MIRA INFORM REPORT

Report Date :

15.12.2014

IDENTIFICATION DETAILS

Name :	YOU INDUSTRIE
Registered Office :	2 Rue Henri Francois 77330 Ozoir La Ferriere
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	May 1977
Com. Reg. No.:	7 552 064 305
Legal Form :	PLC with management board
Line of Business :	Subject is engaged in industrial mechanics
No. of Employees :	10 to 19

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 :	Slow but correct
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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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 and address

Name	YOU INDUSTRIE

Personal comment

company summary

		EUR VAT Number	FR86552064305
Activity (APE)	Subject is engaged in industrial mechanics	Legal form	Plc with management board
Phone	01 78 48 40 00	RCS Registration	RCS Melun 7 552 064 305
Fax		Share capital	135,000 Euros
Address	YOU INDUSTRIE 2 RUE HENRI FRANCOIS 77330 OZOIR LA FERRIERE	Incorporated Date	05/1977
Nationality	France	Status	Economically active

Payment Information Summary - Trade Payment Data
Total number of Invoices available	2
Total number of Invoices paid within or up to 30 days after the due date	0
Total number of Invoices paid more than 30 days after the due date	2
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

Current Directors

2

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	1,792,669 €	2,157,293 €	2,302,541 €
Gross Operating Surplus	13.55 % Turnover	4.36 % Turnover	11.13 % Turnover
Shareholders’ equity	354,683 €	357,383 €	559,992 €
Net result	-2,700 €	-202,608 €	39,123 €
Employees	10 to 19 employees	-	-

Trends
Profitability
Liquidity
Net worth

Company details

Activity (APE)	Subject is engaged in industrial mechanics
RCS Registration	RCS Melun 7 552 064 305	Share capital	135,000 Euros
Registration Court	Melun (77)	Legal form	Plc with management board
Court Registry Number	19 7 7B00126	EUR VAT Number	FR86552064305
Incorporation Date	05/1977	Formation Date	01/1977
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Establishment details

Activity (APE)	Subject is engaged in industrial mechanics	Business Pages FT®	MECANIQUE ET OUTILLAGE DE PRECISION
Postal Address	YOU INDUSTRIE 2 RUE HENRI FRANCOIS 77330 OZOIR LA FERRIERE	Trading Address	2 RUE HENRI FRANCOIS 77330 OZOIR LA FERRIERE
Telephone	01 78 48 40 00
Fax

Type	Head office	Status	Economically active
Formation Date	03/2008	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Seine-et-Marne (77)	Region	Ile-de-France
District		Area
City	OZOIR LA FERRIERE	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> YOU INDUSTRIE <<<  - Mécanique industrielle (2562B)  in OZOIR LA FERRIERE  (77330)
Secondary establishments	>  YOU INDUSTRIE  - Mécanique industrielle (2562B)  in TOURNAN EN BRIE  (77220)

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

10 to 19 employees

Company workforce

10 to 19 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2013	31/12/2012	31/12/2011
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	25/09/2014	20/11/2013	13/04/2013
Activity Code	2562B	2562B	2562B
Employees	0	18	0

Active account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	882,044	-18.4%	1,080,437	-14.1%	1,258,510	86,435	920.5%
- Intangible assets	6,724	-4.5%	7,044	-4.3%	7,364	2,714	147.8%
- Tangible assets	806,712	-19.7%	1,004,785	-15.0%	1,182,538	53,581.50	1405.6%
- Financial assets	68,608	0%	68,608	0%	68,608	2,097	3171.7%
Net current assets	1,189,649	37.6%	864,548	-21.6%	1,103,202	353,381.50	236.6%
- Stocks	216,397	-33.6%	325,687	-21.6%	415,220	23,022	840.0%
- Advanced payments	0	37.6%	0	0%	0	0	0%
- Receivables	950,374	76.4%	538,861	-20.1%	674,811	178,661	431.9%
- Securities and cash	22,878	0%	0	0%	13,171	69,476	-67.1%
- Prepaid expenses	-	-	-	-	-	742.50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	2,071,692	6.5%	1,944,984	-17.6%	2,361,712	469,078.50	341.7%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Shareholders' equity	354,683	-0.8%	357,383	-36.2%	559,992	186,073.50	90.6%
Share capital	135,000	0%	135,000	0%	135,000	38,000	255.3%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	150,239	103.5%	73,842	0%	0	0	0%
Liabilities	1,566,771	3.5%	1,513,759	-16.0%	1,801,722	237,169.50	560.6%
- Financial liabilities	651,733	-31.9%	956,804	-15.0%	1,126,275	52,235	1147.7%
- Advanced payments received	0	0%	35,112	261.0%	9,726	0	0%
- Trade account payables	240,497	-21.3%	305,596	-28.4%	426,551	57,174.50	320.6%
- Tax and social liabilities	249,906	15.6%	216,247	-3.8%	224,686	98,265	154.3%
- Other debts and fixed assets liabilities	424,635	0%	0	0%	14,484	1,475	28688.8%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	2,071,692	6.5%	1,944,984	-17.6%	2,361,712	469,078.50	341.7%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Sales of Goods	1,855,919	-10.9%	2,083,390	-15.5%	2,466,379	743,018	149.8%
Net turnover	1,792,669	-16.9%	2,157,293	-6.3%	2,302,541	728,151.50	146.2%
- of which net export turnover	107,002	0%	0	0%	0	0	0%
Operating charges	1,815,636	-16.6%	2,177,562	-8.1%	2,368,821	708,113	156.4%
Operating profit/loss	40,283	142.8%	-94,172	-196.5%	97,558	27,795	44.9%
Financial income	0	0%	11	0%	0	114	0%
Financial charges	40,588	27.6%	31,809	-29.7%	45,258	2,136	1800.2%
Financial profit/loss	-40,588	-27.6%	-31,798	29.7%	-45,258	-968	-4093.0%
Pretax net operating income	-305	99.8%	-125,970	-340.9%	52,300	25,241	-101.2%
Extraordinary income	1,254	508.7%	206	-54.5%	453	714	75.6%
Extraordinary charges	3,647	-95.3%	76,844	1213.8%	5,849	319.50	1041.5%
Extraordinary profit/loss	-2,393	96.9%	-76,638	-1320.3%	-5,396	0	0%
Net result	-2,700	98.7%	-202,608	-617.9%	39,123	25,132.50	-110.7%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2013	31/12/2012	31/12/2011
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2013		31/12/2012		31/12/2011
	Grand Total (I to VI)	Net	2,071,692	6.5%	1,944,984	-17.6%	2,361,712
	Gross	CO	3,266,729	11.4%	2,933,285	-6.6%	3,142,048
	Amortisation	1A	1,195,037	20.9%	988,301	26.7%	780,336

