MIRA INFORM REPORT

Report Date :

26.05.2012

IDENTIFICATION DETAILS

Name :	KABEL FRANCE
Registered Office :	1 All Du Parc Des Sports, 64520 Bidache
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	November 1997
Com. Reg. No.:	RCS Bayonne 0 414 296 673
Legal Form :	Limited Liability Company
Line of Business :	Agents specialized in the trade of other commodities
No. of Employees :	3 to 5 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

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	A2	A2

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

REGISTERED NAME & COMPANY SUMMARY

Name

KABEL FRANCE

SIRET

414 296 673 00059

company summary

Activity (APE)	Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z) (Agents specialized in the trade of other commodities)	Legal form	Limited Liability Company
Phone	05 59 65 46 10	RCS Registration	RCS Bayonne 0 414 296 673
Fax		Share capital	7,622
Address	KABEL FRANCE 1 ALL DU PARC DES SPORTS 64520 BIDACHE	Incorporated Date	11/1997
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Directors

Name	MASCARENHAS ALBERT THOMAS
Manager position	Gérant	Date of birth	30/05/1945
Place of birth	PONDICHERY(INDE)
Type of manager	Individual	Name at birth of manager

Manager position	Title and name	Date of Birth/Place of Birth
Gérant	M ALBERT MASCARENHAS

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

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

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Na

FINANCIAL INFORMATION

Accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	27/08/2011	16/08/2010	-
Activity Code	4618Z	4618Z	4618Z
Employees	0	0	0

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	22 611	690,6%	2 860	-6,0%	3 044	8 478	166,7%
- Intangible assets	2 138	0%	0	0%	216	0	0%
- Tangible assets	17 973	528,4%	2 860	28,0%	2 235	1 993,50	801,6%
- Financial assets	2 500	0%	0	0%	593	100	2400%
Net current assets	638 849	110,0%	304 175	-39,8%	505 329	109 589,50	482,9%
- Stocks	8 831	-72,9%	32 553	-26,9%	44 502	0	0%
- Advanced payments	189	110,0%	187	0%	0	0	0%
- Receivables	319 496	31,6%	242 786	114,2%	113 360	44 073,50	624,9%
- Securities and cash	310 333	983,2%	28 649	-91,8%	347 467	23 609	1214,5%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	661 460	115,4%	307 036	-39,6%	508 373	144 168	358,8%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	331 112	64,3%	201 544	-29,3%	285 191	44 822,50	638,7%
Share capital	7 622	0%	7 622	0%	7 622	8 000	-4,7%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	330 347	213,1%	105 492	-52,7%	223 182	73 691,50	348,3%
- Financial liabilities	0	0%	40 870	-15,8%	48 514	5 329,50	0%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	57 543	482,5%	9 878	-58,2%	23 636	13 082,50	339,8%
- Tax and social liabilities	110 131	110,6%	52 283	-65,4%	151 031	23 622	366,2%
- Other debts and fixed assets liabilities	162 672	6510,0%	2 461	0%	0	3 668	4334,9%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	661 460	115,4%	307 036	-39,6%	508 373	144 377	358,1%

Results

Annual Accounts	31/12/2010				31/12/2009				31/12/2008	Sector Median 2010
Sales of Goods	955 151			50,4%	635 141	-6,6%			679 856	195 175		389,4%
Net turnover	944 408			48,8%	634 627	-4,0%			660 865	190 457,50		395,9%
- of which net export turnover	910 012			49,6%	608 325	-5,0%			640 099	0		0%
Operating charges	494 253			29,5%	381 799	-15,7%			453 103	179 584		175,2%
Operating profit/loss	460 898			81,9%	253 342	11,7%			226 752	8 073		5609,1%
Financial income	385			-91,6%	4 590	0%			0	0		0%
Financial charges	0			0%	142	-56,8%			329	206,50		0%
Financial profit/loss	385			-91,3%	4 448	1452,0%			-329	-07		5600%
Pretax net operating income	461 282			78,9%	257 790	13,9%			226 423	7 584		5982,3%
Extraordinary income	3 948			0%	0	0%			300 462	0		0%
Extraordinary charges	6 759			33695,0%	20	-100,0%			203 680	40		16797,5%
Extraordinary profit/loss	-2 811			1547940,0%	-20	-100,0%			96 782	0		0%
Net result	309 568			75,5%	176 353	-19,7%			219 520	7 438,50		4061,7%
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	661 460	115,4%	307 036	-39,6%	508 373
Gross	CO	679 404	108,7%	325 581	-38,4%	528 703
Amortisation	1A	17 944	-3,2%	18 545	-8,8%	20 329

