MIRA INFORM REPORT

Report Date :

07.08.2012

IDENTIFICATION DETAILS

Correct Name :	SELECT
Registered Office :	11 Rue Leon Jouhaux, 75010 Paris 10
Country :	France
Financials (as on) :	31.07.2010
Date of Incorporation :	June 1997
Com. Reg. No.:	RCS Paris 9 412 577 736
Legal Form :	Limited Liability Company
Line of Business :	Wholesale business of other household goods
No. of Employees :	03 to 05 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES:

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

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

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
France	A2	A2

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

REGISTERED NAME & COMPANY SUMMARY

Name

SELECT

company summary

Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z) (Wholesale business of other household goods (4649Z))	Legal form	Limited Liability Company
Phone	01 40 40 99 44	RCS Registration	RCS Paris 9 412 577 736
Fax		Share capital	7,622 Euros
Address	SELECT 11 RUE LEON JOUHAUX 75010 PARIS 10	Incorporated Date	06/1997
Nationality	France	Status	Economically active

Last published preferential right

This company is not under monitoring

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques  (4649Z)
RCS Registration	RCS Paris 9 412 577 736	Share capital	7,622 Euros
Registration Court	Paris (75)	Legal form	Limited Liability Company
Court Registry Number	19 9 7B087	EU VAT Number	FR28412577736
Incorporation Date	06/1997	Formation Date	06/1997
Deregistration Date		Last account Date	31/07/2010
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques  (4649Z)	Business Pages FT®	TAPI ORIENT ARTISANAT
Postal Address	SELECT 11 RUE LEON JOUHAUX 75010 PARIS 10	Trading Address	11 RUE LEON JOUHAUX 75010 PARIS 10
Telephone	01 40 40 99 44
Fax

Type	Head office	Status	Economically active
Formation Date	01/2009	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Paris (75)	Region	Ile-de-France
District		Area
City	PARIS 10	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> SELECT <<<  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in PARIS 10  (75010)
Secondary establishments	>  SELECT  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in PARIS 10  (75010)

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

WorkforcAes

Workforce at address

Workforce unknown

Company workforce

3 to 5 employees

DIRECTORS/MANAGEMENT

Current Directors

1

directors

Name	M. JADAT JEAN-PIERRE
Manager position	Gérant	Date of birth	14/12/1956
Place of birth	GRASSE (06130)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Gérant	M ROBERT JADAT

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

7,622 Euros

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

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

Linkages

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

FINANCIAL INFORMATION

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/07/2010	31/07/2009	31/07/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	23/11/2010	24/11/2010	02/11/2009
Activity Code	4649Z	4649Z	4649Z
Employees	0	0	0

Active account

Annual Accounts	31/07/2010		31/07/2009		31/07/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	11 744	3,7%	11 323	170,9%	4 180	19 248	-39,0%
- Intangible assets	296	0%	296	0%	296	0	0%
- Tangible assets	0	0%	0	0%	0	4 826	0%
- Financial assets	11 744	3,7%	11 323	170,9%	4 180	1 232	853,2%
Net current assets	2 955 142	9,4%	2 700 700	5,8%	2 552 568	192 366	1436,2%
- Stocks	2 116 767	12,1%	1 887 974	4,2%	1 812 398	36 619	5680,5%
- Advanced payments	0	9,4%	0	0%	0	0	0%
- Receivables	817 892	5,7%	773 719	4,7%	739 198	60 706	1247,3%
- Securities and cash	20 483	-47,5%	39 007	3913,1%	972	25 027,50	-18,2%
- Prepaid expenses	-	-	-	-	-	70	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	2 966 887	9,4%	2 712 023	6,1%	2 556 747	239 832,50	1137,1%

Passive Account

Annual Accounts	31/07/2010		31/07/2009		31/07/2008	Sector Median 2010
Shareholders' equity	1 323 145	14,8%	1 152 291	4,8%	1 099 306	68 166	1841,1%
Share capital	7 622	0%	7 622	0%	7 622	10 000	-23,8%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1 643 741	5,4%	1 559 731	7,0%	1 457 440	144 852	1034,8%
- Financial liabilities	205 650	-54,0%	446 616	-5,2%	470 987	16 859	1119,8%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	1 393 975	29,7%	1 075 046	16,2%	925 183	41 862	3229,9%
- Tax and social liabilities	44 116	15,9%	38 069	-37,9%	61 270	33 425	32,0%
- Other debts and fixed assets liabilities	0	0%	0	0%	0	4 606	0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	2 966 887	9,4%	2 712 023	6,1%	2 556 747	240 099	1135,7%

