MIRA INFORM REPORT

Report Date :

21.12.2011

IDENTIFICATION DETAILS

Name :	MAGELLAN SAS
Registered Office :	Magellan Sas, Le Palais D'hiver, 149 Bd La Bataille De Stalingrad, 69100 Villeurbanne
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	April 2000
Com. Reg. No.:	RCS Lyon 0 430 159 947
Legal Form :	Simplified Joint Stock Company
Line of Business :	Computer Programming
No. of Employees :	09 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 :	150,000 €
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^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

MAGELLAN SAS

SIRET

430 159 947 00042

Activity (APE)	Programmation informatique (6201Z) (Computer Programming (6201Z))	Legal form	Simplified joint stock company
Phone	04 37 51 11 11	RCS Registration	RCS Lyon 0 430 159 947
Fax		Share capital	7,500,000 Euros
Address	MAGELLAN SAS LE PALAIS D'HIVER 149 BD LA BATAILLE DE STALINGRAD 69100 VILLEURBANNE	Incorporated Date	04/2000
Nationality	France	Status	Economically active
Correspondence address	10 Impasse Du Grand Jardin F-35400 Saint Malo, France

Company details
	Activity (APE)	Programmation informatique (6201Z)
	RCS Registration	RCS Lyon 0 430 159 947	Share capital	7,500,000 Euros
	Registration Court	Lyon (69)	Legal form	Simplified joint stock company
	Court Registry Number	20 0 0B011	EU VAT Number	FR01430159947
	Incorporation Date	04/2000	Formation Date	04/2000
	Deregistration Date		Last account Date	31/12/2010
	Nationality	France

Establishment details
	Activity (APE)	Programmation informatique (6201Z)	Business Pages FT®
	Postal Address	MAGELLAN SAS LE PALAIS D'HIVER 149 BD LA BATAILLE DE STALINGRAD 69100 VILLEURBANNE	Trading Address	149 BOULEVARD LA BATAILLE DE STALINGRAD 69100 VILLEURBANNE
	Telephone	04 37 51 11 11
	Fax

CREDIT RECOMENDATION

Current Credit Limit: 150,000 €

DIRECTORS/MANAGEMENT

Current Directors

2

directors

Name	M. WILLMANN FRANCK ALAIN
Manager position	Président	Date of birth	12/01/1973
Place of birth	LYON(69)
Type of manager	Individual	Name at birth of manager

Name	M. MICHON JEAN-PIERRE
Manager position	Directeur général	Date of birth	05/04/1968
Place of birth	MOULINS(03)
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 FRANCK WILLMANN
Président du conseil d'administration	M FRANCK WILLMANN
Directeur général	M JEAN-PIERRE MICHON
Directeur général	M FRANCK WILLMANN
Directeur général délégué	M JEAN-PIERRE MICHON
Administrateur	M FRANCK MICHON
Administrateur	M JEAN MICHON
Administrateur	M ALAIN WILLMANN

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

Share capital

7,500,000 Euros

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	12/31/2010	12/31/2009	12/31/2008
Turnover	2,536,282 €	1,983,976 €	3,390,801 €
Gross Operating Surplus	31,19 % Turnover	3,57 % Turnover	15,45 % Turnover
Net worth	8,139,097 €	7,719,709 €	7,785,927 €
Employees	6 to 9 employees	-	-

Annual Accounts	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	15/09/2011	25/10/2010	09/02/2010
Activity Code	6201Z	6201Z	6201Z
Employees	0	0	22

