MIRA INFORM REPORT

Report Date :

15.05.2012

IDENTIFICATION DETAILS

Correct Name :	CAPSUGEL FRANCE

Registered Office :	10 Rue Timken, 68000 Colmar

Country :	France

Financials (as on) :	30.11.2010

Date of Incorporation :	January 1970

Com. Reg. No.:	RCS Colmar 7 612 050 518

Legal Form :	Simplified Joint Stock Company with Single Associate

Line of Business :	Miscellaneous Manufacturing

No. of Employees :	250 to 499 employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

France

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

Company summary

Name

CAPSUGEL FRANCE

SIRET

612 050 518 00036


Activity (APE)	Miscellaneous Manufacturing	Legal form	Simplified Joint Stock Company with Single Associate
Phone	03 89 20 57 30	RCS Registration	RCS Colmar 7 612 050 518
Fax	03 89 21 41 62	Share capital	1,280,000 Euros
Address	CAPSUGEL FRANCE 10 RUE TIMKEN 68000 COLMAR	Incorporated Date	01/1970
Nationality	France	Status	Economically active

Last published preferential right

This company is not under monitoring

	Ultimate Holding Company
	Company Name			Company number
	KOHLBERG KRAVIS ROBERTS & CO.			-

Current Directors

Trading to Date	11/30/2010	11/30/2008	11/30/2007
Turnover	99,666,745 €	93,860,333 €	90,350,603 €
Gross Operating Surplus	23,20 % Turnover	25,49 % Turnover	26,45 % Turnover
Net worth	106,090,583 €	84,090,793 €	70,509,735 €
Employees	250 to 499 employees	-	-

	Trends
	Profitability
	Liquidity
	Net worth

company details

Company details

Activity (APE)	Miscellaneous Manufacturing
RCS Registration	RCS Colmar 7 612 050 518	Share capital	1,280,000 Euros
Registration Court	Colmar (68)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	19 7 0B001	EU VAT Number	FR57612050518
Incorporation Date	01/1970	Formation Date	01/1970
Deregistration Date		Last account Date	30/11/2010
Nationality	France

Establishment details

Activity (APE)	Miscellaneous Manufacturing	Business Pages FT®	PRODUIT BASE PHARMACEUTIQUE FABRICATION VENTE
Postal Address	CAPSUGEL FRANCE 10 RUE TIMKEN 68000 COLMAR	Trading Address	10 RUE TIMKEN 68000 COLMAR
Telephone	03 89 20 57 30
Fax	03 89 21 41 62

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

Department	Haut-Rhin (68)	Region	Alsace
District	2	Area	98
City	COLMAR	Size of urban area

Other establishments

	Branches	3 branch entities in this company


	Head office	> CAPSUGEL FRANCE <<< - Autres activitEs manufacturiÃ¨res n.c.a. (3299Z) in COLMAR (68000)

	Secondary establishments	> CAPSUGEL FRANCE - Autres activitEs manufacturiÃ¨res n.c.a. (3299Z) in ILLKIRCH GRAFFENSTADEN (67400) > CAPSUGEL FRANCE - Autres activitEs manufacturiÃ¨res n.c.a. (3299Z) in LABEGE (31670)

	Regionality	Legal unit with all establishments in same area

	Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 80 to 99% of workforce

Workforces

Workforce at address

250 to 499 employees

Company workforce

250 to 499 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/11/2010	30/11/2008	30/11/2007
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	27/07/2011	-	-
Activity Code	3299Z	3299Z	3299Z
Employees	0	347	345

Active account

Annual Accounts	30/11/2010		30/11/2008		30/11/2007	Sector Median2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	40Â 474Â 462	39,2%	29Â 086Â 311	9,0%	26Â 684Â 433	20Â 922	193354,1%
- Intangible assets	2Â 341Â 844	3284,4%	69Â 196	-39,7%	114Â 842	482	485759,8%
- Tangible assets	37Â 268Â 934	31,7%	28Â 292Â 083	9,1%	25Â 924Â 426	8Â 835	421732,9%
- Financial assets	863Â 684	19,1%	725Â 028	12,4%	645Â 165	300	287794,7%
Net current assets	91Â 002Â 472	12,7%	80Â 765Â 961	13,5%	71Â 137Â 076	100Â 618	90343,5%
- Stocks	13Â 308Â 737	87,8%	7Â 087Â 234	45,0%	4Â 888Â 498	21Â 331	62291,5%
- Advanced payments	132Â 073	12,7%	19Â 112	-60,2%	48Â 019	0	0%
- Receivables	76Â 893Â 991	4,6%	73Â 515Â 348	11,4%	65Â 984Â 135	28Â 258	272014,1%
- Securities and cash	667Â 671	362,8%	144Â 264	-33,3%	216Â 422	14Â 593	4475,3%
- Prepaid expenses	-	-	-	-	-	143,50	-
Accounts of regularization	116Â 795	1428,7%	7Â 640	-92,9%	107Â 197	0	0%
Total Assets	131Â 593Â 733	19,8%	109Â 859Â 916	12,2%	97Â 928Â 707	141Â 352	92996,5%

Passive Account

Annual Accounts	30/11/2010		30/11/2008		30/11/2007	Sector Median2010
Shareholders' equity	106Â 090Â 583	26,2%	84Â 090Â 793	19,3%	70Â 509Â 735	34Â 449	307864,2%
Share capital	1Â 280Â 000	0%	1Â 280Â 000	0%	1Â 280Â 000	10Â 000	12700%
Other capital resources	0	0%	90Â 000	0%	90Â 000	0	0%
Risk Provisions	580Â 643	6,7%	544Â 359	-34,9%	835Â 883	0	0%
Liabilities	24Â 896Â 627	-0,6%	25Â 049Â 574	-5,4%	26Â 481Â 938	84Â 241	29454,0%
- Financial liabilities	4Â 838Â 045	41257,9%	11Â 698	-99,8%	7Â 455Â 052	16Â 395	29409,3%
- Advanced payments received	150Â 463	0%	0	0%	0	0	0%
- Trade account payables	12Â 222Â 047	12,1%	10Â 905Â 864	-11,3%	12Â 291Â 498	13Â 950	87513,2%
- Tax and social liabilities	6Â 630Â 776	-49,0%	12Â 991Â 375	148,2%	5Â 234Â 028	29Â 662	22254,4%
- Other debts and fixed assets liabilities	1Â 081Â 169	-11,8%	1Â 225Â 823	-19,0%	1Â 512Â 506	4Â 836	22256,7%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	131Â 593Â 733	19,8%	109Â 859Â 916	12,2%	97Â 928Â 707	141Â 351	92997,1%

Results

Annual Accounts	30/11/2010		30/11/2008		30/11/2007	Sector Median2010
Sales of Goods	101Â 898Â 697	5,0%	97Â 059Â 201	5,1%	92Â 363Â 962	174Â 862	58173,8%
Net turnover	99Â 666Â 745	6,2%	93Â 860Â 333	3,9%	90Â 350Â 603	173Â 024	57502,8%
- of which net export turnover	65Â 867Â 512	15,2%	57Â 157Â 445	0,9%	56Â 634Â 754	0	0%
Operating charges	84Â 290Â 830	7,6%	78Â 309Â 488	5,8%	74Â 016Â 276	169Â 102	49746,1%
Operating profit/loss	17Â 607Â 867	-6,1%	18Â 749Â 712	2,2%	18Â 347Â 685	3Â 728	472214,0%
Financial income	263Â 401	-87,1%	2Â 037Â 225	63,5%	1Â 246Â 104	04	6584925,0%
Financial charges	236Â 656	89,9%	124Â 649	-54,7%	275Â 272	694	34000,3%
Financial profit/loss	26Â 745	-98,6%	1Â 912Â 575	97,0%	970Â 833	-340	7966,2%
Pretax net operating income	17Â 634Â 612	-14,7%	20Â 662Â 288	7,0%	19Â 318Â 518	2Â 491	707833,0%
Extraordinary income	803Â 770	54,3%	520Â 861	45,2%	358Â 611	0	0%
Extraordinary charges	1Â 883Â 494	-12,2%	2Â 144Â 045	-20,2%	2Â 687Â 995	70	2690605,7%
Extraordinary profit/loss	-1Â 079Â 724	756,9%	-1Â 623Â 183	30,3%	-2Â 329Â 384	0	0%
Net result	10Â 662Â 732	-11,2%	12Â 001Â 622	12,0%	10Â 718Â 162	3Â 100	343859,1%

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		30/11/2010		30/11/2008		30/11/2007
	Months		12		12		12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		30/11/2010		30/11/2008		30/11/2007
Grand Total (I to VI)	Net	131Â 593Â 733	19,8%	109Â 859Â 916	12,2%	97Â 928Â 707
Gross	CO	183Â 590Â 941	18,0%	155Â 646Â 418	10,0%	141Â 447Â 471
Amortisation	1A	51Â 997Â 212	13,6%	45Â 786Â 502	5,2%	43Â 518Â 763

Non declared distributed capital (I)

		30/11/2010		30/11/2008		30/11/2007
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

		30/11/2010		30/11/2008		30/11/2007
Total Active fixed asset (II)	Net	40Â 474Â 462	39,2%	29Â 086Â 311	9,0%	26Â 684Â 433
Gross	BJ	90Â 694Â 984	23,7%	73Â 303Â 550	6,5%	68Â 835Â 715
Amortisation	BK	50Â 220Â 522	13,6%	44Â 217Â 239	4,9%	42Â 151Â 282

Intangilble fixed assets

			30/11/2010		30/11/2008		30/11/2007
	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	2Â 341Â 844	3284,4%	69Â 196	-39,7%	114Â 842
	Gross	AF	3Â 405Â 157	249,0%	975Â 744	2,8%	948Â 951
	Amortisation	AG	1Â 063Â 313	17,3%	906Â 548	8,7%	834Â 109
	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	2Â 341Â 844	3284,4%	69Â 196	-39,7%	114Â 842

