MIRA INFORM REPORT

Report Date :

13.04.2013

IDENTIFICATION DETAILS

Name :	EDOUARD SOTTILE FUNERAIRE
Registered Office :	Les Petites Rottes, 35133 La Chapelle Janson
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	August 2001
Com. Reg. No.:	RCS Rennes 0 702 022 237
Legal Form :	Simplified Joint Stock Company
Line of Business :	Subject is specialized in the sale of other particular products intermediates
No. of Employees :	6 to 9 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Good
Payment Behaviour :	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

EDOUARD SOTTILE FUNERAIRE

Personal comment

company summary

		EUR VAT Number	FR07702022237
Activity (APE)	Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z) (Specialized in the sale of other particular products (4618Z) Intermediates)	Legal form	Simplified joint stock company
Phone		RCS Registration	RCS Rennes 0 702 022 237
Fax		Share capital	307,280 Euros
Address	EDOUARD SOTTILE FUNERAIRE LES PETITES ROTTES 35133 LA CHAPELLE JANSON	Incorporated Date	08/2001
Nationality	France	Status	Economically active

Trading to Date

12/31/2010

12/31/2009

12/31/2008

Turnover

3,796,307 €

4,127,520 €

4,577,690 €

Gross Operating Surplus

7,25 % Turnover

6,30 % Turnover

10,48 % Turnover

Shareholders’ equity

1,622,499 €

1,640,453 €

1,434,821 €

Net result

122,045 €

205,632 €

242,325 €

Employees

6 to 9 employees

-

-

Company details

Activity (APE)	Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z)
RCS Registration	RCS Rennes 0 702 022 237	Share capital	307,280 Euros
Registration Court	Rennes (35)	Legal form	Simplified joint stock company
Court Registry Number	20 0 1B008	EUR VAT Number	FR07702022237
Incorporation Date	08/2001	Formation Date	01/1970
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Establishment details

Activity (APE)	Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z)	Business Pages FT®
Postal Address	EDOUARD SOTTILE FUNERAIRE LES PETITES ROTTES 35133 LA CHAPELLE JANSON	Trading Address	LES PETITES ROTTES 35133 LA CHAPELLE JANSON
Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	09/2010	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Bretagne
District		Area
City	LA CHAPELLE JANSON	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> EDOUARD SOTTILE FUNERAIRE <<<  - Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z)  in LA CHAPELLE JANSON  (35133)
Secondary establishments	>  EDOUARD SOTTILE FUNERAIRE  - Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z)  in LA CHAPELLE JANSON  (35133) >  EDOUARD SOTTILE FUNERAIRE  - Intermédiaires spécialisés dans le commerce d'autres produits spécifiques (4618Z)  in COGLES  (35460)

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

6 to 9 employees

Company workforce

6 to 9 employees

DIRECTORS/MANAGEMENT

Current Directors

1

directors

Name	M. SOLTANI JEAN-PAUL
Manager position	Président	Date of birth	13/04/1956
Place of birth	VILLENEUVE ST GEORGES
Type	Individual	Name at birth

Manager position	Title and name	Date of Birth/Place of Birth
Président	M JEAN-PAUL SOLTANI	13/04/1956 - 94 VILLENEUVE ST GEORGES
Président	TERRANOVA FINANCE	- - -
Gérant	M JEAN-PAUL SOLTANI	13/04/1956 - VILLENEUVE SAINT GEORGES
Président	M JEAN-PAUL SOLTANI	13/04/1956 - 94 VILLENEUVE ST GEORGES

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

307,280 Euros

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data

Total number of Invoices available	2
Total number of Invoices paid within or up to 30 days after the due date	2
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

Payment Information Summary - Trade Payment Data

Payment Information Summary - Trade Payment Data
Total number of Invoices available	2
Total number of Invoices paid within or up to 30 days after the due date	2
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

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	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	26/09/2011	12/08/2010	-
Activity Code	4618Z	4618Z	4618Z
Employees	6	5	0

