MIRA INFORM REPORT

 

 

Report No. :

314493

Report Date :

25.03.2015

 

IDENTIFICATION DETAILS

 

Name :

STAUBLI LYON

 

 

Registered Office :

31 Rue Des Freres Lumiere, Cs 20019, 69687 Chassieu Cedex

 

 

Country :

France

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

November 1983

 

 

Com. Reg. No.:

RCS Lyon B 328 103 981

 

 

Legal Form :

Simplified Joint Stock Company with Single Associate

 

 

Line of Business :

Engaged in providing Mechatronics Solutions with its 3 divisions such as Connectors, Robotics and Textile machinery are as follows: -

 

Connectors Divisions

manufacturers of quick connector systems, it covers connection needs for all types of fluids, gases and electrical power. It products, including single and multiple connectors, tool changers and quick mold change systems, combine performance, quality, safety, dependability and durability.

 

Robotics Divisions

It offers a complete range of 4-axis and 6-axis robots designed to handle up to 190 kg payload and run on a single control platform

 

Its product range includes extremely fast picker robots, 4-axis robots as well as 6-axis robots. It also provide controllers, software and professional applications of unrivaled quality and performance.

 

Textile Machinery Divisions

manufacturers of high-speed Textile Machinery for weaving industry

 

 

No of Employees :

213 (31.12.2013)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear 

 

 

NOTES :

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

 

ECGC Country Risk Classification List – 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 summary

 

SIRET

328 103 981 00028

Name

STAUBLI LYON

Type of Establishment

Single (translated to H)

Postal Address

STAUBLI LYON
31 RUE DES FRERES LUMIERE
CS 20019
69687 CHASSIEU CEDEX

Telephone

04 72 47 39 39

Share Capital

3,225,600 Euros

Incorporation Date

02/1984

Nationality

France

Formation Date

11/1983

Currency

Euros

EUR VAT Number

FR90328103981

Last account Date

31/12/2013

Court Registry Number

19 8 3B01108

Fax

04 72 47 39 39

Registration Court

Lyon (69)

Legal form

Simplified Joint Stock Company with Single Associate

 

 

RCS Registration

RCS Lyon B 328 103 981

Activity

·         Engaged in providing Mechatronics Solutions with its 3 divisions such as Connectors, Robotics and Textile machinery are as follows:-

 

Connectors Divisions

manufacturers of quick connector systems, it covers connection needs for all types of fluids, gases and electrical power. It products, including single and multiple connectors, tool changers and quick mold change systems, combine performance, quality, safety, dependability and durability.

 

Robotics Divisions

It offers a complete range of 4-axis and 6-axis robots designed to handle up to 190 kg payload and run on a single control platform

Its product range includes extremely fast picker robots, 4-axis robots as well as 6-axis robots. It also provide controllers, software and professional applications of unrivaled quality and performance.

 

Textile Machinery Divisions

manufacturers of high-speed Textile Machinery for Weaving Industry

 

 

key Financials

 

YEAR TO DATE

TURNOVER

GROSS OPERATING SURPLUS

SHAREHOLDER'S EQUITY

NET RESULT

EMPLOYEES

31/12/2013

89,692,593 €

10.96% Turnover

45,408,381 €

4,589,582 €

213

31/12/2012

74,678,664 €

7.33% Turnover

42,253,564 €

-31,355 €

-

31/12/2011

84,888,073 €

3.25% Turnover

42,652,885 €

255,801 €

-

 

Ultimate Holding Company

 

Name

Company Number

STÄUBLI INTERNATIONAL AG

21110

 

Directors

 

Current Directors

1

 

Preferential Right

 

No social security and tax office preferential right to date

 

Establishment Details

 

Type of Establishment

Single (translated to H)

Activity Location

Other

APE/NAF Code

2894Z

Department

Rhône (69)

Formation Date

11/1983

District

1

Activity Nature

-

Status

Economically active

Trading Address

31 RUE DES FRERES LUMIERE 
69680 CHASSIEU

Region

Rhône-Alpes

Location Surface

-

Area

44

City

CHASSIEU

Size of Urban Area

Urban unit with 200 000 to 1 999 999 inhabitants

Business Pages FT®

MACHINES TEXTILES, ACCESSOIRES ET FOURNITURES (FABRICATION)

 

 

 

 

 

 

Activity

Engaged in providing Mechatronics Solutions with its 3 divisions such as Connectors, Robotics and Textile machinery are as follows: -

 

Connectors Divisions

manufacturers of quick connector systems, it covers connection needs for all types of fluids, gases and electrical power. It products, including single and multiple connectors, tool changers and quick mold change systems, combine performance, quality, safety, dependability and durability.

 

Robotics Divisions

It offers a complete range of 4-axis and 6-axis robots designed to handle up to 190 kg payload and run on a single control platform

 

Its product range includes extremely fast picker robots, 4-axis robots as well as 6-axis robots. It also provide controllers, software and professional applications of unrivaled quality and performance.

 

Textile Machinery Divisions

manufacturers of high-speed Textile Machinery for weaving industry

 

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

STAUBLI LYON

Head Office

2894Z

Engaged in providing Mechatronics Solutions with its 3 divisions such as Connectors, Robotics and Textile machinery

CHASSIEU

69680

 

Workforces

 

Company workforce

213 (31.12.2013)

 

 

Commentary

 

The stock to turnover ratio is 21.99

The sales to current assets ratio is 1.51

High risk workforce size

The return on total assets employed is 6.22

The company has 1 director(s)

Department code with medium risk rating

Industry code with low risk rating

The total assets are 69,788,613 €

The risk provisions are 3,716,387 €

The pre-tax profit is 4,339,274 €

The net turnover is 89,692,593 €

The net current assets are 59,400,268 €

The liabilities are 20,663,220 €

The creditor days are 36.85

The ratio total assets to total liabilities is 2.86

The shareholder's equity is 45,408,381 €

Summary of preferential rights

 

Company monitored since

05/08/2009

Status of Monitoring

No social security and tax office preferential right to date

 

Group Data

 

Ultimate parent company

STÄUBLI INTERNATIONAL AG

Direct parent

STAUBLI FAVERGES - 100 %

Group – Number of companies

9

Linkages – Number of companies

6

Number of countries

3

 

 

 

NAME

SIREN

PARTS

LAST ACCOUNT PUBLISHED

1

STÄUBLI INTERNATIONAL AG

21110

-

-

2

STAUBLI HOLDING FRANCE

402630263

100 %

31/12/2013

3

STAUBLI FAVERGES

325720720

100 %

31/12/2013

4

STAUBLI RACCORD FRANCE

321525560

100 %

31/12/2013

4

PREVOST

313195026

100 %

31/12/2013

5

PREVOST GMBH

HRB 2664

100 %

31/12/2011

PREVOST CORPORATION

-

100 %

-

PREVOST (UK) LIMITED

01444325

Majority

31/12/2013

STAUBLI LYON

328103981

100 %

31/12/2013

 

 

Linkages

 

COMPANY NAME

SIREN

LAST ACCOUNT PUBLISHED

TURNOVER

STAUBLI (UK) LIMITED

02321549

31/12/2013

9,148,230 £

MULTI-CONTACT (UK) LIMITED

00810388

31/12/2013

-

STÄUBLI HOLDING AG

21108

-

-

STÄUBLI AG PFÄFFIKON

289147

-

-

MULTI-HOLDINGS AG

-

-

-

PREVOST SAS

-

-

-

 

