MIRA INFORM REPORT

Report Date :

17.03.2012

IDENTIFICATION DETAILS

Correct Name :	ADBI
Registered Office :	Mes Demoiselles, 45 Rue Charlot, 75003 Paris 3
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	June 2006
Com. Reg. No.:	RCS Paris B 490 714 649
Legal Form :	Limited Liability Company
Line of Business :	Manufacture of other wearing apparel and accessories
No. of Employees :	3 to 5 employees

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 :	Small Company
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
France	a2	a2

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

company summary

Top of Form

Name

ADBI

SIRET

490 714 649 00020

Trade name	MES DEMOISELLES
Activity (APE)	Fabrication d'autres vêtements et accessoires (1419Z) (Manufacture of other wearing apparel and accessories (1419Z))	Legal form	Limited Liability Company
Phone		RCS Registration	RCS Paris B 490 714 649
Fax		Share capital	7,500 Euros
Address	ADBI MES DEMOISELLES 45 RUE CHARLOT 75003 PARIS 3	Incorporated Date	06/2006
Nationality	France	Status	Economically active

Last published preferential right

This company is not under monitoring

Current Directors

1

Trading to Date	12/31/2010	12/31/2009
Turnover	851,561 €	868,190 €
Gross Operating Surplus	8,68 % Turnover	24,87 % Turnover
Net worth	313,855 €	237,173 €
Employees	3 to 5 employees	-

Trends
Profitability
Liquidity
Net worth

Company details

Activity (APE)	Fabrication d'autres vêtements et accessoires (1419Z)
RCS Registration	RCS Paris B 490 714 649	Share capital	7,500 Euros
Registration Court	Paris (75)	Legal form	Limited Liability Company
Court Registry Number	06 B 12635	EU VAT Number	FR82490714649
Incorporation Date	06/2006	Formation Date	06/2006
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Establishment details

Trade name	MES DEMOISELLES
Activity (APE)	Fabrication d'autres vêtements et accessoires (1419Z)	Business Pages FT®
Postal Address	ADBI MES DEMOISELLES 45 RUE CHARLOT 75003 PARIS 3	Trading Address	45 RUE CHARLOT 75003 PARIS 3
Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	10/2007	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Paris (75)	Region	Ile-de-France
District		Area
City	PARIS 3	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> ADBI <<<  - Fabrication d'autres vêtements et accessoires (1419Z)  in PARIS 3  (75003)
Secondary establishments	>  ADBI  - Fabrication d'autres vêtements et accessoires (1419Z)  in PARIS 10  (75010)

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

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Simple
Deposit date	19/09/2011	21/08/2010	16/09/2010
Activity Code	1419Z	1419Z	1419Z
Employees	0	0	3

