MIRA INFORM REPORT

Report Date :

29.12.2012

IDENTIFICATION DETAILS

Name :	SONIA RYKIEL

Registered Office :	Sonia Rykiel Cdm 175 Bd Saint Germain 75006 Paris 6

Country :	France

Financials (as on) :	31.12.2011

Date of Incorporation :	August, 1965

Com. Reg. No.:	RCS Paris 6 652 040 817

Legal Form :	Public limited company with board of directors

Line of Business :	Wholesale (intercompany trade) of clothing and footwear

No. of Employees :	250 to 499 employees

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Good

Payment Behaviour :	No complaints

Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

France

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

France - ECONOMIC OVERVIEW

France was transitioning from an economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms but is in the midst of a euro-zone crisis. The government has partially or fully privatized many large companies, banks, and insurers, and has ceded stakes in such leading firms as Air France, France Telecom, Renault, and Thales. It maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 75 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011. The unemployment rate increased from 7.4% in 2008 to 9.3% in 2010 and 9.1% in 2011. Lower-than-expected growth and increased unemployment have cut government revenues and increased borrowing costs, contributing to a deterioration of France's public finances. The government budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 5.8% of GDP in 2011, while France's public debt rose from 68% of GDP to 86% over the same period. Under President SARKOZY, Paris implemented austerity measures that eliminated tax credits and froze most government spending in an effort to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt levels. Socialist Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, as well as measures such as forcing banks to separate their traditional deposit taking and lending activities from more speculative businesses, increasing taxes on bank profits, introducing a new top bracket on income taxes for people earning over €1 million ($1.3 million) a year, and hiring an additional 60,000 civil servants during his five-year term of office.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Trade name	SONIA RYKIEL	EUR VAT Number	FR93652040817
Activity (APE)	Wholesale (intercompany trade) of clothing and footwear (4642Z)	Legal form	Public limited company with board of directors
Phone	01 42 22 16 16	RCS Registration	RCS Paris 6 652 040 817
Fax		Share capital	695,849 Euros
Address	SONIA RYKIEL CDM 175 BD SAINT GERMAIN 75006 PARIS 6	Incorporated Date	08/1965
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Directors

Name	M. LOUBIER JEAN-MARC
Manager position	Président du conseil d'administration	Date of birth	19/10/1955
Place of birth	ORAN(ALGERIE)
Type	Individual	Name at birth

Name	M. LANGON ERIC
Manager position	Directeur général, Administrateur	Date of birth	20/06/1970
Place of birth	DAKAR(SENEGAL)
Type	Individual	Name at birth

Name	Mme. RYKIEL NATHALIE
Manager position	Administrateur	Date of birth	04/12/1955
Place of birth	BOULOGNE-BILLANCOURT (92100)
Type	Individual	Name at birth

Name	M. HEFER GILES
Manager position	Administrateur	Date of birth	20/07/1956
Place of birth	JOHANNESBURG(AFRIQUE DU SUD)
Type	Individual	Name at birth

Name	Mme. TSUI MONICA
Manager position	Administrateur	Date of birth	30/11/1960
Place of birth	HONG KONG(CHINE)
Type	Individual	Name at birth

Previous Directors

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

Manager position	Title and name	Date of Birth/Place of Birth
Président	MME SONIA FLIS	25/05/1930 - PARIS 14
Président	M JEAN-MARC LOUBIER	19/10/1955 - ORAN(ALGERIE)
Président	MME NATHALIE RYKIEL BURSTEIN	04/12/1955 - BOULOGNE
Président	Mme NATHALIE RYKIEL	04/12/1955 - BOULOGNE (92100)
Directeur général	Mme SONIA FLIS DITE SONIA RYKIEL	25/05/1930 - PARIS (75014)
Directeur général	MME NATHALIE RYKIEL BURSTEIN	04/12/1955 - BOULOGNE BILLANCOURT
Directeur général	MME SONIA RYKIEL	25/05/1930 - PARIS 14
Vice-président	Mme FRANCOISE ZONABEND	26/02/1935 - PARIS (75014)
Président du directoire	MME NATHALIE RYKIEL	- - -
Président du directoire	Mme NATHALIE RYKIEL	04/12/1955 - BOULOGNE (92100)
Président du conseil de surveillance	M GILES HEFER	20/07/1956 - JOHANNESBURG(AFRIQUE DU SUD)
Président du conseil de surveillance	M JEAN-PHILIPPE RYKIEL	31/05/1961 - BOULOGNE 92
Président du conseil de surveillance	M JEAN-PHILIPPE RYKIEL	31/05/1961 - BOULOGNE-BILLANCOURT (92100)
Administrateur	M GILES HEFER	20/07/1956 - JOHANNESBURG(AFRIQUE DU SUD)

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company.

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

SHARE & SHARE CAPITAL INFORMATION

The company has a share capital of 695 849 €, which is excellent

PAYMENT INFORMATION

Payment Information Summary - SafeTrade

Have you got a payment experience on this or any other customers you could share with us? Contribute to our payment data programme to encourage best practice and expose poor performance. Click here for details and to find out what you will get back in return.

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Safe Number	Company number
	KING LUN HOLDINGS LIMITED	-	-	1 company in 1 country.

Company Name	SIREN	Parts	Last account published
KING LUN HOLDINGS LIMITED	-	-	-
FUNG CAPITAL LIMITED	-	100%	-
FUNG CAPITAL EUROPE FUND II LIMITED	-	100%	-
GRAND WISH PARTNERS	-	100%	-
FUNG BRANDS LIMITED	-	Majority	-
SONIA RYKIEL CDM	652040817	80%	31/12/2011
DLX HOLDINGS	-	Majority	-
DELVAUX	-	80%	-
LI & FUNG	-	Majority	-
R.C. HOLDINGS	531209344	Majority	31/12/2011
FINANCIERE DE ROMANS	424701100	90%	31/12/2011
SOC ROMANAISE DE LA CHAUSSUR...	302097993	100%	31/12/2011
ROBERT CLERGERIE AMERICA	US48475323	100%	-
CLERMA	320685126	100%	31/12/2011
ROBERT CLERGERIE SUISSE	-	100%	-
CLERMA ESPAGNE	-	100%	-
CLERMA GB	-	100%	-
CLERMA BELGIQUE	-	100%	-
SOCIETE DES CHAUSSURES DE TA...	712033299	100%	31/12/2011

FINANCIAL INFORMATION

Trading to Date	12/31/2011	12/31/2010	12/31/2008
Turnover	83,751,003 €	82,496,146 €	103,171,918 €
Gross Operating Surplus	-4,22 % Turnover	0,61 % Turnover	2,10 % Turnover
Shareholders’ equity	72,157,357 €	73,608,473 €	70,250,878 €
Net result	-1,417,330 €	1,577,952 €	1,165,104 €
Employees	250 to 499 employees	-	-

Annual Accounts	31/12/2011	31/12/2010	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	09/11/2012	09/08/2011	-
Activity Code	4642Z	4642Z	4642Z
Employees	365	357	368

Active account

Annual Accounts	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	54 326 155	-2,6%	55 797 892	-8,0%	60 662 033	41 133	131974,4%
- Intangible assets	40 873 892	0,0%	40 878 833	-1,8%	41 608 684	5 017	814607,8%
- Tangible assets	9 653 145	-12,3%	11 007 651	-23,0%	14 294 171	5 521	174744,1%
- Financial assets	3 799 118	-2,9%	3 911 408	-17,8%	4 759 179	4 940	76805,2%
Net current assets	48 710 867	1,5%	47 986 915	-3,6%	49 790 922	220 354	22005,7%
- Stocks	17 425 683	9,1%	15 965 816	-10,8%	17 898 557	55 057	31550,3%
- Advanced payments	27 896	1,5%	18 086	-3,3%	18 701	0	0%
- Receivables	20 386 403	2,2%	19 956 800	-13,8%	23 156 770	67 350	30169,3%
- Securities and cash	10 870 885	-9,8%	12 046 213	38,2%	8 716 893	34 076	31801,9%
- Prepaid expenses	-	-	-	-	-	159	-
Accounts of regularization	115 028	-13,4%	132 881	-12,8%	152 454	0	0%
Total Assets	103 152 050	-0,7%	103 917 687	-6,0%	110 605 409	309 584	33219,6%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Shareholders' equity	72 157 357	-2,0%	73 608 473	4,8%	70 250 878	71 398	100963,6%
Share capital	695 849	0%	695 849	0%	695 849	10 000	6858,5%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	900 110	-11,5%	1 016 856	-55,9%	2 306 207	0	0%
Liabilities	30 076 811	2,7%	29 292 356	-23,0%	38 041 046	203 066	14711,3%
- Financial liabilities	3 764 839	-34,4%	5 740 345	-38,8%	9 377 434	18 449	20306,7%
- Advanced payments received	390 820	2,7%	380 717	40,9%	270 178	0	0%
- Trade account payables	11 819 626	5,8%	11 170 487	-27,4%	15 395 703	66 496	17674,9%
- Tax and social liabilities	5 619 012	57,2%	3 573 983	5,5%	3 388 395	47 100	11830,0%
- Other debts and fixed assets liabilities	7 437 526	-2,8%	7 655 337	-10,8%	8 580 615	7 953	93418,5%
Account regularization	1 062 758	37,8%	771 487	-25,5%	1 036 000	0	0%
Total liabilities	103 152 050	-0,7%	103 917 687	-6,0%	110 605 409	309 583	33219,7%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Sales of Goods	91 073 095	1,0%	90 183 392	-17,9%	109 910 242	461 652	19627,7%
Net turnover	83 751 003	1,5%	82 496 146	-20,0%	103 171 918	455 979	18267,3%
- of which net export turnover	41 815 843	5,8%	39 527 143	-25,0%	52 730 736	1 849	2261438,3%
Operating charges	92 587 037	5,5%	87 765 369	-18,6%	107 855 527	450 106	20470,1%
Operating profit/loss	-1 513 942	-162,6%	2 418 023	17,7%	2 054 715	9 237	-16490,0%
Financial income	2 343 774	-15,5%	2 774 604	15,0%	2 411 696	02	117188600%
Financial charges	2 519 490	-21,1%	3 193 986	16,6%	2 740 278	926	271983,2%
Financial profit/loss	-175 716	58,1%	-419 382	-27,6%	-328 583	-108	-162600%
Pretax net operating income	-1 689 658	-184,5%	1 998 641	15,8%	1 726 132	7 539	-22512,2%
Extraordinary income	157 107	-77,0%	683 781	360,1%	148 613	0	0%
Extraordinary charges	175 928	-73,3%	658 177	35,1%	487 173	200	87864,0%
Extraordinary profit/loss	-18 821	-5635,6%	25 604	107,6%	-338 560	0	0%
Net result	-1 417 330	-189,8%	1 577 952	35,4%	1 165 104	7 802	-18266,2%

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2010		31/12/2008
Grand Total (I to VI)	Net	103 152 050	-0,7%	103 917 687	-6,0%	110 605 409
Gross	CO	133 929 539	0,8%	132 810 582	-3,5%	137 670 951
Amortisation	1A	30 777 489	6,5%	28 892 896	6,8%	27 065 542

Non declared distributed capital (I)