Director(s)

 

Name

M. ILTIS PATRICK

Manager position

President

Date of birth

28/01/1958

Place of birth

STRASBOURG(67)

Type

Individual

Name at birth

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

President

M. PALAU JOSEPH

18/12/1938 - SABADELL(ESPAGNE)

Chairman of the Board

M. PALAU JOSEPH

18/12/1938 - SABADELL ESPAGNE

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

11/09/2014

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

3590 - 328103981 RCS. STAUBLI LYON. Forme : Société par Actions Simplifiée. Adresse : 31 rue des Frères Lumière 69680 Chassieu.Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

10/09/2014

Bodacc B

Modification et mutation diverse

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

2267 - 328 103 981 RCS Lyon. STAUBLI LYON. Forme : Société par Actions Simplifiée. Administration : PALAU Joseph nom d'usage : PALAU n'est plus président. ILTIS Patrick nom d'usage : ILTIS devient président. Activité : . 
Commentaires : Modification de l'administration.

12/07/2014

JAL

Appointment of the social representative

Tout Lyon Affiches


Date de décision : 27/05/2014
Société faisant l'objet d'une nomination : 328103981 - STAUBLI LYON, 31 RUE DES FRERES LUMIERE, CS 20019, 69680 CHASSIEU 
Nominé : Monsieur Patrick ILTIS, 74410 ST JORIOZ
En la fonction de : Président
Nominé : Monsieur Patrick ILTIS, 74410 ST JORIOZ
En la fonction de : Membre du Conseil de Surveillance
Nominé : Monsieur Enrico RIMOLDI
En la fonction de : Membre du Conseil de Surveillance

12/07/2014

JAL

Resignation / Revocation of the social representative

Tout Lyon Affiches


Date de décision : 27/05/2014
La société 328103981 - STAUBLI LYON, 31 RUE DES FRERES LUMIERE, CS 20019, 69680 CHASSIEU 
Fait l'objet du départ de Monsieur Joseph PALAU, 
De Monsieur Joseph PALAU, 
De Monsieur Anthony STAUBLI, 
De Monsieur Alfred REICHMUTH

10/11/2013

Bodacc B

Modification et mutation diverse

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

2147 - 328 103 981 RCS Lyon. STAUBLI LYON. Forme : Société par Actions Simplifiée. Administration : KPMG SA n'est plus commissaire aux comptes titulaire. KPMG AUDIT RHONE-ALPES AUVERGNE devient commissaire aux comptes titulaire. BIRRAUX Maxime nom d'usage : BIRRAUX n'est plus commissaire aux comptes suppléant. KPMG AUDIT SUD EST devient commissaire aux comptes suppléant. Activité : . 
Commentaires : Modification de l'administration.

23/07/2013

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

7034 - 328103981 RCS. STAUBLI LYON. Forme : Société par Actions Simplifiée. Adresse : 31 rue des Frères Lumière 69680 Chassieu.Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.

12/06/2013

Bodacc B

Modification et mutation diverse

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

2325 - 328 103 981 RCS Lyon. STAUBLI LYON. Forme : Société par Actions Simplifiée. Administration : SCHMITT André Bernard nom d'usage : SCHMITT n'est plus Personne ayant le pouvoir d'engager à titre habituel la société. BOUCHET Damien nom d'usage : BOUCHET devient Personne ayant le pouvoir d'engager à titre habituel la société. Activité : . 
Commentaires : Modification de l'administration.

06/04/2013

JAL

Appointment of the social representative

Tout Lyon Affiches


Date de décision : 01/02/2013
Société faisant l'objet d'une nomination : 328103981 - STAUBLI LYON, 31 RUE DES FRERES LUMIERE, 69680 CHASSIEU 
Nominé : Monsieur Damien BOUCHET, 69970 CHAPONNAY
En la fonction de : Fondé de Pouvoir

27/08/2012

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

2490 - 328103981 RCS. STAUBLI LYON. Forme : Société par Actions Simplifiée. Adresse : 31 rue des Frères Lumière 69680 Chassieu.Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.

08/09/2010

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

7797 - 328103981 RCS. STAUBLI LYON. Forme : Société par Actions Simplifiée. Adresse : 31 rue des Frères Lumière 69680 Chassieu.Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

08/08/2009

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

7475 - 328103981 RCS. STAUBLI LYON. Forme : Société par Actions Simplifiée. Adresse : 31 rue des Frères Lumière 69680 Chassieu.Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

10/04/2009

Bodacc B

Modification et mutation diverse

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

1218 - 328 103 981 RCS Lyon. STAUBLI LYON. Forme : Société par Actions Simplifiée. Administration : SCHMITT André Bernard nom d'usage : SCHMITT André devient fondé de pouvoir.. BASSI Dario Massimo nom d'usage : BASSI Dario n'est plus fondé de pouvoir.. 
Commentaires : Modification de l'administration.

24/09/2008

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

5829 - 328103981 RCS. STAUBLI LYON. Forme : Société par Actions Simplifiée. Adresse : 31 rue des Frères Lumière 69680 Chassieu.Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

15/10/2007

Bodacc C

Avis de dépôt des comptes

4873 - 328 103 981. RCS Lyon STAUBLI LYON. Forme: société par actions simplifiée. Adresse du siège social: 31 rue des Frères Lumière 69680 Chassieu. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

14/09/2006

Bodacc C

Avis de dépôt des comptes

1125 - RCS Lyon B 328 103 981. RC 83-B 1108. STAUBLI LYON. Forme: S.A.S. Adresse du siège social: 31, Rue des Frères Lumière,69680 Chassieu. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

22/01/2006

Bodacc B

Modifications et mutations diverses

1368 - RCS Lyon 328 103 981. RC 83-B 01108. STAUBLI LYON. Forme : S.A.S. Adresse du siège social : 31 rue des Frères-Lumière,, 69680 Administration : nomination en qualité de fondé de pouvoir : CABANNE (Marc, Henri, Louis).

30/10/2005

Bodacc B

Modifications et mutations diverses

902 - RCS Lyon 328 103 981. RC 83-B 01108. STAUBLI LYON. Forme : S.A.S. Adresse du siège social : 31 rue des Frères-Lumière,, 69680 Administration : nouveau fondé de pouvoir : BASSI (Dario, Massimo).

24/09/2005

Bodacc C

Avis de dépôt des comptes

4575 - RCS Lyon B 328 103 981. RC 83-B 1108. STAUBLI LYON. Forme: société par actions simplifiée. Adresse du siège social: 31, Rue des Frères Lumière,69680 Chassieu. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

28/07/2005

Bodacc B

Modifications et mutations diverses

2092 - RCS Lyon 328 103 981. RC 83-B 01108. STAUBLI LYON. Forme : S.A.S. Adresse du siège social : 31 rue des Frères-Lumière,, 69680 Administration : président : PALAU (Joseph), ancien président du conseil d'administration. Anciens administrateurs : STAUBLI (Antoine) RIMOLDI (Enrico) REICHMUTH (Aldred, Joseph) CABANNE (Marc, Henri) BAREL (Thierry) et KUNG (Ulrich).

