MIRA INFORM REPORT

Report Date :

09.12.2013

IDENTIFICATION DETAILS

Name :	JAC JAC SA

Registered Office :	87 Rue De Clery, 75002 Paris 2

Country :	France

Financials (as on) :	31.12.2012

Date of Incorporation :	April 1984

Com. Reg. No.:	RCS Paris 8 329 770 481

Legal Form :	Limited Liability Company

Line of Business :	Wholesale trader of Clothing and footwear

No. of Employees :	10 to 19 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 :	No Complaints

Litigation :	–--

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 – September 30th, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

REGISTERED NAME & COMPANY SUMMARY

Name

JAC JAC SA

SIRET

329 770 481 00011

Company Summary

		EUR VAT Number	FR16329770481
Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) Wholesale trader of Clothing and footwear	Legal form	Limited Liability Company
Phone	01 45 08 02 20	RCS Registration	RCS Paris 8 329 770 481
Fax	01 42 21 94 69
Address	JAC JAC SA 87 RUE DE CLERY 75002 PARIS 2	Incorporated Date	05/1984
Nationality	France	Status	Economically active
Operating Address	100 Avenue Du General Leclerc, 93692 Pa Ntin Cedex, France

Directors/management

Directors

Name	M. CASSOU JACQUES
Manager position	Manager	Date of birth	05/08/1951
Place of birth	HYÈRES (83400)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M JACQUES CASSOU	- - -
President	M JACQUES CASSOU	05/08/1951 - HYERES (83400)

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

80,000 Euros

Shareholders

Shareholders available for this company

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

No group information available for the company

Linkages

No Linkages information available for the company

FINANCIAL INFORMATION

Trading to Date

12/31/2012

12/31/2011

12/31/2010

Turnover

3,652,046 €

4,137,315 €

4,107,878 €

Gross Operating Surplus

1,48 % Turnover

6,65 % Turnover

4,63 % Turnover

Shareholders’ equity

499,530 €

748,591 €

738,649 €

Net result

100,939 €

109,942 €

98,238 €

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	31/07/2013	08/08/2013	21/02/2012
Activity Code	4642Z	4642Z	4642Z
Employees	0	0	13

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	52 254	-13,5%	60 436	2,0%	59 258	44 008,50	18,7%
- Intangible assets	7 178	0%	0	0%	0	6 930	3,6%
- Tangible assets	22 323	-40,8%	37 683	1,7%	37 036	5 845	281,9%
- Financial assets	22 753	0%	22 753	2,4%	22 222	5 593	306,8%
Net current assets	919 445	-15,2%	1 084 643	-5,2%	1 143 670	219 150,50	319,5%
- Stocks	13 498	-62,6%	36 058	22,1%	29 539	55 739,50	-75,8%
- Advanced payments	0	-15,2%	0	0%	0	0	0%
- Receivables	272 348	-3,1%	280 976	-23,1%	365 598	63 411,50	329,5%
- Securities and cash	633 599	-17,5%	767 609	2,5%	748 533	33 895	1769,3%
- Prepaid expenses	-	-	-	-	-	109	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	971 699	-15,1%	1 145 078	-4,8%	1 202 927	307 439	216,1%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	499 530	-33,3%	748 591	1,3%	738 649	68 179,50	632,7%
Share capital	80 000	0%	80 000	0%	80 000	10 000	700%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	472 170	19,1%	396 488	-14,6%	464 279	198 814,50	137,5%
- Financial liabilities	182 197	107,4%	87 840	-44,1%	157 046	19 609,50	829,1%
- Advanced payments received	0	0%	289	0%	0	0	0%
- Trade account payables	142 891	-12,6%	163 531	8,0%	151 382	65 750	117,3%
- Tax and social liabilities	147 082	1,6%	144 828	-7,1%	155 851	44 367	231,5%
- Other debts and fixed assets liabilities	0	0%	0	0%	0	9 285	0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	971 699	-15,1%	1 145 078	-4,8%	1 202 927	307 440	216,1%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	3 831 511	-8,9%	4 206 381	1,0%	4 163 686	456 184	739,9%
Net turnover	3 652 046	-11,7%	4 137 315	0,7%	4 107 878	447 599	715,9%
- of which net export turnover	0	0%	217 546	870,5%	22 416	146,50	0%
Operating charges	3 691 532	-8,8%	4 049 135	0,5%	4 029 432	450 111	720,1%
Operating profit/loss	139 979	-11,0%	157 246	17,1%	134 254	8 203,50	1606,3%
Financial income	280	-80,0%	1 397	-85,3%	9 516	03	9233,3%
Financial charges	5 052	-23,8%	6 626	-0,1%	6 632	797	533,9%
Financial profit/loss	-4 772	8,7%	-5 229	-281,3%	2 884	-106,50	-4380,8%
Pretax net operating income	135 207	-11,1%	152 017	10,8%	137 138	7 039	1820,8%
Extraordinary income	8 374	31,7%	6 357	40,1%	4 537	0	0%
Extraordinary charges	1 368	-14,1%	1 592	-18,8%	1 960	239	472,4%
Extraordinary profit/loss	7 006	47,0%	4 765	84,9%	2 577	0	0%
Net result	100 939	-8,2%	109 942	11,9%	98 238	7 003	1341,4%

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		31/12/2012		31/12/2011		31/12/2010
	Months		12		12		12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to VI)	Net	971 699	-15,1%	1 145 078	-4,8%	1 202 927
Gross	CO	971 699	-41,9%	1 671 350	3,7%	1 612 296
Amortisation	1A	0	0%	526 272	28,6%	409 369

Non declared distributed capital (I)

		31/12/2012		31/12/2011		31/12/2010
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

		31/12/2012		31/12/2011		31/12/2010
Total Active fixed asset (II)	Net	52 254	-13,5%	60 436	2,0%	59 258
Gross	BJ	52 254	-86,3%	382 662	5,2%	363 748
Amortisation	BK	0	0%	322 226	5,8%	304 490

