MIRA INFORM REPORT

Report Date :

05.02.2013

IDENTIFICATION DETAILS

Name :	SODITEX
Registered Office :	30 Av Lepic 34070 Montpellier
Country :	France
Financials (as on) :	30.09.2011
Date of Incorporation :	October 1997
Com. Reg. No.:	RCS Montpellier 0 414 115 634
Legal Form :	Limited Liability Company
Line of Business :	Wholesale (intercompany trade) unskilled
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Slow 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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2011)	Current Rating (30.06.2012)
France	A1	A1

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

FRANCE - ECONOMIC OVERVIEW

France was transitioning from an economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms but is in the midst of a euro-zone crisis. The government has partially or fully privatized many large companies, banks, and insurers, and has ceded stakes in such leading firms as Air France, France Telecom, Renault, and Thales. It maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 75 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. The unemployment rate increased from 7.4% in 2008 to 9.3% in 2010 and 9.1% in 2011. Lower-than-expected growth and increased unemployment have cut government revenues and increased borrowing costs, contributing to a deterioration of France's public finances. The government budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 5.8% of GDP in 2011, while France's public debt rose from 68% of GDP to 86% over the same period. Under President SARKOZY, Paris implemented austerity measures that eliminated tax credits and froze most government spending in an effort 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 levels. Socialist Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, as well as measures such as forcing banks to separate their traditional deposit taking and lending activities from more speculative businesses, increasing taxes on bank profits, introducing a new top bracket on income taxes for people earning over €1 million ($1.3 million) a year, and hiring an additional 60,000 civil servants during his five-year term of office.

Source : CIA

Company name and address

Top of Form

Name

SODITEX

SIRET

414 115 634 00035

Personal comment

company summary

Branch Address	8 Rue Edouard 7 Res Edouard 7 34 070 Montpellier, France	EUR VAT Number	FR14414115634
Activity (APE)	Wholesale (intercompany trade) unskilled (4690Z)	Legal form	Limited Liability Company
Phone		RCS Registration	RCS Montpellier 0 414 115 634
Fax		Share capital	24,000 Euros
Address	SODITEX 30 AV LEPIC 34070 MONTPELLIER	Incorporated Date	10/1997
Nationality	France	Status	Economically active

Current Directors

1

Trading to Date	09/30/2011	09/30/2010	09/30/2009
Turnover	99,383 €	109,119 €	22,711 €
Gross Operating Surplus	8,06 % Turnover	10,94 % Turnover	18,22 % Turnover
Shareholders’ equity	17,879 €	17,481 €	4,870 €
Net result	398 €	12,611 €	3,853 €
Employees	0 employee

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) non spécialisé (4690Z)
RCS Registration	RCS Montpellier 0 414 115 634	Share capital	24,000 Euros
Registration Court	Montpellier (34)	Legal form	Limited Liability Company
Court Registry Number	20 0 0B003	EUR VAT Number	FR14414115634
Incorporation Date	10/1997	Formation Date	10/1997
Deregistration Date		Last account Date	30/09/2011
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) non spécialisé (4690Z)	Business Pages FT®
Postal Address	SODITEX 30 AV LEPIC 34070 MONTPELLIER	Trading Address	30 AVENUE LEPIC 34070 MONTPELLIER
Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	09/2012	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Languedoc-Roussillon
District		Area
City	MONTPELLIER	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> SODITEX <<< - Commerce de gros (commerce interentreprises) non spécialisé (4690Z) in MONTPELLIER (34070)
Secondary establishments	> SODITEX - Commerce de gros (commerce interentreprises) non spécialisé (4690Z) in MONTPELLIER (34070)

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

Workforces

Workforce at address

Workforce unknown

Company workforce

0 employee

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/09/2011	30/09/2010	30/09/2009
Account period (month)	12	12	12
Account Type	Simple	Simple	Simple
Deposit date	03/11/2012	29/03/2011	-
Activity Code	4690Z	4690Z	4690Z
Employees	0	0	0

