MIRA INFORM REPORT

Report Date :

11.07.2012

IDENTIFICATION DETAILS

Name :	CARAVANE

Registered Office :	6 Rue Pavee, 75004 Paris 4

Country :	France

Financials (as on) :	31.12.2010

Date of Incorporation :	Aug 1992

Legal Form :	Simplified joint stock company

LINE OF BUSINESS :	TRADE OF HOUSEHOLD APPLIANCES (FURNITURE)

No. of Employees :	19

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

France

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

Company name


	Name	CARAVANE	SIRET	388 312 696 00031

company summary


Activity (APE)	Commerce de dÃ©tail d'autres Ã©quipements du foyer (4759B)	Legal form	Simplified joint stock company
Phone	01 44 61 71 40	RCS Registration	RCS Paris 9 388 312 696
Fax		Share capital	40,000 Euros
Address	CARAVANE 6 RUE PAVEE 75004 PARIS 4	Incorporated Date	08/1992
Nationality	France	Status	Economically active

Last published preferential right

This company is not under monitoring

Current Directors

Trading to Date	12/31/2010	12/31/2009	12/31/2008
Turnover	6,601,502 €	5,624,398 €	5,352,405 €
Gross Operating Surplus	9,25 % Turnover	8,46 % Turnover	6,75 % Turnover
Net worth	1,049,580 €	804,978 €	595,418 €
Employees	10 to 19 employees	-	-

	Trends
	Profitability
	Liquidity
	Net worth

company details

Company details

Activity (APE)	Commerce de dÃ©tail d'autres Ã©quipements du foyer (4759B)
RCS Registration	RCS Paris 9 388 312 696	Share capital	40,000 Euros
Registration Court	Paris (75)	Legal form	Simplified joint stock company
Court Registry Number	19 9 2B098	EU VAT Number	FR13388312696
Incorporation Date	08/1992	Formation Date	10/1992
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Establishment details

Activity (APE)	Commerce de dÃ©tail d'autres Ã©quipements du foyer (4759B)	Business Pages FT®
Postal Address	CARAVANE 6 RUE PAVEE 75004 PARIS 4	Trading Address	6 RUE PAVEE 75004 PARIS 4
Telephone	01 44 61 71 40
Fax

Type	Head office	Status	Economically active
Formation Date	04/1995	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Store
Location surface	Less than 300 mÂ²	Seasonality

Department	Paris (75)	Region	Ile-de-France
District	1	Area	99
City	PARIS 4	Size of urban area	Paris conglomeration

Other establishments

	Branches	5 branch entities in this company


	Head office	> CARAVANE <<< - Commerce de dÃ©tail d'autres Ã©quipements du foyer (4759B) in PARIS 4 (75004)

	Secondary establishments	> FRANCOISE DORGET CIE DITE FD CIE - Commerce de dÃ©tail d'autres Ã©quipements du foyer (4759B) in PARIS 12 (75012) > CARAVANE - Commerce de dÃ©tail d'autres Ã©quipements du foyer (4759B) in PARIS 12 (75012) > FRANCOISE DORGET CIE DITE FD CIE - Commerce de dÃ©tail d'autres Ã©quipements du foyer (4759B) in PARIS 2 (75002) > FRANCOISE DORGET CIE DITE FD CIE - Commerce de dÃ©tail d'autres Ã©quipements du foyer (4759B) in PARIS 12 (75012) > ...

	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

10 to 19 employees

Company workforce

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	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	17/08/2011	28/08/2010	-
Activity Code	4759B	4759B	4759B
Employees	0	0	0

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	312Â 700	6,1%	294Â 708	87,4%	157Â 257	38Â 610	709,9%
- Intangible assets	185Â 466	0,1%	185Â 354	268,1%	50Â 354	5Â 614	3203,6%
- Tangible assets	76Â 211	-4,2%	79Â 582	-3,8%	82Â 706	7Â 757	882,5%
- Financial assets	51Â 023	71,4%	29Â 772	23,0%	24Â 197	925	5416,0%
Net current assets	2Â 153Â 002	18,5%	1Â 816Â 584	18,4%	1Â 533Â 794	88Â 668	2328,2%
- Stocks	1Â 004Â 589	5,2%	955Â 025	3,7%	921Â 147	39Â 594	2437,2%
- Advanced payments	0	18,5%	0	0%	35Â 721	0	0%
- Receivables	463Â 860	44,8%	320Â 321	60,3%	199Â 783	9Â 736	4664,4%
- Securities and cash	684Â 553	26,5%	541Â 238	43,5%	377Â 143	12Â 479	5385,6%
- Prepaid expenses	-	-	-	-	-	434,50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	2Â 465Â 703	16,8%	2Â 111Â 292	24,9%	1Â 691Â 051	148Â 752	1557,6%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Shareholders' equity	1Â 049Â 580	30,4%	804Â 978	35,2%	595Â 418	27Â 018	3784,7%
Share capital	40Â 000	0%	40Â 000	0%	40Â 000	8Â 000	400%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1Â 416Â 123	8,4%	1Â 306Â 315	19,2%	1Â 095Â 633	106Â 898	1224,7%
- Financial liabilities	281Â 233	-14,9%	330Â 545	30,7%	252Â 817	28Â 536	885,5%
- Advanced payments received	257Â 635	17,4%	219Â 448	54,2%	142Â 293	0	0%
- Trade account payables	407Â 425	21,4%	335Â 537	4,0%	322Â 706	21Â 263	1816,1%
- Tax and social liabilities	469Â 395	11,7%	420Â 136	11,2%	377Â 817	18Â 482	2439,7%
- Other debts and fixed assets liabilities	435	-33,0%	649	0%	0	4Â 052	-89,3%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	2Â 465Â 703	16,8%	2Â 111Â 292	24,9%	1Â 691Â 051	148Â 618	1559,1%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Sales of Goods	6Â 605Â 852	17,3%	5Â 631Â 335	4,7%	5Â 376Â 744	209Â 470	3053,6%
Net turnover	6Â 601Â 502	17,4%	5Â 624Â 398	5,1%	5Â 352Â 405	205Â 769	3108,2%
- of which net export turnover	0	0%	0	0%	0	0	0%
Operating charges	6Â 014Â 765	16,3%	5Â 172Â 991	2,9%	5Â 026Â 611	206Â 690	2810,0%
Operating profit/loss	591Â 087	29,0%	458Â 344	30,9%	350Â 133	3Â 239	18149,1%
Financial income	455	-7,7%	493	-79,7%	2Â 426	0	0%
Financial charges	2Â 922	22,7%	2Â 382	1718,3%	131	1Â 092	167,6%
Financial profit/loss	-2Â 467	-30,6%	-1Â 889	-182,3%	2Â 295	-714	-245,5%
Pretax net operating income	588Â 620	29,0%	456Â 455	29,5%	352Â 428	1Â 982	29598,3%
Extraordinary income	0	0%	0	0%	1Â 368	0	0%
Extraordinary charges	3Â 777	110,5%	1Â 794	-71,4%	6Â 271	79	4681,0%
Extraordinary profit/loss	-3Â 777	22095,7%	-1Â 794	63,4%	-4Â 903	0	0%
Net result	394Â 602	27,5%	309Â 560	30,7%	236Â 837	2Â 266	17314,0%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2010		31/12/2009		31/12/2008
Grand Total (I to VI)	Net	2Â 465Â 703	16,8%	2Â 111Â 292	24,9%	1Â 691Â 051
Gross	CO	2Â 701Â 800	16,0%	2Â 328Â 920	22,1%	1Â 906Â 957
Amortisation	1A	236Â 097	8,5%	217Â 628	0,8%	215Â 906

