MIRA INFORM REPORT

 

 

Report No. :

347349

Report Date :

28.10.2015

 

IDENTIFICATION DETAILS

 

Name :

FORGITAL DEMBIERMONT SAS

 

 

Registered Office :

Forgital Dembiermont Sas 4 Rue Jules Campagne Bp 44 59330 Hautmont

 

 

Country :

France

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

June 1983

 

 

Legal Form :

Simplified joint stock compan

 

 

Line of Business :

Forging , stamping powder metallurgy

 

 

No. of Employee :

186 employees

 

 

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 and summary

 

Name

FORGITAL DEMBIERMONT SAS

Acronym

-

Trade name

FORGITAL DEMBIERMONT SAS

Status

Economically active

Postal Address

FORGITAL DEMBIERMONT SAS
FORGITAL DEMBIERMONT SAS
4 RUE JULES CAMPAGNE
BP 44
59330 HAUTMONT

Share Capital

13,928,684 Euros

Telephone         

03 27 69 73 73

Activity (APE)

Forging , stamping powder metallurgy (2550A)

RCS Registration

RCS Valenciennes B 572 020 154

Formation Date

06/1983

EUR VAT Number

FR09572020154

Deregistration Date

-

Last account Date

31/12/2014

Court Registry Number

19 5 7B50021

Incorporiation Date

02/1957

Registration Court

Valenciennes (59)

Fax

-

Nationality

France

Legal form

Simplified joint stock company

Currency

Euros

 

 

Key Financials

 

Year to date

Turnover

Gross operating surplus

Shareholder's equity

Net result

Employees

31/12/2014

42,222,411 €

7.27% Turnover

41,834,369 €

971,722 €

186 employees

31/12/2013

37,164,157 €

4.77% Turnover

40,840,421 €

215,517 €

100 to 199 employees

31/12/2012

50,012,573 €

6.02% Turnover

44,120,871 €

720,334 €

215 employees

 

 

Trends

 

Profitability

Liquidity

Net Worth

 

 

Directors

 

Current Directors

1

 

 

Ultimate Holding Company

 

Name

Country

Company Number

FORGITAL ITALY S.P.A.

-

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

Single (translated to H)

Production Role

-

APE/NAF Code

2550A

Activity

 
Forging , stamping powder metallurgy

Formation Date

06/1983

Reason for Formation

Formation

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

Other

Trading Address

4 RUE JULES CAMPAGNE
59330 HAUTMONT

Department

Nord (59)

Location Surface

-

District

1

City

HAUTMONT

Status

Economically active

Business Pages FT®

FONDERIES DE METAUX NON FERREUX ET ALLIAGES

Region

Nord-Pas-de-Calais

Area

69

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

0 branch entities in this company

 

Company Name

Company Type

APE/NAF Code

Activity

City

Post Code

FORGITAL DEMBIERMONT SAS

Head Office

2550A

 
Forging , stamping powder metallurgy

HAUTMONT

59330

 

 

Workforces

 

Workforce at address

100 to 199 employees

Company workforce

100 to 199 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 stock to turnover ratio is 32.96

The sales to current assets ratio is 1.95

High risk workforce size

The return on total assets employed is 1.35

The creditor days are 64.53

The pre-tax profit is 899,910 €

The company has 1 director(s)

Department code with medium risk rating

Industry code with low risk rating

The total assets are 66,533,034 €

The risk provisions are 1,351,375 €

The net turnover is 42,222,411 €

The net current assets are 21,687,459 €

The liabilities are 23,283,858 €

The ratio total assets to total liabilities is 2.70

The shareholder's equity is 41,834,369 €

 

 

Industry comparison

 

Activity (APE)

 
Forging , stamping powder metallurgy

(2550A)

Industry average credit rating

45

Industry average credit limit

23,121

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

SUMMARY OF PREFERENTIAL RIGHTS

 

Company monitored since

27/03/2014

Status of Monitoring

No social security and tax office preferential right to date

 

GROUP DATA

 

Ultimate parent company

FORGITAL ITALY S.P.A.

Direct parent

FORGITAL ITALY S.P.A. - 100 %

Group – Number of companies

3

Linkages – Number of companies

-

Number of countries

-

 

 

 

Name

SIREN

Parts

Last account published

1

FORGITAL ITALY S.P.A.

-

-

-

2

FORGITAL DEMBIERMONT SAS

572020154

100 %

31/12/2014

FORGITAL FMDL SAS

584504419

100 %

31/12/2014

 

 

Linkages

 

No Linkages information available for the company.

 

 

Director(s)

 

Name

M. BEDU JEAN-FRANÇOIS HENRI

Manager position

President

Date of birth

27/02/1967

Place of birth

PONT-À-VENDIN (62880)

Type

Individual

Name at birth

 

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

President

CAPOROSSI

-

President

M. SPEZZAPRIA LUCIANO

11/11/1959 - THIENE ITALIE

President

M. BEDU JEAN-FRANÇOIS HENRI

27/02/1967 - PONT-À-VENDIN (62880)

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

11/05/2015

Bodacc C

Comptes annuels et rapports

59 - NORD

GREFFE DU TRIBUNAL DE COMMERCE DE VALENCIENNES

3261 - 572020154 RCS. FORGITAL DEMBIERMONT SAS. Forme : Société par actions simplifiée. Adresse : 4 rue Jules Campagne 59330 Hautmont. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2014.

02/06/2014

Bodacc C

Comptes annuels et rapports

59 - NORD

GREFFE DU TRIBUNAL DE COMMERCE DE VALENCIENNES

8732 - 572020154 RCS. FORGITAL DEMBIERMONT SAS. Forme : Société par actions simplifiée. Adresse : 4 rue Jules Campagne 59330 Hautmont. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

08/07/2013

Bodacc C

Comptes annuels et rapports

59 - NORD

GREFFE DU TRIBUNAL DE COMMERCE DE VALENCIENNES

4613 - 572020154 RCS. FORGITAL DEMBIERMONT SAS. Forme : Société par actions simplifiée. Adresse : 4 rue Jules Campagne 59330 Hautmont. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.

26/07/2012

Bodacc C

Comptes annuels et rapports

59 - NORD

GREFFE DU TRIBUNAL DE COMMERCE DE VALENCIENNES

5202 - 572020154 RCS. FORGITAL DEMBIERMONT SAS. Forme : Société par actions simplifiée. Adresse : 4 rue Jules Campagne 59330 Hautmont. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.

09/02/2012

Bodacc B

Modification et mutation diverse

59 - NORD

GREFFE DU TRIBUNAL DE COMMERCE DE VALENCIENNES

1858 - 572 020 154 RCS Valenciennes. FORGITAL DEMBIERMONT SAS. Forme : Société par actions simplifiée. Administration : nomination du Commissaire aux comptes titulaire : EXCO LOIRE, nomination du Commissaire aux comptes suppléant : Dubois, Brigitte. Capital : 13928684 EUR. Activité : .
Adresse du siège social : 4 rue Jules Campagne, 59330 Hautmont.
Commentaires : modification survenue sur l'administration.

12/07/2011

Bodacc C

Comptes annuels et rapports

59 - NORD

GREFFE DU TRIBUNAL DE COMMERCE DE VALENCIENNES

6909 - 572020154 RCS. FORGITAL DEMBIERMONT SAS. Forme : Société par actions simplifiée. Adresse : 4 rue Jules Campagne 59330 Hautmont. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.

05/05/2011

Bodacc B

Modification et mutation diverse

59 - NORD

GREFFE DU TRIBUNAL DE COMMERCE DE VALENCIENNES

846 - 572 020 154 RCS Valenciennes. FORGITAL DEMBIERMONT SAS. Forme : Société par actions simplifiée. Administration : Président de la société : BEDU Jean-François Henri Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT Commissaire aux comptes suppléant : RIGO Jacques. Capital : 13928684 EUR. Activité : L'exploitation d'un ou plusieurs établissements industriels et commerciaux à l'usage de forges ou de tous alliages ferreux ou non ferreux à titre principal, exploitation d'un atelier de laminage équipe de laminoirs circulaire et des annexes nécessaires et dans la mesure des disponibilités, exploitation d'un fonds de commerce de fabrication et de vente de produits lamines en alliage d'aluminium en acier et en tous autres métaux. Adresse de l’établissement principal : 4 rue Jules Campagne, 59330 Hautmont.
Adresse du siège social : 4 rue Jules Campagne, 59330 Hautmont.
Commentaires : Changement de président de S.A.S. Date de commencement de l’activité : 11/04/1911. Date d’effet : 29/03/2011.

