MIRA INFORM REPORT

Report Date :

25.04.2012

IDENTIFICATION DETAILS

Correct Name :	COMPAGNIE COMMERCIALE ET INDUSTRIELLE
Registered Office :	Za Le Terminal, 1 Rue Maximilien Robespierre, 93130 Noisy Le Sec
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	August 1989
Com. Reg. No.:	RCS Bobigny 9 350 860 102
Legal Form :	Public limited company with board of directors
Line of Business :	Wholesale business supplies and miscellaneous equipment for trade and services
No. of Employees :	47

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	1,100,000 €
Status :	Good
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – 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

Name

COMPAGNIE COMMERCIALE ET INDUSTRIELLE

SIRET

350 860 102 00044

company summary

Acronym	CCI
Activity (APE)	Commerce de gros (commerce interentreprises) de fournitures et équipements divers pour le commerce et les services (4669C) (Wholesale business supplies and miscellaneous equipment for trade and services (4669C))	Legal form	Public limited company with board of directors
Phone	01 48 10 64 60	RCS Registration	RCS Bobigny 9 350 860 102
Fax	01 48 44 50 67	Share capital	4,000,000 Euros
Address	COMPAGNIE COMMERCIALE ET INDUSTRIELLE C.O.C.I ZA LE TERMINAL 1 RUE MAXIMILIEN ROBESPIERRE 93130 NOISY LE SEC	Incorporated Date	08/1989
Nationality	France	Status	Economically active

CREDIT RECOMENDATION

Current Credit Limit: 1,100,000 €

DIRECTORS/MANAGEMENT

Current Directors

4

Trading to Date	12/31/2010	12/31/2009	12/31/2007
Turnover	45,942,272 €	39,871,596 €	52,842,045 €

directors

Name	M. PICQUENOT DENIS PIERRE LOUIS
Manager position	Président du conseil d'administration, Directeur général	Date of birth	06/04/1953
Place of birth	75 PARIS 10 EME
Type of manager	Individual	Name at birth of manager

Name	M. PICQUENOT NORBERT LAURENT CLEMENT
Manager position	Directeur général délégué	Date of birth	06/03/1957
Place of birth	93 SAINT DENIS
Type of manager	Individual	Name at birth of manager

Name	Mme. PICQUENOT YOLAINE GEORGETTE JEANINE
Manager position	Administrateur	Date of birth	10/02/1958
Place of birth	60 PONT SAINT MAXENCE
Type of manager	Individual	Name at birth of manager

Name	M. PICQUENOT OLIVIER
Manager position	Administrateur	Date of birth	16/11/1983
Place of birth	PARIS
Type of manager	Individual	Name at birth of manager

Previous Directors

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

Manager position

Title and name

Date of Birth/Place of Birth

Président du conseil d'administration

M DENIS PICQUENOT

Directeur général

M DENIS PICQUENOT

Directeur général

M NORBERT PICQUENOT

Administrateur

MME YOLAINE PICQUENOT

NEGATIVE INFORMATION

No negative information found

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Na

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	31/12/2007
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	14/09/2011	09/09/2010	-
Activity Code	4669C	4669C	4669C
Employees	47	47	47

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2007	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	5 077 903	10,0%	4 616 756	116,7%	2 130 716	27 622	18283,5%
- Intangible assets	23 592	6527,0%	356	119,8%	162	2,50	943580,0%
- Tangible assets	50 937	-6,4%	54 397	-44,1%	97 364	10 433,50	388,2%
- Financial assets	5 003 375	9,7%	4 562 003	124,4%	2 033 191	1 470	340265,6%
Net current assets	15 893 828	-3,5%	16 475 982	-26,1%	22 290 391	249 546	6269,1%
- Stocks	8 081 804	56,5%	5 164 776	-37,2%	8 219 302	38 466,50	20910,0%
- Advanced payments	1 089 344	-3,5%	591 318	-80,2%	2 984 571	0	0%
- Receivables	6 018 646	-38,4%	9 771 226	-5,7%	10 360 414	111 164	5314,2%
- Securities and cash	704 034	-25,8%	948 662	30,7%	726 105	37 329,50	1786,0%
- Prepaid expenses	-	-	-	-	-	306	-
Accounts of regularization	158 548	46,9%	107 902	5001,7%	2 115	0	0%
Total Assets	21 130 279	-0,3%	21 200 639	-13,2%	24 423 222	322 407	6453,9%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2007	Sector Median 2010
Shareholders' equity	10 786 396	7,1%	10 067 104	8,5%	9 281 903	98 815,50	10815,7%
Share capital	1 524 490	0%	1 524 490	0%	1 524 490	15 245	9899,9%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1 249 372	12,8%	1 107 379	-35,2%	1 709 394	0	0%
Liabilities	9 055 176	-9,5%	10 008 209	-25,4%	13 416 365	191 845,50	4620,0%
- Financial liabilities	2 728 086	4,9%	2 600 975	-17,7%	3 159 758	22 008	12295,9%
- Advanced payments received	1 342 905	41,0%	952 103	-52,8%	2 018 577	0	0%
- Trade account payables	4 175 856	-26,4%	5 676 537	-24,2%	7 493 730	68 304	6013,6%
- Tax and social liabilities	806 849	4,1%	774 828	4,3%	743 074	54 719	1374,5%
- Other debts and fixed assets liabilities	40 815	88,0%	21 712	29,3%	16 787	4 521	802,8%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	21 130 279	-0,3%	21 200 639	-13,2%	24 423 222	322 406	6453,9%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2007	Sector Median 2010
Sales of Goods	46 082 839	12,7%	40 906 338	-24,6%	54 227 240	584 671,50	7781,8%
Net turnover	45 942 272	15,2%	39 871 596	-24,5%	52 842 045	576 892,50	7863,7%
- of which net export turnover	38 882 849	25,4%	31 004 011	-15,4%	36 653 516	0	0%
Operating charges	45 143 736	10,8%	40 760 587	-23,7%	53 455 052	559 632,50	7966,7%
Operating profit/loss	939 103	544,3%	145 751	-81,1%	772 188	15 391	6001,6%
Financial income	660 825	-50,4%	1 331 354	27,3%	1 046 135	43	1536702,3%
Financial charges	252 437	-71,4%	882 772	92,1%	459 597	1 058,50	23748,6%
Financial profit/loss	408 388	-9,0%	448 582	-23,5%	586 538	-406,50	100564,5%
Pretax net operating income	1 347 491	126,7%	594 334	-56,3%	1 358 726	14 320	9309,9%
Extraordinary income	1 002	-33,2%	1 500	-97,5%	59 108	228	339,5%
Extraordinary charges	291 669	149,7%	116 821	12865,7%	901	361,50	80583,0%
Extraordinary profit/loss	-290 667	723,7%	-115 321	-298,1%	58 207	0	0%
Net result	719 291	125,7%	318 712	-68,9%	1 023 690	13 347,50	5289,0%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2010	31/12/2009	31/12/2007
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2010		31/12/2009		31/12/2007
	Grand Total (I to VI)	Net	21 130 279	-0,3%	21 200 639	-13,2%	24 423 222
	Gross	CO	22 642 682	1,2%	22 379 197	-14,9%	26 307 358
	Amortisation	1A	1 512 403	28,3%	1 178 558	-37,4%	1 884 136