Non declared distributed capital (I)

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

Active fixed asset (II)

		31/12/2010		31/12/2009		31/12/2008
Total Active fixed asset (II)	Net	312Â 700	6,1%	294Â 708	87,4%	157Â 257
Gross	BJ	547Â 656	7,4%	510Â 143	37,4%	371Â 223
Amortisation	BK	234Â 956	9,1%	215Â 435	0,7%	213Â 966

Intangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	112	0%	0	0%	0
	Gross	AF	2Â 547	41,7%	1Â 798	0%	1Â 798
	Amortisation	AG	2Â 435	35,4%	1Â 798	0%	1Â 798
	Goodwill	Net	185Â 354	0%	185Â 354	268,1%	50Â 354
	Gross	AH	185Â 354	0%	185Â 354	268,1%	50Â 354
	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	185Â 466	0,1%	185Â 354	268,1%	50Â 354

Tangilble fixed assets

		31/12/2010		31/12/2009		31/12/2008
Lands	Net	0	0%	0	0%	0
Gross	AN	0	0%	0	0%	0
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	67Â 295	-5,5%	71Â 182	-6,4%	76Â 065
Gross	AP	263Â 239	3,6%	254Â 009	4,2%	243Â 764
Amortisation	AQ	195Â 944	7,2%	182Â 827	9,0%	167Â 699
Plant	Net	0	0%	0	0%	0
Gross	AR	0	0%	0	0%	0
Amortisation	AS	0	0%	0	0%	0
Other tangible fixed assets	Net	8Â 916	6,1%	8Â 400	26,5%	6Â 641
Gross	AT	45Â 493	16,0%	39Â 210	-23,3%	51Â 110
Amortisation	AU	36Â 577	18,7%	30Â 810	-30,7%	44Â 469
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	76Â 211		79Â 582		82Â 706

Financial assets

		31/12/2010		31/12/2009		31/12/2008
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	0	0%	0	0%	0
Gross	CU	0	0%	0	0%	0
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	0	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	2Â 620	63,8%	1Â 600	88,2%	850
Gross	BF	2Â 620	0%	1Â 600	0%	850
Amortisation	BG	0		0		0
Other financial assets	Net	48Â 403	71,8%	28Â 172	20,7%	23Â 347
Gross	BH	48Â 403	71,8%	28Â 172	20,7%	23Â 347
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		51Â 023		29Â 772		24Â 197

Current Assets (III)

		31/12/2010		31/12/2009		31/12/2008
Total Assets	Net	2Â 153Â 002	18,5%	1Â 816Â 584	18,4%	1Â 533Â 794
Gross	CJ	2Â 154Â 143	18,4%	1Â 818Â 777	18,4%	1Â 535Â 734
Amortisation	CK	1Â 141	-48,0%	2Â 193	13,0%	1Â 940

Stocks

		31/12/2010		31/12/2009		31/12/2008
Raw materials	Net	0	0%	0	0%	0
Gross	BL	0	0%	0	0%	0
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	0	0%	0	0%	0
Gross	BR	0	0%	0	0%	0
Amortisation	BS	0	0%	0	0%	0
Goods for resale	Net	1Â 004Â 589	5,2%	955Â 025	3,7%	921Â 147
Gross	BT	1Â 004Â 589	5,2%	955Â 025	3,7%	921Â 147
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	1Â 004Â 589	5,2%	955Â 025	3,7%	921Â 147

Advance payments to suppliers

		31/12/2010		31/12/2009		31/12/2008
Advance payments to suppliers	Net	0	0%	0	0%	35Â 721
Gross	BV	0	0%	0	0%	35Â 721
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2010		31/12/2009		31/12/2008
Trade accounts receivable	Net	309Â 336	36,8%	226Â 186	49,1%	151Â 672
Gross	BX	310Â 477	35,9%	228Â 379	48,7%	153Â 612
Amortisation	BY	1Â 141	-48,0%	2Â 193	13,0%	1Â 940
Other debtors	Net	124Â 857	52,0%	82Â 151	115,7%	38Â 083
Gross	BZ	124Â 857	52,0%	82Â 151	115,7%	38Â 083
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	434Â 193	40,8%	308Â 337	62,5%	189Â 755

