MIRA INFORM REPORT

Report Date :

24.04.2013

IDENTIFICATION DETAILS

Name :	CHANTELLE
Registered Office :	8-10, 8 Rue De Provigny, Bp 137, 94234 Cachan Cedex
Country :	France
Financials (as on) :	31.12.2003
Date of Incorporation :	January 1963
Com. Reg. No.:	RCS Creteil 8 562 053 694
Legal Form :	Public limited company with board of directors
Line of Business :	Manufacturer of underwear
No. of Employees :	1190 (2003)

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	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

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

CHANTELLE

SIRET

562 053 694 00096

company summary

		EUR VAT Number	FR06562053694
Activity (APE)	Fabrication de vêtements de dessous (1414Z) (Manufacture of underwear (1414Z))	Legal form	Public limited company with board of directors
Phone	01 41 24 10 00	RCS Registration	RCS Creteil 8 562 053 694
Fax	01 45 46 44 81	Share capital	2,100,214 Euros
Address	CHANTELLE 8-10 8 RUE DE PROVIGNY BP 137 94234 CACHAN CEDEX	Incorporated Date	05/1963
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Current Directors

6

directors

Name	SOCIETE PARISIENNE DE CONSTRUCTION ET DE LOCATION - S.P.A.C.L.O.
Name of representative	M DAMBRINE BRUNO
Manager position	Administrateur	Date of birth	18/10/1953
Place of birth	BOULOGNE BILLANCOURT
Type	Moral person	Name at birth

Name	SOGEFEL SA
Name of representative	Mme PICCARDO PAOLA
Manager position	Administrateur	Date of birth	12/01/1961
Place of birth	LUGANO(SUISSE)
Type	Moral person	Name at birth

Name	ACK
Name of representative	M VIROS CHRISTIAN
Manager position	Administrateur	Date of birth	17/02/1948
Place of birth	LE MANS
Type	Moral person	Name at birth

Name	SOCIETE CIVILE KP
Name of representative	M DE LASSUS SAINT GENIES STÉPHANE
Manager position	Administrateur	Date of birth	14/01/1970
Place of birth	NEUILLY SUR SEINE
Type	Moral person	Name at birth

Name	M. MEMBRE : KRETZ PATRICE
Manager position	Président du conseil d'administration	Date of birth	29/07/1956
Place of birth	NEUILLY SUR SEINE 92
Type	Individual	Name at birth

Name	M. KRETZ THIERRY
Manager position	Administrateur	Date of birth	13/08/1957
Place of birth	NEUILLY SUR SEINE
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Président du conseil d'administration	M PATRICE KRETZ	29/07/1956 - NEUILLY SUR SEINE
Président du conseil d'administration	M MEMBRE : KRETZ PATRICE	29/07/1956 - NEUILLY SUR SEINE 92
Président du conseil d'administration	MEMBRE : KRETZ PATRICE	- - NEUILLY SUR SEINE 92
Administrateur	ACK	17/02/1948 - LE MANS
Administrateur	ACK	- - LE MANS
Administrateur	M THIERRY KRETZ	- - -
Administrateur	M THIERRY KRETZ	13/08/1957 - NEUILLY SUR SEINE
Administrateur	M THIERRY KRETZ	- - NEUILLY SUR SEINE
Administrateur	SOCIETE CIVILE KP	14/01/1970 - NEUILLY SUR SEINE
Administrateur	SOCIETE CIVILE KP	14/01/1970 - NEUILLY SUR SEINE
Administrateur	SOCIETE CIVILE KP	- - NEUILLY SUR SEINE
Administrateur	SOCIETE PARISIENNE DE CONSTRUCTION ET DE LOCATION - S.P.A.C.L.O.	18/10/1953 - BOULOGNE BILLANCOURT
Administrateur	SOCIETE PARISIENNE DE CONSTRUCTION ET DE LOCATION - S.P.A.C.L.O.	- - BOULOGNE BILLANCOURT
Administrateur	SOCIETE PARISIENNE DE CONSTRUCTION ET DE LOCATION SPACLO	26/04/1923 - BOURBOURG
Administrateur	SOGEFEL SA	18/10/1953 - LUGANO SUISSE
Administrateur	SOGEFEL SA	12/01/1961 - LUGANO(SUISSE)
Président du directoire	M PATRICE KRETZ	29/07/1956 - NEUILLY SUR SEINE

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data
	Total number of Invoices available	17
	Total number of Invoices paid within or up to 30 days after the due date	15
	Total number of Invoices paid more than 30 days after the due date	2
	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

Ultimate Holding Company
	Company Name	Company number
	CHANTELLE	562053694

Ultimate Parent	1 ultimate parent company for this company >  CHANTELLE  - Fabrication de vêtements de dessous (1414Z)  in CACHAN  (94230)
Direct parent		-
Group – Number of companies		18
Linkages – Number of companies		3
Number of countries		4

Company Name	SIREN	Parts	Last account published
CHANTELLE	562053694	-	31/12/2003
ROUAFI	409613031	99%	31/12/2006
CT PARTICIPATIONS	451344881	100%	30/06/2010
C.T.COMPAGNIE	419272570	66%	30/06/2010
REVAM AG	249572	Majority	-
CHANTELLE SRL	-	99%	-
IBERICA SODAM SA	-	100%	-
CHANTELLE LINGERIE LTD	-	99%	-
CHANTELLE TAIWAN LTD	-	99%	-
CHANTELLE LINGERIE GMBH	-	100%	-
CHANTELLE LINGERIE INC	US44890637	100%	-
CHANTELLE BENELUX	-	100%	-
BELGIUM GRAYLING	-	Majority	-
BELGIUMTOSCA PR	-	Majority	-
CHANTELLE RUSSIE	-	99%	-
GAMMA LINGERIE	414865170	100%	-
DELTA LINGERIE	399258516	99.90%	31/12/2003
FEMILET	-	Majority	-

