MIRA INFORM REPORT

 

 

Report No. :

356027

Report Date :

22.12.2015

           

IDENTIFICATION DETAILS

 

Name :

EPI INGREDIENTS

 

 

Registered Office :

Zi L Hermitage 44150 Ancenis

 

 

Country :

France

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

July 1996

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Wholesale (intercompany trade) of dairy products, eggs and edible oils and fats

 

 

No. of Employee :

20 to 49 employees

 

 

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

 

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 and summary

 

Name

EPI INGREDIENTS

Acronym

-

Trade name

-

Status

Economically active

Postal Address

EPI INGREDIENTS
ZI
L HERMITAGE
44150 ANCENIS

Share Capital

37,500 Euros

Telephone

02 51 14 23 64

Activity (APE)

Wholesale (intercompany trade) of dairy products, eggs and edible oils and fats (4633Z)

RCS Registration

RCS Nantes B 408 228 559

Formation Date

07/1996

EUR VAT Number

FR64408228559

Deregistration Date

-

Last account Date

31/12/2008

Court Registry Number

19 9 6B00878

Incorporiation Date

07/1996

Registration Court

Nantes (44)

Fax

-

Nationality

France

Legal form

Simplified joint stock company

Currency

Euros

 

 

Key Financials

 

Year to date

Turnover

Gross operating surplus

Shareholder's equity

Net result

Employees

31/12/2008

310,835,704 €

0.01% Turnover

67,644 €

1,249 €

20 to 49 employees

31/12/2007

194,552,433 €

0.02% Turnover

66,395 €

1,707 €

20 to 49 employees

31/12/2006

146,474,339 €

0.09% Turnover

64,688 €

12,521 €

20 to 49 employees

 

 

Trends

 

Profitability

Liquidity

Net Worth

 

 

Directors

 

Current Directors

1

 

 

Ultimate Holding Company

 

Name

Country

Company Number

COOPERATIVE EVEN

777588302

Affiliation links.

1 company in 1 country.

 

 

Judgment and Preferential

 

Judgment

No judgement

Preferential Right

No social security and tax office preferential right to date

 

 

Establishment Details

 

Type of Establishment

Single (translated to H)

Production Role

-

APE/NAF Code

4633Z

Activity

Wholesale (intercompany trade) of dairy products, eggs and edible oils and fats

Formation Date

07/1996

Reason for Formation

Formation

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

Store

Trading Address

L HERMITAGE
44150 ANCENIS

Department

Loire-Atlantique (44)

Location Surface

From 300 m² to less than 400 m²

District

4

City

ANCENIS

Status

Economically active

Business Pages FT®

-

Region

Pays de La Loire

Area

02

Size of Urban Area

-

 

 

Ultimate Parent(s)

 

1 ultimate parent company/companies for this company

Company Name

Activity (APE)

APE/NAF Code

City

Post Code

COOPERATIVE EVEN


Manufacture of other dairy products

1051D

PLOUDANIEL

29260

 

 

Other Establishment(s)

 

Regionality

Legal unit with all establishments in same area

Mono-activity status

Legal unit having all establishments with the same main activity

Branches

1 branch entities in this company

 

Company Name

Company Type

APE/NAF Code

Activity

City

Post Code

EPI INGREDIENTS

Head Office

4633Z

Wholesale (intercompany trade) of dairy products

ANCENIS

44150

EPI INGREDIENTS

Branch

513G

Wholesale (intercompany trade) of dairy products

RUNGIS

94150

 

 

Workforces

 

Workforce at address

20 to 49 employees

Company workforce

20 to 49 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. Please contact Creditsafe with 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 288 %

The ratio total assets to total liabilities is 1

The shareholder's equity is 67,644 €

The pre-tax profit is 4,302 €

The return on total assets employed is 0.01

The company has 1 director(s)

The risk provisions are 144,197 €

Department code with low risk rating

Industry code with low risk rating

Low risk workforce size

The total assets are 51,405,206 €

The net turnover is 310,835,704 €

The net current assets are 51,190,417 €

The liabilities are 51,193,366 €

The increase of tangible fixed assets over the last two accounting periods is 23 %

The stock to turnover ratio is 0.07

The creditor days are 36.74

The sales to current assets ratio is 6.07

 

 

Industry comparison

 

Activity (APE)

Wholesale (intercompany trade) of dairy products, eggs and edible oils and fats (4633Z)

Industry average credit rating

51

Industry average credit limit

83,497

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

Summary of preferential rights

 

Company monitored since

28/10/2013

Status of Monitoring

No social security and tax office preferential right to date

 

 

Group Data

 

Ultimate parent company

COOPERATIVE EVEN

Direct parent

COMPAGNIE LAITA - 50 %

Group – Number of companies

34

Linkages – Number of companies

1

Number of countries

1

Ultimate parent company

COOPERATIVE EVEN

Direct parent

COMPAGNIE LAITA - 50 %

Group – Number of companies

34

Linkages – Number of companies

1

Number of countries

1

 

 

 

 

Name

SIREN

Parts

Last account published

1

COOPERATIVE EVEN

777588302

-

-

2

COBRENA ACHATS

382048247

50 %

-

2

SFGE

343300034

100 %

-

3

EVEN - LE FLOCH ET COMPAGNIE

326659844

100 %

-

3

ARGEL OUEST

497380980

100 %

-

4

LES JARDINS DU FROID

306312208

100 %

-

A2S

865500516

100 %

31/12/2013

EVEN AGRI

347533127

100 %

31/12/2012

TECNOR-SOFAC

380568436

100 %

31/12/2005

FMB

571880012

100 %

31/12/2012

3

RICHARD NUTRITION

440170173

100 %

-

4

COBRENA

347694499

27.80 %

-

TOPIGS NORSVIN FRANCE

444597827

70 %

31/12/2003

KENTY

347830911

100 %

31/12/2009

SOVEFRAIS

432411189

100 %

-

2

A2

511070864

73.33 %

-

3

COMPAGNIE LAITA

511071359

68.98 %

-

4

LAITA

380656439

100 %

31/12/2008

5

LAITA ITALIA SRL

-

100 %

-

IBER CONSEIL

-

20 %

-

EURILAIT LIMITED

02667268

70 %

03/01/2015

FROMKA VERTRIEBSGESELLSCHAFT FÜR FRANZÖSISCHE MOLKEREIPRODUKTE MIT BESCHRÄNKTER HAFTUNG

HRB 13828

70 %

31/12/2014

REGILAIT

349113662

50 %

31/12/2014

EVEN SANTE INDUSTRIE

403817190

100 %

-

STGE

343283750

100 %

-

EPI INGREDIENTS

408228559

50 %

31/12/2008

SICA OUEST ELEVAGE

301859351

100 %

31/12/2013

4

SAS LAITERIE DU VAL D'ANCENIS

347570350

100 %

31/12/2008

5

BONILAIT PROTEINES

781507108

8 %

31/12/2012

EPI INGREDIENTS

408228559

50 %

31/12/2008

SICA LAITA

342979564

27.83 %

31/12/2008

LAITERIE NOUVELLE DE L'ARGUENON

025550120

50 %

31/12/2014

LAITERIE NOUVELLE DE L'ARGUENON

025550120

50 %

31/12/2014

UNISA - S.R.L. IN LIQUIDAZIONE

MI864069

100 %

31/12/2011

FROMAGERIE DU VAL DE SCORFF

512689183

34 %

31/12/2014

EVEN LAIT INDUSTRIE

511070427

100 %

-

YFFINIAC INDUSTRIE

511072704

100 %

-

UCLAB INDUSTRIE

511071136

100 %

-

GIE A3

513343566

5 %

-

 

 

Linkages

 

Company Name

Siren

Last Account Published

Turnover

LAITA SA

-

-

-

 

 

Shareholder(s)

 

Name

L A I T A (LAITA)

Name of representative

M GRINER CHRISTIAN ROGER

Manager position

President

Date of birth

26/05/1962

Place of birth

BELLEGARDE-SUR-VALSERINE 01200

Type

Moral person

Name at birth

 

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

President

L A I T A (LAITA)

-

President

LAITA

-

Administrator

COOPAGRI BRETAGNE

-

Administrator

EUROPE PROTEINES INDUSTRIES BRETAGNE EPI BRETAGNE

-

Administrator

EUROPE PROTEINES INDUSTRIES BRETAGNE SIGLE EPI BRETAGNE

-

Administrator

LA FINANCIERE DE LANRINOU

-

Administrator

LA FINANCIERE DE LANRINOU

-

Administrator

LAITERIE DU VAL D'ANCENIS

-

Administrator

SAS LAITERIE DU VAL D'ANCENIS

-

Administrator

SICA SA STERRENA SERVICES

-

Administrator

STE TERRENA

-

Administrator

TERRENA

-

Administrator

TERRENA SERVICES

-

Administrator

TERRENA

-

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

30/10/2012

Bodacc B

Modification et mutation diverse

44 - LOIRE-ATLANTIQUE

GREFFE DU TRIBUNAL DE COMMERCE DE NANTES

465 - 408 228 559 RCS Nantes. EPI INGREDIENTS. Forme : Société par actions simplifiée. Administration : modification du Censeur Le Guen, nom d'usage : Le Cann, Marie Anne. Capital : 37500 EUR. Activité : .
Adresse du siège social : zone industrielle de l Hermitage, 44150 Ancenis.
Commentaires : modification survenue sur l'administration.

