MIRA INFORM REPORT

 

 

Report No. :

349665

Report Date :

23.11.2015

 

IDENTIFICATION DETAILS

 

Name :

DIPOSTEL

 

 

Registered Office :

Zac Saint-Antoine Ecoparc Departementa, 305 Av De La, Arjolaine, 34130 Saint Aunes

 

 

Country :

France

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

January 1992

 

 

Com. Reg. No.:

384 028 270

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale (business to business) supplies and miscellaneous equipment for the trade and services

 

 

No. of Employee :

9 (31.12.2013)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

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 name

 

DIPOSTEL

 

 

Enquiries Trend

 

SIRET

384 028 270 00070

Name

DIPOSTEL

Acronym

-

Trade name

-

Status

Economically active

Postal Address

DIPOSTEL
DIPOSTEL
ZAC SAINT-ANTOINE ECOPARC DEPARTEMENTA
305 AV DE LA MARJOLAINE
34130 SAINT AUNES

Share Capital

120,000 Euros

Telephone

04 67 72 02 22

Activity (APE)

Wholesale (business to business) supplies and miscellaneous equipment for the trade and services (4669C)

RCS Registration

RCS Montpellier B 384 028 270

Formation Date

01/1992

EUR VAT Number

FR11384028270

Deregistration Date

-

Last account Date

31/12/2013

Court Registry Number

20 1 0B01538

Incorporiation Date

01/1992

Registration Court

Montpellier (34)

Fax

-

Nationality

France

 

Legal form

Limited Liability Company

Currency

Euros

 

 

Key Financials

 

YEAR TO DATE

TURNOVER

GROSS OPERATING SURPLUS

SHAREHOLDER'S EQUITY

NET RESULT

EMPLOYEES

31/12/2013

4,022,399 €

10.29% Turnover

962,277 €

202,986 €

9 employees

31/12/2012

3,224,070 €

6.21% Turnover

764,291 €

139,675 €

6 to 9 employees

31/12/2011

2,601,386 €

3.24% Turnover

649,617 €

84,165 €

7 employees

 

 

Directors

 

Current Directors

1

 

 

Judgment and Preferential

 

Judgment

No judgement

Preferential Right

Collection of preferential rights for this company has been stopped by the Court

 

 

Establishment Details

 

Type of Establishment

Head Office

Production Role

-

APE/NAF Code

4669C

Activity

Wholesale (business to business) supplies and miscellaneous equipment for the trade and services

Formation Date

01/2013

Reason for Formation

Formation

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

-

Trading Address

305 AVENUE DE LA MARJOLAINE 
34130 SAINT AUNES

Department

-

Location Surface

-

District

-

City

SAINT AUNES

Status

Economically active

Business Pages FT®

-

Region

Languedoc-Roussillon

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

4 branch entities in this company

 

Company Name

Company Type

APE/NAF Code

Activity

City

Post Code

DIPOSTEL

Head Office

4669C

Wholesale (business to business) supplies and miscellaneous equipment for the trade and services

SAINT AUNES

34130

DIPOSTEL

Branch

4669C

Wholesale (business to business) supplies and miscellaneous equipment for the trade and services

SAINT AUNES

34130

DIPOSTEL

Branch

4669C

Wholesale (business to business) supplies and miscellaneous equipment for the trade and services

LYON 3EME

69003

DIPOSTEL

Branch

4669C

Wholesale (business to business) supplies and miscellaneous equipment for the trade and services

PARIS 18

75018

DIPOSTEL

Branch

4669C

Wholesale (business to business) supplies and miscellaneous equipment for the trade and services

SAINT DENIS

93200

 

 

Workforces

 

Workforce at address

0 employee

Company workforce

6 to 9 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 pre-tax profit is more than 25,000€

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

The ratio total assets to total liabilities is 2.14

The return on total assets employed is positive

Industry code with low risk rating

The company is 23 years old

The tangible fixed assets are 54,796 €

The sales to current assets ratio is 2.34

The debtor days are 80.58

The liquidity acid test is less than 65%

 

 

Industry comparison

 

Activity (APE)

Wholesale (business to business) supplies and miscellaneous equipment for the trade and services (4669C)

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

Summary of preferential rights

 

Company monitored since

05/03/2008

Monitored stopped since

05/03/2011

Status of Monitoring

Collection of preferential rights for this company has been stopped by the Court

 

 

Group Data

 

No group information available for the company

 

 

Linkages

 

No Linkages information available for the company.

 

 

Director(s)

 

Name

M. DI NATALE PAOLO

Manager position

Manager

Date of birth

11/06/1963

Place of birth

BIZERTE(TUNISIE)

Type

Individual

Name at birth

 

 

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

Manager

M. DI NATALE PAOLO

11/06/1963 - TUNISIE

 

Status history

 

Date

Description

01/01/2013

Economically active

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

03/12/2014

Bodacc B

Modification et mutation diverse

34 - HERAULT

GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER

863 - 384 028 270 RCS Montpellier. DIPOSTEL. Forme : Société à responsabilité limitée. Administration : Gérant : DI NATALE paolo Commissaire aux comptes titulaire : SCP CAZES - GODDYN (SC) Commissaire aux comptes suppléant : GODDYN Christophe. Activité : 
Commentaires : Modification survenue sur l'administration.

23/08/2014

Bodacc C

Comptes annuels et rapports

34 - HERAULT

GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER

2729 - 384028270 RCS. DIPOSTELForme : Société à responsabilité limitée. Adresse : 305 avenue de la Marjolaine Zone d'Activités Commerciales Saint-Antoine Ecoparc Départemental 34130 Saint-Aunès. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

09/11/2013

Bodacc C

Comptes annuels et rapports

34 - HERAULT

GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER

2289 - 384028270 RCS. DIPOSTELForme : Société à responsabilité limitée. Adresse : 305 avenue de la Marjolaine Zone d'Activités Commerciales Saint-Antoine Ecoparc Départemental 34130 Saint-Aunès. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.

19/03/2013

Bodacc B

Modification et mutation diverse

34 - HERAULT

GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER

422 - 384 028 270 RCS Montpellier. DIPOSTEL. Forme : Société à responsabilité limitée. Enseigne : DIPOSTEL. Activité : 
Commentaires : Modification survenue sur le nom commercial.

16/01/2013

Bodacc B

Modification et mutation diverse

34 - HERAULT

GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER

908 - 384 028 270 RCS Montpellier. DIPOSTEL. Forme : Société à responsabilité limitée. Activité : Adresse de l’établissement principal : 305 avenue de la Marjolaine, Zone d'Activités Commerciales Saint-Antoine Ecoparc Départemental, 34130 Saint-Aunès. 
Adresse du siège social : 305 avenue de la Marjolaine, Zone d'Activités Commerciales Saint-Antoine Ecoparc Départemental, 34130 Saint-Aunès. 
Commentaires : Transfert du siège social, transfert de l'établissement principal.

