MIRA INFORM REPORT

 

 

Report No. :

310477

Report Date :

13.03.2015

 

IDENTIFICATION DETAILS

 

Correct Name :

AMPLITUDE SYSTEMES 

 

 

Registered Office :

6, All Des Lumieres Bat Meropa 11, Avenue De Canteranne Cité De La Photonique 33600 Pessac

 

 

Country :

France

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

March 2002

 

 

Com. Reg. No.:

RCS Bordeaux B 441 414 117

 

 

Legal Form :

Public Limited Company With Board Of Directors

 

 

Line of Business :

Engaged in developing and manufacturing Diode-Pumped Ultrafast Solid-State lasers for Scientific and Industrial Applications.

 

Subject product ranges includes:

 

t-Pulse series of high energy diode-pumped femtosecond and picosecond oscillators, with pulse energy in the microJoule level.

 

s-Pulse series of high repetition rate, high average power femtosecond and picosecond amplifiers

 

Tangerine high power ultrafast fiber laser.

 

Satsuma compact ultrafast fiber laser.

 

Optional extensions, offering extended wavelength range, ultrashort pulse duration, flexible pulse control

 

 

No of Employees :

17 (31.03.2008)

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

Clear 

 

NOTES :

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

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


France ECONOMIC OVERVIEW

 

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

 

Source : CIA

 

 


Company name & address

 

SIRET

441 414 117 00032

Name

AMPLITUDE SYSTEMES

Type of Establishment

Head Office

Postal Address

AMPLITUDE SYSTEMES
6, ALL DES LUMIERES BAT MEROPA
11, avenue de Canteranne Cité de la Photonique 33600 Pessac - France

Telephone

05 56 08 12 85

Share Capital

100,005 Euros

Incorporation Date

03/2002

Nationality

France

APE/NAF Code

2670Z

Currency

Euros

Activity (APE)

Engaged in developing and manufacturing Diode-Pumped Ultrafast Solid-State lasers for Scientific and Industrial Applications.

Last account Date

31/03/2010

Formation Date

03/2002

Fax

-

EUR VAT Number

FR12441414117

Legal form

Public limited company with board of directors

Court Registry Number

20 0 2B00796

Registration Court

Bordeaux (33)

RCS Registration

RCS Bordeaux B 441 414 117

 

 

Key Financials

 

YEAR TO DATE

TURNOVER

GROSS OPERATING SURPLUS

SHAREHOLDER'S EQUITY

NET RESULT

EMPLOYEES

31/03/2010

6,089,464 €

38.08% Turnover

2,325,319 €

1,258,831 €

17 (31.03.2008)

31/03/2009

2,912,854 €

28.51% Turnover

1,069,777 €

243,865 €

-

31/03/2008

2,556,932 €

31.96% Turnover

828,069 €

269,822 €

-

 

Ultimate Holding Company

 

Name

Company Number

AMPLITUDE LASER GROUP

434637005

 


Directors

 

Current Directors

4

 

Preferential Right

 

No social security and tax office preferential right to date

 

 

establishment Details

 

Type of Establishment

Head Office

 

 

Activity

Engaged in developing and manufacturing Diode-Pumped Ultrafast Solid-State lasers for Scientific and Industrial Applications.

 

 

Product Details

Subject product ranges includes:

 

t-Pulse series of high energy diode-pumped femtosecond and picosecond oscillators, with pulse energy in the microJoule level.

 

s-Pulse series of high repetition rate, high average power femtosecond and picosecond amplifiers

 

Tangerine high power ultrafast fiber laser.

 

Satsuma compact ultrafast fiber laser.

 

Optional extensions, offering extended wavelength range, ultrashort pulse duration, flexible pulse control

 

 

Formation Date

March 2002

Reason for Formation

Other

Trading Address

6, All Des Lumieres Bat Meropa 11, Avenue De Canteranne Cité De La Photonique 33600 Pessac

Department

-

City

PESSAC

Status

Economically active

Business Pages FT®

-

Region

Aquitaine

 


Ultimate Parent(s)

 

1 ultimate parent company/companies for this company

 

Company Name

Activity (APE)

APE/NAF Code

City

Post Code

AMPLITUDE LASER GROUP

Activities of holding companies

6420Z

LISSES

91090

 

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

Activity

City

Post Code

AMPLITUDE SYSTEMES

Head Office

Engaged in developing and manufacturing Diode-Pumped Ultrafast Solid-State lasers for Scientific and Industrial Applications.

PESSAC

33600

AMPLITUDE SYSTEMES

Branch

Engaged in developing and manufacturing Diode-Pumped Ultrafast Solid-State lasers for Scientific and Industrial Applications.

PESSAC

33600

 

Workforces

 

Company workforce

11 (31.03.2008)

 

 

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 debtor days are 126.91

 

The liquidity acid test is less than 65%

 

The sales to current assets ratio is 1.49

 

The tangible fixed assets are 193,096 €

 

The company is 12 years old

 

Industry code with low risk rating

 

The return on total assets employed is positive

 

The ratio total assets to total liabilities is 2.41

 

The shareholder's equity is more than 250,000€

 

The pre-tax profit is more than 25,000€

 

 

 

Collective procedures

 

No judgment information for the company

 

Preferential rights details and history

 

Summary of preferential rights

Company monitored since

19/12/2014

Status of Monitoring

No social security and tax office preferential right to date

 

Group Data

 

Ultimate parent company

AMPLITUDE LASER GROUP

Direct parent

AMPLITUDE LASER GROUP - 99.8 %

Group – Number of companies

4

 

NAME

SIREN

PARTS

LAST ACCOUNT PUBLISHED

AMPLITUDE LASER GROUP

434637005

-

31/03/2013

AMPLITUDE SYSTEMES

441414117

99.80 %

31/03/2010

AMPLITUDE TECHNOLOGIES

435314935

99.90 %

31/03/2014

CONTINUUM LASERS

-

Majority

-

 


Linkages

 

No Linkages information available for the company.

