MIRA INFORM REPORT

Report Date :

20.07.2013

IDENTIFICATION DETAILS

Name :	GROUPE BARBARA
Registered Office :	102 Av Des Champs Elysees 75008 Paris 8
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	July 2010
Com. Reg. No.:	RCS Paris 1 523 968 477
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Manufacture of underwear
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow
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

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 79 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, before stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 10.3% in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high unemployment costs have strained France's public finances. The budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.5% of GDP in 2012, while France's public debt rose from 68% of GDP to 89% over the same period. Under President SARKOZY, Paris implemented some austerity measures 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. Socialist Party candidate Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, and hiring an additional 60,000 teachers during his five-year term. The government's attempt to introduce a 75% wealth tax on income over one million euros for two years was struck down by the French Constitutional Council in December 2012 because it applied to individuals rather than households. France ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's government has maintained France's commitment to meeting the budget deficit target of 3% of GDP during 2013 even amid signs that economic growth will be lower than the government's forecast of 0.8%. Despite stagnant growth and fiscal challenges, France's borrowing costs declined during the second half of 2012 to euro-era lows.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Name

GROUPE BARBARA

SIRET

523 968 477 00019

Personal comment

company summary

		EUR VAT Number	FR73523968477
Activity (APE)	Manufacture of underwear (1414Z)	Legal form	Simplified Joint Stock Company with Single Associate
Phone	01 34 65 05 40	RCS Registration	RCS Paris 1 523 968 477
Fax		Share capital	8,000,000 Euros
Address	GROUPE BARBARA 102 AV DES CHAMPS ELYSEES 75008 PARIS 8	Incorporated Date	07/2010
Nationality	France	Status	Economically active

Company details

Activity (APE)	Fabrication de vêtements de dessous (1414Z)
RCS Registration	RCS Paris 1 523 968 477	Share capital	8,000,000 Euros
Registration Court	Paris (75)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	20 1 0B158	EUR VAT Number	FR73523968477
Incorporation Date	07/2010	Formation Date	06/2010
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Activity (APE)	Fabrication de vêtements de dessous (1414Z)	Business Pages FT®
Postal Address	GROUPE BARBARA 102 AV DES CHAMPS ELYSEES 75008 PARIS 8	Trading Address	102 AVENUE DES CHAMPS ELYSEES 75008 PARIS 8
Telephone	01 34 65 05 40
Fax

Type	Head office	Status	Economically active
Formation Date	06/2010	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Other	Activity Location	Other
Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	PARIS 8	Size of urban area

DIRECTORS/MANAGEMENT

Directors

Name	M. NAM SOKWOO
Manager position	Président	Date of birth	15/11/1972
Place of birth	SÉOUL(COREE DU SUD (REPUBLIQUE DE COREE))
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Président	M SOKWOO NAM	15/11/1972 - SÉOUL(COREE DU SUD (REPUBLIQUE DE COREE))

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

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

SHARE & SHARE CAPITAL INFORMATION

Share capital

8,000,000 Euros

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data
	Total number of Invoices available	3
	Total number of Invoices paid within or up to 30 days after the due date	3
	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

Status of collection

This company is not under monitoring

Group data

Go directly to the current company

Display only where participation % > 33 %

Display all participations

This company is a part of several groups, choose the group you wish to see the structure

Display the group

LISE CHARMEL INDUSTRIE

Company Name	SIREN	Parts	Last account published
LISE CHARMEL INDUSTRIE	304538549	-	31/12/2011
LISE CHARMEL LINGERIE	428688634	100%	31/12/2011
PROMINTIME	440411478	100%	31/12/2011
PROMINTIME IBER	3673628	100%	31/12/2011
PROMINTIME GMBH	-	100%	-

FINANCIAL INFORMATION

Trading to Date	12/31/2011
Turnover	10,240,071 €
Gross Operating Surplus	-11,71 % Turnover
Shareholders’ equity	5,012,828 €
Net result	-1,987,172 €
Employees	Workforce unknown

Accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2011
Account period (month)	12
Account Type	Normal
Deposit date	04/10/2012
Activity Code	1414Z
Employees	0	-	-

Active account

Annual Accounts	31/12/2011	Sector Median 2011
Capital not called	0	0	0%
Total fixed assets	1 163 355	52 642	2109,9%
- Intangible assets	755 766	12 001	6197,5%
- Tangible assets	95 543	15 163	530,1%
- Financial assets	312 046	3 798	8116,1%
Net current assets	6 895 001	613 738	1023,4%
- Stocks	3 819 039	78 132	4787,9%
- Advanced payments	65 269	0	0%
- Receivables	2 583 384	212 228	1117,3%
- Securities and cash	427 309	77 390	452,2%
- Prepaid expenses	-	0	-
Accounts of regularization	0	0	0%
Total Assets	8 058 355	749 764	974,8%