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	5 962 116	1,9%	5 850 632	5,8%	5 532 315	5 884	101227,6%
- Intangible assets	5 645 639	2,0%	5 532 971	5,9%	5 222 824	0	0%
- Tangible assets	13 482	-8,1%	14 668	125,8%	6 497	1 795,50	650,9%
- Financial assets	302 992	0%	302 992	0%	302 992	30	1009873,3%
Net current assets	3 763 141	-13,4%	4 346 128	15,1%	3 776 580	67 582,50	5468,2%
- Stocks	0	0%	0	0%	0	0	0%
- Advanced payments	0	-13,4%	0	0%	0	0	0%
- Receivables	2 794 162	-26,5%	3 803 460	24,8%	3 046 536	28 356,50	9753,7%
- Securities and cash	968 977	78,6%	542 666	-25,7%	730 043	20 910,50	4533,9%
- Prepaid expenses	-	-	-	-	-	13,50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	9 725 257	-4,6%	10 196 761	9,5%	9 308 896	84 623,50	11392,4%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	8 139 097	5,4%	7 719 709	-0,9%	7 785 927	30 244	26811,4%
Share capital	7 500 000	0%	7 500 000	0%	7 500 000	8 000	93650,0%
Other capital resources	0	0%	45 000	-50,0%	90 000	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1 586 160	-34,8%	2 432 051	69,7%	1 432 966	44 697	3448,7%
- Financial liabilities	351	-99,8%	144 063	-59,6%	356 899	1 599,50	-78,1%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	870 335	-44,1%	1 557 404	366,2%	334 097	4 937,50	17527,0%
- Tax and social liabilities	557 943	16,7%	478 075	-18,0%	582 981	27 979,50	1894,1%
- Other debts and fixed assets liabilities	106 743	-46,5%	199 450	93,8%	102 898	2 092	5002,4%
Account regularization	50 787	-4,3%	53 058	-5,4%	56 091	0	0%
Total liabilities	9 725 257	-4,6%	10 196 761	9,5%	9 308 893	84 562	11400,7%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Sales of Goods	3 085 393	22,4%	2 521 241	-28,6%	3 529 666	109 792	2710,2%
Net turnover	2 536 282	27,8%	1 983 976	-41,5%	3 390 801	99 609	2446,2%
- of which net export turnover	0	0%	672 845	0%	0	0	0%
Operating charges	2 994 243	1,7%	2 944 859	-17,3%	3 559 488	101 869,50	2839,3%
Operating profit/loss	91 150	121,5%	-423 617	-1320,5%	-29 822	4 261	2039,2%
Financial income	12 795	1417,8%	843	-96,2%	22 003	0	0%
Financial charges	9 870	-18,7%	12 136	-25,1%	16 199	06	164400%
Financial profit/loss	2 924	125,9%	-11 293	-294,6%	5 804	0	0%
Pretax net operating income	94 074	121,6%	-434 911	-1710,8%	-24 018	4 214	2132,4%
Extraordinary income	28 170	230,3%	8 529	-70,8%	29 172	0	0%
Extraordinary charges	6 503	-84,6%	42 107	-21,6%	53 676	0	0%
Extraordinary profit/loss	21 667	1349,0%	-33 578	-37,0%	-24 504	0	0%
Net result	419 387	733,3%	-66 219	-394,4%	22 495	4 929,50	8407,7%

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	9 725 257	-4,6%	10 196 761	9,5%	9 308 896
	Gross	CO	13 450 455	0,6%	13 365 742	11,8%	11 959 831
	Amortisation	1A	3 725 197	17,6%	3 168 981	19,5%	2 650 935

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%	0

Active fixed asset (II)

			31/12/2010		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	5 962 116	1,9%	5 850 632	5,8%	5 532 315
	Gross	BJ	9 455 330	6,8%	8 856 435	9,7%	8 072 333
	Amortisation	BK	3 493 214	16,2%	3 005 803	18,3%	2 540 017

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	661 021	18,9%	555 909	126,8%	245 097
	Gross	CX	4 033 800	16,7%	3 455 429	28,5%	2 689 200
	Amortisation	AE	3 372 778	16,3%	2 899 519	18,6%	2 444 102
	Distributorships, patents	Net	14 335	111,5%	6 779	-8,9%	7 444
	Gross	AF	105 064	16,7%	90 059	9,1%	82 559
	Amortisation	AG	90 728	8,9%	83 280	10,9%	75 114
	Goodwill	Net	4 970 283	0%	4 970 283	0%	4 970 283
	Gross	AH	4 970 283	0%	4 970 283	0%	4 970 283
	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	5 645 639	2,0%	5 532 971	5,9%	5 222 824

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	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	0	0%	0	0%	0
	Gross	AR	0	0%	0	0%	0
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	13 482	-8,1%	14 668	125,8%	6 497
	Gross	AT	43 190	14,7%	37 671	38,0%	27 298
	Amortisation	AU	29 707	29,1%	23 003	10,6%	20 801
	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	13 482		14 668		6 497

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	200 000	0%	200 000	0%	200 000
	Gross	CU	200 000	0%	200 000	0%	200 000
	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	102 992	0%	102 992	0%	102 992
	Gross	BH	102 992	0%	102 992	0%	102 992
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		302 992		302 992		302 992

