MIRA INFORM REPORT

Report Date :

18.08.2012

IDENTIFICATION DETAILS

Correct Name :	INTERFIBRES
Registered Office :	5 Quai De La Saone, 76600 Le Havre
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	September 1988
Com. Reg. No.:	RCS Le Havre 8 348 459 140
Legal Form :	Simplified Joint Stock 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

company summary

Company name INTERFIBRES

Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z) (Wholesale business)of other household goods (4649Z))	Legal form	Simplified joint stock company
Phone	02 35 21 16 30	RCS Registration	RCS Le Havre 8 348 459 140
Fax		Share capital	105,000 Euros
Address	INTERFIBRES 5 QUAI DE LA SAONE 76600 LE HAVRE	Incorporated Date	11/1988
Nationality	France	Status	Economically active

Last published preferential right

This company is not under monitoring

Current Directors

1

Trading to Date	12/31/2010	12/31/2009	12/31/2008
Turnover	3,117,600 €	2,654,621 €	3,685,447 €
Gross Operating Surplus	1,72 % Turnover	3,22 % Turnover	3,10 % Turnover
Net worth	328,355 €	348,804 €	352,976 €
Employees	3 to 5 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques  (4649Z)
RCS Registration	RCS Le Havre 8 348 459 140	Share capital	105,000 Euros
Registration Court	Le Havre (76)	Legal form	Simplified joint stock company
Court Registry Number	19 8 8B003	EU VAT Number	FR90348459140
Incorporation Date	11/1988	Formation Date	09/1988
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques  (4649Z)	Business Pages FT®
Postal Address	INTERFIBRES  5 QUAI DE LA SAONE  76600 LE HAVRE	Trading Address	5 QUAI DE LA SAONE  76600 LE HAVRE
Telephone	02 35 21 16 30
Fax

Type	Head office	Status	Economically active
Formation Date	04/2010	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Haute-Normandie
District		Area
City	LE HAVRE	Size of urban area

Other establishments

Branches	1 branch entities in this company
	Head office	> INTERFIBRES <<<  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in LE HAVRE  (76600)
	Secondary establishments	>  INTERFIBRES  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in LE HAVRE  (76600)

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

Workforces

Workforce at address

3 to 5 employees

Company workforce

3 to 5 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts 

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	03/10/2011	28/10/2010	30/10/2009
Activity Code	4649Z	4649Z	4649Z
Employees	0	0	3

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	44 579	11,0%	40 155	-2,9%	41 353	19 259	131,5%
- Intangible assets	38 112	0%	38 112	0%	38 112	0	0%
- Tangible assets	3 076	1618,4%	179	-87,0%	1 377	4 824	-36,2%
- Financial assets	3 391	81,9%	1 864	0%	1 864	1 235	174,6%
Net current assets	945 128	34,1%	704 984	-22,5%	909 622	192 004	392,2%
- Stocks	227 327	8,3%	209 897	-28,6%	294 173	36 566	521,7%
- Advanced payments	0	34,1%	0	0%	0	0	0%
- Receivables	688 456	50,8%	456 592	-24,0%	600 778	60 652	1035,1%
- Securities and cash	29 345	-23,8%	38 495	162,4%	14 671	25 000	17,4%
- Prepaid expenses	-	-	-	-	-	69,50	-
Accounts of regularization	565	24,2%	455	-75,3%	1 842	0	0%
Total Assets	990 272	32,8%	745 593	-21,7%	952 817	239 478	313,5%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Shareholders' equity	328 355	-5,9%	348 804	-1,2%	352 976	68 055	382,5%
Share capital	105 000	0%	105 000	0%	105 000	10 000	950,0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	565	24,2%	455	-75,3%	1 842	0	0%
Liabilities	660 586	66,7%	396 328	-33,6%	596 981	144 654	356,7%
- Financial liabilities	857	-88,4%	7 417	-81,7%	40 478	16 846	-94,9%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	614 394	76,4%	348 278	-31,3%	506 998	41 763	1371,1%
- Tax and social liabilities	39 537	-2,4%	40 502	-16,2%	48 313	33 425	18,3%
- Other debts and fixed assets liabilities	6 564	4656,5%	138	-93,8%	2 210	4 629	41,8%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	990 273	32,8%	745 594	-21,7%	952 817	239 808	312,9%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Sales of Goods	3 118 870	17,4%	2 656 352	-27,9%	3 685 495	359 046	768,7%
Net turnover	3 117 600	17,4%	2 654 621	-28,0%	3 685 447	350 311	790,0%
- of which net export turnover	131 244	-23,4%	171 250	261,2%	47 413	0	0%
Operating charges	3 064 407	18,8%	2 580 279	-27,8%	3 573 200	348 165	780,2%
Operating profit/loss	54 463	-28,4%	76 073	-32,3%	112 295	7 432	632,8%
Financial income	1 630	-31,2%	2 368	47,0%	1 611	15	10766,7%
Financial charges	6 513	-36,9%	10 316	-78,2%	47 325	846	669,9%
Financial profit/loss	-4 883	38,6%	-7 948	82,6%	-45 715	-243	-1909,5%
Pretax net operating income	49 580	-27,2%	68 125	2,3%	66 581	6 421	672,2%
Extraordinary income	0	0%	3 442	866,9%	356	02	0%
Extraordinary charges	43	0%	0	0%	120	150	-71,3%
Extraordinary profit/loss	-43	1049,1%	3 442	1358,5%	236	0	0%
Net result	39 552	-29,2%	55 828	9,6%	50 921	6 183	539,7%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active 
Current Assets |  Equalization accounts |  Reference 

