MIRA INFORM REPORT

Report Date :

22.10.2014

IDENTIFICATION DETAILS

Name :	STAUBLI FAVERGES
Registered Office :	Staubli Faverges, Ple Robert Staubli, BP 70, 74210 Faverges
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	March 1925
Legal Form :	Limited Partnership by policy
Line of Business :	Manufacture of machinery for textile industries (2894Z)
No. of Employees :	1 000 to 1 999

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 :	Good
Payment Behaviour :	Regular
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	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

STAUBLI FAVERGES

SIRET

325 720 720 00011

Company summary

Trade name	STAUBLI
		EUR VAT Number	FR80325720720
Activity (APE)	Fabrication de machines pour les industries textiles (2894Z) (Manufacture of machinery for textile industries (2894Z))	Legal form	Limited Partnership by policy
Phone	04 50 44 41 43	RCS Registration	RCS 5 325 720 720
Fax	04 50 44 41 43	Share capital	7,718,400 Euros
Address	STAUBLI FAVERGES PLE ROBERT STAUBLI BP 70 74210 FAVERGES	Incorporated Date	03/1925
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Directors

Name	STAUBLI HOLDING FRANCE
Manager position	Manager	Date of birth
Place of birth
Type	Individual	Name at birth

Name	M. STAUBLI YVES ANTHONY
Manager position	President of the supervisory council	Date of birth	22/12/1973
Place of birth	ZURICH(SUISSE)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Active partner	STAUBLI HOLDING FRANCE	- - -

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	16/02/2012
Status of Monitoring	This company is under monitoring with at least one active preferential right
Number of active preferential rights	1
Total amount	1,136,853 EUR
Due remaining amount	1,136,853 EUR

Tax office preferential rights

Number of active preferential rights	1
Total amount	1,136,853 EUR
Due remaining amount	1,136,853 EUR
Date of last preferential right	26/12/2013

Active

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

41300241

26/12/2013

26/12/2017

MR LE COMPTABLE DE LA DIRECTION DES GRANDES ENTREPRISES

1,136,853 EUR

1,136,853 EUR

Creditor	MR LE COMPTABLE DE LA DIRECTION DES GRANDES ENTREPRISES 8 R Courtois 93505 PANTIN
Debtor	STAUBLI FAVERGES PL Robert Staubli 74210 FAVERGES
Pledges
Interest rate	0

SHARE & SHARE CAPITAL INFORMATION

N/a

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data
	Total number of Invoices available
	Total number of Invoices paid within or up to 30 days after the due date
	Total number of Invoices paid more than 30 days after the due date
	Total number of Invoices currently outstanding where the due date has not yet been reached
	Total number of Invoices currently outstanding beyond the due date

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Company number	Click here to view the affiliation links
	STÄUBLI INTERNATIONAL AG	21110	7 companies in 3 countries. Click here to visit linked companies

Group Structure

Company Name	SIREN	Parts	Last account published
STÄUBLI INTERNATIONAL AG	21110	-	-
STAUBLI HOLDING FRANCE	402630263	100%	31/12/2013
STAUBLI FAVERGES	325720720	100%	31/12/2013
STAUBLI RACCORD FRANCE	321525560	100%	31/12/2013
PREVOST	313195026	100%	31/12/2013
PREVOST GMBH	HRB 2664	100%	31/12/2011
PREVOST CORPORATION	-	100%	-
PREVOST (UK) LIMITED	01444325	Majority	31/12/2013
STAUBLI LYON	328103981	100%	31/12/2013

Company Name	SIREN	Last account	Turnover
STAUBLI (UK) LIMITED	02321549	31/12/2013	9 148 230 £
MULTI-CONTACT (UK) LIMITED	00810388	31/12/2013	-
STÄUBLI HOLDING AG	21108	-	-
STÄUBLI AG PFÄFFIKON	289147	-	-
MULTI-HOLDINGS AG	-	-	-
PREVOST SAS	-	-	-
PROVEST SARL	-	-	-

FINANCIAL INFORMATION

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	383,199,539 €	311,351,040 €	308,922,903 €
Gross Operating Surplus	14.95 % Turnover	11.30 % Turnover	13.52 % Turnover
Shareholders’ equity	205,357,314 €	190,404,498 €	181,316,815 €
Net result	24,005,371 €	14,859,781 €	18,711,199 €
Employees	1 000 to 1 999 employees	-	-

Accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2013	31/12/2012	31/12/2011
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	17/09/2014	08/07/2013	03/08/2012
Activity Code	2894Z	2894Z	2894Z
Employees	1063	0	0

Active account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	81,739,844	5.7%	77,320,281	11.2%	69,555,938	39,164.50	208609.0%
- Intangible assets	754,240	18.0%	639,003	0.3%	637,090	0	0%
- Tangible assets	43,604,425	9.3%	39,898,965	12.9%	35,329,990	13,526	322274.9%
- Financial assets	37,381,179	1.6%	36,782,313	9.5%	33,588,858	1,992.50	1875994.3%
Net current assets	269,187,404	13.9%	236,324,477	1.0%	233,895,953	409,618	65616.7%
- Stocks	96,396,041	0.3%	96,101,936	69.0%	56,870,438	29,393	327855.8%
- Advanced payments	712,721	13.9%	430,831	14.6%	376,000	0	0%
- Receivables	94,839,434	9.6%	86,545,455	-17.6%	105,022,421	128,071.50	73951.9%
- Securities and cash	77,239,208	45.1%	53,246,255	-2.6%	54,649,570	91,536.50	84280.8%
- Prepaid expenses	-	-	-	-	-	1,604.50	-
Accounts of regularization	264,567	682.4%	33,813	-65.4%	97,601	0	0%
Total Assets	351,191,816	12.0%	313,678,571	3.3%	303,549,492	464,457.50	75513.3%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Shareholders' equity	205,357,314	7.9%	190,404,498	5.0%	181,316,815	242,660	84527.6%
Share capital	7,718,400	0%	7,718,400	0%	7,718,400	60,834.50	12587.5%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	20,251,567	-13.9%	23,531,813	-5.3%	24,859,077	0	0%
Liabilities	125,564,462	26.3%	99,378,911	2.3%	97,151,891	130,977	95767.6%
- Financial liabilities	26,723	-90.9%	294,485	-77.9%	1,333,273	8,114	229.3%
- Advanced payments received	467,670	-19.7%	582,180	-2.7%	598,167	0	0%
- Trade account payables	46,457,428	24.7%	37,268,071	-3.1%	38,456,555	52,803	87882.6%
- Tax and social liabilities	43,771,185	15.1%	38,012,540	28.9%	29,483,052	78,952.50	55339.9%
- Other debts and fixed assets liabilities	34,859,929	48.2%	23,519,981	-14.4%	27,481,225	6,269.50	555924.1%
Account regularization	0	0%	65,000	204.7%	21,329	0	0%
Total liabilities	351,191,816	12.0%	313,678,568	3.3%	303,549,493	464,457	75513.4%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Sales of Goods	410,169,253	23.7%	331,550,850	-1.1%	335,201,729	660,890	61963.2%
Net turnover	383,199,539	23.1%	311,351,040	0.8%	308,922,903	644,662	59341.9%
- of which net export turnover	325,120,604	26.4%	257,295,890	1.6%	253,318,567	1,445	22499595.8%
Operating charges	366,217,755	19.5%	306,453,390	-1.9%	312,231,442	546,771.50	66878.2%
Operating profit/loss	43,951,498	75.1%	25,097,460	9.3%	22,970,287	19,818.50	221670.1%
Financial income	7,976,369	-43.8%	14,181,394	-0.3%	14,230,148	274	2910983.6%
Financial charges	5,149,968	-47.4%	9,791,522	-18.8%	12,061,651	1,067.50	482332.6%
Financial profit/loss	2,826,402	-35.6%	4,389,872	102.4%	2,168,497	-116.50	2426196.1%
Pretax net operating income	46,777,899	58.6%	29,487,332	17.3%	25,138,784	20,035	233380.9%
Extraordinary income	3,988,428	-6.5%	4,265,921	-40.4%	7,151,855	96	4154512.5%
Extraordinary charges	3,475,779	-10.0%	3,862,247	-36.5%	6,079,570	626	555136.3%
Extraordinary profit/loss	512,649	27.0%	403,674	-62.4%	1,072,285	-82	625281.7%
Net result	24,005,371	61.5%	14,859,781	-20.6%	18,711,199	25,245	94989.6%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2013	31/12/2012	31/12/2011
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2013		31/12/2012		31/12/2011
	Grand Total (I to VI)	Net	351,191,816	12.0%	313,678,571	3.3%	303,549,492
	Gross	CO	522,516,249	9.6%	476,772,459	2.9%	463,398,478
	Amortisation	1A	171,324,433	5.0%	163,093,888	2.0%	159,848,986

Non declared distributed capital (I)

		31/12/2013		31/12/2012		31/12/2011
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2013		31/12/2012		31/12/2011
	Total Active fixed asset (II)	Net	81,739,844	5.7%	77,320,281	11.2%	69,555,938
	Gross	BJ	231,384,796	5.3%	219,827,013	6.8%	205,820,913
	Amortisation	BK	149,644,952	5.0%	142,506,732	4.6%	136,264,975

Intangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	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	754,240	18.0%	639,003	0.3%	637,090
	Gross	AF	19,425,688	2.6%	18,926,547	1.3%	18,682,263
	Amortisation	AG	18,671,448	2.1%	18,287,544	1.3%	18,045,173
	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	754,240	18.0%	639,003	0.3%	637,090

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	Lands	Net	3,018,391	0.0%	3,018,706	-0.7%	3,039,600
	Gross	AN	4,809,100	0%	4,809,100	-0.4%	4,829,680
	Amortisation	AO	1,790,709	0.0%	1,790,394	0.0%	1,790,080
	Buildings	Net	8,237,903	-4.9%	8,665,692	13.1%	7,663,120
	Gross	AP	44,731,621	2.1%	43,817,183	4.2%	42,067,171
	Amortisation	AQ	36,493,718	3.8%	35,151,491	2.2%	34,404,051
	Plant	Net	23,005,336	15.4%	19,929,849	28.7%	15,487,909
	Gross	AR	108,634,691	8.7%	99,969,425	10.5%	90,494,807
	Amortisation	AS	85,629,355	7.0%	80,039,576	6.7%	75,006,898
	Other tangible fixed assets	Net	2,485,067	11.1%	2,237,667	23.2%	1,816,074
	Gross	AT	9,096,724	-0.5%	9,140,739	5.9%	8,629,198
	Amortisation	AU	6,611,657	-4.2%	6,903,072	1.3%	6,813,124
	Fixed assets in construction	Net	5,980,551	24.3%	4,811,752	-15.5%	5,692,692
	Gross	AV	5,980,551	24.3%	4,811,752	-15.5%	5,692,692
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	877,177	-29.0%	1,235,299	-24.2%	1,630,595
	Gross	AX	877,177	-29.0%	1,235,299	-24.2%	1,630,595
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	43,604,425		39,898,965		35,329,990

Financial assets

			31/12/2013		31/12/2012		31/12/2011
	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	19,870,195	0%	19,870,195	5.3%	18,869,995
	Gross	CU	19,870,195	0%	19,870,195	5.3%	18,869,995
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	12,157,145	13.0%	10,756,894	35.1%	7,959,407
	Gross	BB	12,157,145	13.0%	10,756,894	35.1%	7,959,407
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	7,632	0%	7,632	0%	7,632
	Gross	BD	7,632	0%	7,632	0%	7,632
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	5,310,560	-13.2%	6,114,644	-8.6%	6,693,478
	Gross	BF	5,758,625	33.9%	6,449,299	62.7%	6,899,127
	Amortisation	BG	448,065		334,655		205,649
	Other financial assets	Net	35,647	8.2%	32,948	-43.5%	58,346
	Gross	BH	35,647	8.2%	32,948	-43.5%	58,346
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		37,381,179		36,782,313		33,588,858

Current Assets (III)

			31/12/2013		31/12/2012		31/12/2011
	Total Assets	Net	269,187,404	13.9%	236,324,477	1.0%	233,895,953
	Gross	CJ	290,866,886	13.2%	256,911,633	-0.2%	257,479,964
	Amortisation	CK	21,679,482	5.3%	20,587,156	-12.7%	23,584,011

Stocks

			31/12/2013		31/12/2012		31/12/2011
	Raw materials	Net	50,804,334	-6.4%	54,291,867	-4.5%	56,870,438
	Gross	BL	62,706,700	-5.4%	66,297,589	-6.2%	70,710,442
	Amortisation	BM	11,902,366	-0.9%	12,005,722	-13.3%	13,840,004
	Work in progress (goods)	Net	4,422,983	16.9%	3,782,237	0%	0
	Gross	BN	4,422,983	16.9%	3,782,237	-3.3%	3,910,436
	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	41,081,903	8.3%	37,919,714	0%	0
	Gross	BR	48,372,203	9.8%	44,063,678	0%	0
	Amortisation	BS	7,290,300	18.7%	6,143,964	0%	0
	Goods for resale	Net	86,821	-19.7%	108,118	0%	0
	Gross	BT	86,821	-19.7%	108,118	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	96,396,041	0.3%	96,101,936	69.0%	56,870,438

Advance payments to suppliers

			31/12/2013		31/12/2012		31/12/2011
	Advance payments to suppliers	Net	712,721	65.4%	430,831	14.6%	376,000
	Gross	BV	712,721	65.4%	430,831	14.6%	376,000
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2013		31/12/2012		31/12/2011
	Trade accounts receivable	Net	77,314,405	12.0%	69,008,829	-16.0%	82,123,000
	Gross	BX	79,801,221	11.7%	71,446,299	-18.5%	87,625,000
	Amortisation	BY	2,486,816	2.0%	2,437,470	-55.7%	5,502,000
	Other debtors	Net	15,045,109	0.5%	14,977,522	-24.9%	19,949,000
	Gross	BZ	15,045,109	0.5%	14,977,522	-24.9%	19,949,000
	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	92,359,514	10.0%	83,986,351	-17.7%	102,072,000

Divers

			31/12/2013		31/12/2012		31/12/2011
	Investment securities	Net	40,120,018	-18.4%	49,173,116	-6.9%	52,806,000
	Gross	CD	40,120,018	-18.4%	49,173,116	-6.9%	52,806,000
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	37,119,190	811.3%	4,073,139	120.9%	1,843,570
	Gross	CF	37,119,190	811.3%	4,073,139	120.9%	1,843,570
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	77,239,208	45.1%	53,246,255	-2.6%	54,649,570

Prepaid expenses

			31/12/2013		31/12/2012		31/12/2011
	Prepaid expenses	Net	2,479,920	-3.1%	2,559,104	-13.3%	2,950,421
	Gross	CH	2,479,920	-3.1%	2,559,104	-13.3%	2,950,421
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2013		31/12/2012		31/12/2011
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	264,567	682.4%	33,813	-65.4%	97,601
Gross		264,567	682.4%	33,813	-65.4%	97,601

References

		31/12/2013		31/12/2012		31/12/2011
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)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to V)	EE	351,191,816	12.0%	313,678,568	3.3%	303,549,493

Shareholder Equity (I)

			31/12/2013		31/12/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	205,357,314	7.9%	190,404,498	5.0%	181,316,815
	Equity and shareholders' equity	DA	7,718,400	0%	7,718,400	0%	7,718,400
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	9,302	0%	9,302	0%	9,302
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	771,840	0%	771,840	0%	771,840
	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	161,171,869	3.9%	155,071,869	9.0%	142,271,869
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	79,714	-12.2%	90,842	237.5%	26,917
	Profit or loss for the period	DI	24,005,371	61.5%	14,859,781	-20.6%	18,711,199
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	11,600,817	-2.4%	11,882,464	0.6%	11,807,288

Other capital resources (II)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Total provisions for risks and charges (Total III)	DR	20,251,567	-13.9%	23,531,813	-5.3%	24,859,077
	Risk provisions	DP	7,525,567	-12.0%	8,553,813	-12.7%	9,802,077
	Reserves for charges	DQ	12,726,000	-15.0%	14,978,000	-0.5%	15,057,000

Liabilities (IV)

			31/12/2013		31/12/2012		31/12/2011
	Total Liabilities (Total IV)	EC	125,564,462	26.3%	99,378,911	2.3%	97,151,891
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	26,723	-90.9%	294,485	-77.9%	1,332,573
	Sundry loans and financial liabilities	DV	0	0%	0	0%	700
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	467,670	-19.7%	582,180	-2.7%	598,167
	Trade accounts payables	DX	46,457,428	24.7%	37,268,071	-3.1%	38,456,555
	Tax and social security liabilities	DY	43,771,185	15.1%	38,012,540	28.9%	29,483,052
	Fixed asset liabilities	DZ	3,951,668	59.2%	2,481,694	-1.2%	2,511,691
	Other debts	EA	30,889,788	49.4%	20,674,941	-16.5%	24,747,824

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	18,473	-94.9%	363,346	63.9%	221,710

Equalization accounts

		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	0	0%	65,000	204.7%	21,329

References

		31/12/2013		31/12/2012		31/12/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
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)

		31/12/2013		31/12/2012		31/12/2011
Operating result (Total I-II)	GG	43,951,498	75.1%	25,097,460	9.3%	22,970,287

2 -Financial result(V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	2,826,402	-35.6%	4,389,872	102.4%	2,168,497

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

		31/12/2013		31/12/2012		31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	46,777,899	58.6%	29,487,332	17.3%	25,138,784

4 -Extraordinary result(VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	512,649	27.0%	403,674	-62.4%	1,072,285

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	24,005,371	61.5%	14,859,781	-20.6%	18,711,199

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	422,134,050	20.6%	349,998,165	-1.8%	356,583,732

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

		31/12/2013		31/12/2012		31/12/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	398,128,679	18.8%	335,138,382	-0.8%	337,872,532

Operating income(I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	410,169,253	23.7%	331,550,850	-1.1%	335,201,729

Operating income (details)