11/04/2011

JAL

Appointment of the social representative

Voix du Nord (La)/édition DUNKERQUE


Société faisant l'objet d'une nomination : 572020154 - FORGITAL DEMBIERMONT SAS, FORGITAL DEMBIERMONT SAS, 4 RUE JULES CAMPAGNE, BP 44, 59330 HAUTMONT
Nominé : Monsieur Jean-François BEDU, 20 Rue des Bosquiaux, 59144 WARGNIES LE GRAND
En la fonction de : Président
Date d'effet : 29/03/2011

12/07/2010

Bodacc C

Comptes annuels et rapports

59 - NORD

GREFFE DU TRIBUNAL DE COMMERCE DE VALENCIENNES

3907 - 572020154 RCS. FORGITAL DEMBIERMONT SAS. Forme : Société par actions simplifiée. Adresse : 4 rue Jules Campagne 59330 Hautmont. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

12/08/2009

Bodacc C

Comptes annuels et rapports

59 - NORD

GREFFE DU TRIBUNAL DE COMMERCE DE VALENCIENNES

5386 - 572020154 RCS. FORGITAL DEMBIERMONT SAS. Forme : Société par actions simplifiée. Adresse : 4 rue Jules Campagne 59330 Hautmont. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

09/12/2008

Bodacc B

Modification et mutation diverse

59 - NORD

GREFFE DU TRIBUNAL DE GRANDE INSTANCE D'AVESNES-SUR-HELPE

372 - 572 020 154 RCS Avesnes. FORGITAL DEMBIERMONT SAS. Forme : S.A.S. Enseigne : Forge Maurice Dembiermont. Capital : 13928 EUR. Activité : non précisée.
Adresse du siège social : 4 rue Jules-Campagne, 59330 Hautmont.
Commentaires : modification survenue sur la dénomination sociale, ancien : FORGES MAURICE DEMBIERMONT ; date d'effet : 01/09/2008.

03/09/2008

Bodacc B

Modification et mutation diverse

59 - NORD

GREFFE DU TRIBUNAL DE GRANDE INSTANCE D'AVESNES-SUR-HELPE

972 - 572 020 154 RCS Avesnes. FORGES MAURICE DEMBIERMONT. Forme : S.A.S. Enseigne : Forge Maurice Dembiermont. Administration : nomination en qualité de président de CAPOROSSI en remplacement de SPEZZAPRIA (Luciano), démissionnaire ; la société SPEZZAPRIA SRL est également démissionnaire en qualité de directeur général. Capital : 13928684 EUR. Activité : non précisée.
Adresse du siège social : 4 rue Jules-Campagne, 59330 Hautmont.
Commentaires : modification sur l'administration ; le 09/01/2008.

18/11/2007

Bodacc C

Avis de dépôt des comptes

1673 - Avesnes-sur-Helpe B 572 020 154. RC 57-B 21. FORGES MAURICE DEMBIERMONT. Forme: S.A.S. Adresse du siège social: 4, rue Jules-Campagne,59330 Hautmont. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

17/07/2007

Bodacc B

Modifications et mutations diverses

839 - Ancienne situation du siège social : RCS Avesnes-sur-Helpe 572 020 154. RC 57-B 21. FORGES MAURICE DEMBIERMONT. Forme : S.A. Capital : 13 928 684 euros. Nom commercial : Forge Maurice Dembiermont. Adresse : 4 rue Jules-Campagne, 59330 Nouvelle situation du siège social - Forme : S.A.S. Administration : président : SPEZZAPRIA (Luciano), ancien directeur général. P.-D.G. : STE SPEZZAPRIA S.A.R.L. Directeur général : SPEZZAPRIA (Roberto). Anciens administrateurs : SPEZZAPRIA (Domenico) et ANGERER (Ennio). Ancien P.D.G. : SPEZZAPRIA (Roberto). Date d'effet : 12 octobre 2006.

13/02/2007

Bodacc B

Modifications et mutations diverses

1249 - RCS Avesnes-sur-Helpe 572 020 154. RC 57-B 21. FORGES MAURICE DEMBIERMONT. Forme : S.A. Capital : 13 928 684 euros. Nom commercial : Forge Maurice Dembiermont. Adresse du siège social : 4 rue Jules-Campagne,, 59330 Administration : administrateurs démissionnaires : LUOTTI (Marco), à compter du 3 juillet 2006 PRADOURA (Alain) et RICCI (Yves-Charles), à compter du 10 juillet 2006.

20/09/2005

Bodacc C

Avis de dépôt des comptes

1841 - RCS Avesnes-sur-Helpe B 572 020 154. RC 57-B 21. FORGES MAURICE DEMBIERMONT. Forme: S.A.. Adresse du siège social: 4, rue Jules-Campagne,59330 Hautmont. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

24/08/2005

Bodacc B

Modifications et mutations diverses

803 - RCS Avesnes-sur-Helpe 572 020 154. RC 57-B 21. FORGES MAURICE DEMBIERMONT. Forme : S.A. Capital : 13 928 684 euros. Nom commercial : Forge Maurice Dembiermont. Adresse du siège social : 4 rue Jules-Campagne,, 59330 Administration : administrateur démissionnaire : KALNIN (André). Nouvel administrateur : RICCI (Yves-Charles). Date d'effet : 21 avril 2005.

09/02/2005

Bodacc B

Modifications et mutations diverses

716 - RCS Avesnes-sur-Helpe 572 020 154. RC 57-B 21. FORGES MAURICE DEMBIERMONT. Forme : S.A. Capital : 13 928 684 euros. Nom commercial : Forge Maurice Dembiermont. Adresse du siège social : 4 rue Jules-Campagne,, 59330 Administration : P.-D.G. démissionnaire : SPEZZAPRIA (Domenico), qui reste administrateur. Nouveau P.-D.G. : SPEZZAPRIA (Roberto), ancien directeur général délégué. Date d'effet : 20 octobre 2004.

16/06/2004

Bodacc B

Modifications et mutations diverses

RCS Avesnes-sur-Helpe 572020154 RC 57-B 21 FORGES MAURICE DEMBIERMONT. Forme : S. A. Capital : 13 928 684 euros Nom commercial: Forge Maurice Dembiermont. Adresse du siège social : 4 rue Jules- Campagne, 59330 Hautmont. Administration : nouveau directeur général délégué : SPEZZPRIA (Roberto), ancien administrateur. Date d'effet : 4 février 2004.

28/10/2003

Bodacc B

Modifications et mutations diverses

RCS Avesnes-sur-Helpe 572020154 RC 57-B 21 FORGES MAURICE DEMBIERMONT. Forme : S. A. Capital : 13 928 684 euros Nom commercial: Forge Maurice Dembiermont. Adresse du siège social : 4 rue Jules- Campagne, 59330 Hautmont. Administration : ancien administrateur : FOURNIER ( Thierry). Nouvel administrateur : SPEZZAPRIE (Roberto). Date d'effet : 24 avril 2003.

06/03/2003

Bodacc B

Modifications et mutations diverses

RCS Avesnes-sur-Helpe 572020154 RC 57-B 21 FORGES MAURICE DEMBIERMONT. Forme : S. A. Capital : 13 928 684 euros Nom commercial: Forge Maurice Dembiermont. Adresse du siège social : 4 rue Jules- Campagne, 59330 Hautmont. Administration : ancien commissaire aux comptes titulaire : CABINET P.G.A.

23/08/2002

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Avesnes-sur-Helpe 572020154 RC 57-B 21 FORGES MAURICE DEMBIERMONT. Forme : S.A. Capital : 7 435 582 euros Nom commercial: Forge Maurice Dembiermont. Adresse : 4 rue Jules-Campagne, 59330 Hautmont Nouvelle situation du siège social. Capital : 13 928 684 euros. Administration : administrateurs démissionnaires : RICCI (Yves, Charles) DE SAINT LEGER (Guillaume) et SOCIETE SIMA. Nouveaux administrateurs : KALNIN (André) FOURNIER (Thierry) SPEZZAPRIA (Domenico) SPEZZAPRIA ( Luciano) ANGERER (Ennio) et LUOTTI ( Marco). Ancien président du conseil d' administration : PRADOURA (Alain). Nouveau président du conseil d' administration : SPEZZAPRIA (Domenico). Nouveau vice-président et directeur général : SPEZZAPRIA (Luciano). Date d'effet : 16 avril 2002.

30/06/2002

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Avesnes-sur-Helpe 572020154 RC 57-B 21 FORGES MAURICE DEMBIERMONT. Forme : S.A. Capital : 5 686 142 euros Nom commercial: Forges Maurice Dembiermont. Adresse : 4 rue Jules-Campagne, 59330 Hautmont Nouvelle situation du siège social. Capital : 7 435 582 euros. Date d'effet : 27 décembre 2001.

