MIRA INFORM REPORT

 

 

Report No. :

356494

Report Date :

23.12.2015

           

IDENTIFICATION DETAILS

 

Name :

SERGE FERRARI SAS

 

 

Registered Office :

Zi De La Tour Du Pin Zone Industrielle 38110 Saint Jean De Soudain

 

 

Country :

France

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

January 1993

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Manufacture of other technical and industrial textiles.

 

 

No. of Employee :

336 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No complaints

 

 

Litigation :

Clear

 

 

NOTES :

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

 

 

ECGC Country Risk Classification List – 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

SERGE FERRARI SAS

Acronym

T.E.S.F.

Trade name

-

Status

Economically active

Postal Address

SERGE FERRARI SAS
T.E.S.F.
ZI DE LA TOUR DU PIN
ZONE INDUSTRIELLE
38110 SAINT JEAN DE SOUDAIN

Share Capital

14,169,170 Euros

Telephone

09 60 35 30 14

Activity (APE) 

Manufacture of other technical and industrial textiles (1396Z)

RCS Registration

RCS Vienne B 300 821 873

Formation Date

01/1993

EUR VAT Number

FR38300821873

Deregistration Date

-

Last account Date

31/12/2014

Court Registry Number

19 7 3B80068

Incorporiation Date

12/1973

Registration Court

Vienne (38)

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

31/12/2014

127,547,128 €

8.59% Turnover

38,317,647 €

3,620,632 €

336 employees

31/12/2013

122,210,019 €

5.77% Turnover

26,755,066 €

2,840,210 €

150 employees

31/12/2007

124,846,906 €

3.98% Turnover

12,165,315 €

1,619,680 €

127 employees

 

 

Trends

 

Profitability

Liquidity

Net Worth

 

 

Directors

 

Current Directors

7

 

 

Ultimate Holding Company

 

Name

Country

Company Number

FERRARI PARTICIPATIONS

538192550

Affiliation links.

 

 

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

1396Z

Activity

Manufacture of other technical and industrial textiles

Formation Date

01/1993

Reason for Formation

Formation

Closure Date

-

Reason for Closure

Other

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

Other

Trading Address

ZONE INDUSTRIELLE
38110 SAINT JEAN DE SOUDAIN

Department

Isère (38)

Location Surface

-

District

2

City

SAINT JEAN DE SOUDAIN

Status

Economically active

Business Pages FT®

-

Region

Rhône-Alpes

Area

33

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

FERRARI PARTICIPATIONS

 
Activities of head offices

7010Z

SAINT JEAN DE SOUDAIN

38110

 

 

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

5 branch entities in this company

 

 

Company Name

Company Type

APE/NAF Code

Activity

City

Post Code

SERGE FERRARI SAS

Head Office

1396Z

Manufacture of other technical and industrial textiles

SAINT JEAN DE SOUDAIN

38110

SERGE FERRARI SAS

Branch

1396Z

Manufacture of other technical and industrial textiles

ROCHETOIRIN

38110

SERGE FERRARI SAS

Branch

1396Z

Manufacture of other technical and industrial textiles

ROCHETOIRIN

38110

SERGE FERRARI SAS

Branch

1396Z

Manufacture of other technical and industrial textiles

SAINT JEAN DE SOUDAIN

38110

SERGE FERRARI SAS

Branch

1396Z

Manufacture of other technical and industrial textiles

SAINT JEAN DE SOUDAIN

38110

 

 

Workforces

 

Workforce at address

100 to 199 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 shareholder's equity is 38,317,647 €

The creditor days are 38.76

The increase of tangible fixed assets over the last two accounting periods is 208 %

The liabilities are 42,078,122 €

The net current assets are 62,108,463 €

The net turnover is 127,547,128 €

The pre-tax profit is 5,212,469 €

The risk provisions are 957,546 €

The total assets are 81,611,005 €

The company has 7 directors

Industry code with low risk rating

Department code with low risk rating

The sales to current assets ratio is 2.05

The ratio total assets to total liabilities is 1.90

The return on total assets employed is 6.39

High risk workforce size

The stock to turnover ratio is 18.39

The increase in the gearing percentage over the last two accounting periods is 200 %

 

 

Industry comparison

 

Activity (APE)

Manufacture of other technical and industrial textiles (1396Z)

Industry average credit rating

49

Industry average credit limit

78,871

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

Summary of preferential rights

 

Company monitored since

25/02/2010

Status of Monitoring

No social security and tax office preferential right to date

 

 

Group Data

 

Ultimate parent company

FERRARI PARTICIPATIONS

Direct parent

SERGEFERRARI GROUP - 99.8 %

Group – Number of companies

20

Linkages – Number of companies

-

Number of countries

-

 

 

Name

SIREN

Parts

Last account published

1

FERRARI PARTICIPATIONS

538192550

-

31/12/2014

2

FERRIMMO

444484208

100 %

31/12/2014

3

IMMOBILIERE FERRARI

399130574

100 %

31/12/2014

SRF

383353877

100 %

-

LA ROCHE

401693593

100 %

-

SCI LES SETIVES

411400187

100 %

-

2

SERGEFERRARI GROUP

382870277

78 %

31/12/2014

3

SERGE FERRARI SAS

300821873

99.80 %

31/12/2014

4

SERGE FERRARI AG

-

100 %

-

SERGE FERRARI NORTH AMERICA, INC.

-

100 %

-

FERRARI LATINO AMERICA S.A.

-

100 %

-

SERGE FERRARI ASIA PACIFIC

-

100 %

-

SERGE FERRARI BRASIL SA

-

16.88 %

-

SERGE FERRARI JAPON

-

83 %

-

3

FERFIL MULTIFILS SA

-

100 %

-

4

SERGE FERRARI TERSUISSE

-

100 %

-

SERGE FERRARI AG

-

100 %

-

3

TEXYLOOP

450222120

100 %

31/12/2014

4

VINYLOOP FERRARA S.P.A.

-

40 %

-

CI2M

335322525

100 %

31/12/2014

VR DEVELOPPEMENT

438860843

20.10 %

31/12/2014

SERGE FERRARI BRASIL SA

-

83.12 %

-

SIBAC

-

18.06 %

-

2FB2I

530380948

5 %

31/12/2014

 

 

Linkages

 

No Linkages information available for the company.

 

 

Shareholder(s)

 

Name

FERRARI PARTICIPATIONS

Name of representative

Manager position

President

Date of birth

-

Place of birth

Type

Moral person

Name at birth

 

 

Director(s)

 

Name

M. FERRARI ROMAIN

Manager position

Managing director

Date of birth

21/12/1960

Place of birth

LYON(69)

Type

Individual

Name at birth

Name

M. FERRARI SÉBASTIEN

Manager position

Managing director

Date of birth

26/02/1959

Place of birth

LYON(69)

Type

Individual

Name at birth

 

 

Statutory Auditor

 

Name

MAZARS

Name of representative

Manager position

Statutory auditor

Date of birth

-

Place of birth

Type

Moral person

Name at birth

Name

CABINET MARTINE CHABERT

Name of representative

Manager position

Statutory auditor

Date of birth

-

Place of birth

Type

Moral person

Name at birth

 

Name

M. BIETRIX OLIVIER

Manager position

Deputy auditor

Date of birth

-

Place of birth

Type

Individual

Name at birth

Name

M. VAURY DIDIER

Manager position

Deputy auditor

Date of birth

-

Place of birth

Type

Individual

Name at birth

 

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

President

M. FERRARI SEBASTIEN

-

President

SERGEFERRARI GROUP

-

Managing director

M. FERRARI ROMAIN

-

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

08/06/2015

Bodacc C

Comptes annuels et rapports

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

3206 - 300821873 RCS. Serge Ferrari SAS. Forme : Société par Actions Simplifiée. Adresse : ZI DE LA TOUR DU PIN 38110 Saint-Jean-de-Soudain. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2014.