Tangilble fixed assets

		30/11/2010		30/11/2008		30/11/2007
Lands	Net	366Â 662	7,8%	340Â 174	-3,2%	351Â 557
Gross	AN	523Â 430	10,8%	472Â 269	0,1%	471Â 873
Amortisation	AO	156Â 768	18,7%	132Â 095	9,8%	120Â 316
Buildings	Net	13Â 645Â 205	16,2%	11Â 740Â 069	8,5%	10Â 816Â 118
Gross	AP	22Â 962Â 704	17,7%	19Â 512Â 380	8,7%	17Â 951Â 040
Amortisation	AQ	9Â 317Â 499	19,9%	7Â 772Â 311	8,9%	7Â 134Â 922
Plant	Net	19Â 380Â 840	40,3%	13Â 811Â 873	31,0%	10Â 540Â 137
Gross	AR	56Â 976Â 447	21,1%	47Â 051Â 669	10,2%	42Â 704Â 959
Amortisation	AS	37Â 595Â 607	13,1%	33Â 239Â 796	3,3%	32Â 164Â 822
Other tangible fixed assets	Net	922Â 449	-6,1%	981Â 919	-12,8%	1Â 125Â 859
Gross	AT	3Â 009Â 784	-4,4%	3Â 148Â 408	4,1%	3Â 022Â 972
Amortisation	AU	2Â 087Â 335	-3,7%	2Â 166Â 489	14,2%	1Â 897Â 113
Fixed assets in construction	Net	2Â 953Â 778	110,3%	1Â 404Â 243	-53,2%	3Â 000Â 755
Gross	AV	2Â 953Â 778	110,3%	1Â 404Â 243	-53,2%	3Â 000Â 755
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	13Â 805	-84,7%	90Â 000
Gross	AX	0	0%	13Â 805	-84,7%	90Â 000
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	37Â 268Â 934		28Â 292Â 083		25Â 924Â 426

Financial assets

		30/11/2010		30/11/2008		30/11/2007
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	794Â 206	20,8%	657Â 198	10,8%	593Â 085
Gross	BF	794Â 206	0%	657Â 198	0%	593Â 085
Amortisation	BG	0		0		0
Other financial assets	Net	69Â 478	2,4%	67Â 830	30,2%	52Â 080
Gross	BH	69Â 478	2,4%	67Â 830	30,2%	52Â 080
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		863Â 684		725Â 028		645Â 165

Current Assets (III)

		30/11/2010		30/11/2008		30/11/2007
Total Assets	Net	91Â 002Â 472	12,7%	80Â 765Â 961	13,5%	71Â 137Â 076
Gross	CJ	92Â 779Â 162	12,7%	82Â 335Â 223	13,6%	72Â 504Â 555
Amortisation	CK	1Â 776Â 690	13,2%	1Â 569Â 262	14,8%	1Â 367Â 478

Stocks

		30/11/2010		30/11/2008		30/11/2007
Raw materials	Net	4Â 615Â 811	27,6%	3Â 618Â 817	28,1%	2Â 825Â 608
Gross	BL	4Â 893Â 657	23,3%	3Â 968Â 537	25,2%	3Â 169Â 587
Amortisation	BM	277Â 846	-20,6%	349Â 720	1,7%	343Â 979
Work in progress (goods)	Net	341Â 773	113,1%	160Â 381	-11,4%	181Â 072
Gross	BN	341Â 773	113,1%	160Â 381	-11,4%	181Â 072
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	7Â 961Â 413	180,1%	2Â 842Â 209	83,8%	1Â 546Â 129
Gross	BR	8Â 991Â 385	156,2%	3Â 509Â 689	55,7%	2Â 254Â 297
Amortisation	BS	1Â 029Â 972	54,3%	667Â 480	-5,7%	708Â 168
Goods for resale	Net	389Â 740	-16,3%	465Â 827	38,8%	335Â 689
Gross	BT	389Â 740	-16,3%	465Â 827	38,8%	335Â 689
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	13Â 308Â 737	87,8%	7Â 087Â 234	45,0%	4Â 888Â 498

Advance payments to suppliers

		30/11/2010		30/11/2008		30/11/2007
Advance payments to suppliers	Net	132Â 073	591,0%	19Â 112	-60,2%	48Â 019
Gross	BV	132Â 073	591,0%	19Â 112	-60,2%	48Â 019
Amortisation	BW	0	0%	0	0%	0

Debtors

		30/11/2010		30/11/2008		30/11/2007
Trade accounts receivable	Net	26Â 092Â 088	12,0%	23Â 287Â 344	0,3%	23Â 222Â 605
Gross	BX	26Â 560Â 960	11,4%	23Â 839Â 406	1,3%	23Â 537Â 936
Amortisation	BY	468Â 872	-15,1%	552Â 062	75,1%	315Â 331
Other debtors	Net	50Â 411Â 851	1,1%	49Â 838Â 846	17,6%	42Â 377Â 134
Gross	BZ	50Â 411Â 851	1,1%	49Â 838Â 846	17,6%	42Â 377Â 134
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	76Â 503Â 939	4,6%	73Â 126Â 190	11,5%	65Â 599Â 739

Divers

		30/11/2010		30/11/2008		30/11/2007
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	667Â 671	362,8%	144Â 264	-33,3%	216Â 422
Gross	CF	667Â 671	362,8%	144Â 264	-33,3%	216Â 422
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	667Â 671	362,8%	144Â 264	-33,3%	216Â 422

Prepaid expenses

		30/11/2010		30/11/2008		30/11/2007
Prepaid expenses	Net	390Â 052	0,2%	389Â 158	1,2%	384Â 396
Gross	CH	390Â 052	0,2%	389Â 158	1,2%	384Â 396
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/11/2010		30/11/2008		30/11/2007
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	-	-	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	-	-	-	-
Currency differential gain	CN3	116Â 795	1428,7%	7Â 640	-92,9%	107Â 197
Gross		116Â 795	-	-	-	-

References

		30/11/2010		30/11/2008		30/11/2007
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

			30/11/2010		30/11/2008		30/11/2007
	Grand Total (I to V)	EE	131Â 593Â 733	19,8%	109Â 859Â 916	12,2%	97Â 928Â 707

Shareholder Equity (I)

		30/11/2010		30/11/2008		30/11/2007
Total shareholders' equity (Total I)	DL	106Â 090Â 583	26,2%	84Â 090Â 793	19,3%	70Â 509Â 735
Equity and shareholders' equity	DA	1Â 280Â 000	0%	1Â 280Â 000	0%	1Â 280Â 000
Issue and merger premiums	DB	0	0%	0	0%	0
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	128Â 000	0%	128Â 000	0%	128Â 000
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	14Â 080	0%	14Â 080	0%	14Â 080
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	84Â 576Â 227	33,3%	63Â 457Â 156	20,3%	52Â 738Â 994
Profit or loss for the period	DI	10Â 662Â 732	-11,2%	12Â 001Â 622	12,0%	10Â 718Â 162
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	9Â 429Â 544	30,8%	7Â 209Â 933	28,1%	5Â 630Â 498

Other capital resources (II)

		30/11/2010		30/11/2008		30/11/2007
Total other capital resources (Total II)	DO	0	0%	90Â 000	0%	90Â 000
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	0	0%	90Â 000	0%	90Â 000

Provisions for risks and charges (III)

		30/11/2010		30/11/2008		30/11/2007
Total provisions for risks and charges (Total III)	DR	580Â 643	6,7%	544Â 359	-34,9%	835Â 883
Risk provisions	DP	425Â 639	938,9%	40Â 972	-83,7%	251Â 720
Reserves for charges	DQ	155Â 004	-69,2%	503Â 387	-13,8%	584Â 163

Liabilities (IV)

		30/11/2010		30/11/2008		30/11/2007
Total Liabilities (Total IV)	EC	24Â 896Â 627	-0,6%	25Â 049Â 574	-5,4%	26Â 481Â 938
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	0	0%	11Â 698	-98,5%	792Â 060
Sundry loans and financial liabilities	DV	4Â 838Â 045	0%	0	0%	6Â 662Â 992
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	150Â 463	0%	0	0%	0
Trade accounts payables	DX	12Â 222Â 047	12,1%	10Â 905Â 864	-11,3%	12Â 291Â 498
Tax and social security liabilities	DY	6Â 630Â 776	-49,0%	12Â 991Â 375	148,2%	5Â 234Â 028
Fixed asset liabilities	DZ	553Â 802	79,1%	309Â 221	-45,5%	567Â 085
Other debts	EA	501Â 494	-39,7%	831Â 414	-11,0%	934Â 272

Translation loss (V)

			30/11/2010		30/11/2008		30/11/2007
	Translation loss (Total V)	ED	25Â 873	-69,6%	85Â 188	664,1%	11Â 149

Equalization accounts

			30/11/2010		30/11/2008		30/11/2007
	Deferred income	EB	0	0%	0	0%	0

References

		30/11/2010		30/11/2008		30/11/2007
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	25Â 049Â 573	-5,4%	26Â 481Â 938
Of which current bank facilities	EH	0	0%	11Â 698	-98,5%	792Â 060

Display parameter
Currency	Euro	Kilo Euro

			30/11/2010		30/11/2008		30/11/2007
	Operating result (Total I-II)	GG	17Â 607Â 867	-6,1%	18Â 749Â 712	2,2%	18Â 347Â 685

2 - Financial result (V - VI)

			30/11/2010		30/11/2008		30/11/2007
	Financial result (Total V-VI)	GV	26Â 745	-98,6%	1Â 912Â 575	97,0%	970Â 833

