.

MIRA INFORM REPORT

Report Date :

28.01.2014

IDENTIFICATION DETAILS

Name :	EFFBE-GAMMA SAS
Registered Office :	Gamma-Amortisseurs, 7 Rue Du 8 Mai 1945, 94470 Boissy Saint Leger
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	February 1955
Com. Reg. No.:	RCS Creteil 0 552 029 225
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesale trader of various industrial supplies and equipment such as mitigation shock, vibration and noise reduction in military and civilian applications.
No. of Employees :	15 (31.12.2012)

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 – december 01, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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 79 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 reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011, before stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 10.3% in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high unemployment costs have strained France's public finances. The budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.5% of GDP in 2012, while France's public debt rose from 68% of GDP to 89% over the same period. Under President SARKOZY, Paris implemented some austerity measures to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt. Socialist Party candidate Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, and hiring an additional 60,000 teachers during his five-year term. The government's attempt to introduce a 75% wealth tax on income over one million euros for two years was struck down by the French Constitutional Council in December 2012 because it applied to individuals rather than households. France ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's government has maintained France's commitment to meeting the budget deficit target of 3% of GDP during 2013 even amid signs that economic growth will be lower than the government's forecast of 0.8%. Despite stagnant growth and fiscal challenges, France's borrowing costs declined during the second half of 2012 to euro-era lows.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Name

EFFBE-GAMMA SAS

SIRET

552 029 225 00034

Company summary

		EUR VAT Number	FR91552029225
Activity (APE)	Wholesale trader of various industrial supplies and equipment such as mitigation shock, vibration and noise reduction in military and civilian applications.	Legal form	Simplified joint stock company
Phone	01 56 32 30 20	RCS Registration	RCS Creteil 0 552 029 225
Fax		Share capital	155,000 Euros
Address	EFFBE-GAMMA SAS GAMMA-AMORTISSEURS 7 RUE DU 8 MAI 1945 94470 BOISSY SAINT LEGER	Incorporated Date	02/1955
Nationality	France	Status	Economically active

Company details

Activity (APE)	Wholesale trader of various industrial supplies and equipment such as mitigation shock, vibration and noise reduction in military and civilian applications.
RCS Registration	RCS Creteil 0 552 029 225	Share capital	155,000 Euros
Registration Court	Creteil (94)	Legal form	Simplified joint stock company
Court Registry Number	20 0 3B00997	EUR VAT Number	FR91552029225
Incorporation Date	02/1955	Formation Date	01/1980
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Wholesale trader of various industrial supplies and equipment such as mitigation shock, vibration and noise reduction in military and civilian applications.	Business Pages FT®
Postal Address	EFFBE-GAMMA SAS GAMMA-AMORTISSEURS 7 RUE DU 8 MAI 1945 94470 BOISSY SAINT LEGER	Trading Address	7 RUE DU 8 MAI 1945 94470 BOISSY SAINT LEGER
Telephone	01 56 32 30 20
Fax

Type	Head office	Status	Economically active
Formation Date	02/2003	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Val-de-Marne (94)	Region	Ile-de-France
District	1	Area	02
City	BOISSY SAINT LEGER	Size of urban area	Paris conglomeration

Other establishments

Branches	1 branch entities in this company
Head office	> EFFBE-GAMMA SAS <<<  - Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)  in BOISSY SAINT LEGER  (94470)
Secondary establishments	>  EFFBE-GAMMA SAS  - Commerce de gros de fournitures et équipements industriels divers (518M)  in SURESNES  (92150)

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

DIRECTORS/MANAGEMENT

Directors

Name	M. ILTIS ANDRÉ
Manager position	Managing director	Date of birth	17/01/1962
Place of birth	WISSEMBOURG
Type	Individual	Name at birth

Name	M. KRACHT HANS JÜRGEN
Manager position	President	Date of birth	06/06/1962
Place of birth	PADERBORN (ALLEMAGNE)
Type	Individual	Name at birth

Previous Directors

View the director’s history for this company
If you want to view the director’s history, please click on the link view details.

Manager position	Title and name	Date of Birth/Place of Birth
President	M JEAN-MICHEL BUTTERLIN	- - -
President	M JEAN-MICHEL BUTTERLIN	05/02/1947 - MULHOUSE

NEGATIVE INFORMATION

No negative information found.

SHARE & SHARE CAPITAL INFORMATION

Shareholders

No Shareholders available for this company

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

Group Structure

No group information available for the company

FINANCIAL INFORMATION

Trends

Profitability

Liquidity

Net worth

Accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	06/06/2013	26/07/2012	04/07/2011
Activity Code	4669B	4669B	4669B
Employees	15	0	0

