MIRA INFORM REPORT

Report Date :

12.04.2013

IDENTIFICATION DETAILS

Name :	MEDIC' INSTRUMENTS
Registered Office :	44 B Rue De La Perriere 52800 Nogent
Country :	France
Financials (as on) :	30.09.2009
Date of Incorporation :	July 2006
Com. Reg. No.:	RCS Chaumont 0 491 146 346
Legal Form :	Limited Liability Company
Line of Business :	Retail sale of medical and orthopedic goods in specialized stores
No. of Employees :	1

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
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 (31.03.2011)	Current Rating (30.06.2012)
France	A1	A1

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

MEDIC' INSTRUMENTS

Personal comment

company summary

		EUR VAT Number	FR29491146346
Activity (APE)	Retail sale of medical and orthopedic goods in specialized stores (4774Z)	Legal form	Limited Liability Company
Phone	03 25 01 19 20	RCS Registration	RCS Chaumont 0 491 146 346
Fax		Share capital	8,000 Euros
Address	MEDIC' INSTRUMENTS 44 B RUE DE LA PERRIERE 52800 NOGENT	Incorporated Date	07/2006
Nationality	France	Status	Economically active

Trading to Date	09/30/2009	09/30/2008	09/30/2007
Turnover	119,246 €	160,441 €	182,126 €
Gross Operating Surplus	-15,62 % Turnover	3,23 % Turnover	6,93 % Turnover
Shareholders’ equity	-4,894 €	15,765 €	14,345 €
Net result	-20,726 €	1,420 €	6,345 €
Employees	1	2	1

Company details

Activity (APE)	Commerce de détail d'articles médicaux et orthopédiques en magasin spécialisé (4774Z)
RCS Registration	RCS Chaumont 0 491 146 346	Share capital	8,000 Euros
Registration Court	Chaumont (52)	Legal form	Limited Liability Company
Court Registry Number	20 0 6B000	EUR VAT Number	FR29491146346
Incorporation Date	07/2006	Formation Date	07/2006
Deregistration Date		Last account Date	30/09/2009
Nationality	France

Establishment details

Activity (APE)	Commerce de détail d'articles médicaux et orthopédiques en magasin spécialisé (4774Z)	Business Pages FT®
Postal Address	MEDIC' INSTRUMENTS 44 B RUE DE LA PERRIERE 52800 NOGENT	Trading Address	44 B RUE DE LA PERRIERE 52800 NOGENT
Telephone	03 25 01 19 20
Fax

Type	Head office (one site company)	Status	Economically active
Formation Date	07/2006	Reason for formation	Purchase
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Retail trade	Activity Location	Plant
Location surface		Seasonality

Department	Haute-Marne (52)	Region	Champagne-Ardenne
District	1	Area	21
City	NOGENT	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> MEDIC' INSTRUMENTS <<<  - Commerce de détail d'articles médicaux et orthopédiques en magasin spécialisé (4774Z)  in NOGENT  (52800)
Secondary establishments

Regionality

Mono-activity status

Workforces

Workforce at address

Workforce unknown

Company workforce

Workforce unknown

DIRECTORS/MANAGEMENT

Current Directors

1

directors

Name	Mme. MORO BEATRICE
Manager position	Gérant	Date of birth	22/05/1969
Place of birth	CHAUMONT (52)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Gérant	MME BEATRICE MORO	22/05/1969 - CHAUMONT

NEGATIVE INFORMATION

judgements

Collective procedures

Courts

Judgment	Redressement judiciaire	Effective date	22/01/2013
Court	CHAUMONT
Details JUGEMENT DE REDRESSEMENT JUDICIAIRE : (Ouverture d'une procédure de) Redressement judiciaire En date du 21/01/2013, le Tribunal de Commerce de Chaumont a ouvert une procédure de redressement judiciaire à l'égard de MEDIC' INSTRUMENTS + (SARL) sous le numéro PC/13017, a désigné mandataire judiciaire : Me Hervé DECHRISTE - Rue M. Perey- Parc Energie - Bât 11 - 1er étage - Bettancourt la Ferrée - 52115 ST DIZIER CEDEX, a ouvert une période d'observation pour une durée de 6 mois et a fixé au 14/02/2012 la date de cessation des paiements. Date d'effet : 21/01/2013 - DATE D'EFFET : 21/01/2013

