MIRA INFORM REPORT

Report Date :

29.03.2012

IDENTIFICATION DETAILS

Correct Name :	E-TREND
Registered Office :	Zi De Carnoux En Provence, 16 Av Lavoisier, 13470 Carnoux En Provence
Country :	France
Financials (as on) :	28.02.2009
Date of Incorporation :	March 2006
Com. Reg. No.:	RCS Marseille 0 488 972 993
Legal Form :	Simplified Joint Stock Company
Line of Business :	Distance selling of specialized catalog
No. of Employees :	10 to 19 employees

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Unknown
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

REGISTERED NAME & COMPANY SUMMARY

Name

E-TREND

SIRET

488 972 993 00023

company summary

Activity (APE)	Vente à distance sur catalogue spécialisé (4791B) (Distance selling of specialized catalog(4791B)	Legal form	Simplified joint stock company
Phone	04 86 18 91 28	RCS Registration	RCS Marseille 0 488 972 993
Fax		Share capital	73,889 Euros
Address	E-TREND ZI DE CARNOUX EN PROVENCE 16 AV LAVOISIER 13470 CARNOUX EN PROVENCE	Incorporated Date	03/2006
Nationality	France	Status	Economically active

Company details

Activity (APE)	Vente à distance sur catalogue spécialisé (4791B)
RCS Registration	RCS Marseille 0 488 972 993	Share capital	73,889 Euros
Registration Court	Marseille (13)	Legal form	Simplified joint stock company
Court Registry Number	20 0 6B009	EU VAT Number	FR19488972993
Incorporation Date	03/2006	Formation Date	03/2006
Deregistration Date		Last account Date	28/02/2009
Nationality	France

DIRECTORS/MANAGEMENT

Current Directors

5

Directors

Name	Mme. GREGOIRE SÉVERINE
Manager position	Président du conseil d'administration, Administrateur	Date of birth	27/12/1980
Place of birth	AUBAGNE
Type of manager	Individual	Name at birth of manager

Name	Mme. RAMADE CHLOÉ
Manager position	Directeur général, Administrateur	Date of birth	17/06/1981
Place of birth	MARSEILLE
Type of manager	Individual	Name at birth of manager

Name	M. OROFINO NICOLAS
Manager position	Administrateur	Date of birth	14/04/1980
Place of birth	MARSEILLE
Type of manager	Individual	Name at birth of manager

Name	M. MARCHETEAU OLIVIER
Manager position	Administrateur	Date of birth	23/02/1970
Place of birth	PARIS
Type of manager	Individual	Name at birth of manager

Name	Mme. REYNOLDS JOHANNA
Manager position	Administrateur	Date of birth	28/03/1952
Place of birth	CUIJK EN SINT AGHATA(PAYS-BAS)
Type of manager	Individual	Name at birth of manager	BUETERS

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	MME SEVERINE GREGOIRE
Président	Mme SÉVERINE GREGOIRE
Gérant	MME SEVERINE GREGOIRE
Gérant	MME CHLOE RAMADE
Directeur général	MME CHLOE RAMADE
Directeur général	MME CHLOE RAMADE
Directeur général	Mme CHLOÉ RAMADE

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	04/06/2010
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

Trading to Date

02/28/2009

02/28/2008

12/31/2006

Turnover

1,861,735 €

956,825 €

67,935 €

Gross Operating Surplus

-12,73 % Turnover

2,99 % Turnover

18,24 % Turnover

Net worth

2,115,720 €

79,188 €

19,631 €

Employees

10 to 19 employees

-

-

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	28/02/2009	28/02/2008	31/12/2006
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	06/10/2009	07/12/2009	-
Activity Code	4791B	4791B	4791B
Employees	0	0	0

Active account

Annual Accounts	28/02/2009		28/02/2008		31/12/2006	Sector Median 2009
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	43 436	140,6%	18 050	6711,3%	265	3 421	1169,7%
- Intangible assets	6 377	-32,8%	9 483	3478,5%	265	37	17135,1%
- Tangible assets	28 510	479,7%	4 918	0%	0	879,50	3141,6%
- Financial assets	8 549	134,3%	3 649	0%	0	0	0%
Net current assets	3 105 002	548,1%	479 075	571,6%	71 329	36 149,50	8489,3%
- Stocks	457 625	120,2%	207 868	860,2%	21 649	8 296,50	5415,9%
- Advanced payments	0	548,1%	0	0%	0	0	0%
- Receivables	209 810	288,7%	53 974	139,5%	22 538	6 677	3042,3%
- Securities and cash	2 437 567	1022,1%	217 233	700,4%	27 140	8 195	29644,6%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	3 148 438	533,3%	497 126	594,4%	71 594	46 015	6742,2%

