MIRA INFORM REPORT

Report Date :

24.02.2012

IDENTIFICATION DETAILS

Correct Name :	GALLOO FRANCE SA
Registered Office :	1 Rue Port Fluvial 1ere Ave, Bp 81, 59432 Halluin Cedex
Country :	France
Financials (as on) :	31.12.2008
Date of Incorporation :	August 1988
Com. Reg. No.:	RCS Roubaix-Tourcoing 8 347 504 789
Legal Form :	Public limited company with board of directors
Line of Business :	Recovery of sorted
No. of Employees :	20 to 49

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Maximum Credit Limit :	250,000 €
Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
France	a2	a2

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

REGISTERED NAME & COMPANY SUMMARY

Name

GALLOO FRANCE SA

SIRET

347 504 789 00012

company summary

Activity (APE)	Récupération de déchets triés (3832Z)	Legal form	Public limited company with board of directors
Phone		RCS Registration	RCS Roubaix-Tourcoing 8 347 504 789
Fax		Share capital	1,162,500 Euros
Address	GALLOO FRANCE SA 1 RUE PORT FLUVIAL 1ERE AVE BP 81 59432 HALLUIN CEDEX	Incorporated Date	08/1988
Nationality	France	Status	Economically active

Ultimate Holding Company
	Company Name	Safe Number	Company number
	GALLOO NV	WXFR01605333	-

Current Directors

10

Trading to Date	12/31/2008	12/31/2007	09/30/2006
Turnover	118,896,946 €	118,298,209 €	73,552,184 €
Gross Operating Surplus	3,50 % Turnover	4,92 % Turnover	8,90 % Turnover
Net worth	23,724,913 €	15,788,425 €	11,469,250 €
Employees	20 to 49 employees	-	-

company details

Company details

Activity (APE)	Récupération de déchets triés (3832Z) (Recovery of sorted (3832Z))
RCS Registration	RCS Roubaix-Tourcoing 8 347 504 789	Share capital	1,162,500 Euros
Registration Court	Roubaix-Tourcoing (59)	Legal form	Public limited company with board of directors
Court Registry Number	19 8 8B005	EU VAT Number	FR89347504789
Incorporation Date	08/1988	Formation Date	05/1988
Deregistration Date		Last account Date	31/12/2008
Nationality	France

CREDIT RECOMENDATION

Current Credit Limit: 250,000 €

DIRECTORS/MANAGEMENT

directors

Name	M. VANDEPUTTE ANTOINE
Manager position	Président Directeur Général	Date of birth	15/06/1941
Place of birth	MOORSLEDE BELGIQUE(BELGIQUE)
Type of manager	Individual	Name at birth of manager

Name	M. DEBAERE RIK
Manager position	Directeur général délégué, Administrateur	Date of birth	22/11/1962
Place of birth	KORTRIJK(BELGIQUE)
Type of manager	Individual	Name at birth of manager

Name	M. VANDEPUTTE JAN
Manager position	Directeur général délégué, Administrateur	Date of birth	15/04/1972
Place of birth	59 DUNKERQUE
Type of manager	Individual	Name at birth of manager

Name	M. VANDEPUTTE PIERRE
Manager position	Directeur général délégué, Administrateur	Date of birth	16/02/1974
Place of birth	BRUGGES(BELGIQUE)
Type of manager	Individual	Name at birth of manager

Name	Mme. VANDEPUTTE JOELLE
Manager position	Administrateur	Date of birth	01/03/1942
Place of birth	MENIN(BELGIQUE)
Type of manager	Individual	Name at birth of manager	GALLOO

Name	M. ROSSEEL NICO
Manager position	Administrateur	Date of birth	31/05/1964
Place of birth	ROESELARE(BELGIQUE)
Type of manager	Individual	Name at birth of manager

Name	M. WAIGNEIN LUC
Manager position	Administrateur	Date of birth	10/04/1963
Place of birth	ROESELARE(BELGIQUE)
Type of manager	Individual	Name at birth of manager

Name	M. NEERINCK LIEVEN
Manager position	Administrateur	Date of birth	08/01/1977
Place of birth	ROESELARE(BELGIQUE)
Type of manager	Individual	Name at birth of manager

Name	M. WYFFELS DRIES
Manager position	Administrateur	Date of birth	13/08/1969
Place of birth	VEURNE (BELGIQUE)(BELGIQUE)
Type of manager	Individual	Name at birth of manager

Name	Mme. VANNESTE ELS MARIE-THERESE
Manager position	Administrateur	Date of birth	07/02/1976
Place of birth	COURTRAI(BELGIQUE)
Type of manager	Individual	Name at birth of manager

Previous Directors

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

Manager position	Title and name	Date of Birth/Place of Birth
Président Directeur Général	M ANTOINE VANDEPUTTE
Président Directeur Général	M ANTOINE VANDEPUTTE
Directeur général	M RIK DEBAERE
Directeur général délégué	M RIK DEBAERE
Directeur général délégué	M JAN VANDEPUTTE
Directeur général délégué	M PIERRE VANDEPUTTE
Administrateur	M RIK DEBAERE
Administrateur	M RIK DEBAERE
Administrateur	M LIEVEN NEERINCK
Administrateur	M NICO ROSSEEL
Administrateur	M NICO ROSSEEL
Administrateur	M JAN VANDEPUTTE
Administrateur	M JAN VANDEPUTTE
Administrateur	MME JOELLE VANDEPUTTE
Administrateur	Mme JOELLE VANDEPUTTE
Administrateur	M PIERRE VANDEPUTTE
Administrateur	M PIERRE VANDEPUTTE
Administrateur	Mme ELS MARIE-THERESE VANNESTE
Administrateur	M LUC WAIGNEIN
Administrateur	M LUC WAIGNEIN
Administrateur	M DRIES WYFFELS

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	16/11/2007
Status of Monitoring	No social security and tax office preferential right to date

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

Ultimate parent company	GALLOO NV
Direct parent	GALLOO NV - Majoritaire
Group – Number of companies	3
Linkages – Number of companies	-
Number of countries	-

Raison sociale Safe Number SIREN Parts Derniers

comptes

publiés

GALLOO NV

- - - -

GALLOO FRANCE SA

FR02055180 347504789 Majoritaire 31/12/2009

GALLOO SRM

FR06450854 439373408 Majoritaire 31/12/2009

Linkages

Ultimate parent company	GALLOO NV
Direct parent	GALLOO NV - Majoritaire
Group – Number of companies	3
Linkages – Number of companies	-
Number of countries	-

FINANCIAL INFORMATION

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2008	31/12/2007	30/09/2006
Account period (month)	12	15	12
Account Type	Normal	Normal	Normal
Deposit date	22/09/2009	-	-
Activity Code	3832Z	3832Z	3832Z
Employees	0	39	33

Active account

Annual Accounts	31/12/2008		31/12/2007		30/09/2006	Sector Median 2008
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	7 000 290	-5,1%	7 379 613	43,6%	5 139 238	169 184,50	4037,7%
- Intangible assets	35	-97,3%	1 273	-55,7%	2 871	205	-82,9%
- Tangible assets	6 774 835	-3,9%	7 049 578	47,5%	4 779 313	119 688	5560,4%
- Financial assets	225 421	-31,4%	328 763	-7,9%	357 054	1 098,50	20420,8%
Net current assets	30 687 061	9,2%	28 112 917	39,9%	20 093 294	465 048,50	6498,7%
- Stocks	3 137 418	-31,3%	4 564 916	-16,4%	5 461 450	33 560,50	9248,5%
- Advanced payments	0	9,2%	0	0%	38 112	0	0%
- Receivables	27 055 887	19,0%	22 737 483	56,9%	14 491 288	213 375	12580,0%
- Securities and cash	493 756	-39,1%	810 519	691,2%	102 443	61 975	696,7%
- Prepaid expenses	-	-	-	-	-	616	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	37 687 348	6,2%	35 492 530	40,7%	25 232 532	722 274,50	5117,9%

Passive Account

Annual Accounts	31/12/2008		31/12/2007		30/09/2006	Sector Median 2008
Shareholders' equity	23 724 913	50,3%	15 788 425	37,7%	11 469 250	239 423,50	9809,2%
Share capital	1 162 500	0%	1 162 500	0%	1 162 500	37 090	3034,3%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	335 723	24,6%	269 427	-8,2%	293 472	0	0%
Liabilities	13 626 713	-29,9%	19 434 678	44,3%	13 469 809	350 174,50	3791,4%
- Financial liabilities	452 622	-78,2%	2 076 711	71,3%	1 212 207	84 683	434,5%
- Advanced payments received	0	0%	0	0%	244	0	0%
- Trade account payables	11 863 521	-27,0%	16 248 871	50,7%	10 785 203	87 625	13439,0%
- Tax and social liabilities	888 243	-19,7%	1 106 642	-16,1%	1 319 218	88 060	908,7%
- Other debts and fixed assets liabilities	422 327	17102,7%	2 455	-98,4%	152 938	5 053	8257,9%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	37 687 348	6,2%	35 492 530	40,7%	25 232 532	722 274	5117,9%

