MIRA INFORM REPORT

Report Date :

24.03.2012

IDENTIFICATION DETAILS

Name :	CLAUDIE PIERLOT
Registered Office :	3 Rue Barbette 75003 Paris 3
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	February 1984
Com. Reg. No.:	RCS Paris 8 328 759 857
Legal Form :	Simplified Joint Stock Company
Line of Business :	Manufacture of outerwear
No. of Employees :	90

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 :	210,000 €
Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – 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

CLAUDIE PIERLOT

SIRET

328 759 857 00233

company summary

Trade name	CLAUDE PIERLOT
Safe Number	FR13798381
Activity (APE)	Manufacture of outerwear (1413Z)	Legal form	Simplified joint stock company
Phone		RCS Registration	RCS Paris 8 328 759 857
Fax		Share capital	16,000 Euros
Address	CLAUDIE PIERLOT CLAUDE PIERLOT 3 RUE BARBETTE 75003 PARIS 3	Incorporated Date	02/1984
Nationality	France	Status	Economically active

company details

Company details

Activity (APE)	Fabrication de vêtements de dessus (1413Z)
RCS Registration	RCS Paris 8 328 759 857	Share capital	16,000 Euros
Registration Court	Paris (75)	Legal form	Simplified joint stock company
Court Registry Number	19 8 4B010	EU VAT Number	FR73328759857
Incorporation Date	02/1984	Formation Date	12/1983
Deregistration Date		Last account Date	31/12/2010
Nationality	France

CREDIT recommendation

Current Credit Limit: 210,000 €

DIRECTORS/MANAGEMENT

directors

Name	M. KOUBY ELIE
Manager position	Président	Date of birth	09/03/1952
Place of birth	CASABLANCA(MAROC)
Type of manager	Individual	Name at birth of manager

Name	M. BIOUSSE FRÉDÉRIC
Manager position	Directeur général	Date of birth	11/03/1969
Place of birth	ST DIZIER (52100)
Type of manager	Individual	Name at birth of manager

Name	Mme. MILGROM JUDITH
Manager position	Directeur général délégué	Date of birth	24/11/1964
Place of birth	RABAT(MAROC)
Type of manager	Individual	Name at birth of manager	MOYAL

Name	Mme. CHETRITE REBECCA EVELYNE
Manager position	Directeur général délégué	Date of birth	01/07/1958
Place of birth	RABAT(MAROC)
Type of manager	Individual	Name at birth of manager	MOYAL

Previous Directors

Vous pouvez consulter ici l'historique des dirigeants de l'entreprise.
Si vous souhaitez consulter l'historique d'un dirigeant, il vous suffit de cliquer sur le lien voir le détail pour y accéder.

Manager position	Title and name	Date of Birth/Place of Birth
Président	M ELIE KOUBY
Président	M ELIE KOUBY
Président	M ELIE KOUBY
Gérant	MME CLAUDIE PIERLOT
Directeur général	M FREDERIC BIOUSSE
Directeur général	M FREDERIC BIOUSSE
Directeur général	M FRÉDÉRIC BIOUSSE
Directeur général délégué	MME REBECCA CHETRITE
Directeur général délégué	Mme REBECCA EVELYNE CHETRITE
Directeur général délégué	MME REBECCA CHETRITE
Directeur général délégué	MME JUDITH MILGROM
Directeur général délégué	Mme JUDITH MILGROM
Directeur général délégué	MME JUDITH MILGROM
Directeur général délégué	Mme REBECCA EVELYNE CHETRITE

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

Summary of preferential rights

Company monitored since	29/12/2010
Status of Monitoring	No social security and tax office preferential right to date

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	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	04/05/2011	31/07/2010	-
Activity Code	1413Z	1413Z	1413Z
Employees	90	49	0

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	4 377 129	67,4%	2 614 191	44,0%	1 815 150	24 780	17564,0%
- Intangible assets	2 566 873	48,4%	1 729 815	53,3%	1 128 123	1 280	200437,0%
- Tangible assets	1 606 384	112,4%	756 219	28,4%	588 884	5 542	28885,6%
- Financial assets	203 872	59,1%	128 157	30,6%	98 143	2 826	7114,2%
Net current assets	3 241 846	36,4%	2 377 315	10,1%	2 159 176	132 523	2346,3%
- Stocks	1 821 651	94,5%	936 597	11,5%	840 206	23 057	7800,6%
- Advanced payments	0	36,4%	0	0%	0	0	0%
- Receivables	960 750	-22,7%	1 242 261	95,9%	634 277	37 409	2468,2%
- Securities and cash	459 445	131,5%	198 457	-71,0%	684 693	17 919	2464,0%
- Prepaid expenses	-	-	-	-	-	32	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	7 618 973	52,6%	4 991 505	25,6%	3 974 326	175 914	4231,1%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	723 359	-69,5%	2 371 539	-13,8%	2 751 912	38 513	1778,2%
Share capital	16 000	0%	16 000	0%	16 000	8 000	100%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	115 000	0%	0	0%	77 607	0	0%
Liabilities	6 780 614	158,8%	2 619 966	128,9%	1 144 808	117 244	5683,3%
- Financial liabilities	4 266 114	531,5%	675 577	0%	0	12 792	33249,9%
- Advanced payments received	-748	0%	0	0%	0	0	0%
- Trade account payables	1 814 974	29,2%	1 404 603	151,0%	559 664	22 292	8041,8%
- Tax and social liabilities	635 170	48,8%	426 979	29,0%	331 066	41 262	1439,4%
- Other debts and fixed assets liabilities	65 104	-42,3%	112 807	-55,6%	254 078	4 583	1320,6%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	7 618 973	52,6%	4 991 505	25,6%	3 974 326	175 913	4231,1%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Sales of Goods	8 817 072	76,8%	4 987 540	0,4%	4 968 428	260 151	3289,2%
Net turnover	7 832 126	73,5%	4 513 997	-2,4%	4 624 535	243 692	3113,9%
- of which net export turnover	343 540	-49,6%	681 105	0%	0	0	0%
Operating charges	10 063 217	78,2%	5 647 724	-4,4%	5 907 578	256 809	3818,6%
Operating profit/loss	-1 246 145	-88,8%	-660 184	29,7%	-939 149	2 141	-58303,9%
Financial income	2 025	-96,5%	58 646	-45,1%	106 811	04	50525,0%
Financial charges	180 493	142,0%	74 569	50,5%	49 540	578	31127,2%
Financial profit/loss	-178 468	-1020,8%	-15 923	-127,8%	57 271	-125	-142674,4%
Pretax net operating income	-1 424 613	-110,7%	-676 107	23,3%	-881 878	1 938	-73609,4%
Extraordinary income	641 103	6854,1%	9 219	-66,4%	27 400	01	64110200%
Extraordinary charges	873 538	356,6%	191 319	2,2%	187 232	153	570839,9%
Extraordinary profit/loss	-232 435	-805,1%	-182 100	-13,9%	-159 832	0	0%
Net result	-1 648 181	-333,3%	-380 373	63,5%	-1 041 711	3 237	-51016,9%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2010		31/12/2009		31/12/2008
	Grand Total (I to VI)	Net	7 618 973	52,6%	4 991 505	25,6%	3 974 326
	Gross	CO	8 885 180	45,3%	6 115 426	-0,5%	6 145 555
	Amortisation	1A	1 266 207	12,7%	1 123 921	-48,2%	2 171 229

