MIRA INFORM REPORT

Report Date :

21.04.2012

IDENTIFICATION DETAILS

Correct Name :	OFA
Registered Office :	20 Av President Vincent Auriol, 87350 Panazol
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	January 1997
Com. Reg. No.:	RCS Limoges 9 410 526 131
Legal Form :	Limited Liability Company
Line of Business :	Wholesale business
No. of Employees :	03 to 05 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Maximum Credit Limit :	37,500 €
Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES:

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

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

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
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

company summary

Acronym	OFA
Activity (APE)	Commerce de gros (commerce interentreprises) non spécialisé (4690Z) (Wholesale business)	Legal form	Limited Liability Company
Phone		RCS Registration	RCS Limoges 9 410 526 131
Fax		Share capital	111,972 Euros
Address	ONE FOR ALL OFA 20 AV PRESIDENT VINCENT AURIOL 87350 PANAZOL	Incorporated Date	01/1997
Nationality	France	Status	Economically active

Limit [€]	37,500 €

Last published preferential right

This company is not under monitoring

Current Directors

1

Trading to Date	12/31/2010	12/31/2009	12/31/2008
Turnover	1,123,247 €	924,478 €	1,456,720 €
Gross Operating Surplus	0,59 % Turnover	1,29 % Turnover	2,29 % Turnover
Net worth	316,471 €	284,108 €	278,310 €
Employees	3 to 5 employees	-	-

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) non spécialisé (4690Z)
RCS Registration	RCS Limoges 9 410 526 131	Share capital	111,972 Euros
Registration Court	Limoges (87)	Legal form	Limited Liability Company
Court Registry Number	19 9 7B000	EU VAT Number	FR57410526131
Incorporation Date	01/1997	Formation Date	02/1997
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Establishment details

Acronym	OFA
Activity (APE)	Commerce de gros (commerce interentreprises) non spécialisé (4690Z)	Business Pages FT®
Postal Address	ONE FOR ALL OFA 20 AV PRESIDENT VINCENT AURIOL 87350 PANAZOL	Trading Address	20 AVENUE PRESIDENT VINCENT AURIOL 87350 PANAZOL
Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	01/2008	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Haute-Vienne (87)	Region	Limousin
District		Area
City	PANAZOL	Size of urban area

Other establishments

Branches	2 branch entities in this company
Head office	> ONE FOR ALL <<<  - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in PANAZOL  (87350)
Secondary establishments	>  ONE FOR ALL  - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in LIMOGES  (87100) >  ONE FOR ALL  - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in VANNES  (56000) >  ONE FOR ALL  - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in PANAZOL  (87350)

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

3 to 5 employees

Company workforce

3 to 5 employees

CREDIT RECOMENDATION

Current Credit Limit: €37,500 

DIRECTORS/MANAGEMENT

directors

Name	LEVEAU ANNE HELENE
Manager position	Gérant	Date of birth	21/07/1965
Place of birth	PARIS 8EME (75)
Type of manager	Individual	Name at birth of manager	GRENIER

Previous Directors

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

Manager position	Title and name	Date of Birth/Place of Birth
Gérant	Mme ANNE HELENE LEVEAU
Gérant	MME ANNE LEVEAU

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

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

SHARE & SHARE CAPITAL INFORMATION

Share capital

111,972 Euros

PAYMENT INFORMATION

Na

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

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	21/07/2011	03/08/2010	-
Activity Code	4690Z	4690Z	4690Z
Employees	0	4	4