Rncs

Judgment	Redressement judiciaire	Effective date	21/01/2013
Director	ME HERVÉ DECHRISTE	Position	Representative judicial
Address	52115 ST DIZIER

Bodacc

Judgment	Redressement judiciaire	Effective date	21/01/2013
Court	Chaumont	Parution date from Gazette	05/02/2013
Jugement d'ouverture Jugement d'ouverture d'une procédure de redressement judiciaire Jugement prononçant l'ouverture d'une procédure de redressement judiciaire, date de cessation des paiements le 14 Février 2012 désignant mandataire judiciaire Me Hervé Dechriste rue M. Perey- Parc Energie - Bât 11 - 1er Etage - Bettancourt-la-Ferrée - 52115 Saint-Dizier . Les déclarations des créances sont à déposer au mandataire judiciaire dans les deux mois à compter de la présente publication.

Other sources

Judgment	Redressement Judiciaire	Effective date	21/01/2013
Court	Tribunal de Commerce de CHAUMONT
Directors	ME HERVé DECHRISTE - RUE M. PEREY- PARC ENERGIE - BâT 11 - 1ER éTAGE - BETTANCOURT LA FERRéE - 52115 ST DIZIER CEDEX

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

Preferential rights details and history

Status of collection

This company is not under monitoring

SHARE & SHARE CAPITAL INFORMATION

Share capital

8,000 Euros

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

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

Linkages

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

FINANCIAL INFORMATION

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/09/2009	30/09/2008	30/09/2007
Account period (month)	12	12	15
Account Type	Simple	Simple	Simple
Deposit date	31/05/2010	-	-
Activity Code	4774Z	4774Z	4774Z
Employees	1	2	1

Active account

Annual Accounts	30/09/2009		30/09/2008		30/09/2007	Sector Median 2009
Capital not called	-	-	-	-	-	0	-
Total fixed assets	5 024	-9,0%	5 518	-16,4%	6 603	47 208	-89,4%
- Intangible assets	4 385	0%	4 385	0%	4 385	1 200	265,4%
- Tangible assets	639	-43,6%	1 133	-48,9%	2 218	24 938	-97,4%
- Financial assets	0	0%	0	0%	0	1 525	0%
Net current assets	69 628	-2,8%	71 642	-5,4%	75 746	129 639	-46,3%
- Stocks	26 393	-1,1%	26 674	5,7%	25 241	28 442	-7,2%
- Advanced payments	0	-2,8%	0	0%	0	0	0%
- Receivables	42 565	-0,5%	42 769	-6,4%	45 686	42 586	0,0%
- Securities and cash	445	280,3%	117	-96,7%	3 574	25 664	-98,3%
- Prepaid expenses	225	-89,2%	2 082	67,2%	1 245	887	-74,6%
Accounts of regularization	-	-	-	-	-	0	-
Total Assets	74 652	-3,3%	77 160	-6,3%	82 349	199 993	-62,7%

Passive Account

Annual Accounts	30/09/2009		30/09/2008		30/09/2007	Sector Median 2009
Shareholders' equity	-4 894	-131,0%	15 765	9,9%	14 345	55 869	-108,8%
Share capital	8 000	0%	8 000	0%	8 000	8 000	0%
Other capital resources	-	-	-	-	-	0	-
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	79 546	29,6%	61 394	-9,7%	68 003	129 737	-38,7%
- Financial liabilities	23 770	31,1%	18 133	9,6%	16 551	33 585	-29,2%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	20 043	-3,4%	20 749	-30,2%	29 713	37 147	-46,0%
- Tax and social liabilities	-	-	-	-	-	26 406,50	-
- Other debts and fixed assets liabilities	35 733	58,7%	22 512	3,6%	21 739	4 329	725,4%
Account regularization	-	-	-	-	-	0	-
Total liabilities	74 652	-3,2%	77 159	-6,3%	82 348	199 993	-62,7%

