MIRA INFORM REPORT

Report Date :

29.03.2012

IDENTIFICATION DETAILS

Name :	VISSERIE SERVICE SA
Registered Office :	Zi, All Du Champ Barilleau Zi, 72300 Parce Sur Sarthe
Country :	France
Financials (as on) :	31.03.2010
Date of Incorporation :	April 1975
Com. Reg. No.:	RCS Le Mans 7 302 494 224
Legal Form :	Public limited company with board of directors
Line of Business :	Wholesale business Hardware
No. of Employees :	20 to 49 employees

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 :	250,000 €
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^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 name

Top of Form

Name

VISSERIE SERVICE SA

SIRET

302 494 224 00033

company summary

Activity (APE)	Commerce de gros (commerce interentreprises) de quincaillerie (4674A) (Wholesale (business to business) Hardware(4674A))	Legal form	Public limited company with board of directors
Phone	02 43 62 09 02	RCS Registration	RCS Le Mans 7 302 494 224
Fax	02 43 92 03 69	Share capital	1,005,000 Euros
Address	VISSERIE SERVICE SA ZI ALL DU CHAMP BARILLEAU ZI 72300 PARCE SUR SARTHE	Incorporated Date	04/1975
Nationality	France	Status	Economically active

Limit [€]

250,000 €

Last published preferential right

No social security and tax office preferential right to date

Current Directors

3

Trading to Date	03/31/2010	03/31/2009	03/31/2008
Turnover	14,910,917 €	15,122,215 €	14,326,441 €
Gross Operating Surplus	14,80 % Turnover	15,29 % Turnover	17,29 % Turnover
Net worth	6,302,964 €	5,800,659 €	5,070,570 €
Employees	20 to 49 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) de quincaillerie (4674A)
RCS Registration	RCS Le Mans 7 302 494 224	Share capital	1,005,000 Euros
Registration Court	Le Mans (72)	Legal form	Public limited company with board of directors
Court Registry Number	19 7 5B000	EU VAT Number	FR57302494224
Incorporation Date	04/1975	Formation Date	01/1975
Deregistration Date		Last account Date	31/03/2010
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) de quincaillerie (4674A)	Business Pages FT®	BOULONNERIE VISSERIE CLOUTERIE
Postal Address	VISSERIE SERVICE SA ZI ALL DU CHAMP BARILLEAU ZI 72300 PARCE SUR SARTHE	Trading Address	ALLÉE DU CHAMP BARILLEAU ZI 72300 PARCE SUR SARTHE
Telephone	02 43 62 09 02
Fax	02 43 92 03 69

Type	Head office	Status	Economically active
Formation Date	10/1983	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Sarthe (72)	Region	Pays de La Loire
District	1	Area	27
City	PARCE SUR SARTHE	Size of urban area	Establishment in a rural municipality

Other establishments

Branches	4 branch entities in this company
Head office	> VISSERIE SERVICE SA <<<  - Commerce de gros (commerce interentreprises) de quincaillerie (4674A)  in PARCE SUR SARTHE  (72300)
Secondary establishments	>  VISSERIE SERVICE SA  - Commerce de gros de quincaillerie (515H)  in CHATEAU GONTIER  (53200) >  VISSERIE SERVICE SA  - Commerce de gros (commerce interentreprises) de quincaillerie (4674A)  in CHATEAU GONTIER  (53200) >  VISSERIE SERVICE SA  - Commerce de gros (commerce interentreprises) de quincaillerie (4674A)  in SOLESMES  (72300) >  VISSERIE SERVICE SA  - Commerce de gros (commerce interentreprises) de quincaillerie (4674A)  in LA FLECHE  (72200)

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

20 to 49 employees

Company workforce

20 to 49 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/03/2010	31/03/2009	31/03/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	21/10/2010	08/10/2009	-
Activity Code	4674A	4674A	4674A
Employees	46	0	44

Active account

Annual Accounts	31/03/2010		31/03/2009		31/03/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	586 140	35,5%	432 479	8,0%	400 585	56 197,50	943,0%
- Intangible assets	1 929	-68,8%	6 176	-40,7%	10 422	1 148	68,0%
- Tangible assets	559 480	39,2%	401 962	12,8%	356 322	20 837	2585,0%
- Financial assets	24 731	1,6%	24 341	-28,1%	33 841	3 876,50	538,0%
Net current assets	10 207 203	7,8%	9 472 515	3,5%	9 149 751	569 862,50	1691,2%
- Stocks	6 138 486	-9,0%	6 747 747	67,7%	4 024 514	164 006,50	3642,8%
- Advanced payments	0	7,8%	1 474	-89,8%	14 441	0	0%
- Receivables	3 437 705	47,0%	2 338 588	-39,4%	3 858 793	223 603	1437,4%
- Securities and cash	631 012	64,0%	384 706	-69,3%	1 252 003	54 318,50	1061,7%
- Prepaid expenses	-	-	-	-	-	238	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	10 793 342	9,0%	9 904 994	3,7%	9 550 336	651 883,50	1555,7%

Passive Account

Annual Accounts	31/03/2010		31/03/2009		31/03/2008	Sector Median 2010
Shareholders' equity	6 302 964	8,7%	5 800 659	14,4%	5 070 570	233 858	2595,2%
Share capital	1 005 000	0%	1 005 000	0%	1 005 000	40 000	2412,5%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	412 400	106,2%	200 000	0%	0	0	0%
Liabilities	4 077 980	4,4%	3 904 336	-12,8%	4 479 765	343 290,50	1087,9%
- Financial liabilities	1 284 521	-7,7%	1 392 391	10,2%	1 263 547	54 579	2253,5%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	1 850 901	17,6%	1 573 826	-28,8%	2 210 523	159 941,50	1057,2%
- Tax and social liabilities	904 253	0,7%	898 399	-2,1%	917 215	86 564	944,6%
- Other debts and fixed assets liabilities	38 305	-3,6%	39 720	-54,1%	86 480	6 445	494,3%
Account regularization	0	0%	0	0%	2 000	0	0%
Total liabilities	10 793 343	9,0%	9 904 995	3,7%	9 550 336	651 883,50	1555,7%