Non declared distributed capital (I)

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

Active fixed asset (II)

			31/12/2010		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	4 377 129	67,4%	2 614 191	44,0%	1 815 150
	Gross	BJ	5 457 725	48,5%	3 674 332	1,7%	3 612 090
	Amortisation	BK	1 080 596	1,9%	1 060 141	-41,0%	1 796 940

Intangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	336 097	8,7%	309 243	0%	0
	Gross	AF	428 400	28,9%	332 236	0%	0
	Amortisation	AG	92 303	301,4%	22 993	0%	0
	Goodwill	Net	2 230 776	57,0%	1 420 572	25,9%	1 128 123
	Gross	AH	2 230 776	57,0%	1 420 572	10,9%	1 280 572
	Amortisation	AI	0	0%	0	0%	152 449
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	3 312
	Amortisation	AK	0	0%	0	0%	3 312
	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	2 566 873	48,4%	1 729 815	53,3%	1 128 123

Tangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	72 863	90,4%	38 278	185,2%	13 422
	Gross	AR	160 476	42,4%	112 719	26,1%	89 423
	Amortisation	AS	87 613	17,7%	74 441	-2,1%	76 001
	Other tangible fixed assets	Net	1 524 158	115,1%	708 578	23,1%	575 462
	Gross	AT	2 424 838	45,1%	1 671 285	-21,9%	2 140 640
	Amortisation	AU	900 680	-6,4%	962 707	-38,5%	1 565 178
	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	9 363	0%	9 363	0%	0
	Gross	AX	9 363	0%	9 363	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	1 606 384		756 219		588 884

Financial assets

			31/12/2010		31/12/2009		31/12/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	8 000	0%	0	0%	0
	Gross	BD	8 000	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	195 872	52,8%	128 157	30,6%	98 143
	Gross	BH	195 872	52,8%	128 157	30,6%	98 143
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		203 872		128 157		98 143

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	3 241 846	36,4%	2 377 315	10,1%	2 159 176
	Gross	CJ	3 427 456	40,4%	2 441 094	-3,6%	2 533 465
	Amortisation	CK	185 610	191,0%	63 779	-83,0%	374 289

Stocks

			31/12/2010		31/12/2009		31/12/2008
	Raw materials	Net	309 201	-6,5%	330 841	19,7%	276 286
	Gross	BL	351 374	6,2%	330 841	-25,3%	443 027
	Amortisation	BM	42 173	0%	0	0%	166 741
	Work in progress (goods)	Net	132 943	24,8%	106 547	0%	0
	Gross	BN	132 943	24,8%	106 547	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	1 379 507	176,3%	499 209	-11,5%	563 920
	Gross	BR	1 445 705	181,5%	513 584	-28,1%	714 204
	Amortisation	BS	66 198	360,5%	14 375	-90,4%	150 284
	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	1 821 651	94,5%	936 597	11,5%	840 206

Advance payments to suppliers

			31/12/2010		31/12/2009		31/12/2008
	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

			31/12/2010		31/12/2009		31/12/2008
	Trade accounts receivable	Net	698 482	15,2%	606 328	70,4%	355 815
	Gross	BX	775 721	18,3%	655 732	58,9%	412 759
	Amortisation	BY	77 239	56,3%	49 404	-13,2%	56 944
	Other debtors	Net	257 448	-54,4%	564 202	168,9%	209 780
	Gross	BZ	257 448	-54,4%	564 202	168,9%	209 780
	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	955 930	-18,3%	1 170 530	107,0%	565 595

Divers

			31/12/2010		31/12/2009		31/12/2008
	Investment securities	Net	43 039	-72,7%	157 785	-28,5%	220 573
	Gross	CD	43 039	-72,7%	157 785	-28,6%	220 893
	Amortisation	CE	0	0%	0	0%	320
	Cash and cash equivalents	Net	416 406	923,8%	40 672	-91,2%	464 120
	Gross	CF	416 406	923,8%	40 672	-91,2%	464 120
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	459 445	131,5%	198 457	-71,0%	684 693

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	4 820	-93,3%	71 731	4,4%	68 682
	Gross	CH	4 820	-93,3%	71 731	4,4%	68 682
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2010		31/12/2009		31/12/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	-	-

References

		31/12/2010		31/12/2009		31/12/2008
Due within one year	CP	0	0%	0	0%	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)

		31/12/2010		31/12/2009		31/12/2008
Grand Total (I to V)	EE	7 618 973	52,6%	4 991 505	25,6%	3 974 326

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	723 359	-69,5%	2 371 539	-13,8%	2 751 912
	Equity and shareholders' equity	DA	16 000	0%	16 000	0%	16 000
	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	3 155	0%	3 155	0%	3 155
	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	2 352 385	-13,9%	2 732 757	-27,6%	3 774 467
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	0	0%	0
	Profit or loss for the period	DI	-1 648 181	-333,3%	-380 373	63,5%	-1 041 710
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

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

Provisions for risks and charges (III)

			31/12/2010		31/12/2009		31/12/2008
	Total provisions for risks and charges (Total III)	DR	115 000	0%	0	0%	77 607
	Risk provisions	DP	115 000	0%	0	0%	77 607
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	6 780 614	158,8%	2 619 966	128,9%	1 144 808
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	625 494	518,8%	101 078	0%	0
	Sundry loans and financial liabilities	DV	3 640 620	533,7%	574 499	0%	0
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	-748	0%	0	0%	0
	Trade accounts payables	DX	1 814 974	29,2%	1 404 603	151,0%	559 664
	Tax and social security liabilities	DY	635 170	48,8%	426 979	29,0%	331 066
	Fixed asset liabilities	DZ	60 000	0%	60 000	0%	0
	Other debts	EA	5 104	-90,3%	52 807	-79,2%	254 078

Translation loss (V)

