MIRA INFORM REPORT

 

 

Report No. :

348068

Report Date :

03.11.2015

 

IDENTIFICATION DETAILS

 

Name :

ETS GARELLY

 

 

Registered Office :

Vc Zi Carrefour De L Europe 57600 Forbach

 

 

Country :

France

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

January 1958

 

 

Legal Form :

Public limited company with board of directors

 

 

Line of Business :

Wholesale (intercompany trade) of hardware (4674A)

 

 

No. of Employees :

20 to 49 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No complaints

 

 

Litigation :

Clear

 

 

NOTES:

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

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

FRANCE - ECONOMIC OVERVIEW

 

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

 

Source : CIA

Company summary

 

Name

ETS GARELLY

Acronym

-

Trade name

-

Status

Economically active

Postal Address

ETS GARELLY
VC ZI CARREFOUR DE L EUROPE
57600 FORBACH

Share Capital

200,000 Euros

Telephone

03 87 84 45 84

Activity (APE)

Wholesale (intercompany trade) of hardware (4674A) 

RCS Registration

RCS Sarreguemines B 655 881 415

Formation Date

01/1958

EUR VAT Number

FR33655881415

Deregistration Date

-

Last account Date

31/12/2013

Court Registry Number

19 5 8B00141

Incorporiation Date

01/1958

Registration Court

Sarreguemines (57)

Fax

-

Nationality

France

 

 

Legal form

Public limited company with board of directors

Currency

Euros

 

 

Key Financials

 

Year to date

Turnover

Gross operating surplus

Shareholder's equity

Net result

Employees

31/12/2013

5,617,947 €

5.93% Turnover

1,666,584 €

138,111 €

20 to 49 employees

31/12/2012

5,962,541 €

6.28% Turnover

1,533,741 €

138,527 €

20 to 49 employees

29/06/2012

6,464,027 €

6.40% Turnover

1,400,849 €

168,844 €

20 to 49 employees

 

 

Trends

 

Profitability

Liquidity

Net Worth

 

 

Directors

 

Current Directors

3

 

 

Judgment and Preferential

 

Judgment

No judgement

Preferential Right

Collection of preferential rights impossible on this company

 

 

Establishment Details

 

Type of Establishment

Head Office

Production Role

-

APE/NAF Code

4674A

Activity

Wholesale (intercompany trade) of hardware

Formation Date

01/1900

Reason for Formation

Formation

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

Other

Trading Address

VC ZI CARREFOUR DE L EUROP
57600 FORBACH

Department

Moselle (57)

Location Surface

-

District

3

City

FORBACH

Status

Economically active

Business Pages FT®

BOULONNERIE, VISSERIE, CLOUTERIE

Region

Lorraine

Area

98

Size of Urban Area

-

 

 

Other Establishment(s)

 

Regionality

Legal unit with multiple establishments in many areas having at least 80% of workforce in same area

Mono-activity status

Legal unit having all establishments with the same main activity

Branches

1 branch entities in this company

 

 

Company Name

Company Type

APE/NAF Code

Activity

City

Post Code

ETS GARELLY

Head Office

4674A

Wholesale (intercompany trade) of hardware

FORBACH

57600

ETS GARELLY

Branch

4674A

Wholesale (intercompany trade) of hardware

LA GARENNE COLOMBES

92250

 

 

Workforces

 

Workforce at address

20 to 49 employees

Company workforce

20 to 49 employees

 

 

Commentary

 

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

 

The sales to current assets ratio is 2.16

The company is 57 years old

Industry code with low risk rating

The tangible fixed assets are 378,178 €

The return on total assets employed is positive

The debtor days are 16.95

The ratio total assets to total liabilities is 2.20

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

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

The liquidity acid test is more than 65%

 

 

Industry comparison

 

Activity (APE)

Wholesale (intercompany trade) of hardware (4674A)

Industry average credit rating

49

Industry average credit limit

41,088

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

Summary of preferential rights

 

Status of Monitoring

Collection of preferential rights impossible on this company

Number of active preferential rights

0

Total amount

-

Due remaining amount

-

 

 

Group Data

 

No group information available for the company

 

 

Shareholders

 

No Shareholders available for this company

 

 

Linkages

 

No Linkages information available for the company.

 

 

Director(s)

 

Name

M. DRESCHER ERNEST

 

Manager position

President

Date of birth

-

 

Place of birth

 

Type

Individual

Name at birth

 

 

Name

M. MELIN JEAN-PIERRE

Manager position

Managing director

Date of birth

16/10/1952

Place of birth

COBLENCE ALLEMAGNE

Type

Individual

Name at birth

 

Name

Mme. DRESCHER BRIGITTE

Manager position

Administrator

Date of birth

-

Place of birth

Type

Individual

Name at birth

 

 


Previous Directors

 

No data about previous directors is available for this company

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

24/06/2015

Bodacc B

Modification et mutation diverse

57 - MOSELLE

GREFFE DU TRIBUNAL D'INSTANCE DE SARREGUEMINES

2089 - 655 881 415 RCS Sarreguemines. ETABLISSEMENTS GARELLY. Forme : SA. Administration : président, administrateur : DRESCHER (Martin) ; directeur général délégué, administrateur : MELIN (Jean, Pierre) ; administratrice : DRESCHER (Brigitte) née DAUDERT ; commissaire aux comptes titulaire : FIDUCIAIRE DE LORRAINE (SARL) ; commissaire aux comptes suppléant : KELLER (Hubert). Activité : .
Commentaires : modification survenue sur l'administration.

15/05/2015

JAL

Appointment of the social representative

Affiches d Alsace et de Lorraine (Les Affiches - Le Moniteur)


Date de décision : 15/04/2015
Société faisant l'objet d'une nomination : 655881415 - ETS GARELLY, VC ZI CARREFOUR DE L EUROPE, 57600 FORBACH
Nominé : Monsieur Martin DRESCHER, SAARBRUCKEN
En la fonction de : Président du Conseil d'Administration

03/11/2014

Bodacc C

Comptes annuels et rapports

57 - MOSELLE

GREFFE DU TRIBUNAL D'INSTANCE DE SARREGUEMINES

1234 - 655881415 RCS. ETABLISSEMENTS GARELLY. Forme : S.A.. Adresse : carrefour de l'Europe, zone industrielle 57601 Forbach Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.