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	416 165	50,5%	276 518	103,2%	136 071	8 325	4899,0%
- Intangible assets	4 756	-40,5%	7 998	67,0%	4 788	0	0%
- Tangible assets	396 257	56,4%	253 368	118,2%	116 131	1 908	20668,2%
- Financial assets	15 152	0%	15 152	0%	15 152	100	15052,0%
Net current assets	1 653 785	-15,7%	1 961 199	0,4%	1 952 959	106 620	1451,1%
- Stocks	245 295	-16,4%	293 508	-5,9%	311 969	0	0%
- Advanced payments	27 000	-15,7%	85 166	77,3%	48 041	0	0%
- Receivables	1 146 116	-16,8%	1 377 369	-1,1%	1 392 716	43 034	2563,3%
- Securities and cash	235 374	14,7%	205 156	2,5%	200 233	23 005	923,1%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	2 069 952	-7,5%	2 237 718	7,1%	2 089 032	140 430	1374,0%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	1 622 499	-1,1%	1 640 453	14,3%	1 434 821	43 778	3606,2%
Share capital	307 280	0%	307 280	0%	307 280	8 000	3741,0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	3 500	0%	3 500	0%	0	0	0%
Liabilities	443 953	-25,2%	593 765	-9,2%	654 211	72 346	513,7%
- Financial liabilities	35 851	0%	0	0%	15 000	5 000	617,0%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	332 295	-32,6%	493 379	-12,2%	562 245	12 819	2492,2%
- Tax and social liabilities	75 702	-23,5%	99 013	34,1%	73 861	23 035	228,6%
- Other debts and fixed assets liabilities	105	-92,4%	1 373	-55,8%	3 105	3 641	-97,1%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	2 069 952	-7,5%	2 237 718	7,1%	2 089 032	140 968	1368,4%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Sales of Goods	3 883 369	-10,7%	4 350 470	-5,4%	4 597 434	190 308	1940,6%
Net turnover	3 796 307	-8,0%	4 127 520	-9,8%	4 577 690	185 754	1943,7%
- of which net export turnover	28 237	11,4%	25 339	-62,1%	66 830	0	0%
Operating charges	3 628 526	-10,2%	4 041 620	-4,6%	4 234 696	175 657	1965,7%
Operating profit/loss	254 843	-17,5%	308 850	-14,9%	362 739	7 532	3283,5%
Financial income	13 027	15,6%	11 272	98,1%	5 690	0	0%
Financial charges	6 141	29,6%	4 740	-55,6%	10 676	202	2940,1%
Financial profit/loss	6 886	5,4%	6 532	231,0%	-4 986	-06	114866,7%
Pretax net operating income	261 729	-17,0%	315 382	-11,8%	357 753	7 191	3539,7%
Extraordinary income	613	331,7%	142	-99,7%	42 249	0	0%
Extraordinary charges	42 485	39980,2%	106	-99,7%	37 465	45	94311,1%
Extraordinary profit/loss	-41 872	-116411,1%	36	-99,2%	4 784	0	0%
Net result	122 045	-40,6%	205 632	-15,1%	242 325	7 157	1605,3%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2010	31/12/2009	31/12/2008
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2010		31/12/2009		31/12/2008
	Grand Total (I to VI)	Net	2 069 952	-7,5%	2 237 718	7,1%	2 089 032
	Gross	CO	2 561 809	-3,8%	2 662 063	8,1%	2 461 763
	Amortisation	1A	491 857	15,9%	424 345	13,8%	372 731

Non declared distributed capital (I)

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

Active fixed asset (II)

			31/12/2010		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	416 165	50,5%	276 518	103,2%	136 071
	Gross	BJ	796 567	37,3%	580 373	41,8%	409 360
	Amortisation	BK	380 402	25,2%	303 855	11,2%	273 289

Intangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	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	4 454	0,8%	4 419	-7,7%	4 788
	Gross	AF	31 784	2,2%	31 095	0%	31 095
	Amortisation	AG	27 330	2,5%	26 676	1,4%	26 307
	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	302	-91,6%	3 579	0%	0
	Gross	AJ	10 033	6,8%	9 392	214,2%	2 989
	Amortisation	AK	9 731	67,4%	5 813	94,5%	2 989
	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	4 756	-40,5%	7 998	67,0%	4 788

Tangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	107 303	50,3%	71 403	59,2%	44 840
	Gross	AR	196 808	45,9%	134 892	41,1%	95 608
	Amortisation	AS	89 505	41,0%	63 489	25,1%	50 768
	Other tangible fixed assets	Net	288 954	178,8%	103 639	45,4%	71 291
	Gross	AT	542 790	74,2%	311 516	17,8%	264 515
	Amortisation	AU	253 836	22,1%	207 877	7,6%	193 224
	Fixed assets in construction	Net	0	0%	78 326	0%	0
	Gross	AV	0	0%	78 326	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	396 257		253 368		116 131

Financial assets

			31/12/2010		31/12/2009		31/12/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	15 000	0%	15 000	0%	15 000
	Gross	CU	15 000	0%	15 000	0%	15 000
	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	152	0%	152	0%	152
	Gross	BH	152	0%	152	0%	152
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		15 152		15 152		15 152

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	1 653 785	-15,7%	1 961 199	0,4%	1 952 959
	Gross	CJ	1 765 241	-15,2%	2 081 689	1,4%	2 052 400
	Amortisation	CK	111 456	-7,5%	120 490	21,2%	99 441

Stocks

			31/12/2010		31/12/2009		31/12/2008
	Raw materials	Net	0	0%	0	0%	0
	Gross	BL	0	0%	0	0%	0
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	245 295	-16,4%	293 508	-5,9%	311 969
	Gross	BT	245 295	-24,8%	326 120	-5,9%	346 632
	Amortisation	BU	0	0%	32 612	-5,9%	34 663
	Sub Total Stocks	Net	245 295	-16,4%	293 508	-5,9%	311 969

Advance payments to suppliers

			31/12/2010		31/12/2009		31/12/2008
	Advance payments to suppliers	Net	27 000	-68,3%	85 166	77,3%	48 041
	Gross	BV	27 000	-68,3%	85 166	77,3%	48 041
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2010		31/12/2009		31/12/2008
	Trade accounts receivable	Net	844 005	-25,7%	1 135 758	8,1%	1 050 346
	Gross	BX	955 461	-21,9%	1 223 636	9,7%	1 115 124
	Amortisation	BY	111 456	26,8%	87 878	35,7%	64 778
	Other debtors	Net	297 072	28,3%	231 567	-25,6%	311 355
	Gross	BZ	297 072	28,3%	231 567	-25,6%	311 355
	Amortisation	CA	0	0%	0	0%	0
	Capital subscribed and called up	Net	0	0%	0	0%	0
	Gross	CB	0	0%	0	0%	0
	Amortisation	CC	0	0%	0	0%	0
	Sub Total Debtors	Net	1 141 077	-16,5%	1 367 325	0,4%	1 361 701

Divers

			31/12/2010		31/12/2009		31/12/2008
	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	235 374	14,7%	205 156	2,5%	200 233
	Gross	CF	235 374	14,7%	205 156	2,5%	200 233
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	235 374	14,7%	205 156	2,5%	200 233

