MIRA INFORM REPORT

 

 

Report No. :

333662

Report Date :

27.07.2015

 

IDENTIFICATION DETAILS

 

Name :

LE METAL CENTRE

 

 

Registered Office :

Zac De Chesnes Nord 16 Rue Des Combes 38290 Satolas Et Bonce

 

 

Country :

France

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

December 2008

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Wholesale (intercompany trade) of metals and metal ores

 

 

No. of Employees :

Not Available

 

 

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 – 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

509 331 955 00021

Name

LE METAL CENTRE

Acronym

LMC

Trade name

-

Status

Economically active

Postal Address

LE METAL CENTRE
LMC
ZAC DE CHESNES NORD
16 RUE DES COMBES
38290 SATOLAS ET BONCE

Share Capital

11,037,000 Euros

Incorporiation Date

12/2008

Activity (APE)

Wholesale (intercompany trade) of metals and metal ores(4672Z)

RCS Registration

RCS Vienne B 509 331 955

Formation Date

11/2008

EUR VAT Number

FR79509331955

Deregistration Date

-

Last account Date

31/12/2013

Court Registry Number

20 1 1B00765

Telephone

04 74 95 93 50

Registration Court

Vienne (38)

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

31/12/2013

107,592,240 €

0.12% Turnover

12,278,716 €

-3,588 €

0 employee

31/12/2012

111,616,038 €

-0.41% Turnover

12,229,318 €

-197,040 €

-

31/12/2011

121,080,515 €

-0.72% Turnover

12,198,124 €

-12,883 €

-

 

 

Ultimate Holding Company

 

Name

Safe Number

Country

Company Number

AMARI METALS LIMITED

UK06087847

06444672

Affiliation links.

32 companies in the international Group Structure from 2 countries.

Directors

 

Current Directors

1

 

 

Preferential Right

 

This company is not under monitoring

 

 

Payment Information Summary – Trade Payment Data

 

Total number of Invoices available

29

Total number of Invoices paid within or up to 30 days after the due date

29

Total number of Invoices paid more than 30 days after the dues date

0

Total number of Invoices currently outstanding where the due date has not yet been reached

0

Total number of Invoices currently outstanding beyond the due date

0

 

 

Trends

 

Profitability

Liquidity

Net Worth

 

 

Establishment Details

 

Type of Establishment

Head Office

Production Role

-

APE/NAF Code

4672Z

Activity

Commerce de gros (commerce interentreprises) de minerais et métaux

Formation Date

06/2011

Reason for Formation

Contribution

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

Other

Activity Location

Other

Trading Address

16 RUE DES COMBES 
38290 SATOLAS ET BONCE

Department

-

Location Surface

-

District

-

City

SATOLAS ET BONCE

Status

Economically active

Business Pages FT®

-

Region

Rhône-Alpes

Area

-

Size of Urban Area

-

 

 

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

LE METAL CENTRE

Head Office

4672Z

Commerce de gros (commerce interentreprises) de minerais et métaux

SATOLAS ET BONCE

38290

LE METAL CENTRE

Branch

4672Z

Commerce de gros (commerce interentreprises) de minerais et métaux

OZOIR LA FERRIERE

77330

 

 

Workforces

 

Workforce at address

0 employee

Company workforce

0 employee

 

 

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 decrease of tangible fixed assets over the last two accounting periods is 25 %

The return on total assets employed is 0

The pre-tax profit is -3,588 €

The stock to turnover ratio is 11.33

The creditor days are 78.51

The ratio total assets to total liabilities is 1.47

The sales to current assets ratio is 2.81

The risk provisions are 141,626 €

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 38,596,168 €

The net turnover is 107,592,240 €

The net current assets are 38,230,481 €

The liabilities are 26,175,827 €

The decrease in the gearing percentage over the last two accounting periods is 48 %

The shareholder's equity is 12,278,716 €

 

 

Industry comparison

 

Activity (APE)

Wholesale (intercompany trade) of metals and metal ores(4672Z)

Industry average credit rating

44

Industry average credit limit

50,496

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

Status of collection

This company is not under monitoring

 

 

Group Data

 

Ultimate parent company

AMARI METALS LIMITED

Direct parent

ALMET - 99.66 %

Group – Number of companies

14

Linkages – Number of companies

32

Number of countries

2

 

NAME

SIREN

PARTS

LAST ACCOUNT PUBLISHED

1

AMARI METALS CHINA LIMITED

06444672

-

31/12/2013

2

AMARI METAL INC

-

Majority

-

3

AMARI METAL FRANCE

404495566

100 %

31/12/2013

4

SERVICE CENTRES AERO FRANCE

300209715

100 %

31/12/2013

CMIC SAS

479811119

100 %

31/12/2013

EURALLIAGE

401752803

100 %

31/12/2013

4

ALMET

968504936

100 %

31/12/2013

5

LE METAL CENTRE

509331955

99.66 %

31/12/2013

BALAAM

484376066

100 %

31/12/2013

JACQUET METAL SERVICE

311361489

3.76 %

31/12/2008

SA PRODUITS INDUSTRIELS ET METALLURGIQ

706520806

100 %

31/12/2013

CHARRON INOX

350857140

100 %

31/12/2013

VIGNON CHOQUIT SA

775646912

100 %

31/12/2013

ALU ONE

424663862

100 %

31/12/2013

AMARI TUBES & SERVICES

535265649

100 %

31/12/2012

 

 

Linkages

 