18/10/2012

JAL

Resignation / Revocation of the social representative

Echo d Ancenis et du vignoble (L )


Date de décision : 18/06/2012
La société 408228559 - EPI INGREDIENTS, L HERMITAGE, ZI, 44150 ANCENIS
Fait l'objet du départ de Madame Marie-Anne LE GUEN, Brettin, Logonna Daoulas, 29224, DAOULAS

02/12/2009

Bodacc A

Vente et cession : Vendeur

44 - LOIRE-ATLANTIQUE

GREFFE DU TRIBUNAL DE COMMERCE DE NANTES

327 - 380 656 439 RCS Nantes. LAITA PGC. Forme : Société par actions simplifiée. Adresse : 60 avenue du Baron Lacrosse, Z.I. de Kergaradec, 29850 Gouesnou.
Origine du fonds : Fonds acquis par achat au prix stipulé de 6.000,00 EUR. Etablissement : Etablissement secondaire. Activité : Vente d'arômes alimentaires. Adresse : Z.I. de l'Hermitage, 44150 Ancenis.
Précédent propriétaire : EPI INGREDIENTS. 408 228 559 RCS Nantes.
A dater du : 10/10/1991. Date de commencement de l’activité : 03/01/1991. Publication légale : informateur judiciaire du 28/08/2009. Oppositions : TERRENA service juridique la noëlle BP 20199 44155 ANCENIS. Commentaires : Achat d'un fonds par une personne morale (insertion provisoire). Date d’effet : 30/06/2009.

24/09/2009

Bodacc B

Modification et mutation diverse

44 - LOIRE-ATLANTIQUE

GREFFE DU TRIBUNAL DE COMMERCE DE NANTES

1011 - 408 228 559 RCS Nantes. EPI INGREDIENTS. Forme : Société par actions simplifiée. Administration : Président de la société : L A I T A (LAITA), représenté par M BISSEY Patrick Commissaire aux comptes titulaire : EXCO ATLANTIQUE Commissaire aux comptes suppléant : JOUIS Pierre. Capital : 37500 EUR. Activité : Commercialisation pour son compte ou en tant que commissaire de produits laitiers à destination de l'industrie. Fabrication d'ingrédients laitiers. Adresse de l’établissement principal : Z.I. de l'Hermitage, 44150 Ancenis.
Adresse du siège social : Z.I. de l'Hermitage, 44150 Ancenis.
Commentaires : Changement dans le conseil d'administration Changement de président. Date de commencement de l’activité : 01/07/1996. Date d’effet : 09/07/2009.

31/08/2009

Bodacc C

Comptes annuels et rapports

44 - LOIRE-ATLANTIQUE

GREFFE DU TRIBUNAL DE COMMERCE DE NANTES

8005 - 408228559 RCS. EPI INGREDIENTS. Forme : Société par actions simplifiée. Adresse : Z.I. de l'Hermitage 44150 Ancenis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

24/09/2008

Bodacc B

Modification et mutation diverse

44 - LOIRE-ATLANTIQUE

GREFFE DU TRIBUNAL DE COMMERCE DE NANTES

731 - 408 228 559 RCS Nantes. EPI INGREDIENTS. Forme : Société par actions simplifiée. Administration : Président du conseil d'administration : GUILLOU Jacques François Olivier. Directeur général : GALLOIS-MONTBRUN Laurent Charles. Administrateur : LAITERIE DU VAL D'ANCENIS ..., représenté par M CARTEYRON Christian Jean. Administrateur : COOPAGRI BRETAGNE. Administrateur : CHARGE Dominique Jean Elie. Administrateur : LA FINANCIERE DE LANRINOU, représenté par M HERVE Marc Yves. Administrateur : TERRENA, représenté par M BOISSEAU Hervé Gilbert. Commissaire aux comptes titulaire : EXCO ATLANTIQUE. Commissaire aux comptes suppléant : JOUIS Pierre. Capital : 37500 EUR. Activité : Commercialisation pour son compte ou en tant que commissaire de produits laitiers à destination de l'industrie. Fabrication d'ingrédients laitiers. Adresse de l’établissement principal : Z.I. de l'Hermitage, 44150 Ancenis.
Adresse du siège social : Z.I. de l'Hermitage, 44150 Ancenis.
Commentaires : Changement de l'objet et de l'activité Changement de commissaire aux comptes Changement d'administrateur. Date de commencement de l’activité : 01/07/1996. Date d’effet : 18/06/2008.

12/09/2008

Bodacc C

Comptes annuels et rapports

44 - LOIRE-ATLANTIQUE

GREFFE DU TRIBUNAL DE COMMERCE DE NANTES

4275 - 408228559 RCS. EPI INGREDIENTS. Forme : Société par actions simplifiée. Adresse : Z.I. de l'Hermitage 44150 Ancenis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

25/11/2007

Bodacc C

Avis de dépôt des comptes

7320 - 408 228 559. RCS Nantes EPI INGREDIENTS. Forme: Société par actions simplifiée. Adresse du siège social: Z.I. de l'Hermitage 44150 Ancenis. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

28/09/2007

Bodacc B

Modifications et mutations diverses

1285 - RCS Nantes B 408 228 559. RC 96-B 878. EPI INGREDIENTS. Forme : S.A.S. Capital : 37 500 euros. Adresse du siège social : Z.I. de L'Hermitage,, 44150 Administration : président du conseil d'administration : GUILLOU (Jacques, François, Olivier). Directeur général : GALLOIS-MONTBRUN (Laurent, Charles). Administrateurs : S.A.S. LAITERIE DU VAL D'ANCENIS CHARGE (Dominique, Jean, Elie) EUROPE PROTEINES INDUSTRIES BRETAGNE-EPI BRETAGNE LA FINANCIERE DE LANRINOU TERRENA. Commissaire aux comptes titulaire : SOCIETE D'EXPERTISE COMPTABLE ET DE COMMISSAIRES AUX COMPTES EXCO ATLANTIQUE. Commissaire aux comptes suppléant : GRAVIER (Jean). Changement de représentant permanent de la STE TERRENA, administrateur. Ancien : EVAIN (Louis). Nouveau : BOISSEAU (Hervé). Etablissement principal - Activité : commercialisation pour son propre compte ou en tant que commissionnaire, de produits laitiers à destination de l'industrie. Adresse : Z.I. de L'Hermitage, 44150 Date d'effet : 6 décembre 2006.

24/12/2006

Bodacc B

Modifications et mutations diverses

0854 - RCS Nantes B 408 228 559. RC 96-B 878. EPI INGREDIENTS. Forme : S.A.S. Capital : 37 500 euros. Adresse du siège social : Z.I. de L'Hermitage,, 44150 Administration : président du conseil d'administration : GUILLOU (Jacques, François, Olivier). Directeur général : GALLOIS-MONTBRUN (Laurent, Charles). Administrateurs : S.A.S. LAITERIE DU VAL D'ANCENIS CHARGE (Dominique, Jean, Elie) EUROPE PROTEINES INDUSTRIES BRETAGNE-EPI BRETAGNE LA FINANCIERE DE LANRINOU TERRENA. Commissaire aux comptes titulaire : STE D'EXPERTISE COMPTABLE ET DE COMMISSAIRES AUX COMPTES EXCO ATLANTIQUE. Commissaire aux comptes suppléant : GRAVIER (Jean). Ancienne administration : anciens administrateurs : COOPAGRI (Bretagne) STE COOP. TERRENA SERVICES. Etablissement principal - Activité : commercialisation pour son propre compte ou en tant que commissionnaire, de produits laitiers à destination de l'industrie. Adresse : Z.I. de L'Hermitage, 44150 Date d'effet : 28 juin 2006.

22/12/2006

Bodacc B

Modifications et mutations diverses

0576 - RCS Nantes B 408 228 559. RC 96-B 878. EPI INGREDIENTS. Forme : S.A.S. Capital : 37 500 euros. Adresse du siège social : Z.I. de L'Hermitage,, 44150 Administration : président du conseil d'administration : GUILLOU (Jacques, François, Olivier). Directeur général : GALLOIS-MONTBRUN (Laurent, Charles). Administrateurs : TERRENA SERVICES S.A.S. LAITERIE DU VAL D'ANCENIS COOPAGRI BRETAGNE CHARGE (Dominique, Jean, Elie) EUROPE PROTEINES INDUSTRIES BRETAGNE-EPI BRETAGNE LA FINANCIERE DE LANRINOU TERRENA. Commissaire aux comptes titulaire : STE D'EXPERTISE COMPTABLE ET DE COMMISSAIRES AUX COMPTES EXCO ATLANTIQUE. Commissaire aux comptes suppléant : GRAVIER (Jean). Changement de représentant permanent de la STE LA FINANCIERE DE LANRINOU, administrateur. Ancien : MANAC'H (Denis). Nouveau : HERVE (Marc). Etablissement principal - Activité : commercialisation pour son propre compte ou en tant que commissionnaire de produits laitiers à destination de l'industrie. Adresse : Z.I. de L'Hermitage, 44150 Date d'effet : 29 mars 2006.

