MIRA INFORM REPORT

Report Date :

12.04.2012

IDENTIFICATION DETAILS

Name :	INTER EQUIPEMENT

Registered Office :	Z I, 7 Rue Pierre Et Marie Curie, Bp 81, 33290 Blanquefort

Country :	France

Financials (as on) :	31.03.2011

Date of Incorporation :	July 1980

Com. Reg. No.:	RCS Bordeaux B 319 730 495

Legal Form :	Public limited company with board of directors

Line of Business :	Wholesale business pharmaceuticals

No. of Employees :	06 to 09 employees

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	160,000 €

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

France

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

REGISTERED NAME & COMPANY SUMMARY

INTER EQUIPEMENT

company summary


Activity (APE)	Commerce de gros (commerce interentreprises) de produits pharmaceutiques (4646Z) (Wholesale (business to business) pharmaceuticals (4646Z))	Legal form	Public limited company with board of directors
Phone	05 56 95 68 35	RCS Registration	RCS Bordeaux B 319 730 495
Fax		Share capital	410,000 Euros
Address	INTER EQUIPEMENT Z I 7 RUE PIERRE ET MARIE CURIE BP 81 33290 BLANQUEFORT	Incorporated Date	12/1980
Nationality	France	Status	Economically active

company details

	Activity (APE)	Commerce de gros (commerce interentreprises) de produits pharmaceutiques (4646Z)
	RCS Registration	RCS Bordeaux B 319 730 495	Share capital	410,000 Euros
	Registration Court	Bordeaux (33)	Legal form	Public limited company with board of directors
	Court Registry Number	80 B 00939	EU VAT Number	FR13319730495
	Incorporation Date	12/1980	Formation Date	07/1980
	Deregistration Date		Last account Date	31/03/2011
	Nationality	France
Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) de produits pharmaceutiques (4646Z)	Business Pages FT®
Postal Address	INTER EQUIPEMENT Z I 7 RUE PIERRE ET MARIE CURIE BP 81 33290 BLANQUEFORT	Trading Address	7 RUE PIERRE ET MARIE CURIE 33290 BLANQUEFORT
Telephone	05 56 95 68 35
Fax

CREDIT RECOMENDATION

Current Credit Limit: 160,000 €

DIRECTORS/MANAGEMENT

Current Directors

directors

Name	M. TARIS ALAIN
Manager position	Président du conseil d'administration	Date of birth	25/03/1950
Place of birth	BORDEAUX
Type of manager	Individual	Name at birth of manager

Name	M. CONCHEZ BOUEYTOU JEAN-LOUIS
Manager position	Administrateur, Directeur général délégué	Date of birth	06/01/1956
Place of birth	BORDEAUX
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

NEGATIVE INFORMATION

Last published preferential right

This company is not under monitoring

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

SHARE & SHARE CAPITAL INFORMATION

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

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.

FINANCIAL INFORMATION

Trading to Date		03/31/2011		03/31/2010		03/31/2009
Turnover		7,251,407 €		3,360,233 €		4,005,712 €
	Gross Operating Surplus		3,71 % Turnover		2,22 % Turnover		7,94 % Turnover
	Net worth		1,075,692 €		961,627 €		969,586 €
	Employees		6 to 9 employees		-		-

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/03/2011	31/03/2010	31/03/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	21/10/2011	18/10/2010	24/10/2009
Activity Code	4646Z	4646Z	4646Z
Employees	0	6	0

Active account

Annual Accounts	31/03/2011		31/03/2010		31/03/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	130 080	23,9%	104 986	4,3%	100 650	47 595	173,3%
- Intangible assets	22 076	44,8%	15 245	0%	15 245	389	5575,1%
- Tangible assets	77 741	69,8%	45 772	-6,3%	48 826	16 297	377,0%
- Financial assets	30 263	-31,2%	43 969	20,2%	36 579	2 550	1086,8%
Net current assets	2 269 717	14,1%	1 988 794	-28,6%	2 783 841	333 577	580,4%
- Stocks	690 937	147,7%	278 923	-0,4%	279 945	56 678	1119,1%
- Advanced payments	0	14,1%	0	0%	0	0	0%
- Receivables	1 147 914	1,0%	1 136 764	-50,0%	2 273 966	144 776	692,9%
- Securities and cash	430 866	-24,8%	573 107	149,3%	229 930	54 230	694,5%
- Prepaid expenses	-	-	-	-	-	246	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	2 399 798	14,6%	2 093 779	-27,4%	2 884 492	444 870	439,4%

Passive Account

Annual Accounts	31/03/2011		31/03/2010		31/03/2009	Sector Median 2011
Shareholders' equity	1 075 692	11,9%	961 627	-0,8%	969 586	146 769	632,9%
Share capital	410 000	0%	410 000	0%	410 000	26 525	1445,7%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1 321 631	16,7%	1 132 152	-40,9%	1 914 905	221 978	495,4%
- Financial liabilities	115 151	-9,8%	127 675	54,9%	82 416	23 026	400,1%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	810 677	13,9%	711 532	-42,7%	1 242 392	88 841	812,5%
- Tax and social liabilities	210 854	96,0%	107 581	2,0%	105 511	75 621	178,8%
- Other debts and fixed assets liabilities	187 423	1,1%	185 365	1,7%	182 287	4 305	4253,6%
Account regularization	0	0%	0	0%	302 300	0	0%
Total liabilities	2 399 798	14,6%	2 093 779	-27,4%	2 884 492	444 870	439,4%