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	98 743	38,8%	71 163	-93,3%	1 066 855	33 856	191,7%
- Intangible assets	93	-26,8%	127	-95,3%	2 701	0	0%
- Tangible assets	75 104	64,5%	45 658	-28,4%	63 776	14 186,50	429,4%
- Financial assets	23 546	-7,2%	25 378	-97,5%	1 000 378	2 111	1015,4%
Net current assets	1 309 390	-3,3%	1 354 139	5,2%	1 287 679	425 533	207,7%
- Stocks	359 572	2,7%	350 248	11,1%	315 201	51 995	591,6%
- Advanced payments	0	-3,3%	0	0%	71	0	0%
- Receivables	905 152	58,5%	571 002	4,0%	548 878	206 382,50	338,6%
- Securities and cash	44 666	-89,7%	432 889	2,2%	423 529	62 541	-28,6%
- Prepaid expenses	-	-	-	-	-	262	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	1 408 134	-1,2%	1 425 302	-39,5%	2 354 533	500 762	181,2%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	957 358	-0,3%	960 706	26,2%	761 463	168 409,50	468,5%
Share capital	155 000	0%	155 000	0%	155 000	37 000	318,9%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	450 777	-3,0%	464 596	-70,8%	1 593 070	274 984,50	63,9%
- Financial liabilities	0	0%	0	0%	0	21 578,50	0%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	162 051	-43,9%	288 727	0,5%	287 378	110 477	46,7%
- Tax and social liabilities	288 659	64,1%	175 869	-86,5%	1 302 717	74 291	288,6%
- Other debts and fixed assets liabilities	67	0%	0	0%	2 975	4 489	-98,5%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	1 408 134	-1,2%	1 425 302	-39,5%	2 354 533	500 762,50	181,2%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	3 341 473	14,9%	2 908 062	18,7%	2 448 971	888 191,50	276,2%
Net turnover	3 325 311	16,3%	2 859 735	16,8%	2 447 381	874 052,50	280,4%
- of which net export turnover	999 620	31,5%	760 327	58,8%	478 811	0	0%
Operating charges	2 818 105	8,7%	2 593 311	19,2%	2 175 703	843 424	234,1%
Operating profit/loss	523 368	66,3%	314 751	15,2%	273 268	25 656	1939,9%
Financial income	10 239	20,9%	8 466	-88,6%	74 005	217,50	4607,6%
Financial charges	9 313	-39,0%	15 272	2182,8%	669	1 370	579,8%
Financial profit/loss	926	113,6%	-6 806	-109,3%	73 336	-187	595,2%
Pretax net operating income	524 294	70,3%	307 945	-11,2%	346 604	24 821	2012,3%
Extraordinary income	1 976	0%	0	0%	0	249,50	692,0%
Extraordinary charges	1 901	2504,1%	73	0%	0	308	517,2%
Extraordinary profit/loss	75	202,7%	-73	0%	0	0	0%
Net result	346 652	74,0%	199 242	-12,8%	228 361	21 604,50	1504,5%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2012	31/12/2011	31/12/2010
Months	12	12	12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to VI)	Net	1 408 134	-1,2%	1 425 302	-39,5%	2 354 533
Gross	CO	2 169 774	0,2%	2 164 568	-29,1%	3 053 680
Amortisation	1A	761 640	3,0%	739 266	5,7%	699 147

Non-declared distributed capital (I)

		31/12/2012		31/12/2011		31/12/2010
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		31/12/2012		31/12/2011		31/12/2010
Total Active fixed asset (II)	Net	98 743	38,8%	71 163	-93,3%	1 066 855
Gross	BJ	821 434	5,2%	781 005	-55,3%	1 746 755
Amortisation	BK	722 691	1,8%	709 842	4,4%	679 900

Intangible fixed assets

			31/12/2012		31/12/2011		31/12/2010
	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	93	-26,8%	127	-95,3%	2 701
	Gross	AF	46 748	3,1%	45 348	4,6%	43 348
	Amortisation	AG	46 655	3,2%	45 221	11,3%	40 647
	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	93	-26,8%	127	-95,3%	2 701

Tangible fixed assets

		31/12/2012		31/12/2011		31/12/2010
Lands	Net	0	0%	0	0%	0
Gross	AN	0	0%	0	0%	0
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	9 394	-29,6%	13 339	-48,9%	26 096
Gross	AP	324 026	0%	324 026	0%	324 026
Amortisation	AQ	314 632	1,3%	310 687	4,3%	297 930
Plant	Net	41 422	67,4%	24 741	-14,2%	28 829
Gross	AR	364 691	6,5%	342 499	2,4%	334 419
Amortisation	AS	323 269	1,7%	317 758	4,0%	305 590
Other tangible fixed assets	Net	24 288	220,5%	7 578	7,7%	7 034
Gross	AT	62 118	43,0%	43 449	2,3%	42 462
Amortisation	AU	37 830	5,5%	35 871	1,3%	35 428
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%	1 817
Gross	AX	0	0%	0	0%	1 817
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	75 104		45 658		63 776

Financial assets

		31/12/2012		31/12/2011		31/12/2010
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	305	0%	305	0%	0
Gross	CU	305	0%	305	0%	305
Amortisation	CV	0	0%	0	0%	305
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	-305	0%	-305	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	305	0%	305	0%	0
Loans	Net	8 368	-18,0%	10 200	-99,0%	985 200
Gross	BF	8 368	0%	10 200	0%	985 200
Amortisation	BG	0		0		0
Other financial assets	Net	15 178	0%	15 178	0%	15 178
Gross	BH	15 178	0%	15 178	0%	15 178
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		23 546		25 378		1 000 378

Current Assets (III)

		31/12/2012		31/12/2011		31/12/2010
Total Assets	Net	1 309 390	-3,3%	1 354 139	5,2%	1 287 679
Gross	CJ	1 348 339	-2,5%	1 383 563	5,9%	1 306 925
Amortisation	CK	38 949	32,4%	29 424	52,9%	19 246

Stocks

		31/12/2012		31/12/2011		31/12/2010
Raw materials	Net	263 754	1,9%	258 868	10,1%	235 109
Gross	BL	286 456	3,0%	278 041	13,2%	245 586
Amortisation	BM	22 702	18,4%	19 173	83,0%	10 477
Work in progress (goods)	Net	33 316	-2,3%	34 108	108,2%	16 381
Gross	BN	33 316	-2,3%	34 108	108,2%	16 381
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	62 502	9,1%	57 272	-10,1%	63 711
Gross	BR	78 749	16,6%	67 523	-6,8%	72 480
Amortisation	BS	16 247	58,5%	10 251	16,9%	8 769
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	359 572	2,7%	350 248	11,1%	315 201

