MIRA INFORM REPORT

Report Date :

13.12.2013

IDENTIFICATION DETAILS

Name :	NEW OLYMPIA
Registered Office :	Av Joseph Marie Jacquard, 10100 Romilly Sur Seine
Country :	France
Financials (as on) :	30.06.2012
Date of Incorporation :	April 2010
Com. Reg. No.:	RCS Troyes 1 522 134 279
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Wholesale trader of Clothing and footwear
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

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

Maximum Credit Limit :	20,000 €
Status :	Moderate
Payment Behaviour :	Slow but Correct
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 – September 30th, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

france ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 79 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011, before stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 10.3% in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high unemployment costs have strained France's public finances. The budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.5% of GDP in 2012, while France's public debt rose from 68% of GDP to 89% over the same period. Under President SARKOZY, Paris implemented some austerity measures to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt. Socialist Party candidate Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, and hiring an additional 60,000 teachers during his five-year term. The government's attempt to introduce a 75% wealth tax on income over one million euros for two years was struck down by the French Constitutional Council in December 2012 because it applied to individuals rather than households. France ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's government has maintained France's commitment to meeting the budget deficit target of 3% of GDP during 2013 even amid signs that economic growth will be lower than the government's forecast of 0.8%. Despite stagnant growth and fiscal challenges, France's borrowing costs declined during the second half of 2012 to euro-era lows.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Name

NEW OLYMPIA

SIRET

522 134 279 00010

Company summary

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) (Wholesale trader of Clothing and footwear)	Legal form	Simplified Joint Stock Company with Single Associate
Phone	03 25 21 28 00	RCS Registration	RCS Troyes 1 522 134 279
EUR VAT Number	FR95522134279	Share capital	1,500,000 Euros
Address	NEW OLYMPIA OLYMPIA AV JOSEPH MARIE JACQUARD 10100 ROMILLY SUR SEINE	Incorporated Date	04/2010
Nationality	France	Status	Economically active

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) (Wholesale trader of Clothing and footwear )
RCS Registration	RCS Troyes 1 522 134 279	Share capital	1,500,000 Euros
Registration Court	Troyes (10)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	20 1 0B00230	EUR VAT Number	FR95522134279
Incorporation Date	04/2010	Formation Date	04/2010
Deregistration Date		Last account Date	30/06/2012
Nationality	France

Establishment details

Activity (APE)	Fabrication d'articles chaussants à mailles (1431Z) (Wholesale trader of Clothing and footwear )	Business Pages FT®
Postal Address	NEW OLYMPIA OLYMPIA AV JOSEPH MARIE JACQUARD 10100 ROMILLY SUR SEINE	Trading Address	AVENUE JOSEPH MARIE JACQUARD 10100 ROMILLY SUR SEINE
Telephone	03 25 21 28 00
Fax

Type	Head office	Status	Economically active
Formation Date	04/2010	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Other	Activity Location	Other
Location surface		Seasonality

Department		Region	Champagne-Ardenne
District		Area
City	ROMILLY SUR SEINE	Size of urban area

CREDIT RECOMENDATION

Current Credit Limit: 20,000 €

DIRECTORS/MANAGEMENT

Current Directors

1

Directors

Name	M. MERLET JEAN FRANÇOISE MICHEL
Manager position	President	Date of birth	05/07/1950
Place of birth	CHAGNY (71)
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Shareholders

No Shareholders available for this company.

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data

Payment Information Summary - Trade Payment Data
Total number of Invoices available	1
Total number of Invoices paid within or up to 30 days after the due date	0
Total number of Invoices paid more than 30 days after the due date	1
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

Group Structure

No group information available for the company

FINANCIAL INFORMATION

Trading to Date	06/30/2012	06/30/2011	06/30/2010
Turnover	9,782,627 €	10,580,204 €	1,706,136 €
Gross Operating Surplus	-3,43 % Turnover	-7,69 % Turnover	3,98 % Turnover
Shareholders’ equity	604,875 €	1,034,592 €	1,505,674 €
Net result	-429,717 €	-471,082 €	5,674 €
Employees	Workforce unknown	-	-

Accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/06/2012	30/06/2011	30/06/2010
Account period (month)	12	12	02
Account Type	Normal	Normal	Normal
Date of capture	09/05/2013	19/01/2012	22/02/2011
Activity Code	4642Z	4642Z	4642Z
Employees	0	0	0

Active account

Annual Accounts	30/06/2012		30/06/2011		30/06/2010	Sector Median 2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	1 251 278	0,0%	1 250 874	20,0%	1 042 494	43 992	2744,3%
- Intangible assets	920 635	2,4%	899 375	23,2%	730 000	6 830	13379,3%
- Tangible assets	313 398	-6,2%	334 260	13,6%	294 166	5 862	5246,3%
- Financial assets	45 856	58,8%	28 882	57,6%	18 328	5 561	724,6%
Net current assets	4 268 467	-15,9%	5 077 317	43,8%	3 529 862	218 470,50	1853,8%
- Stocks	2 530 944	-7,4%	2 732 474	655,5%	361 666	55 521,50	4458,5%
- Advanced payments	10 741	-15,9%	40 236	0%	0	0	0%
- Receivables	1 582 597	-15,0%	1 861 194	-8,9%	2 043 531	63 400	2396,2%
- Securities and cash	144 185	-67,5%	443 413	-60,6%	1 124 665	33 808	326,5%
- Prepaid expenses	-	-	-	-	-	108	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	5 519 747	-12,8%	6 328 192	38,4%	4 572 357	306 738,50	1699,5%