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Capital not called	0	0%	0	-	-	0	0%
Total fixed assets	9 509	155,5%	3 721	294,2%	944	28 105	-66,2%
- Intangible assets	0	0%	3 443	0%	0	2 520	0%
- Tangible assets	3 113	1019,8%	278	-70,6%	944	8 248	-62,3%
- Financial assets	6 396	0%	0	0%	0	1 200	433,0%
Net current assets	482 805	36,8%	352 852	82,8%	193 056	176 122,50	174,1%
- Stocks	69 535	30,7%	53 211	176,3%	19 259	47 037,50	47,8%
- Advanced payments	0	36,8%	0	0%	0	0	0%
- Receivables	407 198	88,5%	216 032	40,2%	154 126	52 520	675,3%
- Securities and cash	6 072	-92,7%	83 609	325,0%	19 671	24 744,50	-75,5%
- Prepaid expenses	-	-	-	-	0	23	-
Accounts of regularization	0	0%	0	-	-	0	0%
Total Assets	492 317	38,1%	356 574	83,8%	194 000	207 613,50	137,1%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	313 855	32,3%	237 173	218,1%	74 552	76 635,50	309,5%
Share capital	7 500	0%	7 500	0%	7 500	11 350	-33,9%
Other capital resources	0	0%	0	-	-	0	0%
Risk Provisions	1 700	11,1%	1 530	0%	0	0	0%
Liabilities	176 760	50,0%	117 870	-1,3%	119 447	124 075,50	42,5%
- Financial liabilities	1 105	-64,8%	3 136	0%	0	25 176,50	-95,6%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	46 545	10,0%	42 295	-12,2%	48 152	32 559,50	43,0%
- Tax and social liabilities	26 510	26,6%	20 934	-	-	54 620	-51,5%
- Other debts and fixed assets liabilities	102 599	99,2%	51 504	-27,8%	71 295	5 334,50	1823,3%
Account regularization	0	0%	0	-	-	0	0%
Total liabilities	492 317	38,1%	356 574	83,8%	193 999	207 612	137,1%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Sales of Goods	925 335	0,9%	917 187	95,4%	469 312	359 699	157,3%
Net turnover	851 561	-1,9%	868 190	85,2%	468 727	354 579,50	140,2%
- of which net export turnover	611 092	-1,6%	621 017	177,9%	223 508	0	0%
Operating charges	856 012	21,5%	704 507	61,5%	436 147	350 348	144,3%
Operating profit/loss	69 323	-67,4%	212 680	541,3%	33 165	7 597	812,5%
Financial income	0	0%	0	0%	-416	19	0%
Financial charges	97	-8,5%	106	150,7%	-209	1 185,50	-91,8%
Financial profit/loss	-97	8,5%	-106	48,8%	-207	-674,50	85,6%
Pretax net operating income	69 226	-67,4%	212 574	545,0%	32 958	7 145	868,9%
Extraordinary income	8 843	4111,0%	210	-83,7%	1 288	335,50	2535,8%
Extraordinary charges	0	0%	2 189	10,9%	1 974	240,50	0%
Extraordinary profit/loss	8 843	3974,8%	-1 979	-188,5%	-686	0	0%
Net result	76 682	-52,8%	162 620	494,4%	27 360	7 864,50	875,0%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2010		31/12/2009
	Grand Total (I to VI)	Net	492 317	38,1%	356 574
	Gross	CO	496 704	38,9%	357 499
	Amortisation	1A	4 387	374,3%	925

Non declared distributed capital (I)

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

Active fixed asset (II)

			31/12/2010		31/12/2009
	Total Active fixed asset (II)	Net	9 509	155,5%	3 721
	Gross	BJ	13 896	199,1%	4 646
	Amortisation	BK	4 387	374,3%	925

Intangilble fixed assets

			31/12/2010		31/12/2009
	Start-up cost	Net	0	0%	0
	Gross	AB	0	0%	0
	Amortisation	AC	0	0%	0
	R & D expenses	Net	0	0%	0
	Gross	CX	0	0%	0
	Amortisation	AE	0	0%	0
	Distributorships, patents	Net	0	0%	3 443
	Gross	AF	3 646	0%	3 646
	Amortisation	AG	3 646	1696,1%	203
	Goodwill	Net	0	0%	0
	Gross	AH	0	0%	0
	Amortisation	AI	0	0%	0
	Other intangible fixed assets	Net	0	0%	0
	Gross	AJ	0	0%	0
	Amortisation	AK	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0
	Gross	AL	0	0%	0
	Amortisation	AM	0	0%	0
Sub Total Intangible Assets		Net	0	0%	3 443

Tangilble fixed assets

			31/12/2010		31/12/2009
	Lands	Net	0	0%	0
	Gross	AN	0	0%	0
	Amortisation	AO	0	0%	0
	Buildings	Net	0	0%	0
	Gross	AP	0	0%	0
	Amortisation	AQ	0	0%	0
	Plant	Net	0	0%	0
	Gross	AR	0	0%	0
	Amortisation	AS	0	0%	0
	Other tangible fixed assets	Net	3 113	1019,8%	278
	Gross	AT	3 854	285,4%	1 000
	Amortisation	AU	741	2,6%	722
	Fixed assets in construction	Net	0	0%	0
	Gross	AV	0	0%	0
	Amortisation	AW	0	0%	0
	Advances and payments on account	Net	0	0%	0
	Gross	AX	0	0%	0
	Amortisation	AY	0	0%	0
	Sub Total Tangible asset	Net	3 113		278

