3decades

MIRA INFORM REPORT

Report No. :	516147
Report Date :	25.06.2018

IDENTIFICATION DETAILS

Name :	NEXIRA

Registered Office :	129 Chemin De Croisset, BP 4151, 76723 Rouen Cedex

Country :	France

Financials (as on) :	30.09.2017

Date of Incorporation :	April 1988

Com. Reg. No.:	RCS Rouen B 344 770 870

Legal Form :	Simplified Joint Stock Company with Single Associate

Line of Business :	Manufacture of Other Food Products N.E.C. (1089Z)

No. of Employees :	171 [2017]

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 :	Good

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name

Previous Rating

(31.12.2017)

Current Rating

(01.04.2018)

France

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

FRANCE - ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. France is the most visited country in the world with 83 million foreign tourists in 2016, including 530,000 visitors for the 2016 Euro Cup. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality.

France's real GDP grew by 1.6% in 2017, up from 1.2% the year before. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2015, before falling to 9.5% in 2017. Youth unemployment in metropolitan France decreased from 24.6% in the fourth quarter of 2014 to 24% in the fourth quarter of 2016.

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

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

Source : CIA

Company summary

SIRET	344 770 870 00014
Name	NEXIRA
Acronym	CNI
Trade name	-
Status	Economically Active
Postal Address	NEXIRA 129 CHEMIN DE CROISSET BP 4151 76723 ROUEN CEDEX FRANCE
Share Capital	11,040,000 Euros
Telephone	02 32 83 18 18
Activity (APE)	Manufacture of other food products n.e.c. (1089Z)	RCS Registration	RCS Rouen B 344 770 870
Formation Date	04/1988	EUR VAT Number	FR70344770870
Deregistration Date	-	Last account Date	30/09/2017
Court Registry Number	19 8 8B00290	Incorporation Date	05/1988
Registration Court	Rouen (76)	Fax	02 32 83 18 18
Nationality	France	Legal form	Simplified Joint Stock Company with Single Associate
		Currency	Euros

Key Financials

YEAR TO DATE	TURNOVER	GROSS OPERATING SURPLUS	SHAREHOLDER'S EQUITY	NET RESULT	EMPLOYEES
30/09/2017	98,093,047 €	13.34% Turnover	55,341,250 €	7,459,177 €	171 employees
30/09/2016	97,491,107 €	7.85% Turnover	52,907,749 €	3,771,328 €	100 to 199 employees
30/09/2015	98,611,328 €	11.47% Turnover	51,801,397 €	5,316,049 €	184 employees

Directors

Current Directors

Ultimate Holding Company

Name	Company Number
NEXIRA INTERNATIONAL	514103498
Affiliation links.
2 companies in the international Group Structure from 2 countries.

Establishment Details

Type of Establishment	Head Office	Production Role	-
APE/NAF Code	1089Z	Activity	Manufacture of other food products n.e.c.
Formation Date	04/1988	Reason for Formation	Formation
Closure Date	-	Reason for Closure	-
Reactivation Date	-	Seasonality	-
Activity Nature	Other	Activity Location	Other
Trading Address	129 CHEMIN DE CROISSET 76000 ROUEN	Department	Seine-Maritime (76)
Location Surface	-	District	3
City	ROUEN	Status	Economically active
Business Pages FT®	DIETETIQUE: PRODUITS BIOLOGIQUES, NATURELS ET DE REGIME (DETAIL)	Region	-
		Area	97
		Size of Urban Area	Urban unit with 200 000 to 1 999 999 inhabitants

Ultimate Parent(s)

1 ultimate parent company/companies for this company

Company Name	Activity (APE)	APE/NAF Code	City	Post Code
NEXIRA INTERNATIONAL	Wholesale trade (business-to-business) non-specialized food	4639B	ROUEN	76000

Other Establishment(s)

Regionality	Legal unit with multiple establishments in many areas having at least 50% of workforce in same area
Mono-activity status	Legal unit having all establishments with the same main activity
Branches	5 branch entities in this company

Company Name	Company Type	APE/NAF Code	Activity	City	Post Code
NEXIRA	Head Office	1089Z	Manufacture of other food products n.e.c.	ROUEN	76000
NEXIRA	Branch	1089Z	Manufacture of other food products n.e.c.	BRAM	11150
NEXIRA	Branch	1089Z	Manufacture of other food products n.e.c.	LAMOTHE MONTRAVEL	24230
NEXIRA	Branch	1089Z	Manufacture of other food products n.e.c.	SERQUEUX	76440
NEXIRA	Branch	1089Z	Manufacture of other food products n.e.c.	CORBIE	80800

Workforces

Workforce at address	50 to 99 employees	Company workforce	100 to 199 employees
		Workforce account	100 to 199 employees
		30/09/2017

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 3 directors

The decrease in the gearing percentage over the last two accounting periods is 16 %

Industry code with low risk rating

The ratio total assets to total liabilities is 2.95

The creditor days are 52.91

The total assets are 84,010,900 €

The shareholder's equity is 55,341,250 €

The net turnover is 98,093,047 €

The pre-tax profit is 10,709,089 €

The net current assets are 62,299,104 €

The liabilities are 26,069,620 €

The risk provisions are 2,443,749 €

The return on total assets employed is 12.75

Department code with medium risk rating

The sales to current assets ratio is 1.57

The stock to turnover ratio is 21.09

High risk workforce size

Industry comparison

Activity (APE)

Manufacture of other food products n.e.c. (1089Z)

Collective procedures

No judgment information for the company

Preferential rights details and history

Summary of preferential rights

Company monitored since	03/06/2009
Status of Monitoring	No social security and tax office preferential right to date

Group Data

Ultimate parent company	NEXIRA INTERNATIONAL
Direct parent	NEXIRA INTERNATIONAL - 100 %
Group – Number of companies	6
Linkages – Number of companies	2
Number of countries	2

	NAME	SIREN	PARTS	LAST ACCOUNT PUBLISHED
1	NEXIRA INTERNATIONAL	514103498	-	30/09/2017
2	NEXIRA	344770870	100 %	30/09/2017
3	COLLOIDES NATUREL MEXIQUE	-	100 %	-
	COLLOIDES NATURELS JAPON	-	100 %	-
	COLLOIDES NATUREL INC	-	100 %	-
	STARLIGHT PRODUCTS	413543612	100 %	30/09/2017

Shareholders

Type of shareholders

Company: 100%Company

Shareholders

NEXIRA INTERNATIONAL: 100%NEXIRA INTERNATIONAL

Linkages

COMPANY NAME	SIREN	LAST ACCOUNT PUBLISHED	TURNOVER
IRANEX	057809543	30/09/2008	9,435,506 €
COLLOIDES NATURELS (UK) LIMITED	02885317	30/09/2016	-

Shareholder(s)

Name	NEXIRA INTERNATIONAL
Name of representative
Manager position	President	Date of birth	-
Place of birth
Type	Moral person	Name at birth

Director(s)

Name	M. DONDAIN MATHIEU, NICOLAS
Manager position	Managing director	Date of birth	07/08/1971
Place of birth	BOULOGNE BILLANCOURT
Type	Individual	Name at birth

Statutory Auditor

Name	SOCIETE MAZARS, DUPARC ET ASSOCIES - MDA
Name of representative
Manager position	Statutory auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M. DONDAIN STÉPHANE	12/08/1945 - NEUILLY SUR SEINE
President	M. DONDAIN STÉPHANE	12/08/1945 - NEUILLY SUR SEINE (92)
Managing director	M. DONDAIN MATHIEU, NICOLAS	07/08/1971 - BOULOGNE BILLANCOURT
Administrator	M. BERNARD PATRICK	-
Administrator	M. BROSSE JACQUES	-
Administrator	IRANEX	-

