MIRA INFORM REPORT

Report Date :

24.05.2014

IDENTIFICATION DETAILS

Name :	SKF AEROSPACE FRANCE
Registered Office :	SKF Aerospace France 1 AV Marc Seguin BP 29, 26240 Saint Vallier
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	07/1956
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Subject is engaged in Aircraft and Spcecraft (3030Z)
No of Employees :	500 to 999 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 – September 30, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
France	A1	A1

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

REGISTERED NAME & COMPANY SUMMARY

Name

SKF AEROSPACE FRANCE

SIRET

775 572 878 00046

Personal comment

Company summary

		EUR VAT Number	FR16775572878
Activity (APE)	Aircraft and Spcecraft (3030Z)	Legal form	Simplified Joint Stock Company with Single Associate
Phone	04 75 03 40 40	RCS Registration	RCS Romans 5 775 572 878
Fax		Share capital	9,150,000 Euros
Address	SKF AEROSPACE FRANCE 1 AV MARC SEGUIN BP 29 26240 SAINT VALLIER	Incorporated Date	07/1956
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Current Directors 1

Directors

Shareholder(s)

Name	SKF HOLDING FRANCE
Name of representative
Manager position	President	Date of birth
Place of birth
Type	Moral person	Name at birth

Previous Directors

View the directors history for this company
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Manager position	Title and name	Date of Birth/Place of Birth
President	M BERNARD LEFEVRE	05/08/1950 - POITIERS
President	M JEAN TOURNOUX	03/04/1955 - SAINT MANDE
Managing director	M BERNARD LEFEVRE	05/08/1950 - POITIERS

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Shareholders

Type of shareholder

Shareholders

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data

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GROUP STRUCTURE & AFFILIATED COMPANIES

Company Name: AKTIEBOLAGET SKF

Safe Number: SE00556748

Company number: 5560073495

Click here to view the affiliation links

85 companies in 47 countries. Click here to visit linked companies

Group Structure

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Display only where participation % > 33 %

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AKTIEBOLAGET SKF

Company Name	SIREN	Parts	Rating	Limit	Last account published
AKTIEBOLAGET SKF	5560073495	-	98	250 000 KSEK	31/12/2012
SKF HOLDING MAATSCHAPPIJ HOLLAND B.V...	30049123	100%	NC	-	31/12/2011
SKF HOLDING FRANCE	349034611	100%	100	5 000 000 €	31/12/2012
SKF AEROSPACE FRANCE	775572878	100%	77	1 050 000 €	31/12/2012
KALISTRUT AEROSPACE	538654427	100%	38	1 000 €	31/12/2012
FLY BY WIRE SYSTEMS FRANCE	538654799	100%	59	2 000 €	31/12/2012
R K S SOC	425920147	99.99%	42	97 000 €	31/12/2011
SKF FRANCE	552048837	100%	98	5 000 000 €	31/12/2012
TRANSROL	747120426	99.99%	79	380 000 €	31/12/2012
SOCIÉTÉ DE MÉCANIQUE S.A	-	99.40%	NC	-	-
SKF AEROENGINE FRANCE	582106985	Majority	100	4 000 000 €	31/12/2012
SKF GMBH	HRB 5	99.90%	100	14 900 000 €	31/12/2012
SKF LUBRICATION SYSTEMS GERMANY ...	HRB 6840	100%	91	805 000 €	31/12/2012
SKF SEALING SOLUTIONS GMBH	HRB 48982	100%	77	275 000 €	31/12/2013
SKF LINEARSYSTEME GMBH	HRB 1274	100%	NC	-	31/12/2009
SKF INDUSTRIE S.P.A.	TO580415	100%	75	8 565 000	31/12/2012
OFFICINE MECCANICHE DI VILLAR PEROSA S.R...	-	100%	NC	-	-
RFT - S.P.A.	TO486903	100%	76	693 000	31/12/2012
SKF BEARING INDUSTRIES (MALAYSIA), SDN.B...	-	100%	NC	-	-
SKF JAPAN LTD	-	100%	NC	-	-
SKF B.V.	30025866	100%	NC	-	31/12/2006
SKF BEARING SERVICES TAIWAN LTD	-	100%	NC	-	-
JAEGER INDUSTRIAL CO, LTD.	-	100%	NC	-	-
ABBA LINEAR TECHNOLOGY CO, LTD	-	99.30%	NC	-	-
SKF USA INC.	-	99.90%	NC	-	-
SKF POLYSEAL, INC	US19674696	51%	20	371 000 $	-
SKF ÖSTERREICH AG	-	100%	NC	-	-
ECONOMOS AUSTRIA GMBH	-	100%	NC	-	-
SKF ESPAÑOLA	259398	100%	80	4 718 000 €	31/12/2012
SKF POLSKA SPÓLKA AKCYJNA	-	90.60%	NC	-	-
SKF BEARINGS BULGARIA EAD	-	100%	NC	-	-
SKF UKRAINE	-	99.70%	NC	-	-
SKF ACTUATORS AB	-	100%	NC	-	-
SKF DO BRASIL LIMITADA	-	99.90%	NC	-	-
SKF ARGENTINA S.A	-	99.90%	NC	-	-
SKF INDIA	2105731	46.70%	42	2 250 000 €	31/12/2013
SKF COUPLING SYSTEMS AB	5560194150	100%	100	2 850 KSEK	31/12/2012
SKF SEALING SOLUTIONS AB	5561333625	100%	NC	-	31/12/2010
SKF TRANSMISSION AKTIEBOLAG	5562195296	100%	NC	-	31/12/2009
SKF AUTOMOTIVE COMPONENTS CORPORATION	-	100%	NC	-	-
SKF SEALING SOLUTIONS KOREA CO. LTD.	-	51%	NC	-	-
PT. SKF INDONESIA	-	84.20%	NC	-	-
SKF TECHNOLOGIES (INDIA) PRIVATE LIMITED	-	78.30%	NC	-	-
SKF DANMARK A/S	-	100%	NC	-	-
SKF NORGE AS	914782929	100%	92	1 500 KNOK	31/12/2012
OY SKF AB	-	100%	NC	-	-
SKF LOGISTICS SERVICES BELGIUM NV	416051608	100%	98	1 100 000 €	31/12/2012
SKF PORTUGAL-ROLAMENTOS LDA	-	95%	NC	-	-
SKF LO?ISKA A.S	-	100%	NC	-	-
SKF SVÉD GOLYÓSCSAPÁGY ZRT	-	100%	NC	-	-
SKF CANADA LIMITED	-	76.90%	NC	-	-
SKF DEL PERU S.A	-	100%	NC	-	-
SKF CHILENA S.A.I.C.	-	100%	NC	-	-
SKF VENEZOLANA S.A	-	100%	NC	-	-
SKF SOUTH EAST ASIA & PACIFIC PTE LTD	-	100%	NC	-	-
SKF PAKISTAN PRIVATE LIMITED	-	100%	NC	-	-
SKF NEW ZEALAND LIMITED	-	100%	NC	-	-
SKF LUBRICATION COMPETENCE CENTRE, N...	5561246082	100%	75	2 300 KSEK	31/12/2012
SKF EUROTRADE AKTIEBOLAG	5562067610	100%	99	9 500 KSEK	31/12/2012
SKF MULTITEC AKTIEBOLAG	5562364595	100%	98	4 800 KSEK	31/12/2012
MONITORING CONTROL CENTER MCC AB	5566448295	67.50%	91	1 250 KSEK	31/12/2012
SKF CONDITION MONITORING CENTER (LUL...	5562369263	100%	84	2 700 KSEK	31/12/2013
SKF VERWALTUNGS AG IN LIQUIDATION	281517	100%	NC	-	-
SKF HOLDING MEXICANA, S.A. DE C.V	-	98%	NC	-	-
SKF DE MEXICO S.A. DE C.V	-	67.60%	NC	-	-
SKF (CHINA) INVESTMENT CO. LTD	-	100%	NC	-	-
SKF CHINA LTD	-	100%	NC	-	-
DALIAN SKF WAZHOU BEARINGS CO LTD	-	51%	NC	-	-
BEIJING NANKOU SKF RAILWAY BEARINGS CO L...	-	51%	NC	-	-
SKF SEALING SOLUTION (WUHO) CO. LTD	-	100%	NC	-	-
BARSECO (PTY) LTD	-	100%	NC	-	-
SKF AUSTRALIA (MANUFACTURING) PTY. LTD	-	100%	NC	-	-
SKF (THAILAND) LTD	-	92.40%	NC	-	-
SCANDRIVE CONTROL AB	5563541548	100%	NC	-	31/12/2008
SKF INTERNATIONAL AKTIEBOLAG	5560368671	100%	100	250 000 KSEK	31/12/2012
SKF SVERIGE AKTIEBOLAG	5562408301	100%	84	100 000 KSEK	31/12/2012
SKF MEKAN AKTIEBOLAG	5562100155	100%	NC	-	31/12/2012
ÅTERFÖRSÄKRINGSAB SKF	5164017658	100%	NC	-	-
SKF FÖRVALTNING AB	5563504140	100%	94	0 KSEK	31/12/2012
SKF FONDFÖRVALTNING AKTIEBOLAG	5561400978	100%	NC	-	31/12/2008
BAGAREGÅRDEN 16:7 KB	-	99.90%	NC	-	-
S2M	-	Majority	NC	-	-
BAKER INSTRUMENT	-	Majority	NC	-	-
PREVENTIVE MAINTAINANCE COMPANY INC	-	Majority	NC	-	-
AUTOMATIC LUBRICATION SYSTEM	-	Majority	NC	-	-

