MIRA INFORM REPORT

Report No. :	483731
Report Date :	03.01.2018

IDENTIFICATION DETAILS

Name :	SIDEL BLOWING & SERVICES
Registered Office :	Sidel Blowing & Services, Av De La Patrouille De France, 76930 Octeville Sur Mer
Country :	France
Financials (as on) :	31.12.2016
Date of Incorporation :	October 1999
Legal Form :	Simplified joint stock company
Line of Business :	Manufacture of machinery for working rubber or plastics
No. of Employees :	798 [2016]

RATING & COMMENTS

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

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Status :	Excellent
Payment Behaviour :	Regular
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 (30.06.2017)	Current Rating (30.09.2017)
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. Despite terrorist attacks, labor strikes, and bad weather, France is still the most visited country in the world with 83 million foreign tourists in 2016, including 530,000 who came 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 1.1% in 2016, down from 1.3% the year before. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2015, before slightly falling to 10% in 2016. Youth unemployment in metropolitan France decreased from 24.6% in the fourth quarter of 2014 to 24% in the fourth quarter of 2016.

Lower-than-expected growth and high spending have strained France's public finances. Despite measures to restore public finances since President Francois HOLLANDE took office in 2012, the budget deficit rose from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 3.4% of GDP in 2016. Meanwhile, France's public debt rose from 89.5% of GDP in 2012 to 96% in 2016.

President HOLLANDE’s policies aimed to enhance French industry’s competitiveness and to lower high jobless figures. The Competitiveness and Employment Tax Credit of 2012, the Responsibility and Solidarity Pact of 2014, the Investment Stimulus Plan, and the Emergency Jobs Plan represent more than $42.6 billion in support for businesses in 2017 by lowering French labor costs, but so far the results of these policies have been marginal on France’s competitiveness and job creation. In an effort to bolster social justice, the 2017 budget bill contained provisions to reduce income taxes for households and for small and medium sized enterprises.

During his mandate, President HOLLANDE oversaw two highly unpopular economic reforms that led to widespread protests. The “Macron Law” of 2015, enacted to boost economic growth, authorized businesses to open some Sundays of each month and allowed flexibility to negotiate pay and working hours. The “El Khomri law,” imposed by decree in 2016, aimed to make it easier for businesses to employ people and gave employers more leeway to negotiate hours, wages, and time off.

Source : CIA

Company name and summary

SIRET	424 623 759 00018
Name	SIDEL BLOWING & SERVICES
Acronym	-
Trade name	-
Status	Economically active
Postal Address	SIDEL BLOWING & SERVICES AV DE LA PATROUILLE DE FRANCE 76930 OCTEVILLE SUR MER FRANCE
Share Capital	25,125,600 Euros
Telephone	02 32 85 86 87
Activity (APE)	Manufacture of machinery for working rubber or plastics (2896Z)
Formation Date	10/1999
Deregistration Date	-
Court Registry Number	19 9 9B00344
Registration Court	Le Havre (76)
Nationality	France
RCS Registration	RCS Le Havre B 424 623 759
EUR VAT Number	FR68424623759
Last account Date	31/12/2016
Incorporation Date	10/1999
Fax	02 32 85 81 00
Legal form	Simplified joint stock company
Currency	Euros

Key Financials

Year to date	Turnover	Gross operating surplus	Shareholder's equity	Net result	Employees
31/12/2016	802,843,280 €	6.64% Turnover	61,650,915 €	35,495,835 €	798 employees
31/12/2015	711,773,962 €	2.60% Turnover	26,196,796 €	-28,121,218 €	829 employees
31/12/2014	685,807,635 €	3.49% Turnover	76,226,711 €	4,635,140 €	845 employees

View details

Directors

Current Directors

6

View Details

Ultimate Holding Company

Name	Country	Company Number
TETRA LAVAL HOLDING & FINANCE		-
Affiliation links. View Details
218 companies in the international Group Structure from 17 countries. View Details

Judgment and Preferential

Judgment	No judgement	View details
Preferential Right	No social security and tax office preferential right to date	View details

Establishment Details

Type of Establishment	Head Office	Production Role	-
APE/NAF Code	2896Z	Activity	Manufacture of machinery for working rubber or plastics
Formation Date	10/1999	Reason for Formation	Formation
Closure Date	-	Reason for Closure	-
Reactivation Date	-	Seasonality	-
Activity Nature	-	Activity Location	-
Trading Address	AVENUE DE LA PATROUILLE DE FRANCE 76930 OCTEVILLE SUR MER	Department	Seine-Maritime (76)
Location Surface	-	District	2
City	OCTEVILLE SUR MER	Status	Economically active
Business Pages FT®	MACHINES, MATERIEL ET FOURNITURES POUR EMBALLAGES, CONDITIONNEMENTS	Region	-
		Area	26
		Size of Urban Area	Urban unit with 200 000 to 1 999 999 inhabitants

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
SIDEL BLOWING & SERVICES	Head Office	2896Z	Manufacture of machinery for working rubber or plastics	OCTEVILLE SUR MER	76930
SIDEL BLOWING & SERVICES	Branch	2896Z	Manufacture of machinery for working rubber or plastics	LE HAVRE	76600
SIDEL BLOWING & SERVICES	Branch	2896Z	Manufacture of machinery for working rubber or plastics	CLICHY	92110
SIDEL BLOWING & SERVICES	Branch	2896Z	Manufacture of machinery for working rubber or plastics	RUEIL MALMAISON	92500

Workforces

Workforce at address	500 to 999 employees	Company workforce	500 to 999 employees
		Workforce account	500 to 999 employees
		31/12/2016

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 company has 6 directors

The decrease in the gearing percentage over the last two accounting periods is 69 %

Industry code with low risk rating

The total assets are 475,291,609 €

The shareholder's equity is 61,650,915 €

The risk provisions are 47,968,662 €

The liabilities are 364,968,498 €

The net current assets are 461,075,875 €

Low risk workforce size

The net turnover is 802,843,280 €

The pre-tax profit is 39,027,607 €

The stock to turnover ratio is 12.93

The return on total assets employed is 8.21

Department code with medium risk rating

The ratio total assets to total liabilities is 1.15

The sales to current assets ratio is 1.74

The creditor days are 91.36

Industry comparison

Activity (APE)

Manufacture of machinery for working rubber or plastics (2896Z)

Collective procedures

No judgment information for the company

Preferential rights details and history

Summary of preferential rights

Company monitored since	04/01/2008
Status of Monitoring	No social security and tax office preferential right to date

Preferential rights details and history

Summary of preferential rights

Company monitored since	04/01/2008
Status of Monitoring	No social security and tax office preferential right to date

Group Data

Ultimate parent company	TETRA LAVAL HOLDING & FINANCE
Direct parent	SIDEL PARTICIPATIONS - 100 %
Group – Number of companies	36
Linkages – Number of companies	218
Number of countries	17

Group Structure

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Rating Information

	Name	SIREN	Parts	Last account published
1	TETRA LAVAL HOLDING & FINANCE	-	-	-
2	SIDEL HOLDING	378141477	100 %	31/12/2016
3	CONSTR ETUDE RECHERCHES MATERIELS EMBAL	300989001	100 %	31/12/2016
4	CERMEX NEWTEC	546450479	100 %	31/12/2016
3	SIDEL PARTICIPATIONS	365501089	100 %	31/12/2016
4	SIDEL SOUTH EAST ASIA PACIFIC	-	99 %	-
	SIDEL FAR EAST LTD	-	100 %	-
4	SIDEL CONTROLADORA	-	Majority	-
5	SIDEL DE SERVICIOS	-	Majority	-
	SIDEL MACHINERY (SHANGHAI) CO, LTD	-	100 %	-
4	SIDEL DE MEXICO S.A. DE C.V.	-	Majority	-
5	GEBO MEXIQUE	-	Majority	-
	SIDEL UK	-	100 %	-
	SIDEL VOSTOK	-	100 %	-
	SIDEL INDUSTRY (MALAYSIA) SND BHD	-	100 %	-
	SIDEL SERVICES	409753811	51 %	31/12/2016
	SIDEL INC	-	100 %	-
	SIDEL BLOWING & SERVICES	424623759	100 %	31/12/2016
	GEBO PACKAGING SOLUTIONS FRANCE	479988529	100 %	31/12/2015
	SIDEL IBERICA	173181	100 %	31/12/2015
	SIDEL NECE	-	100 %	-
	SIDEL UKRAINE	-	95 %	-
	SIDEL DISTRIBUTION MALAYSIA	-	100 %	-
	SIDEL JAPAN	-	100 %	-
	SIDEL KOREA	-	100 %	-
	SIDEL OCEANIA	-	100 %	-
	EMBALLATOR TECTUBES SWEDEN AB	5564251998	100 %	31/12/2016
	SIDEL HOLDINGS AND TECHNOLOGY	-	99 %	-
	SIDEL HOLDING ITALIA SPA	-	100 %	-
	GEBO PACKAGING SOLUTIONS ITALY S.R.L.	PR173209	100 %	31/12/2016
	SIDEL MACHINERY BEIJING	-	100 %	-
	SOTRALEM	-	100 %	-
	SIDEL CANADA INC	-	100 %	-
	SIDEL DO BRASIL	-	100 %	-
	SIDEL SERVICIOS	-	100 %	-
	SIDEL INDIA CHAKAN	-	100 %	-