Non declared distributed capital (I)

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

Active fixed asset (II)

		31/12/2010		31/12/2009		31/12/2008
Total Active fixed asset (II)	Net	22 611	690,6%	2 860	-6,0%	3 044
Gross	BJ	35 837	177,8%	12 900	-11,7%	14 604
Amortisation	BK	13 226	31,7%	10 040	-13,1%	11 559

Intangilble fixed assets

	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	2 138	0%	0	0%	216
	Gross	AF	5 938	67,2%	3 551	-18,4%	4 351
	Amortisation	AG	3 800	7,0%	3 551	-14,1%	4 135
	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	2 138	0%	0	0%	216

Tangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	0	0%	0	0%	0
	Gross	AR	0	0%	0	0%	0
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	17 973	528,4%	2 860	28,0%	2 235
	Gross	AT	27 399	193,1%	9 349	-3,2%	9 660
	Amortisation	AU	9 426	45,3%	6 489	-12,6%	7 425
	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	17 973		2 860		2 235

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	2 000	0%	0	0%	0
	Gross	CU	2 000	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	500	0%	0	0%	593
	Gross	BH	500	0%	0	0%	593
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		2 500		0		593

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	638 849	110,0%	304 175	-39,8%	505 329
	Gross	CJ	643 567	105,8%	312 680	-39,2%	514 099
	Amortisation	CK	4 718	-44,5%	8 505	-3,0%	8 770

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	8 831	-72,9%	32 553	-26,9%	44 502
	Gross	BT	8 831	-72,9%	32 553	-26,9%	44 502
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	8 831	-72,9%	32 553	-26,9%	44 502

Advance payments to suppliers

			31/12/2010		31/12/2009		31/12/2008
	Advance payments to suppliers	Net	189	1,1%	187	0%	0
	Gross	BV	189	1,1%	187	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2010		31/12/2009		31/12/2008
	Trade accounts receivable	Net	300 522	41,7%	212 028	105,5%	103 165
	Gross	BX	305 240	38,4%	220 533	97,0%	111 935
	Amortisation	BY	4 718	-44,5%	8 505	-3,0%	8 770
	Other debtors	Net	13 851	-48,4%	26 842	349,7%	5 969
	Gross	BZ	13 851	-48,4%	26 842	349,7%	5 969
	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	314 373	31,6%	238 870	118,9%	109 134

Divers

			31/12/2010		31/12/2009		31/12/2008
	Investment securities	Net	9 300	0%	9 300	-97,0%	306 000
	Gross	CD	9 300	0%	9 300	-97,0%	306 000
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	301 033	1455,8%	19 349	-53,3%	41 467
	Gross	CF	301 033	1455,8%	19 349	-53,3%	41 467
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	310 333	983,2%	28 649	-91,8%	347 467

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	5 123	30,8%	3 916	-7,3%	4 226
	Gross	CH	5 123	30,8%	3 916	-7,3%	4 226
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

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

References

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

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2010		31/12/2009		31/12/2008
Grand Total (I to V)	EE	661 460	115,4%	307 036	-39,6%	508 373

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	331 112	64,3%	201 544	-29,3%	285 191
	Equity and shareholders' equity	DA	7 622	0%	7 622	0%	7 622
	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	762	0%	762	0%	762
	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	13 160	-21,7%	16 807	-70,7%	57 287
	Profit or loss for the period	DI	309 568	75,5%	176 353	-19,7%	219 520
	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	330 347	213,1%	105 492	-52,7%	223 182
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	105	-50,2%	211
	Sundry loans and financial liabilities	DV	0	0%	40 765	-15,6%	48 303
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	57 543	482,5%	9 878	-58,2%	23 636
	Tax and social security liabilities	DY	110 131	110,6%	52 283	-65,4%	151 031
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	162 672	6510,0%	2 461	0%	0

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	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	105

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	460 898	81,9%	253 342	11,7%	226 752