Non declared distributed capital (I)

		31/12/2013		31/12/2012		31/12/2011
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2013		31/12/2012		31/12/2011
	Total Active fixed asset (II)	Net	882,044	-18.4%	1,080,437	-14.1%	1,258,510
	Gross	BJ	2,051,795	-0.3%	2,058,818	1.0%	2,038,846
	Amortisation	BK	1,169,751	19.6%	978,381	25.4%	780,336

Intangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	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	6,724	-4.5%	7,044	-4.3%	7,364
	Gross	AF	21,067	0%	21,067	0%	21,067
	Amortisation	AG	14,343	2.3%	14,023	2.3%	13,703
	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	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	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	6,724	-4.5%	7,044	-4.3%	7,364

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	742,523	-19.5%	922,665	-15.1%	1,086,542
	Gross	AR	1,784,403	0%	1,784,403	0.8%	1,770,100
	Amortisation	AS	1,041,880	20.9%	861,738	26.1%	683,558
	Other tangible fixed assets	Net	64,189	-21.8%	82,120	-14.5%	95,996
	Gross	AT	177,717	-3.8%	184,740	3.2%	179,071
	Amortisation	AU	113,528	10.6%	102,620	23.5%	83,075
	Fixed assets in construction	Net	0	0%	0	0%	0
	Gross	AV	0	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	806,712		1,004,785		1,182,538

Financial assets

			31/12/2013		31/12/2012		31/12/2011
	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%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	68,608	0%	68,608	0%	68,608
	Gross	BH	68,608	0%	68,608	0%	68,608
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		68,608		68,608		68,608

Current Assets (III)

			31/12/2013		31/12/2012		31/12/2011
	Total Assets	Net	1,189,649	37.6%	864,548	-21.6%	1,103,202
	Gross	CJ	1,214,935	38.9%	874,468	-20.7%	1,103,202
	Amortisation	CK	25,286	154.9%	9,920	0%	0

Stocks

			31/12/2013		31/12/2012		31/12/2011
	Raw materials	Net	25,128	-62.5%	66,962	19.0%	56,254
	Gross	BL	25,128	-62.5%	66,962	19.0%	56,254
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	158,670	-17.4%	192,160	-38.0%	310,076
	Gross	BN	158,670	-17.4%	192,160	-38.0%	310,076
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	32,599	-51.0%	66,565	36.2%	48,890
	Gross	BR	57,885	-13.0%	66,565	36.2%	48,890
	Amortisation	BS	25,286	0%	0	0%	0
	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	216,397	-33.6%	325,687	-21.6%	415,220

Advance payments to suppliers

			31/12/2013		31/12/2012		31/12/2011
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2013		31/12/2012		31/12/2011
	Trade accounts receivable	Net	758,091	51.5%	500,413	-23.8%	656,986
	Gross	BX	758,091	48.5%	510,333	-22.3%	656,986
	Amortisation	BY	0	0%	9,920	0%	0
	Other debtors	Net	182,140	671.6%	23,607	32.4%	17,825
	Gross	BZ	182,140	671.6%	23,607	32.4%	17,825
	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	940,231	79.4%	524,020	-22.3%	674,811

Divers

			31/12/2013		31/12/2012		31/12/2011
	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	22,878	0%	0	0%	13,171
	Gross	CF	22,878	0%	0	0%	13,171
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	22,878	0%	0	0%	13,171

Prepaid expenses

			31/12/2013		31/12/2012		31/12/2011
	Prepaid expenses	Net	10,143	-31.7%	14,841	0%	0
	Gross	CH	10,143	-31.7%	14,841	0%	0
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2013		31/12/2012		31/12/2011
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	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
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)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to V)	EE	2,071,692	6.5%	1,944,984	-17.6%	2,361,712

Shareholder Equity (I)

			31/12/2013		31/12/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	354,683	-0.8%	357,383	-36.2%	559,992
	Equity and shareholders' equity	DA	135,000	0%	135,000	0%	135,000
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	13,500	0%	13,500	0%	13,500
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	247,007	0%	247,007	0%	247,007
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-38,124	-123.2%	164,484	31.2%	125,362
	Profit or loss for the period	DI	-2,700	98.7%	-202,608	-617.9%	39,123
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Total provisions for risks and charges (Total III)	DR	150,239	103.5%	73,842	0%	0
	Risk provisions	DP	132,410	79.3%	73,842	0%	0
	Reserves for charges	DQ	17,829	0%	0	0%	0

Liabilities (IV)

