MIRA INFORM REPORT

Report No. :	308238
Report Date :	19.02.2015

IDENTIFICATION DETAILS

Name :	HUBBARD
Registered Office :	Couvoirs DE LA Bruyere Mauguerand BP 169 22800 LE Foeil
Country :	France
Date of Incorporation :	April 1976
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Poultry [Note: We tried to confirm / obtain the detailed activity but the same is not available from any sources]
No. of Employee :	250 to 499 employees

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

FRANCE ECONOMIC OVERVIEW

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

Source : CIA

Company name

HUBBARD

Personal comment

COMPANY SUMMARY

Safe Number	FR00555420	EUR VAT Number	FR17305609398
Activity (APE)	Poultry	Legal form	Simplified Joint Stock Company with Single Associate
Phone	02 96 79 63 70	RCS Registration	RCS Saint-Brieuc 7 305 609 398
Fax		Share capital	15,337,611 Euros
Address	HUBBARD COUVOIRS DE LA BRUYERE MAUGUERAND BP 169 22800 LE FOEIL	Incorporated Date	04/1976
Nationality	France	Status	Economically active

Payment Information Summary - Trade Payment Data
Total number of Invoices available	70
Total number of Invoices paid within or up to 30 days after the due date	70
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Safe Number	Company number	Click here to view the affiliation links
LA FINANCIERE GRAND CHAMP	FR03949988	402445159	12 companies in 7 countries. Click here to visit linked companies

Current Directors

2

Trading to Date	12/31/2004	12/31/2003
Turnover	52,248,837 €	58,883,437 €
Gross Operating Surplus	2.89 % Turnover	6.53 % Turnover
Shareholders’ equity	23,324,279 €	48,577,811 €
Net result	-3,012,007 €	3,897,210 €
Employees	250 to 499 employees	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Poultry (0147Z)
RCS Registration	RCS Saint-Brieuc 7 305 609 398	Share capital	15,337,611 Euros
Registration Court	Saint-Brieuc (22)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	19 7 7B00059	EUR VAT Number	FR17305609398
Incorporation Date	04/1976	Formation Date	01/1976
Deregistration Date		Last account Date	31/12/2004
Nationality	France

Ultimate Parent

1 ultimate parent company for this company  >  LA FINANCIERE GRAND CHAMP  - Activités des sociétés holding (6420Z)  in ROUSSAY  (49450)

ESTABLISHMENT DETAILS

Activity (APE)	Poultry (0147Z)	Business Pages FT®	AGRICULTURE (RECHERCHES, ETUDES)
Postal Address	HUBBARD  COUVOIRS DE LA BRUYERE  MAUGUERAND  BP 169  22800 LE FOEIL	Trading Address	MAUGUERAND  22800 LE FOEIL
Telephone	02 96 79 63 70
Fax

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

Department	Côtes-d'Armor (22)	Region	Bretagne
District	4	Area	41
City	LE FOEIL	Size of urban area	Establishment in a rural municipality

OTHER ESTABLISHMENTS

Branches	3 branch entities in this company
Head office	> HUBBARD <<<  - Élevage de volailles (0147Z)  in LE FOEIL  (22800)
Secondary establishments	>  HUBBARD  - Elevage de volailles (012G)  in LYON 3EME  (69003)  >  HUBBARD  - Élevage de volailles (0147Z)  in SAINT LOUP D'ORDON  (89330)  >  HUBBARD  - Élevage de volailles (0147Z)  in JUIGNE SUR SARTHE  (72300)  >  HUBBARD  - Élevage de volailles (0147Z)  in MONTAGNE  (33570)  > ...

Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce 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

250 to 499 employees

Accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts 

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2004	31/12/2003
Account period (month)	12	12
Account Type	Normal	Normal
Date of capture	-	-
Activity Code	0147Z	0147Z
Employees	328	485	-

Active account

Annual Accounts	31/12/2004		31/12/2003	Sector Median2004
Capital not called	0	0%	0	0	0%
Total fixed assets	15,523,055	2.5%	15,151,654	155,139	9905.9%
- Intangible assets	824,869	-12.1%	938,184	0	0%
- Tangible assets	12,923,487	4.0%	12,431,426	119,994	10670.1%
- Financial assets	1,774,696	-0.4%	1,782,044	1,891	93749.6%
Net current assets	33,922,454	-33.0%	50,606,340	237,819	14164.0%
- Stocks	6,138,605	1.4%	6,056,397	34,053	17926.6%
- Advanced payments	219,728	-33.0%	151,475	0	0%
- Receivables	26,488,879	-16.4%	31,675,019	128,067	20583.6%
- Securities and cash	1,075,239	-91.5%	12,723,446	20,946	5033.4%
- Prepaid expenses	-	-	-	205	-
Accounts of regularization	481,759	-56.2%	1,099,072	0	0%
Total Assets	49,927,268	-25.3%	66,857,067	431,365	11474.3%

Passive Account

Annual Accounts	31/12/2004		31/12/2003	Sector Median2004
Shareholders' equity	23,324,279	-52.0%	48,577,811	82,616	28132.2%
Share capital	15,337,611	0%	15,337,611	30,489	50205.4%
Other capital resources	0	0%	0	0	0%
Risk Provisions	2,500,802	22.5%	2,041,947	0	0%
Liabilities	23,896,699	47.7%	16,184,172	323,274	7292.1%
- Financial liabilities	13,275,706	38844.3%	34,089	115,119	11432.2%
- Advanced payments received	457,066	0%	0	0	0%
- Trade account payables	4,893,575	-34.5%	7,472,355	82,872	5805.0%
- Tax and social liabilities	3,429,566	-26.3%	4,651,692	48,814.50	6925.7%
- Other debts and fixed assets liabilities	2,046,272	-49.8%	4,079,170	16,771	12101.3%
Account regularization	0	0%	0	0	0%
Total liabilities	49,927,268	-25.3%	66,857,067	431,365	11474.3%

Results

Annual Accounts	31/12/2004		31/12/2003	Sector Median2004
Sales of Goods	53,526,420	-10.7%	59,962,785	790,956	6667.3%
Net turnover	52,248,837	-11.3%	58,883,437	751,922	6848.7%
- of which net export turnover	40,796,453	-8.8%	44,710,162	0	0%
Operating charges	55,381,171	-5.3%	58,481,447	757,778	7208.4%
Operating profit/loss	-1,854,750	-225.2%	1,481,337	13,521	-13817.6%
Financial income	2,144,833	-48.4%	4,159,470	389	551271.0%
Financial charges	2,858,089	-19.6%	3,554,622	5,966	47806.3%
Financial profit/loss	-713,256	-217.9%	604,848	-3,648	-19452.0%
Pretax net operating income	-2,536,310	-219.7%	2,118,976	7,498	-33926.5%
Extraordinary income	763,882	-99.1%	86,081,515	2,303	33069.0%
Extraordinary charges	1,209,778	-98.6%	84,109,623	710	170291.3%
Extraordinary profit/loss	-445,896	-122.6%	1,971,892	06	-7431700%
Net result	-3,012,007	-177.3%	3,897,210	6,834	-44173.9%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2004	31/12/2003
Months	12	12

Accounts - Active 
Current Assets |  Equalization accounts |  Reference 

Grand Total - Passive Accounts (I to IV)

			31/12/2004		31/12/2003
	Grand Total (I to VI)	Net	49,927,268	-25.3%	66,857,067
	Gross	CO	86,557,305	-15.4%	102,275,440
	Amortisation	1A	36,630,037	3.4%	35,418,372

Non declared distributed capital (I)

		31/12/2004		31/12/2003
Non declared distributed capital (I)	AA3	0	0%	0
Gross	AA	-	-	-

Active fixed asset (II)

			31/12/2004		31/12/2003
	Total Active fixed asset (II)	Net	15,523,055	2.5%	15,151,654
	Gross	BJ	49,747,378	2.6%	48,476,714
	Amortisation	BK	34,224,322	2.7%	33,325,060