Passive Account

Annual Accounts	31/12/2011	Sector Median 2011
Shareholders' equity	5 012 828	274 748	1724,5%
Share capital	7 000 000	71 160	9737,0%
Other capital resources	0	0	0%
Risk Provisions	90 000	0	0%
Liabilities	2 955 526	334 237	784,3%
- Financial liabilities	1 258 357	23 059	5357,1%
- Advanced payments received	71 348	0	0%
- Trade account payables	1 027 661	61 121	1581,4%
- Tax and social liabilities	485 745	117 755,50	312,5%
- Other debts and fixed assets liabilities	112 415	6 049	1758,4%
Account regularization	0	0	0%
Total liabilities	8 058 355	749 764	974,8%

Results

Annual Accounts	31/12/2011	Sector Median 2011
Sales of Goods	10 767 714	958 747	1023,1%
Net turnover	10 240 071	990 443	933,9%
- of which net export turnover	3 019 649	0	0%
Operating charges	12 333 552	1 104 457	1016,7%
Operating profit/loss	-1 565 838	4 863	-32299,0%
Financial income	205 194	1 820	11174,4%
Financial charges	596 587	2 116	28094,1%
Financial profit/loss	-391 393	-145	-269826,2%
Pretax net operating income	-1 957 231	4 174	-46991,0%
Extraordinary income	0	600	0%
Extraordinary charges	168 665	2 349	7080,3%
Extraordinary profit/loss	-168 665	0	0%
Net result	-1 987 172	4 173	-47719,7%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2011
Months	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2011
	Grand Total (I to VI)	Net	8 058 355
	Gross	CO	8 551 933
	Amortisation	1A	493 578

Non declared distributed capital (I)

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

Active fixed asset (II)

			31/12/2011
	Total Active fixed asset (II)	Net	1 163 355
	Gross	BJ	1 255 088
	Amortisation	BK	91 733

Intangilble fixed assets

			31/12/2011
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R & D expenses	Net	0
	Gross	CX	0
	Amortisation	AE	0
	Distributorships, patents	Net	262 141
	Gross	AF	282 362
	Amortisation	AG	20 221
	Goodwill	Net	480 000
	Gross	AH	480 000
	Amortisation	AI	0
	Other intangible fixed assets	Net	0
	Gross	AJ	0
	Amortisation	AK	0
	Pre-payments and downpayments	Net	13 625
	Gross	AL	13 625
	Amortisation	AM	0
Sub Total Intangible Assets		Net	755 766

Tangilble fixed assets

			31/12/2011
	Lands	Net	0
	Gross	AN	0
	Amortisation	AO	0
	Buildings	Net	0
	Gross	AP	0
	Amortisation	AQ	0
	Plant	Net	64 052
	Gross	AR	130 403
	Amortisation	AS	66 351
	Other tangible fixed assets	Net	31 491
	Gross	AT	36 652
	Amortisation	AU	5 161
	Fixed assets in construction	Net	0
	Gross	AV	0
	Amortisation	AW	0
	Advances and payments on account	Net	0
	Gross	AX	0
	Amortisation	AY	0
	Sub Total Tangible asset	Net	95 543

Financial assets

			31/12/2011
	Associates at equity	Net	0
	Gross	CS	0
	Amortisation	CT	0
	Other participations	Net	266 908
	Gross	CU	266 908
	Amortisation	CV	0
	Inter-company receivables	Net	0
	Gross	BB	0
	Amortisation	BC	0
	Other investment securities	Net	0
	Gross	BD	0
	Amortisation	BE	0
	Loans	Net	0
	Gross	BF	0
	Amortisation	BG	0
	Other financial assets	Net	45 138
	Gross	BH	45 138
	Amortisation	BI	0
	Sub Total Financial Assets		312 046

Current Assets (III)

			31/12/2011
	Total Assets	Net	6 895 001
	Gross	CJ	7 296 846
	Amortisation	CK	401 845

