MIRA INFORM REPORT

Report No. :	308595
Report Date :	18.02.2015

IDENTIFICATION DETAILS

Name :	METAUX SPECIAUX
Registered Office :	Mssa, Pombliere, 73600 Saint Marcel
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	12/1996
Legal Form :	Simplified joint stock company
Line of Business :	Manufacture of other inorganic basic chemicals nec (2013B)
No of Employees :	200 to 249 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 :	Slow But Correct
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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	D

FRANCE ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

Source : CIA

company summary

Trade name	METAUX SPECIAUX
		EUR VAT Number	FR96410219042
Activity (APE)	Manufacture of other inorganic basic chemicals nec (2013B)	Legal form	Simplified joint stock company
Phone	04 79 24 00 80	RCS Registration	RCS Chambery 9 410 219 042
Fax	04 79 24 00 80	Share capital	6,908,000 Euros
Address	MSSA POMBLIERE 73600 SAINT MARCEL	Incorporated Date	12/1996
Nationality	France	Status	Economically active

Payment Information Summary - Trade Payment Data
Total number of Invoices available	26
Total number of Invoices paid within or up to 30 days after the due date	22
Total number of Invoices paid more than 30 days after the due date	4
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

No social security and tax office preferential right to date

Ultimate Holding Company
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Current Directors

4

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	65,520,493 €	60,968,402 €	64,149,039 €
Gross Operating Surplus	6.05 % Turnover	-1.06 % Turnover	5.66 % Turnover
Shareholders’ equity	13,905,361 €	11,017,155 €	27,788,260 €
Net result	3,559,758 €	-16,351,448 €	3,343,757 €
Employees	200 to 249 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Activity (APE)	Manufacture of other inorganic basic chemicals nec (2013B)
RCS Registration	RCS Chambery 9 410 219 042	Share capital	6,908,000 Euros
Registration Court	Chambery (73)	Legal form	Simplified joint stock company
Court Registry Number	19 9 7B50202	EUR VAT Number	FR96410219042
Incorporation Date	12/1996	Formation Date	12/1996
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Establishment details

Trade name	METAUX SPECIAUX
Activity (APE)	Manufacture of other inorganic basic chemicals nec (2013B)	Business Pages FT®	PRODUITS CHIMIQUES (FABRICATION, GROS)
Postal Address	MSSA POMBLIERE 73600 SAINT MARCEL	Trading Address	POMBLIERE 73600 SAINT MARCEL
Telephone	04 79 24 00 80
Fax	04 79 24 00 80

Type	Head office (one site company)	Status	Economically active
Formation Date	06/1997	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Other	Activity Location	Other
Location surface		Seasonality

Department	Savoie (73)	Region	Rhône-Alpes
District	1	Area	20
City	SAINT MARCEL	Size of urban area	Establishment in a rural municipality

Other establishments

Branches	1 branch entities in this company
Head office	> MSSA <<<  - Fabrication d'autres produits chimiques inorganiques de base n.c.a. (2013B)  in SAINT MARCEL  (73600)
Secondary establishments

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

200 to 249 employees

Company workforce

200 to 249 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2013	31/12/2012	31/12/2011
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	30/08/2014	31/07/2013	29/01/2013
Activity Code	2013B	2013B	2013B
Employees	0	277	0

Active account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	24,641,768	-2.0%	25,134,743	-27.5%	34,681,679	972,744.50	2433.2%
- Intangible assets	463,682	4.1%	445,356	32.4%	336,350	31,834.50	1356.5%
- Tangible assets	22,815,585	-2.6%	23,429,446	-26.4%	31,848,111	660,001.50	3356.9%
- Financial assets	1,362,501	8.1%	1,259,941	-49.5%	2,497,218	6,325.50	21439.8%
Net current assets	21,200,690	-11.8%	24,024,726	8.7%	22,092,190	2,257,032.50	839.3%
- Stocks	7,509,070	9.8%	6,838,932	-1.8%	6,967,188	454,234.50	1553.1%
- Advanced payments	194,958	-11.8%	0	0%	324,179	0	0%
- Receivables	10,039,285	-28.4%	14,019,802	44.2%	9,721,086	1,143,396	778.0%
- Securities and cash	3,457,377	9.2%	3,165,992	-37.7%	5,079,737	81,568	4138.6%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	37,013	0	0%
Total Assets	45,842,459	-6.7%	49,159,468	-13.5%	56,810,882	3,024,225.50	1415.8%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Shareholders' equity	13,905,361	26.2%	11,017,155	-60.4%	27,788,260	1,300,483	969.2%
Share capital	6,908,000	0%	6,908,000	0%	6,908,000	400,300	1625.7%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1,835,182	27.5%	1,439,264	12.1%	1,284,320	17,923	10139.3%
Liabilities	30,101,909	-18.0%	36,703,050	32.3%	27,738,301	2,087,689.50	1341.9%
- Financial liabilities	8,399,963	6.4%	7,897,030	42.8%	5,528,897	133,282.50	6202.4%
- Advanced payments received	1,286,381	-57.1%	2,996,664	-10.3%	3,340,517	0	0%
- Trade account payables	10,290,332	-7.5%	11,130,566	-3.9%	11,577,560	703,550	1362.6%
- Tax and social liabilities	4,113,107	12.3%	3,661,576	-0.8%	3,692,734	493,835	732.9%
- Other debts and fixed assets liabilities	5,337,126	-48.3%	10,314,314	192.8%	3,522,593	48,552	10892.6%
Account regularization	675,000	-4.0%	702,900	824.9%	76,000	0	0%
Total liabilities	45,842,455	-6.7%	49,159,468	-13.5%	56,810,882	3,024,225.50	1415.8%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Sales of Goods	70,067,194	13.3%	61,854,665	-7.6%	66,958,774	5,092,442.50	1275.9%
Net turnover	65,520,493	7.5%	60,968,402	-5.0%	64,149,039	5,052,259	1196.9%
- of which net export turnover	56,967,095	6.6%	53,418,546	-4.6%	56,021,486	69,683.50	81651.2%
Operating charges	67,388,578	1.7%	66,284,957	0.0%	66,266,482	4,749,863	1318.7%
Operating profit/loss	2,678,616	160.5%	-4,430,292	-739.9%	692,292	35,424	7461.6%
Financial income	620,149	-5.8%	658,526	-21.1%	835,064	3,586	17193.6%
Financial charges	934,218	-43.9%	1,665,074	56.2%	1,066,038	20,978	4353.3%
Financial profit/loss	-314,069	68.8%	-1,006,548	-335.8%	-230,974	-2,719	-11450.9%
Pretax net operating income	2,364,547	143.5%	-5,436,840	-1278.5%	461,318	16,807	13968.8%
Extraordinary income	5,637,381	85.0%	3,046,642	-65.1%	8,722,456	17,271	32540.7%
Extraordinary charges	4,942,279	-65.5%	14,327,643	139.0%	5,995,189	26,336.50	18665.9%
Extraordinary profit/loss	695,102	106.2%	-11,281,001	-513.6%	2,727,267	-44.50	1562127.0%
Net result	3,559,758	121.8%	-16,351,448	-589.0%	3,343,757	40,763.50	8632.7%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2013	31/12/2012	31/12/2011
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2013		31/12/2012		31/12/2011
	Grand Total (I to VI)	Net	45,842,459	-6.7%	49,159,468	-13.5%	56,810,882
	Gross	CO	128,338,306	-1.2%	129,887,054	6.8%	121,639,379
	Amortisation	1A	82,495,847	2.2%	80,727,586	24.5%	64,828,497

Non declared distributed capital (I)

		31/12/2013		31/12/2012		31/12/2011
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2013		31/12/2012		31/12/2011
	Total Active fixed asset (II)	Net	24,641,768	-2.0%	25,134,743	-27.5%	34,681,679
	Gross	BJ	106,937,960	1.5%	105,334,053	6.3%	99,100,114
	Amortisation	BK	82,296,192	2.6%	80,199,310	24.5%	64,418,435

Intangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	38,717	-20.8%	48,914	4891500%	-01
	Gross	AF	387,836	0.0%	387,837	15.1%	336,852
	Amortisation	AG	349,119	3.0%	338,923	0.6%	336,853
	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	424,965	7.2%	396,442	17.9%	336,351
	Gross	AJ	1,688,927	14.1%	1,480,578	12.2%	1,319,395
	Amortisation	AK	1,263,962	16.6%	1,084,136	10.3%	983,044
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	463,682	4.1%	445,356	32.4%	336,350

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	Lands	Net	1,288,261	-33.3%	1,931,194	-5.2%	2,037,111
	Gross	AN	4,257,426	1.7%	4,184,949	-0.1%	4,188,852
	Amortisation	AO	2,969,165	31.7%	2,253,755	4.7%	2,151,741
	Buildings	Net	3,424,209	158.4%	-5,866,022	-228.9%	4,549,254
	Gross	AP	18,473,494	0.6%	18,366,825	8.2%	16,979,556
	Amortisation	AQ	15,049,285	-37.9%	24,232,847	94.9%	12,430,302
	Plant	Net	14,282,219	-34.2%	21,718,774	32.1%	16,438,275
	Gross	AR	71,123,138	3.0%	69,049,672	12.7%	61,259,980
	Amortisation	AS	56,840,919	20.1%	47,330,898	5.6%	44,821,705
	Other tangible fixed assets	Net	1,596,999	-32.0%	2,348,838	5.5%	2,227,106
	Gross	AT	6,496,775	4.0%	6,247,589	5.5%	5,921,896
	Amortisation	AU	4,899,776	25.7%	3,898,751	5.5%	3,694,790
	Fixed assets in construction	Net	2,127,903	-26.7%	2,901,808	-53.6%	6,259,738
	Gross	AV	2,127,903	-26.7%	2,901,808	-53.6%	6,259,738
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	95,994	-75.7%	394,854	17.3%	336,627
	Gross	AX	95,994	-75.7%	394,854	17.3%	336,627
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	22,815,585		23,429,446		31,848,111