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

			30/11/2010		30/11/2008		30/11/2007
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	17Â 634Â 612	-14,7%	20Â 662Â 288	7,0%	19Â 318Â 518

4 - Extraordinary result (VII-VIII)

			30/11/2010		30/11/2008		30/11/2007
	Extraordinary result (Total VII-VIII)	HI	-1Â 079Â 724	33,5%	-1Â 623Â 183	30,3%	-2Â 329Â 384

Profit or loss

			30/11/2010		30/11/2008		30/11/2007
	Profit or loss	HN	10Â 662Â 732	-11,2%	12Â 001Â 622	12,0%	10Â 718Â 162

Total Income (I+III+V+VII)

			30/11/2010		30/11/2008		30/11/2007
	Total Income (I+III+V+VII)	HL	102Â 965Â 868	3,4%	99Â 617Â 288	6,0%	93Â 968Â 677

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

			30/11/2010		30/11/2008		30/11/2007
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	92Â 303Â 131	5,4%	87Â 615Â 666	5,2%	83Â 250Â 514

Operating income (I)

			30/11/2010		30/11/2008		30/11/2007
	Total operating income (Total I)	FR	101Â 898Â 697	5,0%	97Â 059Â 201	5,1%	92Â 363Â 962

Operating income (details)

		30/11/2010		30/11/2008		30/11/2007
Sale of goods for resale	FC	23Â 971Â 508	4,5%	22Â 944Â 095	22,2%	18Â 768Â 221
France	FA	6Â 218Â 542	-21,0%	7Â 869Â 740	20,5%	6Â 531Â 977
Export	FB	17Â 752Â 966	17,8%	15Â 074Â 355	23,2%	12Â 236Â 244
Sale of goods produced	FF	64Â 019Â 950	8,2%	59Â 164Â 121	-0,2%	59Â 275Â 454
France	FD	26Â 636Â 713	-4,5%	27Â 896Â 398	6,0%	26Â 315Â 044
Export	FE	37Â 383Â 237	19,6%	31Â 267Â 723	-5,1%	32Â 960Â 410
Sale of services	FI	11Â 675Â 287	-0,7%	11Â 752Â 115	-4,5%	12Â 306Â 928
France	FG	943Â 978	0,8%	936Â 748	7,8%	868Â 828
Export	FH	10Â 731Â 309	-0,8%	10Â 815Â 367	-5,4%	11Â 438Â 100
Net turnover	FL	99Â 666Â 745	6,2%	93Â 860Â 333	3,9%	90Â 350Â 603
France	FJ	33Â 799Â 233	-7,9%	36Â 702Â 886	8,9%	33Â 715Â 849
Export	FK	65Â 867Â 512	15,2%	57Â 157Â 445	0,9%	56Â 634Â 754
Stocked production	FM	-182Â 100	-114,6%	1Â 247Â 944	1192,3%	-114Â 244
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	91Â 083	-16,9%	109Â 584	-1,4%	111Â 134
Release of reserves and provisions	FP	2Â 308Â 055	25,4%	1Â 840Â 786	-8,6%	2Â 013Â 810
Other income	FQ	14Â 914	2601,8%	552	-79,2%	2Â 658

Operating charges (II)

			30/11/2010		30/11/2008		30/11/2007
	Total operating charges (Total II)	GF	84Â 290Â 830	7,6%	78Â 309Â 488	5,8%	74Â 016Â 276

Exploitation charges

		30/11/2010		30/11/2008		30/11/2007
Purchase of goods for resale	FS	18Â 574Â 447	15,6%	16Â 071Â 632	13,1%	14Â 205Â 540
Change in stocks of goods for resale	FT	14Â 749	108,5%	-174Â 348	-281,0%	96Â 336
Purchase of raw materials	FU	15Â 354Â 142	11,4%	13Â 786Â 559	13,6%	12Â 140Â 265
Change in stocks of raw materials	FV	-993Â 738	-34,0%	-741Â 497	-193,3%	794Â 916
Other external purchases and charges	FW	17Â 444Â 732	2,9%	16Â 951Â 909	14,5%	14Â 800Â 248
Tax, duty and similar payments	FX	2Â 188Â 030	-20,7%	2Â 758Â 537	-2,0%	2Â 816Â 082
Payroll	FY	16Â 614Â 148	6,4%	15Â 611Â 635	4,3%	14Â 962Â 097
Social security costs	FZ	7Â 258Â 382	3,2%	7Â 030Â 125	5,9%	6Â 638Â 696

Depreciation

		30/11/2010		30/11/2008		30/11/2007
Depreciation of fixed assets	GA	3Â 538Â 927	12,8%	3Â 137Â 889	7,5%	2Â 917Â 813
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	1Â 423Â 764	11,2%	1Â 280Â 901	15,1%	1Â 112Â 723
Provisions for risks and charges	GD	435Â 848	-18,8%	536Â 715	-28,8%	754Â 207

Other charges

			30/11/2010		30/11/2008		30/11/2007
	Other charges	GE	2Â 437Â 399	18,4%	2Â 059Â 427	-25,8%	2Â 777Â 348

Operating charges (III-IV)

		30/11/2010		30/11/2008		30/11/2007
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)

		30/11/2010		30/11/2008		30/11/2007
Total financial income (Total V)	GP	263Â 401	-87,1%	2Â 037Â 225	63,5%	1Â 246Â 104
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	147Â 700	-92,1%	1Â 863Â 740	60,6%	1Â 160Â 494
Released provisions and transferred charges	GM	9Â 534	-91,1%	107Â 197	31,8%	81Â 351
Exchange gains	GN	106Â 167	60,2%	66Â 287	1456,4%	4Â 259
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		30/11/2010		30/11/2008		30/11/2007
Total financial charge (Total VI)	GU	236Â 656	89,9%	124Â 649	-54,7%	275Â 272
Financial reserves and provisions	GQ	116Â 795	1428,1%	7Â 643	-92,9%	107Â 197
Interest and similar charges	GR	-88	-115,1%	583	-66,8%	1Â 755
Exchange losses	GS	119Â 949	3,0%	116Â 422	-30,0%	166Â 320
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

		30/11/2010		30/11/2008		30/11/2007
Total extraordinary income (Total VII)	HD	803Â 770	54,3%	520Â 861	45,2%	358Â 611
Extraordinary operating income	HA	0	0%	26Â 829	0%	0
Extraordinary income from capital transactions	HB	97Â 434	1278,3%	7Â 069	-94,5%	127Â 556
Released provisions and transferred charges	HC	706Â 336	45,0%	486Â 962	110,8%	231Â 054

Extraordinary charges (VIII)

		30/11/2010		30/11/2008		30/11/2007
Total extraordinary charges (Total VIII)	HH	1Â 883Â 494	-12,2%	2Â 144Â 045	-20,2%	2Â 687Â 995
Extraordinary operating charges	HE	161	-98,1%	8Â 551	0%	0
Extraordinary charges from capital transactions	HF	63Â 111	-8,7%	69Â 095	-51,5%	142Â 587
Extraordinary reserves and provisions	HG	1Â 820Â 222	-11,9%	2Â 066Â 398	-18,8%	2Â 545Â 408

Employee profit sharing (IX)

			30/11/2010		30/11/2008		30/11/2007
	Employee profit sharing (Total IX)	HJ	1Â 086Â 854	-20,2%	1Â 361Â 992	9,2%	1Â 247Â 790

Tax on profits (X)

			30/11/2010		30/11/2008		30/11/2007
	Tax on profits (Total X)	HK	4Â 805Â 297	-15,3%	5Â 675Â 490	13,0%	5Â 023Â 181

References

		30/11/2010		30/11/2008		30/11/2007
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	32Â 983	-31,9%	48Â 459
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%	2Â 045Â 942	-21,7%	2Â 612Â 915

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)

		30/11/2010		30/11/2008		30/11/2007
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	0	0%	0	0%	0

Research and development Charge (Total I)

		30/11/2010		30/11/2008		30/11/2007
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)

		30/11/2010		30/11/2008		30/11/2007
Gross value at begin of period	KD	0	0%	0	0%	0
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	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	0	0%	0	0%	0

Tangible fixed assets (Total III)

		30/11/2010		30/11/2008		30/11/2007
Gross value at begin of period	LN	0	0%	0	0%	0
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	0	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	0	0%	0	0%	0

Fiancial assets (Total IV)

		30/11/2010		30/11/2008		30/11/2007
Gross value at begin of period	LQ	0	0%	0	0%	0
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	0	0%	0	0%	0

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

			30/11/2010		30/11/2008		30/11/2007
	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)

			30/11/2010		30/11/2008		30/11/2007
	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)

			30/11/2010		30/11/2008		30/11/2007
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	0
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0	0%	0

Total fixed assets amotisation (Total III)

			30/11/2010		30/11/2008		30/11/2007
	Reserve for depreciation value at begin of period	QU	0	0%	0	0%	0
Increases		QV	0	0%	0	0%	0
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	0	0%	0	0%	0

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

			30/11/2010		30/11/2008		30/11/2007
	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

			30/11/2010		30/11/2008		30/11/2007
	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)

			30/11/2010		30/11/2008		30/11/2007
	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%
Financial	UG	0%	0%
Exceptional	UJ	0%	0%

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			30/11/2010		30/11/2008		30/11/2007
	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)

			30/11/2010		30/11/2008		30/11/2007
	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)

			30/11/2010		30/11/2008		30/11/2007
	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

		30/11/2010		30/11/2008		30/11/2007
Gross value	VT	0	0%	0	0%	0
1 year at most	VU	0	0%	0	0%	0
More than one year	VV	0	0%	0	0%	0

State of loans

		30/11/2010		30/11/2008		30/11/2007
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	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		30/11/2010		30/11/2008		30/11/2007
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	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	0	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	0	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	0	0%	0	0%	0

