MIRA INFORM REPORT

Report Date :

10.12.2011

IDENTIFICATION DETAILS

Name :	DOGG LABEL
Registered Office :	Le Temps Des Cerises 13 Rue Gustave Eiffel 13010 Marseille 10
Country :	France
Financials (as on) :	31.12.2010
Year of Establishment :	July 1997
Com. Reg. No.:	RCS Marseille B 413 108 127
Legal Form :	Simplified Joint Stock Company
Line of Business :	Manufacture of other wearing apparel and accessories
No. of Employees :	49

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 :	2,000,000 EUR
Status :	Good
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
France	A1	A1

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

DOGG LABEL

SIRET

413 108 127 00031

SUMMARY

Activity (APE)	Manufacture of other wearing apparel and accessories (1419Z)	Legal form	Simplified joint stock company
Phone	04 91 42 02 02	RCS Registration	RCS Marseille B 413 108 127
Fax		Share capital	3,000,000 Euros
Address	DOGG LABEL LE TEMPS DES CERISES 13 RUE GUSTAVE EIFFEL 13010 MARSEILLE 10	Incorporated Date	07/1997
Nationality	France	Status	Economically active

CREDIT RECOMENDATION

Current Credit Limit: 2,000,000 EUR

DIRECTORS/MANAGEMENT

directors

Name	M. RICHARDIERE LYLIAN
Manager position	Directeur général	Date of birth	30/10/1970
Place of birth	ARLES
Type of manager	Individual	Name at birth of manager

Name	M. RICHARDIERE GILBERT
Manager position	Président	Date of birth	02/10/1948
Place of birth	CAVAILLON
Type of manager	Individual	Name at birth of manager

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Président	M GILBERT RICHARDIERE
Gérant	M LYLIAN RICHARDIERE

NEGATIVE INFORMATION

No negative information found.

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Na

FINANCIAL INFORMATION

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	03/10/2011	11/08/2010	-
Activity Code	1419Z	1419Z	1419Z
Employees	49	35	41

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Average 2010
Capital not called	0	0%	0	0%	0	196,72	0%
Total fixed assets	9 991 191	1,8%	9 813 913	45,7%	6 737 663	333 837,59	2892,8%
- Intangible assets	695 281	1,2%	686 746	4,2%	658 866	137 648,58	405,1%
- Tangible assets	865 815	-11,8%	982 129	-3,6%	1 018 928	95 823,29	803,6%
- Financial assets	8 430 095	3,5%	8 145 038	61,0%	5 059 866	116 049,22	7164,2%
Net current assets	37 160 981	60,0%	23 228 399	-10,8%	26 043 513	1 259 661,01	2850,1%
- Stocks	17 393 132	77,0%	9 825 870	64,0%	5 991 071	482 641,83	3503,7%
- Advanced payments	0	60,0%	0	0%	0	3 547,96	0%
- Receivables	17 840 972	72,2%	10 359 808	-37,2%	16 483 639	562 793,50	3070,1%
- Securities and cash	1 926 878	-36,7%	3 042 721	-14,7%	3 568 800	210 299,92	816,3%
- Prepaid expenses	-	-	-	-	-	1 510,85	-
Accounts of regularization	0	0%	0	0%	0	510,46	0%
Total Assets	47 152 173	42,7%	33 042 312	0,8%	32 781 177	1 594 029,19	2858,0%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Average 2010
Shareholders' equity	25 427 580	16,0%	21 917 861	22,1%	17 951 275	543 427,36	4579,1%
Share capital	3 000 000	0%	3 000 000	0%	3 000 000	240 065,37	1149,7%
Other capital resources	0	0%	0	0%	0	1 046,29	0%
Risk Provisions	150 000	0%	0	0%	0	37 854,69	296,3%
Liabilities	21 574 593	93,9%	11 124 452	-25,0%	14 829 901	1 011 613,87	2032,7%
- Financial liabilities	3 762 734	1386,5%	253 131	-26,8%	345 843	323 652,19	1062,6%
- Advanced payments received	0	0%	0	0%	0	6 254,29	0%
- Trade account payables	15 807 595	55,7%	10 154 801	-24,1%	13 373 922	357 311,48	4324,0%
- Tax and social liabilities	1 746 805	214,4%	555 600	-42,5%	965 426	217 982,29	701,4%
- Other debts and fixed assets liabilities	257 459	60,0%	160 920	11,2%	144 709	160 423,78	60,5%
Account regularization	0	0%	0	0%	0	1 079,96	0%
Total liabilities	47 152 173	42,7%	33 042 312	0,8%	32 781 177	1 594 005,57	2858,1%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Average 2010
Sales of Goods	53 828 168	25,3%	42 964 434	-2,4%	44 040 316	2 416 608,92	2127,4%
Net turnover	53 664 671	25,6%	42 722 657	-0,1%	42 754 197	2 204 412,46	2334,4%
- of which net export turnover	7 548 670	72,6%	4 373 488	-35,6%	6 788 227	397 786,61	1797,7%
Operating charges	46 405 055	24,0%	37 420 641	3,6%	36 124 374	2 310 251,15	1908,7%
Operating profit/loss	7 423 113	33,9%	5 543 793	-30,0%	7 915 942	106 357,76	6879,4%
Financial income	72 713	2302,1%	3 027	-99,6%	816 418	11 448,20	535,1%
Financial charges	297 719	-26,7%	406 307	-34,4%	619 277	25 369,46	1073,5%
Financial profit/loss	-225 006	44,2%	-403 280	-304,6%	197 141	-13 921,25	-1516,3%
Pretax net operating income	7 198 107	40,0%	5 140 513	-36,6%	8 113 083	92 436,50	7687,1%
Extraordinary income	73 548	511,0%	12 037	398,0%	2 417	24 938,45	194,9%
Extraordinary charges	414 184	1269,2%	30 249	-99,2%	3 564 300	38 583,96	973,5%
Extraordinary profit/loss	-340 636	24862,3%	-18 212	99,5%	-3 561 882	-13 645,50	-2396,3%
Net result	4 509 719	13,7%	3 966 586	31,3%	3 020 594	50 230,02	8878,1%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2010	31/12/2009	31/12/2008
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2010		31/12/2009		31/12/2008
	Grand Total (I to VI)	Net	47 152 173	42,7%	33 042 312	0,8%	32 781 177
	Gross	CO	51 162 306	41,9%	36 056 111	3,0%	34 993 641
	Amortisation	1A	4 010 133	33,1%	3 013 799	36,2%	2 212 463

Non declared distributed capital (I)

		31/12/2010		31/12/2009		31/12/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

			31/12/2010		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	9 991 191	1,8%	9 813 913	45,7%	6 737 663
	Gross	BJ	10 642 860	3,0%	10 336 145	45,8%	7 090 972
	Amortisation	BK	651 669	24,8%	522 232	47,8%	353 309

Intangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	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	45 281	23,2%	36 746	314,5%	8 866
	Gross	AF	119 503	117,9%	54 840	240,8%	16 090
	Amortisation	AG	74 222	310,2%	18 094	150,5%	7 224
	Goodwill	Net	650 000	0%	650 000	0%	650 000
	Gross	AH	650 000	0%	650 000	0%	650 000
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	695 281	1,2%	686 746	4,2%	658 866

Tangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	443 695	-13,2%	511 444	-5,0%	538 084
	Gross	AP	677 487	0%	677 487	6,3%	637 140
	Amortisation	AQ	233 792	40,8%	166 043	67,6%	99 056
	Plant	Net	3 687	-62,6%	9 859	-35,6%	15 316
	Gross	AR	35 306	0%	35 306	4,2%	33 883
	Amortisation	AS	31 619	24,3%	25 447	37,1%	18 567
	Other tangible fixed assets	Net	418 433	-9,2%	460 826	-1,0%	465 528
	Gross	AT	730 469	-5,6%	773 474	11,5%	693 991
	Amortisation	AU	312 036	-0,2%	312 648	36,8%	228 463
	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	865 815		982 129		1 018 928

