MIRA INFORM REPORT

Report Date :

06.12.2011

IDENTIFICATION DETAILS

Correct Name :	SAS TERRIAL
Registered Office :	Sas Terrial, Centre D Affaires Odyssee, Dom De Cice Blossac 35170 Bruz
Country :	France
Financials (as on) :	31.12.2009
Date of Incorporation :	November 1996
Com. Reg. No.:	RCS Rennes 0 409 767 720
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesale Business of chemicals
No. of Employees :	9 Persons

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	170,000 €
Status :	Satisfactory
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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
France	a2	a2

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

REGISTERED NAME & COMPANY SUMMARY

Name

SAS TERRIAL

SIRET

409 767 720 00025

Activity (APE)	Commerce de gros (commerce interentreprises) de produits chimiques (4675Z) (Wholesale Business of chemicals)	Legal form	Simplified joint stock company
Phone		RCS Registration	RCS Rennes 0 409 767 720
Fax		Share capital	150,000 Euros
Address	SAS TERRIAL CENTRE D AFFAIRES ODYSSEE DOM DE CICE BLOSSAC 35170 BRUZ	Incorporated Date	11/1996
Nationality	France	Status	Economically active

Company details

	Activity (APE)	Commerce de gros (commerce interentreprises) de produits chimiques (4675Z) Wholesale Business of chemicals
	RCS Registration	RCS Rennes 0 409 767 720	Share capital	150,000 Euros
Registration Court	Rennes (35)	Legal form	Simplified joint stock company
Court Registry Number	20 0 5B018	EU VAT Number	FR56409767720
	Incorporation Date	11/1996	Formation Date	11/1996
	Deregistration Date		Last account Date	31/12/2009
	Nationality	France

CREDIT RECOMENDATION

Current Credit Limit: 170,000 €

DIRECTORS/MANAGEMENT

Current Directors

2

directors

Name	M. GUEHO YANNICK
Manager position	Président	Date of birth	20/02/1956
Place of birth	CASABLANCA (MAROC)(MAROC)
Type of manager	Individual	Name at birth of manager

Name	M. PEAN OLLIVIER
Manager position	Directeur général	Date of birth	08/06/1968
Place of birth	28 CHARTRES
Type of manager	Individual	Name at birth of manager

Previous Directors

Vous pouvez consulter ici l'historique des dirigeants de l'entreprise.
Si vous souhaitez consulter l'historique d'un dirigeant, il vous suffit de cliquer sur le lien voir le détail pour y accéder.

Manager position	Title and name	Date of Birth/Place of Birth
Président	M YANNICK GUEHO
Président	M PAUL-YVES L'ANTHOEN
Directeur général	M OLLIVIER PEAN
Directeur général	M OLLIVIER PEAN

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

   Social security, pension funds preferential rights | Tax office preferential rights

Preferential rights details and history

Status of collection

This company is not under monitoring

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

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

Linkages

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

FINANCIAL INFORMATION

Trading to Date		12/31/2009		12/31/2008		12/31/2007
Turnover		7,962,078 €		7,272,762 €		4,701,379 €
	Gross Operating Surplus		11,44 % Turnover		9,83 % Turnover		12,64 % Turnover
	Net worth		1,591,747 €		1,241,472 €		698,239 €
	Employees		6 to 9 employees		-		-

Trends
Profitability
Liquidity
Net worth

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2009	31/12/2008	31/12/2007
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	01/11/2010	-	-
Activity Code	4675Z	4675Z	4675Z
Employees	8	6	7

Active account

Annual Accounts	31/12/2009		31/12/2008		31/12/2007	Sector Median 2009
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	723	-40,8%	1 221	582,1%	179	56 188	-98,7%
- Intangible assets	541	-48,0%	1 040	0%	0	116	366,4%
- Tangible assets	01	0%	01	0%	01	17 743	-100,0%
- Financial assets	181	0,6%	180	1,1%	178	2 572	-93,0%
Net current assets	2 483 230	-9,8%	2 752 191	48,2%	1 857 477	576 297	330,9%
- Stocks	292 868	-44,1%	523 931	283,6%	136 600	69 493	321,4%
- Advanced payments	300	-9,8%	300	0%	300	0	0%
- Receivables	2 190 055	-1,2%	2 216 172	38,8%	1 596 278	308 532	609,8%
- Securities and cash	07	-99,9%	11 788	-90,5%	124 299	79 636	-100,0%
- Prepaid expenses	-	-	-	-	-	278,50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	2 483 951	-9,8%	2 753 411	48,2%	1 857 656	716 382	246,7%

Passive Account

Annual Accounts	31/12/2009		31/12/2008		31/12/2007	Sector Median 2009
Shareholders' equity	1 591 747	28,2%	1 241 472	77,8%	698 239	244 141	552,0%
Share capital	150 000	0%	150 000	0%	150 000	45 000	233,3%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	109 143	-11,5%	123 289	-31,8%	180 664	0	0%
Liabilities	783 061	-43,6%	1 388 650	41,9%	978 753	385 700	103,0%
- Financial liabilities	93 433	52,6%	61 216	0%	0	39 161	138,6%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	481 957	-57,6%	1 135 443	92,2%	590 642	158 562	204,0%
- Tax and social liabilities	196 432	7,3%	183 023	14,9%	159 353	78 661	149,7%
- Other debts and fixed assets liabilities	11 239	25,3%	8 968	-96,1%	228 758	6 451	74,2%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	2 483 951	-9,8%	2 753 411	48,2%	1 857 656	716 381	246,7%