			31/12/2013		31/12/2012		31/12/2011
	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	376,434,224	23.5%	304,765,337	0.8%	302,382,153
	France	FD	55,510,285	8.3%	51,250,279	-3.1%	52,891,818
	Export	FE	320,923,939	26.6%	253,515,058	1.6%	249,490,335
	Sale of services	FI	6,765,314	2.7%	6,585,703	0.7%	6,540,750
	France	FG	2,568,650	-8.4%	2,804,871	3.4%	2,712,518
	Export	FH	4,196,664	11.0%	3,780,832	-1.2%	3,828,232
	Net turnover	FL	383,199,539	23.1%	311,351,040	0.8%	308,922,903
	France	FJ	58,078,935	7.4%	54,055,150	-2.8%	55,604,336
	Export	FK	325,120,604	26.4%	257,295,890	1.6%	253,318,567
	Stocked production	FM	4,949,271	245.6%	-3,399,668	-138.0%	8,956,979
	Self-constructed assets	FN	685,801	-31.1%	994,761	3.9%	957,759
	Operating grants	FO	1,000	-75.0%	4,000	-43.0%	7,015
	Release of reserves and provisions	FP	13,496,502	-17.2%	16,304,122	58.4%	10,295,516
	Other income	FQ	7,837,140	24.5%	6,296,595	3.9%	6,061,557

Operating charges(II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	366,217,755	19.5%	306,453,390	-1.9%	312,231,442

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	0	0%	2,927	-2.9%	3,015
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	140,568,384	25.9%	111,655,174	-14.3%	130,268,108
Change in stocks of raw materials	FV	3,612,186	-21.2%	4,586,828	131.0%	-14,777,062
Other external purchases and charges	FW	103,168,762	33.3%	77,383,160	-9.9%	85,841,489
Tax, duty and similar payments	FX	7,353,275	16.8%	6,297,051	2.0%	6,173,189
Payroll	FY	52,441,804	3.9%	50,454,761	6.0%	47,596,844
Social security costs	FZ	24,394,384	4.3%	23,383,731	6.5%	21,964,898

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	9,871,643	12.5%	8,775,860	12.1%	7,826,721
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	2,814,556	110.3%	1,338,274	-69.5%	4,391,781
Provisions for risks and charges	GD	7,376,733	-26.6%	10,056,038	-1.9%	10,249,076

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	14,616,028	16.7%	12,519,586	-1.4%	12,693,383

Operating charges (III-IV)

		31/12/2013		31/12/2012		31/12/2011
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)

			31/12/2013		31/12/2012		31/12/2011
	Total financial income (Total V)	GP	7,976,369	-43.8%	14,181,394	-0.3%	14,230,148
	Share financial income	GJ	1,119,048	0%	1,119,048	-13.3%	1,291,093
	Other investment income & capitalised receivables	GK	434,614	7.8%	403,152	35.2%	298,139
	Other interest and similar income	GL	860,165	83.6%	468,568	17.4%	399,127
	Released provisions and transferred charges	GM	33,813	-77.0%	147,077	-73.0%	544,903
	Exchange gains	GN	5,514,268	-53.2%	11,793,615	5.1%	11,226,662
	Net income from disposal of investment securities	GO	14,462	-94.2%	249,934	-46.8%	470,224

Financial Charge (VI)

			31/12/2013		31/12/2012		31/12/2011
	Total financial charge (Total VI)	GU	5,149,968	-47.4%	9,791,522	-18.8%	12,061,651
	Financial reserves and provisions	GQ	377,977	132.1%	162,818	-43.8%	289,663
	Interest and similar charges	GR	20,344	-41.0%	34,482	-74.7%	136,445
	Exchange losses	GS	4,751,647	-50.5%	9,594,222	-17.5%	11,635,543
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary income (Total VII)	HD	3,988,428	-6.5%	4,265,921	-40.4%	7,151,855
	Extraordinary operating income	HA	55,262	-50.9%	112,558	-44.4%	202,278
	Extraordinary income from capital transactions	HB	345,193	-49.3%	680,777	423.0%	130,164
	Released provisions and transferred charges	HC	3,587,973	3.3%	3,472,586	-49.1%	6,819,413

Extraordinary charges(VIII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary charges (Total VIII)	HH	3,475,779	-10.0%	3,862,247	-36.5%	6,079,570
	Extraordinary operating charges	HE	11,236	-92.6%	151,094	548.3%	23,305
	Extraordinary charges from capital transactions	HF	158,217	-3.2%	163,391	109.0%	78,164
	Extraordinary reserves and provisions	HG	3,306,326	-6.8%	3,547,762	-40.7%	5,978,101

Employee profit sharing(IX)

		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	15,766,051	80.5%	8,736,084	10.7%	7,893,292

Tax on profits(X)

		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	7,519,126	19.4%	6,295,139	1700.1%	-393,423

References

		31/12/2013		31/12/2012		31/12/2011
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)

			31/12/2013		31/12/2012		31/12/2011
	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	9,988,342	-22.0%	12,810,028	163.9%	4,854,186
	Decreasess by transfers	OK2	3,848,174	11.1%	3,462,372	-15.3%	4,086,186
	Gross value at the end of period	OL	231,384,795	5.3%	219,827,013	6.8%	205,820,911

Research and development Charge (Total I)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	KD	18,926,547	1.3%	18,682,263	0.7%	18,553,013
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	566,600	34.1%	422,649	18.3%	357,350
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	67,459	-62.2%	178,365	-21.8%	228,100
	Gross value at the end of period	LW	19,425,688	2.6%	18,926,547	1.3%	18,682,263

Tangible fixed assets (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LN	163,783,498	6.8%	153,344,142	7.7%	142,440,129
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	23,272,300	-10.1%	25,897,520	36.1%	19,028,955
	Decreasess by budget item transfer	NG1	9,988,341	-22.0%	12,810,028	163.9%	4,854,186
	Decreasess by transfers	NG2	2,937,592	10.9%	2,648,135	-19.0%	3,270,757
	Gross value at the end of period	NH	174,129,865	6.3%	163,783,499	6.8%	153,344,141

Fiancial assets (Total IV)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LQ	37,116,967	9.8%	33,794,507	28.8%	26,233,797
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	1,555,399	-60.7%	3,958,332	-51.4%	8,148,039
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	843,123	32.6%	635,872	8.3%	587,329
	Gross value at the end of period	NK	37,829,243	1.9%	37,116,967	9.8%	33,794,507

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

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	PE	18,287,544	1.3%	18,045,173	23.7%	14,582,302
Increases		PF	449,213	8.6%	413,579	-88.8%	3,690,312
Decreasess		PG	65,308	-61.9%	171,208	-24.7%	227,442
	Decreasess by budget item transfer	PH	18,671,448	2.1%	18,287,544	1.3%	18,045,172

Total fixed assets amotisation(Total III)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	123,884,534	5.0%	118,014,153	4.0%	113,423,733
Increases		QV	9,422,430	12.7%	8,362,281	7.4%	7,783,669
Decreases		QW	2,781,526	11.6%	2,491,901	-22.0%	3,193,250
	Decreasess by budget item transfer	QX	130,525,438	5.4%	123,884,533	5.0%	118,014,152

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2013		31/12/2012		31/12/2011
	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

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7C	56,336,088	-6.8%	60,456,025	0.7%	60,014,672
Increases		UB	13,875,592	-8.1%	15,104,893	-12.5%	17,261,361
Decreases		UC	16,231,749	-15.6%	19,224,831	14.3%	16,820,007
	Value at the end of period	UD	53,979,931	-4.2%	56,336,087	-6.8%	60,456,026

Includes Total allocations

Operating	UE	10,191,289	-10.6%	11,394,312	-22.2%	14,640,857
Financial	UG	377,977	132.1%	162,818	-43.8%	289,663
Exceptional	UJ	3,306,326	-6.8%	3,547,762	52.2%	2,330,841

Includes Total Withdrawal

Operating	UF	12,609,963	-19.2%	15,605,168	65.0%	9,455,690
Financial	UH	33,813	-77.0%	147,077	-73.0%	544,903
Exceptional	UK	3,587,973	3.3%	3,472,586	-49.1%	6,819,413

Total regulated provisions (Total I)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	3Z	11,882,464	0.6%	11,807,288	-6.7%	12,648,601
Increases		TS	3,306,326	-6.8%	3,547,762	52.2%	2,330,841
Decreases		TT	3,587,973	3.3%	3,472,586	9.5%	3,172,153
	Value at the end of period	TU	11,600,817	-2.4%	11,882,464	0.6%	11,807,289

Total risk and charge provisions (Total II)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	5Z	23,531,813	-5.3%	24,859,077	8.3%	22,961,903
Increases		TV	7,525,567	-23.5%	9,836,813	-5.0%	10,351,077
Decreases		TW	10,805,813	-3.2%	11,164,077	32.1%	8,453,903
	Value at the end of period	TX	20,251,567	-13.9%	23,531,813	-5.3%	24,859,077

Total Provision for depreciation (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7B	20,921,811	-12.1%	23,789,660	-2.5%	24,404,168
Increases		TY	3,043,699	76.9%	1,720,318	-62.4%	4,579,443
Decreases		TZ	1,837,963	-59.9%	4,588,168	-11.7%	5,193,951
	Value at the end of period	UA	22,127,547	5.8%	20,921,810	-12.1%	23,789,660

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

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	115,277,668	8.5%	106,222,066	10.6%	96,024,775
1 year at most	VU	115,277,668	8.5%	106,222,066	10.6%	96,024,775
More than one year	VV	0	0%	0	0%	0