Intangible fixed assets

			31/12/2012		31/12/2011		31/12/2010
	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	7 178	0%	0	0%	0
	Gross	AF	7 178	-54,1%	15 654	0%	15 654
	Amortisation	AG	0	0%	15 654	0%	15 654
	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	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	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	7 178	0%	0	0%	0

Tangible fixed assets

		31/12/2012		31/12/2011		31/12/2010
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	132	-70,9%	454	-41,4%	775
Gross	AR	132	-99,4%	23 093	0%	23 093
Amortisation	AS	0	0%	22 639	1,4%	22 318
Other tangible fixed assets	Net	22 191	-40,4%	37 229	2,7%	36 261
Gross	AT	22 191	-93,1%	321 162	6,1%	302 779
Amortisation	AU	0	0%	283 933	6,5%	266 518
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	22 323		37 683		37 036

Financial assets

		31/12/2012		31/12/2011		31/12/2010
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	22 753	0%	22 753	2,4%	22 222
Gross	BH	22 753	0%	22 753	2,4%	22 222
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		22 753		22 753		22 222

Current Assets (III)

		31/12/2012		31/12/2011		31/12/2010
Total Assets	Net	919 445	-15,2%	1 084 643	-5,2%	1 143 670
Gross	CJ	919 445	-28,7%	1 288 689	3,2%	1 248 548
Amortisation	CK	0	0%	204 046	94,6%	104 878

Stocks

		31/12/2012		31/12/2011		31/12/2010
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	13 498	-62,6%	36 058	22,1%	29 539
Gross	BT	13 498	-92,3%	176 037	97,7%	89 056
Amortisation	BU	0	0%	139 979	135,2%	59 517
Sub Total Stocks	Net	13 498	-62,6%	36 058	22,1%	29 539

Advance payments to suppliers

		31/12/2012		31/12/2011		31/12/2010
Advance payments to suppliers	Net	0	0%	0	0%	0
Gross	BV	0	0%	0	0%	0
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2012		31/12/2011		31/12/2010
Trade accounts receivable	Net	133 595	-4,3%	139 593	-21,0%	176 752
Gross	BX	133 595	-34,4%	203 660	-8,3%	222 113
Amortisation	BY	0	0%	64 067	41,2%	45 361
Other debtors	Net	72 344	0,1%	72 289	-36,4%	113 584
Gross	BZ	72 344	0,1%	72 289	-36,4%	113 584
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	205 939	-2,8%	211 882	-27,0%	290 336

Divers

		31/12/2012		31/12/2011		31/12/2010
Investment securities	Net	0	0%	0	0%	307 256
Gross	CD	0	0%	0	0%	307 256
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	633 599	-17,5%	767 609	74,0%	441 277
Gross	CF	633 599	-17,5%	767 609	74,0%	441 277
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	633 599	-17,5%	767 609	2,5%	748 533

Prepaid expenses

		31/12/2012		31/12/2011		31/12/2010
Prepaid expenses	Net	66 409	-3,9%	69 094	-8,2%	75 262
Gross	CH	66 409	-3,9%	69 094	-8,2%	75 262
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			31/12/2012		31/12/2011		31/12/2010
	Grand Total (I to V)	EE	971 699	-15,1%	1 145 078	-4,8%	1 202 927

Shareholder Equity (I)

		31/12/2012		31/12/2011		31/12/2010
Total shareholders' equity (Total I)	DL	499 530	-33,3%	748 591	1,3%	738 649
Equity and shareholders' equity	DA	80 000	0%	80 000	0%	80 000
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	8 000	0%	8 000	0%	8 000
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	52 411	0%	52 411	0%	52 411
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	258 180	-48,2%	498 238	-0,4%	500 000
Profit or loss for the period	DI	100 939	-8,2%	109 942	11,9%	98 238
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		31/12/2012		31/12/2011		31/12/2010
Total other capital resources (Total II)	DO	0	0%	0	0%	0
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

		31/12/2012		31/12/2011		31/12/2010
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)

		31/12/2012		31/12/2011		31/12/2010
Total Liabilities (Total IV)	EC	472 170	19,1%	396 488	-14,6%	464 279
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	605	-38,8%	989	51,2%	654
Sundry loans and financial liabilities	DV	181 592	109,1%	86 851	-44,5%	156 392
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	0	0%	289	0%	0
Trade accounts payables	DX	142 891	-12,6%	163 531	8,0%	151 382
Tax and social security liabilities	DY	147 082	1,6%	144 828	-7,1%	155 851
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	0	0%	0	0%	0

Translation loss (V)

			31/12/2012		31/12/2011		31/12/2010
	Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

			31/12/2012		31/12/2011		31/12/2010
	Deferred income	EB	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	396 487	-14,6%	464 278
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			31/12/2012		31/12/2011		31/12/2010
	Operating result (Total I-II)	GG	139 979	-11,0%	157 246	17,1%	134 254

2 - Financial result (V - VI)

			31/12/2012		31/12/2011		31/12/2010
	Financial result (Total V-VI)	GV	-4 772	8,7%	-5 229	-281,3%	2 884

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

			31/12/2012		31/12/2011		31/12/2010
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	135 207	-11,1%	152 017	10,8%	137 138

4 - Extraordinary result (VII-VIII)

			31/12/2012		31/12/2011		31/12/2010
	Extraordinary result (Total VII-VIII)	HI	7 006	47,0%	4 765	84,9%	2 577

Profit or loss

			31/12/2012		31/12/2011		31/12/2010
	Profit or loss	HN	100 939	-8,2%	109 942	11,9%	98 238

Total Income (I+III+V+VII)

			31/12/2012		31/12/2011		31/12/2010
	Total Income (I+III+V+VII)	HL	3 840 165	-8,9%	4 214 135	0,9%	4 177 739

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

			31/12/2012		31/12/2011		31/12/2010
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	3 739 225	-8,9%	4 104 193	0,6%	4 079 500

Operating income (I)

			31/12/2012		31/12/2011		31/12/2010
	Total operating income (Total I)	FR	3 831 511	-8,9%	4 206 381	1,0%	4 163 686

