MIRA INFORM REPORT

Report Date :

06.04.2012

IDENTIFICATION DETAILS

Correct Name :	JL INTERNATIONAL ETS JEAN LABATUT
Registered Office :	Jl International Ets Jean Labatut, Styleco/Goldsmith/Pick Ouic/Via 28 Vit Zone Activ Bordeaux Nord, 28 Rue Rene Magne, 33083 Bordeaux Cedex
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	September 1957
Com. Reg. No.:	RCS Bordeaux 5 775 583 792
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesale business clothing and footwear
No. of Employees :	199 persons

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Maximum Credit Limit :	2,000,000 €
Status :	Good
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
France	a2	a2

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

REGISTERED NAME & COMPANY SUMMARY

JL INTERNATIONAL ETS JEAN LABATUT

Trade name	STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VITAM
Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)	Legal form	Simplified joint stock company
Phone		RCS Registration	RCS Bordeaux 5 775 583 792
Fax	05 56 43 55 44	Share capital	2,000,000 Euros
Address	JL INTERNATIONAL ETS JEAN LABATUT STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VIT ZONE ACTIV BORDEAUX NORD 28 RUE RENE MAGNE 33083 BORDEAUX CEDEX	Incorporated Date	09/1957
Nationality	France	Status	Economically active

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) (Wholesale business clothing and footwear (4642Z))
RCS Registration	RCS Bordeaux 5 775 583 792	Share capital	2,000,000 Euros
Registration Court	Bordeaux (33)	Legal form	Simplified joint stock company
Court Registry Number	19 5 7B005	EU VAT Number	FR69775583792
Incorporation Date	09/1957	Formation Date	01/1900
Deregistration Date		Last account Date	31/12/2010
Nationality	France

CREDIT RECOMENDATION

Current Credit Limit: 2,000,000 €

DIRECTORS/MANAGEMENT

Current Directors

3

Directors

Name	M. LIU ZHIWEN
Manager position	Directeur général	Date of birth	06/12/1979
Place of birth	ZHEJIANG(CHINE)
Type of manager	Individual	Name at birth of manager

Name	M. VIGNAUD DANIEL
Manager position	Directeur général	Date of birth	12/04/1962
Place of birth	CHAMPAGNE MOUTON
Type of manager	Individual	Name at birth of manager

Name	M. VIGNAUD MICHEL
Manager position	Président	Date of birth	19/06/1955
Place of birth	CHAMPAGNE MOUTON
Type of manager	Individual	Name at birth of manager

Previous Directors

Vous pouvez consulter ici l'historique des dirigeants de l'entreprise.
Si vous souhaitez consulter l'historique d'un dirigeant, il vous suffit de cliquer sur le lien voir le détail pour y accéder.

Manager position	Title and name	Date of Birth/Place of Birth
Président du conseil d'administration	M DANIEL LABATUT
Président Directeur Général	M JACQUES BARATTE
Directeur général	M JACQUES BARATTE
Directeur général	M PHILIPPE GRAFFIN
Directeur général	M ALAIN SAELENS

NEGATIVE INFORMATION

Last published Judgment	04/03/2011
Last published preferential right	This company is not under monitoring
No social security and tax office preferential right to date

judgements

Collective procedures

Courts

No judgment information for the company coming from Court

Rncs

No judgment information for the company coming from Rncs

Bodacc

Judgment	Homologation de concordat	Effective date	04/03/2011
Court	Bordeaux	Parution date from Gazette	04/03/2011
Extrait de jugement Jugement d'homologation de l'accord Jugement d'homologation de l'accord intervenu dans la procédure de conciliation. Le jugement est déposé au greffe où tout intéressé peut en prendre connaissance.

Other sources

Judgment	Homologation d'une procédure de conciliation débiteur / créancier	Effective date	16/02/2011
Court	BORDEAUX

   Social security, pension funds preferential rights | Tax office preferential rights

Preferential rights details and history

Status of collection

This company is not under monitoring

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
Company Name	Safe Number	Company number	Click here to view the affiliation links
GROUPE VETEMENTS VIGNAUD	FR00642749	309705721

Ultimate Parent

1 ultimate parent company for this company >  GROUPE VETEMENTS VIGNAUD  - Commerce de détail d'habillement en magasin spécialisé (4771Z)  in RUFFEC  (16700)

Ultimate parent company		GROUPE VETEMENTS VIGNAUD
Direct parent		GROUPE VETEMENTS VIGNAUD - 50 %
	Group – Number of companies		2
	Linkages – Number of companies		-
	Number of countries		-
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GROUPE VETEMENTS VIGNAUD

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Raison sociale	Safe Number	SIREN	Parts	Score	Limite	Derniers comptes publiés
GROUPE VETEMENTS VIGNAUD	FR00642749	309705721	-	85	250 000 €	31/12/2009
JL INTERNATIONAL ETS JEAN LABATUT	FR11898718	775583792	50%	100	2 000 000 €	31/12/2010
Linkages

Group data

FINANCIAL INFORMATION

Trading to Date	12/31/2010	12/31/2009	12/31/2008
Turnover	60,010,246 €	49,639,505 €	50,910,921 €
Gross Operating Surplus	2,97 % Turnover	7,99 % Turnover	10,11 % Turnover
Net worth	9,461,006 €	13,008,173 €	13,211,901 €
Employees	100 to 199 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	27/07/2011	01/07/2010	-
Activity Code	4642Z	4642Z	4642Z
Employees	107	124	124

