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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

503054

Report Date :

10.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SOCIETE P K B

 

 

Registered Office :

Societe P K B 1 Route D Orleans 27930 Angerville La Campagne

 

 

Country :

France

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

January 1955

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Manufacture of packaging, conditioning and weighing equipment

 

 

No. of Employees :

43 (2006)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

C

 

Credit Rating

Explanation

Rating Comments

C

Medium High Risk

Business dealings permissible preferably on secured basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow and delayed

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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. France is the most visited country in the world with 83 million foreign tourists in 2016, including 530,000 visitors for the 2016 Euro Cup. 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 grew by 1.6% in 2017, up from 1.2% the year before. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2015, before falling to 9.5% in 2017. Youth unemployment in metropolitan France decreased from 24.6% in the fourth quarter of 2014 to 24% in the fourth quarter of 2016.

France’s public finances have historically been strained by high spending and low growth. Despite measures to restore public finances, the budget deficit rose from 3.3% of GDP in 2008 to 7.5% of GDP in 2009. In 2017, the budget deficit improved to 2.9% of GDP, bringing it in compliance with the EU-mandated 3% deficit target. Meanwhile, France's public debt rose from 89.5% of GDP in 2012 to 96.9% in 2017.

Since entering office in May 2017, President Emmanuel MACRON launched a series of economic reforms to improve competitiveness and boost economic growth. President MACRON campaigned on reforming France’s labor code and in late 2017 implemented a range of reforms to increase flexibility in the labor market by making it easier for firms to hire and fire and simplifying negotiations between employers and employees. In addition to labor reforms, President MACRON’s proposed 2018 budget cuts public spending, taxes, and social security contributions to spur private investment and increase purchasing power.

 

Source : CIA

 

Company summery

 

SIRET

552 150 146 00033

Name

SOCIETE P K B

Acronym

-

Trade name

-

Status

Economically active

Postal Address

SOCIETE P K B
1 ROUTE D ORLEANS
27930 ANGERVILLE LA CAMPAGNE
FRANCE

Share Capital

500,000 Euros

Telephone

02 32 37 96 32

Activity (APE)

Manufacture of packaging, conditioning and weighing equipment (2829A)

RCS Registration

RCS Evreux B 552 150 146

Formation Date

01/1955

EUR VAT Number

FR74552150146

Deregistration Date

-

Last account Date

31/12/2006

Court Registry Number

19 7 5B00097

Incorporiation Date

12/1975

Registration Court

Evreux (27)

Fax

02 32 37 84 08

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

31/12/2006

7,121,728 €

-5.08% Turnover

1,423,401 €

-401,862 €

43 employees

31/12/2005

6,024,893 €

1.48% Turnover

1,826,070 €

14,691 €

40 employees

31/12/2004

6,516,112 €

7% Turnover

1,823,294 €

234,458 €

36 employees

 

 

Directors

 

Current Directors

4

 

 

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

2829A

Activity

Manufacture of packaging, conditioning and weighing equipment

Formation Date

03/2007

Reason for Formation

Formation

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

-

Trading Address

1 ROUTE D'ORLEANS
27930 ANGERVILLE LA CAMPAGNE

Department

Eure (27)

Location Surface

-

District

3

City

ANGERVILLE LA CAMPAGNE

Status

Economically active

Business Pages FT®

MACHINES, MATERIEL ET FOURNITURES POUR EMBALLAGES, CONDITIONNEMENTS

Region

-

Area

11

Size of Urban Area

Establishment in a rural municipality

 

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

SOCIETE P K B

Head Office

2829A

Manufacture of packaging, conditioning and weighing equipment

ANGERVILLE LA CAMPAGNE

27930

SOCIETE P K B

Branch

2829A

Manufacture of packaging, conditioning and weighing equipment

PREY

27220

SOCIETE P K B

Branch

2829A

Manufacture of packaging, conditioning and weighing equipment

MONTGERON

91230

 

Workforces

Workforce at address

50 to 99 employees

Company workforce

50 to 99 employees

 

 

Workforce account

20 to 49 employees

 

 

31/12/2006

 

 

 

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 return on total assets employed is negative

The debtor days are 153.20

The sales to current assets ratio is 0.93

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

The tangible fixed assets are 131,129 €

The ratio total assets to total liabilities is 1.22

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

The company is 63 years old

 

 

Industry comparison

Activity (APE)

Manufacture of packaging, conditioning and weighing equipment (2829A)

 

Collective procedures

No judgment information for the company

 

 

Preferential rights details and history

 

Summary of preferential rights

Company monitored since

02/06/2009

Status of Monitoring

No social security and tax office preferential right to date

 

Group Data

No group information available for the company

 

Linkages

No Linkages information available for the company.

 

Director(s)

Name

M. GUYARD CHRISTOPHE MARIE SYLVAIN PIERRE

Manager position

President

Date of birth

27/04/1956

Place of birth

BOULOGNE BILLANCOURT

Type

Individual

Name at birth

Name

Mme. MARTIN KARINE

Manager position

Managing director

Date of birth

04/08/1971

Place of birth

BOULOGNE BILLANCOURT

Type

Individual

Name at birth

 

Statutory Auditor

Name

C.P.C. S.A. D'EXPERTISE COMPTABLE ET DE COMMISSARIAT AUX COMPTES

Name of representative

Manager position

Deputy auditor

Date of birth

-

Place of birth

Type

Moral person

Name at birth

Name

F.D. & ASSOCIES

Name of representative

Manager position

Statutory auditor

Date of birth

-

Place of birth

Type

Moral person

Name at birth

 

Previous Directors

Manager position

Title and name

Date of Birth/Place of Birth

President

M. GUYARD CHRISTOPHE MARIE SYLVAIN PIERRE

27/04/1956 - 92 BOULOGNE BILLANCOURT

 

Status history

No Status History

 

Recent publications in Gazettes

Publication date

Gazette Name

Description

06/12/2015

Bodacc B

Modification et mutation diverse

27 - EURE

GREFFE DU TRIBUNAL DE COMMERCE D'ÉVREUX

338 - 552 150 146 RCS Evreux. P K B. Forme : Société par actions simplifiée. Administration : Président : GUYARD Christophe Marie Sylvain Pierre modification le 24 Août 2015 Commissaire aux comptes suppléant : C. P. C. S. A. D'EXPERTISE COMPTABLE ET DE COMMISSARIAT AUX COMPTES en fonction le 24 Août 2015 Commissaire aux comptes titulaire : F. D. & ASSOCIES en fonction le 24 Août 2015 Directeur général : MARTIN Karine en fonction le 30 Novembre 2015. Activité : .
Commentaires : Modification de représentant..

02/12/2015

JAL

Appointment of the social representative

Réveil Normand (Le)


Date de décision : 30/06/2015
Société faisant l'objet d'une nomination : 552150146 - SOCIETE P K B, 1 RTE D'ORLEANS, 27930 ANGERVILLE LA CAMPAGNE
Nominé : Madame Karine MARTIN, 76000 ROUEN
En la fonction de : Directeur général

01/09/2015

Bodacc B

Modification et mutation diverse

27 - EURE

GREFFE DU TRIBUNAL DE COMMERCE D'ÉVREUX

211 - 552 150 146 RCS Evreux. P K B. Forme : Société par actions simplifiée. Administration : Président : GUYARD Christophe Marie Sylvain Pierre modification le 24 Août 2015 Commissaire aux comptes suppléant : C. P. C. S. A. D'EXPERTISE COMPTABLE ET DE COMMISSARIAT AUX COMPTES en fonction le 24 Août 2015 Commissaire aux comptes titulaire : F. D. & ASSOCIES en fonction le 24 Août 2015. Activité : .
Commentaires : Modification de représentant.

