MIRA INFORM REPORT

Report Date :

31.07.2014

IDENTIFICATION DETAILS

Name :	ETABLISSEMENTS J ROSTAING

Registered Office :	17 Av Charles De Gaulle, 01800 Villieu Loyes Mollon

Country :	France

Financials (as on) :	31.12.2012 31.12.2011 (Consolidated)

Date of Incorporation :	January 1959

Com. Reg. No.:	RCS Bourg-En-Bresse 5 759 200 405

Legal Form :	Public Limited Company with board of directors

Line of Business :	· Engaged in manufacturing of gloves Engaged in designing and producing Regular Individual Protective Equipment (PPE)

No of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

France

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate 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 create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

Source : CIA

company summary


	Name	ETABLISSEMENTS J ROSTAING	SIRET	759 200 405 00018

Trade name	G.T. SECURITE
		EUR VAT Number	FR02759200405
Activity (APE)	· Engaged in manufacturing of gloves Engaged in designing and producing Regular Individual Protective Equipment (PPE)	Legal form	Public limited company with board of directors
Phone	09 65 19 25 24	RCS Registration	RCS Bourg-En-Bresse 5 759 200 405
		Share capital	200,000 Euros
Address	ETABLISSEMENTS J ROSTAING GT SECURITE 17 AV CHARLES DE GAULLE 01800 VILLIEU LOYES MOLLON	Incorporated Date	06/1959
Nationality	France	Status	Economically active

	Payment Information Summary - Trade Payment Data
	Total number of Invoices available	4
	Total number of Invoices paid within or up to 30 days after the due date	0
	Total number of Invoices paid more than 30 days after the due date	1
	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	3

No social security and tax office preferential right to date

Current Directors

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	20,460,067 €	21,247,651 €	18,497,494 €
Gross Operating Surplus	2.04 % Turnover	3.52 % Turnover	2.15 % Turnover
Shareholders’ equity	4,389,662 €	4,170,830 €	3,862,138 €
Net result	269,546 €	359,079 €	174,183 €
Employees	Not Available	-	-

	Trends
	Profitability
	Liquidity
	Net worth

Company details

Activity (APE)	· Engaged in manufacturing of gloves Engaged in designing and producing Regular Individual Protective Equipment (PPE)
RCS Registration	RCS Bourg-En-Bresse 5 759 200 405	Share capital	200,000 Euros
Registration Court	Bourg-En-Bresse (01)	Legal form	Public limited company with board of directors
Court Registry Number	19 5 9B00040	EUR VAT Number	FR02759200405
Incorporation Date	06/1959	Formation Date	01/1959
Nationality	France	Last account Date	31/12/2012

Establishment details

Trade name	G.T. SECURITE
Activity (APE)	· Engaged in manufacturing of gloves Engaged in designing and producing Regular Individual Protective Equipment (PPE)	Business Pages FT®	CONFECTION : MATERIEL, FOURNITURE ET ACCESSOIRES
Postal Address	ETABLISSEMENTS J ROSTAING GT SECURITE 17 AV CHARLES DE GAULLE 01800 VILLIEU LOYES MOLLON	Trading Address	17 AVENUE CHARLES DE GAULLE 01800 VILLIEU LOYES MOLLON
Telephone	09 65 19 25 24
Product details	Gloves Building Large Work Gloves Gloves Masonry Gloves Frame Gloves Cover Gloves Cladding Quilting Gloves / Damage / Drilling Coatings And Finishes Gloves Facades Winter Work Gloves Second Work Gloves Plaquiste Gloves Gloves Painting Gloves Tiles Gloves Laying Floor Electricity Gloves Gloves Plumbing Gloves Pose Ceiling Tiles Mechanics Gloves Gloves Carpenter Handling Gloves Gloves parks Current Work Gloves Heavy Duty Gloves Foresters Work Gloves Work Gloves Thorny Gloves Special Size · Pruners Vibrating Equipment Chain Saw Winter Gloves Accessories · Anti-Noise Headphones Apron Eco Concept French Manufacturing Gloves Industry Handling Gloves · Gloves Dry Conditions Gloves Wetland Gloves Medium Fat Gloves Precision · Gloves Dry Conditions Gloves Wetland Gloves Medium Fat Gloves Saw Protection · Cut Resistant Gloves In Dry Conditions Cut Resistant Gloves Wet Cut Resistant Gloves Fat Middle Heat Resistant Gloves Protection · Heat Resistant Gloves In Dry Conditions Heat Resistant Gloves Wet Heat Resistant Gloves Fat Middle Gloves Protect Against Cold · Gloves Protect Against Cold Upland Gloves Protect Against Cold Wet Cryogenic Gloves Gloves Maintenance · Gloves Polishing / Wiping Gloves Road / Scrub Leaching Gloves Dyneema Gloves Cuff Firefighters Gloves Heated Gloves

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

Department	Ain (01)	Region	Rhône-Alpes
District	2	Area	19
City	VILLIEU LOYES MOLLON	Size of urban area	Establishment in a rural municipality

Other establishments

	Branches		1 branch entities in this company


	Head office		> ETABLISSEMENTS J ROSTAING <<< - Autres activités manufacturières n.c.a. (3299Z) in VILLIEU LOYES MOLLON (01800)

	Secondary establishments		> ETABLISSEMENTS J ROSTAING - Autres activités manufacturières n.c.a. (3299Z) in AMBERIEU EN BUGEY (01500)

	Rationality	Legal unit with all establishments in same area

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

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	15/02/2014	28/08/2012	26/04/2012
Activity Code	3299Z	3299Z	3299Z
Employees	0	0	0

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	771,672	-12.3%	879,887	14.5%	768,630	30,210.50	2454.3%
- Intangible assets	276,094	-4.1%	287,788	48.9%	193,285	933.50	29476.2%
- Tangible assets	209,403	-10.9%	234,981	-6.6%	251,667	9,097	2201.9%
- Financial assets	286,175	-19.9%	357,118	10.3%	323,678	500	57135.0%
Net current assets	9,124,353	-12.3%	10,400,477	5.0%	9,909,163	89,044	10147.0%
- Stocks	7,188,753	-9.9%	7,975,760	23.4%	6,465,710	19,140	37458.8%
- Advanced payments	1,150	-12.3%	3,343	14.0%	2,933	0	0%
- Receivables	1,438,739	-21.5%	1,832,768	-26.1%	2,481,536	26,034	5426.4%
- Securities and cash	495,711	-15.8%	588,606	-38.6%	958,982	15,999.50	2998.3%
- Prepaid expenses	-	-	-	-	-	217	-
Accounts of regularization	0	0%	3,390	0%	0	0	0%
Total Assets	9,896,029	-12.3%	11,283,755	5.7%	10,677,793	133,966	7287.0%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Shareholders' equity	4,389,662	5.2%	4,170,830	8.0%	3,862,138	48,510	8949.0%
Share capital	200,000	0%	200,000	0%	200,000	10,000	1900%
Other capital resources	269,116	27.0%	211,963	0.1%	211,817	0	0%
Risk Provisions	283,742	13.8%	249,319	12.7%	221,311	0	0%
Liabilities	4,948,722	-25.6%	6,651,640	4.2%	6,381,847	78,756.50	6183.6%
- Financial liabilities	707,156	-32.1%	1,041,662	-2.4%	1,067,801	17,108	4033.5%
- Advanced payments received	3,815	-4.8%	4,009	-58.7%	9,713	0	0%
- Trade account payables	3,134,596	-29.6%	4,453,451	6.1%	4,198,568	12,880	24236.9%
- Tax and social liabilities	740,607	-4.4%	774,963	3.0%	752,350	33,112	2136.7%
- Other debts and fixed assets liabilities	367,330	-2.7%	377,555	6.6%	354,089	4,662.50	7778.4%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	9,896,029	-12.3%	11,283,754	5.7%	10,677,793	133,965.50	7287.0%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Sales of Goods	20,114,755	-11.3%	22,686,284	13.4%	20,011,780	182,592	10916.2%
Net turnover	20,460,067	-3.7%	21,247,651	14.9%	18,497,494	179,585	11293.0%
- of which net export turnover	5,460,659	-1.5%	5,541,475	30.5%	4,245,473	0	0%
Operating charges	19,713,656	-10.2%	21,943,096	11.6%	19,661,573	172,469	11330.3%
Operating profit/loss	401,099	-46.0%	743,188	112.2%	350,207	5,766.50	6855.7%
Financial income	25,736	10.6%	23,278	57.8%	14,748	03	857766.7%
Financial charges	146,257	-18.3%	178,960	52.8%	117,102	464	31420.9%
Financial profit/loss	-120,521	22.6%	-155,682	-52.1%	-102,354	-139.50	-86295.0%
Pretax net operating income	280,578	-52.2%	587,506	137.0%	247,853	5,419	5077.7%
Extraordinary income	79,810	2357.2%	3,248	-97.0%	109,126	0	0%
Extraordinary charges	43,924	6.7%	41,179	-30.1%	58,875	58.50	74983.8%
Extraordinary profit/loss	35,886	194.6%	-37,931	-175.5%	50,251	0	0%
Net result	269,546	-24.9%	359,079	106.2%	174,183	5,360.50	4928.4%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to VI)	Net	9,896,029	-12.3%	11,283,755	5.7%	10,677,793
Gross	CO	10,812,296	-11.4%	12,198,276	5.6%	11,549,356
Amortisation	1A	916,267	0.2%	914,521	4.9%	871,563

