MIRA INFORM REPORT

Report Date :

07.08.2010

IDENTIFICATION DETAILS

Name :	CODIS INTERNATIONAL
Registered Office :	Zi De La Palue 86220 Ingrandes
Country :	France
Financials (as on) :	31.12.2008
Date of Incorporation :	December 2005
Legal Form :	Simplified joint stock company
Line of Business :	Wholesale (trade between firms) of clothing and shoes

RATING & COMMENTS

MIRA’s Rating :

Aa

RATING		STATUS	PROPOSED CREDIT LINE
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large

Maximum Credit Limit :	750,000 €
Status :	Very 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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Top of Form

 Name

CODIS INTERNATIONAL

SIRET 485 286 488 00013

company summary

Activity (APE)	Wholesale (trade between firms) of clothing and shoes (4642Z)	Legal form	Simplified joint stock company
Phone	05 49 02 42 42	RCS Registration	RCS Poitiers B 485 286 488
Fax	05 49 21 05 75	Share capital	6,000,000 Euros
Address	CODIS INTERNATIONAL ZI DE LA PALUE 86220 INGRANDES	Incorporated Date	12/2005
Nationality	France	Status	Economically active

Limit [€]

750,000 €

No judgment information for the company

This company is not identified as one of the biggest french chip

Current Directors

6

Trading to Date	12/31/2008	12/31/2007	12/31/2006
Turnover	15,663,514 €	17,324,419 €	15,483,958 €
Gross Operating Surplus	4,02 % Turnover	3,96 % Turnover	3,17 % Turnover
Net worth	12,491,483 €	10,644,920 €	7,263,052 €
Employees	20 to 49 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)
RCS Registration	RCS Poitiers B 485 286 488	Share capital	6,000,000 Euros
Registration Court	Poitiers (86)	Legal form	Simplified joint stock company
Court Registry Number	05 B 00675	EU VAT Number	FR56485286488
Incorporation Date	12/2005	Formation Date	11/2005
Deregistration Date		Last account Date	31/12/2008
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)	Business Pages FT®	IMPORT EXPORT SOCIETE COMMERCE INTERNATIONAL
Postal Address	CODIS INTERNATIONAL ZI DE LA PALUE 86220 INGRANDES	Trading Address	86220 INGRANDES
Telephone	05 49 02 42 42
Fax	05 49 21 05 75

Type	Head office (one site company)	Status	Economically active
Formation Date	11/2005	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Import, export	Activity Location	N/R
Location surface		Seasonality

Department	Vienne (86)	Region	Poitou-Charentes
District	1	Area	07
City	INGRANDES	Size of urban area	Establishment in a rural municipality

Other establishments

Branches	1 branch entities in this company
Head office	> CODIS INTERNATIONAL <<<  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in INGRANDES  (86220)
Secondary establishments

Regionality

Mono-activity status

Workforces

Workforce at address

20 to 49 employees

Company workforce

20 to 49 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2008	31/12/2007	31/12/2006
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Activity Code	4642Z	4642Z	4642Z
Employees	21	0	22

Active account

Annual Accounts	31/12/2008		31/12/2007		31/12/2006	Sector Average 2008
Capital not called	0	0%	0	0%	0	135,43	0%
Total fixed assets	17 214 850	0%	17 222 264	-0,2%	17 251 350	549 152,03	3034,8%
- Intangible assets	991	-69,1%	3 210	-87,7%	26 115	142 601,74	-99,3%
- Tangible assets	413	-92,8%	5 768	-51,7%	11 947	128 130,62	-99,7%
- Financial assets	17 213 446	0%	17 213 286	0%	17 213 285	279 657,47	6055,2%
Net current assets	4 202 691	-18,5%	5 155 448	129,5%	2 246 731	1 499 145,67	180,3%
- Stocks	1 115 803	29,5%	861 621	-14,6%	1 008 468	440 280,42	153,4%
- Advanced payments	14 223	-18,5%	3 446	203,3%	1 136	9 647,03	47,4%
- Receivables	199 314	46,8%	135 785	-76,4%	575 094	797 180,83	-75,0%
- Securities and cash	2 873 351	-30,8%	4 154 596	527,6%	662 030	251 373,45	1043,1%
- Prepaid expenses	-	-	-	-	-	2 121,60	-
Accounts of regularization	0	0%	0	0%	0	4 368,87	0%
Total Assets	21 417 542	-4,3%	22 377 712	14,8%	19 498 081	2 051 381,83	944,1%