27/12/2012

JAL

Head Office Transfer

Croix du Midi (La)/Edition Hérault-Gard


Date de décision : 10/12/2012
Transfert du siège social de la société 384028270 -  DIPOSTEL 
Adresse du nouveau siège : 305 ZONE ARTISANALE SAINT ANTOINE, 34130 ST AUNES
Ancienne localisation : 541 AV DES ROMARINS, ESOPARC DEPARTEMENTAL ST AUNES, 34130 SAINT AUNES
Date d'effet : 01/01/2013

08/10/2012

Bodacc C

Comptes annuels et rapports

34 - HERAULT

GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER

4403 - 384028270 RCS. DIPOSTELForme : Société à responsabilité limitée. Adresse : 541 avenue des Romarins Ecoparc Départemental Saint-Aunès 34130 Saint-Aunès. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.

25/06/2010

Bodacc A

Immatriculation

34 - HERAULT

GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER

620 - 384 028 270 RCS Montpellier. DIPOSTEL. Forme : Société à responsabilité limitée. Enseigne : dispotel. Administration : Gérant non statutaire : DI NATALE paolo. Capital : 120000 EUR. Adresse : 541 avenue des romarins, ecoparc départemental saint aunès, 34130 Saint-Aunes. 
Origine du fonds : Transfert de siège. Etablissement : Etablissement principal. Activité : la négociation et la commercialisation de tous les produits destnés à l'industrie des transports en général ainsi que les prestations de services pouvant s'y rapporter. Adresse : 541 avenue des romarins, ecoparc départemental saint aunès, 34130 Saint-Aunes. 
A dater du : 11/06/2010. Date de commencement de l’activité : 15/04/2010. Descriptif : Immatriculation suite ¿ transfert de son si¿ge social hors ressort.Commentaires : Immatriculation d'une personne morale suite à transfert de son siège social.

03/06/2010

Bodacc C

Comptes annuels et rapports

93 - SEINE-SAINT-DENIS

GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY

11243 - 384028270 RCS. DIPOSTELForme : Société à responsabilité limitée. Adresse : 32 boulevard Ornano 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

04/05/2010

JAL

Head Office Transfer

LE JOURNAL SPECIAL DES SOCIETES


Date de décision : 15/04/2010
Transfert du siège social de la société 384028270 -  DIPOSTEL 
Adresse du nouveau siège : 541 AVENUE DES ROMARINS, ECOPARC DEPARTEMENTAL ST AUNES, 34130 ST AUNES
Ancienne localisation : 32 BD ORNANO, 93200 SAINT DENIS

07/11/2009

Bodacc C

Comptes annuels et rapports

93 - SEINE-SAINT-DENIS

GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY

10754 - 384028270 RCS. DIPOSTELForme : Société à responsabilité limitée. Adresse : 32 boulevard Ornano 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

20/10/2008

Bodacc C

Comptes annuels et rapports

93 - SEINE-SAINT-DENIS

GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY

9444 - 384028270 RCS. DIPOSTELForme : Société à responsabilité limitée. Adresse : 32 boulevard Ornano 93200 Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

17/08/2007

Bodacc C

Avis de dépôt des comptes

3564 - 384 028 270. RCS PARIS DIPOSTEL. Forme: Société à responsabilité limitée. Adresse du siège social: 12 rue d'Oran 75018 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

29/06/2007

Bodacc B

Modifications et mutations diverses

2416 - RCS B 384 028 270. RC 07-B 3599. DIPOSTEL. Forme : S.A.R.L. Capital : 120 000 euros. Adresse du siège social : 32 boulevard Ornano, 93200 Saint-Denis. Administration : gérant : DI NATALE (Paolo). Etablissement principal - Nom commercial : Dipostel. Activité : négociation et commercialisation de tous produits destinés à l'industrie du transport. Adresse : 32 boulevard Ornano, 93200 Saint-Denis. Commentaires : cette société transfère son siège social du 12 rue d'Oran, 75018 Paris. Date d'effet : 24 avril 2007.

22/09/2006

Bodacc C

Avis de dépôt des comptes

1481 - RCS Paris B 384 028 270. RC 92-B 352. DIPOSTEL. Forme: S.A.R.L.. Adresse du siège social: 12, R D Oran,Paris, 75018 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

25/01/2006

Bodacc B

Modifications et mutations diverses

1887 - RCS Paris B 384 028 270. RC 92-B 00352. DIPOSTEL. Forme : S.A.R.L. Adresse du siège social : 12 rue d'Oran,, 75018 Commentaires : modification survenue sur l'administration. Administration : gérant partant : LECLERC (Jacques, André). Nomination du gérant : DI NATALE (Paolo).

10/09/2005

Bodacc C

Avis de dépôt des comptes

1098 - RCS Paris B 384 028 270. RC 92-B 352. DIPOSTEL. Forme: S.A.R.L.. Adresse du siège social: 12, R D Oran,Paris, 75018 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

12/02/2002

Bodacc B

Modifications et mutations diverses

RCS Paris B 384028270 RC 92-B 352 DIPOSTEL. Forme : S.A.R.L. Capital : 120 000 euros Nom commercial: Dipostel. Commentaires : modification survenue sur le capital (augmentation).

03/07/1998

Bodacc B

Modifications et mutations diverses

RCS *. RCS Paris B 384 028 270 RC RC 92- B 352 DIPOSTEL. Forme : S.A.R.L. Capital : 500 000 F Nom commercial: Dipostel. Commentaires : modification survenue sur le capital (augmentation).

16/05/1998

Bodacc B

Modifications et mutations diverses

RCS *. RCS Paris B 384 028 270 RC RC 92- B 352 DIPOSTEL. Forme : S.A.R.L Nom commercial: Dipostel. Adresse du siège social : 12, rue d'Oran 75018 Paris Etablissement principal: Adresse : 12, rue d'Oran 75018 Paris. Commentaires : modification survenue sur l'adresse du siège social et de l'établissement principal.

10/07/1997

Bodacc B

Modifications et mutations diverses

RCS Paris B 384 028 270 RC 92-B 352 DIPOSTEL. Forme : S.A.R.L. Capital : 300 000 F Nom commercial: Dipostel. Commentaires : modification survenue sur le capital (augmentation) et l' administration. Administration : gérant partant : DI NATALE (Paolo). Nomination du gérant : LECLERC (Jacques, André).

