MIRA INFORM REPORT

Report Date :

22.09.2014

IDENTIFICATION DETAILS

Name :	ENVIRONNEMENT SA
Registered Office :	111 BD Robespierre, BP 13 78302 Poissy Cedex
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	October 1978
Legal Form :	Public limited company with board of directors
Line of Business :	Manufacture of scientific and technical instrumentation.
No. of Employees :	100 to 199

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

REGISTERED NAME & COMPANY SUMMARY

ENVIRONNEMENT SA

SIRET

313 997 223 00018

Company summary

		EUR VAT Number	FR43313997223
Activity (APE)	Fabrication d'instrumentation scientifique et technique (2651B) (Manufacture of scientific and technical instrumentation (2651B))	Legal form	Public limited company with board of directors
Phone	01 39 22 38 00	RCS Registration	RCS Versailles 7 313 997 223
Fax		Share capital	9,585,900 Euros
Address	ENVIRONNEMENT SA 111 BD ROBESPIERRE BP 13 78302 POISSY CEDEX	Incorporated Date	10/1978
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Directors

Name	M. GOURDON FRANCOIS PIERRE LOUIS
Manager position	Administrator, Chairman of the Board	Date of birth	29/07/1947
Place of birth	MAISONS LAFFITTE (YVELINES)
Type	Individual	Name at birth

Name	Mme. GOURDON EVELYNE ELISABETH
Manager position	Administrator	Date of birth	14/01/1945
Place of birth	KOUBA (ALGERIE)
Type	Individual	Name at birth	MASSON DEBLAIZE

Name	M. MOULENE DANIEL MAURICE
Manager position	Administrator	Date of birth	10/08/1948
Place of birth	ST MANDE
Type	Individual	Name at birth

Name	M. CHEVILLION CHRISTOPHE
Manager position	Managing director, Administrator	Date of birth	08/11/1963
Place of birth	LOCHES
Type	Individual	Name at birth

Name	M. CHAMBOLLE JEAN
Manager position	Administrator	Date of birth	12/06/1939
Place of birth	BEYCHAC ET CAILLAU
Type	Individual	Name at birth

Name	M. SAGLIO JEAN-FRANÇOIS
Manager position	Administrator	Date of birth	29/07/1936
Place of birth	TOULON
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M FRANCOIS GOURDON	- - -
Chairman of the Board	GOURDON FRANCOIS PIERRE LOUIS	7/29/1947 - MAISONS LAFFITTE (YVELINES)
Chairman of the Board	Mme EVELYNE ELISABETH GOURDON	1/14/1945 - KOUBA (ALGERIE)
Chairman of the Board	M FRANCOIS GOURDON	- - -
Managing director	M CHRISTOPHE CHEVILLION	11/8/1963 - LOCHES
Administrator	M MATHIEU ANTONINI	4/11/1971 - LA HAVANE CUBA
Administrator	M MATHIEU ANTONINI	4/11/1971 - LA HAVANE(CUBA)
Administrator	M MATHIEU ANTONINI	4/11/1971 - LA HAVANE(CUBA)
Administrator	BANQUE BRUXELLES LAMBERT (GROUPE ING)	8/11/1956 - PARIS
Administrator	BANQUE BRUXELLES LAMBERT GROUPE ING	- - -
Administrator	BANQUE BRUXELLES LAMBERT	- - -
Administrator	M JEAN CHAMBOLLE	- - -
Administrator	M JEAN CHAMBOLLE	6/12/1939 - BEYCHAC ET CAILLAU
Administrator	M CHRISTOPHE CHEVILLION	11/8/1963 - LOCHES
Administrator	MME EVELYNE GOURDON	- - -
Administrator	Mme EVELYNE ELISABETH GOURDON	1/14/1945 - KOUBA (ALGERIE)
Administrator	MME EVELYNE MASSON DEBLAIZE	- - -
Administrator	M DANIEL MAURICE MOULENE	8/10/1948 - ST MANDE
Administrator	M DANIEL MOULENE	8/10/1948 - SAINT MANDE
Administrator	ONS	- - -
Administrator	M JEAN-CLAUDE OPPENEAU	5/14/1937 - NANCY
Administrator	M JEAN-CLAUDE OPPENEAU	5/14/1937 - NANCY
Administrator	M JEAN-FRANÇOIS SAGLIO	7/29/1936 - TOULON

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

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

SHARE & SHARE CAPITAL INFORMATION

N/a

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data
	Total number of Invoices available	2
	Total number of Invoices paid within or up to 30 days after the due date	2
	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

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Company number	Click here to view the affiliation links
	ENVIRONNEMENT SA	313997223	80 companies in 16 countries. Click here to visit linked companies

Group data

Ultimate parent company	ENVIRONNEMENT SA
Direct parent	-
Group – Number of companies	8
Linkages – Number of companies	80
Number of countries	16

Company Name	SIREN	Parts	Last account published
ENVIRONNEMENT SA	313997223	-	31/12/2013
ALTECH ENVIRONMENT USA	-	100%	-
ENVIRONNEMENT ITALIA S.P.A.	MB1409801	100%	31/12/2012
CAIRPOL	492976253	50%	31/12/2012
ENVIRONNEMENT HONG KONG LTD	-	100%	-
ENVIRONNEMENT CHINE	-	100%	-
ENVIRONNEMENT INDIA PVT LTD	-	100%	-
PCME LIMITED	02514486	100%	31/03/2014

Company Name	SIREN	Last account	Turnover
ING LUXEMBOURG	B6041	31/12/2013	231 369 187 €
BNLFOOD INVESTMENTS LIMITED	B113632	31/12/2012	683 439 €
SCHRÉDER INVEST GMBH	HRB 738439	31/12/2012	-
BIOALLIANCE PHARMA	410910095	31/12/2010	1 653 356 €
ING BELGIUM INTERNATIONAL FINANCE S.A.	B49080	31/12/2013	-
SCHRÉDER GMBH	HRB 738488	31/12/2010	-
URBIS SCHREDER LTD	01095726	31/12/2013	36 016 332 £
SPRINGFIELD CAPITAL MANAGEMENT LIMITED	01804548	31/12/2005	0 £
SCHRÉDER B.V.	30023784	31/12/2013	-
AGRILIGHT B.V.	27245604	31/12/2012	-
LABORATOIRES BIOALLIANCE PHARMA	489348185	31/12/2012	0 €
OWLET GMBH	HRB 27869	31/12/2012	-
EUROSIM S.R.L.	PG238955	31/12/2007	1 €
SPEBIO B.V.	34276016	31/12/2013	-
FORMGUß DRESDEN GMBH	HRB 1732	31/12/2012	-
RAYMAX B.V.	27182312	31/12/2012	-
JUST LIGHT SCHREDER S.R.L. IN LIQUIDAZIO...	MI1974711	31/12/2013	953 302 €
FIDIA DUE SRL IN LIQUIDAZIONE	RM1140483	31/12/2007	1 113 610 €
HORTILUX SCHRÉDER B.V.	27239085	31/12/2012	-
L'AIDE HYPOTHÉCAIRE EN LIQUIDATION SA	402370846	31/12/1999	-
SOGAM SA	402688075	31/12/2013	0 €
FIDUCIAIRE VAN HET KREDIET NV	403173372	31/12/2013	36 720 137 €
ING BELGIE SA	403200393	31/12/2012	-
SCHREDER SA	403217617	31/12/2013	17 571 861 €
SOGES FIDUCEM SA	403238304	31/12/2013	893 754 €
RECORD BANK SA	403263642	31/12/2012	-
SOGERFIN EN LIQUIDATION SA	403345497	31/12/2003	-
RECORD FINANCE EN LIQUIDATION SA	405452872	31/12/2007	-
BANK CARD COMPANY SA	412945628	31/08/1999	72 401 000 €
PARTIMMO EN LIQUIDATION SA	414384493	31/12/2009	0 €
RECORD KREDIET EN LIQUIDATION SA	414519897	31/12/2007	-
IMMO GLOBE SA	414586512	31/12/2013	309 093 €
BBL CAPITAL MANAGEMENT CORPORATION SA	416264315	31/12/2002	5 421 000 €
MOYENS INDUSTRIELS POUR LE CONTRÔLE DE L...	417301126	31/12/2013	10 040 772 €
IMMOMANDA SA	417331315	31/12/2013	1 880 730 €
UITRUSTING SCHREDER NV	419986937	31/12/2013	14 671 495 €
RECHERCHE ET TECHNOLOGIE - RESEARCH FOR ...	421268723	31/12/2013	6 186 250 €
COMELEC SA	425119128	31/12/2013	5 306 836 €
SCHRÉDER SWISS SA	4276958	-	-
NEW IMMO SCHUMAN SA	428361797	31/12/2013	324 437 €
SYSTÈMES INFORMATIQUES POUR L'ENSEIGNEME...	428979926	-	-
CEL DATA SERVICES NV	435463880	31/12/2013	19 909 830 €
LIGHT AT WORK SA	436466445	31/12/2013	36 260 €
LOGIPAR SA	439526103	31/12/2013	-
GROEP BRUYNINX NV	444498837	31/12/2013	798 075 €
BIOTECHNOLOGICAL ENZYMATIC CATALYSE NV	446755472	31/12/2013	-
BBL INSURANCE SA	447575816	-	-
ING CONTACT CENTRE BELGIUM NV	452936946	31/12/2013	22 710 375 €
ISABEL NV	455530509	31/12/2013	53 601 493 €
INTERNATIONAL ENGINEERING SURVEY COMPANY...	458091309	31/12/2013	-
GEMA INTERNATIONAL SA	461103455	31/12/2013	-
ITP MANAGEMENT NV	461458890	31/12/2013	-
CYMAX EN LIQUIDATION SA	462721474	-	-
VITALO HOLDING NV	464050770	31/12/2011	-
ING PRIVATE PORTFOLIO MANAGEMENT SA	464465791	31/10/2008	27 071 463 €
WALLTECH SA	465945339	31/12/2005	-
BANK CARD COMPANY SA	468380237	31/12/2006	78 074 000 €
MAIZE TECHN. INT.P/A BTW-GENT 4 NV	473248548	30/06/2006	-
XPATS.COM NV	473525888	31/12/2011	63 258 €
KALIVAL	478372352	-	-
MDXHEALTH SA	479292440	31/12/2013	3 396 428 €
RECORD FUND SA	552910688	-	-
RAKET INVEST MANAGEMENT EN LIQUIDATION S...	840934768	-	-
RI HOLDING EN LIQUIDATION SCA	840972875	-	-
ING TECHNOLOGY SERVICES ESV	846738437	31/12/2013	6 595 192 €
BANKING FUNDING COMPANY SA	884525182	31/12/2013	18 972 675 €
TAX SHELTER PRODUCTIONS EN LIQUIDATION S...	892800371	31/12/2011	0 €
SCHREDER LIGHTING LLC	US25040925	-	1 027 000 $
BIOALLIANCE PHARMA SWITZERLAND	-	-	-
ENVIRONNEMENT SA	-	-	-
SCHREDER ARGENTINA SOC.ETR. E.P.B.	-	-	-
SCHREDER DO BRASIL ILUMINACAO LTDA SOC.E...	-	-	-
SCHREDER GULF LLC SOC.ETR. E.P.B.	-	-	-
SCHREDER S. A.	-	-	-
SCHREDER SINGAPORE PTE.LTD SOC.ETR. E.P....	-	-	-
SCHREDER SOCELEC SOC.ETR. E.P.B.	-	-	-
TIANJIN LIGHTING SCHREDER CO LTD SOC.ETR...	-	-	-
TOPOTARGET GERMANY AG	-	-	-
TOPOTARGET SWITZERLAND S.A	-	-	-
TOPOTARGET UK LIMITED	-	-	-

FINANCIAL INFORMATION

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	41,612,788 €	39,697,696 €	35,625,625 €
Gross Operating Surplus	14.05 % Turnover	12.25 % Turnover	10.88 % Turnover
Shareholders’ equity	36,903,147 €	34,014,570 €	31,720,999 €
Net result	3,797,544 €	2,855,718 €	1,882,819 €
Employees	100 to 199 employees	-	-

Workforces

Workforce at address

100 to 199 employees

Company workforce

100 to 199 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	23/07/2014	16/08/2013	25/07/2012
Activity Code	2651B	2651B	2651B
Employees	225	0	194

