MIRA INFORM REPORT

Report Date :

14.05.2012

IDENTIFICATION DETAILS

Name :	UNIVERSAL SOURCING NETWORK
Registered Office :	123 Av Du General Leclerc28100 Dreux
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	July 2004
Com. Reg. No.:	RCS Chartres 0 477 830 707
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesale Trade
No. of Employees :	03 to 05 employees

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Under Bankruptcy Procedure
Payment Behaviour :	----
Litigation :	----

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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
France	A2	A2

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

Company summary

Name

UNIVERSAL SOURCING NETWORK

SIRET

477 830 707 00014

Trade name	U.S.N.
Activity (APE)	Commerce de gros (commerce interentreprises) non spEcialisE (4690Z)	Legal form	Simplified joint stock company
Phone	02 37 64 20 56	RCS Registration	RCS Chartres 0 477 830 707
Fax	02 37 64 15 77	Share capital	38,200 Euros
Address	UNIVERSAL SOURCING NETWORK U.S.N. 123 AV DU GENERAL LECLERC 28100 DREUX	Incorporated Date	07/2004
Nationality	France	Status	Economically active

Message For Rating

Company is in bankrupcy procedure

Last published Judgment	16/12/2011
Last published preferential right	This company is not under monitoring
No social security and tax office preferential right to date

Current Directors

1

Trading to Date	12/31/2010	12/31/2009	12/31/2008
Turnover	1,527,391 €	1,137,464 €	1,604,843 €
Gross Operating Surplus	-13,45 % Turnover	0,24 % Turnover	-3,25 % Turnover
Net worth	-244,485 €	24,015 €	26,483 €
Employees	3 to 5 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) non spEcialisE (4690Z)
RCS Registration	RCS Chartres 0 477 830 707	Share capital	38,200 Euros
Registration Court	Chartres (28)	Legal form	Simplified joint stock company
Court Registry Number	20 0 4B401	EU VAT Number	FR40477830707
Incorporation Date	07/2004	Formation Date	07/2004
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Establishment details

Trade name	U.S.N.
Activity (APE)	Commerce de gros (commerce interentreprises) non spEcialisE (4690Z)	Business Pages FT®	FOURNITURE MATERIEL INDUSTRIEL
Postal Address	UNIVERSAL SOURCING NETWORK U.S.N. 123 AV DU GENERAL LECLERC 28100 DREUX	Trading Address	123 AVENUE DU GENERAL LECLERC 28100 DREUX
Telephone	02 37 64 20 56
Fax	02 37 64 15 77

Type	Head office (one site company)	Status	Economically active
Formation Date	07/2004	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Eure-et-Loir (28)	Region	Centre
District	3	Area	97
City	DREUX	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> UNIVERSAL SOURCING NETWORK <<<  - Commerce de gros (commerce interentreprises) non spEcialisE (4690Z)  in DREUX  (28100)
Secondary establishments

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

3 to 5 employees

Company workforce

3 to 5 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	10/10/2011	17/11/2010	16/12/2009
Activity Code	4690Z	4690Z	4690Z
Employees	7	7	8

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	141 981	161,0%	54 400	1,8%	53 444	6 314	2148,7%
- Intangible assets	2 615	33,5%	1 959	-67,9%	6 098	0	0%
- Tangible assets	139 036	166,8%	52 111	10,8%	47 016	1 952	7022,7%
- Financial assets	330	0%	330	0%	330	75	340,0%
Net current assets	660 872	-2,0%	674 152	-6,4%	720 383	106 587	520,0%
- Stocks	481 657	5,9%	454 922	3,0%	441 599	8 528	5547,9%
- Advanced payments	0	-2,0%	0	0%	19 371	0	0%
- Receivables	119 559	-44,2%	214 333	-13,3%	247 251	37 535,50	218,5%
- Securities and cash	59 656	1118,2%	4 897	-59,7%	12 162	17 286	245,1%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	802 853	10,2%	728 555	-5,9%	773 828	130 697,50	514,3%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Shareholders' equity	-244 485	-1118,1%	24 015	-9,3%	26 483	30 799	-893,8%
Share capital	38 200	0%	38 200	0%	38 200	8 000	377,5%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1 047 339	48,7%	704 540	-5,7%	747 345	86 891,50	1105,3%
- Financial liabilities	906 530	316,6%	217 597	-22,6%	281 260	7 828,50	11479,9%
- Advanced payments received	0	0%	29 062	531,5%	4 602	0	0%
- Trade account payables	101 484	-71,4%	354 455	4,4%	339 474	23 025,50	340,7%
- Tax and social liabilities	39 324	-62,0%	103 426	-15,0%	121 650	17 912	119,5%
- Other debts and fixed assets liabilities	0	0%	0	0%	359	3 603	0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	802 854	10,2%	728 555	-5,9%	773 828	130 568,50	514,9%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Sales of Goods	1 550 973	33,5%	1 162 004	-27,8%	1 608 863	206 934,50	649,5%
Net turnover	1 527 391	34,3%	1 137 464	-29,1%	1 604 843	203 097	652,1%
- of which net export turnover	38 395	-15,9%	45 671	-39,3%	75 221	0	0%
Operating charges	1 755 561	51,6%	1 157 769	-30,9%	1 675 649	198 826,50	783,0%
Operating profit/loss	-204 588	-4930,9%	4 235	106,3%	-66 786	5 675	-3705,1%
Financial income	1 855	-3,3%	1 919	35,5%	1 416	0	0%
Financial charges	31 106	-18,7%	38 280	-8,0%	41 614	300	10268,7%
Financial profit/loss	-29 251	19,6%	-36 361	9,5%	-40 198	-55	-53083,6%
Pretax net operating income	-233 839	-627,9%	-32 126	70,0%	-106 984	5 010,50	-4767,0%
Extraordinary income	4 444	-85,9%	31 493	-72,2%	113 279	0	0%
Extraordinary charges	39 638	4509,1%	860	-63,2%	2 336	41	96578,0%
Extraordinary profit/loss	-35 194	-976,5%	30 633	-72,4%	110 943	0	0%
Net result	-268 499	-10774,8%	-2 469	-162,0%	3 983	5 107	-5357,5%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2010		31/12/2009		31/12/2008
	Grand Total (I to VI)	Net	802 853	10,2%	728 555	-5,9%	773 828
	Gross	CO	887 820	12,1%	791 942	-3,2%	817 734
	Amortisation	1A	84 967	34,0%	63 387	44,4%	43 906