24/10/2001

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Avesnes-sur-Helpe B 572020154 RC 57-B 21 FORGES MAURICE DEMBIERMONT. Forme : S. A. Capital : 36 923 000 F Nom commercial: Forge Maurice Dembiermont. Adresse : 4 rue Jules-Campagne, 59330 Hautmont Nouvelle situation du siège social. Capital : 5 686 142 euros. Administration : nomination d'un commissaire aux comptes titulaire : CABINET ERNST ET YOUNG conjointement avec le CABINET P.G.A. Nomination d'un commissaire aux comptes suppléant : RIGO (Jean). Ancien commissaire aux comptes titulaire : CABINET BARBIER FRINAULT ET AUTRES. Commentaires : augmentation du capital puis conversion en euros. Date d'effet : 1 e r juin 2001 (A.G.M.).

01/12/2000

Bodacc B

Modifications et mutations diverses

RCS Avesnes-sur-Helpe B 572020154 RC 57- B 21 FORGES MAURICE DEMBIERMONT. Forme : S.A. Capital : 36 923 000 F Nom commercial: Forge Maurice Dembiermont. Adresse du siège social : 4 rue Jules- Campagne, 59330 Hautmont. Administration : nomination en qualité d'administrateur : RICCI (Yves, Charles), en remplacement de BLAZY (Maurice), démissionnaire. Date d'effet : 29 mars 2000.

21/06/1997

Bodacc B

Modifications et mutations diverses

RCS Avesnes-sur-Helpe B 572020154 RC 57- B 21 FORGES MAURICE DEMBIERMONT Nom commercial: Forges Maurice Dembiermont. Forme : S.A. Capital : 36 923 000 F (fixe). Adresse du siège social : 4, rue des Produits-Chimiques, 59330 Hautmont. Administration : DUVAL (Georges) remplace DUVAL (Jean), démissionnaire, aux fonctions de représentant permanent de la SOCIETE SIMA, administrateur DE SAINT-LEGER (Guillaume) est nommé administrateur PRADOURA (Alain) est nommé président du conseil d' administration en remplacement de SARDIER (Maurice), démissionnaire Date de début d'activité: 3 janvier 1997.

20/01/1996

Bodacc B

Modifications et mutations diverses

RCS Avesnes-sur-Helpe B 572020154 RC 57- B 21 FORGES MAURICE DEMBIERMONT. Forme : S.A. Capital : 18 461 500 F (fixe). Adresse du siège social : 4, rue des Produits-Chimiques, 59330 Hautmont. Administration : ancien commissaire aux comptes titulaire : CABINET BARBIER- FRINAULT ET ASSOCIES nouveau commissaire aux comptes titulaires : CABINET BARBIER-FRINAULT ET AUTRES. Ancien commissaire aux comptes suppléant : GALTIER (Yves) nouveau commissaire aux comptes suppléant : CABINET P.G.A. A PARIS. Date d'effet : 21 juin 1995.

 

 

Company events history

 

Date

Description

09/06/2015

09/06/2015

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

11/05/2015

Bodacc C : Deposit accounts notice

31/12/2014

New accounts available

02/06/2014

Bodacc C : Deposit accounts notice

15/05/2014

15/05/2014

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

27/03/2014

Collection of preferential rights activated for this company

31/12/2013

New accounts available

06/12/2013

New ultimate parent

06/12/2013

New parent detected

19/10/2013

19/10/2013

08/07/2013

Bodacc C : Deposit accounts notice

04/06/2013

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

31/12/2012

New accounts available

26/07/2012

Bodacc C : Deposit accounts notice

27/06/2012

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

09/02/2012

Bodacc B: Various editing or changing

20/01/2012

Amendment

31/12/2011

New accounts available

12/07/2011

Bodacc C : Deposit accounts notice

16/06/2011

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

05/05/2011

Bodacc B: Various editing or changing

12/04/2011

Amendment

12/04/2011

New chairman (CEO, CoB)

29/03/2011

Legal Gazette: Appointment of the social representative

31/12/2010

New accounts available

12/07/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

12/08/2009

Bodacc C : Deposit accounts notice

31/12/2008

New accounts available

09/12/2008

New Bodacc B ads detected

09/12/2008

Bodacc B: Various editing or changing

10/10/2008

Amendment

10/10/2008

Updated articles of association

10/10/2008

Updated articles of association

10/10/2008

Private document

10/10/2008

New company name

10/10/2008

Minutes of general meeting of shareholders

03/09/2008

New Bodacc B ads detected

03/09/2008

Bodacc B: Various editing or changing

01/09/2008

Update of Company Name

01/09/2008

Modification to Company Identifier

08/07/2008

Amendment

08/07/2008

Appointment/resignation of company officers

08/07/2008

Minutes of general meeting of shareholders

08/07/2008

Private document

31/12/2007

New accounts available

29/03/2007

Appointment/resignation of company officers

29/03/2007

Changes to the Board of Directors

29/03/2007

Minutes of Board meeting

29/03/2007

Minutes of Board meeting

29/03/2007

Minutes of general meeting of shareholders

29/03/2007

New legal form – no new category

29/03/2007

Private document

29/03/2007

Updated articles of association

29/03/2007

Updated articles of association

29/03/2007

Amendment

29/03/2007

Minutes of general meeting of shareholders

31/12/2006

New accounts available

27/11/2006

Minutes of general meeting of shareholders

27/11/2006

New legal form – no new category

27/11/2006

Private document

27/11/2006

Appointment/resignation of company officers

27/11/2006

Minutes of general meeting of shareholders

31/12/2005

New accounts available

30/06/2005

Changes to the Board of Directors

30/06/2005

Private document

30/06/2005

Appointment/resignation of company officers

30/06/2005

Minutes of general meeting of shareholders

31/12/2004

New accounts available

07/12/2004

Appointment/resignation of company officers

07/12/2004

Changes to the Board of Directors

07/12/2004

Minutes of Board meeting

07/12/2004

Minutes of general meeting of shareholders

07/12/2004

New chairman (CEO, CoB)

07/12/2004

Private document

23/03/2004

Minutes of general meeting of shareholders

23/03/2004

Minutes of Board meeting

23/03/2004

Private document

23/03/2004

Appointment/resignation of company officers

31/12/2003

New accounts available

03/07/2003

Appointment/resignation of company officers

03/07/2003

Changes to the Board of Directors

03/07/2003

Minutes of general meeting of shareholders

03/07/2003

Private document

10/12/2002

Appointment/resignation of company officers

10/12/2002

Minutes of general meeting of shareholders

10/12/2002

New auditor

10/12/2002

Private document

14/06/2002

Appointment/resignation of company officers

14/06/2002

Capital increase

14/06/2002

Changes to the Board of Directors

14/06/2002

Minutes of Board meeting

14/06/2002

Minutes of general meeting of shareholders

14/06/2002

New chairman (CEO, CoB)

14/06/2002

Private document

14/06/2002

Updated articles of association

12/03/2002

Updated articles of association

12/03/2002

Partial contribution

12/03/2002

Minutes of general meeting of shareholders

12/03/2002

Capital increase

12/03/2002

Private document

31/12/2001

Private document

31/12/2001

Audit or Management Report

31/12/2001

Minutes of general meeting of shareholders

26/11/2001

Minutes of Board meeting

26/11/2001

Minutes of general meeting of shareholders

26/11/2001

Planned merger

26/11/2001

Private document

21/08/2001

Appointment/resignation of company officers

21/08/2001

Capital increase

21/08/2001

Conversion of equity to euro

21/08/2001

New auditor

21/08/2001

Private document

21/08/2001

Updated articles of association

21/08/2001

Minutes of general meeting of shareholders

13/09/2000

Minutes of general meeting of shareholders

13/09/2000

Minutes of Board meeting

13/09/2000

Changes to the Board of Directors

13/09/2000

Appointment/resignation of company officers

13/09/2000

Private document

03/03/1997

New chairman (CEO, CoB)

03/03/1997

Appointment/resignation of company officers

03/03/1997

Changes to the Board of Directors

03/03/1997

Minutes of Board meeting

03/03/1997

Minutes of general meeting of shareholders

03/03/1997

Private document

23/09/1996

Appointment/resignation of company officers

23/09/1996

Capital increase

23/09/1996

Changes to the Board of Directors

23/09/1996

Minutes of Board meeting

23/09/1996

Minutes of general meeting of shareholders

23/09/1996

Updated articles of association

23/09/1996

Private document

22/09/1995

Minutes of general meeting of shareholders

22/09/1995

Updated articles of association

05/09/1994

Changes to the Board of Directors

05/09/1994

Minutes of general meeting of shareholders

05/09/1994

Appointment/resignation of company officers

07/04/1992

Minutes of Board meeting

09/10/1991

Appointment/resignation of company officers

09/10/1991

Declaration of conformity

09/10/1991

Minutes of Board meeting

09/10/1991

Updated articles of association

09/10/1991

Changes to the Board of Directors

30/09/1991

Minutes of general meeting of shareholders

30/09/1991

Changes to the Board of Directors

30/09/1991

Appointment/resignation of company officers

30/09/1991

New chairman (CEO, CoB)