Company Name	SIREN	Last account	Turnover
CHANTELLE LINGERIE LIMITED	01995662	31/12/2011	-
CHANTELLE AB	5566063250	31/12/2011	10 003 KSEK
SOCIÉTÉ DE VENTE ET DE DISTRIBUTION D AR...	405940545	31/12/2011	26 263 104 €

FINANCIAL INFORMATION

Trading to Date	12/31/2003
Turnover	237,499,226 €
Gross Operating Surplus	4,79 % Turnover
Shareholders’ equity	117,067,865 €
Net result	18,069,304 €

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2003
Account period (month)	12
Account Type	Normal
Deposit date	-
Activity Code	1414Z
Employees	1190	-	-

Active account

Annual Accounts	31/12/2003	Sector Median 2003
Capital not called	0	0	0%
Total fixed assets	42 317 152	89 415,50	47226,4%
- Intangible assets	245 999	7 622	3127,5%
- Tangible assets	10 257 943	30 381,50	33663,8%
- Financial assets	31 813 210	5 189	612989,4%
Net current assets	110 854 071	651 880	16905,3%
- Stocks	38 344 880	110 076	34734,9%
- Advanced payments	394 500	0	0%
- Receivables	58 171 177	262 866,50	22029,6%
- Securities and cash	13 943 514	67 690	20499,1%
- Prepaid expenses	-	03	-
Accounts of regularization	374 328	0	0%
Total Assets	153 545 551	736 804,50	20739,4%

Passive Account

Annual Accounts	31/12/2003	Sector Median 2003
Shareholders' equity	117 067 865	292 988	39856,5%
Share capital	2 288 946	67 500	3291,0%
Other capital resources	0	0	0%
Risk Provisions	7 265 796	0	0%
Liabilities	29 133 238	428 752	6694,9%
- Financial liabilities	3 171 263	47 328,50	6600,5%
- Advanced payments received	0	0	0%
- Trade account payables	16 755 109	79 648	20936,4%
- Tax and social liabilities	8 366 448	163 197	5026,6%
- Other debts and fixed assets liabilities	880 105	6 620,50	13193,6%
Account regularization	38 965	0	0%
Total liabilities	153 545 551	736 804,50	20739,4%

Results

Annual Accounts	31/12/2003	Sector Median 2003
Sales of Goods	243 151 594	1 266 230	19102,8%
Net turnover	237 499 226	1 228 323,50	19235,2%
- of which net export turnover	174 561 587	21 604	807905,9%
Operating charges	235 632 071	1 279 344	18318,2%
Operating profit/loss	7 519 523	33 094,50	22621,4%
Financial income	20 791 290	2 398,50	866745,5%
Financial charges	7 247 386	7 193	100656,1%
Financial profit/loss	13 543 904	-824	1643777,7%
Pretax net operating income	21 063 427	28 323,50	74267,3%
Extraordinary income	1 232 803	2 282	53922,9%
Extraordinary charges	1 519 546	2 030,50	74736,1%
Extraordinary profit/loss	-286 743	0	0%
Net result	18 069 304	16 867	107028,1%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2003
Months	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2003
Grand Total (I to VI)	Net	153 545 551
Gross	CO	202 151 567
Amortisation	1A	48 606 016

Non declared distributed capital (I)

		31/12/2003
Non declared distributed capital (I)	AA3	0
Gross	AA	-

Active fixed asset (II)

		31/12/2003
Total Active fixed asset (II)	Net	42 317 152
Gross	BJ	78 002 736
Amortisation	BK	35 685 584

Intangible fixed assets

			31/12/2003
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R & D expenses	Net	19 056
	Gross	CX	19 056
	Amortisation	AE	0
	Distributorships, patents	Net	226 943
	Gross	AF	3 517 293
	Amortisation	AG	3 290 350
	Goodwill	Net	0
	Gross	AH	0
	Amortisation	AI	0
	Other intangible fixed assets	Net	0
	Gross	AJ	0
	Amortisation	AK	0
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0
Sub Total Intangible Assets		Net	245 999

Tangible fixed assets

		31/12/2003
Lands	Net	100 659
Gross	AN	100 659
Amortisation	AO	0
Buildings	Net	5 348 441
Gross	AP	12 495 954
Amortisation	AQ	7 147 513
Plant	Net	2 115 022
Gross	AR	11 807 730
Amortisation	AS	9 692 708
Other tangible fixed assets	Net	915 154
Gross	AT	3 757 649
Amortisation	AU	2 842 495
Fixed assets in construction	Net	1 778 667
Gross	AV	1 778 667
Amortisation	AW	0
Advances and payments on account	Net	0
Gross	AX	0
Amortisation	AY	0
Sub Total Tangible asset	Net	10 257 943

Financial assets

		31/12/2003
Associates at equity	Net	0
Gross	CS	0
Amortisation	CT	0
Other participations	Net	29 128 096
Gross	CU	41 840 614
Amortisation	CV	12 712 518
Inter-company receivables	Net	2 606 878
Gross	BB	2 606 878
Amortisation	BC	0
Other investment securities	Net	0
Gross	BD	0
Amortisation	BE	0
Loans	Net	7 140
Gross	BF	7 140
Amortisation	BG	0
Other financial assets	Net	71 096
Gross	BH	71 096
Amortisation	BI	0
Sub Total Financial Assets		31 813 210

Current Assets (III)

		31/12/2003
Total Assets	Net	110 854 071
Gross	CJ	123 774 503
Amortisation	CK	12 920 432

Stocks

31/12/2003

Raw materials

Net

8 526 367

Gross

BL

12 062 979

Amortisation

BM

3 536 612

Work in progress (goods)

Net

4 171 513

Gross

BN

4 171 513

Amortisation

BO

0

Work in progress (services)

