MIRA INFORM REPORT

Report Date :

02.04.2012

IDENTIFICATION DETAILS

Name :	P.E.P. PEINTURES ENCRES POITEVINES
Registered Office :	Zi Du Coquet, 03260 Saint Germain Des Fosses
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	Sept 1992
Legal Form :	Limited Liability Company
Line of Business :	Wholesale (business to business) of chemicals (4675Z)
No. of Employees :	3 To 5 Employees

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 :	52,500 €
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 – September 30, 2011

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

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

Company summary

Activity (APE)	Commerce de gros (commerce interentreprises) de produits chimiques (4675Z)	Legal form	Limited Liability Company
Phone	04 70 31 80 29	RCS Registration	RCS Cusset B 388 610 289
Fax		Share capital	60,550 Euros
Address	P.E.P. PEINTURES ENCRES POITEVINES P.E.P. ZI DU COQUET 03260 SAINT GERMAIN DES FOSSES	Incorporated Date	09/1992
Nationality	France	Status	Economically active

Todays Limit [€]

52,500 €

Last published preferential right

This company is not under monitoring

Current Directors

1

Trading to Date	12/31/2010	12/31/2009	12/31/2008
Turnover	2,368,659 €	1,932,342 €	2,032,633 €
Gross Operating Surplus	3,43 % Turnover	-2,14 % Turnover	1,42 % Turnover
Net worth	309,075 €	244,141 €	307,188 €
Employees	3 to 5 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) de produits chimiques (4675Z)
RCS Registration	RCS Cusset B 388 610 289	Share capital	60,550 Euros
Registration Court	Cusset (03)	Legal form	Limited Liability Company
Court Registry Number	98 B 00185	EU VAT Number	FR04388610289
Incorporation Date	09/1992	Formation Date	10/1992
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) de produits chimiques (4675Z)	Business Pages FT®
Postal Address	P.E.P. PEINTURES ENCRES POITEVINES P.E.P. ZI DU COQUET 03260 SAINT GERMAIN DES FOSSES	Trading Address	ZI DU COQUET 03260 SAINT GERMAIN DES FOSSES
Telephone	04 70 31 80 29
Fax

Type	Head office	Status	Economically active
Formation Date	09/1998	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	Allier (03)	Region	Auvergne
District	3	Area	28
City	SAINT GERMAIN DES FOSSES	Size of urban area

Other establishments

Branches	2 branch entities in this company
Head office	> P.E.P. PEINTURES ENCRES POITEVINES <<<  - Commerce de gros (commerce interentreprises) de produits chimiques (4675Z)  in SAINT GERMAIN DES FOSSES  (03260)
Secondary establishments	>  P.E.P. PEINTURES ENCRES POITEVINES  - Commerce de gros (commerce interentreprises) de produits chimiques (4675Z)  in VICHY  (03200)

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

1 or 2 employees

Company workforce

3 to 5 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	29/08/2011	01/09/2010	-
Activity Code	4675Z	4675Z	4675Z
Employees	0	0	3

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Capital not called	0	0%	01	0%	0	0	0%
Total fixed assets	1 654	-59,5%	4 084	-42,0%	7 039	58 065	-97,2%
- Intangible assets	74	-86,5%	549	0%	0	294	-74,8%
- Tangible assets	898	-68,5%	2 853	-55,1%	6 357	17 166,50	-94,8%
- Financial assets	682	0%	682	0%	682	2 477	-72,5%
Net current assets	739 735	-5,9%	786 526	-5,9%	835 562	652 090	13,4%
- Stocks	213 738	53,2%	139 505	-40,7%	235 081	70 047	205,1%
- Advanced payments	0	-5,9%	0	0%	0	0	0%
- Receivables	353 419	-44,0%	630 620	9,4%	576 199	328 153,50	7,7%
- Securities and cash	172 578	952,2%	16 401	-32,5%	24 282	85 836,50	101,1%
- Prepaid expenses	-	-	-	-	-	237,50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	741 390	-6,2%	790 611	-6,2%	842 601	779 727	-4,9%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	309 075	26,6%	244 141	-20,5%	307 188	264 846,50	16,7%
Share capital	60 550	0%	60 550	0%	60 550	45 735	32,4%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	432 315	-20,9%	546 469	2,1%	535 413	411 028	5,2%
- Financial liabilities	4 302	-80,3%	21 815	-34,1%	33 080	35 790,50	-88,0%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	368 515	-19,4%	457 101	3,6%	441 167	163 902	124,8%
- Tax and social liabilities	59 498	-11,9%	67 554	10,4%	61 167	82 301	-27,7%
- Other debts and fixed assets liabilities	0	0%	0	0%	0	7 414	0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	741 390	-6,2%	790 610	-6,2%	842 601	779 726,50	-4,9%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Sales of Goods	2 371 818	22,5%	1 936 965	-6,1%	2 062 890	1 397 925	69,7%
Net turnover	2 368 659	22,6%	1 932 342	-4,9%	2 032 633	1 364 441,50	73,6%
- of which net export turnover	1 230 593	17,7%	1 045 257	-9,7%	1 157 577	0	0%
Operating charges	2 289 858	15,9%	1 976 570	-1,9%	2 015 253	1 356 266	68,8%
Operating profit/loss	81 960	306,9%	-39 605	-183,1%	47 636	40 641	101,7%
Financial income	1 301	0%	0	0%	0	527	146,9%
Financial charges	6 072	-21,5%	7 738	10,9%	6 975	3 462,50	75,4%
Financial profit/loss	-4 771	38,3%	-7 738	-10,9%	-6 975	-538	-786,8%
Pretax net operating income	77 189	263,0%	-47 343	-216,4%	40 661	38 130,50	102,4%
Extraordinary income	1 064	5,6%	1 008	657,9%	133	634	67,8%
Extraordinary charges	11 923	-28,7%	16 712	550,5%	2 569	544,50	2089,7%
Extraordinary profit/loss	-10 859	513,5%	-15 704	-544,7%	-2 436	0	0%
Net result	64 934	203,0%	-63 047	-298,4%	31 772	33 487	93,9%