Results

Annual Accounts	31/03/2011		31/03/2010		31/03/2009	Sector Median 2011
Sales of Goods	7 263 920	116,0%	3 362 461	-16,1%	4 008 712	813 866	792,5%
Net turnover	7 251 407	115,8%	3 360 233	-16,1%	4 005 712	799 086	807,5%
- of which net export turnover	7 245 879	116,9%	3 340 071	-16,3%	3 989 395	0	0%
Operating charges	7 040 392	112,5%	3 312 870	-11,4%	3 740 295	683 940	929,4%
Operating profit/loss	223 528	350,7%	49 591	-81,5%	268 417	29 865	648,5%
Financial income	36 434	976,0%	3 386	111,0%	1 605	285	12683,9%
Financial charges	115 358	1912,2%	5 733	-24,8%	7 624	1 381	8253,2%
Financial profit/loss	-78 924	-3262,8%	-2 347	61,0%	-6 019	-264	-29795,5%
Pretax net operating income	144 604	206,1%	47 244	-82,0%	262 398	28 796	402,2%
Extraordinary income	39 578	328,5%	9 237	81,1%	5 101	312	12585,3%
Extraordinary charges	19 696	919,5%	1 932	21,3%	1 593	488	3936,1%
Extraordinary profit/loss	19 882	1461,5%	7 305	108,2%	3 508	0	0%
Net result	114 065	171,3%	42 041	-76,8%	181 492	25 845	341,3%

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		31/03/2011		31/03/2010		31/03/2009
	Months		12		12		12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/03/2011		31/03/2010		31/03/2009
Grand Total (I to VI)	Net	2 399 798	14,6%	2 093 779	-27,4%	2 884 492
Gross	CO	2 783 511	14,4%	2 433 340	-24,1%	3 205 442
Amortisation	1A	383 713	13,0%	339 561	5,8%	320 950

Non declared distributed capital (I)

		31/03/2011		31/03/2010		31/03/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		31/03/2011		31/03/2010		31/03/2009
Total Active fixed asset (II)	Net	130 080	23,9%	104 986	4,3%	100 650
Gross	BJ	367 849	9,3%	336 689	1,5%	331 875
Amortisation	BK	237 769	2,6%	231 703	0,2%	231 225

Intangilble fixed assets

			31/03/2011		31/03/2010		31/03/2009
	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	6 831	0%	0	0%	0
	Gross	AF	18 909	32,0%	14 330	0%	14 330
	Amortisation	AG	12 078	-15,7%	14 330	0%	14 330
	Goodwill	Net	15 245	0%	15 245	0%	15 245
	Gross	AH	15 245	0%	15 245	0%	15 245
	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	22 076	44,8%	15 245	0%	15 245

Tangilble fixed assets

		31/03/2011		31/03/2010		31/03/2009
Lands	Net	15 350	0%	15 350	0%	15 350
Gross	AN	15 350	0%	15 350	0%	15 350
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	24 045	40,7%	17 084	-14,2%	19 922
Gross	AP	209 643	5,3%	199 182	0%	199 182
Amortisation	AQ	185 598	1,9%	182 098	1,6%	179 260
Plant	Net	3 505	0%	0	0%	0
Gross	AR	4 760	397,4%	957	0%	957
Amortisation	AS	1 255	31,1%	957	0%	957
Other tangible fixed assets	Net	34 841	161,2%	13 338	-1,6%	13 554
Gross	AT	73 679	54,6%	47 656	-5,1%	50 232
Amortisation	AU	38 838	13,2%	34 318	-6,4%	36 678
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	77 741		45 772		48 826

Financial assets

		31/03/2011		31/03/2010		31/03/2009
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	23 226	0%	23 226	0%	23 226
Gross	CU	23 226	0%	23 226	0%	23 226
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	4 573	0%	4 573	0%	4 573
Gross	BB	4 573	0%	4 573	0%	4 573
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	2 464	-84,8%	16 170	84,2%	8 780
Gross	BH	2 464	-84,8%	16 170	84,2%	8 780
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		30 263		43 969		36 579

Current Assets (III)

		31/03/2011		31/03/2010		31/03/2009
Total Assets	Net	2 269 717	14,1%	1 988 794	-28,6%	2 783 841
Gross	CJ	2 415 660	15,2%	2 096 650	-27,0%	2 873 566
Amortisation	CK	145 943	35,3%	107 856	20,2%	89 725

Stocks

		31/03/2011		31/03/2010		31/03/2009
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	690 937	147,7%	278 923	-0,4%	279 945
Gross	BT	712 136	146,6%	288 738	-0,4%	289 760
Amortisation	BU	21 199	116,0%	9 815	0%	9 815
Sub Total Stocks	Net	690 937	147,7%	278 923	-0,4%	279 945