Non declared distributed capital (I)

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

Active fixed asset (II)

		31/12/2012		31/12/2011		31/12/2010
Total Active fixed asset (II)	Net	771,672	-12.3%	879,887	14.5%	768,630
Gross	BJ	1,607,057	-6.6%	1,721,200	9.9%	1,566,675
Amortisation	BK	835,385	-0.7%	841,313	5.4%	798,045

Intangible fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	184,698	349.3%	41,106	1135.2%	3,328
	Gross	AF	279,198	229.5%	84,722	104.8%	41,362
	Amortisation	AG	94,500	116.7%	43,616	14.7%	38,034
	Goodwill	Net	83,846	0%	83,846	0%	83,846
	Gross	AH	83,846	0%	83,846	0%	83,846
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	7,550	-95.4%	162,836	53.5%	106,111
	Gross	AJ	7,550	-95.4%	162,836	53.5%	106,111
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	276,094	-4.1%	287,788	48.9%	193,285

Tangible fixed assets

		31/12/2012		31/12/2011		31/12/2010
Lands	Net	4,574	0%	4,574	0%	4,574
Gross	AN	38,048	0%	38,048	0%	38,048
Amortisation	AO	33,474	0%	33,474	0%	33,474
Buildings	Net	177,995	-3.5%	184,503	8.1%	170,605
Gross	AP	405,408	1.9%	397,867	7.3%	370,669
Amortisation	AQ	227,413	6.6%	213,364	6.6%	200,064
Plant	Net	4,544	-26.5%	6,183	-5.4%	6,537
Gross	AR	194,485	0.6%	193,355	0.1%	193,166
Amortisation	AS	189,941	1.5%	187,172	0.3%	186,629
Other tangible fixed assets	Net	22,290	-43.9%	39,721	-38.7%	64,818
Gross	AT	310,969	-14.1%	362,030	-0.1%	362,446
Amortisation	AU	288,679	-10.4%	322,309	8.3%	297,628
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%	5,133
Gross	AX	0	0%	0	0%	5,133
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	209,403		234,981		251,667

Financial assets

		31/12/2012		31/12/2011		31/12/2010
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	147,582	0%	147,582	0%	147,582
Gross	CU	147,582	-21.3%	187,582	-0.4%	188,420
Amortisation	CV	0	0%	40,000	-2.1%	40,838
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	1,143	0%	1,143	0%	1,143
Gross	BD	1,143	0%	1,143	0%	1,143
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	137,450	-34.0%	208,393	19.1%	174,953
Gross	BH	138,828	-33.8%	209,771	19.0%	176,331
Amortisation	BI	1,378	0%	1,378	0%	1,378
Sub Total Financial Assets		286,175		357,118		323,678

Current Assets (III)

		31/12/2012		31/12/2011		31/12/2010
Total Assets	Net	9,124,353	-12.3%	10,400,477	5.0%	9,909,163
Gross	CJ	9,205,232	-12.1%	10,473,682	4.9%	9,982,677
Amortisation	CK	80,879	10.5%	73,205	-0.4%	73,514

Stocks

		31/12/2012		31/12/2011		31/12/2010
Raw materials	Net	1,476,298	-14.8%	1,733,654	11.7%	1,551,504
Gross	BL	1,476,298	-14.8%	1,733,654	11.7%	1,551,504
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	5,712,455	-8.5%	6,242,106	27.0%	4,914,206
Gross	BR	5,712,455	-8.5%	6,242,106	27.0%	4,914,206
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	7,188,753	-9.9%	7,975,760	23.4%	6,465,710

Advance payments to suppliers

		31/12/2012		31/12/2011		31/12/2010
Advance payments to suppliers	Net	1,150	-65.6%	3,343	14.0%	2,933
Gross	BV	1,150	-65.6%	3,343	14.0%	2,933
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2012		31/12/2011		31/12/2010
Trade accounts receivable	Net	755,359	-8.0%	820,770	-20.1%	1,026,767
Gross	BX	836,238	-6.5%	893,975	-18.8%	1,100,281
Amortisation	BY	80,879	10.5%	73,205	-0.4%	73,514
Other debtors	Net	571,141	-36.4%	898,065	-33.1%	1,342,683
Gross	BZ	571,141	-36.4%	898,065	-33.1%	1,342,683
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	1,326,500	-22.8%	1,718,835	-27.5%	2,369,450

Divers

		31/12/2012		31/12/2011		31/12/2010
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	495,711	-15.8%	588,606	-38.6%	958,982
Gross	CF	495,711	-15.8%	588,606	-38.6%	958,982
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	495,711	-15.8%	588,606	-38.6%	958,982

Prepaid expenses

		31/12/2012		31/12/2011		31/12/2010
Prepaid expenses	Net	112,239	-1.5%	113,933	1.6%	112,086
Gross	CH	112,239	-1.5%	113,933	1.6%	112,086
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2011		31/12/2010
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	3,390	0%	0
Gross		0	0%	3,390	0%	0

References

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

Grand Total - Passive Accounts (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Grand Total (I to V)	EE	9,896,029	-12.3%	11,283,754	5.7%	10,677,793

Shareholder Equity (I)

		31/12/2012		31/12/2011		31/12/2010
Total shareholders' equity (Total I)	DL	4,389,662	5.2%	4,170,830	8.0%	3,862,138
Equity and shareholders' equity	DA	200,000	0%	200,000	0%	200,000
Issue and merger premiums	DB	0	0%	0	0%	0
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	20,000	0%	20,000	0%	20,000
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	3,900,116	8.6%	3,591,036	3.6%	3,466,852
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	0	0%	0	0%	0
Profit or loss for the period	DI	269,546	-24.9%	359,079	106.2%	174,183
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	715	-35.1%	1,102

Other capital resources (II)

		31/12/2012		31/12/2011		31/12/2010
Total other capital resources (Total II)	DO	269,116	27.0%	211,963	0.1%	211,817
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	269,116	27.0%	211,963	0.1%	211,817

Provisions for risks and charges (III)

		31/12/2012		31/12/2011		31/12/2010
Total provisions for risks and charges (Total III)	DR	283,742	13.8%	249,319	12.7%	221,311
Risk provisions	DP	39,000	-12.1%	44,390	8.3%	41,000
Reserves for charges	DQ	244,742	19.4%	204,929	13.7%	180,311

Liabilities (IV)

		31/12/2012		31/12/2011		31/12/2010
Total Liabilities (Total IV)	EC	4,948,722	-25.6%	6,651,640	4.2%	6,381,847
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	576,529	-38.1%	930,936	-4.6%	976,132
Sundry loans and financial liabilities	DV	130,627	18.0%	110,726	20.8%	91,669
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	3,815	-4.8%	4,009	-58.7%	9,713
Trade accounts payables	DX	3,134,596	-29.6%	4,453,451	6.1%	4,198,568
Tax and social security liabilities	DY	740,607	-4.4%	774,963	3.0%	752,350
Fixed asset liabilities	DZ	6,697	0%	0	0%	16,587
Other debts	EA	355,851	-5.7%	377,555	12.1%	336,825

Translation loss (V)

			31/12/2012		31/12/2011		31/12/2010
	Translation loss (Total V)	ED	4,782	0%	0	0%	677

Equalization accounts

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

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	6,074,518	8.1%	5,620,206
Of which current bank facilities	EH	0	0%	128,651	1091.5%	10,797

Display parameter
Currency	Euro	Kilo Euro

1- Operating result(I-II)

			31/12/2012		31/12/2011		31/12/2010
	Operating result (Total I-II)	GG	401,099	-46.0%	743,188	112.2%	350,207

2 -Financial result(V - VI)

			31/12/2012		31/12/2011		31/12/2010
	Financial result (Total V-VI)	GV	-120,521	22.6%	-155,682	-52.1%	-102,354

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

			31/12/2012		31/12/2011		31/12/2010
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	280,578	-52.2%	587,506	137.0%	247,853

4 -Extraordinary result(VII-VIII)

			31/12/2012		31/12/2011		31/12/2010
	Extraordinary result (Total VII-VIII)	HI	35,886	194.6%	-37,931	-175.5%	50,251

Profit or loss

			31/12/2012		31/12/2011		31/12/2010
	Profit or loss	HN	269,546	-24.9%	359,079	106.2%	174,183

Total Income (I+III+V+VII)

			31/12/2012		31/12/2011		31/12/2010
	Total Income (I+III+V+VII)	HL	20,220,301	-11.0%	22,712,810	12.8%	20,135,654

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

			31/12/2012		31/12/2011		31/12/2010
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	19,950,754	-10.7%	22,353,728	12.0%	19,961,471

Operating income(I)

			31/12/2012		31/12/2011		31/12/2010
	Total operating income (Total I)	FR	20,114,755	-11.3%	22,686,284	13.4%	20,011,780

Operating income (details)

