MIRA INFORM REPORT

Report No. :	304896
Report Date :	27.01.2015

IDENTIFICATION DETAILS

Name :	ETS ANDRE ZALKIN ET CIE
Registered Office :	Zalkin 5 Rue Andre Zalkin 27390 Montreuil L'argille
Country :	France
Financials (as on) :	31.12.2009
Date of Incorporation :	November 1974
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Manufacturing of packaging equipment, packaging and weighing
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 – 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 name

Name	ETS ANDRE ZALKIN ET CIE	SIRET	702 041 682 00049
Personal comment

Company summary

COMPANY SUMMARY

Trade name	ZALKIN
Safe Number	FR11848306	EUR VAT Number	FR45702041682
Activity (APE)	Manufacturing of packaging equipment, packaging and weighing (2829A)	Legal form	Simplified Joint Stock Company with Single Associate
Phone	02 32 44 50 72	RCS Registration	RCS Bernay 0 702 041 682
Fax	02 32 44 50 72	Share capital	8,000,000 Euros
Address	ETS ANDRE ZALKIN ET CIE ZALKIN 5 RUE ANDRE ZALKIN 27390 MONTREUIL L'ARGILLE	Incorporated Date	11/1974
Nationality	France	Status	Economically active

PAYMENT INFORMATION SUMMARY - TRADE PAYMENT DATA
Total number of Invoices available	9
Total number of Invoices paid within or up to 30 days after the due date	6
Total number of Invoices paid more than 30 days after the due date	2
Total number of Invoices currently outstanding where the due date has not yet been reached	1
Total number of Invoices currently outstanding beyond the due date	0

Last published preferential right	This company is not under monitoring
Collection of preferential rights for this company has been stopped by the Court

ULTIMATE HOLDING COMPANY
Company Name	Company number	Click here to view the affiliation links
ZALKIN EVOLUTION	491217857

CURRENT DIRECTORS

1

Trading to Date	12/31/2009	12/31/2008	12/31/2007
Turnover	37,378,842 €	45,592,770 €	45,409,566 €
Gross Operating Surplus	15.22 % Turnover	13.01 % Turnover	3.83 % Turnover
Shareholders’ equity	16,249,209 €	14,438,068 €	12,521,489 €
Net result	3,612,982 €	3,685,259 €	711,810 €
Employees	250 to 499 employees	-	-

Trends
Profitability
Liquidity
Net worth

COMPANY DETAILS

COMPANY DETAILS

Activity (APE)	Manufacturing of packaging equipment, packaging and weighing (2829A)
RCS Registration	RCS Bernay 0 702 041 682	Share capital	8,000,000 Euros
Registration Court	Bernay (27)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	20 0 0B00088	EUR VAT Number	FR45702041682
Incorporation Date	11/1974	Formation Date
Deregistration Date		Last account Date	31/12/2009
Nationality	France

Ultimate Parent

1 ultimate parent company for this company  >  ZALKIN EVOLUTION  - Activités des sociétés holding (6420Z)  in MONTREUIL L'ARGILLE  (27390)

ESTABLISHMENT DETAILS

Trade name	ZALKIN
Activity (APE)	Manufacturing of packaging equipment, packaging and weighing (2829A)	Business Pages FT®	MACHINES, MATERIEL ET FOURNITURES POUR EMBALLAGES, CONDITIONNEMENTS
Postal Address	ETS ANDRE ZALKIN ET CIE  ZALKIN  5 RUE ANDRE ZALKIN  27390 MONTREUIL L'ARGILLE	Trading Address	5 RUE ANDRE ZALKIN  27390 MONTREUIL L'ARGILLE
Telephone	02 32 44 50 72
Fax	02 32 44 50 72

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

Department	Eure (27)	Region	Haute-Normandie
District	2	Area	10
City	MONTREUIL L'ARGILLE	Size of urban area	Establishment in a rural municipality

Other establishments

Branches		2 branch entities in this company
Head office	> ETS ANDRE ZALKIN ET CIE <<<  - Fabrication d'équipements d'emballage, de conditionnement et de pesage (2829A)  in MONTREUIL L'ARGILLE  (27390)
Secondary establishments	>  ETS ANDRE ZALKIN ET CIE  - Fabrication d'équipements d'emballage, de conditionnement et de pesage (2829A)  in RUEIL MALMAISON  (92500)

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

250 to 499 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	31/12/2009	31/12/2008	31/12/2007
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	06/07/2010	-	-
Activity Code	2829A	2829A	2829A
Employees	274	285	288

Active account

Annual Accounts	31/12/2009		31/12/2008		31/12/2007	Sector Median2009
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	1,630,607	42.7%	1,142,492	-13.9%	1,326,774	98,461	1556.1%
- Intangible assets	131,202	-25.5%	176,224	3.2%	170,752	3,800	3352.7%
- Tangible assets	1,491,203	55.6%	958,066	-17.1%	1,155,329	38,088	3815.2%
- Financial assets	8,202	0%	8,202	1081.8%	694	3,357	144.3%
Net current assets	26,730,462	-7.6%	28,937,468	20.4%	24,028,471	585,613	4464.5%
- Stocks	7,539,112	-9.1%	8,291,446	-0.5%	8,330,692	145,168	5093.4%
- Advanced payments	167,758	-7.6%	5,825	-86.9%	44,495	0	0%
- Receivables	10,035,446	-21.5%	12,790,577	-7.4%	13,813,271	311,561	3121.0%
- Securities and cash	8,988,146	14.5%	7,849,621	326.6%	1,840,013	67,143	13286.6%
- Prepaid expenses	-	-	-	-	-	2,372	-
Accounts of regularization	1,191	-97.6%	50,427	118.0%	23,134	0	0%
Total Assets	28,362,256	-5.9%	30,130,386	18.7%	25,378,379	805,834	3419.6%

PASSIVE ACCOUNT

Annual Accounts	31/12/2009		31/12/2008		31/12/2007	Sector Median2009
Shareholders' equity	16,249,209	12.5%	14,438,068	15.3%	12,521,489	247,286	6471.0%
Share capital	8,000,000	0%	8,000,000	0%	8,000,000	52,500	15138.1%
Other capital resources	140,000	0%	0	0%	0	0	0%
Risk Provisions	2,200,895	-10.5%	2,459,280	138.1%	1,032,711	0	0%
Liabilities	9,771,948	-26.2%	13,232,930	11.9%	11,823,334	488,807	1899.1%
- Financial liabilities	6,400	63.3%	3,918	-97.7%	171,276	58,249	-89.0%
- Advanced payments received	1,720,102	46.4%	1,175,080	42.0%	827,710	312	551214.7%
- Trade account payables	4,648,901	-19.9%	5,800,511	-11.8%	6,573,520	136,297	3310.9%
- Tax and social liabilities	2,669,276	-37.4%	4,264,383	76.0%	2,422,357	132,809.50	1909.9%
- Other debts and fixed assets liabilities	705,956	-62.7%	1,894,153	5.6%	1,794,097	5,615	12472.7%
Account regularization	21,517	-77.3%	94,995	169.7%	35,218	0	0%
Total liabilities	28,362,257	-5.9%	30,130,386	18.7%	25,378,379	805,833	3419.6%