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	3 763 141	-13,4%	4 346 128	15,1%	3 776 580
	Gross	CJ	3 995 124	-11,4%	4 509 306	16,0%	3 887 497
	Amortisation	CK	231 983	42,2%	163 178	47,1%	110 917

Stocks

			31/12/2010		31/12/2009		31/12/2008
	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	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	0	0%	0	0%	0

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	1 924 949	-5,5%	2 036 561	70,0%	1 197 898
	Gross	BX	2 156 932	-1,9%	2 199 740	68,1%	1 308 815
	Amortisation	BY	231 983	42,2%	163 178	47,1%	110 917
	Other debtors	Net	868 720	-50,7%	1 761 911	-4,4%	1 842 910
	Gross	BZ	868 720	-50,7%	1 761 911	-4,4%	1 842 910
	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	2 793 669	-26,5%	3 798 472	24,9%	3 040 808

Divers

			31/12/2010		31/12/2009		31/12/2008
	Investment securities	Net	725 382	60,9%	450 779	0%	0
	Gross	CD	725 382	60,9%	450 779	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	243 595	165,1%	91 887	-87,4%	730 043
	Gross	CF	243 595	165,1%	91 887	-87,4%	730 043
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	968 977	78,6%	542 666	-25,7%	730 043

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	493	-90,1%	4 988	-12,9%	5 728
	Gross	CH	493	-90,1%	4 988	-12,9%	5 728
	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	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		31/12/2010		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%	152 341

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%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	0	0%	0
	Gross value at the end of period	OL	9 455 332	6,8%	8 856 437	0%	0

Research and development Charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	CZ	3 455 429	28,5%	2 689 200	0%	0
	Increasess due to revaluation	KB	578 371	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	766 229	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	4 033 800	16,7%	3 455 429	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	5 060 343	0,1%	5 052 843	0%	0
	Increasess due to revaluation	KE	15 005	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	7 500	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	5 075 348	0,3%	5 060 343	0%	0

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	37 672	38,0%	27 299	0%	0
	Increasess due to revaluation	LO	5 519	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	10 373	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	43 191	14,7%	37 672	0%	0

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	302 993	0%	302 993	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	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	302 993	0%	302 993	0%	0

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%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

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	83 280	10,9%	75 115	19,2%	63 003
Increases		PF	7 448	-8,8%	8 166	-32,6%	12 110
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	90 728	8,9%	83 281	10,9%	75 113

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	23 004	10,6%	20 801	-71,9%	73 898
Increases		QV	6 704	204,5%	2 202	-51,5%	4 538
Decreases		QW	0	0%	0	0%	57 637
	Decreasess by budget item transfer	QX	29 708	29,1%	23 003	10,6%	20 799

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	4 033 800	16,7%	3 455 429	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	0	0%	0	0%	38 238
Increases		UB	0	0%	0	0%	72 678
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	110 916

Includes Total allocations

Operating	UE	0	0%	0	0%	72 678
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			31/12/2010		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	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	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	0	0%	0	0%	38 238
Increases		TY	0	0%	0	0%	72 678
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	110 916

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	3 129 140	0%	0	0%	3 260 442
1 year at most	VU	3 026 147	0%	0	0%	3 005 109
More than one year	VV	102 993	0%	0	0%	255 333

State of loans

		31/12/2010		31/12/2009		31/12/2008
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	102 993	0%	0	0%	102 992
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	2 156 933	0%	0	0%	385 630
Other claims customer	UX	868 721	0%	0	0%	923 184
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	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	772 449
Value added tax	VB	0	0%	0	0%	44 397
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	1 024 439
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	1 623

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	493	0%	0	0%	5 728

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	1 586 161	0%	0	0%	1 432 964
1 year at most		VZ2	1 586 161	0%	0	0%	1 432 964
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

			31/12/2010		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	352	0%	0	0%	356 899
1 year at most		VG2	352	0%	0	0%	356 899
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	870 336	0%	0	0%	334 097
1 year at most		8B2	870 336	0%	0	0%	334 097
More than 1 year and 5 years at most		8B3	870 336	0%	0	0%	334 097
	Personnel and associated accounts (gross)	8C1	557 943	0%	0	0%	89 004
1 year at most		8C2	557 943	0%	0	0%	89 004
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0	0%	149 897
1 year at most		8D2	0	0%	0	0%	149 897
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%	304 137
1 year at most		VW2	0	0%	0	0%	304 137
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	39 941
1 year at most		VQ2	0	0%	0	0%	39 941
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	100 000	0%	0	0%	100 000
1 year at most		8J2	100 000	0%	0	0%	100 000
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	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	6 743	0%	0	0%	2 898
1 year at most		8K2	6 743	0%	0	0%	2 898
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	50 787	0%	0	0%	56 091
1 year at most		8L2	50 787	0%	0	0%	56 091
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	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	40 000

