MIRA INFORM REPORT

Report Date :

03.08.2012

IDENTIFICATION DETAILS

Name :	PAVES DE RUE
Registered Office :	Parc D'activite Euroval, 24 Av Du Val De L'eure, 28630 Fontenay Sur Eure
Country :	France
Financials (as on) :	30.06.2011
Date of Incorporation :	August 1998
Legal Form :	Limited Liability Company
Line of Business :	Wholesale (business to business) plumbing fixtures and decorative products (4673B)
No. of Employees :	3 to 5 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Good
Payment Behaviour :	Regular
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	A1	A1

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	PAVES DE RUE

company summary

Activity (APE)	Commerce de gros (commerce interentreprises) d'appareils sanitaires et de produits de décoration (4673B)	Legal form	Limited Liability Company
Phone	02 37 35 80 94	RCS Registration	RCS Chartres 9 419 641 360
Fax		Share capital	9,146 Euros
Address	PAVES DE RUE PARC D'ACTIVITE EUROVAL 24 AV DU VAL DE L'EURE 28630 FONTENAY SUR EURE	Incorporated Date	08/1998
Nationality	France	Status	Economically active

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'appareils sanitaires et de produits de décoration (4673B)
RCS Registration	RCS Chartres 9 419 641 360	Share capital	9,146 Euros
Registration Court	Chartres (28)	Legal form	Limited Liability Company
Court Registry Number	19 9 8B002	EU VAT Number	FR86419641360
Incorporation Date	08/1998	Formation Date	07/1998
Deregistration Date		Last account Date	30/06/2011
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) d'appareils sanitaires et de produits de décoration (4673B) (Wholesale (business to business) plumbing fixtures and decorative products (4673B))	Business Pages FT®	MATERIAUX CONSTRUCTION NEGOCE
Postal Address	PAVES DE RUE PARC D'ACTIVITE EUROVAL 24 AV DU VAL DE L'EURE 28630 FONTENAY SUR EURE	Trading Address	24 AVENUE DU VAL DE L'EURE 28630 FONTENAY SUR EURE
Telephone	02 37 35 80 94
Fax

DIRECTORS/MANAGEMENT

Current Directors

3

directors

Name	M. GUEDOU JEAN-MICHEL
Manager position	Co-gérant	Date of birth	27/01/1946
Place of birth	NOGENT SUR EURE (28)
Type	Individual	Name at birth

Name	M. GUEDOU YVAN
Manager position	Co-gérant	Date of birth	15/07/1974
Place of birth	CHARTRES (28)
Type	Individual	Name at birth

Name	M. GUEDOU OLIVIER
Manager position	Co-gérant	Date of birth	09/01/1969
Place of birth	CHARTRES (28)
Type	Individual	Name at birth

Previous Directors

View the directors history for this company
If you want to view the directors history, please click on the link view details.

Manager position	Title and name	Date of Birth/Place of Birth
Gérant	M JEAN-MICHEL GUEDOU

NEGATIVE INFORMATION

Last published preferential right

This company is not under monitoring

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Recent publications in Gazettes