Results

Annual Accounts	30/09/2009		30/09/2008		30/09/2007	Sector Median 2009
Sales of Goods	119 247	-25,7%	160 441	-11,9%	182 127	335 466	-64,5%
Net turnover	119 246	-25,7%	160 441	-11,9%	182 126	331 510	-64,0%
- of which net export turnover	24 596	-53,5%	52 840	23,7%	42 718	0	0%
Operating charges	138 364	-11,5%	156 336	-9,6%	173 007	311 324	-55,6%
Operating profit/loss	-19 117	-565,7%	4 105	-55,0%	9 120	13 837	-238,2%
Financial income	0	0%	0	0%	0	20	0%
Financial charges	1 611	-16,7%	1 935	18,9%	1 628	1 465	10,0%
Financial profit/loss	-1 611	16,7%	-1 935	-18,9%	-1 628	-822	-96,0%
Pretax net operating income	-20 728	-1055,2%	2 170	-71,0%	7 492	12 262	-269,0%
Extraordinary income	0	0%	0	0%	0	16	0%
Extraordinary charges	0	0%	500	2073,9%	23	196	0%
Extraordinary profit/loss	0	0%	-500	-2073,9%	-23	0	0%
Net result	-20 726	-1559,6%	1 420	-77,6%	6 345	11 341	-282,8%

Display parameter
Currency	Euro	Kilo Euro

Simple Account	30/09/2009	30/09/2008	30/09/2007
Months	12	12	15

Accounts - Active
Current Assets

Grand Total - Active account (I + II)

			30/09/2009		30/09/2008		30/09/2008
	Grand Total (I + II)	Net	74 652	-3,2%	77 159	-6,3%	82 349
	Gross	110	79 282	-2,5%	81 294	-4,8%	85 399
	Amortisation	112	4 629	11,9%	4 135	35,6%	3 050

Active fixed asset (I)

			30/09/2009		30/09/2008		30/09/2008
	Total Active fixed asset (I)	Net	5 024	-9,0%	5 518	-16,4%	6 603
	Gross	044	9 653	0%	9 653	0%	9 653
	Amortisation	048	4 629	11,9%	4 135	35,6%	3 050
	Intangible assets: Goodwill	Net	4 385	0%	4 385	0%	4 385
	Gross	10	4 385	0%	4 385	0%	4 385
	Amortisation	12	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	14	0	0%	0	0%	0
	Amortisation	16	0	0%	0	0%	0
	Tangible Assets	Net	639	-43,6%	1 133	-48,9%	2 218
	Gross	28	5 268	0%	5 268	0%	5 268
	Amortisation	30	4 629	11,9%	4 135	35,6%	3 050
	Immobilization Financial	Net	0	0%	0	0%	0
	Gross	40	0	0%	0	0%	0
	Accumulated depreciation	42	0	0%	0	0%	0

Assets (II)

			30/09/2009		30/09/2008		30/09/2008
	Total assets (II)	Net	69 628	-2,8%	71 641	-5,4%	75 746
	Gross	96	69 628	-2,8%	71 641	-5,4%	75 746
	Amortisation	98	0	0%	0	0%	0
	Raw materials stock, supply, in production	Net	13 752	10,4%	12 456	10,7%	11 250
	Gross	50	13 752	10,4%	12 456	10,7%	11 250
	Amortisation	52	0	0%	0	0%	0
	Goods for resale	Net	12 641	-11,1%	14 218	1,6%	13 991
	Gross	60	12 641	-11,1%	14 218	1,6%	13 991
	Amortisation	62	0	0%	0	0%	0
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	64	0	0%	0	0%	0
	Amortisation	66	0	0%	0	0%	0
	Trade accounts receivable debtor	Net	39 773	-4,7%	41 733	-6,3%	44 535
	Gross	68	39 773	-4,7%	41 733	-6,3%	44 535
	Amortisation	70	0	0%	0	0%	0
	Other debtors	Net	2 792	169,5%	1 036	-10,0%	1 151
	Gross	72	2 792	169,5%	1 036	-10,0%	1 151
	Amortisation	74	0	0%	0	0%	0
	Investment securities	Net	0	0%	0	0%	0
	Gross	80	0	0%	0	0%	0
	Amortisation	82	0	0%	0	0%	0
	Cash and cash equivalents	Net	445	280,3%	117	-96,7%	3 574
	Gross	84	445	280,3%	117	-96,7%	3 574
	Amortisation	86	0	0%	0	0%	0
	Cash	88 Net	0	0%	0	0%	0
	Prepaid expenses	Net	225	-89,2%	2 082	67,2%	1 245
	Gross	92	225	-89,2%	2 082	67,2%	1 245
	Amortisation	94	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive

Grand Total - Passive Accounts (I + II + III)