23/01/2011

Bodacc B

Modification et mutation diverse

27 - EURE

GREFFE DU TRIBUNAL DE COMMERCE D'ÉVREUX

43 - 552 150 146 RCS Evreux. P K B. Forme : Société par actions simplifiée. Administration : Président de la société : GUYARD Christophe Marie Sylvain Pierre Commissaire aux comptes titulaire : GOURVES Aline Commissaire aux comptes suppléant : FAVERIS Jacques. Capital : 500000 EUR. Activité : L'étude, la fabrication, la commercialistaion, le négoce de machines de conditionnement et d'emballage et plus généralement : l'étude, l'achat, la fabrication, la mise au point, le négoce, la vente, la location, l'échange, l'entretien, la réparation, l'intégration, l'ingenierie, le service après-vente de toutes machines, équipements, matériels, accessoires, marchandises, lignes de conditionnement et d'emballage et de toutes opérations s'y rattachant - La prise, l'obtention, l'acquisition de tous brevets et licences relatifs aux objets ci-dessus indiqués. Adresse de l’établissement principal : 1 route d'Orléans, 27930 Angerville-la-Campagne.
Adresse du siège social : 1 route d'Orléans, 27930 Angerville-la-Campagne.
Commentaires : Augmentation de capital. Date de commencement de l’activité : 01/01/1948. Date d’effet : 03/12/2010.

22/12/2010

JAL

Modification of the share capital

Réveil Normand (Le)


Date de décision : 03/12/2010
La société : 552150146 - SOCIETE P K B, 1 RTE D'ORLEANS, 27930 ANGERVILLE LA CAMPAGNE a subi une augmentation de son capital social désormais de 500 000 €
Date d'effet : 03/12/2010

29/10/2010

Bodacc C

Comptes annuels et rapports

27 - EURE

GREFFE DU TRIBUNAL DE COMMERCE D'ÉVREUX

3667 - 552150146 RCS. P K B. Forme : Société par actions simplifiée. Adresse : 1 route d'Orléans 27930 Angerville-la-Campagne. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.

28/01/2010

Bodacc C

Comptes annuels et rapports

27 - EURE

GREFFE DU TRIBUNAL DE COMMERCE D'EVREUX

1390 - 552150146 RCS. P K B. Forme : Société par actions simplifiée. Adresse : 1 route d'Orléans 27930 Angerville-la-Campagne. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2005.

10/01/2010

Bodacc B

Modification et mutation diverse

27 - EURE

GREFFE DU TRIBUNAL DE COMMERCE D'EVREUX

344 - 552 150 146 RCS Evreux. P K B. Forme : Société par actions simplifiée. Administration : Président de la société : GUYARD Christophe Marie Sylvain Pierre Commissaire aux comptes titulaire : GOURVES Aline Commissaire aux comptes suppléant : FAVERIS Jacques. Capital : 200000 EUR. Activité : L'étude, la fabrication, la commercialistaion, le négoce de machines de conditionnement et d'emballage et plus généralement : l'étude, l'achat, la fabrication, la mise au point, le négoce, la vente, la location, l'échange, l'entretien, la réparation, l'intégration, l'ingenierie, le service après-vente de toutes machines, équipements, matériels, accessoires, marchandises, lignes de conditionnement et d'emballage et de toutes opérations s'y rattachant - La prise, l'obtention, l'acquisition de tous brevets et licences relatifs aux objets ci-dessus indiqués. Adresse de l’établissement principal : 1 route d'Orléans, 27930 Angerville-la-Campagne.
Adresse du siège social : 1 route d'Orléans, 27930 Angerville-la-Campagne.
Commentaires : Transfert du siège et de l'établissement principal avec création. Date de commencement de l’activité : 01/01/1948. Date d’effet : 10/12/2009.

21/02/2009

Bodacc C

Comptes annuels et rapports

27 - EURE

GREFFE DU TRIBUNAL DE COMMERCE D'EVREUX

2318 - 552150146 RCS. P K B. Forme : Société par actions simplifiée. Adresse : 1 rue de la Fortelle 27220 Prey. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2001.

21/02/2009

Bodacc C

Comptes annuels et rapports

27 - EURE

GREFFE DU TRIBUNAL DE COMMERCE D'EVREUX

2319 - 552150146 RCS. P K B. Forme : Société par actions simplifiée. Adresse : 1 rue de la Fortelle 27220 Prey. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2003.

31/10/2008

Bodacc C

Comptes annuels et rapports

27 - EURE

GREFFE DU TRIBUNAL DE COMMERCE D'EVREUX

1678 - 552150146 RCS. P K B. Forme : Société par actions simplifiée. Adresse : 1 rue de la Fortelle 27220 Prey. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2004.

30/12/2005

Bodacc C

Avis de dépôt des comptes

725 - RCS Evreux B 552 150 146. RC 75-B 97. P K B. Forme: SAS . Adresse du siège social: 1, rue de la Fortelle,Prey, 27220 Saint-André-de-L'eure. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2002.

06/02/2002

Bodacc B

Modifications et mutations diverses

RCS Evreux B 552150146 RC 75-B 97 P.K.B. Forme : S.A.S. Capital : 200 000 euros. Adresse du siège social : 1 rue de la Fortelle, Prey 27220 Saint-André-de-l' Eure. Administration : commissaire aux comptes titulaire : M m e GOURVES ( Aline). Commissaire aux comptes suppléant : FAVERIS (Jacques). Ancien commissaire aux comptes suppléant : BEIGNON (René) Etablissement principal: Activité : études, fabrication, commercialisation, négoce de machines de conditionnement et d'emballage plus généralement, études, achat, fabrication et mise au point. Négoce, vente, location, échange, entretien, réparation, intégration, ingénierie, service après-vente de toutes machines, d'équipement, de matériel, d' accessoires, de marchandises, de lignes de conditionnement ou d'emballage et de toutes opérations s'y rattachant. Prise, obtention, acquisition de tous brevets et de licences s'y rattachant. Adresse : 1 rue de la Fortelle, Prey 27220 Saint- André-de-l'Eure. Date d'effet : 28 juin 1996 (régularisation).

06/02/2002

Bodacc B

Modifications et mutations diverses

RCS Evreux B 552150146 RC 75-B 97 P.K.B. Forme : S.A.S. Capital : 200 000 euros. Adresse du siège social : 1 rue de la Fortelle, Prey 27220 Saint-André-de-l' Eure. Administration : commissaire aux comptes titulaire : M m e GOURVES ( Aline). Commissaire aux comptes suppléant : FAVERIS (Jacques). Ancien commissaire aux comptes titulaire : BLOIS (Bernard). Ancien commissaire aux comptes suppléant : AUDIT CONSULTANTS Etablissement principal: Activité : études, fabrication, commercialisation, négoce de machines de conditionnement et d'emballage plus généralement, études, achat, fabrication, mise au point, négoce, vente, location, échange, entretien, réparation, intégration, ingénierie, service après-vente de toutes machines, d'équipement, de matériel, d'accessoires, de marchandises, de lignes de conditionnement ou d'emballage et de toutes opérations s'y rattachant. Prise, obtention, acquisition de tous brevets et de licences s'y rattachant. Adresse : 1 rue de la Fortelle, Prey 27220 Saint- André-de-l'Eure. Date d'effet : 30 juin 2000.

