MIRA INFORM REPORT

 

 

Report No. :

345949

Report Date :

20.10.2015

 

IDENTIFICATION DETAILS

 

Name :

ADEL

 

 

Registered Office :

29 Bd Charles De Gaulle 69150 Decines Charpieu

 

 

Country :

France

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

January 1956

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Cutting, stamping 

 

[Note: We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employee :

50 to 99 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

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 and summary

 

Name

ADEL

Acronym

-

Trade name

-

Status

Economically active

Postal Address

ADEL
29 BD CHARLES DE GAULLE
69150 DECINES CHARPIEU

Share Capital

591,151 Euros

Telephone

04 72 14 68 10

Activity (APE)

Cutting, stamping  (2550B)

RCS Registration

RCS Lyon B 956 507 164

Formation Date

01/1956

EUR VAT Number

FR89956507164

Deregistration Date

-

Last account Date

31/12/2013

Court Registry Number

19 5 6B00716

Incorporiation Date

06/1956

Registration Court

Lyon (69)

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

31/12/2013

11,209,045 €

0.18% Turnover

3,760,871 €

268,650 €

50 to 99 employees

31/12/2012

11,743,073 €

0.21% Turnover

3,492,220 €

-50,497 €

50 to 99 employees

31/12/2011

12,585,911 €

2.47% Turnover

3,542,717 €

145,856 €

50 to 99 employees

 

 

Trends

 

Profitability

Liquidity

Net Worth

 

 

Directors

 

Current Directors

2

 

 

Ultimate Holding Company

 

Name

Country

Company Number

GROUPE ADEL

379675226

Affiliation links.

 

 

Judgment and Preferential

 

Judgment

No judgement

Preferential Right

No social security and tax office preferential right to date

 

 

Establishment Details

 

Type of Establishment

Head Office

Production Role

-

APE/NAF Code

2550B

Activity

Cutting, stamping

Formation Date

09/1989

Reason for Formation

Formation

Closure Date

-

Reason for Closure

Other

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

Other

Trading Address

29 BOULEVARD CHARLES DE GAULLE
69150 DECINES CHARPIEU

Department

Rhône (69)

Location Surface

-

District

1

City

DECINES CHARPIEU

Status

Economically active

Business Pages FT®

DECOUPAGE ET EMBOUTISSAGE

Region

Rhône-Alpes

Area

44

Size of Urban Area

Urban unit with 200 000 to 1 999 999 inhabitants

 

 

Ultimate Parent(s)

 

1 ultimate parent company/companies for this company

Company Name

Activity (APE)

APE/NAF Code

City

Post Code

GROUPE ADEL

Activities of holding companies

6420Z

DECINES CHARPIEU

69150

 

 

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

ADEL

Head Office

2550B

Cutting, stamping

DECINES CHARPIEU

69150

ADEL

Branch

2550B

Cutting, stamping

DECINES CHARPIEU

69150

 

 

Workforces

 

Workforce at address

50 to 99 employees

Company workforce

50 to 99 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 decrease of tangible fixed assets over the last two accounting periods is 10 %

The net turnover is below the average of its class

The net current assets are 3,792,656 €

The liabilities are 2,645,748 €

High risk workforce size

The return on total assets employed is 1.76

The stock to turnover ratio is 12.05

The sales to current assets ratio is 2.96

The pre-tax profit is 112,709 €

The total assets are 6,406,623 €

The risk provisions are 0 €

The company has 2 director(s)

Department code with medium risk rating

Industry code with low risk rating

The decrease in the gearing percentage over the last two accounting periods is 48 %

The creditor days are 35.82

The ratio total assets to total liabilities is 2.42

The shareholder's equity is 3,760,871 €

 

 

Industry comparison

 

Activity (APE)

Cutting, stamping (2550B)

Industry average credit rating

54

Industry average credit limit

53,122

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

SUMMARY OF PREFERENTIAL RIGHTS

 

Company monitored since

14/06/2013

Status of Monitoring

No social security and tax office preferential right to date

 

 

GROUP DATA

 

Ultimate parent company

GROUPE ADEL

Direct parent

GROUPE ADEL - 100 %

Group – Number of companies

2

Linkages – Number of companies

-

Number of countries

-

 

 

 

Name

SIREN

Parts

Last account published

1

GROUPE ADEL

379675226

-

31/12/2013

2

ADEL

956507164

100 %

31/12/2013

 

 

Linkages

 

No Linkages information available for the company.

 

 

Director(s)

 

Name

M. ADELHANOFF PHILLIPPE

 

Manager position

President

Date of birth

10/03/1956

 

Place of birth

OULLINS(69)

 

Type

Individual

Name at birth

 

 

Name

M. ADELHANOFF YVES

Manager position

Managing director

Date of birth

06/04/1959

Place of birth

OULLINS(69)

Type

Individual

Name at birth

 

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

President

M. ADELHANOFF PHILIPPE

10/03/1956 - OULLINS

Managing director

M. ADELHANOFF PHILIPPE

10/03/1956 - OULLINS

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

11/09/2014

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

6713 - 956507164 RCS. ADEL. Forme : Société par Actions Simplifiée. Adresse : 29 boulevard Charles de Gaulle 69150 Décines-Charpieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

15/11/2013

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

12474 - 956507164 RCS. ADEL. Forme : Société par Actions Simplifiée. Adresse : 29 boulevard Charles de Gaulle 69150 Décines-Charpieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.

28/09/2012

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

9259 - 956507164 RCS. ADEL. Forme : Société par Actions Simplifiée. Adresse : 29 boulevard Charles de Gaulle 69150 Décines-Charpieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.

09/12/2011

Bodacc B

Modification et mutation diverse

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

1535 - 956 507 164 RCS Lyon. ADEL. Forme : Société par Actions Simplifiée. Capital : 591151 EUR. Activité : .
Commentaires : Modification du capital.