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	73 576	-31,6%	107 554	43,8%	74 771	6 386	1052,1%
- Intangible assets	28 368	184,0%	9 989	36,6%	7 310	0	0%
- Tangible assets	29 788	-12,6%	34 077	95,9%	17 398	1 957	1422,1%
- Financial assets	15 798	-75,3%	63 866	27,6%	50 063	76	20686,8%
Net current assets	581 786	-8,6%	636 750	-17,6%	772 405	107 003,50	443,7%
- Stocks	131 285	-34,6%	200 813	8,3%	185 430	8 561,50	1433,4%
- Advanced payments	34 165	-8,6%	5 051	0%	0	0	0%
- Receivables	324 749	-13,2%	374 333	-30,5%	538 840	37 671,50	762,1%
- Securities and cash	91 587	61,9%	56 553	17,5%	48 135	17 371,50	427,2%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	655 365	-11,9%	744 307	-12,1%	847 180	132 025	396,4%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	316 471	11,4%	284 108	2,1%	278 310	31 219	913,7%
Share capital	35 250	0%	35 250	0%	35 250	8 000	340,6%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	338 894	-26,4%	460 195	-19,1%	568 867	87 115	289,0%
- Financial liabilities	83 520	-38,5%	135 798	72,5%	78 722	7 766,50	975,4%
- Advanced payments received	3 890	30,2%	2 987	24,5%	2 400	0	0%
- Trade account payables	206 733	-25,8%	278 690	-35,1%	429 303	23 118,50	794,2%
- Tax and social liabilities	39 471	16,7%	33 834	-20,2%	42 415	17 989	119,4%
- Other debts and fixed assets liabilities	5 280	-40,6%	8 886	-44,6%	16 027	3 630,50	45,4%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	655 365	-11,9%	744 307	-12,1%	847 180	131 883	396,9%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Sales of Goods	1 143 671	22,7%	931 733	-36,2%	1 461 355	208 875	447,5%
Net turnover	1 123 247	21,5%	924 478	-36,5%	1 456 720	205 227,50	447,3%
- of which net export turnover	93 712	-12,7%	107 289	-49,7%	213 331	0	0%
Operating charges	1 147 206	23,0%	932 812	-35,8%	1 451 849	200 312,50	472,7%
Operating profit/loss	-3 535	-227,6%	-1 079	-111,4%	9 506	5 821	-160,7%
Financial income	7 774	-38,3%	12 609	7,9%	11 688	0	0%
Financial charges	6 879	58,1%	4 352	-58,3%	10 428	304,50	2159,1%
Financial profit/loss	895	-89,2%	8 257	555,3%	1 260	-57	1670,2%
Pretax net operating income	-2 640	-136,8%	7 179	-33,3%	10 766	5 173,50	-151,0%
Extraordinary income	93 211	1105,7%	7 731	386450,0%	02	0	0%
Extraordinary charges	51 638	558,9%	7 837	0%	0	41	125846,3%
Extraordinary profit/loss	41 573	30629,2%	-106	-5400%	02	0	0%
Net result	32 361	458,1%	5 798	-34,1%	8 804	5 226,50	519,2%

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	655 365	-11,9%	744 307	-12,1%	847 180
	Gross	CO	737 231	-9,5%	814 665	-10,4%	909 208
	Amortisation	1A	81 866	16,4%	70 358	13,4%	62 032

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	73 576	-31,6%	107 554	43,8%	74 771
	Gross	BJ	138 544	-15,3%	163 593	32,1%	123 865
	Amortisation	BK	64 968	15,9%	56 039	14,1%	49 094

Intangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Start-up cost	Net	378	0%	378	0%	0
	Gross	AB	378	0%	378	0%	378
	Amortisation	AC	378	0%	378	0%	378
	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	7 950	-17,3%	9 611	31,5%	7 310
	Gross	AF	12 418	0,0%	12 419	39,2%	8 919
	Amortisation	AG	4 468	59,1%	2 808	74,5%	1 609
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	20 040	0%	0	0%	0
	Gross	AJ	20 040	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	28 368	184,0%	9 989	36,6%	7 310

Tangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	7 999	-13,9%	9 285	0%	0
	Gross	AR	10 288	0%	10 288	0%	0
	Amortisation	AS	2 289	128,2%	1 003	0%	0
	Other tangible fixed assets	Net	21 789	-12,1%	24 792	42,5%	17 398
	Gross	AT	57 622	5,5%	54 642	28,6%	42 505
	Amortisation	AU	35 833	20,0%	29 850	18,9%	25 107
	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	29 788		34 077		17 398

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	1 593	-96,7%	48 973	2,1%	47 973
	Gross	CU	1 593	-96,7%	48 973	2,1%	47 973
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	235	91,1%	123	0%	0
	Gross	BB	235	91,1%	123	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	10 000	0%	10 000	0%	0
	Gross	BD	32 000	0%	32 000	45,5%	22 000
	Amortisation	BE	22 000	0%	22 000	0%	22 000
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	3 970	-16,8%	4 770	128,2%	2 090
	Gross	BH	3 970	-16,8%	4 770	128,2%	2 090
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		15 798		63 866		50 063

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	581 786	-8,6%	636 750	-17,6%	772 405
	Gross	CJ	598 682	-8,0%	651 067	-17,1%	785 343
	Amortisation	CK	16 896	18,0%	14 317	10,7%	12 938

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	131 285	-34,6%	200 813	8,3%	185 430
	Gross	BT	131 285	-34,6%	200 813	8,3%	185 430
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	131 285	-34,6%	200 813	8,3%	185 430