Results

Annual Accounts	31/07/2010		31/07/2009		31/07/2008	Sector Median 2010
Sales of Goods	1 952 455	4,7%	1 864 106	-8,3%	2 032 986	359 253,50	443,5%
Net turnover	1 952 455	4,7%	1 864 106	-8,3%	2 032 986	350 364,50	457,3%
- of which net export turnover	12 409	-8,5%	13 567	9,1%	12 441	0	0%
Operating charges	1 730 139	5,0%	1 647 376	-7,6%	1 782 958	348 173,50	396,9%
Operating profit/loss	222 316	2,6%	216 730	-13,3%	250 028	7 475,50	2873,9%
Financial income	73 819	21,8%	60 621	-49,4%	119 871	15	492026,7%
Financial charges	46 564	-23,6%	60 972	51,6%	40 213	842	5430,2%
Financial profit/loss	27 255	7865,0%	-351	-100,4%	79 658	-240,50	11432,6%
Pretax net operating income	249 571	15,3%	216 379	-34,4%	329 686	6 487	3747,2%
Extraordinary income	2 008	-38,6%	3 271	-10,6%	3 657	02	100300%
Extraordinary charges	5 574	8609,4%	64	-98,7%	5 026	150	3616,0%
Extraordinary profit/loss	-3 566	5227,5%	3 207	334,3%	-1 369	0	0%
Net result	170 854	11,7%	152 985	-32,3%	225 934	6 201,50	2655,0%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/07/2010	31/07/2009	31/07/2008
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/07/2010		31/07/2009		31/07/2008
	Grand Total (I to VI)	Net	2 966 887	9,4%	2 712 023	6,1%	2 556 747
	Gross	CO	2 967 566	9,4%	2 712 702	6,1%	2 557 426
	Amortisation	1A	679	0%	679	0%	679

Non declared distributed capital (I)

		31/07/2010		31/07/2009		31/07/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

			31/07/2010		31/07/2009		31/07/2008
	Total Active fixed asset (II)	Net	11 744	3,7%	11 323	170,9%	4 180
	Gross	BJ	12 423	3,5%	12 002	147,0%	4 859
	Amortisation	BK	679	0%	679	0%	679

Intangilble fixed assets

			31/07/2010		31/07/2009		31/07/2008
	Start-up cost	Net	296	0%	296	0%	296
	Gross	AB	296	0%	296	0%	296
	Amortisation	AC	296	0%	296	0%	296
	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	0	0%	0	0%	0
	Gross	AF	0	0%	0	0%	0
	Amortisation	AG	0	0%	0	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	296	0%	296	0%	296

Tangilble fixed assets

			31/07/2010		31/07/2009		31/07/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	0	0%	0	0%	0
	Gross	AR	0	0%	0	0%	0
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	0	0%	0	0%	0
	Gross	AT	383	0%	383	0%	383
	Amortisation	AU	383	0%	383	0%	383
	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	0		0		0

Financial assets

			31/07/2010		31/07/2009		31/07/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	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	11 744	3,7%	11 323	170,9%	4 180
	Gross	BH	11 744	3,7%	11 323	170,9%	4 180
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		11 744		11 323		4 180

Current Assets (III)

			31/07/2010		31/07/2009		31/07/2008
	Total Assets	Net	2 955 142	9,4%	2 700 700	5,8%	2 552 568
	Gross	CJ	2 955 142	9,4%	2 700 700	5,8%	2 552 568
	Amortisation	CK	0	0%	0	0%	0

Stocks

			31/07/2010		31/07/2009		31/07/2008
	Raw materials	Net	0	0%	0	0%	0
	Gross	BL	0	0%	0	0%	0
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	2 116 767	12,1%	1 887 974	4,2%	1 812 398
	Gross	BT	2 116 767	12,1%	1 887 974	4,2%	1 812 398
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	2 116 767	12,1%	1 887 974	4,2%	1 812 398

Advance payments to suppliers

			31/07/2010		31/07/2009		31/07/2008
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/07/2010		31/07/2009		31/07/2008
	Trade accounts receivable	Net	780 351	5,8%	737 710	0,1%	736 631
	Gross	BX	780 351	5,8%	737 710	0,1%	736 631
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	37 541	4,3%	36 009	1302,8%	2 567
	Gross	BZ	37 541	4,3%	36 009	1302,8%	2 567
	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	817 892	5,7%	773 719	4,7%	739 198