Advance payments to suppliers

		31/03/2011		31/03/2010		31/03/2009
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

		31/03/2011		31/03/2010		31/03/2009
Trade accounts receivable	Net	1 075 158	3,6%	1 038 196	-52,9%	2 205 989
Gross	BX	1 199 902	5,6%	1 136 237	-50,3%	2 285 899
Amortisation	BY	124 744	27,2%	98 041	22,7%	79 910
Other debtors	Net	38 814	-53,4%	83 216	55,6%	53 482
Gross	BZ	38 814	-53,4%	83 216	55,6%	53 482
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	1 113 972	-0,7%	1 121 412	-50,4%	2 259 471

Divers

		31/03/2011		31/03/2010		31/03/2009
Investment securities	Net	0	0%	493 414	0%	0
Gross	CD	0	0%	493 414	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	430 866	440,7%	79 693	-65,3%	229 930
Gross	CF	430 866	440,7%	79 693	-65,3%	229 930
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	430 866	-24,8%	573 107	149,3%	229 930

Prepaid expenses

		31/03/2011		31/03/2010		31/03/2009
Prepaid expenses	Net	33 942	121,1%	15 352	5,9%	14 495
Gross	CH	33 942	121,1%	15 352	5,9%	14 495
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/03/2011		31/03/2010		31/03/2009
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		31/03/2011		31/03/2010		31/03/2009
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	188 518	0%	0

Display parameter
Currency	Euro	Kilo Euro

			31/03/2011		31/03/2010		31/03/2009
	Grand Total (I to V)	EE	2 399 798	14,6%	2 093 779	-27,4%	2 884 492

Shareholder Equity (I)

		31/03/2011		31/03/2010		31/03/2009
Total shareholders' equity (Total I)	DL	1 075 692	11,9%	961 627	-0,8%	969 586
Equity and shareholders' equity	DA	410 000	0%	410 000	0%	410 000
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	41 000	0%	41 000	0%	41 000
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	510 627	9,0%	468 586	39,0%	337 093
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	114 065	171,3%	42 041	-76,8%	181 493
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		31/03/2011		31/03/2010		31/03/2009
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)

		31/03/2011		31/03/2010		31/03/2009
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)

		31/03/2011		31/03/2010		31/03/2009
Total Liabilities (Total IV)	EC	1 321 631	16,7%	1 132 152	-40,9%	1 914 905
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	943	-89,7%	9 166	2819,1%	314
Sundry loans and financial liabilities	DV	114 208	-3,6%	118 509	44,3%	82 102
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	810 677	13,9%	711 532	-42,7%	1 242 392
Tax and social security liabilities	DY	210 854	96,0%	107 581	2,0%	105 511
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	184 949	-0,2%	185 365	1,7%	182 287

Translation loss (V)

			31/03/2011		31/03/2010		31/03/2009
	Translation loss (Total V)	ED	2 474	0%	0	0%	0

Equalization accounts

			31/03/2011		31/03/2010		31/03/2009
	Deferred income	EB	0	0%	0	0%	302 300

References

		31/03/2011		31/03/2010		31/03/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	1 314 597	16,1%	1 132 152	-40,9%	1 914 905
Of which current bank facilities	EH	0	0%	7 809	2386,9%	314

Display parameter
Currency	Euro	Kilo Euro

			31/03/2011		31/03/2010		31/03/2009
	Operating result (Total I-II)	GG	223 528	350,7%	49 591	-81,5%	268 417

2 - Financial result (V - VI)

			31/03/2011		31/03/2010		31/03/2009
	Financial result (Total V-VI)	GV	-78 924	-3262,8%	-2 347	61,0%	-6 019

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

			31/03/2011		31/03/2010		31/03/2009
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	144 604	206,1%	47 244	-82,0%	262 398

4 - Extraordinary result (VII-VIII)

			31/03/2011		31/03/2010		31/03/2009
	Extraordinary result (Total VII-VIII)	HI	19 882	172,2%	7 305	108,2%	3 508

Profit or loss

			31/03/2011		31/03/2010		31/03/2009
	Profit or loss	HN	114 065	171,3%	42 041	-76,8%	181 492

Total Income (I+III+V+VII)

			31/03/2011		31/03/2010		31/03/2009
	Total Income (I+III+V+VII)	HL	7 339 932	117,5%	3 375 084	-15,9%	4 015 418

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

			31/03/2011		31/03/2010		31/03/2009
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	7 225 867	116,8%	3 333 043	-13,1%	3 833 926

Operating income (I)

			31/03/2011		31/03/2010		31/03/2009
	Total operating income (Total I)	FR	7 263 920	116,0%	3 362 461	-16,1%	4 008 712

Operating income (details)

		31/03/2011		31/03/2010		31/03/2009
Sale of goods for resale	FC	7 251 407	115,9%	3 358 584	-15,5%	3 973 642
France	FA	5 528	-72,6%	20 162	23,6%	16 317
Export	FB	7 245 879	117,0%	3 338 422	-15,6%	3 957 325
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	0	0%	1 649	-94,9%	32 070
France	FG	0	0%	0	0%	0
Export	FH	0	0%	1 649	-94,9%	32 070
Net turnover	FL	7 251 407	115,8%	3 360 233	-16,1%	4 005 712
France	FJ	5 528	-72,6%	20 162	23,6%	16 317
Export	FK	7 245 879	116,9%	3 340 071	-16,3%	3 989 395
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	12 411	472,7%	2 167	31,0%	1 654
Other income	FQ	102	67,2%	61	-95,5%	1 346