Advance payments to suppliers

			31/12/2010		31/12/2009		31/12/2008
	Advance payments to suppliers	Net	34 165	576,4%	5 051	0%	0
	Gross	BV	34 165	576,4%	5 051	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2010		31/12/2009		31/12/2008
	Trade accounts receivable	Net	307 467	-15,2%	362 644	-24,3%	479 000
	Gross	BX	324 363	-14,0%	376 961	-23,4%	491 938
	Amortisation	BY	16 896	18,0%	14 317	10,7%	12 938
	Other debtors	Net	14 729	44,8%	10 172	-78,2%	46 657
	Gross	BZ	14 729	44,8%	10 172	-78,2%	46 657
	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	322 196	-13,6%	372 816	-29,1%	525 657

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	91 587	61,9%	56 553	17,5%	48 135
	Gross	CF	91 587	61,9%	56 553	17,5%	48 135
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	91 587	61,9%	56 553	17,5%	48 135

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	2 553	68,3%	1 517	-88,5%	13 183
	Gross	CH	2 553	68,3%	1 517	-88,5%	13 183
	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	655 365	-11,9%	744 307	-12,1%	847 180

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	316 471	11,4%	284 108	2,1%	278 310
	Equity and shareholders' equity	DA	35 250	0%	35 250	0%	35 250
	Issue and merger premiums	DB	17 250	0%	17 250	0%	17 250
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	3 525	0%	3 525	0%	3 525
	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	228 084	2,6%	222 286	4,1%	213 482
	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	32 362	458,3%	5 797	-34,1%	8 803
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

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

Provisions for risks and charges (III)

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

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	338 894	-26,4%	460 195	-19,1%	568 867
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	18 330	-72,2%	65 908	-8,3%	71 891
	Sundry loans and financial liabilities	DV	65 190	-6,7%	69 890	923,1%	6 831
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	3 890	30,2%	2 987	24,5%	2 400
	Trade accounts payables	DX	206 733	-25,8%	278 690	-35,1%	429 303
	Tax and social security liabilities	DY	39 471	16,7%	33 834	-20,2%	42 415
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	5 280	-40,6%	8 886	-44,6%	16 027

Translation loss (V)

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

Equalization accounts

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

References

		31/12/2010		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	263 177	-25,5%	353 351	-32,3%	522 238
Of which current bank facilities	EH	0	0%	0	0%	0

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	-3 535	-227,6%	-1 079	-111,4%	9 506

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	895	-89,2%	8 257	555,3%	1 260

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	-2 640	-136,8%	7 179	-33,3%	10 766

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	41 573	39319,8%	-106	-5400%	02

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	32 361	458,1%	5 798	-34,1%	8 804

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	1 244 656	30,7%	952 073	-35,4%	1 473 045

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	1 212 292	28,1%	946 276	-35,4%	1 464 241

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	1 143 671	22,7%	931 733	-36,2%	1 461 355

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	824 003	17,2%	702 812	-33,9%	1 062 633
	France	FA	764 146	9,3%	699 131	-31,9%	1 027 350
	Export	FB	59 857	1526,1%	3 681	-89,6%	35 283
	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	299 244	35,0%	221 666	-43,8%	394 087
	France	FG	265 389	124,8%	118 058	-45,4%	216 039
	Export	FH	33 855	-67,3%	103 608	-41,8%	178 048
	Net turnover	FL	1 123 247	21,5%	924 478	-36,5%	1 456 720
	France	FJ	1 029 535	26,0%	817 189	-34,3%	1 243 389
	Export	FK	93 712	-12,7%	107 289	-49,7%	213 331
	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	20 424	181,5%	7 255	56,5%	4 635
	Other income	FQ	0	0%	0	0%	0

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	1 147 206	23,0%	932 812	-35,8%	1 451 849

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	535 888	18,1%	453 926	-46,8%	854 036
Change in stocks of goods for resale	FT	69 528	552,0%	-15 383	68,2%	-48 364
Purchase of raw materials	FU	5 818	68,1%	3 462	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	381 084	15,5%	329 930	-15,2%	389 228
Tax, duty and similar payments	FX	3 844	-60,0%	9 616	-41,5%	16 438
Payroll	FY	91 706	-13,2%	105 664	-32,2%	155 908
Social security costs	FZ	28 702	13,3%	25 330	-54,9%	56 146

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	8 929	28,5%	6 946	25,6%	5 530
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	13 766	811,7%	1 510	1061,5%	130
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	7 941	-32,8%	11 811	-48,2%	22 797

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	7 774	-38,3%	12 609	7,9%	11 688
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	0	0%	0	0%	0
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	7 774	-38,3%	12 609	16,8%	10 793
	Net income from disposal of investment securities	GO	0	0%	0	0%	895