Divers

			31/07/2010		31/07/2009		31/07/2008
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	20 483	-47,5%	39 007	3913,1%	972
	Gross	CF	20 483	-47,5%	39 007	3913,1%	972
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	20 483	-47,5%	39 007	3913,1%	972

Prepaid expenses

			31/07/2010		31/07/2009		31/07/2008
	Prepaid expenses	Net	0	0%	0	0%	0
	Gross	CH	0	0%	0	0%	0
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/07/2010		31/07/2009		31/07/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		31/07/2010		31/07/2009		31/07/2008
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

References

		31/07/2010		31/07/2009		31/07/2008
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive
Other capital resources | Provisions for risks and charges | Liabilities | Translation loss | Equalization accounts | References

Grand Total - Passive Accounts (I to IV)

		31/07/2010		31/07/2009		31/07/2008
Grand Total (I to V)	EE	2 966 887	9,4%	2 712 023	6,1%	2 556 747

Shareholder Equity (I)

			31/07/2010		31/07/2009		31/07/2008
	Total shareholders' equity (Total I)	DL	1 323 145	14,8%	1 152 291	4,8%	1 099 306
	Equity and shareholders' equity	DA	7 622	0%	7 622	0%	7 622
	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	762	0%	762	0%	762
	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	1 143 907	15,4%	990 922	14,6%	864 988
	Profit or loss for the period	DI	170 854	11,7%	152 985	-32,3%	225 934
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/07/2010		31/07/2009		31/07/2008
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/07/2010		31/07/2009		31/07/2008
	Total provisions for risks and charges (Total III)	DR	0	0%	0	0%	0
	Risk provisions	DP	0	0%	0	0%	0
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/07/2010		31/07/2009		31/07/2008
	Total Liabilities (Total IV)	EC	1 643 741	5,4%	1 559 731	7,0%	1 457 440
	Convertible debentures	DS	22 637	-56,4%	51 886	-35,2%	80 102
	Other debentures	DT	0	0%	0	0%	150 000
	Bank loans and liabilities	DU	9 196	-94,5%	167 480	153,9%	65 970
	Sundry loans and financial liabilities	DV	173 817	-23,5%	227 250	29,9%	174 915
	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	1 393 975	29,7%	1 075 046	16,2%	925 183
	Tax and social security liabilities	DY	44 116	15,9%	38 069	-37,9%	61 270
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	0	0%	0	0%	0

Translation loss (V)

		31/07/2010		31/07/2009		31/07/2008
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/07/2010		31/07/2009		31/07/2008
Deferred income	EB	0	0%	0	0%	0

References

		31/07/2010		31/07/2009		31/07/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	1 643 741	6,1%	1 549 595	23,4%	1 255 555
Of which current bank facilities	EH	9 196	-94,5%	167 480	153,9%	65 970

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)

		31/07/2010		31/07/2009		31/07/2008
Operating result (Total I-II)	GG	222 316	2,6%	216 730	-13,3%	250 028

2 - Financial result (V - VI)

		31/07/2010		31/07/2009		31/07/2008
Financial result (Total V-VI)	GV	27 255	7865,0%	-351	-100,4%	79 658

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

		31/07/2010		31/07/2009		31/07/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	249 571	15,3%	216 379	-34,4%	329 686

4 - Extraordinary result (VII-VIII)

		31/07/2010		31/07/2009		31/07/2008
Extraordinary result (Total VII-VIII)	HI	-3 566	-211,2%	3 207	334,3%	-1 369

Profit or loss

		31/07/2010		31/07/2009		31/07/2008
Profit or loss	HN	170 854	11,7%	152 985	-32,3%	225 934

Total Income (I+III+V+VII)

		31/07/2010		31/07/2009		31/07/2008
Total Income (I+III+V+VII)	HL	2 028 282	5,2%	1 927 998	-10,6%	2 156 514

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

		31/07/2010		31/07/2009		31/07/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	1 857 428	4,6%	1 775 015	-8,1%	1 930 580

Operating income (I)

		31/07/2010		31/07/2009		31/07/2008
Total operating income (Total I)	FR	1 952 455	4,7%	1 864 106	-8,3%	2 032 986

Operating income (details)