Stocks

			31/12/2011
	Raw materials	Net	939 895
	Gross	BL	939 895
	Amortisation	BM	0
	Work in progress (goods)	Net	236 011
	Gross	BN	236 011
	Amortisation	BO	0
	Work in progress (services)	Net	0
	Gross	BP	0
	Amortisation	BQ	0
	Semi-finished and finished products	Net	0
	Gross	BR	0
	Amortisation	BS	0
	Goods for resale	Net	2 643 133
	Gross	BT	2 959 209
	Amortisation	BU	316 076
	Sub Total Stocks	Net	3 819 039

Advance payments to suppliers

			31/12/2011
	Advance payments to suppliers	Net	65 269
	Gross	BV	65 269
	Amortisation	BW	0

Debtors

			31/12/2011
	Trade accounts receivable	Net	1 690 259
	Gross	BX	1 776 028
	Amortisation	BY	85 769
	Other debtors	Net	567 454
	Gross	BZ	567 454
	Amortisation	CA	0
	Capital subscribed and called up	Net	0
	Gross	CB	0
	Amortisation	CC	0
	Sub Total Debtors	Net	2 257 713

Divers

			31/12/2011
	Investment securities	Net	0
	Gross	CD	0
	Amortisation	CE	0
	Cash and cash equivalents	Net	427 309
	Gross	CF	427 309
	Amortisation	CG	0
	Sub Total Divers	Net	427 309

Prepaid expenses

			31/12/2011
	Prepaid expenses	Net	325 671
	Gross	CH	325 671
	Amortisation	CI	0

Equalization accounts (IV to VI)

		31/12/2011
Multi-period charges	CW3	0
Gross		0
Premiums on redemption of bonds	CM3	0
Gross		0
Currency differential gain	CN3	0
Gross		0

References

		31/12/2011
Due within one year	CP	0
Due after one year	CR	106 765

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
Grand Total (I to V)	EE	8 058 355

Shareholder Equity (I)

			31/12/2011
	Total shareholders' equity (Total I)	DL	5 012 828
	Equity and shareholders' equity	DA	7 000 000
	Issue and merger premiums	DB	0
	Revaluation differentials	DC	0
	Of which equity differential	EK	0
	Legal reserve	DD	0
	Statutory or contractual reserve	DE	0
	Special regulated reserves	DF	0
	Of which special reserve of provisions for current fluctuation	B1	0
	Other reserves	DG	0
	Of which reserve for buying originals works from alive artists	EJ	0
	Profits or losses brought forward	DH	0
	Profit or loss for the period	DI	-1 987 172
	Investment grants	DJ	0
	Special tax-allowable reserves	DK	0

Other capital resources (II)

			31/12/2011
	Total other capital resources (Total II)	DO	0
	Income from participating securities	DM	0
	Conditional loans	DN	0

Provisions for risks and charges (III)

			31/12/2011
	Total provisions for risks and charges (Total III)	DR	90 000
	Risk provisions	DP	90 000
	Reserves for charges	DQ	0

Liabilities (IV)

			31/12/2011
	Total Liabilities (Total IV)	EC	2 955 526
	Convertible debentures	DS	0
	Other debentures	DT	0
	Bank loans and liabilities	DU	1 258 357
	Sundry loans and financial liabilities	DV	0
	Of which participating loans	EI	0
	Advance payments received for current orders	DW	71 348
	Trade accounts payables	DX	1 027 661
	Tax and social security liabilities	DY	485 745
	Fixed asset liabilities	DZ	0
	Other debts	EA	112 415

Translation loss (V)

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

Equalization accounts

		31/12/2011
Deferred income	EB	0

References

		31/12/2011
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	0
Of which current bank facilities	EH	249 276

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
Operating result (Total I-II)	GG	-1 565 838

2 - Financial result (V - VI)

		31/12/2011
Financial result (Total V-VI)	GV	-391 393

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

		31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-1 957 231

4 - Extraordinary result (VII-VIII)

		31/12/2011
Extraordinary result (Total VII-VIII)	HI	-168 665

Profit or loss

		31/12/2011
Profit or loss	HN	-1 987 172

Total Income (I+III+V+VII)

		31/12/2011
Total Income (I+III+V+VII)	HL	10 972 908

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

		31/12/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	12 960 080

Operating income (I)

		31/12/2011
Total operating income (Total I)	FR	10 767 714

Operating income (details)

			31/12/2011
	Sale of goods for resale	FC	189 852
	France	FA	17
	Export	FB	189 835
	Sale of goods produced	FF	9 970 144
	France	FD	7 150 624
	Export	FE	2 819 520
	Sale of services	FI	80 075
	France	FG	69 781
	Export	FH	10 294
	Net turnover	FL	10 240 071
	France	FJ	7 220 422
	Export	FK	3 019 649
	Stocked production	FM	236 011
	Self-constructed assets	FN	0
	Operating grants	FO	75 082
	Release of reserves and provisions	FP	215 955
	Other income	FQ	595

