MIRA INFORM REPORT

Report Date :

16.09.2014

IDENTIFICATION DETAILS

Name :	APERAM ALLOYS AMILLY
Registered Office :	30 AV Des Fruitiers Saint Denis 93210 La Plaine Saint Denis
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	January 1962
Com. Reg. No.:	0 612 013 268
Legal Form :	Simplified joint stock company
Line of Business :	Manufacture of electric motors, generators and transformers
No. of Employees	50 to 99

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – 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

Company name and address

APERAM ALLOYS AMILLY

Top of Form

company summary

		EUR VAT Number	FR51612013268
Activity (APE)	Manufacture of electric motors, generators and transformers	Legal form	Simplified joint stock company
Phone		RCS Registration	RCS Bobigny 0 612 013 268
Fax		Share capital	564,350 Euros
Address	APERAM ALLOYS AMILLY 30 AV DES FRUITIERS SAINT DENIS 93210 LA PLAINE SAINT DENIS	Incorporated Date	02/1962
Nationality	France	Status	Economically active

Payment Information Summary
Total number of Invoices available	1
Total number of Invoices paid within or up to 30 days after the due date	1
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Company number	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	12/31/2013	12/31/2012	12/31/2011
Turnover	25,899,750 €	23,384,926 €	22,814,332 €
Gross Operating Surplus	11.58 % Turnover	11.13 % Turnover	12.94 % Turnover
Shareholders’ equity	2,913,460 €	3,036,852 €	3,108,583 €
Net result	1,483,839 €	1,633,488 €	1,576,188 €
Employees	50 to 99 employees	-	-

Trends
Profitability
Liquidity
Net worth

Company details

Activity (APE)	Manufacture of electric motors, generators and transformers
RCS Registration	RCS Bobigny 0 612 013 268	Share capital	564,350 Euros
Registration Court	Bobigny (93)	Legal form	Simplified joint stock company
Court Registry Number	20 0 6B03440	EUR VAT Number	FR51612013268
Incorporation Date	02/1962	Formation Date	10/1984
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Establishment details

Activity (APE)	Manufacture of electric motors, generators and transformers	Business Pages FT®
Postal Address	APERAM ALLOYS AMILLY 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	2 branch entities in this company
Head office	Manufacture of electric motors, generators and transformers
Secondary establishments	Manufacture of electric motors, generators and transformers

Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

Workforce unknown

Company workforce

50 to 99 employees

Financial data

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	18/08/2014	09/12/2013	26/10/2012
Activity Code	2711Z	2711Z	2711Z
Employees	106	0	100

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	2,355,749	59.2%	1,479,802	14.6%	1,290,972	192,109	1126.3%
- Intangible assets	21,149	2.0%	20,728	-49.1%	40,711	17,942	17.9%
- Tangible assets	2,333,601	60.0%	1,458,074	16.7%	1,249,261	103,907	2145.9%
- Financial assets	1,000	0%	1,000	0%	1,000	9,558.50	-89.5%
Net current assets	11,347,719	30.6%	8,690,358	9.0%	7,972,155	1,125,990	907.8%
- Stocks	3,225,033	29.6%	2,487,700	-30.7%	3,588,050	326,949	886.4%
- Advanced payments	0	30.6%	0	0%	0	0	0%
- Receivables	8,026,536	30.4%	6,153,150	43.8%	4,280,005	482,356	1564.0%
- Securities and cash	96,150	94.2%	49,508	-52.4%	104,100	117,743.50	-18.3%
- Prepaid expenses	-	-	-	-	-	1,524.50	-
Accounts of regularization	18,269	-10.1%	20,321	549.4%	3,129	0	0%
Total Assets	13,721,737	34.7%	10,190,482	10.0%	9,266,256	1,261,284	987.9%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Shareholders' equity	2,913,460	-4.1%	3,036,852	-2.3%	3,108,583	528,287	451.5%
Share capital	564,350	0%	564,350	0%	564,350	160,000	252.7%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1,065,864	-3.1%	1,099,968	2.5%	1,073,492	0	0%
Liabilities	9,699,902	62.2%	5,978,901	18.4%	5,049,030	812,320	1094.1%
- Financial liabilities	0	0%	16,947	0%	0	126,057	0%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	3,943,268	61.0%	2,448,789	15.0%	2,128,847	280,889.50	1303.9%
- Tax and social liabilities	1,433,844	1.7%	1,409,383	4.1%	1,353,542	195,416	633.7%
- Other debts and fixed assets liabilities	4,365,301	100.4%	2,178,542	36.0%	1,601,791	8,133	53573.9%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	13,721,737	34.7%	10,190,482	10.0%	9,266,256	1,261,284.50	987.9%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Sales of Goods	26,504,305	16.6%	22,724,507	-2.5%	23,317,288	2,228,709.50	1089.2%
Net turnover	25,899,750	10.8%	23,384,926	2.5%	22,814,332	2,226,498.50	1063.3%
- of which net export turnover	10,807,475	25.0%	8,643,347	1.2%	8,538,014	22,119	48760.6%
Operating charges	24,058,049	18.6%	20,288,926	-2.0%	20,705,636	2,203,849.50	991.6%
Operating profit/loss	2,446,255	0.4%	2,435,581	-6.7%	2,611,652	53,264.50	4492.7%
Financial income	253,966	-64.5%	715,237	3124.3%	22,183	1,772	14232.2%
Financial charges	276,526	-57.4%	649,088	9586.4%	6,701	6,232.50	4336.8%
Financial profit/loss	-22,560	-134.1%	66,149	327.3%	15,482	-1,658.50	-1260.3%
Pretax net operating income	2,423,696	-3.1%	2,501,730	-4.8%	2,627,134	52,818.50	4488.7%
Extraordinary income	263,631	42.6%	184,897	157.3%	71,871	3,989.50	6508.1%
Extraordinary charges	202,837	87.2%	108,326	-45.5%	198,820	5,419.50	3642.7%
Extraordinary profit/loss	60,794	-20.6%	76,571	160.3%	-126,949	0	0%
Net result	1,483,839	-9.2%	1,633,488	3.6%	1,576,188	45,741	3144.0%