Passive Account

Annual Accounts	28/02/2009		28/02/2008		31/12/2006	Sector Median 2009
Shareholders' equity	2 115 720	2571,8%	79 188	303,4%	19 631	8 780	23997,0%
Share capital	72 762	45,4%	50 034	525,4%	8 000	8 000	809,5%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	2 000	0%	0	0%	0	0	0%
Liabilities	1 030 716	146,6%	417 938	704,3%	51 962	35 102	2836,3%
- Financial liabilities	592 264	261,5%	163 816	241,6%	47 952	3 144	18737,9%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	367 545	59,3%	230 745	25624,1%	897	7 475	4817,0%
- Tax and social liabilities	59 212	239,3%	17 449	460,7%	3 112	5 905,50	902,7%
- Other debts and fixed assets liabilities	0	0%	5 927	0%	0	2 510,50	0%
Account regularization	11 695	0%	0	0%	0	0	0%
Total liabilities	3 148 437	533,3%	497 126	594,4%	71 594	46 015,50	6742,1%

Results

Annual Accounts	28/02/2009		28/02/2008		31/12/2006	Sector Median 2009
Sales of Goods	1 875 024	95,9%	957 058	1308,4%	67 953	80 631,50	2225,4%
Net turnover	1 861 735	94,6%	956 825	1308,4%	67 935	79 703	2235,8%
- of which net export turnover	0	0%	0	0%	0	0	0%
Operating charges	2 125 980	126,4%	938 888	1585,6%	55 699	84 003,50	2430,8%
Operating profit/loss	-250 956	-1481,2%	18 170	48,3%	12 250	-25	-1003724,0%
Financial income	4 839	20,7%	4 010	169,7%	1 487	0	0%
Financial charges	5 742	278,0%	1 519	0%	0	75,50	7505,3%
Financial profit/loss	-903	-136,3%	2 491	67,5%	1 487	0	0%
Pretax net operating income	-251 859	-1319,0%	20 661	50,4%	13 737	-101	-249265,3%
Extraordinary income	0	0%	0	0%	0	0	0%
Extraordinary charges	2 000	0%	0	0%	0	0	0%
Extraordinary profit/loss	-2 000	0%	0	0%	0	0	0%
Net result	-253 859	-1548,8%	17 522	50,6%	11 631	50	-507818,0%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	28/02/2009	28/02/2008	31/12/2006
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			28/02/2009		28/02/2008		31/12/2006
	Grand Total (I to VI)	Net	3 148 438	533,3%	497 126	594,4%	71 594
	Gross	CO	3 170 743	524,8%	507 484	608,8%	71 594
	Amortisation	1A	22 305	115,3%	10 358	0%	0

Non declared distributed capital (I)

		28/02/2009		28/02/2008		31/12/2006
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

			28/02/2009		28/02/2008		31/12/2006
	Total Active fixed asset (II)	Net	43 436	140,6%	18 050	6711,3%	265
	Gross	BJ	57 283	157,8%	22 218	8284,2%	265
	Amortisation	BK	13 847	232,2%	4 168	0%	0

Intangilble fixed assets

			28/02/2009		28/02/2008		31/12/2006
	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	6 377	-32,8%	9 483	3478,5%	265
	Gross	AF	15 781	19,0%	13 261	4904,2%	265
	Amortisation	AG	9 404	148,9%	3 778	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	6 377	-32,8%	9 483	3478,5%	265

Tangilble fixed assets

			28/02/2009		28/02/2008		31/12/2006
	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	1 657	88,7%	878	0%	0
	Gross	AR	2 559	189,2%	885	0%	0
	Amortisation	AS	902	12785,7%	07	0%	0
	Other tangible fixed assets	Net	26 853	564,7%	4 040	0%	0
	Gross	AT	30 394	587,2%	4 423	0%	0
	Amortisation	AU	3 541	824,5%	383	0%	0
	Fixed assets in construction	Net	0	0%	0	0%	0
	Gross	AV	0	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	28 510		4 918		0

Financial assets

			28/02/2009		28/02/2008		31/12/2006
	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	8 549	134,3%	3 649	0%	0
	Gross	BH	8 549	134,3%	3 649	0%	0
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		8 549		3 649		0

Current Assets (III)

			28/02/2009		28/02/2008		31/12/2006
	Total Assets	Net	3 105 002	548,1%	479 075	571,6%	71 329
	Gross	CJ	3 113 460	541,6%	485 264	580,3%	71 329
	Amortisation	CK	8 458	36,7%	6 189	0%	0