Financial assets

			31/12/2010		31/12/2009
	Associates at equity	Net	0	0%	0
	Gross	CS	0	0%	0
	Amortisation	CT	0	0%	0
	Other participations	Net	0	0%	0
	Gross	CU	0	0%	0
	Amortisation	CV	0	0%	0
	Inter-company receivables	Net	0	0%	0
	Gross	BB	0	0%	0
	Amortisation	BC	0	0%	0
	Other investment securities	Net	0	0%	0
	Gross	BD	0	0%	0
	Amortisation	BE	0	0%	0
	Loans	Net	0	0%	0
	Gross	BF	0	0%	0
	Amortisation	BG	0		0
	Other financial assets	Net	6 396	0%	0
	Gross	BH	6 396	0%	0
	Amortisation	BI	0	0%	0
	Sub Total Financial Assets		6 396		0

Current Assets (III)

			31/12/2010		31/12/2009
	Total Assets	Net	482 805	36,8%	352 852
	Gross	CJ	482 805	36,8%	352 852
	Amortisation	CK	0	0%	0

Stocks

			31/12/2010		31/12/2009
	Raw materials	Net	0	0%	0
	Gross	BL	0	0%	0
	Amortisation	BM	0	0%	0
	Work in progress (goods)	Net	0	0%	0
	Gross	BN	0	0%	0
	Amortisation	BO	0	0%	0
	Work in progress (services)	Net	0	0%	0
	Gross	BP	0	0%	0
	Amortisation	BQ	0	0%	0
	Semi-finished and finished products	Net	0	0%	0
	Gross	BR	0	0%	0
	Amortisation	BS	0	0%	0
	Goods for resale	Net	69 535	30,7%	53 211
	Gross	BT	69 535	30,7%	53 211
	Amortisation	BU	0	0%	0
	Sub Total Stocks	Net	69 535	30,7%	53 211

Advance payments to suppliers

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

Debtors

			31/12/2010		31/12/2009
	Trade accounts receivable	Net	125 066	26,4%	98 981
	Gross	BX	125 066	26,4%	98 981
	Amortisation	BY	0	0%	0
	Other debtors	Net	271 761	132,2%	117 051
	Gross	BZ	271 761	132,2%	117 051
	Amortisation	CA	0	0%	0
	Capital subscribed and called up	Net	0	0%	0
	Gross	CB	0	0%	0
	Amortisation	CC	0	0%	0
	Sub Total Debtors	Net	396 827	83,7%	216 032

Divers

			31/12/2010		31/12/2009
	Investment securities	Net	0	0%	0
	Gross	CD	0	0%	0
	Amortisation	CE	0	0%	0
	Cash and cash equivalents	Net	6 072	-92,7%	83 609
	Gross	CF	6 072	-92,7%	83 609
	Amortisation	CG	0	0%	0
	Sub Total Divers	Net	6 072	-92,7%	83 609

Prepaid expenses

			31/12/2010		31/12/2009
	Prepaid expenses	Net	10 371	0%	0
	Gross	CH	10 371	0%	0
	Amortisation	CI	0	0%	0

Equalization accounts (IV to VI)

		31/12/2010		31/12/2009
Multi-period charges	CW3	0	0%	0
Gross		0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0
Gross		0	0%	0
Currency differential gain	CN3	0	0%	0
Gross		0	0%	0

References

		31/12/2010		31/12/2009
Due within one year	CP	0	0%	0
Due after one year	CR	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)

		31/12/2010		31/12/2009
Grand Total (I to V)	EE	492 317	38,1%	356 574

Shareholder Equity (I)

			31/12/2010		31/12/2009
	Total shareholders' equity (Total I)	DL	313 855	32,3%	237 173
	Equity and shareholders' equity	DA	7 500	0%	7 500
	Issue and merger premiums	DB	0	0%	0
	Revaluation differentials	DC	0	0%	0
	Of which equity differential	EK	0	0%	0
	Legal reserve	DD	750	0%	750
	Statutory or contractual reserve	DE	0	0%	0
	Special regulated reserves	DF	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0
	Other reserves	DG	228 923	245,3%	66 303
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%
	Profits or losses brought forward	DH	0	0%	0
	Profit or loss for the period	DI	76 682	-52,8%	162 620
	Investment grants	DJ	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0