			31/07/2010		31/07/2009		31/07/2008
	Sale of goods for resale	FC	1 938 410	4,1%	1 861 332	-8,4%	2 032 986
	France	FA	1 926 001	4,2%	1 847 765	-8,6%	2 020 545
	Export	FB	12 409	-8,5%	13 567	9,1%	12 441
	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	14 045	406,3%	2 774	0%	0
	France	FG	14 045	406,3%	2 774	0%	0
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	1 952 455	4,7%	1 864 106	-8,3%	2 032 986
	France	FJ	1 940 046	4,8%	1 850 539	-8,4%	2 020 545
	Export	FK	12 409	-8,5%	13 567	9,1%	12 441
	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	0	0%	0	0%	0
	Other income	FQ	0	0%	0	0%	0

Operating charges (II)

		31/07/2010		31/07/2009		31/07/2008
Total operating charges (Total II)	GF	1 730 139	5,0%	1 647 376	-7,6%	1 782 958

Exploitation charges

		31/07/2010		31/07/2009		31/07/2008
Purchase of goods for resale	FS	1 527 693	13,2%	1 349 848	-9,6%	1 492 641
Change in stocks of goods for resale	FT	-228 793	-202,7%	-75 576	8,8%	-82 871
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	111 941	32,7%	84 341	19,9%	70 335
Tax, duty and similar payments	FX	58 584	-0,6%	58 947	-17,3%	71 283
Payroll	FY	185 022	22,8%	150 715	-8,8%	165 332
Social security costs	FZ	75 692	-4,3%	79 101	19,4%	66 238

Depreciation

		31/07/2010		31/07/2009		31/07/2008
Depreciation of fixed assets	GA	0	0%	0	0%	0
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/07/2010		31/07/2009		31/07/2008
Other charges	GE	0	0%	0	0%	0

Operating charges (III-IV)

		31/07/2010		31/07/2009		31/07/2008
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/07/2010		31/07/2009		31/07/2008
	Total financial income (Total V)	GP	73 819	21,8%	60 621	-49,4%	119 871
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	0	0%	2 397	-57,1%	5 590
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	73 819	26,8%	58 224	-49,1%	114 281
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/07/2010		31/07/2009		31/07/2008
	Total financial charge (Total VI)	GU	46 564	-23,6%	60 972	51,6%	40 213
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	22 037	-32,3%	32 535	-19,1%	40 213
	Exchange losses	GS	24 527	-13,7%	28 437	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/07/2010		31/07/2009		31/07/2008
	Total extraordinary income (Total VII)	HD	2 008	-38,6%	3 271	-10,6%	3 657
	Extraordinary operating income	HA	2 008	-38,6%	3 271	-10,6%	3 657
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/07/2010		31/07/2009		31/07/2008
	Total extraordinary charges (Total VIII)	HH	5 574	8609,4%	64	-98,7%	5 026
	Extraordinary operating charges	HE	5 574	8609,4%	64	-98,7%	5 026
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/07/2010		31/07/2009		31/07/2008
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/07/2010		31/07/2009		31/07/2008
Tax on profits (Total X)	HK	75 151	12,8%	66 603	-34,9%	102 383

References

		31/07/2010		31/07/2009		31/07/2008
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	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)

			31/07/2010		31/07/2009		31/07/2008
	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%	0	0%	0
	Decreasess by transfers	OK2	0	0%	0	0%	0
	Gross value at the end of period	OL	12 423	3,5%	12 001	147,0%	4 859

Research and development Charge (Total I)

			31/07/2010		31/07/2009		31/07/2008
	Gross value at begin of period	CZ	296	0%	296	0%	296
	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	296	0%	296	0%	296

Other budget item from Intangible fixed assets (Total II)

			31/07/2010		31/07/2009		31/07/2008
	Gross value at begin of period	KD	0	0%	0	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	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	0	0%	0	0%	0

Tangible fixed assets (Total III)

			31/07/2010		31/07/2009		31/07/2008
	Gross value at begin of period	LN	383	0%	383	0%	383
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	383	0%	383	0%	383

Fiancial assets (Total IV)

			31/07/2010		31/07/2009		31/07/2008
	Gross value at begin of period	LQ	11 323	170,9%	4 180	4,8%	3 988
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	422	-94,1%	7 143	3620,3%	192
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	11 745	3,7%	11 323	170,9%	4 180

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

			31/07/2010		31/07/2009		31/07/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/07/2010		31/07/2009		31/07/2008
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/07/2010		31/07/2009		31/07/2008
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	0
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0	0%	0

Total fixed assets amotisation (Total III)

