MIRA INFORM REPORT

Report Date :

10.05.2011

IDENTIFICATION DETAILS

Name :	TLD EUROPE
Registered Office :	Le Bourg, Le Bourg, Post Code 79420 Saint Lin
Country :	France
Financials (as on) :	31.12.2009
Date of Incorporation :	May 1987
Com. Reg. No.:	340991546
Legal Form :	Simplified Joint Stock Company
Line of Business :	Manufacturer of lifting and handling

RATING & COMMENTS

MIRA’s Rating :

A

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 :	(€) 1,960,000
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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
France	a2	a2

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

Company Summary

Company Details
Company Number	34099154600029
Name	TLD EUROPE
Telephone	05 49 63 97 90
Fax
Legal form	Simplified joint stock company
RCS Registration	340991546
Share Capital	2,209,616
Incorporation Date	05/1987
Address	LE BOURG, LE BOURG
Postcode	79420 SAINT LIN
Nationality	France

Credit Information Summary
Company Status	Economically active
Credit Limit (€)	1,960,000

Judgements Summary

No judgements against this company.

Directors Summary
Directorships	1

Accounts Summary (last 3 years)
Accounts Date	31/12/2009	31/12/2008	31/12/2007
Turnover	77,476,622	90,308,904	103,071,722
Networth	9,441,711	9,493,647	10,615,081
Number of Employees	200 to 249 employees	-	-

Company Information

company details
Company Name	TLD EUROPE
Company Number	34099154600029
Activity (APE)	Fabrication de matériel de levage et de manutention (Manufacture of lifting and handling)
Activity (APRM)
Currency	EURO (€)
Share capital	2,209,616
Registration Court	Niort (79)
Legal form	Simplified joint stock company
Court Registry Number	19 8 7B500
EU VAT Number	FR40340991546
Incorporation Date	05/1987
Formation Date	04/1987
Deregistration Date
Last account Date	31/12/2009
Nationality	France

Establishment details
Postal Address	LE BOURG,LE BOURG 79420 SAINT LIN,BP 119
Trading Address	LE BOURG,LE BOURG 79420 SAINT LIN,BP 119
Telephone	05 49 63 97 90
Fax
Sales and Services Centre	Direction Commercial Sales Headquarter Parc Tertiaire Silic 21 Rue Du Jura BP 10 525, 94633, Rungis Cedex, France
Type	Head office
Status	Economically active
Formation Date	04/1987
Reason for formation	Formation
Closure Date
Reason for closure
Reactivation Date
Production Role
Activity Nature	-
Activity Location	Other
Location Service
Seasonality

Other establishments

Branches

4 branch entities in this company

Company number	34099154600029	Company name	TLD EUROPE
Type	Head office	Activity (ape)	Fabrication de matériel de levage et de manutention
Post Code	79420	City	SAINT LIN

Company number	34099154600045	Company name	TLD EUROPE
Type	Secondary establishment	Activity (ape)	Fabrication de matériel de levage et de manutention
Post Code	37270	City	MONTLOUIS SUR LOIRE

Company number	34099154600078	Company name	TLD EUROPE
Type	Secondary establishment	Activity (ape)	Fabrication de matériel de levage et de manutention
Post Code	94150	City	RUNGIS

Company number	34099154600052	Company name	TLD EUROPE
Type	Secondary establishment	Activity (ape)	Fabrication de matériel de levage et de manutention
Post Code	94150	City	RUNGIS

Workforces
Workforce at address	50 to 99 employees
Company workforce	200 to 249 employees

Accounts & Ratios

Profit & Loss
Account Date	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
Turnover	77,476,622	-14.2%	90,308,904	-12.4%	103,071,722
Exports	58,107,607	-24.4%	76,907,154	-13.3%	88,660,999
Operating Charges	70,920,697	-18.7%	87,204,592	-9.9%	96,800,419
Operating Profit	3,672,340	-26.1%	4,972,165	-33.6%	7,489,710
Financial Income	1,458,036	-37.5%	2,331,299	147.3%	942,740
Financial Charges	1,620,571	-35.8%	2,523,542	101.1%	1,254,859
Pre-Tax Profit	3,509,805	-26.6%	4,779,922	-33.4%	7,177,591
Extraordinary Income	23,867	-55.6%	53,715	36.1%	39,459
Extraordinary Charges	24,590	-55.3%	55,035	1.3%	54,328
Net Profit	1,946,426	-27.8%	2,697,742	-29.9%	3,848,505

Balance Sheet
Account Date	31/12/2009	%	31/12/2008	%	31/12/2007
Assets
- Tangible assets	2,052,733	-13.9%	2,382,870	9.9%	2,168,963
Intangible assets	174,739	4,956.1%	3,456	-83.5%	20,951
Financial assets	4,721,742	0.0%	4,723,302	0.1%	4,718,164
Total fixed assets	6,857,745	-3.5%	7,109,627	2.9%	6,908,079
Stocks	12,535,826	-45.7%	23,076,689	14.1%	20,216,962
Receivables	11,964,795	-36.0%	18,707,663	0.3%	18,651,994
- Trade Receivables	11,461,357	-34.9%	17,593,808	7.1%	16,431,457
- Misc. Receivables	503,438	-	1,113,855	-	2,220,537
Cash	5,531,320	226.8%	1,692,737	-57.0%	3,936,967
Misc. Current Assets	137,444	-	175,294	-	16,848
Total Current Assets	30,169,385	-30.9%	43,652,383	1.9%	42,822,771
Liabilities
Trade Accounts Payable	8,216,977	-35.9%	12,813,305	-30.1%	18,334,574
Bank Loans and Liabilities	3,370,173	103.5%	1,656,425	13,938.7%	11,799
Sundry Loan and Liabilities	6,268,206	-	6,584,256	-	7,578,397
Advanced Payments Received	2,275,622	-66.4%	6,774,412	76.3%	3,843,327
Tax and Social Liabilities	3,505,193	-4.7%	3,679,474	-14.3%	4,291,471
Miscellaneous Liabilities	623,570	-	454,694	-	339,573
Provisions for Risks & Charges	1,265,071	-23.8%	1,659,225	-3.8%	1,724,635
Other Capital Resources	0	-	0	-	0
Share Capital	2,209,516	0.0%	2,209,616	0.0%	2,209,616
Revaluation Reserve	0	-	0	-	0
Other Reserves	7,232,195	-	7,284,031	-	8,405,465
Total Shareholders Funds	9,441,711	-0.5%	9,493,647	-10.6%	10,615,081
Total Assets	37,131,080	-27.8%	51,397,743	3.0%	49,923,403
Net Worth	9,266,972	-	9,490,191	-	10,594,130

Ratios
Account Date	31/12/2009	%	31/12/2008	%	31/12/2007
Structure
Protection	25.43%		18.47%		21.26%
Net Gearing	25.96%		16.03%		15.20%
Repayment Power	256.41%		190.72%		178.91%
Capital Requirement	47.00 day		42.00 day		45.00 day
Working Capital Requirement	37.00 day		43.00 day		32.00 day
Net Cash	10.00 day		0		14.00 day
Performance
Return on Invested Capital	47.00%		64.00%		101.00%
Return on Equity	20.62%		28.42%		36.26%
Gross Profit	19.43% Turnover		18.31% Turnover		18.63% Turnover
Growth v's Year Ago Qtr	-12,832,282€		-12,762,818€		22,845,946€
Inventory Returns	-36.00 day		2.00 day		-3.00 day
Receivables Days	55.00 day		71.00 day		58.00 day
Payable Days	57.00 day		60.00 day		77.00 day
SIG
Profit	22.34% Turnover		22.73% Turnover		16.64% Turnover
Gross Profit	19.43% Turnover		18.31% Turnover		18.63% Turnover
Wage and Salary distribution / Gross Profit	74.08% Turnover		67.95% Turnover		59.47% Turnover
Gross Operating Surplus	4.18% Turnover		5.03% Turnover		6.78% Turnover
Pre-tax Income	4.53% Turnover		5.29% Turnover		6.96% Turnover
Net Profit/Loss	2.51%		2.99%		3.73%

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.

