MIRA INFORM REPORT

Report Date :

21.01.2012

IDENTIFICATION DETAILS

Name :	LAPRO ENVIRONNEMENT

Registered Office :	15 Rue Jean Monnet, 95190 Goussainville

Country :	France

Financials (as on) :	30.09.2010

Date of Incorporation :	January 1996

Com. Reg. No.:	RCS Pontoise 0 403 419 211

Legal Form :	Public limited company with board of directors

Line of Business :	Wholesale business supplies and industrial equipment

No. of Employees :	19

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 :	150,000 €

Status :	Good

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – 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

LAPRO ENVIRONNEMENT

Company Summary

Activity (APE)	Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B) (Wholesale (business to business) supplies and industrial equipment (4669B))	Legal form	Public limited company with board of directors
Phone	01 30 18 11 11	RCS Registration	RCS Pontoise 0 403 419 211
Fax		Share capital	40,000 Euros
Address	LAPRO ENVIRONNEMENT 15 RUE JEAN MONNET 95190 GOUSSAINVILLE	Incorporated Date	01/1996
Nationality	France	Status	Economically active

company details

	Activity (APE)	Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)
	RCS Registration	RCS Pontoise 0 403 419 211	Share capital	40,000 Euros
	Registration Court	Pontoise (78)	Legal form	Public limited company with board of directors
	Court Registry Number	20 0 9B015	EU VAT Number	FR91403419211
	Incorporation Date	01/1996	Formation Date	01/1996
	Deregistration Date		Last account Date	30/09/2010
	Nationality	France
Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)	Business Pages FT®
Postal Address	LAPRO ENVIRONNEMENT 15 RUE JEAN MONNET 95190 GOUSSAINVILLE	Trading Address	15 RUE JEAN MONNET 95190 GOUSSAINVILLE
Telephone	01 30 18 11 11
Fax

CREDIT RECOMENDATION

Current Credit Limit: 150,000 €

DIRECTORS/MANAGEMENT

Current Directors

Directors

	Name		M. LAMBREGHTS YVES
	Manager position		Administrateur		Date of birth		15/10/1962
	Place of birth		WILRIJK(BELGIQUE)
	Type of manager		Individual		Name at birth of manager
	Name		Mme. DIELS SABINE JULIA
	Manager position		Administrateur		Date of birth		08/08/1962
	Place of birth		LIER(BELGIQUE)
	Type of manager		Individual		Name at birth of manager
Name		M. LAMBREGHTS PATRICK
Manager position		Président du conseil d'administration, Directeur général		Date of birth		07/10/1959
Place of birth		MORTSEL(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 du conseil d'administration	M PATRICK LAMBREGHTS
Président du conseil d'administration	M PATRICK LAMBREGHTS
Directeur général	M PATRICK LAMBREGHTS
Directeur général	M PATRICK LAMBREGHTS
Administrateur	M LAMBREGHTS
Administrateur	M STEFAAN LAMBREGHTS
Administrateur	M STEFAAN LAMBREGHTS
Administrateur	M YVES LAMBREGHTS
Administrateur	M YVES LAMBREGHTS

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	21/01/2009	Monitored stopped since	21/01/2010
Status of Monitoring	No social security and tax office preferential right to date

SHARE & SHARE CAPITAL INFORMATION

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Safe Number	Company number	Click here to view the affiliation links
	SABINE DIELS	-	-

Group data

Ultimate parent company SABINE DIELS

Direct parent SABINE DIELS - Min de blocage

Group – Number of companies 2

Linkages – Number of companies -

Number of countries -

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SABINE DIELS

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Raison sociale Safe Number SIREN Parts Score Limite Derniers

Comptes publiés

SABINE DIELS - - - - - -

LAPRO ENVIRONNEMENT FR04026567 403419211 Min de blocage 99 150 000 € 30/09/2010

Type of shareholder

Shareholders

Ultimate parent company SABINE DIELS

Direct parent SABINE DIELS - Min de blocage

Group – Number of companies 2

Number of companies -

Number of countries -

FINANCIAL INFORMATION

Trading to Date	09/30/2010		09/30/2009		09/30/2008
	Turnover		5,714,374 €		4,823,266 €		4,610,335 €
		Gross Operating Surplus		16,31 % Turnover		11,86 % Turnover		10,08 % Turnover
		Net worth		1,306,619 €		886,706 €		781,612 €
		Employees		10 to 19 employees		-		-

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/09/2010	30/09/2009	30/09/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	18/05/2011	01/07/2010	-
Activity Code	4669B	4669B	4669B
Employees	14	13	13

Active account

Annual Accounts	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	1 807 456	7,2%	1 686 374	516,3%	273 646	29 425,50	6042,5%
- Intangible assets	4 454	-0,1%	4 459	-37,9%	7 184	0	0%
- Tangible assets	1 713 059	5,5%	1 622 995	788,7%	182 616	12 494	13611,1%
- Financial assets	89 943	52,7%	58 920	-29,7%	83 846	1 869	4712,4%
Net current assets	2 497 679	59,9%	1 561 755	-1,4%	1 583 638	411 520	506,9%
- Stocks	966 325	29,5%	745 920	1,2%	737 208	49 376,50	1857,1%
- Advanced payments	0	59,9%	0	0%	0	0	0%
- Receivables	1 365 377	70,1%	802 575	-5,2%	846 319	199 263,50	585,2%
- Securities and cash	165 977	1151,7%	13 260	11845,9%	111	61 982	167,8%
- Prepaid expenses	-	-	-	-	-	319,50	-
Accounts of regularization	1 806	-16,7%	2 167	1817,7%	113	0	0%
Total Assets	4 306 941	32,5%	3 250 293	75,0%	1 857 397	481 140,50	795,2%