			31/07/2010		31/07/2009		31/07/2008
	Reserve for depreciation value at begin of period	QU	383	0%	383	0%	383
Increases		QV	0	0%	0	0%	0
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	383	0%	383	0%	383

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

			31/07/2010		31/07/2009		31/07/2008
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/07/2010		31/07/2009		31/07/2008
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	296	0%	296	0%	296
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/07/2010		31/07/2009		31/07/2008
	Value at begining of period	7C	0	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	0

Includes Total allocations

Operating	UE	0	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			31/07/2010		31/07/2009		31/07/2008
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/07/2010		31/07/2009		31/07/2008
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/07/2010		31/07/2009		31/07/2008
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/07/2010		31/07/2009		31/07/2008
Gross value	VT	829 637	5,7%	785 042	5,6%	743 377
1 year at most	VU	817 893	5,7%	773 719	4,1%	743 377
More than one year	VV	11 744	3,7%	11 323	0%	0

State of loans

		31/07/2010		31/07/2009		31/07/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	11 744	3,7%	11 323	170,9%	4 180
Other financial assets (1 year at most)	UV	0	0%	0	0%	4 180

Receivables statement of assets

		31/07/2010		31/07/2009		31/07/2008
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	780 351	5,8%	737 710	0,1%	736 631
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%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	35 742	0%	0
Value added tax	VB	37 541	13960,3%	267	-89,6%	2 567
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	0	0%	0	0%	0

Prepaid

		31/07/2010		31/07/2009		31/07/2008
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/07/2010		31/07/2009		31/07/2008
	Total debt (gross)	VY	1 643 741	5,4%	1 559 732	7,0%	1 457 441
1 year at most		VZ2	1 643 741	6,1%	1 549 596	23,4%	1 255 555
More than 1 year and 5 years at most		VZ3	0	0%	10 136	-95,0%	201 886
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/07/2010		31/07/2009		31/07/2008
	Convertible bonds (gross)	7Y1	22 637	-56,4%	51 886	-35,2%	80 102
1 year at most		7Y2	22 637	-45,8%	41 750	48,0%	28 216
More than 1 year and 5 years at most		7Y3	0	0%	10 136	-80,5%	51 886
	Other bonds (gross)	7Z1	0	0%	0	0%	150 000
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	150 000
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	9 196	-94,5%	167 480	153,9%	65 970
1 year at most		VG2	9 196	-94,5%	167 480	153,9%	65 970
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%	17 654	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	1 393 975	29,7%	1 075 046	16,2%	925 183
1 year at most		8B2	1 393 975	29,7%	1 075 046	16,2%	925 183
More than 1 year and 5 years at most		8B3	1 393 975	29,7%	1 075 046	16,2%	925 183
	Personnel and associated accounts (gross)	8C1	18 880	0%	0	0%	19 894
1 year at most		8C2	18 880	6,9%	17 654	-11,3%	19 894
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	16 687	19,6%	13 947	-9,6%	15 433
1 year at most		8D2	16 687	19,6%	13 947	-9,6%	15 433
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	8 549	0%	0	0%	13 179
1 year at most		8E2	8 549	0%	0	0%	13 179
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	6 468	-36,6%	10 196
1 year at most		VW2	0	0%	6 468	-36,6%	10 196
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	0	0%	0	0%	2 568
1 year at most		VQ2	0	0%	0	0%	2 568
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	173 817	-23,5%	227 250	29,9%	174 915
1 year at most		VI2	173 817	-23,5%	227 250	29,9%	174 915
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	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
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

		31/07/2010		31/07/2009		31/07/2008
Loans made during the period	VJ	0	0%	0	0%	150 000
Debt repaid during the period	VK	29 249	-83,6%	178 216	554,7%	27 220

Table allocation results and other information
Dividends distributed

		31/07/2010		31/07/2009		31/07/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/07/2010		31/07/2009		31/07/2008
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/07/2010		31/07/2009		31/07/2008
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/07/2010		31/07/2009		31/07/2008
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/07/2010		31/07/2009		31/07/2008
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/07/2010		31/07/2009		31/07/2008
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		31/07/2010		31/07/2009		31/07/2008
Groups and Shareholders	ZR	0	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