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

Equalization accounts

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

References

		31/12/2010		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	6 456 362	146,4%	2 619 966	0%	0
Of which current bank facilities	EH	197 801	95,7%	101 078	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		31/12/2008
Operating result (Total I-II)	GG	-1 246 145	-88,8%	-660 184	29,7%	-939 149

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	-178 468	-1020,8%	-15 923	-127,8%	57 271

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

		31/12/2010		31/12/2009		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-1 424 613	-110,7%	-676 107	23,3%	-881 878

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-232 435	-27,6%	-182 100	-13,9%	-159 832

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	-1 648 181	-333,3%	-380 373	63,5%	-1 041 711

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	9 460 200	87,1%	5 055 405	-0,9%	5 102 639

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

		31/12/2010		31/12/2009		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	11 108 382	104,4%	5 435 776	-11,5%	6 144 350

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	8 817 072	76,8%	4 987 540	0,4%	4 968 428

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	2 587 282	10,8%	2 334 236	0%	0
	France	FA	2 587 282	22,0%	2 120 479	0%	0
	Export	FB	0	0%	213 757	0%	0
	Sale of goods produced	FF	5 227 466	145,6%	2 128 098	0%	0
	France	FD	4 883 926	194,0%	1 660 971	0%	0
	Export	FE	343 540	-26,5%	467 127	0%	0
	Sale of services	FI	17 378	-66,4%	51 663	-98,9%	4 624 535
	France	FG	17 378	-66,2%	51 442	-98,9%	4 624 535
	Export	FH	0	0%	221	0%	0
	Net turnover	FL	7 832 126	73,5%	4 513 997	-2,4%	4 624 535
	France	FJ	7 488 586	95,4%	3 832 892	-17,1%	4 624 535
	Export	FK	343 540	-49,6%	681 105	0%	0
	Stocked production	FM	958 517	1118,9%	-94 073	-216,8%	80 508
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	20 589	-96,4%	565 405	0%	0
	Other income	FQ	5 840	164,1%	2 211	-99,2%	263 385

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	10 063 217	78,2%	5 647 724	-4,4%	5 907 578

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	2 299 115	95,2%	1 177 586	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	1 485 493	97,4%	752 373	-63,7%	2 075 155
Change in stocks of raw materials	FV	-20 533	-118,3%	112 186	104,2%	54 952
Other external purchases and charges	FW	2 252 878	74,9%	1 288 441	-4,5%	1 349 753
Tax, duty and similar payments	FX	182 593	44,7%	126 191	26,4%	99 805
Payroll	FY	2 252 430	58,3%	1 422 541	17,6%	1 209 826
Social security costs	FZ	964 721	66,7%	578 702	5,1%	550 521

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	390 795	138,0%	164 193	-67,1%	498 415
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	137 815	448,1%	25 145	0%	0
Provisions for risks and charges	GD	115 000	0%	0	0%	0

Other charges

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	2 910	695,1%	366	-99,5%	69 151

Operating charges (III-IV)

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

Financial income (V)

			31/12/2010		31/12/2009		31/12/2008
	Total financial income (Total V)	GP	2 025	-96,5%	58 646	-45,1%	106 811
	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	1 801	102,4%	890	-99,2%	106 811
	Released provisions and transferred charges	GM	0	0%	320	0%	0
	Exchange gains	GN	224	-96,9%	7 157	0%	0
	Net income from disposal of investment securities	GO	0	0%	50 279	0%	0

Financial Charge (VI)

			31/12/2010		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	180 493	142,0%	74 569	50,5%	49 540
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	180 415	155,7%	70 559	42,4%	49 540
	Exchange losses	GS	78	-97,9%	3 699	0%	0
	Net loss from disposal of investment securities	GT	0	0%	311	0%	0

Financial Charge (VII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary income (Total VII)	HD	641 103	6854,1%	9 219	-66,4%	27 400
	Extraordinary operating income	HA	1 095	-76,2%	4 597	-83,2%	27 400
	Extraordinary income from capital transactions	HB	640 008	13747,0%	4 622	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	873 538	356,6%	191 319	2,2%	187 232
	Extraordinary operating charges	HE	685	-79,4%	3 326	-98,2%	187 232
	Extraordinary charges from capital transactions	HF	788 327	334,6%	181 403	0%	0
	Extraordinary reserves and provisions	HG	84 526	1182,6%	6 590	0%	0

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	-8 866	98,1%	-477 836	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	4 605	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	667	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	OG	0	0%	0	0%	3 643 005
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	19 312
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	1 071 315	36,4%	785 408	1463,7%	50 227
	Gross value at the end of period	OL	5 457 724	48,5%	3 674 331	1,7%	3 612 090

Research and development Charge (Total I)

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

Other budget item from Intangible fixed assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	KD	1 752 807	36,5%	1 283 884	0%	1 283 884
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	1 516 164	223,3%	468 923	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	609 796	0%	0	0%	0
	Gross value at the end of period	LW	2 659 175	51,7%	1 752 807	36,5%	1 283 884

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	1 793 367	-19,6%	2 230 064	-1,3%	2 259 284
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	1 259 575	295,6%	318 436	1548,9%	19 312
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	458 265	-39,3%	755 132	1455,9%	48 533
	Gross value at the end of period	NH	2 594 677	44,7%	1 793 368	-19,6%	2 230 063

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	128 157	30,6%	98 143	-1,7%	99 837
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	78 969	31,0%	60 290	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	3 254	-89,3%	30 276	1687,2%	1 694
	Gross value at the end of period	NK	203 872	59,1%	128 157	30,6%	98 143

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

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	1 529 907
Increases		0P	0	0%	0	0%	124 445
Decreasess		0Q	0	0%	0	0%	9 860
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	1 644 492

Research and development charge (Total I)

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

Other intangible assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	22 993	594,2%	3 312	70,9%	1 938
Increases		PF	69 310	252,2%	19 681	1332,4%	1 374
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	92 303	301,4%	22 993	594,2%	3 312

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	1 037 148	-36,8%	1 641 179	7,4%	1 527 969
Increases		QV	406 012	168,7%	151 101	22,8%	123 071
Decreases		QW	454 866	-39,8%	755 132	7558,5%	9 860
	Decreasess by budget item transfer	QX	988 294	-4,7%	1 037 148	-36,8%	1 641 180

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

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

Premium refund of obligations

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

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

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7C	63 779	-89,4%	604 345	30,7%	462 318
Increases		UB	252 815	905,4%	25 145	-81,4%	134 872
Decreases		UC	15 984	-97,2%	565 711	175586,6%	322
	Value at the end of period	UD	300 610	371,3%	63 779	-89,3%	596 868