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	741 390	-6,2%	790 611	-6,2%	842 601
	Gross	CO	775 953	-5,7%	822 744	-6,5%	879 648
	Amortisation	1A	34 563	7,6%	32 133	-13,3%	37 047

Non declared distributed capital (I)

		31/12/2010		31/12/2009		31/12/2008
Non declared distributed capital (I)	AA3	0	0%	01	0%	0
Gross	AA	0	0%	01	-	01

Active fixed asset (II)

			31/12/2010		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	1 654	-59,5%	4 084	-42,0%	7 039
	Gross	BJ	36 217	0%	36 217	-17,8%	44 086
	Amortisation	BK	34 563	7,6%	32 133	-13,3%	37 047

Intangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	74	-86,5%	549	0%	0
	Gross	AF	1 425	0%	1 425	-51,6%	2 944
	Amortisation	AG	1 351	54,2%	876	-70,2%	2 944
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	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	74	-86,5%	549	0%	0

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%	464
	Gross	AR	13 921	0%	13 921	0%	13 921
	Amortisation	AS	13 921	0%	13 921	3,4%	13 457
	Other tangible fixed assets	Net	898	-68,5%	2 853	-51,6%	5 893
	Gross	AT	20 189	0%	20 189	-23,9%	26 539
	Amortisation	AU	19 291	11,3%	17 336	-16,0%	20 646
	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	898		2 853		6 357

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	07	0%	07	0%	07
	Gross	CU	07	0%	07	0%	07
	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	675	0%	675	0%	675
	Gross	BH	675	0%	675	0%	675
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		682		682		682

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	739 735	-5,9%	786 526	-5,9%	835 562
	Gross	CJ	739 735	-5,9%	786 526	-5,9%	835 562
	Amortisation	CK	0	0%	0	0%	0

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	213 738	53,2%	139 505	-40,7%	235 081
	Gross	BT	213 738	53,2%	139 505	-40,7%	235 081
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	213 738	53,2%	139 505	-40,7%	235 081

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	282 870	-45,0%	514 627	3,5%	497 130
	Gross	BX	282 870	-45,0%	514 627	3,5%	497 130
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	63 812	-43,8%	113 496	50,5%	75 401
	Gross	BZ	63 812	-43,8%	113 496	50,5%	75 401
	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	346 682	-44,8%	628 123	9,7%	572 531

Divers

			31/12/2010		31/12/2009		31/12/2008
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	172 578	952,2%	16 401	-32,5%	24 282
	Gross	CF	172 578	952,2%	16 401	-32,5%	24 282
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	172 578	952,2%	16 401	-32,5%	24 282

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	6 737	169,8%	2 497	-31,9%	3 668
	Gross	CH	6 737	169,8%	2 497	-31,9%	3 668
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

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

References

		31/12/2010		31/12/2009		31/12/2008
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive
Other capital resources | Provisions for risks and charges | Liabilities | Translation loss | Equalization accounts | References

Grand Total - Passive Accounts (I to IV)