RESULTS

Annual Accounts	31/12/2009		31/12/2008		31/12/2007	Sector Median2009
Sales of Goods	38,820,498	-17.1%	46,814,722	2.6%	45,634,493	1,331,439	2815.7%
Net turnover	37,378,842	-18.0%	45,592,770	0.4%	45,409,566	1,264,005	2857.2%
- of which net export turnover	29,378,489	-14.7%	34,445,978	-0.9%	34,748,023	39,297	74660.1%
Operating charges	33,578,988	-18.9%	41,382,554	-7.2%	44,584,602	1,265,551	2553.3%
Operating profit/loss	5,241,510	-3.5%	5,432,168	417.4%	1,049,891	23,469	22233.8%
Financial income	302,997	-72.3%	1,094,227	562.3%	165,212	838	36057.2%
Financial charges	159,218	-12.1%	181,054	-41.4%	309,065	3,705	4197.4%
Financial profit/loss	143,779	-84.3%	913,173	734.8%	-143,853	-899	16093.2%
Pretax net operating income	5,385,289	-15.1%	6,345,341	600.3%	906,038	22,808	23511.4%
Extraordinary income	62,028	115.2%	28,829	-87.5%	230,567	1,600	3776.8%
Extraordinary charges	86,624	25.5%	69,000	-66.8%	208,027	897	9557.1%
Extraordinary profit/loss	-24,596	38.8%	-40,171	-278.2%	22,540	0	0%
Net result	3,612,982	-2.0%	3,685,259	417.7%	711,810	20,195	17790.5%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2009	31/12/2008	31/12/2007
Months	12	12	12

Accounts

- Active 
Current Assets |  Equalization accounts |  Reference 

GRAND TOTAL - PASSIVE ACCOUNTS (I TO IV)

			31/12/2009		31/12/2008		31/12/2007
	Grand Total (I to VI)	Net	28,362,256	-5.9%	30,130,386	18.7%	25,378,379
	Gross	CO	37,285,951	-4.3%	38,980,168	15.3%	33,821,507
	Amortisation	1A	8,923,695	0.8%	8,849,782	4.8%	8,443,128

NON DECLARED DISTRIBUTED CAPITAL (I)

		31/12/2009		31/12/2008		31/12/2007
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

			31/12/2009		31/12/2008		31/12/2007
	Total Active fixed asset (II)	Net	1,630,607	42.7%	1,142,492	-13.9%	1,326,774
	Gross	BJ	9,438,344	4.8%	9,007,329	1.9%	8,841,795
	Amortisation	BK	7,807,737	-0.7%	7,864,837	4.7%	7,515,021

Intangilble fixed assets

			31/12/2009		31/12/2008		31/12/2007
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	1,620	-96.5%	46,642	13.3%	41,170
	Gross	AF	459,299	-2.7%	472,195	12.7%	418,918
	Amortisation	AG	457,679	7.5%	425,553	12.7%	377,748
	Goodwill	Net	129,582	0%	129,582	0%	129,582
	Gross	AH	129,582	0%	129,582	0%	129,582
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	131,202	-25.5%	176,224	3.2%	170,752

TANGILBLE FIXED ASSETS

			31/12/2009		31/12/2008		31/12/2007
	Lands	Net	112,517	-2.5%	115,395	-1.8%	117,472
	Gross	AN	303,487	0%	303,487	0.5%	302,074
	Amortisation	AO	190,970	1.5%	188,092	1.9%	184,602
	Buildings	Net	411,939	12.0%	367,768	-13.1%	423,370
	Gross	AP	3,304,181	3.5%	3,191,191	0.7%	3,167,624
	Amortisation	AQ	2,892,242	2.4%	2,823,423	2.9%	2,744,254
	Plant	Net	820,433	219.0%	257,149	-31.0%	372,679
	Gross	AR	3,841,333	9.5%	3,507,895	-1.0%	3,545,098
	Amortisation	AS	3,020,900	-7.1%	3,250,746	2.5%	3,172,419
	Other tangible fixed assets	Net	105,089	-32.0%	154,477	-36.1%	241,808
	Gross	AT	1,351,035	1.5%	1,331,500	4.2%	1,277,806
	Amortisation	AU	1,245,946	5.9%	1,177,023	13.6%	1,035,998
	Fixed assets in construction	Net	41,225	-34.8%	63,277	0%	0
	Gross	AV	41,225	-34.8%	63,277	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	1,491,203		958,066		1,155,329

Financial assets

			31/12/2009		31/12/2008		31/12/2007
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	8,202	0%	8,202	1081.8%	694
	Gross	BH	8,202	0%	8,202	1081.8%	694
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		8,202		8,202		694

CURRENT ASSETS (III)

			31/12/2009		31/12/2008		31/12/2007
	Total Assets	Net	26,730,462	-7.6%	28,937,468	20.4%	24,028,471
	Gross	CJ	27,846,418	-6.9%	29,922,413	19.9%	24,956,579
	Amortisation	CK	1,115,956	13.3%	984,945	6.1%	928,107

STOCKS

			31/12/2009		31/12/2008		31/12/2007
	Raw materials	Net	5,454,742	-16.1%	6,498,833	0.5%	6,463,700
	Gross	BL	6,343,983	-12.3%	7,236,805	0.8%	7,178,143
	Amortisation	BM	889,241	20.5%	737,972	3.3%	714,443
	Work in progress (goods)	Net	2,084,370	16.3%	1,792,613	-4.0%	1,866,992
	Gross	BN	2,187,519	20.2%	1,820,623	-3.1%	1,878,713
	Amortisation	BO	103,149	268.3%	28,010	139.0%	11,721
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	7,539,112	-9.1%	8,291,446	-0.5%	8,330,692

ADVANCE PAYMENTS TO SUPPLIERS

			31/12/2009		31/12/2008		31/12/2007
	Advance payments to suppliers	Net	167,758	2780.0%	5,825	-86.9%	44,495
	Gross	BV	167,758	2780.0%	5,825	-86.9%	44,495
	Amortisation	BW	0	0%	0	0%	0

DEBTORS

			31/12/2009		31/12/2008		31/12/2007
	Trade accounts receivable	Net	9,547,472	-23.4%	12,471,301	-0.5%	12,535,605
	Gross	BX	9,671,038	-23.8%	12,690,264	-0.4%	12,737,549
	Amortisation	BY	123,566	-43.6%	218,963	8.4%	201,944
	Other debtors	Net	418,939	37.1%	305,670	-75.2%	1,234,920
	Gross	BZ	418,939	37.1%	305,670	-75.2%	1,234,920
	Amortisation	CA	0	0%	0	0%	0
	Capital subscribed and called up	Net	0	0%	0	0%	0
	Gross	CB	0	0%	0	0%	0
	Amortisation	CC	0	0%	0	0%	0
	Sub Total Debtors	Net	9,966,411	-22.0%	12,776,971	-7.2%	13,770,525

DIVERS

			31/12/2009		31/12/2008		31/12/2007
	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	8,988,146	14.5%	7,849,621	326.6%	1,840,013
	Gross	CF	8,988,146	14.5%	7,849,621	326.6%	1,840,013
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	8,988,146	14.5%	7,849,621	326.6%	1,840,013

PREPAID EXPENSES

			31/12/2009		31/12/2008		31/12/2007
	Prepaid expenses	Net	69,035	407.4%	13,606	-68.2%	42,746
	Gross	CH	69,035	407.4%	13,606	-68.2%	42,746
	Amortisation	CI	0	0%	0	0%	0

EQUALIZATION ACCOUNTS (IV TO VI)

		31/12/2009		31/12/2008		31/12/2007
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	-	-	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	-	-	-	-
Currency differential gain	CN3	1,191	-97.6%	50,427	118.0%	23,134
Gross		1,191	-	-	-	-

REFERENCES

		31/12/2009		31/12/2008		31/12/2007
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2009		31/12/2008		31/12/2007
Grand Total (I to V)	EE	28,362,257	-5.9%	30,130,386	18.7%	25,378,379

SHAREHOLDER EQUITY (I)