State of loans

		31/12/2013		31/12/2012		31/12/2011
Claims related to holdings (gross)	UL	12,157,145	13.0%	10,756,894	35.1%	7,959,407
Claims related to shareholdings (1 year at most)	UM	12,157,145	13.0%	10,756,894	35.1%	7,959,407
Loans (gross)	UP	5,758,625	-10.7%	6,449,299	-6.5%	6,899,127
Loans (1 year at most)	UR	5,758,625	-10.7%	6,449,299	-6.5%	6,899,127
Other financial assets (gross)	UT	35,647	8.2%	32,948	-43.5%	58,346
Other financial assets (1 year at most)	UV	35,647	8.2%	32,948	-43.5%	58,346

Receivables statement of assets

		31/12/2013		31/12/2012		31/12/2011
Customers doubtful or disputed	VA	1,481,096	-3.0%	1,526,820	-6.5%	1,632,772
Other claims customer	UX	78,320,125	12.0%	69,919,479	12.5%	62,131,567
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	1,700,409	3.8%	1,638,343	4.5%	1,567,381
Social Security and other social organizations	UZ	68,887	3.6%	66,468	-5.7%	70,458
Income taxes	VM	5,994,705	-26.2%	8,128,337	10.9%	7,326,424
Value added tax	VB	3,818,056	74.7%	2,185,636	-11.4%	2,468,212
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	19,411
Group and Associates	VC	953,092	85.9%	512,639	-51.4%	1,054,785
Accounts receivable (including claims relating to the operation of pension titles)	VR	2,509,961	2.6%	2,446,099	29.7%	1,886,464

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	2,479,920	-3.1%	2,559,104	-13.3%	2,950,421

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	125,096,791	26.6%	98,796,731	2.3%	96,553,723
1 year at most		VZ2	125,096,791	26.6%	98,796,731	2.3%	96,553,723
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

			31/12/2013		31/12/2012		31/12/2011
	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	26,723	-90.9%	294,485	-77.9%	1,332,573
1 year at most		VG2	26,723	-90.9%	294,485	-77.9%	1,332,573
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%	700
1 year at most		8A2	0	0%	0	0%	700
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	46,457,428	24.7%	37,268,071	-3.1%	38,456,555
1 year at most		8B2	46,457,428	24.7%	37,268,071	-3.1%	38,456,555
More than 1 year and 5 years at most		8B3	46,457,428	24.7%	37,268,071	-3.1%	38,456,555
	Personnel and associated accounts (gross)	8C1	23,071,756	19.1%	19,368,133	9.1%	17,759,568
1 year at most		8C2	23,071,756	19.1%	19,368,133	9.1%	17,759,568
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	12,419,170	9.7%	11,320,280	14.9%	9,849,377
1 year at most		8D2	12,419,170	9.7%	11,320,280	14.9%	9,849,377
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	5,762,773	4.3%	5,524,672	0%	0
1 year at most		8E2	5,762,773	4.3%	5,524,672	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	253,431	80.3%	140,577	-43.9%	250,804
1 year at most		VW2	253,431	80.3%	140,577	-43.9%	250,804
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	2,264,054	36.5%	1,658,878	2.2%	1,623,302
1 year at most		VQ2	2,264,054	36.5%	1,658,878	2.2%	1,623,302
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	3,951,668	59.2%	2,481,694	-1.2%	2,511,691
1 year at most		8J2	3,951,668	59.2%	2,481,694	-1.2%	2,511,691
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%	16,635,653	-16.5%	19,932,929
1 year at most		VI2	0	0%	16,635,653	-16.5%	19,932,929
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	30,889,788	664.7%	4,039,288	-16.1%	4,814,895
1 year at most		8K2	30,889,788	664.7%	4,039,288	-16.1%	4,814,895
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%	65,000	204.7%	21,329
1 year at most		8L2	0	0%	65,000	204.7%	21,329
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Loans made during the period	VJ	0	0%	0	0%	700
Debt repaid during the period	VK	0	0%	700	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2013		31/12/2012		31/12/2011
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
Average number of employees	YP	1,063	0%	0	0%	0

Groups and Shareholders

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Fixed Asset Financing		1.62	0%	1.62	-3.0%	1.67	1.91	-15.2%
Global Debt		118days	2.6%	115days	1.8%	113days	103days	14.6%
Working Capital Fund overall net		135days	-14.6%	158days	-1.9%	161days	119days	13.4%
Financial independence		768466.54%	1088.5%	64656.77%	375.4%	13599.38%	356.82%	215265.3%
More ratios
Solvability		58.47%	-3.7%	60.70%	1.6%	59.73%	52.39%	11.6%
Capacity debt futures		768466.54%	1088.5%	64656.77%	375.2%	13606.52%	839.56%	91432.1%
Coverage of current assets by net working capital overall		43.80%	-2.9%	45.11%	-5.2%	47.57%	53.12%	-17.5%
General Liquidity		0.92	-14.8%	1.08	9.1%	0.99	0.90	2.2%
Restricted Liquidity		1.54	-4.3%	1.61	3.2%	1.56	1.63	-5.5%

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Need background in operating working capital		60days	-36.2%	94days	19.0%	79days	42days	42.9%
Treasury		73days	17.7%	62days	-3.1%	64days	6days	1116.7%
Inventory turnover of goods		days	-	13298days	0%	0days	25.50days	-
Average length of credit granted to customers		75days	-9.6%	83days	-18.6%	102days	66days	13.6%
Average length of credit obtained suppliers		68days	-1.4%	69days	0%	69days	55.50days	22.5%
More ratios
Inventory turnover of raw materials in industrial enterprises		161days	-24.8%	214days	9.7%	195days	82.50days	95.2%
Inventory turnover of intermediate and finished products in the industrial enterprise		220days	15.8%	190days	-5.5%	201days	461.50days	-52.3%
Rotation tangible assets		220.07%	15.8%	190.10%	-5.6%	201.46%	640.28%	-65.6%

Profitability of the business

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Margin trading		0%	0%	0%	0%	0	0%	0%
Profitability of the business		14.95	32.3%	11.30	-16.4%	13.52	5.95%	151.3%
Net profit		6.26%	31.2%	4.77%	-21.3%	6.06%	4.87%	28.5%
More ratios
Growth rate of turnover (excluding VAT)		23.08%	2821.5%	0.79%	-93.0%	11.35%	1.26%	1731.7%
Rates integration		36.92%	-0.3%	37.04%	-2.6%	38.04%	36.23%	1.9%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		54.31%	-15.2%	64.03%	8.2%	59.20%	73.30%	-25.9%
Weight interests		1.34	-57.3%	3.14%	-19.5%	3.90%	0.18%	644.4%

Return on capital

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Cash flow from the overall profitability		5.52%	126.2%	2.44%	-52.7%	5.16%	5.30%	4.2%
Rates of economic profitability		28%	55.6%	18%	-21.7%	23%	12.50%	124.0%
Financial profitability		205357314%	7.9%	190404498%	5.0%	181316815%	217655.50%	94249.7%
Return on investment		14.20%	9.8%	12.93%	-23.3%	16.85%	12.35%	15.0%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Turnover	383,199,539	23.1%	311,351,040	0.8%	308,922,903	644,662 €	59341.9%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	2,927	-2.9%	3,015
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	-2,927 €	2.9%	-3,015 €	0 €	0%
	0.00 % CA	0%	0.00 % CA	0%	0.00 % CA	0.04 % CA	0%

Sale of goods produced	383,199,538	23.1%	311,351,040	0.8%	308,922,903
+/- Stocked production	4,949,271	245.6%	-3,399,668	-138.0%	8,956,979
+ Self-constructed assets	685,801	-31.1%	994,761	3.9%	957,759
Period production	388,834,610 €	25.9%	308,946,133 €	-3.1%	318,837,641 €	276,069 €	140746.9%
	101.47 % CA	2.3%	99.23 % CA	-3.9%	103.21 % CA	97.33 % CA	4.3%

Trading margin	0	0%	-2,927	2.9%	-3,015	0	0%
+ Period Production	388,834,610	25.9%	308,946,133	-3.1%	318,837,641	276,069	140746.9%
- Purchase of raw materials	140,568,384	25.9%	111,655,174	-14.3%	130,268,108
+/- Change in stocks of raw materiels	3,612,186	-21.2%	4,586,828	131.0%	-14,777,062
- Other external purchases and charges	103,168,762	33.3%	77,383,160	-9.9%	85,841,489
Added value	141,485,278 €	22.7%	115,318,044 €	-1.9%	117,502,091 €	185,654.50 €	76108.9%
	36.92 % CA	-0.3%	37.04 % CA	-2.6%	38.04 % CA	36.23 % CA	1.9%

Added value	141,485,278 €	22.7%	115,318,044 €	-1.9%	117,502,091 €	185,654.50 €	76108.9%
+ Operating grants	1,000	-75.0%	4,000	-43.0%	7,015
- Tax, duty and similar payments	7,353,275	16.8%	6,297,051	2.0%	6,173,189
- Personal charges	76,836,188	4.1%	73,838,492	6.1%	69,561,742
Gross operating surplus	57,296,815 €	62.8%	35,186,501 €	-15.8%	41,774,175 €	17,284 €	331402.1%
	14.95 % CA	32.3%	11.30 % CA	-16.4%	13.52 % CA	5.95 % CA	151.3%