Passive Account

Annual Accounts	30/06/2012		30/06/2011		30/06/2010	Sector Median 2012
Shareholders' equity	604 875	-41,5%	1 034 592	-31,3%	1 505 674	67 945,50	790,2%
Share capital	1 500 000	0%	1 500 000	0%	1 500 000	10 000	14900%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	73 490	0%	0	0%	45 238	0	0%
Liabilities	4 841 382	-8,5%	5 293 600	75,2%	3 021 446	198 467,50	2339,4%
- Financial liabilities	1 849 560	-1,5%	1 876 789	87,6%	1 000 229	19 566,50	9352,7%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	1 324 472	-28,3%	1 847 387	77,2%	1 042 479	65 723	1915,2%
- Tax and social liabilities	1 083 524	23,5%	877 307	2,0%	860 462	44 289	2346,5%
- Other debts and fixed assets liabilities	583 826	-15,6%	692 118	485,2%	118 276	9 285	6187,8%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	5 519 747	-12,8%	6 328 192	38,4%	4 572 357	306 739	1699,5%

Results

Annual Accounts	30/06/2012		30/06/2011		30/06/2010	Sector Median 2012
Sales of Goods	9 897 359	-26,7%	13 509 604	555,1%	2 062 280	456 184	2069,6%
Net turnover	9 782 627	-7,5%	10 580 204	520,1%	1 706 136	447 599	2085,6%
- of which net export turnover	95 767	-25,5%	128 499	1736,0%	6 999	106	90246,2%
Operating charges	10 220 956	-26,2%	13 846 046	586,8%	2 016 160	450 111	2170,8%
Operating profit/loss	-323 597	3,8%	-336 442	-829,5%	46 120	8 191,50	-4050,4%
Financial income	40 595	-39,6%	67 173	7372,0%	899	03	1353066,7%
Financial charges	41 379	13,9%	36 337	13984,1%	258	788,50	5147,8%
Financial profit/loss	-784	-102,5%	30 836	4710,6%	641	-103	-661,2%
Pretax net operating income	-324 381	-6,1%	-305 606	-753,5%	46 761	7 034,50	-4711,3%
Extraordinary income	28 561	-95,1%	588 238	6683,2%	8 672	0	0%
Extraordinary charges	189 952	-75,8%	785 638	1636,7%	45 238	239	79377,8%
Extraordinary profit/loss	-161 391	18,2%	-197 400	-439,8%	-36 566	0	0%
Net result	-429 717	8,8%	-471 082	-8402,5%	5 674	6 995	-6243,2%

Display parameter
Currency	Euro	Kilo Euro

Normal Account

30/06/2012

30/06/2011

30/06/2010

Months

12

12

02

Accounts - Active
Current Assets |  Equalization accounts |  Reference
Grand Total - Passive Accounts (I to IV)

			30/06/2012		30/06/2011		30/06/2010
	Grand Total (I to VI)	Net	5 519 747	-12,8%	6 328 192	38,4%	4 572 357
	Gross	CO	5 690 625	-11,3%	6 418 077	40,2%	4 578 190
	Amortisation	1A	170 878	90,1%	89 885	1441,0%	5 833

Non declared distributed capital (I)

		30/06/2012		30/06/2011		30/06/2010
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			30/06/2012		30/06/2011		30/06/2010
	Total Active fixed asset (II)	Net	1 251 278	0,0%	1 250 874	20,0%	1 042 494
	Gross	BJ	1 417 114	6,1%	1 336 190	27,5%	1 048 328
	Amortisation	BK	165 836	94,4%	85 316	1362,4%	5 834

Intangilble fixed assets

			30/06/2012		30/06/2011		30/06/2010
	Start-up cost	Net	97 699	67,8%	58 216	0%	0
	Gross	AB	97 699	67,8%	58 216	0%	0
	Amortisation	AC	28 611	145,7%	11 643	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	122 936	-7,5%	132 872	342,9%	30 000
	Gross	AF	159 392	5,5%	151 106	403,7%	30 000
	Amortisation	AG	36 456	99,9%	18 234	0%	0
	Goodwill	Net	700 000	0%	700 000	0%	700 000
	Gross	AH	700 000	0%	700 000	0%	700 000
	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%	8 287	0%	0
	Gross	AL	0	0%	8 287	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	920 635	2,4%	899 375	23,2%	730 000

Tangilble fixed assets

			30/06/2012		30/06/2011		30/06/2010
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	224 531	-9,0%	246 640	0,3%	245 833
	Gross	AP	282 212	0%	282 212	12,9%	250 000
	Amortisation	AQ	57 681	62,2%	35 572	753,7%	4 167
	Plant	Net	45 753	19,4%	38 333	-20,7%	48 333
	Gross	AR	62 043	24,1%	50 000	0%	50 000
	Amortisation	AS	16 290	39,6%	11 667	599,9%	1 667
	Other tangible fixed assets	Net	43 114	-12,5%	49 287	0%	0
	Gross	AT	69 912	21,6%	57 487	0%	0
	Amortisation	AU	26 798	226,8%	8 200	0%	0
	Fixed assets in construction	Net	0	0%	0	0%	0
	Gross	AV	0	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	313 398		334 260		294 166

Financial assets

			30/06/2012		30/06/2011		30/06/2010
	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	45 856	58,8%	28 882	57,6%	18 328
	Gross	BH	45 856	58,8%	28 882	57,6%	18 328
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		45 856		28 882		18 328

Current Assets (III)