18/01/2002

Bodacc B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Evreux B 552150146 RC 75-B 97 P.K.B. Forme : S.A. Capital : 500 000 F. Adresse : 1 rue de la Fortelle, Prey 27220 Saint- André-de-l'Eure. Administration : commissaire aux comptes titulaire : M m e GOURVES (Aline). Commissaire aux comptes suppléant : FAVERIS (Jacques). Ancien président du conseil d' administration : GUYARD (Christophe). Anciens administrateurs : D'HARCOURT ( Pierre) ENGEL (Xavier) Nouvelle situation du siège social. Forme : S.A.S. Capital : 200 000 euros Etablissement principal: Activité : études, fabrication, commercialisation, négoce de machines de conditionnement et d' emballage plus généralement, études, achat, fabrication, mise au point, négoce, vente, location, échange, entretien, réparation, intégration, ingénierie, service après-vente de toutes machines, équipements, matériel, accessoires, marchandises, lignes de conditionnement et d'emballage et de toutes opérations s'y rattachant. Prise, obtention, acquisition de tous brevets et licences relatifs aux objets ci- dessus indiqués. Adresse : 1 rue de la Fortelle, Prey 27220 Saint-André-de-l' Eure. Commentaires : modification survenue sur le capital. Date d'effet : 22 juin 2001.

12/06/1998

Bodacc B

Modifications et mutations diverses

RCS o. RCS Evreux B 552 150 146 RC RC 75- B 97 P.K.B. Forme : S.A. à conseil d' administration. Capital : 500 000 F. Adresse du siège social : La Fortelle Prey 27220 Saint-André-de-l'Eure. Administration : président du conseil d' administration et administrateur : GUYARD (Christophe, Marie, Sylvain) Administrateurs : D'HARCOURT (Pierre- François, Amédée) ENGEL (Xavier, Michel). Commissaire aux comptes titulaire : BLOIS (Bernard). Commissaire aux comptes suppléant : BEIGNON (René). : Ancien président du conseil d'administration et ancien administrateur : CALISE (Pierre). Anciens administrateurs : CALISE (Jean- Louis) BRAUN (Maurice) Etablissement principal: Activité : étude, réalisation de toutes marchandises à conditionner, accessoires et leur vente. Adresse : La Fortelle Prey 27220 Saint-André-de-l' Eure Date de début d'activité: 1er janvier 1948. Date d'effet : 20 mars 1998.

 

Company events history

Date

Description

06/12/2015

Bodacc B: Various editing or changing

27/11/2015

Minutes of general meeting of shareholders

27/11/2015

Changes to the Board of Directors

01/09/2015

Bodacc B: Various editing or changing

11/08/2015

Minutes of general meeting of shareholders

11/08/2015

New auditor

30/06/2015

Legal Gazette: Appointment of the social representative

23/01/2011

Bodacc B: Various editing or changing

06/01/2011

Updated articles of association

06/01/2011

Minutes of general meeting of shareholders

06/01/2011

Capital increase

03/12/2010

Other modification of Establishment

03/12/2010

Legal Gazette: Modification of the share capital

29/10/2010

Bodacc C : Deposit accounts notice

28/01/2010

Bodacc C : Deposit accounts notice

10/01/2010

Bodacc B: Various editing or changing

17/12/2009

Updated articles of association

17/12/2009

Registered office transferred inside jurisdiction of the Commercial Court

17/12/2009

Minutes of general meeting of shareholders

10/12/2009

Update of Company Workforce

10/12/2009

Transfer of Establishment

10/12/2009

Update of Company Head Office Identifier

02/06/2009

Collection of preferential rights activated for this company

21/02/2009

Bodacc C : Deposit accounts notice

31/10/2008

Bodacc C : Deposit accounts notice

23/03/2007

Formation of Establishment

31/12/2006

New accounts available

31/12/2005

New accounts available

31/12/2004

New accounts available

31/12/2003

New accounts available

12/12/2001

Change to corporate purpose

12/12/2001

Capital increase

12/12/2001

Audit or Management Report

12/12/2001

Appointment/resignation of company officers

12/12/2001

Conversion of equity to euro

12/12/2001

Minutes of general meeting of shareholders

12/12/2001

New chairman (CEO, CoB)

12/12/2001

New legal form – new category

12/12/2001

New legal form – no new category

12/12/2001

Private document

12/12/2001

Reconstitution of net assets

12/12/2001

Updated articles of association

12/12/2001

New auditor

30/04/1998

New chairman (CEO, CoB)

30/04/1998

Minutes of general meeting of shareholders

30/04/1998

Minutes of Board meeting

30/04/1998

Changes to the Board of Directors

30/04/1998

Appointment/resignation of company officers

30/04/1998

Amendment

30/04/1998

Private document

 

Establishment events history

Date

Description

05/08/2016

Update of phone numbers

31/03/2016

Update of phone numbers

23/02/2014

Update of phone numbers

05/10/2010

Update of phone numbers

10/12/2009

Modification of Head office (after transfer)

10/12/2009

Update of Establishment Workforce

13/06/2007

Update of phone numbers

23/03/2007

Formation of Establishment

Financial

 

Synthesized Accounts

Annual Accounts

31/12/2006

31/12/2005

31/12/2004

Account period (month)