COMPANY NAME

SIREN

LAST ACCOUNT PUBLISHED

TURNOVER

AALCO METALS LIMITED

03551533

31/12/2013

340,165,674 £

AMARI METALS LIMITED

02023155

31/12/2013

532,672,813 £

COBHAM ALUMINIUM & STAINLESS HOLDINGS LIMITED

07543335

31/12/2013

74,747,320 £

RIGHTON LIMITED

00143411

31/12/2013

66,728,308 £

CASHMORES METALS LIMITED

01141972

31/12/2013

21,662,850 £

AMARI AEROSPACE LIMITED

06333281

31/12/2013

7,891,472 £

S.S.E. PIPEFITTINGS LIMITED

04054579

31/12/2013

-

BLACKBURNS METALS LIMITED

04632083

31/12/2013

65,366,644 £

EQUINOX INTERNATIONAL LIMITED

02565339

31/12/2013

30,891,508 £

NEONICKEL LIMITED

08338355

31/12/2013

12,569,592 £

H. ROLLET & BLACKHEATH LIMITED

07325894

31/12/2013

-

PERKINS DISTRIBUTION LIMITED

03797982

31/12/2013

-

AMARI COPPER ALLOYS LIMITED

07467003

31/12/2013

2,902,592 £

METALFIN LIMITED

08026751

31/12/2013

-

NEONICKEL (BLACKBURN) LIMITED

02823637

31/12/2013

34,857,357 £

COLE AND SWALLOW MATERIALS LIMITED

01871458

31/12/2013

-

WILSONS LIMITED

02048485

31/12/2013

15,785,117 £

GOULD ALLOYS LTD

01854699

31/12/2013

18,170,277 £

DURBIN METAL INDUSTRIES LIMITED

01631973

31/12/2013

-

SMITHS METAL CENTRES LIMITED

03485838

31/12/2013

58,962,203 £

LASER PROFILES LIMITED

04053134

31/12/2013

-

TESTCO LIMITED

01115185

31/12/2013

-

RIGHTON PENSION TRUST LIMITED

01940914

31/03/2014

-

RIGHTON FASTENERS LIMITED

03460135

31/12/2013

-

AMARI METALS PENSION TRUSTEES LIMITED

03597813

31/12/2013

-

SUPAFLO ENGINEERING LIMITED

04069796

31/12/2013

-

AMARI METALS DC PENSION TRUSTEES LIMITED

04817311

31/12/2013

-

JM DURBIN LIMITED

05755180

31/12/2013

-

AERO METALS ALLIANCE UK LIMITED

09306909

-

-

ENFIELD TUBES LIMITED

09312969

-

-

HENLEY MANAGEMENT CO

-

-

2,746,000 $

NEONICKEL HOLDINGS LTD

-

-

-

 

Shareholder(s)

 

Name

AMARI METAL FRANCE SAS

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. JACKSON BARRY

-

President

M. JACKSON BARRY

12/01/1956 - MANCHESTER ROYAUME UNI

President

M. JACKSON BARRY

12/01/1956 - MANCHESTER (ROYAUME UNI)(ROYAUME-UNI)

President

AMARI METAL FRANCE SAS

-

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

14/01/2015

Bodacc B

Modification et mutation diverse

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

508 - 509 331 955 RCS Vienne. LE METAL CENTRE. Forme : Société par Actions Simplifiée. Sigle : LMC. Administration : WILLIAMSON Luc nom d'usage : WILLIAMSON n'est plus commissaire aux comptes suppléant. CABINET IGEC devient commissaire aux comptes suppléant. Activité : . 
Commentaires : Modification de l'administration.

26/12/2014

JAL

Resignation / Revocation of the social representative

Tribune de Vienne et de l Isère (La)


Date de décision : 30/06/2014
La société 509331955 - LE METAL CENTRE, LMC, 16 RUE DES COMBES, ZAC DE CHESNES NORD, 38290 SATOLAS ET BONCE 
Fait l'objet du départ de Monsieur Luc Williamson

10/11/2014

Bodacc C

Comptes annuels et rapports

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

4824 - 509331955 RCS. LE METAL CENTRE. Forme : Société par Actions Simplifiée. Adresse : 16 rue des Combes 38290 Satolas-et-Bonce. Commentaires :Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

27/09/2013

Bodacc C

Comptes annuels et rapports

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

4864 - 509331955 RCS. LE METAL CENTRE. Forme : Société par Actions Simplifiée. Adresse : 16 rue des Combes 38290 Satolas-et-Bonce. Commentaires :Comptes annuels et rapports de l'exercice clos le : 31/12/2012.

19/11/2012

Bodacc C

Comptes annuels et rapports

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

3265 - 509331955 RCS. LE METAL CENTRE. Forme : Société par Actions Simplifiée. Adresse : 16 rue des Combes 38290 Satolas-et-Bonce. Commentaires :Comptes annuels et rapports de l'exercice clos le : 31/12/2011.

24/10/2011

Bodacc C

Comptes annuels et rapports

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

3093 - 509331955 RCS. LE METAL CENTRE. Forme : Société par Actions Simplifiée. Adresse : 16 rue des Combes 38290 Satolas-et-Bonce. Commentaires :Comptes annuels et rapports de l'exercice clos le : 31/12/2010.

22/07/2011

Bodacc A

Vente et cession : Acheteur

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

371 - 509 331 955 RCS Vienne. LE METAL CENTRE. Forme : Société par Actions Simplifiée. Capital : 11037000 EUR. Adresse : 16 rue des Combes, 38290 Satolas-et-Bonce. 
Origine du fonds : Apport partiel d'actif EUR. Etablissement : Etablissement principal. Adresse : 16 rue des Combes, 38290 Satolas-et-Bonce. 
Précédent propriétaire : ALMET. 968 504 936 RCS Vienne. 
Date de commencement de l’activité : 03/06/2011. Oppositions : . Descriptif : Immatriculation d'une personne morale suite au transfert du si¿ge hors ressort.Commentaires : Autre achat, apport, attribution.

15/07/2011

Bodacc B

Modification et mutation diverse

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

1228 - 509 331 955 RCS Melun. LE METAL CENTRE. Forme : Société par actions simplifiée. Sigle : LMC. Administration : Président de la société : AMARI METAL FRANCE SAS Commissaire aux comptes titulaire : GRANT THORNTON Commissaire aux comptes suppléant : WILLIAMSON Luc. Capital : 11037000 EUR. Activité : L'achat, la vente de tous produits ou articles bruts, semi-ouvrés ou manufacturés en aluminium et aciers inoxydables ainsi que de tous autres métaux et/ou alliages, comme de tous accessoires y relatifs. L'acquisition, la cession, l'administration, l'exploitation, la gestion d'actifs immobiliers, notamment d'immeubles à usages de bureaux et d'entrepôts. Adresse de l’établissement principal : 11 rue Louis Armand, 77330 Ozoir-la-Ferrière. 
Adresse du siège social : 11 rue Louis Armand, 77330 Ozoir-la-Ferrière. 
Commentaires : Augmentation de capital Changement de l'objet et de l'activité. Date de commencement de l’activité : 14/11/2008. Date d’effet : 03/06/2011.

29/05/2011

Bodacc B

Modification et mutation diverse

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

1543 - 509 331 955 RCS Melun. LE METAL CENTRE. Forme : Société par actions simplifiée. Sigle : LMC. Administration : Président de la société : AMARI METAL FRANCE SAS Commissaire aux comptes titulaire : GRANT THORNTON Commissaire aux comptes suppléant : WILLIAMSON Luc. Capital : 37000 EUR. Activité : L'acquisition, la cession, l'administration, l'exploitation, la gestion d'actifs immobiliers, notamment d'immeubles à usages de bureaux et d'entrepôts. Adresse de l’établissement principal : 11 rue Louis Armand, 77330 Ozoir-la-Ferrière. 
Adresse du siège social : 11 rue Louis Armand, 77330 Ozoir-la-Ferrière. 
Commentaires : Changement de dénomination sociale Changement de président du conseil d'administration. Date de commencement de l’activité : 14/11/2008.Date d’effet : 21/04/2011.

