MIRA INFORM REPORT

 

 

Report No. :

355038

Report Date :

21.12.2015

 

IDENTIFICATION DETAILS

 

Name :

YKK FRANCE

 

 

Registered Office :

1 B Rue Collang, 92300 Levallois Perret

 

 

Country :

France

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

December 1967

 

 

Com. Reg. No.:

672 049 178

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Other manufacturing n.e.c.

 

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employee :

100 to 199

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

60,000 Euro

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Clear

 

 

NOTES :

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

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 more than 84 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 increased by 0.4% in 2014. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.4% in the fourth quarter of 2014. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 24.3% in the fourth quarter of 2014. 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% of GDP in 2014, while France's public debt rose from 68% of GDP to more than 95% in 2014, and may hit 100% by 2016. Elected on a conventionally leftist platform, President Francois HOLLANDE surprised and angered many supporters with a January 2014 speech announcing a sharp change in his economic policy, recasting himself as a liberalizing reformer. The government's budget for 2014 shifted the balance of fiscal consolidation from taxes to a total of $24 billion in spending cuts. In December 2014, HOLLANDE announced additional reforms, including a plan to extend commercial business hours, liberalize professional services, and sell off $6.2-12.4 billion in state owned assets. France’s tax burden remains well above the EU average and income tax cuts over the past decade are being partly reversed, particularly for higher earners. The top rate of income tax is 41%. The government is allowing a 75% payroll tax on salaries over $1.24 million to lapse.

 

Source : CIA

Company name

 

YKK FRANCE

 

The latest account data is more than 5 years old, this has an impact on the rating. 

 

 

Identification details

 

SIRET

672 049 178 00219

Name

YKK FRANCE

Acronym

-

Trade name

-

Status

Economically active

Postal Address

YKK FRANCE
1 B RUE COLLANGE
92300 LEVALLOIS PERRET

Share Capital

4,575,000 Euros

Telephone

03 20 90 71 44

Activity (APE)

Other manufacturing n.e.c.(3299Z)

RCS Registration

RCS Nanterre B 672 049 178

Formation Date

01/1967

EUR VAT Number

FR24672049178

Deregistration Date

-

Last account Date

31/12/2006

Court Registry Number

20 0 4B04183

Incorporiation Date

12/1967

Registration Court

Nanterre (92)

Fax

01 40 89 62 22

Nationality

France

Credit Limit

60,000 Euro

Legal form

Limited Liability Company

Currency

Euros

 

 

Key Financials

 

YEAR TO DATE

TURNOVER

GROSS OPERATING SURPLUS

SHAREHOLDER'S EQUITY

NET RESULT

EMPLOYEES

31/12/2006

27,091,662 €

0.17% Turnover

5,247,219 €

-1,539,159 €

198 employees

31/12/2005

28,869,154 €

-3.96% Turnover

6,786,378 €

-4,069,098 €

206 employees

31/12/2004

35,213,345 €

3.89% Turnover

10,855,279 €

-2,597,690 €

258 employees

 

 

Directors

 

Current Directors

2

 

 

Judgment and Preferential

 

Judgment

No judgement

Preferential Right

No social security and tax office preferential right to date

 

 

Establishment Details

 

Type of Establishment

Head Office

Production Role

-

APE/NAF Code

4642Z

Activity

Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Formation Date

07/2007

Reason for Formation

Formation

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

-

Trading Address

1 B RUE COLLANGE 
92300 LEVALLOIS PERRET

Department

Hauts-de-Seine (92)

Location Surface

-

District

2

City

LEVALLOIS PERRET

Status

Economically active

Business Pages FT®

MERCERIE (FABRICATION, GROS)

Region

Ile-de-France

Area

95

Size of Urban Area

Paris conglomeration

 

 

Other Establishment(s)

 

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

Branches

4 branch entities in this company

 

Company Name

Company Type

APE/NAF Code

Activity

City

Post Code

YKK FRANCE

Head Office

3299Z

Autres activités manufacturières n.c.a.

LEVALLOIS PERRET

92300

YKK FRANCE

Branch

3299Z

Autres activités manufacturières n.c.a.

CHOLET

49300

YKK FRANCE

Branch

3299Z

Autres activités manufacturières n.c.a.

LEVALLOIS PERRET

92300

YKK FRANCE

Branch

3299Z

Autres activités manufacturières n.c.a.

STAINS

93240

YKK FRANCE

Branch

3299Z

Autres activités manufacturières n.c.a.

SECLIN

59113

 

 

Workforces

 

Workforce at address

6 to 9 employees

Company workforce

100 to 199 employees

 

 

Commentary

 

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

 

The latest account data is more than 5 years old, this has an impact on the rating. Your latest financial statements if you want the risk score to be recalculated

The increase in the gearing percentage over the last two accounting periods is 46 %

The return on total assets employed is -8

The stock to turnover ratio is 16.64

The sales to current assets ratio is 1.87

The pre-tax profit is -1,481,159 €

High risk workforce size

The ratio total assets to total liabilities is 1.39

The net turnover is 27,091,662 €

The net current assets are 14,464,349 €

The liabilities are 12,188,376 €

The total assets are 18,587,285 €

The company has 2 director(s)

Department code with low risk rating

Industry code with low risk rating

The risk provisions are 1,137,172 €

The creditor days are 19.68

The shareholder's equity is 5,247,219 €

 

 

Industry comparison

 

Activity (APE)

Other manufacturing n.e.c.(3299Z)

Industry average credit rating

45

Industry average credit limit

3,880

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

Summary of preferential rights

 

Company monitored since

10/11/2008

Status of Monitoring

No social security and tax office preferential right to date

 

 

Group Data

 

No group information available for the company

 

 

Shareholders

 

No Shareholders available for this company

 

 

Linkages

 

No Linkages information available for the company.

 

 

Director(s)

 

Name

M. SCOTTI JEAN MARC

Manager position

Manager

Date of birth

28/10/1962

Place of birth

CLICHY

Type

Individual

Name at birth

Name

M. IGARASHI NOBUO

Manager position

Manager

Date of birth

25/03/1954

Place of birth

TOYAMA(JAPON)

Type

Individual

Name at birth

 

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

Manager

M. KAWAKAMI MASARU

-

Manager

M. SCOTTI JEAN

-

Manager

M. SCOTTI JEAN MARC

28/10/1962 - CLICHY

Manager

M. SCOTTI JEAN

28/10/1962 - CLICHY

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

27/06/2012

Bodacc B

Modification et mutation diverse

92 - HAUTS-DE-SEINE

GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE

4722 - 672 049 178 RCS Nanterre. YKK FRANCE. Forme : Société à responsabilité limitée. Administration : Commissaire aux comptes suppléant : VALIN Robert Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT Gérant : SCOTTI Jean Marc en fonction le 20 Mars 2009 Gérant : IGARASHI Nobuo en fonction le 18 Juin 2012. Activité : 
Commentaires : Modification de représentant.

27/01/2011

JAL

Proposed merger

Journal spécial des sociétés (Le)


Date de décision : 20/12/2010
Absorbant : 672049178 - YKK FRANCE, 1 B RUE COLLANGE, 92300 LEVALLOIS PERRET
Absorbé : 407900539 - MADAME SUZANNE KOHL, 45 RUE DES PAVILLONS, 44100 NANTES