03/11/2014

Bodacc C

Comptes annuels et rapports

57 - MOSELLE

GREFFE DU TRIBUNAL D'INSTANCE DE SARREGUEMINES

1235 - 655881415 RCS. ETABLISSEMENTS GARELLY. Forme : S.A.. Adresse : carrefour de l'Europe, zone industrielle 57601 Forbach Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

05/09/2014

Bodacc B

Modification et mutation diverse

57 - MOSELLE

GREFFE DU TRIBUNAL D'INSTANCE DE SARREGUEMINES

797 - 655 881 415 RCS Sarreguemines. ETABLISSEMENTS GARELLY. Forme : SA. Administration : président, directeur général, administrateur : DRESCHER (Ernst) ; directeur général délégué, administrateur : MELIN (Jean-Pierre) ; administrateur : DRESCHER (Brigitte) née DAUDERT ; commissaire aux comptes titulaire : FIDUCIAIRE DE LORRAINE (SARL) ; commissaire aux comptes suppléant : KELLER (Hubert). Activité : .
Commentaires : modification survenue sur l'administration.

18/07/2013

Bodacc C

Comptes annuels et rapports

57 - MOSELLE

GREFFE DU TRIBUNAL D'INSTANCE DE SARREGUEMINES

1908 - 655881415 RCS. ETABLISSEMENTS GARELLY. Forme : S.A.. Adresse : carrefour de l'Europe, zone industrielle 57601 Forbach Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.

31/08/2012

Bodacc C

Comptes annuels et rapports

57 - MOSELLE

GREFFE DU TRIBUNAL D'INSTANCE DE SARREGUEMINES

688 - 655881415 RCS. ETABLISSEMENTS GARELLY. Forme : S.A.. Adresse : carrefour de l'Europe, zone industrielle 57601 Forbach Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.

26/05/2011

Bodacc C

Comptes annuels et rapports

57 - MOSELLE

GREFFE DU TRIBUNAL D'INSTANCE DE SARREGUEMINES

552 - 655881415 RCS. ETABLISSEMENTS GARELLY. Forme : S.A.. Adresse : carrefour de L'Europe, zone industrielle 57601 Forbach Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

16/05/2010

Bodacc C

Comptes annuels et rapports

57 - MOSELLE

GREFFE DU TRIBUNAL D'INSTANCE DE SARREGUEMINES

959 - 655881415 RCS. ETABLISSEMENTS GARELLY. Forme : S.A.. Adresse : carrefour de L'Europe, zone industrielle 57601 Forbach Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

09/12/2008

Bodacc C

Comptes annuels et rapports

57 - MOSELLE

GREFFE DU TRIBUNAL D'INSTANCE DE SARREGUEMINES

819 - 655881415 RCS. ETABLISSEMENTS GARELLY. Forme : S.A.. Adresse : carrefour de L'Europe, zone industrielle 57601 Forbach Cedex. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

16/10/2007

Bodacc C

Avis de dépôt des comptes

2037 - Sarreguemines B 655 881 415. RC 58-B 141. ETABLISSEMENTS GARELLY. Forme: S.A.. Adresse du siège social: carrefour de L'Europe, zone industrielle57601 Forbach Cedex. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

07/11/2006

Bodacc C

Avis de dépôt des comptes

967 - RCS Sarreguemines B 655 881 415. RC 58-B 141. ETABLISSEMENTS GARELLY. Forme: S.A.. Adresse du siège social: carrefour de L'Europe, zone industrielle57601 Forbach Cedex. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

05/04/2006

Bodacc C

Avis de dépôt des comptes

1367 - RCS Sarreguemines B 655 881 415. RC 58-B 141. ETABLISSEMENTS GARELLY. Forme: S.A.. Adresse du siège social: carrefour de L'Europe, zone industrielleForbach, 57601 Forbach Cedex. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

29/07/2005

Bodacc C

Avis de dépôt des comptes

1558 - RCS Sarreguemines B 655 881 415. RC 58-B 141. ETABLISSEMENTS GARELLY. Forme: S.A.. Adresse du siège social: carrefour de L'Europe, zone industrielle57601 Forbach Cedex. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2002.

29/07/2005

Bodacc C

Avis de dépôt des comptes

1559 - RCS Sarreguemines B 655 881 415. RC 58-B 141. ETABLISSEMENTS GARELLY. Forme: S.A.. Adresse du siège social: carrefour de L'Europe, zone industrielle57601 Forbach Cedex. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.

16/10/2002

Bodacc B

Modifications et mutations diverses

RCS Sarreguemines 655881415 RC 58-B 141 ETABLISSEMENTS GARELLY. Forme : S.A. Capital : 200 000 euros. Adresse du siège social : Z.I., carrefour de l'Europe, 57601 Forbach. Administration : ancien administrateur : DRESCHER GOTTLIEB ( Kurt). Date d'effet : 15 novembre 2001.

11/01/2002

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Sarreguemines B 655881415 RC 58-B 141 ETABLISSEMENTS GARELLY. Forme : S.A. Capital : 1 000 000 de F. Adresse : Z.I., carrefour de l'Europe, 57601 Forbach Nouvelle situation du siège social. Capital : 200 000 euros. Date d'effet : 1 e r octobre 2001.

16/05/1996

Bodacc B

Modifications et mutations diverses

RCS Sarreguemines B 655 881 415 RC 58-B 141 ETABLISSEMENTS GARELLY. Forme : S.A. Capital : 1 000 000 de F (fixe). Adresse du siège social : carrefour de l'Europe, zone industrielle, 57601 Forbach. Administration : nomination en qualité de directeur général et administrateur : MELIN (Jean-Pierre). Date d'effet : 4 octobre 1995.