Results

Annual Accounts	31/03/2010		31/03/2009		31/03/2008	Sector Median 2010
Sales of Goods	16 518 955	-0,9%	16 662 790	7,2%	15 547 011	1 241 630,50	1230,4%
Net turnover	14 910 917	-1,4%	15 122 215	5,6%	14 326 441	1 224 842,50	1117,4%
- of which net export turnover	203 481	10,3%	184 510	0%	0	0	0%
Operating charges	14 977 987	1,4%	14 764 331	8,9%	13 562 036	1 171 959	1178,0%
Operating profit/loss	1 540 968	-18,8%	1 898 459	-4,4%	1 984 975	28 148,50	5374,4%
Financial income	3 063	-73,8%	11 674	22,9%	9 499	392,50	680,4%
Financial charges	57 806	-36,6%	91 122	-5,1%	96 068	3 329	1636,4%
Financial profit/loss	-54 743	31,1%	-79 448	8,2%	-86 569	-1 075,50	-4990,0%
Pretax net operating income	1 486 225	-18,3%	1 819 011	-4,2%	1 898 406	26 040	5607,5%
Extraordinary income	44 693	433,8%	8 373	-49,6%	16 628	1 009,50	4327,2%
Extraordinary charges	47 557	594,3%	6 850	-63,6%	18 805	702	6674,5%
Extraordinary profit/loss	-2 864	64398,1%	1 523	170,0%	-2 177	0	0%
Net result	982 306	-18,8%	1 210 089	-3,2%	1 249 883	22 949	4180,4%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/03/2010	31/03/2009	31/03/2008
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/03/2010		31/03/2009		31/03/2008
	Grand Total (I to VI)	Net	10 793 342	9,0%	9 904 994	3,7%	9 550 336
	Gross	CO	14 020 094	9,6%	12 792 894	4,0%	12 297 056
	Amortisation	1A	3 226 752	11,7%	2 887 900	5,1%	2 746 720

Non declared distributed capital (I)

		31/03/2010		31/03/2009		31/03/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

			31/03/2010		31/03/2009		31/03/2008
	Total Active fixed asset (II)	Net	586 140	35,5%	432 479	8,0%	400 585
	Gross	BJ	1 845 132	14,3%	1 614 668	8,7%	1 485 571
	Amortisation	BK	1 258 992	6,5%	1 182 189	9,0%	1 084 986

Intangilble fixed assets

			31/03/2010		31/03/2009		31/03/2008
	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	1 929	-68,8%	6 176	-40,7%	10 422
	Gross	AF	12 740	0%	12 740	0%	12 740
	Amortisation	AG	10 811	64,7%	6 564	183,2%	2 318
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	1 929	-68,8%	6 176	-40,7%	10 422

Tangilble fixed assets

			31/03/2010		31/03/2009		31/03/2008
	Lands	Net	3 935	-34,9%	6 041	-32,6%	8 968
	Gross	AN	43 827	0%	43 827	0%	43 827
	Amortisation	AO	39 892	5,6%	37 786	8,4%	34 859
	Buildings	Net	168 051	-5,3%	177 423	49,8%	118 419
	Gross	AP	209 001	7,7%	194 080	60,4%	120 986
	Amortisation	AQ	40 950	145,8%	16 657	548,9%	2 567
	Plant	Net	213 253	261,8%	58 937	-30,9%	85 239
	Gross	AR	919 651	25,1%	735 024	3,1%	712 922
	Amortisation	AS	706 398	4,5%	676 087	7,7%	627 683
	Other tangible fixed assets	Net	171 241	7,3%	159 561	11,0%	143 696
	Gross	AT	632 182	4,6%	604 656	7,7%	561 255
	Amortisation	AU	460 941	3,6%	445 095	6,6%	417 559
	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	3 000	0%	0	0%	0
	Gross	AX	3 000	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	559 480		401 962		356 322

Financial assets

			31/03/2010		31/03/2009		31/03/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	24 731	1,6%	24 341	-28,1%	33 841
	Gross	BH	24 731	1,6%	24 341	-28,1%	33 841
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		24 731		24 341		33 841

Current Assets (III)

			31/03/2010		31/03/2009		31/03/2008
	Total Assets	Net	10 207 203	7,8%	9 472 515	3,5%	9 149 751
	Gross	CJ	12 174 962	8,9%	11 178 226	3,4%	10 811 485
	Amortisation	CK	1 967 759	15,4%	1 705 711	2,6%	1 661 734

Stocks

			31/03/2010		31/03/2009		31/03/2008
	Raw materials	Net	54 447	-6,9%	58 457	3,3%	56 567
	Gross	BL	54 447	-6,9%	58 457	3,3%	56 567
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	6 084 039	-9,0%	6 689 290	68,6%	3 967 947
	Gross	BT	7 887 063	-3,7%	8 191 135	50,0%	5 459 059
	Amortisation	BU	1 803 024	20,1%	1 501 845	0,7%	1 491 112
	Sub Total Stocks	Net	6 138 486	-9,0%	6 747 747	67,7%	4 024 514

Advance payments to suppliers

			31/03/2010		31/03/2009		31/03/2008
	Advance payments to suppliers	Net	0	0%	1 474	-89,8%	14 441
	Gross	BV	0	0%	1 474	-89,8%	14 441
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/03/2010		31/03/2009		31/03/2008
	Trade accounts receivable	Net	2 920 419	48,4%	1 968 506	-42,7%	3 437 884
	Gross	BX	3 085 154	42,0%	2 172 372	-39,8%	3 608 506
	Amortisation	BY	164 735	-19,2%	203 866	19,5%	170 622
	Other debtors	Net	177 112	267,2%	48 238	-53,5%	103 688
	Gross	BZ	177 112	267,2%	48 238	-53,5%	103 688
	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	3 097 531	53,6%	2 016 744	-43,1%	3 541 572

