MIRA INFORM REPORT

Report Date :

20.12.2014

IDENTIFICATION DETAILS

Name :	FINANCIERE C 10
Registered Office :	35 Rue Des Bas Trevois 10000 Troyes
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	December 1999
Com. Reg. No.:	0 428 747 703
Legal Form :	Simplified Joint Stock Company
Line of Business :	Activities of Societies © © s © s been holding ( 6420Z )
No of Employees :	1 to 2

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – 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 summary

Name

FINANCIERE C 10

SIRET

428 747 703 00026

Personal comment

company summary

EUR VAT Number	FR35428747703
Activity (APE)	Activities of Societies © © s © s been holding ( 6420Z )	Legal form	Simplified joint stock company
Phone	03 25 76 29 50	RCS Registration	RCS Troyes 0 428 747 703
Share capital	3,358,800 Euros
Address	FINANCIERE C 10 35 Rue Des Bas Trevois 10000 Troyes	Incorporated Date	12/1999
Nationality	France	Status	Economically active

This company is not under monitoring

Ultimate Holding Company
Company Name	Company number
TUBE INVESTMENTS OF INDIA LTD	-

Current Directors

2

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	1,052,468 €	1,225,422 €	1,120,196 €
Gross Operating Surplus	16.47 % Turnover	16.37 % Turnover	22.48 % Turnover
Shareholders’ equity	9,733,924 €	9,477,326 €	8,645,855 €
Net result	256,578 €	831,468 €	460,801 €
Employees	1 or 2 employees	-	-

company details

Company details

Activity (APE)	Activities of Societies © © s © s been holding ( 6420Z )
RCS Registration	RCS Troyes 0 428 747 703	Share capital	3,358,800 Euros
Registration Court	Troyes (10)	Legal form	Simplified joint stock company
Court Registry Number	20 0 0B00163	EUR VAT Number	FR35428747703
Incorporation Date	12/1999	Formation Date	12/1999
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Establishment details

Activity (APE)	Activities of Societies © © s © s been holding ( 6420Z )	Business Pages FT®	FABRICATION DE CHAINES
Postal Address	FINANCIERE C 10 35 RUE DES BAS TREVOIS 10000 TROYES	Trading Address	35 RUE DES BAS TREVOIS 10000 TROYES
Telephone	03 25 76 29 50
Fax

Type	Head office (one site company)	Status	Economically active
Formation Date	03/2000	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Aube (10)	Region	Champagne-Ardenne
District	3	Area	99
City	TROYES	Size of urban area	Urban unit with 100 000 to 199 999 inhabitants

Other establishments

Branches	1 branch entities in this company
Head office	> FINANCIERE C 10 <<<  - Activités des sociétés holding (6420Z)  in TROYES  (10000)
Secondary establishments

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

1 or 2 employees

Company workforce

1 or 2 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	04/07/2014	31/07/2013	13/07/2012
Activity Code	6420Z	6420Z	6420Z
Employees	0	0	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	10,673,701	0.0%	10,671,701	0.0%	10,673,700	511,241	1987.8%
- Intangible assets	0	0%	0	0%	0	0	0%
- Tangible assets	0	0%	0	0%	0	0	0%
- Financial assets	10,673,701	0.0%	10,671,701	0.0%	10,673,700	449,991.50	2272.0%
Net current assets	500,382	-45.3%	915,181	591.6%	132,319	131,203.50	281.4%
- Stocks	0	0%	0	0%	0	0	0%
- Advanced payments	0	-45.3%	0	0%	0	0	0%
- Receivables	493,810	-43.9%	880,867	601.4%	125,588	52,885.50	833.7%
- Securities and cash	6,572	-80.8%	34,314	409.8%	6,731	16,050.50	-59.1%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	11,174,083	-3.6%	11,586,880	7.2%	10,806,020	799,990	1296.8%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Shareholders' equity	9,733,924	2.7%	9,477,326	9.6%	8,645,855	404,355.50	2307.3%
Share capital	3,358,800	0%	3,358,800	0%	3,358,800	100,000	3258.8%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	16,000	-57.9%	38,000	0	0%
Liabilities	1,440,160	-31.3%	2,095,556	-1.3%	2,122,162	220,383.50	553.5%
- Financial liabilities	290	21.3%	239	-100.0%	1,105,552	116,122	-99.8%
- Advanced payments received	657,666	0%	0	0%	0	0	0%
- Trade account payables	38,360	-94.4%	679,614	30.7%	519,885	3,460	1008.7%
- Tax and social liabilities	0	0%	120,654	-36.6%	190,224	9,207	0%
- Other debts and fixed assets liabilities	743,844	-42.6%	1,295,049	322.5%	306,501	88	845177.3%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	11,174,083	-3.6%	11,588,882	7.2%	10,806,020	800,194.50	1296.4%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Sales of Goods	1,068,468	-14.3%	1,247,425	11.4%	1,120,196	40,216.50	2556.8%
Net turnover	1,052,468	-14.1%	1,225,422	9.4%	1,120,196	33,500	3041.7%
- of which net export turnover	45,237	6.0%	42,686	-2.0%	43,553	0	0%
Operating charges	879,076	-14.2%	1,024,873	13.1%	906,416	52,820	1564.3%
Operating profit/loss	189,392	-14.9%	222,552	4.1%	213,780	-2,037.50	9395.3%
Financial income	147	-100.0%	686,468	96.0%	350,235	21,534	-99.3%
Financial charges	2,852	-71.5%	9,993	-79.4%	48,608	3,912	-27.1%
Financial profit/loss	-2,705	-100.4%	676,475	124.3%	301,627	7,603	-135.6%
Pretax net operating income	186,687	-79.2%	899,027	74.4%	515,407	20,149	826.5%
Extraordinary income	0	0%	755	-63.5%	2,067	0	0%
Extraordinary charges	0	0%	0	0%	0	0	0%
Extraordinary profit/loss	0	0%	755	-63.5%	2,067	0	0%
Net result	256,578	-69.1%	831,468	80.4%	460,801	19,654	1205.5%

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	11,174,083	-3.6%	11,586,880	7.2%	10,806,020
Gross	CO	11,174,083	-3.6%	11,586,881	7.2%	10,806,020
Amortisation	1A	0	0%	01	0%	0

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	10,673,701	0.0%	10,671,701	0.0%	10,673,700
Gross	BJ	10,673,701	0.0%	10,671,701	0.0%	10,673,700
Amortisation	BK	0	0%	0	0%	0

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	0	0%	0	0%	0
	Gross	AF	0	0%	0	0%	0
	Amortisation	AG	0	0%	0	0%	0
	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	0	0%	0	0%	0

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	0	0%	0	0%	0
Gross	AR	0	0%	0	0%	0
Amortisation	AS	0	0%	0	0%	0
Other tangible fixed assets	Net	0	0%	0	0%	0
Gross	AT	0	0%	0	0%	0
Amortisation	AU	0	0%	0	0%	0
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	0		0		0

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	10,673,701	0.0%	10,671,701	0.0%	10,673,700
Gross	CU	10,673,701	0.0%	10,671,701	0.0%	10,673,700
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	0	0%	0	0%	0
Gross	BH	0	0%	0	0%	0
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		10,673,701		10,671,701		10,673,700

Current Assets (III)

		31/12/2013		31/12/2012		31/12/2011
Total Assets	Net	500,382	-45.3%	915,181	591.6%	132,319
Gross	CJ	500,382	-45.3%	915,181	591.6%	132,319
Amortisation	CK	0	0%	0	0%	0

Stocks

		31/12/2013		31/12/2012		31/12/2011
Raw materials	Net	0	0%	0	0%	0
Gross	BL	0	0%	0	0%	0
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
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	0	0%	0	0%	0
Gross	BR	0	0%	0	0%	0
Amortisation	BS	0	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	0	0%	0	0%	0

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	45,976	7.7%	42,686	7.6%	39,683
Gross	BX	45,976	7.7%	42,686	7.6%	39,683
Amortisation	BY	0	0%	0	0%	0
Other debtors	Net	447,834	-46.6%	838,181	875.7%	85,905
Gross	BZ	447,834	-46.6%	838,181	875.7%	85,905
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	493,810	-43.9%	880,867	601.4%	125,588

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	6,572	-80.8%	34,314	409.8%	6,731
Gross	CF	6,572	-80.8%	34,314	409.8%	6,731
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	6,572	-80.8%	34,314	409.8%	6,731

Prepaid expenses

		31/12/2013		31/12/2012		31/12/2011
Prepaid expenses	Net	0	0%	0	0%	0
Gross	CH	0	0%	0	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	11,174,083	-3.6%	11,588,882	7.2%	10,806,020

Shareholder Equity (I)