Includes Total allocations

Operating	UE	252 815	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	15 984	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

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

Total risk and charge provisions (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	5Z	0	0%	77 607	0%	0
Increases		TV	115 000	0%	0	0%	77 607
Decreases		TW	0	0%	77 607	0%	0
	Value at the end of period	TX	115 000	0%	0	0%	77 607

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7B	63 779	-87,9%	526 738	13,9%	462 318
Increases		TY	137 815	448,1%	25 145	-56,1%	57 265
Decreases		TZ	15 984	-96,7%	488 104	151485,1%	322
	Value at the end of period	UA	185 610	191,0%	63 779	-87,7%	519 261

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	1 233 861	-13,1%	1 419 823	79,9%	789 365
1 year at most	VU	1 037 989	-26,9%	1 419 823	105,4%	691 222
More than one year	VV	195 872	0%	0	0%	98 143

State of loans

		31/12/2010		31/12/2009		31/12/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	195 872	52,8%	128 157	30,6%	98 143
Other financial assets (1 year at most)	UV	0	0%	128 157	0%	0

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	84 357	31,4%	64 176	0%	0
Other claims customer	UX	691 364	16,9%	591 556	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	2 500	0%	0	0%	1 679
Social Security and other social organizations	UZ	-11 211	-21,9%	-9 194	0%	0
Income taxes	VM	200 000	-58,1%	477 836	286,6%	123 594
Value added tax	VB	66 158	-25,1%	88 349	18,1%	74 784
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	0	0%	7 211	-25,8%	9 723

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	4 820	-93,3%	71 731	4,4%	68 682

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	6 781 362	158,8%	2 619 966	128,9%	1 144 808
1 year at most		VZ2	6 456 362	146,4%	2 619 966	128,9%	1 144 808
More than 1 year and 5 years at most		VZ3	325 000	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2009		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	200 494	98,4%	101 078	0%	0
1 year at most		VG2	200 494	98,4%	101 078	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	425 000	0%	0	0%	0
1 year at most		VH2	100 000	0%	0	0%	0
More than 1 year and 5 years at most		VH3	325 000	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	3 572 884	0%	0	0%	0
1 year at most		8A2	3 572 884	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	1 814 974	29,2%	1 404 603	151,0%	559 664
1 year at most		8B2	1 814 974	29,2%	1 404 603	151,0%	559 664
More than 1 year and 5 years at most		8B3	1 814 974	29,2%	1 404 603	0%	0
	Personnel and associated accounts (gross)	8C1	112 644	21,4%	92 800	0%	0
1 year at most		8C2	112 644	21,4%	92 800	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	366 359	64,2%	223 056	-32,6%	331 066
1 year at most		8D2	366 359	64,2%	223 056	-32,6%	331 066
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	115 795	11,1%	104 221	0%	0
1 year at most		VW2	115 795	11,1%	104 221	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	40 372	484,8%	6 903	0%	0
1 year at most		VQ2	40 372	484,8%	6 903	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	60 000	0%	60 000	0%	0
1 year at most		8J2	60 000	0%	60 000	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	67 736	-88,2%	574 499	0%	0
1 year at most		VI2	67 736	-88,2%	574 499	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	5 104	-90,3%	52 807	-79,2%	254 078
1 year at most		8K2	5 104	-90,3%	52 807	-79,2%	254 078
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

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

Commitments

		31/12/2010		31/12/2009		31/12/2008
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	82 965

Other charges Externes

		31/12/2010		31/12/2009		31/12/2008
Subcontracting	YT	468 850	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	461 346	0%	0	0%	0
Staff outside the company	YU	256 715	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	155 227	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	910 741	0%	0	0%	0
Total Other purchases and external	ZJ	2 252 879	0%	0	0%	0

Taxes and Fees

		31/12/2010		31/12/2009		31/12/2008
Business tax	YW	45 733	0%	0	0%	0
Other taxes and payments assimilated	9Z	136 860	0%	0	0%	0
Total taxes and fees	YX	182 593	0%	0	0%	0

VAT

		31/12/2010		31/12/2009		31/12/2008
Amount VAT collected	YY	1 660 654	0%	0	0%	0
Total VAT on goods and services	YZ	657 258	0%	0	0%	0

Average number of employees

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	90	83,7%	49	0%	0

Groups and Shareholders

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

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Fixed Asset Financing		1,10	0,9%	1,09	-14,8%	1,28	1,78	-38,2%
Global Debt		312 days	49,3%	209 days	134,8%	89 days	133 days	134,6%
Working Capital Fund overall net		24 days	-7,7%	26 days	-67,1%	79 days	62 days	-61,3%
Financial independence		115,65%	-95,1%	2346,25%	-	%	326%	-64,5%
More ratios
Solvability		9,49%	-80,0%	47,51%	-31,4%	69,24%	33,58%	-71,7%
Capacity debt futures		240,72%	-89,7%	2346,25%	-	%	973,96%	-75,3%
Coverage of current assets by net working capital overall		15,28%	16,4%	13,13%	-65,2%	37,77%	40,07%	-61,9%
General Liquidity		0,16	-70,4%	0,54	-10,0%	0,60	0,46	-65,2%
Restricted Liquidity		0,23	-62,9%	0,62	-48,3%	1,20	0,89	-74,2%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital		12 days	-7,7%	13 days	-35,0%	20 days	15,50 days	-22,6%
Treasury		12 days	50,0%	8 days	-84,9%	53 days	7 days	71,4%
Inventory turnover of goods		0 days	0%	0 days	-	days	49 days	0%
Average length of credit granted to customers		29 days	-44,2%	52 days	33,3%	39 days	31 days	-6,5%
Average length of credit obtained suppliers		98 days	-35,5%	152 days	162,1%	58 days	51 days	92,2%
More ratios
Inventory turnover of raw materials in industrial enterprises		85 days	-30,9%	123 days	59,7%	77 days	41 days	107,3%
Inventory turnover of intermediate and finished products in the industrial enterprise		302 days	19,8%	252 days	-	days	976,50 days	-69,1%
Rotation tangible assets		301,85%	19,9%	251,71%	21,4%	207,37%	813,11%	-62,9%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading		3,68%	-85,6%	25,62%	0%	0	0%	0%
Profitability of the business		-7,99	65,3%	-23	-67,5%	-13,73	2,22%	-459,9%
Net profit		-21,04%	-149,6%	-8,43%	62,6%	-22,53%	1,71%	-1330,4%
More ratios
Growth rate of turnover (excluding VAT)		73,51%	3175,7%	-2,39%	79,6%	-11,70%	-0,45%	16435,6%
Rates integration		35,41%	46,7%	24,13%	-8,9%	26,49%	27,49%	28,8%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		115,99%	-36,9%	183,71%	27,9%	143,68%	79,49%	45,9%
Weight interests		2,30	39,4%	1,65%	54,2%	1,07%	0,26%	784,6%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability		-13,29%	-1720,5%	-0,73%	93,8%	-11,75%	2,61%	-609,2%
Rates of economic profitability		-13%	61,8%	-34%	-47,8%	-23%	8%	-262,5%
Financial profitability		723359%	-69,5%	2371539%	-13,8%	2751912%	17105%	4128,9%
Return on investment		-29,42%	-193,0%	-10,04%	72,1%	-36,05%	8,34%	-452,8%

