MIRA INFORM REPORT

Report Date :

14.03.2012

IDENTIFICATION DETAILS

Name :	SA LES SILOS DE TOURTOULEN
Registered Office :	Dom De Tourtoulen Giraud Et Tourtoulen 13200 Arles
Country :	France
Financials (as on) :	31.08.2010
Date of Incorporation :	July 1989
Com. Reg. No.:	RCS Arles B 351 422 829
Legal Form :	Public Limited Company with Board of Directors
Line of Business :	Wholesale (business to business) of grain, unmanufactured tobacco, seeds and animal feeds
No. of Employees :	18

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Maximum Credit Limit :	490,000 Euro
Status :	Good
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
France	A1	A1

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

REGISTERED NAME & COMPANY SUMMARY

Name

SA LES SILOS DE TOURTOULEN

SIRET

351 422 829 00017

Company Summary

Activity (APE)	Wholesale (business to business) of grain, unmanufactured tobacco, seeds and animal feeds (4621Z)	Legal form	Public limited company with board of directors
Phone	04 90 97 21 24	RCS Registration	RCS Arles B 351 422 829
Fax	04 90 97 22 14	Share capital	1,435,030 Euros
Address	SA LES SILOS DE TOURTOULEN DOM DE TOURTOULEN GIRAUD ET TOURTOULEN 13200 ARLES	Incorporated Date	07/1989
Nationality	France	Status	Economically active

Current Directors

3

Trading to Date	08/31/2010	08/31/2009	08/31/2008
Turnover	14,895,547 €	13,829,859 €	14,026,294 €
Gross Operating Surplus	5,22 % Turnover	4,72 % Turnover	6,39 % Turnover
Net worth	1,535,615 €	1,538,478 €	1,572,039 €
Employees	3 to 5 employees	-	-

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) de céréales, de tabac non manufacturé, de semences et d'aliments pour le bétail  (4621Z)
RCS Registration	RCS Arles B 351 422 829	Share capital	1,435,030 Euros
Registration Court	Arles (13)	Legal form	Public limited company with board of directors
Court Registry Number	89 B 00094	EU VAT Number	FR40351422829
Incorporation Date	07/1989	Formation Date	07/1989
Deregistration Date		Last account Date	31/08/2010
Nationality	France

CREDIT RECOMENDATION

Current Credit Limit: 490,000 Euro

DIRECTORS/MANAGEMENT

directors

Name	M. LACROTTE FLORIAN
Manager position	Président Directeur Général, Administrateur	Date of birth	07/06/1955
Place of birth	ARLES
Type of manager	Individual	Name at birth of manager

Name	MME. MAZET CHRISTINE
Manager position	Administrateur	Date of birth	25/06/1967
Place of birth	ARLES
Type of manager	Individual	Name at birth of manager	MANDROLINI

Name	M. MANDROLINI SYLVAIN
Manager position	Directeur général délégué, Administrateur	Date of birth	21/04/1950
Place of birth	ARLES
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

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

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.

FINANCIAL INFORMATION

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/08/2010	31/08/2009	31/08/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	18/03/2011	16/03/2010	-
Activity Code	4621Z	4621Z	4621Z
Employees	18	0	16

Active account

Annual Accounts	31/08/2010		31/08/2009		31/08/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	3 344 241	-8,1%	3 637 618	-0,4%	3 653 668	115 772	2788,6%
- Intangible assets	01	0%	01	0%	01	899,50	-99,9%
- Tangible assets	2 897 619	-9,8%	3 213 532	-8,4%	3 506 527	58 420,50	4859,9%
- Financial assets	446 621	5,3%	424 085	188,2%	147 140	1 500	29674,7%
Net current assets	8 918 134	1,2%	8 809 473	58,3%	5 565 463	573 555,50	1454,9%
- Stocks	3 870 010	-33,2%	5 794 153	75,1%	3 309 518	67 363	5645,0%
- Advanced payments	0	1,2%	0	0%	0	0	0%
- Receivables	4 933 775	88,8%	2 612 539	30,5%	2 001 251	294 097	1577,6%
- Securities and cash	114 349	-71,6%	402 781	58,1%	254 694	59 687	91,6%
- Prepaid expenses	-	-	-	-	-	229,50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	12 262 377	-1,5%	12 447 091	35,0%	9 219 132	737 692	1562,3%

Passive Account

Annual Accounts	31/08/2010		31/08/2009		31/08/2008	Sector Median 2010
Shareholders' equity	1 535 615	-0,2%	1 538 478	-2,1%	1 572 039	227 330,50	575,5%
Share capital	1 435 030	0%	1 435 030	0%	1 435 030	40 000	3487,6%
Other capital resources	1 028 000	0%	1 028 000	-2,1%	1 050 550	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	9 698 763	-1,8%	9 880 612	49,8%	6 596 543	447 710,50	2066,3%
- Financial liabilities	6 045 533	-3,8%	6 284 717	39,2%	4 516 058	108 952	5448,8%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	2 789 379	-17,7%	3 387 319	87,3%	1 808 054	167 490,50	1565,4%
- Tax and social liabilities	252 109	24,0%	203 384	-19,8%	253 467	59 775,50	321,8%
- Other debts and fixed assets liabilities	611 742	11682,4%	5 192	-72,6%	18 964	11 901,50	5040,0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	12 262 376	-1,5%	12 447 091	35,0%	9 219 132	737 692	1562,3%