Stocks

			28/02/2009		28/02/2008		31/12/2006
	Raw materials	Net	0	0%	0	0%	0
	Gross	BL	0	0%	0	0%	0
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	457 625	120,2%	207 868	860,2%	21 649
	Gross	BT	466 083	117,7%	214 057	888,8%	21 649
	Amortisation	BU	8 458	36,7%	6 189	0%	0
	Sub Total Stocks	Net	457 625	120,2%	207 868	860,2%	21 649

Advance payments to suppliers

			28/02/2009		28/02/2008		31/12/2006
	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

			28/02/2009		28/02/2008		31/12/2006
	Trade accounts receivable	Net	1 498	0%	0	0%	1 665
	Gross	BX	1 498	0%	0	0%	1 665
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	188 075	258,1%	52 521	178,1%	18 889
	Gross	BZ	188 075	258,1%	52 521	178,1%	18 889
	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	189 573	260,9%	52 521	155,5%	20 554

Divers

			28/02/2009		28/02/2008		31/12/2006
	Investment securities	Net	2 400 065	1499,4%	150 065	0%	0
	Gross	CD	2 400 065	1499,4%	150 065	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	37 502	-44,2%	67 168	147,5%	27 140
	Gross	CF	37 502	-44,2%	67 168	147,5%	27 140
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	2 437 567	1022,1%	217 233	700,4%	27 140

Prepaid expenses

			28/02/2009		28/02/2008		31/12/2006
	Prepaid expenses	Net	20 237	1292,8%	1 453	-26,8%	1 984
	Gross	CH	20 237	1292,8%	1 453	-26,8%	1 984
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		28/02/2009		28/02/2008		31/12/2006
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

		28/02/2009		28/02/2008		31/12/2006
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)

		28/02/2009		28/02/2008		31/12/2006
Grand Total (I to V)	EE	3 148 437	533,3%	497 126	594,4%	71 594

Shareholder Equity (I)

			28/02/2009		28/02/2008		31/12/2006
	Total shareholders' equity (Total I)	DL	2 115 720	2571,8%	79 188	303,4%	19 631
	Equity and shareholders' equity	DA	72 762	45,4%	50 034	525,4%	8 000
	Issue and merger premiums	DB	2 267 661	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	5 003	150,2%	2 000	0%	0
	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	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	24 150	150,7%	9 632	0%	0
	Profit or loss for the period	DI	-253 856	-1548,8%	17 522	50,6%	11 631
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			28/02/2009		28/02/2008		31/12/2006
	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)

			28/02/2009		28/02/2008		31/12/2006
	Total provisions for risks and charges (Total III)	DR	2 000	0%	0	0%	0
	Risk provisions	DP	2 000	0%	0	0%	0
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			28/02/2009		28/02/2008		31/12/2006
	Total Liabilities (Total IV)	EC	1 030 716	146,6%	417 938	704,3%	51 962
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	546 823	589,7%	79 286	0%	0
	Sundry loans and financial liabilities	DV	45 441	-46,2%	84 530	76,3%	47 952
	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	367 545	59,3%	230 745	25624,1%	897
	Tax and social security liabilities	DY	59 212	239,3%	17 449	460,7%	3 112
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	0	0%	5 927	0%	0

Translation loss (V)

		28/02/2009		28/02/2008		31/12/2006
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		28/02/2009		28/02/2008		31/12/2006
Deferred income	EB	11 695	0%	0	0%	0

References

		28/02/2009		28/02/2008		31/12/2006
Of which tax-allowable reserve	EF	22 643	0%	0	0%	0
Deferred income and liabilities	EG	1 008 073	141,2%	417 938	704,3%	51 962
Of which current bank facilities	EH	471 819	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)

			28/02/2009		28/02/2008		31/12/2006
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	0	0%	0
	Gross value at the end of period	OL	57 282	0%	0	0%	0

Research and development Charge (Total I)

			28/02/2009		28/02/2008		31/12/2006
	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)

			28/02/2009		28/02/2008		31/12/2006
	Gross value at begin of period	KD	13 261	0%	0	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	2 519	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	15 780	0%	0	0%	0

Tangible fixed assets (Total III)

			28/02/2009		28/02/2008		31/12/2006
	Gross value at begin of period	LN	5 308	0%	0	0%	0
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	27 642	0%	0	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	32 950	0%	0	0%	0

Fiancial assets (Total IV)

			28/02/2009		28/02/2008		31/12/2006
	Gross value at begin of period	LQ	3 649	0%	0	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	4 900	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	8 549	0%	0	0%	0