Operating income (details)

		31/12/2012		31/12/2011		31/12/2010
Sale of goods for resale	FC	3 626 432	-11,8%	4 111 778	0,8%	4 077 233
France	FA	3 626 432	-7,2%	3 905 899	-3,7%	4 055 015
Export	FB	0	0%	205 879	826,6%	22 218
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	25 614	0,3%	25 537	-16,7%	30 645
France	FG	25 614	84,7%	13 870	-54,4%	30 447
Export	FH	0	0%	11 667	5792,4%	198
Net turnover	FL	3 652 046	-11,7%	4 137 315	0,7%	4 107 878
France	FJ	3 652 046	-6,8%	3 919 769	-4,1%	4 085 462
Export	FK	0	0%	217 546	870,5%	22 416
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	179 435	159,8%	69 058	24,0%	55 682
Other income	FQ	30	275,0%	08	-93,7%	126

Operating charges (II)

			31/12/2012		31/12/2011		31/12/2010
	Total operating charges (Total II)	GF	3 691 532	-8,8%	4 049 135	0,5%	4 029 432

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	1 624 106	-18,0%	1 980 044	4,5%	1 894 691
Change in stocks of goods for resale	FT	140 320	261,3%	-86 981	-278,1%	-23 005
Purchase of raw materials	FU	227 163	-17,0%	273 579	3,8%	263 484
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	760 899	-9,3%	839 329	-3,0%	865 242
Tax, duty and similar payments	FX	30 711	-9,6%	33 978	-5,6%	35 983
Payroll	FY	579 325	-0,3%	580 920	-7,3%	626 643
Social security costs	FZ	235 388	-2,4%	241 148	-5,3%	254 562

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	16 491	-12,5%	18 851	18,2%	15 944
Amortisation of fixed assets	GB	43 209	0%	0	0%	0
Depreciation/amortisation of current assets	GC	33 920	-79,8%	168 225	81,2%	92 837
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

			31/12/2012		31/12/2011		31/12/2010
	Other charges	GE	0	0%	42	-98,6%	3 051

Operating charges (III-IV)

		31/12/2012		31/12/2011		31/12/2010
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

		31/12/2012		31/12/2011		31/12/2010
Total financial income (Total V)	GP	280	-80,0%	1 397	-85,3%	9 516
Share financial income	GJ	0	0%	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0	0%	9 515
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	280	0%	0	0%	01
Net income from disposal of investment securities	GO	0	0%	1 397	0%	0

Financial Charge (VI)

		31/12/2012		31/12/2011		31/12/2010
Total financial charge (Total VI)	GU	5 052	-23,8%	6 626	-0,1%	6 632
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	0	0%	6 626	-0,1%	6 632
Exchange losses	GS	5 052	0%	0	0%	0
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		31/12/2012		31/12/2011		31/12/2010
Total extraordinary income (Total VII)	HD	8 374	31,7%	6 357	40,1%	4 537
Extraordinary operating income	HA	0	0%	1 286	204,7%	422
Extraordinary income from capital transactions	HB	275	-94,6%	5 071	23,2%	4 115
Released provisions and transferred charges	HC	8 099	0%	0	0%	0

Extraordinary charges (VIII)

		31/12/2012		31/12/2011		31/12/2010
Total extraordinary charges (Total VIII)	HH	1 368	-14,1%	1 592	-18,8%	1 960
Extraordinary operating charges	HE	0	0%	1 592	-18,8%	1 960
Extraordinary charges from capital transactions	HF	1 368	0%	0	0%	0
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

			31/12/2012		31/12/2011		31/12/2010
	Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

			31/12/2012		31/12/2011		31/12/2010
	Tax on profits (Total X)	HK	41 273	-11,9%	46 840	12,9%	41 476

References

		31/12/2012		31/12/2011		31/12/2010
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 incomes 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)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	OG	0	0%	0	0%	0
Increases due to revaluation	OH	0	0%	0	0%	0
Decreases, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreases by budget item transfer	OK1	0	0%	0	0%	0
Decreases by transfers	OK2	0	0%	1 116	-92,4%	14 762
Gross value at the end of period	OL	390 972	2,2%	382 662	5,2%	363 748

Research and development Charge (Total I)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	CZ	0	0%	0	0%	0
Increases due to revaluation	KB	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreases by budget item transfer	C01	0	0%	0	0%	0
Decreases by transfers	C02	0	0%	0	0%	0
Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	KD	15 654	0%	15 654	0%	15 654
Increases due to revaluation	KE	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KF	7 600	0%	0	0%	0
Decreases by budget item transfer	LV1	0	0%	0	0%	0
Decreases by transfers	LV2	0	0%	0	0%	0
Gross value at the end of period	LW	23 254	48,5%	15 654	0%	15 654

Tangible fixed assets (Total III)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LN	344 255	5,6%	325 873	-3,4%	337 429
Increases due to revaluation	LO	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LP	710	-96,4%	19 498	508,6%	3 204
Decreases by budget item transfer	NG1	0	0%	0	0%	0
Decreases by transfers	NG2	0	0%	1 116	-92,4%	14 762
Gross value at the end of period	NH	344 965	0,2%	344 255	5,6%	325 872

Financial assets (Total IV)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LQ	22 753	2,4%	22 222	13,3%	19 616
Increases due to revaluation	LR	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LS	0	0%	531	-79,6%	2 606
Decreases by budget item transfer	NJ1	0	0%	0	0%	0
Decreases by transfers	NJ2	0	0%	0	0%	0
Gross value at the end of period	NK	22 753	0%	22 753	2,4%	22 222

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

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreases		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)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreases		PC	0	0%	0	0%	0
	Decreases by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	PE	15 654	0%	15 654	0%	15 654
Increases		PF	422	0%	0	0%	0
Decreases		PG	0	0%	0	0%	0
	Decreases by budget item transfer	PH	16 076	2,7%	15 654	0%	15 654