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	11,580,483	-2.1%	11,832,526	0.8%	11,738,904	147,249	7764.6%
- Intangible assets	4,496,534	0.2%	4,487,634	15.6%	3,882,874	11,707	38308.9%
- Tangible assets	4,222,946	-10.3%	4,709,714	-10.0%	5,233,410	50,684.50	8231.8%
- Financial assets	2,861,003	8.6%	2,635,178	0.5%	2,622,620	6,769	42166.3%
Net current assets	36,720,920	4.4%	35,167,231	11.0%	31,692,903	834,248.50	4301.7%
- Stocks	9,006,772	-2.5%	9,239,977	-18.5%	11,333,837	155,554	5690.1%
- Advanced payments	204,229	4.4%	235,008	-36.0%	367,000	0	0%
- Receivables	22,714,763	3.8%	21,888,459	25.1%	17,489,873	392,031	5694.1%
- Securities and cash	4,795,156	26.1%	3,803,787	45.7%	2,611,089	162,883.50	2843.9%
- Prepaid expenses	-	-	-	-	-	483	-
Accounts of regularization	45,741	424.8%	8,716	7.8%	8,088	0	0%
Total Assets	48,347,147	2.8%	47,008,474	8.2%	43,439,894	1,047,426.50	4515.8%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Shareholders' equity	36,903,147	8.5%	34,014,570	7.2%	31,720,999	525,788	6918.6%
Share capital	9,585,900	0%	9,585,900	0%	9,585,900	110,555	8570.7%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	674,570	10.8%	608,819	-57.1%	1,418,088	0	0%
Liabilities	10,767,555	-13.0%	12,372,484	20.3%	10,285,554	461,209.50	2234.6%
- Financial liabilities	1,202,308	-5.7%	1,274,331	335.6%	292,554	67,811	1673.0%
- Advanced payments received	696,556	-33.1%	1,040,749	-6.1%	1,107,775	0	0%
- Trade account payables	3,555,447	-22.6%	4,595,134	8.3%	4,241,652	141,197	2418.1%
- Tax and social liabilities	3,966,137	3.2%	3,843,446	22.7%	3,132,763	146,801	2601.7%
- Other debts and fixed assets liabilities	439,329	113.0%	206,258	-46.4%	385,115	5,930.50	7308.0%
Account regularization	909,644	-36.2%	1,425,164	24.9%	1,140,943	0	0%
Total liabilities	48,347,147	2.8%	47,008,474	8.2%	43,439,894	1,047,426.50	4515.8%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Sales of Goods	43,745,150	6.1%	41,238,664	10.0%	37,499,733	1,329,527.50	3190.3%
Net turnover	41,612,788	4.8%	39,697,696	11.4%	35,625,625	1,284,920.50	3138.5%
- of which net export turnover	21,376,611	-4.9%	22,466,453	11.3%	20,181,844	22,510	94865.0%
Operating charges	38,531,362	2.7%	37,525,885	8.9%	34,451,998	1,308,215	2845.3%
Operating profit/loss	5,213,788	40.4%	3,712,779	21.8%	3,047,735	48,392.50	10674.0%
Financial income	207,784	-85.6%	1,438,068	817.0%	156,822	1,863.50	11050.2%
Financial charges	136,069	-92.9%	1,904,920	70.2%	1,119,205	2,688.50	4961.1%
Financial profit/loss	71,715	115.4%	-466,852	51.5%	-962,383	-109	65893.6%
Pretax net operating income	5,285,503	62.8%	3,245,927	55.7%	2,085,352	49,703	10534.2%
Extraordinary income	331,320	495.6%	55,625	-92.1%	702,666	676	48911.8%
Extraordinary charges	1,092,185	2002.3%	51,951	-92.8%	724,757	480	227438.5%
Extraordinary profit/loss	-760,865	-20809.4%	3,674	116.6%	-22,091	0	0%
Net result	3,797,544	33.0%	2,855,718	51.7%	1,882,819	57,584	6494.8%

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	48,347,147	2.8%	47,008,474	8.2%	43,439,894
	Gross	CO	57,742,852	3.5%	55,811,063	8.9%	51,242,427
	Amortisation	1A	9,395,705	6.7%	8,802,589	12.8%	7,802,533

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	11,580,483	-2.1%	11,832,526	0.8%	11,738,904
	Gross	BJ	19,549,101	1.8%	19,200,257	4.8%	18,314,718
	Amortisation	BK	7,968,618	8.2%	7,367,731	12.0%	6,575,814

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	267,555	3.4%	258,655	-5.6%	273,891
	Gross	AF	879,530	4.9%	838,764	3.6%	809,848
	Amortisation	AG	611,975	5.5%	580,109	8.2%	535,957
	Goodwill	Net	4,112,490	0%	4,112,490	18.7%	3,465,398
	Gross	AH	4,112,490	0%	4,112,490	18.7%	3,465,398
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	116,489	0%	116,489	0%	116,489
	Gross	AJ	116,489	0%	116,489	0%	116,489
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	27,096
	Gross	AL	0	0%	0	0%	27,096
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	4,496,534	0.2%	4,487,634	15.6%	3,882,874

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	Lands	Net	286,820	0%	286,820	0%	286,820
	Gross	AN	286,820	0%	286,820	0%	286,820
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	1,953,741	-4.2%	2,038,959	-5.4%	2,156,391
	Gross	AP	3,989,066	0.5%	3,970,243	0.5%	3,949,191
	Amortisation	AQ	2,035,325	5.4%	1,931,284	7.7%	1,792,800
	Plant	Net	1,493,798	-15.3%	1,764,076	-13.3%	2,034,340
	Gross	AR	4,697,509	1.7%	4,618,954	4.0%	4,440,501
	Amortisation	AS	3,203,711	12.2%	2,854,878	18.6%	2,406,161
	Other tangible fixed assets	Net	488,587	-21.1%	619,043	-18.0%	755,039
	Gross	AT	2,585,114	-0.4%	2,595,127	0.8%	2,574,855
	Amortisation	AU	2,096,527	6.1%	1,976,084	8.6%	1,819,816
	Fixed assets in construction	Net	0	0%	816	-0.5%	820
	Gross	AV	0	0%	816	-0.5%	820
	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	4,222,946		4,709,714		5,233,410

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	1,964,341	-9.5%	2,171,634	0%	2,171,634
	Gross	CU	1,964,341	-9.5%	2,171,634	0%	2,171,634
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	525,856	484.3%	90,000	0%	90,000
	Gross	BB	525,856	484.3%	90,000	0%	90,000
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	76,688	0%	0	0%	74,473
	Gross	BD	76,688	0%	0	0%	74,473
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	114,165	0%	0
	Gross	BF	0	0%	118,461	0%	0
	Amortisation	BG	0		4,296		0
	Other financial assets	Net	294,118	13.4%	259,379	-9.5%	286,513
	Gross	BH	315,198	12.4%	280,459	-8.8%	307,593
	Amortisation	BI	21,080	0%	21,080	0%	21,080
	Sub Total Financial Assets		2,861,003		2,635,178		2,622,620

Current Assets (III)

			31/12/2013		31/12/2012		31/12/2011
	Total Assets	Net	36,720,920	4.4%	35,167,231	11.0%	31,692,903
	Gross	CJ	38,148,005	4.2%	36,602,085	11.2%	32,919,619
	Amortisation	CK	1,427,085	-0.5%	1,434,854	17.0%	1,226,716

Stocks

			31/12/2013		31/12/2012		31/12/2011
	Raw materials	Net	7,624,426	-4.0%	7,942,073	-11.5%	8,974,837
	Gross	BL	8,621,352	-3.5%	8,937,796	-8.9%	9,811,949
	Amortisation	BM	996,926	0.1%	995,723	18.9%	837,112
	Work in progress (goods)	Net	1,382,346	6.5%	1,297,904	-45.0%	2,359,000
	Gross	BN	1,382,346	6.5%	1,297,904	-11.6%	1,467,873
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	9,006,772	-2.5%	9,239,977	-18.5%	11,333,837

Advance payments to suppliers

			31/12/2013		31/12/2012		31/12/2011
	Advance payments to suppliers	Net	204,229	-13.1%	235,008	-36.0%	367,000
	Gross	BV	204,229	-13.1%	235,008	-36.0%	367,000
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2013		31/12/2012		31/12/2011
	Trade accounts receivable	Net	20,463,322	3.3%	19,812,496	30.9%	15,138,000
	Gross	BX	20,893,481	3.2%	20,251,627	31.0%	15,464,000
	Amortisation	BY	430,159	-2.0%	439,131	34.7%	326,000
	Other debtors	Net	2,039,947	14.0%	1,789,546	-17.0%	2,155,000
	Gross	BZ	2,039,947	14.0%	1,789,546	-17.0%	2,155,000
	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	22,503,269	4.2%	21,602,042	24.9%	17,293,000

Divers

			31/12/2013		31/12/2012		31/12/2011
	Investment securities	Net	1,500,047	44.2%	1,039,972	0%	0
	Gross	CD	1,500,047	44.2%	1,039,972	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	3,295,109	19.2%	2,763,815	5.8%	2,611,089
	Gross	CF	3,295,109	19.2%	2,763,815	5.8%	2,611,089
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	4,795,156	26.1%	3,803,787	45.7%	2,611,089

Prepaid expenses

			31/12/2013		31/12/2012		31/12/2011
	Prepaid expenses	Net	211,494	-26.2%	286,417	45.5%	196,873
	Gross	CH	211,494	-26.2%	286,417	45.5%	196,873
	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	45,741	424.8%	8,716	7.8%	8,088
Gross		45,741	424.8%	8,716	7.8%	8,088

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%	487,126	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	48,347,147	2.8%	47,008,474	8.2%	43,439,894

Shareholder Equity (I)

			31/12/2013		31/12/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	36,903,147	8.5%	34,014,570	7.2%	31,720,999
	Equity and shareholders' equity	DA	9,585,900	0%	9,585,900	0%	9,585,900
	Issue and merger premiums	DB	4,222,033	0%	4,222,033	0%	4,222,033
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	969,014	0%	969,014	0%	969,014
	Statutory or contractual reserve	DE	460,637	0%	460,637	0%	460,637
	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	676,653	0%	676,653	0%	676,653
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	17,183,866	14.4%	15,019,819	9.5%	13,714,870
	Profit or loss for the period	DI	3,797,544	33.0%	2,855,718	51.7%	1,882,819
	Investment grants	DJ	7,500	-57.1%	17,500	883.1%	1,780
	Special tax-allowable reserves	DK	0	0%	207,296	0.0%	207,293

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	674,570	10.8%	608,819	-57.1%	1,418,088
Risk provisions	DP	372,888	33.4%	279,528	15.0%	243,022
Reserves for charges	DQ	301,682	-8.4%	329,291	-72.0%	1,175,066

Liabilities (IV)

			31/12/2013		31/12/2012		31/12/2011
	Total Liabilities (Total IV)	EC	10,767,555	-13.0%	12,372,484	20.3%	10,285,554
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	836,824	-13.9%	971,986	2438.0%	38,297
	Sundry loans and financial liabilities	DV	365,484	20.9%	302,345	18.9%	254,257
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	696,556	-33.1%	1,040,749	-6.1%	1,107,775
	Trade accounts payables	DX	3,555,447	-22.6%	4,595,134	8.3%	4,241,652
	Tax and social security liabilities	DY	3,966,137	3.2%	3,843,446	22.7%	3,132,763
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	437,458	125.9%	193,660	-47.6%	369,867

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	1,871	-85.1%	12,598	-17.4%	15,248

Equalization accounts

		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	909,644	-36.2%	1,425,164	24.9%	1,140,943

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	9,375,464	0%	0	0%	8,955,494
Of which current bank facilities	EH	4,073	0%	0	0%	38,297

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	5,213,788	40.4%	3,712,779	21.8%	3,047,735

2 -Financial result(V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	71,715	115.4%	-466,852	51.5%	-962,383

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	5,285,503	62.8%	3,245,927	55.7%	2,085,352

4 -Extraordinary result(VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	-760,865	-20809.4%	3,674	116.6%	-22,091

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	3,797,544	33.0%	2,855,718	51.7%	1,882,819

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	44,284,254	3.6%	42,732,357	11.4%	38,359,221

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	40,486,710	1.5%	39,876,638	9.3%	36,476,403

Operating income(I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	43,745,150	6.1%	41,238,664	10.0%	37,499,733

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	31,927,751	5.7%	30,208,865	14.1%	26,480,652
	France	FD	12,121,726	39.7%	8,676,937	20.2%	7,221,665
	Export	FE	19,806,025	-8.0%	21,531,928	11.8%	19,258,987
	Sale of services	FI	9,685,037	2.1%	9,488,831	3.8%	9,144,973
	France	FG	8,114,451	-5.1%	8,554,306	4.0%	8,222,116
	Export	FH	1,570,586	68.1%	934,525	1.3%	922,857
	Net turnover	FL	41,612,788	4.8%	39,697,696	11.4%	35,625,625
	France	FJ	20,236,177	17.4%	17,231,243	11.6%	15,443,781
	Export	FK	21,376,611	-4.9%	22,466,453	11.3%	20,181,844
	Stocked production	FM	84,442	149.7%	-169,969	-183.1%	204,576
	Self-constructed assets	FN	222,583	156.3%	86,850	0%	0
	Operating grants	FO	327,038	-13.6%	378,536	20.0%	315,460
	Release of reserves and provisions	FP	1,316,341	22.8%	1,072,046	-7.0%	1,152,525
	Other income	FQ	181,958	4.9%	173,505	-13.9%	201,547