Passive Account

Annual Accounts	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Shareholders' equity	1 306 619	47,4%	886 706	13,4%	781 612	157 308,50	730,6%
Share capital	40 000	0%	40 000	0%	40 000	37 000	8,1%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1 806	-16,7%	2 167	1817,7%	113	0	0%
Liabilities	2 997 158	26,9%	2 361 421	119,6%	1 075 571	270 090	1009,7%
- Financial liabilities	1 562 754	-0,2%	1 566 159	1055,7%	135 516	20 002,50	7712,8%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	623 738	42,5%	437 662	-22,0%	560 883	109 810,50	468,0%
- Tax and social liabilities	757 232	145,7%	308 195	-3,2%	318 344	71 948,50	952,5%
- Other debts and fixed assets liabilities	54 791	10,9%	49 405	-18,9%	60 927	4 201,50	1204,1%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	4 306 941	32,5%	3 250 293	75,0%	1 857 397	481 140,50	795,2%

Results

Annual Accounts	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Sales of Goods	5 862 857	17,3%	4 996 096	5,5%	4 737 365	832 058	604,6%
Net turnover	5 714 374	18,5%	4 823 266	4,6%	4 610 335	815 039	601,1%
- of which net export turnover	129 197	-9,7%	143 018	13,9%	125 534	0	0%
Operating charges	5 176 852	10,2%	4 699 696	4,7%	4 490 307	791 714	553,9%
Operating profit/loss	686 005	131,4%	296 400	20,0%	247 058	23 780	2784,8%
Financial income	12 078	-50,0%	24 176	53,5%	15 754	163	7309,8%
Financial charges	86 777	20,0%	72 302	545,3%	11 204	1 703,50	4994,0%
Financial profit/loss	-74 699	-55,2%	-48 126	-1157,7%	4 550	-366	-20309,6%
Pretax net operating income	611 306	146,2%	248 274	-1,3%	251 608	21 499,50	2743,3%
Extraordinary income	20 404	-29,2%	28 802	105,5%	14 017	311	6460,8%
Extraordinary charges	27 005	-80,1%	135 373	1476,9%	8 585	329,50	8095,8%
Extraordinary profit/loss	-6 601	489,7%	-106 571	-2061,9%	5 432	0	0%
Net result	415 285	309,5%	101 419	-43,1%	178 287	19 933	1983,4%

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		30/09/2010		30/09/2009		30/09/2008
	Months		12		12		12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		30/09/2010		30/09/2009		30/09/2008
Grand Total (I to VI)	Net	4 306 941	32,5%	3 250 293	75,0%	1 857 397
Gross	CO	5 241 905	32,4%	3 959 657	69,3%	2 338 233
Amortisation	1A	934 964	31,8%	709 363	47,5%	480 838

Non declared distributed capital (I)

		30/09/2010		30/09/2009		30/09/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

		30/09/2010		30/09/2009		30/09/2008
Total Active fixed asset (II)	Net	1 807 456	7,2%	1 686 374	516,3%	273 646
Gross	BJ	2 302 691	14,4%	2 013 101	321,0%	478 192
Amortisation	BK	495 235	51,6%	326 727	59,7%	204 546

Intangilble fixed assets

			30/09/2010		30/09/2009		30/09/2008
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	4 454	-0,1%	4 459	-37,9%	7 184
	Gross	AF	19 963	23,3%	16 195	-2,4%	16 601
	Amortisation	AG	15 509	32,1%	11 736	24,6%	9 417
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	4 454	-0,1%	4 459	-37,9%	7 184

Tangilble fixed assets

		30/09/2010		30/09/2009		30/09/2008
Lands	Net	90 000	0%	90 000	0%	0
Gross	AN	90 000	0%	90 000	0%	0
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	1 306 685	0,6%	1 298 288	0%	0
Gross	AP	1 479 761	7,9%	1 370 785	0%	0
Amortisation	AQ	173 076	138,7%	72 497	0%	0
Plant	Net	270 187	39,9%	193 069	54,5%	124 935
Gross	AR	502 434	36,5%	367 952	42,9%	257 458
Amortisation	AS	232 247	32,8%	174 883	32,0%	132 523
Other tangible fixed assets	Net	46 187	10,9%	41 638	-27,8%	57 681
Gross	AT	120 590	10,4%	109 249	-9,2%	120 287
Amortisation	AU	74 403	10,0%	67 611	8,0%	62 606
Fixed assets in construction	Net	0	0%	0	0%	0
Gross	AV	0	0%	0	0%	0
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	0
Gross	AX	0	0%	0	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	1 713 059		1 622 995		182 616

Financial assets

		30/09/2010		30/09/2009		30/09/2008
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	0	0%	0	0%	0
Gross	CU	0	0%	0	0%	0
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	0	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	500	0%	0
Gross	BF	0	0%	500	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	89 943	54,0%	58 420	-30,3%	83 846
Gross	BH	89 943	54,0%	58 420	-30,3%	83 846
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		89 943		58 920		83 846

Current Assets (III)

		30/09/2010		30/09/2009		30/09/2008
Total Assets	Net	2 497 679	59,9%	1 561 755	-1,4%	1 583 638
Gross	CJ	2 937 408	51,1%	1 944 391	4,5%	1 859 930
Amortisation	CK	439 729	14,9%	382 636	38,5%	276 292

Stocks

		30/09/2010		30/09/2009		30/09/2008
Raw materials	Net	0	0%	0	0%	0
Gross	BL	0	0%	0	0%	0
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	0	0%	0	0%	0
Gross	BR	0	0%	0	0%	0
Amortisation	BS	0	0%	0	0%	0
Goods for resale	Net	966 325	29,5%	745 920	1,2%	737 208
Gross	BT	1 017 941	27,1%	801 153	1,6%	788 334
Amortisation	BU	51 616	-6,5%	55 233	8,0%	51 126
Sub Total Stocks	Net	966 325	29,5%	745 920	1,2%	737 208