		31/12/2013		31/12/2012		31/12/2011
Total shareholders' equity (Total I)	DL	9,733,924	2.7%	9,477,326	9.6%	8,645,855
Equity and shareholders' equity	DA	3,358,800	0%	3,358,800	0%	3,358,800
Issue and merger premiums	DB	98	0%	98	1.0%	97
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	335,880	0%	335,880	0%	335,880
Statutory or contractual reserve	DE	0	0%	0	0%	0
Special regulated reserves	DF	612	0%	612	0%	612
Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
Other reserves	DG	4,950,487	0.0%	4,950,467	10.3%	4,489,665
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	831,469	0%	0	0%	0
Profit or loss for the period	DI	256,578	-69.1%	831,469	80.4%	460,801
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	0	0%	16,000	-57.9%	38,000
Risk provisions	DP	0	0%	16,000	-57.9%	38,000
Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		31/12/2013		31/12/2012		31/12/2011
Total Liabilities (Total IV)	EC	1,440,160	-31.3%	2,095,556	-1.3%	2,122,162
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	290	21.3%	239	-100.0%	1,100,259
Sundry loans and financial liabilities	DV	0	0%	0	0%	5,293
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	657,666	0%	0	0%	0
Trade accounts payables	DX	38,360	-94.4%	679,614	30.7%	519,885
Tax and social security liabilities	DY	0	0%	120,654	-36.6%	190,224
Fixed asset liabilities	DZ	743,844	0%	0	0%	0
Other debts	EA	0	0%	1,295,049	322.5%	306,501

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	1,440,160	0%	0	0%	2,122,162
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	189,392	-14.9%	222,552	4.1%	213,780

2 - Financial result (V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	-2,705	-100.4%	676,475	124.3%	301,627

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	186,687	-79.2%	899,027	74.4%	515,407

4 - Extraordinary result (VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	0	0%	755	-63.5%	2,067

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	256,578	-69.1%	831,468	80.4%	460,801

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	1,068,615	-44.8%	1,934,648	31.4%	1,472,498

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	812,037	-26.4%	1,103,179	9.0%	1,011,696

Operating income (I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	1,068,468	-14.3%	1,247,425	11.4%	1,120,196

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	0	0%	0	0%	0
France	FD	0	0%	0	0%	0
Export	FE	0	0%	0	0%	0
Sale of services	FI	1,052,468	-14.1%	1,225,422	9.4%	1,120,196
France	FG	1,007,231	-14.8%	1,182,736	9.9%	1,076,643
Export	FH	45,237	6.0%	42,686	-2.0%	43,553
Net turnover	FL	1,052,468	-14.1%	1,225,422	9.4%	1,120,196
France	FJ	1,007,231	-14.8%	1,182,736	9.9%	1,076,643
Export	FK	45,237	6.0%	42,686	-2.0%	43,553
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	0	0%	0
Release of reserves and provisions	FP	16,000	-27.3%	22,000	0%	0
Other income	FQ	0	0%	03	0%	0

Operating charges (II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	879,076	-14.2%	1,024,873	13.1%	906,416

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	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	664,260	-5.4%	702,359	29.2%	543,644
Tax, duty and similar payments	FX	10,037	-55.7%	22,680	7.2%	21,154
Payroll	FY	165,877	-24.4%	219,289	-0.9%	221,258
Social security costs	FZ	38,901	-51.7%	80,544	-2.2%	82,360

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	0	0%	0	0%	38,000
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	01	0%	01	0%	0

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	147	-100.0%	686,468	96.0%	350,235
Share financial income	GJ	0	0%	686,380	96.1%	350,000
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	147	67.0%	88	-62.6%	235
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%	0	0%	0

Financial Charge (VI)

		31/12/2013		31/12/2012		31/12/2011
Total financial charge (Total VI)	GU	2,852	-71.5%	9,993	-79.4%	48,608
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	1,985	-80.1%	9,993	-79.4%	48,608
Exchange losses	GS	867	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	0	0%	755	-63.5%	2,067
Extraordinary operating income	HA	0	0%	755	-29.2%	1,067
Extraordinary income from capital transactions	HB	0	0%	0	0%	1,000
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	0	0%	0	0%	0
Extraordinary operating charges	HE	0	0%	0	0%	0
Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	0	0%	68,313	0%	0

Tax on profits (X)

		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	-69,891	0%	0	0%	56,672

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	16,000	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	16,000	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	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	16,000	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	16,000	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	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	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	16,000	0%	0	0%	0
1 year at most	VU	16,000	0%	0	0%	0
More than one year	VV	0	0%	0	0%	0

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	0	0%	0	0%	0
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	0	0%	0	0%	0

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	16,000	0%	0	0%	0

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	0	0%	0	0%	0
1 year at most		VZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

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	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
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%	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	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%	0
1 year at most		8B2	0	0%	0	0%	0
More than 1 year and 5 years at most		8B3	0	0%	0	0%	0
	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	0	0%	0	0%	0
1 year at most		8D2	0	0%	0	0%	0
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	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
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%	0	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		0.91	2.2%	0.89	-3.3%	0.92	1.09	-16.5%
Global Debt		493 days	-20.0%	616 days	-9.7%	682 days	669 days	-26.3%
Working Capital Fund overall net		-321 days	7.2%	-346 days	-21.8%	-284 days	214 days	-250.0%
Financial independence		3356525.52%	-15.4%	3965408.37%	506959.5%	782.04%	189.11%	1774806.4%
Solvability		87.11%	6.5%	81.78%	2.2%	80.01%	62.06%	40.4%
Capacity debt futures		%	-	%	-	%	1175%	-
Coverage of current assets by net working capital overall		-187.75%	-45.8%	-128.73%	80.7%	-668.30%	58.48%	-421.0%
General Liquidity			-		-		0.45	-
Restricted Liquidity			-		-		0.94	-

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Need background in operating working capital		-324 days	9.2%	-357 days	-24.8%	-286 days	51 days	-735.3%
Treasury		2 days	-80.0%	10 days	400%	2 days	38 days	-94.7%
Inventory turnover of goods		days	-	days	-	days	0 days	-
Average length of credit granted to customers		16 days	23.1%	13 days	0%	13 days	50 days	-68.0%
Average length of credit obtained suppliers		21 days	-94.0%	348 days	1.2%	344 days	110 days	-80.9%
Inventory turnover of raw materials in industrial enterprises		days	-	days	-	days	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	547.50 days	-
Rotation tangible assets		%	-	%	-	%	537.43%	-

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		16.47	0.6%	16.37	-27.2%	22.48	5.85%	181.5%
Net profit		24.38%	-64.1%	67.85%	64.9%	41.14%	20.16%	20.9%
Growth rate of turnover (excluding VAT)		-14.11%	-250.3%	9.39%	-85.9%	66.47%	0%	0%
Rates integration		36.89%	-13.6%	42.68%	-17.1%	51.47%	78.37%	-52.9%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		52.75%	-8.0%	57.32%	8.8%	52.66%	0%	0%
Weight interests		0.27	-67.1%	0.82%	-81.1%	4.34%	3.62%	-92.5%

Return on capital

		31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Cash flow from the overall profitability		24.38%	-64.1%	67.85%	52.7%	44.44%	26.42%	-7.7%
Rates of economic profitability		2%	0%	2%	-33.3%	3%	0%	0%
Financial profitability		9733924%	2.7%	9477326%	9.6%	8645855%	314536.50%	2994.7%
Return on investment		2.67%	-69.9%	8.88%	70.1%	5.22%	5.39%	-50.5%

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	1,052,468	-14.1%	1,225,422	9.4%	1,120,196	33,500 €	3041.7%

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	1,052,468	-14.1%	1,225,422	9.4%	1,120,196
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	1,052,468 €	-14.1%	1,225,422 €	9.4%	1,120,196 €	28,912 €	3540.2%
	100.00 % CA	0%	100.00 % CA	0%	100.00 % CA	100 % CA	0%

Trading margin	0	0%	0	0%	0	0	0%
+ Period Production	1,052,468	-14.1%	1,225,422	9.4%	1,120,196	28,912	3540.2%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	664,260	-5.4%	702,359	29.2%	543,644
Added value	388,208 €	-25.8%	523,063 €	-9.3%	576,552 €	8,819 €	4302.0%
	36.89 % CA	-13.6%	42.68 % CA	-17.1%	51.47 % CA	78.37 % CA	-52.9%

Added value	388,208 €	-25.8%	523,063 €	-9.3%	576,552 €	8,819 €	4302.0%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	10,037	-55.7%	22,680	7.2%	21,154
- Personal charges	204,778	-31.7%	299,833	-1.2%	303,618
Gross operating surplus	173,393 €	-13.5%	200,550 €	-20.3%	251,780 €	-1,983 €	8844.0%
	16.47 % CA	0.6%	16.37 % CA	-27.2%	22.48 % CA	5.85 % CA	181.5%

Gross operating surplus	173,393 €	-13.5%	200,550 €	-20.3%	251,780 €	-1,983 €	8844.0%
+ Release of reserves and provisions	16,000	-27.3%	22,000	0%	0
+ Other operating income	0	0%	03	0%	0
- Depreciation/Amortisation	0	0%	0	0%	38,000
- Other charges	01	0%	01	0%	0
Operating result	189,392 €	-14.9%	222,552 €	4.1%	213,780 €	-2,037.50 €	9395.3%
	18.00 % CA	-0.9%	18.16 % CA	-4.8%	19.08 % CA	4.80 % CA	275.0%