Non declared distributed capital (I)

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

Active fixed asset (II)

			31/12/2010		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	141 981	161,0%	54 400	1,8%	53 444
	Gross	BJ	226 948	92,7%	117 786	21,0%	97 351
	Amortisation	BK	84 967	34,0%	63 386	44,4%

Intangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	2 615	33,5%	1 959	-67,9%	6 098
	Gross	AF	30 126	8,3%	27 825	0,0%	27 826
	Amortisation	AG	27 511	6,4%	25 866	19,0%	21 728
	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	2 615	33,5%	1 959	-67,9%	6 098

Tangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	232	-51,3%	476	-33,7%	718
	Gross	AP	1 701	0%	1 701	0%	1 701
	Amortisation	AQ	1 469	19,9%	1 225	24,6%	983
	Plant	Net	116 868	512,4%	19 083	3002,9%	615
	Gross	AR	129 879	464,2%	23 019	791,5%	2 582
	Amortisation	AS	13 011	230,6%	3 936	100,1%	1 967
	Other tangible fixed assets	Net	21 936	-32,6%	32 552	-28,7%	45 683
	Gross	AT	64 912	0,0%	64 911	0,0%	64 912
	Amortisation	AU	42 976	32,8%	32 359	68,3%	19 229
	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	139 036		52 111		47 016

Financial assets

			31/12/2010		31/12/2009		31/12/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	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	330	0%	330	0%	330
	Gross	BH	330	0%	330	0%	330
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		330		330		330

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	660 872	-2,0%	674 152	-6,4%	720 383
	Gross	CJ	660 872	-2,0%	674 152	-6,4%	720 383
	Amortisation	CK	0	0%	0	0%	0

Stocks

			31/12/2010		31/12/2009		31/12/2008
	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	481 657	5,9%	454 922	3,0%	441 599
	Gross	BT	481 657	5,9%	454 922	3,0%	441 599
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	481 657	5,9%	454 922	3,0%	441 599

Advance payments to suppliers

			31/12/2010		31/12/2009		31/12/2008
	Advance payments to suppliers	Net	0	0%	0	0%	19 371
	Gross	BV	0	0%	0	0%	19 371
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2010		31/12/2009		31/12/2008
	Trade accounts receivable	Net	61 851	-65,7%	180 361	-4,0%	187 896
	Gross	BX	61 851	-65,7%	180 361	-4,0%	187 896
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	54 418	98,7%	27 392	-44,9%	49 729
	Gross	BZ	54 418	98,7%	27 392	-44,9%	49 729
	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	116 269	-44,0%	207 753	-12,6%	237 625

Divers

			31/12/2010		31/12/2009		31/12/2008
	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	59 656	1118,2%	4 897	-59,7%	12 162
	Gross	CF	59 656	1118,2%	4 897	-59,7%	12 162
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	59 656	1118,2%	4 897	-59,7%	12 162

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	3 290	-50,0%	6 580	-31,6%	9 626
	Gross	CH	3 290	-50,0%	6 580	-31,6%	9 626
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

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

References

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

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive
Other capital resources | Provisions for risks and charges | Liabilities | Translation loss | Equalization accounts | References

Grand Total - Passive Accounts (I to IV)

		31/12/2010		31/12/2009		31/12/2008
Grand Total (I to V)	EE	802 854	10,2%	728 555	-5,9%	773 828

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	-244 485	-1118,1%	24 015	-9,3%	26 483
	Equity and shareholders' equity	DA	38 200	0%	38 200	0%	38 200
	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	0	0%	0	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	-14 186	-21,1%	-11 716	25,4%	-15 700
	Profit or loss for the period	DI	-268 499	-10774,8%	-2 469	-162,0%	3 983
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

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

Provisions for risks and charges (III)

