MIRA INFORM REPORT

Report Date :

08.07.2014

IDENTIFICATION DETAILS

Name :	SABAROT WASSNER
Registered Office :	LA Combe, 43320 Chaspuzac
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	January, 1957
Legal Form :	Public limited company with board of directors
Line of Business :	Processing and Preserving of Vegetables
No. of Employees :	50 to 99 employees

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

FRANCE - ECONOMIC OVERVIEW

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

Source : CIA

Company name

Name

SABAROT WASSNER

SIRET

585 750 813 00040

Personal comment

company summary

		EUR VAT Number	FR63585750813
Activity (APE)	processing and preserving of vegetables (1039A)	Legal form	Public limited company with board of directors
Phone	04 71 08 09 10	RCS Registration	RCS Le Puy 5 585 750 813
Fax		Share capital	750,200 Euros
Address	SABAROT WASSNER LA COMBE 43320 CHASPUZAC	Incorporated Date	12/1957
Nationality	France	Status	Economically active

Last published Judgment	11/07/2008
No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Company number
FINANCIERE WASSNER	403013121

Current Directors

4

Trading to Date	12/31/2010	12/31/2005	12/31/2004
Turnover	25,339,419 €	17,279,416 €	18,510,547 €
Gross Operating Surplus	0.82 % Turnover	0.93 % Turnover	-0.16 % Turnover
Shareholders’ equity	2,956,826 €	5,255,246 €	4,901,523 €
Net result	-94,949 €	-11,135 €	-112,711 €
Employees	50 to 99 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Activity (APE)	processing and preserving of vegetables (1039A)
RCS Registration	RCS Le Puy 5 585 750 813	Share capital	750,200 Euros
Registration Court	Le Puy (43)	Legal form	Public limited company with board of directors
Court Registry Number	19 5 7B00081	EUR VAT Number	FR63585750813
Incorporation Date	12/1957	Formation Date	01/1957
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Ultimate Parent

1 ultimate parent company for this company > FINANCIERE WASSNER - Fonds de placement et entités financières similaires (6430Z) in PARIS 8 (75008)

Establishment details

Activity (APE)	processing and preserving of vegetables (1039A)	Business Pages FT®	CONSERVES DE LEGUMES (FABRICATION, GROS)
Postal Address	SABAROT WASSNER LA COMBE 43320 CHASPUZAC	Trading Address	LA COMBE 43320 CHASPUZAC
Telephone	04 71 08 09 10
Fax

Type	Head office	Status	Economically active
Formation Date	06/1998	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Manufacture, production	Activity Location	Plant
Location surface		Seasonality

Department	Haute-Loire (43)	Region	Auvergne
District	2	Area	12
City	CHASPUZAC	Size of urban area	Establishment in a rural municipality

Other establishments

Branches	2 branch entities in this company
Head office	> SABAROT WASSNER <<< - Autre transformation et conservation de légumes (1039A) in CHASPUZAC (43320)
Secondary establishments	> SABAROT WASSNER - Autre transformation et conservation de légumes (1039A) in CHADRAC (43000) > SABAROT WASSNER - Autre transformation et conservation de légumes (1039A) in POLIGNAC (43000) > SABAROT WASSNER - Autre transformation et conservation de légumes (1039A) in LE PUY EN VELAY (43000) > SABAROT WASSNER - Autre transformation et conservation de légumes (1039A) in VALS PRES LE PUY (43750)

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 50 to 80% of workforce

Workforces

Workforce at address

50 to 99 employees

Company workforce

50 to 99 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010	31/12/2005	31/12/2004
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	04/07/2011	-	-
Activity Code	1039A	1039A	1039A
Employees	83	58	60

Active account

Annual Accounts	31/12/2010		31/12/2005		31/12/2004	Sector Median2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	1,561,925	-53.6%	3,365,445	-2.2%	3,440,591	273,143.50	471.8%
- Intangible assets	141,595	-16.0%	168,649	-4.0%	175,667	3,690	3737.3%
- Tangible assets	968,763	2.5%	944,841	27.9%	738,702	175,134.50	453.2%
- Financial assets	451,567	-79.9%	2,251,953	-10.9%	2,526,219	3,209.50	13969.7%
Net current assets	10,149,050	16.2%	8,737,766	-5.5%	9,242,664	856,051	1085.6%
- Stocks	5,518,962	58.7%	3,476,975	-12.9%	3,989,756	145,004.50	3706.1%
- Advanced payments	0	16.2%	0	0%	0	0	0%
- Receivables	3,804,976	-21.4%	4,838,764	-2.2%	4,946,927	439,559.50	765.6%
- Securities and cash	825,113	95.5%	422,028	37.9%	305,979	53,064.50	1454.9%
- Prepaid expenses	-	-	-	-	-	105	-
Accounts of regularization	2,438	5704.8%	42	-97.8%	1,881	0	0%
Total Assets	11,713,412	-3.2%	12,103,253	-4.6%	12,685,136	1,334,666.50	777.6%

Passive Account

Annual Accounts	31/12/2010		31/12/2005		31/12/2004	Sector Median2010
Shareholders' equity	2,956,826	-43.7%	5,255,246	7.2%	4,901,523	371,428.50	696.1%
Share capital	380,587	0%	380,587	0%	380,587	100,000	280.6%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	2,438	-98.8%	199,453	-26.0%	269,543	0	0%
Liabilities	8,751,108	31.6%	6,648,005	-11.5%	7,512,609	774,335	1030.1%
- Financial liabilities	5,047,310	98.6%	2,541,101	-29.2%	3,587,606	168,814	2889.9%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	2,899,981	-18.4%	3,554,954	5.7%	3,363,544	332,602.50	771.9%
- Tax and social liabilities	725,803	41.5%	512,957	-2.5%	526,027	145,114.50	400.2%
- Other debts and fixed assets liabilities	81,054	105.0%	39,542	7.2%	36,890	16,257.50	398.6%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	11,713,412	-3.2%	12,103,253	-4.6%	12,685,136	1,334,666	777.6%

Results

Annual Accounts	31/12/2010		31/12/2005		31/12/2004	Sector Median2010
Sales of Goods	25,620,674	46.1%	17,538,392	-5.1%	18,474,191	2,034,613.50	1159.2%
Net turnover	25,339,419	46.6%	17,279,416	-6.7%	18,510,547	1,984,695.50	1176.7%
- of which net export turnover	4,053,880	63.4%	2,480,560	11.0%	2,235,349	0	0%
Operating charges	25,522,793	46.3%	17,443,879	-6.2%	18,590,841	2,073,039.50	1131.2%
Operating profit/loss	97,881	3.6%	94,514	181.0%	-116,650	28,958.50	238.0%
Financial income	105,236	23.9%	84,943	-1.7%	86,375	489.50	21398.7%
Financial charges	376,583	124.8%	167,548	-11.3%	188,976	13,097	2775.3%
Financial profit/loss	-271,348	-228.5%	-82,605	19.5%	-102,601	-2,747	-9778.0%
Pretax net operating income	-173,466	-1556.7%	11,908	105.4%	-219,251	19,309	-998.4%
Extraordinary income	161,694	-73.2%	603,570	216.5%	190,707	7,814	1969.3%
Extraordinary charges	121,999	-79.2%	586,192	252.7%	166,203	5,104.50	2290.0%
Extraordinary profit/loss	39,695	128.4%	17,378	-29.1%	24,503	0	0%
Net result	-94,949	-752.7%	-11,135	90.1%	-112,711	18,291.50	-619.1%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2010	31/12/2005	31/12/2004
Months	12	12	12

Accounts – Active

Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2010		31/12/2005		31/12/2004
	Grand Total (I to VI)	Net	11,713,412	-3.2%	12,103,253	-4.6%	12,685,136
	Gross	CO	15,314,891	-0.7%	15,425,499	-7.3%	16,637,155
	Amortisation	1A	3,601,479	8.4%	3,322,246	-15.9%	3,952,019

Non declared distributed capital (I)

		31/12/2010		31/12/2005		31/12/2004
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

			31/12/2010		31/12/2005		31/12/2004
	Total Active fixed asset (II)	Net	1,561,925	-53.6%	3,365,445	-2.2%	3,440,591
	Gross	BJ	4,973,816	-23.4%	6,496,574	-9.8%	7,205,214
	Amortisation	BK	3,411,892	9.0%	3,131,129	-16.8%	3,764,623