Intangilble fixed assets

			31/12/2004		31/12/2003
	Start-up cost	Net	0	0%	0
	Gross	AB	0	0%	0
	Amortisation	AC	0	0%	0
	R & D expenses	Net	0	0%	0
	Gross	CX	0	0%	0
	Amortisation	AE	0	0%	0
	Distributorships, patents	Net	27,561	-80.4%	140,876
	Gross	AF	3,629,801	-4.6%	3,806,525
	Amortisation	AG	3,602,240	-1.7%	3,665,649
	Goodwill	Net	797,308	0%	797,308
	Gross	AH	797,308	0%	797,308
	Amortisation	AI	0	0%	0
	Other intangible fixed assets	Net	0	0%	0
	Gross	AJ	0	0%	0
	Amortisation	AK	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0
	Gross	AL	0	0%	0
	Amortisation	AM	0	0%	0
Sub Total Intangible Assets		Net	824,869	-12.1%	938,184

Tangilble fixed assets

			31/12/2004		31/12/2003
	Lands	Net	611,337	-1.0%	617,583
	Gross	AN	647,309	-0.9%	653,368
	Amortisation	AO	35,972	0.5%	35,785
	Buildings	Net	8,304,214	16.5%	7,130,089
	Gross	AP	25,074,380	7.2%	23,392,111
	Amortisation	AQ	16,770,166	3.1%	16,262,022
	Plant	Net	3,295,105	-0.1%	3,299,193
	Gross	AR	13,805,741	3.4%	13,350,668
	Amortisation	AS	10,510,636	4.6%	10,051,475
	Other tangible fixed assets	Net	449,026	-22.2%	577,032
	Gross	AT	3,612,792	-4.7%	3,790,916
	Amortisation	AU	3,163,766	-1.6%	3,213,884
	Fixed assets in construction	Net	263,805	-67.3%	807,529
	Gross	AV	263,805	-67.3%	807,529
	Amortisation	AW	0	0%	0
	Advances and payments on account	Net	0	0%	0
	Gross	AX	0	0%	0
	Amortisation	AY	0	0%	0
	Sub Total Tangible asset	Net	12,923,487		12,431,426

Financial assets

			31/12/2004		31/12/2003
	Associates at equity	Net	0	0%	0
	Gross	CS	0	0%	0
	Amortisation	CT	0	0%	0
	Other participations	Net	1,717,569	-0.4%	1,724,615
	Gross	CU	1,859,110	2.1%	1,820,857
	Amortisation	CV	141,541	47.1%	96,242
	Inter-company receivables	Net	0	0%	0
	Gross	BB	0	0%	0
	Amortisation	BC	0	0%	0
	Other investment securities	Net	0	0%	0
	Gross	BD	0	0%	0
	Amortisation	BE	0	0%	0
	Loans	Net	40,173	-0.7%	40,475
	Gross	BF	40,173	0%	40,475
	Amortisation	BG	0		0
	Other financial assets	Net	16,954	0%	16,954
	Gross	BH	16,954	0%	16,954
	Amortisation	BI	0	0%	0
	Sub Total Financial Assets		1,774,696		1,782,044

Current Assets (III)

			31/12/2004		31/12/2003
	Total Assets	Net	33,922,454	-33.0%	50,606,340
	Gross	CJ	36,328,168	-31.1%	52,699,653
	Amortisation	CK	2,405,714	14.9%	2,093,312

Stocks

			31/12/2004		31/12/2003
	Raw materials	Net	600,480	-1.2%	607,847
	Gross	BL	600,480	-1.2%	607,847
	Amortisation	BM	0	0%	0
	Work in progress (goods)	Net	5,538,125	1.6%	5,448,550
	Gross	BN	5,538,125	1.6%	5,448,550
	Amortisation	BO	0	0%	0
	Work in progress (services)	Net	0	0%	0
	Gross	BP	0	0%	0
	Amortisation	BQ	0	0%	0
	Semi-finished and finished products	Net	0	0%	0
	Gross	BR	0	0%	0
	Amortisation	BS	0	0%	0
	Goods for resale	Net	0	0%	0
	Gross	BT	0	0%	0
	Amortisation	BU	0	0%	0
	Sub Total Stocks	Net	6,138,605	1.4%	6,056,397

Advance payments to suppliers

			31/12/2004		31/12/2003
	Advance payments to suppliers	Net	219,728	45.1%	151,475
	Gross	BV	219,728	45.1%	151,475
	Amortisation	BW	0	0%	0

Debtors

			31/12/2004		31/12/2003
	Trade accounts receivable	Net	15,205,037	-7.5%	16,438,861
	Gross	BX	17,610,751	-5.0%	18,532,174
	Amortisation	BY	2,405,714	14.9%	2,093,313
	Other debtors	Net	11,220,213	-25.8%	15,130,638
	Gross	BZ	11,220,213	-25.8%	15,130,638
	Amortisation	CA	0	0%	0
	Capital subscribed and called up	Net	0	0%	0
	Gross	CB	0	0%	0
	Amortisation	CC	0	0%	0
	Sub Total Debtors	Net	26,425,250	-16.3%	31,569,499

Divers

			31/12/2004		31/12/2003
	Investment securities	Net	0	0%	0
	Gross	CD	0	0%	0
	Amortisation	CE	0	0%	0
	Cash and cash equivalents	Net	1,075,239	-91.5%	12,723,446
	Gross	CF	1,075,239	-91.5%	12,723,446
	Amortisation	CG	0	0%	0
	Sub Total Divers	Net	1,075,239	-91.5%	12,723,446

Prepaid expenses

			31/12/2004		31/12/2003
	Prepaid expenses	Net	63,629	-39.7%	105,520
	Gross	CH	63,629	-39.7%	105,520
	Amortisation	CI	0	0%	0

Equalization accounts (IV to VI)

		31/12/2004		31/12/2003
Multi-period charges	CW3	0	0%	0
Gross		-	-	-
Premiums on redemption of bonds	CM3	0	0%	0
Gross		-	-	-
Currency differential gain	CN3	481,759	-56.2%	1,099,072
Gross		-	-	-

References

		31/12/2004		31/12/2003
Due within one year	CP	0	0%	0
Due after one year	CR	0	0%	14,643,907

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)

		31/12/2004		31/12/2003
Grand Total (I to V)	EE	49,927,268	-25.3%	66,857,067

Shareholder Equity (I)

			31/12/2004		31/12/2003
	Total shareholders' equity (Total I)	DL	23,324,279	-52.0%	48,577,811
	Equity and shareholders' equity	DA	15,337,611	0%	15,337,611
	Issue and merger premiums	DB	5,529,917	-81.6%	29,975,003
	Revaluation differentials	DC	0	0%	0
	Of which equity differential	EK	0	0%	0
	Legal reserve	DD	1,533,761	0%	1,533,761
	Statutory or contractual reserve	DE	0	0%	0
	Special regulated reserves	DF	2,527,970	0%	2,527,970
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0
	Other reserves	DG	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%
	Profits or losses brought forward	DH	0	0%	-6,014,757
	Profit or loss for the period	DI	-3,012,007	-177.3%	3,897,210
	Investment grants	DJ	0	0%	0
	Special tax-allowable reserves	DK	1,407,026	6.5%	1,321,011

Other capital resources (II)

			31/12/2004		31/12/2003
	Total other capital resources (Total II)	DO	0	0%	0
	Income from participating securities	DM	0	0%	0
	Conditional loans	DN	0	0%	0

Provisions for risks and charges (III)

			31/12/2004		31/12/2003
	Total provisions for risks and charges (Total III)	DR	2,500,802	22.5%	2,041,947
	Risk provisions	DP	1,509,360	13.5%	1,330,412
	Reserves for charges	DQ	991,441	39.3%	711,534

Liabilities (IV)