Status history

No Status History

Recent publications in Gazettes

	Publication date	Gazette Name	Description
	24/04/2018	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 9134 - 344770870 RCS. NEXIRA. Forme : Société par actions simplifiée à associé unique. Adresse : 129 chemin du Croisset 76000 Rouen. Commentaires :Comptes annuels et rapports de l'exercice clos le : 30/09/2017.
	05/04/2018	Bodacc A	Vente et cession : Acheteur
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 763 - 344 770 870 RCS Rouen. NEXIRA. Forme : Société par actions simplifiée à associé unique. Capital : 11040000 EUR. Adresse : 129 chemin du Croisset, 76000 Rouen. Date de commencement de l’activité : 01/01/0001. Oppositions : Art.L.236-14 du code de commerce. Descriptif : Avis de projet de fusion Société absorbante : NEXIRA, SAS à associé unique, 129 chemin du Croisset 76000 Rouen au capital de 11.040.000 euros, RCS Rouen 344 770 870 Société absorbée : NEXIRA INTERNATIONAL, SAS, 129 chemin de Croisset 76000 Rouen au capital de 34.884.650 euros, RCS Rouen 514 103 498 Actif transmis : 70.251.079 euros Passif transmis : 29.127.705 euros Actif net apporté : 41.123.374 euros Rapport d'échange des droits sociaux : il sera attribué aux associés de la société NEXIRA INTERNATIONAL 697.693 actions nouvelles de la société NEXIRA à raison d'une parité de 0,20 action NEXIRA pour 1 action NEXIRA INTERNATIONAL Montant prévue de la prime de fusion : 29.960.286 euros Date du projet commun de fusion : 23 mars 2018 Dépôt au greffe du tribunal de commerce de Rouen pour chaque société participante le 30 mars 2018. Commentaires : Autre achat, apport, attribution (immatriculation d'une personne morale, uniquement).
	24/08/2017	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 1241 - 344 770 870 RCS Rouen. NEXIRA. Forme : Société par actions simplifiée à associé unique. Administration : Président : NEXIRA INTERNATIONAL (SAS) ; Directeur général : DONDAIN Mathieu, Nicolas ; Commissaire aux comptes titulaire : SOCIETE MAZARS, DUPARC ET ASSOCIES - MDA (SADIR). Activité : . Commentaires : Modification survenue sur l'administration.
	02/08/2017	JAL	Resignation / Revocation of the social representative
Les Affiches de normandie Date de décision : 20/07/2017 La société 344770870 - NEXIRA, CNI, 1 AVENUE DE LA PREUILHE, PARC TECHNOLOGIQUE DU LAURAGAIS, 11150 BRAM Fait l'objet du départ de Monsieur Stéphane DONDAIN
	02/08/2017	JAL	Appointment of the social representative
Les Affiches de normandie Date de décision : 20/07/2017 Nominé : Monsieur Mathieu DONDAIN, 76000 ROUEN En la fonction de : Directeur général
	18/05/2017	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 1101 - 344 770 870 RCS Rouen. NEXIRA. Forme : Société par actions simplifiée à associé unique. Administration : Président : DONDAIN Stéphane ; Commissaire aux comptes titulaire : SOCIETE MAZARS, DUPARC ET ASSOCIES - MDA (SADIR). Activité : . Commentaires : Modification survenue sur l'administration.
	13/05/2017	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 6669 - 344770870 RCS. NEXIRA. Forme : Société par actions simplifiée à associé unique. Adresse : 129 chemin du Croisset 76000 Rouen. Commentaires :Comptes annuels et rapports de l'exercice clos le : 30/09/2016.
	10/05/2017	JAL	Resignation / Revocation of the social representative
Les Affiches de normandie Date de décision : 21/03/2017 La société 344770870 - NEXIRA, CNI, 1 AVENUE DE LA PREUILHE, PARC TECHNOLOGIQUE DU LAURAGAIS, 11150 BRAM Fait l'objet du départ de Monsieur LECOUTEUX
	27/04/2016	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 7685 - 344770870 RCS. NEXIRA. Forme : Société par actions simplifiée à associé unique. Adresse : 129 chemin du Croisset 76000 Rouen. Commentaires :Comptes annuels et rapports de l'exercice clos le : 30/09/2015.
	27/04/2015	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 9892 - 344770870 RCS. NEXIRA. Forme : Société par actions simplifiée à associé unique. Adresse : 129 chemin du Croisset 76000 Rouen. Commentaires :Comptes annuels et rapports de l'exercice clos le : 30/09/2014.
	26/04/2014	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 12309 - 344770870 RCS. NEXIRA. Forme : Société par actions simplifiée à associé unique. Adresse : 129 chemin du Croisset 76000 Rouen. Commentaires :Comptes annuels et rapports de l'exercice clos le : 30/09/2013.
	06/05/2013	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 13478 - 344770870 RCS. NEXIRA. Forme : Société par actions simplifiée à associé unique. Adresse : 129 chemin du Croisset 76000 Rouen. Commentaires :Comptes annuels et rapports de l'exercice clos le : 30/09/2012.
	10/03/2013	Bodacc A	Vente et cession : Acheteur
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 1192 - 344 770 870 RCS Rouen. NEXIRA. Forme : Société par actions simplifiée à associé unique. Capital : 11040000 EUR. Adresse : 129 chemin du Croisset, 76000 Rouen. Date de commencement de l’activité : 01/01/0001. Oppositions : Art.L.236-14 du code de commerce. Descriptif : Avis de projet de fusion Soci¿t¿ absorbante : NEXIRA, SAS, 129 chemin de Croisset 76000 Rouen au capital de 11.040.000 Euros, RCS Rouen 344 770 870 Soci¿t¿ absorb¿e : TOURNAY BIOTECHNOLOGIES, SAS, 129 chemin de Croisset 76000 Rouen au capital de 325.000 Euros, RCS Rouen 387 671 936 Actif transmis : 3.275.607 Euros Passif transmis : 1.048.856 Euros Rapport d'¿change des droits sociaux : pas de rapport d'¿change car fusion simplifi¿e Montant pr¿vue de la prime de fusion : Mali fusion : 6.115.161 Euros Date du projet commun de fusion : 25/02/2013 Date et lieu du d¿p¿t au RCS au titre de chanque soci¿t¿ participante : D¿p¿t au greffe du tribunal de commerce de Rouen le 26/02/2013. Commentaires : Autre achat, apport, attribution.
	10/05/2012	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 2924 - 344 770 870 RCS Rouen. NEXIRA. Forme : Société par actions simplifiée à associé unique. Capital : 11040000 EUR. Activité : Importation, exportation, négoce de toutes denrées dont le commerce n'est pas réglementé. Activités industrielles, fabrication de tous produits biologiques, chimiques, pharmaceutiques, création, recherche développement de ces produits. Commentaires : Modification survenue sur l'activité, le capital et Fusion - L236-1 à compter du 01/10/2011 : Personne(s) morale(s) ayant participé à l'opération : NEXIRA HEALTH, Société par actions simplifiée (SAS), 1 avenue de Preuilhe - Parc Technologique du Lauragais 11150 Bram (RCS CARCASSONNE (1101) 329 581 375) NEXIRA TECHNOLOGY, Société à responsabilité limitée (SARL), route de Neufchâtel 76440 Serqueux (RCS DIEPPE (7601) 351 138 235).
	09/05/2012	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 12933 - 344770870 RCS. NEXIRA. Forme : Société par actions simplifiée à associé unique. Adresse : 129 chemin du Croisset 76000 Rouen. Commentaires :Comptes annuels et rapports de l'exercice clos le : 30/09/2011.
	21/02/2012	Bodacc A	Vente et cession : Acheteur
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 991 - 344 770 870 RCS Rouen. NEXIRA. Forme : Société par actions simplifiée à associé unique. Capital : 4040000 EUR. Adresse : 129 chemin du Croisset, 76000 Rouen. Date de commencement de l’activité : 01/01/0001. Oppositions : Art.L.236-14 du code de commerce. Descriptif : Avis de projet de fusion - Soci¿t¿ absorbante : NEXIRA, SAS, 129 chemin de Croisset 76000 Rouen au capital de 4.040.000 Euros - RCS Rouen 344 770 870 - Soci¿t¿ absorb¿e NEXIRA HEALTH, SAS, 1 avenue de Preuilhe, parc technologiques du Lauragais 11150 Bram au capital de 596.511 Euros - RCS Carcassonne 329 581 375 - Actif transmis : 5.253.050 Euros - Passif transmis : 2.179.872 Euros - Rapport d'¿change des droits sociaux : pas de rapport d'¿change car fusion simplifi¿e - Montant pr¿vu de la prime de fusion : Mali de fusion 3.926.822 Euros - Date du projet de fusion : 07/02/2012 - D¿p¿t au Greffe du Tribunal de commerce de Rouen le 08/02/2012 - D¿p¿t au Greffe du Tribunal de commerce de Carcasonne le 09/02/2012. Commentaires : Autre achat, apport, attribution.
	19/02/2012	Bodacc A	Vente et cession : Acheteur
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 410 - 344 770 870 RCS Rouen. NEXIRA. Forme : Société par actions simplifiée à associé unique. Capital : 4040000 EUR. Adresse : 129 chemin du Croisset, 76000 Rouen. Date de commencement de l’activité : 01/01/0001. Oppositions : Art. L.236-14 du code de commerce. Descriptif : Avis de projet de fusion - Soci¿t¿ absorbante : NEXIRA, SAS, 129, chemin de Croisset 76000 Rouen au capital de 4.040.000 Euros, RCS Rouen 344 770 870. - Soci¿t¿ absorb¿e :NEXIRA TECHNOLOGY, SARL, route de Neufch¿tel 76440 Serqueux au capital de 9.000.000 Euros, RCS Dieppe 351 138 235 Actif transmis : 13.952.179 Euros Passif transmis : 2.748.567 Euros Pas de rapport d'¿change des droits sociaux car fusion simplifi¿e Montant pr¿vu de la prime de fusion : Boni fusion 2.111.830,40 Euros Date du projet commun de fusion : 07/02/2012 D¿p¿t au Greffe du Tribunal de Commerce de Rouen le 08/02/2012 D¿p¿t au Greffe du Tribunal de Commerce de Dieppe le 08/02/2012. Commentaires : Autre achat, apport, attribution.
	19/02/2012	Bodacc A	Vente et cession : Vendeur