17/05/2011

JAL

Appointment of the social representative

Pays Briard (Le)


Société faisant l'objet d'une nomination : 509331955 - CMIC IMMO, 11 RUE LOUIS ARMAND, 77330 OZOIR LA FERRIERE 
Nominé : 
En la fonction de : Président
Date d'effet : 21/04/2011

17/05/2011

JAL

Resignation / Revocation of the social representative

Pays Briard (Le)


Date de décision : 21/04/2011
La société 509331955 - CMIC IMMO, 11 RUE LOUIS ARMAND, 77330 OZOIR LA FERRIERE 
Fait l'objet du départ de Date d'effet : 21/04/2011

23/11/2010

Bodacc C

Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

11582 - 509331955 RCS. CMIC IMMO. Forme : Société par actions simplifiée. Adresse : 11 rue Louis Armand 77330 Ozoir-la-Ferrière. Commentaires :Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

25/11/2009

Bodacc C

Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

9708 - 509331955 RCS. CMIC IMMO. Forme : Société par actions simplifiée. Adresse : 11 rue Louis Armand 77330 Ozoir-la-Ferrière. Commentaires :Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

02/01/2009

Bodacc A

Création d'établissement

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

1564 - 509 331 955 RCS Melun. CMIC IMMO. Forme : Société par actions simplifiée. Administration : Président de la société : JACKSON Barry. Commissaire aux comptes titulaire : GRANT THORNTON. Commissaire aux comptes suppléant : WILLIAMSON Luc. Capital : 37000 EUR. Adresse : 11 rue Louis Armand, 77330 Ozoir-la-Ferrière. 
Etablissement : Siège social et établissement principal. Activité : L'acquisition, la cession, l'administration, l'exploitation, la gestion d'actifs immobiliers, notamment d'immeubles à usages de bureaux et d'entrepôts. Adresse : 11 rue Louis Armand, 77330 Ozoir-la-Ferrière. 
A dater du : 17/12/2008. Date de commencement de l’activité : 14/11/2008. Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

 

 

Company events history

 

Date

Description

14/01/2015

Bodacc B: Various editing or changing

30/12/2014

Minutes of general meeting of shareholders

26/12/2014

Legal Gazette: Resignation / Revocation of the social representative

10/11/2014

Bodacc C : Deposit accounts notice

08/11/2014

Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness

31/12/2013

New accounts available

04/10/2013

New ultimate parent

27/09/2013

Bodacc C : Deposit accounts notice

10/09/2013

Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness

31/12/2012

New accounts available

19/11/2012

Bodacc C : Deposit accounts notice

10/11/2012

Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness

31/12/2011

New accounts available

24/10/2011

Bodacc C : Deposit accounts notice

20/10/2011

Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness

22/07/2011

Bodacc A : Sale and transfer

15/07/2011

Bodacc B: Various editing or changing

08/07/2011

Amendment

08/07/2011

Updated articles of association

05/07/2011

Declaration of conformity

05/07/2011

Change to corporate purpose

05/07/2011

Capital increase

05/07/2011

Amendment

05/07/2011

Updated articles of association

03/06/2011

New ultimate parent

03/06/2011

New parent detected

03/06/2011

Transfer of Establishment

03/06/2011

Update of Company Activity

03/06/2011

Other modification of Establishment

03/06/2011

Modification of Company Activity

03/06/2011

Update of Company Head Office Identifier

29/05/2011

Bodacc B: Various editing or changing

18/05/2011

Amendment

18/05/2011

New chairman (CEO, CoB)

18/05/2011

Updated articles of association

18/05/2011

New company name

17/05/2011

Legal Gazette: Resignation / Revocation of the social representative

03/05/2011

Planned merger

29/04/2011

Application and court order

29/04/2011

Amendment

21/04/2011

Legal Gazette: Appointment of the social representative

31/12/2010

New accounts available

23/11/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

25/11/2009

Bodacc C : Deposit accounts notice

02/01/2009

Bodacc A : Establishment creation

02/01/2009

New Bodacc A ads detected

31/12/2008

New accounts available

17/12/2008

Amendment

17/12/2008

Articles of association

17/12/2008

Articles of association

17/12/2008

Company formation

17/12/2008

Company formation

17/12/2008

Fund deposit certificate

17/12/2008

Private document

 

 

Synthesized Accounts

 

Annual Accounts

 

31/12/2013

31/12/2012

31/12/2011

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

07/11/2014

09/09/2013

09/11/2012

Activity Code

4672Z

4672Z

4672Z

Employees

44

46

0

 

 

Active account

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

365,687

-25.4 %

490,186

-30.9 %

709,718

69,217

428.3 %

 Intangible assets

0

0%

0

0%

0

0

0%

 Tangible assets

365,687

-25.2 %

488,626

-31.0 %

708,158

27,921

1209.7 %

 Financial assets

0

0%

1,560

0%

1,560

3,237

0%

Net current assets

38,230,481

-5.6 %

40,512,086

-1.2 %

41,022,759

903,958

4129.2 %

 Stocks

12,194,343

-15.2 %

14,387,971

4.4 %

13,781,145

151,612

7943.1 %

 Advanced payments

0

0%

0

0%

0

0

0%

 Receivables

25,770,047

-0.1 %

25,786,808

-2.8 %

26,516,821

341,429

7447.7 %

 Securities and cash

266,091

-21.1 %

337,307

-53.5 %

724,793

95,739

177.9 %

 Prepaid expenses

-

-

-

-

-

0

-

Accounts of regularization

0

0%

0

0%

0

0

0%

Total Assets

38,596,168

-5.9 %

41,002,272

-1.7 %

41,732,477

1,091,451

3436.2 %

 

 

Passive Account

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Shareholders' equity

12,278,716

0.4 %

12,229,318

0.3 %

12,198,124

391,040

3040.0 %

Share capital

11,037,000

0%

11,037,000

0%

11,037,000

80,000

13696.3 %

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

141,626

63.4 %

86,674

9.4 %

79,260

0

0%

Liabilities

26,175,827

-8.8 %

28,686,280

-2.6 %

29,455,094

490,170

5240.2 %

 Financial liabilities

819,695

-53.2 %

1,750,516

-56.3 %

4,003,333

54,000

1418.0 %

 Advanced payments received

0

0%

0

0%

0

0

0%

 Trade account payables

23,141,918

-4.4 %

24,194,625

5.0 %

23,041,760

208,090

11021.1 %

 Tax and social liabilities

1,319,880

0.4 %

1,314,999

-10.6 %

1,470,891

99,331

1228.8 %

 Other debts and fixed assets liabilities

894,333

-37.3 %

1,426,140

51.9 %

939,110

4,800

18531.9 %

Account regularization

0

0%

0

0%

0

0

0%

Total liabilities

38,596,168

-5.9 %

41,002,272

-1.7 %

41,732,478

1,091,451

3436.2 %

 

 