Ultimate parent company					AKTIEBOLAGET SKF
Direct parent					SKF HOLDING FRANCE - 100 %
Group – Number of companies					85
Linkages – Number of companies					85
Number of countries					47
Company Name	SIREN	Last account	Rating	Limit		Turnover
SKF (U.K) LIMITED	00107367	31/12/2012	95	1 900 000 £		239 999 000 £
SKF TEXTILMASCHINEN- KOMPONENTEN GMBH	HRB 4040	31/12/2012	80	1 350 000 €		-
RIV - SKF - *OFFICINE DI VILLAR PEROSA -...	TO52520	31/12/2012	NC	-		0 €
TRASPORTO FERROVIARIO TOSCANO SOCIETA' P...	AR141265	31/12/2012	NC	-		8 705 217 €
TRELANOAK LIMITED	02535718	31/12/2012	92	1 400 000 £		0 £
PEER BEARING LIMITED	04307702	31/12/2012	90	23 500 £		5 311 687 £
SKF B.V.	30047921	31/12/2012	NC	-		150 510 002 €
SKF KAPELLE B.V.	22039833	30/09/2013	22	0 €		-
SKF MAINTENANCE SERVICES GMBH	HRB 1921 ME	31/12/2013	68	29 000 €		-
ECONOMOS INTERPLASTICS NL B.V.	06060139	31/12/2012	72	145 000 €		-
PN VERWALTUNGS GMBH	HRB 3646	31/12/2012	65	33 500 €		-
BAWOG BADBRUNNEN WOHNUNGSBAU GESELLSCHAF...	HRB 1603	31/12/2011	NC	-		-
ENGLERT VORRICHTUNGSBAU GMBH	HRB 5811	31/12/2012	62	11 500 €		-
LINCOLN GMBH	HRB 6841	31/12/2012	55	405 000 €		117 205 770 €
PEER BEARING GMBH	HRB 68134	31/12/2011	37	2 500 €		-
SKF LUBRICATION SYSTEMS ONROEREND GOED T...	06042936	31/12/2005	NC	-		-
SKF LAGER AKTIEBOLAG	5562195288	31/12/2012	80	0 KSEK		0 KSEK
SKF ECONOMOS U.K. LIMITED	02414449	31/12/2012	NC	-		-
PILGRIM INTERNATIONAL LTD.	02990126	31/12/2012	88	285 000 £		5 747 000 £
LINCOLN INDUSTRIAL LIMITED	03306746	31/12/2012	NC	-		1 316 000 £
SKF LUBRICATION SYSTEMS BEHEER THE NETHE...	06024705	31/12/2012	100	785 000 €		9 201 423 €
SKF LUBRICATION SYSTEMS THE NETHERLANDS ...	06043526	31/12/2005	NC	-		-
SKF LUBRICATION SYSTEMS BELGIUM BVBA	421300494	31/12/2009	NC	-		660 000 €
SKF BELGIUM NV/SA SA	830910611	31/12/2012	90	75 000 000 €		137 581 328 €
ALEMITE LLC	US07581446	-	21	225 000 $		45 000 000 $
SKF USA INC	US10435821	-	NC	-		5 717 000 $
REELCRAFT INDUSTRIES INC	US10852139	-	34	1 000 000 $		590 000 000 $
SKF ECONOMOS USA INC	US10879935	-	65	26 200 $		2 616 000 $
SKF SEALING SOLUTIONS	US11815908	-	19	10 500 $		0 $
LINCOLN INDUSTRIAL CORP	US16357932	-	38	1 000 000 $		590 000 000 $
SKF CONDITION MONITORING INC	US20294418	-	82	26 300 $		0 $
PEER BEARING CO	US29613970	-	11	7 900 $		0 $
GENERAL BEARING CORP	US42441248	-	42	43 600 $		0 $
WMW MACHINERY CO, INC	US43128224	-	80	9 100 $		607 000 $
SKF COUPLING SYSTEMS, INC	US43266577	-	58	426 200 $		42 622 000 $
SKF USA INC	US44850670	-	41	176 700 $		0 $
MRC BEARINGS, INC	US45881342	-	36	1 000 000 $		900 000 000 $
SKF AUTOMOTIVE DIVISION	US74431877	-	63	3 500 $		0 $
BEARING HOLDINGS UK	-	-		-		-
LA FERROVIARIA ITALIANA	-	-		-		-
LFI SERVICES	-	-		-		-
OOO SKF TVER	-	-		-		-
OY SKF AB	-	-		-		-
PT.SKF INDONESIA	-	-		-		-
SKF (CHINA) INVESTMENT CO. LTD	-	-		-		-
SKF (THAILAND) LTD	-	-		-		-
SKF AUSTRALIA (MANUFACTURING) PTY LTD	-	-		-		-
SKF BEARINGS BULGARIA EAD	-	-		-		-
SKF BOSNIA AND HERZEGOVINA D.O.O.	-	-		-		-
SKF BULGARIA LTD	-	-		-		-
SKF CANADA LTD	-	-		-		-
SKF CHILENA S.A.I.C.	-	-		-		-
SKF CROATIA D.O.O.	-	-		-		-
SKF DANMARK A/S	-	-		-		-
SKF DEL PERU S.A.	-	-		-		-
SKF DO BRASIL LIMITADA	-	-		-		-
SKF ECONOMOS GMBH	-	-		-		-
SKF EGYPT LLC	-	-		-		-
SKF HOLDING MEXICANA S.A DE CV	-	-		-		-
SKF ISRAEL LTD	-	-		-		-
SKF KOREA LTD	-	-		-		-
SKF LATVIA SIA	-	-		-		-
SKF LOGISTICS SERVICES BELGIUM	-	-		-		-
SKF LOZISKA, AS	-	-		-		-
SKF NEW ZEALAND LTD	-	-		-		-
SKF PAKISTAN (PRIVATE) LTD	-	-		-		-
SKF POLSKA SPOLKA AKCYJNA	-	-		-		-
SKF PORTUGAL ROLAMENTOS LIMITADA	-	-		-		-
SKF ROMANIA	-	-		-		-
SKF SAUDI ARABIAN LTD	-	-		-		-
SKF SEALING SOLUTIONS KOREA CO LTD	-	-		-		-
SKF SLOVENIA D.O.O.	-	-		-		-
SKF SLOVENKO	-	-		-		-
SKF SOUTH AFRICA (PTY) LTD	-	-		-		-
SKF SOUTH EAST ASIA & PACIFI(PTE) LTD	-	-		-		-
SKF SVÉD GOLYÓSCSAPÁGY ZRT	-	-		-		-
SKF TECHNOLOGIES (INDIA) PRIVATE LIMITED	-	-		-		-
SKF TREASURY CENTRE ASIA & PACIFIC PTE L...	-	-		-		-
SKF UKRAINE	-	-		-		-
SKF URUGUAY SA	-	-		-		-
SKF VENEZOLANA S.A.	-	-		-		-
SKF VENTURES S.P.C	-	-		-		-
SKF ZAO	-	-		-		-
SKF ÖSTERREICH A.G.	-	-		-		-
UAB SKF LIETUVA	-	-		-		-

FINANCIAL INFORMATION

Trading to Date 12/31/2012 12/31/2011 12/31/2010

Turnover 111,634,009 € 92,334,142 € 71,707,933 €

Gross Operating Surplus 9,52 % Turnover 2,53 % Turnover -5,44 % Turnover

Shareholders’ equity 28,535,933 € 22,605,207 € 19,868,582 €

Net result 5,265,503 € 1,863,967 € -5,510,182 €

Trends   Profitability Liquidity Net worth

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	27/08/2013	13/09/2012	12/08/2011
Activity Code	3030Z	3030Z	3030Z
Employees	749	0	740