 

 

Synthesized Accounts

 

Annual Accounts

 

31/12/2014

31/12/2013

31/12/2012

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

17/04/2015

01/05/2014

03/06/2013

Activity Code

2550A

2550A

2550A

Employees

186

0

215

 

 

Active account

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

44,832,540

-3.8 %

46,603,492

-3.2 %

48,149,893

110,523

40464.0 %

Intangible assets

3,246,416

-0.7 %

3,267,876

-1.0 %

3,300,484

6,793

47690.6 %

Tangible assets

41,043,855

-5.3 %

43,331,555

-3.4 %

44,842,948

70,168

58393.7 %

Financial assets

542,266

13253.0 %

4,061

-37.1 %

6,461

820

66030.0 %

Net current assets

21,687,459

20.7 %

17,964,529

-15.9 %

21,362,015

711,005

2950.3 %

Stocks

13,918,524

26.7 %

10,982,454

-14.8 %

12,893,663

69,273

19992.4 %

Advanced payments

101,169

26.7 %

79,874

-49.7 %

158,736

0

0%

Receivables

6,259,300

-0.6 %

6,293,942

-21.7 %

8,034,237

244,170

2463.5 %

Securities and cash

1,408,462

131.6 %

608,261

120.9 %

275,379

70,810

1889.1 %

Prepaid expenses

-

-

-

-

-

585

-

Accounts of regularization

13,034

-54.1 %

28,371

1305.2 %

2,019

0

0%

Total Assets

66,533,034

3.0 %

64,596,396

-7.1 %

69,513,927

810,925

8104.6 %

 

 

Passive Account

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Shareholders' equity

41,834,369

2.4 %

40,840,421

-7.4 %

44,120,871

350,376

11839.9 %

Share capital

13,928,684

0%

13,928,684

0%

13,928,684

38,265

36301.1 %

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

1,351,375

1.8 %

1,327,747

-11.1 %

1,494,331

0

0%

Liabilities

23,283,858

3.8 %

22,424,326

-6.2 %

23,896,233

377,225

6072.4 %

Financial liabilities

11,990,754

-7.8 %

13,003,765

-8.4 %

14,203,255

74,013

16100.9 %

Advanced payments received

445,492

-0.8 %

449,059

-48.5 %

872,551

0

0%

Trade account payables

7,465,102

20.1 %

6,217,322

9.0 %

5,705,789

96,996

7596.3 %

Tax and social liabilities

2,806,930

2.1 %

2,750,354

-11.4 %

3,103,843

167,390

1576.9 %

Other debts and fixed assets liabilities

639,007

8175.1 %

7,722

-41.9 %

13,287

22,133

2787.2 %

Account regularization

0

0%

0

0%

0

0

0%

Total liabilities

66,533,034

3.0 %

64,596,395

-7.1 %

69,513,926

810,925

8104.6 %

 

 

Results

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Sales of Goods

46,351,279

25.1 %

37,049,430

-24.9 %

49,349,896

1,077,157

4203.1 %

Net turnover

42,222,411

13.6 %

37,164,157

-25.7 %

50,012,573

1,056,451

3896.6 %

of which net export turnover

19,938,795

21.7 %

16,390,067

-36.1 %

25,642,762

0

0%

Operating charges

45,473,887

15.6 %

39,327,391

-20.3 %

49,328,805

989,699

4494.7 %

Operating profit/loss

877,392

138.5 %

-2,277,961

-10900.6 %

21,091

15,764

5465.8 %

Financial income

229,139

230.4 %

69,358

-77.9 %

314,062

257

89059.1 %

Financial charges

374,657

-15.6 %

443,879

-20.5 %

558,145

2,810

13235.4 %

Financial profit/loss

-145,517

61.1 %

-374,521

-53.4 %

-244,083

-737

-19644.5 %

Pretax net operating income

731,875

127.6 %

-2,652,482

-1089.5 %

-222,992

15,618

4586.1 %

Extraordinary income

552,016

-80.9 %

2,884,187

84.9 %

1,559,973

1,091

50520.4 %

Extraordinary charges

383,981

187.5 %

133,565

-74.9 %

533,094

893

42923.1 %

Extraordinary profit/loss

168,034

-93.9 %

2,750,622

167.9 %

1,026,879

0

0%

Net result

971,722

350.9 %

215,517

-70.1 %

720,334

16,875

5658.4 %

 

 

Accounts – Active

 

Normal Account

 

31/12/2014

31/12/2013

31/12/2012

Months

12

12

12

 

 

Grand Total - Active Accounts (I to VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Grand Total (I to VI)

Net

66,533,034

3.0 %

64,596,396

-7.1 %

69,513,927

Gross

CO

106,261,730

2.8 %

103,317,564

-1.7 %

105,068,847

Amortisation

1A

39,728,696

2.6 %

38,721,168

8.9 %

35,554,920

 

 

Non declared distributed capital (I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

0

0%

0

0%

0

 

 

Active fixed asset (II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total Active fixed asset (II)

Net

44,832,540

-3.8 %

46,603,492

-3.2 %

48,149,893

Gross

BJ

83,332,777

1.2 %

82,313,373

1.5 %

81,105,677

Amortisation

BK

38,500,236

7.8 %

35,709,881

8.4 %

32,955,784

 

 

Intangible fixed assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Start-up cost

Net

0

0%

0

0%

0

Gross

AB

0

0%

0

0%

0

Amortisation

AC

0

0%

0

0%

0

R&D expenses

Net

0

0%

0

0%

0

Gross

CX

0

0%

0

0%

0

Amortisation

CQ

0

0%

0

0%

0

Distributorships, patents

Net

0

0%

0

0%

0

Gross

AF

0

0%

0

0%

0

Amortisation

AG

0

0%

0

0%

0

Goodwill

Net

3,180,086

0%

3,180,086

0%

3,180,086

Gross

AH

3,180,086

0%

3,180,086

0%

3,180,086

Amortisation

AI

0

0%

0

0%

0

Other intangible fixed assets

Net

66,330

-24.4 %

87,790

-27.1 %

120,398

Gross

AJ

394,561

10.9 %

355,846

12.8 %

315,475

Amortisation

AK

328,231

22.4 %

268,056

37.4 %

195,077

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

3,246,416

-0.7 %

3,267,876

-1.0 %

3,300,484

 

 

Tangilble fixed assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Lands

Net

243,897

0%

243,897

0%

243,897

Gross

AN

243,897

0%

243,897

0%

243,897

Amortisation

AO

0

0%

0

0%

0

Buildings

Net

16,163,910

-2.5 %

16,575,411

-0.3 %

16,627,534

Gross

AP

22,009,073

0.8 %

21,841,144

2.4 %

21,333,331

Amortisation

AQ

5,845,162

11.0 %

5,265,733

11.9 %

4,705,797

Plant

Net

23,291,853

-10.6 %

26,048,993

-4.3 %

27,212,431

Gross

AR

55,144,602

-1.1 %

55,745,662

1.7 %

54,807,983

Amortisation

AS

31,852,748

7.3 %

29,696,669

7.6 %

27,595,552

Other tangible fixed assets

Net

130,770

-13.6 %

151,267

-32.0 %

222,325

Gross

AT

604,864

-4.1 %

630,690

-7.5 %

681,683

Amortisation

AU

474,093

-1.1 %

479,423

4.4 %

459,358

Fixed assets in construction

Net

813,366

557.3 %

123,745

367.6 %

26,464

Gross

AV

813,366

557.3 %

123,745

367.6 %

26,464

Amortisation

AW

0

0%

0

0%

0

Advances and payments on account

Net

400,059

112.5 %

188,242

-63.1 %

510,297

Gross

AX

400,059

112.5 %

188,242

-63.1 %

510,297

Amortisation

AY

0

0%

0

0%

0

Sub Total Tangible asset

Net

41,043,855

-5.3 %

43,331,555

-3.4 %

44,842,948

 

 

Financial assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Associates at equity

Net

0

0%

0

0%

0

Gross

CS

0

0%

0

0%

0

Amortisation

CT

0

0%

0

0%

0

Other participations

Net

0

0%

0

0%

0

Gross

CU

0

0%

0

0%

0

Amortisation

CV

0

0%

0

0%

0

Inter-company receivables

Net

0

0%

0

0%

0

Gross

BB

0

0%

0

0%

0

Amortisation

BC

0

0%

0

0%

0

Other investment securities

Net

60

-1.6 %

61

0%

61

Gross

BD

60

-1.6 %

61

0%

61

Amortisation

BE

0

0%

0

0%

0

Loans

Net

0

0%

0

0%

2,400

Gross

BF

0

0%

0

0%

2,400

Amortisation

BG

0

0%

0

0%

0

Other financial assets

Net

542,206

13455.2 %

4,000

0%

4,000

Gross

BH

542,206

13455.2 %

4,000

0%

4,000

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

542,266

13253.0 %

4,061

-37.1 %

6,461

 