Publication date	Gazette Name	Description
16/01/2012	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 2536 - 419641360 RCS. SARL PAVES DE RUE. Forme : Société à responsabilité limitée. Adresse : 24 avenue du Val de l'Eure Parc d'Activité Euroval 28630 Fontenay-sur-Eure. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2011.
28/02/2011	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 3109 - 419641360 RCS. SARL PAVES DE RUE. Forme : Société à responsabilité limitée. Adresse : 24 avenue du Val de l'Eure Parc d'Activité Euroval 28630 Fontenay-sur-Eure. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2010.
09/09/2010	Bodacc B	Modification et mutation diverse
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 284 - 419 641 360 RCS Chartres. SARL PAVES DE RUE. Forme : Société à responsabilité limitée. Administration : Co-Gérant : GUEDOU JEAN-MICHEL Co-Gérant : GUEDOU Yvan Co-Gérant : GUEDOU Olivier Commissaire aux comptes titulaire : VAL DE LOIRE AUDIT Commissaire aux comptes suppléant : BROCHARD Fabrice. Adresse de l’établissement principal : 24 avenue du Val de l'Eure, Parc d'Activité Euroval, 28630 Fontenay-sur-Eure. Adresse du siège social : 24 avenue du Val de l'Eure, Parc d'Activité Euroval, 28630 Fontenay-sur-Eure. Commentaires : Modification survenue sur l'administration et transfert de l'établissement principal, transfert du siège social.
21/07/2010	JAL	Appointment of the social representative
L'ECHO DE BROU Société faisant objet d'une nomination : 419641360 - PAVES DE RUE, PAVES DE RUE, 4 RUE DES CHENES, 28600 LUISANT Nominé : Monsieur Yvan GUEDOU, 6 SENTE 6 SENTE CHEVALIERE, 28600 LUISANT En la fonction de : Co-Gérant
21/07/2010	JAL	Appointment of the social representative
L'ECHO DE BROU Société faisant objet d'une nomination : 419641360 - PAVES DE RUE, PAVES DE RUE, 4 RUE DES CHENES, 28600 LUISANT Nominé : Monsieur Olivier GUEDOU, 2 RUE 2 RUE ANDREE DUPEYRON, 28600 LUISANT En la fonction de : Co-Gérant
21/07/2010	JAL	Head Office Transfer
L'ECHO DE BROU Date de décision : 02/07/2010 Transfert du siège social de la société 419641360 -  PAVES DE RUE, PAVES DE RUE Adresse du nouveau siège : 24 AVENUE DU VAL DE L EURE, PARC D ACTIVITE EUROVAL, 28630 FONTENAY SUR EURE Ancienne localisation : 4 RUE DES CHENES, 28600 LUISANT
01/03/2010	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 2037 - 419641360 RCS. SARL PAVES DE RUE. Forme : Société à responsabilité limitée. Adresse : 4 rue des Chênes 28600 Luisant. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2009.
29/04/2009	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 2057 - 419641360 RCS. SARL PAVES DE RUE. Forme : Société à responsabilité limitée. Adresse : 4 rue des Chênes 28600 Luisant. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2008.
16/04/2008	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 2315 - 419641360 RCS. SARL PAVES DE RUE. Forme : Société à responsabilité limitée. Adresse : 4 rue des Chênes 28600 Luisant. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2007.
11/03/2008	Bodacc B	Modification et mutation diverse
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 3399 - 419 641 360 RCS Chartres. SARL PAVES DE RUE. Forme : Société à responsabilité limitée. Administration : Gérant(e) : GUEDOU JEAN-MICHEL. Commissaire aux comptes titulaire : VAL DE LOIRE AUDIT (). Commissaire aux comptes suppléant : BROCHARD Fabrice. Commentaires : Modification survenue sur l'administration.
14/04/2007	Bodacc C	Avis de dépôt des comptes
2575 - RCS Chartres B 419 641 360. RC 98-B 250. SARL PAVES DE RUE. Forme: S.A.R.L.. Adresse du siège social: 4, rue des Chenes,28600 Luisant. Comptes annuels et rapports de l'exercice clos le: 30 juin 2006.
01/04/2006	Bodacc C	Avis de dépôt des comptes
1152 - RCS Chartres B 419 641 360. RC 98-B 250. SARL PAVES DE RUE. Forme: S.A.R.L.. Adresse du siège social: 4, rue des Chenes,28600 Luisant. Comptes annuels et rapports de l'exercice clos le: 30 juin 2005.
17/05/2005	Bodacc B	Modifications et mutations diverses
1054 - RCS Chartres B 419 641 360. RC 98-B 250. S.A.R.L. PAVES DE RUE. Forme : S.A.R.L. Nom commercial : Pavés de Rue. Adresse du siège social : 4 rue des Chênes,, 28600 Commentaires : modification survenue sur l'administration. Administration : gérant : GUEDOU (Jean-Michel) (Nom d'usage : GUEDOU). Commissaire aux comptes titulaire : GROS (Philippe) (Nom d'usage : GROS). Commissaire aux comptes suppléant : A.E.C. Date d'effet : 30 décembre 2004.
03/04/2005	Bodacc C	Avis de dépôt des comptes
2013 - RCS Chartres B 419 641 360. RC 98-B 250. SARL PAVES DE RUE. Forme: S.A.R.L.. Adresse du siège social: 4, rue des Chenes,28600 Luisant. Comptes annuels et rapports de l'exercice clos le: 30 juin 2004.
14/11/1998	Bodacc A	Création d'établissement
RCS Chartres B 419 641 360 A dater du: 12 aout 1998 RC 98-B 250 S.A.R.L. PAVES DE RUE. Forme : S.A.R.L. Capital : 60 000 F Nom commercial: Pavés de Rue. Adresse du siège social : 4 rue des Chenes 28600 Luisant. Administration : gérant : GUEDOU (Jean-Michel) Cette société se constitue Etablissement principal: Activité : achat, vente de tous produits et de matériaux du batiment neufs, d' occasion ou récupérés. Adresse : 4 rue des Chenes 28600 Luisant Date de début d'activité: 1er juillet 1998.

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

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GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

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

Linkages

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

FINANCIAL INFORMATION

Trading to Date

06/30/2011

06/30/2010

06/30/2009

Turnover

6,709,407 €

5,377,035 €

5,323,655 €

Gross Operating Surplus

13,87 % Turnover

29,62 % Turnover

18 % Turnover

Net worth

3,537,177 €

4,672,032 €

4,003,832 €

Employees

3 to 5 employees

-

-

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/06/2011	30/06/2010	30/06/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	14/01/2012	15/02/2011	01/03/2010
Activity Code	4673B	4673B	4673B
Employees	0	0	0