25/06/2014

Bodacc B

Modification et mutation diverse

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

1850 - 300 821 873 RCS Vienne. SERGE FERRARI SAS. Forme : Société par Actions Simplifiée. Sigle : T.E.S.F. Administration : CHABERT Martine nom d'usage : CHABERT n'est plus commissaire aux comptes titulaire. Société à responsabilité limitée CABINET MARTINE CHABERT devient commissaire aux comptes titulaire. CABINET COGEM AUDIT n'est plus commissaire aux comptes suppléant. VAURY Didier nom d'usage : VAURY devient commissaire aux comptes suppléant. Capital : 14169170 EUR. Activité : Conception, fabrication, distribution de matériaux composites souples et systèes attachés et leur recyclage.
Commentaires : Sociétés ayant participé à l'opération de fusion : PRECONTRAINT FERRARI Sté par actions simplifiée RCS B 388374829, ZI 38110 SAINT-JEAN-DE-SOUDAIN. Modification du capital. Modification de l'administration. Modification de l'activité.

14/06/2014

Bodacc C

Comptes annuels et rapports

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

4340 - 300821873 RCS. Serge Ferrari SAS. Forme : Société par Actions Simplifiée. Adresse : ZI DE LA TOUR DU PIN 38110 Saint-Jean-de-Soudain. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

30/05/2014

JAL

Modification of the share capital

Essor (L')/Edition de l'Isère


Date de décision : 30/04/2014
La société : 300821873 - SERGE FERRARI SAS, ZONE INDUSTRIELLE, ZI DE LA TOUR DU PIN, 38110 SAINT JEAN DE SOUDAIN a subi une augmentation de son capital social désormais de 14 169 170 €
Date d'effet : 18/03/2014

10/07/2013

Bodacc B

Modification et mutation diverse

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

1763 - 300 821 873 RCS Vienne. SERGE FERRARI SAS. Forme : Société par Actions Simplifiée. Sigle : T.E.S.F. Administration : SA à conseil d'administration MAZARS devient commissaire aux comptes titulaire. BIETRIX Olivier nom d'usage : BIETRIX devient commissaire aux comptes suppléant. Activité : .
Commentaires : Modification de l'administration.

27/12/2012

Bodacc B

Modification et mutation diverse

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

1730 - 300 821 873 RCS Vienne. SERGE FERRARI SAS. Forme : Société par Actions Simplifiée. Sigle : T.E.S.F. Capital : 12964510 EUR. Activité : .
Commentaires : Modification du capital.

07/12/2012

JAL

Modification of the share capital

Essor (L')/Edition de l'Isère


Date de décision : 29/10/2012
La société : 300821873 - SERGE FERRARI SAS, ZONE INDUSTRIELLE, ZI DE LA TOUR DU PIN, 38110 SAINT JEAN DE SOUDAIN a subi une augmentation de son capital social désormais de 12 964 510 €
Date d'effet : 29/10/2012

25/01/2012

Bodacc B

Modification et mutation diverse

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

1431 - 300 821 873 RCS Vienne. SERGE FERRARI SAS. Forme : Société par Actions Simplifiée. Sigle : T.E.S.F. Administration : FERRARI Sébastien nom d'usage : FERRARI devient directeur général. Sté par actions simplifiée SergeFerrari Group n'est plus président. Sté par actions simplifiée FERRARI PARTICIPATIONS devient président. Activité : .
Commentaires : Modification de l'administration.

11/01/2012

Bodacc B

Modification et mutation diverse

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

1709 - 300 821 873 RCS Vienne. SERGE FERRARI SAS. Forme : Société par Actions Simplifiée. Sigle : T.E.S.F. Administration : FERRARI Sébastien nom d'usage : FERRARI n'est plus président. Sté par actions simplifiée SergeFerrari Group devient président. Activité : .
Commentaires : Modification de l'administration.

06/01/2012

JAL

Appointment of the social representative

Essor (L')/Edition de l'Isère


Société faisant l'objet d'une nomination : 300821873 - SERGE FERRARI SAS, ZONE INDUSTRIELLE, ZI DE LA TOUR DU PIN, 38110 SAINT JEAN DE SOUDAIN
Nominé :
En la fonction de : Président
Nominé : Monsieur Romain FERRARI, 38110 LA TOUR DU PIN
En la fonction de : Directeur général
Nominé : Monsieur Sébastien FERRARI, 38110 LA TOUR DU PIN
En la fonction de : Directeur général
Date d'effet : 01/01/2012

06/01/2012

JAL

Resignation / Revocation of the social representative

Essor (L')/Edition de l'Isère


Date de décision : 19/12/2011
La société 300821873 - SERGE FERRARI SAS, ZONE INDUSTRIELLE, ZI DE LA TOUR DU PIN, 38110 SAINT JEAN DE SOUDAIN
Fait l'objet du départ de Non renseignée SergeFerrari Group
Date d'effet : 01/01/2012

16/12/2011

JAL

Appointment of the social representative

Essor (L')/Edition de l'Isère


Société faisant l'objet d'une nomination : 300821873 - SERGE FERRARI SAS, ZONE INDUSTRIELLE, ZI DE LA TOUR DU PIN, 38110 SAINT JEAN DE SOUDAIN
Nominé :
En la fonction de : Président
Date d'effet : 30/06/2011

16/12/2011

JAL

Resignation / Revocation of the social representative

Essor (L')/Edition de l'Isère


Date de décision : 30/06/2011
La société 300821873 - SERGE FERRARI SAS, ZONE INDUSTRIELLE, ZI DE LA TOUR DU PIN, 38110 SAINT JEAN DE SOUDAIN
Fait l'objet du départ de Monsieur Sébastien FERRARI
Date d'effet : 30/06/2011

19/06/2011

Bodacc B

Modification et mutation diverse

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

527 - 300 821 873 RCS Vienne. SERGE FERRARI SAS. Forme : Société par Actions Simplifiée. Sigle : T.E.S.F. Activité : .
Commentaires : Modification de la dénomination.

29/10/2009

Bodacc B

Modification et mutation diverse

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

1114 - 300 821 873 RCS Vienne. TISSAGE ET ENDUCTION SERGE FERRARI SA. Forme : Société par Actions Simplifiée. Sigle : T.E.S.F. Administration : NOVENT Alain nom d'usage : NOVENT Alain n'est plus commissaire aux comptes titulaire. MICHAUX Jean Paul nom d'usage : MICHAUX Jean n'est plus commissaire aux comptes suppléant.
Commentaires : Modification de l'administration.

03/11/2007

Bodacc C

Avis de dépôt des comptes

353 - Bourgoin-Jallieu B 300 821 873. RC 73-B 68. TISSAGE ET ENDUCTION SERGE FERRARI S.A.. Forme: S.A.S. Adresse du siège social: Z.I. de La Tour-du-Pin,38110 Saint-Jean-de-Soudain. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

01/08/2006

Bodacc C

Avis de dépôt des comptes

920 - RCS Bourgoin-Jallieu B 300 821 873. RC 73-B 68. TISSAGE ET ENDUCTION SERGE FERRARI S.A.. Forme: S.A.S. Adresse du siège social: Z.I. de La Tour-du-Pin,38110 Saint-Jean-de-Soudain. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

29/07/2005

Bodacc C

Avis de dépôt des comptes

556 - RCS Bourgoin-Jallieu B 300 821 873. RC 73-B 68. TISSAGE ET ENDUCTION SERGE FERRARI S.A.. Forme: S.A.S. Adresse du siège social: Z.I. de La Tour-du-Pin,38110 Saint-Jean-de-Soudain. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

11/12/2003

Bodacc B

Modifications et mutations diverses

RCS Bourgoin-Jallieu 300821873 RC 73-B 68 TISSAGE ET ENDUCTION SERGE FERRARI S. A. Sigle : TESF. Forme : S.A.S. Capital : 3 521 600 euros. Adresse du siège social : Z.I. de la Tour du Pin, 38110 Saint- Jean-de-Soudain. Commentaires : apport à titre de fusion par la STE LOGISTIQUE FERRARI S.A.S. Modification survenue sur le capital en rémunération de cet apport (augmentation). Date d'effet : 30 juin 2003.