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%	35 949
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%	245 542
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	314 351
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	122 459
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	234 598
Total Other purchases and external	ZJ	0	0%	0	0%	916 951

Taxes and Fees

		31/12/2010		31/12/2009		31/12/2008
Business tax	YW	0	0%	0	0%	24 504
Other taxes and payments assimilated	9Z	0	0%	0	0%	42 906
Total taxes and fees	YX	0	0%	0	0%	67 410

VAT

		31/12/2010		31/12/2009		31/12/2008
Amount VAT collected	YY	0	0%	0	0%	536 512
Total VAT on goods and services	YZ	0	0%	0	0%	200 584

Average number of employees

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	0	0%	0	0%	22

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	Sector Median 2010
Fixed Asset Financing		1,23	0,8%	1,22	-5,4%	1,29	2,38	-48,3%
Global Debt		225 days	-49,0%	441 days	190,1%	152 days	137 days	64,2%
Working Capital Fund overall net		309 days	-11,0%	347 days	39,4%	249 days	94 days	228,7%
Financial independence		2318831,05%	43173,4%	5358,56%	145,6%	2181,55%	563,78%	411200,7%
More ratios
Solvability		83,69%	9,9%	76,15%	-10,0%	84,61%	43,03%	94,5%
Capacity debt futures		2312243,47%	-	%	-	2181,55%	1464,76%	157758,2%
Coverage of current assets by net working capital overall		46,12%	19,4%	38,63%	-36,0%	60,37%	44,54%	3,5%
General Liquidity		1,91	-		-	2,10	0,79	141,8%
Restricted Liquidity		2,52	-		-	2,61	1,54	63,6%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital		179 days	-37,0%	284 days	32,1%	215 days	8 days	2137,5%
Treasury		137 days	90,3%	72 days	80,0%	40 days	20 days	585,0%
Inventory turnover of goods		0 days	0%	0 days	0%	0 days	0 days	0%
Average length of credit granted to customers		306 days	-23,3%	399 days	232,5%	120 days	70 days	337,1%
Average length of credit obtained suppliers		517 days	-35,7%	804 days	793,3%	90 days	47 days	1000%
More ratios
Inventory turnover of raw materials in industrial enterprises		days	-	0 days	0%	0 days	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1315 days	-
Rotation tangible assets		5872,25%	11,5%	5266,45%	-	%	1309,66%	348,4%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading		-0,14%	-117,1%	0,82%	-31,7%	1,20	0%	0%
Profitability of the business		31,19	773,7%	3,57	-76,9%	15,45	7,92%	293,8%
Net profit		16,54%	595,2%	-3,34%	-606,1%	0,66%	4,89%	238,2%
More ratios
Growth rate of turnover (excluding VAT)		27,84%	167,1%	-41,49%	-205,9%	39,17%	5,15%	440,6%
Rates integration		94,58%	8,9%	86,86%	23,1%	70,58%	59,74%	58,3%
Rate leasing furniture		0%	0%	0%	0%	0,12%	0%	0%
Work Factor		64,77%	-29,9%	92,41%	22,7%	75,29%	72,65%	-10,8%
Weight interests		0,39	-36,1%	0,61%	27,1%	0,48%	0,01%	3800%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability		35,75%	77,5%	20,14%	38,0%	14,59%	8%	346,9%
Rates of economic profitability		10%	900%	1%	-83,3%	6%	21,28%	-53,0%
Financial profitability		8139097%	4,8%	7764709%	-1,4%	7875927%	8418,50%	96581,1%
Return on investment		5,27%	875,0%	-0,68%	-244,7%	0,47%	15,89%	-66,8%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Turnover	2 536 282	27,8%	1 983 976	-41,5%	3 390 801	99 609 €	2446,2%

Sales of goods	3 435	-96,6%	99 630	-59,1%	243 429
- Purchase of goods	7 013	-91,6%	83 429	-58,9%	202 784
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	-3 578 €	-122,1%	16 201 €	-60,1%	40 645 €	0 €	0%
	-0,14 % CA	-117,1%	0,82 % CA	-31,7%	1,20 % CA	0 % CA	0%

