MIRA INFORM REPORT

Report Date :

13.06.2012

IDENTIFICATION DETAILS

Name :	EURO HARDWOOD
Registered Office :	4 Rue Des Dahlias, 57200 Sarreguemines
Country :	France
Financials (as on) :	31.12.2005
Date of Incorporation :	February 1998
Com. Reg. No.:	RCS Sarreguemines B 417 799 954
Legal Form :	Sole Proprietorship Ltd
Line of Business :	Wholesale business of wood and building materials
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
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	A2	A2

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

Company summary

Name

EURO HARDWOOD

SIRET

417 799 954 00017

Trade name	EURO HARDWOOD
Safe Number	FR04837747
Activity (APE)	Commerce de gros (commerce interentreprises) de bois et de matériaux de construction (4673A) (Wholesale business of wood and building materials (4673A))	Legal form	Sole proprietorship Ltd
Phone	09 65 12 40 22	RCS Registration	RCS Sarreguemines B 417 799 954
Fax		Share capital	32,000 Euros
Address	EURO HARDWOOD 4 RUE DES DAHLIAS 57200 SARREGUEMINES	Incorporated Date	02/1998
Nationality	France	Status	Economically active

Last published preferential right

This company is not under monitoring

Current Directors

1

Trading to Date	12/31/2005	12/31/2004	12/31/2003
Turnover	4,656,019 €	3,047,340 €	2,775,098 €
Gross Operating Surplus	0,62 % Turnover	0,65 % Turnover	4,86 % Turnover
Net worth	199,738 €	169,891 €	140,047 €
Employees	0 employee	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) de bois et de matériaux de construction  (4673A)
RCS Registration	RCS Sarreguemines B 417 799 954	Share capital	32,000 Euros
Registration Court	Sarreguemines (57)	Legal form	Sole proprietorship Ltd
Court Registry Number	98 B 00055	EU VAT Number	FR18417799954
Incorporation Date	02/1998	Formation Date	02/1998
Deregistration Date		Last account Date	31/12/2005
Nationality	France

Establishment details

Trade name	EURO HARDWOOD
Activity (APE)	Commerce de gros (commerce interentreprises) de bois et de matériaux de construction  (4673A)	Business Pages FT®
Postal Address	EURO HARDWOOD  4 RUE DES DAHLIAS  57200 SARREGUEMINES	Trading Address	4 RUE DES DAHLIAS  57200 SARREGUEMINES
Telephone	09 65 12 40 22
Fax

Type	Head office (one site company)	Status	Economically active
Formation Date	02/1998	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Store
Location surface	Less than 300 m²	Seasonality

Department	Moselle (57)	Region	Lorraine
District	6	Area	30
City	SARREGUEMINES	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> EURO HARDWOOD <<<  - Commerce de gros (commerce interentreprises) de bois et de matériaux de construction (4673A)  in SARREGUEMINES  (57200)
Secondary establishments

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

0 employee

Company workforce

0 employee

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2005	31/12/2004	31/12/2003
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	-	-	-
Activity Code	4673A	4673A	4673A
Employees	0	0	0

Active account

Annual Accounts	31/12/2005		31/12/2004		31/12/2003	Sector Median2005
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	531	-56,7%	1 226	-45,3%	2 241	52 905	-99,0%
- Intangible assets	0	0%	0	0%	0	46	0%
- Tangible assets	531	-56,7%	1 226	-45,3%	2 241	30 175	-98,2%
- Financial assets	0	0%	0	0%	0	1 532	0%
Net current assets	585 411	22,0%	479 950	-3,1%	495 208	459 737	27,3%
- Stocks	0	0%	0	0%	0	96 149	0%
- Advanced payments	0	22,0%	0	0%	0	0	0%
- Receivables	546 915	59,7%	342 453	26,4%	270 877	213 610	156,0%
- Securities and cash	38 497	-72,0%	137 497	-38,7%	224 331	49 513	-22,2%
- Prepaid expenses	-	-	-	-	-	275,50	-
Accounts of regularization	-2 044	-199,0%	2 064	-90,1%	20 833	0	0%
Total Assets	583 898	20,8%	483 240	-6,8%	518 282	547 839	6,6%