Advance payments to suppliers

		30/09/2010		30/09/2009		30/09/2008
Advance payments to suppliers	Net	0	0%	0	0%	0
Gross	BV	0	0%	0	0%	0
Amortisation	BW	0	0%	0	0%	0

Debtors

		30/09/2010		30/09/2009		30/09/2008
Trade accounts receivable	Net	396 609	34,9%	293 903	-40,5%	494 072
Gross	BX	784 722	26,3%	621 306	-13,6%	719 238
Amortisation	BY	388 113	18,5%	327 403	45,4%	225 166
Other debtors	Net	927 676	135,1%	394 525	74,5%	226 029
Gross	BZ	927 676	135,1%	394 525	74,5%	226 029
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	1 324 285	92,4%	688 428	-4,4%	720 101

Divers

		30/09/2010		30/09/2009		30/09/2008
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	165 977	1151,7%	13 260	11845,9%	111
Gross	CF	165 977	1151,7%	13 260	11845,9%	111
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	165 977	1151,7%	13 260	11845,9%	111

Prepaid expenses

		30/09/2010		30/09/2009		30/09/2008
Prepaid expenses	Net	41 092	-64,0%	114 147	-9,6%	126 218
Gross	CH	41 092	-64,0%	114 147	-9,6%	126 218
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/09/2010		30/09/2009		30/09/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Currency differential gain	CN3	1 806	-16,7%	2 167	1817,7%	113
Gross		1 806	-16,7%	2 167	-	-

References

		30/09/2010		30/09/2009		30/09/2008
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			30/09/2010		30/09/2009		30/09/2008
	Grand Total (I to V)	EE	4 306 941	32,5%	3 250 293	75,0%	1 857 397

Shareholder Equity (I)

		30/09/2010		30/09/2009		30/09/2008
Total shareholders' equity (Total I)	DL	1 306 619	47,4%	886 706	13,4%	781 612
Equity and shareholders' equity	DA	40 000	0%	40 000	0%	40 000
Issue and merger premiums	DB	0	0%	0	0%	0
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	4 000	0%	4 000	0%	4 000
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	839 030	13,7%	737 612	31,9%	559 325
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	415 288	309,5%	101 419	-43,1%	178 287
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	8 301	125,9%	3 675	0%	0

Other capital resources (II)

		30/09/2010		30/09/2009		30/09/2008
Total other capital resources (Total II)	DO	0	0%	0	0%	0
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

		30/09/2010		30/09/2009		30/09/2008
Total provisions for risks and charges (Total III)	DR	1 806	-16,7%	2 167	1817,7%	113
Risk provisions	DP	1 806	-16,7%	2 167	1817,7%	113
Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		30/09/2010		30/09/2009		30/09/2008
Total Liabilities (Total IV)	EC	2 997 158	26,9%	2 361 421	119,6%	1 075 571
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	1 524 374	0,5%	1 517 099	2573,1%	56 755
Sundry loans and financial liabilities	DV	38 380	-21,8%	49 060	-37,7%	78 761
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	623 738	42,5%	437 662	-22,0%	560 883
Tax and social security liabilities	DY	757 232	145,7%	308 195	-3,2%	318 344
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	53 434	8,2%	49 405	-18,8%	60 826

Translation loss (V)

			30/09/2010		30/09/2009		30/09/2008
	Translation loss (Total V)	ED	1 357	0%	0	0%	101

Equalization accounts

			30/09/2010		30/09/2009		30/09/2008
	Deferred income	EB	0	0%	0	0%	0

References

		30/09/2010		30/09/2009		30/09/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			30/09/2010		30/09/2009		30/09/2008
	Operating result (Total I-II)	GG	686 005	131,4%	296 400	20,0%	247 058

2 - Financial result (V - VI)

			30/09/2010		30/09/2009		30/09/2008
	Financial result (Total V-VI)	GV	-74 699	-55,2%	-48 126	-1157,7%	4 550

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

			30/09/2010		30/09/2009		30/09/2008
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	611 306	146,2%	248 274	-1,3%	251 608

4 - Extraordinary result (VII-VIII)

			30/09/2010		30/09/2009		30/09/2008
	Extraordinary result (Total VII-VIII)	HI	-6 601	93,8%	-106 571	-2061,9%	5 432

Profit or loss

			30/09/2010		30/09/2009		30/09/2008
	Profit or loss	HN	415 285	309,5%	101 419	-43,1%	178 287

Total Income (I+III+V+VII)

			30/09/2010		30/09/2009		30/09/2008
	Total Income (I+III+V+VII)	HL	5 895 339	16,8%	5 049 074	5,9%	4 767 136

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

			30/09/2010		30/09/2009		30/09/2008
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	5 480 054	10,8%	4 947 654	7,8%	4 588 849

Operating income (I)

			30/09/2010		30/09/2009		30/09/2008
	Total operating income (Total I)	FR	5 862 857	17,3%	4 996 096	5,5%	4 737 365

Operating income (details)

		30/09/2010		30/09/2009		30/09/2008
Sale of goods for resale	FC	4 615 129	13,8%	4 055 674	1,8%	3 985 350
France	FA	4 485 932	14,7%	3 912 656	1,4%	3 859 816
Export	FB	129 197	-9,7%	143 018	13,9%	125 534
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	1 099 245	43,2%	767 592	22,8%	624 985
France	FG	1 099 245	43,2%	767 592	22,8%	624 985
Export	FH	0	0%	0	0%	0
Net turnover	FL	5 714 374	18,5%	4 823 266	4,6%	4 610 335
France	FJ	5 585 177	19,3%	4 680 248	4,4%	4 484 801
Export	FK	129 197	-9,7%	143 018	13,9%	125 534
Stocked production	FM	0	0%	7 282	0%	0
Self-constructed assets	FN	13 893	0%	0	0%	8 024
Operating grants	FO	0	0%	0	0%	284
Release of reserves and provisions	FP	134 577	-18,6%	165 423	39,4%	118 685
Other income	FQ	13	-89,6%	125	237,8%	37