Grand Total - Passive Accounts (I to IV)

			31/12/2010		31/12/2009		31/12/2008
	Grand Total (I to VI)	Net	990 272	32,8%	745 593	-21,7%	952 817
	Gross	CO	996 753	30,4%	764 221	-21,4%	971 929
	Amortisation	1A	6 481	-65,2%	18 628	-2,5%	19 112

Non declared distributed capital (I)

		31/12/2010		31/12/2009		31/12/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2010		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	44 579	11,0%	40 155	-2,9%	41 353
	Gross	BJ	51 060	-13,1%	58 783	0%	58 783
	Amortisation	BK	6 481	-65,2%	18 628	6,9%	17 430

Intangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	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	0	0%	0	0%	0
	Gross	AF	0	0%	180	0%	180
	Amortisation	AG	0	0%	180	0%	180
	Goodwill	Net	38 112	0%	38 112	0%	38 112
	Gross	AH	38 112	0%	38 112	0%	38 112
	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	38 112	0%	38 112	0%	38 112

Tangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	0	0%	0	0%	0
	Gross	AR	0	0%	0	0%	0
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	3 076	1618,4%	179	-87,0%	1 377
	Gross	AT	9 557	-48,7%	18 627	0%	18 627
	Amortisation	AU	6 481	-64,9%	18 448	6,9%	17 250
	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	3 076		179		1 377

Financial assets

			31/12/2010		31/12/2009		31/12/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	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	616	0%	0	0%	0
	Gross	BF	616	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	2 775	48,9%	1 864	0%	1 864
	Gross	BH	2 775	48,9%	1 864	0%	1 864
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		3 391		1 864		1 864

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	945 128	34,1%	704 984	-22,5%	909 622
	Gross	CJ	945 128	34,1%	704 984	-22,6%	911 304
	Amortisation	CK	0	0%	0	0%	1 682

Stocks

			31/12/2010		31/12/2009		31/12/2008
	Raw materials	Net	0	0%	0	0%	0
	Gross	BL	0	0%	0	0%	0
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	227 327	8,3%	209 897	-28,6%	294 173
	Gross	BT	227 327	8,3%	209 897	-28,6%	294 173
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	227 327	8,3%	209 897	-28,6%	294 173

Advance payments to suppliers

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

			31/12/2010		31/12/2009		31/12/2008
	Trade accounts receivable	Net	649 155	51,2%	429 360	-22,2%	551 815
	Gross	BX	649 155	51,2%	429 360	-22,4%	553 497
	Amortisation	BY	0	0%	0	0%	1 682
	Other debtors	Net	38 267	70,7%	22 413	-44,5%	40 393
	Gross	BZ	38 267	70,7%	22 413	-44,5%	40 393
	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	687 422	52,2%	451 773	-23,7%	592 208

Divers

			31/12/2010		31/12/2009		31/12/2008
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	29 345	-23,8%	38 495	162,4%	14 671
	Gross	CF	29 345	-23,8%	38 495	162,4%	14 671
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	29 345	-23,8%	38 495	162,4%	14 671