			31/12/2004		31/12/2003
	Total Liabilities (Total IV)	EC	23,896,699	47.7%	16,184,172
	Convertible debentures	DS	0	0%	0
	Other debentures	DT	0	0%	0
	Bank loans and liabilities	DU	0	0%	13,601
	Sundry loans and financial liabilities	DV	13,275,706	64697.5%	20,488
	Of which participating loans	EI	0	0%	0
	Advance payments received for current orders	DW	457,066	0%	0
	Trade accounts payables	DX	4,893,575	-34.5%	7,472,355
	Tax and social security liabilities	DY	3,429,566	-26.3%	4,651,692
	Fixed asset liabilities	DZ	707,347	-21.2%	897,175
	Other debts	EA	1,133,437	-63.8%	3,128,859

Translation loss (V)

		31/12/2004		31/12/2003
Translation loss (Total V)	ED	205,488	286.7%	53,136

Equalization accounts

		31/12/2004		31/12/2003
Deferred income	EB	0	0%	0

References

		31/12/2004		31/12/2003
Of which tax-allowable reserve	EF	0	0%	0
Deferred income and liabilities	EG	0	0%	0
Of which current bank facilities	EH	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)

		31/12/2004		31/12/2003
Operating result (Total I-II)	GG	-1,854,750	-225.2%	1,481,337

2 - Financial result (V - VI)

		31/12/2004		31/12/2003
Financial result (Total V-VI)	GV	-713,256	-217.9%	604,848

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

		31/12/2004		31/12/2003
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-2,536,310	-219.7%	2,118,976

4 - Extraordinary result (VII-VIII)

		31/12/2004		31/12/2003
Extraordinary result (Total VII-VIII)	HI	-445,896	-122.6%	1,971,892

Profit or loss

		31/12/2004		31/12/2003
Profit or loss	HN	-3,012,007	-177.3%	3,897,210

Total Income (I+III+V+VII)

		31/12/2004		31/12/2003
Total Income (I+III+V+VII)	HL	56,468,247	-62.4%	150,236,562

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

		31/12/2004		31/12/2003
Total charges (Total II+IV+VI+VIII+IX+X)	HM	59,480,255	-59.4%	146,339,352

Operating income (I)

		31/12/2004		31/12/2003
Total operating income (Total I)	FR	53,526,420	-10.7%	59,962,785

Operating income (details)

			31/12/2004		31/12/2003
	Sale of goods for resale	FC	2,665,056	-43.5%	4,719,504
	France	FA	150,788	-52.5%	317,121
	Export	FB	2,514,268	-42.9%	4,402,383
	Sale of goods produced	FF	46,273,624	-9.0%	50,840,044
	France	FD	10,602,873	-16.0%	12,623,256
	Export	FE	35,670,751	-6.7%	38,216,788
	Sale of services	FI	3,310,156	-0.4%	3,323,888
	France	FG	698,721	-43.3%	1,232,897
	Export	FH	2,611,434	24.9%	2,090,991
	Net turnover	FL	52,248,837	-11.3%	58,883,437
	France	FJ	11,452,384	-19.2%	14,173,275
	Export	FK	40,796,453	-8.8%	44,710,162
	Stocked production	FM	89,575	160.0%	-149,275
	Self-constructed assets	FN	0	0%	0
	Operating grants	FO	70,721	-2.9%	72,802
	Release of reserves and provisions	FP	1,096,744	14.3%	959,616
	Other income	FQ	20,542	-89.5%	196,204

Operating charges (II)

		31/12/2004		31/12/2003
Total operating charges (Total II)	GF	55,381,171	-5.3%	58,481,447

Exploitation charges

		31/12/2004		31/12/2003
Purchase of goods for resale	FS	1,975,586	-58.3%	4,741,085
Change in stocks of goods for resale	FT	0	0%	0
Purchase of raw materials	FU	11,325,498	2.9%	11,003,135
Change in stocks of raw materials	FV	7,366	120.8%	-35,367
Other external purchases and charges	FW	24,467,378	-2.6%	25,123,451
Tax, duty and similar payments	FX	624,393	4.0%	600,294
Payroll	FY	8,769,636	-8.3%	9,562,666
Social security costs	FZ	3,731,762	-5.9%	3,967,388

Depreciation

		31/12/2004		31/12/2003
Depreciation of fixed assets	GA	2,218,293	6.1%	2,090,677
Amortisation of fixed assets	GB	0	0%	0
Depreciation/amortisation of current assets	GC	920,382	66.6%	552,406
Provisions for risks and charges	GD	1,197,106	136.0%	507,260

Other charges

		31/12/2004		31/12/2003
Other charges	GE	143,764	-61.0%	368,450

Operating charges (III-IV)

		31/12/2004		31/12/2003
Share of joint-venture transferred to other partner(s) (Total III)	GH	33,111	1.0%	32,791
Share of joint venture transferred from other partner(s) (Total IV)	GI	1,415	0%	0

Financial income (V)

			31/12/2004		31/12/2003
	Total financial income (Total V)	GP	2,144,833	-48.4%	4,159,470
	Share financial income	GJ	0	0%	23,646
	Other investment income & capitalised receivables	GK	269,821	-54.2%	589,022
	Other interest and similar income	GL	191,741	0%	0
	Released provisions and transferred charges	GM	1,099,072	144.3%	449,956
	Exchange gains	GN	584,198	-81.1%	3,096,844
	Net income from disposal of investment securities	GO	0	0%	0

Financial Charge (VI)

			31/12/2004		31/12/2003
	Total financial charge (Total VI)	GU	2,858,089	-19.6%	3,554,622
	Financial reserves and provisions	GQ	354,461	-68.4%	1,121,882
	Interest and similar charges	GR	42,411	-77.4%	187,945
	Exchange losses	GS	2,461,217	9.6%	2,244,794
	Net loss from disposal of investment securities	GT	0	0%	0

Extraordinary income (VII)

			31/12/2004		31/12/2003
	Total extraordinary income (Total VII)	HD	763,882	-99.1%	86,081,515
	Extraordinary operating income	HA	94,189	19.2%	79,009
	Extraordinary income from capital transactions	HB	237,489	-99.4%	40,868,357
	Released provisions and transferred charges	HC	432,203	-99.0%	45,134,148

Extraordinary charges (VIII)

			31/12/2004		31/12/2003
	Total extraordinary charges (Total VIII)	HH	1,209,778	-98.6%	84,109,623
	Extraordinary operating charges	HE	594,857	67.7%	354,689
	Extraordinary charges from capital transactions	HF	119,077	-99.9%	83,331,817
	Extraordinary reserves and provisions	HG	495,843	17.2%	423,116

Employee profit sharing (IX)

		31/12/2004		31/12/2003
Employee profit sharing (Total IX)	HJ	0	0%	0

Tax on profits (X)

		31/12/2004		31/12/2003
Tax on profits (Total X)	HK	29,801	-84.6%	193,659

References

		31/12/2004		31/12/2003
Of which equipment leases	HP	0	0%	0
Of which property leases	HQ	0	0%	0
Of which transferred charges	A1	0	0%	0
Of which trader's own contributions	A2	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0
Of which royalties on licences and patents (charges)	A4	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)

			31/12/2004		31/12/2003
	Gross value at begin of period	OG	0	0%	0
	Increasess due to revaluation	OH	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	32,459,529
	Decreasess by budget item transfer	OK1	0	0%	0
	Decreasess by transfers	OK2	0	0%	100,726,645
	Gross value at the end of period	OL	0	0%	0

Research and development Charge (Total I)

			31/12/2004		31/12/2003
	Gross value at begin of period	CZ	0	0%	0
	Increasess due to revaluation	KB	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0
	Decreasess by transfers	C02	0	0%	0
	Gross value at the end of period	D0	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2004		31/12/2003
	Gross value at begin of period	KD	0	0%	0
	Increasess due to revaluation	KE	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	32,914
	Decreasess by budget item transfer	LV1	0	0%	0
	Decreasess by transfers	LV2	0	0%	0
	Gross value at the end of period	LW	0	0%	0