 

 

Company events history

 

Date

Description

01/08/2015

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

24/06/2015

Bodacc B: Various editing or changing

12/06/2015

27/05/2015

Changes to the Board of Directors

27/05/2015

Appointment/resignation of company officers

27/05/2015

Private document

27/05/2015

Minutes of Board meeting

27/05/2015

Minutes of general meeting of shareholders

27/05/2015

New chairman (CEO, CoB)

27/05/2015

Amendment

15/04/2015

Legal Gazette: Appointment of the social representative

10/04/2015

Update Rating

10/04/2015

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

17/02/2015

17/02/2015

17/02/2015

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

03/11/2014

Bodacc C : Deposit accounts notice

05/09/2014

Bodacc B: Various editing or changing

06/08/2014

Private document

06/08/2014

Minutes of general meeting of shareholders

06/08/2014

Appointment/resignation of company officers

06/08/2014

Amendment

06/08/2014

New auditor

10/01/2014

10/01/2014

31/12/2013

New accounts available

19/10/2013

19/10/2013

18/07/2013

Bodacc C : Deposit accounts notice

31/12/2012

New accounts available

31/08/2012

Bodacc C : Deposit accounts notice

07/08/2012

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

29/06/2012

New accounts available

31/12/2011

New digitalised balance sheet filled at creditsafe

13/07/2011

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

26/05/2011

Bodacc C : Deposit accounts notice

31/12/2010

New digitalised balance sheet filled at creditsafe

31/12/2010

New accounts available

16/05/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

31/12/2008

New accounts available

18/12/2008

Updated articles of association

18/12/2008

Updated articles of association

18/12/2008

Private document

18/12/2008

Minutes of general meeting of shareholders

09/12/2008

Bodacc C : Deposit accounts notice

31/12/2007

New accounts available

31/12/2006

New accounts available

01/03/2006

Private document

01/03/2006

Minutes of general meeting of shareholders

01/03/2006

Extension of term

01/03/2006

Updated articles of association

31/12/2005

New accounts available

31/12/2004

New accounts available

31/12/2003

New accounts available

16/08/2002

Appointment/resignation of company officers

16/08/2002

Private document

16/08/2002

Minutes of Board meeting

16/08/2002

Changes to the Board of Directors

16/08/2002

Amendment

26/10/2001

Capital reduction

26/10/2001

Private document

26/10/2001

Conversion of equity to euro

26/10/2001

Minutes of general meeting of shareholders

26/10/2001

Capital increase

26/10/2001

Updated articles of association

23/01/1996

Amendment

23/01/1996

Changes to the Board of Directors

23/01/1996

Minutes of Board meeting

23/01/1996

Minutes of general meeting of shareholders

23/01/1996

Appointment/resignation of company officers

01/12/1993

Continuation of business despite loss of equity

01/12/1993

Amendment

01/12/1993

Minutes of general meeting of shareholders

29/10/1992

Registered office transferred inside jurisdiction of the Commercial Court

29/10/1992

Declaration of conformity

29/10/1992

Updated articles of association

29/10/1992

Minutes of Board meeting

 

 

Synthesized Accounts

 

Annual Accounts

 

31/12/2013

31/12/2012

29/06/2012

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

26/09/2014

05/09/2014

22/01/2013

Activity Code

4674A

4674A

4674A

Employees

0

0

0

 

 

Active account

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

445,787

4.8 %

425,508

-7.0 %

457,462

57,460

675.8 %

Intangible assets

1,312

-12.4 %

1,498

-2.5 %

1,537

1,137

15.4 %

Tangible assets

378,178

4.2 %

362,770

-8.1 %

394,681

20,841

1714.6 %

Financial assets

66,296

8.3 %

61,240

0%

61,240

3,594

1744.6 %

Net current assets

2,604,588

-4.1 %

2,714,919

-10.4 %

3,031,274

545,603

377.4 %

Stocks

1,944,386

-5.1 %

2,049,951

-16.3 %

2,449,473

145,720

1234.3 %

Advanced payments

0

0%

6,928

4920.3 %

138

0

0%

Receivables

260,860

-25.0 %

347,930

2.8 %

338,337

220,552

18.3 %

Securities and cash

399,341

28.8 %

310,110

27.4 %

243,325

49,252

710.8 %

Prepaid expenses

-

-

-

-

-

79

-

Accounts of regularization

0

0%

0

0%

0

0

0%

Total Assets

3,050,376

-2.9 %

3,140,427

-10.0 %

3,488,736

631,975

382.7 %

 

 

Passive Account

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Shareholders' equity

1,666,584

8.7 %

1,533,741

9.5 %

1,400,849

215,616

672.9 %

Share capital

200,000

0%

200,000

0%

200,000

40,000

400.0 %

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

0

0%

0

0%

0

0

0%

Liabilities

1,383,791

-13.9 %

1,606,687

-23.0 %

2,087,887

333,167

315.3 %

Financial liabilities

426,362

-26.4 %

579,574

-50.6 %

1,172,827

43,179

887.4 %

Advanced payments received

0

0%

0

0%

0

0

0%

Trade account payables

647,513

-16.8 %

778,086

27.9 %

608,293

132,600

388.3 %

Tax and social liabilities

294,895

24.7 %

236,545

-19.7 %

294,510

82,273

258.4 %

Other debts and fixed assets liabilities

15,019

20.3 %

12,480

1.8 %

12,256

6,708

123.9 %

Account regularization

0

0%

0

0%

0

0

0%

Total liabilities

3,050,376

-2.9 %

3,140,428

-10.0 %

3,488,736

631,975

382.7 %

 

Results

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Sales of Goods

5,825,403

-4.5 %

6,098,682

-7.3 %

6,577,445

1,190,627

389.3 %

Net turnover

5,617,947

-5.8 %

5,962,541

-7.8 %

6,464,027

1,185,132

374.0 %

of which net export turnover

503,820

-15.6 %

596,913

112.4 %

281,059

0

0%

Operating charges

5,538,262

-5.1 %

5,838,185

-6.5 %

6,242,484

1,158,706

378.0 %

Operating profit/loss

287,140

10.2 %

260,497

-22.2 %

334,961

24,765

1059.5 %

Financial income

787

-87.9 %

6,483

-60.0 %

16,226

254

209.8 %

Financial charges

54,690

-24.1 %

72,008

-34.6 %

110,155

2,419

2160.9 %

Financial profit/loss

-53,903

17.7 %

-65,525

30.2 %

-93,929

-751

-7082.3 %

Pretax net operating income

233,237

19.6 %

194,969

-19.1 %

241,032

22,786

923.6 %

Extraordinary income

11,876

107.0 %

5,738

-15.9 %

6,821

506

2247.0 %

Extraordinary charges

2,372

1122.7 %

194

-83.0 %

1,144

434

446.5 %

Extraordinary profit/loss

9,504

71.4 %

5,544

-2.3 %

5,677

0

0%

Net result

138,111

-0.3 %

138,527

-18.0 %

168,844

20,641

569.1 %

 

 

Accounts – Active

 

Normal Account

 

31/12/2013

31/12/2012

29/06/2012

Months

12

12

12

 

 

Grand Total - Active Accounts (I to VI)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Grand Total (I to VI)

