MIRA INFORM REPORT

Report No. :	304776
Report Date :	21.01.2015

IDENTIFICATION DETAILS

Name :	AIRBUS HELICOPTERS
Registered Office :	Aerop International Marseille Provence, Aeroport Marseille Provence 13725 Marignane Cedex
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	November 1989
Com. Reg. No.:	RCS Aix-en-Provence 9 352 383 715
Legal Form :	Simplified Joint Stock Company
Line of Business :	· Engaged in manufacturing of rotorcraft (including civil and Military Helicopters) · Engaged in Aeronautical Engineering and Space · Engaged in designing, Manufacturing and Supporting Light Single engine Helicopters.
No of Employees :	7937 (31.12.2010)

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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 Summary

Name	AIRBUS HELICOPTERS		EUR VAT Number FR52352383715
SIRET	352 383 715 00021
Activity (APE) · Engaged in manufacturing of rotorcraft (including civil and Military Helicopters) · Engaged in Aeronautical Engineering and Space · Engaged in designing, Manufacturing and Supporting Light Single engine Helicopters.				Legal Form Simplified joint stock company
Phone		+33 (0)4 42 85 85 85 / 04 42 14 14 14	RCS Registration	RCS Aix-en-Provence 9 352 383 715
Fax		+33 (0)4 42 85 85 00
		AIRBUS HELICOPTERS	Share capital	581,614,047 Euros
Address		AEROP INTERNATIONAL MARSEILLE PROVENCE AEROPORT MARSEILLE PROVENCE 13725 MARIGNANE CEDEX	Incorporated Date	11/1989
Nationality		France	Status	Economically active

Payment Information Summary - Trade Payment Data
Total number of Invoices available	55
Total number of Invoices paid within or up to 30 days after the due date	14
Total number of Invoices paid more than 30 days after the due date	1
Total number of Invoices currently outstanding where the due date has not yet been reached	40
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

EADS PARTICIPATIONS

Current directors 1

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	3,169,000,000 €	2,693,491,909 €	2,608,000,000 €
Gross Operating Surplus	11.52 % Turnover	5.99 % Turnover	2.80 % Turnover
Shareholders' equity	885,000,000 €	819,871,050 €	801,000,000 €
Net result	62,000,000 €	28,176,151 €	7,000,000 €
Employees	7937 (31.12.2010)	-	-

Trends

Profitability
Liquidity
Net worth

Company details

Activity (APE)	· Engaged in manufacturing of rotorcraft (including civil and Military Helicopters) · Engaged in Aeronautical Engineering and Space · Engaged in designing, Manufacturing and Supporting Light Single engine Helicopters.
RCS Registration	RCS Aix-en-Provence 9 352 383 715	Share capital	581,614,047 Euros
Registration Court	Aix-en-Provence (13)	Legal form	Simplified joint stock company
Court Registry Number	19 9 1B01218	EUR VAT Number	FR52352383715
Incorporation Date	11/1989	Formation Date	11/1989
Deregistration Date	--	Last account Date	31/12/2012
Nationality	France

Establishment details

Postal Address	AEROP INTERNATIONAL MARSEILLE PROVENCE AEROPORT MARSEILLE PROVENCE 13725 MARIGNANE CEDEX	Business Pages FT®	AEROPORT SERVICE AEROPORTUAIRE
Telephone	+33 (0)4 42 85 85 85 / 04 42 14 14 14	Trading Address	AEROPORT MARSEILLE PROVENCE 13700 MARIGNANE
Fax	+33 (0)4 42 85 85 00

Activity (APE) · Engaged in manufacturing of rotorcraft (including civil and Military Helicopters) · Engaged in Aeronautical Engineering and Space · Engaged in designing, Manufacturing and Supporting Light Single engine Helicopters.
Type	Head office	Status	Economically active
Formation Date	12/1991	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Bouches-du-Rhone (13)	Region	Cote d'Azur
District	4	Area	36
City	MARIGNANE	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches

6 branch entities in this company

Head office

> AIRBUS HELICOPTERS <<< - Construction aeronautique et spatiale (3030Z) in MARIGNANE (13700)

Secondary establishments

AIRBUS HELICOPTERS - Construction aeronautique et spatiale (3030Z) in VITROLLES (13127)

AIRBUS HELICOPTERS - Construction aeronautique et spatiale (3030Z) in BONNEUIL EN FRANCE (95500)

AIRBUS HELICOPTERS - Construction aeronautique et spatiale (3030Z) in MARIGNANE (13700)

AIRBUS HELICOPTERS - Construction aeronautique et spatiale (3030Z) in AIX EN PROVENCE (13100)

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

5 000+ employees

Company workforce

7937 (31.12.2010)

Accounts

Synthesized Accounts

Display parameter
Currency	Euro
Comparison mode	Median

Annual Accounts	31/12/2012		31/12/2011		31/12/2010
Account period (month)		12		12		12
Account Type	Normal		Normal		Normal
Date of capture	29/08/2013		04/07/2012		20/07/2011
Activity Code		3030Z		3030Z	3030Z
Employees		0		0		7937
Active account
						Sector
Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Median 2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	766,000,000	11.7%	685,903,045	5.0%	653,000,000	625,195	122421.8%
- Intangible assets	38,000,000	23.7%	30,715,848	22.9%	25,000,000	61,375	61814.5%
- Tangible assets	391,000,000	17.3%	333,355,612	3.5%	322,000,000	326,077	119810.3%
- Financial assets	337,000,000	4.7%	321,831,585	5.2%	306,000,000	15,327	2198634.3%
Net current assets	4,902,000,000	9.0%	4,496,658,389	10.6%	4,066,000,000	2,554,579	191790.7%
- Stocks	2,011,000,000	15.0%	1,748,324,930	9.6%	1,595,000,000	575,220	349505.4%
- Advanced payments	204,000,000	9.0%	219,065,721	-9.8%	243,000,000	0	0%
- Receivables	1,688,000,000	2.4%	1,648,501,398	12.6%	1,464,000,000	1,322,906	127497.9%
- Securities and cash	999,000,000	13.4%	880,766,340	15.3%	764,000,000	80,312	1243798.8%
- Prepaid expenses	-	-	-	-	-	495	-
Accounts of regularization	53,000,000	15.0%	46,066,961	12.4%	41,000,000	0	0%
Total Assets	5,721,000,000	9.4%	5,228,628,396	9.8%	4,760,000,000	3,671,761	155710.8%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	885,000,000	7.9%	819,871,050	2.4%	801,000,000	587,506	150536.8%
Share capital	582,000,000	0.1%	581,614,047	-0.1%	582,000,000	166,100	350291.3%
Other capital resources	157,000,000	21.7%	128,998,170	7.5%	120,000,000	0	0%
Risk Provisions	901,000,000	36.7%	658,966,672	16.2%	567,000,000	5,000	18019900%
Liabilities	3,726,000,000	4.4%	3,569,293,914	10.5%	3,231,000,000	1,938,768	192083.9%
- Financial liabilities	0	0%	144,587	0%	0	275,570	0%
- Advanced payments received	2,018,000,000	-6.4%	2,155,150,997	5.5%	2,042,000,000	0	0%
- Trade account payables	746,000,000	25.7%	593,322,640	28.4%	462,000,000	541,919	137558.9%
- Tax and social liabilities	300,000,000	-1.4%	304,343,097	16.6%	261,000,000	612,858	48851.0%
- Other debts and fixed assets liabilities	156,000,000	35.1%	115,453,214	-8.4%	126,000,000	41,841	372740.0%
Account regularization	558,000,000	23.3%	452,377,971	18.7%	381,000,000	0	0%
Total liabilities	5,721,000,000	9.4%	5,228,628,397	9.8%	4,760,000,000	3,703,230	154386.8%

Results

							Sector
Annual Accounts	31/12/2012			31/12/2011		31/12/2010	Median 2012
Sales of Goods	3,655,000,000	14.1%		3,202,255,808	19.6%	2,678,000,000	4,114,731	88727.2%
Net turnover	3,169,000,000	17.7%		2,693,491,909	3.3%	2,608,000,000	3,767,370	84017.0%
- of which net export turnover	2,565,000,000	15.0%		2,229,510,775	3.2%	2,161,000,000	2,401	106830387.3%
Operating charges	3,538,000,000	13.4%		3,120,123,226	17.0%	2,667,000,000	4,700,301	75171.8%
Operating profit/loss	117,000,000	42.5%		82,132,582	646.7%	11,000,000	39,077	299308.9%
Financial income	55,000,000	-17.7%		66,804,848	-10.9%	75,000,000	5,484	1002817.6%
Financial charges	22,000,000	-64.8%		62,437,362	316.2%	15,000,000	25,241	87059.8%
Financial profit/loss	33,000,000	655.6%		4,367,486	-92.7%	60,000,000	-5,170	638397.9%
Pretax net operating income	150,000,000	73.4%		86,500,068	21.8%	71,000,000	28,207	531682.9%
Extraordinary income	0	0%		12,638,437	0%	0	12,996	0%
Extraordinary charges	6,000,000	-71.2%		20,803,358	-37.0%	33,000,000	15,511	38582.2%
Extraordinary profit/loss	-6,000,000	26.5%		-8,164,921	75.3%	-33,000,000	0	0%
Net result	62,000,000	120.0%		28,176,151	302.5%	7,000,000	34,153	181436.0%
Display parameter
Currency			Euro

Normal Account	31/12/2012	31/12/2011	31/12/2010
Months	12	12	12

Accounts - Active

Grand Total - Passive Accounts (I to IV)

	31/12/2012		31/12/2011		31/12/2010
Grand Total (I to VI) Net	5,721,000,000	9.4%	5,228,628,396	9.8%	4,760,000,000
Gross CO	6,551,000,000	8.0%	6,066,068,989	8.6%	5,585,000,000
Amortisation 1A	830,000,000	-0.9%	837,440,593	1.5%	825,000,000
Non declared distributed capital (I)
	31/12/2012		31/12/2011		31/12/2010
Non declared distributed
AA3	0	0%	0	0%	0
capital (I)
Gross AA	0	0%	0	0%	0
Active fixed asset (II)
	31/12/2012		31/12/2011		31/12/2010
Total Active fixed asset (II) Net	766,000,000	11.7%	685,903,045	5.0%	653,000,000
Gross BJ	1,390,000,000	6.8%	1,302,042,548	1.2%	1,286,000,000
Amortisation BK	624,000,000	1.3%	616,139,503	-2.7%	633,000,000

Intangible fixed assets

		31/12/2012		31/12/2011		31/12/2010
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	20,000,000	23.1%	16,252,434	-9.7%	18,000,000
Gross	AF	106,000,000	11.8%	94,795,372	-34.6%	145,000,000
Amortisation	AG	86,000,000	9.5%	78,542,938	-38.2%	127,000,000
Goodwill	Net	0	0%	508,000	0%	0
Gross	AH	0	0%	508,000	0%	0
Amortisation	AI	0	0%	0	0%	0
Other intangible fixed assets	Net	18,000,000	29.0%	13,955,414	99.4%	7,000,000
Gross	AJ	18,000,000	29.0%	13,955,414	99.4%	7,000,000
Amortisation	AK	0	0%	0	0%	0
Pre-payments and downpayments	Net	0	0%	0	0%	0
Gross	AL	0	0%	0	0%	0
Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets Net		38,000,000	23.7%	30,715,848	22.9%	25,000,000