Group Structure

Ultimate Parent
Ultimate Parent Company	AXA SA
Companies in Group	655
Company Name	Country	Share	Latest Annual Accounts
AXA SA	572093920	-	31/12/2009
-AXA FINANCIAL INC	United States of America	100 %	N/A
-AXA EQUITABLE FINANCIAL SERVICES LLC	United States of America	100 %	N/A
-AXA EQUITABLE LIFE INSURANCE COMPANY	United States of America	100 %	N/A
ALLIANCEBERNSTEIN LP	United States of America	35.90 %	N/A
AXA DISTRIBUTORS LLC	United States of America	100 %	N/A
-AXA DISTRIBUTION HOLDING CORPORATION	United States of America	100 %	N/A
AXA NETWORK LLC	United States of America	100 %	N/A
AXA ADVISORS LLC	United States of America	100 %	N/A
PLANCONNECT LLC	United States of America	100 %	N/A
AXA EQUITABLE LIFE AND ANNUITY COMPANY	United States of America	100 %	N/A
-MONY LIFE INSURANCE COMPANY	United States of America	100 %	N/A
MONY LIFE INSURANCE COMPANY OF AMERICA	United States of America	100 %	N/A
-MONY FINANCIAL SERVICES INC	United States of America	100 %	N/A
MONY SECURITIES CORPORATION	United States of America	100 %	N/A
MONY BROKERAGE INC	United States of America	100 %	N/A
U.S. FINANCIAL LIFE INSURANCE COMPANY	United States of America	100 %	N/A
AXA FINANCIAL BERMUDA LTD	Bermuda	100 %	N/A
-AXA JAPAN HOLDING CO. LTD	Japan	78.29 %	N/A
AXA LIFE INSURANCE CO. LTD	Japan	100 %	N/A
AXA NON LIFE INSURANCE CO LTD	Japan	100 %	N/A
AXA COLLECTION SERVICES CO. LTD	Japan	100 %	N/A
AXA FINANCIAL LIFE INSURANCE CO. LTD.	Japan	100 %	N/A
NEXTIA LIFE INSURANCE CO. LTD	Japan	95 %	N/A
AXA GENERAL INSURANCE CO. LTD	Japan	100 %	N/A
WHALE CDO EQUITY FUND	United Kingdom	99.97 %	N/A
-HISPANOWIN SA	Spain	100 %	N/A
-AXA AURORA IBERICA SA DE SEGUROS Y REASEGUROS	Spain	99.70 %	N/A
AXA AURORA VIDA	Spain	99.67 %	N/A
KYOBO AUTOMOBILE INSURANCE	South Korea	92.73 %	N/A
AXA GENERAL INSURANCE HONG KONG LTD	Hong Kong	100 %	N/A
AXA INSURANCE LIFE	Greece	99.89 %	N/A
AXA INSURANCE P&C	Greece	99.89 %	N/A
IPAC PORTFOLIO MANAGEMENT DUBLIN LIMITED	Ireland	54.07 %	N/A
AXA CORPORATE SOLUTIONS ASSURANCE	United States of America	98.75 %	N/A
-AXA MEDITERRANEAN HOLDING SA	Spain	100 %	N/A
AXA MPS ASSICURAZIONI DANNI S.P.A	Italy	50 %	N/A
AXA MPS ASSICURAZIONI VITA S.P.A	Italy	50 %	N/A
SEGURO DIRECTO GERE COMPANHIA DE SEGUROS SA	Portugal	100 %	N/A
CRÉDIT AGRICOLE LIFE SERBIJA	Serbia	-1	N/A
AXA ASSURANCE ALGÉRIE DOMMAGE	Algeria	99.94 %	N/A
AXA ASSURANCE ALGÉRIE VIE	Algeria	99.94 %	N/A
AXA DÉVELOPPEMENT ALGÉRIE	Algeria	99.94 %	N/A
AXA INSURANCE AE	Greece	99.89 %	N/A
AXA USLUGE AD	Serbia	100 %	N/A
-AXA SEGUROS S.A. DE CAPITAL VARIABLE	Mexico	99.94 %	N/A
AXA SALUD S.A. DE C.V	Mexico	99.99 %	N/A
-SERVICIOS IMMOBILIARIOS LA COMERCIAL S.A. DE C.V	Mexico	99.99 %	N/A
-ADMINISTRADORA DE RECURSOS HUMANOS Y ADMINISTRATIVOS S.A. DE C.V	Mexico	98 %	N/A
AXA CAJA DE EMPLEADOS S.C	Mexico	66.66 %	N/A
UNIVERSIDAD AXA AC	Mexico	50 %	N/A
PROMOTORA Y ADMINISTRADORA DE FUERZA AZUL, S.A. DE C.V.	Mexico	98 %	N/A
-CONSULTORIA Y ASESORIA EN SERVICIOS CORPORATIVOS Y DE ADMINISTRACIÓN S.A. DE C.V	Mexico	98 %	N/A
UNIVERSIDAD AXA AC	Mexico	50 %	N/A
PROMOTORA DE RECURSOS Y FUERZA EFECTIVA S.A	Mexico	98 %	N/A
FUNDACIÓN AXA A.C	Mexico	50 %	N/A
INVERSIONES CORPORATIVAS AUTOMOTRICES S.A. DE C.V	Mexico	50 %	N/A
AXA FIANZAS S.A	Mexico	99.99 %	N/A
PROYECTOS Y SERVICIOS DE FUERZAS EN VENTA S.A. DE C.V	Mexico	99.99 %	N/A
AXA HOLDING AS	Turkey	50 %	N/A
-AXA SEGUROS GENERALES S.A DE SEGUROS Y REASEGUROS	Spain	99.89 %	N/A
AXA ASERORES SEGUROS E INVERSIONES AGENCIA DE SEGUROS SA	Spain	100 %	N/A
AUXILIAR DE SEGUROS, SOCIEDAD AGENCIA DE SEGUROS S.L	Spain	100 %	N/A
ASESORES DE SEGUROS, ASEGUR AGENCIA DE SEGUROS, SA	Spain	100 %	N/A
PUNTOS AZULES ASESORES DE SEGUROS AGENCIA DE SEGUROS SA	Spain	100 %	N/A
FUNDACION AXA	Spain	66.66 %	N/A
-AXA VIDA S.A. DE SEGUROS Y REASEGUROS	Spain	99.80 %	N/A
FUNDACION AXA	Spain	33.33 %	N/A
-AXA AURORA VIDA DE SEGUROS Y REASEGUROS	Spain	99.96 %	N/A
AXA IBERCAPITAL AGENCIA DE VALORES S.A.	Spain	100 %	N/A
WINTERTHUR SERVICE S.A	Spain	100 %	N/A
AXA PENSIONES S.A. E.G.F.P	Spain	100 %	N/A
AXA WINTERTHUR SALUD SA DE SEGUROS	Spain	100 %	N/A
-AXA MEDLA IT & LOCAL SUPPORT SERVICES S.A	Spain	100 %	N/A
WEBINSURANCE PARTNERS	Spain	50 %	N/A
-HILO DIRECT SEGUROS Y REASEGUROS	Spain	99.99 %	N/A
ASESORES HILO DIRECT AGENCIA DE SEGUROS SA	Spain	100 %	N/A
AXA MILLÉSIMES	702047424	40.15 %	31/12/2009
-AXA ASSURANCES IARD MUTUELLE	775699309	-1	N/A
SCI PARTICIPATIONS IMMOBILIÈRES	393532619	69.97 %	N/A
HOLMUPAR	383584984	40 %	31/12/2009
AXA OEUVRES D'ART	348217548	75 %	31/12/2009
LOR MATIGNON	317853679	99.98 %	31/12/2009
MONVOISIN ASSURANCES	542062542	99.99 %	31/12/2009
-AXA ASSURANCES VIE MUTUELLE	353457245	-1	N/A
-SOCIÉTÉ CIVILE IMMOBILIÈRE PIERRE CROISSANCE	309685956	60.10 %	N/A
SOCIÉTÉ CIVILE IMMOBILIÈRE DES PLACEMENTS IMMOBILIERS DU GROUPE ANCIENNE MUTUELLE	306304130	49.20 %	N/A
SOCIÉTÉ CIVILE IMMOBILIÈRE DES BUREAUX DU GROUPE ANCIENNE MUTUELLE	309685964	56.10 %	N/A
SOCIÉTÉ CIVILE IMMOBILIÈRE DES BUREAUX DU GROUPE ANCIENNE MUTUELLE	309685964	43.90 %	N/A
HOLMUPAR	383584984	60 %	31/12/2009
-COLISÉE RE	542066394	99.90 %	31/12/2009
-AXA LM INVESTMENTS SCA	Luxembourg	99.90 %	N/A
HORCHRHEIN INTERNATIONALE RÜCKVERSICHERUNG AG	Germany	100 %	N/A
AXA RE UK TRUSTEES LTD	United Kingdom	100 %	N/A
AXA COURT TERME	326085180	-2	30/12/2005
AXA AFFIN GENERAL INSURANCE BERHAD	Malaysia	42.40 %	N/A
AXA GROUP REGIONAL BUSINESS MANAGEMENT SHANGHAI CO. LTD	China	51 %	N/A
AXA ASIA REGIONAL CENTRE PTE LTD	Singapore	100 %	N/A
AXA POJIST'OVNA AS	Czech Republic	100 %	N/A
AXA GROUP SOLUTIONS PRIVATE LIMITED	India	50 %	N/A
JSC IC AXA UKRAINE	Ukraine	50 %	N/A