Total fixed assets amortisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	306 572	6,1%	288 836	0,4%	287 653
Increases		QV	16 069	-14,8%	18 851	18,2%	15 945
Decreases		QW	0	0%	1 116	-92,4%	14 761
	Decreases by budget item transfer	QX	322 641	5,2%	306 571	6,1%	288 837

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2011		31/12/2010
	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
	Decreases by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2012		31/12/2011		31/12/2010
	Net value at beginning of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning of period	7C	0	0%	104 878	54,9%	67 723
Increases		UB	0	0%	168 225	81,2%	92 837
Decreases		UC	0	0%	69 058	24,0%	55 682
	Value at the end of period	UD	0	0%	204 045	94,6%	104 878

Includes Total allocations

Operating	UE	0%	168 225	81,2%	92 837
Financial	UG	0%	0	0%	0
Exceptional	UJ	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0%	69 058	24,0%	55 682
Financial	UH	0%	0	0%	0
Exceptional	UK	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning 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)

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning of period	7B	0	0%	104 878	54,9%	67 722
Increases		TY	0	0%	168 225	81,2%	92 837
Decreases		TZ	0	0%	69 058	24,0%	55 681
	Value at the end of period	UA	0	0%	204 045	94,6%	104 878

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	340 703	0%	0	0%	433 181
1 year at most	VU	317 950	0%	0	0%	410 959
More than one year	VV	22 753	0%	0	0%	22 222

State of loans

		31/12/2012		31/12/2011		31/12/2010
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	22 753	0%	0	0%	22 222
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	56 044	0%	0	0%	55 594
Other claims customer	UX	123 152	0%	0	0%	166 519
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%	69
Income taxes	VM	5 567	0%	0	0%	52 028
Value added tax	VB	33 476	0%	0	0%	35 446
Other taxes and payments assimilated	VN	2 966	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	30 335	0%	0	0%	26 041

Prepaid

			31/12/2012		31/12/2011		31/12/2010
	Prepaid	VS	66 409	0%	0	0%	75 262

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	472 170	0%	0	0%	464 278
1 year at most		VZ2	472 170	0%	0	0%	464 278
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

31/12/2012

31/12/2011

31/12/2010

Convertible bonds (gross)

7Y1

1 year at most

7Y2

More than 1 year and 5 years at most

7Y3

Other bonds (gross)

7Z1

1 year at most

7Z2

More than 1 year and 5 years at most

7Z3

Borrowing & debts to 1 year maximum at the origin (gross)

VG1

1 year at most

VG2

More than 1 year and 5 years at most

VG3

Borrowing & debts to more than 1 year at the origin (gross)

VH1

605

654

1 year at most

VH2

605

654

More than 1 year and 5 years at most

VH3

Loans and various financial liabilities (gross)

8A1

1 year at most

8A2

More than 1 year and 5 years at most

8A3

Suppliers and associated accounts (gross)

8B1

142 891

151 382

1 year at most

8B2

142 891

151 382

More than 1 year and 5 years at most

8B3

142 891

151 382

Personnel and associated accounts (gross)

8C1

52 705

47 924

1 year at most

8C2

52 705

47 924

More than 1 year and 5 years at most

8C3

Social Security and other social organizations (gross)

8D1

80 594

87 782

1 year at most

8D2

80 594

87 782

More than 1 year and 5 years at most

8D3

Taxes on profits (gross)

8E1

1 year at most

8E2

More than 1 year and 5 years at most

8E3

VAT (gross)

VW1

812

1 year at most

VW2

812

More than 1 year and 5 years at most

VW3

Backed Obligations (gross)

VX1

1 year at most

VX2

More than 1 year and 5 years at most

VX3

Other taxes and assimilated (gross)

VQ1

13 729

19 333

1 year at most

VQ2

13 729

19 333

More than 1 year and 5 years at most

VQ3

Assets and liabilities associated accounts (gross)

8J1

1 year at most

8J2

More than 1 year and 5 years at most

8J3

More than 5 years

8J4

Groups and associates (gross)

VI1

181 592

156 392

1 year at most

VI2

181 592

156 392

More than 1 year and 5 years at most

VI3

More 5 years

VI4

Other liabilities (gross)

8K1

1 year at most

8K2

More than 1 year and 5 years at most

8K3

Debt representative of borrowed securities (gross)

SZ1

1 year at most

SZ2

More than 1 year and 5 years at most

SZ3

Products in advance (gross)

8L1

1 year at most

8L2

More than 1 year and 5 years at most

8L3

References

		31/12/2012		31/12/2011		31/12/2010
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

			31/12/2012		31/12/2011		31/12/2010
	Dividends	ZE	0	0%	0	0%	747 667

Commitments

		31/12/2012		31/12/2011		31/12/2010
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2012		31/12/2011		31/12/2010
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	110 827
Staff outside the company	YU	0	0%	0	0%	1 027
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	426 593
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	326 795
Total Other purchases and external	ZJ	0	0%	0	0%	865 242

Taxes and Fees

		31/12/2012		31/12/2011		31/12/2010
Business tax	YW	0	0%	0	0%	16 926
Other taxes and payments assimilated	9Z	0	0%	0	0%	19 057
Total taxes and fees	YX	0	0%	0	0%	35 983

VAT

		31/12/2012		31/12/2011		31/12/2010
Amount VAT collected	YY	0	0%	0	0%	753 962
Total VAT on goods and services	YZ	0	0%	0	0%	521 054

Average number of employees

			31/12/2012		31/12/2011		31/12/2010
	Average number of employees	YP	0	0%	0	0%	13

Groups and Shareholders

			31/12/2012		31/12/2011		31/12/2010
	Groups and Shareholders	ZR	0	0%	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Fixed Asset Financing	13,05	330,7%	3,03	-8,2%	3,30	1,99	555,8%
Global Debt	47 days	34,3%	35 days	-14,6%	41 days	144 days	-67,4%
Working Capital Fund overall net	62 days	-8,8%	68 days	-6,8%	73 days	53 days	17,0%
Financial independence	82566,94%	9,1%	75691,71%	-33,0%	112943,27%	319,68%	25728,0%
More ratios
Solvability	51,41%	-21,4%	65,37%	6,5%	61,40%	27,74%	85,3%
Capacity debt futures	82566,94%	-	%	-	112943,27%	1013,81%	8044,2%
Coverage of current assets by net working capital overall	73,79%	16,0%	63,63%	12,6%	56,50%	34,32%	115,0%
General Liquidity	0,67	-		-	0,89	0,41	63,4%
Restricted Liquidity	2,02	-		-	2,50	0,74	173,0%

