MIRA INFORM REPORT

Report Date :

19.08.2014

IDENTIFICATION DETAILS

Name :	SALZGITTER MANNESMANN PRECISION ETIRAG
Registered Office :	Salzgitter Mannesmann Precision Etirag Z.I Sud La Sauniere 89600 Cheu
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	April, 1964
Com. Reg. No.:	RCS Auxerre 6 426 420 162
Legal Form :	Simplified joint stock company
Line of Business :	Manufacture of tubes, pipes, hollow profiles and related fittings, steel (2420Z)
No. of Employees	1 000 to 1 999 employees

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

FRANCE - ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

Source : CIA

Company name

Top of Form

Name

SALZGITTER MANNESMANN PRECISION ETIRAG

SIRET

426 420 162 00023

company summary

		EUR VAT Number	FR54426420162
Activity (APE)	Manufacture of tubes, pipes, hollow profiles and related fittings, steel (2420Z)	Legal form	Simplified joint stock company
Phone	09 60 40 63 47	RCS Registration	RCS Auxerre 6 426 420 162
Fax	09 60 40 63 47	Share capital	15,991,965 Euros
Address	SALZGITTER MANNESMANN PRECISION ETIRAG Z.I SUD LA SAUNIERE 89600 CHEU	Incorporated Date	04/1964
Nationality	France	Status	Economically active

Payment Information Summary - Trade Payment Data
Total number of Invoices available	9
Total number of Invoices paid within or up to 30 days after the due date	9
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Company number
SALZGITTER AG	-

Current Directors

Trading to Date	12/31/2012	12/31/2011	12/31/2008
Turnover	168,704,000 €	194,610,000 €	219,016,023 €
Gross Operating Surplus	-8.69 % Turnover	-0.71 % Turnover	6.44 % Turnover
Shareholders’ equity	12,897,000 €	13,746,000 €	80,027,851 €
Net result	-542,000 €	1,054,000 €	2,800,943 €
Employees	1 000 to 1 999 employees	-	-

Trends
Profitability
Liquidity
Net worth

Company details

Activity (APE)	Manufacture of tubes, pipes, hollow profiles and related fittings, steel (2420Z)
RCS Registration	RCS Auxerre 6 426 420 162	Share capital	15,991,965 Euros
Registration Court	Auxerre (89)	Legal form	Simplified joint stock company
Court Registry Number	19 6 4B00016	EUR VAT Number	FR54426420162
Incorporation Date	04/1964	Formation Date	01/1964
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Manufacture of tubes, pipes, hollow profiles and related fittings, steel (2420Z)	Business Pages FT®	METALLURGIE
Postal Address	SALZGITTER MANNESMANN PRECISION ETIRAG Z.I SUD LA SAUNIERE 89600 CHEU	Trading Address	LA SAUNIERE 89600 CHEU
Telephone	09 60 40 63 47
Fax	09 60 40 63 47

Type	Head office	Status	Economically active
Formation Date		Reason for formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Yonne (89)	Region	Bourgogne
District	1	Area	25
City	CHEU	Size of urban area	Establishment in a rural municipality

Other establishments

Branches

5 branch entities in this company

Head office

> SALZGITTER MANNESMANN PRECISION ETIRAG <<< - Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (2420Z) in CHEU (89600)

Secondary establishments

> SALZGITTER MANNESMANN PRECISION ETIRAG - Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (2420Z) in RACHECOURT SUR MARNE (52170) > SALZGITTER MANNESMANN PRECISION ETIRAG - Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (2420Z) in MAROLLES (51300) > SALZGITTER MANNESMANN PRECISION ETIRAG - Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (2420Z) in LAIGNEVILLE (60290) > SALZGITTER MANNESMANN PRECISION ETIRAG - Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (2420Z) in LA CHARITE SUR LOIRE (58400) > ...

Head office

> SALZGITTER MANNESMANN PRECISION ETIRAG <<< - Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (2420Z) in CHEU (89600)

Secondary establishments

> SALZGITTER MANNESMANN PRECISION ETIRAG - Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (2420Z) in RACHECOURT SUR MARNE (52170) > SALZGITTER MANNESMANN PRECISION ETIRAG - Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (2420Z) in MAROLLES (51300) > SALZGITTER MANNESMANN PRECISION ETIRAG - Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (2420Z) in LAIGNEVILLE (60290) > SALZGITTER MANNESMANN PRECISION ETIRAG - Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (2420Z) in LA CHARITE SUR LOIRE (58400) > ...

	Regionality		Legal unit with multiple establishments in many areas having at least 50% of workforce in same area
	Mono-activity status	Legal unit having all establishments with the same main activity
Workforces

Workforce at address

250 to 499 employees

Company workforce

1 000 to 1 999 employees

Financial data

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	28/01/2014	21/11/2013	22/09/2010
Activity Code	2420Z	2420Z	2420Z
Employees	0	0	1200

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2008	Sector Median2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	33,981,000	-2.8%	34,969,000	-35.7%	54,405,653	110,358.50	30691.5%
- Intangible assets	144,000	-30.4%	207,000	24.9%	165,758	367	39137.1%
- Tangible assets	32,147,000	-2.8%	33,089,000	-37.1%	52,573,321	85,469	37512.5%
- Financial assets	1,689,000	1.0%	1,673,000	0.4%	1,666,574	2,514	67083.8%
Net current assets	50,283,000	-34.2%	76,401,000	0.1%	76,304,545	619,958.50	8010.7%
- Stocks	25,084,000	-40.5%	42,193,000	14.0%	36,997,813	64,560.50	38753.5%
- Advanced payments	69,000	-34.2%	0	0%	2,380	0	0%
- Receivables	24,136,000	-29.0%	34,001,000	-13.2%	39,156,877	349,101	6813.8%
- Securities and cash	994,000	380.2%	207,000	40.4%	147,475	56,983.50	1644.4%
- Prepaid expenses	-	-	-	-	-	109	-
Accounts of regularization	39,000	0%	0	0%	212,885	0	0%
Total Assets	84,304,000	-24.3%	111,370,000	-14.9%	130,923,084	696,641.50	12001.5%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2008	Sector Median2012
Shareholders' equity	12,897,000	-6.2%	13,746,000	-82.8%	80,027,851	247,215	5116.9%
Share capital	15,992,000	0%	15,992,000	0.0%	15,991,965	50,000	31884.0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	16,803,000	34.2%	12,519,000	70.4%	7,348,311	0	0%
Liabilities	54,596,000	-35.8%	85,103,000	96.3%	43,359,296	427,301	12676.9%
- Financial liabilities	26,203,000	-44.7%	47,376,000	451.4%	8,591,201	59,073	44257.0%
- Advanced payments received	0	0%	794,000	0%	0	0	0%
- Trade account payables	11,955,000	-32.7%	17,756,000	16.4%	15,250,483	160,447	7351.1%
- Tax and social liabilities	15,772,000	-8.7%	17,266,000	-2.7%	17,740,803	266,933	5808.6%
- Other debts and fixed assets liabilities	674,000	-57.3%	1,579,000	-19.6%	1,964,436	16,675	3942.0%
Account regularization	0	0%	332,000	0%	0	0	0%
Total liabilities	84,304,000	-24.3%	111,370,000	-14.9%	130,923,084	696,639.50	12001.5%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2008	Sector Median2012
Sales of Goods	159,993,000	-23.0%	207,833,000	-7.4%	224,347,509	1,405,286.50	11285.1%
Net turnover	168,704,000	-13.3%	194,610,000	-11.1%	219,016,023	1,362,076	12285.8%
- of which net export turnover	109,709,000	0%	0	0%	119,292,956	0	0%
Operating charges	181,609,000	-15.0%	213,759,000	-1.3%	216,495,018	1,529,512	11773.7%
Operating profit/loss	-21,616,000	-264.8%	-5,926,000	-175.5%	7,852,491	19,316	-112007.2%
Financial income	1,290,000	5.1%	1,227,000	55.4%	789,393	410.50	314150.9%
Financial charges	2,245,000	17.2%	1,916,000	96.7%	974,178	4,384.50	51103.1%
Financial profit/loss	-955,000	-38.6%	-689,000	-272.9%	-184,785	-1,206.50	-79054.6%
Pretax net operating income	-22,571,000	-241.2%	-6,615,000	-186.3%	7,667,706	18,114.50	-124701.8%
Extraordinary income	29,630,000	157.8%	11,495,000	328.1%	2,684,923	1,464.50	2023116.1%
Extraordinary charges	8,685,000	110.5%	4,126,000	-34.0%	6,251,494	2,050.50	423455.2%
Extraordinary profit/loss	20,945,000	184.2%	7,369,000	306.6%	-3,566,571	0	0%
Net result	-542,000	-151.4%	1,054,000	-62.4%	2,800,943	17,010.50	-3286.3%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2012	31/12/2011	31/12/2008
Months	12	12	12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2012		31/12/2011		31/12/2008
	Grand Total (I to VI)	Net	84,304,000	-24.3%	111,370,000	-14.9%	130,923,084
	Gross	CO	186,100,000	-11.2%	209,652,000	5.4%	198,874,800
	Amortisation	1A	101,796,000	3.6%	98,282,000	44.6%	67,951,716

Non declared distributed capital (I)

		31/12/2012		31/12/2011		31/12/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2012		31/12/2011		31/12/2008
	Total Active fixed asset (II)	Net	33,981,000	-2.8%	34,969,000	-35.7%	54,405,653
	Gross	BJ	131,101,000	1.0%	129,757,000	9.3%	118,749,819
	Amortisation	BK	97,120,000	2.5%	94,788,000	47.3%	64,344,166

Intangilble fixed assets

			31/12/2012		31/12/2011		31/12/2008
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	207,000	24.9%	165,758
	Gross	AF	0	0%	1,443,000	7.5%	1,342,490
	Amortisation	AG	0	0%	1,236,000	5.0%	1,176,732
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	144,000	0%	0	0%	0
	Gross	AJ	1,463,000	0%	0	0%	0
	Amortisation	AK	1,319,000	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	144,000	-30.4%	207,000	24.9%	165,758

