MIRA INFORM REPORT

Report Date :

12.06.2014

IDENTIFICATION DETAILS

Name :	LES DERIVES RESINIQUES ET TERPENIQUES
Registered Office :	30 Rue Gambetta, BP 206, 40105 Dax Cedex
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	March, 1955
Legal Form :	Public limited company with board of directors
Line of Business :	Manufacture of organic basic chemicals
No. of Employees :	250 to 499 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – 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 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 name

Top of Form

Bottom of Form

Name

LES DERIVES RESINIQUES ET TERPENIQUES

SIRET

985 520 154 00016

Personal comment

company summary

Acronym	DRT
		EUR VAT Number	FR86985520154
Activity (APE)	Manufacture of organic basic chemicals (2014Z)	Legal form	Public limited company with board of directors
Phone	05 58 56 62 00	RCS Registration	RCS Dax 5 985 520 154
Fax	05 58 56 62 22	Share capital	13,408,000 Euros
Address	LES DERIVES RESINIQUES ET TERPENIQUES DRT 30 RUE GAMBETTA BP 206 40105 DAX CEDEX	Incorporated Date	03/1955
Nationality	France	Status	Economically active

Payment Information Summary - Trade Payment Data
Total number of Invoices available	11
Total number of Invoices paid within or up to 30 days after the due date	10
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	0

No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Company number
DERIVES RESINIQUES ETTERPENIQUES	985520154

Current Directors

8

Trading to Date	12/31/2012	12/31/2009	12/31/2008
Turnover	224,216,341 €	146,120,951 €	141,104,038 €
Gross Operating Surplus	13.40 % Turnover	13.01 % Turnover	8.10 % Turnover
Shareholders’ equity	161,532,651 €	106,525,274 €	97,588,408 €
Net result	12,262,613 €	5,692,597 €	2,749,565 €
Employees	250 to 499 employees	-	-

Company details

Activity (APE)	Manufacture of organic basic chemicals (2014Z)
RCS Registration	RCS Dax 5 985 520 154	Share capital	13,408,000 Euros
Registration Court	Dax (40)	Legal form	Public limited company with board of directors
Court Registry Number	19 5 5B00015	EUR VAT Number	FR86985520154
Incorporation Date	03/1955	Formation Date	01/1955
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Ultimate Parent

1 ultimate parent company for this company >  LES DERIVES RESINIQUES ET TERPENIQUES  - Fabrication d'autres produits chimiques organiques de base (2014Z)  in DAX  (40100)

Establishment details

Acronym	DRT
Activity (APE)	Manufacture of organic basic chemicals (2014Z)	Business Pages FT®	PRODUITS CHIMIQUES (FABRICATION, GROS)
Postal Address	LES DERIVES RESINIQUES ET TERPENIQUES DRT 30 RUE GAMBETTA BP 206 40105 DAX CEDEX	Trading Address	30 RUE GAMBETTA 40100 DAX
Telephone	05 58 56 62 00
Fax	05 58 56 62 22

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

Department	Landes (40)	Region	Aquitaine
District	1	Area	97
City	DAX	Size of urban area

Other establishments

Branches	3 branch entities in this company
Head office	> LES DERIVES RESINIQUES ET TERPENIQUES <<<  - Fabrication d'autres produits chimiques organiques de base (2014Z)  in DAX  (40100)
Secondary establishments	>  LES DERIVES RESINIQUES ET TERPENIQUES  - Fabrication d'autres produits chimiques organiques de base (2014Z)  in CASTETS  (40260) >  LES DERIVES RESINIQUES ET TERPENIQUES  - Fabrication d'autres produits chimiques organiques de base (2014Z)  in CASTETS  (40260) >  LES DERIVES RESINIQUES ET TERPENIQUES  - Fabrication d'autres produits chimiques organiques de base (2014Z)  in VIELLE SAINT GIRONS  (40560) >  LES DERIVES RESINIQUES ET TERPENIQUES  - Fabrication d'autres produits chimiques organiques de base (2014Z)  in PARIS 8  (75008)

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

Workforces

Workforce at address

50 to 99 employees

Company workforce

250 to 499 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	17/07/2013	30/06/2010	-
Activity Code	2014Z	2014Z	2014Z
Employees	0	0	0

Active account

Annual Accounts	31/12/2012		31/12/2009		31/12/2008	Sector Median 2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	107,185,195	31.6%	81,428,481	6.4%	76,534,005	615,000	17328.5%
- Intangible assets	2,587,696	300.9%	645,537	-51.8%	1,340,598	15,245	16874.1%
- Tangible assets	77,280,586	34.2%	57,572,673	4.0%	55,333,173	354,562	21696.1%
- Financial assets	27,316,913	17.7%	23,210,271	16.9%	19,860,232	6,887	396544.6%
Net current assets	127,885,133	71.4%	74,605,272	-7.7%	80,825,059	2,277,102	5516.1%
- Stocks	75,474,605	69.2%	44,608,288	3.1%	43,257,754	342,382	21944.0%
- Advanced payments	1,969,952	71.4%	158,404	-79.2%	761,550	0	0%
- Receivables	50,347,311	71.1%	29,421,466	-20.0%	36,755,705	945,285	5226.2%
- Securities and cash	93,265	-77.6%	417,114	733.4%	50,049	117,868	-20.9%
- Prepaid expenses	-	-	-	-	-	431	-
Accounts of regularization	641,990	-5.7%	680,716	4.3%	652,754	0	0%
Total Assets	235,712,319	50.4%	156,714,471	-0.8%	158,011,818	3,448,528	6735.2%

Passive Account

Annual Accounts	31/12/2012		31/12/2009		31/12/2008	Sector Median 2012
Shareholders' equity	161,532,651	51.6%	106,525,274	9.2%	97,588,408	1,074,670	14930.9%
Share capital	13,408,000	0%	13,408,000	0%	13,408,000	244,160	5391.5%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1,676,145	70.9%	980,716	-3.3%	1,014,048	10,244	16262.2%
Liabilities	72,475,817	47.6%	49,106,069	-17.3%	59,403,244	1,051,372	6793.5%
- Financial liabilities	35,191,012	92.0%	18,328,352	-41.4%	31,255,607	169,958	20605.7%
- Advanced payments received	1,067	0%	0	0%	27,375	0	0%
- Trade account payables	23,638,420	61.1%	14,675,083	-9.9%	16,292,928	329,107	7082.6%
- Tax and social liabilities	9,895,347	-14.1%	11,523,732	39.2%	8,276,422	164,441	5917.6%
- Other debts and fixed assets liabilities	3,777,678	-17.5%	4,576,314	28.7%	3,557,030	55,992	6646.8%
Account regularization	0	0%	105,000	0%	0	0	0%
Total liabilities	235,712,318	50.4%	156,714,471	-0.8%	158,011,818	3,448,528	6735.2%

Results

Annual Accounts	31/12/2012		31/12/2009		31/12/2008	Sector Median 2012
Sales of Goods	233,639,207	56.1%	149,637,370	3.3%	144,820,770	3,218,914	7158.3%
Net turnover	224,216,341	53.4%	146,120,951	3.6%	141,104,038	2,779,932	7965.5%
- of which net export turnover	156,779,787	53.3%	102,279,004	19.1%	85,894,336	0	0%
Operating charges	209,826,702	55.2%	135,171,459	-1.6%	137,419,982	2,949,962	7012.9%
Operating profit/loss	23,812,505	64.6%	14,465,911	95.5%	7,400,787	33,920	70102.0%
Financial income	10,038,822	417.7%	1,939,266	-50.9%	3,951,128	9,326	107543.4%
Financial charges	10,148,692	218.3%	3,188,386	-22.9%	4,132,777	12,935	78359.2%
Financial profit/loss	-109,870	91.2%	-1,249,121	-587.7%	-181,649	-2,566	-4181.8%
Pretax net operating income	23,702,635	79.3%	13,216,790	83.1%	7,219,138	26,379	89754.2%
Extraordinary income	5,358,433	219.9%	1,675,056	-61.1%	4,310,931	23,465	22735.9%
Extraordinary charges	12,584,524	105.7%	6,118,982	-38.4%	9,938,879	16,682	75337.7%
Extraordinary profit/loss	-7,226,091	-62.6%	-4,443,926	21.0%	-5,627,948	0	0%
Net result	12,262,613	115.4%	5,692,597	107.0%	2,749,565	32,371	37781.5%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2012	31/12/2009	31/12/2008
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2012		31/12/2009		31/12/2008
	Grand Total (I to VI)	Net	235,712,319	50.4%	156,714,471	-0.8%	158,011,818
	Gross	CO	396,166,577	32.9%	298,148,104	1.2%	294,556,330
	Amortisation	1A	160,454,258	13.4%	141,433,633	3.6%	136,544,512