Results

Annual Accounts	31/12/2008		31/12/2007		30/09/2006	Sector Median 2008
Sales of Goods	117 237 069	-2,1%	119 811 371	61,0%	74 400 781	1 205 545,50	9624,8%
Net turnover	118 896 946	0,5%	118 298 209	60,8%	73 552 184	1 178 016,50	9993,0%
- of which net export turnover	70 376 713	-5,3%	74 348 340	31,7%	56 457 643	0	0%
Operating charges	114 438 778	-0,7%	115 279 707	68,7%	68 337 092	1 116 843,50	10146,6%
Operating profit/loss	2 798 291	-38,3%	4 531 664	-25,3%	6 063 689	41 369,50	6664,1%
Financial income	235 616	-78,2%	1 079 197	1259,2%	79 398	196,50	119806,4%
Financial charges	109 454	179,1%	39 211	-18,7%	48 212	4 325	2430,7%
Financial profit/loss	126 162	-87,9%	1 039 986	3234,8%	31 186	-1 436	8885,7%
Pretax net operating income	2 924 453	-47,5%	5 571 650	-8,6%	6 094 875	33 413	8652,4%
Extraordinary income	6 840 126	556,7%	1 041 617	37,9%	755 133	2 795	244627,2%
Extraordinary charges	467 947	-33,7%	705 420	-72,5%	2 564 026	1 556,50	29964,1%
Extraordinary profit/loss	6 372 179	2274,5%	336 197	118,6%	-1 808 893	0	0%
Net result	7 982 942	86,7%	4 276 869	79,8%	2 378 923	31 434,50	25295,5%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2008	31/12/2007	30/09/2006
Months	12	15	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2008		31/12/2007		30/09/2006
	Grand Total (I to VI)	Net	37 687 348	6,2%	35 492 530	40,7%	25 232 532
	Gross	CO	53 094 521	6,9%	49 681 930	28,7%	38 596 350
	Amortisation	1A	15 407 173	8,6%	14 189 400	6,2%	13 363 819

Non declared distributed capital (I)

		31/12/2008		31/12/2007		30/09/2006
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

			31/12/2008		31/12/2007		30/09/2006
	Total Active fixed asset (II)	Net	7 000 290	-5,1%	7 379 613	43,6%	5 139 238
	Gross	BJ	22 407 462	3,9%	21 569 013	16,6%	18 503 056
	Amortisation	BK	15 407 172	8,6%	14 189 400	6,2%	13 363 819

Intangilble fixed assets

			31/12/2008		31/12/2007		30/09/2006
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	0	0%	0
	Gross	AF	0	0%	0	0%	0
	Amortisation	AG	0	0%	0	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	35	-97,3%	1 273	-55,7%	2 871
	Gross	AJ	16 183	0%	16 183	0%	16 183
	Amortisation	AK	16 147	8,3%	14 910	12,0%	13 312
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	35	-97,3%	1 273	-55,7%	2 871

Tangilble fixed assets

			31/12/2008		31/12/2007		30/09/2006
	Lands	Net	982 176	-10,8%	1 100 818	226,4%	337 299
	Gross	AN	4 073 844	0%	4 073 844	16,5%	3 498 238
	Amortisation	AO	3 091 669	4,0%	2 973 026	-5,9%	3 160 939
	Buildings	Net	629 727	-8,9%	691 294	141,5%	286 248
	Gross	AP	1 113 128	1,2%	1 100 178	63,5%	672 773
	Amortisation	AQ	483 401	18,2%	408 884	5,8%	386 525
	Plant	Net	4 488 928	-4,5%	4 701 504	40,5%	3 345 817
	Gross	AR	15 708 040	5,3%	14 917 279	17,9%	12 650 269
	Amortisation	AS	11 219 113	9,8%	10 215 775	9,8%	9 304 452
	Other tangible fixed assets	Net	457 527	-9,3%	504 691	25,4%	402 414
	Gross	AT	1 054 369	-2,5%	1 081 497	20,0%	901 006
	Amortisation	AU	596 842	3,5%	576 806	15,7%	498 592
	Fixed assets in construction	Net	57 338	11,8%	51 271	-87,4%	407 535
	Gross	AV	57 338	11,8%	51 271	-87,4%	407 535
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	159 139	0%	0	0%	0
	Gross	AX	159 139	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	6 774 835		7 049 578		4 779 313

Financial assets

			31/12/2008		31/12/2007		30/09/2006
	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	164 012	-48,2%	316 912	-8,2%	345 203
	Gross	CU	164 012	-48,2%	316 912	-8,2%	345 203
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	61 409	418,2%	11 851	0%	11 851
	Gross	BH	61 409	418,2%	11 851	0%	11 851
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		225 421		328 763		357 054

Current Assets (III)

			31/12/2008		31/12/2007		30/09/2006
	Total Assets	Net	30 687 061	9,2%	28 112 917	39,9%	20 093 294
	Gross	CJ	30 687 061	9,2%	28 112 917	39,9%	20 093 294
	Amortisation	CK	0	0%	0	0%	0

Stocks

			31/12/2008		31/12/2007		30/09/2006
	Raw materials	Net	588 540	-76,5%	2 501 630	-45,7%	4 606 279
	Gross	BL	588 540	-76,5%	2 501 630	-45,7%	4 606 279
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	2 055 526	141,3%	851 843
	Gross	BR	0	0%	2 055 526	141,3%	851 843
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	2 548 878	32746,4%	7 760	133,2%	3 328
	Gross	BT	2 548 878	32746,4%	7 760	133,2%	3 328
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	3 137 418	-31,3%	4 564 916	-16,4%	5 461 450

Advance payments to suppliers

			31/12/2008		31/12/2007		30/09/2006
	Advance payments to suppliers	Net	0	0%	0	0%	38 112
	Gross	BV	0	0%	0	0%	38 112
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2008		31/12/2007		30/09/2006
	Trade accounts receivable	Net	15 073 280	-28,2%	21 000 037	56,9%	13 383 358
	Gross	BX	15 073 280	-28,2%	21 000 037	56,9%	13 383 358
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	11 961 630	602,2%	1 703 501	54,6%	1 102 076
	Gross	BZ	11 961 630	602,2%	1 703 501	54,6%	1 102 076
	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	27 034 910	19,1%	22 703 538	56,7%	14 485 434

Divers

			31/12/2008		31/12/2007		30/09/2006
	Investment securities	Net	2 728	0%	0	0%	6 807
	Gross	CD	2 728	0%	0	0%	6 807
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	491 028	-39,4%	810 519	747,5%	95 636
	Gross	CF	491 028	-39,4%	810 519	747,5%	95 636
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	493 756	-39,1%	810 519	691,2%	102 443

Prepaid expenses

			31/12/2008		31/12/2007		30/09/2006
	Prepaid expenses	Net	20 977	-38,2%	33 945	479,9%	5 854
	Gross	CH	20 977	-38,2%	33 945	479,9%	5 854
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2008		31/12/2007		30/09/2006
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	-	-	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	-	-	-	-
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	-	-	-	-

References

		31/12/2008		31/12/2007		30/09/2006
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2008		31/12/2007		30/09/2006
Grand Total (I to V)	EE	37 687 348	6,2%	35 492 530	40,7%	25 232 532

Shareholder Equity (I)

			31/12/2008		31/12/2007		30/09/2006
	Total shareholders' equity (Total I)	DL	23 724 913	50,3%	15 788 425	37,7%	11 469 250
	Equity and shareholders' equity	DA	1 162 500	0%	1 162 500	0%	1 162 500
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	116 250	0%	116 250	0%	116 250
	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	10 914 332	64,4%	6 637 462	55,9%	4 258 539
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	0	0%	0
	Profit or loss for the period	DI	7 982 943	86,7%	4 276 869	79,8%	2 378 923
	Investment grants	DJ	16 366	115,1%	7 607	-79,3%	36 751
	Special tax-allowable reserves	DK	3 532 522	-1,5%	3 587 736	2,0%	3 516 287

Other capital resources (II)

			31/12/2008		31/12/2007		30/09/2006
	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)