Prepaid expenses

31/12/2010

31/12/2009

31/12/2008

Prepaid expenses

Net

5 039

-49,8%

10 044

-67,6%

31 015

Gross

CH

5 039

-49,8%

10 044

-67,6%

31 015

Amortisation

CI

0

0%

0

0%

0

Equalization accounts (IV to VI)

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

References

		31/12/2010		31/12/2009		31/12/2008
Due within one year	CP	0	0%	152	0%	152
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2010		31/12/2009		31/12/2008
Grand Total (I to V)	EE	2 069 952	-7,5%	2 237 718	7,1%	2 089 032

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	1 622 499	-1,1%	1 640 453	14,3%	1 434 821
	Equity and shareholders' equity	DA	307 280	0%	307 280	0%	307 280
	Issue and merger premiums	DB	328 453	0%	328 453	0%	328 453
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	30 728	0%	30 728	0%	30 728
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	833 992	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	768 360	46,1%	526 034
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	0	0%	0
	Profit or loss for the period	DI	122 046	-40,6%	205 632	-15,1%	242 325
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2010		31/12/2009		31/12/2008
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

		31/12/2010		31/12/2009		31/12/2008
Total provisions for risks and charges (Total III)	DR	3 500	0%	3 500	0%	0
Risk provisions	DP	3 500	0%	0	0%	0
Reserves for charges	DQ	0	0%	3 500	0%	0

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	443 953	-25,2%	593 765	-9,2%	654 211
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	35 851	0%	0	0%	0
	Sundry loans and financial liabilities	DV	0	0%	0	0%	15 000
	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	332 295	-32,6%	493 379	-12,2%	562 245
	Tax and social security liabilities	DY	75 702	-23,5%	99 013	34,1%	73 861
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	105	-92,4%	1 373	-55,8%	3 105

Translation loss (V)

		31/12/2010		31/12/2009		31/12/2008
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2010		31/12/2009		31/12/2008
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	430 623	-27,5%	593 765	-9,2%	654 211
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)

		31/12/2010		31/12/2009		31/12/2008
Operating result (Total I-II)	GG	254 843	-17,5%	308 850	-14,9%	362 739

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	6 886	5,4%	6 532	231,0%	-4 986

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

		31/12/2010		31/12/2009		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	261 729	-17,0%	315 382	-11,8%	357 753

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-41 872	-116411,1%	36	-99,2%	4 784

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	122 045	-40,6%	205 632	-15,1%	242 325

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	3 897 009	-10,7%	4 361 884	-6,1%	4 645 375

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

		31/12/2010		31/12/2009		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	3 774 963	-9,2%	4 156 254	-5,6%	4 403 049

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	3 883 369	-10,7%	4 350 470	-5,4%	4 597 434

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	3 420 225	-8,4%	3 733 437	-10,1%	4 154 521
	France	FA	3 391 988	-8,5%	3 708 098	-9,3%	4 090 534
	Export	FB	28 237	11,4%	25 339	-60,4%	63 986
	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	376 082	-4,6%	394 083	-6,9%	423 168
	France	FG	376 082	-4,6%	394 083	-6,2%	420 324
	Export	FH	0	0%	0	0%	2 844
	Net turnover	FL	3 796 307	-8,0%	4 127 520	-9,8%	4 577 690
	France	FJ	3 768 070	-8,1%	4 102 181	-9,1%	4 510 858
	Export	FK	28 237	11,4%	25 339	-62,1%	66 830
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	38 071	0%	0
	Operating grants	FO	4 925	-49,5%	9 745	-27,2%	13 383
	Release of reserves and provisions	FP	82 023	-52,7%	173 359	2642,6%	6 321
	Other income	FQ	114	-93,6%	1 775	4337,5%	40

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	3 628 526	-10,2%	4 041 620	-4,6%	4 234 696

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	2 145 333	-13,7%	2 487 039	-9,6%	2 749 784
Change in stocks of goods for resale	FT	80 825	294,0%	20 513	66,0%	12 358
Purchase of raw materials	FU	190 576	64,7%	115 686	-7,0%	124 447
Change in stocks of raw materials	FV	0	0%	0	0%	6 060
Other external purchases and charges	FW	817 856	-21,1%	1 036 864	10,6%	937 341
Tax, duty and similar payments	FX	33 434	-18,2%	40 897	2,3%	39 973
Payroll	FY	190 789	19,3%	159 968	-11,7%	181 077
Social security costs	FZ	67 198	23,8%	54 267	-10,0%	60 315

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	76 547	46,5%	52 243	9,8%	47 569
Amortisation of fixed assets	GB	0	0%	5 551	0%	0
Depreciation/amortisation of current assets	GC	25 890	-60,2%	65 049	-14,1%	75 693
Provisions for risks and charges	GD	0	0%	3 500	0%	0

Other charges

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	78	81,4%	43	-43,4%	76

Operating charges (III-IV)

		31/12/2010		31/12/2009		31/12/2008
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/12/2010		31/12/2009		31/12/2008
	Total financial income (Total V)	GP	13 027	15,6%	11 272	98,1%	5 690
	Share financial income	GJ	4 686	3154,2%	144	-8,3%	157
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	8 341	-25,0%	11 128	101,1%	5 533
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2010		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	6 141	29,6%	4 740	-55,6%	10 676
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	6 141	29,6%	4 740	-55,6%	10 676
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary income (Total VII)	HD	613	331,7%	142	-99,7%	42 249
	Extraordinary operating income	HA	613	331,7%	142	-99,6%	37 749
	Extraordinary income from capital transactions	HB	0	0%	0	0%	4 500
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	42 485	39980,2%	106	-99,7%	37 465
	Extraordinary operating charges	HE	42 485	39980,2%	106	-62,7%	284
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	4 400
	Extraordinary reserves and provisions	HG	0	0%	0	0%	32 780