Active account

Annual Accounts	30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Capital not called	-	-	-	-	-	0	-
Total fixed assets	7 136	0%	0	0%	0	6 495	9,9%
- Intangible assets	3 644	0%	0	0%	0	0	0%
- Tangible assets	3 492	0%	0	0%	0	2 054	70,0%
- Financial assets	0	0%	0	0%	0	64	0%
Net current assets	75 444	51,6%	49 760	105,4%	24 226	116 737	-35,4%
- Stocks	0	0%	0	0%	0	9 733	0%
- Advanced payments	0	51,6%	0	0%	0	0	0%
- Receivables	74 306	52,8%	48 622	105,5%	23 663	41 021	81,1%
- Securities and cash	563	0%	563	0%	563	19 187	-97,1%
- Prepaid expenses	575	0%	575	0%	0	0	0%
Accounts of regularization	-	-	-	-	-	0	-
Total Assets	82 580	66,0%	49 760	105,4%	24 226	142 633	-42,1%

Passive Account

Annual Accounts	30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Shareholders' equity	17 879	2,3%	17 481	259,0%	4 870	35 375	-49,5%
Share capital	24 000	0%	24 000	0%	24 000	8 000	200%
Other capital resources	-	-	-	-	-	0	-
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	64 701	100,4%	32 280	66,8%	19 356	91 088	-29,0%
- Financial liabilities	55 153	268,9%	14 951	10,1%	13 574	8 756	529,9%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	1 961	-54,6%	4 320	14,7%	3 767	23 112	-91,5%
- Tax and social liabilities	-	-	-	-	-	19 755	-
- Other debts and fixed assets liabilities	7 587	-41,7%	13 009	545,6%	2 015	3 776	100,9%
Account regularization	-	-	-	-	-	0	-
Total liabilities	82 580	66,0%	49 761	105,4%	24 226	142 632	-42,1%

Results

Annual Accounts	30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Sales of Goods	99 383	-8,9%	109 119	380,5%	22 711	220 483	-54,9%
Net turnover	99 383	-8,9%	109 119	380,5%	22 711	215 849	-54,0%
- of which net export turnover	99 383	-8,9%	109 119	380,5%	22 711	0	0%
Operating charges	94 605	-2,6%	97 176	423,2%	18 573	212 033	-55,4%
Operating profit/loss	4 778	-60,0%	11 943	188,6%	4 138	6 499	-26,5%
Financial income	854	-59,2%	2 092	7648,1%	27	0	0%
Financial charges	5 178	263,9%	1 423	357,6%	311	331	1464,4%
Financial profit/loss	-4 324	-746,3%	669	335,6%	-284	-78	-5443,6%
Pretax net operating income	454	-96,4%	12 612	227,2%	3 854	5 982	-92,4%
Extraordinary income	0	0%	0	0%	1 170	0	0%
Extraordinary charges	56	0%	0	0%	1 170	40	40,0%
Extraordinary profit/loss	-56	0%	0	0%	0	0	0%
Net result	398	-96,8%	12 611	227,3%	3 853	5 747	-93,1%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets

Grand Total - Active account (I + II)

			30/09/2011		30/09/2010		30/09/2010
	Grand Total (I + II)	Net	82 580	66,0%	49 760	105,4%	24 227
	Gross	110	85 811	72,4%	49 760	105,4%	24 227
	Amortisation	112	3 231	0%	0	0%	0

Active fixed asset (I)

			30/09/2011		30/09/2010		30/09/2010
	Total Active fixed asset (I)	Net	7 136	0%	0	0%	0
	Gross	044	10 367	0%	0	0%	0
	Amortisation	048	3 231	0%	0	0%	0
	Intangible assets: Goodwill	Net	0	0%	0	0%	0
	Gross	10	0	0%	0	0%	0
	Amortisation	12	0	0%	0	0%	0
	Other intangible fixed assets	Net	3 644	0%	0	0%	0
	Gross	14	5 588	0%	0	0%	0
	Amortisation	16	1 944	0%	0	0%	0
	Tangible Assets	Net	3 492	0%	0	0%	0
	Gross	28	4 779	0%	0	0%	0
	Amortisation	30	1 287	0%	0	0%	0
	Immobilization Financial	Net	0	0%	0	0%	0
	Gross	40	0	0%	0	0%	0
	Accumulated depreciation	42	0	0%	0	0%	0

Assets (II)