Tangible fixed assets

		31/12/2012		31/12/2011		31/12/2010
Lands	Net	20,000,000	52.9%	13,076,549	18.9%	11,000,000
Gross	AN	28,000,000	31.2%	21,344,435	18.6%	18,000,000
Amortisation	AO	8,000,000	-3.2%	8,267,886	18.1%	7,000,000
Buildings	Net	125,000,000	0.0%	125,047,201	2.5%	122,000,000
Gross	AP	336,000,000	-7.3%	362,651,457	4.5%	347,000,000
Amortisation	AQ	211,000,000	-11.2%	237,604,256	5.6%	225,000,000
Plant	Net	101,000,000	3.8%	97,300,968	4.6%	93,000,000
Gross	AR	351,000,000	7.6%	326,324,250	5.6%	309,000,000
Amortisation	AS	250,000,000	9.2%	229,023,282	6.0%	216,000,000
Other tangible fixed assets	Net	43,000,000	36.6%	31,475,462	-4.6%	33,000,000
Gross	AT	103,000,000	18.1%	87,207,931	-3.1%	90,000,000
Amortisation	AU	60,000,000	7.7%	55,732,469	-2.2%	57,000,000
Fixed assets in construction	Net	102,000,000	61.4%	63,198,330	0.3%	63,000,000
Gross	AV	102,000,000	61.4%	63,198,330	0.3%	63,000,000
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	3,257,102	0%	0
Gross	AX	0	0%	3,257,102	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	391,000,000		333,355,612		322,000,000

Financial assets

		31/12/2012		31/12/2011		31/12/2010
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	266,000,000	4.9%	253,622,247	3.9%	244,000,000
Gross	CU	266,000,000	4.6%	254,240,534	3.8%	245,000,000
Amortisation	CV	0	0%	618,287	-38.2%	1,000,000
Inter-company receivables	Net	0	0%	878,331	0%	0
Gross	BB	0	0%	878,331	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	71,000,000	5.9%	67,073,273	8.2%	62,000,000
Gross	BF	80,000,000	41.7%	73,423,658	0%	62,000,000
Amortisation	BG	9,000,000		6,350,385		0
Other financial assets	Net	0	0%	257,734	0%	0
Gross	BH	0	0%	257,734	0%	0
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		337,000,000		321,831,585		306,000,000

Current Assets (III)

		31/12/2012		31/12/2011		31/12/2010
Total Assets	Net	4,902,000,000	9.0%	4,496,658,389	10.6%	4,066,000,000
Gross	CJ	5,108,000,000	8.3%	4,717,959,480	10.8%	4,258,000,000
Amortisation	CK	206,000,000	-6.9%	221,301,091	15.3%	192,000,000

Stocks

		31/12/2012		31/12/2011		31/12/2010
Raw materials	Net	17,000,000	42.7%	11,909,893	8.3%	11,000,000
Gross	BL	21,000,000	26.3%	16,632,160	4.0%	16,000,000
Amortisation	BM	4,000,000	-15.3%	4,722,267	-5.6%	5,000,000
Work in progress (goods)	Net	1,250,000,000	15.0%	1,087,200,140	12.0%	971,000,000
Gross	BN	1,258,000,000	14.7%	1,096,552,449	12.5%	975,000,000
Amortisation	BO	8,000,000	-14.5%	9,352,309	133.8%	4,000,000
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	744,000,000	14.6%	649,214,897	5.9%	613,000,000
Gross	BR	908,000,000	11.9%	811,594,116	4.7%	775,000,000
Amortisation	BS	164,000,000	1.0%	162,379,219	0.2%	162,000,000
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	2,011,000,000	15.0%	1,748,324,930	9.6%	1,595,000,000

Advance payments to suppliers

		31/12/2012		31/12/2011		31/12/2010
Advance payments to	Net	204,000,000	-6.9%	219,065,721	-9.8%	243,000,000
suppliers
Gross	BV	204,000,000	-6.9%	219,065,721	-9.8%	243,000,000
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2012		31/12/2011		31/12/2010
Trade accounts receivable	Net	1,444,000,000	7.9%	1,338,783,699	12.9%	1,186,000,000
Gross	BX	1,467,000,000	6.2%	1,381,952,282	14.6%	1,206,000,000
Amortisation	BY	23,000,000	-46.7%	43,168,583	115.8%	20,000,000
Other debtors	Net	172,000,000	-25.8%	231,814,290	10.4%	210,000,000
Gross	BZ	179,000,000	-23.3%	233,493,003	10.7%	211,000,000
Amortisation	CA	7,000,000	317.0%	1,678,713	67.9%	1,000,000
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	1,616,000,000	2.9%	1,570,597,989	12.5%	1,396,000,000

Divers

		31/12/2012		31/12/2011		31/12/2010
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	999,000,000	13.4%	880,766,340	15.3%	764,000,000
Gross	CF	999,000,000	13.4%	880,766,340	15.3%	764,000,000
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	999,000,000	13.4%	880,766,340	15.3%	764,000,000

Prepaid expenses

		31/12/2012		31/12/2011		31/12/2010
Prepaid expenses	Net	72,000,000	-7.6%	77,903,409	14.6%	68,000,000
Gross	CH	72,000,000	-7.6%	77,903,409	14.6%	68,000,000
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2011		31/12/2010
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	53,000,000	15.0%	46,066,961	12.4%	41,000,000
Gross		53,000,000	15.0%	46,066,961	12.4%	41,000,000

References

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro

Accounts - Passive

Grand Total - Passive Accounts (I to IV)

	31/12/2012	31/12/2011	31/12/2010
Grand Total (I to V)	EE 5,721,000,000	9.4% 5,228,628,397	9.8% 4,760,000,000

Shareholder Equity (I)

		31/12/2012		31/12/2011		31/12/2010
Total shareholders' equity (Total I)	DL	885,000,000	7.9%	819,871,050	2.4%	801,000,000
Equity and shareholders' equity	DA	582,000,000	0.1%	581,614,047	-0.1%	582,000,000
Issue and merger premiums	DB	5,000,000	-4.4%	5,232,559	4.7%	5,000,000
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	58,000,000	-0.3%	58,161,405	0.3%	58,000,000
Statutory or contractual reserve	DE	101,000,000	0%	0	0%	0
Special regulated reserves	DF	0	0%	0	0%	0
Of which special reserve of
provisions for current	B1	0	0%	0	0%	0
fluctuation
Other reserves	DG	0	0%	101,232,305	0.2%	101,000,000
Of which reserve for buying
originals works from alive	EJ	0		0	0%	0
artists
Profits or losses brought forward	DH	31,000,000	1038.5%	2,722,922	-9.2%	3,000,000
Profit or loss for the period	DI	62,000,000	120.0%	28,176,151	302.5%	7,000,000
Investment grants	DJ	9,000,000	0.6%	8,941,933	-10.6%	10,000,000
Special tax-allowable reserves	DK	37,000,000	9.5%	33,789,728	-3.5%	35,000,000

Other capital resources (II)

		31/12/2012		31/12/2011		31/12/2010
Total other capital resources (Total II)	DO	157,000,000	21.7%	128,998,170	7.5%	120,000,000
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	157,000,000	21.7%	128,998,170	7.5%	120,000,000

Provisions for risks and charges (III)

		31/12/2012		31/12/2011		31/12/2010
Total provisions for risks and charges (Total III)	DR	901,000,000	36.7%	658,966,672	16.2%	567,000,000
Risk provisions	DP	0	0%	494,048,803	-12.9%	567,000,000
Reserves for charges	DQ	901,000,000	446.3%	164,917,869	0%	0

Liabilities (IV)

		31/12/2012		31/12/2011		31/12/2010
Total Liabilities (Total IV)	EC	3,726,000,000	4.4%	3,569,293,914	10.5%	3,231,000,000
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	0	0%	0	0%	0
Sundry loans and financial liabilities	DV	0	0%	144,587	0%	0
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	2,018,000,000	-6.4%	2,155,150,997	5.5%	2,042,000,000
Trade accounts payables	DX	746,000,000	25.7%	593,322,640	28.4%	462,000,000
Tax and social security liabilities	DY	300,000,000	-1.4%	304,343,097	16.6%	261,000,000
Fixed asset liabilities	DZ	0	0%	353,431	0%	0
Other debts	EA	104,000,000	63.5%	63,601,191	-25.2%	85,000,000

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	52,000,000	1.0%	51,498,592	25.6%	41,000,000

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	558,000,000	23.3%	452,377,971	18.7%	381,000,000

References

		31/12/2012		31/12/2011		31/12/2010
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

Result account

1 Operating result (I-II)

		31/12/2012		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	117,000,000	42.5%	82,132,582	646.7%	11,000,000

2 - Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	33,000,000	655.6%	4,367,486	-92.7%	60,000,000

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

			31/12/2012			31/12/2011			31/12/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW		150,000,000	73.4%		86,500,068 21.8%			71,000,000
4 - Extraordinary result (VII-VIII)
		31/12/2012					31/12/2011			31/12/2010
Extraordinary result (Total VII-VIII)		HI -6,000,000			26.5%		-8,164,921	75.3%		-33,000,000
Profit or loss
		31/12/2012					31/12/2011			31/12/2010
Profit or loss		HN 62,000,000			120.0%		28,176,151	302.5%		7,000,000
Total Income (I+III+V+VII)
		31/12/2012					31/12/2011			31/12/2010
Total Income (I+III+V+VII)		HL 3,710,000,000			13.1%		3,281,699,093	19.2%		2,753,000,000
Total charges (Total II+IV+VI+VIII+IX+X)
		31/12/2012					31/12/2011			31/12/2010
Total charges (Total II+IV+VI+VIII+IX+X)		HM 3,648,000,000			12.1%		3,253,522,944	18.5%		2,746,000,000
Operating income (I)
		31/12/2012					31/12/2011			31/12/2010
Total operating income (Total I)		FR 3,655,000,000			14.1%		3,202,255,808	19.6%		2,678,000,000

Operating income (details)