		31/07/2010		31/07/2009		31/07/2008	Sector Median 2010
Fixed Asset Financing		122,38	2,6%	119,32	-61,5%	309,73	2,57	4661,9%
Global Debt		303 days	0,7%	301 days	16,7%	258 days	128 days	136,7%
Working Capital Fund overall net		278 days	1,5%	274 days	3,0%	266 days	69 days	302,9%
Financial independence		4155,59%	691,3%	525,15%	41,5%	371,20%	402,11%	933,4%
More ratios
Solvability		44,60%	5,0%	42,49%	-1,2%	43%	33,46%	33,3%
Capacity debt futures		14388,27%	2211,7%	622,41%	-62,6%	1666,37%	969,76%	1383,7%
Coverage of current assets by net working capital overall		51,02%	-3,0%	52,58%	-10,5%	58,77%	42,52%	20,0%
General Liquidity		0,50	0%	0,50	-15,3%	0,59	0,57	-12,3%
Restricted Liquidity		0,51	-1,9%	0,52	-11,9%	0,59	0,95	-46,3%

Management or rotation

		31/07/2010		31/07/2009		31/07/2008	Sector Median 2010
Need background in operating working capital		276 days	-7,7%	299 days	7,9%	277 days	29 days	851,7%
Treasury		2 days	108,0%	-25 days	-108,3%	-12 days	10 days	-80,0%
Inventory turnover of goods		587 days	10,1%	533 days	15,1%	463 days	95 days	517,9%
Average length of credit granted to customers		144 days	1,4%	142 days	9,2%	130 days	44 days	227,3%
Average length of credit obtained suppliers		356 days	24,9%	285 days	26,7%	225 days	57 days	524,6%
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	1166 days	-
Rotation tangible assets		509779,37%	4,7%	486711,75%	-8,3%	530805,74%	1362,12%	37325,4%

Profitability of the business

		31/07/2010		31/07/2009		31/07/2008	Sector Median 2010
Margin trading		32,75%	4,0%	31,49%	2,7%	30,66	32,73%	0,1%
Profitability of the business		11,39	-2,1%	11,63	-5,4%	12,30	3,36%	239,0%
Net profit		8,75%	6,6%	8,21%	-26,1%	11,11%	1,81%	383,4%
More ratios
Growth rate of turnover (excluding VAT)		4,74%	157,0%	-8,31%	-344,4%	3,40%	0,20%	2270,0%
Rates integration		27,74%	2,3%	27,12%	-0,3%	27,20%	20,97%	32,3%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		48,14%	5,9%	45,46%	8,5%	41,88%	68,22%	-29,4%
Weight interests		2,38	-27,2%	3,27%	65,2%	1,98%	0,26%	815,4%

Return on capital

		31/07/2010		31/07/2009		31/07/2008	Sector Median 2010
Cash flow from the overall profitability		8,75%	6,6%	8,21%	-26,1%	11,11%	2,68%	226,5%
Rates of economic profitability		15%	7,1%	14%	-12,5%	16%	12%	25,0%
Financial profitability		1323145%	14,8%	1152291%	4,8%	1099306%	43300%	2955,8%
Return on investment		14,22%	6,3%	13,38%	-21,1%	16,95%	9,25%	53,7%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/07/2010		31/07/2009		31/07/2008	Sector Median 2010
Turnover	1 952 455	4,7%	1 864 106	-8,3%	2 032 986	350 364 €	457,3%

Sales of goods	1 938 410	4,1%	1 861 332	-8,4%	2 032 986
- Purchase of goods	1 527 693	13,2%	1 349 848	-9,6%	1 492 641
+/- Stock of goods variation	-228 793	-202,7%	-75 576	8,8%	-82 871
Trading margin	639 510 €	8,9%	587 060 €	-5,8%	623 216 €	96 210,50 €	564,7%
	32,75 % CA	4,0%	31,49 % CA	2,7%	30,66 % CA	33,80 % CA	-3,1%

Sale of goods produced	14 045	406,3%	2 774	0%	0
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	14 045 €	406,3%	2 774 €	0%	0 €	7 526,50 €	86,6%
	0,72 % CA	380,0%	0,15 % CA	0%	0,00 % CA	2,39 % CA	-69,9%

Trading margin	639 510	8,9%	587 060	-5,8%	623 216	96 210,50	564,7%
+ Period Production	14 045	406,3%	2 774	0%	0	7 526,50	86,6%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	111 941	32,7%	84 341	19,9%	70 335
Added value	541 614 €	7,1%	505 493 €	-8,6%	552 881 €	80 948 €	569,1%
	27,74 % CA	2,3%	27,12 % CA	-0,3%	27,20 % CA	20,97 % CA	32,3%