Non declared distributed capital (I)

		31/12/2012		31/12/2009		31/12/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

			31/12/2012		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	107,185,195	31.6%	81,428,481	6.4%	76,534,005
	Gross	BJ	266,250,954	21.6%	218,936,624	4.4%	209,667,663
	Amortisation	BK	159,065,759	15.7%	137,508,143	3.3%	133,133,658

Intangilble fixed assets

			31/12/2012		31/12/2009		31/12/2008
	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	2,493,087	352.5%	550,928	-55.8%	1,245,989
	Gross	AF	4,941,516	150.7%	1,971,251	-22.0%	2,526,921
	Amortisation	AG	2,448,429	72.4%	1,420,323	10.9%	1,280,932
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	94,609	0%	94,609	0%	94,609
	Gross	AJ	94,609	0%	94,609	0%	94,609
	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	2,587,696	300.9%	645,537	-51.8%	1,340,598

Tangilble fixed assets

			31/12/2012		31/12/2009		31/12/2008
	Lands	Net	1,711,537	-8.1%	1,862,962	-5.2%	1,964,172
	Gross	AN	3,895,771	0.6%	3,871,517	-0.4%	3,885,258
	Amortisation	AO	2,184,234	8.7%	2,008,555	4.6%	1,921,086
	Buildings	Net	19,928,321	23.6%	16,118,826	-2.9%	16,600,144
	Gross	AP	37,733,268	20.8%	31,236,961	1.1%	30,907,391
	Amortisation	AQ	17,804,947	17.8%	15,118,135	5.7%	14,307,247
	Plant	Net	46,901,673	47.3%	31,835,526	2.9%	30,944,255
	Gross	AR	169,730,012	18.2%	143,650,296	2.5%	140,197,948
	Amortisation	AS	122,828,339	9.8%	111,814,770	2.3%	109,253,693
	Other tangible fixed assets	Net	159,320	-33.4%	239,098	7.3%	222,885
	Gross	AT	1,227,950	-27.3%	1,688,416	3.9%	1,624,344
	Amortisation	AU	1,068,630	-26.3%	1,449,318	3.4%	1,401,459
	Fixed assets in construction	Net	8,579,735	14.1%	7,516,261	34.2%	5,601,717
	Gross	AV	8,579,735	14.1%	7,516,261	34.2%	5,601,717
	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	77,280,586		57,572,673		55,333,173

Financial assets

			31/12/2012		31/12/2009		31/12/2008
	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	21,795,618	20.0%	18,158,497	17.0%	15,520,249
	Gross	CU	25,572,204	37.7%	18,567,911	19.3%	15,566,533
	Amortisation	CV	3,776,586	822.4%	409,414	784.6%	46,284
	Inter-company receivables	Net	4,654,388	61.6%	2,879,663	21.4%	2,371,189
	Gross	BB	5,956,960	18.0%	5,049,473	27.1%	3,973,012
	Amortisation	BC	1,302,572	-40.0%	2,169,810	35.5%	1,601,823
	Other investment securities	Net	863,349	-60.2%	2,168,553	10.3%	1,965,236
	Gross	BD	8,515,371	61.1%	5,286,371	0%	5,286,371
	Amortisation	BE	7,652,022	145.4%	3,117,818	-6.1%	3,321,135
	Loans	Net	457	0%	457	0%	457
	Gross	BF	457	0%	457	0%	457
	Amortisation	BG	0		0		0
	Other financial assets	Net	3,101	0%	3,101	0%	3,101
	Gross	BH	3,101	0%	3,101	0%	3,101
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		27,316,913		23,210,271		19,860,232

Current Assets (III)

			31/12/2012		31/12/2009		31/12/2008
	Total Assets	Net	127,885,133	71.4%	74,605,272	-7.7%	80,825,059
	Gross	CJ	129,273,633	64.6%	78,530,763	-6.8%	84,235,913
	Amortisation	CK	1,388,500	-64.6%	3,925,491	15.1%	3,410,854

Stocks

			31/12/2012		31/12/2009		31/12/2008
	Raw materials	Net	20,143,802	83.5%	10,979,205	1.8%	10,783,155
	Gross	BL	20,143,802	81.2%	11,119,179	1.6%	10,939,498
	Amortisation	BM	0	0%	139,974	-10.5%	156,343
	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	55,004,469	63.6%	33,629,083	3.6%	32,474,599
	Gross	BR	55,555,910	63.5%	33,980,355	3.7%	32,770,591
	Amortisation	BS	551,441	57.0%	351,272	18.7%	295,992
	Goods for resale	Net	326,334	0%	0	0%	0
	Gross	BT	326,334	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	75,474,605	69.2%	44,608,288	3.1%	43,257,754

Advance payments to suppliers

			31/12/2012		31/12/2009		31/12/2008
	Advance payments to suppliers	Net	1,969,952	1143.6%	158,404	-79.2%	761,550
	Gross	BV	1,969,952	1143.6%	158,404	-79.2%	761,550
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2012		31/12/2009		31/12/2008
	Trade accounts receivable	Net	40,562,872	51.8%	26,715,248	-11.4%	30,148,400
	Gross	BX	41,003,658	49.2%	27,474,505	-9.9%	30,499,652
	Amortisation	BY	440,786	-41.9%	759,257	116.2%	351,252
	Other debtors	Net	9,664,521	267.7%	2,628,188	-59.9%	6,547,518
	Gross	BZ	10,060,794	89.7%	5,303,176	-42.1%	9,154,786
	Amortisation	CA	396,273	-85.2%	2,674,988	2.6%	2,607,268
	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	50,227,393	71.2%	29,343,436	-20.0%	36,695,918

Divers

			31/12/2012		31/12/2009		31/12/2008
	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	93,265	-77.6%	417,114	733.4%	50,049
	Gross	CF	93,265	-77.6%	417,114	733.4%	50,049
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	93,265	-77.6%	417,114	733.4%	50,049

Prepaid expenses

			31/12/2012		31/12/2009		31/12/2008
	Prepaid expenses	Net	119,918	53.7%	78,030	30.5%	59,787
	Gross	CH	119,918	53.7%	78,030	30.5%	59,787
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2009		31/12/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Currency differential gain	CN3	641,990	-5.7%	680,716	4.3%	652,754
Gross		641,990	-5.7%	680,716	-	-

References

		31/12/2012		31/12/2009		31/12/2008
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2009		31/12/2008
Grand Total (I to V)	EE	235,712,318	50.4%	156,714,471	-0.8%	158,011,818

Shareholder Equity (I)

			31/12/2012		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	161,532,651	51.6%	106,525,274	9.2%	97,588,408
	Equity and shareholders' equity	DA	13,408,000	0%	13,408,000	0%	13,408,000
	Issue and merger premiums	DB	9,391	0%	9,391	0%	9,391
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	1,340,800	0%	1,340,800	0%	1,340,800
	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	83,421,052	59.3%	52,360,791	2.1%	51,287,226
	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	12,262,613	115.4%	5,692,597	107.0%	2,749,565
	Investment grants	DJ	76,634	1226.1%	5,779	-78.5%	26,938
	Special tax-allowable reserves	DK	51,014,161	51.3%	33,707,916	17.2%	28,766,489

Other capital resources (II)

			31/12/2012		31/12/2009		31/12/2008
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/12/2012		31/12/2009		31/12/2008
	Total provisions for risks and charges (Total III)	DR	1,676,145	70.9%	980,716	-3.3%	1,014,048
	Risk provisions	DP	1,676,145	146.2%	680,716	-4.7%	714,048
	Reserves for charges	DQ	0	0%	300,000	0%	300,000