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	1 034	-78,5%	4 819	-43,8%	8 570
	Gross	CH	1 034	-78,5%	4 819	-43,8%	8 570
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2010		31/12/2009		31/12/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	565	24,2%	455	-75,3%	1 842
Gross		565	24,2%	455	-75,3%	1 842

References

		31/12/2010		31/12/2009		31/12/2008
Due within one year	CP	3 391	81,9%	1 864	0%	1 864
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2010		31/12/2009		31/12/2008
Grand Total (I to V)	EE	990 273	32,8%	745 594	-21,7%	952 817

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	328 355	-5,9%	348 804	-1,2%	352 976
	Equity and shareholders' equity	DA	105 000	0%	105 000	0%	105 000
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	10 500	0%	10 500	0%	10 500
	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	173 303	-2,4%	177 476	-4,9%	186 554
	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	39 552	-29,2%	55 828	9,6%	50 921
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

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

Provisions for risks and charges (III)

			31/12/2010		31/12/2009		31/12/2008
	Total provisions for risks and charges (Total III)	DR	565	24,2%	455	-75,3%	1 842
	Risk provisions	DP	565	24,2%	455	-75,3%	1 842
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	660 586	66,7%	396 328	-33,6%	596 981
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	857	-88,4%	7 417	-81,6%	40 378
	Sundry loans and financial liabilities	DV	0	0%	0	0%	100
	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	614 394	76,4%	348 278	-31,3%	506 998
	Tax and social security liabilities	DY	39 537	-2,4%	40 502	-16,2%	48 313
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	5 798	4326,0%	131	-89,0%	1 191

Translation loss (V)

		31/12/2010		31/12/2009		31/12/2008
Translation loss (Total V)	ED	766	10842,9%	07	-99,3%	1 019

Equalization accounts

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

References

		31/12/2010		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	660 586	66,7%	396 328	-33,6%	596 981
Of which current bank facilities	EH	0	0%	0	0%	25 000

Display parameter
Currency	Euro	Kilo Euro

Result account 
Sales of Goods | Operating charges | Operating charges | Financial income | Financial charges | Financial charges | Extraordinary charges |Employee profit sharing | Tax on profits | References 

1- Operating result (I-II)

		31/12/2010		31/12/2009		31/12/2008
Operating result (Total I-II)	GG	54 463	-28,4%	76 073	-32,3%	112 295

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	-4 883	38,6%	-7 948	82,6%	-45 715

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

		31/12/2010		31/12/2009		31/12/2008
Pre-tax net operating income(Total I-II+II-IV+V-VI)	GW	49 580	-27,2%	68 125	2,3%	66 581

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-43	-101,2%	3 442	1358,5%	236

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	39 552	-29,2%	55 828	9,6%	50 921

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	3 120 500	17,2%	2 662 162	-27,8%	3 687 462

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

		31/12/2010		31/12/2009		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	3 080 948	18,2%	2 606 334	-28,3%	3 636 540

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	3 118 870	17,4%	2 656 352	-27,9%	3 685 495

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	3 109 977	17,4%	2 648 309	-28,0%	3 676 651
	France	FA	2 986 356	20,4%	2 480 586	-31,7%	3 629 263
	Export	FB	123 621	-26,3%	167 723	253,9%	47 388
	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	7 623	20,8%	6 312	-28,2%	8 795
	France	FG	0	0%	2 785	-68,2%	8 770
	Export	FH	7 623	116,1%	3 527	14008,0%	25
	Net turnover	FL	3 117 600	17,4%	2 654 621	-28,0%	3 685 447
	France	FJ	2 986 356	20,3%	2 483 371	-31,7%	3 638 033
	Export	FK	131 244	-23,4%	171 250	261,2%	47 413
	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	1 200	-28,7%	1 682	0%	0
	Other income	FQ	70	42,9%	49	0%	49

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	3 064 407	18,8%	2 580 279	-27,8%	3 573 200

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	2 731 932	25,6%	2 175 091	-30,1%	3 111 748
Change in stocks of goods for resale	FT	-17 430	-120,7%	84 276	30,7%	64 501
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	267 434	45,0%	184 384	-29,9%	263 169
Tax, duty and similar payments	FX	5 909	-33,8%	8 920	-36,3%	13 998
Payroll	FY	53 475	-31,8%	78 441	-0,4%	78 725
Social security costs	FZ	22 705	-40,4%	38 097	-2,3%	39 012

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	375	-68,7%	1 198	-41,0%	2 032
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