04/10/2006

Bodacc C

Avis de dépôt des comptes

1827 - RCS Nantes B 408 228 559. RC 96-B 878. EPI INGREDIENTS. Forme: SAS . Adresse du siège social: Z.I. de l'Hermitage,44150 Ancenis. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

13/08/2006

Bodacc B

Modifications et mutations diverses

1127 - RCS Nantes B 408 228 559. RC 96-B 878. EPI INGREDIENTS. Forme : S.A.S. Capital : 37 500 euros. Adresse du siège social : Z.I. de L'Hermitage,, 44150 Administration : président du conseil d'administration : GUILLOU (Jacques, François, Olivier). Directeur général : GALLOIS-MONTBRUN (Laurent, Charles). Administrateurs : TERRENA SERVICES S.A.S. LAITERIE DU VAL D'ANCENIS COOPAGRI BRETAGNE CHARGE (Dominique, Jean, Elie) EUROPE PROTEINES INDUSTRIES BRETAGNE - SIGLE EPI BRETAGNE LA FINANCIERE DE LANRINOU TERRENA. Commissaire aux comptes titulaire : STE D'EXPERTISE COMPTABLE ET DE COMMISSAIRES AUX COMPTES EXCO ATLANTIQUE. Commissaire aux comptes suppléant : GRAVIER (Jean). Ancien représentant permanent de la S.I.C.A. S.A. STERRENA SERVICES, administrateur : LEBEAU (Pascal). Nouveau : BARANGER (Gérard). Etablissement principal - Activité : commercialisation pour son propre compte ou en tant que commissionnaire, de produits laitiers à destination de l'industrie. Adresse : Z.I. de L'Hermitage, 44150 Date d'effet : 4 janvier 2006.

15/09/2005

Bodacc C

Avis de dépôt des comptes

2401 - RCS Nantes B 408 228 559. RC 96-B 878. EPI INGREDIENTS. Forme: SAS . Adresse du siège social: Z.I. de l'Hermitage,44150 Ancenis. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

13/10/2004

Bodacc B

Modifications et mutations diverses

RCS Nantes B 408228559 RC 96-B 878 EPI INGREDIENTS. Forme : S.A.S. Capital : 37 500 euros. Adresse du siège social : Z.I. de l'Hermitage, 44150 Ancenis. Administration : président du conseil d' administration : GUILLOU (Jacques, François, Olivier). Directeur général : GALLOIS-MONTBRUN (Laurent, Charles). Administrateurs : TERRENA SERVICES S.A. S. LAITERIE DU VAL D'ANCENIS COOPAGRI BRETAGNE CHARGE (Dominique, Jean, Elie) EUROPE PROTEINES INDUSTRIES BRETAGNE-EPI BRETAGNE LA FINANCIERE DE LANRINOU TERRENA SERVICES, représentée par LEBEAU (Pascal), en remplacement de HUBERT (Jacques). Commissaire aux comptes titulaire : STE D'EXPERTISE COMPTABLE ET DE COMMISSAIRES AUX COMPTES EXCO ATLANTIQUE. Commissaire aux comptes suppléant : GRAVIER (Jean) Etablissement principal: Activité : commercialisation pour son compte ou en tant que commissionnaire de produits laitiers à destination de l'industrie. Adresse : Z.I. de l'Hermitage, 44150 Ancenis. Date d'effet : 2 juin 2004.

12/10/2004

Bodacc B

Modifications et mutations diverses

RCS Nantes B 408228559 RC 96-B 878 EPI INGREDIENTS. Forme : S.A.S. Capital : 37 500 euros. Adresse du siège social : Z.I. de l'Hermitage, 44150 Ancenis. Administration : président du conseil d' administration : GUILLOU (Jacques, François, Olivier). Directeur général : GALLOIS-MONTBRUN (Laurent, Charles). Administrateurs : TERRENA SERVICES S. A.S. LAITERIE DU VAL D'ANCENIS COOPAGRI BRETAGNE CHARGE (Dominique, Jean, Elie) EUROPE PROTEINES INDUSTRIES BRETAGNE-EPI BRETAGNE LA FINANCIERE DE LANRINOU TERRENA. Commissaire aux comptes titulaire : STE D'EXPERTISE COMPTABLE ET DE COMMISSAIRES AUX COMPTES EXCO ATLANTIQUE. Commissaire aux comptes suppléant : GRAVIER (Jean). Ancienne administration : ancien administrateur RICHOMME (René, Jean, Louis, Alain, Patrick). Changement de représentant permanent de la STE EUROPE PROTEINES INDUSTRIES BRETAGNE-EPI BRETAGNE, administrateur. Ancien : CORLAY (Yvon). Nouveau : GRINIER (Christian) Etablissement principal: Activité : commercialisation pour son compte ou en tant que commissionnaire, de produits laitiers à destination de l'industrie. Adresse : Z.I. de l'Hermitage, 44150 Ancenis. Date d'effet : 11 décembre 2003.

15/04/2003

Bodacc B

Modifications et mutations diverses

RCS Nantes B 408228559 RC 96-B 878 EPI INGREDIENTS. Forme : S.A.S. Capital : 37 500 euros. Adresse du siège social : Z.I. de l'Hermitage, 44150 Ancenis. Administration : président du conseil d' administration : GUILLOU (Jacques, François, Olivier). Directeur général : GALLOIS-MONTBRUN (Laurent, Charles). Administrateurs : COOPERATIVE AGRICOLE LA NOELLE ANCENIS TERRENA SERVICES S.A.S. LAITERIE DU VAL D'ANCENIS COOPAGRI BRETAGNE RICHOMME (René, Jean, Louis, Alain, Patrick) EUROPE PROTEINES INDUSTRIES BRETAGNE FINANCIERE DE LANRINOU. Commissaire aux comptes titulaire : STE D'EXPERTISE COMPTABLE ET DE COMMISSAIRES AUX COMPTES EXCO ATLANTIQUE. Commissaire aux comptes suppléant : GRAVIER (Jean). Ancien commissaire aux comptes titulaire : S.A. ERNST & YOUNG AUDIT. Ancien commissaire aux comptes suppléant : FOIN (Patrick) Etablissement principal: Activité : commercialisation pour son compte ou en tant que commissionnaire de produits laitiers à destination de l'industrie. Adresse : Z.I. de l'Hermitage, 44150 Ancenis. Date d'effet : 19 juin 2002.

09/11/2001

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Nantes B 408228559 RC 96-B 878 EPI INGREDIENTS. Forme : S.A.S. Capital : 250 000 F. Adresse : Z.I. de l'Hermitage, 44150 Ancenis Nouvelle situation du siège social. Capital : 37 500 euros Etablissement principal: Activité : commercialisation pour son compte ou en tant que commissionnaire de produits laitiers à destination de l'industrie. Adresse : Z.I. de l'Hermitage, 44150 Ancenis. Commentaires : augmentation du capital. Date d'effet : 28 juin 2001.

06/01/2000

Bodacc B

Modifications et mutations diverses

o. RCS Nantes B 408 228 559 RC 96-B 878 EPI INGREDIENTS. Forme : S.A.S. Capital : 250 000 F. Adresse du siège social : Z.I. de l'Hermitage 44150 Ancenis. Administration : président du conseil d' administration : GUILLOU (Jacques, François, Olivier) Directeur général : GALLOIS-MONTBRUN (Laurent, Charles). Administrateurs : CANA - COOPERATIVE AGRICOLE LA NOELLE ANCENIS SOCIETE LA NOELLE SERVICES S.A.S. LAITERIE DU VAL-D'ANCENIS COOPAGRI BRETAGNE RICHOMME (René, Jean, Louis, Alain, Patrick) EUROPE PROTEINES INDUSTRIES BRETAGNE - E.P.I. BRETAGNE LA FINANCIERE DE LANRINOU. Censeur : Mme LE CANN, née LE GUEN (Marie, Anne). Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppléant : FOIN (Patrick). Ancien président du conseil d' administration et administrateur : MANAC'H (Denis). Ancien administrateur : SOCIETE SOPARLAIT. Ancien censeur : BALLE (Joseph) Etablissement principal: Activité : commercialisation pour son compte ou en tant que commissionnaire de produits laitiers à destination de l' industrie. Adresse : Z.I. de l'Hermitage 44150 Ancenis. Date d'effet : 24 juin 1999 Date de début d'activité: 1er juillet 1996.

15/12/1999

Bodacc B

Modifications et mutations diverses

RCS Nantes B 408228559 RC 96-B 878 E.P. I. INGREDIENTS. Forme : S.A.S. Capital : 250 000 F. Adresse du siège social : Z.I. de l'Hermitage, 44150 Ancenis. Administration : président du conseil d' administration : MANAC'H (Denis, Joseph, André). Directeur général : GALLOIS- MONTBRUN (Laurent, Charles). Administrateurs : CANA-COOPERATIVE AGRICOLE LA NOELLE ANCENIS STE LA NOELLE SERVICES STE DE PARTICIPATIONS PRODUITS LAITIERS-SOPARLAIT S.A. S.A. S. LAITERIE DU VAL-D'ANCENIS COOPAGRI BRETAGNE EUROPE PROTEINES INDUSTRIES BRETAGNE-E.P.I. BRETAGNE LA FINANCIERE DE LANRINOU. Censeurs : BALLE (Joseph, Pierre, Auguste) Mme LE CANN, née LE GUEN (Marie, Anne). Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppléant : FOIN (Patrick). Changement de représentant permanent de la STE FINANCIERE DE LANRINOU, administrateur. Ancien : GUILLOU ( Jacques). Nouveau : MANAC'H (Denis) Etablissement principal: Activité : commercialisation, pour son compte ou en tant que commissaire, de produits laitiers à destination de l'industrie. Adresse : Z.I. de l'Hermitage, 44150 Ancenis. Date d'effet : 23 septembre 1999.