Financial assets

			31/12/2010		31/12/2009		31/12/2008
	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	8 316 365	428,1%	1 574 647	1,0%	1 559 234
	Gross	CU	8 316 365	428,1%	1 574 647	1,0%	1 559 234
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	6 532 781	88,6%	3 463 022
	Gross	BB	0	0%	6 532 781	88,6%	3 463 022
	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	113 730	202,4%	37 610	0%	37 610
	Gross	BH	113 730	202,4%	37 610	0%	37 610
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		8 430 095		8 145 038		5 059 866

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	37 160 981	60,0%	23 228 399	-10,8%	26 043 513
	Gross	CJ	40 519 445	57,5%	25 719 965	-7,8%	27 902 668
	Amortisation	CK	3 358 464	34,8%	2 491 566	34,0%	1 859 154

Stocks

			31/12/2010		31/12/2009		31/12/2008
	Raw materials	Net	337 644	-42,5%	587 489	-31,5%	857 233
	Gross	BL	413 107	-41,4%	705 041	-32,8%	1 049 523
	Amortisation	BM	75 463	-35,8%	117 552	-38,9%	192 290
	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%	5 133 838
	Gross	BR	0	0%	0	0%	5 510 568
	Amortisation	BS	0	0%	0	0%	376 730
	Goods for resale	Net	17 055 488	84,6%	9 238 381	0%	0
	Gross	BT	18 679 730	85,3%	10 082 000	0%	0
	Amortisation	BU	1 624 242	92,5%	843 619	0%	0
	Sub Total Stocks	Net	17 393 132	77,0%	9 825 870	64,0%	5 991 071

Advance payments to suppliers

			31/12/2010		31/12/2009		31/12/2008
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2010		31/12/2009		31/12/2008
	Trade accounts receivable	Net	13 253 820	40,9%	9 407 132	-29,2%	13 290 359
	Gross	BX	14 912 578	36,3%	10 937 527	-25,0%	14 580 493
	Amortisation	BY	1 658 759	8,4%	1 530 395	18,6%	1 290 134
	Other debtors	Net	4 587 152	381,5%	952 676	-70,2%	3 193 280
	Gross	BZ	4 587 152	381,5%	952 676	-70,2%	3 193 280
	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	17 840 972	72,2%	10 359 808	-37,2%	16 483 639

Divers

			31/12/2010		31/12/2009		31/12/2008
	Investment securities	Net	0	0%	216 125	0,0%	216 124
	Gross	CD	0	0%	216 125	0,0%	216 124
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	1 926 878	-31,8%	2 826 596	-15,7%	3 352 676
	Gross	CF	1 926 878	-31,8%	2 826 596	-15,7%	3 352 676
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	1 926 878	-36,7%	3 042 721	-14,7%	3 568 800

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	0	0%	0	0%	0
	Gross	CH	0	0%	0	0%	0
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2010		31/12/2009		31/12/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	-	-

References

		31/12/2010		31/12/2009		31/12/2008
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)

		31/12/2010		31/12/2009		31/12/2008
Grand Total (I to V)	EE	47 152 173	42,7%	33 042 312	0,8%	32 781 177

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	25 427 580	16,0%	21 917 861	22,1%	17 951 275
	Equity and shareholders' equity	DA	3 000 000	0%	3 000 000	0%	3 000 000
	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	300 000	0%	300 000	0%	300 000
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	25 952	0%	25 952	0,0%	25 951
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	17 591 909	20,3%	14 625 323	26,0%	11 604 728
	Profit or loss for the period	DI	4 509 719	13,7%	3 966 586	31,3%	3 020 594
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2010		31/12/2009		31/12/2008
	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)

			31/12/2010		31/12/2009		31/12/2008
	Total provisions for risks and charges (Total III)	DR	150 000	0%	0	0%	0
	Risk provisions	DP	150 000	0%	0	0%	0
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	21 574 593	93,9%	11 124 452	-25,0%	14 829 901
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	3 762 734	1386,5%	253 131	-19,1%	312 890
	Sundry loans and financial liabilities	DV	0	0%	0	0%	32 953
	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	15 807 595	55,7%	10 154 801	-24,1%	13 373 922
	Tax and social security liabilities	DY	1 746 805	214,4%	555 600	-42,5%	965 426
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	257 459	60,0%	160 920	11,2%	144 709

Translation loss (V)

		31/12/2010		31/12/2009		31/12/2008
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2010		31/12/2009		31/12/2008
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	14 606 189
Of which current bank facilities	EH	0	0%	0	0%	844

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)

		31/12/2010		31/12/2009		31/12/2008
Operating result (Total I-II)	GG	7 423 113	33,9%	5 543 793	-30,0%	7 915 942

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	-225 006	44,2%	-403 280	-304,6%	197 141

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

		31/12/2010		31/12/2009		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	7 198 107	40,0%	5 140 513	-36,6%	8 113 083

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-340 636	-1770,4%	-18 212	99,5%	-3 561 882

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	4 509 719	13,7%	3 966 586	31,3%	3 020 594

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	53 974 429	25,6%	42 979 498	-4,2%	44 859 152

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

		31/12/2010		31/12/2009		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	49 464 708	26,8%	39 012 913	-6,8%	41 838 558

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	53 828 168	25,3%	42 964 434	-2,4%	44 040 316

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	52 583 058	24,8%	42 129 573	123,4%	18 861 277
	France	FA	45 069 986	19,3%	37 786 238	123,8%	16 887 066
	Export	FB	7 513 072	73,0%	4 343 335	120,0%	1 974 211
	Sale of goods produced	FF	0	0%	0	0%	23 397 363
	France	FD	0	0%	0	0%	18 587 277
	Export	FE	0	0%	0	0%	4 810 086
	Sale of services	FI	1 081 613	82,4%	593 084	19,7%	495 556
	France	FG	1 046 015	85,8%	562 931	14,5%	491 625
	Export	FH	35 598	18,1%	30 153	667,3%	3 930
	Net turnover	FL	53 664 671	25,6%	42 722 657	-0,1%	42 754 197
	France	FJ	46 116 001	20,3%	38 349 169	6,6%	35 965 969
	Export	FK	7 548 670	72,6%	4 373 488	-35,6%	6 788 227
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	792	-74,5%	3 108
	Release of reserves and provisions	FP	142 287	-19,1%	175 944	-85,9%	1 244 470
	Other income	FQ	21 210	-67,4%	65 041	68,8%	38 540

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	46 405 055	24,0%	37 420 641	3,6%	36 124 374

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	36 746 723	37,7%	26 684 864	143,8%	10 944 732
Change in stocks of goods for resale	FT	-8 597 730	-88,1%	-4 571 431	-1313,1%	376 830
Purchase of raw materials	FU	365 299	25,6%	290 765	-85,9%	2 067 390
Change in stocks of raw materials	FV	291 934	-15,3%	344 482	-51,7%	713 785
Other external purchases and charges	FW	10 498 087	14,1%	9 198 977	-44,0%	16 425 576
Tax, duty and similar payments	FX	1 455 458	97,5%	737 093	44,6%	509 755
Payroll	FY	3 017 062	14,4%	2 637 733	-4,1%	2 749 503
Social security costs	FZ	1 260 925	12,8%	1 118 281	5,3%	1 061 841

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	210 437	25,0%	168 334	10,3%	152 601
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	923 104	28,2%	719 831	-32,7%	1 068 929
Provisions for risks and charges	GD	150 000	0%	0	0%	0

Other charges

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	83 756	-8,7%	91 712	71,7%	53 428

Operating charges (III-IV)

		31/12/2010		31/12/2009		31/12/2008
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)