Operating result	189,392 €	-14.9%	222,552 €	4.1%	213,780 €	-2,037.50 €	9395.3%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	147	-100.0%	686,468	96.0%	350,235
- Financial charges	2,852	-71.5%	9,993	-79.4%	48,608
Pre-tax result	186,687 €	-79.2%	899,027 €	74.4%	515,407 €	20,149 €	826.5%
	17.74 % CA	-75.8%	73.36 % CA	59.4%	46.01 % CA	21.88 % CA	-18.9%

Extraordinary income	0	0%	755	-63.5%	2,067	0	0%
- Extraordinary charges	0	0%	0	0%	0
Extraordinary result	0 €	0%	755 €	-63.5%	2,067 €	0 €	0%
	0.00 % CA	0%	0.06 % CA	-66.7%	0 % CA	0 % CA	0%

Pre-tax result	186,687 €	-79.2%	899,027 €	74.4%	515,407 €	20,149 €	826.5%
Extraordinary result	0 €	0%	755 €	-63.5%	2,067 €	0 €	0%
- Employee profit sharing	0	0%	68,313	0%	0
- Tax on profits	-69,891	0%	0	0%	56,672
Net result	256,578 €	-69.1%	831,469 €	80.4%	460,802 €	19,636.50 €	1206.6%
	24.38 % CA	-64.1%	67.85 % CA	64.9%	41.14 % CA	20.18 % CA	20.8%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

Ultimate parent company	TUBE INVESTMENTS OF INDIA LTD
Direct parent	TUBE INVESTMENTS OF INDIA LTD - 77.13 %
Group – Number of companies	5
Linkages – Number of companies	-
Number of countries	-

Group Structure

Company Name	SIREN	Parts	Last account published
TUBE INVESTMENTS OF INDIA LTD	-	-	-
FINANCIERE C 10	428747703	77.13%	31/12/2013
SEDIS	379720212	100%	31/12/2013
SOC COMMERCIAL COMPOSANTS INDUSTRI...	440134054	100%	31/12/2013
SEDIS CO LIMITED	-	100%	-

Shareholders

Linkages

Ultimate parent company	TUBE INVESTMENTS OF INDIA LTD
Direct parent	TUBE INVESTMENTS OF INDIA LTD - 77.13 %
Group – Number of companies	5
Linkages – Number of companies	-
Number of countries	-

No Linkages information available for the company

Consolidated Accounts

Active Account |  Passive Account |  Account Results |  Consolidation

Synthesized Accounts

Annual Accounts	31/12/2009	31/12/2008	31/12/2007
Account period (month)	12	12	12
Account Type	Consolidated	Consolidated	Consolidated
Activity Code	6420Z	6420Z	6420Z

Active account

Annual Accounts	31/12/2009		31/12/2008		31/12/2007
Capital not called	0	0%	0	0%	0
Total fixed assets	7,373,000	-2.1%	7,531,000	3.0%	7,310,000
- Intangible assets	343,000	-0.9%	346,000	-53.4%	743,000
- Tangible assets	4,591,000	-7.9%	4,983,000	-72.6%	18,211,000
- Financial assets	996,000	61.7%	616,000	-4.5%	645,000
Net current assets	13,932,000	-30.0%	19,904,000	5.0%	18,953,000
- Stocks	7,148,000	-20.4%	8,975,000	9.9%	8,166,000
- Advanced payments	2,000	-97.7%	88,000	388.9%	18,000
- Receivables	6,636,000	-32.2%	9,783,000	-5.0%	10,293,000
- Securities and cash	146,000	-86.2%	1,058,000	122.3%	476,000
Accounts of regularization	0	0%	0	0%	0
Total Assets	21,305,000	-22.3%	27,435,000	4.5%	26,263,000

Passive Account

Annual Accounts	31/12/2009		31/12/2008		31/12/2007
Shareholders' equity	7,253,000	5.5%	6,874,000	15.4%	5,957,000
Share capital	3,359,000	0%	3,359,000	0%	3,359,000
Other capital resources	0	0%	0	0%	0
Risk Provisions	326,000	26.8%	257,000	68.0%	153,000
Liabilities	13,726,000	-32.4%	20,304,000	0.7%	20,153,000
- Financial liabilities	7,915,000	-26.6%	10,779,000	7.1%	10,067,000
- Advanced payments received	789,000	412.3%	154,000	-60.9%	394,000
- Trade account payables	2,467,000	0%	0	0%	0
- Tax and social liabilities	2,548,000	0%	0	0%	0
- Other debts and fixed assets liabilities	7,000	-99.9%	9,371,000	-3.3%	9,692,000
Account regularization	0	0%	0	0%	0
Total liabilities	21,305,000	-22.3%	27,435,000	4.5%	26,263,000

Results

Annual Accounts	31/12/2009		31/12/2008		31/12/2007
Sales of Goods	26,455,000	-28.3%	36,893,000	5.2%	35,082,000
Net turnover	26,720,000	-27.7%	36,932,000	7.0%	34,509,000
- of which net export turnover	0	0%	12,755,000	7.1%	11,914,000
Operating charges	25,246,000	-26.2%	34,228,000	4.0%	32,898,000
Operating profit/loss	1,209,000	-54.7%	2,666,000	22.1%	2,184,000
Financial income	127,000	-13.6%	147,000	22.5%	120,000
Financial charges	542,000	-49.6%	1,075,000	29.7%	829,000
Financial profit/loss	-415,000	55.3%	-928,000	-30.9%	-709,000
Pretax net operating income	794,000	-54.3%	1,738,000	17.8%	1,475,000
Extraordinary income	17,000	-88.6%	149,000	831.2%	16,000
Extraordinary charges	319,000	3887.5%	8,000	-38.5%	13,000
Extraordinary profit/loss	-302,000	-314.2%	141,000	4600%	3,000

Consolidation

Annual Accounts	31/12/2009		31/12/2008		31/12/2007
Net result before amortisation of goodwill	477,000	-68.0%	1,489,000	35.6%	1,098,000
Goodwill amortisation allocation	-144,000	-200%	144,000	0%	144,000
Net result of equity affiliates companies	0	0%	0	0%	0
Net result of integrated companies	0	0%	0	0%	0
Group result (consolidated net result)	333,000	-75.2%	1,345,000	41.0%	954,000
Share of minority interest (Result except group)	0	0%	0	0%	0
Net result - group share (part of parent company)	333,000	-75.2%	1,345,000	41.0%	954,000

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2009	31/12/2008	31/12/2007
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2009		31/12/2008		31/12/2007
Grand Total (I to VI)	Net	21,305,000	-22.3%	27,435,000	4.5%	26,263,000
Gross	CO	37,171,000	-15.8%	44,155,000	5.2%	41,964,000
Amortisation	1A	15,866,000	-5.1%	16,720,000	6.5%	15,701,000

Capital subscribed not called (I)

		31/12/2009		31/12/2008		31/12/2007
Capital suscribed not called (I)	AA3	0	0%	0	0%	0

Active fixed asset (II)

		31/12/2009		31/12/2008		31/12/2007
Total Active fixed asset (II)	Net	7,373,000	-2.1%	7,531,000	3.0%	7,310,000
Gross	BJ	22,737,000	-3.8%	23,644,000	5.1%	22,486,000
Amortisation	BK	15,364,000	-4.6%	16,113,000	6.2%	15,176,000

Intangilble fixed assets

		31/12/2009		31/12/2008		31/12/2007
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%	88,000	-81.9%	485,000
Gross	AF	0	0%	494,000	1.9%	485,000
Amortisation	AG	0	0%	406,000	0%	0
Goodwill	Net	0	0%	258,000	0%	258,000
Gross	AH	0	0%	258,000	0%	258,000
Amortisation	AI	0	0%	0	0%	0
Other intangible fixed assets	Net	343,000	0%	0	0%	0
Gross	AJ	343,000	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

Tangilble fixed assets

		31/12/2009		31/12/2008		31/12/2007
Acquisition difference	Net	1,443,000	-9.1%	1,587,000	-8.4%	1,732,000
Gross	A11	1,443,000	-50.0%	2,886,000	0%	2,886,000
Amortisation	A12	0	0%	2,886,000	0%	2,886,000
Goodwill	Net	0	0%	0	0%	0
Gross	A21	0	0%	0	0%	0
Amortisation	A22	0	0%	0	0%	0
Difference from the first consolidation	Net	0	0%	0	0%	0
Gross	A31	0	0%	0	0%	0
Amortisation	A32	0	0%	0	0%	0
Lands	Net	623,000	0%	0	0%	624,000
Gross	AN	623,000	0%	0	0%	624,000
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	3,915,000	0%	0	0%	3,928,000
Gross	AP	3,915,000	0%	0	0%	3,928,000
Amortisation	AQ	0	0%	0	0%	0
Plant	Net	-774,000	0%	0	0%	12,769,000
Gross	AR	14,590,000	0%	0	0%	12,769,000
Amortisation	AS	15,364,000	0%	0	0%	0
Other tangible fixed assets	Net	636,000	-87.2%	4,983,000	738.9%	594,000
Gross	AT	636,000	-96.7%	19,391,000	3164.5%	594,000
Amortisation	AU	0	0%	14,408,000	0%	0
Fixed assets in construction	Net	191,000	0%	0	0%	296,000
Gross	AV	191,000	0%	0	0%	296,000
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