12

12

12

Account Type

Normal

Normal

Normal

Date of capture

22/09/2010

16/12/2009

-

Activity Code

2829A

2829A

2829A

Employees

43

40

36

Active account

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

168,353

-35.3%

260,179

-10.1%

289,427

95,184

76.9%

Intangible assets

35,701

-13.9%

41,473

40.5%

29,525

5,881

507.1%

Tangible assets

131,129

-39.6%

217,013

-16.0%

258,206

46,738

180.6%

Financial assets

1,523

-10.0%

1,693

0%

1,693

2,621

-41.9%

Net current assets

7,697,161

34.7%

5,713,859

44.0%

3,967,709

586,760

1211.8%

Stocks

2,499,816

45.9%

1,712,867

10.6%

1,548,504

125,315

1894.8%

Advanced payments

257,216

199.2%

85,975

1768.2%

4,602

0

0%

Receivables

2,989,191

14.9%

2,601,265

79.9%

1,446,256

298,824

900.3%

Securities and cash

1,950,938

48.5%

1,313,752

35.7%

968,345

54,369

3488.3%

Prepaid expenses

-

-

-

-

-

974

-

Accounts of regularization

2,043

0%

0

0%

4,910

0

0%

Total Assets

7,867,557

31.7%

5,974,039

40.2%

4,262,048

774,605

915.7%

Passive Account

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Shareholders' equity

1,423,401

-22.1%

1,826,070

0.2%

1,823,294

189,282

652.0%

Share capital

200,000

0%

200,000

0%

200,000

55,000

263.6%

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

288,876

3.6%

278,748

-14.6%

326,475

0

0%

Liabilities

6,155,282

59.1%

3,869,109

83.2%

2,112,278

474,033

1198.5%

Financial liabilities

737,196

-20.3%

925,513

138865.9%

666

58,922

1151.1%

Advanced payments received

2,989,633

180.9%

1,064,265

59.9%

665,440

0

0%

Trade account payables

1,799,390

43.9%

1,250,513

26.8%

986,208

176,688

918.4%

Tax and social liabilities

551,368

16.5%

473,126

15.7%

408,768

138,740

297.4%

Other debts and fixed assets liabilities

13,802

-13.9%

16,024

-44.0%

28,605

7,721

78.8%

Account regularization

63,893

-54.3%

139,780

518.8%

22,590

0

0%

Total liabilities

7,867,557

31.7%

5,974,039

40.2%

4,262,048

774,605

915.7%

Results

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Sales of Goods

8,081,464

25.9%

6,418,622

-9.0%

7,051,444

1,164,573

593.9%

Net turnover

7,121,728

18.2%

6,024,893

-7.5%

6,516,112

1,084,428

556.7%

of which net export turnover

3,704,363

56.3%

2,370,518

-23.9%

3,114,138

19,300

19093.6%

Operating charges

8,586,837

33.6%

6,425,400

-3.4%

6,654,901

1,070,140

702.4%

Operating profit/loss

-505,373

-7356.1%

-6,778

-101.7%

396,542

31,811

-1688.7%

Financial income

47,611

84.6%

25,789

41.8%

18,191

441

10696.1%

Financial charges

34,889

88.2%

18,541

67.3%

11,082

3,174

999.2%

Financial profit/loss

12,722

75.5%

7,248

2.0%

7,109

-1,104

1252.4%

Pretax net operating income

-492,651

-104919.4%

470

-99.9%

403,651

28,814

-1809.8%

Extraordinary income

128,697

374.2%

27,138

149.3%

10,884

2,218

5702.4%

Extraordinary charges

37,909

739.4%

4,516

-86.9%

34,504

2,642

1334.9%

Extraordinary profit/loss

90,788

301.3%

22,622

195.8%

-23,619

0

0%

Net result

-401,862

-2835.4%

14,691

-93.7%

234,458

25,722

-1662.3%

Accounts - Active

Normal Account

31/12/2006

31/12/2005

31/12/2004

Months

12

12

12

Grand Total - Active Accounts (I to VI)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Grand Total (I to VI)

Net

7,867,557

31.7%

5,974,039

40.2%

4,262,048

Gross

CO

8,642,658

30.2%

6,638,707

37.1%

4,843,725

Amortisation

1A

775,101

16.6%

664,668

14.3%

581,677

Non declared distributed capital (I)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Non declared distributed capital (I)

AA3

0

0%

0

0%

0

Gross

AA

0

0%

0

-

-

Active fixed asset (II)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total Active fixed asset (II)

Net

168,353

-35.3%

260,179

-10.1%

289,427

Gross

BJ

851,398

-1.6%

865,199

6.0%

816,608

Amortisation

BK

683,045

12.9%

605,020

14.8%

527,180

Intangible fixed assets

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

2,625

0%

2,625

0.0%

2,624

Gross

AF

2,625

0%

2,625

0.0%

2,624

Amortisation

AG

0

0%

0

0%

0

Goodwill

Net

0

0%

0

0%

0

Gross

AH

0

0%

0

0%

0

Amortisation

AI

0

0%

0

0%

0

Other intangible fixed assets

Net

33,076

-14.9%

38,848

44.4%

26,901

Gross

AJ

138,800

9.5%

126,750

33.8%

94,748

Amortisation

AK

105,724

20.3%

87,902

29.6%

67,847

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

35,701

-13.9%

41,473

40.5%

29,525

Tangible fixed assets

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Lands

Net

5,706

0%

5,706

0%

5,706

Gross

AN

7,040

0%

7,040

0%

7,040

Amortisation

AO

1,334

0%

1,334

0%

1,334

Buildings

Net

26,135

-39.1%

42,895

-37.7%

68,823

Gross

AP

339,410

0.6%

337,474

-0.1%

337,795

Amortisation

AQ

313,275

6.3%

294,579

9.5%

268,972

Plant

Net

42,463

-53.9%

92,164

-20.6%

116,086

Gross

AR

169,120

-18.9%

208,627

-3.3%

215,707

Amortisation

AS

126,657

8.8%

116,463

16.9%

99,621

Other tangible fixed assets

Net

54,318

-28.8%

76,248

12.8%

67,591

Gross

AT

190,373

5.2%

180,990

15.3%

156,998

Amortisation

AU

136,055

29.9%

104,742

17.2%

89,407

Fixed assets in construction

Net

2,507

0%

0

0%

0

Gross

AV

2,507

0%

0

0%

0

Amortisation

AW

0

0%

0

0%

0

Advances and payments on account

Net

0

0%

0

0%

0

Gross

AX

0

0%

0

0%

0

Amortisation

AY

0

0%

0

0%

0

Sub Total Tangible asset

Net

131,129

-39.6%

217,013

-16.0%

258,206

Financial assets

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Associates at equity

Net

0

0%

0

0%

0

Gross

CS

0

0%

0

0%

0

Amortisation

CT

0

0%

0

0%

0

Other participations

Net

0

0%

0

0%

0

Gross

CU

0

0%

0

0%

0

Amortisation

CV

0

0%

0

0%

0

Inter-company receivables

Net

0

0%

0

0%

0

Gross

BB

0

0%

0

0%

0

Amortisation

BC

0

0%

0

0%

0

Other investment securities

Net

0

0%

0

0%

0

Gross

BD

0

0%

0

0%

0

Amortisation

BE

0

0%

0

0%

0

Loans

Net

0

0%

0

0%

0

Gross

BF

0

0%

0

0%

0

Amortisation

BG

0

0%

0

0%

0

Other financial assets

Net

1,523

-10.0%

1,693

0%

1,693

Gross

BH

1,523

-10.0%

1,693

0%

1,693

Amortisation

BI

0

0%

0

0%

0

Sub Total Financial assets

Net

1,523

-10.0%

1,693

0%

1,693

Current Assets (III)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total Current Assets

Net

7,697,161

34.7%

5,713,859

44.0%

3,967,709

Gross

CJ

7,789,218

34.9%

5,773,508

43.5%

4,022,206

Amortisation

CK

92,057

54.3%

59,649

9.5%

54,496

Stocks

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Raw materials

Net

557,255

2.3%

544,850

-3.7%

565,540

Gross

BL

609,700

4.6%

582,950

-3.1%

601,906

Amortisation

BM

52,445

37.7%

38,100

4.8%

36,366

Work in progress (goods)

Net

1,641,006

70.3%

963,421

15.0%

837,497

Gross

BN

1,641,006

70.3%

963,421

15.0%

837,497

Amortisation

BO

0

0%

0

0%

0

Work in progress (services)

Net

0

0%

0

0%

0

Gross

BP

0

0%

0

0%

0

Amortisation

BQ

0

0%

0

0%

0

Semi-finished and finished products

Net

301,555

47.4%

204,596

40.6%

145,467

Gross

BR

301,555

47.4%

204,596

40.6%

145,467

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

2,499,816

45.9%

1,712,867

10.6%

1,548,504

Advance payments to suppliers

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Advance payments to suppliers