Results

Annual Accounts	31/08/2010		31/08/2009		31/08/2008	Sector Median 2010
Sales of Goods	13 655 334	-14,4%	15 959 371	10,0%	14 506 431	1 600 113	753,4%
Net turnover	14 895 547	7,7%	13 829 859	-1,4%	14 026 294	1 585 879,50	839,3%
- of which net export turnover	6 693 906	0%	0	0%	6 184 167	0	0%
Operating charges	13 319 252	-15,5%	15 768 221	12,5%	14 021 502	1 559 102,50	754,3%
Operating profit/loss	336 082	75,8%	191 150	-60,6%	484 929	29 311	1046,6%
Financial income	109 998	-30,4%	158 054	-5,0%	166 445	877,50	12435,4%
Financial charges	444 433	12,2%	396 210	4,4%	379 527	5 318,50	8256,4%
Financial profit/loss	-334 435	-40,4%	-238 156	-11,8%	-213 082	-1 165,50	-28594,6%
Pretax net operating income	1 647	103,5%	-47 006	-117,3%	271 847	25 972	-93,7%
Extraordinary income	40 597	-6,7%	43 510	45,2%	29 975	1 594,50	2446,1%
Extraordinary charges	0	0%	92	-99,9%	94 944	512	0%
Extraordinary profit/loss	40 597	-37,6%	43 418	166,8%	-64 969	0	0%
Net result	27 110	856,0%	-3 586	-102,7%	134 914	25 952	4,5%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/08/2010	31/08/2009	31/08/2008
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/08/2010		31/08/2009		31/08/2008
	Grand Total (I to VI)	Net	12 262 377	-1,5%	12 447 091	35,0%	9 219 132
	Gross	CO	14 876 966	1,1%	14 714 544	33,5%	11 025 842
	Amortisation	1A	2 614 589	15,3%	2 267 453	25,5%	1 806 711

Non declared distributed capital (I)

		31/08/2010		31/08/2009		31/08/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

			31/08/2010		31/08/2009		31/08/2008
	Total Active fixed asset (II)	Net	3 344 241	-8,1%	3 637 618	-0,4%	3 653 668
	Gross	BJ	5 951 209	1,9%	5 839 376	7,1%	5 452 757
	Amortisation	BK	2 606 968	18,4%	2 201 758	22,4%	1 799 089

Intangilble fixed assets

			31/08/2010		31/08/2009		31/08/2008
	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	0	0%	0	0%	0
	Gross	AF	1 524	0%	0	0%	1 524
	Amortisation	AG	1 524	0%	0	0%	1 524
	Goodwill	Net	01	0%	01	0%	01
	Gross	AH	01	0%	01	0%	01
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	1 524	0%	0
	Amortisation	AK	0	0%	1 524	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	01	0%	01	0%	01

Tangilble fixed assets

			31/08/2010		31/08/2009		31/08/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	791 737	-8,1%	861 076	-7,5%	930 416
	Gross	AP	1 158 980	0%	1 158 980	0%	1 158 980
	Amortisation	AQ	367 243	23,3%	297 904	30,3%	228 564
	Plant	Net	2 076 446	-11,4%	2 344 100	-8,5%	2 562 188
	Gross	AR	4 255 072	1,6%	4 188 659	2,6%	4 081 452
	Amortisation	AS	2 178 626	18,1%	1 844 559	21,4%	1 519 264
	Other tangible fixed assets	Net	26 969	358,0%	5 889	-57,7%	13 923
	Gross	AT	86 544	35,9%	63 660	0%	63 660
	Amortisation	AU	59 575	3,1%	57 771	16,2%	49 737
	Fixed assets in construction	Net	2 467	0%	0	0%	0
	Gross	AV	2 467	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	2 467	0%	0
	Gross	AX	0	0%	2 467	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	2 897 619		3 213 532		3 506 527

Financial assets

			31/08/2010		31/08/2009		31/08/2008
	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	105 165	-68,0%	328 960	430,5%	62 015
	Gross	CU	105 165	-68,0%	328 960	430,5%	62 015
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	202 061	0%	0	0%	0
	Gross	BB	202 061	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	139 395	46,5%	95 125	11,7%	85 125
	Gross	BH	139 395	46,5%	95 125	11,7%	85 125
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		446 621		424 085		147 140

Current Assets (III)

			31/08/2010		31/08/2009		31/08/2008
	Total Assets	Net	8 918 134	1,2%	8 809 473	58,3%	5 565 463
	Gross	CJ	8 925 756	0,6%	8 875 168	59,3%	5 573 085
	Amortisation	CK	7 622	-88,4%	65 695	761,9%	7 622

Stocks

			31/08/2010		31/08/2009		31/08/2008
	Raw materials	Net	2 343 997	-21,8%	2 996 187	14,3%	2 622 206
	Gross	BL	2 343 997	-21,8%	2 996 187	14,3%	2 622 206
	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	1 488 366	-46,8%	2 797 966	307,1%	687 312
	Gross	BR	1 488 366	-46,8%	2 797 966	307,1%	687 312
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	37 647	0%	0	0%	0
	Gross	BT	37 647	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	3 870 010	-33,2%	5 794 153	75,1%	3 309 518

Advance payments to suppliers

			31/08/2010		31/08/2009		31/08/2008
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/08/2010		31/08/2009		31/08/2008
	Trade accounts receivable	Net	4 111 643	129,0%	1 795 242	36,8%	1 312 636
	Gross	BX	4 119 265	121,4%	1 860 937	41,0%	1 320 258
	Amortisation	BY	7 622	-88,4%	65 695	761,9%	7 622
	Other debtors	Net	499 923	16,5%	428 967	-36,4%	674 134
	Gross	BZ	499 923	16,5%	428 967	-36,4%	674 134
	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	4 611 566	107,3%	2 224 209	12,0%	1 986 770

