MIRA INFORM REPORT

 

 

Report No. :

333341

Report Date :

25.07.2015

 

IDENTIFICATION DETAILS

 

Name :

GASCOGNE PAPIER

 

 

Registered Office :

BP 8 40201 Mimizan Cedex

 

 

Country :

France

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

February 1986

 

 

Com. Reg. No.:

334 612 967

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Manufacture of Paper and Paperboard

 

 

No. of Employees :

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 :

No Complaints

 

 

Litigation :

Clear

 

 

NOTES:

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

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

 

 

FRANCE - ECONOMIC OVERVIEW

 

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With more than 84 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP increased by 0.4% in 2014. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.4% in the fourth quarter of 2014. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 24.3% in the fourth quarter of 2014. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4% of GDP in 2014, while France's public debt rose from 68% of GDP to more than 95% in 2014, and may hit 100% by 2016. Elected on a conventionally leftist platform, President Francois HOLLANDE surprised and angered many supporters with a January 2014 speech announcing a sharp change in his economic policy, recasting himself as a liberalizing reformer. The government's budget for 2014 shifted the balance of fiscal consolidation from taxes to a total of $24 billion in spending cuts. In December 2014, HOLLANDE announced additional reforms, including a plan to extend commercial business hours, liberalize professional services, and sell off $6.2-12.4 billion in state owned assets. France’s tax burden remains well above the EU average and income tax cuts over the past decade are being partly reversed, particularly for higher earners. The top rate of income tax is 41%. The government is allowing a 75% payroll tax on salaries over $1.24 million to lapse.

 

Source : CIA

 

 

Company Summery

 

SIRET

334 612 967 00011

Name

GASCOGNE PAPIER

Acronym

-

Trade name

PAPETERIES DE GASCOGNE - DIRECTION COMMERCIALE

Status

Economically active

Postal Address

GASCOGNE PAPER
GASCOGNE PAPER
RUE DE LA PAPETERIE
BP 8
40201 MIMIZAN CEDEX

Share Capital

5,000,000 Euros

Incorporation Date

02/1986

Activity (APE)

Manufacture of Paper and Paperboard (1712Z)

RCS Registration

RCS Mont-de-Marsan B 334 612 967

Formation Date

01/1986

EUR VAT Number

FR75334612967

Deregistration Date

-

Last account Date

31/12/2014

Court Registry Number

19 8 6B00015

Telephone

05 58 09 90 00

Registration Court

Mont-de-Marsan (40)

Fax

-

Nationality

France

 

Legal form

Simplified joint stock company

Currency

Euros

 

 

Key Financials

 

YEAR TO DATE

TURNOVER

GROSS OPERATING SURPLUS

SHAREHOLDER'S EQUITY

NET RESULT

EMPLOYEES

31/12/2014

124,017,239 €

3.77% Turnover

15,120,032 €

4,301,387 €

250 to 499 employees

31/12/2012

130,066,010 €

4.35% Turnover

-5,624,914 €

-32,976,489 €

-

31/12/2010

110,520,384 €

5.99% Turnover

25,208,057 €

-232,359 €

-

 

 

 

Ultimate Holding Company

 

Name

Country

Company Number

ATTIS 2

801345372

Affiliation links.

 

 

Directors

 

Current Directors

1

 

 

Preferential Right

 

Last published Judgment

12/11/2014

 

No social security and tax office preferential right to date

 

 

Payment Information Summary – Trade Payment Data

 

Total number of Invoices available

23

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 dues date

16

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

 

 

Trends

 

Profitability

Liquidity

Net Worth

 

 

Establishment Details

 

Type of Establishment

Head Office

Production Role

-

APE/NAF Code

1712Z

Activity

Manufacture of Paper and Paperboard

Formation Date

01/1986

Reason for Formation

Formation

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

Other

Trading Address

RUE DE LA PAPETERIE 
40200 MIMIZAN

Department

Landes (40)

Location Surface

-

District

2

City

MIMIZAN

Status

Economically active

Business Pages FT®

FABRICATION DE PAPIERS D'EMBALLAGE

Region

Aquitaine

Area

10

Size of Urban Area

-

 

 

Ultimate Parent(s)

 

1 ultimate parent company/companies for this company

 

Company Name

Activity (APE)

APE/NAF Code

City

Post Code

ATTIS 2

Activités des sociétés holding

6420Z

LE SEN

40420

Other Establishment(s)

Regionality

Legal unit with all establishments in same area

Mono-activity status

Legal unit having all establishments with the same main activity

Branches

1 branch entities in this company

 

Company Name

Company Type

APE/NAF Code

Activity

City

Post Code

GASCOGNE PAPIER

Head Office

1712Z

Manufacture of Paper and Paperboard

MIMIZAN

40200

GASCOGNE PAPIER

Branch

1712Z

Manufacture of Paper and Paperboard

MERIGNAC

33700

 

 

Workforces

 

Workforce at address

250 to 499 employees

Company workforce

250 to 499 employees

 

 

Commentary

 

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.

 

The increase in the gearing percentage over the last two accounting periods is 107 %

 

The decrease of tangible fixed assets over the last two accounting periods is 62 %

 

The stock to turnover ratio is 17.55

 

The return on total assets employed is 7.18

 

The creditor days are 65.16

 

The ratio total assets to total liabilities is 1.37

 

The sales to current assets ratio is 3.08

 

The company has 1 director(s)

 

Department code with low risk rating

 

Industry code with low risk rating

 

Low risk workforce size

 

The total assets are 58,907,936 €

 

The risk provisions are 4,548,101 €

 

The pre-tax profit is 4,232,296 €

 

The net turnover is 124,017,239 €

 

The net current assets are 40,254,561 €

 

The liabilities are 38,485,234 €

 

The shareholder's equity is 15,120,032 €

 

 

 

Industry comparison

 

Activity (APE)

Manufacture of Paper and Paperboard (1712Z)

Industry average credit rating

40

Industry average credit limit

213,924

 

 

Collective procedures

 

Courts

No recent judgment publication in court sources for the company

Rncs

No recent judgment publication in rncs sources for the company

Bodacc

Judgment

Homologation of Legal Settlement

Effective date

12/11/2014

Court

Mont-de-Marsan

Parution date from Gazette

25/11/2014

Extrait de jugement

Jugement d'homologation de l'accord

Jugement d'homologation de l'accord intervenu dans la procédure de conciliation. Le jugement est déposé au greffe où tout intéressé peut en prendre connaissance.

Judgment

Homologation of Legal Settlement

Effective date

17/06/2014

Court

Mont-de-Marsan

Parution date from Gazette

24/06/2014

Extrait de jugement

Jugement d'homologation de l'accord

Jugement d'homologation de l'accord intervenu dans la procédure de conciliation. Le jugement est déposé au greffe où tout intéressé peut en prendre connaissance.