Management or rotation

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital	-7 days	-40,0%	-5 days	-600%	1 days	14,50 days	-148,3%
Treasury	62 days	-7,5%	67 days	1,5%	66 days	8 days	675,0%
Inventory turnover of goods	3 days	-90,9%	33 days	94,1%	17 days	97 days	-96,9%
Average length of credit granted to customers	13 days	-27,8%	18 days	12,5%	16 days	32 days	-59,4%
Average length of credit obtained suppliers	19 days	-5,0%	20 days	33,3%	15 days	60 days	-68,3%
More ratios
Inventory turnover of raw materials in industrial enterprises	0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	1710 days	-
Rotation tangible assets	1058,67%	-11,9%	1201,82%	-4,7%	1260,58%	1895,85%	-44,2%

Profitability of the business

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading	50,99%	-4,9%	53,63%	-0,1%	53,69	33%	54,5%
Profitability of the business	1,48	-77,7%	6,65	43,6%	4,63	2,67%	-44,6%
Net profit	2,76%	3,8%	2,66%	11,3%	2,39%	1,44%	91,7%
More ratios
Growth rate of turnover (excluding VAT)	-11,10%	-1641,7%	0,72%	119,5%	-3,70%	-0,88%	-1161,4%
Rates integration	24,63%	-9,9%	27,34%	1,4%	26,96%	18,52%	33,0%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	90,57%	24,6%	72,66%	-8,7%	79,57%	70,71%	28,1%
Weight interests	0,14	-12,5%	0,16%	0%	0,16%	0,21%	-33,3%

Return on capital

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability	4,43%	235,6%	1,32%	0%	1,32%	2,10%	111,0%
Rates of economic profitability	8%	-75,8%	33%	57,1%	21%	12%	-33,3%
Financial profitability	499530%	-33,3%	748591%	1,3%	738649%	37771%	1222,5%
Return on investment	15,55%	11,5%	13,94%	19,0%	11,71%	9,86%	57,7%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	3 652 046	-11,7%	4 137 315	0,7%	4 107 878	447 599 €	715,9%

Sales of goods	3 626 432	-11,8%	4 111 778	0,8%	4 077 233
- Purchase of goods	1 624 106	-18,0%	1 980 044	4,5%	1 894 691
+/- Stock of goods variation	140 320	261,3%	-86 981	-278,1%	-23 005
Trading margin	1 862 006 €	-16,1%	2 218 715 €	0,6%	2 205 547 €	125 833,50 €	1379,7%
	50,99 % CA	-4,9%	53,63 % CA	-0,1%	53,69 % CA	33,93 % CA	50,3%

Sale of goods produced	25 614	0,3%	25 537	-16,7%	30 645
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	25 614 €	0,3%	25 537 €	-16,7%	30 645 €	2 658,50 €	863,5%
	0,70 % CA	12,9%	0,62 % CA	-17,3%	0,75 % CA	1,15 % CA	-39,1%

Trading margin	1 862 006	-16,1%	2 218 715	0,6%	2 205 547	125 833,50	1379,7%
+ Period Production	25 614	0,3%	25 537	-16,7%	30 645	2 658,50	863,5%
- Purchase of raw materials	227 163	-17,0%	273 579	3,8%	263 484
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	760 899	-9,3%	839 329	-3,0%	865 242
Added value	899 558 €	-20,5%	1 131 344 €	2,2%	1 107 466 €	89 465,50 €	905,5%
	24,63 % CA	-9,9%	27,34 % CA	1,4%	26,96 % CA	18,52 % CA	33,0%

Added value	899 558 €	-20,5%	1 131 344 €	2,2%	1 107 466 €	89 465,50 €	905,5%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	30 711	-9,6%	33 978	-5,6%	35 983
- Personal charges	814 713	-0,9%	822 068	-6,7%	881 205
Gross operating surplus	54 134 €	-80,3%	275 298 €	44,7%	190 278 €	10 714,50 €	405,2%
	1,48 % CA	-77,7%	6,65 % CA	43,6%	4,63 % CA	2,67 % CA	-44,6%

Gross operating surplus	54 134 €	-80,3%	275 298 €	44,7%	190 278 €	10 714,50 €	405,2%
+ Release of reserves and provisions	179 435	159,8%	69 058	24,0%	55 682
+ Other operating income	30	275,0%	08	-93,7%	126
- Depreciation/Amortisation	93 620	-50,0%	187 076	72,0%	108 781
- Other charges	0	0%	42	-98,6%	3 051
Operating result	139 979 €	-11,0%	157 246 €	17,1%	134 254 €	8 203,50 €	1606,3%
	3,83 % CA	0,8%	3,80 % CA	16,2%	3,27 % CA	1,99 % CA	92,5%

Operating result	139 979 €	-11,0%	157 246 €	17,1%	134 254 €	8 203,50 €	1606,3%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	280	-80,0%	1 397	-85,3%	9 516
- Financial charges	5 052	-23,8%	6 626	-0,1%	6 632
Pre-tax result	135 207 €	-11,1%	152 017 €	10,8%	137 138 €	7 041 €	1820,3%
	3,70 % CA	0,8%	3,67 % CA	9,9%	3,34 % CA	1,63 % CA	127,0%

Extraordinary income	8 374	31,7%	6 357	40,1%	4 537	0	0%
- Extraordinary charges	1 368	-14,1%	1 592	-18,8%	1 960
Extraordinary result	7 006 €	47,0%	4 765 €	84,9%	2 577 €	0 €	0%
	0,19 % CA	58,3%	0,12 % CA	100%	0 % CA	0 % CA	0%