Divers

			31/08/2010		31/08/2009		31/08/2008
	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	114 349	-71,6%	402 781	58,1%	254 694
	Gross	CF	114 349	-71,6%	402 781	58,1%	254 694
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	114 349	-71,6%	402 781	58,1%	254 694

Prepaid expenses

			31/08/2010		31/08/2009		31/08/2008
	Prepaid expenses	Net	322 209	-17,0%	388 330	2581,7%	14 481
	Gross	CH	322 209	-17,0%	388 330	2581,7%	14 481
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/08/2010		31/08/2009		31/08/2008
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

		31/08/2010		31/08/2009		31/08/2008
Due within one year	CP	202 061	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)

		31/08/2010		31/08/2009		31/08/2008
Grand Total (I to V)	EE	12 262 376	-1,5%	12 447 091	35,0%	9 219 132

Shareholder Equity (I)

			31/08/2010		31/08/2009		31/08/2008
	Total shareholders' equity (Total I)	DL	1 535 615	-0,2%	1 538 478	-2,1%	1 572 039
	Equity and shareholders' equity	DA	1 435 030	0%	1 435 030	0%	1 435 030
	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	21 319	0%	21 319	0%	21 319
	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	147 418	0%	147 418	0%	147 418
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-185 183	-2,0%	-181 597	42,6%	-316 510
	Profit or loss for the period	DI	27 110	856,0%	-3 586	-102,7%	134 914
	Investment grants	DJ	89 921	-25,0%	119 894	-20,0%	149 868
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/08/2010		31/08/2009		31/08/2008
	Total other capital resources (Total II)	DO	1 028 000	0%	1 028 000	-2,1%	1 050 550
	Income from participating securities	DM	1 028 000	0%	1 028 000	-2,1%	1 050 550
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/08/2010		31/08/2009		31/08/2008
	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)

			31/08/2010		31/08/2009		31/08/2008
	Total Liabilities (Total IV)	EC	9 698 763	-1,8%	9 880 612	49,8%	6 596 543
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	1 033 935	0%	0
	Bank loans and liabilities	DU	5 943 367	15,4%	5 148 616	16,4%	4 421 534
	Sundry loans and financial liabilities	DV	102 166	0%	102 166	8,1%	94 524
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	2 789 379	-17,7%	3 387 319	87,3%	1 808 054
	Tax and social security liabilities	DY	252 109	24,0%	203 384	-19,8%	253 467
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	611 742	11682,4%	5 192	-72,6%	18 964

Translation loss (V)

		31/08/2010		31/08/2009		31/08/2008
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/08/2010		31/08/2009		31/08/2008
Deferred income	EB	0	0%	0	0%	0

References

		31/08/2010		31/08/2009		31/08/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	9 180 079	0%	0	0%	5 567 246
Of which current bank facilities	EH	5 180 971	0%	0	0%	3 095 322

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)

		31/08/2010		31/08/2009		31/08/2008
Operating result (Total I-II)	GG	336 082	75,8%	191 150	-60,6%	484 929

2 - Financial result (V - VI)

		31/08/2010		31/08/2009		31/08/2008
Financial result (Total V-VI)	GV	-334 435	-40,4%	-238 156	-11,8%	-213 082

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

		31/08/2010		31/08/2009		31/08/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	1 647	103,5%	-47 006	-117,3%	271 847

4 - Extraordinary result (VII-VIII)

		31/08/2010		31/08/2009		31/08/2008
Extraordinary result (Total VII-VIII)	HI	40 597	-6,5%	43 418	166,8%	-64 969

Profit or loss

		31/08/2010		31/08/2009		31/08/2008
Profit or loss	HN	27 110	856,0%	-3 586	-102,7%	134 914

Total Income (I+III+V+VII)

		31/08/2010		31/08/2009		31/08/2008
Total Income (I+III+V+VII)	HL	13 805 929	-14,6%	16 160 935	9,9%	14 702 851

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

		31/08/2010		31/08/2009		31/08/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	13 778 819	-14,8%	16 164 523	11,0%	14 567 937

Operating income (I)

		31/08/2010		31/08/2009		31/08/2008
Total operating income (Total I)	FR	13 655 334	-14,4%	15 959 371	10,0%	14 506 431

Operating income (details)

			31/08/2010		31/08/2009		31/08/2008
	Sale of goods for resale	FC	1 345 822	38,1%	974 282	13,7%	856 542
	France	FA	1 307 456	34,2%	974 282	14,0%	854 445
	Export	FB	38 366	0%	0	0%	2 097
	Sale of goods produced	FF	13 276 296	3,3%	12 855 577	-1,7%	13 074 612
	France	FD	6 622 396	-48,5%	12 855 577	86,4%	6 898 337
	Export	FE	6 653 900	0%	0	0%	6 176 275
	Sale of services	FI	273 429	0%	0	0%	95 140
	France	FG	271 789	0%	0	0%	89 345
	Export	FH	1 640	0%	0	0%	5 795
	Net turnover	FL	14 895 547	7,7%	13 829 859	-1,4%	14 026 294
	France	FJ	8 201 641	-40,7%	13 829 859	76,4%	7 842 127
	Export	FK	6 693 906	0%	0	0%	6 184 167
	Stocked production	FM	-1 309 600	-162,0%	2 110 654	351,6%	467 422
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	12 705
	Release of reserves and provisions	FP	69 380	0%	0	0%	0
	Other income	FQ	07	-100,0%	18 858	188480,0%	10

Operating charges (II)