			30/09/2011		30/09/2010		30/09/2010
	Total assets (II)	Net	75 444	51,6%	49 760	105,4%	24 226
	Gross	96	75 444	51,6%	49 760	105,4%	24 226
	Amortisation	98	0	0%	0	0%	0
	Raw materials stock, supply, in production	Net	0	0%	0	0%	0
	Gross	50	0	0%	0	0%	0
	Amortisation	52	0	0%	0	0%	0
	Goods for resale	Net	0	0%	0	0%	0
	Gross	60	0	0%	0	0%	0
	Amortisation	62	0	0%	0	0%	0
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	64	0	0%	0	0%	0
	Amortisation	66	0	0%	0	0%	0
	Trade accounts receivable debtor	Net	68 318	0%	0	0%	0
	Gross	68	68 318	0%	0	0%	0
	Amortisation	70	0	0%	0	0%	0
	Other debtors	Net	5 988	-87,7%	48 622	105,5%	23 663
	Gross	72	5 988	-87,7%	48 622	105,5%	23 663
	Amortisation	74	0	0%	0	0%	0
	Investment securities	Net	0	0%	0	0%	0
	Gross	80	0	0%	0	0%	0
	Amortisation	82	0	0%	0	0%	0
	Cash and cash equivalents	Net	563	0%	563	0%	563
	Gross	84	563	0%	563	0%	563
	Amortisation	86	0	0%	0	0%	0
	Cash	88 Net	0	0%	0	0%	0
	Prepaid expenses	Net	575	0%	575	0%	0
	Gross	92	575	0%	575	0%	0
	Amortisation	94	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive

Grand Total - Passive Accounts (I + II + III)

		30/09/2011		30/09/2010		30/09/2009
Grand Total (I+II+III)	180	82 580	66,0%	49 760	105,4%	24 227

Shareholder Equity (I)

			30/09/2011		30/09/2010		30/09/2009
	Total Shareholder Equity	142	17 879	2,3%	17 481	259,0%	4 870
	Equity and shareholders' equity	120	24 000	0%	24 000	0%	24 000
	Revaluation differentials	124	0	0%	0	0%	0
	Legal reserve	126	762	0%	762	0%	762
	Special regulated reserves	130	0	0%	0	0%	0
	Other reserves	132	0	0%	0	0%	0
	Profits or losses brought forward	134	-7 281	63,4%	-19 892	16,2%	-23 745
	Profit or loss for the period	136	398	-96,8%	12 611	227,3%	3 853
	Special tax-allowable reserves	140	0	0%	0	0%	0

Provisions for risks and charges (II)

		30/09/2011	30/09/2010	30/09/2009
Provisions for risks and charges (II)	154	0	0	0

Liabilities (III)

			30/09/2011		30/09/2010		30/09/2009
	Total Liabilities (III)	176	64 701	100,4%	32 280	66,8%	19 356
	Loans & debts assimilated	156	55 153	268,9%	14 951	10,1%	13 574
	Advance payments received for current orders	164	0	0%	0	0%	0
	Trade accounts payables	166	1 961	-54,6%	4 320	14,7%	3 767
	Other debts	172	7 587	-41,7%	13 009	545,6%	2 015
	Other creditors whose accounts of associates of the exercise N	169	0	0%	0	0%	0
	Deferred income	174	0	0%	0	0%	0

References

		30/09/2011		30/09/2010		30/09/2009
Including Fiancial assets of -1 year	193	0	0%	0	0%	0
Including debts after one year	197	0	0%	0	0%	0
Including current accounts receivable associated	199	0	0%	0	0%	0
Including debts + 1 year	195	0	0%	0	0%	0
Cost of return of capital assets acquired or created during the year	182	0	0%	0	0%	0
Selling price excluding VAT capital surrendered during the year	184	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Simplified Income statement
Taxable income

A - Account result
1 - Operating result (I-II)

		30/09/2011		30/09/2010		30/09/2009
Operating result	270	4 778	-60,0%	11 943	188,6%	4 138

2 - Profit or loss (I + II + IV) - Charges (II + V + VI + VII)

		30/09/2011		30/09/2010		30/09/2009
Profit or loss	310	398	-96,8%	12 611	227,3%	3 853

Operating income (I)