07/01/2011

Bodacc A

Vente et cession : Acheteur

92 - HAUTS-DE-SEINE

GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE

958 - 672 049 178 RCS Nanterre. YKK FRANCE. Forme : Société à responsabilité limitée. Capital : 4575000 EUR. Adresse : 1b rue Collange, 92300 Levallois-Perret. 
Origine du fonds : Avis de projet de fusion transfrontalière. Etablissement : Etablissement principal. Adresse : 1bis rue Collange, 92300 Levallois Perret. 
Date de commencement de l’activité : 31/03/2011. Publication légale : Le Journal Spécial des Sociétés Françaises par Action du 28/12/2010. Oppositions : D'un point de vue comptable et fiscal, la Société Absorbante prendra en charge tous les actifs et passifs de la Société Absorbée à partir de la Date de Réalisation. DEPOT AU GREFFE DU TRAITE DE FUSION Le projet de fusion a été déposé au Greffe du Tribunal de commerce de NANTERRE le 28 décembre 2010 pour la société YKK FRANCE et le 28 décembre 2010 au Greffe du Tribunal de Commerce de Gand pour la société YKK BELGIUM et est disponible au siège social de chacune des sociétés participant à la fusion, indiqué en en-tête des présentes. Conformément aux dispositions des articles L. 236-14 et R. 236-. Descriptif :YKK FRANCE SARL Soci¿t¿ ¿ responsabilit¿ limit¿e fran¿aise au capital de 4.575.000 euros Si¿ge social bis rue Collange 92300 Levallois Perret, France 672 049 178 RCS de Nanterre et YKK BELGIUM SA Soci¿t¿ anonyme belge (¿ naamloze vennootschap ¿) au capital de 991.574, 10 euros Si¿ge social : 11 Begoniastraat 9810 Nazareth, Belgique immatricul¿e aupr¿s de la banque Carrefour des Entreprises sous le num¿ro 0407.900.539. Aux termes d'un acte sous seing priv¿ en date du 20 d¿cembre 2010, les dirigeants des soci¿t¿s sus-d¿nomm¿es ont d¿cid¿ de soumettre un projet de fusion transfrontali¿re par voie d'absorption de la soci¿t¿ YKK BELGIUM (Soci¿t¿ Absorb¿e) par la soci¿t¿ YKK FRANCE (Soci¿t¿ Absorbante) aux dispositions pr¿vues par la Directive 2005/56/CE du Parlement europ¿en et du Conseil du 26 octobre 2005 transpos¿e en droit fran¿ais aux articles L. 236-25 et suivants et R. 236-13 et suivants du Code de commerce fran¿ais et en droit belge aux articles 772/1 et suivants du Code des Soci¿t¿s (loi belge du 8 juin 2008 portant des dispositions diverses, article 77). Aux termes de cet acte, la soci¿t¿ YKK BELGIUM apporte la totalit¿ de son patrimoine ¿ la soci¿t¿ YKK FRANCE. MODALITES DE LA FUSION Par l'effet de la fusion, la soci¿t¿ YKK BELGIUM apportera la totalit¿ de son patrimoine actif et passif ¿ la soci¿t¿ YKK FRANCE tel qu'il existera ¿ la date de r¿alisation de la fusion. Sur la base des comptes au 31 mars 2010 et des comptes interm¿diaires au 31 octobre 2010 utilis¿s pour ¿tablir les conditions de la fusion :l'actif apport¿ est ¿valu¿ ¿ 3.960.343 euros. Le passif pris en charge est ¿valu¿ ¿ 1.009.623 euros. L'actif net apport¿ est ¿valu¿ ¿ 2.950.720 euros. RAPPORT D'ECHANGE DES DROITS SOCIAUX ET AUGMENTATION DE CAPITAL La Soci¿t¿ Absorbante d¿tenant l'int¿gralit¿ des titres ¿mis par la Soci¿t¿ Absorb¿e, d¿s avant le d¿p¿t du trait¿ de fusion, la fusion est soumise au r¿gime simplifi¿ et il ne sera donc proc¿d¿ ¿ aucun ¿change de droits sociaux et, en cons¿quence, ¿ aucune augmentation de capital de la Soci¿t¿ Absorbante. La fusion projet¿e est subordonn¿e ¿ la r¿alisation des conditions suivantes :L'approbation de la fusion transfrontali¿re par d¿cisions de l'associ¿ unique de la Soci¿t¿ Absorbante. L'approbation de la fusion transfrontali¿re par d¿cisions de l'associ¿ unique de la Soci¿t¿ Absorb¿e. La d¿livrance par le greffe du tribunal de commerce de Nanterre du certificat de l¿galit¿ au plus tard le dernier jour de l'exercice social en cours, soit le 31 mars 2011. Si les conditions qui pr¿c¿dent ne sont pas remplies au 31 mars 2011, le projet commun de fusion transfrontali¿re sera nul et non avenu et aucune compensation ou indemnit¿ ne sera exigible de la part des Soci¿t¿s. PRIME DE FUSION N¿ant. DATE DE REALISATION DE LA FUSION La date de r¿alisation d¿finitive de la fusion a ¿t¿ fix¿e au 31 mars 2011, ¿ 23 heures et 59 minutes (heure de Paris), soit le dernier jour du mois d'¿mission du certificat de l¿galit¿ (la ¿ Date de R¿alisation ¿). Commentaires : Autre achat, apport, attribution.

29/03/2009

Bodacc B

Modification et mutation diverse

92 - HAUTS-DE-SEINE

GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE

995 - 672 049 178 RCS Nanterre. YKK FRANCE. Forme : Société à responsabilité limitée. Administration : Commissaire aux comptes suppléant : VALIN Robert. Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT. Gérant : SCOTTI Jean Marc en fonction le 20 Mars 2009. 
Commentaires : Modification de représentant.

30/12/2007

Bodacc B

Modification et mutation diverse

92 - HAUTS-DE-SEINE

GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE

1601 - 672 049 178 RCS Nanterre. YKK FRANCE. Forme : Société à responsabilité limitée. Adresse de l’établissement principal : 1 B rue Collange, 92300 Levallois Perret. 
Adresse du siège social : 1b rue Collange, 92300 Levallois-Perret. 
Commentaires : Modification de l'adresse du siège. Modification de l'adresse de l'établissement.

02/08/2007

Bodacc C

Avis de dépôt des comptes

5978 - 672 049 178. RCS Nanterre YKK FRANCE. Forme: Société à responsabilité limitée. Adresse du siège social: 122 Rue Édouard Vaillant 92300 Levallois Perret. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

25/09/2006

Bodacc C

Avis de dépôt des comptes

4543 - RCS Nanterre B 672 049 178. RC 04-B 4183. YKK FRANCE. Forme: S.A.R.L.. Adresse du siège social: 122, rue Edouard Vaillant,92300 Levallois-Perret. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

15/08/2006

Bodacc B

Modifications et mutations diverses

3799 - RCS Nanterre B 672 049 178. RC 04-B 4183. YKK FRANCE. Forme : S.A.R.L. Commentaires : modification survenue sur l'administration. Administration : gérant partant : NOMURA (Kiyomune). Nomination d'un gérant : KAWAKAMI (Masaru).

22/11/2005

Bodacc C

Avis de dépôt des comptes

4971 - RCS Nanterre B 672 049 178. RC 04-B 4183. YKK FRANCE. Forme: S.A.R.L.. Adresse du siège social: 122, rue Edouard Vaillant,92300 Levallois-Perret. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

11/05/2005

Bodacc B

Modifications et mutations diverses

3936 - RCS Nanterre B 672 049 178. RC 04-B 4183. YKK FRANCE. Forme : S.A.R.L. Commentaires : modification survenue sur l'administration. Administration : gérant partant : SAKAI (Yuichi). Nomination d'un gérant : NOMURA (Kiyomune).

10/08/2004

Bodacc B

Modifications et mutations diverses

RCS Nanterre B 672049178 RC 04-B 4183 Y. K.K. FRANCE. Forme : S.A.R.L. Capital : 4 575 000 euros. Activité : tant en France qu'à l'étranger, import-export, vente en France de tous produits manufacturés textiles en matière synthétique ou en métal tels que fermetures à glissière, fils, rubans machine de précision et matériaux de construction en métal. Fabrication en vue de la vente, tant en France qu'à l'étranger, des memes produits. Obtention par concession, par acquisition ou autrement de tous droits de propriété industrielle ou commerciale. Acquisition, prise à bail, édification de tous locaux d'exploitation industrielle et commerciale. Généralement, toutes opérations financières, commerciales, industrielles, mobilières ou immobilières se rattachant, directement ou indirectement, à l'objet ci-dessus, à tous objets similaires, connexes ou susceptibles d'en faciliter l' application et le développement ou de le rendre plus rémunérateur, le tout tant pour la société elle-meme que pour le compte de tiers ou en participation sous quelque forme que ce soit. Notamment, par voie de création de sociétés, de souscription, de commandite, de fusion, d'absorption, d' avances, d'achat, de vente de titres et de droits mobiliers ou immobiliers ou par tout autre mode. Adresse du siège social : 122 rue Edouard-Vaillant, 92300 Levallois-Perret. Administration : gérant SAKAI (Yuichi). Commissaire aux comptes suppléant : VALIN (Robert). Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT. Commentaires : cette société transfère son siège du 64 avenue Gaston- Monmousseau, 93240 Stains. Date d'effet : 16 juin 2004.