Financial assets

		31/12/2009		31/12/2008		31/12/2007
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	996,000	61.7%	616,000	-4.5%	645,000
Gross	BF	996,000	61.7%	616,000	-4.5%	645,000
Amortisation	BG	0	0%	0	0%	0
Other financial assets	Net	0	0%	0	0%	0
Gross	BH	0	0%	0	0%	0
Amortisation	BI	0	0%	0	0%	0
Other financial assets	Net	0	0%	0	0%	0
Gross	A41	0	0%	0	0%	0
Amortisation	A42	0	0%	0	0%	0

Current Assets (III)

		31/12/2009		31/12/2008		31/12/2007
Total Assets	Net	13,932,000	-30.0%	19,904,000	5.0%	18,953,000
Gross	CJ	14,434,000	-29.6%	20,511,000	5.3%	19,478,000
Amortisation	CK	502,000	-17.3%	607,000	15.6%	525,000

Stocks

		31/12/2009		31/12/2008		31/12/2007
Raw materials	Net	2,098,000	-33.1%	3,134,000	45.6%	2,153,000
Gross	BL	2,098,000	-33.1%	3,134,000	45.6%	2,153,000
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	2,758,000	0%	0	0%	0
Gross	BN	3,260,000	0%	0	0%	0
Amortisation	BO	502,000	0%	0	0%	0
Work in progress (services)	Net	0	0%	2,878,000	-24.1%	3,791,000
Gross	BP	0	0%	3,485,000	-8.1%	3,791,000
Amortisation	BQ	0	0%	607,000	0%	0
Semi-finished and finished products	Net	1,364,000	-23.7%	1,788,000	7.0%	1,671,000
Gross	BR	1,364,000	-23.7%	1,788,000	7.0%	1,671,000
Amortisation	BS	0	0%	0	0%	0
Goods for resale	Net	928,000	-21.0%	1,175,000	113.2%	551,000
Gross	BT	928,000	-21.0%	1,175,000	9.2%	1,076,000
Amortisation	BU	0	0%	0	0%	525,000

Advance payments to suppliers

		31/12/2009		31/12/2008		31/12/2007
Advance payments to suppliers	Net	2,000	-97.7%	88,000	388.9%	18,000
Gross	BV	2,000	-97.7%	88,000	388.9%	18,000
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2009		31/12/2008		31/12/2007
Trade accounts receivable	Net	5,747,000	-23.5%	7,511,000	-5.9%	7,985,000
Gross	BX	5,747,000	-23.5%	7,511,000	-5.9%	7,985,000
Amortisation	BY	0	0%	0	0%	0
Other debtors	Net	740,000	-66.8%	2,228,000	-1.8%	2,269,000
Gross	BZ	740,000	-66.8%	2,228,000	-1.8%	2,269,000
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

Divers

		31/12/2009		31/12/2008		31/12/2007
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	146,000	-86.2%	1,058,000	122.3%	476,000
Gross	CF	146,000	-86.2%	1,058,000	122.3%	476,000
Amortisation	CG	0	0%	0	0%	0

Prepaid expenses

		31/12/2009		31/12/2008		31/12/2007
Prepaid expenses	Net	149,000	238.6%	44,000	12.8%	39,000
Gross	CH	149,000	238.6%	44,000	12.8%	39,000
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2009		31/12/2008		31/12/2007
Multi-period charges	CW3	0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0

References

		31/12/2009		31/12/2008		31/12/2007
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)

		31/12/2009		31/12/2008		31/12/2007
Grand Total (I to IV)	EE	21,305,000	-22.3%	27,435,000	4.5%	26,263,000

Shareholder Equity (I)

		31/12/2009		31/12/2008		31/12/2007
Total shareholders' equity (Total I)	DL	7,253,000	5.5%	6,874,000	15.4%	5,957,000
Equity and shareholders' equity	DA	3,359,000	0%	3,359,000	0%	3,359,000
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	0	0%	0	0%	0
Statutory or contractual reserve	DE	0	0%	0	0%	0
Special regulated reserves	DF	0	0%	0	0%	0
Other reserves	DG	3,537,000	56.9%	2,255,000	33.1%	1,694,000
Profits or losses brought forward	DH	0	0%	0	0%	0
Conversion differences	P1	24,000	128.2%	-85,000	-70.0%	-50,000
Net result - group part	P2	333,000	-75.2%	1,345,000	41.0%	954,000
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		31/12/2009		31/12/2008		31/12/2007
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
Others	P3	0	0%	0	0%	0

Provisions for risks and charges (III)

		31/12/2009		31/12/2008		31/12/2007
Total provisions for risks and charges (Total III)	DR	326,000	26.8%	257,000	68.0%	153,000
Conversion differences	P4	0	0%	0	0%	0
In reserves	P5	0	0%	0	0%	0
In results	P6	0	0%	0	0%	0
Total III	P7	0	0%	0	0%	0
Delayed tax	P8	187,000	156.2%	73,000	-31.1%	106,000
Acquisition differences	P9	0	0%	0	0%	0
Risk provisions	DP	139,000	143.9%	57,000	21.3%	47,000
Reserves for charges	DQ	0	0%	127,000	0%	0

Liabilities (IV)

		31/12/2009		31/12/2008		31/12/2007
Total Liabilities (Total IV)	EC	13,726,000	-32.4%	20,304,000	0.7%	20,153,000
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	0	0%	10,779,000	0%	0
Sundry loans and financial liabilities	DV	7,915,000	0%	0	0%	10,067,000
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	789,000	412.3%	154,000	-60.9%	394,000
Trade accounts payables	DX	2,467,000	0%	0	0%	0
Tax and social security liabilities	DY	2,548,000	0%	0	0%	0
Fixed asset liabilities	DZ	0	0%	0	0%	6,633,000
Other debts	EA	7,000	-99.9%	9,371,000	206.3%	3,059,000

Translation loss (V)

		31/12/2009		31/12/2008		31/12/2007
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2009		31/12/2008		31/12/2007
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2009		31/12/2008		31/12/2007
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
Operating income | Operating charges | Financial income | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result (I-II)

		31/12/2009		31/12/2008		31/12/2007
Operating result (Total I-II)	GG	1,209,000	-54.7%	2,666,000	22.1%	2,184,000

2 - Financial result (V - VI)

		31/12/2009		31/12/2008		31/12/2007
Financial result (Total V-VI)	GV	-415,000	55.3%	-928,000	-30.9%	-709,000

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

		31/12/2009		31/12/2008		31/12/2007
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	794,000	-54.3%	1,738,000	17.8%	1,475,000

4 - Extraordinary result (VII-VIII)

		31/12/2009		31/12/2008		31/12/2007
Extraordinary result (Total VII-VIII)	HI	-302,000	-314.2%	141,000	4600%	3,000

Consolidation

		31/12/2009		31/12/2008		31/12/2007
Delayed tax	R1	111,000	131.2%	48,000	1300%	-4,000
Net result before amortisation of acquisition differences	R2	477,000	-68.0%	1,489,000	35.6%	1,098,000
Endowment to amortisation of acquisition differences	R3	-144,000	-200%	144,000	0%	144,000
Net result of companies set in equivalence	R4	0	0%	0	0%	0
Net result of integrated companies	R5	0	0%	0	0%	0
Group result (consolidated net result)	R6	333,000	-75.2%	1,345,000	41.0%	954,000
Cross-reference : equipment leasing	R7	0	0%	0	0%	0
Cross-reference : property leasing	R8	333,000	-75.2%	1,345,000	41.0%	954,000

Operating income (I)

		31/12/2009		31/12/2008		31/12/2007
Total operating income (Total I)	FR	26,455,000	-28.3%	36,893,000	5.2%	35,082,000

Operating income (details)

		31/12/2009		31/12/2008		31/12/2007
Sale of goods for resale	FC	6,025,000	-42.3%	10,433,000	15.3%	9,049,000
France	FA	6,025,000	-42.3%	10,433,000	0%	0
Export	FB	0	0%	0	0%	0
Sale of goods produced	FF	20,695,000	0%	0	0%	0
France	FD	20,695,000	0%	0	0%	0
Export	FE	0	0%	0	0%	0
Sale of services	FI	0	0%	26,499,000	4.1%	25,460,000
France	FG	0	0%	13,744,000	0%	0
Export	FH	0	0%	12,755,000	0%	0
Net turnover	FL	26,720,000	-27.7%	36,932,000	7.0%	34,509,000
France	FJ	26,720,000	10.5%	24,177,000	7.0%	22,595,000
Export	FK	0	0%	12,755,000	7.1%	11,914,000
Stocked production	FM	-720,000	-203.8%	-237,000	-163.4%	374,000
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	81,000	305.0%	20,000	11.1%	18,000
Release of reserves and provisions	FP	295,000	243.0%	86,000	-8.5%	94,000
Other income	FQ	79,000	-14.1%	92,000	5.7%	87,000

Operating charges (II)