 

Current Assets (III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total Current Assets

Net

21,687,459

20.7 %

17,964,529

-15.9 %

21,362,015

Gross

CJ

22,915,919

9.2 %

20,975,815

-12.5 %

23,961,151

Amortisation

CK

1,228,459

-59.2 %

3,011,284

15.9 %

2,599,136

 

 

Stocks

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Raw materials

Net

7,574,762

34.5 %

5,630,769

-14.3 %

6,573,404

Gross

BL

8,428,287

3.1 %

8,175,298

-6.6 %

8,756,015

Amortisation

BM

853,525

-66.5 %

2,544,529

16.6 %

2,182,611

Work in progress (goods)

Net

6,286,861

17.9 %

5,333,835

-15.0 %

6,277,419

Gross

BN

6,361,237

16.7 %

5,449,028

-14.9 %

6,405,104

Amortisation

BO

74,375

-35.4 %

115,193

-9.8 %

127,685

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

56,901

218.8 %

17,850

-58.3 %

42,840

Gross

BR

56,901

218.8 %

17,850

-58.3 %

42,840

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

13,918,524

26.7 %

10,982,454

-14.8 %

12,893,663

 

 

Advance payments to suppliers

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Advance payments to suppliers

Net

101,169

26.7 %

79,874

-49.7 %

158,736

Gross

BV

101,169

26.7 %

79,874

-49.7 %

158,736

Amortisation

BW

0

0%

0

0%

0

 

 

Debtors

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Trade accounts receivable

Net

4,480,241

-5.7 %

4,752,681

-32.8 %

7,076,856

Gross

BX

4,568,081

-6.6 %

4,891,525

-31.6 %

7,152,978

Amortisation

BY

87,840

-36.7 %

138,844

82.4 %

76,122

Other debtors

Net

938,183

7.4 %

873,816

97.3 %

442,952

Gross

BZ

1,150,902

5.9 %

1,086,534

65.7 %

655,670

Amortisation

CA

212,718

0%

212,718

0%

212,718

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

5,418,424

-3.7 %

5,626,497

-25.2 %

7,519,808

 

 

Divers

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Investment securities

Net

0

0%

0

0%

0

Gross

CD

0

0%

0

0%

0

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

1,408,462

131.6 %

608,261

120.9 %

275,379

Gross

CF

1,408,462

131.6 %

608,261

120.9 %

275,379

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

1,408,462

131.6 %

608,261

120.9 %

275,379

 

 

Prepaid expenses

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Prepaid expenses

Net

840,876

26.0 %

667,445

29.7 %

514,429

Gross

CH

840,876

26.0 %

667,445

29.7 %

514,429

Amortisation

CI

0

0%

0

0%

0

 

 

Equalization accounts (IV to VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Expenses of loan issue to be spread

CW3

0

0%

0

0%

0

Gross

0

0%

0

0%

0

Premiums on redemption of bonds

CM3

0

0%

0

0%

0

Gross

0

0%

0

0%

0

Currency differential gain

CN3

13,034

-54.1 %

28,371

1305.2 %

2,019

Gross

13,034

-54.1 %

28,371

1305.2 %

2,019

 

 

References

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Due within one year

CP

0

0%

0

0%

2,400

Due after one year

CR

0

0%

0

0%

76,358

 

 

Accounts – Passive

 

Grand Total - Passive Accounts (I to V)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Grand Total (I to V)

EE

66,533,034

3.0 %

64,596,395

-7.1 %

69,513,926

 

 

Shareholder Equity (I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total shareholders' equity (Total I)

DL

41,834,369

2.4 %

40,840,421

-7.4 %

44,120,871

Equity and shareholders' equity

DA

13,928,684

0%

13,928,684

0%

13,928,684

Issue and merger premiums

DB

4,576,448

0%

4,576,448

0.0 %

4,576,449

Revaluation differentials

DC

0

0%

0

0%

0

Of which equity differential

EK

0

0%

0

0%

0

Legal reserve

DD

1,169,224

0.9 %

1,158,464

3.2 %

1,122,449

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

1,420,056

0%

1,420,056

0.0 %

1,420,057

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

10,602,384

2.0 %

10,397,627

-0.2 %

10,418,788

Profit or loss for the period

DI

971,722

350.9 %

215,517

-70.1 %

720,334

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

9,165,848

0.2 %

9,143,625

-23.4 %

11,934,110

 

 

Other capital resources (II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total other capital resources (Total II)

DO

0

0%

0

0%

0

Income from participating securities

DM

0

0%

0

0%

0

Conditional loans

DN

0

0%

0

0%

0

 

 

Provisions for risks and charges (III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total provisions for risks and charges (Total III)

DR

1,351,375

1.8 %

1,327,747

-11.1 %

1,494,331

Risk provisions

DP

515,957

-10.7 %

578,081

-19.4 %

717,299

Reserves for charges

DQ

835,418

11.4 %

749,666

-3.5 %

777,032

 

 

Liabilities (IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total Liabilities (Total IV)

EC

23,283,858

3.8 %

22,424,326

-6.2 %

23,896,233

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

11,987,185

-7.8 %

12,995,651

-8.3 %

14,177,618

Sundry loans and financial liabilities

DV

3,569

-56.0 %

8,114

-68.4 %

25,637

Of which participating loans

EI

0

0%

0

0%

0

Advance payments received for current orders

DW

445,492

-0.8 %

449,059

-48.5 %

872,551

Trade accounts payables

DX

7,465,102

20.1 %

6,217,322

9.0 %

5,705,789

Tax and social security liabilities

DY

2,806,930

2.1 %

2,750,354

-11.4 %

3,103,843

Fixed asset liabilities

DZ

0

0%

0

0%

0

Other debts

EA

575,577

14943.8 %

3,826

-64.6 %

10,795

 

 

Translation loss (V)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Translation loss (Total V)

ED

63,430

1528.1 %

3,896

56.3 %

2,492

 

Equalization accounts

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Deferred income

EB

0

0%

0

0%

0

 

 

References

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Of which tax-allowable reserve

EF

0

0%

0

0%

0

Deferred income and liabilities

EG

0

0%

0

0%

0

Of which current bank facilities

EH

10,000,000

-2.0 %

10,207,032

-7.1 %

10,983,285

 

 

Result account

 

1 - Operating result (I-II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Operating result (Total I-II)

GG

877,392

138.5 %

-2,277,961

-10900.6 %

21,091

 

 

2 - Financial result (V-VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Financial result (Total V-VI)

GV

-145,517

61.1 %

-374,521

-53.4 %

-244,083

 

 

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

GW

731,875

127.6 %

-2,652,482

-1089.5 %

-222,992

 

 

4 - Extraordinary result (VII-VIII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Extraordinary result (Total VII-VIII)

HI

168,034

-93.9 %

2,750,622

167.9 %

1,026,879

 

 

Profit or loss

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Profit or loss

HN

971,722

350.9 %

215,517

-70.1 %

720,334

 

 

Total Income (I+III+V+VII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

HL

47,132,435

17.8 %

40,002,975

-21.9 %

51,223,931

 

 

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

HM

46,160,713

16.0 %

39,787,456

-21.2 %

50,503,597

 

 

Operating income (I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total operating income (Total I)

FR

46,351,279

25.1 %

37,049,430

-24.9 %

49,349,896

 

 

Operating income (details)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sale of goods for resale

FC

0

0%

0

0%

0

France

FA

0

0%

0

0%

0

Export

FB

0

0%

0

0%

0

Sale of goods produced

FF

40,727,025

14.6 %

35,538,522

-26.0 %

48,051,242

France

FD

20,888,591

8.5 %

19,245,439

-14.4 %

22,494,817

Export

FE

19,838,434

21.8 %

16,293,083

-36.2 %

25,556,425

Sale of services

FI

1,495,385

-8.0 %

1,625,635

-17.1 %

1,961,331

France

FG

1,395,024

-8.7 %

1,528,651

-18.5 %

1,874,994

Export

FH

100,361

3.5 %

96,984

12.3 %

86,337

Net turnover

FL

42,222,411

13.6 %

37,164,157

-25.7 %

50,012,573

France

FJ

22,283,615

7.3 %

20,774,090

-14.8 %

24,369,811

Export

FK

19,938,795

21.7 %

16,390,067

-36.1 %

25,642,762

Stocked production

FM

951,259

197.0 %

-981,064

66.2 %

-2,904,539

Self-constructed assets

FN

419,642

87.7 %

223,625

-83.1 %

1,320,468

Operating grants

FO

7,930

-62.1 %

20,913

-24.4 %

27,659

Release of reserves and provisions

FP

2,746,558

341.7 %

621,778

-30.3 %

892,179

Other income

FQ

3,477

16457.1 %

21

-98.7 %

1,556

 

