MIRA INFORM REPORT

Report Date :

19.10.2012

IDENTIFICATION DETAILS

Name :	ROSILIO MACHINES OUTILS
Registered Office :	3 Rue De Valenton, 94700 Maisons Alfort
Country :	France
Financials (as on) :	30.09.2011
Date of Incorporation :	September 1984
Com. Reg. No.:	RCS Creteil B 330 668 179
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesaler of machine tools
No. of Employees :	10 to 19 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 :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
France	A2	A2

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

france - ECONOMIC OVERVIEW

France was transitioning from an economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms but is in the midst of a euro-zone crisis. The government has partially or fully privatized many large companies, banks, and insurers, and has ceded stakes in such leading firms as Air France, France Telecom, Renault, and Thales. It maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 75 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011. The unemployment rate increased from 7.4% in 2008 to 9.3% in 2010 and 9.1% in 2011. Lower-than-expected growth and increased unemployment have cut government revenues and increased borrowing costs, contributing to a deterioration of France's public finances. The government budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 5.8% of GDP in 2011, while France's public debt rose from 68% of GDP to 86% over the same period. Under President SARKOZY, Paris implemented austerity measures that eliminated tax credits and froze most government spending in an effort to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt levels. Socialist Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, as well as measures such as forcing banks to separate their traditional deposit taking and lending activities from more speculative businesses, increasing taxes on bank profits, introducing a new top bracket on income taxes for people earning over €1 million ($1.3 million) a year, and hiring an additional 60,000 civil servants during his five-year term of office.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Name

ROSILIO MACHINES OUTILS

SIRET

330 668 179 00022

company summary

Trade name	ELIPS	Acronym	RMO
Activity (APE)	Commerce de gros (commerce interentreprises) de machines-outils (4662Z) (Wholesale (intercompany trade) of machine tools (4662Z))	Legal form	Simplified joint stock company
Phone	01 43 86 88 66	RCS Registration	RCS Creteil B 330 668 179
Fax		Share capital	320,000 Euros
Address	ROSILIO MACHINES OUTILS RMO 3 RUE DE VALENTON 94700 MAISONS ALFORT	Incorporated Date	09/1984
Nationality	France	Status	Economically active
Operating Address	#27/35 Rue Louis Armand Z A Pres De-I’Hospital 94194 Villeneuve Saint Georges Ceded, France

DIRECTORS/MANAGEMENT

Current Directors

1

Directors

Name	M. ROSILIO RONEN
Manager position	Président du conseil d'administration	Date of birth
Place of birth
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

N/a

PAYMENT INFORMATION

N/a

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

This company is not identified as one of the biggest french chip.

Linkages

This company is not identified as one of the biggest french chip.

FINANCIAL INFORMATION

Trading to Date	09/30/2011	09/30/2010	09/30/2009
Turnover	5,756,867 €	3,434,886 €	4,608,969 €
Gross Operating Surplus	5,14 % Turnover	3,88 % Turnover	4,19 % Turnover
Shareholders’ equity	1,570,636 €	1,706,410 €	1,802,527 €
Net result	206,226 €	119,883 €	216,703 €

Trends
Profitability
Liquidity
Net worth

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/09/2011	30/09/2010	30/09/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	19/04/2012	18/04/2011	19/03/2010
Activity Code	4662Z	4662Z	4662Z
Employees	0	0	0

Active account

Annual Accounts	30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	32 855	-35,2%	50 725	-35,2%	78 266	28 476	15,4%
- Intangible assets	0	0%	0	0%	0	0	0%
- Tangible assets	32 855	-35,2%	50 725	-35,2%	78 266	10 667	208,0%
- Financial assets	0	0%	0	0%	0	900	0%
Net current assets	2 600 418	6,0%	2 452 838	-12,9%	2 816 050	392 011	563,4%
- Stocks	990 762	2,4%	967 768	-46,8%	1 817 883	81 293	1118,8%
- Advanced payments	25 221	6,0%	0	0%	4 717	0	0%
- Receivables	1 143 017	27,6%	895 490	49,4%	599 549	141 006	710,6%
- Securities and cash	441 418	-25,1%	589 580	49,7%	393 901	75 584	484,0%
- Prepaid expenses	-	-	-	-	-	457	-
Accounts of regularization	0	0%	28 432	29,4%	21 978	0	0%
Total Assets	2 633 272	4,0%	2 531 995	-13,2%	2 916 295	439 651	498,9%

Passive Account

Annual Accounts	30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Shareholders' equity	1 570 636	-8,0%	1 706 410	-5,3%	1 802 527	149 304	952,0%
Share capital	320 000	0%	320 000	0%	320 000	38 112	739,6%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	28 432	1,0%	28 160	0	0%
Liabilities	1 042 040	30,7%	797 153	-26,6%	1 085 608	231 982	349,2%
- Financial liabilities	165	-48,1%	318	-99,9%	466 956	19 894	-99,2%
- Advanced payments received	11 960	0%	0	0%	14 080	0	0%
- Trade account payables	762 370	35,1%	564 192	21,6%	463 920	84 746	799,6%
- Tax and social liabilities	244 012	31,1%	186 160	70,9%	108 932	63 412	284,8%
- Other debts and fixed assets liabilities	44 129	53,0%	28 839	-9,1%	31 720	2 658	1560,2%
Account regularization	0	0%	17 642	0%	0	0	0%
Total liabilities	2 633 273	4,0%	2 531 995	-13,2%	2 916 295	439 651	498,9%