		31/12/2012		31/12/2011		31/12/2010
Sale of goods for resale	FC	0	0%	0	0%	0
France	FA	0	0%	0	0%	0
Export	FB	0	0%	0	0%	0
Sale of goods produced	FF	20,422,487	-3.9%	21,242,811	14.8%	18,496,869
France	FD	14,981,437	-4.6%	15,702,721	10.2%	14,250,977
Export	FE	5,441,050	-1.8%	5,540,090	30.5%	4,245,892
Sale of services	FI	37,580	676.4%	4,840	674.4%	625
France	FG	17,971	420.1%	3,455	230.9%	1,044
Export	FH	19,609	1315.8%	1,385	430.5%	-419
Net turnover	FL	20,460,067	-3.7%	21,247,651	14.9%	18,497,494
France	FJ	14,999,408	-4.5%	15,706,176	10.2%	14,252,021
Export	FK	5,460,659	-1.5%	5,541,475	30.5%	4,245,473
Stocked production	FM	-529,651	-139.9%	1,327,900	-6.4%	1,418,755
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	43,881	1866.9%	2,231	-27.3%	3,069
Release of reserves and provisions	FP	135,217	26.1%	107,221	21.3%	88,365
Other income	FQ	5,241	309.1%	1,281	-68.7%	4,097

Operating charges(II)

			31/12/2012		31/12/2011		31/12/2010
	Total operating charges (Total II)	GF	19,713,656	-10.2%	21,943,096	11.6%	19,661,573

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	9,148,903	-26.6%	12,457,502	9.1%	11,418,107
Change in stocks of raw materials	FV	257,356	241.3%	-182,150	21.9%	-233,329
Other external purchases and charges	FW	7,203,299	8.8%	6,622,023	17.0%	5,658,521
Tax, duty and similar payments	FX	286,913	-5.8%	304,707	42.0%	214,632
Payroll	FY	1,903,060	0.6%	1,892,004	6.1%	1,783,009
Social security costs	FZ	757,986	3.0%	735,914	8.2%	680,183

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	84,055	51.1%	55,618	7.5%	51,751
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	13,278	0.3%	13,239	-14.7%	15,518
Provisions for risks and charges	GD	39,813	61.7%	24,618	-49.6%	48,814

Other charges

			31/12/2012		31/12/2011		31/12/2010
	Other charges	GE	18,993	-3.2%	19,621	-19.5%	24,367

Operating charges (III-IV)

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

Financial income(V)

		31/12/2012		31/12/2011		31/12/2010
Total financial income (Total V)	GP	25,736	10.6%	23,278	57.8%	14,748
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	1,378	-88.6%	12,086	289.1%	3,106
Released provisions and transferred charges	GM	3,390	304.5%	838	-27.5%	1,156
Exchange gains	GN	20,968	102.5%	10,354	-1.3%	10,486
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2012		31/12/2011		31/12/2010
Total financial charge (Total VI)	GU	146,257	-18.3%	178,960	52.8%	117,102
Financial reserves and provisions	GQ	0	0%	3,390	0%	0
Interest and similar charges	GR	133,773	-15.2%	157,825	50.4%	104,913
Exchange losses	GS	12,484	-29.6%	17,745	45.6%	12,189
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

		31/12/2012		31/12/2011		31/12/2010
Total extraordinary income (Total VII)	HD	79,810	2357.2%	3,248	-97.0%	109,126
Extraordinary operating income	HA	10,877	280.2%	2,861	86.1%	1,537
Extraordinary income from capital transactions	HB	26,218	0%	0	0%	100
Released provisions and transferred charges	HC	42,715	10937.5%	387	-99.6%	107,489

Extraordinary charges(VIII)

		31/12/2012		31/12/2011		31/12/2010
Total extraordinary charges (Total VIII)	HH	43,924	6.7%	41,179	-30.1%	58,875
Extraordinary operating charges	HE	2,081	-94.8%	40,011	18.5%	33,760
Extraordinary charges from capital transactions	HF	41,843	4893.2%	838	0%	0
Extraordinary reserves and provisions	HG	0	0%	330	-98.7%	25,115

Employee profit sharing(IX)

			31/12/2012		31/12/2011		31/12/2010
	Employee profit sharing (Total IX)	HJ	0	0%	65,695	154.9%	25,775

Tax on profits(X)

			31/12/2012		31/12/2011		31/12/2010
	Tax on profits (Total X)	HK	46,917	-62.4%	124,798	27.2%	98,146

References

		31/12/2012		31/12/2011		31/12/2010
Of which equipment leases	HP	0	0%	0	0%	100
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	OG	0	0%	0	0%	0
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreasess by budget item transfer	OK1	0	0%	0	0%	0
Decreasess by transfers	OK2	0	0%	17,814	-59.1%	43,532
Gross value at the end of period	OL	0	0%	1,721,203	9.9%	1,566,679

Research and development Charge (Total I)

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

Other budget item from Intangible fixed assets(Total II)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	KD	0	0%	231,320	89.1%	122,333
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	0%	105,623	-3.1%	108,987
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	0	0%	5,538	0%	0
Gross value at the end of period	LW	0	0%	331,405	43.3%	231,320

Tangible fixed assets (Total III)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LN	0	0%	969,458	2.7%	944,347
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	0	0%	33,276	26.8%	26,248
Decreasess by budget item transfer	NG1	0	0%	0	0%	0
Decreasess by transfers	NG2	0	0%	11,436	906.7%	1,136
Gross value at the end of period	NH	0	0%	991,298	2.3%	969,462

Fiancial assets (Total IV)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LQ	0	0%	365,895	-7.7%	396,624
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	0	0%	33,439	186.6%	11,667
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	0	0%	838	-98.0%	42,396
Gross value at the end of period	NK	0	0%	398,496	8.9%	365,895

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

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

Research and development charge (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	PE	0	0%	38,034	5.8%	35,965
Increases		PF	0	0%	11,120	437.7%	2,068
Decreasess		PG	0	0%	5,538	0%	0
	Decreasess by budget item transfer	PH	0	0%	43,616	14.7%	38,033

Total fixed assets amotisation(Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	0	0%	717,793	7.3%	669,131
Increases		QV	0	0%	44,826	-10.0%	49,797
Decreases		QW	0	0%	6,303	454.8%	1,136
	Decreasess by budget item transfer	QX	0	0%	756,316	5.4%	717,797

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

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

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

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7C	0	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	0

Includes Total allocations

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

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	0	0%	2,115,745	-22.5%	2,731,383
1 year at most	VU	0	0%	1,905,974	-25.4%	2,555,052
More than one year	VV	0	0%	209,771	19.0%	176,331

State of loans

		31/12/2012		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	209,771	19.0%	176,331
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	0	0%	82,161	-30.3%	117,886
Other claims customer	UX	0	0%	811,813	-17.4%	982,394
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%	5,474	0.4%	5,450
Social Security and other social organizations	UZ	0	0%	27,027	89.1%	14,294
Income taxes	VM	0	0%	1,644	0%	0
Value added tax	VB	0	0%	626,534	-17.6%	760,171
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	237,385	-57.8%	562,767

Prepaid

			31/12/2012		31/12/2011		31/12/2010
	Prepaid	VS	0	0%	113,933	1.6%	112,086

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	0	0%	6,647,630	4.3%	6,372,134
1 year at most		VZ2	0	0%	6,074,519	8.1%	5,620,206
More than 1 year and 5 years at most		VZ3	0	0%	573,111	-23.8%	751,928
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2012		31/12/2011		31/12/2010
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	128,651	1091.5%	10,797
1 year at most		VG2	0	0%	128,651	1091.5%	10,797
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	802,285	-16.9%	965,334
1 year at most		VH2	0	0%	229,174	7.4%	213,406
More than 1 year and 5 years at most		VH3	0	0%	573,111	-23.8%	751,928
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	0	0%	4,453,451	6.1%	4,198,568
1 year at most		8B2	0	0%	4,453,451	6.1%	4,198,568
More than 1 year and 5 years at most		8B3	0	0%	4,453,451	6.1%	4,198,568
	Personnel and associated accounts (gross)	8C1	0	0%	412,664	16.0%	355,885
1 year at most		8C2	0	0%	412,664	16.0%	355,885
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	333,002	5.4%	316,010
1 year at most		8D2	0	0%	333,002	5.4%	316,010
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	46,523
1 year at most		8E2	0	0%	0	0%	46,523
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	4,779	-74.1%	18,423
1 year at most		VW2	0	0%	4,779	-74.1%	18,423
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	24,517	58.1%	15,508
1 year at most		VQ2	0	0%	24,517	58.1%	15,508
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%	16,587
1 year at most		8J2	0	0%	0	0%	16,587
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	110,726	20.8%	91,669
1 year at most		VI2	0	0%	110,726	20.8%	91,669
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	377,551	12.1%	336,825
1 year at most		8K2	0	0%	377,551	12.1%	336,825
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Loans made during the period	VJ	0	0%	46,789	-95.8%	1,102,210
Debt repaid during the period	VK	0	0%	0	0%	142,187

Table allocation results and other information
Dividends distributed

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

Commitments

		31/12/2012		31/12/2011		31/12/2010
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2012		31/12/2011		31/12/2010
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2012		31/12/2011		31/12/2010
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2012		31/12/2011		31/12/2010
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