Prepaid

			30/11/2010		30/11/2008		30/11/2007
	Prepaid	VS	0	0%	0	0%	0

State Debt

			30/11/2010		30/11/2008		30/11/2007
	Total debt (gross)	VY	0	0%	0	0%	0
1 year at most		VZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			30/11/2010		30/11/2008		30/11/2007
	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%	0	0%	0
1 year at most		VG2	0	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	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	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	0	0%	0	0%	0
1 year at most		8B2	0	0%	0	0%	0
More than 1 year and 5 years at most		8B3	0	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	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	0	0%	0	0%	0
1 year at most		8D2	0	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	0	0%	0	0%	0
1 year at most		VW2	0	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	0	0%	0	0%	0
1 year at most		VQ2	0	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	0	0%	0	0%	0
1 year at most		VI2	0	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	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

		30/11/2010		30/11/2008		30/11/2007
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

			30/11/2010		30/11/2008		30/11/2007
	Dividends	ZE	0	0%	0	0%	0

Commitments

		30/11/2010		30/11/2008		30/11/2007
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

		30/11/2010		30/11/2008		30/11/2007
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

		30/11/2010		30/11/2008		30/11/2007
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

		30/11/2010		30/11/2008		30/11/2007
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

			30/11/2010		30/11/2008		30/11/2007
	Average number of employees	YP	0	0%	347	0,6%	345

Groups and Shareholders

			30/11/2010		30/11/2008		30/11/2007
	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

	30/11/2010		30/11/2008		30/11/2007	Sector Median2010
Fixed Asset Financing	1,78	1,1%	1,76	0,6%	1,75	1,79	-0,6%
Global Debt	90 days	-6,2%	96 days	-9,4%	106 days	141 days	-36,2%
Working Capital Fund overall net	257 days	20,7%	213 days	3,9%	205 days	79 days	225,3%
Financial independence	%	-	718847,61%	7975,1%	8902,07%	240,98%	-

Solvability	80,62%	5,2%	76,63%	6,3%	72,09%	34,43%	134,2%
Capacity debt futures	%	-	%	-	%	1141,19%	-
Coverage of current assets by net working capital overall	76,89%	13,2%	67,90%	-4,8%	71,29%	45,73%	68,1%
General Liquidity		-		-		0,49	-
Restricted Liquidity		-		-		1,02	-

Management or rotation

	30/11/2010		30/11/2008		30/11/2007	Sector Median2010
Need background in operating working capital	252 days	18,9%	212 days	3,4%	205 days	30 days	740,0%
Treasury	2 days	100%	1 days	150,0%	-2 days	5 days	-60,0%
Inventory turnover of goods	8 days	-27,3%	11 days	37,5%	8 days	115,50 days	-93,1%
Average length of credit granted to customers	96 days	5,5%	91 days	-3,2%	94 days	38 days	152,6%
Average length of credit obtained suppliers	87 days	1,2%	86 days	-18,1%	105 days	52,50 days	65,7%

Inventory turnover of raw materials in industrial enterprises	53 days	6,0%	50 days	6,4%	47 days	76 days	-30,3%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	536 days	-
Rotation tangible assets	%	-	%	-	%	548,22%	-

Profitability of the business

	30/11/2010		30/11/2008		30/11/2007	Sector Median2010
Margin trading	5,40%	-28,1%	7,51%	52,0%	4,94	0,69%	682,6%
Profitability of the business	23,20	-9,0%	25,49	-3,6%	26,45	4,23%	448,5%
Net profit	10,70%	-16,3%	12,79%	7,8%	11,86%	1,69%	533,1%

Growth rate of turnover (excluding VAT)	0%	0%	3,88%	-42,1%	6,70%	0,53%	0%
Rates integration	49,25%	-6,1%	52,43%	-1,7%	53,35%	35,07%	40,4%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	48,63%	5,7%	46,01%	2,7%	44,82%	75,09%	-35,2%
Weight interests	0,24	84,6%	0,13%	-56,7%	0,30%	0,32%	-25,0%

Return on capital

	30/11/2010		30/11/2008		30/11/2007	Sector Median2010
Cash flow from the overall profitability	16,16%	-12,2%	18,41%	2,1%	18,04%	3,95%	309,1%
Rates of economic profitability	21%	-25,0%	28%	-9,7%	31%	12,67%	65,7%
Financial profitability	106090583%	26,0%	84180793%	19,2%	70599735%	7417%	1430270,5%
Return on investment	9,83%	-31,7%	14,40%	2,3%	14,08%	8,79%	11,8%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes IntermEdiaires de Gestion

30/11/2010		30/11/2008		30/11/2007	Sector Median2010
Turnover	99Â 666Â 745	6,2%	93Â 860Â 333	3,9%	90Â 350Â 603	173Â 024 €	57502,8%

Sales of goods	23Â 971Â 508	4,5%	22Â 944Â 095	22,2%	18Â 768Â 221
- Purchase of goods	18Â 574Â 447	15,6%	16Â 071Â 632	13,1%	14Â 205Â 540
+/- Stock of goods variation	14Â 749	108,5%	-174Â 348	-281,0%	96Â 336
Trading margin	5Â 382Â 312 €	-23,6%	7Â 046Â 811 €	57,8%	4Â 466Â 345 €	262 €	2054217,6%
	5,40 % CA	-28,1%	7,51 % CA	52,0%	4,94 % CA	5,95 % CA	-9,2%

Sale of goods produced	75Â 695Â 237	6,7%	70Â 916Â 236	-0,9%	71Â 582Â 382
+/- Stocked production	-182Â 100	-114,6%	1Â 247Â 944	1192,3%	-114Â 244
+ Self-constructed assets	0	0%	0	0%	0
Period production	75Â 513Â 137 €	4,6%	72Â 164Â 180 €	1,0%	71Â 468Â 138 €	82Â 508 €	91422,2%
	75,77 % CA	-1,4%	76,88 % CA	-2,8%	79,10 % CA	98,13 % CA	-22,8%

Trading margin	5Â 382Â 312	-23,6%	7Â 046Â 811	57,8%	4Â 466Â 345	262	2054217,6%
+ Period Production	75Â 513Â 137	4,6%	72Â 164Â 180	1,0%	71Â 468Â 138	82Â 508	91422,2%
- Purchase of raw materials	15Â 354Â 142	11,4%	13Â 786Â 559	13,6%	12Â 140Â 265
+/- Change in stocks of raw materiels	-993Â 738	-34,0%	-741Â 497	-193,3%	794Â 916
- Other external purchases and charges	17Â 444Â 732	2,9%	16Â 951Â 909	14,5%	14Â 800Â 248
Added value	49Â 090Â 313 €	-0,3%	49Â 214Â 020 €	2,1%	48Â 199Â 054 €	62Â 691 €	78205,2%
	49,25 % CA	-6,1%	52,43 % CA	-1,7%	53,35 % CA	35,07 % CA	40,4%

Added value	49Â 090Â 313 €	-0,3%	49Â 214Â 020 €	2,1%	48Â 199Â 054 €	62Â 691 €	78205,2%
+ Operating grants	91Â 083	-16,9%	109Â 584	-1,4%	111Â 134
- Tax, duty and similar payments	2Â 188Â 030	-20,7%	2Â 758Â 537	-2,0%	2Â 816Â 082
- Personal charges	23Â 872Â 530	5,4%	22Â 641Â 760	4,8%	21Â 600Â 793
Gross operating surplus	23Â 120Â 836 €	-3,4%	23Â 923Â 307 €	0,1%	23Â 893Â 313 €	7Â 518 €	307439,7%
	23,20 % CA	-9,0%	25,49 % CA	-3,6%	26,45 % CA	4,23 % CA	448,5%

Gross operating surplus	23Â 120Â 836 €	-3,4%	23Â 923Â 307 €	0,1%	23Â 893Â 313 €	7Â 518 €	307439,7%
+ Release of reserves and provisions	2Â 308Â 055	25,4%	1Â 840Â 786	-8,6%	2Â 013Â 810
+ Other operating income	14Â 914	2601,8%	552	-79,2%	2Â 658
- Depreciation/Amortisation	5Â 398Â 539	8,9%	4Â 955Â 505	3,6%	4Â 784Â 743
- Other charges	2Â 437Â 399	18,4%	2Â 059Â 427	-25,8%	2Â 777Â 348
Operating result	17Â 607Â 867 €	-6,1%	18Â 749Â 713 €	2,2%	18Â 347Â 690 €	3Â 512 €	501263,0%
	17,67 % CA	-11,6%	19,98 % CA	-1,6%	20,31 % CA	2,21 % CA	699,5%

Operating result	17Â 607Â 867 €	-6,1%	18Â 749Â 713 €	2,2%	18Â 347Â 690 €	3Â 512 €	501263,0%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	263Â 401	-87,1%	2Â 037Â 225	63,5%	1Â 246Â 104
- Financial charges	236Â 656	89,9%	124Â 649	-54,7%	275Â 272
Pre-tax result	17Â 634Â 612 €	-14,7%	20Â 662Â 289 €	7,0%	19Â 318Â 522 €	2Â 471 €	713563,0%
	17,69 % CA	-19,6%	22,01 % CA	2,9%	21,38 % CA	1,60 % CA	1005,6%

Extraordinary income	803Â 770	54,3%	520Â 861	45,2%	358Â 611	0	0%
- Extraordinary charges	1Â 883Â 494	-12,2%	2Â 144Â 045	-20,2%	2Â 687Â 995
Extraordinary result	-1Â 079Â 724 €	33,5%	-1Â 623Â 184 €	30,3%	-2Â 329Â 384 €	0 €	0%
	-1,08 % CA	37,6%	-1,73 % CA	32,9%	-3 % CA	0 % CA	0%