Net

0

Gross

BP

0

Amortisation

BQ

0

Semi-finished and finished products

Net

25 647 000

Gross

BR

33 664 000

Amortisation

BS

8 017 000

Goods for resale

Net

0

Gross

BT

0

Amortisation

BU

0

Sub Total Stocks

Net

38 344 880

Advance payments to suppliers

		31/12/2003
Advance payments to suppliers	Net	394 500
Gross	BV	394 500
Amortisation	BW	0

Debtors

		31/12/2003
Trade accounts receivable	Net	33 470 769
Gross	BX	33 858 589
Amortisation	BY	387 820
Other debtors	Net	23 626 270
Gross	BZ	24 605 270
Amortisation	CA	979 000
Capital subscribed and called up	Net	0
Gross	CB	0
Amortisation	CC	0
Sub Total Debtors	Net	57 097 039

Divers

		31/12/2003
Investment securities	Net	8 746 482
Gross	CD	8 746 482
Amortisation	CE	0
Cash and cash equivalents	Net	5 197 032
Gross	CF	5 197 032
Amortisation	CG	0
Sub Total Divers	Net	13 943 514

Prepaid expenses

		31/12/2003
Prepaid expenses	Net	1 074 138
Gross	CH	1 074 138
Amortisation	CI	0

Equalization accounts (IV to VI)

		31/12/2003
Multi-period charges	CW3	11 490
Gross		-
Premiums on redemption of bonds	CM3	0
Gross		-
Currency differential gain	CN3	362 838
Gross		-

References

		31/12/2003
Due within one year	CP	0
Due after one year	CR	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)

		31/12/2003
Grand Total (I to V)	EE	153 545 551

Shareholder Equity (I)

		31/12/2003
Total shareholders' equity (Total I)	DL	117 067 865
Equity and shareholders' equity	DA	2 288 946
Issue and merger premiums	DB	26 376
Revaluation differentials	DC	0
Of which equity differential	EK	0
Legal reserve	DD	228 902
Statutory or contractual reserve	DE	319 719
Special regulated reserves	DF	44 952 491
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	50 110 807
Profit or loss for the period	DI	18 069 304
Investment grants	DJ	0
Special tax-allowable reserves	DK	1 071 320

Other capital resources (II)

		31/12/2003
Total other capital resources (Total II)	DO	0
Income from participating securities	DM	0
Conditional loans	DN	0

Provisions for risks and charges (III)

		31/12/2003
Total provisions for risks and charges (Total III)	DR	7 265 796
Risk provisions	DP	5 975 448
Reserves for charges	DQ	1 290 348

Liabilities (IV)

		31/12/2003
Total Liabilities (Total IV)	EC	29 133 238
Convertible debentures	DS	0
Other debentures	DT	0
Bank loans and liabilities	DU	1 784 101
Sundry loans and financial liabilities	DV	1 387 162
Of which participating loans	EI	0
Advance payments received for current orders	DW	0
Trade accounts payables	DX	16 755 109
Tax and social security liabilities	DY	8 366 448
Fixed asset liabilities	DZ	18 751
Other debts	EA	782 702

Translation loss (V)

		31/12/2003
Translation loss (Total V)	ED	78 652

Equalization accounts

		31/12/2003
Deferred income	EB	38 965

References

		31/12/2003
Of which tax-allowable reserve	EF	319 719
Deferred income and liabilities	EG	38 965
Of which current bank facilities	EH	1 778 408

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)

		31/12/2003
Operating result (Total I-II)	GG	7 519 523

2 - Financial result (V - VI)

		31/12/2003
Financial result (Total V-VI)	GV	13 543 904

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

		31/12/2003
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	21 063 427

4 - Extraordinary result (VII-VIII)

		31/12/2003
Extraordinary result (Total VII-VIII)	HI	-286 743

Profit or loss

		31/12/2003
Profit or loss	HN	18 069 304

Total Income (I+III+V+VII)

		31/12/2003
Total Income (I+III+V+VII)	HL	265 175 687

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

		31/12/2003
Total charges (Total II+IV+VI+VIII+IX+X)	HM	247 106 383

Operating income (I)

		31/12/2003
Total operating income (Total I)	FR	243 151 594

Operating income (details)

		31/12/2003
Sale of goods for resale	FC	0
France	FA	0
Export	FB	0
Sale of goods produced	FF	219 868 490
France	FD	56 831 430
Export	FE	163 037 060
Sale of services	FI	17 630 736
France	FG	6 106 209
Export	FH	11 524 527
Net turnover	FL	237 499 226
France	FJ	62 937 639
Export	FK	174 561 587
Stocked production	FM	4 431 272
Self-constructed assets	FN	0
Operating grants	FO	406 534
Release of reserves and provisions	FP	812 647
Other income	FQ	1 915

Operating charges (II)

		31/12/2003
Total operating charges (Total II)	GF	235 632 071

Exploitation charges

		31/12/2003
Purchase of goods for resale	FS	226 010
Change in stocks of goods for resale	FT	0
Purchase of raw materials	FU	149 359 361
Change in stocks of raw materials	FV	1 438 475
Other external purchases and charges	FW	40 873 327
Tax, duty and similar payments	FX	2 774 492
Payroll	FY	26 763 133
Social security costs	FZ	9 522 283

Depreciation

		31/12/2003
Depreciation of fixed assets	GA	2 391 521
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	1 914 551
Provisions for risks and charges	GD	106 363

Other charges

		31/12/2003
Other charges	GE	262 555

Operating charges (III-IV)

		31/12/2003
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)

		31/12/2003
Total financial income (Total V)	GP	20 791 290
Share financial income	GJ	15 248 403
Other investment income & capitalised receivables	GK	117 756
Other interest and similar income	GL	2 475 895
Released provisions and transferred charges	GM	972 645
Exchange gains	GN	1 878 146
Net income from disposal of investment securities	GO	98 445

Financial Charge (VI)

		31/12/2003
Total financial charge (Total VI)	GU	7 247 386
Financial reserves and provisions	GQ	3 573 478
Interest and similar charges	GR	1 316 881
Exchange losses	GS	2 357 027
Net loss from disposal of investment securities	GT	0