21/03/1999

Bodacc B

Modifications et mutations diverses

RCS Nantes B 408 228 559 RC 96-B 878 EPI INGREDIENTS. Forme : S.A.S. Capital : 250 000 F. Adresse du siège social : Z.I. de l'Hermitage 44150 Ancenis. Administration : président du conseil d' administration : MANAC'H (Denis, Joseph, André). Directeur général : GALLOIS- MONTBRUN (Laurent, Charles). Administrateurs : CANA-COOPERATIVE AGRICOLE LA NOELLE ANCENIS STE LA NOELLE SERVICES STE DE PARTICIPATIONS PRODUITS LAITIERS-SOPARLAIT S.A. S.A. S. LAITERIE DU VAL D'ANCENIS SOCIETE COOPAGRI BRETAGNE dont le représentant permanent est : SOLLIEC (Jean) en remplacement de BARBARET (Georges) EUROPE PROTEINES INDUSTRIES BRETAGNE- EPI BRETAGNE LA FINANCIERE DE LANRINOU. CENS : BALLE (Joseph, Pierre, Auguste) Mme LE CANN, née LE GUEN ( Marie, Anne). Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppléant : FOIN (Patrick) Etablissement principal: Activité : commercialisation pour son compte ou en tant que commissaire de produits laitiers à destination de l' industrie. Adresse : Z.I. de l'Hermitage 44150 Ancenis. Date d'effet : 17 septembre 1998.

30/10/1998

Bodacc B

Modifications et mutations diverses

RCS o. RCS Nantes B 408 228 559 RC RC 96- B 878 EPI INGREDIENTS. Forme : S.A.S. Capital : 250 000 F. Adresse du siège social : Z.I. de l'Hermitage 44150 Ancenis. Administration : président du conseil d'administration : MANAC'H ( Denis, Joseph, André) Directeur général GALLOIS-MONTBRUN (Laurent, Charles). Administrateurs : CANA - COOPERATIVE AGRICOLE LA NOELLE ANCENIS SOCIETE LA NOELLE SERVICES SOCIETE DE PARTICIPATIONS PRODUITS LAITIERS - SOPARLAIT S.A. S.A.S. LAITERIE DU VAL- D'ANCENIS COOPAGRI BRETAGNE EUROPE PROTEINES INDUSTRIES BRETAGNE - EPI BRETAGNE LA FINANCIERE DE LANRINOU. Censeurs : BALLE (Joseph, Pierre, Auguste) Mme LE CANN, née LE GUEN ( Marie-Anne). Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppléant : FOIN (Patrick). Ancien président du conseil d'administration et ancien administrateur : LE BRETON (Joseph) Etablissement principal: Activité : commercialisation pour son compte ou en tant que commissaire de produits laitiers à destination de l'industrie. Adresse : Z.I. de l'Hermitage 44150 Ancenis Date de début d'activité: 1er juillet 1996. Date d'effet : 18 septembre 1997.

04/08/1996

Bodacc A

Création d'établissement

RCS Nantes B 408 228 559 A dater du: 23 juillet 1996 RC 96-B 878 E.P.I. INGREDIENTS. Forme : S.A.S. Capital : 250 000 F. Adresse du siège social : Z.I. de l'Hermitage 44150 Ancenis. Administration : président du conseil d' administration : LE BRETON (Joseph, Corentin, Marie). Directeur général : GALLOIS-MONTBRUN (Laurent, Charles). Administrateurs : CANA-COOPERATIVE AGRICOLE LA NOELLE ANCENIS STE LA NOELLE SERVICES STE DE PARTICIPATIONS PRODUITS LAITIERS-SOPARLAIT S.A. S.A. S. LAITERIE DU VAL D'ANCENIS COOPAGRI BRETAGNE EUROPE PROTEINES INDUSTRIES BRETAGNE-E.P.I. BRETAGNE LA FINANCIERE DE LANRINOU. Censeurs : BALLE (Joseph, Pierre, Auguste) Mme LE CANN, née LE GUEN (Marie, Anne). Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppléant : FOIN (Patrick) Cette société se constitue Etablissement principal: Activité : commercialisation pour son compte ou en tant que commissionnaire de produits laitiers à destination de l'industrie. Adresse : Z.I. de l'Hermitage 44150 Ancenis Date de début d'activité: 1er juillet 1996.

 

 

Company events history

 

Date

Description

11/01/2014

11/01/2014

28/10/2013

Collection of preferential rights activated for this company

16/10/2013

16/10/2013

06/09/2013

New ultimate parent

30/10/2012

Bodacc B: Various editing or changing

18/10/2012

Legal Gazette: Resignation / Revocation of the social representative

15/10/2012

Amendment

06/04/2012

New ultimate parent

06/04/2012

New parent detected

19/03/2012

Amendment

19/03/2012

Appointment/resignation of company officers

02/03/2010

New ultimate parent

14/12/2009

Disengagement of the group

14/12/2009

New ultimate parent

14/12/2009

New parent detected

02/12/2009

Bodacc A : Sale and transfer

19/11/2009

Amendment

19/11/2009

New closing date

19/11/2009

Updated articles of association

24/09/2009

Bodacc B: Various editing or changing

14/09/2009

Changes to the Board of Directors

14/09/2009

Updated articles of association

14/09/2009

New chairman (CEO, CoB)

14/09/2009

Minutes of general meeting of shareholders

31/08/2009

Bodacc C : Deposit accounts notice

24/08/2009

Minutes of general meeting of shareholders

24/08/2009

New closing date

24/08/2009

Updated articles of association

31/12/2008

New accounts available

24/09/2008

New Bodacc B ads detected

24/09/2008

Bodacc B: Various editing or changing

12/09/2008

Change to corporate purpose

12/09/2008

Change to corporate purpose

12/09/2008

Bodacc C : Deposit accounts notice

12/09/2008

Appointment/resignation of company officers

12/09/2008

Changes to the Board of Directors

12/09/2008

Minutes of general meeting of shareholders

12/09/2008

New auditor

12/09/2008

New auditor

12/09/2008

Private document

12/09/2008

Updated articles of association

12/09/2008

Updated articles of association

12/09/2008

Minutes of general meeting of shareholders

31/12/2007

New accounts available

22/08/2007

Private document

22/08/2007

Appointment/resignation of company officers

22/08/2007

Amendment

31/12/2006

New accounts available

11/12/2006

Appointment/resignation of company officers

11/12/2006

Changes to the Board of Directors

11/12/2006

Changes to the Board of Directors

11/12/2006

Minutes of general meeting of shareholders

11/12/2006

Minutes of general meeting of shareholders

11/12/2006

Private document

08/12/2006

Amendment

08/12/2006

Appointment/resignation of company officers

08/12/2006

Private document

13/07/2006

Amendment

13/07/2006

Private document

13/07/2006

Appointment/resignation of company officers

31/12/2005

New accounts available

31/12/2004

New accounts available

30/09/2004

Private document

30/09/2004

Appointment/resignation of company officers

30/09/2004

Amendment

29/09/2004

Appointment/resignation of company officers

29/09/2004

Minutes of Board meeting

29/09/2004

Private document

29/09/2004

Changes to the Board of Directors

31/12/2003

New accounts available

02/04/2003

Minutes of general meeting of shareholders

02/04/2003

New auditor

02/04/2003

Private document

02/04/2003

Updated articles of association

02/04/2003

Appointment/resignation of company officers

26/10/2001

Private document

26/10/2001

Minutes of general meeting of shareholders

26/10/2001

Conversion of equity to euro

26/10/2001

Capital reduction

26/10/2001

Updated articles of association

22/12/1999

New chairman (CEO, CoB)

22/12/1999

Minutes of general meeting of shareholders

22/12/1999

Minutes of Board meeting

22/12/1999

Changes to the Board of Directors

22/12/1999

Appointment/resignation of company officers

22/12/1999

Private document

30/11/1999

Appointment/resignation of company officers

30/11/1999

Minutes of Board meeting

30/11/1999

Private document

10/03/1999

Minutes of general meeting of shareholders

10/03/1999

Private document

10/03/1999

Appointment/resignation of company officers

14/10/1998

Appointment/resignation of company officers

14/10/1998

Changes to the Board of Directors

14/10/1998

Minutes of Board meeting

14/10/1998

New chairman (CEO, CoB)

14/10/1998

Private document

03/12/1996

Appointment/resignation of company officers

03/12/1996

Private document

23/07/1996

Minutes of Board meeting

23/07/1996

Fund deposit certificate

23/07/1996

Company formation

23/07/1996

Changes to the Board of Directors

23/07/1996

Articles of association

23/07/1996

Appointment/resignation of company officers

23/07/1996

Amendment

23/07/1996

New chairman (CEO, CoB)

 

 

Synthesized Accounts

 

Annual Accounts

 

31/12/2008

31/12/2007

31/12/2006

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

-

-

-

Activity Code

4633Z

4633Z

4633Z

Employees

0

0

0

 

