MIRA INFORM REPORT

Report Date :

22.04.2013

IDENTIFICATION DETAILS

Name :	DIWALI DIFFUSION

Registered Office :	12 Rue Saint Fiacre, 75002 Paris 2

Country :	France

Financials (as on) :	30.09.2011

Date of Incorporation :	December 2003

Com. Reg. No.:	RCS Paris 0 451 310 056

Legal Form :	Limited Liability Company

Line of Business :	Wholesaler of Clothing and shoes

No. of Employees :	3 to 5 employees

RATING & COMMENTS

MIRA’s Rating :

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

(31.03.2012)

Current Rating

(30.06.2012)

France

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

Company summary

Name

DIWALI DIFFUSION

SIRET

451 310 056 00028

		EUR VAT Number	FR09451310056
Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) (Wholesale (intercompany trade) Clothing and shoes (4642Z))	Legal form	Limited Liability Company
Phone	01 42 71 28 55	RCS Registration	RCS Paris 0 451 310 056
Fax		Share capital	10,000 Euros
Address	DIWALI DIFFUSION 12 RUE SAINT FIACRE 75002 PARIS 2	Incorporated Date	12/2003
Nationality	France	Status	Economically active

This company is not under monitoring

Current Directors

Trading to Date	09/30/2011	09/30/2010	09/30/2009
Turnover	1,188,481 €	942,581 €	791,345 €
Gross Operating Surplus	4 % Turnover	4,80 % Turnover	5,44 % Turnover
Shareholdersâ€™ equity	101,336 €	85,864 €	61,715 €
Net result	15,472 €	24,148 €	25,830 €
Employees	3 to 5 employees	-	-

Trends

Profitability
Liquidity
Net worth

company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)
RCS Registration	RCS Paris 0 451 310 056	Share capital	10,000 Euros
Registration Court	Paris (75)	Legal form	Limited Liability Company
Court Registry Number	20 0 3B208	EUR VAT Number	FR09451310056
Incorporation Date	12/2003	Formation Date	12/2003
Deregistration Date		Last account Date	30/09/2011
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)	Business Pages FT®
Postal Address	DIWALI DIFFUSION 12 RUE SAINT FIACRE 75002 PARIS 2	Trading Address	12 RUE SAINT FIACRE 75002 PARIS 2
Telephone	01 42 71 28 55

Type	Head office	Status	Economically active
Formation Date	02/2011	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	PARIS 2	Size of urban area

Other establishments

	Branches	1 branch entities in this company


	Head office	> DIWALI DIFFUSION <<< - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in PARIS 2 (75002)

	Secondary establishments	> DIWALI DIFFUSION - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in PARIS 4 (75004)

	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

3 to 5 employees

accounts

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/09/2011	30/09/2010	30/09/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	09/05/2012	04/04/2011	20/03/2010
Activity Code	4642Z	4642Z	4642Z
Employees	0	0	4

Active account

Annual Accounts	30/09/2011		30/09/2010		30/09/2009	Sector Median2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	120Â 986	94,0%	62Â 364	130,3%	27Â 074	41Â 648	190,5%
- Intangible assets	60	-96,5%	1Â 733	2788,3%	60	5Â 618	-98,9%
- Tangible assets	94Â 954	299,1%	23Â 790	49,1%	15Â 954	5Â 251	1708,3%
- Financial assets	25Â 972	-29,5%	36Â 841	233,1%	11Â 060	5Â 590,50	364,6%
Net current assets	939Â 702	7,3%	876Â 097	76,6%	496Â 200	211Â 132	345,1%
- Stocks	462Â 854	-5,5%	489Â 994	68,5%	290Â 727	52Â 386,50	783,5%
- Advanced payments	110Â 695	7,3%	83Â 434	-24,3%	110Â 273	0	0%
- Receivables	358Â 647	38,6%	258Â 721	179,5%	92Â 566	61Â 397	484,1%
- Securities and cash	7Â 506	-82,9%	43Â 948	1570,4%	2Â 631	31Â 885,50	-76,5%
- Prepaid expenses	-	-	-	-	-	65	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	1Â 060Â 688	13,0%	938Â 460	79,3%	523Â 276	293Â 170	261,8%

Passive Account

Annual Accounts	30/09/2011		30/09/2010		30/09/2009	Sector Median2011
Shareholders' equity	101Â 336	18,0%	85Â 864	39,1%	61Â 715	59Â 904	69,2%
Share capital	10Â 000	0%	10Â 000	0%	10Â 000	8Â 000	25,0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	959Â 352	12,5%	852Â 596	84,7%	461Â 557	199Â 054,50	382,0%
- Financial liabilities	523Â 736	41,5%	370Â 262	54,0%	240Â 426	16Â 615	3052,2%
- Advanced payments received	146Â 053	-45,1%	266Â 040	363,9%	57Â 349	0	0%
- Trade account payables	158Â 021	45,2%	108Â 833	10,0%	98Â 964	66Â 756,50	136,7%
- Tax and social liabilities	121Â 542	24,7%	97Â 461	77,8%	54Â 818	46Â 629	160,7%
- Other debts and fixed assets liabilities	10Â 000	0%	10Â 000	0%	10Â 000	8Â 259,50	21,1%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities

