MIRA INFORM REPORT

Report Date :

17.06.2011

IDENTIFICATION DETAILS

Name :	LANDOIN EMBALLAGES

Registered Office :	Rue Tamas,Zone Industrielle Nord, 01105 Oyonnax Cedex,Bp 172 Arbent

Country :	France

Financials (as on) :	31.12.2009

Date of Incorporation :	January 1968

Com. Reg. No.:	76820092500024

Legal Form :	Plc with management board

Line of Business :	Wholesale business to and supplies various équipements industriels

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	430,000 Euro

Status :	Very Good

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – 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

Bottom of Form

Company Summary

company details

Company Number

76820092500024

Name

LANDOIN EMBALLAGES

Activity(APE)

Commerce de gros (commerce interentreprises) de fournitures et équipementsindustriels divers

(Wholesale (business to business) and supplies various équipementsindustriels)

Share capital

250,000

Registration Court

Bourg-En-Bresse (01)

Legal form

Plc with management board

Court Registry Number

19 6 8B000

Incorporation Date

10/1968

Formation Date

01/1968

Deregistration Date

Last account Date

31/12/2009

Nationality

France

Establishment details

Postal Address

RUE TAMAS,ZONE INDUSTRIELLE NORD
01105 OYONNAX CEDEX,BP 172 ARBENT

Trading Address

RUE TAMAS,ZONE INDUSTRIELLE NORD
01105 OYONNAX CEDEX,BP 172 ARBENT

Telephone

04 74 81 94 70

Fax

Type

Head office (one site company)

Status

Economically active

Formation Date

01/1968

Reason for formation

Other

Closure Date

Reason for closure

Reactivation Date

Production Role

Activity Nature

Activity Location

Store

Location surface

From 300 m² to less than 400 m²

Seasonality

Department

Ain(01)

Region

Rhône-Alpes

District

Area

City

ARBENT

Size of urban area

Other establishments

Branches

1 branch entities in this company

Company number	76820092500024	Company name	LANDOIN EMBALLAGES
Type	Head office (one site company)	Activityape	Commerce de gros (commerce interentreprises) de fournitures et équipementsindustriels divers
Post Code	01100	City	ARBENT

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

Limit

Credit Information
Credit Limit	430,000 Euro

Synthesized Accounts

Period
Annual Return	31/12/2009	31/12/2008	31/12/2007
Account period (month)	12	12	12
Account Type	Normal Account	Normal Account	Normal Account
Currency	Euro	Euro	Euro
Active account
Capital not called
Total fixed assets	260,410	264,585	272,369
- Intangible assets	166,608	163,878	105,947
- Tangible assets	86,595	93,500	104,284
- Financial assets	65,137	65,137	62,137
Net current assets	6,571,137	6,072,390	6,555,733
- Stocks	1,318,051	1,047,897	1,306,057
- Advanced payments	NaN	NaN	NaN
- Receivables	2,486,602	4,017,103	3,504,058
- Securities and cash	2,766,482	1,007,390	1,745,616
- Prepaid expenses
Account regularization	104	111
Total Assets	6,831,651	6,337,087	6,828,103
Passive Account
Shareholder equity	4,873,592	4,439,799	4,068,730
- of which share capital	250,000	250,000	250,000
Other capital resources
Provisions for risks & charges	104	111
Liabilities	1,957,951	1,897,174	2,759,373
- Financial liabilities	3,174	2,838	2,580
- Advanced payments received
- Trade account payables	1,304,610	1,330,645	2,074,790
- Tax and social liabilities	523,939	483,255	581,523
- Other debts and fixed assets liabilities	126,227	80,435	100,478
Account of regularization
Total liabilities	6,831,650	6,337,087	6,828,103
Profit & Loss
Operating income	14,783,938	17,155,262	16,478,640
Net turnover	14,755,262	17,054,752	16,373,609
- of which net export turnover	2,321,738	2,565,340	2,392,984
Operating charges	14,144,343	16,623,661	15,860,453
Operating profit/loss	639,595	531,601	618,187
Financial income	213,731	252,702	216,625
Financial charges	31,844	36,879	41,001
Financial profit/loss	181,887	215,823	175,624
Pretax net operating income	821,482	747,424	793,811
Extraordinary income	19,574	40,450	13,543
Extraordinary charges	250	43,142	15,844
Extraordinary profit/loss	19,324	-2,692	-2,301
Net profit/loss	558,793	496,070	521,116

Event history

Status history

Date

Description

Company events history

Date	Description
17/01/2011	Bodacc C : Deposit accounts notice
12/11/2010	Bodacc B: Various editing or changing
21/10/2010	New auditor
21/10/2010	Minutes of general meeting of shareholders
06/04/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
15/01/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
16/03/2008	New Bodacc B ads detected
16/03/2008	Bodacc B: Various editing or changing
10/03/2008	Minutes of general meeting of shareholders
10/03/2008	New chairman (CEO, CoB)
10/03/2008	Appointment/resignation of company officers
10/03/2008	Private document
01/03/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
17/09/2007	Nomination/démission des organes de gestion
17/09/2007	New manager
17/09/2007	Actemodificatif
17/09/2007	Appointment/resignation of company officers

Establishment events history

Date	Description
22/12/2010	Update Limit
22/12/2010	Update Rating
25/10/2010	Update Limit
27/09/2010	Update Rating
05/03/2010	Update Rating
05/03/2010	Update Limit
30/12/2009	Update Rating
03/10/2009	Update Limit
05/09/2009	Update Rating
18/06/2009	Update of phone numbers
07/01/2009	Update Limit
07/01/2009	Update Rating
28/09/2008	Update Rating
10/02/2008	Update Limit
06/02/2008	Update Rating
11/12/2007	Update Limit
09/12/2007	Update Limit

Directors

Name	M THIBAUDIER ANDRÉ NICOLAS	Manager position	Président
Date of birth	16/06/1942	Place of birth	LYON 03 (69)
Type of manager	Individual	Name at birth of manager

Name	M FUCINA FRANCK	Manager position	Directeurgénéral
Date of birth	08/03/1966	Place of birth	NANTUA (01)
Type of manager	Individual	Name at birth of manager

Name	Mme THIBAUDIER ANNE-FRANÇOISE	Manager position	Directeurgénéral
Date of birth	26/08/1966	Place of birth	OYONNAX (01)
Type of manager	Individual	Name at birth of manager

Name	Mme RAGEOT CATHERINE	Manager position	Président du conseil de surveillance
Date of birth	06/07/1971	Place of birth	OYONNAX (01)
Type of manager	Individual	Name at birth of manager	THIBAUDIER

Judgements / CCJs

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.90
UK Pound	1	Rs.72.54
Euro	1	Rs.63.39

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.

Company Summary

Limit

Synthesized Accounts

Event history

Directors

Unit