		31/12/2010		31/12/2009		31/12/2008
Grand Total (I to V)	EE	741 390	-6,2%	790 610	-6,2%	842 601

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	309 075	26,6%	244 141	-20,5%	307 188
	Equity and shareholders' equity	DA	60 550	0%	60 550	0%	60 550
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	6 055	0%	6 055	0%	6 055
	Statutory or contractual reserve	DE	240 511	0%	240 511	15,2%	208 738
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-62 975	-87565,3%	72	0%	72
	Profit or loss for the period	DI	64 934	203,0%	-63 047	-298,4%	31 772
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2010		31/12/2009		31/12/2008
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

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

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	432 315	-20,9%	546 469	2,1%	535 413
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	1 271	-94,2%	21 784	-5,5%	23 049
	Sundry loans and financial liabilities	DV	3 031	9677,4%	31	-99,7%	10 031
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	368 515	-19,4%	457 101	3,6%	441 167
	Tax and social security liabilities	DY	59 498	-11,9%	67 554	10,4%	61 167
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	0	0%	0	0%	0

Translation loss (V)

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

Equalization accounts

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

References

		31/12/2010		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	432 315	-20,9%	546 469	2,1%	535 413
Of which current bank facilities	EH	1 271	-94,2%	21 784	-5,5%	23 049

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2010		31/12/2009		31/12/2008
Operating result (Total I-II)	GG	81 960	306,9%	-39 605	-183,1%	47 636

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	-4 771	38,3%	-7 738	-10,9%	-6 975

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

		31/12/2010		31/12/2009		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	77 189	263,0%	-47 343	-216,4%	40 661

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-10 859	30,9%	-15 704	-544,7%	-2 436

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	64 934	203,0%	-63 047	-298,4%	31 772

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	2 374 183	22,5%	1 937 973	-6,1%	2 063 022

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

		31/12/2010		31/12/2009		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	2 309 251	15,4%	2 001 020	-1,5%	2 031 250

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	2 371 818	22,5%	1 936 965	-6,1%	2 062 890

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	2 346 277	22,8%	1 911 225	-3,6%	1 983 045
	France	FA	1 115 684	28,8%	865 968	4,9%	825 467
	Export	FB	1 230 593	17,7%	1 045 257	-9,7%	1 157 577
	Sale of goods produced	FF	0	0%	0	0%	0
	France	FD	0	0%	0	0%	0
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	22 382	6,0%	21 117	-57,4%	49 588
	France	FG	22 382	6,0%	21 117	-57,4%	49 588
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	2 368 659	22,6%	1 932 342	-4,9%	2 032 633
	France	FJ	1 138 066	28,3%	887 085	1,4%	875 055
	Export	FK	1 230 593	17,7%	1 045 257	-9,7%	1 157 577
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	8 000
	Release of reserves and provisions	FP	3 159	-31,7%	4 623	-79,2%	22 257
	Other income	FQ	0	0%	0	0%	0

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	2 289 858	15,9%	1 976 570	-1,9%	2 015 253

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	1 821 293	33,2%	1 366 835	-6,6%	1 463 180
Change in stocks of goods for resale	FT	-74 233	-177,7%	95 576	4576,6%	-2 135
Purchase of raw materials	FU	8 367	156,6%	3 261	-51,1%	6 663
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	221 992	7,9%	205 782	-7,6%	222 808
Tax, duty and similar payments	FX	11 862	-36,7%	18 747	-26,2%	25 419
Payroll	FY	207 765	5,8%	196 456	-6,1%	209 140
Social security costs	FZ	90 382	3,9%	86 958	0,3%	86 664

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	2 430	-17,8%	2 955	-15,9%	3 514
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	0	0%	0	0%	0

Operating charges (III-IV)

		31/12/2010		31/12/2009		31/12/2008
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/12/2010		31/12/2009		31/12/2008
	Total financial income (Total V)	GP	1 301	0%	0	0%	0
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	0	0%	0	0%	0
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	1 301	0%	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2010		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	6 072	-21,5%	7 738	10,9%	6 975
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	4 643	-40,0%	7 738	10,9%	6 975
	Exchange losses	GS	1 429	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary income (Total VII)	HD	1 064	5,6%	1 008	657,9%	133
	Extraordinary operating income	HA	1 064	5,6%	1 008	657,9%	133
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	11 923	-28,7%	16 712	550,5%	2 569
	Extraordinary operating charges	HE	11 923	-28,7%	16 712	550,5%	2 569
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	1 398	0%	0	0%	6 453

References

		31/12/2010		31/12/2009		31/12/2008
Of which equipment leases	HP	15 246	23,0%	12 398	-28,5%	17 334
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	3 159	-31,7%	4 623	-79,2%	22 257
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