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	13,721,737	34.7%	10,190,482	10.0%	9,266,256
	Gross	CO	23,268,063	20.7%	19,275,388	5.8%	18,215,790
	Amortisation	1A	9,546,326	5.1%	9,084,906	1.5%	8,949,534

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	2,355,749	59.2%	1,479,802	14.6%	1,290,972
	Gross	BJ	11,315,827	10.4%	10,253,606	4.2%	9,842,000
	Amortisation	BK	8,960,078	2.1%	8,773,804	2.6%	8,551,028

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	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	21,149	2.0%	20,728	-49.1%	40,711
	Gross	AJ	325,942	4.8%	311,154	0%	311,154
	Amortisation	AK	304,793	4.9%	290,426	7.4%	270,443
	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	21,149	2.0%	20,728	-49.1%	40,711

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	Lands	Net	177,882	-1.9%	181,272	-1.8%	184,663
	Gross	AN	274,548	0%	274,548	0%	274,548
	Amortisation	AO	96,667	3.6%	93,276	3.8%	89,885
	Buildings	Net	598,383	525.2%	95,704	-16.4%	114,472
	Gross	AP	3,205,971	20.1%	2,669,330	0%	2,669,330
	Amortisation	AQ	2,607,587	1.3%	2,573,626	0.7%	2,554,858
	Plant	Net	1,542,023	66.9%	923,958	29.2%	714,987
	Gross	AR	7,302,916	11.5%	6,551,595	6.3%	6,165,249
	Amortisation	AS	5,760,893	2.4%	5,627,637	3.3%	5,450,262
	Other tangible fixed assets	Net	1,313	-49.7%	2,611	-55.5%	5,870
	Gross	AT	191,450	0%	191,450	0%	191,450
	Amortisation	AU	190,137	0.7%	188,839	1.8%	185,580
	Fixed assets in construction	Net	14,000	-94.5%	254,529	11.0%	229,269
	Gross	AV	14,000	-94.5%	254,529	11.0%	229,269
	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	2,333,601		1,458,074		1,249,261

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	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	1,000	0%	1,000	0%	1,000
	Gross	BH	1,000	0%	1,000	0%	1,000
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		1,000		1,000		1,000

Current Assets (III)

			31/12/2013		31/12/2012		31/12/2011
	Total Assets	Net	11,347,719	30.6%	8,690,358	9.0%	7,972,155
	Gross	CJ	11,933,967	32.6%	9,001,462	7.5%	8,370,661
	Amortisation	CK	586,248	88.4%	311,104	-21.9%	398,506

Stocks

			31/12/2013		31/12/2012		31/12/2011
	Raw materials	Net	1,822,278	25.7%	1,449,707	-14.6%	1,696,655
	Gross	BL	2,152,511	33.1%	1,617,776	-12.9%	1,858,377
	Amortisation	BM	330,232	96.5%	168,069	3.9%	161,722
	Work in progress (goods)	Net	599,461	44.6%	414,537	-35.6%	643,260
	Gross	BN	626,320	43.4%	436,897	-43.3%	770,133
	Amortisation	BO	26,859	20.1%	22,360	-82.4%	126,873
	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	803,294	28.8%	623,456	-50.0%	1,248,135
	Gross	BR	1,003,774	41.5%	709,277	-45.6%	1,302,694
	Amortisation	BS	200,481	133.6%	85,821	57.3%	54,559
	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	3,225,033	29.6%	2,487,700	-30.7%	3,588,050

Advance payments to suppliers

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

			31/12/2013		31/12/2012		31/12/2011
	Trade accounts receivable	Net	6,070,858	34.7%	4,505,783	22.3%	3,685,623
	Gross	BX	6,099,534	34.3%	4,540,637	21.4%	3,740,975
	Amortisation	BY	28,676	-17.7%	34,854	-37.0%	55,352
	Other debtors	Net	1,943,667	18.8%	1,635,855	176.7%	591,147
	Gross	BZ	1,943,667	18.8%	1,635,855	176.7%	591,147
	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	8,014,525	30.5%	6,141,638	43.6%	4,276,770

Divers

			31/12/2013		31/12/2012		31/12/2011
	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	96,150	94.2%	49,508	-52.4%	104,100
	Gross	CF	96,150	94.2%	49,508	-52.4%	104,100
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	96,150	94.2%	49,508	-52.4%	104,100

Prepaid expenses

			31/12/2013		31/12/2012		31/12/2011
	Prepaid expenses	Net	12,011	4.3%	11,512	255.9%	3,235
	Gross	CH	12,011	4.3%	11,512	255.9%	3,235
	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	18,269	-10.1%	20,321	549.4%	3,129
Gross		18,269	-10.1%	20,321	549.4%	3,129

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	13,721,737	34.7%	10,190,482	10.0%	9,266,256

Shareholder Equity (I)

			31/12/2013		31/12/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	2,913,460	-4.1%	3,036,852	-2.3%	3,108,583
	Equity and shareholders' equity	DA	564,350	0%	564,350	0%	564,350
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	132,936	0%	132,936	0%	132,936
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	56,435	0%	56,435	0%	56,435
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	4,780	5590.5%	84	-99.8%	48,616
	Profit or loss for the period	DI	1,483,839	-9.2%	1,633,488	3.6%	1,576,188
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	671,120	3.3%	649,559	-11.0%	730,058

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	1,065,864	-3.1%	1,099,968	2.5%	1,073,492
	Risk provisions	DP	169,439	13.5%	149,251	13.2%	131,798
	Reserves for charges	DQ	896,425	-5.7%	950,717	1.0%	941,694

Liabilities (IV)

