MIRA INFORM REPORT

Report Date :

26.05.2014

IDENTIFICATION DETAILS

Name :	APERAM STAINLESS EUROPE
Registered Office :	Aperam Stainless Europe, Covefi, 30 Av Des Fruitiers, Saint Denis, 93210 La Plaine Saint Denis
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	06/1963
Legal Form :	Simplified joint stock company
Line of Business :	Subject is engaged in © intercooler other intermediaries in the sale of fuels, mà © rate Mineralize © Eral and chemicals (4612B)
No of Employees :	0

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Slow
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

company summary

Trade name	COMPAGNIE POUR LA VENTE DES ACIERS FINS COVEFI
		EUR VAT Number	FR94303284269
Activity (APE)	© intercooler other intermediaries in the sale of fuels, mà © rate Mineralize © Eral and chemicals (4612B)	Legal form	Simplified joint stock company
Phone		RCS Registration	RCS Bobigny 0 303 284 269
Fax		Share capital	42,000 Euros
Address	APERAM STAINLESS EUROPE COVEFI 30 AV DES FRUITIERS SAINT DENIS 93210 LA PLAINE SAINT DENIS	Incorporated Date	06/1963
Nationality	France	Status	Economically active

Ultimate Holding Company
Company Name	Company number	Click here to view the affiliation links
APERAM	B155908	1 company in 1 country. Click here to visit linked companies

Current Directors

1

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	2,229,528,000 €	2,549,856,000 €	2,341,495,000 €
Gross Operating Surplus	0,23 % Turnover	-0,27 % Turnover	0,01 % Turnover
Shareholders’ equity	-6,052,000 €	6,706,000 €	4,798,000 €
Net result	-6,100,000 €	1,908,000 €	3,189,000 €
Employees	0 employee	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	© intercooler other intermediaries in the sale of fuels, mà © rate Mineralize © Eral and chemicals (4612B)
RCS Registration	RCS Bobigny 0 303 284 269	Share capital	42,000 Euros
Registration Court	Bobigny (93)	Legal form	Simplified joint stock company
Court Registry Number	20 0 6B03196	EUR VAT Number	FR94303284269
Incorporation Date	06/1963	Formation Date	01/1963
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Trade name	COMPAGNIE POUR LA VENTE DES ACIERS FINS COVEFI
Activity (APE)	Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques (4612B)	Business Pages FT®
Postal Address	APERAM STAINLESS EUROPE COVEFI 30 AV DES FRUITIERS SAINT DENIS 93210 LA PLAINE SAINT DENIS	Trading Address	30 AVENUE DES FRUITIERS 93210 SAINT DENIS
Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	11/2012	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	SAINT DENIS	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> APERAM STAINLESS EUROPE <<<  - Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques (4612B)  in SAINT DENIS  (93210)
Secondary establishments	>  APERAM STAINLESS EUROPE  - Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques (4612B)  in SAINT DENIS  (93210) >  APERAM STAINLESS EUROPE  - Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques (4612B)  in PUTEAUX  (92800)

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

Workforce unknown

Company workforce

0 employee

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	21/11/2013	11/06/2013	15/11/2011
Activity Code	4612B	4612B	4612B
Employees	0	0	0

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	0	0%	0	0%	0	12 560	0%
- Intangible assets	0	0%	0	0%	0	0	0%
- Tangible assets	0	0%	0	0%	0	2 066	0%
- Financial assets	0	0%	0	0%	0	560,50	0%
Net current assets	348 932 000	-10,4%	389 383 000	-10,8%	436 494 000	345 101,50	101010,0%
- Stocks	0	0%	0	0%	0	0	0%
- Advanced payments	0	-10,4%	0	0%	0	0	0%
- Receivables	344 546 000	-8,9%	378 209 000	-12,4%	431 613 000	132 474,50	259984,8%
- Securities and cash	4 386 000	-60,7%	11 174 000	128,9%	4 881 000	49 750	8716,1%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	348 931 000	-10,4%	389 383 000	-10,8%	436 494 000	394 006	88459,8%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	-6 052 000	-190,2%	6 706 000	39,8%	4 798 000	116 677,50	-5286,9%
Share capital	42 000	0%	42 000	0%	42 000	32 930,50	27,5%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	354 985 000	-7,2%	382 677 000	-11,4%	431 696 000	189 930	186803,1%
- Financial liabilities	0	0%	0	0%	0	5 645,50	0%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	326 838 000	-7,1%	351 699 000	-11,9%	399 358 000	19 350,50	1688941,6%
- Tax and social liabilities	2 256 000	23,8%	1 822 000	-78,1%	8 335 000	57 727	3808,0%
- Other debts and fixed assets liabilities	25 891 000	-11,2%	29 156 000	21,5%	24 003 000	3 083,50	839562,7%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	348 933 000	-10,4%	389 383 000	-10,8%	436 494 000	394 006	88460,3%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	2 229 791 000	-12,6%	2 550 009 000	8,9%	2 342 168 000	507 741	439059,1%
Net turnover	2 229 528 000	-12,6%	2 549 856 000	8,9%	2 341 495 000	491 364,50	453642,2%
- of which net export turnover	0	0%	0	0%	2 033 981 000	0	0%
Operating charges	2 224 569 000	-13,0%	2 556 747 000	9,2%	2 341 362 000	467 085,50	476165,9%
Operating profit/loss	5 222 000	177,5%	-6 738 000	-936,0%	806 000	25 897,50	20064,1%
Financial income	19 334 000	-63,4%	52 877 000	13,6%	46 558 000	243	7956278,6%
Financial charges	30 657 000	-29,1%	43 227 000	-4,5%	45 276 000	352	8709275,0%
Financial profit/loss	-11 323 000	-217,3%	9 650 000	652,7%	1 282 000	0	0%
Pretax net operating income	-6 101 000	-309,5%	2 912 000	39,5%	2 088 000	26 925	-22759,2%
Extraordinary income	0	0%	0	0%	8 000	0	0%
Extraordinary charges	0	0%	0	0%	0	26	0%
Extraordinary profit/loss	0	0%	0	0%	8 000	0	0%
Net result	-6 100 000	-419,7%	1 908 000	-40,2%	3 189 000	22 985,50	-26638,5%