 

Operating charges (II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total operating charges (Total II)

GF

45,473,887

15.6 %

39,327,391

-20.3 %

49,328,805

 

 

Exploitation charges

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

19,808,436

32.2 %

14,981,328

-18.1 %

18,290,777

Change in stocks of raw materials

FV

-252,989

-143.6 %

580,717

-81.5 %

3,133,909

Other external purchases and charges

FW

10,995,216

21.1 %

9,081,963

-28.3 %

12,666,038

Tax, duty and similar payments

FX

1,268,921

-9.7 %

1,405,139

4.3 %

1,347,854

Payroll

FY

5,771,533

-0.8 %

5,818,534

-13.6 %

6,734,609

Social security costs

FZ

2,938,591

5.5 %

2,785,490

-14.9 %

3,273,943

 

 

Depreciation

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Depreciation of fixed assets

GA

3,286,579

-2.6 %

3,374,854

9.1 %

3,093,498

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

615,499

1.4 %

607,096

119.9 %

276,083

Provisions for risks and charges

GD

209,361

744.7 %

24,786

-38.8 %

40,525

 

 

Other charges

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Other charges

GE

832,735

24.8 %

667,484

41.5 %

471,569

 

 

Operating charges (III-IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

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

GH

0

0%

0

0%

0

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

GI

0

0%

0

0%

0

 

 

Financial income (V)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total financial income (Total V)

GP

229,139

230.4 %

69,358

-77.9 %

314,062

Share financial income

GJ

0

0%

0

0%

0

Other investment income & capitalised receivables

GK

0

0%

0

0%

1,515

Other interest and similar income

GL

358

293.4 %

91

-99.9 %

62,424

Released provisions and transferred charges

GM

28,371

1305.2 %

2,019

-15.5 %

2,390

Exchange gains

GN

200,410

198.0 %

67,248

-72.9 %

247,733

Net income from disposal of investment securities

GO

0

0%

0

0%

0

 

Financial charge (VI)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total financial charge (Total VI)

GU

374,657

-15.6 %

443,879

-20.5 %

558,145

Financial reserves and provisions

GQ

13,034

-54.1 %

28,371

1305.2 %

2,019

Interest and similar charges

GR

289,518

-6.1 %

308,236

-18.3 %

377,245

Exchange losses

GS

72,103

-32.8 %

107,272

-40.0 %

178,881

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

 

 

Extraordinary income (VII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total extraordinary income (Total VII)

HD

552,016

-80.9 %

2,884,187

84.9 %

1,559,973

Extraordinary operating income

HA

73,449

6.4 %

69,053

-24.1 %

90,935

Extraordinary income from capital transactions

HB

476,000

2280.0 %

20,000

11804.8 %

168

Released provisions and transferred charges

HC

2,566

-99.9 %

2,795,134

90.3 %

1,468,870

 

 

Extraordinary charges (VIII)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total extraordinary charges (Total VIII)

HH

383,981

187.5 %

133,565

-74.9 %

533,094

Extraordinary operating charges

HE

80,356

-19.8 %

100,178

-80.5 %

513,260

Extraordinary charges from capital transactions

HF

278,835

870.2 %

28,739

3162.1 %

881

Extraordinary reserves and provisions

HG

24,790

433.3 %

4,648

-75.5 %

18,953

 

 

Employee profit sharing (IX)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Employee profit sharing (Total IX)

HJ

0

0%

0

0%

0

 

 

Tax on profits (X)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Tax on profits (Total X)

HK

-71,812

38.8 %

-117,379

-240.5 %

83,553

 

 

References

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Of which equipment leases

HP

1,253,306

6.4 %

1,178,367

-33.4 %

1,768,071

Of which property leases

HQ

0

0%

0

0%

0

Of which transferred charges

A1

118,410

-43.4 %

209,109

-34.9 %

321,069

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%

10,000

 

 

Other incomes tax return forms

 

Fixed Assets

 

Grand Total Fixed Assets (I to IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value at begin of period

OG

0

0%

0

0%

0

Increasess due to revaluation

OH

0

0%

0

0%

0

Decreasess, acquisitions, creations, contributions

OJ

0

0%

0

0%

0

Decreasess by budget item transfer

OK1

1,461,968

-47.7 %

2,796,514

37.4 %

2,036,045

Decreasess by transfers

OK2

715,634

9.8 %

651,893

18.4 %

550,626

Gross value at the end of period

OL

83,332,777

1.2 %

82,313,376

1.5 %

81,105,676

 

 

Research and development Charge (Total I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value at begin of period

CZ

0

0%

0

0%

0

Increasess due to revaluation

KB

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KC

0

0%

0

0%

0

Decreasess by budget item transfer

CO1

0

0%

0

0%

0

Decreasess by transfers

CO2

0

0%

0

0%

0

Gross value at the end of period

DO

0

0%

0

0%

0

 

 

Other budget item from Intangible fixed assets (Total II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value at begin of period

KD

3,535,933

1.2 %

3,495,561

2.1 %

3,424,040

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

42,981

6.5 %

40,371

-43.6 %

71,521

Decreasess by budget item transfer

LV1

0

0%

0

0%

0

Decreasess by transfers

LV2

4,267

0%

0

0%

0

Gross value at the end of period

LW

3,574,647

1.1 %

3,535,932

1.2 %

3,495,561

 

 

Tangible fixed assets (Total III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value at begin of period

LN

78,773,382

1.5 %

77,603,649

3.7 %

74,824,445

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

2,615,815

-43.3 %

4,615,735

-13.9 %

5,362,519

Decreasess by budget item transfer

NG1

1,461,968

-47.7 %

2,796,513

37.4 %

2,036,045

Decreasess by transfers

NG2

711,367

9.5 %

649,492

18.7 %

547,264

Gross value at the end of period

NH

79,215,861

0.6 %

78,773,379

1.5 %

77,603,655

 

 

Financial assets (Total IV)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value at begin of period

LQ

4,060

-37.2 %

6,461

-34.2 %

9,823

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

538,206

0%

0

0%

0

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

0

0%

2,400

-28.6 %

3,362

Gross value at the end of period

NK

542,267

13253.0 %

4,061

-37.1 %

6,461

 

 

Reserve for depreciation

 

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

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Reserve for depreciation value at begin of period

ON

0

0%

0

0%

0

Increases

OP

0

0%

0

0%

0

Decreasess

OQ

0

0%

0

0%

0

Reserve for depreciation value at the end of period

OR

0

0%

0

0%

0

 

 

Research and development charge (Total I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Reserve for depreciation value at begin of period

CY

0

0%

0

0%

0

Increases

PB

0

0%

0

0%

0

Decreasess

PC

0

0%

0

0%

0

Decreasess by budget item transfer

PD

0

0%

0

0%

0

 

 

Other intangible assets (Total II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Reserve for depreciation value at begin of period

PE

268,056

37.4 %

195,076

34.6 %

144,926

Increases

PF

64,441

-11.7 %

72,979

45.5 %

50,151

Decreasess

PG

4,267

0%

0

0%

0

Decreasess by budget item transfer

PH

328,231

22.4 %

268,055

37.4 %

195,077

 

 

Total fixed assets amotisation (Total III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Reserve for depreciation value at begin of period

QU

35,441,826

8.2 %

32,760,705

8.3 %

30,263,744

Increases

QV

3,222,138

-2.4 %

3,301,872

8.5 %

3,043,346

Decreases

QW

491,958

-20.7 %

620,754

13.6 %

546,383

Decreasess by budget item transfer

QX

38,172,005

7.7 %

35,441,823

8.2 %

32,760,707

 

 

Movements during period affecting charge allocated over several period

 

Deferred charges and debt issuance costs

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value at begin of period

Z91

0

0%

0

0%

0

Increases

Z92

0

0%

0

0%

0

Depreciation of fixed assets during period

Z9

0

0%

0

0%

0

Decreasess by budget item transfer

B1

0

0%

0

0%

0

 

 

Premium refund of obligations

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Net value at begin of period

SP1

0

0%

0

0%

0

Increases

SP2

0

0%

0

0%

0

Depreciation of fixed assets during period

SP

0

0%

0

0%

0

Net value at the end of period

SR

0

0%

0

0%

0

 

 

Provisions included in balance sheet

 

Grand Total (I-II-III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Value at begining of period

7C

13,402,565

-18.2 %

16,387,466

-9.2 %

18,055,750

Increases

UB

848,824

-16.4 %

1,015,781

45.6 %

697,469

Decreases

UC

2,505,706

-30.5 %

3,603,983

52.3 %

2,365,753

Value at the end of period

UD

11,745,683

-14.9 %

13,799,264

-15.8 %

16,387,466

 