Results

Annual Accounts	30/09/2011		30/09/2010		30/09/2009	Sector Median2011
Sales of Goods	1Â 202Â 749	26,3%	952Â 097	18,9%	800Â 861	437Â 974,50	174,6%
Net turnover	1Â 188Â 481	26,1%	942Â 581	19,1%	791Â 345	430Â 902	175,8%
- of which net export turnover	0	0%	0	0%	0	2Â 536,50	0%
Operating charges	1Â 159Â 785	27,2%	911Â 882	19,4%	763Â 570	440Â 299	163,4%
Operating profit/loss	42Â 964	6,8%	40Â 215	7,8%	37Â 291	7Â 559,50	468,3%
Financial income	0	0%	508	0%	0	0	0%
Financial charges	14Â 637	48,6%	9Â 847	78,2%	5Â 527	721	1930,1%
Financial profit/loss	-14Â 637	-56,7%	-9Â 339	-69,0%	-5Â 527	-77,50	-18786,5%
Pretax net operating income	28Â 327	-8,3%	30Â 876	-2,8%	31Â 764	6Â 480	337,1%
Extraordinary income	0	0%	1Â 510	-27,9%	2Â 094	0	0%
Extraordinary charges	9Â 408	182,0%	3Â 336	20,8%	2Â 762	180,50	5112,2%
Extraordinary profit/loss	-9Â 408	-415,2%	-1Â 826	-173,4%	-668	0	0%
Net result	15Â 472	-35,9%	24Â 148	-6,5%	25Â 830	6Â 491	138,4%

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		30/09/2011		30/09/2010		30/09/2009
	Months		12		12		12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		30/09/2011		30/09/2010		30/09/2009
Grand Total (I to VI)	Net	1Â 060Â 688	13,0%	938Â 460	79,3%	523Â 276
Gross	CO	1Â 094Â 889	12,3%	975Â 375	86,4%	523Â 276
Amortisation	1A	34Â 201	-7,4%	36Â 915	0%	0

Non declared distributed capital (I)

		30/09/2011		30/09/2010		30/09/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		30/09/2011		30/09/2010		30/09/2009
Total Active fixed asset (II)	Net	120Â 986	94,0%	62Â 364	130,3%	27Â 074
Gross	BJ	147Â 297	64,1%	89Â 763	231,5%	27Â 074
Amortisation	BK	26Â 311	-4,0%	27Â 399	0%	0

Intangilble fixed assets

			30/09/2011		30/09/2010		30/09/2009
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	1Â 673	0%	0
	Gross	AF	8Â 979	0%	8Â 979	0%	0
	Amortisation	AG	8Â 979	22,9%	7Â 306	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	60	0%	60	0%	60
	Gross	AJ	60	0%	60	0%	60
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	60	-96,5%	1Â 733	2788,3%	60

Tangilble fixed assets

		30/09/2011		30/09/2010		30/09/2009
Lands	Net	0	0%	0	0%	0
Gross	AN	0	0%	0	0%	0
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	0	0%	0	0%	0
Gross	AP	0	0%	0	0%	0
Amortisation	AQ	0	0%	0	0%	0
Plant	Net	0	0%	0	0%	0
Gross	AR	0	0%	0	0%	0
Amortisation	AS	0	0%	0	0%	0
Other tangible fixed assets	Net	94Â 954	299,1%	23Â 790	49,1%	15Â 954
Gross	AT	112Â 286	155,9%	43Â 883	175,1%	15Â 954
Amortisation	AU	17Â 332	-13,7%	20Â 093	0%	0
Fixed assets in construction	Net	0	0%	0	0%	0
Gross	AV	0	0%	0	0%	0
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	0
Gross	AX	0	0%	0	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	94Â 954		23Â 790		15Â 954

Financial assets

		30/09/2011		30/09/2010		30/09/2009
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	0	0%	0	0%	0
Gross	CU	0	0%	0	0%	0
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	0	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	25Â 972	-29,5%	36Â 841	233,1%	11Â 060
Gross	BH	25Â 972	-29,5%	36Â 841	233,1%	11Â 060
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		25Â 972		36Â 841		11Â 060

Current Assets (III)

		30/09/2011		30/09/2010		30/09/2009
Total Assets	Net	939Â 702	7,3%	876Â 097	76,6%	496Â 200
Gross	CJ	947Â 592	7,0%	885Â 613	78,5%	496Â 200
Amortisation	CK	7Â 890	-17,1%	9Â 516	0%	0

Stocks

		30/09/2011		30/09/2010		30/09/2009
Raw materials	Net	0	0%	0	0%	0
Gross	BL	0	0%	0	0%	0
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	0	0%	0	0%	0
Gross	BR	0	0%	0	0%	0
Amortisation	BS	0	0%	0	0%	0
Goods for resale	Net	462Â 854	-5,5%	489Â 994	68,5%	290Â 727
Gross	BT	470Â 744	-5,8%	499Â 510	71,8%	290Â 727
Amortisation	BU	7Â 890	-17,1%	9Â 516	0%	0
Sub Total Stocks	Net	462Â 854	-5,5%	489Â 994	68,5%	290Â 727

Advance payments to suppliers

		30/09/2011		30/09/2010		30/09/2009
Advance payments to suppliers	Net	110Â 695	32,7%	83Â 434	-24,3%	110Â 273
Gross	BV	110Â 695	32,7%	83Â 434	-24,3%	110Â 273
Amortisation	BW	0	0%	0	0%	0