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	348 931 000	-10,4%	389 383 000	-10,8%	436 494 000
	Gross	CO	348 942 000	-10,4%	389 394 000	-10,8%	436 505 000
	Amortisation	1A	11 000	0%	11 000	0%	11 000

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	0	0%	0	0%	0
	Gross	BJ	11 000	0%	11 000	0%	11 000
	Amortisation	BK	11 000	0%	11 000	0%	11 000

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	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	0	0%	0
	Gross	AF	0	0%	0	0%	0
	Amortisation	AG	0	0%	0	0%	0
	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	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	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	0	0%	0	0%	0

Tangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	0	0%	0	0%	0
	Gross	AR	0	0%	0	0%	0
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	0	0%	0	0%	0
	Gross	AT	11 000	0%	11 000	0%	11 000
	Amortisation	AU	11 000	0%	11 000	0%	11 000
	Fixed assets in construction	Net	0	0%	0	0%	0
	Gross	AV	0	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	0		0		0

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	0	0%	0	0%	0
	Gross	BH	0	0%	0	0%	0
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		0		0		0

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	348 932 000	-10,4%	389 383 000	-10,8%	436 494 000
	Gross	CJ	348 932 000	-10,4%	389 383 000	-10,8%	436 494 000
	Amortisation	CK	0	0%	0	0%	0

Stocks

			31/12/2012		31/12/2011		31/12/2010
	Raw materials	Net	0	0%	0	0%	0
	Gross	BL	0	0%	0	0%	0
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	0	0%	0	0%	0

Advance payments to suppliers

			31/12/2012		31/12/2011		31/12/2010
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2012		31/12/2011		31/12/2010
	Trade accounts receivable	Net	223 001 000	-13,1%	256 568 000	-5,7%	272 009 000
	Gross	BX	223 001 000	-13,1%	256 568 000	-5,7%	272 009 000
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	120 110 000	-1,2%	121 562 000	-23,7%	159 317 000
	Gross	BZ	120 110 000	-1,2%	121 562 000	-23,7%	159 317 000
	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	343 111 000	-9,3%	378 130 000	-12,3%	431 326 000

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	4 386 000	-60,7%	11 174 000	128,9%	4 881 000
	Gross	CF	4 386 000	-60,7%	11 174 000	128,9%	4 881 000
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	4 386 000	-60,7%	11 174 000	128,9%	4 881 000

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2010
	Prepaid expenses	Net	1 435 000	1716,5%	79 000	-72,5%	287 000
	Gross	CH	1 435 000	1716,5%	79 000	-72,5%	287 000
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

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

References

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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	348 933 000	-10,4%	389 383 000	-10,8%	436 494 000

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	-6 052 000	-190,2%	6 706 000	39,8%	4 798 000
	Equity and shareholders' equity	DA	42 000	0%	42 000	0%	42 000
	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	4 000	0%	4 000	0%	4 000
	Statutory or contractual reserve	DE	2 000	0%	2 000	0%	2 000
	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	0	0%	4 750 000	204,3%	1 561 000
	Profit or loss for the period	DI	-6 100 000	-419,7%	1 908 000	-40,2%	3 189 000
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2012		31/12/2011		31/12/2010
	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		31/12/2011		31/12/2010
	Total provisions for risks and charges (Total III)	DR	0	0%	0	0%	0
	Risk provisions	DP	0	0%	0	0%	0
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2012		31/12/2011		31/12/2010
	Total Liabilities (Total IV)	EC	354 985 000	-7,2%	382 677 000	-11,4%	431 696 000
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	0	0%	0
	Sundry loans and financial liabilities	DV	0	0%	0	0%	0
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	326 838 000	-7,1%	351 699 000	-11,9%	399 358 000
	Tax and social security liabilities	DY	2 256 000	23,8%	1 822 000	-78,1%	8 335 000
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	25 891 000	-11,2%	29 156 000	21,5%	24 003 000

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

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

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	382 677 000	-11,4%	431 695 000
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Result account

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

1- Operating result (I-II)

		31/12/2012		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	5 222 000	177,5%	-6 738 000	-936,0%	806 000

2- Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-11 323 000	-217,3%	9 650 000	652,7%	1 282 000

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	-6 101 000	-309,5%	2 912 000	39,5%	2 088 000

4- Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	0	0%	0	0%	8 000

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	-6 100 000	-419,7%	1 908 000	-40,2%	3 189 000

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	2 249 125 000	-13,6%	2 602 886 000	9,0%	2 388 734 000

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	2 255 226 000	-13,3%	2 600 978 000	9,0%	2 385 544 000

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	2 229 791 000	-12,6%	2 550 009 000	8,9%	2 342 168 000

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	Sale of goods for resale	FC	2 229 168 000	-12,5%	2 548 507 000	8,9%	2 340 741 000
	France	FA	2 229 168 000	-12,5%	2 548 507 000	729,3%	307 309 000
	Export	FB	0	0%	0	0%	2 033 432 000
	Sale of goods produced	FF	360 000	-73,3%	1 349 000	0%	0
	France	FD	360 000	-73,3%	1 349 000	0%	0
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	0	0%	0	0%	754 000
	France	FG	0	0%	0	0%	205 000
	Export	FH	0	0%	0	0%	549 000
	Net turnover	FL	2 229 528 000	-12,6%	2 549 856 000	8,9%	2 341 495 000
	France	FJ	2 229 528 000	-12,6%	2 549 856 000	729,2%	307 514 000
	Export	FK	0	0%	0	0%	2 033 981 000
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	0	0%	0	0%	0
	Other income	FQ	263 000	71,9%	153 000	-77,3%	673 000

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	2 224 569 000	-13,0%	2 556 747 000	9,2%	2 341 362 000

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	2 206 861 000	-12,8%	2 531 747 000	9,2%	2 318 214 000
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	17 425 000	-29,7%	24 783 000	8,6%	22 827 000
Tax, duty and similar payments	FX	225 000	61,9%	139 000	-41,4%	237 000
Payroll	FY	0	0%	0	0%	0
Social security costs	FZ	0	0%	0	0%	0

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	0	0%	0	0%	0
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	78 000	0%	0