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	3 288 761	0,8%	3 261 986	-3,9%	3 394 490	40 019	8118,0%
- Intangible assets	133 435	-24,4%	176 534	-21,7%	225 490	3 521	3689,7%
- Tangible assets	968 063	7,9%	897 201	-9,2%	987 997	5 813	16553,4%
- Financial assets	2 187 263	0,0%	2 188 251	0,3%	2 181 003	5 575	39133,4%
Net current assets	45 501 131	45,9%	31 186 488	7,0%	29 140 975	224 422	20174,8%
- Stocks	12 832 835	144,8%	5 241 829	-5,1%	5 524 128	52 125,50	24519,1%
- Advanced payments	0	45,9%	0	0%	0	0	0%
- Receivables	32 553 677	26,1%	25 821 458	9,6%	23 553 034	70 096	46341,6%
- Securities and cash	114 619	-7,0%	123 201	93,1%	63 813	34 989,50	227,6%
- Prepaid expenses	-	-	-	-	-	107	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	48 789 892	41,6%	34 448 473	5,9%	32 535 463	313 962,50	15440,0%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	9 461 006	-27,3%	13 008 173	-1,5%	13 211 901	66 907	14040,5%
Share capital	2 000 000	0%	2 000 000	0%	2 000 000	10 000	19900%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	244 990	-13,4%	282 982	0	0%
Liabilities	39 327 470	85,6%	21 191 292	11,3%	19 038 784	206 712,50	18925,2%
- Financial liabilities	14 635 262	0,9%	14 511 484	33,2%	10 896 139	17 972,50	81331,4%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	16 916 483	682,9%	2 160 821	-34,7%	3 310 775	73 063,50	23053,1%
- Tax and social liabilities	1 032 403	3,7%	995 097	-27,1%	1 365 239	48 427	2031,9%
- Other debts and fixed assets liabilities	6 744 738	114,2%	3 148 523	11,1%	2 834 537	9 024	74642,2%
Account regularization	0	0%	379 385	-40,1%	633 891	0	0%
Total liabilities	48 789 892	41,6%	34 448 473	5,9%	32 535 463	313 846,50	15445,8%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Sales of Goods	61 312 928	21,3%	50 529 866	-2,4%	51 791 673	484 649,50	12551,0%
Net turnover	60 010 246	20,9%	49 639 505	-2,5%	50 910 921	478 534	12440,4%
- of which net export turnover	2 858 356	-8,5%	3 122 851	-35,8%	4 862 596	2 531	112833,9%
Operating charges	58 661 385	26,6%	46 330 142	-0,1%	46 381 984	480 336	12112,6%
Operating profit/loss	2 651 543	-36,9%	4 199 724	-22,4%	5 409 689	10 990,50	24025,8%
Financial income	106 356	-19,0%	131 236	-8,7%	143 811	4,50	2363366,7%
Financial charges	1 019 514	-3,8%	1 060 112	-15,9%	1 260 369	926	109998,7%
Financial profit/loss	-913 158	1,7%	-928 876	16,8%	-1 116 558	-198,50	-459929,2%
Pretax net operating income	1 738 385	-46,9%	3 270 848	-23,8%	4 293 131	9 149	18900,8%
Extraordinary income	120 568	-10,9%	135 353	-37,8%	217 614	21,50	560681,4%
Extraordinary charges	5 789 379	114,7%	2 696 499	13,4%	2 377 328	265,50	2180457,1%
Extraordinary profit/loss	-5 668 811	-10,1%	-2 561 146	-18,6%	-2 159 714	0	0%
Net result	-2 819 907	-638,6%	523 532	-61,9%	1 373 058	9 312	-30382,5%

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	48 789 892	41,6%	34 448 473	5,9%	32 535 463
	Gross	CO	50 936 105	38,6%	36 741 678	6,3%	34 578 470
	Amortisation	1A	2 146 213	-6,4%	2 293 205	12,2%	2 043 005

Non declared distributed capital (I)

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

Active fixed asset (II)

			31/12/2010		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	3 288 761	0,8%	3 261 986	-3,9%	3 394 490
	Gross	BJ	5 176 417	5,1%	4 926 987	2,2%	4 819 797
	Amortisation	BK	1 887 656	13,4%	1 665 001	16,8%	1 425 307

Intangible 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	90 749	-32,2%	133 848	-26,8%	182 804
	Gross	AF	558 001	1,6%	549 293	5,4%	521 137
	Amortisation	AG	467 252	12,5%	415 445	22,8%	338 333
	Goodwill	Net	42 686	0%	42 686	0%	42 686
	Gross	AH	42 686	0%	42 686	0%	42 686
	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	133 435	-24,4%	176 534	-21,7%	225 490

Tangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	313 076	0%	313 076	0%	313 076
	Gross	AN	313 076	0%	313 076	0%	313 076
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	463 322	-2,5%	475 045	-11,3%	535 302
	Gross	AP	1 236 683	8,9%	1 135 428	4,6%	1 085 529
	Amortisation	AQ	773 361	17,1%	660 383	20,0%	550 227
	Plant	Net	52 639	137,4%	22 177	-31,6%	32 421
	Gross	AR	123 701	50,3%	82 305	9,7%	75 038
	Amortisation	AS	71 062	18,2%	60 128	41,1%	42 617
	Other tangible fixed assets	Net	139 026	60,0%	86 903	-17,1%	104 798
	Gross	AT	715 007	16,1%	615 948	2,8%	598 928
	Amortisation	AU	575 981	8,9%	529 045	7,1%	494 130
	Fixed assets in construction	Net	0	0%	0	0%	2 400
	Gross	AV	0	0%	0	0%	2 400
	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	968 063		897 201		987 997

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	2 181 003	0%	2 181 003	0%	2 181 003
	Gross	CU	2 181 003	0%	2 181 003	0%	2 181 003
	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	6 260	-13,6%	7 248	0%	0
	Gross	BH	6 260	-13,6%	7 248	0%	0
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		2 187 263		2 188 251		2 181 003

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	45 501 131	45,9%	31 186 488	7,0%	29 140 975
	Gross	CJ	45 759 688	43,8%	31 814 691	6,9%	29 758 673
	Amortisation	CK	258 557	-58,8%	628 203	1,7%	617 698

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	12 832 835	144,8%	5 241 829	-5,1%	5 524 128
	Gross	BT	12 972 837	124,6%	5 776 434	-4,2%	6 027 387
	Amortisation	BU	140 002	-73,8%	534 605	6,2%	503 259
	Sub Total Stocks	Net	12 832 835	144,8%	5 241 829	-5,1%	5 524 128

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	22 995 693	33,2%	17 263 404	14,4%	15 089 921
	Gross	BX	23 114 248	33,2%	17 357 002	14,2%	15 204 360
	Amortisation	BY	118 555	26,7%	93 598	-18,2%	114 439
	Other debtors	Net	9 191 194	11,0%	8 281 396	0,9%	8 208 018
	Gross	BZ	9 191 194	11,0%	8 281 396	0,9%	8 208 018
	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	32 186 887	26,0%	25 544 800	9,6%	23 297 939

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	114 619	-7,0%	123 201	93,1%	63 813
	Gross	CF	114 619	-7,0%	123 201	93,1%	63 813
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	114 619	-7,0%	123 201	93,1%	63 813

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	366 790	32,6%	276 658	8,5%	255 095
	Gross	CH	366 790	32,6%	276 658	8,5%	255 095
	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	48 789 892	41,6%	34 448 473	5,9%	32 535 463