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	385	-91,3%	4 448	1452,0%	-329

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	461 282	78,9%	257 790	13,9%	226 423

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-2 811	-13955,0%	-20	-100,0%	96 782

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	309 568	75,5%	176 353	-19,7%	219 520

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	959 484	50,0%	639 731	-34,7%	980 317

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	649 915	40,3%	463 379	-39,1%	760 798

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	955 151	50,4%	635 141	-6,6%	679 856

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	24 746	33,8%	18 490	28,0%	14 444
	France	FA	24 746	33,8%	18 490	28,0%	14 444
	Export	FB	0	0%	0	0%	0
	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	919 662	49,3%	616 137	-4,7%	646 421
	France	FG	9 650	23,5%	7 812	23,6%	6 322
	Export	FH	910 012	49,6%	608 325	-5,0%	640 099
	Net turnover	FL	944 408	48,8%	634 627	-4,0%	660 865
	France	FJ	34 396	30,8%	26 302	26,7%	20 766
	Export	FK	910 012	49,6%	608 325	-5,0%	640 099
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	10 738	2056,2%	498	-97,4%	18 981
	Other income	FQ	05	-68,8%	16	60,0%	10

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	494 253	29,5%	381 799	-15,7%	453 103

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	38	-99,2%	4 698	1018,6%	420
Change in stocks of goods for resale	FT	23 722	98,5%	11 949	0,3%	11 914
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	137 493	47,2%	93 406	-3,0%	96 256
Tax, duty and similar payments	FX	13 881	101,2%	6 898	-24,3%	9 108
Payroll	FY	227 259	15,3%	197 083	-8,1%	214 497
Social security costs	FZ	78 867	21,0%	65 196	-30,6%	93 938

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	3 186	90,8%	1 670	-17,3%	2 020
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	3 129	0%	0	0%	6 651
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	6 678	642,8%	899	-95,1%	18 298

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	385	-91,6%	4 590	0%	0
	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	385	-91,6%	4 590	0%	0
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	0	0%	0	0%	0
	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	0	0%	142	-56,8%	329
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	0	0%	142	-56,8%	329
Exchange losses	GS	0	0%	0	0%	0
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	3 948	0%	0	0%	300 462
	Extraordinary operating income	HA	3 948	0%	0	0%	162
	Extraordinary income from capital transactions	HB	0	0%	0	0%	300 300
	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	6 759	33695,0%	20	-100,0%	203 680
	Extraordinary operating charges	HE	6 759	33695,0%	20	-99,3%	2 856
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	200 824
	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%	0

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	148 903	82,9%	81 418	-21,5%	103 685

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	3 822	1540,3%	233	-53,7%	503
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%	214 636
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	2 080
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	3 783	-98,1%	202 112
	Gross value at the end of period	OL	35 837	177,8%	12 900	-11,7%	14 604

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	3 551	-18,4%	4 351	-97,9%	204 351
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	2 387	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	800	-99,6%	200 000
	Gross value at the end of period	LW	5 938	67,2%	3 551	-18,4%	4 351

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	9 349	-3,2%	9 660	-0,3%	9 692
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	18 050	768,2%	2 079	0,0%	2 080
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	2 390	13,2%	2 112
	Gross value at the end of period	NH	27 399	193,1%	9 349	-3,2%	9 660

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	0	0%	593	0%	593
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	2 500	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	593	0%	0
	Gross value at the end of period	NK	2 500	0%	0	0%	593

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%	10 827
Increases		0P	0	0%	0	0%	2 020
Decreasess		0Q	0	0%	0	0%	1 288
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	11 559

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	3 551	-14,1%	4 135	20,4%	3 434
Increases		PF	249	15,3%	216	-69,2%	701
Decreasess		PG	0	0%	800	0%	0
	Decreasess by budget item transfer	PH	3 800	7,0%	3 551	-14,1%	4 135

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	6 489	-12,6%	7 424	0,4%	7 393
Increases		QV	2 937	102,0%	1 454	10,2%	1 319
Decreases		QW	0	0%	2 390	85,6%	1 288
	Decreasess by budget item transfer	QX	9 426	45,3%	6 488	-12,6%	7 424