Employee profit sharing (IX)

		31/12/2010		31/12/2009		31/12/2008
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	97 811	-10,9%	109 788	-8,7%	120 212

References

		31/12/2010		31/12/2009		31/12/2008
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	102 129	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)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	OG	0	0%	0	0%	384 260
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	29 500
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	0	0%	4 400
	Gross value at the end of period	OL	796 568	37,3%	580 374	41,8%	409 360

Research and development Charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	KD	40 487	18,8%	34 084	0%	34 084
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	1 329	-79,2%	6 403	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	41 816	3,3%	40 487	18,8%	34 084

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	524 735	45,7%	360 124	8,9%	330 624
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	214 865	30,5%	164 611	458,0%	29 500
	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	739 600	40,9%	524 735	45,7%	360 124

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	15 152	0%	15 152	-22,5%	19 552
	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%	4 400
	Gross value at the end of period	NK	15 152	0%	15 152	0%	15 152

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

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	192 939
Increases		0P	0	0%	0	0%	80 350
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	273 289

Research and development charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	32 489	10,9%	29 296	7,3%	27 309
Increases		PF	4 572	43,2%	3 193	60,7%	1 987
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	37 061	14,1%	32 489	10,9%	29 296

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	271 365	11,2%	243 993	47,3%	165 630
Increases		QV	71 975	163,0%	27 372	-65,1%	78 363
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	343 340	26,5%	271 365	11,2%	243 993

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

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

Premium refund of obligations

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

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

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7C	123 990	24,7%	99 441	279,3%	26 216
Increases		UB	25 890	-62,2%	68 549	-9,4%	75 694
Decreases		UC	34 925	-20,6%	44 000	1682,8%	2 468
	Value at the end of period	UD	114 955	-7,3%	123 990	24,7%	99 442

Includes Total allocations

Operating	UE	25 890	-62,2%	68 549	-9,4%	75 694
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	34 925	-20,6%	44 000	1682,8%	2 468
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	5Z	3 500	0%	0	0%	0
Increases		TV	0	0%	3 500	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	3 500	0%	3 500	0%	0

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7B	120 490	21,2%	99 441	279,3%	26 216
Increases		TY	25 890	-60,2%	65 049	-14,1%	75 694
Decreases		TZ	34 925	-20,6%	44 000	1682,8%	2 468
	Value at the end of period	UA	111 455	-7,5%	120 490	21,2%	99 442

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	1 257 725	-14,2%	1 465 399	0,5%	1 457 648
1 year at most	VU	1 257 573	-14,2%	1 465 399	0,5%	1 457 496
More than one year	VV	152	0%	0	0%	152

State of loans

		31/12/2010		31/12/2009		31/12/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	152	0%	152	0%	152
Other financial assets (1 year at most)	UV	0	0%	152	0%	0

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	135 132	6,3%	127 153	-4,9%	133 721
Other claims customer	UX	820 328	-25,2%	1 096 483	11,8%	981 103
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	41 918	302,1%	10 424	-44,6%	18 829
Value added tax	VB	38 711	81,2%	21 365	35,9%	15 717
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	612	-33,3%	917
Group and Associates	VC	187 586	-5,8%	199 064	-15,0%	234 064
Accounts receivable (including claims relating to the operation of pension titles)	VR	28 858	27917,5%	103	-99,8%	41 828

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	5 039	-49,8%	10 044	-67,6%	31 015

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	443 953	-25,2%	593 765	-9,2%	654 212
1 year at most		VZ2	430 623	-27,5%	593 765	-9,2%	654 212
More than 1 year and 5 years at most		VZ3	13 330	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2009		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	63	0%	0	0%	0
1 year at most		VG2	63	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	35 787	0%	0	0%	0
1 year at most		VH2	22 457	0%	0	0%	0
More than 1 year and 5 years at most		VH3	13 330	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	332 295	-32,6%	493 379	-12,2%	562 245
1 year at most		8B2	332 295	-32,6%	493 379	-12,2%	562 245
More than 1 year and 5 years at most		8B3	332 295	-32,6%	493 379	0%	0
	Personnel and associated accounts (gross)	8C1	11 112	-6,4%	11 869	12,7%	10 532
1 year at most		8C2	11 112	-6,4%	11 869	12,7%	10 532
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	33 632	27,2%	26 431	-4,5%	27 679
1 year at most		8D2	33 632	27,2%	26 431	-4,5%	27 679
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	1 262	-95,5%	28 281	361,7%	6 126
1 year at most		VW2	1 262	-95,5%	28 281	361,7%	6 126
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	29 695	-8,4%	32 432	9,8%	29 525
1 year at most		VQ2	29 695	-8,4%	32 432	9,8%	29 525
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%	15 000
1 year at most		VI2	0	0%	0	0%	15 000
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	105	-92,4%	1 373	-55,8%	3 105
1 year at most		8K2	105	-92,4%	1 373	-55,8%	3 105
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Loans made during the period	VJ	45 000	0%	0	0%	0
Debt repaid during the period	VK	9 213	0%	0	0%	19 296