Operating charges(II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	38,531,362	2.7%	37,525,885	8.9%	34,451,998

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	12,884,734	10.7%	11,636,443	-3.1%	12,006,664
Change in stocks of raw materials	FV	316,444	-63.8%	874,153	175.7%	-1,154,236
Other external purchases and charges	FW	7,478,500	-4.1%	7,794,991	0.7%	7,744,455
Tax, duty and similar payments	FX	931,661	3.6%	899,623	16.8%	770,399
Payroll	FY	10,253,964	7.7%	9,522,173	7.7%	8,840,912
Social security costs	FZ	4,536,441	3.0%	4,404,664	8.4%	4,061,678

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	734,941	-9.6%	812,688	-5.3%	857,971
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	1,010,619	-11.7%	1,144,735	33.2%	859,380
Provisions for risks and charges	GD	327,150	5.5%	310,093	11.2%	278,780

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	56,908	-55.0%	126,322	-32.1%	185,995

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	207,784	-85.6%	1,438,068	817.0%	156,822
	Share financial income	GJ	9,891	-96.8%	304,412	639.8%	41,150
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	50,539	202.0%	16,733	238.9%	4,937
	Released provisions and transferred charges	GM	13,482	-98.7%	1,014,995	7225.8%	13,855
	Exchange gains	GN	52,856	-4.3%	55,253	-26.9%	75,544
	Net income from disposal of investment securities	GO	81,016	73.6%	46,675	118.8%	21,336

Financial Charge (VI)

			31/12/2013		31/12/2012		31/12/2011
	Total financial charge (Total VI)	GU	136,069	-92.9%	1,904,920	70.2%	1,119,205
	Financial reserves and provisions	GQ	45,738	29.3%	35,380	-96.5%	1,019,180
	Interest and similar charges	GR	35,964	-98.0%	1,800,055	12720.9%	14,040
	Exchange losses	GS	30,364	-40.5%	51,033	-28.8%	71,657
	Net loss from disposal of investment securities	GT	24,003	30.1%	18,452	28.8%	14,328

Extraordinary income(VII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary income (Total VII)	HD	331,320	495.6%	55,625	-92.1%	702,666
	Extraordinary operating income	HA	28,033	-13.3%	32,345	137.2%	13,637
	Extraordinary income from capital transactions	HB	95,994	312.3%	23,280	-96.6%	689,029
	Released provisions and transferred charges	HC	207,293	0%	0	0%	0

Extraordinary charges(VIII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary charges (Total VIII)	HH	1,092,185	2002.3%	51,951	-92.8%	724,757
	Extraordinary operating charges	HE	770,663	1420.4%	50,687	43.3%	35,379
	Extraordinary charges from capital transactions	HF	315,518	24861.9%	1,264	-99.8%	689,378
	Extraordinary reserves and provisions	HG	6,004	0%	0	0%	0

Employee profit sharing(IX)

		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	141,025	-21.8%	180,452	-28.0%	250,530

Tax on profits(X)

		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	586,069	174.6%	213,430	404.5%	-70,087

References

		31/12/2013		31/12/2012		31/12/2011
Of which equipment leases	HP	0	0%	0	0%	882,495
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	816	0%	0	0%	21,462
	Decreasess by transfers	OK2	2,603,696	0%	0	0%	1,685,439
	Gross value at the end of period	OL	19,549,104	0%	0	0%	18,314,725

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	5,067,744	0%	0	0%	4,365,248
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	40,765	0%	0	0%	54,857
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	1,271
	Gross value at the end of period	LW	5,108,509	0%	0	0%	4,418,834

Tangible fixed assets (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LN	11,471,960	0%	0	0%	11,251,562
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	331,354	0%	0	0%	183,522
	Decreasess by budget item transfer	NG1	816	0%	0	0%	21,462
	Decreasess by transfers	NG2	243,989	0%	0	0%	161,436
	Gross value at the end of period	NH	11,558,509	0%	0	0%	11,252,190

Fiancial assets (Total IV)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LQ	2,660,554	0%	0	0%	1,804,478
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	2,581,235	0%	0	0%	2,361,954
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	2,359,706	0%	0	0%	1,522,729
	Gross value at the end of period	NK	2,882,083	0%	0	0%	2,643,703

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	580,147	0%	0	0%	479,259
Increases		PF	31,827	0%	0	0%	57,970
Decreasess		PG	0	0%	0	0%	1,271
	Decreasess by budget item transfer	PH	611,975	0%	0	0%	535,958

Total fixed assets amotisation(Total III)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	6,762,209	0%	0	0%	5,357,146
Increases		QV	709,118	0%	0	0%	799,999
Decreases		QW	135,764	0%	0	0%	138,369
	Decreasess by budget item transfer	QX	7,335,564	0%	0	0%	6,018,776

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%	1,882,219
Increases		UB	0	0%	0	0%	2,157,340
Decreases		UC	0	0%	0	0%	1,166,381
	Value at the end of period	UD	0	0%	0	0%	2,873,178

Includes Total allocations

Operating	UE	0	0%	0	0%	1,138,160
Financial	UG	0	0%	0	0%	1,019,180
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	1,152,525
Financial	UH	0	0%	0	0%	13,855
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%	207,293
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%	207,293

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%	472,712
Increases		TV	0	0%	0	0%	1,194,290
Decreases		TW	0	0%	0	0%	248,914
	Value at the end of period	TX	0	0%	0	0%	1,418,088

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%	1,202,212
Increases		TY	0	0%	0	0%	963,050
Decreases		TZ	0	0%	0	0%	917,466
	Value at the end of period	UA	0	0%	0	0%	1,247,796

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

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	23,985,979	0%	0	0%	16,292,145
1 year at most	VU	22,664,755	0%	0	0%	15,566,019
More than one year	VV	1,321,224	0%	0	0%	726,126

State of loans

		31/12/2013		31/12/2012		31/12/2011
Claims related to holdings (gross)	UL	525,856	0%	0	0%	90,000
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	315,198	0%	0	0%	307,593
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	480,170	0%	0	0%	328,532
Other claims customer	UX	20,413,311	0%	0	0%	13,400,979
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	690	0%	0	0%	4,552
Social Security and other social organizations	UZ	653	0%	0	0%	14,192
Income taxes	VM	733,477	0%	0	0%	1,058,135
Value added tax	VB	138,913	0%	0	0%	68,681
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	144,892	0%	0	0%	154,402
Group and Associates	VC	780,585	0%	0	0%	598,425
Accounts receivable (including claims relating to the operation of pension titles)	VR	240,735	0%	0	0%	69,776

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	211,494	0%	0	0%	196,873

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	10,070,996	0%	0	0%	9,177,778
1 year at most		VZ2	9,375,465	0%	0	0%	8,955,494
More than 1 year and 5 years at most		VZ3	580,723	0%	0	0%	222,284
More than 5 years		VZ4	114,808	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	4,073	0%	0	0%	38,297
1 year at most		VG2	4,073	0%	0	0%	38,297
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	832,750	0%	0	0%	0
1 year at most		VH2	137,219	0%	0	0%	0
More than 1 year and 5 years at most		VH3	580,723	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	365,037	0%	0	0%	253,809
1 year at most		8A2	365,037	0%	0	0%	31,525
More than 1 year and 5 years at most		8A3	0	0%	0	0%	222,284
	Suppliers and associated accounts (gross)	8B1	3,555,447	0%	0	0%	4,241,651
1 year at most		8B2	3,555,447	0%	0	0%	4,241,651
More than 1 year and 5 years at most		8B3	3,555,447	0%	0	0%	4,241,651
	Personnel and associated accounts (gross)	8C1	1,525,648	0%	0	0%	1,172,742
1 year at most		8C2	1,525,648	0%	0	0%	1,172,742
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	1,838,740	0%	0	0%	1,555,652
1 year at most		8D2	1,838,740	0%	0	0%	1,555,652
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	272,806	0%	0	0%	112,553
1 year at most		VW2	272,806	0%	0	0%	112,553
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	328,602	0%	0	0%	291,791
1 year at most		VQ2	328,602	0%	0	0%	291,791
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	787	0%	0	0%	472
1 year at most		VI2	787	0%	0	0%	472
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	437,458	0%	0	0%	369,867
1 year at most		8K2	437,458	0%	0	0%	369,867
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	909,644	0%	0	0%	1,140,941
1 year at most		8L2	909,644	0%	0	0%	1,140,941
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	225	0%	0	0%	194

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		2.39	6.2%	2.25	3.2%	2.18	2.25	6.2%
Global Debt		93days	-17.0%	112days	7.7%	104days	123days	-24.4%
Working Capital Fund overall net		235days	7.8%	218days	-0.5%	219days	145days	62.1%
Financial independence		4409.91%	26.0%	3499.49%	-95.8%	82828.94%	1249.50%	252.9%
More ratios
Solvability		76.33%	5.5%	72.36%	-0.9%	73.02%	55.94%	36.4%
Capacity debt futures		26118.36%	-	%	-	82828.94%	3437.26%	659.9%
Coverage of current assets by net working capital overall		68.96%	7.0%	64.42%	-5.2%	67.93%	57.18%	20.6%
General Liquidity		2.42	-		-	1.74	0.97	149.5%
Restricted Liquidity		2.93	-		-	2.03	1.72	70.3%

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Need background in operating working capital		199days	2.6%	194days	-0.5%	195days	72days	176.4%
Treasury		41days	20.6%	34days	30.8%	26days	42days	-2.4%
Inventory turnover of goods		days	-	days	-	days	15days	-
Average length of credit granted to customers		181days	-1.6%	184days	17.9%	156days	73days	147.9%
Average length of credit obtained suppliers		62days	-23.5%	81days	-1.2%	82days	65days	-4.6%
More ratios
Inventory turnover of raw materials in industrial enterprises		241days	-13.0%	277days	-5.8%	294days	115days	109.6%
Inventory turnover of intermediate and finished products in the industrial enterprise		360days	-	days	-	317days	474.50days	-24.1%
Rotation tangible assets		360.02%	-	%	-	316.61%	544.80%	-33.9%

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		14.05	14.7%	12.25	12.6%	10.88	8.04%	74.8%
Net profit		9.13%	27.0%	7.19%	35.9%	5.29%	5.19%	75.9%
More ratios
Growth rate of turnover (excluding VAT)		4.82%	-57.8%	11.43%	82.0%	6.28%	0.22%	2090.9%
Rates integration		51.04%	4.9%	48.64%	0.6%	48.37%	45.74%	11.6%
Rate leasing furniture		0%	0%	0%	0%	2.48%	0%	0%
Work Factor		69.63%	-3.5%	72.13%	-3.7%	74.87%	77.15%	-9.7%
Weight interests		0.33	-93.1%	4.80%	52.9%	3.14%	0.27%	22.2%

Return on capital

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Cash flow from the overall profitability		11.54%	24.5%	9.27%	27.3%	7.28%	7.66%	50.7%
Rates of economic profitability		15%	7.1%	14%	16.7%	12%	15%	0%
Financial profitability		36903147%	8.5%	34014570%	7.2%	31720999%	525788%	6918.6%
Return on investment		10.32%	-23.5%	13.49%	43.8%	9.38%	10.38%	-0.6%

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	41,612,788	4.8%	39,697,696	11.4%	35,625,625	1,284,920 €	3138.5%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	0	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	0 €	0%	0 €	0 €	0%
	0.00 % CA	0%	0.00 % CA	0%	0.00 % CA	0 % CA	0%

Sale of goods produced	41,612,788	4.8%	39,697,696	11.4%	35,625,625
+/- Stocked production	84,442	149.7%	-169,969	-183.1%	204,576
+ Self-constructed assets	222,583	156.3%	86,850	0%	0
Period production	41,919,813 €	5.8%	39,614,577 €	10.6%	35,830,201 €	899,713.50 €	4559.2%
	100.74 % CA	1.0%	99.79 % CA	-0.8%	100.57 % CA	99.58 % CA	1.2%