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

			28/02/2009		28/02/2008		31/12/2006
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			28/02/2009		28/02/2008		31/12/2006
	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)

			28/02/2009		28/02/2008		31/12/2006
	Reserve for depreciation value at begin of period	PE	3 778	0%	0	0%	0
Increases		PF	5 626	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	9 404	0%	0	0%	0

Total fixed assets amotisation (Total III)

			28/02/2009		28/02/2008		31/12/2006
	Reserve for depreciation value at begin of period	QU	391	0%	0	0%	0
Increases		QV	4 052	0%	0	0%	0
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	4 443	0%	0	0%	0

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

			28/02/2009		28/02/2008		31/12/2006
	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

			28/02/2009		28/02/2008		31/12/2006
	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)

			28/02/2009		28/02/2008		31/12/2006
	Value at begining of period	7C	6 189	0%	0	0%	0
Increases		UB	10 458	0%	0	0%	0
Decreases		UC	6 189	0%	0	0%	0
	Value at the end of period	UD	10 458	0%	0	0%	0

Includes Total allocations

Operating	UE	8 458	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	2 000	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	6 189	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			28/02/2009		28/02/2008		31/12/2006
	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)

			28/02/2009		28/02/2008		31/12/2006
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	2 000	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	2 000	0%	0	0%	0

Total Provision for depreciation (Total III)

			28/02/2009		28/02/2008		31/12/2006
	Value at begining of period	7B	6 189	0%	0	0%	0
Increases		TY	8 458	0%	0	0%	0
Decreases		TZ	6 189	0%	0	0%	0
	Value at the end of period	UA	8 458	0%	0	0%	0

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

		28/02/2009		28/02/2008		31/12/2006
Gross value	VT	218 360	0%	0	0%	0
1 year at most	VU	218 360	0%	0	0%	0
More than one year	VV	0	0%	0	0%	0

State of loans

		28/02/2009		28/02/2008		31/12/2006
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	8 549	0%	0	0%	0
Other financial assets (1 year at most)	UV	8 549	0%	0	0%	0

Receivables statement of assets

		28/02/2009		28/02/2008		31/12/2006
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	1 498	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	200	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	104 886	0%	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	82 989	0%	0	0%	0

Prepaid

		28/02/2009		28/02/2008		31/12/2006
Prepaid	VS	20 238	0%	0	0%	0

State Debt

			28/02/2009		28/02/2008		31/12/2006
	Total debt (gross)	VY	1 030 717	0%	0	0%	0
1 year at most		VZ2	1 008 073	0%	0	0%	0
More than 1 year and 5 years at most		VZ3	22 644	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			28/02/2009		28/02/2008		31/12/2006
	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	471 820	0%	0	0%	0
1 year at most		VG2	471 820	0%	0	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	75 003	0%	0	0%	0
1 year at most		VH2	52 359	0%	0	0%	0
More than 1 year and 5 years at most		VH3	22 644	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	367 545	0%	0	0%	0
1 year at most		8B2	367 545	0%	0	0%	0
More than 1 year and 5 years at most		8B3	367 545	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	27 286	0%	0	0%	0
1 year at most		8C2	27 286	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	27 564	0%	0	0%	0
1 year at most		8D2	27 564	0%	0	0%	0
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	1 573	0%	0	0%	0
1 year at most		VW2	1 573	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	2 790	0%	0	0%	0
1 year at most		VQ2	2 790	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	45 441	0%	0	0%	0
1 year at most		VI2	45 441	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
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	11 695	0%	0	0%	0
1 year at most		8L2	11 695	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		28/02/2009		28/02/2008		31/12/2006
Loans made during the period	VJ	60 000	0%	0	0%	0
Debt repaid during the period	VK	64 283	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		28/02/2009		28/02/2008		31/12/2006
Dividends	ZE	0	0%	0	0%	0

Commitments

		28/02/2009		28/02/2008		31/12/2006
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

		28/02/2009		28/02/2008		31/12/2006
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

		28/02/2009		28/02/2008		31/12/2006
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

		28/02/2009		28/02/2008		31/12/2006
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

		28/02/2009		28/02/2008		31/12/2006
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		28/02/2009		28/02/2008		31/12/2006
Groups and Shareholders	ZR	0	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