Passive Account

Annual Accounts	31/12/2005		31/12/2004		31/12/2003	Sector Median2005
Shareholders' equity	199 738	17,6%	169 891	21,3%	140 047	139 645	43,0%
Share capital	32 000	0%	32 000	0%	32 000	34 000	-5,9%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	17 697	-48,6%	34 414	65,2%	20 833	0	0%
Liabilities	368 605	32,1%	278 935	-22,0%	357 403	368 313	0,1%
- Financial liabilities	1 158	22,9%	942	75,4%	537	43 669	-97,3%
- Advanced payments received	20 291	0%	0	0%	0	0	0%
- Trade account payables	332 726	29,3%	257 287	-25,9%	347 175	180 751	84,1%
- Tax and social liabilities	6 856	-58,6%	16 575	465,1%	2 933	68 182	-89,9%
- Other debts and fixed assets liabilities	5 432	31,5%	4 131	-38,9%	6 758	4 948	9,8%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	583 898	20,8%	483 240	-6,8%	518 282	547 842	6,6%

Results

Annual Accounts	31/12/2005		31/12/2004		31/12/2003	Sector Median2005
Sales of Goods	4 688 368	47,9%	3 169 754	14,2%	2 775 098	1 094 974	328,2%
Net turnover	4 656 019	52,8%	3 047 340	9,8%	2 775 098	1 087 999	327,9%
- of which net export turnover	4 392 907	61,7%	2 716 485	-2,1%	2 775 098	0	0%
Operating charges	4 643 635	48,4%	3 128 846	13,2%	2 763 754	1 053 887	340,6%
Operating profit/loss	44 733	9,4%	40 908	260,6%	11 344	31 203	43,4%
Financial income	63 492	11,8%	56 801	76,7%	32 145	134	47282,1%
Financial charges	59 730	14,8%	52 007	117,8%	23 875	3 112	1819,3%
Financial profit/loss	3 762	-21,5%	4 794	-42,0%	8 270	-1 135	431,5%
Pretax net operating income	48 495	6,1%	45 702	133,0%	19 614	27 629	75,5%
Extraordinary income	34	-43,3%	60	-96,6%	1 755	1 295	-97,4%
Extraordinary charges	60	1400%	04	0%	0	887	-93,2%
Extraordinary profit/loss	-26	53198,2%	56	-96,8%	1 755	0	0%
Net result	29 847	0,2%	29 801	111,1%	14 116	23 425	27,4%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2005	31/12/2004	31/12/2003
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2005		31/12/2004		31/12/2003
	Grand Total (I to VI)	Net	583 898	20,8%	483 240	-6,8%	518 282
	Gross	CO	587 467	20,8%	486 114	-24,3%	642 555
	Amortisation	1A	3 569	24,2%	2 874	-97,7%	124 273

Non declared distributed capital (I)

		31/12/2005		31/12/2004		31/12/2003
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	-	-	-	-	-

Active fixed asset (II)

			31/12/2005		31/12/2004		31/12/2003
	Total Active fixed asset (II)	Net	531	-56,7%	1 226	-45,3%	2 241
	Gross	BJ	4 100	0%	4 100	0%	4 100
	Amortisation	BK	3 569	24,2%	2 874	54,6%	1 859

Intangilble fixed assets

			31/12/2005		31/12/2004		31/12/2003
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	0	0%	0
	Gross	AF	0	0%	0	0%	0
	Amortisation	AG	0	0%	0	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	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	0	0%	0	0%	0

Tangilble fixed assets

		31/12/2005		31/12/2004		31/12/2003
Lands	Net	0	0%	0	0%	0
Gross	AN	0	0%	0	0%	0
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	0	0%	0	0%	0
Gross	AP	0	0%	0	0%	0
Amortisation	AQ	0	0%	0	0%	0
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	531	-56,7%	1 226	-45,3%	2 241
Gross	AT	4 100	0%	4 100	0%	4 100
Amortisation	AU	3 569	24,2%	2 874	54,6%	1 859
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	531		1 226		2 241