Other capital resources (II)

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

Provisions for risks and charges (III)

			31/12/2010		31/12/2009
	Total provisions for risks and charges (Total III)	DR	1 700	11,1%	1 530
	Risk provisions	DP	0	0%	0
	Reserves for charges	DQ	1 700	11,1%	1 530

Liabilities (IV)

			31/12/2010		31/12/2009
	Total Liabilities (Total IV)	EC	176 760	50,0%	117 870
	Convertible debentures	DS	0	0%	0
	Other debentures	DT	0	0%	0
	Bank loans and liabilities	DU	0	0%	0
	Sundry loans and financial liabilities	DV	1 105	-64,8%	3 136
	Of which participating loans	EI	0	0%	0
	Advance payments received for current orders	DW	0	0%	0
	Trade accounts payables	DX	46 545	10,0%	42 295
	Tax and social security liabilities	DY	26 510	26,6%	20 934
	Fixed asset liabilities	DZ	0	0%	0
	Other debts	EA	102 599	99,2%	51 504

Translation loss (V)

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

Equalization accounts

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

References

		31/12/2010		31/12/2009
Of which tax-allowable reserve	EF	0	0%	0
Deferred income and liabilities	EG	176 760	50,0%	117 870
Of which current bank facilities	EH	0	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)

		31/12/2010		31/12/2009
Operating result (Total I-II)	GG	69 323	-67,4%	212 680

2 - Financial result (V - VI)

		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	-97	8,5%	-106

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

		31/12/2010		31/12/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	69 226	-67,4%	212 574

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	8 843	546,8%	-1 979

Profit or loss

		31/12/2010		31/12/2009
Profit or loss	HN	76 682	-52,8%	162 620

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009
Total Income (I+III+V+VII)	HL	934 178	1,8%	917 397

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

		31/12/2010		31/12/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	857 494	13,6%	754 775

Operating income (I)

		31/12/2010		31/12/2009
Total operating income (Total I)	FR	925 335	0,9%	917 187

Operating income (details)

			31/12/2010		31/12/2009
	Sale of goods for resale	FC	851 561	1230,3%	64 013
	France	FA	240 469	275,7%	64 013
	Export	FB	611 092	0%	0
	Sale of goods produced	FF	0	0%	804 177
	France	FD	0	0%	183 160
	Export	FE	0	0%	621 017
	Sale of services	FI	0	0%	0
	France	FG	0	0%	0
	Export	FH	0	0%	0
	Net turnover	FL	851 561	-1,9%	868 190
	France	FJ	240 469	-2,7%	247 173
	Export	FK	611 092	-1,6%	621 017
	Stocked production	FM	0	0%	0
	Self-constructed assets	FN	0	0%	0
	Operating grants	FO	70 196	52,5%	46 040
	Release of reserves and provisions	FP	2 160	0%	0
	Other income	FQ	1 418	-52,0%	2 957

Operating charges (II)

		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	856 012	21,5%	704 507

Exploitation charges

		31/12/2010		31/12/2009
Purchase of goods for resale	FS	452 294	13,9%	397 052
Change in stocks of goods for resale	FT	-16 323	51,9%	-33 952
Purchase of raw materials	FU	27 297	-60,6%	69 285
Change in stocks of raw materials	FV	0	0%	0
Other external purchases and charges	FW	222 118	22,7%	181 050
Tax, duty and similar payments	FX	2 834	114,9%	1 319
Payroll	FY	132 528	103,7%	65 069
Social security costs	FZ	27 068	46,4%	18 486

Depreciation

		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	3 462	298,4%	869
Amortisation of fixed assets	GB	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0
Provisions for risks and charges	GD	1 700	0%	0

Other charges

		31/12/2010		31/12/2009
Other charges	GE	3 034	-43,1%	5 329

Operating charges (III-IV)

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

Financial income (V)

			31/12/2010		31/12/2009
	Total financial income (Total V)	GP	0	0%	0
	Share financial income	GJ	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0
	Other interest and similar income	GL	0	0%	0
	Released provisions and transferred charges	GM	0	0%	0
	Exchange gains	GN	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	0