Added value	541 614 €	7,1%	505 493 €	-8,6%	552 881 €	80 948 €	569,1%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	58 584	-0,6%	58 947	-17,3%	71 283
- Personal charges	260 714	13,4%	229 816	-0,8%	231 570
Gross operating surplus	222 316 €	2,6%	216 730 €	-13,3%	250 028 €	10 075 €	2106,6%
	11,39 % CA	-2,1%	11,63 % CA	-5,4%	12,30 % CA	3,36 % CA	239,0%

Gross operating surplus	222 316 €	2,6%	216 730 €	-13,3%	250 028 €	10 075 €	2106,6%
+ Release of reserves and provisions	0	0%	0	0%	0
+ Other operating income	0	0%	0	0%	0
- Depreciation/Amortisation	0	0%	0	0%	0
- Other charges	0	0%	0	0%	0
Operating result	222 316 €	2,6%	216 730 €	-13,3%	250 028 €	7 475,50 €	2873,9%
	11,39 % CA	-2,1%	11,63 % CA	-5,4%	12,30 % CA	2,40 % CA	374,6%

Operating result	222 316 €	2,6%	216 730 €	-13,3%	250 028 €	7 475,50 €	2873,9%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	73 819	21,8%	60 621	-49,4%	119 871
- Financial charges	46 564	-23,6%	60 972	51,6%	40 213
Pre-tax result	249 571 €	15,3%	216 379 €	-34,4%	329 686 €	6 448,50 €	3770,2%
	12,78 % CA	10,1%	11,61 % CA	-28,4%	16,22 % CA	2,03 % CA	529,6%

Extraordinary income	2 008	-38,6%	3 271	-10,6%	3 657	02	100300%
- Extraordinary charges	5 574	8609,4%	64	-98,7%	5 026
Extraordinary result	-3 566 €	-211,2%	3 207 €	334,3%	-1 369 €	0 €	0%
	-0,18 % CA	-205,9%	0,17 % CA	342,9%	0 % CA	0 % CA	0%

Pre-tax result	249 571 €	15,3%	216 379 €	-34,4%	329 686 €	6 448,50 €	3770,2%
Extraordinary result	-3 566 €	-211,2%	3 207 €	334,3%	-1 369 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	75 151	12,8%	66 603	-34,9%	102 383
Net result	170 854 €	11,7%	152 983 €	-32,3%	225 934 €	6 175,50 €	2666,6%
	8,75 % CA	6,6%	8,21 % CA	-26,1%	11,11 % CA	1,81 % CA	383,4%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Trading to Date	07/31/2010	07/31/2009	07/31/2008
	Turnover	1,952,455 €	1,864,106 €	2,032,986 €
	Gross Operating Surplus	11,39 % Turnover	11,63 % Turnover	12,30 % Turnover
	Net worth	1,323,145 €	1,152,291 €	1,099,306 €
	Employees	3 to 5 employees	-	-