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	9 461 006	-27,3%	13 008 173	-1,5%	13 211 901
	Equity and shareholders' equity	DA	2 000 000	0%	2 000 000	0%	2 000 000
	Issue and merger premiums	DB	822 624	0%	822 624	0%	822 624
	Revaluation differentials	DC	121 959	0%	121 959	0%	121 959
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	200 000	0%	200 000	0%	200 000
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	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	9 136 330	-2,2%	9 340 058	7,4%	8 694 258
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	0	0%	0
	Profit or loss for the period	DI	-2 819 907	-638,6%	523 532	-61,9%	1 373 060
	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%	244 990	-13,4%	282 982
	Risk provisions	DP	0	0%	0	0%	0
	Reserves for charges	DQ	0	0%	244 990	-13,4%	282 982

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	39 327 470	85,6%	21 191 292	11,3%	19 038 784
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	14 253 161	1,6%	14 034 584	36,3%	10 298 612
	Sundry loans and financial liabilities	DV	382 101	-19,9%	476 900	-20,2%	597 527
	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	16 916 483	682,9%	2 160 821	-34,7%	3 310 775
	Tax and social security liabilities	DY	1 032 403	3,7%	995 097	-27,1%	1 365 239
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	6 743 322	114,4%	3 144 504	11,0%	2 832 740

Translation loss (V)

		31/12/2010		31/12/2009		31/12/2008
Translation loss (Total V)	ED	1 416	-64,8%	4 019	123,7%	1 797

Equalization accounts

		31/12/2010		31/12/2009		31/12/2008
Deferred income	EB	0	0%	379 385	-40,1%	633 891

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	38 027 528	103,1%	18 725 351	12,1%	16 704 322
Of which current bank facilities	EH	12 209 813	9,5%	11 154 319	42,6%	7 823 309

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	2 651 543	-36,9%	4 199 724	-22,4%	5 409 689

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	-913 158	1,7%	-928 876	16,8%	-1 116 558

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	1 738 385	-46,9%	3 270 848	-23,8%	4 293 131

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-5 668 811	-121,3%	-2 561 146	-18,6%	-2 159 714

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	-2 819 907	-638,6%	523 532	-61,9%	1 373 058

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	61 539 852	21,1%	50 796 454	-2,6%	52 153 098

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	64 359 757	28,0%	50 272 922	-1,0%	50 780 040

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	61 312 928	21,3%	50 529 866	-2,4%	51 791 673

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	57 762 439	21,0%	47 736 453	-2,8%	49 128 754
	France	FA	54 904 083	23,1%	44 615 090	0,8%	44 266 407
	Export	FB	2 858 356	-8,4%	3 121 363	-35,8%	4 862 347
	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	2 247 807	18,1%	1 903 052	6,8%	1 782 167
	France	FG	2 247 807	18,2%	1 901 564	6,7%	1 781 918
	Export	FH	0	0%	1 488	497,6%	249
	Net turnover	FL	60 010 246	20,9%	49 639 505	-2,5%	50 910 921
	France	FJ	57 151 890	22,9%	46 516 654	1,0%	46 048 325
	Export	FK	2 858 356	-8,5%	3 122 851	-35,8%	4 862 596
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	720 250	130,1%	313 037	113,1%	146 922
	Other income	FQ	582 432	0,9%	577 323	-21,3%	733 830

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	58 661 385	26,6%	46 330 142	-0,1%	46 381 984

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	49 469 423	62,7%	30 397 392	-0,2%	30 459 642
Change in stocks of goods for resale	FT	-7 196 403	-2967,6%	250 953	131,8%	-788 684
Purchase of raw materials	FU	4 445 202	14,0%	3 899 846	-12,2%	4 441 737
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	4 818 904	20,4%	4 001 754	-6,2%	4 265 050
Tax, duty and similar payments	FX	540 851	10,4%	489 824	-3,8%	508 917
Payroll	FY	4 198 485	-6,9%	4 509 807	-4,2%	4 707 014
Social security costs	FZ	1 954 133	-8,0%	2 123 902	-2,1%	2 169 854

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	222 654	-18,1%	271 764	-3,0%	280 296
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	96 048	136,8%	40 560	102,9%	19 992
Provisions for risks and charges	GD	0	0%	244 990	-13,4%	282 982

Other charges

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	112 088	12,8%	99 349	182,4%	35 184

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	106 356	-19,0%	131 236	-8,7%	143 811
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	103 323	-20,4%	129 863	21,6%	106 758
	Other interest and similar income	GL	3 033	120,9%	1 373	-95,9%	33 446
	Released provisions and transferred charges	GM	0	0%	0	0%	3 607
	Exchange gains	GN	0	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	1 019 514	-3,8%	1 060 112	-15,9%	1 260 369
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	1 019 514	-3,8%	1 060 112	-15,9%	1 260 369
	Exchange losses	GS	0	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	120 568	-10,9%	135 353	-37,8%	217 614
	Extraordinary operating income	HA	120 568	-10,9%	135 353	-37,8%	217 614
	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	5 789 379	114,7%	2 696 499	13,4%	2 377 328
	Extraordinary operating charges	HE	5 789 379	114,7%	2 696 499	13,4%	2 377 328
	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%	116 001

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	-1 110 521	-696,5%	186 170	-71,1%	644 358

References

		31/12/2010		31/12/2009		31/12/2008
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	122 285	0%	122 285	0%	0
Of which transferred charges	A1	9 566	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	29 000	45,0%	20 000	0%	0
Of which royalties on licences and patents (charges)	A4	1 302	-43,2%	2 292	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%	3 787 919
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	1 100 722
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	988	-97,1%	34 469	-49,9%	68 844
	Gross value at the end of period	OL	5 176 417	5,1%	4 926 987	2,2%	4 819 797

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	591 979	5,0%	563 823	19,6%	471 566
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	8 708	-74,9%	34 663	-62,8%	93 248
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	6 507	556,6%	991
	Gross value at the end of period	LW	600 687	1,5%	591 979	5,0%	563 823

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	2 146 757	3,5%	2 074 971	4,3%	1 988 486
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	241 710	142,3%	99 749	-35,4%	154 338
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	27 963	-58,8%	67 853
	Gross value at the end of period	NH	2 388 467	11,3%	2 146 757	3,5%	2 074 971