Net

257,216

199.2%

85,975

1768.2%

4,602

Gross

BV

257,216

199.2%

85,975

1768.2%

4,602

Amortisation

BW

0

0%

0

0%

0

Debtors

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Trade accounts receivable

Net

1,903,410

5.3%

1,806,865

40.8%

1,283,731

Gross

BX

1,942,347

6.3%

1,827,739

40.5%

1,301,187

Amortisation

BY

38,937

86.5%

20,874

19.6%

17,456

Other debtors

Net

1,030,969

37.7%

748,450

428.2%

141,708

Gross

BZ

1,031,644

37.7%

749,125

426.1%

142,383

Amortisation

CA

675

0%

675

0%

675

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

2,934,379

14.8%

2,555,315

79.3%

1,425,439

Divers

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Investment securities

Net

1,180,809

36.7%

863,752

9.4%

789,438

Gross

CD

1,180,809

36.7%

863,752

9.4%

789,438

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

770,129

71.1%

450,000

151.5%

178,907

Gross

CF

770,129

71.1%

450,000

151.5%

178,907

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

1,950,938

48.5%

1,313,752

35.7%

968,345

Prepaid expenses

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Prepaid expenses

Net

54,812

19.3%

45,950

120.7%

20,817

Gross

CH

54,812

19.3%

45,950

120.7%

20,817

Amortisation

CI

0

0%

0

0%

0

Equalization accounts (IV to VI)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Expenses of loan issue to be spread

CW3

0

0%

0

0%

0

Gross

0

0%

0

-

-

Premiums on redemption of bonds

CM3

0

0%

0

0%

0

Gross

0

0%

0

-

-

Currency differential gain

CN3

2,043

0%

0

0%

4,910

Gross

2,043

0%

0

-

-

References

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Due within one year

CP

0

0%

0

0%

0

Due after one year

CR

60,844

0%

0

0%

0

 

Accounts - Passive

Grand Total - Passive Accounts (I to V)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Grand Total (I to V)

EE

7,867,557

31.7%

5,974,039

40.2%

4,262,048

Shareholder Equity (I)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total shareholders' equity (Total I)

DL

1,423,401

-22.1%

1,826,070

0.2%

1,823,294

Equity and shareholders' equity

DA

200,000

0%

200,000

0%

200,000

Issue and merger premiums

DB

0

0%

0

0%

0

Revaluation differentials

DC

2,317

0%

2,317

0.0%

2,316

Of which equity differential

EK

0

0%

0

0%

0

Legal reserve

DD

20,000

0%

20,000

0%

20,000

Statutory or contractual reserve

DE

0

0%

0

0%

0

Special regulated reserves

DF

0

0%

0

0%

0

Of which special reserve of provisions for current fluctuation

B1

0

0%

0

0%

0

Other reserves

DG

0

0%

0

0%

0

Of which reserve for buying originals works from alive artists

EJ

0

0%

0

0%

0

Profits or losses brought forward

DH

1,593,337

0.9%

1,578,646

17.4%

1,344,187

Profit or loss for the period

DI

-401,862

-2835.4%

14,691

-93.7%

234,458

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

9,609

-7.7%

10,416

-53.4%

22,331

Other capital resources (II)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total provisions for risks and charges (Total III)

DR

288,876

3.6%

278,748

-14.6%

326,475

Risk provisions

DP

117,380

9.4%

107,252

-28.8%

150,701

Reserves for charges

DQ

171,496

0%

171,496

-2.4%

175,773

Liabilities (IV)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total Liabilities (Total IV)

EC

6,155,282

59.1%

3,869,109

83.2%

2,112,278

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

737,196

-20.3%

925,513

138865.9%

666

Sundry loans and financial liabilities

DV

0

0%

0

0%

0

Of which participating loans

EI

0

0%

0

0%

0

Advance payments received for current orders

DW

2,989,633

180.9%

1,064,265

59.9%

665,440

Trade accounts payables

DX

1,799,390

43.9%

1,250,513

26.8%

986,208

Tax and social security liabilities

DY

551,368

16.5%

473,126

15.7%

408,768

Fixed asset liabilities

DZ

0

0%

0

0%

0

Other debts

EA

13,802

-13.3%

15,912

-44.4%

28,605

Translation loss (V)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Translation loss (Total V)

ED

0

0%

112

0%

0

Equalization accounts

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Deferred income

EB

63,893

-54.3%

139,780

518.8%

22,590

References

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Of which tax-allowable reserve

EF

0

0%

0

0%

0

Deferred income and liabilities

EG

2,625,044

26.9%

2,068,959

43.0%

1,446,838

Of which current bank facilities

EH

575

-26.6%

783

0%

0

 

Result account

1 - Operating result (I-II)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Operating result (Total I-II)

GG

-505,373

-7356.1%

-6,778

-101.7%

396,542

2 - Financial result (V-VI)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Financial result (Total V-VI)

GV

12,722

75.5%

7,248

2.0%

7,109

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

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

GW

-492,651

-104919.4%

470

-99.9%

403,651

4 - Extraordinary result (VII-VIII)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Extraordinary result (Total VII-VIII)

HI

90,788

301.3%

22,622

195.8%

-23,619

Profit or loss

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Profit or loss

HN

-401,862

-2835.4%

14,691

-93.7%

234,458

Total Income (I+III+V+VII)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

HL

8,257,772

27.6%

6,471,549

-8.6%

7,080,520

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

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

HM

8,659,635

34.1%

6,456,858

-5.7%

6,846,062

Operating income (I)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total operating income (Total I)

FR

8,081,464

25.9%

6,418,622

-9.0%

7,051,444

Operating income (details)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

6,996,062

18.9%

5,885,963

-8.3%

6,420,349

France

FD

3,336,059

-6.6%

3,570,106

7.5%

3,321,434

Export

FE

3,660,003

58.0%

2,315,857

-25.3%

3,098,914

Sale of services

FI

125,666

-9.5%

138,930

45.1%

95,763

France

FG

81,306

-3.5%

84,269

4.6%

80,539

Export

FH

44,360

-18.8%

54,661

259.1%

15,223

Net turnover

FL

7,121,728

18.2%

6,024,893

-7.5%

6,516,112

France

FJ

3,417,365

-6.5%

3,654,375

7.4%

3,401,973

Export

FK

3,704,363

56.3%

2,370,518

-23.9%

3,114,138

Stocked production

FM

774,545

318.6%

185,053

-8.5%

202,346

Self-constructed assets

FN

98

0%

0

0%

90,000

Operating grants

FO

20,000

62.3%

12,321

-16.9%

14,829

Release of reserves and provisions

FP

164,862

-16.0%

196,340

-13.9%

228,141

Other income

FQ

231

1440.0%

15

7.1%

14

Operating charges (II)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total operating charges (Total II)

GF

8,586,837

33.6%

6,425,400

-3.4%

6,654,901

Exploitation charges

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

4,115,097

52.5%

2,699,144

-8.7%

2,956,606

Change in stocks of raw materials

FV

-26,750

-241.1%

18,956

58.7%

11,948

Other external purchases and charges

FW

1,901,833

44.0%

1,320,484

-15.8%

1,567,596

Tax, duty and similar payments

FX

114,173

17.8%

96,881

5.5%

91,861

Payroll

FY

1,452,636

8.6%

1,337,756

14.2%

1,171,806

Social security costs

FZ

721,148

9.3%

659,638

16.3%

567,305

Depreciation

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Depreciation of fixed assets

GA

107,041

-18.7%

131,691

31.1%

100,436

Amortisation of fixed assets

GB

0

0%

0

0%

0

Depreciation/amortisation of current assets

GC

72,437

57.0%

46,145

15.5%

39,966

Provisions for risks and charges

GD

115,337

7.5%

107,252

-26.4%

145,790

Other charges

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Other charges

GE

13,885

86.3%

7,453

370.8%

1,583

Operating charges (III-IV)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total financial income (Total V)