Advance payments to suppliers

		31/12/2012		31/12/2011		31/12/2010
Advance payments to suppliers	Net	0	0%	0	0%	71
Gross	BV	0	0%	0	0%	71
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2012		31/12/2011		31/12/2010
Trade accounts receivable	Net	434 890	-15,7%	515 690	9,2%	472 319
Gross	BX	434 890	-15,7%	515 690	9,2%	472 319
Amortisation	BY	0	0%	0	0%	0
Other debtors	Net	462 216	1125,7%	37 710	-41,1%	64 063
Gross	BZ	462 216	1125,7%	37 710	-41,1%	64 063
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	897 106	62,1%	553 400	3,2%	536 382

Divers

		31/12/2012		31/12/2011		31/12/2010
Investment securities	Net	4 176	0%	4 176	0%	4 176
Gross	CD	4 176	0%	4 176	0%	4 176
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	40 490	-90,6%	428 713	2,2%	419 353
Gross	CF	40 490	-90,6%	428 713	2,2%	419 353
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	44 666	-89,7%	432 889	2,2%	423 529

Prepaid expenses

		31/12/2012		31/12/2011		31/12/2010
Prepaid expenses	Net	8 046	-54,3%	17 602	40,9%	12 496
Gross	CH	8 046	-54,3%	17 602	40,9%	12 496
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	0	0%	0	0%	1 000 378
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to V)	EE	1 408 134	-1,2%	1 425 302	-39,5%	2 354 533

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	957 358	-0,3%	960 706	26,2%	761 463
	Equity and shareholders' equity	DA	155 000	0%	155 000	0%	155 000
	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	15 500	0%	15 500	0%	15 500
	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	440 206	-25,5%	590 964	63,0%	362 602
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	0	0%	0
	Profit or loss for the period	DI	346 652	74,0%	199 242	-12,8%	228 361
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2012		31/12/2011		31/12/2010
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/12/2012		31/12/2011		31/12/2010
	Total provisions for risks and charges (Total III)	DR	0	0%	0	0%	0
	Risk provisions	DP	0	0%	0	0%	0
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2012		31/12/2011		31/12/2010
	Total Liabilities (Total IV)	EC	450 777	-3,0%	464 596	-70,8%	1 593 070
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	0	0%	0
	Sundry loans and financial liabilities	DV	0	0%	0	0%	0
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	162 051	-43,9%	288 727	0,5%	287 378
	Tax and social security liabilities	DY	288 659	64,1%	175 869	-86,5%	1 302 717
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	67	0%	0	0%	2 975

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	450 776	-3,0%	464 596	-70,8%	1 593 070
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2012		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	523 368	66,3%	314 751	15,2%	273 268

2 - Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	926	113,6%	-6 806	-109,3%	73 336

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

		31/12/2012		31/12/2011		31/12/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	524 294	70,3%	307 945	-11,2%	346 604

4 - Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	75	202,7%	-73	0%	0

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	346 652	74,0%	199 242	-12,8%	228 361

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	3 353 688	15,0%	2 916 528	15,6%	2 522 976

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

		31/12/2012		31/12/2011		31/12/2010
Total charges (Total II+IV+VI+VIII+IX+X)	HM	3 007 036	10,7%	2 717 286	18,4%	2 294 617

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	3 341 473	14,9%	2 908 062	18,7%	2 448 971

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	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	3 257 033	15,3%	2 825 378	17,3%	2 407 838
	France	FD	2 260 270	8,8%	2 076 634	7,5%	1 932 467
	Export	FE	996 763	33,1%	748 744	57,5%	475 371
	Sale of services	FI	68 278	98,7%	34 357	-13,1%	39 543
	France	FG	65 421	187,3%	22 774	-36,9%	36 103
	Export	FH	2 857	-75,3%	11 583	236,7%	3 440
	Net turnover	FL	3 325 311	16,3%	2 859 735	16,8%	2 447 381
	France	FJ	2 325 691	10,8%	2 099 408	6,6%	1 968 570
	Export	FK	999 620	31,5%	760 327	58,8%	478 811
	Stocked production	FM	10 435	-18,3%	12 770	187,0%	-14 683
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	2 000	109,6%	954
	Release of reserves and provisions	FP	1 410	-93,3%	21 046	835,4%	2 250
	Other income	FQ	4 317	-65,5%	12 511	-4,3%	13 069

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	2 818 105	8,7%	2 593 311	19,2%	2 175 703

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
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	878 113	11,3%	788 890	16,8%	675 500
Change in stocks of raw materials	FV	-8 415	74,1%	-32 455	11,4%	-36 626
Other external purchases and charges	FW	924 671	5,5%	876 071	32,0%	663 577
Tax, duty and similar payments	FX	38 719	8,9%	35 568	19,0%	29 896
Payroll	FY	645 895	12,2%	575 787	9,2%	527 237
Social security costs	FZ	311 706	8,1%	288 416	15,5%	249 712

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	17 886	-43,4%	31 584	-45,4%	57 886
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	9 524	-67,6%	29 424	245,8%	8 510
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	06	-76,9%	26	136,4%	11

Operating charges (III-IV)

		31/12/2012		31/12/2011		31/12/2010
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/12/2012		31/12/2011		31/12/2010
	Total financial income (Total V)	GP	10 239	20,9%	8 466	-88,6%	74 005
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	4 550	-92,7%	62 082
	Other interest and similar income	GL	530	-82,0%	2 938	129,5%	1 280
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	9 709	892,7%	978	-90,8%	10 643
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2012		31/12/2011		31/12/2010
	Total financial charge (Total VI)	GU	9 313	-39,0%	15 272	2182,8%	669
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	8 861	518,4%	1 433	179,9%	512
	Exchange losses	GS	452	-96,7%	13 839	8714,6%	157
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary income (Total VII)	HD	1 976	0%	0	0%	0
	Extraordinary operating income	HA	1 976	0%	0	0%	0
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	1 901	2504,1%	73	0%	0
	Extraordinary operating charges	HE	-73	-200%	73	0%	0
	Extraordinary charges from capital transactions	HF	1 974	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2012		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	177 717	63,6%	108 630	-8,1%	118 245