 

Shareholder(s)

 

Name

PHASE

Name of representative

M RIBOULET GILLES MARCEL

Manager position

Administrator

Date of birth

14/02/1956

Place of birth

SAVIGNY SUR ORGE

Type

Moral person

Name at birth

 

Director(s)

 

Name

M. VIGROUX LUC-MARIE

Manager position

Administrator

Date of birth

28/03/1965

Place of birth

REQUISTA

Type

Individual

Name at birth

Name

M. RIBOULET GILLES MARCEL

Manager position

Administrator, Delegated managing director

Date of birth

14/02/1956

Place of birth

SAVIGNY SUR ORGE

Type

Individual

Name at birth

 

Name

M. MOTTAY ERIC PAUL

Manager position

Managing director, Chairman of the Board

Date of birth

17/07/1963

Place of birth

CHOLET

Type

Individual

Name at birth

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

Chairman of the Board

M. MOTTAY ERIC PAUL

17/07/1963 - CHOLET

Chairman of the Board

M. MOTTAY ERIC

17/07/1963 - CHOLET

Managing director

M. MOTTAY ERIC PAUL

17/07/1963 - CHOLET

Managing director

M. MOTTAY ERIC

17/07/1963 - CHOLET

Delegated managing director

M. RIBOULET GILLES MARCEL

14/02/1956 - SAVIGNY SUR ORGE

Administrator

M. DUPUY MARCEL

29/10/1939 - BORDEAUX

Administrator

PHASE

-

Administrator

PHASE

14/02/1956 - SAVIGNY SUR ORGE

Administrator

M. RIBOULET GILLES MARCEL

14/02/1956 - SAVIGNY SUR ORGE

Administrator

M. VIGROUX LUC-MARIE

28/03/1965 - REQUISTA

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

19/10/2014

Bodacc B

Modification et mutation diverse

33 - GIRONDE

GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX

370 - 441 414 117 RCS Bordeaux. AMPLITUDE SYSTEMES. Forme : Société anonyme. Administration : Administrateur : PHASE représenté par RIBOULET Gilles Marcel modification le 29 Avril 2004 Directeur général délégué Administrateur : RIBOULET Gilles Marcel Président du conseil d'administration Directeur général : MOTTAY Eric Paul en fonction le 18 Décembre 2003 Administrateur : VIGROUX Luc-Marie en fonction le 02 Novembre 2009 Commissaire aux comptes suppléant : SERVANS Jean-Noël en fonction le 04 Novembre 2010 Commissaire aux comptes titulaire : SOFIDEM & Associes en fonction le 09 Octobre 2014.Activité : . 
Commentaires : Modification de représentant.

12/06/2011

Bodacc B

Modification et mutation diverse

33 - GIRONDE

GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX

843 - 441 414 117 RCS Bordeaux. AMPLITUDE SYSTEMES. Forme : Société anonyme. Activité : . 
Adresse du siège social : Cité de la Phtonique, 11 Av de Canteranne Bât Meropa 6 Allée des Lumières, 33600 Pessac. 
Commentaires : Modification de l'adresse du siège.

05/05/2011

JAL

Head Office Transfer

Résistant de Libourne (Le)


Date de décision : 18/04/2011
Transfert du siège social de la société 441414117 -  AMPLITUDE SYSTEMES 
Adresse du nouveau siège : Cité de la Photonique - 11 avenue d, 33600 PESSAC
Ancienne localisation : 6 ALL DU DOYEN BRUS, 33600 PESSAC
Date d'effet : 26/04/2011

22/11/2010

Bodacc C

Comptes annuels et rapports

33 - GIRONDE

GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX

4516 - 441414117 RCS. AMPLITUDE SYSTEMES. Forme : Société anonyme. Adresse : 6 allée du Doyen Georges Brus 33600 Pessac. Commentaires :Comptes annuels et rapports de l'exercice clos le : 31/03/2010.

17/11/2010

Bodacc B

Modification et mutation diverse

33 - GIRONDE

GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX

474 - 441 414 117 RCS Bordeaux. AMPLITUDE SYSTEMES. Forme : Société anonyme. Administration : Administrateur : PHASE représenté par RIBOULET Gilles Marcel modification le 29 Avril 2004 Directeur général délégué et administrateur : RIBOULET Gilles Marcel Président du conseil d'administration et directeur général : MOTTAY Eric Paul en fonction le 18 Décembre 2003 Administrateur : VIGROUX Luc-Marie en fonction le 02 Novembre 2009 Commissaire aux comptes suppléant : SERVANS Jean-Noël en fonction le 04 Novembre 2010 Commissaire aux comptes titulaire : FIDEAC en fonction le 04 Novembre 2010. Activité : . 
Commentaires : Modification de représentant.

03/12/2009

Bodacc C

Comptes annuels et rapports

33 - GIRONDE

GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX

3376 - 441414117 RCS. AMPLITUDE SYSTEMES. Forme : Société anonyme. Adresse : 6 allée du Doyen Georges Brus 33600 Pessac. Commentaires :Comptes annuels et rapports de l'exercice clos le : 31/03/2009.

11/11/2009

Bodacc B

Modification et mutation diverse

33 - GIRONDE

GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX

650 - 441 414 117 RCS Bordeaux. AMPLITUDE SYSTEMES. Forme : Société anonyme. Administration : Administrateur : PHASE représenté par RIBOULET Gilles Marcel modification le 29 Avril 2004 Directeur général délégué et administrateur : RIBOULET Gilles Marcel Commissaire aux comptes titulaire : FICOMEX modification le 02 Novembre 2009 Commissaire aux comptes suppléant : FIDEAC Président du conseil d'administration et directeur général : MOTTAY Eric Paul en fonction le 18 Décembre 2003 Administrateur : VIGROUX Luc-Marie en fonction le 02 Novembre 2009. 
Commentaires : Modification de représentant.

21/11/2008

Bodacc C

Comptes annuels et rapports

33 - GIRONDE

GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX

1441 - 441414117 RCS. AMPLITUDE SYSTEMES. Forme : Société anonyme. Adresse : 6 allée du Doyen Georges Brus 33600 Pessac. Commentaires :Comptes annuels et rapports de l'exercice clos le : 31/03/2008.

12/12/2007

Bodacc C

Avis de dépôt des comptes

3693 - 441 414 117. RCS Bordeaux AMPLITUDE SYSTEMES. Forme: Société anonyme. Adresse du siège social: 6 allée du Doyen Georges Brus 33600 Pessac. Comptes annuels et rapports de l'exercice clos le: 31 mars 2007.

21/11/2006

Bodacc C

Avis de dépôt des comptes

1289 - RCS Bordeaux B 441 414 117. RC 02-B 796. AMPLITUDE SYSTEMES. Forme: S.A. Adresse du siège social: 6, allée du Doyen Georges Brus,33600 Pessac. Comptes annuels et rapports de l'exercice clos le: 31 mars 2006.

23/12/2005

Bodacc C

Avis de dépôt des comptes

842 - RCS Bordeaux B 441 414 117. RC 02-B 796. AMPLITUDE SYSTEMES. Forme: S.A. Adresse du siège social: 6, allée du Doyen Georges Brus,33600 Pessac. Comptes annuels et rapports de l'exercice clos le: 31 mars 2005.