 

 

Company events history

 

Date

Description

03/12/2014

Bodacc B: Various editing or changing

19/11/2014

Minutes of general meeting of shareholders

19/11/2014

New auditor

11/09/2014

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

23/08/2014

Bodacc C : Deposit accounts notice

31/12/2013

New accounts available

09/11/2013

Bodacc C : Deposit accounts notice

11/10/2013

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

19/03/2013

Bodacc B: Various editing or changing

14/02/2013

Modification to Establishment Address or Identifier

16/01/2013

Bodacc B: Various editing or changing

03/01/2013

Registered office transferred inside jurisdiction of the Commercial Court

03/01/2013

Minutes of general meeting of shareholders

03/01/2013

Updated articles of association

01/01/2013

Update of Company Head Office Identifier

01/01/2013

Transfer of Establishment

31/12/2012

New accounts available

27/12/2012

Legal Gazette: Head Office Transfer

30/11/2012

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

08/10/2012

Bodacc C : Deposit accounts notice

31/12/2011

New accounts available

13/12/2011

Updated articles of association

13/12/2011

Sale of shares

13/12/2011

Private document

13/12/2011

Minutes of general meeting of shareholders

16/11/2011

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

05/03/2011

Collection of preferential rights for this company has been stopped by the Court

31/12/2010

New accounts available

25/06/2010

Bodacc A : Registration

11/06/2010

Minutes of general meeting of shareholders

11/06/2010

Registered office transferred inside jurisdiction of the Commercial Court

11/06/2010

Updated articles of association

03/06/2010

Bodacc C : Deposit accounts notice

04/05/2010

Legal Gazette: Head Office Transfer

31/12/2009

New accounts available

07/11/2009

Bodacc C : Deposit accounts notice

31/12/2008

New accounts available

20/10/2008

Bodacc C : Deposit accounts notice

05/03/2008

Collection of preferential rights activated for this company

31/12/2007

New accounts available

07/06/2007

Minutes of general meeting of shareholders

07/06/2007

Minutes of general meeting of shareholders

07/06/2007

Private document

07/06/2007

Registered office transferred inside jurisdiction of the Commercial Court

07/06/2007

Registration after transfer

07/06/2007

Updated articles of association

07/06/2007

Updated articles of association

31/12/2006

New accounts available

12/07/2006

Sale of shares

12/07/2006

Updated articles of association

12/07/2006

Private document

12/07/2006

Minutes of general meeting of shareholders

11/07/2006

Private document

11/07/2006

Sale of shares

11/07/2006

Updated articles of association

31/12/2005

New accounts available

21/12/2005

Minutes of general meeting of shareholders

21/12/2005

Minutes of general meeting of shareholders

21/12/2005

Private document

21/12/2005

Private document

21/12/2005

Sale of shares

21/12/2005

Sale of shares

21/12/2005

Updated articles of association

21/12/2005

Updated articles of association

10/11/2005

Minutes of general meeting of shareholders

10/11/2005

Appointment/resignation of company officers

10/11/2005

Minutes of general meeting of shareholders

10/11/2005

New manager

10/11/2005

Private document

10/11/2005

New manager

18/10/2005

Power of attorney

18/10/2005

Private document

18/10/2005

Private document

18/10/2005

Sale of shares

18/10/2005

Sale of shares

18/10/2005

Updated articles of association

18/10/2005

Updated articles of association

31/12/2004

New accounts available

31/12/2003

New accounts available

30/01/2002

Conversion of equity to euro

30/01/2002

Updated articles of association

30/01/2002

Minutes of general meeting of shareholders

30/01/2002

Capital increase

30/01/2002

Private document

18/06/1998

Capital increase

18/06/1998

Private document

18/06/1998

Updated articles of association

18/06/1998

Minutes of general meeting of shareholders

16/06/1998

Private document

16/06/1998

Minutes of general meeting of shareholders

16/06/1998

Capital increase

16/06/1998

Updated articles of association

27/04/1998

Updated articles of association

27/04/1998

Private document

27/04/1998

Amendment

27/04/1998

Registered office transferred inside jurisdiction of the Commercial Court

24/06/1997

Minutes of general meeting of shareholders

24/06/1997

Updated articles of association

24/06/1997

Capital increase

24/06/1997

Appointment/resignation of company officers

24/06/1997

New manager

24/06/1997

Private document

28/06/1994

Amendment

28/06/1994

Appointment/resignation of company officers

28/06/1994

Minutes of general meeting of shareholders

28/06/1994

New manager

28/06/1994

Updated articles of association

10/05/1994

Amendment

10/05/1994

Declaration of conformity

10/05/1994

Private document

10/05/1994

Sale of shares

10/05/1994

Updated articles of association

10/05/1994

Minutes of general meeting of shareholders

17/12/1993

Registered office transferred inside jurisdiction of the Commercial Court

17/12/1993

Private document

17/12/1993

Declaration of conformity

17/12/1993

Amendment

17/12/1993

Updated articles of association

07/01/1992

Amendment

13/12/1991

Declaration of conformity

13/12/1991

Company formation

13/12/1991

Articles of association

13/12/1991

Private document

 

 

Synthesized Accounts

 

Annual Accounts

 

31/12/2013

31/12/2012

31/12/2011

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

10/09/2014

10/10/2013

28/11/2012

Activity Code

4669C

4669C

4669C

Employees

9

0

7

 

Active account

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

92,587

269.9 %

25,028

1.1 %

24,746

27,303

239.1 %

 Intangible assets

7,790

48.5 %

5,245

0%

0

0

0%

 Tangible assets

54,796

263.9 %

15,058

-24.7 %

19,991

10,064

444.5 %

 Financial assets

30,000

534.9 %

4,725

-0.6 %

4,755

1,517

1877.6 %

Net current assets

1,715,716

11.4 %

1,540,619

11.7 %

1,379,355

244,978

600.4 %

 Stocks

231,668

-34.6 %

354,214

128.7 %

154,914

34,263

576.1 %

 Advanced payments

154

0%

0

0%

3,190

0

0%

 Receivables

888,028

30.2 %

682,180

28.2 %

532,149

116,829

660.1 %

 Securities and cash

595,863

18.2 %

504,225

-26.8 %

689,102

37,589

1485.2 %

 Prepaid expenses

-

-

-

-

-

119

-

Accounts of regularization

0

0%

0

0%

0

0

0%

Total Assets

1,808,304

15.5 %

1,565,643

11.5 %

1,404,099

316,000

472.2 %

 

Passive Account

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Shareholders' equity

962,277

25.9 %

764,291

17.7 %

649,617

101,303

849.9 %

Share capital

120,000

0%

120,000

0%

120,000

15,000

700.0 %

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

77,294

0%

0

0%

0

0

0%

Liabilities

768,731

-4.1 %

801,356

6.2 %

754,483

182,816

320.5 %

 Financial liabilities

18,484

-36.0 %

28,881

-76.3 %

122,104

19,992

-7.5 %

 Advanced payments received

5,818

51.5 %

3,840

161.8 %

1,467

0

0%

 Trade account payables

552,643

-10.6 %

618,443

27.5 %

485,171

63,184

774.7 %

 Tax and social liabilities

172,490

15.2 %

149,692

55.5 %

96,261

55,441

211.1 %

 Other debts and fixed assets liabilities

19,295

3759.0 %

500

-99.0 %

49,480

5,010

285.1 %

Account regularization

0

0%

0

0%

0

0

0%

Total liabilities

1,808,304

15.5 %

1,565,648

11.5 %

1,404,099

316,000

472.2 %

 