Net

3,050,376

-2.9 %

3,140,427

-10.0 %

3,488,736

Gross

CO

3,687,648

-3.3 %

3,813,760

-5.7 %

4,045,008

Amortisation

1A

637,272

-5.4 %

673,333

21.0 %

556,272

 

 

Non declared distributed capital (I)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

0

0%

0

-

-

 

 

Active fixed asset (II)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Total Active fixed asset (II)

Net

445,787

4.8 %

425,508

-7.0 %

457,462

Gross

BJ

807,387

-2.0 %

823,632

0.5 %

819,561

Amortisation

BK

361,600

-9.2 %

398,124

9.9 %

362,099

 

 

Intangible fixed assets

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

CQ

0

0%

0

0%

0

Distributorships, patents

Net

1,312

-12.4 %

1,498

-2.5 %

1,537

Gross

AF

5,934

-82.7 %

34,330

3.6 %

33,139

Amortisation

AG

4,622

-85.9 %

32,832

3.9 %

31,601

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

1,312

-12.4 %

1,498

-2.5 %

1,537

 

 

Tangilble fixed assets

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Lands

Net

0

0%

0

0%

0

Gross

AN

0

0%

0

0%

0

Amortisation

AO

0

0%

0

0%

0

Buildings

Net

64,806

-7.0 %

69,698

-6.6 %

74,589

Gross

AP

99,473

0%

99,473

0%

99,473

Amortisation

AQ

34,667

16.4 %

29,775

19.7 %

24,883

Plant

Net

0

0%

810

-61.3 %

2,093

Gross

AR

21,874

-0.6 %

22,000

1.7 %

21,637

Amortisation

AS

21,874

3.2 %

21,190

8.4 %

19,543

Other tangible fixed assets

Net

313,372

7.2 %

292,262

-8.1 %

317,999

Gross

AT

613,807

1.2 %

606,589

0.4 %

604,071

Amortisation

AU

300,435

-4.4 %

314,327

9.9 %

286,071

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

378,178

4.2 %

362,770

-8.1 %

394,681

 

 

Financial assets

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Associates at equity

Net

0

0%

0

0%

0

Gross

CS

0

0%

0

0%

0

Amortisation

CT

0

0%

0

0%

0

Other participations

Net

0

0%

0

0%

0

Gross

CU

0

0%

0

0%

0

Amortisation

CV

0

0%

0

0%

0

Inter-company receivables

Net

0

0%

0

0%

0

Gross

BB

0

0%

0

0%

0

Amortisation

BC

0

0%

0

0%

0

Other investment securities

Net

0

0%

0

0%

0

Gross

BD

0

0%

0

0%

0

Amortisation

BE

0

0%

0

0%

0

Loans

Net

0

0%

0

0%

0

Gross

BF

0

0%

0

0%

0

Amortisation

BG

0

0%

0

0%

0

Other financial assets

Net

66,296

8.3 %

61,240

0%

61,240

Gross

BH

66,296

8.3 %

61,240

0%

61,240

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

66,296

8.3 %

61,240

0%

61,240

 

 

Current Assets (III)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Total Current Assets

Net

2,604,588

-4.1 %

2,714,919

-10.4 %

3,031,274

Gross

CJ

2,880,260

-3.7 %

2,990,128

-7.3 %

3,225,447

Amortisation

CK

275,672

0.2 %

275,209

41.7 %

194,173

 

 

Stocks

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Raw materials

Net

0

0%

0

0%

0

Gross

BL

0

0%

0

0%

0

Amortisation

BM

0

0%

0

0%

0

Work in progress (goods)

Net

0

0%

0

0%

0

Gross

BN

0

0%

0

0%

0

Amortisation

BO

0

0%

0

0%

0

Work in progress (services)

Net

0

0%

0

0%

0

Gross

BP

0

0%

0

0%

0

Amortisation

BQ

0

0%

0

0%

0

Semi-finished and finished products

Net

0

0%

0

0%

0

Gross

BR

0

0%

0

0%

0

Amortisation

BS

0

0%

0

0%

0

Goods for resale

Net

1,944,386

-5.1 %

2,049,951

-16.3 %

2,449,473

Gross

BT

2,105,782

-4.2 %

2,197,251

-14.6 %

2,573,414

Amortisation

BU

161,396

9.6 %

147,300

18.8 %

123,940

Sub Total Stocks

Net

1,944,386

-5.1 %

2,049,951

-16.3 %

2,449,473

 

 

Advance payments to suppliers

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Advance payments to suppliers

Net

0

0%

6,928

4920.3 %

138

Gross

BV

0

0%

6,928

4920.3 %

138

Amortisation

BW

0

0%

0

0%

0

 

 

Debtors

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Trade accounts receivable

Net

237,536

-22.7 %

307,306

-0.3 %

308,310

Gross

BX

351,812

-19.2 %

435,215

15.0 %

378,543

Amortisation

BY

114,276

-10.7 %

127,909

82.1 %

70,233

Other debtors

Net

11,569

-62.8 %

31,090

161.9 %

11,869

Gross

BZ

11,569

-62.8 %

31,090

161.9 %

11,869

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

249,105

-26.4 %

338,396

5.7 %

320,179

 

 

Divers

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

399,341

28.8 %

310,110

27.4 %

243,325

Gross

CF

399,341

28.8 %

310,110

27.4 %

243,325

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

399,341

28.8 %

310,110

27.4 %

243,325

 

 

Prepaid expenses

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Prepaid expenses

Net

11,755

23.3 %

9,534

-47.5 %

18,158

Gross

CH

11,755

23.3 %

9,534

-47.5 %

18,158

Amortisation

CI

0

0%

0

0%

0

 

 

Equalization accounts (IV to VI)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Expenses of loan issue to be spread

CW3

0

0%

0

0%

0

Gross

0

0%

0

0%

0

Premiums on redemption of bonds

CM3

0

0%

0

0%

0

Gross

0

0%

0

0%

0

Currency differential gain

CN3

0

0%

0

0%

0

Gross

0

0%

0

0%

0

 

 

References

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Due within one year

CP

0

0%

0

0%

0

Due after one year

CR

0

0%

151,491

0%

0

 

 

Accounts – Passive

 

Grand Total - Passive Accounts (I to V)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Grand Total (I to V)

EE

3,050,376

-2.9 %

3,140,428

-10.0 %

3,488,736

 

 

Shareholder Equity (I)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Total shareholders' equity (Total I)

