MIRA INFORM REPORT

Report Date :

11.01.2012

IDENTIFICATION DETAILS

Correct Name :	CUSTOMAGIC EUROPE

Registered Office :	205 B Rue Du Virolois, 59200 Tourcoing

Country :	France

Financials (as on) :	31.12.2010

Date of Incorporation :	January 1966

Com. Reg. No.:	RCS Roubaix-Tourcoing 9 466 502 242

Legal Form :	Simplified Joint Stock Company

Line of Business :	Wholesale business of textiles

No. of Employees :	49

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	280,000 €
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

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

REGISTERED NAME & COMPANY SUMMARY

CUSTOMAGIC EUROPE

Activity (APE)

Commerce de gros (commerce interentreprises) de textiles (4641Z)

(Wholesale (business to business) textiles(4641Z)

Legal form

Simplified joint stock company

Phone

RCS Registration

RCS Roubaix-Tourcoing 9 466 502 242

Fax

Share capital

713,000 Euros

Address

CUSTOMAGIC EUROPE
205 B RUE DU VIROLOIS
59200 TOURCOING

Incorporated Date

10/1969

Nationality

France

Status

Economically active

Company details

Activity (APE)

Commerce de gros (commerce interentreprises) de textiles (4641Z)

RCS Registration

RCS Roubaix-Tourcoing 9 466 502 242

Share capital

713,000 Euros

Registration Court

Roubaix-Tourcoing (59)

Legal form

Simplified joint stock company

Court Registry Number

19 9 3B000

EU VAT Number

FR50466502242

Incorporation Date

10/1969

Formation Date

01/1966

Deregistration Date

Last account Date

31/12/2010

Nationality

France

Establishment details

Activity (APE)

Commerce de gros (commerce interentreprises) de textiles (4641Z)

Business Pages FT®

Postal Address

CUSTOMAGIC EUROPE
205 B RUE DU VIROLOIS
59200 TOURCOING

Trading Address

205 B RUE DU VIROLOIS
59200 TOURCOING

Telephone

Fax

Type

Head office

Status

Economically active

Formation Date

03/2008

Reason for formation

Formation

Closure Date

Reason for closure

Reactivation Date

10/2010

Production Role

Activity Nature

Activity Location

Location surface

Seasonality

Department

Nord (59)

Region

Nord-Pas-de-Calais

District

Area

City

TOURCOING

Size of urban area

CREDIT RECOMENDATION

Current Credit Limit: 280,000 €

DIRECTORS/MANAGEMENT

Current Directors

Trading to Date	12/31/2010	12/31/2008	12/31/2007
Turnover	8,867,558 €	15,497,014 €	15,826,789 €
Gross Operating Surplus	-13,46 % Turnover	-0,01 % Turnover	1,25 % Turnover
Net worth	1,869,783 €	718,030 €	1,485,621 €
Employees	20 to 49 employees	-	-

directors

Name	M. MULLIEZ ALEXIS
Manager position	Président	Date of birth	10/09/1971
Place of birth	59 CROIX
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	M FRANCIS BONDUE
Président	M ALEXIS MULLIEZ
Président	M ALEXIS MULLIEZ

NEGATIVE INFORMATION

Last published preferential right

No social security and tax office preferential right to date

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	26/02/2010
Status of Monitoring	No social security and tax office preferential right to date

SHARE & SHARE CAPITAL INFORMATION

Average number of employees

			31/12/2010		31/12/2008		31/12/2007
	Average number of employees	YP	25	0%	0	0%	0

Groups and Shareholders

			31/12/2010		31/12/2008		31/12/2007
	Groups and Shareholders	ZR	0	-	0	-	-

PAYMENT INFORMATION

Prepaid

			31/12/2010		31/12/2008		31/12/2007
	Prepaid	VS	9 012	84,2%	4 893	835,6%	523

State Debt

			31/12/2010		31/12/2008		31/12/2007
	Total debt (gross)	VY	2 262 784	-71,2%	7 845 289	-10,9%	8 807 371
1 year at most		VZ2	2 262 784	-70,8%	7 742 809	-12,1%	8 807 371
More than 1 year and 5 years at most		VZ3	0	0%	102 480	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2008		31/12/2007
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	1 109	-98,9%	102 480	-71,3%	356 667
1 year at most		VH2	1 109	0%	0	0%	356 667
More than 1 year and 5 years at most		VH3	0	0%	102 480	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	1 194 740	-47,8%	2 289 196	-23,6%	2 997 712
1 year at most		8B2	1 194 740	-47,8%	2 289 196	-23,6%	2 997 712
More than 1 year and 5 years at most		8B3	1 194 740	-47,8%	2 289 196	0%	0
	Personnel and associated accounts (gross)	8C1	48 545	-44,9%	88 180	1,7%	86 707
1 year at most		8C2	48 545	-44,9%	88 180	1,7%	86 707
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	87 372	-49,0%	171 412	-1,0%	173 165
1 year at most		8D2	87 372	-49,0%	171 412	-1,0%	173 165
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	132 928	-53,3%	284 465	28,8%	220 830
1 year at most		VW2	132 928	-53,3%	284 465	28,8%	220 830
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	13 936	-76,6%	59 523	-4,8%	62 502
1 year at most		VQ2	13 936	-76,6%	59 523	-4,8%	62 502
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	651 370	-84,6%	4 222 032	0,2%	4 212 415
1 year at most		VI2	651 370	-84,6%	4 222 032	0,2%	4 212 415
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	132 783	-78,6%	621 632	-10,5%	694 481
1 year at most		8K2	132 783	-78,6%	621 632	-10,5%	694 481
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%	6 370	120,3%	2 892
1 year at most		8L2	0	0%	6 370	120,3%	2 892
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

GROUP STRUCTURE & AFFILIATED COMPANIES

FINANCIAL INFORMATION

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	31/12/2010		31/12/2008		31/12/2007	Sector Median 2010
Fixed Asset Financing	7,49	204,5%	2,46	-10,9%	2,76	2,95	153,9%
Global Debt	92 days	-49,5%	182 days	-9,0%	200 days	125 days	-26,4%
Working Capital Fund overall net	102 days	-3,8%	106 days	-13,1%	122 days	77 days	32,5%
Financial independence	167462,40%	24228,8%	688,33%	65,3%	416,53%	430,51%	38798,6%
More ratios
Solvability	44,92%	447,1%	8,21%	-42,2%	14,20%	33,95%	32,3%
Capacity debt futures	168600,81%	-	%	-	416,53%	1244,72%	13445,3%
Coverage of current assets by net working capital overall	56,61%	12,3%	50,41%	-2,3%	51,59%	44,65%	26,8%
General Liquidity	0,97	56,5%	0,62	-10,1%	0,69	0,62	56,5%
Restricted Liquidity	1,02	59,4%	0,64	-12,3%	0,73	0,96	6,2%

Management or rotation

	31/12/2010		31/12/2008		31/12/2007	Sector Median 2010
Need background in operating working capital	97 days	-7,6%	105 days	-13,9%	122 days	34,50 days	181,2%
Treasury	5 days	400%	1 days	0%	1 days	10 days	-50,0%
Inventory turnover of goods	days	-	days	-	days	101,50 days	-
Average length of credit granted to customers	74 days	-25,3%	99 days	-13,9%	115 days	50 days	48,0%
Average length of credit obtained suppliers	41 days	-30,5%	59 days	-19,2%	73 days	61 days	-32,8%
More ratios
Inventory turnover of raw materials in industrial enterprises	30 days	-14,3%	35 days	-12,5%	40 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	6246 days	877,5%	639 days	-5,2%	674 days	1203 days	419,2%
Rotation tangible assets	6246,47%	877,6%	638,94%	-5,2%	674,19%	1872,32%	233,6%