Financial Charge (VI)

			31/12/2010		31/12/2009
	Total financial charge (Total VI)	GU	97	-8,5%	106
	Financial reserves and provisions	GQ	0	0%	0
	Interest and similar charges	GR	95	0%	0
	Exchange losses	GS	02	-98,1%	106
	Net loss from disposal of investment securities	GT	0	0%	0

Financial Charge (VII)

			31/12/2010		31/12/2009
	Total extraordinary income (Total VII)	HD	8 843	4111,0%	210
	Extraordinary operating income	HA	6 945	0%	0
	Extraordinary income from capital transactions	HB	1 898	803,8%	210
	Released provisions and transferred charges	HC	0	0%	0

Extraordinary charges (VIII)

			31/12/2010		31/12/2009
	Total extraordinary charges (Total VIII)	HH	0	0%	2 189
	Extraordinary operating charges	HE	0	0%	2 189
	Extraordinary charges from capital transactions	HF	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2010		31/12/2009
Tax on profits (Total X)	HK	1 385	-97,1%	47 973

References

		31/12/2010		31/12/2009
Of which equipment leases	HP	0	0%	0
Of which property leases	HQ	0	0%	0
Of which transferred charges	A1	630	0%	0
Of which trader's own contributions	A2	0	0%	1 262
Of which royalties on licences and patents (income)	A3	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2010		31/12/2009
	Gross value at begin of period	OG	0	0%	0
	Increasess due to revaluation	OH	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0
	Decreasess by transfers	OK2	0	0%	0
	Gross value at the end of period	OL	0	0%	0

Research and development Charge (Total I)

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

Other budget item from Intangible fixed assets (Total II)

			31/12/2010		31/12/2009
	Gross value at begin of period	KD	0	0%	0
	Increasess due to revaluation	KE	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0
	Decreasess by transfers	LV2	0	0%	0
	Gross value at the end of period	LW	0	0%	0

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009
	Gross value at begin of period	LN	0	0%	0
	Increasess due to revaluation	LO	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0
	Decreasess by transfers	NG2	0	0%	0
	Gross value at the end of period	NH	0	0%	0

Fiancial assets (Total IV)

			31/12/2010		31/12/2009
	Gross value at begin of period	LQ	0	0%	0
	Increasess due to revaluation	LR	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0
	Gross value at the end of period	NK	0	0%	0

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

			31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	0N	0	0%	0
Increases		0P	0	0%	0
Decreasess		0Q	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0

Research and development charge (Total I)

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

Other intangible assets (Total II)

			31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	PE	0	0%	0
Increases		PF	0	0%	0
Decreasess		PG	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	QU	0	0%	0
Increases		QV	0	0%	0
Decreases		QW	0	0%	0
	Decreasess by budget item transfer	QX	0	0%	0

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

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

Premium refund of obligations

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

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

			31/12/2010		31/12/2009
	Value at begining of period	7C	0	0%	0
Increases		UB	0	0%	0
Decreases		UC	0	0%	0
	Value at the end of period	UD	0	0%	0

Includes Total allocations

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

Includes Total Withdrawal

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

Total regulated provisions (Total I)

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

Total risk and charge provisions (Total II)

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

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009
	Value at begining of period	7B	0	0%	0
Increases		TY	0	0%	0
Decreases		TZ	0	0%	0
	Value at the end of period	UA	0	0%	0

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

		31/12/2010		31/12/2009
Gross value	VT	0	0%	0
1 year at most	VU	0	0%	0
More than one year	VV	0	0%	0

State of loans

		31/12/2010		31/12/2009
Claims related to holdings (gross)	UL	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0
Loans (gross)	UP	0	0%	0
Loans (1 year at most)	UR	0	0%	0
Other financial assets (gross)	UT	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0

Receivables statement of assets

		31/12/2010		31/12/2009
Customers doubtful or disputed	VA	0	0%	0
Other claims customer	UX	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0
Personnel and associated accounts	UY	0	0%	0
Social Security and other social organizations	UZ	0	0%	0
Income taxes	VM	0	0%	0
Value added tax	VB	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0
Group and Associates	VC	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0

