MIRA INFORM REPORT

Report Date :

15.02.2013

IDENTIFICATION DETAILS

Name :	SYBILLE ACCESSOIRES
Registered Office :	12 Rue Vavin 75006 Paris 6
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	December 2002
Com. Reg. No.:	RCS Paris 0 444 282 081
Legal Form :	Simplified Joint Stock Company
Line of Business :	Manufacture of other wearing apparel and accessories
No. of Employees :	3 to 5 employees

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

SYBILLE ACCESSOIRES

SIRET

444 282 081 00041

Personal comment

company summary

		EUR VAT Number	FR04444282081
Activity (APE)	Manufacture of other wearing apparel and accessories (1419Z)	Legal form	Simplified joint stock company
Phone	01 47 34 25 67	RCS Registration	RCS Paris 0 444 282 081
Fax		Share capital	95,000 Euros
Address	SYBILLE ACCESSOIRES 12 RUE VAVIN 75006 PARIS 6	Incorporated Date	12/2002
Nationality	France	Status	Economically active

Current Directors

1

Trading to Date	12/31/2011	12/31/2009	12/31/2008
Turnover	3,020,513 €	1,486,563 €	1,262,087 €
Gross Operating Surplus	-5,18 % Turnover	6,41 % Turnover	9,96 % Turnover
Shareholders’ equity	1,294,795 €	314,841 €	225,610 €
Net result	-175,604 €	89,230 €	89,998 €
Employees	3 to 5 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Fabrication d'autres vêtements et accessoires (1419Z)
RCS Registration	RCS Paris 0 444 282 081	Share capital	95,000 Euros
Registration Court	Paris (75)	Legal form	Simplified joint stock company
Court Registry Number	20 0 2B183	EUR VAT Number	FR04444282081
Incorporation Date	12/2002	Formation Date	12/2002
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Activity (APE)	Fabrication d'autres vêtements et accessoires (1419Z)	Business Pages FT®
Postal Address	SYBILLE ACCESSOIRES 12 RUE VAVIN 75006 PARIS 6	Trading Address	12 RUE VAVIN 75006 PARIS 6
Telephone	01 47 34 25 67
Fax

Type	Head office	Status	Economically active
Formation Date	05/2010	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	PARIS 6	Size of urban area

Other establishments

Branches	4 branch entities in this company
Head office	> SYBILLE ACCESSOIRES <<< - Fabrication d'autres vêtements et accessoires (1419Z) in PARIS 6 (75006)
Secondary establishments	> SYBILLE ACCESSOIRES - Fabrication d'autres vêtements et accessoires (1419Z) in PARIS 16 (75016) > SYBILLE ACCESSOIRES - Fabrication d'autres vêtements et accessoires (1419Z) in PARIS 6 (75006) > SYBILLE ACCESSOIRES - Fabrication d'autres vêtements et accessoires (1419Z) in PARIS 6 (75006) > SYBILLE ACCESSOIRES - Fabrication d'autres vêtements et accessoires (1419Z) in PARIS 18 (75018) > ...

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

3 to 5 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2011	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	06/11/2012	23/04/2010	-
Activity Code	1419Z	1419Z	1419Z
Employees	8	5	3

Active account

Annual Accounts	31/12/2011		31/12/2009		31/12/2008	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	1 143 001	249,0%	327 501	4,4%	313 615	28 682	3885,1%
- Intangible assets	922 585	269,0%	250 000	-0,2%	250 567	3 070	29951,6%
- Tangible assets	149 532	207,9%	48 570	-6,0%	51 647	8 427,50	1674,3%
- Financial assets	70 884	145,0%	28 931	153,7%	11 402	1 378,50	5042,1%
Net current assets	1 611 267	331,7%	373 272	9,2%	341 684	186 741	762,8%
- Stocks	503 106	189,5%	173 778	34,6%	129 144	46 078,50	991,8%
- Advanced payments	3 068	331,7%	7 633	-7,1%	8 213	0	0%
- Receivables	483 542	173,6%	176 742	-6,8%	189 581	66 150,50	631,0%
- Securities and cash	621 552	4011,1%	15 119	2,5%	14 746	24 094,50	2479,6%
- Prepaid expenses	-	-	-	-	-	72	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	2 754 268	293,0%	700 773	6,9%	655 299	212 935,50	1193,5%

Passive Account

Annual Accounts	31/12/2011		31/12/2009		31/12/2008	Sector Median 2011
Shareholders' equity	1 294 795	311,3%	314 841	39,6%	225 610	87 655	1377,1%
Share capital	108 890	91,0%	57 000	0%	57 000	10 685,50	919,0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1 459 472	278,2%	385 933	-10,2%	429 689	120 994	1106,2%
- Financial liabilities	931 555	809,3%	102 447	-16,5%	122 660	19 610	4650,4%
- Advanced payments received	90 932	25,9%	72 246	-38,7%	117 926	0	0%
- Trade account payables	265 254	120,4%	120 371	22,2%	98 483	33 546,50	690,7%
- Tax and social liabilities	115 906	62,1%	71 484	-1,3%	72 444	56 183	106,3%
- Other debts and fixed assets liabilities	55 825	188,0%	19 385	6,7%	18 175	10 237	445,3%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	2 754 268	293,0%	700 773	6,9%	655 299	212 934,50	1193,5%