Gross operating surplus	57,296,815 €	62.8%	35,186,501 €	-15.8%	41,774,175 €	17,284 €	331402.1%
+ Release of reserves and provisions	13,496,502	-17.2%	16,304,122	58.4%	10,295,516
+ Other operating income	7,837,140	24.5%	6,296,595	3.9%	6,061,557
- Depreciation/Amortisation	20,062,932	-0.5%	20,170,172	-10.2%	22,467,578
- Other charges	14,616,028	16.7%	12,519,586	-1.4%	12,693,383
Operating result	43,951,497 €	75.1%	25,097,460 €	9.3%	22,970,287 €	19,818.50 €	221670.0%
	11.47 % CA	42.3%	8.06 % CA	8.3%	7.44 % CA	5.61 % CA	104.5%

Operating result	43,951,497 €	75.1%	25,097,460 €	9.3%	22,970,287 €	19,818.50 €	221670.0%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	7,976,369	-43.8%	14,181,394	-0.3%	14,230,148
- Financial charges	5,149,968	-47.4%	9,791,522	-18.8%	12,061,651
Pre-tax result	46,777,898 €	58.6%	29,487,332 €	17.3%	25,138,784 €	20,035 €	233380.9%
	12.21 % CA	28.9%	9.47 % CA	16.3%	8.14 % CA	5.77 % CA	111.6%

Extraordinary income	3,988,428	-6.5%	4,265,921	-40.4%	7,151,855	96	4154512.5%
- Extraordinary charges	3,475,779	-10.0%	3,862,247	-36.5%	6,079,570
Extraordinary result	512,649 €	27.0%	403,674 €	-62.4%	1,072,285 €	-82 €	625281.7%
	0.13 % CA	0%	0.13 % CA	-62.9%	0 % CA	-00.09 % CA	244.4%

Pre-tax result	46,777,898 €	58.6%	29,487,332 €	17.3%	25,138,784 €	20,035 €	233380.9%
Extraordinary result	512,649 €	27.0%	403,674 €	-62.4%	1,072,285 €	-82 €	625281.7%
- Employee profit sharing	15,766,051	80.5%	8,736,084	10.7%	7,893,292
- Tax on profits	7,519,126	19.4%	6,295,139	1700.1%	-393,423
Net result	24,005,370 €	61.5%	14,859,783 €	-20.6%	18,711,200 €	25,245.50 €	94987.7%
	6.26 % CA	31.2%	4.77 % CA	-21.3%	6.06 % CA	4.87 % CA	28.5%

Consolidated Accounts

Active Account |  Passive Account |  Account Results |  Consolidation

Synthesized Accounts

Annual Accounts	31/12/2013	31/12/2012	31/12/2011
Account period (month)	12	12	12
Account Type	Consolidated	Consolidated	Consolidated
Activity Code	2894Z	2894Z	2894Z

Active account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011
Capital not called	0	0%	0	0%	0
Total fixed assets	84,575,000	1.3%	83,489,000	16.3%	71,793,000
- Intangible assets	999,000	28.7%	776,000	4.6%	742,000
- Tangible assets	78,103,000	2.2%	76,434,000	19.1%	64,166,000
- Financial assets	5,473,000	-12.8%	6,279,000	-8.8%	6,885,000
Net current assets	376,891,000	11.3%	338,670,000	2.8%	329,459,000
- Stocks	144,397,000	-1.9%	147,161,000	-2.6%	151,165,000
- Advanced payments	1,091,000	-42.2%	1,889,000	0%	0
- Receivables	125,011,000	8.7%	114,979,000	2957.1%	3,761,000
- Securities and cash	106,394,000	42.5%	74,641,000	287.2%	19,279,000
Accounts of regularization	0	0%	0	0%	0
Total Assets	461,466,000	9.3%	422,159,000	5.2%	401,252,000

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011
Shareholders' equity	292,997,000	7.6%	272,364,000	6.6%	255,552,000
Share capital	7,718,000	0%	7,718,000	0%	7,718,000
Other capital resources	0	0%	0	0%	0
Risk Provisions	27,268,000	-11.2%	30,699,000	-7.0%	33,009,000
Liabilities	141,036,000	18.6%	118,943,000	5.7%	112,551,000
- Financial liabilities	4,270,000	-8.6%	4,672,000	4.1%	4,488,000
- Advanced payments received	8,070,000	0.4%	8,035,000	45.1%	5,537,000
- Trade account payables	64,438,000	31.9%	48,864,000	-9.9%	54,228,000
- Tax and social liabilities	31,863,000	19.9%	26,579,000	13.7%	23,383,000
- Other debts and fixed assets liabilities	29,918,000	6.2%	28,163,000	23.0%	22,905,000
Account regularization	2,477,000	-5.8%	2,630,000	30.8%	2,010,000
Total liabilities	461,466,000	9.3%	422,159,000	5.2%	401,255,000

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011
Sales of Goods	579,486,000	20.8%	479,686,000	0.4%	477,588,000
Net turnover	575,577,000	21.0%	475,618,000	0.5%	473,485,000
- of which net export turnover	501,717,000	23.3%	407,048,000	0.7%	404,268,000
Operating charges	521,576,000	18.2%	441,346,000	-0.8%	444,752,000
Operating profit/loss	57,910,000	51.0%	38,340,000	16.8%	32,836,000
Financial income	1,517,000	22.5%	1,238,000	-24.2%	1,634,000
Financial charges	-40,000	-109.5%	420,000	412.2%	82,000
Financial profit/loss	1,557,000	90.3%	818,000	-47.3%	1,552,000
Pretax net operating income	59,467,000	51.9%	39,158,000	13.9%	34,388,000
Extraordinary income	0	0%	0	0%	0
Extraordinary charges	0	0%	0	0%	0
Extraordinary profit/loss	0	0%	0	0%	0

Consolidation

Annual Accounts	31/12/2013		31/12/2012		31/12/2011
Net result before amortisation of goodwill	30,517,000	0%	0	0%	0
Goodwill amortisation allocation	0	0%	0	0%	0
Net result of equity affiliates companies	0	0%	0	0%	0
Net result of integrated companies	0	0%	0	0%	0
Group result (consolidated net result)	30,518,000	42.6%	21,396,000	-6.5%	22,878,000
Share of minority interest (Result except group)	12,000	233.3%	-9,000	0%	0
Net result - group share (part of parent company)	30,506,000	42.5%	21,405,000	-6.4%	22,878,000

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2013	31/12/2012	31/12/2011
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2013		31/12/2012		31/12/2011
	Grand Total (I to VI)	Net	461,466,000	9.3%	422,159,000	5.2%	401,252,000
	Gross	CO	707,052,000	8.0%	654,436,000	3.6%	631,593,000
	Amortisation	1A	245,586,000	5.7%	232,277,000	0.8%	230,341,000

Capital subscribed not called (I)

		31/12/2013		31/12/2012		31/12/2011
Capital suscribed not called (I)	AA3	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2013		31/12/2012		31/12/2011
	Total Active fixed asset (II)	Net	84,575,000	1.3%	83,489,000	16.3%	71,793,000
	Gross	BJ	296,334,000	4.6%	283,229,000	7.3%	263,968,000
	Amortisation	BK	211,759,000	6.0%	199,740,000	3.9%	192,175,000

Intangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	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	999,000	28.7%	776,000	4.6%	742,000
	Gross	AF	15,028,000	4.9%	14,320,000	2.1%	14,027,000
	Amortisation	AG	14,029,000	3.6%	13,544,000	1.9%	13,285,000
	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

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	Acquisition difference	Net	0	0%	0	0%	0
	Gross	A11	0	0%	0	0%	0
	Amortisation	A12	0	0%	0	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	A21	0	0%	0	0%	0
	Amortisation	A22	0	0%	0	0%	0
	Difference from the first consolidation	Net	0	0%	0	0%	0
	Gross	A31	0	0%	0	0%	0
	Amortisation	A32	0	0%	0	0%	0
	Lands	Net	7,092,000	-1.6%	7,204,000	-1.4%	7,303,000
	Gross	AN	9,557,000	-0.4%	9,595,000	-3.5%	9,947,000
	Amortisation	AO	2,465,000	3.1%	2,391,000	-9.6%	2,644,000
	Buildings	Net	29,765,000	-1.4%	30,182,000	34.6%	22,421,000
	Gross	AP	83,604,000	3.0%	81,194,000	8.9%	74,581,000
	Amortisation	AQ	53,839,000	5.5%	51,012,000	-2.2%	52,160,000
	Plant	Net	31,137,000	6.2%	29,330,000	13.4%	25,854,000
	Gross	AR	160,893,000	6.8%	150,604,000	8.7%	138,542,000
	Amortisation	AS	129,756,000	7.0%	121,274,000	7.6%	112,688,000
	Other tangible fixed assets	Net	4,253,000	29.2%	3,293,000	25.5%	2,624,000
	Gross	AT	15,923,000	7.5%	14,812,000	5.6%	14,022,000
	Amortisation	AU	11,670,000	1.3%	11,519,000	1.1%	11,398,000
	Fixed assets in construction	Net	5,856,000	-8.9%	6,425,000	7.7%	5,964,000
	Gross	AV	5,856,000	-8.9%	6,425,000	7.7%	5,964,000
	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