		31/08/2010		31/08/2009		31/08/2008
Total operating charges (Total II)	GF	13 319 252	-15,5%	15 768 221	12,5%	14 021 502

Exploitation charges

		31/08/2010		31/08/2009		31/08/2008
Purchase of goods for resale	FS	1 080 836	17,1%	922 848	9,2%	845 328
Change in stocks of goods for resale	FT	-37 647	0%	0	0%	0
Purchase of raw materials	FU	8 401 869	-31,1%	12 192 037	17,0%	10 420 066
Change in stocks of raw materials	FV	652 190	274,4%	-373 981	-997,6%	41 665
Other external purchases and charges	FW	1 908 156	4,1%	1 833 088	17,4%	1 561 999
Tax, duty and similar payments	FX	173 265	-10,1%	192 638	-18,2%	235 432
Payroll	FY	483 177	23,6%	391 032	1,6%	384 721
Social security costs	FZ	146 608	12,2%	130 615	8,5%	120 409

Depreciation

		31/08/2010		31/08/2009		31/08/2008
Depreciation of fixed assets	GA	408 056	-11,4%	460 742	14,1%	403 861
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	7 622
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/08/2010		31/08/2009		31/08/2008
Other charges	GE	102 742	435,1%	19 202	4700,5%	400

Operating charges (III-IV)

		31/08/2010		31/08/2009		31/08/2008
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)

			31/08/2010		31/08/2009		31/08/2008
	Total financial income (Total V)	GP	109 998	-30,4%	158 054	-5,0%	166 445
	Share financial income	GJ	14	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	26 186	-83,4%	158 054	2095,8%	7 198
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	83 798	0%	0	0%	159 247
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/08/2010		31/08/2009		31/08/2008
	Total financial charge (Total VI)	GU	444 433	12,2%	396 210	4,4%	379 527
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	236 575	-40,3%	396 210	6,2%	373 125
	Exchange losses	GS	207 858	0%	0	0%	6 402
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/08/2010		31/08/2009		31/08/2008
	Total extraordinary income (Total VII)	HD	40 597	-6,7%	43 510	45,2%	29 975
	Extraordinary operating income	HA	10 623	0%	0	0%	01
	Extraordinary income from capital transactions	HB	29 974	-31,1%	43 510	45,2%	29 974
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/08/2010		31/08/2009		31/08/2008
	Total extraordinary charges (Total VIII)	HH	0	0%	92	-99,9%	94 944
	Extraordinary operating charges	HE	0	0%	0	0%	94 944
	Extraordinary charges from capital transactions	HF	0	0%	92	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/08/2010		31/08/2009		31/08/2008
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/08/2010		31/08/2009		31/08/2008
Tax on profits (Total X)	HK	15 134	0%	0	0%	71 964

References

		31/08/2010		31/08/2009		31/08/2008
Of which equipment leases	HP	70 722	0%	0	0%	121 403
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	11 306	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	2 855	0%	0	0%	387

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)

			31/08/2010		31/08/2009		31/08/2008
	Gross value at begin of period	OG	0	0%	0	0%	5 441 925
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	11 208
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	34 331	0%	0	0%	376
	Gross value at the end of period	OL	5 951 210	0%	0	0%	5 452 757

Research and development Charge (Total I)

			31/08/2010		31/08/2009		31/08/2008
	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)

			31/08/2010		31/08/2009		31/08/2008
	Gross value at begin of period	KD	1 525	0%	0	0%	1 525
	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	1 525	0%	0	0%	1 525

Tangible fixed assets (Total III)

			31/08/2010		31/08/2009		31/08/2008
	Gross value at begin of period	LN	5 413 766	0%	0	0%	5 292 884
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	92 143	0%	0	0%	11 208
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	2 847	0%	0	0%	0
	Gross value at the end of period	NH	5 503 062	0%	0	0%	5 304 092

Fiancial assets (Total IV)

			31/08/2010		31/08/2009		31/08/2008
	Gross value at begin of period	LQ	424 085	0%	0	0%	147 516
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	54 020	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	31 484	0%	0	0%	376
	Gross value at the end of period	NK	446 621	0%	0	0%	147 140

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

			31/08/2010		31/08/2009		31/08/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	1 395 229
Increases		0P	0	0%	0	0%	403 861
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	1 799 090

Research and development charge (Total I)

			31/08/2010		31/08/2009		31/08/2008
	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)

			31/08/2010		31/08/2009		31/08/2008
	Reserve for depreciation value at begin of period	PE	1 524	0%	0	0%	1 524
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	1 524	0%	0	0%	1 524

Total fixed assets amotisation (Total III)

			31/08/2010		31/08/2009		31/08/2008
	Reserve for depreciation value at begin of period	QU	2 200 234	0%	0	0%	1 393 705
Increases		QV	408 056	0%	0	0%	403 861
Decreases		QW	2 847	0%	0	0%	0
	Decreasess by budget item transfer	QX	2 605 443	0%	0	0%	1 797 566

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

			31/08/2010		31/08/2009		31/08/2008
	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

			31/08/2010		31/08/2009		31/08/2008
	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)

			31/08/2010		31/08/2009		31/08/2008
	Value at begining of period	7C	65 698	0%	0	0%	43 803
Increases		UB	0	0%	0	0%	7 622
Decreases		UC	58 074	0%	0	0%	43 803
	Value at the end of period	UD	7 624	0%	0	0%	7 622

Includes Total allocations

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

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			31/08/2010		31/08/2009		31/08/2008
	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)