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

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	1 047 339	48,7%	704 540	-5,7%	747 345
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	26 760	-87,7%	217 597	-13,2%	250 659
	Sundry loans and financial liabilities	DV	879 770	0%	0	0%	30 601
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	29 062	531,5%	4 602
	Trade accounts payables	DX	101 484	-71,4%	354 455	4,4%	339 474
	Tax and social security liabilities	DY	39 324	-62,0%	103 426	-15,0%	121 650
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	0	0%	0	0%	359

Translation loss (V)

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

Equalization accounts

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

References

		31/12/2010		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	150 560	-77,7%	675 478	0%	0
Of which current bank facilities	EH	0	0%	48 771	0%	0

Display parameter
Currency	Euro	Kilo Euro

Result account
Sales of Goods | Operating charges | Operating charges | Financial income | Financial charges | Financial charges | Extraordinary charges |Employee profit sharing | Tax on profits | References

1- Operating result (I-II)

		31/12/2010		31/12/2009		31/12/2008
Operating result (Total I-II)	GG	-204 588	-4930,9%	4 235	106,3%	-66 786

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	-29 251	19,6%	-36 361	9,5%	-40 198

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

		31/12/2010		31/12/2009		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-233 839	-627,9%	-32 126	70,0%	-106 984

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-35 194	-214,9%	30 633	-72,4%	110 943

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	-268 499	-10774,8%	-2 469	-162,0%	3 983

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	1 557 272	30,3%	1 195 416	-30,6%	1 723 558

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

		31/12/2010		31/12/2009		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	1 825 772	52,4%	1 197 884	-30,3%	1 719 576

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	1 550 973	33,5%	1 162 004	-27,8%	1 608 863

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	1 518 331	34,5%	1 128 941	-28,9%	1 587 583
	France	FA	1 483 137	36,7%	1 084 706	-28,7%	1 521 224
	Export	FB	35 194	-20,4%	44 235	-33,3%	66 359
	Sale of goods produced	FF	0	0%	0	0%	0
	France	FD	0	0%	0	0%	0
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	9 060	6,3%	8 523	-50,6%	17 260
	France	FG	5 859	-17,3%	7 087	-15,6%	8 398
	Export	FH	3 201	122,9%	1 436	-83,8%	8 862
	Net turnover	FL	1 527 391	34,3%	1 137 464	-29,1%	1 604 843
	France	FJ	1 488 996	36,4%	1 091 793	-28,6%	1 529 622
	Export	FK	38 395	-15,9%	45 671	-39,3%	75 221
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	166	-95,3%	3 529	-10,8%	3 958
	Release of reserves and provisions	FP	21 664	3,1%	21 011	33788,7%	62
	Other income	FQ	1 752	0%	0	0%	0

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	1 755 561	51,6%	1 157 769	-30,9%	1 675 649

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	1 077 793	79,9%	599 144	-50,0%	1 197 235
Change in stocks of goods for resale	FT	-26 735	-100,7%	-13 324	93,4%	-202 617
Purchase of raw materials	FU	2 594	32,7%	1 955	-86,8%	14 857
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	404 680	35,4%	298 912	-20,6%	376 593
Tax, duty and similar payments	FX	17 630	55,2%	11 361	-4,1%	11 849
Payroll	FY	196 491	7,1%	183 433	-5,6%	194 380
Social security costs	FZ	60 509	6,5%	56 806	-17,2%	68 647

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	21 579	10,8%	19 482	32,5%	14 705
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	1 020	0%	0	0%	0

Operating charges (III-IV)

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

Financial income (V)

			31/12/2010		31/12/2009		31/12/2008
	Total financial income (Total V)	GP	1 855	-3,3%	1 919	35,5%	1 416
	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	845	6,4%	794	26366,7%	03
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	1 010	-10,2%	1 125	-20,3%	1 412
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2010		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	31 106	-18,7%	38 280	-8,0%	41 614
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	29 027	-16,9%	34 913	-6,6%	37 399
	Exchange losses	GS	2 079	-38,3%	3 367	-20,1%	4 215
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary income (Total VII)	HD	4 444	-85,9%	31 493	-72,2%	113 279
	Extraordinary operating income	HA	4 444	-85,9%	31 493	-71,5%	110 679
	Extraordinary income from capital transactions	HB	0	0%	0	0%	2 600
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	39 638	4509,1%	860	-63,2%	2 336
	Extraordinary operating charges	HE	39 638	4509,1%	860	-28,0%	1 195
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	1 141
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2010		31/12/2009		31/12/2008
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	-23

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	-533	-154,7%	975	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	21 664	0%	0	0%	62
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)

			31/12/2010		31/12/2009		31/12/2008
	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%	3 750
	Gross value at the end of period	OL	226 947	92,7%	117 788	21,0%	97 351

Research and development Charge (Total I)

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

Other budget item from Intangible fixed assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	KD	27 826	0%	27 826	0,7%	27 626
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	2 300	0%	0	0%	200
	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	30 126	8,3%	27 826	0%	27 826

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	89 632	29,5%	69 195	105,3%	33 703
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	106 860	422,9%	20 437	-47,9%	39 242
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	3 750
	Gross value at the end of period	NH	196 492	119,2%	89 632	29,5%	69 195