Financial assets

			31/12/2013		31/12/2012		31/12/2011
	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	8,000	0%	8,000	0%	8,000
	Gross	BD	8,000	0%	8,000	0%	8,000
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	5,341,000	-12.9%	6,130,000	-8.7%	6,714,000
	Gross	BF	5,341,000	-12.9%	6,130,000	-8.7%	6,714,000
	Amortisation	BG	0	0%	0	0%	0
	Other financial assets	Net	124,000	-12.1%	141,000	-13.5%	163,000
	Gross	BH	124,000	-12.1%	141,000	-13.5%	163,000
	Amortisation	BI	0	0%	0	0%	0
	Other financial assets	Net	0	0%	0	0%	0
	Gross	A41	0	0%	0	0%	0
	Amortisation	A42	0	0%	0	0%	0

Current Assets (III)

			31/12/2013		31/12/2012		31/12/2011
	Total Assets	Net	376,891,000	11.3%	338,670,000	2.8%	329,459,000
	Gross	CJ	410,718,000	10.6%	371,207,000	1.0%	367,625,000
	Amortisation	CK	33,827,000	4.0%	32,537,000	-14.7%	38,166,000

Stocks

			31/12/2013		31/12/2012		31/12/2011
	Raw materials	Net	144,397,000	-1.9%	147,161,000	-2.6%	151,165,000
	Gross	BL	172,153,000	-0.6%	173,192,000	-5.8%	183,829,000
	Amortisation	BM	27,756,000	6.6%	26,031,000	-20.3%	32,664,000
	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

Advance payments to suppliers

			31/12/2013		31/12/2012		31/12/2011
	Advance payments to suppliers	Net	1,091,000	-42.2%	1,889,000	0%	0
	Gross	BV	1,091,000	-42.2%	1,889,000	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2013		31/12/2012		31/12/2011
	Trade accounts receivable	Net	101,506,000	14.1%	88,949,000	0%	0
	Gross	BX	107,577,000	12.7%	95,455,000	0%	0
	Amortisation	BY	6,071,000	-6.7%	6,506,000	0%	0
	Other debtors	Net	20,458,000	-10.0%	22,733,000	0%	0
	Gross	BZ	20,458,000	-10.0%	22,733,000	0%	0
	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

Divers

			31/12/2013		31/12/2012		31/12/2011
	Investment securities	Net	41,580,000	-17.2%	50,194,000	0%	0
	Gross	CD	41,580,000	-17.2%	50,194,000	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	64,814,000	165.1%	24,447,000	26.8%	19,279,000
	Gross	CF	64,814,000	165.1%	24,447,000	26.8%	19,279,000
	Amortisation	CG	0	0%	0	0%	0

Prepaid expenses

			31/12/2013		31/12/2012		31/12/2011
	Prepaid expenses	Net	3,047,000	-7.6%	3,297,000	-12.3%	3,761,000
	Gross	CH	3,047,000	-7.6%	3,297,000	-12.3%	3,761,000
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2013		31/12/2012		31/12/2011
Multi-period charges	CW3	0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
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)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to IV)	EE	461,466,000	9.3%	422,159,000	5.2%	401,255,000

Shareholder Equity (I)

			31/12/2013		31/12/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	292,997,000	7.6%	272,364,000	6.6%	255,552,000
	Equity and shareholders' equity	DA	7,718,000	0%	7,718,000	0%	7,718,000
	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	0	0%	0	0%	0
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Other reserves	DG	254,767,000	4.7%	243,233,000	8.5%	224,276,000
	Profits or losses brought forward	DH	80,000	-12.1%	91,000	237.0%	27,000
	Conversion differences	P1	-74,000	10.8%	-83,000	-112.7%	653,000
	Net result - group part	P2	30,506,000	42.5%	21,405,000	-6.4%	22,878,000
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2013		31/12/2012		31/12/2011
	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
	Others	P3	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/12/2013		31/12/2012		31/12/2011
	Total provisions for risks and charges (Total III)	DR	27,268,000	-11.2%	30,699,000	-7.0%	33,009,000
	Conversion differences	P4	0	0%	0	0%	0
	In reserves	P5	153,000	-5.6%	162,000	13.3%	143,000
	In results	P6	12,000	233.3%	-9,000	-125.0%	-4,000
	Total III	P7	165,000	7.8%	153,000	7.0%	143,000
	Delayed tax	P8	0	0%	0	0%	0
	Acquisition differences	P9	0	0%	0	0%	0
	Risk provisions	DP	13,290,000	-7.6%	14,380,000	-12.0%	16,349,000
	Reserves for charges	DQ	13,978,000	-14.3%	16,319,000	-2.0%	16,659,000

Liabilities (IV)

			31/12/2013		31/12/2012		31/12/2011
	Total Liabilities (Total IV)	EC	141,036,000	18.6%	118,943,000	5.7%	112,551,000
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	541,000	-16.9%	651,000	-62.7%	1,745,000
	Sundry loans and financial liabilities	DV	3,729,000	-7.3%	4,021,000	46.6%	2,743,000
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	8,070,000	0.4%	8,035,000	45.1%	5,537,000
	Trade accounts payables	DX	64,438,000	31.9%	48,864,000	-9.9%	54,228,000
	Tax and social security liabilities	DY	31,863,000	19.9%	26,579,000	13.7%	23,383,000
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	29,918,000	6.2%	28,163,000	23.0%	22,905,000

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	2,477,000	-5.8%	2,630,000	30.8%	2,010,000

References

		31/12/2013		31/12/2012		31/12/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2013		31/12/2012		31/12/2011
Operating result (Total I-II)	GG	57,910,000	51.0%	38,340,000	16.8%	32,836,000

2 - Financial result (V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	1,557,000	90.3%	818,000	-47.3%	1,552,000

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

		31/12/2013		31/12/2012		31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	59,467,000	51.9%	39,158,000	13.9%	34,388,000

4 - Extraordinary result (VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	0	0%	0	0%	0

Consolidation

		31/12/2013		31/12/2012		31/12/2011
Delayed tax	R1	-9,406,000	-239.8%	6,729,000	317.4%	1,612,000
Net result before amortisation of acquisition differences	R2	30,517,000	0%	0	0%	0
Endowment to amortisation of acquisition differences	R3	0	0%	0	0%	0
Net result of companies set in equivalence	R4	0	0%	0	0%	0
Net result of integrated companies	R5	0	0%	0	0%	0
Group result (consolidated net result)	R6	30,518,000	42.6%	21,396,000	-6.5%	22,878,000
Cross-reference : equipment leasing	R7	12,000	233.3%	-9,000	0%	0
Cross-reference : property leasing	R8	30,506,000	42.5%	21,405,000	-6.4%	22,878,000

Operating income (I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	579,486,000	20.8%	479,686,000	0.4%	477,588,000

Operating income (details)

			31/12/2013		31/12/2012		31/12/2011
	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	0	0%	0	0%	0
	France	FD	0	0%	0	0%	0
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	575,577,000	21.0%	475,618,000	0.5%	473,485,000
	France	FG	73,860,000	7.7%	68,570,000	-0.9%	69,217,000
	Export	FH	501,717,000	23.3%	407,048,000	0.7%	404,268,000
	Net turnover	FL	575,577,000	21.0%	475,618,000	0.5%	473,485,000
	France	FJ	73,860,000	7.7%	68,570,000	-0.9%	69,217,000
	Export	FK	501,717,000	23.3%	407,048,000	0.7%	404,268,000
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	851,000	-33.3%	1,276,000	-7.2%	1,375,000
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	144,000	-81.0%	759,000	1255.4%	56,000
	Other income	FQ	2,914,000	43.3%	2,033,000	-23.9%	2,672,000

Operating charges (II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	521,576,000	18.2%	441,346,000	-0.8%	444,752,000

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	289,941,000	26.8%	228,594,000	-11.1%	256,992,000
Change in stocks of goods for resale	FT	-3,546,000	-167.1%	5,283,000	118.6%	-28,388,000
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	0	0%	0	0%	0
Tax, duty and similar payments	FX	10,556,000	14.7%	9,201,000	3.4%	8,896,000
Payroll	FY	74,551,000	3.7%	71,910,000	6.6%	67,467,000
Social security costs	FZ	33,940,000	3.7%	32,716,000	6.2%	30,819,000

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	15,819,000	4.9%	15,084,000	16.7%	12,920,000
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	7,694,000	229.5%	2,335,000	-85.2%	15,777,000
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	92,621,000	21.5%	76,223,000	-5.0%	80,269,000

Operating charges (III-IV)

		31/12/2013		31/12/2012		31/12/2011
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)

			31/12/2013		31/12/2012		31/12/2011
	Total financial income (Total V)	GP	1,517,000	22.5%	1,238,000	-24.2%	1,634,000
	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	1,517,000	22.5%	1,238,000	-24.2%	1,634,000
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2013		31/12/2012		31/12/2011
	Total financial charge (Total VI)	GU	-40,000	-109.5%	420,000	412.2%	82,000
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	-40,000	-109.5%	420,000	412.2%	82,000
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary income (Total VII)	HD	0	0%	0	0%	0
	Extraordinary operating income	HA	0	0%	0	0%	0
	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)

			31/12/2013		31/12/2012		31/12/2011
	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)

		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	-19,546,000	-277.1%	11,034,000	11.4%	9,901,000

Tax on profits (X)

		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0

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

Structure and Liquidity

		31/12/2013		31/12/2012		31/12/2011
Fixed Asset Financing		1.81	1.1%	1.79	-2.7%	1.84
Global Debt		88.21 days	-2.0%	90.03 days	5.2%	85.57 days
Working Capital Fund overall net		150.09 days	-11.6%	169.73 days	0.9%	168.23 days
Financial independence		54158.41%	29.4%	41837.79%	185.7%	14644.81%
More ratios
Solvability		63.49%	-1.6%	64.52%	1.3%	63.69%