 

Includes Total allocations

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Operating

UE

848,824

0%

0

0%

316,608

Financial

UG

0

0%

0

0%

2,019

Exceptional

UJ

0

0%

0

0%

18,953

 

 

Includes Total Withdrawal

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Operating

UF

2,505,706

0%

0

0%

571,110

Financial

UH

0

0%

0

0%

2,390

Exceptional

UK

0

0%

0

0%

1,468,870

 

 

Total regulated provisions (Total I)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Value at begining of period

3Z

9,143,625

-23.4 %

11,934,109

-10.8 %

13,384,027

Increases

TS

24,790

433.3 %

4,648

-75.5 %

18,953

Decreases

TT

2,566

-99.9 %

2,795,133

90.3 %

1,468,870

Value at the end of period

TU

9,165,848

0.2 %

9,143,624

-23.4 %

11,934,110

 

 

Total risk and charge provisions (Total II)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Value at begining of period

5Z

1,247,655

-32.7 %

1,854,218

-13.5 %

2,143,387

Increases

TV

208,535

-48.4 %

404,036

0.4 %

402,432

Decreases

TW

104,815

-82.9 %

613,902

-11.2 %

691,600

Value at the end of period

TX

1,351,375

-17.8 %

1,644,352

-11.3 %

1,854,219

 

 

Total Provision for depreciation (Total III)

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Value at begining of period

7B

3,011,285

15.9 %

2,599,136

2.8 %

2,528,335

Increases

TY

615,499

1.4 %

607,095

119.9 %

276,083

Decreases

TZ

2,398,325

1130.3 %

194,946

-5.0 %

205,283

Value at the end of period

UA

1,228,459

-59.2 %

3,011,285

15.9 %

2,599,135

 

 

State deadlines claims and debts at the end of period

 

State claims

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Gross value

VT

7,102,065

6.8 %

6,649,503

-20.2 %

8,329,477

1 year at most

VU

7,014,225

6.4 %

6,590,767

-20.1 %

8,253,119

More than one year

VV

87,840

49.6 %

58,736

-23.1 %

76,358

 

 

State of loans

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Claims related to holdings (gross)

UL

0

0%

0

0%

0

Claims related to shareholdings (1 year at most)

UM

0

0%

0

0%

0

Loans (gross)

UP

0

0%

0

0%

2,400

Loans (1 year at most)

UR

0

0%

0

0%

2,400

Other financial assets (gross)

UT

542,206

13455.2 %

4,000

0%

4,000

Other financial assets (1 year at most)

UV

542,206

13455.2 %

4,000

0%

4,000

 

 

Receivables statement of assets

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Customers doubtful or disputed

VA

87,840

-58.0 %

209,357

-6.6 %

224,042

Other claims customer

UX

4,480,241

-4.3 %

4,682,167

-32.4 %

6,928,936

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%

3,109

-88.5 %

26,957

Social Security and other social organizations

UZ

0

0%

0

0%

0

Income taxes

VM

0

0%

421,810

403.0 %

83,867

Value added tax

VB

0

0%

472,964

-2.0 %

482,510

Other taxes and payments assimilated

VN

0

0%

0

0%

0

State and other public - Miscellaneous

VP

1,150,902

510.6 %

188,495

251.3 %

53,653

Group and Associates

VC

0

0%

155

-56.6 %

357

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

VR

0

0%

0

0%

8,326

 

 

Prepaid

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Prepaid

VS

840,876

26.0 %

667,443

29.7 %

514,429

 

 

State Debt

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Total debt (gross)

VY

22,838,365

3.9 %

21,975,268

-4.6 %

23,023,682

1 year at most

VZ2

21,508,316

7.6 %

19,985,431

-3.1 %

20,620,164

More than 1 year and 5 years at most

VZ3

1,330,049

-33.2 %

1,989,837

-11.2 %

2,241,026

More than 5 years

VZ4

0

0%

0

0%

162,492

 

 

Details

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Convertible bonds (gross)

7Y1

0

0%

0

0%

0

1 year at most

7Y2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Y3

0

0%

0

0%

0

Other bonds (gross)

7Z1

0

0%

0

0%

0

1 year at most

7Z2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Z3

0

0%

0

0%

0

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

VG1

11,987,185

-7.8 %

12,995,650

-8.3 %

14,177,618

1 year at most

VG2

10,657,136

-3.2 %

11,005,813

-6.5 %

11,774,100

More than 1 year and 5 years at most

VG3

1,330,049

-33.2 %

1,989,837

-11.2 %

2,241,026

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

3,569

-56.0 %

8,113

-68.4 %

25,637

1 year at most

8A2

3,569

-56.0 %

8,113

-68.4 %

25,637

More than 1 year and 5 years at most

8A3

0

0%

0

0%

0

Suppliers and associated accounts (gross)

8B1

7,465,102

20.1 %

6,217,322

9.0 %

5,705,789

1 year at most

8B2

7,465,102

20.1 %

6,217,322

9.0 %

5,705,789

More than 1 year and 5 years at most

8B3

7,465,102

20.1 %

6,217,322

9.0 %

5,705,789

Personnel and associated accounts (gross)

8C1

1,608,598

1.2 %

1,589,604

-13.8 %

1,845,147

1 year at most

8C2

1,608,598

1.2 %

1,589,604

-13.8 %

1,845,147

More than 1 year and 5 years at most

8C3

0

0%

0

0%

0

Social Security and other social organizations (gross)

8D1

882,035

-4.1 %

919,780

0.1 %

918,794

1 year at most

8D2

882,035

-4.1 %

919,780

0.1 %

918,794

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

67,592

39.0 %

48,617

-47.2 %

92,047

1 year at most

VW2

67,592

39.0 %

48,617

-47.2 %

92,047

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

248,703

29.3 %

192,353

-22.4 %

247,856

1 year at most

VQ2

248,703

29.3 %

192,353

-22.4 %

247,856

More than 1 year and 5 years at most

VQ3

0

0%

0

0%

0

Assets and liabilities associated accounts (gross)

8J1

0

0%

0

0%

0

1 year at most

8J2

0

0%

0

0%

0

More than 1 year and 5 years at most

8J3

0

0%

0

0%

0

More than 5 years

8J4

0

0%

0

0%

0

Groups and associates (gross)

VI1

0

0%

0

0%

0

1 year at most

VI2

0

0%

0

0%

0

More than 1 year and 5 years at most

VI3

0

0%

0

0%

0

More than 5 years

V14

0

0%

0

0%

0

Other liabilities (gross)

8K1

575,577

14943.8 %

3,826

-64.6 %

10,795

1 year at most

8K2

575,577

14943.8 %

3,826

-64.6 %

10,795

More than 1 year and 5 years at most

8K3

0

0%

0

0%

0

Debt representative of borrowed securities (gross)

SZ1

0

0%

0

0%

0

1 year at most

SZ2

0

0%

0

0%

0

More than 1 year and 5 years at most

SZ3

0

0%

0

0%

0

Products in advance (gross)

8L1

0

0%

0

0%

0

1 year at most

8L2

0

0%

0

0%

0

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

 

 

References

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Loans made during the period

VJ

0

0%

0

0%

0

Debt repaid during the period

VK

801,432

0%

0

0%

0

 

 

Table allocation results and other information

 

Dividends distributed

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Dividends

ZE

0

0%

0

0%

0

 

 

Commitments

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Commitments leasing furniture

YQ

0

0%

0

0%

0

Commitments Real Estate Leasing

YR

0

0%

0

0%

0

Effects brought to the discount and unmatured

YS

0

0%

0

0%

0

 

 

Other charges Externes

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Subcontracting

YT

0

0%

0

0%

0

Rentals, rental charges and condominiums

XQ

0

0%

0

0%

0

Staff outside the company

YU

0

0%

0

0%

0

Remuneration intermediaries and fees (excluding fees)

SS

0

0%

0

0%

0

Fees, commissions and brokerage

YV

0

0%

0

0%

0

Other accounts

ST

0

0%

0

0%

0

Total Other purchases and external

ZJ

0

0%

0

0%

0

 

 

Taxes and Fees

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Business tax

YW

0

0%

0

0%

0

Other taxes and payments assimilated

9Z

0

0%

0

0%

0

Total taxes and fees

YX

0

0%

0

0%

0

 

 

VAT

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Amount VAT collected

YY

0

0%

0

0%

0

Total VAT on goods and services

YZ

0

0%

0

0%

0

 

 

Average number of employees

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Average number of employees

YP

186

0%

0

0%

215

 

 

Groups and Shareholders

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Groups and Shareholders

ZR

0

-

-

-

-

 

 

Ratios

 