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	330	0%	330	0%	330
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	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	330	0%	330	0%	330

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

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	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)

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

Other intangible assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	25 866	19,0%	21 728	33,4%	16 283
Increases		PF	1 644	-60,3%	4 138	-24,0%	5 445
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	27 510	6,4%	25 866	19,0%	21 728

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	37 522	69,2%	22 175	42,8%	15 525
Increases		QV	19 933	29,9%	15 340	65,7%	9 257
Decreases		QW	0	0%	0	0%	2 609
	Decreasess by budget item transfer	QX	57 455	53,2%	37 515	69,2%	22 173

Movements during period affecting charge allocated over several period
Charges à rEpartir ou frais d'Emission d'emprunt

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

Premium refund of obligations

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

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

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7C	0	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	0

Includes Total allocations

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

Includes Total Withdrawal

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

Total regulated provisions (Total I)

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

Total risk and charge provisions (Total II)

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

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	119 889	-44,2%	214 664	-13,3%	247 581
1 year at most	VU	119 559	-44,2%	214 334	-13,3%	247 251
More than one year	VV	330	0%	330	0%	330

State of loans

		31/12/2010		31/12/2009		31/12/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	330	0%	330	0%	330
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	61 851	-65,7%	180 361	-4,0%	187 896
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	1 958	30,5%	1 500	50,0%	1 000
Social Security and other social organizations	UZ	0	0%	168	0%	0
Income taxes	VM	533	0%	0	0%	0
Value added tax	VB	9 082	358,2%	1 982	47,0%	1 348
Other taxes and payments assimilated	VN	667	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	42 176	77,6%	23 743	-49,9%	47 381

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	3 290	-50,0%	6 580	-31,6%	9 626

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	1 047 338	55,1%	675 479	-9,1%	742 743
1 year at most		VZ2	150 559	-74,4%	587 861	-0,5%	590 777
More than 1 year and 5 years at most		VZ3	896 779	923,5%	87 618	-42,3%	151 966
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2009		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	48 771	52,0%	32 080
1 year at most		VG2	0	0%	48 771	52,0%	32 080
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	26 759	-84,2%	168 827	-22,8%	218 579
1 year at most		VH2	9 751	-88,0%	81 209	21,9%	66 613
More than 1 year and 5 years at most		VH3	17 008	-80,6%	87 618	-42,3%	151 966
	Loans and various financial liabilities (gross)	8A1	879 770	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	879 770	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	101 484	-71,4%	354 455	4,4%	339 474
1 year at most		8B2	101 484	-71,4%	354 455	4,4%	339 474
More than 1 year and 5 years at most		8B3	101 484	-71,4%	354 455	4,4%	339 474
	Personnel and associated accounts (gross)	8C1	2 103	-81,0%	11 040	42,9%	7 725
1 year at most		8C2	2 103	-81,0%	11 040	42,9%	7 725
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	21 388	-36,4%	33 647	5,4%	31 920
1 year at most		8D2	21 388	-36,4%	33 647	5,4%	31 920
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	975	0%	0
1 year at most		8E2	0	0%	975	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	7 406	-83,7%	45 566	-40,2%	76 169
1 year at most		VW2	7 406	-83,7%	45 566	-40,2%	76 169
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	8 426	-30,9%	12 198	109,0%	5 836
1 year at most		VQ2	8 426	-30,9%	12 198	109,0%	5 836
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	30 601
1 year at most		VI2	0	0%	0	0%	30 601
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%	359
1 year at most		8K2	0	0%	0	0%	359
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Loans made during the period	VJ	0	0%	19 860	0%	0
Debt repaid during the period	VK	60 469	-14,5%	70 696	0%	0

