MIRA INFORM REPORT

 

 

Report No. :

349097

Report Date :

16.11.2015

 

IDENTIFICATION DETAILS

 

Name :

LE METAL CENTRE

 

 

Registered Office :

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

 

 

Country :

France

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

December 2008

 

 

Com. Reg. No.:

509 331 955

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Wholesale (business to business) metals and metal ores

 

 

No. of Employee :

44 (31.12.2014)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate 

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

NOTES :

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

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

FRANCE - ECONOMIC OVERVIEW

 

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

 

Source : CIA

 

Company name

 

LE METAL CENTRE

 

 

Enquiries Trend

 

SIRET

509 331 955 00021

Name

LE METAL CENTRE

Acronym

LMC

Trade name

-

Status

Economically active

Postal Address

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

Share Capital

11,037,000 Euros

Telephone

04 74 95 93 50

Activity (APE)

Wholesale (business to business) metals and metal ores (4672Z)

RCS Registration

RCS Vienne B 509 331 955

Formation Date

11/2008

EUR VAT Number

FR79509331955

Deregistration Date

-

Last account Date

31/12/2014

Court Registry Number

20 1 1B00765

Incorporiation Date

12/2008

Registration Court

Vienne (38)

Fax

-

Nationality

France

 

Legal form

Simplified joint stock company

Currency

Euros

 

 

Key Financials

 

YEAR TO DATE

TURNOVER

GROSS OPERATING SURPLUS

SHAREHOLDER'S EQUITY

NET RESULT

EMPLOYEES

31/12/2014

104,789,291 €

-0.16% Turnover

12,326,562 €

-129,517 €

44 employees

31/12/2013

107,592,240 €

0.12% Turnover

12,278,716 €

-3,588 €

44 employees

31/12/2012

111,616,038 €

-0.41% Turnover

12,229,318 €

-197,040 €

46 employees

 

 

Directors

 

Current Directors

1

 

 

Ultimate Holding Company

 

Name

Safe Number

Country

Company Number

AMARI METALS LIMITED

UK06087847

06444672

Affiliation links.

32 companies in the international Group Structure from 2 countries.

 

 

Judgment and Preferential

 

Judgment

No judgement

Preferential Right

This company is not under monitoring

 

 

Establishment Details

 

Type of Establishment

Head Office

Production Role

-

APE/NAF Code

4672Z

Activity

Wholesale (business to business) metals and metal ores

Formation Date

06/2011

Reason for Formation

Contribution

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

Other

Activity Location

Other

Trading Address

16 RUE DES COMBES 
38290 SATOLAS ET BONCE

Department

-

Location Surface

-

District

-

City

SATOLAS ET BONCE

Status

Economically active

Business Pages FT®

-

Region

Rhône-Alpes

Area

-

Size of Urban Area

-

 

Other Establishment(s)

 

Regionality

Legal unit with all establishments in same area

Mono-activity status

Legal unit having all establishments with the same main activity

Branches

1 branch entities in this company

 

Company Name

Company Type

APE/NAF Code

Activity

City

Post Code

LE METAL CENTRE

Head Office

4672Z

Wholesale (business to business) metals and metal ores

SATOLAS ET BONCE

38290

LE METAL CENTRE

Branch

4672Z

Wholesale (business to business) metals and metal ores

OZOIR LA FERRIERE

77330

 

 

Workforces

 

Workforce at address

0 employee

Company workforce

0 employee

 

 

Commentary

 

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

 

The decrease of tangible fixed assets over the last two accounting periods is 39 %

The return on total assets employed is 0

The stock to turnover ratio is 14.77

The creditor days are 90.19

The pre-tax profit is -129,517 €

The ratio total assets to total liabilities is 1.38

The sales to current assets ratio is 2.37

The risk provisions are 148,808 €

The company has 1 director(s)

Department code with low risk rating

Industry code with low risk rating

Low risk workforce size

The total assets are 44,454,607 €

The net turnover is 104,789,291 €

The net current assets are 44,231,187 €

The liabilities are 31,979,236 €

The decrease in the gearing percentage over the last two accounting periods is 85 %

The shareholder's equity is 12,326,562 €

Industry comparison

 

Activity (APE)

Wholesale (business to business) metals and metal ores(4672Z)

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

Status of collection

This company is not under monitoring

 

 

Group Data

 

Ultimate parent company

AMARI METALS LIMITED

Direct parent

ALMET - 99.66 %

Group – Number of companies

14

Linkages – Number of companies

32

Number of countries

2

 

 

NAME

SIREN

PARTS

LAST ACCOUNT PUBLISHED

1

AMARI METALS CHINA LIMITED

06444672

-

31/12/2014

2

AMARI METAL INC

-

Majority

-

3

AMARI METAL FRANCE

404495566

100 %

31/12/2013

4

SERVICE CENTRES AERO FRANCE

300209715

100 %

31/12/2013

CMIC SAS

479811119

100 %

31/12/2014

EURALLIAGE

401752803

100 %

31/12/2013

4

ALMET

968504936

100 %

31/12/2014

5

LE METAL CENTRE

509331955

99.66 %

31/12/2014

BALAAM

484376066

100 %

31/12/2013

JACQUET METAL SERVICE

311361489

3.76 %

31/12/2008

SA PRODUITS INDUSTRIELS ET METALLURGIQ

706520806

100 %

31/12/2013

CHARRON INOX

350857140

100 %

31/12/2013

VIGNON CHOQUIT SA

775646912

100 %

31/12/2013

ALU ONE

424663862

100 %

31/12/2014

AMARI TUBES & SERVICES

535265649

100 %

31/12/2012

 