Extraordinary income (VII)

		31/12/2003
Total extraordinary income (Total VII)	HD	1 232 803
Extraordinary operating income	HA	43 666
Extraordinary income from capital transactions	HB	64 799
Released provisions and transferred charges	HC	1 124 338

Extraordinary charges (VIII)

		31/12/2003
Total extraordinary charges (Total VIII)	HH	1 519 546
Extraordinary operating charges	HE	606 644
Extraordinary charges from capital transactions	HF	425 526
Extraordinary reserves and provisions	HG	487 376

Employee profit sharing (IX)

		31/12/2003
Employee profit sharing (Total IX)	HJ	127 387

Tax on profits (X)

		31/12/2003
Tax on profits (Total X)	HK	2 579 993

References

		31/12/2003
Of which equipment leases	HP	0
Of which property leases	HQ	652 049
Of which transferred charges	A1	27 836
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	2 570

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)

		31/12/2003
Gross value at begin of period	OG	0
Increases due to revaluation	OH	0
Decreases, acquisitions, creations, contributions	OJ	0
Decreases by budget item transfer	OK1	0
Decreases by transfers	OK2	0
Gross value at the end of period	OL	0

Research and development Charge (Total I)

		31/12/2003
Gross value at begin of period	CZ	0
Increases due to revaluation	KB	0
Increases, acquisitions, creations, contributions	KC	0
Decreases by budget item transfer	C01	0
Decreases by transfers	C02	0
Gross value at the end of period	D0	0

Other budget item from Intangible fixed assets (Total II)

		31/12/2003
Gross value at begin of period	KD	0
Increases due to revaluation	KE	0
Increases, acquisitions, creations, contributions	KF	0
Decreases by budget item transfer	LV1	0
Decreases by transfers	LV2	0
Gross value at the end of period	LW	0

Tangible fixed assets (Total III)

		31/12/2003
Gross value at begin of period	LN	0
Increases due to revaluation	LO	0
Increases, acquisitions, creations, contributions	LP	0
Decreases by budget item transfer	NG1	0
Decreases by transfers	NG2	0
Gross value at the end of period	NH	0

Financial assets (Total IV)

		31/12/2003
Gross value at begin of period	LQ	0
Increases due to revaluation	LR	0
Increases, acquisitions, creations, contributions	LS	0
Decreases by budget item transfer	NJ1	0
Decreases by transfers	NJ2	0
Gross value at the end of period	NK	0

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

			31/12/2003
	Reserve for depreciation value at begin of period	0N	23 150 547
Increases		0P	2 388 641
Decreases		0Q	2 579 843
	Reserve for depreciation value at the end of period	0R	22 959 345

Research and development charge (Total I)

			31/12/2003
	Reserve for depreciation value at begin of period	CY	0
Increases		PB	0
Decreases		PC	0
	Decreases by budget item transfer	PD	0

Other intangible assets (Total II)

			31/12/2003
	Reserve for depreciation value at begin of period	PE	0
Increases		PF	0
Decreases		PG	0
	Decreases by budget item transfer	PH	3 276 630

Total fixed assets amortisation (Total III)

			31/12/2003
	Reserve for depreciation value at begin of period	QU	0
Increases		QV	0
Decreases		QW	0
	Decreases by budget item transfer	QX	19 682 715

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

			31/12/2003
	Gross value at begin of period	Z91	0
Increases		Z92	0
Depreciation of fixed assets during period		Z9	0
	Decreases by budget item transfer	B1	0

Premium refund of obligations

			31/12/2003
	Net value at beginning 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)

			31/12/2003
	Value at beginning of period	7C	0
Increases		UB	0
Decreases		UC	0
	Value at the end of period	UD	0

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)

			31/12/2003
	Value at beginning 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)

			31/12/2003
	Value at beginning of period	5Z	0
Increases		TV	0
Decreases		TW	0
	Value at the end of period	TX	0

Total Provision for depreciation (Total III)

			31/12/2003
	Value at beginning of period	7B	22 061 290
Increases		TY	5 125 191
Decreases		TZ	1 539 811
	Value at the end of period	UA	25 646 670

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

		31/12/2003
Gross value	VT	62 223 112
1 year at most	VU	62 223 112
More than one year	VV	0

State of loans

		31/12/2003
Claims related to holdings (gross)	UL	0
Claims related to shareholdings (1 year at most)	UM	2 606 878
Loans (gross)	UP	0
Loans (1 year at most)	UR	7 140
Other financial assets (gross)	UT	0
Other financial assets (1 year at most)	UV	71 096

Receivables statement of assets

		31/12/2003
Customers doubtful or disputed	VA	239 638
Other claims customer	UX	0
Receivables represent Loaned Securities	UU	0
Provision for depreciation previously established	UQ	0
Personnel and associated accounts	UY	85 503
Social Security and other social organizations	UZ	45 189
Income taxes	VM	0
Value added tax	VB	615 288
Other taxes and payments assimilated	VN	134 386
State and other public - Miscellaneous	VP	0
Group and Associates	VC	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0

Prepaid

		31/12/2003
Prepaid	VS	0

State Debt

			31/12/2003
	Total debt (gross)	VY	29 133 238
1 year at most		VZ2	29 133 238
More than 1 year and 5 years at most		VZ3	0
More than 5 years		VZ4	0