			31/12/2009		31/12/2008		31/12/2007
	Total shareholders' equity (Total I)	DL	16,249,209	12.5%	14,438,068	15.3%	12,521,489
	Equity and shareholders' equity	DA	8,000,000	0%	8,000,000	0%	8,000,000
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	800,000	0%	800,000	0%	800,000
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	3,822,555	14.3%	3,344,135	11.8%	2,992,325
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	-1,406,840	0%	0
	Profit or loss for the period	DI	3,612,982	-2.0%	3,685,259	417.7%	711,810
	Investment grants	DJ	13,672	-11.9%	15,513	-10.6%	17,354
	Special tax-allowable reserves	DK	0	0%	0	0%	0

OTHER CAPITAL RESOURCES (II)

			31/12/2009		31/12/2008		31/12/2007
	Total other capital resources (Total II)	DO	140,000	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	140,000	0%	0	0%	0

PROVISIONS FOR RISKS AND CHARGES (III)

			31/12/2009		31/12/2008		31/12/2007
	Total provisions for risks and charges (Total III)	DR	2,200,895	-10.5%	2,459,280	138.1%	1,032,711
	Risk provisions	DP	649,897	-30.4%	934,190	-2.1%	954,348
	Reserves for charges	DQ	1,550,998	1.7%	1,525,090	1846.2%	78,363

LIABILITIES (IV)

			31/12/2009		31/12/2008		31/12/2007
	Total Liabilities (Total IV)	EC	9,771,948	-26.2%	13,232,930	11.9%	11,823,334
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	6,139	67.9%	3,657	-97.9%	170,402
	Sundry loans and financial liabilities	DV	261	0%	261	-70.1%	874
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	1,720,102	46.4%	1,175,080	42.0%	827,710
	Trade accounts payables	DX	4,648,901	-19.9%	5,800,511	-11.8%	6,573,520
	Tax and social security liabilities	DY	2,669,276	-37.4%	4,264,383	76.0%	2,422,357
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	705,752	-62.7%	1,894,044	5.6%	1,793,253

TRANSLATION LOSS (V)

		31/12/2009		31/12/2008		31/12/2007
Translation loss (Total V)	ED	204	87.2%	109	-87.1%	844

EQUALIZATION ACCOUNTS

		31/12/2009		31/12/2008		31/12/2007
Deferred income	EB	21,517	-77.3%	94,995	169.7%	35,218

REFERENCES

		31/12/2009		31/12/2008		31/12/2007
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	9,771,948	-26.2%	13,232,930	11.9%	11,823,334
Of which current bank facilities	EH	6,139	67.9%	3,657	-97.9%	170,402

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)

		31/12/2009		31/12/2008		31/12/2007
Operating result (Total I-II)	GG	5,241,510	-3.5%	5,432,168	417.4%	1,049,891

2 - FINANCIAL RESULT (V - VI)

		31/12/2009		31/12/2008		31/12/2007
Financial result (Total V-VI)	GV	143,779	-84.3%	913,173	734.8%	-143,853

3 - PRE-TAX NET OPERATING INCOME RESULT (I - VI)

		31/12/2009		31/12/2008		31/12/2007
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	5,385,289	-15.1%	6,345,341	600.3%	906,038

4 - EXTRAORDINARY RESULT (VII-VIII)

		31/12/2009		31/12/2008		31/12/2007
Extraordinary result (Total VII-VIII)	HI	-24,596	38.8%	-40,171	-278.2%	22,540

PROFIT OR LOSS

		31/12/2009		31/12/2008		31/12/2007
Profit or loss	HN	3,612,982	-2.0%	3,685,259	417.7%	711,810

TOTAL INCOME (I+III+V+VII)

		31/12/2009		31/12/2008		31/12/2007
Total Income (I+III+V+VII)	HL	39,185,523	-18.3%	47,937,778	4.1%	46,030,273

TOTAL CHARGES (TOTAL II+IV+VI+VIII+IX+X)

		31/12/2009		31/12/2008		31/12/2007
Total charges (Total II+IV+VI+VIII+IX+X)	HM	35,572,538	-19.6%	44,252,518	-2.4%	45,318,463

OPERATING INCOME (I)

		31/12/2009		31/12/2008		31/12/2007
Total operating income (Total I)	FR	38,820,498	-17.1%	46,814,722	2.6%	45,634,493

OPERATING INCOME (DETAILS)

			31/12/2009		31/12/2008		31/12/2007
	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	33,394,033	-19.3%	41,398,557	-2.2%	42,328,932
	France	FD	6,831,981	-29.5%	9,689,870	0.5%	9,641,065
	Export	FE	26,562,052	-16.2%	31,708,687	-3.0%	32,687,867
	Sale of services	FI	3,984,809	-5.0%	4,194,214	36.1%	3,080,634
	France	FG	1,168,372	-19.8%	1,456,923	42.8%	1,020,478
	Export	FH	2,816,437	2.9%	2,737,291	32.9%	2,060,156
	Net turnover	FL	37,378,842	-18.0%	45,592,770	0.4%	45,409,566
	France	FJ	8,000,353	-28.2%	11,146,793	4.6%	10,661,543
	Export	FK	29,378,489	-14.7%	34,445,978	-0.9%	34,748,023
	Stocked production	FM	366,896	731.6%	-58,090	95.0%	-1,173,202
	Self-constructed assets	FN	456,712	350.8%	101,311	-75.5%	413,524
	Operating grants	FO	3,750	0%	0	0%	0
	Release of reserves and provisions	FP	533,218	-50.4%	1,075,459	9.3%	984,165
	Other income	FQ	81,080	-21.5%	103,272	23317.7%	441

OPERATING CHARGES (II)

		31/12/2009		31/12/2008		31/12/2007
Total operating charges (Total II)	GF	33,578,988	-18.9%	41,382,554	-7.2%	44,584,602

EXPLOITATION CHARGES

		31/12/2009		31/12/2008		31/12/2007
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	4,508,476	-30.1%	6,452,321	-16.3%	7,707,094
Change in stocks of raw materials	FV	892,822	1622.0%	-58,662	-118.6%	315,940
Other external purchases and charges	FW	14,898,243	-27.2%	20,475,391	-7.3%	22,080,652
Tax, duty and similar payments	FX	708,589	-0.8%	714,543	7.1%	667,021
Payroll	FY	8,164,197	-4.9%	8,581,100	0.1%	8,572,292
Social security costs	FZ	3,346,581	-5.5%	3,539,678	-0.8%	3,567,085

DEPRECIATION

		31/12/2009		31/12/2008		31/12/2007
Depreciation of fixed assets	GA	410,004	-25.8%	552,203	3.2%	535,248
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	338,049	357.7%	73,864	-6.8%	79,217
Provisions for risks and charges	GD	58,006	-94.2%	1,002,223	4.4%	959,577

OTHER CHARGES

		31/12/2009		31/12/2008		31/12/2007
Other charges	GE	254,021	409.1%	49,893	-50.3%	100,474

OPERATING CHARGES (III-IV)

		31/12/2009		31/12/2008		31/12/2007
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

FINANCIAL INCOME (V)

			31/12/2009		31/12/2008		31/12/2007
	Total financial income (Total V)	GP	302,997	-72.3%	1,094,227	562.3%	165,212
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	3,177	-97.0%	105,230	238.2%	31,119
	Released provisions and transferred charges	GM	50,427	118.0%	23,134	-61.1%	59,544
	Exchange gains	GN	182,438	-79.5%	888,225	2812.8%	30,494
	Net income from disposal of investment securities	GO	66,955	-13.8%	77,639	76.2%	44,055

FINANCIAL CHARGE (VI)