 

Linkages

 

COMPANY NAME

SIREN

LAST ACCOUNT PUBLISHED

TURNOVER

AALCO METALS LIMITED

03551533

31/12/2014

352,147,834 £

AMARI METALS LIMITED

02023155

31/12/2014

525,889,546 £

COBHAM ALUMINIUM & STAINLESS HOLDINGS LIMITED

07543335

31/12/2014

76,568,626 £

RIGHTON LIMITED

00143411

31/12/2014

71,461,725 £

CASHMORES METALS LIMITED

01141972

31/12/2014

23,229,987 £

AMARI AEROSPACE LIMITED

06333281

31/12/2014

8,355,384 £

S.S.E. PIPEFITTINGS LIMITED

04054579

31/12/2014

-

BLACKBURNS METALS LIMITED

04632083

31/12/2014

71,132,579 £

EQUINOX INTERNATIONAL LIMITED

02565339

31/12/2014

27,113,471 £

DURBIN METAL INDUSTRIES LIMITED

01631973

31/12/2014

-

NEONICKEL LIMITED

08338355

31/12/2014

9,897,760 £

H. ROLLET & BLACKHEATH LIMITED

07325894

31/12/2014

-

PERKINS DISTRIBUTION LIMITED

03797982

31/12/2014

-

AMARI COPPER ALLOYS LIMITED

07467003

31/12/2014

4,787,837 £

METALFIN LIMITED

08026751

31/12/2014

7,797,018 £

NEONICKEL (BLACKBURN) LIMITED

02823637

31/12/2014

32,023,077 £

COLE AND SWALLOW MATERIALS LIMITED

01871458

31/12/2014

-

WILSONS LIMITED

02048485

31/12/2014

14,345,011 £

GOULD ALLOYS LTD

01854699

31/12/2014

16,358,004 £

SMITHS METAL CENTRES LIMITED

03485838

31/12/2014

62,255,590 £

LASER PROFILES LIMITED

04053134

31/12/2014

-

TESTCO LIMITED

01115185

31/12/2014

-

RIGHTON PENSION TRUST LIMITED

01940914

31/03/2015

-

RIGHTON FASTENERS LIMITED

03460135

31/12/2014

-

AMARI METALS PENSION TRUSTEES LIMITED

03597813

31/12/2014

-

SUPAFLO ENGINEERING LIMITED

04069796

31/12/2014

-

AMARI METALS DC PENSION TRUSTEES LIMITED

04817311

31/12/2014

-

JM DURBIN LIMITED

05755180

31/12/2014

-

AERO METALS ALLIANCE UK LIMITED

09306909

-

-

ENFIELD TUBES LIMITED

09312969

-

-

HENLEY MANAGEMENT CO

-

-

2,746,000 $

NEONICKEL HOLDINGS LTD

-

-

-

 

 

Shareholder(s)

 

Name

AMARI METAL FRANCE SAS

Name of representative

Manager position

President

Date of birth

-

Place of birth

Type

Moral person

Name at birth

 

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

President

M. JACKSON BARRY

-

President

M. JACKSON BARRY

12/01/1956 - MANCHESTER ROYAUME UNI

President

M. JACKSON BARRY

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

President

AMARI METAL FRANCE SAS

-

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

14/01/2015

Bodacc B

Modification et mutation diverse

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

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

26/12/2014

JAL

Resignation / Revocation of the social representative

Tribune de Vienne et de l Isère (La)


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

10/11/2014

Bodacc C

Comptes annuels et rapports

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

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

27/09/2013

Bodacc C

Comptes annuels et rapports

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

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

19/11/2012

Bodacc C

Comptes annuels et rapports

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

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

24/10/2011

Bodacc C

Comptes annuels et rapports

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

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

22/07/2011

Bodacc A

Vente et cession : Acheteur

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE VIENNE

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

15/07/2011

Bodacc B

Modification et mutation diverse

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

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

29/05/2011

Bodacc B

Modification et mutation diverse

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

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

17/05/2011

JAL

Appointment of the social representative

Pays Briard (Le)


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

17/05/2011

JAL

Resignation / Revocation of the social representative

Pays Briard (Le)


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

23/11/2010

Bodacc C

Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

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

25/11/2009

Bodacc C

Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

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

02/01/2009

Bodacc A

Création d'établissement

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

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

Company events history

 

Date

Description

24/10/2015

Update Limit

24/10/2015

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

14/01/2015

Bodacc B: Various editing or changing

31/12/2014

New accounts available

30/12/2014

Minutes of general meeting of shareholders

26/12/2014

Legal Gazette: Resignation / Revocation of the social representative

10/11/2014

Bodacc C : Deposit accounts notice

08/11/2014

Update Limit

08/11/2014

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

31/12/2013

New accounts available

18/10/2013

Update Rating

18/10/2013

Update Limit

04/10/2013

New ultimate parent

27/09/2013

Bodacc C : Deposit accounts notice

10/09/2013

Update Limit

10/09/2013

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

03/08/2013

Update Rating

03/08/2013

Update Limit

31/12/2012

New accounts available

19/11/2012

Bodacc C : Deposit accounts notice

10/11/2012

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

31/12/2011

New accounts available

24/10/2011

Bodacc C : Deposit accounts notice

20/10/2011

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

22/07/2011

Bodacc A : Sale and transfer

15/07/2011

Bodacc B: Various editing or changing

08/07/2011

Updated articles of association

08/07/2011

Amendment

05/07/2011

Amendment

05/07/2011

Updated articles of association

05/07/2011

Declaration of conformity

05/07/2011

Change to corporate purpose

05/07/2011

Capital increase

03/06/2011

New ultimate parent

03/06/2011

New parent detected

03/06/2011

Update of Company Activity

03/06/2011

Transfer of Establishment

03/06/2011

Other modification of Establishment

03/06/2011

Modification of Company Activity

03/06/2011

Update of Company Head Office Identifier

29/05/2011

Bodacc B: Various editing or changing

18/05/2011

Amendment

18/05/2011

New chairman (CEO, CoB)