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	32 580 495	5,9%	30 768 401	11,9%	27 501 197	625 195	5111,3%
- Intangible assets	16 119 957	12,6%	14 317 031	36,8%	10 463 721	61 375	26164,7%
- Tangible assets	16 454 271	0,1%	16 445 443	-3,4%	17 031 549	309 831	5210,7%
- Financial assets	6 267	5,7%	5 927	0%	5 927	15 607	-59,8%
Net current assets	54 829 281	19,0%	46 081 377	31,7%	34 978 530	2 554 579	2046,3%
- Stocks	31 120 616	32,7%	23 453 941	22,8%	19 093 254	575 220	5310,2%
- Advanced payments	81 455	19,0%	67 904	-33,6%	102 203	0	0%
- Receivables	22 858 082	4,5%	21 879 665	41,5%	15 465 891	1 322 906	1627,9%
- Securities and cash	769 128	13,1%	679 867	114,3%	317 182	91 563	740,0%
- Prepaid expenses	-	-	-	-	-	645	-
Accounts of regularization	178 472	328,4%	41 663	0%	0	0	0%
Total Assets	87 588 248	13,9%	76 891 441	23,1%	62 479 727	3 671 761	2285,5%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	28 535 933	26,2%	22 605 207	13,8%	19 868 582	631 427	4419,3%
Share capital	9 150 000	0%	9 150 000	0%	9 150 000	164 920	5448,1%
Other capital resources	1 387	-49,9%	2 768	-97,2%	97 170	0	0%
Risk Provisions	8 214 181	21,4%	6 763 533	0,3%	6 740 392	5 307	154680,1%
Liabilities	50 825 640	7,3%	47 367 709	32,5%	35 754 553	1 938 768	2521,5%
- Financial liabilities	10 016 297	-1,4%	10 155 435	0,9%	10 066 158	222 520	4401,3%
- Advanced payments received	174 846	-57,4%	410 722	131,3%	177 567	0	0%
- Trade account payables	13 110 986	-1,1%	13 259 091	52,9%	8 673 739	539 702	2329,3%
- Tax and social liabilities	9 060 646	10,3%	8 210 844	16,6%	7 043 132	591 754	1431,2%
- Other debts and fixed assets liabilities	18 244 152	18,0%	15 457 566	58,6%	9 744 189	50 436	36072,9%
Account regularization	229 819	774,7%	26 274	-61,8%	68 799	0	0%
Total liabilities	87 588 247	13,9%	76 891 441	23,1%	62 479 728	3 703 230	2265,2%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	127 028 329	23,7%	102 712 401	27,0%	80 903 082	3 886 117	3168,8%
Net turnover	111 634 009	20,9%	92 334 142	28,8%	71 707 933	3 758 127	2870,5%
- of which net export turnover	46 320 329	28,5%	36 039 831	33,7%	26 947 534	2 401	1929109,9%
Operating charges	116 103 975	16,9%	99 302 755	16,2%	85 459 473	4 048 215	2768,0%
Operating profit/loss	10 924 353	220,4%	3 409 646	174,8%	-4 556 390	39 077	27856,0%
Financial income	758 366	-52,7%	1 602 139	38,6%	1 155 786	7 435	10099,9%
Financial charges	2 033 941	37,4%	1 480 682	-29,8%	2 108 713	25 221	7964,5%
Financial profit/loss	-1 275 575	-1150,2%	121 457	112,7%	-952 926	-4 061	-31310,4%
Pretax net operating income	9 648 778	173,3%	3 531 103	164,1%	-5 509 317	38 035	25268,2%
Extraordinary income	43 016	-17,1%	51 877	-15,8%	61 629	13 503	218,6%
Extraordinary charges	3 197 502	36,4%	2 344 470	151,6%	931 914	15 511	20514,4%
Extraordinary profit/loss	-3 154 487	-37,6%	-2 292 593	-163,4%	-870 285	0	0%
Net result	5 265 503	182,5%	1 863 967	133,8%	-5 510 182	34 153	15317,4%

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	87 588 248	13,9%	76 891 441	23,1%	62 479 727
	Gross	CO	128 025 235	9,9%	116 523 471	14,8%	101 511 543
	Amortisation	1A	40 436 987	2,0%	39 632 030	1,5%	39 031 816

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	32 580 495	5,9%	30 768 401	11,9%	27 501 197
	Gross	BJ	69 757 454	4,8%	66 590 129	7,7%	61 856 297
	Amortisation	BK	37 176 959	3,8%	35 821 728	4,3%	34 355 100

Intangilble 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	597 033	0%	597 033	0%	597 033
	Amortisation	AE	597 033	0%	597 033	0%	597 033
	Distributorships, patents	Net	320 000	-30,2%	458 578	0%	0
	Gross	AF	975 743	-14,0%	1 134 258	85,9%	610 112
	Amortisation	AG	655 743	-3,0%	675 680	10,7%	610 112
	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	15 799 957	14,0%	13 858 453	32,4%	10 463 721
	Gross	AJ	15 799 957	14,0%	13 858 453	32,4%	10 463 721
	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	16 119 957	12,6%	14 317 031	36,8%	10 463 721

Tangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Lands	Net	311 354	4,4%	298 305	-1,4%	302 658
	Gross	AN	552 973	3,3%	535 499	0%	535 499
	Amortisation	AO	241 619	1,9%	237 194	1,9%	232 841
	Buildings	Net	5 595 864	-3,7%	5 810 182	-4,1%	6 057 503
	Gross	AP	12 522 875	1,4%	12 352 148	1,1%	12 218 184
	Amortisation	AQ	6 927 011	5,9%	6 541 966	6,2%	6 160 681
	Plant	Net	10 358 988	6,1%	9 764 654	-5,2%	10 298 515
	Gross	AR	37 451 226	4,3%	35 890 230	1,3%	35 424 823
	Amortisation	AS	27 092 238	3,7%	26 125 576	4,0%	25 126 308
	Other tangible fixed assets	Net	117 593	29,1%	91 070	-12,1%	103 587
	Gross	AT	1 780 908	2,6%	1 735 349	0,2%	1 731 712
	Amortisation	AU	1 663 315	1,2%	1 644 279	1,0%	1 628 125
	Fixed assets in construction	Net	58 492	-87,5%	469 285	82,4%	257 339
	Gross	AV	58 492	-87,5%	469 285	82,4%	257 339
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	11 980	0,3%	11 947	0%	11 947
	Gross	AX	11 980	0,3%	11 947	0%	11 947
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	16 454 271		16 445 443		17 031 549

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	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	6 267	5,7%	5 927	0%	5 927
	Gross	BH	6 267	5,7%	5 927	0%	5 927
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		6 267		5 927		5 927

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	54 829 281	19,0%	46 081 377	31,7%	34 978 530
	Gross	CJ	58 089 309	16,4%	49 891 679	25,8%	39 655 246
	Amortisation	CK	3 260 028	-14,4%	3 810 302	-18,5%	4 676 716

Stocks

			31/12/2012		31/12/2011		31/12/2010
	Raw materials	Net	7 984 049	35,6%	5 886 884	34,5%	4 375 311
	Gross	BL	8 659 120	30,3%	6 646 980	22,3%	5 436 631
	Amortisation	BM	675 071	-11,2%	760 096	-28,4%	1 061 320
	Work in progress (goods)	Net	9 223 150	34,6%	6 851 560	31,7%	5 202 773
	Gross	BN	9 309 008	34,6%	6 918 433	31,2%	5 274 476
	Amortisation	BO	85 858	28,4%	66 873	-6,7%	71 703
	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	13 913 417	29,8%	10 715 497	12,6%	9 515 170
	Gross	BR	16 075 908	20,2%	13 377 119	4,8%	12 761 087
	Amortisation	BS	2 162 491	-18,8%	2 661 622	-18,0%	3 245 917
	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	31 120 616	32,7%	23 453 941	22,8%	19 093 254

Advance payments to suppliers

			31/12/2012		31/12/2011		31/12/2010
	Advance payments to suppliers	Net	81 455	20,0%	67 904	-33,6%	102 203
	Gross	BV	81 455	20,0%	67 904	-33,6%	102 203
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2012		31/12/2011		31/12/2010
	Trade accounts receivable	Net	20 118 649	6,5%	18 897 503	41,3%	13 376 103
	Gross	BX	20 455 257	6,4%	19 219 214	40,6%	13 673 879
	Amortisation	BY	336 608	4,6%	321 711	8,0%	297 776
	Other debtors	Net	1 997 858	-22,0%	2 562 022	39,1%	1 842 414
	Gross	BZ	1 997 858	-22,0%	2 562 022	39,1%	1 842 414
	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	22 116 507	3,1%	21 459 525	41,0%	15 218 517