Details

			31/12/2003
	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	1 784 101
1 year at most		VG2	1 784 101
More than 1 year and 5 years at most		VG3	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0
1 year at most		VH2	0
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	0
1 year at most		8B2	16 755 109
More than 1 year and 5 years at most		8B3	0
	Personnel and associated accounts (gross)	8C1	3 401 780
1 year at most		8C2	3 401 780
More than 1 year and 5 years at most		8C3	0
	Social Security and other social organizations (gross)	8D1	2 009 039
1 year at most		8D2	2 009 039
More than 1 year and 5 years at most		8D3	0
	Taxes on profits (gross)	8E1	0
1 year at most		8E2	1 559 937
More than 1 year and 5 years at most		8E3	0
	VAT (gross)	VW1	618 467
1 year at most		VW2	618 467
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	742 225
1 year at most		VQ2	742 225
More than 1 year and 5 years at most		VQ3	0
	Assets and liabilities associated accounts (gross)	8J1	0
1 year at most		8J2	18 751
More than 1 year and 5 years at most		8J3	0
More than 5 years		8J4	0
	Groups and associates (gross)	VI1	1 387 162
1 year at most		VI2	1 387 162
More than 1 year and 5 years at most		VI3	0
More 5 years		VI4	0
	Other liabilities (gross)	8K1	0
1 year at most		8K2	817 702
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	38 965
More than 1 year and 5 years at most		8L3	0

References

		31/12/2003
Loans made during the period	VJ	0
Debt repaid during the period	VK	0

Table allocation results and other information
Dividends distributed

		31/12/2003
Dividends	ZE	0

Commitments

		31/12/2003
Commitments leasing furniture	YQ	0
Commitments Real Estate Leasing	YR	2 085 643
Effects brought to the discount and unmatured	YS	0

Other charges Externes

		31/12/2003
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

		31/12/2003
Business tax	YW	0
Other taxes and payments assimilated	9Z	0
Total taxes and fees	YX	0

VAT

		31/12/2003
Amount VAT collected	YY	0
Total VAT on goods and services	YZ	0

Average number of employees

		31/12/2003
Average number of employees	YP	1 190

Groups and Shareholders

		31/12/2003
Groups and Shareholders	ZR	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	31/12/2003	Sector Median 2003
Fixed Asset Financing	2,07	2,22	-6,8%
Global Debt	44 days	109 days	-59,6%
Working Capital Fund overall net	126 days	76 days	65,8%
Financial independence	6561,73%	518,21%	1166,2%
More ratios
Solvability	76,24%	40,33%	89,0%
Capacity debt futures	6561,73%	490,62%	1237,4%
Coverage of current assets by net working capital overall	63,45%	47%	35,0%
General Liquidity	2,14	0,73	193,2%
Restricted Liquidity	2,61	1,04	151,0%

Management or rotation

	31/12/2003	Sector Median 2003
Need background in operating working capital	106 days	40 days	165,0%
Treasury	18 days	16 days	12,5%
Inventory turnover of goods	0 days	0 days	0%
Average length of credit granted to customers	51 days	60 days	-15,0%
Average length of credit obtained suppliers	31 days	62 days	-50,0%
More ratios
Inventory turnover of raw materials in industrial enterprises	29 days	80 days	-63,8%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	days	-
Rotation tangible assets	%	977,09%	-

Profitability of the business

	31/12/2003	Sector Median 2003
Margin trading	-0,10%	0%	0%
Profitability of the business	4,79	4,08%	17,4%
Net profit	7,61%	1,74%	337,4%
More ratios
Growth rate of turnover (excluding VAT)	%	-41,05%	-
Rates integration	21,07%	38,23%	-44,9%
Rate leasing furniture	0%	0%	0%
Work Factor	72,52%	79,80%	-9,1%
Weight interests	3,05	0,59%	416,9%

Return on capital

	31/12/2003	Sector Median 2003
Cash flow from the overall profitability	10,48%	2,11%	396,7%
Rates of economic profitability	9%	13,50%	-33,3%
Financial profitability	117067865%	292988%	39856,5%
Return on investment	21,06%	9,61%	119,1%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2003	Sector Median 2003
Turnover	237 499 226	1 228 324 €	19235,2%

Sales of goods	0
- Purchase of goods	226 010
+/- Stock of goods variation	0
Trading margin	-226 010 €	0 €	0%
	-0,10 % CA	0 % CA	0%

Sale of goods produced	237 499 226
+/- Stocked production	4 431 272
+ Self-constructed assets	0
Period production	241 930 498 €	1 004 920,50 €	23974,6%
	101,87 % CA	99,66 % CA	2,2%

Trading margin	-226 010	0	0%
+ Period Production	241 930 498	1 004 920,50	23974,6%
- Purchase of raw materials	149 359 361
+/- Change in stocks of raw materiels	1 438 475
- Other external purchases and charges	40 873 327
Added value	50 033 325 €	579 494 €	8534,0%
	21,07 % CA	38,23 % CA	-44,9%

Added value	50 033 325 €	579 494 €	8534,0%
+ Operating grants	406 534
- Tax, duty and similar payments	2 774 492
- Personal charges	36 285 416
Gross operating surplus	11 379 951 €	46 642 €	24298,5%
	4,79 % CA	3,91 % CA	22,5%

Gross operating surplus	11 379 951 €	46 642 €	24298,5%
+ Release of reserves and provisions	812 647
+ Other operating income	1 915
- Depreciation/Amortisation	4 412 435
- Other charges	262 555
Operating result	7 519 523 €	32 421,50 €	23093,0%
	3,17 % CA	3,05 % CA	3,9%

Operating result	7 519 523 €	32 421,50 €	23093,0%
+/- Result of joint-venture transferred from/to other partners	0
+ Financial income	20 791 290
- Financial charges	7 247 386
Pre-tax result	21 063 427 €	27 044 €	77785,8%
	8,87 % CA	2,55 % CA	247,8%

Extraordinary income	1 232 803	2 282	53922,9%
- Extraordinary charges	1 519 546
Extraordinary result	-286 743 €	0 €	0%
	-0,12 % CA	0 % CA	0%

Pre-tax result	21 063 427 €	27 044 €	77785,8%
Extraordinary result	-286 743 €	0 €	0%
- Employee profit sharing	127 387
- Tax on profits	2 579 993
Net result	18 069 304 €	15 709,50 €	114921,5%
	7,61 % CA	1,72 % CA	342,4%