		31/12/2009		31/12/2008		31/12/2007
Total operating charges (Total II)	GF	25,246,000	-26.2%	34,228,000	4.0%	32,898,000

Exploitation charges

		31/12/2009		31/12/2008		31/12/2007
Purchase of goods for resale	FS	3,655,000	-52.9%	7,756,000	27.4%	6,087,000
Change in stocks of goods for resale	FT	253,000	183.5%	-303,000	-515.1%	73,000
Purchase of raw materials	FU	6,312,000	-32.6%	9,363,000	4.8%	8,938,000
Change in stocks of raw materials	FV	964,000	212.6%	-856,000	-871.2%	111,000
Other external purchases and charges	FW	3,317,000	-44.9%	6,020,000	8.6%	5,542,000
Tax, duty and similar payments	FX	867,000	-11.8%	983,000	14.0%	862,000
Payroll	FY	8,617,000	-13.0%	9,908,000	-0.4%	9,945,000
Social security costs	FZ	0	0%	0	0%	0

Depreciation

		31/12/2009		31/12/2008		31/12/2007
Depreciation of fixed assets	GA	1,203,000	-7.4%	1,299,000	1.1%	1,285,000
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2009		31/12/2008		31/12/2007
Other charges	GE	58,000	0%	58,000	5.5%	55,000

Operating charges (III-IV)

		31/12/2009		31/12/2008		31/12/2007
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)

		31/12/2009		31/12/2008		31/12/2007
Total financial income (Total V)	GP	127,000	-13.6%	147,000	22.5%	120,000
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	26,000	116.7%	12,000	-90.0%	120,000
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	101,000	-25.2%	135,000	0%	0
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2009		31/12/2008		31/12/2007
Total financial charge (Total VI)	GU	542,000	-49.6%	1,075,000	29.7%	829,000
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	374,000	-50.7%	758,000	-3.7%	787,000
Exchange losses	GS	168,000	-47.0%	317,000	0%	0
Net loss from disposal of investment securities	GT	0	0%	0	0%	42,000

Extraordinary income (VII)

		31/12/2009		31/12/2008		31/12/2007
Total extraordinary income (Total VII)	HD	17,000	-88.6%	149,000	831.2%	16,000
Extraordinary operating income	HA	17,000	-85.0%	113,000	606.2%	16,000
Extraordinary income from capital transactions	HB	0	0%	32,000	0%	0
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		31/12/2009		31/12/2008		31/12/2007
Total extraordinary charges (Total VIII)	HH	319,000	3887.5%	8,000	-38.5%	13,000
Extraordinary operating charges	HE	318,000	6260.0%	5,000	-61.5%	13,000
Extraordinary charges from capital transactions	HF	1,000	-75.0%	4,000	0%	0
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2009		31/12/2008		31/12/2007
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2009		31/12/2008		31/12/2007
Tax on profits (Total X)	HK	-96,000	-128.2%	341,000	-11.0%	383,000

References

		31/12/2009		31/12/2008		31/12/2007
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0

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

Structure and Liquidity

		31/12/2009		31/12/2008		31/12/2007
Fixed Asset Financing		1.36	-5.6%	1.44	3.6%	1.39
Global Debt		184.93 days	-6.6%	197.92 days	-5.9%	210.24 days
Working Capital Fund overall net		109.41 days	8.1%	101.17 days	9.4%	92.50 days
Financial independence		0%	0%	63.77%	0%	0%
More ratios
Solvability		34.04%	35.8%	25.06%	10.5%	22.68%

Management or rotation

		31/12/2009		31/12/2008		31/12/2007
Need background in operating working capital		105.44 days	16.6%	90.43 days	3.8%	87.13 days
Treasury		1.97 days	-80.9%	10.31 days	107.4%	4.97 days
Inventory turnover of goods		85.49 days	50.6%	56.76 days	-9.7%	62.88 days
More ratios
Inventory turnover of raw materials in industrial enterprises		119.66 days	-0.7%	120.50 days	39.0%	86.72 days
Inventory turnover of intermediate and finished products in the industrial enterprise		17.33 days	0%	0 days	0%	0 days

Profitability of the business

		31/12/2009		31/12/2008		31/12/2007
Margin trading		6024985.37%	-42.3%	10432979.82%	15.3%	9048982.15
Profitability of the business		7.84	-24.7%	10.41	7.4%	9.69
More ratios
Rates integration		43.04%	8.0%	39.84%	-2.7%	40.95%
Rate leasing furniture		0%	0%	0%	0%	0%
Weight interests		2.03	-30.2%	2.91%	21.2%	2.40%

Return on capital

		31/12/2009		31/12/2008		31/12/2007
Rates of economic profitability		13.82%	-36.5%	21.78%	4.4%	20.86%