Operating charges (II)

		31/12/2011
Total operating charges (Total II)	GF	12 333 552

Exploitation charges

		31/12/2011
Purchase of goods for resale	FS	1 754 951
Change in stocks of goods for resale	FT	-3 013 119
Purchase of raw materials	FU	3 541 221
Change in stocks of raw materials	FV	-939 895
Other external purchases and charges	FW	5 390 739
Tax, duty and similar payments	FX	260 951
Payroll	FY	3 329 079
Social security costs	FZ	1 426 118

Depreciation

		31/12/2011
Depreciation of fixed assets	GA	91 733
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	479 486
Provisions for risks and charges	GD	0

Other charges

		31/12/2011
Other charges	GE	12 288

Operating charges (III-IV)

		31/12/2011
Share of joint-venture transferred to other partner(s) (Total III)	GH	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0

Financial income (V)

			31/12/2011
	Total financial income (Total V)	GP	205 194
	Share financial income	GJ	0
	Other investment income & capitalised receivables	GK	0
	Other interest and similar income	GL	12 250
	Released provisions and transferred charges	GM	182 703
	Exchange gains	GN	10 241
	Net income from disposal of investment securities	GO	0

Financial Charge (VI)

			31/12/2011
	Total financial charge (Total VI)	GU	596 587
	Financial reserves and provisions	GQ	182 703
	Interest and similar charges	GR	411 907
	Exchange losses	GS	1 977
	Net loss from disposal of investment securities	GT	0

Extraordinary income (VII)

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

Extraordinary charges (VIII)

			31/12/2011
	Total extraordinary charges (Total VIII)	HH	168 665
	Extraordinary operating charges	HE	77 825
	Extraordinary charges from capital transactions	HF	840
	Extraordinary reserves and provisions	HG	90 000

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2011
Tax on profits (Total X)	HK	-138 724

References

		31/12/2011
Of which equipment leases	HP	0
Of which property leases	HQ	0
Of which transferred charges	A1	138 314
Of which trader's own contributions	A2	0
Of which royalties on licences and patents (income)	A3	0
Of which royalties on licences and patents (charges)	A4	12 220

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
	Gross value at begin of period	OG	0
	Increasess due to revaluation	OH	0
	Decreasess, acquisitions, creations, contributions	OJ	0
	Decreasess by budget item transfer	OK1	0
	Decreasess by transfers	OK2	0
	Gross value at the end of period	OL	1 255 088

Research and development Charge (Total I)

			31/12/2011
	Gross value at begin of period	CZ	0
	Increasess due to revaluation	KB	0
	Increasess, acquisitions, creations, contributions	KC	0
	Decreasess by budget item transfer	C01	0
	Decreasess by transfers	C02	0
	Gross value at the end of period	D0	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2011
	Gross value at begin of period	KD	0
	Increasess due to revaluation	KE	0
	Increasess, acquisitions, creations, contributions	KF	775 987
	Decreasess by budget item transfer	LV1	0
	Decreasess by transfers	LV2	0
	Gross value at the end of period	LW	775 987

Tangible fixed assets (Total III)

			31/12/2011
	Gross value at begin of period	LN	0
	Increasess due to revaluation	LO	0
	Increasess, acquisitions, creations, contributions	LP	167 055
	Decreasess by budget item transfer	NG1	0
	Decreasess by transfers	NG2	0
	Gross value at the end of period	NH	167 055

Fiancial assets (Total IV)

			31/12/2011
	Gross value at begin of period	LQ	0
	Increasess due to revaluation	LR	0
	Increasess, acquisitions, creations, contributions	LS	312 046
	Decreasess by budget item transfer	NJ1	0
	Decreasess by transfers	NJ2	0
	Gross value at the end of period	NK	312 046

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

			31/12/2011
	Reserve for depreciation value at begin of period	0N	0
Increases		0P	0
Decreasess		0Q	0
	Reserve for depreciation value at the end of period	0R	0

Research and development charge (Total I)

			31/12/2011
	Reserve for depreciation value at begin of period	CY	0
Increases		PB	0
Decreasess		PC	0
	Decreasess by budget item transfer	PD	0

Other intangible assets (Total II)

			31/12/2011
	Reserve for depreciation value at begin of period	PE	0
Increases		PF	20 221
Decreasess		PG	0
	Decreasess by budget item transfer	PH	20 221