Tangilble fixed assets

			31/12/2012		31/12/2011		31/12/2008
	Lands	Net	1,928,000	-2.5%	1,977,000	4.6%	1,890,163
	Gross	AN	2,477,000	1.4%	2,444,000	13.5%	2,153,898
	Amortisation	AO	549,000	17.6%	467,000	77.1%	263,735
	Buildings	Net	4,251,000	-3.8%	4,420,000	-52.5%	9,301,958
	Gross	AP	21,086,000	2.0%	20,665,000	9.7%	18,846,023
	Amortisation	AQ	16,835,000	3.6%	16,245,000	70.2%	9,544,065
	Plant	Net	23,931,000	24.4%	19,239,000	-51.6%	39,732,104
	Gross	AR	100,256,000	6.5%	94,113,000	3.2%	91,218,289
	Amortisation	AS	76,325,000	1.9%	74,874,000	45.4%	51,486,185
	Other tangible fixed assets	Net	620,000	11.7%	555,000	22.0%	454,923
	Gross	AT	2,712,000	7.6%	2,521,000	8.3%	2,328,372
	Amortisation	AU	2,092,000	6.4%	1,966,000	4.9%	1,873,449
	Fixed assets in construction	Net	1,076,000	-62.8%	2,896,000	150.2%	1,157,499
	Gross	AV	1,076,000	-62.8%	2,896,000	150.2%	1,157,499
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	341,000	-91.5%	4,002,000	10812.4%	36,674
	Gross	AX	341,000	-91.5%	4,002,000	10812.4%	36,674
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	32,147,000		33,089,000		52,573,321

Financial assets

			31/12/2012		31/12/2011		31/12/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	335
	Gross	BD	0	0%	0	0%	335
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	1,570,000	0%	1,570,000	-0.1%	1,570,931
	Gross	BF	1,570,000	0%	1,570,000	0%	1,570,931
	Amortisation	BG	0		0		0
	Other financial assets	Net	119,000	15.5%	103,000	8.1%	95,308
	Gross	BH	119,000	15.5%	103,000	8.1%	95,308
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		1,689,000		1,673,000		1,666,574

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2008
	Total Assets	Net	50,283,000	-34.2%	76,401,000	0.1%	76,304,545
	Gross	CJ	54,959,000	-31.2%	79,894,000	0.0%	79,912,094
	Amortisation	CK	4,676,000	33.9%	3,493,000	-3.2%	3,607,549

Stocks

			31/12/2012		31/12/2011		31/12/2008
	Raw materials	Net	9,262,000	-24.4%	12,247,000	-18.9%	15,098,237
	Gross	BL	10,746,000	-21.4%	13,675,000	-17.3%	16,530,113
	Amortisation	BM	1,484,000	3.9%	1,428,000	-0.3%	1,431,876
	Work in progress (goods)	Net	0	0%	11,896,000	28.8%	9,234,919
	Gross	BN	0	0%	11,909,000	19.9%	9,929,642
	Amortisation	BO	0	0%	13,000	-98.1%	694,723
	Work in progress (services)	Net	5,847,000	0%	0	0%	0
	Gross	BP	6,163,000	0%	0	0%	0
	Amortisation	BQ	316,000	0%	0	0%	0
	Semi-finished and finished products	Net	9,975,000	-44.7%	18,050,000	42.5%	12,664,657
	Gross	BR	12,257,000	-37.0%	19,443,000	45.5%	13,363,783
	Amortisation	BS	2,282,000	63.8%	1,393,000	99.2%	699,126
	Goods for resale	Net	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	25,084,000	-40.5%	42,193,000	14.0%	36,997,813

Advance payments to suppliers

			31/12/2012		31/12/2011		31/12/2008
	Advance payments to suppliers	Net	69,000	0%	0	0%	2,380
	Gross	BV	69,000	0%	0	0%	2,380
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2012		31/12/2011		31/12/2008
	Trade accounts receivable	Net	20,810,000	-32.5%	30,811,000	-16.3%	36,814,226
	Gross	BX	21,404,000	-32.0%	31,470,000	-16.3%	37,596,050
	Amortisation	BY	594,000	-9.9%	659,000	-15.7%	781,824
	Other debtors	Net	3,036,000	14.2%	2,659,000	47.3%	1,804,710
	Gross	BZ	3,036,000	14.2%	2,659,000	47.3%	1,804,710
	Amortisation	CA	0	0%	0	0%	0
	Capital subscribed and called up	Net	0	0%	0	0%	0
	Gross	CB	0	0%	0	0%	0
	Amortisation	CC	0	0%	0	0%	0
	Sub Total Debtors	Net	23,846,000	-28.8%	33,470,000	-13.3%	38,618,936

Divers

			31/12/2012		31/12/2011		31/12/2008
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	994,000	380.2%	207,000	40.4%	147,475
	Gross	CF	994,000	380.2%	207,000	40.4%	147,475
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	994,000	380.2%	207,000	40.4%	147,475

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2008
	Prepaid expenses	Net	290,000	-45.4%	531,000	-1.3%	537,941
	Gross	CH	290,000	-45.4%	531,000	-1.3%	537,941
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2011		31/12/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	39,000	0%	0	0%	212,885
Gross		39,000	0%	0	0%	212,885

References

		31/12/2012		31/12/2011		31/12/2008
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive
Other capital resources | Provisions for risks and charges | Liabilities | Translation loss | Equalization accounts | References

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2008
Grand Total (I to V)	EE	84,304,000	-24.3%	111,370,000	-14.9%	130,923,084

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2008
	Total shareholders' equity (Total I)	DL	12,897,000	-6.2%	13,746,000	-82.8%	80,027,851
	Equity and shareholders' equity	DA	15,992,000	0%	15,992,000	0.0%	15,991,965
	Issue and merger premiums	DB	10,370,000	0%	10,370,000	0.0%	10,369,783
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	1,599,000	0%	1,599,000	0.0%	1,599,196
	Statutory or contractual reserve	DE	14,243,000	0%	14,243,000	0.0%	14,243,229
	Special regulated reserves	DF	28,000	0%	28,000	1.5%	27,599
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-44,071,000	2.3%	-45,125,000	-397.5%	15,170,472
	Profit or loss for the period	DI	-542,000	-151.4%	1,054,000	-62.4%	2,800,943
	Investment grants	DJ	93,000	-5.1%	98,000	-17.3%	118,540
	Special tax-allowable reserves	DK	15,185,000	-2.0%	15,487,000	-21.4%	19,706,124

Other capital resources (II)

			31/12/2012		31/12/2011		31/12/2008
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/12/2012		31/12/2011		31/12/2008
	Total provisions for risks and charges (Total III)	DR	16,803,000	34.2%	12,519,000	70.4%	7,348,311
	Risk provisions	DP	751,000	12.3%	669,000	-6.6%	716,011
	Reserves for charges	DQ	16,053,000	35.5%	11,850,000	78.7%	6,632,300

Liabilities (IV)

			31/12/2012		31/12/2011		31/12/2008
	Total Liabilities (Total IV)	EC	54,596,000	-35.8%	85,103,000	96.3%	43,359,296
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	194,000	-20.8%	245,000	-97.1%	8,591,201
	Sundry loans and financial liabilities	DV	26,009,000	-44.8%	47,131,000	0%	0
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	794,000	0%	0
	Trade accounts payables	DX	11,955,000	-32.7%	17,756,000	16.4%	15,250,483
	Tax and social security liabilities	DY	15,772,000	-8.7%	17,266,000	-2.7%	17,740,803
	Fixed asset liabilities	DZ	529,000	-57.1%	1,234,000	-12.3%	1,406,441
	Other debts	EA	137,000	-60.3%	345,000	-6.8%	370,368

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2008
Translation loss (Total V)	ED	8,000	0%	0	0%	187,627

Equalization accounts

		31/12/2012		31/12/2011		31/12/2008
Deferred income	EB	0	0%	332,000	0%	0

References

		31/12/2012		31/12/2011		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	27,599
Deferred income and liabilities	EG	0	0%	0	0%	43,030,584
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Result account
Sales of Goods | Operating charges | Operating charges | Financial income | Financial charges | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result(I-II)

		31/12/2012		31/12/2011		31/12/2008
Operating result (Total I-II)	GG	-21,616,000	-264.8%	-5,926,000	-175.5%	7,852,491

2 -Financial result(V - VI)

		31/12/2012		31/12/2011		31/12/2008
Financial result (Total V-VI)	GV	-955,000	-38.6%	-689,000	-272.9%	-184,785

3 -Pre-tax net operating income result(I - VI)

		31/12/2012		31/12/2011		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-22,571,000	-241.2%	-6,615,000	-186.3%	7,667,706

4 -Extraordinary result(VII-VIII)

		31/12/2012		31/12/2011		31/12/2008
Extraordinary result (Total VII-VIII)	HI	20,945,000	184.2%	7,369,000	306.6%	-3,566,571

Profit or loss

		31/12/2012		31/12/2011		31/12/2008
Profit or loss	HN	-542,000	-151.4%	1,054,000	-62.4%	2,800,943

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2008
Total Income (I+III+V+VII)	HL	190,914,000	-13.4%	220,555,000	-3.2%	227,821,825

Total charges (Total II+IV+VI+VIII+IX+X)

		31/12/2012		31/12/2011		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	191,455,000	-12.8%	219,499,000	-2.5%	225,020,880

Operating income(I)

		31/12/2012		31/12/2011		31/12/2008
Total operating income (Total I)	FR	159,993,000	-23.0%	207,833,000	-7.4%	224,347,509

Operating income (details)

			31/12/2012		31/12/2011		31/12/2008
	Sale of goods for resale	FC	0	0%	0	0%	20,179
	France	FA	0	0%	0	0%	0
	Export	FB	0	0%	0	0%	20,179
	Sale of goods produced	FF	0	0%	194,610,000	-9.2%	214,371,197
	France	FD	0	0%	194,610,000	104.5%	95,140,979
	Export	FE	0	0%	0	0%	119,230,218
	Sale of services	FI	168,704,000	0%	0	0%	4,624,647
	France	FG	58,995,000	0%	0	0%	4,582,088
	Export	FH	109,709,000	0%	0	0%	42,559
	Net turnover	FL	168,704,000	-13.3%	194,610,000	-11.1%	219,016,023
	France	FJ	58,995,000	-69.7%	194,610,000	95.2%	99,723,067
	Export	FK	109,709,000	0%	0	0%	119,292,956
	Stocked production	FM	-12,932,000	-245.7%	8,873,000	18348.6%	-48,623
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	167,000	-29.2%	236,000	62.1%	145,606
	Release of reserves and provisions	FP	4,046,000	-1.4%	4,102,000	-21.0%	5,190,609
	Other income	FQ	8,000	-33.3%	12,000	-72.7%	43,894

Operating charges(II)

		31/12/2012		31/12/2011		31/12/2008
Total operating charges (Total II)	GF	181,609,000	-15.0%	213,759,000	-1.3%	216,495,018