Non declared distributed capital (I)

		31/12/2010		31/12/2009		31/12/2007
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		31/12/2007
	Total Active fixed asset (II)	Net	5 077 903	10,0%	4 616 756	116,7%	2 130 716
	Gross	BJ	5 863 833	9,1%	5 374 230	68,1%	3 197 789
	Amortisation	BK	785 930	3,8%	757 474	-29,0%	1 067 073

Intangible fixed assets

			31/12/2010		31/12/2009		31/12/2007
	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%	205 000
	Amortisation	AE	0	0%	0	0%	205 000
	Distributorships, patents	Net	23 592	6527,0%	356	119,8%	162
	Gross	AF	49 985	90,3%	26 264	-15,9%	31 227
	Amortisation	AG	26 394	1,9%	25 908	-16,6%	31 065
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	23 592	6527,0%	356	119,8%	162

Tangible fixed assets

			31/12/2010		31/12/2009		31/12/2007
	Lands	Net	0	0%	0	0%	0
	Gross	AN	70 477	0%	70 477	0%	70 477
	Amortisation	AO	70 477	0%	70 477	0%	70 477
	Buildings	Net	7 318	-20,0%	9 147	-28,6%	12 806
	Gross	AP	45 735	0%	45 735	0%	45 735
	Amortisation	AQ	38 417	5,0%	36 588	11,1%	32 929
	Plant	Net	10 939	-51,8%	22 711	-19,5%	28 198
	Gross	AR	270 931	0%	270 931	6,3%	254 866
	Amortisation	AS	259 992	4,7%	248 220	9,5%	226 668
	Other tangible fixed assets	Net	32 680	45,0%	22 539	-60,0%	56 360
	Gross	AT	423 330	6,1%	398 820	-28,4%	557 293
	Amortisation	AU	390 650	3,8%	376 281	-24,9%	500 933
	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	50 937		54 397		97 364

Financial assets

			31/12/2010		31/12/2009		31/12/2007
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	2 481 501	14,1%	2 173 983	19,4%	1 820 701
	Gross	CU	2 481 501	14,1%	2 173 983	19,4%	1 820 701
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	2 101 483	0,3%	2 095 174	0%	0
	Gross	BB	2 101 483	0,3%	2 095 174	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	193 449	3498,4%	5 376
	Gross	BF	0	0%	193 449	0%	5 376
	Amortisation	BG	0		0		0
	Other financial assets	Net	420 391	322,9%	99 397	-52,0%	207 114
	Gross	BH	420 391	322,9%	99 397	-52,0%	207 114
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		5 003 375		4 562 003		2 033 191

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2007
	Total Assets	Net	15 893 828	-3,5%	16 475 982	-26,1%	22 290 391
	Gross	CJ	16 620 300	-1,6%	16 897 066	-26,9%	23 107 454
	Amortisation	CK	726 472	72,5%	421 084	-48,5%	817 063

Stocks

			31/12/2010		31/12/2009		31/12/2007
	Raw materials	Net	172 889	82,9%	94 508	0%	0
	Gross	BL	172 889	82,9%	94 508	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	7 908 915	56,0%	5 070 268	-38,3%	8 219 302
	Gross	BT	8 624 915	57,3%	5 482 994	-37,5%	8 770 302
	Amortisation	BU	716 000	73,5%	412 726	-25,1%	551 000
	Sub Total Stocks	Net	8 081 804	56,5%	5 164 776	-37,2%	8 219 302

Advance payments to suppliers

			31/12/2010		31/12/2009		31/12/2007
	Advance payments to suppliers	Net	1 089 344	84,2%	591 318	-80,2%	2 984 571
	Gross	BV	1 089 344	84,2%	591 318	-80,2%	2 984 571
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2010		31/12/2009		31/12/2007
	Trade accounts receivable	Net	5 211 479	-43,0%	9 148 442	20,1%	7 619 805
	Gross	BX	5 221 951	-43,0%	9 156 800	16,1%	7 885 868
	Amortisation	BY	10 472	25,3%	8 358	-96,9%	266 063
	Other debtors	Net	780 839	31,1%	595 648	-78,0%	2 710 036
	Gross	BZ	780 839	31,1%	595 648	-78,0%	2 710 036
	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	5 992 318	-38,5%	9 744 090	-5,7%	10 329 841

Divers

31/12/2010

31/12/2009

31/12/2007

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

704 034

-25,8%

948 662

30,7%

726 105

Gross

CF

704 034

-25,8%

948 662

30,7%

726 105

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

704 034

-25,8%

948 662

30,7%

726 105

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2007
	Prepaid expenses	Net	26 328	-3,0%	27 136	-11,2%	30 573
	Gross	CH	26 328	-3,0%	27 136	-11,2%	30 573
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2010		31/12/2009		31/12/2007
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	158 548	46,9%	107 902	5001,7%	2 115
Gross		158 548	46,9%	107 902	-	-