Pre-tax result	135 207 €	-11,1%	152 017 €	10,8%	137 138 €	7 041 €	1820,3%
Extraordinary result	7 006 €	47,0%	4 765 €	84,9%	2 577 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	41 273	-11,9%	46 840	12,9%	41 476
Net result	100 940 €	-8,2%	109 942 €	11,9%	98 239 €	7 005,50 €	1340,9%
	2,76 % CA	3,8%	2,66 % CA	11,3%	2,39 % CA	1,44 % CA	91,7%

ADDITIONAL INFORMATION

Company details

Activity (APE)	Wholesale trader of Clothing and footwear (4642Z)
RCS Registration	RCS Paris 8 329 770 481	Share capital	80,000 Euros
Registration Court	Paris (75)	Legal form	Limited Liability Company
Court Registry Number	19 8 4B05584	EUR VAT Number	FR16329770481
Incorporation Date	05/1984	Formation Date	04/1984
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Wholesale trader of Clothing and footwear (4642Z)	Business Pages FT®	VETEMENT HOMME DAME GRO
Postal Address	JAC JAC SA 87 RUE DE CLERY 75002 PARIS 2	Trading Address	87 RUE DE CLERY 75002 PARIS 2
Telephone	01 45 08 02 20
Fax	01 42 21 94 69

Type	Head office	Status	Economically active
Formation Date	04/1984	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Store
Location surface	From 300 m² to less than 400 m²	Seasonality

Department	Paris (75)	Region	Ile-de-France
District	1	Area	99
City	PARIS 2	Size of urban area	Paris conglomeration

Other establishments

	Branches	2 branch entities in this company
	Head office	> JAC JAC SA <<< - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in PARIS 2 (75002)
	Secondary establishments	> JAC JAC SA - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in PANTIN (93500) > JAC JAC SA - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in NIMES (30000)

	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

1 or 2 employees

Company workforce

10 to 19 employees

Preferential rights details and history

Summary of preferential rights

Company monitored since		12/05/2010
Status of Monitoring		No social security and tax office preferential right to date
Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
04/09/2013	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1843 - 329770481 RCS. " JAC - JAC ". Forme : Société à responsabilité limitée. Adresse : 87 rue de Cléry 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
02/04/2013	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11797 - 329770481 RCS. " JAC - JAC ". Forme : Société à responsabilité limitée. Adresse : 87 rue de Cléry 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
11/12/2012	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1590 - 329 770 481 RCS Paris. " JAC - JAC ". Forme : Société à responsabilité limitée. Administration : modification du Gérant Cassou, Jacques, Commissaire aux comptes titulaire partant : Pezout, Didier, Commissaire aux comptes suppléant partant : SOFIA GESTION. Capital : 80000 EUR. Activité : . Adresse du siège social : 87 rue de Cléry, 75002 Paris. Commentaires : modification survenue sur la forme juridique et l'administration.
13/11/2012	JAL	Resignation / Revocation of the social representative

Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 01/11/2012 La société 329770481 - JAC JAC SA, 87 RUE DE CLERY, 75002 PARIS 2 Fait l'objet du départ de Mademoiselle Didier PEZOUT, 197 Boulevard Voltaire, 75011, PARIS 11, De SARL SOFIA GESTION, 20 Place aux Raires, 06130, GRASSE
19/03/2012	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9494 - 329770481 RCS. " JAC - JAC ". Forme : Société par actions simplifiée. Adresse : 87 rue de Cléry 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
19/03/2012	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9495 - 329770481 RCS. " JAC - JAC ". Forme : Société par actions simplifiée. Adresse : 87 rue de Cléry 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
02/08/2010	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8596 - 329770481 RCS. " JAC - JAC ". Forme : Société par actions simplifiée. Adresse : 87 R DE CLERY 75002 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
19/07/2009	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5625 - 329770481 RCS. JAC - JAC . Forme : Société par actions simplifiée. Adresse : 87 rue de Cléry 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
27/12/2007	Bodacc C	Avis de dépôt des comptes

5988 - 329 770 481. RCS Paris " JAC - JAC ". Forme: Société par actions simplifiée. Adresse du siège social: 87 rue de Cléry 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
15/10/2006	Bodacc C	Avis de dépôt des comptes

1538 - RCS Paris B 329 770 481. RC 84-B 5584. JAC JAC. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 87, R de Cléry,Paris, 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
17/03/2006	Bodacc B	Modifications et mutations diverses

1668 - RCS Paris B 329 770 481. RC 84-B 5584. JAC-JAC. Forme : S.A.S. Capital : 80 000 euros. Adresse du siège social : 87 rue de Cléry,, 75002 Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président : CASSOU (Jacques). Ancien administrateur : CASSOU (Robert).
24/12/2005	Bodacc C	Avis de dépôt des comptes

507 - RCS Paris B 329 770 481. RC 84-B 5584. JAC JAC. Forme: S.A. Adresse du siège social: 87, R de Cléry,Paris, 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
10/10/2004	Bodacc B	Modifications et mutations diverses

RCS Paris B 329770481 RC 84-B 5584 JAC- JAC. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : nomination d'un administrateur : CASSOU (Robert).
12/11/2003	Bodacc B	Modifications et mutations diverses

RCS Paris B 329770481 RC 84-B 5584 JAC- JAC. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification du P.-D.G. : CASSOU ( Jacques). Commissaire aux comptes suppléant partant : TRUBLIN-SAVOYE ( Jean-Claude). Nomination d'un commissaire aux comptes suppléant : SOFIA GESTION.
31/07/2001	Bodacc B	Modifications et mutations diverses

RCS Paris B 329770481 RC 84-B 5584 JAC JAC. Forme : S.A. Capital : 80 000 euros. Commentaires : modification survenue sur le capital (augmentation).
11/05/2000	Bodacc A	Création d'établissement