 

Active account

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

214,789

19.0 %

180,551

17.7 %

153,415

143,150

50.0 %

Intangible assets

61,151

17.2 %

52,184

0.7 %

51,837

3,524

1635.3 %

Tangible assets

111,257

23.1 %

90,344

33.4 %

67,739

48,473

129.5 %

Financial assets

42,381

11.5 %

38,023

12.4 %

33,840

5,189

716.8 %

Net current assets

51,190,417

5.2 %

48,662,873

87.7 %

25,924,731

765,769

6584.8 %

Stocks

231,936

11.4 %

208,155

117.3 %

95,798

36,210

540.5 %

Advanced payments

0

0%

0

0%

0

0

0%

Receivables

50,520,147

4.5 %

48,330,627

87.3 %

25,806,053

473,410

10571.5 %

Securities and cash

438,334

253.2 %

124,091

442.4 %

22,879

81,224

439.7 %

Prepaid expenses

-

-

-

-

-

4

-

Accounts of regularization

0

0%

0

0%

0

0

0%

Total Assets

51,405,206

5.2 %

48,843,424

87.3 %

26,078,147

1,034,585

4868.7 %

 

 

Passive Account

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Shareholders' equity

67,644

1.9 %

66,395

2.6 %

64,688

260,828

-74.1 %

Share capital

37,500

0%

37,500

0%

37,500

48,973

-23.4 %

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

144,197

0%

144,197

0%

144,197

0

0%

Liabilities

51,193,366

5.3 %

48,632,833

88.0 %

25,869,261

635,488

7955.8 %

Financial liabilities

19,551,120

304.5 %

4,833,056

129.4 %

2,106,515

73,448

26519.0 %

Advanced payments received

0

0%

0

0%

0

0

0%

Trade account payables

31,285,471

-27.9 %

43,363,840

86.1 %

23,295,504

329,872

9384.1 %

Tax and social liabilities

350,032

-7.2 %

377,058

14.8 %

328,551

70,471

396.7 %

Other debts and fixed assets liabilities

2,786

-95.3 %

58,879

-57.5 %

138,691

5,380

-48.2 %

Account regularization

3,957

0%

0

0%

0

0

0%

Total liabilities

51,405,206

5.2 %

48,843,424

87.3 %

26,078,147

1,034,585

4868.7 %

 

 

Results

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Sales of Goods

311,341,653

59.8 %

194,795,612

33.0 %

146,487,093

3,377,277

9118.7 %

Net turnover

310,835,704

59.8 %

194,552,433

32.8 %

146,474,339

3,318,944

9265.5 %

of which net export turnover

250,543,309

119.9 %

113,930,194

56.2 %

72,954,087

0

0%

Operating charges

311,347,095

59.8 %

194,782,536

33.0 %

146,441,228

3,301,652

9330.0 %

Operating profit/loss

-5,442

-141.6 %

13,076

-71.5 %

45,865

21,602

-125.2 %

Financial income

992,160

249.8 %

283,625

42.5 %

199,007

1,427

69427.7 %

Financial charges

988,231

239.3 %

291,271

44.0 %

202,210

4,122

23874.6 %

Financial profit/loss

3,929

151.4 %

-7,647

-138.7 %

-3,203

-552

812.4 %

Pretax net operating income

-1,513

-127.9 %

5,430

-87.3 %

42,663

19,672

-107.7 %

Extraordinary income

114,587

53.7 %

74,575

-32.7 %

110,853

2,547

4398.9 %

Extraordinary charges

108,772

52.5 %

71,337

-37.3 %

113,717

1,259

8543.0 %

Extraordinary profit/loss

5,815

79.6 %

3,238

213.1 %

-2,864

0

0%

Net result

1,249

-26.8 %

1,707

-86.4 %

12,521

19,131

-93.5 %

 

 

Accounts – Active

 

Normal Account

 

31/12/2008

31/12/2007

31/12/2006

Months

12

12

12

 

 

Grand Total - Active Accounts (I to VI)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Grand Total (I to VI)

Net

51,405,206

5.2 %

48,843,424

87.3 %

26,078,147

Gross

CO

51,712,970

5.3 %

49,097,340

86.5 %

26,325,313

Amortisation

1A

307,764

21.2 %

253,916

2.7 %

247,166

 

 

Non declared distributed capital (I)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

-

-

-

-

-

 

 

Active fixed asset (II)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total Active fixed asset (II)

Net

214,789

19.0 %

180,551

17.7 %

153,415

Gross

BJ

522,553

20.3 %

434,467

11.8 %

388,690

Amortisation

BK

307,764

21.2 %

253,916

7.9 %

235,274

 

 

Intangible fixed assets

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

CQ

0

0%

0

0%

0

Distributorships, patents

Net

61,151

17.2 %

52,184

0.7 %

51,837

Gross

AF

162,447

25.4 %

129,535

11.6 %

116,076

Amortisation

AG

101,296

31.0 %

77,351

20.4 %

64,239

Goodwill

Net

0

0%

0

0%

0

Gross

AH

0

0%

0

0%

0

Amortisation

AI

0

0%

0

0%

0

Other intangible fixed assets

Net

0

0%

0

0%

0

Gross

AJ

0

0%

0

0%

0

Amortisation

AK

0

0%

0

0%

0

Pre-payments and downpayments

Net

0

0%

0

0%

0

Gross

AL

0

0%

0

0%

0

Amortisation

AM

0

0%

0

0%

0

Sub Total Intangible asset

Net

61,151

17.2 %

52,184

0.7 %

51,837

 

 

Tangilble fixed assets

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Lands

Net

0

0%

0

0%

0

Gross

AN

0

0%

0

0%

0

Amortisation

AO

0

0%

0

0%

0

Buildings

Net

8,570

-8.5 %

9,366

7274.8 %

127

Gross

AP

11,559

9.1 %

10,595

867.6 %

1,095

Amortisation

AQ

2,989

143.2 %

1,229

27.0 %

968

Plant

Net

94,517

35.9 %

69,558

18.7 %

58,589

Gross

AR

260,313

23.0 %

211,717

19.7 %

176,882

Amortisation

AS

165,796

16.6 %

142,159

20.2 %

118,293

Other tangible fixed assets

Net

8,170

-28.5 %

11,420

26.6 %

9,023

Gross

AT

45,853

2.8 %

44,597

-26.6 %

60,797

Amortisation

AU

37,683

13.6 %

33,177

-35.9 %

51,774

Fixed assets in construction

Net

0

0%

0

0%

0

Gross

AV

0

0%

0

0%

0

Amortisation

AW

0

0%

0

0%

0

Advances and payments on account

Net

0

0%

0

0%

0

Gross

AX

0

0%

0

0%

0

Amortisation

AY

0

0%

0

0%

0

Sub Total Tangible asset

Net

111,257

23.1 %

90,344

33.4 %

67,739

 

 

Financial assets

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Associates at equity

Net

0

0%

0

0%

0

Gross

CS

0

0%

0

0%

0

Amortisation

CT

0

0%

0

0%

0

Other participations

Net

0

0%

0

0%

0

Gross

CU

0

0%

0

0%

0

Amortisation

CV

0

0%

0

0%

0

Inter-company receivables

Net

0

0%

0

0%

0

Gross

BB

0

0%

0

0%

0

Amortisation

BC

0

0%

0

0%

0

Other investment securities

Net

0

0%

0

0%

0

Gross

BD

0

0%

0

0%

0

Amortisation

BE

0

0%

0

0%

0

Loans

Net

40,094

12.2 %

35,736

13.3 %

31,553

Gross

BF

40,094

12.2 %

35,736

13.3 %

31,553

Amortisation

BG

0

0%

0

0%

0

Other financial assets

Net

2,287

0%

2,287

0%

2,287

Gross

BH

2,287

0%

2,287

0%

2,287

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

42,381

11.5 %

38,023

12.4 %

33,840

 

 

Current Assets (III)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total Current Assets

Net

51,190,417

5.2 %

48,662,873

87.7 %

25,924,731

Gross

CJ

51,190,417

5.2 %

48,662,873

87.6 %

25,936,623

Amortisation

CK

0

0%

0

0%

11,892

 

 

Stocks

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Raw materials

Net

58,367

-4.6 %

61,211

214.7 %

19,449

Gross

BL

58,367

-4.6 %

61,211

95.3 %

31,341

Amortisation

BM

0

0%

0

0%

11,892

Work in progress (goods)

Net

0

0%

0

0%

0

Gross

BN

0

0%

0

0%

0

Amortisation

BO

0

0%

0

0%

0

Work in progress (services)

Net

0

0%

0

0%

0

Gross

BP

0

0%

0

0%

0

Amortisation

BQ

0

0%

0

0%

0

Semi-finished and finished products

Net

0

0%

0

0%

0

Gross

BR

0

0%

0

0%

0

Amortisation

BS

0

0%

0

0%

0

Goods for resale

Net

173,569

18.1 %

146,944

92.5 %

76,349

Gross

BT

173,569

18.1 %

146,944

92.5 %

76,349

Amortisation

BU

0

0%

0

0%

0

Sub Total Stocks

Net

231,936

11.4 %

208,155

117.3 %

95,798

 

 

Advance payments to suppliers

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Advance payments to suppliers