References

		31/12/2012		31/12/2011		31/12/2010
Of which equipment leases	HP	0	0%	15 338	-16,3%	18 324
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	1 800	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increases due to revaluation	OH	0	0%	0	0%	0
	Decreases, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decrease’s by budget item transfer	OK1	0	0%	1 817	0%	0
	Decreases by transfers	OK2	8 843	-99,1%	976 642	3654,3%	26 014
	Gross value at the end of period	OL	821 434	5,2%	781 005	-55,3%	1 746 755

Research and development Charge (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increases due to revaluation	KB	0	0%	0	0%	0
	Increases, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreases by budget item transfer	C01	0	0%	0	0%	0
	Decreases by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	KD	45 348	4,6%	43 348	4,4%	41 530
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increases, acquisitions, creations, contributions	KF	1 400	-30,0%	2 000	-66,6%	5 980
	Decreases by budget item transfer	LV1	0	0%	0	0%	0
	Decreases by transfers	LV2	0	0%	0	0%	4 162
	Gross value at the end of period	LW	46 748	3,1%	45 348	4,6%	43 348

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	709 975	1,0%	702 724	0,2%	701 426
	Increases due to revaluation	LO	0	0%	0	0%	0
	Increases, acquisitions, creations, contributions	LP	47 872	347,0%	10 709	-53,7%	23 149
	Decreases by budget item transfer	NG1	0	0%	1 817	0%	0
	Decreases by transfers	NG2	7 010	326,9%	1 642	-92,5%	21 852
	Gross value at the end of period	NH	750 837	5,8%	709 974	1,0%	702 723

Fiancial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	25 683	-97,4%	1 000 683	17,7%	850 405
	Increases due to revaluation	LR	0	0%	0	0%	0
	Increases, acquisitions, creations, contributions	LS	0	0%	0	0%	150 278
	Decreases by budget item transfer	NJ1	0	0%	0	0%	0
	Decreases by transfers	NJ2	1 833	-99,8%	975 000	0%	0
	Gross value at the end of period	NK	23 850	-7,1%	25 683	-97,4%	1 000 683

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

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreases		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2012		31/12/2011		31/12/2010
	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
	Decreases by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	PE	45 221	11,3%	40 647	-2,1%	41 530
Increases		PF	1 434	-68,6%	4 573	39,5%	3 279
Decreases		PG	0	0%	0	0%	4 162
	Decreases by budget item transfer	PH	46 655	3,2%	45 220	11,3%	40 647

Total fixed assets amortisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	664 316	4,0%	638 947	5,4%	606 193
Increases		QV	16 450	-39,1%	27 010	-50,5%	54 607
Decreases		QW	5 036	206,7%	1 642	-92,5%	21 853
	Decreases by budget item transfer	QX	675 730	1,7%	664 315	4,0%	638 947

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2011		31/12/2010
	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
	Decreases by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2012		31/12/2011		31/12/2010
	Net value at beginning of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7C	29 729	52,1%	19 551	66,8%	11 722
Increases		UB	9 524	-67,6%	29 424	245,8%	8 510
Decreases		UC	0	0%	19 247	2726,3%	681
	Value at the end of period	UD	39 253	32,0%	29 728	52,1%	19 551

Includes Total allocations

Operating	UE	9 524	-67,6%	29 424	245,8%	8 510
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	19 246	2726,1%	681
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning 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)

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning 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)

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning of period	7B	29 729	52,1%	19 551	66,8%	11 722
Increases		TY	9 524	-67,6%	29 424	245,8%	8 510
Decreases		TZ	0	0%	19 247	2726,3%	681
	Value at the end of period	UA	39 253	32,0%	29 728	52,1%	19 551

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	928 697	55,7%	596 380	-61,5%	1 549 256
1 year at most	VU	906 984	52,1%	596 380	-61,5%	1 549 256
More than one year	VV	21 713	0%	0	0%	0

State of loans

		31/12/2012		31/12/2011		31/12/2010
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	8 368	-18,0%	10 200	-99,0%	985 200
Loans (1 year at most)	UR	1 833	-82,0%	10 200	-99,0%	985 200
Other financial assets (gross)	UT	15 178	0%	15 178	0%	15 178
Other financial assets (1 year at most)	UV	0	0%	15 178	0%	15 178

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	434 890	-15,7%	515 690	9,2%	472 319
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	850	-80,0%	4 252	11,3%	3 821
Social Security and other social organizations	UZ	375	-68,2%	1 178	-14,0%	1 369
Income taxes	VM	0	0%	12 283	0%	0
Value added tax	VB	16 523	-17,4%	19 997	-66,0%	58 737
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	444 468	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	136

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	8 046	-54,3%	17 602	40,9%	12 496

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	450 776	-3,0%	464 596	-70,8%	1 593 070
1 year at most		VZ2	450 776	-3,0%	464 596	-70,8%	1 593 070
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

			31/12/2012		31/12/2011		31/12/2010
	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	162 051	-43,9%	288 727	0,5%	287 378
1 year at most		8B2	162 051	-43,9%	288 727	0,5%	287 378
More than 1 year and 5 years at most		8B3	162 051	-43,9%	288 727	0,5%	287 378
	Personnel and associated accounts (gross)	8C1	103 796	55,7%	66 661	-94,3%	1 178 273
1 year at most		8C2	103 796	55,7%	66 661	-94,3%	1 178 273
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	96 413	0,6%	95 813	15,7%	82 787
1 year at most		8D2	96 413	0,6%	95 813	15,7%	82 787
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	70 428	0%	0	0%	14 816
1 year at most		8E2	70 428	0%	0	0%	14 816
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	3 981	0%	0	0%	14 793
1 year at most		VW2	3 981	0%	0	0%	14 793
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	14 041	4,8%	13 394	11,2%	12 049
1 year at most		VQ2	14 041	4,8%	13 394	11,2%	12 049
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	67	0%	0	0%	2 975
1 year at most		8K2	67	0%	0	0%	2 975
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	13 292