Results

Annual Accounts	31/12/2011		31/12/2009		31/12/2008	Sector Median 2011
Sales of Goods	3 067 559	105,0%	1 496 278	19,1%	1 256 780	383 612	699,7%
Net turnover	3 020 513	103,2%	1 486 563	17,8%	1 262 087	369 894	716,6%
- of which net export turnover	341 866	161,7%	130 612	-7,4%	141 105	0	0%
Operating charges	3 283 596	131,2%	1 420 499	24,1%	1 145 084	370 165,50	787,1%
Operating profit/loss	-216 037	-385,1%	75 779	-32,2%	111 695	7 366	-3032,9%
Financial income	2 199	0%	0	0%	0	50	4298,0%
Financial charges	54 429	53,8%	35 393	6,2%	33 318	1 201,50	4430,1%
Financial profit/loss	-52 230	-47,6%	-35 393	-6,2%	-33 318	-748,50	-6878,0%
Pretax net operating income	-268 267	-764,3%	40 386	-48,5%	78 377	5 391	-5076,2%
Extraordinary income	31 500	642,9%	4 240	135,6%	1 800	310	10061,3%
Extraordinary charges	8 837	64,3%	5 378	-20,6%	6 770	294	2905,8%
Extraordinary profit/loss	22 663	2091,5%	-1 138	77,1%	-4 970	0	0%
Net result	-175 604	-296,8%	89 230	-0,9%	89 998	8 068,50	-2276,4%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2011	31/12/2009	31/12/2008
Months	12	12	12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2011		31/12/2009		31/12/2008
	Grand Total (I to VI)	Net	2 754 268	293,0%	700 773	6,9%	655 299
	Gross	CO	2 871 659	286,2%	743 529	7,2%	693 631
	Amortisation	1A	117 391	174,6%	42 756	11,5%	38 331

Non declared distributed capital (I)

		31/12/2011		31/12/2009		31/12/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

			31/12/2011		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	1 143 001	249,0%	327 501	4,4%	313 615
	Gross	BJ	1 232 281	232,8%	370 257	5,2%	351 947
	Amortisation	BK	89 279	108,8%	42 756	11,5%	38 331

Intangilble fixed assets

			31/12/2011		31/12/2009		31/12/2008
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	2 912
	Amortisation	AC	0	0%	0	0%	2 912
	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	2 585	0%	0	0%	567
	Gross	AF	16 322	2336,1%	670	-85,8%	4 730
	Amortisation	AG	13 737	1950,3%	670	-83,9%	4 163
	Goodwill	Net	920 000	268,0%	250 000	0%	250 000
	Gross	AH	920 000	268,0%	250 000	0%	250 000
	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%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	922 585	269,0%	250 000	-0,2%	250 567

Tangilble fixed assets

			31/12/2011		31/12/2009		31/12/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	0	0%	0	0%	0
	Gross	AR	0	0%	0	0%	0
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	149 532	207,9%	48 570	-6,0%	51 647
	Gross	AT	225 075	148,3%	90 656	9,4%	82 903
	Amortisation	AU	75 542	79,5%	42 086	34,6%	31 256
	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	149 532		48 570		51 647

Financial assets

			31/12/2011		31/12/2009		31/12/2008
	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	4 784	0%	0	0%	0
	Gross	BB	4 784	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	66 100	128,5%	28 931	153,7%	11 402
	Gross	BH	66 100	128,5%	28 931	153,7%	11 402
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		70 884		28 931		11 402

Current Assets (III)

			31/12/2011		31/12/2009		31/12/2008
	Total Assets	Net	1 611 267	331,7%	373 272	9,2%	341 684
	Gross	CJ	1 639 378	339,2%	373 272	9,2%	341 684
	Amortisation	CK	28 112	0%	0	0%	0

Stocks

			31/12/2011		31/12/2009		31/12/2008
	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	100 832	213,8%	32 132	11,5%	28 817
	Gross	BN	100 832	213,8%	32 132	11,5%	28 817
	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	402 274	184,0%	141 646	41,2%	100 327
	Gross	BT	413 340	191,8%	141 646	41,2%	100 327
	Amortisation	BU	11 066	0%	0	0%	0
	Sub Total Stocks	Net	503 106	189,5%	173 778	34,6%	129 144

Advance payments to suppliers

			31/12/2011		31/12/2009		31/12/2008
	Advance payments to suppliers	Net	3 068	-59,8%	7 633	-7,1%	8 213
	Gross	BV	3 068	-59,8%	7 633	-7,1%	8 213
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2011		31/12/2009		31/12/2008
	Trade accounts receivable	Net	199 680	167,6%	74 631	-42,4%	129 648
	Gross	BX	216 726	190,4%	74 631	-42,4%	129 648
	Amortisation	BY	17 046	0%	0	0%	0
	Other debtors	Net	255 552	178,3%	91 816	77,8%	51 636
	Gross	BZ	255 552	178,3%	91 816	77,8%	51 636
	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	455 232	173,5%	166 447	-8,2%	181 284

Divers

			31/12/2011		31/12/2009		31/12/2008
	Investment securities	Net	169 786	1117,5%	13 945	0%	13 945
	Gross	CD	169 786	1117,5%	13 945	0%	13 945
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	451 766	38380,9%	1 174	46,6%	801
	Gross	CF	451 766	38380,9%	1 174	46,6%	801
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	621 552	4011,1%	15 119	2,5%	14 746