Management or rotation

		31/12/2013		31/12/2012		31/12/2011
Need background in operating working capital		83.29days	-26.2%	112.85days	229.0%	34.30days
Treasury		66.55 days	17.8%	56.50 days	285.4%	14.66 days
Inventory turnover of goods		0 days	0%	0 days	0%	0 days
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days
Inventory turnover of intermediate and finished products in the industrial enterprise		0 days	0%	0 days	0%	0 days

Profitability of the business

		31/12/2013		31/12/2012		31/12/2011
Margin trading		-49.76%	-1.2%	-49.17%	-1.8%	-48.28
Profitability of the business		29.71	9.4%	27.16	-7.5%	29.37
More ratios
Rates integration		50.39%	-1.4%	51.09%	-1.8%	52.01%
Rate leasing furniture		0%	0%	0%	0%	0%
Weight interests		-0.01	-111.1%	0.09%	350.0%	0.02%

Return on capital

		31/12/2013		31/12/2012		31/12/2011
Rates of economic profitability		57.52%	23.4%	46.63%	-12.8%	53.48%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Company details

Company details

Activity (APE)	Fabrication de machines pour les industries textiles (2894Z)
RCS Registration	RCS 5 325 720 720	Share capital	7,718,400 Euros
Registration Court	(74)	Legal form	Limited Partnership by policy
Court Registry Number	19 5 7B00072	EUR VAT Number	FR80325720720
Incorporation Date	03/1925	Formation Date	01/1957
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Establishment details

Trade name	STAUBLI
Activity (APE)	Fabrication de machines pour les industries textiles (2894Z)	Business Pages FT®	MACHINES TEXTILES, ACCESSOIRES ET FOURNITURES (FABRICATION)
Postal Address	STAUBLI FAVERGES PLE ROBERT STAUBLI BP 70 74210 FAVERGES	Trading Address	PLE ROBERT STAUBLI 74210 FAVERGES
Telephone	04 50 44 41 43
Fax	04 50 44 41 43

Type	Head office (one site company)	Status	Economically active
Formation Date	01/1957	Reason for formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Haute-Savoie (74)	Region	Rhône-Alpes
District	1	Area	14
City	FAVERGES	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> STAUBLI FAVERGES <<<  - Fabrication de machines pour les industries textiles (2894Z)  in FAVERGES   (74210)
Secondary establishments

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

1 000 to 1 999 employees

Company workforce

1 000 to 1 999 employees

Event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
29/09/2014	Bodacc C	Comptes annuels et rapports
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 6808 - 325720720 RCS. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Adresse : place Robert Staubli 74210 Faverges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
29/09/2014	Bodacc C	Comptes consolidés et rapports
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 6807 - 325720720 RCS. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Adresse : place Robert Staubli 74210 Faverges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
21/08/2014	Bodacc B	Modification et mutation diverse
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 1892 - 325 720 720 RCS Annecy. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Administration : STAUBLI Yves Anthony nom d'usage : STAUBLI devient président du conseil de surveillance. Modification du(es) représentant(s) permanent(s) de membre du conseil de surveillance STAUBLI HOLDING AG : STAUBLI Anthony nom d'usage : STAUBLI n'est plus représentant permanent; STREBEL Rolf Paul nom d'usage : STREBEL devient représentant permanent. REICHMUTH Alfred nom d'usage : REICHMUTH n'est plus membre du conseil de surveillance. DE GUIGNARD DE GERMOND PREVOST DE SANSAC DE LA VAUZELLE Caroline Nancy Stéphanie nom d'usage : DE GERMOND devient membre du conseil de surveillance. STAUBLI Yves Anthony nom d'usage : STAUBLI devient membre du conseil de surveillance. RIMOLDI Enrico nom d'usage : RIMOLDI n'est plus membre du conseil de surveillance. Activité : . Commentaires : Modification de l'administration.
11/07/2014	JAL	Resignation / Revocation of the social representative
Eco des Pays de Savoie (L ) Date de décision : 27/05/2014 La société 325720720 - STAUBLI FAVERGES, STAUBLI, PLE ROBERT STAUBLI, BP 70, 74210 FAVERGES Fait l'objet du départ de Monsieur Enrico RIMOLDI, De Monsieur Alfred REICHMUTH
11/07/2014	JAL	Appointment of the social representative
Eco des Pays de Savoie (L ) Date de décision : 27/05/2014 Société faisant l'objet d'une nomination : 325720720 - STAUBLI FAVERGES, STAUBLI, PLE ROBERT STAUBLI, BP 70, 74210 FAVERGES Nominé : Monsieur Yves STAUBLI, CH 8832 WOLLEREAU En la fonction de : Président du Conseil de Surveillance Nominé : Madame Caroline DE GERMOND, CH 1206 GENEVE En la fonction de : Membre du Conseil de Surveillance Nominé : Monsieur Yves STAUBLI, CH 8832 WOLLEREAU En la fonction de : Membre du Conseil de Surveillance
09/08/2013	Bodacc C	Comptes annuels et rapports
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 11755 - 325720720 RCS. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Adresse : place Robert Staubli 74210 Faverges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
09/08/2013	Bodacc C	Comptes consolidés et rapports
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 11756 - 325720720 RCS. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Adresse : place Robert Staubli 74210 Faverges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
09/01/2013	Bodacc B	Modification et mutation diverse
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 2463 - 325 720 720 RCS Annecy. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Administration : STAUBLI AG PFAFFIKON n'est plus membre du conseil de surveillance. STAUBLI HOLDING AG devient membre du conseil de surveillance représenté(e) par STAUBLI Anthony nom d'usage : STAUBLI. REICHMUTH Alfred nom d'usage : REICHMUTH devient membre du conseil de surveillance. Activité : . Commentaires : Modification de l'administration.
21/12/2012	Bodacc B	Modification et mutation diverse
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 910 - 325 720 720 RCS Annecy. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Administration : KPMG AUDIT RHONE ALPES AUVERGNE devient commissaire aux comptes titulaire. KPMG AUDIT SUD EST devient commissaire aux comptes suppléant. Activité : . Commentaires : Modification de l'administration.
02/11/2012	JAL	Resignation / Revocation of the social representative
Eco des Pays de Savoie (L ) Date de décision : 21/09/2010 La société 325720720 - STAUBLI FAVERGES, STAUBLI, PLE ROBERT STAUBLI, BP 70, 74210 FAVERGES Fait l'objet du départ de STAUBLI AG PFAFFIKON
02/11/2012	JAL	Appointment of the social representative
Eco des Pays de Savoie (L ) Date de décision : 21/09/2010 Société faisant l'objet d'une nomination : 325720720 - STAUBLI FAVERGES, STAUBLI, PLE ROBERT STAUBLI, BP 70, 74210 FAVERGES Nominé : Monsieur Alfred REICHMUTH, 8832 WOLLERAU En la fonction de : Membre du Conseil de Surveillance Nominé : Non renseignée STAUBLI HOLDING AG, 8808 PFAFFIKON En la fonction de : Membre du Conseil de Surveillance
04/09/2012	Bodacc C	Comptes annuels et rapports
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 9738 - 325720720 RCS. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Adresse : place Robert Staubli 74210 Faverges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
04/09/2012	Bodacc C	Comptes annuels, consolidés et rapports
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 9739 - 325720720 RCS. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Adresse : place Robert Staubli 74210 Faverges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
04/01/2012	Bodacc B	Modification et mutation diverse
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 1406 - 325 720 720 RCS Annecy. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Administration : CABANNE Marc Henri Louis nom d'usage : CABANNE devient Personne ayant le pouvoir d'engager à titre habituel la société. MORISSE François Xavier Marie nom d'usage : MORISSE devient Personne ayant le pouvoir d'engager à titre habituel la société. Activité : . Commentaires : Modification de l'administration.
14/10/2011	JAL	Appointment of the social representative
Eco des Pays de Savoie (L') Société faisant l'objet d'une nomination : 325720720 - STAUBLI FAVERGES, STAUBLI, PLE ROBERT STAUBLI, BP 70, 74210 FAVERGES Nominé : Monsieur Marc CABANNE, 74940 ANNECY LE VIEUX En la fonction de : Fondé de Pouvoir Nominé : Monsieur François MORISSE, 74210 FAVERGES En la fonction de : Fondé de Pouvoir Date d'effet : 21/09/2011
30/08/2010	Bodacc C	Comptes annuels et rapports
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 7916 - 325720720 RCS. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Adresse : place Robert Staubli 74210 Faverges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
30/08/2010	Bodacc C	Comptes annuels, consolidés et rapports
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 7917 - 325720720 RCS. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Adresse : place Robert Staubli 74210 Faverges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
06/11/2009	Bodacc C	Comptes annuels et rapports
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 6544 - 325720720 RCS. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Adresse : place Robert Staubli 74210 Faverges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
23/10/2009	Bodacc C	Comptes annuels et rapports
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE COMMERCE D'ANNECY 5357 - 325720720 RCS. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Adresse : place Robert Staubli 74210 Faverges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
09/04/2008	Bodacc B	Modification et mutation diverse
74 - HAUTE-SAVOIE GREFFE DU TRIBUNAL DE GRANDE INSTANCE D'ANNECY 802 - 325 720 720 RCS Annecy. STAUBLI FAVERGES. Forme : Société en Commandite par Actions. Administration : ancien dirigeant : STAUBLI née de GERMOND (Huguette), nouveau dirigeant : RIMOLDI (Enrico). Capital : 7718400 EUR. Adresse du siège social : place Robert Staubli, 74210 Faverges. Commentaires : modification sur les dirigeants le 19/10/2007.
19/08/2007	Bodacc C	Avis de dépôt des comptes
3156 - Annecy B 325 720 720. RC 57-B 72. STAUBLI FAVERGES. Forme: S.C.A.. Adresse du siège social: place Robert-Staubli74210 Faverges. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
30/09/2006	Bodacc C	Avis de dépôt des comptes
2900 - RCS Annecy B 325 720 720. RC 57-B 72. STAUBLI FAVERGES. Forme: S.C.A.. Adresse du siège social: place Robert-Staubli74210 Faverges. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
30/09/2006	Bodacc C	Avis de dépôt des comptes
2901 - RCS Annecy B 325 720 720. RC 57-B 72. STAUBLI FAVERGES. Forme: S.C.A.. Adresse du siège social: place Robert-Staubli74210 Faverges. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
10/10/2005	Bodacc C	Avis de dépôt des comptes
3035 - RCS Annecy B 325 720 720. RC 57-B 72. STAUBLI FAVERGES. Forme: S.C.A.. Adresse du siège social: place Robert-Staubli74210 Faverges. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
10/10/2005	Bodacc C	Avis de dépôt des comptes
3036 - RCS Annecy B 325 720 720. RC 57-B 72. STAUBLI FAVERGES. Forme: S.C.A.. Adresse du siège social: place Robert-Staubli74210 Faverges. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
26/11/2002	Bodacc B	Modifications et mutations diverses
RCS Annecy 325720720 RC 57-B 72 STAUBLI FAVERGES. Forme : société en commandite par actions. Capital : 7 718 400 euros. Adresse du siège social : place Robert- Staubli, 74210 Faverges. Administration : ancien commissaire aux comptes suppléant : DURET (Bernard). Nouveau commissaire aux comptes suppléant : JOSSERAND (Jean, Luc). Date d'effet : 11 juin 2002.
30/01/2001	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Annecy B 325720720 RC 57-B 72 STAUBLI FAVERGES. Forme : S.C.A. Capital : 48 240 000 F. Adresse : place Robert-Staubli, 74210 Faverges Nouvelle situation du siège social. Capital : 7 718 400 euros. Administration : changement de dénomination des cocommissaires aux comptes titulaires. Anciens : STE D' EXPERTISE COMPTABLE FIDUCIAIRE DE FRANCE et DUBAIL (Philippe). Nouveaux : K.P.M.G. S.A. et JURALPES CONSEILS, représentée par DUBAIL (Philippe). Date d'effet : 21 septembre 2000.
12/09/1998	Bodacc A	Création d'établissement
RCS Annecy B 325 720 720 RC 57-B 72 STAUBLI FAVERGES SOCIETE CIVILE AGRICOLE. Forme : S.C.A. Capital : 48 240 000 F. Adresse du siège social : place Robert-Staubli 74210 Faverges Etablissement principal: Activité : droit au bail. Adresse : 428 rue de la Gare 74210 Faverges Résiliation de bail commercial moyennant une indemnité de 360 000 F. Date d'effet : 24 juillet 1998 Indemnisé STE HEL CAFE DE LA GARE. RCS Annecy B 398 031 013 RC 94-B 451 Publication légale: L'Agriculteur savoyard du 14 aout 1998.
07/11/1996	Bodacc B	Modifications et mutations diverses
RCS Annecy B 325 720 720 RC 57-B 72 STAUBLI FAVERGES. Forme : Société en commandite par actions. Adresse du siège social : place Robert-Staubli, 74210 Faverges. Administration : ancien membre du conseil de surveillance : STAUBLI ( Gérard). Date d'effet : 14 juin 1996.
04/04/1996	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Annecy B 325 720 720 RC 57-B 72 S.A. DES ETABLISSEMENTS STAUBLI FRANCE. Forme : S.A. Capital : 48 240 000 F. Adresse : 183 rue des Usines 74210 Faverges Nouvelle situation du siège social. Forme : société en commandite par actions. Activité : toutes opérations industrielles et commerciales se rapportant à la construction électromécanique en général fabrication de tout matériel, d' appareils, de tous objets et de pièces mécaniques en tout genre. Construction de machines. Administration : gérant associé : STAUBLI HOLDING FRANCE. Membres du conseil de surveillance : STAUBLI (Gérard) STAUBLI (Anthony) DE GERMOND, née STAUBLI (Huguette) et STAUBLI A.G. PFAFFIKON, société de droit suisse. Date d'effet : 1er janvier 1996.

