MIRA INFORM REPORT

Report Date :

30.01.2014

IDENTIFICATION DETAILS

Name :	AESA AIR ENGINEERING
Registered Office :	78 Fg Des Vosges, Bp 08, 68800 Thann
Country :	France
Financials (as on) :	31.03.2009
Date of Incorporation :	January 1984
Com. Reg. No.:	RCS Mulhouse 8 328 946 645
Legal Form :	Plc with management board
Line of Business :	Engaged in the field of industrial air conditioning, provides reliable solutions for textile air engineering, industrial ventilation & air conditioning as well as dust filtration, waste removal & collection in the textile, paper, tobacco and food industries.
No. of Employees :	30 (31.03.2008)

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
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

company summary

		EUR VAT Number	FR68328946645
Activity (APE)	Engaged in the field of industrial air conditioning, provides reliable solutions for textile air engineering, industrial ventilation & air conditioning as well as dust filtration, waste removal & collection in the textile, paper, tobacco and food industries.	Legal form	Plc with management board
		RCS Registration	RCS Mulhouse 8 328 946 645
		Share capital	585,000 Euros
Address	AESA AIR ENGINEERING 78 FG DES VOSGES BP 08 68800 THANN	Incorporated Date	02/1984
Nationality	France	Status	Economically active

Trading to Date

03/31/2009

03/31/2008

12/31/2003

Turnover

11,945,294 €

13,362,487 €

12,535,084 €

Gross Operating Surplus

-1,07 % Turnover

-5,65 % Turnover

-0,40 % Turnover

Shareholders’ equity

-167,291 €

-32,666 €

1,247,536 €

Net result

-134,625 €

-767,738 €

39,266 €

Employees

30 (31.03.2008)

-

-

Company details

Activity (APE)	Engaged in the field of industrial air conditioning, provides reliable solutions for textile air engineering, industrial ventilation & air conditioning as well as dust filtration, waste removal & collection in the textile, paper, tobacco and food industries.
RCS Registration	RCS Mulhouse 8 328 946 645	Share capital	585,000 Euros
Registration Court	Mulhouse (68)	Legal form	Plc with management board
Court Registry Number	19 8 4B00325	EUR VAT Number	FR68328946645
Incorporation Date	02/1984	Formation Date	01/1984
Deregistration Date		Last account Date	31/03/2009
Nationality	France

Establishment details

Activity (APE)	Engaged in the field of industrial air conditioning, provides reliable solutions for textile air engineering, industrial ventilation & air conditioning as well as dust filtration, waste removal & collection in the textile, paper, tobacco and food industries.
Postal Address	AESA AIR ENGINEERING 78 FG DES VOSGES BP 08 68800 THANN	Trading Address	78 FAUBOURG DES VOSGES 68800 THANN
Business Pages FT®

Type	Head office	Status	Economically active
Formation Date	06/1984	Reason for formation	Purchase
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Other	Activity Location	Other
Location surface		Seasonality

Department	Haut-Rhin (68)	Region	Alsace
District	6	Area	25
City	THANN	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> AESA AIR ENGINEERING <<<  - Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)  in THANN  (68800)
Secondary establishments	>  AESA AIR ENGINEERING  - Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)  in WATTRELOS  (59150)

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

30 (31.03.2008)

Company workforce

30 (31.03.2008)

DIRECTORS/MANAGEMENT

Current Directors

1

directors

Name	M. LHOMER JEAN-YVES
Manager position	President of the supervisory council	Date of birth	20/05/1944
Place of birth	LE LOUROUX BOTTEREAU
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

NEGATIVE INFORMATION

judgements

Collective procedures

Courts

No judgment information for the company coming from Court

Rncs

Judgment	Plan de sauvegarde	Effective date	03/10/2007
Director	SELARL CM WEIL & N GUYOMARD ME WEIL CLAUDE	Position	Court-appointed reviewer of a proposal
Address	67300 SCHILTIGHEIM

Judgment

Jugement autorisant la poursuite d'activité

Effective date

25/07/2007

Judgment	Procédure de sauvegarde	Effective date	20/12/2006
Director	WEIL CLAUDE	Position	Official receiver
Address	67300 SCHILTIGHEIM
Director	FROEHLICH PHILIPPE	Position	Creditors’ representative
Address	68000 MULHOUSE

Bodacc

Judgment	Jugement lié aux créances	Effective date	22/02/2008
Court	Mulhouse	Parution date from Gazette	14/03/2008
Avis de dépôt Dépôt de l'état des créances Loi de 1985 Avis de dépôt de l'état des créances, RG numéro 06/01006 ; mandataire judiciaire au redressement et à la liquidation des entreprises : Maître FROEHLICH, 28, rue du Sauvage, BP 1057, 68051 Mulhouse Cedex ; dépôt de l'état des créances au Tribunal de Grande Instance de Mulhouse, Chambre Commerciale, section I où les réclamations seront recevables dans un délai de quinze jours à compter de la date de la présente publication

Judgment	Plan de sauvegarde	Effective date	14/11/2007
Court	-	Parution date from Gazette	14/11/2007
1394 - Date : 3 octobre 2007. Jugement arrêtant le plan de sauvegarde. 328 946 645 RCS Mulhouse. AESA AIR ENGINEERING. Forme : S.A. Activité : vente d'appareils, de machines ou d'équipements, d'installations, conditionnement d'air industriel. Adresse : 78 faubourg des Vosges 68800 Thann. Complément de jugement : Jugement d'arrêt de plan de sauvegarde pour une durée de 10 ans. RG no : 06/01006. Commissaire à l'exécution du plan. Nom et adresse : S.E.L.A.R.L. WEIL ET GUYOMARD, 28, rue de Lattre-de-Tassigny, 67300 Schiltigheim.

Judgment	Redressement judiciaire	Effective date	26/01/2007
Court	-	Parution date from Gazette	26/01/2007
1895 - Date : 20 décembre 2006. Jugement prononçant l'ouverture d'une procédure de sauvegarde. Numéro : RG no : 06/01006. RCS Mulhouse 328 946 645. RC 84-B 325. AESA AIR ENGINEERING. Forme : S.A. Activité : vente d'appareils, de machines, d'équipements, d'installations de conditionnement d'air industriel. Adresse : 78 faubourg des Vosges, 68800 Thann. Administrateur judiciaire : Me Weil. Adresse : 28 rue De Lattre-de-Tassigny, 67300 Schiltigheim. Mission : assistance. Mandataire judiciaire : Me Fr hlich. Adresse : 28 rue du Sauvage, 68100 Les déclarations de créances sont à déposer dans un délai de deux mois.

SHARE & SHARE CAPITAL INFORMATION

Share capital

585,000 Euros

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data
	Total number of Invoices available	1
	Total number of Invoices paid within or up to 30 days after the due date	1
	Total number of Invoices paid more than 30 days after the due date	0
	Total number of Invoices currently outstanding where the due date has not yet been reached	0
	Total number of Invoices currently outstanding beyond the due date	0

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

Group Structure

No group information available for the company

Shareholders

No Shareholders available for this company

Linkages

No Linkages information available for the company

FINANCIAL INFORMATION

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/03/2009	31/03/2008	31/12/2003
Account period (month)	12	15	12
Account Type	Normal	Normal	Normal
Date of capture	17/11/2010	-	-
Activity Code	4669B	4669B	4669B
Employees	0	30	26

Active account

Annual Accounts	31/03/2009		31/03/2008		31/12/2003	Sector Median 2009
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	1 992 769	-5,4%	2 107 546	0,4%	2 100 048	27 809	7065,9%
- Intangible assets	306 039	-29,4%	433 204	-68,5%	1 375 706	0	0%
- Tangible assets	819 257	-6,7%	878 380	121,2%	397 048	12 026,50	6712,1%
- Financial assets	867 473	9,0%	795 962	143,2%	327 293	1 761,50	49146,3%
Net current assets	4 063 987	-19,2%	5 031 075	-11,7%	5 700 347	378 184	974,6%
- Stocks	385 437	-50,4%	776 728	33,8%	580 505	46 185	734,6%
- Advanced payments	334 410	-19,2%	419 878	13942,7%	2 990	0	0%
- Receivables	2 406 495	-30,7%	3 474 008	-10,1%	3 865 715	186 085,50	1193,2%
- Securities and cash	937 645	160,1%	360 461	-71,2%	1 251 136	56 106,50	1571,2%
- Prepaid expenses	-	-	-	-	-	201	-
Accounts of regularization	206	0%	0	0%	20 769	0	0%
Total Assets	6 056 962	-15,2%	7 138 618	-8,7%	7 821 163	447 930,50	1252,2%