Financial assets

			31/12/2013		31/12/2012		31/12/2011
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	1,325,893	11.4%	1,189,860	-47.1%	2,249,860
	Gross	CU	2,249,859	0.0%	2,249,860	0%	2,249,860
	Amortisation	CV	923,966	-12.8%	1,060,000	0%	0
	Inter-company receivables	Net	0	0%	0	0%	195,338
	Gross	BB	0	0%	0	0%	195,338
	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	32,358	-50.6%	65,438	38.1%	47,377
	Gross	BF	32,358	0%	65,438	0%	47,377
	Amortisation	BG	0		0		0
	Other financial assets	Net	4,250	-8.5%	4,643	0%	4,643
	Gross	BH	4,250	-8.5%	4,643	0%	4,643
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		1,362,501		1,259,941		2,497,218

Current Assets (III)

			31/12/2013		31/12/2012		31/12/2011
	Total Assets	Net	21,200,690	-11.8%	24,024,726	8.7%	22,092,190
	Gross	CJ	21,400,345	-12.8%	24,553,002	9.1%	22,502,252
	Amortisation	CK	199,655	-62.2%	528,276	28.8%	410,062

Stocks

			31/12/2013		31/12/2012		31/12/2011
	Raw materials	Net	3,195,015	-4.8%	3,355,303	-7.8%	3,637,409
	Gross	BL	3,310,883	-6.0%	3,523,513	-4.4%	3,685,923
	Amortisation	BM	115,868	-31.1%	168,210	246.7%	48,514
	Work in progress (goods)	Net	0	0%	3,147,156	0%	0
	Gross	BN	0	0%	3,152,751	0%	0
	Amortisation	BO	0	0%	5,595	0%	0
	Work in progress (services)	Net	0	0%	336,473	0%	0
	Gross	BP	0	0%	336,473	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	4,314,055	0%	0	0%	3,329,779
	Gross	BR	4,329,010	0%	0	0%	3,336,856
	Amortisation	BS	14,955	0%	0	0%	7,077
	Goods for resale	Net	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	7,509,070	9.8%	6,838,932	-1.8%	6,967,188

Advance payments to suppliers

			31/12/2013		31/12/2012		31/12/2011
	Advance payments to suppliers	Net	194,958	0%	0	0%	324,179
	Gross	BV	194,958	0%	0	0%	324,179
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2013		31/12/2012		31/12/2011
	Trade accounts receivable	Net	7,164,319	-34.2%	10,888,023	150.7%	4,342,481
	Gross	BX	7,233,151	-35.7%	11,242,494	139.4%	4,696,952
	Amortisation	BY	68,832	-80.6%	354,471	0%	354,471
	Other debtors	Net	1,950,278	-35.5%	3,023,273	-42.9%	5,299,202
	Gross	BZ	1,950,278	-35.5%	3,023,273	-42.9%	5,299,202
	Amortisation	CA	0	0%	0	0%	0
	Capital subscribed and called up	Net	0	0%	0	0%	0
	Gross	CB	0	0%	0	0%	0
	Amortisation	CC	0	0%	0	0%	0
	Sub Total Debtors	Net	9,114,597	-34.5%	13,911,296	44.3%	9,641,683

Divers

			31/12/2013		31/12/2012		31/12/2011
	Investment securities	Net	1,226	-23.4%	1,600	-98.4%	100,304
	Gross	CD	1,226	-23.4%	1,600	-98.4%	100,304
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	3,456,151	9.2%	3,164,392	-36.5%	4,979,433
	Gross	CF	3,456,151	9.2%	3,164,392	-36.5%	4,979,433
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	3,457,377	9.2%	3,165,992	-37.7%	5,079,737

Prepaid expenses

			31/12/2013		31/12/2012		31/12/2011
	Prepaid expenses	Net	924,688	752.2%	108,506	36.7%	79,403
	Gross	CH	924,688	752.2%	108,506	36.7%	79,403
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2013		31/12/2012		31/12/2011
Multi-period charges	CW3	0	0%	0	0%	37,005
Gross		0	0%	0	0%	37,005
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	08
Gross		0	0%	0	0%	08

References

		31/12/2013		31/12/2012		31/12/2011
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive
Other capital resources | Provisions for risks and charges | Liabilities | Translation loss | Equalization accounts | References

Grand Total - Passive Accounts (I to IV)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to V)	EE	45,842,455	-6.7%	49,159,468	-13.5%	56,810,882

Shareholder Equity (I)

			31/12/2013		31/12/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	13,905,361	26.2%	11,017,155	-60.4%	27,788,260
	Equity and shareholders' equity	DA	6,908,000	0%	6,908,000	0%	6,908,000
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	229,625	0.0%	229,626	267.8%	62,438
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-13,278,278	-532.1%	3,073,170	1390474.7%	221
	Profit or loss for the period	DI	3,559,757	121.8%	-16,351,448	-589.0%	3,343,757
	Investment grants	DJ	218,310	-8.5%	238,660	-2.3%	244,274
	Special tax-allowable reserves	DK	16,267,947	-3.8%	16,919,147	-1.8%	17,229,570

Other capital resources (II)

			31/12/2013		31/12/2012		31/12/2011
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/12/2013		31/12/2012		31/12/2011
	Total provisions for risks and charges (Total III)	DR	1,835,182	27.5%	1,439,264	12.1%	1,284,320
	Risk provisions	DP	361,000	102.8%	178,000	-11.0%	200,008
	Reserves for charges	DQ	1,474,182	16.9%	1,261,264	16.3%	1,084,312

Liabilities (IV)

			31/12/2013		31/12/2012		31/12/2011
	Total Liabilities (Total IV)	EC	30,101,909	-18.0%	36,703,050	32.3%	27,738,301
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	8,251,032	8.8%	7,583,576	64.1%	4,622,623
	Sundry loans and financial liabilities	DV	148,931	-52.5%	313,454	-65.4%	906,274
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	1,286,381	-57.1%	2,996,664	-10.3%	3,340,517
	Trade accounts payables	DX	10,290,332	-7.5%	11,130,566	-3.9%	11,577,560
	Tax and social security liabilities	DY	4,113,107	12.3%	3,661,576	-0.8%	3,692,734
	Fixed asset liabilities	DZ	748,904	-45.8%	1,381,903	-39.7%	2,291,835
	Other debts	EA	4,588,222	-48.6%	8,932,411	625.8%	1,230,758

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	675,000	-4.0%	702,900	824.9%	76,000

References

		31/12/2013		31/12/2012		31/12/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Result account
Sales of Goods | Operating charges | Operating charges | Financial income | Financial charges | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result (I-II)

		31/12/2013		31/12/2012		31/12/2011
Operating result (Total I-II)	GG	2,678,616	160.5%	-4,430,292	-739.9%	692,292

2 - Financial result (V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	-314,069	68.8%	-1,006,548	-335.8%	-230,974

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

		31/12/2013		31/12/2012		31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	2,364,547	143.5%	-5,436,840	-1278.5%	461,318

4 - Extraordinary result (VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	695,102	106.2%	-11,281,001	-513.6%	2,727,267

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	3,559,758	121.8%	-16,351,448	-589.0%	3,343,757

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	76,324,724	16.4%	65,559,833	-14.3%	76,516,294

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

		31/12/2013		31/12/2012		31/12/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	72,764,966	-11.2%	81,911,281	11.9%	73,172,538

Operating income (I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	70,067,194	13.3%	61,854,665	-7.6%	66,958,774

Operating income (details)

			31/12/2013		31/12/2012		31/12/2011
	Sale of goods for resale	FC	0	0%	0	0%	36,381
	France	FA	0	0%	0	0%	36,381
	Export	FB	0	0%	0	0%	0
	Sale of goods produced	FF	61,150,378	4.9%	58,292,564	-4.4%	60,973,173
	France	FD	7,733,823	17.2%	6,598,533	-7.4%	7,123,067
	Export	FE	53,416,555	3.3%	51,694,031	-4.0%	53,850,106
	Sale of services	FI	4,370,115	63.3%	2,675,838	-14.8%	3,139,485
	France	FG	819,575	-13.8%	951,323	-1.7%	968,105
	Export	FH	3,550,540	105.9%	1,724,515	-20.6%	2,171,380
	Net turnover	FL	65,520,493	7.5%	60,968,402	-5.0%	64,149,039
	France	FJ	8,553,398	13.3%	7,549,856	-7.1%	8,127,553
	Export	FK	56,967,095	6.6%	53,418,546	-4.6%	56,021,486
	Stocked production	FM	1,194,941	749.1%	-184,105	-113.1%	1,405,441
	Self-constructed assets	FN	875,204	22.7%	713,284	-26.4%	969,198
	Operating grants	FO	25,723	69.3%	15,194	-88.9%	137,479
	Release of reserves and provisions	FP	2,324,937	586.9%	338,448	13.8%	297,415
	Other income	FQ	125,896	3557.6%	3,442	1604.0%	202

Operating charges (II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	67,388,578	1.7%	66,284,957	0.0%	66,266,482

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	0	0%	-149	-100.5%	32,970
Change in stocks of goods for resale	FT	0	0%	12,362,579	0%	0
Purchase of raw materials	FU	11,854,273	7100.4%	164,633	-98.8%	13,728,617
Change in stocks of raw materials	FV	196,780	-99.4%	32,370,283	41498.5%	-78,192
Other external purchases and charges	FW	34,070,068	2189.1%	1,488,393	-95.5%	32,807,605
Tax, duty and similar payments	FX	1,569,418	-84.9%	10,371,195	583.4%	1,517,598
Payroll	FY	10,683,269	97.7%	5,404,666	-44.7%	9,771,461
Social security costs	FZ	5,277,892	0%	0	0%	5,247,333

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	3,007,006	-21.1%	3,811,306	21.7%	3,132,912
Amortisation of fixed assets	GB	0	0%	128,601	0%	0
Depreciation/amortisation of current assets	GC	132,823	-27.6%	183,451	230.0%	55,591
Provisions for risks and charges	GD	290,568	0%	0	0%	50,000

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	306,481	30648200%	-01	-100.2%	587

Operating charges (III-IV)