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%	42 471
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	1 616
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	7 869	0%	0
	Gross value at the end of period	OL	36 218	0%	36 218	-17,8%	44 086

Research and development Charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	KD	1 425	-67,4%	4 369	48,4%	2 944
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	2 944	0%	0
	Gross value at the end of period	LW	1 425	0%	1 425	-51,6%	2 944

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	34 110	-12,6%	39 035	0,5%	38 845
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	1 616
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	4 925	0%	0
	Gross value at the end of period	NH	34 110	0%	34 110	-15,7%	40 460

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	682	0%	682	0%	682
	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	682	0%	682	0%	682

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%	33 534
Increases		0P	0	0%	0	0%	3 514
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	37 047

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	876	-70,2%	2 944	0%	2 944
Increases		PF	475	0%	475	0%	0
Decreasess		PG	0	0%	2 543	0%	0
	Decreasess by budget item transfer	PH	1 351	54,2%	876	-70,2%	2 944

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	31 257	-8,3%	34 104	11,5%	30 590
Increases		QV	1 955	-21,1%	2 479	-29,5%	3 514
Decreases		QW	0	0%	5 326	0%	0
	Decreasess by budget item transfer	QX	33 212	6,3%	31 257	-8,3%	34 104

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

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2010		31/12/2009		31/12/2008
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

Provisions included in balance sheet
Grand Total (I-II-III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7C	0	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	0

Includes Total allocations

Operating	UE	0	0%	0	0%	0
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%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	354 094	-43,9%	631 295	9,4%	576 875
1 year at most	VU	354 094	-43,9%	631 295	9,4%	576 875
More than one year	VV	0	0%	0	0%	0

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	675	0%	675	0%	675
Other financial assets (1 year at most)	UV	675	0%	675	0%	675

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	282 870	-45,0%	514 627	3,5%	497 130
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	2 666	-44,1%	4 766	-6,9%	5 121
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	6 453	0%	0
Value added tax	VB	215	-99,4%	35 929	570,8%	5 356
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	37 471	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	23 460	-64,6%	66 348	2,2%	64 925

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	6 737	169,8%	2 497	-31,9%	3 668

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	432 315	-20,9%	546 470	2,1%	535 413
1 year at most		VZ2	432 315	-20,9%	546 470	2,1%	535 413
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	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	1 271	-94,2%	21 784	-5,5%	23 049
1 year at most		VH2	1 271	-94,2%	21 784	-5,5%	23 049
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	368 515	-19,4%	457 101	3,6%	441 167
1 year at most		8B2	368 515	-19,4%	457 101	3,6%	441 167
More than 1 year and 5 years at most		8B3	368 515	-19,4%	457 101	0%	0
	Personnel and associated accounts (gross)	8C1	11 832	-33,6%	17 828	49,5%	11 926
1 year at most		8C2	11 832	-33,6%	17 828	49,5%	11 926
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	40 390	9,9%	36 762	-0,4%	36 917
1 year at most		8D2	40 390	9,9%	36 762	-0,4%	36 917
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	1 725
1 year at most		8E2	0	0%	0	0%	1 725
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	6 860	75,0%	3 920
1 year at most		VW2	0	0%	6 860	75,0%	3 920
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	7 276	19,2%	6 104	-8,6%	6 678
1 year at most		VQ2	7 276	19,2%	6 104	-8,6%	6 678
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	3 031	9677,4%	31	-99,7%	10 031
1 year at most		VI2	3 031	9677,4%	31	-99,7%	10 031
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	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

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%	26 082
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%	400
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	15 613
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	19 205
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	187 590
Total Other purchases and external	ZJ	0	0%	0	0%	222 808

Taxes and Fees

		31/12/2010		31/12/2009		31/12/2008
Business tax	YW	0	0%	0	0%	13 815
Other taxes and payments assimilated	9Z	0	0%	0	0%	11 604
Total taxes and fees	YX	0	0%	0	0%	25 419

VAT

		31/12/2010		31/12/2009		31/12/2008
Amount VAT collected	YY	0	0%	0	0%	163 170
Total VAT on goods and services	YZ	0	0%	0	0%	202 603