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

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

Premium refund of obligations

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

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

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7C	8 505	-3,0%	8 770	-57,4%	20 597
Increases		UB	3 129	0%	0	0%	6 651
Decreases		UC	6 916	2509,8%	265	-98,6%	18 478
	Value at the end of period	UD	4 718	-44,5%	8 505	-3,0%	8 770

Includes Total allocations

Operating	UE	3 129	0%	0	0%	6 651
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	6 916	2509,8%	265	-98,6%	18 478
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	8 505	-3,0%	8 770	-57,4%	20 597
Increases		TY	3 129	0%	0	0%	6 651
Decreases		TZ	6 916	2509,8%	265	-98,6%	18 478
	Value at the end of period	UA	4 718	-44,5%	8 505	-3,0%	8 770

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	324 714	29,2%	251 292	104,8%	122 723
1 year at most	VU	318 571	32,1%	241 120	116,0%	111 641
More than one year	VV	6 143	-39,6%	10 172	-8,2%	11 082

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	500	0%	0	0%	593
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	5 643	-44,5%	10 172	-3,0%	10 489
Other claims customer	UX	299 597	42,4%	210 361	107,4%	101 446
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	1 927	34,8%	1 430	0%	0
Income taxes	VM	0	0%	22 266	0%	0
Value added tax	VB	11 754	379,2%	2 453	-55,9%	5 563
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	170	-75,5%	693	71,1%	405

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	5 123	30,8%	3 916	-7,3%	4 226

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	330 347	213,1%	105 492	-52,7%	223 182
1 year at most		VZ2	330 347	213,1%	105 492	-52,7%	223 182
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

			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%	105	-50,2%	211
1 year at most		VG2	0	0%	105	-50,2%	211
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	57 543	482,5%	9 878	-58,2%	23 636
1 year at most		8B2	57 543	482,5%	9 878	-58,2%	23 636
More than 1 year and 5 years at most		8B3	57 543	482,5%	9 878	0%	0
	Personnel and associated accounts (gross)	8C1	9 100	23,7%	7 355	-87,1%	57 010
1 year at most		8C2	9 100	23,7%	7 355	-87,1%	57 010
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	29 185	-32,1%	42 976	-27,2%	59 070
1 year at most		8D2	29 185	-32,1%	42 976	-27,2%	59 070
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	67 484	0%	0	0%	32 726
1 year at most		8E2	67 484	0%	0	0%	32 726
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	1 619	32,4%	1 223	12130,0%	10
1 year at most		VW2	1 619	32,4%	1 223	12130,0%	10
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	2 744	276,4%	729	-67,1%	2 215
1 year at most		VQ2	2 744	276,4%	729	-67,1%	2 215
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%	40 765	-15,6%	48 303
1 year at most		VI2	0	0%	40 765	-15,6%	48 303
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	162 672	6510,0%	2 461	0%	0
1 year at most		8K2	162 672	6510,0%	2 461	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

