MIRA INFORM REPORT

Report Date :

05.04.2013

IDENTIFICATION DETAILS

Name :	CARREFOUR IMPORT
Registered Office :	18 Av Du Quebec, 91140 Villebon Sur Yvette
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	December 2000
Com. Reg. No.:	RCS Evry 0 434 212 130
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesale business other household goods
No. of Employees :	20 to 49 employees

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Status :	Good
Payment Behaviour :	Regular
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 CARREFOUR IMPORT

company summary

		EUR VAT Number	FR25434212130
Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z) (Wholesale (business to business) other household goods (4649Z))	Legal form	Simplified joint stock company
Phone	01 69 93 33 50	RCS Registration	RCS Evry 0 434 212 130
Fax		Share capital	40,000 Euros
Address	CARREFOUR IMPORT 18 AV DU QUEBEC 91140 VILLEBON SUR YVETTE	Incorporated Date	01/2001
Nationality	France	Status	Economically active

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques  (4649Z)
RCS Registration	RCS Evry 0 434 212 130	Share capital	40,000 Euros
Registration Court	Evry (78)	Legal form	Simplified joint stock company
Court Registry Number	20 0 1B025	EUR VAT Number	FR25434212130
Incorporation Date	01/2001	Formation Date	12/2000
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques  (4649Z)	Business Pages FT®
Postal Address	CARREFOUR IMPORT 18 AV DU QUEBEC 91140 VILLEBON SUR YVETTE	Trading Address	18 AVENUE DU QUEBEC 91140 VILLEBON SUR YVETTE
Telephone	01 69 93 33 50
Fax

DIRECTORS/MANAGEMENT

Current Directors

2

directors

Name	M. SALAMA BENDAYAN SAMUEL
Manager position	Directeur général	Date of birth	24/06/1966
Place of birth	SALE(MAROC)
Type	Individual	Name at birth

Name	M. BAUME RÉMY XAVIER MARTIN
Manager position	Président	Date of birth	09/07/1975
Place of birth	SURESNES
Type	Individual	Name at birth

Manager position	Title and name	Date of Birth/Place of Birth
Président	M REMY XAVIER MARTIN BAUME	09/07/1975 - SURESNES
Président	M JOSE FOLACHE GONZALES PARRADO	29/03/1960 - MADRID ESPAGNE
Président	M IGNACIO GONZALEZ	03/10/1968 - MADRID ESPAGNE
Président	M IGNACIO GONZALEZ	03/10/1968 - MADRID(ESPAGNE)
Président	M IGNACIO GONZALEZ	03/10/1968 - MADRID(ESPAGNE)
Président	M GERARD LAVINAY	22/06/1961 - CAEN
Directeur général	M XAVIER DE REGNAULD DE BELLESCIZE	- - -
Directeur général	M XAVIER MARIE BENIGNE DE REGNAULD DE BELLESCIZE	28/05/1966 - MADRID(ESPAGNE)
Directeur général	M XAVIER MARIE BENIGNE DE REGNAULD DE BELLESCIZE	28/05/1966 - MADRID(ESPAGNE)
Directeur général	M XAVIER DE REGNAULD DE BELLESCIZE	28/05/1966 - MADRID ESPAGNE

NEGATIVE INFORMATION

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
10/12/2012	Bodacc C	Comptes annuels et rapports
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'ÉVRY 13359 - 434212130 RCS. CARREFOUR IMPORT. Forme : Société par actions simplifiée. Adresse : 18 avenue du Québec 91140 Villebon-sur-Yvette. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
08/12/2011	Bodacc B	Modification et mutation diverse
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'ÉVRY 1488 - 434 212 130 RCS Evry. CARREFOUR IMPORT. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : BEAS en fonction le 01 Août 2003 Commissaire aux comptes titulaire : DELOITTE & ASSOCIES en fonction le 22 Septembre 2005 Directeur général : SALAMA BENDAYAN Samuel en fonction le 02 Août 2011 Président : BAUME Rémy Xavier Martin en fonction le 30 Novembre 2011. Activité : . Commentaires : Modification de représentant.
29/11/2011	JAL	Appointment of the social representative
Semaine de l'Ile-de-France (La) Société faisant l'objet d'une nomination : 434212130 - CARREFOUR IMPORT, 18 AV DU QUEBEC, 91140 VILLEBON SUR YVETTE Nominé : Monsieur Rémy BAUME, 75017 PARIS 17 En la fonction de : Président Date d'effet : 07/11/2011
29/11/2011	JAL	Resignation / Revocation of the social representative
Semaine de l'Ile-de-France (La) Date de décision : 07/11/2011 La société 434212130 - CARREFOUR IMPORT, 18 AV DU QUEBEC, 91140 VILLEBON SUR YVETTE Fait l'objet du départ de Monsieur Ignacio GONZALEZ HERNANDEZ Date d'effet : 07/11/2011
17/10/2011	Bodacc C	Comptes annuels et rapports
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'ÉVRY 9874 - 434212130 RCS. CARREFOUR IMPORT. Forme : Société par actions simplifiée. Adresse : 18 avenue du Québec 91140 Villebon-sur-Yvette. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
10/08/2011	Bodacc B	Modification et mutation diverse
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'ÉVRY 4057 - 434 212 130 RCS Evry. CARREFOUR IMPORT. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : BEAS en fonction le 01 Août 2003 Commissaire aux comptes titulaire : DELOITTE & ASSOCIES en fonction le 22 Septembre 2005 Président : GONZALEZ Ignacio en fonction le 26 Septembre 2008 Directeur général : SALAMA BENDAYAN Samuel en fonction le 02 Août 2011. Activité : . Commentaires : Modification de représentant.
26/07/2011	JAL	Appointment of the social representative
Semaine de l'Ile-de-France (La) Société faisant l'objet d'une nomination : 434212130 - CARREFOUR IMPORT, 18 AV DU QUEBEC, 91140 VILLEBON SUR YVETTE Nominé : Monsieur Samuel SALAMA, 92100 BOULOGNE BILLANCOURT En la fonction de : Directeur général Date d'effet : 01/06/2011
26/07/2011	JAL	Resignation / Revocation of the social representative
Semaine de l'Ile-de-France (La) Date de décision : 30/06/2011 La société 434212130 - CARREFOUR IMPORT, 18 AV DU QUEBEC, 91140 VILLEBON SUR YVETTE Fait l'objet du départ de Date d'effet : 01/06/2011
07/12/2010	Bodacc B	Modification et mutation diverse
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'ÉVRY 1098 - 434 212 130 RCS Evry. CARREFOUR IMPORT. Forme : Société par actions simplifiée. Activité : . Adresse du siège social : 18 avenue du Québec, 91140 Villebon-sur-Yvette. Commentaires : Modification de l'adresse du siège.
13/09/2010	Bodacc C	Comptes annuels et rapports
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'ÉVRY 8252 - 434212130 RCS. CARREFOUR IMPORT. Forme : Société par actions simplifiée. Adresse : 1 avenue du Pacifique 91940 Les Ulis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
10/09/2009	Bodacc C	Comptes annuels et rapports
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'EVRY 9840 - 434212130 RCS. CARREFOUR IMPORT. Forme : Société par actions simplifiée. Adresse : 1 avenue du Pacifique 91940 Les Ulis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
02/11/2008	Bodacc B	Modification et mutation diverse
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'EVRY 1270 - 434 212 130 RCS Evry. CARREFOUR IMPORT. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : BEAS en fonction le 01 Août 2003. Commissaire aux comptes titulaire : DELOITTE & ASSOCIES en fonction le 22 Septembre 2005. Directeur général : DE REGNAULD DE BELLESCIZE Xavier Marie Benigne en fonction le 26 Juin 2006. Président : GONZALEZ Ignacio en fonction le 26 Septembre 2008. Commentaires : Modification de représentant.
16/10/2008	Bodacc C	Comptes annuels et rapports
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'EVRY 7470 - 434212130 RCS. CARREFOUR IMPORT. Forme : Société par actions simplifiée. Adresse : 1 avenue du Pacifique 91940 Les Ulis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
30/03/2008	Bodacc B	Modification et mutation diverse
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'EVRY 3208 - 434 212 130 RCS Evry. CARREFOUR IMPORT. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : BEAS en fonction le 01 Août 2003. Commissaire aux comptes titulaire : DELOITTE & ASSOCIES en fonction le 22 Septembre 2005. Directeur général : DE REGNAULD DE BELLESCIZE Xavier Marie Benigne en fonction le 26 Juin 2006. Président : FOLACHE GONZALEZ PARRADO Jose Maria en fonction le 04 Avril 2008. Commentaires : Modification de représentant.
30/08/2007	Bodacc C	Avis de dépôt des comptes
4102 - 434 212 130. RCS Evry CARREFOUR IMPORT. Forme: Société par actions simplifiée. Adresse du siège social: 1 avenue du Pacifique 91940 Les Ulis. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
29/08/2006	Bodacc C	Avis de dépôt des comptes
2430 - RCS Evry B 434 212 130. RC 01-B 2550. CARREFOUR IMPORT. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE - SAS. Adresse du siège social: 1, avenue du Pacifique,91940 Les Ulis. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
26/07/2006	Bodacc B	Modifications et mutations diverses
1382 - RCS Evry B 434 212 130. RC 01-B 2550. CARREFOUR IMPORT. Forme : S.A.S. Commentaires : modification survenue sur l'administration. Administration : nomination d'un directeur général : DE REGNAULD DE BELLESCIZE (Xavier, Marie, Benigne).
25/04/2006	Bodacc B	Modifications et mutations diverses
2464 - RCS Evry B 434 212 130. RC 01-B 2550. CARREFOUR IMPORT. Forme : S.A.S. Commentaires : modification survenue sur l'administration. Administration : président partant : DOSSMANN (Patrice, Auguste, Emile). Nomination du président : LAVINAY (Gérard, Emile).
07/10/2005	Bodacc B	Modifications et mutations diverses
2407 - RCS Evry B 434 212 130. RC 01-B 2550. CARREFOUR IMPORT. Forme : S.A.S. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : DELOITTE TOUCHE TOHMATSU. Nomination d'un commissaire aux comptes titulaire : DELOITTE & ASSOCIES.
21/08/2005	Bodacc C	Avis de dépôt des comptes
2101 - RCS Evry B 434 212 130. RC 01-B 2550. CARREFOUR IMPORT. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 1, avenue du Pacifique,91940 Les Ulis. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
12/12/2003	Bodacc B	Modifications et mutations diverses
RCS Evry B 434212130 RC 01-B 2550 CARREFOUR IMPORT. Forme : S.A.S. Commentaires : modification survenue sur l'administration. Administration : président partant : LEGRU (Philippe). Nomination du président : DOSSMANN ( Patrice, Auguste, Emile).
13/08/2003	Bodacc B	Modifications et mutations diverses
RCS Evry B 434212130 RC 01-B 2550 CARREFOUR IMPORT. Forme : S.A.S. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : BARBIER FRINAULT ET AUTRES S. C. Commissaire aux comptes suppléant partant : HURTUT (Paul). Nomination d' un commissaire aux comptes suppléant : BEAS. Nomination d'un commissaire aux comptes titulaire : DELOITTE TOUCHE TOHMATSU.
30/10/2002	Bodacc B	Modifications et mutations diverses
RCS Evry B 434212130 RC 01-B 2550 CARREFOUR IMPORT. Forme : S.A.S. Adresse du siège social : 1 avenue du Pacifique, 91940 Les Ulis. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l' établissement principal Etablissement principal: Adresse : 1 avenue du Pacifique, 91940 Les Ulis.
15/01/2002	Bodacc B	Modifications et mutations diverses
RCS Evry B 434212130 RC 01-B 2550 CARREFOUR IMPORT. Forme : S.A.S. Capital : 40 000 euros. Activité : achat, vente, import-export de marchandises alimentaires ou non. Adresse du siège social : Z.I. du Bois de l'Epine, 1 rue Jules-Guesde, Ris-Orangis, 91009 Evry Cedex. Administration : président : LEGRU (Philippe). Commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES S.C. Commissaire aux comptes suppléant : HURTUT (Paul). Commentaires : cette société transfère son siège du 6 avenue Raymond-Poincaré, 75116 Paris. Date d'effet : 20 septembre 2001.
09/08/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 434212130 RC 01-B 1204 CARREFOUR IMPORT. Forme : S.A.S. Capital : 40 000 euros. Activité : achat, vente, import-export de marchandises alimentaires ou non. Commentaires : modification survenue sur la dénomination, la forme juridique, le capital (augmentation), l'activité et l' administration. Administration : gérant partant : CARREL (Billiard, Bernard). Nomination du président : LEGRU ( Philippe). Associés en nom partants : CARREFOUR DAUPHINOISE DE PARTICIPATIONS. Nomination du commissaire aux comptes titulaire : BARBIER FRINAULT ET AUTRES. Nomination du commissaire aux comptes suppléant : HURTUT (Paul).
14/02/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 434212130 RC 01-B 1204 C.R. F.P. 2. Forme : S.N.C. Commentaires : modification survenue sur l' administration. Administration : nomination du gérant : CARREL BILLIARD ( Bernard). Gérant non associé partant : VAN DYCK (Etienne).
08/02/2001	Bodacc A	Création d'établissement
RCS Paris B 434212130 RC 01-B 1204 C.R. F.P. 2. Forme : S.N.C. Capital : 1 000 euros. Activité : prise d'intérets ou de participations dans toutes sociétés et affaires françaises ou étrangères quel qu'en soit l'objet. Adresse du siège social : 6 avenue Raymond-Poincaré, 75116 Paris. Administration : gérant non associé : VAN DYCK (Etienne). Associés en nom : CARREFOUR DAUPHINOISE DE PARTICIPATIONS Cette société se constitue Date de début d'activité: 12 décembre 2000.

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Company number
	CARREFOUR	652014051	1131 companies in 80 countries.

Ultimate Parent

1 ultimate parent company for this company
>  CARREFOUR  - Activités des sociétés holding (6420Z)  in BOULOGNE BILLANCOURT  (92100)

Group data

Ultimate parent company	CARREFOUR
Direct parent	CARREFOUR - 100 %
Group – Number of companies	553
Linkages – Number of companies	1131