			31/12/2013		31/12/2012		31/12/2011
	Total Liabilities (Total IV)	EC	9,699,902	62.2%	5,978,901	18.4%	5,049,030
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	16,947	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	3,943,268	61.0%	2,448,789	15.0%	2,128,847
	Tax and social security liabilities	DY	1,433,844	1.7%	1,409,383	4.1%	1,353,542
	Fixed asset liabilities	DZ	0	0%	0	0%	6,518
	Other debts	EA	4,322,789	105.5%	2,103,782	34.8%	1,560,123

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	42,512	-43.1%	74,760	112.7%	35,150

Equalization accounts

		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	0	0%	0	0%	0

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	9,699,902	62.2%	5,978,901	18.4%	5,049,030
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	2,446,255	0.4%	2,435,581	-6.7%	2,611,652

2 -Financial result(V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	-22,560	-134.1%	66,149	327.3%	15,482

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	2,423,696	-3.1%	2,501,730	-4.8%	2,627,134

4 -Extraordinary result(VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	60,794	-20.6%	76,571	160.3%	-126,949

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	1,483,839	-9.2%	1,633,488	3.6%	1,576,188

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	27,021,902	14.4%	23,624,641	0.9%	23,411,342

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	25,538,063	16.1%	21,991,154	0.7%	21,835,154

Operating income(I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	26,504,305	16.6%	22,724,507	-2.5%	23,317,288

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	25,602,085	11.0%	23,070,180	2.3%	22,554,067
	France	FD	14,863,107	2.9%	14,439,366	2.8%	14,043,029
	Export	FE	10,738,977	24.4%	8,630,814	1.4%	8,511,038
	Sale of services	FI	297,666	-5.4%	314,746	20.9%	260,265
	France	FG	229,168	-24.2%	302,213	29.5%	233,289
	Export	FH	68,498	446.5%	12,533	-53.5%	26,976
	Net turnover	FL	25,899,750	10.8%	23,384,926	2.5%	22,814,332
	France	FJ	15,092,275	2.4%	14,741,579	3.3%	14,276,318
	Export	FK	10,807,475	25.0%	8,643,347	1.2%	8,538,014
	Stocked production	FM	483,921	152.2%	-926,653	-367.3%	346,688
	Self-constructed assets	FN	0	0%	7,163	0%	0
	Operating grants	FO	0	0%	4,139	-31.5%	6,038
	Release of reserves and provisions	FP	96,754	-60.8%	246,562	66.4%	148,131
	Other income	FQ	23,880	185.3%	8,370	298.8%	2,099

Operating charges(II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	24,058,049	18.6%	20,288,926	-2.0%	20,705,636

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	346,789	58.3%	219,012	45.9%	150,074
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	12,932,206	38.4%	9,342,474	-5.0%	9,839,103
Change in stocks of raw materials	FV	-534,735	-322.2%	240,601	151.1%	-470,405
Other external purchases and charges	FW	5,692,476	12.8%	5,045,973	-12.1%	5,741,608
Tax, duty and similar payments	FX	534,528	-2.4%	547,482	9.7%	499,130
Payroll	FY	3,027,787	3.7%	2,918,901	-4.1%	3,042,520
Social security costs	FZ	1,386,593	-10.7%	1,553,400	9.9%	1,413,589

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	228,487	-2.1%	233,363	42.1%	164,190
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	313,931	386.9%	64,479	-69.5%	211,634
Provisions for risks and charges	GD	129,261	24.3%	103,965	-8.5%	113,573

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	727	-96.2%	19,276	3009.0%	620

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	253,966	-64.5%	715,237	3124.3%	22,183
	Share financial income	GJ	259	2.4%	253	-94.4%	4,485
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	01	-98.0%	51	-34.6%	78
	Released provisions and transferred charges	GM	20,321	549.4%	3,129	0%	0
	Exchange gains	GN	233,386	-67.2%	711,804	3939.8%	17,620
	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	276,526	-57.4%	649,088	9586.4%	6,701
	Financial reserves and provisions	GQ	18,269	-10.1%	20,321	549.4%	3,129
	Interest and similar charges	GR	7,944	-7.6%	8,595	140.7%	3,571
	Exchange losses	GS	250,313	-59.6%	620,172	62017100%	01
	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	263,631	42.6%	184,897	157.3%	71,871
	Extraordinary operating income	HA	0	0%	0	0%	1,058
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	263,631	42.6%	184,897	161.1%	70,813

Extraordinary charges(VIII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary charges (Total VIII)	HH	202,837	87.2%	108,326	-45.5%	198,820
	Extraordinary operating charges	HE	-1,130	-128.8%	3,927	-95.8%	93,409
	Extraordinary charges from capital transactions	HF	22,121	0%	0	0%	0
	Extraordinary reserves and provisions	HG	181,846	74.2%	104,399	-1.0%	105,411

Employee profit sharing(IX)

		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	107,578	49.3%	72,031	25.0%	57,630

Tax on profits(X)

		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	893,073	2.3%	872,783	0.7%	866,367

References

		31/12/2013		31/12/2012		31/12/2011
Of which equipment leases	HP	20,157	34.9%	14,939	557.8%	2,271
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	6,092
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	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)

			31/12/2013		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	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)

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

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

			31/12/2013		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	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)

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

			31/12/2013		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	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)

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

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

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

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	0	0%	0	0%	0
1 year at most	VU	0	0%	0	0%	0
More than one year	VV	0	0%	0	0%	0

State of loans

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

		31/12/2013		31/12/2012		31/12/2011
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	0

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	0	0%	0	0%	0
1 year at most		VZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2013		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	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	0	0%	0	0%	0
1 year at most		8B2	0	0%	0	0%	0
More than 1 year and 5 years at most		8B3	0	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0	0%	0
1 year at most		8D2	0	0%	0	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	0
1 year at most		VQ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

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

		31/12/2013		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	106	0%	0	0%	100