Passive Account

Annual Accounts	31/12/2008		31/12/2007		31/12/2006	Sector Average 2008
Shareholders' equity	12 491 483	17,3%	10 644 920	46,6%	7 263 052	739 013,10	1590,3%
Share capital	6 000 000	0%	6 000 000	0%	6 000 000	263 874,93	2173,8%
Other capital resources	0	0%	0	0%	0	3 138,43	0%
Risk Provisions	15 512	9,0%	14 225	20,9%	11 765	44 350,46	-65,0%
Liabilities	8 910 547	-24,0%	11 718 567	-4,1%	12 223 263	1 262 284,04	605,9%
- Financial liabilities	7 551 109	-25,2%	10 093 982	-6,9%	10 836 760	361 218,86	1990,5%
- Advanced payments received	0	0%	0	0%	845	6 508,22	0%
- Trade account payables	941 020	-22,1%	1 207 384	10,0%	1 097 245	579 681,44	62,3%
- Tax and social liabilities	418 004	0,6%	415 442	47,1%	282 486	182 509,45	129,0%
- Other debts and fixed assets liabilities	414	-76,5%	1 759	-70,3%	5 923	189 858,90	-99,8%
Account regularization	0	0%	0	0%	0	5 500,22	0%
Total liabilities	21 417 541	-4,3%	22 377 712	14,8%	19 498 081	2 051 314,90	944,1%

Results

Annual Accounts	31/12/2008		31/12/2007		31/12/2006	Sector Average 2008
Sales of Goods	15 671 455	-9,6%	17 331 859	11,9%	15 492 643	3 262 928,24	380,3%
Net turnover	15 663 514	-9,6%	17 324 419	11,9%	15 483 958	3 156 157,85	396,3%
- of which net export turnover	0	0%	0	0%	0	763 637,56	0%
Operating charges	15 043 235	-9,8%	16 679 097	11,1%	15 009 673	3 129 032,49	380,8%
Operating profit/loss	628 220	-3,8%	652 762	35,2%	482 967	133 895,75	369,2%
Financial income	1 678 082	-47,4%	3 190 254	208,1%	1 035 328	50 694,09	3210,2%
Financial charges	287 641	-16,0%	342 251	18,3%	289 321	68 239,27	321,5%
Financial profit/loss	1 390 441	-51,2%	2 848 003	281,8%	746 006	-17 545,17	8024,9%
Pretax net operating income	2 018 661	-42,3%	3 500 766	184,9%	1 228 974	116 725,31	1629,4%
Extraordinary income	93	-98,8%	7 804	208,7%	2 528	64 476,89	-99,9%
Extraordinary charges	28	-94,7%	526	-36,1%	823	58 542,35	-100,0%
Extraordinary profit/loss	65	25271,8%	7 278	327,1%	1 704	5 934,54	-98,9%
Net result	1 846 563	-45,4%	3 381 867	157,6%	1 313 031	71 793,21	2472,1%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2008	31/12/2007	31/12/2006
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2008		31/12/2007		31/12/2006
	Grand Total (I to VI)	Net	21 417 542	-4,3%	22 377 712	14,8%	19 498 081
	Gross	CO	21 497 638	-4,4%	22 478 662	14,9%	19 562 525
	Amortisation	1A	80 096	-20,7%	100 949	56,6%	64 444

Non declared distributed capital (I)

		31/12/2008		31/12/2007		31/12/2006
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

			31/12/2008		31/12/2007		31/12/2006
	Total Active fixed asset (II)	Net	17 214 850	0%	17 222 264	-0,2%	17 251 350
	Gross	BJ	17 294 946	-0,2%	17 323 214	0%	17 315 794
	Amortisation	BK	80 096	-20,7%	100 949	56,6%	64 444

Intangilble fixed assets

			31/12/2008		31/12/2007		31/12/2006
	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	AE	0	0%	0	0%	0
	Distributorships, patents	Net	991	0%	991	0,1%	990
	Gross	AF	991	0%	991	0,1%	990
	Amortisation	AG	0	0%	0	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	2 219	-91,2%	25 125
	Gross	AJ	51 161	-33,0%	76 311	13,1%	67 482
	Amortisation	AK	51 161	-30,9%	74 092	74,9%	42 357
	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 Assets		Net	991	-69,1%	3 210	-87,7%	26 115

Tangilble fixed assets

			31/12/2008		31/12/2007		31/12/2006
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	0	0%	0	0%	0
	Gross	AR	0	0%	0	0%	0
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	413	-92,8%	5 768	-51,7%	11 947
	Gross	AT	29 348	-10,0%	32 626	-4,1%	34 035
	Amortisation	AU	28 935	7,7%	26 858	21,6%	22 088
	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	413		5 768		11 947

Financial assets

			31/12/2008		31/12/2007		31/12/2006
	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	17 213 286	0%	17 213 286	0%	17 213 285
	Gross	CU	17 213 286	0%	17 213 286	0%	17 213 285
	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	160	0%	0	0%	0
	Gross	BD	160	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
	Other financial assets	Net	0	0%	0	0%	0
	Gross	BH	0	0%	0	0%	0
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		17 213 446		17 213 286		17 213 285