Active account

Annual Accounts	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	1 022 070	1,6%	1 006 206	42,3%	707 078	46 788	2084,5%
- Intangible assets	319	-68,3%	1 006	0%	0	708	-54,9%
- Tangible assets	1 021 751	1,6%	1 005 200	42,2%	707 078	21 178	4724,6%
- Financial assets	0	0%	0	0%	0	2 521,50	0%
Net current assets	3 965 120	-25,7%	5 339 148	17,6%	4 541 457	318 717,50	1144,1%
- Stocks	462 428	399,6%	92 568	-60,2%	232 428	88 335,50	423,5%
- Advanced payments	0	-25,7%	1 686	321,5%	400	0	0%
- Receivables	2 755 818	31,0%	2 104 019	-9,6%	2 327 542	116 995	2255,5%
- Securities and cash	746 874	-76,2%	3 140 875	58,5%	1 981 087	48 113,50	1452,3%
- Prepaid expenses	-	-	-	-	-	602	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	4 987 189	-21,4%	6 345 355	20,9%	5 248 535	392 389,50	1171,0%

Passive Account

Annual Accounts	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Shareholders' equity	3 537 177	-24,3%	4 672 032	16,7%	4 003 832	131 926	2581,2%
Share capital	9 147	0%	9 147	0%	9 147	20 000	-54,3%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1 450 012	-13,3%	1 673 323	34,4%	1 244 704	230 429,50	529,3%
- Financial liabilities	2 037	0%	2 037	0%	2 037	39 031	-94,8%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	1 154 016	8,9%	1 059 314	18,5%	893 661	91 806,50	1157,0%
- Tax and social liabilities	260 429	-55,9%	590 891	72,7%	342 050	58 779	343,1%
- Other debts and fixed assets liabilities	33 530	59,1%	21 081	203,1%	6 956	6 225,50	438,6%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	4 987 189	-21,4%	6 345 355	20,9%	5 248 535	392 389	1171,0%

Results

Annual Accounts	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Sales of Goods	6 718 421	13,5%	5 920 708	11,2%	5 323 667	748 876	797,1%
Net turnover	6 709 407	24,8%	5 377 035	1,0%	5 323 655	735 791,50	811,9%
- of which net export turnover	8 380	0%	0	0%	0	0	0%
Operating charges	5 857 337	33,6%	4 383 980	-0,3%	4 396 820	729 706,50	702,7%
Operating profit/loss	861 084	-44,0%	1 536 728	65,8%	926 847	25 071	3334,6%
Financial income	7 917	-88,5%	69 089	2342,2%	2 829	98,50	7937,6%
Financial charges	0	0%	664	125,1%	295	1 708	0%
Financial profit/loss	7 917	-88,4%	68 425	2600,3%	2 534	-568	1493,8%
Pretax net operating income	869 001	-45,9%	1 605 153	72,7%	929 381	23 085,50	3664,3%
Extraordinary income	2 353	-99,7%	846 615	10634,3%	7 887	495	375,4%
Extraordinary charges	0	0%	9 258	-6,9%	9 946	451,50	0%
Extraordinary profit/loss	2 353	-29,5%	837 357	40768,1%	-2 059	0	0%
Net result	590 145	-63,5%	1 618 200	150,7%	645 555	20 717,50	2748,5%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/06/2011	30/06/2010	30/06/2009
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			30/06/2011		30/06/2010		30/06/2009
	Grand Total (I to VI)	Net	4 987 189	-21,4%	6 345 355	20,9%	5 248 535
	Gross	CO	5 185 551	-19,9%	6 476 583	21,5%	5 332 590
	Amortisation	1A	198 362	51,2%	131 228	56,1%	84 055

Non declared distributed capital (I)

		30/06/2011		30/06/2010		30/06/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			30/06/2011		30/06/2010		30/06/2009
	Total Active fixed asset (II)	Net	1 022 070	1,6%	1 006 206	42,3%	707 078
	Gross	BJ	1 190 303	7,7%	1 104 885	40,9%	783 893
	Amortisation	BK	168 233	70,5%	98 679	28,5%	76 815

Intangilble fixed assets

			30/06/2011		30/06/2010		30/06/2009
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	319	-68,3%	1 006	0%	0
	Gross	AF	2 621	96,6%	1 333	0%	0
	Amortisation	AG	2 302	604,0%	327	0%	0
	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	319	-68,3%	1 006	0%	0

Tangilble fixed assets

			30/06/2011		30/06/2010		30/06/2009
	Lands	Net	567 593	11,5%	508 833	50,7%	337 578
	Gross	AN	574 652	12,8%	509 407	50,9%	337 578
	Amortisation	AO	7 059	1129,8%	574	0%	0
	Buildings	Net	418 061	-7,3%	451 171	1813,7%	23 576
	Gross	AP	509 556	1,4%	502 703	703,4%	62 573
	Amortisation	AQ	91 495	77,5%	51 532	32,1%	38 997
	Plant	Net	9 457	-57,6%	22 301	-37,5%	35 701
	Gross	AR	60 086	1,0%	59 500	0%	59 500
	Amortisation	AS	50 629	36,1%	37 199	56,3%	23 799
	Other tangible fixed assets	Net	26 640	16,4%	22 895	124,2%	10 210
	Gross	AT	43 388	35,8%	31 942	31,8%	24 229
	Amortisation	AU	16 748	85,1%	9 047	-35,5%	14 019
	Fixed assets in construction	Net	0	0%	0	0%	300 013
	Gross	AV	0	0%	0	0%	300 013
	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	1 021 751		1 005 200		707 078