Exploitation charges

		31/12/2012		31/12/2011		31/12/2008
Purchase of goods for resale	FS	83,245,000	0%	0	0%	34,036
Change in stocks of goods for resale	FT	2,928,000	0%	0	0%	0
Purchase of raw materials	FU	0	0%	106,308,000	4.0%	102,235,710
Change in stocks of raw materials	FV	0	0%	-767,000	-139.3%	1,950,126
Other external purchases and charges	FW	37,529,000	-25.3%	50,227,000	7.1%	46,893,815
Tax, duty and similar payments	FX	2,741,000	-10.9%	3,077,000	-31.6%	4,495,631
Payroll	FY	31,272,000	-6.3%	33,370,000	-2.3%	34,167,215
Social security costs	FZ	12,877,000	-0.1%	12,884,000	-15.5%	15,242,008

Depreciation

		31/12/2012		31/12/2011		31/12/2008
Depreciation of fixed assets	GA	5,340,000	9.7%	4,868,000	-24.9%	6,484,512
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	4,086,000	71.0%	2,389,000	-26.7%	3,257,423
Provisions for risks and charges	GD	1,561,000	27.8%	1,221,000	-2.0%	1,245,400

Other charges

		31/12/2012		31/12/2011		31/12/2008
Other charges	GE	28,000	-84.6%	182,000	-62.8%	489,142

Operating charges (III-IV)

		31/12/2012		31/12/2011		31/12/2008
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income(V)

			31/12/2012		31/12/2011		31/12/2008
	Total financial income (Total V)	GP	1,290,000	5.1%	1,227,000	55.4%	789,393
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	3,000	50.0%	2,000	-92.4%	26,230
	Released provisions and transferred charges	GM	0	0%	46,000	-5.6%	48,728
	Exchange gains	GN	1,287,000	9.2%	1,179,000	65.0%	714,435
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2012		31/12/2011		31/12/2008
	Total financial charge (Total VI)	GU	2,245,000	17.2%	1,916,000	96.7%	974,178
	Financial reserves and provisions	GQ	2,000	0%	0	0%	37,334
	Interest and similar charges	GR	1,115,000	22.3%	912,000	203.0%	300,945
	Exchange losses	GS	1,128,000	12.4%	1,004,000	57.9%	635,899
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			31/12/2012		31/12/2011		31/12/2008
	Total extraordinary income (Total VII)	HD	29,630,000	157.8%	11,495,000	328.1%	2,684,923
	Extraordinary operating income	HA	217,000	10750.0%	2,000	-27.1%	2,745
	Extraordinary income from capital transactions	HB	26,020,000	328.0%	6,079,000	1317.0%	428,994
	Released provisions and transferred charges	HC	3,393,000	-37.3%	5,414,000	140.3%	2,253,184

Extraordinary charges(VIII)

			31/12/2012		31/12/2011		31/12/2008
	Total extraordinary charges (Total VIII)	HH	8,685,000	110.5%	4,126,000	-34.0%	6,251,494
	Extraordinary operating charges	HE	1,470,000	-44.6%	2,654,000	13.7%	2,334,829
	Extraordinary charges from capital transactions	HF	262,000	469.6%	46,000	-81.1%	242,994
	Extraordinary reserves and provisions	HG	6,952,000	387.5%	1,426,000	-61.2%	3,673,671

Employee profit sharing(IX)

		31/12/2012		31/12/2011		31/12/2008
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	36,828

Tax on profits(X)

		31/12/2012		31/12/2011		31/12/2008
Tax on profits (Total X)	HK	-1,084,000	-258.9%	-302,000	-123.9%	1,263,362

References

		31/12/2012		31/12/2011		31/12/2008
Of which equipment leases	HP	0	0%	0	0%	149
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomes tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period
Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2012		31/12/2011		31/12/2008
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	14,660,267
	Decreasess by transfers	OK2	0	0%	0	0%	1,786,154
	Gross value at the end of period	OL	0	0%	0	0%	118,749,820

Research and development Charge (Total I)

			31/12/2012		31/12/2011		31/12/2008
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets(Total II)

			31/12/2012		31/12/2011		31/12/2008
	Gross value at begin of period	KD	0	0%	0	0%	1,426,671
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	34,953
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	119,134
	Gross value at the end of period	LW	0	0%	0	0%	1,342,490

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2008
	Gross value at begin of period	LN	0	0%	0	0%	109,634,761
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	22,408,363
	Decreasess by budget item transfer	NG1	0	0%	0	0%	14,660,267
	Decreasess by transfers	NG2	0	0%	0	0%	1,642,100
	Gross value at the end of period	NH	0	0%	0	0%	115,740,757

Fiancial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2008
	Gross value at begin of period	LQ	0	0%	0	0%	1,687,381
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	4,112
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	24,920
	Gross value at the end of period	NK	0	0%	0	0%	1,666,573

Reserve for depreciation
Situation and movement of reserve for depreciation
Grand total (I-II-III)

			31/12/2012		31/12/2011		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2012		31/12/2011		31/12/2008
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2011		31/12/2008
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	1,205,528
Increases		PF	0	0%	0	0%	90,338
Decreasess		PG	0	0%	0	0%	119,134
	Decreasess by budget item transfer	PH	0	0%	0	0%	1,176,732

Total fixed assets amotisation(Total III)

			31/12/2012		31/12/2011		31/12/2008
	Reserve for depreciation value at begin of period	QU	0	0%	0	0%	58,172,366
Increases		QV	0	0%	0	0%	6,394,173
Decreases		QW	0	0%	0	0%	1,399,106
	Decreasess by budget item transfer	QX	0	0%	0	0%	63,167,433

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2011		31/12/2008
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2012		31/12/2011		31/12/2008
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

Provisions included in balance sheet
Grand Total (I-II-III)

			31/12/2012		31/12/2011		31/12/2008
	Value at begining of period	7C	0	0%	0	0%	28,523,441
Increases		UB	0	0%	0	0%	8,213,828
Decreases		UC	0	0%	0	0%	6,075,284
	Value at the end of period	UD	0	0%	0	0%	30,661,985

Includes Total allocations

Operating	UE	0	0%	0	0%	4,502,823
Financial	UG	0	0%	0	0%	37,334
Exceptional	UJ	0	0%	0	0%	3,673,671

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	3,773,372
Financial	UH	0	0%	0	0%	48,728
Exceptional	UK	0	0%	0	0%	2,253,184

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2008
	Value at begining of period	3Z	0	0%	0	0%	18,006,123
Increases		TS	0	0%	0	0%	3,673,671
Decreases		TT	0	0%	0	0%	1,973,670
	Value at the end of period	TU	0	0%	0	0%	19,706,124

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011		31/12/2008
	Value at begining of period	5Z	0	0%	0	0%	8,133,330
Increases		TV	0	0%	0	0%	1,282,734
Decreases		TW	0	0%	0	0%	2,067,754
	Value at the end of period	TX	0	0%	0	0%	7,348,310

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2008
	Value at begining of period	7B	0	0%	0	0%	2,383,986
Increases		TY	0	0%	0	0%	3,257,423
Decreases		TZ	0	0%	0	0%	2,033,860
	Value at the end of period	UA	0	0%	0	0%	3,607,549

State deadlines claims and debts at the end of period
State claims

		31/12/2012		31/12/2011		31/12/2008
Gross value	VT	0	0%	0	0%	41,604,940
1 year at most	VU	0	0%	0	0%	39,938,701
More than one year	VV	0	0%	0	0%	1,666,239

State of loans

		31/12/2012		31/12/2011		31/12/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	1,570,931
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	0	0%	95,308
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2008
Customers doubtful or disputed	VA	0	0%	0	0%	860,842
Other claims customer	UX	0	0%	0	0%	36,735,208
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	23,302
Social Security and other social organizations	UZ	0	0%	0	0%	55,373
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	1,443,942
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	2,552
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	279,542

Prepaid

		31/12/2012		31/12/2011		31/12/2008
Prepaid	VS	0	0%	0	0%	537,941

State Debt

			31/12/2012		31/12/2011		31/12/2008
	Total debt (gross)	VY	0	0%	0	0%	43,359,295
1 year at most		VZ2	0	0%	0	0%	43,030,584
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	189,802
More than 5 years		VZ4	0	0%	0	0%	138,909

Details

			31/12/2012		31/12/2011		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	8,211,257
1 year at most		VG2	0	0%	0	0%	8,211,257
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	379,944
1 year at most		VH2	0	0%	0	0%	51,233
More than 1 year and 5 years at most		VH3	0	0%	0	0%	189,802
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	0	0%	0	0%	15,250,483
1 year at most		8B2	0	0%	0	0%	15,250,483
More than 1 year and 5 years at most		8B3	0	0%	0	0%	15,250,483
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	8,342,479
1 year at most		8C2	0	0%	0	0%	8,342,479
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0	0%	6,008,350
1 year at most		8D2	0	0%	0	0%	6,008,350
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	2,209,461
1 year at most		8E2	0	0%	0	0%	2,209,461
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	11,782
1 year at most		VW2	0	0%	0	0%	11,782
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	1,168,732
1 year at most		VQ2	0	0%	0	0%	1,168,732
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	1,406,441
1 year at most		8J2	0	0%	0	0%	1,406,441
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	0	0%	370,368
1 year at most		8K2	0	0%	0	0%	370,368
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2008
Loans made during the period	VJ	0	0%	0	0%	362,477
Debt repaid during the period	VK	0	0%	0	0%	7,920

Table allocation results and other information
Dividends distributed

		31/12/2012		31/12/2011		31/12/2008
Dividends	ZE	0	0%	0	0%	8,902,194

Commitments

		31/12/2012		31/12/2011		31/12/2008
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2012		31/12/2011		31/12/2008
Subcontracting	YT	0	0%	0	0%	7,646,561
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	2,259,587
Staff outside the company	YU	0	0%	0	0%	4,091,980
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	3,325,088
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	29,570,599
Total Other purchases and external	ZJ	0	0%	0	0%	46,893,815

Taxes and Fees

		31/12/2012		31/12/2011		31/12/2008
Business tax	YW	0	0%	0	0%	2,430,049
Other taxes and payments assimilated	9Z	0	0%	0	0%	2,065,582
Total taxes and fees	YX	0	0%	0	0%	4,495,631

VAT

		31/12/2012		31/12/2011		31/12/2008
Amount VAT collected	YY	0	0%	0	0%	17,617,390
Total VAT on goods and services	YZ	0	0%	0	0%	12,218,609

Average number of employees

		31/12/2012		31/12/2011		31/12/2008
Average number of employees	YP	0	0%	0	0%	1,200

Groups and Shareholders

		31/12/2012		31/12/2011		31/12/2008
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

Ratios
Structure and liquidity | Management or rotation | Profitability of the business | Return on capital