References

		31/12/2010		31/12/2009		31/12/2007
Due within one year	CP	0	0%	0	0%	5 376
Due after one year	CR	15 875	18,9%	13 347	-95,3%	286 365

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		31/12/2007
Grand Total (I to V)	EE	21 130 279	-0,3%	21 200 639	-13,2%	24 423 222

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2007
	Total shareholders' equity (Total I)	DL	10 786 396	7,1%	10 067 104	8,5%	9 281 903
	Equity and shareholders' equity	DA	1 524 490	0%	1 524 490	0%	1 524 490
	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	152 449	0%	152 449	0%	152 449
	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	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	8 390 166	3,9%	8 071 453	22,6%	6 581 274
	Profit or loss for the period	DI	719 291	125,7%	318 712	-68,9%	1 023 690
	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		31/12/2007
	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		31/12/2007
	Total provisions for risks and charges (Total III)	DR	1 249 372	12,8%	1 107 379	-35,2%	1 709 394
	Risk provisions	DP	1 249 372	12,8%	1 107 379	-35,2%	1 709 394
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2007
	Total Liabilities (Total IV)	EC	9 055 176	-9,5%	10 008 209	-25,4%	13 416 365
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	2 375 267	5,7%	2 247 606	-28,8%	3 157 426
	Sundry loans and financial liabilities	DV	352 819	-0,2%	353 369	15053,0%	2 332
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	1 342 905	41,0%	952 103	-52,8%	2 018 577
	Trade accounts payables	DX	4 175 856	-26,4%	5 676 537	-24,2%	7 493 730
	Tax and social security liabilities	DY	806 849	4,1%	774 828	4,3%	743 074
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	1 480	-60,7%	3 765	207,1%	1 226

Translation loss (V)

		31/12/2010		31/12/2009		31/12/2007
Translation loss (Total V)	ED	39 335	119,2%	17 947	15,3%	15 561

Equalization accounts

		31/12/2010		31/12/2009		31/12/2007
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2007
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	8 935 168	-5,8%	9 485 549	-29,3%	13 416 365
Of which current bank facilities	EH	2 255 259	17,4%	1 920 675	-32,7%	2 855 257

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		31/12/2007
Operating result (Total I-II)	GG	939 103	544,3%	145 751	-81,1%	772 188

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2007
Financial result (Total V-VI)	GV	408 388	-9,0%	448 582	-23,5%	586 538

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

		31/12/2010		31/12/2009		31/12/2007
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	1 347 491	126,7%	594 334	-56,3%	1 358 726

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2007
Extraordinary result (Total VII-VIII)	HI	-290 667	-152,1%	-115 321	-298,1%	58 207

Profit or loss

		31/12/2010		31/12/2009		31/12/2007
Profit or loss	HN	719 291	125,7%	318 712	-68,9%	1 023 690

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2007
Total Income (I+III+V+VII)	HL	46 744 666	10,7%	42 239 193	-23,7%	55 332 483

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

		31/12/2010		31/12/2009		31/12/2007
Total charges (Total II+IV+VI+VIII+IX+X)	HM	46 025 373	9,8%	41 920 480	-22,8%	54 308 793

Operating income (I)

		31/12/2010		31/12/2009		31/12/2007
Total operating income (Total I)	FR	46 082 839	12,7%	40 906 338	-24,6%	54 227 240

Operating income (details)

			31/12/2010		31/12/2009		31/12/2007
	Sale of goods for resale	FC	44 544 221	16,6%	38 186 535	-25,9%	51 536 922
	France	FA	6 218 133	-19,2%	7 692 853	-50,3%	15 465 662
	Export	FB	38 326 088	-70,6%	130 493 682	261,8%	36 071 260
	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	1 398 051	-17,0%	1 685 061	29,1%	1 305 122
	France	FG	841 290	-28,4%	1 174 732	62,5%	722 866
	Export	FH	556 761	9,1%	510 329	-12,4%	582 256
	Net turnover	FL	45 942 272	15,2%	39 871 596	-24,5%	52 842 045
	France	FJ	7 059 423	-20,4%	8 867 585	-45,2%	16 188 528
	Export	FK	38 882 849	25,4%	31 004 011	-15,4%	36 653 516
	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	73 898	-92,8%	1 020 023	-25,2%	1 362 912
	Other income	FQ	66 669	352,9%	14 720	-33,9%	22 283

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2007
Total operating charges (Total II)	GF	45 143 736	10,8%	40 760 587	-23,7%	53 455 052

Exploitation charges

		31/12/2010		31/12/2009		31/12/2007
Purchase of goods for resale	FS	36 427 033	34,6%	27 065 858	-25,1%	36 126 841
Change in stocks of goods for resale	FT	-3 141 876	-211,2%	2 824 693	-18,7%	3 476 243
Purchase of raw materials	FU	821 530	-1,5%	834 333	-57,2%	1 947 530
Change in stocks of raw materials	FV	-81 284	12,6%	-92 951	0%	0
Other external purchases and charges	FW	7 006 367	21,1%	5 786 745	-18,6%	7 109 084
Tax, duty and similar payments	FX	314 931	-2,7%	323 793	-5,6%	343 053
Payroll	FY	2 194 175	4,4%	2 101 119	-1,0%	2 122 696
Social security costs	FZ	899 044	-20,2%	1 126 948	20,5%	934 927

Depreciation

		31/12/2010		31/12/2009		31/12/2007
Depreciation of fixed assets	GA	28 457	-33,9%	43 069	-26,9%	58 900
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	307 520	-26,8%	420 254	-23,7%	551 000
Provisions for risks and charges	GD	163 113	-31,7%	238 754	-66,8%	718 105

Other charges

		31/12/2010		31/12/2009		31/12/2007
Other charges	GE	204 726	132,7%	87 971	31,9%	66 673