Debtors

		30/09/2011		30/09/2010		30/09/2009
Trade accounts receivable	Net	298Â 430	40,3%	212Â 783	154,3%	83Â 680
Gross	BX	298Â 430	40,3%	212Â 783	154,3%	83Â 680
Amortisation	BY	0	0%	0	0%	0
Other debtors	Net	54Â 184	35,2%	40Â 074	935,0%	3Â 872
Gross	BZ	54Â 184	35,2%	40Â 074	935,0%	3Â 872
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	352Â 614	39,5%	252Â 857	188,8%	87Â 552

Divers

		30/09/2011		30/09/2010		30/09/2009
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	7Â 506	-82,9%	43Â 948	1570,4%	2Â 631
Gross	CF	7Â 506	-82,9%	43Â 948	1570,4%	2Â 631
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	7Â 506	-82,9%	43Â 948	1570,4%	2Â 631

Prepaid expenses

		30/09/2011		30/09/2010		30/09/2009
Prepaid expenses	Net	6Â 033	2,9%	5Â 864	17,0%	5Â 014
Gross	CH	6Â 033	2,9%	5Â 864	17,0%	5Â 014
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/09/2011		30/09/2010		30/09/2009
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		30/09/2011		30/09/2010		30/09/2009
Due within one year	CP	25Â 972	-29,5%	36Â 841	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			30/09/2011		30/09/2010		30/09/2009
	Grand Total (I to V)	EE	1Â 060Â 688	13,0%	938Â 459	79,3%	523Â 276

Shareholder Equity (I)

	30/09/2011		30/09/2010		30/09/2009
Total shareholders' equity (Total I)	DL	101Â 336	18,0%	85Â 864	39,1%	61Â 715
Equity and shareholders' equity	DA	10Â 000	0%	10Â 000	0%	10Â 000
Issue and merger premiums	DB	0	0%	0	0%	0
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	1Â 000	0%	1Â 000	0%	1Â 000
Statutory or contractual reserve	DE	0	0%	0	0%	0
Special regulated reserves	DF	0	0%	0	0%	0
Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
Other reserves	DG	0	0%	0	0%	0
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	74Â 864	47,6%	50Â 716	103,8%	24Â 885
Profit or loss for the period	DI	15Â 472	-35,9%	24Â 148	-6,5%	25Â 830
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		30/09/2011		30/09/2010		30/09/2009
Total other capital resources (Total II)	DO	0	0%	0	0%	0
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

		30/09/2011		30/09/2010		30/09/2009
Total provisions for risks and charges (Total III)	DR	0	0%	0	0%	0
Risk provisions	DP	0	0%	0	0%	0
Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		30/09/2011		30/09/2010		30/09/2009
Total Liabilities (Total IV)	EC	959Â 352	12,5%	852Â 596	84,7%	461Â 557
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	250Â 561	20,7%	207Â 662	166,8%	77Â 826
Sundry loans and financial liabilities	DV	273Â 175	68,0%	162Â 600	0%	162Â 600
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	146Â 053	-45,1%	266Â 040	363,9%	57Â 349
Trade accounts payables	DX	158Â 021	45,2%	108Â 833	10,0%	98Â 964
Tax and social security liabilities	DY	121Â 542	24,7%	97Â 461	77,8%	54Â 818
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	10Â 000	0%	10Â 000	0%	10Â 000

Translation loss (V)

			30/09/2011		30/09/2010		30/09/2009
	Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

			30/09/2011		30/09/2010		30/09/2009
	Deferred income	EB	0	0%	0	0%	0

References

		30/09/2011		30/09/2010		30/09/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	959Â 352	22,8%	781Â 357	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			30/09/2011		30/09/2010		30/09/2009
	Operating result (Total I-II)	GG	42Â 964	6,8%	40Â 215	7,8%	37Â 291

2 - Financial result (V - VI)

			30/09/2011		30/09/2010		30/09/2009
	Financial result (Total V-VI)	GV	-14Â 637	-56,7%	-9Â 339	-69,0%	-5Â 527

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

			30/09/2011		30/09/2010		30/09/2009
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	28Â 327	-8,3%	30Â 876	-2,8%	31Â 764

4 - Extraordinary result (VII-VIII)

			30/09/2011		30/09/2010		30/09/2009
	Extraordinary result (Total VII-VIII)	HI	-9Â 408	-415,2%	-1Â 826	-173,4%	-668

Profit or loss

			30/09/2011		30/09/2010		30/09/2009
	Profit or loss	HN	15Â 472	-35,9%	24Â 148	-6,5%	25Â 830

Total Income (I+III+V+VII)

			30/09/2011		30/09/2010		30/09/2009
	Total Income (I+III+V+VII)	HL	1Â 202Â 750	26,1%	954Â 115	18,8%	802Â 955

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

			30/09/2011		30/09/2010		30/09/2009
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	1Â 187Â 278	27,7%	929Â 967	19,7%	777Â 122

Operating income (I)

			30/09/2011		30/09/2010		30/09/2009
	Total operating income (Total I)	FR	1Â 202Â 749	26,3%	952Â 097	18,9%	800Â 861

Operating income (details)