		31/12/2011		31/12/2010		31/12/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

		31/12/2011		31/12/2010		31/12/2008
Total Active fixed asset (II)	Net	54 326 155	-2,6%	55 797 892	-8,0%	60 662 033
Gross	BJ	81 410 267	0,7%	80 862 966	-3,8%	84 037 459
Amortisation	BK	27 084 112	8,1%	25 065 074	7,2%	23 375 426

Intangilble fixed assets

			31/12/2011		31/12/2010		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	35 168 689	0,0%	35 161 992	-0,5%	35 327 271
	Gross	AF	36 117 401	0,4%	35 985 030	0,2%	35 901 938
	Amortisation	AG	948 712	15,3%	823 038	43,2%	574 667
	Goodwill	Net	5 206 694	0%	5 206 694	-9,8%	5 771 266
	Gross	AH	5 206 694	0%	5 206 694	-9,8%	5 771 266
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	498 509	0%	498 509	0%	498 509
	Gross	AJ	503 082	0%	503 082	0%	503 082
	Amortisation	AK	4 573	0%	4 573	0%	4 573
	Pre-payments and downpayments	Net	0	0%	11 638	0%	11 638
	Gross	AL	0	0%	11 638	0%	11 638
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	40 873 892	0,0%	40 878 833	-1,8%	41 608 684

Tangilble fixed assets

		31/12/2011		31/12/2010		31/12/2008
Lands	Net	10 793	0%	10 793	0%	10 793
Gross	AN	10 793	0%	10 793	0%	10 793
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	1 394 521	-6,2%	1 487 013	-11,1%	1 671 996
Gross	AP	2 363 882	0%	2 363 882	0%	2 363 882
Amortisation	AQ	969 361	10,5%	876 869	26,7%	691 886
Plant	Net	21 982	15,9%	18 972	-49,9%	37 850
Gross	AR	134 884	11,0%	121 562	2,4%	118 689
Amortisation	AS	112 902	10,1%	102 590	26,9%	80 839
Other tangible fixed assets	Net	8 225 849	-13,3%	9 490 873	-22,1%	12 188 348
Gross	AT	22 893 043	0,7%	22 734 507	-3,6%	23 585 006
Amortisation	AU	14 667 194	10,7%	13 243 634	16,2%	11 396 658
Fixed assets in construction	Net	0	0%	0	0%	384 149
Gross	AV	0	0%	0	0%	384 149
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	1 035
Gross	AX	0	0%	0	0%	1 035
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	9 653 145		11 007 651		14 294 171

Financial assets

		31/12/2011		31/12/2010		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	539 932	20,0%	449 932	-73,6%	1 704 268
Gross	CU	7 721 302	9,0%	7 084 302	0,2%	7 070 452
Amortisation	CV	7 181 370	8,2%	6 634 370	23,6%	5 366 184
Inter-company receivables	Net	2 446 919	-8,0%	2 660 041	28,8%	2 065 756
Gross	BB	5 646 919	-6,5%	6 040 041	-17,6%	7 326 375
Amortisation	BC	3 200 000	-5,3%	3 380 000	-35,7%	5 260 619
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	812 267	1,4%	801 435	-19,0%	989 155
Gross	BH	812 267	1,4%	801 435	-19,0%	989 155
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		3 799 118		3 911 408		4 759 179

Current Assets (III)

		31/12/2011		31/12/2010		31/12/2008
Total Assets	Net	48 710 867	1,5%	47 986 915	-3,6%	49 790 922
Gross	CJ	52 404 243	1,1%	51 814 736	-3,1%	53 481 039
Amortisation	CK	3 693 376	-3,5%	3 827 821	3,7%	3 690 116

Stocks

		31/12/2011		31/12/2010		31/12/2008
Raw materials	Net	2 177 199	0%	0	0%	0
Gross	BL	2 212 471	0%	0	0%	0
Amortisation	BM	35 272	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	1 428 343	15,1%	1 240 697	-49,3%	2 449 548
Gross	BP	1 428 343	15,1%	1 240 697	-49,3%	2 449 548
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	13 820 141	-6,1%	14 725 119	-4,7%	15 449 009
Gross	BT	16 543 898	-5,6%	17 520 751	-0,2%	17 549 350
Amortisation	BU	2 723 757	-2,6%	2 795 632	33,1%	2 100 341
Sub Total Stocks	Net	17 425 683	9,1%	15 965 816	-10,8%	17 898 557

Advance payments to suppliers

		31/12/2011		31/12/2010		31/12/2008
Advance payments to suppliers	Net	27 896	54,2%	18 086	-3,3%	18 701
Gross	BV	27 896	54,2%	18 086	-3,3%	18 701
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2011		31/12/2010		31/12/2008
Trade accounts receivable	Net	17 258 531	1,2%	17 048 684	-3,6%	17 692 886
Gross	BX	18 192 377	0,6%	18 077 270	-4,2%	18 866 385
Amortisation	BY	933 846	-9,2%	1 028 586	-12,3%	1 173 499
Other debtors	Net	1 300 437	16,8%	1 113 396	-63,4%	3 046 156
Gross	BZ	1 300 437	16,8%	1 113 396	-63,4%	3 046 156
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	18 558 968	2,2%	18 162 080	-12,4%	20 739 042

Divers

		31/12/2011		31/12/2010		31/12/2008
Investment securities	Net	8 278 243	-16,2%	9 884 313	73,1%	5 709 764
Gross	CD	8 278 744	-16,3%	9 887 916	61,4%	6 126 041
Amortisation	CE	501	-86,1%	3 603	-99,1%	416 277
Cash and cash equivalents	Net	2 592 642	19,9%	2 161 900	-28,1%	3 007 129
Gross	CF	2 592 642	19,9%	2 161 900	-28,1%	3 007 129
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	10 870 885	-9,8%	12 046 213	38,2%	8 716 893

Prepaid expenses

		31/12/2011		31/12/2010		31/12/2008
Prepaid expenses	Net	1 827 435	1,8%	1 794 720	-25,8%	2 417 728
Gross	CH	1 827 435	1,8%	1 794 720	-25,8%	2 417 728
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2011		31/12/2010		31/12/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Currency differential gain	CN3	115 028	-13,4%	132 881	-12,8%	152 454
Gross		115 028	-13,4%	132 881	-	-

References

		31/12/2011		31/12/2010		31/12/2008
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

		31/12/2011		31/12/2010		31/12/2008
Grand Total (I to V)	EE	103 152 050	-0,7%	103 917 687	-6,0%	110 605 409

Shareholder Equity (I)

		31/12/2011		31/12/2010		31/12/2008
Total shareholders' equity (Total I)	DL	72 157 357	-2,0%	73 608 473	4,8%	70 250 878
Equity and shareholders' equity	DA	695 849	0%	695 849	0%	695 849
Issue and merger premiums	DB	886 440	0%	886 440	0%	886 440
Revaluation differentials	DC	91 469	0%	91 469	0%	91 469
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	76 225	0%	76 225	0%	76 225
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	48 383 967	0%	48 383 967	0%	48 383 967
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	22 766 001	7,4%	21 188 049	16,9%	18 127 158
Profit or loss for the period	DI	-1 417 330	-189,8%	1 577 952	35,4%	1 165 104
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	674 736	-4,8%	708 522	-14,1%	824 666

Other capital resources (II)

		31/12/2011		31/12/2010		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)

		31/12/2011		31/12/2010		31/12/2008
Total provisions for risks and charges (Total III)	DR	900 110	-11,5%	1 016 856	-55,9%	2 306 207
Risk provisions	DP	900 110	-11,5%	1 016 856	-55,9%	2 306 207
Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		31/12/2011		31/12/2010		31/12/2008
Total Liabilities (Total IV)	EC	30 076 811	2,7%	29 292 356	-23,0%	38 041 046
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	3 740 323	-34,6%	5 721 372	-38,9%	9 357 550
Sundry loans and financial liabilities	DV	24 516	29,2%	18 973	-4,6%	19 884
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	390 820	2,7%	380 717	40,9%	270 178
Trade accounts payables	DX	11 819 626	5,8%	11 170 487	-27,4%	15 395 703
Tax and social security liabilities	DY	5 619 012	57,2%	3 573 983	5,5%	3 388 395
Fixed asset liabilities	DZ	6 800 546	0,5%	6 763 814	-9,7%	7 487 859
Other debts	EA	619 210	-30,5%	891 523	-17,9%	1 085 478

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2008
Translation loss (Total V)	ED	17 770	0%	0	0%	7 278

Equalization accounts

		31/12/2011		31/12/2010		31/12/2008
Deferred income	EB	1 062 758	37,8%	771 487	-25,5%	1 036 000

References

		31/12/2011		31/12/2010		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

		31/12/2011		31/12/2010		31/12/2008
Operating result (Total I-II)	GG	-1 513 942	-162,6%	2 418 023	17,7%	2 054 715

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2008
Financial result (Total V-VI)	GV	-175 716	58,1%	-419 382	-27,6%	-328 583

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

		31/12/2011		31/12/2010		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-1 689 658	-184,5%	1 998 641	15,8%	1 726 132

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-18 821	-173,5%	25 604	107,6%	-338 560

Profit or loss

		31/12/2011		31/12/2010		31/12/2008
Profit or loss	HN	-1 417 330	-189,8%	1 577 952	35,4%	1 165 104

Total Income (I+III+V+VII)

		31/12/2011		31/12/2010		31/12/2008
Total Income (I+III+V+VII)	HL	93 573 976	-0,1%	93 641 777	-16,7%	112 470 550

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

		31/12/2011		31/12/2010		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	94 991 306	3,2%	92 063 823	-17,3%	111 305 446

Operating income (I)

		31/12/2011		31/12/2010		31/12/2008
Total operating income (Total I)	FR	91 073 095	1,0%	90 183 392	-17,9%	109 910 242

Operating income (details)

		31/12/2011		31/12/2010		31/12/2008
Sale of goods for resale	FC	83 369 511	1,6%	82 025 959	-20,0%	102 508 055
France	FA	41 638 671	-2,3%	42 635 474	-14,9%	50 098 706
Export	FB	41 730 840	5,9%	39 390 485	-24,8%	52 409 349
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	381 492	-18,9%	470 187	-29,2%	663 863
France	FG	296 489	-11,1%	333 529	-2,6%	342 476
Export	FH	85 003	-37,8%	136 658	-57,5%	321 387
Net turnover	FL	83 751 003	1,5%	82 496 146	-20,0%	103 171 918
France	FJ	41 935 160	-2,4%	42 969 003	-14,8%	50 441 183
Export	FK	41 815 843	5,8%	39 527 143	-25,0%	52 730 736
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	22 070	206,5%	7 200	-67,6%	22 232
Release of reserves and provisions	FP	3 524 543	3,7%	3 399 708	37,7%	2 469 778
Other income	FQ	3 775 479	-11,8%	4 280 338	0,8%	4 246 313

Operating charges (II)

			31/12/2011		31/12/2010		31/12/2008
	Total operating charges (Total II)	GF	92 587 037	5,5%	87 765 369	-18,6%	107 855 527