Linkages

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Rating Information

Company Name	Siren	Last Account Published	Turnover
DELAVAL HOLDING B.V.	02060609	31/12/2016	-
AKTIEBOLAGET TETRA PAK	5560500398	31/12/2016	13,913,253 KSEK
SIDEL S.P.A.	PR178203	31/12/2016	254,151,054 €
TETRA PAK PACKAGING SOLUTIONS S.P.A.	MO194170	31/12/2016	332,272,306 €
SYNERLINK	313446189	30/09/2016	75,880,626 €
DELAVAL INTERNATIONAL AB	5560123928	31/12/2016	4,869,500 KSEK
DELAVAL HOLDING AB	5562586981	31/12/2016	0 KSEK
TETRA PAK NORGE AS	914797853	31/12/2016	315,307 KNOK
DSS SILKEBORG A/S	26761808	31/12/2016	-
DELAVAL GMBH	HRB 2369 RE	31/12/2015	123,841,710 €
DELAVAL AS	910114441	31/12/2016	562,602 KNOK
TETRA PAK PROCESSING GMBH	HRB 1860 RE	31/12/2015	49,630,136 €
TETRA PAK CPS LIMITED	01579033	31/12/2016	9,754,000 £
DELAVAL SALES AB	5560209941	31/12/2016	0 KSEK
HEMA	375880051	30/09/2016	17,997,660 €
EMBALLATOR (UK) LIMITED	03648265	31/12/2016	26,651,429 £
DELAVAL B.V.	02041794	31/12/2016	54,066,000 €
SIMONTORP SÄTERI AKTIEBOLAG	5561339861	31/12/2016	9,741 KSEK
GUERIN SYSTEMS	060201290	31/12/2016	27,296,486 €
DELAVAL LIMITED	01945075	31/12/2016	8,928,000 £
VÄTTERN INDUSTRIER AB	5562413517	31/12/2016	930 KSEK
PACSON AB	5563308047	31/12/2016	18,814 KSEK
TETRA PAK FOOD ENGINEERING S.P.A.	MB1342049	31/12/2016	26,540,940 €
TETRA PAK CLOSURES FRANCE SAS	552144123	31/12/2016	36,809,027 €
TETRA PAK CLOSURES FRANCE SAS	552144123	31/12/2016	36,809,027 €
TETRA PAK INVENTING A/S	55359210	31/12/2016	147,849,000 KR
SIDEL (UK) LIMITED	04227208	31/12/2016	3,924,000 £
DELAVAL S.P.A	MI1227458	31/12/2016	13,227,451 €
TETRA LAVAL CREDIT AKTIEBOLAG	5560346099	31/12/2016	47,740 KSEK
TETRA PAK, BELGIUM NV	400704624	31/12/2016	120,966,572 €
OY DE LAVAL AB	10714410	31/12/2016	25,629,000 €
SIDEL GMBH	HRB 98499	31/12/2015	-
DELAVAL SERVICES GMBH	HRB 12768	31/12/2015	37,718,083 €
TETRA PAK SVERIGE AKTIEBOLAG	5560544735	31/12/2016	0 KSEK
TETRA PAK CARTA S.P.A.	RE218434	31/12/2016	163,978,086 €
TETRA PAK ITALIANA S.P.A.	RE239336	31/12/2016	339,057,667 €
SOC GENERALE APPLICATION MECANIQ OUEST	577050230	31/08/2016	9,118,515 €
TETRA PAK LIMITED	00551434	31/12/2016	55,356,000 £
PACSON SVERIGE AB	5566745229	31/12/2016	0 KSEK
OY PELMA AB	07857971	31/12/2016	6,294,000 €
THEOFILS AB	5561548925	31/12/2016	133,474 KSEK
GN INDUSTRI AB	5562873629	31/12/2016	971 KSEK
UNIFORM-AGRI B.V.	04029997	31/12/2015	-
DELAVAL NV	427530468	31/12/2016	25,822,460 €
HERENCO AKTIEBOLAG	5563068534	31/12/2016	38,982 KSEK
HALLPRESSEN LAGER NR 4 AB	5560272188	31/12/2016	0 KSEK
PACSON PAUL HALL AB	5560699588	31/12/2016	134,950 KSEK
REACH FOR THE STARS FASTIGHETER NÄSSJÖ AB	5562191378	31/12/2016	4,084 KSEK
TETRA PAK DAIRY & BEVERAGE SYSTEMS AKTIEBOLAG	5562296888	31/12/2016	0 KSEK
PACSON ÖRESUNDSPAPPER AB	5563751311	31/12/2016	57,108 KSEK
TETRA PAK SERVICES	586850216	31/12/2016	5,114,769 €
TETRA PAK SERVICES	586850216	31/12/2016	5,114,769 €
HAMHUS NR 6 AB	5562968296	31/12/2016	317 KSEK
HALLPRESSEN LAGER NR 3 AB	5560211848	31/12/2016	0 KSEK
TETRA PAK GMBH	HRB 6593	31/12/2008	-
HALLPRESSEN LAGER NR 1 AB	5560158734	31/12/2016	0 KSEK
EMBALLATOR LAGAN PLAST AKTIEBOLAG	5560989625	31/12/2016	357,267 KSEK
EMBALLATOR MELLERUD PLAST AKTIEBOLAG	5562467737	31/12/2016	199,785 KSEK
PACSON IMPORT & AGENTUR AB	5562478338	31/12/2016	321 KSEK
EMBALLATOR VÄXJÖPLAST AKTIEBOLAG	5562865518	31/12/2016	115,780 KSEK
PACSON HELMER NILSSON AB	5563921765	31/12/2016	161,909 KSEK
HALLPRESSEN LAGER NR 2 AB	5560307950	31/12/2016	0 KSEK
TETRA HOLDINGS GMBH	HRB 24128	31/12/2016	-
GEBO CERMEX PARTICIPATIONS B.V.	59181788	31/12/2016	-
NOVEMBAL PARTICIPATIONS B.V.	61478741	31/12/2016	-
TETRA PAK MANAGEMENT GMBH	HRB 21882	31/12/2016	-
PACSON PELLVIKS AB	5561053991	31/12/2016	159,233 KSEK
HALLPRESSEN LAGER NR 5 AB	5562233055	31/12/2016	62 KSEK
PACSON MÄLARDALEN AB	5561109991	31/12/2016	93,679 KSEK
HAGAB INDUSTRI AB	5562605963	31/12/2016	50,179 KSEK
BRA PLAST I VITTSJÖ AKTIEBOLAG	5562944677	31/12/2016	1,461 KSEK
LA LEIF ARVIDSSON AB	5561896209	31/12/2016	81,879 KSEK
GARLITO B.V.	33288755	31/12/2016	-
GEBO CERMEX UK LTD.	01927345	31/12/2014	1,117,820 £
GAPS (GLOBAL ADMINISTRATION AND PERSONNEL SUPPORT) B.V.	02070015	31/12/2016	-
EMBALLATOR ULRICEHAMNS BLECK AKTIEBOLAG	5561225904	31/12/2016	501,894 KSEK
DAIRYDATAWAREHOUSE B.V.	51385309	31/12/2015	-
TIDAHOLMS TRYCKERIAKTIEBOLAG	5560074931	31/12/2015	0 KSEK
HERENCO LAGER NR 2 AB	5560144270	31/12/2016	0 KSEK
TETRA PAK PROCESSING COMPONENTS AKTIEBOLAG	5560292582	31/12/2016	0 KSEK
ERMI AGROALIMENTAIRE	432901270	30/09/2004	16,010,996 €
TETRA PAK PROCESSING SYSTEMS AKTIEBOLAG	5560221078	31/12/2016	0 KSEK
NT MEDIAPRINT AB	5560526203	31/12/2016	96,602 KSEK
DELAVAL EXPORT AB	5560568387	31/12/2016	0 KSEK
TETRA LAVAL REAL ESTATE AB	5560624743	31/12/2016	0 KSEK
NT VÄRDETRYCK AKTIEBOLAG	5560848326	31/12/2015	883 KSEK
HALL MEDIA ÖSTERÄNGEN AB	5560909219	31/12/2016	0 KSEK
HALL MEDIA AB	5561007518	31/12/2016	366,767 KSEK
TETRA PAK TECHNICAL SERVICE AKTIEBOLAG	5561047936	31/12/2016	0 KSEK
TETRA RECART AKTIEBOLAG	5561099622	31/12/2016	0 KSEK
AKTIEBOLAGET BREVOR	5561172643	31/12/2016	102 KSEK
HERENCO LAGER NR 1 AB	5561571927	31/12/2016	0 KSEK
ANNONSBOLAGET HALLPRESSEN AB	5561573592	31/12/2016	98,347 KSEK
EMBALLATOR PLASTICS & INNOVATIONS AB	5561859900	31/12/2016	2,419 KSEK
TETRA PAK PACKAGING MATERIAL SUNNE AKTIEBOLAG	5561906834	31/12/2016	0 KSEK
HALL MEDIA LOGISTIK AB	5562359074	31/12/2016	135,247 KSEK
HAMHUS LINKÖPING AB	5562449818	31/12/2016	1,712 KSEK
DELAVAL HAMRA GÅRD AKTIEBOLAG	5562647460	31/12/2016	0 KSEK
ACTICON AKTIEBOLAG	5562887801	31/12/2016	68,676 KSEK
HAMHUS SEKRETERAREN AB	5563019792	31/12/2016	197 KSEK
HAMHUS AB	5563319242	31/12/2016	3,114 KSEK
HERENCO I.T. AB	5564094307	31/12/2016	24,506 KSEK
HALL MEDIA TRYCK AB	5564235512	31/12/2016	76,029 KSEK
TETRA PAK PACKAGING SOLUTIONS AKTIEBOLAG	5564322112	31/12/2016	0 KSEK
VIKARIEPOOLEN HALL MEDIA AB	5564515475	31/12/2016	25,046 KSEK
HAMHUS MALMÖ AB	5564581485	31/12/2016	1,403 KSEK
FIRENO VENTILATION AKTIEBOLAG	5564637709	31/12/2016	3,852 KSEK
LEJONÄLVAN AKTIEBOLAG	5564857240	31/12/2016	702 KSEK
PACSON VÄST AB	5565137675	31/12/2016	88 KSEK
EMBALLATOR AB	5565580585	31/12/2016	0 KSEK
N R S FÖRVALTNING AKTIEBOLAG	5565760633	31/12/2016	4,848 KSEK
PACSON ÖSTGÖTA PAPPER AB	5565883591	31/12/2016	112,897 KSEK
STOCKHOLMS KARTONG & KUVERTSPECIALIST AB	5566109178	31/12/2016	38,384 KSEK
HAMHUS MULLSJÖ AB	5566175526	31/12/2016	0 KSEK
TETRA PAK INVENTING AKTIEBOLAG	5566358114	31/12/2016	0 KSEK
NT ETIKETT AB	5566407242	31/12/2015	41,315 KSEK
TOTALO AB	5566798244	31/12/2016	0 KSEK
WEXIÖ MASKINAUTOMATION AB	5566884994	31/12/2016	5,573 KSEK
HERENCO LAGER NR 3 AB	5566956164	31/12/2016	0 KSEK
JOBEGU AB	5566978937	31/12/2016	1,561 KSEK
NETINA AB	5567080709	31/12/2016	3,309 KSEK
HAMHUS NR 4 AB	5567287148	31/12/2016	6 KSEK
FASTIGHETS AB VINKELHAKEN I LJUNGBY	5567287304	31/12/2016	0 KSEK
HAMHUS NR 5 AB	5567287395	31/12/2016	5,485 KSEK
EKSJÖHEM AB	5567287635	31/12/2016	2,188 KSEK
RETSE FASTIGHET AB	5567290472	31/12/2016	4,800 KSEK
A.G.N INVEST I KALMAR AB	5567424121	31/12/2016	150 KSEK
RYHOVFASTIGHETER SVERIGE AB	5567471536	31/12/2016	0 KSEK
NETINA 2 AB	5567486070	31/12/2016	3,657 KSEK
HAMHUS NR 7 AB	5567905962	31/12/2016	671 KSEK
TETRA PAK CLOSURES ITALY S.R.L.	MI1746355	31/12/2016	31,618,987 €
LOROTEX 6 SRL	MI1768576	-	-
LOROTEX 7 SRL	MI1768579	-	-
SIDEL INTERNATIONAL S.R.L.	PR266052	31/12/2016	5,515,908 €
AB EMBALLATOR OY	14534716	31/12/2016	610,000 €
J E BESLAG I HELSINGBORG AB	5568309974	31/12/2016	31,363 KSEK
TETRA LAVAL AB	5568310063	31/12/2016	75,874 KSEK
HERENCO LAGER NR 4 AB	5568828148	31/12/2016	0 KSEK
HAMHUS NR 8 AB	5590286919	31/12/2016	503 KSEK
HAMHUS NR 11 AB	5590286935	31/12/2016	3,207 KSEK
HAMHUS NR 9 AB	5590286976	31/12/2016	3,001 KSEK
HAMHUS NR 15 AB	5590407895	31/12/2016	0 KSEK
THEOFILS GROUP AB	5590408554	31/12/2016	0 KSEK
O&N 1 FASTIGHET AB	5590408687	31/12/2016	0 KSEK
HAMHUS NR 12 AB	5590409032	31/12/2016	12,824 KSEK
HERENCO INVEST AB	5590911011	31/12/2016	0 KSEK
HAMHUS NR 22 AB	5590911110	31/12/2016	0 KSEK
EMBALLATOR LIFESTYLE AB	5590911136	31/12/2016	0 KSEK
TETRA PAK OY	01125198	31/12/2016	63,950,000 €
TETRA PAK PROCESSING UK LIMITED	04259617	31/12/2016	28,880,233 £
WINCANTON ENGINEERING LIMITED	00209985	31/12/2016	-
HOLCO TRADING CO LIMITED	00318748	30/09/2016	-
L.K.& S.TRADING COMPANY LIMITED	00519047	30/09/2016	-
ACE PRINT COMPANY LIMITED	03394502	31/12/2016	-
EMBALLATOR PACKAGING LIMITED	03648259	31/12/2015	-
TETRA PAK (IRELAND) LIMITED	IE028679	31/12/2016	-
TETRA LAVAL IRELAND UNLIMITED COMPANY	IE164376	31/12/2013	0 €
TETRA PAK CHEESE AND POWDER SYSTEMS B.V.	01090891	-	-
PAPETERIES DE DIJON	017150285	-	-
PAPETERIES DE DIJON	017150285	-	-
TETRA LAVAL HOLDINGS & FINANCE SA	16967	-	-
TETRA PAK INTERNATIONAL SA	16968	-	-
TETRA PAK GLOBAL SUPPLY SA	181511	-	-
TETRA PAK MOERDIJK B.V.	20059154	-	-
MITECO AG	204623	-	-
TETRA PAK (SUISSE) SA	21215	-	-
DELAVAL EQUIPOS	270255	31/12/2013	10,583,153 €
TETRA PAK IBERIA	292479	-	-
TETRA PAK B.V.	30118531	-	-
TETRA PAK & CIE	302432620	-	-
DELAVAL SNC	316202506	-	-
TETRA PAK PROCESSING SYSTEMS B.V.	33135877	-	-
LONDCO HOLDING B.V.	33172445	-	-
SEFICO HOLDING B.V.	33203546	-	-
TETRA LAVAL B.V.	33215857	31/12/2016	2,367,413,000 €
TETRA LAVAL HOLDINGS B.V.	33266496	31/12/2016	6,095,275,000 €
TETRA PAK NEDERLAND HOLDING B.V.	33275364	-	-
MIDI PYRENEES ELEVAGE SERVICE	345272983	-	-
TETRA PAK CLOSURES SPAIN	356254	31/12/2016	36,716,802 €
BEXLEY	381132778	-	-
TETRA PAK PROCESSING SNC	391522208	-	-
TETRA PAK PROCESSING SNC	391522208	-	-
DELAVAL	409495009	-	-
DELAVAL AG	576	-	-
TETRA PAK GLOBAL DISTRIBUTION SA	586423	-	-
SIDEL INTERNATIONAL AG	639269	-	-
TETRA LAVAL INTERNATIONAL SA	651890	-	-
SIFAR & CIE	652007774	-	-
TETRA PAK SERVICE	712017011	-	-
DELAVAL GMBH	HRB 1848 RE	-	-
SIMONAZZI GERMANY GMBH	HRB 6356 HL	-	-
DELAVAL SA	DEL930630BA0	-	2,000,000 $
TETRA PAK MEXICO SA	TPM6107052S5	-	-
TETRA PAK PLASTICS MEXICO SA	TPP000724938	-	-
PREMIUM DAIRY SALES, INC	-	-	-
BERTSCH DAIRY EQUIPMENT INC	-	-	2,500,000 $
TETRA PAK CHEESE AND POWDER SYSTEMS, INC.	-	-	5,337,000 $
DELAVAL	-	-	127,495,000 $
ALFA LAVAL AGRI INC.	-	-	1,750,000 $
DIAMOND BLUE INC	-	-	-
CHEMLAND, INC	-	-	-
TETRAPAK	-	-	100,000,000 $
TECTUBES USA	-	-	7,500,000 $
TETRA PAK MATERIAL INC	-	-	-
CERMEX INC	-	-	7,500,000 $
NOVEMBAL USA INC	-	-	30,000,000 $
TETRA PAK U.S. HOLDINGS INC.	-	-	-
BARRY-WEHMILLER COMPANIES INC	-	-	-
BARRY-WEHMILLER GROUP INC	-	-	-
DAIRY PACK	-	-	-
DINIEPER	-	-	-
EMBALLATOR THY PLAST A/S	-	-	-
PNEUMATICSALEANGELUS	-	-	-
SIDEL PARTICIPATIONS S.A.S.	-	-	-
SIDEL SAS	-	-	-
SKR LAGER 33 KOMMANDITBOLAG	-	-	-
TETRA PAK HOLDINGS AB	-	-	-
ÄLVAN FASTIGHETSFÖRVALTNING HANDELSBOLAG	-	-	-

Director(s)

Name	M. SAILLY FRÉDÉRIC XAVIER CHRISTIAN
Manager position	Managing director	Date of birth	11/09/1974
Place of birth	PONTARLIER
Type	Individual	Name at birth
				View Details
Name	M. CLAIRIN RAPHAËL
Manager position	Managing director	Date of birth	17/03/1973
Place of birth	PARIS 15
Type	Individual	Name at birth
				View Details

Name	M. FAURIAT CHRISTOPHE
Manager position	Managing director	Date of birth	18/03/1967
Place of birth	NANCY
Type	Individual	Name at birth
				View Details
Name	M. LE GOUSSE EDDY, JEAN
Manager position	President	Date of birth	09/07/1969
Place of birth	SAINT-BRIEUC
Type	Individual	Name at birth

Statutory Auditor

Name	AUDITEX
Name of representative
Manager position	Deputy auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth
Name	ERNST & YOUNG AUDIT
Name of representative
Manager position	Statutory auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth

Previous Directors

View the directors history for this company
If you want to view the directors history, please click on the link view details.