Prepaid expenses

			31/12/2011		31/12/2009		31/12/2008
	Prepaid expenses	Net	28 310	175,0%	10 295	24,1%	8 297
	Gross	CH	28 310	175,0%	10 295	24,1%	8 297
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2011		31/12/2009		31/12/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	-	-

References

		31/12/2011		31/12/2009		31/12/2008
Due within one year	CP	4 784	0%	0	0%	0
Due after one year	CR	0	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)

		31/12/2011		31/12/2009		31/12/2008
Grand Total (I to V)	EE	2 754 268	293,0%	700 773	6,9%	655 299

Shareholder Equity (I)

			31/12/2011		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	1 294 795	311,3%	314 841	39,6%	225 610
	Equity and shareholders' equity	DA	108 890	91,0%	57 000	0%	57 000
	Issue and merger premiums	DB	1 220 703	394,2%	247 000	0%	247 000
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	0	0%	0	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	140 806	279,6%	-78 390	53,4%	-168 388
	Profit or loss for the period	DI	-175 604	-296,8%	89 230	-0,9%	89 998
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2011		31/12/2009		31/12/2008
	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)

			31/12/2011		31/12/2009		31/12/2008
	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)

			31/12/2011		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	1 459 472	278,2%	385 933	-10,2%	429 689
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	931 421	1221,5%	70 483	-5,4%	74 483
	Sundry loans and financial liabilities	DV	134	-99,6%	31 964	-33,7%	48 177
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	90 932	25,9%	72 246	-38,7%	117 926
	Trade accounts payables	DX	265 254	120,4%	120 371	22,2%	98 483
	Tax and social security liabilities	DY	115 906	62,1%	71 484	-1,3%	72 444
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	55 825	188,0%	19 385	6,7%	18 175

Translation loss (V)

		31/12/2011		31/12/2009		31/12/2008
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2011		31/12/2009		31/12/2008
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2011		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	754 042	95,4%	385 933	-10,2%	429 689
Of which current bank facilities	EH	145 355	106,2%	70 483	-5,4%	74 483

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2011		31/12/2009		31/12/2008
Operating result (Total I-II)	GG	-216 037	-385,1%	75 779	-32,2%	111 695

2 - Financial result (V - VI)

		31/12/2011		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	-52 230	-47,6%	-35 393	-6,2%	-33 318

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

		31/12/2011		31/12/2009		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-268 267	-764,3%	40 386	-48,5%	78 377

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	22 663	2091,5%	-1 138	77,1%	-4 970

Profit or loss

		31/12/2011		31/12/2009		31/12/2008
Profit or loss	HN	-175 604	-296,8%	89 230	-0,9%	89 998

Total Income (I+III+V+VII)

		31/12/2011		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	3 101 258	106,7%	1 500 518	19,2%	1 258 580

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

		31/12/2011		31/12/2009		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	3 276 865	132,2%	1 411 287	20,8%	1 168 581

Operating income (I)

		31/12/2011		31/12/2009		31/12/2008
Total operating income (Total I)	FR	3 067 559	105,0%	1 496 278	19,1%	1 256 780

Operating income (details)

			31/12/2011		31/12/2009		31/12/2008
	Sale of goods for resale	FC	3 009 511	102,4%	1 486 563	17,8%	1 262 087
	France	FA	2 672 509	97,1%	1 355 951	21,0%	1 120 982
	Export	FB	337 002	158,0%	130 612	-7,4%	141 105
	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	11 002	0%	0	0%	0
	France	FG	6 138	0%	0	0%	0
	Export	FH	4 864	0%	0	0%	0
	Net turnover	FL	3 020 513	103,2%	1 486 563	17,8%	1 262 087
	France	FJ	2 678 647	97,5%	1 355 951	21,0%	1 120 982
	Export	FK	341 866	161,7%	130 612	-7,4%	141 105
	Stocked production	FM	46 081	1290,1%	3 315	151,3%	-6 466
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	6 309	0%	0
	Release of reserves and provisions	FP	0	0%	0	0%	0
	Other income	FQ	965	960,4%	91	-92,1%	1 159

Operating charges (II)

		31/12/2011		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	3 283 596	131,2%	1 420 499	24,1%	1 145 084

Exploitation charges

		31/12/2011		31/12/2009		31/12/2008
Purchase of goods for resale	FS	1 595 131	141,0%	661 932	17,2%	564 597
Change in stocks of goods for resale	FT	-223 067	-439,8%	-41 321	-68,0%	-24 598
Purchase of raw materials	FU	272 100	232,6%	81 822	-1,5%	83 056
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	1 094 486	153,9%	431 089	33,9%	321 950
Tax, duty and similar payments	FX	37 463	721,6%	4 560	-24,8%	6 064
Payroll	FY	329 604	39,7%	235 872	52,3%	154 916
Social security costs	FZ	117 415	335,3%	26 972	12,9%	23 890

Depreciation

		31/12/2011		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	30 523	109,9%	14 544	18,3%	12 296
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	28 112	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2011		31/12/2009		31/12/2008
Other charges	GE	1 829	-63,6%	5 029	72,6%	2 913

Operating charges (III-IV)

		31/12/2011		31/12/2009		31/12/2008
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)

			31/12/2011		31/12/2009		31/12/2008
	Total financial income (Total V)	GP	2 199	0%	0	0%	0
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	0	0%	0	0%	0
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	479	0%	0	0%	0
	Net income from disposal of investment securities	GO	1 720	0%	0	0%	0