AUTOPISTA TRADOS M-45 SA	Spain	50 %	N/A
AXA MEXIQUE	Mexico	100 %	N/A
AXA EQUITY & LAW LIFE ASSURANCE SOCIETY	United Kingdom	-1	N/A
AXA INDIA HOLDINGS	Mauritius	50 %	N/A
-PORTMAN HOLDINGS UK LIMITED	United Kingdom	-1	N/A
-PORTMAN INSURANCE LTD	United Kingdom	78.90 %	N/A
AXA REINSURANCE UK LTD	United Kingdom	100 %	N/A
-AXA INSURANCE EC	Bahrain	90 %	N/A
AXA INSURANCE GULF B.S.C.	Bahrain	50 %	N/A
AXA INSURANCE SAUDI ARABIA B.S.C	Bahrain	50 %	N/A
AXA MIDDLE EAST SAL	Lebanon	49 %	N/A
AXA HOLDING SAL	Lebanon	100 %	N/A
AXA GENERAL INSURANCE	South Korea	92.73 %	N/A
ASM HOLDINGS LIMITED	Thailand	48.80 %	N/A
JSC IC AXA INSURANCE	Ukraine	50 %	N/A
AXA REINSURANCE IRELAND	Ireland	100 %	N/A
OMNIASIG LIFE INSURANCE COMPANY SA	Romania	-1	N/A
MBASK INSURANCE COMPANY	Azerbaijan	51 %	N/A
B&B INSURANCE	Belarus	80 %	N/A
-AXA HOLDINGS BELGIUM	Belgium	84.30 %	N/A
-AXA BELGIUM SA	Belgium	96.91 %	N/A
-AXA LUXEMBOURG SA	Luxembourg	49 %	N/A
-AXA ASSURANCES LUXEMBOURG	Luxembourg	99.99 %	N/A
IMMOCHAPELLE	Luxembourg	75 %	N/A
AXA ASSURANCES VIE LUXEMBOURG	Luxembourg	99.99 %	N/A
CONTERE	Luxembourg	99.95 %	N/A
SERVIS	Belgium	88.45 %	N/A
LES ASSURÉS RÉUNIS S.A	Belgium	99.93 %	N/A
-TOURING ASSURANCES SA	Belgium	99.87 %	N/A
ISCC	Belgium	99.98 %	N/A
ASSURANCES DE LA POSTE VIE	Belgium	100 %	N/A
AXA LUXEMBOURG SA	Luxembourg	51 %	N/A
-AXA BANK EUROPE	Belgium	100 %	N/A
AXA PRIVATE MANAGEMENT	Belgium	100 %	N/A
AXA BANK EUROPE POBOCKA ZAHRANICNEJ BANKY	Slovakia	100 %	N/A
SERVIS-LIFE	Belgium	100 %	N/A
L'ARDENNE PRÉVOYANTE	Belgium	100 %	N/A
AXA BANK EUROPE SA MAGYARORSZÁGI FIÓKTELEPE	Hungary	100 %	N/A
AXA SZOLGÁLTATÓ KFT	Hungary	100 %	N/A
-AXA LIABILITIES MANAGERS	443984778	99.90 %	31/12/2008
AXA LIABILITIES MANAGERS INC	United States of America	100 %	N/A
AXA LM SWITZERLAND AG	Switzerland	100 %	N/A
AXA LM GP SÀRL	Luxembourg	100 %	N/A
-HELIX UK LTD	United Kingdom	100 %	N/A
HELIX US INC	United States of America	100 %	N/A
LOR PATRIMOINE	408977379	100 %	31/12/2009
HOLDING VENDÔME 3	403197155	100 %	31/12/2009
AXA ASSURANCES GABON	Gabon	86.49 %	N/A
-AXA ITALIA SPA	Italy	98.24 %	N/A
AXA INTERLIFE S.P.A	Italy	100 %	N/A
-AXA ASSICURAZIONI S.P.A	Italy	100 %	N/A
AXA PARTECIPAZIONI S.P.A	Italy	100 %	N/A
ORSA S.R.L	Italy	100 %	N/A
-CENTURION IMMOBILIARE S.P.A	Italy	100 %	N/A
PORTA ROMANA IMMOBILIARE S.R.L	Italy	48.64 %	N/A
PORTA ROMANA IMMOBILIARE S.R.L	Italy	51.36 %	N/A
QUIXA S.P.A	Italy	99 %	N/A
DISTRIBUZIONE PREVIDENZA SRL	Italy	100 %	N/A
PT ASURANSI AXA INDONESIA	Indonesia	80 %	N/A
VOLTAIRE PARTICIPACOES	Brazil	100 %	N/A
-AXA ASSISTANCE SA	410011209	100 %	31/12/2009
-INTER PARTNER ASSISTANCE SA	Spain	100 %	N/A
INTER PARTNER ASISTENCIA SERVICIOS ESPANA	Spain	100 %	N/A
G MAS R ASISTENCIA	Spain	50 %	N/A
IURIS GESTION SA	Spain	55 %	N/A
-HOGAR SOLUCIONES 2012 SA	Spain	80 %	N/A
HOGAR SOLUCIONES MADRID SL	Spain	100 %	N/A
HOGAR SOLUCIONES BARCELONO SL	Spain	100 %	N/A
HOGAR SOLUCIONES VALENCIA SL	Spain	100 %	N/A
HOGAR SOLUCIONES MURCIA SL	Spain	100 %	N/A
AXA ASSISTANCE MAROC	Morocco	59 %	N/A
-INTER PARTNER ASSISTANCE SA	Belgium	100 %	N/A
IPA TAIWAN LTD	Hong Kong	100 %	N/A
AXA ASSISTANCE JAPAN LTD	Japan	50 %	N/A
AXA ASSISTANCE PTE LTD	India	100 %	N/A
INTER PARTNER ASSISTANCE ALGÉRIE SPA	Algeria	50 %	N/A
CALL US ASSISTANCE INTERNATIONAL GMBH	Austria	39 %	N/A
INTER PARTNER ASSISTANCE SERVICES	Belgium	100 %	N/A
AUTO CLUB ASSISTANCE	Belgium	51 %	N/A
AXA ASSISTANCE CESKA REPUBLIKA SPOL	Czech Republic	100 %	N/A
AXA ASSISTANCE OCEAN INDIEN LTD	Mauritius	100 %	N/A
-AXA ASSISTANCE DEUTSCHLAND GMBH	Germany	100 %	N/A
AXA ASSISTANCE CLAIMS CENTER LTD	United Kingdom	100 %	N/A
ROGERS OUTSOURCING SOLUTIONS LTD	Mauritius	50 %	N/A
INTER PARTNER ASSISTANCE SERVICES GMBH	Germany	100 %	N/A
AXA ASSISTANCE SERVICES	Greece	100 %	N/A
INTER PARTNER ASSISTENZA SERVIZI SPA	Italy	80 %	N/A
AXA ASSISTANCE MAROC SERVICES	Morocco	100 %	N/A
INTER PARTNER ASSISTANCE SERVICES BV	Netherlands	100 %	N/A
INTER PARTNER ASSISTANCE POLSKA SA	Poland	100 %	N/A
-AXA ASSISTANCE SERVIÇOS	Portugal	100 %	N/A
AXA ASSISTANCE SAUDE PORTUGAL	Portugal	100 %	N/A
IPA Y ARDIM VE DESTEK HILMZTLERI TICARET LTD	Turkey	100 %	N/A
-AXA ASSISTANCE UK	United Kingdom	100 %	N/A
AXA ASSISTANCE IRELAND LTD	Ireland	51 %	N/A
AXA ASSISTANCE MEDICAL SERVICES LTD	Ireland	100 %	N/A
AXA ASSISTANCE ARGENTINE	Argentina	100 %	N/A
-INTER PARTNER ASSISTANCE S/C LTDA	Brazil	100 %	N/A
INTERASSISTENÇA SERVIÇOS S/C LTDA	Brazil	100 %	N/A
PLANTAO MEDICA S/C LTDA	Brazil	100 %	N/A
AXA ASSISTANCE CANADA INC	Canada	100 %	N/A
AXA ASISTENCIA COLOMBIA SA	Colombia	66.30 %	N/A
AXA ASISTENCIA CHILE SA	Chile	100 %	N/A
-AXA ASSISTANCE MEXICO SA DE CV	Mexico	100 %	N/A
AXA ASSISTANCE PANAMA	Panama	100 %	N/A
-AXA ASSISTANCE USA INC	United States of America	100 %	N/A
AXA ASSISTANCE FLORIDA INC	United States of America	100 %	N/A
-AXA ASSISTANCE USA HOLDING INC	United States of America	100 %	N/A
HAA PREFERRED PARTNERS	United States of America	100 %	N/A
AXA ASSISTANCE AUSTRALIA PTY LTD	Australia	100 %	N/A
-INTER PARTNER ASSISTANCE HONG-KONG LTD	Hong Kong	100 %	N/A
AXA ASSISTANCE BEIJING LTD	China	100 %	N/A
SFA ASIA	Hong Kong	100 %	N/A
AXA ASSISTANCE PTE LTD	Singapore	100 %	N/A
-AXA ASSISTANCE COMPANY LTD	Thailand	97.49 %	N/A
INTER PARTNER ASSISTANCE SA	Thailand	100 %	N/A
-AXA TRAVEL HOLDING	Ireland	100 %	N/A
AXA ASSISTANCE TRAVEL EUROPE LTD	Ireland	100 %	N/A
-AXA ASSISTANCE TRAVEL LTD	Ireland	100 %	N/A
AXA TRAVEL INSURANCE LTD	Ireland	50 %	N/A
AXA ASSISTANCE AERO MEDICAL SERVICES LTD	Ireland	100 %	N/A
AXA ASSISTANCE EUROPE SERVICES LTD	Ireland	100 %	N/A
AXA ASSISTANCE FRANCE ASSURANCES SA	451392724	100 %	31/12/2008