Company Name	SIREN	Parts	Last account published
CARREFOUR	652014051	-	31/12/2010
CARREFOUR MARINOPOULOS	-	50%	-
CRFP 8	439916784	99.96%	31/12/2011
CRFP 10	444531628	100%	31/12/2011
CRFP 16	507869220	99.99%	31/12/2011
CARREFOUR INSURANCE BROKER CO.	-	60%	-
CARREFOUR ORGANIS SYSTEMES GPE - COS...	440091114	100%	31/12/2011
CARREFOUR ITALIA FINANCE SRL	-	100%	-
SOCIETA SVILUPPO COMMERCIALE	-	99.80%	-
CARREFOUR ITALIA IMMOBILIARE	-	99.80%	-
CARREFOUR PROPERTY ITALIA SRL	-	99.80%	-
GS SPA	-	99.80%	-
DI PER DI SRL	-	100%	-
FINMAR SPA	-	100%	-
IL BOSCO SRL	-	94.99%	-
PROMOZIONE SVILUPPO SUD SRL	-	100%	-
CARREFOUR COMERCIO E INDUSTRIA LTDA	-	100%	-
ELDORADO	-	100%	-
CARREFOUR SINGAPOUR PTE LTD	-	100%	-
BOEDIM	379874571	100%	31/12/2011
CARREFOUR IMPORT	434212130	100%	31/12/2011
CARREFOUR POLSKA	-	100%	-
CP AHOLD POLSKA	-	100%	-
CARREFOUR POLSKA PROPER	-	100%	-
CARREFOUR POLSKA WAW	-	100%	-
CP TELECOM	-	50%	-
CARREFOUR SABANCI TICARET MERKEZI AS CAR...	-	58.20%	-
CARREFOUR PROPERTY FRANCE	775632169	55.32%	31/12/2010
IMMOBILIERE CARREFOUR	323439786	100%	31/12/2010
CENTRE ACTIVITES DRAGUIGNAN	353110554	97%	31/12/2011
CP TRANSACTIONS	501637607	100%	31/12/2010
CHERBOURG INVEST	452819014	48%	31/12/2009
SCI COLODOR	388890311	50%	-
SCI AVENUE	381076355	52%	-
SCI DU PLAN DE GRASSE	377617345	100%	-
SCI VICUS	333963627	100%	-
LA CHARTREUSE	349857011	100%	-
LA FONTAINE	421787086	100%	-
CARREFOUR PROPERTY GESTION	493123392	100%	31/12/2011
COVICAR 12	493123350	100%	31/12/2011
CPF ASSET MANAGEMENT	493123251	100%	31/12/2011
SCI PHILIBERT	383397049	99.93%	-
FLODIA	492374632	100%	-
SOCIETE CIVILE DU LAVEDAN	316781426	100%	-
CARREFOUR MANAGEMENT	403245061	99.96%	31/12/2011
CARREFOUR STORES TAIWAN CO.	-	60%	-
FINIFAC	409468857	51%	31/12/2011
IPER ORIO SPA	-	49.90%	-
CRFP 4	440160570	100%	31/12/2011
HYPER INVEST B.V.	33223626	100%	31/12/2011
CARREFOUR INTERNATIONAL SERVICES B...	33211814	100%	31/12/2011
HYPER GERMANY B.V.	33225885	100%	31/12/2011
CARREFOUR MALAYSIA SDN BHD	-	100%	-
MAGNIFICIENT DIAGRAPH SDN BHD	-	100%	-
IPER PESCARA	-	49.90%	-
CARREFOUR BELGIUM SA	448826918	100%	31/12/2011
SOVAL	847250503	100%	31/12/2011
GUILVIDIS	387514508	100%	31/12/2011
SCI DE LA FONTAINE	450642699	51%	-
IMMO ARTEMARE	514350230	51%	-
IMMODIVINE	450747050	51%	-
LA CROIX VIGNON	513620310	51%	-
LES ROIS MAGES	420958944	49%	-
CARREFOUR ASIA LTD	-	100%	-
GRANDES SUPERFICIES DE COLOMBIA	-	100%	-
CARREFOUR AMERICAS LTDA	-	100%	-
CARREFOUR ITALIA	-	100%	-
CARREFOUR DISTRIBUZIONE SRL	-	99.80%	-
CARREFOUR ITALIA MOBILE SRL	-	50%	-
P.R.M.	352442826	100%	31/12/2011
CARREFOUR MONACO	-	100%	-
CARREFOUR TRADING ASIA LTD	-	100%	-
VICOUR LIMITED	-	100%	-
CARREFOUR GLOBAL SOURCING ASIA	-	100%	-
CRFP 11	444531719	100%	31/12/2011
CARREFOUR MARCHANDISES INTERNATIONAL...	385171582	99.96%	31/12/2011
NORFIN HOLDER	551741	100%	31/12/2011
QINGDAO CARREFOUR COMMERCIAL	-	95%	-
BANCO DE SERVICIOS FINANCIEROS	2591615	60%	-
SHANGAÏ CARHUA SUPERMARKET LTD	-	55%	-
GUANGZHOU JIAGUANG SUPERMARKET CO.	-	100%	-
CHONGQING CARREFOUR COMMERCIAL CO LTD	-	65%	-
BREPA COMERCIO PARTICIPACAO LTDA	-	100%	-
IMOPAR PARTICIPACOES E ADMINISTRACAO IMO...	-	100%	-
KORCULA PARTICIPACOES	-	100%	-
LOJIPART PARTICIPAÇOES SA	-	100%	-
CARREFOUR PROMOTORA DE VENDAS E PARTICIP...	-	60%	-
AGROPECUARIA VALE DAS UVAS SARL	-	100%	-
RDC FACCOR FACTORING FOMENTO COMERCIAL L...	-	100%	-
AGROPECUARIA ORGANICA DO VALE	-	82.50%	-
CARREFOUR GALERIAS COMERCIAIS LTDA	-	100%	-
CARREFOUR PARTICIPACOES SA	-	100%	-
CARREFOUR VIAGENS E TURISMO LTDA	-	100%	-
FAZENDA SAO MARCELO SA	-	100%	-
NOVA GAULE COMERCIO E PARTICIPACOES SA	-	100%	-
CARREFOUR BANQUE	313811515	60.80%	-
GB RETAIL ASSOCIATES SA	461165615	100%	31/12/2011
MABE SA	413960762	100%	31/12/2011
BIGG'S SA	448826720	100%	31/12/2011
SOUTH MED INVESTMENTS LIMITED SA	471991904	100%	31/12/2011
FILMAR SA	421939013	100%	31/12/2011
FRESHFOOD SA	429603595	100%	31/12/2011
VEVO	-	100%	-
FILUNIC SA	412632753	100%	31/12/2011
CARGOVIL IN VEREFFENING	418814326	100%	31/12/2007
ECLAIR NV	464484696	100%	31/12/2011
VOMARKT	-	100%	-
COBRYSSE NV	423525358	100%	30/09/2012
EXTENSION BEL-TEX SA	456589292	100%	31/12/2011
CUSTOMER LOYALTY PROGRAM BELGIUM N...	471758510	100%	31/03/2009
ROB SA	402824964	100%	31/12/2011
WAPRO SPRL	413810809	100%	31/12/2011
R ET D FOOD SA	463184205	100%	31/12/2011
SOCIETE RELAIS SA	456104292	100%	31/12/2011
TECHNICAL MAINTENANCE SERVICE NV	407117809	100%	31/12/2011
STIGAM SA	414280268	100%	31/12/2011
CARUM SA	416676267	100%	31/12/2011
DAVO NV	438056750	100%	31/12/2011
DE NETELAAR SPRL	476890206	100%	31/12/2011
DIKON	-	100%	-
DIZO	-	100%	-
FIFO BVBA	866967588	100%	31/12/2011
FOMAR NV	418053568	100%	31/12/2011
FRESHCARE SPRL	477066685	100%	30/06/2011
FRESHCARE SPRL	477066685	100%	30/06/2011
GROSFRUIT SPRL	416677257	100%	31/12/2011
MULTI STORE IN VERHEFFENING BVBA	453578037	100%	31/12/2007
PLUSMARKT	-	100%	-
ROTHIDI SA	461577864	100%	31/12/2011
RULUK SA	420292783	100%	31/12/2011
SAMDIS	-	100%	-
SCHILCO SA	453577938	100%	31/12/2011
SINDIS	-	100%	-
SIVVO	-	100%	-
CARREFOUR NEDERLAND B.V.	33261494	100%	31/12/2011
MILDEW B.V.	34165076	100%	30/06/2011
CARREFOUR CHINA HOLDINGS B.V.	33276815	100%	31/12/2011
INVERSIONES PRYCA	473394	100%	-
INTERING	1167863	47.90%	-
SOCA B.V.	34183881	100%	31/12/2011
CADAM B.V.	34226248	100%	31/12/2011
ALCYON B.V.	33233026	95.90%	31/12/2011
FOURCAR B.V.	33272817	100%	31/12/2011
FOURCAR BELGIUM SA	460799587	100%	31/12/2011
CARREFOUR AMERICAS	-	100%	-
HIPERBROKER	-	65%	-
PRESICARRE	-	60%	-
INTERCROSSROADS BV	-	100%	-
FRANCOFIN B.V.	34183654	100%	31/12/2011
CARRETSTRAAT BV	-	100%	-
HOFIDIS INVESTMENT AND FINANCE INT...	33208112	100%	31/12/2011
FOURET B.V.	34239459	100%	31/12/2011
EUROPE TRADING COMPANY	-	100%	-
KRUISDAM B.V.	34215684	100%	31/12/2011
ONESIA B.V.	33276769	100%	31/12/2011
PROFIDIS	323514406	100%	31/12/2011
FINIFAC	409468857	49%	31/12/2011
SELIMA	411495369	100%	31/12/2011
JERECO	449664010	50%	28/02/2011
B.L.O DISTRIBUTION	379992787	100%	31/12/2011
BOULOGNE POINT DU JOUR	353641152	100%	31/12/2011
LA ROTONDE	419705835	45%	31/12/2011
DAUPHINOISE DE PARTICIPATIONS	337748552	100%	31/12/2011
SOC TOURANGELLE DE PARTICIPATIONS	339487787	100%	31/12/2011
SIDAMSA CONTINENTE HIPERMERCADOS	301716	100%	31/12/2010
SOCIETE D'EXPLOITATION AMIDIS ET CIE	319730339	100%	31/12/2010
BRUMAT	337730683	100%	31/12/2010
CIE D ACTIVITE ET DE COMMERCE INTE...	352860084	100%	31/12/2011
CHRISTHALIE	344389820	100%	31/12/2011
CSF	440283752	99.08%	31/12/2011
SO.DIS.CAF	398008565	100%	31/12/2011
A L L U	383966496	100%	31/12/2011
PHIVETOL	340721844	100%	31/12/2011
BERMITTO	334897220	100%	31/12/2010
CARDADEL	335014411	100%	31/12/2011
GEDEL	395104243	100%	31/12/2011
SODISAL	332161686	100%	31/12/2010
UNIVU	351914460	74%	31/12/2011
BELLEVUE DISTRIBUTION	300513041	100%	31/12/2011
CSF FRANCE	501238414	100%	31/12/2011
CHATOLAND	508622610	50%	31/10/2011
SOVIDIS	488127556	75.01%	31/12/2011
FLORITINE	391971678	100%	31/12/2011
LOVAUTO	338877897	90%	31/12/2011
LODIAF	320104193	100%	31/12/2011
LEFAUBAS	352379390	99.90%	31/12/2011
SOVIDIS	390751253	75.10%	31/12/2010
LIMADOR	347981367	99.93%	31/12/2011
PASLUD	389709510	99.94%	31/12/2011
STELAUR	349140129	99.88%	31/12/2011
ALEXANDRE	412796393	100%	31/12/2011
LA NOVAZ DISTRIBUTION SAS	607220209	33.33%	31/12/2011
CAMAVIDIS	510920044	50%	31/12/2011
LA CRAU DIS	510828718	50%	31/03/2012
TROIDIS	439817594	100%	31/12/2010
AJACCIO DISTRIBUTION	494188980	100%	31/12/2011
STROFI	421892134	100%	31/12/2011
SARL GILVER	382944684	100%	31/12/2011
ETABLISSEMENTS CATTEAU	576280101	100%	31/12/2011
IMMODIS	950340927	44%	31/12/2011
SCI RESSONS	451426910	48%	-
SCI PHILCAT	452886914	48%	-
SCI DE LA CHEVALERIE	424547511	48%	-
SCI DE SIAM	438389975	51%	-
LA GERSOISE	404428864	48%	-
SCI LA MESTRASAISE	401573555	48%	-
SCI VAUVERT CAMARGUE	404380420	48%	-
DISTRIVAL	383257938	100%	31/12/2011
ALFROY	398260950	100%	31/12/2011
SCI CHARSAC	326313426	100%	-
CLAIREFONTAINE	326964715	100%	31/12/2011
SOCIETE LUDIS	345316855	100%	31/12/2011
SIFO	401321344	93%	31/12/2011
SA SODILOC	382005916	100%	31/12/2011
SODITA	482053352	50%	29/02/2012
SOLADIS	345027171	100%	31/01/2012
SOLEDIS	401146311	98%	31/12/2011
FLORADIS	330202680	99.92%	31/12/2010
SCI SAVIMMO	341876936	100%	-
NOVIGRAY	479570798	100%	31/12/2011
UNICAGES	414855650	100%	31/12/2011
SCI DES TROIS G	347852428	97%	-
SOC CARLIER	379535909	100%	31/12/2010
SCI LA BEHUETTERIE	352295232	100%	-
CHALLENGER CAMBRAI	383424405	74%	31/12/2010
SA GIMONTOISE DE DISTRIBUTION	341002384	100%	31/12/2011
SOC ALIMENTATION GENERALE DE LA CH...	386150379	100%	31/12/2011
SUPERDIS	315399063	66.16%	31/12/2011
VIZEGU	323945154	90%	31/12/2011
SUPERDIS	315399063	33.71%	31/12/2011
MASSEINE	397833252	37.91%	30/06/2012
SEPTENDIS	493122212	100%	31/12/2011
ETADIS	440274355	100%	31/12/2011
CSF FRANCE STATIONS SERVICE	501637953	100%	31/12/2011
COVIAM 22	501638019	100%	31/12/2011
COVIAM 10	487647067	100%	31/12/2011
SA FALDIS	321446015	88.86%	31/12/2011
COVIAM 21	501637995	50%	29/02/2012
IMOREAL	330894130	100%	-
CHARTRETTES	331222604	100%	-
SCI DES GENEVRIERS	394364020	100%	-
MAXIM CREAT DEVELOP ACTIV COMM ART...	351439815	51%	-
MORTEAU DISTRIBUTION	327354981	99.96%	31/12/2011
LA ROTONDE	419705835	55%	31/12/2011
SOBRECO	379990674	74%	31/12/2010
SCI DES TOURNELLES	350323853	98%	-
SOFALINE	329303499	100%	31/12/2011
VICIENSE	387556327	100%	31/12/2011
STE CAVALAIROISE DE DISTRIBUTION	352623326	50%	31/12/2011
SCI BAILLIX	403679111	90%	-
CARIMA	518801410	100%	31/12/2011
VISAGE	400428504	100%	31/12/2011
CLAUROLIE	327136891	99.97%	31/12/2011
SARL DE LA VALLEE	384446357	74%	31/12/2011
SCI DE MONTSEC	409197951	100%	-
IMMOREBAIS	481458008	51%	-
IMMOCYPRIEN	513904722	51%	-
IMMOPOLO	501194633	51%	-
SCI LE GRAND JARDIN	340797760	73%	-
LIMADIS	518791199	50%	31/12/2011
OCDIS	378516132	57.43%	31/12/2011
PADISMA	501637920	100%	31/12/2011
PROLACOUR	380037861	100%	31/12/2011
SAMAD	339560344	100%	31/12/2011
SOBADIS	410502017	50%	31/12/2011
SNC SODIMOB	328242136	99%	31/12/2011
SCI VAUVERT CAMARGUE	404380420	52%	-
SOCIETE UBAYENNE DE DISTRIBUTION	305792657	100%	31/12/2011
SOCIETE D'EXPLOITATION PROVENCIA	326521002	50%	31/12/2011
CENTROS COMERCIALES CARREFOUR	2266201	95.90%	31/12/2011
CARREFOUR ESPANA PROPERTIES SL	-	100%	-
CARREFOUR NORTE	293450	100%	31/12/2011
SERVICIOS FINANCIEROS CARREFOUR EFC	-	51%	-
CARREFOUR CANARIAS	40382	100%	31/12/2011
CARREFOUR NAVARRA	646050	100%	31/12/2011
CARREFOURONLINE	634456	100%	31/12/2011
ESTABLECIMIENTOS DE CONVENIENCIA	-	100%	-
GROUP SUPECO MAXOR	-	100%	-
IMMOBILARIA CARREFOUR	-	100%	-
CORREDURIA DE SEGUROS CARREFOUR	148141	74.97%	31/12/2011
SOCIEDAD DE COMPRAS MODERNAS	123169	100%	31/12/2011
SUPERMERCADOS CHAMPION	193383	100%	31/12/2011
VIAJES CARREFOUR SL UNIPERSONAL	-	100%	-
PLUS SUPERMERCADOS SA	-	100%	-
TENGELMANN IBERIA SL	-	100%	-
CARREFOUR PROPERTY SANTIAGO SL	-	100%	-
PROMOHYPERMARKT AG & CO. KG	-	100%	-
CARREFOUR SUISSE	-	100%	-
PROMOHYPERMARKT AG (PHS)	-	100%	-
CARREFOUR WORLD TRADE SA	569661	100%	-
HYPERDEMA (PHS)	-	100%	-
CARREFOUR FRANCE	672050085	99.35%	31/12/2011
SOCIETE DES NOUVEAUX HYPERMARCHES	487596165	100%	31/12/2011
CARREFOUR SUPPLY CHAIN FRANCE	444531180	100%	31/12/2011
COVIAM 9	487647075	87.11%	31/12/2011
CARREFOUR SYSTEMES INFORM FRANCE	433929114	100%	31/12/2010
CARREFOUR PROPERTY FRANCE	775632169	44.68%	31/12/2010
IMMOBILIERE CARREFOUR	323439786	100%	31/12/2010
CENTRE ACTIVITES DRAGUIGNAN	353110554	97%	31/12/2011
CP TRANSACTIONS	501637607	100%	31/12/2010
CHERBOURG INVEST	452819014	48%	31/12/2009
SCI COLODOR	388890311	50%	-
SCI AVENUE	381076355	52%	-
SCI DU PLAN DE GRASSE	377617345	100%	-
SCI VICUS	333963627	100%	-
LA CHARTREUSE	349857011	100%	-
LA FONTAINE	421787086	100%	-
CARREFOUR PROPERTY GESTION	493123392	100%	31/12/2011
COVICAR 12	493123350	100%	31/12/2011
CPF ASSET MANAGEMENT	493123251	100%	31/12/2011
SCI PHILIBERT	383397049	99.93%	-
FLODIA	492374632	100%	-
SOCIETE CIVILE DU LAVEDAN	316781426	100%	-
COVICAR 9	487596181	67.89%	31/12/2010
PERPIGNAN DISTRIBUTION	451603070	100%	31/12/2010
LA CIOTAT DISTRIBUTION	451625354	100%	31/12/2010
CARREFOUR VOYAGES	379601974	100%	31/12/2010
LV-DIS	342936978	100%	31/12/2011
OOSHOP	420153538	100%	31/12/2011
CARAUTOROUTES	433970944	100%	31/12/2011
CARREFOUR HYPERMARCHES	451321335	100%	31/12/2011
CARREFOUR SERVICES CLIENTS	423697523	100%	31/12/2011
LALAUDIS SA	339176885	99%	31/12/2011
SOCIETE RIOMOISE DE DISTRIBUTION	318623790	100%	31/12/2010
GIE CHAMNORD	303543128	59.60%	-
SOC DES HYPERMARCHES DE LA VEZERE	382824761	50%	31/12/2011
SAS DISTRIMAG	301970471	50%	31/12/2011
CARREFOUR ADMINISTRATIF FRANCE	428240352	100%	31/12/2011
SOCIETE DES SUPERMARCHES DU BASSIN	324754894	50%	31/12/2011
CARFUEL	306094194	96%	31/12/2010
DEPOT PETROLIER DE LYON	408998797	50%	31/12/2011
ENTREPOT PETROLIER DE LA GIRONDE	380166975	66%	31/12/2011
EUROMARCHE	780060414	86.56%	31/12/2010
INTERDIS	421437591	71.43%	31/12/2011
COVIAM 8	487647083	97%	31/12/2011
CARCOOP	317599231	50%	31/12/2009
SOC DES GRANDS MAGASINS GARONNE ...	662720341	50%	31/12/2010
SOCIETE DE DISTRIBUTION ORNAYSIE...	788358588	100%	31/12/2011
GM CARREFOUR	314832387	50%	31/12/2011
SOCIETE FECAMPOISE DE SUPERMARCHES	305490039	100%	31/12/2011
CARREFOUR PROXIMITE FRANCE	345130488	100%	31/12/2011
MONTEL DISTRIBUTION	398834226	100%	31/12/2010
ETABLISSEMENTS LUCIEN LAPALUS ET...	795920172	100%	31/12/2011
CARMATOP	404703522	99.96%	31/12/2011
MAISON JOHANES BOUBEE	775583248	100%	31/12/2011
LOGIDIS	303010789	85.47%	31/12/2011
COMPTOIR SAVOYARD DE DISTRIBUT...	326220654	74%	31/12/2011
CSD TRANSPORT	433859154	100%	31/12/2011
LOGIDIS COMPTOIRS MODERNES	428240287	100%	31/12/2010
ALTIS	310710223	41.26%	31/12/2011
DELDIS SA	334215316	49.96%	31/12/2011
SOC FINANCEMENT DISTRIBUTION MOD...	673820601	49%	31/12/2010
PARECMI	490863503	99%	31/12/2011
SARL GERNIMES	422414078	100%	31/12/2011
SA MONTECO	385354873	99.88%	31/12/2011
V T T	433047941	90%	-
SCI DE LA SABLONNIERE	323841361	100%	-
CONTINENT 2001	430209650	100%	31/12/2010
SARL DE ST HERMENTAIRE	384235602	100%	31/12/2011
HYPERMARCHES DES 2 MERS	393248554	50%	31/12/2011
RIOM DISTRIBUTION	487596199	100%	31/12/2010
CARREFOUR ASSISTANCE A DOMICILE	487596173	100%	31/12/2011
CENTRE DE FORMATION ET COMPETENCES	433970811	100%	31/12/2011
FORUM DEVELOPPEMENT	381485176	100%	31/12/2011
FINANCIERE GERIC	399207810	34.92%	31/12/2011
COVICAR 2	440274454	100%	31/12/2011
CARREFOUR INTERACTIVE	493123095	100%	31/12/2011
SOCIETE FOUGERAISE DE DISTRIBUTION	729201384	100%	31/12/2010
LA SEE	484144399	100%	-
CARREFOUR DRIVE	519514574	99.75%	31/12/2011
CARREFOUR REGIE PUBLICITAIRE	501637540	100%	31/12/2011
GUYENNE ET GASCOGNE	780130118	96.61%	31/12/2010
GERFLO	344895206	99.96%	31/12/2011
SOC DES GRANDS MAGASINS GARONNE AD...	662720341	50%	31/12/2010
SOMAFRE	388091217	99.90%	31/12/2011
FIMASER SA	434818930	60%	31/12/2011
ACTIS	345274310	100%	31/12/2011
SCI POUR LE COMMERCE	378384002	100%	-
GENEDIS	345130512	100%	31/12/2010
GAMACASH	512549494	100%	31/12/2010
ALODIS	345130306	100%	31/12/2011
PROMOPIERRE 2	325249506	Min blocking	-
IMMODIS	950340927	56%	31/12/2011
SCI RESSONS	451426910	48%	-
SCI PHILCAT	452886914	48%	-
SCI DE LA CHEVALERIE	424547511	48%	-
SCI DE SIAM	438389975	51%	-
LA GERSOISE	404428864	48%	-
SCI LA MESTRASAISE	401573555	48%	-
SCI VAUVERT CAMARGUE	404380420	48%	-
SOCIETE PROFIDIS ET CIE	327753372	99%	31/12/2011
SOC FINANCEMENT DISTRIBUTION MOD...	673820601	50%	31/12/2010
STE IMMOBILIERE DE LA BLANCHISSERI...	325505352	100%	31/12/2011
CARVILLENEUVE	448965210	95%	-
GLORIAS PARKING	352473	47.90%	31/12/2011
DIAGONAL PARKING SL	-	55.10%	-
GMR SA	462339018	100%	31/12/2011
HYPARLO	779636174	100%	31/12/2011
HYPARMO	334440849	100%	31/12/2011
ALPI ROSA SA	33273	100%	-
HIPROMA SA	-	100%	-
CARREFOUR ROMANIE SA	-	100%	-
ARTIMA SA	-	100%	-
CARREFOUR VOIAJ	-	100%	-
CARREFOUR PARTENARIAT INTERNATIONAL	420265845	100%	31/12/2011
MONEDIS	351036017	100%	28/02/2011
SCI LES HAUTS DE ROYA	428470900	100%	-
PEGASO SPA	-	48.90%	-
INC SA	-	100%	-
CENT. DE COOR. CAR/LÚVÛQUE O. SNC	450374859	100%	31/12/2011
NORTHSHORE PARTICIPATION SA	886364719	100%	31/12/2011
FOURFINANCE HOLDING B.V. SPRL	887040056	100%	31/12/2009
SERCAR	-	100%	-
ALL IN FOOD SA	438145040	100%	31/12/2011
ANDIS BVBA	473597748	100%	31/12/2010
CARREFOUR INFORMATION SYSTEMS SA	425329459	100%	31/12/2008
CARREFOUR BULGARIA AD	-	100%	-
BEIJING CARREFOUR COMMERCIAL CO. LTD	-	55%	-
BEIJING CHAMPION SHOULIAN COMMUNITY CHAI...	-	100%	-
BEIJING CHUANGYIJIA CARREFOUR COMMERCIAL	-	100%	-
BEIJING REPRESENTATIVE OFFICE OF CARREFO...	-	100%	-
CARREFOUR CHINA MANAGEMENT & CONSULTING ...	-	100%	-
CHANGCHUN CARREFOUR COMMERCIAL CO. LTD	-	75%	-
CHANGSHA CARREFOUR HYPERMARKET	-	100%	-
CHENGDU CARREFOUR HYPERMARKET CO. LTD	-	80%	-
CHENGDU YUSHENG INDUSTRIAL DEVELOPMENT C...	-	100%	-
DALIAN CARREFOUR COMMERCIAL CO. LTD	-	65%	-
DONGGUAN DONESHENG SUPERMARKET CO	-	100%	-
DONGGUAN CARREFOUR COMMERCIAL CO. LTD	-	100%	-
FOSHAN CARREFOUR COMMERCIAL CO. LTD	-	100%	-
FUZHOU CARREFOUR COMMERCIAL CO LTD	-	100%	-
HAIKOU CARREFOUR COMMERCIAL	-	100%	-
HANGZHOU CARREFOUR HYPERMARKET CO LTD	-	80%	-
HARBIN CARREFOUR HYPERMARKET CO LTD	-	65%	-
HEFEI YUEJIA COMMERCIAL CO LTD	-	60%	-
JINAN CARREFOUR COMMERCIAL CO. LTD	-	100%	-
KUNMING CARREFOUR HYPERMARKET CO LTD	-	100%	-
NANJING YUEJIA SUPERMARKET CO. LTD	-	65%	-
NINGBO CARREFOUR COMMERCIAL	-	80%	-
NINGBO LEFU INDUSTRIAL DEVELOPMENT CO. L...	-	100%	-
SHENYANG CARREFOUR COMMERCIAL CO LTD	-	65%	-
SHENZHEN CARREFOUR COMMERCIAL	-	100%	-
SHENZHEN LERONG SUPERMARKET CO LTD	-	100%	-
SUZHOU YUEJIA SUPERMARKET CO LTD	-	55%	-
THE CARREFOUR CHINA FOUNDATION FOR FOOD ...	-	100%	-
TIANJIN FUYE COMMERCIAL CO LTD	-	55%	-
TIANJIN QUANYE CARREFOUR HYPERMARKET CO....	-	65%	-
WUHAN HANFU SUPERMARKET CO LTD	-	100%	-
WUXI YUEJIA COMMERCIAL CO. LTD	-	55%	-
XIAMEN CARREFOUR COMMERCIAL CO. LTD	-	100%	-
XIAN CARREFOUR HYPERMARKET CO. LTD	-	100%	-
XINJIANG CARREFOUR HYPERMARKET	-	100%	-
XUZHOU YUEJIA COMMERCIAL CO. LTD	-	60%	-
ZHENGZHOU YUEJIA COMMERCIAL CO. LTD	-	60%	-
ZHUHAI LETIN SUPERMARKET CO LTD	-	100%	-
ZHUZHOU CARREFOUR COMMERCIAL CO. LTD	-	100%	-
CARREFOUR CREDIT	-	50%	-
GUEDO HOLDING LTD	-	47.50%	-
CARREFOUR INDIA MASTER FRANCHISE LTD	-	100%	-
CARREFOUR WC & C INDIA PRIVATE LTD	-	100%	-
CARREFOUR INSURANCE LTD	-	100%	-
SHIJIAZHUANG CARREFOUR COMMERCIAL CO. LT...	-	51%	-
ETNASTORE SPA	-	99.80%	-
LOGIDIS ITALIA SRL	-	99.80%	-
SVILUPPO ALIMENTARE SRL	-	99.80%	-
ALFA SHOPPING CENTER	-	100%	-
USTI NAD LABEM SHOPPING CENTER	-	100%	-
SHOPPING CENTRE KRAVOLO POLE	-	100%	-
CARREFOUR SOUTH EAST ASIA	-	100%	-
ATERAITA	-	100%	-
CARREFOUR SLOVENSKO	-	100%	-
ATACADAO DISTRIBUICAO COMERCIO E INDUSTR...	-	100%	-
ZAP	-	100%	-
DEURNE RETAIL ASSOCIATE SA	893623287	100%	31/12/2011
HEPPEN RETAIL ASSOCIATE SA	893618933	100%	31/12/2011
VANDEN MEERSSCHE NV	-	100%	-
PIRAIKO SA	-	50%	-
S.L.I.D.I. SRL	-	99.80%	-
VELASQUES SA	-	100%	-
NOU QUALITY SYSTEM SRL	-	100%	-
TERRA ACHIZITII SRL	-	100%	-
CARREFOUR RUSS LLC	-	100%	-
CRFP 13	487564759	100%	31/12/2011
CARREFOUR PROPERTY DEVELOPMENT	381844471	93.68%	31/12/2010
SNC CENTRE COMMERCIAL LESCAR	332976976	100%	31/12/2011
IPEK	-	100%	-
CARREFOUR PROCUREMENT INTERNATIONAL AG &...	-	100%	-
CASA LOZANO	-	94%	-
BRUGGE RETAIL NV	893621903	100%	31/12/2011
CARREFOUR FINANCE SA	819631489	100%	30/12/2011
GENT DAMPOORT RETAIL ASSOCIATE SA	893619923	100%	31/12/2011
HALLE RETAIL ASSOCIATE SA	893617448	100%	31/12/2011
LA LOUVIÈRE RETAIL ASSOCIATE SA	893617151	100%	31/12/2011
OUDENARDE RETAIL	-	100%	-
QUIÉVRAIN RETAIL ASSOCIATE SA	893619725	100%	31/12/2011
ELYSEE COMERCIO E INDUSTRIA LTDA	-	100%	-
TONIPART PARTICIPACÒES EMPRESARIAIS LTDA	-	100%	-
SHANDONG CARREFOUR COMMERCIAL CO. LTD	-	100%	-
CARREFOUR FINANCE	-	100%	-
TIANJIN JIAFU COMMERCIAL CO. LTD	-	100%	-
CHRISTHIA	349494716	100%	31/12/2011
SICHUAN CARREFOUR COMMERCIAL CO. LTD	-	100%	-
NUEVO MERCADEFAM SA	-	100%	-
CARREFOUR PROPERTY B.V.	34239901	100%	31/12/2011
CARREFOUR PROPERTY ROUMANIA	-	100%	-
CRFP 14	487564742	100%	31/12/2011
CRFP 15	487564767	100%	31/12/2011
DELDIS SA	334215316	50.04%	31/12/2011
SCI DES TOURNELLES	423382902	100%	-
IMMO LAILLE	481117059	100%	-
ATACADAO SA	-	100%	-
SODINI	524728508	100%	31/12/2011
POSTO ARRUDA PEREIRA	-	100%	-
HEBEI BAOLONGCANG CARREFOUR COMMERCIAL C...	-	51%	-
CHANGZHOU YUEDA CARREFOUR COMMERCIAL CO....	-	60%	-
GUIZHOU CARREFOUR COMMERCIAL CO. LTD	-	100%	-
ATACADAO DE COLOMBIA SAS	-	100%	-
CONSORZIO CSA	-	33.30%	-
CARREFOUR FRANCE PARTICIPATIONS	433926979	100%	31/12/2011
SCI DE JENTILLAT	338639081	98%	-
SCI DE LA CHEVALERIE	424547511	52%	-
DE LA COQUERIE	409694502	51%	-
SCI DES FRONDAISONS	321317471	100%	-
SCI ECALHAN	437675119	51%	-
IMMAUFFAY	498463629	51%	-
SCI IMMO VOUNEUIL	453522468	51%	-
SCI IMMOLOUBES	450478847	51%	-
IMMOPOLO	501194633	49%	-
SCI IMMOTOURNAY	453514499	51%	-
LA BAUDRIERE	453416612	51%	-
LANN KERGUEN	451001762	51.30%	-
SCI LE BOURG	333659076	100%	-
SCI LES ACACIAS	442900353	51%	-
LES ROIS MAGES	420958944	51%	-
SCI LES TASSEAUX	437990609	51%	-
SCI LES VALLEES	450191309	51%	-
LIMADIS	518791199	50%	31/12/2011
OCDIS	378516132	42.57%	31/12/2011
ON LINE CARREFOUR	440274611	100%	31/12/2011
POTIMMO	503883423	100%	-
SAM PROSPECTIVE	-	90%	-
SCI SELOJA	438958910	51%	-
SCI SIGOULIM	450609433	51%	-
SOBADIS	410502017	50%	31/12/2011
SO.PRO.MAL	414690560	100%	31/12/2010
SCI TERTRA	449040666	51%	-
VASSYMMO	493845416	51%	-
VIERDIS	350816344	100%	31/12/2011
VITARIM	450404041	100%	-
COMERCIAL DE ALIMENTOS CARREFOUR SA	-	100%	-
FOCCAR INTERMEDIACAO DE NEGOCIOS LTDA	-	100%	-
TROPICARGAS TRANSPORTES LTDA	-	100%	-
HUHHOT CARREFOUR COMMERCIAL COMPANY CO. ...	-	100%	-
NANCHANG YUEJIA COMMERCIAL CO. LTD	-	60%	-
QUIJING CARREFOUR HYPERMARKET CO. LTD	-	100%	-
SHANGHAI GLOBAL SOURCING CONSULTING CO. ...	-	100%	-
SHANXI YUEJIA COMMECIAL CO. LTD	-	55%	-
ZHUHAI CARREFOUR COMMERCIAL CO. LTD	-	100%	-
CONSORZIO PROPRIETARI CENTRO COMMERCIALE...	-	89%	-
CONSORZIO PROPRIETARI CENTRO COMMERCIALE...	-	76.80%	-
CONSORZIO PROPRIETARI CENTRO COMMERCIALE...	-	54.10%	-
CONSORZIO PROPRIETARI CENTRO COMMERCIALE...	-	87.20%	-
CONSORZIO PROPRIETARI CENTRO COMMERCIALE...	-	52.80%	-
CONSORZIO PROPRIETARI CENTRO COMMERCIALE...	-	57.80%	-
CONSORZIO PROPRIETARI CENTRO COMMERCIALE...	-	84.20%	-
SCARL SHOPVILLE GRAN RENO	-	57.70%	-
WIGRY	-	100%	-
AS CANCELAS S XXI SL	-	47.90%	-
CONSORZIO CIEFFEA	-	49.90%	-
CONSORZIO PROPRIETARI CENTRO COMMERCIALE...	-	49.90%	-
CONSORZIO PROPRIETARI CENTRO COMMERCIALE...	-	33.30%	-
CONSORZIO PROPRIETARI CENTRO COMMERCIALE...	-	46.30%	-
SCARL SHOPVILLE LE GRU	-	39.30%	-
DE LA BUHUETTERIE	-	100%	-
MATOLIDIS	-	100%	-
SCI LATOUR	-	60%	-