RCS Paris B 430424218 RC 00-B 7327 CINDY H. Forme : S.A.R.L. Capital : 50 000 F. Activité : commerce au détail de vetements hommes, enfants, femmes. Adresse du siège social : 166, rue du Faubourg-Saint-Antoine 75012 Paris. Administration : gérant : Mme HARROCH, née BENHARBON (Valérie). Fonds acquis par achat au prix stipulé de 100 000 F Date de début d'activité: 1 e r février 2000. Précédent propriétaire : JAC - JAC CAJAC S.A. RCS B 329770481 Publication légale: Spécial des Sociétés Françaises par Actions du 24 février 2000. Oppositions : au fonds.
12/03/2000	Bodacc A	Vente et cession

RCS non encore inscrit. CINDY H. Forme : S.A.R.L. Capital : 50 000 F. Adresse du siège social : 33 rue de la Capsulerie, 93170 Bagnolet Etablissement principal: Activité : commerce de vetements, d' accessoires de vetements, de chaussures et de bijoux fantaisie. Adresse : 166 rue du Faubourg-Saint-Antoine, 75012 Paris Etablissement principal acquis par cession au prix stipulé de 100 000 F. Date d'effet : 1 e r février 2000. Précédent propriétaire : JAC-JAC CAJAC S. A. RCS B 329770481 Publication légale: Journal spécial des sociétés françaises par actions du 24 février 2000. Oppositions : Séquestre Juridique de l' Ordre des Avocats, 11 place Dauphine, 75053 Paris Louvre R.P.-S.P., 75001 Paris, pour la correspondance et au fonds pour la validité.
05/03/2000	Bodacc A	Vente et cession

RCS non encore inscrit. CINDY H. Forme : S.A.R.L. Capital : 50 000 F. Adresse du siège social : 33 rue de la Capsulerie, 93170 Bagnolet Etablissement principal: Activité : commerce de pret-à-porter, de chaussures et de maroquinerie. Adresse : 82 rue de la Victoire, 75009 Paris Cession de l'établissement principal au prix stipulé de 300 000 F. Date d'effet : 1 e r février 2000. Précédent propriétaire : JAC-JAC CAJAC S.A. RCS B 329770481 Publication légale: Journal spécial des sociétés françaises par actions du 17 février 2000. Oppositions : pour la validité au fonds et pour la correspondance au Séquestre Juridique de l'Ordre des Avocats, 11 place Dauphine, 75053 Paris Louvre R.P.-S.P.
07/10/1997	Bodacc B	Modifications et mutations diverses

RCS Paris B 329 770 481 RC 84-B 5584 JAC JAC. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes titulaire partant : S.A. CALAN RAMOLINO ET ASSOCIES. Nomination du commissaire aux comptes titulaire : PEZOUT (Didier). Commissaire aux comptes suppléant partant : LAURENT (Roger). Nomination du commissaire aux comptes suppléant : TRUBLIN-SAVOYE (Jean-Claude).
24/07/1997	Bodacc A	Vente et cession

RCS non encore inscrit JAC-JAC. Forme : S. A. Capital : 500 000 F. Adresse du siège social : 87 rue de Cléry 75002 Paris Etablissement principal: Activité : vente de vetements, de chaussures, de bijoux fantaisie, d'accessoires et de vetements. Adresse : 166 rue du Faubourg- Saint-Antoine 75012 Paris Etablissement principal acquis par achat au prix stipulé de 120 000 F. Date d'effet : 1er juillet 1997. Précédent propriétaire : JULIEN. RCS B 562 054 361 Publication légale: Les Affiches parisiennes du 4 juillet 1997. Oppositions : Séquestre Juridique de l'Ordre des Avocats, 11 place Dauphine, 75001 Paris.
20/07/1997	Bodacc A	Création d'établissement

RCS *. RCS Paris B 329 770 481 RC RC 84- B 5584 JAC - JAC. Forme : S.A. Capital : 500 000 F. Adresse du siège social : 87, rue de Cléry 75002 Paris Etablissement principal: Activité : importation, exportation, transformation, vente en gros et au détail, diffusion et commercialisation de tous vetements pour femmes, hommes et enfants, accessoires et objets connexes. Adresse : 87, rue de Cléry 75002 Paris Etablissement secondaire acquis par achat au prix stipulé de 120 000 F ETABLISSEMENT SECONDAIRE immatriculé au. RCS : Paris. Adresse : 166, rue du Faubourg-Saint-Antoine 75012 Paris. Activité : vente de vetements, chaussures, bijoux fantaisie et accessoires de vetements. Date d'effet : 1er juillet 1997. Précédent propriétaire : JULIEN. RCS RCS B 562 054 361 Publication légale: Affiches Parisiennes du 3 juillet 1997. Oppositions : séquestre juridique de l' Ordre des Avocats, 11, place Dauphine, 75001 Paris.
16/08/1996	Bodacc A	Création d'établissement

RCS *. RCS Paris B 329 770 481 RC RC 84- B 5584 JAC-JAC. Forme : S.A. Capital : 500 000 F. Adresse du siège social : 87, rue de Cléry 75002 Paris Etablissement principal: Activité : importation, exportation, transformation, vente en gros et au détail, diffusion et commercialisation de tous vetements pour femmes, hommes et enfants, accessoires et objets connexes. Adresse : 87, rue de Cléry 75002 Paris Etablissement secondaire acquis par achat au prix stipulé de 200 000 F. Date d'effet : 1er aout 1996 ETABLISSEMENT SECONDAIRE immatriculé au. RCS : Paris. Adresse : 82, rue de la Victoire 75009 Paris. Activité : pret-à-porter, chaussures et maroquinerie. Précédent propriétaire : : S.A.R.L. HEUREUSEMENT. RCS RCS B 331 386 870 Publication légale: Affiches Parisiennes du 24 juillet 1996. Oppositions : Séquestre Juridique de l'Ordre des Avocats, 11, place Dauphine, 75001 Paris.
11/08/1996	Bodacc A	Création d'établissement

RCS Paris B 329 770 481 JAC JAC. Forme : S.A. Capital : 500 000 F. Adresse du siège social : 87 rue de Cléry 75002 Paris Etablissement principal: Activité : pret- à-porter. Adresse : 82 rue de la Victoire 75009 Paris Etablissement principal acquis par achat au prix stipulé de 200 000 F. Date d'effet : 19 juillet 1996. Précédent propriétaire : HEUREUSEMENT. RCS B 331 386 870 Publication légale: Les Affiches parisiennes du 24 juillet 1996. Oppositions : Séquestre Juridique de l' Ordre des Avocats, 11 place Dauphine, 75001 Paris.