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

Groups and Shareholders

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

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Fixed Asset Financing	4.04	8.9%	3.71	-5.6%	3.93	1.75	130.9%
Global Debt	87days	-23.0%	113days	-8.9%	124days	130days	-33.1%
Working Capital Fund overall net	86days	8.9%	79days	-11.2%	89days	80days	7.5%
Financial independence	761.39%	69.9%	448.03%	13.2%	395.66%	361.62%	110.5%
More ratios
Solvability	47.08%	21.2%	38.84%	1.8%	38.15%	38.35%	22.8%
Capacity debt futures	%	-	1165.61%	-32.3%	1722.61%	1151.24%	-
Coverage of current assets by net working capital overall	53.65%	19.1%	45.03%	-3.0%	46.44%	48.04%	11.7%
General Liquidity		-	0.31	-31.1%	0.45	0.48	-
Restricted Liquidity		-	0.41	-34.9%	0.63	0.91	-

Management or rotation

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Need background in operating working capital	75days	8.7%	69days	0%	69days	30days	150.0%
Treasury	9days	12.5%	8days	-55.6%	18days	5days	80.0%
Inventory turnover of goods	days	-	days	-	days	105days	-
Average length of credit granted to customers	15days	0%	15days	-28.6%	21days	40days	-62.5%
Average length of credit obtained suppliers	68days	-20.0%	85days	-5.6%	90days	48.50days	40.2%
More ratios
Inventory turnover of raw materials in industrial enterprises	58days	16.0%	50days	2.0%	49days	75days	-22.7%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	2143days	12.3%	1908days	493days	-
Rotation tangible assets	%	-	2143.42%	12.3%	1908.02%	524.93%	-

Profitability of the business

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Margin trading	0%	0%	0%	0%	0	0%	0%
Profitability of the business	2.04	-42.0%	3.52	63.7%	2.15	5.34%	-61.8%
Net profit	1.32%	-21.9%	1.69%	79.8%	0.94%	2.68%	-50.7%
More ratios
Growth rate of turnover (excluding VAT)	-3.71%	-124.9%	14.87%	30.0%	11.44%	0.29%	-1379.3%
Rates integration	16.23%	-6.2%	17.31%	4.2%	16.61%	35.29%	-54.0%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	80.13%	12.1%	71.45%	-10.9%	80.16%	70.03%	14.4%
Weight interests	0.71	-15.5%	0.84%	33.3%	0.63%	0.26%	173.1%

Return on capital

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Cash flow from the overall profitability	1.80%	-8.6%	1.97%	44.9%	1.36%	5.23%	-65.6%
Rates of economic profitability	8%	-42.9%	14%	75.0%	8%	12.71%	-37.1%
Financial profitability	4658778%	6.3%	4382793%	7.6%	4073955%	14504%	32020.6%
Return on investment	7.75%	-21.9%	9.92%	75.0%	5.67%	7.72%	0.4%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Turnover	20,460,067	-3.7%	21,247,651	14.9%	18,497,494	179,585 €	11293.0%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	0	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	0 €	0%	0 €	0 €	0%
	0.00 % CA	0%	0.00 % CA	0%	0.00 % CA	2.64 % CA	0%

Sale of goods produced	20,460,067	-3.7%	21,247,651	14.9%	18,497,494
+/- Stocked production	-529,651	-139.9%	1,327,900	-6.4%	1,418,755
+ Self-constructed assets	0	0%	0	0%	0
Period production	19,930,416 €	-11.7%	22,575,551 €	13.4%	19,916,249 €	85,911 €	23098.9%
	97.41 % CA	-8.3%	106.25 % CA	-1.3%	107.67 % CA	97.60 % CA	-0.2%

Trading margin	0	0%	0	0%	0	0	0%
+ Period Production	19,930,416	-11.7%	22,575,551	13.4%	19,916,249	85,911	23098.9%
- Purchase of raw materials	9,148,903	-26.6%	12,457,502	9.1%	11,418,107
+/- Change in stocks of raw materiels	257,356	241.3%	-182,150	21.9%	-233,329
- Other external purchases and charges	7,203,299	8.8%	6,622,023	17.0%	5,658,521
Added value	3,320,858 €	-9.7%	3,678,176 €	19.7%	3,072,950 €	65,676 €	4956.4%
	16.23 % CA	-6.2%	17.31 % CA	4.2%	16.61 % CA	35.29 % CA	-54.0%

Added value	3,320,858 €	-9.7%	3,678,176 €	19.7%	3,072,950 €	65,676 €	4956.4%
+ Operating grants	43,881	1866.9%	2,231	-27.3%	3,069
- Tax, duty and similar payments	286,913	-5.8%	304,707	42.0%	214,632
- Personal charges	2,661,046	1.3%	2,627,918	6.7%	2,463,192
Gross operating surplus	416,780 €	-44.3%	747,782 €	87.8%	398,195 €	9,180.50 €	4439.8%
	2.04 % CA	-42.0%	3.52 % CA	63.7%	2.15 % CA	5.34 % CA	-61.8%

Gross operating surplus	416,780 €	-44.3%	747,782 €	87.8%	398,195 €	9,180.50 €	4439.8%
+ Release of reserves and provisions	135,217	26.1%	107,221	21.3%	88,365
+ Other operating income	5,241	309.1%	1,281	-68.7%	4,097
- Depreciation/Amortisation	137,146	46.7%	93,475	-19.5%	116,083
- Other charges	18,993	-3.2%	19,621	-19.5%	24,367
Operating result	401,099 €	-46.0%	743,188 €	112.2%	350,207 €	5,766.50 €	6855.7%
	1.96 % CA	-44.0%	3.50 % CA	85.2%	1.89 % CA	3.12 % CA	-37.2%

Operating result	401,099 €	-46.0%	743,188 €	112.2%	350,207 €	5,766.50 €	6855.7%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	25,736	10.6%	23,278	57.8%	14,748
- Financial charges	146,257	-18.3%	178,960	52.8%	117,102
Pre-tax result	280,578 €	-52.2%	587,506 €	137.0%	247,853 €	5,419 €	5077.7%
	1.37 % CA	-50.5%	2.77 % CA	106.7%	1.34 % CA	2.77 % CA	-50.5%

Extraordinary income	79,810	2357.2%	3,248	-97.0%	109,126	0	0%
- Extraordinary charges	43,924	6.7%	41,179	-30.1%	58,875
Extraordinary result	35,886 €	194.6%	-37,931 €	-175.5%	50,251 €	0 €	0%
	0.18 % CA	200%	-0.18 % CA	-166.7%	0 % CA	0 % CA	0%

Pre-tax result	280,578 €	-52.2%	587,506 €	137.0%	247,853 €	5,419 €	5077.7%
Extraordinary result	35,886 €	194.6%	-37,931 €	-175.5%	50,251 €	0 €	0%
- Employee profit sharing	0	0%	65,695	154.9%	25,775
- Tax on profits	46,917	-62.4%	124,798	27.2%	98,146
Net result	269,547 €	-24.9%	359,082 €	106.2%	174,183 €	5,360.50 €	4928.4%
	1.32 % CA	-21.9%	1.69 % CA	79.8%	0.94 % CA	2.68 % CA	-50.7%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	22/11/2007
Status of Monitoring	No social security and tax office preferential right to date

Consolidated Accounts

Active Account | Passive Account | Account Results | Consolidation

Synthesized Accounts

Annual Accounts	31/12/2011	31/12/2009
Account period (month)	12	12
Account Type	Consolidated	Consolidated
Activity Code	3299Z	3299Z

Active account

Annual Accounts	31/12/2011		31/12/2009
Capital not called	0	0%	0
Total fixed assets	3,839,000	19.4%	3,216,000
- Intangible assets	586,000	41.9%	413,000
- Tangible assets	3,020,000	20.8%	2,501,000
- Financial assets	233,000	-22.8%	302,000
Net current assets	13,853,000	40.1%	9,886,000
- Stocks	9,645,000	78.2%	5,413,000
- Advanced payments	7,000	16.7%	6,000
- Receivables	2,607,000	0.9%	2,585,000
- Securities and cash	1,594,000	-15.3%	1,882,000
Accounts of regularization	0	0%	0
Total Assets	17,692,000	35.1%	13,100,000

Passive Account

Annual Accounts	31/12/2011		31/12/2009
Shareholders' equity	10,387,000	13.5%	9,152,000
Share capital	200,000	0%	200,000
Other capital resources	212,000	32.5%	160,000
Risk Provisions	580,000	95.9%	296,000
Liabilities	6,446,000	84.6%	3,492,000
- Financial liabilities	931,000	6550.0%	14,000
- Advanced payments received	201,000	6600%	3,000
- Trade account payables	3,476,000	54.5%	2,250,000
- Tax and social liabilities	1,146,000	33.7%	857,000
- Other debts and fixed assets liabilities	681,000	90.8%	357,000
Account regularization	11,000	0%	11,000
Total liabilities	17,692,000	35.1%	13,100,000