Results

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sales of Goods

4,025,555

23.2 %

3,266,272

23.7 %

2,640,952

556,176

623.8 %

Net turnover

4,022,399

24.8 %

3,224,070

23.9 %

2,601,386

542,248

641.8 %

 of which net export turnover

886,993

69.6 %

523,053

49.8 %

349,226

0

0%

Operating charges

3,723,900

21.6 %

3,061,626

21.1 %

2,528,933

532,107

599.8 %

Operating profit/loss

301,654

47.4 %

204,646

82.7 %

112,019

12,325

2347.5 %

Financial income

4,878

-28.4 %

6,817

95.9 %

3,479

33

14681.8 %

Financial charges

646

-77.3 %

2,851

23.2 %

2,315

716

-9.8 %

Financial profit/loss

4,231

6.7 %

3,966

240.7 %

1,164

-145

3017.9 %

Pretax net operating income

305,886

46.6 %

208,612

84.3 %

113,183

11,797

2492.9 %

Extraordinary income

0

0%

606

0%

0

78

0%

Extraordinary charges

2,443

-38.2 %

3,954

0%

0

324

654.0 %

Extraordinary profit/loss

-2,443

27.0 %

-3,348

0%

0

0

0%

Net result

202,986

45.3 %

139,675

66.0 %

84,165

11,065

1734.5 %

 

 

Accounts – Active

 

Normal Account

 

31/12/2013

31/12/2012

31/12/2011

Months

12

12

12

 

 

Grand Total - Active Accounts (I to VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Grand Total (I to VI)

Net

1,808,304

15.5 %

1,565,643

11.5 %

1,404,099

Gross

CO

1,863,862

16.1 %

1,605,687

7.6 %

1,492,595

Amortisation

1A

55,557

38.7 %

40,044

-54.8 %

88,496

 

 

Non declared distributed capital (I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

0

0%

0

0%

0

 

 

Active fixed asset (II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Active fixed asset (II)

Net

92,587

269.9 %

25,028

1.1 %

24,746

Gross

BJ

122,538

88.3 %

65,071

-22.6 %

84,035

Amortisation

BK

29,950

-25.2 %

40,043

-32.5 %

59,289

Intangible fixed assets

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Start-up cost

Net

0

0%

0

0%

0

Gross

AB

0

0%

0

0%

0

Amortisation

AC

0

0%

0

0%

0

R&D expenses

Net

0

0%

0

0%

0

Gross

CX

0

0%

0

0%

0

Amortisation

CQ

0

0%

0

0%

0

Distributorships, patents

Net

7,790

48.5 %

5,245

0%

0

Gross

AF

15,750

38.2 %

11,400

31.0 %

8,702

Amortisation

AG

7,959

29.3 %

6,155

-29.3 %

8,702

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

7,790

48.5 %

5,245

0%

0

 

 

Tangilble fixed assets

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Lands

Net

0

0%

0

0%

0

Gross

AN

0

0%

0

0%

0

Amortisation

AO

0

0%

0

0%

0

Buildings

Net

0

0%

0

0%

0

Gross

AP

0

0%

0

0%

0

Amortisation

AQ

0

0%

0

0%

0

Plant

Net

0

0%

163

-95.6 %

3,668

Gross

AR

3,408

-52.5 %

7,179

-34.9 %

11,020

Amortisation

AS

3,408

-51.4 %

7,016

-4.6 %

7,352

Other tangible fixed assets

Net

54,796

267.9 %

14,895

-8.7 %

16,323

Gross

AT

73,380

75.7 %

41,767

-29.9 %

59,558

Amortisation

AU

18,583

-30.8 %

26,872

-37.8 %

43,235

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

54,796

263.9 %

15,058

-24.7 %

19,991

 

Financial assets

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Associates at equity

Net

0

0%

0

0%

0

Gross

CS

0

0%

0

0%

0

Amortisation

CT

0

0%

0

0%

0

Other participations

Net

0

0%

0

0%

0

Gross

CU

0

0%

0

0%

0

Amortisation

CV

0

0%

0

0%

0

Inter-company receivables

Net

0

0%

0

0%

0

Gross

BB

0

0%

0

0%

0

Amortisation

BC

0

0%

0

0%

0

Other investment securities

Net

0

0%

0

0%

0

Gross

BD

0

0%

0

0%

0

Amortisation

BE

0

0%

0

0%

0

Loans

Net

0

0%

0

0%

0

Gross

BF

0

0%

0

0%

0

Amortisation

BG

0

0%

0

0%

0

Other financial assets

Net

30,000

534.9 %

4,725

-0.6 %

4,755

Gross

BH

30,000

534.9 %

4,725

-0.6 %

4,755

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

30,000

534.9 %

4,725

-0.6 %

4,755

 

Current Assets (III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Current Assets

Net

1,715,716

11.4 %

1,540,619

11.7 %

1,379,355

Gross

CJ

1,741,323

13.0 %

1,540,619

9.4 %

1,408,561

Amortisation

CK

25,607

0%

0

0%

29,206

 

Stocks

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Raw materials

Net

0

0%

0

0%

0

Gross

BL

0

0%

0

0%

0

Amortisation

BM

0

0%

0

0%

0

Work in progress (goods)

Net

0

0%

0

0%

0

Gross

BN

0

0%

0

0%

0

Amortisation

BO

0

0%

0

0%

0

Work in progress (services)

Net

0

0%

0

0%

0

Gross

BP

0

0%

0

0%

0

Amortisation

BQ

0

0%

0

0%

0

Semi-finished and finished products

Net

0

0%

0

0%

0

Gross

BR

0

0%

0

0%

0

Amortisation

BS

0

0%

0

0%

0

Goods for resale

Net

231,668

-34.6 %

354,214

128.7 %

154,914

Gross

BT

253,075

-28.6 %

354,214

128.7 %

154,914

Amortisation

BU

21,407

0%

0

0%

0

Sub Total Stocks

Net

231,668

-34.6 %

354,214

128.7 %

154,914

 

Advance payments to suppliers

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Advance payments to suppliers

Net

154

0%

0

0%

3,190

Gross

BV

154

0%

0

0%

3,190

Amortisation

BW

0

0%

0

0%

0

 

Debtors

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Trade accounts receivable

Net

879,847

37.7 %

638,765

21.8 %

524,542

Gross

BX

884,047

38.4 %

638,765

15.4 %

553,748

Amortisation

BY

4,200

0%

0

0%

29,206

Other debtors

Net

5,397

-83.7 %

33,054

1838.7 %

1,705

Gross

BZ

5,397

-83.7 %

33,054

1838.7 %

1,705

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

885,244

31.8 %

671,819

27.7 %

526,247

 