Intangilble fixed assets

			31/12/2010		31/12/2005		31/12/2004
	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	28,155	0%	0	0%	0
	Gross	CX	37,536	0%	0	0%	0
	Amortisation	AE	9,382	0%	0	0%	0
	Distributorships, patents	Net	4,312	-78.9%	20,477	-25.5%	27,495
	Gross	AF	47,872	-1.8%	48,738	0%	48,738
	Amortisation	AG	43,560	54.1%	28,261	33.0%	21,243
	Goodwill	Net	107,357	-27.5%	148,172	0%	148,172
	Gross	AH	107,357	-27.5%	148,172	0%	148,172
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	1,771	0%	0	0%	0
	Gross	AJ	9,976	0%	0	0%	0
	Amortisation	AK	8,205	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	141,595	-16.0%	168,649	-4.0%	175,667

Tangilble fixed assets

			31/12/2010		31/12/2005		31/12/2004
	Lands	Net	68,602	0%	68,602	-18.2%	83,846
	Gross	AN	68,602	0%	68,602	-18.2%	83,846
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	193,302	-6.9%	207,668	-20.2%	260,222
	Gross	AP	782,985	20.0%	652,474	-9.3%	719,375
	Amortisation	AQ	589,683	32.6%	444,806	-3.1%	459,153
	Plant	Net	564,719	-6.2%	601,765	94.1%	309,996
	Gross	AR	3,079,097	10.3%	2,791,125	0.8%	2,769,878
	Amortisation	AS	2,514,378	14.8%	2,189,360	-11.0%	2,459,882
	Other tangible fixed assets	Net	59,599	-10.8%	66,806	-21.1%	84,638
	Gross	AT	306,283	25.4%	244,231	-10.6%	273,334
	Amortisation	AU	246,684	39.0%	177,425	-6.0%	188,696
	Fixed assets in construction	Net	82,541	0%	0	0%	0
	Gross	AV	82,541	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	968,763		944,841		738,702

Financial assets

			31/12/2010		31/12/2005		31/12/2004
	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	11,042	-99.4%	1,781,822	79.3%	993,823
	Gross	CU	11,042	-99.4%	1,849,957	74.2%	1,061,957
	Amortisation	CV	0	0%	68,135	0.0%	68,134
	Inter-company receivables	Net	0	0%	240,322	-83.5%	1,458,354
	Gross	BB	0	0%	453,751	-77.4%	2,011,834
	Amortisation	BC	0	0%	213,429	-61.4%	553,480
	Other investment securities	Net	88,887	0%	0	0%	0
	Gross	BD	88,887	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	167,170	-25.5%	224,416	226.9%	68,649
	Gross	BF	167,170	0%	234,129	-30.8%	82,683
	Amortisation	BG	0		9,713		14,034
	Other financial assets	Net	184,468	3320.5%	5,393	0%	5,393
	Gross	BH	184,468	3320.5%	5,393	0%	5,393
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		451,567		2,251,953		2,526,219

Current Assets (III)

			31/12/2010		31/12/2005		31/12/2004
	Total Assets	Net	10,149,050	16.2%	8,737,766	-5.5%	9,242,664
	Gross	CJ	10,338,637	15.8%	8,928,883	-5.3%	9,430,059
	Amortisation	CK	189,587	-0.8%	191,117	2.0%	187,395

Stocks

			31/12/2010		31/12/2005		31/12/2004
	Raw materials	Net	3,647,623	68.2%	2,168,806	-19.9%	2,708,643
	Gross	BL	3,708,468	63.7%	2,265,362	-18.8%	2,788,652
	Amortisation	BM	60,846	-37.0%	96,556	20.7%	80,009
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	1,798,802	49.4%	1,203,698	2.5%	1,174,808
	Gross	BR	1,801,071	48.4%	1,213,464	0.9%	1,202,704
	Amortisation	BS	2,269	-76.8%	9,766	-65.0%	27,896
	Goods for resale	Net	72,537	-30.6%	104,471	-1.7%	106,305
	Gross	BT	72,537	-30.6%	104,471	-1.7%	106,305
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	5,518,962	58.7%	3,476,975	-12.9%	3,989,756

Advance payments to suppliers

			31/12/2010		31/12/2005		31/12/2004
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2010		31/12/2005		31/12/2004
	Trade accounts receivable	Net	2,696,790	-30.9%	3,903,296	-5.6%	4,136,806
	Gross	BX	2,823,263	-29.2%	3,988,091	-5.4%	4,216,295
	Amortisation	BY	126,473	49.2%	84,795	6.7%	79,489
	Other debtors	Net	1,048,308	18.6%	884,236	17.7%	751,164
	Gross	BZ	1,048,308	18.6%	884,236	17.7%	751,164
	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	3,745,098	-21.8%	4,787,532	-2.1%	4,887,970

Divers

			31/12/2010		31/12/2005		31/12/2004
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	825,113	95.5%	422,028	37.9%	305,979
	Gross	CF	825,113	95.5%	422,028	37.9%	305,979
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	825,113	95.5%	422,028	37.9%	305,979

Prepaid expenses

			31/12/2010		31/12/2005		31/12/2004
	Prepaid expenses	Net	59,878	16.9%	51,232	-13.1%	58,957
	Gross	CH	59,878	16.9%	51,232	-13.1%	58,957
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2010		31/12/2005		31/12/2004
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	2,438	5704.8%	42	-97.8%	1,881
Gross		2,438	-	-	-	-

References

		31/12/2010		31/12/2005		31/12/2004
Due within one year	CP	0	0%	20,395	-97.1%	699,554
Due after one year	CR	127,594	59.4%	80,064	130.3%	34,766

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)

		31/12/2010		31/12/2005		31/12/2004
Grand Total (I to V)	EE	11,713,412	-3.2%	12,103,253	-4.6%	12,685,136

Shareholder Equity (I)

			31/12/2010		31/12/2005		31/12/2004
	Total shareholders' equity (Total I)	DL	2,956,826	-43.7%	5,255,246	7.2%	4,901,523
	Equity and shareholders' equity	DA	380,587	0%	380,587	0%	380,587
	Issue and merger premiums	DB	392,850	0%	392,850	0.0%	392,849
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	38,059	0%	38,059	0.0%	38,058
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	3,752,003
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	1,978,055	-51.6%	4,084,414	675.9%	526,422
	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%	-81,300
	Profit or loss for the period	DI	-94,949	-752.7%	-11,135	90.1%	-112,711
	Investment grants	DJ	0	0%	3,670	-34.6%	5,613
	Special tax-allowable reserves	DK	262,224	-28.5%	366,802	0%	0

Other capital resources (II)

			31/12/2010		31/12/2005		31/12/2004
	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)

			31/12/2010		31/12/2005		31/12/2004
	Total provisions for risks and charges (Total III)	DR	2,438	-98.8%	199,453	-26.0%	269,543
	Risk provisions	DP	2,438	-98.4%	157,105	-15.0%	184,847
	Reserves for charges	DQ	0	0%	42,348	-50.0%	84,696

Liabilities (IV)

			31/12/2010		31/12/2005		31/12/2004
	Total Liabilities (Total IV)	EC	8,751,108	31.6%	6,648,005	-11.5%	7,512,609
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	4,267,905	127.9%	1,872,327	-24.6%	2,484,503
	Sundry loans and financial liabilities	DV	779,405	16.5%	668,774	-39.4%	1,103,103
	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	2,899,981	-18.4%	3,554,954	5.7%	3,363,544
	Tax and social security liabilities	DY	725,803	41.5%	512,957	-2.5%	526,027
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	78,014	100.1%	38,994	10.1%	35,430

Translation loss (V)

		31/12/2010		31/12/2005		31/12/2004
Translation loss (Total V)	ED	3,040	454.7%	548	-62.5%	1,460

Equalization accounts

		31/12/2010		31/12/2005		31/12/2004
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2010		31/12/2005		31/12/2004
Of which tax-allowable reserve	EF	0	0%	0	0%	3,752,003
Deferred income and liabilities	EG	8,011,108	28.3%	6,243,923	-14.0%	7,264,026
Of which current bank facilities	EH	3,243,933	109.2%	1,550,305	-35.4%	2,401,062

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)

		31/12/2010		31/12/2005		31/12/2004
Operating result (Total I-II)	GG	97,881	3.6%	94,514	181.0%	-116,650

2 -Financial result(V - VI)

		31/12/2010		31/12/2005		31/12/2004
Financial result (Total V-VI)	GV	-271,348	-228.5%	-82,605	19.5%	-102,601

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

		31/12/2010		31/12/2005		31/12/2004
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-173,466	-1556.7%	11,908	105.4%	-219,251