Operating charges (III-IV)

		31/12/2010		31/12/2009		31/12/2007
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		31/12/2007
	Total financial income (Total V)	GP	660 825	-50,4%	1 331 354	27,3%	1 046 135
	Share financial income	GJ	521 728	11,7%	467 168	-25,6%	627 832
	Other investment income & capitalised receivables	GK	0	0%	608 055	1555,3%	36 734
	Other interest and similar income	GL	249	-94,1%	4 253	-91,4%	49 734
	Released provisions and transferred charges	GM	0	0%	208 405	0%	0
	Exchange gains	GN	138 848	219,4%	43 474	-86,9%	331 835
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2010		31/12/2009		31/12/2007
	Total financial charge (Total VI)	GU	252 437	-71,4%	882 772	92,1%	459 597
	Financial reserves and provisions	GQ	50 645	-53,1%	107 902	5001,7%	2 115
	Interest and similar charges	GR	65 376	-24,7%	86 801	-42,2%	150 205
	Exchange losses	GS	136 016	-63,1%	368 968	20,1%	307 277
	Net loss from disposal of investment securities	GT	400	-99,9%	319 101	0%	0

  Financial Charge (VII)

			31/12/2010		31/12/2009		31/12/2007
	Total extraordinary income (Total VII)	HD	1 002	-33,2%	1 500	-97,5%	59 108
	Extraordinary operating income	HA	452	-69,9%	1 500	0%	0
	Extraordinary income from capital transactions	HB	550	0%	0	0%	59 108
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2010		31/12/2009		31/12/2007
	Total extraordinary charges (Total VIII)	HH	291 669	149,7%	116 821	12865,7%	901
	Extraordinary operating charges	HE	2 649	-92,4%	35 053	3790,5%	901
	Extraordinary charges from capital transactions	HF	289 020	253,5%	81 768	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2010		31/12/2009		31/12/2007
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2007
Tax on profits (Total X)	HK	337 531	110,6%	160 300	-59,2%	393 243

References

				31/12/2010			31/12/2009		31/12/2007
	Of which equipment leases		HP	0	0%		6 757	62,7%	4 152
	Of which property leases		HQ	0	0%		0	0%	0
	Of which transferred charges		A1	0	0%		0	0%	0
	Of which trader's own contributions		A2	0	0%		0	0%	0
	Of which royalties on licences and patents (income)		A3	0	0%		0	0%	0
	Of which royalties on licences and patents (charges)		A4	0	0%		0	0%	0
Display parameter
Currency		Euro				Kilo Euro

Other incomer tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period
Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2010		31/12/2009		31/12/2007
	Gross value at begin of period	OG	0	0%	0	0%	3 480 827
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	161 401
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	1 172 324	37,5%	852 322	91,8%	444 440
	Gross value at the end of period	OL	5 863 833	9,1%	5 374 230	68,1%	3 197 789

Research and development Charge (Total I)

			31/12/2010		31/12/2009		31/12/2007
	Gross value at begin of period	CZ	0	0%	0	0%	205 000
	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%	205 000

Other budget item from Intangible fixed assets (Total II)

			31/12/2010		31/12/2009		31/12/2007
	Gross value at begin of period	KD	26 264	79,9%	14 600	-52,0%	30 427
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	23 722	103,4%	11 664	1358,0%	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	49 986	90,3%	26 264	-15,9%	31 227

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2007
	Gross value at begin of period	LN	785 963	-12,5%	898 024	-12,0%	1 020 489
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	24 510	344,0%	5 520	-85,7%	38 519
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	117 582	-10,0%	130 636
	Gross value at the end of period	NH	810 473	3,1%	785 962	-15,3%	928 372

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2007
	Gross value at begin of period	LQ	4 562 003	80,3%	2 530 731	13,7%	2 224 912
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	1 614 235	-41,6%	2 766 012	2165,7%	122 082
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	1 172 323	59,6%	734 741	134,1%	313 804
	Gross value at the end of period	NK	5 003 915	9,7%	4 562 002	124,4%	2 033 191

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

			31/12/2010		31/12/2009		31/12/2007
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	1 138 809
Increases		0P	0	0%	0	0%	58 900
Decreasess		0Q	0	0%	0	0%	130 636
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	1 067 073

Research and development charge (Total I)

			31/12/2010		31/12/2009		31/12/2007
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	205 000
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	205 000

Other intangible assets (Total II)

			31/12/2010		31/12/2009		31/12/2007
	Reserve for depreciation value at begin of period	PE	25 908	77,5%	14 600	-52,0%	30 427
Increases		PF	486	-95,7%	11 308	1672,4%	638
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	26 394	1,9%	25 908	-16,6%	31 065

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2007
	Reserve for depreciation value at begin of period	QU	731 565	-10,5%	817 386	-9,5%	903 382
Increases		QV	27 971	-11,9%	31 761	-45,5%	58 262
Decreases		QW	0	0%	117 582	-10,0%	130 636
	Decreasess by budget item transfer	QX	759 536	3,8%	731 565	-12,0%	831 009

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

			31/12/2010		31/12/2009		31/12/2007
	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		31/12/2007
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2010		31/12/2009		31/12/2007
	Value at begining of period	7C	1 528 464	-23,2%	1 989 981	-24,0%	2 618 149
Increases		UB	521 278	-41,1%	884 910	-30,4%	1 271 220
Decreases		UC	73 898	-94,5%	1 346 428	-1,2%	1 362 912
	Value at the end of period	UD	1 975 844	29,3%	1 528 463	-39,5%	2 526 457

Includes Total allocations

Operating	UE	470 633	-39,4%	777 008	-38,8%	1 269 105
Financial	UG	50 645	-53,1%	107 902	5001,7%	2 115
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	73 898	-93,5%	1 138 023	-16,5%	1 362 912
Financial	UH	0	0%	208 405	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2010		31/12/2009		31/12/2007
	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		31/12/2007
	Value at begining of period	5Z	1 107 379	-13,2%	1 275 907	-6,5%	1 364 587
Increases		TV	213 758	-54,0%	464 656	-35,5%	720 220
Decreases		TW	71 766	-88,7%	633 184	68,7%	375 414
	Value at the end of period	TX	1 249 371	12,8%	1 107 379	-35,2%	1 709 394