ADDITIONAL INFORMATION

company details

Company details

Activity (APE)	Fabrication de vêtements de dessous (1414Z)
RCS Registration	RCS Creteil 8 562 053 694	Share capital	2,100,214 Euros
Registration Court	Creteil (94)	Legal form	Public limited company with board of directors
Court Registry Number	19 8 7B006	EUR VAT Number	FR06562053694
Incorporation Date	05/1963	Formation Date	01/1956
Deregistration Date		Last account Date	31/12/2003
Nationality	France

Establishment details

Activity (APE)	Activités des sièges sociaux (7010Z)	Business Pages FT®
Postal Address	CHANTELLE 8-10 8 RUE DE PROVIGNY BP 137 94234 CACHAN CEDEX	Trading Address	8 RUE DE PROVIGNY 94230 CACHAN
Telephone	01 41 24 10 00
Fax	01 45 46 44 81

Type	Head office	Status	Economically active
Formation Date	02/1987	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

	Department	Val-de-Marne (94)	Region	Ile-de-France
	District	3	Area	05
	City	CACHAN	Size of urban area	Paris conglomeration
Other establishments

Branches	9 branch entities in this company
Head office	> CHANTELLE <<<  - Fabrication de vêtements de dessous (1414Z)  in CACHAN  (94230)
Secondary establishments	>  CHANTELLE  - Fabrication de vêtements de dessous (1414Z)  in CACHAN  (94230) >  CHANTELLE  - Fabrication de vêtements de dessous (1414Z)  in CORBIE  (80800) >  CHANTELLE  - Fabrication de vêtements de dessous (1414Z)  in ISSY LES MOULINEAUX  (92130) >  CHANTELLE  - Fabrication de vêtements de dessous (1414Z)  in PERONNE  (80200) > ...

	Regionality	Legal unit with multiple establishments in many areas but no one grouping more than 50% of workforce
	Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 50 to 80% of workforce
Workforces