Average number of employees

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	0	0%	0	0%	03

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		9,57	25,4%	7,63	-5,1%	8,04	2,75	248,0%
Global Debt		66 days	-35,3%	102 days	7,4%	95 days	97 days	-32,0%
Working Capital Fund overall net		47 days	4,4%	45 days	-18,2%	55 days	68 days	-30,9%
Financial independence		24317,47%	2069,8%	1120,73%	-15,9%	1332,76%	607,62%	3902,1%
More ratios
Solvability		41,69%	35,0%	30,88%	-15,3%	36,46%	41,08%	1,5%
Capacity debt futures		24317,47%	2069,8%	1120,74%	-15,9%	1332,76%	1267,60%	1818,4%
Coverage of current assets by net working capital overall		42,35%	38,3%	30,62%	-17,9%	37,29%	46,44%	-8,8%
General Liquidity		0,82	-29,3%	1,16	7,4%	1,08	0,92	-10,9%
Restricted Liquidity		1,22	2,5%	1,19	6,2%	1,12	1,29	-5,4%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital		20 days	-55,6%	45 days	-16,7%	54 days	34 days	-41,2%
Treasury		26 days	2700%	-1 days	0%	0 days	17 days	52,9%
Inventory turnover of goods		44 days	29,4%	34 days	-41,4%	58 days	39 days	12,8%
Average length of credit granted to customers		43 days	-55,2%	96 days	17,1%	82 days	66 days	-34,8%
Average length of credit obtained suppliers		67 days	-31,6%	98 days	16,7%	84 days	56 days	19,6%
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1012,50 days	-
Rotation tangible assets		6944,18%	22,6%	5665,03%	12,8%	5023,81%	1452,66%	378,0%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading		25,30%	8,9%	23,23%	-9,5%	25,68	20,67%	22,4%
Profitability of the business		3,43	260,3%	-2,14	-250,7%	1,42	4,29%	-20,0%
Net profit		2,74%	184,0%	-3,26%	-309,0%	1,56%	2,45%	11,8%
More ratios
Growth rate of turnover (excluding VAT)		22,58%	558,0%	-4,93%	-171,0%	6,94%	0,62%	3541,9%
Rates integration		16,52%	22,4%	13,50%	-19,8%	16,83%	18,86%	-12,4%
Rate leasing furniture		0,64%	0%	0,64%	-24,7%	0,85%	0%	0%
Work Factor		76,21%	-29,8%	108,63%	25,6%	86,46%	64,79%	17,6%
Weight interests		0,26	-35,0%	0,40%	17,6%	0,34%	0,23%	13,0%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability		2,84%	191,3%	-3,11%	-278,7%	1,74%	3,21%	-11,5%
Rates of economic profitability		26%	262,5%	-16%	-300%	8%	14%	85,7%
Financial profitability		309075%	26,6%	244140%	-20,5%	307188%	260711,50%	18,6%
Return on investment		22,66%	208,9%	-20,80%	-282,6%	11,39%	11,31%	100,4%

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	2 368 659	22,6%	1 932 342	-4,9%	2 032 633	1 364 442 €	73,6%

Sales of goods	2 346 277	22,8%	1 911 225	-3,6%	1 983 045
- Purchase of goods	1 821 293	33,2%	1 366 835	-6,6%	1 463 180
+/- Stock of goods variation	-74 233	-177,7%	95 576	4576,6%	-2 135
Trading margin	599 217 €	33,5%	448 814 €	-14,0%	522 000 €	244 341,50 €	145,2%
	25,30 % CA	8,9%	23,23 % CA	-9,5%	25,68 % CA	20,98 % CA	20,6%

Sale of goods produced	22 382	6,0%	21 117	-57,4%	49 588
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	22 382 €	6,0%	21 117 €	-57,4%	49 588 €	50 829,50 €	-56,0%
	0,94 % CA	-13,8%	1,09 % CA	-55,3%	2,44 % CA	3,08 % CA	-69,5%

Trading margin	599 217	33,5%	448 814	-14,0%	522 000	244 341,50	145,2%
+ Period Production	22 382	6,0%	21 117	-57,4%	49 588	50 829,50	-56,0%
- Purchase of raw materials	8 367	156,6%	3 261	-51,1%	6 663
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	221 992	7,9%	205 782	-7,6%	222 808
Added value	391 240 €	50,0%	260 888 €	-23,7%	342 117 €	275 190 €	42,2%
	16,52 % CA	22,4%	13,50 % CA	-19,8%	16,83 % CA	18,86 % CA	-12,4%

Added value	391 240 €	50,0%	260 888 €	-23,7%	342 117 €	275 190 €	42,2%
+ Operating grants	0	0%	0	0%	8 000
- Tax, duty and similar payments	11 862	-36,7%	18 747	-26,2%	25 419
- Personal charges	298 147	5,2%	283 414	-4,2%	295 804
Gross operating surplus	81 231 €	296,8%	-41 273 €	-242,8%	28 894 €	51 494 €	57,7%
	3,43 % CA	260,3%	-2,14 % CA	-250,7%	1,42 % CA	4,29 % CA	-20,0%