Results

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sales of Goods

108,185,561

-4.0 %

112,650,977

-8.0 %

122,411,244

2,044,677

5191.1 %

Net turnover

107,592,240

-3.6 %

111,616,038

-7.8 %

121,080,515

2,014,639

5240.5 %

 of which net export turnover

0

0%

0

0%

0

0

0%

Operating charges

108,107,928

-4.0 %

112,594,336

-8.0 %

122,341,452

2,031,226

5222.3 %

Operating profit/loss

77,633

37.1 %

56,641

-18.8 %

69,792

26,567

192.2 %

Financial income

41,732

-74.8 %

165,376

801.9 %

18,336

453

9112.4 %

Financial charges

60,451

-64.3 %

169,389

58.9 %

106,597

4,016

1405.3 %

Financial profit/loss

-18,719

-366.5 %

-4,013

95.5 %

-88,261

-493

-3697.0 %

Pretax net operating income

58,914

11.9 %

52,628

385.0 %

-18,469

24,904

136.6 %

Extraordinary income

6,842

-89.4 %

64,378

-48.3 %

124,628

797

758.5 %

Extraordinary charges

62,227

-78.7 %

292,614

19983.3 %

1,457

498

12395.4 %

Extraordinary profit/loss

-55,385

75.7 %

-228,236

-285.3 %

123,171

0

0%

Net result

-3,588

98.2 %

-197,040

-1429.5 %

-12,883

24,681

-114.5 %

 

 

Accounts - Active

 

Normal Account

 

31/12/2013

31/12/2012

31/12/2011

Months

12

12

12

 

 

Grand Total - Active Accounts (I to VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Grand Total (I to VI)

Net

38,596,168

-5.9 %

41,002,272

-1.7 %

41,732,477

Gross

CO

42,018,933

-5.1 %

44,259,336

-1.0 %

44,707,069

Amortisation

1A

3,422,765

5.1 %

3,257,064

9.5 %

2,974,592

Non declared distributed capital (I)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

0

0%

0

0%

0

 

 

Active fixed asset (II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Active fixed asset (II)

Net

365,687

-25.4 %

490,186

-30.9 %

709,718

Gross

BJ

3,590,337

1.7 %

3,531,317

-0.8 %

3,559,970

Amortisation

BK

3,224,650

6.0 %

3,041,131

6.7 %

2,850,252

 

 

Intangible fixed assets

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Start-up cost

Net

0

0%

0

0%

0

Gross

AB

0

0%

0

0%

0

Amortisation

AC

0

0%

0

0%

0

R&D expenses

Net

0

0%

0

0%

0

Gross

CX

0

0%

0

0%

0

Amortisation

AE

0

0%

0

0%

0

Distributorships, patents

Net

0

0%

0

0%

0

Gross

AF

0

0%

0

0%

0

Amortisation

AG

0

0%

0

0%

0

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

0

0%

0

0%

0

Gross

AJ

82,178

0%

0

0%

0

Amortisation

AK

82,178

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

0

0%

0

0%

0

 

 

Tangilble fixed assets

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Lands

Net

0

0%

0

0%

0

Gross

AN

0

0%

0

0%

0

Amortisation

AO

0

0%

0

0%

0

Buildings

Net

18,097

-10.6 %

20,249

-54.5 %

44,513

Gross

AP

218,840

6.2 %

206,122

0%

206,122

Amortisation

AQ

200,743

8.0 %

185,873

15.0 %

161,609

Plant

Net

26,326

-25.3 %

35,252

-60.7 %

89,634

Gross

AR

471,649

-9.8 %

522,649

-6.5 %

559,237

Amortisation

AS

445,323

-8.6 %

487,397

3.8 %

469,603

Other tangible fixed assets

Net

321,264

-25.8 %

433,125

-24.5 %

574,011

Gross

AT

2,817,670

0.6 %

2,800,986

0.3 %

2,793,051

Amortisation

AU

2,496,406

5.4 %

2,367,861

6.7 %

2,219,040

Fixed assets in construction

Net

0

0%

0

0%

0

Gross

AV

0

0%

0

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

365,687

-25.2 %

488,626

-31.0 %

708,158

 

 

Financial assets

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Associates at equity

Net

0

0%

0

0%

0

Gross

CS

0

0%

0

0%

0

Amortisation

CT

0

0%

0

0%

0

Other participations

Net

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

0%

0

Other financial assets

Net

0

0%

1,560

0%

1,560

Gross

BH

0

0%

1,560

0%

1,560

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

0

0%

1,560

0%

1,560

 

 

Current Assets (III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Assets

Net

38,230,481

-5.6 %

40,512,086

-1.2 %

41,022,759

Gross

CJ

38,428,596

-5.6 %

40,728,019

-1.0 %

41,147,099

Amortisation

CK

198,115

-8.3 %

215,933

73.7 %

124,340

 

 

Stocks

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Raw materials

Net

0

0%

0

0%

0

Gross

BL

0

0%

0

0%

0

Amortisation

BM

0

0%

0

0%

0

Work in progress (goods)

Net

0

0%

0

0%

0

Gross

BN

0

0%

0

0%

0

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

0

0%

0

0%

0

Gross

BR

0

0%

0

0%

0

Amortisation

BS

0

0%

0

0%

0

Goods for resale

Net

12,194,343

-15.2 %

14,387,971

4.4 %

13,781,145

Gross

BT

12,392,458

-15.1 %

14,603,904

5.0 %

13,905,485

Amortisation

BU

198,115

-8.3 %

215,933

73.7 %

124,340

Sub Total Stocks

Net

12,194,343

-15.2 %

14,387,971

4.4 %

13,781,145

 

 

 

 

Advance payments to suppliers

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Advance payments to suppliers

Net

0

0%

0

0%

0

Gross

BV

0

0%

0

0%

0

Amortisation

BW

0

0%

0

0%

0

 

 

Debtors

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Trade accounts receivable

Net

25,576,241

0.7 %

25,396,542

-2.2 %

25,970,940

Gross

BX

25,576,241

0.7 %

25,396,542

-2.2 %

25,970,940

Amortisation

BY

0

0%

0

0%

0

Other debtors

Net

191,797

-49.9 %

383,039

3.5 %

370,170

Gross

BZ

191,797

-49.9 %

383,039

3.5 %

370,170

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

25,768,038

0.0 %

25,779,581

-2.1 %

26,341,110

 

 

Divers

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Investment securities

Net

23,313

0.0 %

23,312

0%

23,312

Gross

CD

23,313

0.0 %

23,312

0%

23,312

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

242,778

-22.7 %

313,995

-55.2 %

701,481

Gross

CF

242,778

-22.7 %

313,995

-55.2 %

701,481

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

266,091

-21.1 %

337,307

-53.5 %

724,793

 

 