Table allocation results and other information
Dividends distributed

		31/12/2012		31/12/2011		31/12/2010
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2012		31/12/2011		31/12/2010
Commitments leasing furniture	YQ	0	0%	28 262	-35,2%	43 599
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 Externs

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
Average number of employees	YP	15	0%	0	0%	0

Groups and Shareholders

		31/12/2012		31/12/2011		31/12/2010
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Fixed Asset Financing		2,05	-4,2%	2,14	157,8%	0,83	3,01	-31,9%
Global Debt		49 days	-15,5%	58 days	-75,2%	234 days	103 days	-52,4%
Working Capital Fund overall net		93 days	-17,0%	112 days	348,9%	-45 days	72 days	29,2%
Financial independence		%	-	%	-	%	748,52%	-
More ratios
Solvability		67,99%	0,9%	67,40%	108,4%	32,34%	39,97%	70,1%
Capacity debt futures		%	-	%	-	%	2025,86%	-
Coverage of current assets by net working capital overall		63,86%	-1,6%	64,92%	376,0%	-23,52%	45,50%	40,4%
General Liquidity		2,01	57,0%	1,28	32,0%	0,97	0,88	128,4%
Restricted Liquidity		2,11	-5,0%	2,22	79,0%	1,24	1,30	62,3%

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital		87 days	58,2%	55 days	150,5%	-109 days	34 days	155,9%
Treasury		5 days	-90,7%	54 days	-12,9%	62 days	18 days	-72,2%
Inventory turnover of goods		days	-	days	-	days	52 days	-
Average length of credit granted to customers		47 days	-27,7%	65 days	-5,8%	69 days	69 days	-31,9%
Average length of credit obtained suppliers		33 days	-48,4%	64 days	-19,0%	79 days	61 days	-45,9%
More ratios
Inventory turnover of raw materials in industrial enterprises		117 days	-7,9%	127 days	-3,1%	131 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		443 days	9,9%	403 days	15,8%	348 days	1094 days	-59,5%
Rotation tangible assets		442,88%	10,0%	402,79%	15,7%	348,27%	1535,36%	-71,2%

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading		0%	0%	0%	0%	0	26,32%	0%
Profitability of the business		16,39	36,9%	11,97	-9,7%	13,25	4,42%	270,8%
Net profit		10,42%	49,5%	6,97%	-25,3%	9,33%	2,66%	291,7%
More ratios
Growth rate of turnover (excluding VAT)		16,28%	-3,4%	16,85%	138,3%	7,07%	1,45%	1022,8%
Rates integration		46,35%	6,9%	43,36%	-6,1%	46,18%	25,02%	85,3%
Rate leasing furniture		0%	0%	0,54%	-28,0%	0,75%	0%	0%
Work Factor		62,13%	-10,8%	69,69%	1,4%	68,74%	73,35%	-15,3%
Weight interests		0,28	-47,2%	0,53%	1666,7%	0,03%	0,16%	75,0%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability		11,02%	48,9%	7,40%	-36,6%	11,67%	3,45%	219,4%
Rates of economic profitability		57%	58,3%	36%	-16,3%	43%	16,77%	239,9%
Financial profitability		957358%	-0,3%	960706%	26,2%	761463%	154881%	518,1%
Return on investment		37,18%	66,5%	22,33%	-25,8%	30,08%	11,61%	220,2%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	3 325 311	16,3%	2 859 735	16,8%	2 447 381	874 052 €	280,4%

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 €	185 228,50 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0,00 % CA	26,89 % CA	0%

Sale of goods produced	3 325 311	16,3%	2 859 735	16,8%	2 447 381
+/- Stocked production	10 435	-18,3%	12 770	187,0%	-14 683
+ Self-constructed assets	0	0%	0	0%	0
Period production	3 335 746 €	16,1%	2 872 505 €	18,1%	2 432 698 €	74 783,50 €	4360,5%
	100,31 % CA	-0,1%	100,45 % CA	1,1%	99,40 % CA	10,03 % CA	900,1%

Trading margin	0	0%	0	0%	0	185 228,50	0%
+ Period Production	3 335 746	16,1%	2 872 505	18,1%	2 432 698	74 783,50	4360,5%
- Purchase of raw materials	878 113	11,3%	788 890	16,8%	675 500
+/- Change in stocks of raw materials	-8 415	74,1%	-32 455	11,4%	-36 626
- Other external purchases and charges	924 671	5,5%	876 071	32,0%	663 577
Added value	1 541 377 €	24,3%	1 239 999 €	9,7%	1 130 247 €	227 879,50 €	576,4%
	46,35 % CA	6,9%	43,36 % CA	-6,1%	46,18 % CA	25,02 % CA	85,3%

Added value	1 541 377 €	24,3%	1 239 999 €	9,7%	1 130 247 €	227 879,50 €	576,4%
+ Operating grants	0	0%	2 000	109,6%	954
- Tax, duty and similar payments	38 719	8,9%	35 568	19,0%	29 896
- Personal charges	957 601	10,8%	864 203	11,2%	776 949
Gross operating surplus	545 057 €	59,3%	342 228 €	5,5%	324 356 €	32 888,50 €	1557,3%
	16,39 % CA	36,9%	11,97 % CA	-9,7%	13,25 % CA	4,42 % CA	270,8%