Divers

		31/12/2010		31/12/2009		31/12/2008
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	684Â 553	26,5%	541Â 238	43,5%	377Â 143
Gross	CF	684Â 553	26,5%	541Â 238	43,5%	377Â 143
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	684Â 553	26,5%	541Â 238	43,5%	377Â 143

Prepaid expenses

		31/12/2010		31/12/2009		31/12/2008
Prepaid expenses	Net	29Â 667	147,6%	11Â 984	19,5%	10Â 028
Gross	CH	29Â 667	147,6%	11Â 984	19,5%	10Â 028
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2010		31/12/2009		31/12/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	-	-
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		31/12/2009		31/12/2008
Due within one year	CP	0	0%	0	0%	24Â 197
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			31/12/2010		31/12/2009		31/12/2008
	Grand Total (I to V)	EE	2Â 465Â 703	16,8%	2Â 111Â 292	24,9%	1Â 691Â 051

Shareholder Equity (I)

		31/12/2010		31/12/2009		31/12/2008
Total shareholders' equity (Total I)	DL	1Â 049Â 580	30,4%	804Â 978	35,2%	595Â 418
Equity and shareholders' equity	DA	40Â 000	0%	40Â 000	0%	40Â 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	4Â 000	0%	4Â 000	0%	4Â 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	610Â 978	35,3%	451Â 418	43,5%	314Â 581
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	394Â 602	27,5%	309Â 560	30,7%	236Â 837
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

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

Provisions for risks and charges (III)

		31/12/2010		31/12/2009		31/12/2008
Total provisions for risks and charges (Total III)	DR	0	0%	0	0%	0
Risk provisions	DP	0	0%	0	0%	0
Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		31/12/2010		31/12/2009		31/12/2008
Total Liabilities (Total IV)	EC	1Â 416Â 123	8,4%	1Â 306Â 315	19,2%	1Â 095Â 633
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	37Â 928	-51,1%	77Â 624	0%	0
Sundry loans and financial liabilities	DV	243Â 305	-3,8%	252Â 921	0,0%	252Â 817
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	257Â 635	17,4%	219Â 448	54,2%	142Â 293
Trade accounts payables	DX	407Â 425	21,4%	335Â 537	4,0%	322Â 706
Tax and social security liabilities	DY	469Â 395	11,7%	420Â 136	11,2%	377Â 817
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	435	-33,0%	649	0%	0

Translation loss (V)

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

Equalization accounts

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

References

		31/12/2010		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	1Â 158Â 488	10,4%	1Â 048Â 939	10,0%	953Â 340
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			31/12/2010		31/12/2009		31/12/2008
	Operating result (Total I-II)	GG	591Â 087	29,0%	458Â 344	30,9%	350Â 133

2 - Financial result (V - VI)

			31/12/2010		31/12/2009		31/12/2008
	Financial result (Total V-VI)	GV	-2Â 467	-30,6%	-1Â 889	-182,3%	2Â 295

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

			31/12/2010		31/12/2009		31/12/2008
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	588Â 620	29,0%	456Â 455	29,5%	352Â 428

4 - Extraordinary result (VII-VIII)

			31/12/2010		31/12/2009		31/12/2008
	Extraordinary result (Total VII-VIII)	HI	-3Â 777	-110,5%	-1Â 794	63,4%	-4Â 903

Profit or loss

			31/12/2010		31/12/2009		31/12/2008
	Profit or loss	HN	394Â 602	27,5%	309Â 560	30,7%	236Â 837

Total Income (I+III+V+VII)

			31/12/2010		31/12/2009		31/12/2008
	Total Income (I+III+V+VII)	HL	6Â 606Â 307	17,3%	5Â 631Â 828	4,7%	5Â 380Â 538

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

			31/12/2010		31/12/2009		31/12/2008
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	6Â 211Â 701	16,7%	5Â 322Â 267	3,5%	5Â 143Â 701

Operating income (I)

			31/12/2010		31/12/2009		31/12/2008
	Total operating income (Total I)	FR	6Â 605Â 852	17,3%	5Â 631Â 335	4,7%	5Â 376Â 744

Operating income (details)

		31/12/2010		31/12/2009		31/12/2008
Sale of goods for resale	FC	6Â 597Â 049	17,4%	5Â 621Â 173	5,1%	5Â 346Â 225
France	FA	6Â 597Â 049	17,4%	5Â 621Â 173	5,1%	5Â 346Â 225
Export	FB	0	0%	0	0%	0
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	4Â 453	38,1%	3Â 225	-47,8%	6Â 180
France	FG	4Â 453	38,1%	3Â 225	-47,8%	6Â 180
Export	FH	0	0%	0	0%	0
Net turnover	FL	6Â 601Â 502	17,4%	5Â 624Â 398	5,1%	5Â 352Â 405
France	FJ	6Â 601Â 502	17,4%	5Â 624Â 398	5,1%	5Â 352Â 405
Export	FK	0	0%	0	0%	0
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	0	0%	0
Release of reserves and provisions	FP	3Â 806	-41,5%	6Â 509	-72,6%	23Â 762
Other income	FQ	544	27,1%	428	-25,8%	577

Operating charges (II)

			31/12/2010		31/12/2009		31/12/2008
	Total operating charges (Total II)	GF	6Â 014Â 765	16,3%	5Â 172Â 991	2,9%	5Â 026Â 611

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	3Â 527Â 806	22,6%	2Â 878Â 488	-0,8%	2Â 902Â 094
Change in stocks of goods for resale	FT	-49Â 564	-46,3%	-33Â 879	73,1%	-125Â 911
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	903Â 546	18,1%	764Â 933	1,3%	755Â 309
Tax, duty and similar payments	FX	54Â 830	57,1%	34Â 908	-24,4%	46Â 160
Payroll	FY	1Â 089Â 985	3,5%	1Â 053Â 338	3,4%	1Â 018Â 617
Social security costs	FZ	464Â 407	3,0%	451Â 041	14,3%	394Â 712