Financial assets

			30/06/2011		30/06/2010		30/06/2009
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	0	0%	0	0%	0
	Gross	BH	0	0%	0	0%	0
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		0		0		0

Current Assets (III)

			30/06/2011		30/06/2010		30/06/2009
	Total Assets	Net	3 965 120	-25,7%	5 339 148	17,6%	4 541 457
	Gross	CJ	3 995 249	-25,6%	5 371 697	18,1%	4 548 697
	Amortisation	CK	30 129	-7,4%	32 549	349,6%	7 240

Stocks

			30/06/2011		30/06/2010		30/06/2009
	Raw materials	Net	0	0%	0	0%	0
	Gross	BL	0	0%	0	0%	0
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	462 428	399,6%	92 568	-60,2%	232 428
	Gross	BT	462 428	399,6%	92 568	-60,2%	232 428
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	462 428	399,6%	92 568	-60,2%	232 428

Advance payments to suppliers

			30/06/2011		30/06/2010		30/06/2009
	Advance payments to suppliers	Net	0	0%	1 686	321,5%	400
	Gross	BV	0	0%	1 686	321,5%	400
	Amortisation	BW	0	0%	0	0%	0

Debtors

			30/06/2011		30/06/2010		30/06/2009
	Trade accounts receivable	Net	1 808 115	14,1%	1 584 441	-10,9%	1 777 501
	Gross	BX	1 838 244	13,7%	1 616 990	-9,4%	1 784 741
	Amortisation	BY	30 129	-7,4%	32 549	349,6%	7 240
	Other debtors	Net	643 357	208,5%	208 574	-49,2%	410 674
	Gross	BZ	643 357	208,5%	208 574	-49,2%	410 674
	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	2 451 472	36,7%	1 793 015	-18,1%	2 188 175

Divers

			30/06/2011		30/06/2010		30/06/2009
	Investment securities	Net	0	0%	67 979	0%	0
	Gross	CD	0	0%	67 979	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	746 874	-75,7%	3 072 896	55,1%	1 981 087
	Gross	CF	746 874	-75,7%	3 072 896	55,1%	1 981 087
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	746 874	-76,2%	3 140 875	58,5%	1 981 087

Prepaid expenses

			30/06/2011		30/06/2010		30/06/2009
	Prepaid expenses	Net	304 346	-2,1%	311 004	123,2%	139 367
	Gross	CH	304 346	-2,1%	311 004	123,2%	139 367
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/06/2011		30/06/2010		30/06/2009
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		30/06/2011		30/06/2010		30/06/2009
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)

		30/06/2011		30/06/2010		30/06/2009
Grand Total (I to V)	EE	4 987 189	-21,4%	6 345 355	20,9%	5 248 535

Shareholder Equity (I)

			30/06/2011		30/06/2010		30/06/2009
	Total shareholders' equity (Total I)	DL	3 537 177	-24,3%	4 672 032	16,7%	4 003 832
	Equity and shareholders' equity	DA	9 147	0%	9 147	0%	9 147
	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	915	0%	915	0%	915
	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	2 936 970	-3,5%	3 043 770	-9,1%	3 348 215
	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	590 145	-63,5%	1 618 200	150,7%	645 555
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			30/06/2011		30/06/2010		30/06/2009
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			30/06/2011		30/06/2010		30/06/2009
	Total provisions for risks and charges (Total III)	DR	0	0%	0	0%	0
	Risk provisions	DP	0	0%	0	0%	0
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			30/06/2011		30/06/2010		30/06/2009
	Total Liabilities (Total IV)	EC	1 450 012	-13,3%	1 673 323	34,4%	1 244 704
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	0	0%	0
	Sundry loans and financial liabilities	DV	2 037	0%	2 037	0%	2 037
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	1 154 016	8,9%	1 059 314	18,5%	893 661
	Tax and social security liabilities	DY	260 429	-55,9%	590 891	72,7%	342 050
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	33 530	59,1%	21 081	203,1%	6 956

Translation loss (V)

		30/06/2011		30/06/2010		30/06/2009
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		30/06/2011		30/06/2010		30/06/2009
Deferred income	EB	0	0%	0	0%	0

References

		30/06/2011		30/06/2010		30/06/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	1 450 012	-13,3%	1 673 323	34,4%	1 244 703
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)

		30/06/2011		30/06/2010		30/06/2009
Operating result (Total I-II)	GG	861 084	-44,0%	1 536 728	65,8%	926 847

2 - Financial result (V - VI)

		30/06/2011		30/06/2010		30/06/2009
Financial result (Total V-VI)	GV	7 917	-88,4%	68 425	2600,3%	2 534

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

		30/06/2011		30/06/2010		30/06/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	869 001	-45,9%	1 605 153	72,7%	929 381

4 - Extraordinary result (VII-VIII)

		30/06/2011		30/06/2010		30/06/2009
Extraordinary result (Total VII-VIII)	HI	2 353	-99,7%	837 357	40768,1%	-2 059

Profit or loss

		30/06/2011		30/06/2010		30/06/2009
Profit or loss	HN	590 145	-63,5%	1 618 200	150,7%	645 555