24/10/2011

JAL

Modification of the share capital

Petites Affiches Lyonnaises (Les)


Date de décision : 30/09/2011
La société : 956507164 - ADEL, 29 BD CHARLES DE GAULLE, 69150 DECINES CHARPIEU a subi une augmentation de son capital social désormais de 591 151 €
Date d'effet : 30/09/2011

12/11/2010

Bodacc B

Modification et mutation diverse

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

1564 - 956 507 164 RCS Lyon. ADEL. Forme : Société par Actions Simplifiée. Administration : Société à responsabilité limitée COMPAGNIE EUROPEENNE D'AUDIT n'est plus commissaire aux comptes titulaire. CARRIER Roland nom d'usage : CARRIER n'est plus commissaire aux comptes suppléant. NOVANCES - DECHANT & Associés devient commissaire aux comptes titulaire. JOURDAN Pascal nom d'usage : JOURDAN devient commissaire aux comptes suppléant.
Commentaires : Modification de l'administration.

28/10/2010

Bodacc B

Modification et mutation diverse

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

2213 - 956 507 164 RCS Lyon. ADEL. Forme : Société par Actions Simplifiée. Capital : 587308 EUR.
Commentaires : Modification du capital.

28/10/2010

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

9994 - 956507164 RCS. ADEL. Forme : Société par Actions Simplifiée. Adresse : 52 rue Élisée Reclus 69150 Décines-Charpieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

12/09/2010

JAL

Modification of the share capital

PETITES AFFICHES LYONNAISES


Date de décision : 15/06/2010
La société : 956507164 - ADEL, 52 RUE ELYSEE RECLUS, 69150 DECINES CHARPIEU a subi une augmentation de son capital social désormais de 587 308 €

29/10/2009

Bodacc B

Modification et mutation diverse

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

1461 - 956 507 164 RCS Lyon. ADEL. Forme : Société par Actions Simplifiée. Capital : 579622 EUR.
Commentaires : Modification du capital.

01/10/2009

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

5662 - 956507164 RCS. ADEL. Forme : Société par Actions Simplifiée. Adresse : 52 rue Élisée Reclus 69150 Décines-Charpieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

22/10/2008

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

6266 - 956507164 RCS. ADEL. Forme : Société par Actions Simplifiée. Adresse : 52 rue Élisée Reclus 69150 Décines-Charpieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

04/03/2008

Bodacc C

Comptes annuels et rapports

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

2994 - 956507164 RCS. ADEL. Forme : société par actions simplifiée. Adresse : 52 rue Élisée Reclus 69150 Décines-Charpieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.

24/11/2006

Bodacc C

Avis de dépôt des comptes

8175 - RCS Lyon B 956 507 164. RC 56-B 716. ADEL. Forme: S.A.S. Adresse du siège social: 52, Rue Elisee Reclus,69150 Decines. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

14/10/2005

Bodacc C

Avis de dépôt des comptes

3371 - RCS Lyon B 956 507 164. RC 56-B 716. ADEL. Forme: société par actions simplifiée. Adresse du siège social: 52, Rue Elisee Reclus,69150 Decines. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

28/01/2003

Bodacc B

Modifications et mutations diverses

RCS Lyon 956507164 RC 56-B 00716 ADEL. Forme : S.A.S. Adresse du siège social : 52 rue Elisée-Reclus, 69150 Décines- Charpieu. Administration : nouveau directeur général : ADELHANOFF ( Philippe), déjà président. Ancien directeur général : ADELHANOFF ( Philippe).

25/10/2002

Bodacc B

Modifications et mutations diverses

RCS Lyon 956507164 RC 56-B 00716 ADEL. Forme : S.A.S. Capital : 571 936 euros. Adresse du siège social : 52 rue Elisée- Reclus, 69150 Décines-Charpieu. Commentaires : modification survenue sur la forme juridique et le capital. Administration : nomination d'un président : ADELHANOFF (Yves), ancien président du conseil d'administration. Nomination d'un directeur général : ADELHANOFF (Philippe), ancien directeur général délégué. Ancien administrateur : ADELHANOFF (Jean). Nouvel administrateur : GUGLIELMO (Thierry).

28/07/2002

Bodacc B

Modifications et mutations diverses

RCS Lyon 956507164 RC 56-B 00716 ADEL. Forme : S.A. à conseil d'administration. Adresse du siège social : 52 rue Elisée- Reclus, 69150 Décines. Administration : nouveau président du conseil d' administration : ADELHANOFF (Yves), ancien directeur général et administrateur. Nouveau directeur général délégué : ADELHANOFF (Phillippe) ancien président du conseil d' administration. Commentaires : modification survenue sur la forme juridique.

23/01/2001

Bodacc B

Modifications et mutations diverses

RCS Lyon 956507164 RC 56-B 00716 ADEL. Forme : S.A. Capital : 3 750 400 F. Adresse du siège social : 52 rue Elisée-Reclus, 69150 Décines-Charpieu. Administration : nouvel administrateur : GUGLIELMO ( Thierry). Date d'effet : 30 juin 2000.

05/05/2000

Bodacc B

Modifications et mutations diverses

RCS Lyon 956507164 RC 56-B 00716 ADEL. Forme : S.A. Capital : 3 750 400 F. Adresse du siège social : 52 rue Elysée-Reclus, 69150 Décines. Administration : nouveau directeur général : ADELHANOFF (Yves). Date d'effet : 11 février 2000.

14/09/1999

Bodacc B

Modifications et mutations diverses

956507164. RCS Lyon. A dater du: 5 juin 1956 RC 56-B 716 ADEL. Forme : S.A. Capital : 3 750 400 F. Adresse du siège social : 52, rue Elysée-Reclus, 69150 Décines-Charpieu. Administration : ancien commissaire aux comptes titulaire : PARISI (Henri) nouveau commissaire aux comptes titulaire : COMPAGNIE EUROPEENNE D'AUDIT S.A.R.L. Date d'effet : 24 juin 1999.

27/05/1999

Bodacc A

Création d'établissement

956 507 164. RCS Lyon. ADEL S.A. Forme : S.A. Capital : 3 750 400 F. Adresse du siège social : 52 rue Elisée-Reclus, 69150 Décines. Administration : président- directeur général : ADELHANOFF ( Philippe) Fonds principal acquis par achat, au prix stipulé de 800 000 F Etablissement principal: Activité : fabrication de raccords inox dépendant d'un fonds de commerce de chaudronnerie , tuyauterie industrielle, fabrication d'accessoires et raccords en inox et métaux spéciaux, vente de produits industriels, étude et réalisation industrielle. Adresse : 98 rue du Dauphiné, 69800 Saint-Priest. Date d'effet : 24 février 1999 Précédente propriétaire-exploitante représentée par Me Bauland, liquidateur judiciaire A.R.S.P. 388 778 573. RCS Lyon. Publication légale: Les Affiches lyonnaises du 21 au 23 avril 1999. Oppositions : Me Bauland, 40 rue de Bonnel, 69003 Lyon.