Financial Charge (VI)

			31/12/2011		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	54 429	53,8%	35 393	6,2%	33 318
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	53 065	50,5%	35 248	6,2%	33 185
	Exchange losses	GS	1 364	840,7%	145	9,0%	133
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2011		31/12/2009		31/12/2008
	Total extraordinary income (Total VII)	HD	31 500	642,9%	4 240	135,6%	1 800
	Extraordinary operating income	HA	31 500	642,9%	4 240	0%	0
	Extraordinary income from capital transactions	HB	0	0%	0	0%	1 800
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2011		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	8 837	64,3%	5 378	-20,6%	6 770
	Extraordinary operating charges	HE	8 341	55,1%	5 378	18,1%	4 552
	Extraordinary charges from capital transactions	HF	496	0%	0	0%	2 218
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2011		31/12/2009		31/12/2008
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2011		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	-69 997	-40,0%	-49 983	-201,3%	-16 591

References

		31/12/2011		31/12/2009		31/12/2008
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%	156	1,3%	154

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2011		31/12/2009		31/12/2008
	Gross value at begin of period	OG	0	0%	0	0%	321 973
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	32 604
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	44 331	338,1%	10 119	284,8%	2 630
	Gross value at the end of period	OL	1 232 281	232,8%	370 257	5,2%	351 947

Research and development Charge (Total I)

			31/12/2011		31/12/2009		31/12/2008
	Gross value at begin of period	CZ	0	0%	2 912	0%	2 912
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	2 912	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	2 912

Other budget item from Intangible fixed assets (Total II)

			31/12/2011		31/12/2009		31/12/2008
	Gross value at begin of period	KD	260 037	2,1%	254 730	1,6%	250 670
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	676 285	0%	0	0%	4 060
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	4 060	0%	0
	Gross value at the end of period	LW	936 322	273,5%	250 670	-1,6%	254 730

Tangible fixed assets (Total III)

			31/12/2011		31/12/2009		31/12/2008
	Gross value at begin of period	LN	107 939	30,2%	82 903	45,1%	57 147
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	120 136	1002,1%	10 901	-61,6%	28 386
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	3 000	-4,7%	3 147	19,7%	2 630
	Gross value at the end of period	NH	225 075	148,3%	90 657	9,4%	82 903

Fiancial assets (Total IV)

			31/12/2011		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	19 689	72,7%	11 402	1,4%	11 244
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	92 526	427,8%	17 529	10994,3%	158
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	41 331	0%	0	0%	0
	Gross value at the end of period	NK	70 884	145,0%	28 931	153,7%	11 402

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

			31/12/2011		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	26 447
Increases		0P	0	0%	0	0%	12 296
Decreasess		0Q	0	0%	0	0%	412
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	38 331

Research and development charge (Total I)

			31/12/2011		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	2 912
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	2 912

Other intangible assets (Total II)

			31/12/2011		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	3 211	-22,9%	4 163	863,7%	432
Increases		PF	10 526	1756,4%	567	-84,8%	3 731
Decreasess		PG	0	0%	4 060	0%	0
	Decreasess by budget item transfer	PH	13 737	1950,3%	670	-83,9%	4 163

Total fixed assets amotisation (Total III)

			31/12/2011		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	58 050	85,7%	31 256	35,3%	23 103
Increases		QV	19 997	43,1%	13 977	63,2%	8 565
Decreases		QW	2 504	-20,4%	3 147	663,8%	412
	Decreasess by budget item transfer	QX	75 543	79,5%	42 086	34,6%	31 256

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

			31/12/2011		31/12/2009		31/12/2008
	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

			31/12/2011		31/12/2009		31/12/2008
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	2 912	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)

			31/12/2011		31/12/2009		31/12/2008
	Value at begining of period	7C	0	0%	0	0%	0
Increases		UB	28 112	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	28 112	0%	0	0%	0

Includes Total allocations

Operating	UE	28 112	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			31/12/2011		31/12/2009		31/12/2008
	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)

			31/12/2011		31/12/2009		31/12/2008
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2011		31/12/2009		31/12/2008
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	28 112	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	28 112	0%	0	0%	0

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

		31/12/2011		31/12/2009		31/12/2008
Gross value	VT	571 472	177,9%	205 672	2,3%	200 983
1 year at most	VU	505 372	185,9%	176 741	-6,8%	189 581
More than one year	VV	66 100	128,5%	28 931	153,7%	11 402

State of loans

		31/12/2011		31/12/2009		31/12/2008
Claims related to holdings (gross)	UL	4 784	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	4 784	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	66 100	128,5%	28 931	153,7%	11 402
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2011		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	20 387	0%	0	0%	4 584
Other claims customer	UX	196 339	163,1%	74 631	-40,3%	125 064
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	21 906	1956,9%	1 065	-40,8%	1 800
Social Security and other social organizations	UZ	6 024	16,0%	5 193	0%	0
Income taxes	VM	69 997	40,0%	49 983	71,4%	29 162
Value added tax	VB	57 433	222,0%	17 839	98,2%	9 002
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	98	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	100 094	464,4%	17 735	51,9%	11 673