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	20Â 662	-1,7%	21Â 011	-20,5%	26Â 445
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

			31/12/2010		31/12/2009		31/12/2008
	Other charges	GE	3Â 093	-1,8%	3Â 151	-65,7%	9Â 185

Operating charges (III-IV)

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

Financial income (V)

		31/12/2010		31/12/2009		31/12/2008
Total financial income (Total V)	GP	455	-7,7%	493	-79,7%	2Â 426
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	72	-81,9%	397	-83,6%	2Â 426
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	383	299,0%	96	0%	0
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2010		31/12/2009		31/12/2008
Total financial charge (Total VI)	GU	2Â 922	22,7%	2Â 382	1718,3%	131
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	2Â 580	12,9%	2Â 285	0%	0
Exchange losses	GS	342	252,6%	97	-26,0%	131
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

		31/12/2010		31/12/2009		31/12/2008
Total extraordinary income (Total VII)	HD	0	0%	0	0%	1Â 368
Extraordinary operating income	HA	0	0%	0	0%	1Â 368
Extraordinary income from capital transactions	HB	0	0%	0	0%	0
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		31/12/2010		31/12/2009		31/12/2008
Total extraordinary charges (Total VIII)	HH	3Â 777	110,5%	1Â 794	-71,4%	6Â 271
Extraordinary operating charges	HE	3Â 777	110,5%	1Â 794	-71,4%	6Â 271
Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

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

Tax on profits (X)

			31/12/2010		31/12/2009		31/12/2008
	Tax on profits (Total X)	HK	190Â 237	31,1%	145Â 100	31,1%	110Â 688

References

		31/12/2010		31/12/2009		31/12/2008
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	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)

		31/12/2010		31/12/2009		31/12/2008
Gross value at begin of period	OG	0	0%	0	0%	366Â 452
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	34Â 580
Decreasess by budget item transfer	OK1	0	0%	0	0%	19Â 594
Decreasess by transfers	OK2	3Â 780	-79,2%	18Â 199	78,2%	10Â 215
Gross value at the end of period	OL	547Â 656	7,4%	510Â 143	37,4%	371Â 223

Research and development Charge (Total I)

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

Other budget item from Intangible fixed assets (Total II)

		31/12/2010		31/12/2009		31/12/2008
Gross value at begin of period	KD	187Â 152	258,9%	52Â 152	0%	52Â 152
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	749	-99,4%	135Â 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	187Â 901	0,4%	187Â 152	258,9%	52Â 152

Tangible fixed assets (Total III)

		31/12/2010		31/12/2009		31/12/2008
Gross value at begin of period	LN	293Â 219	-0,6%	294Â 874	1,3%	290Â 953
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	15Â 514	-1,1%	15Â 694	-48,7%	30Â 565
Decreasess by budget item transfer	NG1	0	0%	0	0%	19Â 594
Decreasess by transfers	NG2	0	0%	17Â 349	146,1%	7Â 049
Gross value at the end of period	NH	308Â 733	5,3%	293Â 219	-0,6%	294Â 875

Fiancial assets (Total IV)

		31/12/2010		31/12/2009		31/12/2008
Gross value at begin of period	LQ	29Â 772	23,0%	24Â 197	3,6%	23Â 347
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	25Â 031	289,6%	6Â 425	60,0%	4Â 015
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	3Â 780	344,7%	850	-73,2%	3Â 166
Gross value at the end of period	NK	51Â 023	71,4%	29Â 772	23,0%	24Â 197

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

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	193Â 037
Increases		0P	0	0%	0	0%	24Â 505
Decreasess		0Q	0	0%	0	0%	3Â 576
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	213Â 966

Research and development charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	1Â 798	0%	1Â 798	0%	1Â 798
Increases		PF	637	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	2Â 435	35,4%	1Â 798	0%	1Â 798

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	213Â 637	0,7%	212Â 168	10,9%	191Â 239
Increases		QV	18Â 885	0,4%	18Â 818	-23,2%	24Â 505
Decreases		QW	0	0%	17Â 349	385,2%	3Â 576
	Decreasess by budget item transfer	QX	232Â 522	8,8%	213Â 637	0,7%	212Â 168

Movements during period affecting charge allocated over several period
Charges Ã rÃ©partir ou frais d'Ã©mission d'emprunt

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

Premium refund of obligations

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

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

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7C	2Â 193	13,0%	1Â 940	-91,8%	23Â 762
Increases		UB	1Â 141	-48,0%	2Â 193	13,0%	1Â 940
Decreases		UC	2Â 193	13,0%	1Â 940	-91,8%	23Â 762
	Value at the end of period	UD	1Â 141	-48,0%	2Â 193	13,0%	1Â 940

Includes Total allocations

Operating	UE	1Â 141	-48,0%	2Â 193	13,0%	1Â 940
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	2Â 193	13,0%	1Â 940	-91,8%	23Â 762
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

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

Total risk and charge provisions (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7B	2Â 193	13,0%	1Â 940	-91,8%	23Â 762
Increases		TY	1Â 141	-48,0%	2Â 193	13,0%	1Â 940
Decreases		TZ	2Â 193	13,0%	1Â 940	-91,8%	23Â 762
	Value at the end of period	UA	1Â 141	-48,0%	2Â 193	13,0%	1Â 940

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	516Â 024	46,5%	352Â 285	55,9%	225Â 920
1 year at most	VU	516Â 024	46,5%	352Â 285	55,9%	225Â 920
More than one year	VV	0	0%	0	0%	0

State of loans

		31/12/2010		31/12/2009		31/12/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	2Â 620	63,8%	1Â 600	88,2%	850
Loans (1 year at most)	UR	2Â 620	63,8%	1Â 600	88,2%	850
Other financial assets (gross)	UT	48Â 403	71,8%	28Â 172	20,7%	23Â 347
Other financial assets (1 year at most)	UV	48Â 403	71,8%	28Â 172	20,7%	23Â 347