18/05/2011

New company name

18/05/2011

Updated articles of association

17/05/2011

Legal Gazette: Resignation / Revocation of the social representative

03/05/2011

Planned merger

29/04/2011

Application and court order

29/04/2011

Amendment

21/04/2011

Legal Gazette: Appointment of the social representative

31/12/2010

New accounts available

23/11/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

25/11/2009

Bodacc C : Deposit accounts notice

02/01/2009

Bodacc A : Establishment creation

02/01/2009

New Bodacc A ads detected

31/12/2008

New accounts available

17/12/2008

Articles of association

17/12/2008

Articles of association

17/12/2008

Amendment

17/12/2008

Company formation

17/12/2008

Company formation

17/12/2008

Fund deposit certificate

17/12/2008

Private document

 

 

Synthesized Accounts

 

Annual Accounts

 

31/12/2014

31/12/2013

31/12/2012

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

23/10/2015

07/11/2014

09/09/2013

Activity Code

4672Z

4672Z

4672Z

Employees

44

44

46

 

Active account

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

223,419

-38.9 %

365,687

-25.4 %

490,186

91,820

143.3 %

 Intangible assets

0

0%

0

0%

0

0

0%

 Tangible assets

223,419

-38.9 %

365,687

-25.2 %

488,626

36,492

512.2 %

 Financial assets

0

0%

0

0%

1,560

5,538

0%

Net current assets

44,231,187

15.7 %

38,230,481

-5.6 %

40,512,086

1,108,082

3891.7 %

 Stocks

15,477,069

26.9 %

12,194,343

-15.2 %

14,387,971

200,960

7601.6 %

 Advanced payments

0

0%

0

0%

0

0

0%

 Receivables

27,961,478

8.5 %

25,770,047

-0.1 %

25,786,808

484,991

5665.4 %

 Securities and cash

792,641

197.9 %

266,091

-21.1 %

337,307

123,444

542.1 %

 Prepaid expenses

-

-

-

-

-

0

-

Accounts of regularization

0

0%

0

0%

0

0

0%

Total Assets

44,454,607

15.2 %

38,596,168

-5.9 %

41,002,272

1,303,993

3309.1 %

 

Passive Account

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Shareholders' equity

12,326,562

0.4 %

12,278,716

0.4 %

12,229,318

545,890

2158.1 %

Share capital

11,037,000

0%

11,037,000

0%

11,037,000

100,000

10937.0 %

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

148,808

5.1 %

141,626

63.4 %

86,674

0

0%

Liabilities

31,979,236

22.2 %

26,175,827

-8.8 %

28,686,280

584,852

5367.9 %

 Financial liabilities

0

0%

819,695

-53.2 %

1,750,516

55,186

0%

 Advanced payments received

0

0%

0

0%

0

0

0%

 Trade account payables

25,893,858

11.9 %

23,141,918

-4.4 %

24,194,625

292,418

8755.1 %

 Tax and social liabilities

1,514,060

14.7 %

1,319,880

0.4 %

1,314,999

119,065

1171.6 %

 Other debts and fixed assets liabilities

4,571,317

411.1 %

894,333

-37.3 %

1,426,140

4,130

110585.6 %

Account regularization

0

0%

0

0%

0

0

0%

Total liabilities

44,454,607

15.2 %

38,596,168

-5.9 %

41,002,272

1,303,993

3309.1 %

 

Results

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Sales of Goods

105,248,396

-2.7 %

108,185,561

-4.0 %

112,650,977

2,463,392

4172.5 %

Net turnover

104,789,291

-2.6 %

107,592,240

-3.6 %

111,616,038

2,445,500

4185.0 %

 of which net export turnover

0

0%

0

0%

0

0

0%

Operating charges

105,204,100

-2.7 %

108,107,928

-4.0 %

112,594,336

2,365,959

4346.6 %

Operating profit/loss

44,296

-42.9 %

77,633

37.1 %

56,641

37,711

17.5 %

Financial income

77,969

86.8 %

41,732

-74.8 %

165,376

917

8402.6 %

Financial charges

34,713

-42.6 %

60,451

-64.3 %

169,389

4,537

665.1 %

Financial profit/loss

43,256

331.1 %

-18,719

-366.5 %

-4,013

-295

14763.1 %

Pretax net operating income

87,552

48.6 %

58,914

11.9 %

52,628

37,227

135.2 %

Extraordinary income

47,897

600.0 %

6,842

-89.4 %

64,378

1,156

4043.3 %

Extraordinary charges

224,838

261.3 %

62,227

-78.7 %

292,614

566

39624.0 %

Extraordinary profit/loss

-176,941

-219.5 %

-55,385

75.7 %

-228,236

0

0%

Net result

-129,517

-3509.7 %

-3,588

98.2 %

-197,040

37,647

-444.0 %

 

 

Accounts – Active

 

Normal Account

 

31/12/2014

31/12/2013

31/12/2012

Months

12

12

12

 

Grand Total - Active Accounts (I to VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Grand Total (I to VI)