		28/02/2009		28/02/2008		31/12/2006	Sector Median 2009
Fixed Asset Financing		39,31	253,5%	11,12	-95,6%	255,03	2,19	1695,0%
Global Debt		199 days	26,8%	157 days	-42,9%	275 days	131 days	51,9%
Working Capital Fund overall net		424 days	398,8%	85 days	-76,2%	357 days	52 days	715,4%
Financial independence		386,91%	287,4%	99,88%	-	%	114,51%	237,9%
More ratios
Solvability		67,20%	321,8%	15,93%	-41,9%	27,42%	24,99%	168,9%
Capacity debt futures		403,63%	-	%	-	%	403,63%	0%
Coverage of current assets by net working capital overall		39,95%	12,6%	35,49%	-63,4%	97,08%	38,25%	4,4%
General Liquidity		0,22	-		-		0,24	-8,3%
Restricted Liquidity		2,63	-		-		0,74	255,4%

Management or rotation

		28/02/2009		28/02/2008		31/12/2006	Sector Median 2009
Need background in operating working capital		43 days	2050,0%	2 days	-99,0%	202 days	2 days	2050,0%
Treasury		380 days	363,4%	82 days	-43,1%	144 days	4 days	9400%
Inventory turnover of goods		155 days	12,3%	138 days	-46,7%	259 days	89,50 days	73,2%
Average length of credit granted to customers		0 days	0%	0 days	0%	9 days	6 days	0%
Average length of credit obtained suppliers		72 days	-29,4%	102 days	1600%	6 days	41 days	75,6%
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1407,50 days	-
Rotation tangible assets		5650,18%	-	%	-	%	1893,75%	198,4%

Profitability of the business

		28/02/2009		28/02/2008		31/12/2006	Sector Median 2009
Margin trading		33,85%	-2,8%	34,81%	-32,0%	51,16	34,55%	-2,0%
Profitability of the business		-12,73	-525,8%	2,99	-83,6%	18,24	1,11%	-1246,8%
Net profit		-13,64%	-845,4%	1,83%	-89,3%	17,12%	0,21%	-6595,2%
More ratios
Growth rate of turnover (excluding VAT)		94,57%	-92,8%	1308,44%	-	%	3,94%	2300,3%
Rates integration		1,11%	-92,6%	15%	-29,6%	21,31%	11,67%	-90,5%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		1214,05%	1440,1%	78,83%	820,9%	8,56%	25,29%	4700,5%
Weight interests		0,31	93,8%	0,16%	0%	0%	0,06%	416,7%

Return on capital

		28/02/2009		28/02/2008		31/12/2006	Sector Median 2009
Cash flow from the overall profitability		-13,34%	-687,7%	2,27%	-86,7%	17,12%	1,40%	-1052,9%
Rates of economic profitability		-9%	-175,0%	12%	-33,3%	18%	12%	-175,0%
Financial profitability		2115720%	2571,8%	79188%	303,4%	19631%	85,14%	2484889,4%
Return on investment		-9,16%	-216,8%	7,84%	-54,4%	17,21%	7,23%	-226,7%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	28/02/2009		28/02/2008		31/12/2006	Sector Median 2009
Turnover	1 861 735	94,6%	956 825	1308,4%	67 935	79 703 €	2235,8%

Sales of goods	1 712 739	92,2%	891 163	1274,7%	64 825
- Purchase of goods	1 334 521	77,8%	750 462	1351,1%	51 718
+/- Stock of goods variation	-252 026	-31,0%	-192 409	-788,8%	-21 649
Trading margin	630 244 €	89,2%	333 110 €	858,4%	34 756 €	20 247,50 €	3012,7%
	33,85 % CA	-2,8%	34,81 % CA	-32,0%	51,16 % CA	35,40 % CA	-4,4%

Sale of goods produced	148 996	126,9%	65 662	2011,3%	3 110
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	148 996 €	126,9%	65 662 €	2011,3%	3 110 €	2 696 €	5426,6%
	8,00 % CA	16,6%	6,86 % CA	49,8%	4,58 % CA	6,97 % CA	14,8%

Trading margin	630 244	89,2%	333 110	858,4%	34 756	20 247,50	3012,7%
+ Period Production	148 996	126,9%	65 662	2011,3%	3 110	2 696	5426,6%
- Purchase of raw materials	172 144	123,0%	77 206	12854,0%	596
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	586 396	229,3%	178 050	681,2%	22 793
Added value	20 700 €	-85,6%	143 516 €	891,3%	14 477 €	8 896,50 €	132,7%
	1,11 % CA	-92,6%	15,00 % CA	-29,6%	21,31 % CA	11,67 % CA	-90,5%

Added value	20 700 €	-85,6%	143 516 €	891,3%	14 477 €	8 896,50 €	132,7%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	6 395	266,9%	1 743	106,5%	844
- Personal charges	251 309	122,1%	113 140	9031,6%	1 239
Gross operating surplus	-237 004 €	-927,7%	28 633 €	131,0%	12 394 €	335,50 €	-70742,0%
	-12,73 % CA	-525,8%	2,99 % CA	-83,6%	18,24 % CA	1,12 % CA	-1236,6%