		30/09/2011		30/09/2010		30/09/2009
Sale of goods for resale	FC	889Â 524	17,2%	759Â 176	3,9%	730Â 335
France	FA	889Â 524	17,2%	759Â 176	3,9%	730Â 335
Export	FB	0	0%	0	0%	0
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	298Â 957	63,0%	183Â 405	200,6%	61Â 010
France	FG	298Â 957	63,0%	183Â 405	200,6%	61Â 010
Export	FH	0	0%	0	0%	0
Net turnover	FL	1Â 188Â 481	26,1%	942Â 581	19,1%	791Â 345
France	FJ	1Â 188Â 481	26,1%	942Â 581	19,1%	791Â 345
Export	FK	0	0%	0	0%	0
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	0	0%	0
Release of reserves and provisions	FP	14Â 260	49,9%	9Â 516	0%	9Â 516
Other income	FQ	08	0%	0	0%	0

Operating charges (II)

			30/09/2011		30/09/2010		30/09/2009
	Total operating charges (Total II)	GF	1Â 159Â 785	27,2%	911Â 882	19,4%	763Â 570

Exploitation charges

		30/09/2011		30/09/2010		30/09/2009
Purchase of goods for resale	FS	460Â 373	-24,6%	610Â 556	25,1%	487Â 861
Change in stocks of goods for resale	FT	28Â 765	114,4%	-199Â 266	-63,8%	-121Â 649
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	256Â 266	2,3%	250Â 615	9,2%	229Â 578
Tax, duty and similar payments	FX	23Â 478	-30,1%	33Â 603	25,9%	26Â 698
Payroll	FY	258Â 716	79,6%	144Â 051	56,0%	92Â 367
Social security costs	FZ	113Â 372	96,2%	57Â 798	72,9%	33Â 434

Depreciation

		30/09/2011		30/09/2010		30/09/2009
Depreciation of fixed assets	GA	10Â 925	118,2%	5Â 006	-13,2%	5Â 765
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	7Â 890	-17,1%	9Â 516	0%	9Â 516
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

			30/09/2011		30/09/2010		30/09/2009
	Other charges	GE	0	0%	03	0%	0

Operating charges (III-IV)

		30/09/2011		30/09/2010		30/09/2009
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

		30/09/2011		30/09/2010		30/09/2009
Total financial income (Total V)	GP	0	0%	508	0%	0
Share financial income	GJ	0	0%	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	0	0%	0	0%	0
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%	508	0%	0

Financial Charge (VI)

		30/09/2011		30/09/2010		30/09/2009
Total financial charge (Total VI)	GU	14Â 637	48,6%	9Â 847	78,2%	5Â 527
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	14Â 266	44,9%	9Â 847	78,2%	5Â 527
Exchange losses	GS	371	0%	0	0%	0
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		30/09/2011		30/09/2010		30/09/2009
Total extraordinary income (Total VII)	HD	0	0%	1Â 510	-27,9%	2Â 094
Extraordinary operating income	HA	0	0%	510	0%	0
Extraordinary income from capital transactions	HB	0	0%	1Â 000	-52,2%	2Â 094
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		30/09/2011		30/09/2010		30/09/2009
Total extraordinary charges (Total VIII)	HH	9Â 408	182,0%	3Â 336	20,8%	2Â 762
Extraordinary operating charges	HE	6Â 692	167,7%	2Â 500	-3,5%	2Â 590
Extraordinary charges from capital transactions	HF	2Â 715	224,8%	836	386,0%	172
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

			30/09/2011		30/09/2010		30/09/2009
	Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

			30/09/2011		30/09/2010		30/09/2009
	Tax on profits (Total X)	HK	3Â 447	-29,7%	4Â 902	-6,9%	5Â 263

References

		30/09/2011		30/09/2010		30/09/2009
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomer tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period
Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

		30/09/2011		30/09/2010		30/09/2009
Gross value at begin of period	OG	0	0%	0	0%	0
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreasess by budget item transfer	OK1	0	0%	0	0%	0
Decreasess by transfers	OK2	43Â 629	0%	0	0%	0
Gross value at the end of period	OL	147Â 298	0%	0	0%	63Â 710

Research and development Charge (Total I)

		30/09/2011		30/09/2010		30/09/2009
Gross value at begin of period	CZ	0	0%	0	0%	11Â 578
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%	11Â 578

Other budget item from Intangible fixed assets (Total II)

		30/09/2011		30/09/2010		30/09/2009
Gross value at begin of period	KD	9Â 039	0%	0	0%	6Â 861
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	0	0%	0	0%	0
Gross value at the end of period	LW	9Â 039	0%	0	0%	6Â 861

Tangible fixed assets (Total III)

		30/09/2011		30/09/2010		30/09/2009
Gross value at begin of period	LN	43Â 882	0%	0	0%	28Â 915
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	84Â 185	0%	0	0%	5Â 294
Decreasess by budget item transfer	NG1	0	0%	0	0%	0
Decreasess by transfers	NG2	15Â 781	0%	0	0%	0
Gross value at the end of period	NH	112Â 286	0%	0	0%	34Â 209

Financial assets (Total IV)