Net

44,454,607

15.2 %

38,596,168

-5.9 %

41,002,272

Gross

CO

47,870,258

13.9 %

42,018,933

-5.1 %

44,259,336

Amortisation

1A

3,415,651

-0.2 %

3,422,765

5.1 %

3,257,064

 

Non declared distributed capital (I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

0

0%

0

0%

0

 

Active fixed asset (II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total Active fixed asset (II)

Net

223,419

-38.9 %

365,687

-25.4 %

490,186

Gross

BJ

3,537,358

-1.5 %

3,590,337

1.7 %

3,531,317

Amortisation

BK

3,313,939

2.8 %

3,224,650

6.0 %

3,041,131

 

Intangible fixed assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

0

0%

0

0%

0

Gross

AF

0

0%

0

0%

0

Amortisation

AG

0

0%

0

0%

0

Goodwill

Net

0

0%

0

0%

0

Gross

AH

0

0%

0

0%

0

Amortisation

AI

0

0%

0

0%

0

Other intangible fixed assets

Net

0

0%

0

0%

0

Gross

AJ

82,177

0.0 %

82,178

0%

0

Amortisation

AK

82,177

0.0 %

82,178

0%

0

Pre-payments and downpayments

Net

0

0%

0

0%

0

Gross

AL

0

0%

0

0%

0

Amortisation

AM

0

0%

0

0%

0

Sub Total Intangible asset

Net

0

0%

0

0%

0

 

Tangilble fixed assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Lands

Net

0

0%

0

0%

0

Gross

AN

0

0%

0

0%

0

Amortisation

AO

0

0%

0

0%

0

Buildings

Net

6,197

-65.8 %

18,097

-10.6 %

20,249

Gross

AP

218,840

0%

218,840

6.2 %

206,122

Amortisation

AQ

212,643

5.9 %

200,743

8.0 %

185,873

Plant

Net

18,567

-29.5 %

26,326

-25.3 %

35,252

Gross

AR

415,532

-11.9 %

471,649

-9.8 %

522,649

Amortisation

AS

396,965

-10.9 %

445,323

-8.6 %

487,397

Other tangible fixed assets

Net

198,655

-38.2 %

321,264

-25.8 %

433,125

Gross

AT

2,820,809

0.1 %

2,817,670

0.6 %

2,800,986

Amortisation

AU

2,622,154

5.0 %

2,496,406

5.4 %

2,367,861

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

223,419

-38.9 %

365,687

-25.2 %

488,626

 

Financial assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

0

0%

0

0%

1,560

Gross

BH

0

0%

0

0%

1,560

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

0

0%

0

0%

1,560

 

Current Assets (III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total Current Assets

Net

44,231,187

15.7 %

38,230,481

-5.6 %

40,512,086

Gross

CJ

44,332,898

15.4 %

38,428,596

-5.6 %

40,728,019

Amortisation

CK

101,710

-48.7 %

198,115

-8.3 %

215,933

 

Stocks

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

15,477,069

26.9 %

12,194,343

-15.2 %

14,387,971

Gross

BT

15,578,779

25.7 %

12,392,458

-15.1 %

14,603,904

Amortisation

BU

101,710

-48.7 %

198,115

-8.3 %

215,933

Sub Total Stocks

Net

15,477,069

26.9 %

12,194,343

-15.2 %

14,387,971

 

Advance payments to suppliers

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Advance payments to suppliers

Net

0

0%

0

0%

0

Gross

BV

0

0%

0

0%

0

Amortisation

BW

0

0%

0

0%

0

 

Debtors

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Trade accounts receivable

Net

24,008,115

-6.1 %

25,576,241

0.7 %

25,396,542

Gross

BX

24,008,115

-6.1 %

25,576,241

0.7 %

25,396,542

Amortisation

BY

0

0%

0

0%

0

Other debtors

Net

3,951,351

1960.2 %

191,797

-49.9 %

383,039

Gross

BZ

3,951,351

1960.2 %

191,797

-49.9 %

383,039

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

27,959,466

8.5 %

25,768,038

0.0 %

25,779,581

 

Divers

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Investment securities

Net

23,312

0.0 %

23,313

0.0 %

23,312

Gross

CD

23,312

0.0 %

23,313

0.0 %

23,312

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

769,329

216.9 %

242,778

-22.7 %

313,995

Gross

CF

769,329

216.9 %

242,778

-22.7 %

313,995

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

792,641

197.9 %

266,091

-21.1 %

337,307

 

Prepaid expenses

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Prepaid expenses

Net

2,012

0.1 %

2,009

-72.2 %

7,227

Gross

CH

2,012

0.1 %

2,009

-72.2 %

7,227

Amortisation

CI

0

0%

0

0%

0

 

Equalization accounts (IV to VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Due within one year

CP

0

0%

0

0%

0

Due after one year

CR

0

0%

0

0%

0

 

 

Accounts – Passive

 

Grand Total - Passive Accounts (I to V)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Grand Total (I to V)

EE

44,454,607

15.2 %

38,596,168

-5.9 %

41,002,272

 

Shareholder Equity (I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total shareholders' equity (Total I)

DL

12,326,562

0.4 %

12,278,716

0.4 %

12,229,318

Equity and shareholders' equity

DA

11,037,000

0%

11,037,000

0%

11,037,000

Issue and merger premiums

DB

424,138

0%

424,138

0%

424,138

Revaluation differentials

DC

0

0%

0

0%

0

Of which equity differential

EK

0

0%

0

0%

0

Legal reserve

DD

0

0%

0

0%

0

Statutory or contractual reserve

DE

0

0%

0

0%

0

Special regulated reserves

DF

0

0%

0

0%

0

Of which special reserve of provisions for current fluctuation

B1

0

0%

0

0%

0

Other reserves

DG

0

0%

0

0%

0

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

-224,576

-1.6 %

-220,988

-822.8 %

-23,948

Profit or loss for the period

DI

-129,517

-3509.7 %

-3,588

98.2 %

-197,040

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

1,219,517

17.0 %

1,042,154

5.4 %

989,168

 