11 - AUDE GREFFE DU TRIBUNAL DE COMMERCE DE CARCASSONNE 31 - 329 581 375 RCS Carcassonne. NEXIRA HEALTH. Forme : Société par actions simplifiée. Capital : 596511 EUR. Adresse : 1 avenue de Preuilhe - Parc Technologique du Lauragais, 11150 Bram. Origine du fonds : Fonds acquis par fusion au prix stipulé de 3926822 Euros. Etablissement : Etablissement principal. Activité : Fabrication de produits chimiques destinés à l'industrie chimique alimentaire fabrication commercialisatjion de produits agro alimentaires biologiques chimiques et pharmaceutiques. Adresse : 1 avenue de la Preuilhe, Parc Technologique du Lauragais, 11150 Bram. Précédent propriétaire : NEXIRA. 344 770 870 RCS Rouen. Date de commencement de l’activité : 07/02/2012. Oppositions : Correspondance : selafa SORE J - Sté Rouennaise Etudes Juridiques à 76130 MONT ST AIGNAN, 45 rue Raymond Aron - B.P. 537. Commentaires : Achat d'un fonds par une personne morale (insertion provisoire).
	08/11/2011	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 1068 - 344 770 870 RCS Rouen. NEXIRA. Forme : Société par actions simplifiée unipersonnelle. Activité : . Commentaires : Modification survenue sur la dénomination.
	11/05/2011	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 10052 - 344770870 RCS. C.N.I. - COLLOIDES NATURELS INTERNATIONAL. Forme : Société par actions simplifiée unipersonnelle. Adresse : 129 chemin du Croisset 76000 Rouen. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2010.
	16/06/2010	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 2767 - 344 770 870 RCS Rouen. C.N.I. - COLLOIDES NATURELS INTERNATIONAL. Forme : Société par actions simplifiée unipersonnelle. Administration : Président : DONDAIN Stéphane Commissaire aux comptes titulaire : SOCIETE MAZARS, DUPARC ET ASSOCIES - MDA (SAD) Commissaire aux comptes suppléant : LECOUTEUX Jean-Guy. Commentaires : Modification survenue sur la forme juridique, l'administration.
	26/05/2010	JAL	Resignation / Revocation of the social representative
LES AFFICHES DE NORMANDIE Date de décision : 30/04/2010 La société 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Fait l'objet du départ de Monsieur Gérard VIEL
	26/05/2010	JAL	Resignation / Revocation of the social representative
LES AFFICHES DE NORMANDIE Date de décision : 30/04/2010 La société 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Fait l'objet du départ de Monsieur Patrick BERNARD
	11/04/2010	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 1833 - 344 770 870 RCS Rouen. C N I COLLOIDES NATURELS INTERNATIONAL. Forme : Société anonyme. Administration : Président du conseil d'administration assumant la direction générale : DONDAIN Stéphane Administrateur : BERNARD Patrick, Gerard, Jean Administrateur : VIEL Gérard, Jules, Marcel Commissaire aux comptes titulaire : SOCIETE MAZARS, DUPARC ET ASSOCIES - MDA (SAD) Commissaire aux comptes suppléant : LECOUTEUX Jean-Guy. Commentaires : Modification survenue sur l'administration.
	16/03/2010	JAL	Resignation / Revocation of the social representative
LE BULLETIN DE L'ARRONDISSEMENT DE ROUEN Date de décision : 04/03/2010 La société 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Fait l'objet du départ de Monsieur Gontran DONDAIN
	16/03/2010	JAL	Resignation / Revocation of the social representative
LE BULLETIN DE L'ARRONDISSEMENT DE ROUEN Date de décision : 04/03/2010 La société 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Fait l'objet du départ de Monsieur Gontran DONDAIN
	16/03/2010	JAL	Resignation / Revocation of the social representative
LE BULLETIN DE L'ARRONDISSEMENT DE ROUEN Date de décision : 04/03/2010 La société 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Fait l'objet du départ de Monsieur Gontran DONDAIN
	16/03/2010	JAL	Resignation / Revocation of the social representative
LE BULLETIN DE L'ARRONDISSEMENT DE ROUEN Date de décision : 04/03/2010 La société 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Fait l'objet du départ de La société IRANEX
	16/03/2010	JAL	Resignation / Revocation of the social representative
LE BULLETIN DE L'ARRONDISSEMENT DE ROUEN Date de décision : 04/03/2010 La société 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Fait l'objet du départ de Monsieur Jacques BROSSE
	16/03/2010	JAL	Appointment of the social representative
LE BULLETIN DE L'ARRONDISSEMENT DE ROUEN Société faisant objet d'une nomination : 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Nominé : Monsieur Stéphane DONDAIN, 10 RUE 10 RUE CHRISTINE, 75006 PARIS En la fonction de : Administrateur
	16/03/2010	JAL	Appointment of the social representative
LE BULLETIN DE L'ARRONDISSEMENT DE ROUEN Société faisant objet d'une nomination : 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Nominé : Monsieur Stéphane DONDAIN, 10 RUE 10 RUE CHRISTINE, 75006 PARIS En la fonction de : DG - Directeur Général
	16/03/2010	JAL	Appointment of the social representative
LE BULLETIN DE L'ARRONDISSEMENT DE ROUEN Société faisant objet d'une nomination : 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Nominé : Monsieur Gérard VIEL, 10 RUE 10 RUE DU VAL BOSQUET, 76430 ST AUBIN ROUTOT En la fonction de : Administrateur
	16/03/2010	JAL	Appointment of the social representative
LE BULLETIN DE L'ARRONDISSEMENT DE ROUEN Société faisant objet d'une nomination : 344770870 - COLLOIDES NATURELS INTERNATIONAL, CNI, 129 CHE DE CROISSET, BP 4151, 76000 ROUEN Nominé : Monsieur Stéphane DONDAIN, 10 RUE 10 RUE CHRISTINE, 75006 PARIS En la fonction de : Président
	09/10/2009	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 9994 - 344770870 RCS. C N I COLLOIDES NATURELS INTERNATIONAL. Forme : Société anonyme. Adresse : 129 chemin du Croisset 76000 Rouen. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2008.
	19/08/2007	Bodacc B	Modifications et mutations diverses
1285 - RCS Rouen B 344 770 870. RC 88-B 290. C.N.I.-COLLOIDES NATURELS INTERNATIONAL. Sigle : CNI. Forme : S.A. Adresse du siège social : 129 chemin du Croisset,, 76000 Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration assumant la direction : DONDAIN (Gontran) (Nom d'usage : DONDAIN). Directeur général délégué non administrateur : DONDAIN (Stéphane) (Nom d'usage : DONDAIN). Administrateurs : IRANEX, représentée par DONDAIN (Stéphane) (Nom d'usage : DONDAIN) BROSSE (Jacques, Pierre, Paul) (Nom d'usage : BROSSE) BERNARD (Patrick, Gérard, Jean) (Nom d'usage : BERNARD). Commissaire aux comptes titulaire : SOCIETE MAZARS DUPARC ET ASSOCIES-MDA. Commissaire aux comptes suppléant : LECOUTEUX (Jean, Guy) (Nom d'usage : LECOUTEUX). Date d'effet : 30 mars 2007.
	25/06/2004	Bodacc B	Modifications et mutations diverses
RCS Rouen B 344770870 RC 88-B 290 C.N.I. -COLLOIDES NATURELS INTERNATIONAL. Sigle : CNI. Forme : S.A. Adresse du siège social : 129 chemin du Croisset, 76000 Rouen. Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration assumant la direction : DONDAIN ( Gontran) ( Nom d'usage : DONDAIN). Directeur général délégué non administrateur : DONDAIN (Stéphane) ( Nom d'usage : DONDAIN). Administrateurs : IRANEX, représentée par DONDAIN (Stéphane) ( Nom d'usage : DONDAIN) BROSSE (Jacques, Pierre, Paul) ( Nom d'usage : BROSSE) BERNARD (Patrick, Gérard, Jean) ( Nom d' usage : BERNARD). Commissaires aux comptes titulaires : BEAUD'HUIN (Alain) ( Nom d'usage : BEAUD'HUIN) STE MAZARS DUPARC ET ASSOCIES-MDA. Commissaires aux comptes suppléants : SERY (Rémy) ( Nom d'usage : SERY) LECOUTEUX (Jean, Guy) ( Nom d'usage : LECOUTEUX). Date d'effet : 29 mars 2004.
	24/05/2002	Bodacc B	Modifications et mutations diverses
RCS Rouen B 344770870 RC 88-B 290 C.N.I. -COLLOIDES NATURELS INTERNATIONAL. Sigle : CNI. Forme : S.A. Capital : 4 040 000 euros. Adresse du siège social : 129 chemin du Croisset, 76000 Rouen. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : DONDAIN (Gontran) ( Nom d'usage : DONDAIN). Directeur général non administrateur : DONDAIN (Stéphane) ( Nom d'usage : DONDAIN). Administrateurs : IRANEX, représentée par DONDAIN (Stéphane) ( Nom d'usage : DONDAIN) BROSSE (Jacques, Pierre, Paul) ( Nom d'usage : BROSSE) BERNARD (Patrick, Gérard, Jean) ( Nom d' usage : BERNARD). Commissaires aux comptes titulaires : BEAUD'HUIN (Alain) ( Nom d'usage : BEAUD'HUIN) STE MAZARS DUPARC ET ASSOCIES-M.D.A. Commissaires aux comptes suppléants : SERY (Rémy) ( Nom d'usage : SERY) LECOUTEUX (Jean, Guy) ( Nom d'usage : LECOUTEUX). Date d'effet : 8 mars 2002.
	22/06/2001	Bodacc B	Modifications et mutations diverses
RCS Rouen B 344770870 RC 88-B 290 C.N.I. -COLLOIDES NATURELS INTERNATIONAL. Sigle : C.N.I. Forme : S.A. Capital : 4 040 000 euros. Adresse du siège social : 129 chemin du Croisset, 76000 Rouen. Commentaires : modification survenue sur le capital (augmentation et conversion en euros) et l'administration. Administration : P.-D.G. : DONDAIN ( Gontran) ( Nom d'usage : DONDAIN). Directeur général non administrateur : DONDAIN (Stéphane) ( Nom d'usage : DONDAIN). Administrateurs : IRANEX, représentée par DONDAIN (Stéphane) ( Nom d'usage : DONDAIN) BROSSE ( Jacques, Pierre, Paul) ( Nom d'usage : BROSSE) BERNARD (Patrick, Gérard, Jean) ( Nom d'usage : BERNARD) CASSAIGNE (Jean-Charles) ( Nom d'usage : CASSAIGNE). Commissaires aux comptes titulaires : BEAUD'HUIN (Alain) ( Nom d' usage : BEAUD'HUIN) STE MAZARS DUPARC ET ASSOCIES-M.D.A. Commissaires aux comptes suppléants : SERY (Rémy) ( Nom d'usage : SERY) LECOUTEUX (Jean, Guy) ( Nom d'usage : LECOUTEUX). Date d'effet : 16 mars 2001.
	23/07/1995	Bodacc B	Modifications et mutations diverses
RCS Rouen B 344 770 870 RC 88-B 290 C.N. I. - COLLOIDES NATURELS INTERNATIONAL. Sigle : C.N.I. Forme : S.A. Capital : 25 250 000 F (fixe). Adresse du siège social : 129 chemin du Croisset, 76000 Rouen. Administration : ancien administrateur : DUVAL (Henri) nouveaux administrateurs : BERNARD ( Patrick) et BROSSE (Jacques) ancien commissaire aux comptes titulaire : REY (Gaston) nouveau commissaire aux comptes titulaire : BEAUD'HUIN (Alain) ancien commissaire aux comptes suppléant : Mme REY (Renée) nouveau commissaire aux comptes suppléant : SERY (Rémy). Date d'effet : 28 mars 1995.