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	1Â 365	-42,6%	2Â 377	4,8%	2Â 268
Other claims customer	UX	309Â 112	36,8%	226Â 002	49,3%	151Â 344
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	367	-13,8%	426	0%	0
Social Security and other social organizations	UZ	48Â 816	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	58Â 373	-19,0%	72Â 049	89,2%	38Â 083
Other taxes and payments assimilated	VN	0	0%	0	0%	0
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	17Â 302	78,8%	9Â 676	0%	0

Prepaid

			31/12/2010		31/12/2009		31/12/2008
	Prepaid	VS	29Â 667	147,6%	11Â 984	19,5%	10Â 028

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	1Â 158Â 488	6,6%	1Â 086Â 866	14,0%	953Â 340
1 year at most		VZ2	1Â 158Â 488	10,4%	1Â 048Â 939	10,0%	953Â 340
More than 1 year and 5 years at most		VZ3	0	0%	37Â 927	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2009		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	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	37Â 928	-51,1%	77Â 624	0%	0
1 year at most		VH2	37Â 928	-4,5%	39Â 697	0%	0
More than 1 year and 5 years at most		VH3	0	0%	37Â 927	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	407Â 425	21,4%	335Â 537	4,0%	322Â 706
1 year at most		8B2	407Â 425	21,4%	335Â 537	4,0%	322Â 706
More than 1 year and 5 years at most		8B3	407Â 425	21,4%	335Â 537	0%	0
	Personnel and associated accounts (gross)	8C1	163Â 963	22,9%	133Â 375	10,1%	121Â 099
1 year at most		8C2	163Â 963	22,9%	133Â 375	10,1%	121Â 099
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	178Â 442	9,2%	163Â 424	8,2%	151Â 099
1 year at most		8D2	178Â 442	9,2%	163Â 424	8,2%	151Â 099
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	44Â 129	28,2%	34Â 411	50,5%	22Â 858
1 year at most		8E2	44Â 129	28,2%	34Â 411	50,5%	22Â 858
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	55Â 380	-16,7%	66Â 518	8,0%	61Â 570
1 year at most		VW2	55Â 380	-16,7%	66Â 518	8,0%	61Â 570
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	27Â 481	22,6%	22Â 408	5,7%	21Â 191
1 year at most		VQ2	27Â 481	22,6%	22Â 408	5,7%	21Â 191
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	243Â 305	-3,8%	252Â 921	0,0%	252Â 817
1 year at most		VI2	243Â 305	-3,8%	252Â 921	0,0%	252Â 817
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	435	-33,0%	649	0%	0
1 year at most		8K2	435	-33,0%	649	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Loans made during the period	VJ	0	0%	100Â 000	0%	0
Debt repaid during the period	VK	39Â 696	77,4%	22Â 376	0%	0

Table allocation results and other information
Dividends distributed

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

Commitments

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

Other charges Externes

		31/12/2010		31/12/2009		31/12/2008
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2010		31/12/2009		31/12/2008
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2010		31/12/2009		31/12/2008
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

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

Groups and Shareholders

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

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Fixed Asset Financing	2,86	7,9%	2,65	-7,3%	2,86	1,45	97,2%
Global Debt	77 days	-8,3%	84 days	13,5%	74 days	169 days	-54,4%
Working Capital Fund overall net	56 days	3,7%	54 days	17,4%	46 days	49 days	14,3%
Financial independence	2767,30%	166,9%	1037,02%	-	%	98,46%	2710,6%

Solvability	42,57%	11,6%	38,13%	8,3%	35,21%	22,48%	89,4%
Capacity debt futures	2767,30%	36,5%	2027,81%	-	%	388,16%	612,9%
Coverage of current assets by net working capital overall	47,92%	3,0%	46,54%	2,8%	45,29%	36,01%	33,1%
General Liquidity	0,45	32,4%	0,34	41,7%	0,24	0,13	246,2%
Restricted Liquidity	1,04	22,4%	0,85	34,9%	0,63	0,41	153,7%

Management or rotation

	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Need background in operating working capital	17 days	-5,6%	18 days	-10,0%	20 days	10 days	70,0%
Treasury	37 days	5,7%	35 days	40,0%	25 days	3 days	1133,3%
Inventory turnover of goods	104 days	-14,0%	121 days	1,7%	119 days	164 days	-36,6%
Average length of credit granted to customers	17 days	13,3%	15 days	50,0%	10 days	2 days	750,0%
Average length of credit obtained suppliers	33 days	0%	33 days	0%	33 days	48 days	-31,2%

Inventory turnover of raw materials in industrial enterprises	days	-	days	-	days	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	674 days	-
Rotation tangible assets	2138,26%	11,5%	1918,16%	5,7%	1815,14%	653,76%	227,1%

Profitability of the business

	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Margin trading	47,24%	-4,3%	49,37%	2,8%	48,02	42,71%	10,6%
Profitability of the business	9,25	9,3%	8,46	25,3%	6,75	3,16%	192,7%
Net profit	5,98%	8,7%	5,50%	24,4%	4,42%	1,23%	386,2%

Growth rate of turnover (excluding VAT)	17,37%	241,9%	5,08%	-76,7%	21,80%	-0,51%	3505,9%
Rates integration	33,62%	-6,1%	35,82%	5,3%	34,02%	23,24%	44,7%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	70,03%	-6,2%	74,66%	-3,8%	77,62%	72,42%	-3,3%
Weight interests	0,04	0%	0,04%	0%	0%	0,51%	-92,2%