28/07/2005

Bodacc B

Modifications et mutations diverses

2093 - RCS Lyon 328 103 981. RC 83-B 01108. STAUBLI LYON. Forme : S.A.S. Adresse du siège social : 31 rue des Frères-Lumière,, 69680 Administration : ancien directeur général : BURNET-MERLIN (René).

22/01/2003

Bodacc B

Modifications et mutations diverses

RCS Lyon 328103981 RC 83-B 01108 STAUBLI LYON. Forme : S.A. à conseil d' administration. Adresse du siège social : 31 rue des Frères-Lumière, 69680 Chassieu. Administration : nouveau président du conseil d'administration : PALAU (Joseph). Nouveau directeur général : BURNET-MERLIN (René). Nouveaux administrateurs : BAREL ( Thierry) et KUNG (Ulrich). Ancien commissaire aux comptes titulaire : DUBAIL (Philippe). Nouveau commissaire aux comptes titulaire : JURALPES CONSEIL.

15/05/2001

Bodacc B

Modifications et mutations diverses

RCS Lyon 328103981 RC 83-B 01108 STAUBLI LYON. Forme : S.A. à conseil d' administration. Adresse du siège social : 31 rue des Frères-Lumière, 69680 Chassieu. Administration : nouveau commissaire aux comptes titulaire : FIDUCIAIRE DE FRANCE FIDEX K.P.M.G. Nouveau commissaire aux comptes suppléant : BIRRAUX (Maxime).

15/05/2001

Bodacc B

Modifications et mutations diverses

RCS Lyon 328103981 RC 83-B 01108 STAUBLI LYON. Forme : S.A. à conseil d' administration. Capital : 3 225 600 euros. Adresse du siège social : 31 rue des Frères-Lumière, 69680 Chassieu. Administration : nouveau commissaire aux comptes titulaire : K.P.M.G. S.A. Commentaires : modification survenue sur le capital.

15/05/2001

Bodacc B

Modifications et mutations diverses

RCS Lyon 328103981 RC 83-B 01108 STAUBLI LYON. Forme : S.A. à conseil d' administration. Adresse du siège social : 31 rue des Frères-Lumière, 69680 Chassieu. Administration : ancien commissaire aux comptes titulaire : VESIN (Lucien). Nouveau commissaire aux comptes titulaire : DUBAIL (Philippe). Ancien commissaire aux comptes suppléant : DURET (Bernard). Nouveau commissaire aux comptes suppléant : S.A. R.L. PHILIPPE GAUBERT ASSOCIES.

11/10/1996

Bodacc B

Modifications et mutations diverses

RCS Lyon B 328103981 RC 83-B 1108 STAUBLI LYON. Forme : S.A. Capital : 6 300 000 F. Adresse du siège social : 31, rue des Frères-Lumière, 69680 Chassieu. Administration : nouvel administrateur : CABANNE (Marc), en remplacement de STAUBLI (Gérard) et TOUTAN (Philippe). Date d'effet : 14 juin 1996.

12/03/1996

Bodacc B

Modifications et mutations diverses

RCS Lyon B 328 103 981 RC 83-B 01108 STAUBLI LYON. Forme : S.A. Capital : 6 300 000 F. Adresse du siège social : 31 rue des Frères-Lumière, 69- Chassieu. Commentaires : modification de la dénomination sociale : ancienne : STAUBLI VERDOL. Date d'effet : 1er janvier 1996.

 

Company events history

 

Date

Description

11/09/2014

Bodacc C : Deposit accounts notice

10/09/2014

Bodacc B: Various editing or changing

03/09/2014

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

12/08/2014

Minutes of general meeting of shareholders

12/07/2014

Legal Gazette: Resignation / Revocation of the social representative

27/05/2014

Legal Gazette: Appointment of the social representative

04/04/2014

New ultimate parent

04/04/2014

New parent detected

31/12/2013

New accounts available

10/11/2013

Bodacc B: Various editing or changing

21/10/2013

Minutes of general meeting of shareholders

23/07/2013

Bodacc C : Deposit accounts notice

15/07/2013

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

26/06/2013

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

18/06/2013

Updated articles of association

18/06/2013

Minutes of general meeting of shareholders

12/06/2013

Bodacc B: Various editing or changing

24/05/2013

Amendment

15/04/2013

Update of Company Workforce

15/04/2013

Modification to Establishment Address or Identifier

01/02/2013

Legal Gazette: Appointment of the social representative

31/12/2012

New accounts available

27/08/2012

Bodacc C : Deposit accounts notice

10/08/2012

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

31/12/2011

New accounts available

08/09/2011

Bodacc C : Deposit accounts notice

19/08/2011

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

31/12/2010

New accounts available

08/09/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

08/08/2009

Bodacc C : Deposit accounts notice

05/08/2009

Collection of preferential rights activated for this company

10/04/2009

Bodacc B: Various editing or changing

31/12/2008

New accounts available

24/09/2008

Bodacc C : Deposit accounts notice

08/02/2008

Minutes of general meeting of shareholders

08/02/2008

Minutes of general meeting of shareholders

08/02/2008

Private document

08/02/2008

Updated articles of association

08/02/2008

Updated articles of association

31/12/2007

New accounts available

31/12/2006

New accounts available

31/12/2005

New accounts available

08/06/2005

Private document

08/06/2005

New legal form – no new category

08/06/2005

New legal form – no new category

08/06/2005

Minutes of general meeting of shareholders

08/06/2005

Minutes of general meeting of shareholders

08/06/2005

Audit or Management Report

08/06/2005

Audit or Management Report

08/06/2005

Appointment/resignation of company officers

08/06/2005

Appointment/resignation of company officers

08/06/2005

Amendment

08/06/2005

Private document

08/06/2005

Updated articles of association

08/06/2005

Updated articles of association

01/01/2005

Modification to Company Identifier

01/01/2005

Update of Company Legal Form

31/12/2004

New accounts available

31/12/2003

New accounts available

12/11/2002

Appointment/resignation of company officers

12/11/2002

Updated articles of association

12/11/2002

Private document

12/11/2002

Minutes of general meeting of shareholders

12/11/2002

Minutes of Board meeting

12/11/2002

Changes to the Board of Directors

12/11/2002

Amendment

02/09/2002

Minutes of general meeting of shareholders

02/09/2002

Private document

02/09/2002

Updated articles of association

05/04/2001

Conversion of equity to euro

05/04/2001

Capital increase

05/04/2001

Appointment/resignation of company officers

05/04/2001

Minutes of general meeting of shareholders

05/04/2001

Private document

05/04/2001

Updated articles of association

05/04/2001

New auditor

30/08/1996

Amendment

30/08/1996

Appointment/resignation of company officers

30/08/1996

Minutes of general meeting of shareholders

30/08/1996

Changes to the Board of Directors

18/01/1996

New company name

18/01/1996

Amendment

18/01/1996

Minutes of general meeting of shareholders

18/01/1996

Updated articles of association

29/03/1994

Minutes of general meeting of shareholders

29/03/1994

Amendment

29/03/1994

Appointment/resignation of company officers

29/03/1994

Changes to the Board of Directors

 

Establishment events history

 

Date

Description

22/02/2014

Update of phone numbers

15/04/2013

Update of Establishment Address

15/04/2013

Update of Establishment Workforce

15/04/2013

Modification of Head office Identification

28/03/2013

Update of phone numbers

11/01/2013

Update of phone numbers

05/11/2012

Update of phone numbers

18/05/2012

Update of phone numbers

01/01/2005

Modification of Head office

 