			31/12/2010		31/12/2009		31/12/2008
	Total financial income (Total V)	GP	72 713	2302,1%	3 027	-99,6%	816 418
	Share financial income	GJ	41 150	0%	0	0%	121 965
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	59	0%	0	0%	0
	Released provisions and transferred charges	GM	0	0%	0	0%	485 830
	Exchange gains	GN	7 312	141,6%	3 027	-95,2%	62 892
	Net income from disposal of investment securities	GO	24 192	0%	0	0%	145 730

Financial Charge (VI)

			31/12/2010		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	297 719	-26,7%	406 307	-34,4%	619 277
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	297 719	-26,7%	406 307	-34,4%	619 277
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary income (Total VII)	HD	73 548	511,0%	12 037	398,0%	2 417
	Extraordinary operating income	HA	63 548	0%	0	0%	1 500
	Extraordinary income from capital transactions	HB	10 000	-16,9%	12 037	1212,6%	917
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	414 184	1269,2%	30 249	-99,2%	3 564 300
	Extraordinary operating charges	HE	114 184	522,4%	18 345	294,4%	4 651
	Extraordinary charges from capital transactions	HF	300 000	2420,2%	11 904	-99,7%	3 559 648
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2010		31/12/2009		31/12/2008
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	2 347 750	103,1%	1 155 716	-24,5%	1 530 607

References

		31/12/2010		31/12/2009		31/12/2008
Of which equipment leases	HP	0	0%	0	0%	187 745
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	179 421
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%	11 994

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)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	OG	0	0%	0	0%	6 880 240
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	3 577 899
	Decreasess by budget item transfer	OK1	0	0%	3 600	0%	0
	Decreasess by transfers	OK2	8 167 603	47,2%	5 547 177	64,7%	3 367 167
	Gross value at the end of period	OL	10 642 861	3,0%	10 336 147	45,8%	7 090 972

Research and development Charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	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)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	KD	704 840	5,8%	666 090	251,5%	189 520
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	64 663	66,9%	38 750	-92,2%	500 000
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	23 430
	Gross value at the end of period	LW	769 503	9,2%	704 840	5,8%	666 090

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	1 486 268	8,9%	1 365 015	6,6%	1 280 844
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	37 994	-69,6%	124 853	-75,6%	511 305
	Decreasess by budget item transfer	NG1	0	0%	3 600	0%	0
	Decreasess by transfers	NG2	81 000	0%	0	0%	427 134
	Gross value at the end of period	NH	1 443 262	-2,9%	1 486 268	8,9%	1 365 015

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	8 145 039	61,0%	5 059 867	-6,5%	5 409 876
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	8 371 660	-3,0%	8 632 349	236,3%	2 566 594
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	8 086 603	45,8%	5 547 177	90,2%	2 916 603
	Gross value at the end of period	NK	8 430 096	3,5%	8 145 039	61,0%	5 059 866

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

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	246 573
Increases		0P	0	0%	0	0%	152 600
Decreasess		0Q	0	0%	0	0%	45 865
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	353 308

Research and development charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	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)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	18 095	150,5%	7 224	28,7%	5 615
Increases		PF	56 128	416,3%	10 871	575,6%	1 609
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	74 223	310,2%	18 095	150,5%	7 224

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	504 140	45,7%	346 087	43,6%	240 958
Increases		QV	154 310	-2,4%	158 053	4,7%	150 991
Decreases		QW	81 000	0%	0	0%	45 865
	Decreasess by budget item transfer	QX	577 450	14,5%	504 140	45,7%	346 084

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

			31/12/2010		31/12/2009		31/12/2008
	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

			31/12/2010		31/12/2009		31/12/2008
	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)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7C	2 491 566	34,0%	1 859 154	0%	0
Increases		UB	1 073 104	49,1%	719 831	0%	0
Decreases		UC	56 207	-35,7%	87 419	0%	0
	Value at the end of period	UD	3 508 463	40,8%	2 491 566	0%	0

Includes Total allocations

Operating	UE	0	0%	719 831	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	1 073 104	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	87 419	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	56 207	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2010		31/12/2009		31/12/2008
	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)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	150 000	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	150 000	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7B	2 491 566	34,0%	1 859 154	0%	0
Increases		TY	923 104	28,2%	719 831	0%	0
Decreases		TZ	56 207	-35,7%	87 419	0%	0
	Value at the end of period	UA	3 358 463	34,8%	2 491 566	0%	0

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	19 613 460	6,2%	18 460 595	-13,2%	21 274 407
1 year at most	VU	19 613 460	65,0%	11 890 204	-33,1%	17 773 775
More than one year	VV	0	0%	6 570 391	87,7%	3 500 632

State of loans

		31/12/2010		31/12/2009		31/12/2008
Claims related to holdings (gross)	UL	0	0%	6 532 781	88,6%	3 463 022
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	113 730	202,4%	37 610	0%	37 610
Other financial assets (1 year at most)	UV	113 730	0%	0	0%	0

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	1 914 640	-8,8%	2 098 507	0%	0
Other claims customer	UX	12 997 938	47,1%	8 839 020	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	6 535	13,6%	5 755	0%	0
Social Security and other social organizations	UZ	8 301	-15,2%	9 793	0%	0
Income taxes	VM	0	0%	498 793	0%	0
Value added tax	VB	331 930	108,5%	159 210	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	42 257	0%	0
Group and Associates	VC	3 665 802	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	574 585	142,6%	236 868	0%	0

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	21 574 593	93,9%	11 124 452	-25,0%	14 829 900
1 year at most		VZ2	20 074 593	82,6%	10 993 500	-24,7%	14 606 188
More than 1 year and 5 years at most		VZ3	975 000	644,5%	130 952	-41,5%	223 712
More than 5 years		VZ4	525 000	0%	0	0%	0

Details

			31/12/2010		31/12/2009		31/12/2008
	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	2 131 782	7146,3%	29 419	3381,5%	845
1 year at most		VG2	2 131 782	7146,3%	29 419	3381,5%	845
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	1 630 952	629,0%	223 712	-28,3%	312 045
1 year at most		VH2	130 952	41,2%	92 760	5,0%	88 333
More than 1 year and 5 years at most		VH3	975 000	644,5%	130 952	-41,5%	223 712
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	32 953
1 year at most		8A2	0	0%	0	0%	32 953
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	15 807 595	55,7%	10 154 801	-24,1%	13 373 922
1 year at most		8B2	15 807 595	55,7%	10 154 801	-24,1%	13 373 922
More than 1 year and 5 years at most		8B3	15 807 595	55,7%	10 154 801	0%	0
	Personnel and associated accounts (gross)	8C1	333 414	246,7%	96 161	0%	0
1 year at most		8C2	333 414	246,7%	96 161	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	431 930	28,5%	336 034	-65,2%	965 426
1 year at most		8D2	431 930	28,5%	336 034	-65,2%	965 426
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	682 200	0%	0	0%	0
1 year at most		8E2	682 200	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	80 291	158,6%	31 047	0%	0
1 year at most		VW2	80 291	158,6%	31 047	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	218 970	137,1%	92 358	0%	0
1 year at most		VQ2	218 970	137,1%	92 358	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	165 928	0%	0	0%	0
1 year at most		VI2	165 928	0%	0	0%	0
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	91 532	-43,1%	160 920	11,2%	144 709
1 year at most		8K2	91 532	-43,1%	160 920	11,2%	144 709
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

		31/12/2010		31/12/2009		31/12/2008
Loans made during the period	VJ	1 516 943	0%	0	0%	0
Debt repaid during the period	VK	109 703	24,2%	88 333	5,0%	84 118

Table allocation results and other information
Dividends distributed

		31/12/2010		31/12/2009		31/12/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2010		31/12/2009		31/12/2008
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

		31/12/2010		31/12/2009		31/12/2008
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

		31/12/2010		31/12/2009		31/12/2008
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

		31/12/2010		31/12/2009		31/12/2008
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