 

 

Other sources

 

No recent judgment publication in other sources for the company

 

 

Preferential rights details and history

 

Summary of preferential rights

 

Company monitored since

07/05/2008

Status of Monitoring

No social security and tax office preferential right to date

 

 

Group Data

 

Ultimate parent company

ATTIS 2

Direct parent

GASCOGNE - 100 %

Group – Number of companies

24

Linkages – Number of companies

-

Number of countries

-

 

NAME

SIREN

PARTS

LAST ACCOUNT PUBLISHED

1

ATTIS 2

801345372

-

-

2

GASCOGNE

895750412

70.60 %

31/12/2011

3

AQUITAINE CREATION INVESTISSEMENT

417782257

1.30 %

30/06/2014

GASCOGNE SACK DEUTSCHLAND GMBH

-

10 %

-

GASCOGNE LAMINATES SWITZERLAND

-

100 %

-

3

GASCOGNE DEUTSCHLAND GMBH

HRB 120396

100 %

31/12/2013

4

GASCOGNE SACK DEUTSCHLAND GMBH

HRB 120055

90 %

31/12/2013

GASCOGNE PAPER GERMANY GMBH

HRB 1009

100 %

31/12/2011

AIGIS

-

100 %

-

LANDES EMBALLAGES

389613498

100 %

31/12/2014

GASCOGNE HABITAT BOIS

421228701

100 %

31/12/2013

GASCOGNE SACK TUNISIA

-

100 %

-

3

GASCOGNE SACS

493467989

100 %

31/12/2013

4

SACCHIFICIO VENETO SOCIETA' PER AZIONI

VR88554

40 %

31/12/2013

3

GASCOGNE PAPIER

334612967

100 %

31/12/2014

4

GASCOGNE SPAIN

645289

100 %

31/12/2013

4

GASCOGNE USA

-

100 %

-

5

KDM

-

100 %

-

FEUTRES DEPLAND

760500587

100 %

31/12/2014

GASCOGNE ITALIA

-

51 %

-

3

GASCOGNE FLEXIBLE

312757347

100 %

31/12/2014

4

GASCOGNE FLEXIBLE GERMANY GMBH

HRB 3891

100 %

31/12/2013

3

GASCOGNE BOIS

501719413

100 %

31/12/2013

4

GASCOGNE ALL WOOD SPRL

425608482

99.33 %

31/12/2013

SCIERIES DES LANDES DE GASCOGNE

501611206

19.75 %

30/09/2014

GASCOGNE WOOD PRODUCTS IBERICA

4145921

100 %

-

KRIS DUFF MANAGEMENT

-

100 %

-

SOCIETE DE DEVELOPPEMENT DE L'ECONOMIE FORESTIERE

389416157

0.40 %

30/06/2014

 

 

Linkages

 

No Linkages information available for the company.

 

 

Shareholder(s)

 

Name

GASCOGNE

Name of representative

Manager position

President

Date of birth

-

Place of birth

Type

Moral person

Name at birth

 

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

President

M. TASSEL OLIVIER

31/07/1959 - BOULOGNE BILLANCOURT

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

04/06/2015

Bodacc C

Comptes annuels et rapports

40 - LANDES

GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

4761 - 334612967 RCS. GASCOGNE PAPIER. Forme : Société par actions simplifiée. Adresse : Quartier de Bel Air 40200 Mimizan. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2014.

08/02/2015

Bodacc B

Modification et mutation diverse

40 - LANDES

GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

746 - 334 612 967 RCS Mont-de-Marsan. GASCOGNE PAPIER. Forme : Société par actions simplifiée. Activité : . 
Commentaires : Modification survenue sur la dénomination.

27/01/2015

Bodacc B

Modification et mutation diverse

40 - LANDES

GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

1126 - 334 612 967 RCS Mont-de-Marsan. GASCOGNE PAPER. Forme : Société par actions simplifiée. Capital : 5000000 EUR. Activité : . 
Commentaires : Modification survenue sur le capital.

14/01/2015

JAL

Continuation of activity in spite of stockholders' equity become lower in the middle of the share capital

Vie économique du sud ouest (La)


Date de décision : 19/12/2014 
Poursuite d'activité malgré des fonds propres devenus inférieurs à la moitié du capital social de la société 334612967 -  GASCOGNE PAPER, RUE DE LA PAPETERIE, BP 8, 40200 MIMIZAN 
Date d'effet : 19/12/2014

25/11/2014

Bodacc A

Extrait de jugement

40 - LANDES

TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

1722 - Date : 12 novembre 2014. Jugement d'homologation de l'accord. 334 612 967 RCS Mont-de-Marsan. 
GASCOGNE PAPER. Forme : Société par actions simplifiée. Activité : Manufacture of Paper and Paperboard. Adresse : Quartier de Bel Air, 40200 Mimizan. 
Complément de jugement : Jugement d'homologation de l'accord intervenu dans la procédure de conciliation. Le jugement est déposé au greffe où tout intéressé peut en prendre connaissance.

26/10/2014

Bodacc B

Modification et mutation diverse

40 - LANDES

GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

562 - 334 612 967 RCS Mont-de-Marsan. GASCOGNE PAPER. Forme : Société par actions simplifiée. Administration : Président : GASCOGNE (SACA) Commissaire aux comptes titulaire : KPMG AUDIT Commissaire aux comptes suppléant : CAMI Edouard. Activité : . 
Commentaires : Modification survenue sur l'administration.

08/10/2014

JAL

Resignation / Revocation of the social representative

Vie économique du sud ouest (La)


Date de décision : 23/09/2014
La société 334612967 - GASCOGNE PAPER, RUE DE LA PAPETERIE, BP 8, 40200 MIMIZAN 
Fait l'objet du départ de Monsieur Olivier TASSEL

08/10/2014

JAL

Appointment of the social representative

Vie économique du sud ouest (La)


Date de décision : 23/09/2014
Société faisant l'objet d'une nomination : 334612967 - GASCOGNE PAPER, RUE DE LA PAPETERIE, BP 8, 40200 MIMIZAN 
Nominé : Non renseignée GASCOGNE SA
En la fonction de : Président

16/07/2014

Bodacc C

Comptes annuels et rapports

40 - LANDES

GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

4968 - 334612967 RCS. GASCOGNE PAPER. Forme : Société par actions simplifiée. Adresse : Quartier de Bel Air 40200 Mimizan. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

24/06/2014

Bodacc A

Extrait de jugement

40 - LANDES

TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

1956 - Date : 17 juin 2014. Jugement d'homologation de l'accord. 334 612 967 RCS Mont-de-Marsan. 
GASCOGNE PAPER. Forme : Société par actions simplifiée. Activité : Manufacture of Paper and Paperboard. Adresse : Quartier de Bel Air, 40200 Mimizan. 
Complément de jugement : Jugement d'homologation de l'accord intervenu dans la procédure de conciliation. Le jugement est déposé au greffe où tout intéressé peut en prendre connaissance.

09/08/2013

Bodacc C

Comptes annuels et rapports

40 - LANDES

GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

6819 - 334612967 RCS. GASCOGNE PAPER. Forme : Société par actions simplifiée. Adresse : Quartier de Bel Air 40200 Mimizan. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.

20/08/2012

Bodacc C

Comptes annuels et rapports

40 - LANDES

GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

4761 - 334612967 RCS. GASCOGNE PAPER. Forme : Société par actions simplifiée. Adresse : Quartier de Bel Air 40200 Mimizan. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.

09/09/2010

Bodacc C

Comptes annuels et rapports

40 - LANDES

GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

3610 - 334612967 RCS. GASCOGNE PAPER. Forme : Société par actions simplifiée. Adresse : Quartier de Bel Air 40200 Mimizan. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

26/08/2009

Bodacc C

Comptes annuels et rapports

40 - LANDES

GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

7153 - 334612967 RCS. GASCOGNE PAPER. Forme : Société par actions simplifiée. Adresse : Quartier de Bel Air 40200 Mimizan. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

19/08/2008

Bodacc C

Comptes annuels et rapports

40 - LANDES

GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN

4712 - 334612967 RCS. GASCOGNE PAPER. Forme : Société par actions simplifiée. Adresse : Quartier de Bel Air, 40200 Mimizan. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

08/10/2007

Bodacc C

Avis de dépôt des comptes

7860 - 334 612 967. RCS Mont-de-Marsan GASCOGNE PAPER. Forme: Société par actions simplifiée. Adresse du siège social: Quartier de Bel Air, 40200 Mimizan. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

03/06/2007

Bodacc B

Modifications et mutations diverses

892 - RCS Mont-de-Marsan B 334 612 967. RC 86-B 15. GASCOGNE PAPER. Forme : S.A.S. Nom commercial : Gascogne Paper. Adresse du siège social : quartier de Bel Air,, 40200 Commentaires : modification survenue sur la dénomination et le nom commercial. Date d'effet : 7 février 2007.