Total fixed assets amortisation (Total III)

			31/12/2011
	Reserve for depreciation value at begin of period	QU	0
Increases		QV	71 512
Decreases		QW	0
	Decreasess by budget item transfer	QX	71 512

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

			31/12/2011
	Gross value at begin of period	Z91	0
Increases		Z92	0
Depreciation of fixed assets during period		Z9	0
	Decreasess by budget item transfer	B1	0

Premium refund of obligations

			31/12/2011
	Net value at begining of period	SP1	0
Increases		SP2	0
Depreciation of fixed assets during period		SP	0
	Net value at the end of period	SR	0

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

			31/12/2011
	Value at begining of period	7C	0
Increases		UB	752 189
Decreases		UC	260 344
	Value at the end of period	UD	491 845

Includes Total allocations

Operating	UE	0
Financial	UG	0
Exceptional	UJ	0

Includes Total Withdrawal

Operating	UF	0
Financial	UH	0
Exceptional	UK	0

Total regulated provisions (Total I)

			31/12/2011
	Value at begining of period	3Z	0
Increases		TS	0
Decreases		TT	0
	Value at the end of period	TU	0

Total risk and charge provisions (Total II)

			31/12/2011
	Value at begining of period	5Z	0
Increases		TV	90 000
Decreases		TW	0
	Value at the end of period	TX	90 000

Total Provision for depreciation (Total III)

			31/12/2011
	Value at begining of period	7B	0
Increases		TY	662 190
Decreases		TZ	260 345
	Value at the end of period	UA	401 845

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

		31/12/2011
Gross value	VT	2 714 291
1 year at most	VU	2 562 388
More than one year	VV	151 903

State of loans

		31/12/2011
Claims related to holdings (gross)	UL	0
Claims related to shareholdings (1 year at most)	UM	0
Loans (gross)	UP	0
Loans (1 year at most)	UR	0
Other financial assets (gross)	UT	45 138
Other financial assets (1 year at most)	UV	0

Receivables statement of assets

		31/12/2011
Customers doubtful or disputed	VA	106 765
Other claims customer	UX	1 669 264
Receivables represent Loaned Securities	UU	0
Provision for depreciation previously established	UQ	0
Personnel and associated accounts	UY	18 838
Social Security and other social organizations	UZ	1 400
Income taxes	VM	138 724
Value added tax	VB	340 873
Other taxes and payments assimilated	VN	0
State and other public - Miscellaneous	VP	67 402
Group and Associates	VC	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	216

Prepaid

		31/12/2011
Prepaid	VS	325 671

State Debt

			31/12/2011
	Total debt (gross)	VY	2 884 179
1 year at most		VZ2	2 884 179
More than 1 year and 5 years at most		VZ3	0
More than 5 years		VZ4	0

Details

			31/12/2011
	Convertible bonds (gross)	7Y1	0
1 year at most		7Y2	0
More than 1 year and 5 years at most		7Y3	0
	Other bonds (gross)	7Z1	0
1 year at most		7Z2	0
More than 1 year and 5 years at most		7Z3	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	249 276
1 year at most		VG2	249 276
More than 1 year and 5 years at most		VG3	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	1 009 082
1 year at most		VH2	1 009 082
More than 1 year and 5 years at most		VH3	0
	Loans and various financial liabilities (gross)	8A1	0
1 year at most		8A2	0
More than 1 year and 5 years at most		8A3	0
	Suppliers and associated accounts (gross)	8B1	1 027 661
1 year at most		8B2	1 027 661
More than 1 year and 5 years at most		8B3	1 027 661
	Personnel and associated accounts (gross)	8C1	144 977
1 year at most		8C2	144 977
More than 1 year and 5 years at most		8C3	0
	Social Security and other social organizations (gross)	8D1	278 540
1 year at most		8D2	278 540
More than 1 year and 5 years at most		8D3	0
	Taxes on profits (gross)	8E1	0
1 year at most		8E2	0
More than 1 year and 5 years at most		8E3	0
	VAT (gross)	VW1	6 192
1 year at most		VW2	6 192
More than 1 year and 5 years at most		VW3	0
	Backed Obligations (gross)	VX1	0
1 year at most		VX2	0
More than 1 year and 5 years at most		VX3	0
	Other taxes and assimilated (gross)	VQ1	56 036
1 year at most		VQ2	56 036
More than 1 year and 5 years at most		VQ3	0
	Assets and liabilities associated accounts (gross)	8J1	0
1 year at most		8J2	0
More than 1 year and 5 years at most		8J3	0
More than 5 years		8J4	0
	Groups and associates (gross)	VI1	0
1 year at most		VI2	0
More than 1 year and 5 years at most		VI3	0
More 5 years		VI4	0
	Other liabilities (gross)	8K1	112 415
1 year at most		8K2	112 415
More than 1 year and 5 years at most		8K3	0
	Debt representative of borrowed securities (gross)	SZ1	0
1 year at most		SZ2	0
More than 1 year and 5 years at most		SZ3	0
	Products in advance (gross)	8L1	0
1 year at most		8L2	0
More than 1 year and 5 years at most		8L3	0