Return on capital

	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Cash flow from the overall profitability	6,26%	7,2%	5,84%	30,6%	4,47%	3,06%	104,6%
Rates of economic profitability	46%	9,5%	42%	-2,3%	43%	10%	360,0%
Financial profitability	1049580%	30,4%	804978%	35,2%	595418%	2438%	42950,9%
Return on investment	29,87%	8,7%	27,47%	-1,7%	27,94%	6,58%	354,0%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Turnover	6Â 601Â 502	17,4%	5Â 624Â 398	5,1%	5Â 352Â 405	205Â 769 €	3108,2%

Sales of goods	6Â 597Â 049	17,4%	5Â 621Â 173	5,1%	5Â 346Â 225
- Purchase of goods	3Â 527Â 806	22,6%	2Â 878Â 488	-0,8%	2Â 902Â 094
+/- Stock of goods variation	-49Â 564	-46,3%	-33Â 879	73,1%	-125Â 911
Trading margin	3Â 118Â 807 €	12,3%	2Â 776Â 564 €	8,0%	2Â 570Â 042 €	74Â 855 €	4066,5%
	47,24 % CA	-4,3%	49,37 % CA	2,8%	48,02 % CA	43,02 % CA	9,8%

Sale of goods produced	4Â 453	38,1%	3Â 225	-47,8%	6Â 180
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	4Â 453 €	38,1%	3Â 225 €	-47,8%	6Â 180 €	58 €	7577,6%
	0,07 % CA	16,7%	0,06 % CA	-50,0%	0,12 % CA	0,91 % CA	-92,3%

Trading margin	3Â 118Â 807	12,3%	2Â 776Â 564	8,0%	2Â 570Â 042	74Â 855	4066,5%
+ Period Production	4Â 453	38,1%	3Â 225	-47,8%	6Â 180	58	7577,6%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	903Â 546	18,1%	764Â 933	1,3%	755Â 309
Added value	2Â 219Â 714 €	10,2%	2Â 014Â 856 €	10,7%	1Â 820Â 913 €	49Â 139 €	4417,2%
	33,62 % CA	-6,1%	35,82 % CA	5,3%	34,02 % CA	23,24 % CA	44,7%

Added value	2Â 219Â 714 €	10,2%	2Â 014Â 856 €	10,7%	1Â 820Â 913 €	49Â 139 €	4417,2%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	54Â 830	57,1%	34Â 908	-24,4%	46Â 160
- Personal charges	1Â 554Â 392	3,3%	1Â 504Â 379	6,4%	1Â 413Â 329
Gross operating surplus	610Â 492 €	28,4%	475Â 569 €	31,6%	361Â 424 €	5Â 653 €	10699,4%
	9,25 % CA	9,3%	8,46 % CA	25,3%	6,75 % CA	3,17 % CA	191,8%

Gross operating surplus	610Â 492 €	28,4%	475Â 569 €	31,6%	361Â 424 €	5Â 653 €	10699,4%
+ Release of reserves and provisions	3Â 806	-41,5%	6Â 509	-72,6%	23Â 762
+ Other operating income	544	27,1%	428	-25,8%	577
- Depreciation/Amortisation	20Â 662	-1,7%	21Â 011	-20,5%	26Â 445
- Other charges	3Â 093	-1,8%	3Â 151	-65,7%	9Â 185
Operating result	591Â 087 €	29,0%	458Â 344 €	30,9%	350Â 133 €	3Â 241 €	18137,8%
	8,95 % CA	9,8%	8,15 % CA	24,6%	6,54 % CA	1,94 % CA	361,3%

Operating result	591Â 087 €	29,0%	458Â 344 €	30,9%	350Â 133 €	3Â 241 €	18137,8%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	455	-7,7%	493	-79,7%	2Â 426
- Financial charges	2Â 922	22,7%	2Â 382	1718,3%	131
Pre-tax result	588Â 620 €	29,0%	456Â 455 €	29,5%	352Â 428 €	1Â 982 €	29598,3%
	8,92 % CA	9,9%	8,12 % CA	23,4%	6,58 % CA	1,22 % CA	631,1%

Extraordinary income	0	0%	0	0%	1Â 368	0	0%
- Extraordinary charges	3Â 777	110,5%	1Â 794	-71,4%	6Â 271
Extraordinary result	-3Â 777 €	-110,5%	-1Â 794 €	63,4%	-4Â 903 €	0 €	0%
	-0,06 % CA	-100%	-0,03 % CA	66,7%	0 % CA	0 % CA	0%

Pre-tax result	588Â 620 €	29,0%	456Â 455 €	29,5%	352Â 428 €	1Â 982 €	29598,3%
Extraordinary result	-3Â 777 €	-110,5%	-1Â 794 €	63,4%	-4Â 903 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	190Â 237	31,1%	145Â 100	31,1%	110Â 688
Net result	394Â 606 €	27,5%	309Â 561 €	30,7%	236Â 837 €	2Â 267 €	17306,5%
	5,98 % CA	8,7%	5,50 % CA	24,4%	4,42 % CA	1,23 % CA	386,2%

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
08/03/2012	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 788 - 388 312 696 RCS Paris. CARAVANE. Forme : SociÃ©tÃ© par actions simplifiÃ©e. Administration : PrÃ©sident partant : ATTITUDE'S, nomination du PrÃ©sident : FINANCIERE CARAVANE. Capital : 40000 EUR. ActivitÃ© : . Adresse du siÃ¨ge social : 6 rue PavÃ©e, 75004 Paris. Commentaires : modification survenue sur l'administration.
31/01/2012	JAL	Appointment of the social representative

Gazette du palais (La) Date de dÃ©cision : 03/11/2011 SociÃ©tÃ© faisant l'objet d'une nomination : 388312696 - CARAVANE, 6 RUE PAVEE, 75004 PARIS 4 NominÃ© : 534680723 - FINANCIERE CARAVANE, 37 RUE DE SAINT GERMAIN, 78112 FOURQUEUX En la fonction de : PrÃ©sident
31/01/2012	JAL	Resignation / Revocation of the social representative