Tangible fixed assets (Total III)

			31/12/2004		31/12/2003
	Gross value at begin of period	LN	0	0%	0
	Increasess due to revaluation	LO	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	2,954,552
	Decreasess by budget item transfer	NG1	0	0%	0
	Decreasess by transfers	NG2	0	0%	0
	Gross value at the end of period	NH	0	0%	0

Fiancial assets (Total IV)

			31/12/2004		31/12/2003
	Gross value at begin of period	LQ	0	0%	0
	Increasess due to revaluation	LR	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0
	Gross value at the end of period	NK	0	0%	0

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

			31/12/2004		31/12/2003
	Reserve for depreciation value at begin of period	0N	0	0%	48,016,707
Increases		0P	0	0%	2,090,677
Decreasess		0Q	0	0%	16,878,567
	Reserve for depreciation value at the end of period	0R	0	0%	33,228,817

Research and development charge (Total I)

			31/12/2004		31/12/2003
	Reserve for depreciation value at begin of period	CY	0	0%	0
Increases		PB	0	0%	0
Decreasess		PC	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0

Other intangible assets (Total II)

			31/12/2004		31/12/2003
	Reserve for depreciation value at begin of period	PE	0	0%	0
Increases		PF	0	0%	0
Decreasess		PG	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	3,665,649

Total fixed assets amotisation (Total III)

			31/12/2004		31/12/2003
	Reserve for depreciation value at begin of period	QU	0	0%	0
Increases		QV	0	0%	0
Decreases		QW	0	0%	0
	Decreasess by budget item transfer	QX	0	0%	29,563,168

Movements during period affecting charge allocated over several period 

Charges à répartir ou frais d'émission d'emprunt

			31/12/2004		31/12/2003
	Gross value at begin of period	Z91	0	0%	0
Increases		Z92	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0

Premium refund of obligations

			31/12/2004		31/12/2003
	Net value at begining of period	SP1	0	0%	0
Increases		SP2	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0
	Net value at the end of period	SR	0	0%	0

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

			31/12/2004		31/12/2003
	Value at begining of period	7C	5,552,000	0%	0
Increases		UB	2,967,000	0%	0
Decreases		UC	2,065,000	0%	0
	Value at the end of period	UD	6,455,000	0%	0

Includes Total allocations

Operating	UE	2,117,000	0%	0
Financial	UG	354,000	0%	0
Exceptional	UJ	495,000	0%	0

Includes Total Withdrawal

Operating	UF	608,000	-36.6%	959,616
Financial	UH	1,099,000	144.2%	449,956
Exceptional	UK	358,000	-99.2%	45,044,183

Total regulated provisions (Total I)

			31/12/2004		31/12/2003
	Value at begining of period	3Z	1,321,000	0%	0
Increases		TS	213,000	0%	0
Decreases		TT	127,000	0%	0
	Value at the end of period	TU	1,407,000	0%	0

Total risk and charge provisions (Total II)

			31/12/2004		31/12/2003
	Value at begining of period	5Z	2,041,000	0%	0
Increases		TV	1,789,000	0%	0
Decreases		TW	1,330,000	0%	0
	Value at the end of period	TX	2,500,000	0%	0

Total Provision for depreciation (Total III)

			31/12/2004		31/12/2003
	Value at begining of period	7B	2,189,000	-93.5%	33,528,340
Increases		TY	965,000	67.8%	575,216
Decreases		TZ	608,000	-98.1%	31,914,001
	Value at the end of period	UA	2,547,000	16.3%	2,189,555

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

		31/12/2004		31/12/2003
Gross value	VT	0	0%	0
1 year at most	VU	0	0%	0
More than one year	VV	0	0%	0

State of loans

		31/12/2004		31/12/2003
Claims related to holdings (gross)	UL	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0
Loans (gross)	UP	0	0%	0
Loans (1 year at most)	UR	0	0%	0
Other financial assets (gross)	UT	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0

Receivables statement of assets

		31/12/2004		31/12/2003
Customers doubtful or disputed	VA	0	0%	0
Other claims customer	UX	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0
Personnel and associated accounts	UY	0	0%	0
Social Security and other social organizations	UZ	0	0%	0
Income taxes	VM	0	0%	0
Value added tax	VB	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0
Group and Associates	VC	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0

Prepaid

		31/12/2004		31/12/2003
Prepaid	VS	0	0%	0

State Debt

			31/12/2004		31/12/2003
	Total debt (gross)	VY	0	0%	0
1 year at most		VZ2	0	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0
More than 5 years		VZ4	0	0%	0

Details

			31/12/2004		31/12/2003
	Convertible bonds (gross)	7Y1	0	0%	0
1 year at most		7Y2	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0
1 year at most		7Z2	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0
1 year at most		VG2	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0
1 year at most		VH2	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0
1 year at most		8A2	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0
	Suppliers and associated accounts (gross)	8B1	0	0%	0
1 year at most		8B2	0	0%	0
More than 1 year and 5 years at most		8B3	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0
1 year at most		8C2	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0
1 year at most		8D2	0	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0
1 year at most		8E2	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0
	VAT (gross)	VW1	0	0%	0
1 year at most		VW2	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0
1 year at most		VX2	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0
1 year at most		VQ2	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0
1 year at most		8J2	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0
More than 5 years		8J4	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0
1 year at most		VI2	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0
More 5 years		VI4	0	0%	0
	Other liabilities (gross)	8K1	0	0%	0
1 year at most		8K2	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0
1 year at most		SZ2	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0
	Products in advance (gross)	8L1	0	0%	0
1 year at most		8L2	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0

References

		31/12/2004		31/12/2003
Loans made during the period	VJ	0	0%	0
Debt repaid during the period	VK	0	0%	0

Table allocation results and other information 
Dividends distributed

		31/12/2004		31/12/2003
Dividends	ZE	0	0%	0

Commitments

		31/12/2004		31/12/2003
Commitments leasing furniture	YQ	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0

Other charges Externes

		31/12/2004		31/12/2003
Subcontracting	YT	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0
Staff outside the company	YU	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0
Other accounts	ST	0	0%	0
Total Other purchases and external	ZJ	0	0%	0

Taxes and Fees

		31/12/2004		31/12/2003
Business tax	YW	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0
Total taxes and fees	YX	0	0%	0

VAT

		31/12/2004		31/12/2003
Amount VAT collected	YY	0	0%	0
Total VAT on goods and services	YZ	0	0%	0

Average number of employees

		31/12/2004		31/12/2003
Average number of employees	YP	328	-32.4%	485

Groups and Shareholders

		31/12/2004		31/12/2003
Groups and Shareholders	ZR	-	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2004		31/12/2003	Sector Median2004
Fixed Asset Financing		1.47	-15.0%	1.73	1.14	28.9%
Global Debt		165 days	66.7%	99 days	136 days	21.3%
Working Capital Fund overall net		162 days	-25.3%	217 days	31 days	422.6%
Financial independence		175.69%	-99.9%	142502.89%	65.90%	166.6%
Solvability		46.72%	-35.7%	72.66%	25.05%	86.5%
Capacity debt futures		%	-	%	684.51%	-
Coverage of current assets by net working capital overall		65.02%	-3.7%	67.50%	32.38%	100.8%
General Liquidity			-		0.53	-
Restricted Liquidity			-		0.69	-

Management or rotation

		31/12/2004		31/12/2003	Sector Median2004
Need background in operating working capital		153 days	15.9%	132 days	10 days	1430.0%
Treasury		7 days	-91.0%	78 days	2 days	250.0%
Inventory turnover of goods		0 days	0%	0 days	0 days	0%
Average length of credit granted to customers		121 days	7.1%	113 days	41 days	195.1%
Average length of credit obtained suppliers		47 days	-28.8%	66 days	50 days	-6.0%
Inventory turnover of raw materials in industrial enterprises		16 days	14.3%	14 days	12 days	33.3%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	143.50 days	-
Rotation tangible assets		%	-	%	156.09%	-