Structure and Liquidity

		31/12/2012		31/12/2011		31/12/2008	Sector Median2012
Fixed Asset Financing		1.17	-10.0%	1.30	-3.7%	1.35	1.71	-31.6%
Global Debt		117days	-25.5%	157days	121.1%	71days	122.50days	-4.5%
Working Capital Fund overall net		47days	-34.7%	72days	5.9%	68days	70days	-32.9%
Financial independence		6647.94%	18.5%	5610.61%	502.3%	931.51%	424.16%	1467.3%
More ratios
Solvability		15.30%	24.0%	12.34%	-79.8%	61.13%	36.78%	-58.4%
Capacity debt futures		%	-	%	-	968.57%	953.51%	-
Coverage of current assets by net working capital overall		40.10%	-17.7%	48.73%	-6.9%	52.36%	44.80%	-10.5%
General Liquidity			-		-	0.93	0.89	-
Restricted Liquidity			-		-	0.93	1.25	-

Management or rotation

		31/12/2012		31/12/2011		31/12/2008	Sector Median2012
Need background in operating working capital		44days	-38.0%	71days	6.0%	67days	33.50days	31.3%
Treasury		2days	0%	0days	0%	0days	4days	-50.0%
Inventory turnover of goods		0days	-	days	-	0days	10days	0%
Average length of credit granted to customers		46days	-20.7%	58days	1.8%	57days	63.50days	-27.6%
Average length of credit obtained suppliers		35days	-14.6%	41days	20.6%	34days	56days	-37.5%
More ratios
Inventory turnover of raw materials in industrial enterprises		days	-	46days	-20.7%	58days	62days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	189days	301days	-
Rotation tangible assets		%	-	%	-	189.23%	521.36%	-

Profitability of the business

		31/12/2012		31/12/2011		31/12/2008	Sector Median2012
Margin trading		-51.08%	0%	0%	0%	-0.01	0%	0%
Profitability of the business		-8.69	-1123.9%	-0.71	-111.0%	6.44	4.59%	-289.3%
Net profit		-0.32%	-159.3%	0.54%	-57.8%	1.28%	1.98%	-116.2%
More ratios
Growth rate of turnover (excluding VAT)		-13.31%	0%	0%	0%	-7.08%	-0.38%	-3402.6%
Rates integration		19.01%	-22.5%	24.52%	-20.9%	30.98%	37.17%	-48.9%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		137.66%	42.0%	96.94%	33.1%	72.82%	80.46%	71.1%
Weight interests		1.33	35.7%	0.98%	122.7%	0.44%	0.37%	259.5%

Return on capital

		31/12/2012		31/12/2011		31/12/2008	Sector Median2012
Cash flow from the overall profitability		-8.30%	-1320.6%	0.68%	-77.9%	3.08%	3.98%	-308.5%
Rates of economic profitability		-37%	-1750.0%	-2%	-112.5%	16%	17.29%	-314.0%
Financial profitability		12897000%	-6.2%	13746000%	-82.8%	80027851%	236817%	5346.0%
Return on investment		4.36%	-10.3%	4.86%	14.1%	4.26%	11.22%	-61.1%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2008	Sector Median2012
Turnover	168,704,000	-13.3%	194,610,000	-11.1%	219,016,023	1,362,076 €	12285.8%

Sales of goods	0	0%	0	0%	20,179
- Purchase of goods	83,245,000	0%	0	0%	34,036
+/- Stock of goods variation	2,928,000	0%	0	0%	0
Trading margin	-86,173,000 €	0%	0 €	0%	-13,857 €	0 €	0%
	-51.08 % CA	0%	0.00 % CA	0%	-0.01 % CA	0 % CA	0%

Sale of goods produced	168,704,000	-13.3%	194,610,000	-11.1%	218,995,844
+/- Stocked production	-12,932,000	-245.7%	8,873,000	18348.6%	-48,623
+ Self-constructed assets	0	0%	0	0%	0
Period production	155,772,000 €	-23.4%	203,483,000 €	-7.1%	218,947,221 €	1,117,478 €	13839.6%
	92.33 % CA	-11.7%	104.56 % CA	4.6%	99.97 % CA	99.99 % CA	-7.7%

Trading margin	-86,173,000	0%	0	0%	-13,857	0	0%
+ Period Production	155,772,000	-23.4%	203,483,000	-7.1%	218,947,221	1,117,478	13839.6%
- Purchase of raw materials	0	0%	106,308,000	4.0%	102,235,710
+/- Change in stocks of raw materiels	0	0%	-767,000	-139.3%	1,950,126
- Other external purchases and charges	37,529,000	-25.3%	50,227,000	7.1%	46,893,815
Added value	32,070,000 €	-32.8%	47,715,000 €	-29.7%	67,853,713 €	565,739.50 €	5568.7%
	19.01 % CA	-22.5%	24.52 % CA	-20.9%	30.98 % CA	37.17 % CA	-48.9%

Added value	32,070,000 €	-32.8%	47,715,000 €	-29.7%	67,853,713 €	565,739.50 €	5568.7%
+ Operating grants	167,000	-29.2%	236,000	62.1%	145,606
- Tax, duty and similar payments	2,741,000	-10.9%	3,077,000	-31.6%	4,495,631
- Personal charges	44,149,000	-4.6%	46,254,000	-6.4%	49,409,223
Gross operating surplus	-14,653,000 €	-961.8%	-1,380,000 €	-109.8%	14,094,465 €	34,818.50 €	-42183.9%
	-8.69 % CA	-1123.9%	-0.71 % CA	-111.0%	6.44 % CA	4.59 % CA	-289.3%

Gross operating surplus	-14,653,000 €	-961.8%	-1,380,000 €	-109.8%	14,094,465 €	34,818.50 €	-42183.9%
+ Release of reserves and provisions	4,046,000	-1.4%	4,102,000	-21.0%	5,190,609
+ Other operating income	8,000	-33.3%	12,000	-72.7%	43,894
- Depreciation/Amortisation	10,987,000	29.6%	8,478,000	-22.8%	10,987,335
- Other charges	28,000	-84.6%	182,000	-62.8%	489,142
Operating result	-21,614,000 €	-264.7%	-5,926,000 €	-175.5%	7,852,491 €	19,316 €	-111996.9%
	-12.81 % CA	-320.0%	-3.05 % CA	-185.0%	3.59 % CA	2.39 % CA	-636.0%

Operating result	-21,614,000 €	-264.7%	-5,926,000 €	-175.5%	7,852,491 €	19,316 €	-111996.9%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	1,290,000	5.1%	1,227,000	55.4%	789,393
- Financial charges	2,245,000	17.2%	1,916,000	96.7%	974,178
Pre-tax result	-22,569,000 €	-241.2%	-6,615,000 €	-186.3%	7,667,706 €	18,114.50 €	-124690.8%
	-13.38 % CA	-293.5%	-3.40 % CA	-197.1%	3.50 % CA	2.08 % CA	-743.3%

Extraordinary income	29,630,000	157.8%	11,495,000	328.1%	2,684,923	1,464.50	2023116.1%
- Extraordinary charges	8,685,000	110.5%	4,126,000	-34.0%	6,251,494
Extraordinary result	20,945,000 €	184.2%	7,369,000 €	306.6%	-3,566,571 €	0 €	0%
	12.42 % CA	227.7%	3.79 % CA	332.5%	-2 % CA	0 % CA	0%

Pre-tax result	-22,569,000 €	-241.2%	-6,615,000 €	-186.3%	7,667,706 €	18,114.50 €	-124690.8%
Extraordinary result	20,945,000 €	184.2%	7,369,000 €	306.6%	-3,566,571 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	36,828
- Tax on profits	-1,084,000	-258.9%	-302,000	-123.9%	1,263,362
Net result	-540,000 €	-151.1%	1,056,000 €	-62.3%	2,800,945 €	17,009.50 €	-3274.7%
	-0.32 % CA	-159.3%	0.54 % CA	-57.8%	1.28 % CA	1.98 % CA	-116.2%

judgements

Collective procedures

No judgment information for the company

Social security, pension funds preferential rights | Tax office preferential rights

Preferential rights details and history

Summary of preferential rights

Company monitored since	14/09/2007
Status of Monitoring	No social security and tax office preferential right to date

Social security, pension funds preferential rights

Number of preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

65812

10/10/2011

09/01/2012

ALTEA

39,530 EUR

-

Reason for closure	Crossed Off
Court	Auxerre
Creditor	ALTEA
Debtor	SALZGITTER MANNESMANN PRECISION ETIRAGE SAS Z I Sud la Saunière Chéu 89600 SAINT FLORENTIN
Pledges
Title of the act and date	bordereau inscription sécurité sociale en date du 20111010

Group data

Ultimate parent company	SALZGITTER AG
Direct parent	SALZGITTER MANNESMANN PRÉCISION GMBH - 100 %
Group – Number of companies	9
Linkages – Number of companies	143
Number of countries	10

Group Structure

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SALZGITTER AG

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Company Name	SIREN	Parts	Last account published
SALZGITTER AG	-	-	-
MANNESMANNRÖHREN-WERKE GMBH	HRB 17993	100%	-
SALZGITTER MANNESMANN PRECISION GM...	HRB 20198	100%	-
SALZGITTER MANNESMANN PRECISION ...	426420162	100%	31/12/2012
SALZGITTER MANNESMANN PRECISION ...	-	100%	-
SALZGITTER MANNESMANN PRÄZISROHR...	HRB 5965	100%	-
SALZGITTER MANNESMANN ROHR SACHS...	HRB 25504	100%	-
SALZGITTER MANNESMANN GMBH	HRB 200012	100%	-
EUROPIPE GMBH	HRB 17840	50%	31/12/2012