12/10/2006

Bodacc C

Avis de dépôt des comptes

2048 - RCS Mont-de-Marsan B 334 612 967. RC 86-B 15. PAPETERIES DE GASCOGNE. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: quartier de Bel Air,40200 Mimizan. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

14/07/2006

Bodacc B

Modifications et mutations diverses

1207 - RCS Mont-de-Marsan B 334 612 967. RC 86-B 15. PAPETERIES DE GASCOGNE. Forme : S.A.S. Nom commercial : Gascogne Paper. Adresse du siège social : quartier de Bel-Air,, 40200 Commentaires : modification survenue sur le nom commercial. Date d'effet : 6 juin 2006.

30/07/2005

Bodacc C

Avis de dépôt des comptes

3624 - RCS Mont-de-Marsan B 334 612 967. RC 86-B 15. PAPETERIES DE GASCOGNE. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: quartier de Bel Air,40200 Mimizan. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

26/07/2005

Bodacc B

Modifications et mutations diverses

679 - RCS Mont-de-Marsan B 334 612 967. RC 86-B 15. PAPETERIES DE GASCOGNE. Forme : S.A.S. Adresse du siège social : quartier de Bel-Air,, 40200 Commentaires : modification survenue sur l'administration. Administration : président : TASSEL (Olivier, Paul) (Nom d'usage : TASSEL). Commissaire aux comptes titulaire : K.P.M.G. AUDIT. Commissaire aux comptes suppléant : CAMI (Edouard) (Nom d'usage : CAMI). Date d'effet : 6 juin 2005.

29/12/2002

Bodacc B

Modifications et mutations diverses

RCS Mont-de-Marsan B 334612967 RC 86-B 15 PAPETERIES DE GASCOGNE. Forme : S.A.S. Capital : 16 000 000 d'euros. Adresse du siège social : quartier de Bel-Air, 40200 Mimizan. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : président : SEMBRES ( Guy, Michel) ( Nom d'usage : SEMBRES). Commissaire aux comptes titulaire : K.P. M.G. AUDIT. Commissaire aux comptes suppléant : CAMI (Edouard) ( Nom d' usage : CAMI). Date d'effet : 25 novembre 2002.

16/11/2001

Bodacc B

Modifications et mutations diverses

RCS Mont-de-Marsan B 334612967 RC 86-B 15 PAPETERIES DE GASCOGNE. Forme : S.A. Capital : 16 000 000 d'euros. Adresse du siège social : quartier de Bel-Air, 40200 Mimizan. Commentaires : modification survenue sur l' administration. Administration : administrateurs : DESARMEAUX (Paul) ( Nom d'usage : DESARMEAUX) BLANC ( Philippe) ( Nom d'usage : BLANC) S.A. GASCOGNE, représentée par VIZIOZ (Bruno) ( Nom d'usage : VIZIOZ) ROUX DE LUZE (Michel) ( Nom d'usage : ROUX DE LUZE). P.-D.G. : SEMBRES (Guy, Michel) ( Nom d' usage : SEMBRES). Commissaire aux comptes titulaire : K.P.M.G. AUDIT. Commissaire aux comptes suppléant : CAMI (Edouard) ( Nom d'usage : CAMI). Date d'effet : 28 septembre 2001.

16/08/2001

Bodacc B

Modifications et mutations diverses

RCS Mont-de-Marsan B 334612967 RC 86-B 15 PAPETERIES DE GASCOGNE. Forme : S.A. Capital : 16 000 000 d'euros. Adresse du siège social : quartier de Bel-Air, 40200 Mimizan. Commentaires : modification survenue sur le capital ( augmentation et conversion en euros) et l'administration. Administration : administrateurs : DESARMEAUX (Paul) ( Nom d'usage : DESARMEAUX) BLANC ( Philippe) ( Nom d'usage : BLANC) S.A. GASCOGNE, représentée par VIZIOZ (Bruno) ( Nom d'usage : VIZIOZ) ROUX DE LUZE (Michel) ( Nom d'usage : ROUX DE LUZE). Président : DURAND (Dominique) ( Nom d' usage : DURAND). Commissaire aux comptes titulaire : K.P.M.G. AUDIT. Commissaire aux comptes suppléant : CAMI (Edouard) ( Nom d'usage : CAMI). Date d'effet : 18 mai 2001.

03/09/1998

Bodacc B

Modifications et mutations diverses

RCS Mont-de-Marsan B 334 612 967 RC 86- B 15 PAPETERIES DE GASCOGNE. Forme : S.A. Capital : 100 000 000 de F (fixe). Adresse du siège social : 40200 Mimizan. Administration : ancien commissaire aux comptes titulaire : VASSEUR (Hubert) nouveau commissaire aux comptes titulaire : SOCIETE K.P.M.G. AUDIT à Mérignac ancien commissaire aux comptes suppléant : STABILE (Thomas) nouveau commissaire aux comptes suppléant : CAMI (Edouard) à compter du: 14 mai 1998 Changement du représentant permanent de la S.A. GASCOGNE : ancien : FRIONNET (Emmanuel), nouveau : VIZIOZ ( Bruno). Date d'effet : 19 mars 1998.

09/03/1996

Bodacc A

Création d'établissement

RCS Mont-de-Marsan B 334 612 967 RC 86- B 15 PAPETERIES DE GASCOGNE. Forme : S.A. Capital : 100 000 000 de F (fixe). Adresse du siège social : 40200 Mimizan Fonds précédemment exploité en location- gérance acquis par achat au prix stipulé de : 327 110 F Etablissement principal: Adresse : 40200 Mimizan. Activité : négoce de papiers. Date d'effet : 1er janvier 1995 Précédente exploitante SOCIETE S.A. GALERNE. RCS non inscrite. Publication légale: Juris Consult du 20 décembre 1995. Oppositions : au siège du fonds vendu.

29/11/1995

Bodacc B

Modifications et mutations diverses

RCS Mont-de-Marsan B 334 612 967 RC 86- B 15 PAPETERIES DE GASCOGNE. Forme : S.A. Capital : 100 000 000 de F (fixe). Adresse du siège social : 40200 Mimizan. Administration : changement de représentant permanent de la S.A. GASCOGNE, administrateur : ancien : ROUSSET (Pierre), nouveau : FRIONNET ( Emmanuel). Date d'effet : 1er aout 1995.

05/02/1995

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Mont-de-Marsan B 334 612 967 RC 86-B 15 PAPETERIES DE GASCOGNE. Forme : S.A. Capital : 58 571 900 F (fixe). Adresse : 40200 Mimizan Nouvelle situation du siège social. Capital : 100 000 000 de F. Date d'effet : 26 novembre 1994.

 

 

Synthesized Accounts

 

Annual Accounts

 

31/12/2014

31/12/2012

31/12/2010

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

27/05/2015

02/04/2015

14/09/2011

Activity Code

1712Z

1712Z

1712Z

Employees

460

479

471

 

 

Active account

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

18,601,919

-53.9 %

40,323,978

-40.6 %

67,931,981

1,501,271

1139.1 %

 Intangible assets

609,937

-67.2 %

1,857,810

7.7 %

1,725,041

11,823

5058.9 %

 Tangible assets

12,785,973

-61.8 %

33,470,087

-44.2 %

59,957,588

1,282,065

897.3 %

 Financial assets

5,206,005

4.2 %

4,996,080

-20.1 %

6,249,352

23,011

22524.0 %

Net current assets

40,254,561

10.5 %

36,428,676

1.5 %

35,888,768

4,861,893

728.0 %

 Stocks

21,760,652

-0.2 %

21,794,822

14.1 %

19,099,353

1,521,358

1330.3 %

 Advanced payments

0

0%

480

-99.8 %

201,353

0

0%

 Receivables

17,582,917

22.4 %

14,368,721

-10.0 %

15,964,629

1,877,445

836.5 %

 Securities and cash

910,993

244.2 %

264,655

-57.5 %

623,433

128,784

607.4 %

 Prepaid expenses

-

-

-

-

-

3,978

-

Accounts of regularization

51,456

-52.3 %

107,838

42.2 %

75,854

0

0%

Total Assets

58,907,936

-23.4 %

76,860,492

-26.0 %

103,896,604

5,713,203

931.1 %

 