Divers

			31/03/2010		31/03/2009		31/03/2008
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	631 012	64,0%	384 706	-69,3%	1 252 003
	Gross	CF	631 012	64,0%	384 706	-69,3%	1 252 003
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	631 012	64,0%	384 706	-69,3%	1 252 003

Prepaid expenses

			31/03/2010		31/03/2009		31/03/2008
	Prepaid expenses	Net	340 174	5,7%	321 844	1,5%	317 221
	Gross	CH	340 174	5,7%	321 844	1,5%	317 221
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/03/2010		31/03/2009		31/03/2008
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

		31/03/2010		31/03/2009		31/03/2008
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)

		31/03/2010		31/03/2009		31/03/2008
Grand Total (I to V)	EE	10 793 343	9,0%	9 904 995	3,7%	9 550 336

Shareholder Equity (I)

			31/03/2010		31/03/2009		31/03/2008
	Total shareholders' equity (Total I)	DL	6 302 964	8,7%	5 800 659	14,4%	5 070 570
	Equity and shareholders' equity	DA	1 005 000	0%	1 005 000	0%	1 005 000
	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	100 500	0%	100 500	0%	100 500
	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	4 215 158	20,9%	3 485 070	28,4%	2 715 187
	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	982 306	-18,8%	1 210 089	-3,2%	1 249 883
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/03/2010		31/03/2009		31/03/2008
	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)

			31/03/2010		31/03/2009		31/03/2008
	Total provisions for risks and charges (Total III)	DR	412 400	106,2%	200 000	0%	0
	Risk provisions	DP	412 400	106,2%	200 000	0%	0
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/03/2010		31/03/2009		31/03/2008
	Total Liabilities (Total IV)	EC	4 077 980	4,4%	3 904 336	-12,8%	4 479 765
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	264 316	-56,1%	601 814	222,0%	186 919
	Sundry loans and financial liabilities	DV	1 020 205	29,0%	790 577	-26,6%	1 076 628
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	1 850 901	17,6%	1 573 826	-28,8%	2 210 523
	Tax and social security liabilities	DY	904 253	0,7%	898 399	-2,1%	917 215
	Fixed asset liabilities	DZ	8 186	-20,9%	10 345	-86,3%	75 466
	Other debts	EA	30 119	2,5%	29 375	166,7%	11 014

Translation loss (V)

		31/03/2010		31/03/2009		31/03/2008
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/03/2010		31/03/2009		31/03/2008
Deferred income	EB	0	0%	0	0%	2 000

References

		31/03/2010		31/03/2009		31/03/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	3 860 693	2,3%	3 775 478	-15,7%	4 479 766
Of which current bank facilities	EH	0	0%	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)

		31/03/2010		31/03/2009		31/03/2008
Operating result (Total I-II)	GG	1 540 968	-18,8%	1 898 459	-4,4%	1 984 975

2 - Financial result (V - VI)

		31/03/2010		31/03/2009		31/03/2008
Financial result (Total V-VI)	GV	-54 743	31,1%	-79 448	8,2%	-86 569

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

		31/03/2010		31/03/2009		31/03/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	1 486 225	-18,3%	1 819 011	-4,2%	1 898 406

4 - Extraordinary result (VII-VIII)

		31/03/2010		31/03/2009		31/03/2008
Extraordinary result (Total VII-VIII)	HI	-2 864	-288,0%	1 523	170,0%	-2 177

Profit or loss

		31/03/2010		31/03/2009		31/03/2008
Profit or loss	HN	982 306	-18,8%	1 210 089	-3,2%	1 249 883

Total Income (I+III+V+VII)

		31/03/2010		31/03/2009		31/03/2008
Total Income (I+III+V+VII)	HL	16 566 711	-0,7%	16 682 837	7,1%	15 573 138

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

		31/03/2010		31/03/2009		31/03/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	15 584 406	0,7%	15 472 748	8,0%	14 323 255

Operating income (I)

		31/03/2010		31/03/2009		31/03/2008
Total operating income (Total I)	FR	16 518 955	-0,9%	16 662 790	7,2%	15 547 011

Operating income (details)

			31/03/2010		31/03/2009		31/03/2008
	Sale of goods for resale	FC	14 842 483	-1,3%	15 033 444	5,7%	14 228 009
	France	FA	14 639 002	-1,4%	14 848 934	4,4%	14 228 009
	Export	FB	203 481	10,3%	184 510	0%	0
	Sale of goods produced	FF	3 018	-42,8%	5 275	67,4%	3 151
	France	FD	3 018	-42,8%	5 275	67,4%	3 151
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	65 416	-21,7%	83 496	-12,4%	95 281
	France	FG	65 416	-21,7%	83 496	-12,4%	95 281
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	14 910 917	-1,4%	15 122 215	5,6%	14 326 441
	France	FJ	14 707 436	-1,5%	14 937 705	4,3%	14 326 441
	Export	FK	203 481	10,3%	184 510	0%	0
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	1 607 132	4,6%	1 537 084	26,1%	1 218 469
	Other income	FQ	906	-74,0%	3 491	66,2%	2 101

Operating charges (II)

		31/03/2010		31/03/2009		31/03/2008
Total operating charges (Total II)	GF	14 977 987	1,4%	14 764 331	8,9%	13 562 036