Total Income (I+III+V+VII)

		30/06/2011		30/06/2010		30/06/2009
Total Income (I+III+V+VII)	HL	6 728 691	-1,6%	6 836 412	28,2%	5 334 383

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

		30/06/2011		30/06/2010		30/06/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	6 138 545	17,6%	5 218 213	11,3%	4 688 830

Operating income (I)

		30/06/2011		30/06/2010		30/06/2009
Total operating income (Total I)	FR	6 718 421	13,5%	5 920 708	11,2%	5 323 667

Operating income (details)

			30/06/2011		30/06/2010		30/06/2009
	Sale of goods for resale	FC	6 647 656	29,4%	5 136 774	0,8%	5 097 875
	France	FA	6 639 276	29,2%	5 136 774	0,8%	5 097 875
	Export	FB	8 380	0%	0	0%	0
	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	61 751	-74,3%	240 261	6,4%	225 780
	France	FG	61 751	-74,3%	240 261	6,4%	225 780
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	6 709 407	24,8%	5 377 035	1,0%	5 323 655
	France	FJ	6 701 027	24,6%	5 377 035	1,0%	5 323 655
	Export	FK	8 380	0%	0	0%	0
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	543 592	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	8 958	0%	0	0%	0
	Other income	FQ	56	-30,9%	81	575,0%	12

Operating charges (II)

		30/06/2011		30/06/2010		30/06/2009
Total operating charges (Total II)	GF	5 857 337	33,6%	4 383 980	-0,3%	4 396 820

Exploitation charges

		30/06/2011		30/06/2010		30/06/2009
Purchase of goods for resale	FS	4 134 239	108,8%	1 979 737	14,0%	1 736 416
Change in stocks of goods for resale	FT	-369 860	-364,5%	139 860	-87,9%	1 157 552
Purchase of raw materials	FU	77 375	76,3%	43 882	-20,9%	55 442
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	1 594 284	-11,7%	1 806 166	59,6%	1 131 646
Tax, duty and similar payments	FX	52 494	89,4%	27 716	9,6%	25 286
Payroll	FY	266 951	10,7%	241 212	28,9%	187 173
Social security costs	FZ	23 334	-74,0%	89 619	24,7%	71 892

Depreciation

		30/06/2011		30/06/2010		30/06/2009
Depreciation of fixed assets	GA	69 554	129,4%	30 319	28,5%	23 594
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	6 370	-74,8%	25 309	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		30/06/2011		30/06/2010		30/06/2009
Other charges	GE	2 596	1522,5%	160	-98,0%	7 819

Operating charges (III-IV)

		30/06/2011		30/06/2010		30/06/2009
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			30/06/2011		30/06/2010		30/06/2009
	Total financial income (Total V)	GP	7 917	-88,5%	69 089	2342,2%	2 829
	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	7 917	-88,5%	69 089	2342,2%	2 829
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			30/06/2011		30/06/2010		30/06/2009
	Total financial charge (Total VI)	GU	0	0%	664	125,1%	295
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	0	0%	664	125,1%	295
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			30/06/2011		30/06/2010		30/06/2009
	Total extraordinary income (Total VII)	HD	2 353	-99,7%	846 615	10634,3%	7 887
	Extraordinary operating income	HA	2 353	-99,7%	846 615	10634,3%	7 887
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			30/06/2011		30/06/2010		30/06/2009
	Total extraordinary charges (Total VIII)	HH	0	0%	9 258	-6,9%	9 946
	Extraordinary operating charges	HE	0	0%	0	0%	9 946
	Extraordinary charges from capital transactions	HF	0	0%	9 258	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		30/06/2011		30/06/2010		30/06/2009
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		30/06/2011		30/06/2010		30/06/2009
Tax on profits (Total X)	HK	281 208	-65,9%	824 311	192,5%	281 769

References

		30/06/2011		30/06/2010		30/06/2009
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	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)

			30/06/2011		30/06/2010		30/06/2009
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	316 159	0%	0
	Decreasess by transfers	OK2	0	0%	17 713	-82,3%	100 000
	Gross value at the end of period	OL	1 190 302	7,7%	1 104 886	40,9%	783 893

Research and development Charge (Total I)

			30/06/2011		30/06/2010		30/06/2009
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			30/06/2011		30/06/2010		30/06/2009
	Gross value at begin of period	KD	1 333	0%	0	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	1 287	-3,5%	1 333	0%	0
	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	2 620	96,5%	1 333	0%	0

Tangible fixed assets (Total III)

			30/06/2011		30/06/2010		30/06/2009
	Gross value at begin of period	LN	1 103 552	40,8%	783 892	66,4%	471 083
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	84 129	-87,1%	653 532	108,9%	312 810
	Decreasess by budget item transfer	NG1	0	0%	316 159	0%	0
	Decreasess by transfers	NG2	0	0%	17 713	0%	0
	Gross value at the end of period	NH	1 187 681	7,6%	1 103 552	40,8%	783 893

Fiancial assets (Total IV)

			30/06/2011		30/06/2010		30/06/2009
	Gross value at begin of period	LQ	0	0%	0	0%	100 000
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	100 000
	Gross value at the end of period	NK	0	0%	0	0%	0