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	49	40,0%	35	-14,6%	41

Groups and Shareholders

		31/12/2010		31/12/2009		31/12/2008
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

		31/12/2010		31/12/2009		31/12/2008	Avg sector 2010
Fixed Asset Financing		2,82	28,2%	2,20	-16,3%	2,63	4,66	-39,5%
Global Debt		145 days	54,3%	94 days	-24,8%	125 days	943,95 days	-84,6%
Working Capital Fund overall net		130 days	25,0%	104 days	7,2%	97 days	-130,19 days	199,9%
Financial independence		675,77%	-92,2%	8658,70%	50,9%	5737,25%	22784,92%	-97,0%
More ratios
Solvability		53,93%	-18,7%	66,33%	21,1%	54,76%	-13,86%	489,1%
Capacity debt futures		1123,75%	-93,7%	17939,14%	-10,9%	20129,71%	30099,93%	-96,3%
Coverage of current assets by net working capital overall		47,75%	0,2%	47,64%	15,9%	41,11%	4,86%	882,5%
General Liquidity		0,98	-9,3%	1,08	-11,5%	1,22	7,30	-86,6%
Restricted Liquidity		1,07	-21,3%	1,36	-6,8%	1,46	9,88	-89,2%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Average 2010
Need background in operating working capital		117 days	50,0%	78 days	16,4%	67 days	-206,29 days	156,7%
Treasury		13 days	-50,0%	26 days	-13,3%	30 days	52,87 days	-75,4%
Inventory turnover of goods		239 days	45,7%	164 days	0%	0 days	762,77 days	-68,7%
Average length of credit granted to customers		100 days	8,7%	92 days	-25,2%	123 days	49,81 days	100,8%
Average length of credit obtained suppliers		145 days	27,2%	114 days	-27,8%	158 days	73,51 days	97,3%
More ratios
Inventory turnover of raw materials in industrial enterprises		19 days	-65,5%	55 days	-40,9%	93 days	403,60 days	-95,3%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	3132 days	1721,52 days	-
Rotation tangible assets		3718,29%	29,4%	2874,49%	-8,2%	3132,14%	1961,36%	89,6%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Average 2010
Margin trading		45,53%	-2,8%	46,85%	165,6%	17,64	15,96%	185,3%
Profitability of the business		16,08	9,3%	14,71	-20,5%	18,50	-32,49%	149,5%
Net profit		8,40%	-9,5%	9,28%	31,3%	7,07%	-41,47%	120,3%
More ratios
Growth rate of turnover (excluding VAT)		25,61%	36685,7%	-0,07%	99,6%	-16,58%	15,91%	61,0%
Rates integration		26,76%	6,1%	25,22%	-11,8%	28,60%	10,62%	152,0%
Rate leasing furniture		0%	0%	0%	0%	0,44%	0,14%	0%
Work Factor		29,79%	-14,5%	34,86%	11,8%	31,17%	75,67%	-60,6%
Weight interests		0,55	-42,1%	0,95%	-34,5%	1,45%	2,36%	-76,7%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Average 2010
Cash flow from the overall profitability		9,23%	-2,5%	9,47%	-39,9%	15,75%	-30,26%	130,5%
Rates of economic profitability		30%	7,1%	28%	-34,9%	43%	-29,31%	202,4%
Financial profitability		25427580%	16,0%	21917861%	22,1%	17951275%	537001,17%	4635,1%
Return on investment		16,47%	-16,5%	19,72%	-0,9%	19,89%	-19,83%	183,1%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2009		31/12/2008	Sector Average 2010
Turnover	53 664 671	25,6%	42 722 657	-0,1%	42 754 197	2 204 412 €	2334,4%

Sales of goods	52 583 058	24,8%	42 129 573	123,4%	18 861 277
- Purchase of goods	36 746 723	37,7%	26 684 864	143,8%	10 944 732
+/- Stock of goods variation	-8 597 730	-88,1%	-4 571 431	-1313,1%	376 830
Trading margin	24 434 065 €	22,1%	20 016 140 €	165,5%	7 539 715 €	236823,64 €	10217,4%
	45,53 % CA	-2,8%	46,85 % CA	165,6%	17,64 % CA	17,59 % CA	158,8%

Sale of goods produced	1 081 613	82,4%	593 084	-97,5%	23 892 919
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	1 081 613 €	82,4%	593 084 €	-97,5%	23 892 919 €	1565964,83 €	-30,9%
	2,02 % CA	45,3%	1,39 % CA	-97,5%	55,88 % CA	74,40 % CA	-97,3%

Trading margin	24 434 065	22,1%	20 016 140	165,5%	7 539 715	236823,64	10217,4%
+ Period Production	1 081 613	82,4%	593 084	-97,5%	23 892 919	1565964,83	-30,9%
- Purchase of raw materials	365 299	25,6%	290 765	-85,9%	2 067 390
+/- Change in stocks of raw materiels	291 934	-15,3%	344 482	-51,7%	713 785
- Other external purchases and charges	10 498 087	14,1%	9 198 977	-44,0%	16 425 576
Added value	14 360 358 €	33,3%	10 775 000 €	-11,9%	12 225 883 €	656757,76 €	2086,6%
	26,76 % CA	6,1%	25,22 % CA	-11,8%	28,60 % CA	10,62 % CA	152,0%

Added value	14 360 358 €	33,3%	10 775 000 €	-11,9%	12 225 883 €	656757,76 €	2086,6%
+ Operating grants	0	0%	792	-74,5%	3 108
- Tax, duty and similar payments	1 455 458	97,5%	737 093	44,6%	509 755
- Personal charges	4 277 987	13,9%	3 756 014	-1,5%	3 811 344
Gross operating surplus	8 626 913 €	37,3%	6 282 685 €	-20,6%	7 907 892 €	132142,69 €	6428,5%
	16,08 % CA	9,3%	14,71 % CA	-20,5%	18,50 % CA	-32,49 % CA	149,5%

Gross operating surplus	8 626 913 €	37,3%	6 282 685 €	-20,6%	7 907 892 €	132142,69 €	6428,5%
+ Release of reserves and provisions	142 287	-19,1%	175 944	-85,9%	1 244 470
+ Other operating income	21 210	-67,4%	65 041	68,8%	38 540
- Depreciation/Amortisation	1 283 541	44,5%	888 165	-27,3%	1 221 530
- Other charges	83 756	-8,7%	91 712	71,7%	53 428
Operating result	7 423 113 €	33,9%	5 543 793 €	-30,0%	7 915 944 €	106357,86 €	6879,4%
	16,08 % CA	9,3%	14,71 % CA	-20,5%	18,50 % CA	-39,64 % CA	140,6%

Operating result	7 423 113 €	33,9%	5 543 793 €	-30,0%	7 915 944 €	106357,86 €	6879,4%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	72 713	2302,1%	3 027	-99,6%	816 418
- Financial charges	297 719	-26,7%	406 307	-34,4%	619 277
Pre-tax result	7 198 107 €	40,0%	5 140 513 €	-36,6%	8 113 085 €	92436,60 €	7687,1%
	13,41 % CA	11,5%	12,03 % CA	-36,6%	18,98 % CA	-40,30 % CA	133,3%

Extraordinary income	73 548	511,0%	12 037	398,0%	2 417	24938,45	194,9%
- Extraordinary charges	414 184	1269,2%	30 249	-99,2%	3 564 300
Extraordinary result	-340 636 €	-1770,4%	-18 212 €	99,5%	-3 561 883 €	-13645,50 €	-2396,3%
	-0,63 % CA	-1475,0%	-0,04 % CA	99,5%	-8 % CA	-1,18 % CA	46,6%

Pre-tax result	7 198 107 €	40,0%	5 140 513 €	-36,6%	8 113 085 €	92436,60 €	7687,1%
Extraordinary result	-340 636 €	-1770,4%	-18 212 €	99,5%	-3 561 883 €	-13645,50 €	-2396,3%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	2 347 750	103,1%	1 155 716	-24,5%	1 530 607
Net result	4 509 721 €	13,7%	3 966 585 €	31,3%	3 020 595 €	50230,43 €	8878,1%
	8,40 % CA	-9,5%	9,28 % CA	31,3%	7,07 % CA	-41,63 % CA	120,2%

JUDGEMENTS

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	03/10/2007
Status of Monitoring	No social security and tax office preferential right to date

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.