25/09/2002

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Bourgoin-Jallieu 300821873 RC 73-B 68 TISSAGE ET ENDUCTION SERGE FERRARI S.A. Sigle : TESF. Forme : S.A. Capital : 2 000 000 d'euros. Adresse : Z.I. de la Tour du Pin, 38110 Saint-Jean-de-Soudain. Administration : nomination d'un président : FERRARI (Sébastien), ancien P.-D.G et administrateur. Nomiantion d' un directeur général : FERRARI (Romain), ancien directeur général et administrateur. Anciens administrateurs FERRARI (Serge) et FERRARI (Mireille) Nouvelle situation du siège social. Capital : S.A.S. Date d'effet : 30 mai 2002.

03/07/2001

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Bourgoin-Jallieu B 300821873 RC 73-B 68 TISSAGE ET ENDUCTION SERGE FERRARI S.A. Sigle : T.E.S.F. Forme : S.A. Capital : 5 000 000 de F. Adresse : Z.I. de la Tour du Pin, 38110 Saint-Jean-de-Soudain Nouvelle situation du siège social. Capital : 2 000 000 d'euros. Date d'effet : 25 avril 2001.

20/05/1999

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Bourgoin-Jallieu B 300 821 873 RC 73-B 68 TISSAGE ET ENDUCTION SERGE FERRARI S. A. Forme : S.A. Capital : 5 000 000 de F ( fixe). Adresse : zone industrielle de la Tour-du-Pin, 38110 Saint-Jean-de- Soudain Nouvelle situation du siège social. Sigle : T.E.S.F. Administration : ancien administrateur : Mme ARENE, née VERRIEN (Geneviève), décédée ancien commissaire aux comptes titulaire : CABINET GREPT ET ASSOCIES nouveau commissaire aux comptes titulaire : NOVENT (Alain) nouveau co-commissaire aux comptes titulaire : Mme CHABERT ( Martine) nouveau co-commissaire aux comptes suppléant : CABINET COGEM AUDIT. Date d'effet : 25 février 1999.

25/07/1997

Bodacc B

Modifications et mutations diverses

RCS Bourgoin-Jallieu B 300 821 873 RC 73-B 68 TISSAGE ET ENDUCTION SERGE FERRARI S.A. Forme : S.A. Capital : 5 000 000 de F (fixe). Adresse du siège social : zone industrielle de La Tour-du-Pin, 38110 Saint-Jean-de-Soudain. Administration : nouvel administrateur : VERRIEN, épouse ARENE (Geneviève). Date d'effet : 18 avril 1997.

15/06/1996

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Bourgoin-Jallieu B 300821873 RC 73-b 68 Tissage et enduction Serge Ferrari S.A. Forme : S.A. Capital : 1 000 000 de F ( fixe). Adresse : zone industrielle de La Tour-du-Pin, 38110 Saint-Jean-de- Soudain Nouvelle situation du siège social. Capital : 5 000 000 de F. Date d'effet : 16avril1996.

 

 

Company events history

 

Date

Description

16/06/2015

16/06/2015

16/06/2015

Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness

08/06/2015

Bodacc C : Deposit accounts notice

31/12/2014

New accounts available

25/06/2014

Bodacc B: Various editing or changing

14/06/2014

Bodacc C : Deposit accounts notice

06/06/2014

New participations in other companies

06/06/2014

New subsidiarie(s) detected

05/06/2014

05/06/2014

05/06/2014

Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness

02/06/2014

Declaration of conformity

02/06/2014

Minutes of general meeting of shareholders

02/06/2014

Updated articles of association

02/06/2014

Merger

30/04/2014

Other modification of Establishment

30/04/2014

Legal Gazette: Modification of the share capital

18/04/2014

Audit or Management Report

11/01/2014

11/01/2014

04/01/2014

04/01/2014

31/12/2013

New accounts available

14/10/2013

14/10/2013

02/08/2013

New subsidiarie(s) detected

02/08/2013

New ultimate parent

02/08/2013

New parent detected

10/07/2013

Bodacc B: Various editing or changing

21/06/2013

Minutes of general meeting of shareholders

27/12/2012

Bodacc B: Various editing or changing

13/12/2012

Updated articles of association

13/12/2012

Minutes of general meeting of shareholders

13/12/2012

Audit or Management Report

13/12/2012

Amendment

29/10/2012

Legal Gazette: Modification of the share capital

25/01/2012

Bodacc B: Various editing or changing

11/01/2012

Bodacc B: Various editing or changing

10/01/2012

Updated articles of association

10/01/2012

Amendment

06/01/2012

Legal Gazette: Resignation / Revocation of the social representative

19/12/2011

Minutes of general meeting of shareholders

19/12/2011

Legal Gazette: Appointment of the social representative

16/12/2011

Legal Gazette: Resignation / Revocation of the social representative

30/06/2011

Legal Gazette: Appointment of the social representative

19/06/2011

Bodacc B: Various editing or changing

24/05/2011

Updated articles of association

24/05/2011

Minutes of general meeting of shareholders

27/04/2011

Update of Company Name

27/04/2011

Modification to Company Identifier

25/02/2010

Collection of preferential rights activated for this company

29/10/2009

Bodacc B: Various editing or changing

12/10/2009

Minutes of general meeting of shareholders

18/06/2008

Payment incident closed

29/04/2008

Payment incident detected

31/12/2007

New accounts available

31/12/2006

New accounts available

31/12/2005

New accounts available

31/12/2004

New accounts available

31/12/2003

New accounts available

04/11/2003

Updated articles of association

04/11/2003

Declaration of conformity

04/11/2003

Private document

04/11/2003

Minutes of general meeting of shareholders

18/06/2003

Audit or Management Report

18/06/2003

Private document

12/05/2003

Planned merger

12/05/2003

Amendment

12/05/2003

Private document

27/08/2002

Amendment

27/08/2002

Appointment/resignation of company officers

27/08/2002

Audit or Management Report

27/08/2002

Minutes of general meeting of shareholders

27/08/2002

New legal form – no new category

27/08/2002

Updated articles of association

27/08/2002

Private document

13/06/2001

Private document

13/06/2001

Minutes of general meeting of shareholders

13/06/2001

Conversion of equity to euro

13/06/2001

Capital increase

13/06/2001

Updated articles of association

02/07/1999

Private document

02/07/1999

Amendment

28/04/1999

Private document

28/04/1999

New auditor

28/04/1999

Minutes of Board meeting

28/04/1999

Appointment/resignation of company officers

28/04/1999

Amendment

28/04/1999

Minutes of general meeting of shareholders

09/06/1997

Private document

09/06/1997

Changes to the Board of Directors

09/06/1997

Appointment/resignation of company officers

09/06/1997

Minutes of general meeting of shareholders

28/05/1996

Updated articles of association

28/05/1996

Minutes of general meeting of shareholders

01/01/1996

Capital increase

01/01/1996

Minutes of general meeting of shareholders

01/01/1996

Updated articles of association

06/07/1994

Minutes of general meeting of shareholders

01/02/1994

Minutes of Board meeting

01/02/1994

Amendment

01/01/1994

Changes to the Board of Directors

01/01/1994

Minutes of general meeting of shareholders

01/01/1994

Minutes of Board meeting

13/09/1993

Minutes of general meeting of shareholders

13/09/1993

Amendment

14/06/1993

Audit or Management Report

05/05/1993

Amendment

01/01/1993

Minutes of general meeting of shareholders

01/01/1993

Amendment

27/10/1992

Amendment

17/09/1992

Minutes of general meeting of shareholders

17/09/1992

Amendment

01/01/1992

Minutes of general meeting of shareholders

 

 

Synthesized Accounts

 

Annual Accounts

 

31/12/2014

31/12/2013

31/12/2007

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

15/06/2015

04/06/2014

-

Activity Code

1396Z

1396Z

1396Z

Employees

336

150

127

 

 