			30/06/2012		30/06/2011		30/06/2010
	Total Assets	Net	4 268 467	-15,9%	5 077 317	43,8%	3 529 862
	Gross	CJ	4 273 510	-15,9%	5 081 887	44,0%	3 529 862
	Amortisation	CK	5 043	10,4%	4 570	0%	0

Stocks

			30/06/2012		30/06/2011		30/06/2010
	Raw materials	Net	120 583	-27,0%	165 272	2893,0%	5 522
	Gross	BL	120 583	-27,0%	165 272	2893,0%	5 522
	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%	2 567 202	620,8%	356 144
	Gross	BR	0	0%	2 567 202	620,8%	356 144
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	2 410 361	0%	0	0%	0
	Gross	BT	2 410 361	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	2 530 944	-7,4%	2 732 474	655,5%	361 666

Advance payments to suppliers

			30/06/2012		30/06/2011		30/06/2010
	Advance payments to suppliers	Net	10 741	-73,3%	40 236	0%	0
	Gross	BV	10 741	-73,3%	40 236	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			30/06/2012		30/06/2011		30/06/2010
	Trade accounts receivable	Net	1 100 614	-5,2%	1 160 764	-34,8%	1 779 097
	Gross	BX	1 105 657	-5,1%	1 165 334	-34,5%	1 779 097
	Amortisation	BY	5 043	10,4%	4 570	0%	0
	Other debtors	Net	395 624	-37,1%	629 110	252,0%	178 736
	Gross	BZ	395 624	-37,1%	629 110	252,0%	178 736
	Amortisation	CA	0	0%	0	0%	0
	Capital subscribed and called up	Net	0	0%	0	0%	0
	Gross	CB	0	0%	0	0%	0
	Amortisation	CC	0	0%	0	0%	0
	Sub Total Debtors	Net	1 496 238	-16,4%	1 789 874	-8,6%	1 957 833

Divers

			30/06/2012		30/06/2011		30/06/2010
	Investment securities	Net	0	0%	103 807	-81,5%	562 323
	Gross	CD	0	0%	103 807	-81,5%	562 323
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	144 185	-57,5%	339 606	-39,6%	562 342
	Gross	CF	144 185	-57,5%	339 606	-39,6%	562 342
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	144 185	-67,5%	443 413	-60,6%	1 124 665

Prepaid expenses

			30/06/2012		30/06/2011		30/06/2010
	Prepaid expenses	Net	86 359	21,1%	71 320	-16,8%	85 698
	Gross	CH	86 359	21,1%	71 320	-16,8%	85 698
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/06/2012		30/06/2011		30/06/2010
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

		30/06/2012		30/06/2011		30/06/2010
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	87 978	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		30/06/2012		30/06/2011		30/06/2010
Grand Total (I to V)	EE	5 519 747	-12,8%	6 328 192	38,4%	4 572 357

Shareholder Equity (I)

			30/06/2012		30/06/2011		30/06/2010
	Total shareholders' equity (Total I)	DL	604 875	-41,5%	1 034 592	-31,3%	1 505 674
	Equity and shareholders' equity	DA	1 500 000	0%	1 500 000	0%	1 500 000
	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	284	0%	284	0%	0
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-465 692	-8739,9%	5 390	0%	0
	Profit or loss for the period	DI	-429 717	8,8%	-471 082	-8402,5%	5 674
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			30/06/2012		30/06/2011		30/06/2010
	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)

			30/06/2012		30/06/2011		30/06/2010
	Total provisions for risks and charges (Total III)	DR	73 490	0%	0	0%	45 238
	Risk provisions	DP	0	0%	0	0%	45 238
	Reserves for charges	DQ	73 490	0%	0	0%	0

Liabilities (IV)

		30/06/2012		30/06/2011		30/06/2010
Total Liabilities (Total IV)	EC	4 841 382	-8,5%	5 293 600	75,2%	3 021 446
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	849 560	-3,1%	876 789	75,3%	500 229
Sundry loans and financial liabilities	DV	1 000 000	0%	1 000 000	100%	500 000
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	0	0%	0	0%	0
Trade accounts payables	DX	1 324 472	-28,3%	1 847 387	77,2%	1 042 479
Tax and social security liabilities	DY	1 083 524	23,5%	877 307	2,0%	860 462
Fixed asset liabilities	DZ	7 826	-84,2%	49 628	38,3%	35 880
Other debts	EA	576 000	-10,3%	642 490	679,8%	82 396

Translation loss (V)

		30/06/2012		30/06/2011		30/06/2010
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		30/06/2012		30/06/2011		30/06/2010
Deferred income	EB	0	0%	0	0%	0

References

		30/06/2012		30/06/2011		30/06/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	2 991 822	-15,7%	3 549 732	0%	0
Of which current bank facilities	EH	105 152	0%	0	0%	0

Display parameter

Currency

Euro

Kilo Euro

Result account
Sales of Goods | Operating charges | Operating charges | Financial income | Financial charges | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result (I-II)

		30/06/2012		30/06/2011		30/06/2010
Operating result (Total I-II)	GG	-323 597	3,8%	-336 442	-829,5%	46 120

2 - Financial result (V - VI)

		30/06/2012		30/06/2011		30/06/2010
Financial result (Total V-VI)	GV	-784	-102,5%	30 836	4710,6%	641

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

		30/06/2012		30/06/2011		30/06/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-324 381	-6,1%	-305 606	-753,5%	46 761

4 - Extraordinary result (VII-VIII)