Financial Charge (VI)

			31/12/2010		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	6 879	58,1%	4 352	-58,3%	10 428
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	3 061	-25,1%	4 085	31,4%	3 109
	Exchange losses	GS	3 818	1330,0%	267	-96,4%	7 319
	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	93 211	1105,7%	7 731	386450,0%	02
	Extraordinary operating income	HA	31	-99,6%	7 731	386450,0%	02
	Extraordinary income from capital transactions	HB	93 180	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	51 638	558,9%	7 837	0%	0
	Extraordinary operating charges	HE	4 258	-45,7%	7 837	0%	0
	Extraordinary charges from capital transactions	HF	47 380	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	6 569	415,2%	1 275	-35,1%	1 964

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	0	0%	0	0%	0
Of which transferred charges	A1	9 236	29,6%	7 125	97,9%	3 600
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	7 914	-31,2%	11 500	-49,6%	22 797

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%	63 100
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	60 764
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	48 180	0%	0	0%	0
	Gross value at the end of period	OL	138 548	-15,3%	163 596	32,1%	123 865

Research and development Charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	CZ	378	0%	378	0%	378
	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	378	0%	378	0%	378

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	12 420	39,2%	8 920	116,6%	4 119
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	20 040	472,6%	3 500	-27,1%	4 800
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	32 460	161,4%	12 420	39,3%	8 919

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	64 931	52,8%	42 506	38,3%	30 740
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	2 980	-86,7%	22 425	90,6%	11 764
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	67 911	4,6%	64 931	52,8%	42 504

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	85 868	19,2%	72 064	158,6%	27 863
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	111	-99,2%	13 804	-68,8%	44 200
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	48 180	0%	0	0%	0
	Gross value at the end of period	NK	37 799	-56,0%	85 868	19,2%	72 063

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%	21 563
Increases		0P	0	0%	0	0%	5 529
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	27 092

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%	378
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	378

Other intangible assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	2 808	74,5%	1 609	26,1%	1 276
Increases		PF	1 660	38,4%	1 199	261,1%	332
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	4 468	59,1%	2 808	74,6%	1 608

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	30 850	22,9%	25 106	26,1%	19 909
Increases		QV	7 269	26,5%	5 744	10,5%	5 197
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	38 119	23,6%	30 850	22,9%	25 106

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	378	0%	378	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	36 317	3,9%	34 938	-2,5%	35 843
Increases		UB	13 766	812,3%	1 509	1060,8%	130
Decreases		UC	11 188	8506,2%	130	-87,4%	1 035
	Value at the end of period	UD	38 895	7,1%	36 317	3,9%	34 938

Includes Total allocations

Operating	UE	0	0%	1 509	1060,8%	130
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	130	-87,4%	1 035
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7B	36 317	3,9%	34 938	-2,5%	35 843
Increases		TY	13 766	812,3%	1 509	1060,8%	130
Decreases		TZ	11 188	8506,2%	130	-87,4%	1 035
	Value at the end of period	UA	38 895	7,1%	36 317	3,9%	34 938

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	345 850	-12,1%	393 545	-28,9%	553 870
1 year at most	VU	341 880	-12,1%	388 775	-29,6%	552 580
More than one year	VV	3 970	-16,8%	4 770	269,8%	1 290

State of loans

		31/12/2010		31/12/2009		31/12/2008
Claims related to holdings (gross)	UL	235	89,5%	124	0%	0
Claims related to shareholdings (1 year at most)	UM	235	89,5%	124	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	3 970	-16,8%	4 770	128,2%	2 090
Other financial assets (1 year at most)	UV	0	0%	0	0%	800

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	28 105	48,5%	18 930	-1,6%	19 240
Other claims customer	UX	296 257	-17,3%	358 032	-24,3%	472 697
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	300	-25,0%	400	-42,9%	700
Social Security and other social organizations	UZ	0	0%	0	0%	1 337
Income taxes	VM	0	0%	5 102	-78,3%	23 544
Value added tax	VB	10 745	1018,1%	961	-91,1%	10 817
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	3 683	-0,7%	3 709	-63,8%	10 259

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	2 552	68,2%	1 517	-88,5%	13 183