27/03/1999

Bodacc A

Création d'établissement

RCS Lyon B 398 205 591 S.A.R.L. MAT INOX. Forme : S.A.R.L. Capital : 150 000 F. Adresse du siège social : 49 avenue Franklin-Roosevelt 691540 Décines Etablissement principal: Activité : fabrication, vente de petit matériel et ustensiles pour laboratoires de boulangerie, de patisserie et de métiers de bouche. Adresse : 52 rue Elysées-Reclus 69150 Décines Branche d' activité de petit matériel dépendant de l'établissement principal acquise par achat au prix stipulé de 90 000 F, à l' exclusion de tout droit au bail. Date d'effet : 1er février 1999. Précédent propriétaire : ADEL S.A. RCS Lyon B 956 507 164 Publication légale: Le Tout Lyon et le Moniteur judiciaire réunis du 4 mars 1999. Oppositions : au siège de l'acquéreur.

14/09/1998

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social 956507164. RCS Lyon. RC 56-b 716 nicromac. Forme : S.A. Capital : 3 750 400 F. Adresse : 52, rue Elisée-Reclus, 69150 Décines-Charpieu Nouvelle situation du siège social dénomination: adel. Commentaires : capital porté à 3 750 400 F. Date d'effet : 30 juin 1998.

 

 

Company events history

 

Date

Description

11/09/2014

Bodacc C : Deposit accounts notice

05/09/2014

New ultimate parent

05/09/2014

New parent detected

03/09/2014

03/09/2014

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

31/12/2013

New accounts available

15/11/2013

Bodacc C : Deposit accounts notice

19/10/2013

19/10/2013

11/10/2013

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

17/07/2013

17/07/2013

14/06/2013

Collection of preferential rights activated for this company

31/12/2012

New accounts available

28/09/2012

Bodacc C : Deposit accounts notice

14/09/2012

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

31/12/2011

New accounts available

09/12/2011

Bodacc B: Various editing or changing

16/11/2011

Amendment

16/11/2011

Minutes of general meeting of shareholders

16/11/2011

Updated articles of association

16/11/2011

Audit or Management Report

30/09/2011

Legal Gazette: Modification of the share capital

30/09/2011

Other modification of Establishment

19/07/2011

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

11/02/2011

Minutes of general meeting of shareholders

11/02/2011

Updated articles of association

31/12/2010

New accounts available

12/11/2010

Bodacc B: Various editing or changing

28/10/2010

Bodacc C : Deposit accounts notice

28/10/2010

Bodacc B: Various editing or changing

14/10/2010

Amendment

20/09/2010

Audit or Management Report

20/09/2010

Updated articles of association

20/09/2010

Minutes of general meeting of shareholders

30/06/2010

Transfer of Establishment

30/06/2010

Modification to Establishment Address or Identifier

30/06/2010

Update of Company Head Office Identifier

15/06/2010

Legal Gazette: Modification of the share capital

31/12/2009

New accounts available

29/10/2009

Bodacc B: Various editing or changing

01/10/2009

Bodacc C : Deposit accounts notice

30/09/2009

Updated articles of association

30/09/2009

Minutes of general meeting of shareholders

30/09/2009

Audit or Management Report

15/06/2009

Other modification of Establishment

31/12/2008

New accounts available

22/10/2008

Bodacc C : Deposit accounts notice

04/03/2008

Bodacc C : Deposit accounts notice

31/12/2007

New accounts available

31/12/2006

New accounts available

31/12/2005

New accounts available

31/12/2004

New accounts available

31/12/2003

New accounts available

21/11/2002

Appointment/resignation of company officers

21/11/2002

Minutes of general meeting of shareholders

21/11/2002

Private document

13/09/2002

Appointment/resignation of company officers

13/09/2002

Capital increase

13/09/2002

Minutes of general meeting of shareholders

13/09/2002

New legal form – no new category

13/09/2002

Updated articles of association

13/09/2002

Private document

19/06/2002

Private document

19/06/2002

Audit or Management Report

12/06/2002

Application and court order

04/06/2002

Appointment/resignation of company officers

04/06/2002

Changes to the Board of Directors

04/06/2002

Minutes of Board meeting

04/06/2002

Private document

15/12/2000

Amendment

15/12/2000

Appointment/resignation of company officers

15/12/2000

Changes to the Board of Directors

15/12/2000

Minutes of general meeting of shareholders

15/12/2000

Private document

23/03/2000

Appointment/resignation of company officers

23/03/2000

Amendment

23/03/2000

Changes to the Board of Directors

23/03/2000

Private document

23/03/2000

Minutes of Board meeting

03/08/1999

Private document

03/08/1999

Minutes of general meeting of shareholders

03/08/1999

New auditor

03/08/1999

Amendment

31/07/1998

Minutes of general meeting of shareholders

31/07/1998

Declaration of conformity

31/07/1998

Capital increase

31/07/1998

Articles of association

31/07/1998

New company name

31/07/1998

Private document

31/07/1998

Spin-off

31/07/1998

Updated articles of association

31/07/1998

Amendment

22/06/1998

Private document

22/06/1998

Amendment

22/06/1998

Audit or Management Report

15/06/1998

Planned merger

15/06/1998

Private document

15/06/1998

Amendment

27/04/1998

Application and court order

27/04/1998

Appointment/resignation of company officers

17/08/1992

Amendment

17/08/1992

Minutes of general meeting of shareholders

 

Synthesized Accounts

 

Annual Accounts

31/12/2013

31/12/2012

31/12/2011

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

02/09/2014

10/10/2013

13/09/2012

Activity Code

2550B

2550B

2550B

Employees

0

0

0

 

 