DL

1,666,584

8.7 %

1,533,741

9.5 %

1,400,849

Equity and shareholders' equity

DA

200,000

0%

200,000

0%

200,000

Issue and merger premiums

DB

0

0%

0

0%

0

Revaluation differentials

DC

0

0%

0

0%

0

Of which equity differential

EK

0

0%

0

0%

0

Legal reserve

DD

20,000

0%

20,000

0%

20,000

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

850,000

0%

850,000

0%

850,000

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

410,801

50.9 %

272,274

163.2 %

103,429

Profit or loss for the period

DI

138,111

-0.3 %

138,527

-18.0 %

168,844

Investment grants

DJ

47,451

-9.3 %

52,325

-8.5 %

57,199

Special tax-allowable reserves

DK

220

-64.2 %

614

-55.3 %

1,375

 

 

Other capital resources (II)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

29/06/2012

Total provisions for risks and charges (Total III)

DR

0

0%

0

0%

0

Risk provisions

DP

0

0%

0

0%

0

Reserves for charges

DQ

0

0%

0

0%

0

 

 

Liabilities (IV)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Total Liabilities (Total IV)

EC

1,383,791

-13.9 %

1,606,687

-23.0 %

2,087,887

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

289,769

-31.6 %

423,691

-57.1 %

987,393

Sundry loans and financial liabilities

DV

136,593

-12.4 %

155,883

-15.9 %

185,434

Of which participating loans

EI

0

0%

2,620

-90.3 %

26,971

Advance payments received for current orders

DW

0

0%

0

0%

0

Trade accounts payables

DX

647,513

-16.8 %

778,086

27.9 %

608,293

Tax and social security liabilities

DY

294,895

24.7 %

236,545

-19.7 %

294,510

Fixed asset liabilities

DZ

0

0%

0

0%

0

Other debts

EA

15,019

20.3 %

12,480

1.8 %

12,256

 

 

Translation loss (V)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Translation loss (Total V)

ED

0

0%

0

0%

0

 

 

Equalization accounts

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Deferred income

EB

0

0%

0

0%

0

 

 

References

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Of which tax-allowable reserve

EF

0

0%

0

0%

0

Deferred income and liabilities

EG

1,274,473

-9.6 %

1,409,145

-10.2 %

1,568,659

Of which current bank facilities

EH

52,801

-0.8 %

53,239

-88.2 %

453,032

 

 

Result account

 

1 - Operating result (I-II)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Operating result (Total I-II)

GG

287,140

10.2 %

260,497

-22.2 %

334,961

 

 

2 - Financial result (V-VI)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Financial result (Total V-VI)

GV

-53,903

17.7 %

-65,525

30.2 %

-93,929

 

 

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

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

GW

233,237

19.6 %

194,969

-19.1 %

241,032

 

 

4 - Extraordinary result (VII-VIII)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Extraordinary result (Total VII-VIII)

HI

9,504

71.4 %

5,544

-2.3 %

5,677

 

 

Profit or loss

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Profit or loss

HN

138,111

-0.3 %

138,527

-18.0 %

168,844

 

 

Total Income (I+III+V+VII)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

HL

5,838,067

-4.5 %

6,110,905

-7.4 %

6,600,493

 

 

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

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

HM

5,699,956

-4.6 %

5,972,378

-7.1 %

6,431,648

 

 

Operating income (I)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Total operating income (Total I)

FR

5,825,403

-4.5 %

6,098,682

-7.3 %

6,577,445

 

 

Operating income (details)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sale of goods for resale

FC

5,566,937

-5.8 %

5,912,084

-7.8 %

6,410,300

France

FA

5,064,748

-4.8 %

5,318,704

-13.2 %

6,130,205

Export

FB

502,188

-15.4 %

593,380

111.9 %

280,094

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

51,009

1.1 %

50,457

-6.1 %

53,727

France

FG

49,378

5.2 %

46,924

-11.1 %

52,762

Export

FH

1,631

-53.8 %

3,533

266.5 %

964

Net turnover

FL

5,617,947

-5.8 %

5,962,541

-7.8 %

6,464,027

France

FJ

5,114,127

-4.7 %

5,365,628

-13.2 %

6,182,968

Export

FK

503,820

-15.6 %

596,913

112.4 %

281,059

Stocked production

FM

0

0%

0

0%

0

Self-constructed assets

FN

0

0%

0

0%

0

Operating grants

FO

0

0%

0

0%

0

Release of reserves and provisions

FP

196,135

47.5 %

132,996

18.0 %

112,683

Other income

FQ

11,320

259.9 %

3,145

328.5 %

734

 

 

Operating charges (II)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Total operating charges (Total II)

GF

5,538,262

-5.1 %

5,838,185

-6.5 %

6,242,484

 

 

Exploitation charges

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Purchase of goods for resale

FS

3,307,942

-0.2 %

3,314,392

-24.9 %

4,414,526

Change in stocks of goods for resale

FT

91,469

-75.7 %

376,163

172.6 %

-518,361

Purchase of raw materials

FU

43,744

13.8 %

38,452

-0.7 %

38,735

Change in stocks of raw materials

FV

0

0%

0

0%

0

Other external purchases and charges

FW

823,109

-0.8 %

829,917

-20.1 %

1,038,182

Tax, duty and similar payments

FX

81,342

2.9 %

79,068

-2.3 %

80,944

Payroll

FY

661,085

2.1 %

647,284

-7.4 %

698,690

Social security costs

FZ

275,866

-8.8 %

302,591

1.7 %

297,637

 

 

Depreciation

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Depreciation of fixed assets

GA

45,722

2.8 %

44,472

9.0 %

40,798

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

178,253

-13.4 %

205,725

36.1 %

151,188

Provisions for risks and charges

GD

0

0%

0

0%

0

 

 

Other charges

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Other charges

GE

29,726

24466.9 %

121

-16.6 %

145

 

 

Operating charges (III-IV)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

29/06/2012

Total financial income (Total V)

GP

787

-87.9 %

6,483

-60.0 %

16,226

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%

190

-92.8 %

2,653

Released provisions and transferred charges

GM

0

0%

0

0%

0

Exchange gains

GN

787

-87.5 %

6,293

-53.6 %

13,573

Net income from disposal of investment securities

GO

0

0%

0

0%

0

 

 

Financial charge (VI)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Total financial charge (Total VI)

GU

54,690

-24.1 %

72,008

-34.6 %

110,155

Financial reserves and provisions

GQ

0

0%

0

0%

0

Interest and similar charges

GR

54,382

-19.8 %

67,806

-26.2 %

91,931

Exchange losses

GS

308

-92.7 %

4,201

-76.9 %

18,223

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

 