4 -Extraordinary result(VII-VIII)

		31/12/2010		31/12/2005		31/12/2004
Extraordinary result (Total VII-VIII)	HI	39,695	128.4%	17,378	-29.1%	24,503

Profit or loss

		31/12/2010		31/12/2005		31/12/2004
Profit or loss	HN	-94,949	-752.7%	-11,135	90.1%	-112,711

Total Income (I+III+V+VII)

		31/12/2010		31/12/2005		31/12/2004
Total Income (I+III+V+VII)	HL	25,887,603	42.0%	18,226,905	-2.8%	18,751,274

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

		31/12/2010		31/12/2005		31/12/2004
Total charges (Total II+IV+VI+VIII+IX+X)	HM	25,982,552	42.5%	18,238,039	-3.3%	18,863,986

Operating income(I)

		31/12/2010		31/12/2005		31/12/2004
Total operating income (Total I)	FR	25,620,674	46.1%	17,538,392	-5.1%	18,474,191

Operating income (details)

			31/12/2010		31/12/2005		31/12/2004
	Sale of goods for resale	FC	251,119	-81.4%	1,351,591	-31.3%	1,966,331
	France	FA	173,282	-86.5%	1,284,411	-31.8%	1,882,727
	Export	FB	77,837	15.9%	67,180	-19.6%	83,604
	Sale of goods produced	FF	23,829,659	51.5%	15,729,132	-0.2%	15,765,728
	France	FD	19,915,235	49.5%	13,320,552	-2.2%	13,625,825
	Export	FE	3,914,424	62.5%	2,408,580	12.6%	2,139,903
	Sale of services	FI	1,258,641	533.5%	198,693	-74.5%	778,487
	France	FG	1,197,022	517.4%	193,893	-74.7%	766,645
	Export	FH	61,619	1183.7%	4,800	-59.5%	11,842
	Net turnover	FL	25,339,419	46.6%	17,279,416	-6.7%	18,510,547
	France	FJ	21,285,539	43.8%	14,798,856	-9.1%	16,275,198
	Export	FK	4,053,880	63.4%	2,480,560	11.0%	2,235,349
	Stocked production	FM	137,827	1180.9%	10,760	103.6%	-300,790
	Self-constructed assets	FN	35,041	0%	0	0%	0
	Operating grants	FO	0	0%	3,446	1825.1%	179
	Release of reserves and provisions	FP	107,321	-55.9%	243,565	-6.9%	261,724
	Other income	FQ	1,067	-11.4%	1,204	-52.4%	2,530

Operating charges(II)

		31/12/2010		31/12/2005		31/12/2004
Total operating charges (Total II)	GF	25,522,793	46.3%	17,443,879	-6.2%	18,590,841

Exploitation charges

		31/12/2010		31/12/2005		31/12/2004
Purchase of goods for resale	FS	395,937	-57.3%	927,619	-31.6%	1,355,677
Change in stocks of goods for resale	FT	-36,840	-2108.7%	1,834	-99.0%	190,351
Purchase of raw materials	FU	16,815,763	127.5%	7,393,130	-6.8%	7,930,623
Change in stocks of raw materials	FV	251,463	-51.9%	523,291	202.0%	173,282
Other external purchases and charges	FW	5,252,139	-17.7%	6,383,542	-4.6%	6,693,827
Tax, duty and similar payments	FX	274,981	25.8%	218,507	2.7%	212,702
Payroll	FY	1,694,411	38.3%	1,225,370	2.3%	1,197,573
Social security costs	FZ	657,117	43.1%	459,085	-5.3%	484,608

Depreciation

		31/12/2010		31/12/2005		31/12/2004
Depreciation of fixed assets	GA	121,415	-28.1%	168,860	-27.1%	231,780
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	70,596	-38.8%	115,392	83.7%	62,806
Provisions for risks and charges	GD	0	0%	0	0%	16,365

Other charges

		31/12/2010		31/12/2005		31/12/2004
Other charges	GE	25,810	-5.3%	27,248	-33.9%	41,243

Operating charges (III-IV)

		31/12/2010		31/12/2005		31/12/2004
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)

			31/12/2010		31/12/2005		31/12/2004
	Total financial income (Total V)	GP	105,236	23.9%	84,943	-1.7%	86,375
	Share financial income	GJ	4,500	-88.7%	39,934	-32.5%	59,204
	Other investment income & capitalised receivables	GK	3,704	-20.2%	4,640	195.4%	1,571
	Other interest and similar income	GL	194	-38.4%	315	800%	35
	Released provisions and transferred charges	GM	0	0%	15,740	417.4%	3,042
	Exchange gains	GN	96,837	298.3%	24,313	11.9%	21,722
	Net income from disposal of investment securities	GO	0	0%	0	0%	798

Financial Charge (VI)

			31/12/2010		31/12/2005		31/12/2004
	Total financial charge (Total VI)	GU	376,583	124.8%	167,548	-11.3%	188,976
	Financial reserves and provisions	GQ	2,438	5704.8%	42	-97.8%	1,881
	Interest and similar charges	GR	236,373	61.9%	146,021	-7.9%	158,530
	Exchange losses	GS	137,773	541.3%	21,485	-24.8%	28,565
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			31/12/2010		31/12/2005		31/12/2004
	Total extraordinary income (Total VII)	HD	161,694	-73.2%	603,570	216.5%	190,707
	Extraordinary operating income	HA	05	-100.0%	44,038	5589.7%	774
	Extraordinary income from capital transactions	HB	87,002	-50.9%	177,132	2189.1%	7,738
	Released provisions and transferred charges	HC	74,687	-80.5%	382,399	109.9%	182,194

Extraordinary charges(VIII)

			31/12/2010		31/12/2005		31/12/2004
	Total extraordinary charges (Total VIII)	HH	121,999	-79.2%	586,192	252.7%	166,203
	Extraordinary operating charges	HE	40,465	-75.4%	164,268	1.3%	162,205
	Extraordinary charges from capital transactions	HF	81,534	-80.7%	421,833	10451.1%	3,998
	Extraordinary reserves and provisions	HG	0	0%	91	0%	0

Employee profit sharing(IX)

		31/12/2010		31/12/2005		31/12/2004
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits(X)

		31/12/2010		31/12/2005		31/12/2004
Tax on profits (Total X)	HK	-38,823	-196.0%	40,421	149.3%	-82,036

References

		31/12/2010		31/12/2005		31/12/2004
Of which equipment leases	HP	77,659	0%	0	0%	0
Of which property leases	HQ	172,879	-44.3%	310,654	0.0%	310,653
Of which transferred charges	A1	39,645	-65.7%	115,530	-46.1%	214,171
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	307	707.9%	38	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)

			31/12/2010		31/12/2005		31/12/2004
	Gross value at begin of period	OG	0	0%	7,205,215	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	1,037,995	-49.6%	2,059,012
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	219,129	-87.5%	1,746,635	403.2%	347,096
	Gross value at the end of period	OL	4,973,816	-23.4%	6,496,574	0%	0

Research and development Charge (Total I)

			31/12/2010		31/12/2005		31/12/2004
	Gross value at begin of period	CZ	21,845	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	20,691	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	5,000	0%	0	0%	0
	Gross value at the end of period	D0	37,536	0%	0	0%	0

Other budget item from Intangible fixed assets(Total II)

			31/12/2010		31/12/2005		31/12/2004
	Gross value at begin of period	KD	165,205	-16.1%	196,911	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	38,537
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	165,205	-16.1%	196,911	0%	0

Tangible fixed assets (Total III)

			31/12/2010		31/12/2005		31/12/2004
	Gross value at begin of period	LN	4,021,517	4.6%	3,846,435	0%	0
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	300,126	261.4%	83,050	-94.5%	1,510,307
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	2,134	-98.8%	173,052	0%	0
	Gross value at the end of period	NH	4,319,509	15.0%	3,756,433	0%	0

Fiancial assets (Total IV)

			31/12/2010		31/12/2005		31/12/2004
	Gross value at begin of period	LQ	511,599	-83.8%	3,161,869	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	151,962	-84.1%	954,945	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	211,995	-86.5%	1,573,583	0%	0
	Gross value at the end of period	NK	451,566	-82.2%	2,543,231	0%	0

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

			31/12/2010		31/12/2005		31/12/2004
	Reserve for depreciation value at begin of period	0N	0	0%	3,128,975	5.5%	2,966,718
Increases		0P	0	0%	168,860	-14.8%	198,098
Decreasess		0Q	0	0%	457,982	1177.8%	35,842
	Reserve for depreciation value at the end of period	0R	0	0%	2,839,853	-9.2%	3,128,974