		31/12/2013		31/12/2012		31/12/2011
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/12/2013		31/12/2012		31/12/2011
	Total financial income (Total V)	GP	620,149	-5.8%	658,526	-21.1%	835,064
	Share financial income	GJ	0	0%	0	0%	5,306
	Other investment income & capitalised receivables	GK	0	0%	258,146	0%	0
	Other interest and similar income	GL	16,252	11.3%	14,602	585.9%	2,129
	Released provisions and transferred charges	GM	136,034	1700325.0%	08	-90.2%	82
	Exchange gains	GN	467,863	21.3%	385,770	-53.4%	827,547
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2013		31/12/2012		31/12/2011
	Total financial charge (Total VI)	GU	934,218	-43.9%	1,665,074	56.2%	1,066,038
	Financial reserves and provisions	GQ	0	0%	1,060,000	13249900%	08
	Interest and similar charges	GR	403,006	84.7%	218,161	-15.6%	258,554
	Exchange losses	GS	531,212	37.3%	386,913	-52.1%	807,476
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary income (Total VII)	HD	5,637,381	85.0%	3,046,642	-65.1%	8,722,456
	Extraordinary operating income	HA	374	0%	0	0%	130,657
	Extraordinary income from capital transactions	HB	62,221	-61.8%	162,674	-96.6%	4,776,584
	Released provisions and transferred charges	HC	5,574,786	93.3%	2,883,968	-24.4%	3,815,215

Extraordinary charges (VIII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary charges (Total VIII)	HH	4,942,279	-65.5%	14,327,643	139.0%	5,995,189
	Extraordinary operating charges	HE	8,843	-65.3%	25,468	1039.5%	2,235
	Extraordinary charges from capital transactions	HF	121,458	114.7%	56,578	-96.9%	1,817,569
	Extraordinary reserves and provisions	HG	4,811,978	-66.2%	14,245,597	241.2%	4,175,385

Employee profit sharing (IX)

		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	-500,109	-36.5%	-366,393	-136.1%	-155,171

References

		31/12/2013		31/12/2012		31/12/2011
Of which equipment leases	HP	981,828	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	1,765,344	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomes tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period
Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	20,563,252	0%	0
	Gross value at the end of period	OL	0	0%	105,334,053	0%	0

Research and development Charge (Total I)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	KD	0	0%	1,656,247	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	212,168	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	0	0%	1,868,415	0%	0

Tangible fixed assets (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LN	0	0%	94,946,649	0%	0
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	26,371,623	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	20,172,575	0%	0
	Gross value at the end of period	NH	0	0%	101,145,697	0%	0

Fiancial assets (Total IV)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LQ	0	0%	2,497,219	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	213,398	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	390,677	0%	0
	Gross value at the end of period	NK	0	0%	2,319,940	0%	0

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

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	PE	0	0%	1,319,897	0%	0
Increases		PF	0	0%	486,901	0%	0
Decreasess		PG	0	0%	383,738	0%	0
	Decreasess by budget item transfer	PH	0	0%	1,423,060	0%	0

Total fixed assets amotisation (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	0	0%	43,049,401	0%	0
Increases		QV	0	0%	34,883,479	0%	0
Decreases		QW	0	0%	30,204,534	0%	0
	Decreasess by budget item transfer	QX	0	0%	47,728,346	0%	0

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2013		31/12/2012		31/12/2011
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

Provisions included in balance sheet
Grand Total (I-II-III)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7C	0	0%	38,973,089	0%	0
Increases		UB	0	0%	20,544,409	0%	0
Decreases		UC	0	0%	9,582,908	0%	0
	Value at the end of period	UD	0	0%	49,934,590	0%	0

Includes Total allocations

Operating	UE	0	0%	312,053	0%	0
Financial	UG	0	0%	1,060,000	0%	0
Exceptional	UJ	0	0%	12,462,312	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	70,388	0%	0
Financial	UH	0	0%	08	0%	0
Exceptional	UK	0	0%	2,883,968	0%	0

Total regulated provisions (Total I)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	3Z	0	0%	17,229,570	0%	0
Increases		TS	0	0%	949,312	0%	0
Decreases		TT	0	0%	1,259,736	0%	0
	Value at the end of period	TU	0	0%	16,919,146	0%	0

Total risk and charge provisions (Total II)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	5Z	0	0%	1,284,320	0%	0
Increases		TV	0	0%	264,951	0%	0
Decreases		TW	0	0%	110,008	0%	0
	Value at the end of period	TX	0	0%	1,439,263	0%	0

Total Provision for depreciation (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7B	0	0%	20,459,199	0%	0
Increases		TY	0	0%	19,330,145	0%	0
Decreases		TZ	0	0%	8,213,164	0%	0
	Value at the end of period	UA	0	0%	31,576,180	0%	0

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

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	0	0%	14,444,354	0%	0
1 year at most	VU	0	0%	14,085,050	0%	0
More than one year	VV	0	0%	359,304	0%	0

State of loans

		31/12/2013		31/12/2012		31/12/2011
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	65,438	0%	0
Loans (1 year at most)	UR	0	0%	65,438	0%	0
Other financial assets (gross)	UT	0	0%	4,643	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2013		31/12/2012		31/12/2011
Customers doubtful or disputed	VA	0	0%	354,661	0%	0
Other claims customer	UX	0	0%	10,887,833	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	12,187	0%	0
Social Security and other social organizations	UZ	0	0%	45	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	1,358,225	0%	0
Other taxes and payments assimilated	VN	0	0%	73,369	0%	0
State and other public - Miscellaneous	VP	0	0%	60,000	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	1,519,447	0%	0

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	0	0%	108,506	0%	0

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	0	0%	33,706,579	0%	0
1 year at most		VZ2	0	0%	33,706,579	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2013		31/12/2012		31/12/2011
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	5,201,113	0%	0
1 year at most		VG2	0	0%	5,201,113	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	2,382,462	0%	0
1 year at most		VH2	0	0%	2,382,462	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	313,647	0%	0
1 year at most		8A2	0	0%	313,647	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	0	0%	11,130,566	0%	0
1 year at most		8B2	0	0%	11,130,566	0%	0
More than 1 year and 5 years at most		8B3	0	0%	11,130,566	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	1,584,125	0%	0
1 year at most		8C2	0	0%	1,584,125	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	1,935,405	0%	0
1 year at most		8D2	0	0%	1,935,405	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	51,225	0%	0
1 year at most		VW2	0	0%	51,225	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	90,821	0%	0
1 year at most		VQ2	0	0%	90,821	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	1,381,903	0%	0
1 year at most		8J2	0	0%	1,381,903	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%	5,657,515	0%	0
1 year at most		VI2	0	0%	5,657,515	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	3,274,896	0%	0
1 year at most		8K2	0	0%	3,274,896	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	702,900	0%	0
1 year at most		8L2	0	0%	702,900	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2013		31/12/2012		31/12/2011
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2013		31/12/2012		31/12/2011
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2013		31/12/2012		31/12/2011
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2013		31/12/2012		31/12/2011
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2013		31/12/2012		31/12/2011
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/12/2013		31/12/2012		31/12/2011
Average number of employees	YP	0	0%	277	0%	0

Groups and Shareholders

		31/12/2013		31/12/2012		31/12/2011
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

Ratios
Structure and liquidity | Management or rotation | Profitability of the business | Return on capital

Structure and Liquidity

		31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Fixed Asset Financing		1	5.3%	0.95	-5.0%	1	1.13	-11.5%
Global Debt		165 days	-24.0%	217 days	39.1%	156 days	135 days	22.2%
Working Capital Fund overall net		-3 days	89.3%	-28 days	0%	0 days	56 days	-105.4%
Financial independence		165.54%	18.7%	139.51%	-72.2%	502.60%	234.58%	-29.4%
Solvability		30.33%	35.3%	22.41%	-54.2%	48.91%	46.62%	-34.9%
Capacity debt futures		%	-	145.28%	-	%	4281.72%	-
Coverage of current assets by net working capital overall		-2.45%	87.5%	-19.56%	-5333.3%	-0.36%	35.16%	-107.0%
General Liquidity			-	0.42	-		0.70	-
Restricted Liquidity			-	0.51	-		0.90	-

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Need background in operating working capital		-23 days	46.5%	-43 days	-48.3%	-29 days	40 days	-157.5%
Treasury		19 days	0%	19 days	-34.5%	29 days	4 days	375.0%
Inventory turnover of goods		days	-	0 days	0%	0 days	18 days	-
Average length of credit granted to customers		40 days	-39.4%	66 days	153.8%	26 days	52 days	-23.1%
Average length of credit obtained suppliers		80 days	-7.0%	86 days	-4.4%	90 days	66 days	21.2%
Inventory turnover of raw materials in industrial enterprises		101 days	-98.7%	7705 days	7843.3%	97 days	61 days	65.6%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	60 days	-	days	112 days	-
Rotation tangible assets		%	-	60.28%	-	%	164.18%	-

Profitability of the business

		31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Margin trading		0%	0%	-20.28%	-202900%	0.01	0.81%	0%
Profitability of the business		6.05	670.8%	-1.06	-118.7%	5.66	5.48%	10.4%
Net profit		5.43%	120.2%	-26.82%	-614.8%	5.21%	2.48%	119.0%
Growth rate of turnover (excluding VAT)		7.47%	250.6%	-4.96%	-171.3%	6.96%	0%	0%
Rates integration		32.77%	32.2%	24.79%	-20.6%	31.23%	30.43%	7.7%
Rate leasing furniture		1.50%	0%	0%	0%	0%	0%	0%
Work Factor		74.34%	107.9%	35.76%	-52.3%	74.97%	68.81%	8.0%
Weight interests		1.43	-47.6%	2.73%	64.5%	1.66%	0.59%	142.4%

Return on capital

		31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Cash flow from the overall profitability		17.46%	6566.7%	-0.27%	-102.3%	11.99%	5.81%	200.5%
Rates of economic profitability		18%	700%	-3%	-127.3%	11%	13.50%	33.3%
Financial profitability		13905361%	26.2%	11017155%	-60.4%	27788260%	1300483%	969.2%
Return on investment		20.15%	125.9%	-77.65%	-686.5%	13.24%	6.23%	223.4%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Turnover	65,520,493	7.5%	60,968,402	-5.0%	64,149,039	5,052,259 €	1196.9%