Current Assets (III)

			31/12/2008		31/12/2007		31/12/2006
	Total Assets	Net	4 202 691	-18,5%	5 155 448	129,5%	2 246 731
	Gross	CJ	4 202 691	-18,5%	5 155 448	129,5%	2 246 731
	Amortisation	CK	0	0%	0	0%	0

Stocks

			31/12/2008		31/12/2007		31/12/2006
	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	1 115 803	29,5%	861 621	-14,6%	1 008 468
	Gross	BT	1 115 803	29,5%	861 621	-14,6%	1 008 468
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	1 115 803	29,5%	861 621	-14,6%	1 008 468

Advance payments to suppliers

			31/12/2008		31/12/2007		31/12/2006
	Advance payments to suppliers	Net	14 223	312,7%	3 446	203,3%	1 136
	Gross	BV	14 223	312,7%	3 446	203,3%	1 136
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2008		31/12/2007		31/12/2006
	Trade accounts receivable	Net	0	0%	0	0%	178 925
	Gross	BX	0	0%	0	0%	178 925
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	191 438	52,3%	125 692	-67,7%	388 603
	Gross	BZ	191 438	52,3%	125 692	-67,7%	388 603
	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	191 438	52,3%	125 692	-77,9%	567 528

Divers

			31/12/2008		31/12/2007		31/12/2006
	Investment securities	Net	2 667 298	-32,1%	3 931 002	0%	0
	Gross	CD	2 667 298	-32,1%	3 931 002	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	206 053	-7,8%	223 594	-66,2%	662 030
	Gross	CF	206 053	-7,8%	223 594	-66,2%	662 030
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	2 873 351	-30,8%	4 154 596	527,6%	662 030

Prepaid expenses

			31/12/2008		31/12/2007		31/12/2006
	Prepaid expenses	Net	7 876	-22,0%	10 093	33,4%	7 566
	Gross	CH	7 876	-22,0%	10 093	33,4%	7 566
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2008		31/12/2007		31/12/2006
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	-	-	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	-	-	-	-
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	-	-	-	-

References

		31/12/2008		31/12/2007		31/12/2006
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive
Other capital resources | Provisions for risks and charges | Liabilities | Translation loss | Equalization accounts | References

Grand Total - Passive Accounts (I to IV)

		31/12/2008		31/12/2007		31/12/2006
Grand Total (I to V)	EE	21 417 541	-4,3%	22 377 712	14,8%	19 498 081

Shareholder Equity (I)

			31/12/2008		31/12/2007		31/12/2006
	Total shareholders' equity (Total I)	DL	12 491 483	17,3%	10 644 920	46,6%	7 263 052
	Equity and shareholders' equity	DA	6 000 000	0%	6 000 000	0%	6 000 000
	Issue and merger premiums	DB	33 260	0%	33 260	0%	33 259
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	600 000	0%	600 000	0%	0
	Statutory or contractual reserve	DE	4 011 660	537,0%	629 793	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	0	0%	-83 238
	Profit or loss for the period	DI	1 846 563	-45,4%	3 381 867	157,6%	1 313 031
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2008		31/12/2007		31/12/2006
	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)

			31/12/2008		31/12/2007		31/12/2006
	Total provisions for risks and charges (Total III)	DR	15 512	9,0%	14 225	20,9%	11 765
	Risk provisions	DP	0	0%	0	0%	0
	Reserves for charges	DQ	15 512	9,0%	14 225	20,9%	11 765

Liabilities (IV)

			31/12/2008		31/12/2007		31/12/2006
	Total Liabilities (Total IV)	EC	8 910 547	-24,0%	11 718 567	-4,1%	12 223 263
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	3 605 147	-18,6%	4 429 961	-15,4%	5 236 998
	Sundry loans and financial liabilities	DV	3 945 962	-30,3%	5 664 021	1,1%	5 599 762
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	845
	Trade accounts payables	DX	941 020	-22,1%	1 207 384	10,0%	1 097 245
	Tax and social security liabilities	DY	418 004	0,6%	415 442	47,1%	282 486
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	414	-76,5%	1 759	-70,3%	5 923

Translation loss (V)

		31/12/2008		31/12/2007		31/12/2006
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2008		31/12/2007		31/12/2006
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2008		31/12/2007		31/12/2006
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	6 172 853	-24,0%	8 125 505	0%	0
Of which current bank facilities	EH	7 259	170,1%	2 688	0%	0

Display parameter
Currency	Euro	Kilo Euro

Result account
Sales of Goods | Operating charges | Operating charges | Financial income | Financial charges | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result (I-II)

		31/12/2008		31/12/2007		31/12/2006
Operating result (Total I-II)	GG	628 220	-3,8%	652 762	35,2%	482 967