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

02/09/2014

25/06/2013

03/08/2012

Employees

213

0

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

10,200,831

-8.5 %

11,153,402

-14.3 %

13,009,800

37,215

27310.5 %

 Intangible assets

37,246

-95.2 %

780,639

-49.2 %

1,537,641

0

0%

 Tangible assets

10,140,843

-2.0 %

10,349,100

-9.6 %

11,443,904

11,593

87377.6 %

 Financial assets

22,743

-3.9 %

23,663

-16.3 %

28,255

1,454

1464.2 %

Net current assets

59,400,268

14.8 %

51,764,130

-2.0 %

52,821,653

409,618

14401.4 %

 Stocks

19,722,010

8.6 %

18,153,374

-2.9 %

18,693,367

35,545

55385.4 %

 Advanced payments

958

0%

0

0%

0

0

0%

 Receivables

39,250,859

20.9 %

32,455,034

-1.5 %

32,945,747

108,690

36012.7 %

 Securities and cash

426,442

-63.1 %

1,155,722

-2.3 %

1,182,539

46,495

817.2 %

 Prepaid expenses

-

-

-

-

-

957

-

Accounts of regularization

187,514

1783.6 %

9,955

232.5 %

2,994

0

0%

Total Assets

69,788,613

10.9 %

62,927,487

-4.4 %

65,834,447

464,458

14925.8 %

 

Passive Account

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Shareholders' equity

45,408,381

7.5 %

42,253,564

-0.9 %

42,652,885

230,455

19603.8 %

Share capital

3,225,600

0%

3,225,600

0%

3,225,600

60,835

5202.3 %

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

3,716,387

-0.3 %

3,726,214

-22.9 %

4,830,462

0

0%

Liabilities

20,663,220

22.1 %

16,922,552

-7.7 %

18,333,517

135,329

15168.9 %

 Financial liabilities

513,807

55.5 %

330,445

-9.2 %

363,840

5,852

8680.0 %

 Advanced payments received

3,189,563

77.5 %

1,797,143

-0.5 %

1,805,550

0

0%

 Trade account payables

9,055,045

13.4 %

7,987,582

-21.3 %

10,144,820

52,803

17048.7 %

 Tax and social liabilities

4,583,977

17.2 %

3,912,538

38.3 %

2,828,878

76,766

5871.4 %

 Other debts and fixed assets liabilities

2,955,658

24.2 %

2,378,907

-19.8 %

2,966,307

5,109

57757.6 %

Account regularization

365,795

-32.4 %

541,093

123.9 %

241,700

0

0%

Total liabilities

69,788,613

10.9 %

62,927,486

-4.4 %

65,834,442

464,457

14925.9 %

 

Results

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sales of Goods

96,020,302

19.9 %

80,058,969

-14.2 %

93,301,573

551,652

17306.0 %

Net turnover

89,692,593

20.1 %

74,678,664

-12.0 %

84,888,073

527,913

16890.0 %

 of which net export turnover

85,544,065

16.8 %

73,256,032

-12.5 %

83,731,267

1,445

5919904.5 %

Operating charges

91,468,462

13.5 %

80,621,854

-14.0 %

93,743,825

439,641

20705.3 %

Operating profit/loss

4,551,840

908.7 %

-562,885

-27.3 %

-442,252

15,947

28443.6 %

Financial income

994,736

45.3 %

684,631

-33.7 %

1,033,109

397

250779.2 %

Financial charges

914,313

268.6 %

248,028

-59.4 %

610,370

462

197803.2 %

Financial profit/loss

80,423

-81.6 %

436,603

3.3 %

422,739

-1

16084700.0 %

Pretax net operating income

4,632,263

3768.2 %

-126,282

-547.2 %

-19,513

16,146

28590.7 %

Extraordinary income

3,165,966

25.2 %

2,528,328

-42.9 %

4,431,724

43

7449231.8 %

Extraordinary charges

1,601,284

-12.1 %

1,822,354

-55.5 %

4,095,820

542

295612.7 %

Extraordinary profit/loss

1,564,682

121.6 %

705,974

110.2 %

335,904

-68

2301102.9 %

Net result

4,589,582

14737.5 %

-31,355

-112.3 %

255,801

18,413

24825.8 %

 

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

69,788,613

10.9 %

62,927,487

-4.4 %

65,834,447

Gross

CO

126,272,940

7.4 %

117,557,386

0.6 %

116,882,170

Amortisation

1A

56,484,327

3.4 %

54,629,899

7.0 %

51,047,723

 

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

10,200,831

-8.5 %

11,153,402

-14.3 %

13,009,800

Gross

BJ

62,326,058

3.4 %

60,293,376

3.9 %

58,040,623

Amortisation

BK

52,125,227

6.1 %

49,139,974

9.1 %

45,030,823

 

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

37,246

-95.2 %

780,639

-49.2 %

1,537,641

Gross

AF

4,621,949

0.7 %

4,591,398

0.3 %

4,575,469

Amortisation

AG

4,584,704

20.3 %

3,810,759

25.4 %

3,037,828

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

37,246

-95.2 %

780,639

-49.2 %

1,537,641

 

Tangible fixed assets

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Lands

Net

993,498

0.0 %

993,476

-0.7 %

1,000,121

Gross

AN

1,225,224

0%

1,225,224

0%

1,225,224

Amortisation

AO

231,726

0.0 %

231,748

3.0 %

225,103

Buildings

Net

2,248,157

-10.4 %

2,510,304

-7.9 %

2,725,304

Gross

AP

10,258,821

1.5 %

10,102,598

2.0 %

9,903,865

Amortisation

AQ

8,010,665

5.5 %

7,592,294

5.8 %

7,178,561

Plant

Net

5,532,803

-0.3 %

5,547,644

-20.5 %

6,977,356

Gross

AR

43,395,889

4.2 %

41,649,622

3.5 %

40,230,910

Amortisation

AS

37,863,086

4.9 %

36,101,978

8.6 %

33,253,554

Other tangible fixed assets

Net

179,076

8.8 %

164,549

10.6 %

148,745

Gross

AT

1,614,122

3.0 %

1,567,744

5.6 %

1,484,522

Amortisation

AU

1,435,047

2.3 %

1,403,195

5.0 %

1,335,777

Fixed assets in construction

Net

1,127,426

16.8 %

965,574

118.4 %

442,209

Gross

AV

1,127,426

16.8 %

965,574

118.4 %

442,209

Amortisation

AW

0

0%

0

0%

0

Advances and payments on account

Net

59,883

-64.3 %

167,553

11.6 %

150,169

Gross

AX

59,883

-64.3 %

167,553

11.6 %

150,169

Amortisation

AY

0

0%

0

0%

0

Sub Total Tangible asset

Net

10,140,843

-2.0 %

10,349,100

-9.6 %

11,443,904

 

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

15,775

0%

15,775

-22.5 %

20,367

Gross

BF

15,775

0%

15,775

-22.5 %

20,367

Amortisation

BG

0

0%

0

0%

0

Other financial assets

Net

6,968

-11.7 %

7,888

0%

7,888

Gross

BH

6,968

-11.7 %

7,888

0%

7,888

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

22,743

-3.9 %

23,663

-16.3 %

28,255

 