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	58 000	0%	0	0%	84 000

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	19 334 000	-63,4%	52 877 000	13,6%	46 558 000
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	8 455 000	-43,3%	14 920 000	9,9%	13 581 000
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	10 879 000	-71,3%	37 957 000	15,1%	32 977 000
	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	30 657 000	-29,1%	43 227 000	-4,5%	45 276 000
	Financial reserves and provisions	GQ	0	0%	8 634 000	0%	0
	Interest and similar charges	GR	8 335 000	-75,9%	34 593 000	306,1%	8 518 000
	Exchange losses	GS	22 322 000	0%	0	0%	36 758 000
	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	0	0%	0	0%	8 000
	Extraordinary operating income	HA	0	0%	0	0%	8 000
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	0	0%	0	0%	0
	Extraordinary operating charges	HE	0	0%	0	0%	0
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	0	0%	1 004 000	191,8%	-1 094 000

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	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomes tax return forms

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

Fixed Assets

Grand Total Fixed Assets (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	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		31/12/2011		31/12/2010
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

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

Premium refund of obligations

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

Provisions included in balance sheet

Grand Total (I-II-III)

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

Includes Total allocations

Operating	UE	0	0%	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%	431 613 000
1 year at most	VU	0	0%	0	0%	431 613 000
More than one year	VV	0	0%	0	0%	0

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%	0
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%	0
Other claims customer	UX	0	0%	0	0%	272 009 000
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%	159 317 000

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	0	0%	0	0%	287 000

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	0	0%	0	0%	431 696 000
1 year at most		VZ2	0	0%	0	0%	431 696 000
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%	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%	399 358 000
1 year at most		8B2	0	0%	0	0%	399 358 000
More than 1 year and 5 years at most		8B3	0	0%	0	0%	399 358 000
	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%	8 335 000
1 year at most		8D2	0	0%	0	0%	8 335 000
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%	24 003 000
1 year at most		8K2	0	0%	0	0%	24 003 000
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Loans made during the period	VJ	0	0%	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		31/12/2011		31/12/2010
Dividends	ZE	0	0%	0	0%	0

Commitments

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

Other charges Externes

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

Taxes and Fees

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

VAT

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

Average number of employees

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

Groups and Shareholders

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

Display parameter
Comparison mode	Average	Median

Ratios

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

Structure and Liquidity

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Fixed Asset Financing		-549,18	-189,9%	610,64	39,7%	437,18	3,54	-15613,6%
Global Debt		57 days	5,6%	54 days	-18,2%	66 days	103 days	-44,7%
Working Capital Fund overall net		-1 days	-200%	1 days	0%	1 days	81 days	-101,2%
Financial independence		%	-	%	-	%	2064,29%	-
Solvability		-1,73%	-200,6%	1,72%	56,4%	1,10%	47,03%	-103,7%
Capacity debt futures		%	-	%	-	%	5850,49%	-
Coverage of current assets by net working capital overall		-1,74%	-201,2%	1,72%	56,4%	1,10%	48,53%	-103,6%
General Liquidity			-		-	1	0,95	-
Restricted Liquidity			-		-	1,01	1,58	-

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital		-2 days	-100%	-1 days	0%	0 days	27 days	-107,4%
Treasury		1 days	-50,0%	2 days	100%	1 days	20 days	-95,0%
Inventory turnover of goods		0 days	0%	0 days	0%	0 days	8 days	0%
Average length of credit granted to customers		36 days	0%	36 days	-14,3%	42 days	54 days	-33,3%
Average length of credit obtained suppliers		53 days	6,0%	50 days	-18,0%	61 days	45,50 days	16,5%
Inventory turnover of raw materials in industrial enterprises		days	-	days	-	0 days	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	916 days	-
Rotation tangible assets		%	-	%	-	%	2600,67%	-

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading		1%	51,5%	0,66%	-31,2%	0,96	0%	0%
Profitability of the business		0,23	185,2%	-0,27	-2800%	0,01	6,03%	-96,2%
Net profit		-0,27%	-485,7%	0,07%	-50,0%	0,14%	5,13%	-105,3%
Growth rate of turnover (excluding VAT)		-12,56%	-241,1%	8,90%	-83,0%	52,45%	-0,47%	-2572,3%
Rates integration		0,24%	192,3%	-0,26%	-1400%	0,02%	44,23%	-99,5%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		0%	0%	0%	0%	0%	64,95%	0%
Weight interests		1,38	-18,8%	1,70%	-11,9%	1,93%	0,10%	1280,0%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability		-0,27%	-165,9%	0,41%	192,9%	0,14%	6,42%	-104,2%
Rates of economic profitability		-83%	18,6%	-102%	-2140,0%	5%	13,06%	-735,5%
Financial profitability		-6052000%	-190,2%	6706000%	39,8%	4798000%	103378%	-5954,2%
Return on investment		-405,77%	-160,3%	673,05%	-33,4%	1010,11%	13%	-3221,3%

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	2 229 528 000	-12,6%	2 549 856 000	8,9%	2 341 495 000	491 364 €	453642,2%

Sales of goods	2 229 168 000	-12,5%	2 548 507 000	8,9%	2 340 741 000
- Purchase of goods	2 206 861 000	-12,8%	2 531 747 000	9,2%	2 318 214 000
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	22 307 000 €	33,1%	16 760 000 €	-25,6%	22 527 000 €	0 €	0%
	1,00 % CA	51,5%	0,66 % CA	-31,2%	0,96 % CA	0 % CA	0%

Sale of goods produced	360 000	-73,3%	1 349 000	78,9%	754 000
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	360 000 €	-73,3%	1 349 000 €	78,9%	754 000 €	183 078 €	96,6%
	0,02 % CA	-60,0%	0,05 % CA	66,7%	0,03 % CA	100 % CA	-100,0%

Trading margin	22 307 000	33,1%	16 760 000	-25,6%	22 527 000	0	0%
+ Period Production	360 000	-73,3%	1 349 000	78,9%	754 000	183 078	96,6%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	17 425 000	-29,7%	24 783 000	8,6%	22 827 000
Added value	5 242 000 €	178,5%	-6 674 000 €	-1570,0%	454 000 €	169 426,50 €	2994,0%
	0,24 % CA	192,3%	-0,26 % CA	-1400%	0,02 % CA	44,23 % CA	-99,5%