Profitability of the business

	31/12/2010		31/12/2008		31/12/2007	Sector Median 2010
Margin trading	0%	0%	0%	0%	0	30,73%	0%
Profitability of the business	-13,46	-134500%	-0,01	-100,8%	1,25	3,09%	-535,6%
Net profit	15,08%	404,6%	-4,95%	-325,0%	2,20%	1,62%	830,9%
More ratios
Growth rate of turnover (excluding VAT)	-42,78%	-1956,7%	-2,08%	-118,8%	11,08%	0,54%	-8022,2%
Rates integration	-1,41%	-112,1%	11,63%	-10,3%	12,97%	19,73%	-107,1%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	-795,09%	-1000,7%	88,27%	6,9%	82,59%	66,95%	-1287,6%
Weight interests	1,48	-48,1%	2,85%	18,8%	2,40%	0,46%	221,7%

Return on capital

	31/12/2010		31/12/2008		31/12/2007	Sector Median 2010
Cash flow from the overall profitability	-20,26%	-197,5%	-6,81%	-151,3%	-2,71%	2,09%	-1069,4%
Rates of economic profitability	-47%	0%	0%	0%	3%	10%	-570,0%
Financial profitability	1869783%	160,4%	718030%	-51,7%	1485621%	51323%	3543,2%
Return on investment	58,23%	1001,4%	-6,46%	-153,7%	12,04%	8,88%	555,7%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2008		31/12/2007	Sector Median 2010
Turnover	8 867 558	-42,8%	15 497 014	-2,1%	15 826 789	438 167 €	1923,8%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	0	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	0 €	0%	0 €	103 324 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0,00 % CA	31,71 % CA	0%

Sale of goods produced	8 867 558	-42,8%	15 497 014	-2,1%	15 826 789
+/- Stocked production	0	0%	349 204	-63,5%	957 581
+ Self-constructed assets	0	0%	0	0%	0
Period production	8 867 558 €	-44,0%	15 846 218 €	-5,6%	16 784 370 €	8 720 €	101592,2%
	100,00 % CA	-2,2%	102,25 % CA	-3,6%	106,05 % CA	2,34 % CA	4173,5%

Trading margin	0	0%	0	0%	0	103 324	0%
+ Period Production	8 867 558	-44,0%	15 846 218	-5,6%	16 784 370	8 720	101592,2%
- Purchase of raw materials	5 463 481	-34,2%	8 308 823	-9,3%	9 163 849
+/- Change in stocks of raw materiels	677 822	242,0%	198 215	33,8%	148 185
- Other external purchases and charges	2 851 342	-48,5%	5 536 541	2,2%	5 419 733
Added value	-125 087 €	-106,9%	1 802 639 €	-12,2%	2 052 603 €	90 333 €	-238,5%
	-1,41 % CA	-112,1%	11,63 % CA	-10,3%	12,97 % CA	19,73 % CA	-107,1%

Added value	-125 087 €	-106,9%	1 802 639 €	-12,2%	2 052 603 €	90 333 €	-238,5%
+ Operating grants	89 601	0%	0	0%	0
- Tax, duty and similar payments	163 117	-23,2%	212 306	32,5%	160 189
- Personal charges	994 548	-37,5%	1 591 243	-6,1%	1 695 336
Gross operating surplus	-1 193 151 €	-131015,5%	-910 €	-100,5%	197 078 €	9 385 €	-12813,4%
	-13,46 % CA	-134500%	-0,01 % CA	-100,8%	1,25 % CA	3,09 % CA	-535,6%

Gross operating surplus	-1 193 151 €	-131015,5%	-910 €	-100,5%	197 078 €	9 385 €	-12813,4%
+ Release of reserves and provisions	480 659	19,5%	402 088	-36,3%	631 326
+ Other operating income	10 616	-53,0%	22 584	-34,6%	34 512
- Depreciation/Amortisation	520 462	-35,4%	806 055	82,3%	442 161
- Other charges	21 442	-40,3%	35 900	1315,1%	2 537
Operating result	-1 243 780 €	-197,4%	-418 193 €	-200,0%	418 218 €	8 204 €	-15260,7%
	-14,03 % CA	-419,6%	-2,70 % CA	-202,3%	2,64 % CA	2,39 % CA	-687,0%

Operating result	-1 243 780 €	-197,4%	-418 193 €	-200,0%	418 218 €	8 204 €	-15260,7%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	23 838	-73,7%	90 650	-11,3%	102 150
- Financial charges	131 209	-70,3%	441 669	16,2%	380 025
Pre-tax result	-1 351 151 €	-75,7%	-769 212 €	-648,1%	140 343 €	6 842 €	-19847,9%
	-15,24 % CA	-207,3%	-4,96 % CA	-657,3%	0,89 % CA	1,82 % CA	-937,4%

Extraordinary income	3 025 740	14713,2%	20 426	-92,9%	288 835	116	2608296,6%
- Extraordinary charges	337 116	1692,8%	18 804	-69,5%	61 635
Extraordinary result	2 688 624 €	165659,8%	1 622 €	-99,3%	227 200 €	0 €	0%
	30,32 % CA	303100%	0,01 % CA	-99,3%	1 % CA	0 % CA	0%

Pre-tax result	-1 351 151 €	-75,7%	-769 212 €	-648,1%	140 343 €	6 842 €	-19847,9%
Extraordinary result	2 688 624 €	165659,8%	1 622 €	-99,3%	227 200 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	0	0%	0	0%	18 750
Net result	1 337 473 €	274,2%	-767 590 €	-320,1%	348 793 €	7 142 €	18626,9%
	15,08 % CA	404,6%	-4,95 % CA	-325,0%	2,20 % CA	1,61 % CA	836,6%

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010	31/12/2008	31/12/2007
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	13/10/2011	17/05/2010	-
Activity Code	4641Z	4641Z	4641Z
Employees	25	0	0

Active account

Annual Accounts	31/12/2010		31/12/2008		31/12/2007	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	34 825	-93,6%	543 870	12,1%	485 144	22 245	56,6%
- Intangible assets	166 166	-0,5%	166 965	9,5%	152 449	01	16616500%
- Tangible assets	33 733	-90,6%	359 174	8,0%	332 696	5 178	551,5%
- Financial assets	0	0%	30 356	0%	0	2 136	0%
Net current assets	4 127 743	-49,7%	8 206 044	-17,8%	9 977 848	221 385	1764,5%
- Stocks	1 817 092	-45,3%	3 322 913	-5,9%	3 530 548	54 877	3211,2%
- Advanced payments	0	-49,7%	0	0%	0	0	0%
- Receivables	2 188 014	-53,8%	4 736 039	-21,8%	6 056 369	76 043	2777,3%
- Securities and cash	122 637	-16,6%	147 092	-62,4%	390 932	31 622	287,8%
- Prepaid expenses	-	-	-	-	-	22,50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	4 162 567	-52,4%	8 749 915	-16,4%	10 462 993	285 270	1359,2%

Passive Account

Annual Accounts	31/12/2010		31/12/2008		31/12/2007	Sector Median 2010
Shareholders' equity	1 869 783	160,4%	718 030	-51,7%	1 485 621	78 629	2278,0%
Share capital	713 000	0%	713 000	0%	713 000	15 245	4576,9%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	30 000	-83,9%	186 597	9,8%	170 000	0	0%
Liabilities	2 262 784	-71,2%	7 845 289	-10,9%	8 807 371	173 393	1205,0%
- Financial liabilities	652 479	-84,9%	4 324 512	-5,4%	4 569 082	17 982	3528,5%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	1 194 740	-47,8%	2 289 196	-23,6%	2 997 712	54 367	2097,5%
- Tax and social liabilities	282 781	-53,1%	603 580	11,1%	543 204	39 749	611,4%
- Other debts and fixed assets liabilities	132 783	-78,6%	621 632	-10,5%	694 481	5 605	2269,0%
Account regularization	0	0%	6 370	120,3%	2 892	0	0%
Total liabilities	4 162 567	-52,4%	8 749 915	-16,4%	10 462 993	285 270	1359,2%