			31/08/2010		31/08/2009		31/08/2008
	Value at begining of period	5Z	0	0%	0	0%	43 803
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	43 803
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/08/2010		31/08/2009		31/08/2008
	Value at begining of period	7B	65 695	0%	0	0%	0
Increases		TY	0	0%	0	0%	7 622
Decreases		TZ	58 074	0%	0	0%	0
	Value at the end of period	UA	7 621	0%	0	0%	7 622

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

		31/08/2010		31/08/2009		31/08/2008
Gross value	VT	5 282 852	0%	0	0%	2 093 999
1 year at most	VU	5 143 457	0%	0	0%	2 008 874
More than one year	VV	139 395	0%	0	0%	85 125

State of loans

		31/08/2010		31/08/2009		31/08/2008
Claims related to holdings (gross)	UL	202 061	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	202 061	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	139 395	0%	0	0%	85 125
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/08/2010		31/08/2009		31/08/2008
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	4 119 265	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
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	499 923	0%	0	0%	0

Prepaid

		31/08/2010		31/08/2009		31/08/2008
Prepaid	VS	322 209	0%	0	0%	14 481

State Debt

			31/08/2010		31/08/2009		31/08/2008
	Total debt (gross)	VY	9 698 761	0%	0	0%	6 596 543
1 year at most		VZ2	9 180 078	0%	0	0%	5 567 246
More than 1 year and 5 years at most		VZ3	518 683	0%	0	0%	875 282
More than 5 years		VZ4	0	0%	0	0%	154 015

Details

			31/08/2010		31/08/2009		31/08/2008
	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	5 943 367	0%	0	0%	0
1 year at most		VG2	5 424 684	0%	0	0%	0
More than 1 year and 5 years at most		VG3	518 683	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	4 421 534
1 year at most		VH2	0	0%	0	0%	3 392 237
More than 1 year and 5 years at most		VH3	0	0%	0	0%	875 282
	Loans and various financial liabilities (gross)	8A1	102 166	0%	0	0%	94 524
1 year at most		8A2	102 166	0%	0	0%	94 524
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	2 789 379	0%	0	0%	1 808 054
1 year at most		8B2	2 789 379	0%	0	0%	1 808 054
More than 1 year and 5 years at most		8B3	2 789 379	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	252 109	0%	0	0%	253 467
1 year at most		8D2	252 109	0%	0	0%	253 467
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	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	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	611 741	0%	0	0%	18 964
1 year at most		8K2	611 741	0%	0	0%	18 964
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

		31/08/2010		31/08/2009		31/08/2008
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/08/2010		31/08/2009		31/08/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/08/2010		31/08/2009		31/08/2008
Commitments leasing furniture	YQ	0	0%	0	0%	164 923
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

		31/08/2010		31/08/2009		31/08/2008
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

		31/08/2010		31/08/2009		31/08/2008
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

		31/08/2010		31/08/2009		31/08/2008
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

		31/08/2010		31/08/2009		31/08/2008
Average number of employees	YP	18	0%	0	0%	16

Groups and Shareholders

		31/08/2010		31/08/2009		31/08/2008
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

		31/08/2010		31/08/2009		31/08/2008	Sector Median 2010
Fixed Asset Financing		1,01	-46,6%	1,89	76,6%	1,07	1,70	-40,6%
Global Debt		234 days	-8,9%	257 days	52,1%	169 days	101 days	131,7%
Working Capital Fund overall net		2 days	-98,5%	136 days	1260,0%	10 days	56 days	-96,4%
Financial independence		25,84%	3,9%	24,88%	-30,0%	35,55%	209,14%	-87,6%
More ratios
Solvability		20,91%	1,4%	20,62%	-27,5%	28,45%	35,44%	-41,0%
Capacity debt futures		23,76%	-	%	-	46,34%	493,25%	-95,2%
Coverage of current assets by net working capital overall		0,98%	-98,4%	61,43%	776,3%	7,01%	44,14%	-97,8%
General Liquidity		0,56	-		-	0,36	0,82	-31,7%
Restricted Liquidity		0,57	-		-	0,41	1,13	-49,6%

Management or rotation

		31/08/2010		31/08/2009		31/08/2008	Sector Median 2010
Need background in operating working capital		117 days	1,7%	115 days	38,6%	83 days	35 days	234,3%
Treasury		-122 days	-1320,0%	10 days	113,7%	-73 days	6 days	-2133,3%
Inventory turnover of goods		13 days	0%	0 days	0%	0 days	24 days	-45,8%
Average length of credit granted to customers		100 days	108,3%	48 days	41,2%	34 days	52 days	92,3%
Average length of credit obtained suppliers		84 days	0%	84 days	64,7%	51 days	40 days	110,0%
More ratios
Inventory turnover of raw materials in industrial enterprises		100 days	13,6%	88 days	-3,3%	91 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		271 days	-	days	-	264 days	359 days	-24,5%
Rotation tangible assets		270,68%	-	%	-	264,44%	559,93%	-51,7%

Profitability of the business

		31/08/2010		31/08/2009		31/08/2008	Sector Median 2010
Margin trading		2,03%	448,6%	0,37%	362,5%	0,08	16,13%	-87,4%
Profitability of the business		5,22	10,6%	4,72	-26,1%	6,39	3,25%	60,6%
Net profit		0,18%	700%	-0,03%	-103,1%	0,96%	1,48%	-87,8%
More ratios
Growth rate of turnover (excluding VAT)		7,71%	650,7%	-1,40%	-104,1%	34,22%	-5,68%	235,7%
Rates integration		10,61%	7,4%	9,88%	-14,7%	11,58%	11,96%	-11,3%
Rate leasing furniture		0,47%	0%	0%	0%	0,87%	0%	0%
Work Factor		39,85%	4,4%	38,17%	22,8%	31,09%	57,02%	-30,1%
Weight interests		2,98	4,2%	2,86%	5,5%	2,71%	0,34%	776,5%