			31/12/2013		31/12/2012		31/12/2011
	Total Liabilities (Total IV)	EC	1,566,771	3.5%	1,513,759	-16.0%	1,801,722
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	302,980	-59.3%	744,353	-22.0%	954,125
	Sundry loans and financial liabilities	DV	348,753	64.2%	212,451	23.4%	172,150
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	35,112	261.0%	9,726
	Trade accounts payables	DX	240,497	-21.3%	305,596	-28.4%	426,551
	Tax and social security liabilities	DY	249,906	15.6%	216,247	-3.8%	224,686
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	424,635	0%	0	0%	14,484

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
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)

		31/12/2013		31/12/2012		31/12/2011
Operating result (Total I-II)	GG	40,283	142.8%	-94,172	-196.5%	97,558

2 - Financial result (V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	-40,588	-27.6%	-31,798	29.7%	-45,258

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

		31/12/2013		31/12/2012		31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-305	99.8%	-125,970	-340.9%	52,300

4 - Extraordinary result (VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	-2,393	96.9%	-76,638	-1320.3%	-5,396

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	-2,700	98.7%	-202,608	-617.9%	39,123

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	1,857,173	-10.9%	2,083,607	-15.5%	2,466,832

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

		31/12/2013		31/12/2012		31/12/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	1,859,871	-18.6%	2,286,215	-5.8%	2,427,711

Operating income (I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	1,855,919	-10.9%	2,083,390	-15.5%	2,466,379

Operating income (details)

			31/12/2013		31/12/2012		31/12/2011
	Sale of goods for resale	FC	0	0%	0	0%	0
	France	FA	0	0%	0	0%	0
	Export	FB	0	0%	0	0%	0
	Sale of goods produced	FF	846,228	-40.1%	1,413,708	5.9%	1,335,359
	France	FD	772,028	-45.4%	1,413,708	5.9%	1,335,359
	Export	FE	74,200	0%	0	0%	0
	Sale of services	FI	946,441	27.3%	743,585	-23.1%	967,182
	France	FG	913,639	22.9%	743,585	-23.1%	967,182
	Export	FH	32,802	0%	0	0%	0
	Net turnover	FL	1,792,669	-16.9%	2,157,293	-6.3%	2,302,541
	France	FJ	1,685,667	-21.9%	2,157,293	-6.3%	2,302,541
	Export	FK	107,002	0%	0	0%	0
	Stocked production	FM	-42,169	57.9%	-100,242	-178.6%	127,526
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	-833
	Release of reserves and provisions	FP	105,418	308.5%	25,809	-30.5%	37,142
	Other income	FQ	01	-99.8%	530	17566.7%	03

Operating charges (II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	1,815,636	-16.6%	2,177,562	-8.1%	2,368,821

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	183,144	-53.2%	391,603	-28.2%	545,409
Change in stocks of raw materials	FV	41,834	490.7%	-10,708	13.5%	-12,375
Other external purchases and charges	FW	481,733	-36.0%	753,076	-7.7%	815,920
Tax, duty and similar payments	FX	46,514	-15.1%	54,793	112.2%	25,817
Payroll	FY	567,053	0.6%	563,809	-2.8%	580,249
Social security costs	FZ	187,248	-11.0%	210,423	-3.4%	217,865

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	198,394	0.2%	198,045	4.9%	188,876
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	25,286	154.9%	9,920	0%	0
Provisions for risks and charges	GD	77,829	0%	0	0%	0

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	6,601	0%	6,601	-6.5%	7,060

Operating charges (III-IV)

		31/12/2013		31/12/2012		31/12/2011
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)

			31/12/2013		31/12/2012		31/12/2011
	Total financial income (Total V)	GP	0	0%	11	0%	0
	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	0	0%	0	0%	0
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	11	0%	0

Financial Charge (VI)

			31/12/2013		31/12/2012		31/12/2011
	Total financial charge (Total VI)	GU	40,588	27.6%	31,809	-29.7%	45,258
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	40,588	27.6%	31,809	-29.7%	45,258
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary income (Total VII)	HD	1,254	508.7%	206	-54.5%	453
	Extraordinary operating income	HA	0	0%	206	-54.5%	453
	Extraordinary income from capital transactions	HB	1,254	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary charges (Total VIII)	HH	3,647	-95.3%	76,844	1213.8%	5,849
	Extraordinary operating charges	HE	3,647	-17.7%	4,434	-24.2%	5,849
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	72,410	0%	0

Employee profit sharing (IX)

		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	0	0%	0	0%	7,783

References

		31/12/2013		31/12/2012		31/12/2011
Of which equipment leases	HP	0	0%	0	0%	0
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)

			31/12/2013		31/12/2012		31/12/2011
	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%	0
	Decreasess by transfers	OK2	0	0%	0	0%	0
	Gross value at the end of period	OL	0	0%	0	0%	0

Research and development Charge (Total I)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	KD	0	0%	0	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	0	0%	0	0%	0

Tangible fixed assets (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LN	0	0%	0	0%	0
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	0	0%	0	0%	0

Fiancial assets (Total IV)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LQ	0	0%	0	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	0	0%	0	0%	0

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

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	0
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0	0%	0

Total fixed assets amotisation (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	0	0%	0	0%	0
Increases		QV	0	0%	0	0%	0
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	0	0%	0	0%	0

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2013		31/12/2012		31/12/2011
	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

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7C	9,920	0%	0	0%	0
Increases		UB	25,286	0%	0	0%	0
Decreases		UC	9,920	0%	9,920	0%	0
	Value at the end of period	UD	25,286	354.9%	-9,920	0%	0

Includes Total allocations

Operating	UE	0	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7B	9,920	0%	0	0%	0
Increases		TY	25,286	0%	0	0%	0
Decreases		TZ	9,920	0%	9,920	0%	0
	Value at the end of period	UA	25,286	354.9%	-9,920	0%	0