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	07	-99,9%	9 872	65713,3%	15

Operating charges (III-IV)

		31/12/2010		31/12/2009		31/12/2008
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/12/2010		31/12/2009		31/12/2008
	Total financial income (Total V)	GP	1 630	-31,2%	2 368	47,0%	1 611
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	0	0%	0	0%	0
	Released provisions and transferred charges	GM	455	-75,3%	1 842	7268,0%	25
	Exchange gains	GN	1 175	123,4%	526	-66,8%	1 586
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2010		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	6 513	-36,9%	10 316	-78,2%	47 325
	Financial reserves and provisions	GQ	565	24,2%	455	-75,3%	1 842
	Interest and similar charges	GR	3 255	-55,0%	7 237	-82,4%	41 063
	Exchange losses	GS	2 693	2,6%	2 624	-40,6%	4 421
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary income (Total VII)	HD	0	0%	3 442	866,9%	356
	Extraordinary operating income	HA	0	0%	3 442	866,9%	356
	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)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	43	0%	0	0%	120
	Extraordinary operating charges	HE	43	0%	0	0%	120
	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)

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

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	9 985	-36,6%	15 739	-1,0%	15 895

References

		31/12/2010		31/12/2009		31/12/2008
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	1 200	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2010		31/12/2009		31/12/2008
	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	12 566	0%	0	0%	13 115
	Gross value at the end of period	OL	51 060	-13,1%	58 784	0%	58 784

Research and development Charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	KD	38 292	0%	38 292	0%	38 292
	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	180	0%	0	0%	0
	Gross value at the end of period	LW	38 112	-0,5%	38 292	0%	38 292

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	18 627	0%	18 627	0%	18 627
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	3 315	0%	0	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	12 385	0%	0	0%	0
	Gross value at the end of period	NH	9 556	-48,7%	18 627	0%	18 627

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	0	0%	1 864	0%	1 864
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	3 391	0%	0	0%	13 115
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	13 115
	Gross value at the end of period	NK	3 391	81,9%	1 864	0%	1 864

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

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	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)

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

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	180	0%	180	0%	180
Increases		PF	0	0%	0	0%	0
Decreasess		PG	180	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	180	0%	180

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	18 448	6,9%	17 250	13,4%	15 218
Increases		QV	375	-68,7%	1 198	-41,0%	2 032
Decreases		QW	12 342	0%	0	0%	0
	Decreasess by budget item transfer	QX	6 481	-64,9%	18 448	6,9%	17 250

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

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2010		31/12/2009		31/12/2008
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7C	0	0%	3 524	106,3%	1 708
Increases		UB	0	0%	455	-75,3%	1 842
Decreases		UC	0	0%	3 524	13996,0%	25
	Value at the end of period	UD	0	0%	455	-87,1%	3 525

Includes Total allocations

Operating	UE	0	0%	0	0%	0
Financial	UG	0	0%	455	-75,3%	1 842
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	1 682	0%	0
Financial	UH	0	0%	1 842	7268,0%	25
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

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

Total risk and charge provisions (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	5Z	0	0%	1 842	7268,0%	25
Increases		TV	0	0%	455	-75,3%	1 842
Decreases		TW	0	0%	1 842	7268,0%	25
	Value at the end of period	TX	0	0%	455	-75,3%	1 842

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7B	0	0%	1 682	0%	1 682
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	1 682	0%	0
	Value at the end of period	UA	0	0%	0	0%	1 682

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	691 848	50,9%	458 456	-24,1%	604 324
1 year at most	VU	691 848	50,9%	458 456	-24,1%	604 324
More than one year	VV	0	0%	0	0%	0

State of loans

		31/12/2010		31/12/2009		31/12/2008
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	616	0%	0	0%	0
Loans (1 year at most)	UR	616	0%	0	0%	0
Other financial assets (gross)	UT	2 775	48,9%	1 864	0%	1 864
Other financial assets (1 year at most)	UV	2 775	48,9%	1 864	0%	1 864

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	0	0%	0	0%	4 212
Other claims customer	UX	649 155	51,2%	429 360	-21,8%	549 286
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	5 755	3565,6%	157	-99,4%	26 864
Value added tax	VB	19 833	24,7%	15 901	49,0%	10 670
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	1 448	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	12 678	158,4%	4 907	71,6%	2 860

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	1 034	-78,5%	4 819	-43,8%	8 570