Liabilities (IV)

			31/12/2012		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	72,475,817	47.6%	49,106,069	-17.3%	59,403,244
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	18,091,232	3264.0%	537,794	-96.5%	15,253,176
	Sundry loans and financial liabilities	DV	17,099,780	-3.9%	17,790,558	11.2%	16,002,431
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	1,067	0%	0	0%	27,375
	Trade accounts payables	DX	23,638,420	61.1%	14,675,083	-9.9%	16,292,928
	Tax and social security liabilities	DY	9,895,347	-14.1%	11,523,732	39.2%	8,276,422
	Fixed asset liabilities	DZ	1,598,752	-19.3%	1,980,475	0.6%	1,968,090
	Other debts	EA	2,151,219	-13.7%	2,493,427	57.5%	1,582,823

Translation loss (V)

		31/12/2012		31/12/2009		31/12/2008
Translation loss (Total V)	ED	27,707	-72.9%	102,412	1574.2%	6,117

Equalization accounts

		31/12/2012		31/12/2009		31/12/2008
Deferred income	EB	0	0%	105,000	0%	0

References

		31/12/2012		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	65,332,127	36.9%	47,726,784	3.0%	46,349,544
Of which current bank facilities	EH	9,441,232	1655.5%	537,794	-17.7%	653,176

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2012		31/12/2009		31/12/2008
Operating result (Total I-II)	GG	23,812,505	64.6%	14,465,911	95.5%	7,400,787

2 - Financial result (V - VI)

		31/12/2012		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	-109,870	91.2%	-1,249,121	-587.7%	-181,649

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

		31/12/2012		31/12/2009		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	23,702,635	79.3%	13,216,790	83.1%	7,219,138

4 - Extraordinary result (VII-VIII)

		31/12/2012		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-7,226,091	-62.6%	-4,443,926	21.0%	-5,627,948

Profit or loss

		31/12/2012		31/12/2009		31/12/2008
Profit or loss	HN	12,262,613	115.4%	5,692,597	107.0%	2,749,565

Total Income (I+III+V+VII)

		31/12/2012		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	249,036,462	62.5%	153,251,692	0.1%	153,082,828

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

		31/12/2012		31/12/2009		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	236,773,848	60.5%	147,559,095	-1.8%	150,333,264

Operating income (I)

		31/12/2012		31/12/2009		31/12/2008
Total operating income (Total I)	FR	233,639,207	56.1%	149,637,370	3.3%	144,820,770

Operating income (details)

			31/12/2012		31/12/2009		31/12/2008
	Sale of goods for resale	FC	6,957,789	1.0%	6,889,746	70.6%	4,039,422
	France	FA	4,044,022	144.0%	1,657,706	41.0%	1,175,784
	Export	FB	2,913,767	-44.3%	5,232,041	82.7%	2,863,638
	Sale of goods produced	FF	210,547,843	57.2%	133,918,371	2.5%	130,636,293
	France	FD	56,747,455	53.9%	36,879,047	-24.1%	48,611,520
	Export	FE	153,800,388	58.5%	97,039,324	18.3%	82,024,773
	Sale of services	FI	6,710,709	26.3%	5,312,834	-17.4%	6,428,323
	France	FG	6,645,077	25.3%	5,305,195	-2.2%	5,422,398
	Export	FH	65,632	759.1%	7,640	-99.2%	1,005,925
	Net turnover	FL	224,216,341	53.4%	146,120,951	3.6%	141,104,038
	France	FJ	67,436,554	53.8%	43,841,947	-20.6%	55,209,702
	Export	FK	156,779,787	53.3%	102,279,004	19.1%	85,894,336
	Stocked production	FM	7,107,295	487.5%	1,209,764	20.3%	1,005,972
	Self-constructed assets	FN	983,844	49.5%	658,277	-26.4%	894,589
	Operating grants	FO	137,450	59.0%	86,424	193.5%	29,447
	Release of reserves and provisions	FP	615,976	-12.1%	701,087	96.5%	356,729
	Other income	FQ	578,301	-32.8%	860,866	-39.8%	1,429,994

Operating charges (II)

		31/12/2012		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	209,826,702	55.2%	135,171,459	-1.6%	137,419,982

Exploitation charges

		31/12/2012		31/12/2009		31/12/2008
Purchase of goods for resale	FS	7,067,855	12.0%	6,313,326	66.8%	3,784,157
Change in stocks of goods for resale	FT	-326,334	0%	0	0%	0
Purchase of raw materials	FU	127,105,947	91.7%	66,292,098	-9.5%	73,214,100
Change in stocks of raw materials	FV	-2,558,555	-1323.9%	-179,681	-205.0%	171,195
Other external purchases and charges	FW	31,210,625	33.1%	23,440,894	0.6%	23,302,718
Tax, duty and similar payments	FX	3,449,951	6.0%	3,254,114	13.3%	2,872,911
Payroll	FY	23,636,762	17.0%	20,199,000	6.8%	18,905,540
Social security costs	FZ	12,808,404	31.5%	9,742,688	4.2%	9,351,714

Depreciation

		31/12/2012		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	6,427,821	46.0%	4,401,925	16.4%	3,780,195
Amortisation of fixed assets	GB	0	0%	127,800	269.8%	34,560
Depreciation/amortisation of current assets	GC	312,089	-70.7%	1,063,812	51.2%	703,587
Provisions for risks and charges	GD	34,155	0%	0	0%	61,294

Other charges

		31/12/2012		31/12/2009		31/12/2008
Other charges	GE	657,982	27.6%	515,483	-58.4%	1,238,012

Operating charges (III-IV)

		31/12/2012		31/12/2009		31/12/2008
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		31/12/2009		31/12/2008
	Total financial income (Total V)	GP	10,038,822	417.7%	1,939,266	-50.9%	3,951,128
	Share financial income	GJ	1,243,391	94.3%	639,937	-45.5%	1,174,151
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	359,889	180.8%	128,180	-65.7%	373,624
	Released provisions and transferred charges	GM	7,114,329	645.4%	954,419	-53.5%	2,050,525
	Exchange gains	GN	1,321,213	509.6%	216,730	-38.6%	352,828
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2012		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	10,148,692	218.3%	3,188,386	-22.9%	4,132,777
	Financial reserves and provisions	GQ	8,255,915	364.4%	1,777,901	-36.4%	2,795,109
	Interest and similar charges	GR	1,417,500	60.8%	881,408	-20.9%	1,114,573
	Exchange losses	GS	475,277	-10.2%	529,077	137.2%	223,096
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2012		31/12/2009		31/12/2008
	Total extraordinary income (Total VII)	HD	5,358,433	219.9%	1,675,056	-61.1%	4,310,931
	Extraordinary operating income	HA	211,866	615.1%	29,626	-79.4%	143,705
	Extraordinary income from capital transactions	HB	740,330	33.4%	554,850	-82.0%	3,075,918
	Released provisions and transferred charges	HC	4,406,237	304.0%	1,090,580	-0.1%	1,091,308

Extraordinary charges (VIII)

			31/12/2012		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	12,584,524	105.7%	6,118,982	-38.4%	9,938,879
	Extraordinary operating charges	HE	58,538	137.4%	24,653	99.2%	12,377
	Extraordinary charges from capital transactions	HF	2,998,860	4711.9%	62,322	25.6%	49,604
	Extraordinary reserves and provisions	HG	9,527,126	57.9%	6,032,007	-38.9%	9,876,898

Employee profit sharing (IX)

		31/12/2012		31/12/2009		31/12/2008
Employee profit sharing (Total IX)	HJ	1,065,024	17.6%	905,952	0%	0

Tax on profits (X)

		31/12/2012		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	3,148,906	44.8%	2,174,315	287.7%	-1,158,375

References

		31/12/2012		31/12/2009		31/12/2008
Of which equipment leases	HP	8,472	0%	0	0%	0
Of which property leases	HQ	0	0%	412,245	-10.4%	459,849
Of which transferred charges	A1	50,738	926.9%	4,941	-0.4%	4,959
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		31/12/2009		31/12/2008
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	0	0%	0
	Gross value at the end of period	OL	0	0%	0	0%	0

