MIRA INFORM REPORT

Report No. :	511047
Report Date :	25.05.2018

IDENTIFICATION DETAILS

Name :	EMCI

Registered Office :	Emci Zone Industrielle Du Chemin Vert 8 Route De Saint Hubert 78610 Le Perray En Yvelines

Country :	France

Financials (as on) :	31.12.2016

Date of Incorporation :	January 1965

Com. Reg. No.:	RCS Versailles B 709 802 375

Legal Form :	Simplified joint stock company

Line of Business :	Manufacture of machinery for mining or construction

No. of Employees :	20 to 49

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate 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

(30.09.2017)

Current Rating

(31.12.2017)

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 summery

SIRET	709 802 375 00051
Name	EMCI
Acronym	-
Trade name	-
Status	Economically active
Postal Address	EMCI ZONE INDUSTRIELLE DU CHEMIN VERT 8 ROUTE DE SAINT HUBERT 78610 LE PERRAY EN YVELINES FRANCE
Share Capital	1,000,000 Euros
Telephone	01 34 57 86 90
Activity (APE)	Manufacture of machinery for mining or construction (2892Z)	RCS Registration	RCS Versailles B 709 802 375
Formation Date	01/1965	EUR VAT Number	FR87709802375
Deregistration Date	-	Last account Date	31/12/2016
Court Registry Number	19 7 0B00237	Incorporiation Date	04/1970
Registration Court	Versailles (78)	Fax	-
Nationality	France	Legal form	Simplified joint stock company
		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	5,827,086 €	7.88% Turnover	3,786,289 €	335,034 €	20 to 49 employees
31/12/2015	7,865,598 €	8.22% Turnover	3,572,205 €	491,081 €	28 employees
31/12/2014	7,240,940 €	8.81% Turnover	3,212,324 €	395,619 €	29 employees

Directors

Current Directors

Judgment and Preferential

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

Establishment Details

Type of Establishment	Head Office	Production Role	-
APE/NAF Code	2892Z	Activity	Manufacture of machinery for mining or construction
Formation Date	11/2008	Reason for Formation	Formation
Closure Date	-	Reason for Closure	-
Reactivation Date	-	Seasonality	-
Activity Nature	-	Activity Location	-
Trading Address	8 ROUTE DE SAINT HUBERT 78610 LE PERRAY EN YVELINES	Department	Yvelines (78)
Location Surface	-	District	2
City	LE PERRAY EN YVELINES	Status	Economically active
Business Pages FT®	MATERIEL ET FOURNITURES POUR FORAGES, SONDAGES	Region	Ile-de-France
		Area	14
		Size of Urban Area	-

Other Establishment(s)

Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce in same area
Mono-activity status	Legal unit having all establishments with the same main activity
Branches	3 branch entities in this company

Company Name	Company Type	APE/NAF Code	Activity	City	Post Code
EMCI	Head Office	2892Z	Manufacture of machinery for mining or construction	LE PERRAY EN YVELINES	78610
EMCI	Branch	2892Z	Manufacture of machinery for mining or construction	MIRIBEL	01700
EMCI	Branch	2892Z	Manufacture of machinery for mining or construction	TRAPPES	78190
EMCI	Branch	2892Z	Manufacture of machinery for mining or construction	COLOMIERS	31770
EMCI	Branch	2892Z	Manufacture of machinery for mining or construction	SAINT LAURENT DE MURE	69720

Workforces

Workforce at address	20 to 49 employees	Company workforce	20 to 49 employees
		Workforce account	Workforce unknown
		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 shareholder's equity is more than 250,000€
	The company is 53 years old
	The tangible fixed assets are 763,811 €
	The pre-tax profit is more than 25,000€
	The ratio total assets to total liabilities is 3.42
	The return on total assets employed is positive
	The sales to current assets ratio is 1.28
	The debtor days are 166.36

Industry comparison

Activity (APE)

Manufacture of machinery for mining or construction (2892Z)

Collective procedures

No judgment information for the company

Preferential rights details and history

Summary of preferential rights

Company monitored since	22/02/2017
Status of Monitoring	No social security and tax office preferential right to date

Group Data

No group information available for the company

Linkages

No Linkages information available for the company.

Director(s)

Name	M. PIACENZA WILLY
Manager position	President	Date of birth	22/08/1970
Place of birth	VERSAILLES
Type	Individual	Name at birth

Statutory Auditor

Name	CABINET JEAN DUPAIN ET ASSOCIES
Name of representative
Manager position	Deputy auditor		Date of birth		-
Place of birth
Type	Moral person		Name at birth

Name	M. PRIEUR FRANCIS
Manager position	Statutory auditor	Date of birth		-
Place of birth
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	MME. PIACENZA PAULETTE	05/04/1941 - VILLEPREUX
Chairman of the Board	PIACENZA	05/04/1941 - VILLEPREUX
Chairman of the Board	PIACENZA	VILLEPREUX
Chairman of the Board	M. PIACENZA WILLY	22/08/1970 - VERSAILLES
Chairman of the Board	M. PIACENZA WILLY	22/08/1970 - VERSAILLES
Managing director	M. LOYEN JEAN FRANCOIS	07/10/1951 - CLAYES SOUS BOIS
Managing director	LOYEN JEAN FRANCOIS	07/10/1951 - CLAYES SOUS BOIS
Managing director	LOYEN JEAN FRANCOIS	CLAYES SOUS BOIS
Managing director	M. LOYEN JEAN	-
Managing director	M. LOYEN JEAN FRANCOIS	07/10/1951 - LES CLAYES SOUS BOIS
Administrator	M. LOYEN JEAN FRANCOIS	07/10/1951 - CLAYES SOUS BOIS
Administrator	LOYEN JEAN FRANCOIS	07/10/1951 - CLAYES SOUS BOIS
Administrator	LOYEN JEAN FRANCOIS	CLAYES SOUS BOIS
Administrator	M. LOYEN JEAN	-
Administrator	ODEX	22/08/1970 - VERSAILLES
Administrator	PIACENZA	05/04/1941 - VILLEPREUX
Administrator	PIACENZA	05/04/1941 - VILLEPREUX
Administrator	MME. PIACENZA ISABELLE	22/12/1963 - SAINT CYR L'ECOLE
Administrator	MME. PIACENZA ISABELLE	22/12/1963 - SAINT CYR L'ECOLE
Administrator	Mme. PIACENZA ISABELLE	22/12/1963 - ST CYR L ECOLE
Administrator	M. PIACENZA WILLY	22/08/1970 - VERSAILLES
Administrator	M. PIACENZA WILLY	22/08/1970 - VERSAILLES
Administrator	M. PIACENZA WILLY	VERSAILLES