19/08/2005

Bodacc B

Modifications et mutations diverses

618 - RCS Bordeaux B 441 414 117. RC 02-B 796. AMPLITUDE SYSTEMES. Forme : S.A. Adresse du siège social : 6 allée du Doyen-Georges-Brus,, 33600 Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal. Etablissement principal - Adresse : 6 allée du Doyen-Georges-Brus, 33600

18/05/2004

Bodacc B

Modifications et mutations diverses

RCS Bordeaux B 441414117 RC 02-B 796 AMPLITUDE SYSTEMES. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification d'un administrateur : PHASE, représentée par RIBOULET (Gilles, Marcel).

31/12/2003

Bodacc B

Modifications et mutations diverses

RCS Bordeaux B 441414117 RC 02-B 796 AMPLITUDE SYSTEMES. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : P.-D.G. partant : DUPUY (Marcel, Gérard, François). Nomination du président du conseil d'administration et directeur général : MOTTAY (Eric, Paul). Nomination d'un administrateur : DUPUY ( Marcel, Gérard, François).

14/04/2002

Bodacc A

Création d'établissement

RCS Bordeaux B 441414117 RC 02-B 796 AMPLITUDE SYSTEMES. Forme : S.A. Capital : 100 005 euros. Adresse du siège social : Domaine du Haut Carré, parc scientifique Unitec 2, 351 cours de la Libération, 33400 Talence. Administration : P.-D.G. : DUPUY (Marcel, Gérard, François). Administrateur : PHASE, représentée par PARRAIN (Marie) ( Nom d'usage : RIBOULET). Directeur général délégué et administrateur : RIBOULET (Gilles, Marcel). Commissaire aux comptes titulaire : FICOREX. Commissaire aux comptes suppléant : FIDEAC Cette société se constitue , mais n'exploite provisoirement aucun établissement.

 


Company events history

 

Date

Description

19/12/2014

Collection of preferential rights activated for this company

19/10/2014

Bodacc B: Various editing or changing

09/10/2014

Minutes of general meeting of shareholders

09/10/2014

New auditor

12/06/2011

Bodacc B: Various editing or changing

03/06/2011

Updated articles of association

03/06/2011

Power of attorney

03/06/2011

Minutes of general meeting of shareholders

03/06/2011

Amendment

03/06/2011

Registered office transferred inside jurisdiction of the Commercial Court

05/05/2011

Legal Gazette: Head Office Transfer

26/04/2011

Transfer of Establishment

26/04/2011

Update of Company Head Office Identifier

22/11/2010

Bodacc C : Deposit accounts notice

17/11/2010

Bodacc B: Various editing or changing

04/11/2010

New auditor

04/11/2010

Power of attorney

04/11/2010

Amendment

15/10/2010

New ultimate parent

15/10/2010

New parent detected

31/03/2010

New accounts available

03/12/2009

Bodacc C : Deposit accounts notice

11/11/2009

Bodacc B: Various editing or changing

02/11/2009

Changes to the Board of Directors

02/11/2009

Minutes of general meeting of shareholders

02/11/2009

Power of attorney

02/11/2009

Updated articles of association

31/03/2009

New accounts available

21/11/2008

Bodacc C : Deposit accounts notice

31/03/2008

New accounts available

31/03/2007

New accounts available

31/03/2006

New accounts available

05/08/2005

Minutes of Board meeting

05/08/2005

Minutes of Board meeting

05/08/2005

Amendment

05/08/2005

Power of attorney

05/08/2005

Registered office transferred inside jurisdiction of the Commercial Court

05/08/2005

Registered office transferred inside jurisdiction of the Commercial Court

05/08/2005

Updated articles of association

05/08/2005

Updated articles of association

05/08/2005

Private document

31/03/2005

New accounts available

29/04/2004

Private document

29/04/2004

Appointment/resignation of company officers

29/04/2004

Amendment

31/03/2004

New accounts available

18/12/2003

Minutes of Board meeting

18/12/2003

Amendment

18/12/2003

Appointment/resignation of company officers

18/12/2003

Changes to the Board of Directors

18/12/2003

Private document

18/12/2003

Minutes of general meeting of shareholders

18/12/2003

New chairman (CEO, CoB)

18/12/2003

Power of attorney

31/03/2003

New accounts available

29/03/2002

Amendment

29/03/2002

Appointment/resignation of company officers

29/03/2002

Articles of association

29/03/2002

Changes to the Board of Directors

29/03/2002

Company formation

29/03/2002

Fund deposit certificate

29/03/2002

Minutes of Board meeting

29/03/2002

New chairman (CEO, CoB)

29/03/2002

Private document

 

Establishment events history

 

Date

Description

07/02/2015

Update of phone numbers

28/06/2011

Update of phone numbers

26/04/2011

Formation of Head office (after transfer)

 

Synthesized Accounts

 

Annual Accounts

31/03/2010

31/03/2009

31/03/2008

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

27/10/2010

23/12/2009

-

Employees

0

0

17

 

Active account

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

236,098

3.0 %

229,212

139.3 %

95,792

139,655

69.1 %

 Intangible assets

3,562

-60.1 %

8,938

-17.6 %

10,849

10,000

-64.4 %

 Tangible assets

193,096

8.5 %

177,938

283.6 %

46,383

45,962

320.1 %

 Financial assets

39,440

-6.8 %

42,336

9.8 %

38,560

4,893

706.0 %

Net current assets

4,075,937

41.2 %

2,887,079

36.3 %

2,118,485

301,981

1249.7 %

 Stocks

1,618,662

-9.6 %

1,789,968

113.7 %

837,436

71,538

2162.7 %

 Advanced payments

2,623

0%

2,623

-61.5 %

6,812

0

0%

 Receivables

2,117,374

99.4 %

1,062,061

34.2 %

791,476

123,096

1620.1 %

 Securities and cash

337,278

940.2 %

32,424

-93.3 %

482,761

54,073

523.7 %

 Prepaid expenses

-

-

-

-

-

775

-

Accounts of regularization

243

0%

0

0%

8,258

0

0%

Total Assets

4,312,276

38.4 %

3,116,293

40.2 %

2,222,540

483,720

791.5 %

 