09/12/2003

Bodacc B

Modifications et mutations diverses

RCS Bobigny B 672049178 RC 97-B 231 Y.K. K. FRANCE. Forme : S.A.R.L Nom commercial: Y.K.K. France. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes titulaire partant : BEFEC-PRICE WATERHOUSE. Commissaire aux comptes suppléant partant : AUBRY (Xavier). Nomination d' un commissaire aux comptes suppléant : VALIN (Robert). Nomination d'un commissaire aux comptes titulaire : ERNST & YOUNG AUDIT.

03/10/2002

Bodacc B

Modifications et mutations diverses

RCS Bobigny B 672049178 RC 97-B 231 Y.K. K. FRANCE. Forme : S.A.R.L Nom commercial: Y.K.K. France. Commentaires : modification survenue sur l' administration. Administration : gérant partant : IGARASHI (Nobuo). Nomination d'un gérant : SAKAI (Yuichi).

21/04/2002

Bodacc B

Modifications et mutations diverses

RCS Bobigny B 672049178 RC 97-B 231 Y.K. K. FRANCE. Forme : S.A.R.L. Capital : 4 575 000 euros Nom commercial: Y.K.K. France. Commentaires : modification survenue sur le capital (augmentation) et le nom commercial.

26/02/1999

Bodacc B

Modifications et mutations diverses

RCS *. RCS Bobigny B 672 049 178 RC RC 97-B 231 Y.K.K. FRANCE. Forme : S.A.R.L. Administration : modification : gérant : IGARASHI (Nobuo). Suppression : commissaire aux comptes titulaire : PUEL (Jean, Marie). Suppression : commissaire aux comptes suppléant : GUIGON (Roland). Commentaires : modification survenue sur l' administration.

14/08/1998

Bodacc B

Modifications et mutations diverses

RCS *. RCS Bobigny B 672 049 178 RC RC 97-B 231 Y.K.K. FRANCE. Forme : S.A.R.L. Administration : modification : commissaire aux comptes titulaire : BEFEC PRICE WATERHOUSE. Commentaires : modification survenue sur l' administration.

09/03/1997

Bodacc B

Modifications et mutations diverses

RCS Bobigny B 672 049 178 RC 97-B 00231 Y.K.K. FRANCE. Forme : S.A.R.L. Capital : 3 000 000 de F. Activité : tant en France qu'à l'étranger, import-export, vente de tous produits manufacturés en textiles, en matière synthétique et en métal tel que fermetures à glissières, fils, rubans, machines de précision, matériaux de construction en métal. Fabrication en vue de la vente, en France et à l'étranger, des memes produits. Obtention par concession, par acquisition ou autrement de tous droits de propriété industrielle ou commerciale. Acquisition, prise à bail, édification de tous locaux d' exploitation industrielle et commerciale. Généralement toutes opérations financières, commerciales, industrielles, mobilières ou immobilières se rattachant, directement ou indirectement, à l'objet ci-dessus, à tous objets similaires, connexes ou susceptibles d'en faciliter l' application et le développement ou de le rendre plus rémunérateur, le tout tant pour elle meme que pour le compte de tiers ou en participation sous quelque forme que ce soit, notamment par voie de création de sociétés, de souscription, de commandite, de fusion ou d'absorption, d'avances, d'achat ou de vente de titres et de droits mobiliers ou immobiliers ou par tout autre mode. Adresse du siège social : 64 avenue Gaston-Monmousseau 93240 Stains. Administration : gérant : IGARASHI ( Nobuo). Commissaires aux comptes titulaires : PUEL (Jean-Marie) BEFEC MULQUIN ET ASSOCIES. Commissaires aux comptes suppléants : AUBRY (Xavier) GUIGON (Roland). Commentaires : cette société transfère son siège du 14 place Jacques-Bonsergent, 75010 Paris. Date d'effet : 1er janvier 1997.

11/03/1995

Bodacc B

Modifications et mutations diverses

RCS Paris B 672 049 178 RC 67-B 4917 Y. K.K. FRANCE. Forme : S.A.R.L. Administration : gérant : IGARASHI ( Nobuo). Commissaires aux comptes titulaires : PUEL (Jean, Marie) BEFEC MULQUIN ET ASSOCIES. Commissaires aux comptes suppléants : AUBRY (Xavier) GUIGON (Roland). Commentaires : modification survenue sur l' administration.

 

 

Company events history

 

Date

Description

27/06/2012

Bodacc B: Various editing or changing

18/06/2012

Minutes of general meeting of shareholders

18/06/2012

Appointment/resignation of company officers

31/12/2011

Update of Company Activity

31/12/2011

Modification of Company Activity

24/03/2011

Declaration of conformity

24/03/2011

Merger

24/03/2011

Updated articles of association

24/03/2011

Amendment

25/02/2011

Declaration of conformity

25/02/2011

Amendment

25/02/2011

Minutes of general meeting of shareholders

28/01/2011

Legal Gazette: Proposed merger

07/01/2011

Bodacc A : Sale and transfer

28/12/2010

Planned merger

12/02/2010

New closing date

12/02/2010

Amendment

12/02/2010

Updated articles of association

29/03/2009

Bodacc B: Various editing or changing

20/03/2009

Private document

20/03/2009

New manager

20/03/2009

Minutes of general meeting of shareholders

20/03/2009

Appointment/resignation of company officers

20/03/2009

Appointment/resignation of company officers

20/03/2009

Minutes of general meeting of shareholders

31/12/2008

Update of Company Activity

31/12/2008

Modification of Company Activity

10/11/2008

Collection of preferential rights activated for this company

30/12/2007

Bodacc B: Various editing or changing

30/12/2007

New Bodacc B ads detected

30/11/2007

Minutes of general meeting of shareholders

30/11/2007

Private document

30/11/2007

Registered office transferred inside jurisdiction of the Commercial Court

30/11/2007

Registered office transferred inside jurisdiction of the Commercial Court

30/11/2007

Updated articles of association

30/11/2007

Updated articles of association

30/11/2007

Amendment

16/07/2007

Transfer of Establishment

16/07/2007

Update of Company Head Office Identifier

31/12/2006

New accounts available

19/07/2006

Minutes of general meeting of shareholders

19/07/2006

Appointment/resignation of company officers

19/07/2006

Appointment/resignation of company officers

19/07/2006

Minutes of general meeting of shareholders

19/07/2006

New manager

19/07/2006

Private document

19/07/2006

New manager

31/12/2005

New accounts available

05/04/2005

Private document

05/04/2005

Minutes of general meeting of shareholders

05/04/2005

Appointment/resignation of company officers

05/04/2005

New manager

31/12/2004

New accounts available

23/07/2004

Amendment

23/07/2004

Minutes of general meeting of shareholders

23/07/2004

Private document

23/07/2004

Registered office transferred inside jurisdiction of the Commercial Court

23/07/2004

Registered office transferred outside jurisdiction of the Commercial Court

23/07/2004

Updated articles of association

23/07/2004

Registration after transfer

31/12/2003

New accounts available

27/11/2003

Amendment

27/11/2003

Appointment/resignation of company officers

27/11/2003

Minutes of general meeting of shareholders

27/11/2003

New auditor

27/11/2003

Private document

20/09/2002

Amendment

20/09/2002

Appointment/resignation of company officers

20/09/2002

Minutes of general meeting of shareholders

20/09/2002

New manager

20/09/2002

Private document

09/04/2002

Conversion of equity to euro

09/04/2002

Capital increase

09/04/2002

Minutes of general meeting of shareholders

09/04/2002

Updated articles of association

09/04/2002

Private document

12/02/1999

Private document

12/02/1999

Appointment/resignation of company officers

12/02/1999

Minutes of general meeting of shareholders

12/02/1999

New auditor

29/07/1998

Minutes of general meeting of shareholders

29/07/1998

Private document

29/07/1998

Amendment

17/01/1997

Registration after transfer

17/01/1997

Registered office transferred outside jurisdiction of the Commercial Court

17/01/1997

Private document

17/01/1997

Articles of association

17/01/1997

Updated articles of association

23/02/1995

Amendment

23/02/1995

Appointment/resignation of company officers

23/02/1995

Minutes of general meeting of shareholders

23/02/1995

New manager

23/02/1995

Updated articles of association

07/12/1994

New company name

07/12/1994

Minutes of general meeting of shareholders

07/12/1994

Amendment

07/12/1994

Updated articles of association

15/06/1994

Amendment

15/06/1994

Minutes of general meeting of shareholders

 

 

Synthesized Accounts

 

Annual Accounts

 

31/12/2006

31/12/2005

31/12/2004

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

-

-

-

Activity Code

3299Z

3299Z

3299Z

Employees

198

206

258

 