Exploitation charges

		31/12/2011		31/12/2010		31/12/2008
Purchase of goods for resale	FS	31 158 007	1,9%	30 591 012	-21,8%	39 135 402
Change in stocks of goods for resale	FT	-1 307 863	-20,6%	-1 084 307	71,6%	-3 816 331
Purchase of raw materials	FU	6 786 055	21,8%	5 570 294	-35,9%	8 683 815
Change in stocks of raw materials	FV	-115 401	0%	0	0%	0
Other external purchases and charges	FW	23 396 302	7,7%	21 721 952	-30,5%	31 249 758
Tax, duty and similar payments	FX	1 977 362	11,5%	1 773 055	-11,7%	2 009 049
Payroll	FY	17 818 760	8,2%	16 472 079	-1,1%	16 647 637
Social security costs	FZ	7 592 539	9,1%	6 959 922	-2,2%	7 118 513

Depreciation

		31/12/2011		31/12/2010		31/12/2008
Depreciation of fixed assets	GA	1 779 336	-3,8%	1 850 265	-8,4%	2 019 969
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	2 936 584	0,1%	2 934 523	17,7%	2 493 505
Provisions for risks and charges	GD	277 230	-20,4%	348 218	-81,5%	1 886 932

Other charges

			31/12/2011		31/12/2010		31/12/2008
	Other charges	GE	288 126	-54,1%	628 356	47,1%	427 277

Operating charges (III-IV)

		31/12/2011		31/12/2010		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)

		31/12/2011		31/12/2010		31/12/2008
Total financial income (Total V)	GP	2 343 774	-15,5%	2 774 604	15,0%	2 411 696
Share financial income	GJ	794 667	-35,1%	1 224 558	2,7%	1 191 960
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	242 729	2,9%	235 863	-60,8%	601 037
Released provisions and transferred charges	GM	906 483	10,0%	823 748	207,0%	268 332
Exchange gains	GN	308 955	-28,4%	431 412	148,2%	173 790
Net income from disposal of investment securities	GO	90 940	54,1%	59 023	-66,6%	176 577

Financial Charge (VI)

		31/12/2011		31/12/2010		31/12/2008
Total financial charge (Total VI)	GU	2 519 490	-21,1%	3 193 986	16,6%	2 740 278
Financial reserves and provisions	GQ	1 252 529	-32,0%	1 841 669	15,7%	1 592 082
Interest and similar charges	GR	1 009 491	101,0%	502 130	-11,6%	568 225
Exchange losses	GS	257 470	-49,2%	507 036	-11,1%	570 079
Net loss from disposal of investment securities	GT	0	0%	343 151	3368,6%	9 893

Financial Charge (VII)

		31/12/2011		31/12/2010		31/12/2008
Total extraordinary income (Total VII)	HD	157 107	-77,0%	683 781	360,1%	148 613
Extraordinary operating income	HA	20 000	0%	0	0%	0
Extraordinary income from capital transactions	HB	0	0%	75 000	0%	0
Released provisions and transferred charges	HC	137 107	-77,5%	608 781	309,6%	148 613

Extraordinary charges (VIII)

		31/12/2011		31/12/2010		31/12/2008
Total extraordinary charges (Total VIII)	HH	175 928	-73,3%	658 177	35,1%	487 173
Extraordinary operating charges	HE	43 806	1291,1%	3 149	-72,6%	11 503
Extraordinary charges from capital transactions	HF	28 801	-95,2%	599 414	115,0%	278 814
Extraordinary reserves and provisions	HG	103 321	85,8%	55 614	-71,7%	196 856

Employee profit sharing (IX)

			31/12/2011		31/12/2010		31/12/2008
	Employee profit sharing (Total IX)	HJ	0	0%	155 142	1136,0%	12 552

Tax on profits (X)

			31/12/2011		31/12/2010		31/12/2008
	Tax on profits (Total X)	HK	-291 149	-200%	291 149	38,7%	209 916

References

		31/12/2011		31/12/2010		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	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

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)

		31/12/2011		31/12/2010		31/12/2008
Gross value at begin of period	OG	0	0%	0	0%	82 212 899
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	8 686 480
Decreasess by budget item transfer	OK1	3 079	-93,1%	44 486	-98,4%	2 806 661
Decreasess by transfers	OK2	1 054 455	-64,5%	2 970 413	-26,8%	4 055 259
Gross value at the end of period	OL	81 410 268	0,7%	80 862 966	-3,8%	84 037 459

Research and development Charge (Total I)

		31/12/2011		31/12/2010		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)

		31/12/2011		31/12/2010		31/12/2008
Gross value at begin of period	KD	41 706 444	1,8%	40 963 709	-2,7%	42 086 234
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	132 371	-82,2%	742 735	467,4%	130 913
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	11 638	0%	0	0%	29 224
Gross value at the end of period	LW	41 827 177	0,3%	41 706 444	-1,1%	42 187 923

Tangible fixed assets (Total III)

		31/12/2011		31/12/2010		31/12/2008
Gross value at begin of period	LN	25 230 745	-1,1%	25 523 845	-0,2%	25 577 774
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	319 400	-64,7%	905 166	-87,6%	7 298 576
Decreasess by budget item transfer	NG1	3 079	-93,1%	44 486	-98,4%	2 806 661
Decreasess by transfers	NG2	144 461	-87,5%	1 153 780	-68,0%	3 606 136
Gross value at the end of period	NH	25 402 605	0,7%	25 230 745	-4,7%	26 463 553

Fiancial assets (Total IV)

		31/12/2011		31/12/2010		31/12/2008
Gross value at begin of period	LQ	13 925 778	2,3%	13 607 832	-6,5%	14 548 891
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	1 153 066	-46,0%	2 134 580	69,8%	1 256 992
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	898 355	-50,5%	1 816 634	332,6%	419 900
Gross value at the end of period	NK	14 180 489	1,8%	13 925 778	-9,5%	15 385 983

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

			31/12/2011		31/12/2010		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	14 085 199
Increases		0P	0	0%	0	0%	2 019 969
Decreasess		0Q	0	0%	0	0%	3 356 545
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	12 748 623

Research and development charge (Total I)

			31/12/2011		31/12/2010		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)

			31/12/2011		31/12/2010		31/12/2008
	Reserve for depreciation value at begin of period	PE	827 611	17,5%	704 051	46,1%	482 008
Increases		PF	125 675	1,7%	123 559	-0,6%	124 320
Decreasess		PG	0	0%	0	0%	27 087
	Decreasess by budget item transfer	PH	953 286	15,2%	827 610	42,9%	579 241

Total fixed assets amotisation (Total III)

			31/12/2011		31/12/2010		31/12/2008
	Reserve for depreciation value at begin of period	QU	14 223 092	7,0%	13 295 195	-2,3%	13 603 192
Increases		QV	1 653 662	-15,1%	1 947 816	2,8%	1 895 650
Decreases		QW	127 298	-87,5%	1 019 919	-69,4%	3 329 458
	Decreasess by budget item transfer	QX	15 749 456	10,7%	14 223 092	16,9%	12 169 383

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

			31/12/2011		31/12/2010		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

			31/12/2011		31/12/2010		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)

			31/12/2011		31/12/2010		31/12/2008
	Value at begining of period	7C	15 567 568	7,6%	14 461 713	3,6%	13 955 772
Increases		UB	4 569 665	-13,0%	5 252 479	-14,9%	6 169 374
Decreases		UC	4 487 641	8,2%	4 146 624	54,9%	2 677 356
	Value at the end of period	UD	15 649 592	0,5%	15 567 568	-10,8%	17 447 791

Includes Total allocations

Operating	UE	3 213 814	-2,1%	3 282 741	-25,1%	4 380 437
Financial	UG	1 252 529	-32,0%	1 841 669	15,7%	1 592 082
Exceptional	UJ	103 321	85,8%	55 614	-71,7%	196 856

Includes Total Withdrawal

Operating	UF	3 444 050	8,3%	3 179 649	40,7%	2 260 411
Financial	UH	906 483	10,0%	823 784	207,0%	268 332
Exceptional	UK	137 107	-4,3%	143 228	-3,6%	148 613

Total regulated provisions (Total I)

			31/12/2011		31/12/2010		31/12/2008
	Value at begining of period	3Z	708 522	-10,7%	793 353	2,2%	776 422
Increases		TS	103 321	76,9%	58 397	-70,3%	196 856
Decreases		TT	137 107	-4,3%	143 228	-3,6%	148 613
	Value at the end of period	TU	674 736	-4,8%	708 522	-14,1%	824 666

Total risk and charge provisions (Total II)

			31/12/2011		31/12/2010		31/12/2008
	Value at begining of period	5Z	1 016 857	-16,8%	1 221 559	29,1%	946 520
Increases		TV	392 258	-27,4%	540 099	-73,5%	2 039 386
Decreases		TW	509 005	-31,7%	744 801	9,6%	679 699
	Value at the end of period	TX	900 110	-11,5%	1 016 857	-55,9%	2 306 207

Total Provision for depreciation (Total III)

			31/12/2011		31/12/2010		31/12/2008
	Value at begining of period	7B	13 842 191	11,2%	12 446 803	1,7%	12 232 830
Increases		TY	4 074 085	-12,5%	4 653 984	18,3%	3 933 133
Decreases		TZ	3 841 530	17,9%	3 258 596	76,2%	1 849 044
	Value at the end of period	UA	14 074 746	1,7%	13 842 191	-3,3%	14 316 919

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

		31/12/2011		31/12/2010		31/12/2008
Gross value	VT	27 779 436	-0,2%	27 826 863	-14,8%	32 645 799
1 year at most	VU	21 029 101	0,2%	20 985 387	-13,7%	24 330 269
More than one year	VV	6 750 335	-1,3%	6 841 476	-17,7%	8 315 531

State of loans

		31/12/2011		31/12/2010		31/12/2008
Claims related to holdings (gross)	UL	5 646 919	-6,5%	6 040 041	-17,6%	7 326 375
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	812 267	1,4%	801 435	-19,0%	989 155
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2011		31/12/2010		31/12/2008
Customers doubtful or disputed	VA	983 636	-9,1%	1 081 975	-13,3%	1 247 953
Other claims customer	UX	17 208 741	1,3%	16 995 295	-3,5%	17 618 432
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	3 309	-48,8%	6 463	-59,5%	15 944
Social Security and other social organizations	UZ	5 176	-45,0%	9 404	-43,7%	16 714
Income taxes	VM	521 940	65,2%	315 941	-84,1%	1 982 990
Value added tax	VB	465 911	18,7%	392 543	-42,2%	679 706
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	65 288	6,2%	61 489	127,2%	27 065
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	238 813	-27,1%	327 557	1,2%	323 736

Prepaid

			31/12/2011		31/12/2010		31/12/2008
	Prepaid	VS	1 827 435	1,8%	1 794 720	-25,8%	2 417 728

State Debt

			31/12/2011		31/12/2010		31/12/2008
	Total debt (gross)	VY	29 685 991	2,7%	28 911 641	-23,5%	37 770 868
1 year at most		VZ2	20 437 629	7,8%	18 953 627	-31,1%	27 526 644
More than 1 year and 5 years at most		VZ3	9 248 362	-3,1%	9 547 113	12,9%	8 459 562
More than 5 years		VZ4	0	0%	410 901	-77,0%	1 784 662