Linkages

Ultimate parent company	CARREFOUR
Direct parent	CARREFOUR - 100 %
Group – Number of companies	553
Linkages – Number of companies	1131
Number of countries	80

Company Name	SIREN	Last account	Turnover
BNP PARIBAS U.K. HOLDINGS LIMITED	02106892	31/12/2011	0 £
BNP PARIBAS CARDIF	382983922	31/12/2011	1 309 €
TAITBOUT PARTICIPATION 3 SNC	433912250	31/12/2011	0 €
FORTIS PROPRIETARY INVESTMENT (IRELAND) ...	IE371449	31/12/2010	260 295 031 €
OMNIUM GESTION DEVELOPPEMENT IMMO-OGDI	632016010	31/12/2011	0 €
BNP PARIBAS S.B RÉ	B145794	31/12/2011	20 036 607 €
BNP PARIBAS FLEET HOLDINGS LIMITED	03997584	31/12/2011	0 £
FINANCIERE DES ITALIENS	422994954	31/12/2011	0 €
OPTICHAMPS	428634695	31/12/2011	0 €
PARTICIPATIONS OPERA	451489785	31/12/2011	0 €
COMPAGNIE D'INVESTISSEMENTS DE PARIS	311689178	31/12/2011	0 €
BNP PARIBAS REAL ESTATE	692012180	31/12/2011	42 183 724 €
SOCIETE ORBAISIENNE DE PARTICIPATIONS	428753479	31/12/2011	19 204 254 €
GESTION ET LOCATION HOLDING	401333711	31/12/2011	15 535 555 €
BNP PUK HOLDING LIMITED	02028843	31/12/2011	0 £
FIDEX HOLDINGS LIMITED	03618931	31/10/2011	0 £
FINANCIERE BNP PARIBAS	344709415	31/12/2011	0 €
FORTIS INTERNATIONAL FINANCE (DUBLIN)	IE086266	31/12/2011	6 476 991 €
COMPAGNIE D'INVESTISSEMENT ITALIENS	494166614	31/12/2011	0 €
COMPAGNIE D'INVESTISSEMENT OPERA	494166622	31/12/2011	0 €
ATARGATIS	480803972	30/11/2011	0 €
MEDITERRANEA	480805258	30/11/2010	0 €
FINANCIERE TAITBOUT	488923319	30/11/2011	0 €
FINANCIERE PARIS HAUSSMANN	488933649	31/12/2011	0 €
BNP PARIBAS UK LIMITED	01488108	31/12/2011	29 406 000 £
ANTIN PARTICIPATION 5	433891678	31/12/2010	0 €
LASER	947251963	31/12/2011	775 191 €
GLB INTERNATIONAL	422132605	31/12/2009	0 €
BNP PARIBAS CAPITAL INVESTMENTS LIMITED	01960531	31/12/2008	0 £
LEVAL 20	411993157	31/12/2012	0 €
VON ESSEN GMBH & CO. KG BANKGESELLSCHAFT	HRA 4189	31/12/2011	117 327 621 €
BNP PARIBAS DEVELOPPEMENT	348540592	31/12/2011	0 €
BNP PARIBAS ASSET MANAGEMENT	319378832	31/12/2011	779 417 702 €
EPL	433911435	31/12/2011	0 €
FORTIS HOLDING MALTA B.V.	34154814	31/12/2011	-
CAPITAL FRANCE HOTEL SCA	494620602	31/12/2011	0 €
BNP PARIBAS COMMODITY FUTURES LIMITED	02391477	31/12/2011	123 964 588 £
BNP PARIBAS BDDI PARTICIPATIONS	433891983	31/12/2011	0 €
CETELEM BENELUX B.V.	33217494	31/12/2010	-
ARVAL SERVICE LEASE	352256424	31/12/2011	826 380 348 €
GROUPE BERGER	493856835	31/12/2011	1 431 220 €
BNP PARIBAS FINANCE P.L.C.	00430987	31/12/2011	373 000 £
BNP PARIBAS UK TREASURY LIMITED	02862978	31/12/2010	146 000 £
GEOFINANCE N.V.	33225202	31/12/2011	-
SAS SECMARNE	309660504	31/12/2011	45 197 186 €
BNP PARIBAS PUBLIC SECTOR SCF	433932811	31/12/2008	0 €
BNP PARIBAS INVESTMENT PARTNERS	682001904	31/12/2010	2 340 000 €
SCI RUEIL CAUDRON	393398441	31/12/2003	7 623 804 €
BNP PARIBAS FIN'AMS	454084237	31/12/2005	0 €
ARVAL DEUTSCHLAND GMBH	HRB 132025	31/12/2011	305 797 032 €
FIMAPIERRE	398784173	31/12/2011	0 €
ARVAL UK GROUP LIMITED	01534653	31/12/2011	3 259 785 000 £
DARNELL LIMITED	IE104844	31/12/2011	200 762 000 €
SCI HUGO VINCI	383156841	30/09/2005	0 €
ARIUS	383759289	31/12/2011	256 744 651 €
NUMAFI	488454505	30/09/2008	706 003 €
NEWCOMEX	478376288	31/12/2011	2 586 170 €
ARVAL LIMITED	03171162	31/12/2011	144 488 000 £
VERNER INVESTISSEMENTS	388271298	31/12/2011	0 €
ARVAL ECL	352246110	31/12/2011	26 146 466 €
BABY GIFT INTERNATIONAL SYSTEM	487503674	31/12/2008	405 000 €
FINANCIERE GOA	509211843	31/12/2011	4 942 898 €
BNP PARIBAS REAL ESTATE INVESTMENT MANAG...	B151308	31/12/2011	1 737 590 €
CAMGESTION	410346886	31/12/2011	70 801 494 €
BNP PARIBAS INTERNATIONAL B.V.	33244561	31/12/2009	-
INTERCROSS ROADS B.V.	33278970	31/12/2011	-
LEVAL 3	403243876	31/12/2011	0 €
CSACL TIGER FINANCE	501447791	31/12/2011	18 761 319 €
PHH INVESTMENT SERVICES LIMITED	01083134	31/12/2008	0 £
PHH FINANCIAL SERVICES LIMITED	02212234	31/12/2011	21 535 000 £
GREENVAL INSURANCE COMPANY LIMITED	IE432783	31/12/2011	32 713 000 €
BNP PARIBAS FUND SERVICES FRANCE	409023835	31/12/2011	47 956 789 €
COMMERZ FINANZ GMBH	HRB 2066	31/12/2011	441 933 889 €
SOC CIVIL ETUD AMENAGEM CENTR AFFA RUN	784880130	31/12/2011	35 461 046 €
BNP PARIBAS REAL ESTATE HOLDING GMBH	HRB 3809	31/12/2010	67 918 511 €
CLAAS FINANCIAL SERVICES LIMITED	05854271	31/12/2011	11 771 000 £
CARREFOUR INSURANCE LIMITED	IE395230	31/12/2011	13 509 447 €
THEAM	428753214	31/12/2011	53 378 614 €
CHINA NEWINE FINANCE 3	487604332	31/12/2011	7 895 434 €
LE SPHINX ASSURANCES LUXEMBOURG S.A.	B108103	31/12/2011	24 628 112 €
BNP PARIBAS REAL ESTATE ADVISORY & PROPE...	04176965	31/12/2011	58 799 000 £
SAS CRISTOLIENNE DE PARTICIPATIONS	381308808	31/12/2011	0 €
CHINA SAMANTHA FINANCE 4	479751216	31/12/2011	8 381 308 €
SINGAPORE EMMA FINANCE 1	428750343	31/12/2011	14 093 594 €
CHINA SAMANTHA FINANCE 3	451039820	31/12/2011	7 965 986 €
BNPPRE FINANCIAL PARTNER	400071981	31/12/2011	0 €
CHINA SAMANTHA FINANCE 2	451039952	31/12/2011	7 961 694 €
CHINA SAMANTHA FINANCE 1	479750663	31/12/2011	7 793 933 €
GESTIMUR	350213138	31/12/2011	85 852 €
SINGAPORE EMMA FINANCE II	451054001	31/12/2011	13 245 210 €
COFIPARC	389390626	31/12/2010	104 625 000 €
LAFFITTE PARTICIPATION 22	479751570	31/12/2011	0 €
PORTZAMPARC SOCIETE DE BOURSE	786001339	31/12/2007	9 130 340 €
CHINA NEWINE FINANCE 2	487604472	31/12/2011	4 612 465 €
BNP PARIBAS REIM FRANCE	300794278	31/12/2011	53 501 293 €
REUMAL INVESTISSEMENTS	419768908	31/12/2011	0 €
CHINA SAMANTHA FINANCE 8	479759813	31/12/2011	4 555 157 €
CHINA SAMANTHA FINANCE 9	479760233	31/12/2011	4 573 163 €
2007 PANDA FINANCE 2	487604548	31/12/2011	3 523 292 €
SINTO	410309033	31/12/2008	11 326 728 €
BNP PAM PARTICIPATIONS	390265536	31/12/2011	0 €
CHINA MARIE FINANCE 1	487604357	31/12/2011	3 549 359 €
CHINA MARIE FINANCE 2	487604571	31/12/2011	3 441 389 €
AL - KHATTIYA LEASING	451042808	31/12/2011	8 551 446 €
INVESTMENT FUND SERVICES LIMITED	06110770	31/12/2011	1 921 842 £
2008 PANDA FINANCE 11	479811374	31/12/2011	3 090 301 €
2008 PANDA FINANCE 7	479811853	31/12/2011	3 143 688 €
2008 PANDA FINANCE 6	479811275	31/12/2011	3 062 011 €
2008 NEWINE FINANCE 5	501447551	31/12/2011	4 360 462 €
IMMOBILIERE DES BERGUES	392573481	31/12/2011	450 000 €
PROTECTION 24	420127128	31/12/2011	19 987 860 €
CHINA JENNA FINANCE 3	451042766	31/12/2011	3 754 679 €
A ET A MADER	409886496	31/12/2011	1 415 761 €
CHINA JENNA FINANCE 2	451042576	31/12/2011	3 681 273 €
CHINA JENNA FINANCE 1	479759565	31/12/2011	3 657 204 €
CHINA NEWINE FINANCE 1	487604282	31/12/2011	3 849 275 €
KLELINE GESTION	403525173	31/12/2011	0 €
CHINA LUCIE FINANCE 1	479767139	31/12/2011	3 516 674 €
CHINA LUCIE FINANCE 3	479759755	31/12/2011	3 545 266 €
CHINA LUCIE FINANCE 2	479760027	31/12/2011	3 495 684 €
2009 KOALA FINANCE-MSN 36742	501447601	31/12/2011	3 951 231 €
CHINA NEWINE FINANCE 4	487604191	31/12/2011	3 193 222 €
APROLIS FINANCE	337646798	31/12/2011	80 246 284 €
HENDERSON INT PROPERTY INVEST COMPANY	505397885	31/03/2011	0 €
BNP PARIBAS VARTRY REINSURANCE LIMITED	IE334578	31/12/2011	0 €
BNP PARIBAS PRIVATE EQUITY	348541145	31/12/2011	10 709 339 €
FUNDQUEST	398663401	31/12/2011	48 486 069 €
EURO SECURITIES PARTNERS	440707834	31/12/2011	31 452 513 €
CHINA SAMANTHA FINANCE 6	479751174	31/12/2011	3 376 592 €
CHINA SAMANTHA FINANCE 5	479751208	31/12/2011	3 403 188 €
CHINA SAMANTHA FINANCE 7	479760159	31/12/2011	3 155 544 €
2008 MARIE FINANCE	479811283	31/12/2011	3 729 296 €
BNP PARIBAS INVESTMENT PARTNERS LUXEMBOU...	B27605	31/12/2011	881 524 668 €
BNP PARIBAS IMMO RESID TRANSAC CONSEIL	429167075	31/12/2011	31 465 028 €
CHINA SAMANTHA FINANCE 10	479760209	31/12/2011	3 589 061 €
BNPPI RESIDENTIEL	441052735	31/12/2011	11 342 261 €
BNP PRE TRANSACTION FRANCE	329570857	31/12/2011	89 369 246 €
COSIMO	504740242	31/12/2011	50 224 €
SWAN 2	501447254	31/12/2011	3 277 378 €
FIDEX LIMITED	03619144	31/12/2011	2 308 308 £
SWAN 3	501447387	31/12/2011	2 943 624 €
CONSEIL INVESTISSEMENT SNC	702001868	31/12/2011	3 958 802 €
PUBLIC LOCATION LONGUE DUREE	420189409	31/12/2011	44 331 685 €
CARMA GRAND HORIZON SARL	448452110	31/12/2011	3 813 362 €
ESRA 1	487604258	31/12/2011	3 727 480 €
ESRA 2	487604498	31/12/2011	3 730 208 €
SWAN 1	479811440	31/12/2011	2 777 946 €
MANITOU FINANCE LIMITED	02308212	31/12/2011	2 278 000 £
HUMBERCLYDE COMMERCIAL INVESTMENTS LIMIT...	02609214	31/12/2011	389 000 £
CAMOMILE INVESTMENTS UK LIMITED	05049686	31/12/2010	4 587 £
BNP PARIBAS BERGERE 2	418964375	31/12/2011	8 976 866 €
TROIS CHENES INVEST	477506901	31/12/2011	0 €
SAS CENINVE	642013338	31/12/2011	0 €
SOCIETE SAPEXI	732045612	31/12/2011	0 €
ESRA 3	487604506	31/12/2011	2 986 580 €
EFFICO	348884594	31/12/2011	23 528 949 €
SAME DEUTZ-FAHR FINANCE LIMITED	03492006	31/12/2011	887 000 £
ARTEGY	424261642	31/12/2011	120 508 735 €
PRODUITS BERGER	552087777	31/12/2011	29 905 153 €
BNP PARIBAS REAL ESTATE ADVISORY AND PRO...	IE419872	31/12/2011	-
AZULIS CAPITAL	424366839	31/12/2011	6 632 993 €
BNP PARIBAS REAL ESTATE INVESTMENT SCE	481785970	31/12/2011	657 716 €
CLEOR	413873670	28/02/2011	35 091 424 €
ANTIN INFRASTRUCTURE PARTNERS	487530677	31/12/2011	16 571 362 €
D'HAUSSY IMPRIMEURS	342540036	31/12/2005	35 791 895 €
ARVAL TRADING	422852244	31/12/2011	76 990 580 €
BNP PARIBAS PROPERTY	784194144	31/12/2011	216 305 €
TOULOUSE PARFUM INDUSTRIE	445398837	31/12/2009	1 048 002 €
ARVAL UK LIMITED	01073098	31/12/2011	2 200 119 000 £
ENER ALPHA	443422902	31/12/2011	780 000 €
LANDSPIRE LIMITED	02560796	31/12/2011	0 £
BNP PARIBAS PARTICIPATIONS	712016047	31/12/2011	0 €
QUOTATIS GROUPE	424057495	31/12/2007	7 494 352 €
BNP PARIBAS IMMOB PROMO RESIDENTIEL	421291899	31/12/2011	25 794 861 €
BNP PARIBAS IMMOB PROMO IMMOB D ENTR	421292079	31/12/2011	27 857 023 €
CARDIF SERVICES SAS	504342171	31/12/2011	6 457 002 €
OPTIMUM	391267549	31/12/2008	43 818 607 €
NUMALLIANCE	401224811	30/09/2008	0 €
LES TROIS CHENES	392367959	31/12/2011	18 789 789 €
WARRANTY DIRECT LIMITED	03233010	31/12/2011	8 454 528 £
AUTOVALLEY	403188949	31/12/2011	23 811 553 €
BRUNEL CHIMIE DERIVES	378517148	31/12/2008	42 316 580 €
GALEDO	302714928	31/12/2011	17 559 552 €
AUTOP OCEAN INDIEN	379293400	31/12/2008	19 321 460 €
ARVAL BUSINESS SERVICES LIMITED	01328211	31/12/2011	475 000 £
BNP PARIBAS REPM FRANCE SAS	337953459	31/12/2011	35 123 638 €
BNP PARIBAS NET LIMITED	01557788	31/12/2011	19 773 000 £
SOCIETE NOUVELLE ROSSIGNOL	397963844	31/12/2011	22 093 568 €
BNP PARIBAS FORTIS FUNDING	B24784	31/12/2010	-
BRANDALLEY	482510906	31/12/2009	37 819 923 €
BNP PARIBAS PARTNERS FOR INNOVATION	433910247	31/12/2011	397 910 320 €
RAYNIER MARCHETTI	441256229	31/12/2010	623 130 €
BNP PARIBAS REAL ESTATE CONSULT	398514190	31/12/2011	9 832 670 €
BANEXI VENTURES PARTNERS	424367035	31/12/2011	3 360 097 €
BNP PARIBAS REAL ESTATE ADVISORY & PROPE...	B38058	31/12/2011	-
BNP PARIBAS CARDIF B.V.	20100169	31/12/2011	-
AUXILIAIRE CONSTRUCTION IMMOBILIERE	542095450	31/12/2011	0 €
BNP PARIBAS LEASE GROUP PLC	02341989	31/12/2011	0 £
PORTZAMPARC GESTION	326991163	31/12/2011	5 086 091 €
SOCIETE B.P.C DEVELOPPEMENT	334937794	31/12/2011	0 €
LABORATOIRE CEVRAI F.C.V.	380307843	31/12/2011	4 090 012 €
ARVAL LUXEMBOURG S.A.	B57655	31/12/2010	22 748 899 €
FRANCE TITRISATION	353053531	31/12/2010	2 433 804 €
MULTI VEST FRANCE 4 SAS	434672135	31/12/2011	0 €
EFFINEO	448459339	31/12/2008	625 039 €
SERVICES EPARGNE ENTREPRISE	444854657	31/12/2011	56 031 610 €
AC CONSEIL	477552269	31/12/2011	0 €
SEGUIN-FOLLET SAS	692024193	31/12/2011	12 946 529 €
KIT DIGITAL FRANCE	449048701	31/12/2010	5 894 401 €
SOC IMMOBILIERE DU MARCHE SAINT HONORE	350837209	31/12/2010	8 324 802 €
C MA LEASE	414700286	31/12/2010	3 196 805 €
SINVIM ET CIE SOC EN NOM COLLECTIF	662004183	31/12/2005	0 €
NORBAIL LOCATION	381537331	31/12/2011	0 €
WEATHERALLS CONSULTANCY SERVICES LIMITED	01412123	31/12/2010	-
FINANCIERE BLEUE	493297576	28/02/2010	564 558 €