Added value	5 242 000 €	178,5%	-6 674 000 €	-1570,0%	454 000 €	169 426,50 €	2994,0%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	225 000	61,9%	139 000	-41,4%	237 000
- Personal charges	0	0%	0	0%	0
Gross operating surplus	5 017 000 €	173,6%	-6 813 000 €	-3239,6%	217 000 €	26 860,50 €	18578,0%
	0,23 % CA	185,2%	-0,27 % CA	-2800%	0,01 % CA	6,03 % CA	-96,2%

Gross operating surplus	5 017 000 €	173,6%	-6 813 000 €	-3239,6%	217 000 €	26 860,50 €	18578,0%
+ Release of reserves and provisions	0	0%	0	0%	0
+ Other operating income	263 000	71,9%	153 000	-77,3%	673 000
- Depreciation/Amortisation	0	0%	78 000	0%	0
- Other charges	58 000	0%	0	0%	84 000
Operating result	5 222 000 €	177,5%	-6 738 000 €	-936,0%	806 000 €	25 897,50 €	20064,1%
	0,23 % CA	188,5%	-0,26 % CA	-966,7%	0,03 % CA	6,10 % CA	-96,2%

Operating result	5 222 000 €	177,5%	-6 738 000 €	-936,0%	806 000 €	25 897,50 €	20064,1%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	19 334 000	-63,4%	52 877 000	13,6%	46 558 000
- Financial charges	30 657 000	-29,1%	43 227 000	-4,5%	45 276 000
Pre-tax result	-6 101 000 €	-309,5%	2 912 000 €	39,5%	2 088 000 €	26 925 €	-22759,2%
	-0,27 % CA	-345,5%	0,11 % CA	22,2%	0,09 % CA	6,17 % CA	-104,4%

Extraordinary income	0	0%	0	0%	8 000	0	0%
- Extraordinary charges	0	0%	0	0%	0
Extraordinary result	0 €	0%	0 €	0%	8 000 €	0 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	-6 101 000 €	-309,5%	2 912 000 €	39,5%	2 088 000 €	26 925 €	-22759,2%
Extraordinary result	0 €	0%	0 €	0%	8 000 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	0	0%	1 004 000	191,8%	-1 094 000
Net result	-6 101 000 €	-419,8%	1 908 000 €	-40,2%	3 190 000 €	22 986,50 €	-26641,7%
	-0,27 % CA	-485,7%	0,07 % CA	-50,0%	0,14 % CA	5,25 % CA	-105,1%

Commentary

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.
	Negative shareholders equity
	The return on total assets employed is -1,75
	The ratio total assets to total liabilities is 0,98
	The shareholder's equity is -6,052,000 €
	The pre-tax profit is -6,100,000 €
	The risk provisions are 0 €
	The company has 1 director(s)
	Department code with low risk rating
	Industry code with low risk rating
	Low risk workforce size
	The total assets are 348,931,000 €
	The net turnover is 2,229,528,000 €
	The net current assets are 348,932,000 €
	The liabilities are 354,985,000 €
	The stock to turnover ratio is 0
	The creditor days are 53.51
	The sales to current assets ratio is 6,39

Payment Information Summary - Trade Payment Data

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judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

Ultimate parent company	APERAM
Direct parent	APERAM STAINLESS FRANCE - 95 %
Group – Number of companies	27
Linkages – Number of companies	1
Number of countries	1

Group Structure

Company Name	SIREN	Parts	Rating	Limit	Last account published
APERAM	B155908	-	49	11 000 000 €	31/12/2012
APERAM SOUTH AMERICA	-	100%	NC	-	-
APERAM STAINLESS SERVICES & SOLUTION...	HRB 12631	100%	85	1 550 000 €	31/12/2012
APERAM STAINLESS SERVICES & SOLUTION...	US00810977	100%	39	900 $	-
APERAM STAINLESS BELGIUM	-	100%	NC	-	-
ARCELORMITTAL BIOENERGIA LTDA	-	36.50%	NC	-	-
APERAM STAINLESS FRANCE	501651616	100%	100	2 550 000 €	31/12/2011
IMHUA SPECIAL METAL CO. LTD	-	65%	NC	-	-
APERAM STAINLESS SCE & SOLUTIONS I...	390216570	100%	75	150 000 €	31/12/2012
APERAM ALLOYS IMPHY	440326692	100%	98	4 200 000 €	31/12/2012
APERAM ALLOYS AMILLY	612013268	100%	75	155 000 €	31/12/2012
APERAM ALLOYS SERVICE	340429620	99.99%	75	185 000 €	31/12/2012
APERAM ALLOYS RESCAL	326144490	100%	75	385 000 €	31/12/2012
APERAM STAINLESS SERVICES & SOLUTI...	399403435	100%	67	1 250 000 €	31/12/2010
APERAM STAINLESS SCE SOLUTION TUBE...	485720015	100%	48	195 000 €	31/12/2012
MEUSIENNE D'ITALIA	-	100%	NC	-	-
APERAM STAINLESS SCE & SOLUTION ...	433986536	100%	55	115 000 €	31/12/2011
APERAM STAINLESS EUROPE	303284269	95%	19	0 €	31/12/2012
UGINE IBERICA S.A.	-	100%	NC	-	-
UGINE ITALIA SRL	-	100%	NC	-	-
APERAM STAINLESS SCE & SOLUT PRECI...	410436265	100%	55	410 000 €	31/12/2011
APERAM TREASURY SNC	528617004	Majority	27	0 €	-
RECYCO	538842188	100%	28	0 €	-
APERAM STAINLESS SERVICES & SOLUTIONS IT...	-	100%	NC	-	-
ARCELORMITTAL INOX BRAZIL SERVICOS	-	100%	NC	-	-
ARCELORMITTAL INOX BRAZIL TUBOS	-	100%	NC	-	-
ARCELORMITTAL STAINLESS AUTOMOTIVE TUBE ...	-	100%	NC	-	-