Gross operating surplus	81 231 €	296,8%	-41 273 €	-242,8%	28 894 €	51 494 €	57,7%
+ Release of reserves and provisions	3 159	-31,7%	4 623	-79,2%	22 257
+ Other operating income	0	0%	0	0%	0
- Depreciation/Amortisation	2 430	-17,8%	2 955	-15,9%	3 514
- Other charges	0	0%	0	0%	0
Operating result	81 960 €	306,9%	-39 605 €	-183,1%	47 637 €	40 620,50 €	101,8%
	3,46 % CA	268,8%	-2,05 % CA	-187,6%	2,34 % CA	3,34 % CA	3,6%

Operating result	81 960 €	306,9%	-39 605 €	-183,1%	47 637 €	40 620,50 €	101,8%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	1 301	0%	0	0%	0
- Financial charges	6 072	-21,5%	7 738	10,9%	6 975
Pre-tax result	77 189 €	263,0%	-47 343 €	-216,4%	40 662 €	38 130,50 €	102,4%
	3,26 % CA	233,1%	-2,45 % CA	-222,5%	2,00 % CA	3,11 % CA	4,8%

Extraordinary income	1 064	5,6%	1 008	657,9%	133	634	67,8%
- Extraordinary charges	11 923	-28,7%	16 712	550,5%	2 569
Extraordinary result	-10 859 €	30,9%	-15 704 €	-544,7%	-2 436 €	0 €	0%
	-0,46 % CA	43,2%	-0,81 % CA	-575,0%	0 % CA	0 % CA	0%

Pre-tax result	77 189 €	263,0%	-47 343 €	-216,4%	40 662 €	38 130,50 €	102,4%
Extraordinary result	-10 859 €	30,9%	-15 704 €	-544,7%	-2 436 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	1 398	0%	0	0%	6 453
Net result	64 932 €	203,0%	-63 047 €	-298,4%	31 773 €	33 091,50 €	96,2%
	2,74 % CA	184,0%	-3,26 % CA	-309,0%	1,56 % CA	2,45 % CA	11,8%

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

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.