2 - Financial result (V - VI)

		31/12/2008		31/12/2007		31/12/2006
Financial result (Total V-VI)	GV	1 390 441	-51,2%	2 848 003	281,8%	746 006

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

		31/12/2008		31/12/2007		31/12/2006
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	2 018 661	-42,3%	3 500 766	184,9%	1 228 974

4 - Extraordinary result (VII-VIII)

		31/12/2008		31/12/2007		31/12/2006
Extraordinary result (Total VII-VIII)	HI	65	-99,1%	7 278	327,1%	1 704

Profit or loss

		31/12/2008		31/12/2007		31/12/2006
Profit or loss	HN	1 846 563	-45,4%	3 381 867	157,6%	1 313 031

Total Income (I+III+V+VII)

		31/12/2008		31/12/2007		31/12/2006
Total Income (I+III+V+VII)	HL	17 349 630	-15,5%	20 529 917	24,2%	16 530 499

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

		31/12/2008		31/12/2007		31/12/2006
Total charges (Total II+IV+VI+VIII+IX+X)	HM	15 503 068	-9,6%	17 148 050	12,7%	15 217 464

Operating income (I)

		31/12/2008		31/12/2007		31/12/2006
Total operating income (Total I)	FR	15 671 455	-9,6%	17 331 859	11,9%	15 492 643

Operating income (details)

			31/12/2008		31/12/2007		31/12/2006
	Sale of goods for resale	FC	13 905 493	-10,9%	15 599 470	13,1%	13 794 798
	France	FA	13 905 493	-10,9%	15 599 470	13,1%	13 794 798
	Export	FB	0	0%	0	0%	0
	Sale of goods produced	FF	0	0%	0	0%	0
	France	FD	0	0%	0	0%	0
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	1 758 021	1,9%	1 724 949	2,1%	1 689 160
	France	FG	1 758 021	1,9%	1 724 949	2,1%	1 689 160
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	15 663 514	-9,6%	17 324 419	11,9%	15 483 958
	France	FJ	15 663 514	-9,6%	17 324 419	11,9%	15 483 958
	Export	FK	0	0%	0	0%	0
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	1 305	0%	0	0%	0
	Release of reserves and provisions	FP	6 341	-14,1%	7 381	0%	0
	Other income	FQ	295	400%	59	-99,3%	8 684

Operating charges (II)

		31/12/2008		31/12/2007		31/12/2006
Total operating charges (Total II)	GF	15 043 235	-9,8%	16 679 097	11,1%	15 009 673

Exploitation charges

		31/12/2008		31/12/2007		31/12/2006
Purchase of goods for resale	FS	13 134 078	-8,9%	14 409 533	17,5%	12 258 940
Change in stocks of goods for resale	FT	-254 182	-273,1%	146 847	-78,7%	690 748
Purchase of raw materials	FU	0	0%	0	0%	113
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	304 963	10,5%	276 076	-6,4%	295 072
Tax, duty and similar payments	FX	107 925	-2,7%	110 963	4,8%	105 925
Payroll	FY	1 251 034	2,5%	1 220 958	2,9%	1 186 642
Social security costs	FZ	490 555	3,6%	473 309	4,0%	455 178

Depreciation

		31/12/2008		31/12/2007		31/12/2006
Depreciation of fixed assets	GA	8 861	-77,2%	38 946	129,6%	16 963
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	2 460	0%	0

Other charges

		31/12/2008		31/12/2007		31/12/2006
Other charges	GE	01	-66,7%	03	-96,7%	92

Operating charges (III-IV)

		31/12/2008		31/12/2007		31/12/2006
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)

			31/12/2008		31/12/2007		31/12/2006
	Total financial income (Total V)	GP	1 678 082	-47,4%	3 190 254	208,1%	1 035 328
	Share financial income	GJ	1 496 316	-51,2%	3 064 932	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	134 919	87,4%	72 000	-93,0%	1 035 328
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	46 847	-12,1%	53 322	0%	0

Financial Charge (VI)

			31/12/2008		31/12/2007		31/12/2006
	Total financial charge (Total VI)	GU	287 641	-16,0%	342 251	18,3%	289 321
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	287 641	-16,0%	342 251	18,3%	289 321
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/12/2008		31/12/2007		31/12/2006
	Total extraordinary income (Total VII)	HD	93	-98,8%	7 804	208,7%	2 528
	Extraordinary operating income	HA	93	-98,8%	7 804	208,7%	2 528
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2008		31/12/2007		31/12/2006
	Total extraordinary charges (Total VIII)	HH	28	-94,7%	526	-36,1%	823
	Extraordinary operating charges	HE	28	-94,7%	526	-36,1%	823
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2008		31/12/2007		31/12/2006
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2008		31/12/2007		31/12/2006
Tax on profits (Total X)	HK	172 164	36,4%	126 177	253,2%	-82 353