Company events history

Date	Description
14/05/2018	Audit or Management Report
26/04/2018	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
24/04/2018	Bodacc C : Deposit accounts notice
05/04/2018	Bodacc A : Sale and transfer
30/03/2018	Merger
16/01/2018	Payment incident detected
30/09/2017	New accounts available
24/08/2017	Bodacc B: Various editing or changing
16/08/2017	Amendment
16/08/2017	New chairman (CEO, CoB)
16/08/2017	Changes to the Board of Directors
02/08/2017	Legal Gazette: Resignation / Revocation of the social representative
20/07/2017	Legal Gazette: Appointment of the social representative
18/05/2017	Bodacc B: Various editing or changing
13/05/2017	Update Limit
13/05/2017	Update Rating
13/05/2017	Bodacc C : Deposit accounts notice
11/05/2017	New auditor
11/05/2017	Amendment
10/05/2017	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
10/05/2017	Legal Gazette: Resignation / Revocation of the social representative
01/12/2016	Payment incident closed
19/10/2016	Payment incident detected
30/09/2016	New accounts available
27/04/2016	Bodacc C : Deposit accounts notice
22/04/2016	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/09/2015	New accounts available
28/04/2015	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
27/04/2015	Bodacc C : Deposit accounts notice
30/09/2014	New accounts available
26/04/2014	Bodacc C : Deposit accounts notice
18/04/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/09/2013	New accounts available
05/07/2013	New subsidiarie(s) detected
06/05/2013	Bodacc C : Deposit accounts notice
29/04/2013	Declaration of conformity
29/04/2013	Amendment
29/04/2013	Merger
23/04/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
10/03/2013	Bodacc A : Sale and transfer
26/02/2013	Planned merger
26/02/2013	Merger
30/09/2012	New accounts available
10/05/2012	Bodacc B: Various editing or changing
09/05/2012	Bodacc C : Deposit accounts notice
04/05/2012	Disengagement in other companies
03/05/2012	Modification of Establishment Activity
23/04/2012	Audit or Management Report
23/04/2012	Capital increase
23/04/2012	Change to corporate purpose
23/04/2012	Declaration of conformity
23/04/2012	Minutes of general meeting of shareholders
23/04/2012	Updated articles of association
21/04/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
26/03/2012	Other modification of Establishment
26/03/2012	Update of Company Activity
26/03/2012	Formation of Establishment
26/03/2012	Modification of Company Activity
21/02/2012	Bodacc A : Sale and transfer
19/02/2012	Bodacc A : Sale and transfer
08/02/2012	Merger
08/11/2011	Bodacc B: Various editing or changing
07/11/2011	Update of Company Name
07/11/2011	Modification to Company Identifier
26/10/2011	Amendment
26/10/2011	Updated articles of association
26/10/2011	New company name
30/09/2011	New accounts available
11/05/2011	Bodacc C : Deposit accounts notice
30/04/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
15/10/2010	Disengagement of the group
15/10/2010	New ultimate parent
15/10/2010	New parent detected
30/09/2010	New accounts available
09/07/2010	New subsidiarie(s) detected
09/07/2010	New ultimate parent
09/07/2010	New parent detected
16/06/2010	Bodacc B: Various editing or changing
01/06/2010	Audit or Management Report
01/06/2010	New legal form – new category
01/06/2010	Updated articles of association
01/06/2010	Minutes of general meeting of shareholders
26/05/2010	Legal Gazette: Resignation / Revocation of the social representative
30/04/2010	Update of Company Legal Form
30/04/2010	Other modification of Establishment (error correction)
11/04/2010	Bodacc B: Various editing or changing
25/03/2010	Changes to the Board of Directors
25/03/2010	New chairman (CEO, CoB)
25/03/2010	Minutes of general meeting of shareholders
25/03/2010	Minutes of Board meeting
25/03/2010	Amendment
16/03/2010	Legal Gazette: Resignation / Revocation of the social representative
04/03/2010	Legal Gazette: Appointment of the social representative
25/02/2010	Amendment
25/02/2010	Application and court order
09/10/2009	Bodacc C : Deposit accounts notice
08/07/2009	Extension of term
08/07/2009	Application and court order
03/06/2009	Collection of preferential rights activated for this company
11/07/2007	New auditor
11/07/2007	Minutes of general meeting of shareholders
11/07/2007	Minutes of general meeting of shareholders
11/07/2007	Appointment/resignation of company officers
11/07/2007	Private document
03/06/2004	Amendment
03/06/2004	Minutes of Board meeting
03/06/2004	Private document
03/06/2004	Updated articles of association
03/06/2004	Minutes of general meeting of shareholders
26/04/2002	Private document
26/04/2002	Changes to the Board of Directors
26/04/2002	Minutes of general meeting of shareholders
26/04/2002	Appointment/resignation of company officers
29/05/2001	Amendment
29/05/2001	Conversion of equity to euro
29/05/2001	Capital increase
29/05/2001	Appointment/resignation of company officers
29/05/2001	Private document
29/05/2001	Updated articles of association
29/05/2001	Minutes of general meeting of shareholders
28/06/1995	Appointment/resignation of company officers
28/06/1995	Minutes of general meeting of shareholders
28/06/1995	Changes to the Board of Directors
28/06/1995	New auditor
19/11/1991	Minutes of general meeting of shareholders
19/11/1991	Changes to the Board of Directors
19/11/1991	Appointment/resignation of company officers

Establishment events history

Date	Description
03/05/2012	Modification of Head office Activity
03/05/2012	Update of Establishment Activity
26/03/2012	Modification of Head office
26/03/2012	Update of Establishment Activity
26/03/2012	Modification of Head office Activity
07/11/2011	Modification of Head office
23/06/2010	Update of phone numbers
30/04/2010	Modification of Head office
21/01/2010	Update of phone numbers

Synthesized Accounts

Annual Accounts

	30/09/2017	30/09/2016	30/09/2015
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	25/04/2018	09/05/2017	21/04/2016
Activity Code	1089Z	1089Z	1089Z
Employees	171	0	184

Active account

	30/09/2017	Variation	30/09/2016	Variation	30/09/2015	SECTOR MEDIAN 2017
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	21,207,546	-4.4%	22,190,835	-6.7%	23,796,110	134,622	15653.4%
Intangible assets	10,540,006	0.1%	10,526,410	-2.9%	10,843,827	1,397	754644.4%
Tangible assets	9,165,436	-9.8%	10,159,853	-11.8%	11,514,806	84,968	10687.0%
Financial assets	1,502,103	-0.2%	1,504,572	4.7%	1,437,476	1,758	85368.2%
Net current assets	62,299,104	14.2%	54,542,946	-7.8%	59,164,646	237,954	26081.2%
Stocks	20,689,576	6.9%	19,355,917	-43.7%	34,404,467	43,176	47819.7%
Advanced payments	0	0%	0	0%	0	0	0%
Receivables	34,267,747	23.7%	27,712,502	13.2%	24,487,966	74,028	46190.6%
Securities and cash	7,341,780	-1.8%	7,474,527	2645.8%	272,213	46,387	15727.4%
Prepaid expenses	-	-	-	-	-	407	-
Accounts of regularization	504,249	264.6%	138,287	-83.9%	857,320	0	0%
Total Assets	84,010,900	9.3%	76,872,068	-8.3%	83,818,076	440,742	18961.2%

Passive Account

	30/09/2017	Variation	30/09/2016	Variation	30/09/2015	SECTOR MEDIAN 2017
Shareholders' equity	55,341,250	4.6%	52,907,749	2.1%	51,801,397	96,255	57394.4%
Share capital	11,040,000	0%	11,040,000	0%	11,040,000	24,500	44961.2%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	2,443,749	15.4%	2,117,311	-25.2%	2,831,964	0	0%
Liabilities	26,069,620	20.3%	21,676,069	-25.7%	29,165,121	260,701	9899.8%
Financial liabilities	7,719,354	-17.7%	9,381,881	21.8%	7,704,849	105,443	7220.9%
Advanced payments received	0	0%	0	0%	0	0	0%
Trade account payables	14,219,095	50.2%	9,469,260	-33.0%	14,140,496	44,174	32088.8%
Tax and social liabilities	3,609,043	35.2%	2,669,315	-57.6%	6,296,077	54,556	6515.4%
Other debts and fixed assets liabilities	678,409	107.7%	326,551	-68.7%	1,043,292	7,583	8847.0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	84,010,900	9.3%	76,872,068	-8.3%	83,818,076	440,742	18961.3%