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2007
	Value at begining of period	7B	421 084	-41,0%	714 075	-43,0%	1 253 561
Increases		TY	307 520	-26,8%	420 254	-23,7%	551 000
Decreases		TZ	2 132	-99,7%	713 244	-27,8%	987 498
	Value at the end of period	UA	726 472	72,5%	421 085	-48,5%	817 063

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

		31/12/2010		31/12/2009		31/12/2007
Gross value	VT	9 640 337	-24,4%	12 758 921	17,7%	10 838 967
1 year at most	VU	7 102 588	-31,4%	10 357 555	0,1%	10 345 488
More than one year	VV	2 537 749	5,7%	2 401 366	386,6%	493 479

State of loans

		31/12/2010		31/12/2009		31/12/2007
Claims related to holdings (gross)	UL	2 101 483	0,3%	2 095 174	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	193 449	3498,4%	5 376
Loans (1 year at most)	UR	0	0%	0	0%	5 376
Other financial assets (gross)	UT	420 391	322,9%	99 397	-52,0%	207 114
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2007
Customers doubtful or disputed	VA	15 875	18,9%	13 347	-95,3%	286 365
Other claims customer	UX	5 206 076	-43,1%	9 143 453	20,3%	7 599 503
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%	2 100
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	283 020	0%	0
Value added tax	VB	778 339	149,0%	312 628	-50,6%	632 570
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	2 500	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	1 089 344	84,2%	591 318	-71,5%	2 075 366

Prepaid

		31/12/2010		31/12/2009		31/12/2007
Prepaid	VS	26 328	-3,0%	27 136	-11,2%	30 573

State Debt

			31/12/2010		31/12/2009		31/12/2007
	Total debt (gross)	VY	9 055 176	-9,5%	10 008 209	-25,4%	13 416 365
1 year at most		VZ2	8 935 168	-7,7%	9 681 162	-27,8%	13 416 365
More than 1 year and 5 years at most		VZ3	120 008	-63,3%	327 047	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2009		31/12/2007
	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	2 375 267	5,7%	2 247 606	-28,8%	3 157 426
1 year at most		VH2	2 255 259	17,4%	1 920 559	-39,2%	3 157 426
More than 1 year and 5 years at most		VH3	120 008	-63,3%	327 047	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	4 175 856	-26,4%	5 676 537	-24,2%	7 493 730
1 year at most		8B2	4 175 856	-26,4%	5 676 537	-24,2%	7 493 730
More than 1 year and 5 years at most		8B3	4 175 856	-26,4%	5 676 537	0%	0
	Personnel and associated accounts (gross)	8C1	222 388	-4,5%	232 965	16,5%	199 890
1 year at most		8C2	222 388	-4,5%	232 965	16,5%	199 890
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	262 636	-16,8%	315 712	12,4%	281 001
1 year at most		8D2	262 636	-16,8%	315 712	12,4%	281 001
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	159 558	0%	0	0%	58 013
1 year at most		8E2	159 558	0%	0	0%	58 013
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	11 897	-88,5%	103 874	0,5%	103 322
1 year at most		VW2	11 897	-88,5%	103 874	0,5%	103 322
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	150 369	23,0%	122 277	21,2%	100 848
1 year at most		VQ2	150 369	23,0%	122 277	21,2%	100 848
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	352 819	-0,2%	353 369	15053,0%	2 332
1 year at most		VI2	352 819	-0,2%	353 369	15053,0%	2 332
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	1 344 385	40,6%	955 868	-52,7%	2 019 803
1 year at most		8K2	1 344 385	40,6%	955 868	-52,7%	2 019 803
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		31/12/2007
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2010		31/12/2009		31/12/2007
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2010		31/12/2009		31/12/2007
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		31/12/2007
Subcontracting	YT	691 494	-8,6%	756 450	-54,8%	1 674 973
Rentals, rental charges and condominiums	XQ	772 603	-13,0%	887 731	-2,6%	911 731
Staff outside the company	YU	59 655	-36,3%	93 647	215,4%	29 693
Remuneration intermediaries and fees (excluding fees)	SS	833 197	21,8%	684 088	20,4%	568 270
Fees, commissions and brokerage	YV	1 392 184	110,7%	660 826	7,4%	615 116
Other accounts	ST	3 257 234	20,5%	2 704 003	-18,3%	3 309 301
Total Other purchases and external	ZJ	7 006 367	2063,8%	5 786 745	-18,6%	7 109 084

Taxes and Fees

		31/12/2010		31/12/2009		31/12/2007
Business tax	YW	137 367	0,5%	136 703	27,1%	107 582
Other taxes and payments assimilated	9Z	177 564	-5,1%	187 090	-20,5%	235 471
Total taxes and fees	YX	314 931	-2,7%	323 793	-5,6%	343 053

VAT

		31/12/2010		31/12/2009		31/12/2007
Amount VAT collected	YY	1 349 955	-34,7%	2 068 174	-35,6%	3 209 507
Total VAT on goods and services	YZ	1 992 926	-33,8%	3 009 814	-9,3%	3 319 889

Average number of employees

		31/12/2010		31/12/2009		31/12/2007
Average number of employees	YP	47	0%	47	0%	47

Groups and Shareholders

		31/12/2010		31/12/2009		31/12/2007
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		31/12/2007	Sector Median 2010
Fixed Asset Financing		2,27	-3,4%	2,35	-39,3%	3,87	2,59	-12,4%
Global Debt		71 days	-21,1%	90 days	-1,1%	91 days	105 days	-32,4%
Working Capital Fund overall net		58 days	-10,8%	65 days	4,8%	62 days	63 days	-7,9%
Financial independence		454,11%	1,4%	447,90%	52,4%	293,97%	467,85%	-2,9%
More ratios
Solvability		51,05%	7,5%	47,48%	24,9%	38%	36,78%	38,8%
Capacity debt futures		478,28%	-8,8%	524,18%	78,3%	293,97%	1155,14%	-58,6%
Coverage of current assets by net working capital overall		44,78%	4,4%	42,90%	8,0%	39,72%	41,63%	7,6%
General Liquidity		0,79	-26,2%	1,07	39,0%	0,77	0,76	3,9%
Restricted Liquidity		0,87	-25,6%	1,17	41,0%	0,83	1,17	-25,6%