		30/09/2009		30/09/2008		30/09/2007
Grand Total (I+II+III)	180	74 652	-3,2%	77 159	-6,3%	82 349

Shareholder Equity (I)

			30/09/2009		30/09/2008		30/09/2007
	Total Shareholder Equity	142	-4 894	-131,0%	15 765	9,9%	14 345
	Equity and shareholders' equity	120	8 000	0%	8 000	0%	8 000
	Revaluation differentials	124	0	0%	0	0%	0
	Legal reserve	126	800	0%	800	0%	0
	Special regulated reserves	130	0	0%	0	0%	0
	Other reserves	132	0	0%	0	0%	0
	Profits or losses brought forward	134	7 034	26,9%	5 545	0%	0
	Profit or loss for the period	136	-20 728	-1559,7%	1 420	-77,6%	6 345
	Special tax-allowable reserves	140	0	0%	0	0%	0

Provisions for risks and charges (II)

		30/09/2009	30/09/2008	30/09/2007
Provisions for risks and charges (II)	154	0	0	0

Liabilities (III)

			30/09/2009		30/09/2008		30/09/2007
	Total Liabilities (III)	176	79 546	29,6%	61 395	-9,7%	68 004
	Loans & debts assimilated	156	23 770	31,1%	18 133	9,6%	16 551
	Advance payments received for current orders	164	0	0%	0	0%	0
	Trade accounts payables	166	20 043	-3,4%	20 749	-30,2%	29 713
	Other debts	172	35 733	58,7%	22 512	3,6%	21 739
	Other creditors whose accounts of associates of the exercise N	169	0	0%	4 196	-19,2%	5 196
	Deferred income	174	0	0%	0	0%	0

References

		30/09/2009		30/09/2008		30/09/2007
Including Fiancial assets of -1 year	193	0	0%	0	0%	0
Including debts after one year	197	0	0%	0	0%	0
Including current accounts receivable associated	199	0	0%	0	0%	0
Including debts + 1 year	195	3 826	0%	0	0%	12 459
Cost of return of capital assets acquired or created during the year	182	0	0%	0	0%	9 653
Selling price excluding VAT capital surrendered during the year	184	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Simplified Income statement
Taxable income

A - Account result
1 - Operating result (I-II)

		30/09/2009		30/09/2008		30/09/2007
Operating result	270	-19 117	-565,7%	4 105	-55,0%	9 120

2 - Profit or loss (I + II + IV) - Charges (II + V + VI + VII)

		30/09/2009		30/09/2008		30/09/2007
Profit or loss	310	-20 726	-1559,6%	1 420	-77,6%	6 345

Operating income (I)

			30/09/2009		30/09/2008		30/09/2007
	Total operating income without VAT (Total I)	232	119 247	-25,7%	160 441	-11,9%	182 127
	Sale of goods for resale	210	16 831	-57,9%	39 939	7,7%	37 077
	Export	209	984	-95,8%	23 416	0%	0
	Sale of goods produced	214	73 309	-11,8%	83 099	-24,7%	110 343
	Export	215	22 913	-20,9%	28 954	-30,5%	41 634
	Sale of services	218	29 106	-22,2%	37 403	7,8%	34 706
	Export	217	699	48,7%	470	-56,6%	1 084
	Stocked production	222	0	0%	0	0%	0
	Self-constructed assets	224	0	0%	0	0%	0
	Operating grants	226	0	0%	0	0%	0
	Other income	230	01	0%	0	0%	0

Operating charges (II)

			30/09/2009		30/09/2008		30/09/2007
	Total operating charges (Total II)	264	138 364	-11,5%	156 336	-9,6%	173 007
	Purchase of goods for resale (including customs duties)	234	8 845	-68,0%	27 644	-26,7%	37 739
	Change in stocks of goods for resale	236	1 577	794,7%	-227	98,4%	-13 991
	Purchase of raw materials (including customs duties)	238	22 597	34,2%	16 839	-39,8%	27 960
	Change in stocks of raw materials	240	-1 296	-7,5%	-1 206	89,3%	-11 250
	Other external purchases and charges	242	29 593	-19,9%	36 965	-22,7%	47 812
	Includes lease - furniture	242_2	0	0%	69	0%	0
	Includes lease - real estate	242_1	0	0%	0	0%	0
	Tax, duty and similar payments	244	3 580	67,1%	2 142	-27,2%	2 943
	Including business tax	243	884	1,4%	872	0%	0
	Payroll	250	49 522	-1,6%	50 323	-12,3%	57 375
	Social security costs	252	23 451	3,0%	22 771	8,9%	20 919
	Depreciation	254	495	-54,4%	1 085	-64,4%	3 050
	Provisions	256	0	0%	0	0%	0
	Other charges	262	0	0%	01	-99,8%	449
	Including provisions for tax settlements abroad	259	0	0%	0	0%	0