Results

Annual Accounts	30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Sales of Goods	5 799 515	66,2%	3 490 410	-24,8%	4 643 689	785 182	638,6%
Net turnover	5 756 867	67,6%	3 434 886	-25,5%	4 608 969	771 084	646,6%
- of which net export turnover	474 495	0%	0	0%	688 879	3 000	15716,5%
Operating charges	5 492 682	63,9%	3 350 219	-25,4%	4 489 570	729 365	653,1%
Operating profit/loss	306 833	118,9%	140 191	-9,0%	154 119	27 614	1011,2%
Financial income	67 409	40,1%	48 105	-4,4%	50 305	128	52563,3%
Financial charges	52 900	123,6%	23 660	-59,0%	57 659	1 144	4524,1%
Financial profit/loss	14 509	-40,6%	24 445	432,4%	-7 354	-194	7578,9%
Pretax net operating income	321 342	95,2%	164 636	12,2%	146 765	25 553	1157,6%
Extraordinary income	2 193	-96,8%	68 295	-51,8%	141 612	418	424,6%
Extraordinary charges	3 373	-94,7%	64 100	837,5%	6 837	301	1020,6%
Extraordinary profit/loss	-1 180	4816,0%	4 195	-96,9%	134 775	0	0%
Net result	206 226	72,0%	119 883	-44,7%	216 703	23 331	783,9%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/09/2011	30/09/2010	30/09/2009
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

		30/09/2011		30/09/2010		30/09/2009
Grand Total (I to VI)	Net	2 633 272	4,0%	2 531 995	-13,2%	2 916 295
Gross	CO	3 462 297	3,1%	3 356 890	-11,5%	3 791 637
Amortisation	1A	829 025	0,5%	824 895	-5,8%	875 342

Non declared distributed capital (I)

		30/09/2011		30/09/2010		30/09/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		30/09/2011		30/09/2010		30/09/2009
Total Active fixed asset (II)	Net	32 855	-35,2%	50 725	-35,2%	78 266
Gross	BJ	798 531	1,8%	784 489	-3,2%	810 297
Amortisation	BK	765 676	4,3%	733 764	0,2%	732 031

Intangilble fixed assets

			30/09/2011		30/09/2010		30/09/2009
	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	0	0%	0	0%	0
	Gross	AF	1 014	0%	1 014	0%	1 014
	Amortisation	AG	1 014	0%	1 014	0%	1 014
	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	0	0%	0	0%	0

Tangilble fixed assets

		30/09/2011		30/09/2010		30/09/2009
Lands	Net	0	0%	0	0%	0
Gross	AN	0	0%	0	0%	0
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	3 289	-10,3%	3 668	0%	0
Gross	AP	605 414	0%	605 414	0,6%	601 622
Amortisation	AQ	602 125	0,1%	601 746	0,0%	601 622
Plant	Net	9 262	-66,9%	27 976	-39,0%	45 896
Gross	AR	79 706	0%	79 706	0%	79 706
Amortisation	AS	70 444	36,2%	51 730	53,0%	33 810
Other tangible fixed assets	Net	20 304	6,4%	19 081	-41,1%	32 370
Gross	AT	112 397	14,3%	98 355	0%	98 355
Amortisation	AU	92 093	16,2%	79 274	20,1%	65 985
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	32 855		50 725		78 266

Financial assets

			30/09/2011		30/09/2010		30/09/2009
	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%	29 600
	Amortisation	CV	0	0%	0	0%	29 600
	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	0	0%	0	0%	0
	Gross	BH	0	0%	0	0%	0
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		0		0		0

Current Assets (III)

		30/09/2011		30/09/2010		30/09/2009
Total Assets	Net	2 600 418	6,0%	2 452 838	-12,9%	2 816 050
Gross	CJ	2 663 767	4,7%	2 543 969	-14,0%	2 959 361
Amortisation	CK	63 349	-30,5%	91 131	-36,4%	143 311

Stocks

		30/09/2011		30/09/2010		30/09/2009
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	990 762	2,4%	967 768	-46,8%	1 817 883
Gross	BT	1 054 111	-0,5%	1 058 899	-45,0%	1 926 817
Amortisation	BU	63 349	-30,5%	91 131	-16,3%	108 934
Sub Total Stocks	Net	990 762	2,4%	967 768	-46,8%	1 817 883

Advance payments to suppliers

		30/09/2011		30/09/2010		30/09/2009
Advance payments to suppliers	Net	25 221	0%	0	0%	4 717
Gross	BV	25 221	0%	0	0%	4 717
Amortisation	BW	0	0%	0	0%	0

Debtors

		30/09/2011		30/09/2010		30/09/2009
Trade accounts receivable	Net	1 048 961	30,0%	806 733	83,9%	438 722
Gross	BX	1 048 961	30,0%	806 733	83,9%	438 722
Amortisation	BY	0	0%	0	0%	0
Other debtors	Net	69 599	-17,2%	84 083	-45,2%	153 381
Gross	BZ	69 599	-17,2%	84 083	-55,2%	187 758
Amortisation	CA	0	0%	0	0%	34 377
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	1 118 560	25,6%	890 816	50,4%	592 103