Trading margin	0	0%	0	0%	0	0	0%
+ Period Production	41,919,813	5.8%	39,614,577	10.6%	35,830,201	899,713.50	4559.2%
- Purchase of raw materials	12,884,734	10.7%	11,636,443	-3.1%	12,006,664
+/- Change in stocks of raw materiels	316,444	-63.8%	874,153	175.7%	-1,154,236
- Other external purchases and charges	7,478,500	-4.1%	7,794,991	0.7%	7,744,455
Added value	21,240,135 €	10.0%	19,308,990 €	12.0%	17,233,318 €	589,333 €	3504.1%
	51.04 % CA	4.9%	48.64 % CA	0.6%	48.37 % CA	45.74 % CA	11.6%

Added value	21,240,135 €	10.0%	19,308,990 €	12.0%	17,233,318 €	589,333 €	3504.1%
+ Operating grants	327,038	-13.6%	378,536	20.0%	315,460
- Tax, duty and similar payments	931,661	3.6%	899,623	16.8%	770,399
- Personal charges	14,790,405	6.2%	13,926,837	7.9%	12,902,590
Gross operating surplus	5,845,107 €	20.2%	4,861,066 €	25.4%	3,875,789 €	81,439 €	7077.3%
	14.05 % CA	14.7%	12.25 % CA	12.6%	10.88 % CA	8.04 % CA	74.8%

Gross operating surplus	5,845,107 €	20.2%	4,861,066 €	25.4%	3,875,789 €	81,439 €	7077.3%
+ Release of reserves and provisions	1,316,341	22.8%	1,072,046	-7.0%	1,152,525
+ Other operating income	181,958	4.9%	173,505	-13.9%	201,547
- Depreciation/Amortisation	2,072,710	-8.6%	2,267,516	13.6%	1,996,131
- Other charges	56,908	-55.0%	126,322	-32.1%	185,995
Operating result	5,213,788 €	40.4%	3,712,779 €	21.8%	3,047,735 €	48,392.50 €	10674.0%
	12.53 % CA	34.0%	9.35 % CA	9.4%	8.55 % CA	4.78 % CA	162.1%

Operating result	5,213,788 €	40.4%	3,712,779 €	21.8%	3,047,735 €	48,392.50 €	10674.0%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	207,784	-85.6%	1,438,068	817.0%	156,822
- Financial charges	136,069	-92.9%	1,904,920	70.2%	1,119,205
Pre-tax result	5,285,503 €	62.8%	3,245,927 €	55.7%	2,085,352 €	49,702.50 €	10534.3%
	12.70 % CA	55.3%	8.18 % CA	39.8%	5.85 % CA	4.69 % CA	170.8%

Extraordinary income	331,320	495.6%	55,625	-92.1%	702,666	676	48911.8%
- Extraordinary charges	1,092,185	2002.3%	51,951	-92.8%	724,757
Extraordinary result	-760,865 €	-20809.4%	3,674 €	116.6%	-22,091 €	0 €	0%
	-1.83 % CA	-18400%	0.01 % CA	116.7%	0 % CA	0 % CA	0%

Pre-tax result	5,285,503 €	62.8%	3,245,927 €	55.7%	2,085,352 €	49,702.50 €	10534.3%
Extraordinary result	-760,865 €	-20809.4%	3,674 €	116.6%	-22,091 €	0 €	0%
- Employee profit sharing	141,025	-21.8%	180,452	-28.0%	250,530
- Tax on profits	586,069	174.6%	213,430	404.5%	-70,087
Net result	3,797,544 €	33.0%	2,855,719 €	51.7%	1,882,818 €	57,584.50 €	6494.7%
	9.13 % CA	27.0%	7.19 % CA	35.9%	5.29 % CA	5.19 % CA	75.9%

Consolidated Accounts

Active Account |  Passive Account |  Account Results |  Consolidation

Synthesized Accounts

Annual Accounts	31/12/2013	31/12/2011	31/12/2009
Account period (month)	12	12	12
Account Type	Consolidated	Consolidated	Consolidated
Activity Code	2651B	2651B	2651B

Active account

Annual Accounts	31/12/2013		31/12/2011		31/12/2009
Capital not called	0	0%	0	0%	0
Total fixed assets	11,083,000	-9.8%	12,288,000	-6.7%	13,175,000
- Intangible assets	4,798,000	19.5%	4,016,000	2.7%	3,911,000
- Tangible assets	5,733,000	-26.1%	7,760,000	-10.8%	8,701,000
- Financial assets	526,000	9.8%	479,000	-14.9%	563,000
Net current assets	39,833,000	7.1%	37,177,000	-6.3%	39,682,000
- Stocks	10,563,000	-13.5%	12,213,000	12.2%	10,883,000
- Advanced payments	283,000	-22.9%	367,000	-16.4%	439,000
- Receivables	22,144,000	25.7%	17,617,000	9.6%	16,067,000
- Securities and cash	6,843,000	-2.0%	6,980,000	-43.2%	12,293,000
Accounts of regularization	0	0%	0	0%	0
Total Assets	50,915,000	2.9%	49,462,000	-6.4%	52,859,000

Passive Account

Annual Accounts	31/12/2013		31/12/2011		31/12/2009
Shareholders' equity	36,395,000	9.8%	33,147,000	-10.2%	36,931,000
Share capital	9,586,000	0%	9,586,000	-13.8%	11,125,000
Other capital resources	0	0%	-35,000	41.7%	-60,000
Risk Provisions	1,669,000	-19.1%	2,063,000	93.7%	1,065,000
Liabilities	12,850,000	-10.1%	14,286,000	-4.3%	14,921,000
- Financial liabilities	1,699,000	20.2%	1,414,000	-49.5%	2,802,000
- Advanced payments received	760,000	-30.1%	1,088,000	-7.9%	1,181,000
- Trade account payables	4,318,000	-26.6%	5,886,000	26.6%	4,650,000
- Tax and social liabilities	4,573,000	23.7%	3,696,000	7.9%	3,426,000
- Other debts and fixed assets liabilities	463,000	-20.0%	579,000	1.9%	568,000
Account regularization	1,037,000	-36.1%	1,623,000	-29.3%	2,294,000
Total liabilities	50,915,000	2.9%	49,462,000	-6.4%	52,859,000

Results

Annual Accounts	31/12/2013		31/12/2011		31/12/2009
Sales of Goods	54,929,000	17.6%	46,692,000	4.4%	44,718,000
Net turnover	53,417,000	19.5%	44,682,000	6.6%	41,928,000
- of which net export turnover	0	0%	0	0%	0
Operating charges	50,477,000	15.5%	43,689,000	5.0%	41,626,000
Operating profit/loss	4,452,000	48.3%	3,003,000	-2.9%	3,092,000
Financial income	323,000	56.0%	207,000	-43.1%	364,000
Financial charges	737,000	-46.3%	1,373,000	507.5%	226,000
Financial profit/loss	-414,000	64.5%	-1,166,000	-944.9%	138,000
Pretax net operating income	4,038,000	119.8%	1,837,000	-43.1%	3,230,000
Extraordinary income	167,000	70.4%	98,000	-86.2%	708,000
Extraordinary charges	546,000	160.0%	210,000	-64.0%	584,000
Extraordinary profit/loss	-379,000	-238.4%	-112,000	-190.3%	124,000

Consolidation

Annual Accounts	31/12/2013		31/12/2011		31/12/2009
Net result before amortisation of goodwill	3,334,000	89.4%	1,760,000	-42.4%	3,053,000
Goodwill amortisation allocation	-4,000	0%	-4,000	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)	3,330,000	89.6%	1,756,000	-42.5%	3,053,000
Share of minority interest (Result except group)	0	0%	0	0%	0
Net result - group share (part of parent company)	3,330,000	89.7%	1,755,000	-42.5%	3,053,000

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2013	31/12/2011	31/12/2009
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2013		31/12/2011		31/12/2009
	Grand Total (I to VI)	Net	50,915,000	2.9%	49,462,000	-6.4%	52,859,000
	Gross	CO	65,816,000	7.5%	61,225,000	-2.2%	62,577,000
	Amortisation	1A	14,901,000	26.7%	11,763,000	21.0%	9,720,000

Capital subscribed not called (I)

		31/12/2013		31/12/2011		31/12/2009
Capital suscribed not called (I)	AA3	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2013		31/12/2011		31/12/2009
	Total Active fixed asset (II)	Net	11,083,000	-9.8%	12,288,000	-6.7%	13,175,000
	Gross	BJ	24,225,000	6.5%	22,741,000	5.1%	21,640,000
	Amortisation	BK	13,142,000	25.7%	10,453,000	23.5%	8,465,000

Intangilble fixed assets

			31/12/2013		31/12/2011		31/12/2009
	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	300,000	81.8%	165,000	0%	0
	Gross	CX	581,000	106.8%	281,000	0%	0
	Amortisation	AE	281,000	142.2%	116,000	0%	0
	Distributorships, patents	Net	268,000	0%	268,000	-18.3%	328,000
	Gross	AF	883,000	8.6%	813,000	7.8%	754,000
	Amortisation	AG	615,000	12.8%	545,000	27.9%	426,000
	Goodwill	Net	4,112,000	18.7%	3,465,000	0%	3,465,000
	Gross	AH	4,112,000	18.7%	3,465,000	0%	3,465,000
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	118,000	0%	118,000	0%	118,000
	Gross	AJ	118,000	0%	118,000	0%	118,000
	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		31/12/2011		31/12/2009
	Acquisition difference	Net	26,000	-21.2%	33,000	0%	0
	Gross	A11	26,000	-21.2%	33,000	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	287,000	0%	287,000	0%	287,000
	Gross	AN	287,000	0%	287,000	0%	287,000
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	1,956,000	-9.4%	2,160,000	-12.4%	2,465,000
	Gross	AP	3,993,000	1.0%	3,953,000	0.1%	3,949,000
	Amortisation	AQ	2,037,000	13.6%	1,793,000	20.8%	1,484,000
	Plant	Net	2,458,000	-38.9%	4,025,000	-14.5%	4,705,000
	Gross	AR	9,848,000	3.1%	9,556,000	6.2%	8,996,000
	Amortisation	AS	7,390,000	33.6%	5,531,000	28.9%	4,291,000
	Other tangible fixed assets	Net	1,032,000	-7.7%	1,118,000	-9.6%	1,237,000
	Gross	AT	3,830,000	14.1%	3,358,000	2.5%	3,277,000
	Amortisation	AU	2,798,000	24.9%	2,240,000	9.8%	2,040,000
	Fixed assets in construction	Net	0	0%	170,000	2328.6%	7,000
	Gross	AV	0	0%	170,000	2328.6%	7,000
	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		31/12/2011		31/12/2009
	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	106,000	-0.9%	107,000	0%	107,000
	Gross	CU	106,000	-66.2%	314,000	0%	314,000
	Amortisation	CV	0	0%	207,000	0%	207,000
	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	0%	0
	Other financial assets	Net	420,000	12.9%	372,000	-18.4%	456,000
	Gross	BH	441,000	12.2%	393,000	-16.9%	473,000
	Amortisation	BI	21,000	0%	21,000	23.5%	17,000
	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		31/12/2011		31/12/2009
	Total Assets	Net	39,833,000	7.1%	37,177,000	-6.3%	39,682,000
	Gross	CJ	41,592,000	8.1%	38,487,000	-6.0%	40,937,000
	Amortisation	CK	1,759,000	34.3%	1,310,000	4.4%	1,255,000

Stocks

			31/12/2013		31/12/2011		31/12/2009
	Raw materials	Net	9,122,000	-7.4%	9,854,000	9.2%	9,021,000
	Gross	BL	10,294,000	-5.0%	10,838,000	10.1%	9,846,000
	Amortisation	BM	1,172,000	19.1%	984,000	19.3%	825,000
	Work in progress (goods)	Net	1,441,000	-38.9%	2,359,000	26.7%	1,862,000
	Gross	BN	1,441,000	-38.9%	2,359,000	26.7%	1,862,000
	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		31/12/2011		31/12/2009
	Advance payments to suppliers	Net	283,000	-22.9%	367,000	-16.4%	439,000
	Gross	BV	283,000	-22.9%	367,000	-16.4%	439,000
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2013		31/12/2011		31/12/2009
	Trade accounts receivable	Net	19,176,000	26.7%	15,138,000	9.6%	13,812,000
	Gross	BX	19,763,000	27.8%	15,464,000	8.7%	14,221,000
	Amortisation	BY	587,000	80.1%	326,000	-20.3%	409,000
	Other debtors	Net	2,685,000	24.6%	2,155,000	2.7%	2,098,000
	Gross	BZ	2,685,000	24.6%	2,155,000	1.7%	2,119,000
	Amortisation	CA	0	0%	0	0%	21,000
	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		31/12/2011		31/12/2009
	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	6,843,000	-2.0%	6,980,000	-43.2%	12,293,000
	Gross	CF	6,843,000	-2.0%	6,980,000	-43.2%	12,293,000
	Amortisation	CG	0	0%	0	0%	0