LEVAL DEVELOPPEMENT	342911625	31/12/2011	11 405 689 €
LABORATOIRES HERBATECH	439074246	31/12/2011	1 929 264 €
CARDIF SERVICES B.V.	20081906	31/12/2011	-
BOIS SECS DE BOURGOGNE	516920188	31/12/2011	8 255 577 €
BNP PARIBAS REAL ESTATE PROJECT SOLUTION...	HRB 49585	31/12/2008	2 636 431 €
ATLANTEAM DEVELOPPEMENT	435240379	31/12/2006	610 392 €
BNP PARIBAS IMMOBILIER RESIDENCES SCE	378888796	31/12/2011	5 896 379 €
ASSET PARTNERS	453135709	31/12/2011	646 590 €
GROEIVERMOGEN N.V.	30137781	31/12/2011	-
INSINGER DE BEAUFORT ASSET MANAGEMENT N....	33055195	31/12/2011	-
MANUSEC	306881020	31/12/2011	5 165 920 €
BNP PARIBAS REAL ESTATE VALUATION FRAN	327657169	31/12/2011	11 791 569 €
OPERA EXPRESS	415027184	31/12/2011	0 €
MOBIBASE	444158265	31/12/2010	3 121 655 €
BANK INSINGER DE BEAUFORT SAFE CUSTODY N...	33193786	31/12/2011	-
SOC HERICOURTAINEDE PARTICIPATIONS	404423741	31/12/2011	0 €
CNH CAPITAL EUROPE B.V.	33015645	31/12/2011	-
SOCIETE MARLOISE DE PARTICIPATIONS	424424620	31/12/2011	0 €
KLEQUATORZE	349602045	31/12/2011	0 €
METROPOLE CONSEIL	409896396	31/12/2011	903 661 €
SOC F.G. INGENIERIE PROMOTION IMMOBILI	424279701	31/12/2011	50 863 €
ALT-S2	428633283	31/12/2011	0 €
TUILERIES FINANCEMENT 2	451031074	31/12/2011	2 315 664 €
TUILERIES FINANCEMENT 3	451035505	31/12/2011	2 295 035 €
ESOMET	451489165	31/12/2010	13 415 197 352 €
BNP PARIBAS HOME LOAN SFH	454084211	31/12/2005	0 €
AUGUSTE-THOUARD EXPERTISE	487532004	31/12/2011	1 012 343 €
BNP PARIBAS SERVICES MONETIQUES	906050299	31/12/2011	374 644 €
BNP PARIBAS REAL ESTATE HOTELS FRANCE	384615589	31/12/2011	1 309 842 €
PROJEO	482025525	31/12/2005	0 €
LA FINANCIERE PASS	487647117	31/12/2011	741 207 €
D'HAUSSY STRASBOURG	497671370	31/12/2010	11 675 824 €
BNP PARIBAS IMMOBILIER REDISENTIEL V2I	504919036	31/12/2011	1 195 270 €
BOUG B.V.	34185092	25/03/2011	-
PROMOHYPERMARKT INTERNATIONAL GMBH	HRB 5682	31/12/2006	-
ALL-IN-ONE VERMIETUNGSGESELLSCHAFT FÜR T...	HRB 33806	31/12/2011	21 621 315 €
INSINGER DE BEAUFORT ASSOCIATES B.V.	17042828	31/12/2011	-
ALANDES B.V.	34130915	31/12/2011	-
DIKODI B.V.	33224218	31/12/2011	-
KLEIN HANEVELD CONSULTING B.V.	27140856	31/12/2011	-
ASTIR B.V.	34204133	31/12/2010	-
BNP PARIBAS ISLAMIC ISSUANCE B.V.	34249123	31/12/2011	-
LEVERAGED FINANCE EUROPE CAPITAL V B.V.	34270400	31/12/2011	-
KLERIM CIE SOC NOM COLLECTIVE	303264246	31/12/2011	0 €
SCI FRANCE CONGRES	347649766	31/12/2012	0 €
COMPAGNIE REALISATION IMMOBILIERE SNC	414660753	31/12/2011	1 044 161 €
54 LOMBARD STREET INVESTMENTS LIMITED	02955738	31/12/2011	0 £
R.M.D. RECONSTRUCTION MOTEURS DIESEL	478170483	31/12/2011	187 324 €
KLERIM PARTICIPATION	381061936	31/12/2011	0 €
PARTNER'S & SERVICES	414444307	31/12/2011	181 456 €
BNP PARIBAS IMMOB RESIDEN SCE CLIENTS	429443583	31/12/2011	2 298 963 €
SNC BOULOGNE LOGEMENTS	408766996	31/12/2012	0 €
SNC LE PARC ALESIA MONTSOURIS	413931825	31/12/2012	0 €
SNC LES RESIDENCES DU VAL D'EUROPE	429484678	31/12/2012	0 €
SNC CARON SURESNES	430471953	31/12/2012	0 €
SNC LES EXCLUSIVES DE COMBS LA VILLE	432014017	31/12/2012	0 €
SNC MARCEAU COURBEVOIE	433253531	31/12/2012	0 €
SNC A4B SEINE	435071691	31/08/2012	0 €
LES RESIDENCES	351700075	31/12/2011	1 536 688 €
COMMERCIAL VEHICLE FINANCE LIMITED	02335496	31/12/2011	5 303 000 £
ALBURY ASSET RENTALS LIMITED	02335505	31/12/2011	13 011 000 £
SNC RUEIL PAUL HEROULT	531392769	31/12/2011	38 532 €
ARVAL BENELUX B.V.	30092677	31/12/2011	-
BNP PARIBAS REAL ESTATE FACILITIES MANAG...	01365345	31/12/2011	5 539 615 £
BNP PARIBAS CMG LIMITED	02028765	30/12/2011	0 £
VALUATION CONSULTING CO LTD	06919958	30/06/2011	-
UTEXAM LIMITED	IE142092	31/12/2011	25 214 €
OMEGA CAPITAL FUNDING LIMITED	IE429901	31/12/2011	1 325 199 €
CAPSTAR PARTNERS LIMITED	03869518	31/12/2009	501 030 £
BNP PARIBAS REAL ESTATE INVESTMENT MANAG...	05952742	31/12/2011	1 864 336 £
HUMBERCLYDE INDUSTRIAL FINANCE LIMITED	00311355	31/12/2010	-
UFB ASSET FINANCE LIMITED	02006549	30/09/2010	-
HFGL LIMITED	02133093	31/12/2011	-
GENERALE BRANCH (NOMINEES) LIMITED	02281595	31/12/2011	-
HUMBERCLYDE COMMERCIAL INVESTMENTS (NO. ...	02424776	31/12/2011	-
HUMBERCLYDE COMMERCIAL INVESTMENTS (NO. ...	02429173	31/12/2009	-
BNP PARIBAS E & B LIMITED	02475238	31/12/2011	-
DIAMOND FINANCE (UK) LIMITED	03209038	31/12/2009	-
BNP PARIBAS FUND SERVICES UK LIMITED	03299966	31/12/2011	-
FUNDQUEST (HOLDINGS) LIMITED	03771034	31/12/2011	77 157 £
ARVAL PHH HOLDINGS (UK) UNLIMITED	03997864	31/12/2011	0 £
INTERCROSSROADS UK LIMITED	04825408	31/12/2011	-
ARTEGY LIMITED	04960923	31/12/2011	12 296 000 £
CMV MEDIFORCE	306591116	31/12/2011	0 €
BNP PARIBAS EQUITIES FRANCE	320495658	31/12/2009	0 €
BNP PARIBAS ARBITRAGE	394895833	31/12/2011	0 €
B CAPITAL	399223437	31/12/2011	0 €
SNC LES OLIVIERS D'ANTIBES	403287857	31/12/2011	0 €
CARDIF I-SERVICES	410350250	31/12/2011	0 €
UCB ENTREPRISES	414603712	31/12/2011	0 €
NORRSKEN FINANCE	414701334	31/12/2011	0 €
CAMGESTION CONVERTIBLES EUROPE	414958264	30/09/2012	0 €
SAME DEUTZ FAHR FINANCE	419057690	31/12/2007	0 €
CASANOVA PARTICIPATION 5	433890951	31/12/2009	0 €
TAITBOUT PARTICIPATION 4 SNC	433912771	31/12/2010	0 €
ATELIER SERVICES	433912862	31/12/2011	0 €
SNC DU CHERCHE MIDI	442650107	31/12/2012	0 €
AUSTIN FINANCE	485260640	31/12/2011	0 €
CAFINEO	501103337	31/12/2008	0 €
CARDIF ASSURANCE VIE	732028154	31/12/2010	0 €
CARREFOUR PROCUREMENT INTERNATIONAL AG &...	HRA 300446	31/12/2011	232 762 079 €
ASSU VIE	999990666	31/12/2011	0 €
BGL BNP PARIBAS	B6481	31/12/2011	947 300 000 €
HUMBERCLYDE FINANCE LIMITED	SC049331	31/12/2010	-
ACE LEASING B.V.	09072258	-	-
UKRSIBBANK	10051304	-	-
TEJAVANA UNO	101696	-	-
INVERSIONES RO	104547	-	-
COMPANIA DE SEGUROS DE VIDA CO	106025	-	-
INVERSIONES FINVISA	1086619	-	-
TELFINCA	133517	-	-
CARDIVIDA CORREDURIA DE SEGUROS	137448	31/12/2011	-
ERTECO	1506845	-	-
FORTIS VASTGOED LEASE B.V.	16074313	-	-
AGRILEASE B.V.	16079962	-	-
BNP PARIBAS (SUISSE) SA	1618	-	-
FORTIS ENERGY LEASING X 2 B.V.	17172464	-	-
MEUNIER HISPANIA	174095	-	-
AUTOCENTER DELAUTO	18744	-	-
BANCO CETELEM	193517	31/12/2011	-
BNP PARIBAS CARDIF SCHADEVERZEKERINGEN N...	20100172	-	-
BNP PARIBAS CARDIF LEVENSVERZEKERINGEN N...	20100175	-	-
NAZCA INVERSIONES	201703	-	-
BNP PARIBAS GESTION DE INVERSIONES SGIIC	210261	31/12/2011	-
BNP PARIBAS REAL ESTATE ADVISORY SPAIN	215375	31/12/2010	7 403 731 €
BNP PARIBAS ESPAÑA	2264019	31/12/2011	-
BNP PARIBAS REAL ESTATE PROPERTY MANAGEM...	242377	31/12/2009	3 843 100 €
RIBERA DEL LOIRA ARBITRAGE	2513744	31/12/2009	-
FORTIS BANK	2565458	-	-
BANCO CETELEM ARGENTINA	2591611	-	-
SODEFI HOLDING AG IN LIQUIDATION	284757	-	-
BNP PARIBAS GUYANE	303195432	-	-
SINVIM ILE DE FRANCE SNC	304453046	-	-
BNP PARIBAS NOUVELLE CALEDONIE	304993868	-	-
CARDIF ASSURANCES RISQUES DIVERS	308896547	-	-
GROUPEMENT AUXILIAIRE DE MOYENS	309904340	-	-
CARDIMMO	314370040	-	-
GIE BNP PARIBAS CARDIF	318246899	-	-
VALEUR PIERRE EPARGNE	318881547	-	-
SOCIETE EN NOM COLLECTIF LES GENOTTES	319567830	-	-
NORBAIL LOC	320684996	-	-
NATIO ENERGIE 2	322491341	-	-
SACI ET CIE ROQUEBRUNE	322719782	-	-
CORTAL CONSORS	327787909	-	-
UCB BAIL 2	329654784	-	-
BANK INSINGER DE BEAUFORT N.V.	33004218	-	-
CARMA	330598616	-	-
BNP PARIBAS LEASING SOLUTIONS (THE NETHE...	33111501	31/12/2009	-
GROUPEMENT DES CARTES BANCAIRES	331302794	-	-
BNP PARIBAS LEASE GROUP NETHERLANDS B.V.	33163144	31/12/2007	-
NATIOCREDIMURS	332199462	-	-
EQUIPMENT LEASE B.V.	33251342	-	-
CREDIT MODERNE OCEAN INDIEN	333353944	-	-
PARILEASE	339320392	-	-
ANTIN BAIL 2	339484537	-	-
PARICOMI 2	339490310	-	-
FACET	340503614	-	-
CREDIT MODERNE ANTILLES GUYANE	341891653	-	-
SCI BNP PARIBAS PIERRE I	342379161	-	-
PARIFERGIE	342952405	-	-
EFFICO IBERIA	34515	31/12/2011	3 516 000 €
BNP PARIBAS BERGERE	348068180	-	-
AXA BANQUE FINANCEMENT	348211244	-	-
UCB LOCABAIL IMMOBILIER 2	351112495	-	-
SCI ETOILE	352844542	-	-
SCI BNP PARIBAS PIERRE II	352844658	-	-
SCI VENDOME ATHENES	354058232	-	-
NATIO ASSURANCE	383664752	-	-
BNP PARIBAS MARTINIQUE	393095757	-	-
BNP PARIBAS GUADELOUPE	395059447	-	-
JCB FINANCE	398051045	-	-
FIDEM	398422048	-	-
COFICA BAIL	399181924	-	-
SOC IMMOB MALESHERBES COURCELLES CIMAC	403287436	-	-
IMMOBILIËN SAUVENIERE SA	403302739	31/12/2011	4 514 393 €
LOISIRS FINANCE	410909592	-	-
SCI LILAS BRASSERIE	411769060	-	-
SCI IMMEUBLE DEMOURS	412207649	-	-
COFIPLAN	412768160	-	-
SAS PRETS ET SERVICES	413079948	-	-
CNH CAPITAL EUROPE	413356353	-	-
SCI RUE DE L OUEST	414861120	-	-
SCI BEAUSEJOUR	414894113	-	-
GIE GOELAND	418103925	-	-
FRYNACO SA	418940129	31/12/2011	76 444 €
SCI BOULOGNE CENTRE	420128928	-	-
GENDIS SA	420685535	31/01/2001	5 670 589 €
SCI MAINE 49	421199910	-	-
GENFINANCE INTERNATIONAL SA SA	421429267	31/12/2011	-
SCI BOULEVARD MALESHERBES	421694688	-	-
FORTIS PRIVATE EQUITY BELGIUM SA	421883286	31/12/2011	1 062 556 €
ASKELL	422315234	-	-
CLAAS FINANCIAL SERVICES	422379594	-	-
SC OPERA RENDEMENT	422672477	-	-
LES JEUNES BOIS	423723824	-	-
SCI MAINE 50	424578060	-	-
SCI SURESNES 3	424844926	-	-
FORTIS PRIVATE EQUITY EXPANSION BELGIUM ...	425499309	31/12/2011	321 653 €
BNP PARIBAS REUNION	428633408	-	-
SCI RUE MEDERIC	431222223	-	-
SCI RUE MOUSSORGSKI	431304831	-	-
ASNIERES 1	432006120	-	-
SIVVO IN VEREFFENING SPRL	432794402	31/12/2007	217 122 €
100 RUE LAURISTON	433821345	-	-
8-10 PLACE DU COMMERCE	433821444	-	-
104-106 RUE CAMBRONNE	433821501	-	-
14 RUE VIVIENNE	433821576	-	-
6 SQUARE FOCH	433821626	-	-
ERBE NV	435557615	31/12/2011	-
ARVAL BELGIUM NV	436781102	31/12/2011	211 860 965 €
FORTIS PRIVATE EQUITY MANAGEMENT SA	438091788	31/12/2011	-
ELEONORE BAIL	438310062	-	-
BNP PARIBAS REAL ESTATE ADVISORY BELGIUM...	440984071	31/12/2011	2 363 024 €
ESTELLE BAIL	441389236	-	-
FAGUS NV	443514880	30/06/2012	-
DAGVERSE VOEDING IN VEREFFENING BVBA	443673842	31/12/2007	540 174 €
NISSAN FINANCE BELGIUM NV	445305917	31/12/2011	4 362 193 €
ALPHA CREDIT SA	445781316	31/12/2011	192 602 295 €
ELEKTROKONTAKT NV	445852184	31/12/2011	2 542 961 €
PRESTIBEL LEFT VILLAGE NV	448693888	31/12/2011	1 765 169 €
SERCAR SA	450179275	31/12/2011	-
DOMOFINANCE	450275490	-	-
CERTIFIMMO V SA	450355261	31/12/2011	3 219 614 €
MFF	451190300	-	-
FOOD MARKET SPRL	451835601	31/12/2011	63 053 €
FRESHMAR IN VEREFFENING BVBA	451835797	31/12/2007	-
SINGEL DISTRIBUTIE SPRL	451835995	30/06/2011	-
DISTRIBUTIE ZOERSEL SA	451836094	30/06/2011	-
VEVO IN VERHEFFENING BVBA	453578433	31/12/2007	701 590 €
BNP PARIBAS FINANCIÈRE RÉGENT SA	456508823	31/12/2007	-
SAMENWERKING IN DISTRIBUTIE SA	459583822	31/03/2012	-
DISTRIBUTIE KONTICH NV	463356825	31/12/2011	2 366 675 €
PLUSMARKT PLAZA IN VERHEFFENING BVBA	464150443	31/12/2007	278 142 €
GENEVE CREDIT & LEASING SA	4667181	-	-
VOEDINGSMARKT GOOREIND SPRL	471906582	30/06/2011	-
BNP PARISBAS REAL ESTATE HOLDING BENELUX...	479098539	31/12/2011	-
SOFIBO SAS	479321804	-	-
GIE VAYNILLA BAIL	479942286	-	-
SCI FONCIERE ADYTON 1	488448192	-	-
SCI ALPHA PARK	488965534	-	-
PARIS COURS DE VINCENNES	489126581	-	-
FINANCIERE DE L'AVENIR	489147678	-	-
ARVAL SERVICE LEASE	492617	31/12/2011	484 176 000 €
S.C.I. DU MISTRAL	492818711	-	-
ALLIANTIQUE	493901292	-	-
EUROPEENNE DES DESSERTS	509668083	-	-
QUOTATIS FRANCE SAS	511755555	-	-
QUOTATIS TECHNIQUE INTERNATIONAL	512285032	-	-
SCI BOBIGNY JEAN ROSTAND	520732488	-	-
OPTISPACE	523668978	-	-
FINOPTI	523785335	-	-
ALTAIR	529056699	-	-
SCI NANTERRE GUILLERAIES	532696952	-	-
SCI SAINT DENIS LANDY	532709532	-	-
BNP PARIBAS PERSONAL FINANCE	542097902	-	-
BNP PARIBAS WEALTH MANAGEMENT	542110960	-	-
BNP PARIBAS SECURITIES SERVICES	552108011	-	-
EJESUR	587	31/12/2010	3 617 430 €
BANQUE NATIONALE PARIS INTERCONTINENTA	612030635	-	-
FIMESTIC EXPANSION	630102	31/12/2011	392 000 €
BNP PARIBAS LEASE GROUP	632017513	-	-
FCM PRIVATE EQUITY	656776	-	-
COFINAL	657030	-	-
BNP PARIBAS	662042449	-	-
FINANCIERE DU MARCHE ST HONORE	662047513	-	-