-AXA ASSISTANCE FRANCE SA	311338339	100 %	31/12/2009
-AXA ASSISTANCE PARTICIPATIONS	950586701	100 %	31/12/2009
DOMISERVE	484170832	50 %	31/12/2009
PLURIDIS	432840858	60 %	31/12/2009
-EMERGENCY MEDICAL CARE HOLDING LTD	United Kingdom	100 %	N/A
EMC ALGERIA LTD	Algeria	100 %	N/A
-TRUCK ASSISTANCE INTERNATIONAL	410246128	100 %	31/12/2008
TAI TRANSPORT ASSISTANCE SA	478582992	100 %	31/12/2008
LES COURS LEGENDRE SAS	672031937	34 %	31/12/2009
MAISON & SERVICES DÉVELOPPEMENT	480628387	34 %	31/12/2009
GROUPE FAMILY SPHÈRE	490244308	34 %	30/06/2009
ADHAP PERFORMANCES	411736325	80 %	31/12/2009
-AXA HOLDING MAROC SA	Morocco	100 %	N/A
-AXA ASSURANCE MAROC	Morocco	100 %	N/A
EPARGNE CROISSANCE	Morocco	99.62 %	N/A
ONA COURTAGE	Morocco	49 %	N/A
RECAB	Morocco	94.10 %	N/A
ACRED	Morocco	86.94 %	N/A
STÉ GESTION ET SURVEILLANCE	Morocco	100 %	N/A
FORCE 2	Morocco	50 %	N/A
-ONA COURTAGE	Morocco	51 %	N/A
AGMA-LAHLOU-TAZI	Morocco	50.30 %	N/A
AXA EUROPE OPPORTUNITÉS	348926213	53.76 %	30/12/2005
AXA KONZERN AG	Germany	34.64 %	N/A
-AXA PORTUGAL COMPANHIA DE SEGUROS SA	Portugal	83.02 %	N/A
AXA ITMED UNIPESSOAL LDA	Portugal	100 %	N/A
EMPRESA ARTISTICA SA	Portugal	89 %	N/A
AXA DISTRIBUIÇÃO SOCIEDADE MEDIAÇÃO UNIPESSOAL LTA	Portugal	100 %	N/A
-AXA CANADA INC	Canada	100 %	N/A
-AXA ASSURANCES INC	Canada	100 %	N/A
AXA INSURANCE INC	Canada	100 %	N/A
AXA GENERAL INSURANCE	Canada	100 %	N/A
2623-6158 QUÉBEC INC	Canada	100 %	N/A
SERVICES FINANCIERS AXA ASSURANCES	Canada	100 %	N/A
SECURIGROUPE INC	Canada	100 %	N/A
AXA PACIFIC INSURANCE COMPANY	Canada	100 %	N/A
AXA ASSURANCES AGRICOLES INC	Canada	100 %	N/A
ANTHONY INSURANCE INCORPORATED	Canada	100 %	N/A
4132653 CANADA INC	Canada	100 %	N/A
AGENCE GILLES GADOUA INC	Canada	50 %	N/A
-3848311 CANADA INC	Canada	100 %	N/A
4377320 CANADA INC	Canada	100 %	N/A
AGENCE GILLES GADOUA INC	Canada	50 %	N/A
INNOVASSUR ASSURANCES GÉNÉRALES INC	Canada	90 %	N/A
AXA CHINA	409155934	51 %	31/12/2009
-AXA INVESTMENT MANAGERS SA	393051826	73.90 %	31/12/2009
AXA INVESTMENT MANAGERS IRELAND LTD	Ireland	100 %	N/A
AXA INVESTMENT MANAGERS BENELUX	Belgium	100 %	N/A
AXA INVESTMENT MANAGERS DEUTSCHLAND GMBH	Germany	92.50 %	N/A
-AXA REAL ESTATE INVESTMENT MANAGERS	414872028	100 %	31/12/2009
AXA REAL ESTATE INVESTMENT MANAGERS SGP	500838214	99.90 %	31/12/2009
AXA REAL ESTATE INVESTMENT MANAGERS SINGAPORE PRIVATE LTD	Singapore	100 %	N/A
AXA REAL ESTATE INVESTMENT MANAGERS SCANDINAVIA AB	Sweden	100 %	N/A
AXA REAL ESTATE INVESTMENT MANAGERS NEDERLAND BV	Netherlands	100 %	N/A
AXA REAL ESTATE INVESTMENT MANAGERS IBERICA	Spain	100 %	N/A
AXA REAL ESTATE INVESTMENT MANAGERS IBERICA - EXPLORAÇAO DE IMOVEIS SA	Portugal	100 %	N/A
AXA REAL ESTATE INVESTMENT MANAGERS FRANCE	397991670	99.90 %	31/12/2009
-AXA REAL ESTATE INVESTMENT MANAGERS ITALIA	Italy	100 %	N/A
AXA REIM SGR	Italy	100 %	N/A
AXA REAL ESTATE INVESTMENT MANAGERS ASIA LIMITED	Hong Kong	100 %	N/A
AXA REAL ESTATE INVESTMENT MANAGERS CENTRAL EUROPE LLC	Hungary	100 %	N/A
-AXA IMMOBILIEN GMBH	Germany	100 %	N/A
AXA MERKENS FONDS GMBH	Germany	100 %	N/A
AXA REAL ESTATE MANAGERS DEUTSCHLAND	Germany	100 %	N/A
AXA PROPERTY MANAGERS GMBH	Germany	100 %	N/A
-AXA REAL ESTATE INVESTMENT MANAGERS LTD	United Kingdom	100 %	N/A
AXA REAL ESTATE INVESTMENT MANAGERS UK LIMITED	United Kingdom	100 %	N/A
AXA REIM BELGIUM	Belgium	99.90 %	N/A
AXA REAL ESTATE INVESTMENT MANAGERS JAPAN KK	Japan	100 %	N/A
AXA INVESTMENT MANAGERS IF	414875575	100 %	31/12/2004
AXA ROSENBERG INVESTMENT MANAGEMENT LTD	Japan	66 %	N/A
AXA INVESTMENT MANAGERS GS	United Kingdom	100 %	N/A
AXA INVESTMENT MANAGERS ASIA LIMITED	Hong Kong	100 %	N/A
AXA MULTIMANAGER LTD	United Kingdom	100 %	N/A
-AXA ASSET MANAGEMENT LTD	United Kingdom	100 %	N/A
-AXA INVESTMENT MANAGERS UK HOLDINGS	United Kingdom	33.30 %	N/A
AXA FUNDS MANAGERS LTD	United Kingdom	100 %	N/A
AXA IM UK NOMINEES LTD	United Kingdom	100 %	N/A
AXA FUNDS MANAGEMENT	Luxembourg	100 %	N/A
AXA INVESTMENT MANAGERS ITALIA SIM SPA	Italy	99.90 %	N/A
AXA INVESTMENT MANAGERS HOLDING US INC	United States of America	100 %	N/A
AXA ASSET MANAGERS DEUTSCHLAND GMBH	Germany	100 %	N/A
AXA INVESTMENT MANAGERS LLC	Qatar	100 %	N/A
-AXA IM ROSE INC	United States of America	90 %	N/A
AXA IM INC	United States of America	100 %	N/A
-AXA ROSENBERG GROUP LLC	United States of America	75 %	N/A
AXA ROSENBERG INVESTMENT MANAGEMENT LTD	United Kingdom	100 %	N/A
AXA ROSENBERG MANAGEMENT IRELAND LTD	Ireland	100 %	N/A
AXA ROSENBERG INVESTMENT MANAGEMENT LLC	United States of America	100 %	N/A
BARR ROSENBERG RESEARCH CENTER LLC	United States of America	100 %	N/A
AXA ROSENBERG GLOBAL SERVICES LLC	United States of America	100 %	N/A
AXA ROSENBERG CANADA CO.	Canada	100 %	N/A
-AXA ROSENBERG ASIA PACIFIC HOLDING LLC	United States of America	80.40 %	N/A
-AXA ROSENBERG INVESTMENT MANAGEMENT ASIA PACIFIC LTD	Hong Kong	100 %	N/A
SEAL NOMINEES HONG KONG LTD	Hong Kong	100 %	N/A
AXA ROSENBERG INVESTMENT MANAGEMENT ASIA PACIFIC LTD	Singapore	100 %	N/A
AXA ALTERNATIVE ADVISORS	United States of America	100 %	N/A
AXA GLOBAL STRUCTURED PRODUCTS	United States of America	100 %	N/A
AXA INVESTMENT MANAGERS UK HOLDINGS	United Kingdom	66.70 %	N/A
AXA INVESTMENT MANAGERS ASIA HOLDINGS PRIVATE LIMITED	Singapore	55 %	N/A
AXA INVESTMENT MANAGERS SCHWEIZ AG	Switzerland	100 %	N/A
AXA INVESTMENT MANAGERS LIMITED	United Kingdom	100 %	N/A
-AXA FRAMLINGTON GROUP LTD	United Kingdom	100 %	N/A
AXA FRAMLINGTON INVESTMENT TRUST SERVICES LTD	United Kingdom	100 %	N/A
AXA FRAMLINGTON ADMINISTRATION SERVICES LTD	United Kingdom	100 %	N/A
-AXA INVESTMENT MANAGERS UK LIMITED	United Kingdom	75 %	N/A