Table allocation results and other information
Dividends distributed

31/12/2010

31/12/2009

31/12/2008

Dividends

ZE

0

0%

0

0%

0

Commitments

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

Other charges Externes

		31/12/2010		31/12/2009		31/12/2008
Subcontracting	YT	0	0%	398 379	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	64 869	0%	0
Staff outside the company	YU	0	0%	18 176	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	291 464	0%	0
Fees, commissions and brokerage	YV	0	0%	6 460	0%	0
Other accounts	ST	0	0%	257 516	0%	0
Total Other purchases and external	ZJ	0	0%	1 036 864	0%	0

Taxes and Fees

		31/12/2010		31/12/2009		31/12/2008
Business tax	YW	0	0%	17 343	0%	0
Other taxes and payments assimilated	9Z	0	0%	23 554	0%	0
Total taxes and fees	YX	0	0%	40 897	0%	0

VAT

		31/12/2010		31/12/2009		31/12/2008
Amount VAT collected	YY	0	0%	811 479	0%	0
Total VAT on goods and services	YZ	0	0%	751 425	0%	0

Average number of employees

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	06	20,0%	05	0%	0

Groups and Shareholders

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

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Fixed Asset Financing		2,56	-23,8%	3,36	-20,2%	4,21	2,68	-4,5%
Global Debt		42 days	-19,2%	52 days	2,0%	51 days	125 days	-66,4%
Working Capital Fund overall net		118 days	-0,8%	119 days	15,5%	103 days	70 days	68,6%
Financial independence		4525,67%	-	%	-	%	374,46%	1108,6%
More ratios
Solvability		78,38%	6,9%	73,31%	6,7%	68,68%	36,60%	114,2%
Capacity debt futures		7204,70%	-	%	-	%	1193,36%	503,7%
Coverage of current assets by net working capital overall		70,77%	7,2%	66,01%	1,6%	64,99%	42,26%	67,5%
General Liquidity		2,92	18,2%	2,47	10,8%	2,23	0,78	274,4%
Restricted Liquidity		3,47	23,5%	2,81	11,1%	2,53	1,28	171,1%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital		95 days	-5,9%	101 days	18,8%	85 days	11 days	763,6%
Treasury		22 days	22,2%	18 days	12,5%	16 days	11 days	100%
Inventory turnover of goods		40 days	-14,9%	47 days	4,4%	45 days	27 days	48,1%
Average length of credit granted to customers		91 days	2,2%	89 days	1,1%	88 days	58 days	56,9%
Average length of credit obtained suppliers		37 days	-7,5%	40 days	-24,5%	53 days	50 days	-26,0%
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	1722,50 days	-
Rotation tangible assets		513,29%	-34,7%	786,59%	-38,1%	1271,14%	1589,61%	-67,7%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading		31,45%	5,9%	29,70%	-2,4%	30,42	0,66%	4665,2%
Profitability of the business		7,25	15,1%	6,30	-39,9%	10,48	4,82%	50,4%
Net profit		3,21%	-35,5%	4,98%	-5,9%	5,29%	3,21%	0%
More ratios
Growth rate of turnover (excluding VAT)		-8,02%	18,4%	-9,83%	-50,3%	-6,54%	1,50%	-634,7%
Rates integration		14,80%	20,8%	12,25%	-25,0%	16,33%	31,74%	-53,4%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		45,93%	8,4%	42,38%	31,3%	32,28%	64,06%	-28,3%
Weight interests		0,16	45,5%	0,11%	-52,2%	0,23%	0,10%	60,0%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability		4,31%	-19,0%	5,32%	-23,9%	6,99%	4,41%	-2,3%
Rates of economic profitability		17%	6,2%	16%	-51,5%	33%	16%	6,2%
Financial profitability		1622499%	-1,1%	1640453%	14,3%	1434821%	15435,50%	10411,5%
Return on investment		7,73%	-39,7%	12,82%	-26,5%	17,45%	12,98%	-40,4%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Turnover	3 796 307	-8,0%	4 127 520	-9,8%	4 577 690	185 754 €	1943,7%

Sales of goods	3 420 225	-8,4%	3 733 437	-10,1%	4 154 521
- Purchase of goods	2 145 333	-13,7%	2 487 039	-9,6%	2 749 784
+/- Stock of goods variation	80 825	294,0%	20 513	66,0%	12 358
Trading margin	1 194 067 €	-2,6%	1 225 885 €	-12,0%	1 392 379 €	241 €	495363,5%
	31,45 % CA	5,9%	29,70 % CA	-2,4%	30,42 % CA	3,33 % CA	844,4%

Sale of goods produced	376 082	-4,6%	394 083	-6,9%	423 168
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	38 071	0%	0
Period production	376 082 €	-13,0%	432 154 €	2,1%	423 168 €	60 000 €	526,8%
	9,91 % CA	-5,3%	10,47 % CA	13,3%	9,24 % CA	96,54 % CA	-89,7%

Trading margin	1 194 067	-2,6%	1 225 885	-12,0%	1 392 379	241	495363,5%
+ Period Production	376 082	-13,0%	432 154	2,1%	423 168	60 000	526,8%
- Purchase of raw materials	190 576	64,7%	115 686	-7,0%	124 447
+/- Change in stocks of raw materiels	0	0%	0	0%	6 060
- Other external purchases and charges	817 856	-21,1%	1 036 864	10,6%	937 341
Added value	561 717 €	11,1%	505 489 €	-32,4%	747 699 €	62 233 €	802,6%
	14,80 % CA	20,8%	12,25 % CA	-25,0%	16,33 % CA	31,68 % CA	-53,3%