Divers

		30/09/2011		30/09/2010		30/09/2009
Investment securities	Net	76	0%	76	0%	76
Gross	CD	76	0%	76	0%	76
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	441 342	-25,1%	589 504	49,7%	393 825
Gross	CF	441 342	-25,1%	589 504	49,7%	393 825
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	441 418	-25,1%	589 580	49,7%	393 901

Prepaid expenses

		30/09/2011		30/09/2010		30/09/2009
Prepaid expenses	Net	24 457	423,3%	4 674	-37,2%	7 446
Gross	CH	24 457	423,3%	4 674	-37,2%	7 446
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/09/2011		30/09/2010		30/09/2009
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	28 432	29,4%	21 978
Gross		0	0%	28 432	29,4%	21 978

References

		30/09/2011		30/09/2010		30/09/2009
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)

		30/09/2011		30/09/2010		30/09/2009
Grand Total (I to V)	EE	2 633 273	4,0%	2 531 995	-13,2%	2 916 295

Shareholder Equity (I)

		30/09/2011		30/09/2010		30/09/2009
Total shareholders' equity (Total I)	DL	1 570 636	-8,0%	1 706 410	-5,3%	1 802 527
Equity and shareholders' equity	DA	320 000	0%	320 000	0%	320 000
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	32 000	0%	32 000	0%	32 000
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	1 012 410	-17,9%	1 233 000	0%	1 233 000
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	0	0%	1 527	85,3%	824
Profit or loss for the period	DI	206 226	72,0%	119 883	-44,7%	216 703
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		30/09/2011		30/09/2010		30/09/2009
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)

		30/09/2011		30/09/2010		30/09/2009
Total provisions for risks and charges (Total III)	DR	0	0%	28 432	1,0%	28 160
Risk provisions	DP	0	0%	28 432	1,0%	28 160
Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		30/09/2011		30/09/2010		30/09/2009
Total Liabilities (Total IV)	EC	1 042 040	30,7%	797 153	-26,6%	1 085 608
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	165	-48,1%	318	-99,9%	380 891
Sundry loans and financial liabilities	DV	0	0%	0	0%	86 065
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	11 960	0%	0	0%	14 080
Trade accounts payables	DX	762 370	35,1%	564 192	21,6%	463 920
Tax and social security liabilities	DY	244 012	31,1%	186 160	70,9%	108 932
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	23 533	-18,4%	28 839	-9,1%	31 720

Translation loss (V)

		30/09/2011		30/09/2010		30/09/2009
Translation loss (Total V)	ED	20 596	0%	0	0%	0

Equalization accounts

		30/09/2011		30/09/2010		30/09/2009
Deferred income	EB	0	0%	17 642	0%	0

References

		30/09/2011		30/09/2010		30/09/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	1 030 080	0%	0	0%	0
Of which current bank facilities	EH	165	-48,1%	318	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		30/09/2011		30/09/2010		30/09/2009
Operating result (Total I-II)	GG	306 833	118,9%	140 191	-9,0%	154 119

2 - Financial result (V - VI)

		30/09/2011		30/09/2010		30/09/2009
Financial result (Total V-VI)	GV	14 509	-40,6%	24 445	432,4%	-7 354

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

		30/09/2011		30/09/2010		30/09/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	321 342	95,2%	164 636	12,2%	146 765

4 - Extraordinary result (VII-VIII)

		30/09/2011		30/09/2010		30/09/2009
Extraordinary result (Total VII-VIII)	HI	-1 180	-128,1%	4 195	-96,9%	134 775

Profit or loss

		30/09/2011		30/09/2010		30/09/2009
Profit or loss	HN	206 226	72,0%	119 883	-44,7%	216 703

Total Income (I+III+V+VII)

		30/09/2011		30/09/2010		30/09/2009
Total Income (I+III+V+VII)	HL	5 869 117	62,7%	3 606 810	-25,4%	4 835 606

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

		30/09/2011		30/09/2010		30/09/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	5 662 893	62,4%	3 486 928	-24,5%	4 618 904

Operating income (I)

		30/09/2011		30/09/2010		30/09/2009
Total operating income (Total I)	FR	5 799 515	66,2%	3 490 410	-24,8%	4 643 689

Operating income (details)

			30/09/2011		30/09/2010		30/09/2009
	Sale of goods for resale	FC	5 592 542	69,8%	3 294 531	-26,7%	4 494 952
	France	FA	5 149 728	56,3%	3 294 531	-14,8%	3 866 845
	Export	FB	442 814	0%	0	0%	628 107
	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	164 325	17,1%	140 355	23,1%	114 017
	France	FG	132 644	-5,5%	140 355	163,6%	53 245
	Export	FH	31 681	0%	0	0%	60 772
	Net turnover	FL	5 756 867	67,6%	3 434 886	-25,5%	4 608 969
	France	FJ	5 282 372	53,8%	3 434 886	-12,4%	3 920 090
	Export	FK	474 495	0%	0	0%	688 879
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	2 166
	Release of reserves and provisions	FP	42 208	-18,4%	51 751	64,5%	31 451
	Other income	FQ	440	-88,3%	3 773	242,1%	1 103