			31/12/2009		31/12/2008		31/12/2007
	Total financial charge (Total VI)	GU	159,218	-12.1%	181,054	-41.4%	309,065
	Financial reserves and provisions	GQ	1,191	-97.6%	50,427	118.0%	23,134
	Interest and similar charges	GR	21,269	61.8%	13,147	-60.3%	33,075
	Exchange losses	GS	136,758	16.4%	117,480	-53.5%	252,856
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

EXTRAORDINARY INCOME (VII)

			31/12/2009		31/12/2008		31/12/2007
	Total extraordinary income (Total VII)	HD	62,028	115.2%	28,829	-87.5%	230,567
	Extraordinary operating income	HA	2,821	-88.7%	25,065	1763.6%	1,345
	Extraordinary income from capital transactions	HB	59,207	1473.0%	3,764	-98.4%	229,222
	Released provisions and transferred charges	HC	0	0%	0	0%	0

EXTRAORDINARY CHARGES (VIII)

			31/12/2009		31/12/2008		31/12/2007
	Total extraordinary charges (Total VIII)	HH	86,624	25.5%	69,000	-66.8%	208,027
	Extraordinary operating charges	HE	0	0%	69,000	759.6%	8,027
	Extraordinary charges from capital transactions	HF	86,624	0%	0	0%	200,000
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

EMPLOYEE PROFIT SHARING (IX)

		31/12/2009		31/12/2008		31/12/2007
Employee profit sharing (Total IX)	HJ	582,490	-24.5%	771,117	2625.6%	28,292

TAX ON PROFITS (X)

		31/12/2009		31/12/2008		31/12/2007
Tax on profits (Total X)	HK	1,165,218	-37.0%	1,848,794	880.9%	188,476

REFERENCES

		31/12/2009		31/12/2008		31/12/2007
Of which equipment leases	HP	44,280	-7.7%	47,970	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	59,026	21.3%	48,645	-42.2%	84,103
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%	269

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)

			31/12/2009		31/12/2008		31/12/2007
	Gross value at begin of period	OG	0	0%	8,841,795	6.1%	8,332,705
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	367,920	-58.3%	883,242
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	202,386	-45.9%	374,151
	Gross value at the end of period	OL	0	0%	9,007,329	1.9%	8,841,795

RESEARCH AND DEVELOPMENT CHARGE (TOTAL I)

			31/12/2009		31/12/2008		31/12/2007
	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)

			31/12/2009		31/12/2008		31/12/2007
	Gross value at begin of period	KD	0	0%	548,499	14.5%	478,877
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	53,277	-23.5%	69,623
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	0	0%	601,777	9.7%	548,500

TANGIBLE FIXED ASSETS (TOTAL III)

			31/12/2009		31/12/2008		31/12/2007
	Gross value at begin of period	LN	0	0%	8,292,602	5.6%	7,853,104
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	307,135	-62.3%	813,619
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	202,386	-45.9%	374,121
	Gross value at the end of period	NH	0	0%	8,397,351	1.3%	8,292,602

FIANCIAL ASSETS (TOTAL IV)

			31/12/2009		31/12/2008		31/12/2007
	Gross value at begin of period	LQ	0	0%	694	-4.1%	724
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	7,508	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	30
	Gross value at the end of period	NK	0	0%	8,202	1081.8%	694

Reserve for depreciation

Situation and movement of reserve for depreciation

GRAND TOTAL (I-II-III)

			31/12/2009		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	0N	0	0%	7,515,021	5.0%	7,153,893
Increases		0P	0	0%	552,202	3.2%	535,249
Decreasess		0Q	0	0%	202,385	16.2%	174,121
	Reserve for depreciation value at the end of period	0R	0	0%	7,864,838	4.7%	7,515,021

RESEARCH AND DEVELOPMENT CHARGE (TOTAL I)

			31/12/2009		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

OTHER INTANGIBLE ASSETS (TOTAL II)

			31/12/2009		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	PE	0	0%	377,748	15.0%	328,561
Increases		PF	0	0%	47,805	-2.8%	49,187
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	425,553	12.7%	377,748

TOTAL FIXED ASSETS AMOTISATION (TOTAL III)

			31/12/2009		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	QU	0	0%	7,137,273	4.6%	6,825,332
Increases		QV	0	0%	504,397	3.8%	486,062
Decreases		QW	0	0%	202,385	16.2%	174,121
	Decreasess by budget item transfer	QX	0	0%	7,439,284	4.2%	7,137,273

Movements during period affecting charge allocated over several period 

Charges à répartir ou frais d'émission d'emprunt

			31/12/2009		31/12/2008		31/12/2007
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

PREMIUM REFUND OF OBLIGATIONS

			31/12/2009		31/12/2008		31/12/2007
	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)

			31/12/2009		31/12/2008		31/12/2007
	Value at begining of period	7C	3,444,224	75.7%	1,960,818	5.5%	1,858,496
Increases		UB	397,244	-84.3%	2,533,353	138.6%	1,061,928
Decreases		UC	524,619	-50.0%	1,049,947	9.4%	959,606
	Value at the end of period	UD	3,316,849	-3.7%	3,444,224	75.7%	1,960,818

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)

			31/12/2009		31/12/2008		31/12/2007
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

TOTAL RISK AND CHARGE PROVISIONS (TOTAL II)

			31/12/2009		31/12/2008		31/12/2007
	Value at begining of period	5Z	2,459,280	138.1%	1,032,711	31.1%	787,816
Increases		TV	59,196	-97.6%	2,459,490	150.3%	982,711
Decreases		TW	317,582	-69.3%	1,032,921	40.0%	737,816
	Value at the end of period	TX	2,200,894	-10.5%	2,459,280	138.1%	1,032,711

TOTAL PROVISION FOR DEPRECIATION (TOTAL III)

			31/12/2009		31/12/2008		31/12/2007
	Value at begining of period	7B	984,944	6.1%	928,107	-13.3%	1,070,680
Increases		TY	338,049	357.7%	73,863	-6.8%	79,217
Decreases		TZ	207,037	1116.0%	17,026	-92.3%	221,790
	Value at the end of period	UA	1,115,956	13.3%	984,944	6.1%	928,107

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

		31/12/2009		31/12/2008		31/12/2007
Gross value	VT	10,167,213	-21.9%	13,017,741	-7.1%	14,015,908
1 year at most	VU	10,159,011	-21.9%	13,009,539	-7.2%	14,015,214
More than one year	VV	8,202	0%	8,202	1081.8%	694

STATE OF LOANS

		31/12/2009		31/12/2008		31/12/2007
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	8,202	0%	8,202	1081.8%	694
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

RECEIVABLES STATEMENT OF ASSETS

		31/12/2009		31/12/2008		31/12/2007
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
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%	0
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%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	10,159,012	0%	0	0%	0

PREPAID

		31/12/2009		31/12/2008		31/12/2007
Prepaid	VS	0	0%	13,606	-68.2%	42,746

STATE DEBT

			31/12/2009		31/12/2008		31/12/2007
	Total debt (gross)	VY	8,051,847	-33.2%	12,057,851	9.7%	10,995,624
1 year at most		VZ2	8,051,847	-33.2%	12,057,851	9.7%	10,995,624
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

			31/12/2009		31/12/2008		31/12/2007
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	6,139	67.9%	3,657	-97.9%	170,402
1 year at most		VG2	6,139	67.9%	3,657	-97.9%	170,402
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	261	0%	261	-70.1%	874
1 year at most		8A2	261	0%	261	-70.1%	874
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	4,648,901	-19.9%	5,800,511	-11.8%	6,573,520
1 year at most		8B2	4,648,901	-19.9%	5,800,511	-11.8%	6,573,520
More than 1 year and 5 years at most		8B3	4,648,901	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	2,669,276	-37.4%	4,264,383	76.0%	2,422,357
1 year at most		8D2	2,669,276	-37.4%	4,264,383	76.0%	2,422,357
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	0
1 year at most		VQ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	705,752	-62.7%	1,894,044	5.6%	1,793,253
1 year at most		8K2	705,752	-62.7%	1,894,044	5.6%	1,793,253
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	21,517	-77.3%	94,995	169.7%	35,218
1 year at most		8L2	21,517	-77.3%	94,995	169.7%	35,218
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