Net

0

0%

0

0%

0

Gross

BV

0

0%

0

0%

0

Amortisation

BW

0

0%

0

0%

0

 

 

Debtors

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Trade accounts receivable

Net

41,685,571

-9.5 %

46,080,703

83.4 %

25,118,976

Gross

BX

41,685,571

-9.5 %

46,080,703

83.4 %

25,118,976

Amortisation

BY

0

0%

0

0%

0

Other debtors

Net

8,826,163

293.4 %

2,243,701

248.9 %

643,013

Gross

BZ

8,826,163

293.4 %

2,243,701

248.9 %

643,013

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

50,511,734

4.5 %

48,324,404

87.6 %

25,761,989

 

 

Divers

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

438,334

253.2 %

124,091

442.4 %

22,879

Gross

CF

438,334

253.2 %

124,091

442.4 %

22,879

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

438,334

253.2 %

124,091

442.4 %

22,879

 

 

Prepaid expenses

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Prepaid expenses

Net

8,413

35.2 %

6,223

-85.9 %

44,064

Gross

CH

8,413

35.2 %

6,223

-85.9 %

44,064

Amortisation

CI

0

0%

0

0%

0

 

 

Equalization accounts (IV to VI)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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%

0

0%

0

Gross

-

-

-

-

-

 

 

References

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Due within one year

CP

0

0%

0

0%

0

Due after one year

CR

0

0%

0

0%

0

 

 

Accounts – Passive

 

Grand Total - Passive Accounts (I to V)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Grand Total (I to V)

EE

51,405,206

5.2 %

48,843,424

87.3 %

26,078,147

 

 

Shareholder Equity (I)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total shareholders' equity (Total I)

DL

67,644

1.9 %

66,395

2.6 %

64,688

Equity and shareholders' equity

DA

37,500

0%

37,500

0%

37,500

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

3,750

0%

3,750

0%

3,750

Statutory or contractual reserve

DE

0

0%

0

0%

0

Special regulated reserves

DF

0

0%

0

0%

0

Of which special reserve of provisions for current fluctuation

B1

0

0%

0

0%

0

Other reserves

DG

25,146

7.3 %

23,438

115.7 %

10,867

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

0

0%

0

0%

50

Profit or loss for the period

DI

1,248

-26.9 %

1,707

-86.4 %

12,521

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

0

0%

0

0%

0

 

 

Other capital resources (II)

 

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total provisions for risks and charges (Total III)

DR

144,197

0%

144,197

0%

144,197

Risk provisions

DP

0

0%

0

0%

0

Reserves for charges

DQ

144,197

0%

144,197

0%

144,197

 

 

Liabilities (IV)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total Liabilities (Total IV)

EC

51,193,366

5.3 %

48,632,833

88.0 %

25,869,261

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

19,543,920

305.0 %

4,825,856

133.4 %

2,067,875

Sundry loans and financial liabilities

DV

7,200

0%

7,200

-81.4 %

38,640

Of which participating loans

EI

0

0%

0

0%

0

Advance payments received for current orders

DW

0

0%

0

0%

0

Trade accounts payables

DX

31,285,471

-27.9 %

43,363,840

86.1 %

23,295,504

Tax and social security liabilities

DY

350,032

-7.2 %

377,058

14.8 %

328,551

Fixed asset liabilities

DZ

0

0%

0

0%

0

Other debts

EA

2,786

-95.3 %

58,879

-57.5 %

138,691

 

 

Translation loss (V)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Translation loss (Total V)

ED

0

0%

0

0%

0

 

 

Equalization accounts

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Deferred income

EB

3,957

0%

0

0%

0

 

 

References

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

 

 

Result account

 

1 - Operating result (I-II)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Operating result (Total I-II)

GG

-5,442

-141.6 %

13,076

-71.5 %

45,865

 

 

2 - Financial result (V-VI)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Financial result (Total V-VI)

GV

3,929

151.4 %

-7,647

-138.7 %

-3,203

 

 

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

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

GW

-1,513

-127.9 %

5,430

-87.3 %

42,663

 

 

4 - Extraordinary result (VII-VIII)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Extraordinary result (Total VII-VIII)

HI

5,815

79.6 %

3,238

213.1 %

-2,864

 

 

Profit or loss

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Profit or loss

HN

1,249

-26.8 %

1,707

-86.4 %

12,521

 

 

Total Income (I+III+V+VII)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

HL

312,448,400

60.1 %

195,153,812

32.9 %

146,796,952

 

 

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

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

HM

312,447,151

60.1 %

195,152,104

33.0 %

146,784,431

 

 

Operating income (I)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total operating income (Total I)

FR

311,341,653

59.8 %

194,795,612

33.0 %

146,487,093

 

 

Operating income (details)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sale of goods for resale

FC

2,600

214.0 %

828

0%

0

France

FA

2,600

214.0 %

828

0%

0

Export

FB

0

0%

0

0%

0

Sale of goods produced

FF

302,777,473

59.2 %

190,145,509

33.4 %

142,493,389

France

FD

55,188,917

-28.2 %

76,903,444

10.6 %

69,546,423

Export

FE

247,588,556

118.6 %

113,242,065

55.2 %

72,946,967

Sale of services

FI

8,055,631

82.8 %

4,406,096

10.7 %

3,980,950

France

FG

5,100,878

37.2 %

3,717,967

-6.4 %

3,973,830

Export

FH

2,954,753

329.4 %

688,129

9564.7 %

7,120

Net turnover

FL

310,835,704

59.8 %

194,552,433

32.8 %

146,474,339

France

FJ

60,292,395

-25.2 %

80,622,239

9.7 %

73,520,253

Export

FK

250,543,309

119.9 %

113,930,194

56.2 %

72,954,087

Stocked production

FM

0

0%

0

0%

0

Self-constructed assets

FN

0

0%

0

0%

0

Operating grants

FO

485,100

111.6 %

229,243

1797.1 %

12,084

Release of reserves and provisions

FP

20,843

49.6 %

13,932

1998.2 %

664

Other income

FQ

6

50.0 %

4

-33.3 %

6

 

 

Operating charges (II)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total operating charges (Total II)

GF

311,347,095

59.8 %

194,782,536

33.0 %

146,441,228

 

 

Exploitation charges

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Purchase of goods for resale

FS

300,626,078

59.3 %

188,674,941

33.4 %

141,414,970

Change in stocks of goods for resale

FT

-26,625

62.3 %

-70,595

7.5 %

-76,349

Purchase of raw materials

FU

18,564

-21.2 %

23,544

273.4 %

6,305

Change in stocks of raw materials

FV

2,844

109.5 %

-29,870

-275.0 %

17,073

Other external purchases and charges

FW

8,882,541

100.7 %

4,424,890

30.8 %

3,382,978

Tax, duty and similar payments

FX

129,236

4.9 %

123,183

14.3 %

107,809

Payroll

FY

1,161,500

3.8 %

1,119,508

7.4 %

1,042,300

Social security costs

FZ

486,742

3.7 %

469,404

2.8 %

456,646

 

 

Depreciation

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Depreciation of fixed assets

GA

54,153

13.9 %

47,531

16.1 %

40,952

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

0

0%

0

0%

11,892

Provisions for risks and charges

GD

0

0%

0

0%

36,652

 

 

Other charges

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Other charges

GE

12,062

0%

0

0%

0

 

 

Operating charges (III-IV)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total financial income (Total V)

GP

992,160

249.8 %

283,625

42.5 %

199,007

Share financial income

GJ

0

0%

0

0%

0

Other investment income & capitalised receivables

GK

0

0%

0

0%

0

Other interest and similar income

GL

466,404

121.2 %

210,821

73.6 %

121,430

Released provisions and transferred charges

GM

312,958

329.9 %

72,804

3.1 %

70,603

Exchange gains

GN

212,798

0%

0

0%

6,974

Net income from disposal of investment securities

GO

0

0%

0

0%

0

 

 

Financial charge (VI)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total financial charge (Total VI)

GU

988,231

239.3 %

291,271

44.0 %

202,210

Financial reserves and provisions

GQ

0

0%

0

0%

0

Interest and similar charges

GR

675,070

252.9 %

191,278

65.0 %

115,931

Exchange losses

GS

313,161

213.2 %

99,993

15.9 %

86,279

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

 

 

Extraordinary income (VII)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total extraordinary income (Total VII)

HD

114,587

53.7 %

74,575

-32.7 %

110,853

Extraordinary operating income

HA

114,587

53.7 %

74,575

-32.4 %

110,353

Extraordinary income from capital transactions

HB

0

0%

0

0%

500

Released provisions and transferred charges

HC

0

0%

0

0%

0

 

 

Extraordinary charges (VIII)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total extraordinary charges (Total VIII)

HH

108,772

52.5 %

71,337

-37.3 %

113,717

Extraordinary operating charges

HE

108,744

52.4 %

71,337

-37.3 %

113,717

Extraordinary charges from capital transactions

HF

28

0%

0

0%

0

Extraordinary reserves and provisions

HG

0

0%

0

0%

0

 

 

Employee profit sharing (IX)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Employee profit sharing (Total IX)

HJ

0

0%

0

0%

0

 

 

Tax on profits (X)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Tax on profits (Total X)

HK

3,053

-56.1 %

6,960

-74.5 %

27,278

 

 