Management or rotation

		31/12/2010		31/12/2009		31/12/2007	Sector Median 2010
Need background in operating working capital		69 days	-5,5%	73 days	-5,2%	77 days	25 days	176,0%
Treasury		-12 days	-33,3%	-9 days	40,0%	-15 days	13 days	-192,3%
Inventory turnover of goods		93 days	40,9%	66 days	-17,5%	80 days	54 days	72,2%
Average length of credit granted to customers		40 days	-49,4%	79 days	54,9%	51 days	57 days	-29,8%
Average length of credit obtained suppliers		35 days	-32,7%	52 days	0%	52 days	57 days	-38,6%
More ratios
Inventory turnover of raw materials in industrial enterprises		2 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1301,50 days	-
Rotation tangible assets		5668,58%	11,7%	5072,97%	-10,9%	5691,90%	1463,71%	287,3%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2007	Sector Median 2010
Margin trading		24,51%	17,8%	20,81%	-7,8%	22,58	29,65%	-17,3%
Profitability of the business		3,27	1408,0%	-0,25	-116,9%	1,48	4,04%	-19,1%
Net profit		1,57%	96,2%	0,80%	-58,8%	1,94%	2,41%	-34,9%
More ratios
Growth rate of turnover (excluding VAT)		15,23%	162,0%	-24,55%	-598,0%	4,93%	1,68%	806,5%
Rates integration		10,69%	23,4%	8,66%	9,5%	7,91%	25,35%	-57,8%
Rate leasing furniture		0%	0%	0,02%	100%	0,01%	0%	0%
Work Factor		62,99%	-32,6%	93,49%	27,9%	73,11%	74,64%	-15,6%
Weight interests		0,55	-75,1%	2,21%	154,0%	0,87%	0,19%	189,5%

Return on capital

		31/12/2010		31/12/2009		31/12/2007	Sector Median 2010
Cash flow from the overall profitability		2,20%	210,6%	-1,99%	-210,9%	-0,64%	3,31%	-33,5%
Rates of economic profitability		11%	1200%	-1%	-116,7%	6%	16%	-31,2%
Financial profitability		10786396%	7,1%	10067104%	8,5%	9281903%	75008,50%	14280,2%
Return on investment		7,19%	-24,2%	9,48%	-20,5%	11,92%	11,24%	-36,0%

Display parameter

Currency

Euro

Kilo Euro

Comparison mode

Average

Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2009		31/12/2007	Sector Median 2010
Turnover	45 942 272	15,2%	39 871 596	-24,5%	52 842 045	576 892 €	7863,7%

Sales of goods	44 544 221	16,6%	38 186 535	-25,9%	51 536 922
- Purchase of goods	36 427 033	34,6%	27 065 858	-25,1%	36 126 841
+/- Stock of goods variation	-3 141 876	-211,2%	2 824 693	-18,7%	3 476 243
Trading margin	11 259 064 €	35,7%	8 295 984 €	-30,5%	11 933 838 €	135 619,50 €	8202,0%
	24,51 % CA	17,8%	20,81 % CA	-7,8%	22,58 % CA	30,24 % CA	-18,9%

Sale of goods produced	1 398 051	-17,0%	1 685 061	29,1%	1 305 122
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	1 398 051 €	-17,0%	1 685 061 €	29,1%	1 305 122 €	48 127 €	2804,9%
	3,04 % CA	-28,1%	4,23 % CA	71,3%	2,47 % CA	9,49 % CA	-68,0%

Trading margin	11 259 064	35,7%	8 295 984	-30,5%	11 933 838	135 619,50	8202,0%
+ Period Production	1 398 051	-17,0%	1 685 061	29,1%	1 305 122	48 127	2804,9%
- Purchase of raw materials	821 530	-1,5%	834 333	-57,2%	1 947 530
+/- Change in stocks of raw materiels	-81 284	12,6%	-92 951	0%	0
- Other external purchases and charges	7 006 367	21,1%	5 786 745	-18,6%	7 109 084
Added value	4 910 502 €	42,2%	3 452 918 €	-17,4%	4 182 346 €	148 718 €	3201,9%
	10,69 % CA	23,4%	8,66 % CA	9,5%	7,91 % CA	25,35 % CA	-57,8%

Added value	4 910 502 €	42,2%	3 452 918 €	-17,4%	4 182 346 €	148 718 €	3201,9%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	314 931	-2,7%	323 793	-5,6%	343 053
- Personal charges	3 093 219	-4,2%	3 228 067	5,6%	3 057 623
Gross operating surplus	1 502 352 €	1618,4%	-98 942 €	-112,7%	781 670 €	21 940 €	6747,5%
	3,27 % CA	1408,0%	-0,25 % CA	-116,9%	1,48 % CA	4,04 % CA	-19,1%

Gross operating surplus	1 502 352 €	1618,4%	-98 942 €	-112,7%	781 670 €	21 940 €	6747,5%
+ Release of reserves and provisions	73 898	-92,8%	1 020 023	-25,2%	1 362 912
+ Other operating income	66 669	352,9%	14 720	-33,9%	22 283
- Depreciation/Amortisation	499 090	-28,9%	702 077	-47,1%	1 328 005
- Other charges	204 726	132,7%	87 971	31,9%	66 673
Operating result	939 103 €	544,3%	145 753 €	-81,1%	772 187 €	15 391 €	6001,6%
	2,04 % CA	451,4%	0,37 % CA	-74,7%	1,46 % CA	03 % CA	-32,0%