Manager position	Title and name	Date of Birth/Place of Birth
President	M. CLAIRIN RAPHAËL	17/03/1973 - PARIS 15 (75)	View Details
President	M. KERBRAT HERVE	07/01/1955 - NICE	View Details
President	M. MARTIN MICHEL	-	View Details
President	M. MARTIN MICHEL	07/05/1959 - FECAMP	View Details
President	M. RENAUD PASCAL	-	View Details
President	M. RENAUD PASCAL FRANÇOIS	03/01/1955 - AIGURANDE (36)	View Details
President	M. RENAUD PASCAL FRANÇOIS	03/01/1955 - AIGURANDE (36)	View Details
President	M. RENAUD PASCAL FRANÇOIS	03/01/1955 - AIGURANDE (36)	View Details
President	M. RENAUD PASCAL	03/01/1955 - AIGURANDE	View Details
Managing director	M. FAURIAT CHRISTOPHE	18/03/1967 - NANCY (54)	View Details
Managing director	M. LE MEILLEUR ERIC CLAUDE PAUL	12/03/1959 - LE HAVRE (76)	View Details
Managing director	M. LE MEILLEUR ERIC CLAUDE PAUL	12/03/1959 - LE HAVRE (76)	View Details
Managing director	M. LE MEILLEUR ERIC CLAUDE PAUL	12/03/1959 - LE HAVRE (76)	View Details
Managing director	M. SAILLY FRÉDÉRIC XAVIER CHRISTIAN	11/09/1974 - PONTARLIER (25)	View Details
Managing director	M. SAILLY FRÉDÉRIC XAVIER CHRISTIAN	11/09/1974 - PONTARLIER (25)	View Details

Status history

No Status History

Recent publications in Gazettes

	Publication date	Gazette Name	Description
Hide	24/05/2017	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 5951 - 424623759 RCS. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Adresse : avenue de la Patrouille de France 76930 Octeville-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2016.
Hide	30/04/2017	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 1069 - 424 623 759 RCS Le Havre. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Administration : Président : LE GOUSSE Eddy, Jean ; Directeur général : CLAIRIN Raphaël ; Directeur général : SAILLY Frédéric, Xavier, Christian ; Directeur général : FAURIAT Christophe ; Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT (SAS) ; Commissaire aux comptes suppléant : AUDITEX (SAS). Activité : . Commentaires : Modification survenue sur l'administration.
Hide	12/07/2016	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 1173 - 424 623 759 RCS Le Havre. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Administration : Président : CLAIRIN Raphaël Directeur général : SAILLY Frédéric, Xavier, Christian Directeur général : FAURIAT Christophe Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT (SAS) Commissaire aux comptes suppléant : AUDITEX (SAS). Activité : . Commentaires : Modification survenue sur l'administration.
Hide	01/07/2016	JAL	Resignation / Revocation of the social representative
Paris Normandie / Edition du Havre Date de décision : 21/06/2016 La société 424623759 - SIDEL BLOWING & SERVICES, 1 RUE MOZART, 92110 CLICHY Fait l'objet du départ de Monsieur Éric LE MEILLEUR
Hide	01/07/2016	JAL	Appointment of the social representative
Paris Normandie / Edition du Havre Date de décision : 21/06/2016 Société faisant l'objet d'une nomination : 424623759 - SIDEL BLOWING & SERVICES, 1 RUE MOZART, 92110 CLICHY Nominé : Monsieur Christophe FAURIAT, 76600 LE HAVRE En la fonction de : Directeur général
Hide	30/05/2016	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 5995 - 424623759 RCS. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Adresse : avenue de la Patrouille de France 76930 Octeville-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2015.
Hide	26/06/2015	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 1323 - 424 623 759 RCS Le Havre. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Administration : Président : CLAIRIN Raphaël Directeur général : LE MEILLEUR Eric, Claude, Paul Directeur général : SAILLY Frédéric, Xavier, Christian Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT (SAS) Commissaire aux comptes suppléant : AUDITEX (SAS). Activité : . Commentaires : Modification survenue sur l'administration.
Hide	05/06/2015	JAL	Resignation / Revocation of the social representative
Havre Libre (Le) Date de décision : 01/06/2015 La société 424623759 - SIDEL BLOWING & SERVICES, AV DE LA PATROUILLE DE FRANCE, 76930 OCTEVILLE SUR MER Fait l'objet du départ de Monsieur Pascal RENAUD
Hide	05/06/2015	JAL	Resignation / Revocation of the social representative
Paris Normandie/Edition du Havre Date de décision : 01/06/2015 La société 424623759 - SIDEL BLOWING & SERVICES, AV DE LA PATROUILLE DE FRANCE, 76930 OCTEVILLE SUR MER Fait l'objet du départ de Monsieur Pascal RENAUD
Hide	05/06/2015	JAL	Resignation / Revocation of the social representative
Havre Presse (Le) Date de décision : 01/06/2015 La société 424623759 - SIDEL BLOWING & SERVICES, AV DE LA PATROUILLE DE FRANCE, 76930 OCTEVILLE SUR MER Fait l'objet du départ de Monsieur Pascal RENAUD
Hide	05/06/2015	JAL	Appointment of the social representative
Paris Normandie/Edition du Havre Date de décision : 01/06/2015 Société faisant l'objet d'une nomination : 424623759 - SIDEL BLOWING & SERVICES, AV DE LA PATROUILLE DE FRANCE, 76930 OCTEVILLE SUR MER Nominé : Monsieur Raphaël CLAIRIN, 27180 LE PLESSIS GROHAN En la fonction de : Président
Hide	05/06/2015	JAL	Appointment of the social representative
Havre Presse (Le) Date de décision : 01/06/2015 Société faisant l'objet d'une nomination : 424623759 - SIDEL BLOWING & SERVICES, AV DE LA PATROUILLE DE FRANCE, 76930 OCTEVILLE SUR MER Nominé : Monsieur Raphaël CLAIRIN, 27180 LE PLESSIS GROHAN En la fonction de : Président
Hide	05/06/2015	JAL	Appointment of the social representative
Progrès de Fécamp (Le) Date de décision : 01/06/2015 Société faisant l'objet d'une nomination : 424623759 - SIDEL BLOWING & SERVICES, AV DE LA PATROUILLE DE FRANCE, 76930 OCTEVILLE SUR MER Nominé : Monsieur Raphaël CLAIRIN, 27180 LE PLESSIS GROHAN En la fonction de : Président
Hide	05/06/2015	JAL	Appointment of the social representative
Havre Libre (Le) Date de décision : 01/06/2015 Société faisant l'objet d'une nomination : 424623759 - SIDEL BLOWING & SERVICES, AV DE LA PATROUILLE DE FRANCE, 76930 OCTEVILLE SUR MER Nominé : Monsieur Raphaël CLAIRIN, 27180 LE PLESSIS GROHAN En la fonction de : Président
Hide	05/06/2015	JAL	Resignation / Revocation of the social representative
Progrès de Fécamp (Le) Date de décision : 01/06/2015 La société 424623759 - SIDEL BLOWING & SERVICES, AV DE LA PATROUILLE DE FRANCE, 76930 OCTEVILLE SUR MER Fait l'objet du départ de Monsieur Pascal RENAUD
Hide	17/05/2015	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 1053 - 424 623 759 RCS Le Havre. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Administration : Président : RENAUD Pascal, François Directeur général : LE MEILLEUR Eric, Claude, Paul Directeur général : SAILLY Frédéric, Xavier, Christian Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT (SAS) Commissaire aux comptes suppléant : AUDITEX (SAS). Activité : . Commentaires : Modification survenue sur l'administration.
Hide	16/05/2015	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 11342 - 424623759 RCS. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Adresse : avenue de la Patrouille de France 76930 Octeville-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2014.
Hide	30/04/2014	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 10009 - 424623759 RCS. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Adresse : avenue de la Patrouille de France 76930 Octeville-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
Hide	27/05/2013	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 12098 - 424623759 RCS. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Adresse : avenue de la Patrouille de France 76930 Octeville-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
Hide	30/04/2012	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 2939 - 424623759 RCS. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Adresse : avenue de la Patrouille de France 76930 Octeville-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
Hide	13/05/2011	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 10610 - 424623759 RCS. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Adresse : avenue de la Patrouille de France 76930 Octeville-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
Hide	30/11/2010	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 874 - 424 623 759 RCS Le Havre. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Administration : Président : RENAUD Pascal, François Directeur général : LE MEILLEUR Eric, Claude, Paul Directeur général : SAILLY Frédéric, Xavier, Christian Commissaire aux comptes titulaire : ERNST & YOUNG ET AUTRES (SAS) Commissaire aux comptes suppléant : AUDITEX (SAS). Activité : . Commentaires : Modification survenue sur l'administration.
Hide	08/11/2010	JAL	Appointment of the social representative
Paris Normandie/Edition du Havre Société faisant l'objet d'une nomination : 424623759 - SIDEL BLOWING & SERVICES, AV DE LA PATROUILLE DE FRANCE, 76930 OCTEVILLE SUR MER Nominé : Monsieur Frédéric SAILLY, 18 Rue de lArsenai, 76310 STE ADRESSE En la fonction de : Directeur général Nominé : Monsieur Eric LE MEILLEUR, 30 Rue du 8-Mai-1945, 76280 ST JOUIN BRUNEVAL En la fonction de : Directeur général Date d'effet : 29/10/2010
Hide	10/05/2010	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 9351 - 424623759 RCS. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Adresse : avenue de la Patrouille de France 76930 Octeville-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
Hide	22/05/2009	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 802 - 424 623 759 RCS Le Havre. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Administration : Président : RENAUD Pascal François. Commissaire aux comptes titulaire : ERNST & YOUNG ET AUTRES (SAS). Commissaire aux comptes suppléant : AUDITEX (SAS). Commentaires : Modification survenue sur l'administration.
Hide	05/05/2009	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 7997 - 424623759 RCS. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Adresse : avenue de la Patrouille de France 76930 Octeville-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
Hide	27/05/2008	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 7075 - 424623759 RCS. SIDEL BLOWING & SERVICES. Forme : Société par actions simplifiée. Adresse : avenue de la Patrouille de France 76930 Octeville-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
Hide	15/05/2007	Bodacc C	Avis de dépôt des comptes
8139 - RCS Le Havre B 424 623 759. RC 99-B 344. SIDEL BLOWING & SERVICES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: avenue de la Patrouille de France,76930 Octeville-sur-Mer. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
Hide	30/01/2007	Bodacc B	Modifications et mutations diverses
2126 - RCS Le Havre B 424 623 759. RC 99-B 344. SIDEL BLOWING & SERVICES. Forme : S.A.S. Adresse du siège social : avenue de la Patrouille-de-France,, 76930 Commentaires : modification survenue sur l'administration. Administration : président : MARTIN (Michel, Pierre, Henri, Robert) (Nom d'usage : MARTIN). Commissaire aux comptes titulaire : ERNST & YOUNG, représentée par RIGO (Jacques) (Nom d'usage : RIGO). Commissaire aux comptes suppléant : HONTARREDE (Philippe) (Nom d'usage : HONTARREDE). Date d'effet : 21 décembre 2006.
Hide	13/07/2006	Bodacc C	Avis de dépôt des comptes
4686 - RCS Le Havre B 424 623 759. RC 99-B 344. SIDEL BLOWING & SERVICES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: avenue de la Patrouille de France,76930 Octeville-sur-Mer. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
Hide	11/07/2006	Bodacc B	Modifications et mutations diverses
1161 - RCS Le Havre B 424 623 759. RC 99-B 344. SIDEL BLOWING & SERVICES. Forme : S.A.S. Capital : 25 125 600 euros. Adresse du siège social : avenue de la Patrouille-de-France,, 76930 Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 26 avril 2006.
Hide	21/03/2006	Bodacc B	Modifications et mutations diverses
2416 - RCS Le Havre B 424 623 759. RC 99-B 344. SIDEL BLOWING & SERVICES. Forme : S.A.S. Capital : 4 605 600 euros. Activité : toutes opérations, affaires, entreprises commerciales, industrielles ou autres se rapportant en général, directement ou non, à l'industrie métallurgique à la construction électrique, électronique, mécanique et à l'industrie des matières plastiques . Adresse du siège social : avenue de la Patrouille-de-France,, 76930 Commentaires : modification survenue sur la dénomination, le capital (diminution), l'activité et l'administration. Administration : président : KERBRAT (Hervé, Jean-Marie) (Nom d'usage : KERBRAT). Commissaire aux comptes titulaire : ERNST & YOUNG, représentée par RIGO (Jacques) (Nom d'usage : RIGO). Commissaire aux comptes suppléant : HONTARREDE (Philippe) (Nom d'usage : HONTARREDE). Date d'effet : 30 décembre 2005.
Hide	01/07/2005	Bodacc C	Avis de dépôt des comptes
4789 - RCS Le Havre B 424 623 759. RC 99-B 344. SIDEL ACTIS SERVICES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: avenue de la Patrouille de France,76930 Octeville-sur-Mer. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
Hide	15/08/2004	Bodacc B	Modifications et mutations diverses
RCS Le Havre B 424623759 RC 99-B 344 SIDEL ACTIS SERVICES. Forme : S.A.S. Adresse du siège social : avenue de la Patrouille-de-France, 76930 Octeville- sur-Mer. Commentaires : modification survenue sur l'administration. Administration : président : HOLDERITH ( Paul-Joseph, Etienne) ( Nom d'usage : HOLDERITH). Commissaire aux comptes titulaire : ERNST & YOUNG, représentée par RIGO (Jacques) ( Nom d'usage : RIGO). Commissaire aux comptes suppléant : HONTARREDE (Philippe) ( Nom d'usage : HONTARREDE). Date d'effet : 21 juin 2004.
Hide	04/03/2004	Bodacc B	Modifications et mutations diverses
RCS Le Havre B 424623759 RC 99-B 344 SIDEL ACTIS SERVICES. Forme : S.A.S. Adresse du siège social : avenue de la Patrouille-de-France, 76930 Octeville- sur-Mer. Commentaires : modification survenue sur l'administration. Administration : président : HOLDERITH ( Paul-Joseph, Etienne) ( Nom d'usage : HOLDERITH). Commissaires aux comptes titulaires : STE D'EXPERTISE COMPTABLE ET FINANCIERE-SECEF ERNST & YOUNG, représentée par RIGO (Jacques) ( Nom d' usage : RIGO). Commissaires aux comptes suppléants : LIGER (Marie- Louise) ( Nom d'usage : LIGER) HONTARREDE (Philippe) ( Nom d'usage : HONTARREDE). Date d'effet : 31 octobre 2003.
Hide	02/09/2002	Bodacc B	Modifications et mutations diverses
RCS Le Havre B 424623759 RC 99-B 344 SIDEL ACTIS SERVICES. Forme : S.A.S. Capital : 6 209 200 euros. Adresse du siège social : avenue de la Patrouille- de-France, 76930 Octeville-sur-Mer. Commentaires : modification survenue sur l'administration. Administration : président : HOLDERITH (Paul-Joseph, Etienne) ( Nom d'usage : HOLDERITH). Commissaire aux comptes titulaire : STE D'EXPERTISE COMPTABLE ET FINANCIERE-S.E. C.E.F. Commissaire aux comptes suppléant : LIGER (Marie-Louise) ( Nom d'usage : LIGER). Date d'effet : 30 mai 2002.
Hide	08/03/2002	Bodacc B	Modifications et mutations diverses
RCS Le Havre B 424623759 RC 99-B 344 SIDEL ACTIS SERVICES. Forme : S.A.S. Capital : 6 209 200 euros. Adresse du siège social : avenue de la Patrouille- de-France, 76930 Octeville-sur-Mer. Commentaires : modification survenue sur le capital (diminution et conversion en euros). Date d'effet : 31 décembre 2001.
Hide	08/03/2000	Bodacc B	Modifications et mutations diverses
RCS Le Havre B 424623759 RC 99-B 344 SIDEL ACTIS SERVICES. Forme : S.A.S. Capital : 40 850 000 F. Adresse du siège social : avenue de la Patrouille-de- France, 76930 Octeville-sur-Mer. Commentaires : modification survenue sur le capital (augmentation), l'activité, l'adresse de l'établissement principal et la date de début d'activité Etablissement principal: Activité : traitement de barrières et d'emballages en matière plastique conception, fabrication, commercialisation d' appareils pour la mise en oeuvre d'une technologie ou de procédés brevetés s' intégrant dans des équipements de traitement de barrières et d'emballages en matière plastique concession de licences d'exploitation et de brevets. Acquisition et exploitation de brevets. Adresse : avenue de la Patrouille-de- France, 76930 Octeville-sur-Mer Date de début d'activité: 1er janvier 2000. Date d'effet : 31 décembre 1999.
Hide	14/11/1999	Bodacc A	Création d'établissement
RCS Le Havre B 424623759 RC 99-B 344 SIDEL ACTIS SERVICES. Forme : S.A.S. Capital : 250 000 F. Adresse du siège social : avenue de la Patrouille-de- France, 76930 Octeville-sur-Mer. Administration : président : OLIVIER ( Francis, Laurent, Jean) ( Nom d'usage : OLIVIER). Commissaire aux comptes titulaire : STE D'EXPERTISE COMPTABLE ET FINANCIERE-S.E.C.E.F. Commissaire aux comptes suppléant : LIGER (Marie- Louise) ( Nom d'usage : LIGER) Cette société se constitue , mais n'exploite provisoirement aucun établissement.