Table allocation results and other information
Dividends distributed

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

Commitments

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

Other charges Externes

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

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

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

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	07	0%	07	-12,5%	08

Groups and Shareholders

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

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Fixed Asset Financing		3,29	50,9%	2,18	-39,6%	3,61	2,99	10,0%
Global Debt		247 days	10,8%	223 days	32,7%	168 days	128 days	93,0%
Working Capital Fund overall net		123 days	179,5%	44 days	-22,8%	57 days	56 days	119,6%
Financial independence		-913,62%	-8375,5%	11,04%	4,4%	10,57%	240,78%	-479,4%
Solvability		-30,45%	-1022,7%	3,30%	-3,5%	3,42%	26,99%	-212,8%
Capacity debt futures		-2507,28%	-13667,5%	18,48%	-31,1%	26,83%	683,43%	-466,9%
Coverage of current assets by net working capital overall		79,09%	281,3%	20,74%	-42,0%	35,78%	37,46%	111,1%
General Liquidity		0,79	119,4%	0,36	-14,3%	0,42	0,59	33,9%
Restricted Liquidity		1,19	221,6%	0,37	-15,9%	0,44	1,03	15,5%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Need background in operating working capital		108 days	92,9%	56 days	7,7%	52 days	13 days	730,8%
Treasury		14 days	200%	-14 days	-566,7%	3 days	6 days	133,3%
Inventory turnover of goods		165 days	-41,1%	280 days	75,0%	160 days	45 days	266,7%
Average length of credit granted to customers		15 days	-73,7%	57 days	35,7%	42 days	46 days	-67,4%
Average length of credit obtained suppliers		25 days	-82,6%	144 days	63,6%	88 days	52 days	-51,9%
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	1733 days	-
Rotation tangible assets		777,33%	-38,7%	1269,04%	-45,3%	2319,30%	2128,68%	-63,5%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Margin trading		30,59%	-35,9%	47,75%	29,2%	36,95	23,41%	30,7%
Profitability of the business		-13,45	-5704,2%	0,24	107,4%	-3,25	3,70%	-463,5%
Net profit		-17,58%	-7890,9%	-0,22%	-188,0%	0,25%	2,09%	-941,1%
Growth rate of turnover (excluding VAT)		34,28%	217,7%	-29,12%	-148,6%	59,97%	3,73%	819,0%
Rates integration		4,52%	-79,5%	22,05%	61,8%	13,63%	17,63%	-74,4%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		372,15%	288,5%	95,80%	-20,3%	120,23%	52,28%	611,8%
Weight interests		2,04	-39,5%	3,37%	30,1%	2,59%	0,14%	1357,1%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Cash flow from the overall profitability		-16,17%	-1178,0%	1,50%	40,2%	1,07%	3,22%	-602,2%
Rates of economic profitability		-31%	-3200%	1%	105,9%	-17%	18%	-272,2%
Financial profitability		-244485%	-1118,1%	24015%	-9,3%	26483%	6257%	-4007,4%
Return on investment		-35,86%	-342,0%	14,82%	0%	14,82%	13,86%	-358,7%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermediaires de Gestion

	31/12/2010		31/12/2009		31/12/2008	Sector Median2010
Turnover	1 527 391	34,3%	1 137 464	-29,1%	1 604 843	203 097 €	652,1%

Sales of goods	1 518 331	34,5%	1 128 941	-28,9%	1 587 583
- Purchase of goods	1 077 793	79,9%	599 144	-50,0%	1 197 235
+/- Stock of goods variation	-26 735	-100,7%	-13 324	93,4%	-202 617
Trading margin	467 273 €	-14,0%	543 121 €	-8,4%	592 965 €	37 937 €	1131,7%
	30,59 % CA	-35,9%	47,75 % CA	29,2%	36,95 % CA	25,80 % CA	18,6%

Sale of goods produced	9 060	6,3%	8 523	-50,6%	17 260
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	9 060 €	6,3%	8 523 €	-50,6%	17 260 €	8 301 €	9,1%
	0,59 % CA	-21,3%	0,75 % CA	-30,6%	1,08 % CA	5,92 % CA	-90,0%

Trading margin	467 273	-14,0%	543 121	-8,4%	592 965	37 937	1131,7%
+ Period Production	9 060	6,3%	8 523	-50,6%	17 260	8 301	9,1%
- Purchase of raw materials	2 594	32,7%	1 955	-86,8%	14 857
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	404 680	35,4%	298 912	-20,6%	376 593
Added value	69 059 €	-72,5%	250 777 €	14,6%	218 775 €	41 839,50 €	65,1%
	4,52 % CA	-79,5%	22,05 % CA	61,8%	13,63 % CA	17,63 % CA	-74,4%

Added value	69 059 €	-72,5%	250 777 €	14,6%	218 775 €	41 839,50 €	65,1%
+ Operating grants	166	-95,3%	3 529	-10,8%	3 958
- Tax, duty and similar payments	17 630	55,2%	11 361	-4,1%	11 849
- Personal charges	257 000	7,0%	240 239	-8,7%	263 027
Gross operating surplus	-205 405 €	-7690,7%	2 706 €	105,2%	-52 143 €	7 821,50 €	-2726,2%
	-13,45 % CA	-5704,2%	0,24 % CA	107,4%	-3,25 % CA	3,70 % CA	-463,5%

Gross operating surplus	-205 405 €	-7690,7%	2 706 €	105,2%	-52 143 €	7 821,50 €	-2726,2%
+ Release of reserves and provisions	21 664	3,1%	21 011	33788,7%	62
+ Other operating income	1 752	0%	0	0%	0
- Depreciation/Amortisation	21 579	10,8%	19 482	32,5%	14 705
- Other charges	1 020	0%	0	0%	0
Operating result	-204 588 €	-4930,9%	4 235 €	106,3%	-66 786 €	5 675 €	-3705,1%
	-13,39 % CA	-3718,9%	0,37 % CA	108,9%	-4,16 % CA	2,66 % CA	-603,4%

Operating result	-204 588 €	-4930,9%	4 235 €	106,3%	-66 786 €	5 675 €	-3705,1%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	1 855	-3,3%	1 919	35,5%	1 416
- Financial charges	31 106	-18,7%	38 280	-8,0%	41 614
Pre-tax result	-233 839 €	-627,9%	-32 126 €	70,0%	-106 984 €	5 007,50 €	-4769,8%
	-15,31 % CA	-442,9%	-2,82 % CA	57,7%	-6,67 % CA	2,35 % CA	-751,5%