 

Passive Account

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Shareholders' equity

15,120,032

368.8 %

-5,624,914

-122.3 %

25,208,057

1,982,060

662.8 %

Share capital

5,000,000

-68.8 %

16,000,000

0%

16,000,000

500,000

900.0 %

Other capital resources

716,733

70.3 %

420,793

-12.3 %

480,000

0

0%

Risk Provisions

4,548,101

-26.6 %

6,196,422

29.4 %

4,787,363

86,929

5132.0 %

Liabilities

38,485,234

-49.3 %

75,862,824

3.3 %

73,408,813

6,628,954

480.6 %

 Financial liabilities

3,922,130

-89.8 %

38,485,821

-12.8 %

44,158,727

454,382

763.2 %

 Advanced payments received

0

0%

0

0%

0

0

0%

 Trade account payables

22,140,742

-7.2 %

23,868,266

19.7 %

19,932,410

1,487,370

1388.6 %

 Tax and social liabilities

9,421,428

-19.7 %

11,730,174

61.8 %

7,247,827

788,813

1094.4 %

 Other debts and fixed assets liabilities

2,397,271

34.4 %

1,783,931

-9.5 %

1,971,236

210,000

1041.6 %

Account regularization

641,499

0%

0

0%

110,985

0

0%

Total liabilities

58,907,931

-23.4 %

76,860,493

-26.0 %

103,896,604

5,713,203

931.1 %

 

 

Results

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Sales of Goods

130,528,519

-3.7 %

135,570,601

18.7 %

114,189,831

13,813,766

844.9 %

Net turnover

124,017,239

-4.7 %

130,066,010

17.7 %

110,520,384

12,994,031

854.4 %

 of which net export turnover

69,674,953

3.8 %

67,097,086

15.6 %

58,054,764

1,695,553

4009.3 %

Operating charges

126,355,904

-6.6 %

135,251,597

21.1 %

111,713,008

13,741,908

819.5 %

Operating profit/loss

4,172,615

1208.0 %

319,004

-87.1 %

2,476,823

188,420

2114.5 %

Financial income

442,037

63.4 %

270,478

-43.7 %

480,605

18,176

2332.0 %

Financial charges

4,038,999

-8.0 %

4,389,824

53.3 %

2,863,860

51,551

7735.0 %

Financial profit/loss

-3,596,962

12.7 %

-4,119,346

-72.8 %

-2,383,255

-25,066

-14250.0 %

Pretax net operating income

575,653

115.1 %

-3,800,342

-4161.6 %

93,568

40,878

1308.2 %

Extraordinary income

11,249,338

1434.5 %

733,113

97.1 %

371,962

148,121

7494.7 %

Extraordinary charges

7,592,695

-74.7 %

30,047,974

3297.1 %

884,529

209,076

3531.5 %

Extraordinary profit/loss

3,656,643

112.5 %

-29,314,861

-5619.2 %

-512,567

-34

10754932.4 %

Net result

4,301,387

113.0 %

-32,976,489

-14092.0 %

-232,359

193,805

2119.4 %

 

 

Accounts – Active

 

Normal Account

 

31/12/2014

31/12/2012

31/12/2010

Months

12

12

12

 

 

Grand Total - Active Accounts (I to VI)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Grand Total (I to VI)

Net

58,907,936

-23.4 %

76,860,492

-26.0 %

103,896,604

Gross

CO

288,144,270

7.3 %

268,487,165

4.7 %

256,339,800

Amortisation

1A

229,236,334

19.6 %

191,626,673

25.7 %

152,443,196

 

Non declared distributed capital (I)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

0

0%

0

0%

0

 

 

Active fixed asset (II)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total Active fixed asset (II)

Net

18,601,919

-53.9 %

40,323,978

-40.6 %

67,931,981

Gross

BJ

244,263,429

6.8 %

228,685,520

5.3 %

217,128,059

Amortisation

BK

225,661,510

19.8 %

188,361,542

26.3 %

149,196,078

 

 

 

 

Intangible fixed assets

 

31/12/2014

Variation

31/12/2012

Variation

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

600,653

-67.3 %

1,835,710

15.8 %

1,585,795

Gross

AF

3,075,837

-26.2 %

4,166,836

9.8 %

3,794,585

Amortisation

AG

2,475,184

6.2 %

2,331,126

5.5 %

2,208,790

Goodwill

Net

0

0%

0

0%

0

Gross

AH

0

0%

0

0%

0

Amortisation

AI

0

0%

0

0%

0

Other intangible fixed assets

Net

9,284

-58.0 %

22,100

-84.1 %

139,246

Gross

AJ

9,284

-58.0 %

22,100

-84.1 %

139,246

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 asset

Net

609,937

-67.2 %

1,857,810

7.7 %

1,725,041

 

 

Tangilble fixed assets

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Lands

Net

164,677

-83.8 %

1,019,509

-42.8 %

1,780,930

Gross

AN

3,967,808

20.8 %

3,284,978

15.2 %

2,851,316

Amortisation

AO

3,803,131

67.9 %

2,265,469

111.6 %

1,070,386

Buildings

Net

807,783

-75.9 %

3,351,951

-48.5 %

6,511,476

Gross

AP

21,480,747

3.9 %

20,665,709

3.6 %

19,956,874

Amortisation

AQ

20,672,964

19.4 %

17,313,758

28.8 %

13,445,398

Plant

Net

4,261,568

-84.2 %

26,920,830

-45.1 %

49,044,447

Gross

AR

196,187,370

4.3 %

188,074,172

6.2 %

177,028,228

Amortisation

AS

191,925,802

19.1 %

161,153,341

25.9 %

127,983,781

Other tangible fixed assets

Net

550

-99.6 %

154,091

-55.5 %

346,371

Gross

AT

2,738,778

-1.1 %

2,768,697

-0.9 %

2,794,260

Amortisation

AU

2,738,228

4.7 %

2,614,606

6.8 %

2,447,889

Fixed assets in construction

Net

7,551,395

273.1 %

2,023,706

-11.0 %

2,274,364

Gross

AV

7,551,399

273.1 %

2,023,706

-21.7 %

2,583,353

Amortisation

AW

0

0%

0

0%

308,989

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

12,785,973

-61.8 %

33,470,087

-44.2 %

59,957,588

 

 

Financial assets

 

31/12/2014

Variation

31/12/2012

Variation

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

2,133,255

85.3 %

1,151,116

-45.3 %

2,103,513

Gross

CU

6,175,761

61.2 %

3,830,663

0%

3,830,663

Amortisation

CV

4,042,506

50.9 %

2,679,547

55.1 %

1,727,150

Inter-company receivables

Net

22,000

0%

22,000

0%

22,000

Gross

BB

22,000

0%

22,000

0%

22,000

Amortisation

BC

0

0%

0

0%

0

Other investment securities

Net

762

0%

762

0%

762

Gross

BD

762

0%

762

0%

762

Amortisation

BE

0

0%

0

0%

0

Loans

Net

1,643,187

3.6 %

1,586,450

-7.8 %

1,721,024

Gross

BF

1,643,187

3.6 %

1,586,450

-7.8 %

1,721,024

Amortisation

BG

0

0%

0

0%

0

Other financial assets

Net

1,406,801

-37.1 %

2,235,752

-6.9 %

2,402,053

Gross

BH

1,410,496

-37.0 %

2,239,447

-6.9 %

2,405,748

Amortisation

BI

3,695

0%

3,695

0%

3,695

Sub Total Financial assets

Net

5,206,005

4.2 %

4,996,080

-20.1 %

6,249,352

 

 

Current Assets (III)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total Assets