Status history

No Status History

Recent publications in Gazettes

	Publication date	Gazette Name	Description
	01/08/2017	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 6264 - 709802375 RCS. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Adresse : 8 route de Saint-Hubert 78610 Le Perray-en-Yvelines. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2016.
	18/07/2016	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 4186 - 709802375 RCS. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Adresse : 8 route de Saint-Hubert 78610 Le Perray-en-Yvelines. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2015.
	24/07/2015	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 5920 - 709802375 RCS. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Adresse : 8 route de Saint-Hubert 78610 Le Perray-en-Yvelines. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2014.
	25/07/2014	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 9811 - 709802375 RCS. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Adresse : 8 route de Saint-Hubert 78610 Le Perray-en-Yvelines. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
	19/09/2013	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 973 - 709 802 375 RCS Versailles. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Administration : Administrateur : PIACENZA NEE GAUTIER PAULETTE modification le 19 Octobre 2010 Commissaire aux comptes titulaire : PRIEUR Francis en fonction le 15 Juillet 1997 Président du conseil d'administration Administrateur : PIACENZA Willy modification le 19 Octobre 2010 Commissaire aux comptes suppléant : CABINET JEAN DUPAIN ET ASSOCIES en fonction le 08 Octobre 2009 Administrateur : ODEX représenté par PIACENZA Willy en fonction le 06 Mars 2013. Activité : . Commentaires : Modification de représentant.
	02/08/2013	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 9859 - 709802375 RCS. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Adresse : 8 route de Saint-Hubert 78610 Le Perray-en-Yvelines. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
	31/07/2013	JAL	Resignation / Revocation of the social representative
Courrier des Yvelines (Le) Date de décision : 31/07/2013 La société 709802375 - EMCI, 8 RTE DE SAINT HUBERT, ZONE INDUSTRIELLE DU CHEMIN VERT, 78610 LE PERRAY EN YVELINES Fait l'objet du départ de Monsieur Jean-François LOYEN, De Monsieur Jean-François LOYEN
	15/03/2013	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1904 - 709 802 375 RCS Versailles. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Administration : Administrateur : PIACENZA NEE GAUTIER PAULETTE modification le 19 Octobre 2010 Commissaire aux comptes titulaire : PRIEUR Francis en fonction le 15 Juillet 1997 Président du conseil d'administration Administrateur : PIACENZA Willy modification le 19 Octobre 2010 Commissaire aux comptes suppléant : CABINET JEAN DUPAIN ET ASSOCIES en fonction le 08 Octobre 2009 Administrateur : ODEX représenté par PIACENZA Willy en fonction le 06 Mars 2013 Directeur général : LOYEN Jean Francois en fonction le 06 Mars 2013. Activité : . Commentaires : Modification de représentant.
	30/01/2013	JAL	Appointment of the social representative
Courrier des Yvelines (Le) Date de décision : 28/11/2012 Société faisant l'objet d'une nomination : 709802375 - EMCI, 8 RTE DE SAINT HUBERT, ZONE INDUSTRIELLE DU CHEMIN VERT, 78610 LE PERRAY EN YVELINES Nominé : Non renseignée ODEX, 78490 GALLUIS En la fonction de : Administrateur
	30/01/2013	JAL	Resignation / Revocation of the social representative
Courrier des Yvelines (Le) Date de décision : 28/11/2012 La société 709802375 - EMCI, 8 RTE DE SAINT HUBERT, ZONE INDUSTRIELLE DU CHEMIN VERT, 78610 LE PERRAY EN YVELINES Fait l'objet du départ de Monsieur Jean-François LOYEN
	21/08/2012	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 7137 - 709802375 RCS. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Adresse : 8 route de Saint-Hubert Zone Industrielle du Chemin Vert 78610 Le Perray-en-Yvelines. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
	22/02/2011	Bodacc A	Création d'établissement
01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 30 - 709 802 375 RCS Versailles. SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme à conseil d'administration. Adresse : 8 route de Saint-hubert, Zone Industrielle du chemin Vert, 78610 Le perray-en-Yvelines. Origine du fonds : Création. Etablissement : Etablissement secondaire. Activité : La fabrication de matériel de sondage, forage, carottage et activités associées ainsi que toutes prestations d'études de maintenance, de réparation et de location relatives au matériel ci-avant, ts travaux d'études de montage,câblage,surmoulage industriels,électricité générale et généralement toutes opérations de quelque nature qu'elles soient se rattachant directement ou indirectement à l'objet. Adresse : quai du Rhône, Zone Industrielle la Bocquette, 1700 Miribel. A dater du : 04/02/2011. Date de commencement de l’activité : 01/09/2010. Descriptif : . Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.
	28/10/2010	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 3263 - 709 802 375 RCS Versailles. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Administration : Administrateur : PIACENZA NEE GAUTIER PAULETTE modification le 19 Octobre 2010 Directeur général et administrateur : LOYEN JEAN FRANCOIS Commissaire aux comptes titulaire : PRIEUR Francis en fonction le 15 Juillet 1997 Président du conseil d'administration et administrateur : PIACENZA Willy modification le 19 Octobre 2010 Commissaire aux comptes suppléant : CABINET JEAN DUPAIN ET ASSOCIES en fonction le 08 Octobre 2009. Commentaires : Modification de représentant.
	04/10/2010	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 9298 - 709802375 RCS. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Adresse : 8 route de Saint-Hubert Zone Industrielle du Chemin Vert 78610 Le Perray-en-Yvelines. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
	29/09/2010	JAL	Resignation / Revocation of the social representative
LE COURRIER DES YVELINES - ST GERMAIN Date de décision : 24/06/2010 La société 709802375 - EMCI, 8 RTE DE SAINT HUBERT, ZONE INDUSTRIELLE DU CHEMIN VERT, 78610 LE PERRAY EN YVELINES Fait l'objet du départ de Madame Paulette PIACENZA
	29/09/2010	JAL	Appointment of the social representative
LE COURRIER DES YVELINES - ST GERMAIN Société faisant l'objet d'une nomination : 709802375 - EMCI, 8 RTE DE SAINT HUBERT, ZONE INDUSTRIELLE DU CHEMIN VERT, 78610 LE PERRAY EN YVELINES Nominé : Monsieur Willy PIACENZA, 34 ROUTE DES HAIZETTES, 78490 GROSROUVRE En la fonction de : Président du Conseil d'Administration
	23/10/2009	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 7796 - 709802375 RCS. SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELETRICTE GENERALE EMCI. Forme : Société anonyme. Adresse : 8 route de Saint-Hubert Zone Industrielle du Chemin Vert 78610 Le Perray-en-Yvelines. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
	18/10/2009	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1028 - 709 802 375 RCS Versailles. SOCIETE D ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE EMCI. Forme : Société anonyme. Administration : Président du conseil d'administration : PIACENZA NEE GAUTIER PAULETTE Directeur général et administrateur : LOYEN JEAN FRANCOIS Commissaire aux comptes titulaire : PRIEUR Francis en fonction le 15 Juillet 1997 Administrateur : PIACENZA Willy en fonction le 26 Juillet 2004 Commissaire aux comptes suppléant : CABINET JEAN DUPAIN ET ASSOCIES en fonction le 08 Octobre 2009. Commentaires : Modification de représentant. Modification du nom, nom d'usage, prénom ou de la dénomination.
	22/03/2009	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2320 - 709 802 375 RCS Versailles. SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELETRICTE GENERALE EMCI. Forme : Société anonyme. Adresse du siège social : 8 route de Saint-Hubert, Zone Industrielle du Chemin Vert 78610 Le Perray-en-Yvelines. Commentaires : Modification de l'adresse du siège.
	12/08/2008	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 5010 - 709802375 RCS. SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELETRICTE GENERALE EMCI. Forme : Société anonyme. Adresse : 34-36 rue Roger Hennequin 78190 Trappes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
	26/10/2007	Bodacc C	Avis de dépôt des comptes
3957 - 709 802 375. RCS Versailles SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELETRICTE GENERALE EMCI. Forme: Société anonyme. Adresse du siège social: 34-36 rue Roger Hennequin Zone Artisanale de Trappes Elancourt , 78190 Trappes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
	30/08/2006	Bodacc C	Avis de dépôt des comptes
2934 - RCS Versailles B 709 802 375. RC 70-B 237. SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELE TRICTE GENERALE EMCI. Forme: S.A. Adresse du siège social: 34-36, rue Roger Hennequin,Z.A. de Trappes Elancourt, 78190 Trappes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
	23/09/2005	Bodacc C	Avis de dépôt des comptes
2834 - RCS Versailles B 709 802 375. RC 70-B 237. SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELE TRICTE GENERALE EMCI. Forme: S.A. Adresse du siège social: 34-36, rue Roger Hennequin,Z.A. de Trappes Elancourt, 78190 Trappes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
	11/08/2004	Bodacc B	Modifications et mutations diverses
RCS Versailles B 709802375 RC 70-B 237 SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE-EMCI. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : nomination d'un administrateur : PIACENZA (Willy).
	21/12/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 709802375 RC 70-B 237 SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE-EMCI. Forme : S.A. Activité : tous travaux d'études, de montage, de cablage, de surmoulages industriels et électricité générale généralement, toutes opérations en quelque nature qu' elles soient se rattachant, directement ou indirectement, à cet objet. Fabrication de matériel de soudage, de forage, de carrotage et activités associées, ainsi que toutes prestations d'études, de maintenance, de réparation et de location relative au matériel ci- avant. Commentaires : modification survenue sur l'activité.
	10/09/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 709802375 RC 70-B 237 SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICTE GENERALE-EMCI. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : administrateur partant : PIACENZA ( Willy). Nomination d'un administrateur : PIACENZA (Isabelle).
	11/01/2001	Bodacc B	Modifications et mutations diverses
RCS Versailles B 709802375 RC 70-B 237 SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICTE GENERALE-E.M.C.I. Forme : S.A. Capital : 160 000 euros. Commentaires : modification survenue sur le capital ( augmentation).
	05/04/1998	Bodacc B	Modifications et mutations diverses
RCS Versailles B 709 802 375 RC 70-B 237 SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICITE GENERALE-E.M.C.I. Forme : S.A. Adresse du siège social : Z.A. de Trappes-Elancourt, 34-36 rue Roger- Hennequin 78190 Trappes. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l' établissement principal Etablissement principal: Adresse : Z.A. de Trappes- Elancourt, 34-36 rue Roger-Hennequin 78190 Trappes.
	02/08/1997	Bodacc B	Modifications et mutations diverses
RCS Versailles B 709 802 375 RC 70-B 237 SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICTE GENERALE-E.M.C.I. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : LAFONTA (Pierre). Nomination du commissaire aux comptes titulaire : PRIEUR (Francis). Commissaire aux comptes suppléant partant : DUCERF ( Dominique). Nomination du commissaire aux comptes suppléant : DUPAIN (Jean).
	03/03/1996	Bodacc B	Modifications et mutations diverses
RCS Versailles B 709 802 375 RC 70-B 237 SOCIETE D'ETUDES DE MONTAGE CABLAGES SURMOULAGES INDUSTRIELS ELECTRICTE GENERALE-E.M.C.I. Forme : S.A. Capital : 1 025 000 F. Commentaires : modification survenue sur le capital.