Consolidated Accounts

Active Account |  Passive Account |  Account Results |  Consolidation

Synthesized Accounts

Annual Accounts	31/12/2008	31/12/2006
Account period (month)	12	12
Account Type	Consolidated	Consolidated
Activity Code	1419Z	1419Z

Active account

Annual Accounts	31/12/2008		31/12/2006
Capital not called	0	0%	0
Total fixed assets	14 622 000	476,9%	2 534 514
- Intangible assets	8 419 000	558,4%	1 278 625
- Tangible assets	5 682 000	382,5%	1 177 589
- Financial assets	516 000	733,9%	61 880
Net current assets	25 229 000	21,7%	20 722 448
- Stocks	7 843 000	101,2%	3 898 488
- Advanced payments	15 000	-63,1%	40 632
- Receivables	12 561 000	188,5%	4 353 934
- Securities and cash	4 810 000	-61,3%	12 429 390
Accounts of regularization	0	0%	0
Total Assets	39 852 000	71,4%	23 256 962

Passive Account

Annual Accounts	31/12/2008		31/12/2006
Shareholders' equity	17 260 000	51,8%	11 369 869
Share capital	3 000 000	19579,9%	15 244
Other capital resources	0	0%	0
Risk Provisions	136 000	-67,6%	419 763
Liabilities	22 451 000	95,8%	11 467 701
- Financial liabilities	6 607 000	1808,5%	346 184
- Advanced payments received	5 000	0%	0
- Trade account payables	13 775 000	46,7%	9 389 201
- Tax and social liabilities	1 676 000	-2,4%	1 717 227
- Other debts and fixed assets liabilities	388 000	2471,9%	15 086
Account regularization	0	0%	0
Total liabilities	39 852 000	71,4%	23 256 962

Results

Annual Accounts	31/12/2008		31/12/2006
Sales of Goods	46 558 000	7,8%	43 171 803
Net turnover	45 255 000	8,1%	41 879 525
- of which net export turnover	6 890 000	0%	0
Operating charges	39 341 000	20,3%	32 706 363
Operating profit/loss	7 218 000	-31,0%	10 465 440
Financial income	208 000	85496,7%	243
Financial charges	744 000	-18,8%	916 692
Financial profit/loss	-536 000	41,5%	-916 449
Pretax net operating income	6 682 000	-30,0%	9 548 991
Extraordinary income	0	0%	157 625
Extraordinary charges	3 028 000	657,2%	399 913
Extraordinary profit/loss	-3 028 000	-1149,8%	-242 287

Consolidation

Annual Accounts	31/12/2008		31/12/2006
Net result before amortisation of goodwill	2 538 000	-59,2%	6 228 027
Goodwill amortisation allocation	6 000	0%	0
Net result of equity affiliates companies	0	0%	0
Net result of integrated companies	0	0%	0
Group result (consolidated net result)	2 532 000	-59,3%	6 228 027
Share of minority interest (Result except group)	4 000	895,2%	-503
Net result - group share (part of parent company)	2 528 000	-59,4%	6 228 529

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2008		31/12/2006
	Grand Total (I to VI)	Net	39 852 000	71,4%	23 256 962
	Gross	CO	42 603 000	80,8%	23 565 360
	Amortisation	1A	2 751 000	792,0%	308 398

Capital subscribed not called (I)

		31/12/2008		31/12/2006
Capital suscribed not called (I)	AA3	0	0%	0

Active fixed asset (II)

			31/12/2008		31/12/2006
	Total Active fixed asset (II)	Net	14 622 000	476,9%	2 534 514
	Gross	BJ	15 515 000	473,5%	2 705 191
	Amortisation	BK	893 000	423,2%	170 677

Intangilble fixed assets

			31/12/2008		31/12/2006
	Start-up cost	Net	0	0%	0
	Gross	AB	0	0%	0
	Amortisation	AC	0	0%	0
	R&D expenses	Net	0	0%	0
	Gross	CX	0	0%	0
	Amortisation	AE	0	0%	0
	Distributorships, patents	Net	0	0%	12 085
	Gross	AF	0	0%	16 090
	Amortisation	AG	0	0%	4 005
	Goodwill	Net	8 419 000	564,7%	1 266 540
	Gross	AH	8 437 000	566,1%	1 266 540
	Amortisation	AI	18 000	0%	0
	Other intangible fixed assets	Net	0	0%	0
	Gross	AJ	0	0%	0
	Amortisation	AK	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0
	Gross	AL	0	0%	0
	Amortisation	AM	0	0%	0

Tangilble fixed assets

			31/12/2008		31/12/2006
	Acquisition difference	Net	4 000	-75,6%	16 418
	Gross	A11	18 000	-2,5%	18 470
	Amortisation	A12	18 000	-2,5%	18 470
	Goodwill	Net	0	0%	0
	Gross	A21	0	0%	0
	Amortisation	A22	0	0%	0
	Difference from the first consolidation	Net	0	0%	0
	Gross	A31	0	0%	0
	Amortisation	A32	0	0%	0
	Lands	Net	0	0%	0
	Gross	AN	0	0%	0
	Amortisation	AO	0	0%	0
	Buildings	Net	3 189 000	413,8%	620 671
	Gross	AP	3 550 000	432,4%	666 738
	Amortisation	AQ	361 000	683,6%	46 067
	Plant	Net	15 000	-48,0%	28 870
	Gross	AR	34 000	0,3%	33 883
	Amortisation	AS	19 000	279,0%	5 013
	Other tangible fixed assets	Net	2 459 000	365,7%	528 048
	Gross	AT	2 941 000	358,4%	641 587
	Amortisation	AU	482 000	324,5%	113 539
	Fixed assets in construction	Net	19 000	0%	0
	Gross	AV	19 000	0%	0
	Amortisation	AW	0	0%	0
	Advances and payments on account	Net	0	0%	0
	Gross	AX	0	0%	0
	Amortisation	AY	0	0%	0

Financial assets

			31/12/2008		31/12/2006
	Associates at equity	Net	0	0%	0
	Gross	CS	0	0%	0
	Amortisation	CT	0	0%	0
	Other participations	Net	0	0%	0
	Gross	CU	0	0%	0
	Amortisation	CV	0	0%	0
	Inter-company receivables	Net	0	0%	0
	Gross	BB	0	0%	0
	Amortisation	BC	0	0%	0
	Other investment securities	Net	0	0%	0
	Gross	BD	0	0%	0
	Amortisation	BE	0	0%	0
	Loans	Net	0	0%	0
	Gross	BF	0	0%	0
	Amortisation	BG	0	0%	0
	Other financial assets	Net	516 000	733,9%	61 880
	Gross	BH	516 000	733,9%	61 880
	Amortisation	BI	0	0%	0
	Other financial assets	Net	0	0%	0
	Gross	A41	0	0%	0
	Amortisation	A42	0	0%	0

Current Assets (III)

			31/12/2008		31/12/2006
	Total Assets	Net	25 229 000	21,7%	20 722 448
	Gross	CJ	27 088 000	29,9%	20 860 169
	Amortisation	CK	1 859 000	1249,8%	137 720