Results

Annual Accounts	31/12/2011		31/12/2009
Sales of Goods	23,660,000	54.3%	15,334,000
Net turnover	21,969,000	32.4%	16,595,000
- of which net export turnover	0	0%	0
Operating charges	22,319,000	56.3%	14,280,000
Operating profit/loss	1,341,000	27.2%	1,054,000
Financial income	331,000	6.8%	310,000
Financial charges	357,000	-2.2%	365,000
Financial profit/loss	-26,000	52.7%	-55,000
Pretax net operating income	1,315,000	31.6%	999,000
Extraordinary income	281,000	62.4%	173,000
Extraordinary charges	324,000	305.0%	80,000
Extraordinary profit/loss	-43,000	-146.2%	93,000

Consolidation

Annual Accounts	31/12/2011		31/12/2009
Net result before amortisation of goodwill	944,000	-0.7%	951,000
Goodwill amortisation allocation	0	0%	0
Net result of equity affiliates companies	0	0%	0
Net result of integrated companies	0	0%	0
Group result (consolidated net result)	944,000	-0.8%	952,000
Share of minority interest (Result except group)	-9,000	0%	0
Net result - group share (part of parent company)	954,000	0.2%	952,000

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		31/12/2011		31/12/2009
	Months		12		12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2009
Grand Total (I to VI)	Net	17,692,000	35.1%	13,100,000
Gross	CO	21,518,000	36.3%	15,787,000
Amortisation	1A	3,826,000	42.4%	2,687,000

Capital subscribed not called (I)

			31/12/2011		31/12/2009
	Capital subscribed not called (I)	AA3	0	0%	0

Active fixed asset (II)

		31/12/2011		31/12/2009
Total Active fixed asset (II)	Net	3,839,000	19.4%	3,216,000
Gross	BJ	7,098,000	23.4%	5,751,000
Amortisation	BK	3,259,000	28.6%	2,535,000

Intangible fixed assets

		31/12/2011		31/12/2009
Start-up cost	Net	0	0%	0
Gross	AB	0	0%	0
Amortisation	AC	0	0%	0
R&D expenses	Net	0	0%	0
Gross	CX	0	0%	0
Amortisation	AE	0	0%	0
Distributorships, patents	Net	339,000	3.0%	329,000
Gross	AF	434,000	8.8%	399,000
Amortisation	AG	95,000	35.7%	70,000
Goodwill	Net	84,000	0%	84,000
Gross	AH	84,000	0%	84,000
Amortisation	AI	0	0%	0
Other intangible fixed assets	Net	163,000	0%	0
Gross	AJ	163,000	0%	0
Amortisation	AK	0	0%	0
Pre-payments and downpayments	Net	0	0%	0
Gross	AL	0	0%	0
Amortisation	AM	0	0%	0

Tangible fixed assets

		31/12/2011		31/12/2009
Acquisition difference	Net	0	0%	0
Gross	A11	0	0%	0
Amortisation	A12	0	0%	0
Goodwill	Net	0	0%	0
Gross	A21	0	0%	0
Amortisation	A22	0	0%	0
Difference from the first consolidation	Net	0	0%	0
Gross	A31	0	0%	0
Amortisation	A32	0	0%	0
Lands	Net	5,000	0%	5,000
Gross	AN	38,000	0%	38,000
Amortisation	AO	33,000	0%	33,000
Buildings	Net	1,093,000	6.8%	1,023,000
Gross	AP	1,795,000	13.2%	1,585,000
Amortisation	AQ	702,000	24.9%	562,000
Plant	Net	1,492,000	37.4%	1,086,000
Gross	AR	3,159,000	34.4%	2,351,000
Amortisation	AS	1,667,000	31.8%	1,265,000
Other tangible fixed assets	Net	322,000	3.2%	312,000
Gross	AT	1,043,000	19.1%	876,000
Amortisation	AU	721,000	27.8%	564,000
Fixed assets in construction	Net	108,000	44.0%	75,000
Gross	AV	108,000	44.0%	75,000
Amortisation	AW	0	0%	0
Advances and payments on account	Net	0	0%	0
Gross	AX	0	0%	0
Amortisation	AY	0	0%	0

Financial assets

		31/12/2011		31/12/2009
Associates at equity	Net	0	0%	0
Gross	CS	0	0%	0
Amortisation	CT	0	0%	0
Other participations	Net	0	0%	67,000
Gross	CU	40,000	-63.0%	108,000
Amortisation	CV	40,000	-2.4%	41,000
Inter-company receivables	Net	0	0%	0
Gross	BB	0	0%	0
Amortisation	BC	0	0%	0
Other investment securities	Net	0	0%	0
Gross	BD	0	0%	0
Amortisation	BE	0	0%	0
Loans	Net	0	0%	0
Gross	BF	0	0%	0
Amortisation	BG	0	0%	0
Other financial assets	Net	233,000	-0.9%	235,000
Gross	BH	234,000	-0.4%	235,000
Amortisation	BI	1,000	0%	0
Other financial assets	Net	0	0%	0
Gross	A41	0	0%	0
Amortisation	A42	0	0%	0

Current Assets (III)

		31/12/2011		31/12/2009
Total Assets	Net	13,853,000	40.1%	9,886,000
Gross	CJ	14,420,000	43.7%	10,037,000
Amortisation	CK	567,000	275.5%	151,000

Stocks

		31/12/2011		31/12/2009
Raw materials	Net	2,899,000	48.2%	1,956,000
Gross	BL	2,964,000	46.3%	2,026,000
Amortisation	BM	65,000	-7.1%	70,000
Work in progress (goods)	Net	0	0%	0
Gross	BN	0	0%	0
Amortisation	BO	0	0%	0
Work in progress (services)	Net	0	0%	0
Gross	BP	0	0%	0
Amortisation	BQ	0	0%	0
Semi-finished and finished products	Net	6,355,000	102.5%	3,139,000
Gross	BR	6,355,000	102.5%	3,139,000
Amortisation	BS	0	0%	0
Goods for resale	Net	391,000	23.0%	318,000
Gross	BT	820,000	157.9%	318,000
Amortisation	BU	429,000	0%	0

Advance payments to suppliers

		31/12/2011		31/12/2009
Advance payments to suppliers	Net	7,000	16.7%	6,000
Gross	BV	7,000	16.7%	6,000
Amortisation	BW	0	0%	0

Debtors

		31/12/2011		31/12/2009
Trade accounts receivable	Net	1,061,000	10.9%	957,000
Gross	BX	1,134,000	9.2%	1,038,000
Amortisation	BY	73,000	-9.9%	81,000
Other debtors	Net	1,384,000	-7.7%	1,499,000
Gross	BZ	1,384,000	-7.7%	1,499,000
Amortisation	CA	0	0%	0
Capital subscribed and called up	Net	0	0%	0
Gross	CB	0	0%	0
Amortisation	CC	0	0%	0

Divers

		31/12/2011		31/12/2009
Investment securities	Net	0	0%	0
Gross	CD	0	0%	0
Amortisation	CE	0	0%	0
Cash and cash equivalents	Net	1,594,000	-15.3%	1,882,000
Gross	CF	1,594,000	-15.3%	1,882,000
Amortisation	CG	0	0%	0

Prepaid expenses

		31/12/2011		31/12/2009
Prepaid expenses	Net	162,000	25.6%	129,000
Gross	CH	162,000	25.6%	129,000
Amortisation	CI	0	0%	0

Equalization accounts (IV to VI)

		31/12/2011		31/12/2009
Multi-period charges	CW3	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0
Currency differential gain	CN3	0	0%	0

References

		31/12/2011		31/12/2009
Due within one year	CP	0	0%	0
Due after one year	CR	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			31/12/2011		31/12/2009
	Grand Total (I to IV)	EE	17,692,000	35.1%	13,100,000

Shareholder Equity (I)

		31/12/2011		31/12/2009
Total shareholders' equity (Total I)	DL	10,387,000	13.5%	9,152,000
Equity and shareholders' equity	DA	200,000	0%	200,000
Issue and merger premiums	DB	0	0%	0
Revaluation differentials	DC	0	0%	0
Of which equity differential	EK	0	0%	0
Legal reserve	DD	0	0%	0
Statutory or contractual reserve	DE	0	0%	0
Special regulated reserves	DF	0	0%	0
Other reserves	DG	9,980,000	17.1%	8,522,000
Profits or losses brought forward	DH	0	0%	0
Conversion differences	P1	-747,000	-43.1%	-522,000
Net result - group part	P2	954,000	0.2%	952,000
Investment grants	DJ	0	0%	0
Special tax-allowable reserves	DK	0	0%	0

Other capital resources (II)

		31/12/2011		31/12/2009
Total other capital resources (Total II)	DO	212,000	32.5%	160,000
Income from participating securities	DM	0	0%	0
Conditional loans	DN	212,000	32.5%	160,000
Others	P3	0	0%	0

Provisions for risks and charges (III)

		31/12/2011		31/12/2009
Total provisions for risks and charges (Total III)	DR	580,000	95.9%	296,000
Conversion differences	P4	21,000	0%	0
In reserves	P5	55,000	0%	0
In results	P6	-9,000	0%	0
Total III	P7	67,000	0%	0
Delayed tax	P8	89,000	0%	0
Acquisition differences	P9	0	0%	0
Risk provisions	DP	491,000	65.9%	296,000
Reserves for charges	DQ	0	0%	0

Liabilities (IV)