Passive Account

Annual Accounts	31/03/2009		31/03/2008		31/12/2003	Sector Median 2009
Shareholders' equity	-167 291	-412,1%	-32 666	-102,6%	1 247 536	139 291	-220,1%
Share capital	585 000	0%	585 000	-60,1%	1 465 051	37 000	1481,1%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	152 170	-19,6%	189 341	-35,3%	292 727	0	0%
Liabilities	6 059 075	-12,9%	6 954 645	10,9%	6 271 344	249 788	2325,7%
- Financial liabilities	317 993	-73,2%	1 188 754	79,8%	661 112	20 809	1428,2%
- Advanced payments received	466 263	0%	0	0%	402 891	0	0%
- Trade account payables	3 125 351	-4,7%	3 280 206	-4,5%	3 435 912	101 098,50	2991,4%
- Tax and social liabilities	421 776	-29,2%	595 717	21,5%	490 412	66 500,50	534,2%
- Other debts and fixed assets liabilities	1 740 701	-8,5%	1 903 333	47,5%	1 290 573	4 068	42690,1%
Account regularization	0	0%	13 933	0%	0	0	0%
Total liabilities	6 056 963	-15,2%	7 138 618	-8,7%	7 821 163	447 930,50	1252,2%

Results

Annual Accounts	31/03/2009		31/03/2008		31/12/2003	Sector Median 2009
Sales of Goods	11 923 156	-15,2%	14 068 433	5,1%	13 390 883	767 070	1454,4%
Net turnover	11 945 294	-10,6%	13 362 487	6,6%	12 535 084	753 822,50	1484,6%
- of which net export turnover	10 616 387	5,6%	10 050 393	-3,6%	10 426 012	0	0%
Operating charges	12 060 713	-18,2%	14 742 446	11,6%	13 214 611	743 430	1522,3%
Operating profit/loss	-137 557	79,6%	-674 013	-482,4%	176 272	15 173,50	-1006,6%
Financial income	59 700	-22,8%	77 364	-15,8%	91 913	287	20701,4%
Financial charges	85 954	-8,2%	93 646	-14,6%	109 690	1 747,50	4818,7%
Financial profit/loss	-26 254	-61,2%	-16 282	8,4%	-17 777	-276,50	-9395,1%
Pretax net operating income	-163 811	76,3%	-690 295	-535,5%	158 495	13 773	-1289,4%
Extraordinary income	31 184	-85,4%	213 951	328,0%	49 986	279,50	11057,1%
Extraordinary charges	2 668	-99,1%	293 394	90,2%	154 215	353,50	654,7%
Extraordinary profit/loss	28 516	135,9%	-79 443	23,8%	-104 229	0	0%
Net result	-134 625	82,5%	-767 738	-2055,2%	39 266	12 374	-1188,0%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/03/2009	31/03/2008	31/12/2003
Months	12	15	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/03/2009		31/03/2008		31/12/2003
	Grand Total (I to VI)	Net	6 056 962	-15,2%	7 138 618	-8,7%	7 821 163
	Gross	CO	8 135 208	-9,2%	8 963 626	-5,1%	9 441 551
	Amortisation	1A	2 078 246	13,9%	1 825 005	12,6%	1 620 388

Non declared distributed capital (I)

		31/03/2009		31/03/2008		31/12/2003
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

			31/03/2009		31/03/2008		31/12/2003
	Total Active fixed asset (II)	Net	1 992 769	-5,4%	2 107 546	0,4%	2 100 048
	Gross	BJ	3 679 001	1,6%	3 621 248	5,0%	3 448 156
	Amortisation	BK	1 686 232	11,4%	1 513 702	12,3%	1 348 109

Intangilble fixed assets

			31/03/2009		31/03/2008		31/12/2003
	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	1 060	-90,1%	10 656	94,7%	5 474
	Gross	AF	177 092	0,8%	175 692	-11,1%	197 535
	Amortisation	AG	176 032	6,7%	165 036	-14,1%	192 061
	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	304 979	-27,8%	422 548	-69,2%	1 370 232
	Gross	AJ	972 661	0%	972 661	-45,0%	1 768 922
	Amortisation	AK	667 682	21,4%	550 113	38,0%	398 690
	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	306 039	-29,4%	433 204	-68,5%	1 375 706

Tangilble fixed assets

			31/03/2009		31/03/2008		31/12/2003
	Lands	Net	171 607	0%	171 607	141,8%	70 965
	Gross	AN	171 607	0%	171 607	127,9%	75 283
	Amortisation	AO	0	0%	0	0%	4 318
	Buildings	Net	620 792	-7,0%	667 647	122,1%	300 645
	Gross	AP	1 374 290	0%	1 374 290	51,7%	905 888
	Amortisation	AQ	753 498	6,6%	706 643	16,8%	605 243
	Plant	Net	6 240	-30,4%	8 965	-6,4%	9 579
	Gross	AR	35 708	0%	35 708	-19,8%	44 519
	Amortisation	AS	29 468	10,2%	26 743	-23,5%	34 940
	Other tangible fixed assets	Net	20 618	-31,6%	30 161	90,2%	15 859
	Gross	AT	80 170	-15,9%	95 328	-11,9%	108 224
	Amortisation	AU	59 552	-8,6%	65 167	-29,4%	92 365
	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	819 257		878 380		397 048

Financial assets

			31/03/2009		31/03/2008		31/12/2003
	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	743 535	0%	743 535	142,4%	306 676
	Gross	CU	743 535	0%	743 535	127,3%	327 167
	Amortisation	CV	0	0%	0	0%	20 491
	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	123 938	136,4%	52 427	154,3%	20 617
	Gross	BH	123 938	136,4%	52 427	154,3%	20 617
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		867 473		795 962		327 293

Current Assets (III)

			31/03/2009		31/03/2008		31/12/2003
	Total Assets	Net	4 063 987	-19,2%	5 031 075	-11,7%	5 700 347
	Gross	CJ	4 456 001	-16,6%	5 342 378	-10,6%	5 972 626
	Amortisation	CK	392 014	25,9%	311 303	14,3%	272 280

Stocks

			31/03/2009		31/03/2008		31/12/2003
	Raw materials	Net	258 370	-19,1%	319 298	34,9%	236 667
	Gross	BL	417 584	3,9%	401 726	35,8%	295 923
	Amortisation	BM	159 214	93,2%	82 428	39,1%	59 256
	Work in progress (goods)	Net	0	0%	457 430	33,0%	343 838
	Gross	BN	0	0%	457 430	33,0%	343 838
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	127 067	0%	0	0%	0
	Gross	BP	127 067	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	385 437	-50,4%	776 728	33,8%	580 505

Advance payments to suppliers

			31/03/2009		31/03/2008		31/12/2003
	Advance payments to suppliers	Net	334 410	-20,4%	419 878	13942,7%	2 990
	Gross	BV	334 410	-20,4%	419 878	13942,7%	2 990
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/03/2009		31/03/2008		31/12/2003
	Trade accounts receivable	Net	2 175 800	-27,1%	2 986 305	-15,2%	3 523 501
	Gross	BX	2 358 600	-25,5%	3 165 180	-15,3%	3 736 525
	Amortisation	BY	182 800	2,2%	178 875	-16,0%	213 024
	Other debtors	Net	189 563	-53,2%	405 080	22,1%	331 767
	Gross	BZ	239 563	-47,4%	455 080	37,2%	331 767
	Amortisation	CA	50 000	0%	50 000	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	2 365 363	-30,3%	3 391 385	-12,0%	3 855 268

Divers

			31/03/2009		31/03/2008		31/12/2003
	Investment securities	Net	886 982	256,5%	248 788	-79,8%	1 229 498
	Gross	CD	886 982	256,5%	248 788	-79,8%	1 229 498
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	50 663	-54,6%	111 673	416,1%	21 638
	Gross	CF	50 663	-54,6%	111 673	416,1%	21 638
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	937 645	160,1%	360 461	-71,2%	1 251 136