Current Assets (III)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Assets

Net

59,400,268

14.8 %

51,764,130

-2.0 %

52,821,653

Gross

CJ

63,759,368

11.4 %

57,254,055

-2.7 %

58,838,553

Amortisation

CK

4,359,099

-20.6 %

5,489,925

-8.8 %

6,016,900

 

Stocks

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Raw materials

Net

9,728,701

3.7 %

9,382,465

-0.9 %

9,468,016

Gross

BL

11,539,302

-2.6 %

11,842,822

-4.1 %

12,343,032

Amortisation

BM

1,810,601

-26.4 %

2,460,357

-14.4 %

2,875,016

Work in progress (goods)

Net

474,734

5.6 %

449,662

-15.5 %

531,849

Gross

BN

474,734

5.6 %

449,662

-15.5 %

531,849

Amortisation

BO

0

0%

0

0%

0

Work in progress (services)

Net

0

0%

0

0%

0

Gross

BP

0

0%

0

0%

0

Amortisation

BQ

0

0%

0

0%

0

Semi-finished and finished products

Net

9,518,575

14.4 %

8,321,247

-4.3 %

8,693,502

Gross

BR

10,612,424

9.7 %

9,672,430

-6.0 %

10,291,280

Amortisation

BS

1,093,849

-19.0 %

1,351,183

-15.4 %

1,597,778

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

19,722,010

8.6 %

18,153,374

-2.9 %

18,693,367

 

Advance payments to suppliers

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Advance payments to suppliers

Net

958

0%

0

0%

0

Gross

BV

958

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

19,526,762

-10.5 %

21,822,554

7.7 %

20,256,958

Gross

BX

20,981,411

-10.7 %

23,500,939

7.8 %

21,801,064

Amortisation

BY

1,454,649

-13.3 %

1,678,385

8.7 %

1,544,106

Other debtors

Net

19,474,572

87.8 %

10,367,756

-15.6 %

12,289,901

Gross

BZ

19,474,572

87.8 %

10,367,756

-15.6 %

12,289,901

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

39,001,334

21.2 %

32,190,310

-1.1 %

32,546,859

 

Divers

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Investment securities

Net

0

0%

0

0%

0

Gross

CD

0

0%

0

0%

0

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

426,442

-63.1 %

1,155,722

-2.3 %

1,182,539

Gross

CF

426,442

-63.1 %

1,155,722

-2.3 %

1,182,539

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

426,442

-63.1 %

1,155,722

-2.3 %

1,182,539

 

Prepaid expenses

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Prepaid expenses

Net

249,525

-5.7 %

264,724

-33.6 %

398,888

Gross

CH

249,525

-5.7 %

264,724

-33.6 %

398,888

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

187,514

1783.6 %

9,955

232.5 %

2,994

Gross

187,514

1783.6 %

9,955

232.5 %

2,994

 

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

69,788,613

10.9 %

62,927,486

-4.4 %

65,834,442

 

Shareholder Equity (I)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total shareholders' equity (Total I)

DL

45,408,381

7.5 %

42,253,564

-0.9 %

42,652,885

Equity and shareholders' equity

DA

3,225,600

0%

3,225,600

0%

3,225,600

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

322,560

0%

322,560

0%

322,560

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

33,687,946

0%

33,687,946

0.8 %

33,427,946

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

-27,461

-805.2 %

3,894

-51.9 %

8,093

Profit or loss for the period

DI

4,589,582

14737.5 %

-31,355

-112.3 %

255,801

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

3,610,155

-28.4 %

5,044,919

-6.8 %

5,412,885

 

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

3,716,387

-0.3 %

3,726,214

-22.9 %

4,830,462

Risk provisions

DP

3,470,514

5.9 %

3,277,955

-25.2 %

4,380,993

Reserves for charges

DQ

245,873

-45.1 %

448,259

-0.3 %

449,469

 

Liabilities (IV)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Liabilities (Total IV)

EC

20,663,220

22.1 %

16,922,552

-7.7 %

18,333,517

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

462,127

45.3 %

317,945

-9.5 %

351,340

Sundry loans and financial liabilities

DV

51,680

313.4 %

12,500

0%

12,500

Of which participating loans

EI

0

0%

0

0%

0

Advance payments received for current orders

DW

3,189,563

77.5 %

1,797,143

-0.5 %

1,805,550

Trade accounts payables

DX

9,055,045

13.4 %

7,987,582

-21.3 %

10,144,820

Tax and social security liabilities

DY

4,583,977

17.2 %

3,912,538

38.3 %

2,828,878

Fixed asset liabilities

DZ

706,488

116.9 %

325,716

-66.5 %

971,735

Other debts

EA

2,248,545

10.9 %

2,028,035

2.6 %

1,976,994

 

Translation loss (V)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Translation loss (Total V)

ED

625

-97.5 %

25,156

43.1 %

17,578

 

Equalization accounts

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Deferred income

EB

365,795

-32.4 %

541,093

123.9 %

241,700

 

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

4,551,840

908.7 %

-562,885

-27.3 %

-442,252

 

2 - Financial result (V-VI)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Financial result (Total V-VI)

GV

80,423

-81.6 %

436,603

3.3 %

422,739

 

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

4,632,263

3768.2 %

-126,282

-547.2 %

-19,513

 

4 - Extraordinary result (VII-VIII)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Extraordinary result (Total VII-VIII)

HI

1,564,682

121.6 %

705,974

110.2 %

335,904

 

 

Profit or loss

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Profit or loss

HN

4,589,582

14737.5 %

-31,355

-112.3 %

255,801

 

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

100,181,004

20.3 %

83,271,928

-15.7 %

98,766,406

 

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

95,591,423

14.8 %

83,303,282

-15.4 %

98,510,601

 

 

Operating income (I)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total operating income (Total I)

FR

96,020,302

19.9 %

80,058,969

-14.2 %

93,301,573

 

Operating income (details)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sale of goods for resale

FC

169,070

-51.2 %

346,353

133.4 %

148,375

France

FA

11,400

-5.0 %

12,005

-35.0 %

18,469

Export

FB

157,670

-52.8 %

334,348

157.4 %

129,906

Sale of goods produced

FF

86,471,158

20.4 %

71,845,624

-11.7 %

81,337,079

France

FD

3,801,262

213.7 %

1,211,632

28.9 %

939,943

Export

FE

82,669,896

17.0 %

70,633,992

-12.1 %

80,397,136

Sale of services

FI

3,052,365

22.7 %

2,486,687

-26.9 %

3,402,619

France

FG

335,866

68.8 %

198,995

0.3 %

198,394

Export

FH

2,716,499

18.7 %

2,287,692

-28.6 %

3,204,225

Net turnover

FL

89,692,593

20.1 %

74,678,664

-12.0 %

84,888,073

France

FJ

4,148,528

191.6 %

1,422,632

23.0 %

1,156,806

Export

FK

85,544,065

16.8 %

73,256,032

-12.5 %

83,731,267

Stocked production

FM

965,067

237.7 %

-701,037

39.3 %

-1,155,303

Self-constructed assets

FN

164,690

-41.4 %

281,268

-32.5 %

416,949

Operating grants

FO

21,866

4.2 %

20,988

219.9 %

6,561

Release of reserves and provisions

FP

4,733,843

-15.4 %

5,597,076

-36.6 %

8,831,642

Other income

FQ

442,243

143.0 %

182,010

-42.0 %

313,651

 