Sales of goods	0	0%	0	0%	36,381
- Purchase of goods	0	0%	-149	-100.5%	32,970
+/- Stock of goods variation	0	0%	12,362,579	0%	0
Trading margin	0 €	0%	-12,362,430 €	-362528.3%	3,411 €	8,099 €	0%
	0.00 % CA	0%	-20.28 % CA	-202900%	0.01 % CA	0.86 % CA	0%

Sale of goods produced	65,520,493	7.5%	60,968,402	-4.9%	64,112,658
+/- Stocked production	1,194,941	749.1%	-184,105	-113.1%	1,405,441
+ Self-constructed assets	875,204	22.7%	713,284	-26.4%	969,198
Period production	67,590,638 €	9.9%	61,497,581 €	-7.5%	66,487,297 €	2,875,257 €	2250.8%
	103.16 % CA	2.3%	100.87 % CA	-2.7%	103.65 % CA	97.21 % CA	6.1%

Trading margin	0	0%	-12,362,430	-362528.3%	3,411	8,099	0%
+ Period Production	67,590,638	9.9%	61,497,581	-7.5%	66,487,297	2,875,257	2250.8%
- Purchase of raw materials	11,854,273	7100.4%	164,633	-98.8%	13,728,617
+/- Change in stocks of raw materiels	196,780	-99.4%	32,370,283	41498.5%	-78,192
- Other external purchases and charges	34,070,068	2189.1%	1,488,393	-95.5%	32,807,605
Added value	21,469,517 €	42.1%	15,111,842 €	-24.6%	20,032,678 €	1,321,816.50 €	1524.2%
	32.77 % CA	32.2%	24.79 % CA	-20.6%	31.23 % CA	30.43 % CA	7.7%

Added value	21,469,517 €	42.1%	15,111,842 €	-24.6%	20,032,678 €	1,321,816.50 €	1524.2%
+ Operating grants	25,723	69.3%	15,194	-88.9%	137,479
- Tax, duty and similar payments	1,569,418	-84.9%	10,371,195	583.4%	1,517,598
- Personal charges	15,961,161	195.3%	5,404,666	-64.0%	15,018,794
Gross operating surplus	3,964,661 €	711.1%	-648,825 €	-117.9%	3,633,765 €	179,480 €	2109.0%
	6.05 % CA	670.8%	-1.06 % CA	-118.7%	5.66 % CA	5.48 % CA	10.4%

Gross operating surplus	3,964,661 €	711.1%	-648,825 €	-117.9%	3,633,765 €	179,480 €	2109.0%
+ Release of reserves and provisions	2,324,937	586.9%	338,448	13.8%	297,415
+ Other operating income	125,896	3557.6%	3,442	1604.0%	202
- Depreciation/Amortisation	3,430,397	-16.8%	4,123,358	27.3%	3,238,503
- Other charges	306,481	30648200%	-01	-100.2%	587
Operating result	2,678,616 €	160.5%	-4,430,292 €	-739.9%	692,292 €	35,424.50 €	7461.5%
	4.09 % CA	156.3%	-7.27 % CA	-773.1%	1.08 % CA	2.20 % CA	85.9%

Operating result	2,678,616 €	160.5%	-4,430,292 €	-739.9%	692,292 €	35,424.50 €	7461.5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	620,149	-5.8%	658,526	-21.1%	835,064
- Financial charges	934,218	-43.9%	1,665,074	56.2%	1,066,038
Pre-tax result	2,364,547 €	143.5%	-5,436,840 €	-1278.5%	461,318 €	16,807 €	13968.8%
	3.61 % CA	140.5%	-8.92 % CA	-1338.9%	0.72 % CA	1.55 % CA	132.9%

Extraordinary income	5,637,381	85.0%	3,046,642	-65.1%	8,722,456	17,271	32540.7%
- Extraordinary charges	4,942,279	-65.5%	14,327,643	139.0%	5,995,189
Extraordinary result	695,102 €	106.2%	-11,281,001 €	-513.6%	2,727,267 €	-44.50 €	1562127.0%
	1.06 % CA	105.7%	-18.50 % CA	-535.3%	4 % CA	-00.01 % CA	10700%

Pre-tax result	2,364,547 €	143.5%	-5,436,840 €	-1278.5%	461,318 €	16,807 €	13968.8%
Extraordinary result	695,102 €	106.2%	-11,281,001 €	-513.6%	2,727,267 €	-44.50 €	1562127.0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	-500,109	-36.5%	-366,393	-136.1%	-155,171
Net result	3,559,758 €	121.8%	-16,351,448 €	-589.0%	3,343,756 €	40,763.50 €	8632.7%
	5.43 % CA	120.2%	-26.82 % CA	-614.8%	5.21 % CA	2.48 % CA	119.0%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	02/02/2012
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	NIPPON SODA
Direct parent	INTERNATIONAL ALKALINE - 100 %
Group – Number of companies	29
Linkages – Number of companies	251
Number of countries	45

Group Structure

Company Name	SIREN	Parts	Last account published
NIPPON SODA	-	-	-
NISSO BASF AGRO CO. LTD	-	Majority	-
ALKALINE	438014912	100%	31/12/2012
INTERNATIONAL ALKALINE	412549636	100%	31/12/2013
MSSA	410219042	100%	31/12/2013
MSSA COMPANY	-	100%	-
CERTIS EUROPE B.V.	30110489	Majority	31/03/2014
SHINFUJI KASEIYAKU CO LTD	-	Majority	-
NISSO SHOJI CO LTD	-	Majority	-
NISSO ENGINEERING CO LTD	-	Majority	-
NISSO CHEMICAL ANALYSIS SERVICE CO L...	-	Majority	-
NISSO GREEN CO LTD	-	Majority	-
NISSO CONSTRUCTION CO LTD	-	Majority	-
NISSO FINE CO LTD	-	Majority	-
SANWA SOKO CO LTD	-	Majority	-
JOETSU NISSO CHEMICAL CO LTD	-	Majority	-
SANSO UNYU CO LTD	-	Majority	-
NISSO METALLOCHEMICAL CO LTD	-	Majority	-
NISSO AMERICA INC	-	Majority	-
IHARABRAS S/A INDÚSTRIAS QUÍMICAS LT...	-	Majority	-
NISSO CHEMICAL EUROPE GMBH	HRB 28513	Majority	31/03/2013
NISSO NAMHAE AGRO CO LTD	-	Majority	-
NISSO BRASILEIRA REPRESENTAÇÃO LTDA	-	Majority	-
NISSO KOREA CO LTD	-	Majority	-
NIPPON SODA TRADING (SHANGHAI) CO LT...	-	Majority	-
NISSO TM LLC	-	Majority	-
NOVUS INTERNATIONAL INC	-	Majority	-
LILING FINE CHEMICALS	-	Majority	-
JAPAN AGRO SERVICES SA	443672357	Majority	31/03/2014

Linkages

Ultimate parent company	NIPPON SODA
Direct parent	INTERNATIONAL ALKALINE - 100 %
Group – Number of companies	29
Linkages – Number of companies	251
Number of countries	45