Company events history

Date	Description
03/11/2017	Updated articles of association
03/11/2017	New legal form – new category
03/11/2017	New company name
03/11/2017	New chairman (CEO, CoB)
03/11/2017	Minutes of general meeting of shareholders
03/11/2017	Capital increase
03/11/2017	Audit or Management Report
01/08/2017	Bodacc C : Deposit accounts notice
17/07/2017	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/06/2017	Update of Company Legal Form
22/02/2017	Collection of preferential rights activated for this company
31/12/2016	New accounts available
18/07/2016	Bodacc C : Deposit accounts notice
02/07/2016	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2015	New accounts available
24/07/2015	Bodacc C : Deposit accounts notice
10/07/2015	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2014	New accounts available
25/07/2014	Bodacc C : Deposit accounts notice
10/07/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2013	New accounts available
19/09/2013	Bodacc B: Various editing or changing
11/09/2013	Changes to the Board of Directors
11/09/2013	Amendment
02/08/2013	Bodacc C : Deposit accounts notice
31/07/2013	Legal Gazette: Resignation / Revocation of the social representative
20/07/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
15/03/2013	Bodacc B: Various editing or changing
06/03/2013	Minutes of general meeting of shareholders
06/03/2013	Changes to the Board of Directors
30/01/2013	Legal Gazette: Resignation / Revocation of the social representative
31/12/2012	New accounts available
01/12/2012	Formation of Establishment
28/11/2012	Legal Gazette: Appointment of the social representative
02/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
13/09/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
21/08/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
05/09/2011	Bodacc C : Deposit accounts notice
31/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
22/02/2011	Bodacc A : Establishment creation
31/12/2010	New accounts available
28/10/2010	Bodacc B: Various editing or changing
19/10/2010	New chairman (CEO, CoB)
19/10/2010	Amendment
19/10/2010	Minutes of Board meeting
04/10/2010	Bodacc C : Deposit accounts notice
29/09/2010	Legal Gazette: Resignation / Revocation of the social representative
01/09/2010	Formation of Establishment
24/06/2010	Legal Gazette: Appointment of the social representative
31/12/2009	New accounts available
23/10/2009	Bodacc C : Deposit accounts notice
18/10/2009	Bodacc B: Various editing or changing
08/10/2009	New auditor
08/10/2009	Changes to the Board of Directors
08/10/2009	Minutes of general meeting of shareholders
22/03/2009	Bodacc B: Various editing or changing
13/03/2009	Amendment
13/03/2009	Correction of a material error
13/03/2009	Minutes of Board meeting
13/03/2009	Private document
13/03/2009	Updated articles of association
13/03/2009	Updated articles of association
13/03/2009	Registered office transferred inside jurisdiction of the Commercial Court
31/12/2008	New accounts available
20/11/2008	Update of Company Head Office Identifier
20/11/2008	Transfer of Establishment
12/08/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
01/08/2007	Minutes of general meeting of shareholders
01/08/2007	Capital reduction
01/08/2007	Minutes of general meeting of shareholders
01/08/2007	Updated articles of association
01/08/2007	Updated articles of association
01/08/2007	Private document
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
26/07/2004	Private document
26/07/2004	Minutes of general meeting of shareholders
26/07/2004	Changes to the Board of Directors
26/07/2004	Appointment/resignation of company officers
31/12/2003	New accounts available
09/12/2003	Minutes of general meeting of shareholders
09/12/2003	Private document
09/12/2003	Updated articles of association
09/12/2003	Change to corporate purpose
29/08/2003	Minutes of general meeting of shareholders
29/08/2003	Appointment/resignation of company officers
29/08/2003	Changes to the Board of Directors
29/08/2003	Private document
27/12/2000	Minutes of general meeting of shareholders
27/12/2000	Conversion of equity to euro
27/12/2000	Capital increase
27/12/2000	Updated articles of association
27/12/2000	Private document
24/03/1998	Minutes of Board meeting
24/03/1998	Private document
24/03/1998	Registered office transferred inside jurisdiction of the Commercial Court
24/03/1998	Amendment
24/03/1998	Updated articles of association
15/07/1997	Appointment/resignation of company officers
15/07/1997	Minutes of general meeting of shareholders
15/07/1997	New auditor
15/07/1997	Private document
15/02/1996	Minutes of general meeting of shareholders
15/02/1996	Capital increase
15/02/1996	Amendment
15/02/1996	Updated articles of association
03/07/1992	Minutes of general meeting of shareholders
03/07/1992	Minutes of Board meeting
03/07/1992	Declaration of conformity
03/07/1992	Amendment
03/07/1992	Updated articles of association