Operating charges (II)

			31/03/2011		31/03/2010		31/03/2009
	Total operating charges (Total II)	GF	7 040 392	112,5%	3 312 870	-11,4%	3 740 295

Exploitation charges

		31/03/2011		31/03/2010		31/03/2009
Purchase of goods for resale	FS	6 143 181	166,2%	2 307 326	-18,9%	2 844 784
Change in stocks of goods for resale	FT	-423 398	-41569,0%	1 021	-95,8%	24 531
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	632 238	29,8%	487 253	36,2%	357 790
Tax, duty and similar payments	FX	37 817	50,8%	25 075	-18,8%	30 862
Payroll	FY	404 607	26,6%	319 499	7,6%	297 030
Social security costs	FZ	187 693	29,1%	145 331	9,6%	132 641

Depreciation

		31/03/2011		31/03/2010		31/03/2009
Depreciation of fixed assets	GA	10 301	18,2%	8 718	-11,6%	9 857
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	47 901	164,2%	18 131	-57,4%	42 542
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

			31/03/2011		31/03/2010		31/03/2009
	Other charges	GE	52	-89,9%	516	100%	258

Operating charges (III-IV)

		31/03/2011		31/03/2010		31/03/2009
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)

		31/03/2011		31/03/2010		31/03/2009
Total financial income (Total V)	GP	36 434	976,0%	3 386	111,0%	1 605
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	167	317,5%	40	-11,1%	45
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	35 971	1002,4%	3 263	109,2%	1 560
Net income from disposal of investment securities	GO	296	256,6%	83	0%	0

Financial Charge (VI)

		31/03/2011		31/03/2010		31/03/2009
Total financial charge (Total VI)	GU	115 358	1912,2%	5 733	-24,8%	7 624
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	9 397	0%	0	0%	3 234
Exchange losses	GS	105 961	1748,3%	5 733	30,6%	4 390
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

		31/03/2011		31/03/2010		31/03/2009
Total extraordinary income (Total VII)	HD	39 578	328,5%	9 237	81,1%	5 101
Extraordinary operating income	HA	23 572	155,2%	9 237	81,1%	5 101
Extraordinary income from capital transactions	HB	16 006	0%	0	0%	0
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		31/03/2011		31/03/2010		31/03/2009
Total extraordinary charges (Total VIII)	HH	19 696	919,5%	1 932	21,3%	1 593
Extraordinary operating charges	HE	3 107	2578,4%	116	-57,0%	270
Extraordinary charges from capital transactions	HF	16 589	813,5%	1 816	37,3%	1 323
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

			31/03/2011		31/03/2010		31/03/2009
	Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

			31/03/2011		31/03/2010		31/03/2009
	Tax on profits (Total X)	HK	50 421	303,1%	12 508	-85,2%	84 414

References

		31/03/2011		31/03/2010		31/03/2009
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	2 167	736,7%	259
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)

		31/03/2011		31/03/2010		31/03/2009
Gross value at begin of period	OG	0	0%	0	0%	0
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreasess by budget item transfer	OK1	2 000	0%	0	0%	0
Decreasess by transfers	OK2	20 823	27,0%	16 401	49,0%	11 004
Gross value at the end of period	OL	367 849	9,3%	336 689	1,5%	331 876

Research and development Charge (Total I)

		31/03/2011		31/03/2010		31/03/2009
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)

		31/03/2011		31/03/2010		31/03/2009
Gross value at begin of period	KD	29 575	0%	29 575	-17,3%	35 773
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	7 520	0%	0	0%	0
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	2 941	0%	0	0%	6 198
Gross value at the end of period	LW	34 154	15,5%	29 575	0%	29 575

Tangible fixed assets (Total III)

		31/03/2011		31/03/2010		31/03/2009
Gross value at begin of period	LN	263 143	-1,0%	265 720	5,0%	253 032
Increasess due to revaluation	LO	0	0%	0	0%	17 494
Increasess, acquisitions, creations, contributions	LP	46 464	521,3%	7 478	0%	0
Decreasess by budget item transfer	NG1	2 000	0%	0	0%	0
Decreasess by transfers	NG2	4 176	-58,5%	10 055	109,2%	4 806
Gross value at the end of period	NH	303 431	15,3%	263 143	-1,0%	265 720

Fiancial assets (Total IV)

		31/03/2011		31/03/2010		31/03/2009
Gross value at begin of period	LQ	43 969	20,2%	36 579	28,8%	28 401
Increasess due to revaluation	LR	0	0%	0	0%	8 178
Increasess, acquisitions, creations, contributions	LS	0	0%	13 736	0%	0
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	13 706	116,0%	6 346	0%	0
Gross value at the end of period	NK	30 263	-31,2%	43 969	20,2%	36 579