Stocks

			31/12/2008		31/12/2006
	Raw materials	Net	0	0%	962 303
	Gross	BL	0	0%	962 303
	Amortisation	BM	0	0%	0
	Work in progress (goods)	Net	0	0%	0
	Gross	BN	0	0%	0
	Amortisation	BO	0	0%	0
	Work in progress (services)	Net	0	0%	0
	Gross	BP	0	0%	0
	Amortisation	BQ	0	0%	0
	Semi-finished and finished products	Net	0	0%	2 936 185
	Gross	BR	0	0%	2 946 432
	Amortisation	BS	0	0%	10 247
	Goods for resale	Net	7 843 000	0%	0
	Gross	BT	8 412 000	0%	0
	Amortisation	BU	569 000	0%	0

Advance payments to suppliers

			31/12/2008		31/12/2006
	Advance payments to suppliers	Net	15 000	-63,1%	40 632
	Gross	BV	15 000	-63,1%	40 632
	Amortisation	BW	0	0%	0

Debtors

			31/12/2008		31/12/2006
	Trade accounts receivable	Net	7 022 000	74,6%	4 020 846
	Gross	BX	8 312 000	100,4%	4 148 319
	Amortisation	BY	1 290 000	912,0%	127 473
	Other debtors	Net	4 907 000	1806,0%	257 456
	Gross	BZ	4 907 000	1806,0%	257 456
	Amortisation	CA	0	0%	0
	Capital subscribed and called up	Net	0	0%	0
	Gross	CB	0	0%	0
	Amortisation	CC	0	0%	0

Divers

			31/12/2008		31/12/2006
	Investment securities	Net	216 000	-88,8%	1 932 569
	Gross	CD	216 000	-88,8%	1 932 569
	Amortisation	CE	0	0%	0
	Cash and cash equivalents	Net	4 594 000	-56,2%	10 496 821
	Gross	CF	4 594 000	-56,2%	10 496 821
	Amortisation	CG	0	0%	0

Prepaid expenses

			31/12/2008		31/12/2006
	Prepaid expenses	Net	632 000	735,6%	75 632
	Gross	CH	632 000	735,6%	75 632
	Amortisation	CI	0	0%	0

Equalization accounts (IV to VI)

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

References

		31/12/2008		31/12/2006
Due within one year	CP	0	0%	0
Due after one year	CR	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		31/12/2006
Grand Total (I to IV)	EE	39 852 000	71,4%	23 256 962

Shareholder Equity (I)

			31/12/2008		31/12/2006
	Total shareholders' equity (Total I)	DL	17 260 000	51,8%	11 369 869
	Equity and shareholders' equity	DA	3 000 000	19579,9%	15 244
	Issue and merger premiums	DB	0	0%	0
	Revaluation differentials	DC	0	0%	0
	Of which equity differential	EK	0	0%	0
	Legal reserve	DD	0	0%	1 524
	Statutory or contractual reserve	DE	0	0%	0
	Special regulated reserves	DF	0	0%	0
	Other reserves	DG	11 732 000	30029,2%	38 939
	Profits or losses brought forward	DH	0	0%	5 085 630
	Conversion differences	P1	0	0%	0
	Net result - group part	P2	2 528 000	-59,4%	6 228 529
	Investment grants	DJ	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0

Other capital resources (II)

			31/12/2008		31/12/2006
	Total other capital resources (Total II)	DO	0	0%	0
	Income from participating securities	DM	0	0%	0
	Conditional loans	DN	0	0%	0
	Others	P3	0	0%	0

Provisions for risks and charges (III)

			31/12/2008		31/12/2006
	Total provisions for risks and charges (Total III)	DR	136 000	-67,6%	419 763
	Conversion differences	P4	0	0%	0
	In reserves	P5	1 000	663,4%	131
	In results	P6	4 000	895,2%	-503
	Total III	P7	5 000	1447,7%	-371
	Delayed tax	P8	0	0%	0
	Acquisition differences	P9	0	0%	0
	Risk provisions	DP	20 000	0%	0
	Reserves for charges	DQ	116 000	-72,4%	419 763

Liabilities (IV)

			31/12/2008		31/12/2006
	Total Liabilities (Total IV)	EC	22 451 000	95,8%	11 467 701
	Convertible debentures	DS	0	0%	0
	Other debentures	DT	0	0%	0
	Bank loans and liabilities	DU	6 574 000	2209,0%	284 713
	Sundry loans and financial liabilities	DV	33 000	-46,3%	61 471
	Of which participating loans	EI	0	0%	0
	Advance payments received for current orders	DW	5 000	0%	0
	Trade accounts payables	DX	13 775 000	46,7%	9 389 201
	Tax and social security liabilities	DY	1 676 000	-2,4%	1 717 227
	Fixed asset liabilities	DZ	323 000	0%	0
	Other debts	EA	65 000	330,9%	15 086

Translation loss (V)

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

Equalization accounts

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

References

		31/12/2008		31/12/2006
Of which tax-allowable reserve	EF	0	0%	0
Deferred income and liabilities	EG	0	0%	0
Of which current bank facilities	EH	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2008		31/12/2006
Operating result (Total I-II)	GG	7 218 000	-31,0%	10 465 440

2 - Financial result (V - VI)

		31/12/2008		31/12/2006
Financial result (Total V-VI)	GV	-536 000	41,5%	-916 449

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

		31/12/2008		31/12/2006
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	6 682 000	-30,0%	9 548 991

4 - Extraordinary result (VII-VIII)

		31/12/2008		31/12/2006
Extraordinary result (Total VII-VIII)	HI	-3 028 000	-1149,8%	-242 287

Consolidation

		31/12/2008		31/12/2006
Delayed tax	R1	-515 000	0%	0
Net result before amortisation of acquisition differences	R2	2 538 000	-59,2%	6 228 027
Endowment to amortisation of acquisition differences	R3	6 000	0%	0
Net result of companies set in equivalence	R4	0	0%	0
Net result of integrated companies	R5	0	0%	0
Group result (consolidated net result)	R6	2 532 000	-59,3%	6 228 027
Cross-reference : equipment leasing	R7	4 000	895,2%	-503
Cross-reference : property leasing	R8	2 528 000	-59,4%	6 228 529

Operating income (I)

		31/12/2008		31/12/2006
Total operating income (Total I)	FR	46 558 000	7,8%	43 171 803

Operating income (details)

			31/12/2008		31/12/2006
	Sale of goods for resale	FC	0	0%	0
	France	FA	0	0%	0
	Export	FB	0	0%	0
	Sale of goods produced	FF	0	0%	0
	France	FD	0	0%	0
	Export	FE	0	0%	0
	Sale of services	FI	45 255 000	8,1%	41 879 525
	France	FG	38 365 000	-8,4%	41 879 525
	Export	FH	6 890 000	0%	0
	Net turnover	FL	45 255 000	8,1%	41 879 525
	France	FJ	38 365 000	-8,4%	41 879 525
	Export	FK	6 890 000	0%	0
	Stocked production	FM	0	0%	1 170 454
	Self-constructed assets	FN	0	0%	0
	Operating grants	FO	0	0%	6 493
	Release of reserves and provisions	FP	1 065 000	0%	0
	Other income	FQ	238 000	106,4%	115 330

Operating charges (II)

		31/12/2008		31/12/2006
Total operating charges (Total II)	GF	39 341 000	20,3%	32 706 363

Exploitation charges

		31/12/2008		31/12/2006
Purchase of goods for resale	FS	22 801 000	0%	0
Change in stocks of goods for resale	FT	0	0%	0
Purchase of raw materials	FU	0	0%	24 687 398
Change in stocks of raw materials	FV	0	0%	-688 833
Other external purchases and charges	FW	8 488 000	66,9%	5 084 171
Tax, duty and similar payments	FX	616 000	52,3%	404 431
Payroll	FY	4 303 000	102,9%	2 120 640
Social security costs	FZ	1 526 000	86,5%	818 266

Depreciation

		31/12/2008		31/12/2006
Depreciation of fixed assets	GA	1 552 000	540,5%	242 318
Amortisation of fixed assets	GB	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0
Provisions for risks and charges	GD	0	0%	0