Establishment events history

Date	Description
18/04/2018	Update of phone numbers
30/06/2017	Modification of Head office
01/12/2012	Modification of Head office
28/06/2011	Update of phone numbers
01/09/2010	Modification of Head office
01/09/2010	Update of Establishment Workforce
13/03/2009	Update of phone numbers
20/11/2008	Formation of Head office (after transfer)

Financial

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	12/07/2017	01/07/2016	09/07/2015
Activity Code	2892Z	2892Z	2892Z
Employees	0	28	29

Active account

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	814,250	156.7%	317,167	-10.9%	355,915	177,278	359.3%
Intangible assets	0	0%	4,322	1787.3%	229	7,431	0%
Tangible assets	763,811	191.1%	262,406	-14.6%	307,094	160,226	376.7%
Financial assets	50,440	0%	50,440	3.8%	48,592	5,400	834.1%
Net current assets	4,537,394	-5.2%	4,784,665	10.9%	4,313,139	2,504,420	81.2%
Stocks	1,590,115	-0.3%	1,595,672	-3.7%	1,657,323	779,978	103.9%
Advanced payments	0	0%	0	0%	0	0	0%
Receivables	2,655,889	72.8%	1,537,093	-3.1%	1,586,458	944,765	181.1%
Securities and cash	291,391	-82.4%	1,651,899	54.5%	1,069,359	237,931	22.5%
Prepaid expenses	-	-	-	-	-	658	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	5,351,644	4.9%	5,101,832	9.3%	4,669,054	3,125,132	71.2%

Passive Account

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Shareholders' equity	3,786,289	6.0%	3,572,205	11.2%	3,212,324	756,360	400.6%
Share capital	160,000	0%	160,000	0%	160,000	200,000	-20.0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	8,500	-66.0%	25,000	3,000	0%
Liabilities	1,565,355	2.9%	1,521,127	6.2%	1,431,730	1,528,007	2.4%
Financial liabilities	108,673	-23.9%	142,777	49.2%	95,699	226,298	-52.0%
Advanced payments received	0	0%	0	0%	0	0	0%
Trade account payables	1,053,543	16.1%	907,606	23.0%	738,125	495,329	112.7%
Tax and social liabilities	361,790	-20.6%	455,377	-13.2%	524,822	310,496	16.5%
Other debts and fixed assets liabilities	41,349	169.1%	15,366	-69.4%	50,244	6,857	503.0%
Account regularization	0	0%	0	0%	22,840	0	0%
Total liabilities	5,351,644	4.9%	5,101,832	9.3%	4,669,054	3,125,132	71.2%

Results

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Sales of Goods	6,476,695	-18.6%	7,957,609	7.2%	7,422,160	3,660,795	76.9%
Net turnover	5,827,086	-25.9%	7,865,598	8.6%	7,240,940	3,506,650	66.2%
of which net export turnover	2,620,253	-7.4%	2,828,907	67.0%	1,694,042	181,836	1341.0%
Operating charges	6,225,940	-16.8%	7,483,517	6.9%	7,002,443	3,601,408	72.9%
Operating profit/loss	250,755	-47.1%	474,093	13.0%	419,717	75,524	232.0%
Financial income	6,075	-53.0%	12,923	-41.1%	21,954	2,467	146.3%
Financial charges	29,564	50.9%	19,592	64.9%	11,878	6,188	377.8%
Financial profit/loss	-23,489	-252.2%	-6,669	-166.2%	10,076	-1,730	-1257.7%
Pretax net operating income	227,266	-51.4%	467,423	8.8%	429,793	81,349	179.4%
Extraordinary income	208,491	-11.2%	234,908	59.6%	147,140	5,890	3439.7%
Extraordinary charges	19,138	-59.0%	46,652	-3.0%	48,092	6,377	200.1%
Extraordinary profit/loss	189,352	0.6%	188,255	90.1%	99,048	0	0%
Net result	335,034	-31.8%	491,081	24.1%	395,619	65,816	409.0%

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	5,351,644	4.9%	5,101,832	9.3%	4,669,054
Gross	CO	6,529,698	2.8%	6,350,139	8.5%	5,853,631
Amortisation	1A	1,178,054	-5.6%	1,248,307	5.4%	1,184,577

Non declared distributed capital (I)

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

Active fixed asset (II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Active fixed asset (II)	Net	814,250	156.7%	317,167	-10.9%	355,915
Gross	BJ	1,942,411	27.6%	1,521,992	-0.3%	1,526,177
Amortisation	BK	1,128,161	-6.4%	1,204,825	3.0%	1,170,262

Intangible fixed assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Start-up cost	Net	0	0%	0	0%	0
Gross	AB	0	0%	0	0%	0
Amortisation	AC	0	0%	0	0%	0
R&D expenses	Net	0	0%	0	0%	0
Gross	CX	0	0%	0	0%	0
Amortisation	CQ	0	0%	0	0%	0
Distributorships, patents	Net	0	0%	4,322	1787.3%	229
Gross	AF	11,729	-55.3%	26,243	-8.3%	28,616
Amortisation	AG	11,729	-46.5%	21,921	-22.8%	28,387
Goodwill	Net	0	0%	0	0%	0
Gross	AH	0	0%	0	0%	0
Amortisation	AI	0	0%	0	0%	0
Other intangible fixed assets	Net	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	0	0%	4,322	1787.3%	229

Tangible fixed assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Lands	Net	0	0%	0	0%	0
Gross	AN	0	0%	0	0%	0
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	36,467	-36.8%	57,658	-26.9%	78,849
Gross	AP	223,592	0%	223,592	0%	223,592
Amortisation	AQ	187,125	12.8%	165,934	14.6%	144,743
Plant	Net	696,329	331.5%	161,366	3.2%	156,292
Gross	AR	1,512,156	42.3%	1,062,665	2.9%	1,032,877
Amortisation	AS	815,827	-9.5%	901,300	2.8%	876,584
Other tangible fixed assets	Net	31,015	-28.5%	43,382	-39.7%	71,953
Gross	AT	144,494	-9.2%	159,052	-17.4%	192,500
Amortisation	AU	113,479	-1.9%	115,670	-4.0%	120,547
Fixed assets in construction	Net	0	0%	0	0%	0
Gross	AV	0	0%	0	0%	0
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	0
Gross	AX	0	0%	0	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	763,811	191.1%	262,406	-14.6%	307,094