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

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	1,018,982	65.0%	617,388	-18.4%	756,590
1 year at most	VU	950,374	73.2%	548,780	-20.2%	687,982
More than one year	VV	68,608	0%	68,608	0%	68,608

State of loans

		31/12/2013		31/12/2012		31/12/2011
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%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	68,608	0%	68,608	0%	68,608
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2013		31/12/2012		31/12/2011
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
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%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	950,374	0%	0	0%	687,982

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	0	0%	548,780	0%	0

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	1,566,770	6.0%	1,478,647	-17.5%	1,791,995
1 year at most		VZ2	1,368,095	15.8%	1,181,341	-8.5%	1,291,375
More than 1 year and 5 years at most		VZ3	198,675	-33.2%	297,306	-36.5%	468,011
More than 5 years		VZ4	0	0%	0	0%	32,609

Details

			31/12/2013		31/12/2012		31/12/2011
	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	302,980	-59.3%	744,353	-22.0%	954,125
1 year at most		VG2	104,305	-76.7%	447,047	-1.4%	453,505
More than 1 year and 5 years at most		VG3	198,675	-33.2%	297,306	-36.5%	468,011
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	348,753	64.2%	212,451	23.4%	172,150
1 year at most		8A2	348,753	64.2%	212,451	23.4%	172,150
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	240,497	-21.3%	305,596	-28.4%	426,551
1 year at most		8B2	240,497	-21.3%	305,596	-28.4%	426,551
More than 1 year and 5 years at most		8B3	240,497	-21.3%	305,596	-28.4%	426,551
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	249,906	15.6%	216,248	-3.8%	224,686
1 year at most		8D2	249,906	15.6%	216,248	-3.8%	224,686
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
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%	0
1 year at most		VQ2	0	0%	0	0%	0
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%	0
1 year at most		8J2	0	0%	0	0%	0
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	424,635	0%	0	0%	14,484
1 year at most		8K2	424,635	0%	0	0%	14,484
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

		31/12/2013		31/12/2012		31/12/2011
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2013		31/12/2012		31/12/2011
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2013		31/12/2012		31/12/2011
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2013		31/12/2012		31/12/2011
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/12/2013		31/12/2012		31/12/2011
Average number of employees	YP	0	0%	18	0%	0

Groups and Shareholders

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Fixed Asset Financing		1.13	-1.7%	1.15	-5.0%	1.21	1.51	-25.2%
Global Debt		315 days	24.5%	253 days	-10.3%	282 days	116 days	171.6%
Working Capital Fund overall net		55 days	7.8%	51 days	-23.9%	67 days	84 days	-34.5%
Financial independence		54.42%	45.7%	37.35%	-24.9%	49.72%	237.68%	-77.1%
More ratios
Solvability		17.12%	-6.8%	18.37%	-22.5%	23.71%	45.17%	-62.1%
Capacity debt futures		70.70%	106.1%	34.31%	-14.9%	40.30%	1104.31%	-93.6%
Coverage of current assets by net working capital overall		22.79%	-36.3%	35.78%	-7.7%	38.77%	48.98%	-53.5%
General Liquidity		0.69	50.0%	0.46	-13.2%	0.53	0.89	-22.5%
Restricted Liquidity		0.71	54.3%	0.46	-14.8%	0.54	1.40	-49.3%

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Need background in operating working capital		49 days	0%	49 days	-24.6%	65 days	30 days	63.3%
Treasury		5 days	0%	0 days	0%	2 days	25 days	-80.0%
Inventory turnover of goods		days	-	days	-	days	0 days	-
Average length of credit granted to customers		152 days	78.8%	85 days	-17.5%	103 days	72 days	111.1%
Average length of credit obtained suppliers		123 days	26.8%	97 days	-14.9%	114 days	58 days	112.1%
More ratios
Inventory turnover of raw materials in industrial enterprises		49 days	-21.0%	62 days	67.6%	37 days	41 days	19.5%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	266 days	-
Rotation tangible assets		%	-	%	-	%	270.58%	-

Profitability of the business

		31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Margin trading		0%	0%	0%	0%	0	0%	0%
Profitability of the business		13.55	210.8%	4.36	-60.8%	11.13	6.95%	95.0%
Net profit		-0.15%	98.4%	-9.39%	-652.4%	1.70%	3.56%	-104.2%
More ratios
Growth rate of turnover (excluding VAT)		-16.90%	-167.8%	-6.31%	-159.7%	10.57%	0%	0%
Rates integration		58.23%	36.1%	42.79%	-8.9%	46.95%	52.33%	11.3%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		72.27%	-13.8%	83.87%	13.6%	73.82%	82%	-11.9%
Weight interests		2.26	53.7%	1.47%	-25.4%	1.97%	0.31%	629.0%

Return on capital

		31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Cash flow from the overall profitability		10.85%	244.4%	3.15%	-68.2%	9.90%	6.51%	66.7%
Rates of economic profitability		24%	242.9%	7%	-53.3%	15%	18%	33.3%
Financial profitability		354683%	-0.8%	357383%	-36.2%	559992%	175969%	101.6%
Return on investment		3.76%	128.9%	-13%	-360.0%	5%	10.84%	-65.3%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Turnover	1,792,669	-16.9%	2,157,293	-6.3%	2,302,541	728,152 €	146.2%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	0	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	0 €	0%	0 €	0 €	0%
	0.00 % CA	0%	0.00 % CA	0%	0.00 % CA	0 % CA	0%