Products and various charges (III to VII)

		30/09/2009		30/09/2008		30/09/2007
Financial Products (Total III)	280	0	0%	0	0%	0
Extraordinary income (Total IV)	290	0	0%	0	0%	0
Financial charges (Total V)	294	1 611	-16,7%	1 935	18,9%	1 628
Extraordinary charges (Total VI)	300	0	0%	500	2073,9%	23
Income taxes (Total VII)	306	0	0%	250	-77,8%	1 124

B - Taxable income

		30/09/2009		30/09/2008		30/09/2007
Compensation and benefits non-deductible personal	316	0	0%	0	0%	0
Amount VAT collected	374	17 975	-11,2%	20 251	-8,6%	22 150
Deductible VAT on goods and services	378	0	0%	14 493	-30,9%	20 983
Average number of employees	376	01	-50,0%	02	100%	01

Display parameter
Currency	Euro	Kilo Euro

Other incomer tax return forms
Capital gains, losses | Summary of Provisions - Depreciation Derogatory

Assets

			30/09/2009		30/09/2008		30/09/2007
	Gross asset value at beginning of year	490	9 653	0%	9 653	0%	0
	Increases	492	0	0%	0	0%	9 653
	Decreasess	494	0	0%	0	0%	0

Intangible fixed assets

		30/09/2009		30/09/2008		30/09/2007
Goodwill (Increases)	402	0	0%	0	0%	4 385
Goodwill (Decreases)	404	0	0%	0	0%	0
Others (Increases)	412	0	0%	0	0%	0
Others (Decreases)	414	0	0%	0	0%	0

Tangilble fixed assets (Increases)

		30/09/2009		30/09/2008		30/09/2007
Lands	422	0	0%	0	0%	0
Buildings	432	0	0%	0	0%	0
Plant machinery and equipment industry	442	0	0%	0	0%	0
General installations various fixtures	452	0	0%	0	0%	0
Transportation Equipment	462	0	0%	0	0%	0
Other fixed assets	472	0	0%	0	0%	5 268

Financial assets

		30/09/2009		30/09/2008		30/09/2007
Increases	482	0	0%	0	0%	0
Decreases	484	0	0%	0	0%	0

Capital gains, losses

		30/09/2009		30/09/2008		30/09/2007
Total Residual Value	582	0	0%	0	0%	0
Total Transfer pricing	584	0	0%	0	0%	0
Total Plus or losses in the short term	596	0	0%	0	0%	0
Total Plus or losses in the long term	598	0	0%	0	0%	0

Summary of Provisions - Depreciation Derogatory

			30/09/2009		30/09/2008		30/09/2007
	Total Provisions (increases)	682	0	0%	0	0%	0
	Provisions regulated - Depreciation Derogatory	602	0	0%	0	0%	0
	Provisions regulated - Including exceptional increases of 30%	603	0	0%	0	0%	0
	Other Provisions regulated	612	0	0%	0	0%	0
	Provisions for risks and charges	622	0	0%	0	0%	0
	Provisions for losses - On Capital	632	0	0%	0	0%	0
	Provisions for losses - and current stocks	642	0	0%	0	0%	0
	Provisions for losses - clients and accounts payable	652	0	0%	0	0%	0
	Other Provisions for losses	662	0	0%	0	0%	0
	Total Provisions (decreases)	684	0	0%	0	0%	0
	Provisions regulated - Depreciation Derogatory	604	0	0%	0	0%	0
	Provisions regulated - Including exceptional increases of 30%	605	0	0%	0	0%	0
	Other Provisions regulated	614
	Provisions for risks and charges	624	0	0%	0	0%	0
	Provisions for losses - On Capital	634	0	0%	0	0%	0
	Provisions for losses - and current stocks	644	0	0%	0	0%	0
	Provisions for losses - clients and accounts payable	654	0	0%	0	0%	0
	Other Provisions for losses	664	0	0%	0	0%	0