Company events history

Date	Description
24/05/2017	Bodacc C : Deposit accounts notice
30/04/2017	Bodacc B: Various editing or changing
29/04/2017	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
25/04/2017	Changes to the Board of Directors
25/04/2017	Amendment
25/04/2017	New chairman (CEO, CoB)
24/04/2017	Amendment
24/04/2017	Updated articles of association
31/12/2016	New accounts available
12/07/2016	Bodacc B: Various editing or changing
04/07/2016	Amendment
01/07/2016	Legal Gazette: Resignation / Revocation of the social representative
21/06/2016	Legal Gazette: Appointment of the social representative
30/05/2016	Bodacc C : Deposit accounts notice
26/05/2016	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2015	New accounts available
26/06/2015	Bodacc B: Various editing or changing
16/06/2015	New chairman (CEO, CoB)
16/06/2015	Amendment
05/06/2015	Legal Gazette: Resignation / Revocation of the social representative
01/06/2015	Legal Gazette: Appointment of the social representative
17/05/2015	Bodacc B: Various editing or changing
16/05/2015	Bodacc C : Deposit accounts notice
08/05/2015	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
05/05/2015	New auditor
05/05/2015	Amendment
31/12/2014	New accounts available
30/04/2014	Bodacc C : Deposit accounts notice
30/04/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2013	New accounts available
27/05/2013	Bodacc C : Deposit accounts notice
22/05/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
01/05/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/04/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
26/05/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
13/05/2011	Bodacc C : Deposit accounts notice
31/12/2010	New accounts available
30/11/2010	Bodacc B: Various editing or changing
17/11/2010	Amendment
17/11/2010	Updated articles of association
29/10/2010	Legal Gazette: Appointment of the social representative
10/05/2010	Bodacc C : Deposit accounts notice
31/12/2009	Modification of Company Activity
31/12/2009	New accounts available
31/12/2009	Update of Company Activity
22/05/2009	Bodacc B: Various editing or changing
12/05/2009	Private document
12/05/2009	New auditor
12/05/2009	Minutes of general meeting of shareholders
12/05/2009	Appointment/resignation of company officers
12/05/2009	Amendment
12/05/2009	New auditor
05/05/2009	Bodacc C : Deposit accounts notice
31/12/2008	Modification of Company Activity
31/12/2008	New accounts available
31/12/2008	Update of Company Activity
05/08/2008	Private document
05/08/2008	New chairman (CEO, CoB)
05/08/2008	Minutes of general meeting of shareholders
05/08/2008	Appointment/resignation of company officers
05/08/2008	Minutes of general meeting of shareholders
27/05/2008	Bodacc C : Deposit accounts notice
04/01/2008	Collection of preferential rights activated for this company
31/12/2007	New accounts available
11/04/2007	Amendment
11/04/2007	Minutes of general meeting of shareholders
11/04/2007	Minutes of general meeting of shareholders
11/04/2007	Private document
11/04/2007	Updated articles of association
11/04/2007	Updated articles of association
04/01/2007	Appointment/resignation of company officers
04/01/2007	Minutes of general meeting of shareholders
04/01/2007	Private document
04/01/2007	Minutes of general meeting of shareholders
04/01/2007	Changes to the Board of Directors
04/01/2007	Amendment
04/01/2007	New chairman (CEO, CoB)
31/12/2006	New accounts available
08/06/2006	Capital increase
08/06/2006	Updated articles of association
08/06/2006	Private document
08/06/2006	Minutes of general meeting of shareholders
24/01/2006	Amendment
24/01/2006	Appointment/resignation of company officers
24/01/2006	Audit or Management Report
24/01/2006	Capital increase
24/01/2006	Capital reduction
24/01/2006	Change to corporate purpose
24/01/2006	Declaration of conformity
24/01/2006	Minutes of general meeting of shareholders
24/01/2006	Private document
24/01/2006	Updated articles of association
24/01/2006	New company name
31/12/2005	New accounts available
21/12/2005	Private document
21/12/2005	Audit or Management Report
21/12/2005	Amendment
28/11/2005	Amendment
28/11/2005	Planned merger
28/11/2005	Private document
31/12/2004	New accounts available
13/07/2004	Minutes of general meeting of shareholders
13/07/2004	Appointment/resignation of company officers
13/07/2004	New auditor
13/07/2004	Amendment
13/07/2004	Private document
26/01/2004	Amendment
26/01/2004	Appointment/resignation of company officers
26/01/2004	Minutes of general meeting of shareholders
26/01/2004	Private document
31/12/2003	New accounts available
08/08/2002	Amendment
08/08/2002	Minutes of general meeting of shareholders
08/08/2002	New chairman (CEO, CoB)
08/08/2002	Private document
08/08/2002	Appointment/resignation of company officers
30/01/2002	Private document
30/01/2002	Capital reduction
30/01/2002	Conversion of equity to euro
30/01/2002	Minutes of general meeting of shareholders
30/01/2002	Updated articles of association
27/01/2000	Amendment
27/01/2000	Capital increase
27/01/2000	Declaration of conformity
27/01/2000	Minutes of general meeting of shareholders
27/01/2000	Updated articles of association
27/01/2000	Private document
03/12/1999	Private document
03/12/1999	Amendment
03/12/1999	Audit or Management Report
12/11/1999	Updated articles of association
12/11/1999	Amendment
09/11/1999	Private document
09/11/1999	Amendment
04/11/1999	Updated articles of association
04/11/1999	New closing date
04/11/1999	Minutes of general meeting of shareholders
04/11/1999	Private document
12/10/1999	Fund deposit certificate
12/10/1999	Company formation
12/10/1999	Articles of association
12/10/1999	Appointment/resignation of company officers
12/10/1999	Amendment
12/10/1999	Private document

Establishment events history

Date	Description
05/05/2017	Update of phone numbers
22/01/2017	Update of phone numbers
20/11/2016	Update of phone numbers
03/08/2016	Update of phone numbers
29/10/2014	Update of phone numbers
12/01/2013	Update of phone numbers
31/12/2009	Modification of Head office
31/12/2008	Modification of Head office

Financials

Synthesized Accounts

Annual Accounts

	31/12/2016	31/12/2015	31/12/2014
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	28/04/2017	25/05/2016	07/05/2015
Activity Code	2896Z	2896Z	2896Z
Employees	798	829	845

Active account

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Capital not called	0 0 K	0%	0 0 K	0%	0 0 K	0.00 0.00 K	0%	0 0 K	0%
Total fixed assets	14,087,989 14,088 K	-5.4%	14,899,225 14,899 K	-3.4%	15,423,747 15,424 K	1,173,133.47 1,173.13 K	1100.9%	108,329 108 K	12904.8%
Intangible assets	570,597 571 K	-10.3%	635,941 636 K	19.5%	532,233 532 K	62,586.13 62.59 K	811.7%	8,428 8 K	6670.7%
Tangible assets	13,484,392 13,484 K	-5.1%	14,206,928 14,207 K	-4.1%	14,812,736 14,813 K	835,706.23 835.71 K	1513.5%	62,725 63 K	21397.8%
Financial assets	33,001 33 K	-41.4%	56,355 56 K	-28.5%	78,775 79 K	274,840.60 274.84 K	-88.0%	3,460 3 K	853.8%
Net current assets	461,075,875 461,076 K	23.8%	372,316,235 372,316 K	7.4%	346,513,931 346,514 K	19,150,583.03 19,150.58 K	2307.6%	1,741,045 1,741 K	26382.7%
Stocks	103,829,734 103,830 K	0.2%	103,591,664 103,592 K	-0.4%	104,017,141 104,017 K	4,656,341.47 4,656.34 K	2129.9%	449,359 449 K	23006.2%
Advanced payments	4,838,334 4,838 K	-39.1%	7,945,900 7,946 K	51.1%	5,257,187 5,257 K	204,570.00 204.57 K	2265.1%	0 0 K	0%
Receivables	351,291,379 351,291 K	35.3%	259,723,234 259,723 K	10.3%	235,574,625 235,575 K	13,400,763.83 13,400.76 K	2521.4%	601,254 601 K	58326.5%
Securities and cash	1,116,428 1,116 K	5.8%	1,055,437 1,055 K	-36.6%	1,664,974 1,665 K	888,854.77 888.85 K	25.6%	223,470 223 K	399.6%
Prepaid expenses	- -	-	- -	-	- -	785.50 0.79 K	-	786 1 K	-
Accounts of regularization	127,745 128 K	-1.6%	129,854 130 K	-78.2%	594,412 594 K	7,698.25 7.70 K	1559.4%	0 0 K	0%
Total Assets	475,291,609 475,292 K	22.7%	387,345,314 387,345 K	6.8%	362,532,091 362,532 K	20,330,901.53 20,330.90 K	2237.8%	1,843,615 1,844 K	25680.4%

Passive Account

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Shareholders' equity	61,650,915 61,651 K	135.3%	26,196,796 26,197 K	-65.6%	76,226,711 76,227 K	3,755,350.70 3,755.35 K	1541.7%	673,357 673 K	9055.8%
Share capital	25,125,600 25,126 K	0%	25,125,600 25,126 K	0%	25,125,600 25,126 K	1,326,498.13 1,326.50 K	1794.1%	100,000 100 K	25025.6%
Other capital resources	0 0 K	0%	0 0 K	0%	0 0 K	40,789.86 40.79 K	0%	0 0 K	0%
Risk Provisions	47,968,662 47,969 K	-26.4%	65,187,207 65,187 K	105.3%	31,746,271 31,746 K	1,856,737.97 1,856.74 K	2483.5%	0 0 K	0%
Liabilities	364,968,498 364,968 K	23.7%	295,117,929 295,118 K	16.2%	253,973,500 253,974 K	14,654,213.73 14,654.21 K	2390.5%	830,368 830 K	43852.6%
Financial liabilities	14,212 14 K	-96.4%	392,250 392 K	66.2%	235,989 236 K	724,034.93 724.03 K	-98.0%	80,535 81 K	-82.4%
Advanced payments received	61,076,321 61,076 K	-3.2%	63,078,733 63,079 K	72.6%	36,538,563 36,539 K	2,343,154.17 2,343.15 K	2506.6%	2,500 3 K	2442952.8%
Trade account payables	200,951,988 200,952 K	28.9%	155,849,706 155,850 K	13.5%	137,281,481 137,281 K	7,438,088.00 7,438.09 K	2601.7%	422,835 423 K	47425.0%
Tax and social liabilities	47,382,233 47,382 K	66.4%	28,479,344 28,479 K	-15.5%	33,704,417 33,704 K	2,153,195.04 2,153.20 K	2100.6%	184,533 185 K	25576.8%
Other debts and fixed assets liabilities	42,829,518 42,830 K	-10.3%	47,750,294 47,750 K	2.3%	46,693,067 46,693 K	1,557,528.77 1,557.53 K	2649.8%	8,170 8 K	524161.2%
Account regularization	13,417,758 13,418 K	3164.8%	410,983 411 K	289.2%	105,590 106 K	651,736.11 651.74 K	1958.8%	0 0 K	0%
Total liabilities	475,291,607 475,292 K	22.7%	387,345,314 387,345 K	6.8%	362,532,091 362,532 K	20,330,901.30 20,330.90 K	2237.8%	1,843,615 1,844 K	25680.4%

Results

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Sales of Goods	832,485,781 832,486 K	13.7%	732,086,208 732,086 K	2.6%	713,823,759 713,824 K	33,224,648.87 33,224.65 K	2405.6%	2,387,392 2,387 K	34770.1%
Net turnover	802,843,280 802,843 K	12.8%	711,773,962 711,774 K	3.8%	685,807,635 685,808 K	31,830,310.03 31,830.31 K	2422.3%	2,212,529 2,213 K	36186.2%
of which net export turnover	688,190,288 688,190 K	7.9%	637,615,744 637,616 K	-7.0%	685,807,564 685,808 K	24,971,224.03 24,971.22 K	2655.9%	135,496 135 K	507804.5%
Operating charges	806,250,882 806,251 K	9.8%	734,349,577 734,350 K	4.0%	706,430,597 706,431 K	32,103,202.17 32,103.20 K	2411.4%	2,293,945 2,294 K	35046.9%
Operating profit/loss	26,234,899 26,235 K	1259.1%	-2,263,369 -2,263 K	-130.6%	7,393,162 7,393 K	1,121,446.83 1,121.45 K	2239.4%	90,178 90 K	28992.5%
Financial income	10,668,948 10,669 K	-41.4%	18,201,256 18,201 K	221.3%	5,665,714 5,666 K	406,304.03 406.30 K	2525.9%	1,013 1 K	1053623.3%
Financial charges	6,359,238 6,359 K	-44.3%	11,410,440 11,410 K	127.5%	5,014,981 5,015 K	244,241.00 244.24 K	2503.7%	2,234 2 K	284620.8%
Financial profit/loss	4,309,710 4,310 K	-36.5%	6,790,816 6,791 K	943.6%	650,733 651 K	162,063.07 162.06 K	2559.3%	-43 0 K	10022681.4%
Pretax net operating income	30,544,609 30,545 K	574.7%	4,527,447 4,527 K	-43.7%	8,043,895 8,044 K	1,283,509.87 1,283.51 K	2279.8%	86,108 86 K	35372.6%
Extraordinary income	27,015,835 27,016 K	1650.0%	1,543,745 1,544 K	49.0%	1,036,342 1,036 K	942,061.00 942.06 K	2767.7%	1,441 1 K	1875348.5%
Extraordinary charges	14,431,274 14,431 K	-61.8%	37,785,087 37,785 K	762.2%	4,382,220 4,382 K	535,893.60 535.89 K	2592.9%	1,458 1 K	989699.3%
Extraordinary profit/loss	12,584,562 12,585 K	134.7%	-36,241,342 -36,241 K	-983.2%	-3,345,878 -3,346 K	406,167.43 406.17 K	2998.4%	0 0 K	0%
Net result	35,495,835 35,496 K	226.2%	-28,121,218 -28,121 K	-706.7%	4,635,140 4,635 K	1,411,428.53 1,411.43 K	2414.9%	70,046 70 K	50575.4%