Net

40,254,561

10.5 %

36,428,676

1.5 %

35,888,768

Gross

CJ

43,829,385

10.4 %

39,693,807

1.4 %

39,135,887

Amortisation

CK

3,574,824

9.5 %

3,265,131

0.6 %

3,247,119

 

 

Stocks

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Raw materials

Net

11,773,656

7.1 %

10,993,978

-3.8 %

11,429,030

Gross

BL

14,730,604

8.9 %

13,527,312

-0.8 %

13,633,998

Amortisation

BM

2,956,948

16.7 %

2,533,334

14.9 %

2,204,968

Work in progress (goods)

Net

81,451

44.1 %

56,517

-10.1 %

62,885

Gross

BN

81,451

44.1 %

56,517

-10.1 %

62,885

Amortisation

BO

0

0%

0

0%

0

Work in progress (services)

Net

0

0%

0

0%

0

Gross

BP

0

0%

0

0%

0

Amortisation

BQ

0

0%

0

0%

0

Semi-finished and finished products

Net

9,905,545

-7.8 %

10,744,327

41.2 %

7,607,438

Gross

BR

10,030,485

-8.4 %

10,947,395

40.6 %

7,786,363

Amortisation

BS

124,940

-38.5 %

203,068

13.5 %

178,925

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

21,760,652

-0.2 %

21,794,822

14.1 %

19,099,353

 

 

Advance payments to suppliers

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Advance payments to suppliers

Net

0

0%

480

-99.8 %

201,353

Gross

BV

0

0%

480

-99.8 %

201,353

Amortisation

BW

0

0%

0

0%

0

 

 

Debtors

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Trade accounts receivable

Net

9,479,806

-17.9 %

11,542,762

-15.8 %

13,712,719

Gross

BX

9,695,742

-17.2 %

11,702,844

-19.2 %

14,484,298

Amortisation

BY

215,936

34.9 %

160,082

-79.3 %

771,579

Other debtors

Net

8,103,111

188.0 %

2,813,911

25.6 %

2,240,261

Gross

BZ

8,380,111

163.3 %

3,182,557

36.5 %

2,331,908

Amortisation

CA

277,000

-24.9 %

368,647

302.2 %

91,647

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

17,582,917

22.5 %

14,356,673

-10.0 %

15,952,980

 

 

Divers

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Investment securities

Net

20

0%

20

0%

20

Gross

CD

20

0%

20

0%

20

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

910,973

244.2 %

264,635

-57.6 %

623,413

Gross

CF

910,973

244.2 %

264,635

-57.6 %

623,413

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

910,993

244.2 %

264,655

-57.5 %

623,433

 

 

Prepaid expenses

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Prepaid expenses

Net

0

0%

12,048

3.4 %

11,649

Gross

CH

0

0%

12,048

3.4 %

11,649

Amortisation

CI

0

0%

0

0%

0

 

 

Equalization accounts (IV to VI)

 

31/12/2014

Variation

31/12/2012

Variation

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

51,456

-52.3 %

107,838

42.2 %

75,854

Gross

51,456

-52.3 %

107,838

42.2 %

75,854

 

 

References

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Due within one year

CP

0

0%

0

0%

0

Due after one year

CR

0

0%

0

0%

0

 

 

Accounts – Passive

 

Grand Total - Passive Accounts (I to V)

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Grand Total (I to V)

EE

58,907,931

-23.4 %

76,860,493

-26.0 %

103,896,604

 

 

Shareholder Equity (I)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total shareholders' equity (Total I)

DL

15,120,032

368.8 %

-5,624,914

-122.3 %

25,208,057

Equity and shareholders' equity

DA

5,000,000

-68.8 %

16,000,000

0%

16,000,000

Issue and merger premiums

DB

1,081,591

-76.4 %

4,573,471

0%

4,573,471

Revaluation differentials

DC

0

0%

0

0%

0

Of which equity differential

EK

0

0%

0

0%

0

Legal reserve

DD

0

0%

1,411,772

0%

1,411,772

Statutory or contractual reserve

DE

0

0%

1,546,293

0%

1,546,293

Special regulated reserves

DF

0

0%

7,021,802

0%

7,021,802

Of which special reserve of provisions for current fluctuation

B1

0

0%

0

0%

0

Other reserves

DG

0

0%

0

0%

0

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

0

0%

-3,476,356

38.6 %

-5,666,199

Profit or loss for the period

DI

4,301,387

113.0 %

-32,976,489

-14092.0 %

-232,360

Investment grants

DJ

4,737,054

2197.3 %

206,205

-40.7 %

347,817

Special tax-allowable reserves

DK

0

0%

68,388

-66.7 %

205,461

 

 

Other capital resources (II)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total other capital resources (Total II)

DO

716,733

70.3 %

420,793

-12.3 %

480,000

Income from participating securities

DM

0

0%

0

0%

0

Conditional loans

DN

716,733

70.3 %

420,793

-12.3 %

480,000

 

 

Provisions for risks and charges (III)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total provisions for risks and charges (Total III)

DR

4,548,101

-26.6 %

6,196,422

29.4 %

4,787,363

Risk provisions

DP

1,154,956

-53.1 %

2,460,305

117.0 %

1,133,620

Reserves for charges

DQ

3,393,145

-9.2 %

3,736,117

2.3 %

3,653,743

 

 

Liabilities (IV)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total Liabilities (Total IV)

EC

38,485,234

-49.3 %

75,862,824

3.3 %

73,408,813

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

391,643

-76.8 %

1,687,925

-16.2 %

2,014,821

Sundry loans and financial liabilities

DV

3,530,487

-90.4 %

36,797,896

-12.7 %

42,143,906

Of which participating loans

EI

0

0%

0

0%

0

Advance payments received for current orders

DW

0

0%

0

0%

0

Trade accounts payables

DX

22,140,742

-7.2 %

23,868,266

19.7 %

19,932,410

Tax and social security liabilities

DY

9,421,428

-19.7 %

11,730,174

61.8 %

7,247,827

Fixed asset liabilities

DZ

604,615

65.2 %

366,001

61.2 %

227,038

Other debts

EA

1,754,825

24.2 %

1,412,562

-18.4 %

1,731,826

 

Translation loss (V)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Translation loss (Total V)

ED

37,831

604.8 %

5,368

-56.6 %

12,372

 

 

 

Equalization accounts

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Deferred income

EB

641,499

0%

0

0%

110,985

 

 

References

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Of which tax-allowable reserve

EF

0

0%

0

0%

0

Deferred income and liabilities

EG

641,459

0%

0

0%

-110,985

Of which current bank facilities

EH

0

0%

0

0%

-6,257

 

 

Result account

 

1 - Operating result (I-II)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Operating result (Total I-II)

GG

4,172,615

1208.0 %

319,004

-87.1 %

2,476,823

 

 

2 - Financial result (V-VI)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Financial result (Total V-VI)

GV

-3,596,962

12.7 %

-4,119,346

-72.8 %

-2,383,255

 

 

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

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

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

GW

575,653

115.1 %

-3,800,342

-4161.6 %

93,568

 

4 - Extraordinary result (VII-VIII)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Extraordinary result (Total VII-VIII)

HI

3,656,643

112.5 %

-29,314,861

-5619.2 %

-512,567

 

 

Profit or loss

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Profit or loss

HN

4,301,387

113.0 %

-32,976,489

-14092.0 %

-232,359

 

 

Total Income (I+III+V+VII)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

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

HL

142,219,894

4.1 %

136,574,192

18.7 %

115,042,398

 

 

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

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

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

HM

137,918,507

-18.7 %

169,550,682

47.1 %

115,274,757

 

 

Operating income (I)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total operating income (Total I)

FR

130,528,519

-3.7 %

135,570,601

18.7 %

114,189,831

 

 

Operating income (details)

 