Linkages

Ultimate parent company	SALZGITTER AG
Direct parent	SALZGITTER MANNESMANN PRÉCISION GMBH - 100 %
Group – Number of companies	9
Linkages – Number of companies	143
Number of countries	10
Company Name		SIREN	Last account	Turnover
SALZGITTER KLÖCKNER-WERKE GMBH		HRB 203250	31/12/2010	-
AKTIEN-GESELLSCHAFT DER DILLINGER HÜTTEN...		HRB 23001	31/12/2012	2 375 472 000 €
DHS-DILLINGER HÜTTE SAARSTAHL AG		HRB 24874	31/12/2012	2 535 000 000 €
SALZGITTER AKTIENGESELLSCHAFT		HRB 9207	31/12/2013	9 479 600 000 €
DILLINGER FRANCE		331620096	31/12/2013	368 998 447 €
RSE GRUNDBESITZ UND BETEILIGUNGS-GMBH		HRB 25015	31/12/2011	9 122 000 €
KHS GMBH		HRB 23042	31/12/2009	600 930 000 €
ROGESA ROHEISENGESELLSCHAFT SAAR MIT BES...		HRB 24162	31/12/2012	1 395 008 000 €
ANCOFER STAHLHANDEL GMBH		HRB 14512	31/12/2012	89 957 743 €
VERKEHRSBETRIEBE PEINE-SALZGITTER GESELL...		HRB 6008	31/12/2012	120 249 000 €
MÜLHEIM PIPECOATINGS GMBH		HRB 15450	31/12/2012	13 632 335 €
EURODECOUPE		380608307	31/12/2013	17 560 384 €
MSG MINERALSTOFFGESELLSCHAFT SAAR MBH		HRB 17148	31/12/2012	18 994 954 €
ANCOFERWALDRAM STEELPLATES B.V.		20031659	31/12/2012	88 765 096 €
SALZGITTER HYDROFORMING GMBH & CO KG		HRA 3466	31/12/2008	-
SALZGITTER MANNESMANN (UK) LIMITED		02442586	31/12/2013	29 967 081 £
DILLINGER HÜTTE VERTRIEB GMBH		HRB 19177	31/12/2006	489 570 958 €
EUROPIPE FRANCE		380877340	31/12/2013	27 738 839 €
DILLINGER INTERNATIONAL		428868343	31/12/2012	7 662 365 €
SALZGITTER MANNESMANN PRECISIE B.V.		17002101	31/12/2012	30 030 219 €
SCHEDLER STAHLHANDEL GESELLSCHAFT MIT BE...		HRB 101181	30/09/2008	-
KHS UK LTD.		01131717	31/12/2013	7 036 443 £
RSE PROJEKTMANAGEMENT GMBH		HRB 25667	31/12/2011	386 742 €
KISTERS LIMITED		02652732	31/12/2012	-
BETTERCALL GMBH		HRB 201623	31/12/2013	168 114 €
KHS PLASMAX GMBH		HRB 94769	31/12/2010	12 831 000 €
GVG GRUNDBESITZ- UND VERMÖGENSVERWALTUNG...		HRB 203332	31/12/2012	-
SRT SAAR-RHEIN-TRANSPORTGESELLSCHAFT MIT...		HRB 4932	31/12/2006	-
SHS SERVICES GMBH		HRB 14092	31/12/2012	-
RSE PHOENIX HOLDING GMBH		HRB 25656	31/12/2012	-
DHC-CONSULT GMBH		HRB 25221	31/12/2012	-
SESTA STAHL GESELLSCHAFT MIT BESCHRÄNKTE...		HRB 29923	30/09/2012	-
BSH BRAUNSCHWEIGER SCHROTTHANDEL GMBH		HRB 3670	31/12/2012	-
SALZGITTER MAGNESIUM-TECHNOLOGIE GESELLS...		HRB 6608	31/12/2012	-
TRANS-SAAR B.V.		24167117	31/12/2013	25 468 919 €
SBH STAHLBLECHHANDEL GESELLSCHAFT MIT BE...		HRB 1312	31/12/2012	-
MANNESMANNRÖHREN-WERKE QUALIFIZIERUNGSGE...		HRB 15278	31/12/2012	-
RSE BORSIGGELÄNDE GMBH		HRB 25616	31/12/2011	454 €
SALZGITTER MANNESMANN DRITTE VERWALTUNGS...		HRB 202266	31/12/2012	-
SALZGITTER MANNESMANN PERSONALSERVICE GM...		HRB 16159	31/12/2012	-
RSE FALKENHAGEN GMBH		HRB 25620	31/12/2011	11 835 €
SALZGITTER HYDROFORMING VERWALTUNGS GMBH		HRB 15571	31/12/2012	-
GEWERBEPARK AM BORSIGTURM GMBH		HRB 25644	31/12/2011	1 670 830 €
RSTE OBJEKTGESELLSCHAFT WOHNANLAGEN FÜR ...		HRB 19334	31/12/2013	-
SALZGITTER AUTOMOTIVE ENGINEERING IMMOBI...		HRB 18165	31/12/2012	-
SALZGITTER AUTOMOTIVE ENGINEERING VERWAL...		HRB 15541	31/12/2012	-
SEITZ ENZINGER NOLL GMBH		HRB 2379	30/09/2012	-
STAHLHANDEL GMBH		HRB 472	31/12/2011	-
EUROPIPE PROJEKT GMBH		HRB 17848	31/12/2012	-
SMS IMMOBILIE RHEINHAFEN VERWALTUNGS-GMB...		HRB 701037	31/12/2012	-
HOLSTEIN UND KAPPERT GMBH		HRB 14254	30/09/2012	-
KHS HENSEN PACKAGING GMBH		HRB 23587	31/12/2010	-
NORTHSTAR TELECOM GMBH		HRB 201378	31/12/2013	234 073 €
PHOENIX OFFICE GARDEN GMBH		HRB 25872	31/12/2012	-
RSE PROJEKTENTWICKLUNGS-GMBH		HRB 25628	31/12/2011	843 584 €
KLÖCKNER PET-TECHNOLOGIE GMBH		HRB 203269	31/12/2010	-
KLÖCKNER PET INTERNATIONAL GMBH		HRB 203277	31/12/2012	-
RSE GRUNDSTÜCKSVERWALTUNGS-GMBH		HRB 25634	31/12/2012	-
KHS CORPOPLAST VERWALTUNGSGESELLSCHAFT M...		HRB 104586	31/12/2011	-
NMP SYSTEMS GMBH		HRB 71933	31/12/2012	-
VPS INFRASTRUKTUR GMBH		HRB 200134	31/12/2012	11 194 000 €
RSE PROJEKTMANAGEMENT HOLDING-VERWALTUNG...		HRB 25629	31/12/2011	-
DILLINGER HÜTTE SERVICES B.V.		24420436	31/12/2013	-
KHS CORPOPLAST GMBH		HRB 115595	31/12/2010	129 007 €
DILLINGER SVERIGE AB		5567658439	31/12/2013	1 332 KSEK
ANCOFED		438301210	31/12/2013	3 652 826 €
KHS MOLDTEC GMBH & CO. KG		HRA 7176	31/12/2008	15 418 €
DILLINGER HUTTE UK LIMITED		06560022	31/12/2012	214 114 £
FORMTEC GMBH UMFORMTECHNIK		HRB 35317	31/12/2007	-
EUPEC PIPELINESERVICES INTERNATIONAL GMB...		HRB 16166	31/12/2009	-
IRKAS BETEILIGUNGS GMBH & CO. VERMIETUNG...		HRA 67220	31/08/2009	-
PHOENIX IMMOBILIENVERWALTUNGSGESELLSCHAF...		HRA 45307	31/12/2011	107 891 €
SALZGITTER MANNESMANN STAHLHANDEL GESELL...		HRB 39902	-	-
HÖVELMANN & LUEG VERMÖGENSVERWALTUNG GMB...		HRB 6969	-	-
SALZGITTER AUTOMOTIVE ENGINEERING IMMOBI...		HRA 6046	-	-
TELCAT KOMMUNIKATIONSTECHNIK GMBH		HRB 6004	-	-
SALZGITTER MANNESMANN STAINLESS TUBES DE...		HRB 11874	-	-
FLACHFORM STAHL GMBH		HRB 4745	-	-
SALZGITTER MANNESMANN STAINLESS TUBES GM...		HRB 18154	-	-
SALZGITTER MANNESMANN GROBBLECH GMBH		HRB 15471	-	-
SAARLUX STAHL GMBH & CO. KG		HRA 13639	31/12/2012	-
SALZGITTER BAUELEMENTE GESELLSCHAFT MIT ...		HRB 200434	-	-
ILSENBURGER GROBBLECH GMBH		HRB 112552	-	-
HSP HOESCH SPUNDWAND UND PROFIL GESELLSC...		HRB 19928	-	-
SALZGITTER MANNESMANN INTERNATIONAL GESE...		HRB 30081	-	-
PEINER TRÄGER GMBH		HRB 101405	-	-
KLÖCKNER HÄNSEL PROCESSING GMBH		HRB 4322	-	-
GLÜCKAUF IMMOBILIEN GMBH		HRB 100804	-	-
SALZGITTER MANNESMANN FORSCHUNG GMBH		HRB 9622	-	-
SALZGITTER STAHL GMBH		HRB 6610	-	-
KLÖCKNER DESMA ELASTOMERTECHNIK GMBH		HRB 450796	-	-
SALZGITTER AUTOMOTIVE ENGINEERING GMBH &...		HRA 5270	-	-
GESIS GESELLSCHAFT FÜR INFORMATIONSSYSTE...		HRB 6194	-	-
UNIVERSAL EISEN UND STAHL GMBH		HRB 6780	-	-
FISCHER H.C. EISEN, GESELLSCHAFT MIT BES...		HRB 925	-	-
HILDESHEIMER STAHLHANDEL GMBH & CO KG		HRA 1641	31/12/2012	-
SIG CORPOPLAST GESELLSCHAFT MIT BESCHRÄN...		HRB 17075	-	-
SALZGITTER EUROPLATINEN GESELLSCHAFT MIT...		HRB 6464	-	-
DILLINGER HÜTTE UND SAARSTAHL VERMÖGENSV...		HRA 9297	31/12/2012	-
PHOENIX IMMOBILIENVERWALTUNGSGESELLSCHAF...		HRA 11470	-	-
SALZGITTER AUTOMOTIVE ENGINEERING BETEIL...		HRB 100380	-	-
KHS METEC GMBH		HRB 15062	-	-
SIT SALZGITTER INFORMATION UND TELEKOMMU...		HRB 6607	-	-
SALZGITTER FLACHSTAHL GMBH		HRB 6609	-	-
SALZGITTER MANNESMANN HANDEL GESELLSCHAF...		HRB 8372	-	-
SZST SALZGITTER SERVICE UND TECHNIK GMBH		HRB 6423	-	-
SIG BARRIER TECHNOLOGIES GMBH		HRB 8650	-	-
KHS ASBOFILL GMBH		HRB 12425	-	-
STAHL-CENTER BAUNATAL GESELLSCHAFT MIT B...		HRB 5118	-	-
SALZGITTER AUTOMOTIVE ENGINEERING BETEIL...		HRB 200319	-	-
MANNESMANNRÖHREN-WERKE 3. VERWALTUNGSGES...		HRB 19928	-	-
RECOMA GMBH		HRB 18760	-	-
SALZGITTER MANNESMANN LINE PIPE GMBH		HRB 1435	-	-
DEUMU DEUTSCHE ERZ- UND METALL-UNION GES...		HRB 101327	-	-
RSE PROJEKTMANAGEMENT HOLDING GMBH & CO....		HRA 11435	31/12/2012	-
MANNESMANNRÖHREN-WERKE AKTIENGESELLSCHAF...		HRB 15111	-	-
TELCAT MULTICOM GMBH		HRB 6386	-	-
HSP HOESCH SPUNDWAND UND PROFIL GMBH		HRB 11265	-	-
KHS TILL GMBH		HRB 49174	-	-
APV ROSISTA NÜRNBERG GMBH		HRB 2358	-	-
MANNESMANN LINE PIPE GMBH		HRB 2538	-	-
TELEFONBAU MARIENFELD GMBH & CO. KG		HRA 3723	31/12/2013	4 916 906 €
KLÖCKNER MERCATOR MASCHINENBAU GMBH		HRB 3460	-	-
KLÖCKNER DESMA SCHUHMASCHINEN GMBH		HRB 121162	-	-
SALZGITTER MANNESMANN GROßROHR GMBH		HRB 6615	-	-
HANSAPORT HAFENBETRIEBSGESELLSCHAFT MIT ...		HRB 16851	-	-
BERG STEEL PIPE CORP		-	-	0 $
DILLINGER		-	-	0 $
BERG EUROPIE CORPORATION		-	-	-
BERG SPIRAL CORPORATION		-	-	-
CARGO-RAIL GMBH		-	-	-
DILLINGER HÜTTE GTS NEDERLAND B.V		-	-	-
DILLINGER HÜTTE ITALY S.R.L.		-	-	-
DILLINGER HÜTTE NORGE AS		-	-	-
DILLINGER HÜTTE SPAIN S.L.U		-	-	-
DILLINGER MIDDLE EAST FZE		-	-	-
DILLINGER PROJEKT GMBH		-	-	-
JEBENS GMBH, KORNTAL MUNCHINGEN		-	-	-
SALZGITTER AG		-	-	-
SALZGITTER MANNESMANN HANDEL GMBH		-	-	-
SANTRANS SPEDITIONSGESELLSCHAFT MBH		-	-	-
SANTRANS SPEDITIONSGESELLSCHAFT MBH		-	-	-
TUBOS SOLDADOS ATLANTICO LTDA		-	-	-