Accounts - Active

Normal Account

	31/12/2016	31/12/2015	31/12/2014
Months	12	12	12

Grand Total - Active Accounts (I to VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Grand Total (I to VI)	Net	475,291,609 475,292 K	22.7%	387,345,314 387,345 K	6.8%	362,532,091 362,532 K
Gross	CO	562,671,763 562,672 K	19.4%	471,339,039 471,339 K	6.8%	441,519,438 441,519 K
Amortisation	1A	87,380,154 87,380 K	4.0%	83,993,725 83,994 K	6.3%	78,987,347 78,987 K

Non declared distributed capital (I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Non declared distributed capital (I)	AA3	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AA	0 0 K	0%	0 0 K	0%	0 0 K

Active fixed asset (II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Active fixed asset (II)	Net	14,087,989 14,088 K	-5.4%	14,899,225 14,899 K	-3.4%	15,423,747 15,424 K
Gross	BJ	82,104,353 82,104 K	1.5%	80,859,400 80,859 K	1.5%	79,637,159 79,637 K
Amortisation	BK	68,016,364 68,016 K	3.1%	65,960,176 65,960 K	2.7%	64,213,412 64,213 K

Intangible fixed assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Start-up cost	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AB	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AC	0 0 K	0%	0 0 K	0%	0 0 K
R&D expenses	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CX	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	CQ	0 0 K	0%	0 0 K	0%	0 0 K
Distributorships, patents	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AF	8,179,018 8,179 K	0%	8,179,018 8,179 K	0%	8,179,018 8,179 K
Amortisation	AG	8,179,018 8,179 K	0%	8,179,018 8,179 K	0%	8,179,018 8,179 K
Goodwill	Net	300,000 300 K	0%	300,000 300 K	0%	300,000 300 K
Gross	AH	315,245 315 K	0%	315,245 315 K	0.0%	315,244 315 K
Amortisation	AI	15,245 15 K	0%	15,245 15 K	0.0%	15,244 15 K
Other intangible fixed assets	Net	270,597 271 K	-19.5%	335,941 336 K	44.7%	232,233 232 K
Gross	AJ	17,222,066 17,222 K	0.2%	17,184,024 17,184 K	1.2%	16,974,103 16,974 K
Amortisation	AK	16,951,469 16,951 K	0.6%	16,848,083 16,848 K	0.6%	16,741,870 16,742 K
Pre-payments and downpayments	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AL	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AM	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Intangible asset	Net	570,597 571 K	-10.3%	635,941 636 K	19.5%	532,233 532 K

Tangible fixed assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Lands	Net	1,002,526 1,003 K	-10.1%	1,114,911 1,115 K	-0.1%	1,115,913 1,116 K
Gross	AN	3,594,537 3,595 K	0.3%	3,585,340 3,585 K	3.9%	3,452,234 3,452 K
Amortisation	AO	2,592,011 2,592 K	4.9%	2,470,429 2,470 K	5.7%	2,336,321 2,336 K
Buildings	Net	5,573,523 5,574 K	-8.9%	6,119,919 6,120 K	-2.3%	6,264,827 6,265 K
Gross	AP	24,389,698 24,390 K	0.3%	24,315,880 24,316 K	2.9%	23,627,967 23,628 K
Amortisation	AQ	18,816,176 18,816 K	3.4%	18,195,961 18,196 K	4.8%	17,363,140 17,363 K
Plant	Net	4,659,952 4,660 K	-7.8%	5,054,761 5,055 K	-0.4%	5,077,534 5,078 K
Gross	AR	22,459,726 22,460 K	1.9%	22,041,103 22,041 K	3.5%	21,288,993 21,289 K
Amortisation	AS	17,799,774 17,800 K	4.8%	16,986,342 16,986 K	4.8%	16,211,458 16,211 K
Other tangible fixed assets	Net	1,374,091 1,374 K	11.6%	1,231,269 1,231 K	-3.2%	1,272,055 1,272 K
Gross	AT	5,036,762 5,037 K	12.0%	4,496,367 4,496 K	-3.1%	4,638,413 4,638 K
Amortisation	AU	3,662,671 3,663 K	12.2%	3,265,098 3,265 K	-3.0%	3,366,357 3,366 K
Fixed assets in construction	Net	874,300 874 K	27.4%	686,068 686 K	-36.6%	1,082,407 1,082 K
Gross	AV	874,300 874 K	27.4%	686,068 686 K	-36.6%	1,082,407 1,082 K
Amortisation	AW	0 0 K	0%	0 0 K	0%	0 0 K
Advances and payments on account	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AX	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AY	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Tangible asset	Net	13,484,392 13,484 K	-5.1%	14,206,928 14,207 K	-4.1%	14,812,736 14,813 K

Financial assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Associates at equity	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CS	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	CT	0 0 K	0%	0 0 K	0%	0 0 K
Other participations	Net	9,585 10 K	0%	9,585 10 K	-70.1%	32,005 32 K
Gross	CU	9,585 10 K	0%	9,585 10 K	-70.1%	32,005 32 K
Amortisation	CV	0 0 K	0%	0 0 K	0%	0 0 K
Inter-company receivables	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BB	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BC	0 0 K	0%	0 0 K	0%	0 0 K
Other investment securities	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BD	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BE	0 0 K	0%	0 0 K	0%	0 0 K
Loans	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BF	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BG	0 0 K	0%	0 0 K	0%	0 0 K
Other financial assets	Net	23,416 23 K	-49.9%	46,770 47 K	0%	46,770 47 K
Gross	BH	23,416 23 K	-49.9%	46,770 47 K	0%	46,770 47 K
Amortisation	BI	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Financial assets	Net	33,001 33 K	-41.4%	56,355 56 K	-28.5%	78,775 79 K

Current Assets (III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Current Assets	Net	461,075,875 461,076 K	23.8%	372,316,235 372,316 K	7.4%	346,513,931 346,514 K
Gross	CJ	480,439,665 480,440 K	23.1%	390,349,785 390,350 K	8.0%	361,287,866 361,288 K
Amortisation	CK	19,363,790 19,364 K	7.4%	18,033,550 18,034 K	22.1%	14,773,935 14,774 K

Stocks

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Raw materials	Net	51,513,736 51,514 K	-13.5%	59,543,613 59,544 K	-7.9%	64,638,461 64,638 K
Gross	BL	57,498,964 57,499 K	-14.1%	66,937,609 66,938 K	-3.6%	69,468,796 69,469 K
Amortisation	BM	5,985,228 5,985 K	-19.1%	7,393,995 7,394 K	53.1%	4,830,334 4,830 K
Work in progress (goods)	Net	36,849,157 36,849 K	8.1%	34,098,078 34,098 K	3.1%	33,079,316 33,079 K
Gross	BN	37,128,255 37,128 K	4.2%	35,645,579 35,646 K	2.2%	34,887,867 34,888 K
Amortisation	BO	279,098 279 K	-82.0%	1,547,501 1,548 K	-14.4%	1,808,551 1,809 K
Work in progress (services)	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BP	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BQ	0 0 K	0%	0 0 K	0%	0 0 K
Semi-finished and finished products	Net	15,466,841 15,467 K	55.4%	9,949,973 9,950 K	58.0%	6,299,364 6,299 K
Gross	BR	23,823,127 23,823 K	50.9%	15,789,705 15,790 K	29.1%	12,233,390 12,233 K
Amortisation	BS	8,356,286 8,356 K	43.1%	5,839,732 5,840 K	-1.6%	5,934,026 5,934 K
Goods for resale	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BT	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BU	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Stocks	Net	103,829,734 103,830 K	0.2%	103,591,664 103,592 K	-0.4%	104,017,141 104,017 K

Advance payments to suppliers

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Advance payments to suppliers	Net	4,838,334 4,838 K	-39.1%	7,945,900 7,946 K	51.1%	5,257,187 5,257 K
Gross	BV	4,838,334 4,838 K	-39.1%	7,945,900 7,946 K	51.1%	5,257,187 5,257 K
Amortisation	BW	0 0 K	0%	0 0 K	0%	0 0 K

Debtors

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Trade accounts receivable	Net	238,788,668 238,789 K	8.2%	220,700,299 220,700 K	31.6%	167,761,107 167,761 K
Gross	BX	243,531,846 243,532 K	8.7%	223,952,621 223,953 K	31.8%	169,962,131 169,962 K
Amortisation	BY	4,743,178 4,743 K	45.8%	3,252,322 3,252 K	47.8%	2,201,023 2,201 K
Other debtors	Net	112,340,199 112,340 K	189.4%	38,815,024 38,815 K	-42.5%	67,482,617 67,483 K
Gross	BZ	112,340,199 112,340 K	189.4%	38,815,024 38,815 K	-42.5%	67,482,617 67,483 K
Amortisation	CA	0 0 K	0%	0 0 K	0%	0 0 K
Capital subscribed and called up	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CB	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	CC	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total debtors	Net	351,128,867 351,129 K	35.3%	259,515,323 259,515 K	10.3%	235,243,724 235,244 K

Divers

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Investment securities	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CD	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	CE	0 0 K	0%	0 0 K	0%	0 0 K
Cash and cash equivalents	Net	1,116,428 1,116 K	5.8%	1,055,437 1,055 K	-36.6%	1,664,974 1,665 K
Gross	CF	1,116,428 1,116 K	5.8%	1,055,437 1,055 K	-36.6%	1,664,974 1,665 K
Amortisation	CG	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Divers	Net	1,116,428 1,116 K	5.8%	1,055,437 1,055 K	-36.6%	1,664,974 1,665 K

Prepaid expenses

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Prepaid expenses	Net	162,512 163 K	-21.8%	207,911 208 K	-37.2%	330,901 331 K
Gross	CH	162,512 163 K	-21.8%	207,911 208 K	-37.2%	330,901 331 K
Amortisation	CI	0 0 K	0%	0 0 K	0%	0 0 K

Equalization accounts (IV to VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Expenses of loan issue to be spread	CW3	0 0 K	0%	0 0 K	0%	0 0 K
Gross		0 0 K	0%	0 0 K	0%	0 0 K
Premiums on redemption of bonds	CM3	0 0 K	0%	0 0 K	0%	0 0 K
Gross		0 0 K	0%	0 0 K	0%	0 0 K
Currency differential gain	CN3	127,745 128 K	-1.6%	129,854 130 K	-78.2%	594,412 594 K
Gross		127,745 128 K	-1.6%	129,854 130 K	-78.2%	594,412 594 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Due within one year	CP	0 0 K	0%	0 0 K	0%	0 0 K
Due after one year	CR	0 0 K	0%	0 0 K	0%	706 1 K

Accounts - Passive

Grand Total - Passive Accounts (I to V)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Grand Total (I to V)	EE	475,291,607 475,292 K	22.7%	387,345,314 387,345 K	6.8%	362,532,091 362,532 K

Shareholder Equity (I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total shareholders' equity (Total I)	DL	61,650,915 61,651 K	135.3%	26,196,796 26,197 K	-65.6%	76,226,711 76,227 K
Equity and shareholders' equity	DA	25,125,600 25,126 K	0%	25,125,600 25,126 K	0%	25,125,600 25,126 K
Issue and merger premiums	DB	6,192,009 6,192 K	0%	6,192,009 6,192 K	0.0%	6,192,008 6,192 K
Revaluation differentials	DC	0 0 K	0%	0 0 K	0%	0 0 K
Of which equity differential	EK	0 0 K	0%	0 0 K	0%	0 0 K
Legal reserve	DD	2,512,560 2,513 K	0%	2,512,560 2,513 K	0%	2,512,560 2,513 K
Statutory or contractual reserve	DE	0 0 K	0%	0 0 K	0%	0 0 K
Special regulated reserves	DF	313,140 313 K	0%	313,140 313 K	0.0%	313,139 313 K
Of which special reserve of provisions for current fluctuation	B1	0 0 K	0%	0 0 K	0%	0 0 K
Other reserves	DG	6,033,110 6,033 K	0%	6,033,110 6,033 K	0%	6,033,110 6,033 K
Of which reserve for buying originals works from alive artists	EJ	0 0 K	0%	0 0 K	0%	0 0 K
Profits or losses brought forward	DH	-16,408,666 -16,409 K	-240.1%	11,712,551 11,713 K	-59.7%	29,077,410 29,077 K
Profit or loss for the period	DI	35,495,835 35,496 K	226.2%	-28,121,218 -28,121 K	-706.7%	4,635,140 4,635 K
Investment grants	DJ	0 0 K	0%	0 0 K	0%	0 0 K
Special tax-allowable reserves	DK	2,387,328 2,387 K	-1.7%	2,429,044 2,429 K	3.9%	2,337,741 2,338 K

Other capital resources (II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total other capital resources (Total II)	DO	0 0 K	0%	0 0 K	0%	0 0 K
Income from participating securities	DM	0 0 K	0%	0 0 K	0%	0 0 K
Conditional loans	DN	0 0 K	0%	0 0 K	0%	0 0 K

Provisions for risks and charges (III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total provisions for risks and charges (Total III)	DR	47,968,662 47,969 K	-26.4%	65,187,207 65,187 K	105.3%	31,746,271 31,746 K
Risk provisions	DP	28,306,814 28,307 K	26.1%	22,452,494 22,452 K	-0.1%	22,486,146 22,486 K
Reserves for charges	DQ	19,661,848 19,662 K	-54.0%	42,734,713 42,735 K	361.5%	9,260,125 9,260 K