Gross operating surplus	545 057 €	59,3%	342 228 €	5,5%	324 356 €	32 888,50 €	1557,3%
+ Release of reserves and provisions	1 410	-93,3%	21 046	835,4%	2 250
+ Other operating income	4 317	-65,5%	12 511	-4,3%	13 069
- Depreciation/Amortisation	27 410	-55,1%	61 008	-8,1%	66 396
- Other charges	06	-76,9%	26	136,4%	11
Operating result	523 368 €	66,3%	314 751 €	15,2%	273 268 €	25 615,50 €	1943,2%
	15,74 % CA	43,0%	11,01 % CA	-1,4%	11,17 % CA	3,49 % CA	351,0%

Operating result	523 368 €	66,3%	314 751 €	15,2%	273 268 €	25 615,50 €	1943,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	10 239	20,9%	8 466	-88,6%	74 005
- Financial charges	9 313	-39,0%	15 272	2182,8%	669
Pre-tax result	524 294 €	70,3%	307 945 €	-11,2%	346 604 €	24 699 €	2022,7%
	15,77 % CA	46,4%	10,77 % CA	-23,9%	14,16 % CA	3,40 % CA	363,8%

Extraordinary income	1 976	0%	0	0%	0	249,50	692,0%
- Extraordinary charges	1 901	2504,1%	73	0%	0
Extraordinary result	75 €	202,7%	-73 €	0%	0 €	0 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	524 294 €	70,3%	307 945 €	-11,2%	346 604 €	24 699 €	2022,7%
Extraordinary result	75 €	202,7%	-73 €	0%	0 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	177 717	63,6%	108 630	-8,1%	118 245
Net result	346 652 €	74,0%	199 242 €	-12,8%	228 359 €	21 505 €	1512,0%
	10,42 % CA	49,5%	6,97 % CA	-25,3%	9,33 % CA	2,66 % CA	291,7%

ADDITIONAL INFORMATION

Workforces

Workforce at address

15 employees

Company workforce

15 employees

Linkages

No Linkages information available for the company

Event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
21/05/2013	Bodacc C	Comptes annuels et rapports