Passive Account

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Shareholders' equity

2,325,319

117.4 %

1,069,777

29.2 %

828,069

116,461

1896.7 %

Share capital

100,005

0%

100,005

0%

100,005

38,315

161.0 %

Other capital resources

185,000

-2.6 %

190,000

90.0 %

100,000

0

0%

Risk Provisions

417,243

134.4 %

178,000

18.5 %

150,258

0

0%

Liabilities

1,370,151

-18.3 %

1,677,992

46.7 %

1,143,653

293,644

366.6 %

 Financial liabilities

139,063

-83.1 %

823,801

66.2 %

495,665

74,767

86.0 %

 Advanced payments received

0

0%

115,685

0%

0

0

0%

 Trade account payables

713,856

63.6 %

436,233

7.9 %

404,421

53,053

1245.6 %

 Tax and social liabilities

434,517

60.2 %

271,192

23.6 %

219,457

59,257

633.3 %

 Other debts and fixed assets liabilities

36,292

159.7 %

13,977

103.6 %

6,866

8,814

311.8 %

Account regularization

60,982

246.0 %

17,623

-1.0 %

17,800

0

0%

Total liabilities

4,312,275

38.4 %

3,116,293

40.2 %

2,222,540

483,720

791.5 %

 

Results

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Sales of Goods

6,964,056

54.5 %

4,506,674

34.1 %

3,359,571

474,519

1367.6 %

Net turnover

6,089,464

109.1 %

2,912,854

13.9 %

2,556,932

453,041

1244.1 %

 of which net export turnover

4,893,865

0%

0

0%

0

586

835030.5 %

Operating charges

5,733,746

27.8 %

4,485,552

42.1 %

3,156,537

459,935

1146.6 %

Operating profit/loss

1,230,310

5724.8 %

21,122

-89.6 %

203,037

6,849

17863.4 %

Financial income

14,701

-38.6 %

23,939

227.1 %

7,318

793

1755.0 %

Financial charges

18,637

-51.3 %

38,269

-34.9 %

58,791

4,510

313.3 %

Financial profit/loss

-3,936

72.5 %

-14,330

72.2 %

-51,473

-1,610

-144.5 %

Pretax net operating income

1,226,374

17956.2 %

6,792

-95.5 %

151,564

10,435

11653.1 %

Extraordinary income

3,989

-96.9 %

129,816

-33.1 %

193,962

761

424.5 %

Extraordinary charges

0

0%

55,086

27.0 %

43,376

368

0%

Extraordinary profit/loss

3,989

-94.7 %

74,730

-50.4 %

150,586

0

0%

Net result

1,258,831

416.2 %

243,865

-9.6 %

269,822

14,521

8569.3 %

 

Accounts - Active

 

Normal Account

31/03/2010

31/03/2009

31/03/2008

Months

12

12

12

 

Grand Total - Active Accounts (I to VI)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Grand Total (I to VI)

Net

4,312,276

38.4 %

3,116,293

40.2 %

2,222,540

Gross

CO

7,555,986

37.0 %

5,514,768

43.1 %

3,854,933

Amortisation

1A

3,243,710

35.2 %

2,398,475

46.9 %

1,632,398

 

Non declared distributed capital (I)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

0

0%

0

-

-

 

Active fixed asset (II)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total Active fixed asset (II)

Net

236,098

3.0 %

229,212

139.3 %

95,792

Gross

BJ

3,382,336

28.7 %

2,627,686

52.0 %

1,728,190

Amortisation

BK

3,146,238

31.2 %

2,398,474

46.9 %

1,632,398

 

Intangible fixed assets

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

3,016,353

29.7 %

2,325,283

46.1 %

1,591,290

Amortisation

AE

3,016,353

29.7 %

2,325,283

46.1 %

1,591,290

Distributorships, patents

Net

3,562

-60.1 %

8,938

-17.6 %

10,849

Gross

AF

21,404

0%

21,404

21.3 %

17,650

Amortisation

AG

17,842

43.1 %

12,466

83.3 %

6,801

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

0

0%

0

0%

0

Amortisation

AK

0

0%

0

0%

0

Pre-payments and downpayments

Net

0

0%

0

0%

0

Gross

AL

0

0%

0

0%

0

Amortisation

AM

0

0%

0

0%

0

Sub Total Intangible asset

Net

3,562

-60.1 %

8,938

-17.6 %

10,849

 

Tangible fixed assets

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Lands

Net

0

0%

0

0%

0

Gross

AN

0

0%

0

0%

0

Amortisation

AO

0

0%

0

0%

0

Buildings

Net

0

0%

0

0%

0

Gross

AP

0

0%

0

0%

0

Amortisation

AQ

0

0%

0

0%

0

Plant

Net

140,001

15.8 %

120,948

349.6 %

26,902

Gross

AR

205,536

35.8 %

151,349

266.0 %

41,357

Amortisation

AS

65,535

115.6 %

30,401

110.3 %

14,455

Other tangible fixed assets

Net

53,095

-6.8 %

56,990

192.5 %

19,481

Gross

AT

99,603

14.1 %

87,314

122.0 %

39,333

Amortisation

AU

46,508

53.4 %

30,324

52.8 %

19,852

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

193,096

8.5 %

177,938

283.6 %

46,383

 

Financial assets

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

11,400

0%

11,400

0%

11,400

Gross

CU

11,400

0%

11,400

0%

11,400

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

28,040

-9.4 %

30,936

13.9 %

27,160

Gross

BH

28,040

-9.4 %

30,936

13.9 %

27,160

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

39,440

-6.8 %

42,336

9.8 %

38,560

 

Current Assets (III)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total Assets

Net

4,075,937

41.2 %

2,887,079

36.3 %

2,118,485

Gross

CJ

4,173,407

44.6 %

2,887,079

36.3 %

2,118,485

Amortisation

CK

97,470

0%

0

0%

0

 

Stocks

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Raw materials

Net

477,202

-23.0 %

619,795

81.2 %

341,987

Gross

BL

477,202

-23.0 %

619,795

81.2 %

341,987

Amortisation

BM

0

0%

0

0%

0

Work in progress (goods)

Net

0

0%

1,170,173

136.2 %

495,449

Gross

BN

0

0%

1,170,173

136.2 %

495,449

Amortisation

BO

0

0%

0

0%

0

Work in progress (services)

Net

1,141,460

0%

0

0%

0

Gross

BP

1,141,460

0%

0

0%

0

Amortisation

BQ

0

0%

0

0%

0

Semi-finished and finished products

Net

0

0%

0

0%

0

Gross

BR

0

0%

0

0%

0

Amortisation

BS

0

0%

0

0%

0

Goods for resale

Net

0

0%

0

0%

0

Gross

BT

0

0%

0

0%

0

Amortisation

BU

0

0%

0

0%

0

Sub Total Stocks

Net

1,618,662

-9.6 %

1,789,968

113.7 %

837,436

 

Advance payments to suppliers

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Advance payments to suppliers