Results

Annual Accounts	31/12/2010		31/12/2008		31/12/2007	Sector Median 2010
Sales of Goods	9 448 434	-41,9%	16 270 890	-6,8%	17 450 207	447 988	2009,1%
Net turnover	8 867 558	-42,8%	15 497 014	-2,1%	15 826 789	438 167	1923,8%
- of which net export turnover	87 067	-75,8%	360 500	60,6%	224 535	1 367	6269,2%
Operating charges	10 692 214	-35,9%	16 689 083	-2,0%	17 031 991	436 578	2349,1%
Operating profit/loss	-1 243 781	-197,4%	-418 193	-200,0%	418 216	8 204	-15260,7%
Financial income	23 838	-73,7%	90 650	-11,3%	102 150	54	44044,4%
Financial charges	131 209	-70,3%	441 669	16,2%	380 025	1 743	7427,8%
Financial profit/loss	-107 371	69,4%	-351 019	-26,3%	-277 876	-455	-23498,0%
Pretax net operating income	-1 351 152	-75,7%	-769 212	-648,1%	140 341	6 842	-19847,9%
Extraordinary income	3 025 740	14713,2%	20 426	-92,9%	288 835	116	2608296,6%
Extraordinary charges	337 116	1692,8%	18 804	-69,5%	61 635	406	82933,5%
Extraordinary profit/loss	2 688 624	82358,2%	1 622	-99,3%	227 200	0	0%
Net result	1 337 472	274,2%	-767 592	-320,1%	348 791	7 177	18535,5%

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		31/12/2010		31/12/2008		31/12/2007
	Months		12		12		12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2010		31/12/2008		31/12/2007
Grand Total (I to VI)	Net	4 162 567	-52,4%	8 749 915	-16,4%	10 462 993
Gross	CO	4 842 140	-60,4%	12 238 748	-9,3%	13 495 858
Amortisation	1A	679 573	-80,5%	3 488 833	15,0%	3 032 866

Non declared distributed capital (I)

		31/12/2010		31/12/2008		31/12/2007
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

		31/12/2010		31/12/2008		31/12/2007
Total Active fixed asset (II)	Net	34 825	-93,6%	543 870	12,1%	485 144
Gross	BJ	387 838	-87,7%	3 141 982	2,6%	3 062 099
Amortisation	BK	353 013	-86,4%	2 598 112	0,8%	2 576 954

Intangilble fixed assets

			31/12/2010		31/12/2008		31/12/2007
	Start-up cost	Net	12 625	0%	12 625	0%	0
	Gross	AB	12 625	0%	12 625	0%	12 625
	Amortisation	AC	12 625	0%	12 625	0%	12 625
	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	1 092	-42,3%	1 891	0%	0
	Gross	AF	80 802	-69,3%	263 611	0,8%	261 611
	Amortisation	AG	79 710	-69,5%	261 720	0,0%	261 611
	Goodwill	Net	152 449	0%	152 449	0%	152 449
	Gross	AH	152 449	0%	152 449	0%	152 449
	Amortisation	AI	152 449	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	166 166	-0,5%	166 965	9,5%	152 449

Tangilble fixed assets

		31/12/2010		31/12/2008		31/12/2007
Lands	Net	0	0%	158 080	0%	158 080
Gross	AN	0	0%	158 080	0%	158 080
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	0	0%	104 817	-20,0%	130 998
Gross	AP	0	0%	1 986 856	0%	1 986 856
Amortisation	AQ	0	0%	1 882 039	1,4%	1 855 858
Plant	Net	10 911	-61,4%	28 284	366,8%	6 059
Gross	AR	86 405	-25,8%	116 503	30,8%	89 037
Amortisation	AS	75 494	-14,4%	88 219	6,3%	82 978
Other tangible fixed assets	Net	17 362	-74,5%	67 993	81,0%	37 559
Gross	AT	50 097	-69,4%	163 978	44,4%	113 561
Amortisation	AU	32 735	-65,9%	95 985	26,3%	76 002
Fixed assets in construction	Net	5 460	0%	0	0%	0
Gross	AV	5 460	0%	0	0%	0
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	0
Gross	AX	0	0%	0	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	33 733		359 174		332 696

Financial assets

		31/12/2010		31/12/2008		31/12/2007
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%	30 356	0%	0
Gross	CU	0	0%	98 055	0%	98 055
Amortisation	CV	0	0%	67 699	-31,0%	98 055
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	189 825	0%	189 825
Amortisation	BC	0	0%	189 825	0%	189 825
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	0	0%	0	0%	0
Gross	BH	0	0%	0	0%	0
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		0		30 356		0

Current Assets (III)

		31/12/2010		31/12/2008		31/12/2007
Total Assets	Net	4 127 743	-49,7%	8 206 044	-17,8%	9 977 848
Gross	CJ	4 454 303	-51,0%	9 096 765	-12,8%	10 433 760
Amortisation	CK	326 560	-63,3%	890 721	95,4%	455 912

Stocks

		31/12/2010		31/12/2008		31/12/2007
Raw materials	Net	132 258	-81,4%	711 686	-25,2%	951 438
Gross	BL	458 818	-43,5%	811 889	-19,6%	1 010 105
Amortisation	BM	326 560	225,9%	100 203	70,8%	58 667
Work in progress (goods)	Net	0	0%	164 295	-76,6%	702 499
Gross	BN	0	0%	164 295	-77,6%	733 822
Amortisation	BO	0	0%	0	0%	31 323
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	1 684 834	-31,1%	2 446 932	30,4%	1 876 611
Gross	BR	1 684 834	-45,7%	3 101 271	42,1%	2 182 540
Amortisation	BS	0	0%	654 339	113,9%	305 929
Goods for resale	Net	0	0%	0	0%	0
Gross	BT	0	0%	0	0%	0
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	1 817 092	-45,3%	3 322 913	-5,9%	3 530 548

Advance payments to suppliers

		31/12/2010		31/12/2008		31/12/2007
Advance payments to suppliers	Net	0	0%	0	0%	0
Gross	BV	0	0%	0	0%	0
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2010		31/12/2008		31/12/2007
Trade accounts receivable	Net	1 782 257	-57,9%	4 236 401	-15,5%	5 014 463
Gross	BX	1 782 257	-58,3%	4 269 888	-15,5%	5 054 119
Amortisation	BY	0	0%	33 487	-15,6%	39 656
Other debtors	Net	396 745	-19,8%	494 745	-52,5%	1 041 383
Gross	BZ	396 745	-33,6%	597 437	-43,7%	1 061 720
Amortisation	CA	0	0%	102 692	405,0%	20 337
Capital subscribed and called up	Net	0	0%	0	0%	0
Gross	CB	0	0%	0	0%	0
Amortisation	CC	0	0%	0	0%	0
Sub Total Debtors	Net	2 179 002	-53,9%	4 731 146	-21,9%	6 055 846

Divers

		31/12/2010		31/12/2008		31/12/2007
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	122 637	-16,6%	147 092	-62,4%	390 932
Gross	CF	122 637	-16,6%	147 092	-62,4%	390 932
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	122 637	-16,6%	147 092	-62,4%	390 932