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

			30/06/2011		30/06/2010		30/06/2009
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			30/06/2011		30/06/2010		30/06/2009
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			30/06/2011		30/06/2010		30/06/2009
	Reserve for depreciation value at begin of period	PE	326	0%	0	0%	0
Increases		PF	1 975	505,8%	326	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	2 301	605,8%	326	0%	0

Total fixed assets amotisation (Total III)

			30/06/2011		30/06/2010		30/06/2009
	Reserve for depreciation value at begin of period	QU	98 350	28,0%	76 813	44,3%	53 219
Increases		QV	67 576	125,3%	29 990	27,1%	23 592
Decreases		QW	0	0%	8 453	0%	0
	Decreasess by budget item transfer	QX	165 926	68,7%	98 350	28,0%	76 811

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

			30/06/2011		30/06/2010		30/06/2009
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			30/06/2011		30/06/2010		30/06/2009
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			30/06/2011		30/06/2010		30/06/2009
	Value at begining of period	7C	32 549	349,6%	7 240	0%	7 240
Increases		UB	6 370	-74,8%	25 309	0%	0
Decreases		UC	8 790	0%	0	0%	0
	Value at the end of period	UD	30 129	-7,4%	32 549	349,6%	7 240

Includes Total allocations

Operating	UE	6 370	-74,8%	25 309	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	8 790	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			30/06/2011		30/06/2010		30/06/2009
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			30/06/2011		30/06/2010		30/06/2009
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			30/06/2011		30/06/2010		30/06/2009
	Value at begining of period	7B	32 549	349,6%	7 240	0%	7 240
Increases		TY	6 370	-74,8%	25 309	0%	0
Decreases		TZ	8 790	0%	0	0%	0
	Value at the end of period	UA	30 129	-7,4%	32 549	349,6%	7 240

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

		30/06/2011		30/06/2010		30/06/2009
Gross value	VT	2 785 946	30,4%	2 136 568	-8,5%	2 334 782
1 year at most	VU	2 785 946	30,4%	2 136 568	-8,5%	2 334 782
More than one year	VV	0	0%	0	0%	0

State of loans

		30/06/2011		30/06/2010		30/06/2009
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		30/06/2011		30/06/2010		30/06/2009
Customers doubtful or disputed	VA	50 086	-26,6%	68 277	688,5%	8 659
Other claims customer	UX	1 788 157	15,5%	1 548 713	-12,8%	1 776 082
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%	8 000	0%	8 000
Social Security and other social organizations	UZ	2 037	0%	0	0%	0
Income taxes	VM	246 015	0%	0	0%	0
Value added tax	VB	4 228	-97,9%	200 574	-50,1%	401 847
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	391 075	0%	0	0%	827

Prepaid

		30/06/2011		30/06/2010		30/06/2009
Prepaid	VS	304 345	-2,1%	311 004	123,2%	139 367

State Debt

			30/06/2011		30/06/2010		30/06/2009
	Total debt (gross)	VY	1 450 012	-13,3%	1 673 323	34,4%	1 244 703
1 year at most		VZ2	1 450 012	-13,3%	1 673 323	34,4%	1 244 703
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			30/06/2011		30/06/2010		30/06/2009
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	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	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	1 154 016	8,9%	1 059 314	18,5%	893 661
1 year at most		8B2	1 154 016	8,9%	1 059 314	18,5%	893 661
More than 1 year and 5 years at most		8B3	1 154 016	8,9%	1 059 314	18,5%	893 661
	Personnel and associated accounts (gross)	8C1	106 696	-5,3%	112 660	54,0%	73 163
1 year at most		8C2	106 696	-5,3%	112 660	54,0%	73 163
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	68 120	0,4%	67 861	33,5%	50 825
1 year at most		8D2	68 120	0,4%	67 861	33,5%	50 825
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	245 449	265,1%	67 224
1 year at most		8E2	0	0%	245 449	265,1%	67 224
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	74 379	-53,4%	159 452	9,8%	145 269
1 year at most		VW2	74 379	-53,4%	159 452	9,8%	145 269
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	11 232	105,4%	5 469	-1,8%	5 569
1 year at most		VQ2	11 232	105,4%	5 469	-1,8%	5 569
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	2 036	0,0%	2 037	0%	2 037
1 year at most		VI2	2 036	0,0%	2 037	0%	2 037
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	33 530	59,1%	21 081	203,1%	6 956
1 year at most		8K2	33 530	59,1%	21 081	203,1%	6 956
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

		30/06/2011		30/06/2010		30/06/2009
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		30/06/2011		30/06/2010		30/06/2009
Dividends	ZE	0	0%	0	0%	0

Commitments

		30/06/2011		30/06/2010		30/06/2009
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		30/06/2011		30/06/2010		30/06/2009
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		30/06/2011		30/06/2010		30/06/2009
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		30/06/2011		30/06/2010		30/06/2009
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		30/06/2011		30/06/2010		30/06/2009
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		30/06/2011		30/06/2010		30/06/2009
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