Sale of goods produced	2 532 847	34,4%	1 884 345	-40,1%	3 147 372
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	468 538	7,4%	436 354	222,6%	135 270
Period production	3 001 385 €	29,3%	2 320 699 €	-29,3%	3 282 642 €	94 991,50 €	3059,6%
	118,34 % CA	1,2%	116,97 % CA	20,8%	96,81 % CA	100 % CA	18,3%

Trading margin	-3 578	-122,1%	16 201	-60,1%	40 645	0	0%
+ Period Production	3 001 385	29,3%	2 320 699	-29,3%	3 282 642	94 991,50	3059,6%
- Purchase of raw materials	0	0%	217	-98,4%	13 244
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	598 958	-2,4%	613 445	-33,1%	916 951
Added value	2 398 849 €	39,2%	1 723 238 €	-28,0%	2 393 092 €	58 076 €	4030,5%
	94,58 % CA	8,9%	86,86 % CA	23,1%	70,58 % CA	59,74 % CA	58,3%

Added value	2 398 849 €	39,2%	1 723 238 €	-28,0%	2 393 092 €	58 076 €	4030,5%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	54 197	-9,7%	60 000	-11,0%	67 410
- Personal charges	1 553 695	-2,4%	1 592 455	-11,6%	1 801 768
Gross operating surplus	790 957 €	1017,4%	70 783 €	-86,5%	523 914 €	6 950 €	11280,7%
	31,19 % CA	773,7%	3,57 % CA	-76,9%	15,45 % CA	7,93 % CA	293,3%

Gross operating surplus	790 957 €	1017,4%	70 783 €	-86,5%	523 914 €	6 950 €	11280,7%
+ Release of reserves and provisions	37 728	396,9%	7 592	112,1%	3 579
+ Other operating income	42 843	-54,1%	93 318	583137,5%	16
- Depreciation/Amortisation	556 215	6,6%	521 934	-5,2%	550 635
- Other charges	224 162	205,5%	73 375	995,8%	6 696
Operating result	91 151 €	121,5%	-423 616 €	-1320,5%	-29 822 €	4 254 €	2042,7%
	31,19 % CA	773,7%	3,57 % CA	-76,9%	15,45 % CA	6,77 % CA	360,7%

Operating result	91 151 €	121,5%	-423 616 €	-1320,5%	-29 822 €	4 254 €	2042,7%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	12 795	1417,8%	843	-96,2%	22 003
- Financial charges	9 870	-18,7%	12 136	-25,1%	16 199
Pre-tax result	94 076 €	121,6%	-434 909 €	-1710,8%	-24 018 €	4 233,50 €	2122,2%
	3,71 % CA	116,9%	-21,92 % CA	-2987,3%	-0,71 % CA	4,56 % CA	-18,6%

Extraordinary income	28 170	230,3%	8 529	-70,8%	29 172	0	0%
- Extraordinary charges	6 503	-84,6%	42 107	-21,6%	53 676
Extraordinary result	21 667 €	164,5%	-33 578 €	-37,0%	-24 504 €	0 €	0%
	0,85 % CA	150,3%	-1,69 % CA	-134,7%	-1 % CA	0 % CA	0%

Pre-tax result	94 076 €	121,6%	-434 909 €	-1710,8%	-24 018 €	4 233,50 €	2122,2%
Extraordinary result	21 667 €	164,5%	-33 578 €	-37,0%	-24 504 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	-303 645	24,5%	-402 270	-466,4%	-71 017
Net result	419 388 €	733,4%	-66 217 €	-394,4%	22 495 €	4 891 €	8474,7%
	16,54 % CA	595,2%	-3,34 % CA	-606,1%	0,66 % CA	4,89 % CA	238,2%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Type	Head office (one site company)	Status	Economically active
Formation Date	06/2006	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Rhône (69)	Region	Rhône-Alpes
District	1	Area	98
City	VILLEURBANNE	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	> MAGELLAN SAS <<<  - Programmation informatique (6201Z)  in VILLEURBANNE  (69100)
Secondary establishments	>  MAGELLAN SAS  - Programmation informatique (6201Z)  in PARIS 8  (75008) >  MAGELLAN  - Autres activités de réalisation de logiciels (722C)  in LYON 3EME  (69003) >  MAGELLAN  - Autres activités de réalisation de logiciels (722C)  in LYON 7EME  (69007) >  MAGELLAN  - Autres activités de réalisation de logiciels (722C)  in LYON 7EME  (69007) > ...