Active account

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

19,480,115

56.7 %

12,434,659

104.1 %

6,092,581

226,457

8502.1 %

Intangible assets

7,477,152

38.6 %

5,394,980

662.3 %

707,724

9,616

77661.4 %

Tangible assets

10,345,083

207.6 %

3,363,465

-19.8 %

4,192,340

132,281

7720.6 %

Financial assets

1,657,879

-54.9 %

3,676,213

208.3 %

1,192,517

9,333

17663.6 %

Net current assets

62,108,463

9.8 %

56,541,230

-22.3 %

72,751,951

1,097,167

5560.8 %

Stocks

23,454,519

3.5 %

22,669,861

15.2 %

19,685,085

318,023

7275.1 %

Advanced payments

650,036

-16.9 %

782,468

880.8 %

79,777

0

0%

Receivables

20,420,324

-25.8 %

27,520,000

-44.6 %

49,687,500

496,047

4016.6 %

Securities and cash

17,583,583

215.7 %

5,568,901

68.8 %

3,299,589

134,864

12938.0 %

Prepaid expenses

-

-

-

-

-

107

-

Accounts of regularization

22,428

-86.8 %

170,325

-38.9 %

278,917

0

0%

Total Assets

81,611,005

18.0 %

69,146,214

-12.6 %

79,123,452

1,335,081

6012.8 %

 

 

Passive Account

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Shareholders' equity

38,317,647

43.2 %

26,755,066

119.9 %

12,165,315

555,008

6804.0 %

Share capital

14,169,170

9.3 %

12,964,510

268.1 %

3,521,600

181,000

7728.3 %

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

957,546

1.0 %

948,422

3.2 %

918,917

0

0%

Liabilities

42,078,122

1.6 %

41,418,586

-37.3 %

66,035,175

680,045

6087.5 %

Financial liabilities

21,363,604

403.9 %

4,240,022

-70.7 %

14,446,721

96,055

22141.0 %

Advanced payments received

192,824

-90.1 %

1,938,093

1797.5 %

102,138

0

0%

Trade account payables

13,545,161

-42.8 %

23,685,937

-44.0 %

42,276,898

185,457

7203.7 %

Tax and social liabilities

6,140,169

126.8 %

2,707,135

-2.0 %

2,763,207

182,797

3259.0 %

Other debts and fixed assets liabilities

1,085,508

-87.7 %

8,854,131

37.3 %

6,450,254

23,968

4429.0 %

Account regularization

8,546

-50.9 %

17,407

0%

0

0

0%

Total liabilities

81,611,005

18.0 %

69,146,214

-12.6 %

79,123,452

1,335,080

6012.8 %

 

 

Results

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Sales of Goods

133,940,969

2.9 %

130,197,431

-0.3 %

130,598,905

2,158,923

6104.1 %

Net turnover

127,547,128

4.4 %

122,210,019

-2.1 %

124,846,906

2,149,844

5832.9 %

of which net export turnover

93,966,702

6.8 %

87,946,278

-1.1 %

88,912,099

151,994

61722.6 %

Operating charges

127,350,971

1.5 %

125,503,707

-0.7 %

126,373,263

1,834,523

6841.9 %

Operating profit/loss

6,589,998

40.4 %

4,693,724

11.1 %

4,225,639

45,576

14359.4 %

Financial income

859,377

-52.3 %

1,800,328

659.8 %

236,934

3,772

22683.1 %

Financial charges

1,902,801

-35.2 %

2,936,127

51.6 %

1,936,126

9,276

20414.3 %

Financial profit/loss

-1,043,424

8.1 %

-1,135,799

33.2 %

-1,699,191

-1,589

-65565.4 %

Pretax net operating income

5,546,574

55.9 %

3,557,925

40.8 %

2,526,448

42,925

12821.5 %

Extraordinary income

16,640

-96.2 %

440,782

22504.2 %

1,950

6,487

156.5 %

Extraordinary charges

21,239

-95.5 %

477,185

2056.8 %

22,125

6,480

227.8 %

Extraordinary profit/loss

-4,599

87.4 %

-36,403

-80.4 %

-20,175

0

0%

Net result

3,620,632

27.5 %

2,840,210

75.4 %

1,619,680

41,961

8528.7 %

 

 

Accounts – Active

 

Normal Account

 

31/12/2014

31/12/2013

31/12/2007

Months

12

12

12

 

 

Grand Total - Active Accounts (I to VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Grand Total (I to VI)

Net

81,611,005

18.0 %

69,146,214

-12.6 %

79,123,452

Gross

CO

139,720,652

55.5 %

89,859,312

2.7 %

87,454,322

Amortisation

1A

58,109,647

180.5 %

20,713,099

148.6 %

8,330,866

 

 

Non declared distributed capital (I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

0

0%

0

-

-

 

 

Active fixed asset (II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total Active fixed asset (II)

Net

19,480,115

56.7 %

12,434,659

104.1 %

6,092,581

Gross

BJ

73,324,056

153.4 %

28,939,189

122.9 %

12,980,345

Amortisation

BK

53,843,941

226.2 %

16,504,531

139.6 %

6,887,760

 

 

Intangible fixed assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

2,510,776

-29.2 %

3,544,628

0%

0

Gross

CX

5,137,619

5.1 %

4,886,215

0%

0

Amortisation

CQ

2,626,842

95.8 %

1,341,587

0%

0

Distributorships, patents

Net

0

0%

0

0%

0

Gross

AF

12,958

0%

12,958

0%

12,958

Amortisation

AG

12,958

0%

12,958

0%

12,958

Goodwill

Net

2,035,470

203.3 %

671,029

0.5 %

667,979

Gross

AH

2,035,470

203.3 %

671,029

0.5 %

667,979

Amortisation

AI

0

0%

0

0%

0

Other intangible fixed assets

Net

2,930,906

148.5 %

1,179,323

2867.2 %

39,745

Gross

AJ

7,772,577

42.1 %

5,468,044

1107.2 %

452,937

Amortisation

AK

4,841,671

12.9 %

4,288,721

937.9 %

413,192

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

7,477,152

38.6 %

5,394,980

662.3 %

707,724

 

 

Tangilble fixed assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Lands

Net

0

0%

0

0%

0

Gross

AN

0

0%

0

0%

0

Amortisation

AO

0

0%

0

0%

0

Buildings

Net

2,159,177

79.1 %

1,205,329

-35.9 %

1,881,201

Gross

AP

14,702,921

89.4 %

7,763,958

23.4 %

6,289,688

Amortisation

AQ

12,543,743

91.3 %

6,558,629

48.8 %

4,408,487

Plant

Net

5,819,092

336.0 %

1,334,581

117.1 %

614,827

Gross

AR

36,845,748

831.3 %

3,956,434

122.7 %

1,776,736

Amortisation

AS

31,026,656

1083.4 %

2,621,853

125.7 %

1,161,909

Other tangible fixed assets

Net

277,398

-15.5 %

328,285

51.7 %

216,415

Gross

AT

1,960,680

16.7 %

1,680,280

52.5 %

1,101,629

Amortisation

AU

1,683,282

24.5 %

1,351,995

52.7 %

885,214

Fixed assets in construction

Net

2,089,416

321.9 %

495,270

-66.5 %

1,479,897

Gross

AV

2,089,416

321.9 %

495,270

-66.5 %

1,479,897

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

10,345,083

207.6 %

3,363,465

-19.8 %

4,192,340

 

 

Financial assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

891,016

-70.4 %

3,006,536

205.0 %

985,807

Gross

CU

1,889,805

-43.3 %

3,335,325

236.3 %

991,807

Amortisation

CV

998,789

203.8 %

328,789

5379.8 %

6,000

Inter-company receivables

Net

0

0%

0

0%

0

Gross

BB

110,000

0%

0

0%

0

Amortisation

BC

110,000

0%

0

0%

0

Other investment securities

Net

1,028

0%

1,028

0%

0

Gross

BD

1,028

0%

1,028

0%

0

Amortisation

BE

0

0%

0

0%

0

Loans

Net

0

0%

0

0%

32,741

Gross

BF

0

0%

0

0%

32,741

Amortisation

BG

0

0%

0

0%

0

Other financial assets

Net

765,835

14.5 %

668,649

284.3 %

173,969

Gross

BH

765,835

14.5 %

668,649

284.3 %

173,969

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

1,657,879

-54.9 %

3,676,213

208.3 %

1,192,517

 