REFERENCES

		31/12/2009		31/12/2008		31/12/2007
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

		31/12/2009		31/12/2008		31/12/2007
Dividends	ZE	0	0%	0	0%	0

COMMITMENTS

		31/12/2009		31/12/2008		31/12/2007
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

OTHER CHARGES EXTERNES

		31/12/2009		31/12/2008		31/12/2007
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

TAXES AND FEES

		31/12/2009		31/12/2008		31/12/2007
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2009		31/12/2008		31/12/2007
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

AVERAGE NUMBER OF EMPLOYEES

		31/12/2009		31/12/2008		31/12/2007
Average number of employees	YP	274	-3.9%	285	-1.0%	288

GROUPS AND SHAREHOLDERS

		31/12/2009		31/12/2008		31/12/2007
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

STRUCTURE AND LIQUIDITY

		31/12/2009		31/12/2008		31/12/2007	Sector Median2009
Fixed Asset Financing		2.80	1.8%	2.75	15.5%	2.38	2.13	31.5%
Global Debt		94 days	-9.6%	104 days	10.6%	94 days	129 days	-27.1%
Working Capital Fund overall net		163 days	31.5%	124 days	27.8%	97 days	88.50 days	84.2%
Financial independence		253893.89%	-31.1%	368506.07%	4940.6%	7310.71%	260.99%	97181.1%
Solvability		57.79%	20.6%	47.92%	-2.9%	49.34%	38.61%	49.7%
Capacity debt futures		264688.21%	-33.0%	394806.34%	5272.8%	7348.21%	791.53%	33340.1%
Coverage of current assets by net working capital overall		61.06%	15.9%	52.68%	7.3%	49.08%	42.66%	43.1%
General Liquidity		1.26	16.7%	1.08	-15.0%	1.27	0.84	50.0%
Restricted Liquidity		2.38	37.6%	1.73	20.1%	1.44	1.22	95.1%

MANAGEMENT OR ROTATION

		31/12/2009		31/12/2008		31/12/2007	Sector Median2009
Need background in operating working capital		76 days	20.6%	63 days	-24.1%	83 days	49.50 days	53.5%
Treasury		87 days	40.3%	62 days	376.9%	13 days	17 days	411.8%
Inventory turnover of goods		days	-	days	-	days	43 days	-
Average length of credit granted to customers		93 days	-7.0%	100 days	-1.0%	101 days	75 days	24.0%
Average length of credit obtained suppliers		82 days	5.1%	78 days	-1.3%	79 days	71 days	15.5%
Inventory turnover of raw materials in industrial enterprises		507 days	25.5%	404 days	20.6%	335 days	47 days	978.7%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	543 days	-0.9%	548 days	649.50 days	-
Rotation tangible assets		%	-	542.94%	-0.8%	547.59%	666.45%	-

PROFITABILITY OF THE BUSINESS

			31/12/2009		31/12/2008		31/12/2007	Sector Median2009
Margin trading			0%	0%	0%	0%	0	0.23%	0%
Profitability of the business			15.22	17.0%	13.01	239.7%	3.83	4.52%	236.7%
Net profit			9.67%	19.7%	8.08%	414.6%	1.57%	2.26%	327.9%
Growth rate of turnover (excluding VAT)			-18.02%	-4605.0%	0.40%	-94.3%	7.02%	-7.42%	-142.9%
Rates integration			47.90%	16.4%	41.16%	28.5%	32.03%	39.38%	21.6%
Rate leasing furniture			0.12%	9.1%	0.11%	0%	0%	0%	0%
Work Factor			64.30%	-0.4%	64.59%	-22.6%	83.45%	82.81%	-22.4%
Weight interests			0.43	7.5%	0.40%	-41.2%	0.68%	0.29%	48.3%

RETURN ON CAPITAL

		31/12/2009		31/12/2008		31/12/2007	Sector Median2009
Cash flow from the overall profitability		10.84%	15.3%	9.40%	244.3%	2.73%	3.96%	173.7%
Rates of economic profitability		35%	-14.6%	41%	192.9%	14%	15%	133.3%
Financial profitability		16389209%	13.5%	14438068%	15.3%	12521489%	247286%	6527.6%
Return on investment		23.01%	-14.0%	26.77%	233.0%	8.04%	10.46%	120.0%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion 

	31/12/2009		31/12/2008		31/12/2007	Sector Median2009
Turnover	37,378,842	-18.0%	45,592,770	0.4%	45,409,566	1,264,005 €	2857.2%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	0	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	0 €	0%	0 €	1,526 €	0%
	0.00 % CA	0%	0.00 % CA	0%	0.00 % CA	0.31 % CA	0%

Sale of goods produced	37,378,842	-18.0%	45,592,771	0.4%	45,409,566
+/- Stocked production	366,896	731.6%	-58,090	95.0%	-1,173,202
+ Self-constructed assets	456,712	350.8%	101,311	-75.5%	413,524
Period production	38,202,450 €	-16.3%	45,635,992 €	2.2%	44,649,888 €	834,184 €	4479.6%
	102.20 % CA	2.1%	100.09 % CA	1.8%	98.33 % CA	92.79 % CA	10.1%

Trading margin	0	0%	0	0%	0	1,526	0%
+ Period Production	38,202,450	-16.3%	45,635,992	2.2%	44,649,888	834,184	4479.6%
- Purchase of raw materials	4,508,476	-30.1%	6,452,321	-16.3%	7,707,094
+/- Change in stocks of raw materiels	892,822	1622.0%	-58,662	-118.6%	315,940
- Other external purchases and charges	14,898,243	-27.2%	20,475,391	-7.3%	22,080,652
Added value	17,902,909 €	-4.6%	18,766,942 €	29.0%	14,546,202 €	485,946 €	3584.1%
	47.90 % CA	16.4%	41.16 % CA	28.5%	32.03 % CA	39.38 % CA	21.6%

Added value	17,902,909 €	-4.6%	18,766,942 €	29.0%	14,546,202 €	485,946 €	3584.1%
+ Operating grants	3,750	0%	0	0%	0
- Tax, duty and similar payments	708,589	-0.8%	714,543	7.1%	667,021
- Personal charges	11,510,778	-5.0%	12,120,778	-0.2%	12,139,377
Gross operating surplus	5,687,292 €	-4.1%	5,931,621 €	240.9%	1,739,804 €	30,252 €	18699.7%
	15.22 % CA	17.0%	13.01 % CA	239.7%	3.83 % CA	4.52 % CA	236.7%

Gross operating surplus	5,687,292 €	-4.1%	5,931,621 €	240.9%	1,739,804 €	30,252 €	18699.7%
+ Release of reserves and provisions	533,218	-50.4%	1,075,459	9.3%	984,165
+ Other operating income	81,080	-21.5%	103,272	23317.7%	441
- Depreciation/Amortisation	806,059	-50.5%	1,628,290	3.4%	1,574,042
- Other charges	254,021	409.1%	49,893	-50.3%	100,474
Operating result	5,241,510 €	-3.5%	5,432,169 €	417.4%	1,049,894 €	23,469 €	22233.8%
	14.02 % CA	17.7%	11.91 % CA	415.6%	2.31 % CA	2.91 % CA	381.8%