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	660 586	66,7%	396 328	-33,6%	596 981
1 year at most		VZ2	660 586	66,7%	396 328	-33,6%	596 981
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2009		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	857	10,0%	779	-97,0%	26 052
1 year at most		VG2	857	10,0%	779	-97,0%	26 052
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%	6 638	-53,7%	14 326
1 year at most		VH2	0	0%	6 638	-53,7%	14 326
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	614 394	76,4%	348 278	-31,3%	506 998
1 year at most		8B2	614 394	76,4%	348 278	-31,3%	506 998
More than 1 year and 5 years at most		8B3	614 394	76,4%	348 278	-31,3%	506 998
	Personnel and associated accounts (gross)	8C1	13 539	142,7%	5 579	-38,8%	9 109
1 year at most		8C2	13 539	142,7%	5 579	-38,8%	9 109
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	12 293	-26,2%	16 653	7,4%	15 506
1 year at most		8D2	12 293	-26,2%	16 653	7,4%	15 506
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	3 045	-69,6%	10 004	507,8%	1 646
1 year at most		VW2	3 045	-69,6%	10 004	507,8%	1 646
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	10 661	29,0%	8 266	-62,5%	22 053
1 year at most		VQ2	10 661	29,0%	8 266	-62,5%	22 053
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	0	0%	0	0%	100
1 year at most		VI2	0	0%	0	0%	100
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	5 798	4326,0%	131	-89,0%	1 191
1 year at most		8K2	5 798	4326,0%	131	-89,0%	1 191
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Loans made during the period	VJ	0	0%	0	0%	360 550
Debt repaid during the period	VK	6 638	-13,7%	7 689	-97,9%	367 947

Table allocation results and other information 
Dividends distributed

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

Commitments

		31/12/2010		31/12/2009		31/12/2008
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2010		31/12/2009		31/12/2008
Subcontracting	YT	0	0%	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

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

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

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	0	0%	0	0%	03

Groups and Shareholders

		31/12/2010		31/12/2009		31/12/2008
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Fixed Asset Financing		6,59	3,3%	6,38	-3,3%	6,60	2,57	156,4%
Global Debt		76 days	40,7%	54 days	-6,9%	58 days	128 days	-40,6%
Working Capital Fund overall net		33 days	-23,3%	43 days	34,4%	32 days	69 days	-52,2%
Financial independence		38314,47%	714,7%	4702,76%	438,0%	874,18%	401,25%	9448,8%
Solvability		33,16%	-29,1%	46,78%	26,3%	37,05%	33,40%	-0,7%
Capacity debt futures		38314,47%	714,7%	4702,76%	438,0%	874,18%	968,93%	3854,3%
Coverage of current assets by net working capital overall		30,21%	-33,2%	45,21%	24,1%	36,44%	42,45%	-28,8%
General Liquidity		1,05	-9,5%	1,16	14,9%	1,01	0,57	84,2%
Restricted Liquidity		1,09	-12,8%	1,25	20,2%	1,04	0,95	14,7%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Need background in operating working capital		29 days	-21,6%	37 days	15,6%	32 days	29 days	0%
Treasury		3 days	-40,0%	5 days	600%	-1 days	10 days	-70,0%
Inventory turnover of goods		30 days	-9,1%	33 days	0%	33 days	95 days	-68,4%
Average length of credit granted to customers		75 days	29,3%	58 days	7,4%	54 days	44 days	70,5%
Average length of credit obtained suppliers		74 days	45,1%	51 days	-3,8%	53 days	57 days	29,8%
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	1175 days	-
Rotation tangible assets		32624,53%	128,9%	14251,47%	-28,0%	19785,51%	1363,12%	2293,4%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Margin trading		12,69%	-13,4%	14,65%	7,9%	13,58	32,73%	-61,2%
Profitability of the business		1,72	-46,6%	3,22	3,9%	3,10	3,35%	-48,7%
Net profit		1,27%	-39,5%	2,10%	52,2%	1,38%	1,81%	-29,8%
Growth rate of turnover (excluding VAT)		17,44%	162,4%	-27,97%	-98,7%	-14,08%	0,19%	9078,9%
Rates integration		4,35%	-45,2%	7,94%	18,9%	6,68%	20,95%	-79,2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		56,15%	1,6%	55,27%	15,5%	47,85%	68,20%	-17,7%
Weight interests		0,21	-46,2%	0,39%	-69,5%	1,28%	0,26%	-19,2%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Cash flow from the overall profitability		1,30%	-36,0%	2,03%	36,2%	1,49%	2,68%	-51,5%
Rates of economic profitability		16%	-33,3%	24%	-17,2%	29%	12%	33,3%
Financial profitability		328355%	-5,9%	348804%	-1,2%	352976%	43178%	660,5%
Return on investment		13,99%	-24,7%	18,57%	-25,6%	24,97%	9,25%	51,2%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Turnover	3 117 600	17,4%	2 654 621	-28,0%	3 685 447	350 311 €	790,0%