Divers

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Investment securities

Net

0

0%

0

0%

0

Gross

CD

0

0%

0

0%

0

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

595,863

18.2 %

504,225

-26.8 %

689,102

Gross

CF

595,863

18.2 %

504,225

-26.8 %

689,102

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

595,863

18.2 %

504,225

-26.8 %

689,102

 

Prepaid expenses

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Prepaid expenses

Net

2,784

-73.1 %

10,361

75.6 %

5,902

Gross

CH

2,784

-73.1 %

10,361

75.6 %

5,902

Amortisation

CI

0

0%

0

0%

0

 

Equalization accounts (IV to VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

31/12/2011

Due within one year

CP

0

0%

0

0%

0

Due after one year

CR

0

0%

0

0%

0

 

 

Accounts – Passive

 

Grand Total - Passive Accounts (I to V)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Grand Total (I to V)

EE

1,808,304

15.5 %

1,565,648

11.5 %

1,404,099

 

Shareholder Equity (I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total shareholders' equity (Total I)

DL

962,277

25.9 %

764,291

17.7 %

649,617

Equity and shareholders' equity

DA

120,000

0%

120,000

0%

120,000

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

12,000

0%

12,000

0%

12,000

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

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

627,291

27.3 %

492,616

13.6 %

433,451

Profit or loss for the period

DI

202,986

45.3 %

139,675

66.0 %

84,166

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

0

0%

0

0%

0

 

Other capital resources (II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total other capital resources (Total II)

DO

0

0%

0

0%

0

Income from participating securities

DM

0

0%

0

0%

0

Conditional loans

DN

0

0%

0

0%

0

 

Provisions for risks and charges (III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total provisions for risks and charges (Total III)

DR

77,294

0%

0

0%

0

Risk provisions

DP

77,294

0%

0

0%

0

Reserves for charges

DQ

0

0%

0

0%

0

 

Liabilities (IV)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Liabilities (Total IV)

EC

768,731

-4.1 %

801,356

6.2 %

754,483

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

0

0%

0

0%

0

Sundry loans and financial liabilities

DV

18,484

-36.0 %

28,881

-76.3 %

122,104

Of which participating loans

EI

0

0%

0

0%

0

Advance payments received for current orders

DW

5,818

51.5 %

3,840

161.8 %

1,467

Trade accounts payables

DX

552,643

-10.6 %

618,443

27.5 %

485,171

Tax and social security liabilities

DY

172,490

15.2 %

149,692

55.5 %

96,261

Fixed asset liabilities

DZ

0

0%

0

0%

0

Other debts

EA

19,295

3759.0 %

500

-99.0 %

49,480

 

Translation loss (V)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Translation loss (Total V)

ED

0

0%

0

0%

0

 

Equalization accounts

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Deferred income

EB

0

0%

0

0%

0

 

References

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Of which tax-allowable reserve

EF

0

0%

0

0%

0

Deferred income and liabilities

EG

762,913

0%

0

0%

753,016

Of which current bank facilities

EH

0

0%

0

0%

0

 

 

Result account

 

1 - Operating result (I-II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating result (Total I-II)

GG

301,654

47.4 %

204,646

82.7 %

112,019

 

2 - Financial result (V-VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Financial result (Total V-VI)

GV

4,231

6.7 %

3,966

240.7 %

1,164

 

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

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

GW

305,886

46.6 %

208,612

84.3 %

113,183

 

4 - Extraordinary result (VII-VIII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Extraordinary result (Total VII-VIII)

HI

-2,443

27.0 %

-3,348

0%

0

 

Profit or loss

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Profit or loss

HN

202,986

45.3 %

139,675

66.0 %

84,165

 

Total Income (I+III+V+VII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

HL

4,030,433

23.1 %

3,273,695

23.8 %

2,644,431

 

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

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

HM

3,827,446

22.1 %

3,134,021

22.4 %

2,560,268

 

Operating income (I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total operating income (Total I)

FR

4,025,555

23.2 %

3,266,272

23.7 %

2,640,952

 

Operating income (details)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sale of goods for resale

FC

3,883,651

22.3 %

3,174,786

24.9 %

2,542,445

France

FA

3,113,011

15.6 %

2,692,252

20.6 %

2,232,875

Export

FB

770,640

59.7 %

482,534

55.9 %

309,570

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

138,747

181.5 %

49,284

-16.4 %

58,941

France

FG

22,393

155.5 %

8,765

-54.6 %

19,285

Export

FH

116,353

187.2 %

40,519

2.2 %

39,656

Net turnover

FL

4,022,399

24.8 %

3,224,070

23.9 %

2,601,386

France

FJ

3,135,405

16.1 %

2,701,017

19.9 %

2,252,160

Export

FK

886,993

69.6 %

523,053

49.8 %

349,226

Stocked production

FM

0

0%

0

0%

0

Self-constructed assets

FN

0

0%

0

0%

0

Operating grants

FO

0

0%

0

0%

2,350

Release of reserves and provisions

FP

3,146

-92.5 %

42,172

158.5 %

16,316

Other income

FQ

10

-66.7 %

30

-99.9 %

20,900

 

Operating charges (II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total operating charges (Total II)

GF

3,723,900

21.6 %

3,061,626

21.1 %

2,528,933

 

Exploitation charges

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Purchase of goods for resale

FS

2,233,513

-2.6 %

2,293,987

29.1 %

1,776,305

Change in stocks of goods for resale

FT

101,139

150.7 %

-199,300

-136.3 %

-84,347

Purchase of raw materials

FU

2,738

8.7 %

2,519

6.9 %

2,356

Change in stocks of raw materials

FV

0

0%

0

0%

0

Other external purchases and charges

FW

798,047

39.0 %

574,341

8.9 %

527,225

Tax, duty and similar payments

FX

22,358

40.3 %

15,940

-9.6 %

17,636

Payroll

FY

332,010

37.8 %

240,882

22.3 %

196,939

Social security costs

FZ

118,741

24.2 %

95,587

14.8 %

83,263

 

Depreciation

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Depreciation of fixed assets

GA

11,948

49.1 %

8,011

-16.2 %

9,556

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

25,607

0%

0

0%

0

Provisions for risks and charges

GD

77,294

0%

0

0%

0

 

Other charges

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Other charges

GE

500

-98.3 %

29,659

0%

0

 

Operating charges (III-IV)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

GH

0

0%

0

0%

0

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

GI

0

0%

0

0%

0

 

Financial income (V)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total financial income (Total V)

GP

4,878

-28.4 %

6,817

95.9 %

3,479

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

3,770

-38.4 %

6,125

143.4 %

2,516

Released provisions and transferred charges

GM

0

0%

0

0%

0

Exchange gains

GN

1,108

60.1 %

692

-28.1 %

963

Net income from disposal of investment securities

GO

0

0%

0

0%

0

 