Research and development Charge (Total I)

			31/12/2012		31/12/2009		31/12/2008
	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		31/12/2009		31/12/2008
	Gross value at begin of period	KD	0	0%	0	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	0	0%	0	0%	0

Tangible fixed assets (Total III)

			31/12/2012		31/12/2009		31/12/2008
	Gross value at begin of period	LN	0	0%	0	0%	0
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	0	0%	0	0%	0

Fiancial assets (Total IV)

			31/12/2012		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	0	0%	0	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	0	0%	0	0%	0

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

			31/12/2012		31/12/2009		31/12/2008
	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		31/12/2009		31/12/2008
	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		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	0
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0	0%	0

Total fixed assets amotisation (Total III)

			31/12/2012		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	0	0%	0	0%	0
Increases		QV	0	0%	0	0%	0
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	0	0%	0	0%	0

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2009		31/12/2008
	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		31/12/2009		31/12/2008
	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		31/12/2009		31/12/2008
	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%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			31/12/2012		31/12/2009		31/12/2008
	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		31/12/2009		31/12/2008
	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		31/12/2009		31/12/2008
	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		31/12/2009		31/12/2008
Gross value	VT	0	0%	0	0%	0
1 year at most	VU	0	0%	0	0%	0
More than one year	VV	0	0%	0	0%	0

State of loans

		31/12/2012		31/12/2009		31/12/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	0

Prepaid

		31/12/2012		31/12/2009		31/12/2008
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/12/2012		31/12/2009		31/12/2008
	Total debt (gross)	VY	0	0%	0	0%	0
1 year at most		VZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2012		31/12/2009		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	0	0%	0	0%	0
1 year at most		8B2	0	0%	0	0%	0
More than 1 year and 5 years at most		8B3	0	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0	0%	0
1 year at most		8D2	0	0%	0	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	0
1 year at most		VQ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2009		31/12/2008
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2012		31/12/2009		31/12/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2012		31/12/2009		31/12/2008
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		31/12/2009		31/12/2008
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		31/12/2009		31/12/2008
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		31/12/2009		31/12/2008
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		31/12/2009		31/12/2008
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		31/12/2012		31/12/2009		31/12/2008
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		31/12/2009		31/12/2008	Sector Median 2012
Fixed Asset Financing		1.31	9.2%	1.20	-4.0%	1.25	1.29	1.6%
Global Debt		116 days	-4.1%	121 days	-20.4%	152 days	143 days	-18.9%
Working Capital Fund overall net		131 days	21.3%	108 days	-19.4%	134 days	103 days	27.2%
Financial independence		892.88%	-95.5%	19807.82%	2996.0%	639.79%	685.74%	30.2%
Solvability		68.53%	0.8%	67.97%	10.1%	61.76%	49.49%	38.5%
Capacity debt futures		%	-	%	-	%	1361.25%	-
Coverage of current assets by net working capital overall		63.31%	13.2%	55.92%	-10.6%	62.57%	51.77%	22.3%
General Liquidity			-		-		0.79	-
Restricted Liquidity			-		-		1.28	-

Management or rotation

		31/12/2012		31/12/2009		31/12/2008	Sector Median 2012
Need background in operating working capital		145 days	35.5%	107 days	-20.1%	134 days	61 days	137.7%
Treasury		-15 days	0%	0 days	0%	-2 days	9 days	-266.7%
Inventory turnover of goods		17 days	0%	0 days	0%	0 days	11 days	54.5%
Average length of credit granted to customers		66 days	-2.9%	68 days	-12.8%	78 days	55 days	20.0%
Average length of credit obtained suppliers		52 days	-5.5%	55 days	-5.2%	58 days	63 days	-17.5%
Inventory turnover of raw materials in industrial enterprises		56 days	0%	56 days	7.7%	52 days	45 days	24.4%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	118.50 days	-
Rotation tangible assets		%	-	%	-	%	126.83%	-

Profitability of the business

		31/12/2012		31/12/2009		31/12/2008	Sector Median 2012
Margin trading		0.10%	-74.4%	0.39%	116.7%	0.18	0%	0%
Profitability of the business		13.40	3.0%	13.01	60.6%	8.10	7.90%	69.6%
Net profit		5.47%	40.3%	3.90%	100%	1.95%	3.24%	68.8%
Growth rate of turnover (excluding VAT)		53.45%	1401.4%	3.56%	-43.2%	6.27%	3.42%	1462.9%
Rates integration		31.13%	-12.7%	35.67%	18.3%	30.14%	26.11%	19.2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		52.21%	-9.1%	57.45%	-13.5%	66.44%	54.13%	-3.5%
Weight interests		4.53	107.8%	2.18%	-25.6%	2.93%	0.61%	642.6%

Return on capital

		31/12/2012		31/12/2009		31/12/2008	Sector Median 2012
Cash flow from the overall profitability		17.27%	43.9%	12%	4.4%	11.49%	7.95%	117.2%
Rates of economic profitability		15%	0%	15%	66.7%	9%	11%	36.4%
Financial profitability		161532651%	51.6%	106525274%	9.2%	97588408%	1074670%	14930.9%
Return on investment		11.39%	60.2%	7.11%	33.1%	5.34%	6.15%	85.2%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2009		31/12/2008	Sector Median 2012
Turnover	224,216,341	53.4%	146,120,951	3.6%	141,104,038	2,779,932 €	7965.5%

Sales of goods	6,957,789	1.0%	6,889,746	70.6%	4,039,422
- Purchase of goods	7,067,855	12.0%	6,313,326	66.8%	3,784,157
+/- Stock of goods variation	-326,334	0%	0	0%	0
Trading margin	216,268 €	-62.5%	576,420 €	125.8%	255,265 €	0 €	0%
	0.10 % CA	-74.4%	0.39 % CA	116.7%	0.18 % CA	0 % CA	0%

Sale of goods produced	217,258,552	56.0%	139,231,205	1.6%	137,064,616
+/- Stocked production	7,107,295	487.5%	1,209,764	20.3%	1,005,972
+ Self-constructed assets	983,844	49.5%	658,277	-26.4%	894,589
Period production	225,349,691 €	59.7%	141,099,246 €	1.5%	138,965,177 €	1,928,101 €	11587.6%
	100.51 % CA	4.1%	96.56 % CA	-1.9%	98.48 % CA	98.54 % CA	2.0%

Trading margin	216,268	-62.5%	576,420	125.8%	255,265	0	0%
+ Period Production	225,349,691	59.7%	141,099,246	1.5%	138,965,177	1,928,101	11587.6%
- Purchase of raw materials	127,105,947	91.7%	66,292,098	-9.5%	73,214,100
+/- Change in stocks of raw materiels	-2,558,555	-1323.9%	-179,681	-205.0%	171,195
- Other external purchases and charges	31,210,625	33.1%	23,440,894	0.6%	23,302,718
Added value	69,807,942 €	33.9%	52,122,355 €	22.5%	42,532,429 €	418,905 €	16564.4%
	31.13 % CA	-12.7%	35.67 % CA	18.3%	30.14 % CA	26.11 % CA	19.2%

Added value	69,807,942 €	33.9%	52,122,355 €	22.5%	42,532,429 €	418,905 €	16564.4%
+ Operating grants	137,450	59.0%	86,424	193.5%	29,447
- Tax, duty and similar payments	3,449,951	6.0%	3,254,114	13.3%	2,872,911
- Personal charges	36,445,166	21.7%	29,941,688	6.0%	28,257,254
Gross operating surplus	30,050,275 €	58.1%	19,012,977 €	66.3%	11,431,711 €	94,318 €	31760.6%
	13.40 % CA	3.0%	13.01 % CA	60.6%	8.10 % CA	7.90 % CA	69.6%