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	335 004	-26,7%	457 210	-19,3%	566 467
1 year at most		VZ2	263 177	-25,5%	353 351	-32,3%	522 237
More than 1 year and 5 years at most		VZ3	71 827	-30,8%	103 859	134,8%	44 229
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2009		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	18 329	-72,2%	65 909	-8,3%	71 891
1 year at most		VH2	6 502	-70,5%	22 050	-20,3%	27 661
More than 1 year and 5 years at most		VH3	11 827	-73,0%	43 859	-0,8%	44 229
	Loans and various financial liabilities (gross)	8A1	60 000	0%	60 000	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	60 000	0%	60 000	0%	0
	Suppliers and associated accounts (gross)	8B1	206 733	-25,8%	278 690	-35,1%	429 303
1 year at most		8B2	206 733	-25,8%	278 690	-35,1%	429 303
More than 1 year and 5 years at most		8B3	206 733	-25,8%	278 690	0%	0
	Personnel and associated accounts (gross)	8C1	6 471	35,4%	4 780	-58,6%	11 554
1 year at most		8C2	6 471	35,4%	4 780	-58,6%	11 554
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	15 077	97,4%	7 636	-67,8%	23 705
1 year at most		8D2	15 077	97,4%	7 636	-67,8%	23 705
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	6 569	0%	0	0%	0
1 year at most		8E2	6 569	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	8 439	-38,2%	13 646	0%	0
1 year at most		VW2	8 439	-38,2%	13 646	0%	0
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	2 914	-62,5%	7 772	8,6%	7 156
1 year at most		VQ2	2 914	-62,5%	7 772	8,6%	7 156
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	5 190	-47,5%	9 890	44,8%	6 831
1 year at most		VI2	5 190	-47,5%	9 890	44,8%	6 831
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	5 279	-40,6%	8 887	-44,5%	16 027
1 year at most		8K2	5 279	-40,6%	8 887	-44,5%	16 027
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Loans made during the period	VJ	0	0%	77 000	71,1%	45 000
Debt repaid during the period	VK	47 578	107,0%	22 982	86,9%	12 297

Table allocation results and other information
Dividends distributed

		31/12/2010		31/12/2009		31/12/2008
Dividends	ZE	0	0%	0	0%	25 996

Commitments

		31/12/2010		31/12/2009		31/12/2008
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

		31/12/2010		31/12/2009		31/12/2008
Subcontracting	YT	0	0%	55 122	57,5%	35 000
Rentals, rental charges and condominiums	XQ	0	0%	41 026	36,4%	30 083
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	19 751	-9,3%	21 768
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	214 031	-29,2%	302 375
Total Other purchases and external	ZJ	0	0%	329 930	-15,2%	389 226

Taxes and Fees

		31/12/2010		31/12/2009		31/12/2008
Business tax	YW	0	0%	5 311	-13,9%	6 168
Other taxes and payments assimilated	9Z	0	0%	4 305	-58,1%	10 270
Total taxes and fees	YX	0	0%	9 616	-41,5%	16 438

VAT

		31/12/2010		31/12/2009		31/12/2008
Amount VAT collected	YY	0	0%	160 029	-34,2%	243 177
Total VAT on goods and services	YZ	0	0%	136 527	-36,5%	215 131

Average number of employees

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	0	0%	04	0%	04

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		3,36	15,5%	2,91	-11,3%	3,28	2,98	12,8%
Global Debt		109 days	-39,1%	179 days	27,0%	141 days	128 days	-14,8%
Working Capital Fund overall net		105 days	-13,9%	122 days	74,3%	70 days	56 days	87,5%
Financial independence		1724,46%	300,6%	430,49%	11,2%	387,13%	243,94%	606,9%
More ratios
Solvability		48,29%	26,5%	38,17%	16,2%	32,85%	27,32%	76,8%
Capacity debt futures		4867,29%	277,8%	1288,47%	28,1%	1006,15%	688,56%	606,9%
Coverage of current assets by net working capital overall		54,76%	13,9%	48,09%	31,6%	36,55%	37,45%	46,2%
General Liquidity		1,30	18,2%	1,10	3,8%	1,06	0,59	120,3%
Restricted Liquidity		1,65	31,0%	1,26	9,6%	1,15	1,04	58,7%

