MIRA INFORM REPORT

Report Date :

29.07.2011

IDENTIFICATION DETAILS

Correct Name :	ETS A JACQUART ET FILS

Registered Office :	Rue Du Billemont, 59223 Roncq

Country :	France

Financials (as on) :	31.08.2008

Date of Incorporation :	January 1957

Com. Reg. No.:	885780403

Legal Form :	Limited Liability Company

Line of Business :	Wholesale business supplies and industrial equipment

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

France

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

REGISTERED NAME & COMPANY SUMMARY

Company Summary

Company Details
Company Number	88578040300048
Name	ETS A JACQUART ET FILS
Telephone	03 20 28 94 28
Fax	03 20 28 94 20
Legal form	Limited Liability Company
RCS Registration	885780403
Share Capital	45,734
Incorporation Date
Address	RUE DU BILLEMONT
Postcode	59223 RONCQ
Nationality	France

Company Information

company details
Company Name	ETS A JACQUART ET FILS
Company Number	88578040300048
Activity (APE)	Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (Wholesale (business to business) supplies and industrial equipment)
Activity (APRM)
Currency	EURO (€)
Share capital	45,734
Registration Court	Roubaix-Tourcoing (59)
Legal form	Limited Liability Company
Court Registry Number	57 B 20040
EU VAT Number	FR31885780403
Incorporation Date
Formation Date	01/1957
Deregistration Date
Last account Date	31/08/2008
Nationality	France

DIRECTORS/MANAGEMENT

Directors Summary
Directorships	1

Directors

Director
Name	M JACQUART DENIS	Manager position	Gérant
Date of birth	18/07/1964	Place of birth	ROUBAIX
Type of manager	Individual	Name at birth of manager

NEGATIVE INFORMATION

Judgements Summary

No judgements against this company.

Judgements

Collective Procedures

Courts

There are no Judgements filed against this company.

Rncs

There are no Judgements filed against this company.

Bodacc

There are no Judgements filed against this company.

Preferentials Rights

No social security and tax office preferential right to date.

SHARE & SHARE CAPITAL INFORMATION

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

No group structure for this company.

FINANCIAL INFORMATION

Accounts Summary (last 3 years)
Accounts Date	31/08/2008	31/08/2004	31/08/2003
Turnover	3,121,414	2,504,196	1,938,108
Networth	305,046	364,043	285,508
Number of Employees	1 or 2 employees	-	-

Accounts & Ratios

Profit & Loss
Account Date	31/08/2008	%	31/08/2004	%	31/08/2003
Account period (month)	12	-	12	-	12
Account Type	Normal Account	-	Normal Account	-	Normal Account
Currency	Euro	-	Euro	-	Euro
Turnover	3,121,414	24.6%	2,504,196	29.2%	1,938,108
Exports	0	-100.0%	1,972,696	54.2%	1,279,431
Operating Charges	3,048,256	34.4%	2,268,757	29.5%	1,752,501
Operating Profit	78,847	-70.6%	268,301	35.9%	197,405
Financial Income	5,104	452.4%	924	150.4%	369
Financial Charges	4,191	-42.0%	7,223	214.7%	2,295
Pre-Tax Profit	79,760	-69.6%	262,002	34.0%	195,479
Extraordinary Income	8,546	-	0	-100.0%	131,637
Extraordinary Charges	20,776	-78.0%	94,411	-25.8%	127,212
Net Profit	42,411	-62.6%	113,532	-17.0%	136,850

Balance Sheet
Account Date	31/08/2008				%				31/08/2004		%		31/08/2003
Assets
- Tangible assets	37,280				-5.4%				39,406		-23.9%		51,761
Intangible assets	10,909				10.1%				9,909		0.0%		9,909
Financial assets	1,474				-92.9%				20,693		0.0%		20,693
Total fixed assets	49,663				-29.1%				70,008		-15.0%		82,363
Stocks	482,202				474.9%				83,877		-64.4%		235,818
Receivables	225,795				-31.5%				329,634		323.9%		77,768
- Trade Receivables	130,097				-50.1%				260,822		600.9%		37,214
- Misc. Receivables	95,698				-				68,812		-		40,554
Cash	392,747				19.0%				330,045		50.5%		219,301
Misc. Current Assets					-						-
Total Current Assets	1,100,744				48.0%				743,556		39.5%		532,887
Liabilities
Trade Accounts Payable	592,156				110.6%				281,114		29.5%		217,047
Bank Loans and Liabilities	1,550				-75.9%				6,437		-67.1%		19,574
Sundry Loan and Liabilities	13,088				-				9,691		-		21,358
Advanced Payments Received	0				-				0		-		0
Tax and Social Liabilities	100,486				147.2%				40,644		-23.3%		53,008
Miscellaneous Liabilities	89,325				-						-
Provisions for Risks & Charges	48,755				-56.3%				111,635		495.2%		18,755
Other Capital Resources	0				-				0		-		0
Share Capital	45,735				0.0%				45,735		0.0%		45,735
Revaluation Reserve	0				-				0		-		0
Other Reserves	259,311				-				318,308		-		239,773
Total Shareholders Funds	305,046				-16.2%				364,043		27.5%		285,508