Sales of goods	3 109 977	17,4%	2 648 309	-28,0%	3 676 651
- Purchase of goods	2 731 932	25,6%	2 175 091	-30,1%	3 111 748
+/- Stock of goods variation	-17 430	-120,7%	84 276	30,7%	64 501
Trading margin	395 475 €	1,7%	388 942 €	-22,3%	500 402 €	96 353 €	310,4%
	12,69 % CA	-13,4%	14,65 % CA	7,9%	13,58 % CA	33,80 % CA	-62,5%

Sale of goods produced	7 623	20,8%	6 312	-28,2%	8 795
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	7 623 €	20,8%	6 312 €	-28,2%	8 795 €	7 525 €	1,3%
	0,24 % CA	0%	0,24 % CA	0%	0,24 % CA	2,40 % CA	-90,0%

Trading margin	395 475	1,7%	388 942	-22,3%	500 402	96 353	310,4%
+ Period Production	7 623	20,8%	6 312	-28,2%	8 795	7 525	1,3%
- 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	267 434	45,0%	184 384	-29,9%	263 169
Added value	135 664 €	-35,7%	210 870 €	-14,3%	246 028 €	80 788 €	67,9%
	4,35 % CA	-45,2%	7,94 % CA	18,9%	6,68 % CA	20,95 % CA	-79,2%

Added value	135 664 €	-35,7%	210 870 €	-14,3%	246 028 €	80 788 €	67,9%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	5 909	-33,8%	8 920	-36,3%	13 998
- Personal charges	76 180	-34,6%	116 538	-1,0%	117 737
Gross operating surplus	53 575 €	-37,3%	85 412 €	-25,3%	114 293 €	10 067 €	432,2%
	1,72 % CA	-46,6%	3,22 % CA	3,9%	3,10 % CA	3,35 % CA	-48,7%

Gross operating surplus	53 575 €	-37,3%	85 412 €	-25,3%	114 293 €	10 067 €	432,2%
+ Release of reserves and provisions	1 200	-28,7%	1 682	0%	0
+ Other operating income	70	42,9%	49	0%	49
- Depreciation/Amortisation	375	-68,7%	1 198	-41,0%	2 032
- Other charges	07	-99,9%	9 872	65713,3%	15
Operating result	54 463 €	-28,4%	76 073 €	-32,3%	112 295 €	7 432 €	632,8%
	1,75 % CA	-39,0%	2,87 % CA	-5,9%	3,05 % CA	2,39 % CA	-26,8%

Operating result	54 463 €	-28,4%	76 073 €	-32,3%	112 295 €	7 432 €	632,8%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	1 630	-31,2%	2 368	47,0%	1 611
- Financial charges	6 513	-36,9%	10 316	-78,2%	47 325
Pre-tax result	49 580 €	-27,2%	68 125 €	2,3%	66 581 €	6 397 €	675,1%
	1,59 % CA	-38,1%	2,57 % CA	42,0%	1,81 % CA	2,01 % CA	-20,9%

Extraordinary income	0	0%	3 442	866,9%	356	02	0%
- Extraordinary charges	43	0%	0	0%	120
Extraordinary result	-43 €	-101,2%	3 442 €	1358,5%	236 €	0 €	0%
	0,00 % CA	0%	0,13 % CA	1200%	0 % CA	0 % CA	0%

Pre-tax result	49 580 €	-27,2%	68 125 €	2,3%	66 581 €	6 397 €	675,1%
Extraordinary result	-43 €	-101,2%	3 442 €	1358,5%	236 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	9 985	-36,6%	15 739	-1,0%	15 895
Net result	39 552 €	-29,2%	55 828 €	9,6%	50 922 €	6 159 €	542,2%
	1,27 % CA	-39,5%	2,10 % CA	52,2%	1,38 % CA	1,80 % CA	-29,4%