References

		31/12/2008		31/12/2007		31/12/2006
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	7 381	0%	0
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

Display parameter
Currency	Euro	Kilo Euro

Other incomer tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period
Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2008		31/12/2007		31/12/2006
	Gross value at begin of period	OG	0	0%	17 315 794	15,4%	15 000 000
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	9 860	-99,6%	2 394 727
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	2 441	-96,9%	78 933
	Gross value at the end of period	OL	0	0%	17 323 214	0%	17 315 794

Research and development Charge (Total I)

			31/12/2008		31/12/2007		31/12/2006
	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	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2008		31/12/2007		31/12/2006
	Gross value at begin of period	KD	0	0%	68 473	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	8 829	-87,1%	68 700
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	227
	Gross value at the end of period	LW	0	0%	77 302	12,9%	68 473

Tangible fixed assets (Total III)

			31/12/2008		31/12/2007		31/12/2006
	Gross value at begin of period	LN	0	0%	34 035	0%	0
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	1 032	-97,2%	36 517
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	2 441	-1,7%	2 482
	Gross value at the end of period	NH	0	0%	32 626	-4,1%	34 035

Fiancial assets (Total IV)

			31/12/2008		31/12/2007		31/12/2006
	Gross value at begin of period	LQ	0	0%	17 213 286	14,8%	15 000 000
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	2 289 510
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	76 224
	Gross value at the end of period	NK	0	0%	17 213 286	0%	17 213 285

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

			31/12/2008		31/12/2007		31/12/2006
	Reserve for depreciation value at begin of period	0N	0	0%	64 444	0%	0
Increases		0P	0	0%	38 946	-42,0%	67 153
Decreasess		0Q	0	0%	2 441	-9,9%	2 709
	Reserve for depreciation value at the end of period	0R	0	0%	100 949	56,6%	64 444

Research and development charge (Total I)

			31/12/2008		31/12/2007		31/12/2006
	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)

			31/12/2008		31/12/2007		31/12/2006
	Reserve for depreciation value at begin of period	PE	0	0%	42 357	0%	0
Increases		PF	0	0%	31 735	-25,5%	42 584
Decreasess		PG	0	0%	0	0%	227
	Decreasess by budget item transfer	PH	0	0%	74 092	74,9%	42 357

Total fixed assets amotisation (Total III)

			31/12/2008		31/12/2007		31/12/2006
	Reserve for depreciation value at begin of period	QU	0	0%	22 087	0%	0
Increases		QV	0	0%	7 211	-70,7%	24 569
Decreases		QW	0	0%	2 441	-1,7%	2 482
	Decreasess by budget item transfer	QX	0	0%	26 858	21,6%	22 087

Movements during period affecting charge allocated over several period
Charges à répartir ou frais d'émission d'emprunt

			31/12/2008		31/12/2007		31/12/2006
	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

			31/12/2008		31/12/2007		31/12/2006
	Net value at begining 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)

			31/12/2008		31/12/2007		31/12/2006
	Value at begining of period	7C	0	0%	11 765	85,2%	6 354
Increases		UB	0	0%	2 460	-54,5%	5 411
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	14 225	20,9%	11 765

Includes Total allocations

Operating	UE	0	0%	2 460	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2008		31/12/2007		31/12/2006
	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)

			31/12/2008		31/12/2007		31/12/2006
	Value at begining of period	5Z	0	0%	11 765	85,2%	6 354
Increases		TV	0	0%	2 460	-54,5%	5 411
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	14 225	20,9%	11 765

Total Provision for depreciation (Total III)

			31/12/2008		31/12/2007		31/12/2006
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

State deadlines claims and debts at the end of period
State claims

		31/12/2008		31/12/2007		31/12/2006
Gross value	VT	0	0%	135 785	-76,4%	575 096
1 year at most	VU	0	0%	135 785	-76,4%	575 096
More than one year	VV	0	0%	0	0%	0

State of loans

		31/12/2008		31/12/2007		31/12/2006
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2008		31/12/2007		31/12/2006
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	640
Social Security and other social organizations	UZ	0	0%	96	0%	0
Income taxes	VM	0	0%	105 932	145,2%	43 200
Value added tax	VB	0	0%	6 365	12,4%	5 663
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	12 225	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	1 074	-99,7%	339 100

Prepaid

		31/12/2008		31/12/2007		31/12/2006
Prepaid	VS	0	0%	10 093	33,4%	7 566

State Debt

			31/12/2008		31/12/2007		31/12/2006
	Total debt (gross)	VY	0	0%	11 718 567	-4,1%	12 222 418
1 year at most		VZ2	0	0%	8 125 505	4,2%	7 801 082
More than 1 year and 5 years at most		VZ3	0	0%	3 593 062	3,3%	3 479 242
More than 5 years		VZ4	0	0%	0	0%	942 092