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

Workforces

Workforce at address

Workforce unknown

Company workforce

6 to 9 employees

Commentary

The comments are arranged in decreasing order of importance
	The company is less than 9 years old
	The net result is up to 91 150 €, which is good
	The company has a share capital of 7 500 000 €, which is excellent
	Tangible fixed assets are up to 13 482 €
	The company is in financial debt of 351 €
	The financial result is up to 2 924 €, which is correct
	The company has an activity with no specific increased risk

Event History

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
23/11/2010	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 8096 - 430159947 RCS. MAGELLAN SAS. Forme : Société par Actions Simplifiée. Adresse : 149 boulevard Bataille de Stalingrad le Palais d'Hiver 69100 Villeurbanne Cedex 03. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
08/03/2010	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 7461 - 430159947 RCS. MAGELLAN SAS. Forme : Société par Actions Simplifiée. Adresse : 149 boulevard Bataille de Stalingrad le Palais d'Hiver 69100 Villeurbanne Cedex 03. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
04/02/2009	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 5257 - 430159947 RCS. MAGELLAN SAS. Forme : Société par Actions Simplifiée. Adresse : 149 boulevard Bataille de Stalingrad le Palais d'Hiver, 69100 Villeurbanne Cedex 03. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
13/06/2008	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 3053 - 430 159 947 RCS Lyon. MAGELLAN SAS. Forme : Société par Actions Simplifiée. Administration : WILLMANN Franck Alain nom d'usage : WILLMANN Franck n'est plus président du conseil d'administration et directeur général.WILLMANN Franck Alain nom d'usage : WILLMANN Franck devient président.. MICHON Jean-Pierre nom d'usage : MICHON Jean-Pierre n'est plus directeur général délégué.. MICHON Jean-Pierre nom d'usage : MICHON Jean-Pierre devient directeur général.. MICHON Jean Pierre nom d'usage : MICHON Jean n'est plus administrateur.. WILLMANN Alain nom d'usage : WILLMANN Alain n'est plus administrateur.. MICHON Franck nom d'usage : MICHON Franck n'est plus administrateur.. PEILLON Renaud nom d'usage : PEILLON Renaud n'est plus commissaire aux comptes titulaire.. SA à conseil d'administration COMPAGNIE LYONNAISE DE GESTION ET D'ORGANISATION n'est plus commissaire aux comptes suppléant.. SA à conseil d'administration COMPAGNIE LYONNAISE DE GESTION ET D'ORGANISATION devient commissaire aux comptes titulaire.. DIAGNOSTIC REVISION CONSEIL devient commissaire aux comptes suppléant.. Capital : 6000000 EUR. Commentaires : Fusion : sociétés ayant participé à l'opération : MAGELLAN WORLDWIDE -M.W.W. sté par actions simplifiée RCS B 449986504, 149 Boulevard Bataille de Stalingrad LE PALAIS D HIVER Cedex 03 69100 VILLEURBANNE. Modification du capital. Modification de la forme juridique. Modification de l'administration. Modification de la dénomination.
13/06/2008	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 3054 - 430 159 947 RCS Lyon. MAGELLAN SAS. Forme : Société par Actions Simplifiée. Capital : 7500000 EUR. Commentaires : Modification du capital.
21/11/2007	Bodacc C	Avis de dépôt des comptes
8831 - 430 159 947. RCS Lyon MAGELLAN. Forme: société anonyme. Adresse du siège social: 149 boulevard Bataille de Stalingrad Le Britannia Alle A, 69100 Villeurbanne Cedex 03. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
05/12/2006	Bodacc B	Modifications et mutations diverses
1377 - RCS Lyon 430 159 947. RC 00-B 01152. MAGELLAN. Forme : S.A. Adresse du siège social : Le Palais d'Hiver, Le Britannia, allée A, 149 boulevard Stalingrad,, 69100 Commentaires : modification survenue sur l'adresse du siège social.
21/10/2006	Bodacc C	Avis de dépôt des comptes
1807 - RCS Lyon B 430 159 947. RC 00-B 1152. MAGELLAN. Forme: S.A. Adresse du siège social: 20, Boulevard Eugène Deruelle le B,69432 Lyon. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