Details

			31/12/2011		31/12/2010		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	3 740 323	-34,6%	5 721 372	0%	0
1 year at most		VG2	1 241 961	-50,6%	2 513 358	0%	0
More than 1 year and 5 years at most		VG3	2 498 362	-10,7%	2 797 113	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	9 357 550
1 year at most		VH2	0	0%	0	0%	4 738 326
More than 1 year and 5 years at most		VH3	0	0%	0	0%	2 834 562
	Loans and various financial liabilities (gross)	8A1	24 516	29,2%	18 973	-4,6%	19 884
1 year at most		8A2	24 516	29,2%	18 973	-4,6%	19 884
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	11 819 626	5,8%	11 170 487	-27,4%	15 395 703
1 year at most		8B2	11 819 626	5,8%	11 170 487	-27,4%	15 395 703
More than 1 year and 5 years at most		8B3	11 819 626	5,8%	11 170 487	0%	0
	Personnel and associated accounts (gross)	8C1	1 917 537	0,7%	1 903 643	22,7%	1 551 878
1 year at most		8C2	1 917 537	0,7%	1 903 643	22,7%	1 551 878
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	3 105 524	187,6%	1 079 650	7,4%	1 005 630
1 year at most		8D2	3 105 524	187,6%	1 079 650	7,4%	1 005 630
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	333 613	-3,3%	345 040	-1,6%	350 566
1 year at most		VW2	333 613	-3,3%	345 040	-1,6%	350 566
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	262 337	6,8%	245 650	-48,9%	480 321
1 year at most		VQ2	262 337	6,8%	245 650	-48,9%	480 321
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	6 800 546	0,5%	6 763 814	-9,7%	7 487 859
1 year at most		8J2	50 546	265,9%	13 814	-99,3%	1 862 859
More than 1 year and 5 years at most		8J3	6 750 000	0%	6 750 000	20,0%	5 625 000
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	0%	0
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	619 210	-30,5%	891 523	-17,9%	1 085 478
1 year at most		8K2	619 210	-30,5%	891 523	-17,9%	1 085 478
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	1 062 758	37,8%	771 487	-25,5%	1 036 000
1 year at most		8L2	1 062 758	37,8%	771 487	-25,5%	1 036 000
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2008
Loans made during the period	VJ	5 543	0%	0	0%	3 127 481
Debt repaid during the period	VK	696 794	-9,4%	769 124	3,3%	744 716

Table allocation results and other information
Dividends distributed

			31/12/2011		31/12/2010		31/12/2008
	Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2011		31/12/2010		31/12/2008
Commitments leasing furniture	YQ	0	0%	0	0%	5 040
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

		31/12/2011		31/12/2010		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

		31/12/2011		31/12/2010		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

		31/12/2011		31/12/2010		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

			31/12/2011		31/12/2010		31/12/2008
	Average number of employees	YP	365	2,2%	357	-3,0%	368

Groups and Shareholders

			31/12/2011		31/12/2010		31/12/2008
	Groups and Shareholders	ZR	0	-	0	-	-

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

Structure and Liquidity

	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Fixed Asset Financing	1,28	-1,5%	1,30	4,0%	1,25	2,01	-36,3%
Global Debt	129 days	0,8%	128 days	-3,8%	133 days	143 days	-9,8%
Working Capital Fund overall net	97 days	-9,3%	107 days	44,6%	74 days	52 days	86,5%
Financial independence	1929,17%	49,9%	1286,55%	71,4%	750,74%	377,07%	411,6%
More ratios
Solvability	69,95%	-1,2%	70,83%	11,5%	63,51%	28,40%	146,3%
Capacity debt futures	1156,61%	27,4%	907,90%	-38,8%	1482,61%	944,29%	22,5%
Coverage of current assets by net working capital overall	38,22%	-6,8%	41,01%	10,2%	37,20%	34,68%	10,2%
General Liquidity	1,03	-7,2%	1,11	26,1%	0,88	0,41	151,2%
Restricted Liquidity	1,56	-10,3%	1,74	42,6%	1,22	0,76	105,3%

Management or rotation

	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Need background in operating working capital	46 days	-8,0%	50 days	31,6%	38 days	13 days	253,8%
Treasury	47 days	-11,3%	53 days	65,6%	32 days	7 days	571,4%
Inventory turnover of goods	200 days	-6,5%	214 days	19,6%	179 days	94 days	112,8%
Average length of credit granted to customers	78 days	-1,3%	79 days	19,7%	66 days	31 days	151,6%
Average length of credit obtained suppliers	71 days	0%	71 days	-4,1%	74 days	61,50 days	15,4%

Inventory turnover of raw materials in industrial enterprises	16 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	2011 days	-
Rotation tangible assets	329,69%	0,8%	326,97%	-16,1%	389,86%	2059,60%	-84,0%

Profitability of the business

	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Margin trading	63,90%	0,4%	63,66%	-2,2%	65,12	32,28%	98,0%
Profitability of the business	-4,22	-791,8%	0,61	-71,0%	2,10	3,13%	-234,8%
Net profit	-1,69%	-188,5%	1,91%	69,0%	1,13%	1,75%	-196,6%
More ratios
Growth rate of turnover (excluding VAT)	1,52%	0%	0%	0%	-0,79%	0%	0%
Rates integration	28,46%	-8,6%	31,15%	15,1%	27,06%	19,08%	49,2%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	106,62%	16,9%	91,19%	7,1%	85,12%	67,98%	56,8%
Weight interests	3,01	-22,2%	3,87%	45,5%	2,66%	0,23%	1208,7%

Return on capital

	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Cash flow from the overall profitability	-3,27%	-258,7%	2,06%	-17,6%	2,50%	2,37%	-238,0%
Rates of economic profitability	-5%	-600%	1%	-66,7%	3%	13%	-138,5%
Financial profitability	72157357%	-2,0%	73608473%	4,8%	70250878%	37968%	189947,8%
Return on investment	1,45%	-75,9%	6,01%	22,7%	4,90%	10,43%	-86,1%

Soldes Intermédiaires de Gestion

	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Turnover	83 751 003	1,5%	82 496 146	-20,0%	103 171 918	455 979 €	18267,3%

Sales of goods	83 369 511	1,6%	82 025 959	-20,0%	102 508 055
- Purchase of goods	31 158 007	1,9%	30 591 012	-21,8%	39 135 402
+/- Stock of goods variation	-1 307 863	-20,6%	-1 084 307	71,6%	-3 816 331
Trading margin	53 519 367 €	1,9%	52 519 254 €	-21,8%	67 188 984 €	119 263 €	44775,1%
	63,90 % CA	0,4%	63,66 % CA	-2,2%	65,12 % CA	33,10 % CA	93,1%

Sale of goods produced	381 492	-18,9%	470 187	-29,2%	663 863
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	381 492 €	-18,9%	470 187 €	-29,2%	663 863 €	2 989 €	12663,2%
	0,46 % CA	-19,3%	0,57 % CA	-10,9%	0,64 % CA	1,19 % CA	-61,3%

Trading margin	53 519 367	1,9%	52 519 254	-21,8%	67 188 984	119 263	44775,1%
+ Period Production	381 492	-18,9%	470 187	-29,2%	663 863	2 989	12663,2%
- Purchase of raw materials	6 786 055	21,8%	5 570 294	-35,9%	8 683 815
+/- Change in stocks of raw materiels	-115 401	0%	0	0%	0
- Other external purchases and charges	23 396 302	7,7%	21 721 952	-30,5%	31 249 758
Added value	23 833 903 €	-7,3%	25 697 195 €	-8,0%	27 919 274 €	96 041 €	24716,4%
	28,46 % CA	-8,6%	31,15 % CA	15,1%	27,06 % CA	19,08 % CA	49,2%

Added value	23 833 903 €	-7,3%	25 697 195 €	-8,0%	27 919 274 €	96 041 €	24716,4%
+ Operating grants	22 070	206,5%	7 200	-67,6%	22 232
- Tax, duty and similar payments	1 977 362	11,5%	1 773 055	-11,7%	2 009 049
- Personal charges	25 411 299	8,4%	23 432 001	-1,4%	23 766 150
Gross operating surplus	-3 532 688 €	-807,5%	499 339 €	-76,9%	2 166 307 €	12 599 €	-28139,4%
	-4,22 % CA	-791,8%	0,61 % CA	-71,0%	2,10 % CA	3,13 % CA	-234,8%

Gross operating surplus	-3 532 688 €	-807,5%	499 339 €	-76,9%	2 166 307 €	12 599 €	-28139,4%
+ Release of reserves and provisions	3 524 543	3,7%	3 399 708	37,7%	2 469 778
+ Other operating income	3 775 479	-11,8%	4 280 338	0,8%	4 246 313
- Depreciation/Amortisation	4 993 150	-2,7%	5 133 006	-19,8%	6 400 406
- Other charges	288 126	-54,1%	628 356	47,1%	427 277
Operating result	-1 513 942 €	-162,6%	2 418 023 €	17,7%	2 054 715 €	9 237 €	-16490,0%
	-1,81 % CA	-161,8%	2,93 % CA	47,2%	1,99 % CA	2,34 % CA	-177,4%

Operating result	-1 513 942 €	-162,6%	2 418 023 €	17,7%	2 054 715 €	9 237 €	-16490,0%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	2 343 774	-15,5%	2 774 604	15,0%	2 411 696
- Financial charges	2 519 490	-21,1%	3 193 986	16,6%	2 740 278
Pre-tax result	-1 689 658 €	-184,5%	1 998 641 €	15,8%	1 726 133 €	7 573 €	-22411,6%
	-2,02 % CA	-183,5%	2,42 % CA	44,9%	1,67 % CA	1,91 % CA	-205,8%

Extraordinary income	157 107	-77,0%	683 781	360,1%	148 613	0	0%
- Extraordinary charges	175 928	-73,3%	658 177	35,1%	487 173
Extraordinary result	-18 821 €	-173,5%	25 604 €	107,6%	-338 560 €	0 €	0%
	-0,02 % CA	-166,7%	0,03 % CA	109,1%	0 % CA	0 % CA	0%

Pre-tax result	-1 689 658 €	-184,5%	1 998 641 €	15,8%	1 726 133 €	7 573 €	-22411,6%
Extraordinary result	-18 821 €	-173,5%	25 604 €	107,6%	-338 560 €	0 €	0%
- Employee profit sharing	0	0%	155 142	1136,0%	12 552
- Tax on profits	-291 149	-200%	291 149	38,7%	209 916
Net result	-1 417 330 €	-189,8%	1 577 954 €	35,4%	1 165 105 €	7 802 €	-18266,2%
	-1,69 % CA	-188,5%	1,91 % CA	69,0%	1,13 % CA	1,75 % CA	-196,6%

Company Name

SIREN

Last account

Turnover

CLERMA (G.B.) LIMITED

02260165

31/12/2011

1 024 001 £

Consolidated Accounts

Active Account | Passive Account | Account Results | Consolidation

Synthesized Accounts

Annual Accounts	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Consolidated	Consolidated	Consolidated
Activity Code	4642Z	4642Z	4642Z