Financial assets

		31/12/2005		31/12/2004		31/12/2003
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	0	0%	0	0%	0
Gross	CU	0	0%	0	0%	0
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	0	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	0	0%	0	0%	0
Gross	BH	0	0%	0	0%	0
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		0		0		0

Current Assets (III)

		31/12/2005		31/12/2004		31/12/2003
Total Assets	Net	585 411	22,0%	479 950	-3,1%	495 208
Gross	CJ	585 411	22,0%	479 950	-22,3%	617 622
Amortisation	CK	0	0%	0	0%	122 414

Stocks

			31/12/2005		31/12/2004		31/12/2003
	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	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	0	0%	0	0%	0

Advance payments to suppliers

			31/12/2005		31/12/2004		31/12/2003
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2005		31/12/2004		31/12/2003
	Trade accounts receivable	Net	536 009	57,0%	341 348	30,1%	262 472
	Gross	BX	536 009	57,0%	341 348	-11,3%	384 886
	Amortisation	BY	0	0%	0	0%	122 414
	Other debtors	Net	10 906	887,0%	1 105	-86,9%	8 405
	Gross	BZ	10 906	887,0%	1 105	-86,9%	8 405
	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	546 915	59,7%	342 453	26,4%	270 877

Divers

			31/12/2005		31/12/2004		31/12/2003
	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	38 497	-72,0%	137 497	-38,7%	224 331
	Gross	CF	38 497	-72,0%	137 497	-38,7%	224 331
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	38 497	-72,0%	137 497	-38,7%	224 331

Prepaid expenses

			31/12/2005		31/12/2004		31/12/2003
	Prepaid expenses	Net	0	0%	0	0%	0
	Gross	CH	0	0%	0	0%	0
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2005		31/12/2004		31/12/2003
Multi-period charges	CW3	0	0%	0	0%	0
Gross		-	-	-	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		-	-	-	-	-
Currency differential gain	CN3	-2 044	-199,0%	2 064	-90,1%	20 833
Gross		-	-	-	-	-

References

		31/12/2005		31/12/2004		31/12/2003
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2005		31/12/2004		31/12/2003
Grand Total (I to V)	EE	583 898	20,8%	483 240	-6,8%	518 282

Shareholder Equity (I)

			31/12/2005		31/12/2004		31/12/2003
	Total shareholders' equity (Total I)	DL	199 738	17,6%	169 891	21,3%	140 047
	Equity and shareholders' equity	DA	32 000	0%	32 000	0%	32 000
	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	3 200	0%	3 200	0%	3 200
	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	134 000	28,8%	104 000	22,4%	85 000
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	691	-22,4%	890	-84,5%	5 731
	Profit or loss for the period	DI	29 847	0,2%	29 801	111,1%	14 116
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2005		31/12/2004		31/12/2003
	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)

			31/12/2005		31/12/2004		31/12/2003
	Total provisions for risks and charges (Total III)	DR	17 697	-48,6%	34 414	65,2%	20 833
	Risk provisions	DP	17 697	-48,6%	34 414	65,2%	20 833
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		31/12/2005		31/12/2004		31/12/2003
Total Liabilities (Total IV)	EC	368 605	32,1%	278 935	-22,0%	357 403
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	691	45,5%	475	578,6%	70
Sundry loans and financial liabilities	DV	467	0%	467	0%	467
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	20 291	0%	0	0%	0
Trade accounts payables	DX	332 726	29,3%	257 287	-25,9%	347 175
Tax and social security liabilities	DY	6 856	-58,6%	16 575	465,1%	2 933
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	7 574	83,3%	4 131	-38,9%	6 758

Translation loss (V)

		31/12/2005		31/12/2004		31/12/2003
Translation loss (Total V)	ED	-2 142	0%	0	0%	0