Company events history

Date	Description
15/10/2013	Update Limit
15/10/2013	Update Rating
04/09/2013	Bodacc C : Deposit accounts notice
09/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
05/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/08/2013	Update Limit
01/08/2013	Update Rating
01/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
02/04/2013	Bodacc C : Deposit accounts notice
31/12/2012	New accounts available
11/12/2012	Bodacc B: Various editing or changing
26/11/2012	New auditor
26/11/2012	Updated articles of association
26/11/2012	Minutes of general meeting of shareholders
26/11/2012	New legal form – new category
26/11/2012	Donation/partition
13/11/2012	Legal Gazette: Resignation / Revocation of the social representative
01/11/2012	Update of Company Legal Form
01/11/2012	Modification to Company Identifier
19/03/2012	Bodacc C : Deposit accounts notice
25/02/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
23/02/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	New accounts available
31/12/2010	New accounts available
02/08/2010	Bodacc C : Deposit accounts notice
12/05/2010	Collection of preferential rights activated for this company
31/12/2009	New accounts available
19/07/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
22/11/2005	Appointment/resignation of company officers
22/11/2005	New legal form – no new category
22/11/2005	Acte modificatif
22/11/2005	Changement de Président (PDG, PCA)
22/11/2005	Audit or Management Report
22/11/2005	Audit or Management Report
22/11/2005	Rapport des Commissaires ou du Gérant
22/11/2005	Updated articles of association
22/11/2005	Changes to the Board of Directors
22/11/2005	Changes to the Board of Directors
22/11/2005	Updated articles of association
22/11/2005	Statuts mis à jour
22/11/2005	Minutes of general meeting of shareholders
22/11/2005	Minutes of general meeting of shareholders
22/11/2005	PV d'Assemblée
22/11/2005	Private document
22/11/2005	Private document
22/11/2005	Appointment/resignation of company officers
22/11/2005	Changement de Forme Juridique avec changement de catégorie
22/11/2005	New legal form – no new category
31/12/2004	New accounts available
28/09/2004	Appointment/resignation of company officers
28/09/2004	Changes to the Board of Directors
28/09/2004	Private document
28/09/2004	Private document
28/09/2004	Modification du Conseil d'Administration
28/09/2004	Minutes of general meeting of shareholders
28/09/2004	Appointment/resignation of company officers
28/09/2004	Changes to the Board of Directors
28/09/2004	PV d'Assemblée
28/09/2004	Minutes of general meeting of shareholders
31/12/2003	New accounts available
31/10/2003	Acte sous seing privé
31/10/2003	PV d'Assemblée
31/10/2003	Acte modificatif
31/10/2003	Nomination/démission des organes de gestion
31/10/2003	Changement de Commissaire aux Comptes
16/07/2001	Statuts mis à jour
16/07/2001	PV d'Assemblée
16/07/2001	Acte sous seing privé
16/07/2001	Augmentation de Capital
16/07/2001	Conversion du Capital Social en Euros
16/07/2001	Acte modificatif
23/09/1997	Acte sous seing privé
23/09/1997	PV d'Assemblée
23/09/1997	Acte modificatif
23/09/1997	Nomination/démission des organes de gestion
23/09/1997	Changement de Commissaire aux Comptes
21/10/1993	PV d'Assemblée
21/10/1993	Acte modificatif
21/10/1993	Modification du Conseil d'Administration
21/10/1993	Nomination/démission des organes de gestion

Establishment events history

Date	Description
01/08/2013	Update Limit
01/08/2013	Update Rating
12/05/2013	Update Rating
26/02/2013	Update Rating
20/11/2012	Update Rating
20/11/2012	Update Limit
01/11/2012	Update of Establishment Workforce
01/11/2012	Modification of Head office
14/10/2012	Update Rating
23/02/2012	Update Rating
23/02/2012	Update Limit
03/12/2011	Update Rating
03/12/2011	Update Limit
01/12/2011	Update Limit
01/12/2011	Update Rating
25/09/2010	Update Rating
11/06/2010	Update Limit
11/06/2010	Update Rating
29/12/2009	Update Rating
05/09/2009	Update Rating
18/06/2009	Update Limit
18/06/2009	Update Rating
27/09/2008	Update Rating
16/12/2007	Update Limit
10/12/2007	Update Limit
08/12/2007	Update Limit
23/11/2007	Update Limit
23/11/2007	Update Rating
25/01/2007	Update Limit
25/01/2007	Update Rating
20/01/2007	Update Limit
20/01/2007	Update Rating

NOTES & COMMENTS

Commentary

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.

	Positive export turnover
	The pre-tax profit is more than 25,000€
	The shareholder's equity is more than 250,000€
	The deviation of shareholder's equity over the past two years is more than 75%
	The ratio total assets to total liabilities is 2,06
	The debtor days are 27.22
	The return on total assets employed is positive
	The deviation of the current ratio over the past two years is more than 80%
	Industry code with low risk rating
	The company is 29 years old
	The sales to current assets ratio is 3,97
	The tangible fixed assets are 22,323 €
	The liquidity acid test is less than 65%

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.67
UK Pound	1	Rs.100.65
Euro	1	Rs.84.25

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

REGISTERED NAME & COMPANY SUMMARY

Directors/management

NEGATIVE INFORMATION

SHARE & SHARE CAPITAL INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

FINANCIAL INFORMATION

ADDITIONAL INFORMATION

NOTES & COMMENTS

Unit