GP

47,611

84.6%

25,789

41.8%

18,191

Share financial income

GJ

0

0%

0

0%

0

Other investment income & capitalised receivables

GK

0

0%

0

0%

0

Other interest and similar income

GL

20,312

75.0%

11,610

0%

0

Released provisions and transferred charges

GM

0

0%

4,911

-27.2%

6,750

Exchange gains

GN

1,569

-0.4%

1,576

-46.0%

2,916

Net income from disposal of investment securities

GO

25,730

234.5%

7,692

-9.8%

8,524

Financial charge (VI)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total financial charge (Total VI)

GU

34,889

88.2%

18,541

67.3%

11,082

Financial reserves and provisions

GQ

2,043

0%

0

0%

4,910

Interest and similar charges

GR

30,809

96.7%

15,660

0%

0

Exchange losses

GS

2,037

-29.3%

2,881

-53.3%

6,171

Net loss from disposal of investment securities

GT

0

0%

0

0%

0

Extraordinary income (VII)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total extraordinary income (Total VII)

HD

128,697

374.2%

27,138

149.3%

10,884

Extraordinary operating income

HA

0

0%

13,130

638.9%

1,777

Extraordinary income from capital transactions

HB

120,406

0%

0

0%

0

Released provisions and transferred charges

HC

8,291

-40.8%

14,008

53.8%

9,107

Extraordinary charges (VIII)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total extraordinary charges (Total VIII)

HH

37,909

739.4%

4,516

-86.9%

34,504

Extraordinary operating charges

HE

1,701

0%

0

0%

25,455

Extraordinary charges from capital transactions

HF

26,250

0%

0

0%

0

Extraordinary reserves and provisions

HG

9,958

120.5%

4,516

-50.1%

9,048

Employee profit sharing (IX)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Employee profit sharing (Total IX)

HJ

0

0%

0

0%

25,412

Tax on profits (X)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Tax on profits (Total X)

HK

0

0%

8,401

-93.0%

120,161

References

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Of which equipment leases

HP

0

0%

0

0%

0

Of which property leases

HQ

0

0%

0

0%

0

Of which transferred charges

A1

17,581

233.0%

5,280

-53.6%

11,375

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%

-218

-760.6%

33

 

Other incomes tax return forms

Fixed Assets

Grand Total Fixed Assets (I to IV)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Gross value at begin of period

OG

0

0%

0

0%

662,539

Increasess due to revaluation

OH

0

0%

0

0%

0

Decreasess, acquisitions, creations, contributions

OJ

0

0%

0

0%

156,506

Decreasess by budget item transfer

OK1

0

0%

0

0%

2,439

Decreasess by transfers

OK2

57,911

2.9%

56,276

0%

0

Gross value at the end of period

OL

851,397

-1.6%

865,200

6.0%

816,608

Research and development Charge (Total I)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Gross value at begin of period

KD

129,375

32.9%

97,373

12.3%

86,704

Increasess due to revaluation

KE

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

KF

12,050

-62.3%

32,002

144.2%

13,107

Decreasess by budget item transfer

LV1

0

0%

0

0%

2,439

Decreasess by transfers

LV2

0

0%

0

0%

0

Gross value at the end of period

LW

141,425

9.3%

129,375

32.9%

97,372

Tangible fixed assets (Total III)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Gross value at begin of period

LN

734,130

2.3%

717,543

25.0%

574,142

Increasess due to revaluation

LO

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LP

32,058

-56.0%

72,866

-49.2%

143,399

Decreasess by budget item transfer

NG1

0

0%

0

0%

0

Decreasess by transfers

NG2

57,740

2.6%

56,276

0%

0

Gross value at the end of period

NH

708,448

-3.5%

734,133

2.3%

717,540

Financial assets (Total IV)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Gross value at begin of period

LQ

1,693

0%

1,693

0%

1,693

Increasess due to revaluation

LR

0

0%

0

0%

0

Increasess, acquisitions, creations, contributions

LS

0

0%

0

0%

0

Decreasess by budget item transfer

NJ1

0

0%

0

0%

0

Decreasess by transfers

NJ2

171

0%

0

0%

0

Gross value at the end of period

NK

1,522

-10.1%

1,693

0%

1,693

 

Reserve for depreciation

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

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Reserve for depreciation value at begin of period

ON

0

0%

0

0%

426,747

Increases

OP

0

0%

0

0%

100,436

Decreasess

OQ

0

0%

0

0%

0

Reserve for depreciation value at the end of period

OR

0

0%

0

0%

527,184

Research and development charge (Total I)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Reserve for depreciation value at begin of period

PE

87,902

29.6%

67,847

42.9%

47,483

Increases

PF

17,822

-11.1%

20,056

-1.5%

20,363

Decreasess

PG

0

0%

0

0%

0

Decreasess by budget item transfer

PH

105,724

20.3%

87,903

29.6%

67,846

Total fixed assets amotisation (Total III)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Reserve for depreciation value at begin of period

QU

517,120

12.6%

459,335

21.1%

379,264

Increases

QV

91,693

-19.6%

114,060

42.4%

80,073

Decreases

QW

31,490

-44.0%

56,276

0%

0

Decreasess by budget item transfer

QX

577,323

11.6%

517,119

12.6%

459,337

 

Movements during period affecting charge allocated over several period

Deferred charges and debt issuance costs

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Value at begining of period

7C

0

0%

403,303

-7.5%

436,210

Increases

UB

0

0%

155,488

-22.1%

199,714

Decreases

UC

0

0%

209,979

-9.7%

232,621

Value at the end of period

UD

0

0%

348,812

-13.5%

403,303

Includes Total allocations

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Operating

UE

0

0%

0

0%

0

Financial

UG

0

0%

0

0%

0

Exceptional

UJ

0

0%

0

0%

0

Includes Total Withdrawal

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Value at begining of period

3Z

0

0%

22,332

-0.3%

22,389

Increases

TS

0

0%

2,092

-76.9%

9,048

Decreases

TT

0

0%

14,008

53.8%

9,107

Value at the end of period

TU

0

0%

10,416

-53.4%

22,331

Total risk and charge provisions (Total II)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Value at begining of period

5Z

0

0%

326,475

6.2%

307,478

Increases

TV

0

0%

107,252

-28.8%

150,700

Decreases

TW

0

0%

154,979

17.7%

131,704

Value at the end of period

TX

0

0%

278,748

-14.6%

326,474

Total Provision for depreciation (Total III)

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Value at begining of period

7B

0

0%

54,496

-48.8%

106,341

Increases

TY

0

0%

46,145

15.5%

39,966

Decreases

TZ

0

0%

40,992

-55.4%

91,810

Value at the end of period

UA

0

0%

59,649

9.5%

54,496

 

State deadlines claims and debts at the end of period

State claims

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Gross value

VT

0

0%

0

0%

1,466,081

1 year at most

VU

0

0%

0

0%

1,464,388

More than one year

VV

0

0%

0

0%

1,693

State of loans

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Claims related to holdings (gross)

UL

0

0%

0

0%

0

Claims related to shareholdings (1 year at most)

UM

0

0%

0

0%

0

Loans (gross)

UP

0

0%

0

0%

0

Loans (1 year at most)

UR

0

0%

0

0%

0

Other financial assets (gross)

UT

0

0%

0

0%

1,693

Other financial assets (1 year at most)