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		1.14	-9.5%	1.26	-2.3%	1.29	2.03	-43.8%
Global Debt		135days	46.7%	92days	15.0%	80days	116days	16.4%
Working Capital Fund overall net		23days	-43.9%	41days	-10.9%	46days	105days	-78.1%
Financial independence		%	-	17919.70%	-	%	835.19%	-
More ratios
Solvability		21.23%	-28.8%	29.80%	-11.2%	33.55%	43.23%	-50.9%
Capacity debt futures		%	-	%	-	%	2016.10%	-
Coverage of current assets by net working capital overall		13.62%	-54.2%	29.74%	-13.9%	34.55%	49.44%	-72.5%
General Liquidity			-		-		0.93	-
Restricted Liquidity			-		-		1.33	-

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Need background in operating working capital		21days	-48.8%	41days	-6.8%	44days	62days	-66.1%
Treasury		1days	0%	1days	-50.0%	2days	12days	-91.7%
Inventory turnover of goods		0days	0%	0days	0%	0days	8days	0%
Average length of credit granted to customers		85days	21.4%	70days	18.6%	59days	63days	34.9%
Average length of credit obtained suppliers		77days	30.5%	59days	18.0%	50days	64days	20.3%
More ratios
Inventory turnover of raw materials in industrial enterprises		60days	-3.2%	62days	-8.8%	68days	92days	-34.8%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	525days	-
Rotation tangible assets		%	-	%	-	%	451.11%	-

Profitability of the business

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Margin trading		-1.34%	-42.6%	-0.94%	-42.4%	-0.66	0%	0%
Profitability of the business		11.58	4.0%	11.13	-14.0%	12.94	5.28%	119.3%
Net profit		5.73%	-18.0%	6.99%	1.2%	6.91%	3.58%	60.1%
More ratios
Growth rate of turnover (excluding VAT)		10.75%	330.0%	2.50%	-77.3%	11%	0.77%	1296.1%
Rates integration		30.68%	-5.8%	32.57%	-5.9%	34.63%	38.92%	-21.2%
Rate leasing furniture		0.08%	33.3%	0.06%	500%	0.01%	0%	0%
Work Factor		55.55%	-5.4%	58.71%	4.1%	56.40%	81.77%	-32.1%
Weight interests		1.07	-61.5%	2.78%	9166.7%	0.03%	0.29%	269.0%

Return on capital

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Cash flow from the overall profitability		7.47%	-12.3%	8.52%	5.2%	8.10%	4.83%	54.7%
Rates of economic profitability		103%	21.2%	85%	-10.5%	95%	15.50%	564.5%
Financial profitability		2913460%	-4.1%	3036852%	-2.3%	3108583%	528287%	451.5%
Return on investment		60.42%	-19.2%	74.75%	46.8%	50.92%	10.56%	472.2%

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	25,899,750	10.8%	23,384,926	2.5%	22,814,332	2,226,498 €	1063.3%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	346,789	58.3%	219,012	45.9%	150,074
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	-346,789 €	-58.3%	-219,012 €	-45.9%	-150,074 €	0 €	0%
	-1.34 % CA	-42.6%	-0.94 % CA	-42.4%	-0.66 % CA	0 % CA	0%

Sale of goods produced	25,899,751	10.8%	23,384,926	2.5%	22,814,332
+/- Stocked production	483,921	152.2%	-926,653	-367.3%	346,688
+ Self-constructed assets	0	0%	7,163	0%	0
Period production	26,383,672 €	17.4%	22,465,436 €	-3.0%	23,161,020 €	1,385,442 €	1804.4%
	101.87 % CA	6.0%	96.07 % CA	-5.4%	101.52 % CA	99.82 % CA	2.1%

Trading margin	-346,789	-58.3%	-219,012	-45.9%	-150,074	0	0%
+ Period Production	26,383,672	17.4%	22,465,436	-3.0%	23,161,020	1,385,442	1804.4%
- Purchase of raw materials	12,932,206	38.4%	9,342,474	-5.0%	9,839,103
+/- Change in stocks of raw materiels	-534,735	-322.2%	240,601	151.1%	-470,405
- Other external purchases and charges	5,692,476	12.8%	5,045,973	-12.1%	5,741,608
Added value	7,946,936 €	4.3%	7,617,376 €	-3.6%	7,900,640 €	775,653.50 €	924.5%
	30.68 % CA	-5.8%	32.57 % CA	-5.9%	34.63 % CA	38.92 % CA	-21.2%

Added value	7,946,936 €	4.3%	7,617,376 €	-3.6%	7,900,640 €	775,653.50 €	924.5%
+ Operating grants	0	0%	4,139	-31.5%	6,038
- Tax, duty and similar payments	534,528	-2.4%	547,482	9.7%	499,130
- Personal charges	4,414,380	-1.3%	4,472,301	0.4%	4,456,109
Gross operating surplus	2,998,028 €	15.2%	2,601,732 €	-11.8%	2,951,439 €	75,257 €	3883.7%
	11.58 % CA	4.0%	11.13 % CA	-14.0%	12.94 % CA	5.28 % CA	119.3%

Gross operating surplus	2,998,028 €	15.2%	2,601,732 €	-11.8%	2,951,439 €	75,257 €	3883.7%
+ Release of reserves and provisions	96,754	-60.8%	246,562	66.4%	148,131
+ Other operating income	23,880	185.3%	8,370	298.8%	2,099
- Depreciation/Amortisation	671,679	67.2%	401,807	-17.9%	489,397
- Other charges	727	-96.2%	19,276	3009.0%	620
Operating result	2,446,256 €	0.4%	2,435,581 €	-6.7%	2,611,652 €	53,264.50 €	4492.7%
	9.45 % CA	-9.3%	10.42 % CA	-9.0%	11.45 % CA	4.56 % CA	107.2%