Operating result	939 103 €	544,3%	145 753 €	-81,1%	772 187 €	15 391 €	6001,6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	660 825	-50,4%	1 331 354	27,3%	1 046 135
- Financial charges	252 437	-71,4%	882 772	92,1%	459 597
Pre-tax result	1 347 491 €	126,7%	594 335 €	-56,3%	1 358 725 €	14 255 €	9352,8%
	2,93 % CA	96,6%	1,49 % CA	-42,0%	2,57 % CA	2,75 % CA	6,5%

Extraordinary income	1 002	-33,2%	1 500	-97,5%	59 108	228	339,5%
- Extraordinary charges	291 669	149,7%	116 821	12865,7%	901
Extraordinary result	-290 667 €	-152,1%	-115 321 €	-298,1%	58 207 €	0 €	0%
	-0,63 % CA	-117,2%	-0,29 % CA	-363,6%	0 % CA	0 % CA	0%

Pre-tax result	1 347 491 €	126,7%	594 335 €	-56,3%	1 358 725 €	14 255 €	9352,8%
Extraordinary result	-290 667 €	-152,1%	-115 321 €	-298,1%	58 207 €	0 €	0%

- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	337 531	110,6%	160 300	-59,2%	393 243
Net result	719 293 €	125,7%	318 714 €	-68,9%	1 023 689 €	13 198,50 €	5349,8%
	1,57 % CA	96,2%	0,80 % CA	-58,8%	1,94 % CA	2,41 % CA	-34,9%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Employees			20 to 49 employees			-
Company details
	Activity (APE)	Commerce de gros (commerce interentreprises) de fournitures et équipements divers pour le commerce et les services (4669C)
	RCS Registration	RCS Bobigny 9 350 860 102		Share capital	4,000,000 Euros
	Registration Court	Bobigny (93)		Legal form	Public limited company with board of directors
	Court Registry Number	19 9 1B019		EU VAT Number	FR47350860102
	Incorporation Date	08/1989		Formation Date	04/1989
	Deregistration Date			Last account Date	31/12/2010
	Nationality	France

Establishment details

Acronym

CCI

Activity (APE)

Commerce de gros (commerce interentreprises) de fournitures et équipements divers pour le commerce et les services (4669C)

Business Pages FT®

IMPRESSION MATERIEL FOURNITURE

Postal Address

COMPAGNIE COMMERCIALE ET INDUSTRIELLE
C.O.C.I
ZA LE TERMINAL
1 RUE MAXIMILIEN ROBESPIERRE
93130 NOISY LE SEC

Trading Address

1 RUE MAXIMILIEN ROBESPIERRE
93130 NOISY LE SEC

Telephone

01 48 10 64 60

Fax

01 48 44 50 67

Type

Head office (one site company)

Status

Economically active

Formation Date

10/1994

Reason for formation

Other

Closure Date

Reason for closure

Reactivation Date

Production Role

Activity Nature

-

Activity Location

Other

Location surface

Seasonality

Department

Seine-Saint-Denis (93)

Region

Ile-de-France

District

1

Area

20

City

NOISY LE SEC

Size of urban area

Paris conglomeration

Other establishments

Branches

1 branch entities in this company

Head office

> COMPAGNIE COMMERCIALE ET INDUSTRIELLE <<<  - Commerce de gros (commerce interentreprises) de fournitures et équipements divers pour le commerce et les services (4669C)  in NOISY LE SEC  (93130)

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

20 to 49 employees

Company workforce

20 to 49 employees

Summary of preferential rights

Company monitored since	08/04/2009
Status of Monitoring	No social security and tax office preferential right to date

Group data

This company is not identified as one of the biggest french chip.

Linkages

This company is not identified as one of the biggest french chip.