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	7 832 126	73,5%	4 513 997	-2,4%	4 624 535	243 692 €	3113,9%

Sales of goods	2 587 282	10,8%	2 334 236	0%	0
- Purchase of goods	2 299 115	95,2%	1 177 586	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	288 167 €	-75,1%	1 156 650 €	0%	0 €	0 €	0%
	3,68 % CA	-85,6%	25,62 % CA	0%	0,00 % CA	0,12 % CA	2966,7%

Sale of goods produced	5 244 844	140,6%	2 179 761	-52,9%	4 624 535
+/- Stocked production	958 517	1118,9%	-94 073	-216,8%	80 508
+ Self-constructed assets	0	0%	0	0%	0
Period production	6 203 361 €	197,4%	2 085 688 €	-55,7%	4 705 043 €	75 345 €	8133,3%
	79,20 % CA	71,4%	46,20 % CA	-54,6%	101,74 % CA	99,49 % CA	-20,4%

Trading margin	288 167	-75,1%	1 156 650	0%	0	0	0%
+ Period Production	6 203 361	197,4%	2 085 688	-55,7%	4 705 043	75 345	8133,3%
- Purchase of raw materials	1 485 493	97,4%	752 373	-63,7%	2 075 155
+/- Change in stocks of raw materiels	-20 533	-118,3%	112 186	104,2%	54 952
- Other external purchases and charges	2 252 878	74,9%	1 288 441	-4,5%	1 349 753
Added value	2 773 690 €	154,6%	1 089 338 €	-11,1%	1 225 183 €	67 510 €	4008,6%
	35,41 % CA	46,7%	24,13 % CA	-8,9%	26,49 % CA	27,49 % CA	28,8%

Added value	2 773 690 €	154,6%	1 089 338 €	-11,1%	1 225 183 €	67 510 €	4008,6%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	18b2 593	44,7%	126 191	26,4%	99 805
- Personal charges	3 217 151	60,8%	2 001 243	13,7%	1 760 347
Gross operating surplus	-626 054 €	39,7%	-1 038 096 €	-63,5%	-634 969 €	3 028 €	-20775,5%
	-7,99 % CA	65,3%	-23,00 % CA	-67,5%	-13,73 % CA	2,22 % CA	-459,9%

Gross operating surplus	-626 054 €	39,7%	-1 038 096 €	-63,5%	-634 969 €	3 028 €	-20775,5%
+ Release of reserves and provisions	20 589	-96,4%	565 405	0%	0
+ Other operating income	5 840	164,1%	2 211	-99,2%	263 385
- Depreciation/Amortisation	643 610	239,9%	189 338	-62,0%	498 415
- Other charges	2 910	695,1%	366	-99,5%	69 151
Operating result	-1 246 145 €	-88,8%	-660 184 €	29,7%	-939 150 €	2 141 €	-58303,9%
	-15,91 % CA	-8,7%	-14,63 % CA	28,0%	-20,31 % CA	1,76 % CA	-1004,0%

Operating result	-1 246 145 €	-88,8%	-660 184 €	29,7%	-939 150 €	2 141 €	-58303,9%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	2 025	-96,5%	58 646	-45,1%	106 811
- Financial charges	180 493	142,0%	74 569	50,5%	49 540
Pre-tax result	-1 424 613 €	-110,7%	-676 107 €	23,3%	-881 879 €	1 957 €	-72895,8%
	-18,19 % CA	-21,4%	-14,98 % CA	21,4%	-19,07 % CA	1,43 % CA	-1372,0%

Extraordinary income	641 103	6854,1%	9 219	-66,4%	27 400	01	64110200%
- Extraordinary charges	873 538	356,6%	191 319	2,2%	187 232
Extraordinary result	-232 435 €	-27,6%	-182 100 €	-13,9%	-159 832 €	0 €	0%
	-2,97 % CA	26,3%	-4,03 % CA	-16,5%	-3 % CA	0 % CA	0%

Pre-tax result	-1 424 613 €	-110,7%	-676 107 €	23,3%	-881 879 €	1 957 €	-72895,8%
Extraordinary result	-232 435 €	-27,6%	-182 100 €	-13,9%	-159 832 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	-8 866	98,1%	-477 836	0%	0
Net result	-1 648 182 €	-333,3%	-380 371 €	63,5%	-1 041 711 €	3 259 €	-50673,2%
	-21,04 % CA	-149,6%	-8,43 % CA	62,6%	-22,53 % CA	1,74 % CA	-1309,2%