Equalization accounts

		31/12/2005		31/12/2004		31/12/2003
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2005		31/12/2004		31/12/2003
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	348 314	24,9%	278 935	-22,0%	357 403
Of which current bank facilities	EH	691	45,5%	475	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2005		31/12/2004		31/12/2003
Operating result (Total I-II)	GG	44 733	9,4%	40 908	260,6%	11 344

2 - Financial result (V - VI)

		31/12/2005		31/12/2004		31/12/2003
Financial result (Total V-VI)	GV	3 762	-21,5%	4 794	-42,0%	8 270

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

		31/12/2005		31/12/2004		31/12/2003
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	48 495	6,1%	45 702	133,0%	19 614

4 - Extraordinary result (VII-VIII)

		31/12/2005		31/12/2004		31/12/2003
Extraordinary result (Total VII-VIII)	HI	-26	-146,4%	56	-96,8%	1 755

Profit or loss

		31/12/2005		31/12/2004		31/12/2003
Profit or loss	HN	29 847	0,2%	29 801	111,1%	14 116

Total Income (I+III+V+VII)

		31/12/2005		31/12/2004		31/12/2003
Total Income (I+III+V+VII)	HL	4 751 894	47,3%	3 226 615	14,9%	2 808 999

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

		31/12/2005		31/12/2004		31/12/2003
Total charges (Total II+IV+VI+VIII+IX+X)	HM	4 722 047	47,7%	3 196 814	14,4%	2 794 883

Operating income (I)

		31/12/2005		31/12/2004		31/12/2003
Total operating income (Total I)	FR	4 688 368	47,9%	3 169 754	14,2%	2 775 098

Operating income (details)

			31/12/2005		31/12/2004		31/12/2003
	Sale of goods for resale	FC	4 656 019	52,8%	3 047 340	9,8%	2 775 098
	France	FA	263 112	-20,5%	330 855	0%	0
	Export	FB	4 392 907	61,7%	2 716 485	-2,1%	2 775 098
	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	0	0%	0	0%	0
	France	FG	0	0%	0	0%	0
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	4 656 019	52,8%	3 047 340	9,8%	2 775 098
	France	FJ	263 112	-20,5%	330 855	0%	0
	Export	FK	4 392 907	61,7%	2 716 485	-2,1%	2 775 098
	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	32 350	-73,6%	122 414	0%	0
	Other income	FQ	0	0%	0	0%	0

Operating charges (II)

		31/12/2005		31/12/2004		31/12/2003
Total operating charges (Total II)	GF	4 643 635	48,4%	3 128 846	13,2%	2 763 754

Exploitation charges

		31/12/2005		31/12/2004		31/12/2003
Purchase of goods for resale	FS	3 267 603	43,7%	2 273 552	28,1%	1 774 160
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	1 770	80,2%	982	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	1 344 812	80,1%	746 569	-13,1%	859 181
Tax, duty and similar payments	FX	13 200	102,8%	6 510	-6,7%	6 974
Payroll	FY	0	0%	0	0%	0
Social security costs	FZ	0	0%	0	0%	0

Depreciation

		31/12/2005		31/12/2004		31/12/2003
Depreciation of fixed assets	GA	695	-31,5%	1 015	-1,0%	1 025
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	122 414
Provisions for risks and charges	GD	15 554	-51,9%	32 350	0%	0

Other charges

		31/12/2005		31/12/2004		31/12/2003
Other charges	GE	0	0%	67 869	0%	0

Operating charges (III-IV)

		31/12/2005		31/12/2004		31/12/2003
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)

			31/12/2005		31/12/2004		31/12/2003
	Total financial income (Total V)	GP	63 492	11,8%	56 801	76,7%	32 145
	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	61 428	70,8%	35 968	52,2%	23 635
	Released provisions and transferred charges	GM	2 064	-90,1%	20 833	144,8%	8 510
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2005		31/12/2004		31/12/2003
	Total financial charge (Total VI)	GU	59 730	14,8%	52 007	117,8%	23 875
	Financial reserves and provisions	GQ	2 142	3,8%	2 064	-90,1%	20 833
	Interest and similar charges	GR	56 391	375,6%	11 857	1831,1%	614
	Exchange losses	GS	1 196	-96,9%	38 086	1468,6%	2 428
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/12/2005		31/12/2004		31/12/2003
	Total extraordinary income (Total VII)	HD	34	-43,3%	60	-96,6%	1 755
	Extraordinary operating income	HA	34	-43,3%	60	-96,6%	1 755
	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)