Results

	30/09/2017	Variation	30/09/2016	Variation	30/09/2015	SECTOR MEDIAN 2017
Sales of Goods	99,241,673	0.8%	98,441,718	-1.2%	99,626,921	481,520	20510.1%
Net turnover	98,093,047	0.6%	97,491,107	-1.1%	98,611,328	459,207	21261.4%
of which net export turnover	86,774,103	0.7%	86,157,286	-0.9%	86,951,658	0	0%
Operating charges	87,795,749	-6.2%	93,642,729	2.5%	91,401,440	502,729	17363.8%
Operating profit/loss	11,445,924	138.5%	4,798,989	-41.7%	8,225,482	13,016	87837.3%
Financial income	1,037,942	-4.0%	1,081,280	209.5%	349,390	6	17298933.3%
Financial charges	1,182,284	133.3%	506,838	-45.0%	920,785	2,316	50959.6%
Financial profit/loss	-144,342	-125.1%	574,442	200.5%	-571,395	-1,782	-8002.3%
Pretax net operating income	11,301,582	110.3%	5,373,432	-29.8%	7,654,086	8,155	138493.2%
Extraordinary income	67,924	-74.0%	261,042	-60.9%	667,460	764	8796.4%
Extraordinary charges	17,485	-88.0%	145,741	-21.7%	186,094	605	2790.1%
Extraordinary profit/loss	50,439	-56.3%	115,301	-76.0%	481,365	0	0%
Net result	7,459,177	97.8%	3,771,328	-29.1%	5,316,049	9,836	75739.3%

Accounts - Active

Normal Account

	30/09/2017	30/09/2016	30/09/2015
Months	12	12	12

Grand Total - Active Accounts (I to VI)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Grand Total (I to VI)	Net	84,010,900	9.3%	76,872,068	-8.3%	83,818,076
Gross	CO	121,127,180	8.1%	112,068,699	-3.7%	116,332,180
Amortisation	1A	37,116,280	5.5%	35,196,631	8.3%	32,514,104

Non declared distributed capital (I)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total Active fixed asset (II)	Net	21,207,546	-4.4%	22,190,835	-6.7%	23,796,110
Gross	BJ	57,972,720	2.2%	56,748,280	1.8%	55,723,131
Amortisation	BK	36,765,174	6.4%	34,557,445	8.2%	31,927,021

Intangible fixed assets

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Start-up cost	Net	0	0%	0	0%	0
Gross	AB	0	0%	0	0%	0
Amortisation	AC	0	0%	0	0%	0
R&D expenses	Net	0	0%	0	0%	0
Gross	CX	0	0%	0	0%	0
Amortisation	CQ	0	0%	0	0%	0
Distributorships, patents	Net	141,175	10.7%	127,579	-71.3%	444,996
Gross	AF	2,360,125	2.7%	2,298,053	0.6%	2,285,377
Amortisation	AG	2,218,949	2.2%	2,170,474	17.9%	1,840,380
Goodwill	Net	10,398,831	0%	10,398,831	0%	10,398,831
Gross	AH	10,398,831	0%	10,398,831	0%	10,398,831
Amortisation	AI	0	0%	0	0%	0
Other intangible fixed assets	Net	0	0%	0	0%	0
Gross	AJ	0	0%	0	0%	0
Amortisation	AK	0	0%	0	0%	0
Pre-payments and downpayments	Net	0	0%	0	0%	0
Gross	AL	0	0%	0	0%	0
Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible asset	Net	10,540,006	0.1%	10,526,410	-2.9%	10,843,827

Tangible fixed assets

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Lands	Net	798,528	-0.6%	803,031	-2.7%	825,310
Gross	AN	879,385	2.2%	860,674	0.1%	860,124
Amortisation	AO	80,858	40.3%	57,644	65.6%	34,814
Buildings	Net	3,307,095	-17.9%	4,026,291	-2.6%	4,132,785
Gross	AP	8,114,802	-4.6%	8,502,070	2.7%	8,277,665
Amortisation	AQ	4,807,707	7.4%	4,475,779	8.0%	4,144,880
Plant	Net	1,134,851	-39.4%	1,872,648	-36.9%	2,968,419
Gross	AR	16,179,914	1.4%	15,958,405	-0.3%	16,007,609
Amortisation	AS	15,045,063	6.8%	14,085,757	8.0%	13,039,190
Other tangible fixed assets	Net	3,702,835	8.2%	3,422,319	1.6%	3,367,159
Gross	AT	18,063,226	6.6%	16,937,904	6.0%	15,982,709
Amortisation	AU	14,360,391	6.3%	13,515,585	7.1%	12,615,549
Fixed assets in construction	Net	222,127	524.6%	35,564	-83.9%	221,133
Gross	AV	222,127	524.6%	35,564	-83.9%	221,133
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	0
Gross	AX	0	0%	0	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	9,165,436	-9.8%	10,159,853	-11.8%	11,514,806

Financial assets

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	1,377,107	0%	1,377,107	0%	1,377,107
Gross	CU	1,485,199	0%	1,485,199	0%	1,485,199
Amortisation	CV	108,091	0%	108,091	0%	108,091
Inter-company receivables	Net	85,416	-2.4%	87,480	0%	0
Gross	BB	229,531	-0.9%	231,595	60.7%	144,115
Amortisation	BC	144,115	0%	144,115	0%	144,115
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	35,714	0%	35,714	-33.3%	53,571
Gross	BF	35,714	0%	35,714	-33.3%	53,571
Amortisation	BG	0	0%	0	0%	0
Other financial assets	Net	3,866	-9.5%	4,271	-37.2%	6,798
Gross	BH	3,866	-9.5%	4,271	-37.2%	6,798
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial assets	Net	1,502,103	-0.2%	1,504,572	4.7%	1,437,476

Current Assets (III)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total Current Assets	Net	62,299,104	14.2%	54,542,946	-7.8%	59,164,646
Gross	CJ	62,650,211	13.5%	55,182,132	-7.6%	59,751,730
Amortisation	CK	351,106	-45.1%	639,186	8.9%	587,084

Stocks

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Raw materials	Net	0	0%	0	0%	0
Gross	BL	0	0%	0	0%	0
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	0	0%	0	0%	0
Gross	BR	0	0%	0	0%	0
Amortisation	BS	0	0%	0	0%	0
Goods for resale	Net	20,689,576	6.9%	19,355,917	-43.7%	34,404,467
Gross	BT	20,974,406	5.3%	19,916,726	-43.0%	34,918,755
Amortisation	BU	284,830	-49.2%	560,809	9.0%	514,288
Sub Total Stocks	Net	20,689,576	6.9%	19,355,917	-43.7%	34,404,467

Advance payments to suppliers

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Advance payments to suppliers	Net	0	0%	0	0%	0
Gross	BV	0	0%	0	0%	0
Amortisation	BW	0	0%	0	0%	0

Debtors

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Trade accounts receivable	Net	19,357,578	0.7%	19,218,424	-6.8%	20,626,953
Gross	BX	19,396,122	0.7%	19,258,169	-6.8%	20,659,616
Amortisation	BY	38,544	-3.0%	39,745	21.7%	32,663
Other debtors	Net	14,629,158	78.2%	8,210,540	126.9%	3,618,957
Gross	BZ	14,656,891	77.7%	8,249,173	125.4%	3,659,090
Amortisation	CA	27,733	-28.2%	38,633	-3.7%	40,133
Capital subscribed and called up	Net	0	0%	0	0%	0
Gross	CB	0	0%	0	0%	0
Amortisation	CC	0	0%	0	0%	0
Sub Total debtors	Net	33,986,736	23.9%	27,428,964	13.1%	24,245,910

Divers

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	7,341,780	-1.8%	7,474,527	2645.8%	272,213
Gross	CF	7,341,780	-1.8%	7,474,527	2645.8%	272,213
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	7,341,780	-1.8%	7,474,527	2645.8%	272,213

Prepaid expenses

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Prepaid expenses	Net	281,011	-0.9%	283,538	17.1%	242,056
Gross	CH	281,011	-0.9%	283,538	17.1%	242,056
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Expenses of loan issue to be spread	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	504,249	264.6%	138,287	-83.9%	857,320
Gross		504,249	264.6%	138,287	-83.9%	857,320

References

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Due within one year	CP	104	-99.9%	106,439	446.9%	19,464
Due after one year	CR	46,196	-3.0%	47,633	21.7%	39,131

Accounts - Passive

Grand Total - Passive Accounts (I to V)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Grand Total (I to V)	EE	84,010,900	9.3%	76,872,068	-8.3%	83,818,076

Shareholder Equity (I)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total shareholders' equity (Total I)	DL	55,341,250	4.6%	52,907,749	2.1%	51,801,397
Equity and shareholders' equity	DA	11,040,000	0%	11,040,000	0%	11,040,000
Issue and merger premiums	DB	0	0%	0	0%	0
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	1,104,000	0%	1,104,000	0%	1,104,000
Statutory or contractual reserve	DE	0	0%	0	0%	0
Special regulated reserves	DF	0	0%	0	0%	0
Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
Other reserves	DG	33,269,678	-3.6%	34,500,850	7.2%	32,184,801
Of which reserve for buying originals works from alive artists	EJ	0	0%	0	0%	0
Profits or losses brought forward	DH	2,156,547	0%	2,156,547	0%	2,156,547
Profit or loss for the period	DI	7,459,177	97.8%	3,771,328	-29.1%	5,316,049
Investment grants	DJ	311,847	-6.9%	335,023	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total other capital resources (Total II)	DO	0	0%	0	0%	0
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total provisions for risks and charges (Total III)	DR	2,443,749	15.4%	2,117,311	-25.2%	2,831,964
Risk provisions	DP	1,036,774	46.9%	705,618	-58.2%	1,686,885
Reserves for charges	DQ	1,406,975	-0.3%	1,411,693	23.3%	1,145,079