Prepaid expenses

			31/03/2009		31/03/2008		31/12/2003
	Prepaid expenses	Net	41 132	-50,2%	82 623	690,9%	10 447
	Gross	CH	41 132	-50,2%	82 623	690,9%	10 447
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/03/2009		31/03/2008		31/12/2003
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	-	-	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	-	-	-	-
Currency differential gain	CN3	206	0%	0	0%	20 769
Gross		206	-	-	-	-

References

		31/03/2009		31/03/2008		31/12/2003
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)

		31/03/2009		31/03/2008		31/12/2003
Grand Total (I to V)	EE	6 056 963	-15,2%	7 138 618	-8,7%	7 821 163

Shareholder Equity (I)

			31/03/2009		31/03/2008		31/12/2003
	Total shareholders' equity (Total I)	DL	-167 291	-412,1%	-32 666	-102,6%	1 247 536
	Equity and shareholders' equity	DA	585 000	0%	585 000	-60,1%	1 465 051
	Issue and merger premiums	DB	0	0%	0	0%	289 228
	Revaluation differentials	DC	150 000	0%	150 000	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	72	0%	72	-99,9%	97 255
	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	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-767 738	0%	0	0%	-643 263
	Profit or loss for the period	DI	-134 625	82,5%	-767 738	-2055,2%	39 266
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/03/2009		31/03/2008		31/12/2003
	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)

			31/03/2009		31/03/2008		31/12/2003
	Total provisions for risks and charges (Total III)	DR	152 170	-19,6%	189 341	-35,3%	292 727
	Risk provisions	DP	11 532	-66,1%	34 013	-88,4%	292 727
	Reserves for charges	DQ	140 638	-9,5%	155 328	0%	0

Liabilities (IV)

			31/03/2009		31/03/2008		31/12/2003
	Total Liabilities (Total IV)	EC	6 059 075	-12,9%	6 954 645	10,9%	6 271 344
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	317 993	-10,2%	354 056	-41,2%	602 192
	Sundry loans and financial liabilities	DV	0	0%	834 698	1316,7%	58 920
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	466 263	0%	0	0%	402 891
	Trade accounts payables	DX	3 125 351	-4,7%	3 280 206	-4,5%	3 435 912
	Tax and social security liabilities	DY	421 776	-29,2%	595 717	21,5%	490 412
	Fixed asset liabilities	DZ	0	0%	0	0%	513 684
	Other debts	EA	1 727 692	-7,9%	1 876 035	144,5%	767 334

Translation loss (V)

		31/03/2009		31/03/2008		31/12/2003
Translation loss (Total V)	ED	13 009	-52,3%	27 298	185,7%	9 555

Equalization accounts

		31/03/2009		31/03/2008		31/12/2003
Deferred income	EB	0	0%	13 933	0%	0

References

		31/03/2009		31/03/2008		31/12/2003
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	4 606 463	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/03/2009		31/03/2008		31/12/2003
Operating result (Total I-II)	GG	-137 557	79,6%	-674 013	-482,4%	176 272

2 - Financial result (V - VI)

		31/03/2009		31/03/2008		31/12/2003
Financial result (Total V-VI)	GV	-26 254	-61,2%	-16 282	8,4%	-17 777

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

		31/03/2009		31/03/2008		31/12/2003
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-163 811	76,3%	-690 295	-535,5%	158 495

4 - Extraordinary result (VII-VIII)

		31/03/2009		31/03/2008		31/12/2003
Extraordinary result (Total VII-VIII)	HI	28 516	135,9%	-79 443	23,8%	-104 229

Profit or loss

		31/03/2009		31/03/2008		31/12/2003
Profit or loss	HN	-134 625	82,5%	-767 738	-2055,2%	39 266

Total Income (I+III+V+VII)

		31/03/2009		31/03/2008		31/12/2003
Total Income (I+III+V+VII)	HL	12 014 040	-16,3%	14 359 748	6,1%	13 532 782

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

		31/03/2009		31/03/2008		31/12/2003
Total charges (Total II+IV+VI+VIII+IX+X)	HM	12 148 668	-19,7%	15 127 486	12,1%	13 493 516

Operating income (I)

		31/03/2009		31/03/2008		31/12/2003
Total operating income (Total I)	FR	11 923 156	-15,2%	14 068 433	5,1%	13 390 883

Operating income (details)

			31/03/2009		31/03/2008		31/12/2003
	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	11 891 215	-10,5%	13 280 756	6,7%	12 448 554
	France	FD	1 274 828	-60,6%	3 238 927	53,6%	2 109 071
	Export	FE	10 616 387	5,7%	10 041 829	-2,9%	10 339 483
	Sale of services	FI	54 079	-33,8%	81 731	-5,5%	86 529
	France	FG	54 079	-26,1%	73 167	0%	0
	Export	FH	0	0%	8 564	-90,1%	86 529
	Net turnover	FL	11 945 294	-10,6%	13 362 487	6,6%	12 535 084
	France	FJ	1 328 907	-59,9%	3 312 094	57,0%	2 109 071
	Export	FK	10 616 387	5,6%	10 050 393	-3,6%	10 426 012
	Stocked production	FM	-330 363	-321,9%	148 879	-48,6%	289 883
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	2 050	-97,3%	75 000	1251,4%	5 550
	Release of reserves and provisions	FP	293 367	-37,3%	467 775	-5,2%	493 681
	Other income	FQ	12 808	-10,4%	14 291	-78,6%	66 686

Operating charges (II)

		31/03/2009		31/03/2008		31/12/2003
Total operating charges (Total II)	GF	12 060 713	-18,2%	14 742 446	11,6%	13 214 611

Exploitation charges

		31/03/2009		31/03/2008		31/12/2003
Purchase of goods for resale	FS	0	0%	7 809 867	2,9%	7 588 813
Change in stocks of goods for resale	FT	0	0%	-12 079	-61,7%	-7 470
Purchase of raw materials	FU	6 410 092	0%	0	0%	0
Change in stocks of raw materials	FV	-15 859	0%	0	0%	0
Other external purchases and charges	FW	3 148 345	-17,1%	3 797 754	7,1%	3 546 135
Tax, duty and similar payments	FX	115 045	-24,7%	152 755	62,3%	94 107
Payroll	FY	1 389 424	-18,2%	1 699 330	44,1%	1 178 876
Social security costs	FZ	697 898	-21,9%	893 219	86,1%	479 996

Depreciation

		31/03/2009		31/03/2008		31/12/2003
Depreciation of fixed assets	GA	192 841	6,5%	181 073	-39,4%	298 853
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	96 411	145,7%	39 243	198,6%	13 141
Provisions for risks and charges	GD	0	0%	34 013	73,4%	19 620

Other charges

		31/03/2009		31/03/2008		31/12/2003
Other charges	GE	26 516	-82,0%	147 271	5698,1%	2 540

Operating charges (III-IV)

		31/03/2009		31/03/2008		31/12/2003
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)

			31/03/2009		31/03/2008		31/12/2003
	Total financial income (Total V)	GP	59 700	-22,8%	77 364	-15,8%	91 913
	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	43 870	85,2%	23 685	-33,2%	35 477
	Released provisions and transferred charges	GM	0	0%	11 114	11240,8%	98
	Exchange gains	GN	15 830	-62,8%	42 565	-24,4%	56 338
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/03/2009		31/03/2008		31/12/2003
	Total financial charge (Total VI)	GU	85 954	-8,2%	93 646	-14,6%	109 690
	Financial reserves and provisions	GQ	0	0%	0	0%	68 892
	Interest and similar charges	GR	55 576	14,9%	48 366	50,3%	32 183
	Exchange losses	GS	30 378	-32,9%	45 280	425,6%	8 615
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/03/2009		31/03/2008		31/12/2003
	Total extraordinary income (Total VII)	HD	31 184	-85,4%	213 951	328,0%	49 986
	Extraordinary operating income	HA	30 000	10,7%	27 112	-36,5%	42 686
	Extraordinary income from capital transactions	HB	1 184	-99,4%	186 839	2459,4%	7 300
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/03/2009		31/03/2008		31/12/2003
	Total extraordinary charges (Total VIII)	HH	2 668	-99,1%	293 394	90,2%	154 215
	Extraordinary operating charges	HE	2 668	20,8%	2 208	0%	0
	Extraordinary charges from capital transactions	HF	0	0%	291 186	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	154 215