FOREIGN EXCHANGE RATES

Please complete

ADDITIONAL INFORMATION

event history
Status history
Date	Description
1/7/2011	Economically active
Recent publications in Gazettes
Publication date	Gazette Name	Description
14/10/2011	Bodacc A	Vente et cession : Acheteur
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
563 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée. Capital : 16000 EUR. Adresse : 3 rue Barbette, 75003 Paris.
Origine du fonds : Fonds acquis par achat au prix stipulé de 100000,00 euros. Etablissement : Etablissement complémentaire. Activité : Prêt à porter hommes femmes enfants et accessoires de mode s'y rapportant. Adresse : 6 rue de Marseille, 75010 Paris.
Précédent propriétaire : MAJE BOUTIQUE. 441 015 526 RCS Paris.
A dater du : 03/02/1984. Date de commencement de l’activité : 01/08/2011. Publication légale : Journal Spécial des Sociétés Françaises par Actions du 03/09/2011. Oppositions : Me Issad 99 boulevard de Beaumarchais 1 rue St claude Hotel de Cagliostro 75003 Paris pour la validité et la correspondance. Descriptif : . Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
2/9/2011	JAL	Activity or goodwill cession
Journal spécial des sociétés (Le)
Date de décision : 28/07/2011
Cédant : 441015526 - MAJE BOUTIQUE, MAJE, 24 RUE DU MAIL, 75002 PARIS 2
Cessionnaire : 328759857 - CLAUDIE PIERLOT, CLAUDE PIERLOT, 3 RUE BARBETTE, 75003 PARIS 3
Prix de vente : 100000 €
trDate d’effet : 01/08/2011
26/08/2011	Bodacc B	Modification et mutation diverse
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
1773 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée. Capital : 16000 EUR. Activité : Création de modèles, achat, vente, représentation, gestion de stocks de tous textiles, articles de confection et articles accessoires de mode, prêt-a-porter pour hommes, femmes et enfants - vente de parfums, eaux-de-parfums et eaux de toilette, sous la marque Claudie Pierlot. Adresse de l’établissement principal : 3 rue Barbette, 75003 Paris.
Adresse du siège social : 3 rue Barbette, 75003 Paris.
Commentaires : modification survenue sur l'activité de l'établissement principal, l'adresse du siège et l'adresse de l'établissement.
25/08/2011	JAL	Head Office Transfer
Nouvel Economiste (Le)
Date de décision : 01/07/2011
Transfert du siège social de la société 328759857 -  CLAUDIE PIERLOT
Adresse du nouveau siège : 3 Rue Barbette, 75003 PARIS 03
Ancienne localisation : 23 RUE D ABOUKIR, 75002 PARIS 2
Date d'effet : 01/07/2011
10/6/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
7514 - 328759857 RCS. CLAUDIE PIERLOT. Forme : Société par actions simplifiée. Adresse : 23 rue d'Aboukir 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
25/05/2011	Bodacc A	Vente et cession : Acheteur
34 - HERAULT
GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER
618 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée unipersonnelle. Adresse : 23 rue d'Aboukir, 75002 Paris 02.
Origine du fonds : Etablissement secondaire acquis par achat au prix stipulé de 230000 Euros. Etablissement : Etablissement secondaire. Activité : Création de modèles, achat, vente, représentation, gestion de stocks de tous textiles, articles de confection er articles accessoires de mode, prèt à porter pour hommes, femmes et enfants. Vente de parfums, eaux de parfums et eaux de toilette, sous la marque claudie pierlot. Adresse : 19 rue de l'Argenterie, 34000 Montpellier.
Précédent propriétaire : AXEBAG. 421 506 809 RCS Montpellier.
Date de commencement de l’activité : 01/03/2011. Publication légale : Hérault Juridique et Economique du 28/04/2011. Oppositions : Scp Aupecle - Mouton - Le Floch Huissiers de Justice Associés CS 62180 34960 Montpellier Cedex 2. Descriptif : . Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
28/04/2011	JAL	Activity or goodwill cession
Herault juridique et économique (L')
Date de décision : 10/03/2011
Cédant : 421506809 - SARL AXEBAG, AXE FEMININ, 19 RUE DE L ARGENTERIE, 34000 MONTPELLIER
Cessionnaire : 328759857 - CLAUDIE PIERLOT, 23 RUE D ABOUKIR, 75002 PARIS 2
Prix de vente : 230000 €
trDate d’effet : 01/03/2011
19/12/2010	Bodacc A	Vente et cession : Acheteur
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
1056 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée à associé unique. Capital : 16000 EUR. Adresse : 23 rue d'Aboukir, 75002 Paris.
Origine du fonds : Fonds acquis par achat au prix stipulé de 206000,00 euros. Etablissement : Etablissement complémentaire. Activité : Commerce d'achat et vente articles de mode chaussures confection bimbeloterie, de cadeaux et bijoux. Adresse : 12 rue Guichard, 75016 Paris.
Précédent propriétaire : SARL MAJE BOUTIQUE. 441 015 526 RCS Paris.
Précédent exploitant : SARL MAJE BOUTIQUE. 441 015 526 RCS Paris.
A dater du : 03/02/1984. Date de commencement de l’activité : 05/10/2010. Publication légale : JOURNAL SPECIAL DES SOCIETES du 28/10/2010. Oppositions : Etude de Maitre ISSAD Hotel Cagliostro 99 bld Beaumarchais 75003 Paris pour la validité . Descriptif : . Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
19/12/2010	Bodacc B	Modification et mutation diverse
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
1829 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée. Administration : nomination du Commissaire aux comptes titulaire : KPMG S.A., nomination du Commissaire aux comptes suppléant : Goalec, Isabelle. Capital : 16000 EUR. Activité : .
Adresse du siège social : 23 rue d'Aboukir, 75002 Paris.
Commentaires : modification survenue sur la forme juridique et l'administration.
30/11/2010	Bodacc A	Vente et cession : Acheteur
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
594 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée à associé unique. Capital : 16000 EUR. Adresse : 23 rue d'Aboukir, 75002 Paris.
Origine du fonds : Fonds acquis par achat au prix stipulé de 210000,00 euros. Etablissement : Etablissement complémentaire. Activité : Prêt à porter hommes femmes et accessoires. Adresse : 38-40 avenue Victor Hugo, 75016 Paris.
Précédent propriétaire : MAJE BOUTIQUE. 441 015 526 RCS Paris.
A dater du : 03/02/1984. Date de commencement de l’activité : 13/09/2010. Publication légale : JOURNAL SPECIAL DES SOCIETES du 12/10/2010. Oppositions : Maître ISSAD Paris Hôtel de Cagliostro 99 bd Beaumarchais 1 rue Saint Claude 75003 pour la validité . Descriptif : . Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
28/10/2010	JAL	Activity or goodwill cession
Journal spécial des sociétés (Le)
Date de décision : 05/10/2010
Cédant : 441015526 - MAJE BOUTIQUE, MAJE, 14 RUE DU MAIL, 75002 PARIS 2
Cessionnaire : 328759857 - CLAUDIE PIERLOT, 23 RUE D ABOUKIR, 75002 PARIS 2
Prix de vente : 206000 €
trDate d’effet : 05/10/2010
#########	JAL	Activity or goodwill cession
Journal spécial des sociétés (Le)
Date de décision : 13/09/2010
Cédant : 441015526 - MAJE BOUTIQUE, MAJE, 14 RUE DU MAIL, 75002 PARIS 2
Cessionnaire : 328759857 - CLAUDIE PIERLOT, 23 RUE D ABOUKIR, 75002 PARIS 2
Prix de vente : 210000 €
20/09/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
5031 - 328759857 RCS. CLAUDIE PIERLOT. Forme : Société par actions simplifiée à associé unique. Adresse : 23 R D ABOUKIR 75002 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
8/7/2010	Bodacc A	Vente et cession : Acheteur
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
1261 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée à associé unique. Capital : 16000 EUR. Adresse : 23 rue d'Aboukir, 75002 Paris.
Origine du fonds : Fonds acquis par achat au prix stipulé de 100000,00 euros. Etablissement : Etablissement complémentaire. Activité : Négoce de prêt à porter homme femme enfant et accessoires de mode. Adresse : 45 rue Croix des Petits Champs, 75001 Paris.
Précédent propriétaire : GEORGES RECH PARIS. 480 258 714 RCS Paris.
Précédent exploitant : GEORGES RECH PARIS. 480 258 714 RCS Paris.
A dater du : 03/02/1984. Date de commencement de l’activité : 12/05/2010. Publication légale : JOURNAL SPECIAL DES SOCIÉTÉS du 08/06/2010. Oppositions : SEQUESTRE JURIDIQUE ORDRE DES AVOCATS DE PARIS 11 pce Dauphine 75053 Paris cedex 01 pour la validité . Descriptif : . Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
8/6/2010	JAL	Activity or goodwill cession
LE JOURNAL SPECIAL DES SOCIETES
Date de décision : 28/05/2010
Fond cédé : 480258714 - GEORGES RECH PARIS, GEORGES RECH, 45 RUE CROIX DES PETITS CHAMPS, 75001 PARIS 1
Cédant : 480258714 - GEORGES RECH PARIS, 13 RUE D'UZES, 75002 PARIS 2
Cessionnaire : 328759857 - CLAUDIE PIERLOT, 23 RUE D ABOUKIR, 75002 PARIS 2
Prix de vente : 100000 €
15/04/2010	Bodacc A	Vente et cession : Acheteur
92 - HAUTS-DE-SEINE
GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE
1900 - 328 759 857 RCS Nanterre. CLAUDIE PIERLOT. Forme : Société par actions simplifiée. Adresse : 23 rue d'Aboukir, 75002 Paris.
Origine du fonds : Achat d'un fonds de commerce. Etablissement : Etablissemennt complémentaire. Activité : négoce de prêt à porter. Adresse : 33 rue de Chartres, 92200 Neuilly-sur-Seine.
