MIRA INFORM REPORT

Report Date :

22.09.2012

IDENTIFICATION DETAILS

Name :	EQUATEUR FRUITS
Registered Office :	Le Jules Verne, 150 Rue Jean Chazy, 69400 Villefranche Sur Saone
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	August 2004
Com. Reg. No.:	RCS Villefranche sur Saone-Tarare 0 478 099 799
Legal Form :	Limited Liability Company
Line of Business :	Wholesale (intercompany trade) of fruits and vegetables
No. of Employees :	1 or 2 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 – 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

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	EQUATEUR FRUITS

company summary

Activity (APE)	Commerce de gros (commerce interentreprises) de fruits et légumes (4631Z) (Wholesale (intercompany trade) of fruits and vegetables (4631Z))	Legal form	Limited Liability Company
Phone	04 74 09 05 09	RCS Registration	RCS Villefranche sur Saone-Tarare 0 478 099 799
Fax		Share capital	100,000 Euros
Address	EQUATEUR FRUITS LE JULES VERNE 150 RUE JEAN CHAZY 69400 VILLEFRANCHE SUR SAONE	Incorporated Date	08/2004
Nationality	France	Status	Economically active

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) de fruits et légumes (4631Z)	Business Pages FT®
Postal Address	EQUATEUR FRUITS LE JULES VERNE 150 RUE JEAN CHAZY 69400 VILLEFRANCHE SUR SAONE	Trading Address	150 RUE JEAN CHAZY 69400 VILLEFRANCHE SUR SAONE
Telephone	04 74 09 05 09
Fax

DIRECTORS/MANAGEMENT

Current Directors

1

directors

Name	M. POPY YVES JACQUES
Manager position	Gérant	Date of birth	25/03/1952
Place of birth	LYON(69)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Gérant	M ALEX DUPORTET
Gérant	M YVES POPY
Associé-gérant	M YVES POPY

NEGATIVE INFORMATION

Last published preferential right

This company is not under monitoring

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Recent publications in Gazettes

Publication date	Gazette Name	Description
29/05/2012	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE VILLEFRANCHE-TARARE 9249 - 478099799 RCS. EQUATEUR FRUITS. Forme : Société à Responsabilité Limitée. Adresse : 150 rue Jean Chazy le Jules Vernes 69400 Villefranche-sur-Saône. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
24/06/2011	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE VILLEFRANCHE-TARARE 7681 - 478099799 RCS. EQUATEUR FRUITS. Forme : Société à Responsabilité Limitée. Adresse : 150 rue Jean Chazy le Jules Vernes 69400 Villefranche-sur-Saône. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
27/05/2010	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE VILLEFRANCHE-TARARE 847 - 478 099 799 RCS Villefranche-Tarare. EQUATEUR FRUITS. Forme : Société à Responsabilité Limitée. Capital : 100000 EUR. Commentaires : Modification du capital.
26/05/2010	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE VILLEFRANCHE-TARARE 8696 - 478099799 RCS. EQUATEUR FRUITS. Forme : Société à Responsabilité Limitée. Adresse : 150 rue Jean Chazy le Jules Vernes 69400 Villefranche-sur-Saône. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
12/05/2010	JAL	Modification of the share capital
LE PATRIOTE BEAUJOLAIS Date de décision : 19/04/2010 La société : 478099799 - EQUATEUR FRUITS, 150 RUE JEAN CHAZY, LE JULES VERNE, 69400 VILLEFRANCHE SUR SAONE a subi une augmentation de son capital social désormais de 100 000 €
20/08/2009	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE VILLEFRANCHE-TARARE 10607 - 478099799 RCS. EQUATEUR FRUITS. Forme : Société à Responsabilité Limitée. Adresse : 150 rue Jean Chazy le Jules Vernes 69400 Villefranche-sur-Saône. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
25/01/2009	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE VILLEFRANCHE-TARARE 2106 - 478 099 799 RCS Villefranche-Tarare. EQUATEUR FRUITS. Forme : Société à Responsabilité Limitée. Capital : 50000 EUR. Commentaires : Modification du capital.
25/07/2008	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE VILLEFRANCHE-TARARE 2991 - 478 099 799 RCS Villefranche-Tarare. EQUATEUR FRUITS. Forme : Société à Responsabilité Limitée. Administration : DUPORTET Alex nom d'usage : DUPORTET Alex n'est plus gérant.POPY Yves Jacques nom d'usage : POPY Yves devient gérant.. Commentaires : Modification de l'administration.
08/06/2008	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE VILLEFRANCHE-TARARE 5088 - 478099799 RCS. EQUATEUR FRUITS. Forme : Société à Responsabilité Limitée. Adresse : 150 rue Jean Chazy le Jules Vernes, 69400 Villefranche-sur-Saône. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
20/07/2007	Bodacc C	Avis de dépôt des comptes
5862 - VillefrancheTarare B 478 099 799. RC 04-B 293. EQUATEUR FRUITS. Forme: S.A.R.L. Adresse du siège social: 150, Rue Jean Chazy Le Jules Vernes,69400 Villefranche-sur-Saone. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
22/07/2006	Bodacc C	Avis de dépôt des comptes
3024 - RCS VillefrancheTarare B 478 099 799. RC 04-B 293. EQUATEUR FRUITS. Forme: S.A.R.L. Adresse du siège social: 150, Rue Jean Chazy Le Jules,69400 Villefranche-sur-Saone. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
15/08/2004	Bodacc A	Création d'établissement
RCS VillefrancheTarare B 478099799 RC 04-B 293 EQUATEUR FRUITS. Forme : S.A.R.L. Capital : 8 000 euros. Adresse du siège social : 150, rue Jean Chazy le Jules Vernes, 69400 Villefranche-sur-Saone. Administration : gérant : DUPORTET (Alex) nom d'usage : DUPORTET Etablissement principal: Activité : négoce sous toutes leurs formes, de fruits et légumes exotiques. Adresse : 150, rue Jean Chazy le Jules Vernes, 69400 Villefranche-sur- Saone Cette société se constitue Date de début d'activité: 1 e r aout 2004.