COROSA	692009749	-	-
NATIOBAIL 2	702014374	-	-
CIE FINANCEMENT DES LOISIRS	722037983	-	-
BAG INVEST	752839704	-	-
SNC IVRY GRAND PLACE	753821131	-	-
SNC VILLEJUIF RUE DES COQUETTES	753824333	-	-
SNC CHELLES LE BELVEDERE	753868405	-	-
SNC LEVALLOIS COLLANGE	753868512	-	-
BANCA NAZIONALE DEL LAVORO	76651	-	-
BNP PARIBAS FACTOR	775675069	-	-
TASACIONES HIPOTECARIAS	78945	31/12/2011	8 101 343 €
BNP PARIBAS INVESTMENT PARTNERS (SUISSE)...	833	-	-
FORTIS PRIVATE EQUITY ASIA FUND SA	866161894	31/12/2011	151 721 €
FPRE MANAGEMENT (BELGIUM) SA	871937750	31/12/2011	89 956 €
FINTRIMO EN LIQUIDATION NV	874308807	31/12/2012	-
CONTINUING CARE RETIREMENT COMMUNITY NV	875844672	31/12/2010	10 000 €
SOWO INVEST NV	877279282	31/12/2011	735 961 €
FINALIA SA	878920562	31/12/2011	8 786 466 €
FORTIS FINANCE BELGIUM CVBA	879866412	31/12/2011	129 940 312 €
OB INVEST NV	880203635	31/12/2011	60 000 €
EURO-FASHION-CENTER SA	884178556	31/12/2011	10 000 €
BANKING FUNDING COMPANY SA	884525182	31/12/2011	18 642 223 €
COLFRIDIS INVEST NV	888183072	31/12/2011	2 030 381 €
BNP PARIBAS FORTIS FILM FUND SA	893587655	31/12/2011	1 102 389 €
HALLE RETAIL ASSOCIATE NV	89361744	-	-
OUDENAARDE RETAIL ASSOCIATE SA	893622693	31/12/2011	5 068 715 €
INKASSO KODAT GMBH & CO. KG	HRA 5018	31/12/2011	-
BNP PARIBAS REAL ESTATE GMBH -PROPERTY M...	HRB 37812	-	-
BNP PARIBAS REAL ESTATE GMBH	HRB 37290	-	-
NATIOCREDIBAIL	998630206	-	-
ROTHESAY	B102948	-	-
FUND CHANNEL	B108704	-	-
FORTIS PRIVATE REAL ESTATE SERVICES S.A.	B111297	-	-
EURAUSSIE FINANCE S.À R.L.	B112935	-	-
ROYALE NEUVE I S.A.	B117226	-	-
FB ENERGY TRADING S.À R.L.	B118941	-	-
ROYALE NEUVE V S.À R.L.	B123472	-	-
PAR TROIS S.A.	B125535	-	-
RUBIN S.À R.L.	B127507	-	-
ROYALE NEUVE VI, S.À R.L.	B127748	-	-
FORTIS INTERNATIONAL FINANCE LUXEMBOURG ...	B131443	-	-
ROYALE NEUVE II S.À R.L.	B136200	-	-
PYROTEX S.À R.L.	B138361	-	-
SECOYA PRIVATE EQUITY INVESTMENTS GENERA...	B151950	-	-
SECOYA PRIVATE EQUITY INVESTMENTS SCA-SI...	B151966	-	-
SMALT	B29273	-	-
BNP PARIBAS ASSET MANAGEMENT SERVICES LU...	B31208	-	-
BNL INTERNATIONAL INVESTMENTS	B40924	-	-
COMPAGNIE FINANCIÈRE OTTOMANE S.A.	B44561	-	-
FORTIS L CAPITAL	B49137	-	-
BNP PARIBAS ASSET MANAGEMENT (PART II) (...	B67575	-	-
BNP PARIBAS IRELAND	IE040970	-	-
FRENCH AMERICAN BANKING CORP	US00992875	-	0 $
BNP PARIBAS BROKERAGE SERVICES, INC	US04167541	-	48 240 000 $
BNP PARIBAS ASSET MANAGEMENT INC	US06411988	-	720 000 $
COMMERCIAL FEDERAL SERVICE CORP	US06535460	-	744 000 $
VIA NORTH AMERICA	US06602780	-	277 000 $
FB TRANSPORTATION CAPITAL LLC	US06648698	-	167 000 $
BANKERS CLUB OF MIAMI, INC	US08776939	-	0 $
FTS ACQUISITION, LIMITED	US12658216	-	0 $
BISHOP STREET CAPITAL MANAGEMENT CORP	US12836974	-	4 427 000 $
FSI HOLDINGS, INC	US13353793	-	0 $
BANK OF THE WEST CORP	US13419149	-	1 000 000 000 $
BNP PARIBAS LEASING CORP	US19357193	-	50 000 000 $
BANCWEST CORP	US22604611	-	18 457 066 000 $
FIRST HAWAIIAN LEASING, INC	US23166089	-	0 $
C-ONE LEASING, LLC	US27535750	-	0 $
BNP PARIBAS MORTGAGE CORP	US27782875	-	0 $
CAPSTAR PARTNERS LLC	US28381598	-	0 $
MALBEC PARTNERS, INC	US29220485	-	1 400 000 $
BNP PARIBAS ENERGY TRADING GP	US32275014	-	0 $
CLAAS FINANCIAL SERVICES LLC	US33668674	-	0 $
FORTIS SECURITIES LLC	US35877945	-	0 $
FRIDSON INVESTMENT ADVISORS	US36638747	-	0 $
FISCHER, FRANCIS, TREES & WATTS, INC	US43687068	-	4 302 000 $
FUNDQUEST INCORPORATED	US44601734	-	40 000 000 $
HILL STREET CAPITAL LLC	US44694753	-	3 864 000 $
BNP PARIBAS SECURITIES CORP	US44873620	-	311 901 000 $
BNP PARIBAS NORTH AMERICA	US46239492	-	0 $
COOPERNEFF GROUP, INC	US46477511	-	0 $
1897 SERVICES CORPORATION	-	-	-
521 SOUTH SEVENTH STREET LLC	-	-	-
A.M.B. - WEST AFRICA	-	-	-
ACG CAPITAL PARTNERS II LLC	-	-	-
ACG CAPITAL PARTNERS LLC	-	-	-
AFL LEASE BV	-	-	-
ALECTRA FINANCE PLC	-	-	-
ALFRED BERG ASSET MANAGEMENT SERVICES	-	-	-
ALFRED BERG FONDER AB	-	-	-
ALFRED BERG FONDSMAEGLERSELSKAB A/S	-	-	-
ALFRED BERG FORVALTNING AS	-	-	-
ALFRED BERG FUNDS	-	-	-
ALFRED BERG KAPITALFORVALTNING AS	-	-	-
ALFRED BERG KAPITALFORVALTNING FINLAND A...	-	-	-
ALFRED BERG KAPITALFÖRVALTNING AB	-	-	-
ALL IN ONE TELEKOMMUNIKATIONS-ANLAGENVER...	-	-	-
ALPHA CARD MERCHANT SERVICES	-	-	-
ALPHA CARD S.C.R.L.	-	-	-
ANTILOPE INVEST	-	-	-
APAC FINANCE LTD	-	-	-
APAC NZ HOLDINGS LIMITED	-	-	-
AQUARIUS CAPITAL INVESTMENTS LTD	-	-	-
ARCHWAY REINSURANCE COMPANY	-	-	-
ARDI IMMO	-	-	-
ARETS INTERNATIONAL	-	-	-
ARMA BEHEER BV	-	-	-
ARNHEM INVESTMENT MANAGEMENT PTY LTD	-	-	-
ARTIGIANCASSA SPA	-	-	-
ARTIGIANSOA-ORG DI ATTESTAZIONE SPA	-	-	-
ARV INTERNATIONAL LIMITED	-	-	-
ARVAL AUSTRIA GMBH	-	-	-
ARVAL BRASIL LIMITADA	-	-	-
ARVAL BV	-	-	-
ARVAL DANEMARK	-	-	-
ARVAL HELLAS CAR RENTAL SA	-	-	-
ARVAL INDIA PRIVATE LTD	-	-	-
ARVAL MAGYARORSZAG	-	-	-
ARVAL NV	-	-	-
ARVAL OOO	-	-	-
ARVAL PHH HOLDINGS LTD	-	-	-
ARVAL PHH MAROC	-	-	-
ARVAL PHH MAROC	-	-	-
ARVAL PHH SERVICE LEASE CZ	-	-	-
ARVAL SCHWEIZ AG	-	-	-
ARVAL SERVICE GMBH	-	-	-
ARVAL SERVICE LEASE ALUGER OPERATIONAL A...	-	-	-
ARVAL SERVICE LEASE ITALIA SPA	-	-	-
ARVAL SERVICE LEASE POLSKA SP ZOO	-	-	-
ARVAL SERVICE LEASE ROMANIA SRL	-	-	-
ARVAL SLOVAKIA	-	-	-
ASLK-CGER SERVICES	-	-	-
ATISREAL PROPLAN GMBH	-	-	-
ATRIALIS	-	-	-
AVIDA SOLUTIONS LIMITED	-	-	-
AXA INSURANCE	-	-	-
AXA UKRAINE	-	-	-
BANCO BGN	-	-	-
BANCO BNP PARIBAS BRASIL SA	-	-	-
BANCO BNP PARIBAS PERSONAL FINANCE SA	-	-	-
BANCO CSF SA	-	-	-
BANCO ESTADO ADMINISTRADORA GENERAL DE F...	-	-	-
BANCWEST INVESTMENT SERVICES INC	-	-	-
BANEXI HOLDING CORPORATION	-	-	-
BANK OF THE WEST BUSINESS PARK ASSOCIATI...	-	-	-
BANK VAN DE POST N.V.	-	-	-
BANQUE BELGOLAISE NV	-	-	-
BANQUE DE WALLIS ET FUTUNA	-	-	-
BANQUE INTERNATIONALE DU COMMERCE ET DE ...	-	-	-
BANQUE INTERNATIONALE DU COMMERCE ET DE ...	-	-	-
BANQUE INTERNATIONALE DU COMMERCE ET DE ...	-	-	-
BANQUE INTERNATIONALE DU COMMERCE ET DE ...	-	-	-
BANQUE INTERNATIONALE POUR L' AFRIQUE AU...	-	-	-
BANQUE INTERNATIONALE POUR L' AFRIQUE AU...	-	-	-
BANQUE INTERNATIONALE POUR LE COMMERCE E...	-	-	-
BANQUE INTERNATIONALE POUR LE COMME...	-	-	-
BANQUE MAROCAINE DU COMMERCE ET DE L'IND...	-	-	-
BANQUE MAROCAINE DU COMMERCE ET DE L'IND...	-	-	-
BANQUE MAROCAINE POUR LE COMMERCE ET L'I...	-	-	-
BANQUE MAROCAINE POUR LE COMMERCE ET L'I...	-	-	-
BANQUE MAROCAINE POUR LE COMMERCE ET L'I...	-	-	-
BARLOWORD HEFTRUCKL BV	-	-	-
BERGUES FINANCE HOLDING	-	-	-
BICI BOURSE	-	-	-
BIEFFE 5 SPA	-	-	-
BMCI ASSURANCE	-	-	-
BMCI BOURSE	-	-	-
BMCI CRÉDIT CONSO	-	-	-
BMCI FINANCE	-	-	-
BMCI FONDS	-	-	-
BNFB INVESTMENTS LTD	-	-	-
BNL FINANCE SPA	-	-	-
BNL MULTISERVIZI SRL	-	-	-
BNL POSITIVITY SRL	-	-	-
BNL VITA SPA	-	-	-
BNL VITA SPA	-	-	-
BNP BETEILIGUNGS VERWALTUNGS	-	-	-
BNP EQUITIES ASIA LTD	-	-	-
BNP EQUITIES MAURITIUS	-	-	-
BNP IFS HONG KONG LTD	-	-	-
BNP NOMINEES LIMITED	-	-	-
BNP PACIFIC AUSTRALIA LIMITED	-	-	-
BNP PARIBAS ANDES	-	-	-
BNP PARIBAS ARBITRAGE HONG KONG LIMITED	-	-	-
BNP PARIBAS ARBITRAGE ISSUANCE BV	-	-	-
BNP PARIBAS ASIA LTD	-	-	-
BNP PARIBAS ASSET MANAGEMENT ARGENTINA S...	-	-	-
BNP PARIBAS ASSET MANAGEMENT AUSTRALIA L...	-	-	-
BNP PARIBAS ASSET MANAGEMENT BRASIL LIMI...	-	-	-
BNP PARIBAS ASSET MANAGEMENT GMBH	-	-	-
BNP PARIBAS ASSET MANAGEMENT MONACO	-	-	-
BNP PARIBAS ASSET MANAGEMENT SGIIC	-	-	-
BNP PARIBAS ASSET MANAGEMENT URUGUAY SA	-	-	-
BNP PARIBAS ASSURANCE TCB LIFE INSURANCE...	-	-	-
BNP PARIBAS BAHAMAS LTD	-	-	-
BNP PARIBAS BANK & TRUST CAYMAN	-	-	-
BNP PARIBAS BANK HUNGARIA RT	-	-	-
BNP PARIBAS BANK NV	-	-	-
BNP PARIBAS BULGARIA AD	-	-	-
BNP PARIBAS BUSINESS ASSETS VALUATION	-	-	-
BNP PARIBAS BVI TRUST CORPORATION	-	-	-
BNP PARIBAS CANADA	-	-	-
BNP PARIBAS CANADA VALEURS MOBILIÈRES IN...	-	-	-
BNP PARIBAS CAPITAL ASIA PACIFIC LTD	-	-	-
BNP PARIBAS CAPITAL SINGAPOUR LIMITED	-	-	-
BNP PARIBAS CAPITAL TRUST LLC 1	-	-	-
BNP PARIBAS CAPITAL TRUST LLC 3	-	-	-
BNP PARIBAS CAPITAL TRUST LLC 4	-	-	-
BNP PARIBAS CAPITAL TRUST LLC 6	-	-	-
BNP PARIBAS CAPSTAR PARTNERS INC	-	-	-
BNP PARIBAS CHINA LIMITED	-	-	-
BNP PARIBAS COMMODITY FUTURES INC	-	-	-
BNP PARIBAS COMPLEX FUNDO DE INVESTIMENT...	-	-	-
BNP PARIBAS CYPRUS LIMITED	-	-	-
BNP PARIBAS EL DJAZAIR	-	-	-
BNP PARIBAS EMISSIONS UND HANDEL. GMBH	-	-	-
BNP PARIBAS ENERGY TRADING CANADA CORP	-	-	-
BNP PARIBAS ENERGY TRADING HOLDINGS INC	-	-	-
BNP PARIBAS ENERGY TRADING LLC	-	-	-
BNP PARIBAS EQUITIES ITALIE SIM	-	-	-
BNP PARIBAS FACTOR PORTUGAL	-	-	-
BNP PARIBAS FIN'AMS ASIA	-	-	-
BNP PARIBAS FINANCE HONG-KONG LIMITED	-	-	-
BNP PARIBAS FINANCE INC	-	-	-
BNP PARIBAS FORTIS FACTOR	-	-	-
BNP PARIBAS FORTIS YATIRIMLAR HOLDING AN...	-	-	-
BNP PARIBAS FUND SERVICES AUSTRALASIA LT...	-	-	-
BNP PARIBAS FUND SERVICES DUBLIN LTD	-	-	-
BNP PARIBAS FUND SERVICES GUERNESEY LIMI...	-	-	-
BNP PARIBAS FUND SERVICES HOLDINGS	-	-	-
BNP PARIBAS FUTURES HONG-KONG LIMITED	-	-	-
BNP PARIBAS FUTURES SINGAPORE PTE LTD	-	-	-
BNP PARIBAS GUERNESEY LIMITED	-	-	-
BNP PARIBAS INDIA SOLUTIONS PRIVATE LIMI...	-	-	-
BNP PARIBAS INTERNATIONAL TRUSTEE GUERNE...	-	-	-
BNP PARIBAS INVESTMENT ASIA LIMITED	-	-	-
BNP PARIBAS INVESTMENT PARTNERS (AUSTRAL...	-	-	-
BNP PARIBAS INVESTMENT PARTNERS (AUSTRAL...	-	-	-
BNP PARIBAS INVESTMENT PARTNERS ASIA LTD	-	-	-
BNP PARIBAS INVESTMENT PARTNERS BE HOLDI...	-	-	-
BNP PARIBAS INVESTMENT PARTNERS BELGIUM ...	-	-	-
BNP PARIBAS INVESTMENT PARTNERS BSC	-	-	-
BNP PARIBAS INVESTMENT PARTNERS FUNDS (N...	-	-	-
BNP PARIBAS INVESTMENT PARTNERS JAPAN LT...	-	-	-
BNP PARIBAS INVESTMENT PARTNERS NETHERLA...	-	-	-
BNP PARIBAS INVESTMENT PARTNERS NL HOLDI...	-	-	-
BNP PARIBAS INVESTMENT PARTNERS SINGAPOR...	-	-	-
BNP PARIBAS INVESTMENT PARTNERS SOCIETA ...	-	-	-
BNP PARIBAS INVESTMENT PARTNERS UK LTD	-	-	-
BNP PARIBAS INVESTMENT SERVICES LLC	-	-	-
BNP PARIBAS INVESTMENT SERVICES SINGAPOR...	-	-	-
BNP PARIBAS INVESTMENTS PHILS INC	-	-	-
BNP PARIBAS JAPAN LTD	-	-	-
BNP PARIBAS LEASE GROUP GMBH & CO KG	-	-	-
BNP PARIBAS LEASE GROUP IFN SA	-	-	-
BNP PARIBAS LEASE GROUP KFT	-	-	-
BNP PARIBAS LEASE GROUP POLSKA S.P.Z.O.O	-	-	-
BNP PARIBAS LEASE GROUP RENTALS LIMITED	-	-	-
BNP PARIBAS LEASE GROUP RT	-	-	-
BNP PARIBAS LEASE GROUP SA BELGIQUE	-	-	-
BNP PARIBAS LEASE GROUP SPA	-	-	-
BNP PARIBAS MEDITERRANÉE INNOVATION & TE...	-	-	-
BNP PARIBAS MERCHANT BANKING ASIA LTD	-	-	-
BNP PARIBAS MONTEVIDEO SA	-	-	-
BNP PARIBAS NORTH AMERICA INC	-	-	-
BNP PARIBAS PEREGRINE SECURITIES HONG KO...	-	-	-
BNP PARIBAS PEREGRINE SERVICES LIMITED	-	-	-
BNP PARIBAS PERSONAL FINANCE BV	-	-	-
BNP PARIBAS PERSONAL FINANCE EAD	-	-	-
BNP PARIBAS PERSONAL FINANCE SA DE CV	-	-	-
BNP PARIBAS PERSONAL FINANCE SPA	-	-	-
BNP PARIBAS PRIME BROKERAGE INC	-	-	-
BNP PARIBAS PRIME BROKERAGE INTERNATIONA...	-	-	-
BNP PARIBAS PRINCIPAL INC.	-	-	-
BNP PARIBAS PRINCIPAL INVESTMENTS JAPAN ...	-	-	-
BNP PARIBAS PRIVATE BANK (JAPAN) LIMITED	-	-	-
BNP PARIBAS PRIVATE BANK PLC	-	-	-
BNP PARIBAS PROPRIETARIO FUNDO DE INVEST...	-	-	-
BNP PARIBAS RCC INC	-	-	-
BNP PARIBAS REAL ESTATE & INFRASTRUCTURE...	-	-	-
BNP PARIBAS REAL ESTATE ADVISORY & PROPE...	-	-	-
BNP PARIBAS REAL ESTATE ADVISORY ITALY S...	-	-	-
BNP PARIBAS REAL ESTATE ADVISORY USA INC	-	-	-
BNP PARIBAS REAL ESTATE INVESTMENT MANAG...	-	-	-
BNP PARIBAS REAL ESTATE INVESTMENT MANAG...	-	-	-
BNP PARIBAS REAL ESTATE INVESTMENT MANAG...	-	-	-
BNP PARIBAS REAL ESTATE JERSEY LIMITED	-	-	-
BNP PARIBAS REAL ESTATE PROPERTY DÉVELOP...	-	-	-
BNP PARIBAS REAL ESTATE PROPERTY MANAGEM...	-	-	-
BNP PARIBAS REAL ESTATE PROPERTY MANAGEM...	-	-	-
BNP PARIBAS REAL ESTATE SERVICES HOLDING...	-	-	-
BNP PARIBAS SECURITIES ASIA LTD	-	-	-
BNP PARIBAS SECURITIES HONG KONG LTD	-	-	-
BNP PARIBAS SECURITIES INDIA PRIVATE LIM...	-	-	-
BNP PARIBAS SECURITIES JAPAN LTD	-	-	-
BNP PARIBAS SECURITIES KOREA COMPANY LTD	-	-	-
BNP PARIBAS SECURITIES SERVICES AM LIMIT...	-	-	-
BNP PARIBAS SECURITIES SERVICES CUSTODY ...	-	-	-