Research and development charge (Total I)

			31/12/2010		31/12/2005		31/12/2004
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2010		31/12/2005		31/12/2004
	Reserve for depreciation value at begin of period	PE	48,034	126.1%	21,243	0%	0
Increases		PF	3,730	-46.9%	7,018	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	51,764	83.2%	28,261	33.0%	21,243

Total fixed assets amotisation(Total III)

			31/12/2010		31/12/2005		31/12/2004
	Reserve for depreciation value at begin of period	QU	3,243,337	4.4%	3,107,731	0%	0
Increases		QV	109,543	-32.3%	161,842	0%	0
Decreases		QW	2,135	-99.5%	457,982	0%	0
	Decreasess by budget item transfer	QX	3,350,745	19.2%	2,811,592	-9.5%	3,107,731

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2010		31/12/2005		31/12/2004
	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%	33,682
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2010		31/12/2005		31/12/2004
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	5,000	0%	0	0%	0
Depreciation of fixed assets during period		SP	37,536	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)

			31/12/2010		31/12/2005		31/12/2004
	Value at begining of period	7C	523,578	-52.1%	1,092,588	0%	0
Increases		UB	73,034	-84.9%	482,236	0%	0
Decreases		UC	142,363	-72.9%	526,175	0%	0
	Value at the end of period	UD	454,249	-56.7%	1,048,648	0%	0

Includes Total allocations

Operating	UE	70,596	-38.8%	115,392	0%	0
Financial	UG	2,438	5704.8%	42	0%	0
Exceptional	UJ	0	0%	366,802	0%	0

Includes Total Withdrawal

Operating	UF	107,304	-16.2%	128,035	169.2%	47,553
Financial	UH	0	0%	15,740	417.4%	3,042
Exceptional	UK	35,059	-90.8%	382,399	109.9%	182,194

Total regulated provisions (Total I)

			31/12/2010		31/12/2005		31/12/2004
	Value at begining of period	3Z	297,283	0%	0	0%	0
Increases		TS	0	0%	366,802	0%	0
Decreases		TT	35,059	0%	0	0%	0
	Value at the end of period	TU	262,224	-28.5%	366,802	0%	0

Total risk and charge provisions (Total II)

			31/12/2010		31/12/2005		31/12/2004
	Value at begining of period	5Z	39,628	-85.3%	269,543	0%	0
Increases		TV	2,438	5704.8%	42	0%	0
Decreases		TW	39,628	-43.5%	70,132	0%	0
	Value at the end of period	TX	2,438	-98.8%	199,453	0%	0

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2005		31/12/2004
	Value at begining of period	7B	186,667	-77.3%	823,044	3.1%	798,016
Increases		TY	70,596	-38.8%	115,392	83.7%	62,806
Decreases		TZ	67,676	-85.2%	456,042	1107.2%	37,778
	Value at the end of period	UA	189,587	-60.7%	482,394	-41.4%	823,044

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

		31/12/2010		31/12/2005		31/12/2004
Gross value	VT	4,283,087	-23.7%	5,616,832	-21.2%	7,126,329
1 year at most	VU	3,821,371	-21.4%	4,863,889	-14.5%	5,691,205
More than one year	VV	461,716	-38.7%	752,943	-47.5%	1,435,124

State of loans

		31/12/2010		31/12/2005		31/12/2004
Claims related to holdings (gross)	UL	0	0%	453,751	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	690,300
Loans (gross)	UP	167,170	-28.6%	234,129	0%	0
Loans (1 year at most)	UR	17,515	-11.8%	19,857	114.6%	9,254
Other financial assets (gross)	UT	184,468	3320.5%	5,393	0%	0
Other financial assets (1 year at most)	UV	0	0%	538	0%	0

Receivables statement of assets

		31/12/2010		31/12/2005		31/12/2004
Customers doubtful or disputed	VA	127,594	59.4%	80,064	130.3%	34,766
Other claims customer	UX	2,695,669	-31.0%	3,908,027	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	323	5.9%	305	-5.0%	321
Social Security and other social organizations	UZ	0	0%	168	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	570,075	16.9%	487,630	-12.8%	559,023
Other taxes and payments assimilated	VN	10,215	-38.4%	16,587	425.1%	3,159
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	111,244	13.7%	97,865	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	356,452	26.5%	281,681	0%	0

Prepaid

		31/12/2010		31/12/2005		31/12/2004
Prepaid	VS	59,878	16.9%	51,232	0%	0

State Debt

			31/12/2010		31/12/2005		31/12/2004
	Total debt (gross)	VY	8,751,108	31.6%	6,648,005	-11.5%	7,512,609
1 year at most		VZ2	8,011,108	28.3%	6,243,923	-14.0%	7,264,026
More than 1 year and 5 years at most		VZ3	740,000	83.1%	404,083	62.6%	248,582
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2005		31/12/2004
	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%	1,550,305	-35.4%	2,401,062
1 year at most		VG2	0	0%	1,550,305	-35.4%	2,401,062
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	4,267,905	1225.3%	322,022	285.9%	83,441
1 year at most		VH2	3,527,905	3316.1%	103,272	-55.2%	230,443
More than 1 year and 5 years at most		VH3	740,000	238.3%	218,750	0%	0
	Loans and various financial liabilities (gross)	8A1	57,635	-82.2%	324,598	0%	0
1 year at most		8A2	57,635	-68.0%	179,915	2.9%	174,776
More than 1 year and 5 years at most		8A3	0	0%	144,683	0%	0
	Suppliers and associated accounts (gross)	8B1	2,899,981	-18.4%	3,554,954	0%	0
1 year at most		8B2	2,899,981	-18.4%	3,554,954	5.7%	3,363,544
More than 1 year and 5 years at most		8B3	2,899,981	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	307,200	31.6%	233,465	1.3%	230,443
1 year at most		8C2	307,200	31.6%	233,465	1.3%	230,443
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	314,366	47.7%	212,905	-4.9%	223,793
1 year at most		8D2	314,366	47.7%	212,905	-4.9%	223,793
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	2,796	132.0%	1,205	-83.9%	7,489
1 year at most		VW2	2,796	132.0%	1,205	-83.9%	7,489
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	101,441	55.2%	65,382	1.7%	64,301
1 year at most		VQ2	101,441	55.2%	65,382	1.7%	64,301
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	721,770	109.7%	344,176	-55.7%	776,786
1 year at most		VI2	721,770	137.8%	303,526	-56.4%	695,486
More than 1 year and 5 years at most		VI3	0	0%	40,650	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	78,014	100.1%	38,994	0%	0
1 year at most		8K2	78,014	100.1%	38,994	10.1%	35,430
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

		31/12/2010		31/12/2005		31/12/2004
Loans made during the period	VJ	0	0%	350,000	0%	0
Debt repaid during the period	VK	280,000	151.5%	111,350	0%	0

Table allocation results and other information

Dividends distributed

		31/12/2010		31/12/2005		31/12/2004
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2010		31/12/2005		31/12/2004
Commitments leasing furniture	YQ	594,930	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	1,504,240	-17.1%	1,814,895
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2010		31/12/2005		31/12/2004
Subcontracting	YT	0	0%	0	0%	143,800
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	30,374
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

		31/12/2010		31/12/2005		31/12/2004
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

		31/12/2010		31/12/2005		31/12/2004
Amount VAT collected	YY	0	0%	0	0%	1,048,072
Total VAT on goods and services	YZ	0	0%	0	0%	2,017,145

Average number of employees

		31/12/2010		31/12/2005		31/12/2004
Average number of employees	YP	83	43.1%	58	-3.3%	60

Groups and Shareholders

		31/12/2010		31/12/2005		31/12/2004
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

		31/12/2010		31/12/2005		31/12/2004	Sector Median2010
Fixed Asset Financing		1.64	11.6%	1.47	5.0%	1.40	1.35	21.5%
Global Debt		124days	-10.8%	139days	-4.8%	146days	127days	-2.4%
Working Capital Fund overall net		45days	-29.7%	64days	12.3%	57days	54days	-16.7%
Financial independence		69.28%	-75.3%	280.68%	42.3%	197.28%	195.58%	-64.6%
More ratios
Solvability		25.24%	-41.9%	43.42%	12.4%	38.64%	33.98%	-25.7%
Capacity debt futures		83.81%	-73.6%	317.81%	70.6%	186.26%	411.09%	-79.6%
Coverage of current assets by net working capital overall		31.14%	-10.2%	34.69%	11.4%	31.13%	37.61%	-17.2%
General Liquidity		0.48	-38.5%	0.78	0%	0.78	0.58	-17.2%
Restricted Liquidity		0.58	-31.8%	0.85	2.4%	0.83	0.89	-34.8%