			30/09/2011		30/09/2010		30/09/2009
	Total operating income without VAT (Total I)	232	99 383	-8,9%	109 119	380,5%	22 711
	Sale of goods for resale	210	0	0%	0	0%	0
	Export	209	0	0%	0	0%	0
	Sale of goods produced	214	9 480	0%	0	0%	0
	Export	215	9 480	0%	0	0%	0
	Sale of services	218	89 903	-17,6%	109 119	380,5%	22 711
	Export	217	89 903	-17,6%	109 119	380,5%	22 711
	Stocked production	222	0	0%	0	0%	0
	Self-constructed assets	224	0	0%	0	0%	0
	Operating grants	226	0	0%	0	0%	0
	Other income	230	0	0%	0	0%	0

Operating charges (II)

			30/09/2011		30/09/2010		30/09/2009
	Total operating charges (Total II)	264	94 605	-2,6%	97 176	423,2%	18 573
	Purchase of goods for resale (including customs duties)	234	9 719	96,4%	4 949	1381,7%	334
	Change in stocks of goods for resale	236	0	0%	0	0%	0
	Purchase of raw materials (including customs duties)	238	0	0%	0	0%	0
	Change in stocks of raw materials	240	0	0%	0	0%	0
	Other external purchases and charges	242	58 362	-12,0%	66 320	311,4%	16 119
	Includes lease - furniture	242_2	0	0%	0	0%	0
	Includes lease - real estate	242_1	0	0%	0	0%	0
	Tax, duty and similar payments	244	1 749	15,8%	1 510	339,0%	344
	Including business tax	243	0	0%	0	0%	0
	Payroll	250	21 544	-11,7%	24 397	1273,7%	1 776
	Social security costs	252	0	0%	0	0%	0
	Depreciation	254	3 231	0%	0	0%	0
	Provisions	256	0	0%	0	0%	0
	Other charges	262	0	0%	0	0%	0
	Including provisions for tax settlements abroad	259	0	0%	0	0%	0

Products and various charges (III to VII)

		30/09/2011		30/09/2010		30/09/2009
Financial Products (Total III)	280	854	-59,2%	2 092	7648,1%	27
Extraordinary income (Total IV)	290	0	0%	0	0%	1 170
Financial charges (Total V)	294	5 178	263,9%	1 423	357,6%	311
Extraordinary charges (Total VI)	300	56	0%	0	0%	1 170
Income taxes (Total VII)	306	0	0%	0	0%	0

B - Taxable income

		30/09/2011		30/09/2010		30/09/2009
Compensation and benefits non-deductible personal	316	0	0%	0	0%	0
Amount VAT collected	374	0	0%	0	0%	0
Deductible VAT on goods and services	378	0	0%	0	0%	0
Average number of employees	376	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomer tax return forms
Capital gains, losses | Summary of Provisions - Depreciation Derogatory

Assets

			30/09/2011		30/09/2010		30/09/2009
	Gross asset value at beginning of year	490	0	0%	0	0%	0
	Increases	492	10 367	0%	0	0%	0
	Decreasess	494	0	0%	0	0%	0

Intangible fixed assets

		30/09/2011		30/09/2010		30/09/2009
Goodwill (Increases)	402	0	0%	0	0%	0
Goodwill (Decreases)	404	0	0%	0	0%	0
Others (Increases)	412	5 588	0%	0	0%	0
Others (Decreases)	414	0	0%	0	0%	0

Tangilble fixed assets (Increases)

		30/09/2011		30/09/2010		30/09/2009
Lands	422	0	0%	0	0%	0
Buildings	432	0	0%	0	0%	0
Plant machinery and equipment industry	442	0	0%	0	0%	0
General installations various fixtures	452	0	0%	0	0%	0
Transportation Equipment	462	0	0%	0	0%	0
Other fixed assets	472	4 779	0%	0	0%	0

Financial assets

		30/09/2011		30/09/2010		30/09/2009
Increases	482	0	0%	0	0%	0
Decreases	484	0	0%	0	0%	0

Capital gains, losses

		30/09/2011		30/09/2010		30/09/2009
Total Residual Value	582	0	0%	0	0%	0
Total Transfer pricing	584	0	0%	0	0%	0
Total Plus or losses in the short term	596	0	0%	0	0%	0
Total Plus or losses in the long term	598	0	0%	0	0%	0