AXA FRAMLINGTON INVESTMENT MANAGEMENT LTD	United Kingdom	100 %	N/A
AXA FRAMLINGTON UNIT MANAGEMENT LTD	United Kingdom	100 %	N/A
AXA FRAMLINGTON OVERSEAS IM LTD	United Kingdom	100 %	N/A
AXA SPDB INVESTMENTS MANAGERS COMPANY LTD	China	39 %	N/A
KYOBO AXA INVESTMENT MANAGERS COMPANY LIMITED	South Korea	50 %	N/A
ACF INVESTISSEMENT	497844316	-1	N/A
-AXA INVESTMENT MANAGERS PRIVATE EQUITY	403081714	99.97 %	31/12/2009
-SYNERLAB	408877462	-1	31/12/2009
LABORATOIRE BTT	316252295	-1	31/12/2009
SOPHARTEX	775576002	-1	31/12/2010
PHARMASTER	350158713	-1	31/12/2009
AXA PRIVATE EQUITY EASTERN EUROPE GMBH	Austria	100 %	N/A
AXA PRIVATE EQUITY SWITZERLAND AG	Switzerland	100 %	N/A
ROLLON SRL	Italy	51.80 %	N/A
AXA PRIVATE EQUITY SECONDARIES LTD	N/A	100 %	N/A
AXA PRIVATE EQUITY US LLC	United States of America	100 %	N/A
AXA PRIVATE EQUITY ITALY SRL	Italy	100 %	N/A
AXA PRIVATE EQUITY UK LTD	United Kingdom	100 %	N/A
AXA PRIVATE EQUITY ASIA PTE. LTD	Singapore	100 %	N/A
-AXA INVESTMENT MANAGERS PRIVATE EQUITY EUROPE SA	403201882	99.99 %	31/12/2009
AXA PRIVATE EQUITY GERMANY GMBH	Germany	100 %	N/A
-ALVEST	490259165	58.93 %	31/12/2008
-TLD GROUP	955513940	55.67 %	31/12/2009
-TLD EUROPE	340991546	100 %	31/12/2009
TRACMA	377830310	99.99 %	31/12/2009
ADHETEC	318761012	100 %	31/12/2004
ALBRET INDUSTRIE	353381049	100 %	31/12/2009
TLD GESTION	971508759	100 %	31/12/2009
GO VOYAGES	491249553	58 %	31/03/2010
-MINERVA ATHENA	504960709	58.25 %	31/12/2008
-ALTARES - D & B	572014199	100 %	31/12/2009
BILANS SERVICE	333192631	34 %	31/12/2009
OPTIMA ON LINE	423315597	82.50 %	31/12/2009
CYTHERIS	421350976	-2	31/12/2009
-ORBUS	422191312	80 %	31/12/2009
-TÉLÉFUN	332276880	100 %	31/12/2009
PALMYRA	392813135	100 %	31/12/2009
B COM SARL	339667925	100 %	31/12/2009
VORTEX (SKYROCK)	332149442	100 %	31/12/2009
KEBEXA PARTICIPATIONS	485282784	43.60 %	31/12/2009
WELCOME REAL TIME	403099625	80 %	31/12/2009
AXA UK INFRASTRUCTURE INVESTMENT	409160645	-2	31/12/2008
AXA INFRASTRUCTURE INVESTISSEMENT	489695957	-1	31/12/2009
SAINT GEORGES RÉ	410368757	99.90 %	31/12/2009
-COMPAGNIE FINANCIÈRE DE PARIS	552083396	100 %	31/12/2009
CFP CAPITAL CORPORATION	United States of America	100 %	N/A
-ACQUISITIONS ET GESTIONS IMMOBILIÈRES	722007101	99.60 %	31/12/2009
PROVENCE 53	377806047	99 %	31/12/2009
-SOCIÉTÉ FINANCIÈRE DE DÉVELOPPEMENT	712015007	100 %	31/12/2009
TRANSAXIM	317587137	99.94 %	31/12/2009
-ERIM PARTICIPATIONS	387740210	99.92 %	31/12/2009
ETUDES ET RÉALISATIONS IMMOBILIÈRES	652039660	100 %	31/12/2009
COLISÉE PARTICIPATIONS	337658801	99.99 %	N/A
AXA LIFE INSURANCE COMPANY LIMITED	Hong Kong	100 %	N/A
-OUDINOT PARTICIPATIONS	451291256	100 %	31/12/2009
-AXA AMERICA HOLDING INC	United States of America	99.90 %	N/A
-AXA AMERICA CORPORATE SOLUTIONS INC	United States of America	100 %	N/A
-COLISEUM REINSURANCE CO.	United States of America	100 %	N/A
-AXA DELAWARE LLC	United States of America	100 %	N/A
AXA INSURANCE CO.	United States of America	100 %	N/A
AXA RE PROPERTY & CASUALTY INSURANCE CO	United States of America	100 %	N/A
AXA CORPORATE SOLUTIONS LIFE REINSURANCE CO.	United States of America	100 %	N/A
AXA ASSURANCES SÉNÉGAL	Senegal	51.53 %	N/A
AXA SUDUIRAUT	399293919	100 %	31/12/2009
-AXA GROUP SOLUTIONS	344710082	100 %	31/12/2009
AXA GROUP SOLUTIONS PRIVATE LIMITED	India	50 %	N/A
WEBINSURANCE PARTNERS	Spain	50 %	N/A
AXA ASSURANCES CÔTE D'IVOIRE	Côte d'Ivoire	78.64 %	N/A
AXA CESSIONS	552091449	100 %	31/12/2009
AXA GENERAL INSURANCE HONG KONG LTD	Hong Kong	100 %	N/A
AXA PORTUGAL COMPANHIA DE SEGUROS DE VIDA SA	Portugal	87.63 %	N/A
SOCIÉTÉ EUROPÉENNE DE CONTRÔLE TECHNIQUE AUTOMOBILE	353716335	-2	31/12/2009
RESO GARANTIA	Russia	39.34 %	N/A
AXA ASSURANCES CAMEROUN	Cameroon	99.90 %	N/A
AXA INSURANCE SINGAPORE PTE LTD	Singapore	100 %	N/A
-AXA PARTICIPATIONS 2	572162527	100 %	31/12/2009
COLISÉE EXCELLENCE	399306034	100 %	31/12/2009
-AXA VERSICHERUNGEN AG	Switzerland	100 %	N/A
WINTERTHUR POLAND PENSION FUNDS	Poland	70 %	N/A
WINTERTHUR INVESTMENT MANAGEMENT AG	Switzerland	94.78 %	N/A
WINTERTHUR POLAND	Poland	65 %	N/A
FINANCE SOLUTIONS SARL	Luxembourg	100 %	N/A
WINTERTHUR CZECH REPUBLIC INSURANCE	Czech Republic	65.01 %	N/A
WINTERTHUR HONGRIE	Hungary	65 %	N/A
WINTERTHUR CZECH REPUBLIC PENSION FUNDS	Czech Republic	84.59 %	N/A
WINTERTHUR SLOVAQUIA	Slovakia	100 %	N/A
WINTERTHUR (UK) HOLDINGS LTD	United Kingdom	99.99 %	N/A
AXA-ARAG RECHTSSCHUTZ AG	Switzerland	66.67 %	N/A
WINTERTHUR SEGUROS GENERALES SA DE SEGUROS Y REASEGUROS	Spain	100 %	N/A
WINTERTHUR VIDA Y PENSIONES	Spain	99.80 %	N/A
AXA INSURANCE	Switzerland	100 %	N/A
AXA GENERAL INSURANCE CHINA LTD	China	100 %	N/A
AXA TOWARZYSTWO UBEZPIECZEN I REASEKURACJI S.A.	Poland	100 %	N/A
-AXA LIFE	Switzerland	100 %	N/A
AXA PENZIJNI FOND AS	Czech Republic	37.11 %	N/A
AXA ZIVOTNÍ POJIST'OVNA AS	Czech Republic	38.11 %	N/A
WINTERTHUR LIFE INDONESIA	Indonesia	60 %	N/A
-AXA BIZTOSÍTÓ ZRT.	Hungary	60.53 %	N/A
AXA MAGYARORSZÁG BEFEKTETÉSI ALAPKEZELÓ ZRT	Hungary	75.10 %	N/A
MONEY & MORE ZRT	Hungary	49 %	N/A
AXA SZEMÉLYES PÉNZÜGYEK TANÁCSADÓ KFT.	Hungary	100 %	N/A
-AXA POWSZECHNE TOWARZYSTWO EMERYTALNE S.A.	Poland	70 %	N/A
AXA POLSKA S.A.	Poland	97.73 %	N/A
-AXA TECHNOLOGY SERVICES	399214287	100 %	31/12/2009
AXA TECHNOLOGY SERVICES SOUTH EAST ASIA	Hong Kong	100 %	N/A
AXA TECHNOLOGY SERVICES SWITZERLAND AG	Switzerland	100 %	N/A
AXA TECHNOLOGY SERVICES AMERICA INC	United States of America	100 %	N/A
AXA TECHNOLOGY SERVICES MEXICO SA DE CV	Mexico	100 %	N/A
AXA TECHNOLOGY SERVICES AUSTRALIA PL	Australia	100 %	N/A
AXA TECHNOLOGY SERVICES INDIA PVT LTD	India	100 %	N/A
AXA TECHNOLOGY SERVICES GERMANY GMBH	Germany	100 %	N/A