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	2 188 251	0,3%	2 181 003	64,2%	1 327 867
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	7 248	-99,2%	853 136
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	988	0%	0	0%	0
	Gross value at the end of period	NK	2 187 263	0,0%	2 188 251	0,3%	2 181 003

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%	1 211 179
Increases		0P	0	0%	0	0%	280 296
Decreasess		0Q	0	0%	0	0%	66 167
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	1 425 308

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	415 445	22,8%	338 333	35,2%	250 219
Increases		PF	51 807	-38,0%	83 619	-6,2%	89 105
Decreasess		PG	0	0%	6 507	556,6%	991
	Decreasess by budget item transfer	PH	467 252	12,5%	415 445	22,8%	338 333

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	1 249 557	15,0%	1 086 974	13,1%	960 960
Increases		QV	170 847	-9,2%	188 146	-1,6%	191 191
Decreases		QW	0	0%	25 563	-60,8%	65 176
	Decreasess by budget item transfer	QX	1 420 404	13,7%	1 249 557	15,0%	1 086 975

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	873 193	-3,1%	900 680	20,4%	748 235
Increases		UB	96 048	-66,4%	285 550	-5,8%	302 974
Decreases		UC	710 684	127,0%	313 037	108,0%	150 529
	Value at the end of period	UD	258 557	-70,4%	873 193	-3,1%	900 681

Includes Total allocations

Operating	UE	96 048	-66,4%	285 550	-5,8%	302 974
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	710 684	127,0%	313 037	113,1%	146 922
Financial	UH	0	0%	0	0%	3 607
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	244 990	-13,4%	282 982	118,7%	129 387
Increases		TV	0	0%	244 990	-13,4%	282 982
Decreases		TW	244 990	-13,4%	282 982	118,7%	129 387
	Value at the end of period	TX	0	0%	244 990	-13,4%	282 982

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7B	628 203	1,7%	617 698	-0,2%	618 849
Increases		TY	96 048	136,8%	40 560	102,9%	19 992
Decreases		TZ	465 694	1449,5%	30 055	42,2%	21 142
	Value at the end of period	UA	258 557	-58,8%	628 203	1,7%	617 699

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	32 678 493	26,1%	25 922 304	9,5%	23 667 472
1 year at most	VU	32 672 233	26,1%	25 915 056	9,5%	23 667 472
More than one year	VV	6 260	-13,6%	7 248	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	6 260	-13,6%	7 248	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	193 270	66,5%	116 080	-23,9%	152 548
Other claims customer	UX	22 920 979	32,9%	17 240 922	14,5%	15 051 812
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	14 947	0%	0	0%	30 051
Social Security and other social organizations	UZ	0	0%	22 822	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	1 110 647	59,9%	694 748	-17,8%	845 221
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	40 068	1,3%	39 565	0%	0
Group and Associates	VC	3 714 189	24,6%	2 981 226	20,2%	2 480 756
Accounts receivable (including claims relating to the operation of pension titles)	VR	4 311 343	-5,1%	4 543 034	-6,4%	4 851 990

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	366 790	32,6%	276 658	8,5%	255 095

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	39 327 470	85,6%	21 191 292	11,3%	19 038 784
1 year at most		VZ2	38 027 527	103,1%	18 725 351	12,1%	16 704 323
More than 1 year and 5 years at most		VZ3	1 299 943	-47,3%	2 465 941	11,2%	2 218 460
More than 5 years		VZ4	0	0%	0	0%	116 001

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	12 209 813	9,5%	11 154 319	42,6%	7 823 309
1 year at most		VG2	12 209 813	9,5%	11 154 319	42,6%	7 823 309
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	2 043 347	-29,1%	2 880 265	16,4%	2 475 303
1 year at most		VH2	743 404	-11,9%	843 659	20,8%	698 161
More than 1 year and 5 years at most		VH3	1 299 943	-36,2%	2 036 606	14,6%	1 777 142
	Loans and various financial liabilities (gross)	8A1	382 101	-19,9%	476 900	-20,2%	597 446
1 year at most		8A2	382 101	703,3%	47 565	18,5%	40 127
More than 1 year and 5 years at most		8A3	0	0%	429 335	-2,7%	441 318
	Suppliers and associated accounts (gross)	8B1	16 916 483	682,9%	2 160 821	-34,7%	3 310 775
1 year at most		8B2	16 916 483	682,9%	2 160 821	-34,7%	3 310 775
More than 1 year and 5 years at most		8B3	16 916 483	682,9%	2 160 821	0%	0
	Personnel and associated accounts (gross)	8C1	268 887	29,8%	207 113	-46,1%	384 014
1 year at most		8C2	268 887	29,8%	207 113	-46,1%	384 014
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	522 377	-14,2%	608 875	-5,6%	645 156
1 year at most		8D2	522 377	-14,2%	608 875	-5,6%	645 156
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	54 652	460,8%	9 745	-91,5%	114 920
1 year at most		VW2	54 652	460,8%	9 745	-91,5%	114 920
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	186 486	10,1%	169 364	-23,4%	221 149
1 year at most		VQ2	186 486	10,1%	169 364	-23,4%	221 149
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	0	0%	0	0%	81
1 year at most		VI2	0	0%	0	0%	81
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	6 743 322	114,4%	3 144 504	11,0%	2 832 740
1 year at most		8K2	6 743 322	114,4%	3 144 504	11,0%	2 832 740
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%	379 385	-40,1%	633 891
1 year at most		8L2	0	0%	379 385	-40,1%	633 891
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%	1 150 000	-21,8%	1 470 000
Debt repaid during the period	VK	834 122	11,9%	745 415	34,2%	555 330

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	163 162	-42,8%	285 447	-30,0%	407 732
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%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2010		31/12/2009		31/12/2008
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