		31/12/2012		31/12/2011		31/12/2010
Sale of goods for resale	FC	0	0%	0	0%	0
France	FA	0	0%	0	0%	0
Export	FB	0	0%	0	0%	0
Sale of goods produced	FF	0	0%	2,176,504,292	0%	0
France	FD	0	0%	250,194,228	0%	0
Export	FE	0	0%	1,926,310,064	0%	0
Sale of services	FI	3,169,000,000	513.0%	516,987,617	-80.2%	2,608,000,000
France	FG	604,000,000	182.5%	213,786,906	-52.2%	447,000,000
Export	FH	2,565,000,000	746.0%	303,200,711	-86.0%	2,161,000,000
Net turnover	FL	3,169,000,000	17.7%	2,693,491,909	3.3%	2,608,000,000
France	FJ	604,000,000	30.2%	463,981,134	3.8%	447,000,000
Export	FK	2,565,000,000	15.0%	2,229,510,775	3.2%	2,161,000,000
Stocked production	FM	441,000,000	158.2%	170,795,598	0%	0
Self-constructed assets	FN	0	0%	21,571,234	0%	0
Operating grants	FO	4,000,000	-39.4%	6,604,123	120.1%	3,000,000
Release of reserves and provisions	FP	0	0%	306,712,186	0%	0
Other income	FQ	41,000,000	1230.8%	3,080,758	-95.4%	67,000,000
Operating charges (II)
		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	3,538,000,000	13.4%	3,120,123,226	17.0%	2,667,000,000
Exploitation charges
		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	2,380,000,000	8830.3%	26,650,830	0%	0
Change in stocks of raw materials	FV	0	0%	862,282	0%	0
Other external purchases and charges	FW	0	0%	1,916,630,616	6.8%	1,795,000,000
Tax, duty and similar payments	FX	60,000,000	12.3%	53,419,116	13.7%	47,000,000
Payroll	FY	809,000,000	59.9%	506,068,262	-27.3%	696,000,000
Social security costs	FZ	0	0%	227,407,458	0%	0

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	49,000,000	3.8%	47,208,218	2.6%	46,000,000
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	54,464,385	-27.4%	75,000,000
Provisions for risks and charges	GD	226,000,000	-17.2%	272,820,012	0%	0
Other charges
		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	14,000,000	-4.1%	14,592,047	82.4%	8,000,000

Operating charges (III-IV)

		31/12/2012		31/12/2011		31/12/2010
Share of joint-venture
transferred to other	GH	0	0%	0	0%	0
partner(s) (Total III)
Share of joint venture
transferred from other	GI	0	0%	0	0%	0
partner(s) (Total IV)
Financial income (V)
		31/12/2012		31/12/2011		31/12/2010
Total financial income (Total V)	GP	55,000,000	-17.7%	66,804,848	-10.9%	75,000,000
Share financial income	GJ	0	0%	110	0%	0
Other investment income & capitalised receivables	GK	0	0%	27,141,841	0%	0
Other interest and similar income	GL	47,000,000	293.7%	11,937,081	-81.9%	66,000,000
Released provisions and transferred charges	GM	0	0%	1,094,108	-63.5%	3,000,000
Exchange gains	GN	8,000,000	-70.0%	26,631,708	343.9%	6,000,000
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2012		31/12/2011		31/12/2010
Total financial charge (Total VI)	GU	22,000,000	-64.8%	62,437,362	316.2%	15,000,000
Financial reserves and provisions	GQ	3,000,000	-51.9%	6,240,167	0%	0
Interest and similar charges	GR	19,000,000	97.8%	9,603,258	-36.0%	15,000,000
Exchange losses	GS	0	0%	29,532,247	0%	0
Net loss from disposal of investment securities	GT	0	0%	17,061,690	0%	0
Extraordinary income (VII)
		31/12/2012		31/12/2011		31/12/2010
Total extraordinary income (Total VII)	HD	0	0%	12,638,437	0%	0
Extraordinary operating income	HA	0	0%	1,600,384	0%	0
Extraordinary income from capital transactions	HB	0	0%	703,589	0%	0
Released provisions and transferred charges	HC	0	0%	10,334,464	0%	0
Extraordinary charges (VIII)
		31/12/2012		31/12/2011		31/12/2010
Total extraordinary charges (Total VIII)	HH	6,000,000	-71.2%	20,803,358	-37.0%	33,000,000
Extraordinary operating charges	HE	6,000,000	169.2%	2,229,152	0%	0
Extraordinary charges from capital transactions	HF	0	0%	8,982,588	-71.9%	32,000,000
Extraordinary reserves and provisions	HG	0	0%	9,591,618	859.2%	1,000,000
Employee profit sharing (IX)
		31/12/2012		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	13,000,000	63.4%	7,956,676	-11.6%	9,000,000
Tax on profits (X)
		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	69,000,000	63.5%	42,202,322	91.8%	22,000,000

References

		31/12/2012		31/12/2011		31/12/2010
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro

Other incomes tax return forms

Fixed Assets

Grand Total Fixed Assets (I to IV)

		31/12/2012		31/12/2011		31/12/2010
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%	54,000,000
Decreasess by transfers	OK2	0	0%	0	0%	6,000,000
Gross value at the end of period	OL	0	0%	0	0%	954,000,000
Research and development Charge (Total I)
		31/12/2012		31/12/2011		31/12/2010
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)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	KD	0	0%	0	0%	144,000,000
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	9,000,000
Decreasess by budget item transfer	LV1	0	0%	0	0%	-1,000,000
Decreasess by transfers	LV2	0	0%	0	0%	2,000,000
Gross value at the end of period	LW	0	0%	0	0%	152,000,000
Tangible fixed assets (Total III)
		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LN	0	0%	0	0%	765,000,000
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	96,000,000
Decreasess by budget item transfer	NG1	0	0%	0	0%	30,000,000
Decreasess by transfers	NG2	0	0%	0	0%	4,000,000
Gross value at the end of period	NH	0	0%	0	0%	827,000,000
Financial assets (Total IV)
		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LQ	0	0%	0	0%	0
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	0
Decreasess by budget item transfer	NJ1	0	0%	0	0%	25,000,000
Decreasess by transfers	NJ2	0	0%	0	0%	0
Gross value at the end of period	NK	0	0%	0	0%	-25,000,000

Reserve for depreciation

Situation and movement of reserve for depreciation

Grand total (I-II-III)

	31/12/2012			31/12/2011		31/12/2010
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)
	31/12/2012			31/12/2011		31/12/2010
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)
	31/12/2012			31/12/2011		31/12/2010
Reserve for depreciation value at begin of period	PE	0	0%	0	0%	119,000,000
Increases	PF	0	0%	0	0%	8,000,000
Decreasess	PG	0	0%	0	0%	0
Decreasess by budget item transfer	PH	0	0%	0	0%	127,000,000
Total fixed assets amotisation (Total III)
	31/12/2012			31/12/2011		31/12/2010
Reserve for depreciation value at begin of period	QU	0	0%	0	0%	471,000,000
Increases	QV	0	0%	0	0%	38,000,000
Decreases	QW	0	0%	0	0%	4,000,000
Decreasess by budget item transfer	QX	0	0%	0	0%	505,000,000

Movements during period affecting charge allocated over several period

Charges a repartir ou frais d'emission d'emprunt

		31/12/2012		31/12/2011		31/12/2010
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
		31/12/2012		31/12/2011		31/12/2010
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)

			31/12/2012			31/12/2011		31/12/2010
	Value at begining of period	7C		0	0%	0	0%	444,000,000
	Increases	UB		0	0%	0	0%	235,000,000
	Decreases	UC		0	0%	0	0%	112,000,000
	Value at the end of period	UD		0	0%	0	0%	567,000,000
Includes Total allocations
	Operating	UE		0	0%	0	0%	0
	Financial	UG		0	0%	0	0%	0
	Exceptional	UJ		0	0%	0	0%	0
Includes Total Withdrawal
	Operating	UF		0	0%	0	0%	0
	Financial	UH		0	0%	0	0%	0
	Exceptional	UK		0	0%	0	0%	0
Total regulated provisions (Total I)
			31/12/2012			31/12/2011		31/12/2010
	Value at begining of period	3Z		0	0%	0	0%	0
	Increases	TS		0	0%	0	0%	0
	Decreases	TT		0	0%	0	0%	0
	Value at the end of period	TU		0	0%	0	0%	0

Total risk and charge provisions (Total II)

		31/12/2012		31/12/2011		31/12/2010
Value at begining of period	5Z	0	0%	0	0%	444,000,000
Increases	TV	0	0%	0	0%	235,000,000
Decreases	TW	0	0%	0	0%	112,000,000
Value at the end of period	TX	0	0%	0	0%	567,000,000
Total Provision for depreciation (Total III)
		31/12/2012		31/12/2011		31/12/2010
Value at begining of period	7B	0	0%	0	0%	0
Increases	TY	0	0%	0	0%	0
Decreases	TZ	0	0%	0	0%	0
Value at the end of period	UA	0	0%	0	0%	0

State deadlines claims and debts at the end of period

State claims

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	0	0%	0	0%	1,464,000,000
1 year at most	VU	0	0%	0	0%	1,347,000,000
More than one year	VV	0	0%	0	0%	117,000,000
State of loans
		31/12/2012		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to
shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	1,186,000,000
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	4,000,000
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	104,000,000
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public -Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	87,000,000
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	15,000,000
Prepaid
		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	0	0%	0	0%	68,000,000

State Debt

		31/12/2012		31/12/2011		31/12/2010
Total debt (gross)	VY	0	0%	0	0%	1,189,000,000
1 year at most	VZ2	0	0%	0	0%	1,189,000,000
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

31.12.2010

Suppliers and associated accounts (gross) 8B1 462,000,000

1 year at most 8B2 462,000,000

More than 1 year and 5 years at most 8B3 462,000,000

Personnel and associated accounts (gross) 8C1 97,000,000

1 year at most 8C2 97,000,000

Social Security and other

social organizations (gross) 8D1 65,000,000

1 year at most 8D2 65,000,000

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%	0	0%	99,000,000
1 year at most	VQ2	0	0%	0	0%	99,000,000
More than 1 year and 5 years at most	VQ3	0	0%	0	0%	0
Assets and liabilities
associated accounts	8J1	0	0%	0	0%	0
(gross)
1 year at most	8J2	0	0%	0	0%	0
More than 1 year and 5 years at most	8J3	0	0%	0	0%	0
More than 5 years	8J4	0	0%	0	0%	0
Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most	VI2	0	0%	0	0%	0
More than 1 year and 5 years at most	VI3	0	0%	0	0%	0
More 5 years	VI4	0	0%	0	0%	0
Other liabilities (gross)	8K1	0	0%	0	0%	85,000,000
1 year at most	8K2	0	0%	0	0%	85,000,000
More than 1 year and 5 years at most	8K3	0	0%	0	0%	0
Debt representative of
borrowed securities	SZ1	0	0%	0	0%	0
(gross)
1 year at most	SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most	SZ3	0	0%	0	0%	0
Products in advance (gross)	8L1	0	0%	0	0%	381,000,000
1 year at most	8L2	0	0%	0	0%	381,000,000
More than 1 year and 5 years at most	8L3	0	0%	0	0%	0
References
		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
Dividends	ZE	0	0%	0	0%	0
Commitments
		31/12/2012		31/12/2011		31/12/2010
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
		31/12/2012		31/12/2011		31/12/2010
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
		31/12/2012		31/12/2011		31/12/2010
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
AT
		31/12/2012		31/12/2011		31/12/2010
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
		31/12/2012		31/12/2011		31/12/2010
Average number of employees	YP	0	0%	0	0%	7,937