Sale of goods produced	1,792,669	-16.9%	2,157,293	-6.3%	2,302,541
+/- Stocked production	-42,169	57.9%	-100,242	-178.6%	127,526
+ Self-constructed assets	0	0%	0	0%	0
Period production	1,750,500 €	-14.9%	2,057,051 €	-15.4%	2,430,067 €	694,123.50 €	152.2%
	97.65 % CA	2.4%	95.35 % CA	-9.7%	105.54 % CA	100 % CA	-2.4%

Trading margin	0	0%	0	0%	0	0	0%
+ Period Production	1,750,500	-14.9%	2,057,051	-15.4%	2,430,067	694,123.50	152.2%
- Purchase of raw materials	183,144	-53.2%	391,603	-28.2%	545,409
+/- Change in stocks of raw materiels	41,834	490.7%	-10,708	13.5%	-12,375
- Other external purchases and charges	481,733	-36.0%	753,076	-7.7%	815,920
Added value	1,043,789 €	13.1%	923,080 €	-14.6%	1,081,113 €	386,532.50 €	170.0%
	58.23 % CA	36.1%	42.79 % CA	-8.9%	46.95 % CA	52.33 % CA	11.3%

Added value	1,043,789 €	13.1%	923,080 €	-14.6%	1,081,113 €	386,532.50 €	170.0%
+ Operating grants	0	0%	0	0%	-833
- Tax, duty and similar payments	46,514	-15.1%	54,793	112.2%	25,817
- Personal charges	754,301	-2.6%	774,232	-3.0%	798,114
Gross operating surplus	242,974 €	158.3%	94,055 €	-63.3%	256,349 €	43,396 €	459.9%
	13.55 % CA	210.8%	4.36 % CA	-60.8%	11.13 % CA	6.95 % CA	95.0%

Gross operating surplus	242,974 €	158.3%	94,055 €	-63.3%	256,349 €	43,396 €	459.9%
+ Release of reserves and provisions	105,418	308.5%	25,809	-30.5%	37,142
+ Other operating income	01	-99.8%	530	17566.7%	03
- Depreciation/Amortisation	301,509	45.0%	207,965	10.1%	188,876
- Other charges	6,601	0%	6,601	-6.5%	7,060
Operating result	40,283 €	142.8%	-94,172 €	-196.5%	97,558 €	27,794.50 €	44.9%
	2.25 % CA	151.5%	-4.37 % CA	-203.1%	4.24 % CA	4.25 % CA	-47.1%

Operating result	40,283 €	142.8%	-94,172 €	-196.5%	97,558 €	27,794.50 €	44.9%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	0	0%	11	0%	0
- Financial charges	40,588	27.6%	31,809	-29.7%	45,258
Pre-tax result	-305 €	99.8%	-125,970 €	-340.9%	52,300 €	25,241 €	-101.2%
	-0.02 % CA	99.7%	-5.84 % CA	-357.3%	2.27 % CA	3.92 % CA	-100.5%

Extraordinary income	1,254	508.7%	206	-54.5%	453	714	75.6%
- Extraordinary charges	3,647	-95.3%	76,844	1213.8%	5,849
Extraordinary result	-2,393 €	96.9%	-76,638 €	-1320.3%	-5,396 €	0 €	0%
	-0.13 % CA	96.3%	-3.55 % CA	-1443.5%	0 % CA	0 % CA	0%

Pre-tax result	-305 €	99.8%	-125,970 €	-340.9%	52,300 €	25,241 €	-101.2%
Extraordinary result	-2,393 €	96.9%	-76,638 €	-1320.3%	-5,396 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	0	0%	0	0%	7,783
Net result	-2,698 €	98.7%	-202,608 €	-617.9%	39,121 €	25,134.50 €	-110.7%
	-0.15 % CA	98.4%	-9.39 % CA	-652.4%	1.70 % CA	3.56 % CA	-104.2%

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	28/12/2010
Status of Monitoring	No social security and tax office preferential right to date