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

Average number of employees

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	107	-13,7%	124	0%	124

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		2,66	-28,3%	3,71	-0,5%	3,73	1,97	35,0%
Global Debt		236 days	53,2%	154 days	14,1%	135 days	138 days	71,0%
Working Capital Fund overall net		52 days	-46,4%	97 days	4,3%	93 days	47 days	10,6%
Financial independence		66,38%	-28,4%	92,69%	-27,7%	128,29%	402,70%	-83,5%
More ratios
Solvability		19,39%	-48,6%	37,76%	-7,0%	40,61%	27%	-28,2%
Capacity debt futures		73,04%	-32,6%	108,42%	-30,1%	155,04%	878,85%	-91,7%
Coverage of current assets by net working capital overall		18,94%	-55,2%	42,32%	-5,2%	44,65%	32,85%	-42,3%
General Liquidity		0,86	-37,7%	1,38	-2,8%	1,42	0,45	91,1%
Restricted Liquidity		0,86	-38,1%	1,39	-2,1%	1,42	0,78	10,3%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital		122 days	-31,5%	178 days	17,9%	151 days	12 days	916,7%
Treasury		-73 days	8,8%	-80 days	-45,5%	-55 days	7 days	-1142,9%
Inventory turnover of goods		110 days	61,8%	68 days	-6,8%	73 days	82 days	34,1%
Average length of credit granted to customers		139 days	10,3%	126 days	16,7%	108 days	33 days	321,2%
Average length of credit obtained suppliers		118 days	490,0%	20 days	-35,5%	31 days	62 days	90,3%
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	2300 days	-
Rotation tangible assets		2512,50%	8,7%	2312,30%	-5,8%	2453,57%	2115,58%	18,8%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading		25,81%	-25,0%	34,42%	-9,9%	38,22	31,66%	-18,5%
Profitability of the business		2,97	-62,8%	7,99	-21,0%	10,11	3,24%	-8,3%
Net profit		-4,70%	-547,6%	1,05%	-61,1%	2,70%	1,82%	-358,2%
More ratios
Growth rate of turnover (excluding VAT)		20,89%	935,6%	-2,50%	-357,7%	0,97%	1,35%	1447,4%
Rates integration		14,12%	-36,8%	22,34%	-9,3%	24,62%	19,19%	-26,4%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		72,61%	21,4%	59,82%	9,0%	54,87%	68,81%	5,5%
Weight interests		1,70	-20,6%	2,14%	-13,7%	2,48%	0,24%	608,3%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability		-5,51%	-668,0%	0,97%	-67,1%	2,95%	2,34%	-335,5%
Rates of economic profitability		7%	-50,0%	14%	-33,3%	21%	15%	-53,3%
Financial profitability		9461006%	-27,3%	13008173%	-1,5%	13211901%	37041%	25442,0%
Return on investment		-7,47%	-229,9%	5,75%	-47,3%	10,92%	11,86%	-163,0%

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	60 010 246	20,9%	49 639 505	-2,5%	50 910 921	478 534 €	12440,4%

Sales of goods	57 762 439	21,0%	47 736 453	-2,8%	49 128 754
- Purchase of goods	49 469 423	62,7%	30 397 392	-0,2%	30 459 642
+/- Stock of goods variation	-7 196 403	-2967,6%	250 953	131,8%	-788 684
Trading margin	15 489 419 €	-9,4%	17 088 108 €	-12,2%	19 457 796 €	122 158,50 €	12579,8%
	25,81 % CA	-25,0%	34,42 % CA	-9,9%	38,22 % CA	32,58 % CA	-20,8%

Sale of goods produced	2 247 807	18,1%	1 903 052	6,8%	1 782 167
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	2 247 807 €	18,1%	1 903 052 €	6,8%	1 782 167 €	3 554 €	63147,2%
	3,75 % CA	-2,1%	3,83 % CA	9,4%	3,50 % CA	1,35 % CA	177,8%

Trading margin	15 489 419	-9,4%	17 088 108	-12,2%	19 457 796	122 158,50	12579,8%
+ Period Production	2 247 807	18,1%	1 903 052	6,8%	1 782 167	3 554	63147,2%
- Purchase of raw materials	4 445 202	14,0%	3 899 846	-12,2%	4 441 737
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	4 818 904	20,4%	4 001 754	-6,2%	4 265 050
Added value	8 473 120 €	-23,6%	11 089 560 €	-11,5%	12 533 176 €	93 990,50 €	8914,9%
	14,12 % CA	-36,8%	22,34 % CA	-9,3%	24,62 % CA	19,19 % CA	-26,4%

Added value	8 473 120 €	-23,6%	11 089 560 €	-11,5%	12 533 176 €	93 990,50 €	8914,9%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	540 851	10,4%	489 824	-3,8%	508 917
- Personal charges	6 152 618	-7,3%	6 633 709	-3,5%	6 876 868
Gross operating surplus	1 779 651 €	-55,1%	3 966 027 €	-23,0%	5 147 391 €	13 117,50 €	13467,0%
	2,97 % CA	-62,8%	7,99 % CA	-21,0%	10,11 % CA	3,24 % CA	-8,3%

Gross operating surplus	1 779 651 €	-55,1%	3 966 027 €	-23,0%	5 147 391 €	13 117,50 €	13467,0%
+ Release of reserves and provisions	720 250	130,1%	313 037	113,1%	146 922
+ Other operating income	582 432	0,9%	577 323	-21,3%	733 830
- Depreciation/Amortisation	318 702	-42,8%	557 314	-4,5%	583 270
- Other charges	112 088	12,8%	99 349	182,4%	35 184
Operating result	2 651 543 €	-36,9%	4 199 724 €	-22,4%	5 409 689 €	10 846 €	24347,2%
	2,97 % CA	-62,8%	7,99 % CA	-21,0%	10,11 % CA	03 % CA	-1,0%

Operating result	2 651 543 €	-36,9%	4 199 724 €	-22,4%	5 409 689 €	10 846 €	24347,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	106 356	-19,0%	131 236	-8,7%	143 811
- Financial charges	1 019 514	-3,8%	1 060 112	-15,9%	1 260 369
Pre-tax result	1 738 385 €	-46,9%	3 270 848 €	-23,8%	4 293 131 €	9 094,50 €	19014,7%
	2,90 % CA	-56,0%	6,59 % CA	-21,8%	8,43 % CA	1,95 % CA	48,7%

Extraordinary income	120 568	-10,9%	135 353	-37,8%	217 614	21,50	560681,4%
- Extraordinary charges	5 789 379	114,7%	2 696 499	13,4%	2 377 328
Extraordinary result	-5 668 811 €	-121,3%	-2 561 146 €	-18,6%	-2 159 714 €	0 €	0%
	-9,45 % CA	-83,1%	-5,16 % CA	-21,7%	-4 % CA	0 % CA	0%

Pre-tax result	1 738 385 €	-46,9%	3 270 848 €	-23,8%	4 293 131 €	9 094,50 €	19014,7%
Extraordinary result	-5 668 811 €	-121,3%	-2 561 146 €	-18,6%	-2 159 714 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	116 001
- Tax on profits	-1 110 521	-696,5%	186 170	-71,1%	644 358
Net result	-2 819 905 €	-638,6%	523 532 €	-61,9%	1 373 058 €	9 224 €	-30671,4%
	-4,70 % CA	-547,6%	1,05 % CA	-61,1%	2,70 % CA	1,81 % CA	-359,7%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Trends
Profitability
Liquidity
Net worth