Results

Annual Accounts	31/12/2009		31/12/2008		31/12/2007	Sector Median 2009
Sales of Goods	7 983 659	7,6%	7 418 779	56,4%	4 742 276	1 338 444	496,5%
Net turnover	7 962 078	9,5%	7 272 762	54,7%	4 701 379	1 299 801	512,6%
- of which net export turnover	0	0%	0	0%	0	0	0%
Operating charges	7 072 826	6,4%	6 644 320	60,1%	4 151 322	1 293 968	446,6%
Operating profit/loss	910 833	17,6%	774 459	31,1%	590 954	31 935	2752,1%
Financial income	27 314	-43,9%	48 715	21,2%	40 200	911	2898,2%
Financial charges	3 477	-47,8%	6 664	371,6%	1 413	3 959	-12,2%
Financial profit/loss	23 837	-43,3%	42 051	8,4%	38 787	-660	3711,7%
Pretax net operating income	934 670	14,5%	816 510	29,7%	629 741	29 098	3112,1%
Extraordinary income	4 000	0%	0	0%	105 235	717	457,9%
Extraordinary charges	0	0%	0	0%	103 643	500	0%
Extraordinary profit/loss	4 000	0%	0	0%	1 592	0	0%
Net result	622 275	14,6%	543 233	27,0%	427 594	25 669	2324,2%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2009	31/12/2008	31/12/2007
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2009		31/12/2008		31/12/2007
	Grand Total (I to VI)	Net	2 483 951	-9,8%	2 753 411	48,2%	1 857 656
	Gross	CO	2 560 345	-9,6%	2 832 242	46,2%	1 937 086
	Amortisation	1A	76 394	-3,1%	78 830	-0,8%	79 430

Non declared distributed capital (I)

		31/12/2009		31/12/2008		31/12/2007
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

			31/12/2009		31/12/2008		31/12/2007
	Total Active fixed asset (II)	Net	723	-40,8%	1 221	582,1%	179
	Gross	BJ	56 027	-25,4%	75 082	2,0%	73 581
	Amortisation	BK	55 304	-25,1%	73 861	0,6%	73 402

Intangilble fixed assets

			31/12/2009		31/12/2008		31/12/2007
	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	0	0%	0	0%	0
	Gross	AF	35 291	0%	35 291	0%	35 291
	Amortisation	AG	35 291	0%	35 291	0%	35 291
	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	541	-48,0%	1 040	0%	0
	Gross	AJ	1 499	0%	1 499	0%	0
	Amortisation	AK	958	108,7%	459	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 Assets		Net	541	-48,0%	1 040	0%	0

Tangilble fixed assets

			31/12/2009		31/12/2008		31/12/2007
	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	01	0%	01	0%	01
	Gross	AR	19 056	-50,0%	38 112	0%	38 112
	Amortisation	AS	19 055	-50,0%	38 111	0%	38 111
	Other tangible fixed assets	Net	0	0%	0	0%	0
	Gross	AT	0	0%	0	0%	0
	Amortisation	AU	0	0%	0	0%	0
	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	01		01		01

Financial assets

			31/12/2009		31/12/2008		31/12/2007
	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	64	1,6%	63	3,3%	61
	Gross	CU	64	1,6%	63	3,3%	61
	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
	Other financial assets	Net	117	0%	117	0%	117
	Gross	BH	117	0%	117	0%	117
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		181		180		178

Current Assets (III)

			31/12/2009		31/12/2008		31/12/2007
	Total Assets	Net	2 483 230	-9,8%	2 752 191	48,2%	1 857 477
	Gross	CJ	2 504 319	-9,2%	2 757 160	48,0%	1 863 505
	Amortisation	CK	21 089	324,4%	4 969	-17,6%	6 028

Stocks

			31/12/2009		31/12/2008		31/12/2007
	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	292 868	-44,1%	523 931	283,6%	136 600
	Gross	BT	304 827	-41,8%	523 931	283,6%	136 600
	Amortisation	BU	11 959	0%	0	0%	0
	Sub Total Stocks	Net	292 868	-44,1%	523 931	283,6%	136 600

Advance payments to suppliers

			31/12/2009		31/12/2008		31/12/2007
	Advance payments to suppliers	Net	300	0%	300	0%	300
	Gross	BV	300	0%	300	0%	300
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2009		31/12/2008		31/12/2007
	Trade accounts receivable	Net	367 625	-46,8%	690 555	20,4%	573 645
	Gross	BX	376 755	-45,8%	695 524	20,0%	579 673
	Amortisation	BY	9 130	83,7%	4 969	-17,6%	6 028
	Other debtors	Net	1 819 643	19,5%	1 522 077	49,2%	1 020 158
	Gross	BZ	1 819 643	19,5%	1 522 077	49,2%	1 020 158
	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	2 187 268	-1,1%	2 212 632	38,8%	1 593 803

Divers

			31/12/2009		31/12/2008		31/12/2007
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	07	-99,9%	11 788	-90,5%	124 299
	Gross	CF	07	-99,9%	11 788	-90,5%	124 299
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	07	-99,9%	11 788	-90,5%	124 299

Prepaid expenses

			31/12/2009		31/12/2008		31/12/2007
	Prepaid expenses	Net	2 787	-21,3%	3 540	43,0%	2 475
	Gross	CH	2 787	-21,3%	3 540	43,0%	2 475
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2009		31/12/2008		31/12/2007
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

		31/12/2009		31/12/2008		31/12/2007
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)

		31/12/2009		31/12/2008		31/12/2007
Grand Total (I to V)	EE	2 483 951	-9,8%	2 753 411	48,2%	1 857 656

Shareholder Equity (I)