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
22/09/2011	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 959 - 350 860 102 RCS Bobigny. COMPAGNIE COMMERCIALE ET INDUSTRIELLE. Forme : Société anonyme. Capital : 4000000 EUR. Activité : . Commentaires : Modification du capital.
08/09/2011	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 1639 - 350 860 102 RCS Bobigny. COMPAGNIE COMMERCIALE ET INDUSTRIELLE. Forme : Société anonyme. Administration : Président du conseil d'administration et directeur général : PICQUENOT DENIS PIERRE LOUIS modification le 18 Octobre 2002 Commissaire aux comptes titulaire : SEGUIN DANIEL Directeur général délégué : PICQUENOT NORBERT LAURENT CLEMENT modification le 18 Octobre 2002 Administrateur : PICQUENOT YOLAINE GEORGETTE JEANINE Commissaire aux comptes suppléant : LORTHIOIS Eric en fonction le 06 Septembre 2000 Administrateur : PICQUENOT Olivier en fonction le 30 Août 2011. Activité : . Commentaires : Modification de représentant.
15/08/2011	JAL	Appointment of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Société faisant l'objet d'une nomination : 350860102 - COMPAGNIE COMMERCIALE ET INDUSTRIELLE, C O C I, CCI, 1 RUE MAXIMILIEN ROBESPIERRE, ZA LE TERMINAL, 93130 NOISY LE SEC Nominé : Monsieur Olivier PICQUENOT, 75017 PARIS 17 En la fonction de : Administrateur Date d'effet : 30/06/2011
15/08/2011	JAL	Modification of the share capital
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 30/06/2011 La société : 350860102 - COMPAGNIE COMMERCIALE ET INDUSTRIELLE, C O C I, CCI, 1 RUE MAXIMILIEN ROBESPIERRE, ZA LE TERMINAL, 93130 NOISY LE SEC a subi une augmentation de son capital social désormais de 4 000 000 € Date d'effet : 30/06/2011
13/09/2010	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 10394 - 350860102 RCS. COMPAGNIE COMMERCIALE ET INDUSTRIELLE. Forme : Société anonyme. Adresse : 1 rue Maximilien Robespierre Zone Artisanale le Terminal 93130 Noisy-le-Sec. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
05/04/2010	JAL	Appointment of the social representative
77 Société faisant objet d'une nomination : 784899296 - ATELIER IMPRESSION FACONNAGE BRIE, AIFB, RUE DES PRES BORETS, ZONE INDUSTRIELLE, 77820 LE CHATELET-EN-BRIE Nominé : En la fonction de : Administrateur
16/10/2008	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 8454 - 350860102 RCS. COMPAGNIE COMMERCIALE ET INDUSTRIELLE. Forme : Société anonyme. Adresse : 1 rue Maximilien 93130 Noisy-le-Sec. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
04/11/2007	Bodacc C	Avis de dépôt des comptes
7637 - 350 860 102. RCS Bobigny COMPAGNIE COMMERCIALE ET INDUSTRIELLE. Forme: Société anonyme. Adresse du siège social: 1 rue Maximilien Robespierre Zone Artisanale le Terminal , 93130 Noisy-le-Sec. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
25/09/2006	Bodacc C	Avis de dépôt des comptes
4885 - RCS Bobigny B 350 860 102. RC 91-B 1927. COMPAGNIE COMMERCIALE ET INDUSTRIELLE. Forme: S.A. Adresse du siège social: 1, rue Maximilien,Robespierre Z.A. le Terminal, 93130 Noisy-le-Se. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
22/11/2005	Bodacc C	Avis de dépôt des comptes
5267 - RCS Bobigny B 350 860 102. RC 91-B 1927. COMPAGNIE COMMERCIALE ET INDUSTRIELLE. Forme: S.A. Adresse du siège social: 1, rue Maximilien,Robespierre Z.A. le Terminal, 93130 Noisy-le-Se. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
31/10/2002	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 350860102 RC 91-B 1927 COMPAGNIE COMMERCIALE ET INDUSTRIELLE. Forme : S.A Nom commercial: C.O.C.I. Commentaires : modification survenue sur l'administration. Administration : modification du président du conseil d' administration et directeur général : PICQUENOT (Denis, Pierre, Louis).
21/09/2000	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 350860102 RC 91-B 1927 COMPAGNIE COMMERCIALE ET INDUSTRIELLE. Forme : S.A Nom commercial: COCI. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes suppléant partant : MOLINARI (Alexandre). Nomination du commissaire aux comptes suppléant : LORTHIOIS (Eric).
11/10/1998	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 350 860 102 RC 91-B 1927 COMPAGNIE COMMERCIALE ET INDUSTRIELLE. Forme : S.A. Capital : 10 000 000 de F Nom commercial: C.O.C.I. Commentaires : modification survenue sur le capital ( augmentation).

Company events history

Date

Description

22/09/2011

Bodacc B: Various editing or changing

16/09/2011

Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness

14/09/2011

Updated articles of association

14/09/2011

Capital increase

14/09/2011

Minutes of general meeting of shareholders

08/09/2011

Bodacc B: Various editing or changing

30/08/2011

Minutes of general meeting of shareholders

30/08/2011

Changes to the Board of Directors

30/06/2011

Other modification of Establishment

30/06/2011

Legal Gazette: Appointment of the social representative

30/06/2011

Legal Gazette: Modification of the share capital

31/12/2010

New accounts available

13/09/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

15/11/2009

Legal Gazette: Appointment of the social representative

08/04/2009

Collection of preferential rights activated for this company

16/10/2008

Bodacc C : Deposit accounts notice

31/12/2007

New accounts available

31/12/2006

New accounts available

31/12/2005

New accounts available

19/10/2005

Acte sous seing privé

19/10/2005

Private document

19/10/2005

Sale of shares

19/10/2005

Donation/Partage

19/10/2005

Cession de parts

31/12/2004

New accounts available

31/12/2003

New accounts available

18/10/2002

Acte modificatif

18/10/2002

Statuts mis à jour

18/10/2002

Modification du Conseil d'Administration

18/10/2002

PV d'Assemblée

18/10/2002

Acte sous seing privé

18/10/2002

PV du Conseil d'Administration

18/10/2002

Nomination/démission des organes de gestion

06/09/2000

Acte sous seing privé

06/09/2000

Nomination/démission des organes de gestion

06/09/2000

PV d'Assemblée

25/09/1998

Acte sous seing privé

25/09/1998

Statuts mis à jour

25/09/1998

PV d'Assemblée

25/09/1998

Augmentation de Capital

20/12/1995

PV d'Assemblée

20/12/1995

Acte modificatif

24/11/1994

Changement de Forme Juridique sans changement de catégorie

24/11/1994

Transfert du Siège dans le ressort du Tribunal de Commerce

24/11/1994

Nomination/démission des organes de gestion

24/11/1994

PV d'Assemblée

24/11/1994

PV du Conseil d'Administration

24/11/1994

Statuts mis à jour

24/11/1994

Rapport des Commissaires ou du Gérant

24/11/1994

Acte modificatif

06/06/1994

Cession de parts

06/06/1994

Statuts mis à jour

06/06/1994

Acte sous seing privé

06/06/1994

Acte modificatif

09/03/1994

Acte modificatif

09/03/1994

Statuts mis à jour

09/03/1994

Déclaration de conformité

09/03/1994

Augmentation de Capital

09/03/1994

PV d'Assemblée

Establishment events history
Date	Description
16/09/2011	Update Rating
01/09/2011	Update Rating
10/08/2011	Update Rating
13/09/2010	Update Rating
13/09/2010	Update Limit
30/12/2009	Update Rating
22/10/2009	Update of phone numbers
11/10/2009	Update Limit
06/09/2009	Update Rating
14/04/2009	Update of phone numbers
16/02/2009	Update of phone numbers
02/10/2008	Update Limit
02/10/2008	Update Rating
27/09/2008	Update Rating
13/01/2008	Update Limit
16/12/2007	Update Limit
09/12/2007	Update Limit
04/09/2007	Update Rating

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.79
UK Pound	1	Rs.85.17
Euro	1	Rs.69.53

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.