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

Group data

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

Linkages

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

event history

Status history

Date	Description
01/04/2010	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
22/11/2010	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 9689 - 348459140 RCS. INTERFIBRES. Forme : Société par actions simplifiée. Adresse : 5 quai de la Saône 76600 Le Havre.Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
24/06/2010	Bodacc B	Modification et mutation diverse
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 2350 - 348 459 140 RCS Le Havre. INTERFIBRES. Forme : Société par actions simplifiée. Adresse de l’établissement principal : 5 quai de la Saône, 76600 Le Havre.  Adresse du siège social : 5 quai de la Saône, 76600 Le Havre.  Commentaires : Transfert de l'établissement principal, transfert du siège social.
18/06/2010	JAL	Head Office Transfer
LE COURRIER CAUCHOIS Date de décision : 25/05/2010 Transfert du siège social de la société 348459140 -  INTERFIBRES  Adresse du nouveau siège : 5 QUAI DE LA SAONE, 76600 LE HAVRE Ancienne localisation : 115 BD DE STRASBOURG, 76600 LE HAVRE
03/12/2009	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 7685 - 348459140 RCS. INTERFIBRES. Forme : Société par actions simplifiée. Adresse : 115 boulevard de Strasbourg 76600 Le Havre. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
16/10/2008	Bodacc C	Comptes annuels et rapports
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DU HAVRE 5754 - 348459140 RCS. INTERFIBRES. Forme : Société par actions simplifiée. Adresse : 115 boulevard de Strasbourg 76600 Le Havre. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
15/10/2007	Bodacc C	Avis de dépôt des comptes
8039 - 348 459 140. RCS Le Havre INTERFIBRES. Sigle: IFSA Forme: Société par actions simplifiée. Adresse du siège social: 115 boulevard de Strasbourg 76600 Le havre. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
03/10/2006	Bodacc C	Avis de dépôt des comptes
5116 - RCS Le Havre B 348 459 140. RC 88-B 308. INTERFIBRES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 115, boulevard de Strasbourg,76600 Le Havre. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
30/08/2005	Bodacc C	Avis de dépôt des comptes
4597 - RCS Le Havre B 348 459 140. RC 88-B 308. INTERFIBRES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 115, boulevard de Strasbourg,76600 Le Havre. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
22/08/2004	Bodacc B	Modifications et mutations diverses
RCS Le Havre B 348459140 RC 88-B 308 INTERFIBRES. Sigle : IFSA. Forme : S.A.S. Adresse du siège social : 115 boulevard de Strasbourg, 76600 Le Havre. Commentaires : modification survenue sur l'administration. Administration : président : PERDRIEL (Jacques, Marcel, Marius) ( Nom d'usage : PERDRIEL). Commissaire aux comptes titulaire : AHMADAT (Omar) ( Nom d'usage : AHMADAT) . Commissaire aux comptes suppléant : HEMARD (Jacques) ( Nom d'usage : HEMARD). Date d'effet : 8 juin 2004.
23/01/2003	Bodacc B	Modifications et mutations diverses
RCS Le Havre B 348459140 RC 88-B 308 INTERFIBRES. Sigle : IFSA. Forme : S.A.S. Capital : 105 000 euros. Adresse du siège social : 115 boulevard de Strasbourg, 76600 Le Havre. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : président : PERDRIEL ( Jacques, Marcel, Marius) ( Nom d'usage : PERDRIEL). Commissaire aux comptes titulaire : DAVID (Maurice) ( Nom d' usage : DAVID). Commissaire aux comptes suppléant : LENEVEU (Jean- Georges, Paul, Albert, Etienne) ( Nom d' usage : LENEVEU). Date d'effet : 30 aout 2002.
31/01/2001	Bodacc B	Modifications et mutations diverses
RCS Le Havre B 348459140 RC 88-B 308 INTERFIBRES. Sigle : I.F.S.A. Forme : S.A. Capital : 105 000 euros. Adresse du siège social : 115 boulevard de Strasbourg, 76600 Le Havre. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : PERDRIEL (Jacques, Marcel, Marius) ( Nom d'usage : PERDRIEL). Administrateurs : GARROS (Annie, Christiane) ( Nom d'usage : PERDRIEL) CAMUS (Jean-Pierre) ( Nom d'usage : CAMUS). Commissaire aux comptes titulaire : DAVID (Maurice) ( Nom d' usage : DAVID). Commissaire aux comptes suppléant : LENEVEU (Jean- Georges, Paul, Albert, Etienne) ( Nom d' usage : LENEVEU). Date d'effet : 6 novembre 2000.
03/11/1999	Bodacc B	Modifications et mutations diverses
RCS Le Havre B 348459140 RC 88-B 308 INTERFIBRES. Sigle : IFSA. Forme : S.A. Capital : 105 000 euros. Adresse du siège social : 115 boulevard de Strasbourg, 76600 Le Havre. Commentaires : modification survenue sur le capital ( augmentation). Date d'effet : 30 juillet 1999.
07/10/1995	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Le Havre b 348459140 RC 88-b 308 interfibres. Sigle : ifsa. Forme : S.A. Capital : 300 000 F (fixe). Adresse : 109, boulevard de Strasbourg, 76600 Le Havre Nouvelle situation du siège social. Adresse : 115, boulevard de Strasbourg, 76600 Le Havre. Date d'effet : 12 juin 1995.