Company Name	SIREN	Last account	Turnover
NIPPON SODA	2205	31/03/2014	1 206 055 617 €
SANWA SOKO	2054113	31/03/2014	45 308 638 €
CROMPTON EUROPEAN HOLDINGS B.V.	33298498	31/12/2011	-
CROMPTON OVERSEAS B.V.	33298703	31/12/2011	-
CROMPTON FINANCIAL HOLDINGS	IE163064	31/12/2013	5 124 504 €
CROMPTON HOLDINGS B.V.	33267463	31/12/2012	-
BAXENDEN CHEMICALS LIMITED	00147556	31/12/2013	30 271 000 £
UNICORB LIMITED	02985120	31/12/2004	0 £
CROMPTON CHEMICALS B.V.	33267874	31/12/2012	-
DAVIS-STANDARD (DEUTSCHLAND) GMBH	HRB 13735	30/09/2012	-
CROMPTON SPECIALTIES GMBH	HRB 7982	31/12/2012	-
JONK B.V.	36031216	31/12/2013	-
CROMPTON (UNIROYAL CHEMICAL) REGISTRATIO...	04323294	31/12/2013	-
D-S BROOKES LIMITED	04066333	31/12/2013	-
ISOFOAM LIMITED	00593481	31/12/2010	-
DAVIS-STANDARD LIMITED	03489005	31/12/2013	-
UNIROYAL CHEMICAL	15416	-	-
UNIROYAL CHEMICAL SARL, EN LIQUIDATION	376521	-	-
CROMPTON AG	605661	-	-
ENENCO INC	US04696699	-	0 $
CROMPTON CONSTRUCTION CO	US08802975	-	4 694 000 $
NPC SERVICES, INC	US17194135	-	1 607 000 $
NISSO AMERICA CORP	US19237237	-	0 $
UNIROYAL CHEMICAL CO, INC	US20307343	-	0 $
TRACE CHEMICALS LLC	US21933394	-	0 $
CROMPTON INTERNATIONAL INC	US29424695	-	0 $
CROMPTONMONOCHEM	US36969738	-	0 $
WEBER CITY ROAD LLC	US43172440	-	0 $
CNK CHEMICAL REALTY CORP	US43270585	-	0 $
MONOCHEM INC	US43769069	-	0 $
CROMPTON COLORS INCORPORATED	US43804529	-	0 $
CHEMTURA CORP	US44607251	-	2 231 000 000 $
NAUGATUCK TREATMENT CO	US44898986	-	0 $
9056-0921 QUEBEC INC.	-	-	-
AGRO ST INC.	-	-	-
ANDEROL B.V.	-	-	-
ANDEROL ITALIA S.R.L.	-	-	-
ANDEROL ITALIA S.R.L.	-	-	-
ANDEROL B.V.	-	-	-
ANTIMONY PRODUCTS	-	-	-
ANTIMONY PRODUCTS	-	-	-
AQUA CLEAR INDUSTRIES, LLC	-	-	-
ASEPSIS, INC.	-	-	-
ASEPSIS INC.	-	-	-
ASIA STABILIZERS CO., LTD.	-	-	-
ASSURED INSURANCE COMPANY	-	-	-
BAXENDEN SCANDINAVIA A.S.	-	-	-
BAYROL DEUTSCHLAND GMBH	-	-	-
BAYROL FRANCE S.A.S.	-	-	-
BAYROL IBERICA S.A.	-	-	-
BIO-LAB CANADA INC.	-	-	-
BIO-LAB, INC.	-	-	-
BIOLAB AUSTRALIA PTY. LTD.	-	-	-
BIOLAB U.K. LIMITED	-	-	-
BLSA INDUSTRIES (PROPRIETARY)	-	-	-
CHEMOL RESZVENYTARSASAG	-	-	-
CHEMTURA	-	-	-
CHEMTURA (CHINA) HOLDING	-	-	-
CHEMTURA (HK) HOLDING CO.	-	-	-
CHEMTURA (PTY) LIMITED	-	-	-
CHEMTURA (THAILAND) LIMITED	-	-	-
CHEMTURA ADVANCED MATERIALS	-	-	-
CHEMTURA ADVANCED MATERIALS	-	-	-
CHEMTURA AUSTRALIA PTY.	-	-	-
CHEMTURA AUSTRALIA PTY. LTD.	-	-	-
CHEMTURA BELGIUM N.V.	-	-	-
CHEMTURA BELGIUM N.V.	-	-	-
CHEMTURA CANADA CO. / CIE	-	-	-
CHEMTURA CHEMICALS (NANJING)	-	-	-
CHEMTURA CHEMICALS (NANJING)	-	-	-
CHEMTURA CHEMICALS INDIA	-	-	-
CHEMTURA COLOMBIA LTDA.	-	-	-
CHEMTURA COLOMBIA LTDA.	-	-	-
CHEMTURA CORPORATION MEXICO	-	-	-
CHEMTURA CORPORATION MEXICO	-	-	-
CHEMTURA EUROPE D.O.O.	-	-	-
CHEMTURA EUROPE D.O.O.	-	-	-
CHEMTURA EUROPE GMBH	-	-	-
CHEMTURA EUROPE LIMITED	-	-	-
CHEMTURA EUROPE GMBH	-	-	-
CHEMTURA FRANCE SAS	-	-	-
CHEMTURA HOLDING COMPANY	-	-	-
CHEMTURA HOLDINGS GMBH	-	-	-
CHEMTURA HOLDINGS GMBH	-	-	-
CHEMTURA HONG KONG LIMITED	-	-	-
CHEMTURA INDUSTRIA QUIMICA	-	-	-
CHEMTURA ITALY S.R.L.	-	-	-
CHEMTURA ITALY S.R.L.	-	-	-
CHEMTURA JAPAN LIMITED	-	-	-
CHEMTURA KOREA INC.	-	-	-
CHEMTURA KOREA INC.	-	-	-
CHEMTURA LLC	-	-	-
CHEMTURA MANAGEMENT GMBH	-	-	-
CHEMTURA MANUFACTURING GERMANY	-	-	-
CHEMTURA MANUFACTURING GERMANY	-	-	-
CHEMTURA MANUFACTURING ITALY	-	-	-
CHEMTURA MANUFACTURING ITALY	-	-	-
CHEMTURA MANUFACTURING UK	-	-	-
CHEMTURA NETHERLANDS B.V.	-	-	-
CHEMTURA NETHERLANDS B.V.	-	-	-
CHEMTURA NEW ZEALAND LIMITED	-	-	-
CHEMTURA ORGANOMETALLICS GMBH	-	-	-
CHEMTURA ORGANOMETALLICS GMBH	-	-	-
CHEMTURA QUIMICA ARGENTINA	-	-	-
CHEMTURA QUIMICA ARGENTINA	-	-	-
CHEMTURA SALES EUROPE B.V.	-	-	-
CHEMTURA SALES EUROPE B.V.	-	-	-
CHEMTURA SALES FRANCE SAS	-	-	-
CHEMTURA SALES GERMANY GMBH	-	-	-
CHEMTURA SALES GERMANY GMBH	-	-	-
CHEMTURA SALES MEXICO	-	-	-
CHEMTURA SALES UK LIMITED	-	-	-
CHEMTURA SHANGHAI CO., LTD.	-	-	-
CHEMTURA SHANGHAI CO.	-	-	-
CHEMTURA SINGAPORE PTE.	-	-	-
CHEMTURA SINGAPORE PTE. LTD.	-	-	-
CHEMTURA SPECIALTIES ECUADOR	-	-	-
CHEMTURA SPECIALTIES ECUADOR	-	-	-
CHEMTURA SPECIALTIES INDIA	-	-	-
CHEMTURA TAIWAN LIMITED	-	-	-
CHEMTURA TECHNOLOGY B.V.	-	-	-
CHEMTURA TECHNOLOGY B.V.	-	-	-
CHEMTURA UK LIMITED	-	-	-
CHEMTURA UKRAINE LLC	-	-	-
CHEMTURA UKRAINE LLC	-	-	-
CHEMTURA VERWALTUNGS GMBH	-	-	-
CHEMTURA LLC	-	-	-
CK WITCO SPECIALTIES THAILAND	-	-	-
CROMPTON & KNOWLES OF CANADA L	-	-	-
CROMPTON & KNOWLES RECEIVABLES	-	-	-
CROMPTON AGRIBUSINESS PTY. LIM	-	-	-
CROMPTON B.V.	-	-	-
CROMPTON CHEMICAL (PTY) LIMITE	-	-	-
CROMPTON CHEMICAL S.R.L.	-	-	-
CROMPTON CHIMICA S.R.L.	-	-	-
CROMPTON CO./CIE	-	-	-
CROMPTON CORPORATION LIMITADA	-	-	-
CROMPTON CORPORATION S.A. DE C	-	-	-
CROMPTON DE COLOMBIA LIMITADA	-	-	-
CROMPTON ESPANA S.L.	-	-	-
CROMPTON EUROPE B.V.	-	-	-
CROMPTON EUROPE FINANCIAL SERV	-	-	-
CROMPTON EUROPE LIMITED	-	-	-
CROMPTON GMBH	-	-	-
CROMPTON GRAND BANKS INC.	-	-	-
CROMPTON HOLDING CORPORATION	-	-	-
CROMPTON HOLDING S.A DE C.V.	-	-	-
CROMPTON HOLDINGS GMBH	-	-	-
CROMPTON INC.	-	-	-
CROMPTON INTERNATIONAL SALES C	-	-	-
CROMPTON INVESTMENTS S.A.S.	-	-	-
CROMPTON IRELAND INVESTMENT	-	-	-
CROMPTON KAZAKHSTAN LLP	-	-	-
CROMPTON LIMITADA	-	-	-
CROMPTON LIMITED	-	-	-
CROMPTON N.V.	-	-	-
CROMPTON NETHERLANDS B.V.	-	-	-
CROMPTON QUIMICA S.A.C.I	-	-	-
CROMPTON S.A.	-	-	-
CROMPTON S.R.L.	-	-	-
CROMPTON SALES COMPANY, INC.	-	-	-
CROMPTON SERVICES B.V.B.A.	-	-	-
CROMPTON SERVICIOS S.A. DE C.V	-	-	-
CROMPTON SPECIALTIES ASIA PACI	-	-	-
CROMPTON SPECIALTIES HOLDING C	-	-	-
CROMPTON SPECIALTIES LIMITED	-	-	-
CROMPTON SPECIALTIES LIMITED	-	-	-
CROMPTON SPECIALTIES LIMITED	-	-	-
CROMPTON SPECIALTIES NANJING C	-	-	-
CROMPTON SPECIALTIES PTE.LIMIT	-	-	-
CROMPTON SPECIALTIES PTY.LIMIT	-	-	-
CROMPTON SPECIALTIES S.A.	-	-	-
CROMPTON SPECIALTIES SDN. BHD.	-	-	-
CROMPTON SPECIALTIES SHANGHAI	-	-	-
CROMPTON TECHNOLOGY B.V.	-	-	-
CROMPTON VINYL ADDITIVES GMBH	-	-	-
CROMPTON, INC.	-	-	-
CROMPTON-CNCCC DANYANG CHEMICA	-	-	-
DAVIS-STANDARD CORPORATION	-	-	-
DAVIS-STANDARD FRANCE S.A.R.L.	-	-	-
DAVIS-STANDARD GMBH	-	-	-
DAYSTAR MATERIALS L.L.C.	-	-	-
DIAKHEM TECHNOLOGIES, LLC	-	-	-
FASTING JONK N.V.	-	-	-
FIRMA W/K WITCO EPA	-	-	-
GL DEVELOPMENT, LTD.	-	-	-
GLCC LAUREL DE MEXICO, S.A.	-	-	-
GLCC LAUREL, LLC	-	-	-
GLCC MEXICO HOLDINGS, INC.	-	-	-
GREAT LAKES	-	-	-
GREAT LAKES CHEMICAL	-	-	-
GREAT LAKES CHEMICAL	-	-	-
GREAT LAKES CHEMICAL	-	-	-
GREAT LAKES CHEMICAL	-	-	-
GREAT LAKES EUROPE UNLIMITED	-	-	-
GREAT LAKES HOLDING (EUROPE)	-	-	-
GREAT LAKES HOLDING S.A.S.	-	-	-
GT SEED INTERNATIONAL COMPANY	-	-	-
GT SEED TREATMENT, INC.	-	-	-
GULF STABILIZERS INDUSTRIES	-	-	-
GULF STABILIZERS INDUSTRIES	-	-	-
GUSTAFSON LLC	-	-	-
GUSTAFSON PARTNERSHIP	-	-	-
HANDELSMAATSCHAPPIJ CAMPHINA N	-	-	-
HERDILLIA UNIMERS LIMITED	-	-	-
HOMECARE LABS, INC.	-	-	-
HYDROTECH CHEMICAL CORPORATION	-	-	-
HYDROTECH CHEMICAL CORPORATION	-	-	-
IHARABRAS S/A INDUSTRIAS	-	-	-
INDUSTRIAS GUSTAFSON S.A. DE C	-	-	-
INTERBAYROL, A.G.	-	-	-
ISEM S.R.L.	-	-	-
JOETSU NISSO CHEMICAL CO LTD	-	-	-
KEM MANUFACTURING CORPORATION	-	-	-
KNIGHT INVESTMENTS B.V.	-	-	-
LUCIA KAARSEN FABRIEK N.V.	-	-	-
MPC S.A.R.L.	-	-	-
NANJING CROMPTON SHUGUANG ORGA	-	-	-
NAUGATUCK TREATMENT COMPANY	-	-	-
NERAP EXPEDITIE B.V.	-	-	-
NISSO BASF AGRO CO LTD	-	-	-
NISSO ENGINEERING CO LTD	-	-	-
NISSO FINECHEMICALS CO LTD	-	-	-
NISSO GREEN CO LTD	-	-	-
NISSO JUSHI CO LTD	-	-	-
NISSO KENSETSU CO LTD	-	-	-
NISSO METALLOCHEMICAL CO LTD	-	-	-
NISSO SHOJI CO LTD	-	-	-
NOVUS INTERNATIONAL INC	-	-	-
POOLBRITE (SA) (PTY) LTD	-	-	-
PT CROMPTON INDONESIA	-	-	-
RECREATIONAL WATER PRODUCTS	-	-	-
RECREATIONAL WATER PRODUCTS	-	-	-
RUBICON LLC	-	-	-
SHINFUJI KASEIYAKU CO LTD	-	-	-
UNIMERS INDIA LIMITED	-	-	-
UNIROYAL CHEMICAL COMPANY LIMI	-	-	-
UNIROYAL CHEMICAL COMPANY LIMI	-	-	-
UNIROYAL CHEMICAL COMPANY, INC	-	-	-
UNIROYAL CHEMICAL COMPANY, INC	-	-	-
UNIROYAL CHEMICAL LEASING COMP	-	-	-
UNIROYAL CHEMICAL MEXICO S.A.	-	-	-
UNIROYAL CHEMICAL TAIWAN LIMIT	-	-	-
VESTARON CORPORATION	-	-	-
WITCO CORPORATION UK LIMITED	-	-	-
WITCO EUROPE INVESTMENT PARTNE	-	-	-
WITCO INVESTMENT HOLDINGS B.V.	-	-	-
WITCO INVESTMENTS B.V.	-	-	-
WITCO IRELAND INVESTMENT COMPA	-	-	-
WITCO POLYMERS AND RESINS B.V.	-	-	-
WITCO WARMTEKRACHT B.V.	-	-	-