Reserve for depreciation
Situation and movement of reserve for depreciation
Grand total (I-II-III)

			31/03/2011		31/03/2010		31/03/2009
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/03/2011		31/03/2010		31/03/2009
	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)

			31/03/2011		31/03/2010		31/03/2009
	Reserve for depreciation value at begin of period	PE	14 330	0%	14 330	-30,2%	20 528
Increases		PF	689	0%	0	0%	0
Decreasess		PG	2 941	0%	0	0%	6 198
	Decreasess by budget item transfer	PH	12 078	-15,7%	14 330	0%	14 330

Total fixed assets amotisation (Total III)

			31/03/2011		31/03/2010		31/03/2009
	Reserve for depreciation value at begin of period	QU	217 373	0,2%	216 895	3,0%	210 520
Increases		QV	9 611	10,3%	8 717	-11,6%	9 857
Decreases		QW	1 293	-84,3%	8 239	136,5%	3 483
	Decreasess by budget item transfer	QX	225 691	3,8%	217 373	0,2%	216 894

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

			31/03/2011		31/03/2010		31/03/2009
	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

			31/03/2011		31/03/2010		31/03/2009
	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)

			31/03/2011		31/03/2010		31/03/2009
	Value at begining of period	7C	107 857	20,2%	89 725	84,7%	48 576
Increases		UB	47 901	164,2%	18 131	-57,4%	42 542
Decreases		UC	9 815	0%	0	0%	1 395
	Value at the end of period	UD	145 943	35,3%	107 856	20,2%	89 723

Includes Total allocations

Operating	UE	47 901	164,2%	18 131	-57,4%	42 542
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	9 815	0%	0%	1 395
Financial	UH	0	0%	0%	0
Exceptional	UK	0	0%	0%	0

Total regulated provisions (Total I)

			31/03/2011		31/03/2010		31/03/2009
	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)

			31/03/2011		31/03/2010		31/03/2009
	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)

			31/03/2011		31/03/2010		31/03/2009
	Value at begining of period	7B	107 856	20,2%	89 725	84,7%	48 579
Increases		TY	47 901	164,2%	18 131	-57,4%	42 541
Decreases		TZ	9 815	0%	0	0%	1 395
	Value at the end of period	UA	145 942	35,3%	107 856	20,2%	89 725

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

		31/03/2011		31/03/2010		31/03/2009
Gross value	VT	1 279 696	1,9%	1 255 549	-47,0%	2 367 229
1 year at most	VU	1 031 006	-3,0%	1 062 458	-51,7%	2 200 708
More than one year	VV	248 690	28,8%	193 091	16,0%	166 521

State of loans

		31/03/2011		31/03/2010		31/03/2009
Claims related to holdings (gross)	UL	4 573	0%	4 573	0%	4 573
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	2 464	-84,8%	16 170	84,2%	8 780
Other financial assets (1 year at most)	UV	2 464	-84,8%	16 170	84,2%	8 780

Receivables statement of assets

		31/03/2011		31/03/2010		31/03/2009
Customers doubtful or disputed	VA	244 117	29,5%	188 518	16,4%	161 948
Other claims customer	UX	955 786	0,9%	947 720	-55,4%	2 123 952
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	0	0%	0	0%	276
Social Security and other social organizations	UZ	422	-70,8%	1 446	0%	1 446
Income taxes	VM	0	0%	71 908	84,3%	39 022
Value added tax	VB	21 421	175,8%	7 768	-38,5%	12 633
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	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	16 972	710,5%	2 094	1894,3%	105

Prepaid

			31/03/2011		31/03/2010		31/03/2009
	Prepaid	VS	33 942	121,1%	15 352	5,9%	14 495

State Debt

			31/03/2011		31/03/2010		31/03/2009
	Total debt (gross)	VY	1 321 631	16,7%	1 132 152	-40,9%	1 914 905
1 year at most		VZ2	1 321 631	16,7%	1 132 152	-40,9%	1 914 905
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

			31/03/2011		31/03/2010		31/03/2009
	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	943	-89,7%	9 166	2819,1%	314
1 year at most		VG2	943	-89,7%	9 166	2819,1%	314
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	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
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	810 677	13,9%	711 532	-42,7%	1 242 392
1 year at most		8B2	810 677	13,9%	711 532	-42,7%	1 242 392
More than 1 year and 5 years at most		8B3	810 677	13,9%	711 532	-42,7%	1 242 392
	Personnel and associated accounts (gross)	8C1	53 557	172,4%	19 661	2,4%	19 206
1 year at most		8C2	53 557	172,4%	19 661	2,4%	19 206
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	101 162	39,0%	72 789	7,4%	67 780
1 year at most		8D2	101 162	39,0%	72 789	7,4%	67 780
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	29 317	0%	0	0%	0
1 year at most		8E2	29 317	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	791	-84,5%	5 089
1 year at most		VW2	0	0%	791	-84,5%	5 089
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	26 818	87,0%	14 340	6,7%	13 436
1 year at most		VQ2	26 818	87,0%	14 340	6,7%	13 436
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	114 208	-3,6%	118 509	44,3%	82 102
1 year at most		VI2	114 208	-3,6%	118 509	44,3%	82 102
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	184 949	-0,2%	185 365	1,7%	182 287
1 year at most		8K2	184 949	-0,2%	185 365	1,7%	182 287
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%	302 300
1 year at most		8L2	0	0%	0	0%	302 300
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/03/2011		31/03/2010		31/03/2009
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