		30/06/2012		30/06/2011		30/06/2010
Extraordinary result (Total VII-VIII)	HI	-161 391	18,2%	-197 400	-439,8%	-36 566

Profit or loss

		30/06/2012		30/06/2011		30/06/2010
Profit or loss	HN	-429 717	8,8%	-471 082	-8402,5%	5 674

Total Income (I+III+V+VII)

		30/06/2012		30/06/2011		30/06/2010
Total Income (I+III+V+VII)	HL	9 966 515	-29,6%	14 165 015	583,7%	2 071 851

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

		30/06/2012		30/06/2011		30/06/2010
Total charges (Total II+IV+VI+VIII+IX+X)	HM	10 396 231	-29,0%	14 636 099	608,4%	2 066 176

Operating income (I)

		30/06/2012		30/06/2011		30/06/2010
Total operating income (Total I)	FR	9 897 359	-26,7%	13 509 604	555,1%	2 062 280

Operating income (details)

			30/06/2012		30/06/2011		30/06/2010
	Sale of goods for resale	FC	9 672 261	-7,2%	10 426 092	513,8%	1 698 675
	France	FA	9 576 494	-7,6%	10 361 368	512,5%	1 691 692
	Export	FB	95 767	48,0%	64 724	826,9%	6 983
	Sale of goods produced	FF	0	0%	3 419	-53,5%	7 352
	France	FD	0	0%	3 419	-53,5%	7 352
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	110 366	-26,8%	150 693	138150,5%	109
	France	FG	110 366	27,0%	86 918	93360,2%	93
	Export	FH	0	0%	63 775	398493,8%	16
	Net turnover	FL	9 782 627	-7,5%	10 580 204	520,1%	1 706 136
	France	FJ	9 686 860	-7,3%	10 451 705	515,1%	1 699 137
	Export	FK	95 767	-25,5%	128 499	1736,0%	6 999
	Stocked production	FM	0	0%	2 211 057	520,8%	356 144
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	114 732	-83,9%	711 945	0%	0
	Other income	FQ	0	0%	6 398	0%	0

Operating charges (II)

		30/06/2012		30/06/2011		30/06/2010
Total operating charges (Total II)	GF	10 220 956	-26,2%	13 846 046	586,8%	2 016 160

Exploitation charges

		30/06/2012		30/06/2011		30/06/2010
Purchase of goods for resale	FS	3 810 453	-39,5%	6 297 876	1185,4%	489 959
Change in stocks of goods for resale	FT	156 841	0%	0	0%	0
Purchase of raw materials	FU	217 830	-42,5%	379 092	2754,0%	13 283
Change in stocks of raw materials	FV	44 689	128,0%	-159 750	-2793,0%	-5 522
Other external purchases and charges	FW	1 957 715	-29,0%	2 758 592	330,4%	641 003
Tax, duty and similar payments	FX	243 527	37,4%	177 272	742,4%	21 044
Payroll	FY	2 656 542	-12,9%	3 049 488	415,4%	591 730
Social security costs	FZ	1 030 356	-6,5%	1 102 127	353,7%	242 912

Depreciation

		30/06/2012		30/06/2011		30/06/2010
Depreciation of fixed assets	GA	80 520	1,3%	79 482	1262,6%	5 833
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	473	-89,6%	4 570	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		30/06/2012		30/06/2011		30/06/2010
Other charges	GE	22 010	-86,0%	157 297	888,2%	15 918

Operating charges (III-IV)

		30/06/2012		30/06/2011		30/06/2010
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)

			30/06/2012		30/06/2011		30/06/2010
	Total financial income (Total V)	GP	40 595	-39,6%	67 173	7372,0%	899
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	40 097	-37,7%	64 377	7545,7%	842
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	498	-82,2%	2 796	4805,3%	57

Financial Charge (VI)

		30/06/2012		30/06/2011		30/06/2010
Total financial charge (Total VI)	GU	41 379	13,9%	36 337	13984,1%	258
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	41 379	13,9%	36 337	13984,1%	258
Exchange losses	GS	0	0%	0	0%	0
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			30/06/2012		30/06/2011		30/06/2010
	Total extraordinary income (Total VII)	HD	28 561	-95,1%	588 238	6683,2%	8 672
	Extraordinary operating income	HA	8 068	-96,0%	202 386	0%	0
	Extraordinary income from capital transactions	HB	20 493	-94,0%	340 614	3827,7%	8 672
	Released provisions and transferred charges	HC	0	0%	45 238	0%	0

Extraordinary charges (VIII)

			30/06/2012		30/06/2011		30/06/2010
	Total extraordinary charges (Total VIII)	HH	189 952	-75,8%	785 638	1636,7%	45 238
	Extraordinary operating charges	HE	116 462	-85,2%	785 638	0%	0
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	73 490	0%	0	0%	45 238

Employee profit sharing (IX)

		30/06/2012		30/06/2011		30/06/2010
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		30/06/2012		30/06/2011		30/06/2010
Tax on profits (Total X)	HK	-56 056	-75,6%	-31 922	-806,2%	4 520

References

		30/06/2012		30/06/2011		30/06/2010
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	10 000
Of which transferred charges	A1	114 732	-83,9%	711 945	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%	132 407	732,9%	15 897

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)

			30/06/2012		30/06/2011		30/06/2010
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	15 805	0%	0
	Decreasess by transfers	OK2	14 461	6,6%	13 560	0%	0
	Gross value at the end of period	OL	1 417 114	6,1%	1 336 190	27,5%	1 048 328

Research and development Charge (Total I)