Management or rotation

		31/12/2010		31/12/2005		31/12/2004	Sector Median2010
Need background in operating working capital		79days	-9.2%	87days	-9.4%	96days	24days	229.2%
Treasury		-34days	-41.7%	-24days	41.5%	-41days	2days	-1800%
Inventory turnover of goods		73days	82.5%	40days	60.0%	25days	1days	7200%
Average length of credit granted to customers		40days	-51.8%	83days	6.4%	78days	45days	-11.1%
Average length of credit obtained suppliers		46days	-45.2%	84days	27.3%	66days	59.50days	-22.7%
More ratios
Inventory turnover of raw materials in industrial enterprises		79days	-27.5%	109days	-12.8%	125days	35days	125.7%
Inventory turnover of intermediate and finished products in the industrial enterprise		587days	27.6%	460days	-	days	220days	166.8%
Rotation tangible assets		586.63%	27.5%	460%	-	%	247.59%	136.9%

Profitability of the business

		31/12/2010		31/12/2005		31/12/2004	Sector Median2010
Margin trading		-0.43%	-117.6%	2.44%	7.5%	2.27	0%	0%
Profitability of the business		0.82	-11.8%	0.93	681.2%	-0.16	4.40%	-81.4%
Net profit		-0.37%	-516.7%	-0.06%	90.2%	-0.61%	1.14%	-132.5%
More ratios
Growth rate of turnover (excluding VAT)		46.65%	801.5%	-6.65%	70.7%	-22.69%	-0.05%	93400%
Rates integration		11.18%	-6.3%	11.93%	18.4%	10.08%	23.02%	-51.4%
Rate leasing furniture		0.31%	0%	0%	0%	0%	0%	0%
Work Factor		82.98%	1.5%	81.74%	-9.3%	90.15%	70.69%	17.4%
Weight interests		1.49	53.6%	0.97%	-4.9%	1.02%	0.51%	192.2%

Return on capital

		31/12/2010		31/12/2005		31/12/2004	Sector Median2010
Cash flow from the overall profitability		-0.47%	34.7%	-0.72%	-16.1%	-0.62%	4.04%	-111.6%
Rates of economic profitability		3%	50.0%	2%	0%	0%	13.95%	-78.5%
Financial profitability		2956826%	-43.7%	5255246%	7.2%	4901523%	389901%	658.4%
Return on investment		3.52%	75.1%	2.01%	123.3%	0.90%	6.94%	-49.3%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2005		31/12/2004	Sector Median2010
Turnover	25,339,419	46.6%	17,279,416	-6.7%	18,510,547	1,984,696 €	1176.7%

Sales of goods	251,119	-81.4%	1,351,591	-31.3%	1,966,331
- Purchase of goods	395,937	-57.3%	927,619	-31.6%	1,355,677
+/- Stock of goods variation	-36,840	-2108.7%	1,834	-99.0%	190,351
Trading margin	-107,978 €	-125.6%	422,138 €	0.4%	420,303 €	0 €	0%
	-0.43 % CA	-117.6%	2.44 % CA	7.5%	2.27 % CA	0 % CA	0%

Sale of goods produced	25,088,300	57.5%	15,927,825	-3.7%	16,544,215
+/- Stocked production	137,827	1180.9%	10,760	103.6%	-300,790
+ Self-constructed assets	35,041	0%	0	0%	0
Period production	25,261,168 €	58.5%	15,938,585 €	-1.9%	16,243,425 €	983,014.50 €	2469.8%
	99.69 % CA	8.1%	92.24 % CA	5.1%	87.75 % CA	98.25 % CA	1.5%

Trading margin	-107,978	-125.6%	422,138	0.4%	420,303	0	0%
+ Period Production	25,261,168	58.5%	15,938,585	-1.9%	16,243,425	983,014.50	2469.8%
- Purchase of raw materials	16,815,763	127.5%	7,393,130	-6.8%	7,930,623
+/- Change in stocks of raw materiels	251,463	-51.9%	523,291	202.0%	173,282
- Other external purchases and charges	5,252,139	-17.7%	6,383,542	-4.6%	6,693,827
Added value	2,833,825 €	37.5%	2,060,760 €	10.4%	1,865,996 €	485,843.50 €	483.3%
	11.18 % CA	-6.3%	11.93 % CA	18.4%	10.08 % CA	22.85 % CA	-51.1%

Added value	2,833,825 €	37.5%	2,060,760 €	10.4%	1,865,996 €	485,843.50 €	483.3%
+ Operating grants	0	0%	3,446	1825.1%	179
- Tax, duty and similar payments	274,981	25.8%	218,507	2.7%	212,702
- Personal charges	2,351,528	39.6%	1,684,455	0.1%	1,682,181
Gross operating surplus	207,316 €	28.6%	161,244 €	661.7%	-28,708 €	65,485.50 €	216.6%
	0.82 % CA	-11.8%	0.93 % CA	681.2%	-0.16 % CA	4.36 % CA	-81.2%

Gross operating surplus	207,316 €	28.6%	161,244 €	661.7%	-28,708 €	65,485.50 €	216.6%
+ Release of reserves and provisions	107,321	-55.9%	243,565	-6.9%	261,724
+ Other operating income	1,067	-11.4%	1,204	-52.4%	2,530
- Depreciation/Amortisation	192,011	-32.5%	284,252	-8.6%	310,951
- Other charges	25,810	-5.3%	27,248	-33.9%	41,243
Operating result	97,883 €	3.6%	94,513 €	181.0%	-116,648 €	28,773.50 €	240.2%
	0.39 % CA	-29.1%	0.55 % CA	187.3%	-0.63 % CA	1.44 % CA	-72.9%

Operating result	97,883 €	3.6%	94,513 €	181.0%	-116,648 €	28,773.50 €	240.2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	105,236	23.9%	84,943	-1.7%	86,375
- Financial charges	376,583	124.8%	167,548	-11.3%	188,976
Pre-tax result	-173,464 €	-1556.7%	11,908 €	105.4%	-219,249 €	18,004 €	-1063.5%
	-0.68 % CA	-1071.4%	0.07 % CA	105.9%	-1.18 % CA	1.11 % CA	-161.3%

Extraordinary income	161,694	-73.2%	603,570	216.5%	190,707	7,814	1969.3%
- Extraordinary charges	121,999	-79.2%	586,192	252.7%	166,203
Extraordinary result	39,695 €	128.4%	17,378 €	-29.1%	24,504 €	0 €	0%
	0.16 % CA	60.0%	0.10 % CA	-23.1%	0 % CA	0.01 % CA	1500%

Pre-tax result	-173,464 €	-1556.7%	11,908 €	105.4%	-219,249 €	18,004 €	-1063.5%
Extraordinary result	39,695 €	128.4%	17,378 €	-29.1%	24,504 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	-38,823	-196.0%	40,421	149.3%	-82,036
Net result	-94,946 €	-752.7%	-11,135 €	90.1%	-112,709 €	18,292 €	-619.1%
	-0.37 % CA	-516.7%	-0.06 % CA	90.2%	-0.61 % CA	1.07 % CA	-134.6%

judgements

Collective procedures

Courts

No judgment information for the company coming from Court

Rncs

No judgment information for the company coming from Rncs

Bodacc

Judgment	Homologation de concordat	Effective date	11/07/2008
Court	Le Puy-en-Velay	Parution date from Gazette	27/07/2008
Extrait de jugement Jugement d'homologation de l'accord Jugement d'homologation de l'accord intervenu dans la procédure de conciliation. Le jugement est déposé au greffe où tout intéressé peut en prendre connaissance. observations : jugement homologuant avenant n°1 à accord déjà homologué.

Judgment	Autres jugements et ordonnances	Effective date	09/12/2007
Court	-	Parution date from Gazette	09/12/2007
2334 - Date : 31 octobre 2007. Jugement d'homologation de l'accord. 585 750 813 RCS Le Puy en Velay. SABAROT WASSNER. Forme : S.A. Activité : minoterie, céréales, grains, farines et produits agricoles. Adresse : La Combe 43320 Chaspuzac. Complément de jugement : Jugement d'homologation de l'accord conciliation. Jugement déposé au Greffe ou tout intéressé peut en prendre connaissance.