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
23/04/2014	Bodacc B	Modification et mutation diverse
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 1577 - 426 420 162 RCS Auxerre. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Administration : Administrateur partant : Resch, Martin. Capital : 15991965 EUR. Activité : . Adresse du siège social : zone industrielle Sud la Saunière Chéu, 89600 Saint-Florentin. Commentaires : modification survenue sur l'administration.
13/04/2014	Bodacc B	Modification et mutation diverse
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 837 - 426 420 162 RCS Auxerre. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Administration : Administrateur partant : Kiessling, Martin, Administrateur partant : Paris, Hubert Guy Marie Joseph. Capital : 15991965 EUR. Activité : . Adresse du siège social : zone industrielle Sud la Saunière Chéu, 89600 Saint-Florentin. Commentaires : modification survenue sur l'administration.
03/04/2014	JAL	Resignation / Revocation of the social representative
Liberté de l Yonne (La) Date de décision : 27/03/2014 La société 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Fait l'objet du départ de Monsieur Martin RESCH
20/03/2014	JAL	Resignation / Revocation of the social representative
Liberté de l Yonne (La) Date de décision : 31/10/2013 La société 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Fait l'objet du départ de Monsieur Hubert PARIS
20/03/2014	JAL	Resignation / Revocation of the social representative
Liberté de l Yonne (La) Date de décision : 27/02/2014 La société 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Fait l'objet du départ de Monsieur Martin KIESSLING
09/03/2014	Bodacc B	Modification et mutation diverse
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 1693 - 426 420 162 RCS Auxerre. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Administration : Président partant : Paris, Hubert Guy Marie Joseph, nomination du Président : SALZGITTER MANNESMANN PRECISION GmbH. Capital : 15991965 EUR. Activité : . Adresse du siège social : zone industrielle Sud la Saunière Chéu, 89600 Saint-Florentin. Commentaires : modification survenue sur l'administration.
13/02/2014	JAL	Resignation / Revocation of the social representative
Liberté de l Yonne (La) Date de décision : 31/10/2013 La société 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Fait l'objet du départ de Monsieur Hubert PARIS
31/12/2013	Bodacc C	Comptes annuels et rapports
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 9309 - 426420162 RCS. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Adresse : zone industrielle Sud la Saunière Chéu 89600 Saint-Florentin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
20/11/2013	Bodacc C	Comptes annuels et rapports
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 10739 - 426420162 RCS. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Adresse : zone industrielle Sud la Saunière Chéu 89600 Saint-Florentin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
18/07/2013	Bodacc B	Modification et mutation diverse
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 1424 - 426 420 162 RCS Auxerre. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Administration : Directeur général partant : Guillet, Nicolas, Michel, Louis, Daniel. Capital : 15991965 EUR. Activité : . Adresse du siège social : zone industrielle Sud la Saunière Chéu, 89600 Saint-Florentin. Commentaires : modification survenue sur l'administration.
18/07/2013	Bodacc B	Modification et mutation diverse
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 1425 - 426 420 162 RCS Auxerre. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Administration : Directeur général partant : Delcourt, Patrick, Yves, Marie, nomination du Directeur général : Pierrot, Jean-Michel Jacques Nicolas. Capital : 15991965 EUR. Activité : . Adresse du siège social : zone industrielle Sud la Saunière Chéu, 89600 Saint-Florentin. Commentaires : modification survenue sur l'administration.
04/07/2013	JAL	Appointment of the social representative
Liberté de l Yonne (La) Date de décision : 25/04/2013 Société faisant l'objet d'une nomination : 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Nominé : Monsieur Jean-Michel PIERROT, 89000 AUXERRE En la fonction de : Directeur général
04/07/2013	JAL	Resignation / Revocation of the social representative
Liberté de l Yonne (La) Date de décision : 01/03/2013 La société 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Fait l'objet du départ de Monsieur Nicolas GUILLET
04/07/2013	JAL	Resignation / Revocation of the social representative
Liberté de l Yonne (La) Date de décision : 25/04/2013 La société 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Fait l'objet du départ de Monsieur Patrick DELCOURT
08/05/2013	Bodacc B	Modification et mutation diverse
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 1280 - 426 420 162 RCS Auxerre. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Administration : Administrateur partant : Menneking, Friedrich Ernst Roger, nomination de l'Administrateur : Resch, Martin. Capital : 15991965 EUR. Activité : . Adresse du siège social : zone industrielle Sud la Saunière Chéu, 89600 Saint-Florentin. Commentaires : modification survenue sur l'administration.
19/04/2013	JAL	Resignation / Revocation of the social representative
Terres de Bourgogne Date de décision : 01/04/2013 La société 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Fait l'objet du départ de Monsieur Roger Menneking
19/04/2013	JAL	Appointment of the social representative
Terres de Bourgogne Date de décision : 01/04/2013 Société faisant l'objet d'une nomination : 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Nominé : Monsieur Martin Resch, 65843 SULZBACH En la fonction de : Membre du Conseil d'Administration
25/11/2012	Bodacc B	Modification et mutation diverse
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 1828 - 426 420 162 RCS Auxerre. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Administration : modification du Président de la société Paris, Hubert Guy Marie Joseph, nomination du Directeur général : Delcourt, Patrick, Yves, Marie, nomination du Directeur général : Guillet, Nicolas, Michel, Louis, Daniel, modification de l'Administrateur Kiessling, Martin, modification de l'Administrateur Eging, Wolfgang. Capital : 15991965 EUR. Activité : . Adresse du siège social : zone industrielle Sud la Saunière Chéu, 89600 Saint-Florentin. Commentaires : modification survenue sur l'administration.
09/11/2012	JAL	Appointment of the social representative
Terres de Bourgogne Date de décision : 31/08/2012 Société faisant l'objet d'une nomination : 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Nominé : Monsieur Martin Kiessling, 59837 ASCHEBERG En la fonction de : Membre du Conseil d'Administration Nominé : Monsieur Nicolas Guillet, 75007 PARIS 07 En la fonction de : Directeur général Nominé : Monsieur Patrick Delcourt, 78000 VERSAILLES En la fonction de : Directeur général
09/11/2012	JAL	Resignation / Revocation of the social representative
Terres de Bourgogne Date de décision : 31/08/2012 La société 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Fait l'objet du départ de Monsieur Wolfgang Eging, De Monsieur Martin Kiessling, Von-Galen-Strasse 12, 59837, ASCHEBERG
06/05/2012	Bodacc B	Modification et mutation diverse
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 1094 - 426 420 162 RCS Auxerre. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Administration : Administrateur partant : Dr Blank, Michael Rainer, nomination de l'Administrateur : Menneking, Friedrich Ernst Roger. Capital : 15991965 EUR. Activité : . Adresse du siège social : zone industrielle Sud la Saunière Chéu, 89600 Saint-Florentin. Commentaires : modification survenue sur l'administration.
13/04/2012	JAL	Appointment of the social representative
Terres de Bourgogne Date de décision : 31/03/2012 Société faisant l'objet d'une nomination : 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Nominé : Monsieur Friedrich Ernst Roger Menneking, 38302 WOLFENBÙTTEL En la fonction de : Administrateur
13/04/2012	JAL	Resignation / Revocation of the social representative
Terres de Bourgogne Date de décision : 31/03/2012 La société 426420162 - SALZGITTER MANNESMANN PRECISION ETIRAG, LA SAUNIERE, Z.I SUD, 89600 CHEU Fait l'objet du départ de Monsieur Michael Blank
10/02/2012	Bodacc B	Modification et mutation diverse
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 3829 - 426 420 162 RCS Auxerre. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire partant : ERNST & YOUNG ET AUTRES, nomination du Commissaire aux comptes titulaire : KPMG AUDIT ID, Commissaire aux comptes suppléant partant : Besnier, Jean-Marc, nomination du Commissaire aux comptes suppléant : KPMG AUDIT IS. Capital : 15991965 EUR. Activité : . Adresse du siège social : Z I Sud la Saunière Chéu, 89600 Saint-Florentin. Commentaires : modification survenue sur l'administration.
27/05/2011	Bodacc C	Comptes annuels et rapports
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 12782 - 426420162 RCS. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Adresse : Z I Sud la Saunière Cheu 89600 Saint-Florentin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
04/10/2010	Bodacc C	Comptes annuels et rapports
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 9961 - 426420162 RCS. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Adresse : Z I Sud la Saunière Cheu 89600 Saint-Florentin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
04/10/2010	Bodacc C	Comptes annuels et rapports
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 9962 - 426420162 RCS. SALZGITTER MANNESMANN PRECISION ETIRAGE SAS. Forme : Société par actions simplifiée. Adresse : Z I Sud la Saunière Cheu 89600 Saint-Florentin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
23/05/2008	Bodacc B	Modification et mutation diverse
89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE D'AUXERRE 1654 - 426 420 162 RCS Auxerre. SALZGITTER MANNESMANN PRECISION ETIRAGE. Forme : Société par actions simplifiée. Administration : Président de la société : PARIS Hubert Guy Marie JosephDirecteur général : KIESSLING Martin. Administrateur : PARIS Hubert Guy Marie Joseph. Administrateur : DR BLANK Michael Rainer. Administrateur : MICHELS Georg. Commissaire aux comptes titulaire : ERNST & YOUNG ET AUTRES. Commissaire aux comptes suppléant : BESNIER Jean-Marc. Capital : 15991965 EUR. Activité : industrie de tubes. Adresse de l’établissement principal : Z I Sud la Saunière, 89600 Chéu. Adresse du siège social : Z I Sud la Saunière, 89600 Chéu. Commentaires : Changement de dénomination sociale Nomination d'un nouveau Directeur Général pas d'ancien. Date de commencement de l’activité : 28/12/1963. Date d’effet : 02/04/2008.
04/10/2007	Bodacc B	Modifications et mutations diverses
2182 - RCS Auxerre B 426 420 162. RC 64-B 16. VALLOUREC PRECISION ETIRAGE. Forme : S.A.S. Capital : 15 991 965 euros. Adresse du siège social : Z.I. Sud, La Saunière,, Cheu, 89600 Administration : président : PARIS (Hubert, Guy, Marie, Joseph). Administrateurs : PARIS (Hubert, Guy, Marie, Joseph) Dr BLANK (Michaël, Rainer) MICHELS (Georg). Commissaire aux comptes titulaire : ERNST & YOUNG ET AUTRES. Commissaire aux comptes suppléant : BESNIER (Jean-Marc). Ancienne administration : ancien administrateur : MICHEL (Jean-Pierre, Robert, Luc). Ancien président : CANTEGRIT (Bertrand, Benoît, Jean, Marie). Anciens administrateurs : BENYAHIA (Abderrazak) BERTRAND (Etienne, Georges, Henri). Anciens membres du conseil d'administration : REDIG (Henri, Albert, Edouard, Antoine) TERNEYRE (Gérard, Michel) DIEULIN (Alain) PRASSER (Christophe) CANTEGRIT (Bertrand, Benoît, Jean, Marie). Etablissement principal - Activité : industrie de tubes. Adresse : Z.I. Sud, La Saunière, Cheu, 89600 Date d'effet : 2 juillet 2007.
05/05/2007	Bodacc C	Avis de dépôt des comptes
8892 - RCS Auxerre B 426 420 162. RC 64-B 16. VALLOUREC PRECISION ETIRAGE. Forme: SAS . Adresse du siège social: Z.I.Sud "la Saunière",Cheu, 89600 Saint-Florentin. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
18/04/2007	Bodacc B	Modifications et mutations diverses