SHARE & SHARE CAPITAL INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

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

Linkages

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

FINANCIAL INFORMATION

Trading to Date	12/31/2011	12/31/2010	12/31/2009
	Turnover	3,856,054 €	4,139,008 €	2,881,794 €
	Gross Operating Surplus	3,42 % Turnover	2,32 % Turnover	6,02 % Turnover
	Net worth	242,590 €	201,236 €	159,731 €
	Employees	1 or 2 employees	-	-

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2011	31/12/2010	31/12/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	24/05/2012	10/06/2011	25/05/2010
Activity Code	4631Z	4631Z	4631Z
Employees	0	0	0

Active account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	0	0%	0	0%	0	78 373	0%
- Intangible assets	0	0%	0	0%	-01	833	0%
- Tangible assets	0	0%	0	0%	0	33 363,50	0%
- Financial assets	0	0%	0	0%	0	1 758	0%
Net current assets	963 313	58,4%	607 972	6,7%	569 752	460 483	109,2%
- Stocks	300 343	193,9%	102 193	82,8%	55 898	13 754,50	2083,6%
- Advanced payments	0	58,4%	0	0%	0	0	0%
- Receivables	295 343	-17,3%	357 108	-1,8%	363 709	236 944,50	24,6%
- Securities and cash	367 627	147,3%	148 671	-1,0%	150 145	117 005,50	214,2%
- Prepaid expenses	-	-	-	-	-	294,50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	963 313	58,4%	607 972	6,7%	569 752	612 668,50	57,2%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Shareholders' equity	242 590	20,6%	201 236	26,0%	159 731	180 670,50	34,3%
Share capital	100 000	0%	100 000	100%	50 000	31 145,50	221,1%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	720 724	77,2%	406 734	-0,8%	410 021	360 050,50	100,2%
- Financial liabilities	15 248	-3,2%	15 753	-56,5%	36 205	45 482,50	-66,5%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	600 065	107,7%	288 937	113,7%	135 183	158 877	277,7%
- Tax and social liabilities	90 358	-0,8%	91 126	-59,7%	226 169	54 724	65,1%
- Other debts and fixed assets liabilities	15 052	37,9%	10 918	-12,4%	12 463	3 504,50	329,5%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	963 313	58,4%	607 971	6,7%	569 752	612 668	57,2%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Sales of Goods	3 856 074	-8,1%	4 196 331	45,6%	2 881 829	2 081 201,50	85,3%
Net turnover	3 856 054	-6,8%	4 139 008	43,6%	2 881 794	2 065 063,50	86,7%
- of which net export turnover	108 740	-76,7%	466 203	27,9%	364 613	0	0%
Operating charges	3 724 367	-9,0%	4 093 266	51,1%	2 708 525	2 019 433,50	84,4%
Operating profit/loss	131 707	27,8%	103 065	-40,5%	173 304	25 708	412,3%
Financial income	19 091	-54,4%	41 842	587,2%	6 089	230	8200,4%
Financial charges	31 506	-64,8%	89 631	107,2%	43 251	1 588,50	1883,4%
Financial profit/loss	-12 415	74,0%	-47 789	-28,6%	-37 162	-332,50	-3633,8%
Pretax net operating income	119 292	115,8%	55 276	-59,4%	136 142	23 264	412,8%
Extraordinary income	0	0%	25 107	0%	0	780	0%
Extraordinary charges	5 314	348,1%	1 186	-77,3%	5 229	382	1291,1%
Extraordinary profit/loss	-5 314	240,1%	23 922	557,5%	-5 229	0	0%
Net result	81 353	32,3%	61 505	-34,3%	93 589	23 226	250,3%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2011	31/12/2010	31/12/2009
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2011		31/12/2010		31/12/2009
	Grand Total (I to VI)	Net	963 313	58,4%	607 972	6,7%	569 752
	Gross	CO	964 413	58,3%	609 072	-3,0%	628 172
	Amortisation	1A	1 100	0%	1 100	-98,1%	58 420