Active account

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

4,122,936

-3.3 %

4,265,432

-19.0 %

5,266,450

23,467

17469.1 %

 Intangible assets

17,066

7.2 %

15,915

-62.4 %

42,326

260

6463.8 %

 Tangible assets

3,761,379

-3.8 %

3,911,726

-19.9 %

4,882,239

8,861

42348.7 %

 Financial assets

344,491

2.0 %

337,791

-1.2 %

341,884

611

56281.5 %

Net current assets

14,464,349

-2.0 %

14,764,313

-30.1 %

21,127,534

114,868

12492.1 %

 Stocks

4,508,300

-25.1 %

6,022,936

-13.3 %

6,948,368

26,462

16936.9 %

 Advanced payments

119,324

0%

0

0%

0

0

0%

 Receivables

9,548,771

9.2 %

8,740,815

-26.4 %

11,872,057

40,684

23370.6 %

 Securities and cash

287,954

51046.4 %

563

-100.0 %

2,307,111

12,341

2233.3 %

 Prepaid expenses

-

-

-

-

-

370

-

Accounts of regularization

0

0%

1,126

0%

0

0

0%

Total Assets

18,587,285

-2.3 %

19,030,871

-27.9 %

26,393,984

154,441

11935.2 %

 

Passive Account

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Shareholders' equity

5,247,219

-22.7 %

6,786,378

-37.5 %

10,855,279

38,183

13642.3 %

Share capital

4,575,000

0%

4,575,000

0%

4,575,000

10,671

42773.2 %

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

1,137,172

-39.7 %

1,886,219

63.6 %

1,152,937

0

0%

Liabilities

12,188,376

17.7 %

10,358,274

-27.3 %

14,257,412

100,506

12027.0 %

 Financial liabilities

8,197,394

28.8 %

6,364,824

1.3 %

6,282,257

23,601

34633.2 %

 Advanced payments received

18,379

0%

0

0%

0

0

0%

 Trade account payables

1,460,707

47.3 %

991,598

-76.4 %

4,200,009

22,680

6340.5 %

 Tax and social liabilities

1,275,235

-40.7 %

2,148,784

-26.5 %

2,921,553

40,353

3060.2 %

 Other debts and fixed assets liabilities

1,251,178

46.7 %

853,068

-13.1 %

981,948

7,203

17270.2 %

Account regularization

0

0%

0

0%

0

0

0%

Total liabilities

18,587,285

-2.3 %

19,030,871

-27.9 %

26,393,983

154,442

11935.1 %

 

Results

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Sales of Goods

27,514,271

-5.1 %

29,003,104

-20.9 %

36,643,869

225,544

12099.1 %

Net turnover

27,091,662

-6.2 %

28,869,154

-18.0 %

35,213,345

220,728

12173.8 %

 of which net export turnover

6,216,493

-23.6 %

8,135,676

-20.8 %

10,267,842

0

0%

Operating charges

27,859,773

-13.4 %

32,172,104

-16.8 %

38,645,437

223,704

12353.9 %

Operating profit/loss

-345,502

89.1 %

-3,169,000

-58.3 %

-2,001,569

3,729

-9365.3 %

Financial income

60,864

-55.8 %

137,654

-44.1 %

246,136

4

1521500.0 %

Financial charges

335,390

-28.9 %

471,812

14.7 %

411,521

1,311

25482.8 %

Financial profit/loss

-274,526

17.8 %

-334,158

-102.0 %

-165,385

-656

-41748.5 %

Pretax net operating income

-620,028

82.3 %

-3,503,158

-61.7 %

-2,166,954

1,975

-31493.8 %

Extraordinary income

1,585,445

-39.4 %

2,616,218

22.4 %

2,137,117

125

1268256.0 %

Extraordinary charges

2,446,576

-22.7 %

3,163,408

40.4 %

2,253,721

135

1812178.5 %

Extraordinary profit/loss

-861,131

-57.4 %

-547,191

-369.3 %

-116,603

0

0%

Net result

-1,539,159

62.2 %

-4,069,098

-56.6 %

-2,597,690

1,939

-79479.0 %

 

 

Accounts – Active

 

Normal Account

 

31/12/2006

31/12/2005

31/12/2004

Months

12

12

12

 

Grand Total - Active Accounts (I to VI)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Grand Total (I to VI)

Net

18,587,285

-2.3 %

19,030,871

-27.9 %

26,393,984

Gross

CO

45,442,450

-4.0 %

47,316,369

-14.7 %

55,497,003

Amortisation

1A

26,855,165

-5.1 %

28,285,498

-2.8 %

29,103,019

 

Non declared distributed capital (I)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

-

-

-

-

-

 

Active fixed asset (II)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total Active fixed asset (II)

Net

4,122,936

-3.3 %

4,265,432

-19.0 %

5,266,450

Gross

BJ

29,831,562

-0.1 %

29,870,254

-5.4 %

31,577,169

Amortisation

BK

25,708,626

0.4 %

25,604,821

-2.7 %

26,310,719

 

Intangible fixed assets

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Start-up cost

Net

0

0%

8,597

-40.0 %

14,322

Gross

AB

0

0%

8,597

-40.0 %

14,322

Amortisation

AC

0

0%

0

0%

0

R&D expenses

Net

0

0%

0

0%

0

Gross

CX

0

0%

0

0%

0

Amortisation

CQ

0

0%

0

0%

0

Distributorships, patents

Net

0

0%

0

0%

0

Gross

AF

0

0%

0

0%

0

Amortisation

AG

0

0%

0

0%

0

Goodwill

Net

4,817

0%

4,817

0%

4,817

Gross

AH

4,817

0%

4,817

0%

4,817

Amortisation

AI

0

0%

0

0%

0

Other intangible fixed assets

Net

12,249

389.8 %

2,501

-89.2 %

23,187

Gross

AJ

603,551

7.8 %

559,724

0.6 %

556,521

Amortisation

AK

591,302

6.1 %

557,223

4.5 %

533,334

Pre-payments and downpayments

Net

0

0%

0

0%

0

Gross

AL

0

0%

0

0%

0

Amortisation

AM

0

0%

0

0%

0

Sub Total Intangible asset

Net

17,066

7.2 %

15,915

-62.4 %

42,326

 

 

Tangilble fixed assets

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Lands

Net

236,453

0%

236,453

-6.5 %

252,827

Gross

AN

236,453

0%

236,453

-6.5 %

252,827

Amortisation

AO

0

0%

0

0%

0

Buildings

Net

1,082,836

-6.3 %

1,155,393

-16.3 %

1,380,499

Gross

AP

7,030,746

0.6 %

6,990,743

-5.2 %

7,378,068

Amortisation

AQ

5,947,910

1.9 %

5,835,350

-2.7 %

5,997,569

Plant

Net

1,845,012

-9.6 %

2,041,319

-20.3 %

2,562,390

Gross

AR

19,294,613

0.1 %

19,283,541

-4.1 %

20,100,999

Amortisation

AS

17,449,601

1.2 %

17,242,222

-1.7 %

17,538,609

Other tangible fixed assets

Net

258,073

-33.6 %

388,770

-35.7 %

604,694

Gross

AT

1,977,886

-16.1 %

2,358,796

-17.1 %

2,845,902

Amortisation

AU

1,719,813

-12.7 %

1,970,026

-12.1 %

2,241,208

Fixed assets in construction

Net

310,058

245.3 %

89,791

9.7 %

81,829

Gross

AV

310,058

245.3 %

89,791

9.7 %

81,829

Amortisation

AW

0

0%

0

0%

0

Advances and payments on account

Net

28,947

0%

0

0%

0

Gross

AX

28,947

0%

0

0%

0

Amortisation

AY

0

0%

0

0%

0

Sub Total Tangible asset

Net

3,761,379

-3.8 %

3,911,726

-19.9 %

4,882,239

 

 

Financial assets

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

248,155

0%

248,155

0%

248,155

Gross

CU

248,155

0%

248,155

0%

248,155

Amortisation

CV

0

0%

0

0%

0

Inter-company receivables

Net

0

0%

0

0%

0

Gross

BB

0

0%

0

0%

0

Amortisation

BC

0

0%

0

0%

0

Other investment securities

Net

0

0%

0

0%

0

Gross

BD

0

0%

0

0%

0

Amortisation

BE

0

0%

0

0%

0

Loans

Net

0

0%

0

0%

0

Gross

BF

0

0%

0

0%

0

Amortisation

BG

0

0%

0

0%

0

Other financial assets

Net

96,336

7.5 %

89,636

-4.4 %

93,729

Gross

BH

96,336

7.5 %

89,636

-4.4 %

93,729

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

344,491

2.0 %

337,791

-1.2 %

341,884

 