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
11/12/2014	JAL	Appointment of the social representative
Est Eclair (L ) - La Lettre Date de décision : 04/12/2014 Société faisant l'objet d'une nomination : 428747703 - FINANCIERE C 10, 35 RUE DES BAS TREVOIS, 10000 TROYES Nominé : Monsieur Jean-Hugues BOURGEOIS, 93400 ST OUEN En la fonction de : Directeur général
16/07/2014	Bodacc C	Comptes annuels et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 1374 - 428747703 RCS. FINANCIERE C 10. Forme : Société par actions simplifiée. Adresse : 35 rue des Bas Trevois 10000 Troyes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
11/12/2013	Bodacc B	Modification et mutation diverse
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 132 - 428 747 703 RCS Troyes. FINANCIERE C 10. Forme : Société par actions simplifiée. Administration : Président : PATTABIRAMAN Ramachandran Directeur général : ROBERT Jean-Paul Commissaire aux comptes titulaire : DELOITTE & ASSOCIES (SA) Commissaire aux comptes suppléant : BEAS (SARL). Activité : . Commentaires : Modification survenue sur l'administration.
12/05/2013	Bodacc B	Modification et mutation diverse
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 201 - 428 747 703 RCS Troyes. FINANCIERE C 10. Forme : Société par actions simplifiée. Administration : Président : ARMAND Robert Directeur général : ROBERT Jean-Paul Commissaire aux comptes titulaire : DELOITTE & ASSOCIES (SA) Commissaire aux comptes suppléant : BEAS (SARL). Activité : . Commentaires : Modification survenue sur l'administration.
21/03/2013	JAL	Appointment of the social representative
Est Eclair (L ) - La Lettre Date de décision : 05/02/2013 Société faisant l'objet d'une nomination : 428747703 - FINANCIERE C 10, 35 RUE DES BAS TREVOIS, 10000 TROYES Nominé : Monsieur PATTABIRAMAN RAMACHANDRAN, 600034 TAMIL NADU En la fonction de : Président
21/03/2013	JAL	Resignation / Revocation of the social representative
Est Eclair (L ) - La Lettre Date de décision : 05/02/2013 La société 428747703 - FINANCIERE C 10, 35 RUE DES BAS TREVOIS, 10000 TROYES Fait l'objet du départ de Monsieur Robert ARMAND
21/07/2012	Bodacc C	Comptes annuels et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 726 - 428747703 RCS. FINANCIERE C 10. Forme : Société par actions simplifiée. Adresse : 35 rue des Bas Trévois 10000 Troyes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
27/10/2011	Bodacc B	Modification et mutation diverse
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 123 - 428 747 703 RCS Troyes. FINANCIERE C 10. Forme : Société par actions simplifiée. Administration : Président : ARMAND Robert Commissaire aux comptes titulaire : DELOITTE & ASSOCIES (SA) Commissaire aux comptes suppléant : BEAS (SARL). Activité : . Commentaires : Modification survenue sur l'administration.
11/07/2011	Bodacc C	Comptes annuels et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 1551 - 428747703 RCS. FINANCIERE C 10. Forme : Société par actions simplifiée. Adresse : 35 rue des Bas Trévois 10000 Troyes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
09/09/2010	Bodacc C	Comptes annuels et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 205 - 428747703 RCS. FINANCIERE C 10. Forme : Société par actions simplifiée. Adresse : 35 rue des Bas Trévois 10000 Troyes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
09/09/2010	Bodacc C	Comptes annuels, consolidés et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 206 - 428747703 RCS. FINANCIERE C 10. Forme : Société par actions simplifiée. Adresse : 35 rue des Bas Trévois 10000 Troyes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
31/03/2010	Bodacc B	Modification et mutation diverse
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 112 - 428 747 703 RCS Troyes. FINANCIERE C 10. Forme : Société par actions simplifiée. Administration : Président : ARMAND Robert Commissaire aux comptes titulaire : KPMG (SACA) représenté par BADETZ Alain Commissaire aux comptes titulaire : AUDITRA (SARL) Commissaire aux comptes suppléant : ZEIMETT Patrick Co-commissaire aux comptes suppléant : DUCHARME Emmanuel. Commentaires : Modification survenue sur l'administration, la forme juridique.
04/02/2010	Bodacc B	Modification et mutation diverse
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 221 - 428 747 703 RCS Troyes. FINANCIERE C 10. Forme : Société anonyme à directoire et à conseil de surveillance. Administration : Président du Directoire : ARMAND Robert Membre du Directoire : ROBERT Jean-Paul Président du Conseil de Surveillance : TERMIJTELEN Jan Membre du Conseil de Surveillance : ALLEGOT Laurent Membre du Conseil de Surveillance : GRILLAERT Alain Charles Hugo Membre du Conseil de Surveillance : BANCBOSTON INVESTMENTS INC représenté par DE BACKER Bernard Vice-président et membre du conseil de surveillance : SALM Jean Commissaire aux comptes titulaire : KPMG (SACA) représenté par BADETZ Alain Commissaire aux comptes titulaire : AUDITRA (SARL) Commissaire aux comptes suppléant : ZEIMETT Patrick Co-commissaire aux comptes suppléant : DUCHARME Emmanuel. Commentaires : Modification survenue sur l'administration.
04/02/2010	Bodacc B	Modification et mutation diverse
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 240 - 428 747 703 RCS Troyes. FINANCIERE C 10. Forme : Société anonyme à directoire et à conseil de surveillance. Administration : Président du Directoire : ARMAND Robert Membre du Directoire : ROBERT Jean-Paul Président du Conseil de Surveillance : TERMIJTELEN Jan Membre du Conseil de Surveillance : GRILLAERT Alain Charles Hugo Membre du Conseil de Surveillance : BANCBOSTON INVESTMENTS INC représenté par DE BACKER Bernard Vice-président et membre du conseil de surveillance : SALM Jean Membre du Conseil de Surveillance : FESSART Philippe Commissaire aux comptes titulaire : KPMG (SACA) représenté par BADETZ Alain Commissaire aux comptes titulaire : AUDITRA (SARL) Commissaire aux comptes suppléant : ZEIMETT Patrick Co-commissaire aux comptes suppléant : DUCHARME Emmanuel. Commentaires : Modification survenue sur l'administration.
04/02/2010	Bodacc B	Modification et mutation diverse
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 222 - 428 747 703 RCS Troyes. FINANCIERE C 10. Forme : Société anonyme à directoire et à conseil de surveillance. Administration : Président du Directoire : ARMAND Robert Membre du Directoire : ROBERT Jean-Paul Président du Conseil de Surveillance : TERMIJTELEN Jan Membre du Conseil de Surveillance : GRILLAERT Alain Charles Hugo Membre du Conseil de Surveillance : BANCBOSTON INVESTMENTS INC représenté par DE BACKER Bernard Vice-président et membre du conseil de surveillance : SALM Jean Commissaire aux comptes titulaire : KPMG (SACA) représenté par BADETZ Alain Commissaire aux comptes titulaire : AUDITRA (SARL) Commissaire aux comptes suppléant : ZEIMETT Patrick Co-commissaire aux comptes suppléant : DUCHARME Emmanuel. Commentaires : Modification survenue sur l'administration.
09/07/2009	Bodacc C	Comptes annuels et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 877 - 428747703 RCS. FINANCIERE C 10. Forme : Société anonyme à directoire et à conseil de surveillance. Adresse : 35 rue des Bas Trevois 10000 Troyes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
09/07/2009	Bodacc C	Comptes consolidés et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 878 - 428747703 RCS. FINANCIERE C 10. Forme : Société anonyme à directoire et à conseil de surveillance. Adresse : 35 rue des Bas Trevois 10000 Troyes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
03/09/2008	Bodacc B	Modification et mutation diverse
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 92 - 428 747 703 RCS Troyes. FINANCIERE C 10. Forme : Société anonyme à directoire et à conseil de surveillance. Administration : Président du Directoire : ARMAND RobertMembre du Directoire : ROBERT Jean-Paul. Président du Conseil de Surveillance : TERMIJTELEN Jan. Membre du Conseil de Surveillance : ALLEGOT Laurent. Membre du Conseil de Surveillance : GRILLAERT Alain Charles Hugo. Membre du Conseil de Surveillance : BANCBOSTON INVESTMENTS INC représenté par DE BACKER Bernard. Membre du Conseil de Surveillance : SALM Jean. Commissaire aux comptes titulaire : KPMG (SACA) représenté par BADETZ Alain. Co-commissaire aux comptes titulaire : BLV (SARL) représenté par FRANCOIS Thierry. Commissaire aux comptes suppléant : ZEIMETT Patrick. Co-commissaire aux comptes suppléant : DUCHARME Emmanuel. Commentaires : Modification survenue sur l'administration.
03/09/2008	Bodacc B	Modification et mutation diverse
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 93 - 428 747 703 RCS Troyes. FINANCIERE C 10. Forme : Société anonyme à directoire et à conseil de surveillance. Administration : Président du Directoire : ARMAND RobertMembre du Directoire : ROBERT Jean-Paul. Président du Conseil de Surveillance : TERMIJTELEN Jan. Membre du Conseil de Surveillance : ALLEGOT Laurent. Membre du Conseil de Surveillance : GRILLAERT Alain Charles Hugo. Membre du Conseil de Surveillance : BANCBOSTON INVESTMENTS INC représenté par DE BACKER Bernard. Vice-président et membre du conseil de surveillance : SALM Jean. Commissaire aux comptes titulaire : KPMG (SACA) représenté par BADETZ Alain. Co-commissaire aux comptes titulaire : BLV (SARL) représenté par FRANCOIS Thierry. Commissaire aux comptes suppléant : ZEIMETT Patrick. Co-commissaire aux comptes suppléant : DUCHARME Emmanuel. Commentaires : Modification survenue sur l'administration.
29/07/2008	Bodacc C	Comptes annuels et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 1255 - 428747703 RCS. FINANCIERE C 10. Forme : Société anonyme à directoire et à conseil de surveillance. Adresse : 35 rue des Bas Trevois 10000 Troyes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
29/07/2008	Bodacc C	Comptes consolidés et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 1256 - 428747703 RCS. FINANCIERE C 10. Forme : Société anonyme à directoire et à conseil de surveillance. Adresse : 35 rue des Bas Trevois 10000 Troyes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
28/12/2007	Bodacc C	Avis de dépôt des comptes
750 - 428 747 703. RCS Troyes FINANCIERE C 10. Forme: Société anonyme à directoire et à conseil de surveillance. Adresse du siège social: 35 rue des Bas Trevois 10000 Troyes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
19/12/2006	Bodacc B	Modifications et mutations diverses