Structure and Liquidity

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Fixed Asset Financing

1.00

2.0 %

0.98

-3.0 %

1.01

1.46

-31.5 %

Global Debt

199 days

-8.3 %

217 days

26.2 %

172 days

120 days

66.5 %

Working Capital Fund overall net

3 days

118.8 %

-16 days

-420.0 %

5 days

83 days

-96.4 %

Financial independence

348.89 %

11.1 %

314.07 %

1.1 %

310.64 %

178.30 %

95.7 %

Solvability

62.88 %

-0.5 %

63.22 %

-0.4 %

63.47 %

42.21 %

49.0 %

Capacity debt futures

314.14 %

15.3 %

272.53 %

0.4 %

271.41 %

2,691.93 %

-88.3 %

Coverage of current assets by net working capital overall

1.56 %

119.3 %

-8.07 %

-376.4 %

2.92 %

47.06 %

-96.7 %

General Liquidity

0.33

0%

0.33

-17.5 %

0.40

0.65

-49.2 %

Restricted Liquidity

0.39

8.3 %

0.36

-12.2 %

0.41

1.04

-62.5 %

 

 

Management or rotation

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Need background in operating working capital

69 days

-1.4 %

70 days

-10.3 %

78 days

38 days

81.6 %

Treasury

-73 days

21.5 %

-93 days

-20.8 %

-77 days

9 days

-958.8 %

Inventory turnover of goods

-

-

-

-

-

36 days

-

Average length of credit granted to customers

39 days

-17.0 %

47 days

-7.8 %

51 days

56 days

-30.4 %

Average length of credit obtained suppliers

88 days

-3.3 %

91 days

51.7 %

60 days

57 days

54.4 %

Inventory turnover of raw materials in industrial enterprises

153 days

-21.9 %

196 days

14.0 %

172 days

57 days

168.4 %

Inventory turnover of intermediate and finished products in the industrial enterprise

53 days

12.8 %

47 days

-26.6 %

64 days

205 days

-74.1 %

Rotation tangible assets

53.30 %

13.0 %

47.18 %

-26.8 %

64.45 %

235.75 %

-77.4 %

 

 

Profitability of the business

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Margin trading

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Profitability of the business

7.27 %

52.4 %

4.77 %

-20.8 %

6.02 %

4.55 %

59.8 %

Net profit

2.30 %

296.6 %

0.58 %

-59.7 %

1.44 %

1.62 %

42.0 %

Growth rate of turnover (excluding VAT)

13.61 %

153.0 %

-25.69 %

-1685.8 %

1.62 %

-0.16 %

8606.3 %

Rates integration

30.89 %

-2.4 %

31.65 %

10.4 %

28.67 %

38.87 %

-20.5 %

Rate leasing furniture

2.97 %

-6.3 %

3.17 %

-10.5 %

3.54 %

0.00 %

0%

Work Factor

66.78 %

-8.7 %

73.15 %

4.8 %

69.81 %

81.06 %

-17.6 %

Weight interests

0.89 %

-25.2 %

1.19 %

6.3 %

1.12 %

0.29 %

206.9 %

 

 

Return on capital

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Cash flow from the overall profitability

3.77 %

-61.4 %

9.77 %

172.1 %

3.59 %

4.73 %

-20.3 %

Rates of economic profitability

6.00 %

100.0 %

3.00 %

-40.0 %

5.00 %

13.00 %

-53.8 %

Financial profitability

41,834,369.00 %

2.4 %

40,840,421.00 %

-7.4 %

44,120,871.00 %

291,753.50 %

14238.9 %

Return on investment

2.50 %

104.9 %

1.22 %

-44.3 %

2.19 %

6.41 %

-61.0 %

 

 

Management intermediate balances

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Turnover

42,222,411

13.6 %

37,164,157

-25.7 %

50,012,573

1,056,451

3896.6 %

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Sales of goods

0

0%

0

0%

0

-

- Purchase of goods

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%

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Sale of goods produced

42,222,410

13.6 %

37,164,157

-25.7 %

50,012,573

-

+/- Stocked production

951,259

197.0 %

-981,064

66.2 %

-2,904,539

-

+ Self-constructed assets

419,642

87.7 %

223,625

-83.1 %

1,320,468

-

Period production

43,593,311 €

19.7 %

36,406,718 €

-24.8 %

48,428,502 €

840,696 €

5085.4 %

103.25 % CA

5.4 %

97.96 % CA

1.2 %

96.83 % CA

100.00 % CA

3.3 %

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Trading margin

0

0%

0

0%

0

0

0%

+ Period Production

43,593,311

19.7 %

36,406,718

-24.8 %

48,428,502

840,696

5085.4 %

- Purchase of raw materials

19,808,436

32.2 %

14,981,328

-18.1 %

18,290,777

-

+/- Change in stocks of raw materiels

-252,989

-143.6 %

580,717

-81.5 %

3,133,909

-

- Other external purchases and charges

10,995,216

21.1 %

9,081,963

-28.3 %

12,666,038

-

Added value

13,042,648 €

10.9 %

11,762,710 €

-18.0 %

14,337,778 €

478,942 €

2623.2 %

30.89 % CA

-2.4 %

31.65 % CA

10.4 %

28.67 % CA

38.87 % CA

-20.5 %

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Added value

13,042,648 €

10.9 %

11,762,710 €

-18.0 %

14,337,778 €

478,942 €

2623.2 %

+ Operating grants

7,930

-62.1 %

20,913

-24.4 %

27,659

-

- Tax, duty and similar payments

1,268,921

-9.7 %

1,405,139

4.3 %

1,347,854

-

- Personal charges

8,710,124

1.2 %

8,604,024

-14.0 %

10,008,552

-

Gross operating surplus

3,071,533 €

73.1 %

1,774,460 €

-41.0 %

3,009,031 €

41,651 €

7274.5 %

7.27 % CA

52.4 %

4.77 % CA

-20.8 %

6.02 % CA

4.55 % CA

59.8 %

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Gross operating surplus

3,071,533 €

73.1 %

1,774,460 €

-41.0 %

3,009,031 €

41,651 €

7274.5 %

+ Release of reserves and provisions

2,746,558

341.7 %

621,778

-30.3 %

892,179

-

+ Other operating income

3,477

16457.1 %

21

-98.7 %

1,556

-

- Depreciation/ Amortisation

4,111,439

2.6 %

4,006,736

17.5 %

3,410,106

-

- Other charges

832,735

24.8 %

667,484

41.5 %

471,569

-

Operating result

877,394 €

138.5 %

-2,277,961 €

-10900.6 %

21,091 €

15,764 €

5466.0 %

2.08 % CA

133.9 %

-6.13 % CA

-15425.0 %

0.04 % CA

2.08 % CA

0%

Operating result

877,394 €

138.5 %

-2,277,961 €

-10900.6 %

21,091 €

15,764 €

5466.0 %

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

0

0%

0

0%

0

-

+ Financial income

229,139

230.4 %

69,358

-77.9 %

314,062

-

- Financial charges

374,657

-15.6 %

443,879

-20.5 %

558,145

-

Pre-tax result

731,876 €

127.6 %

-2,652,482 €

-1089.5 %

-222,992 €

15,618 €

4586.1 %

1.73 % CA

124.2 %

-7.14 % CA

-1486.7 %

-0.45 % CA

1.80 % CA

-3.9 %

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Extraordinary income

552,016

-80.9 %

2,884,187

84.9 %

1,559,973

1,091

50520.4 %

- Extraordinary charges

383,981

187.5 %

133,565

-74.9 %

533,094

-

Extraordinary result

168,035 €

-93.9 %

2,750,622 €

167.9 %

1,026,879 €

0 €

0%

0.40 % CA

-94.6 %

7.40 % CA

261.0 %

2.05 % CA

0.00 % CA

0%

 

 

31/12/2014

Variation

31/12/2013

Variation

31/12/2012

Sector Median 2014

Pre-tax result

731,876 €

127.6 %

-2,652,482 €

-1089.5 %

-222,992 €

15,618 €

4586.1 %

Extraordinary result

168,035 €

-93.9 %

2,750,622 €

167.9 %

1,026,879 €

0 €

0%

- Employee profit sharing

0

0%

0

0%

0

-

- Tax on profits

-71,812

38.8 %

-117,379

-240.5 %

83,553

-

Net result

971,723 €

350.9 %

215,519 €

-70.1 %

720,334 €

16,875 €

5658.5 %

2.30 % CA

296.6 %

0.58 % CA

-59.7 %

1.44 % CA

1.62 % CA

42.0 %

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.96

UK Pound

1

Rs.99.73

Euro

1

Rs.71.84

 

 

INFORMATION DETAILS

 

Analysis Done by :

HNA

 

 

Report Prepared by :

ANK

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

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

 

Unlimited

71-85

Aa

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

 

Large

56-70

A

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

 

Fairly Large

41-55

Ba

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

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

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

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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

 

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

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

 

 

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

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