References

		31/12/2011
Loans made during the period	VJ	1 000 000
Debt repaid during the period	VK	0

Table allocation results and other information
Dividends distributed

		31/12/2011
Dividends	ZE	0

Commitments

		31/12/2011
Commitments leasing furniture	YQ	0
Commitments Real Estate Leasing	YR	0
Effects brought to the discount and unmatured	YS	0

Other charges Externes

		31/12/2011
Subcontracting	YT	0
Rentals, rental charges and condominiums	XQ	0
Staff outside the company	YU	0
Remuneration intermediaries and fees (excluding fees)	SS	0
Fees, commissions and brokerage	YV	0
Other accounts	ST	0
Total Other purchases and external	ZJ	0

Taxes and Fees

		31/12/2011
Business tax	YW	0
Other taxes and payments assimilated	9Z	0
Total taxes and fees	YX	0

VAT

		31/12/2011
Amount VAT collected	YY	0
Total VAT on goods and services	YZ	0

Average number of employees

		31/12/2011
Average number of employees	YP	0

Groups and Shareholders

		31/12/2011
Groups and Shareholders	ZR	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	Sector Median 2011
Fixed Asset Financing		4,94	2,10	135,2%
Global Debt		104 days	113,50 days	-8,4%
Working Capital Fund overall net		174 days	106,50 days	63,4%
Financial independence		398,36%	750,81%	-46,9%
More ratios
Solvability		62,21%	47,95%	29,7%
Capacity debt futures		398,36%	1644,80%	-75,8%
Coverage of current assets by net working capital overall		70,99%	52,64%	34,9%
General Liquidity		0,89	0,76	17,1%
Restricted Liquidity		1,04	1,37	-24,1%

Management or rotation

		31/12/2011	Sector Median 2011
Need background in operating working capital		156 days	48 days	225,0%
Treasury		6 days	29 days	-79,3%
Inventory turnover of goods		-847 days	77 days	-1200%
Average length of credit granted to customers		62 days	47,50 days	30,5%
Average length of credit obtained suppliers		55 days	46 days	19,6%
More ratios
Inventory turnover of raw materials in industrial enterprises		91 days	121 days	-24,8%
Inventory turnover of intermediate and finished products in the industrial enterprise		6130 days	1277,50 days	379,8%
Rotation tangible assets		6129,76%	956,28%	541,0%

Profitability of the business

		31/12/2011	Sector Median 2011
Margin trading		14,14%	0%	0%
Profitability of the business		-11,71	2,21%	-629,9%
Net profit		-19,41%	1,10%	-1864,5%
More ratios
Growth rate of turnover (excluding VAT)		%	1,93%	-
Rates integration		36,54%	33,05%	10,6%
Rate leasing furniture		0%	0%	0%
Work Factor		127,07%	84,29%	50,8%
Weight interests		5,83	0,43%	1255,8%

Return on capital

		31/12/2011	Sector Median 2011
Cash flow from the overall profitability		-15,84%	1,98%	-900%
Rates of economic profitability		-19%	7%	-371,4%
Financial profitability		5012828%	274748%	1724,5%
Return on investment		-22,17%	6,19%	-458,2%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2011	Sector Median 2011
Turnover	10 240 071	990 443 €	933,9%

Sales of goods	189 852
- Purchase of goods	1 754 951
+/- Stock of goods variation	-3 013 119
Trading margin	1 448 020 €	0 €	0%
	14,14 % CA	0 % CA	0%

Sale of goods produced	10 050 219
+/- Stocked production	236 011
+ Self-constructed assets	0
Period production	10 286 230 €	590 298 €	1642,5%
	100,45 % CA	99,87 % CA	0,6%

Trading margin	1 448 020	0	0%
+ Period Production	10 286 230	590 298	1642,5%
- Purchase of raw materials	3 541 221
+/- Change in stocks of raw materiels	-939 895
- Other external purchases and charges	5 390 739
Added value	3 742 185 €	389 580 €	860,6%
	36,54 % CA	33,05 % CA	10,6%