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008
Capital not called	0	0%	0	0%	0
Total fixed assets	57 345 775	-3,3%	59 275 537	-7,7%	64 215 711
- Intangible assets	44 281 272	-0,1%	44 337 651	-3,1%	45 752 773
- Tangible assets	12 089 769	-12,3%	13 784 278	-20,2%	17 265 560
- Financial assets	974 734	-15,5%	1 153 608	-3,7%	1 197 378
Net current assets	50 412 684	2,7%	49 079 950	-8,3%	53 537 849
- Stocks	17 198 528	4,1%	16 521 142	-17,3%	19 983 207
- Advanced payments	18 086	-13,7%	20 962	10,0%	19 059
- Receivables	17 612 141	7,2%	16 424 779	-20,0%	20 531 436
- Securities and cash	15 583 929	-3,3%	16 113 067	23,9%	13 004 146
Accounts of regularization	0	0%	0	0%	0
Total Assets	107 758 459	-0,6%	108 355 487	-8,0%	117 753 560

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008
Shareholders' equity	72 102 802	1,4%	71 110 864	-0,6%	71 525 483
Share capital	695 849	0%	695 849	0%	695 849
Other capital resources	0	0%	0	0%	0
Risk Provisions	4 593 484	4,3%	4 406 097	-11,8%	4 993 140
Liabilities	31 050 670	-5,4%	32 820 744	-20,4%	41 215 058
- Financial liabilities	6 650 167	-19,5%	8 257 980	-29,0%	11 628 010
- Advanced payments received	437 568	363,3%	94 455	-70,4%	319 570
- Trade account payables	11 570 595	8,5%	10 665 720	-32,5%	15 809 914
- Tax and social liabilities	3 932 984	-5,7%	4 169 542	9,3%	3 813 664
- Other debts and fixed assets liabilities	7 687 868	-5,0%	8 092 437	-6,0%	8 607 900
Account regularization	771 488	-49,9%	1 540 610	48,7%	1 036 000
Total liabilities	107 758 459	-0,6%	108 355 487	-8,0%	117 753 560

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008
Sales of Goods	97 535 821	-3,6%	101 141 465	-15,1%	119 125 237
Net turnover	89 602 716	-2,2%	91 583 487	-18,0%	111 753 464
- of which net export turnover	45 548 713	-3,4%	47 173 319	-20,0%	58 989 927
Operating charges	95 165 200	-3,0%	98 089 937	-15,5%	116 083 444
Operating profit/loss	2 370 621	-22,3%	3 051 528	0,3%	3 041 793
Financial income	1 477 577	16,9%	1 263 430	16,7%	1 082 782
Financial charges	1 295 096	-17,4%	1 567 637	-31,0%	2 272 443
Financial profit/loss	182 481	160,0%	-304 207	74,4%	-1 189 661
Pretax net operating income	2 553 102	-7,1%	2 747 321	48,3%	1 852 132
Extraordinary income	567 261	-37,0%	900 100	0%	0
Extraordinary charges	898 835	-71,3%	3 133 316	938,7%	301 664
Extraordinary profit/loss	-331 574	85,2%	-2 233 216	-640,3%	-301 664

Consolidation

Annual Accounts	31/12/2010		31/12/2009		31/12/2008
Net result before amortisation of goodwill	1 095 898	14117,6%	-7 818	-101,4%	564 440
Goodwill amortisation allocation	0	0%	0	0%	0
Net result of equity affiliates companies	0	0%	0	0%	0
Net result of integrated companies	0	0%	0	0%	0
Group result (consolidated net result)	1 095 898	14117,6%	-7 818	-101,4%	564 440
Share of minority interest (Result except group)	3 084	-7,7%	3 342	-41,0%	5 663
Net result - group share (part of parent company)	1 092 814	9892,2%	-11 160	-102,0%	558 777

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	107 758 459	-0,6%	108 355 487	-8,0%	117 753 560
Gross	CO	132 635 989	0,4%	132 167 178	-5,3%	139 623 680
Amortisation	1A	24 877 530	4,5%	23 811 691	8,9%	21 870 120

Capital subscribed not called (I)

			31/12/2010		31/12/2009		31/12/2008
	Capital suscribed not called (I)	AA3	0	0%	0	0%	0

Active fixed asset (II)

		31/12/2010		31/12/2009		31/12/2008
Total Active fixed asset (II)	Net	57 345 775	-3,3%	59 275 537	-7,7%	64 215 711
Gross	BJ	78 139 185	-0,7%	78 677 592	-3,8%	81 765 500
Amortisation	BK	20 793 410	7,2%	19 402 055	10,6%	17 549 789

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	35 162 545	-0,2%	35 216 098	-0,3%	35 334 632
Gross	AF	36 085 765	0,2%	36 018 412	0,0%	36 008 692
Amortisation	AG	923 220	15,1%	802 314	19,0%	674 060
Goodwill	Net	8 608 580	0,0%	8 611 406	-13,1%	9 907 994
Gross	AH	8 608 580	0,0%	8 611 406	-13,1%	9 907 994
Amortisation	AI	0	0%	0	0%	0
Other intangible fixed assets	Net	498 509	0%	498 509	0%	498 509
Gross	AJ	503 082	0%	503 082	0%	503 082
Amortisation	AK	4 573	0%	4 573	0%	4 573
Pre-payments and downpayments	Net	11 638	0%	11 638	0%	11 638
Gross	AL	11 638	0%	11 638	0%	11 638
Amortisation	AM	0	0%	0	0%	0

Tangilble fixed assets

		31/12/2010		31/12/2009		31/12/2008
Acquisition difference	Net	0	0%	0	0%	0
Gross	A11	0	0%	0	0%	0
Amortisation	A12	0	0%	0	0%	0
Goodwill	Net	0	0%	0	0%	0
Gross	A21	0	0%	0	0%	0
Amortisation	A22	0	0%	0	0%	0
Difference from the first consolidation	Net	0	0%	0	0%	0
Gross	A31	0	0%	0	0%	0
Amortisation	A32	0	0%	0	0%	0
Lands	Net	10 793	0%	10 793	0%	10 793
Gross	AN	10 793	0%	10 793	0%	10 793
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	1 487 013	-5,9%	1 579 504	-5,5%	1 671 996
Gross	AP	2 363 882	0%	2 363 882	0%	2 363 882
Amortisation	AQ	876 869	11,8%	784 378	13,4%	691 886
Plant	Net	19 664	-66,0%	57 758	-49,2%	113 674
Gross	AR	1 550 020	0,1%	1 549 221	-0,1%	1 551 233
Amortisation	AS	1 530 356	2,6%	1 491 463	3,7%	1 437 559
Other tangible fixed assets	Net	10 572 299	-12,6%	12 091 737	-19,8%	15 083 913
Gross	AT	28 024 616	-1,3%	28 406 108	-4,7%	29 820 392
Amortisation	AU	17 452 317	7,0%	16 314 371	10,7%	14 736 479
Fixed assets in construction	Net	0	0%	43 451	-88,7%	384 149
Gross	AV	0	0%	43 451	-88,7%	384 149
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	1 035	0%	1 035
Gross	AX	0	0%	1 035	0%	1 035
Amortisation	AY	0	0%	0	0%	0

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	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0	0%	0	0%	0
Other financial assets	Net	974 734	-15,5%	1 153 608	-3,7%	1 197 378
Gross	BH	980 809	-15,3%	1 158 564	-3,7%	1 202 610
Amortisation	BI	6 075	22,6%	4 956	-5,3%	5 232
Other financial assets	Net	0	0%	0	0%	0
Gross	A41	0	0%	0	0%	0
Amortisation	A42	0	0%	0	0%	0

Current Assets (III)

		31/12/2010		31/12/2009		31/12/2008
Total Assets	Net	50 412 684	2,7%	49 079 950	-8,3%	53 537 849
Gross	CJ	54 496 804	1,9%	53 489 586	-7,6%	57 858 180
Amortisation	CK	4 084 120	-7,4%	4 409 636	2,1%	4 320 331

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	1 240 697	8,8%	1 140 199	-53,5%	2 449 548
Gross	BP	1 240 697	8,8%	1 140 199	-53,5%	2 449 548
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	15 957 831	3,8%	15 380 943	-12,3%	17 533 659
Gross	BT	18 838 384	3,7%	18 158 524	-9,2%	20 006 861
Amortisation	BU	2 880 553	3,7%	2 777 581	12,3%	2 473 202

Advance payments to suppliers

		31/12/2010		31/12/2009		31/12/2008
Advance payments to suppliers	Net	18 086	-13,7%	20 962	10,0%	19 059
Gross	BV	18 086	-13,7%	20 962	10,0%	19 059
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2010		31/12/2009		31/12/2008
Trade accounts receivable	Net	13 371 190	10,9%	12 060 888	-12,0%	13 707 653
Gross	BX	14 483 490	9,3%	13 254 176	-11,8%	15 022 488
Amortisation	BY	1 112 300	-6,8%	1 193 288	-9,2%	1 314 835
Other debtors	Net	2 190 177	-23,1%	2 848 726	-12,5%	3 256 094
Gross	BZ	2 190 177	-23,1%	2 848 726	-12,5%	3 256 094
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

Divers

		31/12/2010		31/12/2009		31/12/2008
Investment securities	Net	11 278 638	-6,2%	12 019 962	46,4%	8 210 675
Gross	CD	11 369 905	-8,7%	12 458 729	42,5%	8 742 969
Amortisation	CE	91 267	-79,2%	438 767	-17,6%	532 294
Cash and cash equivalents	Net	4 305 291	5,2%	4 093 105	-14,6%	4 793 471
Gross	CF	4 305 291	5,2%	4 093 105	-14,6%	4 793 471
Amortisation	CG	0	0%	0	0%	0

Prepaid expenses

		31/12/2010		31/12/2009		31/12/2008
Prepaid expenses	Net	2 050 774	35,3%	1 515 165	-57,5%	3 567 689
Gross	CH	2 050 774	35,3%	1 515 165	-57,5%	3 567 689
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
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

			31/12/2010		31/12/2009		31/12/2008
	Grand Total (I to IV)	EE	107 758 459	-0,6%	108 355 487	-8,0%	117 753 560

Shareholder Equity (I)