Operating charges (II)

			30/09/2010		30/09/2009		30/09/2008
	Total operating charges (Total II)	GF	5 176 852	10,2%	4 699 696	4,7%	4 490 307

Exploitation charges

		30/09/2010		30/09/2009		30/09/2008
Purchase of goods for resale	FS	3 096 679	31,6%	2 352 485	-8,7%	2 578 054
Change in stocks of goods for resale	FT	-216 788	-1591,1%	-12 819	89,2%	-118 989
Purchase of raw materials	FU	8 503	34,0%	6 344	-33,0%	9 472
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	772 438	-27,4%	1 064 164	16,2%	915 933
Tax, duty and similar payments	FX	70 457	-42,8%	123 239	142,9%	50 736
Payroll	FY	755 050	48,7%	507 820	1,1%	502 540
Social security costs	FZ	310 136	42,6%	217 473	0,6%	216 157

Depreciation

		30/09/2010		30/09/2009		30/09/2008
Depreciation of fixed assets	GA	191 056	25,5%	152 288	125,5%	67 528
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	183 999	-32,3%	271 654	11,2%	244 285
Provisions for risks and charges	GD	1 806	-16,7%	2 167	1817,7%	113

Other charges

			30/09/2010		30/09/2009		30/09/2008
	Other charges	GE	3 516	-76,4%	14 881	-39,2%	24 478

Operating charges (III-IV)

		30/09/2010		30/09/2009		30/09/2008
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

		30/09/2010		30/09/2009		30/09/2008
Total financial income (Total V)	GP	12 078	-50,0%	24 176	53,5%	15 754
Share financial income	GJ	0	0%	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	7 711	51,5%	5 090	0%	0
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	4 367	-77,1%	19 086	21,2%	15 754
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		30/09/2010		30/09/2009		30/09/2008
Total financial charge (Total VI)	GU	86 777	20,0%	72 302	545,3%	11 204
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	73 620	20,9%	60 879	1027,2%	5 401
Exchange losses	GS	13 157	15,2%	11 423	96,8%	5 803
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

		30/09/2010		30/09/2009		30/09/2008
Total extraordinary income (Total VII)	HD	20 404	-29,2%	28 802	105,5%	14 017
Extraordinary operating income	HA	3 032	-84,1%	19 097	1609,7%	1 117
Extraordinary income from capital transactions	HB	17 372	79,0%	9 705	-24,8%	12 900
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		30/09/2010		30/09/2009		30/09/2008
Total extraordinary charges (Total VIII)	HH	27 005	-80,1%	135 373	1476,9%	8 585
Extraordinary operating charges	HE	821	-99,1%	94 122	7903,6%	1 176
Extraordinary charges from capital transactions	HF	21 558	-42,6%	37 576	407,2%	7 409
Extraordinary reserves and provisions	HG	4 626	25,9%	3 675	0%	0

Employee profit sharing (IX)

			30/09/2010		30/09/2009		30/09/2008
	Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

			30/09/2010		30/09/2009		30/09/2008
	Tax on profits (Total X)	HK	189 420	370,2%	40 283	-48,8%	78 753

References

		30/09/2010		30/09/2009		30/09/2008
Of which equipment leases	HP	5 624	-64,3%	15 732	-18,7%	19 342
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

		30/09/2010		30/09/2009		30/09/2008
Gross value at begin of period	OG	0	0%	0	0%	458 551
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	52 914
Decreasess by budget item transfer	OK1	0	0%	0	0%	0
Decreasess by transfers	OK2	0	0%	0	0%	31 655
Gross value at the end of period	OL	0	0%	0	0%	478 192

Research and development Charge (Total I)

		30/09/2010		30/09/2009		30/09/2008
Gross value at begin of period	CZ	0	0%	0	0%	0
Increasess due to revaluation	KB	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreasess by budget item transfer	C01	0	0%	0	0%	0
Decreasess by transfers	C02	0	0%	0	0%	0
Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

		30/09/2010		30/09/2009		30/09/2008
Gross value at begin of period	KD	0	0%	0	0%	18 409
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	2 325
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	0	0%	0	0%	4 134
Gross value at the end of period	LW	0	0%	0	0%	16 601

Tangible fixed assets (Total III)

		30/09/2010		30/09/2009		30/09/2008
Gross value at begin of period	LN	0	0%	0	0%	354 676
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	50 589
Decreasess by budget item transfer	NG1	0	0%	0	0%	0
Decreasess by transfers	NG2	0	0%	0	0%	27 521
Gross value at the end of period	NH	0	0%	0	0%	377 744

Fiancial assets (Total IV)

		30/09/2010		30/09/2009		30/09/2008
Gross value at begin of period	LQ	0	0%	0	0%	85 466
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	0
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%	0	0%	83 846

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

			30/09/2010		30/09/2009		30/09/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	161 263
Increases		0P	0	0%	0	0%	67 528
Decreasess		0Q	0	0%	0	0%	24 246
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	204 545

Research and development charge (Total I)

			30/09/2010		30/09/2009		30/09/2008
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			30/09/2010		30/09/2009		30/09/2008
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	10 174
Increases		PF	0	0%	0	0%	3 376
Decreasess		PG	0	0%	0	0%	4 134
	Decreasess by budget item transfer	PH	0	0%	0	0%	9 416

Total fixed assets amotisation (Total III)

			30/09/2010		30/09/2009		30/09/2008
	Reserve for depreciation value at begin of period	QU	0	0%	0	0%	151 089
Increases		QV	0	0%	0	0%	64 152
Decreases		QW	0	0%	0	0%	20 112
	Decreasess by budget item transfer	QX	0	0%	0	0%	195 129