		30/09/2011		30/09/2010		30/09/2009
Gross value at begin of period	LQ	36Â 841	0%	0	0%	10Â 065
Increasess due to revaluation	LR	0	0%	0	0%	995
Increasess, acquisitions, creations, contributions	LS	16Â 979	0%	0	0%	0
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	27Â 848	0%	0	0%	0
Gross value at the end of period	NK	25Â 972	0%	0	0%	11Â 060

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

			30/09/2011		30/09/2010		30/09/2009
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			30/09/2011		30/09/2010		30/09/2009
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			30/09/2011		30/09/2010		30/09/2009
	Reserve for depreciation value at begin of period	PE	7Â 306	0%	0	0%	6Â 801
Increases		PF	1Â 673	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	8Â 979	0%	0	0%	6Â 801

Total fixed assets amotisation (Total III)

			30/09/2011		30/09/2010		30/09/2009
	Reserve for depreciation value at begin of period	QU	20Â 092	0%	0	0%	12Â 992
Increases		QV	9Â 252	0%	0	0%	5Â 259
Decreases		QW	12Â 013	0%	0	0%	0
	Decreasess by budget item transfer	QX	17Â 331	0%	0	0%	18Â 251

Movements during period affecting charge allocated over several period
Charges Ã rÃ©partir ou frais d'Ã©mission d'emprunt

			30/09/2011		30/09/2010		30/09/2009
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			30/09/2011		30/09/2010		30/09/2009
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	11Â 578
	Net value at the end of period	SR	0	0%	0	0%	0

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

			30/09/2011		30/09/2010		30/09/2009
	Value at begining of period	7C	9Â 516	0%	0	0%	9Â 516
Increases		UB	7Â 890	0%	0	0%	9Â 516
Decreases		UC	9Â 516	0%	0	0%	9Â 516
	Value at the end of period	UD	7Â 890	0%	0	0%	9Â 516

Includes Total allocations

Operating	UE	7Â 890	0%	0%	9Â 516
Financial	UG	0	0%	0%	0
Exceptional	UJ	0	0%	0%	0

Includes Total Withdrawal

Operating	UF	9Â 516	0%	0%	9Â 516
Financial	UH	0	0%	0%	0
Exceptional	UK	0	0%	0%	0

Total regulated provisions (Total I)

			30/09/2011		30/09/2010		30/09/2009
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			30/09/2011		30/09/2010		30/09/2009
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			30/09/2011		30/09/2010		30/09/2009
	Value at begining of period	7B	9Â 516	0%	0	0%	9Â 516
Increases		TY	7Â 890	0%	0	0%	9Â 516
Decreases		TZ	9Â 516	0%	0	0%	9Â 516
	Value at the end of period	UA	7Â 890	0%	0	0%	9Â 516

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

		30/09/2011		30/09/2010		30/09/2009
Gross value	VT	384Â 618	0%	0	0%	103Â 628
1 year at most	VU	384Â 618	0%	0	0%	92Â 568
More than one year	VV	0	0%	0	0%	11Â 060

State of loans

		30/09/2011		30/09/2010		30/09/2009
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	25Â 972	0%	0	0%	11Â 060
Other financial assets (1 year at most)	UV	25Â 972	0%	0	0%	0

Receivables statement of assets

		30/09/2011		30/09/2010		30/09/2009
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	298Â 430	0%	0	0%	83Â 680
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	1Â 456	0%	0	0%	0
Value added tax	VB	8Â 336	0%	0	0%	3Â 527
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	44Â 391	0%	0	0%	345

Prepaid

			30/09/2011		30/09/2010		30/09/2009
	Prepaid	VS	6Â 033	0%	0	0%	5Â 014

State Debt

			30/09/2011		30/09/2010		30/09/2009
	Total debt (gross)	VY	813Â 299	0%	0	0%	404Â 210
1 year at most		VZ2	813Â 299	0%	0	0%	404Â 210
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			30/09/2011		30/09/2010		30/09/2009
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	157Â 422	0%	0	0%	77Â 826
1 year at most		VG2	157Â 422	0%	0	0%	77Â 826
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	93Â 139	0%	0	0%	0
1 year at most		VH2	93Â 139	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	158Â 021	0%	0	0%	98Â 964
1 year at most		8B2	158Â 021	0%	0	0%	98Â 964
More than 1 year and 5 years at most		8B3	158Â 021	0%	0	0%	98Â 964
	Personnel and associated accounts (gross)	8C1	19Â 036	0%	0	0%	10Â 775
1 year at most		8C2	19Â 036	0%	0	0%	10Â 775
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	47Â 981	0%	0	0%	21Â 259
1 year at most		8D2	47Â 981	0%	0	0%	21Â 259
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	1Â 939
1 year at most		8E2	0	0%	0	0%	1Â 939
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	50Â 475	0%	0	0%	17Â 187
1 year at most		VW2	50Â 475	0%	0	0%	17Â 187
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	4Â 051	0%	0	0%	3Â 657
1 year at most		VQ2	4Â 051	0%	0	0%	3Â 657
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	273Â 175	0%	0	0%	162Â 600
1 year at most		VI2	273Â 175	0%	0	0%	162Â 600
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	10Â 000	0%	0	0%	10Â 000
1 year at most		8K2	10Â 000	0%	0	0%	10Â 000
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

		30/09/2011		30/09/2010		30/09/2009
Loans made during the period	VJ	74Â 685	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	15Â 618