Added value	561 717 €	11,1%	505 489 €	-32,4%	747 699 €	62 233 €	802,6%
+ Operating grants	4 925	-49,5%	9 745	-27,2%	13 383
- Tax, duty and similar payments	33 434	-18,2%	40 897	2,3%	39 973
- Personal charges	257 987	20,4%	214 235	-11,3%	241 392
Gross operating surplus	275 221 €	5,8%	260 102 €	-45,8%	479 717 €	9 458 €	2809,9%
	7,25 % CA	15,1%	6,30 % CA	-39,9%	10,48 % CA	4,82 % CA	50,4%

Gross operating surplus	275 221 €	5,8%	260 102 €	-45,8%	479 717 €	9 458 €	2809,9%
+ Release of reserves and provisions	82 023	-52,7%	173 359	2642,6%	6 321
+ Other operating income	114	-93,6%	1 775	4337,5%	40
- Depreciation/Amortisation	102 437	-18,9%	126 343	2,5%	123 262
- Other charges	78	81,4%	43	-43,4%	76
Operating result	254 843 €	-17,5%	308 850 €	-14,9%	362 740 €	7 532 €	3283,5%
	6,71 % CA	-10,3%	7,48 % CA	-5,6%	7,92 % CA	3,68 % CA	82,3%

Operating result	254 843 €	-17,5%	308 850 €	-14,9%	362 740 €	7 532 €	3283,5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	13 027	15,6%	11 272	98,1%	5 690
- Financial charges	6 141	29,6%	4 740	-55,6%	10 676
Pre-tax result	261 729 €	-17,0%	315 382 €	-11,8%	357 754 €	7 165 €	3552,9%
	6,89 % CA	-9,8%	7,64 % CA	-2,3%	7,82 % CA	3,57 % CA	93,0%

Extraordinary income	613	331,7%	142	-99,7%	42 249	0	0%
- Extraordinary charges	42 485	39980,2%	106	-99,7%	37 465
Extraordinary result	-41 872 €	-116411,1%	36 €	-99,2%	4 784 €	0 €	0%
	-1,10 % CA	0%	0,00 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	261 729 €	-17,0%	315 382 €	-11,8%	357 754 €	7 165 €	3552,9%
Extraordinary result	-41 872 €	-116411,1%	36 €	-99,2%	4 784 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	97 811	-10,9%	109 788	-8,7%	120 212
Net result	122 046 €	-40,6%	205 630 €	-15,1%	242 326 €	7 135 €	1610,5%
	3,21 % CA	-35,5%	4,98 % CA	-5,9%	5,29 % CA	3,21 % CA	0%