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

Table allocation results and other information
Dividends distributed

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

Commitments

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

Groups and Shareholders

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

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Fixed Asset Financing		9,61	-50,9%	19,57	-17,2%	23,63	2,71	254,6%
Global Debt		126 days	110,0%	60 days	-50,8%	122 days	124 days	1,6%
Working Capital Fund overall net		118 days	-13,2%	136 days	-24,4%	180 days	70 days	68,6%
Financial independence		%	-	191946,67%	42,0%	135161,61%	385,86%	-
More ratios
Solvability		50,06%	-23,7%	65,64%	17,0%	56,10%	36,78%	36,1%
Capacity debt futures		%	-	191946,67%	42,0%	135161,61%	1193,36%	-
Coverage of current assets by net working capital overall		47,63%	-36,8%	75,32%	85,9%	40,52%	42,34%	12,5%
General Liquidity		0,96	-58,1%	2,29	358,0%	0,50	0,79	21,5%
Restricted Liquidity		1,90	-25,8%	2,56	24,3%	2,06	1,27	49,6%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital		-3 days	-102,6%	117 days	1163,6%	-11 days	11 days	-127,3%
Treasury		118 days	637,5%	16 days	-91,5%	189 days	11 days	972,7%
Inventory turnover of goods		134 days	-81,0%	704 days	-45,8%	1299 days	27 days	396,3%
Average length of credit granted to customers		116 days	-7,2%	125 days	104,9%	61 days	58 days	100%
Average length of credit obtained suppliers		128 days	300%	32 days	-59,0%	78 days	50 days	156,0%
More ratios
Inventory turnover of raw materials in industrial enterprises		days	-	days	-	days	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1738 days	-
Rotation tangible assets		3446,87%	-49,2%	6788,18%	-0,8%	6841,25%	1623,92%	112,3%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading		0,10%	-65,5%	0,29%	-9,4%	0,32	0,70%	-85,7%
Profitability of the business		49,04	21,9%	40,24	13,3%	35,52	4,84%	913,2%
Net profit		32,78%	18,0%	27,79%	-16,3%	33,22%	3,21%	921,2%
More ratios
Growth rate of turnover (excluding VAT)		48,81%	1329,5%	-3,97%	-110,7%	36,95%	1,50%	3154,0%
Rates integration		82,93%	0,3%	82,66%	-1,1%	83,57%	32,17%	157,8%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		39,09%	-21,8%	50%	-10,5%	55,85%	64,29%	-39,2%
Weight interests		0	0%	0,02%	-60,0%	0,05%	0,10%	0%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability		32,38%	15,6%	28,01%	78,7%	15,67%	4,41%	634,2%
Rates of economic profitability		140%	33,3%	105%	50,0%	70%	16%	775,0%
Financial profitability		331112%	64,3%	201544%	-29,3%	285191%	16286%	1933,1%
Return on investment		93,49%	28,4%	72,81%	10,5%	65,88%	13,16%	610,4%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Turnover	944 408	48,8%	634 627	-4,0%	660 865	190 458 €	395,9%

Sales of goods	24 746	33,8%	18 490	28,0%	14 444
- Purchase of goods	38	-99,2%	4 698	1018,6%	420
+/- Stock of goods variation	23 722	98,5%	11 949	0,3%	11 914
Trading margin	986 €	-46,5%	1 843 €	-12,7%	2 110 €	352 €	180,1%
	0,10 % CA	-65,5%	0,29 % CA	-9,4%	0,32 % CA	3,36 % CA	-97,0%

Sale of goods produced	919 662	49,3%	616 137	-4,7%	646 421
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	919 662 €	49,3%	616 137 €	-4,7%	646 421 €	61 632 €	1392,2%
	97,38 % CA	0,3%	97,09 % CA	-0,7%	97,81 % CA	96,37 % CA	1,0%

Trading margin	986	-46,5%	1 843	-12,7%	2 110	352	180,1%
+ Period Production	919 662	49,3%	616 137	-4,7%	646 421	61 632	1392,2%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	137 493	47,2%	93 406	-3,0%	96 256
Added value	783 155 €	49,3%	524 574 €	-5,0%	552 275 €	64 023 €	1123,2%
	82,93 % CA	0,3%	82,66 % CA	-1,1%	83,57 % CA	32,16 % CA	157,9%

Added value	783 155 €	49,3%	524 574 €	-5,0%	552 275 €	64 023 €	1123,2%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	13 881	101,2%	6 898	-24,3%	9 108
- Personal charges	306 126	16,7%	262 279	-15,0%	308 435
Gross operating surplus	463 148 €	81,3%	255 397 €	8,8%	234 732 €	9 992,50 €	4535,0%
	49,04 % CA	21,9%	40,24 % CA	13,3%	35,52 % CA	4,84 % CA	913,2%

Gross operating surplus	463 148 €	81,3%	255 397 €	8,8%	234 732 €	9 992,50 €	4535,0%
+ Release of reserves and provisions	10 738	2056,2%	498	-97,4%	18 981
+ Other operating income	05	-68,8%	16	60,0%	10
- Depreciation/Amortisation	6 315	278,1%	1 670	-80,7%	8 671
- Other charges	6 678	642,8%	899	-95,1%	18 298
Operating result	460 898 €	81,9%	253 342 €	11,7%	226 754 €	8 073 €	5609,1%
	48,80 % CA	22,2%	39,92 % CA	16,4%	34,31 % CA	3,69 % CA	1222,5%