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	769 128	13,1%	679 867	114,3%	317 182
	Gross	CF	769 128	13,1%	679 867	114,3%	317 182
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	769 128	13,1%	679 867	114,3%	317 182

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2010
	Prepaid expenses	Net	741 575	76,5%	420 140	69,8%	247 374
	Gross	CH	741 575	76,5%	420 140	69,8%	247 374
	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	178 472	328,4%	41 663	0%	0
Gross		178 472	328,4%	41 663	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	6 267	5,7%	5 927	0%	5 927
Due after one year	CR	291 003	-3,2%	300 556	-0,9%	303 138

Display parameter Currency Euro Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to V)	EE	87 588 247	13,9%	76 891 441	23,1%	62 479 728

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	28 535 933	26,2%	22 605 207	13,8%	19 868 582
	Equity and shareholders' equity	DA	9 150 000	0%	9 150 000	0%	9 150 000
	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	915 000	0%	915 000	0%	915 000
	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	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	3 548 990	110,6%	1 685 023	-76,6%	7 195 205
	Profit or loss for the period	DI	5 265 503	182,5%	1 863 967	133,8%	-5 510 182
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	9 656 439	7,4%	8 991 217	10,7%	8 118 559

Other capital resources (II)

			31/12/2012		31/12/2011		31/12/2010
	Total other capital resources (Total II)	DO	1 387	-49,9%	2 768	-97,2%	97 170
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	1 387	-49,9%	2 768	-97,2%	97 170

Provisions for risks and charges (III)

			31/12/2012		31/12/2011		31/12/2010
	Total provisions for risks and charges (Total III)	DR	8 214 181	21,4%	6 763 533	0,3%	6 740 392
	Risk provisions	DP	1 299 052	9,3%	1 188 531	9,6%	1 084 050
	Reserves for charges	DQ	6 915 129	24,0%	5 575 003	-1,4%	5 656 342

Liabilities (IV)

			31/12/2012		31/12/2011		31/12/2010
	Total Liabilities (Total IV)	EC	50 825 640	7,3%	47 367 709	32,5%	35 754 553
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	9 964	-91,7%	119 602	101,0%	59 491
	Sundry loans and financial liabilities	DV	10 006 333	-0,3%	10 035 833	0,3%	10 006 667
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	174 846	-57,4%	410 722	131,3%	177 567
	Trade accounts payables	DX	13 110 986	-1,1%	13 259 091	52,9%	8 673 739
	Tax and social security liabilities	DY	9 060 646	10,3%	8 210 844	16,6%	7 043 132
	Fixed asset liabilities	DZ	426 408	8,2%	394 031	-57,0%	916 450
	Other debts	EA	17 806 639	19,4%	14 911 312	69,3%	8 808 708

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	11 105	-92,7%	152 223	699,9%	19 031

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	229 819	774,7%	26 274	-61,8%	68 799

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	50 650 795	7,9%	46 956 987	32,0%	35 576 986
Of which current bank facilities	EH	0	0%	119 602	101,0%	59 491

Display parameter Currency Euro Kilo Euro

Result account

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

1- Operating result (I-II)

		31/12/2012		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	10 924 353	220,4%	3 409 646	174,8%	-4 556 390

2- Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-1 275 575	-1150,2%	121 457	112,7%	-952 926

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	9 648 778	173,3%	3 531 103	164,1%	-5 509 317

4- Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	-3 154 487	-37,6%	-2 292 593	-163,4%	-870 285

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	5 265 503	182,5%	1 863 967	133,8%	-5 510 182

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	127 829 710	22,5%	104 366 417	27,1%	82 120 498

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	122 564 207	19,6%	102 502 448	17,0%	87 630 680

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	127 028 329	23,7%	102 712 401	27,0%	80 903 082

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	111 164 329	21,6%	91 422 514	29,1%	70 803 849
	France	FD	65 119 814	16,0%	56 130 222	25,8%	44 633 540
	Export	FE	46 044 514	30,5%	35 292 292	34,9%	26 170 309
	Sale of services	FI	469 681	-48,5%	911 628	0,8%	904 083
	France	FG	193 867	18,1%	164 089	29,3%	126 858
	Export	FH	275 814	-63,1%	747 539	-3,8%	777 225
	Net turnover	FL	111 634 009	20,9%	92 334 142	28,8%	71 707 933
	France	FJ	65 313 681	16,0%	56 294 311	25,8%	44 760 399
	Export	FK	46 320 329	28,5%	36 039 831	33,7%	26 947 534
	Stocked production	FM	5 089 363	125,2%	2 259 989	266,9%	-1 353 798
	Self-constructed assets	FN	1 937 604	-42,9%	3 394 732	-13,6%	3 928 467
	Operating grants	FO	1 335 510	102,0%	660 998	55,0%	426 537
	Release of reserves and provisions	FP	6 453 516	93,3%	3 338 066	-30,9%	4 834 192
	Other income	FQ	578 326	-20,2%	724 474	-46,7%	1 359 752

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	116 103 975	16,9%	99 302 755	16,2%	85 459 473

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	10 372	-57,6%	24 452	68,5%	14 515
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	30 041 089	19,0%	25 242 695	46,1%	17 282 555
Change in stocks of raw materials	FV	-2 012 140	-66,2%	-1 210 349	-212,1%	1 079 391
Other external purchases and charges	FW	37 022 166	22,8%	30 140 892	35,5%	22 241 720
Tax, duty and similar payments	FX	2 838 136	18,7%	2 390 079	4,2%	2 293 237
Payroll	FY	27 966 136	6,8%	26 190 999	6,7%	24 547 052
Social security costs	FZ	13 500 387	-0,3%	13 539 108	21,4%	11 151 252

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	1 867 112	12,7%	1 656 987	-0,5%	1 664 916
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	318 657	80,1%	176 936	-95,0%	3 526 497
Provisions for risks and charges	GD	2 159 363	124,7%	960 891	-34,4%	1 464 578

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	2 392 698	1158,9%	190 065	-1,9%	193 759

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	758 366	-52,7%	1 602 139	38,6%	1 155 786
	Share financial income	GJ	0	0%	69	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	8 452	69,7%	4 982	2011,0%	236
	Released provisions and transferred charges	GM	41 663	0%	0	0%	0
	Exchange gains	GN	708 251	-55,7%	1 597 088	38,2%	1 155 550
	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	2 033 941	37,4%	1 480 682	-29,8%	2 108 713
	Financial reserves and provisions	GQ	178 472	328,4%	41 663	0%	0
	Interest and similar charges	GR	728 842	3,2%	706 213	49,8%	471 328
	Exchange losses	GS	1 126 627	53,7%	732 806	-55,2%	1 637 385
	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	43 016	-17,1%	51 877	-15,8%	61 629
	Extraordinary operating income	HA	1 430	0%	0	0%	0
	Extraordinary income from capital transactions	HB	0	0%	10 251	-2,2%	10 483
	Released provisions and transferred charges	HC	41 586	-0,1%	41 626	-18,6%	51 146

Extraordinary charges (VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	3 197 502	36,4%	2 344 470	151,6%	931 914
	Extraordinary operating charges	HE	2 483 963	73,7%	1 430 186	323,7%	337 542
	Extraordinary charges from capital transactions	HF	6 732	0%	0	0%	58
	Extraordinary reserves and provisions	HG	706 808	-22,7%	914 284	53,8%	594 314

Employee profit sharing (IX)

		31/12/2012		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	984 319	0%	0	0%	116 212

Tax on profits (X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	244 470	139,1%	-625 459	36,5%	-985 631

References

		31/12/2012		31/12/2011		31/12/2010
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	4 732 918	259,8%	1 315 304	49,5%	879 531
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%	3 561 909
	Decreasess by transfers	OK2	0	0%	0	0%	667 843
	Gross value at the end of period	OL	0	0%	0	0%	61 856 296

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%	597 033
	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%	597 033

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%	0	0%	7 092 879
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	3 980 953
	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%	11 073 832

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	0	0%	0	0%	48 194 768
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	6 212 408
	Decreasess by budget item transfer	NG1	0	0%	0	0%	3 561 909
	Decreasess by transfers	NG2	0	0%	0	0%	665 763
	Gross value at the end of period	NH	0	0%	0	0%	50 179 504

Fiancial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	0	0%	0	0%	8 007
	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%	2 080
	Gross value at the end of period	NK	0	0%	0	0%	5 927