		31/12/2011		31/12/2009
Total Liabilities (Total IV)	EC	6,446,000	84.6%	3,492,000
Convertible debentures	DS	0	0%	0
Other debentures	DT	0	0%	0
Bank loans and liabilities	DU	800,000	5614.3%	14,000
Sundry loans and financial liabilities	DV	131,000	0%	0
Of which participating loans	EI	0	0%	0
Advance payments received for current orders	DW	201,000	6600%	3,000
Trade accounts payables	DX	3,476,000	54.5%	2,250,000
Tax and social security liabilities	DY	1,146,000	33.7%	857,000
Fixed asset liabilities	DZ	0	0%	0
Other debts	EA	681,000	90.8%	357,000

Translation loss (V)

			31/12/2011		31/12/2009
	Translation loss (Total V)	ED	0	0%	0

Equalization accounts

			31/12/2011		31/12/2009
	Deferred income	EB	11,000	0%	11,000

References

		31/12/2011		31/12/2009
Of which tax-allowable reserve	EF	0	0%	0
Deferred income and liabilities	EG	0	0%	0
Of which current bank facilities	EH	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			31/12/2011		31/12/2009
	Operating result (Total I-II)	GG	1,341,000	27.2%	1,054,000

2 - Financial result (V - VI)

			31/12/2011		31/12/2009
	Financial result (Total V-VI)	GV	-26,000	52.7%	-55,000

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

			31/12/2011		31/12/2009
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	1,315,000	31.6%	999,000

4 - Extraordinary result (VII-VIII)

			31/12/2011		31/12/2009
	Extraordinary result (Total VII-VIII)	HI	-43,000	-146.2%	93,000

Consolidation

		31/12/2011		31/12/2009
Delayed tax	R1	83,000	1137.5%	-8,000
Net result before amortisation of acquisition differences	R2	944,000	-0.7%	951,000
Endowment to amortisation of acquisition differences	R3	0	0%	0
Net result of companies set in equivalence	R4	0	0%	0
Net result of integrated companies	R5	0	0%	0
Group result (consolidated net result)	R6	944,000	-0.8%	952,000
Cross-reference : equipment leasing	R7	-9,000	0%	0
Cross-reference : property leasing	R8	954,000	0.2%	952,000

Operating income (I)

			31/12/2011		31/12/2009
	Total operating income (Total I)	FR	23,660,000	54.3%	15,334,000

Operating income (details)

		31/12/2011		31/12/2009
Sale of goods for resale	FC	0	0%	0
France	FA	0	0%	0
Export	FB	0	0%	0
Sale of goods produced	FF	21,969,000	32.4%	16,595,000
France	FD	21,969,000	32.4%	16,595,000
Export	FE	0	0%	0
Sale of services	FI	0	0%	0
France	FG	0	0%	0
Export	FH	0	0%	0
Net turnover	FL	21,969,000	32.4%	16,595,000
France	FJ	21,969,000	32.4%	16,595,000
Export	FK	0	0%	0
Stocked production	FM	1,540,000	208.1%	-1,425,000
Self-constructed assets	FN	0	0%	0
Operating grants	FO	2,000	-77.8%	9,000
Release of reserves and provisions	FP	149,000	-3.9%	155,000
Other income	FQ	0	0%	0

Operating charges (II)

			31/12/2011		31/12/2009
	Total operating charges (Total II)	GF	22,319,000	56.3%	14,280,000

Exploitation charges

		31/12/2011		31/12/2009
Purchase of goods for resale	FS	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0
Purchase of raw materials	FU	11,550,000	83.7%	6,286,000
Change in stocks of raw materials	FV	-182,000	-119.5%	933,000
Other external purchases and charges	FW	5,089,000	49.9%	3,394,000
Tax, duty and similar payments	FX	308,000	47.4%	209,000
Payroll	FY	3,894,000	66.9%	2,333,000
Social security costs	FZ	871,000	30.6%	667,000

Depreciation

		31/12/2011		31/12/2009
Depreciation of fixed assets	GA	743,000	68.1%	442,000
Amortisation of fixed assets	GB	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0
Provisions for risks and charges	GD	0	0%	0

Other charges

			31/12/2011		31/12/2009
	Other charges	GE	46,000	187.5%	16,000

Operating charges (III-IV)

		31/12/2011		31/12/2009
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0

Financial income (V)

		31/12/2011		31/12/2009
Total financial income (Total V)	GP	331,000	6.8%	310,000
Share financial income	GJ	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0
Other interest and similar income	GL	17,000	183.3%	6,000
Released provisions and transferred charges	GM	1,000	0%	0
Exchange gains	GN	313,000	3.0%	304,000
Net income from disposal of investment securities	GO	0	0%	0

Financial Charge (VI)

		31/12/2011		31/12/2009
Total financial charge (Total VI)	GU	357,000	-2.2%	365,000
Financial reserves and provisions	GQ	3,000	0%	0
Interest and similar charges	GR	158,000	36.2%	116,000
Exchange losses	GS	196,000	-21.3%	249,000
Net loss from disposal of investment securities	GT	0	0%	0

Extraordinary income (VII)

		31/12/2011		31/12/2009
Total extraordinary income (Total VII)	HD	281,000	62.4%	173,000
Extraordinary operating income	HA	204,000	21.4%	168,000
Extraordinary income from capital transactions	HB	77,000	1440.0%	5,000
Released provisions and transferred charges	HC	0	0%	0

Extraordinary charges (VIII)

		31/12/2011		31/12/2009
Total extraordinary charges (Total VIII)	HH	324,000	305.0%	80,000
Extraordinary operating charges	HE	44,000	-25.4%	59,000
Extraordinary charges from capital transactions	HF	80,000	1500%	5,000
Extraordinary reserves and provisions	HG	200,000	1150.0%	16,000

Employee profit sharing (IX)

			31/12/2011		31/12/2009
	Employee profit sharing (Total IX)	HJ	0	0%	0

Tax on profits (X)

			31/12/2011		31/12/2009
	Tax on profits (Total X)	HK	245,000	64.4%	149,000

References

		31/12/2011		31/12/2009
Of which equipment leases	HP	0	0%	0
Of which property leases	HQ	0	0%	0

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

Structure and Liquidity

	31/12/2011		31/12/2009
Fixed Asset Financing	2.17	2.8%	2.11
Global Debt	105.63 days	39.4%	75.75 days
Working Capital Fund overall net	135.53 days	-2.5%	138.97 days
Financial independence	1298.38%	-98.0%	65371.43%
More ratios
Solvability	59.91%	-15.7%	71.08%

Management or rotation

	31/12/2011		31/12/2009
Need background in operating working capital	108.04days	13.0%	95.62days
Treasury	26.12 days	-36.0%	40.83 days
Inventory turnover of goods	0 days	0%	0 days
More ratios
Inventory turnover of raw materials in industrial enterprises	92.38 days	-20.4%	116.03 days
Inventory turnover of intermediate and finished products in the industrial enterprise	0 days	0%	0 days

Profitability of the business

	31/12/2011		31/12/2009
Margin trading	0%	0%	0%
Profitability of the business	9.02	10.3%	8.18
More ratios
Rates integration	32.10%	16.9%	27.46%
Rate leasing furniture	0%	0%	0%
Weight interests	1.63	-25.9%	2.20%

Return on capital

	31/12/2011		31/12/2009
Rates of economic profitability	17.18%	18.1%	14.55%

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
08/07/2014	Bodacc B	Modification et mutation diverse

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 24 - 759 200 405 RCS Bourg-en-Bresse. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Administration : Président du conseil d'administration, Directeur général, Administrateur : ROSTAING Stéphane Directeur général délégué, Administrateur : BRAZIER Catherine né(e) ROSTAING Directeur général délégué : BRUNEL Charly, Pierre Administrateur : ROSTAING Jean-Auguste Commissaire aux comptes titulaire : GRANT THORNTON (SACA) Commissaire aux comptes titulaire : SARL CHRISTOPHE LEFEVRE (SARL) Commissaire aux comptes suppléant : IGEC (SACA) Commissaire aux comptes suppléant : ELLUL Herve. Activité : . Commentaires : Modification survenue sur l'administration.
13/06/2014	JAL	Appointment of the social representative

Voix de l’Ain (La) Date de décision : 01/04/2014 Société faisant l'objet d'une nomination : 759200405 - ETABLISSEMENTS J ROSTAING, G.T. SECURITE, 17 AV CHARLES DE GAULLE, 01800 VILLIEU LOYES MOLLON Nominé : Monsieur Charly BRUNEL, 01800 VILLIEU LOYES MOLLON
08/10/2013	Bodacc B	Modification et mutation diverse

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 16 - 759 200 405 RCS Bourg-en-Bresse. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Administration : Président du conseil d'administration, Directeur général, Administrateur : ROSTAING Stéphane Directeur général délégué, Administrateur : BRAZIER Catherine, Marie né(e) ROSTAING Administrateur : ROSTAING Jean-Auguste Commissaire aux comptes titulaire : GRANT THORNTON (SACA) Commissaire aux comptes titulaire : SARL CHRISTOPHE LEFEVRE (SARL) Commissaire aux comptes suppléant : IGEC (SACA) Commissaire aux comptes suppléant : ELLUL Herve. Activité : . Commentaires : Modification survenue sur l'administration.
03/10/2013	Bodacc C	Comptes consolidés et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 209 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
03/10/2013	Bodacc C	Comptes annuels et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 210 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
27/09/2013	JAL	Resignation / Revocation of the social representative