02/03/2006	Bodacc C	Avis de dépôt des comptes
2190 - RCS Lyon B 430 159 947. RC 00-B 1152. MAGELLAN. Forme: S.A. Adresse du siège social: 20, Boulevard Eugène Deruelle le B,69432 Lyon. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
26/05/2005	Bodacc B	Modifications et mutations diverses
1890 - RCS Lyon 430 159 947. RC 00-B 01152. MAGELLAN. Forme : S.A. Adresse du siège social : Le Britannia, allée A, 20 boulevard Eugène-Deruelle,, 69432 Administration : ancien administrateur : SELLIER (Jean).
26/10/2004	Bodacc B	Modifications et mutations diverses
RCS Lyon 430159947 RC 00-B 01152 MAGELLAN. Forme : S.A. Adresse du siège social : Le Britannia, allée A, 20 boulevard Eugène-Deruelle, 69432 Lyon Cedex 03. Commentaires : modification survenue sur l'adresse du siège social.
12/06/2003	Bodacc B	Modifications et mutations diverses
RCS Lyon 430159947 RC 00-B 01152 MAGELLAN. Forme : S.A. Capital : 110 000 euros. Adresse du siège social : 22 rue Camille-Roy, 69007 Lyon. Administration : nomination en qualité d'administrateur : SELLIER (Jean). Commentaires : modification survenue sur le capital.
12/06/2003	Bodacc B	Modifications et mutations diverses
RCS Lyon 430159947 RC 00-B 01152 MAGELLAN. Forme : S.A. Adresse du siège social : 53 rue de la Thibaudière, 69007 Lyon. Commentaires : modification survenue sur l'adresse du siège social.
03/04/2003	Bodacc B	Modifications et mutations diverses
RCS Lyon 430159947 RC 00-B 001152 MAGELLAN. Forme : S.A. Adresse du siège social : 22 rue Camille-Roy, 69007 Lyon. Administration : nouveau président du conseil d'administration et directeur général : LABROSSE (Jean-Marc). Ancien président du conseil d'administration : TREHIOU (Gilles). Nouveau directeur général délégué : MICHON (Jean, Pierre). Nouveaux administrateurs : ROGER ( Martine) et WILLMANN (Alain).
03/04/2003	Bodacc B	Modifications et mutations diverses
RCS Lyon 430159947 RC 00-B 1152 MAGELLAN. Forme : S.A. Adresse du siège social : 22 rue Camille-Roy, 69007 Lyon. Administration : ancien président du conseil d'administration et directeur général : LABROSSE (Jean, Marc). Nouveau président du conseil d' administration et directeur général : WILLMANN (Franck, Alain). Ancien administrateur : ROGER (Martine). Nouvel administrateur : MICHON (Franck).
04/07/2001	Bodacc B	Modifications et mutations diverses
RCS Lyon 430159947 RC 00-B 01152 MAGELLAN. Forme : S.A. Adresse du siège social : 22 rue Camille-Roy, 69007 Lyon. Administration : ancien administrateur : WILLMANN (Alain). Nouvel administrateur WILLMANN (Franck). Ancien commissaire aux comptes titulaire : STE PIN ET ASSOCIES. Nouveau commissaire aux comptes titulaire : PEILLON (Renaud). Ancien commissaire aux comptes suppléant : CHALVIN (Thibault). Nouveau commissaire aux comptes suppléant : S.A. COMPAGNIE LYONNAISE DE GESTION ET D' ORGANISATION.
16/05/2000	Bodacc A	Création d'établissement
430 159 947. RCS Lyon. A dater du: 7 avril 2000 RC 2000-B 01152 MAGELLAN. Forme : S.A. Capital : 38 125 euros. Adresse du siège social : 22 rue Camille- Roy, 69007 Lyon. Administration : président du conseil d'administration : TREHIOU (Gilles) directeur général et administrateur : MICHON (Jean-Pierre) administrateurs : LABROSSE (Jean-Marc), WILLMANN (Alain) commissaire aux comptes titulaire : PIN ET ASSOCIES commissaire aux comptes suppléant : CHALVIN (Thibault) Cette société se constitue Etablissement principal: Activité : toutes prestations de services aux entreprises dans le domaine informatique et plus particulièrement, en matière de monétique, commerce électronique , gestion des échanges de flux, commerce par Internet, hébergement de sites, réalisation de progiciels, formation de personnel, négoce sous toutes ses formes et par tous moyens de matériels et de tous produits connexes et accessoires. Adresse : 22 rue Camille-Roy, 69007 Lyon Date de début d'activité: 3 avril 2000.