UV

0

0%

0

0%

0

Receivables statement of assets

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Customers doubtful or disputed

VA

0

0%

0

0%

21,180

Other claims customer

UX

0

0%

0

0%

1,280,007

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%

735

Social Security and other social organizations

UZ

0

0%

0

0%

7,018

Income taxes

VM

0

0%

0

0%

81,487

Value added tax

VB

0

0%

0

0%

38,722

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%

14,420

Prepaid

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Prepaid

VS

0

0%

0

0%

20,817

State Debt

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Total debt (gross)

VY

0

0%

0

0%

1,446,835

1 year at most

VZ2

0

0%

0

0%

1,446,835

More than 1 year and 5 years at most

VZ3

0

0%

0

0%

0

More than 5 years

VZ4

0

0%

0

0%

0

Details

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Convertible bonds (gross)

7Y1

0

0%

0

0%

0

1 year at most

7Y2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Y3

0

0%

0

0%

0

Other bonds (gross)

7Z1

0

0%

0

0%

0

1 year at most

7Z2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Z3

0

0%

0

0%

0

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

VG1

0

0%

0

0%

0

1 year at most

VG2

0

0%

0

0%

0

More than 1 year and 5 years at most

VG3

0

0%

0

0%

0

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

VH1

0

0%

0

0%

666

1 year at most

VH2

0

0%

0

0%

666

More than 1 year and 5 years at most

VH3

0

0%

0

0%

0

Loans and various financial liabilities (gross)

8A1

0

0%

0

0%

0

1 year at most

8A2

0

0%

0

0%

0

More than 1 year and 5 years at most

8A3

0

0%

0

0%

0

Suppliers and associated accounts (gross)

8B1

0

0%

0

0%

986,208

1 year at most

8B2

0

0%

0

0%

986,208

More than 1 year and 5 years at most

8B3

0

0%

0

0%

0

Personnel and associated accounts (gross)

8C1

0

0%

0

0%

146,305

1 year at most

8C2

0

0%

0

0%

146,305

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%

170,393

1 year at most

8D2

0

0%

0

0%

170,393

More than 1 year and 5 years at most

8D3

0

0%

0

0%

0

Taxes on profits (gross)

8E1

0

0%

0

0%

0

1 year at most

8E2

0

0%

0

0%

0

More than 1 year and 5 years at most

8E3

0

0%

0

0%

0

VAT (Gross)

VW1

0

0%

0

0%

38,558

1 year at most

VW2

0

0%

0

0%

38,558

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%

53,510

1 year at most

VQ2

0

0%

0

0%

53,510

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

0

0%

0

0%

28,605

1 year at most

8K2

0

0%

0

0%

28,605

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%

22,590

1 year at most

8L2

0

0%

0

0%

22,590

More than 1 year and 5 years at most

8L3

0

0%

0

0%

0

References

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Loans made during the period

VJ

0

0%

0

0%

0

Debt repaid during the period

VK

0

0%

0

0%

0

 

Table allocation results and other information

Dividends distributed

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Dividends

ZE

0

0%

0

0%

0

Commitments

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

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

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Average number of employees

YP

43

7.5%

40

11.1%

36

Groups and Shareholders

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Groups and Shareholders

ZR

0

-

-

-

-

Ratios

Synthetic financial performance indicators

31/12/2006

31/12/2005

31/12/2004

Score

Situation

Score

Situation

Score

Situation

Hide AFDCC 2

-0.44

Fragility +

3.47

Healthy +

4.00

Healthy +

Description

The AFDCC 2 score uses sectors of activity and company sizes for companies with a turnover of 150 000 to 75 million euros. This calculation allows a classification of the companies in three levels:

-

Healthy: the higher the score value is, the more the company is healthy.

-

Undetermined: it’s impossible to determine the situation.

-

Fragility/Failure: the lower the score value is, the more the company is in danger.

The status are completed which “+/-“ signs.

Hide Conan & Holder

-0.06

90%

0.02

70%

0.09

40%

Description

The Conan and Holder (1979) is a recommended method for industrial companies with a turnover of 150 000 to 75 million euros. It is based only on a balance sheet. This calculation allows a classification of the most perilous situation (Score lower than 0.002) to the healthiest situation (score greater than 0.16):

-

Healthy situation: companies which maintain or develop their activity level.

-

Situation to monitor: companies which has to follow remedial measures or find a new strategy.

-

Perilous situation: companies which could have important cash difficulties and have a failure risk.

Hide Altman

0.89

Bankruptcy

1.64

Bankruptcy

-

-

Description

The Altman score is a method based only on a complete balance sheet, this calculation allows a classification of the companies in three levels:

-

Good shape: companies which have a low risk (with a score value higher than 2.99).

-

Warning signs: companies which should be approached with caution and with a high risk in the next two years for bankruptcy (with a score value between 2.99 and 1.81).

-

Bankruptcy: companies which are in immediate risk (with a score value lower than 1.81).

Structure and Liquidity

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Fixed Asset Financing

3.68

-12.4%

4.20

28.0%

3.28

2.04

80.4%

Global Debt

311 days

34.6%

231 days

97.4%

117 days

142 days

119.0%

Working Capital Fund overall net

115 days

-30.3%

165 days

60.2%

103 days

73 days

58.6%

Financial independence

193.08 %

-2.1%

197.30 %

-99.9%

273,767.87 %

203.68 %

-5.2%

Solvability

18.09 %

-40.8%

30.57 %

-28.5%

42.78 %

34.08 %

-46.9%

Capacity debt futures

-

-

-

-

273,767.87 %

1,041.16 %

-

Coverage of current assets by net working capital overall

25.58 %

-39.1%

42.02 %

8.2%

38.85 %

35.57 %

-28.1%

General Liquidity

-

-

-

-

1.01

0.80

-

Restricted Liquidity

-

-

-

-

1.68

1.22

-

Management or rotation

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Need background in operating working capital

17 days

-81.7%

93 days

89.8%

49 days

43 days

-60.5%

Treasury

99 days

26.9%

78 days

44.4%

54 days

8 days

1137.5%

Inventory turnover of goods

-

-

-

-

-

30 days

-

Average length of credit granted to customers

98 days

-10.1%

109 days

51.4%

72 days

80 days

23.3%

Average length of credit obtained suppliers

108 days

-2.7%

111 days

42.3%

78 days

89 days

21.3%

Inventory turnover of raw materials in industrial enterprises

53 days

-32.1%

78 days

6.8%

73 days

72 days

-26.4%

Inventory turnover of intermediate and finished products in the industrial enterprise

1,005 days

22.4%

821 days

-9.6%

908 days

772 days

30.3%

Rotation tangible assets

1,005.26 %

22.5%

820.68 %

-9.6%

908.12 %

739.00 %

36.0%

Profitability of the business

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Margin trading

0.00 %

0%

0.00 %

0%

0.00 %

0.07 %

0%

Profitability of the business

-5.08 %

-443.2%

1.48 %

-78.9%

7.00 %

5.08 %

-200.0%

Net profit

-5.64 %

-2450.0%

0.24 %

-93.3%

3.60 %

2.63 %

-314.4%

Growth rate of turnover (excluding VAT)