Profitability of the business

		31/12/2004		31/12/2003	Sector Median2004
Margin trading		1.32%	3400%	-0.04%	0%	0%
Profitability of the business		2.89	-55.7%	6.53	7.20%	-59.9%
Net profit		-5.76%	-187.0%	6.62%	1.06%	-643.4%
Growth rate of turnover (excluding VAT)		-11.27%	-	%	0%	0%
Rates integration		27.87%	-8.3%	30.40%	22.26%	25.2%
Rate leasing furniture		0%	0%	0%	0%	0%
Work Factor		85.85%	13.6%	75.58%	62.64%	37.1%
Weight interests		5.47	-9.4%	6.04%	0.67%	716.4%

Return on capital

		31/12/2004		31/12/2003	Sector Median2004
Cash flow from the overall profitability		-4.07%	-167.6%	6.02%	5.53%	-173.6%
Rates of economic profitability		4%	-50.0%	8%	21%	-81.0%
Financial profitability		23324279%	-52.0%	48577811%	79719%	29158.1%
Return on investment		-0.42%	-102.7%	15.33%	6.56%	-106.4%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion 

	31/12/2004		31/12/2003	Sector Median2004
Turnover	52,248,837	-11.3%	58,883,437	751,922 €	6848.7%

Sales of goods	2,665,056	-43.5%	4,719,504
- Purchase of goods	1,975,586	-58.3%	4,741,085
+/- Stock of goods variation	0	0%	0
Trading margin	689,470 €	3294.8%	-21,581 €	0 €	0%
	1.32 % CA	3400%	-0.04 % CA	0 % CA	0%

Sale of goods produced	49,583,780	-8.5%	54,163,932
+/- Stocked production	89,575	160.0%	-149,275
+ Self-constructed assets	0	0%	0
Period production	49,673,355 €	-8.0%	54,014,657 €	398,842 €	12354.4%
	95.07 % CA	3.6%	91.73 % CA	100 % CA	-4.9%

Trading margin	689,470	3294.8%	-21,581	0	0%
+ Period Production	49,673,355	-8.0%	54,014,657	398,842	12354.4%
- Purchase of raw materials	11,325,498	2.9%	11,003,135
+/- Change in stocks of raw materiels	7,366	120.8%	-35,367
- Other external purchases and charges	24,467,378	-2.6%	25,123,451
Added value	14,562,583 €	-18.7%	17,901,857 €	143,465 €	10050.6%
	27.87 % CA	-8.3%	30.40 % CA	22.26 % CA	25.2%

Added value	14,562,583 €	-18.7%	17,901,857 €	143,465 €	10050.6%
+ Operating grants	70,721	-2.9%	72,802
- Tax, duty and similar payments	624,393	4.0%	600,294
- Personal charges	12,501,398	-7.6%	13,530,054
Gross operating surplus	1,507,513 €	-60.8%	3,844,311 €	35,396 €	4159.0%
	2.89 % CA	-55.7%	6.53 % CA	7.20 % CA	-59.9%

Gross operating surplus	1,507,513 €	-60.8%	3,844,311 €	35,396 €	4159.0%
+ Release of reserves and provisions	1,096,744	14.3%	959,616
+ Other operating income	20,542	-89.5%	196,204
- Depreciation/Amortisation	4,335,781	37.6%	3,150,343
- Other charges	143,764	-61.0%	368,450
Operating result	-1,854,746 €	-225.2%	1,481,338 €	13,521 €	-13817.5%
	-3.55 % CA	-240.9%	2.52 % CA	2.02 % CA	-275.7%

Operating result	-1,854,746 €	-225.2%	1,481,338 €	13,521 €	-13817.5%
+/- Result of joint-venture transferred from/to other partners	31,696	-3.3%	32,791
+ Financial income	2,144,833	-48.4%	4,159,470
- Financial charges	2,858,089	-19.6%	3,554,622
Pre-tax result	-2,599,698 €	-226.6%	2,053,395 €	7,498 €	-34771.9%
	-4.98 % CA	-242.7%	3.49 % CA	1.15 % CA	-533.0%

Extraordinary income	763,882	-99.1%	86,081,515	2,303	33069.0%
- Extraordinary charges	1,209,778	-98.6%	84,109,623
Extraordinary result	-445,896 €	-122.6%	1,971,892 €	06 €	-7431700%
	-0.85 % CA	-125.4%	3.35 % CA	0.01 % CA	-8600%

Pre-tax result	-2,599,698 €	-226.6%	2,053,395 €	7,498 €	-34771.9%
Extraordinary result	-445,896 €	-122.6%	1,971,892 €	06 €	-7431700%
- Employee profit sharing	0	0%	0
- Tax on profits	29,801	-84.6%	193,659
Net result	-3,075,395 €	-180.3%	3,831,628 €	6,837 €	-45081.6%
	-5.89 % CA	-190.5%	6.51 % CA	1.06 % CA	-655.7%

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	22/01/2009
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	LA FINANCIERE GRAND CHAMP
Direct parent	HUBBARD HOLDING - 100 %
Group – Number of companies	37
Linkages – Number of companies	12
Number of countries	7

Group Structure

Company Name	Safe Number	SIREN	Parts	Rating	Limit	Last account published
LA FINANCIERE GRAND CHAMP	FR03949988	402445159	-	25	0 €	-
GROUPE GRIMAUD LA CORBIERE	FR00883949	317735215	51.95%	54	430 000 €	31/12/2013
GRIMAUD ITALIA S.R.L.	-	VI219986	100%		-	31/12/2013
GRIMAUD MALAYSIA SDN BHD	-	-	51%	-	-	-
CHENGDU GRIMAUD BREEDING FARM CO L...	-	-	92.21%	-	-	-
FILAVIE	FR05159865	421550443	94.36%	75	150 000 €	31/12/2012
GRIMAUD PUTIAN BREEDING FARM CO LT...	-	-	93%	-	-	-
GRIMAUD DEYANG ANIMAL HEALTH CO LT...	-	-	93.91%	-	-	-
HUBBARD HOLDING	FR08299183	481908184	95%	100	150 000 €	31/12/2013
HNL AGRI B.V.	NL00271021	08022499	100%	67	32 000 €	31/12/2013
HUBBARD	FR00555420	305609398	100%	36	280 000 €	31/12/2004
HUBBARD ASIA CO. LTD	-	-	44%	-	-	-
HUBBARD DO BRASIL AVICULTURA	-	-	99.63%	-	-	-
GLOBAL BREEDERS AVICOLA	-	-	51%	-	-	-
HUBBARD HOLDING THAÏLAND CO LT...	-	-	90.57%	-	-	-
HUBBARD ASIA CO. LTD	-	-	51%	-	-	-
HUBBARD POLSKA	-	-	100%	-	-	-
AGRABONA KFT	-	-	50%	-	-	-
SIBIR SHAVER	-	-	Min blocking	-	-	-
AVICOMPOST	FR03108558	388865883	100%	63	20 000 €	31/12/2013
HUBBARD UK	-	-	100%	-	-	-
HUBBARD L.L.C.	-	-	100%	-	-	-
GRIMAUD FRERES SELECTION	FR01674117	338347974	99.74%	56	280 000 €	31/12/2013
CANARDERIE DE LA RONDE	FR05627460	428669931	99.47%	75	75 000 €	31/12/2013
LA COUVEE	FR03823113	400747937	89.92%	75	75 000 €	31/12/2012
HYPHARM	FR02276588	351350491	99%	75	255 000 €	31/12/2013
CHOICE GENETICS	FR10052701	502276322	100%	1	0 €	31/12/2013
BUCOLICA B.V.	NL01050925	20107713	61.37%		-	31/12/2009
APEX GENETICS LLC	-	-	70%	-	-	-
NEWSHAME GENETICS LLC	-	-	65.75%	-	-	-
NESHAME CHOICE GENETICS LLC	-	-	100%	-	-	-
NEWSHAME DO BRASIL LTDA	-	-	99.84%	-	-	-
NEWSHAME DE MEXICO S. DE SRL...	-	-	99.99%	-	-	-
GENTEC NV	BE00509075	479431012	40%	46	0 €	31/12/2013
NG INTERNATIONAL LC	-	-	100%	-	-	-
NEWSHAME CHOICE GENETICS C...	-	-	100%	-	-	-
NOVOGEN	FR10346093	507398543	65.81%	36	10 000 €	31/12/2011