Company Events History

Date	Description
19/09/2011	Bodacc C : Deposit accounts notice
16/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
23/11/2010	Bodacc C : Deposit accounts notice
08/03/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
04/02/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
13/06/2008	Bodacc B: Various editing or changing
13/06/2008	New Bodacc B ads detected
15/05/2008	Amendment
15/05/2008	Audit or Management Report
15/05/2008	Updated articles of association
15/05/2008	Minutes of general meeting of shareholders
15/05/2008	Fund deposit certificate
15/05/2008	Declaration of conformity
15/05/2008	Private document
15/05/2008	New company name
15/05/2008	Capital increase
15/05/2008	New legal form – no new category
15/05/2008	Merger
31/12/2007	New accounts available
05/11/2007	Other modification of Establishment
02/11/2007	Modification to Company Identifier
02/11/2007	Update of Company Legal Form
02/11/2007	Update of Company Name
26/10/2007	Audit or Management Report
26/10/2007	Private document
26/10/2007	Rapport des Commissaires ou du Gérant
05/10/2007	Private document
05/10/2007	Planned merger
02/10/2007	Requête et Ordonnance
02/10/2007	Application and court order
31/12/2006	New accounts available
20/10/2006	PV d'Assemblée
20/10/2006	Minutes of general meeting of shareholders
20/10/2006	Updated articles of association
20/10/2006	Statuts mis à jour
20/10/2006	Private document
20/10/2006	Registered office transferred inside jurisdiction of the Commercial Court
31/12/2005	New accounts available
06/04/2005	Private document
06/04/2005	Modification du Conseil d'Administration
06/04/2005	Changes to the Board of Directors
06/04/2005	Acte sous seing privé
06/04/2005	PV d'Assemblée
06/04/2005	Minutes of general meeting of shareholders
06/04/2005	Nomination/démission des organes de gestion
06/04/2005	Appointment/resignation of company officers
31/12/2004	New accounts available
16/09/2004	PV d'Assemblée
16/09/2004	Statuts mis à jour
16/09/2004	Private document
16/09/2004	Transfert du Siège dans le ressort du Tribunal de Commerce
16/09/2004	Acte sous seing privé
16/09/2004	Minutes of general meeting of shareholders
16/09/2004	Updated articles of association
16/09/2004	Registered office transferred inside jurisdiction of the Commercial Court
31/12/2003	New accounts available
29/04/2003	Statuts mis à jour
29/04/2003	PV du Conseil d'Administration
29/04/2003	PV d'Assemblée
29/04/2003	Nomination/démission des organes de gestion
29/04/2003	Certificat de dépôt des fonds
29/04/2003	Acte sous seing privé
29/04/2003	Changement de date de clôture
29/04/2003	Transfert du Siège dans le ressort du Tribunal de Commerce
29/04/2003	Augmentation de Capital
29/04/2003	Acte modificatif
20/02/2003	Changement de Président (PDG, PCA)
20/02/2003	Modification du Conseil d'Administration
20/02/2003	Acte sous seing privé
20/02/2003	Statuts mis à jour
20/02/2003	Nomination/démission des organes de gestion
20/02/2003	PV d'Assemblée
20/02/2003	PV du Conseil d'Administration
28/05/2001	Acte sous seing privé
28/05/2001	PV d'Assemblée
28/05/2001	Modification du Conseil d'Administration
28/05/2001	Nomination/démission des organes de gestion
28/05/2001	Changement de Commissaire aux Comptes
07/04/2000	Statuts
07/04/2000	Acte modificatif

Establishment EVENTS HISTORY

Date	Description
16/09/2011	Update Rating
16/09/2011	Update Limit
05/09/2011	Update Rating
05/09/2011	Update Limit
25/03/2011	Update Rating
26/10/2010	Update Limit
26/10/2010	Update Rating
26/09/2010	Update Rating
10/02/2010	Update Rating
10/02/2010	Update Limit
30/12/2009	Update Rating
05/09/2009	Update Rating
11/02/2009	Update Rating
11/02/2009	Update Limit
27/09/2008	Update Rating
05/08/2008	Update Rating
03/07/2008	Update Rating
01/07/2008	Update Rating
02/04/2008	Update Rating
13/01/2008	Update Limit
16/12/2007	Update Limit
10/12/2007	Update Limit
07/12/2007	Update Limit
02/11/2007	Modification of Head office
11/09/2007	Update Limit
11/09/2007	Update Rating
30/06/2006	Formation of Establishment (after transfer)

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.03
UK Pound	1	Rs.82.34
Euro	1	Rs.68.99

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.