Linkages

Ultimate parent company		APERAM
Direct parent		APERAM STAINLESS FRANCE - 95 %
Group – Number of companies		27
Linkages – Number of companies		1
Number of countries		1
Company Name	Safe Number		SIREN	Last account	Rating	Limit	Turnover
APERAM HOLDCO S.À R.L.	-		-	-		-	-

event history

Status history

Date	Description
12/11/2012	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
31/10/2013	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 13804 - 303284269 RCS. Aperam Stainless Europe. Forme : Société par actions simplifiée. Adresse : 30 avenue des Fruitiers 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
23/12/2012	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 2522 - 303 284 269 RCS Bobigny. APERAM STAINLESS EUROPE. Forme : Société par actions simplifiée. Activité : . Adresse du siège social : 30 avenue des Fruitiers, 93200 Saint-Denis. Commentaires : Modification de la forme juridique. Modification de l'adresse du siège.
12/12/2012	JAL	Head Office Transfer
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 12/11/2012 Transfert du siège social de la société 303284269 -  APERAM STAINLESS EUROPE, COMPAGNIE POUR LA VENTE DES ACIERS FINS COVEFI Adresse du nouveau siège : 30 AVENUE DES FRUITIERS, 93210 ST DENIS Ancienne localisation : 1 RUE LUIGI CHERUBINI, 1 A 5, SAINT DENIS, 93210 SAINT DENIS Date d'effet : 12/11/2012
03/09/2012	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 11767 - 303284269 RCS. Aperam Stainless Europe. Forme : Société par actions simplifiée. Adresse : 1 à 5 rue Luigi Cherubini Saint-Denis 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
26/10/2011	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 3483 - 303 284 269 RCS Bobigny. APERAM STAINLESS EUROPE. Forme : Société par actions simplifiée. Administration : Président : ROUFFIAC Jean-Paul modification le 18 Octobre 2011 Commissaire aux comptes suppléant : BEAS en fonction le 09 Octobre 2008 Commissaire aux comptes titulaire : DELOITTE & ASSOCIES en fonction le 09 Octobre 2008. Activité : . Commentaires : Modification de la forme juridique. Modification de représentant.
12/10/2011	JAL	Resignation / Revocation of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 22/06/2011 La société 303284269 - APERAM STAINLESS EUROPE, COMPAGNIE POUR LA VENTE DES ACIERS FINS COVEFI, 1 RUE LUIGI CHERUBINI, 1 A 5, SAINT DENIS, 93210 SAINT DENIS Fait l'objet du départ de Monsieur Timoteo DI MAULO Monsieur Pierre-Christophe CAILLE Monsieur Guillaume BAZETOUX Date d'effet : 01/07/2011
04/03/2011	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 1595 - 303 284 269 RCS Bobigny. ARCELORMITTAL - STAINLESS EUROPE. Forme : Société anonyme. Administration : Président du c. a. directeur général et administrateur : ROUFFIAC Jean-Paul modification le 09 Janvier 2008 Commissaire aux comptes suppléant : BEAS en fonction le 09 Octobre 2008 Commissaire aux comptes titulaire : DELOITTE & ASSOCIES en fonction le 09 Octobre 2008 Administrateur : DI MAULO Timoteo en fonction le 21 Décembre 2009 Administrateur : CAILLE Pierre Christophe en fonction le 21 Décembre 2009 Administrateur : BAZETOUX Guillaume en fonction le 24 Février 2011. Activité : . Commentaires : Modification de représentant.
04/03/2011	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 1596 - 303 284 269 RCS Bobigny. APERAM STAINLESS EUROPE. Forme : Société anonyme. Activité : . Commentaires : Modification du nom, nom d'usage, prénom ou de la dénomination.
11/10/2010	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 13246 - 303284269 RCS. ArcelorMittal - Stainless Europe. Forme : Société anonyme. Adresse : 1 à 5 rue Luigi Cherubini Saint-Denis 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
15/01/2010	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 10508 - 303284269 RCS. ArcelorMittal - Stainless Europe. Forme : Société anonyme. Adresse : 1 à 5 rue Luigi Cherubini Saint-Denis 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
03/01/2010	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 2374 - 303 284 269 RCS Bobigny. ARCELORMITTAL - STAINLESS EUROPE. Forme : Société anonyme. Administration : Administrateur : GILET Jean-Yves modification le 09 Janvier 2008 Président du c. a. directeur général et administrateur : ROUFFIAC Jean-Paul modification le 09 Janvier 2008 Commissaire aux comptes suppléant : BEAS en fonction le 09 Octobre 2008 Commissaire aux comptes titulaire : DELOITTE & ASSOCIES en fonction le 09 Octobre 2008 Administrateur : DI MAULO Timoteo en fonction le 21 Décembre 2009 Administrateur : CAILLE Pierre Christophe en fonction le 21 Décembre 2009. Commentaires : Modification de représentant.
08/12/2009	JAL	Resignation / Revocation of the social representative
LES PETITES AFFICHES Date de décision : 29/06/2009 La société 303284269 - ARCELORMITTAL - STAINLESS EUROPE, COVEFI, 1 RUE LUIGI CHERUBINI, 1 A 5, SAINT DENIS, 93210 SAINT DENIS Fait l'objet du départ de Monsieur Noël DANEL
08/12/2009	JAL	Resignation / Revocation of the social representative