References

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Of which equipment leases

HP

0

0%

0

0%

0

Of which property leases

HQ

0

0%

0

0%

0

Of which transferred charges

A1

0

0%

0

0%

0

Of which trader's own contributions

A2

0

0%

0

0%

0

Of which royalties on licences and patents (income)

A3

0

0%

0

0%

0

Of which royalties on licences and patents (charges)

A4

0

0%

0

0%

0

 

 

Other incomes tax return forms

 

Fixed Assets

 

Grand Total Fixed Assets (I to IV)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Gross value at begin of period

OG

434,467

11.8 %

388,689

5.4 %

368,645

Increasess due to revaluation

OH

0

0%

0

0%

0

Decreasess, acquisitions, creations, contributions

OJ

88,418

18.4 %

74,667

49.3 %

50,002

Decreasess by budget item transfer

OK1

0

0%

0

0%

0

Decreasess by transfers

OK2

334

-98.8 %

28,888

-3.6 %

29,958

Gross value at the end of period

OL

522,553

20.3 %

434,467

11.8 %

388,690

 

 

Research and development Charge (Total I)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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%

0

0%

0

 

 

Other budget item from Intangible fixed assets (Total II)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Gross value at begin of period

KD

129,535

11.6 %

116,076

8.1 %

107,398

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

32,912

82.5 %

18,030

97.9 %

9,111

Decreasess by budget item transfer

LV1

0

0%

0

0%

0

Decreasess by transfers

LV2

0

0%

4,571

958.1 %

432

Gross value at the end of period

LW

162,447

25.4 %

129,535

11.6 %

116,076

 

 

Tangible fixed assets (Total III)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Gross value at begin of period

LN

266,909

11.8 %

238,773

3.2 %

231,432

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

51,149

-2.5 %

52,454

42.3 %

36,867

Decreasess by budget item transfer

NG1

0

0%

0

0%

0

Decreasess by transfers

NG2

334

-98.6 %

24,317

-17.6 %

29,526

Gross value at the end of period

NH

317,724

19.0 %

266,910

11.8 %

238,773

 

 

Financial assets (Total IV)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Gross value at begin of period

LQ

38,023

12.4 %

33,840

13.5 %

29,815

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

4,357

4.2 %

4,183

3.9 %

4,025

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

0

0%

0

0%

0

Gross value at the end of period

NK

42,381

11.5 %

38,023

12.4 %

33,840

 

 

Reserve for depreciation

 

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

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Reserve for depreciation value at begin of period

ON

253,916

7.9 %

235,274

4.9 %

224,280

Increases

OP

54,153

13.9 %

47,531

16.1 %

40,952

Decreasess

OQ

306

-98.9 %

28,890

-3.6 %

29,958

Reserve for depreciation value at the end of period

OR

307,763

21.2 %

253,915

7.9 %

235,274

 

 

Research and development charge (Total I)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Reserve for depreciation value at begin of period

PE

77,351

20.4 %

64,239

30.6 %

49,180

Increases

PF

23,945

35.4 %

17,683

14.1 %

15,492

Decreasess

PG

0

0%

4,571

958.1 %

432

Decreasess by budget item transfer

PH

101,296

31.0 %

77,351

20.4 %

64,239

 

 

Total fixed assets amotisation (Total III)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Reserve for depreciation value at begin of period

QU

176,565

3.2 %

171,035

-2.3 %

175,101

Increases

QV

30,208

1.2 %

29,848

17.2 %

25,460

Decreases

QW

306

-98.7 %

24,319

-17.6 %

29,526

Decreasess by budget item transfer

QX

206,467

16.9 %

176,564

3.2 %

171,035

 

 

Movements during period affecting charge allocated over several period

 

Deferred charges and debt issuance costs

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Value at begining of period

7C

144,197

-7.6 %

156,089

45.1 %

107,545

Increases

UB

12,062

0%

0

0%

48,544

Decreases

UC

12,062

1.4 %

11,892

0%

0

Value at the end of period

UD

144,197

0%

144,197

-7.6 %

156,089

 

 

Includes Total allocations

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Operating

UE

12,062

0%

0

0%

48,544

Financial

UG

0

0%

0

0%

0

Exceptional

UJ

0

0%

0

0%

0

 

 

Includes Total Withdrawal

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Operating

UF

12,062

1.4 %

11,892

0%

0

Financial

UH

0

0%

0

0%

0

Exceptional

UK

0

0%

0

0%

0

 

 

Total regulated provisions (Total I)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Value at begining of period

5Z

144,197

0%

144,197

34.1 %

107,545

Increases

TV

12,062

0%

0

0%

36,652

Decreases

TW

12,062

0%

0

0%

0

Value at the end of period

TX

144,197

0%

144,197

0%

144,197

 

 

Total Provision for depreciation (Total III)

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Value at begining of period

7B

0

0%

11,892

0%

0

Increases

TY

0

0%

0

0%

11,892

Decreases

TZ

0

0%

11,892

0%

0

Value at the end of period

UA

0

0%

0

0%

11,892

 

 

State deadlines claims and debts at the end of period

 

State claims

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Gross value

VT

50,562,527

4.5 %

48,368,650

87.2 %

25,839,893

1 year at most

VU

50,562,527

4.6 %

48,330,627

87.3 %

25,806,053

More than one year

VV

0

0%

38,023

12.4 %

33,840

 

 

State of loans

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

40,094

12.2 %

35,736

13.3 %

31,553

Loans (1 year at most)

UR

40,094

0%

0

0%

0

Other financial assets (gross)

UT

2,287

0%

2,287

0%

2,287

Other financial assets (1 year at most)

UV

2,287

0%

0

0%

0

 

 

Receivables statement of assets

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Customers doubtful or disputed

VA

0

0%

0

0%

0

Other claims customer

UX

41,685,571

-9.5 %

46,080,703

83.4 %

25,118,976

Receivables represent Loaned Securities

UU

0

0%

0

0%

0

Provision for depreciation previously established

UQ

0

0%

0

0%

0

Personnel and associated accounts

UY

0

0%

0

0%

0

Social Security and other social organizations

UZ

0

0%

0

0%

0

Income taxes

VM

4,175

-80.8 %

21,785

40.4 %

15,511

Value added tax

VB

1,821,988

-18.0 %

2,221,447

254.0 %

627,502

Other taxes and payments assimilated

VN

0

0%

0

0%

0

State and other public - Miscellaneous

VP

0

0%

0

0%

0

Group and Associates

VC

7,000,000

0%

0

0%

0

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

VR

0

0%

469

0%

0

 

 

Prepaid

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Prepaid

VS

8,413

35.2 %

6,223

-85.9 %

44,064

 

 

State Debt

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Total debt (gross)

VY

51,193,366

5.3 %

48,632,833

88.0 %

25,869,261

1 year at most

VZ2

51,193,366

5.3 %

48,625,633

88.0 %

25,869,261

More than 1 year and 5 years at most

VZ3

0

0%

7,200

0%

0

More than 5 years

VZ4

0

0%

0

0%

0

 

 

Details

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

19,543,920

305.0 %

4,825,856

133.4 %

2,067,875

1 year at most

VG2

19,543,920

305.0 %

4,825,856

133.4 %

2,067,875

More than 1 year and 5 years at most

VG3

0

0%

0

0%

0

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

VH1

0

0%

0

0%

0

1 year at most

VH2

0

0%

0

0%

0

More than 1 year and 5 years at most

VH3

0

0%

0

0%

0

Loans and various financial liabilities (gross)

8A1

7,200

0%

7,200

-81.4 %

38,640

1 year at most

8A2

7,200

0%

0

0%

38,640

More than 1 year and 5 years at most

8A3

0

0%

7,200

0%

0

Suppliers and associated accounts (gross)

8B1

31,285,471

-27.9 %

43,363,840

86.1 %

23,295,504

1 year at most

8B2

31,285,471

-27.9 %

43,363,840

86.1 %

23,295,504

More than 1 year and 5 years at most

8B3

0

0%

0

0%

0

Personnel and associated accounts (gross)

8C1

122,484

11.3 %

110,036

6.6 %

103,262

1 year at most

8C2

122,484

11.3 %

110,036

6.6 %

103,262

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

189,835

11.2 %

170,720

4.3 %

163,629

1 year at most

8D2

189,835

11.2 %

170,720

4.3 %

163,629

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

26,681

-65.3 %

76,938

69.8 %

45,304

1 year at most

VW2

26,681

-65.3 %

76,938

69.8 %

45,304

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

11,032

-43.0 %

19,364

18.4 %

16,356

1 year at most

VQ2

11,032

-43.0 %

19,364

18.4 %

16,356

More than 1 year and 5 years at most

VQ3

0

0%

0

0%

0

Assets and liabilities associated accounts (gross)

8J1

0

0%

0

0%

0

1 year at most

8J2

0

0%

0

0%

0

More than 1 year and 5 years at most

8J3

0

0%

0

0%

0

More than 5 years

8J4

0

0%

0

0%

0

Groups and associates (gross)

VI1

0

0%

0

0%

0

1 year at most

VI2

0

0%

0

0%

0

More than 1 year and 5 years at most

VI3

0

0%

0

0%

0

More than 5 years

V14

0

0%

0

0%

0

Other liabilities (gross)