Operating result	2,446,256 €	0.4%	2,435,581 €	-6.7%	2,611,652 €	53,264.50 €	4492.7%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	253,966	-64.5%	715,237	3124.3%	22,183
- Financial charges	276,526	-57.4%	649,088	9586.4%	6,701
Pre-tax result	2,423,696 €	-3.1%	2,501,730 €	-4.8%	2,627,134 €	52,818.50 €	4488.7%
	9.36 % CA	-12.5%	10.70 % CA	-7.1%	11.52 % CA	3.67 % CA	155.0%

Extraordinary income	263,631	42.6%	184,897	157.3%	71,871	3,989.50	6508.1%
- Extraordinary charges	202,837	87.2%	108,326	-45.5%	198,820
Extraordinary result	60,794 €	-20.6%	76,571 €	160.3%	-126,949 €	0 €	0%
	0.23 % CA	-30.3%	0.33 % CA	158.9%	-1 % CA	0 % CA	0%

Pre-tax result	2,423,696 €	-3.1%	2,501,730 €	-4.8%	2,627,134 €	52,818.50 €	4488.7%
Extraordinary result	60,794 €	-20.6%	76,571 €	160.3%	-126,949 €	0 €	0%
- Employee profit sharing	107,578	49.3%	72,031	25.0%	57,630
- Tax on profits	893,073	2.3%	872,783	0.7%	866,367
Net result	1,483,839 €	-9.2%	1,633,487 €	3.6%	1,576,188 €	45,743.50 €	3143.8%
	5.73 % CA	-18.0%	6.99 % CA	1.2%	6.91 % CA	3.58 % CA	60.1%

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	13/09/2007
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	APERAM
Direct parent	APERAM ALLOYS IMPHY - 100 %
Group – Number of companies	27
Linkages – Number of companies	1
Number of countries	1

Group Structure

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APERAM

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Company Name	SIREN	Parts	Last account published
APERAM	B155908	-	31/12/2013
APERAM SOUTH AMERICA	-	100%	-
APERAM STAINLESS SERVICES & SOLUTION...	HRB 12631	100%	31/12/2012
APERAM STAINLESS SERVICES & SOLUTION...	US00810977	100%	-
APERAM STAINLESS BELGIUM	-	100%	-
ARCELORMITTAL BIOENERGIA LTDA	-	36.50%	-
APERAM STAINLESS FRANCE	501651616	100%	31/12/2013
IMHUA SPECIAL METAL CO. LTD	-	65%	-
APERAM STAINLESS SCE & SOLUTIONS I...	390216570	100%	31/12/2012
APERAM ALLOYS IMPHY	440326692	100%	31/12/2012
APERAM ALLOYS AMILLY	612013268	100%	31/12/2013
APERAM ALLOYS SERVICE	340429620	99.99%	31/12/2012
APERAM ALLOYS RESCAL	326144490	100%	31/12/2012
APERAM STAINLESS SERVICES & SOLUTI...	399403435	100%	31/12/2013
APERAM STAINLESS SCE SOLUTION TUBE...	485720015	100%	31/12/2013
MEUSIENNE D'ITALIA	-	100%	-
APERAM STAINLESS SCE & SOLUTION ...	433986536	100%	31/12/2013
APERAM STAINLESS EUROPE	303284269	95%	31/12/2013
UGINE IBERICA S.A.	-	100%	-
UGINE ITALIA SRL	-	100%	-
APERAM STAINLESS SCE & SOLUT PRECI...	410436265	100%	31/12/2013
APERAM TREASURY SNC	528617004	Majority	-
RECYCO	538842188	100%	31/12/2013
APERAM STAINLESS SERVICES & SOLUTION...	-	100%	-
ARCELORMITTAL INOX BRAZIL SERVICOS	-	100%	-
ARCELORMITTAL INOX BRAZIL TUBOS	-	100%	-
ARCELORMITTAL STAINLESS AUTOMOTIVE T...	-	100%	-