			31/12/2005		31/12/2004		31/12/2003
	Total extraordinary charges (Total VIII)	HH	60	1400%	04	0%	0
	Extraordinary operating charges	HE	60	1400%	04	0%	0
	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)

		31/12/2005		31/12/2004		31/12/2003
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2005		31/12/2004		31/12/2003
Tax on profits (Total X)	HK	18 622	16,7%	15 957	120,0%	7 254

References

		31/12/2005		31/12/2004		31/12/2003
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)

		31/12/2005		31/12/2004		31/12/2003
Gross value at begin of period	OG	4 100	0%	4 100	0%	0
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreasess by budget item transfer	OK1	0	0%	0	0%	0
Decreasess by transfers	OK2	0	0%	0	0%	0
Gross value at the end of period	OL	4 100	0%	4 100	0%	0

Research and development Charge (Total I)

			31/12/2005		31/12/2004		31/12/2003
	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)

			31/12/2005		31/12/2004		31/12/2003
	Gross value at begin of period	KD	0	0%	0	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	0	0%	0	0%	0

Tangible fixed assets (Total III)

			31/12/2005		31/12/2004		31/12/2003
	Gross value at begin of period	LN	4 100	0%	4 100	0%	0
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	4 100	0%	4 100	0%	0

Fiancial assets (Total IV)

		31/12/2005		31/12/2004		31/12/2003
Gross value at begin of period	LQ	0	0%	0	0%	0
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%	0

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

			31/12/2005		31/12/2004		31/12/2003
	Reserve for depreciation value at begin of period	0N	2 874	54,6%	1 859	122,9%	834
Increases		0P	695	-31,5%	1 015	-1,0%	1 025
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	3 569	24,2%	2 874	54,6%	1 859

Research and development charge (Total I)

			31/12/2005		31/12/2004		31/12/2003
	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)

			31/12/2005		31/12/2004		31/12/2003
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	0
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0	0%	0

Total fixed assets amotisation (Total III)

			31/12/2005		31/12/2004		31/12/2003
	Reserve for depreciation value at begin of period	QU	2 874	54,6%	1 859	0%	0
Increases		QV	695	-31,5%	1 015	0%	0
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	3 569	24,2%	2 874	54,6%	1 859

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

			31/12/2005		31/12/2004		31/12/2003
	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

			31/12/2005		31/12/2004		31/12/2003
	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)

			31/12/2005		31/12/2004		31/12/2003
	Value at begining of period	7C	34 414	-76,0%	143 247	0%	0
Increases		UB	17 697	-48,6%	34 414	0%	0
Decreases		UC	34 414	-76,0%	143 247	0%	0
	Value at the end of period	UD	17 697	-48,6%	34 414	0%	0

Includes Total allocations

Operating	UE	15 554	-51,9%	32 350	0%	0
Financial	UG	2 142	3,8%	2 064	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	32 350	-73,6%	122 414	0%	0
Financial	UH	2 064	-90,1%	20 833	144,8%	8 510
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2005		31/12/2004		31/12/2003
	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)

			31/12/2005		31/12/2004		31/12/2003
	Value at begining of period	5Z	34 414	65,2%	20 833	0%	0
Increases		TV	17 697	-48,6%	34 414	0%	0
Decreases		TW	34 414	65,2%	20 833	0%	0
	Value at the end of period	TX	17 697	-48,6%	34 414	0%	0

Total Provision for depreciation (Total III)

			31/12/2005		31/12/2004		31/12/2003
	Value at begining of period	7B	0	0%	122 414	0%	0
Increases		TY	0	0%	0	0%	122 414
Decreases		TZ	0	0%	122 414	0%	0
	Value at the end of period	UA	0	0%	0	0%	122 414