			31/12/2009		31/12/2008		31/12/2007
	Total shareholders' equity (Total I)	DL	1 591 747	28,2%	1 241 472	77,8%	698 239
	Equity and shareholders' equity	DA	150 000	0%	150 000	0%	150 000
	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	15 000	0%	15 000	3,7%	14 460
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	2 449	0%	2 449	0%	2 449
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	802 023	51,1%	530 790	411,7%	103 736
	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%	0
	Profit or loss for the period	DI	622 275	14,6%	543 233	27,0%	427 594
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2009		31/12/2008		31/12/2007
	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)

			31/12/2009		31/12/2008		31/12/2007
	Total provisions for risks and charges (Total III)	DR	109 143	-11,5%	123 289	-31,8%	180 664
	Risk provisions	DP	103 880	-13,0%	119 455	73,6%	68 811
	Reserves for charges	DQ	5 263	37,3%	3 834	-96,6%	111 853

Liabilities (IV)

			31/12/2009		31/12/2008		31/12/2007
	Total Liabilities (Total IV)	EC	783 061	-43,6%	1 388 650	41,9%	978 753
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	51 645	0%	0	0%	0
	Sundry loans and financial liabilities	DV	41 788	-31,7%	61 216	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	481 957	-57,6%	1 135 443	92,2%	590 642
	Tax and social security liabilities	DY	196 432	7,3%	183 023	14,9%	159 353
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	11 239	25,3%	8 968	-96,1%	228 758

Translation loss (V)

		31/12/2009		31/12/2008		31/12/2007
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2009		31/12/2008		31/12/2007
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2009		31/12/2008		31/12/2007
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	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)

		31/12/2009		31/12/2008		31/12/2007
Operating result (Total I-II)	GG	910 833	17,6%	774 459	31,1%	590 954

2 - Financial result (V - VI)

		31/12/2009		31/12/2008		31/12/2007
Financial result (Total V-VI)	GV	23 837	-43,3%	42 051	8,4%	38 787

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

		31/12/2009		31/12/2008		31/12/2007
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	934 670	14,5%	816 510	29,7%	629 741

4 - Extraordinary result (VII-VIII)

		31/12/2009		31/12/2008		31/12/2007
Extraordinary result (Total VII-VIII)	HI	4 000	0%	0	0%	1 592

Profit or loss

		31/12/2009		31/12/2008		31/12/2007
Profit or loss	HN	622 275	14,6%	543 233	27,0%	427 594

Total Income (I+III+V+VII)

		31/12/2009		31/12/2008		31/12/2007
Total Income (I+III+V+VII)	HL	8 014 973	7,3%	7 467 494	52,8%	4 887 711

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

		31/12/2009		31/12/2008		31/12/2007
Total charges (Total II+IV+VI+VIII+IX+X)	HM	7 392 697	6,8%	6 924 261	55,2%	4 460 117

Operating income (I)

		31/12/2009		31/12/2008		31/12/2007
Total operating income (Total I)	FR	7 983 659	7,6%	7 418 779	56,4%	4 742 276

Operating income (details)

			31/12/2009		31/12/2008		31/12/2007
	Sale of goods for resale	FC	7 911 628	9,3%	7 241 198	59,3%	4 545 514
	France	FA	7 911 628	9,3%	7 241 198	59,3%	4 545 514
	Export	FB	0	0%	0	0%	0
	Sale of goods produced	FF	0	0%	-8 500	0%	0
	France	FD	0	0%	-8 500	0%	0
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	50 450	25,9%	40 064	-74,3%	155 865
	France	FG	50 450	25,9%	40 064	-74,3%	155 865
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	7 962 078	9,5%	7 272 762	54,7%	4 701 379
	France	FJ	7 962 078	9,5%	7 272 762	54,7%	4 701 379
	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	0	0%	0	0%	0
	Release of reserves and provisions	FP	21 476	-85,3%	146 010	257,6%	40 831
	Other income	FQ	105	1400%	07	-89,4%	66

Operating charges (II)

		31/12/2009		31/12/2008		31/12/2007
Total operating charges (Total II)	GF	7 072 826	6,4%	6 644 320	60,1%	4 151 322

Exploitation charges

		31/12/2009		31/12/2008		31/12/2007
Purchase of goods for resale	FS	3 680 761	-5,2%	3 880 634	109,0%	1 856 384
Change in stocks of goods for resale	FT	219 104	156,6%	-387 332	-320,4%	-92 140
Purchase of raw materials	FU	15 448	-3,9%	16 075	-2,5%	16 492
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	2 662 040	2,8%	2 589 656	35,5%	1 910 985
Tax, duty and similar payments	FX	47 698	-17,1%	57 533	25,5%	45 841
Payroll	FY	309 957	17,8%	263 096	-1,7%	267 548
Social security costs	FZ	116 164	-16,1%	138 383	35,6%	102 063

Depreciation

		31/12/2009		31/12/2008		31/12/2007
Depreciation of fixed assets	GA	500	8,9%	459	-96,7%	13 818
Amortisation of fixed assets	GB	0	0%	0	0%	23 880
Depreciation/amortisation of current assets	GC	19 721	454,1%	3 559	39,1%	2 559
Provisions for risks and charges	GD	1 429	-98,3%	82 223	0%	0

Other charges

		31/12/2009		31/12/2008		31/12/2007
Other charges	GE	04	-87,9%	33	-99,2%	3 892

Operating charges (III-IV)

		31/12/2009		31/12/2008		31/12/2007
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)