ADDITIONAL INFORMATION

This company is not under monitoring

Trends

Profitability

Liquidity

Net worth

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

Preferential rights details and history

Status of collection

This company is not under monitoring

event history

Status history

Date	Description
27/09/2010	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
30/07/2012	Bodacc C	Comptes annuels et rapports
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 2914 - 702022237 RCS. EDOUARD SOTTILE FUNERAIRE. Forme : Société par actions simplifiée. Adresse : les Petites Rottes 35133 La Chapelle-Janson. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
21/06/2011	Bodacc B	Modification et mutation diverse
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 343 - 702 022 237 RCS Rennes. EDOUARD SOTTILE FUNERAIRE. Forme : Société par actions simplifiée. Administration : Président de la société : SOLTANI Jean-Paul. Capital : 307280 EUR. Activité : Négoce de blocs de marbre, pierre, granit, monuments funéraires, cercueils, accessoires de cercueils, articles funéraires, étude, réalisation desdits monuments, cercueils, accessoires de cercueils, articles funéraires, gravure dès monuments et plaques funéraires, conseil, étude, conception, réalisation de projets d'architecture ou d'aménagé ment commercial relatif au secteur funéraire, conseil en marketing (début : 01.07.2001). Adresse de l’établissement principal : les Pétites Rottes, 35133 La Chapelle-Janson. Adresse du siège social : les Pétites Rottes, 35133 La Chapelle-Janson. Commentaires : Transfert du siège et de l'établissement principal avec création Changement de président. Date de commencement de l’activité : 12/05/1970. Date d’effet : 27/09/2010.
17/06/2011	JAL	Resignation / Revocation of the social representative
Paysan Breton (Le)/Edition d'Ille et Vilaine Date de décision : 27/09/2010 La société 702022237 - EDOUARD SOTTILE FUNERAIRE, ZA DE CIMETTE, 35133 LA CHAPELLE JANSON Fait l'objet du départ de Date d'effet : 27/09/2010
09/09/2010	Bodacc C	Comptes annuels et rapports
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 3384 - 702022237 RCS. EDOUARD SOTTILE FUNERAIRE. Forme : Société par actions simplifiée. Adresse : Zone Artisanale de Cimette 35133 La Chapelle-Janson. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
24/09/2009	Bodacc C	Comptes annuels et rapports
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 2472 - 702022237 RCS. EDOUARD SOTTILE FUNERAIRE. Forme : Société par actions simplifiée. Adresse : Zone Artisanale de Cimette 35133 La Chapelle-Janson. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
29/05/2009	Bodacc C	Comptes annuels et rapports
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 2969 - 702022237 RCS. EDOUARD SOTTILE FUNERAIRE. Forme : Société par actions simplifiée. Adresse : Zone Artisanale de Cimette 35133 La Chapelle-Janson. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
04/03/2009	Bodacc B	Modification et mutation diverse
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 403 - 702 022 237 RCS Rennes. EDOUARD SOTTILE FUNERAIRE. Forme : Société par actions simplifiée. Administration : Président de la société : TERRANOVA FINANCE. Capital : 307280 EUR. Activité : Négoce de blocs de marbre, pierre, granit, monuments funéraires, cercueils, accessoires de cercueils, articles funéraires, étude, réalisation desdits monuments, cercueils, accessoires de cercueils, articles funéraires, gravure dès monuments et plaques funéraires, conseil, étude, conception, réalisation de projets d'architecture ou d'aménagé ment commercial relatif au secteur funéraire, conseil en marketing (début : 01.07.2001). Adresse de l’établissement principal : Zone Artisanale de Cimette, 35133 La Chapelle-Janson. Adresse du siège social : Zone Artisanale de Cimette, 35133 La Chapelle-Janson. Commentaires : Transformation en société par actions simplifiée. Date de commencement de l’activité : 12/05/1970. Date d’effet : 15/11/2008.
05/12/2008	Bodacc C	Comptes annuels et rapports
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE RENNES 3412 - 702022237 RCS. EDOUARD SOTTILE FUNERAIRE. Forme : Société à responsabilité limitée. Adresse : Zone Artisanale de Cimette 35133 La Chapelle-Janson. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
20/11/2007	Bodacc C	Avis de dépôt des comptes
4880 - 702 022 237. RCS Rennes EDOUARD SOTTILE FUNERAIRE. Forme: Société à responsabilité limitée. Adresse du siège social: Zone Artisanale de Cimette La Chapelle-Janson , 35133 Fougères. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
14/10/2007	Bodacc B	Modifications et mutations diverses
920 - Ancienne situation du siège social : RCS Rennes B 702 022 237. RC 01-B 820. EDOUARD SOTTILE FUNERAIRE. Forme : S.A.R.L. Capital : 225 340 euros. Adresse : zone artisanale de Cimette, La Chapelle-Janson, 35133 Nouvelle situation du siège social - Capital : 307 280 euros. Etablissement principal - Activité : négoce de blocs de marbre, de pierre, de granit, de monuments funéraires, de cercueils, d'accessoires de cercueils et d'articles funéraires études, réalisation desdits monuments, de cercueils, d'accessoires de cercueils et d'articles funéraires. Gravure de monuments et de plaques funéraires. Conseil, études, conception, réalisation de projets d'architecture ou d'aménagement commercial relatif au secteur funéraire et conseil en marketing . Adresse : zone artisanale de Cimette, La Chapelle-Janson, 35133 Date d'effet : 30 juillet 2007.
01/04/2007	Bodacc B	Modifications et mutations diverses
574 - Ancienne situation du siège social : RCS Rennes B 702 022 237. RC 01-B 820. EDOUARD SOTTILE FUNERAIRE. Forme : S.A.R.L. Capital : 169 000 euros. Adresse : zone artisanale de Cimette, La Chapelle-Janson, 35133 Nouvelle situation du siège social - Capital : 225 340 euros. Etablissement principal - Activité : négoce de blocs de marbre, de pierre, de granit, de monuments funéraires, de cercueils, d'accessoires de cercueils et d'articles funéraires études, réalisation desdits monuments, de cercueils, d'accessoires de cercueils et d'articles funéraires. Gravure de monuments et de plaques funéraires. Conseil, études, conception, réalisation de projets d'architecture ou d'aménagement commercial relatif au secteur funéraire et conseil en marketing . Adresse : zone artisanale de Cimette, La Chapelle-Janson, 35133 Date d'effet : 2 février 2007.
29/10/2006	Bodacc C	Avis de dépôt des comptes
1355 - RCS Rennes B 702 022 237. RC 01-B 820. EDOUARD SOTTILE FUNERAIRE. Forme: S.A.R.L. . Adresse du siège social: Zone artisanale de Cimette,la Chapelle Janson, 35133 Fougères. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
01/04/2006	Bodacc C	Avis de dépôt des comptes
1773 - RCS Rennes B 702 022 237. RC 01-B 820. EDOUARD SOTTILE FUNERAIRE. Forme: S.A.R.L. . Adresse du siège social: Zone artisanale de Cimette,la Chapelle Janson, 35133 Fougères. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
24/10/2004	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Rennes B 702022237 RC 01-B 820 EDOUARD SOTTILE FUNERAIRE. Forme : S.A.R.L. Capital : 86 000 euros. Adresse : zone artisanale de Cimette, La Chapelle- Janson 35133 Fougères Nouvelle situation du siège social. Capital : 169 000 euros Etablissement principal: Activité : négoce de blocs de marbre, de pierre, de granit, de monuments funéraires, de cercueils, d'accessoires de cercueils et d'articles funéraires études, réalisation desdits monuments, de cercueils, d'accessoires de cercueils et d'articles funéraires. Gravure de monuments et de plaques funéraires. Conseil, études, conception, réalisation de projets d'architecture ou d'aménagement commercial relatif au secteur funéraire et conseil en marketing. Adresse : zone artisanale de Cimette, La Chapelle-Janson 35133 Fougères. Date d'effet : 21 septembre 2004.
28/08/2001	Bodacc B	Modifications et mutations diverses
RCS Rennes B 702022237 A dater du: 8 aout 2001 RC 01-B 820 EDOUARD SOTTILE FUNERAIRE. Forme : S.A.R.L. Capital : 86 000 euros. Adresse du siège social : Z.A. de Cinette, La Chapelle-Janson 35133 Fougères. Administration : gérant : SOLTANI (Jean-Paul) Etablissement principal: Activité : négoce de blocs de marbre, de pierre, de granit, de monuments funéraires, de cercueils, d' accessoires de cercueils et d'articles funéraires études, réalisation desdits monuments, cercueils, accessoires de cercueils, articles funéraires, gravure des monuments et plaques funéraires. Conseil, études, conception, réalisation de projets d' architecture ou d'aménagement commercial relatif au secteur funéraire et conseil en marketing. Adresse : Z.A. de Cinette, La Chapelle-Janson 35133 Fougères. Commentaires : ancien capital : 435 600 F. Transfert du siège social. Ancienne adresse : 169 rue de la Roquette, 75011 Paris. Date d'effet : 1 e r juillet 2001.
29/11/2000	Bodacc B	Modifications et mutations diverses
RCS Paris B 702022237 RC 70-B 2223 EDOUARD SOTTILE FUNERAIRE. Forme : S.A.R. L. Commentaires : modification survenue sur l'administration. Administration : gérant partant : SOTTILE, née CHARPILLAT (Annie, Louise, Paule). Nomination du gérant : SOLTANI (Jean- Paul).
24/11/1999	Bodacc B	Modifications et mutations diverses
RCS Paris B 702022237 RC 70-B 2223 EDOUARD SOTTILE FUNERAIRE. Forme : S.A.R. L. Capital : 435 600 F. Commentaires : modification survenue sur le capital ( augmentation).