 

Extraordinary income (VII)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Total extraordinary income (Total VII)

HD

11,876

107.0 %

5,738

-15.9 %

6,821

Extraordinary operating income

HA

0

0%

0

0%

0

Extraordinary income from capital transactions

HB

11,374

133.4 %

4,874

-27.4 %

6,710

Released provisions and transferred charges

HC

502

-41.9 %

864

685.5 %

110

 

 

Extraordinary charges (VIII)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Total extraordinary charges (Total VIII)

HH

2,372

1122.7 %

194

-83.0 %

1,144

Extraordinary operating charges

HE

2,097

0%

0

0%

90

Extraordinary charges from capital transactions

HF

167

81.5 %

92

0%

0

Extraordinary reserves and provisions

HG

108

5.9 %

102

-90.3 %

1,054

 

 

Employee profit sharing (IX)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Employee profit sharing (Total IX)

HJ

0

0%

8

0%

0

 

 

Tax on profits (X)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Tax on profits (Total X)

HK

104,630

68.8 %

61,984

-20.4 %

77,868

 

 

References

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Of which equipment leases

HP

3,966

-61.7 %

10,352

0%

0

Of which property leases

HQ

0

0%

0

0%

0

Of which transferred charges

A1

18,344

120.9 %

8,306

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

29/06/2012

Gross value at begin of period

OG

0

0%

0

0%

0

Increasess due to revaluation

OH

0

0%

0

0%

0

Decreasess, acquisitions, creations, contributions

OJ

0

0%

0

0%

0

Decreasess by budget item transfer

OK1

0

0%

0

0%

0

Decreasess by transfers

OK2

82,416

0%

0

0%

0

Gross value at the end of period

OL

807,388

0%

0

0%

0

 

 

Research and development Charge (Total I)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

29/06/2012

Gross value at begin of period

KD

34,331

0%

0

0%

0

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

1,743

0%

0

0%

0

Decreasess by budget item transfer

LV1

0

0%

0

0%

0

Decreasess by transfers

LV2

30,139

0%

0

0%

0

Gross value at the end of period

LW

5,935

0%

0

0%

0

 

 

Tangible fixed assets (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Gross value at begin of period

LN

728,063

0%

0

0%

0

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

59,370

0%

0

0%

0

Decreasess by budget item transfer

NG1

0

0%

0

0%

0

Decreasess by transfers

NG2

52,277

0%

0

0%

0

Gross value at the end of period

NH

735,156

0%

0

0%

0

 

Financial assets (Total IV)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Gross value at begin of period

LQ

61,241

0%

0

0%

0

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

5,056

0%

0

0%

0

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

0

0%

0

0%

0

Gross value at the end of period

NK

66,297

0%

0

0%

0

 

 

Reserve for depreciation

 

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

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

29/06/2012

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

29/06/2012

Reserve for depreciation value at begin of period

PE

32,832

3.9 %

31,601

0%

0

Increases

PF

1,929

56.7 %

1,231

0%

0

Decreasess

PG

30,139

0%

0

0%

0

Decreasess by budget item transfer

PH

4,623

-85.9 %

32,832

0%

0

 

 

Total fixed assets amotisation (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Reserve for depreciation value at begin of period

QU

365,294

10.5 %

330,499

0%

0

Increases

QV

43,794

1.3 %

43,241

0%

0

Decreases

QW

52,110

517.0 %

8,446

0%

0

Decreasess by budget item transfer

QX

356,978

-2.3 %

365,294

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

29/06/2012

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

29/06/2012

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

29/06/2012

Value at begining of period

7C

614

0%

0

0%

0

Increases

UB

108

0%

0

0%

0

Decreases

UC

503

0%

0

0%

0

Value at the end of period

UD

220

0%

0

0%

0

 

 

Includes Total allocations

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Operating

UE

0

0%

0

0%

0

Financial

UG

0

0%

0

0%

0

Exceptional

UJ

0

0%

0

0%

0

 

 

Includes Total Withdrawal

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Operating

UF

0

0%

0

0%

0

Financial

UH

0

0%

0

0%

0

Exceptional

UK

0

0%

0

0%

0

 

 

Total regulated provisions (Total I)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Value at begining of period

3Z

0

0%

0

0%

0

Increases

TS

0

0%

0

0%

0

Decreases

TT

0

0%

0

0%

0

Value at the end of period

TU

0

0%

0

0%

0

 

 

Total risk and charge provisions (Total II)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Value at begining of period

5Z

0

0%

0

0%

0

Increases

TV

0

0%

0

0%

0

Decreases

TW

0

0%

0

0%

0

Value at the end of period

TX

0

0%

0

0%

0

 

 

Total Provision for depreciation (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Value at begining of period

7B

0

0%

0

0%

0

Increases

TY

0

0%

0

0%

0

Decreases

TZ

0

0%

0

0%

0

Value at the end of period

UA

0

0%

0

0%

0

 

 

State deadlines claims and debts at the end of period

 

State claims

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Gross value

VT

441,434

-17.8 %

537,082

0%

0

1 year at most

VU

375,137

15.7 %

324,350

0%

0

More than one year

VV

66,297

-68.8 %

212,732

0%

0

 

 

State of loans

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

66,297

8.3 %

61,241

0%

0

Other financial assets (1 year at most)

UV

0

0%

0

0%

0

 

 

Receivables statement of assets

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Customers doubtful or disputed

VA

0

0%

435,216

0%

0

Other claims customer

UX

11,570

-62.8 %

31,091

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

351,813

0%

0

0%

0

Social Security and other social organizations

UZ

0

0%

0

0%

0

Income taxes

VM

0

0%

0

0%

0

Value added tax

VB

0

0%

0

0%

0

Other taxes and payments assimilated

VN

0

0%

0

0%

0

State and other public - Miscellaneous

VP

0

0%

0

0%

0

Group and Associates

VC

0

0%

0

0%

0

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

VR

0

0%

0

0%

0

 

 

Prepaid

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Prepaid

VS

11,755

23.3 %

9,534

0%

0

 

 

State Debt

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Total debt (gross)

VY

1,383,792

-13.9 %

1,606,687

0%

0

1 year at most

VZ2

1,274,474

-9.6 %

1,409,146

0%

0

More than 1 year and 5 years at most

VZ3

109,318

-44.7 %

197,541

0%

0

More than 5 years

VZ4

0

0%

0

0%

0

 