Workforce at address

250 to 499 employees

Company workforce

1 000 to 1 999 employees

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
28/03/2012	Bodacc B	Modification et mutation diverse
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRÉTEIL 4020 - 562 053 694 RCS Créteil. CHANTELLE. Forme : Société anonyme. Administration : Administrateur : SOCIETE PARISIENNE DE CONSTRUCTION ET DE LOCATION - S. P. A. C. L. O. représenté par DAMBRINE Bruno modification le 08 Octobre 2009 Président du conseil d'administration : MEMBRE : KRETZ PATRICE modification le 08 Avril 2008 Administrateur : KRETZ Thierry modification le 08 Avril 2008 Administrateur : SOGEFEL SA représenté par PICCARDO Paola modification le 08 Octobre 2009 Administrateur : ACK représenté par VIROS Christian modification le 17 Avril 2008 Administrateur : SOCIETE CIVILE KP représenté par DE LASSUS SAINT GENIES Stéphane modification le 17 Avril 2008 Commissaire aux comptes suppléant : KPMG AUDIT NORD en fonction le 20 Mars 2012 Commissaire aux comptes titulaire : KPMG SA en fonction le 20 Mars 2012. Activité : . Commentaires : Modification de représentant.
24/06/2011	JAL	Activity or goodwill cession
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 31/05/2011 Cédant : 488727298 - DIM, 2 RUE DES MARTINETS, 92500 RUEIL MALMAISON Cessionnaire : 562053694 - CHANTELLE, 8 RUE DE PROVIGNY, 8-10, BP 137, 94230 CACHAN Prix de vente : 1365000 € Date d’effet : 31/05/2011
02/04/2008	Bodacc B	Modification et mutation diverse
94 - VAL-DE-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE CRETEIL 3583 - 562 053 694 RCS Créteil. CHANTELLE. Forme : Société anonyme. Administration : Administrateur : SOCIETE PARISIENNE DE CONSTRUCTION ET DE LOCATION - S. P. A. C. L. O. représenté par DAMBRINE Jacques modification le 08 Avril 2008. Président du conseil d'administration : MEMBRE : KRETZ PATRICE modification le 08 Avril 2008. Commissaire aux comptes titulaire : CABINET SALUSTRO REYDEL en fonction le 17 Août 2005. Commissaire aux comptes suppléant : ARNAUD Philippe en fonction le 17 Août 2005. Administrateur : KRETZ Thierry modification le 08 Avril 2008. Administrateur : SOGEFEL SA représenté par DAMBRINE Bruno modification le 08 Avril 2008. Administrateur : ACK représenté par DE LASSUS SAINT GENIES Stéphane Marie Xavier modification le 08 Avril 2008. Administrateur : SOCIETE CIVILE KP représenté par DE LASSUS SAINT GENIES Stéphane en fonction le 08 Avril 2008. Commentaires : Modification de la forme juridique. Modification de représentant.
13/11/2007	Bodacc B	Modifications et mutations diverses
2482 - RCS Créteil B 562 053 694. RC 87-B 640. CHANTELLE. Forme : S.A. à directoire. Commentaires : modification survenue sur l'administration. Administration : membre du conseil de surveillance partant : BLANCHE (Jacques, André, Pierre). Nomination d'un membre du conseil de surveillance : ACK, représentée par DE LASSUS SAINT-GENIES (Stéphane, Marie, Xavier).
29/11/2006	Bodacc B	Modifications et mutations diverses
1916 - RCS Créteil B 562 053 694. RC 87-B 640. CHANTELLE. Forme : S.A. à directoire. Commentaires : modification survenue sur l'administration. Administration : nomination d'un membre du conseil de surveillance : SOGEFEL S.A., représentée par DAMBRINE (Bruno).
21/09/2006	Bodacc B	Modifications et mutations diverses
1832 - RCS Créteil B 562 053 694. RC 87-B 640. CHANTELLE. Forme : S.A. à directoire. Commentaires : modification survenue sur l'administration. Administration : membre du directoire partant : BRISSON (Jean-Paul).
24/03/2006	Bodacc B	Modifications et mutations diverses
2963 - RCS Créteil B 562 053 694. RC 87-B 640. CHANTELLE. Forme : S.A. à directoire. Capital : 2 100 214,10 euros. Commentaires : modification survenue sur le capital (augmentation).
30/08/2005	Bodacc B	Modifications et mutations diverses
1229 - RCS Créteil B 562 053 694. RC 87-B 640. CHANTELLE. Forme : S.A. à directoire. Commentaires : modification survenue sur l'administration. Administration : président du conseil de surveillance partant : KRETZ (Claude, Julien, Maurice). Commissaires aux comptes suppléants partants : AUTISSIER (Jean) CHARRON (Claude). Nomination d'un commissaire aux comptes titulaire : CABINET SALUSTRO REYDEL. Nomination d'un commissaire aux comptes suppléant : ARNAUD (Philippe). Nomination d'un membre du conseil de surveillance : KRETZ (Thierry).
29/07/2005	Bodacc B	Modifications et mutations diverses
1782 - RCS Créteil B 562 053 694. RC 87-B 640. CHANTELLE. Forme : S.A. à directoire. Capital : 2 288 946 euros. Activité : conception, fabrication, achat, commercialisation, distribution, représentation et import-export de tous articles de lingerie féminine de jour notamment de soutien-gorge, de culottes, de caracos, de bodies, de porte jarretelles, de tous articles de lingerie de nuit, de tous articles gainants, de bas, de collants, de maillots de bain, plus généralement, de tous articles textiles et d'habillement. Création, acquisition, prise en location-gérance de tous fonds de commerce et prise à bail. Installation d'équipement et exploitation de tous établissements, de fonds de commerce, d'usines, d'ateliers, de magasins et de bureaux se rapportant à l'objetci dessus . Adresse du siège social : 8-10 rue de Provigny,, 94230 Commentaires : modification survenue sur le capital. Date d'effet : 9 juin 2005.
21/07/2005	Bodacc C	Avis de dépôt des comptes
4665 - RCS Créteil B 562 053 694. RC 87-B 640. CHANTELLE. Forme: S.A. à directoire. Adresse du siège social: 8-10, rue de Provigny,94230 Cachan. Comptes consolidés et rapport de l'exercice clos le: 31 décembre 2002.
21/07/2005	Bodacc C	Avis de dépôt des comptes
4668 - RCS Créteil B 562 053 694. RC 87-B 640. CHANTELLE. Forme: S.A. à directoire. Adresse du siège social: 8-10, rue de Provigny,94230 Cachan. Comptes consolidés et rapport de l'exercice clos le: 31 décembre 2003.
21/07/2005	Bodacc C	Avis de dépôt des comptes
4667 - RCS Créteil B 562 053 694. RC 87-B 640. CHANTELLE. Forme: S.A. à directoire. Adresse du siège social: 8-10, rue de Provigny,94230 Cachan. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
21/07/2005	Bodacc C	Avis de dépôt des comptes
4666 - RCS Créteil B 562 053 694. RC 87-B 640. CHANTELLE. Forme: S.A. à directoire. Adresse du siège social: 8-10, rue de Provigny,94230 Cachan. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2002.
22/10/2004	Bodacc B	Modifications et mutations diverses
RCS Créteil B 562053694 RC 87-B 640 CHANTELLE. Forme : S.A. à directoire. Commentaires : modification survenue sur l'administration. Administration : nomination d'un membre du directoire : PROST (Alain).
30/05/2002	Bodacc B	Modifications et mutations diverses
RCS Créteil B 562053694 RC 87-B 640 CHANTELLE. Forme : S.A. à directoire. Commentaires : modification survenue sur l'administration. Administration : membre du directoire partant : ROBERTY (Bruno).
28/11/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Créteil B 562 053 694 RC RC 87-B 640 CHANTELLE. Forme : S.A. à directoire. Capital : 15 014 500 F. Commentaires : modification survenue sur le capital (diminution).