Summary of Provisions - Depreciation Derogatory

			30/09/2011		30/09/2010		30/09/2009
	Total Provisions (increases)	682	0	0%	0	0%	0
	Provisions regulated - Depreciation Derogatory	602	0	0%	0	0%	0
	Provisions regulated - Including exceptional increases of 30%	603	0	0%	0	0%	0
	Other Provisions regulated	612	0	0%	0	0%	0
	Provisions for risks and charges	622	0	0%	0	0%	0
	Provisions for losses - On Capital	632	0	0%	0	0%	0
	Provisions for losses - and current stocks	642	0	0%	0	0%	0
	Provisions for losses - clients and accounts payable	652	0	0%	0	0%	0
	Other Provisions for losses	662	0	0%	0	0%	0
	Total Provisions (decreases)	684	0	0%	0	0%	0
	Provisions regulated - Depreciation Derogatory	604	0	0%	0	0%	0
	Provisions regulated - Including exceptional increases of 30%	605	0	0%	0	0%	0
	Other Provisions regulated	614
	Provisions for risks and charges	624	0	0%	0	0%	0
	Provisions for losses - On Capital	634	0	0%	0	0%	0
	Provisions for losses - and current stocks	644	0	0%	0	0%	0
	Provisions for losses - clients and accounts payable	654	0	0%	0	0%	0
	Other Provisions for losses	664	0	0%	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

		30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Fixed Asset Financing		7,36	-		-		3,02	143,7%
Global Debt		234 days	118,7%	107 days	-65,1%	307 days	120 days	95,0%
Working Capital Fund overall net		239 days	123,4%	107 days	-63,4%	292 days	57 days	319,3%
Financial independence		32,42%	-72,3%	116,92%	225,9%	35,88%	245,28%	-86,8%
More ratios
Solvability		21,65%	-38,4%	35,13%	74,8%	20,10%	28,13%	-23,0%
Capacity debt futures		%	-	%	-	%	724,52%	-
Coverage of current assets by net working capital overall		88,02%	33,5%	65,94%	-13,4%	76,13%	39,14%	124,9%
General Liquidity		1,15	-23,8%	1,51	23,8%	1,22	0,60	91,7%
Restricted Liquidity		1,16	-23,7%	1,52	21,6%	1,25	1,04	11,5%

Management or rotation

		30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Need background in operating working capital		235 days	128,2%	103 days	-63,6%	283 days	15 days	1466,7%
Treasury		0 days	0%	0 days	0%	0 days	6 days	0%
Inventory turnover of goods		0 days	0%	0 days	0%	0 days	46 days	0%
Average length of credit granted to customers		247 days	0%	0 days	0%	0 days	46 days	437,0%
Average length of credit obtained suppliers		10 days	-54,5%	22 days	-73,2%	82 days	50 days	-80,0%
More ratios
Inventory turnover of raw materials in industrial enterprises		days	-	days	-	days	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1575 days	-
Rotation tangible assets		2079,58%	-	%	-	%	2107,71%	-1,3%

Profitability of the business

		30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Margin trading		-9,78%	-115,4%	-4,54%	-208,8%	-1,47	23,59%	-141,5%
Profitability of the business		8,06	-26,3%	10,94	-40,0%	18,22	3,84%	109,9%
Net profit		0,40%	-96,5%	11,56%	-31,9%	16,97%	2,18%	-81,7%
More ratios
Growth rate of turnover (excluding VAT)		%	-	%	-	%	5,56%	-
Rates integration		31,50%	-9,2%	34,69%	25,9%	27,55%	18,21%	73,0%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		68,83%	6,8%	64,46%	127,1%	28,38%	53,45%	28,8%
Weight interests		5,21	300,8%	1,30%	-5,1%	1,37%	0,14%	3621,4%