Liabilities (IV)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total Liabilities (Total IV)	EC	26,069,620	20.3%	21,676,069	-25.7%	29,165,121
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	6,083,022	-13.1%	7,000,000	141.6%	2,897,327
Sundry loans and financial liabilities	DV	1,636,332	-31.3%	2,381,881	-50.5%	4,807,522
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	0	0%	0	0%	0
Trade accounts payables	DX	14,219,095	50.2%	9,469,260	-33.0%	14,140,496
Tax and social security liabilities	DY	3,609,043	35.2%	2,669,315	-57.6%	6,296,077
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	522,128	235.5%	155,612	-84.8%	1,023,699

Translation loss (V)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Translation loss (Total V)	ED	156,281	-8.6%	170,939	772.4%	19,593

Equalization accounts

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Deferred income	EB	0	0%	0	0%	0

References

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	21,061,680	35.1%	15,593,047	-46.5%	29,165,121
Of which current bank facilities	EH	0	0%	0	0%	2,897,327

Result account

1 - Operating result (I-II)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Operating result (Total I-II)	GG	11,445,924	138.5%	4,798,989	-41.7%	8,225,482

2 - Financial result (V-VI)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Financial result (Total V-VI)	GV	-144,342	-125.1%	574,442	200.5%	-571,395

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

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	11,301,582	110.3%	5,373,432	-29.8%	7,654,086

4 - Extraordinary result (VII-VIII)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Extraordinary result (Total VII-VIII)	HI	50,439	-56.3%	115,301	-76.0%	481,365

Profit or loss

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Profit or loss	HN	7,459,177	97.8%	3,771,328	-29.1%	5,316,049

Total Income (I+III+V+VII)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total Income (Total I+III+V+VII)	HL	100,347,539	0.6%	99,784,040	-0.9%	100,643,771

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

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total Charges (Total II+IV+VI+VIII+IX+X)	HM	92,888,361	-3.3%	96,012,712	0.7%	95,327,722

Operating income (I)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total operating income (Total I)	FR	99,241,673	0.8%	98,441,718	-1.2%	99,626,921

Operating income (details)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Sale of goods for resale	FC	97,487,078	0.4%	97,082,463	1.2%	95,885,820
France	FA	10,910,316	-0.9%	11,014,451	12.4%	9,795,012
Export	FB	86,576,763	0.6%	86,068,012	0.0%	86,090,808
Sale of goods produced	FF	0	0%	0	0%	2,307,430
France	FD	0	0%	0	0%	1,575,235
Export	FE	0	0%	0	0%	732,195
Sale of services	FI	605,969	48.3%	408,644	-2.3%	418,078
France	FG	408,629	27.9%	319,370	10.3%	289,422
Export	FH	197,340	121.0%	89,274	-30.6%	128,656
Net turnover	FL	98,093,047	0.6%	97,491,107	-1.1%	98,611,328
France	FJ	11,318,944	-0.1%	11,333,821	-2.8%	11,659,670
Export	FK	86,774,103	0.7%	86,157,286	-0.9%	86,951,658
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	29,566	27.1%	23,271	-22.3%	29,950
Release of reserves and provisions	FP	1,118,031	20.6%	927,262	-5.8%	984,807
Other income	FQ	1,028	1201.3%	79	-90.6%	836

Operating charges (II)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total operating charges (Total II)	GF	87,795,749	-6.2%	93,642,729	2.5%	91,401,440

Exploitation charges

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Purchase of goods for resale	FS	4,320,031	32.9%	3,250,874	16.9%	2,779,794
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	45,188,478	22.6%	36,855,291	-35.8%	57,425,959
Change in stocks of raw materials	FV	-1,057,680	-107.1%	15,002,029	211.4%	-13,465,605
Other external purchases and charges	FW	24,285,668	8.4%	22,394,235	-18.5%	27,464,915
Tax, duty and similar payments	FX	1,169,334	10.7%	1,056,041	-12.4%	1,205,113
Payroll	FY	7,698,938	-2.4%	7,886,575	-3.9%	8,209,355
Social security costs	FZ	3,432,869	0.5%	3,414,406	-7.9%	3,707,883

Depreciation

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Depreciation of fixed assets	GA	2,245,989	-23.5%	2,934,780	-8.7%	3,213,855
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	284,830	-49.9%	568,729	10.0%	516,932
Provisions for risks and charges	GD	215,193	-19.3%	266,614	-20.5%	335,457

Other charges

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Other charges	GE	12,099	-8.0%	13,155	69.1%	7,781

Operating charges (III-IV)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total financial income (Total V)	GP	1,037,942	-4.0%	1,081,280	209.5%	349,390
Share financial income	GJ	758,512	748.7%	89,374	3739.1%	2,328
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	141,144	4.9%	134,586	-32.8%	200,268
Released provisions and transferred charges	GM	138,287	-83.9%	857,320	484.0%	146,794
Exchange gains	GN	0	0%	0	0%	0
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial charge (VI)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total financial charge (Total VI)	GU	1,182,284	133.3%	506,838	-45.0%	920,785
Financial reserves and provisions	GQ	504,249	264.6%	138,287	-83.9%	857,320
Interest and similar charges	GR	678,035	84.0%	368,551	480.7%	63,465
Exchange losses	GS	0	0%	0	0%	0
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total extraordinary income (Total VII)	HD	67,924	-74.0%	261,042	-60.9%	667,460
Extraordinary operating income	HA	13,952	-94.3%	242,937	30.9%	185,658
Extraordinary income from capital transactions	HB	43,072	159.4%	16,605	217.4%	5,232
Released provisions and transferred charges	HC	10,900	626.7%	1,500	-99.7%	476,570

Extraordinary charges (VIII)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total extraordinary charges (Total VIII)	HH	17,485	-88.0%	145,741	-21.7%	186,094
Extraordinary operating charges	HE	17,485	-67.0%	52,993	-63.5%	145,049
Extraordinary charges from capital transactions	HF	0	0%	92,748	126.0%	41,045
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Employee profit sharing (Total IX)	HJ	642,932	346.1%	144,121	-68.3%	454,902

Tax on profits (X)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Tax on profits (Total X)	HK	3,249,912	106.6%	1,573,283	-33.5%	2,364,501

References

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Of which equipment leases	HP	12,088	-24.8%	16,075	-36.8%	25,432
Of which property leases	HQ	2,000	-64.6%	5,654	-66.3%	16,796
Of which transferred charges	A1	301,304	101.0%	149,902	-45.8%	276,319
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	12,014	-5.2%	12,678	71.3%	7,402

Other incomes tax return forms

Fixed Assets

Grand Total Fixed Assets (I to IV)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Gross value at begin of period	OG	0	0%	0	0%	0
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreasess by budget item transfer	OK1	0	0%	0	0%	0
Decreasess by transfers	OK2	55,535	-95.7%	1,302,787	-44.4%	2,341,636
Gross value at the end of period	OL	57,972,720	4.2%	55,640,401	-0.1%	55,723,131

Research and development Charge (Total I)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Gross value at begin of period	CZ	0	0%	0	0%	0
Increasess due to revaluation	KB	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreasess by budget item transfer	CO1	0	0%	0	0%	0
Decreasess by transfers	CO2	0	0%	0	0%	0
Gross value at the end of period	DO	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Gross value at begin of period	KD	12,696,884	0.1%	12,684,203	-3.2%	13,097,129
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	62,072	389.7%	12,676	-68.9%	40,716
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	0	0%	0	0%	453,637
Gross value at the end of period	LW	12,758,956	0.5%	12,696,879	0.1%	12,684,208

Tangible fixed assets (Total III)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Gross value at begin of period	LN	42,294,616	4.8%	40,349,239	-0.6%	40,584,463
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	1,217,903	-42.5%	2,119,907	-18.3%	2,596,105
Decreasess by budget item transfer	NG1	0	0%	0	0%	0
Decreasess by transfers	NG2	53,066	-95.9%	1,284,929	-29.8%	1,831,328
Gross value at the end of period	NH	43,459,453	5.5%	41,184,217	-0.4%	41,349,240

Financial assets (Total IV)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Gross value at begin of period	LQ	1,756,779	4.0%	1,689,683	-3.2%	1,746,354
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	0	0%	87,480	0%	0
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	2,469	-86.2%	17,857	-68.5%	56,671
Gross value at the end of period	NK	1,754,310	-0.3%	1,759,306	4.1%	1,689,683

Reserve for depreciation

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

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Reserve for depreciation value at begin of period	ON	0	0%	0	0%	0
Increases	OP	0	0%	0	0%	0
Decreasess	OQ	0	0%	0	0%	0
Reserve for depreciation value at the end of period	OR	0	0%	0	0%	0

Research and development charge (Total I)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases	PB	0	0%	0	0%	0
Decreasess	PC	0	0%	0	0%	0
Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Reserve for depreciation value at begin of period	PE	2,170,474	17.9%	1,840,380	7.8%	1,707,375
Increases	PF	48,475	-85.3%	330,094	-43.7%	586,643
Decreasess	PG	0	0%	0	0%	453,637
Decreasess by budget item transfer	PH	2,218,949	2.2%	2,170,474	17.9%	1,840,380

Total fixed assets amotisation (Total III)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Reserve for depreciation value at begin of period	QU	32,134,765	7.7%	29,834,433	3.5%	28,830,437
Increases	QV	2,197,513	-15.6%	2,604,684	-0.9%	2,627,212
Decreases	QW	38,261	-87.4%	304,356	-81.2%	1,623,216
Decreasess by budget item transfer	QX	34,294,017	6.7%	32,134,761	7.7%	29,834,433