Company events history

Date	Description
03/08/2012	Update of participations in other companies
28/03/2012	Bodacc B: Various editing or changing
20/03/2012	Amendment
20/03/2012	New auditor
02/09/2011	Update of participations in other companies
02/09/2011	New subsidiarie(s) detected
02/09/2011	New parent detected
01/07/2011	New subsidiarie(s) detected
01/07/2011	New parent detected
31/05/2011	Legal Gazette: Activity or goodwill cession
02/03/2010	Collection of preferential rights activated for this company
19/02/2010	Payment incident closed
27/11/2009	Updated articles of association
27/11/2009	Amendment
13/11/2009	Payment incident detected
08/10/2009	Amendment
08/10/2009	Minutes of Board meeting
08/10/2009	Appointment/resignation of company officers
08/04/2008	Amendment
08/04/2008	Acte modificatif
08/04/2008	Updated articles of association
08/04/2008	Statuts mis à jour
08/04/2008	Minutes of Board meeting
08/04/2008	Minutes of general meeting of shareholders
08/04/2008	PV d'Assemblée
08/04/2008	Appointment/resignation of company officers
08/04/2008	Nomination/démission des organes de gestion
08/04/2008	Modification du système d'administration des S.A.
08/04/2008	Private document
08/04/2008	Changement de Président (PDG, PCA)
08/04/2008	Modification du Conseil d'Administration
02/04/2008	Bodacc B: Various editing or changing
12/12/2007	Update of Company Legal Form
12/12/2007	Other modification of Establishment (error correction)
30/10/2007	Private document
30/10/2007	Nomination/démission des organes de gestion
30/10/2007	Minutes of general meeting of shareholders
30/10/2007	Acte modificatif
30/10/2007	Amendment
30/10/2007	Appointment/resignation of company officers
05/07/2007	Private document
05/07/2007	Minutes of general meeting of shareholders
05/07/2007	Acte modificatif
05/07/2007	Amendment
16/11/2006	Nomination/démission des organes de gestion
16/11/2006	Private document
16/11/2006	Minutes of general meeting of shareholders
16/11/2006	Amendment
16/11/2006	Acte modificatif
16/11/2006	PV du Conseil d'Administration
16/11/2006	Appointment/resignation of company officers
16/11/2006	PV d'Assemblée
16/11/2006	Minutes of Board meeting
11/09/2006	Private document
11/09/2006	Amendment
11/09/2006	Minutes of general meeting of shareholders
11/09/2006	PV d'Assemblée
11/09/2006	Acte modificatif
07/09/2006	Statuts mis à jour
07/09/2006	Updated articles of association
07/09/2006	Acte modificatif
07/09/2006	Private document
07/09/2006	Appointment/resignation of company officers
07/09/2006	Minutes of general meeting of shareholders
16/02/2006	Statuts mis à jour
16/02/2006	Updated articles of association
16/02/2006	Audit or Management Report
16/02/2006	Rapport des Commissaires ou du Gérant
16/02/2006	Acte modificatif
16/02/2006	PV d'Assemblée
16/02/2006	Réduction de Capital
16/02/2006	Acte sous seing privé
16/02/2006	Private document
16/02/2006	Minutes of general meeting of shareholders
16/02/2006	Capital reduction
09/11/2005	Private document
09/11/2005	Minutes of general meeting of shareholders
09/11/2005	Acte sous seing privé
09/11/2005	Capital reduction
09/11/2005	Réduction de Capital
09/11/2005	PV d'Assemblée
17/08/2005	Changement de Commissaire aux Comptes
17/08/2005	PV d'Assemblée
17/08/2005	Acte sous seing privé
17/08/2005	Appointment/resignation of company officers
17/08/2005	Acte modificatif
17/08/2005	Minutes of general meeting of shareholders
17/08/2005	Private document
17/08/2005	Nomination/démission des organes de gestion
13/07/2005	Private document
13/07/2005	Acte sous seing privé
13/07/2005	Updated articles of association
13/07/2005	Statuts mis à jour
13/07/2005	Déclaration de conformité
13/07/2005	Minutes of general meeting of shareholders
13/07/2005	Réduction de Capital
13/07/2005	Capital reduction
13/07/2005	Capital increase
13/07/2005	Fusion
13/07/2005	PV d'Assemblée
13/07/2005	Acte modificatif
13/07/2005	Declaration of conformity
13/07/2005	Augmentation de Capital
01/07/2005	Private document
01/07/2005	Acte sous seing privé
01/07/2005	Acte modificatif
01/07/2005	Statuts mis à jour
01/07/2005	Updated articles of association
01/07/2005	PV d'Assemblée
01/07/2005	Minutes of general meeting of shareholders
20/05/2005	Rapport des Commissaires ou du Gérant
20/05/2005	Audit or Management Report
20/05/2005	Acte sous seing privé
20/05/2005	Private document
12/04/2005	Acte sous seing privé
12/04/2005	Projet de Fusion
12/04/2005	Planned merger
12/04/2005	Private document
08/10/2004	Acte modificatif
08/10/2004	Acte sous seing privé
08/10/2004	Private document
08/10/2004	PV d'Assemblée
08/10/2004	Nomination/démission des organes de gestion
08/10/2004	Minutes of general meeting of shareholders
08/10/2004	Appointment/resignation of company officers
31/12/2003	New accounts available
10/11/2003	Acte modificatif
10/11/2003	PV d'Assemblée
10/11/2003	Acte sous seing privé
10/11/2003	Statuts mis à jour
06/08/2002	Statuts mis à jour
06/08/2002	Acte sous seing privé
06/08/2002	PV d'Assemblée
05/08/2002	PV d'Assemblée
05/08/2002	Statuts mis à jour
27/03/2002	PV d'Assemblée
27/03/2002	Nomination/démission des organes de gestion
27/03/2002	Augmentation de Capital
27/03/2002	Acte modificatif
27/03/2002	Acte sous seing privé
02/08/2001	Statuts mis à jour
02/08/2001	PV d'Assemblée
02/08/2001	Acte sous seing privé
02/08/2001	Conversion du Capital Social en Euros
05/11/1997	PV d'Assemblée
05/11/1997	Augmentation de Capital
05/11/1997	Acte modificatif
05/11/1997	Rapport des Commissaires ou du Gérant
05/11/1997	Fusion
05/11/1997	Déclaration de conformité
05/11/1997	PV du Conseil d'Administration
05/11/1997	Acte sous seing privé
05/11/1997	Statuts mis à jour
10/09/1997	Acte sous seing privé
10/09/1997	Rapport des Commissaires ou du Gérant
02/07/1997	Acte sous seing privé
02/07/1997	Acte modificatif
02/07/1997	Requête et Ordonnance
08/03/1994	Statuts mis à jour
08/03/1994	Déclaration de conformité
08/03/1994	Modification du Conseil d'Administration
08/03/1994	Modification de l'objet social
08/03/1994	Prorogation de durée
08/03/1994	Acte modificatif
08/03/1994	Nomination/démission des organes de gestion
08/03/1994	PV d'Assemblée

Establishment events history

Date	Description
02/02/2013	Update Rating
06/09/2012	Update of phone numbers
08/10/2011	Update Rating
26/07/2011	Update Rating
06/05/2011	Update Rating
21/01/2011	Update Rating
03/09/2010	Update Rating
19/02/2010	Update Limit
19/02/2010	Update Rating
30/11/2009	Update Limit
30/11/2009	Update Rating
14/09/2009	Update Rating
03/07/2008	Update Rating
28/05/2008	Update Rating
13/03/2008	Update Rating
12/12/2007	Modification of Head office
11/12/2007	Update Limit
09/12/2007	Update Limit

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.30
UK Pound	1	Rs.82.88
Euro	1	Rs.70.80

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.