Non declared distributed capital (I)

		31/12/2011		31/12/2010		31/12/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2011		31/12/2010		31/12/2009
	Total Active fixed asset (II)	Net	0	0%	0	0%	0
	Gross	BJ	1 100	0%	1 100	0%	1 100
	Amortisation	BK	1 100	0%	1 100	0%	1 100

Intangilble fixed assets

			31/12/2011		31/12/2010		31/12/2009
	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	0	0%	0	0%	0
	Amortisation	AG	0	0%	0	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	-01
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	01
	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%	-01

Tangilble fixed assets

			31/12/2011		31/12/2010		31/12/2009
	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	0	0%	0	0%	0
	Gross	AT	1 100	0%	1 100	0%	1 100
	Amortisation	AU	1 100	0%	1 100	0%	1 100
	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	0		0		0

Financial assets

			31/12/2011		31/12/2010		31/12/2009
	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%	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	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)

			31/12/2011		31/12/2010		31/12/2009
	Total Assets	Net	963 313	58,4%	607 972	6,7%	569 752
	Gross	CJ	963 313	58,4%	607 972	-3,0%	627 072
	Amortisation	CK	0	0%	0	0%	57 320

Stocks

			31/12/2011		31/12/2010		31/12/2009
	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	300 343	193,9%	102 193	82,8%	55 898
	Gross	BT	300 343	193,9%	102 193	82,8%	55 898
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	300 343	193,9%	102 193	82,8%	55 898

Advance payments to suppliers

			31/12/2011		31/12/2010		31/12/2009
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2011		31/12/2010		31/12/2009
	Trade accounts receivable	Net	289 671	-10,3%	323 049	43,6%	225 032
	Gross	BX	289 671	-10,3%	323 049	14,4%	282 352
	Amortisation	BY	0	0%	0	0%	57 320
	Other debtors	Net	4 084	-87,7%	33 319	-71,5%	116 937
	Gross	BZ	4 084	-87,7%	33 319	-71,5%	116 937
	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	293 755	-17,6%	356 368	4,2%	341 969

Divers

			31/12/2011		31/12/2010		31/12/2009
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	367 627	147,3%	148 671	-1,0%	150 145
	Gross	CF	367 627	147,3%	148 671	-1,0%	150 145
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	367 627	147,3%	148 671	-1,0%	150 145

Prepaid expenses

			31/12/2011		31/12/2010		31/12/2009
	Prepaid expenses	Net	1 588	114,6%	740	-96,6%	21 740
	Gross	CH	1 588	114,6%	740	-96,6%	21 740
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2011		31/12/2010		31/12/2009
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%	0	0%	0
Gross		0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	75 590

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)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to V)	EE	963 313	58,4%	607 971	6,7%	569 752

Shareholder Equity (I)