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		30/09/2009		30/09/2008		30/09/2007	Sector Median 2009
Fixed Asset Financing		2,43	-38,3%	3,94	11,9%	3,52	1,50	62,0%
Global Debt		240 days	73,9%	138 days	-17,9%	168 days	131 days	83,2%
Working Capital Fund overall net		42 days	-34,4%	64 days	6,7%	60 days	56 days	-25,0%
Financial independence		-20,59%	-123,7%	86,94%	0,3%	86,67%	159,77%	-112,9%
More ratios
Solvability		-6,56%	-132,1%	20,43%	17,3%	17,42%	33,39%	-119,6%
Capacity debt futures		-4893,97%	-	%	-	14345,01%	634,41%	-871,4%
Coverage of current assets by net working capital overall		19,96%	-51,1%	40,80%	25,1%	32,61%	40,74%	-51,0%
General Liquidity		0,56	-20,0%	0,70	-14,6%	0,82	0,47	19,1%
Restricted Liquidity		0,57	-18,6%	0,70	-21,3%	0,89	0,89	-36,0%

Management or rotation

		30/09/2009		30/09/2008		30/09/2007	Sector Median 2009
Need background in operating working capital		40 days	-32,2%	59 days	22,9%	48 days	11 days	263,6%
Treasury		0 days	0%	0 days	0%	0 days	8 days	0%
Inventory turnover of goods		437 days	133,7%	187 days	-11,8%	212 days	77 days	467,5%
Average length of credit granted to customers		104 days	25,3%	83 days	6,4%	78 days	34 days	205,9%
Average length of credit obtained suppliers		118 days	49,4%	79 days	-19,4%	98 days	61 days	93,4%
More ratios
Inventory turnover of raw materials in industrial enterprises		232 days	-19,2%	287 days	18,6%	242 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	463 days	-
Rotation tangible assets		2263,59%	-25,7%	3045,58%	-11,9%	3457,21%	473,42%	378,1%

Profitability of the business

		30/09/2009		30/09/2008		30/09/2007	Sector Median 2009
Margin trading		5,37%	-31,2%	7,80%	6,6%	7,32	34,29%	-84,3%
Profitability of the business		-15,62	-583,6%	3,23	-53,4%	6,93	7,43%	-310,2%
Net profit		-17,38%	-2052,8%	0,89%	-74,4%	3,48%	3,59%	-584,1%
More ratios
Growth rate of turnover (excluding VAT)		%	-	%	-	%	2,89%	-
Rates integration		48,58%	-3,1%	50,13%	-2,7%	51,53%	32,86%	47,8%
Rate leasing furniture		0%	0%	0,04%	0%	0%	0%	0%
Work Factor		125,97%	38,6%	90,88%	8,9%	83,42%	66,51%	89,4%
Weight interests		1,35	11,6%	1,21%	36,0%	0,89%	0,42%	221,4%

Return on capital

		30/09/2009		30/09/2008		30/09/2007	Sector Median 2009
Cash flow from the overall profitability		-16,97%	-1187,8%	1,56%	-69,8%	5,16%	6,82%	-348,8%
Rates of economic profitability		-98,66%	-744,4%	15,31%	-62,5%	40,84%	22%	-548,5%
Financial profitability		423,50%	4600,3%	9,01%	-79,6%	44,23%	22866%	-98,1%
Return on investment		-101,27%	-1122,9%	9,90%	-61,6%	25,81%	13,51%	-849,6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/09/2009		30/09/2008		30/09/2007	Sector Median 2009
Turnover	119 246	-25,7%	160 441	-11,9%	182 126	331 510 €	-64,0%

Sales of goods	16 831	-57,9%	39 939	7,7%	37 077
- Purchase of goods	8 845	-68,0%	27 644	-26,7%	37 739
+/- Stock of goods variation	1 577	794,7%	-227	98,4%	-13 991
Trading margin	6 409 €	-48,8%	12 522 €	-6,1%	13 329 €	116 906 €	-94,5%
	5,37 % CA	-31,2%	7,80 % CA	6,6%	7,32 % CA	34,75 % CA	-84,5%