Operating result	460 898 €	81,9%	253 342 €	11,7%	226 754 €	8 073 €	5609,1%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	385	-91,6%	4 590	0%	0
- Financial charges	0	0%	142	-56,8%	329
Pre-tax result	461 283 €	78,9%	257 790 €	13,9%	226 425 €	7 578 €	5987,1%
	48,84 % CA	20,2%	40,62 % CA	18,6%	34,26 % CA	3,59 % CA	1260,4%

Extraordinary income	3 948	0%	0	0%	300 462	0	0%
- Extraordinary charges	6 759	33695,0%	20	-100,0%	203 680
Extraordinary result	-2 811 €	-13955,0%	-20 €	-100,0%	96 782 €	0 €	0%
	-0,30 % CA	0%	0,00 % CA	0%	15 % CA	0 % CA	0%

Pre-tax result	461 283 €	78,9%	257 790 €	13,9%	226 425 €	7 578 €	5987,1%
Extraordinary result	-2 811 €	-13955,0%	-20 €	-100,0%	96 782 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	148 903	82,9%	81 418	-21,5%	103 685
Net result	309 569 €	75,5%	176 352 €	-19,7%	219 522 €	7 419,50 €	4072,4%
	32,78 % CA	18,0%	27,79 % CA	-16,3%	33,22 % CA	3,20 % CA	924,4%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Establishment details

Activity (APE)	Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z)	Business Pages FT®
Postal Address	KABEL FRANCE 1 ALL DU PARC DES SPORTS 64520 BIDACHE	Trading Address	1 ALLÉE DU PARC DES SPORTS 64520 BIDACHE
Telephone	05 59 65 46 10
Fax

Type	Head office	Status	Economically active
Formation Date	03/2010	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Aquitaine
District		Area
City	BIDACHE	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> KABEL FRANCE <<<  - Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z)  in BIDACHE  (64520)
Secondary establishments	>  KABEL FRANCE  - Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z)  in SAINT PALAIS  (64120) >  KABEL FRANCE  - Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z)  in PARIS 15  (75015) >  KABEL FRANCE  - Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z)  in SAINT PALAIS  (64120)

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

Workforce unknown

Company workforce

3 to 5 employees

event history

Status history

Date	Description
08/03/2010	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
20/09/2011	Bodacc C	Comptes annuels et rapports
64 - PYRENEES-ATLANTIQUES GREFFE DU TRIBUNAL DE COMMERCE DE BAYONNE 6962 - 414296673 RCS. KABEL FRANCE. Forme : Société à responsabilité limitée. Adresse : 1 allée du Parc des Sports 64520 Bidache. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
10/09/2010	Bodacc C	Comptes annuels et rapports
64 - PYRENEES-ATLANTIQUES GREFFE DU TRIBUNAL DE COMMERCE DE BAYONNE 10497 - 414296673 RCS. KABEL FRANCE. Forme : Société à responsabilité limitée. Adresse : 1 allée du Parc des Sports 64520 Bidache. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
25/06/2010	Bodacc B	Modification et mutation diverse
64 - PYRENEES-ATLANTIQUES GREFFE DU TRIBUNAL DE COMMERCE DE BAYONNE 654 - 414 296 673 RCS Bayonne. KABEL FRANCE. Forme : Société à responsabilité limitée. Activité : . Adresse de l’établissement principal : 1 allée du Parc des Sports, 64520 Bidache. Adresse du siège social : 1 allée du Parc des Sports, 64520 Bidache. Commentaires : Transfert du siège social, transfert de l'établissement principal.
05/05/2010	JAL	Head Office Transfer
LES PETITES AFFICHES DU PAYS BASQUE ET DES PYRENEES ATL. Date de décision : 05/03/2010 Transfert du siège social de la société 414296673 -  KABEL FRANCE Adresse du nouveau siège : 1 ALLEE DU PARC DES SPORTS, 64520 BIDACHE Ancienne localisation : 9 AV DE GARRIS, 64120 SAINT PALAIS
03/09/2009	Bodacc C	Comptes annuels et rapports
64 - PYRENEES-ATLANTIQUES GREFFE DU TRIBUNAL DE COMMERCE DE BAYONNE 7519 - 414296673 RCS. KABEL FRANCE. Forme : Société à responsabilité limitée. Adresse : 9 avenue Garris 64120 Saint-Palais. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
11/09/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6864 - 414296673 RCS. KABEL FRANCE. Forme : Société à responsabilité limitée. Adresse : 41-43 rue de Cronstadt 75015 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
27/08/2008	Bodacc B	Modification et mutation diverse
64 - PYRENEES-ATLANTIQUES GREFFE DU TRIBUNAL DE COMMERCE DE BAYONNE 1272 - 414 296 673 RCS Bayonne. KABEL FRANCE. Forme : Société à responsabilité limitée. Adresse du siège social : 9 avenue Garris, 64120 Saint-Palais. Commentaires : Transfert du siège social.
06/10/2006	Bodacc C	Avis de dépôt des comptes
2392 - RCS Paris B 414 296 673. RC 97-B 14955. KABEL FRANCE. Forme: S.A.R.L.. Adresse du siège social: 41-43, R de Cronstadt,Paris, 75015 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
07/10/2005	Bodacc C	Avis de dépôt des comptes
2591 - RCS Paris B 414 296 673. RC 97-B 14955. KABEL FRANCE. Forme: S.A.R.L.. Adresse du siège social: 41, 43, R de Cronstadt,Paris, 75015 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
04/06/2002	Bodacc B	Modifications et mutations diverses
RCS Paris B 414296673 RC 97-B 14955 KABEL FRANCE. Forme : S.A.R.L. Capital : 7 623 euros. Adresse du siège social : 41- 43 rue de Cronstadt, 75015 Paris. Commentaires : modification survenue sur le capital (augmentation), l'adresse du siège social, l'adresse de l' établissement principal et l' administration. Administration : gérant partant : MASCARENHAS (Richard, Albert). Nomination du gérant : MASCARENHAS ( Albert, Thomas) Etablissement principal: Adresse : 41-43 rue de Cronstadt, 75015 Paris.
20/11/1997	Bodacc A	Création d'établissement
RCS *. RCS Paris B 414 296 673 RC RC 97- B 14955 KABEL FRANCE. Forme : S.A.R.L. Capital : 50 000 F. Activité : représentation commerciale d' entreprises de cables. Adresse du siège social : 44, rue Saint-Lambert 75015 Paris. Administration : gérant : MASCARENHAS (Richard, Albert) Cette société se constitue Date de début d' activité: 22 octobre 1997.