Employee profit sharing (IX)

		31/03/2009		31/03/2008		31/12/2003
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/03/2009		31/03/2008		31/12/2003
Tax on profits (Total X)	HK	-667	66,6%	-2 000	-113,3%	15 000

References

		31/03/2009		31/03/2008		31/12/2003
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)

			31/03/2009		31/03/2008		31/12/2003
	Gross value at begin of period	OG	0	0%	3 333 688	0%	0
	Increasess due to revaluation	OH	0	0%	150 000	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	57 526	-92,2%	741 292
	Decreasess by budget item transfer	OK1	0	0%	-165 217	0%	0
	Decreasess by transfers	OK2	20 312	-76,2%	85 184	342,2%	19 265
	Gross value at the end of period	OL	3 678 996	1,6%	3 621 248	0%	0

Research and development Charge (Total I)

			31/03/2009		31/03/2008		31/12/2003
	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)

			31/03/2009		31/03/2008		31/12/2003
	Gross value at begin of period	KD	1 148 353	13,3%	1 013 860	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	1 400	-88,6%	12 308	-98,0%	618 074
	Decreasess by budget item transfer	LV1	0	0%	-141 812	0%	0
	Decreasess by transfers	LV2	0	0%	19 628	0%	0
	Gross value at the end of period	LW	1 149 753	0,1%	1 148 353	0%	0

Tangible fixed assets (Total III)

			31/03/2009		31/03/2008		31/12/2003
	Gross value at begin of period	LN	1 676 929	7,8%	1 555 676	0%	0
	Increasess due to revaluation	LO	0	0%	150 000	0%	0
	Increasess, acquisitions, creations, contributions	LP	5 154	-61,6%	13 408	36,0%	9 856
	Decreasess by budget item transfer	NG1	0	0%	-23 405	0%	0
	Decreasess by transfers	NG2	20 312	-69,0%	65 556	0%	0
	Gross value at the end of period	NH	1 661 771	-0,9%	1 676 932	0%	0

Fiancial assets (Total IV)

			31/03/2009		31/03/2008		31/12/2003
	Gross value at begin of period	LQ	795 961	4,2%	764 152	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	71 511	124,8%	31 810	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	867 472	9,0%	795 962	0%	0

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

			31/03/2009		31/03/2008		31/12/2003
	Reserve for depreciation value at begin of period	0N	0	0%	1 417 815	35,3%	1 048 029
Increases		0P	0	0%	181 072	-39,4%	298 853
Decreasess		0Q	0	0%	85 184	342,2%	19 265
	Reserve for depreciation value at the end of period	0R	0	0%	1 513 703	14,0%	1 327 617

Research and development charge (Total I)

			31/03/2009		31/03/2008		31/12/2003
	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)

			31/03/2009		31/03/2008		31/12/2003
	Reserve for depreciation value at begin of period	PE	715 149	16,0%	616 769	0%	0
Increases		PF	128 564	8,9%	118 008	0%	0
Decreasess		PG	0	0%	19 628	0%	0
	Decreasess by budget item transfer	PH	843 713	18,0%	715 149	21,1%	590 751

Total fixed assets amotisation (Total III)

			31/03/2009		31/03/2008		31/12/2003
	Reserve for depreciation value at begin of period	QU	798 553	-0,3%	801 046	0%	0
Increases		QV	64 275	1,9%	63 064	0%	0
Decreases		QW	20 312	-69,0%	65 556	0%	0
	Decreasess by budget item transfer	QX	842 516	5,5%	798 554	8,4%	736 866

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/03/2009		31/03/2008		31/12/2003
	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

			31/03/2009		31/03/2008		31/12/2003
	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)

			31/03/2009		31/03/2008		31/12/2003
	Value at begining of period	7C	0	0%	681 760	0%	0
Increases		UB	0	0%	73 256	0%	0
Decreases		UC	0	0%	254 372	0%	0
	Value at the end of period	UD	0	0%	500 644	0%	0

Includes Total allocations

Operating	UE	0	0%	73 256	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	243 258	28,8%	188 935
Financial	UH	0	0%	11 114	11240,8%	98
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/03/2009		31/03/2008		31/12/2003
	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)

			31/03/2009		31/03/2008		31/12/2003
	Value at begining of period	5Z	0	0%	204 927	0%	0
Increases		TV	0	0%	34 013	0%	0
Decreases		TW	0	0%	49 599	0%	0
	Value at the end of period	TX	0	0%	189 341	0%	0

Total Provision for depreciation (Total III)

			31/03/2009		31/03/2008		31/12/2003
	Value at begining of period	7B	0	0%	476 833	50,8%	316 115
Increases		TY	0	0%	39 243	198,6%	13 141
Decreases		TZ	0	0%	204 773	461,2%	36 486
	Value at the end of period	UA	0	0%	311 303	6,3%	292 771

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

		31/03/2009		31/03/2008		31/12/2003
Gross value	VT	2 763 230	-26,4%	3 755 307	-8,4%	4 099 355
1 year at most	VU	2 637 692	-28,7%	3 700 812	-9,3%	4 078 738
More than one year	VV	125 538	130,4%	54 495	164,3%	20 617

State of loans

		31/03/2009		31/03/2008		31/12/2003
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	123 938	136,4%	52 427	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/03/2009		31/03/2008		31/12/2003
Customers doubtful or disputed	VA	183 774	2,0%	180 236	-15,4%	213 024
Other claims customer	UX	2 174 825	-27,1%	2 984 944	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%	2 650	-44,6%	4 783
Social Security and other social organizations	UZ	12 153	18,9%	10 221	0%	0
Income taxes	VM	2 667	33,4%	2 000	0%	0
Value added tax	VB	48 462	-56,9%	112 418	-48,4%	218 045
Other taxes and payments assimilated	VN	0	0%	2 718	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	176 280	-45,8%	325 072	0%	0

Prepaid

		31/03/2009		31/03/2008		31/12/2003
Prepaid	VS	41 131	-50,2%	82 623	0%	0

State Debt

			31/03/2009		31/03/2008		31/12/2003
	Total debt (gross)	VY	5 592 808	-8,6%	6 119 948	4,3%	5 868 454
1 year at most		VZ2	4 606 460	-11,2%	5 184 545	-3,0%	5 345 105
More than 1 year and 5 years at most		VZ3	465 878	1,6%	458 701	36,5%	336 067
More than 5 years		VZ4	520 470	9,2%	476 702	154,5%	187 281

Details

			31/03/2009		31/03/2008		31/12/2003
	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	12 266	-6,9%	13 173	0%	0
1 year at most		VG2	12 266	-6,9%	13 173	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	305 727	-10,3%	340 883	-43,4%	602 192
1 year at most		VH2	30 209	-14,1%	35 156	-55,4%	78 844
More than 1 year and 5 years at most		VH3	139 225	5,7%	131 656	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	58 920
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	3 125 351	-4,7%	3 280 206	0%	0
1 year at most		8B2	3 125 351	-4,7%	3 280 206	-4,5%	3 435 912
More than 1 year and 5 years at most		8B3	3 125 351	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	252 994	-28,1%	351 712	9,8%	320 186
1 year at most		8C2	252 994	-28,1%	351 712	9,8%	320 186
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	122 966	-5,8%	130 508	-13,3%	150 465
1 year at most		8D2	122 966	-5,8%	130 508	-13,3%	150 465
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%	64 607	0%	0
1 year at most		VW2	0	0%	64 607	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	45 815	-6,3%	48 890	147,4%	19 761
1 year at most		VQ2	0	0%	48 890	147,4%	19 761
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%	513 684
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	953 641	158575,7%	601	0%	601
1 year at most		VI2	780 554	129775,9%	601	0%	601
More than 1 year and 5 years at most		VI3	98 907	0%	0	0%	0
More 5 years		VI4	74 180	0%	0	0%	0
	Other liabilities (gross)	8K1	774 048	-58,7%	1 875 435	0%	0
1 year at most		8K2	236 305	-81,0%	1 245 759	62,5%	766 733
More than 1 year and 5 years at most		8K3	227 746	-30,4%	327 045	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%	13 933	0%	0
1 year at most		8L2	0	0%	13 933	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/03/2009		31/03/2008		31/12/2003
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	27 592	0%	0