Movements during period affecting charge allocated over several period

Deferred charges and debt issuance costs

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Gross value at begin of period	Z91	0	0%	0	0%	0
Increases	Z92	0	0%	0	0%	0
Depreciation of fixed assets during period	Z9	0	0%	0	0%	0
Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Net value at begin of period	SP1	0	0%	0	0%	0
Increases	SP2	0	0%	0	0%	0
Depreciation of fixed assets during period	SP	0	0%	0	0%	0
Net value at the end of period	SR	0	0%	0	0%	0

Provisions included in balance sheet

Grand Total (I-II-III)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Value at begining of period	7C	3,008,706	-18.0%	3,671,255	11.5%	3,293,399
Increases	UB	1,004,272	3.0%	975,130	-43.0%	1,709,709
Decreases	UC	965,915	-40.9%	1,634,680	-19.9%	2,039,783
Value at the end of period	UD	3,047,063	1.2%	3,011,705	1.6%	2,963,325

Includes Total allocations

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Operating	UE	1,004,272	3.0%	975,129	-43.0%	1,709,709
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Operating	UF	965,915	-40.9%	1,634,680	-19.9%	2,039,783
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Value at begining of period	3Z	0	0%	0	0%	0
Increases	TS	0	0%	0	0%	0
Decreases	TT	0	0%	0	0%	0
Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Value at begining of period	5Z	2,117,312	-25.2%	2,831,965	44.0%	1,965,982
Increases	TV	719,442	77.7%	404,901	-66.1%	1,192,777
Decreases	TW	393,005	-64.9%	1,119,554	242.6%	326,794
Value at the end of period	TX	2,443,749	15.4%	2,117,312	-25.2%	2,831,965

Total Provision for depreciation (Total III)

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Value at begining of period	7B	891,394	6.2%	839,290	-36.8%	1,327,417
Increases	TY	284,830	-50.0%	570,229	10.3%	516,932
Decreases	TZ	572,910	11.2%	515,126	-69.9%	1,712,989
Value at the end of period	UA	603,314	-32.5%	894,393	580.9%	131,360

State deadlines claims and debts at the end of period

State claims

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Gross value	VT	34,603,134	23.3%	28,065,459	13.3%	24,765,246
1 year at most	VU	34,392,203	23.5%	27,850,684	13.5%	24,541,095
More than one year	VV	210,931	-1.8%	214,775	-4.2%	224,151

State of loans

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Claims related to holdings (gross)	UL	229,531	-0.9%	231,595	60.7%	144,115
Claims related to shareholdings (1 year at most)	UM	85,416	-2.4%	87,480	0%	0
Loans (gross)	UP	35,714	-5.3%	37,715	-29.6%	53,571
Loans (1 year at most)	UR	18,959	0%	18,959	-2.6%	19,464
Other financial assets (gross)	UT	3,866	-9.5%	4,271	-37.2%	6,798
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Customers doubtful or disputed	VA	46,196	-3.0%	47,633	21.7%	39,131
Other claims customer	UX	19,349,926	0.7%	19,210,536	-6.8%	20,620,485
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	700	-95.8%	16,846	81.1%	9,300
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	1,041,169	18.2%	880,638	-21.2%	1,117,101
Other taxes and payments assimilated	VN	211,171	-52.6%	445,047	118.0%	204,170
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	13,126,527	96.8%	6,670,988	258.0%	1,863,202
Accounts receivable (including claims relating to the operation of pension titles)	VR	277,324	17.2%	236,652	-49.1%	465,317

Prepaid

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Prepaid	VS	281,011	-0.9%	283,538	17.1%	242,056

State Debt

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Total debt (gross)	VY	26,069,620	20.4%	21,656,088	-25.7%	29,165,121
1 year at most	VZ2	21,061,680	35.2%	15,573,066	-46.6%	29,165,121
More than 1 year and 5 years at most	VZ3	4,397,813	-19.6%	5,472,890	0%	0
More than 5 years	VZ4	610,127	0.0%	610,132	0%	0

Details

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most	7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most	7Y3	0	0%	0	0%	0
Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most	7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most	7Z3	0	0%	0	0%	0
Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	2,897,327
1 year at most	VG2	0	0%	0	0%	2,897,327
More than 1 year and 5 years at most	VG3	0	0%	0	0%	0
Borrowing & debts to more than 1 year at the origin (gross)	VH1	6,083,022	-13.1%	7,000,000	0%	0
1 year at most	VH2	1,075,082	17.2%	916,978	0%	0
More than 1 year and 5 years at most	VH3	4,397,813	-19.6%	5,472,890	0%	0
Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most	8A2	0	0%	0	0%	0
More than 1 year and 5 years at most	8A3	0	0%	0	0%	0
Suppliers and associated accounts (gross)	8B1	14,219,095	50.2%	9,469,260	-33.0%	14,140,496
1 year at most	8B2	14,219,095	50.2%	9,469,260	-33.0%	14,140,496
More than 1 year and 5 years at most	8B3	14,219,095	50.2%	9,469,260	-33.0%	14,140,496
Personnel and associated accounts (gross)	8C1	1,762,525	47.1%	1,198,287	-17.0%	1,444,102
1 year at most	8C2	1,762,525	47.1%	1,198,287	-17.0%	1,444,102
More than 1 year and 5 years at most	8C3	0	0%	0	0%	0
Social Security and other social organizations (gross)	8D1	1,159,617	13.4%	1,022,595	-18.9%	1,261,634
1 year at most	8D2	1,159,617	13.4%	1,022,595	-18.9%	1,261,634
More than 1 year and 5 years at most	8D3	0	0%	0	0%	0
Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most	8E2	0	0%	0	0%	0
More than 1 year and 5 years at most	8E3	0	0%	0	0%	0
VAT (Gross)	VW1	10,789	7.1%	10,073	-34.7%	15,431
1 year at most	VW2	10,789	7.1%	10,073	-34.7%	15,431
More than 1 year and 5 years at most	VW3	0	0%	0	0%	0
Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most	VX2	0	0%	0	0%	0
More than 1 year and 5 years at most	VX3	0	0%	0	0%	0
Other taxes and assimilated (gross)	VQ1	676,112	54.2%	438,380	-87.7%	3,574,910
1 year at most	VQ2	676,112	54.2%	438,380	-87.7%	3,574,910
More than 1 year and 5 years at most	VQ3	0	0%	0	0%	0
Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most	8J2	0	0%	0	0%	0
More than 1 year and 5 years at most	8J3	0	0%	0	0%	0
More than 5 years	8J4	0	0%	0	0%	0
Groups and associates (gross)	VI1	1,636,332	-30.7%	2,361,881	-50.9%	4,807,522
1 year at most	VI2	1,636,332	-30.7%	2,361,881	-50.9%	4,807,522
More than 1 year and 5 years at most	VI3	0	0%	0	0%	0
More than 5 years	V14	0	0%	0	0%	0
Other liabilities (gross)	8K1	522,128	235.5%	155,612	-84.8%	1,023,699
1 year at most	8K2	522,128	235.5%	155,612	-84.8%	1,023,699
More than 1 year and 5 years at most	8K3	0	0%	0	0%	0
Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most	SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most	SZ3	0	0%	0	0%	0
Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most	8L2	0	0%	0	0%	0
More than 1 year and 5 years at most	8L3	0	0%	0	0%	0

References

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information

Dividends distributed

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Dividends	ZE	0	0%	0	0%	0

Commitments

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Average number of employees	YP	171	0%	0	0%	184

Groups and Shareholders

		30/09/2017	Variation	30/09/2016	Variation	30/09/2015
Groups and Shareholders	ZR	0	-	-	-	-

Ratios

Synthetic financial performance indicators

30/09/2017

30/09/2016

30/09/2015

Score

Situation

Score

Situation

Score

Situation

HideAFDCC 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.

HideConan & Holder

0.25

0.21

0.20

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.

HideAltman

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

	30/09/2017	Variation	30/09/2016	Variation	30/09/2015	SECTOR MEDIAN 2017
Fixed Asset Financing	1.76	1.1%	1.74	6.1%	1.64	1.35	30.4%
Global Debt	96 days	20.0%	80 days	-24.5%	106 days	141 days	-31.9%
Working Capital Fund overall net	163 days	4.5%	156 days	20.0%	130 days	66 days	147.0%
Financial independence	716.92 %	27.1%	563.94 %	-16.1%	672.32 %	101.00 %	609.8%
Solvability	65.87 %	-4.3%	68.83 %	11.4%	61.80 %	32.13 %	105.0%
Capacity debt futures	5,147.63 %	-10.8%	5,769.79 %	222.7%	1,787.90 %	564.52 %	811.9%
Coverage of current assets by net working capital overall	71.02 %	-7.6%	76.90 %	28.4%	59.90 %	49.65 %	43.0%
General Liquidity	1.63	-8.9%	1.79	113.1%	0.84	0.58	181.0%
Restricted Liquidity	1.98	-12.8%	2.27	167.1%	0.85	0.78	153.8%

Management or rotation

	30/09/2017	Variation	30/09/2016	Variation	30/09/2015	SECTOR MEDIAN 2017
Need background in operating working capital	82 days	-16.3%	98 days	-22.2%	126 days	20 days	310.0%
Treasury	27 days	-3.6%	28 days	380.0%	-10 days	13 days	107.7%
Inventory turnover of goods	1,748 days	-20.8%	2,206 days	-51.2%	4,522 days	28 days	6142.9%
Average length of credit granted to customers	71 days	0%	71 days	-5.3%	75 days	37 days	91.9%
Average length of credit obtained suppliers	70 days	59.1%	44 days	-36.2%	69 days	52 days	34.6%
Inventory turnover of raw materials in industrial enterprises	0 days	0%	0 days	0%	0 days	47 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	-	-	-	-	238 days	231 days	-
Rotation tangible assets	225.71 %	-4.7%	236.72 %	-0.7%	238.48 %	246.00 %	-8.2%