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

			30/09/2010		30/09/2009		30/09/2008
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			30/09/2010		30/09/2009		30/09/2008
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			30/09/2010		30/09/2009		30/09/2008
	Value at begining of period	7C	388 478	40,5%	276 404	87,9%	147 098
Increases		UB	190 431	-31,4%	277 495	13,5%	244 398
Decreases		UC	129 072	-22,0%	165 422	43,7%	115 092
	Value at the end of period	UD	449 837	15,8%	388 477	40,5%	276 404

Includes Total allocations

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

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			30/09/2010		30/09/2009		30/09/2008
	Value at begining of period	3Z	3 675	0%	0	0%	0
Increases		TS	4 626	25,9%	3 675	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	8 301	125,9%	3 675	0%	0

Total risk and charge provisions (Total II)

			30/09/2010		30/09/2009		30/09/2008
	Value at begining of period	5Z	2 167	1817,7%	113	0%	0
Increases		TV	1 806	-16,7%	2 167	1817,7%	113
Decreases		TW	2 167	1817,7%	113	0%	0
	Value at the end of period	TX	1 806	-16,7%	2 167	1817,7%	113

Total Provision for depreciation (Total III)

			30/09/2010		30/09/2009		30/09/2008
	Value at begining of period	7B	382 636	38,5%	276 292	87,8%	147 098
Increases		TY	183 999	-32,3%	271 654	11,2%	244 285
Decreases		TZ	126 906	-23,2%	165 310	43,6%	115 092
	Value at the end of period	UA	439 729	14,9%	382 636	38,5%	276 291

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

		30/09/2010		30/09/2009		30/09/2008
Gross value	VT	1 843 433	55,1%	1 188 896	2,9%	1 155 331
1 year at most	VU	1 418 931	55,1%	914 663	3,3%	885 767
More than one year	VV	424 502	54,8%	274 233	1,7%	269 564

State of loans

		30/09/2010		30/09/2009		30/09/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	89 943	52,7%	58 920	-29,7%	83 846
Other financial assets (1 year at most)	UV	87 755	49,6%	58 665	-29,8%	83 591

Receivables statement of assets

		30/09/2010		30/09/2009		30/09/2008
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	784 722	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	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	756
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	32 302
Other taxes and payments assimilated	VN	0	0%	0	0%	191 005
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	927 676	0%	0	0%	1 966

Prepaid

			30/09/2010		30/09/2009		30/09/2008
	Prepaid	VS	41 092	-96,4%	1 129 977	795,3%	126 218

State Debt

			30/09/2010		30/09/2009		30/09/2008
	Total debt (gross)	VY	2 997 159	26,9%	2 361 421	119,6%	1 075 569
1 year at most		VZ2	1 685 519	67,7%	1 004 940	-5,5%	1 063 793
More than 1 year and 5 years at most		VZ3	593 513	13,7%	521 996	4332,0%	11 778
More than 5 years		VZ4	718 127	-13,9%	834 485	0%	0

Details

			30/09/2010		30/09/2009		30/09/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	1 524 374	0%	0	0%	0
1 year at most		VG2	212 734	0%	0	0%	0
More than 1 year and 5 years at most		VG3	593 513	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	1 517 099	2573,1%	56 755
1 year at most		VH2	0	0%	160 618	257,1%	44 978
More than 1 year and 5 years at most		VH3	0	0%	521 996	4332,0%	11 778
	Loans and various financial liabilities (gross)	8A1	38 380	-21,8%	49 060	-37,7%	78 761
1 year at most		8A2	38 380	-21,8%	49 060	-37,7%	78 761
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	623 738	42,5%	437 662	-22,0%	560 883
1 year at most		8B2	623 738	42,5%	437 662	-22,0%	560 883
More than 1 year and 5 years at most		8B3	623 738	42,5%	437 662	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	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	757 233	145,7%	308 195	-3,2%	318 345
1 year at most		8D2	757 233	145,7%	308 195	-3,2%	318 345
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	0	0%	0	0%	0
1 year at most		VW2	0	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	0	0%	0	0%	-01
1 year at most		VQ2	0	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	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	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	53 434	8,2%	49 405	-18,8%	60 826
1 year at most		8K2	53 434	8,2%	49 405	-18,8%	60 826
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

		30/09/2010		30/09/2009		30/09/2008
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

			30/09/2010		30/09/2009		30/09/2008
	Dividends	ZE	0	0%	0	0%	0

Commitments

		30/09/2010		30/09/2009		30/09/2008
Commitments leasing furniture	YQ	0	0%	4 330	-78,6%	20 220
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

		30/09/2010		30/09/2009		30/09/2008
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		30/09/2010		30/09/2009		30/09/2008
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		30/09/2010		30/09/2009		30/09/2008
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

			30/09/2010		30/09/2009		30/09/2008
	Average number of employees	YP	14	7,7%	13	0%	13

Groups and Shareholders

			30/09/2010		30/09/2009		30/09/2008
	Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Fixed Asset Financing	1,46	5,8%	1,38	-41,3%	2,35	3,09	-52,8%
Global Debt	189 days	7,4%	176 days	109,5%	84 days	108 days	75,0%
Working Capital Fund overall net	67 days	17,5%	57 days	14,0%	50 days	75 days	-10,7%
Financial independence	85,72%	46,7%	58,45%	-95,8%	1377,17%	802,98%	-89,3%
More ratios
Solvability	30,34%	11,2%	27,28%	-35,2%	42,08%	39,47%	-23,1%
Capacity debt futures	93,35%	-83,1%	552,06%	-68,2%	1737,77%	2037,69%	-95,4%
Coverage of current assets by net working capital overall	36,73%	-12,5%	42%	13,1%	37,12%	44,15%	-16,8%
General Liquidity	0,84	-7,7%	0,91	9,6%	0,83	0,88	-4,5%
Restricted Liquidity	0,94	2,2%	0,92	10,8%	0,83	1,30	-27,7%