2075 - RCS Auxerre B 426 420 162. RC 64-B 16. VALLOUREC PRECISION ETIRAGE. Forme : S.A.S. Capital : 15 991 965 euros. Adresse du siège social : Z.I. Sud, La Saunière,, Cheu, 89600 Administration : président : CANTEGRIT (Bertrand, Benoît, Jean, Marie). Administrateurs : MICHEL (Jean-Pierre, Robert, Luc) BENYAHIA (Abderrazak) BERTRAND (Etienne, Georges, Henri). Commissaire aux comptes titulaire : ERNST & YOUNG ET AUTRES. Commissaire aux comptes suppléant : BESNIER (Jean-Marc). Ancienne administration : ancien administrateur : FABRE (François, Marius, Camille, Jean). Etablissement principal - Activité : industrie de tubes. Adresse : Z.I. Sud, La Saunière, Cheu, 89600 Date d'effet : 7 septembre 2006.
24/08/2006	Bodacc B	Modifications et mutations diverses
1822 - RCS Auxerre B 426 420 162. RC 64-B 16. VALLOUREC PRECISION ETIRAGE. Forme : S.A.S. Capital : 15 991 965 euros. Adresse du siège social : Z.I. Sud, La Saunière,, Cheu, 89600 Administration : président : CANTEGRIT (Bertrand, Benoît, Jean, Marie). Administrateurs : FABRE (François, Marius, Camille, Jean) MICHEL (Jean-Pierre, Robert, Luc) BENYAHIA (Abderrazak). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : BESNIER (Jean-Marc). Ancienne administration : anciens membres du conseil d'administration : BRECHETEAU (Jean, Robert, André) PROUHEZE (Jean-Claude). Etablissement principal - Activité : industrie de tubes. Adresse : Z.I. Sud, La Saunière, Cheu, 89600 Date d'effet : 17 février 2006.
16/07/2006	Bodacc C	Avis de dépôt des comptes
5612 - RCS Auxerre B 426 420 162. RC 64-B 16. VALLOUREC PRECISION ETIRAGE. Forme: SAS . Adresse du siège social: Z.I.Sud "la Saunière",Cheu, 89600 Saint-Florentin. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
20/10/2005	Bodacc B	Modifications et mutations diverses
2155 - RCS Auxerre B 426 420 162. RC 64-B 16. VALLOUREC PRECISION ETIRAGE. Forme : S.A.S. Capital : 15 991 965 euros. Adresse du siège social : Z.I. Sud, La Saunière,, Cheu, 89600 Administration : président : CANTEGRIT (Bertrand, Benoît, Jean, Marie). Administrateurs : FABRE (François, Marius, Camille, Jean) MICHEL (Jean-Pierre, Robert, Luc) BENYAHIA (Abderrazak). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : BESNIER (Jean-Marc). Ancienne administration : ancien administrateur : LE TYRANT (Jean-Louis). Etablissement principal - Activité : industrie de tubes. Adresse : Z.I. Sud, La Saunière, Cheu, 89600 Date d'effet : 29 avril 2005.
25/09/2005	Bodacc C	Avis de dépôt des comptes
4878 - RCS Auxerre B 426 420 162. RC 64-B 16. VALLOUREC PRECISION ETIRAGE. Forme: SAS . Adresse du siège social: Z.I.Sud "la Saunière",Cheu, 89600 Saint-Florentin. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
08/09/2004	Bodacc B	Modifications et mutations diverses
RCS Auxerre B 426420162 RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. S. Capital : 15 991 965 euros. Adresse du siège social : Z.I. Sud, La Saunière, Cheu 89600 Saint-Florentin. Administration : président : CANTEGRIT ( Bertrand, Benoit, Jean, Marie). Administrateurs : LE TYRANT (Jean-Louis) FABRE (François, Marius, Camille, Jean) MICHEL (Jean-Pierre, Robert, Luc). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : BESNIER (Jean- Marc). Ancienne administration : ancien président du conseil d' administration : LE TYRANT (Jean-Louis). Ancien commissaire aux comptes suppléant : SCHEIDECKER (Francis). Anciens administrateurs : CABRE (Jean- Claude) VERLUCA (Pierre) Etablissement principal: Activité : industrie de tubes. Adresse : Z.I. Sud, La Saunière, Cheu 89600 Saint-Florentin. Date d'effet : 14 juin 2004.
26/03/2003	Bodacc B	Modifications et mutations diverses
RCS Auxerre B 426420162 RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. S. Capital : 15 991 965 euros. Adresse du siège social : Z.I. Sud, La Saunière, Cheu 89600 Saint-Florentin. Administration : président : LE TYRANT ( Jean-Louis), ancien président du conseil d'administration. Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : SCHEIDECKER ( Francis). Anciens administrateurs : LE TYRANT (Jean-Louis) S.A. VALTUBES CANTEGRIT (Bertrand, Benoit, Jean, Marie) PROUHEZE (Jean-Claude) REDIG (Henri, Albert, Edouard, Antoine) BRECHETEAU (Jean, Robert, André) TERNEYRE (Gérard, Michel) Etablissement principal: Activité : industrie de tubes. Adresse : Z.I. Sud, La Saunière, Cheu 89600 Saint-Florentin. Commentaires : modification survenue sur la forme juridique. Date d'effet : 13 novembre 2002.
30/07/2002	Bodacc A	Création d'établissement
RCS B 426420162 RC 02-B 102 VALLOUREC PRECISION ETIRAGE. Forme : S.A. Adresse du siège social : Z.I. La Saunière, Cheu, 89600 Saint-Florentin ETABLISSEMENT SECONDAIRE. Activité : mécanique générale et de précision. Adresse : Z.I., route de Gérigny, 58400 La Charité-sur-Loire Etablissement secondaire acquis par apport au montant évalué à 4 102 899 euros Date de début d'activité: 1 e r janvier 2002. Précédent propriétaire : EUROCAMUS. RCS B 775606320 Publication légale: Le Sénonnais libéré du 12 février 2002 déclaration de créances: au tribunal de commerce de Nevers.
10/07/2002	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Auxerre B 426420162 RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. à conseil d'administration. Capital : 15 000 000 d'euros. Adresse : Z.I. Sud, La Saunière, Cheu 89600 Saint-Florentin Nouvelle situation du siège social. Capital : 15 991 965 euros Etablissement principal: Activité : industrie de tubes. Adresse : Z.I. Sud, La Saunière, Cheu 89600 Saint-Florentin. Date d'effet : 1 e r janvier 2002.
03/07/2002	Bodacc B	Modifications et mutations diverses
RCS Auxerre B 426420162 RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. à conseil d'administration. Capital : 15 000 000 d'euros. Adresse du siège social : Z.I. Sud, La Saunière, Chéu 89600 Saint- Florentin. Administration : président du conseil d'administration : LE TYRANT ( Jean-Louis). Administrateurs : LE TYRANT (Jean-Louis) VALTUBES REDIG ( Henri, Albert, Edouard, Antoine) TERNEYRE (Gérard, Michel) BRECHETEAU ( Jean, Robert, André) PROUHEZE (Jean- Claude). Nouveaux administrateurs : CANTEGRIT (Bertrand, Benoit, Jean, Marie) STE V. ET M. FRANCE. Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : SCHEIDECKER ( Francis). Ancien administrateur : FABRE (François, Marius, Camille, Jean) Etablissement principal: Activité : industrie de tubes. Adresse : Z.I. Sud, La Saunière, Chéu 89600 Saint-Florentin.
10/07/2001	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Auxerre B 426420162 RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. à conseil d'administration. Capital : 24 433 200 F. Adresse : Z.I. Sud, La Saunière, Cheu 89600 Saint-Florentin Nouvelle situation du siège social. Capital : 15 000 000 d'euros Etablissement principal: Activité : industrie de tubes. Adresse : Z.I. Sud, La Saunière, Cheu 89600 Saint-Florentin. Date d'effet : 1 e r janvier 2001.
23/07/2000	Bodacc B	Modifications et mutations diverses
RCS Auxerre B 426420162 RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. à conseil d'administration. Capital : 24 433 200 F. Adresse du siège social : Z.I. Sud La Saunière, Chéu 89600 Saint- Florentin. Administration : président du conseil d'administration : LE TYRANT ( Jean-Louis). Administrateurs : LE TYRANT (Jean-Louis) VALTUBES FABRE ( François, Marius, Camille, Jean) REDIG (Henri, Albert, Edouard, Antoine) TERNEYRE (Gérard, Michel) BRECHETEAU ( Jean, Robert, André) PROUHEZE (Jean- Claude). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : SCHEIDECKER (Francis). Ancien administrateur : MILLERON (Pierre, François) Etablissement principal: Activité : industrie de tubes. Adresse : Z. I. Sud La Saunière, Chéu 89600 Saint- Florentin. Date d'effet : 9 février 2000.
24/10/1999	Bodacc B	Modifications et mutations diverses
RCS Auxerre B 426420162 RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. à conseil d'administration. Capital : 24 433 200 F. Adresse du siège social : Z.I. Sud La Saunière, Cheu 89600 Saint- Florentin. Administration : président du conseil d'administration : LE TYRANT ( Jean-Louis). Administrateurs : LE TYRANT (Jean-Louis) VALTUBES FABRE ( François, Marius, Camille, Jean) REDIG (Henri, Albert, Edouard, Antoine) TERNEYRE (Gérard, Michel) BRECHETEAU ( Jean, Robert, André) PROUHEZE (Jean- Claude) MILLERON (Pierre, François). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : SCHEIDECKER ( Francis). Ancien commissaire aux comptes suppléant : PERRIGOT (Yves) Etablissement principal: Activité : industrie de tubes. Adresse : Z.I. Sud La Saunière, Cheu 89600 Saint-Florentin. Date d'effet : 6 mars 1996.
29/09/1999	Bodacc B	Modifications et mutations diverses
RCS Auxerre B 426420162 RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. à conseil d'administration. Capital : 24 433 200 F. Adresse du siège social : Z.I. Sud, La Saunière, Cheu 89600 Saint- Florentin. Administration : président du conseil d'administration : LE TYRANT ( Jean-Louis). Administrateurs : LE TYRANT (Jean-Louis) VALTUBES FABRE ( François, Marius, Camille, Jean) REDIG (Henri, Albert, Edouard, Antoine) TERNEYRE (Gérard, Michel) BRECHETEAU ( Jean, Robert, André) PROUHEZE (Jean- Claude). Nouvel administrateur : MILLERON (Pierre-François). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaires aux comptes suppléants : PERRIGOT (Yves) SCHEIDECKER (Francis). Ancien administrateur : SERIN (Bernard, Louis, Joseph) Etablissement principal: Activité : industrie de tubes. Adresse : Z. I. Sud, La Saunière, Cheu 89600 Saint- Florentin. Date d'effet : 16 février 1999.
22/09/1999	Bodacc B	Modifications et mutations diverses
RCS Auxerre B 426420162 RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. à conseil d'administration. Capital : 24 433 200 F. Adresse du siège social : Z.I. Sud, La Saunière, Cheu 89600 Saint- Florentin. Administration : président du conseil d'administration : LE TYRANT ( Jean-Louis). Administrateurs : LE TYRANT (Jean-Louis) VALTUBES FABRE ( François, Marius, Camille, Jean) DE KERLAND (Eddy, Marie, Alain) REDIG ( Henri, Albert, Edouard, Antoine) CHABANIER (Jacques) BRECHETEAU (Jean, Robert, André). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaires aux comptes suppléants : PERRIGOT (Yves) SCHEIDECKER (Francis). Ancien commissaire aux comptes titulaire : BRACIEUX (Jean, Laurent) Etablissement principal: Activité : industrie de tubes. Adresse : Z.I. Sud, La Saunière, Cheu 89600 Saint-Florentin. Date d'effet : 6 mars 1996.
22/09/1999	Bodacc B	Modifications et mutations diverses
RCS Auxerre B 426420162 RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. à conseil d'administration. Capital : 24 433 200 F. Adresse du siège social : Z.I. Sud, La Saunière, Cheu 89600 Saint- Florentin. Administration : président du conseil d'administration : LE TYRANT ( Jean-Louis). Administrateurs : LE TYRANT (Jean-Louis) VALTUBES FABRE ( François, Marius, Camille, Jean) REDIG (Henri, Albert, Edouard, Antoine) TERNEYRE (Gérard, Michel) BRECHETEAU ( Jean, Robert, André) SERIN (Bernard, Louis, Joseph) PROUHEZE (Jean-Claude). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaires aux comptes suppléants : PERRIGOT (Yves) SCHEIDECKER (Francis). Anciens administrateurs : CHABANIER ( Jacques) DE KERLAND (Eddy, Marie, Alain) Etablissement principal: Activité : industrie de tubes. Adresse : Z. I. Sud, La Saunière, Cheu 89600 Saint- Florentin. Date d'effet : 17 février 1998 (régularisation).
09/03/1995	Bodacc B	Modifications et mutations diverses
RCS o. RCS Auxerre B 426 420 162 RC RC 64-B 16 VALLOUREC PRECISION ETIRAGE. Forme : S.A. à conseil d'administration. Capital : 24 433 200 F. Adresse du siège social : Z.I. Sud La Saunière Cheu 89600 Saint-Florentin. Administration : président du conseil d'administration et administrateur : LE TYRANT (Jean- Louis) Administrateurs : VALTUBES FABRE (François, Marius, Camille, Jean) DE KERLAND (Eddy, Marie, Alain) REDIG (Henri, Albert, Edouard, Antoine) CHABANIER (Jacques). Nouvel administrateur : BRECHETEAU (Jean, Robert, André). Commissaires aux comptes titulaires : BRACIEUX (Jean, Laurent) BARBIER FRINAULT ET AUTRES. Commissaires aux comptes suppléants : PERRIGOT (Yves) SCHEIDECKER (Francis). Ancien commissaire aux comptes titulaire : FRINAULT FIDUCIAIRE. Ancien commissaire aux comptes suppléant : HERLY (Claude) Etablissement principal: Activité : industrie de tubes. Adresse : Z. I. Sud La Saunière Cheu 89600 Saint- Florentin Date de début d'activité: 28 décembre 1963. Date d'effet : 13 juin 1994.
09/02/1995	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS RCS Auxerre B 426 420 162 VALLOUREC PRECISION ETIRAGE. Forme : S.A. Capital : 27 123 000 F. Adresse : zone industrielle Sud, La Saunière 89600 Cheu Nouvelle situation du siège social. Capital : 24 433 200 F. Date d'effet : 8 mars 1994 ( régularisation).