Net

2,623

0%

2,623

-61.5 %

6,812

Gross

BV

2,623

0%

2,623

-61.5 %

6,812

Amortisation

BW

0

0%

0

0%

0

 

Debtors

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Trade accounts receivable

Net

1,598,926

208.3 %

518,637

29.9 %

399,121

Gross

BX

1,696,396

227.1 %

518,637

29.9 %

399,121

Amortisation

BY

97,470

0%

0

0%

0

Other debtors

Net

440,478

-4.5 %

461,230

30.1 %

354,479

Gross

BZ

440,478

-4.5 %

461,230

30.1 %

354,479

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

2,039,404

108.1 %

979,867

30.0 %

753,600

 

Divers

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Investment securities

Net

27,371

515.8 %

4,445

-99.1 %

471,839

Gross

CD

27,371

515.8 %

4,445

-99.1 %

471,839

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

309,907

1007.6 %

27,979

156.2 %

10,922

Gross

CF

309,907

1007.6 %

27,979

156.2 %

10,922

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

337,278

940.2 %

32,424

-93.3 %

482,761

 

Prepaid expenses

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Prepaid expenses

Net

77,970

-5.1 %

82,194

117.0 %

37,876

Gross

CH

77,970

-5.1 %

82,194

117.0 %

37,876

Amortisation

CI

0

0%

0

0%

0

 

Equalization accounts (IV to VI)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Multi-period charges

CW3

0

0%

0

0%

0

Gross

0

0%

0

-

-

Premiums on redemption of bonds

CM3

0

0%

0

0%

0

Gross

0

0%

0

-

-

Currency differential gain

CN3

243

0%

0

0%

8,258

Gross

243

0%

0

-

-

 

References

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Due within one year

CP

0

0%

0

0%

0

Due after one year

CR

97,470

0%

0

0%

0

 




Accounts - Passive

 

Grand Total - Passive Accounts (I to V)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Grand Total (I to V)

EE

4,312,275

38.4 %

3,116,293

40.2 %

2,222,540

 

Shareholder Equity (I)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total shareholders' equity (Total I)

DL

2,325,319

117.4 %

1,069,777

29.2 %

828,069

Equity and shareholders' equity

DA

100,005

0%

100,005

0%

100,005

Issue and merger premiums

DB

0

0%

0

0%

0

Revaluation differentials

DC

0

0%

0

0%

0

Of which equity differential

EK

0

0%

0

0%

0

Legal reserve

DD

10,000

0%

10,000

0%

10,000

Statutory or contractual reserve

DE

0

0%

0

0%

0

Special regulated reserves

DF

0

0%

0

0%

0

Of which special reserve of provisions for current fluctuation

B1

0

0%

0

0%

0

Other reserves

DG

956,483

34.2 %

712,618

60.9 %

442,796

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

0

0%

0

0%

0

Profit or loss for the period

DI

1,258,831

416.2 %

243,865

-9.6 %

269,822

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

0

0%

3,289

-39.6 %

5,446

 

Other capital resources (II)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total other capital resources (Total II)

DO

185,000

-2.6 %

190,000

90.0 %

100,000

Income from participating securities

DM

0

0%

0

0%

0

Conditional loans

DN

185,000

-2.6 %

190,000

90.0 %

100,000

 

Provisions for risks and charges (III)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total provisions for risks and charges (Total III)

DR

417,243

134.4 %

178,000

18.5 %

150,258

Risk provisions

DP

417,243

134.4 %

178,000

18.5 %

150,258

Reserves for charges

DQ

0

0%

0

0%

0

 

Liabilities (IV)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total Liabilities (Total IV)

EC

1,370,151

-18.3 %

1,677,992

46.7 %

1,143,653

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

111,918

0.7 %

111,144

87.2 %

59,359

Sundry loans and financial liabilities

DV

27,145

-96.2 %

712,657

63.3 %

436,306

Of which participating loans

EI

0

0%

0

0%

0

Advance payments received for current orders

DW

0

0%

115,685

0%

0

Trade accounts payables

DX

713,856

63.6 %

436,233

7.9 %

404,421

Tax and social security liabilities

DY

434,517

60.2 %

271,192

23.6 %

219,457

Fixed asset liabilities

DZ

14,733

9.5 %

13,458

113.3 %

6,310

Other debts

EA

7,000

0%

0

0%

0

 

Translation loss (V)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Translation loss (Total V)

ED

14,559

2705.2 %

519

-6.7 %

556

 

Equalization accounts

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Deferred income

EB

60,982

246.0 %

17,623

-1.0 %

17,800

 

References

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Of which tax-allowable reserve

EF

0

0%

0

0%

0

Deferred income and liabilities

EG

1,317,902

0%

0

0%

0

Of which current bank facilities

EH

43,082

0%

0

0%

0

 

Result account

 

1 - Operating result (I-II)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Operating result (Total I-II)

GG

1,230,310

5724.8 %

21,122

-89.6 %

203,037

 

2 - Financial result (V-VI)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Financial result (Total V-VI)

GV

-3,936

72.5 %

-14,330

72.2 %

-51,473

 

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

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

GW

1,226,374

17956.2 %

6,792

-95.5 %

151,564

 


4 - Extraordinary result (VII-VIII)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Extraordinary result (Total VII-VIII)

HI

3,989

-94.7 %

74,730

-50.4 %

150,586

 

Profit or loss

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Profit or loss

HN

1,258,831

416.2 %

243,865

-9.6 %

269,822

 

Total Income (I+III+V+VII)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

HL

6,982,746

49.8 %

4,660,429

30.9 %

3,560,855

 

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

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

HM

5,723,917

29.6 %

4,416,564

34.2 %

3,291,033

 

Operating income (I)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total operating income (Total I)

FR

6,964,056

54.5 %

4,506,674

34.1 %

3,359,571

 

Operating income (details)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Sale of goods for resale

FC

47,896

295.7 %

12,105

-38.0 %

19,537

France

FA

22,982

89.9 %

12,105

-38.0 %

19,537

Export

FB

24,914

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

6,041,568

108.3 %

2,900,749

14.3 %

2,537,395

France

FG

1,172,617

-59.6 %

2,900,749

14.3 %

2,537,395

Export

FH

4,868,951

0%

0

0%

0

Net turnover

FL

6,089,464

109.1 %

2,912,854

13.9 %

2,556,932

France

FJ

1,195,599

-59.0 %

2,912,854

13.9 %

2,556,932

Export

FK

4,893,865

0%

0

0%

0

Stocked production

FM

-28,713

-104.3 %

674,724

376.0 %

141,753

Self-constructed assets

FN

691,070

-5.8 %

733,993

58.4 %

463,466

Operating grants

FO

212,193

14.8 %

184,856

12.4 %

164,398

Release of reserves and provisions

FP

0

0%

0

0%

33,000

Other income

FQ

42

-83.0 %

247

1022.7 %

22

 