Gross operating surplus	30,050,275 €	58.1%	19,012,977 €	66.3%	11,431,711 €	94,318 €	31760.6%
+ Release of reserves and provisions	615,976	-12.1%	701,087	96.5%	356,729
+ Other operating income	578,301	-32.8%	860,866	-39.8%	1,429,994
- Depreciation/Amortisation	6,774,065	21.1%	5,593,537	22.1%	4,579,636
- Other charges	657,982	27.6%	515,483	-58.4%	1,238,012
Operating result	23,812,505 €	64.6%	14,465,910 €	95.5%	7,400,786 €	33,921 €	70099.9%
	10.62 % CA	7.3%	9.90 % CA	88.9%	5.24 % CA	4.02 % CA	164.2%

Operating result	23,812,505 €	64.6%	14,465,910 €	95.5%	7,400,786 €	33,921 €	70099.9%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	10,038,822	417.7%	1,939,266	-50.9%	3,951,128
- Financial charges	10,148,692	218.3%	3,188,386	-22.9%	4,132,777
Pre-tax result	23,702,635 €	79.3%	13,216,790 €	83.1%	7,219,137 €	26,379 €	89754.2%
	10.57 % CA	16.8%	9.05 % CA	76.8%	5.12 % CA	3.63 % CA	191.2%

Extraordinary income	5,358,433	219.9%	1,675,056	-61.1%	4,310,931	23,465	22735.9%
- Extraordinary charges	12,584,524	105.7%	6,118,982	-38.4%	9,938,879
Extraordinary result	-7,226,091 €	-62.6%	-4,443,926 €	21.0%	-5,627,948 €	0 €	0%
	-3.22 % CA	-5.9%	-3.04 % CA	23.8%	-4 % CA	0 % CA	0%