Gazette du palais (La) Date de dÃ©cision : 03/11/2011 La sociÃ©tÃ© 388312696 - CARAVANE, 6 RUE PAVEE, 75004 PARIS 4 Fait l'objet du dÃ©part de La sociÃ©tÃ© 483444923 - ATTITUDE'S, 37 RUE DE SAINT GERMAIN, 78112, FOURQUEUX
08/12/2011	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1072 - 388 312 696 RCS Paris. CARAVANE. Forme : SociÃ©tÃ© par actions simplifiÃ©e. Administration : PrÃ©sident partant : Dorget, FranÃ§oise, nomination du PrÃ©sident : ATTITUDE'S. Capital : 40000 EUR. ActivitÃ© : . Adresse du siÃ¨ge social : 6 rue PavÃ©e, 75004 Paris. Commentaires : modification survenue sur l'administration.
18/10/2011	JAL	Appointment of the social representative

Affiches parisiennes (Les) SociÃ©tÃ© faisant l'objet d'une nomination : 388312696 - CARAVANE, 6 RUE PAVEE, 75004 PARIS 4 NominÃ© : En la fonction de : PrÃ©sident Date d'effet : 04/10/2011
18/10/2011	JAL	Resignation / Revocation of the social representative

Affiches parisiennes (Les) Date de dÃ©cision : 04/10/2011 La sociÃ©tÃ© 388312696 - CARAVANE, 6 RUE PAVEE, 75004 PARIS 4 Fait l'objet du dÃ©part de Madame FranÃ§oise DORGET Date d'effet : 04/10/2011
16/10/2011	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1319 - 388 312 696 RCS Paris. CARAVANE. Forme : SociÃ©tÃ© par actions simplifiÃ©e. Administration : GÃ©rant partant : Dorget, Francoise, nomination du PrÃ©sident : Dorget, FranÃ§oise. Capital : 40000 EUR. ActivitÃ© : . Adresse du siÃ¨ge social : 6 rue PavÃ©e, 75004 Paris. Commentaires : modification survenue sur la forme juridique et l'administration.
15/10/2011	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 3570 - 388312696 RCS. CARAVANE. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse : 6 rue PavÃ©e 75004 Paris. Commentaires :Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
15/10/2010	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 804 - 388 312 696 RCS Paris. CARAVANE. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Capital : 40000 EUR. Adresse du siÃ¨ge social : 6 rue PavÃ©e, 75004 Paris. Commentaires : modification survenue sur la dÃ©nomination.
29/09/2010	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10224 - 388312696 RCS. FRANCOISE DORGET CIE DITE F D CIE. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse : 6 R PAVEE 75004 PARIS.Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
09/09/2010	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1665 - 388 312 696 RCS Paris. FRANCOISE DORGET CIE DITE F D CIE. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Administration : nomination du Commissaire aux comptes titulaire : Hoang, Eric, nomination du Commissaire aux comptes supplÃ©ant : Arnoux, Ludovic. Capital : 40000 EUR. Adresse du siÃ¨ge social : 6 rue PavÃ©e, 75004 Paris. Commentaires : modification survenue sur l'administration.
22/10/2009	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 4165 - 388312696 RCS. FRANCOISE DORGET CIE DITE F D CIE. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse : 6 rue PavÃ©e 75004 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
17/05/2009	Bodacc A	Vente et cession : Acheteur

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 493 - 388 312 696 RCS Paris. FRANCOISE DORGET CIE DITE F D CIE. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Capital : 40000 EUR. Adresse : 6 rue PavÃ©e, 75004 Paris. Origine du fonds : Fonds acquis par achat au prix stipulÃ© de 140000,00 euros. Etablissement : Etablissement principal. ActivitÃ© : NÃ©goce, fabrication de produits cadre de vie ainsi que toutes prestations de services y affÃ©rents et notamment la dÃ©coration connu sous le nom AGORA. Adresse : 20 rue Saint-Nicolas, 75012 Paris. PrÃ©cÃ©dent propriÃ©taire : DECORATION POSE SERVICE. 407 501 402 RCS Paris. Date de commencement de lâ€™activitÃ© : 06/05/2009. Publication lÃ©gale : Affiches parisiennes du 27/04/2009. Oppositions : ETUDE DE MAITRE Michel HUBERT Notaire Ã PARIS 4 rue Perrault 75001 PARIS pour la validitÃ© . Commentaires : Achat d'un fonds par une personne morale (insertion provisoire).
02/09/2008	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6876 - 388312696 RCS. FRANCOISE DORGET CIE DITE F D CIE. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse : 6 rue PavÃ©e 75004 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
02/08/2007	Bodacc C	Avis de dÃ©pÃ´t des comptes

3514 - 388 312 696. RCS PARIS FRANCOISE DORGET CIE DITE F D CIE. Forme: SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse du siÃ¨ge social: 6 rue PavÃ©e 75004 Paris. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2006.
13/09/2006	Bodacc C	Avis de dÃ©pÃ´t des comptes

1592 - RCS Paris B 388 312 696. RC 92-B 9841. FRANCOISE DORGET CIE DITE F D CIE. Forme: S.A.R.L.. Adresse du siÃ¨ge social: 6, R Pavee,Paris, 75004 Paris. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2005.
03/10/2005	Bodacc C	Avis de dÃ©pÃ´t des comptes

1730 - RCS Paris B 388 312 696. RC 92-B 9841. FRANCOISE DORGET CIE DITE F D CIE. Forme: S.A.R.L.. Adresse du siÃ¨ge social: 6, R Pavee,Paris, 75004 Paris. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2004.
30/08/2001	Bodacc B	Modifications et mutations diverses

RCS Paris B 388312696 RC 92-B 9841 FRANCOISE DORGET COMPAGNIE-F.D. COMPAGNIE. Forme : S.A.R.L. Capital : 40 000 euros Nom commercial: Caravane. Commentaires : modification survenue sur le capital (augmentation).
18/05/1995	Bodacc B	Modifications et mutations diverses

RCS *. RCS Paris B 388 312 696 RC RC 92- B 9841 FRANCOISE DORGET COMPAGNIE dite [0042F.D. COMPAGNIE. Forme : S.A.R. L Nom commercial: Caravane. Adresse du siÃ¨ge social : 6, rue PavÃ©e 75004 Paris Etablissement principal: Adresse : 6, rue PavÃ©e 75004 Paris. Commentaires : modification survenue sur le nom commercial, l'adresse du siÃ¨ge social et de l'Ã©tablissement principal.