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

		31/12/2005		31/12/2004		31/12/2003
Gross value	VT	546 915	59,7%	342 453	-12,9%	393 291
1 year at most	VU	546 915	59,7%	342 453	-12,9%	393 291
More than one year	VV	0	0%	0	0%	0

State of loans

		31/12/2005		31/12/2004		31/12/2003
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	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2005		31/12/2004		31/12/2003
Customers doubtful or disputed	VA	0	0%	0	0%	367 477
Other claims customer	UX	536 009	57,0%	341 348	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%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	1 131	2,4%	1 105	-86,9%	8 405
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	9 774	0%	0	0%	0

Prepaid

		31/12/2005		31/12/2004		31/12/2003
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/12/2005		31/12/2004		31/12/2003
	Total debt (gross)	VY	348 314	24,9%	278 935	-22,0%	357 403
1 year at most		VZ2	348 314	24,9%	278 935	-22,0%	357 403
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2005		31/12/2004		31/12/2003
	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	691	45,5%	475	578,6%	70
1 year at most		VG2	691	45,5%	475	578,6%	70
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	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	332 726	29,3%	257 287	0%	0
1 year at most		8B2	332 726	29,3%	257 287	-25,9%	347 175
More than 1 year and 5 years at most		8B3	0	0%	0	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	0	0%	0	0%	0
1 year at most		8D2	0	0%	0	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	2 899	-75,0%	11 610	0%	0
1 year at most		8E2	2 899	-75,0%	11 610	334,2%	2 674
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	3 957	-20,3%	4 965	1817,0%	259
1 year at most		VW2	3 957	-20,3%	4 965	1817,0%	259
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%	0
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	467	0%	467	0%	467
1 year at most		VI2	467	0%	467	0%	467
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	7 574	83,3%	4 131	0%	0
1 year at most		8K2	7 574	83,3%	4 131	-38,9%	6 758
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

		31/12/2005		31/12/2004		31/12/2003
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2005		31/12/2004		31/12/2003
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2005		31/12/2004		31/12/2003
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

		31/12/2005		31/12/2004		31/12/2003
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

		31/12/2005		31/12/2004		31/12/2003
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

		31/12/2005		31/12/2004		31/12/2003
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

		31/12/2005		31/12/2004		31/12/2003
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		31/12/2005		31/12/2004		31/12/2003
Groups and Shareholders	ZR	-	-	-	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2005		31/12/2004		31/12/2003	Sector Median2005
Fixed Asset Financing		54,02	6,7%	50,65	27,2%	39,82	2,05	2535,1%
Global Debt		29 days	-12,1%	33 days	-28,3%	46 days	116 days	-75,0%
Working Capital Fund overall net		17 days	-29,2%	24 days	14,3%	21 days	48 days	-64,6%
Financial independence		28905,64%	-19,2%	35766,53%	-82,1%	200067,14%	384,93%	7409,3%
Solvability		34,21%	-2,7%	35,16%	30,1%	27,02%	29,87%	14,5%
Capacity debt futures		28905,64%	-19,2%	35766,53%	-82,1%	200067,14%	1045,59%	2664,5%
Coverage of current assets by net working capital overall		37,13%	-12,4%	42,41%	64,6%	25,77%	33,10%	12,2%
General Liquidity		1,57	27,6%	1,23	11,8%	1,10	0,71	121,1%
Restricted Liquidity		1,68	-2,3%	1,72	-0,6%	1,73	0,99	69,7%

Management or rotation

		31/12/2005		31/12/2004		31/12/2003	Sector Median2005
Need background in operating working capital		14 days	75,0%	8 days	172,7%	-11 days	23 days	-39,1%
Treasury		3 days	-81,2%	16 days	-44,8%	29 days	11 days	-72,7%
Inventory turnover of goods		0 days	0%	0 days	0%	0 days	60,50 days	0%
Average length of credit granted to customers		41 days	2,5%	40 days	-20,0%	50 days	61 days	-32,8%
Average length of credit obtained suppliers		26 days	-16,1%	31 days	-34,0%	47 days	77 days	-66,2%
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	797 days	-
Rotation tangible assets		113561,44%	52,8%	74325,37%	-	%	1002,84%	11224,0%