Total Assets	1,150,406				41.4%				813,564		32.2%		615,250
Net Worth	294,137				-				354,134		-		275,599
Ratios
Account Date		31/08/2008				%		31/08/2004			%		31/08/2003
Structure
Protection		26.52%						44.75%					46.41%
Net Gearing		1.27%						1.98%					6.65%
Repayment Power		18.75%						7.49%					186.31%
Capital Requirement		37.00 day						60.00 day					48.00 day
Working Capital Requirement		-9.00 day						13.00 day					8.00 day
Net Cash		45.00 day						47.00 day					40.00 day
Performance
Return on Invested Capital			383.00%				370.00%					290.00%
Return on Equity			13.90%				31.19%					47.93%
Gross Profit			13.93% Turnover				17.34% Turnover					24.87% Turnover
Growth v's Year Ago Qtr			617,218€				566,088€					1,938,108€
Inventory Returns			0				0					0
Receivables Days			15.00 day				38.00 day					7.00 day
Payable Days			75.00 day				54.00 day					50.00 day
SIG
Profit				30.97% Turnover						30.26% Turnover		31.25% Turnover
Gross Profit				13.93% Turnover						17.34% Turnover		24.87% Turnover
Wage and Salary distribution / Gross Profit				49.87% Turnover						36.50% Turnover		47.43% Turnover
Gross Operating Surplus				6.09% Turnover						10.34% Turnover		12.32% Turnover
Pre-tax Income				2.56% Turnover						10.46% Turnover		10.09% Turnover
Net Profit/Loss				1.36%						4.53%		7.06%

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Establishment details

Postal Address

RUE DU BILLEMONT,
59223 RONCQ,

Trading Address

RUE DU BILLEMONT,
59223 RONCQ,

Telephone

03 20 28 94 28

Fax

03 20 28 94 20

Type

Head office

Status

Economically active

Formation Date

01/1957

Reason for formation

Formation

Closure Date

Reason for closure

Reactivation Date

Production Role

Activity Nature

Activity Location

Location Service

Seasonality

Other establishments

2 branch entities in this company

Company number	88578040300048	Company name	ETS A JACQUART ET FILS
Type	Head office	Activity (ape)	Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers
Post Code	59223	City	RONCQ

Company number	88578040300030	Company name	ETS A JACQUART ET FILS
Type	Secondary establishment	Activity (ape)	Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers
Post Code	59960	City	NEUVILLE EN FERRAIN

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	3 to 5 employees
Company workforce	1 or 2 employees

Event history

Status history
Date	Description
15/12/2008	Economically active

Recent Publications in Gazettes
Publication Date	Gazette Name					Description
28/01/2010	C					Comptes annuels et rapports
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING

24/04/2009		B		Modification et mutation diverse
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING

28/07/2006		C		Avis de dépôt des comptes
3937 - RCS Roubaix-Tourcoing B 885 780 403. RC 57-B 20040. ETS A. JACQUART & FILS. Forme: S.A.R.L. . Adresse du siège social: Zone Industrielle rue du Vert Bois,59960 Neuville-en-Ferrain. Comptes annuels et rapports de l'exercice clos le: 31 août 2004.
24/04/2009	B		Modification et mutation diverse
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING
28/07/2006	C		Avis de dépôt des comptes
3937 - RCS Roubaix-Tourcoing B 885 780 403. RC 57-B 20040. ETS A. JACQUART & FILS. Forme: S.A.R.L. . Adresse du siège social: Zone Industrielle rue du Vert Bois,59960 Neuville-en-Ferrain. Comptes annuels et rapports de l'exercice clos le: 31 août 2004.
08/11/1998	B				Modifications et mutations diverses
Ancienne situation du siège social. RCS Roubaix-Tourcoing B 885 780 403 RC 57-B 20040 ETABLISSEMENTS A. JACQUART ET FILS. Forme : S.A. à conseil d' administration. Capital : 300 000 F. Adresse : Z.I., rue du Vert-Bois 59960 Neuville-en-Ferrain. Administration : gérant : JACQUART (Denis) Nouvelle situation du siège social. Forme : S.A.R. L Etablissement principal: Activité : représentation, achat, vente de toutes fournitures industrielles, de tout matériel et services impression de circulaire, de bulletins et de tous imprimés commerciaux. Adresse : Z.I., rue du Vert-Bois 59960 Neuville-en-Ferrain ETABLISSEMENT PRINCIPAL nouvelle situation. Activité : négoce de matériel industriel. Date d'effet : 30 avril 1998.
Company events history
Date	Description
28/01/2010	Bodacc C : Deposit accounts notice
24/04/2009	Bodacc B: Various editing or changing
14/04/2009	Private document
14/04/2009	Updated articles of association
14/04/2009	Minutes of general meeting of shareholders
14/04/2009	Registered office transferred inside jurisdiction of the Commercial Court
15/12/2008	Update of Company Head Office Identifier
15/12/2008	Transfer of Establishment
31/08/2008	New accounts available
31/08/2004	New accounts available
31/08/2003	New accounts available
23/10/1998	Statuts mis à jour
23/10/1998	PV d'Assemblée
23/10/1998	Nomination/démission des organes de gestion
23/10/1998	Acte sous seing privé
23/10/1998	Changement de Forme Juridique sans changement de catégorie
23/10/1998	Réduction de Capital
27/02/1997	Acte sous seing privé
27/02/1997	Requête et Ordonnance
08/11/1996	Acte sous seing privé

Establishment events history
Date	Description
02/05/2010	Update Limit
01/05/2010	Update Rating
11/01/2010	Update Rating
11/01/2010	Update Limit
04/01/2010	Update Limit
30/12/2009	Update Rating
29/05/2009	Update of phone numbers
29/05/2009	Update Limit
29/05/2009	Update Rating

NOTES & COMMENTS

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.13
UK Pound	1	Rs.72.05
Euro	1	Rs.63.33

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.

REGISTERED NAME & COMPANY SUMMARY

DIRECTORS/MANAGEMENT

NEGATIVE INFORMATION

SHARE & SHARE CAPITAL INFORMATION

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

FINANCIAL INFORMATION

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

NOTES & COMMENTS

Unit