Active account

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

2,613,966

-4.3 %

2,731,310

5.0 %

2,601,128

177,466

1372.9 %

Intangible assets

1,540,076

0.0 %

1,539,735

0%

1,539,735

4,780

32122.5 %

Tangible assets

1,015,859

-10.4 %

1,133,546

12.3 %

1,009,826

121,159

738.5 %

Financial assets

58,026

0.0 %

58,027

12.5 %

51,567

5,113

1035.0 %

Net current assets

3,792,656

-13.0 %

4,357,084

23.2 %

3,535,315

879,985

331.0 %

Stocks

1,351,103

21.0 %

1,116,488

52.0 %

734,327

159,615

746.5 %

Advanced payments

345

0%

0

0%

8,713

0

0%

Receivables

2,310,965

-7.9 %

2,510,141

-2.7 %

2,578,680

395,522

484.3 %

Securities and cash

130,241

-82.2 %

730,454

242.0 %

213,595

121,208

7.5 %

Prepaid expenses

-

-

-

-

-

1,114

-

Accounts of regularization

0

0%

0

0%

0

0

0%

Total Assets

6,406,623

-9.6 %

7,088,395

15.5 %

6,136,443

1,176,012

444.8 %

 

 

Passive Account

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Shareholders' equity

3,760,871

7.7 %

3,492,220

-1.4 %

3,542,717

474,110

693.2 %

Share capital

591,151

0%

591,151

0%

591,151

100,000

491.2 %

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

0

0%

68,300

136.3 %

28,903

0

0%

Liabilities

2,645,748

-25.0 %

3,527,873

37.5 %

2,564,823

513,230

415.5 %

Financial liabilities

971,812

-41.4 %

1,659,462

37.9 %

1,203,007

100,193

869.9 %

Advanced payments received

0

0%

0

0%

0

0

0%

Trade account payables

1,099,910

-18.3 %

1,346,413

52.5 %

882,900

195,847

461.6 %

Tax and social liabilities

570,637

12.6 %

506,715

7.5 %

471,233

144,759

294.2 %

Other debts and fixed assets liabilities

3,387

-77.8 %

15,281

98.9 %

7,681

4,423

-23.4 %

Account regularization

0

0%

0

0%

0

0

0%

Total liabilities

6,406,619

-9.6 %

7,088,393

15.5 %

6,136,444

1,176,012

444.8 %

 

 

Results

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Sales of Goods

11,751,947

-2.1 %

12,001,328

-6.4 %

12,823,338

1,786,844

557.7 %

Net turnover

11,209,045

-4.5 %

11,743,073

-6.7 %

12,585,911

1,773,392

532.1 %

of which net export turnover

3,332,612

-19.9 %

4,158,795

-17.1 %

5,017,482

0

0%

Operating charges

12,152,655

-1.8 %

12,377,977

-1.7 %

12,598,020

1,711,947

609.9 %

Operating profit/loss

-400,708

-6.4 %

-376,648

-267.2 %

225,317

40,545

-1088.3 %

Financial income

1,757

258.6 %

490

-94.0 %

8,214

717

145.2 %

Financial charges

44,901

5.7 %

42,470

-10.5 %

47,437

3,864

1062.2 %

Financial profit/loss

-43,143

-2.8 %

-41,980

-7.0 %

-39,222

-1,505

-2767.6 %

Pretax net operating income

-443,852

-6.0 %

-418,628

-325.0 %

186,094

39,872

-1213.2 %

Extraordinary income

666,044

1183.2 %

51,903

-95.0 %

1,030,548

3,311

20016.1 %

Extraordinary charges

109,483

19.3 %

91,769

-90.8 %

993,772

1,137

9533.3 %

Extraordinary profit/loss

556,561

1496.1 %

-39,866

-208.4 %

36,776

0

0%

Net result

268,650

632.0 %

-50,497

-134.6 %

145,856

39,985

571.9 %

 

 

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

6,406,623

-9.6 %

7,088,395

15.5 %

6,136,443

Gross

CO

10,959,177

-1.9 %

11,174,869

10.7 %

10,094,322

Amortisation

1A

4,552,554

11.4 %

4,086,474

3.2 %

3,957,879

 

 

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

2,613,966

-4.3 %

2,731,310

5.0 %

2,601,128

Gross

BJ

6,789,862

2.2 %

6,641,427

4.9 %

6,331,601

Amortisation

BK

4,175,896

6.8 %

3,910,117

4.8 %

3,730,473

 

 

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

341

0%

0

0%

0

Gross

AF

76,729

5.8 %

72,492

0%

72,492

Amortisation

AG

76,388

5.4 %

72,492

0%

72,492

Goodwill

Net

1,539,735

0%

1,539,735

0%

1,539,735

Gross

AH

1,539,735

0%

1,539,735

0%

1,539,735

Amortisation

AI

0

0%

0

0%

0

Other intangible fixed assets

Net

0

0%

0

0%

0

Gross

AJ

0

0%

0

0%

0

Amortisation

AK

0

0%

0

0%

0

Pre-payments and downpayments

Net

0

0%

0

0%

0

Gross

AL

0

0%

0

0%

0

Amortisation

AM

0

0%

0

0%

0

Sub Total Intangible asset

Net

1,540,076

0.0 %

1,539,735

0%

1,539,735

 

 

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

176,005

-17.6 %

213,478

-15.0 %

251,170

Gross

AP

999,522

0%

999,522

0%

999,522

Amortisation

AQ

823,516

4.8 %

786,043

5.0 %

748,352

Plant

Net

761,063

-10.0 %

845,917

297.2 %

212,991

Gross

AR

3,671,424

2.8 %

3,572,991

28.6 %

2,777,659

Amortisation

AS

2,910,360

6.7 %

2,727,074

6.3 %

2,564,668

Other tangible fixed assets

Net

78,791

6.3 %

74,151

6.8 %

69,460

Gross

AT

444,157

11.5 %

398,394

-3.8 %

414,155

Amortisation

AU

365,366

12.7 %

324,242

-5.9 %

344,695

Fixed assets in construction

Net

0

0%

0

0%

476,205

Gross

AV

0

0%

0

0%

476,205

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

1,015,859

-10.4 %

1,133,546

12.3 %

1,009,826

 

 

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

762

-0.1 %

763

0%

763

Gross

BD

1,029

0%

1,029

0%

1,029

Amortisation

BE

266

0%

266

0%

266

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

57,264

0%

57,264

12.7 %

50,804

Gross

BH

57,264

0%

57,264

12.7 %

50,804

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

58,026

0.0 %

58,027

12.5 %

51,567

 

 

Current Assets (III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Current Assets

Net

3,792,656

-13.0 %

4,357,084

23.2 %

3,535,315

Gross

CJ

4,169,315

-8.0 %

4,533,442

20.5 %

3,762,721

Amortisation

CK

376,658

113.6 %

176,357

-22.4 %

227,406

 