Prepaid

		31/12/2011		31/12/2009		31/12/2008
Prepaid	VS	28 310	175,0%	10 295	24,1%	8 297

State Debt

			31/12/2011		31/12/2009		31/12/2008
	Total debt (gross)	VY	1 368 540	336,3%	313 687	0,6%	311 763
1 year at most		VZ2	663 110	111,4%	313 687	0,6%	311 763
More than 1 year and 5 years at most		VZ3	305 430	0%	0	0%	0
More than 5 years		VZ4	400 000	0%	0	0%	0

Details

			31/12/2011		31/12/2009		31/12/2008
	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	150 811	114,0%	70 483	-5,4%	74 483
1 year at most		VG2	150 811	114,0%	70 483	-5,4%	74 483
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	780 609	0%	0	0%	0
1 year at most		VH2	75 179	0%	0	0%	0
More than 1 year and 5 years at most		VH3	305 430	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	15	0%	0	0%	0
1 year at most		8A2	15	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	265 254	120,4%	120 371	22,2%	98 483
1 year at most		8B2	265 254	120,4%	120 371	22,2%	98 483
More than 1 year and 5 years at most		8B3	265 254	120,4%	120 371	0%	0
	Personnel and associated accounts (gross)	8C1	39 563	39,0%	28 464	-0,5%	28 615
1 year at most		8C2	39 563	39,0%	28 464	-0,5%	28 615
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	62 933	248,3%	18 068	11,1%	16 259
1 year at most		8D2	62 933	248,3%	18 068	11,1%	16 259
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	1 436	-92,9%	20 234	-7,6%	21 892
1 year at most		VW2	1 436	-92,9%	20 234	-7,6%	21 892
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	11 974	153,8%	4 718	-16,9%	5 679
1 year at most		VQ2	11 974	153,8%	4 718	-16,9%	5 679
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	119	-99,6%	31 964	-33,7%	48 177
1 year at most		VI2	119	-99,6%	31 964	-33,7%	48 177
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	55 825	188,0%	19 385	6,7%	18 175
1 year at most		8K2	55 825	188,0%	19 385	6,7%	18 175
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

		31/12/2011		31/12/2009		31/12/2008
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	21 622

Table allocation results and other information
Dividends distributed

		31/12/2011		31/12/2009		31/12/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2011		31/12/2009		31/12/2008
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

		31/12/2011		31/12/2009		31/12/2008
Subcontracting	YT	535 453	317,5%	128 245	31,7%	97 367
Rentals, rental charges and condominiums	XQ	129 223	76,6%	73 182	10,8%	66 047
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	228 021	305,1%	56 281	92,2%	29 290
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	201 789	16,4%	173 381	34,1%	129 246
Total Other purchases and external	ZJ	1 094 486	23901,9%	431 089	33,9%	321 950

Taxes and Fees

		31/12/2011		31/12/2009		31/12/2008
Business tax	YW	1 783	368,0%	381	-29,1%	537
Other taxes and payments assimilated	9Z	35 680	753,8%	4 179	-24,4%	5 527
Total taxes and fees	YX	37 463	721,6%	4 560	-24,8%	6 064

VAT

		31/12/2011		31/12/2009		31/12/2008
Amount VAT collected	YY	525 844	97,7%	265 971	20,9%	219 954
Total VAT on goods and services	YZ	470 974	160,1%	181 043	19,3%	151 803

Average number of employees

		31/12/2011		31/12/2009		31/12/2008
Average number of employees	YP	08	60,0%	05	66,7%	03

Groups and Shareholders

		31/12/2011		31/12/2009		31/12/2008
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

		31/12/2011		31/12/2009		31/12/2008	Sector Median 2011
Fixed Asset Financing		1,76	67,6%	1,05	18,0%	0,89	2,14	-17,8%
Global Debt		174 days	87,1%	93 days	-24,4%	123 days	126 days	38,1%
Working Capital Fund overall net		112 days	2140,0%	5 days	145,5%	-11 days	97 days	15,5%
Financial independence		139,01%	-68,9%	446,69%	47,5%	302,90%	479,96%	-71,0%
More ratios
Solvability		47,01%	4,6%	44,93%	30,5%	34,43%	35,87%	31,1%
Capacity debt futures		572,94%	28,3%	446,69%	47,5%	302,90%	1452,18%	-60,5%
Coverage of current assets by net working capital overall		52,67%	928,7%	5,12%	144,6%	-11,47%	46,43%	13,4%
General Liquidity		0,76	35,7%	0,56	-8,2%	0,61	0,53	43,4%
Restricted Liquidity		1,70	178,7%	0,61	-7,6%	0,66	0,89	91,0%

Management or rotation

		31/12/2011		31/12/2009		31/12/2008	Sector Median 2011
Need background in operating working capital		52 days	225,0%	16 days	433,3%	3 days	48 days	8,3%
Treasury		57 days	538,5%	-13 days	23,5%	-17 days	8 days	612,5%
Inventory turnover of goods		108 days	31,7%	82 days	22,4%	67 days	93 days	16,1%
Average length of credit granted to customers		22 days	46,7%	15 days	-51,6%	31 days	42 days	-47,6%
Average length of credit obtained suppliers		30 days	-9,1%	33 days	3,1%	32 days	53 days	-43,4%
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days	117 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	780,50 days	-
Rotation tangible assets		1342%	-18,2%	1639,77%	7,7%	1522,37%	804,01%	66,9%