Groups and Shareholders

		31/12/2012	31/12/2011	31/12/2010
Groups and Shareholders	ZR	0	- 0	- -

Display parameter
Comparison mode	Median

Ratios

Structure and Liquidity

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Fixed Asset Financing	1.85	8.2%	1.71	3.6%	1.65	1.64	12.8%
Global Debt	423 days	-11.3%	477 days	7.0%	446 days	166 days	154.8%
Working
Capital Fund	134 days	8.9%	123 days	7.0%	115 days	92 days	45.7%
overall net
Financial independence	%	-	567043.41%	-	%	299%	-
Solvability	18.21%	0.3%	18.15%	-6.2%	19.35%	38.49%	-52.7%
Capacity debt futures	%	-	%	-	%	1093.77%	-
Coverage of
current
assets by net working	23.37%	17.6%	19.87%	-0.3%	19.93%	43.48%	-46.3%
capital
overall
General Liquidity		-		-	1.13	0.75	-
Restricted Liquidity		-		-	1.78	0.96	-

Management or rotation

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need
background
in operating	75 days	33.9%	56 days	5.7%	53 days	57 days	31.6%
working
capital
Treasury	113 days	-4.2%	118 days	12.4%	105 days	8 days	1312.5%
Inventory
turnover of	days	-	days	-	days	0 days	-
goods
Average
length of
credit	167 days	-9.7%	185 days	11.4%	166 days	74 days	125.7%
granted to
customers
Average
length of
credit	113 days	2.7%	110 days	18.3%	93 days	75 days	50.7%
obtained
suppliers
Inventory
turnover of
raw materials in	3 days	-98.7%	225 days	-	days	118.50 days	-97.5%
industrial
enterprises
Inventory
turnover of
intermediate
and finished products in	days	-	days	-	days	357.50 days	-
the
industrial
enterprise
Rotation
tangible	%	-	%	-	315.36%	376.06%	-
assets

Profitability of the business

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading	0%	0%	0%	0%	0	0%	0%
Profitability
of the	11.52	92.3%	5.99	113.9%	2.80	4.42%	160.6%
business
Net profit	1.96%	86.7%	1.05%	288.9%	0.27%	2.81%	-30.2%
Growth
rate of
turnover	17.65%	438.1%	3.28%	-7.1%	3.53%	13.58%	30.0%
(excluding
VAT)
Rates integration	38.81%	11.0%	34.96%	12.2%	31.17%	43.74%	-11.3%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	65.77%	-15.6%	77.89%	-9.0%	85.61%	77.36%	-15.0%
Weight interests	0.69	-70.3%	2.32%	300%	0.58%	0.60%	15.0%
Return on capital
	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow
from the overall	3.60%	-2.4%	3.69%	11.8%	3.30%	4.97%	-27.6%
profitability
Rates of
economic	35%	105.9%	17%	112.5%	8%	11%	218.2%
profitability
Financial profitability	1042000000%	9.8%	948869220%	3.0%	921000000%	860009%	121061.5%
Return on investment	8.06%	-15.6%	9.55%	299.6%	2.39%	8.84%	-8.8%

Display parameter
Currency	Euro
Comparison mode	Median

Soldes Intermediaires de Gestion

31/12/2012		31/12/2011		31/12/2010		Sector
						Median 2012
Turnover 3,169,000,000		17.7% 2,693,491,909		3.3% 2,608,000,000		3,767,370 €		84017.0%
Purchase	0	0%	0	0%	0
Sales of Goods	0	0%	0	0%	0
+/-
Stock of goods	0	0%	0	0%	0
variation
Trading margin	0€	0%	0€	0%	0€	0€	0%
	0.00 % CA	0%	0.00 % CA	0%	0.00 % CA	0 % CA	0%

31/12/2012	31/12/2011	31/12/2010	Sector
			Median 2012

Sale of

goods 3,169,000,000 17.7% 2,693,491,909 3.3% 2,608,000,000

produced

+/- Stocked

production 441,000,000 158.2% 170,795,598 0% 0

+ Selfconstructed

Assets 0 0% 21,571,234 0% 0

Period

Production 3,610,000,000 € 3,119,520 € 115622.9%

113.92 % CA 6.3% 107.14 % CA 7.1% 100.00 % CA 100.92 % CA 12.9%

Trading

margin 0 0% 0 0 0 0%

+ Period

Production 3,610,000,000 25.1% 2,885,858,741 10.7% 2,608,000,000 3,119,520 115622.9%

- Purchase

of raw

materials 2,380,000,000 8830.3% 26,650,830 0% 0

+/- Change

in stocks of

raw

materiels 0 0% 862,282 0% 0

- Other

external

purchases

and

charges 0 0% 1,916,630,616 6.8% 1,795,000,000

Added

Value 1,230,000,000€ 30.6% 941,715,013 € 15.8% 813,000,000 € 1,775,764 € 69166.0%

38.81 % CA 11.0% 34.96 % CA 12.2% 31.17 % CA 43.74 % CA -11.3%

Added value +		1,230,000,000				941,715,013				€ 813,000,000	1,775,764 €	69166.0%
Operating		4,000,000	-39.4%			6,604,123	120.1%			3,000,000
grants
- Tax,
duty and similar		60,000,000	12.3%			53,419,116	13.7%			47,000,000
payments
- Personal charges	809,000,000			10.3%	733,475,720			5.4%	696,000,000
Gross					161,424,300 €
operating	365,000,000 €			126.1%				121.1%	73,000,000 €		59,863 €		609625.5%
surplus
	11.52 %CA			92.3%	5.99 % CA			113.9%	2.80 % CA		4.42 % CA		160.6%
Gross operating surplus	365,000,000										59863		609625.5%
+ Release of reserves and provisions					161.424.3000				73.000.000€
+ Other operating income	41,000,000			1230.8%	3,080,758			-95.4%	67,000,000
Depreciation/Amortisation	275,000,000			-26.6%	374,492,615			209.5%	121,000,000
- Other charges	140,000,000			-4.1%	14,592,047			82.4%	8,000,000
Operating result	117,000,000										€ 39077		299308.9%
	3.69%			21.0%	3.05%CA			626.2%	0.42%CA		3.07%CA		20.2%

Operating result	117,000,000 €	42.5%	82,132,582 €	646.7% 11,000,000 €	39,077 € 299308.9%
+/- Result of jo nt- venture transferred from/to other partners	0	0%	0	0% 0
+ F nanc al ncome	55,000,000	-17.7%	66,804,848	-10.9% 75,000,000
- Financial charges	22,000,000	-64.8%	62,437,362	316.2% 15,000,000
Pre-tax result	150,000,000 €	73.4%	86,500,068 €	21.8% 71,000,000 €	28,207 € 531682.9%
	4.73 % CA	47.4%	3.21 % CA	18.0% 2.72 % CA	2.74 % CA 72.6%

Extraordinary income	0	0%	12,638,437	0% 0	12,996	0%
Extraordinary	6,000,000	-71.2%	20,803,358	-37.0% 33,000,000
charges
Extraordinary				€ -33,000,000	0€	0%
	-0.19% CA	36.7%	^0.30%CA	76.4% -1 % CA	-00.01 % CA	-1800%

Pre-tax result

€150,000,000 73.4% 86,500,068 € 21.8% 71,000,000 € 28,207 € 531682.9%

Extraordinary					€ -33,000,000	0€	0%
- Employee profit sharing	13,000,000	63.4%	7,956,67 6	-11.6%	9,000,000
- Tax on profits	69,000,000	63.5%	42,202,322	91.8%	22,000,000
Net result	62,000,000 €	120.0%	28,176,149 €	302.5%	7,000,000 €	34,153 €	181436.0%
	1.96 % CA	86.7%	1.05 % CA	288.9%	0.27 % CA	2.83 % CA	-30.7%

Judgements

Collective procedures

No judgment information for the company

Preferential rights details and history

Summary of preferential rights

Company monitored since	18/09/2007
Status of Monitoring	No social security and tax office preferential right to date

Tax office preferential rights

Number of active preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical Data
Registration	Registration Date of the
number	date	debt amount of the
201300243	30/05/2013 10/07/2013 REcette REgionale DES DOUANES 1,360,450 EUR
Reason for closure		Crossed Off
Court		Aix-en-Provence
Creditor		RECETTE REGIONALE DES DOUANES 48, AVENUE ROBERT SCHUMAN 13224 MARSEILLE CEDEX II EUROCOPTER
Debtor		AEROPORT INTERNATIONAL MARSEILLE PROVENCE 13725 MARIGNANE CEDEX, MARIGNANE CEDEX

Group data

Ultimate parent company	EADS PARTICIPATIONS BV
Direct parent	AIRBUS HELICOPTERS HOLDING	- 100 %
Group - Number of companies	265
Linkages - Number of companies	1150
Number of countries	74

Group Structure

Company Name	SIREN	Parts	Last account
			published
- EADS PARTICIPATIONS B.V. 1 AIRBUS GROUP N.V.	34135648 24288945	50.39%	31/12/2012 31/12/2013
AIRBUS SAS	383474814	94.42%	31/12/2010
AIRBUS SPARES LIMITED	-	99.95%	-
1 CIMPA	393341540	100%	31/12/2012
CIMPA GMBH	HRB 99372	100%	31/12/2012
CIMPA LIMITED	04904015	100%	31/12/2013
AIRBUS AERO	433215910	99.76%	31/12/2013
AIRBUS TRANSPORT INTERNATIONAL	408772234	100%	31/12/2013
AIRBUS OPERATIONS LIMITED	03468788	100%	31/12/2013
AIRBUS MAURITIUS LIMITED	-	Min blocking	-
AIFI LLC	-	100%	-
AIRBUS RE S.A.	B50641	Min	31/12/2013
AIRBUS INVEST	433174349	100%	31/12/2013
IFR SKEYES	342764701	100%	31/12/2013
AIRBUS MOBIL ITY SAS	420553141	100%	31/12/2013
QUOVADIS	511007312	100%	31/12/2013
STAR REAL ESTATE	433940392	100%	31/12/2013
AIRBUS CHINA LIMITED	-	100%	-
AIRBUS (BEIJING) ENGINEERING C...	-	70%	-
AIRBUS (TIANJIN) FINAL ASSEMBL...	-	51%	-
AIRBUS (TIANJIN) DELIVERY CENT...	-	100%	-
AIRBUS FINANCIAL SERVICE UNLIMIT...	-	100%	-

AIRBUS INDUSTRIE OF 62% - - -

NORTH AMERIC...

NORBUS INC - - 100% - - -

There are more than 25 companies in the group. To see the full list, please view the report online or select the HTML option.