Return on capital

		31/08/2010		31/08/2009		31/08/2008	Sector Median 2010
Cash flow from the overall profitability		2,72%	-9,0%	2,99%	-17,6%	3,63%	2,60%	4,6%
Rates of economic profitability		9%	28,6%	7%	-46,2%	13%	12%	-25,0%
Financial profitability		2563615%	-0,1%	2566478%	-2,1%	2622589%	215075%	1092,0%
Return on investment		5,48%	23,4%	4,44%	-38,4%	7,21%	8,03%	-31,8%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/08/2010		31/08/2009		31/08/2008	Sector Median 2010
Turnover	14 895 547	7,7%	13 829 859	-1,4%	14 026 294	1 585 880 €	839,3%

Sales of goods	1 345 822	38,1%	974 282	13,7%	856 542
- Purchase of goods	1 080 836	17,1%	922 848	9,2%	845 328
+/- Stock of goods variation	-37 647	0%	0	0%	0
Trading margin	302 633 €	488,4%	51 434 €	358,7%	11 214 €	241 284 €	25,4%
	2,03 % CA	448,6%	0,37 % CA	362,5%	0,08 % CA	16,39 % CA	-87,6%

Sale of goods produced	13 549 725	5,4%	12 855 577	-2,4%	13 169 752
+/- Stocked production	-1 309 600	-162,0%	2 110 654	351,6%	467 422
+ Self-constructed assets	0	0%	0	0%	0
Period production	12 240 125 €	-18,2%	14 966 231 €	9,7%	13 637 174 €	40 050,50 €	30461,7%
	82,17 % CA	-24,1%	108,22 % CA	11,3%	97,23 % CA	2,06 % CA	3888,8%

Trading margin	302 633	488,4%	51 434	358,7%	11 214	241 284	25,4%
+ Period Production	12 240 125	-18,2%	14 966 231	9,7%	13 637 174	40 050,50	30461,7%
- Purchase of raw materials	8 401 869	-31,1%	12 192 037	17,0%	10 420 066
+/- Change in stocks of raw materiels	652 190	274,4%	-373 981	-997,6%	41 665
- Other external purchases and charges	1 908 156	4,1%	1 833 088	17,4%	1 561 999
Added value	1 580 543 €	15,7%	1 366 521 €	-15,9%	1 624 658 €	188 026,50 €	740,6%
	10,61 % CA	7,4%	9,88 % CA	-14,7%	11,58 % CA	11,95 % CA	-11,2%

Added value	1 580 543 €	15,7%	1 366 521 €	-15,9%	1 624 658 €	188 026,50 €	740,6%
+ Operating grants	0	0%	0	0%	12 705
- Tax, duty and similar payments	173 265	-10,1%	192 638	-18,2%	235 432
- Personal charges	629 785	20,7%	521 647	3,3%	505 130
Gross operating surplus	777 493 €	19,2%	652 236 €	-27,3%	896 801 €	46 226,50 €	1581,9%
	5,22 % CA	10,6%	4,72 % CA	-26,1%	6,39 % CA	3,24 % CA	61,1%

Gross operating surplus	777 493 €	19,2%	652 236 €	-27,3%	896 801 €	46 226,50 €	1581,9%
+ Release of reserves and provisions	69 380	0%	0	0%	0
+ Other operating income	07	-100,0%	18 858	188480,0%	10
- Depreciation/Amortisation	408 056	-11,4%	460 742	12,0%	411 483
- Other charges	102 742	435,1%	19 202	4700,5%	400
Operating result	336 082 €	75,8%	191 150 €	-60,6%	484 928 €	29 248 €	1049,1%
	2,26 % CA	63,8%	1,38 % CA	-60,1%	3,46 % CA	1,98 % CA	14,1%

Operating result	336 082 €	75,8%	191 150 €	-60,6%	484 928 €	29 248 €	1049,1%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	109 998	-30,4%	158 054	-5,0%	166 445
- Financial charges	444 433	12,2%	396 210	4,4%	379 527
Pre-tax result	1 647 €	103,5%	-47 006 €	-117,3%	271 846 €	25 998,50 €	-93,7%
	0,01 % CA	102,9%	-0,34 % CA	-117,5%	1,94 % CA	1,67 % CA	-99,4%

Extraordinary income	40 597	-6,7%	43 510	45,2%	29 975	1 594,50	2446,1%
- Extraordinary charges	0	0%	92	-99,9%	94 944
Extraordinary result	40 597 €	-6,5%	43 418 €	166,8%	-64 969 €	0 €	0%
	0,27 % CA	-12,9%	0,31 % CA	167,4%	0 % CA	0 % CA	0%

Pre-tax result	1 647 €	103,5%	-47 006 €	-117,3%	271 846 €	25 998,50 €	-93,7%
Extraordinary result	40 597 €	-6,5%	43 418 €	166,8%	-64 969 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	15 134	0%	0	0%	71 964
Net result	27 110 €	855,6%	-3 588 €	-102,7%	134 913 €	26 138 €	3,7%
	0,18 % CA	700%	-0,03 % CA	-103,1%	0,96 % CA	1,48 % CA	-87,8%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) de céréales, de tabac non manufacturé, de semences et d'aliments pour le bétail  (4621Z)	Business Pages FT®	COOPERATIVE AGRICOLE
Postal Address	SA LES SILOS DE TOURTOULEN DOM DE TOURTOULEN GIRAUD ET TOURTOULEN 13200 ARLES	Trading Address	GIRAUD ET TOURTOULEN 13200 ARLES
Telephone	04 90 97 21 24
Fax	04 90 97 22 14