Profitability of the business

		31/12/2011		31/12/2009		31/12/2008	Sector Median 2011
Margin trading		54,21%	-6,9%	58,25%	1,8%	57,21	0%	0%
Profitability of the business		-5,18	-180,8%	6,41	-35,6%	9,96	4,97%	-204,2%
Net profit		-5,81%	-196,8%	6%	-15,8%	7,13%	3,37%	-272,4%
More ratios
Growth rate of turnover (excluding VAT)		103,19%	480,0%	17,79%	-81,4%	95,80%	3,04%	3294,4%
Rates integration		10,86%	-54,7%	23,97%	-2,6%	24,61%	33,64%	-67,7%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		136,31%	84,8%	73,76%	28,1%	57,56%	78,81%	73,0%
Weight interests		1,80	-24,4%	2,38%	-9,8%	2,64%	0,47%	283,0%

Return on capital

		31/12/2011		31/12/2009		31/12/2008	Sector Median 2011
Cash flow from the overall profitability		-4,79%	-168,6%	6,98%	-14,3%	8,14%	3,83%	-225,1%
Rates of economic profitability		-7%	-130,4%	23%	-36,1%	36%	12%	-158,3%
Financial profitability		1294795%	311,3%	314841%	39,6%	225610%	49137%	2535,1%
Return on investment		-5,44%	-118,2%	29,86%	-15,7%	35,41%	10,13%	-153,7%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2011		31/12/2009		31/12/2008	Sector Median 2011
Turnover	3 020 513	103,2%	1 486 563	17,8%	1 262 087	369 894 €	716,6%

Sales of goods	3 009 511	102,4%	1 486 563	17,8%	1 262 087
- Purchase of goods	1 595 131	141,0%	661 932	17,2%	564 597
+/- Stock of goods variation	-223 067	-439,8%	-41 321	-68,0%	-24 598
Trading margin	1 637 447 €	89,1%	865 952 €	19,9%	722 088 €	0 €	0%
	54,21 % CA	-6,9%	58,25 % CA	1,8%	57,21 % CA	0,55 % CA	9756,4%

Sale of goods produced	11 002	0%	0	0%	0
+/- Stocked production	46 081	1290,1%	3 315	151,3%	-6 466
+ Self-constructed assets	0	0%	0	0%	0
Period production	57 083 €	1622,0%	3 315 €	151,3%	-6 466 €	196 645 €	-71,0%
	1,89 % CA	759,1%	0,22 % CA	143,1%	-0,51 % CA	98,99 % CA	-98,1%

Trading margin	1 637 447	89,1%	865 952	19,9%	722 088	0	0%
+ Period Production	57 083	1622,0%	3 315	151,3%	-6 466	196 645	-71,0%
- Purchase of raw materials	272 100	232,6%	81 822	-1,5%	83 056
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	1 094 486	153,9%	431 089	33,9%	321 950
Added value	327 944 €	-8,0%	356 356 €	14,7%	310 616 €	141 823 €	131,2%
	10,86 % CA	-54,7%	23,97 % CA	-2,6%	24,61 % CA	33,64 % CA	-67,7%

Added value	327 944 €	-8,0%	356 356 €	14,7%	310 616 €	141 823 €	131,2%
+ Operating grants	0	0%	6 309	0%	0
- Tax, duty and similar payments	37 463	721,6%	4 560	-24,8%	6 064
- Personal charges	447 019	70,1%	262 844	47,0%	178 806
Gross operating surplus	-156 538 €	-264,3%	95 261 €	-24,2%	125 746 €	10 177 €	-1638,2%
	-5,18 % CA	-180,8%	6,41 % CA	-35,6%	9,96 % CA	4,97 % CA	-204,2%

Gross operating surplus	-156 538 €	-264,3%	95 261 €	-24,2%	125 746 €	10 177 €	-1638,2%
+ Release of reserves and provisions	0	0%	0	0%	0
+ Other operating income	965	960,4%	91	-92,1%	1 159
- Depreciation/Amortisation	58 635	303,2%	14 544	18,3%	12 296
- Other charges	1 829	-63,6%	5 029	72,6%	2 913
Operating result	-216 037 €	-385,1%	75 779 €	-32,2%	111 696 €	7 366 €	-3032,9%
	-7,15 % CA	-240,2%	5,10 % CA	-42,4%	8,85 % CA	3,49 % CA	-304,9%

Operating result	-216 037 €	-385,1%	75 779 €	-32,2%	111 696 €	7 366 €	-3032,9%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	2 199	0%	0	0%	0
- Financial charges	54 429	53,8%	35 393	6,2%	33 318
Pre-tax result	-268 267 €	-764,3%	40 386 €	-48,5%	78 378 €	5 391 €	-5076,2%
	-8,88 % CA	-426,5%	2,72 % CA	-56,2%	6,21 % CA	2,72 % CA	-426,5%

Extraordinary income	31 500	642,9%	4 240	135,6%	1 800	310	10061,3%
- Extraordinary charges	8 837	64,3%	5 378	-20,6%	6 770
Extraordinary result	22 663 €	2091,5%	-1 138 €	77,1%	-4 970 €	0 €	0%
	0,75 % CA	1037,5%	-0,08 % CA	79,5%	0 % CA	0 % CA	0%