0116 - RCS Troyes B 428 747 703. RC 00-B 163. FINANCIERE C 10. Forme : S.A. à directoire et conseil de surveillance. Adresse du siège social : 35 rue des Bas-Trévois,, 10000 Commentaires : modification survenue sur l'administration. Administration : président du directoire : ARMAND (Robert) (Nom d'usage : ARMAND). Membre du directoire : ROBERT (Jean, Paul) (Nom d'usage : ROBERT). Président du conseil de surveillance : TERMIJTELEN (Jan) (Nom d'usage : TERMIJTELEN). Vice-président du conseil de surveillance : CORDIER (Francis) (Nom d'usage : CORDIER). Membres du conseil de surveillance : ALLEGOT (Laurent) (Nom d'usage : ALLEGOT) GRILLAERT (Alain, Charles, Hugo) (Nom d'usage : GRILLAERT) BANCBOSTON INVESTMENTS INC, représentée par DE BACKER (Bernard) (Nom d'usage : DE BACKER). Commissaire aux comptes titulaire : K.P.M.G., représentée par BADETZ (Alain) (Nom d'usage : BADETZ). Co-commissaire aux comptes titulaire : BLV, représentée par FRANÇOIS (Thierry) (Nom d'usage : FRANÇOIS). Commissaire aux comptes suppléant : ZEIMETT (Patrick) (Nom d'usage : ZEIMETT). Co-commissaire aux comptes suppléant : DUCHARME (Emmanuel) (Nom d'usage : DUCHARME). Date d'effet : 2 juin 2006.
05/09/2006	Bodacc C	Avis de dépôt des comptes
224 - RCS Troyes B 428 747 703. RC 00-B 163. FINANCIERE C 10. Forme: SOCIETE ANONYME A DIRECTOIRE ET A CONSEIL DE SURVEILLANCE. Adresse du siège social: 35, rue des Bas Trevois,10000 Troyes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
19/08/2005	Bodacc B	Modifications et mutations diverses
230 - RCS Troyes B 428 747 703. RC 00-B 163. FINANCIERE C 10. Forme : S.A. à directoire et conseil de surveillance. Adresse du siège social : 35 rue des Bas-Trévois,, 10000 Commentaires : modification survenue sur l'administration. Administration : président du directoire : ARMAND (Robert) (Nom d'usage : ARMAND). Membre du directoire : ROBERT (Jean, Paul) (Nom d'usage : ROBERT). Président du conseil de surveillance : TERMIJTELEN (Jan) (Nom d'usage : TERMIJTELEN). Vice-président du conseil de surveillance : CORDIER (Francis) (Nom d'usage : CORDIER). Membres du conseil de surveillance : ALLEGOT (Laurent) (Nom d'usage : ALLEGOT) BANCBOSTON INVESTMENTS INC, représentée par JAMIESON (Iain, Alexander) (Nom d'usage : JAMIESON) GRILLAERT (Alain, Charles, Hugo) (Nom d'usage : GRILLAERT). Commissaires aux comptes titulaires : BARBIER FRINAULT & AUTRES CHARON (Claude) (Nom d'usage : CHARON). Commissaires aux comptes suppléants : GALIPPE (Gilles) (Nom d'usage : GALIPPE) DUPONCHEL (Frédéric) (Nom d'usage : DUPONCHEL). Date d'effet : 24 mars 2005.
22/06/2005	Bodacc C	Avis de dépôt des comptes
539 - RCS Troyes B 428 747 703. RC 00-B 163. FINANCIERE C 10. Forme: SOCIETE ANONYME A DIRECTOIRE ET A CONSEIL DE SURVEILLANCE. Adresse du siège social: 35, rue des Bas Trevois,10000 Troyes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
03/03/2004	Bodacc B	Modifications et mutations diverses
RCS Troyes B 428747703 RC 00-B 163 FINANCIERE C 10. Forme : S.A. à directoire et conseil de surveillance. Adresse du siège social : 35 rue des Bas- Trévois, 10000 Troyes. Commentaires : modification survenue sur l' administration. Administration : président du directoire : ARMAND ( Robert) ( Nom d'usage : ARMAND). Membre du directoire : ROBERT (Jean, Paul) ( Nom d'usage : ROBERT). Président du conseil de surveillance : TERMIJTELEN (Jan) ( Nom d'usage : TERMIJTELEN). Vice-président du conseil de surveillance : CORDIER (Francis) ( Nom d'usage : CORDIER). Membres du conseil de surveillance : ALLEGOT ( Laurent) ( Nom d'usage : ALLEGOT) BANCBOSTON INVESTMENTS INC, représentée par JAMIESON (Iain, Alexander) ( Nom d' usage : JAMIESON) GRILLAERT (Alain, Charles, Hugo) ( Nom d'usage : GRILLAERT). Commissaires aux comptes titulaires : BARBIER FRINAULT ET AUTRES CHARON (Claude) ( Nom d'usage : CHARON) . Commissaires aux comptes suppléants : GALIPPE (Gilles) ( Nom d'usage : GALIPPE) DUPONCHEL (Frédéric) ( Nom d' usage : DUPONCHEL). Date d'effet : 6 novembre 2003.
31/08/2003	Bodacc B	Modifications et mutations diverses
RCS Troyes B 428747703 RC 00-B 163 FINANCIERE C 10. Forme : S.A. à directoire et conseil de surveillance. Capital : 3 358 800 euros. Adresse du siège social : 35 rue des Bas-Trévois, 10000 Troyes. Commentaires : modification survenue sur l'administration. Administration : président du directoire ARMAND (Robert) ( Nom d'usage : ARMAND) . Membre du directoire : ROBERT (Jean, Paul) ( Nom d'usage : ROBERT). Président du conseil de surveillance : TERMIJTELEN (Jan) ( Nom d'usage : TERMIJTELEN). Vice-président du conseil de surveillance : CORDIER (Francis) ( Nom d'usage : CORDIER). Membres du conseil de surveillance : ALLEGOT ( Laurent) ( Nom d'usage : ALLEGOT) BANCBOSTON INVESTMENTS INC, représentée par JAMIESON (Iain, Alexander) ( Nom d' usage : JAMIESON) VAN LOOK (Kris) ( Nom d'usage : VAN LOOK). Commissaires aux comptes titulaires : BARBIER FRINAULT ET AUTRES CHARON (Claude) ( Nom d'usage : CHARON). Commissaires aux comptes suppléants : GALIPPE ( Gilles) ( Nom d'usage : GALIPPE) DUPONCHEL (Frédéric) ( Nom d'usage : DUPONCHEL). Date d'effet : 5 mai 2003.
15/07/2003	Bodacc B	Modifications et mutations diverses
RCS Troyes B 428747703 RC 00-B 163 FINANCIERE C 10. Forme : S.A. à directoire et conseil de surveillance. Capital : 3 358 800 euros. Adresse du siège social : 35 rue des Bas-Trévois, 10000 Troyes. Commentaires : modification survenue sur l'administration. Administration : président du directoire ARMAND (Robert) ( Nom d'usage : ARMAND) . Membre du directoire : ROBERT (Jean, Paul) ( Nom d'usage : ROBERT). Président du conseil de surveillance : TERMIJTELEN (Jan) ( Nom d'usage : TERMIJTELEN). Vice-président du conseil de surveillance : CORDIER (Francis) ( Nom d'usage : CORDIER). Membres du conseil de surveillance : ALLEGOT ( Laurent) ( Nom d'usage : ALLEGOT) BANCBOSTON INVESTMENTS INC, représentée par JAMIESON (Iain, Alexander) ( Nom d' usage : JAMIESON) VAN LOOK (Kris) ( Nom d'usage : VAN LOOK). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : GALIPPE (Gilles) ( Nom d'usage : GALIPPE). Date d'effet : 11 septembre 2002.
14/04/2002	Bodacc B	Modifications et mutations diverses
RCS Troyes B 428747703 RC 00-B 163 FINANCIERE C 10. Forme : S.A. à directoire et conseil de surveillance. Capital : 3 358 800 euros. Adresse du siège social : 35 rue des Bas-Trévois, 10000 Troyes. Commentaires : modification survenue sur l'administration. Administration : président du directoire ARMAND (Robert) ( Nom d'usage : ARMAND) . Membre du directoire : ROBERT (Jean- Paul) ( Nom d'usage : ROBERT). Président du conseil de surveillance : TERMIJTELEN (Jan) ( Nom d'usage : TERMIJTELEN). Vice-président du conseil de surveillance : CORDIER (Francis) ( Nom d'usage : CORDIER). Membres du conseil de surveillance : ALLEGOT ( Laurent) ( Nom d'usage : ALLEGOT) BANCBOSTON INVESTMENTS I.N.C., représentée par MABILLE (Martin) ( Nom d'usage : MABILLE) VAN LOOK (Kris) ( Nom d'usage : VAN LOOK). Commissaire aux comptes titulaire : BARBIER FRINAULT & AUTRES. Commissaire aux comptes suppléant : GALIPPE (Gilles) ( Nom d'usage : GALIPPE). Date d'effet : 14 mars 2002.
05/07/2001	Bodacc B	Modifications et mutations diverses
RCS Troyes B 428747703 RC 00-B 163 FINANCIERE C 10. Forme : S.A. à directoire et conseil de surveillance. Capital : 3 358 800 euros. Adresse du siège social : 35 rue des Bas-Trévois, 10000 Troyes. Commentaires : modification survenue sur l'administration. Administration : président du directoire ARMAND (Robert) ( Nom d'usage : ARMAND) . Membre du directoire : ROBERT (Jean, Paul) ( Nom d'usage : ROBERT). Président du conseil de surveillance : ALLEGOT (Laurent) ( Nom d'usage : ALLEGOT). Membres du conseil de surveillance : BANCBOSTON INVESTMENTS INC, représentée par MABILLE (Martin) ( Nom d'usage : MABILLE) VAN LOOK ( Kris) ( Nom d'usage : VAN LOOK) TERMIJTELEN (Jan) ( Nom d'usage : TERMIJTELEN) CORDIER (Francis) ( Nom d'usage : CORDIER). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : GALIPPE (Gilles) ( Nom d' usage : GALIPPE). Date d'effet : 13 décembre 2000.
18/10/2000	Bodacc B	Modifications et mutations diverses
RCS Troyes B 428747703 RC 00-B 163 FINANCIERE C 10. Forme : S.A. à directoire et conseil de surveillance. Capital : 3 358 800 euros. Adresse du siège social : 35 rue des Bas-Trévois, 10000 Troyes. Commentaires : modification survenue sur le capital (augmentation) et l'administration. Administration : président du directoire : ARMAND ( Robert) ( Nom d'usage : ARMAND). Membre du directoire : ROBERT (Jean, Paul) ( Nom d'usage : ROBERT). Président du conseil de surveillance : ALLEGOT (Laurent) ( Nom d'usage : ALLEGOT). Membres du conseil de surveillance : BANCBOSTON INVESTMENTS I. N.C., représentée par MABILLE (Martin) ( Nom d'usage : MABILLE) GRILLAERT ( Alain) ( Nom d'usage : GRILLAERT) TERMIJTELEN (Jan) ( Nom d'usage : TERMIJTELEN) CORDIER (Francis) ( Nom d'usage : CORDIER). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : GALIPPE (Gilles) ( Nom d' usage : GALIPPE). Date d'effet : 26 juin 2000.
21/05/2000	Bodacc B	Modifications et mutations diverses
RCS Troyes B 428747703 RC 00-B 163 FINANCIERE C 10. Forme : S.A. à directoire et conseil de surveillance. Capital : 3 553 700 euros. Adresse du siège social : 35 rue des Bas-Trévois, 10000 Troyes. Administration : président du directoire : ROBERT (Armand) ( Nom d' usage : ROBERT). Membre du directoire : ROBERT (Jean, Paul) ( Nom d'usage : ROBERT). Président du conseil de surveillance : ALLEGOT (Laurent) ( Nom d'usage : ALLEGOT). Vice-président du conseil de surveillance : FESSART ( Philippe) ( Nom d'usage : FESSART). Membres du conseil de surveillance : BANCBOSTON INVESTMENTS INC., représentée par MABILLE (Martin) ( Nom d'usage : MABILLE) GRILLAERT (Alain) ( Nom d'usage : GRILLAERT) TERMIJTELEN (Jan) ( Nom d'usage : TERMIJTELEN). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : GALIPPE (Gilles) ( Nom d'usage : GALIPPE) Etablissement principal: Activité : prise de participations dans toutes entreprises par tous moyens. Adresse : 35 rue des Bas-Trévois, 10000 Troyes. Commentaires : immatriculation d' une personne morale suite au transfert de l'activité hors ressort du greffe du tribunal de commerce de Paris. Date d'effet : 16 décembre 1999.
30/03/2000	Bodacc B	Modifications et mutations diverses
*. RCS Paris B 428 747 703 RC 99-B 19702 FINANCIERE C. 10. Forme : S.A. à directoire et conseil de surveillance. Capital : 2 996 400 euros. Commentaires : modification survenue sur l' administration et le capital ( augmentation). Administration : modification : président du directoire : ARMAND (Robert) Nomination en qualité de membre du directoire : ROBERT (Jean, Paul). Suppression : membre du conseil de surveillance : HORPS (Michel). Nomination en qualité de membres du conseil de surveillance : BANCBOSTON INVESTMENTS I.N.C. G.I.M.V. N.V. TERMIJTELEN (Jan).
13/01/2000	Bodacc A	Création d'établissement
RCS Paris B 428747703 RC 99-B 19702 FINANCIERE C. 10. Forme : S.A. à directoire et conseil de surveillance. Capital : 250 000 F. Activité : prise de participations dans toutes entreprises par tous moyens. Adresse du siège social : 63, rue Pierre-Charron 75008 Paris. Administration : président du conseil de surveillance : ALLEGOT (Laurent). Vice- président et membre du conseil de surveillance : FESSART (Philippe) Directeur général unique : ARMAND ( Robert). Membre du conseil de surveillance : HORPS (Michel). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : GALIPPE (Gilles) Cette société se constitue Date de début d'activité: 16 décembre 1999.