Shareholders

Linkages

Ultimate parent company	LA FINANCIERE GRAND CHAMP
Direct parent	HUBBARD HOLDING - 100 %
Group – Number of companies	37
Linkages – Number of companies	12
Number of countries	7
Company Name		Safe Number	SIREN	Last account	Rating	Limit	Turnover
HUBBARD UK LIMITED		UK06074575	06431385	31/12/2013	83	75 000 £	-
RATTLEROW SEGHERS B.V.		NL01032033	20075279	31/12/2013	69	25 000 €	-
KLASSE KI B.V.		NL00838608	17159186	31/12/2013	45	6 500 €	-
LA LUPA HOLDING B.V.		NL00889039	17214226	31/12/2013	87	17 500 €	-
RATTLEROW SEGHERS IBERICA		ES03637769	1990498	-	NC	-	-
RA-SE GENETICS HOLDING NV		BE00505581	479074090	31/12/2013	21	0 €	1 560 413 €
RA-SE GENETICS NV		BE00506620	479179703	31/12/2013	19	0 €	1 317 841 €
NEWSHAM CHOICE GENETICS		US14924920	US14924920	-	NC	-	2 600 000 $
INTERCELL USA, INC		US27790105	US27790105	-	86	22 100 $	1 475 000 $
FINANCIERE GRAND CHAMP SAS		-	-	-		-	-
GROUPE GRIMAUD LA CORBIERE SA		-	-	-		-	-
HUBBARD HOLDING SAS		-	-	-		-	-