Financial assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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	21,750	0%	21,750	10.1%	19,750
Gross	CU	21,750	0%	21,750	10.1%	19,750
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	0	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0	0%	0	0%	0
Other financial assets	Net	28,690	0%	28,690	-0.5%	28,842
Gross	BH	28,690	0%	28,690	-0.5%	28,842
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial assets	Net	50,440	0%	50,440	3.8%	48,592

Current Assets (III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Current Assets	Net	4,537,394	-5.2%	4,784,665	10.9%	4,313,139
Gross	CJ	4,587,287	-5.0%	4,828,147	11.6%	4,327,454
Amortisation	CK	49,893	14.7%	43,482	203.8%	14,315

Stocks

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Raw materials	Net	1,048,662	21.2%	864,965	-6.6%	926,371
Gross	BL	1,048,662	21.2%	864,965	-6.6%	926,371
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	541,453	-25.9%	730,707	0.0%	730,952
Gross	BN	541,453	-25.9%	730,707	0.0%	730,952
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	0	0%	0	0%	0
Gross	BT	0	0%	0	0%	0
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	1,590,115	-0.3%	1,595,672	-3.7%	1,657,323

Advance payments to suppliers

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Trade accounts receivable	Net	2,274,926	62.4%	1,400,829	2.2%	1,370,365
Gross	BX	2,324,819	61.0%	1,444,311	4.3%	1,384,680
Amortisation	BY	49,893	14.7%	43,482	203.8%	14,315
Other debtors	Net	365,458	257.7%	102,156	-33.4%	153,500
Gross	BZ	365,458	257.7%	102,156	-33.4%	153,500
Amortisation	CA	0	0%	0	0%	0
Capital subscribed and called up	Net	0	0%	0	0%	0
Gross	CB	0	0%	0	0%	0
Amortisation	CC	0	0%	0	0%	0
Sub Total debtors	Net	2,640,384	75.7%	1,502,985	-1.4%	1,523,865

Divers

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Investment securities	Net	138,309	-60.0%	345,893	72.7%	200,281
Gross	CD	138,309	-60.0%	345,893	72.7%	200,281
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	153,082	-88.3%	1,306,006	50.3%	869,078
Gross	CF	153,082	-88.3%	1,306,006	50.3%	869,078
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	291,391	-82.4%	1,651,899	54.5%	1,069,359

Prepaid expenses

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Prepaid expenses	Net	15,505	-54.5%	34,108	-45.5%	62,593
Gross	CH	15,505	-54.5%	34,108	-45.5%	62,593
Amortisation	CI	0	0%	0	0%	0

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%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

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

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		5,351,644	4.9%	5,101,832	9.3%	4,669,054

Shareholder Equity (I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total shareholders' equity (Total I)	DL	3,786,289	6.0%	3,572,205	11.2%	3,212,324
Equity and shareholders' equity	DA	160,000	0%	160,000	0%	160,000
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	16,000	0%	16,000	0%	16,000
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	3,275,255	12.7%	2,905,124	10.0%	2,640,704
Of which reserve for buying originals works from alive artists	EJ	0	0%	0	0%	0
Profits or losses brought forward	DH	0	0%	0	0%	0
Profit or loss for the period	DI	335,034	-31.8%	491,081	24.1%	395,619
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

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

Provisions for risks and charges (III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total provisions for risks and charges (Total III)	DR	0	0%	8,500	-66.0%	25,000
Risk provisions	DP	0	0%	8,500	-66.0%	25,000
Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Liabilities (Total IV)	EC	1,565,355	2.9%	1,521,127	6.2%	1,431,730
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	71,562	-49.9%	142,777	49.2%	95,699
Sundry loans and financial liabilities	DV	37,111	0%	0	0%	0
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	0	0%	0	0%	0
Trade accounts payables	DX	1,053,543	16.1%	907,606	23.0%	738,125
Tax and social security liabilities	DY	361,790	-20.6%	455,377	-13.2%	524,822
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	41,349	169.1%	15,366	-69.4%	50,244

Translation loss (V)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Translation loss (Total V)	ED		0	0%	0	0%	0

Equalization accounts

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Deferred income	EB		0	0%	0	0%	22,840

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	1,531,803	5.7%	1,449,795	4.4%	1,389,173
Of which current bank facilities	EH	0	0%	0	0%	0

Result account

1 - Operating result (I-II)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating result (Total I-II)	GG		250,755	-47.1%	474,093	13.0%	419,717

2 - Financial result (V-VI)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Financial result (Total V-VI)	GV		-23,489	-252.2%	-6,669	-166.2%	10,076

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		227,266	-51.4%	467,423	8.8%	429,793

4 - Extraordinary result (VII-VIII)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Extraordinary result (Total VII-VIII)	HI		189,352	0.6%	188,255	90.1%	99,048

Profit or loss

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Profit or loss	HN		335,034	-31.8%	491,081	24.1%	395,619

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		6,691,260	-18.5%	8,205,440	8.1%	7,591,254

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		6,356,226	-17.6%	7,714,359	7.2%	7,195,634

Operating income (I)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total operating income (Total I)	FR		6,476,695	-18.6%	7,957,609	7.2%	7,422,160

Operating income (details)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Sale of goods for resale	FC	0	0%	0	0%	0
France	FA	0	0%	0	0%	0
Export	FB	0	0%	0	0%	0
Sale of goods produced	FF	5,058,764	-30.3%	7,254,813	14.5%	6,334,271
France	FD	2,438,511	-45.0%	4,434,992	-4.5%	4,645,109
Export	FE	2,620,253	-7.1%	2,819,821	66.9%	1,689,162
Sale of services	FI	768,322	25.8%	610,785	-32.6%	906,669
France	FG	768,322	27.7%	601,699	-33.3%	901,789
Export	FH	0	0%	9,086	86.2%	4,880
Net turnover	FL	5,827,086	-25.9%	7,865,598	8.6%	7,240,940
France	FJ	3,206,833	-36.3%	5,036,691	-9.2%	5,546,898
Export	FK	2,620,253	-7.4%	2,828,907	67.0%	1,694,042
Stocked production	FM	-189,254	-77463.1%	-244	-101.1%	21,477
Self-constructed assets	FN	756,500	1160.8%	60,000	-47.8%	115,000
Operating grants	FO	0	0%	0	0%	0
Release of reserves and provisions	FP	53,144	76.4%	30,121	-31.2%	43,766
Other income	FQ	29,219	1268.6%	2,135	118.8%	976

Operating charges (II)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total operating charges (Total II)	GF		6,225,940	-16.8%	7,483,517	6.9%	7,002,443