Pre-tax result	17Â 634Â 612 €	-14,7%	20Â 662Â 289 €	7,0%	19Â 318Â 522 €	2Â 471 €	713563,0%
Extraordinary result	-1Â 079Â 724 €	33,5%	-1Â 623Â 184 €	30,3%	-2Â 329Â 384 €	0 €	0%
- Employee profit sharing	1Â 086Â 854	-20,2%	1Â 361Â 992	9,2%	1Â 247Â 790
- Tax on profits	4Â 805Â 297	-15,3%	5Â 675Â 490	13,0%	5Â 023Â 181
Net result	10Â 662Â 737 €	-11,2%	12Â 001Â 623 €	12,0%	10Â 718Â 167 €	3Â 089 €	345084,1%
	10,70 % CA	-16,3%	12,79 % CA	7,8%	11,86 % CA	1,66 % CA	544,6%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

Ultimate parent company	KOHLBERG KRAVIS ROBERTS & CO.
Direct parent	KOHLBERG KRAVIS ROBERTS & CO. - Majoritaire
Group â€“ Number of companies	12
Linkages â€“ Number of companies	176
Number of countries	24

Raison sociale	SIREN	Parts	Score	Limite	Derniers comptes publiEs
KOHLBERG KRAVIS ROBERTS & CO.	-	-	-	-	-
CAPSUGEL FRANCE	612050518	Majoritaire	100	2 000 000 â‚¬	30/11/2010
TOYS R US	107915	Majoritaire	No Rating	-	28/01/2012
TOYS R US	345404156	Majoritaire	99	2 000 000 â‚¬	29/01/2011
TOYS'R'US FRANCE REAL ESTATE SAS	483769212	Majoritaire	100	350 000 â‚¬	29/01/2011
FAO SCHWARZ	-	Majoritaire	-	-	-
BABIES R'US	-	Majoritaire	-	-	-
SOCIETE INVESTISSE FAMILIALE	350791695	50%	100	150 000 â‚¬	31/12/2010
AB ACQUISITIONS LIMITED	06166762	Min de blocage	83	11 500 000 Â£	31/03/2011
PETS AT HOME LTD	01822577	Majoritaire	92	3 950 000 Â£	31/03/2011
BMG RIGHTS MANAGEMENT (FRANCE) SARL	508353299	51%	23	35 000 â‚¬	31/12/2010
IPREO HOLDINGS LLC	-	Majoritaire	-	-	-

Linkages

Ultimate parent company	KOHLBERG KRAVIS ROBERTS & CO.
Direct parent	KOHLBERG KRAVIS ROBERTS & CO. - Majoritaire
Group â€“ Number of companies	12
Linkages â€“ Number of companies	176
Number of countries	24