Précédent propriétaire : ZAYANK. 498 771 492 RCS Nanterre.
Date de commencement de l’activité : 09/03/2010. Publication légale : Le Journal Spécial des Sociétés Françaises par Action du 20/03/2010. Oppositions : Au Mandataire l'Etude de Me Frédéric NADJAR 18 AVENUE CHARLES DE GAULLE 92523 Neuilly sur Seine pour la validité et pour la correspondance. Descriptif : Etablissement secondaire/compl¿mentaire acquis par achat au prix stipul¿ de 120000 Euros. Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
20/03/2010	JAL	Activity or goodwill cession
LE JOURNAL SPECIAL DES SOCIETES
Date de décision : 16/03/2010
Cédant : 498771492 - ZAYANK, SUGAR, 33 RUE DE CHARTRES, 92200 NEUILLY SUR SEINE
Cessionnaire : 328759857 - CLAUDIE PIERLOT, 23 RUE D ABOUKIR, 75002 PARIS 2
Prix de vente : 120000 €
Eléments incorporels : 120000 €
#########	Bodacc A	Vente et cession : Acheteur
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
374 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée à associé unique. Capital : 16000 EUR. Adresse : 23 rue d'Aboukir, 75002 Paris.
Origine du fonds : Fonds acquis par achat au prix stipulé de 155000,00 euros. Etablissement : Etablissement complémentaire. Activité : Prêt-à-porter hommes, femmes, enfants et accessoires de mode. Adresse : 9 rue des Blancs Manteaux, 75004 Paris.
Précédent propriétaire : MAJE BOUTIQUE. 441 015 526 RCS Paris.
Précédent exploitant : MAJE BOUTIQUE. 441 015 526 RCS Paris.
A dater du : 03/02/1984. Date de commencement de l’activité : 01/09/2009. Publication légale : Journal spécial des sociétés françaises par actions du 08/10/2009. Oppositions : CABINET DE MAITRE ISSAD Hotel de Cagliostro 99 bld Beaumarchais - 1 rue Saint Claude 75003 Paris pour la validité . Descriptif : . Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
20/08/2009	Bodacc B	Modification et mutation diverse
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
729 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée à associé unique. Capital : 16000 EUR. Adresse de l’établissement principal : 23 rue d'Aboukir, 75002 Paris.
Adresse du siège social : 23 rue d'Aboukir, 75002 Paris.
Commentaires : modification survenue sur l'adresse du siège, l'adresse de l'établissement et la date de début d'activité. Date de commencement de l’activité : 23/12/1983.
23/04/2009	Bodacc B	Modification et mutation diverse
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
476 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée à associé unique. Administration : nomination du Directeur général délègué : Moyal, nom d'usage : Milgrom, Judith, nomination du Directeur général délègué : Moyal, nom d'usage : Chetrite, Rebecca Evelyne. Capital : 16000 EUR.
Adresse du siège social : 28 rue du Sentier, 75002 Paris.
Commentaires : modification survenue sur l'administration.
3/4/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
8827 - 328759857 RCS. CLAUDIE PIERLOT. Forme : Société par actions simplifiée à associé unique. Adresse : 28 rue du Sentier 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
17/03/2009	Bodacc B	Modification et mutation diverse
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
1827 - 328 759 857 RCS Paris. CLAUDIE PIERLOT. Forme : Société par actions simplifiée à associé unique. Administration : Gérant partant : Pierlot, Claudie, nomination du Président : Kouby, Elie, nomination du Directeur général : Biousse, Frédéric. Capital : 16000 EUR.
Adresse du siège social : 28 rue du Sentier, 75002 Paris.
Commentaires : modification survenue sur la forme juridique et l'administration.
21/08/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
5316 - 328759857 RCS. CLAUDIE PIERLOT. Forme : Société à responsabilité limitée. Adresse : 28 rue du Sentier 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
#########	Bodacc B	Modifications et mutations diverses
1344 - RCS Paris B 328 759 857. RC 84-B 1094. CLAUDIE PIERLOT. Forme : S.A.R.L. Capital : 16 000 euros. Adresse du siège social : 28 rue du Sentier,, 75002 Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : SAILLARD (Pierre). Commissaire aux comptes suppléant partant : MEUNIER (Marcel). Nomination d'un commissaire aux comptes titulaire : CECOMEX STE DE COMMISSARIAT AUX COMPTES PARIS. Nomination d'un commissaire aux comptes suppléant : BORIE (Gilles).
13/09/2006	Bodacc C	Avis de dépôt des comptes
509 - RCS Paris B 328 759 857. RC 84-B 1094. CLAUDIE PIERLOT. Forme: S.A.R.L.. Adresse du siège social: 28, R du Sentier,Paris, 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
3/10/2005	Bodacc C	Avis de dépôt des comptes
470 - RCS Paris B 328 759 857. RC 84-B 1094. CLAUDIE PIERLOT. Forme: S.A.R.L.. Adresse du siège social: 28, R du Sentier,Paris, 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
31/07/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 328759857 RC 84-B 1094 CLAUDIE PIERLOT. Forme : S.A.R.L. Capital : 16 000 euros. Commentaires : modification survenue sur le capital (augmentation).
2/1/1999	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 328 759 857 RC RC 84- B 1094 CLAUDIE PIERLOT. Forme : S.A.R.L. Activité : création de modèles, achat, vente, représentation, gestion de stocks de tous textiles, articles de confection et articles d'accessoires de mode, pret-à-porter pour hommes, femmes et enfants, vente de parfums, eaux de parfums et eaux de toilette, sous la marque Claudie Pierlot. Commentaires : modification survenue sur l'activité.
Company events history
Date	Description
4/3/2012	Formation of Establishment
4/3/2012	Update of Company Workforce
14/10/2011	Bodacc A : Sale and transfer
26/08/2011	Bodacc B: Various editing or changing
25/08/2011	Legal Gazette: Head Office Transfer
11/8/2011	Updated articles of association
11/8/2011	Minutes of general meeting of shareholders
11/8/2011	Registered office transferred inside jurisdiction of the Commercial Court
28/07/2011	Legal Gazette: Activity or goodwill cession
1/7/2011	Update of Company Head Office Identifier
1/7/2011	Transfer of Establishment
10/6/2011	Bodacc C : Deposit accounts notice
25/05/2011	Bodacc A : Sale and transfer
6/5/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
10/3/2011	Legal Gazette: Activity or goodwill cession
31/12/2010	New accounts available
29/12/2010	Collection of preferential rights activated for this company
19/12/2010	Bodacc B: Various editing or changing
19/12/2010	Bodacc A : Sale and transfer
2/12/2010	Minutes of general meeting of shareholders
30/11/2010	Bodacc A : Sale and transfer
5/10/2010	Legal Gazette: Activity or goodwill cession
20/09/2010	Bodacc C : Deposit accounts notice
13/09/2010	Legal Gazette: Activity or goodwill cession
8/7/2010	Bodacc A : Sale and transfer
28/05/2010	Legal Gazette: Activity or goodwill cession
15/04/2010	Bodacc A : Sale and transfer
20/03/2010	Legal Gazette: Activity or goodwill cession
23/02/2010	Formation of Establishment
31/12/2009	New accounts available
#########	Bodacc A : Sale and transfer
20/08/2009	Bodacc B: Various editing or changing
4/8/2009	Registered office transferred inside jurisdiction of the Commercial Court
4/8/2009	Updated articles of association
4/8/2009	Minutes of general meeting of shareholders
4/8/2009	Private document
23/04/2009	Bodacc B: Various editing or changing
6/4/2009	Changes to the Board of Directors
6/4/2009	Private document
6/4/2009	Minutes of general meeting of shareholders
6/4/2009	Updated articles of association
6/4/2009	Amendment
3/4/2009	Bodacc C : Deposit accounts notice
17/03/2009	Bodacc B: Various editing or changing
26/02/2009	Capital reduction
26/02/2009	Appointment/resignation of company officers
26/02/2009	New legal form – new category
26/02/2009	New legal form – no new category
26/02/2009	Minutes of general meeting of shareholders
26/02/2009	Private document
26/02/2009	Updated articles of association
26/02/2009	New chairman (CEO, CoB)
26/02/2009	Changes to the Board of Directors
26/02/2009	Amendment
2/2/2009	Private document
2/2/2009	Rapport des Commissaires ou du Gérant
2/2/2009	Audit or Management Report
31/12/2008	New accounts available
21/08/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
31/12/2006	New accounts available
22/09/2006	Minutes of general meeting of shareholders
22/09/2006	PV d'Assemblée
22/09/2006	Appointment/resignation of company officers
22/09/2006	New auditor
22/09/2006	Acte sous seing privé
22/09/2006	Private document
22/09/2006	Changement de Commissaire aux Comptes
22/09/2006	Nomination/démission des organes de gestion
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
16/07/2001	Acte sous seing privé
16/07/2001	Statuts mis à jour
16/07/2001	PV d'Assemblée
16/07/2001	Augmentation de Capital
16/07/2001	Conversion du Capital Social en Euros
15/12/1998	Modification de l'objet social
15/12/1998	PV d'Assemblée
15/12/1998	Statuts mis à jour
15/12/1998	Acte sous seing privé
Establishment events history
Date	Description
4/3/2012	Modification of Head office
1/7/2011	Formation of Head office (after transfer)
23/02/2010	Modification of Head office