Operating charges (II)

		30/09/2011		30/09/2010		30/09/2009
Total operating charges (Total II)	GF	5 492 682	63,9%	3 350 219	-25,4%	4 489 570

Exploitation charges

		30/09/2011		30/09/2010		30/09/2009
Purchase of goods for resale	FS	3 894 342	195,2%	1 319 011	-61,5%	3 430 128
Change in stocks of goods for resale	FT	4 788	-99,4%	867 919	268,4%	-515 540
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	1 148 801	57,5%	729 300	-16,0%	868 221
Tax, duty and similar payments	FX	31 715	1,9%	31 137	-34,8%	47 732
Payroll	FY	277 273	5,0%	264 132	-38,8%	431 797
Social security costs	FZ	103 837	15,3%	90 068	-42,1%	155 624

Depreciation

		30/09/2011		30/09/2010		30/09/2009
Depreciation of fixed assets	GA	31 912	1,8%	31 333	39,3%	22 501
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	17 248	-64,8%	49 016
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		30/09/2011		30/09/2010		30/09/2009
Other charges	GE	14	-80,3%	71	-22,0%	91

Operating charges (III-IV)

		30/09/2011		30/09/2010		30/09/2009
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)

			30/09/2011		30/09/2010		30/09/2009
	Total financial income (Total V)	GP	67 409	40,1%	48 105	-4,4%	50 305
	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	2 136	34,4%	1 589	-82,7%	9 170
	Released provisions and transferred charges	GM	28 432	0%	0	0%	0
	Exchange gains	GN	35 557	-23,2%	46 296	12,5%	41 135
	Net income from disposal of investment securities	GO	1 284	483,6%	220	0%	0

Financial Charge (VI)

			30/09/2011		30/09/2010		30/09/2009
	Total financial charge (Total VI)	GU	52 900	123,6%	23 660	-59,0%	57 659
	Financial reserves and provisions	GQ	0	0%	6 454	-77,9%	29 196
	Interest and similar charges	GR	0	0%	0	0%	0
	Exchange losses	GS	52 900	207,5%	17 206	-39,5%	28 463
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			30/09/2011		30/09/2010		30/09/2009
	Total extraordinary income (Total VII)	HD	2 193	-96,8%	68 295	-51,8%	141 612
	Extraordinary operating income	HA	2 193	-49,2%	4 318	-94,4%	77 125
	Extraordinary income from capital transactions	HB	0	0%	0	0%	669
	Released provisions and transferred charges	HC	0	0%	63 977	0,2%	63 818

Extraordinary charges (VIII)

			30/09/2011		30/09/2010		30/09/2009
	Total extraordinary charges (Total VIII)	HH	3 373	-94,7%	64 100	837,5%	6 837
	Extraordinary operating charges	HE	3 373	2642,3%	123	-98,2%	6 837
	Extraordinary charges from capital transactions	HF	0	0%	63 977	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		30/09/2011		30/09/2010		30/09/2009
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		30/09/2011		30/09/2010		30/09/2009
Tax on profits (Total X)	HK	113 938	132,8%	48 949	-24,5%	64 838

References

		30/09/2011		30/09/2010		30/09/2009
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	14 425	37,1%	10 519	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			30/09/2011		30/09/2010		30/09/2009
	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%	29 600	104,1%	14 500
	Gross value at the end of period	OL	798 530	1,8%	784 488	-3,2%	810 297

Research and development Charge (Total I)

			30/09/2011		30/09/2010		30/09/2009
	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)

			30/09/2011		30/09/2010		30/09/2009
	Gross value at begin of period	KD	1 014	0%	1 014	0,1%	1 013
	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	1 014	0%	1 014	0,1%	1 013

Tangible fixed assets (Total III)

			30/09/2011		30/09/2010		30/09/2009
	Gross value at begin of period	LN	783 475	0,5%	779 684	6,3%	733 723
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	14 042	270,4%	3 791	-93,3%	56 647
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	10 688
	Gross value at the end of period	NH	797 517	1,8%	783 475	0,5%	779 682

Fiancial assets (Total IV)

			30/09/2011		30/09/2010		30/09/2009
	Gross value at begin of period	LQ	0	0%	29 600	-11,4%	33 411
	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%	29 600	676,7%	3 811
	Gross value at the end of period	NK	0	0%	0	0%	29 600

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

			30/09/2011		30/09/2010		30/09/2009
	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)

			30/09/2011		30/09/2010		30/09/2009
	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)

			30/09/2011		30/09/2010		30/09/2009
	Reserve for depreciation value at begin of period	PE	1 014	0%	1 014	0%	1 014
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	1 014	0%	1 014	0%	1 014

Total fixed assets amotisation (Total III)

			30/09/2011		30/09/2010		30/09/2009
	Reserve for depreciation value at begin of period	QU	732 750	4,5%	701 417	1,7%	689 606
Increases		QV	31 911	1,8%	31 333	39,3%	22 501
Decreases		QW	0	0%	0	0%	10 689
	Decreasess by budget item transfer	QX	764 661	4,4%	732 750	4,5%	701 418

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

			30/09/2011		30/09/2010		30/09/2009
	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