Profitability of the business

		31/12/2005		31/12/2004		31/12/2003	Sector Median2005
Margin trading		29,82%	17,4%	25,39%	-29,6%	36,07	25,21%	18,3%
Profitability of the business		0,61	-6,2%	0,65	-86,6%	4,86	4,47%	-86,4%
Net profit		0,64%	-34,7%	0,98%	92,2%	0,51%	2,23%	-71,3%
Growth rate of turnover (excluding VAT)		52,79%	438,1%	9,81%	-	%	5,24%	907,4%
Rates integration		0,90%	4,7%	0,86%	-83,2%	5,11%	19,96%	-95,5%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		0%	0%	0%	0%	0%	68,07%	0%
Weight interests		1,28	-25,1%	1,71%	98,8%	0,86%	0,30%	326,7%

Return on capital

	31/12/2005		31/12/2004		31/12/2003	Sector Median2005
Cash flow from the overall profitability	-0,04%	98,9%	-3,62%	-465,7%	0,99%	3,22%	-101,2%
Rates of economic profitability	14%	16,7%	12%	-87,5%	96%	21%	-33,3%
Financial profitability	199738%	17,6%	169891%	21,3%	140047%	131233%	52,2%
Return on investment	44,59%	-6,9%	47,89%	77,2%	27,02%	12,72%	250,6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2005		31/12/2004		31/12/2003	Sector Median2005
Turnover	4 656 019	52,8%	3 047 340	9,8%	2 775 098	1 087 999 €	327,9%

Sales of goods	4 656 019	52,8%	3 047 340	9,8%	2 775 098
- Purchase of goods	3 267 603	43,7%	2 273 552	28,1%	1 774 160
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	1 388 416 €	79,4%	773 788 €	-22,7%	1 000 938 €	249 867 €	455,7%
	29,82 % CA	17,4%	25,39 % CA	-29,6%	36,07 % CA	25,68 % CA	16,1%

Sale of goods produced	0	0%	0	0%	0
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	0 €	0%	0 €	0%	0 €	35 773 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0,00 % CA	2,62 % CA	0%

Trading margin	1 388 416	79,4%	773 788	-22,7%	1 000 938	249 867	455,7%
+ Period Production	0	0%	0	0%	0	35 773	0%
- Purchase of raw materials	1 770	80,2%	982	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	1 344 812	80,1%	746 569	-13,1%	859 181
Added value	41 834 €	59,4%	26 237 €	-81,5%	141 757 €	229 963 €	-81,8%
	0,90 % CA	4,7%	0,86 % CA	-83,2%	5,11 % CA	19,96 % CA	-95,5%

Added value	41 834 €	59,4%	26 237 €	-81,5%	141 757 €	229 963 €	-81,8%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	13 200	102,8%	6 510	-6,7%	6 974
- Personal charges	0	0%	0	0%	0
Gross operating surplus	28 634 €	45,2%	19 727 €	-85,4%	134 783 €	44 104 €	-35,1%
	0,61 % CA	-6,2%	0,65 % CA	-86,6%	4,86 % CA	4,47 % CA	-86,4%

Gross operating surplus	28 634 €	45,2%	19 727 €	-85,4%	134 783 €	44 104 €	-35,1%
+ Release of reserves and provisions	32 350	-73,6%	122 414	0%	0
+ Other operating income	0	0%	0	0%	0
- Depreciation/Amortisation	16 249	-51,3%	33 365	-73,0%	123 439
- Other charges	0	0%	67 869	0%	0
Operating result	44 735 €	9,4%	40 907 €	260,6%	11 344 €	31 117 €	43,8%
	0,96 % CA	-28,4%	1,34 % CA	226,8%	0,41 % CA	3,15 % CA	-69,5%