			31/12/2009		31/12/2008		31/12/2007
	Total financial income (Total V)	GP	27 314	-43,9%	48 715	21,2%	40 200
	Share financial income	GJ	02	0%	02	0%	02
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	24 182	-49,4%	47 835	22,7%	38 979
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	3 130	256,5%	878	-28,0%	1 219
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2009		31/12/2008		31/12/2007
	Total financial charge (Total VI)	GU	3 477	-47,8%	6 664	371,6%	1 413
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	3 477	-39,6%	5 760	307,6%	1 413
	Exchange losses	GS	0	0%	904	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/12/2009		31/12/2008		31/12/2007
	Total extraordinary income (Total VII)	HD	4 000	0%	0	0%	105 235
	Extraordinary operating income	HA	0	0%	0	0%	0
	Extraordinary income from capital transactions	HB	4 000	0%	0	0%	105 235
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2009		31/12/2008		31/12/2007
	Total extraordinary charges (Total VIII)	HH	0	0%	0	0%	103 643
	Extraordinary operating charges	HE	0	0%	0	0%	4 195
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	99 448
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2009		31/12/2008		31/12/2007
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2009		31/12/2008		31/12/2007
Tax on profits (Total X)	HK	316 394	15,8%	273 277	34,1%	203 739

References

		31/12/2009		31/12/2008		31/12/2007
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%	0	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)

			31/12/2009		31/12/2008		31/12/2007
	Gross value at begin of period	OG	0	0%	73 581	-84,1%	462 144
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	1 501	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	19 056	0%	0	0%	388 563
	Gross value at the end of period	OL	56 027	-25,4%	75 082	2,0%	73 581

Research and development Charge (Total I)

			31/12/2009		31/12/2008		31/12/2007
	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)

			31/12/2009		31/12/2008		31/12/2007
	Gross value at begin of period	KD	36 790	4,2%	35 291	0%	35 291
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	1 499	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	36 790	0%	36 790	4,2%	35 291

Tangible fixed assets (Total III)

			31/12/2009		31/12/2008		31/12/2007
	Gross value at begin of period	LN	38 112	0%	38 112	-91,1%	426 675
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	19 056	0%	0	0%	388 563
	Gross value at the end of period	NH	19 056	-50,0%	38 112	0%	38 112

Fiancial assets (Total IV)

			31/12/2009		31/12/2008		31/12/2007
	Gross value at begin of period	LQ	180	1,1%	178	0%	178
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	02	0%	02	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	182	1,1%	180	1,1%	178

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

			31/12/2009		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	0N	0	0%	73 402	-81,2%	389 858
Increases		0P	0	0%	459	0%	0
Decreasess		0Q	0	0%	0	0%	316 455
	Reserve for depreciation value at the end of period	0R	0	0%	73 861	0,6%	73 403

Research and development charge (Total I)

			31/12/2009		31/12/2008		31/12/2007
	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)

			31/12/2009		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	PE	35 750	1,3%	35 291	0%	35 291
Increases		PF	500	8,9%	459	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	36 250	1,4%	35 750	1,3%	35 291

Total fixed assets amotisation (Total III)

			31/12/2009		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	QU	38 111	0%	38 111	-89,3%	354 567
Increases		QV	0	0%	0	0%	0
Decreases		QW	19 056	0%	0	0%	316 455
	Decreasess by budget item transfer	QX	19 055	-50,0%	38 111	0,0%	38 112

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

			31/12/2009		31/12/2008		31/12/2007
	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

			31/12/2009		31/12/2008		31/12/2007
	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)

			31/12/2009		31/12/2008		31/12/2007
	Value at begining of period	7C	128 258	-31,3%	186 691	-7,1%	201 063
Increases		UB	21 150	-75,3%	85 782	224,5%	26 439
Decreases		UC	19 176	-86,7%	144 214	253,4%	40 811
	Value at the end of period	UD	130 232	1,5%	128 259	-31,3%	186 691

Includes Total allocations

Operating	UE	21 150	-75,3%	85 782	224,5%	26 439
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	19 176	-86,7%	144 215	253,4%	40 811
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2009		31/12/2008		31/12/2007
	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)

			31/12/2009		31/12/2008		31/12/2007
	Value at begining of period	5Z	123 289	-31,8%	180 664	-6,7%	193 739
Increases		TV	1 429	-98,3%	82 223	244,3%	23 880
Decreases		TW	15 575	-88,8%	139 597	277,7%	36 955
	Value at the end of period	TX	109 143	-11,5%	123 290	-31,8%	180 664

Total Provision for depreciation (Total III)

			31/12/2009		31/12/2008		31/12/2007
	Value at begining of period	7B	4 969	-17,6%	6 028	-17,7%	7 324
Increases		TY	19 721	454,1%	3 559	39,1%	2 559
Decreases		TZ	3 601	-22,0%	4 617	19,7%	3 856
	Value at the end of period	UA	21 089	324,4%	4 969	-17,6%	6 027

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

		31/12/2009		31/12/2008		31/12/2007
Gross value	VT	2 199 302	-1,0%	2 221 258	38,6%	1 602 423
1 year at most	VU	2 199 302	-1,0%	2 221 258	38,6%	1 602 423
More than one year	VV	0	0%	0	0%	0

State of loans

		31/12/2009		31/12/2008		31/12/2007
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	117	0%	117	0%	117
Other financial assets (1 year at most)	UV	117	0%	117	0%	117

Receivables statement of assets

		31/12/2009		31/12/2008		31/12/2007
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	376 755	-45,8%	695 524	20,0%	579 673
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%	0
Social Security and other social organizations	UZ	1 002	234,0%	300	4185,7%	07
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	67 114	-29,5%	95 251	18,8%	80 194
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	65	0%	65	0%	65
Group and Associates	VC	1 734 000	23,1%	1 409 000	70,0%	829 000
Accounts receivable (including claims relating to the operation of pension titles)	VR	17 462	0%	17 462	-84,3%	110 892