			31/12/2008		31/12/2007		30/09/2006
	Total provisions for risks and charges (Total III)	DR	335 723	24,6%	269 427	-8,2%	293 472
	Risk provisions	DP	0	0%	0	0%	0
	Reserves for charges	DQ	335 723	24,6%	269 427	-8,2%	293 472

Liabilities (IV)

			31/12/2008		31/12/2007		30/09/2006
	Total Liabilities (Total IV)	EC	13 626 713	-29,9%	19 434 678	44,3%	13 469 809
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	1 520	-99,9%	1 255 405	46,0%	859 790
	Sundry loans and financial liabilities	DV	451 102	-45,1%	821 306	133,0%	352 417
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	244
	Trade accounts payables	DX	11 863 521	-27,0%	16 248 871	50,7%	10 785 203
	Tax and social security liabilities	DY	888 243	-19,7%	1 106 642	-16,1%	1 319 218
	Fixed asset liabilities	DZ	90 327	0%	0	0%	0
	Other debts	EA	332 000	13423,4%	2 455	-98,4%	152 938

Translation loss (V)

		31/12/2008		31/12/2007		30/09/2006
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2008		31/12/2007		30/09/2006
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2008		31/12/2007		30/09/2006
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	13 382 238	-30,1%	19 155 278	51,0%	12 685 924
Of which current bank facilities	EH	0	0%	328 184	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2008		31/12/2007		30/09/2006
Operating result (Total I-II)	GG	2 798 291	-38,3%	4 531 664	-25,3%	6 063 689

2 - Financial result (V - VI)

		31/12/2008		31/12/2007		30/09/2006
Financial result (Total V-VI)	GV	126 162	-87,9%	1 039 986	3234,8%	31 186

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

		31/12/2008		31/12/2007		30/09/2006
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	2 924 453	-47,5%	5 571 650	-8,6%	6 094 875

4 - Extraordinary result (VII-VIII)

		31/12/2008		31/12/2007		30/09/2006
Extraordinary result (Total VII-VIII)	HI	6 372 179	1795,4%	336 197	118,6%	-1 808 893

Profit or loss

		31/12/2008		31/12/2007		30/09/2006
Profit or loss	HN	7 982 942	86,7%	4 276 869	79,8%	2 378 923

Total Income (I+III+V+VII)

		31/12/2008		31/12/2007		30/09/2006
Total Income (I+III+V+VII)	HL	124 312 811	2,0%	121 932 185	62,1%	75 235 312

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

		31/12/2008		31/12/2007		30/09/2006
Total charges (Total II+IV+VI+VIII+IX+X)	HM	116 329 869	-1,1%	117 655 316	61,5%	72 856 389

Operating income (I)

		31/12/2008		31/12/2007		30/09/2006
Total operating income (Total I)	FR	117 237 069	-2,1%	119 811 371	61,0%	74 400 781

Operating income (details)

			31/12/2008		31/12/2007		30/09/2006
	Sale of goods for resale	FC	113 956 873	-1,8%	116 039 806	58,6%	73 173 024
	France	FA	43 861 684	5,0%	41 777 067	149,4%	16 748 310
	Export	FB	70 095 189	-5,6%	74 262 739	31,6%	56 424 714
	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	4 940 073	118,7%	2 258 403	495,6%	379 159
	France	FG	4 658 549	114,4%	2 172 802	527,6%	346 230
	Export	FH	281 524	228,9%	85 601	160,0%	32 929
	Net turnover	FL	118 896 946	0,5%	118 298 209	60,8%	73 552 184
	France	FJ	48 520 233	10,4%	43 949 869	157,1%	17 094 541
	Export	FK	70 376 713	-5,3%	74 348 340	31,7%	56 457 643
	Stocked production	FM	-2 003 446	-266,4%	1 203 683	4537,2%	-27 127
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	55 876	1673,8%	3 150	-58,3%	7 560
	Release of reserves and provisions	FP	272 447	-7,8%	295 644	-65,4%	853 816
	Other income	FQ	15 246	42,7%	10 685	-25,5%	14 349

Operating charges (II)

		31/12/2008		31/12/2007		30/09/2006
Total operating charges (Total II)	GF	114 438 778	-0,7%	115 279 707	68,7%	68 337 092

Exploitation charges

		31/12/2008		31/12/2007		30/09/2006
Purchase of goods for resale	FS	92 680 226	3,2%	89 842 533	58,0%	56 853 204
Change in stocks of goods for resale	FT	-556 318	-12452,3%	-4 432	-146,0%	9 632
Purchase of raw materials	FU	1 063 949	-3,5%	1 102 432	83,2%	601 724
Change in stocks of raw materials	FV	-19 630	-100,9%	2 104 649	166,9%	-3 147 053
Other external purchases and charges	FW	16 451 873	-5,3%	17 366 722	69,9%	10 223 236
Tax, duty and similar payments	FX	1 265 202	-5,4%	1 337 515	25,2%	1 068 443
Payroll	FY	1 336 437	-0,5%	1 343 102	41,3%	950 543
Social security costs	FZ	562 460	-5,9%	597 464	39,5%	428 277

Depreciation

		31/12/2008		31/12/2007		30/09/2006
Depreciation of fixed assets	GA	1 317 268	0,0%	1 317 368	24,9%	1 054 745
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	335 723	24,6%	269 427	-8,2%	293 472

Other charges

		31/12/2008		31/12/2007		30/09/2006
Other charges	GE	1 588	-45,7%	2 925	236,6%	869

Operating charges (III-IV)

		31/12/2008		31/12/2007		30/09/2006
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)

			31/12/2008		31/12/2007		30/09/2006
	Total financial income (Total V)	GP	235 616	-78,2%	1 079 197	1259,2%	79 398
	Share financial income	GJ	0	0%	999 969	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	211 590	214,4%	67 306	26,7%	53 103
	Released provisions and transferred charges	GM	0	0%	0	0%	843
	Exchange gains	GN	24 026	1902,2%	1 200	-94,5%	21 818
	Net income from disposal of investment securities	GO	0	0%	10 722	195,0%	3 635

Financial Charge (VI)

			31/12/2008		31/12/2007		30/09/2006
	Total financial charge (Total VI)	GU	109 454	179,1%	39 211	-18,7%	48 212
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	38 882	2,5%	37 931	-18,4%	46 491
	Exchange losses	GS	70 572	5413,4%	1 280	-25,6%	1 721
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/12/2008		31/12/2007		30/09/2006
	Total extraordinary income (Total VII)	HD	6 840 126	556,7%	1 041 617	37,9%	755 133
	Extraordinary operating income	HA	18 113	0%	0	0%	64 603
	Extraordinary income from capital transactions	HB	6 650 463	6390,9%	102 459	-72,5%	373 159
	Released provisions and transferred charges	HC	171 550	-81,7%	939 158	195,9%	317 370

Extraordinary charges (VIII)

			31/12/2008		31/12/2007		30/09/2006
	Total extraordinary charges (Total VIII)	HH	467 947	-33,7%	705 420	-72,5%	2 564 026
	Extraordinary operating charges	HE	40 504	148,4%	16 309	-79,8%	80 636
	Extraordinary charges from capital transactions	HF	311 107	297,4%	78 279	-12,8%	89 737
	Extraordinary reserves and provisions	HG	116 336	-81,0%	610 832	-74,5%	2 393 653

Employee profit sharing (IX)

		31/12/2008		31/12/2007		30/09/2006
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2008		31/12/2007		30/09/2006
Tax on profits (Total X)	HK	1 313 690	-19,5%	1 630 978	-14,5%	1 907 059

References

		31/12/2008		31/12/2007		30/09/2006
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	3 020	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2008		31/12/2007		30/09/2006
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	51 271	0%	0	0%	0
	Decreasess by transfers	OK2	410 602	0%	0	0%	0
	Gross value at the end of period	OL	22 407 463	0%	0	0%	0

Research and development Charge (Total I)

			31/12/2008		31/12/2007		30/09/2006
	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)

			31/12/2008		31/12/2007		30/09/2006
	Gross value at begin of period	KD	16 183	0%	0	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	16 183	0%	0	0%	0

Tangible fixed assets (Total III)

			31/12/2008		31/12/2007		30/09/2006
	Gross value at begin of period	LN	21 224 069	0%	0	0%	0
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	1 250 762	0%	0	0%	0
	Decreasess by budget item transfer	NG1	51 271	0%	0	0%	0
	Decreasess by transfers	NG2	257 702	0%	0	0%	0
	Gross value at the end of period	NH	22 165 858	0%	0	0%	0

Fiancial assets (Total IV)

			31/12/2008		31/12/2007		30/09/2006
	Gross value at begin of period	LQ	328 763	0%	0	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	49 559	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	152 900	0%	0	0%	0
	Gross value at the end of period	NK	225 422	0%	0	0%	0