		31/12/2010		31/12/2009		31/12/2008
Total shareholders' equity (Total I)	DL	72 102 802	1,4%	71 110 864	-0,6%	71 525 483
Equity and shareholders' equity	DA	695 849	0%	695 849	0%	695 849
Issue and merger premiums	DB	886 440	0%	886 440	0%	886 440
Revaluation differentials	DC	91 469	0%	91 469	0%	91 469
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	76 225	0%	76 225	0%	76 225
Statutory or contractual reserve	DE	0	0%	0	0%	0
Special regulated reserves	DF	0	0%	0	0%	0
Other reserves	DG	47 739 378	-3,8%	49 643 227	-2,0%	50 652 902
Profits or losses brought forward	DH	21 188 049	9,8%	19 292 262	6,4%	18 127 158
Conversion differences	P1	332 578	-23,8%	436 552	0,0%	436 663
Net result - group part	P2	1 092 814	9892,2%	-11 160	-102,0%	558 777
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
Others	P3	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	4 593 484	4,3%	4 406 097	-11,8%	4 993 140
Conversion differences	P4	0	0%	0	0%	0
In reserves	P5	8 419	-41,7%	14 440	1,6%	14 216
In results	P6	3 084	-7,7%	3 342	-41,0%	5 663
Total III	P7	11 503	-35,3%	17 782	-10,5%	19 879
Delayed tax	P8	1 709 801	18,3%	1 445 746	1,0%	1 431 370
Acquisition differences	P9	0	0%	0	0%	0
Risk provisions	DP	2 883 683	-2,6%	2 960 351	-16,9%	3 561 770
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	31 050 670	-5,4%	32 820 744	-20,4%	41 215 058
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	6 649 680	-19,5%	8 257 493	-29,0%	11 627 523
Sundry loans and financial liabilities	DV	487	0%	487	0%	487
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	437 568	363,3%	94 455	-70,4%	319 570
Trade accounts payables	DX	11 570 595	8,5%	10 665 720	-32,5%	15 809 914
Tax and social security liabilities	DY	3 932 984	-5,7%	4 169 542	9,3%	3 813 664
Fixed asset liabilities	DZ	6 763 814	0,1%	6 755 716	-9,8%	7 487 859
Other debts	EA	924 054	-30,9%	1 336 721	19,3%	1 120 041

Translation loss (V)

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

Equalization accounts

			31/12/2010		31/12/2009		31/12/2008
	Deferred income	EB	771 488	-49,9%	1 540 610	48,7%	1 036 000

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	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

			31/12/2010		31/12/2009		31/12/2008
	Operating result (Total I-II)	GG	2 370 621	-22,3%	3 051 528	0,3%	3 041 793

2 - Financial result (V - VI)

			31/12/2010		31/12/2009		31/12/2008
	Financial result (Total V-VI)	GV	182 481	160,0%	-304 207	74,4%	-1 189 661

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

			31/12/2010		31/12/2009		31/12/2008
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	2 553 102	-7,1%	2 747 321	48,3%	1 852 132

4 - Extraordinary result (VII-VIII)

			31/12/2010		31/12/2009		31/12/2008
	Extraordinary result (Total VII-VIII)	HI	-331 574	85,2%	-2 233 216	-640,3%	-301 664

Consolidation

		31/12/2010		31/12/2009		31/12/2008
Delayed tax	R1	531 567	505,4%	-131 120	-119,6%	669 345
Net result before amortisation of acquisition differences	R2	1 095 898	14117,6%	-7 818	-101,4%	564 440
Endowment to amortisation of acquisition differences	R3	0	0%	0	0%	0
Net result of companies set in equivalence	R4	0	0%	0	0%	0
Net result of integrated companies	R5	0	0%	0	0%	0
Group result (consolidated net result)	R6	1 095 898	14117,6%	-7 818	-101,4%	564 440
Cross-reference : equipment leasing	R7	3 084	-7,7%	3 342	-41,0%	5 663
Cross-reference : property leasing	R8	1 092 814	9892,2%	-11 160	-102,0%	558 777

Operating income (I)

			31/12/2010		31/12/2009		31/12/2008
	Total operating income (Total I)	FR	97 535 821	-3,6%	101 141 465	-15,1%	119 125 237

Operating income (details)

		31/12/2010		31/12/2009		31/12/2008
Sale of goods for resale	FC	89 098 176	-2,3%	91 154 319	-17,9%	111 029 899
France	FA	43 707 261	-1,2%	44 233 480	-15,6%	52 393 046
Export	FB	45 390 915	-3,3%	46 920 839	-20,0%	58 636 853
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	504 540	17,6%	429 168	-40,7%	723 564
France	FG	346 742	96,2%	176 688	-52,3%	370 491
Export	FH	157 798	-37,5%	252 480	-28,5%	353 074
Net turnover	FL	89 602 716	-2,2%	91 583 487	-18,0%	111 753 464
France	FJ	44 054 003	-0,8%	44 410 168	-15,8%	52 763 537
Export	FK	45 548 713	-3,4%	47 173 319	-20,0%	58 989 927
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	7 200	-73,9%	27 630	24,3%	22 232
Release of reserves and provisions	FP	3 780 811	-20,1%	4 731 456	49,1%	3 174 304
Other income	FQ	4 145 094	-13,6%	4 798 892	14,9%	4 175 237

Operating charges (II)

			31/12/2010		31/12/2009		31/12/2008
	Total operating charges (Total II)	GF	95 165 200	-3,0%	98 089 937	-15,5%	116 083 444

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	30 556 766	1,5%	30 100 028	-23,0%	39 074 779
Change in stocks of goods for resale	FT	-723 939	-123,0%	3 153 630	179,8%	-3 953 685
Purchase of raw materials	FU	5 588 788	3,6%	5 396 688	-38,0%	8 709 351
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	25 856 072	-1,9%	26 352 093	-26,2%	35 720 013
Tax, duty and similar payments	FX	2 080 640	14,1%	1 822 884	-15,6%	2 160 082
Payroll	FY	18 072 775	4,3%	17 328 268	-9,3%	19 113 887
Social security costs	FZ	7 336 478	2,3%	7 169 665	-7,1%	7 713 973

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	2 266 666	-9,9%	2 514 374	-2,7%	2 584 947
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	2 987 580	5,8%	2 822 769	8,1%	2 610 100
Provisions for risks and charges	GD	506 533	-20,4%	636 176	-66,5%	1 897 322

Other charges

			31/12/2010		31/12/2009		31/12/2008
	Other charges	GE	636 841	-19,7%	793 362	75,3%	452 675

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	1 477 577	16,9%	1 263 430	16,7%	1 082 782
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	20 064	-60,5%	50 830	-68,3%	160 216
Released provisions and transferred charges	GM	438 767	-17,6%	532 294	681,9%	68 075
Exchange gains	GN	957 951	62,0%	591 352	-9,3%	652 198
Net income from disposal of investment securities	GO	60 795	-31,7%	88 954	-56,0%	202 293

Financial Charge (VI)

		31/12/2010		31/12/2009		31/12/2008
Total financial charge (Total VI)	GU	1 295 096	-17,4%	1 567 637	-31,0%	2 272 443
Financial reserves and provisions	GQ	91 265	-79,2%	438 767	-17,6%	532 294
Interest and similar charges	GR	316 669	-24,6%	420 261	-36,9%	666 337
Exchange losses	GS	544 011	-7,6%	588 634	-44,7%	1 063 919
Net loss from disposal of investment securities	GT	343 151	186,0%	119 975	1112,7%	9 893

Financial Charge (VII)

		31/12/2010		31/12/2009		31/12/2008
Total extraordinary income (Total VII)	HD	567 261	-37,0%	900 100	0%	0
Extraordinary operating income	HA	0	0%	0	0%	0
Extraordinary income from capital transactions	HB	101 708	-88,7%	900 100	0%	0
Released provisions and transferred charges	HC	465 553	0%	0	0%	0

Extraordinary charges (VIII)

		31/12/2010		31/12/2009		31/12/2008
Total extraordinary charges (Total VIII)	HH	898 835	-71,3%	3 133 316	938,7%	301 664
Extraordinary operating charges	HE	166 036	2263,8%	7 024	-40,3%	11 764
Extraordinary charges from capital transactions	HF	629 636	-73,4%	2 370 993	717,9%	289 900
Extraordinary reserves and provisions	HG	103 163	-86,3%	755 299	0%	0

Employee profit sharing (IX)

			31/12/2010		31/12/2009		31/12/2008
	Employee profit sharing (Total IX)	HJ	155 142	-60,5%	392 818	2970,8%	12 792

Tax on profits (X)

			31/12/2010		31/12/2009		31/12/2008
	Tax on profits (Total X)	HK	438 921	68,7%	260 225	-14,4%	303 891

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

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
Fixed Asset Financing	1,33	1,5%	1,31	1,6%	1,29
Global Debt	124,75 days	-3,3%	129,01 days	-2,8%	132,77 days
Working Capital Fund overall net	104,46 days	8,5%	96,30 days	24,9%	77,09 days
Financial independence	1084,30%	25,9%	861,17%	40,0%	615,14%
More ratios
Solvability	66,91%	2,0%	65,63%	8,1%	60,74%

Management or rotation

	31/12/2010		31/12/2009		31/12/2008
Need background in operating working capital	36,76 days	10,9%	33,14 days	22,2%	27,11 days
Treasury	62,98 days	-3,2%	65,06 days	49,2%	43,61 days
Inventory turnover of goods	227,33 days	15,6%	196,58 days	-4,1%	205,08 days
More ratios
Inventory turnover of raw materials in industrial enterprises	0 days	0%	0 days	0%	0 days
Inventory turnover of intermediate and finished products in the industrial enterprise	0 days	0%	0 days	0%	0 days

Profitability of the business

	31/12/2010		31/12/2009		31/12/2008
Margin trading	89098142,71%	-2,3%	91154282,69%	-17,9%	111029867,57
Profitability of the business	0,94	203,2%	0,31	-89,3%	2,90
More ratios
Rates integration	31,61%	8,9%	29,02%	0,7%	28,82%
Rate leasing furniture	0%	0%	0%	0%	0%
Weight interests	1,45	-15,2%	1,71%	-15,8%	2,03%

Return on capital

	31/12/2010		31/12/2009		31/12/2008
Rates of economic profitability	1,07%	197,2%	0,36%	-90,7%	3,89%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Company details

Activity (APE)	Wholesale (intercompany trade) of clothing and footwear (4642Z)
RCS Registration	RCS Paris 6 652 040 817	Share capital	695,849 Euros
Registration Court	Paris (75)	Legal form	Public limited company with board of directors
Court Registry Number	19 6 5B040	EUR VAT Number	FR93652040817
Incorporation Date	08/1965	Formation Date	01/1965
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Trade name	SONIA RYKIEL
Activity (APE)	Fabrication de vêtements de dessus (1413Z)	Business Pages FT®
Postal Address	SONIA RYKIEL CDM 175 BD SAINT GERMAIN 75006 PARIS 6	Trading Address	175 BOULEVARD SAINT GERMAIN 75006 PARIS 6
Telephone	01 42 22 16 16
Fax

Type	Secondary establishment	Status	Economically active
Formation Date	11/1986	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Paris (75)	Region	Ile-de-France
District	1	Area	99
City	PARIS 6	Size of urban area	Paris conglomeration

Other establishments

	Branches	20 branch entities in this company

	Head office	> SONIA RYKIEL CDM <<< - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in PARIS 6 (75006)

	Secondary establishments	> SONIA RYKIEL CDM - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in SERRIS (77700) > SONIA RYKIEL CDM - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in PARIS 7 (75007) > SONIA RYKIEL CDM - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in LILLE (59800) > SONIA RYKIEL CDM - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in DEAUVILLE (14800) > ...

	Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce in same area

	Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 50 to 80% of workforce

Workforces

Workforce at address

100 to 199 employees

Company workforce

250 to 499 employees

Preferential rights details and history

Summary of preferential rights

Company monitored since	13/12/2007
Status of Monitoring	No social security and tax office preferential right to date

Social security, pension funds preferential rights

Number of preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

31001754

27/01/2010

15/03/2010

CRICA

3 790 EUR

Reason for closure	Crossed Off
Court	Paris
Description	Sommes dues au 31/10/2009
Creditor	CRICA
Debtor	SA SONIA RYKIEL CREATION DIFFUSION DE MODELES CDM 175 BD SAINT GERMAIN 75006 PARIS

Publication date	Gazette Name	Description
24/10/2012	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 13839 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société anonyme. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
24/10/2012	Bodacc C	Comptes annuels, consolidés et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 13840 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société anonyme. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
03/10/2012	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1358 - 652 040 817 RCS Paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société anonyme. Administration : Commissaire aux comptes titulaire partant : HOCHE AUDIT, nomination du Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT, Commissaire aux comptes suppléant partant : Payebien Champion, Florence, nomination du Commissaire aux comptes suppléant : Chaumartin-Roesch, Anik. Capital : 695849 EUR. Activité : . Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Commentaires : modification survenue sur l'administration.
07/06/2012	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1044 - 652 040 817 RCS Paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société anonyme. Administration : modification du Président du conseil d'administration Loubier, Jean-Marc, Membre du Directoire partant : Loubier, Jean-Marc, nomination du Directeur général et Administrateur : Langon, Eric, modification de l'Administrateur Rykiel, Nathalie, modification de l'Administrateur Hefer, Giles, modification de l'Administrateur Tsui, Monica, modification du Commissaire aux comptes suppléant Payebien Champion, Florence, modification du Commissaire aux comptes suppléant Nahum, William. Capital : 695849 EUR. Activité : . Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Commentaires : modification survenue sur la forme juridique et l'administration.
27/05/2012	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 267 - 652 040 817 RCS Paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Administration : nomination du Président : Loubier, Jean-Marc, Directeur général et Membre du Directoire partant : Flis Dite Sonia Rykiel, Sonia, Président du conseil de surveillance partant : Rykiel, Jean-Philippe, nomination du Président du conseil de surveillance : Hefer, Giles, modification du Vice-Président et Membre du conseil de surveillance Rykiel, Nathalie, Vice-Président et Membre du conseil de surveillance partant : Flis, nom d'usage : Zonabend, Francoise, nomination du Membre du Directoire : Loubier, Jean-Marc, Membre du conseil de surveillance partant : Burstein, nom d'usage : Burstein-Rykiel, Tatiana, nomination du Membre du conseil de surveillance : Tsui, Monica. Capital : 695849 EUR. Activité : . Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Commentaires : modification survenue sur l'administration.
16/05/2012	JAL	Appointment of the social representative

Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 16/04/2012 Société faisant l'objet d'une nomination : 652040817 - SONIA RYKIEL CDM, 175 BD SAINT GERMAIN, 75006 PARIS 6 Nominé : Monsieur Jean-Marc LOUBIER, 75008 PARIS 08 En la fonction de : Président du Conseil d'Administration Nominé : Madame Nathalie RYKIEL, 75007 PARIS 07 En la fonction de : Administrateur Nominé : Monsieur Eric LANGON, 75011 PARIS 11 En la fonction de : Administrateur Nominé : Madame Monica TSUI, MID-LEVELS En la fonction de : Administrateur Nominé : Monsieur Giles HEFER, SW114BP LONDRES En la fonction de : Administrateur Nominé : Monsieur Jean-Marc LOUBIER, 75008 PARIS 08 En la fonction de : Administrateur Nominé : Monsieur Eric LANGON, 75011 PARIS 11 En la fonction de : Directeur général
26/04/2012	JAL	Appointment of the social representative

Gazette du palais (La) Date de décision : 17/02/2012 Société faisant l'objet d'une nomination : 652040817 - SONIA RYKIEL CDM, 175 BD SAINT GERMAIN, 75006 PARIS 6 Nominé : Madame Nathalie RYKIEL, 75007 PARIS 07 En la fonction de : Président du Conseil de Surveillance Nominé : Monsieur Giles HEFER, 75007 LONDRES En la fonction de : Président du Conseil de Surveillance Nominé : Monsieur Jean-Marc LOUBIER, 75001 PARIS 01 En la fonction de : Président Nominé : Madame Nathalie RYKIEL, 75007 PARIS 07 En la fonction de : Président Nominé : Monsieur Jean-Marc LOUBIER, 75001 PARIS 01 En la fonction de : Membre du Directoire Nominé : Madame Monica TSUI, MID-LEVELS En la fonction de : Membre du Conseil de Surveillance Nominé : Monsieur Giles HEFER, 75007 LONDRES En la fonction de : Membre du Conseil de Surveillance Nominé : Madame Nathalie RYKIEL, 75007 PARIS 07 En la fonction de : Membre du Conseil de Surveillance
26/04/2012	JAL	Resignation / Revocation of the social representative

Gazette du palais (La) Date de décision : 17/02/2012 La société 652040817 - SONIA RYKIEL CDM, 175 BD SAINT GERMAIN, 75006 PARIS 6 Fait l'objet du départ de Monsieur Jean-Philippe RYKIEL, De Madame Françoise FLIS, De Madame Sonia RYKIEL, De Madame Nathalie RYKIEL, 60 Rue des Saints-Pères, 75007, PARIS 07, De Madame Tatiana BURSTEIN, De Madame Françoise FLIS, De Monsieur Jean-Philippe RYKIEL, De Madame Sonia RYKIEL
18/10/2010	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10808 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 BD SAINT GERMAIN 75006 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
18/10/2010	Bodacc C	Comptes annuels, consolidés et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10809 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 BD SAINT GERMAIN 75006 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
20/09/2009	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11519 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
20/09/2009	Bodacc C	Comptes annuels, consolidés et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11520 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
23/01/2009	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9701 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
23/01/2009	Bodacc C	Comptes consolidés et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9702 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
15/07/2008	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 696 - 652 040 817 RCS paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Administration : Président partant : Flis, nom d'usage : Dite Sonia Rykiel, Sonia, modification du Directeur général et Membre du Directoire Flis Dite Sonia Rykiel, Sonia, modification du Président et Président du Directoire Rykiel, Nathalie, Directeur général partant : Rykiel, Nathalie. Capital : 695849 EUR. Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Commentaires : modification survenue sur l'administration.
17/04/2008	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 910 - 652 040 817 RCS Paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Administration : modification du MEMBRE DU DIRECTOIRE RYKIEL, NATHALIE, modification du DIRECTEUR GENERAL RYKIEL, NATHALIE. Capital : 695849 EUR. Adresse du siège social : 175 BD SAINT GERMAIN, 75006 PARIS. Commentaires : Texte de la publication: RCS Paris B652040817. RC 65-B04081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Capital : 695 849 euros. Adresse du siège social : 175 BD SAINT GERMAIN 75006 PARIS. Commentaires : modification survenue sur l'administration. Administration : modification du MEMBRE DU DIRECTOIRE RYKIEL (NATHALIE), modification du DIRECTEUR GENERAL RYKIEL (NATHALIE).
28/12/2007	Bodacc C	Avis de dépôt des comptes

9105 - 652 040 817. RCS Paris SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: Société par actions simplifiée. Adresse du siège social: 175 boulevard Saint-Germain 75006 Paris. Comptes consolidés et rapport de l'exercice clos le: 31 décembre 2006.
28/12/2007	Bodacc C	Avis de dépôt des comptes

9106 - 652 040 817. RCS Paris SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: Société par actions simplifiée. Adresse du siège social: 175 boulevard Saint-Germain 75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
20/06/2007	Bodacc B	Modifications et mutations diverses

1163 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A.S. Capital : 695 849 euros. Adresse du siège social : 175 boulevard Saint-Germain,, 75006 Commentaires : modification survenue sur le capital (diminution).
18/02/2007	Bodacc C	Avis de dépôt des comptes

8429 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 175, boulevard Saint Germain,Paris, 75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
18/02/2007	Bodacc C	Avis de dépôt des comptes

8430 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 175, boulevard Saint Germain,Paris, 75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
04/02/2007	Bodacc B	Modifications et mutations diverses

1637 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A.S. Capital : 770 000 euros. Adresse du siège social : 175 boulevard Saint-Germain,, 75006 Commentaires : modification survenue sur le capital (augmentation) et l'administration. Administration : modification d'un commissaire aux comptes titulaire : HOCHE AUDIT.
29/11/2006	Bodacc A	Vente et cession

0268 - RCS B 652 040 817. RC 06-B 3675. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Etablissement secondaire - Activité : achat, vente, distribution de tous articles de prêt-à-porter, de confection et d'accessoires de mode. Adresse : 21 rue Francis-Davso, 13001 Marseille. Etablissement secondaire acquis par achat au prix stipulé de 1 000 000 d'euros. Date de début d'activité : 25 octobre 2006. Précédent propriétaire : TOULOUSE TEXTILME MEX. RCS 410 303 622. Publication légale : Le Régional du 16 novembre 2006. Oppositions : Me Tatoni, 89 avenue du Prado, 13008 Marseille, pour la validité et la correspondance.
11/02/2006	Bodacc C	Avis de dépôt des comptes

5764 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 175, boulevard Saint Germain,Paris, 75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
11/02/2006	Bodacc C	Avis de dépôt des comptes

5765 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 175, boulevard Saint Germain,Paris, 75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
11/05/2005	Bodacc B	Modifications et mutations diverses

2756 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : nomination du président : FLIS (dite Sonia RYKIEL). Nomination d'un directeur général : RYKIEL-BURSTEIN (Nathalie).
17/03/2005	Bodacc C	Avis de dépôt des comptes

5086 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: société anonyme à directoire et conseil de surveillance. Adresse du siège social: 175, boulevard Saint Germain,75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
17/03/2005	Bodacc C	Avis de dépôt des comptes

5087 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: société anonyme à directoire et conseil de surveillance. Adresse du siège social: 175, boulevard Saint Germain,75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
04/03/2005	Bodacc B	Modifications et mutations diverses

1255 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. à directoire et conseil de surveillance. Commentaires : modification survenue sur l'administration. Administration : modification du président du directoire : FLIS dite SONIA RIKIEL (Sonia). Membre du conseil de surveillance partant : STANLOWA, née FLIS (Janine). Nomination d'un membre du conseil de surveillance : BURSTEIN (Tatiana) (Nom d'usage : BURSTEIN-RYKIEL).
17/09/2000	Bodacc B	Modifications et mutations diverses

RCS Paris B 652040817 RC 65-B 4081 SONIA RYKIEL-CREATION ET DIFFUSION DE MODELES. Forme : S.A. à directoire et conseil de surveillance. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes titulaire partant : BOURGIGNAT (Jacques). Nomination du commissaire aux comptes titulaire : GRAMET NAHUM ET ASSOCIES S. A. Commissaires aux comptes suppléants partants : GRAMET (Jean, Pierre) LA FIDUCIAIRE DE L'ETOILE. Nomination des commissaires aux comptes suppléants : PAYEBIEN-CHAMPION (Florence) NAHUM ( William).
27/01/2000	Bodacc B	Modifications et mutations diverses

*. RCS Paris B 652 040 817 RC 65-B 4081 SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. à directoire et conseil de surveillance. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification : président du conseil de surveillance : RYKIEL (Jean-Philippe). Nomination en qualité de vice président et membre du conseil de surveillance : Mme ZONABEND, née FLIS (Françoise). Modification : président du directoire : FLIS (Sonia), dite Sonia Rykiel Modification : membre du directoire : RYKIEL-BURSTEIN ( Nathalie). Nomination en qualité de membre du conseil de surveillance : Mme STANLOWA, née FLIS (Janine).
02/06/1999	Bodacc A	Création d'établissement