Table allocation results and other information
Dividends distributed

			30/09/2011		30/09/2010		30/09/2009
	Dividends	ZE	0	0%	0	0%	0

Commitments

		30/09/2011		30/09/2010		30/09/2009
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		30/09/2011		30/09/2010		30/09/2009
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		30/09/2011		30/09/2010		30/09/2009
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		30/09/2011		30/09/2010		30/09/2009
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

			30/09/2011		30/09/2010		30/09/2009
	Average number of employees	YP	0	0%	0	0%	04

Groups and Shareholders

			30/09/2011		30/09/2010		30/09/2009
	Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	30/09/2011		30/09/2010		30/09/2009	Sector Median2011
Fixed Asset Financing	4,42	-18,0%	5,39	-51,7%	11,16	1,90	132,6%
Global Debt	291 days	-10,7%	326 days	55,2%	210 days	144 days	102,1%
Working Capital Fund overall net	153 days	2,0%	150 days	20,0%	125 days	46 days	232,6%
Financial independence	40,44%	-2,2%	41,35%	-47,9%	79,30%	355,75%	-88,6%

Solvability	9,55%	4,4%	9,15%	-22,4%	11,79%	26,53%	-64,0%
Capacity debt futures	40,44%	-	%	-	79,30%	805,30%	-95,0%
Coverage of current assets by net working capital overall	53,54%	19,6%	44,76%	-20,1%	56%	32,47%	64,9%
General Liquidity	0,47	-		-	0,23	0,39	20,5%
Restricted Liquidity	0,48	-		-	0,24	0,71	-32,4%

Management or rotation

	30/09/2011		30/09/2010		30/09/2009	Sector Median2011
Need background in operating working capital	149 days	13,7%	131 days	7,4%	122 days	9 days	1555,6%
Treasury	2 days	-88,2%	17 days	1600%	1 days	6 days	-66,7%
Inventory turnover of goods	346 days	-20,8%	437 days	52,8%	286 days	92 days	276,1%
Average length of credit granted to customers	90 days	11,1%	81 days	113,2%	38 days	29 days	210,3%
Average length of credit obtained suppliers	76 days	28,8%	59 days	-1,7%	60 days	61 days	24,6%

Inventory turnover of raw materials in industrial enterprises	days	-	days	-	days	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	1957 days	-
Rotation tangible assets	1058,44%	-	%	-	2313,27%	2078,33%	-49,1%

Profitability of the business

	30/09/2011		30/09/2010		30/09/2009	Sector Median2011
Margin trading	33,69%	-8,7%	36,91%	-19,8%	46,01	31,75%	6,1%
Profitability of the business	4	-16,7%	4,80	-11,8%	5,44	2,76%	44,9%
Net profit	1,30%	-49,2%	2,56%	-21,5%	3,26%	1,57%	-17,2%

Growth rate of turnover (excluding VAT)	26,09%	36,5%	19,11%	-69,7%	63,14%	0%	0%
Rates integration	37,28%	25,2%	29,78%	20,5%	24,71%	18,50%	101,5%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	83,98%	16,8%	71,92%	11,8%	64,33%	69,37%	21,1%
Weight interests	1,23	18,3%	1,04%	48,6%	0,70%	0,21%	485,7%

Return on capital

	30/09/2011		30/09/2010		30/09/2009	Sector Median2011
Cash flow from the overall profitability	1,65%	-46,4%	3,08%	20,8%	2,55%	2,03%	-18,7%
Rates of economic profitability	8%	-20,0%	10%	-28,6%	14%	13%	-38,5%
Financial profitability	101336%	18,0%	85864%	39,1%	61715%	30279%	234,7%
Return on investment	4,82%	-35,3%	7,45%	-28,2%	10,38%	10,29%	-53,2%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

	30/09/2011		30/09/2010		30/09/2009	Sector Median2011
Turnover	1Â 188Â 481	26,1%	942Â 581	19,1%	791Â 345	430Â 902 €	175,8%

Sales of goods	889Â 524	17,2%	759Â 176	3,9%	730Â 335
- Purchase of goods	460Â 373	-24,6%	610Â 556	25,1%	487Â 861
+/- Stock of goods variation	28Â 765	114,4%	-199Â 266	-63,8%	-121Â 649
Trading margin	400Â 386 €	15,1%	347Â 886 €	-4,5%	364Â 123 €	113Â 178 €	253,8%
	33,69 % CA	-8,7%	36,91 % CA	-19,8%	46,01 % CA	32,76 % CA	2,8%

Sale of goods produced	298Â 957	63,0%	183Â 405	200,6%	61Â 010
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	298Â 957 €	63,0%	183Â 405 €	200,6%	61Â 010 €	2Â 035,50 €	14587,2%
	25,15 % CA	29,2%	19,46 % CA	152,4%	7,71 % CA	1,05 % CA	2295,2%

Trading margin	400Â 386	15,1%	347Â 886	-4,5%	364Â 123	113Â 178	253,8%
+ Period Production	298Â 957	63,0%	183Â 405	200,6%	61Â 010	2Â 035,50	14587,2%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	256Â 266	2,3%	250Â 615	9,2%	229Â 578
Added value	443Â 077 €	57,9%	280Â 676 €	43,5%	195Â 555 €	87Â 517,50 €	406,3%
	37,28 % CA	25,2%	29,78 % CA	20,5%	24,71 % CA	18,50 % CA	101,5%