	SIREN	Dernier bilan	Score	Limite	CA
BOOTS UK LIMITED	00928555	31/03/2011	96	15 000 000 Â£	6 372 000 000 Â£
BOOTS PROPERTIES LIMITED	00231661	31/03/2011	96	160 000 Â£	19 600 000 Â£
ALLIANCE BOOTS HOLDINGS LIMITED	04452715	31/03/2011	69	15 000 000 Â£	0 Â£
E. MOSS, LIMITED	00286222	31/03/2011	76	12 450 000 Â£	4 300 000 Â£
THE BOOTS COMPANY PLC	00027657	31/03/2011	95	5 400 000 Â£	674 000 000 Â£
BOOTS HOLDINGS (INTERNATIONAL RETAIL) LI...	04404156	31/03/2011	No Rating	-	0 Â£
ALLIANCE BOOTS HOLDINGS 1 LIMITED	02517178	31/03/2011	92	15 000 000 Â£	0 Â£
BOOTS INTERNATIONAL LIMITED	04034358	31/03/2011	95	275 000 Â£	34 160 000 Â£
ALLIANCE HEALTHCARE (DISTRIBUTION) LIMIT...	03446039	31/03/2011	94	12 400 000 Â£	2 395 000 000 Â£
ALLIANCE UNICHEM SPAIN LIMITED	05302689	31/03/2011	76	2 500 000 Â£	0 Â£
ALLOGA S.A.	B74488	31/12/2005	No Rating	-	-
AB ACQUISITIONS (IRELAND) 2 LIMITED	IE470754	31/03/2011	78	3 900 000 â‚¬	0 â‚¬
AB ACQUISITIONS (IRELAND) LIMITED	IE465432	31/03/2011	90	280 000 â‚¬	0 â‚¬
BOOTS CENTRE FOR INNOVATION LIMITED	06034979	31/03/2011	36	5 000 Â£	74 000 Â£
AB ACQUISITIONS UK HOLDCO 3 LIMITED	06849845	31/03/2011	88	495 000 Â£	0 Â£
BOOTS OPTICIANS PROFESSIONAL SERVICES LI...	06779221	31/03/2011	96	1 900 000 Â£	235 543 000 Â£
BEACHCOURSE LIMITED	03346105	31/03/2011	96	190 000 Â£	23 297 000 Â£
OTC DIRECT LIMITED	03118885	31/03/2011	96	1 350 000 Â£	175 500 000 Â£
UNIDRUG DISTRIBUTION GROUP LIMITED	03169255	30/09/2010	93	5 400 000 Â£	873 380 000 Â£
BOOTS PROPCO C LIMITED	06358141	31/03/2011	79	100 000 Â£	0 Â£
NOTTINGHAMSHIRE SPORTS PROPERTIES LIMITE...	04597953	30/09/2010	No Rating	-	0 Â£
BOOTS MANAGEMENT SERVICES LIMITED	07073438	31/03/2011	96	2 000 000 Â£	816 300 000 Â£
TOYS "R" US HOLDINGS LIMITED	01826057	29/01/2011	94	1 000 000 Â£	509 855 000 Â£
ALLIANCE UNICHEM INVESTMENTS 3 LIMITED	00604978	31/03/2011	No Rating	-	0 Â£
BOOTS PROPCO B LIMITED	06358130	31/03/2011	79	100 000 Â£	0 Â£
BOOTS PROPCO A LIMITED	06358128	31/03/2011	79	100 000 Â£	0 Â£
ALLIANCE BOOTS MANAGEMENT SERVICES LIMIT...	07073433	31/03/2011	96	290 000 Â£	50 092 000 Â£
BOOTS PROPCO BEESTON LIMITED	06358154	31/03/2011	79	100 000 Â£	0 Â£
BOOTS PENSIONS LIMITED	00301140	31/03/2011	91	25 000 Â£	0 Â£
TOYS "R" US LIMITED	01809223	29/01/2011	84	3 600 000 Â£	509 855 000 Â£
TOYS "R" US PROPERTIES LIMITED.	01809224	29/01/2011	94	1 050 000 Â£	0 Â£
AB ACQUISITIONS UK TOPCO LIMITED	06166727	31/03/2011	54	50 000 Â£	0 Â£
AB ACQUISITIONS UK HOLDCO 1 LIMITED	06166738	31/03/2011	78	4 000 000 Â£	0 Â£
ALLIANCE BOOTS LIMITED	06166753	31/03/2011	91	700 000 Â£	0 Â£
BOOTS PROPCO RETAIL FLEX LIMITED	06358129	31/03/2011	79	100 000 Â£	0 Â£
ALLIANCE BOOTS GROUP LIMITED	00546864	31/03/2011	92	15 000 000 Â£	0 Â£
ALLIANCE BOOTS TREASURY LIMITED	04591735	31/03/2011	84	530 000 Â£	-
ALLIANCE BMP LIMITED	06056032	31/03/2011	92	140 000 Â£	0 Â£
BOOTS PROPERTY HOLDCO LIMITED	06358746	31/03/2011	79	100 000 Â£	0 Â£
ALLIANCE UNICHEM OVERSEAS HOLDINGS	02548412	31/03/2011	79	100 000 Â£	0 Â£
ALMUS PHARMACEUTICALS LIMITED	05037422	31/03/2011	92	75 000 Â£	2 444 000 Â£
ALLIANCE BOOTS INVESTMENTS 1 LIMITED	00668238	31/03/2011	48	60 000 Â£	0 Â£
BOOTS PROPCO LIMITED	06362296	31/03/2011	79	100 000 Â£	0 Â£
BOOTS PROPCO FLEX LIMITED	06362293	31/03/2011	79	100 000 Â£	0 Â£
BOOTS OPTICAL INVESTMENT HOLDINGS LIMITE...	06790346	31/03/2011	89	1 000 Â£	0 Â£
ALLIANCE BOOTS INVESTMENTS 2 LIMITED	00292165	31/03/2011	No Rating	-	0 Â£
ALLIANCE UNICHEM PWS JV LIMITED	01961766	31/03/2011	No Rating	-	0 Â£
BCM EMPLOYMENT & MANAGEMENT SERVICES LIM...	07074956	31/03/2011	96	250 000 Â£	29 055 000 Â£
CENTREPHARM LIMITED	01347809	31/03/2011	No Rating	-	1 179 514 Â£
ALLIANCE BOOTS DORMANTS LIMITED	02067006	31/03/2011	71	1 000 Â£	0 Â£
IOCA LIMITED	IE298062	31/12/2000	No Rating	-	0 â‚¬
BOOTS INTERNATIONAL MANAGEMENT SERVICES ...	07136280	31/03/2011	83	25 000 Â£	3 591 000 Â£
CENTRAL HOMECARE LIMITED	02945457	31/03/2011	96	140 000 Â£	63 226 000 Â£
BOOTS RETAIL (IRELAND) LIMITED	IE363449	31/03/2011	96	2 150 000 â‚¬	267 214 000 â‚¬
W.H.C.P. (DUNDEE) LIMITED	SC063705	31/03/2011	92	25 000 Â£	1 832 905 Â£
BECCLES H.C.C. LIMITED	01668726	30/09/2011	94	25 000 Â£	-
UNICHEM (WAREHOUSING) LIMITED	01139940	31/03/2011	No Rating	-	284 481 Â£
EBBW VALE CONSORTIUM LIMITED	01338409	30/11/2010	92	25 000 Â£	-
BLYTH PHARMACY LIMITED	02016802	31/03/2011	87	59 000 Â£	2 224 635 Â£
EASTERHOUSE HEALTH CENTRE PHARMACY LIMIT...	SC081595	31/03/2011	94	26 000 Â£	1 239 538 Â£
MEADOWBANK HEALTH CENTRE PHARMACY LIMITE...	SC128178	31/10/2010	82	25 000 Â£	-
ALLIANCE HEALTHCARE (IT SERVICES) LIMITE...	03946622	31/03/2011	96	56 000 Â£	11 299 776 Â£
BOOTS DEVELOPMENT PROPERTIES LIMITED	00026373	31/03/2011	No Rating	-	-
W.W. MANAGEMENT LIMITED	00047277	31/03/2011	No Rating	-	-
BOOTS OPTICIANS LIMITED	00302441	31/03/2011	No Rating	-	-
C.L.(BASINGSTOKE)LIMITED	00409251	31/03/2011	No Rating	-	-
LINTHORNS LIMITED	00429103	31/03/2011	No Rating	-	-
BOOTS DENTALCARE LIMITED	00463261	31/03/2011	No Rating	-	-
ALLIANCE BOOTS (NOMINEES) LIMITED	00555964	31/03/2011	No Rating	-	-
WAVEMILL LIMITED	01090420	31/03/2011	No Rating	-	-
LIMEFAST LIMITED	01359890	31/03/2011	No Rating	-	-
HENDERSON PHARMACY LIMITED	01390581	31/03/2011	No Rating	-	-
TOYS "R" US FINANCIAL SERVICES LIMITED	01861149	29/01/2011	No Rating	-	0 Â£
TRUTOYS (UK) LIMITED	01893886	29/01/2011	No Rating	-	-
BELLPHARM LIMITED	02057076	31/03/2010	No Rating	-	-
BCM LIMITED	02741673	31/03/2011	93	60 000 Â£	187 500 000 Â£
CASEVIEW (P.L.) LIMITED	02889495	31/03/2011	78	100 000 Â£	931 000 Â£
RUPAM PHARMACY LIMITED	02948027	31/03/2011	No Rating	-	-
HF HEALTHCARE LIMITED	02984981	31/03/2011	No Rating	-	-
UNICHEM LIMITED	03278903	31/03/2011	No Rating	-	-
GREER PHARMACY GROUP LIMITED	03720540	31/03/2011	No Rating	-	-
GORDON'S CHEMIST LIMITED	03865851	31/03/2011	No Rating	-	-
BOOTS RETAIL (TAIWAN) LIMITED	03883555	31/03/2011	No Rating	-	-
ALLIANCE UNICHEM INVESTMENTS 1 LIMITED	03936223	31/03/2011	No Rating	-	-
HEALTHCARE PLUS PHARMACIES LIMITED	03967855	31/03/2011	No Rating	-	-
BOOTS SHARE PLAN TRUSTEE LIMITED	04116989	31/03/2011	No Rating	-	-
THE LANCOL PHARMACY LIMITED	04260580	31/03/2011	No Rating	-	-
LEAMINGTON SPA PROPERTIES (TWO) LIMITED	04402589	31/03/2011	No Rating	-	-
ALLIANCE BOOTS SERVICES LIMITED	04611581	31/03/2011	No Rating	-	-
TOYS "R" US (UK) LIMITED	05410173	29/01/2011	87	60 000 Â£	0 Â£
TOYS "R" US PROPERTIES (UK) LIMITED	05410177	29/01/2011	56	500 Â£	31 609 000 Â£
ALLIANCE UNICHEM INVESTMENTS 4 LIMITED	05441496	31/03/2011	79	100 000 Â£	0 Â£
DAIMAND PHARMACY LIMITED	05452774	31/03/2011	No Rating	-	-
ALLIANCE UNICHEM IP LIMITED	05654655	31/03/2011	No Rating	-	-
CORDIA HEALTHCARE LIMITED	05922789	31/03/2011	No Rating	-	-
BCM SPECIALS LIMITED	06009025	31/03/2011	98	150 000 Â£	17 995 000 Â£
AB ACQUISITIONS FX INTER LIMITED	06252708	31/03/2011	69	95 000 Â£	0 Â£
BOOTS THE CHEMISTS LIMITED	06344089	31/03/2011	No Rating	-	-
BOOTS PURE DRUG COMPANY LIMITED	06424295	31/03/2011	No Rating	-	-
D&A EYEWEAR LIMITED	06776818	31/03/2011	No Rating	-	-
DOLLOND & AITCHISON 3 LIMITED	06776823	31/03/2011	No Rating	-	-
D&A PROFESSIONAL SERVICES LIMITED	06776824	31/03/2011	No Rating	-	-
BOOTS EYEWEAR LIMITED	06779526	31/03/2011	89	1 000 Â£	69 531 000 Â£
AB EARL (UK) LIMITED	07050208	31/03/2011	54	500 Â£	0 Â£
ALLIANCE HEALTHCARE MANAGEMENT SERVICES ...	07073443	31/03/2011	96	355 000 Â£	84 700 000 Â£
ALLIANCE UNICHEM PENSION TRUSTEE LIMITED	07204670	31/03/2011	No Rating	-	-
HOGAN'S PHARMACY LIMITED	IE197921	31/03/2009	No Rating	-	-
AP (NI) (NO.3)	NI006748	31/03/2011	No Rating	-	-
AP (NI) (NO.1) LIMITED	NI024802	31/03/2011	No Rating	-	-
SCOTT CHEMISTS LIMITED	SC057694	31/03/2011	No Rating	-	-
DONALD A MACLEOD (PORTREE) LIMITED	SC069122	31/03/2011	No Rating	-	-
JOYCE MORRISON LIMITED	SC135882	31/03/2011	No Rating	-	-
DDM HEALTHCARE LIMITED	SC192458	31/03/2011	No Rating	-	-
JOHN GORDON (CHEMISTS) LIMITED	SC199283	31/03/2011	No Rating	-	-
ABG UK HOLDINGS 1 LIMITED	07398284	-	65	1 000 Â£	-
DOLLOND & AITCHISON LIMITED	07967233	-	66	1 000 Â£	-
AB ACQUISITIONS LUXCO 1 S.Ã€ R.L.	B129314	-	No Rating	-	-
AB ACQUISITIONS LUXCO 2A S.Ã€ R.L.	B143785	-	No Rating	-	-
AB ACQUISITIONS LUXCO 4 S.Ã€ R.L.	B146217	-	No Rating	-	-
AB ACQUISITIONS HOLDINGS LTD	-	-	No Rating	-	-
AB PROPERTY HOLDINGS LTD	-	-	No Rating	-	-
ABG CORP.	-	-	No Rating	-	-
ALLIANCE BOOTS PLC	-	-	No Rating	-	-
ALLIANCE HEALTHCARE NORGE (NORWAY) A.S	-	-	No Rating	-	-
ALLIANCE UNICHEM SPAIN HOLDINGS SL	-	-	No Rating	-	-
BABIES "R" US (AUSTRALIA) PTY	-	-	No Rating	-	-
BABIESRUS.COM, LLC	-	-	No Rating	-	-
DEFINITIVE SOLUTIONS COMPANY,	-	-	No Rating	-	-
G.G. REALTY CORP., LTD.	-	-	No Rating	-	-
GEOFFREY INTERNATIONAL, LLC	-	-	No Rating	-	-
GEOFFREY, INC.	-	-	No Rating	-	-
HEDEF ALLIANCE HOLDING AS	-	-	No Rating	-	-
PACIFIC PLAYTHINGS LIMITED	-	-	No Rating	-	-
SUMUS NOS LIMITED	-	-	No Rating	-	-
TOYS "R" US (AUSTRALIA) PTY LT	-	-	No Rating	-	-
TOYS "R" US (CANADA) LTD.	-	-	No Rating	-	-
TOYS "R" US (IFSC) UNLIMITED	-	-	No Rating	-	-
TOYS "R" US (NETHERLANDS), B.V	-	-	No Rating	-	-
TOYS "R" US - BELGIUM, INC.	-	-	No Rating	-	-
TOYS "R" US - BELGIUM, SCA	-	-	No Rating	-	-
TOYS "R" US - DELAWARE, INC.	-	-	No Rating	-	-
TOYS "R" US - MASS., INC.	-	-	No Rating	-	-
TOYS "R" US - NY LLC	-	-	No Rating	-	-
TOYS "R" US - OHIO, INC.	-	-	No Rating	-	-
TOYS "R" US - PENN., INC.	-	-	No Rating	-	-
TOYS "R" US - SERVICE, INC.	-	-	No Rating	-	-
TOYS "R" US - TEXAS LLC	-	-	No Rating	-	-
TOYS "R" US - VALUE, INC.	-	-	No Rating	-	-
TOYS "R" US AKTIEBOLAG	-	-	No Rating	-	-
TOYS "R" US GMBH	-	-	No Rating	-	-
TOYS "R" US HANDELSGESELLSCHAF	-	-	No Rating	-	-
TOYS "R" US LOGISTIK GMBH	-	-	No Rating	-	-
TOYS "R" US OPERATIONS GMBH	-	-	No Rating	-	-
TOYS "R" US PROPERTIES LIMITED	-	-	No Rating	-	-
TOYS "R" US S.A.R.L.	-	-	No Rating	-	-
TOYS 'R' US HOLDINGS (UK) LIMI	-	-	No Rating	-	-
TOYS R US AG	-	-	No Rating	-	-
TOYS R US EUROPE LLC	-	-	No Rating	-	-
TOYS R US PORTUGAL, LIMITADA	-	-	No Rating	-	-
TOYS R US, IBERIA, S.A.	-	-	No Rating	-	-
TOYSRUS.COM, INC.	-	-	No Rating	-	-
TOYSRUS.COM, LLC	-	-	No Rating	-	-
TRU (HK) LIMITED	-	-	No Rating	-	-
TRU (VERMONT), INC.	-	-	No Rating	-	-
TRU - LSM REDEVELOPMENT CORPOR	-	-	No Rating	-	-
TRU BELGIUM HOLDINGS II, INC.	-	-	No Rating	-	-
TRU DATA SERVICES, INC.	-	-	No Rating	-	-
TRU FOREIGN SALES CORPORATION	-	-	No Rating	-	-
TRU GULF SERVICES, INC.	-	-	No Rating	-	-
TRU INVESTMENTS, INC.	-	-	No Rating	-	-
TRU NETHERLANDS HOLDINGS I, IN	-	-	No Rating	-	-
TRU NETHERLANDS HOLDINGS II, I	-	-	No Rating	-	-
TRU OF PUERTO RICO, INC.	-	-	No Rating	-	-
TRU, INC.	-	-	No Rating	-	-
Y.K. BABIESRUS INTERNET JAPAN	-	-	No Rating	-	-
Y.K. TOYSRUS INTERNET JAPAN	-	-	No Rating	-	-