Exploitation charges

		31/03/2010		31/03/2009		31/03/2008
Purchase of goods for resale	FS	8 565 832	-28,0%	11 895 445	32,0%	9 014 963
Change in stocks of goods for resale	FT	304 072	111,1%	-2 732 076	-377,8%	-571 814
Purchase of raw materials	FU	93 411	5,1%	88 879	-4,0%	92 565
Change in stocks of raw materials	FV	4 010	312,2%	-1 890	-161,4%	-723
Other external purchases and charges	FW	1 485 683	-2,8%	1 527 698	12,8%	1 354 914
Tax, duty and similar payments	FX	193 446	19,9%	161 344	6,8%	151 040
Payroll	FY	1 527 538	9,2%	1 399 194	5,1%	1 331 065
Social security costs	FZ	529 787	12,4%	471 134	-1,3%	477 244

Depreciation

		31/03/2010		31/03/2009		31/03/2008
Depreciation of fixed assets	GA	135 794	-6,6%	145 366	8,7%	133 746
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	1 848 656	17,6%	1 572 314	1,6%	1 547 569
Provisions for risks and charges	GD	212 400	6,2%	200 000	0%	0

Other charges

		31/03/2010		31/03/2009		31/03/2008
Other charges	GE	77 358	109,5%	36 923	17,3%	31 467

Operating charges (III-IV)

		31/03/2010		31/03/2009		31/03/2008
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)

			31/03/2010		31/03/2009		31/03/2008
	Total financial income (Total V)	GP	3 063	-73,8%	11 674	22,9%	9 499
	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	3 061	-69,0%	9 888	4,1%	9 499
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	02	-99,9%	1 786	0%	0
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/03/2010		31/03/2009		31/03/2008
	Total financial charge (Total VI)	GU	57 806	-36,6%	91 122	-5,1%	96 068
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	57 806	-36,4%	90 886	-4,6%	95 255
	Exchange losses	GS	0	0%	236	-71,0%	813
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/03/2010		31/03/2009		31/03/2008
	Total extraordinary income (Total VII)	HD	44 693	433,8%	8 373	-49,6%	16 628
	Extraordinary operating income	HA	3 146	1657,5%	179	0%	0
	Extraordinary income from capital transactions	HB	41 547	407,0%	8 194	-50,7%	16 628
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/03/2010		31/03/2009		31/03/2008
	Total extraordinary charges (Total VIII)	HH	47 557	594,3%	6 850	-63,6%	18 805
	Extraordinary operating charges	HE	1 590	-49,9%	3 172	-76,7%	13 609
	Extraordinary charges from capital transactions	HF	45 967	1149,8%	3 678	-29,2%	5 196
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/03/2010		31/03/2009		31/03/2008
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/03/2010		31/03/2009		31/03/2008
Tax on profits (Total X)	HK	501 056	-17,9%	610 445	-5,6%	646 346

References

		31/03/2010		31/03/2009		31/03/2008
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/03/2010		31/03/2009		31/03/2008
	Gross value at begin of period	OG	0	0%	0	0%	1 316 980
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	249 051
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	104 957	0%	0	0%	80 460
	Gross value at the end of period	OL	1 845 132	0%	0	0%	1 485 571

Research and development Charge (Total I)

			31/03/2010		31/03/2009		31/03/2008
	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)

			31/03/2010		31/03/2009		31/03/2008
	Gross value at begin of period	KD	12 740	0%	0	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	12 740
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	12 740	0%	0	0%	12 740

Tangible fixed assets (Total III)

			31/03/2010		31/03/2009		31/03/2008
	Gross value at begin of period	LN	1 577 585	0%	0	0%	1 287 534
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	330 802	0%	0	0%	231 916
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	100 727	0%	0	0%	80 460
	Gross value at the end of period	NH	1 807 660	0%	0	0%	1 438 990

Fiancial assets (Total IV)

			31/03/2010		31/03/2009		31/03/2008
	Gross value at begin of period	LQ	24 341	0%	0	0%	29 446
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	4 620	0%	0	0%	4 395
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	4 230	0%	0	0%	0
	Gross value at the end of period	NK	24 731	0%	0	0%	33 841

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

			31/03/2010		31/03/2009		31/03/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	1 026 503
Increases		0P	0	0%	0	0%	133 746
Decreasess		0Q	0	0%	0	0%	75 263
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	1 084 986

Research and development charge (Total I)

			31/03/2010		31/03/2009		31/03/2008
	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)

			31/03/2010		31/03/2009		31/03/2008
	Reserve for depreciation value at begin of period	PE	6 564	0%	0	0%	0
Increases		PF	4 247	0%	0	0%	2 318
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	10 811	0%	0	0%	2 318

Total fixed assets amotisation (Total III)

			31/03/2010		31/03/2009		31/03/2008
	Reserve for depreciation value at begin of period	QU	1 175 623	0%	0	0%	1 026 503
Increases		QV	131 547	0%	0	0%	131 428
Decreases		QW	58 990	0%	0	0%	75 263
	Decreasess by budget item transfer	QX	1 248 180	0%	0	0%	1 082 668

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

			31/03/2010		31/03/2009		31/03/2008
	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

			31/03/2010		31/03/2009		31/03/2008
	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)

			31/03/2010		31/03/2009		31/03/2008
	Value at begining of period	7C	1 905 711	0%	0	0%	1 317 361
Increases		UB	2 061 056	0%	0	0%	1 547 569
Decreases		UC	1 586 607	0%	0	0%	1 203 197
	Value at the end of period	UD	2 380 160	0%	0	0%	1 661 733

Includes Total allocations

Operating	UE	2 061 056	0%	0	0%	1 547 569
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	1 586 607	0%	0	0%	1 203 197
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/03/2010		31/03/2009		31/03/2008
	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)

			31/03/2010		31/03/2009		31/03/2008
	Value at begining of period	5Z	200 000	0%	0	0%	0
Increases		TV	212 400	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	412 400	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/03/2010		31/03/2009		31/03/2008
	Value at begining of period	7B	1 705 711	0%	0	0%	1 317 361
Increases		TY	1 848 656	0%	0	0%	1 547 569
Decreases		TZ	1 586 607	0%	0	0%	1 203 197
	Value at the end of period	UA	1 967 760	0%	0	0%	1 661 733