			30/09/2011		30/09/2010		30/09/2009
	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)

			30/09/2011		30/09/2010		30/09/2009
	Value at begining of period	7C	119 564	-40,5%	201 071	-5,4%	212 536
Increases		UB	0	0%	23 701	-69,7%	78 212
Decreases		UC	56 215	-46,6%	105 209	17,3%	89 676
	Value at the end of period	UD	63 349	-47,0%	119 563	-40,5%	201 072

Includes Total allocations

Operating	UE	0	0%	0	0%	49 016
Financial	UG	0	0%	0	0%	29 195
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	27 782	0%	0	0%	25 859
Financial	UH	28 432	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	63 817

Total regulated provisions (Total I)

			30/09/2011		30/09/2010		30/09/2009
	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)

				30/09/2011		30/09/2010		30/09/2009
	Value at begining of period		5Z	28 431	1,0%	28 159	-59,8%	70 000
Increases			TV	0	0%	6 454	-70,6%	21 978
Decreases			TW	28 431	359,9%	6 182	-90,3%	63 818
		Value at the end of period	TX	0	0%	28 431	1,0%	28 160

Total Provision for depreciation (Total III)

			30/09/2011		30/09/2010		30/09/2009
	Value at begining of period	7B	91 131	-47,3%	172 910	21,3%	142 536
Increases		TY	0	0%	17 247	-69,3%	56 233
Decreases		TZ	27 782	-71,9%	99 026	282,9%	25 859
	Value at the end of period	UA	63 349	-30,5%	91 131	-47,3%	172 910

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

		30/09/2011		30/09/2010		30/09/2009
Gross value	VT	1 143 017	27,6%	895 490	41,3%	633 926
1 year at most	VU	1 143 017	27,6%	895 490	41,3%	633 926
More than one year	VV	0	0%	0	0%	0

State of loans

		30/09/2011		30/09/2010		30/09/2009
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

		30/09/2011		30/09/2010		30/09/2009
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	1 048 961	30,0%	806 733	83,9%	438 722
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%	22 778	-83,3%	136 442
Value added tax	VB	28 970	145,3%	11 810	-30,3%	16 939
Other taxes and payments assimilated	VN	0	0%	3 135	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	40 628	-12,4%	46 360	34,9%	34 377
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	0

Prepaid

		30/09/2011		30/09/2010		30/09/2009
Prepaid	VS	24 457	423,3%	4 674	-37,2%	7 445

State Debt

			30/09/2011		30/09/2010		30/09/2009
	Total debt (gross)	VY	1 030 080	29,2%	797 152	-25,6%	1 071 527
1 year at most		VZ2	1 030 080	29,2%	797 152	-25,6%	1 071 527
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

			30/09/2011		30/09/2010		30/09/2009
	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	165	-48,1%	318	-99,9%	380 891
1 year at most		VG2	165	-48,1%	318	-99,9%	380 891
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	762 370	35,1%	564 192	21,6%	463 920
1 year at most		8B2	762 370	35,1%	564 192	21,6%	463 920
More than 1 year and 5 years at most		8B3	762 370	35,1%	564 192	21,6%	463 920
	Personnel and associated accounts (gross)	8C1	3 212	-84,2%	20 309	-37,3%	32 399
1 year at most		8C2	3 212	-84,2%	20 309	-37,3%	32 399
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	37 916	15,3%	32 897	-33,3%	49 341
1 year at most		8D2	37 916	15,3%	32 897	-33,3%	49 341
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	58 190	0%	0	0%	0
1 year at most		8E2	58 190	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	120 386	4,3%	115 477	5318,9%	2 131
1 year at most		VW2	120 386	4,3%	115 477	5318,9%	2 131
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	24 306	39,1%	17 477	-30,3%	25 060
1 year at most		VQ2	24 306	39,1%	17 477	-30,3%	25 060
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%	86 065
1 year at most		VI2	0	0%	0	0%	86 065
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	23 532	-18,4%	28 839	-9,1%	31 720
1 year at most		8K2	23 532	-18,4%	28 839	-9,1%	31 720
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%	17 642	0%	0
1 year at most		8L2	0	0%	17 642	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		30/09/2011		30/09/2010		30/09/2009
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

		30/09/2011		30/09/2010		30/09/2009
Dividends	ZE	0	0%	0	0%	0

Commitments

		30/09/2011		30/09/2010		30/09/2009
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

		30/09/2011		30/09/2010		30/09/2009
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

		30/09/2011		30/09/2010		30/09/2009
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

		30/09/2011		30/09/2010		30/09/2009
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

		30/09/2011		30/09/2010		30/09/2009
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		30/09/2011		30/09/2010		30/09/2009
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

		30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Fixed Asset Financing		2,93	-7,0%	3,15	-15,8%	3,74	3,24	-9,6%
Global Debt		65 days	-22,6%	84 days	-1,2%	85 days	105 days	-38,1%
Working Capital Fund overall net		96 days	-45,8%	177 days	2,3%	173 days	84,50 days	13,6%
Financial independence		951900,61%	77,4%	536606,92%	113290,0%	473,24%	1225,67%	77563,7%
More ratios
Solvability		59,65%	-11,5%	67,39%	9,0%	61,81%	39,88%	49,6%
Capacity debt futures		951900,61%	77,4%	536606,92%	113290,0%	473,24%	4312,50%	21973,1%
Coverage of current assets by net working capital overall		58,26%	-12,2%	66,32%	-11,8%	75,18%	45,46%	28,2%
General Liquidity		1,11	-0,9%	1,12	89,8%	0,59	0,77	44,2%
Restricted Liquidity		1,54	-17,2%	1,86	93,8%	0,96	1,32	16,7%