Prepaid expenses

		31/12/2010		31/12/2008		31/12/2007
Prepaid expenses	Net	9 012	84,2%	4 893	835,6%	523
Gross	CH	9 012	84,2%	4 893	835,6%	523
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2010		31/12/2008		31/12/2007
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	0	0%	0	0%	0
Gross		0	0%	0	-	-

References

		31/12/2010		31/12/2008		31/12/2007
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	39 734	0%	39 734

Display parameter
Currency	Euro	Kilo Euro

			31/12/2010		31/12/2008		31/12/2007
	Grand Total (I to V)	EE	4 162 567	-52,4%	8 749 915	-16,4%	10 462 993

Shareholder Equity (I)

		31/12/2010		31/12/2008		31/12/2007
Total shareholders' equity (Total I)	DL	1 869 783	160,4%	718 030	-51,7%	1 485 621
Equity and shareholders' equity	DA	713 000	0%	713 000	0%	713 000
Issue and merger premiums	DB	35	0%	35	0%	35
Revaluation differentials	DC	6 595	0%	6 595	0%	6 595
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	29 280	0%	29 280	0%	29 280
Statutory or contractual reserve	DE	0	0%	0	0%	0
Special regulated reserves	DF	0	0%	0	0%	0
Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
Other reserves	DG	0	0%	0	0%	0
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	-216 598	-129,4%	736 712	89,9%	387 922
Profit or loss for the period	DI	1 337 472	274,2%	-767 592	-320,1%	348 791
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		31/12/2008		31/12/2007
Total other capital resources (Total II)	DO	0	0%	0	0%	0
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

		31/12/2010		31/12/2008		31/12/2007
Total provisions for risks and charges (Total III)	DR	30 000	-83,9%	186 597	9,8%	170 000
Risk provisions	DP	30 000	0%	0	0%	0
Reserves for charges	DQ	0	0%	186 597	9,8%	170 000

Liabilities (IV)

		31/12/2010		31/12/2008		31/12/2007
Total Liabilities (Total IV)	EC	2 262 784	-71,2%	7 845 289	-10,9%	8 807 371
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	1 109	-98,9%	102 480	-71,3%	356 667
Sundry loans and financial liabilities	DV	651 370	-84,6%	4 222 032	0,2%	4 212 415
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	0	0%	0	0%	0
Trade accounts payables	DX	1 194 740	-47,8%	2 289 196	-23,6%	2 997 712
Tax and social security liabilities	DY	282 781	-53,1%	603 580	11,1%	543 204
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	132 783	-78,6%	621 632	-10,5%	694 481

Translation loss (V)

			31/12/2010		31/12/2008		31/12/2007
	Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

			31/12/2010		31/12/2008		31/12/2007
	Deferred income	EB	0	0%	6 370	120,3%	2 892

References

		31/12/2010		31/12/2008		31/12/2007
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	2 262 784	-70,8%	7 742 809	-12,1%	8 807 371
Of which current bank facilities	EH	1 109	-98,9%	102 480	-71,3%	356 667

Display parameter
Currency	Euro	Kilo Euro

			31/12/2010		31/12/2008		31/12/2007
	Operating result (Total I-II)	GG	-1 243 781	-197,4%	-418 193	-200,0%	418 216

2 - Financial result (V - VI)

			31/12/2010		31/12/2008		31/12/2007
	Financial result (Total V-VI)	GV	-107 371	69,4%	-351 019	-26,3%	-277 876

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

			31/12/2010		31/12/2008		31/12/2007
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-1 351 152	-75,7%	-769 212	-648,1%	140 341

4 - Extraordinary result (VII-VIII)

			31/12/2010		31/12/2008		31/12/2007
	Extraordinary result (Total VII-VIII)	HI	2 688 624	165659,8%	1 622	-99,3%	227 200

Profit or loss

			31/12/2010		31/12/2008		31/12/2007
	Profit or loss	HN	1 337 472	274,2%	-767 592	-320,1%	348 791

Total Income (I+III+V+VII)

			31/12/2010		31/12/2008		31/12/2007
	Total Income (I+III+V+VII)	HL	12 498 011	-23,7%	16 381 966	-8,2%	17 841 192

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

			31/12/2010		31/12/2008		31/12/2007
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	11 160 540	-34,9%	17 149 556	-2,0%	17 492 401

Operating income (I)

			31/12/2010		31/12/2008		31/12/2007
	Total operating income (Total I)	FR	9 448 434	-41,9%	16 270 890	-6,8%	17 450 207

Operating income (details)

		31/12/2010		31/12/2008		31/12/2007
Sale of goods for resale	FC	0	0%	0	0%	0
France	FA	0	0%	0	0%	0
Export	FB	0	0%	0	0%	0
Sale of goods produced	FF	8 413 248	-44,8%	15 241 783	-1,9%	15 532 031
France	FD	8 326 181	-44,1%	14 881 865	-3,2%	15 366 189
Export	FE	87 067	-75,8%	359 918	117,0%	165 842
Sale of services	FI	454 310	78,0%	255 231	-13,4%	294 758
France	FG	454 310	78,4%	254 649	7,9%	236 065
Export	FH	0	0%	582	-99,0%	58 693
Net turnover	FL	8 867 558	-42,8%	15 497 014	-2,1%	15 826 789
France	FJ	8 780 491	-42,0%	15 136 514	-3,0%	15 602 254
Export	FK	87 067	-75,8%	360 500	60,6%	224 535
Stocked production	FM	0	0%	349 204	-63,5%	957 581
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	89 601	0%	0	0%	0
Release of reserves and provisions	FP	480 659	19,5%	402 088	-36,3%	631 326
Other income	FQ	10 616	-53,0%	22 584	-34,6%	34 512

Operating charges (II)

			31/12/2010		31/12/2008		31/12/2007
	Total operating charges (Total II)	GF	10 692 214	-35,9%	16 689 083	-2,0%	17 031 991

Exploitation charges

		31/12/2010		31/12/2008		31/12/2007
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	5 463 481	-34,2%	8 308 823	-9,3%	9 163 849
Change in stocks of raw materials	FV	677 822	242,0%	198 215	33,8%	148 185
Other external purchases and charges	FW	2 851 342	-48,5%	5 536 541	2,2%	5 419 733
Tax, duty and similar payments	FX	163 117	-23,2%	212 306	32,5%	160 189
Payroll	FY	760 291	-33,7%	1 146 717	-6,8%	1 230 142
Social security costs	FZ	234 257	-47,3%	444 526	-4,4%	465 194

Depreciation

		31/12/2010		31/12/2008		31/12/2007
Depreciation of fixed assets	GA	41 453	-19,5%	51 513	29,8%	39 698
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	326 560	-56,7%	754 542	87,5%	402 463
Provisions for risks and charges	GD	152 449	0%	0	0%	0

Other charges

			31/12/2010		31/12/2008		31/12/2007
	Other charges	GE	21 442	-40,3%	35 900	1315,1%	2 537

Operating charges (III-IV)

		31/12/2010		31/12/2008		31/12/2007
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		31/12/2008		31/12/2007
Total financial income (Total V)	GP	23 838	-73,7%	90 650	-11,3%	102 150
Share financial income	GJ	0	0%	3 299	-84,8%	21 683
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	11 200	-24,1%	14 748	-48,1%	28 427
Released provisions and transferred charges	GM	0	0%	30 356	23,8%	24 514
Exchange gains	GN	12 638	-70,1%	42 247	53,5%	27 526
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2010		31/12/2008		31/12/2007
Total financial charge (Total VI)	GU	131 209	-70,3%	441 669	16,2%	380 025
Financial reserves and provisions	GQ	0	0%	82 356	0%	0
Interest and similar charges	GR	112 514	-63,1%	304 509	-9,4%	336 161
Exchange losses	GS	18 695	-65,9%	54 804	24,9%	43 864
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