		31/12/2011		31/12/2010		31.12.2009
Total shareholders' equity (Total I)	DL	242 590	20,6%	201 236	26,0%	159 731
Equity and shareholders' equity	DA	100 000	0%	100 000	100%	50 000
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	10 000	100%	5 000	0%	5 000
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	51 236	47,5%	34 731	211,7%	11 142
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	0	0%	0	0%	0
Profit or loss for the period	DI	81 353	32,3%	61 505	-34,3%	93 589
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		31/12/2011		31/12/2010
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)

		31/12/2011		31/12/2010
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)

		31/12/2011		31/12/2010		31/12/2009
Total Liabilities (Total IV)	EC	720 724	77,2%	406 734	-0,8%	410 021
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	181	-73,6%	686	397,1%	138
Sundry loans and financial liabilities	DV	15 067	0%	15 067	-58,2%	36 067
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	600 065	107,7%	288 937	113,7%	135 183
Tax and social security liabilities	DY	90 358	-0,8%	91 126	-59,7%	226 169
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	15 052	37,9%	10 918	-12,4%	12 463

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2009
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2011		31/12/2010		31/12/2009
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	720 724	77,2%	406 734	-0,8%	410 021
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2011		31/12/2010		31/12/2009
Operating result (Total I-II)	GG	131 707	27,8%	103 065	-40,5%	173 304

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	-12 415	74,0%	-47 789	-28,6%	-37 162

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

		31/12/2011		31/12/2010		31/12/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	119 292	115,8%	55 276	-59,4%	136 142

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	-5 314	-122,2%	23 922	557,5%	-5 229

Profit or loss

		31/12/2011		31/12/2010		31/12/2009
Profit or loss	HN	81 353	32,3%	61 505	-34,3%	93 589

Total Income (I+III+V+VII)

		31/12/2011		31/12/2010		31/12/2009
Total Income (I+III+V+VII)	HL	3 875 165	-9,1%	4 263 280	47,6%	2 887 918

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

		31/12/2011		31/12/2010		31/12/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	3 793 812	-9,7%	4 201 775	50,4%	2 794 329

Operating income (I)

		31/12/2011		31/12/2010		31/12/2009
Total operating income (Total I)	FR	3 856 074	-8,1%	4 196 331	45,6%	2 881 829

Operating income (details)

			31/12/2011		31/12/2010		31/12/2009
	Sale of goods for resale	FC	3 781 646	-7,1%	4 069 115	50,3%	2 707 124
	France	FA	3 688 540	1,0%	3 652 458	45,4%	2 511 308
	Export	FB	93 106	-77,7%	416 657	112,8%	195 817
	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	74 408	6,5%	69 893	-60,0%	174 670
	France	FG	58 773	188,9%	20 347	246,4%	5 873
	Export	FH	15 634	-68,4%	49 546	-70,6%	168 797
	Net turnover	FL	3 856 054	-6,8%	4 139 008	43,6%	2 881 794
	France	FJ	3 747 314	2,0%	3 672 805	45,9%	2 517 181
	Export	FK	108 740	-76,7%	466 203	27,9%	364 613
	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	0	0%	57 320	0%	0
	Other income	FQ	20	566,7%	03	-91,2%	34

Operating charges (II)

		31/12/2011		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	3 724 367	-9,0%	4 093 266	51,1%	2 708 525

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
Purchase of goods for resale	FS	3 284 987	-5,7%	3 485 391	55,6%	2 240 037
Change in stocks of goods for resale	FT	-198 150	-328,0%	-46 295	-353,7%	18 245
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	478 643	10,8%	432 037	42,1%	304 075
Tax, duty and similar payments	FX	7 821	-25,3%	10 467	9,6%	9 553
Payroll	FY	108 051	-6,3%	115 351	16,3%	99 173
Social security costs	FZ	42 970	-6,9%	46 152	24,4%	37 105

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	0	0%	0	0%	243
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2011		31/12/2010		31/12/2009
Other charges	GE	45	-99,9%	50 163	53838,7%	93

Operating charges (III-IV)

		31/12/2011		31/12/2010		31/12/2009
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)