BNP PARIBAS SECURITIES SERVICES FUND ADM...	-	-	-
BNP PARIBAS SECURITIES SERVICES HOLDINGS...	-	-	-
BNP PARIBAS SECURITIES SERVICES TRUST CO...	-	-	-
BNP PARIBAS SECURITIES SINGAPORE PTE LTD	-	-	-
BNP PARIBAS SECURITIES TAIWAN CO. LIMITE...	-	-	-
BNP PARIBAS SERVICES HONG KONG LIMITED	-	-	-
BNP PARIBAS SINGAPORE FUNDING PARTNERSHI...	-	-	-
BNP PARIBAS SYNERGY LIMITED	-	-	-
BNP PARIBAS TCB ASSET MANAGEMENT	-	-	-
BNP PARIBAS TRUST COMPANY GUERNESEY LIMI...	-	-	-
BNP PARIBAS TRUST COMPANY IOM LIMITED	-	-	-
BNP PARIBAS TRUST CORPORATION UK LIMITED	-	-	-
BNP PARIBAS TRUST SERVICES SINGAPORE LIM...	-	-	-
BNP PARIBAS URUGUAY SA	-	-	-
BNP PARIBAS US MEDIUM TERM NOTES PROGRAM	-	-	-
BNP PARIBAS US STRUCTURED MEDIUM TERM NO...	-	-	-
BNP PARIBAS VPG BROOKLINE CRE, LLC	-	-	-
BNP PARIBAS VPG MASTER LLC	-	-	-
BNP PARIBAS VPG SDI MEDIA LLC	-	-	-
BNP PARIBAS VPG SEMGROUP LLC	-	-	-
BNP PARIBAS WEALTH MANAGEMENT MONACO	-	-	-
BNP PARIBAS ZAO	-	-	-
BNP REPRESENTIVE OFFICE NIGERIA LTD	-	-	-
BNP US FINANCE CORPORATION	-	-	-
BNP VILA LIMITED	-	-	-
BPCM NOMINEES LIMITED	-	-	-
BPP HOLDINGS PTE LTD	-	-	-
BSF HOLDING SA	-	-	-
BW INSURANCE AGENCY INC	-	-	-
BW LEASING INC	-	-	-
CADIZ SECURITIES	-	-	-
CAMOMILE ALZETTE INVESTMENTS UK LTD	-	-	-
CAMOMILE ASSET FINANCE N° 5 PARTNERSHIP	-	-	-
CAMOMILE CANOPIA TRADING UK LTD	-	-	-
CAMOMILE PEARL UK LTD	-	-	-
CAMOMILE ULSTER INVESTMENTS UK LTD	-	-	-
CARDIF	-	-	-
CARDIF ASSICURAZIONI SPA	-	-	-
CARDIF ASSURANCE VIE POLSKA	-	-	-
CARDIF BIZTOSITO MAGYARORSZAG ZRT	-	-	-
CARDIF CAPITALIZACAO	-	-	-
CARDIF COLOMBIA SEGUROS GENERALES	-	-	-
CARDIF COLOMBIA SERVICIOS	-	-	-
CARDIF COMPANIA DE SEGUROS DE VIDA	-	-	-
CARDIF CONSULTANT CO LTD	-	-	-
CARDIF DEL PERU SA COMPANIA DE SEGUROS	-	-	-
CARDIF DO BRASIL SEGUROS	-	-	-
CARDIF DO BRASIL SEGUROS E GARANTIAS	-	-	-
CARDIF DO BRASIL VIDA E PREVIDÊNCIA	-	-	-
CARDIF EL DJAZAÏR	-	-	-
CARDIF EXTENSION DE GARANTIA	-	-	-
CARDIF FORSAKING AB	-	-	-
CARDIF HAYAT SIGORTA ANONIM SIRKETI (VIE...	-	-	-
CARDIF HOLDINGS INC	-	-	-
CARDIF INSURANCE COMPANY	-	-	-
CARDIF INSURANCE HUNGARY	-	-	-
CARDIF LEVEN	-	-	-
CARDIF LIFE INSURANCE	-	-	-
CARDIF LIFE INSURANCE CO. LTD	-	-	-
CARDIF LIFE INSURANCE COMPANY	-	-	-
CARDIF LIFE INSURANCE HUNGARY	-	-	-
CARDIF LIMITADA	-	-	-
CARDIF LIVFÖRSÄKRING AB	-	-	-
CARDIF LUXEMBOURG INTERNATIONAL	-	-	-
CARDIF MEXICO SEGUROS DE VIDA	-	-	-
CARDIF MEXICO SEGUROS GENERALES SA	-	-	-
CARDIF NORDIC AB	-	-	-
CARDIF OSIGURANJE	-	-	-
CARDIF PINNACLE EUROPE LTD	-	-	-
CARDIF PINNACLE INSURANCE HOLDINGS	-	-	-
CARDIF PINNACLE INSURANCE MANAGEMENT SER...	-	-	-
CARDIF PINNACLE INSURANCE PROPERTY SERVI...	-	-	-
CARDIF PINNACLE SECRETARIES LIMITED	-	-	-
CARDIF POLSKA TOWARZYSTWO UBEZPIECZEN NA...	-	-	-
CARDIF RETIRO	-	-	-
CARDIF SEGUROS SA	-	-	-
CARDIF SERVICIOS	-	-	-
CARDIF SERVICIOS	-	-	-
CARDIF SERVICIOS	-	-	-
CARDIF SERVICIOS	-	-	-
CARDIF SIGORTA	-	-	-
CARDIF-VIETCOMBANK LIFE INSURANCE	-	-	-
CARREFOUR PROMOTORA DE VENDAS E PARTICIP...	-	-	-
CARREFOUR S.A.	-	-	-
CARREFOUR SA	-	-	-
CB UK LTD	-	-	-
CELESTIAL HONG KONG LTD	-	-	-
CENTER CLUB INC	-	-	-
CETELEM ALGÉRIE	-	-	-
CETELEM AMERICA	-	-	-
CETELEM ASIA LIMITED	-	-	-
CETELEM BRÉSIL	-	-	-
CETELEM CR	-	-	-
CETELEM IFN SA	-	-	-
CETELEM LATIN AMERICA HOLDING PARTICIPAÇ...	-	-	-
CETELEM PROCESSING SERVICES (SHANGHAI) L...	-	-	-
CETELEM SERVICIOS MEXIQUE SA DE CV	-	-	-
CETELEM SERVIÇOS LIMITADA	-	-	-
CETELEM SLOVENSKO	-	-	-
CETELEM UK LIMITED	-	-	-
CFB COMMUNITY DEVELOPMENT CORPORATION	-	-	-
CHARTER ATLANTIC CAPITAL CORPORATION	-	-	-
CHARTER ATLANTIC CORPORATION	-	-	-
CHARTER ATLANTIC SECURITIES INCORPORATIO...	-	-	-
CLAAS FINANCIAL SERVICES INC	-	-	-
CLOSED JOINT INSURANCE COMPANY	-	-	-
COBEMA SA	-	-	-
COMMERCIAL FEDERAL AFFORDABLE HOUSING IN...	-	-	-
COMMERCIAL FEDERAL CAPITAL TRUST 2	-	-	-
COMMERCIAL FEDERAL CAPITAL TRUST 3	-	-	-
COMMERCIAL FEDERAL COMMUNITY DEVELOPMENT...	-	-	-
COMMERCIAL FEDERAL CORPORATION	-	-	-
COMMERCIAL FEDERAL INVESTMENTS SERVICES ...	-	-	-
COMMERCIAL FEDERAL REALTY INVESTORS CORP...	-	-	-
COMMERCIAL FEDERAL SERVICE CORPORATION	-	-	-
COMMUNITY FIRST HOME MORTGAGE	-	-	-
COMMUNITY SERVICE INC	-	-	-
COMPAGNIE FINANCIÈRE DE LA CÔTE D'IVOIRE	-	-	-
COMPANIA DE SEGUROS GENERALES	-	-	-
COMPTOIR AGRICOLE DE WALLONIE	-	-	-
COPPEFIS	-	-	-
CREDIRAMA SPA	-	-	-
CREDISSIMO	-	-	-
CREDISSIMO HAINAUT	-	-	-
CREDISSON HOLDING LTD	-	-	-
CRÉDIT POUR HABITATIONS SOCIALES	-	-	-
DELTA RECOUVREMENT	-	-	-
DEMETRIS NV	-	-	-
DIRECT LIFE & PENSIONS SERVICES	-	-	-
DIRECT LIFE AND PENSION SERVICES LIMITED	-	-	-
DIRECT SERVICES	-	-	-
DISCONTOKANTOOR VAN TURNHOUT	-	-	-
DISTRI-INVEST SA	-	-	-
DOMINET S.A.	-	-	-
DOMINET SPV-II SP.Z.O.O.	-	-	-
DRESDNER BANQUE NATIONALE DE PARIS CHILE	-	-	-
DRESDNER BNP INVERSIONES LTDA	-	-	-
EFFICO PORTUGAL	-	-	-
ELFA-AUTO	-	-	-
EMF IT-2008-1 SRL	-	-	-
EOS AREMAS BELGIUM SA/NV	-	-	-
EPSOM FUNDING LIMITED	-	-	-
EQUITY LENDING INC	-	-	-
ESSEX CRÉDIT CORPORATION	-	-	-
EUROCHEMIA POLOGNE	-	-	-
EUROCREDITO	-	-	-
EUROPAY BELGIUM SC	-	-	-
EUROPEAN REINSURANCE LTD	-	-	-
EXTENDED SERVICEPLAN LIMITED	-	-	-
F & B INSURANCE HOLDINGS SA	-	-	-
FAUCHIER PARTNERS MANAGEMENT COMPANY LTD	-	-	-
FAUCHIER PARTNERS MANAGEMENT LTD	-	-	-
FB ENERGY HOLDINGS LLC	-	-	-
FB HOLDINGS CANADA CORP.	-	-	-
FHL LEASE HOLDING COMPANY INC	-	-	-
FHL SPC ONE INC	-	-	-
FINANCIAL TELEMARKETING SERVICES	-	-	-
FINANCIERA PRYCA SA	-	-	-
FINDOMESTIC BANCA SPA	-	-	-
FINDOMESTIC BANKA AD	-	-	-
FINEST	-	-	-
FIRST BANCORP	-	-	-
FIRST HAWAÏAN BANK	-	-	-
FIRST HAWAÏAN CAPITAL 1	-	-	-
FIRST NATIONAL BANCORPORATION	-	-	-
FIRST SANTA CLARA CORPORATION	-	-	-
FISCHER FRANCIS TREES & WATTS UK	-	-	-
FORTIS AGENCY LIMITED	-	-	-
FORTIS BANK ESCRITORIO DE REPRESENTACAO ...	-	-	-
FORTIS BANK MALTA LTD	-	-	-
FORTIS BANK POLSKA	-	-	-
FORTIS BANQUE SA	-	-	-
FORTIS CAPITAL CORPORATION	-	-	-
FORTIS DIRECT REAL ESTATE MANAGEMENT S.A...	-	-	-
FORTIS EMEKLILIK VE HAYAT AS	-	-	-
FORTIS ENERGY LEASING X3 BV	-	-	-
FORTIS ENERGY LEASING XI BV	-	-	-
FORTIS ENERGY LEASING XIV BV	-	-	-
FORTIS FUNDING LLC	-	-	-
FORTIS FUTURES LIMITED	-	-	-
FORTIS GESTAO DE INVESTIMENTOS BRASIL LI...	-	-	-
FORTIS GROUP LTD	-	-	-
FORTIS HOLDING MALTA LTD	-	-	-
FORTIS INTERNATIONAL LIMITED	-	-	-
FORTIS INVESTMENT MANAGEMENT CHILE SA	-	-	-
FORTIS INVESTMENT MANAGEMENT USA INC	-	-	-
FORTIS LEASE GROUP SA	-	-	-
FORTIS MANAGEMENT LIMITED	-	-	-
FORTIS PARK LANE IRELAND LTD	-	-	-
FORTIS PF INVESTMENTS UK LTD	-	-	-
FORTIS PORTFÖY YÖNETIMI A.S.	-	-	-
FORTIS PRIME FUND SOLUTIONS (USA) LLC	-	-	-
FORTIS PRIVATE INVESTMENT MANAGEMENT LTD	-	-	-
FORTIS PRIVATE INVESTMENTS POLSKA S.A	-	-	-
FORTIS PRIVATE REAL ESTATE HOLDING S.A.	-	-	-
FORTIS PROPRIETARY CAPITAL INC	-	-	-
FORTIS WEALTH MANAGEMENT HONG KONG LIMIT...	-	-	-
FORTIS WEALTH MANAGEMENT TAIWAN LTD	-	-	-
FORTIS YATIRIM MENKUL DEGERLER A.S.	-	-	-
FPSP HOLDINGS CORPORATION	-	-	-
FSCHOLEN	-	-	-
FUNDQUEST MM LTD	-	-	-
FV HOLDING	-	-	-
G BANK GMBH	-	-	-
GENERALCORP10	-	-	-
GENERALE BELGIAN FINANCE CO LTD	-	-	-
GENERALE BRANCH NOMINEES LTD	-	-	-
GEOJIT BNP PARIBAS FINANCIAL SERVICES LI...	-	-	-
GEOJIT TECHNOLOGIES PRIVATE	-	-	-
GESCHÄFTSFÜHRUNG GMBH DER GENERALE BANK	-	-	-
GESELLSCHAFT FÜR CAPITAL & VERMÖGENSVERV...	-	-	-
GI FINANCE	-	-	-
GLENDALE CORPORATE CENTER ACQUISITION LL...	-	-	-
GLOBAL LIBERTÉ	-	-	-
GRENACHE ET CIE SNC	-	-	-
GRUPO GESINAR	-	-	-
GUARANTEED UNDERWRITING AGENCY LTD	-	-	-
H.F.G.L LTD	-	-	-
HAREWOOD ASSET MANAGEMENT US INC	-	-	-
HAREWOOD HELENA 1 LTD	-	-	-
HAREWOOD HOLDINGS LTD	-	-	-
HAREWOOD INVESTMENTS N° 2 LIMITED	-	-	-
HAREWOOD INVESTMENTS N° 4 LIMITED	-	-	-
HAREWOOD INVESTMENTS N° 5 LIMITED	-	-	-
HAREWOOD INVESTMENTS N° 7 LIMITED	-	-	-
HENAROSS PTY LTD	-	-	-
HET WERKMANSHUIS	-	-	-
HEWITT'S ISLAND CLO VII	-	-	-
HIGHBRIDGE LIMITED	-	-	-
HILL WOOLHOUSE LIMITED	-	-	-
ILIAD INVESTMENTS PLC	-	-	-
IMMO KOLONEL BOURGSTRAAT	-	-	-
IMMOBILIÈRE SIDI MAAROUF	-	-	-
IMMOLOUNEUVE SA	-	-	-
INDUSTRIFI NANS FORSKNINGSPARKEN EIENDOM...	-	-	-
INGATLANHITEL PLUSZ KFT	-	-	-
INSINGER DE BEAUFORT ASSET MANAGEMENT AG	-	-	-
INSINGER DE BEAUFORT CONSULTING BV	-	-	-
INTERNATIONAL BUILDING MATERIALS RETAIL ...	-	-	-
INTERNATIONAL FACTORS ITALIA SPA	-	-	-
INTERSTATE NATIONAL DEALER SERVICES LIMI...	-	-	-
INVESTMENT FUNDS MANAGEMENT COMPANY	-	-	-
JCB FINANCE HOLDINGS LTD	-	-	-
JCB FINANCE MANAGEMENT SERVICES LIMITED	-	-	-
KIT FORTIS INVESTMENT MANAGEMENT	-	-	-
LAMPE BERGER CANADA	-	-	-
LAMPE BERGER USA INC	-	-	-
LANDBOUWKANTOOR VAN VLAANDEREN	-	-	-
LAVEEN VILLAGE CENTER ACQUISITION LLC	-	-	-
LIBERTY LEASING COMPANY	-	-	-
LOCATRICE ITALIANA SPA	-	-	-
LUIZASEG	-	-	-
MAGYAR CETELEM BANK ZRT	-	-	-
MARC FINANCE LIMITED	-	-	-
MARGARET INC	-	-	-
MEESPIERSON PRIVATE BELGIAN OFFICES N.V.	-	-	-
MERCONTER SA	-	-	-
MERKUR BETEILIGUNGS- UND VERVALTUNGSGESE...	-	-	-
MICROSTRAT	-	-	-
MOUNTAIN FALLS ACQUISITION CORPORATION	-	-	-
MUSCAT INVESTMENTS LIMITED	-	-	-
NAZCA	-	-	-
NCVP PARTICIPACOES SA	-	-	-
NOSTRANA CAPITAL MANAGEMENT	-	-	-
NOVY INTERNATIONAL NV	-	-	-
OMEGA CAPITAL EUROPE PLC	-	-	-
OMEGA CAPITAL INVESTMENTS PLC	-	-	-
PARIBAS ASIA EQUITIES LTD	-	-	-
PARIBAS ASSET MANAGEMENT (JAPAN)	-	-	-
PARIBAS PARTICIPATIONS LIMITÉE	-	-	-
PARIBAS PETROLEUM PARTICIPATIONS BV	-	-	-
PARISH DEAN LIMITED	-	-	-
PARRITAYE PTY LIMITED	-	-	-
PARVEST ABS	-	-	-
PENNE INTERNATIONAL	-	-	-
PETITS CHAMPS PARTICIPAÇOES E SERVICIOS ...	-	-	-
PINNACLE INSURANCE HOLDINGS LTD AFRIQUE	-	-	-
PINNACLE INSURANCE PLC	-	-	-
PINNACLE NET LIMITED	-	-	-
PINNACLE PET HEALTHCARE LTD	-	-	-
POCZTA POLSKA CARDIF ARKA SA	-	-	-
POCZTOWA AGENCJA USLUG FINANSOWYCH	-	-	-
POCZTYLION ARKA POWSZECHNE TOWARZYSTWO E...	-	-	-
POJISTOVNA CARDIF PRO VITA A.S	-	-	-
POJISTOVNA CARDIF SLOVAKIA	-	-	-
PRESTACOMER SA DE CV	-	-	-
PT BANK BNP PARIBAS INDONESIA	-	-	-
PT BNP LIPPO UTAMA LEASING	-	-	-
PT BNP PARIBAS SECURITIES INDONESIA	-	-	-
RBS INTERNATIONAL SECURITIES SERVICES LT...	-	-	-
REAL ESTATE DELIVERY 2 INC	-	-	-
RECONFIGURATION BV	-	-	-
RENAISSANCE FUND III	-	-	-
RENAISSANCE FUND IV	-	-	-
RENOIR CDO	-	-	-
RFH LTD	-	-	-
RIVERWALK VILLAGE THREE HOLDINGS LLC	-	-	-
ROBIN FIGHT LTD	-	-	-
S.C. BNP PARIBAS REAL ESTATE ADVISORY SA	-	-	-
SAGIP	-	-	-
SAINT GEORGE INSURANCE SERVICES	-	-	-
SAS BNP PARIBAS REAL ESTATE INVESTMENT S...	-	-	-
SCALDIS CAPITAL IRELAND LTD	-	-	-
SCALDIS CAPITAL LIMITED	-	-	-
SCALDIS CAPITAL LLC	-	-	-
SERVICEPLAN LIMITED	-	-	-
SERVICEPLUS LIMITED	-	-	-
SERVICIOS FINANCIEROS CARREFOUR EFC	-	-	-
SHINAN BNP PARIBAS ASSET MANAGEMENT CO L...	-	-	-
SHINNECOCK CLO II	-	-	-
SINTOCHIM	-	-	-
SOCOMO SA	-	-	-
SREI EQUIPMENT FINANCE PRIVATE LIMITED	-	-	-
SUBMARINO FINANCE PROMOTORA DE CREDITO L...	-	-	-
SUNDARAM BNP PARIBAS FUND SERVICES LTD	-	-	-
SUNDARAM HOME FINANCE LTD	-	-	-
SUNNY FUNDING LIMITED	-	-	-
TCG FUND I LP	-	-	-
TEB ARVAL ARAC FILO KIRALAMA	-	-	-
TEB MALI YATIRIMLAR AS	-	-	-
TEB TUKETICI FINANSMAN AS	-	-	-
TENDER OPTION BOND MUNICIPAL PROGRAM	-	-	-
THE VOYAGER HR GROUP	-	-	-
THUNDERBIRD INVESTMENTS PLC	-	-	-
TRIODOS MEESPIERSON SUSTAINABLE INVESTME...	-	-	-
TROIS CHÊNES CANADA	-	-	-
UCB INGATLANHITEL RT	-	-	-
UCB SERVICE SRL	-	-	-
UCB SUISSE	-	-	-
UKRAINIAN LEASING COMPANY	-	-	-
UKRSIB ASSET MANAGEMENT	-	-	-
UKRSIB ASSET MANAGEMENT PI FUND	-	-	-
UKRSIBBANK	-	-	-
UNION AUXILIAIRE DE PARTICIPATION	-	-	-
UNION BANCAIRE POUR LE COMMERCE ET L'IND...	-	-	-
UNION DE CRÉDITOS IMMOBILIARIOS	-	-	-
UPPER HATCH SECURITIES LTD	-	-	-
URSUS REAL ESTATE INC	-	-	-
USP STRATEGIES LIMITED	-	-	-
VELA ABS	-	-	-
VELA HOME SRL	-	-	-
VELA LEASE SRL	-	-	-
VELA MORTGAGES SRL	-	-	-
VELA PUBLIC SECTOR SRL	-	-	-
VELLEMAN INTERNATIONAL NV	-	-	-
VIA CRESPI 26 SRL	-	-	-
VIA-ZAVENTEM NV	-	-	-
VINGT NOMINEES LIMITED	-	-	-
VON ESSEN GMBH	-	-	-
WA PEI FINANCE COMPANY LTD	-	-	-
WA PEÏ CREDIT LTD	-	-	-
WA PEÏ PROPERTIES LTD	-	-	-
WARRANTY SERVICE SOLUTIONS LIMITED	-	-	-
WARRANTY SERVICEPLAN LIMITED	-	-	-