Other charges

		31/12/2008		31/12/2006
Other charges	GE	54 000	42,2%	37 969

Operating charges (III-IV)

		31/12/2008		31/12/2006
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0

Financial income (V)

			31/12/2008		31/12/2006
	Total financial income (Total V)	GP	208 000	85496,7%	243
	Share financial income	GJ	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0
	Other interest and similar income	GL	0	0%	243
	Released provisions and transferred charges	GM	0	0%	0
	Exchange gains	GN	63 000	0%	0
	Net income from disposal of investment securities	GO	145 000	0%	0

Financial Charge (VI)

			31/12/2008		31/12/2006
	Total financial charge (Total VI)	GU	744 000	-18,8%	916 692
	Financial reserves and provisions	GQ	0	0%	0
	Interest and similar charges	GR	744 000	-18,8%	916 692
	Exchange losses	GS	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0

Financial Charge (VII)

			31/12/2008		31/12/2006
	Total extraordinary income (Total VII)	HD	0	0%	157 625
	Extraordinary operating income	HA	0	0%	59 420
	Extraordinary income from capital transactions	HB	0	0%	98 205
	Released provisions and transferred charges	HC	0	0%	0

Extraordinary charges (VIII)

			31/12/2008		31/12/2006
	Total extraordinary charges (Total VIII)	HH	3 028 000	657,2%	399 913
	Extraordinary operating charges	HE	3 028 000	749,5%	356 453
	Extraordinary charges from capital transactions	HF	0	0%	43 460
	Extraordinary reserves and provisions	HG	0	0%	0

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2008		31/12/2006
Tax on profits (Total X)	HK	1 631 000	-47,0%	3 078 677

References

		31/12/2008		31/12/2006
Of which equipment leases	HP	0	0%	0
Of which property leases	HQ	0	0%	0

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

Structure and Liquidity

		31/12/2008		31/12/2006
Fixed Asset Financing		1,60	-64,8%	4,55
Global Debt		178,60 days	81,2%	98,58 days
Working Capital Fund overall net		74,63 days	-9,6%	82,53 days
Financial independence		262,55%	-93,4%	3993,45%
More ratios
Solvability		43,31%	-11,4%	48,89%

Management or rotation

		31/12/2008		31/12/2006
Need background in operating working capital		31,37 days	225,7%	-24,96 days
Treasury		38,26 days	-64,2%	106,84 days
Inventory turnover of goods		132,82 days	0%	0 days
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	14,03 days
Inventory turnover of intermediate and finished products in the industrial enterprise		0 days	0%	0 days

Profitability of the business

		31/12/2008		31/12/2006
Margin trading		-50,38%	0%	0%
Profitability of the business		16,62	-34,5%	25,38
More ratios
Rates integration		30,86%	-7,5%	33,35%
Rate leasing furniture		0%	0%	0%
Weight interests		1,64	-25,1%	2,19%

Return on capital

		31/12/2008		31/12/2006
Rates of economic profitability		31,51%	-65,3%	90,73%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

company details

Company details

Activity (APE)	Fabrication d'autres vêtements et accessoires (1419Z)
RCS Registration	RCS Marseille B 413 108 127	Share capital	3,000,000 Euros
Registration Court	Marseille (13)	Legal form	Simplified joint stock company
Court Registry Number	97 B 01508	EU VAT Number	FR13413108127
Incorporation Date	07/1997	Formation Date	07/1997
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Establishment details

Activity (APE)	Fabrication d'autres vêtements et accessoires (1419Z)	Business Pages FT®	VETEMENT HOMME DAME GRO
Postal Address	DOGG LABEL LE TEMPS DES CERISES 13 RUE GUSTAVE EIFFEL 13010 MARSEILLE 10	Trading Address	13 RUE GUSTAVE EIFFEL 13010 MARSEILLE 10
Telephone	04 91 42 02 02
Fax

Type	Head office	Status	Economically active
Formation Date	03/2005	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Other	Activity Location	Other
Location surface		Seasonality

Department	Bouches-du-Rhône (13)	Region	Côte d'Azur
District	3	Area	99
City	MARSEILLE 10	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	1 branch entities in this company
Head office	> DOGG LABEL <<<  - Fabrication d'autres vêtements et accessoires (1419Z)  in MARSEILLE 10  (13010)
Secondary establishments	>  DOGG LABEL  - Commerce de gros d'habillement (514C)  in MARSEILLE 1  (13001) >  DOGG LABEL  - Fabrication d'autres vêtements et accessoires (1419Z)  in ROMANS SUR ISERE  (26100) >  DOGG LABEL  - Fabrication d'autres vêtements et accessoires (1419Z)  in BORDEAUX  (33300) >  DOGG LABEL  - Commerce de gros d'habillement (514C)  in MARSEILLE 6  (13006)