Management or rotation

	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Need background in operating working capital	54 days	12,5%	48 days	20,0%	40 days	34 days	58,8%
Treasury	10 days	900%	1 days	0%	0 days	19 days	-47,4%
Inventory turnover of goods	127 days	3,3%	123 days	7,0%	115 days	52 days	144,2%
Average length of credit granted to customers	49 days	6,5%	46 days	-17,9%	56 days	73 days	-32,9%
Average length of credit obtained suppliers	61 days	32,6%	46 days	-23,3%	60 days	66 days	-7,6%
More ratios
Inventory turnover of raw materials in industrial enterprises	0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	1131 days	-
Rotation tangible assets	%	-	%	-	1220,49%	1567,12%	-

Profitability of the business

	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Margin trading	30,37%	-14,6%	35,58%	7,5%	33,11	27,16%	11,8%
Profitability of the business	16,31	37,5%	11,86	17,7%	10,08	4,24%	284,7%
Net profit	7,27%	246,2%	2,10%	-45,7%	3,87%	2,60%	179,6%
More ratios
Growth rate of turnover (excluding VAT)	18,48%	300%	4,62%	-82,2%	25,98%	2,48%	645,2%
Rates integration	36,18%	22,9%	29,45%	10,1%	26,76%	25%	44,7%
Rate leasing furniture	0,10%	-69,7%	0,33%	-21,4%	0,42%	0%	0%
Work Factor	51,52%	0,9%	51,06%	-12,3%	58,25%	73,33%	-29,7%
Weight interests	1,52	1,3%	1,50%	525,0%	0,24%	0,20%	660,0%

Return on capital

	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Cash flow from the overall profitability	10,77%	82,2%	5,91%	13,4%	5,21%	3,24%	232,4%
Rates of economic profitability	32%	39,1%	23%	-54,9%	51%	16%	100%
Financial profitability	1306619%	47,4%	886706%	13,4%	781612%	143615%	809,8%
Return on investment	17,50%	147,2%	7,08%	-65,7%	20,66%	11,63%	50,5%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Turnover	5 714 374	18,5%	4 823 266	4,6%	4 610 335	815 039 €	601,1%

Sales of goods	4 615 129	13,8%	4 055 674	1,8%	3 985 350
- Purchase of goods	3 096 679	31,6%	2 352 485	-8,7%	2 578 054
+/- Stock of goods variation	-216 788	-1591,1%	-12 819	89,2%	-118 989
Trading margin	1 735 238 €	1,1%	1 716 008 €	12,4%	1 526 285 €	174 946 €	891,9%
	30,37 % CA	-14,6%	35,58 % CA	7,5%	33,11 % CA	27,94 % CA	8,7%

Sale of goods produced	1 099 245	43,2%	767 592	22,8%	624 985
+/- Stocked production	0	0%	7 282	0%	0
+ Self-constructed assets	13 893	0%	0	0%	8 024
Period production	1 113 138 €	43,7%	774 874 €	22,4%	633 009 €	66 546,50 €	1572,7%
	19,48 % CA	21,2%	16,07 % CA	17,0%	13,73 % CA	9,51 % CA	104,8%

Trading margin	1 735 238	1,1%	1 716 008	12,4%	1 526 285	174 946	891,9%
+ Period Production	1 113 138	43,7%	774 874	22,4%	633 009	66 546,50	1572,7%
- Purchase of raw materials	8 503	34,0%	6 344	-33,0%	9 472
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	772 438	-27,4%	1 064 164	16,2%	915 933
Added value	2 067 435 €	45,6%	1 420 374 €	15,1%	1 233 889 €	206 385,50 €	901,7%
	36,18 % CA	22,9%	29,45 % CA	10,1%	26,76 % CA	25 % CA	44,7%

Added value	2 067 435 €	45,6%	1 420 374 €	15,1%	1 233 889 €	206 385,50 €	901,7%
+ Operating grants	0	0%	0	0%	284
- Tax, duty and similar payments	70 457	-42,8%	123 239	142,9%	50 736
- Personal charges	1 065 186	46,9%	725 293	0,9%	718 697
Gross operating surplus	931 792 €	62,9%	571 842 €	23,0%	464 740 €	28 920 €	3122,0%
	16,31 % CA	37,5%	11,86 % CA	17,7%	10,08 % CA	4,24 % CA	284,7%

Gross operating surplus	931 792 €	62,9%	571 842 €	23,0%	464 740 €	28 920 €	3122,0%
+ Release of reserves and provisions	134 577	-18,6%	165 423	39,4%	118 685
+ Other operating income	13	-89,6%	125	237,8%	37
- Depreciation/Amortisation	376 861	-11,6%	426 109	36,6%	311 926
- Other charges	3 516	-76,4%	14 881	-39,2%	24 478
Operating result	686 005 €	131,4%	296 400 €	20,0%	247 058 €	23 661,50 €	2799,2%
	12,00 % CA	95,1%	6,15 % CA	14,7%	5,36 % CA	3,37 % CA	256,1%

Operating result	686 005 €	131,4%	296 400 €	20,0%	247 058 €	23 661,50 €	2799,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	12 078	-50,0%	24 176	53,5%	15 754
- Financial charges	86 777	20,0%	72 302	545,3%	11 204
Pre-tax result	611 306 €	146,2%	248 274 €	-1,3%	251 608 €	21 372,50 €	2760,2%
	10,70 % CA	107,8%	5,15 % CA	-5,7%	5,46 % CA	3,18 % CA	236,5%

Extraordinary income	20 404	-29,2%	28 802	105,5%	14 017	311	6460,8%
- Extraordinary charges	27 005	-80,1%	135 373	1476,9%	8 585
Extraordinary result	-6 601 €	93,8%	-106 571 €	-2061,9%	5 432 €	0 €	0%
	-0,12 % CA	94,6%	-2,21 % CA	-1941,7%	0 % CA	0 % CA	0%