Operating result	5,241,510 €	-3.5%	5,432,169 €	417.4%	1,049,894 €	23,469 €	22233.8%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	302,997	-72.3%	1,094,227	562.3%	165,212
- Financial charges	159,218	-12.1%	181,054	-41.4%	309,065
Pre-tax result	5,385,289 €	-15.1%	6,345,342 €	600.3%	906,041 €	22,808 €	23511.4%
	14.41 % CA	3.5%	13.92 % CA	596.0%	2.00 % CA	2.56 % CA	462.9%

Extraordinary income	62,028	115.2%	28,829	-87.5%	230,567	1,600	3776.8%
- Extraordinary charges	86,624	25.5%	69,000	-66.8%	208,027
Extraordinary result	-24,596 €	38.8%	-40,171 €	-278.2%	22,540 €	0 €	0%
	-0.07 % CA	22.2%	-0.09 % CA	-280.0%	0 % CA	0 % CA	0%

Pre-tax result	5,385,289 €	-15.1%	6,345,342 €	600.3%	906,041 €	22,808 €	23511.4%
Extraordinary result	-24,596 €	38.8%	-40,171 €	-278.2%	22,540 €	0 €	0%
- Employee profit sharing	582,490	-24.5%	771,117	2625.6%	28,292
- Tax on profits	1,165,218	-37.0%	1,848,794	880.9%	188,476
Net result	3,612,985 €	-2.0%	3,685,260 €	417.7%	711,813 €	20,195 €	17790.5%
	9.67 % CA	19.7%	8.08 % CA	414.6%	1.57 % CA	2.26 % CA	327.9%

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	14/02/2008	Monitored stopped since	14/02/2014
Status of Monitoring	Collection of preferential rights for this company has been stopped by the Court

GROUP DATA

Ultimate parent company	ZALKIN EVOLUTION
Direct parent	ZALKIN EVOLUTION - 52 %
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-

GROUP STRUCTURE

Company Name	Safe Number	SIREN	Parts	Rating	Limit	Last account published
ZALKIN EVOLUTION	FR17307108	491217857	-	100	210 000 €	31/12/2013
ETS ANDRE ZALKIN ET CIE	FR11848306	702041682	52%	32	175 000 €	31/12/2009

SHAREHOLDERS

Linkages

Ultimate parent company	ZALKIN EVOLUTION
Direct parent	ZALKIN EVOLUTION - 52 %
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-
No Linkages information available for the company