Operating charges (II)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total operating charges (Total II)

GF

91,468,462

13.5 %

80,621,854

-14.0 %

93,743,825

 

Exploitation charges

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Purchase of goods for resale

FS

136,803

-64.5 %

384,951

84.1 %

209,048

Change in stocks of goods for resale

FT

0

0%

0

0%

0

Purchase of raw materials

FU

41,597,924

27.4 %

32,655,288

-18.0 %

39,834,484

Change in stocks of raw materials

FV

303,520

-39.3 %

500,209

19.4 %

419,073

Other external purchases and charges

FW

24,322,464

15.7 %

21,029,052

-21.2 %

26,696,287

Tax, duty and similar payments

FX

1,394,247

14.6 %

1,216,822

-5.8 %

1,291,567

Payroll

FY

8,848,978

1.7 %

8,704,273

0.6 %

8,655,061

Social security costs

FZ

4,412,798

2.2 %

4,317,592

0.7 %

4,288,358

 

Depreciation

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Depreciation of fixed assets

GA

3,393,449

-6.1 %

3,612,527

-6.9 %

3,878,626

Amortisation of fixed assets

GB

0

0%

1,004,880

0%

0

Depreciation/amortisation of current assets

GC

26,478

-88.1 %

221,650

-70.5 %

750,905

Provisions for risks and charges

GD

3,320,544

-7.7 %

3,599,121

-22.8 %

4,660,433

 

Other charges

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Other charges

GE

3,711,256

9.9 %

3,375,489

10.3 %

3,059,983

 

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

994,736

45.3 %

684,631

-33.7 %

1,033,109

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

226,171

15.9 %

195,223

-43.3 %

344,592

Released provisions and transferred charges

GM

9,955

232.6 %

2,993

0%

0

Exchange gains

GN

758,609

56.0 %

486,415

-29.4 %

688,517

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

914,313

268.6 %

248,028

-59.4 %

610,370

Financial reserves and provisions

GQ

187,514

1783.6 %

9,955

232.6 %

2,993

Interest and similar charges

GR

1,344

60.8 %

836

-7.9 %

908

Exchange losses

GS

725,455

205.8 %

237,237

-60.9 %

606,469

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

3,165,966

25.2 %

2,528,328

-42.9 %

4,431,724

Extraordinary operating income

HA

66,606

-51.8 %

138,306

-17.0 %

166,594

Extraordinary income from capital transactions

HB

144,851

-57.7 %

342,464

-69.0 %

1,104,763

Released provisions and transferred charges

HC

2,954,508

44.3 %

2,047,558

-35.2 %

3,160,367

 

Extraordinary charges (VIII)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total extraordinary charges (Total VIII)

HH

1,601,284

-12.1 %

1,822,354

-55.5 %

4,095,820

Extraordinary operating charges

HE

0

0%

4,218

-99.6 %

986,149

Extraordinary charges from capital transactions

HF

81,540

-41.1 %

138,545

-88.8 %

1,235,832

Extraordinary reserves and provisions

HG

1,519,744

-9.5 %

1,679,591

-10.4 %

1,873,839

 

Employee profit sharing (IX)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Employee profit sharing (Total IX)

HJ

1,857,671

79.0 %

1,038,074

5.3 %

985,891

 

Tax on profits (X)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Tax on profits (Total X)

HK

-250,308

41.4 %

-427,028

53.9 %

-925,305

 

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

1,166,241

3.1 %

1,130,750

-54.4 %

2,477,124

Decreasess by transfers

OK2

483,931

-23.4 %

631,818

-79.6 %

3,101,163

Gross value at the end of period

OL

62,326,057

3.4 %

60,293,374

3.9 %

58,040,622

 

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

4,591,398

0.3 %

4,575,469

0.0 %

4,577,428

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

30,551

91.8 %

15,929

-20.5 %

20,033

Decreasess by budget item transfer

LV1

0

0%

0

0%

0

Decreasess by transfers

LV2

0

0%

0

0%

21,991

Gross value at the end of period

LW

4,621,949

0.7 %

4,591,398

0.3 %

4,575,470

 

Tangible fixed assets (Total III)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

LN

55,678,314

4.2 %

53,436,899

1.6 %

52,570,018

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

3,652,303

-8.7 %

3,999,390

-37.7 %

6,422,575

Decreasess by budget item transfer

NG1

1,166,241

3.1 %

1,130,750

-54.4 %

2,477,124

Decreasess by transfers

NG2

483,011

-23.0 %

627,226

-79.6 %

3,078,572

Gross value at the end of period

NH

57,681,365

3.6 %

55,678,313

4.2 %

53,436,897

 

Financial assets (Total IV)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

LQ

23,663

-16.3 %

28,255

258.2 %

7,888

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

0

0%

0

0%

20,967

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

920

-80.0 %

4,592

665.3 %

600

Gross value at the end of period

NK

22,743

-3.9 %

23,663

-16.3 %

28,255

 

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

0

0%

0

0%

0

Increases

PF

0

0%

0

0%

0

Decreasess

PG

0

0%

0

0%

0

Decreasess by budget item transfer

PH

0

0%

0

0%

0

 

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

0

0%

0

0%

0

Increases

QV

0

0%

0

0%

0

Decreases

QW

0

0%

0

0%

0

Decreasess by budget item transfer

QX

0

0%

0

0%

0

 

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

16,638,824

-9.4 %

18,369,477

-23.0 %

23,846,627

Increases

UB

4,184,477

-27.9 %

5,800,792

-6.9 %

6,231,229

Decreases

UC

7,636,422

1.4 %

7,531,445

-35.7 %

11,708,378

Value at the end of period

UD

13,186,879

-20.7 %

16,638,824

-9.4 %

18,369,478

 

Includes Total allocations

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating

UE

3,347,022

-30.6 %

4,825,651

-10.8 %

5,411,339

Financial

UG

187,514

1783.6 %

9,955

232.6 %

2,993

Exceptional

UJ

649,941

-32.7 %

965,185

18.2 %

816,897

 

Includes Total Withdrawal

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating

UF

4,671,959

-24.6 %

6,195,300

-27.5 %

8,548,011

Financial

UH

9,955

232.6 %

2,993

0%

0

Exceptional

UK

2,954,508

121.6 %

1,333,152

-57.8 %

3,160,367

 

Total regulated provisions (Total I)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

3Z

5,044,919

-6.8 %

5,412,885

-19.2 %

6,699,413

Increases

TS

649,941

-32.7 %

965,185

18.2 %

816,897

Decreases

TT

2,084,705

56.4 %

1,333,152

-36.6 %

2,103,425

Value at the end of period

TU

3,610,155

-28.4 %

5,044,918

-6.8 %

5,412,885

 

Total risk and charge provisions (Total II)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

5Z

3,726,214

-22.9 %

4,830,462

-15.1 %

5,686,506

Increases

TV

3,482,265

5.3 %

3,306,686

-26.0 %

4,467,761

Decreases

TW

3,492,092

-20.8 %

4,410,934

-17.1 %

5,323,805

Value at the end of period

TX

3,716,387

-0.3 %

3,726,214

-22.9 %

4,830,462

 