Extraordinary income	4 444	-85,9%	31 493	-72,2%	113 279	0	0%
- Extraordinary charges	39 638	4509,1%	860	-63,2%	2 336
Extraordinary result	-35 194 €	-214,9%	30 633 €	-72,4%	110 943 €	0 €	0%
	-2,30 % CA	-185,5%	2,69 % CA	-61,1%	7 % CA	0 % CA	0%

Pre-tax result	-233 839 €	-627,9%	-32 126 €	70,0%	-106 984 €	5 007,50 €	-4769,8%
Extraordinary result	-35 194 €	-214,9%	30 633 €	-72,4%	110 943 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	-23
- Tax on profits	-533	-154,7%	975	0%	0
Net result	-268 500 €	-10779,3%	-2 468 €	-162,0%	3 982 €	5 075,50 €	-5390,1%
	-17,58 % CA	-7890,9%	-0,22 % CA	-188,0%	0,25 % CA	2,09 % CA	-941,1%

judgements

Collective procedures

Courtss

Judgment	Redressement judiciaire	Effective date	04/11/2010
Court	CHARTRES
Details JUGEMENT DE REDRESSEMENT JUDICIAIRE : (Ouverture d'une procEdure de) Redressement judiciaire Par jugement en date du 27/10/2010 le Tribunal de Commerce de Chartres a ouvert la procEdure de redressement judiciaire à l'Egard de UNIVERSAL SOURCING NETWORK La date de cessation des paiements a EtE fixEe provisoirement au 20/09/2010 a nommE David SIZAIRE en qualitE de juge commissaire et Alain HURON en qualitE de juge commissaire supplEant Maître Guy PIERRAT Administrateur Judiciaire 24 Rue Chanzy 28000 CHARTRES en qualitE d'administrateur avec la mission dEfinie à l'article L. 631- 12 du Code de Commerce, d'assister le dEbiteur pour tous les actes relatifs à la gestion ou certains d'entre eux, et SELARL "P.J.A" reprEsentEe par Maître JOULAIN Mandataire Judiciaire 6/8 Rue du Docteur Maunoury 28000 CHARTRES en qualitE de mandataire judiciaire. A compter du 27/10/2010 - DATE D'EFFET : 27/10/2010

Rncs

Judgment

Plan de continuation/Redressement

Effective date

01/12/2011

Judgment

Redressement judiciaire

Effective date

04/11/2010

Bodacc

Judgment	Plan de continuation/Redressement	Effective date	16/12/2011
Court	Chartres	Parution date from Gazette	16/12/2011
Extrait de jugement Jugement de plan de redressement Jugement arrêtant le plan de redressement, durEe du plan 10 ANS nomme Commissaire à l'exEcution du plan Maître Guy PIERRAT 24, rue Chanzy - 28000 Chartres .

Judgment	Redressement judiciaire	Effective date	24/11/2010
Court	Chartres	Parution date from Gazette	24/11/2010
Jugement d'ouverture Jugement d'ouverture d'une procEdure de redressement judiciaire Jugement prononçant l'ouverture d'une procEdure de redressement judiciaire, date de cessation des paiements le 20 Septembre 2010 dEsignant administrateur Maître Guy Pierrât administrateur Judiciaire - 24 rue Chanzy - 28000 Chartres avec les pouvoirs : d'assister le dEbiteur pour tous les actes relatifs à la gestion, mandataire judiciaire Selarl "P.J.A" ReprEsentEe Par Maître Joulain mandataire Judiciaire - 6/8 rue du Docteur Maunoury - 28000 Chartres . Les dEclarations des crEances sont à dEposer au mandataire judiciaire dans les deux mois à compter de la prEsente publication.

Other sources

No recent judgment publication in other sources for the company.

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

Preferential rights details and history

Summary of preferential rights

Status of Monitoring	Collection of preferential rights impossible on this company
Number of active preferential rights	0
Total amount	-
Due remaining amount	-