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

			31/12/2008		31/12/2007		30/09/2006
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2008		31/12/2007		30/09/2006
	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)

			31/12/2008		31/12/2007		30/09/2006
	Reserve for depreciation value at begin of period	PE	14 910	0%	0	0%	0
Increases		PF	1 238	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	16 148	0%	0	0%	0

Total fixed assets amotisation (Total III)

			31/12/2008		31/12/2007		30/09/2006
	Reserve for depreciation value at begin of period	QU	14 174 491	0%	0	0%	0
Increases		QV	1 316 031	0%	0	0%	0
Decreases		QW	99 495	0%	0	0%	0
	Decreasess by budget item transfer	QX	15 391 027	0%	0	0%	0

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

			31/12/2008		31/12/2007		30/09/2006
	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

			31/12/2008		31/12/2007		30/09/2006
	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)

			31/12/2008		31/12/2007		30/09/2006
	Value at begining of period	7C	3 857 163	0%	0	0%	0
Increases		UB	452 058	0%	0	0%	0
Decreases		UC	440 977	0%	0	0%	0
	Value at the end of period	UD	3 868 244	0%	0	0%	0

Includes Total allocations

Operating	UE	335 723	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	116 335	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	269 427	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	171 550	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2008		31/12/2007		30/09/2006
	Value at begining of period	3Z	3 587 736	0%	0	0%	0
Increases		TS	116 335	0%	0	0%	0
Decreases		TT	171 550	0%	0	0%	0
	Value at the end of period	TU	3 532 521	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2008		31/12/2007		30/09/2006
	Value at begining of period	5Z	269 427	0%	0	0%	0
Increases		TV	335 723	0%	0	0%	0
Decreases		TW	269 427	0%	0	0%	0
	Value at the end of period	TX	335 723	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2008		31/12/2007		30/09/2006
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/12/2008		31/12/2007		30/09/2006
Gross value	VT	27 117 293	0%	0	0%	0
1 year at most	VU	27 055 884	0%	0	0%	0
More than one year	VV	61 409	0%	0	0%	0

State of loans

		31/12/2008		31/12/2007		30/09/2006
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	61 409	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2008		31/12/2007		30/09/2006
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	15 073 280	0%	0	0%	0
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	2 428	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	564 159	0%	0	0%	0
Other taxes and payments assimilated	VN	27 171	0%	0	0%	0
State and other public - Miscellaneous	VP	22 956	0%	0	0%	0
Group and Associates	VC	11 257 148	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	87 766	0%	0	0%	0

Prepaid

		31/12/2008		31/12/2007		30/09/2006
Prepaid	VS	20 977	0%	0	0%	0

State Debt

			31/12/2008		31/12/2007		30/09/2006
	Total debt (gross)	VY	13 626 713	0%	0	0%	0
1 year at most		VZ2	13 382 238	0%	0	0%	0
More than 1 year and 5 years at most		VZ3	139 700	0%	0	0%	0
More than 5 years		VZ4	104 775	0%	0	0%	0

Details

			31/12/2008		31/12/2007		30/09/2006
	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	1 520	0%	0	0%	0
1 year at most		VG2	1 520	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	451 102	0%	0	0%	0
1 year at most		8A2	206 627	0%	0	0%	0
More than 1 year and 5 years at most		8A3	139 700	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	11 863 521	0%	0	0%	0
1 year at most		8B2	11 863 521	0%	0	0%	0
More than 1 year and 5 years at most		8B3	11 863 521	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	100 897	0%	0	0%	0
1 year at most		8C2	100 897	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	153 914	0%	0	0%	0
1 year at most		8D2	153 914	0%	0	0%	0
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	406 501	0%	0	0%	0
1 year at most		VW2	406 501	0%	0	0%	0
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	226 932	0%	0	0%	0
1 year at most		VQ2	226 932	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	90 327	0%	0	0%	0
1 year at most		8J2	90 327	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	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	332 000	0%	0	0%	0
1 year at most		8K2	332 000	0%	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2008		31/12/2007		30/09/2006
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	359 887	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2008		31/12/2007		30/09/2006
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2008		31/12/2007		30/09/2006
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2008		31/12/2007		30/09/2006
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

		31/12/2008		31/12/2007		30/09/2006
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

		31/12/2008		31/12/2007		30/09/2006
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

		31/12/2008		31/12/2007		30/09/2006
Average number of employees	YP	0	0%	39	18,2%	33

Groups and Shareholders

		31/12/2008		31/12/2007		30/09/2006
Groups and Shareholders	ZR	-	-	-	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2008		31/12/2007		30/09/2006	Sector Median 2008
Fixed Asset Financing		1,78	20,3%	1,48	4,2%	1,42	1,51	17,9%
Global Debt		41 days	-44,6%	74 days	12,1%	66 days	106 days	-61,3%
Working Capital Fund overall net		53 days	32,5%	40 days	5,3%	38 days	56 days	-5,4%
Financial independence		1560849,54%	124009,4%	1257,64%	-5,7%	1333,96%	345,51%	451652,3%
More ratios
Solvability		62,95%	41,5%	44,48%	-2,1%	45,45%	41,58%	51,4%
Capacity debt futures		1560849,54%	-	%	-	%	1080,73%	144325,5%
Coverage of current assets by net working capital overall		57,10%	53,8%	37,13%	-4,8%	38,99%	43,73%	30,6%
General Liquidity		2,02	-		-		0,80	152,5%
Restricted Liquidity		2,06	-		-		1,24	66,1%

Management or rotation

		31/12/2008		31/12/2007		30/09/2006	Sector Median 2008
Need background in operating working capital		51 days	34,2%	38 days	0%	38 days	20 days	155,0%
Treasury		2 days	0%	2 days	100%	1 days	13 days	-84,6%
Inventory turnover of goods		10 days	0%	0 days	0%	0 days	22 days	-54,5%
Average length of credit granted to customers		46 days	-28,1%	64 days	-3,0%	66 days	53 days	-13,2%
Average length of credit obtained suppliers		39 days	-26,4%	53 days	-11,7%	60 days	49 days	-20,4%
More ratios
Inventory turnover of raw materials in industrial enterprises		3 days	-75,0%	12 days	-58,6%	29 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	314 days	-
Rotation tangible assets		536,40%	-	%	-	%	392,39%	36,7%

Profitability of the business

		31/12/2008		31/12/2007		30/09/2006	Sector Median 2008
Margin trading		18,36%	-17,1%	22,15%	-0,1%	22,17	16,87%	8,8%
Profitability of the business		3,50	-28,9%	4,92	-44,7%	8,90	7,34%	-52,3%
Net profit		6,71%	85,4%	3,62%	12,1%	3,23%	2,93%	129,0%
More ratios
Growth rate of turnover (excluding VAT)		0,51%	-99,2%	60,84%	654,8%	8,06%	5,20%	-90,2%
Rates integration		6,12%	-20,3%	7,68%	-37,1%	12,21%	28,37%	-78,4%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		26,11%	22,3%	21,35%	39,1%	15,35%	58,51%	-55,4%
Weight interests		0,09	200%	0,03%	-57,1%	0,07%	0,34%	-73,5%

Return on capital

		31/12/2008		31/12/2007		30/09/2006	Sector Median 2008
Cash flow from the overall profitability		2,22%	-57,5%	5,22%	-30,8%	7,54%	6%	-63,0%
Rates of economic profitability		17%	-48,5%	33%	-36,5%	52%	23%	-26,1%
Financial profitability		23724913%	50,3%	15788425%	37,7%	11469250%	226536,50%	10372,9%
Return on investment		33,47%	38,5%	24,16%	26,2%	19,14%	12,63%	165,0%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2008		31/12/2007		30/09/2006	Sector Median 2008
Turnover	118 896 946	0,5%	118 298 209	60,8%	73 552 184	1 178 016 €	9993,0%

Sales of goods	113 956 873	-1,8%	116 039 806	58,6%	73 173 024
- Purchase of goods	92 680 226	3,2%	89 842 533	58,0%	56 853 204
+/- Stock of goods variation	-556 318	-12452,3%	-4 432	-146,0%	9 632
Trading margin	21 832 965 €	-16,7%	26 201 705 €	60,6%	16 310 188 €	111 811 €	19426,7%
	18,36 % CA	-17,1%	22,15 % CA	-0,1%	22,17 % CA	19,43 % CA	-5,5%