Sale of goods produced	102 415	-15,0%	120 502	-16,9%	145 049
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	102 415 €	-15,0%	120 502 €	-16,9%	145 049 €	26 680 €	283,9%
	85,89 % CA	14,4%	75,11 % CA	-5,7%	79,64 % CA	12,46 % CA	589,3%

Trading margin	6 409	-48,8%	12 522	-6,1%	13 329	116 906	-94,5%
+ Period Production	102 415	-15,0%	120 502	-16,9%	145 049	26 680	283,9%
- Purchase of raw materials	22 597	34,2%	16 839	-39,8%	27 960
+/- Change in stocks of raw materiels	-1 296	-7,5%	-1 206	89,3%	-11 250
- Other external purchases and charges	29 593	-19,9%	36 965	-22,7%	47 812
Added value	57 930 €	-28,0%	80 426 €	-14,3%	93 856 €	108 875 €	-46,8%
	48,58 % CA	-3,1%	50,13 % CA	-2,7%	51,53 % CA	32,86 % CA	47,8%

Added value	57 930 €	-28,0%	80 426 €	-14,3%	93 856 €	108 875 €	-46,8%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	3 580	67,1%	2 142	-27,2%	2 943
- Personal charges	72 973	-0,2%	73 094	-6,6%	78 294
Gross operating surplus	-18 623 €	-458,8%	5 190 €	-58,9%	12 619 €	22 969 €	-181,1%
	-15,62 % CA	-583,6%	3,23 % CA	-53,4%	6,93 % CA	7,43 % CA	-310,2%

Gross operating surplus	-18 623 €	-458,8%	5 190 €	-58,9%	12 619 €	22 969 €	-181,1%
+ Release of reserves and provisions	-	-	-	-	-
+ Other operating income	01	0%	0	0%	0
- Depreciation/Amortisation	495	-54,4%	1 085	-64,4%	3 050
- Other charges	0	0%	01	-99,8%	449
Operating result	-19 117 €	-565,8%	4 104 €	-55,0%	9 120 €	13 799 €	-238,5%
	-16,03 % CA	-726,2%	2,56 % CA	-48,9%	5,01 % CA	4,57 % CA	-450,8%

Operating result	-19 117 €	-565,8%	4 104 €	-55,0%	9 120 €	13 799 €	-238,5%
+/- Result of joint-venture transferred from/to other partners	-	-	-	-	-
+ Financial income	0	0%	0	0%	0
- Financial charges	1 611	-16,7%	1 935	18,9%	1 628
Pre-tax result	-20 728 €	-1055,6%	2 169 €	-71,0%	7 492 €	12 069 €	-271,7%
	-17,38 % CA	-1387,4%	1,35 % CA	-67,2%	4,11 % CA	4,18 % CA	-515,8%

Extraordinary income	0	0%	0	0%	0	16	0%
- Extraordinary charges	0	0%	500	2073,9%	23
Extraordinary result	0 €	0%	-500 €	-2073,9%	-23 €	0 €	0%
	% CA	-	-0,31 % CA	-3000%	0 % CA	0 % CA	-

Pre-tax result	-20 728 €	-1055,6%	2 169 €	-71,0%	7 492 €	12 069 €	-271,7%
Extraordinary result	0 €	0%	-500 €	-2073,9%	-23 €	0 €	0%
- Employee profit sharing	-	-	-	-	-
- Tax on profits	0	0%	250	-77,8%	1 124
Net result	-20 728 €	-1560,7%	1 419 €	-77,6%	6 345 €	11 219 €	-284,8%
	-17,38 % CA	-2075,0%	0,88 % CA	-74,7%	3,48 % CA	3,58 % CA	-585,5%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Last published Judgment	22/01/2013
This company is not under monitoring