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
19/04/2012	Bodacc B	Modification et mutation diverse
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 309 - 477 830 707 RCS Chartres. UNIVERSAL SOURCING NETWORK. Forme : SociEtE par actions simplifiEe. Administration : PrEsident : LOUPY Eric, Paul, Jean Commissaire aux comptes titulaire : ROULIN Gerard Commissaire aux comptes supplEant : PONS Serge. ActivitE : . Commentaires : Modification survenue sur l'administration.
06/04/2012	JAL	Appointment of the social representative
Horizons/Edition d Eure et Loir Date de dEcision : 05/12/2011 SociEtE faisant l'objet d'une nomination : 477830707 - UNIVERSAL SOURCING NETWORK, U.S.N., 123 AV DU GENERAL LECLERC, 28100 DREUX NominE : Monsieur Eric LOUPY, 78111 DAMMARTIN EN SERVE En la fonction de : PrEsident
06/04/2012	JAL	Resignation / Revocation of the social representative
Horizons/Edition d Eure et Loir Date de dEcision : 05/12/2011 La sociEtE 477830707 - UNIVERSAL SOURCING NETWORK, U.S.N., 123 AV DU GENERAL LECLERC, 28100 DREUX Fait l'objet du dEpart de Monsieur Simon ELLISON
16/12/2011	Bodacc A	Extrait de jugement
28 - EURE-ET-LOIR TRIBUNAL DE COMMERCE DE CHARTRES 1235 - Date : 30 novembre 2011. Jugement de plan de redressement. 477 830 707 RCS Chartres. UNIVERSAL SOURCING NETWORK. Forme : SociEtE par actions simplifiEe. ActivitE : Commerce de gros (commerce interentreprises) non spEcialisE. Adresse : 123 avenue du GEnEral Leclerc, 28100 Dreux. ComplEment de jugement : Jugement arrêtant le plan de redressement, durEe du plan 10 ANS nomme Commissaire à l'exEcution du plan Maître Guy PIERRAT 24, rue Chanzy - 28000 Chartres .
25/10/2011	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 4190 - 477830707 RCS. UNIVERSAL SOURCING NETWORK. Forme : SociEtE par actions simplifiEe. Adresse : 123 avenue du GEnEral Leclerc 28100 Dreux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
28/12/2010	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 3452 - 477830707 RCS. UNIVERSAL SOURCING NETWORK. Forme : SociEtE par actions simplifiEe. Adresse : 123 avenue du GEnEral Leclerc 28100 Dreux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
24/11/2010	Bodacc A	Jugement d'ouverture
28 - EURE-ET-LOIR TRIBUNAL DE COMMERCE DE CHARTRES 1584 - Date : 27 octobre 2010. Jugement d'ouverture d'une procEdure de redressement judiciaire. 477 830 707 RCS Chartres. UNIVERSAL SOURCING NETWORK. Forme : SociEtE par actions simplifiEe. ActivitE : Commerce de gros (commerce interentreprises) non spEcialisE. Adresse : 123 avenue du GEnEral Leclerc, 28100 Dreux. ComplEment de jugement : Jugement prononçant l'ouverture d'une procEdure de redressement judiciaire, date de cessation des paiements le 20 Septembre 2010 dEsignant administrateur Maître Guy Pierrât administrateur Judiciaire - 24 rue Chanzy - 28000 Chartres avec les pouvoirs : d'assister le dEbiteur pour tous les actes relatifs à la gestion, mandataire judiciaire Selarl "P.J.A" ReprEsentEe Par Maître Joulain mandataire Judiciaire - 6/8 rue du Docteur Maunoury - 28000 Chartres . Les dEclarations des crEances sont à dEposer au mandataire judiciaire dans les deux mois à compter de la prEsente publication.
14/01/2010	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 1552 - 477830707 RCS. UNIVERSAL SOURCING NETWORK. Forme : SociEtE par actions simplifiEe. Adresse : 123 avenue du GEnEral Leclerc 28100 Dreux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
12/07/2008	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE DREUX 2279 - 477830707 RCS. UNIVERSAL SOURCING NETWORK. Forme : SociEtE par actions simplifiEe. Adresse : 123 avenue du GEnEral Leclerc 28100 Dreux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
25/01/2008	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE DREUX 3487 - 477830707 RCS. UNIVERSAL SOURCING NETWORK. Forme : SociEtE par actions simplifiEe. Adresse : 123 avenue du GEnEral Leclerc 28100 Dreux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
26/12/2007	Bodacc C	Avis de dEpôt des comptes
758 - Dreux B 477 830 707. RC 04-B 142. UNIVERSAL SOURCING NETWORK. Forme: S.A.S. Adresse du siège social: 123, avenue du GEnEral-Leclerc,28100 Dreux. Comptes annuels et rapports de l'exercice clos le: 31 dEcembre 2006.
09/12/2007	Bodacc C	Avis de dEpôt des comptes
1846 - 477 830 707. RCS Dreux UNIVERSAL SOURCING NETWORK. Forme: SociEtE par actions simplifiEe. Adresse du siège social: 123 avenue du GEnEral Leclerc 28100 Dreux. Comptes annuels et rapports de l'exercice clos le: 31 dEcembre 2006.
24/04/2007	Bodacc C	Avis de dEpôt des comptes
210 - RCS Dreux B 477 830 707. RC 04-B 142. UNIVERSAL SOURCING NETWORK. Forme: S.A.S. Adresse du siège social: 123, avenue du GEnEral-Leclerc,28100 Dreux. Comptes annuels et rapports de l'exercice clos le: 31 dEcembre 2005.
29/03/2007	Bodacc B	Modifications et mutations diverses
348 - RCS Dreux 477 830 707. RC 04-B 142. UNIVERSAL SOURCING NETWORK. Forme : S.A.S. Capital : 38 200 euros. Nom commercial : U.S.N. Adresse du siège social : 123 avenue du GEnEral-Leclerc,, 28100 Administration : nouveau prEsident : ELLISON (Simon). Nouveau directeur gEnEral : LOUPY (Eric), ancien prEsident. Commentaires : dEcision de ne pas dissoudre la sociEtE malgrE la perte de plus de la moitiE du capital social. Date d'effet : 30 octobre 2006.
04/05/2005	Bodacc B	Modifications et mutations diverses
666 - RCS Dreux 477 830 707. RC 04-B 142. UNIVERSAL SOURCING NETWORK. Forme : S.A.S. Capital : 38 200 euros. Nom commercial : U.S.N. Adresse du siège social : 123 avenue du GEnEral-Leclerc,, 28100 Administration : nomination de LOUPY (Eric) en qualitE de prEsident, en remplacement de GAZON (Pascal), dEmissionnaire. Date d'effet : 28 janvier 2005.
24/08/2004	Bodacc A	CrEation d'Etablissement
RCS Dreux 477830707 A dater du: 12 juillet 2004 RC 04-B 142 UNIVERSAL SOURCING NETWORK. Forme : S.A.S. Capital : 38 200 euros Nom commercial: U.S.N. Adresse du siège social : 123 avenue du GEnEral-Leclerc, 28100 Dreux. Administration : prEsident : GAZON ( Pascal). Commissaire aux comptes titulaire : ROULIN (GErard). Commissaire aux comptes supplEant : PONS (Serge) Cette sociEtE se constitue Etablissement principal: ActivitE : tant en France qu'à l'Etranger, importation, achat, vente de tous articles de quincaillerie, de petit outillage, d' articles en acier et en toute autre matière de fournitures gEnErales pour l'industrie. Adresse : 123 avenue du GEnEral-Leclerc, 28100 Dreux Date de dEbut d'activitE: 12 juillet 2004.