Group data

Group Structure

No group information available for the company

Shareholders

No Shareholders available for this company

Linkages

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
27/11/2014	JAL	Resignation / Revocation of the social representative
Parisien (Le) /Edition de Seine et Marne Sud Date de décision : 27/06/2014 La société 552064305 - YOU INDUSTRIE, 2 RUE HENRI FRANCOIS, 77330 OZOIR LA FERRIERE Fait l'objet du départ de Madame Laurence De charette de la Contrie, De Monsieur Cédric Tixier
27/11/2014	JAL	Appointment of the social representative
Parisien (Le) /Edition de Seine et Marne Sud Date de décision : 27/06/2014 Société faisant l'objet d'une nomination : 552064305 - YOU INDUSTRIE, 2 RUE HENRI FRANCOIS, 77330 OZOIR LA FERRIERE Nominé : Monsieur Olivier Ghisdal, B7604 CALLENELLE En la fonction de : Membre du Conseil de Surveillance
04/10/2014	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 8133 - 552064305 RCS. YOU INDUSTRIE. Forme : Société anonyme à directoire et conseil de surveillance. Adresse : 2 rue Henri François 77330 Ozoir-la-Ferrière. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
03/12/2013	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 7322 - 552064305 RCS. YOU INDUSTRIE. Forme : Société anonyme à directoire et conseil de surveillance. Adresse : 2 rue Henri François 77330 Ozoir-la-Ferrière. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
29/04/2013	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 9468 - 552064305 RCS. YOU INDUSTRIE. Forme : Société anonyme à directoire et conseil de surveillance. Adresse : 2 rue Henri François 77330 Ozoir-la-Ferrière. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
13/02/2012	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 10540 - 552064305 RCS. YOU INDUSTRIE. Forme : Société anonyme à directoire. Adresse : 2 rue Henri Francois 77330 Ozoir-la-Ferrière. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
21/12/2010	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 13006 - 552064305 RCS. YOU INDUSTRIE. Forme : Société anonyme à directoire. Adresse : 2 rue Henri Francois 77330 Ozoir-la-Ferrière. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
28/01/2010	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 10167 - 552064305 RCS. YOU INDUSTRIE. Forme : Société anonyme à directoire. Adresse : 2 rue Henri François 77330 Ozoir-la-Ferrière. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
12/12/2008	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 5941 - 552064305 RCS. YOU INDUSTRIE. Forme : Société anonyme à directoire et conseil de surveillance. Adresse : 2 rue Henri François 77330 Ozoir-la-Ferrière. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
22/05/2008	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 1805 - 552 064 305 RCS Melun. YOU INDUSTRIE. Forme : Société anonyme à directoire. Administration : Directeur général unique : DE LA MONNERAYE DE LA BOURDONNAYE MontluPrésident du conseil de surveillance : DE BOM VAN DRIESSCHE Olivier Christian. Vice-président du conseil de surveillance : DE CHARETTE DE LA CONTRIE Laurence Jeann. Membre du conseil de surveillance : DE BOM VAN DRIESSCHE Roger Jean François. Membre du conseil de surveillance : TIXIER Cédric Jean Marie. Membre du conseil de surveillance : DE CHARETTE DE LA CONTRIE Laurence Jeann. Commissaire aux comptes titulaire : SOUSSAN Yannick. Commissaire aux comptes suppléant : BENZAQUEN Nicolas. Capital : 135000 EUR. Activité : Mécanique générale de précision et en particulier fabrication de tous modèles de coussinets pour tous usages industriels. Fabrication reconditionnement machines industriel- les et pièces de rechange. Négoce machines industrie neuve occasion France étranger. Adresse de l’établissement principal : 2 rue Henri François, 77330 Ozoir-la-Ferrière. Adresse du siège social : 2 rue Henri François, 77330 Ozoir-la-Ferrière. Commentaires : Changement de dénomination sociale Transfert du siège et de l'établissement principal avec création. Date de commencement de l’activité : 11/04/1975. Date d’effet : 28/03/2008.
09/12/2007	Bodacc C	Avis de dépôt des comptes
9804 - 552 064 305. RCS Melun ETS YOU ET CIE. Forme: Société anonyme à directoire et conseil de surveillance. Adresse du siège social: route de Fontenay Trésigny Z.I. Eiffel 77220 Tournan-en-Brie. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
13/10/2006	Bodacc C	Avis de dépôt des comptes
4927 - RCS Melun B 552 064 305. RC 77-B 126. ETS YOU ET CIE. Forme: S.A. à directoire. . Adresse du siège social: route de Fontenay Trésigny Z.I. Eiffel,77220 Tournan-en-Brie. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
18/10/2005	Bodacc C	Avis de dépôt des comptes
4458 - RCS Melun B 552 064 305. RC 77-B 126. ETS YOU ET CIE. Forme: S.A. à directoire. . Adresse du siège social: route de Fontenay Trésigny Z.I. Eiffel,77220 Tournan-en-Brie. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
30/09/2005	Bodacc B	Modifications et mutations diverses
1415 - Ancienne situation du siège social : RCS Melun B 552 064 305. RC 77-B 126. ETABLISSEMENTS YOU ET Cie. Forme : S.A. à directoire. Capital : 41 580 euros. Adresse : Z.I. Eiffel, route de Fontenay-Trésigny, 77220 Nouvelle situation du siège social - Capital : 135 000 euros. Etablissement principal - Activité : mécanique générale de précision et en particulier, fabrication de tous modèles de coussinets pour tout usage industriel fabrication, reconditionnement de machines industrielles et de pièces de rechange. Négoce de machines industrielles, neuves ou d'occasion, tant en France qu'à l'étranger . Adresse : Z.I. Eiffel, route de Fontenay-Trésigny, 77220 Date d'effet : 30 juin 2005.
19/05/2005	Bodacc B	Modifications et mutations diverses