		31/12/2010		31/12/2008		31/12/2007
Total extraordinary income (Total VII)	HD	3 025 740	14713,2%	20 426	-92,9%	288 835
Extraordinary operating income	HA	0	0%	12 904	-77,9%	58 488
Extraordinary income from capital transactions	HB	2 875 740	38131,1%	7 522	-96,4%	211 597
Released provisions and transferred charges	HC	150 000	0%	0	0%	18 750

Extraordinary charges (VIII)

		31/12/2010		31/12/2008		31/12/2007
Total extraordinary charges (Total VIII)	HH	337 116	1692,8%	18 804	-69,5%	61 635
Extraordinary operating charges	HE	6 000	2798,6%	207	-98,8%	17 121
Extraordinary charges from capital transactions	HF	331 116	16455,8%	2 000	-91,8%	24 514
Extraordinary reserves and provisions	HG	0	0%	16 597	-17,0%	20 000

Employee profit sharing (IX)

			31/12/2010		31/12/2008		31/12/2007
	Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

			31/12/2010		31/12/2008		31/12/2007
	Tax on profits (Total X)	HK	0	0%	0	0%	18 750

References

		31/12/2010		31/12/2008		31/12/2007
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%	24 874
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%	25 000
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

		31/12/2010		31/12/2008		31/12/2007
Gross value at begin of period	OG	0	0%	0	0%	3 079 984
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	7 167
Decreasess by budget item transfer	OK1	0	0%	0	0%	0
Decreasess by transfers	OK2	2 371 820	0%	0	0%	25 052
Gross value at the end of period	OL	387 838	-87,7%	3 141 982	2,6%	3 062 099

Research and development Charge (Total I)

		31/12/2010		31/12/2008		31/12/2007
Gross value at begin of period	CZ	12 625	0%	12 625	0%	12 625
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	12 625	0%	12 625	0%	12 625

Other budget item from Intangible fixed assets (Total II)

		31/12/2010		31/12/2008		31/12/2007
Gross value at begin of period	KD	233 251	-43,7%	414 060	0%	414 060
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	0%	2 000	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	233 251	-43,9%	416 060	0,5%	414 060

Tangible fixed assets (Total III)

		31/12/2010		31/12/2008		31/12/2007
Gross value at begin of period	LN	2 493 172	6,2%	2 347 533	0,4%	2 338 846
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	20 609	-73,5%	77 883	130,8%	33 739
Decreasess by budget item transfer	NG1	0	0%	0	0%	0
Decreasess by transfers	NG2	2 371 820	0%	0	0%	25 052
Gross value at the end of period	NH	141 961	-94,1%	2 425 416	3,3%	2 347 533

Fiancial assets (Total IV)

		31/12/2010		31/12/2008		31/12/2007
Gross value at begin of period	LQ	0	0%	287 880	-8,5%	314 452
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	-26 572
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	0	0%	0	0%	0
Gross value at the end of period	NK	0	0%	287 880	0%	287 880

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

			31/12/2010		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	2 274 428
Increases		0P	0	0%	0	0%	39 698
Decreasess		0Q	0	0%	0	0%	25 052
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	2 289 074

Research and development charge (Total I)

			31/12/2010		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	12 625
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	12 625

Other intangible assets (Total II)

			31/12/2010		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	PE	79 310	-69,7%	261 611	0%	261 611
Increases		PF	400	270,4%	108	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	79 710	-69,5%	261 720	0,0%	261 611

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2008		31/12/2007
	Reserve for depreciation value at begin of period	QU	2 087 270	3,6%	2 014 838	0,7%	2 000 192
Increases		QV	41 053	-20,1%	51 405	29,5%	39 698
Decreases		QW	2 020 094	0%	0	0%	25 052
	Decreasess by budget item transfer	QX	108 229	-94,8%	2 066 243	2,6%	2 014 838

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

			31/12/2010		31/12/2008		31/12/2007
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2010		31/12/2008		31/12/2007
	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	12 625	0%	12 625	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2010		31/12/2008		31/12/2007
	Value at begining of period	7C	660 659	-27,7%	913 792	-27,7%	1 263 613
Increases		UB	479 009	-43,9%	853 494	102,0%	422 463
Decreases		UC	630 659	45,8%	432 444	-33,4%	649 716
	Value at the end of period	UD	509 009	-61,9%	1 334 842	28,8%	1 036 361

Includes Total allocations

Operating	UE	479 009	-36,5%	754 542	87,5%	402 463
Financial	UG	0	0%	82 356	0%	0
Exceptional	UJ	0	0%	16 597	-17,0%	20 000

Includes Total Withdrawal

Operating	UF	480 659	19,5%	402 088	-33,7%	606 452
Financial	UH	0	0%	30 356	23,8%	24 514
Exceptional	UK	150 000	0%	0	0%	18 750

Total regulated provisions (Total I)

			31/12/2010		31/12/2008		31/12/2007
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2010		31/12/2008		31/12/2007
	Value at begining of period	5Z	180 000	5,9%	170 000	-16,2%	202 892
Increases		TV	0	0%	16 597	-17,0%	20 000
Decreases		TW	150 000	0%	0	0%	52 892
	Value at the end of period	TX	30 000	-83,9%	186 597	9,8%	170 000

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2008		31/12/2007
	Value at begining of period	7B	480 659	-35,4%	743 792	-29,9%	1 060 721
Increases		TY	479 009	-42,8%	836 898	107,9%	402 463
Decreases		TZ	480 659	11,1%	432 444	-27,5%	596 824
	Value at the end of period	UA	479 009	-58,3%	1 148 246	32,5%	866 361

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

		31/12/2010		31/12/2008		31/12/2007
Gross value	VT	2 188 013	-56,8%	5 062 043	-19,7%	6 306 186
1 year at most	VU	2 188 013	-54,7%	4 832 484	-20,5%	6 076 628
More than one year	VV	0	0%	229 559	0%	229 559

State of loans

		31/12/2010		31/12/2008		31/12/2007
Claims related to holdings (gross)	UL	0	0%	189 825	0%	189 825
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2010		31/12/2008		31/12/2007
Customers doubtful or disputed	VA	0	0%	39 734	0%	39 734
Other claims customer	UX	1 782 257	-57,9%	4 230 154	-15,6%	5 014 385
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	1 143	-40,0%	1 906
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	115 977	-54,5%	254 840	-28,8%	358 023
Other taxes and payments assimilated	VN	34 224	0%	0	0%	0
State and other public - Miscellaneous	VP	66 000	0%	0	0%	0
Group and Associates	VC	0	0%	102 692	-52,3%	215 343
Accounts receivable (including claims relating to the operation of pension titles)	VR	180 544	-24,4%	238 762	-50,9%	486 448

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Trends
	Profitability
	Liquidity
	Net worth

Other establishments
			Branches		2 branch entities in this company


			Head office		> CUSTOMAGIC EUROPE <<< - Commerce de gros (commerce interentreprises) de textiles (4641Z) in TOURCOING (59200)
		Secondary establishments		> CUSTOMAGIC EUROPE - Commerce de gros (commerce interentreprises) de textiles (4641Z) in HALLUIN (59250) > CUSTOMAGIC EUROPE - Commerce de gros (commerce interentreprises) de textiles (4641Z) in RONCQ (59223)
			Regionality		Legal unit with all establishments 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		Workforce unknown		Company workforce	20 to 49 employees

event history

Status history
Date	Description
01/10/2010	Economically active

Recent publications in Gazettes
Publication date	Gazette Name	Description
17/12/2011	JAL	Appointment of the social representative