Company events history

Date	Description
19/04/2012	Bodacc B: Various editing or changing
06/04/2012	Legal Gazette: Resignation / Revocation of the social representative
02/04/2012	New chairman (CEO, CoB)
02/04/2012	Minutes of general meeting of shareholders
16/12/2011	New collective procedure
05/12/2011	Legal Gazette: Appointment of the social representative
01/12/2011	New collective procedure
25/10/2011	Bodacc C : Deposit accounts notice
12/10/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
28/12/2010	Bodacc C : Deposit accounts notice
24/11/2010	New collective procedure
04/11/2010	New collective procedure
04/11/2010	New collective procedure
27/10/2010	New collective procedure
14/01/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
31/12/2008	New accounts available
12/07/2008	Bodacc C : Deposit accounts notice
28/04/2008	Amendment
28/04/2008	Reconstitution of net assets
28/04/2008	Acte modificatif
28/04/2008	Private document
28/04/2008	PV d'AssemblEe
28/04/2008	Reconstitution de l'Actif Net
28/04/2008	Minutes of general meeting of shareholders
25/01/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
02/02/2007	Acte modificatif
02/02/2007	Minutes of general meeting of shareholders
02/02/2007	Appointment/resignation of company officers
02/02/2007	Continuation malgrE perte supErieure à la moitiE du capital
02/02/2007	Modification du Conseil d'Administration
02/02/2007	PV d'AssemblEe
02/02/2007	Winding up
02/02/2007	Private document
31/12/2006	New accounts available
31/12/2005	New accounts available
22/03/2005	Acte modificatif
22/03/2005	Minutes of general meeting of shareholders
22/03/2005	Nomination/dEmission des organes de gestion
22/03/2005	Appointment/resignation of company officers
22/03/2005	Private document
22/03/2005	Acte sous seing privE
22/03/2005	PV d'AssemblEe
12/07/2004	Statuts
12/07/2004	Articles of association
12/07/2004	PV d'AssemblEe
12/07/2004	Minutes of general meeting of shareholders
12/07/2004	Nomination/dEmission des organes de gestion
12/07/2004	Acte modificatif
12/07/2004	Private document
12/07/2004	Acte sous seing privE
12/07/2004	Formation de SociEtE
12/07/2004	Company formation
12/07/2004	Appointment/resignation of company officers

Establishment events history

Date	Description
04/12/2011	Update Limit
04/12/2011	Update Rating
05/11/2010	Update Rating
05/11/2010	Update Limit
27/09/2010	Update Limit
26/09/2010	Update Rating
21/07/2010	Update of phone numbers
09/01/2010	Update Rating
18/12/2009	Update Rating
18/12/2009	Update Limit
06/12/2009	Update Rating
06/12/2009	Update Limit
06/09/2009	Update Limit
05/09/2009	Update Rating
03/07/2008	Update Limit
03/07/2008	Update Rating
17/01/2008	Update Rating
17/01/2008	Update Limit
13/01/2008	Update Limit
11/12/2007	Update Limit

directors

Name	M. LOUPY ERIC, PAUL, JEAN
Manager position	PrEsident	Date of birth	07/01/1967
Place of birth	ENGHIEN LES BAINS (95)
Type of manager	Individual	Name at birth of manager

Previous Directors

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

Manager position	Title and name	Date of Birth/Place of Birth
PrEsident	M SIMON FORDER ELLISON
PrEsident	M SIMON FORDER ELLISON
PrEsident	M SIMON ELLISON
PrEsident	M ERIC LOUPY
Directeur gEnEral	M ERIC LOUPY
Directeur gEnEral	M ERIC, PAUL, JEAN LOUPY
Directeur gEnEral	M ERIC, PAUL, JEAN LOUPY
Directeur gEnEral	M ERIC LOUPY

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.64
UK Pound	1	Rs.86.42
Euro	1	Rs.69.29

INFORMATION DETAILS

Report Prepared by :

MNL

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.