Other capital resources (II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total provisions for risks and charges (Total III)

DR

148,808

5.1 %

141,626

63.4 %

86,674

Risk provisions

DP

40,000

2.6 %

39,000

0%

0

Reserves for charges

DQ

108,808

6.0 %

102,626

18.4 %

86,674

 

Liabilities (IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total Liabilities (Total IV)

EC

31,979,236

22.2 %

26,175,827

-8.8 %

28,686,280

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

0

0%

819,695

0%

0

Sundry loans and financial liabilities

DV

0

0%

0

0%

1,750,516

Of which participating loans

EI

0

0%

0

0%

0

Advance payments received for current orders

DW

0

0%

0

0%

0

Trade accounts payables

DX

25,893,858

11.9 %

23,141,918

-4.4 %

24,194,625

Tax and social security liabilities

DY

1,514,060

14.7 %

1,319,880

0.4 %

1,314,999

Fixed asset liabilities

DZ

2,580

0%

0

0%

0

Other debts

EA

4,568,737

410.9 %

894,333

-37.3 %

1,426,140

 

Translation loss (V)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Translation loss (Total V)

ED

0

0%

0

0%

0

 

Equalization accounts

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Deferred income

EB

0

0%

0

0%

0

 

References

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Operating result (Total I-II)

GG

44,296

-42.9 %

77,633

37.1 %

56,641

 

2 - Financial result (V-VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Financial result (Total V-VI)

GV

43,256

331.1 %

-18,719

-366.5 %

-4,013

 

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

GW

87,552

48.6 %

58,914

11.9 %

52,628

 

4 - Extraordinary result (VII-VIII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Extraordinary result (Total VII-VIII)

HI

-176,941

-219.5 %

-55,385

75.7 %

-228,236

 

Profit or loss

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Profit or loss

HN

-129,517

-3509.7 %

-3,588

98.2 %

-197,040

 

Total Income (I+III+V+VII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

HL

105,374,262

-2.6 %

108,234,135

-4.1 %

112,880,731

 

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

HM

105,503,780

-2.5 %

108,237,725

-4.3 %

113,077,770

 

Operating income (I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total operating income (Total I)

FR

105,248,396

-2.7 %

108,185,561

-4.0 %

112,650,977

 

Operating income (details)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sale of goods for resale

FC

0

0%

0

0%

0

France

FA

0

0%

0

0%

0

Export

FB

0

0%

0

0%

0

Sale of goods produced

FF

0

0%

0

0%

0

France

FD

0

0%

0

0%

0

Export

FE

0

0%

0

0%

0

Sale of services

FI

104,789,291

-2.6 %

107,592,240

-3.6 %

111,616,038

France

FG

104,789,291

-2.6 %

107,592,240

-3.6 %

111,616,038

Export

FH

0

0%

0

0%

0

Net turnover

FL

104,789,291

-2.6 %

107,592,240

-3.6 %

111,616,038

France

FJ

104,789,291

-2.6 %

107,592,240

-3.6 %

111,616,038

Export

FK

0

0%

0

0%

0

Stocked production

FM

0

0%

0

0%

0

Self-constructed assets

FN

0

0%

0

0%

0

Operating grants

FO

0

0%

0

0%

0

Release of reserves and provisions

FP

193,341

342.9 %

43,652

1832.4 %

2,259

Other income

FQ

265,763

-51.7 %

549,669

-46.8 %

1,032,680

 

Operating charges (II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total operating charges (Total II)

GF

105,204,100

-2.7 %

108,107,928

-4.0 %

112,594,336

 

Exploitation charges

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Purchase of goods for resale

FS

102,349,722

2.8 %

99,597,166

-6.6 %

106,640,969

Change in stocks of goods for resale

FT

-3,186,318

-244.1 %

2,211,446

397.7 %

-742,839

Purchase of raw materials

FU

279,931

-6.3 %

298,789

25.4 %

238,287

Change in stocks of raw materials

FV

0

0%

0

0%

44,421

Other external purchases and charges

FW

3,045,535

-2.6 %

3,126,738

-14.2 %

3,645,468

Tax, duty and similar payments

FX

467,068

18.8 %

393,075

-8.9 %

431,682

Payroll

FY

1,422,901

9.5 %

1,299,674

2.9 %

1,263,519

Social security costs

FZ

578,787

8.1 %

535,525

-3.4 %

554,232

 

Depreciation

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Depreciation of fixed assets

GA

147,983

-11.4 %

166,939

-26.6 %

227,467

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

0

0%

17,182

-81.2 %

91,593

Provisions for risks and charges

GD

46,182

-16.0 %

54,952

468.1 %

9,673

 

Other charges

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Other charges

GE

52,305

-87.1 %

406,443

114.1 %

189,864

 

Operating charges (III-IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total financial income (Total V)

GP

77,969

86.8 %

41,732

-74.8 %

165,376

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

56,704

101.6 %

28,127

28.0 %

21,966

Released provisions and transferred charges

GM

0

0%

0

0%

0

Exchange gains

GN

21,264

56.3 %

13,605

-90.5 %

143,410

Net income from disposal of investment securities

GO

0

0%

0

0%

0

 

Financial charge (VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total financial charge (Total VI)