LES PETITES AFFICHES Date de décision : 29/06/2009 La société 303284269 - ARCELORMITTAL - STAINLESS EUROPE, COVEFI, 1 RUE LUIGI CHERUBINI, 1 A 5, SAINT DENIS, 93210 SAINT DENIS Fait l'objet du départ de Monsieur Pascal PAYET-GASPARD
08/12/2009	JAL	Appointment of the social representative
LES PETITES AFFICHES Société faisant objet d'une nomination : 303284269 - ARCELORMITTAL - STAINLESS EUROPE, COVEFI, 1 RUE LUIGI CHERUBINI, 1 A 5, SAINT DENIS, 93210 SAINT DENIS Nominé : Monsieur Timoteo DI MAULO, 1 RUE 1 RUE FRANKLIN, 78100 ST GERMAIN EN LAYE En la fonction de : Administrateur
08/12/2009	JAL	Appointment of the social representative
LES PETITES AFFICHES Société faisant objet d'une nomination : 303284269 - ARCELORMITTAL - STAINLESS EUROPE, COVEFI, 1 RUE LUIGI CHERUBINI, 1 A 5, SAINT DENIS, 93210 SAINT DENIS Nominé : Monsieur Pierre CAILLE, 5 ALLEE 5 ALLEE SAINT PIERRE, 59130 LAMBERSART En la fonction de : Administrateur
31/10/2008	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 10110 - 303284269 RCS. ArcelorMittal - Stainless Europe. Forme : Société anonyme. Adresse : 1 à 5 rue Luigi Cherubini 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
19/10/2008	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 2746 - 303 284 269 RCS Bobigny. ARCELORMITTAL - STAINLESS EUROPE. Forme : Société anonyme. Administration : Administrateur : PAYET-GASPARD Michel Pascal Andre. Administrateur : GILET Jean-Yves modification le 09 Janvier 2008. Administrateur : DANEL Noël. Président du c. a. directeur général et administrateur : ROUFFIAC Jean-Paul modification le 09 Janvier 2008. Commissaire aux comptes suppléant : BEAS en fonction le 09 Octobre 2008. Commissaire aux comptes titulaire : DELOITTE & ASSOCIES en fonction le 09 Octobre 2008. Commentaires : Modification du nom, nom d'usage, prénom ou de la dénomination. Modification de représentant.
12/07/2008	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 10469 - 303284269 RCS. ArcelorMittal - Stainless Europe. Forme : Société anonyme. Adresse : 1 à 5 rue Luigi Cherubini 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
10/02/2008	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 4427 - 303 284 269 RCS Bobigny. ARCELORMITTAL - STAINLESS EUROPE. Forme : Société anonyme. Commentaires : Modification du nom ou de la dénomination.
23/01/2008	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 1907 - 303 284 269 RCS Bobigny. UGINE & ALZ SA. Forme : Société anonyme. Administration : Administrateur : PAYET-GASPARD Michel Pascal Andre. Commissaire aux comptes suppléant : SCP DE COMMISSAIRES AUX COMPTES JEAN CLAUDE ANDRE ET AUTRES. Commissaire aux comptes titulaire : KPMG AUDIT, DEPARTEMENT KPMG SA. Administrateur : GILET Jean-Yves modification le 09 Janvier 2008. Administrateur : DANEL Noël. Président du c. a. directeur général et administrateur : ROUFFIAC Jean-Paul modification le 09 Janvier 2008. Commentaires : Modification de représentant.
23/01/2008	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 1908 - 303 284 269 RCS Bobigny. UGINE & ALZ SA. Forme : Société anonyme. Administration : Administrateur : PAYET-GASPARD Michel Pascal Andre. Commissaire aux comptes suppléant : SCP DE COMMISSAIRES AUX COMPTES JEAN CLAUDE ANDRE ET AUTRES. Commissaire aux comptes titulaire : KPMG AUDIT, DEPARTEMENT KPMG SA. Administrateur : GILET Jean-Yves modification le 09 Janvier 2008. Administrateur : DANEL Noël. Président du c. a. directeur général et administrateur : ROUFFIAC Jean-Paul modification le 09 Janvier 2008. Commentaires : Modification de représentant.
22/12/2006	Bodacc C	Avis de dépôt des comptes
7169 - RCS Bobigny B 303 284 269. RC 06-B 3196. UGINE & ALZ SA. Forme: S.A. Adresse du siège social: 1, A 5 rue Luigi Cherubini,Saint Denis, 93200 Saint-Denis. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
22/06/2006	Bodacc B	Modifications et mutations diverses
2676 - RCS B 303 284 269. RC 06-B 3196. UGINE & ALZ S.A. Forme : S.A. Capital : 42 000 euros. Adresse du siège social : 1-5 rue Luigi-Cherubini, 93200 Saint-Denis. Administration : administrateurs : PAYET-GASPARD (Michel, Pascal, André) BOUSQUET (Bernard, Célestin, Denis). Commissaire aux comptes suppléant : S.C.P. DE COMMISSAIRES AUX COMPTES JEAN-CLAUDE ANDRE ET AUTRES. Commissaire aux comptes titulaire : K.P.M.G. AUDIT, DEPARTEMENT K.P.M.G. S.A. P.-D.G. et administrateur : GILET (Jean-Yves). Administrateur : DANEL (Noël). Etablissement principal - Activité : toutes opérations commerciales, notamment, commerce de produits, de sous-produits sidérurgiques et métallurgiques de toute nature en particulier, de tous produits plats d'acier inoxydable, en tous états de leur fabrication. Commerce de tous produits industriels de base et de leurs sous-produits . Adresse : 1-5 rue Luigi-Cherubini, 93200 Saint-Denis. Commentaires : cette société transfère son siège de l'immeuble Le Pacific, 13 cours Valmy, La Défense 7, 92800 Puteaux. Date de début d'activité : 23 avril 1963.
02/05/2006	Bodacc B	Modifications et mutations diverses