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

		31/03/2010		31/03/2009		31/03/2008
Gross value	VT	3 627 171	0%	0	0%	4 063 256
1 year at most	VU	3 602 440	0%	0	0%	4 029 415
More than one year	VV	24 731	0%	0	0%	33 841

State of loans

		31/03/2010		31/03/2009		31/03/2008
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	24 731	0%	0	0%	33 841
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/03/2010		31/03/2009		31/03/2008
Customers doubtful or disputed	VA	214 526	0%	0	0%	215 760
Other claims customer	UX	2 870 628	0%	0	0%	3 392 746
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	2 100	0%	0	0%	600
Social Security and other social organizations	UZ	10 900	0%	0	0%	0
Income taxes	VM	109 379	0%	0	0%	37 256
Value added tax	VB	51 047	0%	0	0%	45 607
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	3 686	0%	0	0%	20 225

Prepaid

		31/03/2010		31/03/2009		31/03/2008
Prepaid	VS	340 174	0%	0	0%	317 221

State Debt

			31/03/2010		31/03/2009		31/03/2008
	Total debt (gross)	VY	4 077 979	0%	0	0%	4 479 765
1 year at most		VZ2	3 860 693	0%	0	0%	4 479 765
More than 1 year and 5 years at most		VZ3	165 730	0%	0	0%	0
More than 5 years		VZ4	51 556	0%	0	0%	0

Details

			31/03/2010		31/03/2009		31/03/2008
	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	1 755	0%	0	0%	49 651
1 year at most		VG2	1 755	0%	0	0%	49 651
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	262 561	0%	0	0%	137 268
1 year at most		VH2	45 275	0%	0	0%	137 268
More than 1 year and 5 years at most		VH3	165 730	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	2 800	0%	0	0%	6 760
1 year at most		8A2	2 800	0%	0	0%	6 760
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	1 850 901	0%	0	0%	2 210 523
1 year at most		8B2	1 850 901	0%	0	0%	2 210 523
More than 1 year and 5 years at most		8B3	1 850 901	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	457 042	0%	0	0%	345 229
1 year at most		8C2	457 042	0%	0	0%	345 229
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	232 143	0%	0	0%	214 405
1 year at most		8D2	232 143	0%	0	0%	214 405
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	149 551
1 year at most		8E2	0	0%	0	0%	149 551
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	128 158	0%	0	0%	125 237
1 year at most		VW2	128 158	0%	0	0%	125 237
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	86 910	0%	0	0%	82 793
1 year at most		VQ2	86 910	0%	0	0%	82 793
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	8 186	0%	0	0%	75 466
1 year at most		8J2	8 186	0%	0	0%	75 466
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	1 017 405	0%	0	0%	1 069 868
1 year at most		VI2	1 017 405	0%	0	0%	1 069 868
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	30 119	0%	0	0%	11 014
1 year at most		8K2	30 119	0%	0	0%	11 014
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%	2 000
1 year at most		8L2	0	0%	0	0%	2 000
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/03/2010		31/03/2009		31/03/2008
Loans made during the period	VJ	145 000	0%	0	0%	150 000
Debt repaid during the period	VK	30 204	0%	0	0%	59 133

Table allocation results and other information
Dividends distributed

		31/03/2010		31/03/2009		31/03/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/03/2010		31/03/2009		31/03/2008
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/03/2010		31/03/2009		31/03/2008
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/03/2010		31/03/2009		31/03/2008
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/03/2010		31/03/2009		31/03/2008
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/03/2010		31/03/2009		31/03/2008
Average number of employees	YP	46	0%	0	0%	44

Groups and Shareholders

		31/03/2010		31/03/2009		31/03/2008
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

		31/03/2010		31/03/2009		31/03/2008	Sector Median 2010
Fixed Asset Financing		5,02	-5,5%	5,31	6,4%	4,99	2,79	79,9%
Global Debt		98 days	5,4%	93 days	-17,7%	113 days	109 days	-10,1%
Working Capital Fund overall net		179 days	7,8%	166 days	11,4%	149 days	77 days	132,5%
Financial independence		2384,63%	147,4%	963,86%	-64,5%	2712,71%	574,89%	314,8%
More ratios
Solvability		58,40%	-0,3%	58,56%	10,3%	53,09%	40,46%	44,3%
Capacity debt futures		13402,01%	-	%	-	2712,71%	1618,80%	727,9%
Coverage of current assets by net working capital overall		62,64%	-2,3%	64,12%	13,4%	56,54%	46,86%	33,7%
General Liquidity		0,93	-		-	0,90	0,77	20,8%
Restricted Liquidity		1,10	-		-	1,18	1,07	2,8%

Management or rotation

		31/03/2010		31/03/2009		31/03/2008	Sector Median 2010
Need background in operating working capital		156 days	4,7%	149 days	35,5%	110 days	52 days	200%
Treasury		15 days	66,7%	9 days	-71,0%	31 days	11 days	36,4%
Inventory turnover of goods		320 days	-0,6%	322 days	38,2%	233 days	95 days	236,8%
Average length of credit granted to customers		74 days	42,3%	52 days	-42,9%	91 days	62 days	19,4%
Average length of credit obtained suppliers		64 days	20,8%	53 days	-33,8%	80 days	65 days	-1,5%
More ratios
Inventory turnover of raw materials in industrial enterprises		66 days	-14,3%	77 days	-65,0%	220 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		825 days	-	days	-	996 days	948 days	-13,0%
Rotation tangible assets		824,87%	-	%	-	995,59%	1249,25%	-34,0%