Details

			31/12/2008		31/12/2007		31/12/2006
	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%	2 688	0%	0
1 year at most		VG2	0	0%	2 688	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	4 427 274	-15,5%	5 236 998
1 year at most		VH2	0	0%	834 211	2,3%	815 663
More than 1 year and 5 years at most		VH3	0	0%	3 593 062	3,3%	3 479 242
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	0	0%	1 207 384	10,0%	1 097 245
1 year at most		8B2	0	0%	1 207 384	10,0%	1 097 245
More than 1 year and 5 years at most		8B3	0	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	29 708	-12,4%	33 918
1 year at most		8C2	0	0%	29 708	-12,4%	33 918
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	130 038	-39,2%	213 727
1 year at most		8D2	0	0%	130 038	-39,2%	213 727
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	200 346	475,0%	34 841
1 year at most		VW2	0	0%	200 346	475,0%	34 841
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	55 350	0%	0
1 year at most		VQ2	0	0%	55 350	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	5 664 021	1,1%	5 599 762
1 year at most		VI2	0	0%	5 664 021	1,1%	5 599 762
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	1 759	-70,3%	5 923
1 year at most		8K2	0	0%	1 759	-70,3%	5 923
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2008		31/12/2007		31/12/2006
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	802 036	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2008		31/12/2007		31/12/2006
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2008		31/12/2007		31/12/2006
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

		31/12/2008		31/12/2007		31/12/2006
Subcontracting	YT	0	0%	5 497	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	22 698	0%	0
Staff outside the company	YU	0	0%	15	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	49 274	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	198 593	0%	0
Total Other purchases and external	ZJ	0	0%	276 076	0%	0

Taxes and Fees

		31/12/2008		31/12/2007		31/12/2006
Business tax	YW	0	0%	37 791	0%	0
Other taxes and payments assimilated	9Z	0	0%	73 172	0%	0
Total taxes and fees	YX	0	0%	110 963	0%	0

VAT

		31/12/2008		31/12/2007		31/12/2006
Amount VAT collected	YY	0	0%	3 395 586	0%	0
Total VAT on goods and services	YZ	0	0%	2 826 752	0%	0

Average number of employees

		31/12/2008		31/12/2007		31/12/2006
Average number of employees	YP	21	0%	0	0%	22

Groups and Shareholders

		31/12/2008		31/12/2007		31/12/2006
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

Ratios

Structure and liquidity | Management or rotation | Profitability of the business | Return on capital

Structure and Liquidity

		31/12/2008		31/12/2007		31/12/2006	Avg sector 2008
Fixed Asset Financing		1,16	-3,3%	1,20	14,3%	1,05	-1165,15	100,1%
Global Debt		205 days	-16,0%	244 days	-14,1%	284 days	512,24 days	-60,0%
Working Capital Fund overall net		65 days	-11,0%	73 days	265,0%	20 days	93,13 days	-30,2%
Financial independence		346,49%	44,2%	240,29%	73,3%	138,69%	112530,55%	-99,7%
More ratios
Solvability		58,32%	22,6%	47,57%	27,7%	37,25%	-46,17%	226,3%
Capacity debt futures		%	-	1271,95%	42,8%	890,45%	152653,56%	-
Coverage of current assets by net working capital overall		67,61%	-1,4%	68,57%	78,5%	38,42%	-63,83%	205,9%
General Liquidity			-	0,02	-71,4%	0,07	1,37	-
Restricted Liquidity			-	0,53	231,2%	0,16	2,18	-

Management or rotation

		31/12/2008		31/12/2007		31/12/2006	Sector Average 2008
Need background in operating working capital		-1 days	92,3%	-13 days	-425,0%	4 days	-18,89 days	94,7%
Treasury		66 days	-23,3%	86 days	473,3%	15 days	83,43 days	-20,9%
Inventory turnover of goods		31 days	47,6%	21 days	-25,0%	28 days	203,32 days	-84,8%
Average length of credit granted to customers		0 days	0%	0 days	0%	4 days	93,71 days	0%
Average length of credit obtained suppliers		26 days	4,0%	25 days	-16,7%	30 days	139,36 days	-81,3%
More ratios
Inventory turnover of raw materials in industrial enterprises		days	-	days	-	0 days	106,04 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	-200,08 days	-
Rotation tangible assets		%	-	53100,04%	16,7%	45494,22%	8309,52%	-