Establishment details

Trade name	STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VITAM
Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)	Business Pages FT®	MATIERE TEXTILE IMPORT EXPORT NEGOCE
Postal Address	JL INTERNATIONAL ETS JEAN LABATUT STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VIT ZONE ACTIV BORDEAUX NORD 28 RUE RENE MAGNE 33083 BORDEAUX CEDEX	Trading Address	28 RUE RENE MAGNE 33300 BORDEAUX
Telephone
Fax	05 56 43 55 44

Type	Head office (one site company)	Status	Economically active
Formation Date	01/1900	Reason for formation
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	Gironde (33)	Region	Aquitaine
District	2	Area	99
City	BORDEAUX	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

		Branches		1 branch entities in this company
		Head office		> JL INTERNATIONAL ETS JEAN LABATUT <<<  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in BORDEAUX  (33300)
		Secondary establishments
	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

100 to 199 employees

Company workforce

100 to 199 employees

Status history

Date		Description
No Status History
	Recent publications in Gazettes

Publication date	Gazette Name	Description
18/08/2011	Bodacc B	Modification et mutation diverse
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 632 - 775 583 792 RCS Bordeaux. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire : PELLE Jean-Michel modification le 09 Août 2011 Commissaire aux comptes suppléant : GFA AQUITAINE en fonction le 19 Juillet 1999 Président : VIGNAUD Michel en fonction le 17 Août 2010 Directeur général : LIU Zhiwen en fonction le 17 Août 2010 Directeur général : VIGNAUD Daniel en fonction le 17 Août 2010. Activité : . Commentaires : Modification de représentant.