GU

34,713

-42.6 %

60,451

-64.3 %

169,389

Financial reserves and provisions

GQ

0

0%

0

0%

0

Interest and similar charges

GR

34,507

16.9 %

29,511

-74.7 %

116,434

Exchange losses

GS

206

-99.3 %

30,940

-41.6 %

52,955

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

 

Extraordinary income (VII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total extraordinary income (Total VII)

HD

47,897

600.0 %

6,842

-89.4 %

64,378

Extraordinary operating income

HA

0

0%

0

0%

0

Extraordinary income from capital transactions

HB

423

-57.8 %

1,002

0%

0

Released provisions and transferred charges

HC

47,474

712.9 %

5,840

-90.9 %

64,378

 

Extraordinary charges (VIII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total extraordinary charges (Total VIII)

HH

224,838

261.3 %

62,227

-78.7 %

292,614

Extraordinary operating charges

HE

0

0%

0

0%

0

Extraordinary charges from capital transactions

HF

0

0%

3,402

0%

0

Extraordinary reserves and provisions

HG

224,838

282.2 %

58,825

-79.9 %

292,614

 

Employee profit sharing (IX)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Employee profit sharing (Total IX)

HJ

40,129

463.7 %

7,119

-66.8 %

21,431

 

Tax on profits (X)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Tax on profits (Total X)

HK

0

0%

0

0%

0

 

References

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

0

0%

69,000

0%

0

Gross value at the end of period

OL

0

0%

3,590,338

0%

0

 

Research and development Charge (Total I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value at begin of period

KD

0

0%

82,178

0%

0

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

0

0%

0

0%

0

Decreasess by budget item transfer

LV1

0

0%

0

0%

0

Decreasess by transfers

LV2

0

0%

0

0%

0

Gross value at the end of period

LW

0

0%

82,178

0%

0

 

Tangible fixed assets (Total III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value at begin of period

LN

0

0%

3,529,759

0%

0

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

0

0%

47,401

0%

0

Decreasess by budget item transfer

NG1

0

0%

0

0%

0

Decreasess by transfers

NG2

0

0%

69,000

0%

0

Gross value at the end of period

NH

0

0%

3,508,160

0%

0

 

Financial assets (Total IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value at begin of period

LQ

0

0%

0

0%

0

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

0

0%

0

0%

0

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

0

0%

0

0%

0

Gross value at the end of period

NK

0

0%

0

0%

0

 

 

Reserve for depreciation

 

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Reserve for depreciation value at begin of period

PE

0

0%

82,178

0.0 %

82,177

Increases

PF

0

0%

0

0%

0

Decreasess

PG

0

0%

0

0%

0

Decreasess by budget item transfer

PH

0

0%

82,178

0.0 %

82,177

 

Total fixed assets amotisation (Total III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Reserve for depreciation value at begin of period

QU

0

0%

3,041,133

6.7 %

2,850,251

Increases

QV

0

0%

166,938

-12.5 %

190,877

Decreases

QW

0

0%

65,598

0%

0

Decreasess by budget item transfer

QX

0

0%

3,142,473

3.3 %

3,041,128

 

 

Movements during period affecting charge allocated over several period

 

Deferred charges and debt issuance costs

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Value at begining of period

7C

0

0%

1,291,776

0%

0

Increases

UB

0

0%

130,959

0%

0

Decreases

UC

0

0%

40,840

0%

0

Value at the end of period

UD

0

0%

1,381,895

0%

0

 

 

Includes Total allocations

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Operating

UE

0

0%

72,134

0%

0

Financial

UG

0

0%

0

0%

0

Exceptional

UJ

0

0%

58,825

0%

0

 

 

Includes Total Withdrawal

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Operating

UF

0

0%

35,000

0%

0

Financial

UH

0

0%

0

0%

0

Exceptional

UK

0

0%

5,840

0%

0

 

Total regulated provisions (Total I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Value at begining of period

3Z

0

0%

989,169

0%

0

Increases

TS

0

0%

58,825

0%

0

Decreases

TT

0

0%

5,840

0%

0

Value at the end of period

TU

0

0%

1,042,154

0%

0

 

Total risk and charge provisions (Total II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Value at begining of period

5Z

0

0%

86,674

0%

0

Increases

TV

0

0%

54,952

0%

0

Decreases

TW

0

0%

0

0%

0

Value at the end of period

TX

0

0%

141,626

0%

0

 

Total Provision for depreciation (Total III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Value at begining of period

7B

0

0%

215,933

0%

0

Increases

TY

0

0%

17,182

0%

0

Decreases

TZ

0

0%

35,000

0%

0

Value at the end of period

UA

0

0%

198,115

0%

0

 

 

State deadlines claims and debts at the end of period

 

State claims

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value

VT

0

0%

25,770,047

-0.1 %

25,788,368

1 year at most

VU

0

0%

25,770,047

-0.1 %

25,788,368

More than one year

VV

0

0%

0

0%

0

 

 

State of loans

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

0

0%

0

0%

1,560

Other financial assets (1 year at most)

UV

0

0%

0

0%

1,560

 

Receivables statement of assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Customers doubtful or disputed

VA

0

0%

25,576,241

0.7 %

25,396,542

Other claims customer

UX

0

0%

0

0%

0

Receivables represent Loaned Securities

UU

0

0%

0

0%

0

Provision for depreciation previously established

UQ

0

0%

0

0%

0

Personnel and associated accounts

UY

0

0%

500

-38.4 %

812

Social Security and other social organizations

UZ

0

0%

870

-44.2 %

1,560

Income taxes

VM

0

0%

178,291

0%

0

Value added tax

VB

0

0%

0

0%

380,667

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%

9,484

0%

0

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

VR

0

0%

2,652

0%

0

 