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		3,36	15,5%	2,91	-11,3%	3,28	2,98	12,8%
Global Debt		109 days	-39,1%	179 days	27,0%	141 days	128 days	-14,8%
Working Capital Fund overall net		105 days	-13,9%	122 days	74,3%	70 days	56 days	87,5%
Financial independence		1724,46%	300,6%	430,49%	11,2%	387,13%	243,94%	606,9%
More ratios
Solvability		48,29%	26,5%	38,17%	16,2%	32,85%	27,32%	76,8%
Capacity debt futures		4867,29%	277,8%	1288,47%	28,1%	1006,15%	688,56%	606,9%
Coverage of current assets by net working capital overall		54,76%	13,9%	48,09%	31,6%	36,55%	37,45%	46,2%
General Liquidity		1,30	18,2%	1,10	3,8%	1,06	0,59	120,3%
Restricted Liquidity		1,65	31,0%	1,26	9,6%	1,15	1,04	58,7%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital		74 days	-25,3%	99 days	80,0%	55 days	13 days	469,2%
Treasury		29 days	31,8%	22 days	83,3%	12 days	6 days	383,3%
Inventory turnover of goods		78 days	-52,7%	165 days	98,8%	83 days	45 days	73,3%
Average length of credit granted to customers		104 days	-16,8%	125 days	20,2%	104 days	46 days	126,1%
Average length of credit obtained suppliers		75 days	-31,8%	110 days	0%	110 days	52 days	44,2%
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	1679,50 days	-
Rotation tangible assets		1654%	16,2%	1423,79%	-58,5%	3427,25%	2122,59%	-22,1%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading		19,46%	-31,9%	28,59%	62,1%	17,64	23,40%	-16,8%
Profitability of the business		0,59	-54,3%	1,29	-43,7%	2,29	3,73%	-84,2%
Net profit		2,88%	357,1%	0,63%	5,0%	0,60%	2,14%	34,6%
More ratios
Growth rate of turnover (excluding VAT)		21,50%	158,8%	-36,54%	-103,6%	-17,95%	3,80%	465,8%
Rates integration		11,66%	-29,3%	16,50%	-8,2%	17,97%	17,70%	-34,1%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		91,96%	7,1%	85,87%	6,0%	80,99%	52,47%	75,3%
Weight interests		0,61	29,8%	0,47%	-34,7%	0,72%	0,14%	335,7%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability		-0,40%	-129,4%	1,36%	49,5%	0,91%	3,28%	-112,2%
Rates of economic profitability		2%	-33,3%	3%	-66,7%	9%	18,11%	-89,0%
Financial profitability		316471%	11,4%	284108%	2,1%	278310%	6393%	4850,3%
Return on investment		9,81%	305,4%	2,42%	-55,1%	5,39%	13,94%	-29,6%

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	1 123 247	21,5%	924 478	-36,5%	1 456 720	205 228 €	447,3%

Sales of goods	824 003	17,2%	702 812	-33,9%	1 062 633
- Purchase of goods	535 888	18,1%	453 926	-46,8%	854 036
+/- Stock of goods variation	69 528	552,0%	-15 383	68,2%	-48 364
Trading margin	218 587 €	-17,3%	264 269 €	2,8%	256 961 €	38 313,50 €	470,5%
	19,46 % CA	-31,9%	28,59 % CA	62,1%	17,64 % CA	25,77 % CA	-24,5%

Sale of goods produced	299 244	35,0%	221 666	-43,8%	394 087
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	299 244 €	35,0%	221 666 €	-43,8%	394 087 €	8 611 €	3375,1%
	26,64 % CA	11,1%	23,98 % CA	-11,3%	27,05 % CA	5,96 % CA	347,0%

Trading margin	218 587	-17,3%	264 269	2,8%	256 961	38 313,50	470,5%
+ Period Production	299 244	35,0%	221 666	-43,8%	394 087	8 611	3375,1%
- Purchase of raw materials	5 818	68,1%	3 462	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	381 084	15,5%	329 930	-15,2%	389 228
Added value	130 929 €	-14,2%	152 543 €	-41,7%	261 820 €	42 622 €	207,2%
	11,66 % CA	-29,3%	16,50 % CA	-8,2%	17,97 % CA	17,70 % CA	-34,1%

Added value	130 929 €	-14,2%	152 543 €	-41,7%	261 820 €	42 622 €	207,2%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	3 844	-60,0%	9 616	-41,5%	16 438
- Personal charges	120 408	-8,1%	130 994	-38,2%	212 054
Gross operating surplus	6 677 €	-44,0%	11 933 €	-64,2%	33 328 €	7 958,50 €	-16,1%
	0,59 % CA	-54,3%	1,29 % CA	-43,7%	2,29 % CA	3,73 % CA	-84,2%

Gross operating surplus	6 677 €	-44,0%	11 933 €	-64,2%	33 328 €	7 958,50 €	-16,1%
+ Release of reserves and provisions	20 424	181,5%	7 255	56,5%	4 635
+ Other operating income	0	0%	0	0%	0
- Depreciation/Amortisation	22 695	168,4%	8 456	49,4%	5 660
- Other charges	7 941	-32,8%	11 811	-48,2%	22 797
Operating result	-3 535 €	-227,6%	-1 079 €	-111,4%	9 506 €	5 821 €	-160,7%
	-0,31 % CA	-158,3%	-0,12 % CA	-118,5%	0,65 % CA	2,70 % CA	-111,5%