Management or rotation

		30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Need background in operating working capital		68 days	-39,8%	113 days	-19,3%	140 days	30 days	126,7%
Treasury		28 days	-54,8%	62 days	100%	31 days	27 days	3,7%
Inventory turnover of goods		97 days	-44,3%	174 days	-26,9%	238 days	69 days	40,6%
Average length of credit granted to customers		66 days	-22,4%	85 days	150,0%	34 days	65 days	1,5%
Average length of credit obtained suppliers		54 days	-22,9%	70 days	59,1%	44 days	57 days	-5,3%
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	-	days	-	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1422,50 days	-
Rotation tangible assets		721,85%	64,6%	438,42%	-25,8%	591,13%	1404,73%	-48,6%

Profitability of the business

		30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Margin trading		29,42%	-8,8%	32,25%	-5,9%	34,29	25,12%	17,1%
Profitability of the business		5,14	32,5%	3,88	-7,4%	4,19	4,40%	16,8%
Net profit		3,58%	2,6%	3,49%	-25,7%	4,70%	2,69%	33,1%
More ratios
Growth rate of turnover (excluding VAT)		67,60%	365,4%	-25,47%	34,5%	-38,88%	13,08%	416,8%
Rates integration		12,31%	-18,5%	15,10%	-15,8%	17,93%	21,54%	-42,9%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		53,76%	-21,3%	68,29%	-4,0%	71,10%	71,83%	-25,2%
Weight interests		0,92	33,3%	0,69%	-44,8%	1,25%	0,16%	475,0%

Return on capital

		30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Cash flow from the overall profitability		3,16%	-51,0%	6,45%	67,1%	3,86%	3,29%	-4,0%
Rates of economic profitability		19%	137,5%	8%	-11,1%	9%	15%	26,7%
Financial profitability		1570636%	-8,0%	1706410%	-5,3%	1802527%	137442%	1042,8%
Return on investment		16,50%	96,2%	8,41%	-30,4%	12,09%	10,90%	51,4%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Turnover	5 756 867	67,6%	3 434 886	-25,5%	4 608 969	771 084 €	646,6%

Sales of goods	5 592 542	69,8%	3 294 531	-26,7%	4 494 952
- Purchase of goods	3 894 342	195,2%	1 319 011	-61,5%	3 430 128
+/- Stock of goods variation	4 788	-99,4%	867 919	268,4%	-515 540
Trading margin	1 693 412 €	52,9%	1 107 601 €	-29,9%	1 580 364 €	167 358 €	911,9%
	29,42 % CA	-8,8%	32,25 % CA	-5,9%	34,29 % CA	25,72 % CA	14,4%

Sale of goods produced	164 325	17,1%	140 355	23,1%	114 017
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	164 325 €	17,1%	140 355 €	23,1%	114 017 €	79 483 €	106,7%
	2,85 % CA	-30,3%	4,09 % CA	65,6%	2,47 % CA	8,48 % CA	-66,4%

Trading margin	1 693 412	52,9%	1 107 601	-29,9%	1 580 364	167 358	911,9%
+ Period Production	164 325	17,1%	140 355	23,1%	114 017	79 483	106,7%
- 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	1 148 801	57,5%	729 300	-16,0%	868 221
Added value	708 936 €	36,7%	518 656 €	-37,2%	826 160 €	174 318 €	306,7%
	12,31 % CA	-18,5%	15,10 % CA	-15,8%	17,93 % CA	21,54 % CA	-42,9%

Added value	708 936 €	36,7%	518 656 €	-37,2%	826 160 €	174 318 €	306,7%
+ Operating grants	0	0%	0	0%	2 166
- Tax, duty and similar payments	31 715	1,9%	31 137	-34,8%	47 732
- Personal charges	381 110	7,6%	354 200	-39,7%	587 421
Gross operating surplus	296 111 €	122,1%	133 319 €	-31,0%	193 173 €	31 438 €	841,9%
	5,14 % CA	32,5%	3,88 % CA	-7,4%	4,19 % CA	4,40 % CA	16,8%

Gross operating surplus	296 111 €	122,1%	133 319 €	-31,0%	193 173 €	31 438 €	841,9%
+ Release of reserves and provisions	42 208	-18,4%	51 751	64,5%	31 451
+ Other operating income	440	-88,3%	3 773	242,1%	1 103
- Depreciation/Amortisation	31 912	-34,3%	48 581	-32,1%	71 517
- Other charges	14	-80,3%	71	-22,0%	91
Operating result	306 833 €	118,9%	140 191 €	-9,0%	154 119 €	27 614 €	1011,2%
	5,33 % CA	30,6%	4,08 % CA	22,2%	3,34 % CA	3,42 % CA	55,8%