Shareholders

Type of shareholder

Shareholders

Linkages

Ultimate parent company	APERAM
Direct parent	APERAM ALLOYS IMPHY - 100 %
Group – Number of companies	27
Linkages – Number of companies	1
Number of countries	1
Company Name		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
25/08/2014	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 11600 - 612013268 RCS. Aperam Alloys Amilly. Forme : Société par actions simplifiée à associé unique. Adresse : 30 avenue des Fruitiers 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
28/12/2013	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 12805 - 612013268 RCS. Aperam Alloys Amilly. Forme : Société par actions simplifiée à associé unique. Adresse : 30 avenue des Fruitiers 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
20/12/2012	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 1993 - 612 013 268 RCS Bobigny. APERAM ALLOYS AMILLY. Forme : Société par actions simplifiée à associé unique. Activité : . Adresse du siège social : 30 avenue des Fruitiers, 93200 Saint-Denis. Commentaires : Modification de l'adresse du siège.
06/12/2012	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 612013268 - APERAM ALLOYS AMILLY 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
28/09/2012	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 14972 - 612013268 RCS. Aperam Alloys Amilly. Forme : Société par actions simplifiée à associé unique. Adresse : 1 à 5 rue Luigi Cherubini 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
31/10/2011	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 13820 - 612013268 RCS. Aperam Alloys Amilly. Forme : Société par actions simplifiée à associé unique. Adresse : 1 à 5 rue Luigi Cherubini 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
04/03/2011	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 1584 - 612 013 268 RCS Bobigny. APERAM ALLOYS AMILLY. Forme : Société par actions simplifiée à associé unique. Activité : . Commentaires : Modification de la forme juridique. 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 13933 - 612013268 RCS. ArcelorMittal - Stainless & Nickel Alloys Components. Forme : Société par actions simplifiée. Adresse : 1 à 5 rue Luigi Cherubini 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
23/12/2009	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 9585 - 612013268 RCS. ArcelorMittal - Stainless & Nickel Alloys Components. Forme : Société par actions simplifiée. Adresse : 1 à 5 rue Luigi Cherubini 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
03/12/2008	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 10516 - 612013268 RCS. ArcelorMittal - Stainless& Nickel Alloys Components. Forme : Société par actions simplifiée. Adresse : 1 à 5 rue Luigi Cherubini 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
25/11/2008	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 1648 - 612 013 268 RCS Bobigny. ARCELORMITTAL - STAINLESS & NICKEL ALLOYS COMPONENTS. Forme : Société par actions simplifiée. Administration : Président : BOULOGNE Bruno Jean Daniel en fonction le 22 Septembre 2008. Commissaire aux comptes suppléant : BEAS en fonction le 12 Novembre 2008. Commissaire aux comptes titulaire : DELOITTE & ASSOCIES en fonction le 12 Novembre 2008. Commentaires : Modification de représentant.
01/10/2008	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 3194 - 612 013 268 RCS Bobigny. ARCELORMITTAL - STAINLESS & NICKEL ALLOYS COMPONENTS. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : AUDITEX en fonction le 07 Juillet 2006. Commissaire aux comptes titulaire : ERNST & YOUNG et Autres en fonction le 07 Juillet 2006. Président : BOULOGNE Bruno Jean Daniel en fonction le 22 Septembre 2008. Commentaires : Modification de représentant.
18/03/2008	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 9330 - 612013268 RCS. MECAGIS. Forme : Société par actions simplifiée. Adresse : 1 à 5 rue Luigi Cherubini 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
16/03/2008	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 5979 - 612 013 268 RCS Bobigny. ARCELORMITTAL - STAINLESS & NICKEL ALLOYS COMPONENTS. Forme : Société par actions simplifiée. Commentaires : Modification du nom ou de la dénomination.
20/11/2006	Bodacc C	Avis de dépôt des comptes
8586 - RCS Bobigny B 612 013 268. RC 06-B 3440. MECAGIS. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 1, A 5 rue Luigi Cherubini,93200 Saint-Denis. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
08/08/2006	Bodacc B	Modifications et mutations diverses
3130 - RCS Bobigny B 612 013 268. RC 06-B 3440. MECAGIS. Forme : S.A.S. Capital : 564 350 euros. Commentaires : modification survenue sur la forme juridique, le capital (augmentation) et l'administration. Administration : modification du président : BLAIN (Robert). Commissaire aux comptes titulaire partant : STE BARBIER FRINAULT & Cie. Commissaire aux comptes suppléant partant : GOUVERNEYRE (Alain). Associés en nom partants : IMPHY (Alloys) IMPHY (Mill). Nomination d'un commissaire aux comptes suppléant : AUDITEX. Nomination d'un commissaire aux comptes titulaire : ERNST & YOUNG ET AUTRES.
11/07/2006	Bodacc B	Modifications et mutations diverses
1761 - RCS B 612 013 268. RC 06-B 3440. MECAGIS. Forme : S.N.C. Capital : 2 257 400 euros. Adresse du siège social : 1-5 rue Luigi-Cherubini, 93200 Saint-Denis. Administration : gérant non associé : BLAIN (Robert). Commissaire aux comptes titulaire : STE BARBIER FRINAULT & COMPAGNIE. Commissaire aux comptes suppléant : GOUVERNEYRE (Alain). Associés en nom : IMPHY (Alloys) IMPHY (Mill). Etablissement principal - Activité : transformation de métaux, fabrication de petit matériel destiné à l'industrie mécanique et électrique commerce de ces produits, tores, profils et composants . Adresse : 1-5 rue Luigi-Cherubini, 93200 Saint-Denis. Commentaires : cette société transfère son siège de l'immeuble Pacific, 13 cours Valmy, La Défense 7, 92800 Puteaux. Date d'effet : 21 avril 2006.
23/09/2005	Bodacc C	Avis de dépôt des comptes