Added value	443Â 077 €	57,9%	280Â 676 €	43,5%	195Â 555 €	87Â 517,50 €	406,3%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	23Â 478	-30,1%	33Â 603	25,9%	26Â 698
- Personal charges	372Â 088	84,3%	201Â 849	60,5%	125Â 801
Gross operating surplus	47Â 511 €	5,1%	45Â 224 €	5,0%	43Â 056 €	10Â 005,50 €	374,8%
	4,00 % CA	-16,7%	4,80 % CA	-11,8%	5,44 % CA	2,76 % CA	44,9%

Gross operating surplus	47Â 511 €	5,1%	45Â 224 €	5,0%	43Â 056 €	10Â 005,50 €	374,8%
+ Release of reserves and provisions	14Â 260	49,9%	9Â 516	0%	9Â 516
+ Other operating income	08	0%	0	0%	0
- Depreciation/Amortisation	18Â 815	29,6%	14Â 522	-5,0%	15Â 281
- Other charges	0	0%	03	0%	0
Operating result	42Â 964 €	6,8%	40Â 215 €	7,8%	37Â 291 €	7Â 555 €	468,7%
	3,62 % CA	-15,2%	4,27 % CA	-9,3%	4,71 % CA	2,07 % CA	74,9%

Operating result	42Â 964 €	6,8%	40Â 215 €	7,8%	37Â 291 €	7Â 555 €	468,7%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	0	0%	508	0%	0
- Financial charges	14Â 637	48,6%	9Â 847	78,2%	5Â 527
Pre-tax result	28Â 327 €	-8,3%	30Â 876 €	-2,8%	31Â 764 €	6Â 480 €	337,1%
	2,38 % CA	-27,4%	3,28 % CA	-18,2%	4,01 % CA	1,70 % CA	40,0%

Extraordinary income	0	0%	1Â 510	-27,9%	2Â 094	0	0%
- Extraordinary charges	9Â 408	182,0%	3Â 336	20,8%	2Â 762
Extraordinary result	-9Â 408 €	-415,2%	-1Â 826 €	-173,4%	-668 €	0 €	0%
	-0,79 % CA	-315,8%	-0,19 % CA	-137,5%	0 % CA	0 % CA	0%

Pre-tax result	28Â 327 €	-8,3%	30Â 876 €	-2,8%	31Â 764 €	6Â 480 €	337,1%
Extraordinary result	-9Â 408 €	-415,2%	-1Â 826 €	-173,4%	-668 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	3Â 447	-29,7%	4Â 902	-6,9%	5Â 263
Net result	15Â 472 €	-35,9%	24Â 148 €	-6,5%	25Â 833 €	6Â 476 €	138,9%
	1,30 % CA	-49,2%	2,56 % CA	-21,5%	3,26 % CA	1,57 % CA	-17,2%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

Linkages

No linked companies

event history

Status history

Date	Description
28/02/2011	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
07/05/2012	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10355 - 451310056 RCS. DIWALI DIFFUSION. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse : 12 rue Saint-Fiacre 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2011.
04/07/2011	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7970 - 451310056 RCS. DIWALI DIFFUSION. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse : 12 rue Saint-Fiacre 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2010.
13/04/2011	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 3435 - 451 310 056 RCS Paris. DIWALI DIFFUSION. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Capital : 10000 EUR. ActivitÃ© : . Adresse de lâ€™Ã©tablissement principal : 12 rue Saint-Fiacre, 75002 Paris. Adresse du siÃ¨ge social : 12 rue Saint-Fiacre, 75002 Paris. Commentaires : modification survenue sur l'adresse du siÃ¨ge.
17/03/2011	JAL	Head Office Transfer

Affiches parisiennes (Les) Date de dÃ©cision : 28/02/2011 Transfert du siÃ¨ge social de la sociÃ©tÃ© 451310056 -Â DIWALI DIFFUSION Adresse du nouveau siÃ¨ge : 12 Rue Saint-Fiacre, 75002 PARIS 02 Ancienne localisation : 3 RUE JACQUES COEUR, 75004 PARIS 4 Date d'effet : 28/02/2011
10/05/2010	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8444 - 451310056 RCS. DIWALI DIFFUSION. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse : 3 R JACQUES COEUR 75004 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2009.
05/06/2009	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8947 - 451310056 RCS. DIWALI DIFFUSION. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse : 3 rue Jacques Coeur 75004 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2008.
09/10/2008	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7835 - 451310056 RCS. DIWALI DIFFUSION. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse : 3 rue Jacques Coeur 75004 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
15/08/2008	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1419 - 451 310 056 RCS Paris. DIWALI DIFFUSION. Forme : SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Administration : Gerant partant : De Gigord, Pierre, nomination du Gerant : De Gigord, Emeric. Capital : 10000 EUR. Adresse du siÃ¨ge social : 3 rue Jacques Coeur, 75004 Paris. Commentaires : modification survenue sur l'administration.
15/12/2007	Bodacc C	Avis de dÃ©pÃ´t des comptes

6769 - 451 310 056. RCS Paris DIWALI DIFFUSION. Forme: SociÃ©tÃ© Ã responsabilitÃ© limitÃ©e. Adresse du siÃ¨ge social: 3 rue Jacques Coeur 75004 Paris. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2006.
13/09/2006	Bodacc C	Avis de dÃ©pÃ´t des comptes