Added value	3 742 185 €	389 580 €	860,6%
+ Operating grants	75 082
- Tax, duty and similar payments	260 951
- Personal charges	4 755 197
Gross operating surplus	-1 198 881 €	5 854 €	-20579,7%
	-11,71 % CA	2,21 % CA	-629,9%

Gross operating surplus	-1 198 881 €	5 854 €	-20579,7%
+ Release of reserves and provisions	215 955
+ Other operating income	595
- Depreciation/Amortisation	571 219
- Other charges	12 288
Operating result	-1 565 838 €	4 863 €	-32299,0%
	-15,29 % CA	1,27 % CA	-1303,9%

Operating result	-1 565 838 €	4 863 €	-32299,0%
+/- Result of joint-venture transferred from/to other partners	0
+ Financial income	205 194
- Financial charges	596 587
Pre-tax result	-1 957 231 €	4 174 €	-46991,0%
	-19,11 % CA	1,36 % CA	-1505,1%

Extraordinary income	0	600	0%
- Extraordinary charges	168 665
Extraordinary result	-168 665 €	0 €	0%
	-1,65 % CA	-00,02 % CA	-8150,0%

Pre-tax result	-1 957 231 €	4 174 €	-46991,0%
Extraordinary result	-168 665 €	0 €	0%
- Employee profit sharing	0
- Tax on profits	-138 724
Net result	-1 987 172 €	4 174 €	-47708,3%
	-19,41 % CA	1,10 % CA	-1864,5%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Other establishments

Branches	5 branch entities in this company
Head office	> GROUPE BARBARA <<<  - Fabrication de vêtements de dessous (1414Z)  in PARIS 8  (75008)
Secondary establishments	>  GROUPE BARBARA  - Fabrication de vêtements de dessous (1414Z)  in GONESSE  (95500) >  GROUPE BARBARA  - Fabrication de vêtements de dessous (1414Z)  in ARCUEIL  (94110) >  GROUPE BARBARA  - Fabrication de vêtements de dessous (1414Z)  in VELIZY VILLACOUBLAY  (78140) >  GROUPE BARBARA  - Fabrication de vêtements de dessous (1414Z)  in GONESSE  (95500)