			30/06/2012		30/06/2011		30/06/2010
	Gross value at begin of period	CZ	58 216	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	39 483	-32,2%	58 216	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	97 699	67,8%	58 216	0%	0

Other budget item from Intangible fixed assets (Total II)

			30/06/2012		30/06/2011		30/06/2010
	Gross value at begin of period	KD	859 392	17,7%	730 000	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	8 287	-93,6%	129 392	-82,3%	730 000
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	8 287	0%	0	0%	0
	Gross value at the end of period	LW	859 392	0%	859 392	17,7%	730 000

Tangible fixed assets (Total III)

			30/06/2012		30/06/2011		30/06/2010
	Gross value at begin of period	LN	389 699	29,9%	300 000	0%	0
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	24 468	-76,8%	105 505	-64,8%	300 000
	Decreasess by budget item transfer	NG1	0	0%	15 806	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	414 167	6,3%	389 699	29,9%	300 000

Fiancial assets (Total IV)

			30/06/2012		30/06/2011		30/06/2010
	Gross value at begin of period	LQ	28 882	57,6%	18 328	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	23 146	-4,0%	24 114	31,6%	18 328
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	6 176	-54,5%	13 560	0%	0
	Gross value at the end of period	NK	45 852	58,8%	28 882	57,6%	18 328

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

			30/06/2012		30/06/2011		30/06/2010
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			30/06/2012		30/06/2011		30/06/2010
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			30/06/2012		30/06/2011		30/06/2010
	Reserve for depreciation value at begin of period	PE	18 234	0%	0	0%	0
Increases		PF	18 222	-0,1%	18 234	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	36 456	99,9%	18 234	0%	0

Total fixed assets amotisation (Total III)

			30/06/2012		30/06/2011		30/06/2010
	Reserve for depreciation value at begin of period	QU	55 439	850,3%	5 834	0%	0
Increases		QV	45 330	-8,6%	49 605	750,4%	5 833
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	100 769	81,8%	55 439	850,4%	5 833

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

	30/06/2012		30/06/2011		30/06/2010
	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
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			30/06/2012		30/06/2011		30/06/2010
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	97 699	67,8%	58 216	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)

			30/06/2012		30/06/2011		30/06/2010
	Value at begining of period	7C	4 570	-89,9%	45 238	0%	0
Increases		UB	73 963	1518,4%	4 570	-89,9%	45 238
Decreases		UC	0	0%	45 238	0%	0
	Value at the end of period	UD	78 533	1618,4%	4 570	-89,9%	45 238

Includes Total allocations

Operating	UE	473	-89,6%	4 570	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	73 490	0%	0	0%	45 238

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	45 233	0%	0

Total regulated provisions (Total I)

			30/06/2012		30/06/2011		30/06/2010
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			30/06/2012		30/06/2011		30/06/2010
	Value at begining of period	5Z	0	0%	45 238	0%	0
Increases		TV	73 490	0%	0	0%	45 238
Decreases		TW	0	0%	45 238	0%	0
	Value at the end of period	TX	73 490	0%	0	0%	45 238

Total Provision for depreciation (Total III)

			30/06/2012		30/06/2011		30/06/2010
	Value at begining of period	7B	4 570	0%	0	0%	0
Increases		TY	473	-89,6%	4 570	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	5 043	10,4%	4 570	0%	0

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

		30/06/2012		30/06/2011		30/06/2010
Gross value	VT	1 633 498	-13,8%	1 894 646	-8,1%	2 061 859
1 year at most	VU	1 503 984	-18,2%	1 839 012	-10,8%	2 061 859
More than one year	VV	129 514	132,8%	55 634	0%	0

State of loans

		30/06/2012		30/06/2011		30/06/2010
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	45 856	58,8%	28 882	57,6%	18 328
Other financial assets (1 year at most)	UV	4 320	-16,4%	5 170	-71,8%	18 328

Receivables statement of assets

		30/06/2012		30/06/2011		30/06/2010
Customers doubtful or disputed	VA	5 925	11,7%	5 304	0%	0
Other claims customer	UX	1 099 732	-5,2%	1 160 031	-34,8%	1 779 097
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	33 497	1,6%	32 982	8625,4%	378
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	65 235	-53,4%	140 084	-11,2%	157 794
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	87 978	175,6%	31 922	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	208 913	-50,7%	424 121	1962,4%	20 564

Prepaid

		30/06/2012		30/06/2011		30/06/2010
Prepaid	VS	86 359	21,1%	71 320	-16,8%	85 698

State Debt

			30/06/2012		30/06/2011		30/06/2010
	Total debt (gross)	VY	4 841 382	-8,5%	5 293 600	75,2%	3 021 445
1 year at most		VZ2	3 258 040	-8,2%	3 549 732	70,2%	2 085 927
More than 1 year and 5 years at most		VZ3	1 583 342	-9,2%	1 743 868	123,4%	780 559
More than 5 years		VZ4	0	0%	0	0%	154 959