Pre-tax result	611 306 €	146,2%	248 274 €	-1,3%	251 608 €	21 372,50 €	2760,2%
Extraordinary result	-6 601 €	93,8%	-106 571 €	-2061,9%	5 432 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	189 420	370,2%	40 283	-48,8%	78 753
Net result	415 285 €	309,5%	101 420 €	-43,1%	178 287 €	19 836 €	1993,6%
	7,27 % CA	246,2%	2,10 % CA	-45,7%	3,87 % CA	2,58 % CA	181,8%

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Trends
	Profitability
	Liquidity
	Net worth

Type	Head office	Status	Economically active
	Formation Date	03/2009	Reason for formation	Formation
	Closure Date		Reason for closure
	Reactivation Date		Production Role
	Activity Nature		Activity Location
	Location surface		Seasonality

	Department		Val-d'Oise (95)	Region	Ile-de-France
	District			Area
	City		GOUSSAINVILLE	Size of urban area
Other establishments
	Branches	1 branch entities in this company
	Head office	> LAPRO ENVIRONNEMENT <<< - Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B) in GOUSSAINVILLE (95190)

	Secondary establishments	> LAPRO ENVIRONNEMENT - Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B) in VILLEPINTE (93420)
	Regionality	Legal unit with all establishments in same area

	Mono-activity status	Legal unit having all establishments with the same main activity
Workforces
	Workforce at address		Workforce unknown	Company workforce	10 to 19 employees

Event History

Status history

Date	Description
20/03/2009	Economically active

Recent publications in Gazettes
Publication date	Gazette Name	Description
08/05/2011	Bodacc B	Modification et mutation diverse

95 - VAL-D'OISE GREFFE DU TRIBUNAL DE COMMERCE DE PONTOISE 3185 - 403 419 211 RCS Pontoise. LAPRO ENVIRONNEMENT. Forme : Société anonyme. Administration : Président du conseil d'administration et directeur général : LAMBREGHTS Patrick modification le 13 Mai 2009 Administrateur : LAMBREGHTS Yves en fonction le 13 Mai 2009 Commissaire aux comptes titulaire : KPMG S. A en fonction le 13 Mai 2009 Commissaire aux comptes suppléant : BLEUEZ Eric en fonction le 13 Mai 2009 Administrateur : DIELS Sabine Julia en fonction le 28 Avril 2011. Activité : . Commentaires : Modification de représentant.
08/04/2011	JAL	Appointment of the social representative

Echo régional (L') Société faisant l'objet d'une nomination : 403419211 - LAPRO ENVIRONNEMENT, 15 RUE JEAN MONNET, 95190 GOUSSAINVILLE Nominé : Madame Sabine LAMBREGHTS, Monnikenheide 8, 02980 ZOERSEL En la fonction de : Administrateur Date d'effet : 30/03/2011
08/04/2011	JAL	Resignation / Revocation of the social representative

Echo régional (L') Date de décision : 30/03/2011 La société 403419211 - LAPRO ENVIRONNEMENT, 15 RUE JEAN MONNET, 95190 GOUSSAINVILLE Fait l'objet du départ de Date d'effet : 30/03/2011
19/07/2010	Bodacc C	Comptes annuels et rapports

95 - VAL-D'OISE GREFFE DU TRIBUNAL DE COMMERCE DE PONTOISE 9775 - 403419211 RCS. LAPRO ENVIRONNEMENT. Forme : Société anonyme. Adresse : 15 rue Jean Monnet 95190 Goussainville. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2009.
17/06/2009	Bodacc C	Comptes annuels et rapports

95 - VAL-D'OISE GREFFE DU TRIBUNAL DE COMMERCE DE PONTOISE 9204 - 403419211 RCS. LAPRO ENVIRONNEMENT. Forme : Société anonyme. Adresse : 15 rue Jean Monnet 95190 Goussainville. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2008.
24/05/2009	Bodacc A	Immatriculation

95 - VAL-D'OISE GREFFE DU TRIBUNAL DE COMMERCE DE PONTOISE 1000 - 403 419 211 RCS Pontoise. LAPRO ENVIRONNEMENT. Forme : Société anonyme. Administration : Président du conseil d'administration et directeur général : LAMBREGHTS Patrick. Administrateur : LAMBREGHTS Stefaan. Administrateur : LAMBREGHTS Yves. Commissaire aux comptes titulaire : KPMG S. A. Commissaire aux comptes suppléant : BLEUEZ Eric. Capital : 40000 EUR. Adresse : 15 rue Jean Monnet, 95190 Goussainville. Date de commencement de l’activité : 01/01/0001. Descriptif : Immatriculation d'une personne morale suite au transfert du siège hors ressort. Commentaires : Immatriculation d'une personne morale suite à transfert de son siège social.
03/07/2008	Bodacc B	Modification et mutation diverse

93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 2302 - 403 419 211 RCS Bobigny. LAPRO ENVIRONNEMENT. Forme : Société anonyme. Administration : Président du conseil d'administration et directeur général : LAMBREGHTS PATRICK modification le 12 Mars 2003Administrateur : LAMBREGHTS STEFAAN. Administrateur : LAMBREGHTS YVES. Commissaire aux comptes titulaire : KPMG S. A en fonction le 24 Juin 2008. Commissaire aux comptes suppléant : BLEUEZ Eric en fonction le 24 Juin 2008. Commentaires : Modification de représentant.
26/06/2008	Bodacc C	Comptes annuels et rapports

93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 7058 - 403419211 RCS. LAPRO ENVIRONNEMENT. Forme : Société anonyme. Adresse : 14 rue de la Perdrix 93420 Villepinte. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2007.
23/06/2007	Bodacc C	Avis de dépôt des comptes