 

Stocks

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Raw materials

Net

221,267

-46.5 %

413,335

77.1 %

233,435

Gross

BL

228,950

-46.2 %

425,728

79.8 %

236,727

Amortisation

BM

7,683

-38.0 %

12,393

276.5 %

3,292

Work in progress (goods)

Net

1,129,836

60.7 %

703,153

40.4 %

500,892

Gross

BN

1,151,529

61.8 %

711,518

34.8 %

527,923

Amortisation

BO

21,693

159.3 %

8,365

-69.1 %

27,031

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

0

0%

0

0%

0

Gross

BT

0

0%

0

0%

0

Amortisation

BU

0

0%

0

0%

0

Sub Total Stocks

Net

1,351,103

21.0 %

1,116,488

52.0 %

734,327

 

 

Advance payments to suppliers

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Advance payments to suppliers

Net

345

0%

0

0%

8,713

Gross

BV

345

0%

0

0%

8,713

Amortisation

BW

0

0%

0

0%

0

 

 

Debtors

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Trade accounts receivable

Net

1,982,077

-8.4 %

2,165,004

-9.2 %

2,383,831

Gross

BX

2,329,360

0.4 %

2,320,603

-10.1 %

2,580,914

Amortisation

BY

347,282

123.2 %

155,599

-21.0 %

197,083

Other debtors

Net

148,137

-6.5 %

158,485

125.9 %

70,144

Gross

BZ

148,137

-6.5 %

158,485

125.9 %

70,144

Amortisation

CA

0

0%

0

0%

0

Capital subscribed and called up

Net

0

0%

0

0%

0

Gross

CB

0

0%

0

0%

0

Amortisation

CC

0

0%

0

0%

0

Sub Total debtors

Net

2,130,214

-8.3 %

2,323,489

-5.3 %

2,453,975

 

 

Divers

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Investment securities

Net

0

0%

0

0%

36,059

Gross

CD

0

0%

0

0%

36,059

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

130,241

-82.2 %

730,454

311.4 %

177,536

Gross

CF

130,241

-82.2 %

730,454

311.4 %

177,536

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

130,241

-82.2 %

730,454

242.0 %

213,595

 

 

Prepaid expenses

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Prepaid expenses

Net

180,751

-3.2 %

186,652

49.7 %

124,705

Gross

CH

180,751

-3.2 %

186,652

49.7 %

124,705

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

578,808

211.1 %

186,030

-47.1 %

351,964

 

 

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

6,406,619

-9.6 %

7,088,393

15.5 %

6,136,444

 

 

Shareholder Equity (I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total shareholders' equity (Total I)

DL

3,760,871

7.7 %

3,492,220

-1.4 %

3,542,717

Equity and shareholders' equity

DA

591,151

0%

591,151

0%

591,151

Issue and merger premiums

DB

2,673,802

0%

2,673,802

0%

2,673,802

Revaluation differentials

DC

0

0%

0

0%

0

Of which equity differential

EK

0

0%

0

0%

0

Legal reserve

DD

59,115

0%

59,115

0.7 %

58,730

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

168,152

-23.1 %

218,649

198.8 %

73,177

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

0

0%

0

0%

0

Profit or loss for the period

DI

268,650

632.0 %

-50,497

-134.6 %

145,856

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

0

0%

68,300

136.3 %

28,903

Risk provisions

DP

0

0%

68,300

136.3 %

28,903

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

2,645,748

-25.0 %

3,527,873

37.5 %

2,564,823

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

954,523

-7.2 %

1,028,697

18.4 %

869,171

Sundry loans and financial liabilities

DV

17,289

-97.3 %

630,765

88.9 %

333,836

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

1,099,910

-18.3 %

1,346,413

52.5 %

882,900

Tax and social security liabilities

DY

570,637

12.6 %

506,715

7.5 %

471,233

Fixed asset liabilities

DZ

0

0%

0

0%

0

Other debts

EA

3,387

-77.8 %

15,281

98.9 %

7,681

 

 

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

2,009,149

-25.8 %

2,709,085

47.6 %

1,834,823

Of which current bank facilities

EH

34,205

4592.0 %

729

25.3 %

582

 

 

Result account

 

1 - Operating result (I-II)

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating result (Total I-II)

GG

-400,708

-6.4 %

-376,648

-267.2 %

225,317

 

 

2 - Financial result (V-VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Financial result (Total V-VI)

GV

-43,143

-2.8 %

-41,980

-7.0 %

-39,222

 

 

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

-443,852

-6.0 %

-418,628

-325.0 %

186,094

 

 

4 - Extraordinary result (VII-VIII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Extraordinary result (Total VII-VIII)

HI

556,561

1496.1 %

-39,866

-208.4 %

36,776

 

 

Profit or loss

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Profit or loss

HN

268,650

632.0 %

-50,497

-134.6 %

145,856

 

 

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

12,419,749

3.0 %

12,053,722

-13.0 %

13,862,100

 

 

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

12,151,099

0.4 %

12,104,219

-11.8 %

13,716,244

 

 

Operating income (I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total operating income (Total I)

FR

11,751,947

-2.1 %

12,001,328

-6.4 %

12,823,338

 

 

Operating income (details)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

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

11,145,268

-4.8 %

11,710,798

-6.7 %

12,553,561

France

FD

7,816,756

3.4 %

7,561,849

0.2 %

7,544,352

Export

FE

3,328,512

-19.8 %

4,148,949

-17.2 %

5,009,208

Sale of services

FI

63,777

97.6 %

32,274

-0.2 %

32,350

France

FG

59,677

166.1 %

22,428

-6.8 %

24,076

Export

FH

4,100

-58.4 %

9,846

19.0 %

8,274

Net turnover

FL

11,209,045

-4.5 %

11,743,073

-6.7 %

12,585,911

France

FJ

7,876,433

3.9 %

7,584,278

0.2 %

7,568,429

Export

FK

3,332,612

-19.9 %

4,158,795

-17.1 %

5,017,482

Stocked production

FM

440,011

139.7 %

183,595

200.6 %

61,070

Self-constructed assets

FN

0

0%

0

0%

55,459

Operating grants

FO

0

0%

0

0%

0

Release of reserves and provisions

FP

102,888

37.8 %

74,658

-38.2 %

120,896

Other income

FQ

2

0%

2

0%

0

 