Gazette Nord Pas de Calais/Edition du Nord Société faisant l'objet d'une nomination : 466502242 - CUSTOMAGIC EUROPE, 205 B RUE DU VIROLOIS, 59200 TOURCOING Nominé : Monsieur Fréderic BOSQUET, 59780 BAISIEUX En la fonction de : Directeur général Date d'effet : 02/11/2011
25/10/2011	Bodacc C	Comptes annuels et rapports

59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 9327 - 466502242 RCS. CUSTOMAGIC EUROPE. Forme : Société par actions simplifiée. Adresse : 205 rue du Virolois 59200 Tourcoing. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
24/10/2010	Bodacc B	Modification et mutation diverse

59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 884 - 466 502 242 RCS Roubaix-Tourcoing. CUSTOMAGIC EUROPE. Forme : Société par actions simplifiée. Administration : Président de la société : MULLIEZ Alexis Commissaire aux comptes titulaire : ERNST & YOUNG Commissaire aux comptes suppléant : AUDITEX. Capital : 713000 EUR. Activité : Produits textiles fabrication et vente de tous produits textiles. Adresse de l’établissement principal : 205 rue du Virolois, 59200 Tourcoing. Adresse du siège social : 205 rue du Virolois, 59200 Tourcoing. Commentaires : Transfert du siège et de l'établissement principal avec création. Date de commencement de l’activité : 01/01/1993. Date d’effet : 01/10/2010.
24/09/2010	JAL	Head Office Transfer

LA GAZETTE DU NORD PAS DE CALAIS Date de décision : 01/01/2010 Transfert du siège social de la société 466502242 - CUSTOMAGIC EUROPE Adresse du nouveau siège : 205 RUE DU VIROLOIS, 59200 TOURCOING Ancienne localisation : 4 AV ANATOLE FRANCE, BP 300, 59250 HALLUIN
03/06/2010	Bodacc C	Comptes annuels et rapports

59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 5448 - 466502242 RCS. CUSTOMAGIC EUROPE. Forme : Société par actions simplifiée. Adresse : 4 rue Anatole France 59250 Halluin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
26/03/2009	Bodacc C	Comptes annuels et rapports

59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 6469 - 466502242 RCS. CUSTOMAGIC EUROPE. Forme : Société par actions simplifiée. Adresse : 4 rue Anatole France 59250 Halluin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
30/06/2008	Bodacc C	Comptes annuels et rapports

59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 4887 - 466502242 RCS. CUSTOMAGIC EUROPE. Forme : Société par actions simplifiée. Adresse : 4 rue Anatole France 59250 Halluin. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
19/07/2007	Bodacc B	Modifications et mutations diverses

1651 - RCS Roubaix-Tourcoing B 466 502 242. RC 93-B 47. CUSTOMAGIC EUROPE. Forme : S.A.S. Capital : 713 000 euros. Adresse du siège social : 4 rue Anatole-France,, 59250 Administration : nouveau président : MULLIEZ (Alexis). Commissaire aux comptes titulaire : ERNST & YOUNG. Commissaire aux comptes suppléant : AUDITEX. Ancien président : BONDUES (Francis). Etablissement principal - Activité : fabrication et vente de tous produits textiles. Adresse : 4 rue Anatole-France, 59250 Date d'effet : 10 avril 2007.
18/11/2006	Bodacc C	Avis de dépôt des comptes

3752 - RCS Roubaix-Tourcoing B 466 502 242. RC 93-B 47. CUSTOMAGIC EUROPE. Forme: SAS . Adresse du siège social: 4, rue Anatole France,59250 Halluin. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
17/03/2006	Bodacc C	Avis de dépôt des comptes

3533 - RCS Roubaix-Tourcoing B 466 502 242. RC 93-B 47. CUSTOMAGIC EUROPE. Forme: SAS . Adresse du siège social: 4, rue Anatole France,59250 Halluin. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
10/08/2005	Bodacc B	Modifications et mutations diverses

1101 - RCS Roubaix-Tourcoing B 466 502 242. RC 93-B 47. CUSTOMAGIC EUROPE. Forme : S.A.S. Capital : 713 000 euros. Adresse du siège social : 4 rue Anatole-France,, 59250 Administration : président : BONDUE (Francis). Commissaire aux comptes titulaire : ERNST & YOUNG. Commissaire aux comptes suppléant : AUDITEX. Ancienne administration : ancien commissaire aux comptes suppléant : Mme DEGRAVE (Fabienne). Ancien commissaire aux comptes titulaire : ERNST & YOUNG AUDIT. Ancien président du conseil d'administration : BONDUE (Francis). Anciens administrateurs : BONDUE (Francis) MULLIEZ (Alexis) POUTIERS (Aymeric). Etablissement principal - Activité : fabrication et vente de tous produits textiles. Adresse : 4 rue Anatole-France, 59250 Commentaires : ancienne forme juridique : S.A. à conseil d'administration. Date d'effet : 23 juin 2005.
06/10/2004	Bodacc B	Modifications et mutations diverses

RCS Roubaix-Tourcoing B 466502242 RC 93- B 47 CUSTOMAGIC EUROPE. Forme : S.A. à conseil d'administration. Capital : 713 000 euros. Adresse du siège social : 4 rue Anatole-France, 59250 Halluin. Administration : P.-D.G. : BONDUE ( Francis). Administrateurs : BONDUE ( Francis) MULLIEZ (Alexis) POUTIERS ( Aymeric). Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT. Commissaire aux comptes suppléant : M m e DEGRAVE (Fabienne). Ancienne administration : ancien administrateur BOURGOIS (Pierre) Etablissement principal: Activité : fabrication et vente de tous produits textiles. Adresse : 4 rue Anatole-France, 59250 Halluin. Date d'effet : 21 juin 2004.
02/04/2004	Bodacc B	Modifications et mutations diverses

Ancienne situation du siège social. RCS Roubaix-Tourcoing B 466502242 RC 93-B 47 CUSTOMAGIC EUROPE. Forme : S.A. à conseil d'administration. Capital : 1 988 178 euros. Adresse : 4 rue Anatole-France, 59250 Halluin Nouvelle situation du siège social. Capital : 713 000 euros Etablissement principal: Activité : fabrication et vente de tous produits textiles. Adresse : 4 rue Anatole-France, 59250 Halluin. Date d'effet : 30 décembre 2003.
29/01/2003	Bodacc B	Modifications et mutations diverses

Ancienne situation du siège social. RCS Roubaix-Tourcoing B 466502242 RC 93-B 47 CUSTOMAGIC EUROPE. Forme : S.A. à conseil d'administration. Capital : 1 988 179,10 euros. Adresse : 4 rue Anatole- France, 59250 Halluin. Administration : P. -D.G. : BONDUE (Francis), ancien président du conseil d'administration. Administrateurs : BONDUE (Francis) BOURGOIS (Pierre) POUTIERS (Aymeric). Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT. Commissaire aux comptes suppléant : M m e DEGRAVE ( Fabienne) Nouvelle situation du siège social. Capital : 1 988 178 euros Etablissement principal: Activité : fabrication et vente de tous produits textiles. Adresse : 4 rue Anatole-France, 59250 Halluin. Date d'effet : 14 juin 2002.
28/09/2000	Bodacc B	Modifications et mutations diverses