Establishment details
	Trade name	CLAUDE PIERLOT
	Activity (APE)	Commerce de détail d'habillement en magasin spécialisé (4771Z)	Business Pages FT®
	Postal Address	CLAUDIE PIERLOT	Trading Address	3 RUE BARBETTE
		CLAUDE PIERLOT		75003 PARIS 3
		3 RUE BARBETTE
		75003 PARIS 3
	Telephone
	Fax
	Type	Head office	Status	Economically active
	Formation Date	Jul-11	Reason for formation	Formation
	Closure Date		Reason for closure
	Reactivation Date		Production Role
	Activity Nature		Activity Location
	Location surface		Seasonality
	Department		Region	Ile-de-France
	District		Area
	City	PARIS 3	Size of urban area
Other establishments
	Branches	22 branch entities in this company
	Head office
		> CLAUDIE PIERLOT <<<  - Fabrication de vêtements de dessus (1413Z)  in PARIS 3  (75003)
	Secondary establishments	>  CLAUDIE PIERLOT  - Fabrication de vêtements de dessus (1413Z)  in STRASBOURG  (67000)
		>  CLAUDIE PIERLOT  - Fabrication de vêtements de dessus (1413Z)  in PARIS 1  (75001)
		>  CLAUDIE PIERLOT  - Fabrication de vêtements de dessus (1413Z)  in PARIS 4  (75004)
		>  CLAUDIE PIERLOT  - Fabrication de vêtements de dessus (1413Z)  in GRENOBLE  (38000)
		> ...
	Regionality	Legal unit with all establishments in same area
	Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 50 to 80% of workforce
Workforces
	Workforce at address	20 to 49 employees	Company workforce	100 to 199 employees

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.90
UK Pound	1	Rs.80.77
Euro	1	Rs.67.40

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.