Operating result	306 833 €	118,9%	140 191 €	-9,0%	154 119 €	27 614 €	1011,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	67 409	40,1%	48 105	-4,4%	50 305
- Financial charges	52 900	123,6%	23 660	-59,0%	57 659
Pre-tax result	321 342 €	95,2%	164 636 €	12,2%	146 765 €	25 016 €	1184,5%
	5,58 % CA	16,5%	4,79 % CA	50,6%	3,18 % CA	3,42 % CA	63,2%

Extraordinary income	2 193	-96,8%	68 295	-51,8%	141 612	418	424,6%
- Extraordinary charges	3 373	-94,7%	64 100	837,5%	6 837
Extraordinary result	-1 180 €	-128,1%	4 195 €	-96,9%	134 775 €	0 €	0%
	-0,02 % CA	-116,7%	0,12 % CA	-95,9%	3 % CA	0 % CA	0%

Pre-tax result	321 342 €	95,2%	164 636 €	12,2%	146 765 €	25 016 €	1184,5%
Extraordinary result	-1 180 €	-128,1%	4 195 €	-96,9%	134 775 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	113 938	132,8%	48 949	-24,5%	64 838
Net result	206 224 €	72,0%	119 882 €	-44,7%	216 702 €	23 147 €	790,9%
	3,58 % CA	2,6%	3,49 % CA	-25,7%	4,70 % CA	2,65 % CA	35,1%

ADDITIONAL INFORMATION

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) de machines-outils (4662Z)	Activity (APRM)	Fabrication de machines-outils pour le travail des métaux.
RCS Registration	RCS Creteil B 330 668 179	Share capital	320,000 Euros
Registration Court	Creteil (94)	Legal form	Simplified joint stock company
Court Registry Number	86 B 25744	EU VAT Number	FR02330668179
Incorporation Date	09/1984	Formation Date	09/1984
Deregistration Date		Last account Date	30/09/2011
Nationality	France

Establishment details

Trade name	ELIPS	Acronym	RMO
Activity (APE)	Fabrication de machines-outils pour le travail des métaux (2841Z)	Business Pages FT®
Postal Address	ROSILIO MACHINES OUTILS RMO 3 RUE DE VALENTON 94700 MAISONS ALFORT	Trading Address	3 RUE DE VALENTON 94700 MAISONS ALFORT
Telephone	01 43 86 88 66
Fax

Type	Head office	Status	Economically active
Formation Date	01/1987	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Val-de-Marne (94)	Region	Ile-de-France
District	1	Area	96
City	MAISONS ALFORT	Size of urban area	Paris conglomeration

Other establishments

Branches	2 branch entities in this company
Head office	> ROSILIO MACHINES OUTILS <<<  - Commerce de gros (commerce interentreprises) de machines-outils (4662Z)  in MAISONS ALFORT  (94700)
Secondary establishments	>  ROSILIO MACHINES OUTILS  - Commerce de gros (commerce interentreprises) de machines-outils (4662Z)  in VILLENEUVE SAINT GEORGES  (94190)

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

10 to 19 employees

Event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
23/04/2012	Bodacc C	Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRÉTEIL 15070 - 330668179 RCS. ROSILIO MACHINES OUTILS (R. M. O. ). Forme : Société par actions simplifiée. Adresse : 3 rue de Valenton 94700 Maisons-Alfort. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2011.
11/05/2011	Bodacc C	Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRÉTEIL 13018 - 330668179 RCS. ROSILIO MACHINES OUTILS (R. M. O. ). Forme : Société par actions simplifiée. Adresse : 3 rue de Valenton 94700 Maisons-Alfort. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2010.
12/04/2010	Bodacc C	Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL 11535 - 330668179 RCS. ROSILIO MACHINES OUTILS (R. M. O. ). Forme : Société par actions simplifiée. Adresse : 3 rue de Valenton 94700 Maisons-Alfort. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2009.
03/04/2009	Bodacc C	Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL 11578 - 330668179 RCS. ROSILIO MACHINES OUTILS (R. M. O. ). Forme : Société par actions simplifiée. Adresse : 3 rue de Valenton 94700 Maisons-Alfort. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2008.
24/04/2008	Bodacc C	Comptes annuels et rapports
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL 9147 - 330668179 RCS. ROSILIO MACHINES OUTILS (R. M. O. ). Forme : Société par actions simplifiée. Adresse : 3 rue de Valenton 94700 Maisons-Alfort. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2007.
23/06/2007	Bodacc C	Avis de dépôt des comptes
8397 - Créteil B 330 668 179. RC 86-B 25744. ROSILIO MACHINES OUTILS (R.M.O.). Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 3, rue de Valenton,94700 Maisons-Alfort. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2006.
13/05/2007	Bodacc B	Modifications et mutations diverses
2712 - RCS Créteil B 330 668 179. RC 86-B 25744. ROSILIO MACHINES-OUTILS - R.M.-O. Forme : S.A.S. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : SOCIETE FCH LE GUEN BOVIS & ASSOCIES. Nomination d'un commissaire aux comptes titulaire : PRIMAUDIT INTERNATIONAL.
19/05/2006	Bodacc C	Avis de dépôt des comptes
4558 - RCS Créteil B 330 668 179. RC 86-B 25744. ROSILIO MACHINES OUTILS (R.M.O.). Forme: SOCIETE PAR ACTIONS SIMPLIFIEE - SAS. Adresse du siège social: 3, rue de Valenton,94700 Maisons-Alfort. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2005.
21/06/2005	Bodacc C	Avis de dépôt des comptes
4659 - RCS Créteil B 330 668 179. RC 86-B 25744. ROSILIO MACHINES OUTILS (R.M.O.). Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 3, rue de Valenton,94700 Maisons-Alfort. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2004.
01/09/2004	Bodacc B	Modifications et mutations diverses
RCS Créteil B 330668179 RC 86-B 25744 ROSILIO MACHINES-OUTILS - R.M.-O. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l' administration. Administration : modification du président : ROSILIO ( Ronen, René). Administrateur partant : ROSILIO, née ADOUT (Gladys). Commissaire aux comptes titulaire partant : BOVIS (Jean-Louis). Administrateur partant : ROSILIO (Roi). Nomination d'un commissaire aux comptes suppléant : GUILLOT (Pascal).
30/10/2002	Bodacc B	Modifications et mutations diverses
RCS Créteil B 330668179 RC 86-B 25744 ROSILIO MACHINES-OUTILS - R.M.-O. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : ROSILIO ( Tsachi). Nomination d'un administrateur ROSILIO (Roi).
11/08/2002	Bodacc B	Modifications et mutations diverses
RCS Créteil B 330668179 RC 86-B 25744 ROSILIO-MACHINES OUTILS - R.M.O. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification du président du conseil d' administration et directeur général : ROSILIO (Ronen, René). Commissaire aux comptes titulaire partant : PEPIN ( Didier). Modification d'un commissaire aux comptes suppléant : BOVIS (Jean- Louis). Nomination d'un commissaire aux comptes suppléant : STE F.C.H. LE GUEN BOVIS ET ASSOCIES.
24/08/2001	Bodacc B	Modifications et mutations diverses
RCS Créteil B 330668179 RC 86-B 25744 ROSILIO MACHINES OUTILS-R.M.O. Forme : S. A. Capital : 320 000 euros. Commentaires : modification survenue sur le capital ( augmentation).