Operating result	-3 535 €	-227,6%	-1 079 €	-111,4%	9 506 €	5 821 €	-160,7%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	7 774	-38,3%	12 609	7,9%	11 688
- Financial charges	6 879	58,1%	4 352	-58,3%	10 428
Pre-tax result	-2 640 €	-136,8%	7 178 €	-33,3%	10 766 €	5 167,50 €	-151,1%
	-0,24 % CA	-130,8%	0,78 % CA	5,4%	0,74 % CA	2,39 % CA	-110,0%

Extraordinary income	93 211	1105,7%	7 731	386450,0%	02	0	0%
- Extraordinary charges	51 638	558,9%	7 837	0%	0
Extraordinary result	41 573 €	39319,8%	-106 €	-5400%	02 €	0 €	0%
	3,70 % CA	37100%	-0,01 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	-2 640 €	-136,8%	7 178 €	-33,3%	10 766 €	5 167,50 €	-151,1%
Extraordinary result	41 573 €	39319,8%	-106 €	-5400%	02 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	6 569	415,2%	1 275	-35,1%	1 964
Net result	32 364 €	458,3%	5 797 €	-34,2%	8 804 €	5 199,50 €	522,4%
	2,88 % CA	357,1%	0,63 % CA	5,0%	0,60 % CA	2,13 % CA	35,2%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Trends

Profitability

Liquidity

Net worth

Preferential rights details and history

Status of collection

This company is not under monitoring

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
03/08/2011	Bodacc B	Modification et mutation diverse
87 - HAUTE-VIENNE GREFFE DU TRIBUNAL DE COMMERCE DE LIMOGES 2945 - 410 526 131 RCS Limoges. O F A. Forme : Société à responsabilité limitée. Administration : Gérant(e) : LEVEAU ANNE, HELENE né(e) GRENIER. Capital : 111972 EUR. Activité : . Commentaires : Modification survenue sur le capital, l'administration.
22/07/2011	JAL	Modification of the share capital
Union Agricole (L') Date de décision : 21/06/2011 La société : 410526131 - ONE FOR ALL, OFA, 20 AV PRESIDENT VINCENT AURIOL, 87350 PANAZOL a subi une augmentation de son capital social désormais de 111 972 € Date d'effet : 21/06/2011
02/09/2010	Bodacc C	Comptes annuels et rapports
87 - HAUTE-VIENNE GREFFE DU TRIBUNAL DE COMMERCE DE LIMOGES 12866 - 410526131 RCS. O F A. Forme : Société à responsabilité limitée. Adresse : 20 avenue du Pt Vincent Auriol Résidence Bermudes 87350 Panazol. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
24/07/2009	Bodacc C	Comptes annuels et rapports
87 - HAUTE-VIENNE GREFFE DU TRIBUNAL DE COMMERCE DE LIMOGES 10712 - 410526131 RCS. O F A. Forme : Société à responsabilité limitée. Adresse : 20 avenue du Pt Vincent Auriol Résidence Bermudes, 87350 Panazol. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
10/08/2008	Bodacc C	Comptes annuels et rapports
87 - HAUTE-VIENNE GREFFE DU TRIBUNAL DE COMMERCE DE LIMOGES 12293 - 410526131 RCS. O F A. Forme : Société à responsabilité limitée. Adresse : 20 avenue du Pt Vincent Auriol Résidence Bermudes, 87350 Panazol. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
15/02/2008	Bodacc B	Modification et mutation diverse
87 - HAUTE-VIENNE GREFFE DU TRIBUNAL DE COMMERCE DE LIMOGES 3873 - 410 526 131 RCS Limoges. O F A. Forme : Société à responsabilité limitée. Adresse du siège social : 20 avenue du Pt Vincent Auriol, Résidence Bermudes, 87350 Panazol. Commentaires : Transfert du siège social.
30/06/2007	Bodacc C	Avis de dépôt des comptes
4910 - 410 526 131. RCS Limoges O F A. Sigle: O F A Forme: Société à responsabilité limitée. Adresse du siège social: 12T rue Roger Salengro 87350 Panazol. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
27/07/2006	Bodacc C	Avis de dépôt des comptes
5028 - RCS Limoges B 410 526 131. RC 97-B 17. O F A. Forme: S.A.R.L.. Adresse du siège social: 12T rue Roger Salengro,87350 Panazol. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
01/07/2005	Bodacc C	Avis de dépôt des comptes
5387 - RCS Limoges B 410 526 131. RC 97-B 17. O F A. Forme: S.A.R.L.. Adresse du siège social: 12T rue Roger Salengro,87350 Panazol. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
10/06/2003	Bodacc B	Modifications et mutations diverses
RCS Limoges B 410526131 RC 97-B 17 OFA. Sigle : OFA. Forme : S.A.R.L. Capital : 35 250 euros Nom commercial: One for All. Adresse du siège social : 12 ter rue Roger-Salengro, 87350 Panazol. Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 28 mars 2003.
30/11/2001	Bodacc B	Modifications et mutations diverses
RCS Limoges B 410526131 RC 97-B 17 OFA. Sigle : OFA. Forme : S.A.R.L. Capital : 18 000 euros Nom commercial: One For All. Adresse du siège social : 12 ter rue Roger-Salengro, 87350 Panazol. Commentaires : modification survenue sur le capital (augmentation et conversion en euros), l'adresse du siège social, l' activité et l'adresse de l' établissement principal Etablissement principal: Activité : création, transformation, distribution et commercialisation de produits de grande consommation notamment de textiles et de produits alimentaires. Exploitation, gestion d'images ou d' événements. Opérations d'import-export. Adresse : 12 ter rue Roger-Salengro, 87350 Panazol. Date d'effet : 25 septembre 2001.
14/09/1998	Bodacc B	Modifications et mutations diverses
RCS Limoges B 410526131 RC 97-B 17 O.F. A. Sigle : O.F.A. Nom commercial: One For All. Forme : S.A.R.L. Capital : 90 000 F (fixe). Adresse du siège social : 1, rue Bernart-de-Ventadour, 87350 Panazol. Administration : ancien gérant : LEVEAU ( Philippe), démissionnaire. Date d'effet : 11 juin 1998.