Operating charges (II)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total operating charges (Total II)

GF

5,733,746

27.8 %

4,485,552

42.1 %

3,156,537

 

Exploitation charges

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

1,723,532

-2.8 %

1,772,888

59.8 %

1,109,544

Change in stocks of raw materials

FV

142,593

151.3 %

-277,807

-178.6 %

-99,715

Other external purchases and charges

FW

1,077,019

22.6 %

878,244

31.3 %

668,722

Tax, duty and similar payments

FX

49,886

32.3 %

37,695

25.1 %

30,127

Payroll

FY

1,231,055

35.1 %

911,517

51.9 %

600,128

Social security costs

FZ

421,230

19.2 %

353,506

76.3 %

200,469

 

Depreciation

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Depreciation of fixed assets

GA

747,765

-2.4 %

766,075

57.8 %

485,334

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

97,470

0%

0

0%

0

Provisions for risks and charges

GD

239,000

563.9 %

36,000

-74.3 %

140,000

Other charges

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Other charges

GE

4,196

-43.6 %

7,434

-66.1 %

21,925

 

Operating charges (III-IV)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total financial income (Total V)

GP

14,701

-38.6 %

23,939

227.1 %

7,318

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

0

0%

151

-83.2 %

898

Released provisions and transferred charges

GM

13,940

68.8 %

8,258

206350.0 %

4

Exchange gains

GN

761

-90.8 %

8,268

89.2 %

4,369

Net income from disposal of investment securities

GO

0

0%

7,262

254.8 %

2,047

 

Financial charge (VI)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total financial charge (Total VI)

GU

18,637

-51.3 %

38,269

-34.9 %

58,791

Financial reserves and provisions

GQ

243

0%

0

0%

8,258

Interest and similar charges

GR

9,455

-48.5 %

18,342

-43.9 %

32,687

Exchange losses

GS

8,939

-55.1 %

19,927

11.7 %

17,846

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

 

Extraordinary income (VII)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total extraordinary income (Total VII)

HD

3,989

-96.9 %

129,816

-33.1 %

193,962

Extraordinary operating income

HA

700

-73.6 %

2,655

-68.6 %

8,468

Extraordinary income from capital transactions

HB

0

0%

125,004

-32.6 %

185,494

Released provisions and transferred charges

HC

3,289

52.5 %

2,157

0%

0

 

Extraordinary charges (VIII)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total extraordinary charges (Total VIII)

HH

0

0%

55,086

27.0 %

43,376

Extraordinary operating charges

HE

0

0%

82

0%

0

Extraordinary charges from capital transactions

HF

0

0%

55,004

26.8 %

43,376

Extraordinary reserves and provisions

HG

0

0%

0

0%

0

 

Employee profit sharing (IX)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Employee profit sharing (Total IX)

HJ

0

0%

0

0%

37,768

 

Tax on profits (X)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Tax on profits (Total X)

HK

-28,466

82.5 %

-162,343

-2883.1 %

-5,442

 

References

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Of which equipment leases

HP

48,562

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)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Gross value at begin of period

OG

0

0%

0

0%

1,222,149

Increasess due to revaluation

OH

0

0%

0

0%

0

Decreasess, acquisitions, creations, contributions

OJ

0

0%

0

0%

557,975

Decreasess by budget item transfer

OK1

4,441

0%

0

0%

0

Decreasess by transfers

OK2

0

0%

0

0%

51,934

Gross value at the end of period

OL

3,382,337

0%

0

0%

1,728,190

Research and development Charge (Total I)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Gross value at begin of period

CZ

2,325,283

0%

0

0%

0

Increasess due to revaluation

KB

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KC

691,070

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

3,016,353

0%

0

0%

1,591,290

 

Other budget item from Intangible fixed assets (Total II)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Gross value at begin of period

KD

21,404

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

21,404

0%

0

0%

17,650

 

Tangible fixed assets (Total III)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Gross value at begin of period

LN

238,663

0%

0

0%

65,100

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

66,473

0%

0

0%

67,518

Decreasess by budget item transfer

NG1

0

0%

0

0%

0

Decreasess by transfers

NG2

0

0%

0

0%

51,928

Gross value at the end of period

NH

305,136

0%

0

0%

80,690

 

Financial assets (Total IV)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Gross value at begin of period

LQ

42,336

0%

0

0%

15,545

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

1,544

0%

0

0%

23,014

Decreasess by budget item transfer

NJ1

4,441

0%

0

0%

0

Decreasess by transfers

NJ2

0

0%

0

0%

0

Gross value at the end of period

NK

39,439

0%

0

0%

38,560

 

Reserve for depreciation

 

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

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Reserve for depreciation value at begin of period

ON

0

0%

0

0%

1,155,622

Increases

OP

0

0%

0

0%

485,334

Decreasess

OQ

0

0%

0

0%

8,557

Reserve for depreciation value at the end of period

OR

0

0%

0

0%

1,632,399

 

Research and development charge (Total I)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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%

1,591,290

 

Other intangible assets (Total II)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Reserve for depreciation value at begin of period

PE

12,466

0%

0

0%

0

Increases

PF

5,375

0%

0

0%

0

Decreasess

PG

0

0%

0

0%

0

Decreasess by budget item transfer

PH

17,841

0%

0

0%

6,801

 

Total fixed assets amotisation (Total III)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Reserve for depreciation value at begin of period

QU

60,725

0%

0

0%

25,055

Increases

QV

51,318

0%

0

0%

17,804

Decreases

QW

0

0%

0

0%

8,557

Decreasess by budget item transfer

QX

112,043

0%

0

0%

34,302

 

Movements during period affecting charge allocated over several period

 

Deferred charges and debt issuance costs

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

3,016,353

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)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Value at begining of period

7C

181,289

0%

0

0%

40,450

Increases

UB

336,713

0%

0

0%

148,258

Decreases

UC

3,289

0%

0

0%

33,004

Value at the end of period

UD

514,713

0%

0

0%

155,704

 

Includes Total allocations

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Operating

UE

336,470

0%

0

0%

0

Financial

UG

243

0%

0

0%

0

Exceptional

UJ

0

0%

0

0%

0

 

Includes Total Withdrawal

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Operating

UF

0

0%

0

0%

0

Financial

UH

0

0%

0

0%

0

Exceptional

UK

3,289

0%

0

0%

0

 

Total regulated provisions (Total I)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Value at begining of period