Prepaid

		31/12/2009		31/12/2008		31/12/2007
Prepaid	VS	2 787	-21,3%	3 540	43,0%	2 475

State Debt

			31/12/2009		31/12/2008		31/12/2007
	Total debt (gross)	VY	783 061	-43,6%	1 388 650	41,9%	978 753
1 year at most		VZ2	783 061	-43,6%	1 388 651	41,9%	978 753
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2009		31/12/2008		31/12/2007
	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	51 645	0%	0	0%	0
1 year at most		VG2	51 645	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	481 957	-57,6%	1 135 443	92,2%	590 642
1 year at most		8B2	481 957	-57,6%	1 135 443	92,2%	590 642
More than 1 year and 5 years at most		8B3	481 957	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	101 266	-6,8%	108 650	9,6%	99 092
1 year at most		8C2	101 266	-6,8%	108 650	9,6%	99 092
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	61 405	5,0%	58 482	19,1%	49 092
1 year at most		8D2	61 405	5,0%	58 482	19,1%	49 092
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
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	33 762	112,5%	15 891	42,3%	11 169
1 year at most		VQ2	33 762	112,4%	15 892	42,3%	11 169
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	41 788	-31,7%	61 216	-70,2%	205 768
1 year at most		VI2	41 788	-31,7%	61 216	-70,2%	205 768
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	11 239	25,3%	8 968	-61,0%	22 990
1 year at most		8K2	11 239	25,3%	8 968	-61,0%	22 990
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

		31/12/2009		31/12/2008		31/12/2007
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	152 449

Table allocation results and other information
Dividends distributed

		31/12/2009		31/12/2008		31/12/2007
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2009		31/12/2008		31/12/2007
Commitments leasing furniture	YQ	31 004	-30,9%	44 879	-16,2%	53 553
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

		31/12/2009		31/12/2008		31/12/2007
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

		31/12/2009		31/12/2008		31/12/2007
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

		31/12/2009		31/12/2008		31/12/2007
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

		31/12/2009		31/12/2008		31/12/2007
Average number of employees	YP	08	33,3%	06	-14,3%	07

Groups and Shareholders

		31/12/2009		31/12/2008		31/12/2007
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

		31/12/2009		31/12/2008		31/12/2007	Sector Median 2009
Fixed Asset Financing		33,01	65,2%	19,98	54,4%	12,94	2,66	1141,0%
Global Debt		35 days	-49,3%	69 days	-8,0%	75 days	96 days	-63,5%
Working Capital Fund overall net		81 days	14,1%	71 days	6,0%	67 days	67 days	20,9%
Financial independence		3082,09%	-	%	-	%	606,52%	408,2%
More ratios
Solvability		64,08%	42,1%	45,09%	20,0%	37,59%	40,97%	56,4%
Capacity debt futures		3082,09%	-	%	-	%	1584,02%	94,6%
Coverage of current assets by net working capital overall		71,70%	38,6%	51,74%	9,6%	47,22%	46,53%	54,1%
General Liquidity		2,81	75,6%	1,60	-2,4%	1,64	0,91	208,8%
Restricted Liquidity		2,81	74,5%	1,61	-8,5%	1,76	1,35	108,1%

Management or rotation

		31/12/2009		31/12/2008		31/12/2007	Sector Median 2009
Need background in operating working capital		81 days	15,7%	70 days	20,7%	58 days	34 days	138,2%
Treasury		0 days	0%	1 days	-90,0%	10 days	15 days	0%
Inventory turnover of goods		28 days	-48,1%	54 days	92,9%	28 days	38 days	-26,3%
Average length of credit granted to customers		17 days	-50,0%	34 days	-22,7%	44 days	66 days	-74,2%
Average length of credit obtained suppliers		26 days	-61,2%	67 days	15,5%	58 days	54 days	-51,9%
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	19083 days	-	days	883,50 days	-
Rotation tangible assets		41782,53%	119,0%	19082,60%	54,7%	12335,69%	1507,90%	2670,9%

Profitability of the business

		31/12/2009		31/12/2008		31/12/2007	Sector Median 2009
Margin trading		50,39%	-2,2%	51,53%	-12,9%	59,16	20,18%	149,7%
Profitability of the business		11,44	16,4%	9,83	-22,2%	12,64	4,12%	177,7%
Net profit		7,82%	4,7%	7,47%	-17,9%	9,10%	1,99%	293,0%
More ratios
Growth rate of turnover (excluding VAT)		9,48%	-82,7%	54,69%	72,0%	31,79%	-3,44%	375,6%
Rates integration		17,39%	7,7%	16,14%	-24,9%	21,48%	18,74%	-7,2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		30,77%	-10,1%	34,21%	-6,6%	36,61%	64,92%	-52,6%
Weight interests		0,04	-55,6%	0,09%	200%	0,03%	0,31%	-87,1%

Return on capital

		31/12/2009		31/12/2008		31/12/2007	Sector Median 2009
Cash flow from the overall profitability		7,53%	37,2%	5,49%	-38,4%	8,91%	2,74%	174,8%
Rates of economic profitability		54%	-1,8%	55%	-35,3%	85%	14,21%	280,0%
Financial profitability		1591747%	28,2%	1241472%	77,8%	698239%	242440%	556,6%
Return on investment		37,13%	-12,0%	42,21%	-31,3%	61,44%	10,28%	261,2%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2009		31/12/2008		31/12/2007	Sector Median 2009
Turnover	7 962 078	9,5%	7 272 762	54,7%	4 701 379	1 299 801 €	512,6%