 

Current Assets (III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total Current Assets

Net

62,108,463

9.8 %

56,541,230

-22.3 %

72,751,951

Gross

CJ

66,374,168

9.3 %

60,749,798

-18.1 %

74,195,057

Amortisation

CK

4,265,706

1.4 %

4,208,568

191.6 %

1,443,106

 

 

Stocks

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Raw materials

Net

3,199,483

99.8 %

1,601,204

71.2 %

935,395

Gross

BL

5,292,391

41.8 %

3,732,080

299.0 %

935,395

Amortisation

BM

2,092,908

-1.8 %

2,130,877

0%

0

Work in progress (goods)

Net

88,535

-65.0 %

252,890

0%

0

Gross

BN

88,535

-65.0 %

252,890

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

20,166,501

-3.1 %

20,815,767

12.9 %

18,433,504

Gross

BR

20,166,501

-3.1 %

20,815,767

7.1 %

19,442,131

Amortisation

BS

0

0%

0

0%

1,008,627

Goods for resale

Net

0

0%

0

0%

316,186

Gross

BT

0

0%

0

0%

316,186

Amortisation

BU

0

0%

0

0%

0

Sub Total Stocks

Net

23,454,519

3.5 %

22,669,861

15.2 %

19,685,085

 

 

Advance payments to suppliers

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Advance payments to suppliers

Net

650,036

-16.9 %

782,468

880.8 %

79,777

Gross

BV

650,036

-16.9 %

782,468

880.8 %

79,777

Amortisation

BW

0

0%

0

0%

0

 

 

Debtors

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Trade accounts receivable

Net

12,047,184

-1.2 %

12,188,981

-58.6 %

29,464,324

Gross

BX

14,219,982

-0.3 %

14,266,672

-52.3 %

29,898,803

Amortisation

BY

2,172,798

4.6 %

2,077,691

378.2 %

434,479

Other debtors

Net

7,848,683

-47.4 %

14,934,436

-23.4 %

19,483,985

Gross

BZ

7,848,683

-47.4 %

14,934,436

-23.4 %

19,483,985

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

19,895,867

-26.6 %

27,123,417

-44.6 %

48,948,309

 

 

Divers

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Investment securities

Net

45,438

-15.5 %

53,748

18.3 %

45,438

Gross

CD

45,438

-15.5 %

53,748

18.3 %

45,438

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

17,538,145

218.0 %

5,515,153

69.5 %

3,254,151

Gross

CF

17,538,145

218.0 %

5,515,153

69.5 %

3,254,151

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

17,583,583

215.7 %

5,568,901

68.8 %

3,299,589

 

 

Prepaid expenses

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Prepaid expenses

Net

524,457

32.2 %

396,583

-46.3 %

739,191

Gross

CH

524,457

32.2 %

396,583

-46.3 %

739,191

Amortisation

CI

0

0%

0

0%

0

 

 

Equalization accounts (IV to VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Expenses of loan issue to be spread

CW3

0

0%

0

0%

0

Gross

0

0%

0

-

-

Premiums on redemption of bonds

CM3

0

0%

0

0%

0

Gross

0

0%

0

-

-

Currency differential gain

CN3

22,428

-86.8 %

170,325

-38.9 %

278,917

Gross

22,428

-86.8 %

170,325

-

-

 

 

References

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Due within one year

CP

0

0%

0

0%

20,105

Due after one year

CR

0

0%

0

0%

0

 

 

Accounts – Passive

 

Grand Total - Passive Accounts (I to V)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Grand Total (I to V)

EE

81,611,005

18.0 %

69,146,214

-12.6 %

79,123,452

 

 

Shareholder Equity (I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total shareholders' equity (Total I)

DL

38,317,647

43.2 %

26,755,066

119.9 %

12,165,315

Equity and shareholders' equity

DA

14,169,170

9.3 %

12,964,510

268.1 %

3,521,600

Issue and merger premiums

DB

6,737,288

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

549,420

34.9 %

407,409

15.7 %

352,160

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

13,241,136

25.6 %

10,542,937

58.0 %

6,671,875

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%

0

Profit or loss for the period

DI

3,620,632

27.5 %

2,840,210

75.4 %

1,619,680

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

0

0%

0

0%

0

 

 

Other capital resources (II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total provisions for risks and charges (Total III)

DR

957,546

1.0 %

948,422

3.2 %

918,917

Risk provisions

DP

957,546

1.0 %

948,422

3.2 %

918,917

Reserves for charges

DQ

0

0%

0

0%

0

 

 

Liabilities (IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total Liabilities (Total IV)

EC

42,078,122

1.6 %

41,418,586

-37.3 %

66,035,175

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

1,121,338

-73.6 %

4,240,022

-70.3 %

14,265,618

Sundry loans and financial liabilities

DV

20,242,266

0%

0

0%

181,103

Of which participating loans

EI

0

0%

0

0%

0

Advance payments received for current orders

DW

192,824

-90.1 %

1,938,093

1797.5 %

102,138

Trade accounts payables

DX

13,545,161

-42.8 %

23,685,937

-44.0 %

42,276,898

Tax and social security liabilities

DY

6,140,169

126.8 %

2,707,135

-2.0 %

2,763,207

Fixed asset liabilities

DZ

0

0%

0

0%

8,642

Other debts

EA

827,817

-90.6 %

8,829,992

37.2 %

6,437,569

 

 

Translation loss (V)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Translation loss (Total V)

ED

257,691

967.5 %

24,139

497.1 %

4,043

 

 

Equalization accounts

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Deferred income

EB

8,546

-50.9 %

17,407

0%

0

 

 

References

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Of which tax-allowable reserve

EF

0

0%

0

0%

0

Deferred income and liabilities

EG

40,976,548

0%

0

0%

60,143,466

Of which current bank facilities

EH

14,338

0%

0

0%

5,105,411

 

 

Result account

 

1 - Operating result (I-II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Operating result (Total I-II)

GG

6,589,998

40.4 %

4,693,724

11.1 %

4,225,639

 

 

2 - Financial result (V-VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Financial result (Total V-VI)

GV

-1,043,424

8.1 %

-1,135,799

33.2 %

-1,699,191

 

 

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

GW

5,546,574

55.9 %

3,557,925

40.8 %

2,526,448

 

 

4 - Extraordinary result (VII-VIII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Extraordinary result (Total VII-VIII)

HI

-4,599

87.4 %

-36,403

-80.4 %

-20,175

 

 

Profit or loss

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Profit or loss

HN

3,620,632

27.5 %

2,840,210

75.4 %

1,619,680

 

 

Total Income (I+III+V+VII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

HL

134,816,985

1.8 %

132,438,541

1.2 %

130,837,789

 

 

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

HM

131,196,353

1.2 %

129,598,331

0.3 %

129,218,107

 

 

Operating income (I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total operating income (Total I)

FR

133,940,969

2.9 %

130,197,431

-0.3 %

130,598,905

 

 

Operating income (details)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sale of goods for resale

FC

1,074,684

0.2 %

1,072,084

314.6 %

258,589

France

FA

371,304

2.9 %

360,908

272.9 %

96,792

Export

FB

703,380

-1.1 %

711,175

339.6 %

161,796

Sale of goods produced

FF

124,697,045

4.9 %

118,833,178

-3.9 %

123,641,237

France

FD

32,013,085

-0.1 %

32,038,552

-9.0 %

35,222,425

Export

FE

92,683,960

6.8 %

86,794,626

-1.8 %

88,418,811

Sale of services

FI

1,775,399

-23.0 %

2,304,757

143.4 %

947,079

France

FG

1,196,037

-35.8 %

1,864,280

202.8 %

615,587

Export

FH

579,362

31.5 %

440,477

32.9 %

331,492

Net turnover

FL

127,547,128

4.4 %

122,210,019

-2.1 %

124,846,906

France

FJ

33,580,426

-2.0 %

34,263,740

-4.7 %

35,934,804

Export

FK

93,966,702

6.8 %

87,946,278

-1.1 %

88,912,099

Stocked production

FM

-890,284

-145.2 %

1,968,995

-41.0 %

3,337,100

Self-constructed assets

FN

1,859,897

30.0 %

1,430,856

0%

0

Operating grants

FO

101,596

2002.1 %

4,833

-70.1 %

16,183

Release of reserves and provisions

FP

5,190,865

23.1 %

4,215,661

91.5 %

2,201,093

Other income

FQ

131,767

-64.1 %

367,068

85.7 %

197,623

 