Linkages

Ultimate parent company	EADS PARTICIPATIONS BV
Direct parent	AIRBUS HELICOPTERS HOLDING - 100 %
Group - Number of companies	265
Linkages - Number of companies	1150
Number of countries	74

Company Name	SIREN	Last account	Turnover
FINMECCANICA - SOCIETA' PER AZIONI	RM7031	31/12/2012	95 901 000 €
TERNINOX S.P.A.	TR63492	31/12/2013	169 453 600 €
THYSSENKRUPP AG	HRB 9092	30/09/2013	38 857 000 000 €
GROUPE INDUSTRIEL MARCEL DASSAULT	400628079	31/12/2012	36 193 748 €
SELEX ES LTD	02426132	31/12/2013	910 572 000 £
IVECO S.P.A.	TO1074767	31/12/2013	4 800 634 691 €
KRUPP HOESCH STAHL GMBH	HRB 18254	30/09/2012	-
RIAS	76190	30/09/2013	31 948 040 €
THYSSENKRUPP FRANCE	380261032	30/09/2013	674 663 €
OUTOKUMPU NIROSTA GMBH	HRB 12511	30/09/2012	2 412 828 000 €
THYSSENKRUPP MAVILOR	780061255	30/09/2013	0€
BAE SYSTEMS PLC	01470151	31/12/2013
THYSSENKRUPP UK PLC	02452909	30/09/2013	0£
SELEX ES INTERNATIONAL LTD	00964491	31/12/2013	13 000 £
KRUPP INDUSTRIETECHNIK	188690	30/09/2012	-
TELESPAZIO S.P.A.	RM8^H0^R4^B949	31/12/2012	337 208 000 €
AUTOMOTIVE CHASSIS PRODUCTS UK LIMITED	02265757	31/12/2013	180 000 £
THYSSENKRUPP MARINE SYSTEMS INDUSTRIEHOL...	HRB 89613	30/09/2009	-
AIRTANKER LIMITED	06279734	31/12/2013	344 392 000 £
EISEN- UND HUTTENWERKE AKTIENGESELLSCHAF...	HRB 15400	30/09/2013	350 000 €
AGUSTAWESTLAND HOLDINGS LIMITED	03960805	31/12/2013	18 910 000 £
AVIO S.P.A.	TO1057205	31/12/2012	206 314 000 €
GESTAMP TALLENT LIMITED	00452916	31/12/2013	419 354 000 £
BERCO S.P.A.	FE130546	30/09/2013	335 366 861 €
CASSIDIAN TEST & SERVICES LIMITED	04279438	31/12/2013	1 943212 £

Consolidated Accounts

Active Account | Passive Account | Account Results | Consolidation

Synthesized Accounts

Annual Accounts	31/12/2013
Account period (month)	12
Account Type	Consolidated
Activity Code	3030Z

Active account

Annual Accounts	31/12/2013
Capital not called	0
Total fixed assets	832,000,000
- Intangible assets	40,000,000
- Tangible assets	446,000,000
- Financial assets	346,000,000
Net current assets	4,905,000,000
- Stocks	2,125,000,000
- Advanced payments	185,000,000
- Receivables	1,870,000,000
- Securities and cash	725,000,000
Accounts of regularization	4,000,000
Total Assets	5,737,000,000
Passive Account
Annual Accounts	31/12/2013
Shareholders' equity	1,070,000,000
Share capital	582,000,000
Other capital resources	187,000,000
Risk Provisions	771,000,000
Liabilities	3,712,000,000
- Financial liabilities	0
- Advanced payments received	1,980,000,000
- Trade account payables	728,000,000
- Tax and social liabilities	0
- Other debts and fixed assets liabilities	382,000,000
Account regularization	623,000,000
Total liabilities	5,740,000,000
Results
Annual Accounts	31/12/2013
Sales of Goods	3,879,000,000
Net turnover	3,420,000,000

- of which net export turnover 0

Operating charges 3,679,000,000

Operating profit/loss 200,000,000

Financial income 26,000,000

Financial charges 0

Financial profit/loss 26,000,000

Pretax net operating income 226,000,000

Extraordinary income 0

Extraordinary charges 10,000,000

Extraordinary profit/loss -10,000,000

Consolidation 31.12.2013

Annual Accounts

Net result before amortisation of goodwill 175,000,000

Group result (consolidated net result) 175,000,000

Net result- Group Share (Part of Parent Company) 175,000,000

Display parameter Currency

| | Euro

| | Kilo Euro

Net result - group share (part of parent company)

Normal Account	31/12/2013
Months	12

Accounts - Active

Grand Total - Passive Accounts (I to IV)

		31/12/2013
Grand Total (I to VI)	Net	5,737,000,000
Gross	CO	6,615,000,000
Amortisation	1A	878,000,000

Capital subscribed not called (I)

31/12/2013

Active fixed asset (II)

		31/12/2013
Total Active fixed asset (II)	Net	832,000,000
Gross	BJ	1,482,000,000
Amortisation	BK	650,000,000

Intangible fixed assets

				31/12/2013
Start-up cost		Net		0
Gross		AB		0
Amortisation		AC		0
R&D expenses		Net		0
Gross		CX		0
Amortisation		AE		0
Distributorships, patents		Net		0
Gross		AF		0
Amortisation		AG		0
Goodwill		Net		0
Gross		AH		0
Amortisation		AI		0
Other intangible fixed assets		Net		40,000,000
Gross		AJ		129,000,000
Amortisation		AK		89,000,000
Pre-payments and downpayments		Net		0
Gross		AL		0
Amortisation		AM		0
tangible fixed assets
				31/12/2013
Acquisition difference		Net		0
Gross		A11		0
Amortisation		A12		0
Goodwill		Net		0
Gross		A21		0
Amortisation		A22		0
Difference from the first consolidation		Net		0
Gross		A31		0
Amortisation		A32		0
Lands		Net		0
Gross		AN		0
Amortisation		AO		0
Buildings	Net		0
Gross	AP		0
Amortisation	AQ		0
Plant	Net		0
Gross	AR		0
Amortisation	AS		0
Other tangible fixed assets	Net		446,000,000
Gross	AT		1,007,000,000
Amortisation	AU		561,000,000
Fixed assets in construction	Net		0
Gross	AV		0
Amortisation	AW		0
Advances and payments on account	Net		0
Gross	AX		0
Amortisation	AY		0
inancial assets
			31/12/2013
Associates at equity	Net		0
Gross	CS		0
Amortisation	CT		0
Other participations	Net		0
Gross	CU		0
Amortisation	CV		0
Inter-company receivables	Net		0
Gross	BB		0
Amortisation	BC		0
Other investment securities	Net		0
Gross	BD		0
Amortisation	BE		0
Loans	Net		0
Gross	BF		0
Amortisation	BG		0
Other financial assets	Net		346,000,000
Gross	BH		346,000,000
Amortisation	BI		0
Other financial assets	Net		0
Gross	A41		0
Amortisation	A42		0

Current Assets (III)

					31/12/2013
	Total Assets		Net		4,905,000,000
	Gross		CJ		5,133,000,000
	Amortisation		CK		228,000,000
Stocks
					31/12/2013
	Raw materials		Net		0
	Gross		BL		0
	Amortisation		BM		0
	Work in progress (goods)		Net		0
	Gross		BN		0
	Amortisation		BO		0
	Work in progress (services)		Net		0
	Gross		BP		0
	Amortisation		BQ		0
	Semi-finished and finished products		Net		0
	Gross		BR		0
	Amortisation		BS		0
	Goods for resale		Net		2,125,000,000
	Gross		BT		2,327,000,000
	Amortisation		BU		202,000,000
Advance payments to suppliers
					31/12/2013
	Advance payments to suppliers		Net		185,000,000
	Gross		BV		185,000,000
	Amortisation		BW		0
Debtors
					31/12/2013
	Trade accounts receivable		Net		1,570,000,000
	Gross		BX		1,590,000,000
	Amortisation		BY		20,000,000
	Other debtors		Net		254,000,000
	Gross		BZ		260,000,000
	Amortisation		CA		6,000,000
	Capital subscribed and called up		Net		0
	Gross		CB		0
Amortisation		CC		^0
Divers
				31/12/2013
Investment securities		Net		0
Gross		CD		0
Amortisation		CE		0
Cash and cash equivalents		Net		725,000,000
Gross		CF		725,000,000
Amortisation		CG		0
Prepaid expenses
				31/12/2013
Prepaid expenses		Net		46,000,000
Gross		CH		46,000,000
Amortisation		CI		0
Equalization accounts (IV to VI)
				31/12/2013
Multi-period charges		CW3		0
Premiums on redemption of bonds		CM3		0
Currency differential gain		CN3		4,000,000
References
				31/12/2013
Due within one year		CP		0
Due after one year		CR		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
Grand Total (I to IV)	EE 5,740,000,000

Shareholder Equity (I) 31/12/2013

Total shareholders' equity (Total I)	DL	1,070,000,000
Equity and shareholders' equity	DA	582,000,000
Issue and merger premiums	DB	5,000,000
Revaluation differentials	DC	0
Of which equity differential	EK	0
Legal reserve	DD	58,000,000
Statutory or contractual reserve	DE	0
Special regulated reserves	DF	0
Other reserves	DG	101,000,000
Profits or losses brought forward	DH	93,000,000
Conversion differences	P1	0
Net result - group part	P2	175,000,000
Investment grants	DJ	9,000,000
Special tax-allowable reserves	DK	47,000,000

Other capital resources (II)

		31/12/2013
Total other capital resources (Total II)	DO	187,000,000
Income from participating securities	DM	0
Conditional loans	DN	0
Others	P3	187,000,000

Provisions for risks and charges (III)

		31/12/2013
Total provisions for risks and charges (Total III)	DR	771,000,000
Conversion differences	P4	0
In reserves	P5	0
In results	P6	0
Total III	P7	0
Delayed tax	P8	0
Acquisition differences	P9	0
Risk provisions	DP	771,000,000
Reserves for charges	DQ	0

Liabilities (IV) 3,712,000,000

Total Liabilities (Total IV)

Advance payments received

for current orders 1,980,000,000

Trade accounts payables 728,000,000

Other debts 381,000,000

Translation loss (V) 31/12/2013

Translation loss (Total V) ED 1,000,000

Equalization accounts

	31/12/2013
Deferred income	EB 623,000,000

Display parameter Currency

Euro

Kilo Euro

Result account

Operating income | Operating charges | Financial income | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result (I-II)

31/12/2013

Operating result (Total I-II) GG 200,000,000

2 - Financial result (V - VI)