Current Assets (III)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total Current Assets

Net

14,464,349

-2.0 %

14,764,313

-30.1 %

21,127,534

Gross

CJ

15,610,888

-10.5 %

17,444,989

-27.1 %

23,919,834

Amortisation

CK

1,146,539

-57.2 %

2,680,677

-4.0 %

2,792,300

 

Stocks

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Raw materials

Net

1,720,183

-17.0 %

2,072,978

1.2 %

2,047,888

Gross

BL

1,812,056

-31.3 %

2,639,185

20.4 %

2,192,456

Amortisation

BM

91,873

-83.8 %

566,207

291.7 %

144,568

Work in progress (goods)

Net

0

0%

0

0%

0

Gross

BN

0

0%

0

0%

0

Amortisation

BO

0

0%

0

0%

0

Work in progress (services)

Net

0

0%

0

0%

0

Gross

BP

0

0%

0

0%

0

Amortisation

BQ

0

0%

0

0%

0

Semi-finished and finished products

Net

2,788,117

-29.4 %

3,949,958

-19.4 %

4,900,480

Gross

BR

3,610,924

-36.6 %

5,691,710

-16.8 %

6,842,941

Amortisation

BS

822,807

-52.8 %

1,741,752

-10.3 %

1,942,461

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

4,508,300

-25.1 %

6,022,936

-13.3 %

6,948,368

 

Advance payments to suppliers

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Advance payments to suppliers

Net

119,324

0%

0

0%

0

Gross

BV

119,324

0%

0

0%

0

Amortisation

BW

0

0%

0

0%

0

 

Debtors

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Trade accounts receivable

Net

8,169,271

23.1 %

6,635,683

-34.8 %

10,170,580

Gross

BX

8,401,130

19.9 %

7,008,400

-35.6 %

10,875,850

Amortisation

BY

231,859

-37.8 %

372,717

-47.2 %

705,270

Other debtors

Net

1,156,856

-43.0 %

2,029,587

25.3 %

1,620,060

Gross

BZ

1,156,856

-43.0 %

2,029,587

25.3 %

1,620,060

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

9,326,127

7.6 %

8,665,270

-26.5 %

11,790,640

 

Divers

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

287,954

51046.4 %

563

-100.0 %

2,307,111

Gross

CF

287,954

51046.4 %

563

-100.0 %

2,307,111

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

287,954

51046.4 %

563

-100.0 %

2,307,111

 

Prepaid expenses

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Prepaid expenses

Net

222,644

194.7 %

75,545

-7.2 %

81,417

Gross

CH

222,644

194.7 %

75,545

-7.2 %

81,417

Amortisation

CI

0

0%

0

0%

0

 

Equalization accounts (IV to VI)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Expenses of loan issue to be spread

CW3

0

0%

0

0%

0

Gross

-

-

-

-

-

Premiums on redemption of bonds

CM3

0

0%

0

0%

0

Gross

-

-

-

-

-

Currency differential gain

CN3

0

0%

1,126

0%

0

Gross

-

-

-

-

-

 

References

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Due within one year

CP

0

0%

0

0%

0

Due after one year

CR

551,858

0%

0

0%

0

 

 

Accounts – Passive

 

Grand Total - Passive Accounts (I to V)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Grand Total (I to V)

EE

18,587,285

-2.3 %

19,030,871

-27.9 %

26,393,983

 

Shareholder Equity (I)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total shareholders' equity (Total I)

DL

5,247,219

-22.7 %

6,786,378

-37.5 %

10,855,279

Equity and shareholders' equity

DA

4,575,000

0%

4,575,000

0%

4,575,000

Issue and merger premiums

DB

0

0%

0

0%

0

Revaluation differentials

DC

0

0%

0

0%

0

Of which equity differential

EK

0

0%

0

0%

0

Legal reserve

DD

457,347

0%

457,347

0%

457,347

Statutory or contractual reserve

DE

0

0%

0

0%

0

Special regulated reserves

DF

11,605

0%

11,605

0%

11,605

Of which special reserve of provisions for current fluctuation

B1

0

0%

0

0%

0

Other reserves

DG

1,524,490

0%

1,524,490

0%

1,524,490

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

217,936

-94.9 %

4,287,035

-37.7 %

6,884,527

Profit or loss for the period

DI

-1,539,159

62.2 %

-4,069,098

-56.6 %

-2,597,690

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

0

0%

0

0%

0

 

Other capital resources (II)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total provisions for risks and charges (Total III)

DR

1,137,172

-39.7 %

1,886,219

63.6 %

1,152,937

Risk provisions

DP

227,278

-56.9 %

527,045

14.0 %

462,215

Reserves for charges

DQ

909,894

-33.1 %

1,359,174

96.8 %

690,722

 

Liabilities (IV)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total Liabilities (Total IV)

EC

12,188,376

17.7 %

10,358,274

-27.3 %

14,257,412

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

8,162,076

29.0 %

6,329,506

1.3 %

6,246,939

Sundry loans and financial liabilities

DV

35,318

0%

35,318

0%

35,318

Of which participating loans

EI

0

0%

0

0%

0

Advance payments received for current orders

DW

18,379

0%

0

0%

0

Trade accounts payables

DX

1,460,707

47.3 %

991,598

-76.4 %

4,200,009

Tax and social security liabilities

DY

1,275,235

-40.7 %

2,148,784

-26.5 %

2,921,553

Fixed asset liabilities

DZ

523,573

198.9 %

175,185

265.0 %

47,990

Other debts

EA

713,088

5.2 %

677,883

-15.9 %

805,602

 

Translation loss (V)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Translation loss (Total V)

ED

14,517

0%

0

0%

128,356

 

Equalization accounts

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Deferred income

EB

0

0%

0

0%

0

 

References

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Of which tax-allowable reserve

EF

11,605

0%

0

0%

0

Deferred income and liabilities

EG

0

0%

0

0%

0

Of which current bank facilities

EH

8,162,076

0%

0

0%

0

 

 

Result account

 

1 - Operating result (I-II)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Operating result (Total I-II)

GG

-345,502

89.1 %

-3,169,000

-58.3 %

-2,001,569

 

2 - Financial result (V-VI)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Financial result (Total V-VI)

GV

-274,526

17.8 %

-334,158

-102.0 %

-165,385

 

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

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Pre-tax net operating income (Total I-II+II-IV+V-VI)

GW

-620,028

82.3 %

-3,503,158

-61.7 %

-2,166,954

 

4 - Extraordinary result (VII-VIII)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Extraordinary result (Total VII-VIII)

HI

-861,131

-57.4 %

-547,191

-369.3 %

-116,603

 

Profit or loss

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Profit or loss

HN

-1,539,159

62.2 %

-4,069,098

-56.6 %

-2,597,690

 

Total Income (I+III+V+VII)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total Income (Total I+III+V+VII)

HL

29,160,580

-8.2 %

31,756,975

-18.6 %

39,027,123

 

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

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

HM

30,699,739

-14.3 %

35,826,074

-13.9 %

41,624,813

 

Operating income (I)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total operating income (Total I)

FR

27,514,271

-5.1 %

29,003,104

-20.9 %

36,643,869

 

Operating income (details)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sale of goods for resale

FC

13,500

0%

0

0%

0

France

FA

13,500

0%

0

0%

0

Export

FB

0

0%

0

0%

0

Sale of goods produced

FF

26,084,934

-8.6 %

28,546,718

-16.1 %

34,043,847

France

FD

20,774,822

0.4 %

20,702,112

-17.0 %

24,945,503

Export

FE

5,310,112

-32.3 %

7,844,606

-13.8 %

9,098,344

Sale of services

FI

993,228

208.0 %

322,436

-72.4 %

1,169,498

France

FG

86,847

176.9 %

31,365

0%

0

Export

FH

906,381

211.4 %

291,071

-75.1 %

1,169,498

Net turnover

FL

27,091,662

-6.2 %

28,869,154

-18.0 %

35,213,345

France

FJ

20,875,169

0.7 %

20,733,477

-16.9 %

24,945,503

Export

FK

6,216,493

-23.6 %

8,135,676

-20.8 %

10,267,842

Stocked production

FM

-1,993,420

-73.2 %

-1,151,231

-56.5 %

-735,411

Self-constructed assets

FN

0

0%

0

0%

0

Operating grants

FO

0

0%

0

0%

0

Release of reserves and provisions

FP

2,349,585

89.5 %

1,239,650

-42.5 %

2,154,988

Other income

FQ

66,444

45.9 %

45,532

315.9 %

10,947

 