Details

			30/06/2012		30/06/2011		30/06/2010
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	105 152	0%	0	0%	229
1 year at most		VG2	105 152	0%	0	0%	229
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	744 408	-15,1%	876 789	75,4%	500 000
1 year at most		VH2	161 066	21,2%	132 921	106,1%	64 482
More than 1 year and 5 years at most		VH3	583 342	-21,6%	743 868	165,1%	280 559
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	1 324 472	-28,3%	1 847 387	77,2%	1 042 479
1 year at most		8B2	1 324 472	-28,3%	1 847 387	77,2%	1 042 479
More than 1 year and 5 years at most		8B3	1 324 472	-28,3%	1 847 387	77,2%	1 042 479
	Personnel and associated accounts (gross)	8C1	601 630	20,7%	498 528	23,3%	404 331
1 year at most		8C2	601 630	20,7%	498 528	23,3%	404 331
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	364 992	2,1%	357 384	32,8%	269 045
1 year at most		8D2	364 992	2,1%	357 384	32,8%	269 045
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	4 520
1 year at most		8E2	0	0%	0	0%	4 520
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	55 016	1165,9%	4 346	-97,4%	164 353
1 year at most		VW2	55 016	1165,9%	4 346	-97,4%	164 353
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	61 887	263,0%	17 049	-6,4%	18 212
1 year at most		VQ2	61 887	263,0%	17 049	-6,4%	18 212
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	7 825	-84,2%	49 628	38,3%	35 880
1 year at most		8J2	7 825	-84,2%	49 628	38,3%	35 880
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	1 000 000	0%	1 000 000	100%	500 000
1 year at most		VI2	0	0%	0	0%	0
More than 1 year and 5 years at most		VI3	1 000 000	0%	1 000 000	100%	500 000
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	576 000	-10,3%	642 490	679,8%	82 396
1 year at most		8K2	576 000	-10,3%	642 490	679,8%	82 396
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		30/06/2012		30/06/2011		30/06/2010
Loans made during the period	VJ	0	0%	500 000	0%	500 000
Debt repaid during the period	VK	132 381	7,4%	123 211	0%	0

Table allocation results and other information
Dividends distributed

		30/06/2012		30/06/2011		30/06/2010
Dividends	ZE	0	0%	0	0%	0

Commitments

		30/06/2012		30/06/2011		30/06/2010
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

		30/06/2012		30/06/2011		30/06/2010
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		30/06/2012		30/06/2011		30/06/2010
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		30/06/2012		30/06/2011		30/06/2010
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		30/06/2012		30/06/2011		30/06/2010
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		30/06/2012		30/06/2011		30/06/2010
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		30/06/2012		30/06/2011		30/06/2010	Sector Median 2012
Fixed Asset Financing		1,83	-18,3%	2,24	-8,2%	2,44	1,99	-8,0%
Global Debt		178 days	-1,1%	180 days	69,8%	106 days	144 days	23,6%
Working Capital Fund overall net		43 days	-24,6%	57 days	7,5%	53 days	53 days	-18,9%
Financial independence		59,70%	-46,4%	111,36%	-63,0%	301%	319,03%	-81,3%
More ratios
Solvability		10,96%	-33,0%	16,35%	-50,3%	32,93%	27,71%	-60,4%
Capacity debt futures		227,21%	-70,8%	778,35%	-66,5%	2326,77%	1004%	-77,4%
Coverage of current assets by net working capital overall		27,98%	-13,8%	32,47%	-13,8%	37,66%	34,23%	-18,3%
General Liquidity		0,46	-11,5%	0,52	-47,5%	0,99	0,41	12,2%
Restricted Liquidity		0,51	-20,3%	0,64	-58,2%	1,53	0,74	-31,1%

Management or rotation

		30/06/2012		30/06/2011		30/06/2010	Sector Median 2012
Need background in operating working capital		39 days	0%	39 days	290,0%	10 days	14 days	178,6%
Treasury		1 days	-93,3%	15 days	-62,5%	40 days	8 days	-87,5%
Inventory turnover of goods		219 days	0%	0 days	0%	0 days	97 days	125,8%
Average length of credit granted to customers		41 days	2,5%	40 days	-89,3%	375 days	32 days	28,1%
Average length of credit obtained suppliers		77 days	6,9%	72 days	-78,2%	330 days	60 days	28,3%
More ratios
Inventory turnover of raw materials in industrial enterprises		138 days	3,0%	134 days	36,7%	98 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	2715 days	377,2%	569 days	1710 days	-
Rotation tangible assets		2362%	-13,0%	2714,97%	377,4%	568,71%	1894,48%	24,7%

Profitability of the business

		30/06/2012		30/06/2011		30/06/2010	Sector Median 2012
Margin trading		58,32%	49,5%	39,02%	-44,9%	70,85	33,03%	76,6%
Profitability of the business		-3,43	55,4%	-7,69	-293,2%	3,98	2,67%	-228,5%
Net profit		-4,39%	1,3%	-4,45%	-1448,5%	0,33%	1,44%	-404,9%
More ratios
Growth rate of turnover (excluding VAT)		-7,54%	-101,4%	520,13%	-	%	-0,85%	-787,1%
Rates integration		36,75%	10,6%	33,23%	-38,6%	54,13%	18,50%	98,6%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		102,55%	-13,2%	118,10%	30,7%	90,37%	70,71%	45,0%
Weight interests		0,42	23,5%	0,34%	1600%	0,02%	0,21%	100%

Return on capital

		30/06/2012		30/06/2011		30/06/2010	Sector Median 2012
Cash flow from the overall profitability		-3,03%	58,8%	-7,35%	-360,6%	2,82%	2,10%	-244,3%
Rates of economic profitability		-14%	50,0%	-28%	-1033,3%	3%	12%	-216,7%
Financial profitability		604875%	-41,5%	1034592%	-31,3%	1505674%	37618,50%	1507,9%
Return on investment		-15,82%	-6,0%	-14,93%	-6320,8%	0,24%	9,90%	-259,8%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/06/2012		30/06/2011		30/06/2010	Sector Median 2012
Turnover	9 782 627	-7,5%	10 580 204	520,1%	1 706 136	447 599 €	2085,6%