Pre-tax result	23,702,635 €	79.3%	13,216,790 €	83.1%	7,219,137 €	26,379 €	89754.2%
Extraordinary result	-7,226,091 €	-62.6%	-4,443,926 €	21.0%	-5,627,948 €	0 €	0%
- Employee profit sharing	1,065,024	17.6%	905,952	0%	0
- Tax on profits	3,148,906	44.8%	2,174,315	287.7%	-1,158,375
Net result	12,262,614 €	115.4%	5,692,597 €	107.0%	2,749,564 €	32,371 €	37781.5%
	5.47 % CA	40.3%	3.90 % CA	100%	1.95 % CA	3.24 % CA	68.8%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	18/02/2008
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
06/05/2014	Bodacc B	Modification et mutation diverse
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE DAX 296 - 985 520 154 RCS Dax. LES DERIVES RESINIQUES ET TERPENIQUES. Forme : Société anonyme. Administration : Directeur général, Président du conseil d'administration : LABATUT Laurent, Jean, André Administrateur : PELLETIER Jean-Paul Administrateur : FROUSTEY Marie-Joëlle Administrateur : PELLETIER Patrick, Louis, Henri Administrateur : DE LAPORTERIE Vincent, François, Jean Administrateur : BLANC Julien, Louis, Gaspar Administrateur : MENAUT Bertrand, Jean-François Administrateur : DESALBRES Marie-Cécile Commissaire aux comptes titulaire : BLANDINO Pierre-Damien Commissaire aux comptes titulaire : MARTINEZ Patricia Commissaire aux comptes suppléant : LAFFARGUE-BROCCO Martine, Bernadette, Brigitte, Usuel, Brigitte né(e) LAFFARGUE Commissaire aux comptes suppléant : DELBECQ François. Activité : . Commentaires : Modification survenue sur l'administration.
06/05/2014	Bodacc B	Modification et mutation diverse
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE DAX 297 - 985 520 154 RCS Dax. LES DERIVES RESINIQUES ET TERPENIQUES. Forme : Société anonyme. Administration : Directeur général, Président du conseil d'administration : LABATUT Laurent, Jean, André Administrateur : PELLETIER Jean-Paul Administrateur : FROUSTEY Marie-Joëlle Administrateur : PELLETIER Patrick, Louis, Henri Administrateur : DE LAPORTERIE Vincent, François, Jean Administrateur : BLANC Julien, Louis, Gaspar Administrateur : MENAUT Bertrand, Jean-François Administrateur : DESALBRES Marie-Cécile, Vincente Commissaire aux comptes titulaire : BLANDINO Pierre-Damien Commissaire aux comptes titulaire : MARTINEZ Patricia Commissaire aux comptes suppléant : LAFFARGUE-BROCCO Martine, Bernadette, Brigitte, Usuel, Brigitte né(e) LAFFARGUE Commissaire aux comptes suppléant : DELBECQ François. Activité : . Commentaires : Modification survenue sur l'administration.
04/05/2014	Bodacc A	Vente et cession : Acheteur
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE DAX 457 - 985 520 154 RCS Dax. LES DERIVES RESINIQUES ET TERPENIQUES. Forme : Société anonyme. Sigle : D.R.T. Capital : 13408000 EUR. Adresse : 30 rue Gambetta, 40100 Dax. Date de commencement de l’activité : 01/01/0001. Oppositions : Art.L.236-14 du code de commerce. Descriptif : Avis de projet de fusion Soci¿t¿ absorbante: LES DERIVES RESINIQUES ET TERPENIQUES, sigle D.R.T. Soci¿t¿ Anonyme Si¿ge social: 30 rue Gambetta 40100 Dax Capital: 13 408 000 Euros 985 520 154 RCS DAX Soci¿t¿ absorb¿e: BVL Soci¿t¿ ¿ responsabilit¿ limit¿e ¿ associ¿ unique Si¿ge social: 36 rue Gambetta 40100 Dax Capital: 2 000 Euros 442 631 743 RCS DAX L'¿valuation de l'actif et du passif de chaque soci¿t¿ participante dont la transmission ¿ la soci¿t¿ absorbante est pr¿vue: Actif: 124 043 Euros Passif: 35 045 Euros Le rapport d'¿change des droits sociaux dans chaque soci¿t¿ participante: La soci¿t¿ DRT d¿tient 100% du capital de la soci¿t¿ BVL. Dans ces conditions, l'op¿ration constituant une fusion simplifi¿e, il n'y a pas lieu ¿ calculer le rapport d'¿change. Le montant pr¿vu de la prime de fusion pour chaque soci¿t¿ participante: La soci¿t¿ DRT d¿tient 100% du capital de la soci¿t¿ BVL. Dans ces conditions il n'est pr¿vu aucune prime de fusion. Date du projet commun de fusion: 16 avril 2014. Date et lieu du d¿p¿t au RCS au titre de chaque soci¿t¿ participante: le 25/04/2014 au RCS de Dax pour la soci¿t¿ DRT, le 25/04/2014 au RCS de Dax pour la soci¿t¿ BVL. Commentaires : Autre achat, apport, attribution.
12/04/2014	JAL	Resignation / Revocation of the social representative
Annonces landaises (Les) Date de décision : 12/02/2014 La société 985520154 - LES DERIVES RESINIQUES ET TERPENIQUES, DRT, 30 RUE GAMBETTA, BP 206, 40100 DAX Fait l'objet du départ de Monsieur Henri DESALBRES
12/04/2014	JAL	Appointment of the social representative
Annonces landaises (Les) Date de décision : 12/02/2014 Société faisant l'objet d'une nomination : 985520154 - LES DERIVES RESINIQUES ET TERPENIQUES, DRT, 30 RUE GAMBETTA, BP 206, 40100 DAX Nominé : Madame Marie-Cécile DESALBRES, 75009 PARIS 09 En la fonction de : Administrateur
26/07/2013	Bodacc C	Comptes annuels et rapports
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE DAX 4914 - 985520154 RCS. LES DERIVES RESINIQUES ET TERPENIQUES. Forme : Société anonyme. Adresse : 30 rue Gambetta 40100 Dax. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
13/07/2011	Bodacc B	Modification et mutation diverse
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE DAX 1398 - 985 520 154 RCS Dax. LES DERIVES RESINIQUES ET TERPENIQUES. Forme : Société anonyme. Administration : Président du conseil d'administration et Directeur général : LABATUT Laurent, Jean-André Administrateur : DESALBRES Henri, Marie, Antoine Administrateur : PELLETIER Jean-Paul Administrateur : FROUSTEY Marie-Joëlle Administrateur : PELLETIER Patrick, Louis, Henri Administrateur : DE LAPORTERIE Vincent, François, Jean Administrateur : BLANC Julien, Louis, Gaspar Administrateur : MENAUT Bertrand, Jean-François Commissaire aux comptes titulaire : BLANDINO Pierre-Damien Commissaire aux comptes titulaire : MARTINEZ Patricia Commissaire aux comptes suppléant : LAFFARGUE-BROCCO Martine, Bernadette, Brigitte, Usuel, Brigitte né(e) LAFFARGUE Commissaire aux comptes suppléant : DELBECQ François. Activité : . Commentaires : Modification survenue sur l'administration.
02/08/2010	Bodacc C	Comptes annuels et rapports
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE DAX 3427 - 985520154 RCS. LES DERIVES RESINIQUES ET TERPENIQUES. Forme : Société anonyme. Adresse : 30 rue Gambetta 40100 Dax. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
30/07/2009	Bodacc C	Comptes annuels et rapports
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE DAX 2864 - 985520154 RCS. LES DERIVES RESINIQUES ET TERPENIQUES. Forme : Société anonyme. Adresse : 30 rue Gambetta 40100 Dax. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
22/10/2008	Bodacc C	Comptes annuels et rapports
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE DAX 3947 - 985520154 RCS. LES DERIVES RESINIQUES ET TERPENIQUES. Forme : Société anonyme. Adresse : 30 rue Gambetta 40100 Dax. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
25/11/2007	Bodacc C	Avis de dépôt des comptes
6296 - 985 520 154. RCS Dax LES DERIVES RESINIQUES ET TERPENIQUES. Sigle: D.R.T. Forme: Société anonyme. Adresse du siège social: 30 rue Gambetta 40100 Dax. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
24/07/2007	Bodacc B	Modifications et mutations diverses
989 - RCS Dax B 985 520 154. RC 55-B 15. LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : DRT. Forme : S.A. Adresse du siège social : 30 rue Gambetta,, 40100 Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration et directeur général : LABATUT (Laurent, Jean, André) (Nom d'usage : LABATUT). Administrateurs : DESALBRES (Henri, Marie, Antoine) (Nom d'usage : DESALBRES) PELLETIER (Jean-Paul) (Nom d'usage : PELLETIER) FROUSTEY (Marie, Joëlle) (Nom d'usage : FROUSTEY) PELLETIER (Patrick, Louis, Henri) (Nom d'usage : PELLETIER) DE LAPORTERIE (Vincent, François, Jean) (Nom d'usage : DE LAPORTERIE) BLANC (Julien, Louis, Gaspar) (Nom d'usage : BLANC) MENAUT (Bertrand, Jean, François) (Nom d'usage : MENAUT). Commissaires aux comptes titulaires : BLANDINO (Pierre-Damien) (Nom d'usage : BLANDINO) MARTINEZ (Patricia) (Nom d'usage : MARTINEZ). Commissaires aux comptes suppléants : LAFFARGUE (Martine, Bernadette, Brigitte, Usuel, Brigitte) (Nom d'usage : LAFFARGUE-BROCCO) IGLESIAS (William) (Nom d'usage : IGLESIAS). Date d'effet : 6 juin 2007.
02/11/2006	Bodacc C	Avis de dépôt des comptes
4245 - RCS Dax B 985 520 154. RC 55-B 15. LES DERIVES RESINIQUES ET TERPENIQUES. Forme: S.A. Adresse du siège social: 30, rue Gambetta,40100 Dax. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
06/01/2006	Bodacc C	Avis de dépôt des comptes
2191 - RCS Dax B 985 520 154. RC 55-B 15. LES DERIVES RESINIQUES ET TERPENIQUES. Forme: S.A. Adresse du siège social: 30, rue Gambetta,40100 Dax. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
29/12/2005	Bodacc B	Modifications et mutations diverses