31/12/2013

Financial result (Total V-VI) GV 26,000,000

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

					31/12/2013
Pre-tax net operating
income (Total I-II+II-IV+V-			GW		226,000,000
VI)
4 - Extraordinary result (VII-VIII)
					31/12/2013
Extraordinary result (Total VII-VIII)			HI		-10,000,000
Consolidation
					31/12/2013
Delayed tax			R1		0
Net result before
amortisation of acquisition			R2		175,000,000
differences
Endowment to amortisation of acquisition differences			R3		0
Net result of companies set in equivalence			R4		0
Net result of integrated			R5		0
companies
Group result (consolidated net result)			R6		175,000,000
Cross-reference : equipment leasing			R7		0
Cross-reference : property leasing			R8		175,000,000
Operating income (I)
					31/12/2013
Total operating income (Total I)			FR		3,879,000,000
Operating income (details)
					31/12/2013
Sale of goods for resale			FC		0
France			FA		0
Export			FB		0
Sale of goods produced			FF		0
France			FD		0
	Export	FE		0
	Sale of services	FI		3,420,000,000
	France	FG		3,420,000,000
	Export	FH		0
	Net turnover	FL		3,420,000,000
	France	FJ		3,420,000,000
	Export	FK		0
	Stocked production	FM		294,000,000
	Self-constructed assets	FN		0
	Operating grants	FO		3,000,000
	Release of reserves and provisions	FP		111,000,000
	Other income	FQ		51,000,000
Operating charges (II)
				31/12/2013
	Total operating charges (Total II)	GF		3,679,000,000
Exploitation charges
				31/12/2013
	Purchase of goods for resale	FS		0
	Change in stocks of goods for resale	FT		0
	Purchase of raw materials	FU		2,632,000,000
	Change in stocks of raw materials	FV		0
	Other external purchases and charges	FW		0
	Tax, duty and similar payments	FX		65,000,000
	Payroll	FY		0
	Social security costs	FZ		898,000,000
Depreciation
				31/12/2013
	Depreciation of fixed assets	GA		54,000,000
	Amortisation of fixed assets	GB		0
	Depreciation/amortisation of current assets	GC		0
	Provisions for risks and charges	GD		0

Other charges

31/12/2013

Other charges GE 30,000,000

Operating charges (III-IV)

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

Financial income (V)

		31/12/2013
Total financial income (Total V)	GP	26,000,000
Share financial income	GJ	0
Other investment income & capitalised receivables	GK	0
Other interest and similar income	GL	26,000,000
Released provisions and transferred charges	GM	0
Exchange gains	GN	0
Net income from disposal of investment securities	GO	0

Financial Charge (VI)

		31/12/2013
Total financial charge (Total VI)	GU	0
Financial reserves and provisions	GQ	0
Interest and similar charges	GR	0
Exchange losses	GS	0
Net loss from disposal of investment securities	GT	0

Extraordinary income (VII)

31/12/2013

Total extraordinary

HD 0

income (Total VII)

Extraordinary operating

HA 0

income

Extraordinary income from

capital transactions

Released provsions and

HC 0

transferred charges

Extraordinary charges (VIII)

		31/12/2013
Total extraordinary ^ charges (Total VIII)	HH	10,000,000
Extraordinary operating charges	HE	10,000,000
Extraordinary charges from capital transactions	HF	0
Extraordinary reserves and provisions	HG	0

Employee profit sharing (IX)

31/12/2013

Employee profit sharing HJ -4,000,000

(Total IX)

Tax on profits (X)

	31/12/2013
Tax on profits (Total X)	HK -37,000,000

References

	31/12/2013
Of which equipment leases	HP 0
Of which property leases	HQ 0

Ratios

Structure and Liquidity

	31/12/2013
Fixed Asset Financing	1.81
Global Debt	390.74 days
Working Capital Fund overall net	125.89 days
Financial independence	0%
More ratios
Solvability	21.90%

Management or rotation

	31/12/2013
Need background in operating working capital	110 days
Treasury	76.32 days
Inventory turnover of goods	0 days
More ratios
Inventory turnover of raw
materials in industrial	0 days
enterprises
Inventory turnover of
intermediate and finished products in the industrial	0 days
enterprise
Profitability of the business
	31/12/2013
Margin trading	0%
Profitability of the business	3.57
More ratios
Rates integration	31.64%
Rate leasing furniture	0%
Weight interests	0
Return on capital
	31/12/2013
Rates of economic profitability	9.71%

Event History

Status history

No Status History

Recent publications in Gazettes

Publication date Gazette Name Description

12/08/2014 Bodacc C Comptes annuels et rapports

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE

2146 - 352383715 RCS. AIRBUS HELICOPTERS. Forme : Societe par actions simplifiee. Adresse : Aeroport International Marseille Provence 13725 Marignane Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

24/01/2014 Bodacc B Modification et mutation diverse

13 - BOUCHES-DU-RHONE

GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE

256 - 352 383 715 RCS Aix-en-Provence. AIRBUS HELICOPTERS. Forme : Societe par actions simplifiee. Activite : . Commentaires : Modification survenue sur la denomination.

27/08/2013 Bodacc C Comptes annuels et rapports

13 - BOUCHES-DU-RHONE

GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE

1031 - 352383715 RCS. EUROCOPTER. Forme : Societe par actions simplifiee. Adresse : Aeroport International Marseille Provence 13725 Marignane Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.

21/05/2013 Bodacc B Modification et mutation diverse

13 - BOUCHES-DU-RHONE

GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE

98 - 352 383 715 RCS Aix-en-Provence. EUROCOPTER. Forme : Societe par actions simplifiee. Administration : President : FAURY Guillaume Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT Commissaire aux comptes suppleant : AUDITEX. Activite : .

Commentaires : Modification survenue sur l'administration.

Resignation / Revocation of the social representative

03.05.2013 JAL 5 Resignation / Revocation of the social

representative

Nouvelles Publications (Les)

Date de decision : 01 /05/2013

La societe 352383715 - EUROCOPTER, L'AEROPORT, AEROP INTERNATIONAL MARSEILLE PROVENCE, 13700

MARIGNANE

Fait I'objet du depart de Monsieur Lutz BERTLING

03/05/2013 JAL Appointment of the social representative

Nouvelles Publications (Les)

Date de decision : 01/05/2013

Societe faisant lobjet dune nomination : 352383715 - EUROCOPTER, L'AEROPORT, AEROP INTERNATIONAL

MARSEILLE PROVENCE, 13700 MARIGNANE

Nomine : Monsieur Guillaume FAURY, 13725 MARIGNANE CEDEX

En la fonction de : President

19/07/2012 Bodacc C Comptes annuels et rapports

13 - BOUCHES-DU-RHONE

GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE

1332 - 352383715 RCS. EUROCOPTER. Forme : Societe par actions simplifiee. Adresse : Aeroport International Marseille Provence 13725 Marignane Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le :

31/12/2011.

10/09/2010 Bodacc C Comptes annuels et rapports

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE

1605 - 352383715 RCS. EUROCOPTER. Forme : Societe par actions simplifiee. Adresse : Aeroport International Marseille Provence 13725 Marignane Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le :

31/12/2009.

19/08/2009 Bodacc C Comptes annuels et rapports

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE

852 - 352383715 RCS. EUROCOPTER. Forme : Societe par actions simplifiee. Adresse : Aeroport International Marseille Provence 13725 Marignane Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le :

31/12/2008.

16/10/2008 Bodacc C Comptes annuels et rapports

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE

904 - 352383715 RCS. EUROCOPTER. Forme : Societe par actions simplifiee. Adresse : Aeroport International Marseille Provence, 13725 Marignane Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le :

31/12/2007.

08/08/2007 Bodacc C Avs de depot des comptes

88 - 352 383 715. RCS Aix-en-Provence EUROCOPTER. Forme: Societe par actions simplifiee. Adresse du siege social: Aeroport International Marseille Provence, 13725 Marignane Cedex. Comptes annuels et rapports de l'exercice clos le: 31 decembre 2006.

19/07/2007 Bodacc B Modifications et mutations diverses

174 - RCS Aix-en-Provence B 352 383 715. RC 91-B 1218. EUROCOPTER. Forme : S.A.S. Adresse du siege social : aeroport international Marseille-Provence,, 13725 Commentaires : modification survenue sur l'administration. Administration : president : BERTLING (Lutz) (Nom d'usage : BERTLING). Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT. Commissaire aux comptes suppleant : AUDITEX. Date d'effet : 9 avril 2007.

10/12/2006 Bodacc B Modifications et mutations diverses

0183 - RCS Aix-en-Provence B 352 383 715. RC 91-B 1218. EUROCOPTER. Forme : S.A.S. Adresse du siege social : aeroport international Marseille-Provence,, 13725 Commentaires : modification survenue sur l'administration. Administration : president : BERTLING (Lutz) (Nom d'usage : BERTLING). Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT. Commissaire aux comptes suppleant : CABINET ROBERT MAZARS. Date d'effet : 31 octobre

2006.

04/08/2006 Bodacc C Avs de depot des comptes

1084 - RCS Aix-en-Provence B 352 383 715. RC 91-B 1218. EUROCOPTER. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siege social: Aeroport International Marseille Provence,13725 Marignane-Cedex. Comptes annuels et rapports de l'exercice clos le: 31 decembre 2005.

30/07/2005 Bodacc C Avis de depot des comptes

484 - RCS Aix-en-Provence B 352 383 715. RC 91-B 1218. EUROCOPTER. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siege social: Aeroport International Marseille Provence,13725 Marignane. Comptes annuels et rapports de l'exercice clos le: 31 decembre 2004.

10/02/2004 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER. Forme : S.A.S.U. Capital : 581 614 047 euros. Adresse du siege social : aeroport international Marseille-Provence, 13725 Marignane Cedex. Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 15 decembre 2003.

25/05/2003 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER. Forme : S.A.S.U. Capital : 551 962 907 euros.

Adresse du siege social : aeroport international Marseille-Provence, 13725 Marignane Cedex. Commentaires : modification survenue sur l'administration. Administration : president : BREGIER ( Fabrice) ( Nom d'usage : BREGIER). Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT. Commissaire aux comptes suppleant : CABINET ROBERT MAZARS. Date d'effet : 2 avril 2003.

17/01/2002 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER. Forme : S.A.S.U. Capital : 551 962 907 euros. Adresse du siege social : aeroport international Marseille-Provence, 13725 Marignane Cedex. Commentaires : modification survenue sur le capital (augmentation et conversion en euros). Date d'effet : 29 octobre 2001.

22/11/2000 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER. Forme : S.A.S. unipersonnelle. Capital : 3 607 600 700 F. Adresse du siege social : Aeroport International Marseille-Provence, 13725 Marignane Cedex. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : president : BIGAY (Jean- Francois) ( Nom d'usage : BIGAY). Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppleant : CABINET ROBERT MAZARS. Date d'effet : 18 septembre 2000.