Prepaid expenses

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Prepaid expenses

Net

2,009

-72.2 %

7,227

-95.9 %

175,711

Gross

CH

2,009

-72.2 %

7,227

-95.9 %

175,711

Amortisation

CI

0

0%

0

0%

0

 

 

Equalization accounts (IV to VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

0

0%

0

0%

0

Gross

0

0%

0

0%

0

 

 

References

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Grand Total (I to V)

EE

38,596,168

-5.9 %

41,002,272

-1.7 %

41,732,478

 

Shareholder Equity (I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total shareholders' equity (Total I)

DL

12,278,716

0.4 %

12,229,318

0.3 %

12,198,124

Equity and shareholders' equity

DA

11,037,000

0%

11,037,000

0%

11,037,000

Issue and merger premiums

DB

424,138

0%

424,138

0%

424,138

Revaluation differentials

DC

0

0%

0

0%

0

Of which equity differential

EK

0

0%

0

0%

0

Legal reserve

DD

0

0%

0

0%

0

Statutory or contractual reserve

DE

0

0%

0

0%

0

Special regulated reserves

DF

0

0%

0

0%

0

Of which special reserve of provisions for current fluctuation

B1

0

0%

0

0%

0

Other reserves

DG

0

0%

0

0%

0

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

-220,988

-822.8 %

-23,948

-116.4 %

-11,064

Profit or loss for the period

DI

-3,588

98.2 %

-197,040

-1429.5 %

-12,883

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

1,042,154

5.4 %

989,168

30.0 %

760,933

Other capital resources (II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total other capital resources (Total II)

DO

0

0%

0

0%

0

Income from participating securities

DM

0

0%

0

0%

0

Conditional loans

DN

0

0%

0

0%

0

 

 

Provisions for risks and charges (III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total provisions for risks and charges (Total III)

DR

141,626

63.4 %

86,674

9.4 %

79,260

Risk provisions

DP

39,000

0%

0

0%

0

Reserves for charges

DQ

102,626

18.4 %

86,674

9.4 %

79,260

 

 

Liabilities (IV)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Liabilities (Total IV)

EC

26,175,827

-8.8 %

28,686,280

-2.6 %

29,455,094

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

819,695

0%

0

0%

2,817

Sundry loans and financial liabilities

DV

0

0%

1,750,516

-56.2 %

4,000,516

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

23,141,918

-4.4 %

24,194,625

5.0 %

23,041,760

Tax and social security liabilities

DY

1,319,880

0.4 %

1,314,999

-10.6 %

1,470,891

Fixed asset liabilities

DZ

0

0%

0

0%

0

Other debts

EA

894,333

-37.3 %

1,426,140

51.9 %

939,110

 

 

Translation loss (V)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Translation loss (Total V)

ED

0

0%

0

0%

0

 

 

Equalization accounts

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Deferred income

EB

0

0%

0

0%

0

 

 

References

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Of which tax-allowable reserve

EF

0

0%

0

0%

0

Deferred income and liabilities

EG

0

0%

0

0%

0

Of which current bank facilities

EH

0

0%

0

0%

0

 

 

Result account

 

1 - Operating result (I-II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating result (Total I-II)

GG

77,633

37.1 %

56,641

-18.8 %

69,792

 

2 - Financial result (V-VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Financial result (Total V-VI)

GV

-18,719

-366.5 %

-4,013

95.5 %

-88,261

 

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

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

GW

58,914

11.9 %

52,628

385.0 %

-18,469

 

4 - Extraordinary result (VII-VIII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Extraordinary result (Total VII-VIII)

HI

-55,385

75.7 %

-228,236

-285.3 %

123,171

 

 

Profit or loss

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Profit or loss

HN

-3,588

98.2 %

-197,040

-1429.5 %

-12,883

 

 

Total Income (I+III+V+VII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

HL

108,234,135

-4.1 %

112,880,731

-7.9 %

122,554,208

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

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

HM

108,237,725

-4.3 %

113,077,770

-7.7 %

122,567,087

 

 

Operating income (I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total operating income (Total I)

FR

108,185,561

-4.0 %

112,650,977

-8.0 %

122,411,244

 

 

Operating income (details)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sale of goods for resale

FC

0

0%

0

0%

0

France

FA

0

0%

0

0%

0

Export

FB

0

0%

0

0%

0

Sale of goods produced

FF

0

0%

0

0%

0

France

FD

0

0%

0

0%

0

Export

FE

0

0%

0

0%

0

Sale of services

FI

107,592,240

-3.6 %

111,616,038

-7.8 %

121,080,515

France

FG

107,592,240

-3.6 %

111,616,038

-7.8 %

121,080,515

Export

FH

0

0%

0

0%

0

Net turnover

FL

107,592,240

-3.6 %

111,616,038

-7.8 %

121,080,515

France

FJ

107,592,240

-3.6 %

111,616,038

-7.8 %

121,080,515

Export

FK

0

0%

0

0%

0

Stocked production

FM

0

0%

0

0%

0

Self-constructed assets

FN

0

0%

0

0%

0

Operating grants

FO

0

0%

0

0%

0

Release of reserves and provisions

FP

43,652

1832.4 %

2,259

-98.0 %

112,481

Other income

FQ

549,669

-46.8 %

1,032,680

-15.2 %

1,218,248

 

 

Operating charges (II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total operating charges (Total II)

GF

108,107,928

-4.0 %

112,594,336

-8.0 %

122,341,452

 

 

Exploitation charges

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Purchase of goods for resale

FS

99,597,166

-6.6 %

106,640,969

-9.0 %

117,157,664

Change in stocks of goods for resale

FT

2,211,446

397.7 %

-742,839

59.2 %

-1,821,017

Purchase of raw materials

FU

298,789

25.4 %

238,287

-61.8 %

623,411

Change in stocks of raw materials

FV

0

0%

44,421

484.7 %

-11,547

Other external purchases and charges

FW

3,126,738

-14.2 %

3,645,468

0.1 %

3,641,953

Tax, duty and similar payments

FX

393,075

-8.9 %

431,682

3.1 %

418,756

Payroll

FY

1,299,674

2.9 %

1,263,519

-7.5 %

1,366,454

Social security costs

FZ

535,525

-3.4 %

554,232

-4.0 %

577,274

 

 

Depreciation

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Depreciation of fixed assets

GA

166,939

-26.6 %

227,467

-7.7 %

246,491

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

17,182

-81.2 %

91,593

1743.7 %

4,968

Provisions for risks and charges

GD

54,952

468.1 %

9,673

-87.8 %

79,260

 

 

Other charges

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Other charges

GE

406,443

114.1 %

189,864

228.6 %

57,785

 

 

Operating charges (III-IV)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

GH

0

0%

0

0%

0

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

GI

0

0%

0

0%

0

 

 

Financial income (V)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total financial income (Total V)