 

Details

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

52,801

-0.8 %

53,239

0%

0

1 year at most

VG2

52,801

-0.8 %

53,239

0%

0

More than 1 year and 5 years at most

VG3

0

0%

0

0%

0

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

VH1

236,969

-36.0 %

370,452

0%

0

1 year at most

VH2

127,650

-26.2 %

172,910

0%

0

More than 1 year and 5 years at most

VH3

109,318

-44.7 %

197,542

0%

0

Loans and various financial liabilities (gross)

8A1

0

0%

2,631

0%

0

1 year at most

8A2

0

0%

2,631

0%

0

More than 1 year and 5 years at most

8A3

0

0%

0

0%

0

Suppliers and associated accounts (gross)

8B1

647,513

-16.8 %

778,087

0%

0

1 year at most

8B2

647,513

-16.8 %

778,087

0%

0

More than 1 year and 5 years at most

8B3

647,513

-16.8 %

778,087

0%

0

Personnel and associated accounts (gross)

8C1

0

0%

0

0%

0

1 year at most

8C2

0

0%

0

0%

0

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

294,896

24.7 %

236,546

0%

0

1 year at most

8D2

294,896

24.7 %

236,546

0%

0

More than 1 year and 5 years at most

8D3

0

0%

0

0%

0

Taxes on profits (gross)

8E1

0

0%

0

0%

0

1 year at most

8E2

0

0%

0

0%

0

More than 1 year and 5 years at most

8E3

0

0%

0

0%

0

VAT (Gross)

VW1

0

0%

0

0%

0

1 year at most

VW2

0

0%

0

0%

0

More than 1 year and 5 years at most

VW3

0

0%

0

0%

0

Backed Obligations (gross)

VX1

0

0%

0

0%

0

1 year at most

VX2

0

0%

0

0%

0

More than 1 year and 5 years at most

VX3

0

0%

0

0%

0

Other taxes and assimilated (gross)

VQ1

0

0%

0

0%

0

1 year at most

VQ2

0

0%

0

0%

0

More than 1 year and 5 years at most

VQ3

0

0%

0

0%

0

Assets and liabilities associated accounts (gross)

8J1

0

0%

0

0%

0

1 year at most

8J2

0

0%

0

0%

0

More than 1 year and 5 years at most

8J3

0

0%

0

0%

0

More than 5 years

8J4

0

0%

0

0%

0

Groups and associates (gross)

VI1

0

0%

0

0%

0

1 year at most

VI2

0

0%

0

0%

0

More than 1 year and 5 years at most

VI3

0

0%

0

0%

0

More than 5 years

V14

0

0%

0

0%

0

Other liabilities (gross)

8K1

151,613

-8.5 %

165,732

0%

0

1 year at most

8K2

151,613

-8.5 %

165,732

0%

0

More than 1 year and 5 years at most

8K3

0

0%

0

0%

0

Debt representative of borrowed securities (gross)

SZ1

0

0%

0

0%

0

1 year at most

SZ2

0

0%

0

0%

0

More than 1 year and 5 years at most

SZ3

0

0%

0

0%

0

Products in advance (gross)

8L1

0

0%

0

0%

0

1 year at most

8L2

0

0%

0

0%

0

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

 

References

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Loans made during the period

VJ

39,000

0%

0

0%

0

Debt repaid during the period

VK

172,204

0%

0

0%

0

 

 

Table allocation results and other information

 

Dividends distributed

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Dividends

ZE

0

0%

0

0%

0

 

 

Commitments

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

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

29/06/2012

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

29/06/2012

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

29/06/2012

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

29/06/2012

Average number of employees

YP

0

0%

0

0%

0

 

 

Groups and Shareholders

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Groups and Shareholders

ZR

0

-

-

-

0

 

 

Ratios

 

Structure and Liquidity

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Fixed Asset Financing

2.97

-0.3 %

2.98

-1.7 %

3.03

2.70

10.0 %

Global Debt

89 days

-8.2 %

97 days

-16.4 %

116 days

106 days

-16.0 %

Working Capital Fund overall net

102 days

3.0 %

99 days

6.5 %

93 days

79 days

29.1 %

Financial independence

390.88 %

47.7 %

264.63 %

121.6 %

119.44 %

228.16 %

71.3 %

Solvability

54.64 %

11.9 %

48.84 %

21.6 %

40.15 %

40.34 %

35.4 %

Capacity debt futures

923.57 %

36.2 %

678.20 %

-

-

1,339.56 %

-31.1 %

Coverage of current assets by net working capital overall

55.58 %

1.3 %

54.84 %

5.7 %

51.86 %

48.31 %

15.0 %

General Liquidity

0.29

26.1 %

0.23

-

-

0.74

-60.8 %

Restricted Liquidity

0.61

35.6 %

0.45

-

-

1.02

-40.2 %

 

 

Management or rotation

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Need background in operating working capital

79 days

-4.8 %

83 days

-19.4 %

103 days

52 days

51.9 %

Treasury

22 days

37.5 %

16 days

233.3 %

-12 days

11 days

100.0 %

Inventory turnover of goods

223 days

4.2 %

214 days

-10.1 %

238 days

96 days

132.3 %

Average length of credit granted to customers

23 days

-11.5 %

26 days

23.8 %

21 days

58 days

-60.3 %

Average length of credit obtained suppliers

55 days

-9.8 %

61 days

38.6 %

44 days

60 days

-8.3 %

Inventory turnover of raw materials in industrial enterprises

0 days

0%

0 days

0%

0 days

0 days

0%

Inventory turnover of intermediate and finished products in the industrial enterprise

-

-

-

-

-

825 days

-

Rotation tangible assets

764.18 %

-

-

-

-

1,147.00 %

-33.4 %

 

 

Profitability of the business

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Margin trading

38.58 %

3.5 %

37.26 %

-4.2 %

38.89 %

33.36 %

15.6 %

Profitability of the business

5.93 %

-5.6 %

6.28 %

-1.9 %

6.40 %

3.67 %

61.6 %

Net profit

2.46 %

6.0 %

2.32 %

-11.1 %

2.61 %

2.13 %

15.5 %

Growth rate of turnover (excluding VAT)