Liabilities (IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Liabilities (Total IV)	EC	364,968,498 364,968 K	23.7%	295,117,929 295,118 K	16.2%	253,973,500 253,974 K
Convertible debentures	DS	0 0 K	0%	0 0 K	0%	0 0 K
Other debentures	DT	0 0 K	0%	0 0 K	0%	0 0 K
Bank loans and liabilities	DU	14,212 14 K	-96.4%	392,250 392 K	66.2%	235,989 236 K
Sundry loans and financial liabilities	DV	0 0 K	0%	0 0 K	0%	0 0 K
Of which participating loans	EI	0 0 K	0%	0 0 K	0%	0 0 K
Advance payments received for current orders	DW	61,076,321 61,076 K	-3.2%	63,078,733 63,079 K	72.6%	36,538,563 36,539 K
Trade accounts payables	DX	200,951,988 200,952 K	28.9%	155,849,706 155,850 K	13.5%	137,281,481 137,281 K
Tax and social security liabilities	DY	47,382,233 47,382 K	66.4%	28,479,344 28,479 K	-15.5%	33,704,417 33,704 K
Fixed asset liabilities	DZ	646,931 647 K	-24.6%	857,576 858 K	-21.5%	1,092,108 1,092 K
Other debts	EA	41,479,055 41,479 K	-9.9%	46,049,336 46,049 K	2.3%	45,015,350 45,015 K

Translation loss (V)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Translation loss (Total V)	ED	703,532 704 K	-16.6%	843,382 843 K	44.0%	585,609 586 K

Equalization accounts

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Deferred income	EB	13,417,758 13,418 K	3164.8%	410,983 411 K	289.2%	105,590 106 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Of which tax-allowable reserve	EF	0 0 K	0%	0 0 K	0%	0 0 K
Deferred income and liabilities	EG	0 0 K	0%	232,039,196 232,039 K	6.7%	217,434,937 217,435 K
Of which current bank facilities	EH	0 0 K	0%	0 0 K	0%	0 0 K

Result account

1 - Operating result (I-II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating result (Total I-II)	GG	26,234,899 26,235 K	1259.1%	-2,263,369 -2,263 K	-130.6%	7,393,162 7,393 K

2 - Financial result (V-VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Financial result (Total V-VI)	GV	4,309,710 4,310 K	-36.5%	6,790,816 6,791 K	943.6%	650,733 651 K

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

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	30,544,609 30,545 K	574.7%	4,527,447 4,527 K	-43.7%	8,043,895 8,044 K

4 - Extraordinary result (VII-VIII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Extraordinary result (Total VII-VIII)	HI	12,584,562 12,585 K	134.7%	-36,241,342 -36,241 K	-983.2%	-3,345,878 -3,346 K

Profit or loss

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Profit or loss	HN	35,495,835 35,496 K	226.2%	-28,121,218 -28,121 K	-706.7%	4,635,140 4,635 K

Total Income (I+III+V+VII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Income (Total I+III+V+VII)	HL	870,170,564 870,171 K	15.7%	751,831,209 751,831 K	4.3%	720,525,817 720,526 K

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

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Charges (Total II+IV+VI+VIII+IX+X)	HM	834,674,731 834,675 K	7.0%	779,952,427 779,952 K	8.9%	715,890,676 715,891 K

Operating income (I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total operating income (Total I)	FR	832,485,781 832,486 K	13.7%	732,086,208 732,086 K	2.6%	713,823,759 713,824 K

Operating income (details)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Sale of goods for resale	FC	0 0 K	0%	3,753 4 K	-81.2%	19,914 20 K
France	FA	0 0 K	0%	1,082 1 K	0%	0 0 K
Export	FB	0 0 K	0%	2,670 3 K	-86.6%	19,914 20 K
Sale of goods produced	FF	736,237,219 736,237 K	16.6%	631,308,285 631,308 K	6.9%	590,565,496 590,565 K
France	FD	91,557,853 91,558 K	105.5%	44,563,496 44,563 K	89126892.0%	50 0 K
Export	FE	644,679,366 644,679 K	9.9%	586,744,788 586,745 K	-0.6%	590,565,446 590,565 K
Sale of services	FI	66,606,061 66,606 K	-17.2%	80,461,925 80,462 K	-15.5%	95,222,224 95,222 K
France	FG	23,095,139 23,095 K	-22.0%	29,593,639 29,594 K	147968095.0%	20 0 K
Export	FH	43,510,922 43,511 K	-14.5%	50,868,286 50,868 K	-46.6%	95,222,204 95,222 K
Net turnover	FL	802,843,280 802,843 K	12.8%	711,773,962 711,774 K	3.8%	685,807,635 685,808 K
France	FJ	114,652,992 114,653 K	54.6%	74,158,217 74,158 K	104448093.0%	71 0 K
Export	FK	688,190,288 688,190 K	7.9%	637,615,744 637,616 K	-7.0%	685,807,564 685,808 K
Stocked production	FM	9,701,034 9,701 K	136.4%	4,103,315 4,103 K	72.5%	2,378,132 2,378 K
Self-constructed assets	FN	138,508 139 K	0%	0 0 K	0%	0 0 K
Operating grants	FO	122,686 123 K	67.4%	73,299 73 K	-34.5%	111,848 112 K
Release of reserves and provisions	FP	19,302,786 19,303 K	21.7%	15,863,090 15,863 K	-35.5%	24,585,755 24,586 K
Other income	FQ	377,486 377 K	38.5%	272,542 273 K	-71.0%	940,387 940 K

Operating charges (II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total operating charges (Total II)	GF	806,250,882 806,251 K	9.8%	734,349,577 734,350 K	4.0%	706,430,597 706,431 K

Exploitation charges

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Purchase of goods for resale	FS	0 0 K	0%	0 0 K	0%	0 0 K
Change in stocks of goods for resale	FT	0 0 K	0%	0 0 K	0%	0 0 K
Purchase of raw materials	FU	157,021,645 157,022 K	-5.9%	166,923,970 166,924 K	-15.5%	197,570,301 197,570 K
Change in stocks of raw materials	FV	9,562,667 9,563 K	289.3%	2,456,478 2,456 K	-74.7%	9,705,206 9,705 K
Other external purchases and charges	FW	514,423,623 514,424 K	14.5%	449,360,452 449,360 K	18.3%	379,801,620 379,802 K
Tax, duty and similar payments	FX	8,349,929 8,350 K	7.6%	7,760,825 7,761 K	3.4%	7,505,546 7,506 K
Payroll	FY	46,492,780 46,493 K	-1.6%	47,231,951 47,232 K	1.7%	46,429,579 46,430 K
Social security costs	FZ	23,615,442 23,615 K	-0.4%	23,714,016 23,714 K	1.5%	23,369,570 23,370 K

Depreciation

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Depreciation of fixed assets	GA	3,287,998 3,288 K	-0.6%	3,309,106 3,309 K	-10.0%	3,677,774 3,678 K
Amortisation of fixed assets	GB	0 0 K	0%	0 0 K	0%	0 0 K
Depreciation/amortisation of current assets	GC	7,241,586 7,242 K	-16.3%	8,652,459 8,652 K	56.2%	5,539,898 5,540 K
Provisions for risks and charges	GD	21,323,170 21,323 K	82.0%	11,716,616 11,717 K	-11.8%	13,278,184 13,278 K

Other charges

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Other charges	GE	14,932,042 14,932 K	12.9%	13,223,705 13,224 K	-32.4%	19,552,915 19,553 K

Operating charges (III-IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Share of joint-venture transferred to other partner(s) (Total III)	GH	0 0 K	0%	0 0 K	0%	0 0 K
Share of joint venture transferred from other partner(s) (Total IV)	GI	0 0 K	0%	0 0 K	0%	0 0 K

Financial income (V)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total financial income (Total V)	GP	10,668,948 10,669 K	-41.4%	18,201,256 18,201 K	221.3%	5,665,714 5,666 K
Share financial income	GJ	14,801 15 K	-19.2%	18,321 18 K	58.4%	11,566 12 K
Other investment income & capitalised receivables	GK	0 0 K	0%	0 0 K	0%	0 0 K
Other interest and similar income	GL	944,433 944 K	201.4%	313,328 313 K	63.3%	191,834 192 K
Released provisions and transferred charges	GM	128,780 129 K	-78.3%	594,042 594 K	243.3%	173,035 173 K
Exchange gains	GN	9,580,935 9,581 K	-44.5%	17,275,564 17,276 K	226.6%	5,289,277 5,289 K
Net income from disposal of investment securities	GO	0 0 K	0%	0 0 K	0%	0 0 K

Financial charge (VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total financial charge (Total VI)	GU	6,359,238 6,359 K	-44.3%	11,410,440 11,410 K	127.5%	5,014,981 5,015 K
Financial reserves and provisions	GQ	127,610 128 K	-0.9%	128,780 129 K	-78.3%	594,042 594 K
Interest and similar charges	GR	10,074 10 K	-72.4%	36,455 36 K	571.0%	5,433 5 K
Exchange losses	GS	6,221,553 6,222 K	-44.7%	11,245,206 11,245 K	154.7%	4,415,505 4,416 K
Net loss from disposal of investment securities	GT	0 0 K	0%	0 0 K	0%	0 0 K

Extraordinary income (VII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total extraordinary income (Total VII)	HD	27,015,835 27,016 K	1650.0%	1,543,745 1,544 K	49.0%	1,036,342 1,036 K
Extraordinary operating income	HA	5 0 K	-100.0%	29,134 29 K	15.6%	25,199 25 K
Extraordinary income from capital transactions	HB	80,511 81 K	259.1%	22,421 22 K	460.5%	4,000 4 K
Released provisions and transferred charges	HC	26,935,320 26,935 K	1705.1%	1,492,190 1,492 K	48.2%	1,007,142 1,007 K

Extraordinary charges (VIII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total extraordinary charges (Total VIII)	HH	14,431,274 14,431 K	-61.8%	37,785,087 37,785 K	762.2%	4,382,220 4,382 K
Extraordinary operating charges	HE	12,686,775 12,687 K	260.5%	3,519,346 3,519 K	16.7%	3,014,445 3,014 K
Extraordinary charges from capital transactions	HF	0 0 K	0%	22,421 22 K	0%	0 0 K
Extraordinary reserves and provisions	HG	1,744,499 1,744 K	-94.9%	34,243,320 34,243 K	2403.6%	1,367,774 1,368 K

Employee profit sharing (IX)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Employee profit sharing (Total IX)	HJ	4,101,565 4,102 K	13506.4%	-30,594 -31 K	-104.7%	644,712 645 K

Tax on profits (X)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Tax on profits (Total X)	HK	3,531,772 3,532 K	199.1%	-3,562,083 -3,562 K	-512.2%	-581,835 -582 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Of which equipment leases	HP	0 0 K	0%	0 0 K	0%	0 0 K
Of which property leases	HQ	0 0 K	0%	0 0 K	0%	0 0 K
Of which transferred charges	A1	0 0 K	0%	0 0 K	0%	0 0 K
Of which trader's own contributions	A2	0 0 K	0%	0 0 K	0%	0 0 K
Of which royalties on licences and patents (income)	A3	0 0 K	0%	235,172 235 K	-11.5%	265,776 266 K
Of which royalties on licences and patents (charges)	A4	0 0 K	0%	13,112,000 13,112 K	73.9%	7,538,000 7,538 K

Other incomes tax return forms

Fixed Assets

Grand Total Fixed Assets (I to IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	OG	0 0 K	0%	0 0 K	0%	0 0 K
Increasess due to revaluation	OH	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess, acquisitions, creations, contributions	OJ	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	OK1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	OK2	0 0 K	0%	2,667,171 2,667 K	65.0%	1,616,427 1,616 K
Gross value at the end of period	OL	0 0 K	0%	80,859,400 80,859 K	1.5%	79,637,159 79,637 K

Research and development Charge (Total I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	CZ	0 0 K	0%	0 0 K	0%	0 0 K
Increasess due to revaluation	KB	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	KC	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	CO1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	CO2	0 0 K	0%	0 0 K	0%	0 0 K
Gross value at the end of period	DO	0 0 K	0%	0 0 K	0%	0 0 K

Other budget item from Intangible fixed assets (Total II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	KD	0 0 K	0%	25,468,367 25,468 K	0.7%	25,298,212 25,298 K
Increasess due to revaluation	KE	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	KF	0 0 K	0%	230,569 231 K	24.6%	185,094 185 K
Decreasess by budget item transfer	LV1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	LV2	0 0 K	0%	20,649 21 K	38.2%	14,939 15 K
Gross value at the end of period	LW	0 0 K	0%	25,678,287 25,678 K	0.8%	25,468,366 25,468 K

Tangible fixed assets (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	LN	0 0 K	0%	54,090,017 54,090 K	4.6%	51,715,398 51,715 K
Increasess due to revaluation	LO	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	LP	0 0 K	0%	3,658,842 3,659 K	-8.0%	3,975,507 3,976 K
Decreasess by budget item transfer	NG1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	NG2	0 0 K	0%	2,624,101 2,624 K	63.9%	1,600,888 1,601 K
Gross value at the end of period	NH	0 0 K	0%	55,124,758 55,125 K	1.9%	54,090,017 54,090 K

Financial assets (Total IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	LQ	0 0 K	0%	78,776 79 K	86.4%	42,265 42 K
Increasess due to revaluation	LR	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	LS	0 0 K	0%	0 0 K	0%	37,110 37 K
Decreasess by budget item transfer	NJ1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	NJ2	0 0 K	0%	22,421 22 K	3643.1%	599 1 K
Gross value at the end of period	NK	0 0 K	0%	56,355 56 K	-28.5%	78,775 79 K

Reserve for depreciation

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

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	ON	0 0 K	0%	0 0 K	0%	0 0 K
Increases	OP	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess	OQ	0 0 K	0%	0 0 K	0%	0 0 K
Reserve for depreciation value at the end of period	OR	0 0 K	0%	0 0 K	0%	0 0 K

Research and development charge (Total I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	CY	0 0 K	0%	0 0 K	0%	0 0 K
Increases	PB	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess	PC	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	PD	0 0 K	0%	0 0 K	0%	0 0 K

Other intangible assets (Total II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	PE	0 0 K	0%	24,936,134 24,936 K	2.0%	24,449,261 24,449 K
Increases	PF	0 0 K	0%	126,862 127 K	-74.3%	492,832 493 K
Decreasess	PG	0 0 K	0%	20,649 21 K	246.5%	5,960 6 K
Decreasess by budget item transfer	PH	0 0 K	0%	25,042,347 25,042 K	0.4%	24,936,133 24,936 K