5201 - RCS Nanterre B 612 013 268. RC 85-B 180. MECAGIS. Forme: S.N.C. Adresse du siège social: 13, cours Valmy -,immeuble Pacific - la Défense 7, 92800 Puteaux. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
02/09/2005	Bodacc B	Modifications et mutations diverses
1780 - RCS Nanterre B 612 013 268. RC 85-B 180. MECAGIS. Forme : S.N.C. Commentaires : modification survenue sur l'administration. Administration : associé gérant partant : IMPHY UGINE PRECISION, représentée par CHABOUD (Michel). Nomination d'un associé en nom : IMPHY MILL.
03/03/2005	Bodacc B	Modifications et mutations diverses
1291 - RCS Nanterre B 612 013 268. RC 85-B 180. MECAGIS. Forme : S.N.C. Commentaires : modification survenue sur l'administration. Administration : modification d'un associé gérant : IMPHY UGINE PRECISION, représentée par CHABOUD (Michel). Associé partant : UGITECH S.A. Nomination d'un associé en nom : IMPHY ALLOYS.
16/01/2005	Bodacc C	Avis de dépôt des comptes
3579 - RCS Nanterre B 612 013 268. RC 85-B 180. MECAGIS. Forme: S.N.C. Adresse du siège social: 13, cours Valmy -,immeuble Pacific - la Défense 7, 92800 Puteaux. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
22/08/2004	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 612013268 RC 85-B 180 MECAGIS. Forme : S.N.C. Commentaires : modification survenue sur l' administration. Administration : associé partant : SPRINT METAL S.A. Nomination d'un associé : UGITECH S.A.
05/04/2001	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 612013268 RC 85-B 180 MECAGIS. Forme : S.N.C. Capital : 2 257 400 euros. Commentaires : modification survenue sur le capital (augmentation).
20/08/2000	Bodacc A	Création d'établissement
RCS Montargis B 428862403 RC 00-B 174 T. C.T. - TORES COMPOSANTS TECHNOLOGIES. Forme : S.A.S. Adresse du siège social : zone d'activité La Turlurette, 58160 Sauvigny-les-Bois ETABLISSEMENT SECONDAIRE. Activité : transformation de métaux, fabrication de petits matériels destinés à l'industrie mécanique et électrique commerce de ces produits, tores, profils et composants. Adresse : 315 rue du Maréchal-Juin, Amilly, 45200 Montargis Etablissement secondaire acquis par apport au montant évalué à 2 750 000 F Date de début d'activité: 31 mai 2000. Précédent propriétaire : MECAGIS. RCS B 612013268 Publication légale: Le Courrier du Loiret du 22 juin 2000 déclaration de créances: au tribunal de commerce de Montargis.
07/03/2000	Bodacc A	Création d'établissement
RCS B 410 435 556 RC 99-B 00215 MECA MAGNETIC. Forme : S.A. Capital : 2 000 000 de F. Adresse du siège social : zone industrielle d'Amilly, 490 rue de la Fontaine, 45200 Amilly. Administration : président du conseil d'administration : AGNES (Jean) administrateurs : DECHELETTE (Gilles), GIRERD (Daniel) commissaire aux comptes titulaire : ABSOLUT DE LA GASTINE (Renaud) commissaire aux comptes suppléant : MOISSONNIER (Jacques) Fonds principal acquis par apport, au montant évalué à 4 000 000 de F. Commentaires : modification survenue sur la dénomination, le capital (augmentation), l'activité, l'adresse du siège social, l'adresse de l'établissement principal, l'administration Etablissement principal: Activité : fabrication de matériel électromagnétique , industriel, repoussage des métaux en feuilles, soudure, brasure, collage et assemblage par tous procédés et tous moyens de toutes matières, tolerie et chaudronnerie fine. Adresse : zone industrielle d'Amilly, 490 rue de la Fontaine, 45200 Amilly. Date d'effet : 3 janvier 2000 Précédente propriétaire MECAGIS. RCS B 612 013 268 Publication légale: Le Courrier du Loiret du 20 janvier 2000 déclaration de créances: au greffe du tribunal de commerce de Montargis.
11/02/2000	Bodacc A	Création d'établissement
RCS Montargis B 410435556 A dater du: 26 janvier 2000 RC 99-B 215 MECA MAGNETIC. Forme : S.A. Capital : 2 000 000 de F. Adresse du siège social : Z.I., 490 rue de la Fontaine, Amilly, 45200 Montargis. Administration : président du conseil d'administration : AGNES (Jean). Administrateurs : DECHELETTE (Gilles) GIRERD (Daniel). Commissaire aux comptes titulaire : ABSOLUT DE LA GASTINE (Renaud). Commissaire aux comptes suppléant : MOISSONNIER ( Jacques) Etablissement principal: Activité : production et commercialisation de blindages magnétiques. Adresse : Z.I., 315 rue du Maréchal-Juin, Amilly, 45200 Montargis Etablissement principal acquis par apport au montant évalué à 4 000 000 de F. Date d'effet : 31 décembre 1999. Précédent propriétaire : MECAGIS. RCS Nanterre B 612013268 RC 62-B 8 Publication légale: Le Courrier du Loiret du 20 janvier 2000 déclaration de créances: au tribunal de commerce de Montargis.
28/11/1999	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 612013268 RC 85-B 180 MECAGIS. Forme : S.N.C. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes titulaire partant : CALAN RAMOLINO ET ASSOCIES. Nomination du commissaire aux comptes titulaire : STE BARBIER FRINAULT ET COMPAGNIE. Commissaire aux comptes suppléant partant : DE CALAN (Gilles). Nomination du commissaire aux comptes suppléant : GOUVERNEYRE (Alain).
03/10/1999	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 612013268 RC 85-B 180 MECAGIS. Forme : S.N.C. Commentaires : modification survenue sur l' administration. Administration : associé gérant partant : IMPHY S.A. Nomination d'un associé gérant : IMPHY UGINE PRECISION.
24/04/1997	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 612 013 268 RC 85-B 180 MECAGIS. Forme : S.N.C. Commentaires : modification survenue sur l' administration. Administration : nomination du gérant non associé : DANEL (Noel). Gérant partant : PERDU ( Louis). Modification du commissaire aux comptes titulaire : CALAN RAMOLINO ET ASSOCIES. Modification du commissaire aux comptes suppléant : DE CALAN ( Gilles).
07/07/1995	Bodacc B	Modifications et mutations diverses
RCS *. RCS Nanterre B 612 013 268 RC RC 85-B 180 MECAGIS. Forme : S.N.C. Adresse du siège social : 13, cours Valmy, immeuble Pacific, La Défense 7 92800 Puteaux Etablissement principal: Adresse : 13, cours Valmy, immeuble Pacific, La Défense 7 92800 Puteaux. Commentaires : modification survenue sur l'adresse du siège social et de l' établissement principal.