 

Operating charges (II)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total operating charges (Total II)

GF

12,152,655

-1.8 %

12,377,977

-1.7 %

12,598,020

 

 

Exploitation charges

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Purchase of goods for resale

FS

0

0%

0

0%

0

Change in stocks of goods for resale

FT

0

0%

0

0%

0

Purchase of raw materials

FU

5,260,578

-10.3 %

5,862,912

-7.9 %

6,362,835

Change in stocks of raw materials

FV

196,778

204.1 %

-189,001

-33.1 %

-142,028

Other external purchases and charges

FW

2,782,781

-5.6 %

2,947,629

-3.7 %

3,061,012

Tax, duty and similar payments

FX

278,218

0.2 %

277,686

-0.1 %

278,064

Payroll

FY

2,158,138

5.6 %

2,044,400

4.1 %

1,963,102

Social security costs

FZ

951,964

-0.6 %

958,046

10.3 %

868,733

 

 

Depreciation

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Depreciation of fixed assets

GA

316,408

35.8 %

232,968

70.8 %

136,367

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

207,785

2183.1 %

9,101

-87.0 %

69,930

Provisions for risks and charges

GD

0

0%

68,300

0%

0

 

 

Other charges

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Other charges

GE

2

-100.0 %

165,932

16593100.0 %

1

 

 

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

1,757

258.6 %

490

-94.0 %

8,214

Share financial income

GJ

0

0%

0

0%

0

Other investment income & capitalised receivables

GK

0

0%

0

0%

3,426

Other interest and similar income

GL

0

0%

0

0%

1

Released provisions and transferred charges

GM

0

0%

0

0%

0

Exchange gains

GN

1,757

1201.5 %

135

0%

0

Net income from disposal of investment securities

GO

0

0%

355

-92.6 %

4,787

 

 

Financial charge (VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total financial charge (Total VI)

GU

44,901

5.7 %

42,470

-10.5 %

47,437

Financial reserves and provisions

GQ

0

0%

0

0%

0

Interest and similar charges

GR

43,978

4.6 %

42,052

-11.4 %

47,437

Exchange losses

GS

922

120.6 %

418

0%

0

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

666,044

1183.2 %

51,903

-95.0 %

1,030,548

Extraordinary operating income

HA

666,044

13220.9 %

5,000

-76.4 %

21,196

Extraordinary income from capital transactions

HB

0

0%

18,000

-98.2 %

1,003,671

Released provisions and transferred charges

HC

0

0%

28,903

408.8 %

5,681

 

 

Extraordinary charges (VIII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total extraordinary charges (Total VIII)

HH

109,483

19.3 %

91,769

-90.8 %

993,772

Extraordinary operating charges

HE

109,483

22.0 %

89,769

2794.8 %

3,101

Extraordinary charges from capital transactions

HF

0

0%

2,000

-99.8 %

990,671

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

-155,941

61.8 %

-407,997

-629.8 %

77,014

 

 

References

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Of which equipment leases

HP

250,966

37.3 %

182,837

748.5 %

21,549

Of which property leases

HQ

0

0%

0

0%

0

Of which transferred charges

A1

27,103

86.8 %

14,509

-85.3 %

98,749

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

0

0%

530,568

0%

0

Gross value at the end of period

OL

0

0%

6,641,431

0%

0

 

 

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

0

0%

1,612,228

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%

1,612,228

0%

0

 

 

Tangible fixed assets (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

LN

0

0%

4,667,543

0%

0

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

0

0%

832,894

0%

0

Decreasess by budget item transfer

NG1

0

0%

0

0%

0

Decreasess by transfers

NG2

0

0%

529,528

0%

0

Gross value at the end of period

NH

0

0%

4,970,909

0%

0

 

 

Financial assets (Total IV)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

LQ

0

0%

51,834

0%

0

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

0

0%

7,500

0%

0

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

0

0%

1,040

0%

0

Gross value at the end of period

NK

0

0%

58,294

0%

0

 

 

Reserve for depreciation

 

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

 

31/12/2013

Variation

31/12/2012

Variation

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

72,493

0%

72,493

0%

0

Increases

PF

3,896

0%

0

0%

0

Decreasess

PG

0

0%

0

0%

0

Decreasess by budget item transfer

PH

76,389

5.4 %

72,493

0%

0

 

 

Total fixed assets amotisation (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Reserve for depreciation value at begin of period

QU

3,837,361

4.9 %

3,657,716

0%

0

Increases

QV

312,512

34.1 %

232,968

0%

0

Decreases

QW

50,630

-5.1 %

53,323

0%

0

Decreasess by budget item transfer

QX

4,099,243

6.8 %

3,837,361

0%

0

 

 

Movements during period affecting charge allocated over several period

 

Deferred charges and debt issuance costs

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value at begin of period

Z91

0

0%

0

0%

0

Increases

Z92

0

0%

0

0%

0

Depreciation of fixed assets during period

Z9

0

0%

0

0%

0

Decreasess by budget item transfer

B1

0

0%

0

0%

0

 

 

Premium refund of obligations

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Net value at begin of period

SP1

0

0%

0

0%

0

Increases

SP2

0

0%

0

0%

0

Depreciation of fixed assets during period

SP

0

0%

0

0%

0

Net value at the end of period

SR

0

0%

0

0%

0

 

 

Provisions included in balance sheet

 

Grand Total (I-II-III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

7C

0

0%

0

0%

0

Increases

UB

0

0%

0

0%

0

Decreases

UC

0

0%

0

0%

0

Value at the end of period

UD

0

0%

0

0%

0

 

 

Includes Total allocations

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating

UE

0

0%

0

0%

0

Financial

UG

0

0%

0

0%

0

Exceptional

UJ

0

0%

0

0%

0

 

 

Includes Total Withdrawal

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating

UF

0

0%

0

0%

0

Financial

UH

0

0%

0

0%

0

Exceptional

UK

0

0%

0

0%

0

 

 

Total regulated provisions (Total I)

 

31/12/2013

Variation

31/12/2012

Variation

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

0

0%

0

0%

0

Decreases

TW

0

0%

0

0%

0

Value at the end of period

TX

0

0%

0

0%

0

 

 

Total Provision for depreciation (Total III)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Value at begining of period