event history

STATUS HISTORY

No Status History

RECENT PUBLICATIONS IN GAZETTES

Publication date	Gazette Name	Description
24/07/2013	Bodacc B	Modification et mutation diverse
22 - COTES-D'ARMOR GREFFE DU TRIBUNAL DE COMMERCE DE SAINT-BRIEUC 529 - 305 609 398 RCS Saint-Brieuc. HUBBARD. Forme : Société par actions simplifiée. Administration : Président : HUBBARD HOLDING (SASU) Directeur général : ROCHARD Olivier, Jean-Marie, Raymond Commissaire aux comptes titulaire : SOTALEC AUDIT Commissaire aux comptes titulaire : CABINET GERARD CHESNEAU ET ASSOCIES Commissaire aux comptes suppléant : BORE Claudine Commissaire aux comptes suppléant : MAUGEAIS Yann. Activité : .  Commentaires : Modification survenue sur l'administration.
13/03/2013	Bodacc B	Modification et mutation diverse
22 - COTES-D'ARMOR GREFFE DU TRIBUNAL DE COMMERCE DE SAINT-BRIEUC 455 - 305 609 398 RCS Saint-Brieuc. HUBBARD. Forme : Société par actions simplifiée. Administration : Président : HUBBARD HOLDING (SASU) Directeur général : ROCHARD Olivier, Jean-Marie, Raymond Commissaire aux comptes titulaire : SOTALEC AUDIT Commissaire aux comptes titulaire : CABINET GERARD CHESNEAU ET ASSOCIES Commissaire aux comptes suppléant : ROUSSEAU Jacky Commissaire aux comptes suppléant : BORE Claudine. Activité : .  Commentaires : Modification survenue sur l'administration.
21/02/2013	JAL	Appointment of the social representative
Tregor (Le) Date de décision : 01/02/2013 Société faisant l'objet d'une nomination : 305609398 - HUBBARD, MAUGUERAND, COUVOIRS DE LA BRUYERE, BP 169, 22800 LE FOEIL  Nominé : 481908184 - HUBBARD HOLDING, LD LA CORBIERE, 49450 ROUSSAY  En la fonction de : Président
21/02/2013	JAL	Resignation / Revocation of the social representative
Tregor (Le) Date de décision : 01/02/2013 La société 305609398 - HUBBARD, MAUGUERAND, COUVOIRS DE LA BRUYERE, BP 169, 22800 LE FOEIL  Fait l'objet du départ de Monsieur Frédéric GRIMAUD
27/06/2012	Bodacc B	Modification et mutation diverse
22 - COTES-D'ARMOR GREFFE DU TRIBUNAL DE COMMERCE DE SAINT-BRIEUC 567 - 305 609 398 RCS Saint-Brieuc. HUBBARD. Forme : Société par actions simplifiée. Administration : Président : GRIMAUD FREDERIC Directeur général : ROCHARD Olivier, Jean-Marie, Raymond Commissaire aux comptes titulaire : SOTALEC AUDIT Commissaire aux comptes titulaire : CABINET GERARD CHESNEAU ET ASSOCIES Commissaire aux comptes suppléant : ROUSSEAU Jacky Commissaire aux comptes suppléant : BORE Claudine.Activité : .  Commentaires : Modification survenue sur l'administration.
24/05/2012	JAL	Resignation / Revocation of the social representative
Tregor (Le) Date de décision : 10/05/2012 La société 305609398 - HUBBARD, MAUGUERAND, COUVOIRS DE LA BRUYERE, BP 169, 22800 LE FOEIL  Fait l'objet du départ de Monsieur Stéphane Duthoit
24/05/2012	JAL	Appointment of the social representative
Tregor (Le) Date de décision : 10/05/2012 Société faisant l'objet d'une nomination : 305609398 - HUBBARD, MAUGUERAND, COUVOIRS DE LA BRUYERE, BP 169, 22800 LE FOEIL  Nominé : Monsieur Olivier Rochard, 49300 CHOLET En la fonction de : Directeur général
14/09/2010	Bodacc B	Modification et mutation diverse
22 - COTES-D'ARMOR GREFFE DU TRIBUNAL DE COMMERCE DE SAINT-BRIEUC 596 - 305 609 398 RCS Saint-Brieuc. HUBBARD. Forme : Société par actions simplifiée. Administration : Président : GRIMAUD FREDERIC Directeur général : DUTHOIT STEPHANE Commissaire aux comptes titulaire : SOTALEC AUDIT Commissaire aux comptes titulaire : CABINET GERARD CHESNEAU ET ASSOCIES Commissaire aux comptes suppléant : ROUSSEAU Jacky Commissaire aux comptes suppléant : BORE Claudine.  Commentaires : Modification survenue sur l'administration.
02/04/2008	Bodacc B	Modification et mutation diverse
22 - COTES-D'ARMOR GREFFE DU TRIBUNAL DE COMMERCE DE SAINT-BRIEUC 335 - 305 609 398 RCS Saint-Brieuc. HUBBARD. Forme : Société par actions simplifiée. Activité : Créer, exploiter, mettre en valeur des centre d'élevage et de recherches expérimentales en vue de sélectionner, produire, distribuer, acheter, vendre,importer et exporter toutes espèces animales et végétales.  Commentaires : Modification survenue sur l'activité.
24/02/2006	Bodacc C	Avis de dépôt des comptes
1095 - RCS Saint-Brieuc B 305 609 398. RC 77-B 59. HUBBARD. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: Mauguerand,22800 Le Foeil. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
06/12/2005	Bodacc B	Modifications et mutations diverses
858 - RCS Saint-Brieuc B 305 609 398. RC 77-B 59. HUBBARD. Forme : S.A.S. Adresse du siège social : Mauguerand,, 22800 Commentaires : modification survenue sur l'adresse du siège social. Date d'effet : 14 octobre 2005.
24/11/2005	Bodacc B	Modifications et mutations diverses
699 - RCS Lyon 305 609 398. RC 76-B 00417. HUBBARD. Forme : S.A.S. Adresse du siège social : 119 avenue Maréchal-de-Saxe,, 69003 Administration : ancien commissaire aux comptes titulaire : S.A. PRICEWATERHOUSECOOPERS AUDIT. Nouveau commissaire aux comptes titulaire : CHESNEAU (Gérard). Ancien commissaire aux comptes suppléant : COLL (Pierre). Nouveau commissaire aux comptes suppléant : S.A. CABINET GERARD CHESNEAU ET ASSOCIES.
03/08/2005	Bodacc B	Modifications et mutations diverses
1428 - RCS Lyon 305 609 398. RC 76-B 00417. HUBBARD. Forme : S.A.S. Adresse du siège social : 119 avenue du Maréchal-de-Saxe,, 69003 Administration : ancien président : GOUFFE (Daniel). Nouveau président : GRIMAUD (Frédéric). Nomination en qualité de directeur général : DUTHOIT (Stéphane).
23/09/2003	Bodacc B	Modifications et mutations diverses
RCS Lyon 305609398 RC 76-B 00417 HUBBARD. Forme : S.A.S. Adresse du siège social : 119 avenue de Saxe, 69003 Lyon. Administration : ancien commissaire aux comptes titulaire : PRICE WATERHOUSE COOPERS. Nouveau commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT. Ancien commissaire aux comptes suppléant : BEFEC PRICE WATERHOUSE. Nouveau commissaire aux comptes suppléant : COLL (Pierre). Commentaires : modification survenue sur la dénomination.
29/03/2003	Bodacc B	Modifications et mutations diverses
RCS Lyon 305609398 RC 76-B 00417 HUBBARD ISA. Forme : S.A.S. Adresse du siège social : 119 avenue de Saxe, 69003 Lyon. Administration : ancien commissaire aux comptes suppléant : STE ARTHUR ANDERSEN. Nouveau commissaire aux comptes suppléant : S.A. BEFEC-PRICE WATERHOUSE.
02/02/2001	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Lyon 305609398 RC 76-B 00417 HUBBARD ISA. Forme : S.A. Capital : 15 337 611,25 euros. Adresse : 119 avenue de Saxe, 69003 Lyon Nouvelle situation du siège social. Forme : S.A.S. Administration : ancien P.-D.G. : GOUFFE (Daniel), qui devient président. Administrateurs : GASCOYNE (John) ADELUS (Benoit) et MERIAL S.A.S. Date d'effet : 20 novembre 2000.
29/12/2000	Bodacc B	Modifications et mutations diverses
RCS Lyon 305609398 RC 76-B 00417 HUBBARD ISA. Forme : S.A. Capital : 15 337 611,25 euros. Adresse du siège social : 119 avenue de Saxe, 69003 Lyon. Administration : ancien P.-D.G. et administrateur : COURTILLE (Yves). Nouveau P.-D.G. et administrateur : GOUFFE (Daniel). Date d'effet : 17 octobre 2000.
26/09/2000	Bodacc B	Modifications et mutations diverses
305609398. RCS Lyon. RC 76-B 417 HUBBARD ISA. Forme : S.A. Capital : 15 337 611,25 $ EU. Adresse du siège social : 119, avenue de Saxe, 69003 Lyon. Administration : ancien(s) administrateur(s) : UNIGRAINS nouveau(x) administrateur(s) : ADELUS ( Benoit) ancien commissaire aux comptes titulaire : COMMISSARIAT AUX COMPTES AUDIT ancien commissaire aux comptes suppléant : PAVIE ET ASSOCIES nouveau titulaire : PRIE WATERHOUE COOPERS : nouveau suppléant : ARTHUR ANDERSEN. Date d'effet : 23 juin 2000.
11/07/2000	Bodacc B	Modifications et mutations diverses
305 609 398. RCS Lyon. A dater du: 16 avril 1976 RC 76-B 00417 HUBBARD ISA. Forme : S.A. Capital : 15 337 611,25 euros. Adresse du siège social : 119 avenue de Saxe, 69003 Lyon. Administration : changement de représentant permanent de la SOCIETE MERIAL, administrateur : ancien : GOETZ (Yves), nouveau : MARTIN JARRAND ( Philippe). Date d'effet : 18 janvier 2000.
11/07/2000	Bodacc B	Modifications et mutations diverses
305 609 398. RCS Lyon. RC 76-B 00417 HUBBARD ISA. Forme : S.A. Capital : 15 337 611,25 euros. Adresse du siège social : 119 avenue de Saxe, 69003 Lyon. Administration : ancien administrateur : CHAMPEL (Louis). Date d'effet : 28 février 2000.
14/03/2000	Bodacc B	Modifications et mutations diverses
305 609 398. RCS Lyon. RC 76-B 00417 HUBBARD ISA. Forme : S.A. Capital : 15 337 611,25 euros. Adresse du siège social : 119 avenue de Saxe, 69003 Lyon. Commentaires : modification survenue sur le capital social. Date d'effet : 1er janvier 2000.
20/01/1998	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Lyon B 305 609 398 RC 76-B 00417 INSTITUT DE SELECTION ANIMALE. Forme : S. A. Capital : 100 574 500 F. Adresse : 119 avenue de Saxe 69003 Lyon Nouvelle situation du siège social dénomination: HUBBARD ISA. Administration : ancien P.-D. G. : CHAMPEL. Nouveau P.-D.G. : COURTILLE (Yves), ancien directeur général. Ancien administrateur : MALHER (Guy). Nouvel administrateur : GASCOYNE (John). Ancien représentant permanent de la STE RHONE MERIEUX S.A., administrateur : GAUDRY (Daniel). Nouveau représentant permanent de la S. A. MERIAL (anciennement STE RHONE MERIEUX S.A.), administrateur : GOETL ( Yves). Date d'effet : 27 octobre 1997.
10/06/1997	Bodacc B	Modifications et mutations diverses
RCS Lyon B 305609398 RC 76-B 417 INSTITUT SELECTION ANIMALE. Forme : S.A. Capital : 100 574 500 F. Adresse du siège social : 119, avenue de Saxe, 69003 Lyon. Administration : ancien président du conseil d'administration : MALHER (Guy) nouveau président du conseil d' administration : CHAMPEL (Louis). ancien administrateur : GAUDRY (Daniel) ancien représentant de RHONE MERIEUX : CHAMPEL (Louis) nouveau représentant : GAUDRY (Daniel). Date d'effet : 28 février 1997.