04/03/2011		Bodacc A	Extrait de jugement
33 - GIRONDE TRIBUNAL DE COMMERCE DE BORDEAUX 1428 - Date : 16 février 2011. Jugement d'homologation de l'accord. 775 583 792 RCS Bordeaux. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : Société par actions simplifiée. Activité : distribution, importation, exportation de tous textiles et de tous produits lies a l'équipement de la personne. Adresse : 28 rue René Magne Zone, d'Activités de Bordeaux Nord 33300 Bordeaux. Complément de jugement : Jugement d'homologation de l'accord intervenu dans la procédure de conciliation. Le jugement est déposé au greffe où tout intéressé peut en prendre connaissance.
26/08/2010		Bodacc B	Modification et mutation diverse
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 452 - 775 583 792 RCS Bordeaux. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire : PELLE Jean-Michel en fonction le 19 Juillet 1999 Commissaire aux comptes suppléant : GFA AQUITAINE en fonction le 19 Juillet 1999 Directeur général : BARATTE Jacques modification le 17 Août 2010 Président : VIGNAUD Michel en fonction le 17 Août 2010 Directeur général : LIU Zhiwen en fonction le 17 Août 2010 Directeur général : VIGNAUD Daniel en fonction le 17 Août 2010. Commentaires : Modification de représentant.
26/07/2010		Bodacc C	Comptes annuels et rapports
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 3741 - 775583792 RCS. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : Société par actions simplifiée. Adresse : 28 rue René Magne Zone d'Activités de Bordeaux Nord 33300 Bordeaux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
09/07/2010		JAL	Appointment of the social representative
GIRONDE Société faisant objet d'une nomination : 775583792 - JL INTERNATIONAL ETS JEAN LABATUT, STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VITAM, 28 RUE RENE MAGNE, ZONE ACTIV BORDEAUX NORD, 33300 BORDEAUX Nominé : Monsieur Michel VIGNAUD, 1 BOULEVARD 1 BOULEVARD JEAN JAURES, 16500 CONFOLENS En la fonction de : Président
09/07/2010				JAL		Appointment of the social representative
GIRONDE Société faisant objet d'une nomination : 775583792 - JL INTERNATIONAL ETS JEAN LABATUT, STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VITAM, 28 RUE RENE MAGNE, ZONE ACTIV BORDEAUX NORD, 33300 BORDEAUX Nominé : Monsieur Jacques BARATTE En la fonction de : DG - Directeur Général
09/07/2010				JAL		Appointment of the social representative
GIRONDE Société faisant objet d'une nomination : 775583792 - JL INTERNATIONAL ETS JEAN LABATUT, STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VITAM, 28 RUE RENE MAGNE, ZONE ACTIV BORDEAUX NORD, 33300 BORDEAUX Nominé : Monsieur Zhiwen LIU, 9 RUE 9 RUE DU DOBROPOL, 75017 PARIS En la fonction de : DG - Directeur Général
09/07/2010				JAL		Appointment of the social representative
GIRONDE Société faisant objet d'une nomination : 775583792 - JL INTERNATIONAL ETS JEAN LABATUT, STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VITAM, 28 RUE RENE MAGNE, ZONE ACTIV BORDEAUX NORD, 33300 BORDEAUX Nominé : Monsieur Daniel VIGNAUD, RUELLE RUELLE DU RAMPEAU, 16450 ST LAURENT DE CERIS En la fonction de : DG - Directeur Général
09/07/2010				JAL		Resignation / Revocation of the social representative
GIRONDE Date de décision : 02/07/2010 La société 775583792 - JL INTERNATIONAL ETS JEAN LABATUT, STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VITAM, 28 RUE RENE MAGNE, ZONE ACTIV BORDEAUX NORD, 33300 BORDEAUX Fait l'objet du départ de Monsieur Alain SAELENS
09/07/2010				JAL		Resignation / Revocation of the social representative
GIRONDE Date de décision : 02/07/2010 La société 775583792 - JL INTERNATIONAL ETS JEAN LABATUT, STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VITAM, 28 RUE RENE MAGNE, ZONE ACTIV BORDEAUX NORD, 33300 BORDEAUX Fait l'objet du départ de Monsieur Philippe GRAFFIN
09/07/2010				JAL		Resignation / Revocation of the social representative
GIRONDE Date de décision : 02/07/2010 La société 775583792 - JL INTERNATIONAL ETS JEAN LABATUT, STYLECO/GOLDSMITH/PICK OUIC/VIA 28 VITAM, 28 RUE RENE MAGNE, ZONE ACTIV BORDEAUX NORD, 33300 BORDEAUX Fait l'objet du départ de Monsieur Jacques BARATTE
10/09/2009				Bodacc C		Comptes annuels et rapports
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 1692 - 775583792 RCS. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : Société par actions simplifiée. Adresse : 28 rue René Magne Zone d'Activités de Bordeaux Nord 33300 Bordeaux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
26/08/2008				Bodacc C		Comptes annuels et rapports
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 3434 - 775583792 RCS. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : Société par actions simplifiée. Adresse : 28 rue René Magne Zone 33300 Bordeaux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
27/01/2008				Bodacc B		Modification et mutation diverse
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 981 - 775 583 792 RCS Bordeaux. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : Société par actions simplifiée. Enseigne : STYLECO GOLDSMITH PICK OUIC VIA 28 VITAMINES THREE MIXX CINTRE A CINTRE FRANCK COSTER. Administration : Commissaire aux comptes titulaire : PELLE Jean-Michel en fonction le 19 Juillet 1999. Commissaire aux comptes suppléant : GFA AQUITAINE en fonction le 19 Juillet 1999. Directeur général : GRAFFIN Philippe Marie Sylvain Patrick en fonction le 16 Janvier 2008. Président du conseil d'administration et directeur général : BARATTE Jacques en fonction le 16 Janvier 2008. Directeur général : SAELENS Alain Jean Pierre en fonction le 16 Janvier 2008. Commentaires : Modification de représentant.
27/09/2007				Bodacc C		Avis de dépôt des comptes
748 - 775 583 792. RCS Bordeaux JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme: Société par actions simplifiée. Adresse du siège social: 28 rue René Magne Zone d'Activités de Bordeaux Nord , 33300 Bordeaux. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
21/07/2006				Bodacc C		Avis de dépôt des comptes
1354 - RCS Bordeaux B 775 583 792. RC 57-B 575. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE - SAS. Adresse du siège social: 28, rue René Magne Zone,d'Activites de Bordeaux Nord, 33300 Bordeaux. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
20/04/2006				Bodacc B		Modifications et mutations diverses
0421 - RCS Bordeaux B 775 583 792. RC 57-B 575. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : S.A.S. Nom commercial : Styléco Goldsmith Pick Ouic Via 28 Vitamines Three Mixx Cintre A Cintre Franck Coster. Commentaires : modification survenue sur le nom commercial. Etablissement principal - Adresse : Z.A. de Bordeaux Nord, 28 rue René-Magne, 33300
31/07/2005	Bodacc B				Modifications et mutations diverses
836 - RCS Bordeaux B 775 583 792. RC 57-B 575. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président : LABATUT (Daniel, Jean). Administrateurs partants : S.A. CUADRADO, représentée par FONDON (Manuel, Joseph) LABATUT (Jean-Jacques) FRIBOURG (Pierre, Maurice, Roland). Nomination d'un directeur général : BARATTE (Jacques) (Nom d'usage : BARATTE).
23/07/2005	Bodacc C				Avis de dépôt des comptes
1624 - RCS Bordeaux B 775 583 792. RC 57-B 575. JL INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme: S.A. Adresse du siège social: 28, rue René Magne Zone,d'Activites de Bordeaux Nord, 33300 Bordeaux. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
23/06/2004	Bodacc B				Modifications et mutations diverses
RCS Bordeaux B 775583792 RC 57-B 575 J. L. INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification d'un administrateur : LABATUT (Jean-Jacques).
21/07/2002	Bodacc B				Modifications et mutations diverses
RCS Bordeaux B 775583792 RC 57-B 575 J. L. INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : S.A. Adresse du siège social : Z.A. de Bordeaux Nord, 28 rue René-Magne, 33300 Bordeaux. Commentaires : modification survenue sur l'adresse du siège social, l'adresse de l' établissement principal et l' administration. Administration : modification d'un directeur général délégué et administrateur : LABATUT ( Jean-Jacques). Administrateur partant : MICUCCI (Leonardo) Etablissement principal: Adresse : Z.A. de Bordeaux Nord, 28 rue René-Magne, 33300 Bordeaux.
02/08/2001	Bodacc B				Modifications et mutations diverses
RCS Bordeaux B 775583792 RC 57-B 575 J. L. INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : S.A. Capital : 2 000 000 d' euros. Commentaires : modification survenue sur le capital (augmentation).
13/04/2000	Bodacc B				Modifications et mutations diverses
*. RCS Bordeaux B 775 583 792 RC 57-B 575 J.L. INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification : directeur général et administrateur : LABATUT (Jean, Claude).
01/08/1999	Bodacc B				Modifications et mutations diverses
RCS Bordeaux B 775583792 RC 57-B 575 J. L. INTERNATIONAL-ETABLISSEMENTS JEAN LABATUT. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : administrateur partant : GEORGES ( Pierre, Antoine, Paul). Nomination d'un administrateur : MICUCCI (Léonardo). Commissaire aux comptes titulaire partant : CABINET J.-P. FAUCOUNAU ET ASSOCIES. Nomination du commissaire aux comptes titulaire : PELLE (Jean-Michel). Commissaire aux comptes suppléant partant : PEYROUX (Roland). Nomination du commissaire aux comptes suppléant : G.F.A. AQUITAINE.
14/08/1998	Bodacc B				Modifications et mutations diverses
RCS *. RCS Bordeaux B 775 583 792 RC RC 57-B 575 J.L. INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : S.A. Administration : suppression : administrateur : AUXITEX S.A. INSTITUT DE PARTICIPATION DU GRAND SUD-OUEST. Commentaires : modification survenue sur l'administration.
23/06/1996	Bodacc B				Modifications et mutations diverses
RCS Bordeaux B 775 583 792 RC 57-B 575 J.L. INTERNATIONAL-ETABLISSEMENTS JEAN LABATUT. Forme : S.A. Administration : président du conseil d'administration : LABATUT (Daniel, Jean). Administrateurs S.A. CUADRADO LABATUT (Jean, Jacques) AUXITEX S.A. INSTITUT DE PARTICIPATION DU GRAND SUD-OUEST FRIBOURG (Pierre, Maurice, Roland) GEORGES (Pierre, Antoine, Paul). Commissaire aux comptes titulaire : CABINET J.-P. FAUCOUNAU ET ASSOCIES. Commissaire aux comptes suppléant : PEYROUX (Roland). Commentaires : modification survenue sur l'administration.
07/07/1995	Bodacc B				Modifications et mutations diverses
RCS *. RCS Bordeaux B 775 583 792 RC RC 57-B 575 J.L. INTERNATIONAL ETABLISSEMENTS JEAN LABATUT. Forme : S.A. Administration : président du conseil d' administration : LABATUT (Daniel, Jean) Administrateurs : S.A. CUADRADO LABATUT (Jean-Jacques) AUXITEX S.A. INSTITUT DE PARTICIPATION DU GRAND SUD- OUEST FRIBOURG (Pierre, Maurice, Roland) GEORGES (Pierre, Antoine, Paul). Commissaires aux comptes titulaires : CABINET J.-P. FAUCOUNAU ET ASSOCIES. Commissaire aux comptes suppléant : PEYROUX (Roland). Commentaires : modification survenue sur l'administration.