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

Company monitored since	19/05/2010
Status of Monitoring	No social security and tax office preferential right to date

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
17/07/2013	Bodacc B	Modification et mutation diverse
43 - HAUTE-LOIRE GREFFE DU TRIBUNAL DE COMMERCE DU PUY 881 - 585 750 813 RCS Le Puy en Velay. SABAROT WASSNER. Forme : Société Anonyme à Conseil d'Administration. Capital : 750200 EUR. Activité : . Commentaires : Modification du capital.
29/06/2013	JAL	Modification of the share capital
Montagne (La)/Edition Haute-Loire Date de décision : 11/06/2013 La société : 585750813 - SABAROT WASSNER, LA COMBE, BP 111, 43320 CHASPUZAC a subi une augmentation de son capital social désormais de 750 200 € Date d'effet : 11/06/2013
05/03/2009	Bodacc B	Modification et mutation diverse
43 - HAUTE-LOIRE GREFFE DU TRIBUNAL DE COMMERCE DU PUY 686 - 585 750 813 RCS Le Puy-en-Velay. SABAROT WASSNER. Forme : Société anonyme à conseil d'administration. Administration : Président du conseil d'administration : WASSNER Daniel Christian Marie. Directeur général : WASSNER Daniel Christian Marie. Directeur général délégué administrateur : WASSNER Antoine Paul Jacques. Administrateur : WASSNER JEAN LOUIS PIERRE. Administrateur : WASSNER Marie-Sophie Christine Lucie. Commissaire aux comptes titulaire : EKYLIS. Commissaire aux comptes suppléant : JOLY JEAN BRICE. Capital : 380587 EUR. Activité : Minoterie,céréales,grains, farines et produits agricoles - négoce de céréales vente de produits du sol,semences et engrais, la collecte de céréales,en particulier des orges, blés et lentilles. Adresse de l’établissement principal : la Combe, 43320 Chaspuzac. Adresse du siège social : la Combe, 43320 Chaspuzac. Commentaires : Nomination de directeur général délégué. Date de commencement de l’activité : 16/12/1925. Date d’effet : 29/01/2009.
27/07/2008	Bodacc A	Extrait de jugement
43 - HAUTE-LOIRE TRIBUNAL DE COMMERCE DU PUY 4155 - Date : 11 juillet 2008. Jugement d'homologation de l'accord. 585 750 813 RCS Le Puy-en-Velay. SABAROT WASSNER. Forme : Société anonyme à conseil d'administration. Activité : Minoterie,céréales,grains, farines et produits agricoles - négoce de céréales vente de produits du sol,semences et engrais, la collecte de céréales,en particulier des orges, blés et lentilles. Adresse : la Combe, 43320 Chaspuzac. Complément de jugement : Jugement d'homologation de l'accord intervenu dans la procédure de conciliation. Le jugement est déposé au greffe où tout intéressé peut en prendre connaissance. observations : jugement homologuant avenant n°1 à accord déjà homologué.
09/12/2007	Bodacc A	Autres jugements et ordonnances
2334 - Date : 31 octobre 2007. Jugement d'homologation de l'accord. 585 750 813 RCS Le Puy en Velay. SABAROT WASSNER. Forme : S.A. Activité : minoterie, céréales, grains, farines et produits agricoles. Adresse : La Combe 43320 Chaspuzac. Complément de jugement : Jugement d'homologation de l'accord conciliation. Jugement déposé au Greffe ou tout intéressé peut en prendre connaissance.
22/11/2007	Bodacc A	Vente et cession
608 - RCS Le Puy B 313 140 808. A dater du : 21 juin 1978. RC 00-B 140. MOULIN DU BOS. Forme : S.A.S.U. Capital : 914 500 euros. Adresse du siège social : Moulin du Bos, 43450 Blesle. Administration : président : WASSNER (Daniel, Christian, Marie). Commissaire aux comptes titulaire : EKYLIS LYON. Commissaire aux comptes suppléant : JOLY (Jean, Brice). Ancienne administration : ancien gérant : DANIEL (Wassner). Etablissement principal - Activité : entreprise de minoterie commerce de farine ou de dérivés et de contingents de mouture . Adresse : Moulin-du-Bos, 43450 Blesle. Eléments incorporels de l'activité de négoce de farine, dépendant d'une branche d'activité d'opérations commerciales et industrielles, sous quelque forme que ce soit, concernant les céréales, le grain, les farines et les produits agricoles, acquis par achat au prix stipulé de 8 000 euros. Commentaires : modification survenue sur la dénomination, la forme juridique et le capital. Ancienne dénomination : ETABLISSEMENTS LAPORTE. Ancienne forme juridique : S.A.R.L. à associé unique. Ancien capital : 1 550 000 euros. Date de début d'activité : 1er avril 1978. Date d'effet : 1er octobre 2007. Précédent propriétaire : S.A. SABAROT WASSNER. RCS B 585 750 813. Publication légale : Le Renouveau du 18 octobre 2007. Oppositions : Cabinet Juricité, 39 place du Breuil, 43000 Le Puy.
23/08/2006	Bodacc C	Avis de dépôt des comptes
1640 - RCS Le Puy B 585 750 813. RC 57-B 81. SABAROT WASSNER. Forme: S.A. à conseil d'administration . Adresse du siège social: la Combe,43320 Chaspuzac. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
14/08/2005	Bodacc C	Avis de dépôt des comptes
459 - RCS Le Puy B 585 750 813. RC 57-B 81. SABAROT WASSNER. Forme: S.A. à conseil d'administration . Adresse du siège social: la Combe,43320 Chaspuzac. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
21/12/2004	Bodacc B	Modifications et mutations diverses
RCS Le Puy B 585750813 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 380 587 euros. Adresse du siège social : La Combe, 43320 Chaspuzac. Administration : président du conseil d'administration : WASSNER (Daniel, Christian, Marie). Directeur général : WASSNER (Daniel, Christian, Marie). Administrateurs : WASSNER (Jean, Louis, Pierre) WASSNER (Antoine, Paul, Jacques) M m e TEYSSIER, née WASSNER (Marie-Sophie, Christine, Lucie). Commissaire aux comptes titulaire : EKYLIS. Commissaire aux comptes suppléant : JOLY (Jean, Brice). Ancienne administration : ancien administrateur : WASSNER (Hubert, Jean) Etablissement principal: Activité : minoterie de céréales, de grains, de farines et de produits agricoles négoce de céréales. Vente de produits du sol, de semences et d'engrais. Collecte de céréales, en particulier d' orge, de blé et de lentilles. Adresse : La Combe, 43320 Chaspuzac. Date d'effet : 23 novembre 2004.
30/10/2003	Bodacc B	Modifications et mutations diverses
RCS Le Puy B 585750813 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 380 587 euros. Adresse du siège social : La Combe, 43320 Chaspuzac Etablissement principal: Activité : minoterie de céréales, de grains, de farines et de produits agricoles négoce de céréales. Vente de produits du sol, de semences et d' engrais. Collecte de céréales, en particulier d'orge, de blé et de lentilles. Adresse : La Combe, 43320 Chaspuzac. Commentaires : cession de la branche d'activité de commercialisation de farines en sachets à la S.A. MOULINS SOUFFLET, sise quai du Général-Sarrail, 10400 Nogent-sur-Seine. Date d'effet : 2 juillet 2003.
22/08/2003	Bodacc B	Modifications et mutations diverses
RCS Le Puy B 585750813 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 380 587 euros. Adresse du siège social : La Combe, 43320 Chaspuzac. Administration : président du conseil d'administration : WASSNER (Daniel, Christian, Marie). Directeur général : WASSNER (Daniel, Christian, Marie). Administrateurs : WASSNER (Hubert, Jean) WASSNER (Jean, Louis, Pierre). Commissaire aux comptes titulaire : EKYLIS. Commissaire aux comptes suppléant : JOLY (Jean, Brice). Ancien commissaire aux comptes titulaire : STE LYONNAISE DE REVISION EXPERTIS. Ancien commissaire aux comptes suppléant : M m e NEOLIER ( Andrée) Etablissement principal: Activité : minoterie de céréales, de grain, de farine et de produits agricoles négoce de céréales. Vente de produits du sol, de semences et d' engrais. Collecte de céréales, en particulier d'orge, de blé et de lentilles. Adresse : La Combe, 43320 Chaspuzac. Date d'effet : 17 juin 2003.
08/08/2003	Bodacc A	Création d'établissement
RCS B 543780449 MOULINS SOUFFLET. Forme : S.A. Capital : 2 165 000 euros. Adresse du siège social : quai du Général-Sarrail, 10400 Nogent-sur-Seine Etablissement principal: Activité : commercialisation de farine en sachets. Adresse : La Combe, 43320 Chaspuzac Branche d'activité, dépendant de l'établissement principal, acquise par achat au prix stipulé de 1 230 000 euros. Date d'effet : 2 juillet 2003. Précédent propriétaire : SABAROT WASSNER S.A. RCS Le Puy-en-Velay B 585750813 Publication légale: L'Eveil de Haute-Loire du 25 juillet 2003. Oppositions : M e Vey (Régis), notaire, 2 bis faubourg Saint-Jean, 43800 Le Puy.
25/07/2003	Bodacc A	Création d'établissement