Exploitation charges

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	2,144,973	-30.9%	3,102,376	9.9%	2,822,433
Change in stocks of raw materials	FV	-183,697	-399.2%	61,405	37.8%	44,572
Other external purchases and charges	FW	2,333,438	1.8%	2,292,398	17.1%	1,957,178
Tax, duty and similar payments	FX	75,465	-14.5%	88,221	-11.4%	99,594
Payroll	FY	1,050,450	-11.1%	1,181,570	-4.1%	1,232,668
Social security costs	FZ	514,245	-7.0%	552,728	-5.2%	583,322

Depreciation

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Depreciation of fixed assets	GA	252,883	52.5%	165,795	-19.7%	206,546
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	37,107	27.2%	29,167	103.8%	14,315
Provisions for risks and charges	GD	0	0%	8,500	-66.0%	25,000

Other charges

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Other charges	GE		1,077	-20.5%	1,355	-91.9%	16,816

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%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total financial income (Total V)	GP	6,075	-53.0%	12,923	-41.1%	21,954
Share financial income	GJ	0	0%	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	6,075	-52.9%	12,890	-37.3%	20,564
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	0	0%	34	-97.6%	1,390
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial charge (VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total financial charge (Total VI)	GU	29,564	50.9%	19,592	64.9%	11,878
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	29,564	50.9%	19,592	69.2%	11,578
Exchange losses	GS	0	0%	0	0%	299
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total extraordinary income (Total VII)	HD	208,491	-11.2%	234,908	59.6%	147,140
Extraordinary operating income	HA	791	0%	0	0%	0
Extraordinary income from capital transactions	HB	207,700	-11.6%	234,908	59.6%	147,140
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total extraordinary charges (Total VIII)	HH	19,138	-59.0%	46,652	-3.0%	48,092
Extraordinary operating charges	HE	4,701	4746.4%	97	-78.7%	455
Extraordinary charges from capital transactions	HF	14,437	-69.0%	46,555	-2.3%	47,637
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Employee profit sharing (Total IX)	HJ		0	0%	0	0%	0

Tax on profits (X)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Tax on profits (Total X)	HK		81,584	-50.4%	164,598	23.6%	133,222

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Of which equipment leases	HP	0	0%	42,227	-16.6%	50,616
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	13,948	172.4%	5,121	-15.2%	6,037
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Other incomes tax return forms

Fixed Assets

Grand Total Fixed Assets (I to IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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	343,984	93.5%	177,787	24.3%	143,000
Gross value at the end of period	OL	1,942,411	27.6%	1,521,993	-0.3%	1,526,177

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%	0	0%	0
Increasess due to revaluation	KB	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreasess by budget item transfer	CO1	0	0%	0	0%	0
Decreasess by transfers	CO2	0	0%	0	0%	0
Gross value at the end of period	DO	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	KD	26,243	-8.3%	28,616	0%	28,616
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	0%	5,998	0%	0
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	14,514	73.4%	8,371	0%	0
Gross value at the end of period	LW	11,729	-55.3%	26,243	-8.3%	28,616

Tangible fixed assets (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	LN	1,445,309	-0.3%	1,448,968	0.5%	1,442,469
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	764,403	361.6%	165,605	10.8%	149,500
Decreasess by budget item transfer	NG1	0	0%	0	0%	0
Decreasess by transfers	NG2	329,471	94.6%	169,264	18.4%	143,000
Gross value at the end of period	NH	1,880,242	30.1%	1,445,309	-0.3%	1,448,968

Financial assets (Total IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	LQ	50,440	3.8%	48,592	0%	48,592
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	0	0%	2,000	0%	0
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	0	0%	152	0%	0
Gross value at the end of period	NK	50,440	0%	50,440	3.8%	48,592

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%	0	0%	0
Increases	OP	0	0%	0	0%	0
Decreasess	OQ	0	0%	0	0%	0
Reserve for depreciation value at the end of period	OR	0	0%	0	0%	0

Research and development charge (Total I)

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

Other intangible assets (Total II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	PE	21,921	-22.8%	28,387	0%	28,387
Increases	PF	4,322	157.9%	1,676	0%	0
Decreasess	PG	14,514	78.3%	8,142	0%	0
Decreasess by budget item transfer	PH	11,729	-46.5%	21,921	-22.8%	28,387

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	1,182,904	3.6%	1,141,874	10.8%	1,030,691
Increases	QV	248,561	51.5%	164,119	-20.5%	206,546
Decreases	QW	315,033	155.9%	123,090	29.1%	95,363
Decreasess by budget item transfer	QX	1,116,432	-5.6%	1,182,904	3.6%	1,141,874

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%	0	0%	0
Increases	Z92	0	0%	0	0%	0
Depreciation of fixed assets during period	Z9	0	0%	0	0%	0
Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

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

Provisions included in balance sheet

Grand Total (I-II-III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	7C	51,982	32.2%	39,315	4.2%	37,729
Increases	UB	37,107	-1.5%	37,667	-4.2%	39,315
Decreases	UC	39,196	56.8%	25,000	-33.7%	37,729
Value at the end of period	UD	49,893	-4.0%	51,982	32.2%	39,315

Includes Total allocations

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating	UE	37,107	-1.5%	37,667	-4.2%	39,315
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating	UF	39,196	56.8%	25,000	-33.7%	37,729
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	3Z	0	0%	0	0%	0
Increases	TS	0	0%	0	0%	0
Decreases	TT	0	0%	0	0%	0
Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	5Z	8,500	-66.0%	25,000	0%	0
Increases	TV	0	0%	8,500	-66.0%	25,000
Decreases	TW	8,500	-66.0%	25,000	0%	0
Value at the end of period	TX	0	0%	8,500	-66.0%	25,000

Total Provision for depreciation (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	7B	43,482	203.8%	14,315	-62.1%	37,729
Increases	TY	37,107	27.2%	29,167	103.8%	14,315
Decreases	TZ	30,696	0%	0	0%	37,729
Value at the end of period	UA	49,893	14.7%	43,482	203.8%	14,315

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	2,734,471	69.9%	1,609,265	-1.2%	1,629,616
1 year at most	VU	2,705,511	71.2%	1,580,575	-1.3%	1,600,774
More than one year	VV	28,960	0.9%	28,690	-0.5%	28,842

State of loans

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	28,690	0%	28,690	-0.5%	28,842
Other financial assets (1 year at most)	UV	-270	0%	0	0%	0

Receivables statement of assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Customers doubtful or disputed	VA	58,270	0%	0	0%	0
Other claims customer	UX	2,266,548	56.9%	1,444,311	4.3%	1,384,680
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	252	1100.0%	21
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	147,312	385.5%	30,345	-71.3%	105,572
Value added tax	VB	111,928	120.9%	50,659	373.3%	10,704
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	12,533	0%	0	0%	9,149
Group and Associates	VC	71,361	247.9%	20,512	-23.3%	26,759
Accounts receivable (including claims relating to the operation of pension titles)	VR	22,324	5653.6%	388	-70.0%	1,295

Prepaid

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Prepaid	VS		15,505	-54.5%	34,108	-45.5%	62,593