Pre-tax result	-268 267 €	-764,3%	40 386 €	-48,5%	78 378 €	5 391 €	-5076,2%
Extraordinary result	22 663 €	2091,5%	-1 138 €	77,1%	-4 970 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	-69 997	-40,0%	-49 983	-201,3%	-16 591
Net result	-175 607 €	-296,8%	89 231 €	-0,9%	89 999 €	8 068,50 €	-2276,5%
	-5,81 % CA	-196,8%	6,00 % CA	-15,8%	7,13 % CA	3,37 % CA	-272,4%

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
14/05/2010	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
24/10/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11084 - 444282081 RCS. SYBILLE ACCESSOIRES. Forme : Société par actions simplifiée. Adresse : 12 rue Vavin 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
23/06/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1495 - 444 282 081 RCS Paris. SYBILLE ACCESSOIRES. Forme : Société par actions simplifiée. Administration : nomination du Commissaire aux comptes titulaire : EXPONENS AUDIT, nomination du Commissaire aux comptes suppléant : Mauge, Emmanuel. Capital : 95000 EUR. Activité : . Adresse du siège social : 12 rue Vavin, 75006 Paris. Commentaires : modification survenue sur le capital (augmentation), la forme juridique et l'administration.
11/07/2010	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 2026 - 444 282 081 RCS Paris. SYBILLE ACCESSOIRES. Forme : Société par actions simplifiée. Capital : 57000 EUR. Activité : . Adresse de l’établissement principal : 12 rue Vavin, 75006 Paris. Adresse du siège social : 12 rue Vavin, 75006 Paris. Commentaires : modification survenue sur l'adresse du siège.
12/06/2010	JAL	Head Office Transfer
LA GAZETTE DU PALAIS Date de décision : 14/05/2010 Transfert du siège social de la société 444282081 - SYBILLE ACCESSOIRES, PETITE MENDIGOTE Adresse du nouveau siège : 12 RUE VAVIN, 75006 PARIS Ancienne localisation : 133 RUE DE SEVRES, 75006 PARIS 6
03/06/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7786 - 444282081 RCS. SYBILLE ACCESSOIRES. Forme : Société à responsabilité limitée. Adresse : 133 R DE SEVRES 75006 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
29/05/2010	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 460 - 444 282 081 RCS Paris. SYBILLE ACCESSOIRES. Forme : Société par actions simplifiée. Administration : modification du Président Roger Vasselin, nom d'usage : Proto, Sybille. Capital : 57000 EUR. Adresse du siège social : 133 rue de Sèvres, 75006 Paris. Commentaires : modification survenue sur la forme juridique et l'administration.
24/04/2010	JAL	Appointment of the social representative
LA GAZETTE DU PALAIS Société faisant objet d'une nomination : 444282081 - SYBILLE ACCESSOIRES, PETITE MENDIGOTE, 133 RUE DE SEVRES, 75006 PARIS 6 Nominé : Madame Sybille ROGER-VASSELIN, 168 BOULEVARD 168 BOULEVARD SAINT GERMAIN, 75006 PARIS En la fonction de : Présidente
21/08/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5334 - 444282081 RCS. SYBILLE ACCESSOIRES. Forme : Société à responsabilité limitée. Adresse : 133 rue de Sèvres 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
10/12/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7839 - 444282081 RCS. SYBILLE ACCESSOIRES. Forme : Société à responsabilité limitée. Adresse : 133 rue de Sèvres 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
27/05/2008	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1668 - 444 282 081 RCS Paris. SYBILLE ACCESSOIRES. Forme : Société à responsabilité limitée. Capital : 57000 EUR. Adresse de l’établissement principal : 133 rue de Sèvres, 75006 Paris. Adresse du siège social : 133 rue de Sèvres, 75006 Paris. Commentaires : modification survenue sur l'adresse du siège.
23/01/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7018 - 444282081 RCS. SYBILLE ACCESSOIRES. Forme : Société à responsabilité limitée. Adresse : 68 boulevard de Courcelles 75017 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
02/08/2007	Bodacc C	Avis de dépôt des comptes
3905 - 444 282 081. RCS PARIS SYBILLE ACCESSOIRES. Forme: Société à responsabilité limitée. Adresse du siège social: 68 boulevard de Courcelles 75017 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
01/07/2007	Bodacc C	Avis de dépôt des comptes
6289 - Paris B 444 282 081. RC 02-B 18318. SYBILLE ACCESSOIRES. Forme: S.A.R.L.. Adresse du siège social: 68, boulevard de Courcelles,Paris, 75017 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
31/07/2006	Bodacc C	Avis de dépôt des comptes
4036 - RCS Paris B 444 282 081. RC 02-B 18318. SYBILLE ACCESSOIRES. Forme: S.A.R.L.. Adresse du siège social: 68, boulevard de Courcelles,Paris 17, 75017 Paris 17. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
17/05/2005	Bodacc C	Avis de dépôt des comptes
4780 - RCS Paris B 444 282 081. RC 02-B 18318. SYBILLE ACCESSOIRES. Forme: S.A.R.L.. Adresse du siège social: 68, boulevard de Courcelles,75017 Paris 17. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
26/11/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 444282081 RC 02-B 18318 SYBILLE ACCESSOIRES. Forme : S.A.R.L. Capital : 57 000 euros. Commentaires : modification survenue sur le capital ( augmentation).
14/09/2003	Bodacc B	Modifications et mutations diverses
RCS Paris B 444282081 RC 02-B 18318 SYBILLE ACCESSOIRES. Forme : S.A.R.L. Capital : 56 000 euros. Commentaires : modification survenue sur le capital ( augmentation).
11/04/2003	Bodacc B	Modifications et mutations diverses
RCS Paris B 444282081 RC 02-B 18318 SYBILLE ACCESSOIRES. Forme : S.A.R.L. Capital : 50 320 euros. Commentaires : modification survenue sur le capital ( augmentation).
13/12/2002	Bodacc A	Création d'établissement
RCS Paris B 444282081 RC 02-B 18318 SYBILLES ACCESSOIRES. Forme : S.A.R.L. Capital : 9 000 euros. Activité : création, fabrication, achat, vente, tant en France qu'à l'étranger, de tous accessoires de mode, masculins et féminins tels que bijoux fantaisie, chapeaux, gants, foulards, écharpes et sacs. Edition, vente de tous ouvrages, de brochures, de films et de tous supports audiovisuels en général, concernant lesdits accessoires de mode. Toutes publicités favorisant la réalisation de l'objet social. Adresse du siège social : 68 boulevard de Courcelles, 75017 Paris. Administration : gérant : ROGER-VASSELIN (Sybille) Cette société se constitue Date de début d' activité: 1 e r décembre 2002.