RCS Le Puy B 585750813 A dater du: 28 décembre 1957 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 380 587 euros. Adresse du siège social : La Combe, 43320 Chaspuzac. Administration : président du conseil d'administration : WASSNER (Daniel, Christian, Marie). Directeur général : WASSNER (Daniel, Christian, Marie). Administrateurs : WASSNER (Hubert, Jean) WASSNER (Jean, Louis, Pierre). Commissaires aux comptes titulaires : CABINET JOLY ET ASSOCIES STE LYONNAISE DE REVISION ET D'EXPERTISE COMPTABLE SLYREC. Commissaires aux comptes suppléants : JOLY (Jean, Brice) M m e NEOLIER ( Andrée) Etablissement principal: Activité : minoterie de céréales, grains, farines et produits agricoles négoce de céréales. Vente de produits du sol, semences et engrais. Collecte de céréales, en particulier des orges, blés, lentilles. Adresse : La Combe, 43320 Chaspuzac ETABLISSEMENT SECONDAIRE. Activité : légumes secs et épicerie. Adresse : route de Polignac, 43000 Espaly-Saint-Marcel Branche d' activité, dépendant de l'établissement secondaire, acquise par achat au prix stipulé de 54 000 euros Date de début d' activité: 16 décembre 1925. Date d'effet : 1 e r avril 2003. Précédent propriétaire : S.A. ETABLISSEMENTS BASMAISON ET COMPAGNIE. RCS B 866200546 Publication légale: L'Eveil de Haute-Loire du 26 avril 2003. Oppositions : au fonds.
26/07/2002	Bodacc B	Modifications et mutations diverses
RCS Le Puy B 585750813 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 380 587 euros. Adresse du siège social : La Combe, 43320 Chaspuzac. Administration : président du conseil d'administration : WASSNER (Daniel, Christian, Marie). Nouveau directeur général : WASSNER ( Daniel, Christian, Marie). Administrateurs : WASSNER (Hubert, Jean) WASSNER (Jean, Louis, Pierre). Commissaires aux comptes titulaires : CABINET JOLY ET ASSOCIES STE LYONNAISE DE REVISION ET D'EXPERTISE COMPTABLE-SLYREC. Commissaires aux comptes suppléants : JOLY (Jean, Brice) M m e NEOLIER (Andrée) Etablissement principal: Activité : minoterie de céréales, grains, farines et produits agricoles négoce de céréales. Vente de produits du sol, semences et engrais. Collecte de céréales, en particulier des orges, blés, lentilles. Adresse : La Combe, 43320 Chaspuzac. Date d'effet : 20 juin 2002.
05/05/2002	Bodacc B	Modifications et mutations diverses
RCS Le Puy B 585750813 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 380 587 euros. Adresse du siège social : La Combe, 43320 Chaspuzac. Administration : président du conseil d'administration : WASSNER (Daniel, Christian, Marie). Administrateurs : WASSNER (Hubert, Jean) WASSNER (Jean, Louis, Pierre). Commissaires aux comptes titulaires : CABINET JOLY ET ASSOCIES STE LYONNAISE DE REVISION ET D'EXPERTISE COMPTABLE-SLYREC. Commissaires aux comptes suppléants : JOLY (Jean, Brice) M m e NEOLIER (Andrée). Anciens administrateurs : PETTEX SABAROT ( Maurice) PETTEX SABAROT (Pierre) Etablissement principal: Activité : minoterie vente de céréales, de grain, de farine et de produits agricoles. Négoce de céréales. Vente de produits du sol, de semences et d' engrais. Collecte de céréales et en particulier, orge, blé ou lentilles. Adresse : La Combe, 43320 Chaspuzac. Date d'effet : 15 mars 2002.
04/09/2001	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Le Puy B 585750813 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 2 455 400 F. Adresse : La Combe, 43320 Chaspuzac Nouvelle situation du siège social. Capital : 380 587 euros Etablissement principal: Activité : minoterie, céréales, grains, farine, produits agricoles, négoce de céréales, vente de produits du sol, de semences et d' engrais collecte de céréales, en particulier d'orge, de blé et de lentilles. Adresse : La Combe, 43320 Chaspuzac. Commentaires : augmentation du capital et conversion en euros. Date d'effet : 14 juin 2001.
26/01/2000	Bodacc A	Création d'établissement
RCS Le Puy B 313140808 A dater du: 21 juin 1978 RC 00-B 140 ETABLISSEMENTS LAPORTE. Forme : S.A.R.L. Capital : 762 000 euros. Adresse du siège social : Moulin du Bos, 43450 Blesle. Administration : gérant : WASSNER (Daniel, Christian, Marie). Commissaire aux comptes titulaire : EKYLIS LYON. Commissaire aux comptes suppléant : JOLY (Jean, Brice) Etablissement principal: Activité : entreprise de minoterie, commerce de farine et dérivés, contingents de mouture. Adresse : Moulin du Bos, 43450 Blesle Apport des actifs incorporels au prix stipulé de 4 698 000 F dépendant d'un fonds de commerce d'industrie de minoterie, comprenant 156 600 quintaux de droits de mouture Date de début d'activité: 1 e r avril 1978. Date d'effet : 14 décembre 1999. Précédent propriétaire : S.A. SABAROT WASSNER. RCS B 585750813 Publication légale: La Montagne édition de la Haute- Loire du 27 décembre 1999 déclaration de créances: au tribunal de commerce du Puy.
14/02/1999	Bodacc B	Modifications et mutations diverses
RCS Le Puy B 585 750 813 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 2 455 400 F. Adresse du siège social : La Combe 43320 Chaspuzac. Administration : président du conseil d'administration : WASSNER ( Daniel, Christian, Marie). Administrateurs : PETTEX SABAROT ( Maurice) PETTEX SABAROT (Pierre) WASSNER (Jean, Louis, Pierre). Commissaire aux comptes titulaire : CABINET JOLY ET ASSOCIES. Nomination en qualité de commissaire aux comptes titulaire : STE LYONNAISE DE REVISION ET D'EXPERTISE COMPTABLE-SLYREC. Commissaire aux comptes suppléant : JOLY (Jean, Brice). Nomination en qualité de commissaire aux comptes suppléant : Mme NEOLIER (Andrée) Etablissement principal: Activité : minoterie, céréales, grains, farines et produits agricoles négoce de céréales vente de produits du sol, de semences et d'engrais. Collecte de céréales, en particulier d'orge, de blé et de lentilles. Adresse : La Combe 43320 Chaspuzac. Date d'effet : 28 décembre 1998.
26/07/1998	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Le Puy B 585 750 813 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 2 455 400 F. Adresse : 14 rue des Moulins 43700 Brives-Charensac Nouvelle situation du siège social. Adresse : La Combe 43320 Chaspuzac Etablissement principal: Activité : minoterie, céréales, grains, farines et produits agricoles négoce de céréales, vente de produits du sol, de semences et d'engrais, collecte de céréales, en particulier d'orge, de blé et de lentilles. Adresse : La Combe 43320 Chaspuzac. Date d'effet : 25 juin 1998.
19/07/1998	Bodacc B	Modifications et mutations diverses
RCS Le Puy B 585 750 813 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 2 455 400 F. Adresse du siège social : 43700 Brives- Charensac. Administration : président du conseil d'administration : WASSNER ( Daniel, Christian, Marie). Administrateurs : PETTEX-SABAROT ( Maurice) WASSNER (Jean, Louis, Pierre) . Commissaire aux comptes titulaire : CABINET JOLY ET ASSOCIES. Commissaire aux comptes suppléant : JOLY (Jean, Brice). Ancien directeur général et administrateur : PETTEX-SBAROT (Pierre) Etablissement principal: Activité : minoterie, céréales, grains, farines et produits agricoles négoce de céréales, vente de produits du sol, de semences et d'engrais collecte de céréales, en particulier d'orge, de blé et de lentilles. Adresse : 43700 Brives- Charensac. Date d'effet : 15 décembre 1995.
24/07/1997	Bodacc A	Création d'établissement
RCS Le Puy B 585 750 813 A dater du: 28 décembre 1957 RC 57-B 81 SABAROT WASSNER. Forme : S.A. à conseil d' administration. Capital : 2 455 400 F. Adresse du siège social : 43700 Brives- Charensac. Administration : président du conseil d'administration : WASSNER ( Daniel, Christian, Marie). Directeur général et administrateur : PETTEX- SABAROT (Pierre). Administrateurs : PETTEX-SABAROT (Maurice) WASSNER ( Jean, Louis, Pierre). Commissaire aux comptes titulaire : CABINET JOLY ET ASSOCIES. Commissaire aux comptes suppléant : JOLY (Jean, Brice) Etablissement principal: Activité : minoterie, céréales, grains, farines et produits agricoles. Adresse : 43700 Brives-Charensac ETABLISSEMENT PRINCIPAL nouvelle situation. Activité : négoce de céréales, vente de produits du sol, de semences et d'engrais, collecte de céréales, en particulier d' orge, de blé et de lentilles Etablissement principal acquis par achat au prix de 1 000 000 de F Date de début d'activité: 16 décembre 1925. Date d'effet : 1er juillet 1997 Précédents propriétaires QUOIZOLA Denis QUOIZOLA, née BELLEDENT Marie, Hélène. RCS A 328 300 686 Publication légale: La Montagne du 2 juillet 1997. Oppositions : S.C.P. Bouiller Hidoux Poncy, 39 place du Breuil, 43000 Le Puy.
07/03/1997	Bodacc B	Modifications et mutations diverses
RCS o. RCS Le Puy B 585 750 813 RC RC 57- B 81 SABAROT WASSNER. Forme : S.A. à conseil d'administration. Capital : 2 455 400 F. Adresse du siège social : 43700 Brives-Charensac. Administration : président du conseil d'administration : WASSNER (Daniel, Christian, Marie) Directeur général et administrateur : PETTEX SABAROT (Pierre). Administrateur PETTEX SABAROT (Maurice). Nouvel administrateur : WASSNER (Jean-Louis, Pierre). Commissaire aux comptes titulaire : CABINET JOLY ET ASSOCIES. Commissaire aux comptes suppléant : JOLY (Jean, Brice) Etablissement principal: Activité : minoterie, céréales, grains, farines et produits agricoles. Adresse : 43700 Brives- Charensac Date de début d'activité: 16 décembre 1925. Date d'effet : 27 juin 1996.