State Debt

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total debt (gross)	VY	1,565,353	2.9%	1,521,126	6.2%	1,431,730
1 year at most	VZ2	1,531,803	5.7%	1,449,795	4.4%	1,389,173
More than 1 year and 5 years at most	VZ3	33,551	-53.0%	71,332	67.6%	42,557
More than 5 years	VZ4	0	0%	0	0%	0

Details

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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	229	4.6%	219	-62.4%	583
1 year at most	VG2	229	4.6%	219	-62.4%	583
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	71,332	-50.0%	142,558	49.9%	95,115
1 year at most	VH2	37,781	-47.0%	71,226	35.5%	52,558
More than 1 year and 5 years at most	VH3	33,551	-53.0%	71,332	67.6%	42,557
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	1,053,543	16.1%	907,606	23.0%	738,125
1 year at most	8B2	1,053,543	16.1%	907,606	23.0%	738,125
More than 1 year and 5 years at most	8B3	1,053,543	16.1%	907,606	23.0%	738,125
Personnel and associated accounts (gross)	8C1	168,585	-12.4%	192,531	-1.4%	195,284
1 year at most	8C2	168,585	-12.4%	192,531	-1.4%	195,284
More than 1 year and 5 years at most	8C3	0	0%	0	0%	0
Social Security and other social organizations (gross)	8D1	158,893	-21.6%	202,666	-6.0%	215,546
1 year at most	8D2	158,893	-21.6%	202,666	-6.0%	215,546
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	7,376	516.2%	1,197	-97.1%	41,792
1 year at most	VW2	7,376	516.2%	1,197	-97.1%	41,792
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	26,936	-54.3%	58,984	-18.3%	72,201
1 year at most	VQ2	26,936	-54.3%	58,984	-18.3%	72,201
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	37,111	0%	0	0%	0
1 year at most	VI2	37,111	0%	0	0%	0
More than 1 year and 5 years at most	VI3	0	0%	0	0%	0
More than 5 years	V14	0	0%	0	0%	0
Other liabilities (gross)	8K1	41,349	169.1%	15,366	-69.4%	50,244
1 year at most	8K2	41,349	169.1%	15,366	-69.4%	50,244
More than 1 year and 5 years at most	8K3	0	0%	0	0%	0
Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most	SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most	SZ3	0	0%	0	0%	0
Products in advance (gross)	8L1	0	0%	0	0%	22,840
1 year at most	8L2	0	0%	0	0%	22,840
More than 1 year and 5 years at most	8L3	0	0%	0	0%	0

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Loans made during the period	VJ	0	0%	100,000	27.1%	78,650
Debt repaid during the period	VK	71,226	35.5%	52,557	-2.2%	53,753

Table allocation results and other information

Dividends distributed

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

Commitments

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

Other charges Externes

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

Taxes and Fees

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

VAT

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

Average number of employees

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Average number of employees	YP		0	0%	28	-3.4%	29

Groups and Shareholders

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

Ratios

Synthetic financial performance indicators

31/12/2016

31/12/2015

31/12/2014

Score

Situation

Score

Situation

Score

Situation

Hide AFDCC 2

3.58

Healthy +

7.46

Healthy +

6.59

Healthy +

Description

The AFDCC 2 score uses sectors of activity and company sizes for companies with a turnover of 150 000 to 75 million euros. This calculation allows a classification of the companies in three levels:
-	Healthy: the higher the score value is, the more the company is healthy.
-	Undetermined: it’s impossible to determine the situation.
-	Fragility/Failure: the lower the score value is, the more the company is in danger.
The status are completed which “+/-“ signs.

Hide Conan & Holder

0.15

10%

0.19

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 Median 2016
Fixed Asset Financing	2.59	-20.1%	3.24	9.8%	2.95	2.28	13.6%
Global Debt	97 days	38.6%	70 days	-1.4%	71 days	119 days	-18.5%
Working Capital Fund overall net	190 days	21.8%	156 days	5.4%	148 days	112 days	70.4%
Financial independence	3,484.11 %	39.3%	2,501.95 %	-25.5%	3,356.70 %	505.43 %	589.3%
Solvability	70.75 %	1.0%	70.02 %	1.8%	68.80 %	44.20 %	60.1%
Capacity debt futures	9,961.30 %	99.2%	4,999.94 %	-17.3%	6,044.91 %	2,829.31 %	252.1%
Coverage of current assets by net working capital overall	65.41 %	-1.3%	66.27 %	-0.6%	66.67 %	52.82 %	23.8%
General Liquidity	1.77	62.4%	1.09	-5.2%	1.15	0.88	101.1%
Restricted Liquidity	1.96	-12.1%	2.23	16.1%	1.92	1.29	51.9%

Management or rotation

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Need background in operating working capital	151 days	101.3%	75 days	-14.8%	88 days	62 days	145.5%
Treasury	18 days	-76.3%	76 days	43.4%	53 days	27 days	-32.1%
Inventory turnover of goods	-	-	-	-	-	82 days	-
Average length of credit granted to customers	144 days	118.2%	66 days	-4.3%	69 days	75 days	93.3%
Average length of credit obtained suppliers	88 days	46.7%	60 days	9.1%	55 days	71 days	24.8%
Inventory turnover of raw materials in industrial enterprises	176 days	76.0%	100 days	-15.3%	118 days	67 days	162.7%
Inventory turnover of intermediate and finished products in the industrial enterprise	310 days	-43.0%	544 days	8.8%	500 days	436 days	-28.9%
Rotation tangible assets	309.91 %	-43.1%	544.22 %	8.9%	499.73 %	453.24 %	-31.6%

Profitability of the business

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Margin trading	0.00 %	0%	0.00 %	0%	0.00 %	0.00 %	0%
Profitability of the business	7.88 %	-4.1%	8.22 %	-6.7%	8.81 %	4.45 %	77.1%
Net profit	5.75 %	-7.9%	6.24 %	14.3%	5.46 %	3.38 %	70.1%
Growth rate of turnover (excluding VAT)	-25.92 %	-400.3%	8.63 %	153.8%	-16.03 %	0.00 %	0%
Rates integration	36.03 %	14.8%	31.39 %	-11.0%	35.26 %	30.65 %	17.6%
Rate leasing furniture	0.00 %	0%	0.54 %	-22.9%	0.70 %	0.00 %	0%
Work Factor	74.52 %	6.1%	70.24 %	-1.3%	71.13 %	75.98 %	-1.9%
Weight interests	0.51 %	104.0%	0.25 %	56.3%	0.16 %	0.23 %	121.7%

Return on capital

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Cash flow from the overall profitability	6.10 %	8.2%	5.64 %	-12.1%	6.42 %	3.70 %	64.9%
Rates of economic profitability	12.00 %	-29.4%	17.00 %	-10.5%	19.00 %	10.05 %	19.4%
Financial profitability	3,786,289.00 %	6.0%	3,572,205.00 %	11.2%	3,212,324.00 %	827,911.50 %	357.3%
Return on investment	9.36 %	-31.9%	13.75 %	11.6%	12.32 %	7.57 %	23.6%