AXA TECHNOLOGY SERVICES JAPAN COMPANY LTD	Japan	100 %	N/A
AXA TECHNOLOGY SERVICES UK LIMITED	United Kingdom	100 %	N/A
AXA HOLDING AS	Turkey	50 %	N/A
GLOBEX INTERNATIONAL	432106755	100 %	31/12/2009
-VINCI B.V	Netherlands	100 %	N/A
AXA KONZERN AG	Germany	39.73 %	N/A
KÖLNISCHE VERWALTUNGS AG FUR VERSICHERUNGSWERTE	Germany	67.71 %	N/A
-SOCIÉTÉ BEAUJON	632050316	100 %	31/12/2009
VAMOPAR	392504270	99.98 %	31/12/2009
AXA ZIVOTNÍ POJIST'OVNA AS	Czech Republic	41.38 %	N/A
AXA PENZIJNI FOND AS	Czech Republic	55.74 %	N/A
AXA ELYSÉES	428197149	100 %	31/12/2009
AXA GAMBETTA	484537949	100 %	31/12/2009
-GRAYWOOD INVESTMENTS LIMITED	United Kingdom	100 %	N/A
AXA BUSINESS SERVICES	India	99.99 %	N/A
-AXA ZYCIE TOWARZYSTWO UBEZPIECZEN S.A	Poland	53 %	N/A
AXA TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A.	Poland	100 %	N/A
AXA EQUITY & LAW PLC	United Kingdom	99.90 %	N/A
AXA LIFE EUROPE	Ireland	100 %	N/A
AXA LIFE HONG KONG	Hong Kong	100 %	N/A
-AXA UK PLC	United Kingdom	78.30 %	N/A
-GBI HOLDINGS LIMITED	United Kingdom	100 %	N/A
SWIFTCOVER INSURANCE SERVICES LIMITED	United Kingdom	100 %	N/A
ARCHITAS MULTI-MANAGER LIMITED	United Kingdom	100 %	N/A
ARCHITAS ADVISORY SERVICES LIMITED	United Kingdom	100 %	N/A
-BLUEFIN GROUP LIMITED	United Kingdom	100 %	N/A
-BLUEFIN ADVISORY SERVICES LIMITED	United Kingdom	100 %	N/A
THINC GROUP HOLDINGS LIMITED	United Kingdom	100 %	N/A
SBJ GROUP LIMITED	United Kingdom	100 %	N/A
SBJ GLOBAL RISKS LIMITED	United Kingdom	100 %	N/A
-BLUEFIN INSURANCE GROUP LIMITED	United Kingdom	100 %	N/A
THE DAVIS GROUP PLC	United Kingdom	100 %	N/A
SBJ HOLDINGS LIMITED	United Kingdom	100 %	N/A
LAYTON BLACKHAM HOLDINGS LIMITED	United Kingdom	100 %	N/A
STUART ALEXANDER GROUP LIMITED	United Kingdom	100 %	N/A
SMART & COOK HOLDINGS LIMITED	United Kingdom	100 %	N/A
AXA ADVISORY HOLDINGS LIMITED	United Kingdom	100 %	N/A
ADVISORY SERVICES LIMITED	United Kingdom	100 %	N/A
-GUARDIAN ROYAL EXCHANGE PLC	United Kingdom	100 %	N/A
-AXA INSURANCE PLC	United Kingdom	100 %	N/A
-AXA HOLDINGS IRELAND LIMITED	Ireland	100 %	N/A
-AXA IRELAND LIMITED	Ireland	100 %	N/A
AXA GROUP SERVICES LIMITED	Ireland	100 %	N/A
AXA INSURANCE LIMITED	Ireland	100 %	N/A
AXA IRELAND PENSION TRUSTEES LIMITED	Ireland	100 %	N/A
AXA ASSISTANCE IRELAND LTD	Ireland	49 %	N/A
AXA FINANCIAL LIMITED	Ireland	100 %	N/A
THE ROYAL EXCHANGE ASSURANCE	United Kingdom	100 %	N/A
-AXA INSURANCE UK PLC	United Kingdom	100 %	N/A
-AXA GENERAL INSURANCE LIMITED	United Kingdom	100 %	N/A
AXA PPP HEALTHCARE LIMITED	United Kingdom	100 %	N/A
AXA SERVICES LIMITED	United Kingdom	100 %	N/A
-AXA SUN LIFE HOLDINGS PLC	United Kingdom	100 %	N/A
SUN LIFE ASSURANCE SOCIETY PLC	United Kingdom	100 %	N/A
AXA PORTFOLIO SERVICES LIMITED	United Kingdom	100 %	N/A
-AXA SUN LIFE PLC	United Kingdom	100 %	N/A
THE ANNUITY COMPANY LIMITED	United Kingdom	100 %	N/A
AXA SUN LIFE SERVICES PLC	United Kingdom	100 %	N/A
-WINTERTHUR UK FINANCIAL SERVICES GROUP LIMITED	United Kingdom	100 %	N/A
-WINTERTHUR LIFE UK HOLDINGS LIMITED	United Kingdom	100 %	N/A
-WINTERTHUR LIFE UK LIMITED	United Kingdom	100 %	N/A
WINTERTHUR PENSION TRUSTEES UK LIMITED	United Kingdom	100 %	N/A
WINTERTHUR PENSION FUNDS UK LIMITED	United Kingdom	100 %	N/A
-WINTERTHUR FINANCIAL SERVICES UK HOLDINGS LIMITED	United Kingdom	100 %	N/A
WINTERTHUR TRUSTEE SERVICES LIMITED	United Kingdom	100 %	N/A
AXA SUN LIFE DIRECT LIMITED	United Kingdom	100 %	N/A
-AXA ASIA PACIFIC HOLDINGS LIMITED	Australia	54 %	N/A
MLC INDONESIA	Indonesia	100 %	N/A
PT AXA LIFE INDONESIA	Indonesia	80 %	N/A
MLC HONG KONG	Hong Kong	100 %	N/A
-NATIONAL MUTUAL INTERNATIONAL PTY LTD	Australia	100 %	N/A
DETURA LIMITED	British Virgin Islands	100 %	N/A
AXA INDIA HOLDINGS	Mauritius	50 %	N/A
NM INSURANCES SINGAPORE PTE LTD	Singapore	100 %	N/A
-AXA FINANCIAL SERVICES SINGAPORE PTE LTD	Singapore	100 %	N/A
AXA LIFE INSURANCE SINGAPORE PRIVATE LTD	Singapore	100 %	N/A
IPAC FINANCIAL PLANNING SINGAPORE PRIVATE LIMITED	Singapore	100 %	N/A
AXA WEALTH MANAGEMENT SINGAPORE PTE LTD	Singapore	100 %	N/A
PT AXA MANDIRI FINANCIAL SERVICES	Indonesia	51 %	N/A
-AXA CHINA REGION LTD	Hong Kong	72.97 %	N/A
-AXA CHINA	409155934	49 %	31/12/2009
AXA-MINMETALS ASSURANCE CO LTD	China	51 %	N/A
AXA GROUP REGIONAL BUSINESS MANAGEMENT SHANGHAI CO. LTD	China	49 %	N/A
-AXA WEALTH MANAGEMENT HK LIMITED	Hong Kong	100 %	N/A
-SWISS PRIVILEGE LIMITED	Hong Kong	100 %	N/A
DATRIX LIMITED	Hong Kong	100 %	N/A
-AXA FINANCIAL SERVICES HOLDINGS LIMITED	Bermuda	100 %	N/A
AXA HONG KONG LIFE INSURANCE COMPANY LIMITED	Hong Kong	100 %	N/A
NETWORK FINANCIAL SERVICES LIMITED	Hong Kong	100 %	N/A
-AXA CHINA REGION INSURANCE COMPANY BERMUDA LIMITED	Bermuda	100 %	N/A
AXA CHINA REGION INVESTMENT SERVICES LIMITED	Hong Kong	100 %	N/A
IPAC FINANCIAL PLANNING HONG KONG LIMITED	Hong Kong	100 %	N/A
AXA CHINA REGION INSURANCE COMPANY LIMITED	Hong Kong	100 %	N/A
AXA PARTNERS LIMITED	Hong Kong	100 %	N/A
AXA CHINA REGION BERMUDA LIMITED	Bermuda	100 %	N/A
INTEGRITY PARTNERSHIP LIMITED	Cayman Islands	51 %	N/A
AXA AFFIN LIFE INSURANCE BERHAD	Malaysia	49 %	N/A
-IPAC FINANCIAL PLANNING TAIWAN LIMITED	Taiwan	100 %	N/A
SINOPRO SECURITIES INVESTMENT CONSULTING ENTERPRISE	Taiwan	54.07 %	N/A
-AXA INVESTMENT MANAGERS ASIA HOLDINGS PRIVATE LIMITED	Singapore	45 %	N/A
BHARTI AXA INVESTMENT MANAGERS PRIVATE LIMITED	India	74.99 %	N/A
BHARTI AXA TRUSTEE SERVICES PRIVATE LIMITED	India	74.99 %	N/A
-PT AXA FINANCIAL INDONESIA	Indonesia	93.09 %	N/A
PT AXA ASSET MANAGEMENT INDONESIA	Indonesia	90 %	N/A
PT AXA SERVICES INDONESIA	Indonesia	99 %	N/A
-WEALTH MANAGEMENT MAURITIUS HOLDINGS LTD	Mauritius	100 %	N/A
-PT. KOTAK BIRU KONSULTAMA	Indonesia	99.99 %	N/A