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

20 to 49 employees

Company workforce

20 to 49 employees

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
17/10/2011	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 1285 - 413108127 RCS. DOGG LABEL. Forme : Société par actions simplifiée. Adresse : 13 rue Gustave Eiffel 13010 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
07/09/2010	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 1861 - 413108127 RCS. DOGG LABEL. Forme : Société par actions simplifiée. Adresse : 13 rue Gustave Eiffel 13010 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
10/11/2009	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 162 - 413 108 127 RCS Marseille. DOGG LABEL. Forme : Société par actions simplifiée. Activité : conception, fabrication, l'achat la vente la distribution et l'import-export de tous types de vêtements chaussures et accessoires. Commentaires : Modification de l'activité. Date de commencement de l’activité : 01/07/1997.
10/09/2009	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 718 - 413108127 RCS. DOGG LABEL. Forme : Société par actions simplifiée. Adresse : 13 rue Gustave Eiffel 13010 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
24/10/2008	Bodacc A	Vente et cession : Vendeur
26 - DROME GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS 185 - 501 505 002 RCS Romans. INDIGO GALLERY. Forme : Société par Actions Simplifiée. Adresse : 13 rue Gustave Eiffel, 13010 Marseille. Origine du fonds : Etablissement secondaire acquis par apport au montant évalué à 899988 EUR. Etablissement : Etablissement secondaire. Activité : Vente de prêt à porter, accessoires et tous articles de mode et d'habillement. Adresse : 60 avenue Gambetta, - Centre Commercial Marques Avenues Phase II, 26100 Romans-sur-Isère. Précédent propriétaire : DOGG LABEL. 413 108 127 RCS Marseille. Date de commencement de l’activité : 01/07/2008. Publication légale : L'ECHO ET LE VALENTINOIS du 27/09/2008. Déclarations des créances : Greffe du Tribunal de Commerce de Romans. Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
21/10/2008	Bodacc A	Vente et cession : Vendeur
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 279 - 501 505 002 RCS Bordeaux. INDIGO GALLERY. Forme : Société par actions simplifiée unipersonnelle. Capital : 37000 EUR. Adresse : 13 rue Gustave Eiffel, 13010 Marseille. Origine du fonds : Apport d'un fonds de commerce. Etablissement : Etablissement principal. Activité : prêt à porter, accessoires et tous articles de mode et d'habillement. Adresse : quai des Marques, Hangar 16, Local 8, Bacalan 33300 Bordeaux. Précédent propriétaire : DOGG LABEL. 413 108 127 RCS Marseille. Publication légale : Les échos judiciaires girondins du 26/09/2008. Déclarations des créances : Déclaration de créances au Greffe de Tribunal de Commerce de Bordeaux. Descriptif : Autre achat, apport, attribution : Ventes et Cessions personne morale avec fonds acquis par apport au montant évalué de 802900 Euros. Commentaires : Autre achat, apport, attribution.
12/09/2008	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 938 - 413108127 RCS. DOGG LABEL. Forme : Société par actions simplifiée. Adresse : 13 rue Gustave Eiffel 13010 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
17/01/2008	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 138 - 413 108 127 RCS Marseille. DOGG LABEL. Forme : Société par actions simplifiée. Enseigne : LE TEMPS DES CERISES. Capital : 3000000 EUR. Commentaires : Modification du capital.
02/12/2007	Bodacc C	Avis de dépôt des comptes
1146 - 413 108 127. RCS Marseille DOGG LABEL. Forme: Société par actions simplifiée. Adresse du siège social: 13 rue Gustave Eiffel 13010 Marseille. Comptes consolidés et rapport de l'exercice clos le: 31 décembre 2006.
26/10/2007	Bodacc C	Avis de dépôt des comptes
1601 - 413 108 127. RCS Marseille DOGG LABEL. Forme: Société par actions simplifiée. Adresse du siège social: 13 rue Gustave Eiffel 13010 Marseille. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
19/10/2007	Bodacc B	Modifications et mutations diverses
335 - RCS Marseille B 413 108 127. RC 97-B 1508. DOGG LABEL. Forme : S.A.S. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes suppléant partant : CAULET (Gilbert). Nomination d'un co-commissaire aux comptes suppléant : CAULET (Sylvie). Nomination d'un co-commissaire aux comptes titulaire : AUDIT EXPERTISE COMPTABLE ET CONSEIL GILBERT CAULET. Nomination d'un commissaire aux comptes suppléant : COMMISSAIRES EXPERTS S.A.
05/08/2007	Bodacc B	Modifications et mutations diverses
210 - RCS Marseille B 413 108 127. RC 97-B 1508. DOGG LABEL. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique, le nom commercial et l'administration. Administration : modification d'un directeur général : RICHARDIERE (Lylian, Gill). Nomination du président : RICHARDIERE (Gilbert). Etablissement principal - Nom commercial : Le Temps des Cerises. Adresse : 13 rue Gustave-Eiffel, 13010
08/07/2007	Bodacc B	Modifications et mutations diverses
164 - RCS Marseille B 413 108 127. RC 97-B 1508. DOGG LABEL. Forme : S.A.R.L. Capital : 37 000 euros. Commentaires : modification survenue sur le capital (augmentation).
27/08/2006	Bodacc C	Avis de dépôt des comptes
1407 - RCS Marseille B 413 108 127. RC 97-B 1508. DOGG LABEL. Forme: S.A.R.L.. Adresse du siège social: 13, rue Gustave Eiffel,13010 Marseille. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
20/08/2005	Bodacc C	Avis de dépôt des comptes
380 - RCS Marseille B 413 108 127. RC 97-B 1508. DOGG LABEL. Forme: S.A.R.L.. Adresse du siège social: 13, rue Gustave Eiffel,13010 Marseille. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
20/05/2005	Bodacc B	Modifications et mutations diverses
235 - RCS Marseille B 413 108 127. RC 97-B 1508. DOGG LABEL. Forme : S.A.R.L. Adresse du siège social : 13 rue Gustave-Eiffel,, 13010 Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal. Etablissement principal - Adresse : 13 rue Gustave-Eiffel, 13010
19/08/2004	Bodacc B	Modifications et mutations diverses
RCS Marseille B 413108127 RC 97-B 1508 DOGG LABEL. Forme : S.A.R.L. Commentaires : modification survenue sur l' administration. Administration : nomination d'un commissaire aux comptes suppléant : CAULET (Gilbert). Nomination d'un commissaire aux comptes titulaire : D'ORTOLI (Paul).
09/02/2003	Bodacc B	Modifications et mutations diverses
RCS Marseille B 413108127 RC 97-B 1508 DOGG LABEL. Forme : S.A.R.L. Adresse du siège social : 55 cours Julien, 13006 Marseille. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : 55 cours Julien, 13006 Marseille.
09/08/1997	Bodacc A	Création d'établissement
RCS Marseille B 413 108 127 RC 97-B 1508 DOGG LABEL. Forme : S.A.R.L. Capital : 100 000 F. Activité : achat, vente, distribution, import-export de tous types de vetements, de chaussures et d' accessoires. Adresse du siège social : 139 boulevard Longchamp 13001 Marseille. Administration : gérant : RICHARDIERE ( Lylian, Gill) Cette société se constitue Date de début d'activité: 1er juillet 1997.

Company events history

Date	Description
17/10/2011	Bodacc C : Deposit accounts notice
05/10/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
07/09/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
10/11/2009	Bodacc B: Various editing or changing
10/09/2009	Bodacc C : Deposit accounts notice
06/08/2009	Modification of Company Activity
06/08/2009	Update of Company Activity
06/08/2009	Change to corporate purpose
06/08/2009	Updated articles of association
06/08/2009	Minutes of general meeting of shareholders
06/08/2009	Private document
31/12/2008	New accounts available
31/12/2008	New consolidated accounts available
24/11/2008	Amendment
24/11/2008	Private document
24/10/2008	Bodacc A : Sale and transfer
24/10/2008	New Bodacc A ads detected
21/10/2008	Bodacc A : Sale and transfer
21/10/2008	New Bodacc A ads detected
12/09/2008	Bodacc C : Deposit accounts notice
17/01/2008	New Bodacc B ads detected
17/01/2008	Bodacc B: Various editing or changing
31/12/2007	New accounts available
24/12/2007	Minutes of general meeting of shareholders
24/12/2007	Capital increase
24/12/2007	Other modification of Establishment
24/12/2007	Updated articles of association
24/12/2007	Private document
17/12/2007	Other modification of Establishment
03/10/2007	Collection of preferential rights activated for this company
20/09/2007	New auditor
20/09/2007	Minutes of general meeting of shareholders
20/09/2007	Appointment/resignation of company officers
20/09/2007	Private document
20/09/2007	Updated articles of association
13/07/2007	Private document
13/07/2007	Appointment/resignation of company officers
13/07/2007	New legal form – no new category
13/07/2007	Updated articles of association
13/07/2007	Minutes of general meeting of shareholders
02/07/2007	Update of Company Legal Form
02/07/2007	Other modification of Establishment (error correction)
18/06/2007	Audit or Management Report
18/06/2007	Private document
15/06/2007	Capital increase
15/06/2007	Private document
15/06/2007	Updated articles of association
15/06/2007	Minutes of general meeting of shareholders
31/12/2006	New accounts available
31/12/2006	New consolidated accounts available
31/12/2005	New accounts available
18/04/2005	Acte sous seing privé
18/04/2005	Private document
18/04/2005	Updated articles of association
18/04/2005	Statuts mis à jour
18/04/2005	Minutes of general meeting of shareholders
18/04/2005	PV d'Assemblée
18/04/2005	Transfert du Siège dans le ressort du Tribunal de Commerce
18/04/2005	Registered office transferred inside jurisdiction of the Commercial Court
31/12/2004	New accounts available
30/07/2004	PV d'Assemblée
30/07/2004	Acte sous seing privé
30/07/2004	Minutes of general meeting of shareholders
30/07/2004	Private document
30/07/2004	Appointment/resignation of company officers
30/07/2004	New auditor
30/07/2004	Changement de Commissaire aux Comptes
30/07/2004	Nomination/démission des organes de gestion
31/12/2003	New accounts available
24/10/2003	Acte sous seing privé
24/10/2003	Statuts mis à jour
24/10/2003	PV d'Assemblée
24/10/2003	Cession de parts
23/01/2003	Acte sous seing privé
23/01/2003	Transfert du Siège dans le ressort du Tribunal de Commerce
23/01/2003	PV d'Assemblée
23/01/2003	Statuts mis à jour
22/07/1997	Formation de Société
22/07/1997	Statuts
22/07/1997	Nomination/démission des organes de gestion
22/07/1997	Acte sous seing privé

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.28
UK Pound	1	Rs.81.55
Euro	1	Rs.69.60

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.