Operating charges (II)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total operating charges (Total II)

GF

27,859,773

-13.4 %

32,172,104

-16.8 %

38,645,437

 

Exploitation charges

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Purchase of goods for resale

FS

2,281,907

0%

0

0%

0

Change in stocks of goods for resale

FT

0

0%

0

0%

0

Purchase of raw materials

FU

6,587,978

-42.4 %

11,440,447

-15.6 %

13,556,046

Change in stocks of raw materials

FV

914,495

304.7 %

-446,729

-19.1 %

-375,181

Other external purchases and charges

FW

5,051,016

-10.8 %

5,661,904

-23.4 %

7,392,539

Tax, duty and similar payments

FX

1,009,321

-0.9 %

1,017,983

-19.8 %

1,269,605

Payroll

FY

6,689,831

-19.9 %

8,352,586

2.9 %

8,118,526

Social security costs

FZ

2,517,137

-11.2 %

2,835,832

-9.8 %

3,145,337

 

Depreciation

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Depreciation of fixed assets

GA

1,129,274

-16.5 %

1,352,032

-23.5 %

1,766,210

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

879,138

-15.5 %

1,040,957

-57.5 %

2,449,320

Provisions for risks and charges

GD

0

0%

0

0%

608,611

 

Other charges

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Other charges

GE

799,676

-12.8 %

917,093

28.4 %

714,426

 

Operating charges (III-IV)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total financial income (Total V)

GP

60,864

-55.8 %

137,654

-44.1 %

246,136

Share financial income

GJ

75

-67.4 %

230

79.7 %

128

Other investment income & capitalised receivables

GK

0

0%

0

0%

0

Other interest and similar income

GL

286

-9.5 %

316

-99.7 %

96,501

Released provisions and transferred charges

GM

1,413

-98.7 %

105,508

0%

0

Exchange gains

GN

59,090

87.0 %

31,599

-78.9 %

149,508

Net income from disposal of investment securities

GO

0

0%

0

0%

0

 

Financial charge (VI)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total financial charge (Total VI)

GU

335,390

-28.9 %

471,812

14.7 %

411,521

Financial reserves and provisions

GQ

0

0%

0

0%

0

Interest and similar charges

GR

335,390

-28.9 %

471,812

14.7 %

411,521

Exchange losses

GS

0

0%

0

0%

0

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

 

Extraordinary income (VII)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total extraordinary income (Total VII)

HD

1,585,445

-39.4 %

2,616,218

22.4 %

2,137,117

Extraordinary operating income

HA

62,120

-80.3 %

315,154

70.6 %

184,699

Extraordinary income from capital transactions

HB

187,854

-82.9 %

1,099,591

-33.7 %

1,658,175

Released provisions and transferred charges

HC

1,335,471

11.2 %

1,201,473

308.3 %

294,244

 

Extraordinary charges (VIII)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total extraordinary charges (Total VIII)

HH

2,446,576

-22.7 %

3,163,408

40.4 %

2,253,721

Extraordinary operating charges

HE

1,661,852

300.3 %

415,132

-52.1 %

866,117

Extraordinary charges from capital transactions

HF

92,105

-88.1 %

772,912

-44.3 %

1,387,604

Extraordinary reserves and provisions

HG

692,619

-64.9 %

1,975,365

0%

0

 

Employee profit sharing (IX)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Employee profit sharing (Total IX)

HJ

0

0%

0

0%

34,426

 

Tax on profits (X)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Tax on profits (Total X)

HK

58,000

209.3 %

18,750

-93.3 %

279,707

 

References

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Of which equipment leases

HP

0

0%

0

0%

0

Of which property leases

HQ

0

0%

0

0%

0

Of which transferred charges

A1

0

0%

0

0%

0

Of which trader's own contributions

A2

0

0%

0

0%

0

Of which royalties on licences and patents (income)

A3

0

0%

0

0%

0

Of which royalties on licences and patents (charges)

A4

668,426

0%

0

0%

0

 

 

Other incomes tax return forms

 

Fixed Assets

 

Grand Total Fixed Assets (I to IV)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Gross value at begin of period

OG

29,866,471

-5.4 %

31,577,000

0%

0

Increasess due to revaluation

OH

0

0%

0

0%

0

Decreasess, acquisitions, creations, contributions

OJ

1,082,664

34.3 %

806,000

-45.9 %

1,491,000

Decreasess by budget item transfer

OK1

0

0%

0

0%

0

Decreasess by transfers

OK2

1,117,574

-55.5 %

2,512,000

-42.0 %

4,331,000

Gross value at the end of period

OL

29,831,561

-0.1 %

29,871,000

0%

0

 

Research and development Charge (Total I)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

CO1

0

0%

0

0%

0

Decreasess by transfers

CO2

0

0%

0

0%

0

Gross value at the end of period

DO

0

0%

8,000

0%

0

 

Other budget item from Intangible fixed assets (Total II)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Gross value at begin of period

KD

569,357

0%

0

0%

0

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

39,011

0%

0

0%

23,000

Decreasess by budget item transfer

LV1

0

0%

0

0%

0

Decreasess by transfers

LV2

0

0%

0

0%

0

Gross value at the end of period

LW

608,368

7.9 %

564,000

0%

0

 

Tangible fixed assets (Total III)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Gross value at begin of period

LN

28,959,325

-5.5 %

30,660,000

0%

0

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

1,036,952

31.6 %

788,000

-44.4 %

1,417,000

Decreasess by budget item transfer

NG1

0

0%

0

0%

0

Decreasess by transfers

NG2

1,117,574

-55.1 %

2,488,000

0%

0

Gross value at the end of period

NH

28,878,703

-0.3 %

28,960,000

0%

0

 

Financial assets (Total IV)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Gross value at begin of period

LQ

337,789

-1.2 %

342,000

0%

0

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

6,701

-55.3 %

15,000

0%

0

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

0

0%

19,000

0%

0

Gross value at the end of period

NK

344,490

1.9 %

338,000

0%

0

 

 

Reserve for depreciation

 

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

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Reserve for depreciation value at begin of period

ON

25,604,823

-2.7 %

26,311,000

-4.2 %

27,473,000

Increases

OP

1,129,275

-23.9 %

1,484,000

-16.0 %

1,766,000

Decreasess

OQ

1,025,469

-53.2 %

2,190,000

-25.2 %

2,928,000

Reserve for depreciation value at the end of period

OR

25,708,629

0.4 %

25,605,000

-2.7 %

26,311,000

 

Research and development charge (Total I)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Reserve for depreciation value at begin of period

PE

557,223

4.5 %

533,000

0%

0

Increases

PF

34,079

13.6 %

30,000

0%

0

Decreasess

PG

0

0%

6,000

0%

0

Decreasess by budget item transfer

PH

591,302

6.2 %

557,000

4.5 %

533,000

 

Total fixed assets amotisation (Total III)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Reserve for depreciation value at begin of period

QU

25,047,600

-2.8 %

25,778,000

0%

0

Increases

QV

1,095,196

-24.7 %

1,454,000

0%

0

Decreases

QW

1,025,469

-53.0 %

2,184,000

0%

0

Decreasess by budget item transfer

QX

25,117,327

0.3 %

25,048,000

-2.8 %

25,778,000

 

 

Movements during period affecting charge allocated over several period

 

Deferred charges and debt issuance costs

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Net value at begin 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)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Value at begining of period

7C

4,439,491

12.5 %

3,945,000

0%

0

Increases

UB

1,478,754

-49.1 %

2,904,000

0%

0

Decreases

UC

3,634,534

45.7 %

2,495,000

0%

0

Value at the end of period

UD

2,283,711

-47.5 %

4,354,000

0%

0

 

Includes Total allocations

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Operating

UE

885,699

0%

0

0%

0

Financial

UG

0

0%

0

0%

0

Exceptional

UJ

593,055

0%

0

0%

0

 

Includes Total Withdrawal

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Operating

UF

2,292,433

0%

0

0%

0

Financial

UH

1,412

0%

0

0%

0

Exceptional

UK

1,340,689

0%

0

0%

0

 