Profitability of the business

		31/03/2010		31/03/2009		31/03/2008	Sector Median 2010
Margin trading		40,06%	3,2%	38,82%	-3,9%	40,38	32,84%	22,0%
Profitability of the business		14,80	-3,2%	15,29	-11,6%	17,29	3,90%	279,5%
Net profit		6,59%	-17,6%	8%	-8,3%	8,72%	2,29%	187,8%
More ratios
Growth rate of turnover (excluding VAT)		-1,40%	-125,2%	5,55%	-21,5%	7,07%	2,46%	-156,9%
Rates integration		29,90%	4,1%	28,73%	-7,2%	30,97%	23,96%	24,8%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		46,15%	7,2%	43,05%	5,6%	40,76%	75,36%	-38,8%
Weight interests		0,39	-35,0%	0,60%	-10,4%	0,67%	0,29%	34,5%

Return on capital

		31/03/2010		31/03/2009		31/03/2008	Sector Median 2010
Cash flow from the overall profitability		-3,11%	-134,8%	8,93%	656,8%	1,18%	2,69%	-215,6%
Rates of economic profitability		29%	-9,4%	32%	-17,9%	39%	12%	141,7%
Financial profitability		6302964%	8,7%	5800659%	14,4%	5070570%	229102,50%	2651,2%
Return on investment		13,71%	-24,2%	18,09%	-14,9%	21,25%	9,16%	49,7%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/03/2010		31/03/2009		31/03/2008	Sector Median 2010
Turnover	14 910 917	-1,4%	15 122 215	5,6%	14 326 441	1 224 842 €	1117,4%

Sales of goods	14 842 483	-1,3%	15 033 444	5,7%	14 228 009
- Purchase of goods	8 565 832	-28,0%	11 895 445	32,0%	9 014 963
+/- Stock of goods variation	304 072	111,1%	-2 732 076	-377,8%	-571 814
Trading margin	5 972 579 €	1,7%	5 870 075 €	1,5%	5 784 860 €	402 089 €	1385,4%
	40,06 % CA	3,2%	38,82 % CA	-3,9%	40,38 % CA	33,16 % CA	20,8%

Sale of goods produced	68 434	-22,9%	88 771	-9,8%	98 432
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	68 434 €	-22,9%	88 771 €	-9,8%	98 432 €	20 645,50 €	231,5%
	0,46 % CA	-22,0%	0,59 % CA	-14,5%	0,69 % CA	1,25 % CA	-63,2%

Trading margin	5 972 579	1,7%	5 870 075	1,5%	5 784 860	402 089	1385,4%
+ Period Production	68 434	-22,9%	88 771	-9,8%	98 432	20 645,50	231,5%
- Purchase of raw materials	93 411	5,1%	88 879	-4,0%	92 565
+/- Change in stocks of raw materiels	4 010	312,2%	-1 890	-161,4%	-723
- Other external purchases and charges	1 485 683	-2,8%	1 527 698	12,8%	1 354 914
Added value	4 457 909 €	2,6%	4 344 159 €	-2,1%	4 436 536 €	308 627,50 €	1344,4%
	29,90 % CA	4,1%	28,73 % CA	-7,2%	30,97 % CA	23,96 % CA	24,8%

Added value	4 457 909 €	2,6%	4 344 159 €	-2,1%	4 436 536 €	308 627,50 €	1344,4%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	193 446	19,9%	161 344	6,8%	151 040
- Personal charges	2 057 325	10,0%	1 870 328	3,4%	1 808 309
Gross operating surplus	2 207 138 €	-4,6%	2 312 487 €	-6,6%	2 477 187 €	35 154,50 €	6178,4%
	14,80 % CA	-3,2%	15,29 % CA	-11,6%	17,29 % CA	3,90 % CA	279,5%

Gross operating surplus	2 207 138 €	-4,6%	2 312 487 €	-6,6%	2 477 187 €	35 154,50 €	6178,4%
+ Release of reserves and provisions	1 607 132	4,6%	1 537 084	26,1%	1 218 469
+ Other operating income	906	-74,0%	3 491	66,2%	2 101
- Depreciation/Amortisation	2 196 850	14,6%	1 917 680	14,1%	1 681 315
- Other charges	77 358	109,5%	36 923	17,3%	31 467
Operating result	1 540 968 €	-18,8%	1 898 459 €	-4,4%	1 984 975 €	28 149,50 €	5374,2%
	10,33 % CA	-17,7%	12,55 % CA	-9,5%	13,86 % CA	2,90 % CA	256,2%

Operating result	1 540 968 €	-18,8%	1 898 459 €	-4,4%	1 984 975 €	28 149,50 €	5374,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	3 063	-73,8%	11 674	22,9%	9 499
- Financial charges	57 806	-36,6%	91 122	-5,1%	96 068
Pre-tax result	1 486 225 €	-18,3%	1 819 011 €	-4,2%	1 898 406 €	26 040 €	5607,5%
	9,97 % CA	-17,1%	12,03 % CA	-9,2%	13,25 % CA	2,73 % CA	265,2%

Extraordinary income	44 693	433,8%	8 373	-49,6%	16 628	1 009,50	4327,2%
- Extraordinary charges	47 557	594,3%	6 850	-63,6%	18 805
Extraordinary result	-2 864 €	-288,0%	1 523 €	170,0%	-2 177 €	0 €	0%
	-0,02 % CA	-300%	0,01 % CA	150,0%	0 % CA	0 % CA	0%

Pre-tax result	1 486 225 €	-18,3%	1 819 011 €	-4,2%	1 898 406 €	26 040 €	5607,5%
Extraordinary result	-2 864 €	-288,0%	1 523 €	170,0%	-2 177 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	501 056	-17,9%	610 445	-5,6%	646 346
Net result	982 305 €	-18,8%	1 210 089 €	-3,2%	1 249 883 €	22 948,50 €	4180,5%
	6,59 % CA	-17,6%	8,00 % CA	-8,3%	8,72 % CA	2,24 % CA	194,2%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	05/11/2007
Status of Monitoring	No social security and tax office preferential right to date