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%	0	0%	554 891
Increases		PF	0	0%	0	0%	55 221
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0	0%	610 112

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%	0	0%	32 209 787
Increases		QV	0	0%	0	0%	1 603 871
Decreases		QW	0	0%	0	0%	665 705
	Decreasess by budget item transfer	QX	0	0%	0	0%	33 147 953

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%	597 033
	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%	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		31/12/2011		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%	0	0%	15 769 594
1 year at most	VU	0	0%	0	0%	15 460 529
More than one year	VV	0	0%	0	0%	309 065

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%	0	0%	5 927
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%	0	0%	303 138
Other claims customer	UX	0	0%	0	0%	13 370 741
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%	2 249
Social Security and other social organizations	UZ	0	0%	0	0%	126 378
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	630 596
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%	985 631
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	97 560

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	0	0%	0	0%	247 374

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	0	0%	0	0%	35 576 985
1 year at most		VZ2	0	0%	0	0%	35 576 985
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2012		31/12/2011		31/12/2010
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	59 491
1 year at most		VG2	0	0%	0	0%	59 491
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%	10 006 667
1 year at most		8A2	0	0%	0	0%	10 006 667
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%	8 673 739
1 year at most		8B2	0	0%	0	0%	8 673 739
More than 1 year and 5 years at most		8B3	0	0%	0	0%	8 673 739
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	2 802 824
1 year at most		8C2	0	0%	0	0%	2 802 824
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%	3 445 769
1 year at most		8D2	0	0%	0	0%	3 445 769
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%	794 538
1 year at most		VQ2	0	0%	0	0%	794 538
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%	916 450
1 year at most		8J2	0	0%	0	0%	916 450
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%	8 586 759
1 year at most		8K2	0	0%	0	0%	8 586 759
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%	221 949
1 year at most		SZ2	0	0%	0	0%	221 949
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	68 799
1 year at most		8L2	0	0%	0	0%	68 799
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	11 499

Table allocation results and other information

Dividends distributed

		31/12/2012		31/12/2011		31/12/2010
Dividends	ZE	0	0%	0	0%	2 000 000

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%	5 486 571
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	656 515
Staff outside the company	YU	0	0%	0	0%	879 098
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	1 728 584
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	13 490 952
Total Other purchases and external	ZJ	0	0%	0	0%	22 241 720

Taxes and Fees

		31/12/2012		31/12/2011		31/12/2010
Business tax	YW	0	0%	0	0%	916 555
Other taxes and payments assimilated	9Z	0	0%	0	0%	1 376 682
Total taxes and fees	YX	0	0%	0	0%	2 293 237

VAT

		31/12/2012		31/12/2011		31/12/2010
Amount VAT collected	YY	0	0%	0	0%	2 947 345
Total VAT on goods and services	YZ	0	0%	0	0%	7 724 577

Average number of employees

		31/12/2012		31/12/2011		31/12/2010
Average number of employees	YP	749	0%	0	0%	740

Groups and Shareholders

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

Display parameter Comparison mode Average Median

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

Structure and Liquidity

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Fixed Asset Financing		1,20	6,2%	1,13	-1,7%	1,15	1,62	-25,9%
Global Debt		164 days	-11,4%	185 days	2,8%	180 days	166 days	-1,2%
Working Capital Fund overall net		46 days	35,3%	34 days	-26,1%	46 days	88 days	-47,7%
Financial independence		286390,34%	1415,3%	18900,36%	-43,4%	33397,63%	618,57%	46198,8%
More ratios
Solvability		32,58%	10,8%	29,40%	-8,0%	31,96%	36,43%	-10,6%
Capacity debt futures		%	-	%	-	33397,63%	1093,77%	-
Coverage of current assets by net working capital overall		24,74%	41,7%	17,46%	-25,3%	23,38%	40,52%	-38,9%
General Liquidity			-		-	0,43	0,77	-
Restricted Liquidity			-		-	0,44	0,99	-

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital		41 days	36,7%	30 days	-31,8%	44 days	57 days	-28,1%
Treasury		2 days	0%	2 days	100%	1 days	9 days	-77,8%
Inventory turnover of goods		0 days	0%	0 days	0%	0 days	0 days	0%
Average length of credit granted to customers		66 days	-12,0%	75 days	13,6%	66 days	78 days	-15,4%
Average length of credit obtained suppliers		73 days	-17,0%	88 days	35,4%	65 days	78 days	-6,4%
More ratios
Inventory turnover of raw materials in industrial enterprises		104 days	9,5%	95 days	-15,9%	113 days	119 days	-12,6%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	143 days	376 days	-
Rotation tangible assets		%	-	%	-	142,90%	376,21%	-

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading		-0,01%	66,7%	-0,03%	-50,0%	-0,02	0%	0%
Profitability of the business		9,52	276,3%	2,53	146,5%	-5,44	4,11%	131,6%
Net profit		4,72%	133,7%	2,02%	126,3%	-7,68%	2,68%	76,1%
More ratios
Growth rate of turnover (excluding VAT)		20,90%	-27,3%	28,76%	241,1%	-20,38%	13,58%	53,9%
Rates integration		48,01%	1,2%	47,43%	1,0%	46,95%	45,20%	6,2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		77,36%	-14,7%	90,73%	-14,4%	106,04%	78,88%	-1,9%
Weight interests		1,82	13,8%	1,60%	-45,6%	2,94%	0,54%	237,0%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability		7,19%	48,6%	4,84%	206,4%	-4,55%	4,55%	58,0%
Rates of economic profitability		28%	300%	7%	153,8%	-13%	10%	180,0%
Financial profitability		28537320%	26,2%	22607975%	13,2%	19965752%	903583%	3058,2%
Return on investment		18,93%	85,4%	10,21%	190,1%	-11,33%	8,55%	121,4%

Display parameter Currency Euro Kilo Euro Comparison mode Average Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	111 634 009	20,9%	92 334 142	28,8%	71 707 933	3 758 127 €	2870,5%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	10 372	-57,6%	24 452	68,5%	14 515
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	-10 372 €	57,6%	-24 452 €	-68,5%	-14 515 €	0 €	0%
	-0,01 % CA	66,7%	-0,03 % CA	-50,0%	-0,02 % CA	0 % CA	0%

Sale of goods produced	111 634 010	20,9%	92 334 142	28,8%	71 707 932
+/- Stocked production	5 089 363	125,2%	2 259 989	266,9%	-1 353 798
+ Self-constructed assets	1 937 604	-42,9%	3 394 732	-13,6%	3 928 467
Period production	118 660 977 €	21,1%	97 988 863 €	31,9%	74 282 601 €	3 119 520 €	3703,8%
	106,29 % CA	0,2%	106,12 % CA	2,4%	103,59 % CA	100,89 % CA	5,4%

Trading margin	-10 372	57,6%	-24 452	-68,5%	-14 515	0	0%
+ Period Production	118 660 977	21,1%	97 988 863	31,9%	74 282 601	3 119 520	3703,8%
- Purchase of raw materials	30 041 089	19,0%	25 242 695	46,1%	17 282 555
+/- Change in stocks of raw materiels	-2 012 140	-66,2%	-1 210 349	-212,1%	1 079 391
- Other external purchases and charges	37 022 166	22,8%	30 140 892	35,5%	22 241 720
Added value	53 599 490 €	22,4%	43 791 173 €	30,1%	33 664 420 €	1 775 764 €	2918,4%
	48,01 % CA	1,2%	47,43 % CA	1,0%	46,95 % CA	45,20 % CA	6,2%

Added value	53 599 490 €	22,4%	43 791 173 €	30,1%	33 664 420 €	1 775 764 €	2918,4%
+ Operating grants	1 335 510	102,0%	660 998	55,0%	426 537
- Tax, duty and similar payments	2 838 136	18,7%	2 390 079	4,2%	2 293 237
- Personal charges	41 466 523	4,4%	39 730 107	11,3%	35 698 304
Gross operating surplus	10 630 341 €	355,8%	2 331 985 €	159,8%	-3 900 584 €	58 730 €	18000,4%
	9,52 % CA	276,3%	2,53 % CA	146,5%	-5,44 % CA	4,11 % CA	131,6%