			31/12/2011		31/12/2010		31/12/2009
	Total financial income (Total V)	GP	19 091	-54,4%	41 842	587,2%	6 089
	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	0	0%	0	0%	67
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	19 091	-54,4%	41 842	594,8%	6 022
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2011		31/12/2010		31/12/2009
	Total financial charge (Total VI)	GU	31 506	-64,8%	89 631	107,2%	43 251
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	873	-29,4%	1 237	-49,2%	2 436
	Exchange losses	GS	30 633	-65,3%	88 394	116,6%	40 815
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/12/2011		31/12/2010		31/12/2009
	Total extraordinary income (Total VII)	HD	0	0%	25 107	0%	0
	Extraordinary operating income	HA	0	0%	25 107	0%	0
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2011		31/12/2010		31/12/2009
	Total extraordinary charges (Total VIII)	HH	5 314	348,1%	1 186	-77,3%	5 229
	Extraordinary operating charges	HE	5 314	348,1%	1 186	-77,3%	5 229
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2011		31/12/2010		31/12/2009
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2011		31/12/2010		31/12/2009
Tax on profits (Total X)	HK	32 625	84,4%	17 692	-52,6%	37 324

References

		31/12/2011		31/12/2010		31/12/2009
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	0	0%	0	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)

			31/12/2011		31/12/2010		31/12/2009
	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%	0	0%	0
	Gross value at the end of period	OL	0	0%	0	0%	0

Research and development Charge (Total I)

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	Gross value at begin of period	KD	0	0%	0	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	0	0%	0	0%	0

Tangible fixed assets (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Gross value at begin of period	LN	0	0%	0	0%	0
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	0	0%	0	0%	0

Fiancial assets (Total IV)

			31/12/2011		31/12/2010		31/12/2009
	Gross value at begin of period	LQ	0	0%	0	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	0	0%	0	0%	0

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

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	0
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0	0%	0

Total fixed assets amotisation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	QU	0	0%	0	0%	0
Increases		QV	0	0%	0	0%	0
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	0	0%	0	0%	0

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

			31/12/2011		31/12/2010		31/12/2009
	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

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	7C	0	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	0

Includes Total allocations

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

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/12/2011		31/12/2010		31/12/2009
Gross value	VT	0	0%	0	0%	0
1 year at most	VU	0	0%	0	0%	0
More than one year	VV	0	0%	0	0%	0

State of loans

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	0

Prepaid

		31/12/2011		31/12/2010		31/12/2009
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/12/2011		31/12/2010		31/12/2009
	Total debt (gross)	VY	0	0%	0	0%	0
1 year at most		VZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2011		31/12/2010		31/12/2009
	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	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	0	0%	0	0%	0
1 year at most		8B2	0	0%	0	0%	0
More than 1 year and 5 years at most		8B3	0	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0	0%	0
1 year at most		8D2	0	0%	0	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	0
1 year at most		VQ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Fixed Asset Financing		235,40	18,7%	198,26	10,7%	179,12	1,62	14430,9%
Global Debt		67 days	91,4%	35 days	-31,4%	51 days	59 days	13,6%
Working Capital Fund overall net		24 days	26,3%	19 days	-20,8%	24 days	27 days	-11,1%
Financial independence		134027,62%	356,9%	29334,69%	-74,7%	115747,10%	345,03%	38745,2%
More ratios
Solvability		25,18%	-23,9%	33,10%	18,0%	28,04%	35,62%	-29,3%
Capacity debt futures		%	-	%	-	%	970,55%	-
Coverage of current assets by net working capital overall		26,81%	-25,0%	35,73%	10,4%	32,37%	34,59%	-22,5%
General Liquidity			-		-		0,83	-
Restricted Liquidity			-		-		1,29	-

Management or rotation

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Need background in operating working capital		-10 days	-266,7%	6 days	100%	3 days	3 days	-433,3%
Treasury		34 days	161,5%	13 days	-31,6%	19 days	14 days	142,9%
Inventory turnover of goods		35 days	218,2%	11 days	22,2%	9 days	1 days	3400%
Average length of credit granted to customers		27 days	-3,6%	28 days	-20,0%	35 days	32 days	-15,6%
Average length of credit obtained suppliers		61 days	125,9%	27 days	42,1%	19 days	34 days	79,4%
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days	1 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	826 days	-
Rotation tangible assets		%	-	%	-	%	1165,77%	-