RCS *. RCS Nice B 652 040 817 SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. Capital : 5 000 000 de F. Adresse du siège social : 175, boulevard Saint-Germain 75006 Paris Etablissement principal: Adresse : 3, rue de Paradis 06000 Nice Droit au bail acquis par cession au prix stipulé de 3 950 000 F. Date d'effet : 1er mars 1999. Précédent propriétaire : : JAMA Max. RCS RCS A 964 717 425 Publication légale: Petites Affiches du 18 mars 1999. Oppositions : Me Biron Alain, Groupe Fiduciaire Fortuny, 24, rue Fortuny, 75017 Paris et au fonds, 3, rue de Paradis, 06000 Nice.
13/08/1997	Bodacc A	Création d'établissement

RCS Paris B 652 040 817 SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. Capital : 5 000 000 de F. Adresse du siège social : 175 boulevard Saint- Germain, 75006 Paris Fonds principal acquis par achat au prix stipulé de 1 550 000 F Etablissement principal: Activité : pret-à-porter dames et accessoires similaires ou connexes. Adresse : 61 rue Président-Edouard- Herriot, 69002 Lyon. Date d'effet : 1er juillet 1997 Précédente propriétaire STENFIELD. RCS Lyon B 384 457 230 Publication légale: Le Tout Lyon- Moniteur judiciaire du 24 juin 1997. Oppositions : office notarial, 9 rue Grolée, 69002 Lyon de la S.C.P. Bremens Dominique, Bremens François et Prébois Martine, notaires associés.
07/06/1996	Bodacc A	Création d'établissement

RCS B 652 040 817 SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. Capital : 5 000 000 de F. Adresse du siège social : 175, boulevard Saint- Germain, 75006 Paris. Fonds acquis par achat au prix stipulé de 300 000 F Etablissement principal: Adresse : 175, boulevard Saint-Germain, 75006 Paris ETABLISSEMENT SECONDAIRE. Activité : pret- à-porter de luxe et accessoires s'y rapportant. Adresse : rue du Casino, 14800 Deauville. Date d'effet : 12 avril 1996 Précédente propriétaire- exploitante S.A.R.L. HAFE. RCS Honfleur B 341 686 137 RC 90-B 97 Publication légale: Le Pays d'Auge du 19 avril 1996. Oppositions : en l'office notarial, 102, avenue de la République, 14800 Deauville.
11/02/1995	Bodacc B	Modifications et mutations diverses

RCS Paris B 652 040 817 RC 65-B 4081 SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. Administration : président du conseil d'administration : FLIS (Sonia). Directeur général et administrateur : RYKIEL (Nathalie). Administrateur : RYKIEL (Jean-Philippe). Commissaires aux comptes titulaires : INTECO BOURGIGNAT (Jacques). Commissaires aux comptes suppléants : GRAMET (Jean, Pierre) FIDUCIAIRE DE L' ETOILE. Commentaires : modification survenue sur l'administration.

Company events history

Date	Description
13/11/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
24/10/2012	Bodacc C : Deposit accounts notice
03/10/2012	Bodacc B: Various editing or changing
18/09/2012	New auditor
07/06/2012	Bodacc B: Various editing or changing
27/05/2012	Bodacc B: Various editing or changing
23/05/2012	Minutes of general meeting of shareholders
23/05/2012	Updated articles of association
23/05/2012	New chairman (CEO, CoB)
23/05/2012	Audit or Management Report
23/05/2012	New legal form – new category
23/05/2012	Changes to the Board of Directors
23/05/2012	Minutes of Board meeting
11/05/2012	Updated articles of association
11/05/2012	Minutes of general meeting of shareholders
11/05/2012	Appointment/resignation of company officers
11/05/2012	Changes to the Board of Directors
11/05/2012	New chairman (CEO, CoB)
11/05/2012	New manager
26/04/2012	Legal Gazette: Resignation / Revocation of the social representative
16/04/2012	Update of Company Legal Form
16/04/2012	Legal Gazette: Appointment of the social representative
16/04/2012	Modification to Company Identifier
02/03/2012	New ultimate parent
02/03/2012	New parent detected
17/02/2012	Legal Gazette: Appointment of the social representative
03/02/2012	New parent detected
31/12/2011	New accounts available
07/09/2011	Bodacc C : Deposit accounts notice
11/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
04/08/2011	Extension of term
04/08/2011	Updated articles of association
04/08/2011	Minutes of general meeting of shareholders
20/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/07/2011	Minutes of general meeting of shareholders
31/12/2010	New accounts available
31/12/2010	New consolidated accounts available
18/10/2010	Bodacc C : Deposit accounts notice
15/03/2010	Preferential right lapsed
27/01/2010	Unfiling of a Social Security preferential right
27/01/2010	New Filling of Social Security preferential right
11/01/2010	New subsidiarie(s) detected
31/12/2009	New accounts available
31/12/2009	New consolidated accounts available
20/09/2009	Bodacc C : Deposit accounts notice
27/07/2009	Minutes of general meeting of shareholders
27/07/2009	Amendment
27/07/2009	Private document
23/07/2009	PV d'Assemblée
23/07/2009	Minutes of general meeting of shareholders
23/01/2009	Bodacc C : Deposit accounts notice
31/12/2008	Update of Company Activity
31/12/2008	Modification of Company Activity
31/12/2008	New accounts available
31/12/2008	New consolidated accounts available
15/07/2008	Bodacc B: Various editing or changing
15/07/2008	New Bodacc B ads detected
20/06/2008	Requête et Ordonnance
20/06/2008	Application and court order
20/06/2008	Prorogation de durée
20/06/2008	Extension of term
17/04/2008	Bodacc B: Various editing or changing
31/12/2007	New accounts available
31/12/2007	New consolidated accounts available
13/12/2007	Collection of preferential rights activated for this company
11/12/2007	Changes to the Board of Directors
11/12/2007	Modification du Conseil d'Administration
11/12/2007	PV d'Assemblée
11/12/2007	Minutes of general meeting of shareholders
11/12/2007	Private document
11/12/2007	Appointment/resignation of company officers
11/12/2007	Changement de Président (PDG, PCA)
11/12/2007	New chairman (CEO, CoB)
18/05/2007	Updated articles of association
18/05/2007	Statuts mis à jour
18/05/2007	Minutes of general meeting of shareholders
18/05/2007	PV d'Assemblée
18/05/2007	Private document
18/05/2007	Réduction de Capital
18/05/2007	Capital reduction
12/04/2007	Other modification of Establishment
31/12/2006	New accounts available
31/12/2006	New consolidated accounts available
18/12/2006	Private document
18/12/2006	Appointment/resignation of company officers
18/12/2006	Minutes of general meeting of shareholders
18/12/2006	Statuts mis à jour
18/12/2006	Updated articles of association
18/12/2006	Capital reduction
18/12/2006	Capital increase
18/12/2006	PV d'Assemblée
15/12/2006	PV d'Assemblée
31/12/2005	New accounts available
01/04/2005	Changement de Forme Juridique avec changement de catégorie
01/04/2005	Changement de Forme Juridique sans changement de catégorie
01/04/2005	New legal form – no new category
01/04/2005	Changement de Président (PDG, PCA)
01/04/2005	Modification du Conseil d'Administration
01/04/2005	Acte sous seing privé
01/04/2005	Private document
01/04/2005	Appointment/resignation of company officers
01/04/2005	Nomination/démission des organes de gestion
01/04/2005	Minutes of general meeting of shareholders
01/04/2005	PV d'Assemblée
01/04/2005	Statuts mis à jour
01/04/2005	Updated articles of association
04/02/2005	Minutes of general meeting of shareholders
04/02/2005	Private document
04/02/2005	Acte sous seing privé
04/02/2005	Nomination/démission des organes de gestion
04/02/2005	Appointment/resignation of company officers
04/02/2005	PV d'Assemblée
04/02/2005	Modification du Conseil d'Administration
04/02/2005	Changes to the Board of Directors
02/02/2005	Private document
02/02/2005	Amendment
02/02/2005	Acte modificatif
02/02/2005	Updated articles of association
02/02/2005	Acte sous seing privé
02/02/2005	PV d'Assemblée
02/02/2005	Minutes of general meeting of shareholders
02/02/2005	Statuts mis à jour
31/12/2004	New accounts available
08/01/2004	PV d'Assemblée
08/01/2004	Acte modificatif
08/01/2004	Acte sous seing privé
31/12/2003	New accounts available
01/09/2000	Nomination/démission des organes de gestion
01/09/2000	PV d'Assemblée
01/09/2000	Acte sous seing privé
01/09/2000	Changement de Commissaire aux Comptes
12/01/2000	Changement de Président (PDG, PCA)
12/01/2000	Statuts mis à jour
12/01/2000	Nomination/démission des organes de gestion
12/01/2000	Acte sous seing privé
12/01/2000	PV d'Assemblée
12/01/2000	Modification du système d'administration des S.A.
30/10/1997	PV d'Assemblée
30/10/1997	Déclaration de conformité
30/10/1997	Fusion
30/10/1997	Acte sous seing privé
27/10/1997	Nomination/démission des organes de gestion
27/10/1997	Acte sous seing privé
27/10/1997	PV d'Assemblée
22/09/1997	Acte sous seing privé
22/09/1997	Rapport des Commissaires ou du Gérant
30/06/1997	Acte sous seing privé
30/06/1997	Projet de Fusion
12/06/1997	Acte sous seing privé
12/06/1997	Requête et Ordonnance
26/09/1995	Acte modificatif
26/09/1995	Nomination/démission des organes de gestion
26/09/1995	Modification du Conseil d'Administration
26/09/1995	PV d'Assemblée
26/09/1995	PV du Conseil d'Administration
30/01/1995	Acte modificatif
30/01/1995	Changement de Commissaire aux Comptes
30/01/1995	PV d'Assemblée
06/10/1993	Nomination/démission des organes de gestion
06/10/1993	PV d'Assemblée
06/10/1993	Modification du Conseil d'Administration
06/10/1993	Acte modificatif

NOTES & COMMENTS

Commentary

The comments are arranged in decreasing order of importance

The company has filed its accounts since the last rating

The net result is negative on the period : -1 513 942 €

The company has a parent

The company is more than 15 years old

The company has an activity presenting an increased risk

Tangible fixed assets are up to 9 653 145 €

The company has a share capital of 695 849 €, which is excellent

The company is in financial debt of 3 764 839 €

The financial result is negative on the period : -175 716 €

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.85
UK Pound	1	Rs.88.40
Euro	1	Rs.72.63

INFORMATION DETAILS

Report Prepared by :

SDA

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.

MIRA INFORM REPORT

REGISTERED NAME & COMPANY SUMMARY

DIRECTORS/MANAGEMENT

NEGATIVE INFORMATION

SHARE & SHARE CAPITAL INFORMATION

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

FINANCIAL INFORMATION

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Company events history

NOTES & COMMENTS

Unit