2496 - RCS Nanterre B 303 284 269. RC 88-B 4358. UGINE & ALZ S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : P.-D.G. et administrateur partant : DARMAYAN (Philippe, Marc). Nomination du P.-D.G. et administrateur : GILET (Jean-Yves). Nomination d'un administrateur : DANEL (Noël).
16/02/2006	Bodacc C	Avis de dépôt des comptes
2511 - RCS Nanterre B 303 284 269. RC 88-B 4358. UGINE & ALZ SA. Forme: S.A. Adresse du siège social: immeuble Pacific 13, cours Valmy,la Défense 7, 92800 Puteaux. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
16/04/2005	Bodacc C	Avis de dépôt des comptes
4535 - RCS Nanterre B 303 284 269. RC 88-B 4358. UGINE & ALZ SA. Forme: S.A. Adresse du siège social: immeuble Pacific 13, cours Valmy,la Défense 7, 92800 Puteaux. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
20/11/2002	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 303284269 RC 88-B 4358 UGINE & ALZ S.A. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes titulaire partant : DELOITTE TOUCHE TOHMATSU. Nomination d'un commissaire aux comptes suppléant : S.C.P. DE COMMISSAIRES AUX COMPTES JEAN CLAUDE ANDRE ET AUTRES.
20/11/2002	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 303284269 RC 88-B 4358 UGINE & ALZ S.A. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes suppléant partant : BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES. Nomination d'un commissaire aux comptes titulaire : K.P.M.G. AUDIT DEPARTEMENT K.P.M.G. S.A.
20/11/2002	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 303284269 RC 88-B 4358 UGINE & ALZ S.A. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. et administrateur partant : MARTEL ( Gérard, Robert). Nomination du P.-D.G. et administrateur : DARMAYAN (Philippe, Marc).
07/06/2002	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 303284269 RC 88-B 4358 UGINE & ALZ S.A. Forme : S.A. Activité : toutes opérations commerciales, notamment commerce de produits, de sous- produits sidérurgiques et métallurgiques de toute nature en particulier de tous produits plats en acier inoxydable, en tous états de leur fabrication. Commerce de tous produits industriels de base et leurs sous- produits. Commentaires : modification survenue sur la dénomination, le sigle ( suppression), la forme juridique, l' activité et l'administration. Administration : associés en nom partants : L'EQUIPEMENT PAR L'ACIER INOXYDABLE USINOR. Gérant non associé partant : EDELMANN (Alain, Daniel, Georges). Nomination d'administrateurs : PAYET-GASPARD (Michel, Pascal, André) VAN DER VURST (Robert, Franciscus, Marie). Nomination du P.-D.G. et administrateur : MARTEL (Gérard, Robert) . Nomination d'un administrateur : BOUSQUET (Bernard, Célestin, Denis).
22/11/2000	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 303284269 RC 88-B 4358 COMPAGNIE POUR LA VALORISATION DES ENGAGEMENTS FINANCIERS SOCIETE EN NOM COLLECTIF. Sigle : COVEFI S.N.C. Forme : S. N.C. Capital : 42 000 euros. Commentaires : modification survenue sur le capital ( augmentation).
16/01/2000	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 303284269 RC 88-B 4358 COMPAGNIE POUR LA VALORISATION DES ENGAGEMENTS FINANCIERS SOCIETE EN NOM COLLECTIF. Sigle : COVEFI S.N.C. Forme : S. N.C. Commentaires : modification survenue sur l'administration. Administration : nomination du gérant non associé : EDELMANN (Alain, Daniel, Georges). Gérant partant : DUJARDIN (Jean-Didier). Commissaire aux comptes titulaire partant : CALAN RAMOLINO ET ASSOCIES. Nomination du commissaire aux comptes titulaire : DELOITTE TOUCHE TOHMATSU. Commissaire aux comptes suppléant partant : DE CALAN (Gilles). Nomination du commissaire aux comptes suppléant : BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES.
17/10/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Nanterre B 303 284 269 RC RC 88-B 4358 COMPAGNIE POUR LA VALORISATION DES ENGAGEMENTS FINANCIERS S.N.C. Sigle : COVEFI. S.N.C. Forme : S.N.C. Administration : suppression : associé : UGINE S.A. Nomination en qualité d' associé en nom : USINOR. Modification associé en nom : L'EQUIPEMENT PAR L' ACIER INOXYDABLE. Commentaires : modification survenue sur l' administration.
05/08/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Nanterre B 303 284 269 RC RC 88-B 4358 COMPAGNIE POUR LA VALORISATION DES ENGAGEMENTS FINANCIERS S.N.C. Sigle : C.O.V.E.F.I. S.N.C. Forme : S.N.C. Commentaires : modification survenue sur la dénomination et le sigle.
08/11/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Nanterre B 303 284 269 RC RC 88-B 4358 COMPAGNIE POUR LA VENTE DES ACIERS FINS CO.VE.FI. Forme : S.N.C. Adresse du siège social : immeuble Pacific, 13, cours Valmy, La Défense-7 92800 Puteaux Etablissement principal: Adresse : immeuble Pacific, 13, cours Valmy, La Défense-7 92800 Puteaux. Administration : gérant : DUJARDIN ( Jean-Didier). Associés : UGINE S.A. L'EQUIPEMENT PAR L'ACIER INOXYDABLE. Commissaire aux comptes titulaire : CALAN RAMOLINO ET ASSOCIES. Commissaire aux comptes suppléant : DE CALAN (Gilles). Commentaires : modification survenue sur l'adresse du siège social, de l'établissement principal et l'administration.