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
25/01/2015	Bodacc B	Modification et mutation diverse
73 - SAVOIE GREFFE DU TRIBUNAL DE COMMERCE DE CHAMBÉRY 1334 - 410 219 042 RCS Chambery. MSSA. Forme : Société par actions simplifiée à associé unique. Administration : Président : GASTINNE Bruno Directeur général : MOULIS Thierry Georges Adrien Commissaire aux comptes titulaire : ERNST & YOUNG et Autres Commissaire aux comptes suppléant : AUDITEX Directeur général Membre du comité de pilotage : COTA Damien Charles François en fonction le 26 Août 2014 Directeur général : MATHIEU Séverin Thierry Marie Christian en fonction le 16 Janvier 2015. Activité : . Commentaires : Modification de représentant.
01/01/2015	JAL	Appointment of the social representative
Journal du batiment et des travaux publics (Le) Date de décision : 15/12/2014 Société faisant l'objet d'une nomination : 410219042 - MSSA, METAUX SPECIAUX, POMBLIERE, 73600 SAINT MARCEL Nominé : Monsieur Séverin MATHIEU, 73700 MONTVALEZAN En la fonction de : Directeur général
15/09/2014	Bodacc C	Comptes annuels et rapports
73 - SAVOIE GREFFE DU TRIBUNAL DE COMMERCE DE CHAMBERY 4865 - 410219042 RCS. MSSA. Forme : Société par actions simplifiée. Adresse : Pomblière 73600 Saint-Marcel. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
03/09/2014	Bodacc B	Modification et mutation diverse
73 - SAVOIE GREFFE DU TRIBUNAL DE COMMERCE DE CHAMBÉRY 1185 - 410 219 042 RCS Chambery. MSSA. Forme : Société par actions simplifiée. Administration : Président : GASTINNE Bruno Directeur général : MOULIS Thierry Georges Adrien Commissaire aux comptes titulaire : ERNST & YOUNG et Autres Commissaire aux comptes suppléant : AUDITEX Directeur général Membre du comité de pilotage : COTA Damien Charles François en fonction le 26 Août 2014. Activité : . Commentaires : Modification de représentant.
24/07/2014	JAL	Resignation / Revocation of the social representative
Journal du batiment et des travaux publics (Le) Date de décision : 20/06/2014 La société 410219042 - MSSA, METAUX SPECIAUX, POMBLIERE, 73600 SAINT MARCEL Fait l'objet du départ de Monsieur Robert CHENUT, De Monsieur Robert CHENUT
24/07/2014	JAL	Appointment of the social representative
Journal du batiment et des travaux publics (Le) Date de décision : 20/06/2014 Société faisant l'objet d'une nomination : 410219042 - MSSA, METAUX SPECIAUX, POMBLIERE, 73600 SAINT MARCEL Nominé : Monsieur Damien COTA, 73200 ALBERTVILLE En la fonction de : Directeur général Nominé : Monsieur Damien COTA, 73200 ALBERTVILLE En la fonction de : Membre du Comité de direction
22/08/2013	Bodacc C	Comptes annuels et rapports
73 - SAVOIE GREFFE DU TRIBUNAL DE COMMERCE DE CHAMBERY 5357 - 410219042 RCS. MSSA. Forme : Société par actions simplifiée. Adresse : Pomblière 73600 Saint-Marcel. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
02/01/2013	Bodacc C	Comptes annuels et rapports
73 - SAVOIE GREFFE DU TRIBUNAL DE COMMERCE DE CHAMBÉRY 11198 - 410219042 RCS. MSSA. Forme : Société par actions simplifiée. Adresse : Pomblière 73600 Saint-Marcel. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
29/10/2010	Bodacc C	Comptes annuels et rapports
73 - SAVOIE GREFFE DU TRIBUNAL DE COMMERCE DE CHAMBÉRY 9396 - 410219042 RCS. MSSA. Forme : Société par actions simplifiée. Adresse : Pomblière 73600 Saint-Marcel. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
16/12/2009	Bodacc C	Comptes annuels et rapports
73 - SAVOIE GREFFE DU TRIBUNAL DE COMMERCE DE CHAMBERY 8668 - 410219042 RCS. MSSA. Forme : Société par actions simplifiée. Adresse : Pomblière 73600 Saint-Marcel. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
13/11/2009	Bodacc B	Modification et mutation diverse
73 - SAVOIE GREFFE DU TRIBUNAL DE COMMERCE DE CHAMBERY 2363 - 410 219 042 RCS Chambéry. MSSA. Forme : Société par actions simplifiée. Administration : Président de la société : GASTINNE Bruno Directeur général : MOULIS Thierry Georges Adrien Directeur général : CHENUT Robert Yves Jean Commissaire aux comptes titulaire : ERNST & YOUNG et Autres Commissaire aux comptes suppléant : AUDITEX. Capital : 6908000 EUR. Activité : Fabrication transformation et la vente de tous produits chimiques, métallurgiques, électrochimiques, électrométallurgiques de leurs dérives, composés, sous-produits et matières première. La Réalisation de prestations de services, notamment en relation avec tous produits chimiques, métallurgiques, électrochimiques, électrométallurgiques, de leurs dérivés, composés, sous produits et matières premières, ainsi qu'en matière commerciale, administrative, techniques, juridique, financière et comptable au profit de toutes personnes morales ; la mise à disposition de moyens matériels au profit de toutes personnes morales. Adresse de l’établissement principal : Pomblière, 73600 Saint-Marcel. Adresse du siège social : Pomblière, 73600 Saint-Marcel. Commentaires : Nomination de directeurs généraux. Date d’effet : 09/10/2009.
14/08/2009	Bodacc B	Modification et mutation diverse
73 - SAVOIE GREFFE DU TRIBUNAL DE COMMERCE DE CHAMBERY 1240 - 410 219 042 RCS Chambéry. MSSA. Forme : Société par actions simplifiée. Administration : Président de la société : GASTINNE Bruno Commissaire aux comptes titulaire : ERNST & YOUNG et Autres Commissaire aux comptes suppléant : AUDITEX. Capital : 6908000 EUR. Activité : Fabrication transformation et la vente de tous produits chimiques, métallurgiques, électrochimiques, électrométallurgiques de leurs dérives, composés, sous-produits et matières première. La Réalisation de prestations de services, notamment en relation avec tous produits chimiques, métallurgiques, électrochimiques, électrométallurgiques, de leurs dérivés, composés, sous produits et matières premières, ainsi qu'en matière commerciale, administrative, techniques, juridique, financière et comptable au profit de toutes personnes morales ; la mise à disposition de moyens matériels au profit de toutes personnes morales. Adresse de l’établissement principal : Pomblière, 73600 Saint-Marcel. Adresse du siège social : Pomblière, 73600 Saint-Marcel. Commentaires : Changement de commissaire aux comptes. Date d’effet : 18/06/2009.
06/11/2008	Bodacc B	Modification et mutation diverse
73 - SAVOIE GREFFE DU TRIBUNAL DE GRANDE INSTANCE D'ALBERTVILLE 1991 - 410 219 042 RCS Albertville. MSSA. Forme : S.A.S. Enseigne : Métaux Spéciaux. Capital : 6908000 EUR. Adresse du siège social : Pomblière, 73600 Saint-Marcel. Commentaires : augmentation du capital : ancien : 3 000 000 d'euros ; date d'effet : 05/09/2008.
06/06/2008	Bodacc B	Modification et mutation diverse
73 - SAVOIE GREFFE DU TRIBUNAL DE GRANDE INSTANCE D'ALBERTVILLE 287 - 410 219 042 RCS Albertville. MSSA. Forme : S.A.S. Enseigne : Métaux Spéciaux. Capital : 3000000 EUR. Activité : réalisation de prestations de services, notamment en relation avec tous produits chimiques, métallurgiques, électrochimiques, électrométallurgiques, de leurs dérivés, composés, sous produits et matières premières, ainsi qu'en matière commerciale, administrative, techniques, juridique, financière et comptable au profit de toutes personnes morales ; la mise à disposition de moyens matériels au profit de toutes personnes morales. Adresse du siège social : Pomblière, 73600 Saint-Marcel. Commentaires : modification survenue sur l'activité (adjonction) ; date d'effet : 27/12/2007.
27/02/2008	Bodacc B	Modification et mutation diverse