EVENT HISTORY

Status history

Date	Description
01/07/2013	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
04/01/2015	Bodacc B	Modification et mutation diverse
27 - EURE GREFFE DU TRIBUNAL DE COMMERCE DE BERNAY 448 - 702 041 682 RCS Bernay. ETABLISSEMENTS ANDRE ZALKIN ET CIE. Forme : Société par actions simplifiée. Administration : Président : MARION Michel Commissaire aux comptes titulaire : STE INDEX Commissaire aux comptes titulaire : KPMG AUDIT IS (SAS) Commissaire aux comptes suppléant : HENAULT Evelyne Commissaire aux comptes suppléant : KPMG ID (SAS). Activité : .  Commentaires : Modification survenue sur l'administration.
04/12/2014	JAL	Resignation / Revocation of the social representative
Eure Agricole (L ) Date de décision : 26/09/2014 La société 702041682 - ETS ANDRE ZALKIN ET CIE, ZALKIN, 5 RUE ANDRE ZALKIN, 27390 MONTREUIL L'ARGILLE  Fait l'objet du départ de Madame Catherine ZALKIN, 4 cheminde la Pièce à Samson, 78590, NOISY LE ROI
21/02/2014	Bodacc B	Modification et mutation diverse
27 - EURE GREFFE DU TRIBUNAL DE COMMERCE DE BERNAY 483 - 702 041 682 RCS Bernay. ETABLISSEMENTS ANDRE ZALKIN ET CIE. Forme : Société par actions simplifiée. Administration : Président : MARION Michel Directeur général délégué : ZALKIN Catherine Commissaire aux comptes titulaire : STE INDEX Commissaire aux comptes titulaire : KPMG AUDIT IS (SAS) Commissaire aux comptes suppléant : HENAULT Evelyne Commissaire aux comptes suppléant : KPMG ID (SAS). Activité : .  Commentaires : Modification survenue sur la forme juridique, l'administration.
22/01/2014	JAL	Appointment of the social representative
Démocrate Vernonnais (Le) Date de décision : 07/01/2014 Société faisant l'objet d'une nomination : 702041682 - ETS ANDRE ZALKIN ET CIE, ZALKIN, 27390 MONTREUIL L'ARGILLE  Nominé : Mademoiselle Michel MARION, 76410 ST AUBIN LES ELBEUF En la fonction de : Président Nominé : Madame Catherine ZALKIN, 78590 NOISY LE ROI
11/08/2013	Bodacc B	Modification et mutation diverse
27 - EURE GREFFE DU TRIBUNAL DE COMMERCE DE BERNAY 826 - 702 041 682 RCS Bernay. ETABLISSEMENTS ANDRE ZALKIN ET CIE. Forme : Société anonyme. Activité : . Adresse de l’établissement principal : 5 rue André Zalkin, 27390 Montreuil l'Argille.  Adresse du siège social : 5 rue André Zalkin, 27390 Montreuil l'Argille.  Commentaires : Transfert du siège social, transfert de l'établissement principal.
21/06/2013	JAL	Head Office Transfer
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 06/06/2013 Transfert du siège social de la société 702041682 -  ETS ANDRE ZALKIN ET CIE  Adresse du nouveau siège : 5 ROUTE ANDRE ZALKIN, 27390 MONTREUIL L ARGILLE Ancienne localisation : 34 RUE DES COUDREAUX, NUM VOIE 34A36, 92500 RUEIL MALMAISON Date d'effet : 01/07/2013
13/07/2012	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2854 - 702 041 682 RCS Nanterre. S. A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme : Société anonyme. Administration : Directeur général délégué et administrateur : ZALKIN Catherine modification le 26 Mars 2003 Commissaire aux comptes titulaire : STE INDEX Commissaire aux comptes suppléant : HENAULT Evelyne modification le 04 Novembre 1999 Administrateur : FOWLER PRODUCTS COMPANY représenté par ANDERSON Mark modification le 20 Juillet 2009 Président du conseil d'administration et administrateur : LANIEL Didier modification le 06 Avril 2012 Administrateur : COTNEY III Arnold Donte en fonction le 16 Juillet 2007 Directeur général et administrateur : MARION Michel modification le 03 Mai 2012 Administrateur : BRICOGNE-CUIGNIERES Alain en fonction le 06 Avril 2012 Administrateur et administrateur délégué : LAINE Benoist en fonction le 05 Juillet 2012. Activité : .  Commentaires : Modification de représentant.
26/06/2012	JAL	Appointment of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 14/06/2012 Société faisant l'objet d'une nomination : 702041682 - ETS ANDRE ZALKIN ET CIE, 34 RUE DES COUDREAUX, NUM VOIE 34A36, 92500 RUEIL MALMAISON  Nominé : Monsieur Benoist LAINE, 27300 CAORCHES ST NICOLAS En la fonction de : Administrateur
15/05/2012	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2158 - 702 041 682 RCS Nanterre. S. A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme : Société anonyme. Administration : Directeur général délégué et administrateur : ZALKIN Catherine modification le 26 Mars 2003 Commissaire aux comptes titulaire : STE INDEX Commissaire aux comptes suppléant : HENAULT Evelyne modification le 04 Novembre 1999 Administrateur : FOWLER PRODUCTS COMPANY représenté par ANDERSON Mark modification le 20 Juillet 2009 Président du conseil d'administration et administrateur : LANIEL Didier modification le 06 Avril 2012 Administrateur : COTNEY III Arnold Donte en fonction le 16 Juillet 2007 Directeur général et administrateur : MARION Michel modification le 03 Mai 2012 Administrateur : BRICOGNE-CUIGNIERES Alain en fonction le 06 Avril 2012. Activité : .  Commentaires : Modification de représentant.
25/04/2012	JAL	Appointment of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 19/04/2012 Société faisant l'objet d'une nomination : 702041682 - ETS ANDRE ZALKIN ET CIE, 34 RUE DES COUDREAUX, NUM VOIE 34A36, 92500 RUEIL MALMAISON  Nominé : Monsieur Michel MARION, 76410 ST AUBIN LES ELBEUF En la fonction de : Directeur général
17/04/2012	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1630 - 702 041 682 RCS Nanterre. S. A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme : Société anonyme. Administration : Directeur général délégué et administrateur : ZALKIN Catherine modification le 26 Mars 2003 Commissaire aux comptes titulaire : STE INDEX Commissaire aux comptes suppléant : HENAULT Evelyne modification le 04 Novembre 1999 Administrateur : FOWLER PRODUCTS COMPANY représenté par ANDERSON Mark modification le 20 Juillet 2009 Président du conseil d'administration et administrateur : LANIEL Didier modification le 06 Avril 2012 Administrateur : COTNEY III Arnold Donte en fonction le 16 Juillet 2007 Administrateur : MARION Michel en fonction le 24 Juillet 2008 Administrateur : BRICOGNE-CUIGNIERES Alain en fonction le 06 Avril 2012. Activité : .  Commentaires : Modification de représentant.
03/04/2012	JAL	Appointment of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 23/03/2012 Société faisant l'objet d'une nomination : 702041682 - ETS ANDRE ZALKIN ET CIE, 34 RUE DES COUDREAUX, NUM VOIE 34A36, 92500 RUEIL MALMAISON  Nominé : Monsieur Didier LANIEL, 61120 NEUVILLE SUR TOUQUES En la fonction de : Président du Conseil d'Administration Nominé : Monsieur Alain BRICOGNE-CUIGNIERES, 78260 ACHERES En la fonction de : Administrateur
26/07/2010	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 8835 - 702041682 RCS. S. A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme : Société anonyme. Adresse : 34/36 rue des Coudreaux 92500 Rueil-Malmaison. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
19/07/2009	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 10477 - 702041682 RCS. S. A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme : Société anonyme. Adresse : 34/36 rue des Coudreaux 92500 Rueil-Malmaison. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
01/08/2008	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2941 - 702 041 682 RCS Nanterre. S. A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme : Société anonyme. Administration : Président directeur général : ZALKIN Michel modification le 26 Mars 2003Directeur général délégué et administrateur : ZALKIN Catherine modification le 26 Mars 2003. Commissaire aux comptes titulaire : STE INDEX. Commissaire aux comptes suppléant : HENAULT Evelyne modification le 04 Novembre 1999. Administrateur : FOWLER PRODUCTS COMPANY représenté par PAXTON John modification le 26 Septembre 2006. Administrateur : LANIEL Didier en fonction le 27 Juin 2005. Administrateur : COTNEY III Arnold Donte en fonction le 16 Juillet 2007. Administrateur : MARION Michel en fonction le 24 Juillet 2008.  Commentaires : Modification de représentant.
29/07/2008	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 8225 - 702041682 RCS. S. A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme : Société anonyme. Adresse : 34/36 rue des Coudreaux 92500 Rueil-Malmaison. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
16/03/2008	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 5522 - 702 041 682 RCS Nanterre. S. A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme : Société anonyme. Enseigne : ETS ANDRE ZALKIN ET CIE.Administration : Président directeur général : ZALKIN Michel modification le 26 Mars 2003. Directeur général délégué et administrateur : ZALKIN Catherine modification le 26 Mars 2003. Commissaire aux comptes titulaire : STE INDEX. Commissaire aux comptes suppléant : HENAULT Evelyne modification le 04 Novembre 1999. Administrateur : FOWLER PRODUCTS COMPANY représenté par PAXTON John modification le 26 Septembre 2006. Administrateur : LANIEL Didier en fonction le 27 Juin 2005. Administrateur : COTNEY III Arnold Donte en fonction le 16 Juillet 2007.  Commentaires : Modification de représentant.
30/08/2007	Bodacc C	Avis de dépôt des comptes
6529 - 702 041 682. RCS Nanterre S. A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme: Société anonyme. Adresse du siège social: 34/36 rue des Coudreaux 92500 Rueil-Malmaison. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
09/08/2007	Bodacc B	Modifications et mutations diverses
1467 - RCS Nanterre B 702 041 682. RC 80-B 14386. S.A. ETABLISSEMENTS ANDRE ZALKIN & Cie. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : nomination d'administrateurs : GARCIA (Frédéric) COTNEY III (Arnold, Donte).
19/07/2006	Bodacc C	Avis de dépôt des comptes
5253 - RCS Nanterre B 702 041 682. RC 80-B 14386. S.A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme: S.A. Adresse du siège social: 34/36, rue des Coudreaux,92500 Rueil-Malmaison. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
24/07/2005	Bodacc C	Avis de dépôt des comptes
5241 - RCS Nanterre B 702 041 682. RC 80-B 14386. S.A. ETABLISSEMENTS ANDRE ZALKIN & CIE. Forme: S.A. Adresse du siège social: 34/36, rue des Coudreaux,92500 Rueil-Malmaison. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
12/07/2005	Bodacc B	Modifications et mutations diverses
1735 - RCS Nanterre B 702 041 682. RC 80-B 14386. S.A. ETABLISSEMENTS ANDRE ZALKIN & Cie. Forme : S.A. Nom commercial : Etablissements André Zalkin et Cie. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : ZALKIN, née BRICOGNE-CUIGNIERES (Micheline). Nomination d'un administrateur : LANIEL (Didier).
06/04/2003	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 702041682 RC 80-B 14386 S.A. ETABLISSEMENTS ANDRE ZALKIN & C i e. Forme : S.A Nom commercial: Etablissements André Zalkin et C ie$i. Commentaires : modification survenue sur l'administration. Administration : modification du P.-D.G. : ZALKIN ( Michel). Modification d'un directeur général délégué et administrateur : ZALKIN (Catherine).
23/10/2001	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 702041682 RC 80-B 14386 S.A. ETABLISSEMENTS ANDRE ZALKIN & COMPAGNIE. Forme : S.A. Capital : 8 000 000 d'euros Nom commercial: Etablissements André Zalkin et C i e. Commentaires : modification survenue sur le capital ( augmentation).
24/11/1999	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 702041682 RC 80-B 14386 S.A. ETABLISSEMENTS ANDRE ZALKIN & COMPAGNIE. Forme : S.A Nom commercial: Ets André Zalkin et Cie. Commentaires : modification survenue sur l' administration. Administration : modification du directeur général et administrateur : ZALKIN (Catherine). Nomination d'un administrateur : FOWLER PRODUCTS COMPAGNY. Modification du commissaire aux comptes suppléant : HENAULT (Evelyne).