Return on capital

		30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Cash flow from the overall profitability		3,65%	-68,4%	11,56%	-31,9%	16,97%	3,26%	12,0%
Rates of economic profitability		10,97%	-70,2%	36,82%	64,1%	22,44%	18%	-39,1%
Financial profitability		2,23%	-96,9%	72,14%	-8,8%	79,12%	8101%	-100,0%
Return on investment		7,64%	-82,3%	43,27%	91,6%	22,58%	13,80%	-44,6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/09/2011		30/09/2010		30/09/2009	Sector Median 2011
Turnover	99 383	-8,9%	109 119	380,5%	22 711	215 849 €	-54,0%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	9 719	96,4%	4 949	1381,7%	334
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	-9 719 €	-96,4%	-4 949 €	-1381,7%	-334 €	40 521 €	-124,0%
	-9,78 % CA	-115,4%	-4,54 % CA	-208,8%	-1,47 % CA	25,83 % CA	-137,9%

Sale of goods produced	99 383	-8,9%	109 119	380,5%	22 711
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	99 383 €	-8,9%	109 119 €	380,5%	22 711 €	9 572 €	938,3%
	100,00 % CA	0%	100,00 % CA	0%	100,00 % CA	6,03 % CA	1558,4%

Trading margin	-9 719	-96,4%	-4 949	-1381,7%	-334	40 521	-124,0%
+ Period Production	99 383	-8,9%	109 119	380,5%	22 711	9 572	938,3%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	58 362	-12,0%	66 320	311,4%	16 119
Added value	31 302 €	-17,3%	37 850 €	504,8%	6 258 €	45 296 €	-30,9%
	31,50 % CA	-9,2%	34,69 % CA	25,9%	27,55 % CA	18,21 % CA	73,0%

Added value	31 302 €	-17,3%	37 850 €	504,8%	6 258 €	45 296 €	-30,9%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	1 749	15,8%	1 510	339,0%	344
- Personal charges	21 544	-11,7%	24 397	1273,7%	1 776
Gross operating surplus	8 009 €	-32,9%	11 943 €	188,6%	4 138 €	9 019 €	-11,2%
	8,06 % CA	-26,3%	10,94 % CA	-40,0%	18,22 % CA	3,84 % CA	109,9%

Gross operating surplus	8 009 €	-32,9%	11 943 €	188,6%	4 138 €	9 019 €	-11,2%
+ Release of reserves and provisions	-	-	-	-	-
+ Other operating income	0	0%	0	0%	0
- Depreciation/Amortisation	3 231	0%	0	0%	0
- Other charges	0	0%	0	0%	0
Operating result	4 778 €	-60,0%	11 943 €	188,6%	4 138 €	6 491 €	-26,4%
	4,81 % CA	-56,0%	10,94 % CA	-40,0%	18,22 % CA	2,81 % CA	71,2%

Operating result	4 778 €	-60,0%	11 943 €	188,6%	4 138 €	6 491 €	-26,4%
+/- Result of joint-venture transferred from/to other partners	-	-	-	-	-
+ Financial income	854	-59,2%	2 092	7648,1%	27
- Financial charges	5 178	263,9%	1 423	357,6%	311
Pre-tax result	454 €	-96,4%	12 612 €	227,2%	3 854 €	5 928 €	-92,3%
	0,46 % CA	-96,0%	11,56 % CA	-31,9%	16,97 % CA	2,50 % CA	-81,6%

Extraordinary income	0	0%	0	0%	1 170	0	0%
- Extraordinary charges	56	0%	0	0%	1 170
Extraordinary result	-56 €	0%	0 €	0%	0 €	0 €	0%
	-0,06 % CA	-	% CA	-	% CA	0 % CA	0%

Pre-tax result	454 €	-96,4%	12 612 €	227,2%	3 854 €	5 928 €	-92,3%
Extraordinary result	-56 €	0%	0 €	0%	0 €	0 €	0%
- Employee profit sharing	-	-	-	-	-
- Tax on profits	0	0%	0	0%	0
Net result	398 €	-96,8%	12 612 €	227,2%	3 854 €	5 687 €	-93,0%
	0,40 % CA	-96,5%	11,56 % CA	-31,9%	16,97 % CA	2,19 % CA	-81,7%

JUDGEMENTS

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

This company is not identified as one of the biggest french chip.