			31/03/2011		31/03/2010		31/03/2009
	Dividends	ZE	0	0%	0	0%	0

Commitments

		31/03/2011		31/03/2010		31/03/2009
Commitments leasing furniture	YQ	0	0%	0	0%	0
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

		31/03/2011		31/03/2010		31/03/2009
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

		31/03/2011		31/03/2010		31/03/2009
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

		31/03/2011		31/03/2010		31/03/2009
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

			31/03/2011		31/03/2010		31/03/2009
	Average number of employees	YP	0	0%	06	0%	0

Groups and Shareholders

			31/03/2011		31/03/2010		31/03/2009
	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

	31/03/2011		31/03/2010		31/03/2009	Sector Median 2011
Fixed Asset Financing	3,88	-0,5%	3,90	0,8%	3,87	2,61	48,7%
Global Debt	66 days	-45,5%	121 days	-29,7%	172 days	102 days	-35,3%
Working Capital Fund overall net	53 days	-49,5%	105 days	23,5%	85 days	67 days	-20,9%
Financial independence	114071,26%	987,3%	10491,24%	-96,6%	308785,35%	547,65%	20729,2%
More ratios
Solvability	44,82%	-2,4%	45,93%	36,7%	33,61%	37,60%	19,2%
Capacity debt futures	114071,26%	987,3%	10491,24%	-96,6%	308785,35%	1000,93%	11296,5%
Coverage of current assets by net working capital overall	44,54%	17,4%	37,93%	14,0%	33,26%	45,29%	-1,7%
General Liquidity	0,78	-17,0%	0,94	-18,3%	1,15	0,71	9,9%
Restricted Liquidity	1,11	-22,9%	1,44	13,4%	1,27	1,09	1,8%

Management or rotation

	31/03/2011		31/03/2010		31/03/2009	Sector Median 2011
Need background in operating working capital	30 days	-28,6%	42 days	-53,8%	91 days	26 days	15,4%
Treasury	21 days	-65,6%	61 days	190,5%	21 days	13 days	61,5%
Inventory turnover of goods	45 days	0%	45 days	25,0%	36 days	66 days	-31,8%
Average length of credit granted to customers	60 days	-50,8%	122 days	-40,5%	205 days	57,50 days	4,3%
Average length of credit obtained suppliers	46 days	-50,0%	92 days	-33,8%	139 days	57 days	-19,3%
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	1421 days	-
Rotation tangible assets	2389,80%	87,1%	1276,96%	-15,3%	1507,49%	1887,01%	26,6%

Profitability of the business

	31/03/2011		31/03/2010		31/03/2009	Sector Median 2011
Margin trading	21,12%	-32,4%	31,25%	13,3%	27,57	29,23%	-27,7%
Profitability of the business	3,71	67,1%	2,22	-72,0%	7,94	4,63%	-19,9%
Net profit	1,57%	25,6%	1,25%	-72,4%	4,53%	3%	-47,7%
More ratios
Growth rate of turnover (excluding VAT)	115,80%	818,8%	-16,11%	-128,7%	56,05%	3,89%	2876,9%
Rates integration	12,40%	-26,2%	16,80%	-13,6%	19,44%	26,74%	-53,6%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	65,86%	-20,0%	82,32%	49,2%	55,18%	68,19%	-3,4%
Weight interests	1,59	835,3%	0,17%	-10,5%	0,19%	0,20%	695,0%

Return on capital

	31/03/2011		31/03/2010		31/03/2009	Sector Median 2011
Cash flow from the overall profitability	1,59%	1,9%	1,56%	-67,4%	4,78%	4%	-60,2%
Rates of economic profitability	23%	228,6%	7%	-76,7%	30%	20%	15,0%
Financial profitability	1075692%	11,9%	961627%	-0,8%	969586%	128169%	739,3%
Return on investment	19,27%	339,0%	4,39%	-75,6%	17,98%	13,34%	44,5%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/03/2011		31/03/2010		31/03/2009	Sector Median 2011
Turnover	7 251 407	115,8%	3 360 233	-16,1%	4 005 712	799 086 €	807,5%

Sales of goods	7 251 407	115,9%	3 358 584	-15,5%	3 973 642
- Purchase of goods	6 143 181	166,2%	2 307 326	-18,9%	2 844 784
+/- Stock of goods variation	-423 398	-41569,0%	1 021	-95,8%	24 531
Trading margin	1 531 624 €	45,8%	1 050 237 €	-4,9%	1 104 327 €	185 560 €	725,4%
	21,12 % CA	-32,4%	31,25 % CA	13,3%	27,57 % CA	29,53 % CA	-28,5%

Sale of goods produced	0	0%	1 649	-94,9%	32 070
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	0 €	0%	1 649 €	-94,9%	32 070 €	71 752 €	0%
	0,00 % CA	0%	0,05 % CA	-93,8%	0,80 % CA	7,61 % CA	0%