Company events history

Date	Description
30/07/2012	Bodacc C : Deposit accounts notice
28/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
09/09/2011	Bodacc C : Deposit accounts notice
21/06/2011	Bodacc B: Various editing or changing
17/06/2011	Legal Gazette: Resignation / Revocation of the social representative
09/06/2011	Updated articles of association
09/06/2011	Registered office transferred inside jurisdiction of the Commercial Court
09/06/2011	Minutes of general meeting of shareholders
09/06/2011	New chairman (CEO, CoB)
09/06/2011	Amendment
31/12/2010	New accounts available
27/09/2010	Update of Company Head Office Identifier
27/09/2010	Transfer of Establishment
09/09/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
24/09/2009	Bodacc C : Deposit accounts notice
29/05/2009	Bodacc C : Deposit accounts notice
04/03/2009	New Bodacc B ads detected
04/03/2009	Bodacc B: Various editing or changing
18/02/2009	Changement de Forme Juridique avec changement de catégorie
18/02/2009	New legal form – no new category
18/02/2009	Changement de Président (PDG, PCA)
18/02/2009	New chairman (CEO, CoB)
18/02/2009	Private document
18/02/2009	Appointment/resignation of company officers
18/02/2009	PV d'Assemblée
18/02/2009	Minutes of general meeting of shareholders
18/02/2009	Statuts mis à jour
18/02/2009	Updated articles of association
31/12/2008	New accounts available
05/12/2008	Bodacc C : Deposit accounts notice
06/11/2008	Private document
06/11/2008	Rapport des Commissaires ou du Gérant
06/11/2008	Audit or Management Report
31/12/2007	New accounts available
12/09/2007	Updated articles of association
12/09/2007	Capital increase
12/09/2007	Private document
12/09/2007	PV d'Assemblée
12/09/2007	Minutes of general meeting of shareholders
12/09/2007	Augmentation de Capital
12/09/2007	Statuts mis à jour
07/03/2007	Acte modificatif
07/03/2007	Augmentation de Capital
07/03/2007	Capital increase
07/03/2007	Minutes of general meeting of shareholders
07/03/2007	Private document
07/03/2007	Statuts mis à jour
07/03/2007	Updated articles of association
13/02/2007	Acte sous seing privé
13/02/2007	Private document
13/02/2007	Sale of shares
13/02/2007	Cession de parts
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
07/10/2004	Private document
07/10/2004	Acte sous seing privé
07/10/2004	Capital increase
07/10/2004	Augmentation de Capital
07/10/2004	Updated articles of association
07/10/2004	Statuts mis à jour
07/10/2004	PV d'Assemblée
07/10/2004	Minutes of general meeting of shareholders
31/12/2003	New accounts available
18/04/2003	Nomination/démission des organes de gestion
18/04/2003	Acte sous seing privé
18/04/2003	PV d'Assemblée
18/04/2003	Statuts mis à jour
18/04/2003	Cession de parts
08/08/2001	Augmentation de Capital
08/08/2001	Conversion du Capital Social en Euros
08/08/2001	Statuts mis à jour
08/08/2001	Immatriculation suite à transfert
08/08/2001	Transfert du Siège dans le ressort du Tribunal de Commerce
08/08/2001	Modification de l'objet social
08/08/2001	PV d'Assemblée
08/08/2001	Acte sous seing privé
30/05/2001	Statuts mis à jour
30/05/2001	Cession de parts
30/05/2001	Acte sous seing privé
14/11/2000	PV d'Assemblée
14/11/2000	Cession de parts
14/11/2000	Changement de Gérant
14/11/2000	Changement de date de clôture
14/11/2000	Acte sous seing privé
14/11/2000	Statuts mis à jour
14/11/2000	Nomination/démission des organes de gestion
04/11/1999	Statuts mis à jour
04/11/1999	Cession de parts
04/11/1999	PV d'Assemblée
04/11/1999	Acte sous seing privé
04/11/1999	Nomination/démission des organes de gestion
04/11/1999	Augmentation de Capital
09/02/1993	Statuts mis à jour
09/02/1993	PV d'Assemblée
09/02/1993	Nomination/démission des organes de gestion
09/02/1993	Acte modificatif
09/02/1993	Changement de Gérant
09/02/1993	Cession de parts
09/02/1993	Changement de dénomination sociale
09/02/1993	Déclaration de conformité

Establishment events history

Date	Description
07/09/2012	Update Rating
28/09/2011	Update Limit
27/09/2010	Formation of Head office (after transfer)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.44
UK Pound	1	Rs.83.78
Euro	1	Rs.71.33

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.