Ratios
Structure and liquidity | Management or rotation | Profitability of the business | Return on capital

Structure and Liquidity

		30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Fixed Asset Financing		3,11	-28,0%	4,32	-17,1%	5,21	2,27	37,0%
Global Debt		78 days	-30,4%	112 days	33,3%	84 days	106 days	-26,4%
Working Capital Fund overall net		135 days	-45,1%	246 days	10,3%	223 days	62 days	117,7%
Financial independence		%	-	%	-	%	385,08%	-
More ratios
Solvability		70,93%	-3,7%	73,63%	-3,5%	76,28%	37,47%	89,3%
Capacity debt futures		%	-	%	-	%	1288,96%	-
Coverage of current assets by net working capital overall		68,20%	-4,6%	71,52%	-4,4%	74,81%	42,10%	62,0%
General Liquidity		1,92	50,0%	1,28	-31,9%	1,88	0,65	195,4%
Restricted Liquidity		2,44	-22,5%	3,15	-9,2%	3,47	1,06	130,2%

Management or rotation

		30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Need background in operating working capital		79 days	464,3%	14 days	-82,5%	80 days	30 days	163,3%
Treasury		40 days	-81,0%	210 days	56,7%	134 days	13 days	207,7%
Inventory turnover of goods		44 days	175,0%	16 days	-44,8%	29 days	83 days	-47,0%
Average length of credit granted to customers		99 days	-8,3%	108 days	-10,7%	121 days	49 days	102,0%
Average length of credit obtained suppliers		76 days	-20,8%	96 days	21,5%	79 days	60 days	26,7%
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	843 days	-
Rotation tangible assets		564,92%	15,9%	487,25%	-28,3%	679,13%	987,85%	-42,8%

Profitability of the business

		30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Margin trading		42,97%	-23,4%	56,11%	35,5%	41,40	36,18%	18,8%
Profitability of the business		13,87	-53,2%	29,62	64,6%	18	4,77%	190,8%
Net profit		8,80%	-70,8%	30,09%	148,1%	12,13%	2,75%	220,0%
More ratios
Growth rate of turnover (excluding VAT)		24,78%	2378,0%	1%	104,0%	-24,70%	4,05%	511,9%
Rates integration		18,98%	-47,7%	36,28%	55,4%	23,34%	25,03%	-24,2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		22,80%	34,4%	16,96%	-18,7%	20,85%	72,49%	-68,5%
Weight interests		0	0%	0,01%	0%	0,01%	0,24%	0%

Return on capital

		30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Cash flow from the overall profitability		9,70%	-68,5%	30,83%	145,3%	12,57%	3,92%	147,4%
Rates of economic profitability		26%	-23,5%	34%	41,7%	24%	17%	52,9%
Financial profitability		3537177%	-24,3%	4672032%	16,7%	4003832%	113943,50%	3004,3%
Return on investment		16,67%	-51,9%	34,64%	114,9%	16,12%	11,98%	39,1%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Turnover	6 709 407	24,8%	5 377 035	1,0%	5 323 655	735 792 €	811,9%

Sales of goods	6 647 656	29,4%	5 136 774	0,8%	5 097 875
- Purchase of goods	4 134 239	108,8%	1 979 737	14,0%	1 736 416
+/- Stock of goods variation	-369 860	-364,5%	139 860	-87,9%	1 157 552
Trading margin	2 883 277 €	-4,4%	3 017 177 €	36,9%	2 203 907 €	243 170,50 €	1085,7%
	42,97 % CA	-23,4%	56,11 % CA	35,5%	41,40 % CA	36,57 % CA	17,5%

Sale of goods produced	61 751	-74,3%	240 261	6,4%	225 780
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	543 592	0%	0
Period production	61 751 €	-92,1%	783 853 €	247,2%	225 780 €	11 191,50 €	451,8%
	0,92 % CA	-93,7%	14,58 % CA	243,9%	4,24 % CA	1,25 % CA	-26,4%

Trading margin	2 883 277	-4,4%	3 017 177	36,9%	2 203 907	243 170,50	1085,7%
+ Period Production	61 751	-92,1%	783 853	247,2%	225 780	11 191,50	451,8%
- Purchase of raw materials	77 375	76,3%	43 882	-20,9%	55 442
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	1 594 284	-11,7%	1 806 166	59,6%	1 131 646
Added value	1 273 369 €	-34,7%	1 950 982 €	57,0%	1 242 599 €	183 974,50 €	592,1%
	18,98 % CA	-47,7%	36,28 % CA	55,4%	23,34 % CA	25,03 % CA	-24,2%

Added value	1 273 369 €	-34,7%	1 950 982 €	57,0%	1 242 599 €	183 974,50 €	592,1%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	52 494	89,4%	27 716	9,6%	25 286
- Personal charges	290 285	-12,3%	330 831	27,7%	259 065
Gross operating surplus	930 590 €	-41,6%	1 592 435 €	66,2%	958 248 €	32 629 €	2752,0%
	13,87 % CA	-53,2%	29,62 % CA	64,6%	18,00 % CA	4,77 % CA	190,8%