Financial charge (VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total financial charge (Total VI)

GU

646

-77.3 %

2,851

23.2 %

2,315

Financial reserves and provisions

GQ

0

0%

0

0%

0

Interest and similar charges

GR

0

0%

2,851

0%

0

Exchange losses

GS

646

0%

0

0%

2,315

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

 

Extraordinary income (VII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total extraordinary income (Total VII)

HD

0

0%

606

0%

0

Extraordinary operating income

HA

0

0%

0

0%

0

Extraordinary income from capital transactions

HB

0

0%

606

0%

0

Released provisions and transferred charges

HC

0

0%

0

0%

0

 

Extraordinary charges (VIII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total extraordinary charges (Total VIII)

HH

2,443

-38.2 %

3,954

0%

0

Extraordinary operating charges

HE

0

0%

0

0%

0

Extraordinary charges from capital transactions

HF

2,443

-38.2 %

3,954

0%

0

Extraordinary reserves and provisions

HG

0

0%

0

0%

0

 

Employee profit sharing (IX)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Employee profit sharing (Total IX)

HJ

0

0%

0

0%

0

 

Tax on profits (X)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Tax on profits (Total X)

HK

100,457

53.2 %

65,590

126.0 %

29,020

 

References

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Of which equipment leases

HP

19,015

0%

0

0%

19,047

Of which property leases

HQ

0

0%

0

0%

0

Of which transferred charges

A1

0

0%

0

0%

0

Of which trader's own contributions

A2

0

0%

0

0%

0

Of which royalties on licences and patents (income)

A3

0

0%

0

0%

0

Of which royalties on licences and patents (charges)

A4

0

0%

0

0%

0

 

 

Other incomes tax return forms

 

Fixed Assets

 

Grand Total Fixed Assets (I to IV)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

OG

0

0%

0

0%

0

Increasess due to revaluation

OH

0

0%

0

0%

0

Decreasess, acquisitions, creations, contributions

OJ

0

0%

0

0%

0

Decreasess by budget item transfer

OK1

0

0%

0

0%

0

Decreasess by transfers

OK2

29,209

-6.4 %

31,210

0%

0

Gross value at the end of period

OL

122,538

88.3 %

65,072

-22.6 %

84,035

 

 

Research and development Charge (Total I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

CZ

0

0%

0

0%

0

Increasess due to revaluation

KB

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KC

0

0%

0

0%

0

Decreasess by budget item transfer

CO1

0

0%

0

0%

0

Decreasess by transfers

CO2

0

0%

0

0%

0

Gross value at the end of period

DO

0

0%

0

0%

0

 

Other budget item from Intangible fixed assets (Total II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

KD

11,400

31.0 %

8,702

0%

8,702

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

4,350

-19.4 %

5,400

0%

0

Decreasess by budget item transfer

LV1

0

0%

0

0%

0

Decreasess by transfers

LV2

0

0%

2,702

0%

0

Gross value at the end of period

LW

15,750

38.2 %

11,400

31.0 %

8,702

 

Tangible fixed assets (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

LN

48,946

-30.6 %

70,576

4.6 %

67,469

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

52,326

664.1 %

6,848

120.2 %

3,110

Decreasess by budget item transfer

NG1

0

0%

0

0%

0

Decreasess by transfers

NG2

24,484

-14.0 %

28,478

0%

0

Gross value at the end of period

NH

76,788

56.9 %

48,946

-30.7 %

70,579

 

Financial assets (Total IV)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

LQ

4,725

-0.6 %

4,755

0%

4,755

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

30,000

0%

0

0%

0

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

4,725

15650.0 %

30

0%

0

Gross value at the end of period

NK

30,000

534.9 %

4,725

-0.6 %

4,755

 

 

Reserve for depreciation

 

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

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Reserve for depreciation value at begin of period

ON

0

0%

0

0%

0

Increases

OP

0

0%

0

0%

0

Decreasess

OQ

0

0%

0

0%

0

Reserve for depreciation value at the end of period

OR

0

0%

0

0%

0

 

Research and development charge (Total I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Reserve for depreciation value at begin of period

CY

0

0%

0

0%

0

Increases

PB

0

0%

0

0%

0

Decreasess

PC

0

0%

0

0%

0

Decreasess by budget item transfer

PD

0

0%

0

0%

0

 

Other intangible assets (Total II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Reserve for depreciation value at begin of period

PE

0

0%

8,702

0.0 %

8,703

Increases

PF

0

0%

155

0%

0

Decreasess

PG

0

0%

2,702

0%

0

Decreasess by budget item transfer

PH

0

0%

6,155

-29.3 %

8,703

 

Total fixed assets amotisation (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Reserve for depreciation value at begin of period

QU

33,889

-33.0 %

50,585

23.3 %

41,030

Increases

QV

10,144

29.1 %

7,855

-17.8 %

9,556

Decreases

QW

22,042

-10.2 %

24,553

0%

0

Decreasess by budget item transfer

QX

21,991

-35.1 %

33,887

-33.0 %

50,586

 

 

Movements during period affecting charge allocated over several period

 

Deferred charges and debt issuance costs

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

Z91

0

0%

0

0%

0

Increases

Z92

0

0%

0

0%

0

Depreciation of fixed assets during period

Z9

0

0%

0

0%

0

Decreasess by budget item transfer

B1

0

0%

0

0%

0

 

Premium refund of obligations

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Net value at begin of period

SP1

0

0%

0

0%

0

Increases

SP2

0

0%

0

0%

0

Depreciation of fixed assets during period

SP

0

0%

0

0%

0

Net value at the end of period

SR

0

0%

0

0%

0

 

 

Provisions included in balance sheet

 

Grand Total (I-II-III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

7C

0

0%

29,206

0%

29,206

Increases

UB

102,901

0%

0

0%

0

Decreases

UC

0

0%

29,206

0%

0

Value at the end of period

UD

102,901

0%

0

0%

29,206

 

Includes Total allocations

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating

UE

102,901

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

31/12/2011

Operating

UF

0

0%

29,206

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

31/12/2011

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

31/12/2011

Value at begining of period

5Z

0

0%

0

0%

0

Increases

TV

77,294

0%

0

0%

0

Decreases

TW

0

0%

0

0%

0

Value at the end of period

TX

77,294

0%

0

0%

0

 

Total Provision for depreciation (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

7B

0

0%

29,206

0%

29,206

Increases

TY

25,607

0%

0

0%

0

Decreases

TZ

0

0%

29,206

0%

0

Value at the end of period

UA

25,607

0%

0

0%

29,206

 

 

State deadlines claims and debts at the end of period

 

State claims

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value

VT

922,230

34.3 %

686,906

21.3 %

566,109

1 year at most

VU

892,230

30.8 %

682,181

29.6 %

526,424

More than one year

VV

30,000

534.9 %

4,725

-88.1 %

39,685

 

State of loans

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Claims related to holdings (gross)