Total fixed assets amotisation (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	QU	0 0 K	0%	39,277,278 39,277 K	4.8%	37,484,218 37,484 K
Increases	QV	0 0 K	0%	3,182,243 3,182 K	-0.1%	3,184,939 3,185 K
Decreases	QW	0 0 K	0%	1,541,693 1,542 K	10.8%	1,391,882 1,392 K
Decreasess by budget item transfer	QX	0 0 K	0%	40,917,828 40,918 K	4.2%	39,277,275 39,277 K

Movements during period affecting charge allocated over several period

Deferred charges and debt issuance costs

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	Z91	0 0 K	0%	0 0 K	0%	0 0 K
Increases	Z92	0 0 K	0%	0 0 K	0%	0 0 K
Depreciation of fixed assets during period	Z9	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	B1	0 0 K	0%	0 0 K	0%	0 0 K

Premium refund of obligations

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Net value at begin of period	SP1	0 0 K	0%	0 0 K	0%	0 0 K
Increases	SP2	0 0 K	0%	0 0 K	0%	0 0 K
Depreciation of fixed assets during period	SP	0 0 K	0%	0 0 K	0%	0 0 K
Net value at the end of period	SR	0 0 K	0%	0 0 K	0%	0 0 K

Provisions included in balance sheet

Grand Total (I-II-III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	7C	0 0 K	0%	48,857,948 48,858 K	-9.3%	53,843,982 53,844 K
Increases	UB	0 0 K	0%	54,741,175 54,741 K	163.4%	20,779,899 20,780 K
Decreases	UC	0 0 K	0%	17,949,322 17,949 K	-30.3%	25,765,933 25,766 K
Value at the end of period	UD	0 0 K	0%	85,649,801 85,650 K	75.3%	48,857,947 48,858 K

Includes Total allocations

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating	UE	0 0 K	0%	20,369,074 20,369 K	8.2%	18,818,082 18,818 K
Financial	UG	0 0 K	0%	128,780 129 K	-78.3%	594,042 594 K
Exceptional	UJ	0 0 K	0%	34,243,321 34,243 K	2403.6%	1,367,774 1,368 K

Includes Total Withdrawal

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating	UF	0 0 K	0%	15,863,090 15,863 K	-35.5%	24,585,755 24,586 K
Financial	UH	0 0 K	0%	594,042 594 K	243.3%	173,035 173 K
Exceptional	UK	0 0 K	0%	1,492,190 1,492 K	48.2%	1,007,142 1,007 K

Total regulated provisions (Total I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	3Z	0 0 K	0%	2,337,742 2,338 K	4.1%	2,245,015 2,245 K
Increases	TS	0 0 K	0%	600,287 600 K	-12.3%	684,568 685 K
Decreases	TT	0 0 K	0%	508,985 509 K	-14.0%	591,842 592 K
Value at the end of period	TU	0 0 K	0%	2,429,044 2,429 K	3.9%	2,337,741 2,338 K

Total risk and charge provisions (Total II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	5Z	0 0 K	0%	31,746,271 31,746 K	3.2%	30,765,997 30,766 K
Increases	TV	0 0 K	0%	45,488,430 45,488 K	212.5%	14,555,431 14,555 K
Decreases	TW	0 0 K	0%	12,047,494 12,047 K	-11.3%	13,575,158 13,575 K
Value at the end of period	TX	0 0 K	0%	65,187,207 65,187 K	105.3%	31,746,271 31,746 K

Total Provision for depreciation (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	7B	0 0 K	0%	14,773,935 14,774 K	-29.1%	20,832,969 20,833 K
Increases	TY	0 0 K	0%	8,652,458 8,652 K	56.2%	5,539,898 5,540 K
Decreases	TZ	0 0 K	0%	5,392,844 5,393 K	-53.5%	11,598,932 11,599 K
Value at the end of period	UA	0 0 K	0%	18,033,550 18,034 K	22.1%	14,773,935 14,774 K

State deadlines claims and debts at the end of period

State claims

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value	VT	356,058 356 K	-99.9%	263,022,326 263,022 K	10.6%	237,822,419 237,822 K
1 year at most	VU	349,311 349 K	-99.9%	256,711,016 256,711 K	8.3%	237,115,706 237,116 K
More than one year	VV	6,747 7 K	-99.9%	6,311,310 6,311 K	793.1%	706,713 707 K

State of loans

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Claims related to holdings (gross)	UL	0 0 K	0%	0 0 K	0%	0 0 K
Claims related to shareholdings (1 year at most)	UM	0 0 K	0%	0 0 K	0%	0 0 K
Loans (gross)	UP	0 0 K	0%	0 0 K	0%	0 0 K
Loans (1 year at most)	UR	0 0 K	0%	0 0 K	0%	0 0 K
Other financial assets (gross)	UT	23 0 K	-100.0%	46,770 47 K	0%	46,770 47 K
Other financial assets (1 year at most)	UV	0 0 K	0%	0 0 K	0%	46,770 47 K

Receivables statement of assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Customers doubtful or disputed	VA	243,532 244 K	0%	0 0 K	0%	0 0 K
Other claims customer	UX	112,340 112 K	-99.9%	223,952,621 223,953 K	31.8%	169,962,131 169,962 K
Receivables represent Loaned Securities	UU	0 0 K	0%	0 0 K	0%	0 0 K
Provision for depreciation previously established	UQ	0 0 K	0%	0 0 K	0%	0 0 K
Personnel and associated accounts	UY	0 0 K	0%	111,726 112 K	423.6%	21,337 21 K
Social Security and other social organizations	UZ	0 0 K	0%	158,245 158 K	-46.2%	294,300 294 K
Income taxes	VM	0 0 K	0%	2,189,909 2,190 K	1828.1%	113,579 114 K
Value added tax	VB	0 0 K	0%	8,731,174 8,731 K	-34.0%	13,235,203 13,235 K
Other taxes and payments assimilated	VN	0 0 K	0%	0 0 K	0%	0 0 K
State and other public - Miscellaneous	VP	0 0 K	0%	0 0 K	0%	396,216 396 K
Group and Associates	VC	0 0 K	0%	25,614,212 25,614 K	-46.2%	47,591,870 47,592 K
Accounts receivable (including claims relating to the operation of pension titles)	VR	0 0 K	0%	2,009,758 2,010 K	-65.5%	5,830,109 5,830 K

Prepaid

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Prepaid	VS	163 0 K	-99.9%	207,911 208 K	-37.2%	330,901 331 K

State Debt

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total debt (gross)	VY	303,892 304 K	-99.9%	232,039,196 232,039 K	6.7%	217,434,937 217,435 K
1 year at most	VZ2	303,892 304 K	-99.9%	232,039,196 232,039 K	6.7%	217,434,937 217,435 K
More than 1 year and 5 years at most	VZ3	0 0 K	0%	0 0 K	0%	0 0 K
More than 5 years	VZ4	0 0 K	0%	0 0 K	0%	0 0 K

Details

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Convertible bonds (gross)	7Y1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	7Y2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	7Y3	0 0 K	0%	0 0 K	0%	0 0 K
Other bonds (gross)	7Z1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	7Z2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	7Z3	0 0 K	0%	0 0 K	0%	0 0 K
Borrowing & debts to 1 year maximum at the origin (gross)	VG1	14 0 K	-100.0%	392,250 392 K	66.2%	235,989 236 K
1 year at most	VG2	14 0 K	-100.0%	392,250 392 K	66.2%	235,989 236 K
More than 1 year and 5 years at most	VG3	0 0 K	0%	0 0 K	0%	0 0 K
Borrowing & debts to more than 1 year at the origin (gross)	VH1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	VH2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	VH3	0 0 K	0%	0 0 K	0%	0 0 K
Loans and various financial liabilities (gross)	8A1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	8A2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	8A3	0 0 K	0%	0 0 K	0%	0 0 K
Suppliers and associated accounts (gross)	8B1	200,952 201 K	-99.9%	155,849,706 155,850 K	13.5%	137,281,481 137,281 K
1 year at most	8B2	200,952 201 K	-99.9%	155,849,706 155,850 K	13.5%	137,281,481 137,281 K
More than 1 year and 5 years at most	8B3	200,952 201 K	-99.9%	155,849,706 155,850 K	13.5%	137,281,481 137,281 K
Personnel and associated accounts (gross)	8C1	0 0 K	0%	12,379,733 12,380 K	2.8%	12,046,204 12,046 K
1 year at most	8C2	0 0 K	0%	12,379,733 12,380 K	2.8%	12,046,204 12,046 K
More than 1 year and 5 years at most	8C3	0 0 K	0%	0 0 K	0%	0 0 K
Social Security and other social organizations (gross)	8D1	47,382 47 K	-99.5%	9,830,390 9,830 K	-0.8%	9,905,560 9,906 K
1 year at most	8D2	47,382 47 K	-99.5%	9,830,390 9,830 K	-0.8%	9,905,560 9,906 K
More than 1 year and 5 years at most	8D3	0 0 K	0%	0 0 K	0%	0 0 K
Taxes on profits (gross)	8E1	0 0 K	0%	0 0 K	0%	804,476 804 K
1 year at most	8E2	0 0 K	0%	0 0 K	0%	804,476 804 K
More than 1 year and 5 years at most	8E3	0 0 K	0%	0 0 K	0%	0 0 K
VAT (Gross)	VW1	0 0 K	0%	3,567,845 3,568 K	-57.4%	8,380,488 8,380 K
1 year at most	VW2	0 0 K	0%	3,567,845 3,568 K	-57.4%	8,380,488 8,380 K
More than 1 year and 5 years at most	VW3	0 0 K	0%	0 0 K	0%	0 0 K
Backed Obligations (gross)	VX1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	VX2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	VX3	0 0 K	0%	0 0 K	0%	0 0 K
Other taxes and assimilated (gross)	VQ1	0 0 K	0%	2,701,376 2,701 K	5.2%	2,567,686 2,568 K
1 year at most	VQ2	0 0 K	0%	2,701,376 2,701 K	5.2%	2,567,686 2,568 K
More than 1 year and 5 years at most	VQ3	0 0 K	0%	0 0 K	0%	0 0 K
Assets and liabilities associated accounts (gross)	8J1	647 1 K	-99.9%	857,576 858 K	-21.5%	1,092,108 1,092 K
1 year at most	8J2	647 1 K	-99.9%	857,576 858 K	-21.5%	1,092,108 1,092 K
More than 1 year and 5 years at most	8J3	0 0 K	0%	0 0 K	0%	0 0 K
More than 5 years	8J4	0 0 K	0%	0 0 K	0%	0 0 K
Groups and associates (gross)	VI1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	VI2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	VI3	0 0 K	0%	0 0 K	0%	0 0 K
More than 5 years	V14	0 0 K	0%	0 0 K	0%	0 0 K
Other liabilities (gross)	8K1	41,479 41 K	1249.8%	3,073 3 K	-100.0%	45,015,350 45,015 K
1 year at most	8K2	41,479 41 K	1249.8%	3,073 3 K	-100.0%	45,015,350 45,015 K
More than 1 year and 5 years at most	8K3	0 0 K	0%	0 0 K	0%	0 0 K
Debt representative of borrowed securities (gross)	SZ1	0 0 K	0%	46,046,263 46,046 K	0%	0 0 K
1 year at most	SZ2	0 0 K	0%	46,046,263 46,046 K	0%	0 0 K
More than 1 year and 5 years at most	SZ3	0 0 K	0%	0 0 K	0%	0 0 K
Products in advance (gross)	8L1	13,418 13 K	-96.7%	410,983 411 K	289.2%	105,590 106 K
1 year at most	8L2	13,418 13 K	-96.7%	410,983 411 K	289.2%	105,590 106 K
More than 1 year and 5 years at most	8L3	0 0 K	0%	0 0 K	0%	0 0 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Loans made during the period	VJ	0 0 K	0%	0 0 K	0%	0 0 K
Debt repaid during the period	VK	0 0 K	0%	0 0 K	0%	0 0 K

Table allocation results and other information

Dividends distributed

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Dividends	ZE	0 0 K	0%	0 0 K	0%	0 0 K

Commitments

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Commitments leasing furniture	YQ	0 0 K	0%	0 0 K	0%	0 0 K
Commitments Real Estate Leasing	YR	0 0 K	0%	0 0 K	0%	0 0 K
Effects brought to the discount and unmatured	YS	0 0 K	0%	0 0 K	0%	0 0 K

Other charges Externes

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Subcontracting	YT	0 0 K	0%	0 0 K	0%	0 0 K
Rentals, rental charges and condominiums	XQ	0 0 K	0%	0 0 K	0%	0 0 K
Staff outside the company	YU	0 0 K	0%	0 0 K	0%	0 0 K
Remuneration intermediaries and fees (excluding fees)	SS	0 0 K	0%	0 0 K	0%	0 0 K
Fees, commissions and brokerage	YV	0 0 K	0%	0 0 K	0%	0 0 K
Other accounts	ST	0 0 K	0%	0 0 K	0%	0 0 K
Total Other purchases and external	ZJ	0 0 K	0%	0 0 K	0%	0 0 K

Taxes and Fees

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Business tax	YW	0 0 K	0%	0 0 K	0%	0 0 K
Other taxes and payments assimilated	9Z	0 0 K	0%	0 0 K	0%	0 0 K
Total taxes and fees	YX	0 0 K	0%	0 0 K	0%	0 0 K

VAT

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Amount VAT collected	YY	0 0 K	0%	0 0 K	0%	0 0 K
Total VAT on goods and services	YZ	0 0 K	0%	0 0 K	0%	0 0 K

Average number of employees

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Average number of employees	YP	798 1 K	-3.7%	829 1 K	-1.9%	845 1 K

Groups and Shareholders

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Groups and Shareholders	ZR	0 0 K	-	- -	-	- -

Ratios

Synthetic financial performance indicators

31/12/2016

31/12/2015

31/12/2014

Score

Situation

Score

Situation

Score

Situation

Hide AFDCC 2

-

-

-

-

-

-

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

0.03

70%

-0.01

80%

0.02

70%

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

-

-

-

-

-

-

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

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Fixed Asset Financing	2.16	10.8%	1.95	-10.1%	2.17	239.68	-99.1%	2.52	-14.3%
Global Debt	164 days	10.1%	149 days	12.0%	133 days	174.80 days	-6.2%	151 days	9.0%
Working Capital Fund overall net	43 days	10.3%	39 days	-20.4%	49 days	148.23 days	-71.0%	117 days	-63.1%
Financial independence	433,794.79 %	6395.3%	6,678.60 %	-79.3%	32,300.96 %	17,627.76 %	2360.9%	408.44 %	106107.7%
Solvability	12.97 %	91.9%	6.76 %	-67.9%	21.03 %	43.53 %	-70.2%	45.78 %	-71.7%
Capacity debt futures	440,363,678.57 %	6593552.5%	6,678.60 %	-79.3%	32,300.96 %	20,040,392.00 %	2097.4%	4,021.14 %	10951114.8%
Coverage of current assets by net working capital overall	19.89 %	1.0%	19.70 %	-23.4%	25.71 %	47.58 %	-58.2%	48.29 %	-58.8%
General Liquidity	1.15	3.6%	1.11	1.8%	1.09	0.89	29.2%	0.91	26.4%
Restricted Liquidity	4.82	334.2%	1.11	0.9%	1.10	1.53	215.0%	1.33	262.4%