Prepaid expenses

			31/12/2013		31/12/2011		31/12/2009
	Prepaid expenses	Net	283,000	-12.7%	324,000	106.4%	157,000
	Gross	CH	283,000	-12.7%	324,000	106.4%	157,000
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2013		31/12/2011		31/12/2009
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		31/12/2011		31/12/2009
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		31/12/2011		31/12/2009
Grand Total (I to IV)	EE	50,915,000	2.9%	49,462,000	-6.4%	52,859,000

Shareholder Equity (I)

			31/12/2013		31/12/2011		31/12/2009
	Total shareholders' equity (Total I)	DL	36,395,000	9.8%	33,147,000	-10.2%	36,931,000
	Equity and shareholders' equity	DA	9,586,000	0%	9,586,000	-13.8%	11,125,000
	Issue and merger premiums	DB	4,222,000	0%	4,222,000	-56.3%	9,654,000
	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	19,511,000	10.5%	17,665,000	33.3%	13,252,000
	Profits or losses brought forward	DH	0	0%	0	0%	0
	Conversion differences	P1	-254,000	-213.6%	-81,000	47.1%	-153,000
	Net result - group part	P2	3,330,000	89.7%	1,755,000	-42.5%	3,053,000
	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		31/12/2011		31/12/2009
	Total other capital resources (Total II)	DO	0	0%	-35,000	41.7%	-60,000
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	-77,000	-4.1%	-74,000	47.9%	-142,000
	Others	P3	77,000	97.4%	39,000	-52.4%	82,000

Provisions for risks and charges (III)

		31/12/2013		31/12/2011		31/12/2009
Total provisions for risks and charges (Total III)	DR	1,669,000	-19.1%	2,063,000	93.7%	1,065,000
Conversion differences	P4	0	0%	0	0%	0
In reserves	P5	0	0%	0	0%	0
In results	P6	0	0%	0	0%	0
Total III	P7	0	0%	0	0%	0
Delayed tax	P8	75,000	188.5%	26,000	-86.1%	187,000
Acquisition differences	P9	0	0%	0	0%	230,000
Risk provisions	DP	588,000	40.0%	420,000	-35.2%	648,000
Reserves for charges	DQ	1,006,000	-37.8%	1,617,000	0%	0

Liabilities (IV)

			31/12/2013		31/12/2011		31/12/2009
	Total Liabilities (Total IV)	EC	12,850,000	-10.1%	14,286,000	-4.3%	14,921,000
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	844,000	1775.6%	45,000	9.8%	41,000
	Sundry loans and financial liabilities	DV	855,000	-37.5%	1,369,000	-50.4%	2,761,000
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	760,000	-30.1%	1,088,000	-7.9%	1,181,000
	Trade accounts payables	DX	4,318,000	-26.6%	5,886,000	26.6%	4,650,000
	Tax and social security liabilities	DY	4,573,000	23.7%	3,696,000	7.9%	3,426,000
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	463,000	-20.0%	579,000	1.9%	568,000

Translation loss (V)

		31/12/2013		31/12/2011		31/12/2009
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2013		31/12/2011		31/12/2009
Deferred income	EB	1,037,000	-36.1%	1,623,000	-29.3%	2,294,000

References

		31/12/2013		31/12/2011		31/12/2009
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		31/12/2011		31/12/2009
Operating result (Total I-II)	GG	4,452,000	48.3%	3,003,000	-2.9%	3,092,000

2 - Financial result (V - VI)

		31/12/2013		31/12/2011		31/12/2009
Financial result (Total V-VI)	GV	-414,000	64.5%	-1,166,000	-944.9%	138,000

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

		31/12/2013		31/12/2011		31/12/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	4,038,000	119.8%	1,837,000	-43.1%	3,230,000

4 - Extraordinary result (VII-VIII)

		31/12/2013		31/12/2011		31/12/2009
Extraordinary result (Total VII-VIII)	HI	-379,000	-238.4%	-112,000	-190.3%	124,000

Consolidation

		31/12/2013		31/12/2011		31/12/2009
Delayed tax	R1	0	0%	7,000	-94.1%	119,000
Net result before amortisation of acquisition differences	R2	3,334,000	89.4%	1,760,000	-42.4%	3,053,000
Endowment to amortisation of acquisition differences	R3	-4,000	0%	-4,000	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	3,330,000	89.6%	1,756,000	-42.5%	3,053,000
Cross-reference : equipment leasing	R7	0	0%	0	0%	0
Cross-reference : property leasing	R8	3,330,000	89.7%	1,755,000	-42.5%	3,053,000

Operating income (I)

		31/12/2013		31/12/2011		31/12/2009
Total operating income (Total I)	FR	54,929,000	17.6%	46,692,000	4.4%	44,718,000

Operating income (details)

			31/12/2013		31/12/2011		31/12/2009
	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	53,417,000	19.5%	44,682,000	0%	0
	France	FD	53,417,000	19.5%	44,682,000	0%	0
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	0	0%	0	0%	41,928,000
	France	FG	0	0%	0	0%	41,928,000
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	53,417,000	19.5%	44,682,000	6.6%	41,928,000
	France	FJ	53,417,000	19.5%	44,682,000	6.6%	41,928,000
	Export	FK	0	0%	0	0%	0
	Stocked production	FM	-354,000	-202.3%	346,000	-61.9%	909,000
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	358,000	10.5%	324,000	33.3%	243,000
	Release of reserves and provisions	FP	1,335,000	15.8%	1,153,000	-22.0%	1,478,000
	Other income	FQ	173,000	-7.5%	187,000	16.9%	160,000

Operating charges (II)

		31/12/2013		31/12/2011		31/12/2009
Total operating charges (Total II)	GF	50,477,000	15.5%	43,689,000	5.0%	41,626,000

Exploitation charges

		31/12/2013		31/12/2011		31/12/2009
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	19,720,000	27.8%	15,434,000	-6.2%	16,452,000
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	7,689,000	-2.3%	7,872,000	16.2%	6,774,000
Tax, duty and similar payments	FX	942,000	20.0%	785,000	9.0%	720,000
Payroll	FY	18,955,000	13.5%	16,706,000	53.6%	10,876,000
Social security costs	FZ	0	0%	0	0%	4,282,000

Depreciation

		31/12/2013		31/12/2011		31/12/2009
Depreciation of fixed assets	GA	3,171,000	9.6%	2,892,000	14.7%	2,522,000
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2013		31/12/2011		31/12/2009
Other charges	GE	0	0%	0	0%	0

Operating charges (III-IV)

		31/12/2013		31/12/2011		31/12/2009
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		31/12/2011		31/12/2009
	Total financial income (Total V)	GP	323,000	56.0%	207,000	-43.1%	364,000
	Share financial income	GJ	16,000	-63.6%	44,000	175.0%	16,000
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	6,000	-57.1%	14,000	-77.4%	62,000
	Released provisions and transferred charges	GM	208,000	1385.7%	14,000	-74.5%	55,000
	Exchange gains	GN	70,000	-38.1%	113,000	-18.7%	139,000
	Net income from disposal of investment securities	GO	23,000	4.5%	22,000	-76.1%	92,000

Financial Charge (VI)

			31/12/2013		31/12/2011		31/12/2009
	Total financial charge (Total VI)	GU	737,000	-46.3%	1,373,000	507.5%	226,000
	Financial reserves and provisions	GQ	1,000	-99.9%	1,019,000	7178.6%	14,000
	Interest and similar charges	GR	60,000	-1.6%	61,000	-46.5%	114,000
	Exchange losses	GS	676,000	133.1%	290,000	195.9%	98,000
	Net loss from disposal of investment securities	GT	0	0%	3,000	0%	0

Extraordinary income (VII)

			31/12/2013		31/12/2011		31/12/2009
	Total extraordinary income (Total VII)	HD	167,000	70.4%	98,000	-86.2%	708,000
	Extraordinary operating income	HA	69,000	137.9%	29,000	-85.1%	194,000
	Extraordinary income from capital transactions	HB	98,000	42.0%	69,000	-86.6%	514,000
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2013		31/12/2011		31/12/2009
	Total extraordinary charges (Total VIII)	HH	546,000	160.0%	210,000	-64.0%	584,000
	Extraordinary operating charges	HE	224,000	115.4%	104,000	-59.1%	254,000
	Extraordinary charges from capital transactions	HF	316,000	198.1%	106,000	-67.9%	330,000
	Extraordinary reserves and provisions	HG	6,000	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2013		31/12/2011		31/12/2009
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2013		31/12/2011		31/12/2009
Tax on profits (Total X)	HK	325,000	873.8%	-42,000	-123.0%	183,000

References

		31/12/2013		31/12/2011		31/12/2009
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		31/12/2011		31/12/2009
Fixed Asset Financing		2.18	5.3%	2.07	-8.8%	2.27
Global Debt		86.60 days	-24.8%	115.10 days	-10.2%	128.11 days
Working Capital Fund overall net		193.29 days	-1.3%	195.79 days	-17.3%	236.66 days
Financial independence		4243.36%	-94.2%	73035.56%	-18.9%	90075.61%
More ratios
Solvability		71.48%	6.8%	66.94%	-4.0%	69.75%

Management or rotation

		31/12/2013		31/12/2011		31/12/2009
Need background in operating working capital		152.26days	1.5%	150.05days	0.4%	149.46days
Treasury		46.12 days	-18.0%	56.24 days	-46.7%	105.55 days
Inventory turnover of goods		0 days	0%	0 days	0%	0 days
More ratios
Inventory turnover of raw materials in industrial enterprises		187.92 days	-25.7%	252.80 days	17.3%	215.45 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		31/12/2011		31/12/2009
Margin trading		0%	0%	0%	0%	0
Profitability of the business		11.45	12.4%	10.19	7.5%	9.48
More ratios
Rates integration		48.03%	-1.2%	48.61%	3.9%	46.77%
Rate leasing furniture		0%	0%	0%	0%	0%
Weight interests		1.38	-55.0%	3.07%	468.5%	0.54%

Return on capital

		31/12/2013		31/12/2011		31/12/2009
Rates of economic profitability		16.05%	21.7%	13.19%	31.6%	10.02%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Company details

Activity (APE)	Fabrication d'instrumentation scientifique et technique (2651B) (Manufacture of scientific and technical instrumentation (2651B))
RCS Registration	RCS Versailles 7 313 997 223	Share capital	9,585,900 Euros
Registration Court	Versailles (78)	Legal form	Public limited company with board of directors
Court Registry Number	19 7 8B01001	EUR VAT Number	FR43313997223
Incorporation Date	10/1978	Formation Date	01/1978
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Ultimate Parent

1 ultimate parent company for this company >  ENVIRONNEMENT SA  - Fabrication d'instrumentation scientifique et technique (2651B)  in POISSY   (78300)

Establishment details

Activity (APE)	Fabrication d'instrumentation scientifique et technique (2651B)	Business Pages FT	APPAREILS DE MESURE, DE CONTROLE, DE REGULATION ET DE DETECTION
Postal Address	ENVIRONNEMENT SA 111 BD ROBESPIERRE BP 13 78302 POISSY CEDEX	Trading Address	111 BOULEVARD ROBESPIERRE 78300 POISSY
Telephone	01 39 22 38 00
Fax

Type	Head office	Status	Economically active
Formation Date	01/1978	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Yvelines (78)	Region	Ile-de-France
District	3	Area	97
City	POISSY	Size of urban area	Paris conglomeration

Other establishments

Branches	3 branch entities in this company
Head office	> ENVIRONNEMENT SA <<<   - Fabrication d'instrumentation scientifique et technique (2651B)  in POISSY   (78300)
Secondary establishments	>  ENVIRONNEMENT SA  - Fabrication d'instrumentation scientifique et technique (2651B)  in LA ROCHE BLANCHE   (63670) >  ENVIRONNEMENT SA  - Fabrication d'instrumentation scientifique et technique (2651B)  in BIDART   (64210) >  ENVIRONNEMENT SA  - Fabrication d'instrumentation scientifique et technique (2651B)  in COURNON D'AUVERGNE   (63800) >  ENVIRONNEMENT SA  - Fabrication d'instrumentation scientifique et technique (2651B)  in IGNY  (91430) > ...

Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce in same area
Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 80 to 99% of workforce

Event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
12/08/2014	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2698 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Administration : Président du conseil d'administration Administrateur : GOURDON FRANCOIS PIERRE LOUIS modification le 21 Octobre 2013 Administrateur : MASSON DEBLAIZE Evelyne Elisabeth modification le 21 Octobre 2013 Administrateur : MOULENE Daniel Maurice modification le 12 Juillet 2000 Directeur général Administrateur : CHEVILLION Christophe modification le 24 Mai 2012 Commissaire aux comptes suppléant : JACQUES WENIG ET ASSOCIES en fonction le 11 Septembre 2006 Commissaire aux comptes titulaire : COHEN Philippe modification le 04 Août 2014 Administrateur : CHAMBOLLE Jean en fonction le 03 Septembre 2008 Commissaire aux comptes titulaire : AP ETLIN SARL en fonction le 03 Septembre 2008 Administrateur : SAGLIO Jean-François en fonction le 05 Mai 2011 Commissaire aux comptes suppléant : CASELLI ET ASSOCIES en fonction le 04 Août 2014. Activité : . Commentaires : Modification de représentant.
02/08/2014	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 4313 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
02/08/2014	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 4312 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
29/10/2013	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1315 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Administration : Président du conseil d'administration Administrateur : GOURDON FRANCOIS PIERRE LOUIS modification le 21 Octobre 2013 Administrateur : MASSON DEBLAIZE Evelyne Elisabeth modification le 21 Octobre 2013 Administrateur : MOULENE Daniel Maurice modification le 12 Juillet 2000 Directeur général Administrateur : CHEVILLION Christophe modification le 24 Mai 2012 Commissaire aux comptes suppléant : JACQUES WENIG ET ASSOCIES en fonction le 11 Septembre 2006 Commissaire aux comptes titulaire : COHEN Philippe en fonction le 11 Septembre 2006 Commissaire aux comptes suppléant : PASTURAL Michel en fonction le 11 Septembre 2006 Administrateur : CHAMBOLLE Jean en fonction le 03 Septembre 2008 Commissaire aux comptes titulaire : AP ETLIN SARL en fonction le 03 Septembre 2008 Administrateur : SAGLIO Jean-François en fonction le 05 Mai 2011. Activité : . Commentaires : Modification de représentant.
22/10/2013	JAL	Appointment of the social representative
Semaine de l Ile-de-France (La) Date de décision : 18/09/2013 Société faisant l'objet d'une nomination : 313997223 - ENVIRONNEMENT SA, 111 BD ROBESPIERRE, BP 13, 78300 POISSY Nominé : Monsieur François GOURDON, 78670 VILLENNES SUR SEINE En la fonction de : Président du Conseil d'Administration Nominé : Monsieur Christophe CHEVILLION En la fonction de : Directeur général
22/10/2013	JAL	Resignation / Revocation of the social representative
Semaine de l Ile-de-France (La) Date de décision : 18/09/2013 La société 313997223 - ENVIRONNEMENT SA, 111 BD ROBESPIERRE, BP 13, 78300 POISSY Fait l'objet du départ de Madame Evelyne GOURDON
29/08/2013	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 4897 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
29/08/2013	Bodacc C	Comptes consolidés et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 4896 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
13/08/2013	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1338 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Administration : Administrateur : GOURDON FRANCOIS PIERRE LOUIS modification le 05 Mars 2013 Président du conseil d'administration Administrateur : MASSON DEBLAIZE Evelyne Elisabeth modification le 05 Mars 2013 Administrateur : MOULENE Daniel Maurice modification le 12 Juillet 2000 Directeur général Administrateur : CHEVILLION Christophe modification le 24 Mai 2012 Commissaire aux comptes suppléant : JACQUES WENIG ET ASSOCIES en fonction le 11 Septembre 2006 Commissaire aux comptes titulaire : COHEN Philippe en fonction le 11 Septembre 2006 Commissaire aux comptes suppléant : PASTURAL Michel en fonction le 11 Septembre 2006 Administrateur : CHAMBOLLE Jean en fonction le 03 Septembre 2008 Commissaire aux comptes titulaire : AP ETLIN SARL en fonction le 03 Septembre 2008 Administrateur : SAGLIO Jean-François en fonction le 05 Mai 2011. Activité : . Commentaires : Modification de représentant.
06/08/2013	JAL	Resignation / Revocation of the social representative
Semaine de l Ile-de-France (La) Date de décision : 20/06/2013 La société 313997223 - ENVIRONNEMENT SA, 111 BD ROBESPIERRE, BP 13, 78300 POISSY Fait l'objet du départ de Monsieur Mathieu ANTONINI
13/03/2013	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 3642 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Administration : Administrateur : GOURDON FRANCOIS PIERRE LOUIS modification le 05 Mars 2013 Président du conseil d'administration Administrateur : MASSON DEBLAIZE Evelyne Elisabeth modification le 05 Mars 2013 Administrateur : MOULENE Daniel Maurice modification le 12 Juillet 2000 Directeur général Administrateur : CHEVILLION Christophe modification le 24 Mai 2012 Administrateur : ANTONINI Mathieu modification le 24 Mai 2012 Commissaire aux comptes suppléant : JACQUES WENIG ET ASSOCIES en fonction le 11 Septembre 2006 Commissaire aux comptes titulaire : COHEN Philippe en fonction le 11 Septembre 2006 Commissaire aux comptes suppléant : PASTURAL Michel en fonction le 11 Septembre 2006 Administrateur : CHAMBOLLE Jean en fonction le 03 Septembre 2008 Commissaire aux comptes titulaire : AP ETLIN SARL en fonction le 03 Septembre 2008 Administrateur : SAGLIO Jean-François en fonction le 05 Mai 2011. Activité : . Commentaires : Modification de représentant.
05/03/2013	JAL	Appointment of the social representative
Semaine de l Ile-de-France (La) Date de décision : 22/02/2013 Société faisant l'objet d'une nomination : 313997223 - ENVIRONNEMENT SA, 111 BD ROBESPIERRE, BP 13, 78300 POISSY Nominé : Madame Evelyne GOURDON, 78670 VILLENNES SUR SEINE En la fonction de : Président du Conseil d'Administration
05/03/2013	JAL	Resignation / Revocation of the social representative
Semaine de l Ile-de-France (La) Date de décision : 22/02/2013 La société 313997223 - ENVIRONNEMENT SA, 111 BD ROBESPIERRE, BP 13, 78300 POISSY Fait l'objet du départ de Monsieur François GOURDON
18/09/2012	Bodacc A	Vente et cession : Acheteur
63 - PUY-DE-DOME GREFFE DU TRIBUNAL DE COMMERCE DE CLERMONT-FERRAND 485 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre, 78300 Poissy. Origine du fonds : Etablissement secondaire acquis par achat au prix stipulé de 650000 Euros. Etablissement : Etablissement secondaire. Activité : Applications de réglage automatique aux industries. Adresse : 12 rue Eugène Renaux, Zi, 63800 Cournon-d'Auvergne. Précédent propriétaire : OTI INDUSTRIE. 855 200 846 RCS Clermont-Ferrand. Date de commencement de l’activité : 01/07/2012. Publication légale : L'auvergne agricole du 02/08/2012. Oppositions : Cesis - Cabinet D'avocats 126, rue Armand Fallières 63028 Clermont-Ferrand Cedex 2. Descriptif : . Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
26/07/2012	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 8821 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
26/07/2012	Bodacc C	Comptes annuels, consolidés et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 8822 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
05/06/2012	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2713 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Capital : 9585900 EUR. Activité : . Commentaires : Modification du capital.
29/05/2012	JAL	Modification of the share capital
Semaine de l'Ile-de-France (La) Date de décision : 05/04/2012 La société : 313997223 - ENVIRONNEMENT SA, 111 BD ROBESPIERRE, BP 13, 78300 POISSY a subi une augmentation de son capital social désormais de 9 585 900 € Date d'effet : 05/04/2012
13/05/2011	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2067 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Administration : Président du conseil d'administration : GOURDON FRANCOIS PIERRE LOUIS modification le 31 Janvier 2002 Administrateur : MASSON DEBLAIZE Evelyne Elisabeth en fonction le 16 Septembre 1997 Administrateur : MOULENE Daniel Maurice modification le 12 Juillet 2000 Directeur général et administrateur : CHEVILLION Christophe en fonction le 04 Septembre 2002 Administrateur : ANTONINI Mathieu en fonction le 29 Décembre 2005 Commissaire aux comptes suppléant : JACQUES WENIG ET ASSOCIES en fonction le 11 Septembre 2006 Commissaire aux comptes titulaire : COHEN Philippe en fonction le 11 Septembre 2006 Commissaire aux comptes suppléant : PASTURAL Michel en fonction le 11 Septembre 2006 Administrateur : CHAMBOLLE Jean en fonction le 03 Septembre 2008 Commissaire aux comptes titulaire : AP ETLIN SARL en fonction le 03 Septembre 2008 Administrateur : SAGLIO Jean-François en fonction le 05 Mai 2011. Activité : . Commentaires : Modification de représentant.
10/05/2011	JAL	Resignation / Revocation of the social representative
Semaine de l'Ile-de-France (La) Date de décision : 07/04/2011 La société 313997223 - ENVIRONNEMENT SA, 111 BD ROBESPIERRE, BP 13, 78300 POISSY Fait l'objet du départ de Date d'effet : 07/04/2011
16/01/2011	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 904 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Administration : Président du conseil d'administration : GOURDON FRANCOIS PIERRE LOUIS modification le 31 Janvier 2002 Administrateur : MASSON DEBLAIZE Evelyne Elisabeth en fonction le 16 Septembre 1997 Administrateur : MOULENE Daniel Maurice modification le 12 Juillet 2000 Directeur général et administrateur : CHEVILLION Christophe en fonction le 04 Septembre 2002 Administrateur : BANQUE BRUXELLES LAMBERT (GROUPE ING) représenté par BIJU-DUVAL Denis en fonction le 21 Janvier 2003 Administrateur : ANTONINI Mathieu en fonction le 29 Décembre 2005 Commissaire aux comptes suppléant : JACQUES WENIG ET ASSOCIES en fonction le 11 Septembre 2006 Commissaire aux comptes titulaire : COHEN Philippe en fonction le 11 Septembre 2006 Commissaire aux comptes suppléant : PASTURAL Michel en fonction le 11 Septembre 2006 Administrateur : CHAMBOLLE Jean en fonction le 03 Septembre 2008 Commissaire aux comptes titulaire : AP ETLIN SARL en fonction le 03 Septembre 2008. Capital : 9569400 EUR. Activité : . Commentaires : Modification du capital. Modification de représentant.
11/01/2011	JAL	Modification of the share capital
Semaine de l'Ile-de-France (La) Date de décision : 23/12/2010 La société : 313997223 - ENVIRONNEMENT SA, 111 BD ROBESPIERRE, BP 13, 78300 POISSY a subi une diminution de son capital social désormais de 9 569 400 € Date d'effet : 23/12/2010
26/07/2010	Bodacc C	Comptes annuels, consolidés et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 6109 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
26/07/2010	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 6110 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
31/07/2009	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 4734 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
31/07/2009	Bodacc C	Comptes consolidés et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 4735 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
12/09/2008	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1213 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Administration : Président du conseil d'administration : GOURDON FRANCOIS PIERRE LOUIS modification le 31 Janvier 2002. Administrateur : MASSON DEBLAIZE Evelyne Elisabeth en fonction le 16 Septembre 1997. Administrateur : MOULENE Daniel Maurice modification le 12 Juillet 2000. Directeur général et administrateur : CHEVILLION Christophe en fonction le 04 Septembre 2002. Administrateur : BANQUE BRUXELLES LAMBERT (GROUPE ING) représenté par BIJU-DUVAL Denis en fonction le 21 Janvier 2003. Administrateur : ANTONINI Mathieu en fonction le 29 Décembre 2005. Administrateur : OPPENEAU Jean-Claude en fonction le 29 Décembre 2005. Commissaire aux comptes suppléant : JACQUES WENIG ET ASSOCIES en fonction le 11 Septembre 2006. Commissaire aux comptes titulaire : COHEN Philippe en fonction le 11 Septembre 2006. Commissaire aux comptes suppléant : PASTURAL Michel en fonction le 11 Septembre 2006. Administrateur : CHAMBOLLE Jean en fonction le 03 Septembre 2008. Commissaire aux comptes titulaire : AP ETLIN SARL en fonction le 03 Septembre 2008. Commentaires : Modification de représentant.