Trends
Profitability
Liquidity
Net worth

Commentary

The comments are arranged in decreasing order of importance

The latest balance sheet is too old

The financial result is up to 27 255 €, which is good

The company is more than 11 years old

The net result is up to 222 316 €, which is good

The company has an activity with no specific increased risk

The company only has one registered director

The non current assets are up to 11 744 €, which is correct

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

Preferential rights details and history

Status of collection

This company is not under monitoring

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
31/10/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1234 - 412 577 736 RCS Paris. SELECT. Forme : Société à responsabilité limitée. Administration : Gérant partant : Jadat, Robert, nomination du Gérant : Jadat, Jean-Pierre. Capital : 7622.45 EUR. Activité : . Adresse du siège social : 11 rue Léon Jouhaux, 75010 Paris. Commentaires : modification survenue sur l'administration.
11/10/2011	JAL	Appointment of the social representative
Affiches parisiennes (Les) Société faisant l'objet d'une nomination : 412577736 - SELECT, 11 RUE LEON JOUHAUX, 75010 PARIS 10 Nominé : Monsieur Jean-Pierre JADAT, 78170 LA CELLE ST CLOUD En la fonction de : Gérant Date d'effet : 01/07/2011
11/10/2011	JAL	Resignation / Revocation of the social representative
Affiches parisiennes (Les) Date de décision : 01/07/2011 La société 412577736 - SELECT, 11 RUE LEON JOUHAUX, 75010 PARIS 10 Fait l'objet du départ de Monsieur Robert JADAT Date d'effet : 01/07/2011
10/01/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5486 - 412577736 RCS. SELECT. Forme : Société à responsabilité limitée. Adresse : 11 R LEON JOUHAUX 75010 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2010.
21/12/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9393 - 412577736 RCS. SELECT. Forme : Société à responsabilité limitée. Adresse : 11 R LEON JOUHAUX 75010 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2009.
21/12/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6870 - 412577736 RCS. SELECT. Forme : Société à responsabilité limitée. Adresse : 11 R LEON JOUHAUX 75010 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2008.
17/06/2009	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1741 - 412 577 736 RCS Paris. SELECT. Forme : Société à responsabilité limitée. Enseigne : SELECT. Capital : 7622.45 EUR. Adresse de l’établissement principal : 11 rue Léon Jouhaux, 75010 Paris. Adresse du siège social : 11 rue Léon Jouhaux, 75010 Paris. Commentaires : modification survenue sur l'adresse du siège.
20/11/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7443 - 412577736 RCS. SELECT. Forme : Société à responsabilité limitée. Adresse : 18 rue Yves Toudic 75010 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2007.
15/12/2007	Bodacc C	Avis de dépôt des comptes
5887 - 412 577 736. RCS Paris SELECT. Forme: Société à responsabilité limitée. Adresse du siège social: 18 rue Yves Toudic 75010 Paris. Comptes annuels et rapports de l'exercice clos le: 31 juillet 2006.
17/01/2006	Bodacc C	Avis de dépôt des comptes
2847 - RCS Paris B 412 577 736. RC 97-B 8734. SELECT. Forme: S.A.R.L.. Adresse du siège social: 18, R Yves Toudic,Paris, 75010 Paris. Comptes annuels et rapports de l'exercice clos le: 31 juillet 2004.
06/07/1997	Bodacc A	Création d'établissement
RCS *. RCS Paris B 412 577 736 RC RC 97- B 8734 SELECT. Forme : S.A.R.L. Capital : 50 000 F Nom commercial: Sélect. Adresse du siège social : 18, rue Yves-Toudic 75010 Paris. Activité : import-export de tapis d'Orient. Administration : gérant : JADAT (Robert) Cette société se constitue Date de début d'activité: 18 juin 1997.

Company events history

Date	Description
31/10/2011	Bodacc B: Various editing or changing
17/10/2011	New manager
17/10/2011	Minutes of general meeting of shareholders
11/10/2011	Legal Gazette: Resignation / Revocation of the social representative
01/07/2011	Legal Gazette: Appointment of the social representative
10/01/2011	Bodacc C : Deposit accounts notice
21/12/2010	Bodacc C : Deposit accounts notice
31/07/2010	New accounts available
21/12/2009	Bodacc C : Deposit accounts notice
31/07/2009	New accounts available
17/06/2009	Bodacc B: Various editing or changing
02/06/2009	Minutes of general meeting of shareholders
02/06/2009	Private document
02/06/2009	Registered office transferred inside jurisdiction of the Commercial Court
02/06/2009	Updated articles of association
31/01/2009	Update of Company Head Office Identifier
31/01/2009	Transfer of Establishment
20/11/2008	Bodacc C : Deposit accounts notice
31/07/2008	New accounts available
31/07/2007	New accounts available
31/07/2006	New accounts available
31/07/2005	New accounts available
31/07/2004	New accounts available
31/07/2003	New accounts available
26/05/1998	Cession de parts
26/05/1998	Acte sous seing privé
26/05/1998	Statuts mis à jour
26/05/1998	PV d'Assemblée
18/06/1997	Acte sous seing privé
18/06/1997	Statuts
18/06/1997	Formation de Société

Establishment events history

Date	Description
09/06/2012	Update Limit
09/06/2012	Update Rating
19/10/2011	Update Rating
20/09/2011	Update Rating
25/11/2010	Update Rating
25/11/2010	Update Limit
04/04/2010	Update Limit
03/04/2010	Update Rating
09/01/2010	Update Rating
04/11/2009	Update Rating
04/11/2009	Update Limit
01/08/2009	Update Limit
01/08/2009	Update Rating
10/07/2009	Update of phone numbers
08/07/2009	Update Rating
08/07/2009	Update Limit
31/01/2009	Formation of Head office (after transfer)

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.47
UK Pound	1	Rs.86.60
Euro	1	Rs.68.66

INFORMATION DETAILS

Report Prepared by :

MNL

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.