UL

0

0%

0

0%

0

Claims related to shareholdings (1 year at most)

UM

0

0%

0

0%

0

Loans (gross)

UP

0

0%

0

0%

0

Loans (1 year at most)

UR

0

0%

0

0%

0

Other financial assets (gross)

UT

30,000

534.9 %

4,725

-0.6 %

4,755

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

31/12/2011

Customers doubtful or disputed

VA

5,023

0%

0

0%

34,930

Other claims customer

UX

879,024

37.6 %

638,765

23.1 %

518,817

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%

0

0%

0

Social Security and other social organizations

UZ

0

0%

0

0%

0

Income taxes

VM

0

0%

0

0%

770

Value added tax

VB

4,714

-49.9 %

9,404

905.8 %

935

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%

6,856

0%

0

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

VR

682

-95.9 %

16,794

0%

0

 

Prepaid

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Prepaid

VS

2,784

-73.1 %

10,361

75.6 %

5,901

 

State Debt

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total debt (gross)

VY

762,913

-4.3 %

797,517

5.9 %

753,016

1 year at most

VZ2

762,913

-4.3 %

797,517

5.9 %

753,016

More than 1 year and 5 years at most

VZ3

0

0%

0

0%

0

More than 5 years

VZ4

0

0%

0

0%

0

 

Details

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Convertible bonds (gross)

7Y1

0

0%

0

0%

0

1 year at most

7Y2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Y3

0

0%

0

0%

0

Other bonds (gross)

7Z1

0

0%

0

0%

0

1 year at most

7Z2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Z3

0

0%

0

0%

0

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

VG1

0

0%

0

0%

0

1 year at most

VG2

0

0%

0

0%

0

More than 1 year and 5 years at most

VG3

0

0%

0

0%

0

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

VH1

0

0%

0

0%

0

1 year at most

VH2

0

0%

0

0%

0

More than 1 year and 5 years at most

VH3

0

0%

0

0%

0

Loans and various financial liabilities (gross)

8A1

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

552,643

-10.6 %

618,443

27.5 %

485,171

1 year at most

8B2

552,643

-10.6 %

618,443

27.5 %

485,171

More than 1 year and 5 years at most

8B3

552,643

-10.6 %

618,443

27.5 %

485,171

Personnel and associated accounts (gross)

8C1

64,742

21.0 %

53,493

66.5 %

32,133

1 year at most

8C2

64,742

21.0 %

53,493

66.5 %

32,133

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

41,193

1.6 %

40,559

31.6 %

30,827

1 year at most

8D2

41,193

1.6 %

40,559

31.6 %

30,827

More than 1 year and 5 years at most

8D3

0

0%

0

0%

0

Taxes on profits (gross)

8E1

23,989

-23.8 %

31,489

0%

0

1 year at most

8E2

23,989

-23.8 %

31,489

0%

0

More than 1 year and 5 years at most

8E3

0

0%

0

0%

0

VAT (Gross)

VW1

35,334

93.4 %

18,271

-35.5 %

28,339

1 year at most

VW2

35,334

93.4 %

18,271

-35.5 %

28,339

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

7,231

23.0 %

5,879

18.5 %

4,961

1 year at most

VQ2

7,231

23.0 %

5,879

18.5 %

4,961

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

18,484

-36.0 %

28,881

-76.3 %

122,104

1 year at most

VI2

18,484

-36.0 %

28,881

-76.3 %

122,104

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

19,295

3759.0 %

500

-99.0 %

49,480

1 year at most

8K2

19,295

3759.0 %

500

-99.0 %

49,480

More than 1 year and 5 years at most

8K3

0

0%

0

0%

0

Debt representative of borrowed securities (gross)

SZ1

0

0%

0

0%

0

1 year at most

SZ2

0

0%

0

0%

0

More than 1 year and 5 years at most

SZ3

0

0%

0

0%

0

Products in advance (gross)

8L1

0

0%

0

0%

0

1 year at most

8L2

0

0%

0

0%

0

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

 

References

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Loans made during the period

VJ

0

0%

0

0%

0

Debt repaid during the period

VK

0

0%

0

0%

0

 

 

Table allocation results and other information

 

Dividends distributed

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Dividends

ZE

0

0%

0

0%

0

 

Commitments

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Commitments leasing furniture

YQ

0

0%

0

0%

0

Commitments Real Estate Leasing

YR

0

0%

0

0%

0

Effects brought to the discount and unmatured

YS

0

0%

0

0%

0

 

Other charges Externes

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Subcontracting

YT

0

0%

0

0%

0

Rentals, rental charges and condominiums

XQ

0

0%

0

0%

0

Staff outside the company

YU

0

0%

0

0%

0

Remuneration intermediaries and fees (excluding fees)

SS

0

0%

0

0%

0

Fees, commissions and brokerage

YV

0

0%

0

0%

0

Other accounts

ST

0

0%

0

0%

0

Total Other purchases and external

ZJ

0

0%

0

0%

0

 

Taxes and Fees

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Business tax

YW

0

0%

0

0%

0

Other taxes and payments assimilated

9Z

0

0%

0

0%

0

Total taxes and fees

YX

0

0%

0

0%

0

 

VAT

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Amount VAT collected

YY

0

0%

0

0%

0

Total VAT on goods and services

YZ

0

0%

0

0%

0

 

Average number of employees

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Average number of employees

YP

9

0%

0

0%

7

 

Groups and Shareholders

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Groups and Shareholders

ZR

0

-

-

-

-

 

 

Ratios

 

Structure and Liquidity

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Fixed Asset Financing

8.88

-30.6 %

12.80

29.4 %

9.89

2.54

249.6 %

Global Debt

69 days

-22.5 %

89 days

-14.4 %

104 days

106 days

-34.9 %

Working Capital Fund overall net

86 days

0%

86 days

-16.5 %

103 days

65 days

32.3 %

Financial independence

5,206.00 %

96.7 %

2,646.35 %

397.4 %

532.02 %

212.02 %

2355.4 %

Solvability

53.21 %

9.0 %

48.82 %

5.5 %

46.27 %

36.96 %

44.0 %

Capacity debt futures

-

-

-

-

-

1,474.76 %

-

Coverage of current assets by net working capital overall

55.53 %

10.6 %

50.20 %

-5.7 %

53.25 %

43.68 %

27.1 %

General Liquidity

1.17

36.0 %

0.86

22.9 %

0.70

0.78

50.0 %

Restricted Liquidity

1.95

30.9 %

1.49

-7.5 %

1.61

1.17

66.7 %

 

 

Management or rotation

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Need background in operating working capital