Table allocation results and other information
Dividends distributed

		31/03/2009		31/03/2008		31/12/2003
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/03/2009		31/03/2008		31/12/2003
Commitments leasing furniture	YQ	0	0%	0	0%	41 853
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

		31/03/2009		31/03/2008		31/12/2003
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

		31/03/2009		31/03/2008		31/12/2003
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

		31/03/2009		31/03/2008		31/12/2003
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

		31/03/2009		31/03/2008		31/12/2003
Average number of employees	YP	0	0%	30	15,4%	26

Groups and Shareholders

		31/03/2009		31/03/2008		31/12/2003
Groups and Shareholders	ZR	-	-	-	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/03/2009		31/03/2008		31/12/2003	Sector Median 2009
Fixed Asset Financing		0,54	-31,6%	0,79	-23,3%	1,03	3,09	-82,5%
Global Debt		183 days	-21,8%	234 days	30,0%	180 days	109 days	67,9%
Working Capital Fund overall net		-51 days	-96,2%	-26 days	-966,7%	3 days	74 days	-168,9%
Financial independence		-52,61%	-470,0%	-9,23%	-104,5%	207,17%	732,87%	-107,2%
More ratios
Solvability		-2,76%	-500%	-0,46%	-102,9%	15,95%	38,38%	-107,2%
Capacity debt futures		-393,86%	-482,7%	-67,59%	-104,3%	1582,28%	1919,33%	-120,5%
Coverage of current assets by net working capital overall		-31,87%	-130,3%	-13,84%	-1081,6%	1,41%	43,84%	-172,7%
General Liquidity		0,57	-19,7%	0,71	-6,6%	0,76	0,85	-32,9%
Restricted Liquidity		0,78	0%	0,78	-22,0%	1	1,25	-37,6%

Management or rotation

		31/03/2009		31/03/2008		31/12/2003	Sector Median 2009
Need background in operating working capital		-80 days	-105,1%	-39 days	-14,7%	-34 days	35 days	-328,6%
Treasury		28 days	133,3%	12 days	-66,7%	36 days	18 days	55,6%
Inventory turnover of goods		days	-	0 days	0%	0 days	53 days	-
Average length of credit granted to customers		71 days	-16,5%	85 days	-20,6%	107 days	72 days	-1,4%
Average length of credit obtained suppliers		118 days	15,7%	102 days	-8,1%	111 days	65 days	81,5%
More ratios
Inventory turnover of raw materials in industrial enterprises		23 days	-	days	-	days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		719 days	-9,8%	797 days	-	days	1178 days	-39,0%
Rotation tangible assets		718,83%	-9,8%	796,84%	-	%	1532,13%	-53,1%

Profitability of the business

		31/03/2009		31/03/2008		31/12/2003	Sector Median 2009
Margin trading		0%	0%	-58,36%	3,5%	-60,48	27,10%	0%
Profitability of the business		-1,07	81,1%	-5,65	-1312,5%	-0,40	3,54%	-130,2%
Net profit		-1,13%	80,3%	-5,75%	-1954,8%	0,31%	1,94%	-158,2%
More ratios
Growth rate of turnover (excluding VAT)		-10,61%	-260,8%	6,60%	-	%	-9,49%	-11,8%
Rates integration		17,35%	21,0%	14,34%	5,9%	13,54%	24,81%	-30,1%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		100,72%	-25,6%	135,32%	38,5%	97,73%	74,81%	34,6%
Weight interests		0,72	2,9%	0,70%	-20,5%	0,88%	0,24%	200%

Return on capital

		31/03/2009		31/03/2008		31/12/2003	Sector Median 2009
Cash flow from the overall profitability		0,48%	108,7%	-5,51%	-289,3%	2,91%	2,67%	-82,0%
Rates of economic profitability		-85%	-30,8%	-65%	-2066,7%	-3%	13,48%	-730,6%
Financial profitability		-167291%	-412,1%	-32666%	-102,6%	1247536%	124025,50%	-234,9%
Return on investment		-32,30%	44,6%	-58,31%	-847,6%	7,80%	10,07%	-420,8%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/03/2009		31/03/2008		31/12/2003	Sector Median 2009
Turnover	11 945 294	-10,6%	13 362 487	6,6%	12 535 084	753 822 €	1484,6%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	7 809 867	2,9%	7 588 813
+/- Stock of goods variation	0	0%	-12 079	-61,7%	-7 470
Trading margin	0 €	0%	-7 797 788 €	-2,9%	-7 581 343 €	161 713 €	0%
	0,00 % CA	0%	-58,36 % CA	3,5%	-60,48 % CA	27,78 % CA	0%

Sale of goods produced	11 945 294	-10,6%	13 362 487	6,6%	12 535 083
+/- Stocked production	-330 363	-321,9%	148 879	-48,6%	289 883
+ Self-constructed assets	0	0%	0	0%	0
Period production	11 614 931 €	-14,0%	13 511 366 €	5,4%	12 824 966 €	63 834 €	18095,5%
	97,23 % CA	-3,8%	101,11 % CA	-1,2%	102,31 % CA	9,88 % CA	884,1%

Trading margin	0	0%	-7 797 788	-2,9%	-7 581 343	161 713	0%
+ Period Production	11 614 931	-14,0%	13 511 366	5,4%	12 824 966	63 834	18095,5%
- Purchase of raw materials	6 410 092	0%	0	0%	0
+/- Change in stocks of raw materiels	-15 859	0%	0	0%	0
- Other external purchases and charges	3 148 345	-17,1%	3 797 754	7,1%	3 546 135
Added value	2 072 353 €	8,2%	1 915 824 €	12,9%	1 697 488 €	193 148 €	972,9%
	17,35 % CA	21,0%	14,34 % CA	5,9%	13,54 % CA	24,78 % CA	-30,0%

Added value	2 072 353 €	8,2%	1 915 824 €	12,9%	1 697 488 €	193 148 €	972,9%
+ Operating grants	2 050	-97,3%	75 000	1251,4%	5 550
- Tax, duty and similar payments	115 045	-24,7%	152 755	62,3%	94 107
- Personal charges	2 087 322	-19,5%	2 592 549	56,3%	1 658 872
Gross operating surplus	-127 964 €	83,0%	-754 480 €	-1410,7%	-49 941 €	20 631,50 €	-720,2%
	-1,07 % CA	81,1%	-5,65 % CA	-1312,5%	-0,40 % CA	3,53 % CA	-130,3%

Gross operating surplus	-127 964 €	83,0%	-754 480 €	-1410,7%	-49 941 €	20 631,50 €	-720,2%
+ Release of reserves and provisions	293 367	-37,3%	467 775	-5,2%	493 681
+ Other operating income	12 808	-10,4%	14 291	-78,6%	66 686
- Depreciation/Amortisation	289 252	13,7%	254 329	-23,3%	331 614
- Other charges	26 516	-82,0%	147 271	5698,1%	2 540
Operating result	-137 557 €	79,6%	-674 014 €	-482,4%	176 272 €	15 023 €	-1015,6%
	-1,15 % CA	77,2%	-5,04 % CA	-457,4%	1,41 % CA	2,57 % CA	-144,7%

Operating result	-137 557 €	79,6%	-674 014 €	-482,4%	176 272 €	15 023 €	-1015,6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	59 700	-22,8%	77 364	-15,8%	91 913
- Financial charges	85 954	-8,2%	93 646	-14,6%	109 690
Pre-tax result	-163 811 €	76,3%	-690 296 €	-535,5%	158 495 €	13 541 €	-1309,7%
	-1,37 % CA	73,5%	-5,17 % CA	-510,3%	1,26 % CA	2,39 % CA	-157,3%

Extraordinary income	31 184	-85,4%	213 951	328,0%	49 986	279,50	11057,1%
- Extraordinary charges	2 668	-99,1%	293 394	90,2%	154 215
Extraordinary result	28 516 €	135,9%	-79 443 €	23,8%	-104 229 €	0 €	0%
	0,24 % CA	140,7%	-0,59 % CA	28,9%	-1 % CA	0 % CA	0%

Pre-tax result	-163 811 €	76,3%	-690 296 €	-535,5%	158 495 €	13 541 €	-1309,7%
Extraordinary result	28 516 €	135,9%	-79 443 €	23,8%	-104 229 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	-667	66,6%	-2 000	-113,3%	15 000
Net result	-134 628 €	82,5%	-767 739 €	-2055,2%	39 266 €	12 260,50 €	-1198,1%
	-1,13 % CA	80,3%	-5,75 % CA	-1954,8%	0,31 % CA	1,93 % CA	-158,5%

ADDITIONAL INFORMATION

Last published Judgment		22/02/2008
Last published preferential right		This company is not under monitoring
Collection of preferential rights impossible on this company
	Trends
	Profitability
	Liquidity
	Net worth

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.