4615 - RCS Paris B 451 310 056. RC 03-B 20886. DIWALI DIFFUSION. Forme: S.A.R.L.. Adresse du siÃ¨ge social: 3, R Jacques Coeur,Paris, 75004 Paris. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2005.
27/08/2006	Bodacc B	Modifications et mutations diverses

1635 - RCS Paris B 451 310 056. RC 03-B 20886. DIWALI DIFFUSION. Forme : S.A.R.L. Capital : 10 000 euros. Adresse du siÃ¨ge social : 3 rue Jacques-C ur,, 75004 Commentaires : modification survenue sur la dÃ©nomination.
11/02/2006	Bodacc C	Avis de dÃ©pÃ´t des comptes

5481 - RCS Paris B 451 310 056. RC 03-B 20886. TERRA DEVA DIFFUSION. Forme: S.A.R.L.. Adresse du siÃ¨ge social: 3, R Jacques Coeur,Paris, 75004 Paris. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2004.
08/01/2004	Bodacc A	CrÃ©ation d'Ã©tablissement

RCS Paris B 451310056 RC 03-B 20886 TERRA DEVA DIFFUSION. Forme : S.A.R.L. Capital : 10 000 euros. ActivitÃ© : crÃ©ation, conception, importation, achat, vente en gros ou au dÃ©tail de tout ce qui touche Ã l'habillement vetements, accessoires, bijouterie fantaisie, articles de Paris, bonneterie, cuir, maroquinerie, chaussures. Adresse du siÃ¨ge social : 3 rue Jacques-Coeur, 75004 Paris. Administration : Gerant : DE GRIGORD ( Pierre) Cette sociÃ©tÃ© se constitue Date de dÃ©but d'activitÃ©: 15 dÃ©cembre 2003.

Company events history

Date	Description
10/05/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
07/05/2012	Bodacc C : Deposit accounts notice
30/09/2011	New accounts available
04/07/2011	Bodacc C : Deposit accounts notice
13/04/2011	Bodacc B: Various editing or changing
06/04/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
29/03/2011	Updated articles of association
29/03/2011	Amendment
29/03/2011	Registered office transferred inside jurisdiction of the Commercial Court
29/03/2011	Minutes of general meeting of shareholders
17/03/2011	Legal Gazette: Head Office Transfer
28/02/2011	Update of Company Head Office Identifier
28/02/2011	Transfer of Establishment
30/09/2010	New accounts available
10/05/2010	Bodacc C : Deposit accounts notice
30/09/2009	New accounts available
05/06/2009	Bodacc C : Deposit accounts notice
10/03/2009	Updated articles of association
10/03/2009	Private document
10/03/2009	Minutes of general meeting of shareholders
10/03/2009	Sale of shares
09/10/2008	Bodacc C : Deposit accounts notice
30/09/2008	New accounts available
15/08/2008	New Bodacc B ads detected
15/08/2008	Bodacc B: Various editing or changing
07/08/2008	Updated articles of association
07/08/2008	Private document
07/08/2008	Minutes of general meeting of shareholders
07/08/2008	New closing date
31/01/2008	Cession de parts
31/01/2008	Sale of shares
31/01/2008	Changement de Gerant
31/01/2008	New manager
31/01/2008	Acte sous seing privÃ©
31/01/2008	Private document
31/01/2008	Appointment/resignation of company officers
31/01/2008	PV d'AssemblÃ©e
31/01/2008	Minutes of general meeting of shareholders
31/01/2008	Statuts mis Ã jour
31/01/2008	Updated articles of association
31/12/2007	New accounts available
31/12/2006	New accounts available
07/07/2006	Sale of shares
07/07/2006	Cession de parts
07/07/2006	New company name
07/07/2006	Changement de dÃ©nomination sociale
07/07/2006	Updated articles of association
07/07/2006	Statuts mis Ã jour
07/07/2006	Minutes of general meeting of shareholders
07/07/2006	PV d'AssemblÃ©e
07/07/2006	Private document
07/07/2006	Acte sous seing privÃ©
31/12/2005	New accounts available
31/12/2004	New accounts available
24/12/2003	Statuts
24/12/2003	Acte modificatif
24/12/2003	Nomination/dÃ©mission des organes de gestion
24/12/2003	Certificat de dÃ©pÃ´t des fonds
24/12/2003	Formation de SociÃ©tÃ©
24/12/2003	Acte sous seing privÃ©

Establishment events history

Date	Description
28/02/2013	Update of phone numbers
10/10/2012	Update Rating
10/10/2012	Update Limit
10/05/2012	Update Limit
17/10/2011	Update Rating
28/06/2011	Update of phone numbers
28/02/2011	Formation of Head office (after transfer)

Directors

Name	M. DE GIGORD EMERIC
Manager position	Gerant	Date of birth	31/05/1972
Place of birth	AUXERRE (89000)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Gerant	M EMERIC DE GIGORD	31/05/1972 - AUXERRE
Gerant	M PIERRE DE GRIGORD	03/11/1941 - VICHY

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 :

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.

MIRA INFORM REPORT

Company summary

company details

accounts

judgements

Directors

Unit