8K1

2,786

-95.3 %

58,879

-57.5 %

138,691

1 year at most

8K2

2,786

-95.3 %

58,879

-57.5 %

138,691

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

3,957

0%

0

0%

0

1 year at most

8L2

3,957

0%

0

0%

0

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

 

 

References

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Dividends

ZE

0

0%

0

0%

0

 

 

Commitments

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

 

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

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

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Average number of employees

YP

0

0%

0

0%

0

 

 

Groups and Shareholders

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Groups and Shareholders

ZR

-

-

-

-

-

 

 

Ratios

 

Structure and Liquidity

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Fixed Asset Financing

38.41

215.1 %

12.19

85.8 %

6.56

1.54

2394.2 %

Global Debt

59 days

-34.4 %

90 days

40.6 %

64 days

65 days

-9.2 %

Working Capital Fund overall net

23 days

155.6 %

9 days

80.0 %

5 days

22 days

4.5 %

Financial independence

0.35 %

-74.5 %

1.37 %

-55.4 %

3.07 %

223.14 %

-99.8 %

Solvability

0.13 %

-7.1 %

0.14 %

-44.0 %

0.25 %

30.98 %

-99.6 %

Capacity debt futures

0.35 %

-74.6 %

1.38 %

-55.9 %

3.13 %

895.13 %

-100.0 %

Coverage of current assets by net working capital overall

38.19 %

282.3 %

9.99 %

19.6 %

8.35 %

28.88 %

32.2 %

General Liquidity

0.99

0%

0.99

-1.0 %

1.00

0.86

15.1 %

Restricted Liquidity

1.00

0%

1.00

0%

1.00

1.08

-7.4 %

 

 

Management or rotation

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Need background in operating working capital

22 days

144.4 %

9 days

80.0 %

5 days

10 days

120.0 %

Treasury

1 days

0%

0 days

0%

0 days

7 days

-85.7 %

Inventory turnover of goods

0 days

0%

0 days

0%

0 days

7 days

0%

Average length of credit granted to customers

48 days

-43.5 %

85 days

37.1 %

62 days

43 days

11.6 %

Average length of credit obtained suppliers

36 days

-55.6 %

81 days

39.7 %

58 days

43 days

-16.3 %

Inventory turnover of raw materials in industrial enterprises

1,132 days

20.9 %

936 days

-47.7 %

1,789 days

1 days

113100.0 %

Inventory turnover of intermediate and finished products in the industrial enterprise

97,832 days

34.2 %

72,891 days

18.8 %

61,345 days

879 days

11029.9 %

Rotation tangible assets

97,831.99 %

34.2 %

72,890.65 %

18.8 %

61,344.60 %

1,360.51 %

7090.8 %

 

 

Profitability of the business

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Margin trading

-96.71 %

0.2 %

-96.94 %

-0.5 %

-96.49 %

14.71 %

-757.4 %

Profitability of the business

0.01 %

-50.0 %

0.02 %

-77.8 %

0.09 %

1.51 %

-99.3 %

Net profit

0.00 %

0%

0.00 %

0%

0.01 %

0.69 %

0%

Growth rate of turnover (excluding VAT)

59.77 %

82.1 %

32.82 %

2244.3 %

1.40 %

7.58 %

688.5 %

Rates integration

0.43 %

-45.6 %

0.79 %

-33.1 %

1.18 %

9.99 %

-95.7 %

Rate leasing furniture

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Work Factor

123.71 %

19.1 %

103.88 %

19.8 %

86.68 %

66.96 %

84.8 %

Weight interests

0.32 %

113.3 %

0.15 %

7.1 %

0.14 %

0.13 %

146.2 %

 

 

Return on capital

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Cash flow from the overall profitability

0.01 %

-50.0 %

0.02 %

-50.0 %

0.04 %

1.16 %

-99.1 %

Rates of economic profitability

0.00 %

0%

1.00 %

-83.3 %

6.00 %

11.50 %

0%

Financial profitability

67,644.00 %

1.9 %

66,395.00 %

2.6 %

64,688.00 %

260,827.50 %

-74.1 %

Return on investment

5.04 %

-15.7 %

5.98 %

-39.5 %

9.89 %

7.34 %

-31.3 %

 

 

Management intermediate balances

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Turnover

310,835,704

59.8 %

194,552,433

32.8 %

146,474,339

3,318,944

9265.5 %

 

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Sales of goods

2,600

214.0 %

828

0%

0

-

- Purchase of goods

300,626,078

59.3 %

188,674,941

33.4 %

141,414,970

-

+/- Stock of goods variation

-26,625

62.3 %

-70,595

7.5 %

-76,349

-

Trading margin

-300,596,853 €

-59.4 %

-188,603,518 €

-33.4 %

-141,338,621 €

304,713 €

-98749.2 %

-96.71 % CA

0.2 %

-96.94 % CA

-0.5 %

-96.49 % CA

14.73 % CA

-756.6 %

 

 

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Sale of goods produced

310,833,104

59.8 %

194,551,605

32.8 %

146,474,339

-

+/- Stocked production

0

0%

0

0%

0

-

+ Self-constructed assets

0

0%

0

0%

0

-

Period production

310,833,104 €

59.8 %

194,551,605 €

32.8 %

146,474,339 €

29,680 €

1047199.0 %

100.00 % CA

0%

100.00 % CA

0%

100.00 % CA

1.00 % CA

9900.0 %

 

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Trading margin

-300,596,853

-59.4 %

-188,603,518

-33.4 %

-141,338,621

304,713

-98749.2 %

+ Period Production

310,833,104

59.8 %

194,551,605

32.8 %

146,474,339

29,680

1047199.0 %

- Purchase of raw materials

18,564

-21.2 %

23,544

273.4 %

6,305

-

+/- Change in stocks of raw materiels

2,844

109.5 %

-29,870

-275.0 %

17,073

-

- Other external purchases and charges

8,882,541

100.7 %

4,424,890

30.8 %

3,382,978

-

Added value

1,332,302 €

-12.9 %

1,529,523 €

-11.6 %

1,729,362 €

254,868 €

422.7 %

0.43 % CA

-45.6 %

0.79 % CA

-33.1 %

1.18 % CA

9.99 % CA

-95.7 %

 

 

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Added value

1,332,302 €

-12.9 %

1,529,523 €

-11.6 %

1,729,362 €

254,868 €

422.7 %

+ Operating grants

485,100

111.6 %

229,243

1797.1 %

12,084

-

- Tax, duty and similar payments

129,236

4.9 %

123,183

14.3 %

107,809

-

- Personal charges

1,648,242

3.7 %

1,588,912

6.0 %

1,498,946

-

Gross operating surplus

39,924 €

-14.5 %

46,671 €

-65.3 %

134,691 €

37,338 €

6.9 %

0.01 % CA

-50.0 %

0.02 % CA

-77.8 %

0.09 % CA

1.51 % CA

-99.3 %

 

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Gross operating surplus

39,924 €

-14.5 %

46,671 €

-65.3 %

134,691 €

37,338 €

6.9 %

+ Release of reserves and provisions

20,843

49.6 %

13,932

1998.2 %

664

-

+ Other operating income

6

50.0 %

4

-33.3 %

6

-

- Depreciation/ Amortisation

54,153

13.9 %

47,531

-46.9 %

89,496

-

- Other charges

12,062

0%

0

0%

0

-

Operating result

-5,442 €

-141.6 %

13,076 €

-71.5 %

45,865 €

21,436 €

-125.4 %

0.00 % CA

0%

0.01 % CA

-66.7 %

0.03 % CA

0.82 % CA

0%

 

 

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Operating result

-5,442 €

-141.6 %

13,076 €

-71.5 %

45,865 €

21,436 €

-125.4 %

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

0

0%

0

0%

0

-

+ Financial income

992,160

249.8 %

283,625

42.5 %

199,007

-

- Financial charges

988,231

239.3 %

291,271

44.0 %

202,210

-

Pre-tax result

-1,513 €

-127.9 %

5,430 €

-87.3 %

42,662 €

19,836 €

-107.6 %

0.00 % CA

0%

0.00 % CA

0%

0.03 % CA

0.80 % CA

0%

 

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Extraordinary income

114,587

53.7 %

74,575

-32.7 %

110,853

2,547

4398.9 %

- Extraordinary charges

108,772

52.5 %

71,337

-37.3 %

113,717

-

Extraordinary result

5,815 €

79.6 %

3,238 €

213.1 %

-2,864 €

0 €

0%

0.00 % CA

0%

0.00 % CA

0%

0.00 % CA

0.00 % CA

0%

 

 

 

31/12/2008

Variation

31/12/2007

Variation

31/12/2006

Sector Median 2008

Pre-tax result

-1,513 €

-127.9 %

5,430 €

-87.3 %

42,662 €

19,836 €

-107.6 %

Extraordinary result

5,815 €

79.6 %

3,238 €

213.1 %

-2,864 €

0 €

0%

- Employee profit sharing

0

0%

0

0%

0

-

- Tax on profits

3,053

-56.1 %

6,960

-74.5 %

27,278

-

Net result

1,249 €

-26.9 %

1,708 €

-86.4 %

12,520 €

19,758 €

-93.7 %

0.00 % CA

0%

0.00 % CA

0%

0.01 % CA

0.70 % CA

0%

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.32

UK Pound

1

Rs.98.99

Euro

1

Rs.72.13

EUR

1

Rs.72.35

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

ANK

 


 

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.