	Negative shareholders equity
	Company subject to recovery plan or equivalent
	The increase in the gearing percentage over the last two accounting periods is 93 %
	The return on total assets employed is -2,23
	The creditor days are 95.50
	The ratio total assets to total liabilities is 0,98
	The shareholder's equity is -167,291 €
	The pre-tax profit is -135,292 €
	The net turnover is below the average of its class
	The net current assets are 4,063,987 €
	The total assets are 6,056,962 €
	The stock to turnover ratio is 3,23
	The sales to current assets ratio is 2,94
	The liabilities are 6,059,075 €
	The risk provisions are 152,170 €
	The company has 1 director(s)
	Department code with low risk rating
	Industry code with low risk rating
	Low risk workforce size

Other sources

No recent judgment publication in other sources for the company.

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

Preferential rights details and history

Summary of preferential rights

Status of Monitoring	Collection of preferential rights impossible on this company
Number of active preferential rights	0
Total amount	-
Due remaining amount	-

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
06/11/2012	Bodacc B	Modification et mutation diverse
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 554 - 328 946 645 RCS Mulhouse. AESA AIR ENGINEERING. Forme : Société anonyme à directoire et à conseil de surveillance. Administration : président du directoire : GRIMAL (Gilles) ; membre du directoire : GREINER (Thomas, Friedrich) ; président du conseil de surveillance : LHOMER (Jean-Yves) ; membres du conseil de surveillance : VERGHESE (George), LOCHERT (Marc) et GOEL (Vineet) ; commissaire aux comptes titulaire : BARTHOLDI (SARL) ; commissaire aux comptes suppléant : A W AUDIT ET GESTION (SARL). Activité : . Commentaires : modification survenue sur l'administration.
22/01/2012	JAL	Appointment of the social representative
Petites affiches du Haut Rhin (Les) Date de décision : 24/10/2011 Société faisant l'objet d'une nomination : 328946645 - AESA AIR ENGINEERING, 78 FG DES VOSGES, BP 08, 68800 THANN Nominé : Monsieur Thomas GREINER, 88348 BAD SAULGAU En la fonction de : Membre du Directoire
22/01/2012	JAL	Resignation / Revocation of the social representative
Petites affiches du Haut Rhin (Les) Date de décision : 24/10/2011 La société 328946645 - AESA AIR ENGINEERING, 78 FG DES VOSGES, BP 08, 68800 THANN Fait l'objet du départ de Monsieur Francis BRUNN
26/05/2011	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 2728 - 328946645 RCS. AESA AIR ENGINEERING. Forme : S.A.D.. Adresse : 78, faubourg des Vosges, 68800 Thann. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2010.
26/11/2010	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 3206 - 328946645 RCS. AESA AIR ENGINEERING. Forme : S.A.D.. Adresse : 78, faubourg des Vosges, 68800 Thann. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2009.
22/04/2010	Bodacc B	Modification et mutation diverse
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 887 - 328 946 645 RCS Mulhouse. AESA AIR ENGINEERING. Forme : S.A. à directoire et à conseil de surveillance. Administration : président du directoire : GRIMAL (Gilles) ; membre du directoire : BRUNN (Francis, Marcel) ; président du conseil de surveillance : LHOMER (Jean-Yves) ; membres du conseil de surveillance : VERGHESE (George), LOCHERT (Marc) et GREINER (Thomas, Friedrich) ; commissaire aux comptes titulaire : BARTHOLDI S.A.R.L. ; commissaire aux comptes suppléant : A W AUDIT ET GESTION S.A.R.L. Commentaires : modification survenue sur l'administration.
22/04/2010	Bodacc B	Modification et mutation diverse
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 888 - 328 946 645 RCS Mulhouse. AESA AIR ENGINEERING. Forme : S.A. à directrice et à conseil de surveillance. Administration : président du directoire : GRIMAL (Gilles) ; membre du directoire : BRUNN (Francis, Marcel) ; président du conseil de surveillance : LHOMER (Jean-Yves) ; membres du conseil du surveillance : LOCHERT (Marc), GREINER (Thomas, Friedrich) et GOEL (Vineet) ; commissaire aux comptes titulaire : BARTHOLDI S.A.R.L. ; commissaire aux comptes suppléant : A W AUDIT ET GESTION S.A.R.L. Commentaires : modification survenue sur l'administration.
18/06/2009	Bodacc B	Modification et mutation diverse
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 473 - 328 946 645 RCS Mulhouse. AESA AIR ENGINEERING. Forme : Société Anonyme à directoire et à conseil de surveillance. Administration : membre du directoire partant : KLEIN (Gérard), membre du conseil de surveillance partant : GALLOTA (Vito), nouveau membre du conseil de surveillance : GREINER (Thomas), commissaire aux comptes titulaire partant : INSTITUT RHENAN D'EXPERTISE COMPTABLE, nouveau commissaire aux comptes titulaire : BARTHOLDI SARL, commissaire aux comptes suppléant partant : BOHRER (Marc), nouveau commissaire aux comptes suppléant : A W AUDIT ET GESTION SARL. Capital : 585000 EUR. Adresse du siège social : 78 faubourg des Vosges, 68800 Thann. Commentaires : date d'effet : 17/07/2008, modification sur l'administration.
22/01/2009	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 1304 - 328946645 RCS. AESA AIR ENGINEERING. Forme : S.A.D.. Adresse : 78, faubourg des Vosges, 68800 Thann. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2008.
06/04/2008	Bodacc B	Modification et mutation diverse
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 1339 - 328 946 645 RCS Mulhouse. AESA AIR ENGINEERING. Forme : S.A. à directoire et à conseil de surveillance. Capital : 585000 EUR. Adresse du siège social : 78 Faubourg des Vosges, 68800 Thann. Commentaires : modification sur le capital, ancien capital : 1 465 051 euros, le 13/10/2007.
06/04/2008	Bodacc B	Modification et mutation diverse
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 1364 - 328 946 645 RCS Mulhouse. AESA AIR ENGINEERING. Forme : S.A. à directoire et à conseil de surveillance. Administration : membres du conseil de surveillance, partants : KLEIN (Ernest, Albert) ; REBISCHUNG (Jean-Claude) et WIMPFFEN (Franz) ; nouveau membres du conseil de surveillance : VERGHESE (George), VANWARI (Balraj), LOCHERT (Marc). Capital : 1465051 EUR. Adresse du siège social : 78 Faubourg des Vosges, 68800 Thann. Commentaires : modification survenue sur l'administration, le 06/07/2007.
14/03/2008	Bodacc A	Avis de dépôt
68 - HAUT-RHIN TRIBUNAL DE GRANDE INSTANCE DE MULHOUSE 5466 - Date : 22 février 2008. Dépôt de l'état des créances Loi de 1985. 328 946 645 RCS Mulhouse. AESA AIR ENGINEERING. Forme : S.A. Activité : vente d'appareils, de machines ou d'équipements, d'installations, conditionnement d'air industriel. Adresse : 78, Faubourg-des-Vosges, 68800 Thann. Complément de jugement : Avis de dépôt de l'état des créances, RG numéro 06/01006 ; mandataire judiciaire au redressement et à la liquidation des entreprises : Maître FROEHLICH, 28, rue du Sauvage, BP 1057, 68051 Mulhouse Cedex ; dépôt de l'état des créances au Tribunal de Grande Instance de Mulhouse, Chambre Commerciale, section I où les réclamations seront recevables dans un délai de quinze jours à compter de la date de la présente publication.
14/11/2007	Bodacc A	Autres jugements et ordonnances
1394 - Date : 3 octobre 2007. Jugement arrêtant le plan de sauvegarde. 328 946 645 RCS Mulhouse. AESA AIR ENGINEERING. Forme : S.A. Activité : vente d'appareils, de machines ou d'équipements, d'installations, conditionnement d'air industriel. Adresse : 78 faubourg des Vosges 68800 Thann. Complément de jugement : Jugement d'arrêt de plan de sauvegarde pour une durée de 10 ans. RG no : 06/01006. Commissaire à l'exécution du plan. Nom et adresse : S.E.L.A.R.L. WEIL ET GUYOMARD, 28, rue de Lattre-de-Tassigny, 67300 Schiltigheim.
03/06/2007	Bodacc B	Modifications et mutations diverses