Gross operating surplus	930 590 €	-41,6%	1 592 435 €	66,2%	958 248 €	32 629 €	2752,0%
+ Release of reserves and provisions	8 958	0%	0	0%	0
+ Other operating income	56	-30,9%	81	575,0%	12
- Depreciation/Amortisation	75 924	36,5%	55 628	135,8%	23 594
- Other charges	2 596	1522,5%	160	-98,0%	7 819
Operating result	861 084 €	-44,0%	1 536 728 €	65,8%	926 847 €	25 071 €	3334,6%
	12,83 % CA	-55,1%	28,58 % CA	64,2%	17,41 % CA	3,59 % CA	257,4%

Operating result	861 084 €	-44,0%	1 536 728 €	65,8%	926 847 €	25 071 €	3334,6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	7 917	-88,5%	69 089	2342,2%	2 829
- Financial charges	0	0%	664	125,1%	295
Pre-tax result	869 001 €	-45,9%	1 605 153 €	72,7%	929 381 €	23 402,50 €	3613,3%
	12,95 % CA	-56,6%	29,85 % CA	71,0%	17,46 % CA	3,49 % CA	271,1%

Extraordinary income	2 353	-99,7%	846 615	10634,3%	7 887	495	375,4%
- Extraordinary charges	0	0%	9 258	-6,9%	9 946
Extraordinary result	2 353 €	-99,7%	837 357 €	40768,1%	-2 059 €	0 €	0%
	0,04 % CA	-99,7%	15,57 % CA	39025,0%	0 % CA	0 % CA	0%

Pre-tax result	869 001 €	-45,9%	1 605 153 €	72,7%	929 381 €	23 402,50 €	3613,3%
Extraordinary result	2 353 €	-99,7%	837 357 €	40768,1%	-2 059 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	281 208	-65,9%	824 311	192,5%	281 769
Net result	590 146 €	-63,5%	1 618 199 €	150,7%	645 553 €	20 901,50 €	2723,5%
	8,80 % CA	-70,8%	30,09 % CA	148,1%	12,13 % CA	2,75 % CA	220,0%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Trends
	Profitability
	Liquidity
	Net worth

Type	Head office	Status	Economically active
	Formation Date	07/2010	Reason for formation	Formation
	Closure Date		Reason for closure
	Reactivation Date		Production Role
	Activity Nature		Activity Location
	Location surface		Seasonality

Department		Region	Centre
District		Area
City	FONTENAY SUR EURE	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> PAVES DE RUE <<<  - Commerce de gros (commerce interentreprises) d'appareils sanitaires et de produits de décoration (4673B)  in FONTENAY SUR EURE  (28630)
Secondary establishments	>  PAVES DE RUE  - Commerce de gros (commerce interentreprises) d'appareils sanitaires et de produits de décoration (4673B)  in LUISANT  (28600)

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

1 or 2 employees

Company workforce

3 to 5 employees

event history

Status history

Date	Description
01/07/2010	Economically active

Company events history

Date	Description
17/01/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
16/01/2012	Bodacc C : Deposit accounts notice
30/06/2011	New accounts available
28/02/2011	Bodacc C : Deposit accounts notice
09/09/2010	Bodacc B: Various editing or changing
25/08/2010	Updated articles of association
25/08/2010	Registered office transferred inside jurisdiction of the Commercial Court
25/08/2010	Minutes of general meeting of shareholders
21/07/2010	Legal Gazette: Head Office Transfer
02/07/2010	Legal Gazette: Appointment of the social representative
01/07/2010	Update of Company Head Office Identifier
01/07/2010	Transfer of Establishment
30/06/2010	New accounts available
01/03/2010	Bodacc C : Deposit accounts notice
30/06/2009	New accounts available
29/04/2009	Bodacc C : Deposit accounts notice
30/06/2008	New accounts available
16/04/2008	Bodacc C : Deposit accounts notice
11/03/2008	New Bodacc B ads detected
11/03/2008	Bodacc B: Various editing or changing
26/02/2008	Appointment/resignation of company officers
26/02/2008	Private document
26/02/2008	New auditor
26/02/2008	Minutes of general meeting of shareholders
10/02/2008	Application and court order
30/06/2007	New accounts available
30/06/2006	New accounts available
30/06/2005	New accounts available
22/02/2005	Appointment/resignation of company officers
22/02/2005	Acte modificatif
22/02/2005	Acte sous seing privé
22/02/2005	Private document
22/02/2005	PV d'Assemblée
22/02/2005	Nomination/démission des organes de gestion
22/02/2005	Minutes of general meeting of shareholders
30/06/2004	New accounts available
30/06/2003	New accounts available
24/07/1998	Acte sous seing privé
24/07/1998	Acte modificatif
24/07/1998	Formation de Société
24/07/1998	Statuts

Establishment events history

Date	Description
17/01/2012	Update Limit
17/01/2012	Update Rating
28/06/2011	Update of phone numbers
17/02/2011	Update Limit
27/08/2010	Update Rating
01/07/2010	Formation of Head office (after transfer)

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.77
UK Pound	1	Rs.86.74
Euro	1	Rs.68.31

INFORMATION DETAILS

Report Prepared by :

PDT

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.