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
20/09/2011	Bodacc C	Comptes annuels et rapports
03 - ALLIER GREFFE DU TRIBUNAL DE COMMERCE DE CUSSET 247 - 388610289 RCS. P.E.P. (PEINTURES ENCRES POITEVINES). Forme : Société à responsabilité limitée. Adresse : impasse du Coquet Zone Industrielle du Coquet 3260 Saint-Germain-des-Fossés. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
20/09/2010	Bodacc C	Comptes annuels et rapports
03 - ALLIER GREFFE DU TRIBUNAL DE COMMERCE DE CUSSET 37 - 388610289 RCS. P.E.P. (PEINTURES ENCRES POITEVINES). Forme : Société à responsabilité limitée. Adresse : impasse du Coquet Zone Industrielle du Coquet 3260 Saint-Germain-des-Fossés. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
20/08/2009	Bodacc C	Comptes annuels et rapports
03 - ALLIER GREFFE DU TRIBUNAL DE COMMERCE DE CUSSET 39 - 388610289 RCS. P.E.P. (PEINTURES ENCRES POITEVINES). Forme : Société à responsabilité limitée. Adresse : impasse du Coquet Zone Industrielle du Coquet 3260 Saint-Germain-des-Fossés. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
11/09/2008	Bodacc C	Comptes annuels et rapports
03 - ALLIER GREFFE DU TRIBUNAL DE COMMERCE DE CUSSET 453 - 388610289 RCS. P.E.P. (PEINTURES ENCRES POITEVINES). Forme : Société à responsabilité limitée. Adresse : impasse du Coquet Zone Industrielle du Coquet, 3260 Saint-Germain-des-Fossés. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
08/04/2008	Bodacc B	Modification et mutation diverse
03 - ALLIER GREFFE DU TRIBUNAL DE COMMERCE DE CUSSET 4 - 388 610 289 RCS Cusset. P.E.P. (PEINTURES ENCRES POITEVINES). Forme : Société à responsabilité limitée. Administration : Gérant(e) : JOLIVET Daniel René André. Commentaires : Modification survenue sur l'administration.
19/11/2007	Bodacc C	Avis de dépôt des comptes
290 - 388 610 289. RCS Cusset P.E.P. (PEINTURES ENCRES POITEVINES). Forme: Société à responsabilité limitée. Adresse du siège social: Zone Industrielle du Coquet - impasse du Coquet 03260 Saint-Germain-des-Fosses. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
29/09/2006	Bodacc C	Avis de dépôt des comptes
105 - RCS Cusset B 388 610 289. RC 98-B 185. P.E.P. (PEINTURES ENCRES POITEVINES). Forme: S.A.R.L.. Adresse du siège social: Z.I. du Coquet - impasse du Coquet,03260 Saint-Germain-des-Fosses. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
25/09/2005	Bodacc C	Avis de dépôt des comptes
369 - RCS Cusset B 388 610 289. RC 98-B 185. P.E.P. (PEINTURES ENCRES POITEVINES). Forme: S.A.R.L.. Adresse du siège social: Z.I. du Coquet - impasse du Coquet,Saint Germain des Fossés, 03260 Saint-Germain-des-Fosses. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
05/12/2003	Bodacc B	Modifications et mutations diverses
RCS Cusset B 388610289 RC 98-B 185 P.E. P.-PEINTURES ENCRES POITEVINES. Forme : S. A.R.L. Capital : 60 550 euros. Adresse du siège social : Z.I. du Coquet, impasse du Coquet, 03260 Saint-Germain-des- Fossés. Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 20 octobre 2003.
23/03/2003	Bodacc B	Modifications et mutations diverses
RCS Cusset B 388610289 RC 98-B 185 P.E. P.-PEINTURES ENCRES POITEVINES. Forme : S. A.R.L. Capital : 43 250 euros. Adresse du siège social : Z.I. du Coquet, impasse du Coquet, 03260 Saint-Germain-des- Fossés. Commentaires : modification survenue sur l'administration. Administration : gérant : JOLIVET ( Frédéric) ( Nom d'usage : JOLIVET). Date d'effet : 1 e r janvier 2003.
12/04/2000	Bodacc B	Modifications et mutations diverses
RCS Cusset B 388610289 RC 98-B 185 P.E. P.-PEINTURES ENCRES POITEVINES. Forme : S. A.R.L. Adresse du siège social : Z.I. du Coquet, impasse du Coquet, 03260 Saint- Germain-des-Fossés. Commentaires : modification survenue sur l' administration. Administration : gérant : JOLIVET (Daniel, René, André) ( Nom d' usage : JOLIVET). Date d'effet : 24 janvier 2000.
15/03/2000	Bodacc B	Modifications et mutations diverses
RCS Cusset B 388610289 RC 98-B 185 P.E. P.-PEINTURES ENCRES POITEVINES. Forme : S. A.R.L. Capital : 43 250 euros. Adresse du siège social : Z.I. du Coquet, impasse du Coquet, 03260 Saint-Germain-des- Fossés. Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 16 décembre 1999.
19/01/1999	Bodacc B	Modifications et mutations diverses
RCS Cusset B 388 610 289 RC 98-B 185 P. E.P. - PEINTURES ENCRES POITEVINES. Forme : S.A.R.L. Capital : 173 000 F ( fixe). Adresse du siège social : zone industrielle du Coquet, impasse du Coquet, 03260 Saint-Germain-des-Fossés. Commentaires : création et transfert du 2 rue du Rapporteur, 95310 Saint-Ouen-l' Aumone. Administration : gérante : Mme PEPY (Yvette, Claude), nom d'usage : JOLIVET Etablissement principal: Enseigne : P.E.P. Activité : vente de peintures et encres. Adresse : zone industrielle du Coquet, impasse du Coquet, 03260 Saint-Germain-des-Fossés Date de début d'activité: 30 septembre 1998.
09/01/1999	Bodacc B	Modifications et mutations diverses
RCS *. RCS Pontoise B 388 610 289 RC RC 94-B 2007 P.E.P. - PEINTURES ENCRES POITEVINES. Forme : S.A.R.L. Adresse du siège social : 2, rue du Rapporteur, Z.I. des Béthunes 95310 Saint-Ouen-l'Aumone Date de radiation: 21 décembre 1998.
13/06/1997	Bodacc B	Modifications et mutations diverses
RCS Pontoise B 388 610 289 RC 94-B 2007 P.E.P.-PEINTURES ENCRES POITEVINES. Forme : S.A.R.L. Capital : 173 000 F. Commentaires : modification survenue sur le capital (augmentation).
09/04/1995	Bodacc B	Modifications et mutations diverses
RCS Pontoise B 388 610 289 RC 94-B 2007 P.E.P.-PEINTURES ENCRES POITEVINES. Forme : S.A.R.L. Administration : gérant : JOLIVET (Yvette, Claude). Commentaires : modification survenue sur l' administration.
13/01/1995	Bodacc B	Modifications et mutations diverses
RCS o. RCS Poitiers B 388 610 289 RC RC 92-B 353 P.E.P. - PEINTURES ENCRES POITEVINES. Forme : S.A.R.L. Adresse du siège social : ateliers municipaux, 5 ter , rue des Chardonnerets 86280 Saint- Benoit. Activité : vente, fabrication de peintures et encres Date de radiation: 27 septembre 1994.