RCS Roubaix-Tourcoing B 466502242 RC 93- B 47 CUSTOMAGIC EUROPE. Forme : S.A. à conseil d'administration. Capital : 13 041 600 F. Adresse du siège social : 4 rue Anatole-France, 59250 Halluin. Administration : président du conseil d' administration : BONDUE (Francis). Administrateurs : BONDUE (Francis) BOURGOIS (Pierre) POUTIERS (Aymeric). Commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppléant : Mme DEGRAVE ( Fabienne). Ancien administrateur : BADIER (Fabienne). Ancien commissaire aux comptes titulaire : CABINET BARBIER FRINAULT ET AUTRES. Ancien commissaire aux comptes suppléant : PROGLIO (René) Etablissement principal: Activité : fabrication et vente de tous produits textiles. Adresse : 4 rue Anatole-France, 59250 Halluin. Date d'effet : 29 juin 2000.
06/04/2000	Bodacc B	Modifications et mutations diverses

o. RCS Roubaix-Tourcoing B 466 502 242 RC 1993-B 47 CUSTOMAGIC EUROPE. Forme : S. A. à conseil d'administration. Capital : 13 041 600 F. Adresse du siège social : 4, rue Anatole-France 59250 Halluin. Administration : président du conseil d' administration et administrateur : BONDUE (Francis) Administrateurs : BOURGOIS (Pierre) Mme BADIER, née CHAUVEL (Fabienne). Commissaire aux comptes titulaire : CABINET BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : PROGLIO (René). Ancien président du conseil d' administration et ancien administrateur RIVIERE (François, Marie, Jacques). Anciens administrateurs : CHAUVEL ( Fabienne) V.E.V. TOMASELLA (Rina) Etablissement principal: Activité : fabrication et vente de tous produits textiles. Adresse : 4, rue Anatole-France 59250 Halluin. Date d'effet : 24 février 2000 Date de début d'activité: 1er janvier 1993.
23/07/1999	Bodacc B	Modifications et mutations diverses

o. RCS Roubaix-Tourcoing B 466 502 242 RC 93-B 47 CUSTOMAGIC EUROPE. Forme : S.A. à conseil d'administration. Capital : 13 041 600 F. Adresse du siège social : 4, rue Anatole-France 59250 Halluin. Commentaires : ancien capital : 19 874 100 F Etablissement principal: Activité : fabrication et vente de tous produits textiles. Adresse : 4, rue Anatole-France 59250 Halluin. Date d'effet : 26 mai 1999 Date de début d'activité: 1er janvier 1993.
23/07/1998	Bodacc B	Modifications et mutations diverses

RCS o. RCS Roubaix-Tourcoing B 466 502 242 RC RC 93-B 47 CUSTOMAGIC EUROPE. Forme : S.A. à conseil d'administration. Capital : 19 874 100 F. Adresse du siège social : 4, rue Anatole-France 59250 Halluin. Administration : président du conseil d'administration et administrateur : RIVIERE (François, Marie, Jacques) Directeur général et administrateur : Mme BADIER, née CHAUVEL (Fabienne). Administrateurs : V. E.V. Mme VALEMBOIS, née TOMASELLA ( Rina). Commissaire aux comptes titulaire : CABINET BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : PROGLIO (René). Ancien administrateur : V.E.V. SERVICES Etablissement principal: Activité : fabrication et vente de tous produits textiles. Adresse : 4, rue Anatole-France 59250 Halluin Date de début d'activité: 1er janvier 1993. Date d'effet : 27 mai 1998.
16/01/1998	Bodacc B	Modifications et mutations diverses

RCS o. RCS Roubaix-Tourcoing B 466 502 242 RC RC 93-B 47 CUSTOMAGIC EUROPE. Forme : S.A. à conseil d'administration. Capital : 19 874 100 F. Adresse du siège social : 4, rue Anatole-France 59250 Halluin. Administration : président du conseil d'administration : RIVIERE ( François, Marie, Jacques) Directeur général : Mme BADIER, née CHAUVEL ( Fabienne). Administrateurs : V.E.V. RIVIERE (François, Marie, Jacques) V. E.V. SERVICES Mme BADIER, née CHAUVEL (Fabienne). Commissaire aux comptes titulaire : CABINET BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : PROGLIO (René). Ancien président du conseil d'administration : BARBERIS (Pierre), ancien administrateur Etablissement principal: Activité : fabrication et vente de tous produits textiles. Adresse : 4, rue Anatole-France 59250 Halluin Date de début d'activité: 1er janvier 1993. Date d'effet : 17 décembre 1997.
27/04/1997	Bodacc B	Modifications et mutations diverses

RCS Roubaix-Tourcoing B 466 502 242 RC 93-B 47 CUSTOMAGIC EUROPE. Forme : S.A. à conseil d'administration. Capital : 19 874 100 F. Adresse du siège social : 4 rue Anatole-France 59250 Halluin. Administration : président du conseil d' administration : BARBERIS (Pierre). Directeur général et administrateur : RIVIERE (François, Marie, Jacques). Administrateurs : V.E.V. BARBERIS ( Pierre). Commissaire aux comptes titulaire : CABINET BARBIER FRINAULT ET AUTRES. Commissaire aux comptes suppléant : PROGLIO (René). Changement de représentant permanent de V.E.V. SERVICES. Ancien : DE WAEGENEIRE ( Bertrand). Nouveau : TOMASELLA (Rina) Etablissement principal: Activité : fabrication et vente de tous produits textiles. Adresse : 4 rue Anatole-France 59250 Halluin. Date d'effet : 3 mars 1997.
02/06/1996	Bodacc B	Modifications et mutations diverses

Ancienne situation du siège social. RCS Roubaix-Tourcoing B 466 502 242 RC 93-B 47 CUSTOMAGIC EUROPE. Forme : S.A. Capital : 43 420 600 F. Adresse : 4 rue Anatole- France 59250 Halluin Nouvelle situation du siège social. Capital : 19 874 100 F Etablissement principal: Activité : fabrication et vente de tous produits textiles. Adresse : 4 rue Anatole-France 59250 Halluin. Date d'effet : 9 avril 1995.
29/02/1996	Bodacc B	Modifications et mutations diverses

RCS o. RCS Roubaix-Tourcoing B 466 502 242 RC RC 93-B 47 CUSTOMAGIC EUROPE. Forme : S.A. à conseil d'administration. Capital : 43 420 600 F. Adresse du siège social : 4, rue Anatole-France 59250 Halluin. Administration : président du conseil d'administration : BARBERIS ( Pierre) Directeur général administrateur : RIVIERE (François, Marie, Jacques). Administrateurs : V.E. V. V.E.V. SERVICES BARBERIS (Pierre) . Commissaire aux comptes titulaire : CABINET BARBIER, FRINAULT ET AUTRES. Commissaire aux comptes suppléant : PROGLIO (René). Ancien président du conseil d'administration : DUQUESNE ( Pascal) Etablissement principal: Activité : produits textiles, fabrication et vente de tous produits textiles. Adresse : 4, rue Anatole-France 59250 Halluin Date de début d'activité: 1er janvier 1993. Date d'effet : 15 janvier 1996.