Directors

Shareholder(s)

Name	SALZGITTER MANNESMANN PRECISION GMBH
Name of representative
Manager position	President	Date of birth
Place of birth
Type	Moral person	Name at birth

Name	M. PIERROT JEAN-MICHEL JACQUES NICOLAS
Manager position	Managing director	Date of birth	11/05/1968
Place of birth	SOISSONS (02200)
Type	Individual	Name at birth

Previous Directors

Manager position

Title and name

Date of Birth/Place of Birth

President

M BERTRAND CANTEGRIT

- - -

President

M HUBERT GUY MARIE JOSEPH PARIS

9/14/1962 - 44 NANTES

President

M HUBERT GUY MARIE JOSEPH PARIS

9/14/1962 - NANTES (44000)

President

M HUBERT GUY MARIE JOSEPH PARIS

9/14/1962 - 44 NANTES

President

M HUBERT PARIS

9/14/1962 - NANTES

Managing director

M PATRICK, YVES, MARIE DELCOURT

10/11/1962 - VERSAILLES (78000)

Managing director

M NICOLAS, MICHEL, LOUIS, DANIEL GUILLET

12/22/1970 - NANTES (44000)

Managing director

M MARTIN KIESSLING

8/16/1965 - DORTMUND(ALLEMAGNE)

Managing director

M MARTIN KIESSLING

8/16/1965 - DORTMUND(ALLEMAGNE)

Managing director

M MARTIN KIESSLINS

8/16/1965 - DORTMUND ALLEMAGNE

Administrator

M ABDERRAZAK BENYAHIA

10/17/1945 - TUNIS TUNISIE

Administrator

M ETIENNE BERTRAND

9/13/1955- -

Administrator

M MICHAEL BLANK

7/24/1948 - BERLIN ALLEMAGNE

Administrator

M ALAIN DIEULIN

2/4/1953 - BAR LE DUC

Administrator

M MICHAEL RAINER DR BLANK

7/24/1948 - BERLIN(ALLEMAGNE)

Administrator

M MICHAEL RAINER DR BLANK

7/24/1948 - BERLIN(ALLEMAGNE)

Administrator

M MICHAEL DR BLANK

7/24/1948 - BERLIN ALLEMAGNE

Administrator

M WOLFGANG EGING

5/23/1949 - OBERHAUSEN(ALLEMAGNE)

Administrator

M WOLFGANG EGING

5/23/1949 - OBERHAUSEN ALLEMAGNE

Administrator

M WOLFGANG EGING

5/23/1949 - OBERHAUSEN(ALLEMAGNE)

Administrator

M FRANCOIS FABRE

8/18/1941 - BORDEAUX

Administrator

M MARTIN KIESSLING

8/16/1965 - DORTMUND(ALLEMAGNE)

Administrator

M FRIEDRICH ERNST ROGER MENNEKING

4/20/1966 - DUISBURG(ALLEMAGNE)

Administrator

M JEAN-PIERRE MICHEL

5/17/1955 - CASTELSARRASIN

Administrator

M GEORG MICHELS

8/16/1956 - HANOVRE ALLEMAGNE

Administrator

M HUBERT GUY MARIE JOSEPH PARIS

9/14/1962 - 44 NANTES

Administrator

M HUBERT GUY MARIE JOSEPH PARIS

9/14/1962 - NANTES (44000)

Administrator

M HUBERT GUY MARIE JOSEPH PARIS

9/14/1962 - 44 NANTES

Administrator

M HUBERT PARIS

9/14/1962 - NANTES

Administrator

M CHRISTOPH PRASSER

9/6/1951 - HERNE ALLEMAGNE

Administrator

M MARTIN RESCH

11/15/1966 - THALMASSING(ALLEMAGNE)

Managing director

M PATRICK, YVES, MARIE DELCOURT

10/11/1962 - VERSAILLES (78000)

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.06
UK Pound	1	Rs.101.84
Euro	1	Rs.81.56

INFORMATION DETAILS

Analysis Done by :	SUB
Report Prepared by :	SDA

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.