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
22/04/2012	JAL	Appointment of the social representative

Petites affiches du Haut Rhin (Les) Date de dEcision : 25/10/2011 SociEtE faisant l'objet d'une nomination : 612050518 - CAPSUGEL FRANCE, 10 RUE TIMKEN, 68000 COLMAR NominE : Monsieur Jan Vertommen
22/04/2012	JAL	Resignation / Revocation of the social representative

Petites affiches du Haut Rhin (Les) Date de dEcision : 25/10/2011 La sociEtE 612050518 - CAPSUGEL FRANCE, 10 RUE TIMKEN, 68000 COLMAR Fait l'objet du dEpart de Monsieur Jan Vertommen
08/04/2012	JAL	Appointment of the social representative

Petites affiches du Haut Rhin (Les) Date de dEcision : 25/10/2011 SociEtE faisant l'objet d'une nomination : 612050518 - CAPSUGEL FRANCE, 10 RUE TIMKEN, 68000 COLMAR NominE : Monsieur Alain De Mol, B-9000 GENT En la fonction de : Directeur gEnEral NominE : Monsieur Hassan Benameur, 95600 EAUBONNE NominE : Monsieur Keith Hutchison, B-9100 SINT-NIKLAAS NominE : Monsieur Armand Van de Putte, BARENDRECHT
18/03/2012	JAL	Resignation / Revocation of the social representative

Petites affiches du Haut Rhin (Les) Date de dEcision : 29/02/2012 La sociEtE 612050518 - CAPSUGEL FRANCE, 10 RUE TIMKEN, 68000 COLMAR Fait l'objet du dEpart de Monsieur Laurent DIS
10/09/2011	Bodacc C	Comptes annuels et rapports

68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE COLMAR 2931 - 612050518 RCS. CAPSUGEL FRANCE. Forme : S.A.S. Adresse : 10, rue Timken, 68000 Colmar. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/11/2010.
22/09/2010	Bodacc C	Comptes annuels et rapports

68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE COLMAR 3445 - 612050518 RCS. CAPSUGEL FRANCE. Forme : S.A.S. Adresse : 10, rue Timken, 68000 Colmar. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/11/2009.
21/07/2010	Bodacc B	Modification et mutation diverse

68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE COLMAR 859 - 612 050 518 RCS Colmar. CAPSUGEL FRANCE. Forme : SociEtE par actions simplifiEe. Administration : prEsident : MOURISSE (Carl), directeur gEnEral pharmacie responsable : VERTOMMEN (Jan), directeurs gEnEraux : GUBIANI (Christian), DISS (Laurent), commissaire aux comptes titulaire : KPMG (SA), commissaire aux comptes supplEant : BERNARD (Christophe). Commentaires : modification survenue sur l'administration.
13/06/2010	JAL	Resignation / Revocation of the social representative

LES PETITES AFFICHES DU HAUT RHIN Date de dEcision : 28/05/2010 La sociEtE 612050518 - CAPSUGEL FRANCE, 10 RUE TIMKEN, 68000 COLMAR Fait l'objet du dEpart de Monsieur DJERBRIN MEIDANI
13/09/2009	Bodacc C	Comptes annuels et rapports

68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE COLMAR 2701 - 612050518 RCS. CAPSUGEL FRANCE. Forme : S.A.S. Adresse : 10, rue Timken, 68000 Colmar. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/11/2008.
18/10/2008	Bodacc C	Comptes annuels et rapports

68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE COLMAR 2287 - 612050518 RCS. CAPSUGEL FRANCE. Forme : S.A.S. Adresse : 10, rue Timken, 68000 Colmar. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/11/2007.
15/08/2008	Bodacc B	Modification et mutation diverse

68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE COLMAR 887 - 612 050 518 RCS Colmar. CAPSUGEL FRANCE. Forme : S.A.S. Administration : nomination directeurs gEnEraux : MEIDANI (Djebrin), DISS (Laurent). Capital : 1280000 EUR. ActivitE : non prEcisEe. Adresse du siÃ¨ge social : 10 rue Timken, 68000 Colmar. Commentaires : modification sur l'administration ; le 30/05/2008.
19/08/2007	Bodacc C	Avis de dEpÃ´t des comptes

2691 - Colmar B 612 050 518. RC 70-B 111. CAPSUGEL FRANCE. Forme: S.A.S. Adresse du siÃ¨ge social: 10, rue Timken,68000 Colmar. Comptes annuels et rapports de l'exercice clos le: 30 novembre 2006.
30/09/2006	Bodacc C	Avis de dEpÃ´t des comptes

2501 - RCS Colmar B 612 050 518. RC 70-B 111. CAPSUGEL FRANCE. Forme: S.A.S. Adresse du siÃ¨ge social: 10, rue Timken,68000 Colmar. Comptes annuels et rapports de l'exercice clos le: 30 novembre 2005.
30/11/2005	Bodacc B	Modifications et mutations diverses

1087 - RCS Colmar 612 050 518. RC 70-B 111. CAPSUGEL FRANCE. Forme : S.A.S. Capital : 1 280 000 euros. Adresse du siÃ¨ge social : 10 rue Timken,, 68000 Administration : directeur gEnEral partant : VAN DE NESTE (Ronny). Nouveau directeur gEnEral : GUBIANI (Christian). Date d'effet : 7 septembre 2005.
27/08/2005	Bodacc C	Avis de dEpÃ´t des comptes

2532 - RCS Colmar B 612 050 518. RC 70-B 111. CAPSUGEL FRANCE. Forme: S.A.S. Adresse du siÃ¨ge social: 10, rue Timken,68000 Colmar. Comptes annuels et rapports de l'exercice clos le: 30 novembre 2004.
07/11/2004	Bodacc B	Modifications et mutations diverses

RCS Colmar 612050518 RC 70-B 111 CAPSUGEL FRANCE. Forme : S.A.S. Capital : 1 280 000 euros. Adresse du siÃ¨ge social : 10 rue Timken, 68000 Colmar. Administration : ancien directeur gEnEral et pharmacien responsable : DAUMESNIL (Roland). Nouveau directeur gEnEral et pharmacien responsable : VERTOMMEN (Jan). Date d'effet : 30 juin 2004.
04/05/2003	Bodacc B	Modifications et mutations diverses

RCS Colmar 612050518 RC 70-B 111 CAPSUGEL FRANCE. Forme : S.A.S. Capital : 1 280 000 euros. Adresse du siÃ¨ge social : 10 rue Timken, 68000 Colmar. Administration : nouveau prEsident : MOURISSE (Carl), en remplacement de DRIESEN (Guido). Date d'effet : 3 fEvrier 2003.
09/10/2002	Bodacc B	Modifications et mutations diverses

RCS Colmar 612050518 RC 70-B 111 CAPSUGEL FRANCE. Forme : S.A.S. Capital : 1 280 000 euros. Adresse du siÃ¨ge social : 10 rue Timken, 68000 Colmar. Administration : nomination d'un associE ou tiers ayant le pouvoir de diriger, gErer ou engager Ã titre habituel la sociEtE et ayant la qualitE de directeur gEnEral : VAN DE NESTE (Ronny). Date d'effet : 24 mai 2002.
23/12/2001	Bodacc B	Modifications et mutations diverses

Ancienne situation du siÃ¨ge social. RCS Colmar B 612050518 RC 70-B 111 CAPSUGEL FRANCE. Forme : S.A. Capital : 1 280 000 euros. Adresse : 10 rue Timken, 68000 Colmar Nouvelle situation du siÃ¨ge social. Forme : S.A.S Extention d' activitE: distribution de mEdicaments et de produits assimilEs. Administration : nomination d'un prEsident : GUIDO ( Dreisen), ancien prEsident du conseil d' administration. Nomination d'un directeur gEnEral et pharmacien responsable : DAUMESNIL (Roland). Anciens administrateurs : LAUFER ( Michael) CONSTANT (Michel) HOOVER ( Charles) SUBSTANTIA, reprEsentEe par SOREN (Celinder) et BALMES (HervE). Date d'effet : 17 octobre 2001.
02/02/2001	Bodacc B	Modifications et mutations diverses