Sales of goods	9 672 261	-7,2%	10 426 092	513,8%	1 698 675
- Purchase of goods	3 810 453	-39,5%	6 297 876	1185,4%	489 959
+/- Stock of goods variation	156 841	0%	0	0%	0
Trading margin	5 704 967 €	38,2%	4 128 216 €	241,5%	1 208 716 €	125 611,50 €	4441,8%
	58,32 % CA	49,5%	39,02 % CA	-44,9%	70,85 % CA	33,94 % CA	71,8%

Sale of goods produced	110 366	-28,4%	154 112	1965,6%	7 461
+/- Stocked production	0	0%	2 211 057	520,8%	356 144
+ Self-constructed assets	0	0%	0	0%	0
Period production	110 366 €	-95,3%	2 365 169 €	550,5%	363 605 €	2 616,50 €	4118,1%
	1,13 % CA	-94,9%	22,35 % CA	4,9%	21,31 % CA	1,15 % CA	-1,7%

Trading margin	5 704 967	38,2%	4 128 216	241,5%	1 208 716	125 611,50	4441,8%
+ Period Production	110 366	-95,3%	2 365 169	550,5%	363 605	2 616,50	4118,1%
- Purchase of raw materials	217 830	-42,5%	379 092	2754,0%	13 283
+/- Change in stocks of raw materiels	44 689	128,0%	-159 750	-2793,0%	-5 522
- Other external purchases and charges	1 957 715	-29,0%	2 758 592	330,4%	641 003
Added value	3 595 099 €	2,3%	3 515 451 €	280,6%	923 557 €	89 285 €	3926,5%
	36,75 % CA	10,6%	33,23 % CA	-38,6%	54,13 % CA	18,50 % CA	98,6%

Added value	3 595 099 €	2,3%	3 515 451 €	280,6%	923 557 €	89 285 €	3926,5%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	243 527	37,4%	177 272	742,4%	21 044
- Personal charges	3 686 898	-11,2%	4 151 615	397,4%	834 642
Gross operating surplus	-335 326 €	58,8%	-813 436 €	-1298,5%	67 871 €	10 705 €	-3232,4%
	-3,43 % CA	55,4%	-7,69 % CA	-293,2%	3,98 % CA	2,67 % CA	-228,5%

Gross operating surplus	-335 326 €	58,8%	-813 436 €	-1298,5%	67 871 €	10 705 €	-3232,4%
+ Release of reserves and provisions	114 732	-83,9%	711 945	0%	0
+ Other operating income	0	0%	6 398	0%	0
- Depreciation/Amortisation	80 993	-3,6%	84 052	1341,0%	5 833
- Other charges	22 010	-86,0%	157 297	888,2%	15 918
Operating result	-323 597 €	3,8%	-336 442 €	-829,5%	46 120 €	8 191,50 €	-4050,4%
	-3,31 % CA	-4,1%	-3,18 % CA	-217,8%	2,70 % CA	1,99 % CA	-266,3%

Operating result	-323 597 €	3,8%	-336 442 €	-829,5%	46 120 €	8 191,50 €	-4050,4%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	40 595	-39,6%	67 173	7372,0%	899
- Financial charges	41 379	13,9%	36 337	13984,1%	258
Pre-tax result	-324 381 €	-6,1%	-305 606 €	-753,5%	46 761 €	7 034 €	-4711,6%
	-3,32 % CA	-14,9%	-2,89 % CA	-205,5%	2,74 % CA	1,63 % CA	-303,7%

Extraordinary income	28 561	-95,1%	588 238	6683,2%	8 672	0	0%
- Extraordinary charges	189 952	-75,8%	785 638	1636,7%	45 238
Extraordinary result	-161 391 €	18,2%	-197 400 €	-439,8%	-36 566 €	0 €	0%
	-1,65 % CA	11,8%	-1,87 % CA	12,6%	-2 % CA	0 % CA	0%

Pre-tax result	-324 381 €	-6,1%	-305 606 €	-753,5%	46 761 €	7 034 €	-4711,6%
Extraordinary result	-161 391 €	18,2%	-197 400 €	-439,8%	-36 566 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	-56 056	-75,6%	-31 922	-806,2%	4 520
Net result	-429 716 €	8,8%	-471 084 €	-8401,0%	5 675 €	6 997 €	-6241,4%
	-4,39 % CA	1,3%	-4,45 % CA	-1448,5%	0,33 % CA	1,44 % CA	-404,9%

ADDITIONAL INFORMATION

Other establishments

Branches	7 branch entities in this company
Head office	> NEW OLYMPIA <<<  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in ROMILLY SUR SEINE  (10100)
Secondary establishments	>  NEW OLYMPIA  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in SAINT JULIEN LES VILLAS  (10800) >  NEW OLYMPIA  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in ROUBAIX  (59100) >  NEW OLYMPIA  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in TALANGE  (57525) >  NEW OLYMPIA  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in VELIZY VILLACOUBLAY  (78140) > ...

Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce in same area
Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 80 to 99% of workforce

Workforces

Workforce at address

Workforce unknown

Company workforce

Workforce unknown

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Linkages

Linkages

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
04/02/2013	Bodacc C	Comptes annuels et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 751 - 522134279 RCS. NEW OLYMPIA. Forme : Société par actions simplifiée. Adresse : avenue Joseph Marie Jacquard 10100 Romilly-sur-Seine. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2012.
07/01/2013	JAL	Continuation of activity in spite of stockholders' equity become lower in the middle of the share capital
Petites Affiches Matot Braine (Les) Date de décision : 23/11/2012 Poursuite d'activité malgré des fonds propres devenus inférieurs à la moitié du capital social de la société 522134279 -  NEW OLYMPIA, AV JOSEPH MARIE JACQUARD, 10100 ROMILLY SUR SEINE Date d'effet : 23/11/2012
31/01/2012	Bodacc C	Comptes annuels et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 1302 - 522134279 RCS. NEW OLYMPIA. Forme : Société par actions simplifiée. Adresse : avenue Joseph Marie Jacquard 10100 Romilly-sur-Seine. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2011.
14/03/2011	Bodacc C	Comptes annuels et rapports
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 707 - 522134279 RCS. NEW OLYMPIA. Forme : Société par actions simplifiée. Adresse : avenue Joseph Marie Jacquard 10100 Romilly-sur-Seine. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2010.
16/07/2010	Bodacc B	Modification et mutation diverse
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 178 - 522 134 279 RCS Troyes. NEW OLYMPIA. Forme : Société par actions simplifiée. Capital : 1500000 EUR. Commentaires : Modification survenue sur le capital.
11/07/2010	JAL	Modification of the share capital
LES PETITES AFFICHES MATOT BRAINE Date de décision : 10/05/2010 La société : 522134279 - NEW OLYMPIA, AV JOSEPH MARIE JACQUARD, 10100 ROMILLY SUR SEINE a subi une augmentation de son capital social désormais de 1 500 000 €
04/06/2010	Bodacc A	Création d'établissement
10 - AUBE GREFFE DU TRIBUNAL DE COMMERCE DE TROYES 165 - 522 134 279 RCS Troyes. NEW OLYMPIA. Forme : Société par actions simplifiée. Enseigne : OLYMPIA. Administration : Président : MERLET Jean, Françoise, Michel Commissaire aux comptes titulaire : PRICE WATHERHOUSE COOPERS Commissaire aux comptes suppléant : NICOLAS Yves. Capital : 500000 EUR. Adresse : avenue Joseph Marie Jacquard, 10100 Romilly-sur-Seine. Origine du fonds : Fonds acquis dans le cadre d'une procédure collective. Etablissement : Etablissement principal. Activité : La création, l'acquisition opu la fabrication et la distribution d'articles chaussants à mailles et plus largement la création, la fabrication oul'acquisition et la distribution d'articles d'habillement ou de mode. Adresse : avenue Joseph Marie Jacquard, 10100 Romilly-sur-Seine. Précédent propriétaire : OLYMPIA. 602 881 252 RCS Troyes. Précédent exploitant : OLYMPIA. 602 881 252 RCS Troyes. A dater du : 29/04/2010. Date de commencement de l’activité : 20/04/2010. Descriptif : . Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

Company events history

Date	Description
19/10/2013	Update Rating
19/10/2013	Update Limit
11/05/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
04/02/2013	Bodacc C : Deposit accounts notice
11/01/2013	Amendment
11/01/2013	Continuation of business despite loss of equity
23/11/2012	Legal Gazette: Continuation of activity
30/06/2012	New accounts available
31/01/2012	Bodacc C : Deposit accounts notice
21/01/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	Update of Company Workforce
31/12/2011	Update of Company Activity
31/12/2011	Modification of Company Activity
30/06/2011	New accounts available
14/03/2011	Bodacc C : Deposit accounts notice
16/07/2010	Bodacc B: Various editing or changing
30/06/2010	New accounts available
29/06/2010	Capital increase
29/06/2010	Updated articles of association
29/06/2010	Amendment
29/06/2010	Audit or Management Report
04/06/2010	Bodacc A : Establishment creation
10/05/2010	Legal Gazette: Modification of the share capital
10/05/2010	Update of Company Workforce
10/05/2010	Other modification of Establishment
01/05/2010	Update of Company Workforce
01/05/2010	Formation of Establishment
29/04/2010	Amendment
29/04/2010	Company formation
29/04/2010	Private document
24/04/2010	Other modification of Establishment
20/04/2010	Formation of Company

Establishment events history

Date	Description
19/06/2013	Update of phone numbers
11/05/2013	Update Limit
11/05/2013	Update Rating
09/03/2013	Update Limit
09/03/2013	Update Rating
16/01/2013	Update Rating
16/01/2013	Update Limit
06/11/2012	Update Rating
05/10/2012	Update Rating
05/10/2012	Update Limit
01/09/2012	Update Limit
01/09/2012	Update Rating
21/01/2012	Update Rating
21/01/2012	Update Limit
31/12/2011	Modification of Head office
31/12/2011	Update of Establishment Workforce
21/10/2011	Update Rating
31/08/2011	Update Limit
01/05/2010	Modification of Head office
24/04/2010	Modification of Head office
20/04/2010	Formation of Head office

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.

Ongoing business despite loss of more than half of the capital within the last 12 months

The deviation of the current ratio over the past two years is less than 80%

The return on total assets employed is negative

The pre-tax profit is less than 25,000€

The company is 3 years old

The debtor days are 59.05

The ratio total assets to total liabilities is 1,12

The sales to current assets ratio is 2,29

The tangible fixed assets are 313,398 €

Industry code with low risk rating

The deviation of shareholder's equity over the past two years is more than 75%

The shareholder's equity is more than 250,000€

The liquidity acid test is more than 65%

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.62
UK Pound	1	Rs.100.84
Euro	1	Rs.84.98

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.