11/10/2000 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER. Forme : S.A. a directoire. Capital : 3 607 600 700 F. Adresse du siege social : Aeroport International Marseille Provence, 13725 Marignane Cedex. Commentaires : modification survenue sur l' administration. Administration : president du directoire : BIGAY (Jean- Francois) ( Nom d'usage : BIGAY). President du conseil de surveillance : Dr RUSSELL (Dietrich) ( Nom d'usage : RUSSELL). Vice-president du conseil de surveillance : VERRET (Jean, Philippe, Denis, Noel) ( Nom d'usage : VERRET). Membres du conseil de surveillance : EUROCOPTER HOLDING S.A., representee par DE RAFFIN DOURNY (Albert, Jean, Marc) ( Nom d'usage : DE RAFFIN DOURNY) CHABOD (Rene, Michel) ( Nom d'usage : CHABOD) MARTRE (Jean, Francois, Henri) ( Nom d'usage : MARTRE) SCHMIDT ( Karl-Heinz) ( Nom d'usage : SCHMIDT) SAPPA (Andre) ( Nom d'usage : SAPPA) MARTINEZ (Manuel) ( Nom d'usage : MARTINEZ) RING (Hans, Peter) ( Nom d' usage : RING) ARENDT (Axel) ( Nom d' usage : ARENDT). Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppleant : CABINET ROBERT MAZARS. Date d'effet : 17 juillet 2000.

22/03/2000 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER. Forme : S.A. a directoire. Adresse du siege social : Aeroport International Marseille- Provence, 13725 Marignane Cedex. Commentaires : modification survenue sur l'administration. Administration : president du directoire : GAVIN ( Patrick) ( Nom d'usage : GAVIN). President du conseil de surveillance : BIGAY (Jean-Francois) ( Nom d'usage : BIGAY). Vice-president du conseil de surveillance : KNITTER (Hartwig) ( Nom d'usage : KNITTER). Directeur general : SOBOTTA (Siegfried, Anton, Hubert) ( Nom d'usage : SOBOTTA). Membres du conseil de surveillance : AEROSPATIALE MATRA, representee par MIR (Jean, Marie, Louis) ( Nom d'usage : MIR) EUROCOPTER HOLDING S.A., representee par AUQUE (Francois, Maxime, Myves) ( Nom d'usage : AUQUE) VERRET (Jean, Philippe, Denis, Noel) ( Nom d'usage : VERRET) CHABOD (Rene, Michel) ( Nom d' usage : CHABOD) MARTRE (Jean, Francois, Henri) ( Nom d'usage : MARTRE) SPERL (Andreas) ( Nom d'usage Docteur SPERL) SCHMIDT (Karl-Heinz) ( Nom d'usage : SCHMIDT) RAUEN ( Aloysius, Josef) ( Nom d'usage : RAUEN) SAPPA (Andre) ( Nom d'usage : SAPPA) MARTINEZ (Manuel) ( Nom d'usage : MARTINEZ). Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppleant : CABINET ROBERT MAZARS. Date d'effet : 9 novembre 1999.

08/02/2000 Bodacc A Creation d'etablissement

421 646 365. RCS Aix-en-Provence. A dater du: 5 fevrier 1999 RC 99-B 161 SOCIETE DE FORMATION HELICOPTERES. Forme : Societe par actions simplifiee. Capital : 8 417 000 F (fixe). Adresse du siege social : Aeroport-International- Marseille-Provence, 13725 Marignane cedex Fonds principal acquis par apport, au montant net evalue a 25 000 000 de F. Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 15 novembre 1999 Precedente proprietaire-exploitante EUROCOPTER 352 383 715. RCS Aix-en-Provence. RC 91-B 1218 Publication legale: Les Nouvelles Publications economiques et juridiques du 5 janv'er 2000 declaration de creances: au greffe du tribunal de commerce d'Aix-en-Provence.

03/11/1999 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER. Forme : S.A. a directoire. Adresse du siege social : aeroport international Marseille- Provence, 13725 Marignane Cedex. Commentaires : modification survenue sur l'administration. Administration : president du directoire : GAVIN ( Patrick) ( Nom d'usage : GAVIN). President du conseil de surveillance : BIGAY (Jean-Francois) ( Nom d'usage : BIGAY). Vice-president du conseil de surveillance : KNITTER (Hartwig) ( Nom d'usage : KNITTER). Directeur general : SOBOTTA (Siegfried, Anton, Hubert) ( Nom

d'usage : SOBOTTA). Membres du conseil de surveillance : AEROSPATIALE MATRA, representee par MIR (Jean, Marie, Louis) ( Nom d'usage : MIR) EUROCOPTER HOLDING S.A., representee par AUQUE (Francois, Maxime, Yves) ( Nom d'usage : AUQUE) VERRET (Jean, Philippe, Denis, Noel) ( Nom d'usage : VERRET) CHABOD (Rene, Michel) ( Nom d' usage : CHABOD) MARTRE (Jean, Francois, Henri) ( Nom d'usage : MARTRE) SPERL (Andreas) ( Nom d'usage Docteur SPERL) SCHMIDT (Karl-Heinz) ( Nom d'usage : SCHMIDT) RAUEN ( Aloysius, Josef) ( Nom d'usage : RAUEN) . Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppleant : CABINET ROBERT MAZARS. Date d'effet : 24 juin 1999.

30/09/1998 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352 383 715 RC 91- B 1218 EUROCOPTER. Forme : S.A. a directoire. Capital : 3 607 600 700 F ( fixe). Adresse du siege social : Aeroport- International-Marseille-Provence, 13725 Marignane cedex. Administration : ancien president et membre du directoire : BIGAY (Jean-Francois), nouveau president et membre du conseil de surveillance nouveau president et membre du directoire : GAVIN (Patrick) ancien president et membre du conseil de surveillance : FACHE (Jean-Louis) ancien v^e-president et membre du conseil de surveillance : RUSSEL ( Dietrich) nouveau v^e-president et membre du conseil de surveillance : KNITTER (Hartwig) nouveau membre du conseil de surveillance : SCHMIDT (Karl- Heinz). Date d'effet : 8 juillet 1998.

01/09/1998 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352 383 715 RC 91- B 1218 EUROCOPTER. Forme : S.A. a directoire. Capital : 3 607 600 700 F. Adresse du siege social : aeroport international Marseille-Provence 13725 Marignane Cedex. Administration : ancien membre du conseil de surveillance : DEUTER (Karl). Date d'effet : 9 mars 1998.

17/05/1998 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352 383 715 RC 91- B 1218 EUROCOPTER. Forme : S.A. a directoire. Capital : 3 607 600 700 F. Adresse du siege social : aeroport international Marseille-Provence 13725 Marignane Cedex. Administration : ancien commissaire aux comptes titulaire : K.P. M.G. AUDIT. Ancien commissaire aux comptes suppleant : RIVIERE (Gerard). Date d'effet : 20 octobre 1997.

21/10/1997 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352 383 715 RC 91- B 1218 EUROCOPTER FRANCE. Forme : S.A. Capital : 3 700 000 000 de F. Adresse du siege social : aeroport international Marseille-Provence 13725 Marignane Cedex. Administration : ancien administrateur : BLUME (Hans). Nouvel administrateur : RUSSEL (Dietrich). Date d'effet : 31 octobre 1996.

06/08/1997 Bodacc B Modifications et mutations diverses

Ancienne situation du siege social. RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER FRANCE. Forme : S.A. Capital : 3 700 000 000 F (fixe). Adresse : aeroport international Marseille Provence, 13725 Marignane Cedex Nouvelle situation du siege social denomination: EUROCOPTER. Forme : S.A. a directoire. Capital : 3 607 600 700 F. Administration : president du directoire BIGAY (Jean-Francois), ancien president du conseil d'administration. Administrateurs partants : EUROCOPTER S. A., representee par AUQUE (Francois) HARACHE (Philippe) SURTIN (Philippe) FILIPPI (Corinne) DARBOUX (Jean-Louis) GIRAUDY (Jean-Louis) et DU BUISSON DE COURSON (Yolaine). Directeur general partant : CHAUVALLON (Gerard). Directeur general et copresident du directoire : SOBOTTA (Siegfried), ancien directeur general. Vice- president du conseil de surveillance : RUSSEL (Dietrich), ancien administrateur. Membre du conseil de surveillance : SAPPA (Andre), ancien administrateur. Nouveau president du conseil de surveillance : FACHE (Jean- Louis). Nouveaux membres du conseil de surveillance : AEROSPATIALE S.N.I., representee par MIR (Jean-Marie) EUROCOPTEUR HOLDING S.A., representee par AUQUE (Francois) VERRET (Jean- Philippe) CHABOD (Rene) MARTRE ( Jean-Francois) DEUTER (Karl) PILLER (Wolfgang) SPERL (Andreas) GARCIN ( Maurice) MARTINEZ (Manuel) GIRAUD ( Jean-Marie) et SABDES (Andre). Nouveau commissaire aux comptes titulaire : K.P. M.G. AUDIT. Nouveau commissaire aux comptes suppleant : RIVIERE (Gerard). Date d'effet : 30 mai

1997.

22/07/1997 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352 383 715 RC 91- B 1218 EUROCOPTER FRANCE. Forme : S.A. Capital : 3 700 000 000 de F. Adresse du siege social : aeroport international Marseille Provence 13725 Marignane Cedex. Administration : ancien directeur general : CHAUVALLON (Gerard), qui reste vice-president du conseil d' administration. Date

d'effet : 31 mars 1997.

23/06/1995 Bodacc B Modifications et mutations diverses

RCS. RCS Aix-en-Provence B 352 383 715 RC RC 91-B 1218 EUROCOPTER FRANCE. Forme : S.A. Capital : 3 700 000 000 F (fixe). Adresse du siege social : aeroport international Marseille-Provence 13725 Marignane cedex. Administration : administrateur partant : DEBRUN ( Philippe). Nouvel administrateur : DU BUISSON DE COURSON.

Date d'effet : 7 decembre 1994.

08/04/1995

Bodacc B

Modifications et mutations diverses

RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER FRANCE. Forme : S.A. Capital : 3 700 000 000 F (fixe). Adresse du siege social : aeroport international Marseille Provence, 13725 Marignane Cedex. Administration : ancien administrateur et ancien directeur general : BERNARDET (Jean-Paul), nouveau vice-precident du conseil d' administration et egalement directeur general : CHAUVALLON (Gerard). Date d'effet : 1 e r juillet 1994.

08/04/1995 Bodacc B Modifications et mutations diverses

RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER FRANCE. Forme : S.A. Capital : 3 700 000 000 F (fixe). Adresse du siege social : aeroport international Marseille Provence, 13725 Marignane Cedex. Administration : ancien administrateur : BITTNER (Gustav), nouvel administrateur : BLUME (Hans). Date d'effet : 28 fevrier 1994.

08/04/1995

Bodacc B

Modifications et mutations diverses

RCS Aix-en-Provence B 352383715 RC 91-B 1218 EUROCOPTER FRANCE. Forme : S.A. Capital : 3 700 000 000 de F (fixe). Adresse du siege social : aeroport international Marseille Provence, 13725 Marignane Cedex. Administration : ancien administrateur : EISSAUTIER (Guy), nouvel administrateur : HARACHE ( Philippe). Date d'effet : 8 avril 1994.