31/12/2014

Variation

31/12/2012

Variation

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

122,076,774

-1.3 %

123,629,136

13.7 %

108,759,886

France

FD

52,403,227

-7.4 %

56,598,376

11.1 %

50,935,384

Export

FE

69,673,547

3.9 %

67,030,762

15.9 %

57,824,502

Sale of services

FI

1,940,465

-69.9 %

6,436,874

265.6 %

1,760,498

France

FG

1,939,059

-69.6 %

6,370,550

316.3 %

1,530,236

Export

FH

1,406

-97.9 %

66,324

-71.2 %

230,262

Net turnover

FL

124,017,239

-4.7 %

130,066,010

17.7 %

110,520,384

France

FJ

54,342,286

-13.7 %

62,968,926

20.0 %

52,465,620

Export

FK

69,674,953

3.8 %

67,097,086

15.6 %

58,054,764

Stocked production

FM

2,293,832

258.3 %

640,275

130.8 %

-2,080,576

Self-constructed assets

FN

300,000

11.1 %

270,000

-22.9 %

350,000

Operating grants

FO

144

-98.3 %

8,677

-67.1 %

26,367

Release of reserves and provisions

FP

3,842,771

7.4 %

3,577,466

-13.8 %

4,152,180

Other income

FQ

74,533

-92.6 %

1,008,173

-17.5 %

1,221,476

 

Operating charges (II)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total operating charges (Total II)

GF

126,355,904

-6.6 %

135,251,597

21.1 %

111,713,008

 

 

Exploitation charges

 

31/12/2014

Variation

31/12/2012

Variation

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

61,143,743

8.0 %

56,631,955

31.6 %

43,018,986

Change in stocks of raw materials

FV

-20,773

-105.6 %

368,597

134.2 %

-1,077,616

Other external purchases and charges

FW

32,754,635

-13.6 %

37,923,225

15.0 %

32,964,767

Tax, duty and similar payments

FX

2,989,208

1.4 %

2,948,479

6.2 %

2,777,527

Payroll

FY

17,202,932

-6.0 %

18,305,540

9.7 %

16,687,324

Social security costs

FZ

7,869,216

-14.0 %

9,148,421

16.9 %

7,823,848

 

 

Depreciation

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Depreciation of fixed assets

GA

548,100

-90.3 %

5,671,920

2.5 %

5,533,759

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

3,083,144

11.7 %

2,760,608

10.3 %

2,503,389

Provisions for risks and charges

GD

464,103

41.4 %

328,323

-2.2 %

335,566

 

 

Other charges

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Other charges

GE

321,596

-72.4 %

1,164,529

1.7 %

1,145,458

 

 

Operating charges (III-IV)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Share of joint-venture transferred to other partner(s) (Total III)

GH

0

0%

0

0%

0

Share of joint venture transferred from other partner(s) (Total IV)

GI

0

0%

0

0%

0

 

 

Financial income (V)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total financial income (Total V)

GP

442,037

63.4 %

270,478

-43.7 %

480,605

Share financial income

GJ

0

0%

0

0%

0

Other investment income & capitalised receivables

GK

1,000

0%

0

0%

0

Other interest and similar income

GL

6,660

158.7 %

2,574

22.2 %

2,107

Released provisions and transferred charges

GM

106,334

45.0 %

73,335

10.8 %

66,216

Exchange gains

GN

328,043

68.6 %

194,570

-52.8 %

412,282

Net income from disposal of investment securities

GO

0

0%

0

0%

0

 

 

Financial charge (VI)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total financial charge (Total VI)

GU

4,038,999

-8.0 %

4,389,824

53.3 %

2,863,860

Financial reserves and provisions

GQ

1,388,251

3.8 %

1,337,236

1662.9 %

75,854

Interest and similar charges

GR

2,558,561

1.4 %

2,523,056

17.0 %

2,156,450

Exchange losses

GS

92,187

-82.6 %

529,532

-16.2 %

631,556

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

 

 

Extraordinary income (VII)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total extraordinary income (Total VII)

HD

11,249,338

1434.5 %

733,113

97.1 %

371,962

Extraordinary operating income

HA

4,142,151

0%

0

0%

0

Extraordinary income from capital transactions

HB

20,659

-91.4 %

240,076

-9.1 %

264,036

Released provisions and transferred charges

HC

7,086,528

1337.3 %

493,037

356.8 %

107,926

 

 

Extraordinary charges (VIII)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total extraordinary charges (Total VIII)

HH

7,592,695

-74.7 %

30,047,974

3297.1 %

884,529

Extraordinary operating charges

HE

752,845

126.1 %

333,038

-47.5 %

634,529

Extraordinary charges from capital transactions

HF

209,006

98.8 %

105,151

0%

0

Extraordinary reserves and provisions

HG

6,630,844

-77.6 %

29,609,785

11743.9 %

250,000

 

 

Employee profit sharing (IX)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Employee profit sharing (Total IX)

HJ

0

0%

0

0%

0

 

 

Tax on profits (X)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Tax on profits (Total X)

HK

-69,091

50.2 %

-138,713

25.7 %

-186,640

 

 

References

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Of which equipment leases

HP

0

0%

3,032

3.5 %

2,929

Of which property leases

HQ

0

0%

0

0%

0

Of which transferred charges

A1

0

0%

262,635

-20.7 %

331,345

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

 

 

 

Other incomes tax return forms

 

Fixed Assets

 

Grand Total Fixed Assets (I to IV)

31/12/2014

Variation

31/12/2012

Variation

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%

0

Decreasess by transfers

OK2

0

0%

10,220,991

78.2 %

5,736,554

Gross value at the end of period

OL

0

0%

228,685,522

5.3 %

217,128,058

 

 

Research and development Charge (Total I)

 

31/12/2014

Variation

31/12/2012

Variation

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

CO1

0

0%

0

0%

0

Decreasess by transfers

CO2

0

0%

0

0%

0

Gross value at the end of period

DO

0

0%

0

0%

0

 

 

Other budget item from Intangible fixed assets (Total II)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Gross value at begin of period

KD

0

0%

4,334,579

27.8 %

3,391,509

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

0

0%

781,781

-38.2 %

1,265,746

Decreasess by budget item transfer

LV1

0

0%

0

0%

0

Decreasess by transfers

LV2

0

0%

927,424

28.2 %

723,425

Gross value at the end of period

LW

0

0%

4,188,936

6.5 %

3,933,830

 

Tangible fixed assets (Total III)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Gross value at begin of period

LN

0

0%

210,533,880

5.3 %

200,028,724

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

0

0%

14,258,035

64.0 %

8,695,075

Decreasess by budget item transfer

NG1

0

0%

0

0%

0

Decreasess by transfers

NG2

0

0%

7,974,653

127.2 %

3,509,767

Gross value at the end of period

NH

0

0%

216,817,262

5.7 %

205,214,032

 

 

Financial assets (Total IV)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Gross value at begin of period

LQ

0

0%

7,615,072

18.1 %

6,449,548

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

0

0%

1,383,166

-54.4 %

3,034,007

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

0

0%

1,318,914

-12.3 %

1,503,362

Gross value at the end of period

NK

0

0%

7,679,324

-3.8 %

7,980,193

 

 

Reserve for depreciation

 

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

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Reserve for depreciation value at begin of period

ON

0

0%

0

0%

0

Increases

OP

0

0%

0

0%

0

Decreasess

OQ

0

0%

0

0%

0

Reserve for depreciation value at the end of period

OR

0

0%

0

0%

0

 

 

Research and development charge (Total I)

 

31/12/2014

Variation

31/12/2012

Variation

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)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Reserve for depreciation value at begin of period

PE

0

0%

0

0%

2,164,852

Increases

PF

0

0%

0

0%

43,938

Decreasess

PG

0

0%

0

0%

0

Decreasess by budget item transfer

PH

0

0%

0

0%

2,208,790

 

 

Total fixed assets amotisation (Total III)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Reserve for depreciation value at begin of period