Trends

Profitability

Liquidity

Net worth

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
05/02/2013	Bodacc A	Jugement d'ouverture
52 - HAUTE-MARNE TRIBUNAL DE COMMERCE DE CHAUMONT 1422 - Date : 21 janvier 2013. Jugement d'ouverture d'une procédure de redressement judiciaire. 491 146 346 RCS Chaumont. MEDIC' INSTRUMENTS +. Forme : Société à responsabilité limitée. Activité : Commerce de détail d'articles médicaux et orthopédiques en magasin spécialisé. Adresse : 44 rue de la Perrière, 52800 Nogent. Complément de jugement : Jugement prononçant l'ouverture d'une procédure de redressement judiciaire, date de cessation des paiements le 14 Février 2012 désignant mandataire judiciaire Me Hervé Dechriste rue M. Perey- Parc Energie - Bât 11 - 1er Etage - Bettancourt-la-Ferrée - 52115 Saint-Dizier . Les déclarations des créances sont à déposer au mandataire judiciaire dans les deux mois à compter de la présente publication.
03/06/2010	Bodacc C	Comptes annuels et rapports
52 - HAUTE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CHAUMONT 4778 - 491146346 RCS. MEDIC' INSTRUMENTS +. Forme : Société à responsabilité limitée. Adresse : 44 rue de la Perrière 52800 Nogent. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2009.
09/07/2009	Bodacc C	Comptes annuels et rapports
52 - HAUTE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CHAUMONT 5456 - 491146346 RCS. MEDIC' INSTRUMENTS +. Forme : Société à responsabilité limitée. Adresse : 44 rue de la Perrière 52800 Nogent. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2008.
05/06/2008	Bodacc C	Comptes annuels et rapports
52 - HAUTE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CHAUMONT 3618 - 491146346 RCS. MEDIC' INSTRUMENTS +. Forme : Société à responsabilité limitée. Adresse : 44 rue de la Perrière 52800 Nogent. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2007.
18/10/2006	Bodacc A	Vente et cession
0511 - RCS Chaumont B 491 146 346. RC 06-B 85. MEDIC' INSTRUMENTS +. Forme : S.A.R.L. Capital : 8 000 euros. Adresse du siège social : 44 rue de la Perrière, 52800 Nogent. Etablissement principal - Activité : négoce, distribution, réparation d'instruments en podologie et chirurgie. Adresse : 44 B rue de la Perrière, 52800 Nogent. Mise en activité suite à l'achat de l'établissement principal au prix stipulé de 7 625 euros. Commentaires : modification survenue sur l'activité, l'adresse de l'établissement principal et la date de début d'activité. Date de début d'activité : 25 juillet 2006. Précédent propriétaire : LAURENT-SUPPER (Françoise, Jacqueline, Charlette). RCS A 353 134 448. Publication légale : La Croix hebdo du 15 septembre 2006. Oppositions : Me Lefèvre (Bruno), notaire, 55 rue du Maréchal-de-Lattre, 52800 Nogent.
17/08/2006	Bodacc A	Création d'établissement
0541 - RCS Chaumont B 491 146 346. RC 06-B 85. MEDIC' INSTRUMENTS +. Forme : S.A.R.L. Capital : 8 000 euros. Adresse du siège social : 44 rue de la Perrière, 52800 Nogent. Administration : gérant : MORO (Béatrice) (Nom d'usage : MORO). Cette société se constitue , mais n'exploite provisoirement aucun établissement.

Company events history

Date	Description
05/02/2013	New collective procedure
22/01/2013	New collective procedure
21/01/2013	New collective procedure
21/01/2013	New collective procedure
03/06/2010	Bodacc C : Deposit accounts notice
30/09/2009	New accounts available
09/07/2009	Bodacc C : Deposit accounts notice
30/09/2008	New accounts available
05/06/2008	Bodacc C : Deposit accounts notice
30/09/2007	New accounts available
19/07/2006	Company formation
19/07/2006	Acte sous seing privé
19/07/2006	Appointment/resignation of company officers
19/07/2006	Articles of association
19/07/2006	Formation de Société
19/07/2006	Private document

Establishment events history

Date	Description
23/01/2013	Update Rating
23/01/2013	Update Limit
12/01/2013	Update of phone numbers
12/10/2012	Update of phone numbers
12/06/2011	Update Rating
02/06/2010	Update Limit
02/06/2010	Update Rating
30/12/2009	Update Rating
06/07/2009	Update Rating
06/07/2009	Update Limit
14/06/2009	Update Rating
14/06/2009	Update Limit
06/12/2008	Update Rating
06/12/2008	Update Limit
04/06/2008	Update Limit
04/06/2008	Update Rating
13/01/2008	Update Limit
12/01/2008	Update Rating
16/12/2007	Update Limit
25/07/2006	Modification of Establishment Activity
13/07/2006	Formation of Establishment

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.53
UK Pound	1	Rs.83.59
Euro	1	Rs.71.33

INFORMATION DETAILS

Report Prepared by :

PRL

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.