Profitability of the business

	30/09/2017	Variation	30/09/2016	Variation	30/09/2015	SECTOR MEDIAN 2017
Margin trading	94.98 %	-1.3%	96.25 %	1.9%	94.42 %	0.40 %	23645.0%
Profitability of the business	13.34 %	69.9%	7.85 %	-31.6%	11.47 %	5.46 %	144.3%
Net profit	7.60 %	96.4%	3.87 %	-28.2%	5.39 %	2.75 %	176.4%
Growth rate of turnover (excluding VAT)	0.62 %	154.4%	-1.14 %	-118.0%	6.32 %	3.07 %	-79.8%
Rates integration	25.85 %	26.1%	20.50 %	-17.2%	24.75 %	29.72 %	-13.0%
Rate leasing furniture	0.01 %	-50.0%	0.02 %	-33.3%	0.03 %	0.00 %	0%
Work Factor	43.90 %	-22.4%	56.54 %	15.8%	48.83 %	65.26 %	-32.7%
Weight interests	1.21 %	132.7%	0.52 %	-44.1%	0.93 %	0.26 %	365.4%

Return on capital

	30/09/2017	Variation	30/09/2016	Variation	30/09/2015	SECTOR MEDIAN 2017
Cash flow from the overall profitability	9.38 %	73.1%	5.42 %	-27.6%	7.49 %	5.56 %	68.7%
Rates of economic profitability	21.00 %	75.0%	12.00 %	-36.8%	19.00 %	11.64 %	80.4%
Financial profitability	55,341,250.00 %	4.6%	52,907,749.00 %	2.1%	51,801,397.00 %	64,311.50 %	85951.9%
Return on investment	13.70 %	99.4%	6.87 %	-34.4%	10.48 %	7.41 %	84.9%

Management intermediate balances

30/09/2017

Variation

30/09/2016

Variation

30/09/2015

SECTOR MEDIAN 2017

Turnover

98,093,047

0.6%

97,491,107

-1.1%

98,611,328

459,207

21261.4%

30/09/2017

Variation

30/09/2016

Variation

30/09/2015

SECTOR MEDIAN 2017

Sales of goods

97,487,078

0.4%

97,082,463

1.2%

95,885,820

- Purchase of goods

4,320,031

32.9%

3,250,874

16.9%

2,779,794

+/- Stock of goods variation

Trading margin

93,167,047 €

-0.7%

93,831,589 €

0.8%

93,106,026 €

715 €

13039374.7%

94.98 % CA

-1.3%

96.25 % CA

1.9%

94.42 % CA

1.26 % CA

7438.1%

30/09/2017

Variation

30/09/2016

Variation

30/09/2015

SECTOR MEDIAN 2017

Sale of goods produced

605,969

48.3%

408,644

-85.0%

2,725,508

+/- Stocked production

+ Self-constructed assets

Period production

605,969 €

48.3%

408,644 €

-85.0%

2,725,508 €

245,979 €

146.3%

0.62 % CA

47.6%

0.42 % CA

-84.8%

2.76 % CA

99.24 % CA

-99.4%

30/09/2017

Variation

30/09/2016

Variation

30/09/2015

SECTOR MEDIAN 2017

Trading margin

93,167,047

-0.7%

93,831,589

0.8%

93,106,026

715

13039374.7%

+ Period Production

605,969

48.3%

408,644

-85.0%

2,725,508

245,979

146.3%

- Purchase of raw materials

45,188,478

22.6%

36,855,291

-35.8%

57,425,959

+/- Change in stocks of raw materiels

-1,057,680

-107.1%

15,002,029

211.4%

-13,465,605

- Other external purchases and charges

24,285,668

8.4%

22,394,235

-18.5%

27,464,915

Added value

25,356,550 €

26.9%

19,988,678 €

-18.1%

24,406,265 €

164,115 €

15350.5%

25.85 % CA

26.1%

20.50 % CA

-17.2%

24.75 % CA

29.72 % CA

-13.0%

30/09/2017

Variation

30/09/2016

Variation

30/09/2015

SECTOR MEDIAN 2017

Added value

25,356,550 €

26.9%

19,988,678 €

-18.1%

24,406,265 €

164,115 €

15350.5%

+ Operating grants

29,566

27.1%

23,271

-22.3%

29,950

- Tax, duty and similar payments

1,169,334

10.7%

1,056,041

-12.4%

1,205,113

- Personal charges

11,131,807

-1.5%

11,300,981

-5.2%

11,917,238

Gross operating surplus

13,084,975 €

70.9%

7,654,927 €

-32.3%

11,313,864 €

26,922 €

48504.2%

13.34 % CA

69.9%

7.85 % CA

-31.6%

11.47 % CA

5.46 % CA

144.3%

30/09/2017

Variation

30/09/2016

Variation

30/09/2015

SECTOR MEDIAN 2017

Gross operating surplus

13,084,975 €

70.9%

7,654,927 €

-32.3%

11,313,864 €

26,922 €

48504.2%

+ Release of reserves and provisions

1,118,031

20.6%

927,262

-5.8%

984,807

+ Other operating income

1,028

1201.3%

-90.6%

836

- Depreciation/ Amortisation

2,746,012

-27.2%

3,770,123

-7.3%

4,066,244

- Other charges

12,099

-8.0%

13,155

69.1%

7,781

Operating result

11,445,923 €

138.5%

4,798,990 €

-41.7%

8,225,482 €

13,015 €

87844.1%

11.67 % CA

137.2%

4.92 % CA

-41.0%

8.34 % CA

3.42 % CA

241.2%

30/09/2017

Variation

30/09/2016

Variation

30/09/2015

SECTOR MEDIAN 2017

Operating result

11,445,923 €

138.5%

4,798,990 €

-41.7%

8,225,482 €

13,015 €

87844.1%

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

+ Financial income

1,037,942

-4.0%

1,081,280

209.5%

349,390

- Financial charges

1,182,284

133.3%

506,838

-45.0%

920,785

Pre-tax result

11,301,581 €

110.3%

5,373,432 €

-29.8%

7,654,087 €

9,173 €

123111.6%

11.52 % CA

109.1%

5.51 % CA

-29.0%

7.76 % CA

2.46 % CA

368.3%

30/09/2017

Variation

30/09/2016

Variation

30/09/2015

SECTOR MEDIAN 2017

Extraordinary income

67,924

-74.0%

261,042

-60.9%

667,460

764

8796.4%

- Extraordinary charges

17,485

-88.0%

145,741

-21.7%

186,094

Extraordinary result

50,439 €

-56.3%

115,301 €

-76.0%

481,366 €

0 €

0.05 % CA

-58.3%

0.12 % CA

-75.5%

0.49 % CA

0.00 % CA

	30/09/2017	Variation	30/09/2016	Variation	30/09/2015	SECTOR MEDIAN 2017
Pre-tax result	11,301,581 €	110.3%	5,373,432 €	-29.8%	7,654,087 €	9,173 €	123111.6%
Extraordinary result	50,439 €	-56.3%	115,301 €	-76.0%	481,366 €	0 €	0%
- Employee profit sharing	642,932	346.1%	144,121	-68.3%	454,902		-
- Tax on profits	3,249,912	106.6%	1,573,283	-33.5%	2,364,501		-
Net result	7,459,176 €	97.8%	3,771,329 €	-29.1%	5,316,050 €	11,206 €	66464.1%
	7.60 % CA	96.4%	3.87 % CA	-28.2%	5.39 % CA	2.75 % CA	176.4%

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 1089Z - Manufacture of other food products n.e.c.

Graphical analysis

	30/09/2017	30/09/2016	30/09/2015
Company Result	98,093,047 €	97,491,107 €	98,611,328 €
Sector Average	6,521,796 €	16,060,826 €	16,278,984 €

	30/09/2017	30/09/2016	30/09/2015
Company Result	7,459,177 €	3,771,328 €	5,316,049 €
Sector Average	206,663 €	329,621 €	129,881 €

	30/09/2017	30/09/2016	30/09/2015
Company Result	86,774,103 €	86,157,286 €	86,951,658 €
Sector Average	1,799,067 €	1,645,402 €	1,751,408 €

	30/09/2017	30/09/2016	30/09/2015
Company Result	84,010,900 €	76,872,068 €	83,818,076 €
Sector Average	4,562,153 €	8,736,328 €	8,979,885 €

	30/09/2017	30/09/2016	30/09/2015
Company Result	55,341,250 €	52,907,749 €	51,801,397 €
Sector Average	2,274,135 €	5,030,438 €	4,896,255 €

	30/09/2017	30/09/2016	30/09/2015
Company Result	26,069,620 €	21,676,069 €	29,165,121 €
Sector Average	2,176,833 €	3,575,900 €	3,914,868 €

	30/09/2017	30/09/2016	30/09/2015
Company Result	82 €	98 €	126 €
Sector Average	54 €	-123 €	-49 €

	30/09/2017	30/09/2016	30/09/2015
Company Result	13,084,975 €	7,654,927 €	11,313,864 €
Sector Average	366,597 €	681,503 €	613,087 €

$Description: \\vivek-pc\E\2\NEXIRA_files\PdfDelayPixel$

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.77
UK Pound	1	INR 89.95
Euro	1	INR 78.85
Euro	1	INR 79.18

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

INFORMATION DETAILS

Analysis Done by :	PRI

Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

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

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

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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

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

MIRA INFORM REPORT

Company summary

Key Financials

Establishment Details

Recent publications in Gazettes

Company events history

Establishment events history

Synthesized Accounts

Ratios

Key Performance Indicators

Unit