 

Operating charges (II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total operating charges (Total II)

GF

127,350,971

1.5 %

125,503,707

-0.7 %

126,373,263

 

 

Exploitation charges

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Purchase of goods for resale

FS

2,185

100.8 %

-259,068

-128.9 %

896,466

Change in stocks of goods for resale

FT

0

0%

363,645

1058.7 %

-37,931

Purchase of raw materials

FU

60,070,799

3.1 %

58,290,929

-36.0 %

91,020,107

Change in stocks of raw materials

FV

-271,081

33.4 %

-407,043

-821.2 %

-44,187

Other external purchases and charges

FW

31,150,220

-33.5 %

46,870,990

130.6 %

20,321,809

Tax, duty and similar payments

FX

2,309,848

108.2 %

1,109,327

28.0 %

866,634

Payroll

FY

16,641,961

85.6 %

8,964,798

24.0 %

7,227,534

Social security costs

FZ

7,754,764

113.7 %

3,628,005

21.9 %

2,975,538

 

 

Depreciation

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Depreciation of fixed assets

GA

4,835,423

148.8 %

1,943,865

140.1 %

809,771

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

4,468,895

6.2 %

4,208,568

191.6 %

1,443,106

Provisions for risks and charges

GD

362,241

-30.1 %

518,153

-19.0 %

640,000

 

 

Other charges

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Other charges

GE

25,718

-90.5 %

271,538

6.7 %

254,416

 

 

Operating charges (III-IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total financial income (Total V)

GP

859,377

-52.3 %

1,800,328

659.8 %

236,934

Share financial income

GJ

647

-0.3 %

649

0%

0

Other investment income & capitalised receivables

GK

0

0%

0

0%

0

Other interest and similar income

GL

56,802

-95.2 %

1,179,736

5805.2 %

19,978

Released provisions and transferred charges

GM

170,325

49.0 %

114,341

-20.1 %

143,158

Exchange gains

GN

619,647

22.6 %

505,602

585.1 %

73,798

Net income from disposal of investment securities

GO

11,955

0%

0

0%

0

 

 

Financial charge (VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total financial charge (Total VI)

GU

1,902,801

-35.2 %

2,936,127

51.6 %

1,936,126

Financial reserves and provisions

GQ

802,428

371.1 %

170,325

-40.2 %

284,917

Interest and similar charges

GR

824,416

-54.6 %

1,815,075

38.2 %

1,313,722

Exchange losses

GS

275,957

-71.0 %

950,727

181.7 %

337,486

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

 

 

Extraordinary income (VII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total extraordinary income (Total VII)

HD

16,640

-96.2 %

440,782

22504.2 %

1,950

Extraordinary operating income

HA

12,944

282.1 %

3,388

0%

0

Extraordinary income from capital transactions

HB

3,696

85.5 %

1,992

2.2 %

1,950

Released provisions and transferred charges

HC

0

0%

435,402

0%

0

 

 

Extraordinary charges (VIII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total extraordinary charges (Total VIII)

HH

21,239

-95.5 %

477,185

2056.8 %

22,125

Extraordinary operating charges

HE

19,350

-95.9 %

476,448

132246.7 %

360

Extraordinary charges from capital transactions

HF

1,889

156.3 %

737

-96.6 %

21,765

Extraordinary reserves and provisions

HG

0

0%

0

0%

0

 

 

Employee profit sharing (IX)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Employee profit sharing (Total IX)

HJ

329,505

119.7 %

150,000

-56.3 %

343,580

 

 

Tax on profits (X)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Tax on profits (Total X)

HK

1,591,837

199.6 %

531,312

-2.2 %

543,013

 

 

References

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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%

89,642

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%

85,281

 

 

Other incomes tax return forms

 

Fixed Assets

 

Grand Total Fixed Assets (I to IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Gross value at begin of period

OG

0

0%

0

0%

11,358,396

Increasess due to revaluation

OH

0

0%

0

0%

0

Decreasess, acquisitions, creations, contributions

OJ

0

0%

0

0%

1,763,605

Decreasess by budget item transfer

OK1

2,543,104

-23.6 %

3,326,680

19198.5 %

17,238

Decreasess by transfers

OK2

2,198,524

379.7 %

458,270

268.3 %

124,417

Gross value at the end of period

OL

73,324,056

153.4 %

28,939,189

122.9 %

12,980,345

 

 

Research and development Charge (Total I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Gross value at begin of period

CZ

4,886,215

0%

0

0%

0

Increasess due to revaluation

KB

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KC

251,404

-94.9 %

4,886,215

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

5,137,619

5.1 %

4,886,215

0%

0

 

 

Other budget item from Intangible fixed assets (Total II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Gross value at begin of period

KD

6,152,031

-28.0 %

8,541,773

721.5 %

1,039,721

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

3,920,378

343.5 %

883,878

726.9 %

106,888

Decreasess by budget item transfer

LV1

251,404

-92.3 %

3,258,270

0%

0

Decreasess by transfers

LV2

0

0%

15,350

20.6 %

12,733

Gross value at the end of period

LW

9,821,005

59.6 %

6,152,031

442.6 %

1,133,876

 

 

Tangible fixed assets (Total III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Gross value at begin of period

LN

13,895,942

4.8 %

13,260,398

45.2 %

9,131,514

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

44,393,757

5558.0 %

784,622

-51.7 %

1,625,970

Decreasess by budget item transfer

NG1

2,291,700

3249.9 %

68,410

296.9 %

17,238

Decreasess by transfers

NG2

399,234

394.9 %

80,667

-12.6 %

92,294

Gross value at the end of period

NH

55,598,765

300.1 %

13,895,943

30.5 %

10,647,952

 

 

Financial assets (Total IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Gross value at begin of period

LQ

4,005,002

24.0 %

3,231,071

172.2 %

1,187,161

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

560,955

-50.6 %

1,136,183

3595.3 %

30,747

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

1,799,290

396.7 %

362,253

1768.2 %

19,390

Gross value at the end of period

NK

2,766,667

-30.9 %

4,005,001

234.2 %

1,198,517

 

 

Reserve for depreciation

 

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Reserve for depreciation value at begin of period

ON

0

0%

0

0%

6,174,588

Increases

OP

0

0%

0

0%

809,772

Decreasess

OQ

0

0%

0

0%

102,597

Reserve for depreciation value at the end of period

OR

0

0%

0

0%

6,881,763

 

 

Research and development charge (Total I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Reserve for depreciation value at begin of period

PE

4,301,679

0%

0

0%

357,800

Increases

PF

552,950

0%

0

0%

81,084

Decreasess

PG

0

0%

0

0%

12,733

Decreasess by budget item transfer

PH

4,854,629

0%

0

0%

426,151

 

 

Total fixed assets amotisation (Total III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Reserve for depreciation value at begin of period

QU

10,532,477

7.5 %

9,799,055

68.5 %

5,816,788

Increases

QV

35,118,548

4217.8 %

813,352

11.6 %

728,688

Decreases

QW

397,345

397.1 %

79,931

-11.1 %

89,864

Decreasess by budget item transfer

QX

45,253,680

329.7 %

10,532,476

63.2 %

6,455,612

 

 

Movements during period affecting charge allocated over several period

 