Company events history

Date	Description
23/04/2012	Bodacc C : Deposit accounts notice
21/04/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/09/2011	New accounts available
11/05/2011	Bodacc C : Deposit accounts notice
20/04/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/09/2010	New accounts available
12/04/2010	Bodacc C : Deposit accounts notice
30/09/2009	New accounts available
03/04/2009	Bodacc C : Deposit accounts notice
31/12/2008	Modification of Company Activity
31/12/2008	Update of Company Activity
30/09/2008	New accounts available
24/04/2008	Bodacc C : Deposit accounts notice
07/03/2008	Modification to Establishment Address or Identifier
26/10/2007	Collection of preferential rights activated for this company
30/09/2007	New accounts available
13/04/2007	Private document
13/04/2007	New auditor
13/04/2007	Minutes of general meeting of shareholders
13/04/2007	Appointment/resignation of company officers
30/09/2006	New accounts available
30/09/2005	New accounts available
08/10/2004	New closing date
08/10/2004	Private document
08/10/2004	Updated articles of association
08/10/2004	Minutes of general meeting of shareholders
30/09/2004	New accounts available
17/08/2004	Audit or Management Report
17/08/2004	Updated articles of association
17/08/2004	Private document
17/08/2004	Minutes of general meeting of shareholders
17/08/2004	New legal form – no new category
17/08/2004	Appointment/resignation of company officers
17/08/2004	New auditor
31/12/2003	New accounts available
17/10/2002	PV d'Assemblée
17/10/2002	Acte sous seing privé
17/10/2002	PV du Conseil d'Administration
17/10/2002	Nomination/démission des organes de gestion
17/10/2002	Modification du Conseil d'Administration
30/07/2002	Acte sous seing privé
30/07/2002	Changement de Commissaire aux Comptes
30/07/2002	PV d'Assemblée
30/07/2002	Statuts mis à jour
08/08/2001	Statuts mis à jour
08/08/2001	PV d'Assemblée
08/08/2001	Acte sous seing privé
08/08/2001	Conversion du Capital Social en Euros
08/08/2001	Augmentation de Capital
18/02/1992	Changement de dénomination sociale
18/02/1992	PV du Conseil d'Administration
04/02/1992	PV d'Assemblée
04/02/1992	Nomination/démission des organes de gestion
04/02/1992	Modification du Conseil d'Administration

Establishment events history

Date	Description
21/04/2012	Update Limit
20/04/2011	Update Rating
20/04/2011	Update Limit
25/09/2010	Update Rating
23/03/2010	Update Limit
23/03/2010	Update Rating
30/12/2009	Update Rating
30/03/2009	Update Limit
30/03/2009	Update Rating
31/12/2008	Modification of Head office
21/04/2008	Update Limit
07/03/2008	Modification of Head office Identification
16/12/2007	Update Limit
10/12/2007	Update Limit
09/12/2007	Update Limit
19/06/2007	Update Rating
06/06/2007	Update Limit
06/06/2007	Update Rating

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.96
UK Pound	1	Rs.85.45
Euro	1	Rs.69.46

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.