Company events history

Date	Description
05/10/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
22/11/2010	Bodacc C : Deposit accounts notice
24/06/2010	Bodacc B: Various editing or changing
18/06/2010	Legal Gazette: Head Office Transfer
14/06/2010	Minutes of general meeting of shareholders
14/06/2010	Registered office transferred inside jurisdiction of the Commercial Court
14/06/2010	Updated articles of association
01/04/2010	Transfer of Establishment
01/04/2010	Update of Company Head Office Identifier
31/12/2009	New accounts available
03/12/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
16/10/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
05/03/2007	Private document
05/03/2007	Amendment
05/03/2007	Minutes of general meeting of shareholders
05/03/2007	PV d'Assemblée
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
21/07/2004	Appointment/resignation of company officers
21/07/2004	PV d'Assemblée
21/07/2004	Minutes of general meeting of shareholders
21/07/2004	New auditor
21/07/2004	Changement de Commissaire aux Comptes
21/07/2004	Private document
31/12/2003	New accounts available
12/12/2002	Changement de Forme Juridique avec changement de catégorie
12/12/2002	PV d'Assemblée
12/12/2002	Statuts mis à jour
12/12/2002	Acte modificatif
14/10/2002	Statuts mis à jour
14/10/2002	PV d'Assemblée
14/10/2002	Acte sous seing privé
14/10/2002	Changement de Forme Juridique sans changement de catégorie
14/10/2002	Nomination/démission des organes de gestion
14/10/2002	Changement de Commissaire aux Comptes
14/10/2002	Rapport des Commissaires ou du Gérant
22/07/2002	Acte sous seing privé
22/07/2002	Rapport des Commissaires ou du Gérant
08/01/2001	Changement de Commissaire aux Comptes
08/01/2001	Acte sous seing privé
08/01/2001	Nomination/démission des organes de gestion
08/01/2001	Acte modificatif
08/01/2001	PV d'Assemblée
12/10/1999	Acte sous seing privé
12/10/1999	Augmentation de Capital
12/10/1999	Acte modificatif
12/10/1999	Statuts mis à jour
12/10/1999	PV d'Assemblée
06/09/1995	Transfert du Siège dans le ressort du Tribunal de Commerce
06/09/1995	PV du Conseil d'Administration
06/09/1995	Statuts mis à jour
02/09/1994	PV d'Assemblée
02/09/1994	Reconstitution de l'Actif Net
22/07/1993	Continuation malgré perte supérieure à la moitié du capital
22/07/1993	PV d'Assemblée
17/11/1992	PV d'Assemblée
17/11/1992	Acte sous seing privé
17/11/1992	Acte modificatif
17/11/1992	Statuts mis à jour
17/11/1992	Déclaration de conformité
17/11/1992	Changement de date de clôture

Establishment events history

Date	Description
05/10/2011	Update Limit
05/10/2011	Update Rating
13/09/2011	Update Rating
29/10/2010	Update Limit
29/10/2010	Update Rating
05/10/2010	Update of phone numbers
27/09/2010	Update Rating
01/04/2010	Formation of Head office (after transfer)

directors

Name	M. PERDRIEL JACQUES MARCEL MARIUS
Manager position	Président	Date of birth	14/12/1947
Place of birth	76 LE HAVRE
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M JACQUES PERDRIEL

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.70
UK Pound	1	Rs.87.55
Euro	1	Rs.68.85

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.