3Z

3,289

0%

0

0%

5,446

Increases

TS

0

0%

0

0%

0

Decreases

TT

3,289

0%

0

0%

0

Value at the end of period

TU

0

0%

0

0%

5,446

 

Total risk and charge provisions (Total II)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Value at begining of period

5Z

178,000

0%

0

0%

35,004

Increases

TV

239,243

0%

0

0%

148,258

Decreases

TW

0

0%

0

0%

33,004

Value at the end of period

TX

417,243

0%

0

0%

150,258

 

Total Provision for depreciation (Total III)

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Value at begining of period

7B

0

0%

0

0%

0

Increases

TY

97,470

0%

0

0%

0

Decreases

TZ

0

0%

0

0%

0

Value at the end of period

UA

97,470

0%

0

0%

0

 

State deadlines claims and debts at the end of period

 

State claims

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Gross value

VT

2,242,881

0%

0

0%

818,638

1 year at most

VU

2,117,371

0%

0

0%

791,478

More than one year

VV

125,510

0%

0

0%

27,160

 

State of loans

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

28,040

0%

0

0%

27,160

Other financial assets (1 year at most)

UV

0

0%

0

0%

0

 

Receivables statement of assets

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Customers doubtful or disputed

VA

97,470

0%

0

0%

0

Other claims customer

UX

1,598,923

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

0%

0

0%

0

Social Security and other social organizations

UZ

0

0%

0

0%

0

Income taxes

VM

49,065

0%

0

0%

0

Value added tax

VB

185,622

0%

0

0%

0

Other taxes and payments assimilated

VN

0

0%

0

0%

0

State and other public - Miscellaneous

VP

0

0%

0

0%

0

Group and Associates

VC

0

0%

0

0%

0

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

VR

205,290

0%

0

0%

0

 

Prepaid

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Prepaid

VS

77,970

0%

0

0%

37,876

 

State Debt

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Total debt (gross)

VY

1,370,152

0%

0

0%

1,143,653

1 year at most

VZ2

1,317,902

0%

0

0%

1,143,653

More than 1 year and 5 years at most

VZ3

52,250

0%

0

0%

0

More than 5 years

VZ4

0

0%

0

0%

0

 

Details

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

43,082

0%

0

0%

59,359

1 year at most

VG2

43,082

0%

0

0%

59,359

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

68,836

0%

0

0%

0

1 year at most

VH2

16,586

0%

0

0%

0

More than 1 year and 5 years at most

VH3

52,250

0%

0

0%

0

Loans and various financial liabilities (gross)

8A1

0

0%

0

0%

436,306

1 year at most

8A2

0

0%

0

0%

436,306

More than 1 year and 5 years at most

8A3

0

0%

0

0%

0

Suppliers and associated accounts (gross)

8B1

713,856

0%

0

0%

404,421

1 year at most

8B2

713,856

0%

0

0%

404,421

More than 1 year and 5 years at most

8B3

713,856

0%

0

0%

0

Personnel and associated accounts (gross)

8C1

266,051

0%

0

0%

0

1 year at most

8C2

266,051

0%

0

0%

0

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

143,965

0%

0

0%

219,457

1 year at most

8D2

143,965

0%

0

0%

219,457

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

1,066

0%

0

0%

0

1 year at most

VW2

1,066

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

23,434

0%

0

0%

0

1 year at most

VQ2

23,434

0%

0

0%

0

More than 1 year and 5 years at most

VQ3

0

0%

0

0%

0

Assets and liabilities associated accounts (gross)

8J1

14,733

0%

0

0%

6,310

1 year at most

8J2

14,733

0%

0

0%

6,310

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

27,145

0%

0

0%

0

1 year at most

VI2

27,145

0%

0

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

7,000

0%

0

0%

0

1 year at most

8K2

7,000

0%

0

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

60,982

0%

0

0%

17,800

1 year at most

8L2

60,982

0%

0

0%

17,800

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

 

References

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Loans made during the period

VJ

0

0%

0

0%

0

Debt repaid during the period

VK

15,700

0%

0

0%

0

 

Table allocation results and other information

 

Dividends distributed

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Dividends

ZE

0

0%

0

0%

0

 

Commitments

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Commitments leasing furniture

YQ

82,266

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

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

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

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Average number of employees

YP

0

0%

0

0%

17

 

Groups and Shareholders

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

Groups and Shareholders

ZR

0

-

-

-

-

 

Ratios

 

Structure and Liquidity

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Fixed Asset Financing

1.82

2.8 %

1.77

-4.8 %

1.86

1.46

24.7 %

Global Debt

81 days

-60.9 %

207 days

28.6 %

161 days

203 days

-60.1 %

Working Capital Fund overall net

165 days

-34.3 %

251 days

20.7 %

208 days

89 days

85.4 %

Financial independence

1,672.13 %

1187.6 %

129.86 %

-22.3 %

167.06 %

140.90 %

1086.7 %

Solvability

58.21 %

44.0 %

40.43 %

-3.2 %

41.76 %

36.54 %

59.3 %

Capacity debt futures

3,897.10 %

-

-

-

1,395.02 %

1,226.85 %

217.7 %

Coverage of current assets by net working capital overall

67.61 %

-6.5 %

72.34 %

24.9 %

57.91 %

43.43 %

55.7 %

General Liquidity

1.61

-

-

-

0.69

0.61

163.9 %

Restricted Liquidity

1.86

-

-

-

1.11

0.94

97.9 %

 

Management or rotation

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Need background in operating working capital

147 days

-38.5 %

239 days

75.7 %

136 days

46 days

219.6 %

Treasury

17 days

325.0 %

4 days

-94.1 %

68 days

19 days

-10.5 %

Inventory turnover of goods

-

-

-

-

-

132 days

-

Average length of credit granted to customers

100 days

56.3 %

64 days

14.3 %

56 days

60 days

66.7 %

Average length of credit obtained suppliers

87 days

31.8 %

66 days

-24.1 %

87 days

71 days

23.4 %

Inventory turnover of raw materials in industrial enterprises

98 days

-22.2 %

126 days

13.5 %

111 days

74 days

32.4 %

Inventory turnover of intermediate and finished products in the industrial enterprise

-

-

-

-

-

318 days

-

Rotation tangible assets

1,995.66 %

-

-

-

3,168.83 %

375.25 %

431.8 %

 

Profitability of the business

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Margin trading

0.79 %

88.1 %

0.42 %

-44.7 %

0.76 %

1.40 %

-43.6 %

Profitability of the business

38.08 %

33.6 %

28.51 %

-10.8 %

31.96 %

7.43 %

412.5 %

Net profit

20.67 %

147.0 %

8.37 %

-20.7 %

10.55 %

4.67 %

342.6 %

Growth rate of turnover (excluding VAT)