Gross operating surplus	-237 004 €	-927,7%	28 633 €	131,0%	12 394 €	335,50 €	-70742,0%
+ Release of reserves and provisions	10 417	0%	0	0%	0
+ Other operating income	2 872	1132,6%	233	1270,6%	17
- Depreciation/Amortisation	18 136	75,1%	10 359	0%	0
- Other charges	9 105	2601,8%	337	113,3%	158
Operating result	-250 956 €	-1481,2%	18 170 €	48,3%	12 253 €	-32 €	-784137,5%
	-13,48 % CA	-809,5%	1,90 % CA	-89,5%	18,04 % CA	0,21 % CA	-6519,0%

Operating result	-250 956 €	-1481,2%	18 170 €	48,3%	12 253 €	-32 €	-784137,5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	4 839	20,7%	4 010	169,7%	1 487
- Financial charges	5 742	278,0%	1 519	0%	0
Pre-tax result	-251 859 €	-1319,0%	20 661 €	50,4%	13 740 €	-112,50 €	-223774,7%
	-13,53 % CA	-726,4%	2,16 % CA	-89,3%	20,23 % CA	0,12 % CA	-11375,0%

Extraordinary income	0	0%	0	0%	0	0	0%
- Extraordinary charges	2 000	0%	0	0%	0
Extraordinary result	-2 000 €	0%	0 €	0%	0 €	0 €	0%
	-0,11 % CA	0%	0,00 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	-251 859 €	-1319,0%	20 661 €	50,4%	13 740 €	-112,50 €	-223774,7%
Extraordinary result	-2 000 €	0%	0 €	0%	0 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	0	0%	3 138	48,9%	2 107
Net result	-253 859 €	-1548,7%	17 523 €	50,6%	11 633 €	49,50 €	-512946,5%
	-13,64 % CA	-845,4%	1,83 % CA	-89,3%	17,12 % CA	0,21 % CA	-6595,2%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Establishment details

Activity (APE)	Programmation informatique (6201Z)	Business Pages FT®
Postal Address	E-TREND ZI DE CARNOUX EN PROVENCE 16 AV LAVOISIER 13470 CARNOUX EN PROVENCE	Trading Address	16 AVENUE LAVOISIER 13470 CARNOUX EN PROVENCE
Telephone	04 86 18 91 28
Fax

Type	Head office	Status	Economically active
Formation Date	04/2008	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

	Department	Bouches-du-Rhône (13)	Region	Côte d'Azur
	District		Area
	City	CARNOUX EN PROVENCE	Size of urban area
Other establishments

Branches	2 branch entities in this company
Head office	> E-TREND <<<  - Vente à distance sur catalogue spécialisé (4791B)  in CARNOUX EN PROVENCE  (13470)
Secondary establishments	>  E-TREND  - Vente à distance sur catalogue spécialisé (4791B)  in PARIS 2  (75002) >  E-TREND  - Vente à distance sur catalogue spécialisé (4791B)  in CASSIS  (13260)