Company events history

Date	Description
03/08/2011	Bodacc B: Various editing or changing
23/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/07/2011	Capital increase
18/07/2011	Bodacc C : Deposit accounts notice
18/07/2011	Minutes of general meeting of shareholders
18/07/2011	Updated articles of association
21/06/2011	Legal Gazette: Modification of the share capital
31/12/2010	New accounts available
02/09/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
24/07/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
10/08/2008	Bodacc C : Deposit accounts notice
15/02/2008	New Bodacc B ads detected
15/02/2008	Bodacc B: Various editing or changing
21/01/2008	Updated articles of association
21/01/2008	Statuts mis à jour
21/01/2008	Minutes of general meeting of shareholders
21/01/2008	Private document
21/01/2008	Registered office transferred inside jurisdiction of the Commercial Court
21/01/2008	Transfert du Siège dans le ressort du Tribunal de Commerce
21/01/2008	PV d'Assemblée
01/01/2008	Transfer of Establishment
01/01/2008	Update of Company Head Office Identifier
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
22/05/2003	Augmentation de Capital
22/05/2003	Acte sous seing privé
22/05/2003	PV d'Assemblée
22/05/2003	Statuts mis à jour
13/11/2001	Acte sous seing privé
13/11/2001	Statuts mis à jour
13/11/2001	Conversion du Capital Social en Euros
13/11/2001	Augmentation de Capital
13/11/2001	Transfert du Siège dans le ressort du Tribunal de Commerce
13/11/2001	Modification de l'objet social
13/11/2001	PV d'Assemblée
20/08/1998	Changement de Gérant
20/08/1998	Continuation malgré perte supérieure à la moitié du capital
20/08/1998	Nomination/démission des organes de gestion
20/08/1998	PV d'Assemblée
20/08/1998	Acte sous seing privé
17/01/1997	Statuts
17/01/1997	Statuts mis à jour
17/01/1997	Formation de Société
17/01/1997	Acte sous seing privé

Establishment events history

Date	Description
23/07/2011	Update Rating
27/09/2010	Update Rating
05/08/2010	Update Limit
05/08/2010	Update Rating
11/07/2010	Update Rating
01/05/2010	Update Rating
30/12/2009	Update Rating
24/07/2009	Update Limit
24/07/2009	Update Rating
11/08/2008	Update Rating
11/08/2008	Update Limit
10/03/2008	Update Rating
22/02/2008	Update of phone numbers
06/02/2008	Update Rating
01/01/2008	Formation of Head office (after transfer)

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.99
UK Pound	1	Rs.83.54
Euro	1	Rs.63.40

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.