Company events history

Date	Description
20/09/2011	Bodacc C : Deposit accounts notice
31/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
10/09/2010	Bodacc C : Deposit accounts notice
25/06/2010	Bodacc B: Various editing or changing
03/06/2010	Updated articles of association
03/06/2010	Registered office transferred inside jurisdiction of the Commercial Court
03/06/2010	Minutes of general meeting of shareholders
05/05/2010	Legal Gazette: Head Office Transfer
08/03/2010	Update of Company Head Office Identifier
08/03/2010	Transfer of Establishment
31/12/2009	New accounts available
03/09/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
29/12/2008	Donation/partition
29/12/2008	Updated articles of association
29/12/2008	Office copy
11/09/2008	Bodacc C : Deposit accounts notice
27/08/2008	Bodacc B: Various editing or changing
27/08/2008	New Bodacc B ads detected
13/08/2008	Registered office transferred inside jurisdiction of the Commercial Court
13/08/2008	Secondary registration becomes main registration
13/08/2008	Updated articles of association
13/08/2008	Minutes of general meeting of shareholders
13/08/2008	Private document
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
17/05/2002	Transfert du Siège dans le ressort du Tribunal de Commerce
17/05/2002	PV d'Assemblée
17/05/2002	Augmentation de Capital
17/05/2002	Conversion du Capital Social en Euros
17/05/2002	Statuts mis à jour
17/05/2002	Changement de Gérant
17/05/2002	Cession de parts
17/05/2002	Acte sous seing privé
17/05/2002	Nomination/démission des organes de gestion
03/11/1997	Certificat de dépôt des fonds
03/11/1997	Acte sous seing privé
03/11/1997	Formation de Société
03/11/1997	Statuts

Establishment events history

Date	Description
31/08/2011	Update Limit
28/06/2011	Update of phone numbers
25/04/2011	Update Rating
17/08/2010	Update Limit
17/08/2010	Update Rating
08/03/2010	Formation of Head office (after transfer)

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.73
UK Pound	1	Rs.87.26
Euro	1	Rs.69.84

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.