7766 - Bobigny B 403 419 211. RC 96-B 217. LAPRO ENVIRONNEMENT. Forme: S.A. Adresse du siège social: 14, rue de la Perdrix,Z.I. de Paris Nord II, 93420 Villepinte. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2006.
20/07/2006	Bodacc C	Avis de dépôt des comptes

4114 - RCS Bobigny B 403 419 211. RC 96-B 217. LAPRO ENVIRONNEMENT. Forme: S.A. Adresse du siège social: 14, rue de la Perdrix,Z.I. de Paris Nord II, 93420 Villepinte. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2005.
21/06/2005	Bodacc C	Avis de dépôt des comptes

4161 - RCS Bobigny B 403 419 211. RC 96-B 217. LAPRO ENVIRONNEMENT. Forme: S.A. Adresse du siège social: 14, rue de la Perdrix,Z.I. de Paris Nord II, 93420 Villepinte. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2004.
23/05/2003	Bodacc B	Modifications et mutations diverses

RCS Bobigny B 403419211 RC 96-B 217 LAPRO ENVIRONNEMENT. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : D.M.V. RONCQ. Nomination d'un commissaire aux comptes titulaire : S.A. D.M.V.
23/03/2003	Bodacc B	Modifications et mutations diverses

RCS Bobigny B 403419211 RC 96-B 217 LAPRO ENVIRONNEMENT. Forme : S.A. Capital : 40 000 euros. Commentaires : modification survenue sur le capital (augmentation) et l'administration. Administration : modification du président du conseil d' administration et directeur général : LAMBREGHTS (Patrick).
02/02/1996	Bodacc A	Création d'établissement

RCS *. RCS Bobigny B 403 419 211 RC RC 96-B 217 LAPRO ENVIRONNEMENT. Forme : S.A. Capital : 250 000 F. Adresse du siège social : 14, rue de la Perdrix, Z.I. de Paris-Nord-II 93420 Villepinte. Activité : achat, vente, importation, exportation, conditionnement, distribution de produits et d' équipements pour les secteurs de l' industrie, du commerce et du batiment ainsi que toutes prestations de services se rattachant auxdits produits. Administration : président du conseil d' administration et administrateur : LAMBREGHTS (Patrick) Administrateurs : LAMBREGHTS (Stefaan) LAMBREGHTS ( Yves). Commissaire aux comptes titulaire : D.M.V. RONCQ. Commissaire aux comptes suppléant : VERCRVYSSE ( Michel) Cette société se constitue Date de début d'activité: 2 janvier 1996.

Company Events History
Date	Description
20/05/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
08/05/2011	Bodacc B: Various editing or changing
06/05/2011	New ultimate parent
06/05/2011	New parent detected
28/04/2011	Appointment/resignation of company officers
28/04/2011	Minutes of general meeting of shareholders
08/04/2011	Legal Gazette: Resignation / Revocation of the social representative
30/03/2011	Legal Gazette: Appointment of the social representative
30/09/2010	New accounts available
19/07/2010	Bodacc C : Deposit accounts notice
02/11/2009	Payment incident closed
30/09/2009	New accounts available
14/08/2009	Payment incident detected
17/06/2009	Bodacc C : Deposit accounts notice
24/05/2009	Bodacc A : Registration
13/05/2009	Updated articles of association
13/05/2009	Registration after transfer
13/05/2009	Private document
13/05/2009	Registered office transferred outside jurisdiction of the Commercial Court
13/05/2009	Minutes of general meeting of shareholders
20/03/2009	Update of Company Head Office Identifier
20/03/2009	Transfer of Establishment
21/01/2009	Collection of preferential rights activated for this company
30/09/2008	New accounts available
03/07/2008	Bodacc B: Various editing or changing
03/07/2008	New Bodacc B ads detected
26/06/2008	Bodacc C : Deposit accounts notice
24/06/2008	Private document
24/06/2008	Appointment/resignation of company officers
24/06/2008	New auditor
24/06/2008	Minutes of general meeting of shareholders
30/09/2007	New accounts available
30/09/2006	New accounts available
30/09/2005	New accounts available
30/09/2004	New accounts available
30/09/2003	New accounts available
07/05/2003	Changement de Commissaire aux Comptes
07/05/2003	PV d'Assemblée
07/05/2003	Acte sous seing privé
07/05/2003	Nomination/démission des organes de gestion
12/03/2003	PV d'Assemblée
12/03/2003	PV du Conseil d'Administration
12/03/2003	Statuts mis à jour
01/01/2003	Acte sous seing privé
01/01/2003	PV du Conseil d'Administration
01/01/2003	Augmentation de Capital
01/01/2003	PV d'Assemblée
01/01/2003	Statuts mis à jour
17/01/2000	Acte modificatif
17/01/2000	Acte sous seing privé
17/01/2000	PV du Conseil d'Administration
17/01/1996	PV d'Assemblée
17/01/1996	Formation de Société
17/01/1996	Acte sous seing privé
17/01/1996	PV du Conseil d'Administration
17/01/1996	Nomination/démission des organes de gestion
17/01/1996	Statuts
Establishment events history
Date	Description
20/05/2011	Update Limit
07/05/2011	Update Rating
02/05/2011	Update Rating
16/04/2011	Update Rating
05/07/2010	Update Limit
05/07/2010	Update Rating
05/06/2010	Update Limit
05/06/2010	Update Rating
25/05/2010	Update of phone numbers
30/12/2009	Update Rating
02/11/2009	Update Limit
02/11/2009	Update Rating
31/08/2009	Update Rating
31/08/2009	Update Limit
18/06/2009	Update of phone numbers
10/06/2009	Update Rating
10/06/2009	Update Limit
06/06/2009	Update Limit
06/06/2009	Update Rating
20/03/2009	Formation of Head office (after transfer)

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.33
UK Pound	1	Rs.77.97
Euro	1	Rs.65.07

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

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

NOTES & COMMENTS

Unit