Type	Head office (one site company)	Status	Economically active
Formation Date	07/1989	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Bouches-du-Rhône (13)	Region	Côte d'Azur
District	2	Area	98
City	ARLES	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> SA LES SILOS DE TOURTOULEN <<<  - Commerce de gros (commerce interentreprises) de céréales, de tabac non manufacturé, de semences et d'aliments pour le bétail (4621Z)  in ARLES  (13200)
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

3 to 5 employees

Company workforce

3 to 5 employees

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
22/03/2011	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE TARASCON-SUR-RHÔNE 972 - 351422829 RCS. SA LES SILOS DE TOURTOULEN. Forme : Société anonyme. Adresse : Domaine de Tourtoulen 13200 Arles. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/08/2010.
12/04/2010	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE TARASCON-SUR-RHONE 1253 - 351422829 RCS. SA LES SILOS DE TOURTOULEN. Forme : Société anonyme. Adresse : Domaine de Tourtoulen 13200 Arles. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/08/2009.
18/03/2009	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE TARASCON-SUR-RHONE 1243 - 351422829 RCS. SA LES SILOS DE TOURTOULEN. Forme : Société anonyme. Adresse : Domaine de Tourtoulen, 13200 Arles. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/08/2008.
12/03/2008	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'ARLES 1496 - 351422829 RCS. SA LES SILOS DE TOURTOULEN. Forme : Société anonyme. Adresse : Domaine de Tourtoulen, 13200 Arles. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/08/2007.
18/10/2007	Bodacc B	Modifications et mutations diverses
334 - RCS Arles B 351 422 829. RC 89-B 94. S.A. LES SILOS DE TOURTOULEN. Forme : S.A. Capital : 1 435 030 euros. Adresse du siège social : Domaine de Tourtoulen,, 13200 Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 2 août 2007.
29/04/2007	Bodacc C	Avis de dépôt des comptes
1155 - RCS Arles B 351 422 829. RC 89-B 94. SA LES SILOS DE TOURTOULEN. Forme: S.A. Adresse du siège social: domaine de Tourtoulen,13200 Arles. Comptes annuels et rapports de l'exercice clos le: 31 août 2006.
16/04/2006	Bodacc B	Modifications et mutations diverses
0421 - RCS Arles B 351 422 829. RC 89-B 94. S.A. LES SILOS DE TOURTOULEN. Forme : S.A. Adresse du siège social : Domaine de Tourtoulen,, 13200 Commentaires : modification survenue sur l'administration. Administration : président directeur général et administrateur : LACROTTE (Florian) (Nom d'usage : LACROTTE). Directeur général délégué et administrateur : MANDROLINI (Sylvain) (Nom d'usage : MANDROLINI). Administrateur : MANDROLINI (Christine, Claude) (Nom d'usage : MAZET). Commissaire aux comptes titulaire démissionnaire : BALVAY (Gérard). Nouveau commissaire aux comptes titulaire : CONCEPT EXPERTS ET COMMISSAIRES, représentée par BOUSQUET (Thierry) (Nom d'usage : BOUSQUET). Commissaire aux comptes suppléant : LAQUET (Robert) (Nom d'usage : LAQUET). Date d'effet : 27 février 2006.
31/03/2006	Bodacc C	Avis de dépôt des comptes
841 - RCS Arles B 351 422 829. RC 89-B 94. SA LES SILOS DE TOURTOULEN. Forme: S.A. Adresse du siège social: domaine de Tourtoulen,13200 Arles. Comptes annuels et rapports de l'exercice clos le: 31 août 2005.
03/04/2005	Bodacc C	Avis de dépôt des comptes
493 - RCS Arles B 351 422 829. RC 89-B 94. SA LES SILOS DE TOURTOULEN. Forme: SOCIETE ANONYME DE DROIT COMMUN. Adresse du siège social: domaine de Tourtoulen,13200 Arles. Comptes annuels et rapports de l'exercice clos le: 31 août 2004.
04/07/2004	Bodacc B	Modifications et mutations diverses
RCS Arles B 351422829 RC 89-B 94 S.A. LES SILOS DE TOURTOULEN. Forme : société de droit étranger. Capital : 1 035 300 euros. Adresse du siège social : Domaine de Tourtoulen, 13200 Arles. Commentaires : modification survenue sur le capital ( augmentation) et l'administration. Administration : P.-D.G. et administrateur : LACROTTE (Florian) ( Nom d'usage : LACROTTE). Directeur général délégué : MANDROLINI (Sylvain) ( Nom d'usage : MANDROLINI). Administrateur : MANDROLINI (Christine, Claude) ( Nom d'usage : MAZET). Commissaire aux comptes titulaire : BALVAY (Gérard) ( Nom d'usage : BALVAY) . Commissaire aux comptes suppléant : LAQUET (Robert) ( Nom d'usage : LAQUET). Date d'effet : 24 mai 2004.
11/06/2004	Bodacc B	Modifications et mutations diverses
RCS Arles B 351422829 RC 89-B 94 S.A. LES SILOS DE TOURTOULEN. Forme : société de droit étranger. Capital : 150 000 euros. Adresse du siège social : Domaine de Tourtoulen, 13200 Arles. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration et administrateur : LACROTTE (Florian) ( Nom d'usage : LACROTTE). Directeur général et administrateur : MANDROLINI ( Sylvain) ( Nom d'usage : MANDROLINI). Administrateur : MANDROLINI (Christine, Claude) ( Nom d'usage : MAZET). Commissaire aux comptes titulaire : BALVAY (Gérard) ( Nom d'usage : BALVAY) . Commissaire aux comptes suppléant : LAQUET (Robert) ( Nom d'usage : LAQUET). Date d'effet : 31 octobre 2003.
04/10/2000	Bodacc B	Modifications et mutations diverses
RCS Arles B 351422829 RC 89-B 94 S.A. LES SILOS DE TOURTOULEN. Forme : société de droit étranger. Capital : 150 000 euros. Adresse du siège social : Domaine de Tourtoulen, 13200 Arles. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration et administrateur : LACROTTE (Florian) ( Nom d'usage : LACROTTE). Directeur général et administrateur : MANDROLINI ( Sylvain) ( Nom d'usage : MANDROLINI). Administrateur : MANDROLINI (Christine, Claude) ( Nom d'usage : MAZET). Commissaire aux comptes titulaire : BALVAY (Gérard) ( Nom d'usage : BALVAY) . Commissaire aux comptes suppléant : GAYON (Jean-Luc) ( Nom d'usage : GAYON). Date d'effet : 28 juillet 2000.
03/05/2000	Bodacc B	Modifications et mutations diverses
RCS Arles B 351422829 RC 89-B 94 S.A. LES SILOS DE TOURTOULEN. Forme : société de droit étranger. Adresse du siège social : Domaine de Tourtoulen, 13200 Arles. Commentaires : modification survenue sur l'administration. Administration : président du conseil d' administration : DIJOL (Maurice) ( Nom d'usage : DIJOL). Directeur général et administrateur : LACROTTE (Florian) ( Nom d'usage : LACROTTE). Administrateurs : MANDROLINI (Sylvain) ( Nom d'usage : MANDROLINI) MANDROLINI (Christine, Claude) ( Nom d'usage : MAZET) CUISSARD (Eddy, Roger) ( Nom d' usage : CUISSARD). Commissaire aux comptes titulaire : BALVAY (Gérard) ( Nom d'usage : BALVAY). Commissaire aux comptes suppléant : GAYON (Jean, Luc) ( Nom d'usage : GAYON). Date d'effet : 28 février 2000.
21/07/1999	Bodacc B	Modifications et mutations diverses
RCS Arles B 351422829 RC 89-B 94 S.A. LES SILOS DE TOURTOULEN. Forme : société de droit étranger. Capital : 150 000 euros. Adresse du siège social : Domaine de Tourtoulen, 13200 Arles. Commentaires : modification survenue sur le capital ( augmentation). Date d'effet : 21 mai 1999.