Gross operating surplus	10 630 341 €	355,8%	2 331 985 €	159,8%	-3 900 584 €	58 730 €	18000,4%
+ Release of reserves and provisions	6 453 516	93,3%	3 338 066	-30,9%	4 834 192
+ Other operating income	578 326	-20,2%	724 474	-46,7%	1 359 752
- Depreciation/Amortisation	4 345 132	55,5%	2 794 814	-58,0%	6 655 991
- Other charges	2 392 698	1158,9%	190 065	-1,9%	193 759
Operating result	10 924 353 €	220,4%	3 409 646 €	174,8%	-4 556 390 €	39 077 €	27856,0%
	9,79 % CA	165,3%	3,69 % CA	158,1%	-6,35 % CA	3,07 % CA	218,9%

Operating result	10 924 353 €	220,4%	3 409 646 €	174,8%	-4 556 390 €	39 077 €	27856,0%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	758 366	-52,7%	1 602 139	38,6%	1 155 786
- Financial charges	2 033 941	37,4%	1 480 682	-29,8%	2 108 713
Pre-tax result	9 648 778 €	173,3%	3 531 103 €	164,1%	-5 509 317 €	38 035 €	25268,2%
	8,64 % CA	126,2%	3,82 % CA	149,7%	-7,68 % CA	2,76 % CA	213,0%

Extraordinary income	43 016	-17,1%	51 877	-15,8%	61 629	13 503	218,6%
- Extraordinary charges	3 197 502	36,4%	2 344 470	151,6%	931 914
Extraordinary result	-3 154 486 €	-37,6%	-2 292 593 €	-163,4%	-870 285 €	0 €	0%
	-2,83 % CA	-14,1%	-2,48 % CA	-105,0%	-1 % CA	-00,02 % CA	-14050,0%

Pre-tax result	9 648 778 €	173,3%	3 531 103 €	164,1%	-5 509 317 €	38 035 €	25268,2%
Extraordinary result	-3 154 486 €	-37,6%	-2 292 593 €	-163,4%	-870 285 €	0 €	0%
- Employee profit sharing	984 319	0%	0	0%	116 212
- Tax on profits	244 470	139,1%	-625 459	36,5%	-985 631
Net result	5 265 503 €	182,5%	1 863 969 €	133,8%	-5 510 183 €	34 153 €	15317,4%
	4,72 % CA	133,7%	2,02 % CA	126,3%	-7,68 % CA	2,68 % CA	76,1%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Employees

500 to 999 employees

-

-

Company details

Company details

Activity (APE)	Construction aéronautique et spatiale  (3030Z)
RCS Registration	RCS Romans 5 775 572 878	Share capital	9,150,000 Euros
Registration Court	Romans (26)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	19 5 6B90074	EUR VAT Number	FR16775572878
Incorporation Date	07/1956	Formation Date	01/1956
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Construction aéronautique et spatiale  (3030Z)	Business Pages FT®	INDUSTRIES DE L'AERONAUTIQUE ET DE L'ESPACE
Postal Address	SKF AEROSPACE FRANCE 1 AV MARC SEGUIN BP 29 26240 SAINT VALLIER	Trading Address	1 AVENUE MARC SEGUIN 26240 SAINT VALLIER
Telephone	04 75 03 40 40
Fax

Type	Head office	Status	Economically active
Formation Date	01/1982	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Drôme (26)	Region	Rhône-Alpes
District	3	Area	26
City	SAINT VALLIER	Size of urban area

Other establishments

Branches

2 branch entities in this company

Head office	> SKF AEROSPACE FRANCE <<<  - Construction aéronautique et spatiale (3030Z)  in SAINT VALLIER  (26240)
	Secondary establishments	>  SKF AEROSPACE FRANCE  - Construction aéronautique et spatiale (3030Z)  in NOISY LE GRAND  (93160) >  SKF AEROSPACE FRANCE  - Construction aéronautique et spatiale (3030Z)  in PERRIGNY  (39570)

Regionality	Legal unit with multiple establishments in many areas having at least 50% of workforce in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

250 to 499 employees

Company workforce

500 to 999 employees

Rating and Limit history

Date	Rating	Limit	International Score	Description
05/10/2013	65	455,000 €	B	Low Risk
03/08/2013	49	190,000 €	C	Moderate Risk

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	16/06/2008
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	AKTIEBOLAGET SKF
Direct parent	SKF HOLDING FRANCE - 100 %
Group – Number of companies	85
Linkages – Number of companies	85
Number of countries	47