Sale of goods produced	4 940 073	118,7%	2 258 403	495,6%	379 159
+/- Stocked production	-2 003 446	-266,4%	1 203 683	4537,2%	-27 127
+ Self-constructed assets	0	0%	0	0%	0
Period production	2 936 627 €	-15,2%	3 462 086 €	883,5%	352 032 €	192 791,50 €	1423,2%
	2,47 % CA	-15,7%	2,93 % CA	510,4%	0,48 % CA	53,17 % CA	-95,4%

Trading margin	21 832 965	-16,7%	26 201 705	60,6%	16 310 188	111 811	19426,7%
+ Period Production	2 936 627	-15,2%	3 462 086	883,5%	352 032	192 791,50	1423,2%
- Purchase of raw materials	1 063 949	-3,5%	1 102 432	83,2%	601 724
+/- Change in stocks of raw materiels	-19 630	-100,9%	2 104 649	166,9%	-3 147 053
- Other external purchases and charges	16 451 873	-5,3%	17 366 722	69,9%	10 223 236
Added value	7 273 400 €	-20,0%	9 089 988 €	1,2%	8 984 313 €	321 760 €	2160,5%
	6,12 % CA	-20,3%	7,68 % CA	-37,1%	12,21 % CA	28,32 % CA	-78,4%

Added value	7 273 400 €	-20,0%	9 089 988 €	1,2%	8 984 313 €	321 760 €	2160,5%
+ Operating grants	55 876	1673,8%	3 150	-58,3%	7 560
- Tax, duty and similar payments	1 265 202	-5,4%	1 337 515	25,2%	1 068 443
- Personal charges	1 898 897	-2,1%	1 940 566	40,7%	1 378 820
Gross operating surplus	4 165 177 €	-28,4%	5 815 057 €	-11,1%	6 544 610 €	75 734 €	5399,7%
	3,50 % CA	-28,9%	4,92 % CA	-44,7%	8,90 % CA	7,28 % CA	-51,9%

Gross operating surplus	4 165 177 €	-28,4%	5 815 057 €	-11,1%	6 544 610 €	75 734 €	5399,7%
+ Release of reserves and provisions	272 447	-7,8%	295 644	-65,4%	853 816
+ Other operating income	15 246	42,7%	10 685	-25,5%	14 349
- Depreciation/Amortisation	1 652 991	4,2%	1 586 795	17,7%	1 348 217
- Other charges	1 588	-45,7%	2 925	236,6%	869
Operating result	2 798 291 €	-38,3%	4 531 666 €	-25,3%	6 063 689 €	41 141,50 €	6701,6%
	2,35 % CA	-38,6%	3,83 % CA	-53,5%	8,24 % CA	4,11 % CA	-42,8%

Operating result	2 798 291 €	-38,3%	4 531 666 €	-25,3%	6 063 689 €	41 141,50 €	6701,6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	235 616	-78,2%	1 079 197	1259,2%	79 398
- Financial charges	109 454	179,1%	39 211	-18,7%	48 212
Pre-tax result	2 924 453 €	-47,5%	5 571 652 €	-8,6%	6 094 875 €	32 910 €	8786,2%
	2,46 % CA	-47,8%	4,71 % CA	-43,2%	8,29 % CA	3,65 % CA	-32,6%

Extraordinary income	6 840 126	556,7%	1 041 617	37,9%	755 133	2 795	244627,2%
- Extraordinary charges	467 947	-33,7%	705 420	-72,5%	2 564 026
Extraordinary result	6 372 179 €	1795,4%	336 197 €	118,6%	-1 808 893 €	0 €	0%
	5,36 % CA	1814,3%	0,28 % CA	111,4%	-2 % CA	0 % CA	0%

Pre-tax result	2 924 453 €	-47,5%	5 571 652 €	-8,6%	6 094 875 €	32 910 €	8786,2%
Extraordinary result	6 372 179 €	1795,4%	336 197 €	118,6%	-1 808 893 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	1 313 690	-19,5%	1 630 978	-14,5%	1 907 059
Net result	7 982 942 €	86,7%	4 276 871 €	79,8%	2 378 923 €	30 939 €	25702,2%
	6,71 % CA	85,4%	3,62 % CA	12,1%	3,23 % CA	2,91 % CA	130,6%

Consolidated Accounts

Active Account |  Passive Account |  Account Results |  Consolidation

Synthesized Accounts

Annual Accounts	30/09/2006
Account period (month)	12
Account Type	Consolidated
Activity Code	3832Z

Active account

Annual Accounts	30/09/2006
Capital not called	0
Total fixed assets	7 030 867
- Intangible assets	414 183
- Tangible assets	6 564 909
- Financial assets	51 775
Net current assets	25 335 775
- Stocks	7 202 686
- Advanced payments	39 612
- Receivables	17 059 906
- Securities and cash	1 033 571
Accounts of regularization	0
Total Assets	32 366 643

Passive Account

Annual Accounts	30/09/2006
Shareholders' equity	14 710 015
Share capital	1 162 500
Other capital resources	0
Risk Provisions	1 157 026
Liabilities	15 837 397
- Financial liabilities	1 616 854
- Advanced payments received	0
- Trade account payables	10 734 149
- Tax and social liabilities	2 741 240
- Other debts and fixed assets liabilities	313 940
Account regularization	431 214
Total liabilities	32 366 643

Results

Annual Accounts	30/09/2006
Sales of Goods	95 196 256
Net turnover	94 282 507
- of which net export turnover	0
Operating charges	85 702 433
Operating profit/loss	9 493 823
Financial income	81 793
Financial charges	66 583
Financial profit/loss	15 210
Pretax net operating income	9 509 033
Extraordinary income	1 830 196
Extraordinary charges	1 851 639
Extraordinary profit/loss	-21 445

Consolidation

Annual Accounts	30/09/2006
Net result before amortisation of goodwill	5 916 069
Goodwill amortisation allocation	0
Net result of equity affiliates companies	0
Net result of integrated companies	0
Group result (consolidated net result)	5 916 069
Share of minority interest (Result except group)	208 209
Net result - group share (part of parent company)	5 707 860

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/09/2006
Months	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			30/09/2006
	Grand Total (I to VI)	Net	32 366 643
	Gross	CO	48 739 737
	Amortisation	1A	16 373 095

Capital subscribed not called (I)

		30/09/2006
Capital suscribed not called (I)	AA3	0

Active fixed asset (II)

			30/09/2006
	Total Active fixed asset (II)	Net	7 030 867
	Gross	BJ	23 384 686
	Amortisation	BK	16 353 819

Intangilble fixed assets

			30/09/2006
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R&D expenses	Net	0
	Gross	CX	0
	Amortisation	AE	0
	Distributorships, patents	Net	0
	Gross	AF	0
	Amortisation	AG	0
	Goodwill	Net	0
	Gross	AH	0
	Amortisation	AI	0
	Other intangible fixed assets	Net	414 183
	Gross	AJ	459 616
	Amortisation	AK	45 433
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0

Tangilble fixed assets

			30/09/2006
	Acquisition difference	Net	0
	Gross	A11	0
	Amortisation	A12	0
	Goodwill	Net	0
	Gross	A21	0
	Amortisation	A22	0
	Difference from the first consolidation	Net	0
	Gross	A31	0
	Amortisation	A32	0
	Lands	Net	0
	Gross	AN	0
	Amortisation	AO	0
	Buildings	Net	1 673 964
	Gross	AP	6 177 412
	Amortisation	AQ	4 503 448
	Plant	Net	3 975 306
	Gross	AR	14 557 160
	Amortisation	AS	10 581 854
	Other tangible fixed assets	Net	915 639
	Gross	AT	2 138 723
	Amortisation	AU	1 223 084
	Fixed assets in construction	Net	0
	Gross	AV	0
	Amortisation	AW	0
	Advances and payments on account	Net	0
	Gross	AX	0
	Amortisation	AY	0

Financial assets

			30/09/2006
	Associates at equity	Net	0
	Gross	CS	0
	Amortisation	CT	0
	Other participations	Net	28 310
	Gross	CU	28 310
	Amortisation	CV	0
	Inter-company receivables	Net	0
	Gross	BB	0
	Amortisation	BC	0
	Other investment securities	Net	0
	Gross	BD	0
	Amortisation	BE	0
	Loans	Net	0
	Gross	BF	0
	Amortisation	BG	0
	Other financial assets	Net	23 465
	Gross	BH	23 465
	Amortisation	BI	0
	Other financial assets	Net	0
	Gross	A41	0
	Amortisation	A42	0

Current Assets (III)

			30/09/2006
	Total Assets	Net	25 335 775
	Gross	CJ	25 355 051
	Amortisation	CK	19 276