Profitability of the business

		31/12/2008		31/12/2007		31/12/2006	Sector Average 2008
Margin trading		3,30%	-45,2%	6,02%	10,3%	5,46	3692187,52%	-100,0%
Profitability of the business		4,02	1,5%	3,96	24,9%	3,17	-23,21%	117,3%
Net profit		11,79%	-39,6%	19,52%	130,2%	8,48%	-7,73%	252,5%
More ratios
Growth rate of turnover (excluding VAT)		-9,59%	-180,7%	11,89%	0%	0%	47,69%	-120,1%
Rates integration		15,82%	10,0%	14,38%	-0,6%	14,46%	-0,79%	2102,5%
Rate leasing furniture		0%	0%	0%	0%	0%	0,16%	0%
Work Factor		70,26%	3,3%	67,99%	-7,3%	73,33%	74,22%	-5,3%
Weight interests		1,84	-7,1%	1,98%	5,9%	1,87%	3,16%	-41,8%

Return on capital

		31/12/2008		31/12/2007		31/12/2006	Sector Average 2008
Cash flow from the overall profitability		11,85%	-40,0%	19,75%	129,9%	8,59%	-5,48%	316,2%
Rates of economic profitability		3%	0%	3%	0%	3%	34,25%	-91,2%
Financial profitability		14,78%	-53,5%	31,77%	75,7%	18,08%	11,32%	30,6%
Return on investment		10,65%	-40,7%	17,96%	102,9%	8,85%	12,69%	-16,1%

Display parameter
Comparison mode	Average	Median

SIG

	31/12/2008		31/12/2007		31/12/2006	Sector Average 2008
Net Turnover	15 663 514 €	-9,6%	17 324 419 €	11,9%	15 483 958 €	3 156 158 €	396,3%
Margin trading	7,38%	10,3%	6,69%	9,1%	6,13%	-4296,60%	100,2%
Added Value	15,82 % CA	10,0%	14,38 % CA	-0,6%	14,46 % CA	-0,77 % CA	2154,5%
Personnel charges	11,12	13,7%	9,78	-7,7%	10,60	28,03	-60,3%
Distribution of wage / Added Value	70,26	3,3%	67,99	-7,3%	73,33	18,55	278,8%
Gross operating surplus (EBE)	4,02 % CA	1,5%	3,96 % CA	24,9%	3,17 % CA	-366,69 % CA	101,1%
Revenues	628 220 €	-3,8%	652 764 €	35,2%	482 969 €	133278,55 €	371,4%
Income from continuing operations before taxes (RCAI)	12,89 % CA	-36,2%	20,21 % CA	154,5%	7,94 % CA	-22,31 % CA	157,8%
Net income or loss	1 846 563 €	-45,4%	3 381 867 €	157,6%	1 313 031 €	71848,27 €	2470,1%
Profitability final	11,79 % CA	-39,6%	19,52 % CA	130,2%	8,48 % CA	-21,56 % CA	154,7%
Cash flow	1 855 424 €	-45,8%	3 420 813 €	157,2%	1 329 994 €	72123,27 €	2472,6%
Overall Profitability	11,85 % CA	-40,0%	19,75 % CA	129,9%	8,59 % CA	-5,82 % CA	303,6%

judgements

  Collective procedures | Preferential rights

Collective procedures

No judgment information for the company

Preferential rights

No preferential right collected for this company to date.

Group data

This company is not identified as one of the biggest french chip.