Prepaid

		31/12/2010		31/12/2009
Prepaid	VS	0	0%	0

State Debt

			31/12/2010		31/12/2009
	Total debt (gross)	VY	0	0%	0
1 year at most		VZ2	0	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0
More than 5 years		VZ4	0	0%	0

Details

			31/12/2010		31/12/2009
	Convertible bonds (gross)	7Y1	0	0%	0
1 year at most		7Y2	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0
1 year at most		7Z2	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0
1 year at most		VG2	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0
1 year at most		VH2	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0
1 year at most		8A2	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0
	Suppliers and associated accounts (gross)	8B1	0	0%	0
1 year at most		8B2	0	0%	0
More than 1 year and 5 years at most		8B3	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0
1 year at most		8C2	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0
1 year at most		8D2	0	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0
1 year at most		8E2	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0
	VAT (gross)	VW1	0	0%	0
1 year at most		VW2	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0
1 year at most		VX2	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0
1 year at most		VQ2	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0
1 year at most		8J2	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0
More than 5 years		8J4	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0
1 year at most		VI2	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0
More 5 years		VI4	0	0%	0
	Other liabilities (gross)	8K1	0	0%	0
1 year at most		8K2	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0
1 year at most		SZ2	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0
	Products in advance (gross)	8L1	0	0%	0
1 year at most		8L2	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0

References

		31/12/2010		31/12/2009
Loans made during the period	VJ	0	0%	0
Debt repaid during the period	VK	0	0%	0

Table allocation results and other information
Dividends distributed

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

Commitments

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

Other charges Externes

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

Taxes and Fees

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

VAT

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

Average number of employees

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

Groups and Shareholders

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

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Fixed Asset Financing		23,10	-55,8%	52,25	-30,0%	74,61	2,01	1049,3%
Global Debt		75 days	53,1%	49 days	-46,7%	92 days	136 days	-44,9%
Working Capital Fund overall net		130 days	31,3%	99 days	73,7%	57 days	88 days	47,7%
Financial independence		%	-	%	-	%	340,83%	-
More ratios
Solvability		63,75%	-4,1%	66,51%	73,1%	38,43%	36,67%	73,8%
Capacity debt futures		%	-	%	-	%	985,02%	-
Coverage of current assets by net working capital overall		65,01%	-3,7%	67,48%	77,0%	38,13%	47,85%	35,9%
General Liquidity			-		-	1,29	0,47	-
Restricted Liquidity			-		-	1,46	0,87	-

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital		123 days	92,2%	64 days	56,1%	41 days	35 days	251,4%
Treasury		3 days	-91,4%	35 days	0%	0 days	11 days	-72,7%
Inventory turnover of goods		57 days	7,5%	53 days	-71,0%	183 days	87 days	-34,5%
Average length of credit granted to customers		53 days	29,3%	41 days	-24,1%	54 days	36 days	47,2%
Average length of credit obtained suppliers		24 days	-4,0%	25 days	-43,2%	44 days	51 days	-52,9%
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days	109 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	846 days	-
Rotation tangible assets		%	-	%	-	46872,70%	793,78%	-

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading		48,80%	241,7%	-34,45%	-1031,1%	3,70	0%	0%
Profitability of the business		8,68	-65,1%	24,87	231,6%	7,50	3,86%	124,9%
Net profit		9%	-51,9%	18,73%	220,7%	5,84%	2,64%	240,9%
More ratios
Growth rate of turnover (excluding VAT)		-1,92%	-	%	-	%	4,13%	-146,5%
Rates integration		19,51%	-33,5%	29,34%	92,6%	15,23%	34,52%	-43,5%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		96,04%	197,3%	32,30%	-36,0%	50,48%	78%	23,1%
Weight interests		0,01	0%	0,01%	125,0%	-0,04%	0,49%	-98,0%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability		9,19%	-51,1%	18,81%	222,1%	5,84%	3,63%	153,2%
Rates of economic profitability		23%	-74,4%	90%	90,9%	47,14%	11,72%	96,2%
Financial profitability		313855%	32,3%	237173%	646148,0%	36,70%	42949%	630,8%
Return on investment		24,38%	-64,0%	67,72%	85,9%	36,42%	10,02%	143,3%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Turnover	851 561	-1,9%	868 190	85,2%	468 727	354 580 €	140,2%