Stocks

			30/09/2006
	Raw materials	Net	5 640 566
	Gross	BL	5 640 566
	Amortisation	BM	0
	Work in progress (goods)	Net	0
	Gross	BN	0
	Amortisation	BO	0
	Work in progress (services)	Net	0
	Gross	BP	0
	Amortisation	BQ	0
	Semi-finished and finished products	Net	851 843
	Gross	BR	851 843
	Amortisation	BS	0
	Goods for resale	Net	710 277
	Gross	BT	710 277
	Amortisation	BU	0

Advance payments to suppliers

			30/09/2006
	Advance payments to suppliers	Net	39 612
	Gross	BV	39 612
	Amortisation	BW	0

Debtors

			30/09/2006
	Trade accounts receivable	Net	15 969 527
	Gross	BX	15 988 803
	Amortisation	BY	19 276
	Other debtors	Net	1 067 536
	Gross	BZ	1 067 536
	Amortisation	CA	0
	Capital subscribed and called up	Net	0
	Gross	CB	0
	Amortisation	CC	0

Divers

			30/09/2006
	Investment securities	Net	798 490
	Gross	CD	798 490
	Amortisation	CE	0
	Cash and cash equivalents	Net	235 081
	Gross	CF	235 081
	Amortisation	CG	0

Prepaid expenses

			30/09/2006
	Prepaid expenses	Net	22 843
	Gross	CH	22 843
	Amortisation	CI	0

Equalization accounts (IV to VI)

		30/09/2006
Multi-period charges	CW3	0
Premiums on redemption of bonds	CM3	0
Currency differential gain	CN3	0

References

		30/09/2006
Due within one year	CP	0
Due after one year	CR	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		30/09/2006
Grand Total (I to IV)	EE	32 366 643

Shareholder Equity (I)

			30/09/2006
	Total shareholders' equity (Total I)	DL	14 710 015
	Equity and shareholders' equity	DA	1 162 500
	Issue and merger premiums	DB	0
	Revaluation differentials	DC	0
	Of which equity differential	EK	0
	Legal reserve	DD	0
	Statutory or contractual reserve	DE	0
	Special regulated reserves	DF	0
	Other reserves	DG	7 839 655
	Profits or losses brought forward	DH	0
	Conversion differences	P1	0
	Net result - group part	P2	5 707 860
	Investment grants	DJ	0
	Special tax-allowable reserves	DK	0

Other capital resources (II)

			30/09/2006
	Total other capital resources (Total II)	DO	0
	Income from participating securities	DM	0
	Conditional loans	DN	0
	Others	P3	0

Provisions for risks and charges (III)

			30/09/2006
	Total provisions for risks and charges (Total III)	DR	1 157 026
	Conversion differences	P4	0
	In reserves	P5	453 996
	In results	P6	208 209
	Total III	P7	662 205
	Delayed tax	P8	723 105
	Acquisition differences	P9	0
	Risk provisions	DP	0
	Reserves for charges	DQ	433 921

Liabilities (IV)

			30/09/2006
	Total Liabilities (Total IV)	EC	15 837 397
	Convertible debentures	DS	0
	Other debentures	DT	0
	Bank loans and liabilities	DU	1 164 037
	Sundry loans and financial liabilities	DV	452 817
	Of which participating loans	EI	0
	Advance payments received for current orders	DW	0
	Trade accounts payables	DX	10 734 149
	Tax and social security liabilities	DY	2 741 240
	Fixed asset liabilities	DZ	23 322
	Other debts	EA	290 618

Translation loss (V)

		30/09/2006
Translation loss (Total V)	ED	0

Equalization accounts

		30/09/2006
Deferred income	EB	431 214

References

		30/09/2006
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	0
Of which current bank facilities	EH	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		30/09/2006
Operating result (Total I-II)	GG	9 493 823

2 - Financial result (V - VI)

		30/09/2006
Financial result (Total V-VI)	GV	15 210

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

		30/09/2006
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	9 509 033

4 - Extraordinary result (VII-VIII)

		30/09/2006
Extraordinary result (Total VII-VIII)	HI	-21 445

Consolidation

		30/09/2006
Delayed tax	R1	789 695
Net result before amortisation of acquisition differences	R2	5 916 069
Endowment to amortisation of acquisition differences	R3	0
Net result of companies set in equivalence	R4	0
Net result of integrated companies	R5	0
Group result (consolidated net result)	R6	5 916 069
Cross-reference : equipment leasing	R7	208 209
Cross-reference : property leasing	R8	5 707 860

Operating income (I)

		30/09/2006
Total operating income (Total I)	FR	95 196 256

Operating income (details)

			30/09/2006
	Sale of goods for resale	FC	0
	France	FA	0
	Export	FB	0
	Sale of goods produced	FF	0
	France	FD	0
	Export	FE	0
	Sale of services	FI	94 282 507
	France	FG	94 282 507
	Export	FH	0
	Net turnover	FL	94 282 507
	France	FJ	94 282 507
	Export	FK	0
	Stocked production	FM	0
	Self-constructed assets	FN	0
	Operating grants	FO	0
	Release of reserves and provisions	FP	0
	Other income	FQ	913 749

Operating charges (II)

		30/09/2006
Total operating charges (Total II)	GF	85 702 433

Exploitation charges

		30/09/2006
Purchase of goods for resale	FS	69 444 287
Change in stocks of goods for resale	FT	0
Purchase of raw materials	FU	0
Change in stocks of raw materials	FV	0
Other external purchases and charges	FW	11 697 908
Tax, duty and similar payments	FX	1 274 388
Payroll	FY	2 387 963
Social security costs	FZ	0

Depreciation

		30/09/2006
Depreciation of fixed assets	GA	603 533
Amortisation of fixed assets	GB	294 354
Depreciation/amortisation of current assets	GC	0
Provisions for risks and charges	GD	0

Other charges

		30/09/2006
Other charges	GE	0

Operating charges (III-IV)

		30/09/2006
Share of joint-venture transferred to other partner(s) (Total III)	GH	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0

Financial income (V)

			30/09/2006
	Total financial income (Total V)	GP	81 793
	Share financial income	GJ	0
	Other investment income & capitalised receivables	GK	0
	Other interest and similar income	GL	59 127
	Released provisions and transferred charges	GM	843
	Exchange gains	GN	21 823
	Net income from disposal of investment securities	GO	0

Financial Charge (VI)

			30/09/2006
	Total financial charge (Total VI)	GU	66 583
	Financial reserves and provisions	GQ	0
	Interest and similar charges	GR	64 839
	Exchange losses	GS	1 744
	Net loss from disposal of investment securities	GT	0

Financial Charge (VII)

			30/09/2006
	Total extraordinary income (Total VII)	HD	1 830 196
	Extraordinary operating income	HA	0
	Extraordinary income from capital transactions	HB	36 536
	Released provisions and transferred charges	HC	1 793 660

Extraordinary charges (VIII)

			30/09/2006
	Total extraordinary charges (Total VIII)	HH	1 851 639
	Extraordinary operating charges	HE	589 066
	Extraordinary charges from capital transactions	HF	0
	Extraordinary reserves and provisions	HG	1 262 573

Employee profit sharing (IX)

		30/09/2006
Employee profit sharing (Total IX)	HJ	0

Tax on profits (X)

		30/09/2006
Tax on profits (Total X)	HK	2 781 824

References

		30/09/2006
Of which equipment leases	HP	0
Of which property leases	HQ	0

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

Structure and Liquidity

		30/09/2006
Fixed Asset Financing		1,45
Global Debt		60,47 days
Working Capital Fund overall net		39,91 days
Financial independence		1263,71%
More ratios
Solvability		45,45%

Management or rotation

		30/09/2006
Need background in operating working capital		40,05 days
Treasury		3,95 days
Inventory turnover of goods		3,68 days
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days
Inventory turnover of intermediate and finished products in the industrial enterprise		0 days

Profitability of the business

		30/09/2006
Margin trading		-73,66%
Profitability of the business		10,05
More ratios
Rates integration		13,94%
Rate leasing furniture		0%
Weight interests		0,07

Return on capital

		30/09/2006
Rates of economic profitability		58,05%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Establishment details

Activity (APE)	Récupération de déchets triés (3832Z)	Business Pages FT®
Postal Address	GALLOO FRANCE SA 1 RUE PORT FLUVIAL 1ERE AVE BP 81 59432 HALLUIN CEDEX	Trading Address	1 RUE PORT FLUVIAL 1ERE AVE 59250 HALLUIN
Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	05/1988	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Nord (59)	Region	Nord-Pas-de-Calais
District	5	Area	61
City	HALLUIN	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	2 branch entities in this company
Head office	> GALLOO FRANCE SA <<<  - Récupération de déchets triés (3832Z)  in HALLUIN  (59250)
Secondary establishments	>  GALLOO FRANCE SA  - Récupération de déchets triés (3832Z)  in DREUX  (28100) >  GALLOO FRANCE SA  - Récupération de déchets triés (3832Z)  in VERNOUILLET  (28500)

Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

20 to 49 employees

Company workforce

20 to 49 employees

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
26/11/2011	Bodacc C	Comptes annuels et rapports
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 7732 - 347504789 RCS. GALLOO FRANCE. Forme : Société anonyme à conseil d'administration. Adresse : Première avenue Port Fluvial d'Halluin 59250 Halluin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
03/09/2010	Bodacc C	Comptes annuels et rapports
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 5979 - 347504789 RCS. GALLOO FRANCE. Forme : Société anonyme à conseil d'administration. Adresse : Première avenue Port Fluvial d'Halluin 59250 Halluin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
13/08/2010	Bodacc B	Modification et mutation diverse
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 365 - 347 504 789 RCS Roubaix-Tourcoing. GALLOO FRANCE. Forme : Société anonyme à conseil d'administration. Administration : Président directeur général : VANDEPUTTE Antoine Directeur général délégué : VANDEPUTTE Jan Directeur général délégué : VANDEPUTTE Pierre Directeur général délégué administrateur : DEBAERE Rik Administrateur : VANDEPUTTE NEE GALLOO Joëlle Administrateur : VANDEPUTTE Jan Administrateur : VANDEPUTTE Pierre Administrateur : ROSSEEL Nico Administrateur : WAIGNEIN Luc Administrateur : NEERINCK Lieven Administrateur : WYFFELS Dries Administrateur : VANNESTE Els Marie-Thérèse Commissaire aux comptes titulaire : KPMG SA Commissaire aux comptes suppléant : BLEUEZ Eric. Capital : 1162500 EUR. Activité : Toutes exploitations industrielles et commercials pouvant se rattacher au commerce des métaux toutes opérations de marchand de biens. Adresse de l’établissement principal : Première avenue, Port Fluvial d'Halluin, 59250 Halluin. Adresse du siège social : Première avenue, Port Fluvial d'Halluin, 59250 Halluin. Commentaires : Changement de commissaire aux comptes. Date de commencement de l’activité : 10/05/1988. Date d’effet : 16/06/2010.
22/10/2009	Bodacc C	Comptes annuels et rapports
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 2992 - 347504789 RCS. GALLOO FRANCE. Forme : Société Anonyme à conseil d'administration. Adresse : Première avenue Port Fluvial d'Halluin 59250 Halluin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
09/10/2009	Bodacc B	Modification et mutation diverse
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 593 - 347 504 789 RCS Roubaix-Tourcoing. GALLOO FRANCE. Forme : Société anonyme à conseil d'administration. Administration : Président directeur général : VANDEPUTTE Antoine Directeur général délégué : VANDEPUTTE Jan Directeur général délégué : VANDEPUTTE Pierre Administrateur : VANDEPUTTE NEE GALLOO Joëlle Administrateur : VANDEPUTTE Jan Administrateur : DEBAERE Rik Administrateur : VANDEPUTTE Pierre Administrateur : ROSSEEL Nico Administrateur : WAIGNEIN Luc Administrateur : NEERINCK Lieven Administrateur : WYFFELS Dries Administrateur : VANNESTE Els Marie-Thérèse Commissaire aux comptes titulaire : KPMG SA Commissaire aux comptes titulaire : HERBEAU Alexandre Commissaire aux comptes suppléant : BAZIN Laurent Commissaire aux comptes suppléant : BLEUEZ Eric. Capital : 1162500 EUR. Activité : Toutes exploitations industrielles et commercials pouvant se rattacher au commerce des métaux toutes opérations de marchand de biens. Adresse de l’établissement principal : Première avenue, Port Fluvial d'Halluin, 59250 Halluin. Adresse du siège social : Première avenue, Port Fluvial d'Halluin, 59250 Halluin. Commentaires : Nomination administrateurs. Date de commencement de l’activité : 10/05/1988. Date d’effet : 29/06/2009.
07/10/2009	Bodacc B	Modification et mutation diverse
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 996 - 347 504 789 RCS Roubaix-Tourcoing. GALLOO FRANCE. Forme : Société anonyme à conseil d'administration. Administration : Président directeur général : VANDEPUTTE Antoine Directeur général délégué : VANDEPUTTE Jan Directeur général délégué : VANDEPUTTE Pierre Administrateur : VANDEPUTTE NEE GALLOO Joëlle Administrateur : VANDEPUTTE Jan Administrateur : DEBAERE Rik Administrateur : VANDEPUTTE Pierre Administrateur : ROSSEEL Nico Administrateur : WAIGNEIN Luc Commissaire aux comptes titulaire : KPMG SA Commissaire aux comptes titulaire : HERBEAU Alexandre Commissaire aux comptes suppléant : BAZIN Laurent Commissaire aux comptes suppléant : BLEUEZ Eric. Capital : 1162500 EUR. Activité : Toutes exploitations industrielles et commercials pouvant se rattacher au commerce des métaux toutes opérations de marchand de biens. Adresse de l’établissement principal : Première avenue, Port Fluvial d'Halluin, 59250 Halluin. Adresse du siège social : Première avenue, Port Fluvial d'Halluin, 59250 Halluin. Commentaires : Changement de directeur général délégué. Date de commencement de l’activité : 10/05/1988. Date d’effet : 14/05/2009.
21/11/2008	Bodacc C	Comptes annuels et rapports
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 4036 - 347504789 RCS. GALLOO FRANCE. Forme : Société Anonyme à conseil d'administration. Adresse : Première avenue Port Fluvial d'Halluin 59250 Halluin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
14/12/2007	Bodacc C	Avis de dépôt des comptes
4974 - 347 504 789. RCS Roubaix GALLOO FRANCE. Forme: Société Anonyme à conseil d'administration. Adresse du siège social: Première avenue Port Fluvial d'Halluin 59250 Halluin. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2006.
14/12/2007	Bodacc C	Avis de dépôt des comptes
4975 - 347 504 789. RCS Roubaix GALLOO FRANCE. Forme: Société Anonyme à conseil d'administration. Adresse du siège social: Première avenue Port Fluvial d'Halluin 59250 Halluin. Comptes consolidés et rapport de l'exercice clos le: 30 septembre 2006.
14/10/2007	Bodacc B	Modifications et mutations diverses
1538 - RCS Roubaix-Tourcoing B 347 504 789. RC 88-B 543. GALLOO FRANCE. Forme : S.A. à conseil d'administration. Capital : 1 162 500 euros. Adresse du siège social : port fluvial d'Halluin, 1re Avenue,, 59250 Administration : P.-D.G. : VANDEPUTTE (Antoine). Directeur général et administrateur : DEBAERE (Rik). Administrateurs : Mme VANDEPUTTE, née GALLOO (Joëlle) VANDEPUTTE (Jan) VANDEPUTTE (Pierre) ROSSEEL (Nico) WAIGNEIN (Luc). Commissaires aux comptes titulaires : K.P.M.G. S.A. HERBEAU (Alexandre). Commissaires aux comptes suppléants : BAZIN (Laurent) BLEUEZ (Eric). Ancienne administration : ancien commissaire aux comptes suppléant : LEFEVRE (Michel). Etablissement principal - Activité : toutes exploitations industrielles et commerciales pouvant se rattacher au commerce des métaux et toutes opérations de marchand de biens. Adresse : port fluvial d'Halluin, 1re Avenue, 59250 Date d'effet : 30 mars 2007.
22/08/2006	Bodacc C	Avis de dépôt des comptes
2216 - RCS Roubaix-Tourcoing B 347 504 789. RC 88-B 543. GALLOO FRANCE. Forme: S.A. à conseil d'administration . Adresse du siège social: Premiere avenue Port Fluvial d'Halluin,59250 Halluin. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2005.
22/08/2006	Bodacc C	Avis de dépôt des comptes
2217 - RCS Roubaix-Tourcoing B 347 504 789. RC 88-B 543. GALLOO FRANCE. Forme: S.A. à conseil d'administration . Adresse du siège social: Premiere avenue Port Fluvial d'Halluin,59250 Halluin. Comptes consolidés et rapport de l'exercice clos le: 30 septembre 2005.
17/03/2006	Bodacc C	Avis de dépôt des comptes
2291 - RCS Roubaix-Tourcoing B 347 504 789. RC 88-B 543. GALLOO FRANCE. Forme: S.A. à conseil d'administration . Adresse du siège social: Premiere avenue Port Fluvial d'Halluin,59250 Halluin. Comptes consolidés et rapport de l'exercice clos le: 30 septembre 2004.
17/03/2006	Bodacc C	Avis de dépôt des comptes
2292 - RCS Roubaix-Tourcoing B 347 504 789. RC 88-B 543. GALLOO FRANCE. Forme: S.A. à conseil d'administration . Adresse du siège social: Premiere avenue Port Fluvial d'Halluin,59250 Halluin. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2004.
24/06/2004	Bodacc B	Modifications et mutations diverses
RCS Roubaix-Tourcoing B 347504789 RC 88- B 543 GALLOO FRANCE. Forme : S.A. à conseil d'administration. Capital : 1 162 500 euros. Adresse du siège social : 1 r e Avenue, Port fluvial d'Halluin, 59250 Halluin. Administration : P.-D.G. : VANDEPUTTE (Antoine). Directeur général et administrateur : DEBAERE (Rik). Administrateurs : M m e VANDEPUTTE, née GALLOO (Joelle) VANDEPUTTE (Jan) VANDEPUTTE (Pierre) ROSSEEL (Nico) WAIGNEIN (Luc). Commissaire aux comptes titulaire : K.P.M.G. S.A. Nomination en qualité de co-commissaire aux comptes titulaire : HERBEAU (Alexandre). Commissaire aux comptes suppléant : LEFEVRE (Michel). Nomination en qualité de co-commissaire aux comptes suppléant BAZIN (Laurent) Etablissement principal: Activité : toutes exploitations industrielles et commerciales, pouvant se rattacher aux commerce des métaux et toutes opérations de marchand de biens. Adresse : 1 r e Avenue, Port fluvial d' Halluin, 59250 Halluin. Date d'effet : 2 avril 2004.
19/04/2002	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Roubaix-Tourcoing B 347504789 RC 88-B 543 GALLOO FRANCE. Forme : S.A. à conseil d'administration. Capital : 1 143 367,63 euros. Adresse : 1 r e Avenue, Port fluvial d'Halluin, 59250 Halluin Nouvelle situation du siège social. Capital : 1 162 500 euros Etablissement principal: Activité : toutes exploitations industrielles et commerciales, pouvant se rattacher aux commerce des métaux et toutes opérations de marchand de biens. Adresse : 1 r e Avenue, Port fluvial d'Halluin, 59250 Halluin. Date d'effet : 10 décembre 2001.
29/09/2000	Bodacc B	Modifications et mutations diverses
RCS Roubaix-Tourcoing B 347504789 A dater du: 12 aout 1988 RC 88-B 543 GALLOO FRANCE. Forme : S.A.C.O. Capital : 7 500 000 F. Adresse du siège social : port fluvial d'Halluin, Première Avenue, 59250 Halluin. Administration : président- directeur général : VANDEPUTTE (Antoine) Directeur général et administrateur : DEBAERE (Rik) administrateur : Mme VANDEPUTTE née GALLOO (Joelle), VANDEPUTTE (Jan), VANDEPUTTE (Pierre), ROSSEEL (Nico), WAIGNEIN (Luc) commissaire aux comptes titulaire : S.D. D.I. K.P.M.G. S.A. commissaire aux comptes suppléant : LEFEVRE (Michel) Etablissement principal: Activité : toutes exploitations industrielles, toutes exploitations industrielles et commerciales pouvant se rattacher au commerce des métaux, toutes opérations de marchand de biens. Adresse : Première Avenue, port fluvial d'Halluin, 59250 Halluin. Date d'effet : 1 e r mars 2000.
07/09/2000	Bodacc B	Modifications et mutations diverses
RCS Roubaix-Tourcoing B 347504789 RC 88- B 543 GALLOO FRANCE. Forme : S.A. à conseil d'administration. Capital : 7 500 000 F. Adresse du siège social : port fluvial d'Halluin, 1re Avenue, 59250 Halluin. Administration : P.-D.G. : VANDEPUTTE (Antoine). Nomination en qualité de directeur général : DEBAERE ( Rik), déjà administrateur. Administrateurs : Mme VANDEPUTTE, née GALLOO (Joelle) VANDEPUTTE (Jan) VANDEPUTTE (Pierre) ROSSEEL (Nico) WAIGNEIN (Luc). Commissaire aux comptes titulaire : K.P.M.G. S.A. Commissaire aux comptes suppléant : LEFEVRE (Michel) . Ancien administrateur : PARMENTIER ( René) Etablissement principal: Activité : toute exploitation industrielle ou commerciale pouvant se rattacher au commerce de métaux et toutes opérations de marchand de biens. Adresse : port fluvial d'Halluin, 1re Avenue, 59250 Halluin. Date d'effet : 1er mars 2000.
24/08/1995	Bodacc B	Modifications et mutations diverses
RCS o. RCS Roubaix-Tourcoing B 347 504 789 RC RC 88-B 543 GALLOO FRANCE. Forme : S.A. à conseil d'administration. Capital : 7 500 000 F. Adresse du siège social : 1re avenue, port fluvial 59250 Halluin. Commentaires : ancien capital : 2 500 000 F Etablissement principal: Activité : toutes exploitations industrielles et commerciales pouvant se rattacher aux commerces des métaux, toutes opérations de marchand de biens. Adresse : 1re avenue, port fluvial 59250 Halluin Date de début d'activité: 10 mai 1988. Date d'effet : 29 juin 1995.