Linkages

This company is not identified as one of the biggest french chip.

event history

Status history

Date	Description
10/09/2012	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
03/10/2012	Bodacc B	Modification et mutation diverse
34 - HERAULT GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER 644 - 414 115 634 RCS Montpellier. SODITEX. Forme : Société à responsabilité limitée. Activité : . Adresse de l’établissement principal : 30 avenue Lepic, 34070 Montpellier. Adresse du siège social : 30 avenue Lepic, 34070 Montpellier. Commentaires : Transfert du siège social, transfert de l'établissement principal.
20/09/2012	JAL	Head Office Transfer
Herault juridique et économique (L') Date de décision : 10/09/2012 Transfert du siège social de la société 414115634 - SODITEX, SARL SODITEX Adresse du nouveau siège : 30 AVENUE LEPIC, 34070 MONTPELLIER Ancienne localisation : 8 RUE EDOUARD VII, RES EDOUARD VII, 34070 MONTPELLIER Date d'effet : 10/09/2012
04/04/2011	Bodacc C	Comptes annuels et rapports
34 - HERAULT GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER 4755 - 414115634 RCS. SODITEX. Forme : Société à responsabilité limitée. Adresse : Résidence Edouard VII - 8, rue Edouard VII 34000 Montpellier. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2010.
19/05/2010	Bodacc C	Comptes annuels et rapports
34 - HERAULT GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER 3583 - 414115634 RCS. SODITEX. Forme : Société à responsabilité limitée. Adresse : Résidence Edouard VII - 8, rue Edouard VII 34000 Montpellier. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2009.
05/03/2010	Bodacc B	Modification et mutation diverse
34 - HERAULT GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER 1055 - 414 115 634 RCS Montpellier. SODITEX. Forme : Société à responsabilité limitée. Capital : 24000 EUR. Commentaires : Modification survenue sur le capital.
09/07/2009	Bodacc C	Comptes annuels et rapports
34 - HERAULT GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER 3744 - 414115634 RCS. SODITEX. Forme : Société à responsabilité limitée. Adresse : Résidence Edouard VII - 8, rue Edouard VII, 34000 Montpellier. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2008.
24/04/2009	Bodacc B	Modification et mutation diverse
34 - HERAULT GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER 414 - 414 115 634 RCS Montpellier. SODITEX. Forme : Société à responsabilité limitée. Administration : Gérant non statutaire : DINGUIRARD Jacques. Commentaires : Modification survenue sur l'administration.
27/05/2008	Bodacc C	Comptes annuels et rapports
34 - HERAULT GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER 3515 - 414115634 RCS. SODITEX. Forme : Société à responsabilité limitée. Adresse : Résidence Edouard VII - 8, rue Edouard VII, 34000 Montpellier. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2006.
27/05/2008	Bodacc C	Comptes annuels et rapports
34 - HERAULT GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER 3516 - 414115634 RCS. SODITEX. Forme : Société à responsabilité limitée. Adresse : Résidence Edouard VII - 8, rue Edouard VII, 34000 Montpellier. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2007.
07/05/2006	Bodacc C	Avis de dépôt des comptes
1479 - RCS Montpellier B 414 115 634. RC 00-B 348. SODITEX. Forme: S.A.R.L.. Adresse du siège social: résidence Edouard VII - 8, rue Edouard VII,34000 Montpellier. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2005.
30/04/2005	Bodacc C	Avis de dépôt des comptes
1515 - RCS Montpellier B 414 115 634. RC 00-B 348. SODITEX. Forme: S.A.R.L. Adresse du siège social: résidence Edouard VII - 8, rue Edouard VII,34000 Montpellier. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2004.
12/04/2000	Bodacc B	Modifications et mutations diverses
RCS Montpellier B 414115634 RC 00-B 348 SODITEX. Forme : S.A.R.L. Capital : 50 000 F Nom commercial: S.A.R.L. Soditex. Adresse du siège social : résidence Edouard-VII, 8 rue Edouard-VII, 34000 Montpellier. Administration : gérant non statutaire : DURAND (Philippe, Guilhem) ( Nom d'usage : DURAND) Etablissement principal: Activité : création, développement, commercialisation et négoce de tous produits. Adresse : résidence Edouard-VII, 8 rue Edouard- VII, 34000 Montpellier. Commentaires : immatriculation d'une personne morale suite au transfert du siège hors ressort du greffe du tribunal de commerce de Nimes. Date d'effet : 13 octobre 1999.
31/12/1997	Bodacc A	Création d'établissement
RCS Nimes B 414 115 634 A dater du: 17 octobre 1997 RC 97-B 896 S.A.R.L. SODITEX. Forme : S.A.R.L. Capital : 50 000 F (fixe) Nom commercial: Soditex. Adresse du siège social : 3 avenue du Puits-Vieux, lotissement Rascloparis, 30121 Mus. Administration : gérant : DINGUIRARD (Jacques) Cette société se constitue Etablissement principal: Activité : création, développement, commercialisation, négoce de tous produits. Adresse : 3 avenue du Puits- Vieux, lotissement Rascloparis, 30121 Mus Date de début d'activité: 1er octobre 1997.