1741 - RCS Mulhouse 328 946 645. RC 84-B 325. AESA AIR ENGINEERING. Forme : S.A. à directoire et conseil de surveillance. Capital : 1 465 051 euros. Adresse du siège social : 78 faubourg des Vosges,, 68800 Administration : ancien président du conseil de surveillance : KLEIN (Albert), qui reste membre du conseil de surveillance. Nouveau président du conseil de surveillance : LHOMER (Jean, Yves), déjà membre du conseil de surveillance. Nouveaux membres du conseil de surveillance : REBISCHUNG (Jean, Claude) et WIMPFFEN (Franz). Anciens membres du conseil de surveillance : GALITZ (Andréas) et WIMPFFEN (Franz). Date d'effet : 17 novembre 2005.
26/01/2007	Bodacc A	Redressement judiciaire
1895 - Date : 20 décembre 2006. Jugement prononçant l'ouverture d'une procédure de sauvegarde. Numéro : RG no : 06/01006. RCS Mulhouse 328 946 645. RC 84-B 325. AESA AIR ENGINEERING. Forme : S.A. Activité : vente d'appareils, de machines, d'équipements, d'installations de conditionnement d'air industriel. Adresse : 78 faubourg des Vosges, 68800 Thann. Administrateur judiciaire : Me Weil. Adresse : 28 rue De Lattre-de-Tassigny, 67300 Schiltigheim. Mission : assistance. Mandataire judiciaire : Me Fr hlich. Adresse : 28 rue du Sauvage, 68100 Les déclarations de créances sont à déposer dans un délai de deux mois.
08/01/2006	Bodacc B	Modifications et mutations diverses
1492 - Ancienne situation du siège social : RCS Mulhouse 328 946 645. RC 84-B 325. LTG AIR ENGINEERING. Forme : S.A. à directoire et conseil de surveillance. Capital : 1 465 051 euros. Adresse : 78 faubourg des Vosges, 68800 Nouvelle situation du siège social - Dénomination : AESA AIR ENGINEERING. Date d'effet : 27 septembre 2005.
10/10/2005	Bodacc C	Avis de dépôt des comptes
2502 - RCS Mulhouse B 328 946 645. RC 84-B 325. L.T.G. AIR ENGINEERING. Forme: S.A.D.. Adresse du siège social: 78, faubourg des Vosges,68800 Thann. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
09/05/2002	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Mulhouse 328946645 RC 84-B 325 L.T.G. AIR ENGINEERING. Forme : S.A. à directoire et conseil de surveillance. Capital : 1 000 000 d'euros. Adresse : 78 faubourg des Vosges, 68800 Thann Nouvelle situation du siège social. Capital : 1 465 051 euros à compter du: 13 décembre 2001. Administration : ancien président du conseil de surveillance : SCHAAL (Gerd). Anciens membres du conseil de surveillance : ALBER, née FRANKENBERGER (Veronika) et ETMAIMER ( Anton). Nouveaux membres du conseil de surveillance : GALITZ (Andreas) et GALLOTA (Vito), à compter du 13 décembre 2001. Nouveau président du conseil de surveillance : KLEIN (Ernest, Albert, Kenngott). Ancien président du directoire : HANAUER (Franck) qui reste membre du conseil de surveillance. Nouveau président du directoire : GRIMAL (Gilles). Nouveau vice-président et membre du conseil de surveillance : LHOMER (Jean, Yves). Date d'effet : 21 décembre 2001.
17/10/2000	Bodacc B	Modifications et mutations diverses
RCS Mulhouse B 328946645 RC 84-B 325 L. T.G. AIR ENGINEERING. Forme : S.A. à directoire et à conseil de surveillance. Capital : 1 000 000 d'euros. Adresse du siège social : 78 faubourg des Vosges, 68800 Thann. Administration : ancien président du directoire : DEMANT (Jean- Marie). Nouveau président du directoire HANAUER (Frank). Date d'effet : 27 juin 2000.
08/08/2000	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Mulhouse B 328 946 645 RC 84-B 325 L.T. G. AIR ENGINEERING. Forme : S.A. à directoire et conseil de surveillance. Capital : 16 573 600 F (fixe). Adresse : 78 faubourg des Vosges, 68800 Thann Nouvelle situation du siège social. Capital : 1 000 000 d'euros. Date d'effet : 10 mai 2000.
04/04/2000	Bodacc B	Modifications et mutations diverses
RCS Mulhouse B 328 946 645 RC 84-B 325 L.T.G. AIR ENGINEERING. Forme : S.A. à directoire et conseil de surveillance. Capital : 16 573 600 F (fixe). Adresse du siège social : 78 faubourg des Vosges, 68800 Thann. Administration : ancien membre du directoire : FANKHEISER (Jean, Bernard) nouveau membre du directoire KLEIN (Gérard). Date d'effet : 17 janvier 2000.
25/03/1999	Bodacc B	Modifications et mutations diverses
RCS Mulhouse B 328 946 645 RC 84-B 325 L.T.G. AIR ENGINEERING. Forme : S.A. à directoire et conseil de surveillance. Capital : 16 573 600 F (fixe). Adresse du siège social : 78 faubourg des Vosges, 68800 Thann. Administration : ancien membre du conseil de surveillance : KLEIN (Albert) nouveau membre du conseil de surveillance : Mme ALBER, née FRANKENBERGER (Véronika). Date d'effet : 21 décembre 1998.
08/12/1998	Bodacc B	Modifications et mutations diverses
RCS Mulhouse B 328 946 645 RC 84-B 325 L.T.G. AIR ENGINEERING. Forme : S.A. à directoire et conseil de surveillance. Capital : 16 573 600 F. Adresse du siège social : 78 faubourg des Vosges 68800 Thann. Administration : président du conseil d'administration partant : KLEIN (Albert), qui reste membre du conseil de surveillance. Nouveau président du conseil d'administration : SCHAAL (Gerd), déjà membre du conseil de surveillance. Date d'effet : 24 avril 1998.
14/10/1998	Bodacc B	Modifications et mutations diverses
RCS Mulhouse B 328 946 645 RC 84-B 325 L.T.G. AIR ENGINEERING. Forme : S.A. à directoire et conseil de surveillance. Capital : 16 573 600 F (fixe). Adresse du siège social : 78 faubourg des Vosges, 68800 Thann. Administration : ancien membre du conseil de surveillance : HEIZMANN (Peter) nouveau membre du conseil de surveillance : MAIMER (Anton). Date d'effet : 24 avril 1998.
08/01/1998	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Mulhouse B 328 946 645 RC 84-B 325 L.T. G. AIR ENGINEERING. Forme : S.A. à directoire et conseil de surveillance. Capital : 6 379 500 F (fixe). Adresse : 78 faubourg des Vosges, 68800 Thann Nouvelle situation du siège social. Capital : 16 573 600 F. Date d'effet : 30 septembre 1997.
18/03/1997	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Mulhouse B 328 946 645 RC 84-B 325 L.T. G. AMELIORAIR. Forme : S.A. à directoire et conseil de surveillance. Capital : 6 379 500 F (fixe). Adresse : 78 faubourg des Vosges, 68800 Thann Nouvelle situation du siège social dénomination: L.T.G. AIR ENGINEERING. Date d'effet : 1er janvier 1997.
18/10/1996	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Mulhouse B 328946645 RC 84-b 325 L.T.G. AMELIORAIR. Forme : S.A. à directoire et conseil de surveillance. Capital : 2 126 500 F (fixe). Adresse : 78, faubourg des Vosges, 68800 Thann Nouvelle situation du siège social. Capital : 6 379 500 F. Administration : ancien commissaire aux comptes titulaire : BRUMM (Paul) nouveau commissaire aux comptes titulaire : INSTITUT RHENAN D'EXPERTISE COMPTABLE. Commissaire aux compte suppléant partant : REYMUN (Marcel) nouveau commissaire aux comptes suppléant : BOHRER (Marc). Date d'effet : 18 juin 1996.
09/07/1996	Bodacc B	Modifications et mutations diverses
RCS Mulhouse B 328 946 645 RC 84-B 325 L.T.G. AMELIORAIR. Forme : S.A. à directoire et conseil de surveillance. Capital : 2 126 500 F (fixe). Adresse du siège social : 78 faubourg des Vosges, 68800 Thann. Administration : ancien président et membre du conseil de surveillance : KEPPLER (Peter) à compter du:29 mars 1996 Nouveau président et membre du conseil de surveillance : KLEIN (Albert) à compter du:15 avril 1996.
21/10/1995	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Mulhouse B 328946645 RC 84-b 325 AMELIORAIR. Forme : S.A. à directoire et conseil de surveillance. Capital : 1 000 000 F (fixe). Adresse : 78, faubourg des Vosges, 68800 Thann Nouvelle situation du siège social dénomination: L.T.G. AMELIORAIR. Capital : 2 126 500 F. Commentaires : augmentation du capital suite à une fusion. Personne morale ayant participé à l'opération : MELIOR S.A. Administration : ancien membre du conseil de surveillance : MAILE (Robert) ancien membre du directoire : SENGEL ( Claude). Date d'effet : 30 juin 1995.