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

Workforces

Workforce at address

Workforce unknown

Company workforce

Workforce unknown

Event history

Status history

Date	Description
17/06/2010	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
24/10/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1915 - 523 968 477 RCS Paris. GROUPE BARBARA. Forme : Société par actions simplifiée à associé unique. Capital : 8000000 EUR. Activité : . Adresse du siège social : 102 avenue des Champs-Élysées, 75008 Paris. Commentaires : modification survenue sur le capital (augmentation).
20/08/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 12462 - 523968477 RCS. GROUPE BARBARA. Forme : Société par actions simplifiée à associé unique. Adresse : 102 avenue des Champs-Élysées 75008 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
20/08/2012	Bodacc C	Comptes annuels, consolidés et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 12463 - 523968477 RCS. GROUPE BARBARA. Forme : Société par actions simplifiée à associé unique. Adresse : 102 avenue des Champs-Élysées 75008 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
05/07/2012	JAL	Modification of the share capital
CHR - L'Auvergnat de Paris Date de décision : 29/05/2012 La société : 523968477 - GROUPE BARBARA, 102 AV DES CHAMPS ELYSEES, 75008 PARIS 8 a subi une augmentation de son capital social désormais de 8 000 000 € Date d'effet : 29/05/2012
15/07/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1020 - 523 968 477 RCS Paris. GROUPE BARBARA. Forme : Société par actions simplifiée à associé unique. Capital : 7000000 EUR. Activité : . Adresse du siège social : 102 avenue des Champs-Élysées, 75008 Paris. Commentaires : modification survenue sur le capital (augmentation).
19/12/2010	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 2060 - 523 968 477 RCS Paris. GROUPE BARBARA. Forme : Société par actions simplifiée à associé unique. Capital : 6000000 EUR. Activité : Création, fabrication, importation et vente en gros, demi gros et détail de tous articles textiles, de vêtements et d'équipements de la personne en toute matière y compris fourrures, chaussures et maroquinerie et parfumerie. Adresse du siège social : 102 avenue des Champs-Élysées, 75008 Paris. Commentaires : modification survenue sur le capital (augmentation).
23/11/2010	JAL	Modification of the share capital
Gazette du palais (La) Date de décision : 22/10/2010 La société : 523968477 - GROUPE BARBARA, 102 AV DES CHAMPS ELYSEES, 75008 PARIS 8 a subi une augmentation de son capital social désormais de 6 000 000 € Date d'effet : 22/10/2010
11/10/2010	JAL	Activity or goodwill cession
Parisien (Le)/Edition des Yvelines Date de décision : 03/09/2010 Cédant : 510412851 - BARBARA LINGERIE, 39 RUE DU CHERCHE MIDI, 75006 PARIS 6 Cessionnaire : 523968477 - GROUPE BARBARA, 102 AV DES CHAMPS ELYSEES, 75008 PARIS 8 Prix de vente : 600000 €
11/10/2010	JAL	Activity or goodwill cession
Parisien (Le) /Edition du Val de Marne Date de décision : 03/09/2010 Cédant : 510412851 - BARBARA LINGERIE, 39 RUE DU CHERCHE MIDI, 75006 PARIS 6 Cessionnaire : 523968477 - GROUPE BARBARA, 102 AV DES CHAMPS ELYSEES, 75008 PARIS 8 Prix de vente : 600000 €
12/08/2010	Bodacc A	Création d'établissement
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 725 - 523 968 477 RCS Paris. GROUPE BARBARA. Forme : Société par actions simplifiée à associé unique. Administration : Président : Nam, Sokwoo, Commissaire aux comptes titulaire : SAÏMAN EXPERTISE COMPTABLE, Commissaire aux comptes suppléant : CABINET CAZELLES-KAHN. Capital : 4000000 EUR. Adresse : 102 avenue des Champs-Élysées, 75008 Paris. Origine du fonds : Création d'un fonds de commerce. Etablissement : Etablissement principal. Activité : Création, fabrication, importation et vente en gros, demi gros et détail de tous articles textiles, de vêtements et d'équipements de la personne en toute matière y compris fourrures, chaussures et maroquinerie et parfumerie. Adresse : 102 avenue des Champs-Élysées, 75008 Paris. A dater du : 27/07/2010. Date de commencement de l’activité : 17/06/2010. Descriptif : . Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

Company events history

Date	Description
24/10/2012	Bodacc B: Various editing or changing
06/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
20/08/2012	Bodacc C : Deposit accounts notice
10/07/2012	Capital increase
10/07/2012	Updated articles of association
10/07/2012	Amendment
10/07/2012	Minutes of general meeting of shareholders
19/06/2012	Other modification of Establishment
19/06/2012	Update of Company Workforce
29/05/2012	Legal Gazette: Modification of the share capital
31/12/2011	New accounts available
15/07/2011	Bodacc B: Various editing or changing
29/06/2011	Capital increase
29/06/2011	Updated articles of association
29/06/2011	Minutes of general meeting of shareholders
29/06/2011	Fund deposit certificate
15/06/2011	Other modification of Establishment
19/12/2010	Bodacc B: Various editing or changing
02/12/2010	Updated articles of association
02/12/2010	Capital increase
02/12/2010	Minutes of general meeting of shareholders
03/11/2010	Other modification of Establishment
22/10/2010	Legal Gazette: Modification of the share capital
14/10/2010	Amendment
14/10/2010	Updated articles of association
15/09/2010	Amendment
07/09/2010	Modification of Company Activity
07/09/2010	Update of Company Activity
03/09/2010	Legal Gazette: Activity or goodwill cession
12/08/2010	Bodacc A : Establishment creation
27/07/2010	Fund deposit certificate
27/07/2010	Articles of association
27/07/2010	Amendment
17/06/2010	Formation of Company
17/06/2010	Other modification of Establishment

Establishment events history

Date	Description
17/04/2013	Update Rating
13/01/2013	Update of phone numbers
07/01/2013	Update Rating
06/10/2012	Update Rating
04/07/2012	Update Limit
04/07/2012	Update Rating
19/06/2012	Update of Establishment Workforce
18/05/2012	Update of phone numbers
19/04/2012	Update Limit
19/04/2012	Update Rating
06/02/2012	Update Rating
22/10/2011	Update Rating
22/10/2011	Update Limit
07/07/2011	Update Rating
07/07/2011	Update Limit
01/07/2011	Update Limit
01/07/2011	Update Rating
07/09/2010	Modification of Head office Activity
07/09/2010	Update of Establishment Activity
17/06/2010	Formation of Head office
17/06/2010	Modification of Head office

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.03
UK Pound	1	Rs.82.43
Euro	1	Rs.70.49

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.