GP

41,732

-74.8 %

165,376

801.9 %

18,336

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

28,127

28.0 %

21,966

21.8 %

18,028

Released provisions and transferred charges

GM

0

0%

0

0%

0

Exchange gains

GN

13,605

-90.5 %

143,410

46461.7 %

308

Net income from disposal of investment securities

GO

0

0%

0

0%

0

 

 

Financial charge (VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total financial charge (Total VI)

GU

60,451

-64.3 %

169,389

58.9 %

106,597

Financial reserves and provisions

GQ

0

0%

0

0%

0

Interest and similar charges

GR

29,511

-74.7 %

116,434

9.2 %

106,596

Exchange losses

GS

30,940

-41.6 %

52,955

5295400.0 %

1

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

 

 

Extraordinary income (VII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total extraordinary income (Total VII)

HD

6,842

-89.4 %

64,378

-48.3 %

124,628

Extraordinary operating income

HA

0

0%

0

0%

0

Extraordinary income from capital transactions

HB

1,002

0%

0

0%

7,000

Released provisions and transferred charges

HC

5,840

-90.9 %

64,378

-45.3 %

117,628

 

 

Extraordinary charges (VIII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total extraordinary charges (Total VIII)

HH

62,227

-78.7 %

292,614

19983.3 %

1,457

Extraordinary operating charges

HE

0

0%

0

0%

0

Extraordinary charges from capital transactions

HF

3,402

0%

0

0%

1,457

Extraordinary reserves and provisions

HG

58,825

-79.9 %

292,614

0%

0

 

 

Employee profit sharing (IX)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Employee profit sharing (Total IX)

HJ

7,119

-66.8 %

21,431

-26.1 %

29,000

 

 

Tax on profits (X)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Tax on profits (Total X)

HK

0

0%

0

0%

88,581

 

 

References

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Of which equipment leases

HP

0

0%

0

0%

0

Of which property leases

HQ

0

0%

0

0%

0

Of which transferred charges

A1

0

0%

0

0%

0

Of which trader's own contributions

A2

0

0%

0

0%

0

Of which royalties on licences and patents (income)

A3

0

0%

0

0%

0

Of which royalties on licences and patents (charges)

A4

0

0%

0

0%

0

 

 

Other incomes tax return forms

Fixed Assets

 

Grand Total Fixed Assets (I to IV)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

OG

0

0%

0

0%

0

Increasess due to revaluation

OH

0

0%

0

0%

0

Decreasess, acquisitions, creations, contributions

OJ

0

0%

0

0%

0

Decreasess by budget item transfer

OK1

0

0%

0

0%

0

Decreasess by transfers

OK2

69,000

0%

0

0%

0

Gross value at the end of period

OL

3,590,338

0%

0

0%

0

 

 

Research and development Charge (Total I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

CZ

0

0%

0

0%

0

Increasess due to revaluation

KB

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KC

0

0%

0

0%

0

Decreasess by budget item transfer

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)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

KD

82,178

0%

0

0%

0

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

0

0%

0

0%

0

Decreasess by budget item transfer

LV1

0

0%

0

0%

0

Decreasess by transfers

LV2

0

0%

0

0%

0

Gross value at the end of period

LW

82,178

0%

0

0%

0

 

 

Tangible fixed assets (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

LN

3,529,759

0%

0

0%

0

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

47,401

0%

0

0%

0

Decreasess by budget item transfer

NG1

0

0%

0

0%

0

Decreasess by transfers

NG2

69,000

0%

0

0%

0

Gross value at the end of period

NH

3,508,160

0%

0

0%

0

 

 

Financial assets (Total IV)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

LQ

0

0%

0

0%

0

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

0

0%

0

0%

0

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

0

0%

0

0%

0

Gross value at the end of period

NK

0

0%

0

0%

0

 

 

Reserve for depreciation

 

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

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Reserve for depreciation value at begin of period

CY

0

0%

0

0%

0

Increases

PB

0

0%

0

0%

0

Decreasess

PC

0

0%

0

0%

0

Decreasess by budget item transfer

PD

0

0%

0

0%

0

 

 

Other intangible assets (Total II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Reserve for depreciation value at begin of period

PE

82,178

0.0 %

82,177

0%

0

Increases

PF

0

0%

0

0%

82,177

Decreasess

PG

0

0%

0

0%

0

Decreasess by budget item transfer

PH

82,178

0.0 %

82,177

0%

82,177

 

Total fixed assets amotisation (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Reserve for depreciation value at begin of period

QU

3,041,133

6.7 %

2,850,251

0%

0

Increases

QV

166,938

-12.5 %

190,877

-93.9 %

3,113,485

Decreases

QW

65,598

0%

0

0%

263,233

Decreasess by budget item transfer

QX

3,142,473

3.3 %

3,041,128

6.7 %

2,850,252

 

 

Movements during period affecting charge allocated over several period

 

Deferred charges and debt issuance costs

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

Z91

0

0%

0

0%

0

Increases

Z92

0

0%

0

0%

0

Depreciation of fixed assets during period

Z9

0

0%

0

0%

0

Decreasess by budget item transfer

B1

0

0%

0

0%

0

 

 

Premium refund of obligations

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

7C

1,291,776

0%

0

0%

0

Increases

UB

130,959

0%

0

0%

0

Decreases

UC

40,840

0%

0

0%

0

Value at the end of period

UD

1,381,895

0%

0

0%

0

 

 

Includes Total allocations

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating

UE

72,134

0%

0

0%

0

Financial

UG

0

0%

0

0%

0

Exceptional

UJ

58,825

0%

0

0%

0

 

 

Includes Total Withdrawal

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating

UF

35,000

0%

0

0%

0

Financial

UH

0

0%

0

0%

0

Exceptional

UK

5,840

0%

0

0%

0

 

 

Total regulated provisions (Total I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

3Z

989,169

0%

0

0%

0

Increases

TS

58,825

0%

0

0%

0

Decreases

TT

5,840

0%

0

0%

0

Value at the end of period

TU

1,042,154

0%

0

0%

0

 

 

Total risk and charge provisions (Total II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

5Z

86,674

0%

0

0%

0

Increases

TV

54,952

0%

0

0%

0

Decreases

TW

0

0%

0

0%

0

Value at the end of period

TX

141,626

0%

0

0%

0

Total Provision for depreciation (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

7B

215,933

0%

0

0%

0

Increases

TY

17,182

0%

0

0%

0

Decreases

TZ

35,000

0%

0

0%

0

Value at the end of period

UA

198,115

0%

0

0%

0

 

 

State deadlines claims and debts at the end of period

 

State claims

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value

VT

25,770,047

-0.1 %

25,788,368

0%

0

1 year at most

VU

25,770,047

-0.1 %

25,788,368

0%

0

More than one year

VV

0

0%

0

0%

0

 

 

State of loans        

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Claims related to holdings (gross)