Sales of goods	851 561	1230,3%	64 013	15,9%	55 248
- Purchase of goods	452 294	13,9%	397 052	953,5%	37 689
+/- Stock of goods variation	-16 323	51,9%	-33 952	-16662,0%	205
Trading margin	415 590 €	239,0%	-299 087 €	-1823,4%	17 354 €	0 €	0%
	48,80 % CA	241,7%	-34,45 % CA	-1031,1%	3,70 % CA	0,23 % CA	21117,4%

Sale of goods produced	0	0%	804 177	94,5%	413 479
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	0 €	0%	804 177 €	94,5%	413 479 €	172 287 €	0%
	0,00 % CA	0%	92,63 % CA	5,0%	88,21 % CA	98,15 % CA	0%

Trading margin	415 590	239,0%	-299 087	-1823,4%	17 354	0	0%
+ Period Production	0	0%	804 177	94,5%	413 479	172 287	0%
- Purchase of raw materials	27 297	-60,6%	69 285	-72,8%	254 522
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	222 118	22,7%	181 050	72,5%	104 944
Added value	166 175 €	-34,8%	254 755 €	257,0%	71 367 €	155 149 €	7,1%
	19,51 % CA	-33,5%	29,34 % CA	92,6%	15,23 % CA	34,52 % CA	-43,5%

Added value	166 175 €	-34,8%	254 755 €	257,0%	71 367 €	155 149 €	7,1%
+ Operating grants	70 196	52,5%	46 040	0%	0
- Tax, duty and similar payments	2 834	114,9%	1 319	579,9%	194
- Personal charges	159 596	91,0%	83 555	131,9%	36 028
Gross operating surplus	73 941 €	-65,8%	215 921 €	514,4%	35 145 €	9 713,50 €	661,2%
	8,68 % CA	-65,1%	24,87 % CA	231,6%	7,50 % CA	3,86 % CA	124,9%

Gross operating surplus	73 941 €	-65,8%	215 921 €	514,4%	35 145 €	9 713,50 €	661,2%
+ Release of reserves and provisions	2 160	0%	0	-	-
+ Other operating income	1 418	-52,0%	2 957	405,5%	585
- Depreciation/Amortisation	5 162	494,0%	869	0%	0
- Other charges	3 034	-43,1%	5 329	107,8%	2 565
Operating result	69 323 €	-67,4%	212 680 €	541,3%	33 165 €	7 597 €	812,5%
	8,14 % CA	-66,8%	24,50 % CA	246,0%	7,08 % CA	2,45 % CA	232,2%

Operating result	69 323 €	-67,4%	212 680 €	541,3%	33 165 €	7 597 €	812,5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	-	-
+ Financial income	0	0%	0	0%	-416
- Financial charges	97	-8,5%	106	150,7%	-209
Pre-tax result	69 226 €	-67,4%	212 574 €	545,0%	32 958 €	7 146,50 €	868,7%
	8,13 % CA	-66,8%	24,48 % CA	248,2%	7,03 % CA	2,19 % CA	271,2%

Extraordinary income	8 843	4111,0%	210	-83,7%	1 288	335,50	2535,8%
- Extraordinary charges	0	0%	2 189	10,9%	1 974
Extraordinary result	8 843 €	546,8%	-1 979 €	-188,5%	-686 €	0 €	0%
	1,04 % CA	552,2%	-0,23 % CA	-53,3%	0 % CA	0 % CA	0%

Pre-tax result	69 226 €	-67,4%	212 574 €	545,0%	32 958 €	7 146,50 €	868,7%
Extraordinary result	8 843 €	546,8%	-1 979 €	-188,5%	-686 €	0 €	0%
- Employee profit sharing	0	0%	0	-	-
- Tax on profits	1 385	-97,1%	47 973	876,8%	4 911
Net result	76 684 €	-52,8%	162 622 €	494,4%	27 361 €	7 864,50 €	875,1%
	9,01 % CA	-51,9%	18,73 % CA	220,7%	5,84 % CA	2,64 % CA	241,3%