Total regulated provisions (Total I)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Value at begining of period

3Z

0

0%

0

0%

0

Increases

TS

0

0%

0

0%

0

Decreases

TT

0

0%

0

0%

0

Value at the end of period

TU

0

0%

0

0%

0

 

Total risk and charge provisions (Total II)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Value at begining of period

5Z

1,886,218

63.6 %

1,153,000

0%

0

Increases

TV

593,055

-68.2 %

1,863,000

0%

0

Decreases

TW

1,342,101

-0.1 %

1,343,000

0%

0

Value at the end of period

TX

1,137,172

-32.0 %

1,673,000

0%

0

 

Total Provision for depreciation (Total III)

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Value at begining of period

7B

2,553,273

-8.6 %

2,792,000

34.6 %

2,075,000

Increases

TY

885,699

-14.9 %

1,041,000

-57.5 %

2,449,000

Decreases

TZ

2,292,433

99.0 %

1,152,000

-33.5 %

1,732,000

Value at the end of period

UA

1,146,539

-57.2 %

2,681,000

-4.0 %

2,792,000

 

 

State deadlines claims and debts at the end of period

 

State claims

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Gross value

VT

9,876,967

7.3 %

9,203,166

-27.4 %

12,671,053

1 year at most

VU

9,325,109

2.3 %

9,113,531

-27.5 %

12,577,324

More than one year

VV

551,858

515.7 %

89,635

-4.4 %

93,729

 

State of loans

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Claims related to holdings (gross)

UL

0

0%

0

0%

0

Claims related to shareholdings (1 year at most)

UM

0

0%

0

0%

0

Loans (gross)

UP

0

0%

0

0%

0

Loans (1 year at most)

UR

0

0%

0

0%

0

Other financial assets (gross)

UT

96,336

7.5 %

89,635

0%

0

Other financial assets (1 year at most)

UV

0

0%

0

0%

0

 

Receivables statement of assets

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Customers doubtful or disputed

VA

455,522

14.1 %

399,306

-38.3 %

647,251

Other claims customer

UX

7,945,608

20.2 %

6,609,094

0%

0

Receivables represent Loaned Securities

UU

0

0%

0

0%

0

Provision for depreciation previously established

UQ

0

0%

0

0%

0

Personnel and associated accounts

UY

0

0%

252,193

-48.1 %

485,546

Social Security and other social organizations

UZ

0

0%

52,427

0%

0

Income taxes

VM

511,384

0%

511,384

0%

0

Value added tax

VB

273,327

-1.2 %

276,519

-2.7 %

284,272

Other taxes and payments assimilated

VN

287,968

-46.7 %

539,829

0%

0

State and other public - Miscellaneous

VP

0

0%

0

0%

0

Group and Associates

VC

0

0%

0

0%

0

Accounts receivable (including claims relating to the operation of pension titles)

VR

84,178

-78.8 %

397,234

0%

0

 

Prepaid

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Prepaid

VS

222,644

194.7 %

75,545

0%

0

 

State Debt

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total debt (gross)

VY

12,188,376

17.7 %

10,358,274

-27.3 %

14,257,411

1 year at most

VZ2

12,188,376

202.4 %

4,030,245

-50.7 %

8,182,444

More than 1 year and 5 years at most

VZ3

0

0%

6,328,028

4.2 %

6,074,967

More than 5 years

VZ4

0

0%

0

0%

0

 

Details

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Convertible bonds (gross)

7Y1

0

0%

0

0%

0

1 year at most

7Y2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Y3

0

0%

0

0%

0

Other bonds (gross)

7Z1

0

0%

0

0%

0

1 year at most

7Z2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Z3

0

0%

0

0%

0

Borrowing & debts to 1 year maximum at the origin (gross)

VG1

0

0%

1,477

-99.1 %

171,971

1 year at most

VG2

0

0%

1,477

-99.1 %

171,971

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

8,162,076

29.0 %

6,328,028

4.2 %

6,074,967

1 year at most

VH2

8,162,076

1201.8 %

626,983

-33.2 %

938,777

More than 1 year and 5 years at most

VH3

0

0%

6,328,028

0%

0

Loans and various financial liabilities (gross)

8A1

35,318

0%

35,318

0%

0

1 year at most

8A2

35,318

0%

35,318

0%

35,318

More than 1 year and 5 years at most

8A3

0

0%

0

0%

0

Suppliers and associated accounts (gross)

8B1

1,460,707

47.3 %

991,597

0%

0

1 year at most

8B2

1,460,707

47.3 %

991,597

-76.4 %

4,200,009

More than 1 year and 5 years at most

8B3

0

0%

0

0%

0

Personnel and associated accounts (gross)

8C1

106,861

0%

0

0%

0

1 year at most

8C2

106,861

-83.0 %

626,983

-33.2 %

938,777

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

845,571

-27.6 %

1,167,521

-11.4 %

1,318,308

1 year at most

8D2

845,571

-27.6 %

1,167,521

-11.4 %

1,318,308

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

215,745

34.2 %

160,808

-35.5 %

249,377

1 year at most

VW2

215,745

34.2 %

160,808

-35.5 %

249,377

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

107,059

-44.7 %

193,473

-53.4 %

415,091

1 year at most

VQ2

107,059

-44.7 %

193,473

-53.4 %

415,091

More than 1 year and 5 years at most

VQ3

0

0%

0

0%

0

Assets and liabilities associated accounts (gross)

8J1

523,573

198.9 %

175,184

0%

0

1 year at most

8J2

523,573

198.9 %

175,184

265.0 %

47,990

More than 1 year and 5 years at most

8J3

0

0%

0

0%

0

More than 5 years

8J4

0

0%

0

0%

0

Groups and associates (gross)

VI1

0

0%

0

0%

0

1 year at most

VI2

0

0%

0

0%

0

More than 1 year and 5 years at most

VI3

0

0%

0

0%

0

More than 5 years

V14

0

0%

0

0%

0

Other liabilities (gross)

8K1

731,466

7.9 %

677,883

0%

0

1 year at most

8K2

731,466

7.9 %

677,883

-15.9 %

805,602

More than 1 year and 5 years at most

8K3

0

0%

0

0%

0

Debt representative of borrowed securities (gross)

SZ1

0

0%

0

0%

0

1 year at most

SZ2

0

0%

0

0%

0

More than 1 year and 5 years at most

SZ3

0

0%

0

0%

0

Products in advance (gross)

8L1

0

0%

0

0%

0

1 year at most

8L2

0

0%

0

0%

0

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

 

References

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Loans made during the period

VJ

3,650,000

247.6 %

1,050,000

0%

0

Debt repaid during the period

VK

9,312,000

-6.6 %

9,970,000

0%

0

 

 

Table allocation results and other information

 

Dividends distributed

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Dividends

ZE

0

0%

0

0%

0

 

Commitments

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Subcontracting

YT

307,933

0%

0

0%

0

Rentals, rental charges and condominiums

XQ

477,610

0%

0

0%

0

Staff outside the company

YU

190,690

0%

0

0%

0

Remuneration intermediaries and fees (excluding fees)

SS

232,105

0%

0

0%

0

Fees, commissions and brokerage

YV

0

0%

0

0%

0

Other accounts

ST

3,842,678

0%

0

0%

0

Total Other purchases and external

ZJ

5,051,016

0%

0

0%

0

 

Taxes and Fees

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Business tax

YW

507,061

0%

0

0%

0

Other taxes and payments assimilated

9Z

502,260

0%

0

0%

0

Total taxes and fees

YX

1,009,321

0%

0

0%

0

 

VAT

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Amount VAT collected

YY

4,963,861

0%

0

0%

0

Total VAT on goods and services

YZ

3,154,846

0%

0

0%

0

 

Average number of employees

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Average number of employees

YP

198

-3.9 %

206

-20.2 %

258

 

Groups and Shareholders

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Groups and Shareholders

ZR

-

-

-

-

-

 

 

Ratios

 