7B

0

0%

0

0%

0

Increases

TY

0

0%

0

0%

0

Decreases

TZ

0

0%

0

0%

0

Value at the end of period

UA

0

0%

0

0%

0

 

 

State deadlines claims and debts at the end of period

 

State claims

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross value

VT

0

0%

2,723,007

0%

0

1 year at most

VU

0

0%

2,479,711

0%

0

More than one year

VV

0

0%

243,296

0%

0

 

 

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

0

0%

57,265

0%

0

Other financial assets (1 year at most)

UV

0

0%

0

0%

0

 

 

Receivables statement of assets

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Customers doubtful or disputed

VA

0

0%

2,320,604

0%

0

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%

0

0%

0

Social Security and other social organizations

UZ

0

0%

0

0%

0

Income taxes

VM

0

0%

0

0%

0

Value added tax

VB

0

0%

158,485

0%

0

Other taxes and payments assimilated

VN

0

0%

0

0%

0

State and other public - Miscellaneous

VP

0

0%

0

0%

0

Group and Associates

VC

0

0%

0

0%

0

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

VR

0

0%

0

0%

0

 

 

Prepaid

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Prepaid

VS

0

0%

186,653

0%

0

 

 

State Debt

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total debt (gross)

VY

0

0%

3,527,873

0%

0

1 year at most

VZ2

0

0%

2,709,085

0%

0

More than 1 year and 5 years at most

VZ3

0

0%

768,788

0%

0

More than 5 years

VZ4

0

0%

50,000

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%

729

0%

0

1 year at most

VG2

0

0%

729

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%

1,027,969

0%

0

1 year at most

VH2

0

0%

209,181

0%

0

More than 1 year and 5 years at most

VH3

0

0%

768,788

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%

1,346,413

0%

0

1 year at most

8B2

0

0%

1,346,413

0%

0

More than 1 year and 5 years at most

8B3

0

0%

1,346,413

0%

0

Personnel and associated accounts (gross)

8C1

0

0%

0

0%

0

1 year at most

8C2

0

0%

0

0%

0

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

0

0%

0

0%

0

1 year at most

8D2

0

0%

0

0%

0

More than 1 year and 5 years at most

8D3

0

0%

0

0%

0

Taxes on profits (gross)

8E1

0

0%

0

0%

0

1 year at most

8E2

0

0%

0

0%

0

More than 1 year and 5 years at most

8E3

0

0%

0

0%

0

VAT (Gross)

VW1

0

0%

506,716

0%

0

1 year at most

VW2

0

0%

506,716

0%

0

More than 1 year and 5 years at most

VW3

0

0%

0

0%

0

Backed Obligations (gross)

VX1

0

0%

0

0%

0

1 year at most

VX2

0

0%

0

0%

0

More than 1 year and 5 years at most

VX3

0

0%

0

0%

0

Other taxes and assimilated (gross)

VQ1

0

0%

0

0%

0

1 year at most

VQ2

0

0%

0

0%

0

More than 1 year and 5 years at most

VQ3

0

0%

0

0%

0

Assets and liabilities associated accounts (gross)

8J1

0

0%

0

0%

0

1 year at most

8J2

0

0%

0

0%

0

More than 1 year and 5 years at most

8J3

0

0%

0

0%

0

More than 5 years

8J4

0

0%

0

0%

0

Groups and associates (gross)

VI1

0

0%

630,765

0%

0

1 year at most

VI2

0

0%

630,765

0%

0

More than 1 year and 5 years at most

VI3

0

0%

0

0%

0

More than 5 years

V14

0

0%

0

0%

0

Other liabilities (gross)

8K1

0

0%

15,281

0%

0

1 year at most

8K2

0

0%

15,281

0%

0

More than 1 year and 5 years at most

8K3

0

0%

0

0%

0

Debt representative of borrowed securities (gross)

SZ1

0

0%

0

0%

0

1 year at most

SZ2

0

0%

0

0%

0

More than 1 year and 5 years at most

SZ3

0

0%

0

0%

0

Products in advance (gross)

8L1

0

0%

0

0%

0

1 year at most

8L2

0

0%

0

0%

0

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

 

 

References

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Loans made during the period

VJ

0

0%

293,000

0%

0

Debt repaid during the period

VK

0

0%

134,683

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

0

0%

0

0%

0

 

 

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

1.31

-4.4 %

1.37

2.2 %

1.34

1.56

-16.0 %

Global Debt

85 days

-21.3 %

108 days

47.9 %

73 days

106 days

-19.8 %

Working Capital Fund overall net

67 days

-11.8 %

76 days

22.6 %

62 days

81 days

-17.3 %

Financial independence

387.00 %

83.9 %

210.44 %

-28.5 %

294.49 %

318.55 %

21.5 %

Solvability

58.70 %

19.1 %

49.27 %

-14.7 %

57.73 %

45.13 %

30.1 %

Capacity debt futures

-

-

1,663.67 %

-

-

1,339.58 %

-

Coverage of current assets by net working capital overall

52.26 %

-8.7 %

57.24 %

-3.2 %

59.14 %

48.65 %

7.4 %

General Liquidity

-

-

0.92

-

-

0.90

-

Restricted Liquidity

-

-

1.18

-

-

1.27

-

 

 

Management or rotation

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Need background in operating working capital

58 days

20.8 %

48 days

-7.7 %

52 days

43 days

34.9 %

Treasury

3 days

-86.4 %

22 days

266.7 %

6 days

19 days

-84.2 %

Inventory turnover of goods

-

-

-

-

-

0 days

-

Average length of credit granted to customers

75 days

5.6 %

71 days

-4.1 %

74 days

66 days

13.6 %

Average length of credit obtained suppliers

48 days

-14.3 %

56 days

64.7 %

34 days

63 days

-23.8 %

Inventory turnover of raw materials in industrial enterprises

16 days

-38.5 %

26 days

100.0 %

13 days

59 days

-72.9 %

Inventory turnover of intermediate and finished products in the industrial enterprise

-

-

236 days

-

-

272 days

-

Rotation tangible assets

-

-

236.24 %

-

-

288.81 %

-

 

 

Profitability of the business

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Margin trading

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Profitability of the business

0.18 %

-14.3 %

0.21 %

-91.5 %

2.47 %

4.97 %

-96.4 %

Net profit

2.40 %

658.1 %

-0.43 %

-137.1 %

1.16 %

2.52 %

-4.8 %

Growth rate of turnover (excluding VAT)