Company events history

Date	Description
18/08/2011	Bodacc B: Various editing or changing
09/08/2011	Minutes of general meeting of shareholders
09/08/2011	Changes to the Board of Directors
28/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
04/03/2011	New collective procedure
16/02/2011	New collective procedure
31/12/2010	New accounts available
03/09/2010	New shareholders detected
03/09/2010	New ultimate parent
03/09/2010	New parent detected
26/08/2010	Bodacc B: Various editing or changing
17/08/2010	Changes to the Board of Directors
17/08/2010	New chairman (CEO, CoB)
17/08/2010	Amendment
17/08/2010	Power of attorney
26/07/2010	Bodacc C : Deposit accounts notice
09/07/2010	Legal Gazette: Resignation / Revocation of the social representative
02/07/2010	Legal Gazette: Appointment of the social representative
31/12/2009	New accounts available
10/09/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
26/08/2008	Bodacc C : Deposit accounts notice
27/01/2008	Bodacc B: Various editing or changing
27/01/2008	New Bodacc B ads detected
16/01/2008	Modification du Conseil d'Administration
16/01/2008	Private document
16/01/2008	Appointment/resignation of company officers
16/01/2008	PV d'Assemblée
16/01/2008	Minutes of general meeting of shareholders
16/01/2008	Power of attorney
16/01/2008	Procuration
16/01/2008	Nomination/démission des organes de gestion
16/01/2008	Changement de Président (PDG, PCA)
16/01/2008	New chairman (CEO, CoB)
16/01/2008	Changes to the Board of Directors
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
18/07/2005	Changement de Forme Juridique sans changement de catégorie
18/07/2005	New legal form – no new category
18/07/2005	Changement de Président (PDG, PCA)
18/07/2005	Modification du Conseil d'Administration
18/07/2005	Acte sous seing privé
18/07/2005	Private document
18/07/2005	Appointment/resignation of company officers
18/07/2005	Nomination/démission des organes de gestion
18/07/2005	Minutes of general meeting of shareholders
18/07/2005	PV d'Assemblée
18/07/2005	Statuts mis à jour
18/07/2005	Updated articles of association
18/07/2005	Audit or Management Report
18/07/2005	Rapport des Commissaires ou du Gérant
18/07/2005	Procuration
26/04/2005	Application and court order
26/04/2005	Requête et Ordonnance
31/12/2004	New accounts available
08/06/2004	Appointment/resignation of company officers
08/06/2004	Private document
08/06/2004	Acte sous seing privé
08/06/2004	Modification du Conseil d'Administration
08/06/2004	Changes to the Board of Directors
08/06/2004	Minutes of Board meeting
08/06/2004	PV du Conseil d'Administration
08/06/2004	Nomination/démission des organes de gestion
31/12/2003	New accounts available
09/07/2002	Procuration
09/07/2002	Modification du Conseil d'Administration
09/07/2002	PV du Conseil d'Administration
09/07/2002	Nomination/démission des organes de gestion
09/07/2002	Statuts mis à jour
09/07/2002	PV d'Assemblée
09/07/2002	Acte sous seing privé
18/07/2001	Acte sous seing privé
18/07/2001	PV d'Assemblée
18/07/2001	Conversion du Capital Social en Euros
18/07/2001	Augmentation de Capital
18/07/2001	Statuts mis à jour
18/07/2001	Procuration
30/03/2000	PV du Conseil d'Administration
30/03/2000	Modification du Conseil d'Administration
30/03/2000	Nomination/démission des organes de gestion
30/03/2000	Acte sous seing privé
19/07/1999	Acte sous seing privé
19/07/1999	Nomination/démission des organes de gestion
19/07/1999	Changement de Commissaire aux Comptes
19/07/1999	PV d'Assemblée
19/07/1999	Modification du Conseil d'Administration
19/07/1999	Procuration
28/07/1998	Procuration
28/07/1998	Nomination/démission des organes de gestion
28/07/1998	Acte sous seing privé
28/07/1998	PV d'Assemblée
28/07/1998	Modification du Conseil d'Administration
16/07/1997	PV d'Assemblée
16/07/1997	Acte sous seing privé
16/07/1997	Statuts mis à jour
07/06/1996	PV du Conseil d'Administration
07/06/1996	Nomination/démission des organes de gestion
21/06/1995	Nomination/démission des organes de gestion
21/06/1995	PV d'Assemblée
21/06/1995	Modification du Conseil d'Administration
23/06/1994	PV d'Assemblée
23/06/1994	Changement de Commissaire aux Comptes
22/11/1993	Statuts mis à jour
22/11/1993	PV du Conseil d'Administration
22/11/1993	Augmentation de Capital
22/11/1993	Déclaration de conformité
23/12/1992	Modification du Conseil d'Administration
23/12/1992	Déclaration de conformité
23/12/1992	Statuts mis à jour
23/12/1992	PV du Conseil d'Administration
23/12/1992	Augmentation de Capital
27/05/1992	Déclaration de conformité
27/05/1992	Augmentation de Capital
27/05/1992	Statuts mis à jour
27/05/1992	Nomination/démission des organes de gestion
27/05/1992	PV du Conseil d'Administration

Establishment events history

Date	Description
28/07/2011	Update Limit
13/09/2010	Update of phone numbers
05/07/2010	Update Limit
28/02/2010	Update of phone numbers
30/12/2009	Update Rating
31/08/2009	Update Limit
07/08/2008	Update Limit
19/05/2008	Update of phone numbers
13/01/2008	Update Limit
16/12/2007	Update Limit
09/12/2007	Update Limit
07/12/2007	Update Limit

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.04
UK Pound	1	Rs.81.08
Euro	1	Rs.67.39

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.