33 days

17.9 %

28 days

300.0 %

7 days

29 days

13.8 %

Treasury

53 days

-5.4 %

56 days

-41.1 %

95 days

14 days

278.6 %

Inventory turnover of goods

39 days

-36.1 %

61 days

84.8 %

33 days

53 days

-26.4 %

Average length of credit granted to customers

79 days

11.3 %

71 days

-7.8 %

77 days

57 days

38.6 %

Average length of credit obtained suppliers

63 days

-24.1 %

83 days

5.1 %

79 days

55 days

14.5 %

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

-

-

-

-

-

1,116 days

-

Rotation tangible assets

5,238.32 %

-20.5 %

6,586.99 %

78.7 %

3,685.78 %

1,398.82 %

274.5 %

 

Profitability of the business

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Margin trading

38.51 %

15.0 %

33.50 %

2.5 %

32.69 %

29.61 %

30.1 %

Profitability of the business

10.29 %

65.7 %

6.21 %

91.7 %

3.24 %

3.84 %

168.0 %

Net profit

5.05 %

16.6 %

4.33 %

33.6 %

3.24 %

2.00 %

152.5 %

Growth rate of turnover (excluding VAT)

24.76 %

3.4 %

23.94 %

804.1 %

-3.40 %

0.00 %

0%

Rates integration

22.05 %

28.6 %

17.14 %

17.4 %

14.60 %

24.07 %

-8.4 %

Rate leasing furniture

0.47 %

0%

0.00 %

0%

0.73 %

0.00 %

0%

Work Factor

50.82 %

-16.6 %

60.90 %

-17.4 %

73.77 %

75.27 %

-32.5 %

Weight interests

0.02 %

-77.8 %

0.09 %

0%

0.09 %

0.14 %

-85.7 %

 

Return on capital

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Cash flow from the overall profitability

5.40 %

42.9 %

3.78 %

5.0 %

3.60 %

3.15 %

71.4 %

Rates of economic profitability

42.00 %

68.0 %

25.00 %

127.3 %

11.00 %

14.00 %

200.0 %

Financial profitability

962,277.00 %

25.9 %

764,291.00 %

17.7 %

649,617.00 %

78,144.00 %

1131.4 %

Return on investment

20.76 %

15.5 %

17.97 %

60.3 %

11.21 %

9.36 %

121.8 %

 

Management intermediate balances

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Turnover

4,022,399

24.8 %

3,224,070

23.9 %

2,601,386

542,248

641.8 %

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sales of goods

3,883,651

22.3 %

3,174,786

24.9 %

2,542,445

-

- Purchase of goods

2,233,513

-2.6 %

2,293,987

29.1 %

1,776,305

-

+/- Stock of goods variation

101,139

150.7 %

-199,300

-136.3 %

-84,347

-

Trading margin

1,548,999 €

43.4 %

1,080,099 €

27.0 %

850,487 €

136,816 €

1032.2 %

38.51 % CA

15.0 %

33.50 % CA

2.5 %

32.69 % CA

30.30 % CA

27.1 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sale of goods produced

138,747

181.5 %

49,284

-16.4 %

58,941

-

+/- Stocked production

0

0%

0

0%

0

-

+ Self-constructed assets

0

0%

0

0%

0

-

Period production

138,747 €

181.5 %

49,284 €

-16.4 %

58,941 €

42,592 €

225.8 %

3.45 % CA

125.5 %

1.53 % CA

-32.6 %

2.27 % CA

9.29 % CA

-62.9 %

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Trading margin

1,548,999

43.4 %

1,080,099

27.0 %

850,487

136,816

1032.2 %

+ Period Production

138,747

181.5 %

49,284

-16.4 %

58,941

42,592

225.8 %

- Purchase of raw materials

2,738

8.7 %

2,519

6.9 %

2,356

-

+/- Change in stocks of raw materiels

0

0%

0

0%

0

-

- Other external purchases and charges

798,047

39.0 %

574,341

8.9 %

527,225

-

Added value

886,961 €

60.5 %

552,523 €

45.5 %

379,847 €

142,369 €

523.0 %

22.05 % CA

28.6 %

17.14 % CA

17.4 %

14.60 % CA

24.07 % CA

-8.4 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Added value

886,961 €

60.5 %

552,523 €

45.5 %

379,847 €

142,369 €

523.0 %

+ Operating grants

0

0%

0

0%

2,350

-

- Tax, duty and similar payments

22,358

40.3 %

15,940

-9.6 %

17,636

-

- Personal charges

450,751

34.0 %

336,469

20.1 %

280,202

-

Gross operating surplus

413,852 €

106.8 %

200,114 €

137.2 %

84,359 €

18,981 €

2080.3 %

10.29 % CA

65.7 %

6.21 % CA

91.7 %

3.24 % CA

3.84 % CA

168.0 %

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Gross operating surplus

413,852 €

106.8 %

200,114 €

137.2 %

84,359 €

18,981 €

2080.3 %

+ Release of reserves and provisions

3,146

-92.5 %

42,172

158.5 %

16,316

-

+ Other operating income

10

-66.7 %

30

-99.9 %

20,900

-

- Depreciation/ Amortisation

114,849

1333.6 %

8,011

-16.2 %

9,556

-

- Other charges

500

-98.3 %

29,659

0%

0

-

Operating result

301,659 €

47.4 %

204,646 €

82.7 %

112,019 €

12,325 €

2347.5 %

7.50 % CA

18.1 %

6.35 % CA

47.3 %

4.31 % CA

2.58 % CA

190.7 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Operating result

301,659 €

47.4 %

204,646 €

82.7 %

112,019 €

12,325 €

2347.5 %

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

0

0%

0

0%

0

-

+ Financial income

4,878

-28.4 %

6,817

95.9 %

3,479

-

- Financial charges

646

-77.3 %

2,851

23.2 %

2,315

-

Pre-tax result

305,891 €

46.6 %

208,612 €

84.3 %

113,183 €

11,797 €

2493.0 %

7.60 % CA

17.5 %

6.47 % CA

48.7 %

4.35 % CA

2.46 % CA

208.9 %

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Extraordinary income

0

0%

606

0%

0

78

0%

- Extraordinary charges

2,443

-38.2 %

3,954

0%

0

-

Extraordinary result

-2,443 €

27.0 %

-3,348 €

0%

0 €

0 €

0%

-0.06 % CA

40.0 %

-0.10 % CA

0%

0.00 % CA

0.00 % CA

0%

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Pre-tax result

305,891 €

46.6 %

208,612 €

84.3 %

113,183 €

11,797 €

2493.0 %

Extraordinary result

-2,443 €

27.0 %

-3,348 €

0%

0 €

0 €

0%

- Employee profit sharing

0

0%

0

0%

0

-

- Tax on profits

100,457

53.2 %

65,590

126.0 %

29,020

-

Net result

202,991 €

45.3 %

139,674 €

66.0 %

84,163 €

10,990 €

1747.1 %

5.05 % CA

16.6 %

4.33 % CA

33.6 %

3.24 % CA

2.00 % CA

152.5 %

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.09

UK Pound

1

Rs.101.04

Euro

1

Rs.70.86

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

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.