Event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
04/09/2013	Bodacc C	Comptes annuels et rapports
26 - DROME GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS 1361 - 775572878 RCS. SKF Aerospace France. Forme : Société par Actions Simplifiée. Adresse : 1 avenue Marc Seguin 26240 Saint-Vallier. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
10/09/2012	Bodacc C	Comptes annuels et rapports
26 - DROME GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS 4653 - 775572878 RCS. SKF Aerospace France. Forme : Société par Actions Simplifiée. Adresse : 1 avenue Marc Seguin 26240 Saint-Vallier. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
04/07/2012	Bodacc B	Modification et mutation diverse
26 - DROME GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS 401 - 775 572 878 RCS Romans. SKF AEROSPACE FRANCE. Forme : Société par Actions Simplifiée. Administration : TOURNOUX Jean François nom d'usage : TOURNOUX n'est plus président. LEFEVRE Bernard nom d'usage : LEFEVRE n'est plus directeur général. KPMG AUDIT n'est plus commissaire aux comptes titulaire. PIETTE Michel nom d'usage : PIETTE n'est plus commissaire aux comptes suppléant. Sté par actions simplifiée SKF HOLDING FRANCE devient président. Sté par actions simplifiée KPMG AUDIT ID devient commissaire aux comptes titulaire. Sté par actions simplifiée KPMG AUDIT RHONE-ALPES AUVERGNE devient commissaire aux comptes suppléant. Activité : . Commentaires : Modification de l'administration.
07/04/2012	JAL	Resignation / Revocation of the social representative
Echo, Le Valentinois (L ) Date de décision : 20/12/2011 La société 775572878 - SKF AEROSPACE FRANCE, 1 AV MARC SEGUIN, BP 29, 26240 SAINT VALLIER Fait l'objet du départ de KPMG AUDIT, De Monsieur Michel PIETTE, De Monsieur Bernard LEFEVRE
07/04/2012	JAL	Appointment of the social representative
Echo, Le Valentinois (L ) Date de décision : 20/12/2011 Société faisant l'objet d'une nomination : 775572878 - SKF AEROSPACE FRANCE, 1 AV MARC SEGUIN, BP 29, 26240 SAINT VALLIER Nominé : 349034611 - SKF HOLDING FRANCE, SKF HOLDING FRANCE, 34 AV DES TROIS PEUPLES, 78180 MONTIGNY LE BRETONNEUX En la fonction de : Président
16/09/2010	Bodacc C	Comptes annuels et rapports
26 - DROME GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS 2478 - 775572878 RCS. SKF Aerospace France. Forme : Société par Actions Simplifiée. Adresse : 1 avenue Marc Seguin 26240 Saint-Vallier. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
13/08/2009	Bodacc C	Comptes annuels et rapports
26 - DROME GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS 3284 - 775572878 RCS. SKF Aerospace France. Forme : Société par Actions Simplifiée. Adresse : 1 avenue Marc Seguin 26240 Saint-Vallier. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
25/09/2008	Bodacc C	Comptes annuels et rapports
26 - DROME GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS 3392 - 775572878 RCS. SKF Aerospace France. Forme : Société par Actions Simplifiée. Adresse : 1 avenue Marc Seguin 26240 Saint-Vallier. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
11/03/2008	Bodacc B	Modification et mutation diverse
26 - DROME GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS 3052 - 775 572 878 RCS Romans. SKF AEROSPACE FRANCE. Forme : Société par Actions Simplifiée. Administration : TOURNOUX Jean François nom d'usage : TOURNOUX Jean devient président.. LEFEVRE Bernard nom d'usage : LEFEVRE Bernard n'est plus président.. LEFEVRE Bernard nom d'usage : LEFEVRE Bernard devient directeur général.. Commentaires : Modification de l'administration.
18/10/2007	Bodacc C	Avis de dépôt des comptes
1243 - 775 572 878. RCS Romans SKF Aerospace France. Forme: société par actions simplifiée. Adresse du siège social: 1 avenue Marc Seguin 26240 Saint-Vallier. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
08/03/2007	Bodacc A	Vente et cession
0987 - RCS Romans-sur-Isère B 419 234 851. JACOTTET INDUSTRIE. Forme : S.A. Capital : 152 744 euros. Adresse du siège social : 40 bis, avenue d'Orléans, 28000 Chartres. Etablissement secondaire - Activité : Cables aéronautiques. Adresse : 1, avenue Marc Seguin P, 26240 Saint-Vallier. Clientèle dépendant de l'établissement secondaire acquis par achat au prix stipulé de 420 000 euros . Date d'effet : 1er janvier 2007. Précédent propriétaire : SKF Aerospace France. RCS 775 572 878. Publication légale : L'Echo et le Valentinois du 17 février 2007 . Oppositions : au siège du fonds vendu.
16/09/2005	Bodacc B	Modifications et mutations diverses
322 - RCS Romans 775 572 878. RC 56-B 90074. SKF AEROSPACE FRANCE. Forme : S.A.S. Adresse du siège social : 1 avenue Marc-Seguin,, 26240 Administration : à compter du 23 juin 2004, ancien commissaire aux comptes suppléant : MALVOISIN (Patrick). Nouveau commissaire aux comptes suppléant : BEAS. Ancien membre du directoire : GROGONO (Andrew). Nouveau membre du directoire : WENDIN (Sten). A compter du 13 juin 2005, président : LEFEVRE (Bernard), ancien membre du directoire. Anciens membres du conseil de surveillance : THOREN (Kaj) SKF FRANCE et SKF HOLDING. Anciens membres du directoire : KOTAS (David) et WENDIN (Sten). Ancien commissaire aux comptes titulaire : BARBIER FRINAULT & AUTRES. Nouveau commissaire aux comptes titulaire : KPMG AUDIT. Ancien commissaire aux comptes suppléant : BEAS. Nouveau commissaire aux comptes suppléant : PIETTE (Michel). Commentaires : modification survenue sur la dénomination et la forme juridique. Date d'effet : 13 juin 2005.
15/07/2005	Bodacc C	Avis de dépôt des comptes
1084 - RCS Romans-sur-Isère B 775 572 878. RC 56-B 90074. SARMA. Forme: société anonyme à directoire et à conseil de surveillance. Adresse du siège social: 1, Avenue Marc Seguin P,26240 Saint-Vallier. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
29/04/2004	Bodacc B	Modifications et mutations diverses
RCS Romans B 775572878 RC 56-B 74 SARMA. Forme : S.A. à directoire et conseil de surveillance. Capital : 9 150 000 euros. Adresse du siège social : P.I. de la Brassière, 1 avenue Marc-Seguin, 26240 Saint-Vallier. Commentaires : modification survenue sur l' administration. Administration : président du directoire : LEFEVRE ( Bernard) ( Nom d'usage : LEFEVRE). Membres du directoire : GROGONO (Andrew) ( Nom d'usage : GROGONO) KOTAS ( David) ( Nom d'usage : KOTAS). Président du conseil de surveillance : THOREN (Kaj) ( Nom d'usage : THOREN). Membres du conseil de surveillance : SKF FRANCE, représentée par TOURNOUX ( Jean) ( Nom d'usage : TOURNOUX) SKF HOLDING FRANCE, représentée par THIEBAULT (Jean) ( Nom d'usage : THIEBAULT). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : MALVOISIN (Patrick) ( Nom d'usage : MALVOISIN). Date d'effet : 19 juin 2003.
04/12/2002	Bodacc B	Modifications et mutations diverses
RCS Romans B 775572878 RC 56-B 74 SARMA. Forme : S.A. à directoire et conseil de surveillance. Capital : 9 150 000 euros. Adresse du siège social : P.I. de la Brassière, 1 avenue Marc-Seguin, 26240 Saint-Vallier. Commentaires : modification survenue sur l' administration. Administration : président du directoire : LEFEVRE ( Bernard) ( Nom d'usage : LEFEVRE). Membres du directoire : GROGONO (Andrew) ( Nom d'usage : GROGONO) DE QUILLACQ (Etienne) ( Nom d'usage : DE QUILLACQ). Président du conseil de surveillance : THOREN (Kaj) ( Nom d'usage : THOREN). Membres du conseil de surveillance : S. K.F. FRANCE, représentée par TOURNOUX ( Jean) ( Nom d'usage : TOURNOUX) S.K. F. HOLDING FRANCE, représentée par TURPIN (Claude) ( Nom d'usage : TURPIN) . Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : MALVOISIN ( Patrick) ( Nom d'usage : MALVOISIN). Date d'effet : 13 septembre 2002.
27/02/2002	Bodacc B	Modifications et mutations diverses
RCS Romans B 775572878 RC 56-B 74 SARMA. Forme : S.A. à directoire et conseil de surveillance. Capital : 9 150 000 euros. Adresse du siège social : P.I. de la Brassière, 1 avenue Marc-Seguin, 26240 Saint-Vallier. Commentaires : modification survenue sur le capital ( augmentation), l'adresse du siège social et l'administration. Administration : président du directoire MATTIUSSI (Laurent) ( Nom d'usage : MATTIUSSI). Membres du directoire : GROGONO (Andrew) ( Nom d'usage : GROGONO) DE QUILLACQ (Etienne) ( Nom d'usage : DE QUILLACQ). Président du conseil de surveillance : THOREN (Kaj) ( Nom d'usage : THOREN). Membres du conseil de surveillance : S.K.F. FRANCE, représentée par TURPIN (Claude) ( Nom d' usage : TURPIN) S.K.F. HOLDING FRANCE, représentée par COMBE (Jean- François) ( Nom d'usage : COMBE). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : MALVOISIN ( Patrick) ( Nom d'usage : MALVOISIN). Date d'effet : 26 juin 2000.
14/01/2000	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social 775 572 878. RCS Romans. RC 56-B 74B SARMA. Forme : S.A. à directoire et conseil de surveillance. Capital : 60 000 000 de F ( fixe). Adresse : 1 avenue Marc-Seguin, parc industriel de la Brassière, 26240 Saint-Vallier Nouvelle situation du siège social Adjonction d'activité: fabrication et commerce de matériel de guerre. Commentaires : transformation de la S.A. en S.A. à directoire et conseil de surveillance. Administration : nouveau président du conseil de surveillance : THOREN (Kaj) nouveau président et membre du directoire : MATTIUSSI ( Laurent) membre du conseil de surveillance : S.K.F. HOLDING FRANCE, représentée par : COMBE Jean-François), en remplacement de MOHRMANN (Gérard) S. K.F. FRANCE, représentée par : TOURNOUX (Jean) membre du directoire : GROGONO (Andrew), GIROUSSE (Alain). Date d'effet : 20 octobre 1999.
10/09/1999	Bodacc B	Modifications et mutations diverses
RCS Romans b 775572878 RC 56-b 74 B sarma. Forme : S.A. Capital : 60 000 000 de francs (fixe). Adresse du siège social : parc industriel de la Brassière, 1, avenue Marc-Seguin, 26240 Saint- Vallier. Administration : ancien président et administrateur : RAYNAL ( Pierre) KAJ THOREN, déjà administrateur, est nommé président. Ancien administrateur : THROSELL (Erik). Date d'effet : 23juin 1999.
15/06/1999	Bodacc B	Modifications et mutations diverses
RCS Romans B 775572878 RC 56-B 74 B SARMA. Forme : S.A. Capital : 60 000 000 de F. Adresse du siège social : parc industriel de la Brassière, 1 avenue Marc-Seguin, 26240 Saint-Vallier. Administration : ancien administrateur : HAUPT (Michael). Nouvel administrateur : THOREN (Kaj). Date d'effet : 3 mars 1999.
17/09/1998	Bodacc B	Modifications et mutations diverses
RCS Romans B 775 572 878 RC 56-B 74B SARMA. Forme : S.A. Capital : 60 000 000 de F (fixe). Adresse du siège social : 1 avenue Marc-Seguin, parc industriel de la Brassière, 26240 Saint-Vallier. Administration : ancien administrateur : CASTANER (Gérard). Date d'effet : 29 juin 1998.
11/11/1997	Bodacc B	Modifications et mutations diverses
RCS Romans B 775 572 878 RC 56-B 74 B SARMA. Forme : S.A. Capital : 60 000 000 de F. Adresse du siège social : parc industriel de la Brassière, 1 avenue Marc-Séguin 26240 Saint-Vallier. Administration : ancien administrateur : BERNHARDTZ (Gunnar). Nouvel administrateur : THORSELL (Erik). Date d'effet : 24 juin 1997.
25/03/1997	Bodacc A	Création d'établissement
RCS Montbéliard B 323 399 550 RC 82-B 4 ACCASTILLAGE MODERNE. Sigle : ACMO. Forme : S.A.R.L. Capital : 750 000 F (fixe). Adresse du siège social : 1 chemin de Couleux, 25310 Glay Branche d'activité dépendant du fonds principal acquise par achat au prix stipulé de 300 000 F Etablissement principal: Activité : fabrication de cables et pièces mécaniques pour la marine de plaisance, cables pour le batiment. Adresse : 1 chemin de Couleux, 25310 Glay. Date d'effet : 27 aout 1996 Précédente propriétaire SARMA S.A. RCS B 775 572 878 Publication légale: L'Echo Drome Ardèche du 31 aout 1996. Oppositions : Me Danjaume, 26241 Saint-Vallier-sur-Rhone.
19/09/1995	Bodacc B	Modifications et mutations diverses
RCS Romans B 775572878 RC 56-B 74B SARMA. Forme : S.A. Capital : 60 000 000 F (fixe). Adresse du siège social : 1, avenue Marc-Seguin, parc industriel de la Brassière, 26240 Saint-Vallier. Administration : nouvel administrateur : HAUPT (Michael), en remplacement de KARLSSON (Tommy). Date d'effet : 29 juin 1995.
22/03/1995	Bodacc B	Modifications et mutations diverses
RCS Romans B 775 572 878 RC 56-B 74B SARMA. Forme : S.A. Capital : 60 000 000 de F (fixe). Adresse du siège social : 1 avenue Marc-Seguin, parc industriel de la Brassiere, 26240 Saint-Vallier. Administration : ancien administrateur : FRANKLIN (Henry) nouvel administrateur : KARLSSON (Tommy) à compter du:29 septembre 1994 Ancien commissaire aux comptes titulaire : CHAUVEAU (Marc) nouveau commissaire aux comptes titulaire : GUY BARBIER ET AUTRES ancien commissaire aux comptes suppléant : PETITEAU SCACCHI ET ASSOCIES nouveau commissaire aux comptes suppléant : GROSSMANN (Alain). Date d'effet : 23 décembre 1993.
28/02/1995	Bodacc B	Modifications et mutations diverses
RCS Romans b 775572878 RC 56-b 74b sarma. Forme : S.A. Capital : 60 000 000 F. Adresse du siège social : 1, avenue Marc- Seguin, parc industriel de la Brassière, 26240 Saint-Vallier. Administration : commissaires aux comptes partants : titulaire : CHAUVEAU (Marc) suppléant PETIEAU SCACCHI ET ASSOCIES. Nouveaux commissaires aux comptes : titulaire : GUY BARBIER ET AUTRES suppléant : GROSSMANN (Alain). Date d'effet : 23 décembre 1993.