Profitability of the business

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Margin trading		18,02%	18,4%	15,22%	-2,3%	15,58	20,82%	-13,4%
Profitability of the business		3,42	47,4%	2,32	-61,5%	6,02	2,51%	36,3%
Net profit		2,11%	41,6%	1,49%	-54,2%	3,25%	1,22%	73,0%
More ratios
Growth rate of turnover (excluding VAT)		-6,84%	-115,7%	43,63%	-44,3%	78,33%	1,32%	-618,2%
Rates integration		7,54%	16,5%	6,47%	-41,6%	11,08%	12,31%	-38,7%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		51,97%	-13,8%	60,29%	41,3%	42,66%	69,44%	-25,2%
Weight interests		0,82	-62,2%	2,17%	44,7%	1,50%	0,08%	925,0%

Return on capital

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Cash flow from the overall profitability		2,11%	41,6%	1,49%	-54,3%	3,26%	2,01%	5,0%
Rates of economic profitability		51%	15,9%	44%	-50,6%	89%	17%	200%
Financial profitability		242590%	20,6%	201236%	26,0%	159731%	173395%	39,9%
Return on investment		43,77%	-37,2%	69,65%	-0,3%	69,84%	9,97%	339,0%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Turnover	3 856 054	-6,8%	4 139 008	43,6%	2 881 794	2 065 064 €	86,7%

Sales of goods	3 781 646	-7,1%	4 069 115	50,3%	2 707 124
- Purchase of goods	3 284 987	-5,7%	3 485 391	55,6%	2 240 037
+/- Stock of goods variation	-198 150	-328,0%	-46 295	-353,7%	18 245
Trading margin	694 809 €	10,3%	630 019 €	40,4%	448 842 €	389 240,50 €	78,5%
	18,02 % CA	18,4%	15,22 % CA	-2,3%	15,58 % CA	20,96 % CA	-14,0%

Sale of goods produced	74 408	6,5%	69 893	-60,0%	174 670
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	74 408 €	6,5%	69 893 €	-60,0%	174 670 €	9 197,50 €	709,0%
	1,93 % CA	14,2%	1,69 % CA	-72,1%	6,06 % CA	0,52 % CA	271,2%

Trading margin	694 809	10,3%	630 019	40,4%	448 842	389 240,50	78,5%
+ Period Production	74 408	6,5%	69 893	-60,0%	174 670	9 197,50	709,0%
- 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	478 643	10,8%	432 037	42,1%	304 075
Added value	290 574 €	8,5%	267 875 €	-16,1%	319 437 €	238 081,50 €	22,0%
	7,54 % CA	16,5%	6,47 % CA	-41,6%	11,08 % CA	12,31 % CA	-38,7%

Added value	290 574 €	8,5%	267 875 €	-16,1%	319 437 €	238 081,50 €	22,0%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	7 821	-25,3%	10 467	9,6%	9 553
- Personal charges	151 021	-6,5%	161 503	18,5%	136 278
Gross operating surplus	131 732 €	37,4%	95 905 €	-44,8%	173 606 €	43 723,50 €	201,3%
	3,42 % CA	47,4%	2,32 % CA	-61,5%	6,02 % CA	2,51 % CA	36,3%

Gross perating surplus	131 732 €	37,4%	95 905 €	-44,8%	173 606 €	43 723,50 €	201,3%
+ Release of reserves and provisions	0	0%	57 320	0%	0
+ Other operating income	20	566,7%	03	-91,2%	34
- Depreciation/Amortisation	0	0%	0	0%	243
- Other charges	45	-99,9%	50 163	53838,7%	93
Operating result	131 707 €	27,8%	103 065 €	-40,5%	173 304 €	25 583 €	414,8%
	3,42 % CA	37,3%	2,49 % CA	-58,6%	6,01 % CA	1,45 % CA	135,9%

Operating result	131 707 €	27,8%	103 065 €	-40,5%	173 304 €	25 583 €	414,8%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	19 091	-54,4%	41 842	587,2%	6 089
- Financial charges	31 506	-64,8%	89 631	107,2%	43 251
Pre-tax result	119 292 €	115,8%	55 276 €	-59,4%	136 142 €	23 213,50 €	413,9%
	3,09 % CA	130,6%	1,34 % CA	-71,6%	4,72 % CA	1,44 % CA	114,6%

Extraordinary income	0	0%	25 107	0%	0	780	0%
- Extraordinary charges	5 314	348,1%	1 186	-77,3%	5 229
Extraordinary result	-5 314 €	-122,2%	23 921 €	557,5%	-5 229 €	0 €	0%
	-0,14 % CA	-124,1%	0,58 % CA	422,2%	0 % CA	0 % CA	0%