Prepaid

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Prepaid

VS

0

0%

2,009

-72.2 %

7,227

 

State Debt

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total debt (gross)

VY

0

0%

26,175,826

-8.8 %

28,686,279

1 year at most

VZ2

0

0%

26,175,826

-8.8 %

28,686,279

More than 1 year and 5 years at most

VZ3

0

0%

0

0%

0

More than 5 years

VZ4

0

0%

0

0%

0

 

 

Details

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

0

0%

0

0%

0

1 year at most

VG2

0

0%

0

0%

0

More than 1 year and 5 years at most

VG3

0

0%

0

0%

0

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

VH1

0

0%

819,695

0%

0

1 year at most

VH2

0

0%

819,695

0%

0

More than 1 year and 5 years at most

VH3

0

0%

0

0%

0

Loans and various financial liabilities (gross)

8A1

0

0%

0

0%

0

1 year at most

8A2

0

0%

0

0%

0

More than 1 year and 5 years at most

8A3

0

0%

0

0%

0

Suppliers and associated accounts (gross)

8B1

0

0%

23,141,918

-4.4 %

24,194,625

1 year at most

8B2

0

0%

23,141,918

-4.4 %

24,194,625

More than 1 year and 5 years at most

8B3

0

0%

23,141,918

-4.4 %

24,194,625

Personnel and associated accounts (gross)

8C1

0

0%

285,987

-5.0 %

301,032

1 year at most

8C2

0

0%

285,987

-5.0 %

301,032

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

0

0%

144,225

-2.9 %

148,507

1 year at most

8D2

0

0%

144,225

-2.9 %

148,507

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%

889,668

2.8 %

865,459

1 year at most

VQ2

0

0%

889,668

2.8 %

865,459

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%

1,750,516

1 year at most

VI2

0

0%

0

0%

1,750,516

More than 1 year and 5 years at most

VI3

0

0%

0

0%

0

More than 5 years

V14

0

0%

0

0%

0

Other liabilities (gross)

8K1

0

0%

894,333

-37.3 %

1,426,140

1 year at most

8K2

0

0%

894,333

-37.3 %

1,426,140

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Loans made during the period

VJ

0

0%

0

0%

0

Debt repaid during the period

VK

0

0%

0

0%

0

 

 


Table allocation results and other information

 

Dividends distributed

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Dividends

ZE

0

0%

0

0%

0

 

Commitments

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Average number of employees

YP

44

0%

44

-4.3 %

46

 

Groups and Shareholders

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Groups and Shareholders

ZR

0

-

-

-

-

 

 

Ratios

 

Structure and Liquidity

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Fixed Asset Financing

4.46

-2.8 %

4.59

-5.2 %

4.84

2.68

66.4 %

Global Debt

110 days

25.0 %

88 days

-5.4 %

93 days

89 days

23.6 %

Working Capital Fund overall net

42 days

-2.3 %

43 days

-2.3 %

44 days

71 days

-40.8 %

Financial independence

-

-

1,497.96 %

114.4 %

698.61 %

347.62 %

-

Solvability

27.73 %

-12.8 %

31.81 %

6.6 %

29.83 %

45.33 %

-38.8 %

Capacity debt futures

-

-

1,497.96 %

-

-

1,808.88 %

-

Coverage of current assets by net working capital overall

27.62 %

-17.5 %

33.48 %

0.5 %

33.32 %

50.93 %

-45.8 %

General Liquidity

-

-

0.98

8.9 %

0.90

0.84

-

Restricted Liquidity

-

-

0.99

8.8 %

0.91

1.21

-

 

 

Management or rotation

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Need background in operating working capital

39 days

-7.1 %

42 days

-2.3 %

43 days

44 days

-11.4 %

Treasury

3 days

200.0 %

1 days

0%

1 days

13 days

-76.9 %

Inventory turnover of goods

57 days

29.5 %

44 days

-12.0 %

50 days

56 days

1.8 %

Average length of credit granted to customers

82 days

-4.7 %

86 days

4.9 %

82 days

56 days

46.4 %

Average length of credit obtained suppliers

91 days

15.2 %

79 days

0%

79 days

53 days

71.7 %

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

-

-

-

-

-

643 days

-

Rotation tangible assets

-

-

3,066.91 %

-

-

1,021.76 %

-

 

Profitability of the business

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Margin trading

-94.63 %

0.0 %

-94.62 %

0.3 %

-94.88 %

17.96 %

-626.9 %

Profitability of the business

-0.16 %

-233.3 %

0.12 %

129.3 %

-0.41 %

2.81 %

-105.7 %

Net profit

-0.12 %

0%

0.00 %

0%

-0.18 %

1.73 %

-106.9 %

Growth rate of turnover (excluding VAT)

-2.61 %

27.7 %

-3.61 %

53.8 %

-7.82 %

-1.70 %

-53.5 %

Rates integration

2.20 %

0.5 %

2.19 %

36.9 %

1.60 %

15.80 %

-86.1 %

Rate leasing furniture

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Work Factor

87.01 %

11.8 %

77.83 %

-23.4 %

101.57 %

69.37 %

25.4 %

Weight interests

0.03 %

-50.0 %

0.06 %

-60.0 %

0.15 %

0.18 %

-83.3 %

 

Return on capital

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Cash flow from the overall profitability