Company events history

Date	Description
10/04/2014	Update of Company Activity
10/04/2014	Modification of Company Activity
08/03/2014	Update of participations in other companies
08/03/2014	Disengagement of the group
07/03/2014	New ultimate parent
07/03/2014	New parent detected
17/07/2013	Bodacc B: Various editing or changing
03/07/2013	Amendment
03/07/2013	Updated articles of association
03/07/2013	Minutes of general meeting of shareholders
11/06/2013	Other modification of Establishment
11/06/2013	Legal Gazette: Modification of the share capital
04/05/2012	Payment incident closed
19/10/2011	Payment incident detected
25/07/2011	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
19/05/2010	Collection of preferential rights activated for this company
22/02/2010	New subsidiarie(s) detected
05/03/2009	New Bodacc B ads detected
05/03/2009	Bodacc B: Various editing or changing
09/02/2009	Minutes of Board meeting
09/02/2009	Appointment/resignation of company officers
09/02/2009	Private document
09/02/2009	Changes to the Board of Directors
09/02/2009	Acte modificatif
31/12/2008	Update of Company Activity
31/12/2008	Modification of Company Activity
27/07/2008	New Bodacc A ads detected
27/07/2008	New collective procedure
09/12/2007	New collective procedure
31/12/2005	New accounts available
24/10/2005	Application and court order
24/10/2005	Requête et Ordonnance
31/12/2004	New accounts available
02/12/2004	Changes to the Board of Directors
02/12/2004	PV d'Assemblée
02/12/2004	Minutes of general meeting of shareholders
02/12/2004	Appointment/resignation of company officers
02/12/2004	Modification du Conseil d'Administration
02/12/2004	Nomination/démission des organes de gestion
02/12/2004	Private document
02/12/2004	Acte sous seing privé
29/06/2004	Updated articles of association
29/06/2004	Statuts mis à jour
29/06/2004	PV d'Assemblée
29/06/2004	Minutes of general meeting of shareholders
29/06/2004	Private document
29/06/2004	Acte sous seing privé
29/06/2004	Change to corporate purpose
29/06/2004	Modification de l'objet social
31/12/2003	New accounts available
04/08/2003	Nomination/démission des organes de gestion
04/08/2003	Changement de Commissaire aux Comptes
04/08/2003	Acte sous seing privé
04/08/2003	PV d'Assemblée
08/07/2002	Modification du Conseil d'Administration
08/07/2002	Statuts mis à jour
08/07/2002	PV du Conseil d'Administration
08/07/2002	Augmentation de Capital
08/07/2002	PV d'Assemblée
08/07/2002	Acte sous seing privé
08/07/2002	Acte modificatif
08/07/2002	Nomination/démission des organes de gestion
08/07/2002	Changement de Président (PDG, PCA)
19/04/2002	Acte modificatif
19/04/2002	PV du Conseil d'Administration
19/04/2002	Acte sous seing privé
19/04/2002	Modification du Conseil d'Administration
19/04/2002	Nomination/démission des organes de gestion
17/08/2001	Augmentation de Capital
17/08/2001	Conversion du Capital Social en Euros
17/08/2001	Acte sous seing privé
17/08/2001	PV d'Assemblée
17/08/2001	Statuts mis à jour
28/01/1999	Nomination/démission des organes de gestion
28/01/1999	Changement de Commissaire aux Comptes
28/01/1999	PV d'Assemblée
28/01/1999	Acte sous seing privé
07/07/1998	PV d'Assemblée
07/07/1998	Acte sous seing privé
07/07/1998	Statuts mis à jour
07/07/1998	Transfert du Siège dans le ressort du Tribunal de Commerce
03/07/1998	Acte sous seing privé
03/07/1998	Acte modificatif
03/07/1998	Nomination/démission des organes de gestion
03/07/1998	PV du Conseil d'Administration
13/02/1997	PV d'Assemblée
13/02/1997	Acte sous seing privé
13/02/1997	Nomination/démission des organes de gestion

Establishment events history

Date	Description
10/04/2014	Update of Establishment Address
10/04/2014	Update of Establishment Activity
10/04/2014	Modification of Head office Activity
11/06/2013	Update of Establishment Workforce
11/06/2013	Modification of Head office
18/05/2012	Update of phone numbers
31/12/2008	Modification of Head office
31/12/2008	Update of Establishment Workforce

directors

Name	Mme. TEYSSIER MARIE-SOPHIE CHRISTINE LUCIE
Manager position	Administrator	Date of birth	30/05/1971
Place of birth	PARIS(75)
Type	Individual	Name at birth	WASSNER

Name	M. WASSNER JEAN LOUIS PIERRE
Manager position	Administrator	Date of birth	11/02/1942
Place of birth	LE PUY EN VELAY(43)
Type	Individual	Name at birth

Name	M. WASSNER DANIEL CHRISTIAN MARIE
Manager position	Managing director, Chairman of the Board	Date of birth	26/12/1946
Place of birth	LE PUY EN VELAY(43)
Type	Individual	Name at birth

Name	M. WASSNER ANTOINE PAUL JACQUES
Manager position	Delegated managing director, Administrator	Date of birth	08/04/1981
Place of birth	LE PUY EN VELAY(43)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Chairman of the Board	M DANIEL WASSNER	12/26/1946 - LE PUY
Managing director	M DANIEL WASSNER	12/26/1946 - LE PUY
Delegated managing director	M ANTOINE WASSNER	4/8/1981 - LE PUY EN VELAY
Administrator	M ANTOINE WASSNER	4/8/1981 - LE PUY EN VELAY
Administrator	M JEAN WASSNER	- - -
Administrator	MME MARIE-SOPHIE WASSNER	5/30/1971 - PARIS 16

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.95
UK Pound	1	Rs.102.78
Euro	1	Rs.81.39

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	NNA

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.