770 - RCS Dax B 985 520 154. RC 55-B 15. LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : DRT. Forme : S.A. Adresse du siège social : 30 rue Gambetta,, 40100 Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration et directeur général : LABATUT (Laurent, Jean, André) (Nom d'usage : LABATUT). Vice-président : MENAUT (Jean) (Nom d'usage : MENAUT). Administrateurs : DESALBRES (Henri, Marie, Antoine) (Nom d'usage : DESALBRES) PELLETIER (Jean-Paul) (Nom d'usage : PELLETIER) FROUSTEY (Marie, Joëlle) (Nom d'usage : FROUSTEY) PELLETIER (Patrick, Louis, Henri) (Nom d'usage : PELLETIER) DE LAPORTERIE (Vincent, François, Jean) (Nom d'usage : DE LAPORTERIE) BLANC (Julien, Louis, Gaspar) (Nom d'usage : BLANC). Commissaires aux comptes titulaires : BLANDINO (Pierre-Damien) (Nom d'usage : BLANDINO) MARTINEZ (Patricia) (Nom d'usage : MARTINEZ). Commissaires aux comptes suppléants : LAFFARGUE (Martine, Bernadette, Brigitte dite Brigitte) (Nom d'usage : LAFFARGUE-BROCCO) IGLESIAS (William) (Nom d'usage : IGLESIAS). Date d'effet : 1er décembre 2005.
22/07/2005	Bodacc B	Modifications et mutations diverses
1033 - RCS Dax B 985 520 154. RC 55-B 15. LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : DRT. Forme : S.A. Adresse du siège social : 30 rue Gambetta,, 40100 Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration : BLANC (Philippe, André, Ferdinand) (Nom d'usage : BLANC). Vice-président : MENAUT (Jean) (Nom d'usage : MENAUT). Administrateurs : DESALBRES (Henri, Marie, Antoine) (Nom d'usage : DESALBRES) PELLETIER (Jean-Paul) (Nom d'usage : PELLETIER) FROUSTEY (Marie, Joëlle) (Nom d'usage : FROUSTEY) PELLETIER (Patrick, Louis, Henri) (Nom d'usage : PELLETIER). Commissaires aux comptes titulaires : BLANDINO (Pierre-Damien) (Nom d'usage : BLANDINO) MARTINEZ (Patricia) (Nom d'usage : MARTINEZ). Commissaires aux comptes suppléants : LAFFARGUE (Martine, Bernadette, Brigitte dite Brigitte) (Nom d'usage : LAFFARGUE-BROCCO) IGLESIAS (William) (Nom d'usage : IGLESIAS). Date d'effet : 8 juin 2005.
19/02/2005	Bodacc C	Avis de dépôt des comptes
2403 - RCS Dax B 985 520 154. RC 55-B 15. LES DERIVES RESINIQUES ET TERPENIQUES. Forme: S.A. Adresse du siège social: 30, rue Gambetta,40100 Dax. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
12/01/2005	Bodacc B	Modifications et mutations diverses
466 - RCS Dax B 985 520 154. RC 55-B 15. LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : DRT. Forme : S.A. Adresse du siège social : 30 rue Gambetta,, 40100 Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration : BLANC (Philippe, André, Ferdinand) (Nom d'usage : BLANC). Vice-président : MENAUT (Jean) (Nom d'usage : MENAUT). Administrateurs : DESALBRES (Henri, Marie, Antoine) (Nom d'usage : DESALBRES) PELLETIER (Jean-Paul) (Nom d'usage : PELLETIER) BLANC (Antonin, Paul, Marie, Joseph) (Nom d'usage : BLANC) FROUSTEY (Marie, Joëlle) (Nom d'usage : FROUSTEY) PELLETIER (Patrick, Louis, Henri) (Nom d'usage : PELLETIER). Commissaires aux comptes titulaires : LARTIGUE (Claude) (Nom d'usage : LARTIGUE) BLANDINO (Pierre-Damien) (Nom d'usage : BLANDINO). Commissaires aux comptes suppléants : FERRO (Georges) (Nom d'usage : FERRO) LAFFARGUE (Martine, Bernadette, Brigitte dite Brigitte) (Nom d'usage : LAFFARGUE-BROCCO). Date d'effet : 1er décembre 2004.
31/10/2004	Bodacc B	Modifications et mutations diverses
RCS Dax B 985520154 RC 55-B 15 LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : DRT. Forme : S.A. Adresse du siège social : 30 rue Gambetta, 40100 Dax. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : BLANC (Philippe, André, Ferdinand) ( Nom d'usage : BLANC). Vice-président : MENAUT (Jean) ( Nom d'usage : MENAUT). Administrateurs : DESALBRES (Henri, Marie, Antoine) ( Nom d'usage : DESALBRES) PELLETIER (Jean-Paul) ( Nom d'usage : PELLETIER) BLANC ( Antonin, Paul, Marie, Joseph) ( Nom d' usage : BLANC) FROUSTEY (Marie, Joelle) ( Nom d'usage : FROUSTEY). Commissaires aux comptes titulaires : LARTIGUE (Claude) ( Nom d'usage : LARTIGUE) BLANDINO (Pierre-Damien) ( Nom d'usage : BLANDINO). Commissaires aux comptes suppléants : FERRO (Georges) ( Nom d'usage : FERRO) LAFFARGUE ( Martine, Bernadette, Brigitte dit Brigitte) ( Nom d'usage : LAFFARGUE- BROCCO). Date d'effet : 2 juin 2004.
31/07/2003	Bodacc B	Modifications et mutations diverses
RCS Dax B 985520154 RC 55-B 15 LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : DRT. Forme : S.A. Adresse du siège social : 30 rue Gambetta, 40100 Dax. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : BLANC (Philippe, André, Ferdinand) ( Nom d'usage : BLANC). Vice-président : MENAUT (Jean) ( Nom d'usage : MENAUT). Administrateurs : DESALBRES (Henri, Marie, Antoine) ( Nom d'usage : DESALBRES) PELLETIER (Patrick, Louis, Henri) ( Nom d'usage : PELLETIER) PELLETIER (Jean-Paul) ( Nom d'usage : PELLETIER) BLANC (Antonin, Paul, Marie, Joseph) ( Nom d'usage : BLANC) FROUSTEY (Marie, Joelle) ( Nom d'usage : FROUSTEY). Commissaires aux comptes titulaires : LARTIGUE (Claude) ( Nom d' usage : LARTIGUE) BLANDINO (Pierre- Damien) ( Nom d'usage : BLANDINO). Commissaires aux comptes suppléants : FERRO (Georges) ( Nom d'usage : FERRO) LAFFARGUE (Martine, Bernadette, Brigitte dite Brigitte) ( Nom d'usage : LAFFARGUE-BROCCO). Date d'effet : 5 juin 2003.
16/07/2002	Bodacc B	Modifications et mutations diverses
RCS Dax B 985520154 RC 55-B 15 LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : DRT. Forme : S.A. Capital : 13 408 000 euros. Adresse du siège social : 30 rue Gambetta, 40100 Dax. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : BLANC (Philippe, André, Ferdinand) ( Nom d'usage : BLANC). Vice-président : MENAUT (Jean) ( Nom d'usage : MENAUT). Administrateurs : DESALBRES (Henri, Marie, Antoine) ( Nom d'usage : DESALBRES) PELLETIER (Patrick, Louis, Henri) ( Nom d'usage : PELLETIER) PELLETIER (Jean-Paul) ( Nom d'usage : PELLETIER) BLANC (Antonin, Paul, Marie, Joseph) ( Nom d'usage : BLANC) FROUSTEY (Marie, Joelle) ( Nom d'usage : FROUSTEY). Commissaires aux comptes titulaires : VASSEUR (Hubert) ( Nom d' usage : VASSEUR) LARTIGUE (Claude) ( Nom d'usage : LARTIGUE). Commissaires aux comptes suppléants : BLANDINO ( Pierre-Damien) ( Nom d'usage : BLANDINO) FERRO (Georges) ( Nom d' usage : FERRO). Date d'effet : 12 juin 2002.
16/07/2000	Bodacc B	Modifications et mutations diverses
RCS Dax B 985520154 RC 55-B 15 LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : D.R.T. Forme : S.A. Capital : 13 408 000 euros. Adresse du siège social : 30 rue Gambetta, 40100 Dax. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : BLANC (Philippe, André, Ferdinand) ( Nom d'usage : BLANC). Vice-président : MENAUT (Jean) ( Nom d'usage : MENAUT). Administrateurs : DESALBRES (Henri, Marie, Antoine) ( Nom d'usage : DESALBRES) PELLETIER (Pierre) ( Nom d' usage : PELLETIER) PELLETIER (Jean- Paul) ( Nom d'usage : PELLETIER) BLANC (Antonin, Paul, Marie, Joseph) ( Nom d'usage : BLANC) FROUSTEY (Marie, Joelle) ( Nom d'usage : FROUSTEY). Commissaires aux comptes titulaires : FIDUCIAIRE DE FRANCE, représentée par VASSEUR (Hubert) ( Nom d'usage : VASSEUR) LARTIGUE (Claude) ( Nom d' usage : LARTIGUE). Commissaires aux comptes suppléants : STABILLE (Thomas) ( Nom d'usage : STABILLE) FERRO ( Georges) ( Nom d'usage : FERRO). Date d'effet : 8 juin 2000.
06/02/2000	Bodacc B	Modifications et mutations diverses
RCS Dax B 985520154 RC 55-B 15 LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : D.R.T. Forme : S.A. Capital : 13 408 000 euros. Adresse du siège social : 30 rue Gambetta, 40100 Dax. Commentaires : modification survenue sur le capital ( augmentation). Date d'effet : 1er janvier 2000.
13/08/1998	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Dax B 985 520 154 RC 55-B 15 LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : D.R.T. Forme : S.A. Capital : 85 325 000 F (fixe). Adresse : 30 rue Gambetta, 40100 Dax Nouvelle situation du siège social. Capital : 83 800 000 F. Administration : anciens administrateurs BLANC (Jean-Louis) et DULAU (Jean) nouvel administrateur : BLANC (Antonin). Date d'effet : 10 juin 1998.
27/01/1996	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Dax B 985 520 154 RC 55-B 15 LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : D.R.T. Forme : S.A. Capital : 59 727 500 F (fixe). Adresse : 30 rue Gambetta, 40100 Dax Nouvelle situation du siège social. Capital : 73 379 500 F. Date d'effet : 18 octobre 1995.
05/08/1995	Bodacc B	Modifications et mutations diverses
RCS Dax B 985 520 154 RC 55-B 15 LES DERIVES RESINIQUES ET TERPENIQUES. Sigle : D.R.T. Forme : S.A. Capital : 59 727 500 F (fixe). Adresse du siège social : 30 rue Gambetta, 40100 Dax. Administration : nouveau commissaire aux comptes suppléant : FERRO (Georges). Date d'effet : 8 juin 1995.
12/01/1995	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Dax b 985520154 RC 55-b 15 les derives resiniques et terpeniques. Sigle : d.r.t. Forme : S.A. Capital : 51 195 000 F (fixe). Adresse : 30, rue Gambetta, 40100 Dax Nouvelle situation du siège social. Capital : 59 727 500 F. Date d'effet : 3 novembre 1994.