Voix de l’Ain (La) Date de décision : 28/08/2013 La société 759200405 - ETABLISSEMENTS J ROSTAING, G.T. SECURITE, 17 AV CHARLES DE GAULLE, 01800 VILLIEU LOYES MOLLON Fait l'objet du départ de Monsieur Jean-Auguste ROSTAING, De Monsieur Jacques ROSTAING, De SARL ACTI AUDIT, De Monsieur Stéphane ROSTAING, Chemin des Côtes d'en Haut, 01800, PEROUGES, De Monsieur Jacques ROSTAING
27/09/2013	JAL	Appointment of the social representative

Voix de l’Ain (La) Date de décision : 28/08/2013 Société faisant l'objet d'une nomination : 759200405 - ETABLISSEMENTS J ROSTAING, G.T. SECURITE, 17 AV CHARLES DE GAULLE, 01800 VILLIEU LOYES MOLLON Nominé : Monsieur Stéphane ROSTAING, 01800 PEROUGES En la fonction de : Président Directeur Général Nominé : Madame Catherine BRAZIER, 01320 CHATILLON LA PALUD En la fonction de : Administrateur
04/09/2012	Bodacc B	Modification et mutation diverse

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 34 - 759 200 405 RCS Bourg-en-Bresse. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Administration : Président directeur général : ROSTAING Jean-Auguste Directeur général délégué : BRAZIER Catherine, Marie né(e) ROSTAING Directeur général délégué et administrateur : ROSTAING Stéphane Directeur général délégué et administrateur : ROSTAING Jacques Commissaire aux comptes titulaire : GRANT THORNTON (SACA) Co-commissaire aux comptes titulaire : ACTIAUDIT (SARL) Commissaire aux comptes suppléant : IGEC (SACA) Co-commissaire aux comptes suppléant : ELLUL Herve. Activité : . Commentaires : Modification survenue sur l'administration.
20/08/2012	Bodacc C	Comptes annuels et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 897 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
20/08/2012	Bodacc C	Comptes annuels, consolidés et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 898 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
26/07/2012	JAL	Resignation / Revocation of the social representative

Ain Agricole (L ) Date de décision : 14/05/2012 La société 759200405 - ETABLISSEMENTS J ROSTAING, G.T. SECURITE, 17 AV CHARLES DE GAULLE, 01800 VILLIEU LOYES MOLLON Fait l'objet du départ de Madame Hélène ROSTAING
03/10/2011	Bodacc C	Comptes annuels, consolidés et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 560 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
27/09/2010	Bodacc C	Comptes annuels et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 275 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
27/09/2010	Bodacc C	Comptes annuels, consolidés et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 276 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
18/08/2010	Bodacc B	Modification et mutation diverse

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 20 - 759 200 405 RCS Bourg-en-Bresse. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Administration : Président directeur général : ROSTAING Jean-Auguste Directeur général délégué : BRAZIER Catherine, Marie né(e) ROSTAING Directeur général délégué et administrateur : ROSTAING Stéphane Directeur général délégué et administrateur : ROSTAING Jacques Administrateur : ROSTAING Hélène, Augustine né(e) PHILIBERT Commissaire aux comptes titulaire : GRANT THORNTON (SACA) Co-commissaire aux comptes titulaire : ACTIAUDIT (SARL) Commissaire aux comptes suppléant : IGEC (SACA) Co-commissaire aux comptes suppléant : ELLUL Herve. Commentaires : Modification survenue sur l'administration.
19/08/2009	Bodacc C	Comptes annuels et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 318 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
18/08/2009	Bodacc B	Modification et mutation diverse

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 15 - 759 200 405 RCS Bourg-en-Bresse. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Administration : Président directeur général : ROSTAING Jean-Auguste Directeur général délégué : BRAZIER Catherine Marie né(e) ROSTAING Directeur général délégué et administrateur : ROSTAING Stéphane Directeur général délégué et administrateur : ROSTAING Jacques Administrateur : ROSTAING Hélène Augustine né(e) PHILIBERT Commissaire aux comptes titulaire : FIDULOR Commissaire aux comptes suppléant : VILMINT Jean-Marie Co-commissaire aux comptes titulaire : ACTIAUDIT (SARL) Co-commissaire aux comptes suppléant : ELLUL Herve. Commentaires : Modification survenue sur l'administration.
21/08/2008	Bodacc C	Comptes annuels et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 190 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
27/04/2008	Bodacc B	Modification et mutation diverse

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 75 - 759 200 405 RCS Bourg-en-Bresse. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Administration : Président directeur général : ROSTAING Jean-AugusteDirecteur général délégué et administrateur : ROSTAING Stéphane. Directeur général délégué et administrateur : ROSTAING Jacques. Administrateur : ROSTAING Hélène Augustine né(e) PHILIBERT. Commissaire aux comptes titulaire : FIDULOR. Commissaire aux comptes suppléant : VILMINT Jean-Marie. Co-commissaire aux comptes titulaire : ACTIAUDIT (SARL). Co-commissaire aux comptes suppléant : ELLUL Herve. Commentaires : Modification survenue sur l'administration.
11/12/2007	Bodacc C	Avis de dépôt des comptes

303 - 759 200 405. RCS Bourg-en-Bresse ETABLISSEMENTS J ROSTAING. Forme: Société anonyme. Adresse du siège social: 01800 Villieu. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
28/09/2006	Bodacc C	Avis de dépôt des comptes

84 - RCS Bourg-en-Bresse B 759 200 405. RC 59-B 40. ETABLISSEMENTS J ROSTAING. Forme: S.A. Adresse du siège social: 01800 Villieu-Loyes-Mollon. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
25/09/2005	Bodacc C	Avis de dépôt des comptes

170 - RCS Bourg-en-Bresse B 759 200 405. RC 59-B 40. ETABLISSEMENTS J ROSTAING. Forme: S.A. Adresse du siège social: 01800 Villieu-Loyes-Mollon. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
17/07/2002	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse B 759200405 RC 59-B 40 ETABLISSEMENTS J. ROSTAING. Forme : S. A. Capital : 200 000 euros Nom commercial: G.T. Sécurité. Adresse du siège social : 01800 Villieu. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : ROSTAING (Jean, Auguste). Directeurs généraux délégués et administrateurs : ROSTAING (Stéphane) ROSTAING (Jacques) . Administrateur : PHILIBERT (Hélène, Augustine) ( Nom d'usage : ROSTAING). Commissaire aux comptes titulaire : FIDULOR ( Nom d'usage : FIDULOR). Commissaire aux comptes suppléant : VILMINT (Jean, Marie) ( Nom d'usage : VILMINT). Date d'effet : 15 juin 2002.
13/09/2001	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse B 759200405 RC 59-B 40 ETABLISSEMENTS J. ROSTAING. Forme : S. A. Capital : 200 000 euros Nom commercial: G.T. Sécurité. Adresse du siège social : 01800 Villieu. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : ROSTAING (Jean, Auguste) ( Nom d'usage : ROSTAING). Administrateurs et directeurs généraux : ROSTAING ( Stéphane) ( Nom d'usage : ROSTAING) ROSTAING (Jacques) ( Nom d'usage : ROSTAING). Administrateur : PHILIBERT ( Hélène, Augustine) ( Nom d'usage : ROSTAING). Commissaire aux comptes titulaire : FIDULOR ( Nom d'usage : FIDULOR). Commissaire aux comptes suppléant : VILMINT (Jean, Marie) ( Nom d'usage : VILMINT). Date d'effet : 29 juin 2001.
30/06/2001	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse B 759200405 RC 59-B 40 ETABLISSEMENTS J. ROSTAING. Forme : S. A. Capital : 200 000 euros Nom commercial: G.T. Sécurité. Adresse du siège social : 01800 Villieu-Loyes-Mollon. Commentaires : modification survenue sur le capital ( augmentation et conversion en euros). Date d'effet : 23 avril 2001.
14/06/2001	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse B 759200405 RC 59-B 40 ETABLISSEMENTS J. ROSTAING. Forme : S. A. Capital : 1 000 000 de F Nom commercial: G.T. Sécurité. Adresse du siège social : Villieu, 01800 Meximieux. Commentaires : modification survenue sur l'administration. Administration : P.-D.G. ROSTAING (Jean, Auguste) ( Nom d'usage : ROSTAING). Directeur général : ROSTAING (Jacques) ( Nom d'usage : ROSTAING). Administrateur et directeur général : ROSTAING (Stéphane) ( Nom d'usage : ROSTAING). Administrateur : PHILIBERT ( Hélène, Augustine) ( Nom d'usage : ROSTAING). Commissaire aux comptes titulaire : FIDULOR ( Nom d'usage : FIDULOR). Commissaire aux comptes suppléant : VILMINT (Jean, Marie) ( Nom d'usage : VILMINT). Date d'effet : 2 janvier 2001.
08/10/1998	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse B 759 200 405 RC 59- B 40 ETABLISSEMENTS J. ROSTAING. Forme : S.A. Capital : 1 000 000 de F (fixe) Nom commercial: G.T. Sécurité. Adresse du siège social : Villieu, 01800 Meximieux. Administration : ancien administrateur : Mme BRAZIER (Catherine) nouvel administrateur : ROSTAING (Stéphane) à compter du:30 juin 1998 Ancien directeur général : Mme BRAZIER ( Catherine) nouveau directeur général : ROSTAING (Stéphane). Date d'effet : 1er juillet 1998.
10/09/1995	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse b 759200405 RC 59-b 40 etablissement j. rostaing. Forme : S.A. Capital : 1 000 000 F (fixe) Nom commercial: G.T. Sécurité. Adresse du siège social : Villieu, 01800 Meximieux. Administration : ancien administrateur : ROSTAING (Lucy). Date d'effet : 12 mai 1995.