Trading margin	1 531 624	45,8%	1 050 237	-4,9%	1 104 327	185 560	725,4%
+ Period Production	0	0%	1 649	-94,9%	32 070	71 752	0%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	632 238	29,8%	487 253	36,2%	357 790
Added value	899 386 €	59,3%	564 633 €	-27,5%	778 607 €	204 778 €	339,2%
	12,40 % CA	-26,2%	16,80 % CA	-13,6%	19,44 % CA	26,74 % CA	-53,6%

Added value	899 386 €	59,3%	564 633 €	-27,5%	778 607 €	204 778 €	339,2%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	37 817	50,8%	25 075	-18,8%	30 862
- Personal charges	592 300	27,4%	464 830	8,2%	429 671
Gross operating surplus	269 269 €	260,3%	74 728 €	-76,5%	318 074 €	34 885 €	671,9%
	3,71 % CA	67,1%	2,22 % CA	-72,0%	7,94 % CA	4,63 % CA	-19,9%

Gross operating surplus	269 269 €	260,3%	74 728 €	-76,5%	318 074 €	34 885 €	671,9%
+ Release of reserves and provisions	12 411	472,7%	2 167	31,0%	1 654
+ Other operating income	102	67,2%	61	-95,5%	1 346
- Depreciation/Amortisation	58 202	116,8%	26 849	-48,8%	52 399
- Other charges	52	-89,9%	516	100%	258
Operating result	223 528 €	350,7%	49 591 €	-81,5%	268 417 €	29 865 €	648,5%
	3,08 % CA	108,1%	1,48 % CA	-77,9%	6,70 % CA	3,79 % CA	-18,7%

Operating result	223 528 €	350,7%	49 591 €	-81,5%	268 417 €	29 865 €	648,5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	36 434	976,0%	3 386	111,0%	1 605
- Financial charges	115 358	1912,2%	5 733	-24,8%	7 624
Pre-tax result	144 604 €	206,1%	47 244 €	-82,0%	262 398 €	28 796 €	402,2%
	1,99 % CA	41,1%	1,41 % CA	-78,5%	6,55 % CA	3,69 % CA	-46,1%

Extraordinary income	39 578	328,5%	9 237	81,1%	5 101	312	12585,3%
- Extraordinary charges	19 696	919,5%	1 932	21,3%	1 593
Extraordinary result	19 882 €	172,2%	7 305 €	108,2%	3 508 €	0 €	0%
	0,27 % CA	22,7%	0,22 % CA	144,4%	0 % CA	0 % CA	0%

Pre-tax result	144 604 €	206,1%	47 244 €	-82,0%	262 398 €	28 796 €	402,2%
Extraordinary result	19 882 €	172,2%	7 305 €	108,2%	3 508 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	50 421	303,1%	12 508	-85,2%	84 414
Net result	114 065 €	171,3%	42 041 €	-76,8%	181 492 €	25 844 €	341,4%
	1,57 % CA	25,6%	1,25 % CA	-72,4%	4,53 % CA	03 % CA	-47,7%

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Trends

Profitability

Liquidity

Net worth

Type

Head office (one site company)

Status

Economically active

Formation Date

08/1983

Reason for formation

Closure Date

Reason for closure

Reactivation Date

Production Role

Activity Nature

Activity Location

Other

Location surface

Seasonality

Department

Gironde (33)

Region

Aquitaine

District

Area

City

BLANQUEFORT

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

> INTER EQUIPEMENT <<< - Commerce de gros (commerce interentreprises) de produits pharmaceutiques (4646Z) in BLANQUEFORT (33290)

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

6 to 9 employees

Company workforce

6 to 9 employees

event history

Status history
Date	Description
No Status History

Recent publications in Gazettes
Publication date	Gazette Name	Description
15/11/2011	Bodacc C	Comptes annuels et rapports

33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 3924 - 319730495 RCS. INTER EQUIPEMENT. Forme : Société anonyme. Adresse : 7 rue Pierre Marie Curie Zone Industrielle 33290 Blanquefort. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2011.
02/11/2010	Bodacc C	Comptes annuels et rapports