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
24/10/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10588 - 490714649 RCS. ADBI. Forme : Société à responsabilité limitée à associé unique. Adresse : 45 rue Charlot 75003 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
14/09/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11490 - 490714649 RCS. ADBI. Forme : Société à responsabilité limitée à associé unique. Adresse : 45 R CHARLOT 75003 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
14/09/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11491 - 490714649 RCS. ADBI. Forme : Société à responsabilité limitée à associé unique. Adresse : 45 R CHARLOT 75003 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
29/05/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9021 - 490714649 RCS. ADBI. Forme : Société à responsabilité limitée à associé unique. Adresse : 45 rue Charlot 75003 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
29/05/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9020 - 490714649 RCS. ADBI. Forme : Société à responsabilité limitée à associé unique. Adresse : 45 rue Charlot 75003 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
03/09/2008	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1916 - 490 714 649 RCS Paris. ADBI. Forme : SARL à associé unique. Enseigne : MES DEMOISELLES. Capital : 7500 EUR. Activité : La production la distribution la vente la revente et L'import Export de tous produits textiles d'habillement accessoires ou maroquinerie (y compris chaussures). Adresse de l’établissement principal : 45 rue Charlot, 75003 Paris. Adresse du siège social : 45 rue Charlot, 75003 Paris. Commentaires : modification survenue sur l'adresse du siège.
10/08/2006	Bodacc A	Création d'établissement
1021 - RCS Paris B 490 714 649. RC 06-B 12635. ADBI. Forme : S.A.R.L. à associé unique. Capital : 7 500 euros. Adresse du siège social : 16 boulevard Saint-Denis, 75010 Paris. Administration : gérant : IFERGANE (Esther) (Nom d'usage : SILBERMANN). Etablissement principal - Nom commercial : Mes Demoiselles. Activité : production, distribution, vente, revente, import-export de tous produits textiles, d'habillement, d'accessoires ou de maroquinerie, y compris de chaussures. Adresse : 16 boulevard Saint-Denis, 75010 Paris. Cette société se constitue . Date de début d'activité : 8 juin 2006.

Company events history

Date	Description
08/02/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
04/01/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
24/10/2011	Bodacc C : Deposit accounts notice
31/12/2010	New accounts available
14/09/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
31/12/2009	Update of Company Workforce
31/12/2009	Update of Company Activity
31/12/2009	Modification of Company Activity
29/05/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
03/09/2008	Bodacc B: Various editing or changing
03/09/2008	New Bodacc B ads detected
14/08/2008	Registered office transferred inside jurisdiction of the Commercial Court
14/08/2008	Minutes of general meeting of shareholders
14/08/2008	Updated articles of association
14/08/2008	Private document
31/12/2007	New accounts available
01/10/2007	Transfer of Establishment
01/10/2007	Update of Company Head Office Identifier
31/12/2006	New accounts available
26/06/2006	Company formation
26/06/2006	Private document
26/06/2006	Articles of association

Establishment events history

Date	Description
04/01/2012	Update Limit
04/01/2012	Update Rating
19/09/2011	Update Rating
19/09/2011	Update Limit
28/06/2011	Update of phone numbers
07/12/2010	Update Rating
07/12/2010	Update Limit
09/11/2010	Update Limit
09/11/2010	Update Rating
24/08/2010	Update Rating
24/08/2010	Update Limit
31/12/2009	Modification of Head office Activity
31/12/2009	Update of Establishment Activity
30/12/2009	Update Rating
06/09/2009	Update Limit
05/09/2009	Update Rating
29/04/2009	Update Limit
29/04/2009	Update Rating
06/12/2008	Update Rating
15/09/2008	Update Rating
01/10/2007	Formation of Head office (after transfer)

directors

Name	MME. SILBERMANN ESTHER
Manager position	Gérant	Date of birth	05/05/1949
Place of birth	CASABLANCA MAROC
Type of manager	Individual	Name at birth of manager	IFERGANE

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

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.31
UK Pound	1	Rs.79.04
Euro	1	Rs.65.82

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.