-4.55 %

32.1 %

-6.70 %

-578.6 %

1.40 %

-2.63 %

-73.0 %

Rates integration

30.41 %

8.0 %

28.15 %

3.6 %

27.18 %

38.03 %

-20.0 %

Rate leasing furniture

2.24 %

43.6 %

1.56 %

817.6 %

0.17 %

0.00 %

0%

Work Factor

91.23 %

0.4 %

90.84 %

9.7 %

82.79 %

80.00 %

14.0 %

Weight interests

0.40 %

11.1 %

0.36 %

-5.3 %

0.38 %

0.23 %

73.9 %

 

 

Return on capital

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Cash flow from the overall profitability

5.22 %

267.6 %

1.42 %

-33.6 %

2.14 %

4.45 %

17.3 %

Rates of economic profitability

0.00 %

0%

0.00 %

0%

7.00 %

14.00 %

0%

Financial profitability

3,760,871.00 %

7.7 %

3,492,220.00 %

-1.4 %

3,542,717.00 %

469,815.50 %

700.5 %

Return on investment

6.63 %

4243.8 %

-0.16 %

-103.9 %

4.07 %

8.54 %

-22.4 %

 

 

Management intermediate balances

 

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Turnover

-4.5 %

11,743,073

-6.7 %

12,585,911

1,773,392

532.1 %

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Sales of goods

0

0%

0

0%

0

-

- Purchase of goods

0

0%

0

0%

0

-

+/- Stock of goods variation

0

0%

0

0%

0

-

Trading margin

0 €

0%

0 €

0%

0 €

0 €

0%

0.00 % CA

0%

0.00 % CA

0%

0.00 % CA

0.00 % CA

0%

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Sale of goods produced

11,209,045

-4.5 %

11,743,072

-6.7 %

12,585,911

-

+/- Stocked production

440,011

139.7 %

183,595

200.6 %

61,070

-

+ Self-constructed assets

0

0%

0

0%

55,459

-

Period production

11,649,056 €

-2.3 %

11,926,667 €

-6.1 %

12,702,440 €

1,663,707 €

600.2 %

103.93 % CA

2.3 %

101.56 % CA

0.6 %

100.93 % CA

100.00 % CA

3.9 %

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Trading margin

0

0%

0

0%

0

0

0%

+ Period Production

11,649,056

-2.3 %

11,926,667

-6.1 %

12,702,440

1,663,707

600.2 %

- Purchase of raw materials

5,260,578

-10.3 %

5,862,912

-7.9 %

6,362,835

-

+/- Change in stocks of raw materiels

196,778

204.1 %

-189,001

-33.1 %

-142,028

-

- Other external purchases and charges

2,782,781

-5.6 %

2,947,629

-3.7 %

3,061,012

-

Added value

3,408,919 €

3.1 %

3,305,127 €

-3.4 %

3,420,621 €

639,277 €

433.2 %

30.41 % CA

8.0 %

28.15 % CA

3.6 %

27.18 % CA

38.03 % CA

-20.0 %

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Added value

3,408,919 €

3.1 %

3,305,127 €

-3.4 %

3,420,621 €

639,277 €

433.2 %

+ Operating grants

0

0%

0

0%

0

-

- Tax, duty and similar payments

278,218

0.2 %

277,686

-0.1 %

278,064

-

- Personal charges

3,110,102

3.6 %

3,002,446

6.0 %

2,831,835

-

Gross operating surplus

20,599 €

-17.6 %

24,995 €

-92.0 %

310,722 €

77,089 €

-73.3 %

0.18 % CA

-14.3 %

0.21 % CA

-91.5 %

2.47 % CA

4.97 % CA

-96.4 %

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Gross operating surplus

20,599 €

-17.6 %

24,995 €

-92.0 %

310,722 €

77,089 €

-73.3 %

+ Release of reserves and provisions

102,888

37.8 %

74,658

-38.2 %

120,896

-

+ Other operating income

2

0%

2

0%

0

-

- Depreciation/ Amortisation

524,193

68.9 %

310,369

50.4 %

206,297

-

- Other charges

2

-100.0 %

165,932

16593100.0 %

1

-

Operating result

-400,706 €

-6.4 %

-376,646 €

-267.2 %

225,320 €

40,546 €

-1088.3 %

-3.57 % CA

-11.2 %

-3.21 % CA

-279.3 %

1.79 % CA

2.98 % CA

-219.8 %

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Operating result

-400,706 €

-6.4 %

-376,646 €

-267.2 %

225,320 €

40,546 €

-1088.3 %

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

0

0%

0

0%

0

-

+ Financial income

1,757

258.6 %

490

-94.0 %

8,214

-

- Financial charges

44,901

5.7 %

42,470

-10.5 %

47,437

-

Pre-tax result

-443,850 €

-6.0 %

-418,626 €

-325.0 %

186,097 €

39,872 €

-1213.2 %

-3.96 % CA

-11.2 %

-3.56 % CA

-340.5 %

1.48 % CA

2.76 % CA

-243.5 %

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Extraordinary income

666,044

1183.2 %

51,903

-95.0 %

1,030,548

3,311

20016.1 %

- Extraordinary charges

109,483

19.3 %

91,769

-90.8 %

993,772

-

Extraordinary result

556,561 €

1496.1 %

-39,866 €

-208.4 %

36,776 €

0 €

0%

4.97 % CA

1561.8 %

-0.34 % CA

-217.2 %

0.29 % CA

0.00 % CA

0%

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sector Median 2013

Pre-tax result

-443,850 €

-6.0 %

-418,626 €

-325.0 %

186,097 €

39,872 €

-1213.2 %

Extraordinary result

556,561 €

1496.1 %

-39,866 €

-208.4 %

36,776 €

0 €

0%

- Employee profit sharing

0

0%

0

0%

0

-

- Tax on profits

-155,941

61.8 %

-407,997

-629.8 %

77,014

-

Net result

268,652 €

632.0 %

-50,495 €

-134.6 %

145,859 €

39,568 €

579.0 %

2.40 % CA

658.1 %

-0.43 % CA

-137.1 %

1.16 % CA

2.52 % CA

-4.8 %

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.64.82

UK Pound

1

Rs.100.12

Euro

1

Rs.73.75

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

ANK

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

 

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.s

 

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.