Company events history

Date	Description
20/09/2011	Bodacc C : Deposit accounts notice
31/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
20/09/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
20/08/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
11/09/2008	Bodacc C : Deposit accounts notice
10/04/2008	Private document
10/04/2008	Appointment/resignation of company officers
10/04/2008	New manager
10/04/2008	Minutes of general meeting of shareholders
08/04/2008	Bodacc B: Various editing or changing
31/12/2007	New accounts available
31/12/2006	New accounts available
19/07/2006	Private document
19/07/2006	Sale of shares
19/07/2006	Updated articles of association
31/12/2005	New accounts available
20/12/2005	Acte sous seing privé
20/12/2005	Cession de parts
20/12/2005	Private document
20/12/2005	Sale of shares
31/12/2004	New accounts available
02/06/2004	Cession de parts
02/06/2004	Sale of shares
02/06/2004	Acte sous seing privé
02/06/2004	Private document
31/12/2003	New accounts available
09/12/2003	Statuts mis à jour
09/12/2003	Acte sous seing privé
06/11/2003	Statuts mis à jour
06/11/2003	PV d'Assemblée
06/11/2003	Acte sous seing privé
06/11/2003	Augmentation de Capital
04/03/2003	PV d'Assemblée
04/03/2003	Changement de Gérant
04/03/2003	Acte sous seing privé
04/03/2003	Nomination/démission des organes de gestion
09/12/2002	Acte sous seing privé
09/12/2002	Cession de parts
14/03/2000	Acte sous seing privé
14/03/2000	PV d'Assemblée
14/03/2000	Changement de Gérant
14/03/2000	Nomination/démission des organes de gestion
22/02/2000	Statuts mis à jour
22/02/2000	Acte sous seing privé
22/02/2000	Augmentation de Capital
22/02/2000	PV d'Assemblée
15/12/1998	Acte sous seing privé
15/12/1998	PV d'Assemblée
15/12/1998	Statuts mis à jour
15/12/1998	Immatriculation suite à transfert
04/06/1997	Cession de parts
04/06/1997	Acte sous seing privé
23/05/1997	PV d'Assemblée
23/05/1997	Statuts mis à jour
23/05/1997	Acte sous seing privé
23/05/1997	Augmentation de Capital
23/03/1995	Changement de Gérant
23/03/1995	Nomination/démission des organes de gestion
23/03/1995	PV d'Assemblée
03/11/1994	Immatriculation suite à transfert
03/11/1994	Cession de parts
03/11/1994	Changement de Gérant
03/11/1994	Acte sous seing privé
03/11/1994	Nomination/démission des organes de gestion
03/11/1994	PV d'Assemblée
03/11/1994	Statuts mis à jour
12/10/1994	PV d'Assemblée
12/10/1994	Transfert du Siège hors du ressort du Tribunal de Commerce
12/10/1994	Nomination/démission des organes de gestion
12/10/1994	Changement de Gérant
21/09/1992	Nomination/démission des organes de gestion
21/09/1992	PV d'Assemblée
21/09/1992	Statuts
21/09/1992	Déclaration de conformité
21/09/1992	Acte sous seing privé
21/09/1992	Formation de Société
21/09/1992	Certificat de dépôt des fonds

Establishment events history

Date	Description
31/08/2011	Update Rating
31/08/2011	Update Limit
04/05/2011	Update Rating
05/10/2010	Update of phone numbers
03/09/2010	Update Limit
03/09/2010	Update Rating
11/07/2010	Update Limit
10/07/2010	Update Rating
04/01/2010	Update Limit
30/12/2009	Update Rating
24/08/2009	Update Limit
27/08/2008	Update Rating
27/08/2008	Update Limit
16/12/2007	Update Limit
10/12/2007	Update Limit
09/12/2007	Update Limit
04/09/2007	Update Limit
04/09/2007	Update Rating

directors

Name	M. JOLIVET DANIEL
Manager position	Gérant	Date of birth	11/05/1942
Place of birth	COLOMBES
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
Gérant	M FREDERIC JOLIVET

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.15
UK Pound	1	Rs.81.79
Euro	1	Rs.68.34

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.