Company events history

Date	Description
19/10/2013	Update Limit
19/10/2013	Update Rating
04/09/2013	Bodacc C : Deposit accounts notice
28/08/2013	Update Limit
28/08/2013	Update Rating
28/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
02/08/2013	New subsidiarie(s) detected
31/12/2012	New accounts available
14/09/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
10/09/2012	Bodacc C : Deposit accounts notice
04/07/2012	Bodacc B: Various editing or changing
10/04/2012	Amendment
07/04/2012	Legal Gazette: Resignation / Revocation of the social representative
31/12/2011	New accounts available
20/12/2011	Update of Company Legal Form
20/12/2011	Modification to Company Identifier
20/12/2011	Legal Gazette: Appointment of the social representative
09/09/2011	Bodacc C : Deposit accounts notice
13/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
16/09/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
13/08/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
25/09/2008	Bodacc C : Deposit accounts notice
16/06/2008	Collection of preferential rights activated for this company
11/03/2008	New Bodacc B ads detected
11/03/2008	Bodacc B: Various editing or changing
04/02/2008	Private document
04/02/2008	Appointment/resignation of company officers
04/02/2008	PV d'Assemblée
04/02/2008	Minutes of general meeting of shareholders
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
04/07/2005	Changement de Forme Juridique sans changement de catégorie
04/07/2005	New legal form – no new category
04/07/2005	Changement de dénomination sociale
04/07/2005	New company name
04/07/2005	Acte sous seing privé
04/07/2005	Private document
04/07/2005	Appointment/resignation of company officers
04/07/2005	Nomination/démission des organes de gestion
04/07/2005	Minutes of general meeting of shareholders
04/07/2005	PV d'Assemblée
04/07/2005	Statuts mis à jour
04/07/2005	Updated articles of association
04/07/2005	Changement de Commissaire aux Comptes
04/07/2005	New auditor
04/07/2005	Acte modificatif
04/07/2005	Amendment
03/06/2005	Private document
03/06/2005	Audit or Management Report
03/06/2005	Rapport des Commissaires ou du Gérant
03/06/2005	Acte sous seing privé
31/12/2004	New accounts available
26/03/2004	Acte modificatif
26/03/2004	Acte sous seing privé
26/03/2004	PV d'Assemblée
26/03/2004	Nomination/démission des organes de gestion
31/12/2003	New accounts available
06/11/2002	Acte modificatif
06/11/2002	Acte sous seing privé
06/11/2002	PV d'Assemblée
06/11/2002	Nomination/démission des organes de gestion
30/01/2002	Acte modificatif
30/01/2002	Statuts mis à jour
30/01/2002	PV d'Assemblée
30/01/2002	Nomination/démission des organes de gestion
30/01/2002	Acte sous seing privé
30/01/2002	Augmentation de Capital
30/01/2002	Conversion du Capital Social en Euros
17/12/1999	Acte modificatif
17/12/1999	Modification du système d'administration des S.A.
17/12/1999	Acte sous seing privé
17/12/1999	Nomination/démission des organes de gestion
17/12/1999	PV d'Assemblée
17/12/1999	Statuts mis à jour
17/12/1999	Modification de l'objet social
12/08/1999	Acte sous seing privé
12/08/1999	Nomination/démission des organes de gestion
12/08/1999	Changement de Commissaire aux Comptes
12/08/1999	Changement de Président (PDG, PCA)
12/08/1999	PV du Conseil d'Administration
12/08/1999	Acte modificatif
12/08/1999	Modification du Conseil d'Administration
12/08/1999	PV d'Assemblée
12/05/1999	Nomination/démission des organes de gestion
12/05/1999	Modification du Conseil d'Administration
12/05/1999	Acte modificatif
12/05/1999	Acte sous seing privé
12/05/1999	PV du Conseil d'Administration
07/08/1998	Acte sous seing privé
07/08/1998	Modification du Conseil d'Administration
07/08/1998	Nomination/démission des organes de gestion
07/08/1998	PV d'Assemblée
09/09/1997	Nomination/démission des organes de gestion
09/09/1997	Modification du Conseil d'Administration
09/09/1997	PV d'Assemblée
09/09/1997	Acte sous seing privé
17/08/1995	Nomination/démission des organes de gestion
17/08/1995	Modification du Conseil d'Administration
17/08/1995	PV d'Assemblée
18/01/1995	Continuation malgré perte supérieure à la moitié du capital
18/01/1995	PV d'Assemblée
18/01/1995	Modification du Conseil d'Administration
18/01/1995	Nomination/démission des organes de gestion
18/01/1995	Statuts mis à jour
18/01/1995	Augmentation de Capital
18/01/1995	Réduction de Capital
29/07/1994	Nomination/démission des organes de gestion
29/07/1994	Modification du Conseil d'Administration
29/07/1994	PV d'Assemblée
28/07/1994	PV d'Assemblée
01/10/1992	Cession de parts
01/10/1992	Statuts mis à jour
01/10/1992	Acte sous seing privé
01/10/1992	Déclaration de conformité
01/10/1992	Statuts
01/10/1992	PV d'Assemblée
01/10/1992	Acte modificatif
05/06/1992	Rapport des Commissaires ou du Gérant
05/06/1992	Acte modificatif

Establishment events history

Date	Description
14/09/2012	Update Rating
08/09/2012	Update Rating
20/12/2011	Modification of Head office
13/08/2011	Update Rating
19/10/2010	Update of phone numbers
21/01/2010	Update of phone numbers
20/11/2009	Update of phone numbers
17/11/2008	Update of phone numbers
09/12/2007	Update Limit

NOTES & COMMENTS

Commentary

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

	The shareholder's equity is 28,535,933 €
	The creditor days are 42.87
	The decrease in the gearing percentage over the last two accounting periods is 15 %
	The liabilities are 50,825,640 €
	The net current assets are 54,829,281 €
	The net turnover is 111,634,009 €
	The pre-tax profit is 5,509,973 €
	The risk provisions are 8,214,181 €
	The total assets are 87,588,248 €
	Low risk workforce size
	Industry code with low risk rating
	Department code with low risk rating
	The company has 1 director(s)
	The sales to current assets ratio is 2,04
	The ratio total assets to total liabilities is 1,48
	The return on total assets employed is 6,29
	The stock to turnover ratio is 27.88

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 58.48
UK Pound	1	Rs. 98.67
Euro	1	Rs. 79.80

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	DPT

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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