07/09/2008	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 3384 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
07/09/2008	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 3385 - 313997223 RCS. ENVIRONNEMENT SA. Forme : Société anonyme. Adresse : 111 boulevard Robespierre 78300 Poissy. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
27/03/2008	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2743 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Capital : 11124954 EUR. Commentaires : Modification du capital.
05/03/2008	Bodacc A	Vente et cession : Acheteur
64 - PYRENEES-ATLANTIQUES GREFFE DU TRIBUNAL DE COMMERCE DE BAYONNE 1427 - Réctificatif. Parution avis précédent : BODACC A. Numéro de parution : . Date de parution : 4 décembre 2007. Numéro d’annonce : 295. Cet avis est annulé et remplacé par le suivant. 313 997 223 RCS Versailles. ENVIRONNEMENT S.A. Forme : S.A. Capital : 11111208 EUR. Adresse : 111 boulevard Robespierre, 78300 Poissy. Origine du fonds : Etablissement principal acquis par achat au prix stipulé de 889 910 euros. Etablissement : Etablissement principal. Activité : audit de conseil, de développement, d'ingénierie, de réalisation et de mise en service de maintenance automatique, électronique, informatique et d'équipements industriels. Enseigne : Iseo. Adresse : Technopôle Izarbel, 64210 Bidart. Précédent propriétaire : ISEO. 399 662 071 RCS Bayonne. Date de commencement de l’activité : 01/10/2007. Publication légale : Les Petites Affiches Bearnaises et des Pyrénées-Atlantiques du 06/11/2007. Oppositions : au fonds, pour la validité et Séquestre Juridique de l'Ordre des Avocats, 11 place Dauphine, 75053 Paris-Louvre R.P.-S.P., pour la correspondance. Commentaires : Achat d'un établissement principal par une personne morale lors de l'immatriculation.
20/02/2008	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2384 - 313 997 223 RCS Versailles. ENVIRONNEMENT SA. Forme : Société anonyme. Capital : 11125404 EUR. Commentaires : Modification du capital.
04/12/2007	Bodacc A	Vente et cession
295 - RCS Versailles 313 997 223. ENVIRONNEMENT S.A. Forme : S.A. Capital : 11 111 208 euros. Adresse du siège social : 111 boulevard Robespierre, 78300 Poissy. Etablissement principal - Enseigne : Iseo. Activité : audit de conseil, de développement, d'ingénierie, de réalisation et de mise en service de maintenance automatique, électronique, informatique et d'équipements industriels . Adresse : Technopôle Izarbel, 64210 Bidart. Etablissement principal acquis par achat au prix stipulé de 889 910 euros. Date de début d'activité : 1er novembre 2007. Précédent propriétaire exploitant : ISEO. RCS Bayonne 399 662 071. Publication légale : Les Petites affiches béarnaises et des Pyrénées-Atlantiques du 6 novembre 2007. Oppositions : au fonds, pour la validité et Séquestre Juridique de l'Ordre des Avocats, 11 place Dauphine, 75033 Paris-Louvre R.P.-S.P., pour la correspondance.
13/09/2007	Bodacc C	Avis de dépôt des comptes
2497 - 313 997 223. RCS Versailles ENVIRONNEMENT SA. Forme: Société anonyme. Adresse du siège social: 111 boulevard Robespierre 78300 Poissy. Comptes consolidés et rapport de l'exercice clos le: 31 décembre 2006.
13/09/2007	Bodacc C	Avis de dépôt des comptes
2498 - 313 997 223. RCS Versailles ENVIRONNEMENT SA. Forme: Société anonyme. Adresse du siège social: 111 boulevard Robespierre 78300 Poissy. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
24/09/2006	Bodacc B	Modifications et mutations diverses
1862 - RCS Versailles B 313 997 223. RC 78-B 1001. ENVIRONNEMENT S.A. Forme : S.A. Capital : 11 111 208 euros. Commentaires : modification survenue sur le capital (augmentation).
21/09/2006	Bodacc B	Modifications et mutations diverses
1356 - RCS Versailles B 313 997 223. RC 78-B 1001. ENVIRONNEMENT S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes suppléant partant : S.A. DE COMMISSARIAT AUX COMPTES ACOFI. Co-commissaire aux comptes suppléant partant : CASELLI (Gérard). Co-commissaire aux comptes titulaire partant : CASELLI ET ASSOCIES. Nomination d'un commissaire aux comptes suppléant : JACQUES WENIG ET ASSOCIES. Nomination d'un commissaire aux comptes titulaire : COHEN (Philippe). Nomination d'un commissaire aux comptes suppléant : PASTURAL (Michel).
30/08/2006	Bodacc C	Avis de dépôt des comptes
111 - RCS Versailles B 313 997 223. RC 78-B 1001. ENVIRONNEMENT SA. Forme: S.A. Adresse du siège social: 111, boulevard Robespierre,78300 Poissy. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
30/08/2006	Bodacc C	Avis de dépôt des comptes
112 - RCS Versailles B 313 997 223. RC 78-B 1001. ENVIRONNEMENT SA. Forme: S.A. Adresse du siège social: 111, boulevard Robespierre,78300 Poissy. Comptes consolidés et rapport de l'exercice clos le: 31 décembre 2005.
12/04/2006	Bodacc B	Modifications et mutations diverses
1621 - RCS Versailles B 313 997 223. RC 78-B 1001. ENVIRONNEMENT S.A. Forme : S.A. Capital : 11 076 714 euros. Commentaires : modification survenue sur le capital (augmentation).
22/01/2006	Bodacc B	Modifications et mutations diverses
1967 - RCS Versailles B 313 997 223. RC 78-B 1001. ENVIRONNEMENT S.A. Forme : S.A. Capital : 8 861 370 euros. Commentaires : modification survenue sur le capital (augmentation) et l'administration. Administration : nomination d'administrateurs : ANTONINI (Mathieu) OPPENEAU (Jean-Claude).
24/08/2005	Bodacc C	Avis de dépôt des comptes
132 - RCS Versailles B 313 997 223. RC 78-B 1001. ENVIRONNEMENT SA. Forme: S.A. Adresse du siège social: 111, boulevard Robespierre,78300 Poissy. Comptes consolidés et rapport de l'exercice clos le: 31 décembre 2004.
24/08/2005	Bodacc C	Avis de dépôt des comptes
133 - RCS Versailles B 313 997 223. RC 78-B 1001. ENVIRONNEMENT SA. Forme: S.A. Adresse du siège social: 111, boulevard Robespierre,78300 Poissy. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
24/03/2005	Bodacc B	Modifications et mutations diverses
701 - RCS Versailles B 313 997 223. RC 78-B 1001. ENVIRONNEMENT S.A. Forme : S.A. Capital : 8 648 697,12 euros. Commentaires : modification survenue sur le capital (augmentation).
18/03/2005	Bodacc B	Modifications et mutations diverses
1880 - RCS Versailles B 313 997 223. RC 78-B 1001. ENVIRONNEMENT S.A. Forme : S.A. Capital : 8 438 466,72 euros. Commentaires : modification survenue sur le capital (augmentation).
10/12/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313997223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Capital : 8 407 547,04 euros. Commentaires : modification survenue sur le capital ( augmentation).
09/11/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313997223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : nomination d'un co-commissaire aux comptes suppléant : CASELLI (Gérard). Nomination d'un co-commissaire aux comptes titulaire : CASELLI ET ASSOCIES.
27/03/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313997223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Capital : 8 367 287,04 euros. Activité : études, fabrication, commercialisation d' appareils de matériel et de services scientifiques, à l'exception de tout matériel de fermentation. Adresse du siège social : 111 boulevard Robespierre, 78300 Poissy. Commentaires : fusion- absorption de la STE FRANCAISE D' INGENIERIE-S.F.I. S.A.,. RCS 381 998 863, 36 boulevard des Océans, 13009 Marseille.
25/02/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313997223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Capital : 8 367 287,04 euros. Commentaires : modification survenue sur le capital ( augmentation).
06/02/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313997223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Capital : 8 190 201,60 euros. Commentaires : modification survenue sur le capital ( augmentation) et l'administration. Administration : nomination d'un administrateur : BANQUE BRUXELLES LAMBERT GROUPE I.N.G., représentée par BIJU-DUVAL (Denis).
17/09/2002	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313997223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : GOURDON ( Gérard, Raymond, Francis). Nomination d' un directeur général et administrateur : CHEVILLION (Christophe).
17/09/2002	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313997223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Capital : 7 378 560 euros. Commentaires : modification survenue sur le capital ( augmentation).
13/09/2002	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313997223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : BARTHELEMY ( Dominique).
02/09/2002	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313997223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : EURO ENVIRONNEMENT INVESTMENT ET COMPAGNIE, représentée par BARTHELEMY (Dominique). Nomination d'un administrateur : BARTHELEMY (Dominique).
27/07/2000	Bodacc B	Modifications et mutations diverses
*. RCS Versailles B 313 997 223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification : administrateur : MOULENE (Daniel, Maurice).
30/10/1998	Bodacc B	Modifications et mutations diverses
RCS *. RCS Versailles B 313 997 223 RC RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Capital : 48 384 000 F. Commentaires : modification survenue sur le capital ( augmentation).
20/09/1998	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313 997 223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification du directeur général : MOULENE (Daniel, Maurice).
27/02/1998	Bodacc B	Modifications et mutations diverses
RCS *. RCS Versailles B 313 997 223 RC RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S. A. Capital : 40 001 000 F. Commentaires : modification survenue sur le capital ( augmentation).
09/11/1997	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313 997 223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Capital : 27 530 100 F. Adresse du siège social : 111 boulevard Robespierre 78300 Poissy. Commentaires : société ayant participée à la fusion-absorption simplifiée de la STE EMISSION par la S. A. ENVIRONNEMENT. Date d'effet : 1er septembre 1997.
09/11/1997	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313 997 223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Capital : 27 530 100 F. Adresse du siège social : 111 boulevard Robespierre 78300 Poissy. Commentaires : société ayant participée à la fusion-absorption simplifiée de la S.A. HYDRO ENVIRONNEMENT par la S.A ENVIRONNEMENT. Date d'effet : 1er septembre 1997.
04/10/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Versailles B 313 997 223 RC RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S. A. Administration : nomination en qualité d'administrateurs : MASSON DEBLAIZE ( Evelyne, Elisabeth), nom d'usage : GOURDON MOULENE (Daniel, Maurice). Commentaires : modification survenue sur l'administration.
28/05/1997	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313 997 223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Capital : 27 530 100 F. Commentaires : modification survenue sur le capital ( augmentation).
28/05/1997	Bodacc B	Modifications et mutations diverses
RCS Versailles B 313 997 223 RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : GOURDON, née MASSON-DEBLAIZE (Evelyne, Elisabeth). Nomination d'un administrateur : O.N.S.
22/02/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Versailles B 313 997 223 RC RC 78-B 1001 ENVIRONNEMENT S.A. Forme : S.A. Capital : 17 647 500 F. Commentaires : modification survenue sur le capital.