COMPANY EVENTS HISTORY

Date	Description
08/11/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
24/10/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
23/06/2011	Bodacc B: Various editing or changing
24/05/2011	Minutes of general meeting of shareholders
24/05/2011	Fund deposit certificate
24/05/2011	Capital increase
24/05/2011	Updated articles of association
11/07/2010	Bodacc B: Various editing or changing
24/06/2010	Registered office transferred inside jurisdiction of the Commercial Court
24/06/2010	Updated articles of association
12/06/2010	Legal Gazette: Head Office Transfer
03/06/2010	Bodacc C : Deposit accounts notice
29/05/2010	Bodacc B: Various editing or changing
14/05/2010	Update of Company Head Office Identifier
14/05/2010	Transfer of Establishment
07/05/2010	New legal form – new category
07/05/2010	New chairman (CEO, CoB)
07/05/2010	Updated articles of association
07/05/2010	Minutes of general meeting of shareholders
19/04/2010	Legal Gazette: Appointment of the social representative
08/04/2010	Audit or Management Report
31/12/2009	New accounts available
21/08/2009	Bodacc C : Deposit accounts notice
09/07/2009	Updated articles of association
09/07/2009	Minutes of general meeting of shareholders
09/07/2009	Sale of shares
09/07/2009	Private document
31/12/2008	New accounts available
12/12/2008	Updated articles of association
12/12/2008	Minutes of general meeting of shareholders
12/12/2008	Sale of shares
12/12/2008	Private document
10/12/2008	Bodacc C : Deposit accounts notice
27/05/2008	Bodacc B: Various editing or changing
27/05/2008	New Bodacc B ads detected
23/01/2008	Transfert du Siège dans le ressort du Tribunal de Commerce
23/01/2008	Registered office transferred inside jurisdiction of the Commercial Court
23/01/2008	Private document
23/01/2008	PV d'Assemblée
23/01/2008	Minutes of general meeting of shareholders
23/01/2008	Statuts mis à jour
23/01/2008	Updated articles of association
23/01/2008	Acte modificatif
23/01/2008	Amendment
23/01/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
08/11/2004	Capital increase
08/11/2004	Augmentation de Capital
08/11/2004	Private document
08/11/2004	Updated articles of association
08/11/2004	Statuts mis à jour
08/11/2004	PV d'Assemblée
08/11/2004	Minutes of general meeting of shareholders
08/11/2004	Acte sous seing privé
02/11/2004	Acte sous seing privé
02/11/2004	Private document
02/11/2004	Cession de parts
02/11/2004	Sale of shares
31/12/2003	New accounts available
03/09/2003	PV d'Assemblée
03/09/2003	Augmentation de Capital
03/09/2003	Statuts mis à jour
03/09/2003	Cession de parts
03/09/2003	Acte sous seing privé
31/03/2003	Augmentation de Capital
31/03/2003	Statuts mis à jour
31/03/2003	Cession de parts
31/03/2003	Acte sous seing privé
31/03/2003	PV d'Assemblée
02/12/2002	Formation de Société
02/12/2002	Acte sous seing privé
02/12/2002	Statuts
02/12/2002	Nomination/démission des organes de gestion
02/12/2002	PV d'Assemblée

ESTABLISHMENT EVENTS HISTORY

Date	Description
08/11/2012	Update Limit
08/11/2012	Update Rating
24/10/2012	Update of phone numbers
13/09/2012	Update Rating
16/04/2012	Update Rating
04/02/2012	Update Rating
27/09/2011	Update Limit
27/09/2011	Update Rating
26/05/2011	Update Rating
05/01/2011	Update Rating
19/08/2010	Update Rating
14/05/2010	Formation of Head office (after transfer)

directors

Name	Mme. PROTO SYBILLE
Manager position	Président	Date of birth	07/03/1977
Place of birth	PARIS (75008)
Type	Individual	Name at birth	ROGER VASSELIN

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Président	Mme SYBILLE PROTO	07/03/1977 - PARIS (75008)
Président	Mme SYBILLE PROTO	07/03/1977 - PARIS (75008)
Gérant	MME SYBILLE ROGER VASSELIN	07/03/1977 - PARIS 08

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.87
UK Pound	1	Rs.83.59
Euro	1	Rs.72.37

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%)

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.