Company events history

Date	Description
06/05/2014	Bodacc B: Various editing or changing
04/05/2014	Bodacc A : Sale and transfer
25/04/2014	Planned merger
25/04/2014	Merger
17/04/2014	Changes to the Board of Directors
17/04/2014	Minutes of Board meeting
12/04/2014	Legal Gazette: Resignation / Revocation of the social representative
12/02/2014	Legal Gazette: Appointment of the social representative
04/10/2013	Disengagement in other companies
02/08/2013	Disengagement in other companies
28/07/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
26/07/2013	Bodacc C : Deposit accounts notice
31/12/2012	New accounts available
07/09/2012	Update of participations in other companies
06/04/2012	New shareholders detected
06/04/2012	New participations in other companies
06/04/2012	New subsidiarie(s) detected
13/07/2011	Bodacc B: Various editing or changing
04/07/2011	New auditor
04/07/2011	Minutes of general meeting of shareholders
17/09/2010	Modification to Establishment Address or Identifier
17/09/2010	Update of Company Workforce
02/08/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
22/12/2009	Payment incident closed
02/10/2009	Payment incident detected
15/09/2009	Update of Company Workforce
15/09/2009	Other modification of Establishment
30/07/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
22/10/2008	Bodacc C : Deposit accounts notice
26/02/2008	Modification of Establishment Activity
18/02/2008	Collection of preferential rights activated for this company
14/01/2008	Minutes of general meeting of shareholders
14/01/2008	PV d'Assemblée
14/01/2008	Updated articles of association
14/01/2008	Private document
14/01/2008	Statuts mis à jour
31/12/2007	New accounts available
22/06/2007	Private document
22/06/2007	Updated articles of association
22/06/2007	Statuts mis à jour
22/06/2007	Minutes of general meeting of shareholders
22/06/2007	PV d'Assemblée
22/06/2007	Appointment/resignation of company officers
22/06/2007	Changes to the Board of Directors
22/06/2007	Modification du Conseil d'Administration
31/12/2006	New accounts available
31/12/2005	New accounts available
06/12/2005	Minutes of Board meeting
06/12/2005	Minutes of general meeting of shareholders
06/12/2005	PV d'Assemblée
06/12/2005	PV du Conseil d'Administration
06/12/2005	Acte modificatif
06/12/2005	Changement de Président (PDG, PCA)
06/12/2005	New chairman (CEO, CoB)
06/12/2005	Private document
06/12/2005	Acte sous seing privé
06/12/2005	Modification du Conseil d'Administration
06/12/2005	Changes to the Board of Directors
06/12/2005	Appointment/resignation of company officers
06/12/2005	Nomination/démission des organes de gestion
24/06/2005	New auditor
24/06/2005	Changes to the Board of Directors
24/06/2005	Modification du Conseil d'Administration
24/06/2005	Acte sous seing privé
24/06/2005	Private document
24/06/2005	Appointment/resignation of company officers
24/06/2005	Nomination/démission des organes de gestion
24/06/2005	Minutes of general meeting of shareholders
24/06/2005	PV d'Assemblée
24/06/2005	Changement de Commissaire aux Comptes
31/12/2004	New accounts available
20/12/2004	PV d'Assemblée
20/12/2004	Acte sous seing privé
20/12/2004	Nomination/démission des organes de gestion
20/12/2004	Private document
20/12/2004	Minutes of general meeting of shareholders
20/12/2004	Acte modificatif
20/12/2004	Appointment/resignation of company officers
11/10/2004	PV d'Assemblée
11/10/2004	Acte sous seing privé
11/10/2004	Changes to the Board of Directors
11/10/2004	Modification du Conseil d'Administration
11/10/2004	Acte modificatif
11/10/2004	Amendment
11/10/2004	Appointment/resignation of company officers
11/10/2004	Private document
11/10/2004	Minutes of general meeting of shareholders
11/10/2004	Nomination/démission des organes de gestion
31/12/2003	New accounts available
11/07/2003	Nomination/démission des organes de gestion
11/07/2003	Acte sous seing privé
11/07/2003	Modification du Conseil d'Administration
11/07/2003	Changement de Commissaire aux Comptes
11/07/2003	Acte modificatif
11/07/2003	Statuts mis à jour
11/07/2003	PV d'Assemblée
27/06/2002	Statuts mis à jour
27/06/2002	Acte sous seing privé
27/06/2002	PV du Conseil d'Administration
27/06/2002	PV d'Assemblée
27/06/2002	Modification du Conseil d'Administration
27/06/2002	Nomination/démission des organes de gestion
27/06/2002	Acte modificatif
19/06/2000	Nomination/démission des organes de gestion
19/06/2000	Acte sous seing privé
19/06/2000	PV d'Assemblée
19/06/2000	Modification du Conseil d'Administration
16/12/1999	Acte sous seing privé
16/12/1999	Conversion du Capital Social en Euros
16/12/1999	Statuts mis à jour
16/12/1999	PV du Conseil d'Administration
16/12/1999	Augmentation de Capital
16/12/1999	Acte modificatif
29/06/1998	Acte sous seing privé
29/06/1998	Modification du Conseil d'Administration
29/06/1998	PV d'Assemblée
29/06/1998	Acte modificatif
29/06/1998	Statuts mis à jour
29/06/1998	Nomination/démission des organes de gestion
29/06/1998	Réduction de Capital
23/12/1996	Acte sous seing privé
23/12/1996	Augmentation de Capital
23/12/1996	PV d'Assemblée
23/12/1996	Acte modificatif
23/12/1996	Statuts mis à jour
23/12/1996	PV du Conseil d'Administration
18/12/1995	Statuts mis à jour
18/12/1995	Augmentation de Capital
18/12/1995	PV du Conseil d'Administration
18/12/1995	Acte modificatif
18/12/1995	PV d'Assemblée
10/07/1995	Changement de Commissaire aux Comptes
10/07/1995	PV d'Assemblée
29/05/1995	Acte modificatif
25/04/1995	Acte sous seing privé
25/04/1995	Acte modificatif
12/12/1994	PV d'Assemblée
12/12/1994	Statuts mis à jour
12/12/1994	Augmentation de Capital
23/12/1992	Acte modificatif
23/12/1992	Augmentation de Capital
23/12/1992	Statuts mis à jour
23/12/1992	PV du Conseil d'Administration
23/12/1992	PV d'Assemblée
23/12/1992	Déclaration de conformité
03/07/1992	PV d'Assemblée
03/07/1992	Statuts mis à jour

Establishment events history

Date	Description
17/09/2010	Update of Establishment Workforce
17/09/2010	Modification of Head office
15/09/2009	Modification of Head office
15/09/2009	Update of Establishment Workforce
26/02/2008	Update of Establishment Activity
26/02/2008	Modification of Head office Activity

directors

Name	M. LABATUT LAURENT, JEAN, ANDRÉ
Manager position	Managing director, Chairman of the Board	Date of birth	18/04/1972
Place of birth	MONT DE MARSAN (40)
Type	Individual	Name at birth

Name	M. PELLETIER JEAN-PAUL
Manager position	Administrator	Date of birth	19/11/1944
Place of birth	VIELLE-SAINT-GIRONS (40)
Type	Individual	Name at birth

Name	Mme. FROUSTEY MARIE-JOËLLE
Manager position	Administrator	Date of birth	20/08/1953
Place of birth	TOSSE (40)
Type	Individual	Name at birth

Name	M. PELLETIER PATRICK LOUIS HENRI
Manager position	Administrator	Date of birth	27/04/1947
Place of birth	LINXE (40)
Type	Individual	Name at birth

Name	M. DE LAPORTERIE VINCENT FRANÇOIS JEAN
Manager position	Administrator	Date of birth	10/07/1944
Place of birth	RION DES LANDES (40)
Type	Individual	Name at birth

Name	M. BLANC JULIEN, LOUIS, GASPAR
Manager position	Administrator	Date of birth	16/12/1974
Place of birth	BAYONNE (64)
Type	Individual	Name at birth

Name	M. MENAUT BERTRAND JEAN-FRANÇOIS
Manager position	Administrator	Date of birth	19/09/1957
Place of birth	DAX (40)
Type	Individual	Name at birth

Name	Mme. DESALBRES MARIE-CÉCILE VINCENTE
Manager position	Administrator	Date of birth	23/07/1967
Place of birth	CLERMONT-FERRAND (63)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Chairman of the Board	M LAURENT JEAN-ANDRÉ LABATUT	4/18/1972 - MONT DE MARSAN (40)
Managing director	M LAURENT JEAN-ANDRÉ LABATUT	4/18/1972 - MONT DE MARSAN (40)
Administrator	M JULIEN LOUIS GASPAR BLANC	12/16/1974 - BAYONNE (64)
Administrator	M HENRI DESALBRES	- - -
Administrator	M HENRI MARIE ANTOINE DESALBRES	12/29/1933 - DAX
Administrator	MME MARIE FROUSTEY	- - -
Administrator	M JEAN-PAUL PELLETIER	- - -
Administrator	M JEAN-PAUL PELLETIER	11/19/1944 - VIELLE ST GIRONS (40)
Administrator	M PATRICK PELLETIER	- - -

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.33
UK Pound	1	Rs.99.42
Euro	1	Rs.80.32

INFORMATION DETAILS

Analysis Done by :	DIV
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%)

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.