QU

0

0%

0

0%

139,829,845

Increases

QV

0

0%

0

0%

5,515,820

Decreases

QW

0

0%

0

0%

398,213

Decreasess by budget item transfer

QX

0

0%

0

0%

144,947,452

 

 

Movements during period affecting charge allocated over several period

 

Deferred charges and debt issuance costs

 

31/12/2014

Variation

31/12/2012

Variation

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

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Net value at begin of period

SP1

0

0%

0

0%

0

Increases

SP2

0

0%

0

0%

0

Depreciation of fixed assets during period

SP

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)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Value at begining of period

7C

0

0%

12,076,907

0%

0

Increases

UB

0

0%

1,027,947

0%

0

Decreases

UC

0

0%

895,366

0%

0

Value at the end of period

UD

0

0%

12,209,488

0%

0

 

 

Includes Total allocations

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Operating

UE

0

0%

1,027,947

0%

0

Financial

UG

0

0%

0

0%

0

Exceptional

UJ

0

0%

0

0%

0

 

 

Includes Total Withdrawal

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Operating

UF

0

0%

895,366

0%

0

Financial

UH

0

0%

0

0%

0

Exceptional

UK

0

0%

0

0%

0

 

 

Total regulated provisions (Total I)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Value at begining of period

3Z

0

0%

68,388

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%

68,388

0%

0

 

 

 

Total risk and charge provisions (Total II)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Value at begining of period

5Z

0

0%

6,063,841

0%

0

Increases

TV

0

0%

1,027,947

0%

0

Decreases

TW

0

0%

895,366

0%

0

Value at the end of period

TX

0

0%

6,196,422

0%

0

Total Provision for depreciation (Total III)

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Value at begining of period

7B

0

0%

5,944,678

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%

5,944,678

0%

0

 

 

State deadlines claims and debts at the end of period

 

State claims

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Gross value

VT

0

0%

18,745,346

-10.7 %

20,985,041

1 year at most

VU

0

0%

17,267,158

-10.7 %

19,338,564

More than one year

VV

0

0%

1,478,188

-10.2 %

1,646,477

 

 

State of loans

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Claims related to holdings (gross)

UL

0

0%

22,000

0%

22,000

Claims related to shareholdings (1 year at most)

UM

0

0%

0

0%

0

Loans (gross)

UP

0

0%

1,586,450

-7.8 %

1,721,024

Loans (1 year at most)

UR

0

0%

130,262

34.9 %

96,547

Other financial assets (gross)

UT

0

0%

2,239,447

-6.9 %

2,405,748

Other financial assets (1 year at most)

UV

0

0%

2,239,447

-6.9 %

2,405,748

 

 

Receivables statement of assets

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Customers doubtful or disputed

VA

0

0%

0

0%

951,978

Other claims customer

UX

0

0%

11,702,844

-13.5 %

13,532,320

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%

13,185

Social Security and other social organizations

UZ

0

0%

0

0%

1,610

Income taxes

VM

0

0%

0

0%

186,640

Value added tax

VB

0

0%

0

0%

1,170,625

Other taxes and payments assimilated

VN

0

0%

0

0%

0

State and other public - Miscellaneous

VP

0

0%

3,182,557

8295.0 %

37,910

Group and Associates

VC

0

0%

0

0%

153,880

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

VR

0

0%

0

0%

776,472

 

 

Prepaid

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Prepaid

VS

0

0%

12,048

3.4 %

11,649

 

 

State Debt

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Total debt (gross)

VY

0

0%

75,862,824

3.3 %

73,411,007

1 year at most

VZ2

0

0%

75,862,824

5.5 %

71,886,588

More than 1 year and 5 years at most

VZ3

0

0%

0

0%

1,354,163

More than 5 years

VZ4

0

0%

0

0%

170,256

 

 

Details

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Convertible bonds (gross)

7Y1

0

0%

0

0%

0

1 year at most

7Y2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Y3

0

0%

0

0%

0

Other bonds (gross)

7Z1

0

0%

0

0%

0

1 year at most

7Z2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Z3

0

0%

0

0%

0

Borrowing & debts to 1 year maximum at the origin (gross)

VG1

0

0%

1,687,925

11589.2 %

14,440

1 year at most

VG2

0

0%

1,687,925

11589.2 %

14,440

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%

2,000,381

1 year at most

VH2

0

0%

0

0%

475,962

More than 1 year and 5 years at most

VH3

0

0%

0

0%

1,354,163

Loans and various financial liabilities (gross)

8A1

0

0%

0

0%

0

1 year at most

8A2

0

0%

0

0%

0

More than 1 year and 5 years at most

8A3

0

0%

0

0%

0

Suppliers and associated accounts (gross)

8B1

0

0%

23,868,266

19.7 %

19,932,410

1 year at most

8B2

0

0%

23,868,266

19.7 %

19,932,410

More than 1 year and 5 years at most

8B3

0

0%

23,868,266

19.7 %

19,932,410

Personnel and associated accounts (gross)

8C1

0

0%

0

0%

2,294,627

1 year at most

8C2

0

0%

0

0%

2,294,627

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

0

0%

11,730,174

321.1 %

2,785,400

1 year at most

8D2

0

0%

11,730,174

321.1 %

2,785,400

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%

2,194

1 year at most

VW2

0

0%

0

0%

2,194

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%

2,167,800

1 year at most

VQ2

0

0%

0

0%

2,167,800

More than 1 year and 5 years at most

VQ3

0

0%

0

0%

0

Assets and liabilities associated accounts (gross)

8J1

0

0%

366,001

61.2 %

227,038

1 year at most

8J2

0

0%

366,001

61.2 %

227,038

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%

36,797,896

-12.7 %

42,143,906

1 year at most

VI2

0

0%

36,797,896

-12.7 %

42,143,906

More than 1 year and 5 years at most

VI3

0

0%

0

0%

0

More than 5 years

V14

0

0%

0

0%

0

Other liabilities (gross)

8K1

0

0%

1,412,562

-18.4 %

1,731,826

1 year at most

8K2

0

0%

1,412,562

-18.4 %

1,731,826

More than 1 year and 5 years at most

8K3

0

0%

0

0%

0

Debt representative of borrowed securities (gross)

SZ1

0

0%

0

0%

0

1 year at most

SZ2

0

0%

0

0%

0

More than 1 year and 5 years at most

SZ3

0

0%

0

0%

0

Products in advance (gross)

8L1

0

0%

0

0%

110,985

1 year at most

8L2

0

0%

0

0%

110,985

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

 

 

References

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Loans made during the period

VJ

0

0%

0

0%

140,980

Debt repaid during the period

VK

0

0%

0

0%

469,037

 

 

Table allocation results and other information

 

Dividends distributed

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Dividends

ZE

0

0%

0

0%

0

 

 

Commitments

 

31/12/2014

Variation

31/12/2012

Variation

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

 

31/12/2014

Variation

31/12/2012

Variation

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

 

31/12/2014

Variation

31/12/2012

Variation

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

 

 

VAT

 

31/12/2014

Variation

31/12/2012

Variation

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

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Average number of employees

YP

460

-4.0 %

479

1.7 %

471

 

 

Groups and Shareholders

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

Groups and Shareholders

ZR

0

0%

0

-

-

 

 

Ratios

 

Structure and Liquidity

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Fixed Asset Financing

1.02

2.0 %

1.00

-2.9 %

1.03

1.19

-14.3 %

Global Debt

112 days

-46.7 %

210 days

-12.1 %

239 days

143 days

-21.7 %

Working Capital Fund overall net

17 days

950.0 %

-2 days

-109.1 %

22 days

69 days

-75.4 %

Financial independence

385.51 %

2736.9 %

-14.62 %

-125.6 %

57.09 %

207.63 %

85.7 %

Solvability

26.88 %

497.0 %

-6.77 %

-127.4 %

24.72 %

34.77 %

-22.7 %

Capacity debt futures

-

-

-333.24 %

-106.5 %

5,140.28 %

5,134.18 %

-

Coverage of current assets by net working capital overall

13.02 %

711.3 %

-2.13 %

-112.4 %

17.15 %

36.53 %

-64.4 %

General Liquidity

-

-

0.23

-14.8 %

0.27

0.74

-

Restricted Liquidity

-

-

0.23

-17.9 %

0.28

0.98

-

 