Total Provision for depreciation (Total III)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

7B

7,867,691

-3.2 %

8,126,130

-29.1 %

11,460,708

Increases

TY

52,271

-96.6 %

1,528,921

61.5 %

946,571

Decreases

TZ

2,059,625

15.2 %

1,787,359

-58.3 %

4,281,148

Value at the end of period

UA

5,860,337

-25.5 %

7,867,692

-3.2 %

8,126,131

 

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

40,728,250

19.2 %

34,157,082

-1.0 %

34,518,107

1 year at most

VU

39,112,539

24.3 %

31,456,239

-2.5 %

32,261,376

More than one year

VV

1,615,711

-40.2 %

2,700,843

19.7 %

2,256,731

 

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

15,775

0%

15,775

-22.5 %

20,367

Loans (1 year at most)

UR

15,775

0%

15,775

-22.5 %

20,367

Other financial assets (gross)

UT

6,968

-11.7 %

7,888

0%

7,888

Other financial assets (1 year at most)

UV

6,968

-11.7 %

7,888

0%

7,888

 

Receivables statement of assets

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Customers doubtful or disputed

VA

267,495

9.9 %

243,378

2.1 %

238,390

Other claims customer

UX

20,713,916

-10.9 %

23,257,561

7.9 %

21,562,674

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

9,494

121.7 %

4,282

397.3 %

861

Social Security and other social organizations

UZ

1,499

34.0 %

1,119

-94.9 %

21,770

Income taxes

VM

0

0%

0

0%

0

Value added tax

VB

546,251

-5.4 %

577,193

-29.7 %

821,434

Other taxes and payments assimilated

VN

0

0%

0

0%

71,092

State and other public - Miscellaneous

VP

0

0%

39,901

0%

0

Group and Associates

VC

18,694,673

94.4 %

9,616,200

-14.6 %

11,253,657

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

VR

222,654

72.5 %

129,061

6.6 %

121,086

 

Prepaid

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Prepaid

VS

249,525

-5.7 %

264,724

-33.6 %

398,888

 

State Debt

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total debt (gross)

VY

17,473,657

15.5 %

15,125,408

-8.5 %

16,527,968

1 year at most

VZ2

17,363,833

16.3 %

14,926,142

-9.4 %

16,466,088

More than 1 year and 5 years at most

VZ3

109,824

-44.9 %

199,266

222.0 %

61,880

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

462,127

45.3 %

317,945

-9.5 %

351,340

1 year at most

VG2

462,127

45.3 %

317,945

-9.5 %

351,340

More than 1 year and 5 years at most

VG3

0

0%

0

0%

0

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

VH1

0

0%

0

0%

0

1 year at most

VH2

0

0%

0

0%

0

More than 1 year and 5 years at most

VH3

0

0%

0

0%

0

Loans and various financial liabilities (gross)

8A1

51,680

313.4 %

12,500

0%

12,500

1 year at most

8A2

51,680

313.4 %

12,500

0%

12,500

More than 1 year and 5 years at most

8A3

0

0%

0

0%

0

Suppliers and associated accounts (gross)

8B1

9,055,045

13.4 %

7,987,582

-21.3 %

10,144,820

1 year at most

8B2

9,055,045

13.4 %

7,987,582

-21.3 %

10,144,820

More than 1 year and 5 years at most

8B3

9,055,045

13.4 %

7,987,582

-21.3 %

10,144,820

Personnel and associated accounts (gross)

8C1

1,908,045

21.4 %

1,571,297

19.6 %

1,313,961

1 year at most

8C2

1,908,045

21.4 %

1,571,297

19.6 %

1,313,961

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

1,562,709

13.0 %

1,382,387

5.9 %

1,305,878

1 year at most

8D2

1,562,709

13.0 %

1,382,387

5.9 %

1,305,878

More than 1 year and 5 years at most

8D3

0

0%

0

0%

0

Taxes on profits (gross)

8E1

832,756

21.6 %

684,736

0%

0

1 year at most

8E2

832,756

21.6 %

684,736

0%

0

More than 1 year and 5 years at most

8E3

0

0%

0

0%

0

VAT (Gross)

VW1

9,578

-62.9 %

25,802

136.2 %

10,925

1 year at most

VW2

9,578

-62.9 %

25,802

136.2 %

10,925

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

270,889

9.1 %

248,315

25.3 %

198,115

1 year at most

VQ2

270,889

9.1 %

248,315

25.3 %

198,115

More than 1 year and 5 years at most

VQ3

0

0%

0

0%

0

Assets and liabilities associated accounts (gross)

8J1

706,488

116.9 %

325,716

-66.5 %

971,735

1 year at most

8J2

706,488

116.9 %

325,716

-66.5 %

971,735

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

352,370

0%

0

0%

276,000

1 year at most

VI2

352,370

0%

0

0%

276,000

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

1,896,175

-6.5 %

2,028,035

19.2 %

1,700,994

1 year at most

8K2

1,896,175

-6.5 %

2,028,035

19.2 %

1,700,994

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

365,795

-32.4 %

541,093

123.9 %

241,700

1 year at most

8L2

255,971

-25.1 %

341,827

90.1 %

179,820

More than 1 year and 5 years at most

8L3

109,824

-44.9 %

199,266

222.0 %

61,880

 

References

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Loans made during the period

VJ

39,180

0%

0

0%

0

Debt repaid during the period

VK

0

0%

0

0%

33,053

 

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

213

0%

0

0%

0

 

Ratios

 

Structure and Liquidity

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Fixed Asset Financing

1.63

3.2 %

1.58

-1.3 %

1.60

1.87

-12.8 %

Global Debt

83 days

1.2 %

82 days

5.1 %

78 days

105 days

-21.0 %

Working Capital Fund overall net

158 days

-6.5 %

169 days

14.2 %

148 days

125 days

26.4 %

Financial independence

8,837.63 %

-30.9 %

12,786.87 %

9.1 %

11,722.98 %

385.30 %

2193.7 %

Solvability

65.07 %

-3.1 %

67.15 %

3.6 %

64.79 %

52.39 %

24.2 %

Capacity debt futures

9,825.95 %

-26.1 %

13,289.58 %

9.5 %

12,140.06 %

1,800.31 %

445.8 %

Coverage of current assets by net working capital overall

62.10 %

0.7 %

61.69 %

3.5 %

59.61 %

54.36 %

14.2 %

General Liquidity

2.25

6.6 %

2.11

7.7 %

1.96

0.89

152.8 %

Restricted Liquidity

2.28

4.6 %

2.18

7.4 %

2.03

1.67

36.5 %

 

Management or rotation

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Need background in operating working capital

156 days

-5.5 %

165 days

16.2 %

142 days

54 days

188.9 %

Treasury

2 days

-66.7 %

6 days

20.0 %

5 days

11 days

-81.0 %

Inventory turnover of goods

0 days

0%

0 days

0%

0 days

29 days

0%

Average length of credit granted to customers

84 days

-25.7 %

113 days

22.8 %

92 days

65 days

30.2 %

Average length of credit obtained suppliers

49 days

-7.5 %

53 days

-1.9 %

54 days

56 days

-11.7 %

Inventory turnover of raw materials in industrial enterprises

99 days

-23.3 %

129 days

16.2 %

111 days

93 days

7.0 %

Inventory turnover of intermediate and finished products in the industrial enterprise