Company events history

Date	Description
09/01/2014	Modification of Establishment Activity
15/10/2013	Update Rating
06/11/2012	Bodacc B: Various editing or changing
08/02/2012	Invalid balance sheet
22/01/2012	Legal Gazette: Resignation / Revocation of the social representative
24/10/2011	Legal Gazette: Appointment of the social representative
16/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
05/06/2011	Invalid balance sheet
26/05/2011	Bodacc C : Deposit accounts notice
26/11/2010	Bodacc C : Deposit accounts notice
22/04/2010	Bodacc B: Various editing or changing
31/03/2010	New accounts available
23/02/2010	Appointment/resignation of company officers
23/02/2010	Private document
23/02/2010	Amendment
31/12/2009	Modification of Company Activity
31/12/2009	Update of Company Activity
31/12/2009	Update of Company Workforce
18/06/2009	Bodacc B: Various editing or changing
11/05/2009	Amendment
11/05/2009	Private document
11/05/2009	Appointment/resignation of company officers
11/05/2009	Minutes of general meeting of shareholders
31/03/2009	New accounts available
22/01/2009	Bodacc C : Deposit accounts notice
06/04/2008	Bodacc B: Various editing or changing
31/03/2008	New accounts available
14/03/2008	New collective procedure
14/03/2008	New Bodacc A ads detected
26/02/2008	Audit or Management Report
26/02/2008	Updated articles of association
26/02/2008	Minutes of general meeting of shareholders
26/02/2008	Private document
26/02/2008	Amendment
26/02/2008	Reconstitution of net assets
26/02/2008	Capital reduction
26/02/2008	Capital increase
26/02/2008	New closing date
15/02/2008	Private document
15/02/2008	Appointment/resignation of company officers
15/02/2008	Minutes of general meeting of shareholders
15/02/2008	Amendment
14/11/2007	New collective procedure
13/10/2007	Other modification of Establishment
03/10/2007	New collective procedure
25/07/2007	New collective procedure
05/03/2007	Modification du Conseil d'Administration
05/03/2007	Nomination/démission des organes de gestion
05/03/2007	Continuation malgré perte supérieure à la moitié du capital
05/03/2007	Continuation of business despite loss of equity
05/03/2007	Appointment/resignation of company officers
05/03/2007	PV d'Assemblée
05/03/2007	Changement de Président (PDG, PCA)
05/03/2007	Minutes of general meeting of shareholders
05/03/2007	New chairman (CEO, CoB)
05/03/2007	Acte modificatif
05/03/2007	Acte sous seing privé
05/03/2007	Private document
05/03/2007	Changes to the Board of Directors
26/01/2007	New collective procedure
20/12/2006	New collective procedure
07/11/2005	Private document
07/11/2005	Acte sous seing privé
07/11/2005	Amendment
07/11/2005	Acte modificatif
07/11/2005	Updated articles of association
07/11/2005	Statuts mis à jour
07/11/2005	PV d'Assemblée
07/11/2005	Minutes of general meeting of shareholders
31/12/2003	New accounts available
04/03/2002	Nomination/démission des organes de gestion
04/03/2002	Acte sous seing privé
04/03/2002	Augmentation de Capital
04/03/2002	Acte modificatif
04/03/2002	Statuts mis à jour
04/03/2002	PV d'Assemblée
26/06/2000	Acte modificatif
26/06/2000	Statuts mis à jour
26/06/2000	PV d'Assemblée
26/06/2000	Acte sous seing privé
26/06/2000	Conversion du Capital Social en Euros
24/02/2000	PV d'Assemblée
24/02/2000	Nomination/démission des organes de gestion
24/02/2000	Acte sous seing privé
24/02/2000	Acte modificatif
01/01/2000	Acte modificatif
01/01/2000	PV d'Assemblée
01/01/2000	Nomination/démission des organes de gestion
01/01/2000	Acte sous seing privé
08/02/1999	PV d'Assemblée
08/02/1999	Nomination/démission des organes de gestion
08/02/1999	Acte sous seing privé
08/02/1999	Acte modificatif
16/10/1998	Acte sous seing privé
16/10/1998	PV d'Assemblée
16/10/1998	Nomination/démission des organes de gestion
16/10/1998	Acte modificatif
15/09/1998	Acte modificatif
15/09/1998	Nomination/démission des organes de gestion
15/09/1998	PV d'Assemblée
15/09/1998	Acte sous seing privé
04/11/1997	PV d'Assemblée
04/11/1997	Statuts mis à jour
04/11/1997	Acte modificatif
04/11/1997	Acte sous seing privé
04/11/1997	Augmentation de Capital
24/01/1997	Changement de dénomination sociale
24/01/1997	Acte modificatif
24/01/1997	Statuts mis à jour
24/01/1997	PV d'Assemblée
24/01/1997	Acte sous seing privé
06/08/1996	Acte modificatif
06/08/1996	Augmentation de Capital
06/08/1996	Changement de Commissaire aux Comptes
06/08/1996	Nomination/démission des organes de gestion
06/08/1996	Statuts mis à jour
06/08/1996	PV d'Assemblée
06/08/1996	Acte sous seing privé
28/05/1996	PV d'Assemblée
28/05/1996	Nomination/démission des organes de gestion
28/05/1996	Changement de Gérant
28/05/1996	Acte modificatif
28/05/1996	PV du Conseil d'Administration
18/08/1995	Fusion
18/08/1995	Acte modificatif
18/08/1995	Augmentation de Capital
18/08/1995	Statuts mis à jour
18/08/1995	Changement de dénomination sociale
18/08/1995	PV d'Assemblée
18/08/1995	Déclaration de conformité
18/08/1995	Acte sous seing privé
20/06/1995	Acte modificatif
31/05/1995	Bilan de clôture ou de liquidation
31/05/1995	Acte sous seing privé
31/05/1995	Acte modificatif
31/05/1995	Projet de Fusion
13/01/1994	Acte modificatif
13/01/1994	Statuts mis à jour
13/01/1994	PV du Conseil d'Administration
13/01/1994	PV d'Assemblée
13/01/1994	Nomination/démission des organes de gestion
13/01/1994	Modification du système d'administration des S.A.
13/01/1994	Déclaration de conformité
13/01/1994	Changement de Forme Juridique avec changement de catégorie
13/01/1994	Changement de Forme Juridique sans changement de catégorie
05/01/1993	PV du Conseil d'Administration
05/01/1993	Nomination/démission des organes de gestion
05/01/1993	Modification du Conseil d'Administration
05/01/1993	Acte modificatif

Establishment events history

Date	Description
09/01/2014	Modification of Head office Activity
09/01/2014	Update of Establishment Activity
08/02/2012	Update Rating
16/09/2011	Update Rating
20/11/2010	Update Rating
20/11/2010	Update Limit
26/02/2010	Update of phone numbers
31/12/2009	Update of Establishment Workforce
31/12/2009	Modification of Head office

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.20
UK Pound	1	Rs.103.12
Euro	1	Rs.84.96

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%)

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.