18.21 %

341.5%

-7.54 %

-282.1%

4.14 %

1.47 %

1138.8%

Rates integration

26.77 %

-25.7%

36.04 %

3.4%

34.87 %

38.21 %

-29.9%

Rate leasing furniture

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Work Factor

114.04 %

24.0%

91.99 %

20.2%

76.54 %

82.07 %

39.0%

Weight interests

0.49 %

58.1%

0.31 %

82.4%

0.17 %

0.35 %

40.0%

Return on capital

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Cash flow from the overall profitability

-5.29 %

-311.6%

2.50 %

-53.3%

5.35 %

3.85 %

-237.4%

Rates of economic profitability

-17.00 %

-666.7%

3.00 %

-88.0%

25.00 %

14.00 %

-221.4%

Financial profitability

1,423,401.00 %

-22.1%

1,826,070.00 %

0.2%

1,823,294.00 %

181,386.00 %

684.7%

Return on investment

-16.98 %

-1503.3%

1.21 %

-91.0%

13.46 %

10.63 %

-259.7%

Management intermediate balances

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Turnover

7,121,728

18.2%

6,024,893

-7.5%

6,516,112

1,084,428

556.7%

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

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 €

1,860 €

0%

0.00 % CA

0%

0.00 % CA

0%

0.00 % CA

0.78 % CA

0%

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Sale of goods produced

7,121,728

18.2%

6,024,893

-7.5%

6,516,112

-

+/- Stocked production

774,545

318.6%

185,053

-8.5%

202,346

-

+ Self-constructed assets

98

0%

0

0%

90,000

-

Period production

7,896,371 €

27.2%

6,209,946 €

-8.8%

6,808,458 €

842,168 €

837.6%

110.88 % CA

7.6%

103.07 % CA

-1.4%

104.49 % CA

95.26 % CA

16.4%

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Trading margin

0

0%

0

0%

0

1,860

0%

+ Period Production

7,896,371

27.2%

6,209,946

-8.8%

6,808,458

842,168

837.6%

- Purchase of raw materials

4,115,097

52.5%

2,699,144

-8.7%

2,956,606

-

+/- Change in stocks of raw materiels

-26,750

-241.1%

18,956

58.7%

11,948

-

- Other external purchases and charges

1,901,833

44.0%

1,320,484

-15.8%

1,567,596

-

Added value

1,906,191 €

-12.2%

2,171,362 €

-4.4%

2,272,308 €

490,320 €

288.8%

26.77 % CA

-25.7%

36.04 % CA

3.4%

34.87 % CA

38.21 % CA

-29.9%

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Added value

1,906,191 €

-12.2%

2,171,362 €

-4.4%

2,272,308 €

490,320 €

288.8%

+ Operating grants

20,000

62.3%

12,321

-16.9%

14,829

-

- Tax, duty and similar payments

114,173

17.8%

96,881

5.5%

91,861

-

- Personal charges

2,173,784

8.8%

1,997,394

14.9%

1,739,111

-

Gross operating surplus

-361,766 €

-504.6%

89,408 €

-80.4%

456,165 €

41,185 €

-978.4%

-5.08 % CA

-443.2%

1.48 % CA

-78.9%

7.00 % CA

5.08 % CA

-200.0%

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Gross operating surplus

-361,766 €

-504.6%

89,408 €

-80.4%

456,165 €

41,185 €

-978.4%

+ Release of reserves and provisions

164,862

-16.0%

196,340

-13.9%

228,141

-

+ Other operating income

231

1440.0%

15

7.1%

14

-

- Depreciation/ Amortisation

294,815

3.4%

285,088

-0.4%

286,192

-

- Other charges

13,885

86.3%

7,453

370.8%

1,583

-

Operating result

-505,373 €

-7356.1%

-6,778 €

-101.7%

396,545 €

31,813 €

-1688.6%

-7.10 % CA

-6354.5%

-0.11 % CA

-101.8%

6.09 % CA

3.56 % CA

-299.4%

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Operating result

-505,373 €

-7356.1%

-6,778 €

-101.7%

396,545 €

31,813 €

-1688.6%

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

0

0%

0

0%

0

-

+ Financial income

47,611

84.6%

25,789

41.8%

18,191

-

- Financial charges

34,889

88.2%

18,541

67.3%

11,082

-

Pre-tax result

-492,651 €

-104919.4%

470 €

-99.9%

403,654 €

28,815 €

-1809.7%

-6.92 % CA

-69300.0%

0.01 % CA

-99.8%

6.19 % CA

3.19 % CA

-316.9%

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Extraordinary income

128,697

374.2%

27,138

149.3%

10,884

2,218

5702.4%

- Extraordinary charges

37,909

739.4%

4,516

-86.9%

34,504

-

Extraordinary result

90,788 €

301.3%

22,622 €

195.8%

-23,620 €

0 €

0%

1.27 % CA

234.2%

0.38 % CA

205.6%

-0.36 % CA

0.00 % CA

0%

 

31/12/2006

Variation

31/12/2005

Variation

31/12/2004

Sector Median 2006

Pre-tax result

-492,651 €

-104919.4%

470 €

-99.9%

403,654 €

28,815 €

-1809.7%

Extraordinary result

90,788 €

301.3%

22,622 €

195.8%

-23,620 €

0 €

0%

- Employee profit sharing

0

0%

0

0%

25,412

-

- Tax on profits

0

0%

8,401

-93.0%

120,161

-

Net result

-401,863 €

-2835.4%

14,691 €

-93.7%

234,461 €

25,721 €

-1662.4%

-5.64 % CA

-2450.0%

0.24 % CA

-93.3%

3.60 % CA

2.66 % CA

-312.0%

 

 

Key Performance Indicators

 

Find below a comparison of the company based on the industry code (primary) with other companies from the same industry. The following analysis has been based on the industry code 2829A - Manufacture of packing, packaging and weighing equipment.

Graphical analysis

 

31/12/2006

31/12/2005

31/12/2004

Company Result

7,121,728 €

6,024,893 €

6,516,112 €

Sector Average

4,593,772 €

4,932,867 €

4,909,864 €

 

31/12/2006

31/12/2005

31/12/2004

Company Result

-401,862 €

14,691 €

234,458 €

Sector Average

111,202 €

87,621 €

3,756 €

 

31/12/2006

31/12/2005

31/12/2004

Company Result

3,704,363 €

2,370,518 €

3,114,138 €

Sector Average

1,857,156 €

2,148,702 €

1,968,759 €

 

31/12/2006

31/12/2005

31/12/2004

Company Result

7,867,557 €

5,974,039 €

4,262,048 €

Sector Average

3,313,611 €

3,430,004 €

3,524,414 €

 

31/12/2006

31/12/2005

31/12/2004

Company Result

1,423,401 €

1,826,070 €

1,823,294 €

Sector Average

1,183,743 €

1,214,206 €

1,161,215 €

 

31/12/2006

31/12/2005

31/12/2004

Company Result

6,155,282 €

3,869,109 €

2,112,278 €

Sector Average

1,884,125 €

1,948,567 €

2,075,778 €

 

31/12/2006

31/12/2005

31/12/2004

Company Result

17 €

93 €

49 €

Sector Average

62 €

43 €

23 €

 

31/12/2006

31/12/2005

31/12/2004

Company Result

-361,766 €

89,408 €

456,165 €

Sector Average

234,006 €

189,235 €

186,438 €

Description: \\Vivek-pc\123 Foreign Report Raw\PKB_files\PdfDelayPixel

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.93

UK Pound

1

INR 91.50

Euro

1

INR 79.69

Euro

1

INR 79.92

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

TRU

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.