94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRÉTEIL 14952 - 552029225 RCS. EFFBE-GAMMA SAS. Forme : Société par actions simplifiée à associé unique. Adresse : 7 rue du 8 Mai 1945 94470 Boissy Saint-Léger. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
22/03/2013	Bodacc B	Modification et mutation diverse
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRÉTEIL 2267 - 552 029 225 RCS Créteil. EFFBE-GAMMA SAS. Forme : Société par actions simplifiée à associé unique. Administration : Directeur général : ILTIS André Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT modification le 09 Mars 2006 Commissaire aux comptes suppléant : NICOLAS Yves en fonction le 12 Septembre 2012 Président : KRACHT Hans Jürgen en fonction le 14 Mars 2013. Activité : . Commentaires : Modification de représentant.
04/03/2013	JAL	Appointment of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 13/12/2012 Société faisant l'objet d'une nomination : 552029225 - EFFBE-GAMMA SAS, 7 RUE DU 8 MAI 1945, 94470 BOISSY SAINT LEGER Nominé : Monsieur Hans Juergen KRACHT, D - 3310 PADERBORN En la fonction de : Président
04/03/2013	JAL	Resignation / Revocation of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 13/12/2012 La société 552029225 - EFFBE-GAMMA SAS, 7 RUE DU 8 MAI 1945, 94470 BOISSY SAINT LEGER Fait l'objet du départ de Monsieur Jean-Michel BUTTERLIN
20/09/2012	Bodacc B	Modification et mutation diverse
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRÉTEIL 2121 - 552 029 225 RCS Créteil. EFFBE-GAMMA SAS. Forme : Société par actions simplifiée à associé unique. Administration : Directeur général : ILTIS André Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT modification le 09 Mars 2006 Président : BUTTERLIN Jean-Michel modification le 24 Mai 2007 Commissaire aux comptes suppléant : NICOLAS Yves en fonction le 12 Septembre 2012. Activité : . Commentaires : Modification de représentant.
14/08/2012	Bodacc C	Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRÉTEIL 13190 - 552029225 RCS. EFFBE-GAMMA SAS. Forme : Société par actions simplifiée à associé unique. Adresse : 7 rue du 8 Mai 1945 94470 Boissy Saint-Léger. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
30/08/2010	Bodacc C	Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRÉTEIL 13705 - 552029225 RCS. EFFBE-GAMMA SAS. Forme : Société par actions simplifiée à associé unique. Adresse : 7 rue du 8 Mai 1945 94470 Boissy Saint-Léger. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
29/12/2009	Bodacc C	Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL 10278 - 552029225 RCS. EFFBE-GAMMA SAS. Forme : Société par actions simplifiée unipersonnelle. Adresse : 7 rue du 8 Mai 1945 94470 Boissy Saint-Léger. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
30/06/2008	Bodacc C	Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL 9352 - 552029225 RCS. EFFBE-GAMMA SAS. Forme : Société par actions simplifiée unipersonnelle. Adresse : 7 rue du 8 Mai 1945 94470 Boissy Saint-Léger. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
30/08/2007	Bodacc C	Avis de dépôt des comptes
8413 - 552 029 225. RCS Créteil EFFBE-GAMMA SAS. Forme: Société par actions simplifiée unipersonnelle. Adresse du siège social: 7 rue du 8 Mai 1945 94470 Boissy Saint-Léger. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
31/05/2007	Bodacc B	Modifications et mutations diverses
2225 - RCS Créteil B 552 029 225. RC 03-B 997. EFFBE-GAMMA S.A.S. Forme : S.A.S.U. Commentaires : modification survenue sur l'administration. Administration : président partant : TRAUTH (Bertram, Erwin). Nomination du président : BUTTERLIN (Jean-Michel).
17/02/2007	Bodacc C	Avis de dépôt des comptes
8886 - RCS Créteil B 552 029 225. RC 03-B 997. EFFBE GAMMA SAS. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE UNIPERSONNELLE. Adresse du siège social: 7, rue du 8 Mai 1945,94470 Boissy-Saint-Leger. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
30/09/2006	Bodacc B	Modifications et mutations diverses
2433 - RCS Créteil B 552 029 225. RC 03-B 997. EFFBE-GAMMA S.A.S. Forme : S.A.S.U. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes suppléant partant : COLL (Pierre). Nomination d'un commissaire aux comptes suppléant : BORIS (Etienne).
23/03/2006	Bodacc B	Modifications et mutations diverses
3611 - RCS Créteil B 552 029 225. RC 03-B 997. EFFBE-GAMMA S.A.S. Forme : S.A.S.U. Commentaires : modification survenue sur la dénomination.
24/10/2004	Bodacc B	Modifications et mutations diverses
RCS Créteil B 552029225 RC 03-B 997 GAMMA. Forme : S.A.S.U Nom commercial: Gamma-S.A. Gamma Amortisseurs. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : COOPERS & LYBRAND AUDIT. Modification d'un commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT. Nomination d'un commissaire aux comptes suppléant : COLL (Pierre).
09/04/2004	Bodacc B	Modifications et mutations diverses
RCS Créteil B 552029225 RC 03-B 997 GAMMA. Forme : S.A.S.U Nom commercial: Gamma-Sa Gamma Amortisseurs. Commentaires : modification survenue sur l'administration. Administration : président partant : NEUBERT (Karl-Heinz) . Nomination du président : TRAUTH ( Bertram, Erwin).
14/08/2003	Bodacc B	Modifications et mutations diverses
RCS Créteil B 552029225 RC 03-B 997 GAMMA. Forme : S.A.S.U. Commentaires : modification survenue sur l' administration. Administration : président partant : MEYERS (Leander). Commissaire aux comptes suppléant partant : NICOLAS (Yves). Nomination du président : NEUBERT (Karl-Heinz). Nomination d'un commissaire aux comptes suppléant : PRICEWATERHOUSECOOPERS AUDIT.
10/04/2003	Bodacc B	Modifications et mutations diverses
RCS Créteil B 552029225 RC 03-B 997 GAMMA. Forme : S.A.S.U. Capital : 155 000 euros Nom commercial: Gamma S.A. Gamma Amortisseurs. Activité : fabrication, achat, commercialisation de tous produits en caoutchouc ou en matière synthétique de tous produits anti-vibratoires et acoustiques. Notamment, dans les domaines industriels, du batiment, des travaux publics et de l'automobile. Adresse du siège social : 7 rue du 8-Mai-1945, 94470 Boissy-Saint-Léger. Administration : président : MEYERS (Leander). Directeur général : ILTIS (André). Commissaire aux comptes titulaire : COOPERS ET LYBRAND AUDIT. Commissaire aux comptes suppléant : NICOLAS (Yves). Commentaires : cette société transfère son siège du 25 rue Georges-Appay, 92150 Suresnes. Date d'effet : 24 février 2003.
06/09/2002	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 552029225 RC 80-B 22109 GAMMA. Forme : S.A.S.U. Capital : 155 000 euros. Activité : fabrication, achat, commercialisation de tous produits en caoutchouc ou en matière synthétique de tous produits anti-vibratoires et acoustiques. Notamment, dans les domaines industriel, du batiment, des travaux publics et de l'automobile. Commentaires : modification survenue sur la forme juridique, le capital ( augmentation), l'activité et l' administration. Administration : modification du président : MEYERS ( Leander). Administrateurs partants : GRAUEL (Ernst) KREMSER (Martin) HEUSER (Andreas). Modification d'un délégué général : ILTIS (André).
24/05/2001	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 552029225 RC 80-B 22109 GAMMA. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes titulaire partant : MULLER (André). Nomination du commissaire aux comptes titulaire : COOPERS ET LYBRAND AUDIT. Commissaire aux comptes suppléant partant : KEPPI ( Roland). Nomination du commissaire aux comptes suppléant : NICOLAS (Yves).
07/02/2001	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 552029225 RC 80-B 22109 GAMMA. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : nomination du directeur général non administrateur : ILTIS (André).
03/12/2000	Bodacc B	Modifications et mutations diverses
11/11/1999	Bodacc B	Modifications et mutations diverses
*. RCS Nanterre B 552 029 225 RC 80-B 22109 GAMMA. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification : président du conseil d' administration : BRUMME (Reinhold) Nomination en qualité de directeur général : ILTIS (André).
08/02/1998	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 552 029 225 RC 80-B 22109 GAMMA. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : directeur général non administrateur partant : DESONS (Roger). Modification d'un administrateur : KAHN (Hans).