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

10 to 19 employees

Company workforce

10 to 19 employees

Commentary

The comments are arranged in decreasing order of importance

The net result is negative on the period : -250 956 €

The company is less than 9 years old

The latest figures are too old

The company has a share capital of 73 889 €, which is average

The company has an activity with no specific increased risk

Tangible fixed assets are up to 28 510 €

The company is in financial debt of 592 264 €

The financial result is negative on the period : -903 €

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
22/03/2012	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 85 - 488 972 993 RCS Marseille. E-TREND. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire : FICOREC en fonction le 29 Janvier 2009 Commissaire aux comptes suppléant : DEBUYCQ Guillaume en fonction le 29 Janvier 2009 Président du conseil d'administration et administrateur : GREGOIRE Séverine modification le 14 Mars 2012 Directeur général et administrateur : RAMADE Chloé modification le 14 Mars 2012 Administrateur : OROFINO Nicolas en fonction le 14 Mars 2012 Administrateur : MARCHETEAU Olivier en fonction le 14 Mars 2012 Administrateur : BUETERS Johanna en fonction le 14 Mars 2012. Capital : 73889 EUR. Activité : . Commentaires : Modification du capital. Modification de représentant.
03/03/2012	JAL	Appointment of the social representative
Nouvelles Publications (Les) Date de décision : 31/01/2012 Société faisant l'objet d'une nomination : 488972993 - E-TREND, 16 AV LAVOISIER, ZI DE CARNOUX EN PROVENCE, 13470 CARNOUX EN PROVENCE Nominé : Monsieur Séverine GREGOIRE En la fonction de : Président du Conseil d'Administration Nominé : Monsieur Nicolas OROFINO, 13260 CASSIS En la fonction de : Membre du Conseil d'Administration Nominé : Madame Johanna REYNOLDS, 78110 LE VESINET En la fonction de : Membre du Conseil d'Administration Nominé : Monsieur Olivier MARCHETEAU, 75017 PARIS 17 En la fonction de : Membre du Conseil d'Administration
03/03/2012	JAL	Modification of the share capital
Nouvelles Publications (Les) Date de décision : 31/01/2012 La société : 488972993 - E-TREND, 16 AV LAVOISIER, ZI DE CARNOUX EN PROVENCE, 13470 CARNOUX EN PROVENCE a subi une augmentation de son capital social désormais de 73 889 € Date d'effet : 31/01/2012
22/10/2009	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 895 - 488972993 RCS. E-TREND. Forme : Société par actions simplifiée. Adresse : 16 avenue Lavoisier Zone Industrielle Carnoux en Provence 13470 Carnoux-en-Provence. Commentaires : Comptes annuels et rapports de l'exercice clos le : 28/02/2009.
24/03/2009	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 667 - 488 972 993 RCS Marseille. E-TREND. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire : FICOREC en fonction le 29 Janvier 2009. Commissaire aux comptes suppléant : DEBUYCQ Guillaume en fonction le 29 Janvier 2009. Président : GREGOIRE Séverine en fonction le 16 Mars 2009. Directeur général : RAMADE Chloé en fonction le 16 Mars 2009. Capital : 72762 EUR. Commentaires : Modification de la forme juridique. Modification du capital. Modification de représentant.
10/02/2009	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 324 - 488 972 993 RCS Marseille. E-TREND. Forme : Société à responsabilité limitée. Administration : Gérant : GREGOIRE Severine Anne Denise. Gérant : RAMADE Chloe Maud Sophie. Commissaire aux comptes titulaire : FICOREC en fonction le 29 Janvier 2009. Commissaire aux comptes suppléant : DEBUYCQ Guillaume en fonction le 29 Janvier 2009. Commentaires : Modification de représentant.
26/08/2008	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 2484 - 488972993 RCS. E-TREND. Forme : Société à responsabilité limitée. Adresse : 16 avenue Lavoisier Zone Industrielle Carnoux en Provence, 13470 Carnoux-en-Provence. Commentaires : Comptes annuels et rapports de l'exercice clos le : 28/02/2008.
18/05/2008	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 237 - 488 972 993 RCS Marseille. E-TREND. Forme : Société à responsabilité limitée. Enseigne : E-TREND. Adresse de l’établissement principal : 16 avenue Lavoisier, Zone Industrielle Carnoux en Provence, 13470 Carnoux-en-Provence. Adresse du siège social : 16 avenue Lavoisier, Zone Industrielle Carnoux en Provence, 13470 Carnoux-en-Provence. Commentaires : Modification de l'adresse du siège. Modification de l'adresse de l'établissement.
13/09/2007	Bodacc C	Avis de dépôt des comptes
1598 - 488 972 993. RCS Marseille E-TREND. Forme: Société à responsabilité limitée. Adresse du siège social: Immeuble Lavande Résidence le Panoramic, 13260 Cassis. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
17/06/2007	Bodacc B	Modifications et mutations diverses
319 - RCS Marseille B 488 972 993. RC 06-B 922. E-TREND. Forme : S.A.R.L. Capital : 50 034 euros. Commentaires : modification survenue sur le capital (augmentation).
22/03/2006	Bodacc A	Création d'établissement
0115 - RCS Marseille B 488 972 993. RC 06-B 922. E-TREND. Forme : S.A.R.L. Capital : 8 000 euros. Adresse du siège social : résidence Le Panoramic, immeuble Lavande, 13260 Cassis. Administration : gérants : GREGOIRE (Séverine, Anne, Denise) RAMADE (Chloé, Maud, Sophie). Etablissement principal - Nom commercial : E-Trend. Activité : création, gestion et développement de sites de vente en ligne. Adresse : résidence Le Panoramic, immeuble Lavande, 13260 Cassis. Cette société se constitue . Date de début d'activité : 9 mars 2006.