0.23 %

35.3 %

0.17 %

-41.4 %

0.29 %

2.03 %

-88.7 %

Rates of economic profitability

-1.00 %

-200.0 %

1.00 %

133.3 %

-3.00 %

10.00 %

-110.0 %

Financial profitability

12,326,562.00 %

0.4 %

12,278,716.00 %

0.4 %

12,229,318.00 %

548,352.00 %

2147.9 %

Return on investment

-0.77 %

-279.1 %

0.43 %

315.0 %

-0.20 %

7.18 %

-110.7 %

 

Management intermediate balances

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Turnover

104,789,291

-2.6 %

107,592,240

-3.6 %

111,616,038

2,445,500

4185.0 %

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Sales of goods

0

0%

0

0%

0

-

- Purchase of goods

102,349,722

2.8 %

99,597,166

-6.6 %

106,640,969

-

+/- Stock of goods variation

-3,186,318

-244.1 %

2,211,446

397.7 %

-742,839

-

Trading margin

-99,163,404 €

2.6 %

-101,808,612 €

3.9 %

-105,898,130 €

369,213 €

-26958.0 %

-94.63 % CA

0.0 %

-94.62 % CA

0.3 %

-94.88 % CA

18.30 % CA

-617.1 %

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Sale of goods produced

104,789,291

-2.6 %

107,592,240

-3.6 %

111,616,038

-

+/- Stocked production

0

0%

0

0%

0

-

+ Self-constructed assets

0

0%

0

0%

0

-

Period production

104,789,291 €

-2.6 %

107,592,240 €

-3.6 %

111,616,038 €

87,571 €

119562.1 %

100.00 % CA

0%

100.00 % CA

0%

100.00 % CA

2.67 % CA

3645.3 %

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Trading margin

-99,163,404

2.6 %

-101,808,612

3.9 %

-105,898,130

369,213

-26958.0 %

+ Period Production

104,789,291

-2.6 %

107,592,240

-3.6 %

111,616,038

87,571

119562.1 %

- Purchase of raw materials

279,931

-6.3 %

298,789

25.4 %

238,287

-

+/- Change in stocks of raw materiels

0

0%

0

0%

44,421

-

- Other external purchases and charges

3,045,535

-2.6 %

3,126,738

-14.2 %

3,645,468

-

Added value

2,300,421 €

-2.4 %

2,358,101 €

31.8 %

1,789,732 €

375,960 €

511.9 %

2.20 % CA

0.5 %

2.19 % CA

36.9 %

1.60 % CA

15.80 % CA

-86.1 %

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Added value

2,300,421 €

-2.4 %

2,358,101 €

31.8 %

1,789,732 €

375,960 €

511.9 %

+ Operating grants

0

0%

0

0%

0

-

- Tax, duty and similar payments

467,068

18.8 %

393,075

-8.9 %

431,682

-

- Personal charges

2,001,688

9.1 %

1,835,199

1.0 %

1,817,751

-

Gross operating surplus

-168,335 €

-229.7 %

129,827 €

128.2 %

-459,701 €

51,564 €

-426.5 %

-0.16 % CA

-233.3 %

0.12 % CA

129.3 %

-0.41 % CA

2.81 % CA

-105.7 %

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Gross operating surplus

-168,335 €

-229.7 %

129,827 €

128.2 %

-459,701 €

51,564 €

-426.5 %

+ Release of reserves and provisions

193,341

342.9 %

43,652

1832.4 %

2,259

-

+ Other operating income

265,763

-51.7 %

549,669

-46.8 %

1,032,680

-

- Depreciation/ Amortisation

194,165

-18.8 %

239,073

-27.3 %

328,733

-

- Other charges

52,305

-87.1 %

406,443

114.1 %

189,864

-

Operating result

44,299 €

-42.9 %

77,632 €

37.1 %

56,641 €

37,711 €

17.5 %

0.04 % CA

-42.9 %

0.07 % CA

40.0 %

0.05 % CA

2.09 % CA

-98.1 %

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Operating result

44,299 €

-42.9 %

77,632 €

37.1 %

56,641 €

37,711 €

17.5 %

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

0

0%

0

0%

0

-

+ Financial income

77,969

86.8 %

41,732

-74.8 %

165,376

-

- Financial charges

34,713

-42.6 %

60,451

-64.3 %

169,389

-

Pre-tax result

87,555 €

48.6 %

58,913 €

11.9 %

52,628 €

37,227 €

135.2 %

0.08 % CA

60.0 %

0.05 % CA

0%

0.05 % CA

2.02 % CA

-96.0 %

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Extraordinary income

47,897

600.0 %

6,842

-89.4 %

64,378

1,156

4043.3 %

- Extraordinary charges

224,838

261.3 %

62,227

-78.7 %

292,614

-

Extraordinary result

-176,941 €

-219.5 %

-55,385 €

75.7 %

-228,236 €

0 €

0%

-0.17 % CA

-240.0 %

-0.05 % CA

75.0 %

-0.20 % CA

0.00 % CA

0%

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

SECTOR MEDIAN 2014

Pre-tax result

87,555 €

48.6 %

58,913 €

11.9 %

52,628 €

37,227 €

135.2 %

Extraordinary result

-176,941 €

-219.5 %

-55,385 €

75.7 %

-228,236 €

0 €

0%

- Employee profit sharing

40,129

463.7 %

7,119

-66.8 %

21,431

-

- Tax on profits

0

0%

0

0%

0

-

Net result

-129,515 €

-3506.7 %

-3,591 €

98.2 %

-197,039 €

38,786 €

-433.9 %

-0.12 % CA

0%

0.00 % CA

0%

-0.18 % CA

1.72 % CA

-107.0 %

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.14

UK Pound

1

Rs.100.55

Euro

1

Rs.71.27

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

ASH

 

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.