event history

Status history

Date	Description
04/01/2008	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
26/11/2006	Bodacc B	Modifications et mutations diverses
3137 - RCS Poitiers B 485 286 488. RC 05-B 675. CODIS INTERNATIONAL. Forme : S.A.S. Capital : 6 000 000 d'euros. Adresse du siège social : Z.I. de la Palue,, 86220 Administration : président : PETIT (Jean-Pierre, Henri, Gaston). Vice-présidents : PETIT (Dominique, François, Raymond) BULA (Serge) Mme GOUTENEGRE, née DUPONT (Chantal) DUPONT (Thierry, Jacques, Paul) DUPONT (Christian, Jacques, Paul). Directeurs généraux : PETIT (Dominique, François, Raymond) BULA (Serge) Mme GOUTENEGRE, née DUPONT (Chantal) DUPONT (Thierry, Jacques, Paul) DUPONT (Christian, Jacques, Paul). Commissaire aux comptes titulaire : STREGO. Nouveau commissaire aux comptes titulaire : GROUPE SULLY. Commissaire aux comptes suppléant : PELLE (Patrick, Christian). Nouveau commissaire aux comptes suppléant : Mme OZIOL (Bernadette). Etablissement principal - Activité : import-export, négoce, fabrication d'articles de confection et de bonneterie holding . Adresse : Z.I. de la Palue, 86220 Date d'effet : 24 juin 2006.
12/09/2006	Bodacc C	Avis de dépôt des comptes
5672 - RCS Poitiers B 485 286 488. RC 05-B 675. CODIS INTERNATIONAL. Forme: SAS . Adresse du siège social: Z.I. de la Palue,86220 Ingrandes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
19/05/2006	Bodacc B	Modifications et mutations diverses
2323 - Ancienne situation du siège social : RCS Poitiers B 485 286 488. RC 05-B 675. GROUPE CODIS. Forme : S.A.S. Capital : 6 000 000 d'euros. Adresse : Z.I. de la Palue, 86220 Nouvelle situation du siège social - Dénomination : CODIS INTERNATIONAL. Etablissement principal - Activité : import-export, négoce, fabrication d'articles de confection et de bonneterie holding . Adresse : Z.I. de la Palue, 86220 Date d'effet : 3 avril 2006.
14/05/2006	Bodacc B	Modifications et mutations diverses
1513 - RCS Poitiers B 485 286 488. RC 05-B 675. GROUPE CODIS. Forme : S.A.S. Capital : 6 000 000 d'euros. Adresse du siège social : Z.I. de la Palue,, 86220 Etablissement principal - Activité : holding import-export, négoce, fabrication d'articles de confection et de bonneterie . Adresse : Z.I. de la Palue, 86220 Etablissement principal - nouvelle situation - Activité : import-export, négoce, fabrication d'articles de confection et de bonneterie holding . Date d'effet : 23 février 2006.
20/12/2005	Bodacc A	Création d'établissement
1287 - RCS Poitiers B 485 286 488. A dater du : 1er décembre 2005. RC 05-B 675. GROUPE CODIS. Forme : S.A.S. Capital : 6 000 000 d'euros. Adresse du siège social : Z.I. de la Palue, 86220 Ingrandes. Administration : président : PETIT (Jean-Pierre, Henri, Gaston). Vice-présidents : PETIT (Dominique, François, Raymond) BULA (Serge) Mme GOUTENEGRE, née DUPONT (Chantal) DUPONT (Thierry, Jacques, Paul) DUPONT (Christian, Jacques, Paul). Directeurs généraux : PETIT (Dominique, François, Raymond) BULA (Serge) Mme GOUTENEGRE, née DUPONT (Chantal) DUPONT (Thierry, Jacques, Paul) DUPONT (Christian, Jacques, Paul). Commissaire aux comptes titulaire : STREGO. Commissaire aux comptes suppléant : PELLE (Patrick, Christian). Cette société se constitue . Etablissement principal - Activité : holding, import-export, négoce, fabrication d'articles de confection et de bonneterie. Adresse : Z.I. de la Palue, 86220 Ingrandes. Date de début d'activité : 22 novembre 2005.

Company events history

Date	Description
31/12/2008	New accounts available
31/12/2007	New accounts available
31/12/2006	New accounts available
10/11/2006	Appointment/resignation of company officers
10/11/2006	Private document
10/11/2006	Minutes of general meeting of shareholders
28/04/2006	Updated articles of association
28/04/2006	Minutes of general meeting of shareholders
28/04/2006	Private document
28/04/2006	New company name
31/12/2005	New accounts available
01/12/2005	Power of attorney
01/12/2005	Audit or Management Report
01/12/2005	Articles of association
01/12/2005	Minutes of general meeting of shareholders
01/12/2005	Appointment/resignation of company officers
01/12/2005	Private document
01/12/2005	Company formation

directors

Name	M. PETIT JEAN-PIERRE
Manager position	Président	Date of birth	31/05/1952
Place of birth	CHATELLERAULT
Type of manager	Individual	Name at birth of manager

Name	M. PETIT DOMINIQUE
Manager position	Vice-président, Directeur général	Date of birth	22/01/1954
Place of birth	CHATELLERAULT
Type of manager	Individual	Name at birth of manager

Name	M. BULA SERGE
Manager position	Vice-président, Directeur général	Date of birth	04/04/1955
Place of birth	ENGHIEN LES BAINS
Type of manager	Individual	Name at birth of manager

Name	MME. GOUTENEGRE CHANTAL
Manager position	Vice-président, Directeur général	Date of birth	07/02/1955
Place of birth	CASABLANCA MAROC
Type of manager	Individual	Name at birth of manager	DUPONT

Name	M. DUPONT THIERRY
Manager position	Vice-président, Directeur général	Date of birth	08/10/1953
Place of birth	CASABLANCA MAROC
Type of manager	Individual	Name at birth of manager

Name	M. DUPONT CHRISTIAN
Manager position	Vice-président, Directeur général	Date of birth	26/07/1952
Place of birth	CASABLANCA MAROC
Type of manager	Individual	Name at birth of manager

Previous Directors

Manager position

Title and name

Date of Birth/Place of Birth

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.46.02
UK Pound	1	Rs.73.21
Euro	1	Rs.60.70

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

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

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

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

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

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