Company events history

Date	Description
22/03/2012	Bodacc B: Various editing or changing
09/03/2012	Minutes of general meeting of shareholders
09/03/2012	Minutes of Board meeting
09/03/2012	Amendment
09/03/2012	Changes to the Board of Directors
09/03/2012	Capital increase
09/03/2012	Updated articles of association
31/01/2012	Legal Gazette: Appointment of the social representative
31/01/2012	Legal Gazette: Modification of the share capital
31/12/2010	Update of Company Activity
31/12/2010	Update of Company Workforce
31/12/2010	Modification of Company Activity
04/06/2010	Collection of preferential rights activated for this company
31/12/2009	Update of Company Workforce
31/12/2009	Update of Company Activity
31/12/2009	Modification of Company Activity
22/10/2009	Bodacc C : Deposit accounts notice
24/03/2009	Bodacc B: Various editing or changing
13/03/2009	Appointment/resignation of company officers
13/03/2009	Changement de Forme Juridique avec changement de catégorie
13/03/2009	Fund deposit certificate
13/03/2009	Updated articles of association
13/03/2009	Capital increase
13/03/2009	Changes to the Board of Directors
13/03/2009	Modification du Conseil d'Administration
13/03/2009	Rapport des Commissaires ou du Gérant
13/03/2009	Audit or Management Report
13/03/2009	Augmentation de Capital
13/03/2009	Private document
13/03/2009	Statuts mis à jour
13/03/2009	New legal form – no new category
13/03/2009	Changement de Président (PDG, PCA)
13/03/2009	PV d'Assemblée
13/03/2009	Minutes of general meeting of shareholders
13/03/2009	New chairman (CEO, CoB)
28/02/2009	New accounts available
27/02/2009	Acte modificatif
27/02/2009	Audit or Management Report
27/02/2009	Rapport des Commissaires ou du Gérant
27/02/2009	New auditor
27/02/2009	Updated articles of association
27/02/2009	Minutes of general meeting of shareholders
27/02/2009	PV d'Assemblée
27/02/2009	Appointment/resignation of company officers
27/02/2009	Private document
27/02/2009	Acte sous seing privé
27/02/2009	Sale of shares
27/02/2009	Cession de parts
27/02/2009	Changement de Forme Juridique avec changement de catégorie
27/02/2009	Statuts mis à jour
10/02/2009	New Bodacc B ads detected
29/01/2009	Other modification of Establishment (error correction)
29/01/2009	Minutes of general meeting of shareholders
29/01/2009	PV d'Assemblée
29/01/2009	Appointment/resignation of company officers
29/01/2009	Private document
29/01/2009	Changement de Commissaire aux Comptes
29/01/2009	Update of Company Legal Form
26/08/2008	Bodacc C : Deposit accounts notice
18/05/2008	Bodacc B: Various editing or changing
18/05/2008	New Bodacc B ads detected
07/05/2008	Transfert du Siège dans le ressort du Tribunal de Commerce
07/05/2008	Registered office transferred inside jurisdiction of the Commercial Court
07/05/2008	Private document
07/05/2008	Minutes of general meeting of shareholders
07/05/2008	Updated articles of association
07/05/2008	Rapport des Commissaires ou du Gérant
07/05/2008	Amendment
01/04/2008	Update of Company Head Office Identifier
01/04/2008	Transfer of Establishment
28/02/2008	New accounts available
23/05/2007	Private document
23/05/2007	New closing date
23/05/2007	Augmentation de Capital
23/05/2007	Fund deposit certificate
23/05/2007	Updated articles of association
23/05/2007	Minutes of general meeting of shareholders
23/05/2007	PV d'Assemblée
31/12/2006	New accounts available
10/03/2006	Articles of association
10/03/2006	Statuts
10/03/2006	Company formation
10/03/2006	Certificat de dépôt des fonds
10/03/2006	Acte sous seing privé
10/03/2006	Private document
10/03/2006	Fund deposit certificate
10/03/2006	Formation de Société

Establishment events history

Date	Description
20/03/2012	Update Rating
09/08/2011	Update Rating
28/06/2011	Update of phone numbers
07/06/2011	Update Limit
31/12/2010	Update of Establishment Workforce
31/12/2010	Modification of Head office
08/10/2010	Update Limit
06/07/2010	Update Limit
06/07/2010	Update Rating
11/05/2010	Update Limit
11/05/2010	Update Rating
11/05/2010	Update Limit
11/05/2010	Update Rating
31/12/2009	Update of Establishment Workforce
31/12/2009	Modification of Head office
30/12/2009	Update Rating
20/10/2009	Update Rating
20/10/2009	Update Limit
09/03/2009	Update Rating
29/01/2009	Modification of Head office
22/08/2008	Update Limit
22/08/2008	Update Rating
02/06/2008	Update Rating
19/05/2008	Update Rating
01/04/2008	Formation of Head office (after transfer)

NOTES & COMMENTS

Na

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.