Company events history

Date	Description
04/01/2015	Bodacc B: Various editing or changing
03/01/2015
03/01/2015	Update Limit
12/12/2014	Update Limit
12/12/2014
09/12/2014	Amendment
04/12/2014	Legal Gazette: Resignation / Revocation of the social representative
04/11/2014	Amendment
04/11/2014	New closing date
04/11/2014	Updated articles of association
17/07/2014
17/07/2014	Update Limit
15/07/2014	Application and court order
15/07/2014	Extension of term
21/02/2014	Bodacc B: Various editing or changing
14/02/2014	Collection of preferential rights for this company has been stopped by the Court
08/02/2014	New ultimate parent
07/02/2014	New parent detected
24/01/2014
24/01/2014	Update Limit
22/01/2014	New closing date
22/01/2014	Amendment
22/01/2014	Audit or Management Report
22/01/2014	New legal form – new category
22/01/2014	Minutes of general meeting of shareholders
22/01/2014	Updated articles of association
12/01/2014
12/01/2014	Update Limit
07/01/2014	Modification to Company Identifier
07/01/2014	Update of Company Legal Form
07/01/2014	Legal Gazette: Appointment of the social representative
19/10/2013
19/10/2013	Update Limit
11/08/2013	Bodacc B: Various editing or changing
10/07/2013	Minutes of general meeting of shareholders
10/07/2013	Updated articles of association
10/07/2013	Registered office transferred inside jurisdiction of the Commercial Court
01/07/2013	Transfer of Establishment
01/07/2013	Update of Company Head Office Identifier
21/06/2013	Legal Gazette: Head Office Transfer
13/07/2012	Bodacc B: Various editing or changing
05/07/2012	Minutes of general meeting of shareholders
05/07/2012	Updated articles of association
05/07/2012	Changes to the Board of Directors
14/06/2012	Legal Gazette: Appointment of the social representative
15/05/2012	Bodacc B: Various editing or changing
03/05/2012	Amendment
03/05/2012	Changes to the Board of Directors
19/04/2012	Legal Gazette: Appointment of the social representative
17/04/2012	Bodacc B: Various editing or changing
06/04/2012	Changes to the Board of Directors
06/04/2012	New chairman (CEO, CoB)
06/04/2012	Amendment
23/03/2012	Legal Gazette: Appointment of the social representative
07/07/2011	Statuts mis à jour
07/07/2011	Amendment
07/07/2011	Acte modificatif
07/07/2011	Updated articles of association
26/07/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
20/07/2009	Amendment
20/07/2009	Nomination/démission des organes de gestion
20/07/2009	Appointment/resignation of company officers
20/07/2009	Private document
19/07/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
01/08/2008	New Bodacc B ads detected
01/08/2008	Bodacc B: Various editing or changing
29/07/2008	Bodacc C : Deposit accounts notice
24/07/2008	Modification du Conseil d'Administration
24/07/2008	Changes to the Board of Directors
24/07/2008	Appointment/resignation of company officers
24/07/2008	Private document
24/07/2008	PV d'Assemblée
24/07/2008	Minutes of general meeting of shareholders
16/03/2008	Bodacc B: Various editing or changing
16/03/2008	New Bodacc B ads detected
12/03/2008	Private document
12/03/2008	Modification du Conseil d'Administration
12/03/2008	Appointment/resignation of company officers
12/03/2008	Changes to the Board of Directors
14/02/2008	Collection of preferential rights activated for this company
31/12/2007	New accounts available
16/07/2007	Changes to the Board of Directors
16/07/2007	Statuts mis à jour
16/07/2007	Updated articles of association
16/07/2007	Minutes of general meeting of shareholders
16/07/2007	PV d'Assemblée
16/07/2007	Private document
16/07/2007	Modification du Conseil d'Administration
16/07/2007	Appointment/resignation of company officers
31/12/2006	New accounts available
01/08/2006	PV du Conseil d'Administration
01/08/2006	Private document
01/08/2006	Acte sous seing privé
01/08/2006	Nomination/démission des organes de gestion
01/08/2006	Amendment
01/08/2006	Acte modificatif
01/08/2006	Minutes of Board meeting
31/12/2005	New accounts available
27/06/2005	PV d'Assemblée
27/06/2005	Nomination/démission des organes de gestion
27/06/2005	Appointment/resignation of company officers
27/06/2005	Private document
27/06/2005	Acte sous seing privé
27/06/2005	Modification du Conseil d'Administration
27/06/2005	Changes to the Board of Directors
27/06/2005	Minutes of general meeting of shareholders
31/12/2004	New accounts available
31/12/2003	New accounts available
26/03/2003	PV du Conseil d'Administration
26/03/2003	Statuts mis à jour
26/03/2003	Acte modificatif
26/03/2003	PV d'Assemblée
26/03/2003	Acte sous seing privé
10/10/2001	Augmentation de Capital
10/10/2001	Acte sous seing privé
10/10/2001	Conversion du Capital Social en Euros
10/10/2001	PV d'Assemblée
10/10/2001	Statuts mis à jour
04/11/1999	Changement de Commissaire aux Comptes
04/11/1999	Acte sous seing privé
04/11/1999	PV d'Assemblée
04/11/1999	Nomination/démission des organes de gestion
04/11/1999	Modification du Conseil d'Administration
20/09/1994	Statuts mis à jour
20/09/1994	Acte modificatif
20/09/1994	Augmentation de Capital
20/09/1994	PV d'Assemblée

ESTABLISHMENT EVENTS HISTORY

Date	Description
29/03/2014	Update of phone numbers
09/02/2014
06/02/2014
24/01/2014
07/01/2014	Update of Establishment Address
07/01/2014	Modification of Head office Identification
01/07/2013	Modification of Head office (after transfer)

DIRECTORS

Name	M. MARION MICHEL
Manager position	President	Date of birth	07/04/1958
Place of birth	BESANCON (25)
Type	Individual	Name at birth

PREVIOUS DIRECTORS

View the directors history for this company
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Manager position	Title and name	Date of Birth/Place of Birth
Chairman of the Board	M DIDIER LANIEL	8/8/1957 - STE ADRESSE
Chairman of the Board	M DIDIER LANIEL	8/8/1957 - STE ADRESSE (76)
Managing director	M MICHEL MARION	4/7/1958 - BESANCON
Managing director	M MICHEL MARION	4/7/1958 - BESANCON (25)
Delegated managing director	Mme CATHERINE ZALKIN	4/10/1951 - ST CLOUD
Delegated managing director	Mme CATHERINE ZALKIN	4/10/1951 - ST CLOUD (92)
Administrator	M ALAIN BRICOGNE-CUIGNIERES	5/4/1958 - PONT STE MAXENCE
Administrator	M ALAIN BRICOGNE-CUIGNIERES	5/4/1958 - PONT STE MAXENCE (60)
Administrator	COTNEY III ARNOLD DONTE	- - -
Administrator	M ARNOLD COTNEY III	- - -
Administrator	M ARNOLD DONTE COTNEY III	2/15/1946 - ALABAMA(ETATS-UNIS D'AMERIQUE)
Administrator	FOWLER PRODUCTS COMPANY	- - -
Administrator	FOWLER PRODUCTS COMPANY	- - -
Administrator	FOWLER PRODUCTS COMPANY	6/15/1963 - NEBRASKA(ETATS-UNIS D'AMERIQUE)
Administrator	M FREDERIC GARCIA	- - -
Administrator	M BENOIST LAINE	8/3/1962 - BERNAY
Administrator	M BENOIST LAINE	8/3/1962 - BERNAY (27)
Administrator	M DIDIER LANIEL	8/8/1957 - STE ADRESSE
Administrator	M DIDIER LANIEL	8/8/1957 - STE ADRESSE (76)
Administrator	M MICHEL MARION	4/7/1958 - BESANCON
Administrator	M MICHEL MARION	4/7/1958 - BESANCON (25)
Administrator	Mme CATHERINE ZALKIN	4/10/1951 - ST CLOUD
Administrator	Mme CATHERINE ZALKIN	4/10/1951 - ST CLOUD (92)
Delegated administrator	M BENOIST LAINE	8/3/1962 - BERNAY

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.50
UK Pound	1	Rs.92.16
Euro	1	Rs.69.62

INFORMATION DETAILS

Analysis Done by :	SUB
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.