Company events history

Date	Description
19/10/2013	Update Rating
19/10/2013	Update Limit
07/06/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
21/05/2013	Bodacc C : Deposit accounts notice
22/03/2013	Bodacc B: Various editing or changing
14/03/2013	New chairman (CEO, CoB)
14/03/2013	Amendment
04/03/2013	Legal Gazette: Resignation / Revocation of the social representative
31/12/2012	New accounts available
13/12/2012	Legal Gazette: Appointment of the social representative
20/09/2012	Bodacc B: Various editing or changing
12/09/2012	New auditor
12/09/2012	Amendment
14/08/2012	Bodacc C : Deposit accounts notice
28/07/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	New accounts available
26/07/2011	Bodacc C : Deposit accounts notice
06/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
30/08/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
29/12/2009	Bodacc C : Deposit accounts notice
09/10/2009	Collection of preferential rights activated for this company
31/12/2008	New accounts available
30/06/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
30/04/2007	Changement de Président (PDG, PCA)
30/04/2007	Private document
30/04/2007	Appointment/resignation of company officers
30/04/2007	Minutes of general meeting of shareholders
30/04/2007	Acte modificatif
31/12/2006	New accounts available
19/09/2006	Private document
19/09/2006	Appointment/resignation of company officers
19/09/2006	Minutes of general meeting of shareholders
19/09/2006	Changement de Commissaire aux Comptes
19/09/2006	New auditor
19/09/2006	Acte modificatif
20/01/2006	Acte modificatif
20/01/2006	Updated articles of association
20/01/2006	Statuts mis à jour
20/01/2006	Minutes of general meeting of shareholders
20/01/2006	Private document
20/01/2006	Changement de dénomination sociale
20/01/2006	New company name
31/12/2005	New accounts available
11/10/2004	Appointment/resignation of company officers
11/10/2004	Acte modificatif
11/10/2004	New auditor
11/10/2004	Changement de Commissaire aux Comptes
11/10/2004	PV d'Assemblée
11/10/2004	Minutes of general meeting of shareholders
11/10/2004	Nomination/démission des organes de gestion
11/10/2004	Private document
11/10/2004	Acte sous seing privé
30/03/2004	Changement de Président (PDG, PCA)
30/03/2004	Acte modificatif
30/03/2004	Acte sous seing privé
30/03/2004	PV d'Assemblée
30/03/2004	Nomination/démission des organes de gestion
04/08/2003	Acte sous seing privé
04/08/2003	Changement de Président (PDG, PCA)
04/08/2003	Changement de Commissaire aux Comptes
04/08/2003	Acte modificatif
04/08/2003	PV d'Assemblée
04/08/2003	Nomination/démission des organes de gestion
31/03/2003	Acte modificatif
31/03/2003	Statuts mis à jour
31/03/2003	Acte sous seing privé
31/03/2003	PV d'Assemblée
31/03/2003	Immatriculation suite à transfert
26/08/2002	Rapport des Commissaires ou du Gérant
26/08/2002	Modification du Conseil d'Administration
26/08/2002	PV d'Assemblée
26/08/2002	Modification de l'objet social
26/08/2002	Acte modificatif
26/08/2002	Nomination/démission des organes de gestion
26/08/2002	Acte sous seing privé
26/08/2002	Changement de Forme Juridique avec changement de catégorie
26/08/2002	Changement de Forme Juridique sans changement de catégorie
26/08/2002	Augmentation de Capital
26/08/2002	Statuts mis à jour
26/08/2002	Conversion du Capital Social en Euros
10/05/2001	Acte sous seing privé
10/05/2001	PV d'Assemblée
10/05/2001	Nomination/démission des organes de gestion
10/05/2001	Changement de Commissaire aux Comptes
20/11/2000	Modification du Conseil d'Administration
20/11/2000	Acte sous seing privé
20/11/2000	Statuts mis à jour
20/11/2000	PV du Conseil d'Administration
20/11/2000	Changement de date de clôture
20/11/2000	Nomination/démission des organes de gestion
20/11/2000	Changement de Président (PDG, PCA)
20/11/2000	PV d'Assemblée
20/11/2000	Acte modificatif
25/10/1999	PV du Conseil d'Administration
25/10/1999	Acte modificatif
25/10/1999	Acte sous seing privé
25/10/1999	Modification du Conseil d'Administration
25/10/1999	Nomination/démission des organes de gestion
08/06/1998	PV d'Assemblée
08/06/1998	Statuts mis à jour
08/06/1998	Acte sous seing privé
23/01/1998	Nomination/démission des organes de gestion
23/01/1998	Acte modificatif
23/01/1998	Modification du Conseil d'Administration
23/01/1998	PV du Conseil d'Administration
23/01/1998	Acte sous seing privé
27/01/1996	Changement de date de clôture
27/01/1996	Acte modificatif
27/01/1996	Statuts mis à jour
27/01/1996	PV d'Assemblée
10/10/1994	Acte modificatif
10/10/1994	Modification du Conseil d'Administration
10/10/1994	PV du Conseil d'Administration
10/10/1994	PV d'Assemblée
10/10/1994	Nomination/démission des organes de gestion
07/09/1993	PV d'Assemblée
07/09/1993	Acte modificatif
15/05/1992	Changement de Président (PDG, PCA)
15/05/1992	Nomination/démission des organes de gestion
15/05/1992	Modification du Conseil d'Administration
15/05/1992	PV d'Assemblée
15/05/1992	PV du Conseil d'Administration
14/05/1992	Acte modificatif

Establishment events history

Date	Description
07/06/2013	Update Limit
28/07/2012	Update Limit
06/07/2011	Update Limit
06/07/2011	Update Rating
28/06/2011	Update of phone numbers
23/07/2010	Update Limit
23/07/2010	Update Rating
30/12/2009	Update Rating
17/12/2009	Update Rating
17/12/2009	Update Limit
05/09/2009	Update Rating
01/07/2008	Update Rating
16/12/2007	Update Limit
11/12/2007	Update Limit
09/12/2007	Update Limit
01/08/2007	Update Limit

No social security and tax office preferential right to date

Current Directors

2

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	3,325,311 €	2,859,735 €	2,447,381 €
Gross Operating Surplus	16,39 % Turnover	11,97 % Turnover	13,25 % Turnover
Shareholders’ equity	957,358 €	960,706 €	761,463 €
Net result	346,652 €	199,242 €	228,361 €
Employees	15 employees	-	-

NOTES & COMMENTS

Commentary

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.

Positive export turnover

The pre-tax profit is more than 25,000€

The shareholder's equity is more than 250,000€

The ratio total assets to total liabilities is 3,12

The return on total assets employed is positive

Industry code with low risk rating

The company is 33 years old

The tangible fixed assets are 75,104 €

The sales to current assets ratio is 2,54

The debtor days are 99.35

Important board management change

The liquidity acid test is less than 65%

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.71
UK Pound	1	Rs.103.50
Euro	1	Rs.85.82

INFORMATION DETAILS

Report Prepared by :

MNL

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