Company events history

Date	Description
18/09/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
21/08/2014	Bodacc B: Various editing or changing
31/07/2014	Minutes of general meeting of shareholders
31/07/2014	Amendment
11/07/2014	Legal Gazette: Resignation / Revocation of the social representative
27/05/2014	Legal Gazette: Appointment of the social representative
05/04/2014	New subsidiarie(s) detected
31/12/2013	New accounts available
31/12/2013	New consolidated accounts available
28/12/2013	Update Rating
26/12/2013	New Filling of Tax Office preferential right
09/08/2013	Deposit accounts notice
15/07/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
09/07/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/06/2013	Updated articles of association
18/06/2013	Minutes of general meeting of shareholders
09/01/2013	Various editing or changing
04/01/2013	New subsidiarie(s) detected
31/12/2012	New consolidated accounts available
31/12/2012	New accounts available
21/12/2012	Various editing or changing
16/11/2012	Minutes of general meeting of shareholders
08/11/2012	Minutes of general meeting of shareholders
02/11/2012	Legal Gazette: Resignation / Revocation of the social representative
04/09/2012	Deposit accounts notice
10/08/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
16/02/2012	Collection of preferential rights activated for this company
03/02/2012	New ultimate parent
04/01/2012	Various editing or changing
31/12/2011	New accounts available
31/12/2011	New consolidated accounts available
12/12/2011	Amendment
21/09/2011	Legal Gazette: Appointment of the social representative
08/09/2011	Deposit accounts notice
18/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/04/2011	New subsidiarie(s) detected
31/12/2010	New consolidated accounts available
31/12/2010	New accounts available
21/09/2010	Legal Gazette: Appointment of the social representative
30/08/2010	Deposit accounts notice
31/12/2009	New accounts available
16/12/2009	Payment incident closed
13/11/2009	Payment incident detected
06/11/2009	Deposit accounts notice
23/10/2009	Deposit accounts notice
31/12/2008	New accounts available
09/04/2008	Various editing or changing
11/03/2008	Updated articles of association
11/03/2008	Statuts mis à jour
11/03/2008	Minutes of general meeting of shareholders
11/03/2008	PV d'Assemblée
11/03/2008	Private document
31/12/2007	New accounts available
31/12/2007	New consolidated accounts available
31/12/2006	New consolidated accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
07/11/2002	PV d'Assemblée
07/11/2002	Statuts mis à jour
09/10/2002	Statuts mis à jour
09/10/2002	PV d'Assemblée
09/09/2002	PV d'Assemblée
09/09/2002	Statuts mis à jour
01/01/2002	Changement de Commissaire aux Comptes
01/01/2002	PV d'Assemblée
01/01/2002	Acte modificatif
01/01/2002	Acte sous seing privé
01/01/2002	Statuts mis à jour
01/01/2001	Acte sous seing privé
01/01/2001	Statuts mis à jour
01/01/2001	PV d'Assemblée
01/01/2001	Conversion du Capital Social en Euros
01/01/2001	Augmentation de Capital
21/12/2000	Statuts mis à jour
21/12/2000	PV d'Assemblée
01/01/1998	PV d'Assemblée
01/01/1998	Acte sous seing privé
01/01/1998	Statuts mis à jour
29/12/1997	PV d'Assemblée
29/12/1997	Statuts mis à jour
22/08/1996	PV d'Assemblée
15/01/1996	Statuts mis à jour
15/01/1996	PV d'Assemblée
01/01/1996	Prorogation de durée
01/01/1996	Nomination/démission des organes de gestion
01/01/1996	Statuts mis à jour
01/01/1996	Changement de Forme Juridique sans changement de catégorie
01/01/1996	Modification de l'objet social
01/01/1996	PV d'Assemblée
01/01/1996	Changement de dénomination sociale
23/10/1995	Rapport des Commissaires ou du Gérant
01/01/1995	Acte modificatif
04/07/1994	PV d'Assemblée
01/01/1994	PV d'Assemblée
07/07/1993	PV d'Assemblée
01/01/1993	PV d'Assemblée
01/01/1993	Nomination/démission des organes de gestion
01/01/1993	Modification du Conseil d'Administration
01/01/1992	Statuts mis à jour
01/01/1992	PV d'Assemblée
01/01/1992	Déclaration de conformité
01/01/1992	Augmentation de Capital

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.30
UK Pound	1	Rs.99.16
Euro	1	Rs.78.59

INFORMATION DETAILS

Analysis Done by :	SUM
Report Prepared by :	PDT

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.