33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 2662 - 319730495 RCS. INTER EQUIPEMENT. Forme : Société anonyme. Adresse : 7 rue Pierre Marie Curie Zone Industrielle 33290 Blanquefort. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2010.
26/11/2009	Bodacc C	Comptes annuels et rapports
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 3165 - 319730495 RCS. INTER EQUIPEMENT. Forme : Société anonyme. Adresse : 7 rue Pierre Marie Curie Zone Industrielle 33290 Blanquefort. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2008.
26/11/2009	Bodacc C	Comptes annuels et rapports
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 3166 - 319730495 RCS. INTER EQUIPEMENT. Forme : Société anonyme. Adresse : 7 rue Pierre Marie Curie Zone Industrielle 33290 Blanquefort. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2009.
25/01/2008	Bodacc C	Comptes annuels et rapports
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 3953 - 319730495 RCS. INTER EQUIPEMENT. Forme : Société anonyme. Adresse : 7 rue Pierre Marie Curie 33290 Blanquefort. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2007.
28/12/2006	Bodacc B	Modifications et mutations diverses
0621 - RCS Bordeaux B 319 730 495. RC 80-B 939. INTER EQUIPEMENT. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes suppléant partant : BRESSAM (Daniel). Nomination d'un commissaire aux comptes suppléant : CABINET D'AUDIT FONDEVILA ET ASSOCIES.
20/08/2005	Bodacc C	Avis de dépôt des comptes
1964 - RCS Bordeaux B 319 730 495. RC 80-B 939. INTER EQUIPEMENT. Forme: S.A. Adresse du siège social: 7, rue Pierre Marie Curie,Zone Industrielle, 33290 Blanquefort. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
23/09/2003	Bodacc B	Modifications et mutations diverses
RCS Bordeaux B 319730495 RC 80-B 939 INTER EQUIPEMENT. Forme : S.A. Capital : 410 000 euros. Activité : fabrication et négoce dans le domaine de la santé, des équipements, des consommables et des fournitures médicales et chirurgicales. Commentaires : modification survenue sur le capital (augmentation), l'activité et l'administration. Administration : modification du président du conseil d' administration et directeur général : TARIS (Alain, Henri, Jean). Modification d'un directeur général délégué et administrateur : CONCHEZ- BOUEYTOU (Jean, Louis, François).
21/02/2002	Bodacc B	Modifications et mutations diverses
RCS Bordeaux B 319730495 RC 80-B 939 INTER EQUIPEMENT. Forme : S.A. Capital : 400 200 euros. Commentaires : modification survenue sur le capital ( augmentation) et l'administration. Administration : commissaire aux comptes titulaire partant : PAQUIER (Bernard). Modification du commissaire aux comptes suppléant : BRESSAM (Daniel). Nomination d'un commissaire aux comptes titulaire : S.A. CABINET PAQUIER.
19/09/2001	Bodacc B	Modifications et mutations diverses
RCS Bordeaux B 319730495 RC 80-B 939 INTER EQUIPEMENT. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : TARIS (Marie, Madeleine). Nomination d'un administrateur : CONCHEZ-BOUEYTOU (Jean, Louis, François).

Company events history

Date	Description
15/11/2011	Bodacc C : Deposit accounts notice
25/10/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/03/2011	New accounts available
02/11/2010	Bodacc C : Deposit accounts notice
31/03/2010	New accounts available
26/11/2009	Bodacc C : Deposit accounts notice
31/03/2009	New accounts available
31/03/2008	New accounts available
25/01/2008	Bodacc C : Deposit accounts notice
31/03/2007	New accounts available
14/12/2006	Minutes of general meeting of shareholders
14/12/2006	Appointment/resignation of company officers
14/12/2006	Private document
14/12/2006	New auditor
27/07/2005	New closing date
27/07/2005	Updated articles of association
27/07/2005	Minutes of general meeting of shareholders
27/07/2005	Private document
31/12/2004	New accounts available
31/12/2003	New accounts available
11/09/2003	Modification de l'objet social
11/09/2003	PV d'Assemblée
11/09/2003	Nomination/démission des organes de gestion
11/09/2003	Augmentation de Capital
11/09/2003	Statuts mis à jour
11/09/2003	Acte sous seing privé
11/09/2003	PV du Conseil d'Administration
14/01/2002	Nomination/démission des organes de gestion
14/01/2002	PV d'Assemblée
14/01/2002	Statuts mis à jour
14/01/2002	Changement de Commissaire aux Comptes
14/01/2002	Augmentation de Capital
14/01/2002	Conversion du Capital Social en Euros
14/01/2002	Acte sous seing privé
06/09/2001	Modification du Conseil d'Administration
06/09/2001	PV d'Assemblée
06/09/2001	Acte sous seing privé
06/09/2001	Nomination/démission des organes de gestion
19/07/1993	PV d'Assemblée
19/07/1993	Modification de l'objet social
19/07/1993	Statuts mis à jour
19/07/1993	Déclaration de conformité

Establishment events history
Date	Description
25/10/2011	Update Rating
25/10/2011	Update Limit
20/10/2010	Update Rating
20/10/2010	Update Limit
21/09/2010	Update of phone numbers
26/02/2010	Update of phone numbers
30/12/2009	Update Rating
27/10/2009	Update Limit
27/10/2009	Update Rating
06/06/2009	Update Rating
06/06/2009	Update Limit
18/03/2008	Update of phone numbers
17/03/2008	Update of phone numbers
18/01/2008	Update Limit
18/01/2008	Update Rating
16/12/2007	Update Limit
10/12/2007	Update Limit
08/12/2007	Update Limit

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.55
UK Pound	1	Rs.81.95
Euro	1	Rs.67.57

RATING EXPLANATIONS

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

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

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

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

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

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

REGISTERED NAME & COMPANY SUMMARY

CREDIT RECOMENDATION

DIRECTORS/MANAGEMENT

NEGATIVE INFORMATION

SHARE & SHARE CAPITAL INFORMATION

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

FINANCIAL INFORMATION

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

NOTES & COMMENTS

Unit