Pre-tax result	119 292 €	115,8%	55 276 €	-59,4%	136 142 €	23 213,50 €	413,9%
Extraordinary result	-5 314 €	-122,2%	23 921 €	557,5%	-5 229 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	32 625	84,4%	17 692	-52,6%	37 324
Net result	81 353 €	32,3%	61 505 €	-34,3%	93 589 €	23 180,50 €	251,0%
	2,11 % CA	41,6%	1,49 % CA	-54,2%	3,25 % CA	1,22 % CA	73,0%

ADDITIONAL INFORMATION

Trends
	Profitability
	Liquidity
	Net worth

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) de fruits et légumes (4631Z)
RCS Registration	RCS Villefranche sur Saone-Tarare 0 478 099 799	Share capital	100,000 Euros
Registration Court	Villefranche sur Saone-Tarare (69)	Legal form	Limited Liability Company
Court Registry Number	20 0 4B002	EU VAT Number	FR82478099799
Incorporation Date	08/2004	Formation Date	08/2004
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Type	Head office (one site company)	Status	Economically active
	Formation Date	08/2004	Reason for formation	Formation
	Closure Date		Reason for closure
	Reactivation Date		Production Role
	Activity Nature	-	Activity Location	Other
	Location surface		Seasonality

Department	Rhône (69)	Region	Rhône-Alpes
District	2	Area	32
City	VILLEFRANCHE SUR SAONE	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> EQUATEUR FRUITS <<<  - Commerce de gros (commerce interentreprises) de fruits et légumes (4631Z)  in VILLEFRANCHE SUR SAONE  (69400)
Secondary establishments

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

Workforces

Workforce at address

1 or 2 employees

Company workforce

1 or 2 employees

event history

Status history

Date	Description
No Status History

Company events history

Date	Description
01/08/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
29/05/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
24/06/2011	Bodacc C : Deposit accounts notice
11/06/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
27/05/2010	Bodacc B: Various editing or changing
26/05/2010	Bodacc C : Deposit accounts notice
12/05/2010	Minutes of general meeting of shareholders
12/05/2010	Updated articles of association
19/04/2010	Other modification of Establishment
19/04/2010	Legal Gazette: Modification of the share capital
31/12/2009	New accounts available
20/08/2009	Bodacc C : Deposit accounts notice
25/01/2009	New Bodacc B ads detected
25/01/2009	Bodacc B: Various editing or changing
05/01/2009	Updated articles of association
05/01/2009	Capital increase
05/01/2009	Private document
05/01/2009	Minutes of general meeting of shareholders
31/12/2008	New accounts available
26/12/2008	Sale of shares
26/12/2008	Private document
26/12/2008	Amendment
11/12/2008	Other modification of Establishment
11/12/2008	Update of Company Legal Form
25/07/2008	Bodacc B: Various editing or changing
25/07/2008	New Bodacc B ads detected
11/07/2008	Appointment/resignation of company officers
11/07/2008	Minutes of general meeting of shareholders
11/07/2008	Private document
11/07/2008	New manager
08/06/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
03/08/2004	Acte sous seing privé
03/08/2004	Private document
03/08/2004	Formation de Société
03/08/2004	Statuts
03/08/2004	Articles of association
03/08/2004	Company formation

Establishment events history

Date	Description
01/08/2012	Update Limit
31/10/2011	Update Rating
23/08/2011	Update Rating
11/06/2011	Update Limit
08/05/2011	Update Rating
08/05/2011	Update Limit
26/05/2010	Update Limit
26/05/2010	Update Rating
10/01/2010	Update Rating
10/01/2010	Update Limit
04/01/2010	Update Limit
30/12/2009	Update Rating
14/08/2009	Update Limit
14/08/2009	Update Rating
11/12/2008	Modification of Head office
15/09/2008	Update Limit
15/09/2008	Update Rating
08/08/2008	Update Rating
08/08/2008	Update Limit
26/06/2008	Update Rating
26/06/2008	Update Limit
16/12/2007	Update Limit
11/12/2007	Update Limit
09/12/2007	Update Limit
01/08/2007	Update Limit
01/08/2007	Update Rating

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.34
UK Pound	1	Rs.87.91
Euro	1	Rs.70.57

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.