FINANCIAL INFORMATION

Trading to Date

12/31/2011

12/31/2010

12/31/2009

Turnover

1,219,894,631 €

980,253,741 €

920,520,460 €

Gross Operating Surplus

-0,03 % Turnover

0,23 % Turnover

1,38 % Turnover

Shareholders’ equity

11,127,484 €

4,929,386 €

-27,833,551 €

Net result

6,203,936 €

4,883,548 €

455,157 €

Employees

20 to 49 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	15/01/2013	26/09/2011	16/08/2010
Activity Code	4649Z	4649Z	4649Z
Employees	66	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	1 090	-85,7%	7 598	-55,9%	17 238	20 695	-94,7%
- Intangible assets	0	0%	5 838	-51,2%	11 962	0	0%
- Tangible assets	1 090	-38,0%	1 759	-66,7%	5 276	5 076	-78,5%
- Financial assets	0	0%	0	0%	0	1 252	0%
Net current assets	331 228 135	-17,3%	400 278 644	65,8%	241 388 506	200 570	165043,4%
- Stocks	96 629 792	-28,4%	134 882 231	91,1%	70 578 161	38 460	251147,5%
- Advanced payments	0	-17,3%	0	0%	0	0	0%
- Receivables	230 642 329	-11,4%	260 302 886	53,8%	169 223 329	60 612	380422,6%
- Securities and cash	3 956 014	-22,3%	5 093 527	221,0%	1 587 015	27 282	14400,5%
- Prepaid expenses	-	-	-	-	-	123	-
Accounts of regularization	236 614	39,5%	169 676	63,4%	103 868	0	0%
Total Assets	331 465 841	-17,2%	400 455 918	65,8%	241 509 611	251 022	131946,5%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Shareholders' equity	11 127 484	125,7%	4 929 386	117,7%	-27 833 551	74 941	14748,3%
Share capital	40 000	0%	40 000	0%	40 000	10 000	300%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1 982 321	147,2%	801 862	-66,9%	2 425 374	0	0%
Liabilities	317 763 939	-19,0%	392 178 249	48,0%	264 982 028	145 649	218071,0%
- Financial liabilities	12 500 000	-87,5%	100 000 000	-21,3%	127 000 000	16 914	73803,3%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	303 698 724	4,4%	290 888 877	114,2%	135 774 546	42 588	713008,7%
- Tax and social liabilities	1 557 037	50,6%	1 034 228	-6,1%	1 101 221	35 545,50	4280,4%
- Other debts and fixed assets liabilities	600 273	-78,6%	2 801 564	-7,9%	3 042 020	5 161	11530,9%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	331 465 841	-17,2%	400 455 918	65,8%	241 509 611	251 086	131912,9%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Sales of Goods	1 223 007 466	24,4%	983 125 116	6,7%	921 000 488	376 141	325046,0%
Net turnover	1 219 894 631	24,4%	980 253 741	6,5%	920 520 460	367 820	331555,3%
- of which net export turnover	577 226 962	16,9%	493 649 892	0,2%	492 521 603	0	0%
Operating charges	1 224 981 924	24,5%	983 679 585	8,0%	910 716 701	366 301	334319,5%
Operating profit/loss	-1 974 458	-256,1%	-554 469	-105,4%	10 283 787	8 350	-23746,2%
Financial income	8 271 090	-16,8%	9 941 138	-0,7%	10 014 522	25	33084260,0%
Financial charges	3 495 890	-51,5%	7 210 750	-35,5%	11 175 153	803	435253,7%
Financial profit/loss	4 775 200	74,9%	2 730 388	335,3%	-1 160 631	-203	2352415,3%
Pretax net operating income	2 800 742	28,7%	2 175 919	-76,1%	9 123 156	7 342	38046,9%
Extraordinary income	3 886 604	-93,2%	57 372 500	38,3%	41 491 805	01	388660300%
Extraordinary charges	324 525	-99,4%	54 581 106	8,8%	50 180 210	150	216250,0%
Extraordinary profit/loss	3 562 079	27,6%	2 791 394	132,1%	-8 688 405	0	0%
Net result	6 203 936	27,0%	4 883 548	972,9%	455 157	7 722	80241,1%

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	331 465 841	-17,2%	400 455 918	65,8%	241 509 611
	Gross	CO	336 617 006	-18,2%	411 419 768	40,2%	293 368 798
	Amortisation	1A	5 151 165	-53,0%	10 963 850	-78,9%	51 859 186

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	1 090	-85,7%	7 598	-55,9%	17 238
Gross	BJ	116 419	0%	116 419	-15,6%	137 970
Amortisation	BK	115 329	6,0%	108 821	-9,9%	120 732

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%	5 838	-51,2%	11 962
	Gross	AF	105 209	0%	105 209	0%	105 209
	Amortisation	AG	105 209	5,9%	99 370	6,6%	93 247
	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%	5 838	-51,2%	11 962

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	2 085	0%	2 085	-19,7%	2 595
	Amortisation	AS	2 085	0%	2 085	-19,7%	2 595
	Other tangible fixed assets	Net	1 090	-38,0%	1 759	-66,7%	5 276
	Gross	AT	9 125	0%	9 125	-69,8%	30 166
	Amortisation	AU	8 035	9,1%	7 366	-70,4%	24 890
	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	1 090		1 759		5 276

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	331 228 135	-17,3%	400 278 644	65,8%	241 388 506
	Gross	CJ	336 263 971	-18,2%	411 133 671	40,3%	293 126 959
	Amortisation	CK	5 035 836	-53,6%	10 855 027	-79,0%	51 738 453

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	96 629 792	-28,4%	134 882 231	91,1%	70 578 161
	Gross	BT	96 629 792	-28,4%	134 882 231	91,1%	70 578 161
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	96 629 792	-28,4%	134 882 231	91,1%	70 578 161

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	186 309 343	-4,2%	194 453 493	29,5%	150 110 136
	Gross	BX	191 345 179	-4,9%	201 150 985	31,6%	152 850 086
	Amortisation	BY	5 035 836	-24,8%	6 697 492	144,4%	2 739 950
	Other debtors	Net	44 330 956	-32,7%	65 849 393	244,6%	19 111 654
	Gross	BZ	44 330 956	-36,7%	70 006 928	2,8%	68 110 157
	Amortisation	CA	0	0%	4 157 535	-91,5%	48 998 503
	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	230 640 299	-11,4%	260 302 886	53,8%	169 221 790

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	3 956 014	-22,3%	5 093 527	221,0%	1 587 015
	Gross	CF	3 956 014	-22,3%	5 093 527	221,0%	1 587 015
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	3 956 014	-22,3%	5 093 527	221,0%	1 587 015

Prepaid expenses

			31/12/2011		31/12/2010		31/12/2009
	Prepaid expenses	Net	2 030	0%	0	0%	1 539
	Gross	CH	2 030	0%	0	0%	1 539
	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	236 614	39,5%	169 676	63,4%	103 868
Gross		236 614	39,5%	169 676	63,4%	103 868

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%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to V)	EE	331 465 841	-17,2%	400 455 918	65,8%	241 509 611

Shareholder Equity (I)

			31/12/2011		31/12/2010		31/12/2009
	Total shareholders' equity (Total I)	DL	11 127 484	125,7%	4 929 386	117,7%	-27 833 551
	Equity and shareholders' equity	DA	40 000	0%	40 000	0%	40 000
	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	244 177	0%	0	0%	4 000
	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	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	4 639 370	0%	0	0%	-28 344 670
	Profit or loss for the period	DI	6 203 937	27,0%	4 883 548	972,9%	455 158
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	5 838	-51,2%	11 961

Other capital resources (II)

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

			31/12/2011		31/12/2010		31/12/2009
	Total provisions for risks and charges (Total III)	DR	1 982 321	147,2%	801 862	-66,9%	2 425 374
	Risk provisions	DP	1 202 033	408,4%	236 416	-87,5%	1 898 608
	Reserves for charges	DQ	780 288	38,0%	565 446	7,3%	526 766

Liabilities (IV)

			31/12/2011		31/12/2010		31/12/2009
	Total Liabilities (Total IV)	EC	317 763 939	-19,0%	392 178 249	48,0%	264 982 028
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	0	0%	0
	Sundry loans and financial liabilities	DV	12 500 000	-87,5%	100 000 000	-21,3%	127 000 000
	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	303 698 724	4,4%	290 888 877	114,2%	135 774 546
	Tax and social security liabilities	DY	1 557 037	50,6%	1 034 228	-6,1%	1 101 221
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	8 178	-96,8%	255 144	-76,9%	1 106 261

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2009
Translation loss (Total V)	ED	592 095	-76,7%	2 546 420	31,5%	1 935 759

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	317 597 338	-19,0%	392 060 905	48,0%	264 861 225
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	-1 974 458	-256,1%	-554 469	-105,4%	10 283 787

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	4 775 200	74,9%	2 730 388	335,3%	-1 160 631

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	2 800 742	28,7%	2 175 919	-76,1%	9 123 156

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	3 562 079	27,6%	2 791 394	132,1%	-8 688 405

Profit or loss

		31/12/2011		31/12/2010		31/12/2009
Profit or loss	HN	6 203 936	27,0%	4 883 548	972,9%	455 157

Total Income (I+III+V+VII)

		31/12/2011		31/12/2010		31/12/2009
Total Income (I+III+V+VII)	HL	1 235 165 160	17,6%	1 050 438 754	8,0%	972 506 815

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	1 228 961 220	17,5%	1 045 555 205	7,6%	972 051 654

Operating income (I)

		31/12/2011		31/12/2010		31/12/2009
Total operating income (Total I)	FR	1 223 007 466	24,4%	983 125 116	6,7%	921 000 488

Operating income (details)

			31/12/2011		31/12/2010		31/12/2009
	Sale of goods for resale	FC	1 216 908 404	24,4%	978 373 502	6,5%	918 717 027
	France	FA	642 667 669	32,1%	486 603 849	13,7%	427 998 857
	Export	FB	574 240 735	16,8%	491 769 653	0,2%	490 718 170
	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	2 986 227	58,8%	1 880 239	4,3%	1 803 433
	France	FG	0	0%	0	0%	0
	Export	FH	2 986 227	58,8%	1 880 239	4,3%	1 803 433
	Net turnover	FL	1 219 894 631	24,4%	980 253 741	6,5%	920 520 460
	France	FJ	642 667 669	32,1%	486 603 849	13,7%	427 998 857
	Export	FK	577 226 962	16,9%	493 649 892	0,2%	492 521 603
	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	2 661 891	-7,1%	2 866 740	498,2%	479 220
	Other income	FQ	450 944	9629,1%	4 635	473,6%	808