Management or rotation

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Need background in operating working capital	17 days	-60.5%	43 days	19.4%	36 days	62.07 days	-72.6%	51 days	-66.3%
Treasury	1 days	0%	1 days	0%	1 days	84.97 days	-98.8%	46 days	-97.8%
Inventory turnover of goods	-	-	-	-	-	148.69 days	-	0 days	-
Average length of credit granted to customers	109 days	-3.5%	113 days	27.0%	89 days	95.60 days	14.0%	74 days	47.3%
Average length of credit obtained suppliers	106 days	16.5%	91 days	8.3%	84 days	81.97 days	29.3%	79 days	34.2%
Inventory turnover of raw materials in industrial enterprises	132 days	-8.3%	144 days	13.4%	127 days	88.86 days	48.5%	43 days	207.0%
Inventory turnover of intermediate and finished products in the industrial enterprise	-	-	1,291 days	1.8%	1,268 days	620.67 days	-	380 days	-
Rotation tangible assets	-	-	1,291.21 %	1.8%	1,267.90 %	6,242.86 %	-	400.26 %	-

Profitability of the business

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Margin trading	0.00 %	0%	0.00 %	0%	0.00 %	11.19 %	0%	0.26 %	0%
Profitability of the business	6.64 %	155.4%	2.60 %	-25.5%	3.49 %	6.96 %	-4.6%	5.73 %	15.9%
Net profit	4.42 %	211.9%	-3.95 %	-680.9%	0.68 %	4.33 %	2.1%	3.86 %	14.5%
Growth rate of turnover (excluding VAT)	12.79 %	237.5%	3.79 %	-75.7%	15.60 %	12.95 %	-1.2%	9.04 %	41.5%
Rates integration	16.40 %	20.1%	13.65 %	-7.4%	14.74 %	35.29 %	-53.5%	38.55 %	-57.5%
Rate leasing furniture	0.00 %	0%	0.00 %	0%	0.00 %	0.11 %	0%	0.00 %	0%
Work Factor	53.24 %	-27.1%	73.04 %	5.8%	69.03 %	81.91 %	-35.0%	79.08 %	-32.7%
Weight interests	0.79 %	-50.6%	1.60 %	119.2%	0.73 %	0.39 %	102.6%	0.17 %	364.7%

Return on capital

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Cash flow from the overall profitability	5.05 %	528.0%	-1.18 %	47.8%	-2.26 %	5.84 %	-13.5%	5.08 %	-0.6%
Rates of economic profitability	86.00 %	22.9%	70.00 %	125.8%	31.00 %	16.37 %	425.4%	14.00 %	514.3%
Financial profitability	61,650,915.00 %	135.3%	26,196,796.00 %	-65.6%	76,226,711.00 %	3,789,040.13 %	1527.1%	673,357.00 %	9055.8%
Return on investment	67.87 %	208.0%	-62.85 %	-598.0%	12.62 %	11.89 %	470.8%	10.03 %	576.7%

Management intermediate balances

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Turnover	802,843,280 802,843 K	12.8%	711,773,962 711,774 K	3.8%	685,807,635 685,808 K	31,830,310.03 31,830.31 K	2422.3%	2,212,529 2,213 K	36186.2%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Sales of goods	0 0 K	0%	3,753 4 K	-81.2%	19,914 20 K		-		-
- Purchase of goods	0 0 K	0%	0 0 K	0%	0 0 K		-		-
+/- Stock of goods variation	0 0 K	0%	0 0 K	0%	0 0 K		-		-
Trading margin	0 € 0 K €	0%	3,753 € 4 K €	-81.2%	19,914 € 20 K €	482,645.50 € 482.65 K €	0%	3,357 € 3 K €	0%
	0.00 % CA 0.00 % CA	0%	0.00 % CA 0.00 % CA	0%	0.00 % CA 0.00 % CA	11.58 % CA 11.58 % CA	0%	0.45 % CA 0.45 % CA	0%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Sale of goods produced	802,843,280 802,843 K	12.8%	711,770,210 711,770 K	3.8%	685,787,720 685,788 K		-		-
+/- Stocked production	9,701,034 9,701 K	136.4%	4,103,315 4,103 K	72.5%	2,378,132 2,378 K		-		-
+ Self-constructed assets	138,508 139 K	0%	0 0 K	0%	0 0 K		-		-
Period production	812,682,822 € 812,683 K €	13.5%	715,873,525 € 715,874 K €	4.0%	688,165,852 € 688,166 K €	31,599,975.63 € 31,599.98 K €	2471.8%	1,590,717 € 1,591 K €	50989.1%
	101.23 % CA 101.23 % CA	0.6%	100.58 % CA 100.58 % CA	0.2%	100.34 % CA 100.34 % CA	79.42 % CA 79.42 % CA	27.5%	98.36 % CA 98.36 % CA	2.9%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Trading margin	0 0 K	0%	3,753 4 K	-81.2%	19,914 20 K	482,645.50 482.65 K	0%	3,357 3 K	0%
+ Period Production	812,682,822 812,683 K	13.5%	715,873,525 715,874 K	4.0%	688,165,852 688,166 K	31,599,975.63 31,599.98 K	2471.8%	1,590,717 1,591 K	50989.1%
- Purchase of raw materials	157,021,645 157,022 K	-5.9%	166,923,970 166,924 K	-15.5%	197,570,301 197,570 K		-		-
+/- Change in stocks of raw materiels	9,562,667 9,563 K	289.3%	2,456,478 2,456 K	-74.7%	9,705,206 9,705 K		-		-
- Other external purchases and charges	514,423,623 514,424 K	14.5%	449,360,452 449,360 K	18.3%	379,801,620 379,802 K		-		-
Added value	131,674,887 € 131,675 K €	35.6%	97,136,378 € 97,136 K €	-3.9%	101,108,639 € 101,109 K €	6,287,989.53 € 6,287.99 K €	1994.1%	672,188 € 672 K €	19489.0%
	16.40 % CA 16.40 % CA	20.1%	13.65 % CA 13.65 % CA	-7.4%	14.74 % CA 14.74 % CA	35.29 % CA 35.29 % CA	-53.5%	38.55 % CA 38.55 % CA	-57.5%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Added value	131,674,887 € 131,675 K €	35.6%	97,136,378 € 97,136 K €	-3.9%	101,108,639 € 101,109 K €	6,287,989.53 € 6,287.99 K €	1994.1%	672,188 € 672 K €	19489.0%
+ Operating grants	122,686 123 K	67.4%	73,299 73 K	-34.5%	111,848 112 K		-		-
- Tax, duty and similar payments	8,349,929 8,350 K	7.6%	7,760,825 7,761 K	3.4%	7,505,546 7,506 K		-		-
- Personal charges	70,108,222 70,108 K	-1.2%	70,945,967 70,946 K	1.6%	69,799,149 69,799 K		-		-
Gross operating surplus	53,339,422 € 53,339 K €	188.3%	18,502,885 € 18,503 K €	-22.6%	23,915,792 € 23,916 K €	2,057,229.27 € 2,057.23 K €	2492.8%	83,610 € 84 K €	63695.5%
	6.64 % CA 6.64 % CA	155.4%	2.60 % CA 2.60 % CA	-25.5%	3.49 % CA 3.49 % CA	6.96 % CA 6.96 % CA	-4.6%	5.73 % CA 5.73 % CA	15.9%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Gross operating surplus	53,339,422 € 53,339 K €	188.3%	18,502,885 € 18,503 K €	-22.6%	23,915,792 € 23,916 K €	2,057,229.27 € 2,057.23 K €	2492.8%	83,610 € 84 K €	63695.5%
+ Release of reserves and provisions	19,302,786 19,303 K	21.7%	15,863,090 15,863 K	-35.5%	24,585,755 24,586 K		-		-
+ Other operating income	377,486 377 K	38.5%	272,542 273 K	-71.0%	940,387 940 K		-		-
- Depreciation/ Amortisation	31,852,754 31,853 K	34.5%	23,678,181 23,678 K	5.3%	22,495,856 22,496 K		-		-
- Other charges	14,932,042 14,932 K	12.9%	13,223,705 13,224 K	-32.4%	19,552,915 19,553 K		-		-
Operating result	26,234,898 € 26,235 K €	1259.1%	-2,263,369 € -2,263 K €	-130.6%	7,393,163 € 7,393 K €	1,121,446.77 € 1,121.45 K €	2239.4%	90,179 € 90 K €	28992.2%
	3.27 % CA 3.27 % CA	1121.9%	-0.32 % CA -0.32 % CA	-129.6%	1.08 % CA 1.08 % CA	4.89 % CA 4.89 % CA	-33.1%	3.97 % CA 3.97 % CA	-17.6%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Operating result	26,234,898 € 26,235 K €	1259.1%	-2,263,369 € -2,263 K €	-130.6%	7,393,163 € 7,393 K €	1,121,446.77 € 1,121.45 K €	2239.4%	90,179 € 90 K €	28992.2%
+/- Result of joint-venture transferred from/to other partners	0 0 K	0%	0 0 K	0%	0 0 K		-		-
+ Financial income	10,668,948 10,669 K	-41.4%	18,201,256 18,201 K	221.3%	5,665,714 5,666 K		-		-
- Financial charges	6,359,238 6,359 K	-44.3%	11,410,440 11,410 K	127.5%	5,014,981 5,015 K		-		-
Pre-tax result	30,544,608 € 30,545 K €	574.7%	4,527,447 € 4,527 K €	-43.7%	8,043,896 € 8,044 K €	1,283,509.80 € 1,283.51 K €	2279.8%	86,107 € 86 K €	35373.1%
	3.80 % CA 3.80 % CA	493.8%	0.64 % CA 0.64 % CA	-45.3%	1.17 % CA 1.17 % CA	4.90 % CA 4.90 % CA	-22.4%	3.88 % CA 3.88 % CA	-2.1%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Extraordinary income	27,015,835 27,016 K	1650.0%	1,543,745 1,544 K	49.0%	1,036,342 1,036 K	942,061.00 942.06 K	2767.7%	1,441 1 K	1875348.5%
- Extraordinary charges	14,431,274 14,431 K	-61.8%	37,785,087 37,785 K	762.2%	4,382,220 4,382 K		-		-
Extraordinary result	12,584,561 € 12,585 K €	134.7%	-36,241,342 € -36,241 K €	-983.2%	-3,345,878 € -3,346 K €	406,167.40 € 406.17 K €	2998.4%	0 € 0 K €	0%
	1.57 % CA 1.57 % CA	130.8%	-5.09 % CA -5.09 % CA	-938.8%	-0.49 % CA -0.49 % CA	-0.05 % CA -0.05 % CA	3240.0%	0.00 % CA 0.00 % CA	0%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Pre-tax result	30,544,608 € 30,545 K €	574.7%	4,527,447 € 4,527 K €	-43.7%	8,043,896 € 8,044 K €	1,283,509.80 € 1,283.51 K €	2279.8%	86,107 € 86 K €	35373.1%
Extraordinary result	12,584,561 € 12,585 K €	134.7%	-36,241,342 € -36,241 K €	-983.2%	-3,345,878 € -3,346 K €	406,167.40 € 406.17 K €	2998.4%	0 € 0 K €	0%
- Employee profit sharing	4,101,565 4,102 K	13506.4%	-30,594 -31 K	-104.7%	644,712 645 K		-		-
- Tax on profits	3,531,772 3,532 K	199.1%	-3,562,083 -3,562 K	-512.2%	-581,835 -582 K		-		-
Net result	35,495,832 € 35,496 K €	226.2%	-28,121,218 € -28,121 K €	-706.7%	4,635,141 € 4,635 K €	1,411,428.73 € 1,411.43 K €	2414.9%	70,045 € 70 K €	50576.1%
	4.42 % CA 4.42 % CA	211.9%	-3.95 % CA -3.95 % CA	-680.9%	0.68 % CA 0.68 % CA	4.33 % CA 4.33 % CA	2.1%	3.86 % CA 3.86 % CA	14.5%

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 2896Z - Manufacture of plastics and rubber machinery.

Key Performance Indicators

Graphical analysis

Net Turnover

	31/12/2016	31/12/2015	31/12/2014
Company Result	802,843,280 €	711,773,962 €	685,807,635 €
Sector Average	31,830,310 €	29,391,571 €	26,560,402 €

Net Profit

	31/12/2016	31/12/2015	31/12/2014
Company Result	35,495,835 €	-28,121,218 €	4,635,140 €
Sector Average	1,411,429 €	-618,885 €	360,339 €

Net Export Turnover

	31/12/2016	31/12/2015	31/12/2014
Company Result	688,190,288 €	637,615,744 €	685,807,564 €
Sector Average	24,971,224 €	23,504,894 €	23,526,605 €

Account Total

	31/12/2016	31/12/2015	31/12/2014
Company Result	475,291,607 €	387,345,314 €	362,532,091 €
Sector Average	20,330,901 €	17,100,183 €	15,415,883 €

Shareholders Equity

	31/12/2016	31/12/2015	31/12/2014
Company Result	61,650,915 €	26,196,796 €	76,226,711 €
Sector Average	3,755,351 €	2,572,332 €	3,681,855 €

Liabilities

	31/12/2016	31/12/2015	31/12/2014
Company Result	364,968,498 €	295,117,929 €	253,973,500 €
Sector Average	14,654,214 €	12,007,433 €	10,386,351 €

Need background in operating working capital

	31/12/2016	31/12/2015	31/12/2014
Company Result	17 €	43 €	36 €
Sector Average	62 €	72 €	38 €

Gross operating surplus (EBE)

	31/12/2016	31/12/2015	31/12/2014
Company Result	53,339,422 €	18,502,885 €	23,915,792 €
Sector Average	2,057,229 €	1,035,750 €	1,114,099 €

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.67
UK Pound	1	INR 86.11
Euro	1	INR 76.59
Euro	1	INR 76.35

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	SYL

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)

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