73 - SAVOIE GREFFE DU TRIBUNAL DE GRANDE INSTANCE D'ALBERTVILLE 4564 - 410 219 042 RCS Albertville. M.S.S.A. Forme : S.A.S. Enseigne : Métaux Spéciaux. Capital : 3000000 EUR. Activité : non précisée. Adresse du siège social : Pomblière, 73600 Saint-Marcel. Commentaires : augmentation du capital, ancien : 11 827 290 euros, le 25/06/2007.
18/11/2007	Bodacc C	Avis de dépôt des comptes
2906 - Albertville B 410 219 042. RC 97-B 202. MSSA. Forme: S.A.S. Adresse du siège social: Plombière, 73600 Saint-Marcel. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
05/11/2004	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Albertville 410219042 RC 97-B 202 MSSA. Forme : S.A.S. Capital : 11 823 335,98 euros Nom commercial: Métaux Spéciaux. Adresse : Pomblière 73600 Saint-Marcel Nouvelle situation du siège social. Capital : 11 827 290 euros. Date d'effet : 22 juin 2004.
13/04/2004	Bodacc B	Modifications et mutations diverses
RCS Albertville 410219042 RC 97-B 202 MSSA. Forme : S.A.S Nom commercial: Métaux Spéciaux. Adresse du siège social : Plombière, 73600 Saint-Marcel. Administration : ancien président : PERIER (François). Nouveau président : GASTINNE (Bruno). Date d'effet : 29 septembre 2003.
28/11/2003	Bodacc B	Modifications et mutations diverses
RCS Albertville 410219042 RC 97-B 202 MSSA. Forme : S.A.S. Capital : 11 823 335, 98 euros Nom commercial: Métaux Spéciaux. Adresse du siège social : Pomblière, 73600 Saint-Marcel. Administration : nomination de PERIER ( François) en qualité de président, en remplacement de PAEPEGAEY (Jean-Marie). Date d'effet : 18 avril 2003.
28/06/2002	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Albertville 410219042 RC 97-B 202 M.S.S. A. Forme : S.A. Capital : 11 823 335,98 euros Nom commercial: Métaux Spéciaux. Adresse : Pomblière, 73600 Saint-Marcel Nouvelle situation du siège social. Forme : S.A.S. à directoire et conseil de surveillance. Administration : président : PAEPEGAEY (Jean-Marie), ancien président du conseil d' administration. Date d'effet : 28 novembre 2001.
16/06/2002	Bodacc B	Modifications et mutations diverses
RCS Albertville 410219042 RC 97-B 202 M. S.S.A. Forme : S.A. à directoire et à conseil de surveillance. Capital : 11 823 335,98 euros. Adresse du siège social : Pomblière, 73600 Saint-Marcel. Administration : ancien représentant de la STE ROYAL BANK INVESTMENTS LIMITED, membre du conseil de surveillance : GRENON (Thomas). Nouveau représentant de la STE ROYAL BANK INVESTMENTS LIMITED, membre du conseil de surveillance : PALLEAU (Serge). Date d'effet : 24 octobre 2001.
25/11/2001	Bodacc B	Modifications et mutations diverses
RCS Albertville B 410219042 RC 97-B 202 M.S.S.A. Forme : S.A. Capital : 77 556 000 F Nom commercial: Métaux Spéciaux. Adresse du siège social : Plombière, 73600 Saint-Marcel. Administration : vice- président et membre du conseil de surveillance démissionnaire : CHAUFFIER (Frédéric). Nouveau vice-président et membre du conseil de surveillance : BARRABES (Jean-Marc). Membres du conseil de surveillance démissionnaires STE PARCOM VENTURES B.V. et STE D' ETUDES ET DE PARTICIPATIONS FINANCIERES- S.P.E.F. Nouveau membre du conseil de surveillance : STE ROYAL BANK INVESTMENTS LIMITED, représentée par GRENON (Thomas). Date d'effet : 20 juin 2001.
10/09/1999	Bodacc B	Modifications et mutations diverses
RCS Albertville b 410219042 A dater du: 25 mai 1999 RC 97-b 202 mssa Nom commercial: Métaux Spéciaux. Forme : S.A. Capital : 77 556 000 F (fixe). Adresse du siège social : Plombière 73600 Saint- Marcel. Administration : CHARRIERE (Jean- Michel) est nommé membre du directoire. Date d'effet : 4 mai 1999.
30/01/1999	Bodacc B	Modifications et mutations diverses
RCS Albertville B 410 219 042 RC 97-B 202 M.S.S.A. Forme : S.A. Capital : 77 556 000 F Nom commercial: Métaux Spéciaux. Adresse du siège social : Pomblière 73600 Saint-Marcel. Administration : vice- président et membre du conseil de surveillance démissionnaire : BROCK ( Julian). Nouveau vice-président et membre du conseil de surveillance : CHAUFFIER (Frédéric). Date d'effet : 24 septembre 1998.
14/01/1999	Bodacc B	Modifications et mutations diverses
RCS Albertville B 410 219 042 RC 97-B 202 M.S.S.A. Forme : S.A. Capital : 77 556 000 F (fixe) Nom commercial: Métaux Spéciaux. Adresse du siège social : Pomblière, 73600 Saint-Marcel. Administration : changement de représentant permanent de la SOCIETE DE PARTICIPATIONS ET D'ETUDES FINANCIERES - S.P.E.F., membre du conseil de surveillance : ancien : CHAUFFIER ( Frédéric) nouveau : Mlle PATARD ( Isabelle). Date d'effet : 1er juillet 1998.
25/08/1998	Bodacc B	Modifications et mutations diverses
RCS Albertville B 410 219 042 RC 97-B 202 M.S.S.A. Forme : S.A. Capital : 77 556 000 F. Adresse du siège social : Pomblière 73600 Saint-Marcel. Administration : président et membre du conseil de surveillance partant : WAUTHOZ (Marc). Nouveau président et membre du conseil de surveillance : LAPARRA (Maurice). Date d'effet : 27 mars 1998.
02/05/1998	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Albertville B 410 219 042 RC 97-B 202 SOCIETE INGRANDOISE DE PARTICIPATIONS. Forme : S.A. Capital : 250 000 F. Activité : gestion de portefeuilles de valeurs mobilières, hors réglementation de la C. O.B. Adresse : Pomblière 73600 Saint- Marcel Nouvelle situation du siège social dénomination: M.S.S.A. Capital : 77 556 000 F. Activité : fabrication, transformation et vente de tous produits chimiques, métallurgiques, électrochimiques, électrométallurgiques, de leurs dérivés, de composés, de sous- produits et de matières premières. Date d'effet : 26 novembre 1997.
29/04/1998	Bodacc B	Modifications et mutations diverses
RCS Albertville B 410 219 042 RC 97-B 202 M.S.S.A. Forme : S.A. Capital : 77 556 000 F (fixe). Adresse du siège social : Pomblière 73600 Saint-Marcel. Administration : ancien président du conseil d'administration : BAULON ( Daniel) nouveau président du conseil de surveillance : WAUTHOZ (Marc) nouveau président du directoire et membre : PAEPEGAEY (Jean-Marie) nouveau vice-président du conseil de surveillance : BROCK (Julian) anciens administrateurs : CAILLOUET (Yann), DIRRIG (François) nouveaux membres du conseil de surveillance : SOCIETE DE PARTICIPATIONS ET D'ETUDES FINANCIERES - S.P.E.F., dont le représentant permanent est : CHAUFFIER (Frédéric), PARCOM VENTURES B.V., représentant permanent de PARCOM nouveaux membres du directoire : MOULIS (Thierry), BRIENS (Alain), LE MOUELLIC (Christian) ancien commissaire aux comptes titulaire : CABINET BERNARD MONTAGNE nouveau commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT ancien commissaire aux comptes suppléant : BOSQUET (Michel) nouveau commissaire aux comptes suppléant : MARY DAUPHIN (Daniel). Date d'effet : 28 novembre 1997.
05/10/1997	Bodacc B	Modifications et mutations diverses
RCS Albertville B 410 219 042 A dater du: 4 juillet 1997 RC 97-B 202 SOCIETE INGRANDOISE DE PARTICIPATIONS. Forme : S. A. Capital : 250 000 F (fixe). Adresse du siège social : Pomblière 73600 Saint- Marcel. Administration : président du conseil d'administration : BAULON ( Daniel) administrateurs : CAILLOUET ( Yann), DIRRIG (François) commissaire aux comptes titulaire : CABINET BERNARD MONTAGNE commissaire aux comptes suppléant : BOSQUET (Michel). Commentaires : création (suite transfert de siège de Paris) Etablissement principal: Activité : gestion de portefeuilles de valeurs mobilières hors réglementation de la C.O.B. Adresse : Pomblière 73600 Saint-Marcel Date de début d'activité: 2 juin 1997.