UL

0

0%

0

0%

0

Claims related to shareholdings (1 year at most)

UM

0

0%

0

0%

0

Loans (gross)

UP

0

0%

0

0%

0

Loans (1 year at most)

UR

0

0%

0

0%

0

Other financial assets (gross)

UT

0

0%

1,560

0%

0

Other financial assets (1 year at most)

UV

0

0%

1,560

0%

0

 

 

Receivables statement of assets

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Customers doubtful or disputed

VA

25,576,241

0.7 %

25,396,542

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

500

-38.4 %

812

0%

0

Social Security and other social organizations

UZ

870

-44.2 %

1,560

0%

0

Income taxes

VM

178,291

0%

0

0%

0

Value added tax

VB

0

0%

380,667

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

9,484

0%

0

0%

0

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

VR

2,652

0%

0

0%

0

 

 

Prepaid

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Prepaid

VS

2,009

-72.2 %

7,227

0%

0

 

 

State Debt

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total debt (gross)

VY

26,175,826

-8.8 %

28,686,279

0%

0

1 year at most

VZ2

26,175,826

-8.8 %

28,686,279

0%

0

More than 1 year and 5 years at most

VZ3

0

0%

0

0%

0

More than 5 years

VZ4

0

0%

0

0%

0

 

 

Details

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Convertible bonds (gross)

7Y1

0

0%

0

0%

0

1 year at most

7Y2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Y3

0

0%

0

0%

0

Other bonds (gross)

7Z1

0

0%

0

0%

0

1 year at most

7Z2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Z3

0

0%

0

0%

0

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

VG1

0

0%

0

0%

0

1 year at most

VG2

0

0%

0

0%

0

More than 1 year and 5 years at most

VG3

0

0%

0

0%

0

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

VH1

819,695

0%

0

0%

0

1 year at most

VH2

819,695

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

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

23,141,918

-4.4 %

24,194,625

0%

0

1 year at most

8B2

23,141,918

-4.4 %

24,194,625

0%

0

More than 1 year and 5 years at most

8B3

23,141,918

-4.4 %

24,194,625

0%

0

Personnel and associated accounts (gross)

8C1

285,987

-5.0 %

301,032

0%

0

1 year at most

8C2

285,987

-5.0 %

301,032

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

144,225

-2.9 %

148,507

0%

0

1 year at most

8D2

144,225

-2.9 %

148,507

0%

0

More than 1 year and 5 years at most

8D3

0

0%

0

0%

0

Taxes on profits (gross)

8E1

0

0%

0

0%

0

1 year at most

8E2

0

0%

0

0%

0

More than 1 year and 5 years at most

8E3

0

0%

0

0%

0

VAT (Gross)

VW1

0

0%

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

889,668

2.8 %

865,459

0%

0

1 year at most

VQ2

889,668

2.8 %

865,459

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%

1,750,516

0%

0

1 year at most

VI2

0

0%

1,750,516

0%

0

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

894,333

-37.3 %

1,426,140

0%

0

1 year at most

8K2

894,333

-37.3 %

1,426,140

0%

0

More than 1 year and 5 years at most

8K3

0

0%

0

0%

0

Debt representative of borrowed securities (gross)

SZ1

0

0%

0

0%

0

1 year at most

SZ2

0

0%

0

0%

0

More than 1 year and 5 years at most

SZ3

0

0%

0

0%

0

Products in advance (gross)

8L1

0

0%

0

0%

0

1 year at most

8L2

0

0%

0

0%

0

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

 

 

References

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Loans made during the period

VJ

0

0%

0

0%

0

Debt repaid during the period

VK

0

0%

0

0%

0

 

 

Table allocation results and other information

 

Dividends distributed

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Dividends

ZE

0

0%

0

0%

0

 

 

Commitments

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Commitments leasing furniture

YQ

0

0%

0

0%

0

Commitments Real Estate Leasing

YR

0

0%

0

0%

0

Effects brought to the discount and unmatured

YS

0

0%

0

0%

0

 

 

Other charges Externes

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Subcontracting

YT

0

0%

0

0%

0

Rentals, rental charges and condominiums

XQ

0

0%

0

0%

0

Staff outside the company

YU

0

0%

0

0%

0

Remuneration intermediaries and fees (excluding fees)

SS

0

0%

0

0%

0

Fees, commissions and brokerage

YV

0

0%

0

0%

0

Other accounts

ST

0

0%

0

0%

0

Total Other purchases and external

ZJ

0

0%

0

0%

0

Taxes and Fees

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Business tax

YW

0

0%

0

0%

0

Other taxes and payments assimilated

9Z

0

0%

0

0%

0

Total taxes and fees

YX

0

0%

0

0%

0

 

 

VAT

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Amount VAT collected

YY

0

0%

0

0%

0

Total VAT on goods and services

YZ

0

0%

0

0%

0

 

 

Average number of employees

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Average number of employees

YP

44

-4.3 %

46

0%

0

Groups and Shareholders

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Groups and Shareholders

ZR

0

-

-

-

-

 

 

Ratios

 

Structure and Liquidity

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Fixed Asset Financing

4.59

-5.2 %

4.84

-9.9 %

5.37

2.81

63.3 %

Global Debt

88 days

-5.4 %

93 days

5.7 %

88 days

88 days

0%

Working Capital Fund overall net

43 days

-2.3 %

44 days

-4.3 %

46 days

71 days

-39.4 %

Financial independence

1,497.96 %

114.4 %

698.61 %

129.3 %

304.70 %

289.94 %

416.6 %

Solvability

31.81 %

6.6 %

29.83 %

2.1 %

29.23 %

42.49 %

-25.1 %

Capacity debt futures

1,497.96 %

-

-

-

-

1,441.30 %

3.9 %

Coverage of current assets by net working capital overall

33.48 %

0.5 %

33.32 %

-12.3 %

37.98 %

49.48 %

-32.3 %

General Liquidity

0.98

8.9 %

0.90

-

-

0.80

22.5 %

Restricted Liquidity

0.99

8.8 %

0.91

-

-

1.21

-18.2 %

 

 

Management or rotation

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Need background in operating working capital

42 days

-2.3 %

43 days

-2.3 %

44 days

39 days

7.7 %

Treasury

1 days

0%

1 days

-50.0 %

2 days

12 days

-91.7 %

Inventory turnover of goods

44 days

-12.0 %

50 days

16.3 %

43 days

53 days

-17.0 %

Average length of credit granted to customers

86 days

4.9 %

82 days

6.5 %

77 days

54 days

59.3 %

Average length of credit obtained suppliers

79 days

0%

79 days

14.5 %

69 days

56 days

41.1 %

Inventory turnover of raw materials in industrial enterprises

0 days

0%

0 days

0%

0 days

0 days

0%

Inventory turnover of intermediate and finished products in the industrial enterprise