Deferred charges and debt issuance costs

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

5,137,619

5.1 %

4,886,215

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Value at begining of period

7C

5,485,779

6.8 %

5,137,225

127.9 %

2,254,610

Increases

UB

5,654,594

15.5 %

4,897,046

106.8 %

2,368,023

Decreases

UC

4,918,332

8.1 %

4,548,492

101.7 %

2,254,610

Value at the end of period

UD

6,222,041

13.4 %

5,485,779

131.7 %

2,368,023

 

 

Includes Total allocations

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Operating

UE

5,654,594

15.5 %

4,897,046

135.1 %

2,083,106

Financial

UG

0

0%

0

0%

284,917

Exceptional

UJ

0

0%

0

0%

0

 

 

Includes Total Withdrawal

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Operating

UF

4,808,332

5.7 %

4,548,492

115.4 %

2,111,452

Financial

UH

0

0%

0

0%

143,158

Exceptional

UK

110,000

0%

0

0%

0

 

 

Total regulated provisions (Total I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Value at begining of period

5Z

948,422

-4.2 %

990,227

28.2 %

772,515

Increases

TV

405,699

-41.1 %

688,478

-25.1 %

918,917

Decreases

TW

396,575

-45.7 %

730,283

-5.5 %

772,515

Value at the end of period

TX

957,546

1.0 %

948,422

3.2 %

918,917

 

 

Total Provision for depreciation (Total III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Value at begining of period

7B

4,537,356

9.4 %

4,146,998

179.8 %

1,482,095

Increases

TY

5,248,895

24.7 %

4,208,568

190.4 %

1,449,106

Decreases

TZ

4,521,757

18.4 %

3,818,209

157.6 %

1,482,095

Value at the end of period

UA

5,264,494

16.0 %

4,537,357

213.1 %

1,449,106

 

State deadlines claims and debts at the end of period

 

State claims

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Gross value

VT

23,468,957

-22.5 %

30,266,340

-39.9 %

50,328,691

1 year at most

VU

20,020,997

-32.4 %

29,597,691

-41.0 %

50,138,351

More than one year

VV

3,447,960

415.7 %

668,649

251.3 %

190,340

 

 

State of loans

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Claims related to holdings (gross)

UL

110,000

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%

32,741

Loans (1 year at most)

UR

0

0%

0

0%

16,371

Other financial assets (gross)

UT

765,835

14.5 %

668,649

284.3 %

173,969

Other financial assets (1 year at most)

UV

0

0%

0

0%

0

 

 

Receivables statement of assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Customers doubtful or disputed

VA

2,572,125

0%

0

0%

0

Other claims customer

UX

11,647,857

-18.4 %

14,266,672

-52.3 %

29,898,804

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

49,491

-10.3 %

55,191

364.2 %

11,890

Social Security and other social organizations

UZ

7,570

1.4 %

7,467

15456.3 %

48

Income taxes

VM

0

0%

19,099

0%

0

Value added tax

VB

509,786

-16.5 %

610,383

-54.9 %

1,353,225

Other taxes and payments assimilated

VN

12,291

70.4 %

7,215

-32.5 %

10,692

State and other public - Miscellaneous

VP

0

0%

4,940

0%

0

Group and Associates

VC

2,593,558

-69.9 %

8,614,062

-52.2 %

18,017,032

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

VR

4,675,987

-16.7 %

5,616,079

6064.9 %

91,098

 

 

Prepaid

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Prepaid

VS

524,457

32.2 %

396,583

-46.3 %

739,192

 

 

State Debt

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Total debt (gross)

VY

41,885,298

6.1 %

39,480,493

-40.1 %

65,933,038

1 year at most

VZ2

40,976,548

6.8 %

38,373,493

-36.2 %

60,143,467

More than 1 year and 5 years at most

VZ3

908,750

-13.0 %

1,044,500

-82.0 %

5,789,572

More than 5 years

VZ4

0

0%

62,500

6250100.0 %

-1

 

 

Details

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

14,338

-99.5 %

3,032,555

-41.5 %

5,182,124

1 year at most

VG2

14,338

-99.5 %

3,032,555

-41.5 %

5,182,124

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

1,107,000

-8.3 %

1,207,467

-86.7 %

9,083,494

1 year at most

VH2

198,250

97.3 %

100,467

-96.9 %

3,293,922

More than 1 year and 5 years at most

VH3

908,750

-13.0 %

1,044,500

-82.0 %

5,789,572

Loans and various financial liabilities (gross)

8A1

0

0%

0

0%

181,103

1 year at most

8A2

0

0%

0

0%

181,103

More than 1 year and 5 years at most

8A3

0

0%

0

0%

0

Suppliers and associated accounts (gross)

8B1

13,545,161

-42.8 %

23,685,937

-44.0 %

42,276,899

1 year at most

8B2

13,545,161

-42.8 %

23,685,937

-44.0 %

42,276,899

More than 1 year and 5 years at most

8B3

13,545,161

-42.8 %

23,685,937

0%

0

Personnel and associated accounts (gross)

8C1

2,805,044

95.9 %

1,431,916

10.0 %

1,301,365

1 year at most

8C2

2,805,044

95.9 %

1,431,916

10.0 %

1,301,365

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

2,567,094

185.4 %

899,457

-13.8 %

1,043,603

1 year at most

8D2

2,567,094

185.4 %

899,457

-13.8 %

1,043,603

More than 1 year and 5 years at most

8D3

0

0%

0

0%

0

Taxes on profits (gross)

8E1

0

0%

0

0%

0

1 year at most

8E2

0

0%

0

0%

0

More than 1 year and 5 years at most

8E3

0

0%

0

0%

0

VAT (Gross)

VW1

0

0%

404

-95.8 %

9,552

1 year at most

VW2

0

0%

404

-95.8 %

9,552

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

768,032

104.6 %

375,358

-8.2 %

408,687

1 year at most

VQ2

768,032

104.6 %

375,358

-8.2 %

408,688

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%

8,642

1 year at most

8J2

0

0%

0

0%

8,642

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

20,242,266

162.3 %

7,717,196

45.2 %

5,313,990

1 year at most

VI2

20,242,266

162.3 %

7,717,196

45.2 %

5,313,990

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

827,817

-25.6 %

1,112,796

-1.0 %

1,123,579

1 year at most

8K2

827,817

-25.6 %

1,112,796

-1.0 %

1,123,579

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

8,546

-50.9 %

17,407

0%

0

1 year at most

8L2

8,546

-50.9 %

17,407

0%

0

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

 

 

References

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Loans made during the period

VJ

0

0%

0

0%

4,000,000

Debt repaid during the period

VK

100,000

0%

0

0%

3,648,836

 

 

Table allocation results and other information

 

Dividends distributed

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Dividends

ZE

0

0%

0

0%

0

 

 

Commitments

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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%

513,924

 

 

Other charges Externes

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Average number of employees

YP

336

124.0 %

150

18.1 %

127

 

 

Groups and Shareholders

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Groups and Shareholders

ZR

0

-

-

-

-

 

 

Ratios

 

Structure and Liquidity

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Fixed Asset Financing

1.56

-6.6 %

1.67

-26.1 %

2.26

1.53

2.0 %

Global Debt

119 days

-2.5 %

122 days

-35.8 %

190 days

109 days

9.2 %

Working Capital Fund overall net

116 days

103.5 %

57 days

21.3 %

47 days

106 days

9.4 %

Financial independence

179.36 %

-71.6 %

631.01 %

649.3 %

84.21 %

364.35 %

-50.8 %

Solvability

46.95 %

21.3 %

38.69 %

151.6 %

15.38 %

48.31 %

-2.8 %

Capacity debt futures

18,024.37 %

2010.7 %

853.97 %

495.0 %

143.53 %

2,486.09 %

625.0 %

Coverage of current assets by net working capital overall

62.44 %

93.3 %

32.30 %

45.4 %

22.22 %

50.83 %

22.8 %

General Liquidity

0.49

-36.4 %

0.77

-7.2 %

0.83

0.88

-44.3 %

Restricted Liquidity

0.92

0%

0.92

3.4 %

0.89

1.28

-28.1 %

 