Operating charges (II)

		31/12/2011		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	1 224 981 924	24,5%	983 679 585	8,0%	910 716 701

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
Purchase of goods for resale	FS	1 174 626 719	13,3%	1 036 558 415	14,4%	906 424 364
Change in stocks of goods for resale	FT	38 252 438	159,5%	-64 304 070	-1631,7%	-3 713 283
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	2 191 774	-0,1%	2 194 618	3,3%	2 124 850
Tax, duty and similar payments	FX	1 964 094	43,2%	1 371 903	93,0%	710 812
Payroll	FY	2 117 176	43,2%	1 478 735	-2,4%	1 515 598
Social security costs	FZ	1 082 347	44,5%	749 055	-2,3%	766 313

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	6 507	-13,5%	7 526	-4,5%	7 878
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	435 698	-91,4%	5 057 908	450,1%	919 455
Provisions for risks and charges	GD	938 521	2326,4%	38 680	-97,4%	1 469 241

Other charges

		31/12/2011		31/12/2010		31/12/2009
Other charges	GE	3 366 650	539,1%	526 815	7,2%	491 473

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	8 271 090	-16,8%	9 941 138	-0,7%	10 014 522
	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	32 612	-36,9%	51 669	-34,3%	78 663
	Released provisions and transferred charges	GM	169 676	63,4%	103 868	-92,0%	1 291 547
	Exchange gains	GN	8 068 802	-17,5%	9 785 601	13,2%	8 644 312
	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	3 495 890	-51,5%	7 210 750	-35,5%	11 175 153
	Financial reserves and provisions	GQ	236 614	39,5%	169 676	63,4%	103 868
	Interest and similar charges	GR	1 362 183	46,3%	930 928	-13,2%	1 072 466
	Exchange losses	GS	1 897 093	-69,0%	6 110 146	-38,9%	9 998 819
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2011		31/12/2010		31/12/2009
	Total extraordinary income (Total VII)	HD	3 886 604	-93,2%	57 372 500	38,3%	41 491 805
	Extraordinary operating income	HA	287 766	-96,6%	8 406 249	0%	0
	Extraordinary income from capital transactions	HB	0	0%	0	0%	977 380
	Released provisions and transferred charges	HC	3 598 838	-92,7%	48 966 251	20,9%	40 514 425

Extraordinary charges (VIII)

			31/12/2011		31/12/2010		31/12/2009
	Total extraordinary charges (Total VIII)	HH	324 525	-99,4%	54 581 106	8,8%	50 180 210
	Extraordinary operating charges	HE	149 525	-99,7%	50 419 457	30537,3%	164 569
	Extraordinary charges from capital transactions	HF	0	0%	2 000	-99,8%	977 380
	Extraordinary reserves and provisions	HG	175 000	-95,8%	4 159 649	-91,5%	49 038 261

Employee profit sharing (IX)

		31/12/2011		31/12/2010		31/12/2009
Employee profit sharing (Total IX)	HJ	165 516	43,8%	115 100	40,4%	81 979

Tax on profits (X)

		31/12/2011		31/12/2010		31/12/2009
Tax on profits (Total X)	HK	-6 635	78,8%	-31 336	69,4%	-102 389

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	11 662 729	-78,5%	54 175 789	20,6%	44 930 154
Increases		UB	1 785 833	-81,0%	9 423 800	-81,7%	51 530 825
Decreases		UC	6 430 405	-87,6%	51 936 860	22,8%	42 285 192
	Value at the end of period	UD	7 018 157	-39,8%	11 662 729	-78,5%	54 175 787

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	5 838	-51,2%	11 960	-97,7%	514 993
Increases		TS	0	0%	0	0%	11 392
Decreases		TT	5 838	-4,7%	6 123	-98,8%	514 425
	Value at the end of period	TU	0	0%	5 837	-51,2%	11 960

Total risk and charge provisions (Total II)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	5Z	801 862	-66,9%	2 425 374	-94,3%	42 447 072
Increases		TV	1 350 135	548,0%	208 356	-87,3%	1 639 849
Decreases		TW	169 676	-90,7%	1 831 868	-95,6%	41 661 547
	Value at the end of period	TX	1 982 321	147,2%	801 862	-66,9%	2 425 374

Total Provision for depreciation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	7B	10 855 031	-79,0%	51 738 453	2528,9%	1 968 089
Increases		TY	435 698	-95,3%	9 215 444	-81,5%	49 879 584
Decreases		TZ	6 254 891	-87,5%	50 098 869	45769,7%	109 220
	Value at the end of period	UA	5 035 838	-53,6%	10 855 028	-79,0%	51 738 453

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

		31/12/2011		31/12/2010		31/12/2009
Gross value	VT	235 678 166	-13,1%	271 157 914	22,7%	220 961 783
1 year at most	VU	235 678 166	-13,1%	271 157 914	22,7%	220 961 783
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	235 678 166	-13,1%	271 157 914	22,7%	220 961 783

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	317 763 939	-19,0%	392 178 249	48,0%	264 982 028
1 year at most		VZ2	317 597 338	-19,0%	392 060 905	48,0%	264 861 224
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	166 601	42,0%	117 344	-2,9%	120 804

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	12 500 000	-87,5%	100 000 000	-21,3%	127 000 000
1 year at most		8A2	12 500 000	-87,5%	100 000 000	-21,3%	127 000 000
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	303 698 724	4,4%	290 888 877	114,2%	135 774 546
1 year at most		8B2	303 698 724	4,4%	290 888 877	114,2%	135 774 546
More than 1 year and 5 years at most		8B3	303 698 724	4,4%	290 888 877	114,2%	135 774 546
	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	1 557 037	50,6%	1 034 228	-6,1%	1 101 221
1 year at most		8D2	1 390 436	51,6%	916 884	-6,5%	980 417
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	8 178	-96,8%	255 144	-76,9%	1 106 261
1 year at most		8K2	8 178	-96,8%	255 144	-76,9%	1 106 261
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	66	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		220,97	-75,7%	909,13	23,3%	737,21	2,62	8334,0%
Global Debt		94 days	-34,7%	144 days	38,5%	104 days	125 days	-24,8%
Working Capital Fund overall net		8 days	-79,5%	39 days	-2,5%	40 days	71 days	-88,7%
Financial independence		%	-	%	-	%	402,72%	-
More ratios
Solvability		3,36%	173,2%	1,23%	110,7%	-11,52%	34,82%	-90,4%
Capacity debt futures		%	-	%	-	%	1013,73%	-
Coverage of current assets by net working capital overall		7,62%	-70,4%	25,72%	-25,8%	34,65%	43,53%	-82,5%
General Liquidity		0,74	7,2%	0,69	-16,9%	0,83	0,57	29,8%
Restricted Liquidity		0,75	7,1%	0,70	-16,7%	0,84	0,98	-23,5%

Management or rotation

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Need background in operating working capital		6 days	-84,2%	38 days	-5,0%	40 days	28 days	-78,6%
Treasury		1 days	-50,0%	2 days	100%	1 days	10 days	-90,0%
Inventory turnover of goods		29 days	-42,0%	50 days	78,6%	28 days	95 days	-69,5%
Average length of credit granted to customers		56 days	-24,3%	74 days	23,3%	60 days	42 days	33,3%
Average length of credit obtained suppliers		90 days	-15,9%	107 days	98,1%	54 days	54 days	66,7%
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1207 days	-
Rotation tangible assets		%	-	%	-	%	1384,23%	-

Profitability of the business

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Margin trading		0,33%	-46,8%	0,62%	-64,4%	1,74	32,44%	-99,0%
Profitability of the business		-0,03	-113,6%	0,22	-84,1%	1,38	3,28%	-100,9%
Net profit		0,51%	2,0%	0,50%	900%	0,05%	1,90%	-73,2%
More ratios
Growth rate of turnover (excluding VAT)		24,45%	276,7%	6,49%	169,6%	-9,32%	0,77%	3075,3%
Rates integration		0,40%	-32,2%	0,59%	-65,3%	1,70%	21,35%	-98,1%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		66,33%	72,8%	38,38%	163,8%	14,55%	68,89%	-3,7%
Weight interests		0,29	-60,8%	0,74%	-38,8%	1,21%	0,25%	16,0%

Return on capital

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Cash flow from the overall profitability		0,54%	-42,6%	0,94%	-82,6%	5,39%	2,71%	-80,1%
Rates of economic profitability		-1%	-150,0%	2%	-84,6%	13%	11%	-109,1%
Financial profitability		11127484%	125,7%	4929386%	117,7%	-27833551%	48807%	22699,0%
Return on investment		41,05%	256,0%	11,53%	-1,7%	11,73%	9,35%	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	1 219 894 631	24,4%	980 253 741	6,5%	920 520 460	367 820 €	331555,3%

Sales of goods	1 216 908 404	24,4%	978 373 502	6,5%	918 717 027
- Purchase of goods	1 174 626 719	13,3%	1 036 558 415	14,4%	906 424 364
+/- Stock of goods variation	38 252 438	159,5%	-64 304 070	-1631,7%	-3 713 283
Trading margin	4 029 247 €	-34,2%	6 119 157 €	-61,8%	16 005 946 €	99 249 €	3959,7%
	0,33 % CA	-46,8%	0,62 % CA	-64,4%	1,74 % CA	33,56 % CA	-99,0%

Sale of goods produced	2 986 227	58,8%	1 880 239	4,3%	1 803 433
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	2 986 227 €	58,8%	1 880 239 €	4,3%	1 803 433 €	8 307 €	35848,3%
	0,24 % CA	26,3%	0,19 % CA	-5,0%	0,20 % CA	2,58 % CA	-90,7%

Trading margin	4 029 247	-34,2%	6 119 157	-61,8%	16 005 946	99 249	3959,7%
+ Period Production	2 986 227	58,8%	1 880 239	4,3%	1 803 433	8 307	35848,3%
- 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	2 191 774	-0,1%	2 194 618	3,3%	2 124 850
Added value	4 823 700 €	-16,9%	5 804 778 €	-63,0%	15 684 529 €	85 298 €	5555,1%
	0,40 % CA	-32,2%	0,59 % CA	-65,3%	1,70 % CA	21,34 % CA	-98,1%

Added value	4 823 700 €	-16,9%	5 804 778 €	-63,0%	15 684 529 €	85 298 €	5555,1%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	1 964 094	43,2%	1 371 903	93,0%	710 812
- Personal charges	3 199 523	43,6%	2 227 790	-2,4%	2 281 911
Gross operating surplus	-339 917 €	-115,4%	2 205 085 €	-82,6%	12 691 806 €	11 332 €	-3099,6%
	-0,03 % CA	-113,6%	0,22 % CA	-84,1%	1,38 % CA	3,28 % CA	-100,9%

Gross operating surplus	-339 917 €	-115,4%	2 205 085 €	-82,6%	12 691 806 €	11 332 €	-3099,6%
+ Release of reserves and provisions	2 661 891	-7,1%	2 866 740	498,2%	479 220
+ Other operating income	450 944	9629,1%	4 635	473,6%	808
- Depreciation/Amortisation	1 380 726	-72,9%	5 104 114	113,0%	2 396 574
- Other charges	3 366 650	539,1%	526 815	7,2%	491 473
Operating result	-1 974 458 €	-256,1%	-554 469 €	-105,4%	10 283 787 €	8 350 €	-23746,2%
	-0,16 % CA	-166,7%	-0,06 % CA	-105,4%	1,12 % CA	2,42 % CA	-106,6%

Operating result	-1 974 458 €	-256,1%	-554 469 €	-105,4%	10 283 787 €	8 350 €	-23746,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	8 271 090	-16,8%	9 941 138	-0,7%	10 014 522
- Financial charges	3 495 890	-51,5%	7 210 750	-35,5%	11 175 153
Pre-tax result	2 800 742 €	28,7%	2 175 919 €	-76,1%	9 123 156 €	7 313 €	38198,1%
	0,23 % CA	4,5%	0,22 % CA	-77,8%	0,99 % CA	2,11 % CA	-89,1%

Extraordinary income	3 886 604	-93,2%	57 372 500	38,3%	41 491 805	01	388660300%
- Extraordinary charges	324 525	-99,4%	54 581 106	8,8%	50 180 210
Extraordinary result	3 562 079 €	27,6%	2 791 394 €	132,1%	-8 688 405 €	0 €	0%
	0,29 % CA	3,6%	0,28 % CA	129,8%	-1 % CA	0 % CA	0%

Pre-tax result	2 800 742 €	28,7%	2 175 919 €	-76,1%	9 123 156 €	7 313 €	38198,1%
Extraordinary result	3 562 079 €	27,6%	2 791 394 €	132,1%	-8 688 405 €	0 €	0%
- Employee profit sharing	165 516	43,8%	115 100	40,4%	81 979
- Tax on profits	-6 635	78,8%	-31 336	69,4%	-102 389
Net result	6 203 940 €	27,0%	4 883 549 €	972,9%	455 161 €	7 674 €	80743,6%
	0,51 % CA	2,0%	0,50 % CA	900%	0,05 % CA	1,89 % CA	-73,0%

ADDITIONAL INFORMATION

· Trends

· Profitability

· Liquidity

· Net worth

Type	Head office	Status	Economically active
	Formation Date	10/2010	Reason for formation	Formation
	Closure Date		Reason for closure
	Reactivation Date		Production Role
	Activity Nature		Activity Location
	Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	VILLEBON SUR YVETTE	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> CARREFOUR IMPORT <<<  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in VILLEBON SUR YVETTE  (91140)
Secondary establishments	>  CARREFOUR IMPORT  - Autres commerces de gros spécialisés (519A)  in RIS ORANGIS  (91130) >  CARREFOUR IMPORT  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in LES ULIS  (91940)

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

100 to 199 employees

Company workforce

20 to 49 employees

event history

Status history

Date	Description
25/10/2010	Economically active

Company events history

Date	Description
17/01/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
07/01/2013	Amendment
07/01/2013	Minutes of general meeting of shareholders
10/12/2012	Bodacc C : Deposit accounts notice
12/11/2012	Minutes of general meeting of shareholders
12/11/2012	Updated articles of association
31/12/2011	New accounts available
08/12/2011	Bodacc B: Various editing or changing
30/11/2011	New chairman (CEO, CoB)
30/11/2011	Minutes of general meeting of shareholders
29/11/2011	Legal Gazette: Resignation / Revocation of the social representative
07/11/2011	Legal Gazette: Appointment of the social representative
17/10/2011	Bodacc C : Deposit accounts notice
28/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
10/08/2011	Bodacc B: Various editing or changing
02/08/2011	Minutes of general meeting of shareholders
02/08/2011	Appointment/resignation of company officers
02/08/2011	Changes to the Board of Directors
02/08/2011	Updated articles of association
26/07/2011	Legal Gazette: Resignation / Revocation of the social representative
30/06/2011	Legal Gazette: Appointment of the social representative
31/12/2010	New accounts available
28/12/2010	Reconstitution of net assets
28/12/2010	Updated articles of association
28/12/2010	Minutes of general meeting of shareholders
07/12/2010	Bodacc B: Various editing or changing
26/11/2010	Updated articles of association
26/11/2010	Registered office transferred inside jurisdiction of the Commercial Court
26/11/2010	Amendment
25/10/2010	Transfer of Establishment
25/10/2010	Update of Company Head Office Identifier
13/09/2010	Bodacc C : Deposit accounts notice
28/07/2010	Minutes of general meeting of shareholders
28/07/2010	Updated articles of association
31/12/2009	New accounts available
10/09/2009	Bodacc C : Deposit accounts notice
25/08/2009	Continuation of business despite loss of equity
25/08/2009	Continuation malgré perte supérieure à la moitié du capital
25/08/2009	Minutes of general meeting of shareholders
25/08/2009	PV d'Assemblée
13/08/2009	Private document
13/08/2009	Statuts mis à jour
13/08/2009	Updated articles of association
13/08/2009	PV d'Assemblée
13/08/2009	Minutes of general meeting of shareholders
31/12/2008	New accounts available
02/11/2008	Bodacc B: Various editing or changing
02/11/2008	New Bodacc B ads detected
16/10/2008	Bodacc C : Deposit accounts notice
26/09/2008	New chairman (CEO, CoB)
26/09/2008	Appointment/resignation of company officers
26/09/2008	Changement de Président (PDG, PCA)
26/09/2008	Private document
26/09/2008	Minutes of general meeting of shareholders
26/09/2008	PV d'Assemblée
04/04/2008	Minutes of general meeting of shareholders
04/04/2008	PV d'Assemblée
04/04/2008	Appointment/resignation of company officers
04/04/2008	Private document
04/04/2008	Changement de Président (PDG, PCA)
04/04/2008	New chairman (CEO, CoB)
30/03/2008	Bodacc B: Various editing or changing
30/03/2008	New Bodacc B ads detected
31/12/2007	New accounts available
31/12/2006	New accounts available
26/06/2006	Modification du Conseil d'Administration
26/06/2006	PV d'Assemblée
26/06/2006	Minutes of general meeting of shareholders
26/06/2006	Nomination/démission des organes de gestion
26/06/2006	Appointment/resignation of company officers
26/06/2006	Private document
26/06/2006	Acte sous seing privé
31/03/2006	Nomination/démission des organes de gestion
31/03/2006	Appointment/resignation of company officers
31/03/2006	PV d'Assemblée
31/03/2006	Minutes of general meeting of shareholders
31/03/2006	Private document
31/03/2006	Acte sous seing privé
31/03/2006	Changement de Président (PDG, PCA)
31/12/2005	New accounts available
22/09/2005	Private document
22/09/2005	Minutes of general meeting of shareholders
22/09/2005	Changement de Commissaire aux Comptes
22/09/2005	Acte modificatif
22/09/2005	Amendment
22/09/2005	Acte sous seing privé
22/09/2005	PV d'Assemblée
31/12/2004	New accounts available
31/12/2003	New accounts available
02/12/2003	Acte modificatif
02/12/2003	Changement de Président (PDG, PCA)
02/12/2003	Acte sous seing privé
02/12/2003	PV d'Assemblée
02/12/2003	Nomination/démission des organes de gestion
01/08/2003	Acte modificatif
01/08/2003	Changement de Commissaire aux Comptes
01/08/2003	Nomination/démission des organes de gestion
01/08/2003	Acte sous seing privé
01/08/2003	PV d'Assemblée
17/10/2002	Transfert du Siège dans le ressort du Tribunal de Commerce
17/10/2002	Acte sous seing privé
17/10/2002	Acte modificatif
17/10/2002	Statuts mis à jour
17/10/2002	PV d'Assemblée
17/12/2001	Immatriculation suite à transfert
17/12/2001	Acte sous seing privé
17/12/2001	PV d'Assemblée
17/12/2001	Transfert du Siège dans le ressort du Tribunal de Commerce
17/12/2001	Statuts mis à jour
17/12/2001	Acte modificatif
25/07/2001	Acte sous seing privé
25/07/2001	Changement de Président (PDG, PCA)
25/07/2001	Changement de dénomination sociale
25/07/2001	Modification de l'objet social
25/07/2001	Augmentation de Capital
25/07/2001	Changement de Forme Juridique avec changement de catégorie
25/07/2001	Changement de Forme Juridique sans changement de catégorie
25/07/2001	Statuts mis à jour
25/07/2001	PV d'Assemblée
25/07/2001	Nomination/démission des organes de gestion
25/07/2001	Certificat de dépôt des fonds
21/06/2001	Acte sous seing privé
21/06/2001	Rapport des Commissaires ou du Gérant
30/01/2001	Acte sous seing privé
30/01/2001	PV d'Assemblée
30/01/2001	Changement de Gérant
30/01/2001	Nomination/démission des organes de gestion
23/01/2001	Nomination/démission des organes de gestion
23/01/2001	Acte modificatif
23/01/2001	Statuts

Establishment events history

Date	Description
17/01/2013	Update Limit
17/01/2013	Update Rating
05/01/2013	Update Rating
03/11/2012	Update Rating
17/10/2012	Update of phone numbers
06/10/2012	Update Limit
08/09/2012	Update Rating
28/09/2011	Update Limit
28/09/2011	Update Rating
25/10/2010	Formation of Head office (after transfer)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.65
UK Pound	1	Rs.82.41
Euro	1	Rs.70.08

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.