COMPANY EVENTS HISTORY

Date	Description
22/03/2011	Bodacc C : Deposit accounts notice
31/08/2010	New accounts available
12/04/2010	Bodacc C : Deposit accounts notice
31/08/2009	New accounts available
18/03/2009	Bodacc C : Deposit accounts notice
31/08/2008	New accounts available
12/03/2008	Bodacc C : Deposit accounts notice
04/09/2007	Capital increase
04/09/2007	Minutes of general meeting of shareholders
04/09/2007	Updated articles of association
04/09/2007	Audit or Management Report
04/09/2007	Private document
31/08/2007	New accounts available
02/08/2007	Other modification of Establishment
31/08/2006	New accounts available
06/03/2006	New auditor
06/03/2006	Minutes of general meeting of shareholders
06/03/2006	Appointment/resignation of company officers
06/03/2006	Private document
31/08/2005	New accounts available
31/08/2004	New accounts available
11/06/2004	Augmentation de Capital
11/06/2004	Capital increase
11/06/2004	Acte sous seing privé
11/06/2004	Private document
11/06/2004	Appointment/resignation of company officers
11/06/2004	Nomination/démission des organes de gestion
11/06/2004	Minutes of general meeting of shareholders
11/06/2004	PV d'Assemblée
11/06/2004	Minutes of Board meeting
11/06/2004	PV du Conseil d'Administration
11/06/2004	Statuts mis à jour
11/06/2004	Updated articles of association
13/05/2004	Acte sous seing privé
13/05/2004	Rapport des Commissaires ou du Gérant
03/05/2004	Acte sous seing privé
03/05/2004	PV d'Assemblée
03/05/2004	Changement de Commissaire aux Comptes
03/05/2004	Nomination/démission des organes de gestion
31/08/2003	New accounts available
11/09/2000	Acte sous seing privé
11/09/2000	Modification du Conseil d'Administration
11/09/2000	Changement de Président (PDG, PCA)
11/09/2000	Nomination/démission des organes de gestion
11/09/2000	PV du Conseil d'Administration
10/04/2000	Acte sous seing privé
10/04/2000	Nomination/démission des organes de gestion
10/04/2000	PV d'Assemblée
23/06/1999	Statuts mis à jour
23/06/1999	Acte sous seing privé
23/06/1999	Augmentation de Capital
23/06/1999	PV d'Assemblée
30/08/1993	Changement de Forme Juridique sans changement de catégorie
30/08/1993	PV d'Assemblée
30/08/1993	Changement de dénomination sociale
30/08/1993	Déclaration de conformité
30/08/1993	Statuts mis à jour
23/06/1993	Déclaration de conformité
23/06/1993	PV d'Assemblée
23/06/1993	Statuts mis à jour

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.84
UK Pound	1	Rs.77.97
Euro	1	Rs.65.61

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.