1883 - RCS Melun B 552 064 305. RC 77-B 126. ETABLISSEMENTS YOU ET COMPAGNIE. Forme : S.A. à directoire. Capital : 41 580 euros. Adresse du siège social : Z.I. Eiffel, route de Fontenay-Trésigny,, 77220 Administration : directeur général unique : DE LA MONNERAYE DE LA BOURDONNAYE MONTLUC (Olivier, Marie). Président du conseil de surveillance : DE BOM VAN DRIESSCHE (Olivier). Vice-président du conseil de surveillance : Mlle DE CHARETTE DE LA CONTRIE (Laurence, Jeanne, Cécile). Membres du conseil de surveillance : DE BOM VAN DRIESSCHE (Roger, Jean, François) TIXIER (Cédric, Jean, Marie) Mlle DE CHARETTE DE LA CONTRIE (Laurence, Jeanne, Cécile). Commissaire aux comptes titulaire : SOUSSAN (Yannick). Commissaire aux comptes suppléant : BENZAQUEN (Nicolas). Ancienne administration : ancien membre du conseil de surveillance : DUBOIS (Jean, Philippe, Pierre, Emile). Ancien président du conseil de surveillance : DUBOIS (Jean-Pierre). Ancien vice-président du comité de surveillance : Mme DUBOIS, née CAMINCHER (Colette). Etablissement principal - Activité : mécanique générale de précision et en particulier, fabrication de tous modèles de coussinets pour tout usage industriel fabrication, reconditionnement de machines industrielles et de pièces de rechange. Négoce de machines industrielles, neuves ou d'occasion, tant en France qu'à l'étranger . Adresse : Z.I. Eiffel, route de Fontenay-Trésigny, 77220 Date d'effet : 15 octobre 2004.
15/05/2005	Bodacc B	Modifications et mutations diverses
2751 - RCS Melun B 552 064 305. RC 77-B 126. ETS YOU ET Cie. Forme : S.A. à directoire. Capital : 41 580 euros. Adresse du siège social : Z.I. Eiffel, route de Fontenay-Trésigny,, 77220 Administration : directeur général unique : DE LA MONNERAYE DE LA BOURDONNAYE MONTLUC (Olivier, Marie). Président du conseil de surveillance : DUBOIS (Jean-Pierre). Vice-président du conseil de surveillance : Mme DUBOIS, née CAMINCHER (Colette). Membre du conseil de surveillance : DUBOIS (Jean, Philippe, Pierre, Emile). Commissaire aux comptes titulaire : SOUSSAN (Yannick). Commissaire aux comptes suppléant : BENZAQUEN (Nicolas). Ancienne administration : ancien commissaire aux comptes titulaire : BEZOMBES (Yves). Ancien commissaire aux comptes suppléant : S.A. SCOREX. Etablissement principal - Activité : mécanique générale de précision et en particulier, fabrication de tous modèles de coussinets pour tout usage industriel fabrication, reconditionnement de machines industrielles et de pièces de rechange. Négoce de machines industrielles, neuves ou d'occasion, tant en France qu'à l'étranger . Adresse : Z.I. Eiffel, route de Fontenay-Trésigny, 77220 Date d'effet : 30 septembre 2004.
26/06/2002	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Melun B 552064305 RC 77-B 126 ETABLISSEMENTS YOU ET COMPAGNIE. Forme : S.A. à conseil d'administration. Capital : 41 161,23 euros. Adresse : Z.I. Eiffel, route de Fontenay-Trésigny, 77220 Tournan-en-Brie. Administration : directeur général unique : DE LA MONNERAYE DE LA BOURDONNAYE MONTLUC ( Olivier, Marie). Président du conseil de surveillance : DUBOIS (Jean-Pierre). Vice-président du conseil de surveillance : M m e DUBOIS, née CAMINCHER (Colette). Membre du conseil de surveillance : DUBOIS (Jean, Philippe, Pierre, Emile). Commissaire aux comptes titulaire : BEZOMBES (Yves). Commissaire aux comptes suppléant : SCOREX. Ancien administrateur : CORBEL ( Yves) Nouvelle situation du siège social. Forme : S.A. à directoire. Capital : 41 580 euros Etablissement principal: Activité : mécanique générale de précision et en particulier, fabrication de tous modèles de coussinets pour tout usage industriel fabrication, reconditionnement de machines industrielles et de pièces de rechange. Négoce de machines industrielles, neuves ou d'occasion, tant en France qu'à l'étranger. Adresse : Z.I. Eiffel, route de Fontenay-Trésigny, 77220 Tournan-en-Brie. Date d'effet : 24 décembre 2001.
16/02/2000	Bodacc B	Modifications et mutations diverses
RCS Melun B 552064305 RC 77-B 126 ETABLISSEMENTS YOU ET COMPAGNIE. Forme : S.A. à conseil d'administration. Capital : 270 000 F. Adresse du siège social : Z.I. Eiffel, route de Fontenay-Trésigny, 77220 Tournan-en-Brie. Administration : P. -D.G. : DUBOIS (Jean-Pierre). Nomination en qualité de directeur général et administrateur : Mme DUBOIS, née GAMINCHER (Colette). Administrateur CORBEL (Yves). Commissaire aux comptes titulaire : BEZOMBES (Yves). Commissaire aux comptes suppléant : SCOREX Etablissement principal: Activité : mécanique générale de précision en particulier, fabrication de tous modèles de coussinets, pour tous usages industriels. Fabrication, reconditionnement de machines industrielles et de pièces de rechange. Négoce de machines industrielles, neuves et d'occasion, en France et à l' étranger. Adresse : Z.I. Eiffel, route de Fontenay-Trésigny, 77220 Tournan-en- Brie. Date d'effet : 1er décembre 1999.
24/10/1999	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Melun B 552064305 RC 77-B 126 ETABLISSEMENTS YOU ET COMPAGNIE. Forme : S.A. à conseil d'administration. Capital : 270 000 F. Adresse : route de Briqueterie, 77220 Liverdy-en-Brie Nouvelle situation du siège social. Adresse : Z.I. Eiffel, route de Fontenay-Trésigny, 77220 Tournan-en-Brie Etablissement principal: Activité : mécanique générale de précision et en particulier fabrication de tous modèles de coussinets pour tous usages industriels fabrication, reconditionnement de machines industrielles et de pièces de rechange. Négoce de machines industrielles, neuves et d'occasion, en France et à l'étranger. Adresse : Z.I. Eiffel, route de Fontenay-Trésigny, 77220 Tournan-en-Brie. Date d'effet : 1er septembre 1999.
15/01/1999	Bodacc B	Modifications et mutations diverses
RCS o. RCS Melun B 552 064 305 RC RC 77- B 126 ETABLISSEMENTS YOU ET COMPAGNIE. Forme : S.A. à conseil d'administration. Capital : 270 000 F. Adresse du siège social : route de la Briqueterie Liverdy- en-Brie 77220 Tournan-en-Brie. Administration : président-directeur général : DUBOIS (Jean-Pierre) Administrateurs : CORBEL (Yves) Mme DUBOIS, née GAMINCHER (Colette). Commissaire aux comptes titulaire : BEZOMBES (Yves). Commissaire aux comptes suppléant : SCOREX. Ancien commissaire aux comptes suppléant : GAUTIER (Jean-Michel). Ancien commissaire aux comptes titulaire : BOULEAU (Louis-Marie) Etablissement principal: Activité : mécanique générale de précision et en particulier fabrication de tous modèles de coussinets pour tous usages industriels, fabrication, reconditionnement de machines industrielles et pièces de rechange, négoce de machines industrielles neuves et d'occasion, en France et à l'étranger. Adresse : route de la Briqueterie Liverdy-en-Brie 77220 Tournan-en-Brie Date de début d' activité: 11 avril 1975. Date d'effet : 30 juin 1998.