Company events history

Date	Description
08/07/2014	Bodacc B: Various editing or changing
19/06/2014	Update Limit
19/06/2014	Update Rating
17/06/2014	Amendment
17/06/2014	Changes to the Board of Directors
07/06/2014	Update Rating
07/06/2014	Update Limit
02/04/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/04/2014	Legal Gazette: Appointment of the social representative
19/10/2013	Update Limit
19/10/2013	Update Rating
08/10/2013	Bodacc B: Various editing or changing
03/10/2013	Bodacc C : Deposit accounts notice
27/09/2013	Legal Gazette: Resignation / Revocation of the social representative
25/09/2013	Amendment
25/09/2013	New auditor
25/09/2013	Minutes of general meeting of shareholders
25/09/2013	Changes to the Board of Directors
25/09/2013	New chairman (CEO, CoB)
28/08/2013	Legal Gazette: Appointment of the social representative
18/07/2013	Update Rating
18/07/2013	Update Limit
27/05/2013	Application and court order
27/05/2013	Extension of term
31/12/2012	New accounts available
04/09/2012	Bodacc B: Various editing or changing
30/08/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
20/08/2012	Bodacc C : Deposit accounts notice
17/08/2012	Changes to the Board of Directors
17/08/2012	Minutes of Board meeting
26/07/2012	Legal Gazette: Resignation / Revocation of the social representative
28/04/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	New accounts available
31/12/2011	New consolidated accounts available
03/10/2011	Bodacc C : Deposit accounts notice
22/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
06/05/2011	New participations in other companies
31/12/2010	New accounts available
27/09/2010	Bodacc C : Deposit accounts notice
18/08/2010	Bodacc B: Various editing or changing
30/07/2010	New auditor
30/07/2010	Changement de Commissaire aux Comptes
30/07/2010	PV d'Assemblée
30/07/2010	Minutes of general meeting of shareholders
31/12/2009	Update of Company Workforce
31/12/2009	Update of Company Activity
31/12/2009	Modification of Company Activity
31/12/2009	New accounts available
31/12/2009	New consolidated accounts available
19/08/2009	Bodacc C : Deposit accounts notice
18/08/2009	Bodacc B: Various editing or changing
31/07/2009	Amendment
31/07/2009	Minutes of Board meeting
31/07/2009	PV du Conseil d'Administration
31/07/2009	Appointment/resignation of company officers
31/07/2009	Private document
31/07/2009	Modification du Conseil d'Administration
31/12/2008	New accounts available
15/09/2008	Payment incident closed
21/08/2008	Bodacc C : Deposit accounts notice
12/08/2008	Payment incident detected
27/04/2008	New Bodacc B ads detected
27/04/2008	Bodacc B: Various editing or changing
21/04/2008	Private document
21/04/2008	Appointment/resignation of company officers
21/04/2008	PV d'Assemblée
21/04/2008	Minutes of general meeting of shareholders
21/04/2008	New auditor
31/12/2007	New accounts available
22/11/2007	Collection of preferential rights activated for this company
31/12/2006	New accounts available
31/12/2005	New accounts available
23/09/2005	PV d'Assemblée
23/09/2005	Statuts mis à jour
23/09/2005	Updated articles of association
23/09/2005	Minutes of general meeting of shareholders
23/09/2005	Private document
23/09/2005	Acte sous seing privé
31/12/2004	New accounts available
15/07/2004	Minutes of general meeting of shareholders
15/07/2004	PV d'Assemblée
15/07/2004	Amendment
15/07/2004	Acte modificatif
15/07/2004	Private document
15/07/2004	Acte sous seing privé
31/12/2003	New accounts available
27/06/2002	PV d'Assemblée
27/06/2002	Acte sous seing privé
27/06/2002	Modification du Conseil d'Administration
27/06/2002	PV du Conseil d'Administration
27/06/2002	Statuts mis à jour
27/06/2002	Acte modificatif
22/08/2001	Acte sous seing privé
22/08/2001	Modification du Conseil d'Administration
22/08/2001	Nomination/démission des organes de gestion
22/08/2001	PV d'Assemblée
12/06/2001	Statuts mis à jour
12/06/2001	PV d'Assemblée
12/06/2001	Acte sous seing privé
12/06/2001	Augmentation de Capital
12/06/2001	Conversion du Capital Social en Euros
12/06/2001	Acte modificatif
18/05/2001	Nomination/démission des organes de gestion
18/05/2001	Acte sous seing privé
18/05/2001	Acte modificatif
18/05/2001	PV du Conseil d'Administration
14/09/1998	Nomination/démission des organes de gestion
14/09/1998	PV du Conseil d'Administration
14/09/1998	PV d'Assemblée
14/09/1998	Acte modificatif
14/09/1998	Modification du Conseil d'Administration
14/09/1998	Acte sous seing privé
26/03/1996	PV d'Assemblée
26/03/1996	Statuts mis à jour
26/03/1996	Acte modificatif
22/08/1995	PV du Conseil d'Administration
22/08/1995	Acte modificatif
22/08/1995	Modification du Conseil d'Administration
11/03/1992	Modification du Conseil d'Administration
11/03/1992	Acte modificatif
11/03/1992	PV du Conseil d'Administration

Establishment events history

Date	Description
02/04/2014	Update Rating
02/04/2014	Update Limit
22/02/2014	Update of phone numbers
05/10/2013	Update Limit
27/09/2013	Update Limit
27/09/2013	Update Rating
25/09/2013	Update Limit
25/09/2013	Update Rating
07/09/2013	Update Rating
07/09/2013	Update Limit
30/08/2012	Update Limit
30/08/2012	Update Rating
22/07/2011	Update Limit
06/05/2011	Update Rating
09/11/2010	Update Rating
16/09/2010	Update Rating
16/09/2010	Update Limit
31/12/2009	Modification of Head office
31/12/2009	Update of Establishment Workforce
30/12/2009	Update Rating
10/08/2009	Update Limit
10/08/2009	Update Rating
10/04/2009	Update of phone numbers
15/09/2008	Update Limit
15/09/2008	Update Rating
28/08/2008	Update Limit
28/08/2008	Update Rating
06/08/2008	Update Limit
22/04/2008	Update Rating
16/12/2007	Update Limit
09/12/2007	Update Limit
07/12/2007	Update Limit
17/09/2007	Update Limit
17/09/2007	Update Rating

directors

Name	M. ROSTAING STÉPHANE
Manager position	Chairman of the Board, Managing director, Administrator	Date of birth	11/03/1970
Place of birth	LYON 6EME - 69
Type	Individual	Name at birth

Name	Mme. BRAZIER CATHERINE
Manager position	Delegated managing director, Administrator	Date of birth	29/05/1952
Place of birth	LYON 06 (69)
Type	Individual	Name at birth	ROSTAING

Name	M. BRUNEL CHARLY, PIERRE
Manager position	Delegated managing director	Date of birth	24/10/1981
Place of birth	VALENCE (26)
Type	Individual	Name at birth

Name	M. ROSTAING JEAN-AUGUSTE
Manager position	Administrator	Date of birth	12/03/1926
Place of birth	VILLIEU - 01
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Chief Executive Officer	M JEAN-AUGUSTE ROSTAING	3/12/1926 - VILLIEU - 01
Delegated managing director	Mme CATHERINE MARIE BRAZIER	5/29/1952 - LYON 06 (69)
Delegated managing director	Mme CATHERINE BRAZIER	5/29/1952 - LYON (69)
Delegated managing director	M JACQUES ROSTAING	11/22/1954 - LYON 6EME - 69
Delegated managing director	M STÉPHANE ROSTAING	3/11/1970 - LYON 6EME - 69
Administrator	Mme CATHERINE MARIE BRAZIER	5/29/1952 - LYON 06 (69)
Administrator	Mme CATHERINE BRAZIER	5/29/1952 - LYON (69)
Administrator	MME HELENE ROSTAING	- - -
Administrator	M JACQUES ROSTAING	11/22/1954 - LYON 6EME - 69
Managing director	M JEAN-AUGUSTE ROSTAING	3/12/1926 - VILLIEU - 01

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.15
UK Pound	1	Rs.101.92
Euro	1	Rs.80.64

INFORMATION DETAILS

Analysis Done by :	SUB

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.

MIRA INFORM REPORT

company summary

Company details

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judgements

event history

Recent publications in Gazettes

Company events history

Establishment events history

directors

Previous Directors

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