Company events history

Date	Description
26/11/2013	Update Limit
26/11/2013	Update Rating
26/11/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/10/2013	Bodacc C : Deposit accounts notice
20/10/2013	Update Rating
20/10/2013	Update Limit
14/10/2013	Update Limit
14/10/2013	Update Rating
12/06/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
23/12/2012	Bodacc B: Various editing or changing
14/12/2012	Amendment
14/12/2012	Registered office transferred inside jurisdiction of the Commercial Court
14/12/2012	Updated articles of association
12/12/2012	Legal Gazette: Head Office Transfer
12/11/2012	Transfer of Establishment
12/11/2012	Update of Company Head Office Identifier
03/09/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
18/11/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
26/10/2011	Bodacc B: Various editing or changing
18/10/2011	New legal form – new category
18/10/2011	Minutes of general meeting of shareholders
18/10/2011	Audit or Management Report
18/10/2011	Updated articles of association
12/10/2011	Legal Gazette: Resignation / Revocation of the social representative
05/09/2011	Bodacc C : Deposit accounts notice
02/09/2011	Disengagement of the group
02/09/2011	New ultimate parent
02/09/2011	New parent detected
01/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
22/06/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
04/03/2011	Bodacc B: Various editing or changing
24/02/2011	New company name
24/02/2011	Changes to the Board of Directors
24/02/2011	Updated articles of association
24/02/2011	Amendment
24/02/2011	Minutes of general meeting of shareholders
31/12/2010	New accounts available
11/10/2010	Bodacc C : Deposit accounts notice
15/01/2010	Bodacc C : Deposit accounts notice
03/01/2010	Bodacc B: Various editing or changing
31/12/2009	New accounts available
21/12/2009	Modification du Conseil d'Administration
21/12/2009	Acte modificatif
21/12/2009	Changes to the Board of Directors
21/12/2009	Amendment
08/12/2009	Legal Gazette: Resignation / Revocation of the social representative
29/06/2009	Legal Gazette: Appointment of the social representative
31/12/2008	New accounts available
31/10/2008	Bodacc C : Deposit accounts notice
19/10/2008	Bodacc B: Various editing or changing
19/10/2008	New Bodacc B ads detected
09/10/2008	Minutes of general meeting of shareholders
09/10/2008	PV d'Assemblée
09/10/2008	Changement de Commissaire aux Comptes
09/10/2008	New auditor
09/10/2008	Private document
09/10/2008	Appointment/resignation of company officers
12/07/2008	Bodacc C : Deposit accounts notice
10/02/2008	New Bodacc B ads detected
10/02/2008	Bodacc B: Various editing or changing
24/01/2008	Updated articles of association
24/01/2008	Statuts mis à jour
24/01/2008	Minutes of general meeting of shareholders
24/01/2008	PV d'Assemblée
24/01/2008	Private document
24/01/2008	Changement de dénomination sociale
24/01/2008	New company name
23/01/2008	Bodacc B: Various editing or changing
23/01/2008	New Bodacc B ads detected
09/01/2008	Appointment/resignation of company officers
09/01/2008	Minutes of Board meeting
09/01/2008	Modification du Conseil d'Administration
09/01/2008	New chairman (CEO, CoB)
09/01/2008	Changement de Président (PDG, PCA)
09/01/2008	PV du Conseil d'Administration
09/01/2008	Acte modificatif
09/01/2008	Private document
31/12/2007	New accounts available
31/12/2006	New accounts available
25/09/2006	Private document
25/09/2006	Appointment/resignation of company officers
25/09/2006	Minutes of general meeting of shareholders
25/09/2006	Statuts mis à jour
25/09/2006	Updated articles of association
25/09/2006	Changes to the Board of Directors
25/09/2006	PV d'Assemblée
31/05/2006	Transfert du Siège dans le ressort du Tribunal de Commerce
31/05/2006	Registration after transfer
31/05/2006	Private document
31/05/2006	PV du Conseil d'Administration
31/05/2006	Minutes of Board meeting
31/05/2006	Statuts mis à jour
31/05/2006	Updated articles of association
31/05/2006	Acte modificatif
11/04/2006	PV du Conseil d'Administration
11/04/2006	Private document
11/04/2006	Changes to the Board of Directors
11/04/2006	Minutes of Board meeting
11/04/2006	Changement de Président (PDG, PCA)
11/04/2006	Modification du Conseil d'Administration
11/04/2006	Acte modificatif
11/04/2006	New chairman (CEO, CoB)
11/04/2006	Appointment/resignation of company officers
31/12/2005	New accounts available
31/12/2004	New accounts available
28/12/2004	Continuation of business despite loss of equity
28/12/2004	Continuation malgré perte supérieure à la moitié du capital
28/12/2004	Acte sous seing privé
28/12/2004	Private document
28/12/2004	Minutes of general meeting of shareholders
28/12/2004	Minutes of Board meeting
28/12/2004	PV d'Assemblée
28/12/2004	PV du Conseil d'Administration
28/12/2004	Acte modificatif
31/12/2003	New accounts available
06/11/2002	Nomination/démission des organes de gestion
06/11/2002	PV du Conseil d'Administration
06/11/2002	Acte sous seing privé
06/11/2002	Changement de Président (PDG, PCA)
06/11/2002	Acte modificatif
06/11/2002	PV d'Assemblée
06/11/2002	Modification du Conseil d'Administration
06/11/2002	Changement de Commissaire aux Comptes
24/05/2002	PV du Conseil d'Administration
24/05/2002	PV d'Assemblée
24/05/2002	Nomination/démission des organes de gestion
24/05/2002	Acte sous seing privé
24/05/2002	Modification du Conseil d'Administration
24/05/2002	Changement de Président (PDG, PCA)
24/05/2002	Changement de dénomination sociale
24/05/2002	Modification de l'objet social
24/05/2002	Changement de Forme Juridique sans changement de catégorie
24/05/2002	Changement de Forme Juridique avec changement de catégorie
24/05/2002	Acte modificatif
24/05/2002	Statuts mis à jour
24/12/2001	Acte sous seing privé
24/12/2001	Changement de Forme Juridique avec changement de catégorie
24/12/2001	Rapport des Commissaires ou du Gérant
07/11/2000	Augmentation de Capital
07/11/2000	PV d'Assemblée
07/11/2000	Conversion du Capital Social en Euros
07/11/2000	Acte sous seing privé
07/11/2000	Statuts mis à jour
04/01/2000	Nomination/démission des organes de gestion
04/01/2000	Changement de Gérant
04/01/2000	PV d'Assemblée
04/01/2000	Changement de Commissaire aux Comptes
04/01/2000	Acte sous seing privé
30/09/1997	Nomination/démission des organes de gestion
30/09/1997	Statuts mis à jour
30/09/1997	Acte modificatif
30/09/1997	Modification du Conseil d'Administration
30/09/1997	Acte sous seing privé
30/09/1997	Rapport des Commissaires ou du Gérant
21/07/1997	Acte sous seing privé
21/07/1997	Changement de dénomination sociale
21/07/1997	Statuts mis à jour
21/07/1997	Rapport des Commissaires ou du Gérant
21/07/1997	PV d'Assemblée
30/01/1997	Acte sous seing privé
30/01/1997	Changement de dénomination sociale
30/01/1997	Modification de l'objet social
30/01/1997	Statuts mis à jour
30/01/1997	PV d'Assemblée
22/10/1996	Changement de Gérant
22/10/1996	Acte modificatif
22/10/1996	Statuts mis à jour
22/10/1996	PV d'Assemblée
22/10/1996	Transfert du Siège dans le ressort du Tribunal de Commerce
22/10/1996	Nomination/démission des organes de gestion
03/11/1993	Statuts mis à jour
03/11/1993	Déclaration de conformité
03/11/1993	Acte modificatif
03/11/1993	PV d'Assemblée
03/11/1993	Nomination/démission des organes de gestion
03/11/1993	Changement de Forme Juridique sans changement de catégorie
16/04/1992	Nomination/démission des organes de gestion
16/04/1992	Acte modificatif
27/03/1992	Acte modificatif
27/03/1992	Nomination/démission des organes de gestion
27/03/1992	PV d'Assemblée
27/03/1992	Modification du Conseil d'Administration

Establishment events history

Date	Description
26/11/2013	Update Rating
26/11/2013	Update Limit
05/10/2013	Update Limit
07/09/2013	Update Rating
12/06/2013	Update Limit
12/11/2012	Formation of Head office (after transfer)

directors

Name	M. ROUFFIAC JEAN-PAUL
Manager position	President	Date of birth	03/10/1952
Place of birth	LILLEBONNE
Type	Individual	Name at birth

Previous Directors

View the directors history for this company

If you want to view the directors history, please click on the link view details.

Manager position	Title and name	Date of Birth/Place of Birth
Administrator	M BERNARD BOUSQUET	- - -
Administrator	M NOEL DANEL	- - -
Administrator	M MICHEL PAYET GASPARD	- - -

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%)

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.