Company events history

Date	Description
26/11/2011	Bodacc C : Deposit accounts notice
03/09/2010	Bodacc C : Deposit accounts notice
13/08/2010	Bodacc B: Various editing or changing
02/08/2010	Minutes of general meeting of shareholders
02/08/2010	Changes to the Board of Directors
31/12/2009	New accounts available
22/10/2009	Bodacc C : Deposit accounts notice
09/10/2009	Bodacc B: Various editing or changing
07/10/2009	Bodacc B: Various editing or changing
28/09/2009	Changes to the Board of Directors
28/09/2009	Appointment/resignation of company officers
28/09/2009	Minutes of general meeting of shareholders
28/09/2009	Updated articles of association
25/09/2009	Changes to the Board of Directors
25/09/2009	Minutes of Board meeting
21/04/2009	Modification of Company Activity
21/04/2009	Modification of Establishment Activity
21/04/2009	Update of Company Activity
31/12/2008	New accounts available
21/11/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
16/11/2007	Collection of preferential rights activated for this company
08/10/2007	Updated articles of association
08/10/2007	Private document
08/10/2007	New closing date
08/10/2007	Changement de date de clôture
08/10/2007	Minutes of general meeting of shareholders
08/10/2007	Statuts mis à jour
08/10/2007	PV d'Assemblée
12/09/2007	Appointment/resignation of company officers
12/09/2007	Private document
12/09/2007	Capital increase
12/09/2007	Minutes of general meeting of shareholders
12/09/2007	New auditor
12/09/2007	Changement de Commissaire aux Comptes
12/09/2007	PV d'Assemblée
30/03/2007	Modification to Establishment Address or Identifier
30/09/2006	New consolidated accounts available
30/09/2006	New accounts available
30/09/2005	New accounts available
30/09/2004	New accounts available
08/06/2004	Statuts mis à jour
08/06/2004	Minutes of general meeting of shareholders
08/06/2004	PV d'Assemblée
08/06/2004	Changement de date de clôture
08/06/2004	New closing date
08/06/2004	Acte sous seing privé
08/06/2004	Private document
08/06/2004	Nomination/démission des organes de gestion
08/06/2004	Appointment/resignation of company officers
08/06/2004	Updated articles of association
24/12/2003	Prorogation de durée
24/12/2003	Requête et Ordonnance
30/06/2003	New accounts available
08/04/2002	Statuts mis à jour
08/04/2002	Conversion du Capital Social en Euros
08/04/2002	Acte sous seing privé
08/04/2002	PV d'Assemblée
24/08/2000	Acte sous seing privé
24/08/2000	Modification du Conseil d'Administration
24/08/2000	Nomination/démission des organes de gestion
24/08/2000	PV du Conseil d'Administration
23/08/2000	Acte sous seing privé
23/08/2000	Nomination/démission des organes de gestion
23/08/2000	Statuts mis à jour
23/08/2000	Modification du Conseil d'Administration
23/08/2000	PV d'Assemblée
04/08/1995	Statuts mis à jour
04/08/1995	PV du Conseil d'Administration
04/08/1995	Augmentation de Capital
04/08/1995	Rapport des Commissaires ou du Gérant
04/08/1995	PV d'Assemblée
29/03/1994	Nomination/démission des organes de gestion
29/03/1994	Modification du Conseil d'Administration
29/03/1994	PV d'Assemblée

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.25
UK Pound	1	Rs.77.19
Euro	1	Rs.65.29

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.