Company events history

Date	Description
25/01/2015	Bodacc B: Various editing or changing
16/01/2015	Updated articles of association
16/01/2015	Changes to the Board of Directors
16/01/2015	Amendment
15/12/2014	Legal Gazette: Appointment of the social representative
15/09/2014	Bodacc C : Deposit accounts notice
03/09/2014	Bodacc B: Various editing or changing
02/09/2014	Update Limit
02/09/2014	Update Rating
02/09/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
28/08/2014	Update Rating
26/08/2014	Appointment/resignation of company officers
26/08/2014	Amendment
24/07/2014	Legal Gazette: Resignation / Revocation of the social representative
20/06/2014	Legal Gazette: Appointment of the social representative
31/12/2013	New accounts available
02/11/2013	Update Rating
16/10/2013	Update Limit
16/10/2013	Update Rating
22/08/2013	Bodacc C : Deposit accounts notice
05/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/08/2013	Update Limit
01/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/07/2013	Update Limit
18/07/2013	Update Rating
02/02/2013	Disengagement of the group
02/02/2013	New ultimate parent
02/02/2013	New parent detected
31/01/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
02/01/2013	Bodacc C : Deposit accounts notice
31/12/2012	New accounts available
26/10/2012	Application and court order
26/10/2012	Extension of term
13/06/2012	Extension of term
13/06/2012	Application and court order
02/02/2012	Collection of preferential rights activated for this company
20/01/2012	Statuts mis à jour
20/01/2012	PV d'Assemblée
20/01/2012	Minutes of general meeting of shareholders
20/01/2012	Updated articles of association
31/12/2011	New accounts available
27/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
03/06/2011	Update of participations in other companies
31/12/2010	New accounts available
29/10/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
16/12/2009	Bodacc C : Deposit accounts notice
13/11/2009	Bodacc B: Various editing or changing
23/10/2009	PV d'Assemblée
23/10/2009	Minutes of general meeting of shareholders
23/10/2009	Changes to the Board of Directors
23/10/2009	Modification du Conseil d'Administration
14/08/2009	Bodacc B: Various editing or changing
03/08/2009	Minutes of general meeting of shareholders
03/08/2009	Amendment
03/08/2009	Appointment/resignation of company officers
03/08/2009	Changement de Commissaire aux Comptes
03/08/2009	New auditor
03/08/2009	Acte modificatif
03/08/2009	Private document
31/12/2008	New accounts available
06/11/2008	New Bodacc B ads detected
06/11/2008	Bodacc B: Various editing or changing
06/10/2008	Updated articles of association
06/10/2008	Augmentation de Capital
06/10/2008	Private document
06/10/2008	Fund deposit certificate
06/10/2008	Statuts mis à jour
06/10/2008	Capital increase
06/10/2008	PV d'Assemblée
06/10/2008	Minutes of general meeting of shareholders
05/09/2008	Other modification of Establishment
06/06/2008	New Bodacc B ads detected
06/06/2008	Bodacc B: Various editing or changing
27/02/2008	New Bodacc B ads detected
27/02/2008	Bodacc B: Various editing or changing
28/01/2008	Change to corporate purpose
28/01/2008	Updated articles of association
28/01/2008	PV d'Assemblée
28/01/2008	Minutes of general meeting of shareholders
28/01/2008	Private document
28/01/2008	Statuts mis à jour
01/01/2008	Update of Company Activity
01/01/2008	Modification of Company Activity
31/12/2007	New accounts available
30/11/2007	Continuation malgré perte supérieure à la moitié du capital
30/11/2007	Continuation of business despite loss of equity
30/11/2007	Reconstitution de l'Actif Net
30/11/2007	Reconstitution of net assets
30/11/2007	Private document
30/11/2007	PV d'Assemblée
30/11/2007	Minutes of general meeting of shareholders
31/07/2007	Updated articles of association
31/07/2007	Capital reduction
31/07/2007	Augmentation de Capital
31/07/2007	Acte modificatif
31/07/2007	Private document
31/07/2007	Statuts mis à jour
31/07/2007	Minutes of general meeting of shareholders
31/07/2007	Audit or Management Report
31/07/2007	Capital increase
25/06/2007	Other modification of Establishment
31/12/2006	New accounts available
16/08/2004	Minutes of general meeting of shareholders
16/08/2004	PV d'Assemblée
16/08/2004	Updated articles of association
16/08/2004	Capital increase
16/08/2004	Augmentation de Capital
16/08/2004	Private document
16/08/2004	Acte sous seing privé
16/08/2004	Statuts mis à jour
30/01/2004	Nomination/démission des organes de gestion
30/01/2004	Acte sous seing privé
30/01/2004	PV d'Assemblée
30/01/2004	Modification du Conseil d'Administration
22/05/2003	PV d'Assemblée
22/05/2003	Acte sous seing privé
22/05/2003	Changement de Président (PDG, PCA)
22/05/2003	Modification du Conseil d'Administration
22/05/2003	Nomination/démission des organes de gestion
08/02/2002	PV d'Assemblée
08/02/2002	Acte sous seing privé
08/02/2002	Conversion du Capital Social en Euros
08/02/2002	Changement de Forme Juridique sans changement de catégorie
05/02/2002	Statuts mis à jour
05/02/2002	PV d'Assemblée
05/02/2002	Nomination/démission des organes de gestion
05/02/2002	Acte sous seing privé
05/02/2002	Conversion du Capital Social en Euros
05/02/2002	Changement de Forme Juridique avec changement de catégorie
05/02/2002	Changement de Forme Juridique sans changement de catégorie
05/02/2002	Rapport des Commissaires ou du Gérant
30/08/2001	Acte modificatif
30/08/2001	PV d'Assemblée
30/08/2001	Acte sous seing privé
30/08/2001	PV du Conseil d'Administration
30/08/2001	Nomination/démission des organes de gestion
18/07/2000	Nomination/démission des organes de gestion
18/07/2000	Changement de Président (PDG, PCA)
18/07/2000	Acte sous seing privé
18/07/2000	PV d'Assemblée
25/05/1999	Nomination/démission des organes de gestion
25/05/1999	Acte sous seing privé
25/05/1999	PV d'Assemblée
16/12/1998	Nomination/démission des organes de gestion
16/12/1998	Acte sous seing privé
16/12/1998	PV d'Assemblée
06/11/1998	Acte sous seing privé
06/11/1998	Nomination/démission des organes de gestion
06/11/1998	PV d'Assemblée
26/06/1998	Acte sous seing privé
26/06/1998	Acte modificatif
26/06/1998	Nomination/démission des organes de gestion
26/06/1998	PV d'Assemblée
14/01/1998	Acte sous seing privé
14/01/1998	Changement de Commissaire aux Comptes
14/01/1998	Acte modificatif
14/01/1998	PV d'Assemblée
14/01/1998	Modification du Conseil d'Administration
14/01/1998	Modification du système d'administration des S.A.
14/01/1998	Nomination/démission des organes de gestion
14/01/1998	Statuts mis à jour
22/12/1997	Déclaration de conformité
22/12/1997	PV d'Assemblée
22/12/1997	Acte sous seing privé
22/12/1997	Modification de l'objet social
22/12/1997	Augmentation de Capital
22/12/1997	Statuts mis à jour
22/12/1997	Changement de dénomination sociale
12/11/1997	Acte sous seing privé
12/11/1997	Modification du Conseil d'Administration
12/11/1997	Changement de Président (PDG, PCA)
12/11/1997	Immatriculation suite à transfert
12/11/1997	Projet de Fusion
12/11/1997	Nomination/démission des organes de gestion
12/11/1997	Rapport des Commissaires ou du Gérant
12/11/1997	PV du Conseil d'Administration
12/11/1997	PV d'Assemblée
01/08/1997	PV d'Assemblée
01/08/1997	Projet de Fusion
01/08/1997	Acte sous seing privé
01/08/1997	Acte modificatif
01/08/1997	PV du Conseil d'Administration
04/07/1997	Statuts mis à jour
04/07/1997	Modification du Conseil d'Administration
04/07/1997	Immatriculation suite à transfert
04/07/1997	Nomination/démission des organes de gestion
04/07/1997	Changement de Commissaire aux Comptes
04/07/1997	Acte sous seing privé
04/07/1997	PV d'Assemblée
04/07/1997	PV du Conseil d'Administration
18/12/1996	Formation de Société
18/12/1996	Statuts
18/12/1996	Acte sous seing privé
18/12/1996	Certificat de dépôt des fonds
18/12/1996	PV d'Assemblée
18/12/1996	Nomination/démission des organes de gestion

Establishment events history

Date	Description
07/02/2015	Update of phone numbers
02/09/2014	Update Limit
02/09/2014	Update Rating
02/11/2013	Update Rating
01/08/2013	Update Rating
01/08/2013	Update Limit
31/01/2013	Update Limit
12/01/2013	Update of phone numbers
06/10/2012	Update Limit
27/09/2011	Update Limit
27/09/2011	Update Rating
06/05/2011	Update Rating
21/01/2011	Update Rating
16/10/2010	Update Limit
03/09/2010	Update Rating
23/03/2010	Update of phone numbers
29/12/2009	Update Rating
13/11/2009	Update Rating
13/11/2009	Update Limit
02/10/2009	Update Limit
05/09/2009	Update Rating
12/01/2009	Update Rating
24/09/2008	Update Rating
24/09/2008	Update Limit
05/09/2008	Modification of Head office
23/02/2008	Update Rating
21/02/2008	Update Limit
01/01/2008	Update of Establishment Activity
01/01/2008	Modification of Head office Activity
10/12/2007	Update Limit
09/12/2007	Update Limit
25/06/2007	Modification of Head office

directors

Name	M. COTA DAMIEN CHARLES FRANÇOIS
Manager position	Managing director	Date of birth	11/05/1973
Place of birth	PARIS
Type	Individual	Name at birth

Name	M. GASTINNE BRUNO
Manager position	President	Date of birth	04/07/1963
Place of birth	PARIS 15 (75)
Type	Individual	Name at birth

Name	M. MOULIS THIERRY GEORGES ADRIEN
Manager position	Managing director	Date of birth	03/01/1955
Place of birth	ORAN(ALGERIE)
Type	Individual	Name at birth

Name	M. MATHIEU SÉVERIN THIERRY MARIE CHRISTIAN
Manager position	Managing director	Date of birth	19/07/1978
Place of birth	NANCY
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M BRUNO GASTINNE	7/4/1963 - PARIS 15
Managing director	M ROBERT YVES JEAN CHENUT	10/23/1955 - 39 LONS-LE-SAUNIER
Managing director	M ROBERT YVES JEAN CHENUT	10/23/1955 - LONS-LE-SAUNIER
Managing director	M THIERRY GEORGES ADRIEN MOULIS	1/3/1955 - ORAN (ALGERIE)(ALGERIE)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 62.20
UK Pound	1	Rs. 95.99
Euro	1	Rs. 71.00

INFORMATION DETAILS

Analysis Done by :	RSM
Report Prepared by :	DPT

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.