Company events history

Date	Description
12/08/2014	Bodacc B: Various editing or changing
04/08/2014	New auditor
04/08/2014	Minutes of general meeting of shareholders
02/08/2014	Bodacc C : Deposit accounts notice
01/08/2014	New subsidiarie(s) detected
25/07/2014	Update Limit
25/07/2014	Update Rating
25/07/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
04/07/2014	Update of participations in other companies
21/06/2014	Update Limit
21/06/2014	Update Rating
21/06/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2013	New consolidated accounts available
31/12/2013	New accounts available
29/10/2013	Bodacc B: Various editing or changing
22/10/2013	Legal Gazette: Resignation / Revocation of the social representative
21/10/2013	New chairman (CEO, CoB)
21/10/2013	Changes to the Board of Directors
21/10/2013	Amendment
14/10/2013	Update Limit
14/10/2013	Update Rating
18/09/2013	Legal Gazette: Appointment of the social representative
29/08/2013	Bodacc C : Deposit accounts notice
17/08/2013	Update Rating
17/08/2013	Update Limit
17/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
13/08/2013	Bodacc B: Various editing or changing
06/08/2013	Legal Gazette: Resignation / Revocation of the social representative
05/08/2013	Minutes of Board meeting
05/08/2013	Changes to the Board of Directors
13/03/2013	Bodacc B: Various editing or changing
05/03/2013	Amendment
05/03/2013	New chairman (CEO, CoB)
05/03/2013	Legal Gazette: Resignation / Revocation of the social representative
22/02/2013	Legal Gazette: Appointment of the social representative
31/12/2012	New consolidated accounts available
31/12/2012	New accounts available
18/09/2012	Bodacc A : Sale and transfer
27/07/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
26/07/2012	Bodacc C : Deposit accounts notice
06/07/2012	Update of participations in other companies
06/07/2012	New shareholders detected
01/07/2012	Formation of Establishment
05/06/2012	Bodacc B: Various editing or changing
24/05/2012	Capital increase
24/05/2012	Updated articles of association
24/05/2012	Minutes of general meeting of shareholders
24/05/2012	Amendment
05/04/2012	Legal Gazette: Modification of the share capital
31/12/2011	New consolidated accounts available
31/12/2011	New accounts available
05/09/2011	Bodacc C : Deposit accounts notice
31/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
13/05/2011	Bodacc B: Various editing or changing
10/05/2011	Legal Gazette: Resignation / Revocation of the social representative
05/05/2011	Amendment
05/05/2011	Minutes of Board meeting
05/05/2011	Changes to the Board of Directors
05/05/2011	Acte modificatif
05/05/2011	Modification du Conseil d'Administration
16/01/2011	Bodacc B: Various editing or changing
06/01/2011	Modification du Conseil d'Administration
06/01/2011	Statuts mis à jour
06/01/2011	Updated articles of association
06/01/2011	Acte modificatif
06/01/2011	Réduction de Capital
06/01/2011	Amendment
06/01/2011	Changes to the Board of Directors
06/01/2011	Minutes of Board meeting
06/01/2011	Capital reduction
31/12/2010	New accounts available
23/12/2010	Legal Gazette: Modification of the share capital
12/11/2010	Update of participations in other companies
12/11/2010	New shareholders detected
12/11/2010	New subsidiarie(s) detected
28/10/2010	Minutes of general meeting of shareholders
28/10/2010	PV d'Assemblée
28/10/2010	Réduction de Capital
28/10/2010	Capital reduction
26/07/2010	Bodacc C : Deposit accounts notice
09/07/2010	New subsidiarie(s) detected
31/12/2009	New consolidated accounts available
31/12/2009	New accounts available
31/07/2009	Bodacc C : Deposit accounts notice
31/12/2008	New consolidated accounts available
31/12/2008	New accounts available
13/10/2008	Payment incident closed
23/09/2008	Payment incident detected
12/09/2008	New Bodacc B ads detected
12/09/2008	Bodacc B: Various editing or changing
07/09/2008	Bodacc C : Deposit accounts notice
03/09/2008	Modification du Conseil d'Administration
03/09/2008	Changes to the Board of Directors
03/09/2008	Minutes of general meeting of shareholders
03/09/2008	PV d'Assemblée
03/09/2008	Appointment/resignation of company officers
03/09/2008	Private document
03/09/2008	New auditor
03/09/2008	Changement de Commissaire aux Comptes
31/03/2008	Minutes of Board meeting
31/03/2008	Statuts mis à jour
31/03/2008	Updated articles of association
31/03/2008	Correction of a material error
31/03/2008	Private document
31/03/2008	Acte modificatif
31/03/2008	PV du Conseil d'Administration
27/03/2008	New Bodacc B ads detected
27/03/2008	Bodacc B: Various editing or changing
05/03/2008	New Bodacc A ads detected
05/03/2008	Bodacc A : Sale and transfer
20/02/2008	New Bodacc B ads detected
20/02/2008	Bodacc B: Various editing or changing
31/12/2007	New consolidated accounts available
31/12/2007	New accounts available
08/11/2007	Minutes of Board meeting
08/11/2007	Augmentation de Capital
08/11/2007	Private document
08/11/2007	Updated articles of association
08/11/2007	Statuts mis à jour
08/11/2007	Capital increase
08/11/2007	PV du Conseil d'Administration
08/11/2007	Acte modificatif
07/11/2007	PV du Conseil d'Administration
07/11/2007	Minutes of Board meeting
07/11/2007	Acte modificatif
07/11/2007	Amendment
07/11/2007	Capital increase
07/11/2007	Private document
07/11/2007	Augmentation de Capital
07/11/2007	Minutes of general meeting of shareholders
07/11/2007	PV d'Assemblée
01/10/2007	Formation of Establishment
27/09/2007	Other modification of Establishment
23/07/2007	Private document
23/07/2007	PV d'Assemblée
23/07/2007	Updated articles of association
23/07/2007	Statuts mis à jour
23/07/2007	Minutes of general meeting of shareholders
31/12/2006	New consolidated accounts available
31/12/2006	New accounts available
12/09/2006	Augmentation de Capital
12/09/2006	Capital increase
12/09/2006	Private document
12/09/2006	PV du Conseil d'Administration
12/09/2006	Minutes of Board meeting
12/09/2006	Acte modificatif
12/09/2006	Statuts mis à jour
12/09/2006	Updated articles of association
11/09/2006	Changement de Commissaire aux Comptes
11/09/2006	New auditor
11/09/2006	Minutes of general meeting of shareholders
11/09/2006	PV d'Assemblée
11/09/2006	Appointment/resignation of company officers
11/09/2006	Private document
06/09/2006	Private document
06/09/2006	Minutes of general meeting of shareholders
06/09/2006	PV d'Assemblée
06/09/2006	Augmentation de Capital
06/09/2006	PV du Conseil d'Administration
06/09/2006	Amendment
06/09/2006	Acte modificatif
06/09/2006	Minutes of Board meeting
15/03/2006	Changes to the Board of Directors
15/03/2006	Capital increase
15/03/2006	Augmentation de Capital
15/03/2006	PV d'Assemblée
15/03/2006	Minutes of general meeting of shareholders
15/03/2006	Nomination/démission des organes de gestion
15/03/2006	Appointment/resignation of company officers
15/03/2006	Fund deposit certificate
15/03/2006	Certificat de dépôt des fonds
15/03/2006	Modification du Conseil d'Administration
15/03/2006	Acte sous seing privé
15/03/2006	Rapport des Commissaires ou du Gérant
15/03/2006	Audit or Management Report
15/03/2006	Updated articles of association
15/03/2006	Statuts mis à jour
15/03/2006	PV du Conseil d'Administration
15/03/2006	Minutes of Board meeting
15/03/2006	Acte modificatif
15/03/2006	Private document
31/12/2005	New accounts available
29/12/2005	Nomination/démission des organes de gestion
29/12/2005	Private document
29/12/2005	Capital increase
29/12/2005	Augmentation de Capital
29/12/2005	Updated articles of association
29/12/2005	PV d'Assemblée
29/12/2005	Minutes of general meeting of shareholders
29/12/2005	Acte sous seing privé
29/12/2005	Statuts mis à jour
29/12/2005	Appointment/resignation of company officers
29/12/2005	Modification du Conseil d'Administration
18/02/2005	Updated articles of association
18/02/2005	Statuts mis à jour
18/02/2005	PV du Conseil d'Administration
18/02/2005	Acte modificatif
18/02/2005	Private document
18/02/2005	Acte sous seing privé
18/02/2005	Capital increase
18/02/2005	Augmentation de Capital
18/02/2005	PV d'Assemblée
18/02/2005	Minutes of general meeting of shareholders
15/02/2005	Statuts mis à jour
15/02/2005	Augmentation de Capital
15/02/2005	Capital increase
15/02/2005	Acte sous seing privé
15/02/2005	Private document
15/02/2005	PV du Conseil d'Administration
15/02/2005	Fund deposit certificate
15/02/2005	Acte modificatif
15/02/2005	Minutes of Board meeting
15/02/2005	PV d'Assemblée
15/02/2005	Minutes of general meeting of shareholders
15/02/2005	Certificat de dépôt des fonds
15/02/2005	Updated articles of association
31/12/2004	New accounts available
31/12/2003	New accounts available
28/11/2003	Changement de Commissaire aux Comptes
28/11/2003	Acte sous seing privé
28/11/2003	PV du Conseil d'Administration
28/11/2003	Augmentation de Capital
28/11/2003	PV d'Assemblée
28/11/2003	Statuts mis à jour
28/11/2003	Acte modificatif
29/10/2003	Changement de Commissaire aux Comptes
29/10/2003	Acte sous seing privé
29/10/2003	PV d'Assemblée
29/10/2003	Nomination/démission des organes de gestion
14/03/2003	Déclaration de conformité
14/03/2003	PV du Conseil d'Administration
14/03/2003	PV d'Assemblée
14/03/2003	Acte sous seing privé
14/03/2003	Fusion
14/03/2003	Acte modificatif
11/02/2003	Statuts mis à jour
11/02/2003	PV d'Assemblée
11/02/2003	Certificat de dépôt des fonds
11/02/2003	PV du Conseil d'Administration
11/02/2003	Acte modificatif
11/02/2003	Acte sous seing privé
11/02/2003	Augmentation de Capital
21/01/2003	Certificat de dépôt des fonds
21/01/2003	Statuts mis à jour
21/01/2003	Modification du Conseil d'Administration
21/01/2003	Acte sous seing privé
21/01/2003	Augmentation de Capital
21/01/2003	PV d'Assemblée
21/01/2003	Acte modificatif
21/01/2003	PV du Conseil d'Administration
23/12/2002	Acte sous seing privé
23/12/2002	Rapport des Commissaires ou du Gérant
28/11/2002	Acte sous seing privé
28/11/2002	Augmentation de Capital
28/11/2002	PV d'Assemblée
28/11/2002	Acte modificatif
26/11/2002	Acte sous seing privé
26/11/2002	Projet de Fusion
26/11/2002	Acte modificatif
24/10/2002	Requête et Ordonnance
24/10/2002	Acte modificatif
04/09/2002	PV d'Assemblée
04/09/2002	Nomination/démission des organes de gestion
04/09/2002	Acte sous seing privé
04/09/2002	Acte modificatif
04/09/2002	Modification du Conseil d'Administration
04/09/2002	Conversion du Capital Social en Euros
04/09/2002	Statuts mis à jour
04/09/2002	Augmentation de Capital
04/09/2002	PV du Conseil d'Administration
02/09/2002	Acte sous seing privé
02/09/2002	Nomination/démission des organes de gestion
02/09/2002	PV d'Assemblée
02/09/2002	Modification du Conseil d'Administration
21/08/2002	Acte modificatif
21/08/2002	Acte sous seing privé
21/08/2002	Nomination/démission des organes de gestion
21/08/2002	PV du Conseil d'Administration
21/08/2002	Modification du Conseil d'Administration
21/08/2002	Changement de Président (PDG, PCA)
12/07/2000	Acte modificatif
12/07/2000	Nomination/démission des organes de gestion
12/07/2000	Acte sous seing privé
12/07/2000	Modification du Conseil d'Administration
12/07/2000	PV du Conseil d'Administration
14/10/1998	Augmentation de Capital
14/10/1998	Acte sous seing privé
14/10/1998	Certificat de dépôt des fonds
14/10/1998	PV d'Assemblée
14/10/1998	PV du Conseil d'Administration
14/10/1998	Statuts mis à jour
14/10/1998	Acte modificatif
04/09/1998	PV du Conseil d'Administration
04/09/1998	Modification du Conseil d'Administration
04/09/1998	Acte modificatif
04/09/1998	Nomination/démission des organes de gestion
11/02/1998	Statuts mis à jour
11/02/1998	Augmentation de Capital
11/02/1998	Acte sous seing privé
11/02/1998	PV d'Assemblée
24/10/1997	Statuts mis à jour
24/10/1997	PV d'Assemblée
24/10/1997	Fusion
24/10/1997	Acte sous seing privé
03/10/1997	Acte modificatif
03/10/1997	Statuts mis à jour
03/10/1997	PV d'Assemblée
03/10/1997	Acte sous seing privé
16/09/1997	PV d'Assemblée
16/09/1997	Nomination/démission des organes de gestion
16/09/1997	Modification du Conseil d'Administration
16/09/1997	Acte sous seing privé
22/08/1997	Rapport des Commissaires ou du Gérant
30/06/1997	Acte sous seing privé
30/06/1997	Acte modificatif
30/06/1997	Projet de Fusion
10/06/1997	Requête et Ordonnance
10/06/1997	Acte modificatif
10/06/1997	Acte sous seing privé
12/05/1997	Acte modificatif
12/05/1997	Nomination/démission des organes de gestion
12/05/1997	Modification du Conseil d'Administration
12/05/1997	Statuts mis à jour
12/05/1997	Acte sous seing privé
12/05/1997	PV du Conseil d'Administration
12/05/1997	Augmentation de Capital
12/05/1997	PV d'Assemblée
01/01/1997	Acte sous seing privé
01/01/1997	Rapport des Commissaires ou du Gérant
07/02/1996	PV d'Assemblée
07/02/1996	Statuts mis à jour
07/02/1996	Acte modificatif
07/02/1996	Rapport des Commissaires ou du Gérant
06/02/1996	PV d'Assemblée
06/02/1996	Augmentation de Capital
06/02/1996	Statuts mis à jour
14/11/1994	PV du Conseil d'Administration
14/11/1994	PV d'Assemblée
14/11/1994	Augmentation de Capital
14/11/1994	Statuts mis à jour
14/11/1994	Acte modificatif
09/03/1993	Requête et Ordonnance
09/03/1993	Acte modificatif
09/09/1992	Acte modificatif
09/09/1992	Modification du Conseil d'Administration
09/09/1992	Nomination/démission des organes de gestion
09/09/1992	PV d'Assemblée

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.80
UK Pound	1	Rs.100.06
Euro	1	Rs.78.46

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.