Management intermediate balances

	31/12/2016	Variation	31/12/2015		Variation		31/12/2014		Sector Median 2016
Turnover	5,827,086	-25.9%	7,865,598		8.6%		7,240,940		3,506,650	66.2%
		31/12/2016	Variation	31/12/2015		Variation		31/12/2014	Sector Median 2016
Sales of goods		0	0%	0		0%		0		-
- Purchase of goods		0	0%	0		0%		0		-
+/- Stock of goods variation		0	0%	0		0%		0		-
Trading margin		0 €	0%	0 €		0%		0 €	0 €	0%
		0.00 % CA	0%	0.00 % CA		0%		0.00 % CA	0.00 % CA	0%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Sale of goods produced	5,827,086	-25.9%	7,865,598	8.6%	7,240,940		-
+/- Stocked production	-189,254	-77463.1%	-244	-101.1%	21,477		-
+ Self-constructed assets	756,500	1160.8%	60,000	-47.8%	115,000		-
Period production	6,394,332 €	-19.3%	7,925,354 €	7.4%	7,377,417 €	3,153,481 €	102.8%
	109.73 % CA	8.9%	100.76 % CA	-1.1%	101.88 % CA	98.20 % CA	11.7%
	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Trading margin	0	0%	0	0%	0	0	0%
+ Period Production	6,394,332	-19.3%	7,925,354	7.4%	7,377,417	3,153,481	102.8%
- Purchase of raw materials	2,144,973	-30.9%	3,102,376	9.9%	2,822,433		-
+/- Change in stocks of raw materiels	-183,697	-399.2%	61,405	37.8%	44,572		-
- Other external purchases and charges	2,333,438	1.8%	2,292,398	17.1%	1,957,178		-
Added value	2,099,618 €	-15.0%	2,469,175 €	-3.3%	2,553,234 €	1,452,967 €	44.5%
	36.03 % CA	14.8%	31.39 % CA	-11.0%	35.26 % CA	30.65 % CA	17.6%

	31/12/2016	Variation		31/12/2015		Variation		31/12/2014		Sector Median 2016
Added value	2,099,618 €	-15.0%		2,469,175 €		-3.3%		2,553,234 €		1,452,967 €	44.5%
+ Operating grants	0	0%		0		0%		0			-
- Tax, duty and similar payments	75,465	-14.5%		88,221		-11.4%		99,594			-
- Personal charges	1,564,695	-9.8%		1,734,298		-4.5%		1,815,990			-
Gross operating surplus	459,458 €	-28.9%		646,656 €		1.4%		637,650 €		124,281 €	269.7%
	7.88 % CA	-4.1%		8.22 % CA		-6.7%		8.81 % CA		4.45 % CA	77.1%
		31/12/2016	Variation		31/12/2015		Variation		31/12/2014	Sector Median 2016
Gross operating surplus		459,458 €	-28.9%		646,656 €		1.4%		637,650 €	124,281 €	269.7%
+ Release of reserves and provisions		53,144	76.4%		30,121		-31.2%		43,766		-
+ Other operating income		29,219	1268.6%		2,135		118.8%		976		-
- Depreciation/ Amortisation		289,990	42.5%		203,462		-17.2%		245,861		-
- Other charges		1,077	-20.5%		1,355		-91.9%		16,816		-
Operating result		250,754 €	-47.1%		474,095 €		13.0%		419,715 €	75,524 €	232.0%
		4.30 % CA	-28.7%		6.03 % CA		4.0%		5.80 % CA	3.35 % CA	28.4%

	31/12/2016	Variation		31/12/2015		Variation		31/12/2014		Sector Median 2016
Operating result	250,754 €	-47.1%		474,095 €		13.0%		419,715 €		75,524 €	232.0%
+/- Result of joint-venture transferred from/to other partners	0	0%		0		0%		0			-
+ Financial income	6,075	-53.0%		12,923		-41.1%		21,954			-
- Financial charges	29,564	50.9%		19,592		64.9%		11,878			-
Pre-tax result	227,265 €	-51.4%		467,426 €		8.8%		429,791 €		81,349 €	179.4%
	3.90 % CA	-34.3%		5.94 % CA		0%		5.94 % CA		3.83 % CA	1.8%
		31/12/2016	Variation		31/12/2015		Variation		31/12/2014	Sector Median 2016
Extraordinary income		208,491	-11.2%		234,908		59.6%		147,140	5,890	3439.7%
- Extraordinary charges		19,138	-59.0%		46,652		-3.0%		48,092		-
Extraordinary result		189,353 €	0.6%		188,256 €		90.1%		99,048 €	0 €	0%
		3.25 % CA	36.0%		2.39 % CA		74.5%		1.37 % CA	0.00 % CA	0%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Pre-tax result	227,265 €	-51.4%	467,426 €	8.8%	429,791 €	81,349 €	179.4%
Extraordinary result	189,353 €	0.6%	188,256 €	90.1%	99,048 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0		-
- Tax on profits	81,584	-50.4%	164,598	23.6%	133,222		-
Net result	335,034 €	-31.8%	491,084 €	24.1%	395,617 €	65,816 €	409.0%
	5.75 % CA	-7.9%	6.24 % CA	14.3%	5.46 % CA	3.38 % CA	70.1%

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 2892Z - Manufacture of machinery for mining, quarrying and construction.

Graphical analysis

	31/12/2016	31/12/2015	31/12/2014
Company Result	5,827,086 €	7,865,598 €	7,240,940 €
Sector Average	18,240,781 €	12,440,879 €	17,007,755 €

	31/12/2016	31/12/2015	31/12/2014
Company Result	335,034 €	491,081 €	395,619 €
Sector Average	207,873 €	326,616 €	32,944 €

	31/12/2016	31/12/2015	31/12/2014
Company Result	2,620,253 €	2,828,907 €	1,694,042 €
Sector Average	11,067,258 €	7,618,664 €	10,279,599 €

	31/12/2016	31/12/2015	31/12/2014
Company Result	5,351,644 €	5,101,832 €	4,669,054 €
Sector Average	19,768,230 €	13,093,871 €	17,278,003 €

	31/12/2016	31/12/2015	31/12/2014
Company Result	3,786,289 €	3,572,205 €	3,212,324 €
Sector Average	7,728,058 €	5,943,539 €	6,549,120 €

	31/12/2016	31/12/2015	31/12/2014
Company Result	1,565,355 €	1,521,127 €	1,431,730 €
Sector Average	11,004,760 €	6,612,425 €	9,756,037 €

	31/12/2016	31/12/2015	31/12/2014
Company Result	151 €	75 €	88 €
Sector Average	360 €	223 €	244 €

	31/12/2016	31/12/2015	31/12/2014
Company Result	459,458 €	646,656 €	637,650 €
Sector Average	617,972 €	739,105 €	536,465 €

$Description: \\vivek-pc\E\511047_files\PdfDelayPixel$

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 68.39
UK Pound	1	INR 91.44
Euro	1	INR 80.14
Euro	1	INR 79.92

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

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TRU

RATING EXPLANATIONS

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

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

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

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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

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

MIRA INFORM REPORT

Company summery

Key Financials

Directors

Judgment and Preferential

Establishment Details

Preferential rights details and history

Financial

Key Performance Indicators

Unit