 

Management or rotation

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Need background in operating working capital

16 days

633.3 %

-3 days

-115.0 %

20 days

40 days

-60.0 %

Treasury

3 days

200.0 %

1 days

-50.0 %

2 days

3 days

0%

Inventory turnover of goods

-

-

-

-

-

0 days

-

Average length of credit granted to customers

28 days

-12.5 %

32 days

-31.9 %

47 days

51 days

-45.1 %

Average length of credit obtained suppliers

85 days

-6.6 %

91 days

-5.2 %

96 days

71 days

19.7 %

Inventory turnover of raw materials in industrial enterprises

87 days

1.2 %

86 days

-24.6 %

114 days

55 days

58.2 %

Inventory turnover of intermediate and finished products in the industrial enterprise

-

-

60 days

11.1 %

54 days

122 days

-

Rotation tangible assets

-

-

59.99 %

11.4 %

53.86 %

136.41 %

-

 

 

Profitability of the business

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Margin trading

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Profitability of the business

3.77 %

-13.3 %

4.35 %

-27.4 %

5.99 %

3.77 %

0%

Net profit

3.47 %

113.7 %

-25.35 %

-11971.4 %

-0.21 %

1.66 %

109.0 %

Growth rate of turnover (excluding VAT)

0.00 %

0%

0.00 %

0%

8.54 %

2.33 %

0%

Rates integration

26.39 %

-4.8 %

27.72 %

-9.6 %

30.66 %

28.71 %

-8.1 %

Rate leasing furniture

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Work Factor

76.59 %

0.6 %

76.15 %

5.3 %

72.34 %

72.40 %

5.8 %

Weight interests

3.26 %

-3.6 %

3.38 %

30.5 %

2.59 %

0.86 %

279.1 %

 

 

Return on capital

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Cash flow from the overall profitability

10.53 %

423.9 %

2.01 %

-58.6 %

4.85 %

3.67 %

186.9 %

Rates of economic profitability

24.00 %

41.2 %

17.00 %

88.9 %

9.00 %

12.00 %

100.0 %

Financial profitability

15,836,765.00 %

404.3 %

-5,204,121.00 %

-120.3 %

25,688,057.00 %

1,982,060.00 %

699.0 %

Return on investment

42.21 %

149.1 %

-85.89 %

-2378.2 %

3.77 %

7.82 %

439.8 %

 

 

 

 

Management intermediate balances

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Turnover

124,017,239

-4.7 %

130,066,010

17.7 %

110,520,384

12,994,031

854.4 %

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

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 €

0 €

0%

0.00 % CA

0%

0.00 % CA

0%

0.00 % CA

0.00 % CA

0%

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Sale of goods produced

124,017,239

-4.7 %

130,066,010

17.7 %

110,520,384

-

+/- Stocked production

2,293,832

258.3 %

640,275

130.8 %

-2,080,576

-

+ Self-constructed assets

300,000

11.1 %

270,000

-22.9 %

350,000

-

Period production

126,611,071 €

-3.3 %

130,976,285 €

20.4 %

108,789,808 €

9,936,134 €

1174.2 %

102.09 % CA

1.4 %

100.70 % CA

2.3 %

98.43 % CA

99.66 % CA

2.4 %

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Trading margin

0

0%

0

0%

0

0

0%

+ Period Production

126,611,071

-3.3 %

130,976,285

20.4 %

108,789,808

9,936,134

1174.2 %

- Purchase of raw materials

61,143,743

8.0 %

56,631,955

31.6 %

43,018,986

-

+/- Change in stocks of raw materiels

-20,773

-105.6 %

368,597

134.2 %

-1,077,616

-

- Other external purchases and charges

32,754,635

-13.6 %

37,923,225

15.0 %

32,964,767

-

Added value

32,733,466 €

-9.2 %

36,052,508 €

6.4 %

33,883,671 €

2,587,084 €

1165.3 %

26.39 % CA

-4.8 %

27.72 % CA

-9.6 %

30.66 % CA

28.71 % CA

-8.1 %

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Added value

32,733,466 €

-9.2 %

36,052,508 €

6.4 %

33,883,671 €

2,587,084 €

1165.3 %

+ Operating grants

144

-98.3 %

8,677

-67.1 %

26,367

-

- Tax, duty and similar payments

2,989,208

1.4 %

2,948,479

6.2 %

2,777,527

-

- Personal charges

25,072,148

-8.7 %

27,453,961

12.0 %

24,511,172

-

Gross operating surplus

4,672,254 €

-17.4 %

5,658,745 €

-14.5 %

6,621,339 €

345,525 €

1252.2 %

3.77 % CA

-13.3 %

4.35 % CA

-27.4 %

5.99 % CA

3.77 % CA

0%

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Gross operating surplus

4,672,254 €

-17.4 %

5,658,745 €

-14.5 %

6,621,339 €

345,525 €

1252.2 %

+ Release of reserves and provisions

3,842,771

7.4 %

3,577,466

-13.8 %

4,152,180

-

+ Other operating income

74,533

-92.6 %

1,008,173

-17.5 %

1,221,476

-

- Depreciation/ Amortisation

4,095,347

-53.3 %

8,760,851

4.6 %

8,372,714

-

- Other charges

321,596

-72.4 %

1,164,529

1.7 %

1,145,458

-

Operating result

4,172,615 €

1208.0 %

319,004 €

-87.1 %

2,476,823 €

188,420 €

2114.5 %

3.36 % CA

1244.0 %

0.25 % CA

-88.8 %

2.24 % CA

2.62 % CA

28.2 %

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Operating result

4,172,615 €

1208.0 %

319,004 €

-87.1 %

2,476,823 €

188,420 €

2114.5 %

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

0

0%

0

0%

0

-

+ Financial income

442,037

63.4 %

270,478

-43.7 %

480,605

-

- Financial charges

4,038,999

-8.0 %

4,389,824

53.3 %

2,863,860

-

Pre-tax result

575,653 €

115.1 %

-3,800,342 €

-4161.6 %

93,568 €

40,879 €

1308.2 %

0.46 % CA

115.8 %

-2.92 % CA

-3750.0 %

0.08 % CA

1.55 % CA

-70.3 %

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Extraordinary income

11,249,338

1434.5 %

733,113

97.1 %

371,962

148,121

7494.7 %

- Extraordinary charges

7,592,695

-74.7 %

30,047,974

3297.1 %

884,529

-

Extraordinary result

3,656,643 €

112.5 %

-29,314,861 €

-5619.2 %

-512,567 €

-35 €

10447651.4 %

2.95 % CA

113.1 %

-22.54 % CA

-4800.0 %

-0.46 % CA

-0.01 % CA

29600.0 %

 

31/12/2014

Variation

31/12/2012

Variation

31/12/2010

SECTOR MEDIAN 2014

Pre-tax result

575,653 €

115.1 %

-3,800,342 €

-4161.6 %

93,568 €

40,879 €

1308.2 %

Extraordinary result

3,656,643 €

112.5 %

-29,314,861 €

-5619.2 %

-512,567 €

-35 €

10447651.4 %

- Employee profit sharing

0

0%

0

0%

0

-

- Tax on profits

-69,091

50.2 %

-138,713

25.7 %

-186,640

-

Net result

4,301,387 €

113.0 %

-32,976,490 €

-14092.0 %

-232,359 €

193,803 €

2119.5 %

3.47 % CA

113.7 %

-25.35 % CA

-11971.4 %

-0.21 % CA

1.66 % CA

109.0 %

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.89

UK Pound

1

Rs.99.10

Euro

1

Rs.70.12

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TRU

 

               

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.