109.05 %

683.4 %

13.92 %

-78.1 %

63.62 %

0.00 %

0%

Rates integration

62.55 %

-6.5 %

66.88 %

15.3 %

58.02 %

40.91 %

52.9 %

Rate leasing furniture

0.80 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Work Factor

43.38 %

-33.2 %

64.93 %

20.3 %

53.96 %

75.19 %

-42.3 %

Weight interests

0.31 %

-76.3 %

1.31 %

-43.0 %

2.30 %

0.93 %

-66.7 %

 

Return on capital

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Cash flow from the overall profitability

32.90 %

2.0 %

32.27 %

32.8 %

24.30 %

10.01 %

228.7 %

Rates of economic profitability

88.00 %

120.0 %

40.00 %

-29.8 %

57.00 %

13.27 %

563.1 %

Financial profitability

2,510,319.00 %

99.3 %

1,259,777.00 %

35.7 %

928,069.00 %

76,885.50 %

3165.0 %

Return on investment

48.22 %

256.1 %

13.54 %

-41.3 %

23.08 %

10.43 %

362.3 %

 

Management intermediate balances

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Turnover

6,089,464

109.1 %

2,912,854

13.9 %

2,556,932

453,041

1244.1 %

 

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Sales of goods

47,896

295.7 %

12,105

-38.0 %

19,537

-

- Purchase of goods

0

0%

0

0%

0

-

+/- Stock of goods variation

0

0%

0

0%

0

-

Trading margin

47,896 €

295.7 %

12,105 €

-38.0 %

19,537 €

9,863 €

385.6 %

0.79 % CA

88.1 %

0.42 % CA

-44.7 %

0.76 % CA

7.66 % CA

-89.7 %

 

 

 

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Sale of goods produced

6,041,568

108.3 %

2,900,749

14.3 %

2,537,395

-

+/- Stocked production

-28,713

-104.3 %

674,724

376.0 %

141,753

-

+ Self-constructed assets

691,070

-5.8 %

733,993

58.4 %

463,466

-

Period production

6,703,925 €

55.6 %

4,309,466 €

37.1 %

3,142,614 €

211,999 €

3062.3 %

110.09 % CA

-25.6 %

147.95 % CA

20.4 %

122.91 % CA

98.98 % CA

11.2 %

 

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Trading margin

47,896

295.7 %

12,105

-38.0 %

19,537

9,863

385.6 %

+ Period Production

6,703,925

55.6 %

4,309,466

37.1 %

3,142,614

211,999

3062.3 %

- Purchase of raw materials

1,723,532

-2.8 %

1,772,888

59.8 %

1,109,544

-

+/- Change in stocks of raw materiels

142,593

151.3 %

-277,807

-178.6 %

-99,715

-

- Other external purchases and charges

1,077,019

22.6 %

878,244

31.3 %

668,722

-

Added value

3,808,677 €

95.5 %

1,948,246 €

31.3 %

1,483,600 €

175,648 €

2068.4 %

62.55 % CA

-6.5 %

66.88 % CA

15.3 %

58.02 % CA

40.91 % CA

52.9 %

 

 

 

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Added value

3,808,677 €

95.5 %

1,948,246 €

31.3 %

1,483,600 €

175,648 €

2068.4 %

+ Operating grants

212,193

14.8 %

184,856

12.4 %

164,398

-

- Tax, duty and similar payments

49,886

32.3 %

37,695

25.1 %

30,127

-

- Personal charges

1,652,285

30.6 %

1,265,023

58.0 %

800,597

-

Gross operating surplus

2,318,699 €

179.2 %

830,384 €

1.6 %

817,274 €

20,741 €

11079.3 %

38.08 % CA

33.6 %

28.51 % CA

-10.8 %

31.96 % CA

7.43 % CA

412.5 %

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Gross operating surplus

2,318,699 €

179.2 %

830,384 €

1.6 %

817,274 €

20,741 €

11079.3 %

+ Release of reserves and provisions

0

0%

0

0%

33,000

-

+ Other operating income

42

-83.0 %

247

1022.7 %

22

-

- Depreciation/ Amortisation

1,084,235

35.2 %

802,075

28.3 %

625,334

-

- Other charges

4,196

-43.6 %

7,434

-66.1 %

21,925

-

Operating result

1,230,310 €

5724.8 %

21,122 €

-89.6 %

203,037 €

6,849 €

17863.4 %

20.20 % CA

2667.1 %

0.73 % CA

-90.8 %

7.94 % CA

3.38 % CA

497.6 %

 

 

 

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Operating result

1,230,310 €

5724.8 %

21,122 €

-89.6 %

203,037 €

6,849 €

17863.4 %

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

0

0%

0

0%

0

-

+ Financial income

14,701

-38.6 %

23,939

227.1 %

7,318

-

- Financial charges

18,637

-51.3 %

38,269

-34.9 %

58,791

-

Pre-tax result

1,226,374 €

17956.2 %

6,792 €

-95.5 %

151,564 €

10,435 €

11653.1 %

20.14 % CA

8656.5 %

0.23 % CA

-96.1 %

5.93 % CA

3.73 % CA

439.9 %

 

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Extraordinary income

3,989

-96.9 %

129,816

-33.1 %

193,962

761

424.5 %

- Extraordinary charges

0

0%

55,086

27.0 %

43,376

-

Extraordinary result

3,989 €

-94.7 %

74,730 €

-50.4 %

150,586 €

0 €

0%

0.07 % CA

-97.3 %

2.57 % CA

-56.4 %

5.89 % CA

0.00 % CA

0%

 

 

 

31/03/2010

Variation

31/03/2009

Variation

31/03/2008

SECTOR MEDIAN 2010

Pre-tax result

1,226,374 €

17956.2 %

6,792 €

-95.5 %

151,564 €

10,435 €

11653.1 %

Extraordinary result

3,989 €

-94.7 %

74,730 €

-50.4 %

150,586 €

0 €

0%

- Employee profit sharing

0

0%

0

0%

37,768

-

- Tax on profits

-28,466

82.5 %

-162,343

-2883.1 %

-5,442

-

Net result

1,258,829 €

416.2 %

243,865 €

-9.6 %

269,824 €

14,522 €

8568.4 %

20.67 % CA

147.0 %

8.37 % CA

-20.7 %

10.55 % CA

4.67 % CA

342.6 %

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.57

UK Pound

1

Rs.93.57

Euro

1

Rs.65.95

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

--

NB

                                       New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.