Company events history

Date	Description
27/11/2014	Legal Gazette: Resignation / Revocation of the social representative
04/10/2014	Bodacc C : Deposit accounts notice
01/10/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
27/06/2014	Legal Gazette: Appointment of the social representative
31/12/2013	New accounts available
03/12/2013	Bodacc C : Deposit accounts notice
22/11/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
19/10/2013	Update Limit
19/10/2013	Update Rating
29/04/2013	Bodacc C : Deposit accounts notice
16/04/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
14/12/2012	Extension of term
14/12/2012	Application and court order
21/02/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
13/02/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
31/12/2010	New accounts available
28/12/2010	Collection of preferential rights activated for this company
21/12/2010	Bodacc C : Deposit accounts notice
28/01/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
31/12/2008	New accounts available
12/12/2008	Bodacc C : Deposit accounts notice
22/05/2008	New Bodacc B ads detected
22/05/2008	Bodacc B: Various editing or changing
05/05/2008	Updated articles of association
05/05/2008	Statuts mis à jour
05/05/2008	Minutes of general meeting of shareholders
05/05/2008	PV d'Assemblée
05/05/2008	Private document
05/05/2008	Changement de dénomination sociale
05/05/2008	Transfert du Siège dans le ressort du Tribunal de Commerce
05/05/2008	Registered office transferred inside jurisdiction of the Commercial Court
31/03/2008	Transfer of Establishment
31/03/2008	Update of Company Head Office Identifier
31/03/2008	Update of Company Name
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
15/09/2005	Minutes of general meeting of shareholders
15/09/2005	PV d'Assemblée
15/09/2005	Private document
15/09/2005	Capital increase
15/09/2005	Augmentation de Capital
15/09/2005	Acte sous seing privé
15/09/2005	Updated articles of association
15/09/2005	Statuts mis à jour
12/04/2005	Nomination/démission des organes de gestion
12/04/2005	Private document
12/04/2005	Acte sous seing privé
12/04/2005	Changement de Président (PDG, PCA)
12/04/2005	Appointment/resignation of company officers
12/04/2005	Acte modificatif
12/04/2005	PV d'Assemblée
12/04/2005	Minutes of general meeting of shareholders
08/04/2005	Nomination/démission des organes de gestion
08/04/2005	Appointment/resignation of company officers
08/04/2005	Private document
08/04/2005	Changement de Commissaire aux Comptes
08/04/2005	Acte sous seing privé
08/04/2005	PV d'Assemblée
08/04/2005	Minutes of general meeting of shareholders
31/12/2004	New accounts available
30/06/2004	Prorogation de durée
30/06/2004	Requête et Ordonnance
31/12/2003	New accounts available
10/06/2002	Changement de Forme Juridique avec changement de catégorie
10/06/2002	Augmentation de Capital
10/06/2002	Conversion du Capital Social en Euros
10/06/2002	Changement de Président (PDG, PCA)
10/06/2002	Acte sous seing privé
10/06/2002	Modification du système d'administration des S.A.
10/06/2002	Nomination/démission des organes de gestion
10/06/2002	PV d'Assemblée
10/06/2002	Statuts mis à jour
10/06/2002	Acte modificatif
01/02/2000	PV du Conseil d'Administration
01/02/2000	Acte modificatif
01/02/2000	Nomination/démission des organes de gestion
01/02/2000	Modification du Conseil d'Administration
01/02/2000	Acte sous seing privé
11/10/1999	Acte sous seing privé
11/10/1999	Transfert du Siège dans le ressort du Tribunal de Commerce
11/10/1999	Acte modificatif
11/10/1999	Statuts mis à jour
11/10/1999	PV du Conseil d'Administration
31/12/1998	Nomination/démission des organes de gestion
31/12/1998	PV d'Assemblée
31/12/1998	Changement de Commissaire aux Comptes
31/12/1998	Acte sous seing privé
17/11/1994	Modification du Conseil d'Administration
17/11/1994	Nomination/démission des organes de gestion
17/11/1994	PV d'Assemblée
08/12/1993	Acte modificatif
08/12/1993	Statuts mis à jour
08/12/1993	PV d'Assemblée
08/12/1993	Prorogation de durée
08/12/1993	Déclaration de conformité
14/12/1992	PV d'Assemblée
14/12/1992	Changement de Commissaire aux Comptes

directors

Name	M. DE BOM VAN DRIESSCHE OLIVIER CHRISTIAN
Manager position	President of the supervisory council	Date of birth	12/05/1966
Place of birth	TOURNAI(BELGIQUE)
Type	Individual	Name at birth

Name	M. DE LA MONNERAYE DE LA BOURDONNAYE MONTLU
Manager position	Unique managing director	Date of birth	25/08/1962
Place of birth	LORIENT
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Unique managing director	M OLIVIER DE LA MONNERAYE DE LA BOURDONNAYE MONTLUC	8/25/1962 - LORIENT
President of the supervisory council	M OLIVIER DE BOM VAN DRIESSCHE	- - -

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.44
UK Pound	1	Rs.98.15
Euro	1	Rs.77.38

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIS

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%)

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