Ancienne situation du siÃ¨ge social. RCS Colmar B 612050518 RC 70-B 111 CAPSUGEL FRANCE. Forme : S.A. Capital : 8 000 000 de F. Adresse : 10 rue Timken, 68000 Colmar Nouvelle situation du siÃ¨ge social. Capital : 1 280 000 euros. Commentaires : augmentation du capital Ã 8 396 249,60 F puis conversion en euros. Administration : changement de reprEsentant permanent de la STE SUBSTANTIA, administrateur. Ancien : BERTE (Christian). Nouveau : CELINDER ( Soren), Ã compter du 7 novembre 2000. Ancien commissaire aux comptes titulaire : BEFEC PRICE WATERHOUSE. Nouveau commissaire aux comptes titulaire : S.A. K.M.P.G. Ancien commissaire aux comptes supplEant : MORALEE (Michel). Nouveau commissaire aux comptes supplEant : BERNARD ( Christophe). Date d'effet : 1er dEcembre 2000.
08/08/2000	Bodacc B	Modifications et mutations diverses

RCS Colmar B 612 050 518 RC 70-B 111 CAPSUGEL FRANCE. Forme : S.A. Capital : 8 000 000 de F (fixe). Adresse du siÃ¨ge social : 10 rue Timken, 68000 Colmar. Administration : ancien directeur gEnEral et administrateur : FRECHARD ( Jean-Pierre) nomination en qualitE d' administrateur de BALMES (HervE). Date d'effet : 27 juin 2000.
13/06/2000	Bodacc B	Modifications et mutations diverses

RCS Colmar B 612 050 518 RC 70-B 111 CAPSUGEL FRANCE. Forme : S.A. Capital : 8 000 000 de F (fixe). Adresse du siÃ¨ge social : 10 rue Timken, 68000 Colmar. Administration : changement de reprEsentant permanent de la sociEtE SUBSTANTIA, administrateur : ancien : BERTHE DE POMMERY (Arnaud), nouveau : BERTE (Christian). Date d'effet : 12 octobre 1999.
07/09/1999	Bodacc B	Modifications et mutations diverses

RCS Colmar B 612050518 RC 70-B 111 CAPSUGEL FRANCE. Forme : S.A. Capital : 8 000 000 F (fixe). Adresse du siÃ¨ge social : 10, rue Timken, 68000 Colmar. Commentaires : ancienne dEnomination d' administrateur : PARKE DAVIS nouvelle dEnomination d'administrateur : SUBSTANTIA S.A. changement d'adresse du commissaire aux comptes titulaire. Date d'effet : 27 mai 1999.
03/08/1997	Bodacc B	Modifications et mutations diverses

RCS Colmar B 612 050 518 RC 70-B 111 CAPSUGEL FRANCE. Forme : S.A. Capital : 8 000 000 de F (fixe). Adresse du siÃ¨ge social : 10 rue Timken, 68000 Colmar. Administration : changement de reprEsentant permanent de la sociEtE PARKE DAVIS : ancien : SIBI (Pierre), nouveau : BERTHE DE POMMERY (Arnaud). Date d'effet : 15 avril 1997.

Company events history

Date	Description
22/04/2012	Legal Gazette: Resignation / Revocation of the social representative
18/03/2012	Legal Gazette: Resignation / Revocation of the social representative
29/11/2011	Private document
29/11/2011	Appointment/resignation of company officers
02/11/2011	New legal form â€“ new category
02/11/2011	New closing date
02/11/2011	Amendment
25/10/2011	Legal Gazette: Appointment of the social representative
15/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
10/09/2011	Bodacc C : Deposit accounts notice
25/08/2011	Update of Company Legal Form
25/08/2011	Other modification of Establishment (error correction)
01/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
29/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
06/05/2011	Disengagement of the group
06/05/2011	New ultimate parent
06/05/2011	New parent detected
30/11/2010	New accounts available
22/09/2010	Bodacc C : Deposit accounts notice
21/07/2010	Bodacc B: Various editing or changing
20/07/2010	Formation of Establishment
22/06/2010	Appointment/resignation of company officers
22/06/2010	Private document
22/06/2010	Changes to the Board of Directors
22/06/2010	Amendment
13/06/2010	Legal Gazette: Resignation / Revocation of the social representative
30/11/2009	New accounts available
13/09/2009	Bodacc C : Deposit accounts notice
30/11/2008	New accounts available
18/10/2008	Bodacc C : Deposit accounts notice
15/08/2008	New Bodacc B ads detected
15/08/2008	Bodacc B: Various editing or changing
15/07/2008	PV d'AssemblEe
15/07/2008	Minutes of general meeting of shareholders
15/07/2008	Amendment
15/07/2008	Appointment/resignation of company officers
15/07/2008	Nomination/dEmission des organes de gestion
15/07/2008	Private document
15/07/2008	Acte sous seing privE
15/07/2008	Acte modificatif
30/11/2007	New accounts available
30/11/2006	New accounts available
30/11/2005	New accounts available
20/10/2005	Private document
20/10/2005	Appointment/resignation of company officers
20/10/2005	Minutes of general meeting of shareholders
20/10/2005	PV d'AssemblEe
20/10/2005	Acte modificatif
20/10/2005	Acte sous seing privE
20/10/2005	Nomination/dEmission des organes de gestion
30/11/2004	New accounts available
11/10/2004	Private document
11/10/2004	Appointment/resignation of company officers
11/10/2004	Minutes of general meeting of shareholders
11/10/2004	PV d'AssemblEe
11/10/2004	Acte modificatif
11/10/2004	Acte sous seing privE
11/10/2004	Nomination/dEmission des organes de gestion
30/11/2003	New accounts available
25/03/2003	Nomination/dEmission des organes de gestion
25/03/2003	Acte modificatif
25/03/2003	Acte sous seing privE
25/03/2003	PV d'AssemblEe
04/09/2002	Acte sous seing privE
04/09/2002	Acte modificatif
04/09/2002	PV d'AssemblEe
04/09/2002	Nomination/dEmission des organes de gestion
15/11/2001	Changement de Forme Juridique avec changement de catEgorie
15/11/2001	Changement de Forme Juridique sans changement de catEgorie
15/11/2001	Modification de l'objet social
15/11/2001	Acte sous seing privE
15/11/2001	Nomination/dEmission des organes de gestion
15/11/2001	PV d'AssemblEe
15/11/2001	PV du Conseil d'Administration
15/11/2001	Statuts mis Ã jour
15/11/2001	Acte modificatif
22/08/2001	Changement de date de clÃ´ture
22/08/2001	Acte modificatif
22/08/2001	Statuts mis Ã jour
22/08/2001	PV d'AssemblEe
22/08/2001	Acte sous seing privE
29/12/2000	Augmentation de Capital
29/12/2000	Conversion du Capital Social en Euros
29/12/2000	Acte modificatif
29/12/2000	Changement de Commissaire aux Comptes
29/12/2000	Statuts mis Ã jour
29/12/2000	PV d'AssemblEe
29/12/2000	Nomination/dEmission des organes de gestion
29/12/2000	Acte sous seing privE
12/07/2000	Modification du Conseil d'Administration
12/07/2000	Acte modificatif
12/07/2000	Acte sous seing privE
12/07/2000	PV d'AssemblEe
12/07/2000	Nomination/dEmission des organes de gestion
12/07/2000	PV du Conseil d'Administration
04/05/2000	Acte sous seing privE
04/05/2000	Nomination/dEmission des organes de gestion
04/05/2000	Acte modificatif
12/11/1996	PV du Conseil d'Administration
12/11/1996	Acte modificatif
12/11/1996	Nomination/dEmission des organes de gestion
12/11/1996	Modification du Conseil d'Administration
12/11/1996	Acte sous seing privE
19/01/1996	Statuts mis Ã jour
19/01/1996	PV d'AssemblEe
19/01/1996	Acte modificatif
19/01/1996	Changement de date de clÃ´ture
03/03/1994	Modification du Conseil d'Administration
03/03/1994	Acte modificatif
03/03/1994	Nomination/dEmission des organes de gestion
03/03/1994	PV du Conseil d'Administration
03/03/1994	Changement de PrEsident (PDG, PCA)
29/06/1993	Nomination/dEmission des organes de gestion
29/06/1993	Modification du Conseil d'Administration
29/06/1993	Acte modificatif
29/06/1993	PV d'AssemblEe

Establishment events history

Date	Description
25/08/2011	Modification of Head office
29/07/2011	Update Limit
06/05/2011	Update Rating
04/09/2010	Update Limit
07/08/2010	Update Rating
20/07/2010	Modification of Head office
19/05/2008	Update of phone numbers
09/12/2007	Update Limit

directors

Name	M. DISS LAURENT
Manager position	Directeur gEnEral	Date of birth	13/08/1965
Place of birth	STRASBOURG
Type of manager	Individual	Name at birth of manager

Name	M. GUBIANI CHRISTIAN
Manager position	Directeur gEnEral	Date of birth	01/03/1967
Place of birth	MULHOUSE
Type of manager	Individual	Name at birth of manager

Name	M. VERTOMMEN JAN
Manager position	Directeur gEnEral	Date of birth	15/02/1968
Place of birth	SINT NIKLAAS BELGIQUE
Type of manager	Individual	Name at birth of manager

Name	M. MOURISSE CARL
Manager position	PrEsident	Date of birth	19/05/1964
Place of birth	NIEUWPOORT BELGIQUE
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 CARL MOURISSE
Directeur gEnEral	M LAURENT DISS
Directeur gEnEral	M CHRISTIAN GUBIANI
Directeur gEnEral	M DJEBRIN MEIDANI
Directeur gEnEral	M JAN VERTOMMEN
Directeur gEnEral	M JAN VERTOMMEN

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.71
UK Pound	1	Rs.86.34
Euro	1	Rs.69.23

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.

MIRA INFORM REPORT

Company summary

company details

accounts

judgements

directors

Unit