PT. KOTAK BIRU INVESTAMA	Indonesia	92.85 %	N/A
PT INDONESIA EMAS PERKASA	Indonesia	99.99 %	N/A
PHILIPPINE AXA LIFE INSURANCE CORPORATION	Philippines	45 %	N/A
THE NATIONAL MUTUAL LIFE ASSOCIATION OF AUSTRALASIA LIMITED	Australia	100 %	N/A
-NATIONAL MUTUAL FUNDS MANAGEMENT GLOBAL LIMITED	Australia	100 %	N/A
IPAC SECURITIES LIMITED	Australia	100 %	N/A
SG AUS HOLDINGS PTY LTD	Australia	100 %	N/A
GENESYS GROUP HOLDINGS PTY LTD	Australia	100 %	N/A
-AXA ASIA PACIFIC FINANCE LIMITED	Australia	100 %	N/A
AXA APH EXECUTIVE PLAN (AUSTRALIA) PTY LTD	Australia	54 %	N/A
AXA AUSTRALIA NEW ZEALAND	Australia	100 %	N/A
AXIA LIFE SINGAPORE HOLDING	Singapore	100 %	N/A
ALLIANCEBERNSTEIN AUSTRALIA LIMITED	Australia	50 %	N/A
AXA GUANGZHOU SOFTWARE DEVELOPMENT & SERVICES COMPANY LTD	China	100 %	N/A
-AXA FRANCE ASSURANCE	334356672	100 %	31/12/2008
-NEUFLIZE VIE	377678917	39.98 %	31/12/2008
-AXA FRANCE VIE	310499959	98.34 %	31/12/2009
AXA CARAÏBES RÉSEAU VIE	405349606	89.99 %	31/12/2007
-AXA BANQUE	542016993	47.54 %	31/12/2009
AXA BANQUE FINANCEMENT	348211244	65 %	31/12/2009
COLISÉE SAINT HONORÉ	428754048	50 %	31/12/2009
MATIGNON DÉVELOPPEMENT 1	337680482	91.11 %	31/12/2009
UGIMMO	440253334	100 %	N/A
SOCIÉTÉ DE PLACEMENTS SÉLECTIONNÉS	562120667	41.30 %	30/09/2010
PARIMMO	330160557	89.62 %	31/12/2009
MATIGNON DÉVELOPPEMENT 3	440498160	78.44 %	31/12/2009
VENDOME BLS	330548231	68 %	31/12/2009
-UNION DE GESTION IMMOBILIÈRE CIVILE	323036426	94.49 %	N/A
SOCIÉTÉ CIVILE IMMOBILIÈRE VENDÔME ATHÈNES	354058232	50 %	N/A
SCI RENAUD	441977147	50 %	N/A
ASSOCIATION DIFFUSION SERVICES	306843731	95.87 %	31/12/2009
AXA EPARGNE ENTREPRISE	428191027	100 %	31/12/2009
ARGOVIE	392796728	100 %	31/12/2008
SCI VENDÔME BERRY	313781676	49 %	N/A
UNION DE GESTION ET D'INVESTISSEMENTS FONCIERS	642041743	100 %	31/12/2009
-UNION DE GESTION ET D'EXPLOITATION DE RÉSIDENCES LOCATIVES ET D'HÔTELS	321263659	88.89 %	31/12/2009
SÉQUANAISE DE GESTION ET DE SERVICES	552101958	99.90 %	31/12/2009
SCI VENDÔME ACTIVITÉ	414874313	75 %	N/A
UGIPIERRE	393609680	100 %	N/A
UNION DE GESTION IMMOBILIÈRE ET FORESTIÈRE	304163751	99.99 %	N/A
SCI DROUOT PIERRE	437872799	34.72 %	N/A
MATIGNON ALTERNATIF	444064588	83.46 %	31/12/2009
UNION DE GESTION IMMOBILIÈRE ET DE TOURISME	318696531	100 %	N/A
ASTRAL FINANCE	379606585	100 %	31/12/2009
UGIPS GESTION	428216444	79.80 %	31/12/2009
NEW YORK FRESNEL	403725542	100 %	N/A
MAXIS	434261350	100 %	31/12/2009
MATIGNON DÉVELOPPEMENT 2	440498368	60.11 %	31/12/2009
-SCI VENDÔME COMMERCES	431980275	87.17 %	N/A
COMMERCANTS CENTRE CIAL COURIER	435051859	41.62 %	N/A
UNION DE GESTION IMMOBILIÈRE POUR LE COMMERCE ET L'INDUSTRIE-SICOMI-	305405318	91.17 %	31/12/2010
-SCI COLISÉE RESIDENTIEL	431981257	98.50 %	N/A
UNION DE GESTION D\'IMMEUBLES FINANCES PAR DES PRÊTS AIDES AU LOGEMENT LOCATIF	325366243	99.90 %	31/12/2009
SOCIÉTÉ CIVILE IMMOBILIÈRE AXA PIERRE	324571124	62.46 %	N/A
MATIGNON ALTERNATIF 2	449865369	63.28 %	31/12/2009
UNION DE GESTION IMMOBILIÈRE D'ACTIFS DIVERSIFIÉS	308249465	81.15 %	N/A
-SCI VENDÔME BUREAUX	431972595	59.25 %	N/A
SCI COLISÉE MARCEAU	380392621	-2	N/A
SOCIÉTÉ CIVILE IMMOBILIÈRE VENDÔME ASSUR	310996756	99.90 %	N/A
SOCIÉTÉ IMMOBILIÈRE STABILIS	784194631	53.68 %	31/12/2009
-FINAPEL	473502599	99.99 %	31/12/2009
FONCIÈRE WAGRAM	562012724	99.96 %	31/12/2009
COLISÉE ALPHA	403201627	99.99 %	31/12/2009
COLISÉE LAFFITTE	399305663	100 %	31/12/2009
SOCIÉTÉ CIVILE IMMOBILIÈRE VENDÔME EUROPE	394007249	50 %	N/A
SNC DU DOMAINE DE FREMIGNY	338062441	70 %	31/12/2009
-LOGEMENT FRANÇAIS,SOCIÉTÉ ANONYME D'HABITATIONS À LOYER MODÉRÉ	572015451	82.22 %	31/12/2008
LOGEMENT FRANCILIEN	489938407	99.99 %	31/12/2008
LOGIS MÉDITERRANÉE	314046004	99.97 %	31/12/2009
SA D\'HLM LOGIS FAMILIAL	969802321	64.60 %	31/12/2009
COOPERATION ET FAMILLE	582088662	84.40 %	31/12/2008
SA HLM LOGIS FAMILIAL VAROIS	619500796	79.50 %	31/12/2008
GIE LOGEMENT FRANÇAIS	492644323	50 %	N/A
HLM LOGEMENT ALPES RHONE	057501702	66.25 %	31/12/2007
DIRECT ASSURANCE VIE	348225665	100 %	31/12/2009
JURIDICA	572079150	98.51 %	31/12/2009
AVANSSUR	378393946	100 %	31/12/2009
-AXA FRANCE IARD	722057460	99.92 %	31/12/2009
SCI VENDÔME BERRY	313781676	51 %	N/A
-AXA FORÊTS	383355047	61.21 %	N/A
FRANCE FORÊTS I	308983857	39.73 %	N/A
LE RECOUVREMENT CONTENTIEUX	729802165	97.60 %	31/12/2009
SOCIÉTÉ CIVILE IMMOBLIÈRE THÉATRE SAINT CHARLES	784390528	95.52 %	N/A
SOCIÉTÉ CIVILE IMMOBILIÈRE DE LA ROUTE DE SAINT-CYR À MARLY LE ROI	313790305	90 %	N/A
COLISÉE SAINT HONORÉ	428754048	50 %	31/12/2009
ESPACE MULHOUSE	434298634	77.77 %	31/12/2004
SOCIÉTÉ CIVILE IMMOBILIÈRE CAPIMMO	311652895	67.80 %	N/A
GROUPE FORESTIER DU BOIS DE CHARNES	326144011	83.35 %	N/A
MATIGNON ALTERNATIF 2	449865369	36.72 %	31/12/2009
AXA VENDÔME	414881508	99.99 %	31/12/2008
SCI 64 RUE DE L' EGALITÉ	308451913	50 %	N/A
CONSEIL ASSUR SARL	380187880	75 %	31/12/2009
NATIO ASSURANCE	383664752	50 %	31/12/2009
AXA ASSURCRÉDIT	380068593	50 %	31/12/2009
PAROI NORD DE L'ARCHE	389554999	99.99 %	31/12/2009
PRÉSENCE ET INITIATIVE	337743314	34.67 %	31/12/2009
AXA CARAIBES	381150838	91.22 %	31/12/2007
UNION DE GESTION IMMOBILIÈRE DE PARTICIPATION	311961171	100 %	31/12/2009
RUN SERVICES	329817316	75 %	31/12/2009
AXA BANQUE	542016993	52.46 %	31/12/2009
-AXA CORPORATE SOLUTIONS ASSURANCE	399227354	98.75 %	31/12/2009
FUTUR RE	Luxembourg	100 %	N/A
VENDOME BLS	330548231	-2	31/12/2009
AXA CORPORATE SOLUTIONS MARINE SERVICES LTD	Hong Kong	100 %	N/A
AXA CORPORATE SOLUTIONS SERVICES UK LTD	United Kingdom	100 %	N/A
-AXA MATRIX RISK CONSULTANTS SA	352352694	100 %	31/12/2009
MATRIX	United States of America	100 %	N/A