Sales of goods	7 911 628	9,3%	7 241 198	59,3%	4 545 514
- Purchase of goods	3 680 761	-5,2%	3 880 634	109,0%	1 856 384
+/- Stock of goods variation	219 104	156,6%	-387 332	-320,4%	-92 140
Trading margin	4 011 763 €	7,0%	3 747 896 €	34,8%	2 781 270 €	250 953 €	1498,6%
	50,39 % CA	-2,2%	51,53 % CA	-12,9%	59,16 % CA	20,61 % CA	144,5%

Sale of goods produced	50 450	59,8%	31 564	-79,7%	155 865
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	50 450 €	59,8%	31 564 €	-79,7%	155 865 €	48 656 €	3,7%
	0,63 % CA	46,5%	0,43 % CA	-87,0%	3,32 % CA	2,87 % CA	-78,0%

Trading margin	4 011 763	7,0%	3 747 896	34,8%	2 781 270	250 953	1498,6%
+ Period Production	50 450	59,8%	31 564	-79,7%	155 865	48 656	3,7%
- Purchase of raw materials	15 448	-3,9%	16 075	-2,5%	16 492
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	2 662 040	2,8%	2 589 656	35,5%	1 910 985
Added value	1 384 725 €	18,0%	1 173 729 €	16,3%	1 009 658 €	263 117 €	426,3%
	17,39 % CA	7,7%	16,14 % CA	-24,9%	21,48 % CA	18,60 % CA	-6,5%

Added value	1 384 725 €	18,0%	1 173 729 €	16,3%	1 009 658 €	263 117 €	426,3%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	47 698	-17,1%	57 533	25,5%	45 841
- Personal charges	426 121	6,1%	401 479	8,6%	369 611
Gross operating surplus	910 906 €	27,4%	714 717 €	20,3%	594 206 €	39 892 €	2183,4%
	11,44 % CA	16,4%	9,83 % CA	-22,2%	12,64 % CA	4,06 % CA	181,8%

Gross operating surplus	910 906 €	27,4%	714 717 €	20,3%	594 206 €	39 892 €	2183,4%
+ Release of reserves and provisions	21 476	-85,3%	146 010	257,6%	40 831
+ Other operating income	105	1400%	07	-89,4%	66
- Depreciation/Amortisation	21 650	-74,9%	86 241	114,2%	40 257
- Other charges	04	-87,9%	33	-99,2%	3 892
Operating result	910 833 €	17,6%	774 460 €	31,1%	590 954 €	30 266 €	2909,4%
	11,44 % CA	16,4%	9,83 % CA	-22,2%	12,64 % CA	3,85 % CA	197,1%

Operating result	910 833 €	17,6%	774 460 €	31,1%	590 954 €	30 266 €	2909,4%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	27 314	-43,9%	48 715	21,2%	40 200
- Financial charges	3 477	-47,8%	6 664	371,6%	1 413
Pre-tax result	934 670 €	14,5%	816 511 €	29,7%	629 741 €	28 455 €	3184,7%
	11,74 % CA	4,5%	11,23 % CA	-16,1%	13,39 % CA	2,56 % CA	358,6%

Extraordinary income	4 000	0%	0	0%	105 235	717	457,9%
- Extraordinary charges	0	0%	0	0%	103 643
Extraordinary result	4 000 €	0%	0 €	0%	1 592 €	0 €	0%
	0,05 % CA	0%	0,00 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	934 670 €	14,5%	816 511 €	29,7%	629 741 €	28 455 €	3184,7%
Extraordinary result	4 000 €	0%	0 €	0%	1 592 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	316 394	15,8%	273 277	34,1%	203 739
Net result	622 276 €	14,6%	543 234 €	27,0%	427 594 €	24 967 €	2392,4%
	7,82 % CA	4,7%	7,47 % CA	-17,9%	9,10 % CA	1,95 % CA	301,0%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Establishment details

	Activity (APE)	Fabrication de produits azotés et d'engrais (2015Z)	Business Pages FT®
Postal Address	SAS TERRIAL CENTRE D AFFAIRES ODYSSEE DOM DE CICE BLOSSAC 35170 BRUZ	Trading Address	DOMAINE DE CICE BLOSSAC 35170 BRUZ
	Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	12/2005	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Ille-et-Vilaine (35)	Region	Bretagne
District	3	Area	47
City	BRUZ	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	2 branch entities in this company
Head office	> SAS TERRIAL <<<  - Wholesale Business of chemicals  in BRUZ  (35170)
Secondary establishments	>  SAS TERRIAL  - Wholesale Business of chemicals  in LIZIO  (56460)