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
16/12/2011	Bodacc C	Comptes annuels et rapports
72 - SARTHE GREFFE DU TRIBUNAL DE COMMERCE DU MANS 8938 - Rectificatif. Parution avis précédent : BODACC C. Numéro de parution : 12759. Date de parution : 7 novembre 2011. Numéro d’annonce : 12759. Cet avis est annulé et remplacé par le suivant. 302494224 RCS. VISSERIE SERVICE. Forme : Société anonyme. Adresse : allée du Champ Barilleau Zone Industrielle 72300 Parcé-sur-Sarthe. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2011.
15/11/2010	Bodacc C	Comptes annuels et rapports
72 - SARTHE GREFFE DU TRIBUNAL DE COMMERCE DU MANS 8894 - 302494224 RCS. VISSERIE SERVICE. Forme : Société anonyme. Adresse : allée du Champ Barilleau Zone Industrielle 72300 Parcé-sur-Sarthe. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2010.
07/11/2010	Bodacc B	Modification et mutation diverse
72 - SARTHE GREFFE DU TRIBUNAL DE COMMERCE DU MANS 629 - 302 494 224 RCS Le Mans. VISSERIE SERVICE. Forme : Société anonyme. Administration : Président directeur général : BEAUVAIS Jean-René Administrateur : SIMONIN Jean-Paul Administrateur : BASQUIN Armelle né(e) BEAUVAIS Commissaire aux comptes titulaire : CABINET ROUXEL BRIERE AGEFEX (SA) représenté par BUREAU Jean-Marc Commissaire aux comptes suppléant : CASTILLE Nadia. Commentaires : Modification survenue sur l'administration.
06/11/2009	Bodacc C	Comptes annuels et rapports
72 - SARTHE GREFFE DU TRIBUNAL DE COMMERCE DU MANS 6311 - 302494224 RCS. VISSERIE SERVICE. Forme : Société anonyme. Adresse : allée du Champ Barilleau Zone Industrielle 72300 Parcé-sur-Sarthe. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2009.
28/12/2008	Bodacc C	Comptes annuels et rapports
72 - SARTHE GREFFE DU TRIBUNAL DE COMMERCE DU MANS 4390 - 302494224 RCS. VISSERIE SERVICE. Forme : Société anonyme. Adresse : allée du Champ Barilleau Zone Industrielle, 72300 Parcé-sur-Sarthe. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2008.
11/12/2007	Bodacc C	Avis de dépôt des comptes
7164 - 302 494 224. RCS Le Mans VISSERIE SERVICE. Forme: Société anonyme. Adresse du siège social: ALLEE DU CHAMP BARILLEAU Zone Industrielle, 72300 Parce-sur-Sarthe. Comptes annuels et rapports de l'exercice clos le: 31 mars 2007.
22/12/2006	Bodacc B	Modifications et mutations diverses
1017 - RCS Le Mans B 302 494 224. RC 75-B 42. VISSERIE SERVICE. Forme : S.A. Adresse du siège social : Z.I., allée du Champ-Barilleau,, 72300 Commentaires : modification survenue sur l'administration. Administration : président directeur général : BEAUVAIS (Jean-René) (Nom d'usage : BEAUVAIS). Directeur général délégué : BEAUVAIS (Jean) (Nom d'usage : BEAUVAIS). Administrateurs : SIMONIN (Jean, Paul) (Nom d'usage : SIMONIN) BEAUVAIS (Armelle) (Nom d'usage : BASQUIN). Commissaire aux comptes titulaire : CABINET ROUXEL BRIERE AGEFEX, représenté par BUREAU (Jean, Marc) (Nom d'usage : BUREAU). Commissaire aux comptes suppléant : ROUXEL (Etienne) (Nom d'usage : ROUXEL). Date d'effet : 29 septembre 2006.
25/11/2006	Bodacc C	Avis de dépôt des comptes
6479 - RCS Le Mans B 302 494 224. RC 75-B 42. VISSERIE SERVICE. Forme: S.A. Adresse du siège social: allée du Champ Barilleau,Z.I, 72300 Parce-sur-Sarthe. Comptes annuels et rapports de l'exercice clos le: 31 mars 2006.
04/12/2005	Bodacc C	Avis de dépôt des comptes
4769 - RCS Le Mans B 302 494 224. RC 75-B 42. VISSERIE SERVICE. Forme: S.A. Adresse du siège social: allée du Champ Barilleau,Z.I, 72300 Parce-sur-Sarthe. Comptes annuels et rapports de l'exercice clos le: 31 mars 2005.
14/11/2004	Bodacc B	Modifications et mutations diverses
RCS Le Mans B 302494224 RC 75-B 42 VISSERIE SERVICE. Forme : S.A. Capital : 1 005 000 euros. Adresse du siège social : Z.I., allée du Champ-Barilleau, 72300 Parcé-sur-Sarthe. Commentaires : modification survenue sur le capital ( augmentation) et l'administration. Administration : président directeur général : BEAUVAIS (Jean-René) ( Nom d' usage : BEAUVAIS). Directeur général délégué : BEAUVAIS (Jean) ( Nom d'usage BEAUVAIS). Administrateurs : LEFAUCHEUX (François) ( Nom d'usage : LEFAUCHEUX) SIMONIN (Jean, Paul) ( Nom d'usage : SIMONIN). Commissaire aux comptes titulaire : CABINET ROUXEL BRIERE AGEFEX, représenté par BUREAU (Jean, Marc) ( Nom d'usage : BUREAU). Commissaire aux comptes suppléant : ROUXEL (Etienne) ( Nom d'usage : ROUXEL). Date d'effet : 24 septembre 2004.
03/11/1999	Bodacc B	Modifications et mutations diverses
RCS Le Mans B 302494224 RC 75-B 42 VISSERIE SERVICE. Forme : S.A. Capital : 450 000 euros. Adresse du siège social : Z.I. Parcé-sur-Sarthe, allée du Champ- Barilleau, 72300 Sablé-sur-Sarthe. Commentaires : modification survenue sur le capital (diminution). Date d'effet : 24 septembre 1999.
06/04/1999	Bodacc B	Modifications et mutations diverses
RCS Le Mans B 302 494 224 RC 75-B 42 VISSERIE SERVICE. Forme : S.A. Capital : 1 500 000 F (fixe). Adresse du siège social : allée du Champ-Barilleau, zone industrielle, Parcé-sur-Sarthe 72300 Sablé-sur-Sarthe. Administration : ancien président du conseil d'administration : BEAUVAIS (Jean) nouveau président du conseil d'administration : BEAUVAIS ( Jean-René), administrateur nouveau directeur général : BEAUVAIS (Jean), administrateur. Date d'effet : 31 décembre 1998.
09/12/1998	Bodacc B	Modifications et mutations diverses
RCS Le Mans B 302 494 224 RC 75-B 42 VISSERIE SERVICE. Forme : S.A. Capital : 1 500 000 F (fixe). Adresse du siège social : allée du Champ-Barilleau, zone industrielle, Parcé-sur-Sarthe 72300 Sablé-sur-Sarthe. Administration : nouveau directeur général et administrateur : BEAUVAIS (Jean-René). Date d'effet : 4 septembre 1998.
04/04/1998	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Le Mans B 302 494 224 RC 75-B 42 VISSERIE SERVICE. Forme : S.A. Capital : 1 500 000 F. Adresse : Z.I., allée du Champ- Barilleau Parcé-sur-Sarthe 72300 Sablé- sur-Sarthe Nouvelle situation du siège social Extention d'activité: négoce en gros, au détail d'accessoires sanitaires, d'arrosage, plomberie et chauffage. Date d'effet : 26 septembre 1997.