Structure and Liquidity

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Fixed Asset Financing

1.08

-20.6 %

1.36

-3.5 %

1.41

1.64

-34.1 %

Global Debt

162 days

25.6 %

129 days

-11.6 %

146 days

144 days

12.5 %

Working Capital Fund overall net

31 days

-76.9 %

134 days

0.8 %

133 days

65 days

-51.9 %

Financial independence

64.01 %

-39.9 %

106.49 %

-38.3 %

172.56 %

100.39 %

-36.2 %

Solvability

28.23 %

-20.8 %

35.66 %

-13.3 %

41.13 %

31.66 %

-10.8 %

Capacity debt futures

64.29 %

-94.0 %

1,079.84 %

10.5 %

977.29 %

861.85 %

-92.5 %

Coverage of current assets by net working capital overall

14.93 %

-75.9 %

62.02 %

13.5 %

54.63 %

39.17 %

-61.9 %

General Liquidity

0.77

-65.9 %

2.26

46.8 %

1.54

0.55

40.0 %

Restricted Liquidity

0.79

-65.0 %

2.26

24.2 %

1.82

0.83

-4.8 %

 

Management or rotation

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Need background in operating working capital

132 days

-0.8 %

133 days

20.9 %

110 days

32 days

312.5 %

Treasury

-105 days

0%

0 days

0%

24 days

2 days

-5350.0 %

Inventory turnover of goods

0 days

-

-

-

-

99 days

0%

Average length of credit granted to customers

94 days

8.0 %

87 days

-21.6 %

111 days

52 days

80.8 %

Average length of credit obtained suppliers

29 days

38.1 %

21 days

-71.2 %

73 days

61 days

-52.5 %

Inventory turnover of raw materials in industrial enterprises

99 days

19.3 %

83 days

43.1 %

58 days

79 days

26.1 %

Inventory turnover of intermediate and finished products in the industrial enterprise

94 days

-6.0 %

100 days

-

-

519 days

-81.9 %

Rotation tangible assets

93.81 %

-5.9 %

99.69 %

-

-

542.51 %

-82.7 %

 

Profitability of the business

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Margin trading

-8.37 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Profitability of the business

0.17 %

104.3 %

-3.96 %

-201.8 %

3.89 %

3.87 %

-95.6 %

Net profit

-5.68 %

59.7 %

-14.09 %

-90.9 %

-7.38 %

1.26 %

-550.8 %

Growth rate of turnover (excluding VAT)

-6.16 %

65.8 %

-18.02 %

-123.9 %

-8.05 %

-0.25 %

-2364.0 %

Rates integration

37.88 %

-1.1 %

38.32 %

-3.0 %

39.49 %

36.07 %

5.0 %

Rate leasing furniture

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Work Factor

89.71 %

-11.3 %

101.14 %

24.8 %

81.01 %

78.81 %

13.8 %

Weight interests

1.24 %

-23.9 %

1.63 %

39.3 %

1.17 %

0.53 %

134.0 %

 

Return on capital

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Cash flow from the overall profitability

-12.73 %

-244.1 %

-3.70 %

-18.2 %

-3.13 %

3.60 %

-453.6 %

Rates of economic profitability

0.00 %

0%

-9.00 %

-212.5 %

8.00 %

12.00 %

0%

Financial profitability

5,247,219.00 %

-22.7 %

6,786,378.00 %

-37.5 %

10,855,279.00 %

9,563.00 %

54770.0 %

Return on investment

-8.95 %

67.3 %

-27.35 %

-114.3 %

-12.76 %

6.88 %

-230.1 %

 

Management intermediate balances

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Turnover

27,091,662

-6.2 %

28,869,154

-18.0 %

35,213,345

220,728

12173.8 %

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Sales of goods

13,500

0%

0

0%

0

-

- Purchase of goods

2,281,907

0%

0

0%

0

-

+/- Stock of goods variation

0

0%

0

0%

0

-

Trading margin

-2,268,407 €

0%

0 €

0%

0 €

0 €

0%

-8.37 % CA

0%

0.00 % CA

0%

0.00 % CA

3.33 % CA

-351.4 %

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Sale of goods produced

27,078,162

-6.2 %

28,869,154

-18.0 %

35,213,345

-

+/- Stocked production

-1,993,420

-73.2 %

-1,151,231

-56.5 %

-735,411

-

+ Self-constructed assets

0

0%

0

0%

0

-

Period production

25,084,742 €

-9.5 %

27,717,923 €

-19.6 %

34,477,934 €

108,801 €

22955.6 %

92.59 % CA

-3.6 %

96.01 % CA

-1.9 %

97.91 % CA

98.19 % CA

-5.7 %

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Trading margin

-2,268,407

0%

0

0%

0

0

0%

+ Period Production

25,084,742

-9.5 %

27,717,923

-19.6 %

34,477,934

108,801

22955.6 %

- Purchase of raw materials

6,587,978

-42.4 %

11,440,447

-15.6 %

13,556,046

-

+/- Change in stocks of raw materiels

914,495

304.7 %

-446,729

-19.1 %

-375,181

-

- Other external purchases and charges

5,051,016

-10.8 %

5,661,904

-23.4 %

7,392,539

-

Added value

10,262,846 €

-7.2 %

11,062,301 €

-20.4 %

13,904,530 €

76,252 €

13359.1 %

37.88 % CA

-1.1 %

38.32 % CA

-3.0 %

39.49 % CA

36.07 % CA

5.0 %

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Added value

10,262,846 €

-7.2 %

11,062,301 €

-20.4 %

13,904,530 €

76,252 €

13359.1 %

+ Operating grants

0

0%

0

0%

0

-

- Tax, duty and similar payments

1,009,321

-0.9 %

1,017,983

-19.8 %

1,269,605

-

- Personal charges

9,206,968

-17.7 %

11,188,418

-0.7 %

11,263,863

-

Gross operating surplus

46,557 €

104.1 %

-1,144,100 €

-183.4 %

1,371,062 €

6,328 €

635.7 %

0.17 % CA

104.3 %

-3.96 % CA

-201.8 %

3.89 % CA

3.87 % CA

-95.6 %

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Gross operating surplus

46,557 €

104.1 %

-1,144,100 €

-183.4 %

1,371,062 €

6,328 €

635.7 %

+ Release of reserves and provisions

2,349,585

89.5 %

1,239,650

-42.5 %

2,154,988

-

+ Other operating income

66,444

45.9 %

45,532

315.9 %

10,947

-

- Depreciation/ Amortisation

2,008,412

-16.1 %

2,392,989

-50.4 %

4,824,141

-

- Other charges

799,676

-12.8 %

917,093

28.4 %

714,426

-

Operating result

-345,502 €

89.1 %

-3,169,000 €

-58.3 %

-2,001,570 €

3,729 €

-9365.3 %

-1.28 % CA

88.3 %

-10.98 % CA

-93.3 %

-5.68 % CA

1.95 % CA

-165.6 %

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Operating result

-345,502 €

89.1 %

-3,169,000 €

-58.3 %

-2,001,570 €

3,729 €

-9365.3 %

+/- Result of joint-venture transferred from/to other partners

0

0%

0

0%

0

-

+ Financial income

60,864

-55.8 %

137,654

-44.1 %

246,136

-

- Financial charges

335,390

-28.9 %

471,812

14.7 %

411,521

-

Pre-tax result

-620,028 €

82.3 %

-3,503,158 €

-61.7 %

-2,166,955 €

1,979 €

-31430.4 %

-2.29 % CA

81.1 %

-12.13 % CA

-97.2 %

-6.15 % CA

1.27 % CA

-280.3 %

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Extraordinary income

1,585,445

-39.4 %

2,616,218

22.4 %

2,137,117

125

1268256.0 %

- Extraordinary charges

2,446,576

-22.7 %

3,163,408

40.4 %

2,253,721

-

Extraordinary result

-861,131 €

-57.4 %

-547,190 €

-369.3 %

-116,604 €

0 €

0%

-3.18 % CA

-67.4 %

-1.90 % CA

-475.8 %

-0.33 % CA

0.00 % CA

0%

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

SECTOR MEDIAN 2006

Pre-tax result

-620,028 €

82.3 %

-3,503,158 €

-61.7 %

-2,166,955 €

1,979 €

-31430.4 %

Extraordinary result

-861,131 €

-57.4 %

-547,190 €

-369.3 %

-116,604 €

0 €

0%

- Employee profit sharing

0

0%

0

0%

34,426

-

- Tax on profits

58,000

209.3 %

18,750

-93.3 %

279,707

-

Net result

-1,539,159 €

62.2 %

-4,069,098 €

-56.6 %

-2,597,692 €

1,939 €

-79479.0 %

-5.68 % CA

59.7 %

-14.09 % CA

-90.9 %

-7.38 % CA

1.30 % CA

-536.9 %

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.42

UK Pound

1

Rs.99.17

Euro

1

Rs.72.14

EUR

1

Rs. 72.14

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

ASH

 


 

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.