Company events history

Date Description

Date Description

06/10/2014 Payment incident closed

12/08/2014 Bodacc C : Deposit accounts notice

24/01/2014 Bodacc B: Various editing or changing

06/01/2014 Amendment

06/01/2014 Updated articles of association

06/01/2014 New company name

31/12/2013 New consolidated accounts available

09/12/2013 Update of Company Name

09/12/2013 Modification to Company Identifier

30/08/2013 Consideration of a Balance sheet that has led to a reassessment of this company's

creditworthiness

27/08/2013 Bodacc C : Deposit accounts notice

30/05/2013 New Filling of Tax Office preferential right

30/05/2013 Unfiling of a Tax Office preferential right

21/05/2013 Bodacc B: Various editing or changing

03/05/2013 Legal Gazette: Resignation / Revocation of the social representative

02/05/2013 New chairman (CEO, CoB)

02/05/2013 Amendment

01/05/2013 Legal Gazette: Appointment of the social representative

31/12/2012 New accounts available

19/07/2012 Bodacc C : Deposit accounts notice

06/07/2012 Consideration of a balance sheet that has led to a reassessment of this company's

creditworthiness

04/05/2012 Payment incident closed

13/04/2012 Consideration of a balance sheet that has led to a reassessment of this company's

creditworthiness

31/12/2011 New accounts available

07/10/2011 Update of participations in other companies

07/10/2011 Disengagement in other companies

07/10/2011 New subsidiarie(s) detected

07/10/2011 Payment incident detected

21/07/2011 Consideration of a balance sheet that has led to a reassessment of this company's

creditworthiness

01/04/2011 New participations in other companies

31/12/2010 New accounts available

29/11/2010 Payment incident closed

10/09/2010 Bodacc C : Deposit accounts notice

30/07/2010 Modification to Establishment Address or Identifier

21/07/2010 Payment incident detected

21/05/2010 Update of participations in other companies

21/05/2010 New subsidiarie(s) detected

03/05/2010 New subsidiarie(s) detected

31/12/2009 New accounts available

07/12/2009 Payment incident closed

02/11/2009 Payment incident closed

02/10/2009 Payment incident detected

19/08/2009 Bodacc C : Deposit accounts notice

10/08/2009 Payment incident detected

10/02/2009 Payment incident closed

03/02/2009 Payment incident closed

31/12/2008 New accounts available

26/11/2008 Payment incident detected

20/10/2008 Payment incident detected

16/10/2008 Bodacc C : Deposit accounts notice

07/10/2008 Payment incident detected

31/12/2007 New accounts available

18/09/2007 Collection of preferential rights activated for this company

04/06/2007 Updated articles of association

04/06/2007 Minutes of general meeting of shareholders

04/06/2007 PV d'Assemblée

04/06/2007 Appointment/resignation of company officers

04/06/2007 Private document

04/06/2007 Statuts mis à jour

31/12/2006 New accounts available

22/11/2006 Appointment/resignation of company officers

22/11/2006 Minutes of general meeting of shareholders

22/11/2006 Private document

22/11/2006 PV d'Assemblée

31/03/2006 Apport Partiel

31/03/2006 Planned merger

31/03/2006	Projet de Fusion
31/03/2006	Acte sous seing prive
31/03/2006	Private document
31/03/2006	Acte modificatif
31/12/2005	New accounts available
31/12/2004	New accounts available
21/01/2004	PV d'Assemblee
21/01/2004	Augmentation de Capital
21/01/2004	Statuts mis a jour
21/01/2004	Acte sous seing prive
21/01/2004	Certificat de depot des fonds
31/12/2003	New accounts available
05/12/2003	Rapport des Commissaires ou du Gerant
05/12/2003	Acte sous seing prive
05/12/2003	Acte modificatif
09/10/2003	Requete et Ordonnance
09/10/2003	Acte modificatif
02/05/2003	Nomination/demission des organes de gestion
02/05/2003	PV d'Assemblee
02/05/2003	Acte modificatif
02/05/2003	Acte sous seing prive
31/12/2001	Statuts mis a jour
31/12/2001	Acte sous seing prive
31/12/2001	Augmentation de Capital
31/12/2001	Conversion du Capital Social en Euros
31/12/2001	PV d'Assemblee
31/10/2000	Rapport des Commissaires ou du Gerant
31/10/2000	Statuts mis a jour
31/10/2000	PV d'Assemblee
31/10/2000	Nomination/demission des organes de gestion
31/10/2000	Acte sous seing prive
31/10/2000	Changement de Forme Juridique avec changement de categorie
31/10/2000	Changement de Forme Juridique sans changement de categorie
31/10/2000	Acte modificatif
18/09/2000	Modification du Conseil d'Administration
18/09/2000	Nomination/demission des organes de gestion
18/09/2000	Acte sous seing prive
18/09/2000	PV d'Assemblee
03/03/2000	PV d'Assemblee
03/03/2000	Nomination/demission des organes de gestion
03/03/2000	Acte sous seing prive
03/03/2000	Acte modificatif
12/11/1999	Statuts mis a jour
12/11/1999	Acte sous seing prive
12/11/1999	Acte modificatif
12/11/1999	PV d'Assemblee
14/10/1999	Acte sous seing prive
14/10/1999	Acte modificatif
14/10/1999	Nomination/demission des organes de gestion
14/10/1999	PV d'Assemblee
26/08/1998	PV d'Assemblee
26/08/1998	Nomination/demission des organes de gestion
26/08/1998	Acte sous seing prive
26/08/1998	Acte modificatif
17/07/1998	Acte sous seing prive
17/07/1998	Nomination/demission des organes de gestion
17/07/1998	Acte modificatif
12/03/1998	Acte sous seing prive
12/03/1998	Statuts mis a jour
12/03/1998	PV d'Assemblee
12/03/1998	Acte modificatif
12/03/1998	Rapport des Commissaires ou du Gerant
26/06/1997	Changement de Forme Juridique avec changement de categorie
26/06/1997	Declaration de conformite
26/06/1997	Nomination/demission des organes de gestion
26/06/1997	Modification du systeme d'administration des S.A.
26/06/1997	Changement de denomination sociale
26/06/1997	Reduction de Capital
26/06/1997	Augmentation de Capital
26/06/1997	PV d'Assemblee
26/06/1997	Statuts mis a jour
26/06/1997	Acte modificatif
09/06/1997	Acte sous seing prive
09/06/1997	Acte modificatif
09/06/1997	PV du Conseil d'Administration
09/06/1997	Nomination/demission des organes de gestion
29/04/1997	Acte modificatif
29/04/1997	Fusion
29/04/1997	Acte sous seing prive
29/04/1997	PV du Conseil d'Administration
28/02/1997	Acte sous seing prive
28/02/1997	Acte modificatif
28/02/1997	Requete et Ordonnance
13/02/1997	Acte sous seing prive
13/02/1997	Modification du Conseil d'Administration
13/02/1997	Acte modificatif
13/02/1997	PV du Conseil d'Administration
13/02/1997	Nomination/demission des organes de gestion
18/10/1996	Acte sous seing prive
18/10/1996	Nomination/demission des organes de gestion
18/10/1996	Modification du Conseil d'Administration
18/10/1996	PV d'Assemblee
18/10/1996	Acte modificatif
05/05/1995	Modification du Conseil d'Administration
05/05/1995	PV d'Assemblee
05/05/1995	Nomination/demission des organes de gestion
05/05/1995	PV du Conseil d'Administration
17/02/1995	Modification du Conseil d'Administration
17/02/1995	Acte modificatif
17/02/1995	PV du Conseil d'Administration
17/02/1995	PV d'Assemblee
17/02/1995	Nomination/demission des organes de gestion
28/03/1994	Statuts mis a jour
28/03/1994	Acte modificatif
28/03/1994	Declaration de conformite
28/03/1994	PV d'Assemblee
23/02/1994	Nomination/demission des organes de gestion
23/02/1994	Acte modificatif
23/02/1994	Modification du Conseil d'Administration
23/02/1994	PV du Conseil d'Administration
19/01/1994	Acte modificatif
19/01/1994	PV d'Assemblee
19/01/1994	Modification du Conseil d'Administration
19/01/1994	PV du Conseil d'Administration
19/01/1994	Nomination/demission des organes de gestion
10/09/1992	PV du Conseil d'Administration
10/09/1992	Modification du Conseil d'Administration
10/09/1992	Acte modificatif
10/09/1992	Nomination/demission des organes de gestion
10/07/1992	PV d'Assemblee
10/07/1992	Modification du Conseil d'Administration
10/07/1992	Nomination/demission des organes de gestion
20/02/1992	Expedition acte notarie
20/02/1992	Declaration de conformite
20/02/1992	PV du Conseil d'Administration
20/02/1992	Statuts mis a jour
20/02/1992	Acte modificatif
16/12/1991	Modification du Conseil d'Administration
16/12/1991	Changement de President (PDG, PCA)
16/12/1991		Changement de denomination sociale
16/12/1991		Immatriculation suite a transfert
16/12/1991		Augmentation de Capital
16/12/1991		Statuts mis a jour
16/12/1991		PV du Conseil d'Administration
16/12/1991		PV d'Assemblee
16/12/1991		Nomination/demission des organes de gestion
16/12/1991		Declaration de conformite
13/12/1991		PV d'Assemblee
13/12/1991		Immatriculation suite a transfert
13/12/1991		Certificat de depot des fonds
13/12/1991		Nomination/demission des organes de gestion
13/12/1991		PV du Conseil d'Administration
13/12/1991		Modification de l'objet social
13/12/1991		Changement de President (PDG, PCA)
13/12/1991		Modification du Conseil d'Administration
13/12/1991		Augmentation de Capital
13/12/1991		Statuts mis a jour
13/12/1991		Changement de denomination sociale
13/12/1991		Expedition acte notarie
06/12/1991		PV d'Assemblee
06/12/1991		Transfert du Siege hors du ressort du Tribunal de Commerce

Establishment events history

Date	Description
28/08/2014	Update of phone numbers
16/03/2014	Update of phone numbers
22/02/2014	Update of phone numbers
11/01/2013	Update of phone numbers
23/11/2011	Update of phone numbers
26/10/2010	Update of phone numbers
30/07/2010	Modification of Head office Identification
30/07/2010	Update of Establishment Address
21/01/2010	Update of phone numbers
29/05/2009	Update of phone numbers

19/08/2008 Update of phone numbers

13/06/2007 Update of phone numbers

31/12/2004 Modification of Establishment Activity

Directors

Name	FAURY GUILLAUME
Manager position	President	Date of birth	22/02/1968
Place of birth	CHERBOURG (50)

Previous Directors
Manager position	Title and name	Date of Birth/Place of Birth
President	M LUTZ BERTLING	—
President	M LUTZ BERTLING	7/9/1962 - KIEL ALLEMAGNE
President	LUTZ BERTLING	7/9/1962 - KIEL(ALLEMAGNE)
President	M FABRICE BREGIER	7/16/1961 - DIJON

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.85
UK Pound	1	Rs.93.27
Euro	1	Rs.71.57

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	MNL

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.