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

6 to 9 employees

Company workforce

6 to 9 employees

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
15/10/2011	Bodacc C	Comptes annuels et rapports
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 409 - 409767720 RCS. TERRIAL. Forme : Société par actions simplifiée. Adresse : Centre d'Affaires Odyssée Z.A.C. Cice-Blossac 35170 Bruz. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
29/11/2010	Bodacc C	Comptes annuels et rapports
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 3925 - 409767720 RCS. TERRIAL. Forme : Société par actions simplifiée. Adresse : Centre d'Affaires Odyssée Z.A.C. Cice-Blossac 35170 Bruz. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
31/08/2009	Bodacc C	Comptes annuels et rapports
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 1975 - 409767720 RCS. TERRIAL. Forme : Société par actions simplifiée. Adresse : Centre d'Affaires Odyssée Z.A.C. Cice-Blossac 35170 Bruz. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
12/09/2008	Bodacc C	Comptes annuels et rapports
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 2919 - 409767720 RCS. TERRIAL. Forme : Société par actions simplifiée. Adresse : Centre d'Affaires Odyssée Z.A.C. Cice-Blossac 35170 Bruz. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
21/08/2008	Bodacc B	Modification et mutation diverse
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 651 - 409 767 720 RCS Rennes. TERRIAL. Forme : Société par actions simplifiée. Administration : Président de la société : GUEHO YannickDirecteur général : PEAN Ollivier. Commissaire aux comptes titulaire : CABINET COLIN-HENRIO. Commissaire aux comptes suppléant : OUEST CONSEIL AUDIT. Capital : 150000 EUR. Activité : Construction et fonctionnement d'une unité de fabrication d'amendements et d'engrais organo-mineraux, commercialisation de cette production en France et à l'étranger. Adresse de l’établissement principal : Centre d'Affaires Odyssée, Z.A.C. Cice-Blossac, 35170 Bruz. Adresse du siège social : Centre d'Affaires Odyssée, Z.A.C. Cice-Blossac, 35170 Bruz. Commentaires : Changement de commissaire aux comptes. Date de commencement de l’activité : 01/03/1997. Date d’effet : 30/06/2008.
20/11/2007	Bodacc C	Avis de dépôt des comptes
3478 - 409 767 720. RCS Rennes TERRIAL. Forme: Société par actions simplifiée. Adresse du siège social: Centre d'Affaires Odyssée Z.A.C. Cice-Blossac 35170 Bruz. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
03/12/2006	Bodacc B	Modifications et mutations diverses
0704 - RCS Rennes B 409 767 720. RC 05-B 1864. TERRIAL. Forme : S.A.S. Capital : 150 000 euros. Adresse du siège social : Z.A.C. Cice Blossac, centre d'affaires Odyssée,, 35170 Administration : ancien président : L'ANTHOEN (Paul). Nouveau président : GUEHO (Yannick). Directeur général : PEAN (Ollivier). Commissaire aux comptes titulaire : COLLIN HENRIO PICHON SIMON. Commissaire aux comptes suppléant : SOCIETE DE TRAVAUX FIDUCIAIRES ET COMPTABLES. Etablissement principal - Activité : construction, fonctionnement d'une unité de fabrication d'amendements et d'engrais organo-minéraux commercialisation de cette production, tant en France qu'à l'étranger . Adresse : Z.A.C. Cice Blossac, centre d'affaires Odyssée, 35170 Date d'effet : 6 septembre 2006.
12/09/2006	Bodacc C	Avis de dépôt des comptes
978 - RCS Rennes B 409 767 720. RC 05-B 1864. TERRIAL. Forme: SAS . Adresse du siège social: centre d'Affaires Odyssee Z.A.C. Cice-Blossac,35170 Bruz. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
21/04/2006	Bodacc B	Modifications et mutations diverses
1459 - RCS B 409 767 720. RC 96-B 377. S.A.S. TERRIAL. Forme : S.A.S. Adresse du siège social : centre d'affaires Odysée, Z.A.C. Cice Blossac,, 35170 Commentaires : modification survenue sur le capital (diminution et conversion en euros). Date d'effet : 29 juin 2001.
02/03/2006	Bodacc C	Avis de dépôt des comptes
1246 - RCS Vannes B 409 767 720. RC 96-B 377. SAS TERRIAL. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: centre d'Affaires Odysee - Z.A.C. Cice-Blossac,35170 Bruz. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
19/01/2006	Bodacc B	Modifications et mutations diverses
0640 - RCS B 409 767 720. A dater du : 27 décembre 2005. RC 05-B 1864. TERRIAL. Forme : S.A.S. Capital : 152 449 euros. Adresse du siège social : Z.A.C. Cice Blossac, centre d'affaires Odyssée, 35170 Bruz. Administration : directeur général : PEAN (Ollivier). Commissaire aux comptes titulaire : COLLIN HENRIO PICHON SIMON. Commissaire aux comptes suppléant : STE DE TRAVAUX FIDUCIAIRES ET COMPTABLES. Etablissement principal - Activité : construction, fonctionnement d'une unité de fabrication d'amendements et d'engrais organo-minéraux commercialisation de cette production, tant en France qu'à l'étranger . Adresse : Z.A.C. Cice Blossac, centre d'affaires Odyssée, 35170 Bruz. Commentaires : transfert du siège social. Ancienne adresse : La Croix-Martin, 56460 Lizio. Date d'effet : 7 décembre 2005.
14/04/2005	Bodacc B	Modifications et mutations diverses
1680 - RCS Vannes B 409 767 720. RC 96-B 377. S.A.S. TERRIAL. Forme : S.A.S. Adresse du siège social : La Croix Martin,, 56460 Commentaires : modification survenue sur l'administration. Administration : président : L'ANTHOEN (Paul, Yves) (Nom d'usage : L'ANTHOEN). Directeur général : PEAN (Ollivier, Michel, Emile) (Nom d'usage : PEAN). Commissaire aux comptes titulaire : STE COLLIN HENRIO PICHON SIMON. Commissaire aux comptes suppléant : STE DE TRAVAUX FIDUCIAIRES ET COMPTABLES. Date d'effet : 1er novembre 2004.
15/03/2005	Bodacc C	Avis de dépôt des comptes
3284 - RCS Vannes B 409 767 720. RC 96-B 377. SAS TERRIAL. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: la Croix Martin,56460 Lizio. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
23/12/2004	Bodacc B	Modifications et mutations diverses
RCS Vannes B 409767720 RC 96-B 377 S.A. S. TERRIAL. Forme : S.A.S. Adresse du siège social : La Croix-Martin, 56460 Lizio. Commentaires : modification survenue sur l'administration. Administration : président : POIRIER ( Loic, Bernard, Marie) ( Nom d'usage : POIRIER). Commissaire aux comptes titulaire : STE COLLIN HENRIO PICHON SIMON. Commissaire aux comptes suppléant : STE DE TRAVAUX FIDUCIAIRES ET COMPTABLES. Date d'effet : 28 juin 2002.
21/10/2001	Bodacc B	Modifications et mutations diverses
RCS Vannes B 409767720 RC 96-B 377 SOCIETE PAR ACTIONS SIMPLIFIEE TERRIAL. Forme : S.A.S. Capital : 1 000 000 de F. Adresse du siège social : La Croix Martin, Lizio, 56460 Sérent. Commentaires : modification survenue sur l'administration. Administration : président : VILLEMIN (Patrick, André, Lucien) ( Nom d'usage : VILLEMIN). Directeur général : POIRIER (Loic, Bernard, Marie) ( Nom d'usage : POIRIER). Commissaire aux comptes titulaire : STE COLLIN HENRIO PICHON SIMON. Commissaire aux comptes suppléant : STE DE TRAVAUX FIDUCIAIRES ET COMPTABLES. Date d'effet : 29 juin 2000.
05/07/1997	Bodacc B	Modifications et mutations diverses
RCS Vannes B 409767720 RC 96-B 377 S.A. S. TERRIAL. Forme : SOCIETE PAR ACTIONS SIMPLIFIEE. Capital : 1 000 000 F. Adresse du siège social : La Croix Martin, Lizio, 56460 Serent Etablissement principal: Activité : création d'un fonds de construction et fonctionnement d'une unité de fabrication d'amendement et engrais organo-minéraux. Adresse : La Croix-Martin, Lizio 56460 Serent Mise en activité de la société. Date d'effet : 1 e r mars 1997.