 

Management or rotation

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Need background in operating working capital

66 days

65.0 %

40 days

-18.4 %

49 days

62 days

6.5 %

Treasury

50 days

212.5 %

16 days

420.0 %

-5 days

26 days

92.3 %

Inventory turnover of goods

0 days

0%

0 days

0%

133 days

35 days

0%

Average length of credit granted to customers

40 days

-4.8 %

42 days

-52.3 %

88 days

63 days

-36.5 %

Average length of credit obtained suppliers

54 days

-33.3 %

81 days

-40.4 %

136 days

59 days

-8.5 %

Inventory turnover of raw materials in industrial enterprises

31 days

34.8 %

23 days

475.0 %

4 days

79 days

-60.8 %

Inventory turnover of intermediate and finished products in the industrial enterprise

229 days

-73.9 %

879 days

-25.1 %

1,173 days

254 days

-9.8 %

Rotation tangible assets

229.41 %

-73.9 %

879.47 %

-25.0 %

1,172.50 %

234.61 %

-2.2 %

 

 

Profitability of the business

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Margin trading

0.84 %

6.3 %

0.79 %

264.6 %

-0.48 %

0.00 %

0%

Profitability of the business

8.59 %

48.9 %

5.77 %

45.0 %

3.98 %

5.87 %

46.3 %

Net profit

2.84 %

22.4 %

2.32 %

78.5 %

1.30 %

2.97 %

-4.4 %

Growth rate of turnover (excluding VAT)

4.37 %

307.1 %

-2.11 %

-117.7 %

11.89 %

3.52 %

24.1 %

Rates integration

29.45 %

73.4 %

16.98 %

32.2 %

12.84 %

36.36 %

-19.0 %

Rate leasing furniture

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Work Factor

64.95 %

7.0 %

60.69 %

-4.7 %

63.66 %

75.03 %

-13.4 %

Weight interests

1.49 %

-37.9 %

2.40 %

54.8 %

1.55 %

0.42 %

254.8 %

 

 

Return on capital

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Cash flow from the overall profitability

3.40 %

930.3 %

0.33 %

-13.2 %

0.38 %

4.72 %

-28.0 %

Rates of economic profitability

18.00 %

-21.7 %

23.00 %

21.1 %

19.00 %

15.00 %

20.0 %

Financial profitability

38,317,647.00 %

43.2 %

26,755,066.00 %

119.9 %

12,165,315.00 %

555,007.50 %

6804.0 %

Return on investment

9.25 %

-50.4 %

18.64 %

39.5 %

13.36 %

9.16 %

1.0 %

 

 

Management intermediate balances

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Turnover

127,547,128

4.4 %

122,210,019

-2.1 %

124,846,906

2,149,844

5832.9 %

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Sales of goods

1,074,684

0.2 %

1,072,084

314.6 %

258,589

-

- Purchase of goods

2,185

100.8 %

-259,068

-128.9 %

896,466

-

+/- Stock of goods variation

0

0%

363,645

1058.7 %

-37,931

-

Trading margin

1,072,499 €

10.9 %

967,507 €

261.3 %

-599,946 €

0 €

0%

0.84 % CA

6.3 %

0.79 % CA

264.6 %

-0.48 % CA

0.00 % CA

0%

 

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Sale of goods produced

126,472,444

4.4 %

121,137,935

-2.8 %

124,588,316

-

+/- Stocked production

-890,284

-145.2 %

1,968,995

-41.0 %

3,337,100

-

+ Self-constructed assets

1,859,897

30.0 %

1,430,856

0%

0

-

Period production

127,442,057 €

2.3 %

124,537,786 €

-2.6 %

127,925,416 €

1,695,299 €

7417.4 %

99.92 % CA

-1.9 %

101.90 % CA

-0.6 %

102.47 % CA

99.34 % CA

0.6 %

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Trading margin

1,072,499

10.9 %

967,507

261.3 %

-599,946

0

0%

+ Period Production

127,442,057

2.3 %

124,537,786

-2.6 %

127,925,416

1,695,299

7417.4 %

- Purchase of raw materials

60,070,799

3.1 %

58,290,929

-36.0 %

91,020,107

-

+/- Change in stocks of raw materiels

-271,081

33.4 %

-407,043

-821.2 %

-44,187

-

- Other external purchases and charges

31,150,220

-33.5 %

46,870,990

130.6 %

20,321,809

-

Added value

37,564,618 €

81.0 %

20,750,417 €

29.5 %

16,027,741 €

950,292 €

3853.0 %

29.45 % CA

73.4 %

16.98 % CA

32.2 %

12.84 % CA

36.36 % CA

-19.0 %

 

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Added value

37,564,618 €

81.0 %

20,750,417 €

29.5 %

16,027,741 €

950,292 €

3853.0 %

+ Operating grants

101,596

2002.1 %

4,833

-70.1 %

16,183

-

- Tax, duty and similar payments

2,309,848

108.2 %

1,109,327

28.0 %

866,634

-

- Personal charges

24,396,725

93.7 %

12,592,803

23.4 %

10,203,072

-

Gross operating surplus

10,959,641 €

55.4 %

7,053,120 €

41.8 %

4,974,218 €

74,635 €

14584.3 %

8.59 % CA

48.9 %

5.77 % CA

45.0 %

3.98 % CA

5.87 % CA

46.3 %

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Gross operating surplus

10,959,641 €

55.4 %

7,053,120 €

41.8 %

4,974,218 €

74,635 €

14584.3 %

+ Release of reserves and provisions

5,190,865

23.1 %

4,215,661

91.5 %

2,201,093

-

+ Other operating income

131,767

-64.1 %

367,068

85.7 %

197,623

-

- Depreciation/ Amortisation

9,666,559

44.9 %

6,670,586

130.6 %

2,892,877

-

- Other charges

25,718

-90.5 %

271,538

6.7 %

254,416

-

Operating result

6,589,996 €

40.4 %

4,693,725 €

11.1 %

4,225,641 €

45,575 €

14359.8 %

5.17 % CA

34.6 %

3.84 % CA

13.6 %

3.38 % CA

3.34 % CA

54.8 %

 

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Operating result

6,589,996 €

40.4 %

4,693,725 €

11.1 %

4,225,641 €

45,575 €

14359.8 %

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

0

0%

0

0%

0

-

+ Financial income

859,377

-52.3 %

1,800,328

659.8 %

236,934

-

- Financial charges

1,902,801

-35.2 %

2,936,127

51.6 %

1,936,126

-

Pre-tax result

5,546,572 €

55.9 %

3,557,926 €

40.8 %

2,526,449 €

42,926 €

12821.4 %

4.35 % CA

49.5 %

2.91 % CA

44.1 %

2.02 % CA

3.19 % CA

36.4 %

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Extraordinary income

16,640

-96.2 %

440,782

22504.2 %

1,950

6,487

156.5 %

- Extraordinary charges

21,239

-95.5 %

477,185

2056.8 %

22,125

-

Extraordinary result

-4,599 €

87.4 %

-36,403 €

-80.4 %

-20,175 €

0 €

0%

0.00 % CA

0%

-0.03 % CA

-50.0 %

-0.02 % CA

0.00 % CA

0%

 

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2007

Sector Median 2014

Pre-tax result

5,546,572 €

55.9 %

3,557,926 €

40.8 %

2,526,449 €

42,926 €

12821.4 %

Extraordinary result

-4,599 €

87.4 %

-36,403 €

-80.4 %

-20,175 €

0 €

0%

- Employee profit sharing

329,505

119.7 %

150,000

-56.3 %

343,580

-

- Tax on profits

1,591,837

199.6 %

531,312

-2.2 %

543,013

-

Net result

3,620,631 €

27.5 %

2,840,211 €

75.4 %

1,619,681 €

41,962 €

8528.4 %

2.84 % CA

22.4 %

2.32 % CA

78.5 %

1.30 % CA

2.98 % CA

-4.7 %

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.30

UK Pound

1

Rs.98.71

Euro

1

Rs.72.33

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.