Operating result	44 735 €	9,4%	40 907 €	260,6%	11 344 €	31 117 €	43,8%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	63 492	11,8%	56 801	76,7%	32 145
- Financial charges	59 730	14,8%	52 007	117,8%	23 875
Pre-tax result	48 497 €	6,1%	45 701 €	133,0%	19 614 €	27 433 €	76,8%
	1,04 % CA	-30,7%	1,50 % CA	111,3%	0,71 % CA	2,79 % CA	-62,7%

Extraordinary income	34	-43,3%	60	-96,6%	1 755	1 291	-97,4%
- Extraordinary charges	60	1400%	04	0%	0
Extraordinary result	-26 €	-146,4%	56 €	-96,8%	1 755 €	0 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	48 497 €	6,1%	45 701 €	133,0%	19 614 €	27 433 €	76,8%
Extraordinary result	-26 €	-146,4%	56 €	-96,8%	1 755 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	18 622	16,7%	15 957	120,0%	7 254
Net result	29 849 €	0,2%	29 800 €	111,1%	14 115 €	23 244 €	28,4%
	0,64 % CA	-34,7%	0,98 % CA	92,2%	0,51 % CA	2,22 % CA	-71,2%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

This company is not identified as one of the biggest french chip.

Linkages

This company is not identified as one of the biggest french chip.

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
07/11/2006	Bodacc C	Avis de dépôt des comptes
949 - RCS Sarreguemines B 417 799 954. EURO HARDWOOD. Forme: S.A.R.L.. Adresse du siège social: 4, rue des Dahlias,57200 Sarreguemines. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
07/11/2006	Bodacc C	Avis de dépôt des comptes
950 - RCS Sarreguemines B 417 799 954. EURO HARDWOOD. Forme: S.A.R.L.. Adresse du siège social: 4, rue des Dahlias,57200 Sarreguemines. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
02/03/2001	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Sarreguemines B 417799954 RC 98-B 55 EURO HARDWOOD. Forme : S.A.R.L. Capital : 50 000 F Nom commercial: Euro Hardwood. Adresse : 4 rue des Dahlias, 57200 Sarreguemines Nouvelle situation du siège social. Capital : 32 000 euros. Date d'effet : 8 décembre 2000.
23/05/1998	Bodacc A	Création d'établissement
RCS Sarreguemines B 417 799 954 A dater du: 26 février 1998 RC 98-B 55 EURO HARDWOOD. Forme : S.A.R.L. Capital : 50 000 F (fixe) Nom commercial: Euro Hardwood. Adresse du siège social : 4 rue des Dahlias, 57200 Sarreguemines. Administration : gérant : GERSTNER RIEWER (Adolf) Cette société se constitue Etablissement principal: Activité : achat et négoce de bois , de produits dérivés et de tous produits similaires. Adresse : 4 rue des Dahlias, 57200 Sarreguemines Date de début d' activité: 1er février 1998.

Company events history

Date	Description
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
27/12/2000	PV d'Assemblée
27/12/2000	Nomination/démission des organes de gestion
27/12/2000	Certificat de dépôt des fonds
27/12/2000	Statuts mis à jour
27/12/2000	Acte sous seing privé
27/12/2000	Augmentation de Capital
27/12/2000	Conversion du Capital Social en Euros
26/02/1998	Formation de Société
26/02/1998	Acte sous seing privé
26/02/1998	Statuts

Establishment events history

Date	Description
16/02/2012	Update Rating
04/12/2011	Update Rating
04/12/2011	Update Limit
15/07/2011	Update Limit
15/07/2011	Update Rating
28/06/2011	Update of phone numbers
04/04/2010	Update Rating
04/01/2010	Update Limit
30/12/2009	Update Rating
16/12/2007	Update Limit

directors

Name	M. GERSTNER RIEWER ADOLF
Manager position	Gérant	Date of birth	09/05/1954
Place of birth	VOLKLINGEN ALLEMAGNE
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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.05
UK Pound	1	Rs.86.69
Euro	1	Rs.69.98

INFORMATION DETAILS

Report Prepared by :

MNL

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.