Company events history

Date	Description
25/08/2014	Bodacc C : Deposit accounts notice
19/08/2014	Update Limit
19/08/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/07/2014	Updated articles of association
31/07/2014	Amendment
31/12/2013	New accounts available
28/12/2013	Bodacc C : Deposit accounts notice
17/12/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
19/10/2013	Update Limit
19/10/2013	Update Rating
18/07/2013	Update Rating
18/07/2013	Update Limit
31/12/2012	New accounts available
20/12/2012	Bodacc B: Various editing or changing
12/12/2012	Registered office transferred inside jurisdiction of the Commercial Court
12/12/2012	Updated articles of association
12/12/2012	Amendment
06/12/2012	Legal Gazette: Head Office Transfer
12/11/2012	Update of Company Head Office Identifier
12/11/2012	Transfer of Establishment
30/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
28/09/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
11/11/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/10/2011	Bodacc C : Deposit accounts notice
02/09/2011	New ultimate parent
04/03/2011	Bodacc B: Various editing or changing
24/02/2011	Updated articles of association
24/02/2011	Statuts mis à jour
24/02/2011	Changement de dénomination sociale
24/02/2011	Acte modificatif
24/02/2011	Amendment
24/02/2011	New company name
31/12/2010	New accounts available
11/10/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
23/12/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
03/12/2008	Bodacc C : Deposit accounts notice
25/11/2008	Bodacc B: Various editing or changing
25/11/2008	New Bodacc B ads detected
12/11/2008	Acte modificatif
12/11/2008	Changement de Commissaire aux Comptes
12/11/2008	New auditor
01/10/2008	New Bodacc B ads detected
01/10/2008	Bodacc B: Various editing or changing
22/09/2008	Changement de Président (PDG, PCA)
22/09/2008	New chairman (CEO, CoB)
22/09/2008	Private document
22/09/2008	Minutes of general meeting of shareholders
22/09/2008	Acte modificatif
22/09/2008	Appointment/resignation of company officers
18/03/2008	Bodacc C : Deposit accounts notice
16/03/2008	New Bodacc B ads detected
16/03/2008	Bodacc B: Various editing or changing
12/03/2008	Changement de dénomination sociale
12/03/2008	New company name
12/03/2008	Private document
12/03/2008	Minutes of general meeting of shareholders
12/03/2008	Statuts mis à jour
12/03/2008	Updated articles of association
12/03/2008	Acte modificatif
12/03/2008	Amendment
31/12/2007	New accounts available
13/09/2007	Collection of preferential rights activated for this company
31/12/2006	New accounts available
07/07/2006	Private document
07/07/2006	Minutes of general meeting of shareholders
07/07/2006	Réduction de Capital
07/07/2006	Statuts mis à jour
07/07/2006	Updated articles of association
07/07/2006	Changement de Commissaire aux Comptes
07/07/2006	Appointment/resignation of company officers
07/07/2006	Registration after transfer
07/07/2006	PV d'Assemblée
07/07/2006	Audit or Management Report
07/07/2006	Changement de Forme Juridique avec changement de catégorie
07/07/2006	New legal form – no new category
07/07/2006	Acte modificatif
07/07/2006	Rapport des Commissaires ou du Gérant
07/07/2006	Capital reduction
14/06/2006	Private document
14/06/2006	Rapport des Commissaires ou du Gérant
14/06/2006	Acte modificatif
14/06/2006	Statuts mis à jour
14/06/2006	Minutes of general meeting of shareholders
14/06/2006	Registration after transfer
14/06/2006	Updated articles of association
14/06/2006	Transfert du Siège hors du ressort du Tribunal de Commerce
31/12/2005	New accounts available
22/08/2005	Minutes of general meeting of shareholders
22/08/2005	Nomination/démission des organes de gestion
22/08/2005	Private document
22/08/2005	Acte sous seing privé
22/08/2005	Changement de Gérant
22/08/2005	Sale of shares
22/08/2005	Cession de parts
22/08/2005	PV d'Assemblée
22/08/2005	Acte modificatif
22/08/2005	Rapport des Commissaires ou du Gérant
22/08/2005	Updated articles of association
22/08/2005	Statuts mis à jour
04/02/2005	Sale of shares
04/02/2005	Acte modificatif
04/02/2005	Updated articles of association
04/02/2005	Amendment
04/02/2005	Cession de parts
04/02/2005	Statuts mis à jour
04/02/2005	Rapport des Commissaires ou du Gérant
04/02/2005	Nomination/démission des organes de gestion
04/02/2005	Private document
04/02/2005	Acte sous seing privé
04/02/2005	PV d'Assemblée
04/02/2005	Minutes of general meeting of shareholders
31/12/2004	New accounts available
04/08/2004	Acte sous seing privé
04/08/2004	Rapport des Commissaires ou du Gérant
04/08/2004	Private document
04/08/2004	Statuts mis à jour
04/08/2004	Updated articles of association
04/08/2004	PV d'Assemblée
04/08/2004	Minutes of general meeting of shareholders
04/08/2004	Acte modificatif
31/12/2003	New accounts available
21/03/2001	PV d'Assemblée
21/03/2001	Statuts mis à jour
21/03/2001	Acte sous seing privé
21/03/2001	Conversion du Capital Social en Euros
21/03/2001	Acte modificatif
10/11/1999	Changement de Commissaire aux Comptes
10/11/1999	Acte sous seing privé
10/11/1999	PV d'Assemblée
10/11/1999	Acte modificatif
10/11/1999	Nomination/démission des organes de gestion
20/09/1999	Acte sous seing privé
20/09/1999	Changement de Gérant
20/09/1999	Acte modificatif
20/09/1999	Statuts mis à jour
20/09/1999	PV d'Assemblée
20/09/1999	Nomination/démission des organes de gestion
10/04/1997	Acte sous seing privé
10/04/1997	Changement de Gérant
10/04/1997	PV d'Assemblée
10/04/1997	Nomination/démission des organes de gestion
13/06/1995	Acte modificatif
13/06/1995	Acte sous seing privé
13/06/1995	Statuts mis à jour
13/06/1995	Transfert du Siège dans le ressort du Tribunal de Commerce
30/11/1992	Déclaration de conformité
30/11/1992	Acte modificatif
30/11/1992	PV d'Assemblée
30/11/1992	Transfert du Siège dans le ressort du Tribunal de Commerce
30/11/1992	Statuts mis à jour

directors

Name	M. BOULOGNE BRUNO JEAN DANIEL
Manager position	President	Date of birth	28/09/1962
Place of birth	PETITE SYNTHE
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M ROBERT BLAIN	11/18/1949 - ESCAUDAIN
President	M BRUNO BOULOGNE	- - -
President	M BRUNO JEAN DANIEL BOULOGNE	9/28/1962 - PETITE SYNTHE
President	M BRUNO BOULOGNE	9/28/1962 - PETITE SYNTHE

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.99
UK Pound	1	Rs.99.09
Euro	1	Rs.79.03

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIS

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.