Company events history

Date	Description
02/08/2014	Update Limit
02/08/2014	Update Rating
02/05/2014	New ultimate parent
09/01/2014	Update Rating
09/01/2014	Update Limit
17/10/2013	Update Rating
17/10/2013	Update Limit
14/10/2013	Update Rating
14/10/2013	Update Limit
24/07/2013	Bodacc B: Various editing or changing
11/07/2013	New auditor
11/07/2013	Amendment
13/03/2013	Bodacc B: Various editing or changing
21/02/2013	Legal Gazette: Resignation / Revocation of the social representative
19/02/2013	Amendment
19/02/2013	New chairman (CEO, CoB)
01/02/2013	Legal Gazette: Appointment of the social representative
27/06/2012	Bodacc B: Various editing or changing
25/05/2012	Amendment
25/05/2012	Updated articles of association
24/05/2012	Legal Gazette: Resignation / Revocation of the social representative
10/05/2012	Legal Gazette: Appointment of the social representative
02/09/2011	New ultimate parent
21/01/2011	Update of participations in other companies
14/09/2010	Bodacc B: Various editing or changing
30/08/2010	New auditor
30/08/2010	Amendment
22/01/2009	Collection of preferential rights activated for this company
26/06/2008	Statuts mis à jour
26/06/2008	Updated articles of association
26/06/2008	Minutes of general meeting of shareholders
26/06/2008	PV d'Assemblée
26/06/2008	Private document
04/04/2008	Acte modificatif
04/04/2008	Déclaration de conformité
04/04/2008	Declaration of conformity
04/04/2008	Amendment
04/04/2008	Private document
04/04/2008	Minutes of general meeting of shareholders
02/04/2008	Bodacc B: Various editing or changing
23/01/2008	Amendment
23/01/2008	Rapport des Commissaires ou du Gérant
23/01/2008	Private document
23/01/2008	Audit or Management Report
26/12/2007	Planned merger
26/12/2007	Acte sous seing privé
26/12/2007	Private document
02/11/2005	Transfert du Siège dans le ressort du Tribunal de Commerce
02/11/2005	Registered office transferred inside jurisdiction of the Commercial Court
02/11/2005	Statuts mis à jour
02/11/2005	Updated articles of association
02/11/2005	Acte modificatif
02/11/2005	Updated articles of association
02/11/2005	Minutes of general meeting of shareholders
02/11/2005	PV d'Assemblée
02/11/2005	Registered office transferred inside jurisdiction of the Commercial Court
02/11/2005	Acte sous seing privé
02/11/2005	Private document
02/11/2005	Private document
02/11/2005	Minutes of general meeting of shareholders
11/10/2005	Minutes of general meeting of shareholders
11/10/2005	PV d'Assemblée
11/10/2005	Minutes of general meeting of shareholders
11/10/2005	Appointment/resignation of company officers
11/10/2005	Appointment/resignation of company officers
11/10/2005	Private document
11/10/2005	Private document
11/10/2005	Acte sous seing privé
11/10/2005	Nomination/démission des organes de gestion
11/10/2005	Acte modificatif
11/10/2005	New auditor
11/10/2005	New auditor
11/10/2005	Changement de Commissaire aux Comptes
17/06/2005	Acte sous seing privé
17/06/2005	Acte modificatif
17/06/2005	Private document
17/06/2005	Private document
17/06/2005	Appointment/resignation of company officers
17/06/2005	Nomination/démission des organes de gestion
17/06/2005	Appointment/resignation of company officers
31/12/2004	New accounts available
31/12/2003	New accounts available
19/08/2003	Changement de Commissaire aux Comptes
19/08/2003	Statuts mis à jour
19/08/2003	Changement de dénomination sociale
19/08/2003	Acte sous seing privé
19/08/2003	Acte modificatif
19/08/2003	Nomination/démission des organes de gestion
19/08/2003	PV d'Assemblée
21/05/2003	Déclaration de conformité
21/05/2003	Acte sous seing privé
21/05/2003	PV d'Assemblée
21/05/2003	Acte modificatif
26/03/2003	Acte sous seing privé
26/03/2003	Rapport des Commissaires ou du Gérant
26/02/2003	Apport Partiel
26/02/2003	Acte sous seing privé
26/02/2003	Acte modificatif
13/02/2003	Acte sous seing privé
13/02/2003	Changement de Commissaire aux Comptes
13/02/2003	Nomination/démission des organes de gestion
13/02/2003	PV d'Assemblée
13/02/2003	Acte modificatif
23/07/2002	Requête et Ordonnance
22/12/2000	Acte modificatif
22/12/2000	Changement de Forme Juridique sans changement de catégorie
22/12/2000	Statuts
22/12/2000	Statuts mis à jour
22/12/2000	PV d'Assemblée
22/12/2000	Nomination/démission des organes de gestion
22/12/2000	Acte sous seing privé
20/11/2000	Modification du Conseil d'Administration
20/11/2000	Nomination/démission des organes de gestion
20/11/2000	Changement de Président (PDG, PCA)
20/11/2000	Acte modificatif
20/11/2000	PV du Conseil d'Administration
20/11/2000	Acte sous seing privé
27/10/2000	Update of Company Legal Form
27/10/2000	Other modification of Establishment (error correction)
17/08/2000	Nomination/démission des organes de gestion
17/08/2000	Acte sous seing privé
17/08/2000	Modification du Conseil d'Administration
17/08/2000	PV d'Assemblée
17/08/2000	Acte modificatif
17/08/2000	Changement de Commissaire aux Comptes
31/05/2000	Acte sous seing privé
31/05/2000	Nomination/démission des organes de gestion
31/05/2000	Acte modificatif
03/02/2000	Acte sous seing privé
03/02/2000	Conversion du Capital Social en Euros
03/02/2000	Statuts
03/02/2000	Statuts mis à jour
03/02/2000	Acte modificatif
03/02/2000	PV d'Assemblée
03/02/2000	Augmentation de Capital
06/01/1999	Acte modificatif
06/01/1999	Fusion
06/01/1999	PV d'Assemblée
06/01/1999	Déclaration de conformité
06/01/1999	Acte sous seing privé
20/11/1998	Acte modificatif
20/11/1998	Rapport des Commissaires ou du Gérant
20/11/1998	Acte sous seing privé
26/10/1998	Acte modificatif
26/10/1998	Projet de Fusion
26/10/1998	Acte sous seing privé
05/10/1998	Requête et Ordonnance
05/10/1998	Nomination/démission des organes de gestion
21/11/1997	Nomination/démission des organes de gestion
21/11/1997	Changement de Président (PDG, PCA)
21/11/1997	Statuts
21/11/1997	Acte modificatif
21/11/1997	PV du Conseil d'Administration
21/11/1997	Acte sous seing privé
21/11/1997	Statuts mis à jour
08/07/1997	Acte sous seing privé
08/07/1997	Modification du Conseil d'Administration
08/07/1997	Acte modificatif
08/07/1997	PV d'Assemblée
14/04/1997	Modification du Conseil d'Administration
14/04/1997	Acte modificatif
14/04/1997	Acte sous seing privé
14/04/1997	PV du Conseil d'Administration
14/04/1997	Nomination/démission des organes de gestion
07/04/1997	Acte sous seing privé
07/04/1997	Requête et Ordonnance
02/08/1995	Statuts
02/08/1995	PV d'Assemblée
02/08/1995	Acte modificatif
02/08/1995	Statuts mis à jour
01/09/1994	Acte modificatif
01/09/1994	PV du Conseil d'Administration
01/09/1994	PV d'Assemblée
15/03/1994	Statuts
15/03/1994	Déclaration de conformité
15/03/1994	Acte modificatif
15/03/1994	Statuts mis à jour
15/03/1994	PV d'Assemblée
26/11/1993	PV du Conseil d'Administration
26/11/1993	Acte modificatif
18/06/1993	Modification du Conseil d'Administration
18/06/1993	Acte sous seing privé
18/06/1993	Acte modificatif
23/04/1993	Acte modificatif
23/04/1993	PV du Conseil d'Administration
23/04/1993	Modification du Conseil d'Administration

Establishment events history

Date	Description
22/02/2014	Update of phone numbers
23/02/2013	Update Rating
11/01/2013	Update of phone numbers
06/05/2011	Update Rating
03/07/2008	Update Rating
12/06/2008	Update of phone numbers
11/12/2007	Update Limit
09/12/2007	Update Limit
20/05/2007	Update Rating

Directors

Shareholder(s)

Name	HUBBARD HOLDING
Name of representative
Manager position	President	Date of birth
Place of birth
Type	Moral person	Name at birth

Name	M. ROCHARD OLIVIER JEAN-MARIE RAYMOND
Manager position	Managing director	Date of birth	24/12/1967
Place of birth	CHOLET (49)
Type	Individual	Name at birth

PREVIOUS DIRECTORS

No data about previous directors is available for this company

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.24
UK Pound	1	Rs.95.57
Euro	1	Rs.71.01

INFORMATION DETAILS

Analysis Done by :	KAR
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.