156 days

16.4 %

134 days

-15.7 %

159 days

424 days

-63.2 %

Rotation tangible assets

155.50 %

15.9 %

134.13 %

-15.6 %

158.86 %

537.13 %

-71.0 %

 

Profitability of the business

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Margin trading

0.04 %

180.0 %

-0.05 %

28.6 %

-0.07 %

0.00 %

0%

Profitability of the business

10.96 %

49.5 %

7.33 %

125.5 %

3.25 %

5.15 %

112.8 %

Net profit

5.12 %

12900.0 %

-0.04 %

-113.3 %

0.30 %

4.49 %

14.0 %

Growth rate of turnover (excluding VAT)

20.10 %

267.1 %

-12.03 %

-0.1 %

-12.02 %

0.43 %

4574.4 %

Rates integration

27.27 %

3.4 %

26.37 %

31.7 %

20.02 %

32.33 %

-15.7 %

Rate leasing furniture

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Work Factor

54.21 %

-18.0 %

66.14 %

-13.2 %

76.18 %

68.32 %

-20.7 %

Weight interests

1.02 %

209.1 %

0.33 %

-54.2 %

0.72 %

0.11 %

827.3 %

 

Return on capital

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Cash flow from the overall profitability

2.22 %

213.8 %

-1.95 %

70.3 %

-6.56 %

4.98 %

-55.4 %

Rates of economic profitability

21.00 %

61.5 %

13.00 %

116.7 %

6.00 %

11.26 %

86.5 %

Financial profitability

45,408,381.00 %

7.5 %

42,253,564.00 %

-0.9 %

42,652,885.00 %

217,655.50 %

20762.5 %

Return on investment

11.99 %

2251.0 %

0.51 %

-74.6 %

2.01 %

11.85 %

1.2 %

 

Management intermediate balances

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Turnover

89,692,593

20.1 %

74,678,664

-12.0 %

84,888,073

527,913

16890.0 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sales of goods

169,070

-51.2 %

346,353

133.4 %

148,375

-

- Purchase of goods

136,803

-64.5 %

384,951

84.1 %

209,048

-

+/- Stock of goods variation

0

0%

0

0%

0

-

Trading margin

32,267 €

183.6 %

-38,598 €

36.4 %

-60,673 €

0 €

0%

0.04 % CA

180.0 %

-0.05 % CA

28.6 %

-0.07 % CA

0.02 % CA

100.0 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sale of goods produced

89,523,523

20.4 %

74,332,311

-12.3 %

84,739,698

-

+/- Stocked production

965,067

237.7 %

-701,037

39.3 %

-1,155,303

-

+ Self-constructed assets

164,690

-41.4 %

281,268

-32.5 %

416,949

-

Period production

90,653,280 €

22.6 %

73,912,542 €

-12.0 %

84,001,344 €

312,442 €

28914.4 %

101.07 % CA

2.1 %

98.97 % CA

0.0 %

98.96 % CA

95.93 % CA

5.4 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Trading margin

32,267

183.6 %

-38,598

36.4 %

-60,673

0

0%

+ Period Production

90,653,280

22.6 %

73,912,542

-12.0 %

84,001,344

312,442

28914.4 %

- Purchase of raw materials

41,597,924

27.4 %

32,655,288

-18.0 %

39,834,484

-

+/- Change in stocks of raw materiels

303,520

-39.3 %

500,209

19.4 %

419,073

-

- Other external purchases and charges

24,322,464

15.7 %

21,029,052

-21.2 %

26,696,287

-

Added value

24,461,639 €

24.2 %

19,689,395 €

15.9 %

16,990,827 €

175,679 €

13824.1 %

27.27 % CA

3.4 %

26.37 % CA

31.7 %

20.02 % CA

32.33 % CA

-15.7 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Added value

24,461,639 €

24.2 %

19,689,395 €

15.9 %

16,990,827 €

175,679 €

13824.1 %

+ Operating grants

21,866

4.2 %

20,988

219.9 %

6,561

-

- Tax, duty and similar payments

1,394,247

14.6 %

1,216,822

-5.8 %

1,291,567

-

- Personal charges

13,261,776

1.8 %

13,021,865

0.6 %

12,943,419

-

Gross operating surplus

9,827,482 €

79.6 %

5,471,696 €

98.1 %

2,762,402 €

14,175 €

69232.1 %

10.96 % CA

49.5 %

7.33 % CA

125.5 %

3.25 % CA

5.15 % CA

112.8 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Gross operating surplus

9,827,482 €

79.6 %

5,471,696 €

98.1 %

2,762,402 €

14,175 €

69232.1 %

+ Release of reserves and provisions

4,733,843

-15.4 %

5,597,076

-36.6 %

8,831,642

-

+ Other operating income

442,243

143.0 %

182,010

-42.0 %

313,651

-

- Depreciation/ Amortisation

6,740,471

-20.1 %

8,438,178

-9.2 %

9,289,964

-

- Other charges

3,711,256

9.9 %

3,375,489

10.3 %

3,059,983

-

Operating result

4,551,841 €

908.7 %

-562,885 €

-27.3 %

-442,252 €

15,947 €

28443.6 %

5.07 % CA

776.0 %

-0.75 % CA

-44.2 %

-0.52 % CA

5.25 % CA

-3.4 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Operating result

4,551,841 €

908.7 %

-562,885 €

-27.3 %

-442,252 €

15,947 €

28443.6 %

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

0

0%

0

0%

0

-

+ Financial income

994,736

45.3 %

684,631

-33.7 %

1,033,109

-

- Financial charges

914,313

268.6 %

248,028

-59.4 %

610,370

-

Pre-tax result

4,632,264 €

3768.2 %

-126,282 €

-547.2 %

-19,513 €

16,145 €

28591.6 %

5.16 % CA

3135.3 %

-0.17 % CA

-750.0 %

-0.02 % CA

5.54 % CA

-6.9 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Extraordinary income

3,165,966

25.2 %

2,528,328

-42.9 %

4,431,724

43

7449231.8 %

- Extraordinary charges

1,601,284

-12.1 %

1,822,354

-55.5 %

4,095,820

-

Extraordinary result

1,564,682 €

121.6 %

705,974 €

110.2 %

335,904 €

-68 €

2301102.9 %

1.74 % CA

83.2 %

0.95 % CA

137.5 %

0.40 % CA

-0.06 % CA

3000.0 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Pre-tax result

4,632,264 €

3768.2 %

-126,282 €

-547.2 %

-19,513 €

16,145 €

28591.6 %

Extraordinary result

1,564,682 €

121.6 %

705,974 €

110.2 %

335,904 €

-68 €

2301102.9 %

- Employee profit sharing

1,857,671

79.0 %

1,038,074

5.3 %

985,891

-

- Tax on profits

-250,308

41.4 %

-427,028

53.9 %

-925,305

-

Net result

4,589,583 €

14738.0 %

-31,354 €

-112.3 %

255,805 €

18,414 €

24825.1 %

5.12 % CA

12900.0 %

-0.04 % CA

-113.3 %

0.30 % CA

4.49 % CA

14.0 %

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.20

UK Pound

1

Rs.92.93

Euro

1

Rs.68.03

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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.