Event history

Status history

No status history for this company.

Recent Publications in Gazettes
Publication Date	Gazette Name	Description
17/04/2011	B	Modification et mutation diverse
79 - DEUX-SEVRES GREFFE DU TRIBUNAL DE COMMERCE DE NIORT 1201 - 340 991 546 RCS Niort. TLD EUROPE. Forme : Société par actions simplifiée. Administration : Président de la société : MAGUIN Antoine François Louis Vincent Commissaire aux comptes titulaire : KPMG S.A. Commissaire aux comptes suppléant : KPMG AUDIT ID. Capital : 2209616 EUR. Activité : Extension de l'objet à la réalisation d'opérations de trésorerie avec des sociétés ayant avec elle, directement ou indirectement, des liens de capital conferant à l'une des entreprises liées un pouvoir de contrôle effectif sur l'autre. L'octroi de prêts ou d'avancés à des sociétés ayant avec la societe soit des relations d'affaires, soit des relations de société liée, soit les deux. Etude et réalisation de matériel de manutention et de transport et plus particulièrement du matériel aéro-portuaire, la construction et la fabrication de ce type de matériel, l'installation et l'exploitation de bureaux d'études à ce sujet. Adresse de l’établissement principal : Saint-Lin 79420 Reffannes. Adresse du siège social : Saint-Lin 79420 Reffannes. Commentaires : Changement de président Changement de commissaires aux comptes. Date d’effet : 01/04/2011.
23/08/2010	C	Comptes annuels et rapports
79 - DEUX-SEVRES GREFFE DU TRIBUNAL DE COMMERCE DE NIORT 9600 - 340991546 RCS. TLD EUROPE. Forme : Société par actions simplifiée. Adresse : Saint-Lin 79420 Reffannes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
29/03/2010	C	Comptes annuels et rapports
79 - DEUX-SEVRES GREFFE DU TRIBUNAL DE COMMERCE DE NIORT 8311 - 340991546 RCS. TLD EUROPE. Forme : Société par actions simplifiée. Adresse : Saint-Lin 79420 Reffannes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
05/10/2007	C	Avis de dépôt des comptes
3464 - Bressuire B 340 991 546. RC 87-B 65. T.L.D. EUROPE. Forme: S.A.S. Adresse du siège social: Saint-Lin,79420 Reffannes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
29/12/2006	B	Modifications et mutations diverses
2131 - RCS Bressuire 340 991 546. RC 87-B 65. TLD EUROPE. Forme : S.A.S. Capital : 2 209 616 euros. Adresse du siège social : Saint-Lin,, 79420 Administration : ancien commissaire aux comptes titulaire : STE DELOITTE & ASSOCIES. Ancien commissaire aux comptes suppléant : LEJETTE (Henri). Date d'effet : 7 juin 2006.
26/12/2006	C	Avis de dépôt des comptes
3860 - RCS Bressuire B 340 991 546. RC 87-B 65. T.L.D. EUROPE. Forme: S.A.S. Adresse du siège social: Saint-Lin,79420 Reffannes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
15/01/2006	B	Modifications et mutations diverses
1980 - RCS Bressuire 340 991 546. RC 87-B 65. TLD EUROPE. Forme : S.A.S. Capital : 2 209 616 euros. Adresse du siège social : , Saint-Lin, 79420 Administration : nomination en qualité de centre commercial STE DELOITTE & ASSOCIES, en remplacement de la STE COGERCO-FLIPO. Date d'effet : 20 avril 2005.
20/09/2005	C	Avis de dépôt des comptes
3339 - RCS Bressuire B 340 991 546. RC 87-B 65. T.L.D. EUROPE. Forme: S.A.S. Adresse du siège social: Saint-Lin,79420 Reffannes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
06/07/2003	B	Modifications et mutations diverses
RCS Bressuire 340991546 RC 87-B 65 T.L. D. EUROPE. Forme : S.A.S. Capital : 2 209 616 euros. Adresse du siège social : Saint-Lin, 79420 Reffannes. Administration : président démissionnaire : STE TELEFLEX LIONEL- DUPONT. Nomination en qualité de président non associé : CRIQUILLION ( Hervé). Date d'effet : 29 avril 2003.
25/01/2002	B	Modifications et mutations diverses
RCS Bressuire 340991546 RC 87-B 65 T.L. D. EUROPE. Forme : S.A. Capital : 2 209 616 euros. Adresse du siège social : Saint- Lin, 79420 Reffannes. Administration : ancien président du conseil d' administration : FRIBOURG (Alain). Nouveau président du conseil d' administration : FULCONIS (Jean-Marie). Date d'effet : 2 octobre 2001.
17/10/2001	B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Bressuire B 340991546 RC 87-B 65 T.L.D. EUROPE. Forme : S.A. Capital : 13 810 100 F. Adresse : Saint-Lin, 79410 Reffannes Nouvelle situation du siège social. Capital : 2 209 616 euros. Commentaires : conversion du capital en euros. Date d'effet : 9 juin 2001.
31/01/2000	B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Bressuire B 340 991 546 RC 87-B 65 AIRPORT EQUIPMENT TECHNOLOGY. Sigle : A.E. T. Forme : S.A. Capital : 13 810 100 F ( fixe). Adresse : Saint-Lin, 79420 Reffannes Nouvelle situation du siège social dénomination: T.L.D. EUROPE. Date d'effet : 1er novembre 1999.
03/07/1999	B	Modifications et mutations diverses
RCS Bressuire B 340991546 RC 87-B 65 AIRPORT EQUIPMENT TECHNOLOGY. Sigle : A.E. T. Forme : S.A. Capital : 13 810 100 F. Adresse du siège social : Saint-Lin, 79420 Reffannes. Administration : remplacement de Mme DEMEURE-OUAKRAT ( Pascale) par FRIBOURG (Alain) en qualité de président du conseil d' administration et administrateur. Remplacement de DE MONTFOLGIER (Fabrice) et successivement de FRIBOURG (Alain) par Mme DEMEURE-OUAKRAT (Pascale) en qualité de représentant permanent de la STE TELEFLEX LIONEL-DUPONT, administrateur. Date d'effet : 6 avril 1999.
04/01/1998	B	Modifications et mutations diverses
RCS Bressuire B 340 991 546 RC 87-B 65 AIRPORT EQUIPMENT TECHNOLOGY. Sigle : A.E. T. Forme : S.A. Capital : 13 810 100 F ( fixe). Adresse du siège social : Saint- Lin, 79420 Reffannes. Administration : ancien administrateur : BARRACK (Robert). Date d'effet : 13 octobre 1997.
05/07/1997	B	Modifications et mutations diverses
RCS Bressuire B 340991546 RC 87-B 65 AIRPORT EQUIPMENT TECHNOLOGY. Sigle : AET. Forme : S.A. Capital : 13 810 100 F (fixe). Adresse du siège social : Saint-Lin, 79420 Reffannes. Administration : remplacement de Mlle CLAROU (Marie), par VINCENT (Jean-Jacques), en qualité de représentant permanent de la SOCIETE TELEFLEX LIONEL-DUPONT, administrateur à compter du:15 octobre 1996. Date d'effet : 28 octobre 1996.
11/10/1995	B	Modifications et mutations diverses
RCS Bressuire B 340 991 546 RC 87-B 65 AIRPORT EQUIPMENT TECHNOLOGY. Sigle : A.E. T. Forme : S.A. Capital : 13 810 100 F ( fixe). Adresse du siège social : Saint- Lin 79420 Reffannes. Administration : nouvel administrateur : CLAROY (Alain). Date d'effet : 19 juin 1995.

Company events history
Date	Description
17/04/2011	Bodacc B: Various editing or changing
09/04/2011	Legal Gazette: Resignation / Revocation of the social representative
07/04/2011	New chairman (CEO, CoB)
07/04/2011	New auditor
07/04/2011	Amendment
07/04/2011	Updated articles of association
29/03/2011	Legal Gazette: Appointment of the social representative
23/08/2010	Bodacc C : Deposit accounts notice
13/08/2010	New subsidiarie(s) detected
13/08/2010	New ultimate parent
13/08/2010	New parent detected
29/03/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
14/09/2009	Collection of preferential rights activated for this company
31/12/2008	New accounts available
31/12/2007	New accounts available
31/12/2006	New accounts available
24/11/2006	Minutes of general meeting of shareholders
24/11/2006	Appointment/resignation of company officers
24/11/2006	Private document

Establishment events history
Date	Description
25/04/2011	Update Rating
03/08/2010	Update Limit
29/12/2009	Update Rating
20/09/2009	Update of phone numbers
10/09/2009	Update Rating
05/09/2009	Update Rating
06/06/2009	Update Rating
04/08/2008	Update Rating
26/02/2008	Update Rating
22/02/2008	Update Rating
09/12/2007	Update Limit

Directors

Director
Name	M MAGUIN ANTOINE FRANCOIS LOUIS VINCENT	Manager position	Président
Date of birth	22/10/1961	Place of birth	59 LILLE
Type of manager	Individual	Name at birth of manager

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.70
UK Pound	1	Rs.73.23
Euro	1	Rs.64.43

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.