Company events history

Date	Description
02/11/2011	Legal Gazette: Appointment of the social representative
25/10/2011	Bodacc C : Deposit accounts notice
15/10/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
24/10/2010	Bodacc B: Various editing or changing
13/10/2010	Minutes of general meeting of shareholders
13/10/2010	Updated articles of association
13/10/2010	Registered office transferred inside jurisdiction of the Commercial Court
02/10/2010	Transfer of Establishment
02/10/2010	Update of Company Workforce
01/10/2010	Update of Company Head Office Identifier
01/10/2010	Transfer of Establishment
24/09/2010	Legal Gazette: Head Office Transfer
03/06/2010	Bodacc C : Deposit accounts notice
26/02/2010	Collection of preferential rights activated for this company
26/03/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
30/06/2008	Bodacc C : Deposit accounts notice
01/03/2008	Formation of Establishment
31/12/2007	New accounts available
27/06/2007	Appointment/resignation of company officers
27/06/2007	PV d'Assemblée
27/06/2007	Minutes of general meeting of shareholders
27/06/2007	Changement de Président (PDG, PCA)
27/06/2007	Private document
31/12/2006	New accounts available
31/12/2005	New accounts available
27/07/2005	New legal form – no new category
27/07/2005	Private document
27/07/2005	Appointment/resignation of company officers
27/07/2005	PV d'Assemblée
27/07/2005	Minutes of general meeting of shareholders
27/07/2005	Statuts mis à jour
27/07/2005	Updated articles of association
27/07/2005	Changement de Commissaire aux Comptes
27/07/2005	Audit or Management Report
31/12/2004	New accounts available
23/09/2004	Appointment/resignation of company officers
23/09/2004	Modification du Conseil d'Administration
23/09/2004	Private document
23/09/2004	Acte sous seing privé
23/09/2004	Minutes of general meeting of shareholders
23/09/2004	PV d'Assemblée
23/09/2004	Nomination/démission des organes de gestion
23/09/2004	Changes to the Board of Directors
19/03/2004	Augmentation de Capital
19/03/2004	PV d'Assemblée
19/03/2004	Acte sous seing privé
19/03/2004	Statuts mis à jour
19/03/2004	Rapport des Commissaires ou du Gérant
19/03/2004	Réduction de Capital
31/12/2003	New accounts available
16/01/2003	Acte sous seing privé
16/01/2003	Conversion du Capital Social en Euros
16/01/2003	Statuts mis à jour
16/01/2003	PV du Conseil d'Administration
16/01/2003	PV d'Assemblée
13/09/2000	PV d'Assemblée
13/09/2000	Changement de Commissaire aux Comptes
13/09/2000	Acte sous seing privé
13/09/2000	Continuation malgré perte supérieure à la moitié du capital
13/09/2000	Nomination/démission des organes de gestion
13/09/2000	Modification du Conseil d'Administration
22/03/2000	Modification du Conseil d'Administration
22/03/2000	PV du Conseil d'Administration
22/03/2000	Acte sous seing privé
22/03/2000	Changement de Président (PDG, PCA)
08/07/1999	Statuts mis à jour
08/07/1999	Acte sous seing privé
08/07/1999	Reconstitution de l'Actif Net
08/07/1999	Réduction de Capital
08/07/1999	Augmentation de Capital
08/07/1999	PV d'Assemblée
09/07/1998	Modification du Conseil d'Administration
09/07/1998	Acte sous seing privé
09/07/1998	PV d'Assemblée
09/07/1998	Nomination/démission des organes de gestion
30/12/1997	Acte sous seing privé
30/12/1997	PV du Conseil d'Administration
30/12/1997	Modification du Conseil d'Administration
30/12/1997	Changement de Président (PDG, PCA)
30/12/1997	Nomination/démission des organes de gestion
23/10/1997	Acte sous seing privé
23/10/1997	PV d'Assemblée
23/10/1997	Continuation malgré perte supérieure à la moitié du capital
11/04/1997	Acte sous seing privé
11/04/1997	Nomination/démission des organes de gestion
11/04/1997	PV du Conseil d'Administration
20/05/1996	PV d'Assemblée
20/05/1996	Réduction de Capital
20/05/1996	Statuts mis à jour
20/05/1996	Augmentation de Capital
14/02/1996	Nomination/démission des organes de gestion
14/02/1996	Changement de Président (PDG, PCA)
14/02/1996	Modification du Conseil d'Administration
14/02/1996	PV du Conseil d'Administration
26/10/1994	PV d'Assemblée
26/10/1994	Continuation malgré perte supérieure à la moitié du capital
25/10/1994	Acte sous seing privé
25/10/1994	Acte modificatif
16/09/1993	Changement de Commissaire aux Comptes
16/09/1993	PV d'Assemblée
20/01/1993	Statuts mis à jour
20/01/1993	Immatriculation suite à transfert
20/01/1993	Déclaration de conformité
20/01/1993	PV d'Assemblée
20/01/1993	Transfert du Siège dans le ressort du Tribunal de Commerce
22/12/1992	Transfert du Siège hors du ressort du Tribunal de Commerce
22/12/1992	PV d'Assemblée
22/12/1992	Transfert du Siège dans le ressort du Tribunal de Commerce
25/11/1992	Réduction de Capital
25/11/1992	Augmentation de Capital
25/11/1992	Fusion
25/11/1992	Projet de Fusion
25/11/1992	Statuts mis à jour
25/11/1992	PV du Conseil d'Administration
25/11/1992	PV d'Assemblée
25/11/1992	Déclaration de conformité
25/11/1992	Acte sous seing privé
25/11/1992	Reconstitution de l'Actif Net
25/11/1992	Continuation malgré perte supérieure à la moitié du capital
24/09/1992	Modification du Conseil d'Administration
24/09/1992	PV du Conseil d'Administration
24/09/1992	Changement de Président (PDG, PCA)
24/09/1992	Nomination/démission des organes de gestion
22/09/1992	Rapport des Commissaires ou du Gérant
22/09/1992	Acte modificatif
05/03/1992	Nomination/démission des organes de gestion
05/03/1992	Modification du Conseil d'Administration
05/03/1992	Reconstitution de l'Actif Net
05/03/1992	PV d'Assemblée
05/03/1992	Changement de Président (PDG, PCA)
05/03/1992	PV du Conseil d'Administration
21/01/1992	Nomination/démission des organes de gestion
21/01/1992	Statuts mis à jour
21/01/1992	PV du Conseil d'Administration
21/01/1992	Modification du Conseil d'Administration
21/01/1992	Augmentation de Capital
21/01/1992	Réduction de Capital
21/01/1992	PV d'Assemblée
21/01/1992	Déclaration de conformité

Establishment events history
Date	Description
15/10/2011	Update Limit
15/10/2011	Update Rating
11/08/2011	Update Rating
02/10/2010	Closure of Establishment (before transfer)
02/10/2010	Update of Establishment Workforce
01/10/2010	Modification of Head office (after transfer)
01/10/2010	Update of Establishment Activity
01/03/2008	Formation of Establishment

References

		31/12/2010		31/12/2008		31/12/2007
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

			31/12/2010		31/12/2008		31/12/2007
	Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2010		31/12/2008		31/12/2007
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	392 600	0%	0	0%	0

Other charges Externes

		31/12/2010		31/12/2008		31/12/2007
Subcontracting	YT	784 816	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	132 651	0%	0	0%	0
Staff outside the company	YU	41 636	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	299 708	0%	0	0%	0
Fees, commissions and brokerage	YV	9 006	0%	0	0%	0
Other accounts	ST	1 583 526	0%	0	0%	0
Total Other purchases and external	ZJ	2 851 343	0%	0	0%	0

Taxes and Fees

		31/12/2010		31/12/2008		31/12/2007
Business tax	YW	4 413	0%	0	0%	0
Other taxes and payments assimilated	9Z	158 704	0%	0	0%	0
Total taxes and fees	YX	163 117	0%	0	0%	0

VAT

		31/12/2010		31/12/2008		31/12/2007
Amount VAT collected	YY	1 745 111	0%	0	0%	0
Total VAT on goods and services	YZ	1 587 562	0%	0	0%	0

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.23
UK Pound	1	Rs.80.84
Euro	1	Rs.66.79

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.

REGISTERED NAME & COMPANY SUMMARY

CREDIT RECOMENDATION

DIRECTORS/MANAGEMENT

NEGATIVE INFORMATION

SHARE & SHARE CAPITAL INFORMATION

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

FINANCIAL INFORMATION

accounts

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

NOTES & COMMENTS

Unit