COMPANY EVENTS HISTORY

Date	Description
06/11/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
03/10/2012	Bodacc B: Various editing or changing
20/09/2012	Registered office transferred inside jurisdiction of the Commercial Court
20/09/2012	Minutes of general meeting of shareholders
20/09/2012	Updated articles of association
20/09/2012	Legal Gazette: Head Office Transfer
10/09/2012	Transfer of Establishment
10/09/2012	Update of Company Head Office Identifier
30/09/2011	New accounts available
04/04/2011	Bodacc C : Deposit accounts notice
30/09/2010	New accounts available
19/05/2010	Bodacc C : Deposit accounts notice
05/03/2010	Bodacc B: Various editing or changing
18/02/2010	Capital increase
18/02/2010	Updated articles of association
18/02/2010	Minutes of general meeting of shareholders
30/09/2009	New accounts available
09/07/2009	Bodacc C : Deposit accounts notice
24/04/2009	Bodacc B: Various editing or changing
09/04/2009	Minutes of general meeting of shareholders
09/04/2009	Private document
09/04/2009	Nomination/démission des organes de gestion
09/04/2009	New manager
09/04/2009	Appointment/resignation of company officers
09/04/2009	PV d'Assemblée
30/09/2008	New accounts available
27/05/2008	Bodacc C : Deposit accounts notice
10/04/2008	Continuation of business despite loss of equity
10/04/2008	Private document
10/04/2008	Continuation malgré perte supérieure à la moitié du capital
10/04/2008	Minutes of general meeting of shareholders
10/04/2008	PV d'Assemblée
30/09/2007	New accounts available
30/09/2006	New accounts available
30/09/2005	New accounts available
30/09/2004	New accounts available
20/03/2000	Changement de Gérant
20/03/2000	Statuts mis à jour
20/03/2000	Acte sous seing privé
20/03/2000	Acte modificatif
20/03/2000	PV d'Assemblée
20/03/2000	Nomination/démission des organes de gestion
20/03/2000	Immatriculation suite à transfert
20/03/2000	Cession de parts
10/05/1999	Statuts
10/05/1999	Acte sous seing privé
10/05/1999	Statuts mis à jour
10/05/1999	Acte modificatif
10/05/1999	PV d'Assemblée
10/05/1999	Cession de parts
17/10/1997	Formation de Société
17/10/1997	Nomination/démission des organes de gestion
17/10/1997	PV d'Assemblée
17/10/1997	Acte sous seing privé
17/10/1997	Statuts

ESTABLISHMENT EVENTS HISTORY

Date	Description
06/11/2012	Update Rating
23/09/2012	Update Rating
23/09/2012	Update Limit
10/09/2012	Formation of Head office (after transfer)

directors

Name	M. DINGUIRARD JACQUES
Manager position	Gérant	Date of birth	05/09/1967
Place of birth	MONTPELLIER (34)
Type	Individual	Name at birth

PREVIOUS DIRECTORS

Manager position	Title and name	Date of Birth/Place of Birth
Gérant	M JACQUES DINGUIRARD	- - -
Gérant	M JACQUES DINGUIRARD	05/09/1967 - MONTPELLIER
Gérant	M JACQUES DINGUIRARD	05/09/1967 - MONTPELLIER (34)
Gérant	M PHILIPPE DURAND	07/04/1975 - MONTPELLIER

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.97
UK Pound	1	Rs.83.17
Euro	1	Rs.72.20

INFORMATION DETAILS

Report Prepared by :

PRL

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.