Company events history

Date	Description
08/03/2012	Bodacc B: Various editing or changing
22/02/2012	Amendment
22/02/2012	New chairman (CEO, CoB)
31/01/2012	Legal Gazette: Resignation / Revocation of the social representative
08/12/2011	Bodacc B: Various editing or changing
23/11/2011	New chairman (CEO, CoB)
03/11/2011	Legal Gazette: Appointment of the social representative
18/10/2011	Legal Gazette: Resignation / Revocation of the social representative
16/10/2011	Bodacc B: Various editing or changing
15/10/2011	Bodacc C : Deposit accounts notice
04/10/2011	Legal Gazette: Appointment of the social representative
30/09/2011	Updated articles of association
30/09/2011	Minutes of general meeting of shareholders
30/09/2011	New chairman (CEO, CoB)
30/09/2011	New legal form â€“ new category
20/09/2011	Update of Company Legal Form
20/09/2011	Other modification of Establishment (error correction)
16/09/2011	Audit or Management Report
19/08/2011	Consideration of a balance sheet that has led to a reassessment f this company's creditworthiness
31/12/2010	New accounts available
15/10/2010	Bodacc B: Various editing or changing
29/09/2010	Minutes of general meeting of shareholders
29/09/2010	Bodacc C : Deposit accounts notice
29/09/2010	Updated articles of association
29/09/2010	New company name
09/09/2010	Bodacc B: Various editing or changing
01/09/2010	Modification to Company Identifier
01/09/2010	Update of Company Name
24/08/2010	Minutes of general meeting of shareholders
31/12/2009	New accounts available
22/10/2009	Bodacc C : Deposit accounts notice
17/05/2009	Bodacc A : Sale and transfer
31/12/2008	New accounts available
02/09/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
31/12/2006	New accounts available
23/02/2006	Updated articles of association
23/02/2006	Statuts mis Ã jour
23/02/2006	Sale of shares
23/02/2006	Acte sous seing privÃ©
23/02/2006	Private document
23/02/2006	Minutes of general meeting of shareholders
23/02/2006	PV d'AssemblÃ©e
23/02/2006	Cession de parts
31/12/2005	New accounts available
08/09/2005	PV d'AssemblÃ©e
08/09/2005	Modification de l'objet social
08/09/2005	Private document
08/09/2005	Updated articles of association
08/09/2005	Statuts mis Ã jour
08/09/2005	Minutes of general meeting of shareholders
08/09/2005	Acte sous seing privÃ©
08/09/2005	Change to corporate purpose
31/12/2004	New accounts available
31/12/2003	New accounts available
13/08/2001	Augmentation de Capital
13/08/2001	Acte sous seing privÃ©
13/08/2001	Conversion du Capital Social en Euros
13/08/2001	PV d'AssemblÃ©e
13/08/2001	Statuts mis Ã jour
12/07/1999	Reconstitution de l'Actif Net
12/07/1999	Acte modificatif
12/07/1999	PV d'AssemblÃ©e
12/07/1999	Acte sous seing privÃ©
19/06/1998	Cession de parts
19/06/1998	Acte sous seing privÃ©
19/06/1998	PV d'AssemblÃ©e
19/06/1998	Statuts mis Ã jour
19/06/1998	Procuration
26/09/1997	PV d'AssemblÃ©e
26/09/1997	Acte sous seing privÃ©
26/09/1997	Continuation malgrÃ© perte supÃ©rieure Ã la moitiÃ© du capital
02/05/1995	Modification du sigle ou du nom commercial
02/05/1995	Statuts mis Ã jour
02/05/1995	Transfert du SiÃ¨ge dans le ressort du Tribunal de Commerce
02/05/1995	Acte modificatif
02/05/1995	PV d'AssemblÃ©e
10/08/1992	Statuts
10/08/1992	DÃ©claration de conformitÃ©
10/08/1992	Acte sous seing privÃ©
10/08/1992	Formation de SociÃ©tÃ©
10/08/1992	PV d'AssemblÃ©e

Establishment events history

Date	Description
15/02/2012	Update Rating
29/10/2011	Update Rating
24/10/2011	Update of phone numbers
05/10/2011	Update Rating
20/09/2011	Modification of Head office
19/08/2011	Update Limit
25/04/2011	Update Rating
01/09/2010	Modification of Head office
31/08/2010	Update Limit
31/08/2010	Update Rating
29/12/2009	Update Rating
14/09/2009	Update Rating
14/09/2009	Update Limit
06/09/2009	Update Limit
05/09/2009	Update Rating
29/07/2008	Update Limit
18/06/2008	Update Rating
16/12/2007	Update Limit
10/12/2007	Update Limit
09/12/2007	Update Limit
19/06/2007	Update Limit

directors

Shareholder(s)

Name	FINANCIERE CARAVANE
Name of representative
Manager position	PrÃ©sident	Date of birth
Place of birth
Type of manager	Moral person	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 dÃ©tail pour y accÃ©der.

Manager position	Title and name	Date of Birth/Place of Birth
PrÃ©sident	ATTITUDE'S
PrÃ©sident	Mme FRANÃ‡OISE DORGET
GÃ©rant	FRANCOISE DORGET
GÃ©rant	MME FRANCOISE DORGET

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.80
UK Pound	1	Rs.86.53
Euro	1	Rs.68.58

INFORMATION DETAILS

Report Prepared by :

PDT

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

Company name

company details

event history

directors

Previous Directors

Unit