Company Events History

Date	Description
15/10/2011	Bodacc C : Deposit accounts notice
31/12/2010	Update of Company Activity
31/12/2010	Modification of Company Activity
29/11/2010	Bodacc C : Deposit accounts notice
18/08/2010	Amendment
18/08/2010	Updated articles of association
31/12/2009	New accounts available
31/08/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
12/09/2008	Bodacc C : Deposit accounts notice
21/08/2008	New Bodacc B ads detected
21/08/2008	Bodacc B: Various editing or changing
07/08/2008	Minutes of general meeting of shareholders
07/08/2008	Appointment/resignation of company officers
07/08/2008	Private document
07/08/2008	Changement de Commissaire aux Comptes
07/08/2008	New auditor
07/08/2008	Acte modificatif
07/08/2008	Amendment
31/12/2007	New accounts available
31/12/2006	New accounts available
17/10/2006	New manager
17/10/2006	Acte modificatif
17/10/2006	Appointment/resignation of company officers
17/10/2006	Changement de Président (PDG, PCA)
17/10/2006	Private document
17/10/2006	Minutes of general meeting of shareholders
02/08/2006	Reconstitution of net assets
02/08/2006	Minutes of general meeting of shareholders
02/08/2006	Private document
02/08/2006	Statuts mis à jour
02/08/2006	Updated articles of association
02/08/2006	Acte modificatif
02/08/2006	Reconstitution de l'Actif Net
24/03/2006	Statuts mis à jour
24/03/2006	Updated articles of association
24/03/2006	PV d'Assemblée
24/03/2006	Réduction de Capital
24/03/2006	Capital reduction
24/03/2006	Private document
24/03/2006	Continuation of business despite loss of equity
24/03/2006	Conversion of equity to euro
24/03/2006	Minutes of general meeting of shareholders
13/02/2006	Reconstitution de l'Actif Net
13/02/2006	Reconstitution of net assets
13/02/2006	Private document
13/02/2006	Minutes of general meeting of shareholders
31/12/2005	New accounts available
27/12/2005	Updated articles of association
27/12/2005	Immatriculation suite à transfert
27/12/2005	Registration after transfer
27/12/2005	Statuts mis à jour
27/12/2005	Private document
27/12/2005	Minutes of general meeting of shareholders
01/03/2005	Minutes of general meeting of shareholders
01/03/2005	Acte modificatif
01/03/2005	Appointment/resignation of company officers
01/03/2005	Acte sous seing privé
01/03/2005	PV d'Assemblée
01/03/2005	Nomination/démission des organes de gestion
01/03/2005	Private document
31/12/2004	New accounts available
06/12/2004	Acte modificatif
06/12/2004	Acte sous seing privé
06/12/2004	Private document
06/12/2004	Appointment/resignation of company officers
06/12/2004	Minutes of general meeting of shareholders
06/12/2004	Nomination/démission des organes de gestion
06/12/2004	PV d'Assemblée
31/12/2003	New accounts available
03/10/2001	Acte sous seing privé
03/10/2001	Statuts mis à jour
03/10/2001	PV d'Assemblée
03/10/2001	Acte modificatif
20/09/1999	Continuation malgré perte supérieure à la moitié du capital
20/09/1999	PV d'Assemblée
20/09/1999	Acte sous seing privé
20/11/1996	Formation de Société
20/11/1996	Acte sous seing privé
20/11/1996	Certificat de dépôt des fonds
20/11/1996	Statuts

Establishment Events History

Date	Description
09/11/2011	Update Rating
21/10/2011	Update Rating
31/12/2010	Modification of Head office
03/11/2010	Update Rating
03/11/2010	Update Limit
17/09/2010	Update Rating
13/08/2009	Update Rating
13/08/2009	Update Limit
28/08/2008	Update Limit
28/08/2008	Update Rating
03/07/2008	Update Rating
16/12/2007	Update Limit
07/12/2007	Update Limit
28/08/2007	Update Limit

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.39
UK Pound	1	Rs.80.20
Euro	1	Rs.68.92

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
----	NB	New Business	----

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.