-5.78 %

25.5 %

-7.76 %

-153.2 %

14.60 %

-1.59 %

-263.5 %

Rates integration

24.06 %

2.2 %

23.54 %

2.0 %

23.07 %

23.09 %

4.2 %

Rate leasing furniture

0.07 %

-58.8 %

0.17 %

0%

0.00 %

0.00 %

0%

Work Factor

69.32 %

2.4 %

67.67 %

1.3 %

66.83 %

75.38 %

-8.0 %

Weight interests

0.97 %

-19.8 %

1.21 %

-28.8 %

1.70 %

0.22 %

340.9 %

 

 

Return on capital

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Cash flow from the overall profitability

3.07 %

2.7 %

2.99 %

-5.4 %

3.16 %

2.84 %

8.1 %

Rates of economic profitability

16.00 %

-11.1 %

18.00 %

12.5 %

16.00 %

12.00 %

33.3 %

Financial profitability

1,666,584.00 %

8.7 %

1,533,741.00 %

9.5 %

1,400,849.00 %

209,553.00 %

695.3 %

Return on investment

9.21 %

-7.5 %

9.96 %

-8.1 %

10.84 %

7.77 %

18.5 %

 

 

Management intermediate balances

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Turnover

5,617,947

-5.8 %

5,962,541

-7.8 %

6,464,027

1,185,132

374.0 %

 

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Sales of goods

5,566,937

-5.8 %

5,912,084

-7.8 %

6,410,300

-

- Purchase of goods

3,307,942

-0.2 %

3,314,392

-24.9 %

4,414,526

-

+/- Stock of goods variation

91,469

-75.7 %

376,163

172.6 %

-518,361

-

Trading margin

2,167,526 €

-2.4 %

2,221,529 €

-11.6 %

2,514,135 €

377,024 €

474.9 %

38.58 % CA

3.5 %

37.26 % CA

-4.2 %

38.89 % CA

33.59 % CA

14.9 %

 

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Sale of goods produced

51,009

1.1 %

50,457

-6.1 %

53,727

-

+/- Stocked production

0

0%

0

0%

0

-

+ Self-constructed assets

0

0%

0

0%

0

-

Period production

51,009 €

1.1 %

50,457 €

-6.1 %

53,727 €

18,288 €

178.9 %

0.91 % CA

7.1 %

0.85 % CA

2.4 %

0.83 % CA

1.39 % CA

-34.5 %

 

 

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Trading margin

2,167,526

-2.4 %

2,221,529

-11.6 %

2,514,135

377,024

474.9 %

+ Period Production

51,009

1.1 %

50,457

-6.1 %

53,727

18,288

178.9 %

- Purchase of raw materials

43,744

13.8 %

38,452

-0.7 %

38,735

-

+/- Change in stocks of raw materiels

0

0%

0

0%

0

-

- Other external purchases and charges

823,109

-0.8 %

829,917

-20.1 %

1,038,182

-

Added value

1,351,682 €

-3.7 %

1,403,617 €

-5.9 %

1,490,945 €

271,732 €

397.4 %

24.06 % CA

2.2 %

23.54 % CA

2.0 %

23.07 % CA

23.08 % CA

4.2 %

 

 

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Added value

1,351,682 €

-3.7 %

1,403,617 €

-5.9 %

1,490,945 €

271,732 €

397.4 %

+ Operating grants

0

0%

0

0%

0

-

- Tax, duty and similar payments

81,342

2.9 %

79,068

-2.3 %

80,944

-

- Personal charges

936,951

-1.4 %

949,875

-4.7 %

996,327

-

Gross operating surplus

333,389 €

-11.0 %

374,674 €

-9.4 %

413,674 €

31,714 €

951.3 %

5.93 % CA

-5.6 %

6.28 % CA

-1.9 %

6.40 % CA

3.66 % CA

62.0 %

 

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Gross operating surplus

333,389 €

-11.0 %

374,674 €

-9.4 %

413,674 €

31,714 €

951.3 %

+ Release of reserves and provisions

196,135

47.5 %

132,996

18.0 %

112,683

-

+ Other operating income

11,320

259.9 %

3,145

328.5 %

734

-

- Depreciation/ Amortisation

223,975

-10.5 %

250,197

30.3 %

191,986

-

- Other charges

29,726

24466.9 %

121

-16.6 %

145

-

Operating result

287,143 €

10.2 %

260,497 €

-22.2 %

334,960 €

24,765 €

1059.5 %

5.11 % CA

16.9 %

4.37 % CA

-15.6 %

5.18 % CA

2.65 % CA

92.8 %

 

 

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Operating result

287,143 €

10.2 %

260,497 €

-22.2 %

334,960 €

24,765 €

1059.5 %

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

0

0%

0

0%

0

-

+ Financial income

787

-87.9 %

6,483

-60.0 %

16,226

-

- Financial charges

54,690

-24.1 %

72,008

-34.6 %

110,155

-

Pre-tax result

233,240 €

19.6 %

194,972 €

-19.1 %

241,031 €

22,786 €

923.6 %

4.15 % CA

26.9 %

3.27 % CA

-12.3 %

3.73 % CA

2.48 % CA

67.3 %

 

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Extraordinary income

11,876

107.0 %

5,738

-15.9 %

6,821

506

2247.0 %

- Extraordinary charges

2,372

1122.7 %

194

-83.0 %

1,144

-

Extraordinary result

9,504 €

71.4 %

5,544 €

-2.3 %

5,677 €

0 €

0%

0.17 % CA

88.9 %

0.09 % CA

0%

0.09 % CA

0.00 % CA

0%

 

 

 

31/12/2013

Variation

31/12/2012

Variation

29/06/2012

Sector Median 2013

Pre-tax result

233,240 €

19.6 %

194,972 €

-19.1 %

241,031 €

22,786 €

923.6 %

Extraordinary result

9,504 €

71.4 %

5,544 €

-2.3 %

5,677 €

0 €

0%

- Employee profit sharing

0

0%

8

0%

0

-

- Tax on profits

104,630

68.8 %

61,984

-20.4 %

77,868

-

Net result

138,114 €

-0.3 %

138,524 €

-18.0 %

168,840 €

20,707 €

567.0 %

2.46 % CA

6.0 %

2.32 % CA

-11.1 %

2.61 % CA

2.13 % CA

15.5 %

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.48

UK Pound

1

Rs.101.06

Euro

1

Rs.72.22

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ANK

 


 

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

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

 

Unlimited

 

71-85

Aa

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

 

Large

 

56-70

A

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

 

Fairly Large

 

41-55

Ba

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

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

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

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

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

 

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

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

 

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

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