-

-

-

-

-

629 days

-

Rotation tangible assets

3,066.91 %

-

-

-

-

1,121.30 %

173.5 %

 

 

Profitability of the business

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Margin trading

-94.62 %

0.3 %

-94.88 %

0.4 %

-95.26 %

17.22 %

-649.5 %

Profitability of the business

0.12 %

129.3 %

-0.41 %

43.1 %

-0.72 %

2.50 %

-95.2 %

Net profit

0.00 %

0%

-0.18 %

-1700.0 %

-0.01 %

1.36 %

0%

Growth rate of turnover (excluding VAT)

-3.61 %

53.8 %

-7.82 %

0%

0.00 %

-6.88 %

47.5 %

Rates integration

2.19 %

36.9 %

1.60 %

30.1 %

1.23 %

14.88 %

-85.3 %

Rate leasing furniture

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Work Factor

77.83 %

-23.4 %

101.57 %

-22.1 %

130.45 %

69.25 %

12.4 %

Weight interests

0.06 %

-60.0 %

0.15 %

66.7 %

0.09 %

0.17 %

-64.7 %

 

 

 

 

Return on capital

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Cash flow from the overall profitability

0.17 %

-41.4 %

0.29 %

52.6 %

0.19 %

2.01 %

-91.5 %

Rates of economic profitability

1.00 %

133.3 %

-3.00 %

40.0 %

-5.00 %

8.01 %

-87.5 %

Financial profitability

12,278,716.00 %

0.4 %

12,229,318.00 %

0.3 %

12,198,124.00 %

384,831.00 %

3090.7 %

Return on investment

0.43 %

315.0 %

-0.20 %

-134.5 %

0.58 %

7.09 %

-93.9 %

 

 

Management intermediate balances

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Turnover

107,592,240

-3.6 %

111,616,038

-7.8 %

121,080,515

2,014,639

5240.5 %

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sales of goods

0

0%

0

0%

0

-

- Purchase of goods

99,597,166

-6.6 %

106,640,969

-9.0 %

117,157,664

-

+/- Stock of goods variation

2,211,446

397.7 %

-742,839

59.2 %

-1,821,017

-

Trading margin

-101,808,612 €

3.9 %

-105,898,130 €

8.2 %

-115,336,647 €

256,207 €

-39836.9 %

-94.62 % CA

0.3 %

-94.88 % CA

0.4 %

-95.26 % CA

18.11 % CA

-622.5 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sale of goods produced

107,592,240

-3.6 %

111,616,038

-7.8 %

121,080,515

-

+/- Stocked production

0

0%

0

0%

0

-

+ Self-constructed assets

0

0%

0

0%

0

-

Period production

107,592,240 €

-3.6 %

111,616,038 €

-7.8 %

121,080,515 €

50,441 €

213203.1 %

100.00 % CA

0%

100.00 % CA

0%

100.00 % CA

2.40 % CA

4066.7 %

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Trading margin

-101,808,612

3.9 %

-105,898,130

8.2 %

-115,336,647

256,207

-39836.9 %

+ Period Production

107,592,240

-3.6 %

111,616,038

-7.8 %

121,080,515

50,441

213203.1 %

- Purchase of raw materials

298,789

25.4 %

238,287

-61.8 %

623,411

-

+/- Change in stocks of raw materiels

0

0%

44,421

484.7 %

-11,547

-

- Other external purchases and charges

3,126,738

-14.2 %

3,645,468

0.1 %

3,641,953

-

Added value

2,358,101 €

31.8 %

1,789,732 €

20.1 %

1,490,051 €

295,808 €

697.2 %

2.19 % CA

36.9 %

1.60 % CA

30.1 %

1.23 % CA

14.88 % CA

-85.3 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Added value

2,358,101 €

31.8 %

1,789,732 €

20.1 %

1,490,051 €

295,808 €

697.2 %

+ Operating grants

0

0%

0

0%

0

-

- Tax, duty and similar payments

393,075

-8.9 %

431,682

3.1 %

418,756

-

- Personal charges

1,835,199

1.0 %

1,817,751

-6.5 %

1,943,728

-

Gross operating surplus

129,827 €

128.2 %

-459,701 €

47.3 %

-872,433 €

38,985 €

233.0 %

0.12 % CA

129.3 %

-0.41 % CA

43.1 %

-0.72 % CA

2.50 % CA

-95.2 %

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Gross operating surplus

129,827 €

128.2 %

-459,701 €

47.3 %

-872,433 €

38,985 €

233.0 %

+ Release of reserves and provisions

43,652

1832.4 %

2,259

-98.0 %

112,481

-

+ Other operating income

549,669

-46.8 %

1,032,680

-15.2 %

1,218,248

-

- Depreciation/ Amortisation

239,073

-27.3 %

328,733

-0.6 %

330,719

-

- Other charges

406,443

114.1 %

189,864

228.6 %

57,785

-

Operating result

77,632 €

37.1 %

56,641 €

-18.8 %

69,792 €

26,567 €

192.2 %

0.07 % CA

40.0 %

0.05 % CA

-16.7 %

0.06 % CA

1.72 % CA

-95.9 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Operating result

77,632 €

37.1 %

56,641 €

-18.8 %

69,792 €

26,567 €

192.2 %

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

0

0%

0

0%

0

-

+ Financial income

41,732

-74.8 %

165,376

801.9 %

18,336

-

- Financial charges

60,451

-64.3 %

169,389

58.9 %

106,597

-

Pre-tax result

58,913 €

11.9 %

52,628 €

385.0 %

-18,469 €

24,904 €

136.6 %

0.05 % CA

0%

0.05 % CA

350.0 %

-0.02 % CA

1.60 % CA

-96.9 %

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Extraordinary income

6,842

-89.4 %

64,378

-48.3 %

124,628

797

758.5 %

- Extraordinary charges

62,227

-78.7 %

292,614

19983.3 %

1,457

-

Extraordinary result

-55,385 €

75.7 %

-228,236 €

-285.3 %

123,171 €

0 €

0%

-0.05 % CA

75.0 %

-0.20 % CA

-300.0 %

0.10 % CA

0.00 % CA

0%

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Pre-tax result

58,913 €

11.9 %

52,628 €

385.0 %

-18,469 €

24,904 €

136.6 %

Extraordinary result

-55,385 €

75.7 %

-228,236 €

-285.3 %

123,171 €

0 €

0%

- Employee profit sharing

7,119

-66.8 %

21,431

-26.1 %

29,000

-

- Tax on profits

0

0%

0

0%

88,581

-

Net result

-3,591 €

98.2 %

-197,039 €

-1429.9 %

-12,879 €

24,682 €

-114.5 %

0.00 % CA

0%

-0.18 % CA

-1700.0 %

-0.01 % CA

1.36 % CA

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 :

KAR

 

 

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.