COMPANY EVENTS HISTORY

Date	Description
16/12/2014	Appointment/resignation of company officers
16/12/2014	Amendment
04/12/2014	Legal Gazette: Appointment of the social representative
16/07/2014	Bodacc C : Deposit accounts notice
05/07/2014	Update Rating
05/07/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2013	New accounts available
11/12/2013	Bodacc B: Various editing or changing
26/11/2013	New chairman (CEO, CoB)
26/11/2013	Amendment
16/10/2013	Update Rating
16/10/2013	Update Limit
05/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/08/2013	Update Rating
01/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
12/05/2013	Bodacc B: Various editing or changing
22/04/2013	Amendment
22/04/2013	Changes to the Board of Directors
21/03/2013	Legal Gazette: Resignation / Revocation of the social representative
05/02/2013	Legal Gazette: Appointment of the social representative
31/12/2012	New accounts available
21/07/2012	Bodacc C : Deposit accounts notice
17/07/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	New accounts available
04/11/2011	Disengagement of the group
04/11/2011	New subsidiarie(s) detected
04/11/2011	New ultimate parent
04/11/2011	New parent detected
27/10/2011	Bodacc B: Various editing or changing
04/10/2011	New auditor
04/10/2011	Changement de Commissaire aux Comptes
04/10/2011	PV d'Assemblée
04/10/2011	Minutes of general meeting of shareholders
11/07/2011	Bodacc C : Deposit accounts notice
30/06/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
09/09/2010	Bodacc C : Deposit accounts notice
31/03/2010	Bodacc B: Various editing or changing
02/03/2010	New subsidiarie(s) detected
02/03/2010	Minutes of general meeting of shareholders
02/03/2010	Rapport des Commissaires ou du Gérant
02/03/2010	Changement de Forme Juridique avec changement de catégorie
02/03/2010	Updated articles of association
02/03/2010	Statuts mis à jour
02/03/2010	PV d'Assemblée
02/03/2010	Audit or Management Report
12/02/2010	Other modification of Establishment (error correction)
12/02/2010	Update of Company Legal Form
04/02/2010	Bodacc B: Various editing or changing
14/01/2010	Acte modificatif
11/01/2010	Acte modificatif
11/01/2010	New auditor
11/01/2010	Changement de Commissaire aux Comptes
11/01/2010	PV d'Assemblée
11/01/2010	Minutes of general meeting of shareholders
31/12/2009	New accounts available
31/12/2009	New consolidated accounts available
09/07/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
31/12/2008	New consolidated accounts available
03/09/2008	Bodacc B: Various editing or changing
03/09/2008	New Bodacc B ads detected
31/07/2008	Private document
31/07/2008	Appointment/resignation of company officers
31/07/2008	PV d'Assemblée
31/07/2008	Minutes of general meeting of shareholders
31/07/2008	Acte modificatif
29/07/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
31/12/2007	New consolidated accounts available
31/12/2006	New accounts available
24/11/2006	Private document
24/11/2006	Appointment/resignation of company officers
24/11/2006	PV d'Assemblée
24/11/2006	Minutes of general meeting of shareholders
24/11/2006	Changement de Commissaire aux Comptes
24/11/2006	New auditor
31/12/2005	New accounts available
24/06/2005	Minutes of general meeting of shareholders
24/06/2005	Acte sous seing privé
24/06/2005	Private document
24/06/2005	PV d'Assemblée
24/06/2005	Acte modificatif
24/06/2005	Amendment
31/12/2004	New accounts available
30/01/2004	Acte sous seing privé
30/01/2004	Acte modificatif
30/01/2004	Nomination/démission des organes de gestion
30/01/2004	PV d'Assemblée
31/12/2003	New accounts available
25/07/2003	Nomination/démission des organes de gestion
25/07/2003	Changement de Commissaire aux Comptes
25/07/2003	PV d'Assemblée
25/07/2003	Acte sous seing privé
02/06/2003	PV d'Assemblée
02/06/2003	Acte sous seing privé
02/06/2003	Acte modificatif
20/03/2002	PV d'Assemblée
20/03/2002	Acte modificatif
20/03/2002	Nomination/démission des organes de gestion
20/03/2002	Acte sous seing privé
22/05/2001	Nomination/démission des organes de gestion
22/05/2001	PV d'Assemblée
22/05/2001	Acte sous seing privé
22/05/2001	Acte modificatif
14/09/2000	Déclaration de conformité
14/09/2000	PV d'Assemblée
14/09/2000	Nomination/démission des organes de gestion
14/09/2000	Augmentation de Capital
14/09/2000	Fusion
14/09/2000	Acte modificatif
14/09/2000	Statuts mis à jour
14/09/2000	Acte sous seing privé
16/05/2000	Acte modificatif
12/05/2000	Nomination/démission des organes de gestion
12/05/2000	Requête et Ordonnance
21/04/2000	Statuts mis à jour
21/04/2000	Transfert du Siège dans le ressort du Tribunal de Commerce
21/04/2000	Immatriculation suite à transfert
21/04/2000	PV d'Assemblée
21/04/2000	Nomination/démission des organes de gestion
21/04/2000	Acte sous seing privé
21/04/2000	Augmentation de Capital
22/03/2000	Acte sous seing privé
22/03/2000	Rapport des Commissaires ou du Gérant
14/03/2000	PV d'Assemblée
14/03/2000	Changement de Président (PDG, PCA)
14/03/2000	Statuts mis à jour
14/03/2000	Nomination/démission des organes de gestion
14/03/2000	Augmentation de Capital
14/03/2000	Conversion du Capital Social en Euros
14/03/2000	Acte sous seing privé
14/03/2000	Certificat de dépôt des fonds
25/02/2000	Requête et Ordonnance
25/02/2000	Nomination/démission des organes de gestion
24/12/1999	Formation de Société
24/12/1999	Acte sous seing privé
24/12/1999	Statuts
24/12/1999	Nomination/démission des organes de gestion
24/12/1999	PV d'Assemblée
24/12/1999	Certificat de dépôt des fonds

directors

Name	M. PATTABIRAMAN RAMACHANDRAN
Manager position	President	Date of birth	17/10/1958
Place of birth	MILATTUR(INDE)
Type	Individual	Name at birth

Name	M. BOURGEOIS JEAN HUGUES CLÉMENT ROBERT
Manager position	Managing director	Date of birth	07/06/1962
Place of birth	AVESNES-SUR-HELPE (59)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M ROBERT ARMAND	6/11/1945 - FIRMINY (42)
Managing director	M JEAN-PAUL ROBERT	11/13/1948 - ORIGNY-SAINTE-BENOITE (02)
President of the management board	M ROBERT ARMAND	6/11/1945 - FIRMINY
President of the supervisory council	M JAN TERMIJTELEN	9/26/1942 - WINDSOR ROYAUME UNI

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.07
UK Pound	1	Rs.98.73
Euro	1	Rs.77.46

INFORMATION DETAILS

Analysis Done by :	SUM
Report Prepared by :	TPT

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.