Company events history

Date	Description
16/12/2011	Bodacc C : Update of deposit accounts notice
15/11/2010	Bodacc C : Deposit accounts notice
07/11/2010	Bodacc B: Various editing or changing
13/10/2010	Minutes of general meeting of shareholders
13/10/2010	New auditor
31/03/2010	New accounts available
06/11/2009	Bodacc C : Deposit accounts notice
31/03/2009	New accounts available
28/12/2008	Bodacc C : Deposit accounts notice
31/03/2008	New accounts available
05/11/2007	Collection of preferential rights activated for this company
31/03/2007	New accounts available
24/11/2006	Minutes of general meeting of shareholders
24/11/2006	Appointment/resignation of company officers
24/11/2006	PV d'Assemblée
24/11/2006	Private document
24/11/2006	Modification du Conseil d'Administration
24/11/2006	Changes to the Board of Directors
31/03/2006	New accounts available
31/03/2005	New accounts available
13/10/2004	Acte modificatif
13/10/2004	Statuts mis à jour
13/10/2004	Minutes of Board meeting
13/10/2004	PV du Conseil d'Administration
13/10/2004	Minutes of general meeting of shareholders
13/10/2004	PV d'Assemblée
13/10/2004	Appointment/resignation of company officers
13/10/2004	Private document
13/10/2004	Capital increase
31/03/2004	New accounts available
31/03/2003	New accounts available
06/10/1999	Acte modificatif
06/10/1999	Augmentation de Capital
06/10/1999	Acte sous seing privé
06/10/1999	PV d'Assemblée
06/10/1999	Statuts mis à jour
19/01/1999	Changement de Président (PDG, PCA)
19/01/1999	PV du Conseil d'Administration
19/01/1999	Modification du Conseil d'Administration
19/01/1999	Acte sous seing privé
19/01/1999	Nomination/démission des organes de gestion
18/09/1998	Nomination/démission des organes de gestion
18/09/1998	Modification du Conseil d'Administration
18/09/1998	Acte modificatif
18/09/1998	PV d'Assemblée
18/09/1998	PV du Conseil d'Administration
18/09/1998	Acte sous seing privé
07/01/1998	PV d'Assemblée
07/01/1998	Acte sous seing privé
07/01/1998	Acte modificatif
07/01/1998	Statuts mis à jour
07/01/1998	Modification de l'objet social
26/11/1996	Augmentation de Capital
26/11/1996	Acte sous seing privé
26/11/1996	PV d'Assemblée
26/11/1996	Statuts mis à jour
30/09/1994	Statuts mis à jour
30/09/1994	Acte modificatif
30/09/1994	PV d'Assemblée
30/11/1992	Changement de Commissaire aux Comptes
30/11/1992	PV d'Assemblée

Establishment events history

Date	Description
20/01/2012	Update Rating
20/01/2012	Update Limit
25/10/2010	Update Limit
30/12/2009	Update Rating
20/10/2009	Update Rating
20/10/2009	Update Limit
17/12/2008	Update Limit
16/12/2007	Update Limit
11/12/2007	Update Limit
09/12/2007	Update Limit
31/10/2007	Update Limit

directors

Name	BEAUVAIS JEAN-RENÉ
Manager position	Président Directeur Général	Date of birth	19/08/1969
Place of birth	LE MANS (72)
Type of manager	Individual	Name at birth of manager

Name	SIMONIN JEAN-PAUL
Manager position	Administrateur	Date of birth	20/08/1959
Place of birth	SAINT DENIS 93
Type of manager	Individual	Name at birth of manager

Name	BASQUIN ARMELLE
Manager position	Administrateur	Date of birth	02/03/1968
Place of birth	LE MANS (72)
Type of manager	Individual	Name at birth of manager	BEAUVAIS

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 Directeur Général	M JEAN-RENE BEAUVAIS
Directeur général	M JEAN-RENE BEAUVAIS
Directeur général délégué	M JEAN BEAUVAIS
Administrateur	MME ARMELLE BASQUIN
Administrateur	MME ARMELLE BASQUIN
Administrateur	M FRANCOIS LEFAUCHEUX
Administrateur	M JEAN-PAUL SIMONIN

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.92
UK Pound	1	Rs.81.21
Euro	1	Rs.67.85

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.