MIRA INFORM REPORT

Report Date :

08.01.2013

IDENTIFICATION DETAILS

Name :	MAGELLAN
Registered Office :	La Moinerie 10 Imp Du Grand Jardin 35400 Saint Malo
Country :	France
Financials (as on) :	28.02.2005
Date of Incorporation :	August 2002
Com. Reg. No.:	RCS Saint-Malo 0 443 061 304
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesale (intercompany trade) clothing and shoes
No. of Employees :	20 to 49 employees

RATING & COMMENTS

MIRA’s Rating :

Ca

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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

NOTES :

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

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

Country Name	Previous Rating (31.03.2011)	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

MAGELLAN

SIRET 443 061 304 00012

Summary

Personal comment

company summary

		EUR VAT Number	FR05443061304
Activity (APE)	Wholesale (intercompany trade) clothing and shoes (4642Z)	Legal form	Simplified joint stock company
Phone	02 99 19 98 98	RCS Registration	RCS Saint-Malo 0 443 061 304
Fax		Share capital	250,000 Euros
Address	MAGELLAN LA MOINERIE 10 IMP DU GRAND JARDIN 35400 SAINT MALO	Incorporated Date	08/2002
Nationality	France	Status

Message For Rating

Last accounts published reveal negative net worth

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This company is not under monitoring

Current Directors

1

Trading to Date	02/28/2005
Turnover	10,258,024 €
Gross Operating Surplus	-2,54 % Turnover
Shareholders’ equity	-319,608 €
Net result	-295,964 €
Employees	20 to 49 employees

No trends info for the company

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)
RCS Registration	RCS Saint-Malo 0 443 061 304	Share capital	250,000 Euros
Registration Court	Saint-Malo (35)	Legal form	Simplified joint stock company
Court Registry Number	20 0 2B001	EUR VAT Number	FR05443061304
Incorporation Date	08/2002	Formation Date	07/2002
Deregistration Date		Last account Date	28/02/2005
Nationality	France

Establishment details

Activity (APE)	Centrales d'achat non alimentaires (4619A)	Business Pages FT®
Postal Address	MAGELLAN LA MOINERIE 10 IMP DU GRAND JARDIN 35400 SAINT MALO	Trading Address	10 IMPASSE DU GRAND JARDIN 35400 SAINT MALO
Telephone	02 99 19 98 98
Fax

Type	Head office	Status
Formation Date	07/2002	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Ille-et-Vilaine (35)	Region	Bretagne
District	4	Area	96
City	SAINT MALO	Size of urban area

Other establishments

Branches	2 branch entities in this company
Head office	> MAGELLAN <<<  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in SAINT MALO  (35400)
Secondary establishments	>  MAGELLAN  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in SAINT MALO  (35400)

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

20 to 49 employees

Company workforce

20 to 49 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	28/02/2005
Account period (month)	12
Account Type	Normal
Deposit date	-
Activity Code	4642Z
Employees	1	-	-

Active account

Annual Accounts	28/02/2005	Sector Median 2005
Capital not called	0	0	0%
Total fixed assets	32 812	36 004	-8,9%
- Intangible assets	1 932	1 084	78,2%
- Tangible assets	30 879	7 202	328,8%
- Financial assets	0	4 156,50	0%
Net current assets	5 224 512	220 854,50	2265,6%
- Stocks	3 614 119	53 646,50	6636,9%
- Advanced payments	0	0	0%
- Receivables	1 487 338	72 639	1947,6%
- Securities and cash	123 054	26 621,50	362,2%
- Prepaid expenses	-	48	-
Accounts of regularization	0	0	0%
Total Assets	5 257 324	299 569	1655,0%

Passive Account

Annual Accounts	28/02/2005	Sector Median 2005
Shareholders' equity	-319 608	58 518	-646,2%
Share capital	250 000	9 146	2633,4%
Other capital resources	0	0	0%
Risk Provisions	0	0	0%
Liabilities	5 576 932	202 378	2655,7%
- Financial liabilities	0	19 586,50	0%
- Advanced payments received	0	0	0%
- Trade account payables	4 225 633	74 877	5543,4%
- Tax and social liabilities	11 299	44 998	-74,9%
- Other debts and fixed assets liabilities	1 340 000	9 752	13640,8%
Account regularization	0	0	0%
Total liabilities	5 257 324	299 569	1655,0%

Results

Annual Accounts	28/02/2005	Sector Median 2005
Sales of Goods	10 258 059	487 868,50	2002,6%
Net turnover	10 258 024	478 049	2045,8%
- of which net export turnover	26 878	1 318	1939,3%
Operating charges	10 532 187	480 623,50	2091,4%
Operating profit/loss	-274 128	11 606,50	-2461,8%
Financial income	819	18,50	4327,0%
Financial charges	7 656	1 657	362,0%
Financial profit/loss	-6 837	-570	-1099,5%
Pretax net operating income	-280 964	9 857	-2950,4%
Extraordinary income	10 317	178,50	5679,8%
Extraordinary charges	10 317	440,50	2242,1%
Extraordinary profit/loss	0	0	0%
Net result	-295 964	9 045	-3372,1%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	28/02/2005
Months	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

		28/02/2005
Grand Total (I to VI)	Net	5 257 324
Gross	CO	5 276 852
Amortisation	1A	19 529

Non declared distributed capital (I)

		28/02/2005
Non declared distributed capital (I)	AA3	0
Gross	AA	-

Active fixed asset (II)

		28/02/2005
Total Active fixed asset (II)	Net	32 812
Gross	BJ	52 341
Amortisation	BK	19 529

Intangilble fixed assets

			28/02/2005
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R & D expenses	Net	0
	Gross	CX	0
	Amortisation	AE	0
	Distributorships, patents	Net	1 932
	Gross	AF	4 656
	Amortisation	AG	2 724
	Goodwill	Net	0
	Gross	AH	0
	Amortisation	AI	0
	Other intangible fixed assets	Net	0
	Gross	AJ	0
	Amortisation	AK	0
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0
Sub Total Intangible Assets		Net	1 932

Tangilble fixed assets

		28/02/2005
Lands	Net	0
Gross	AN	0
Amortisation	AO	0
Buildings	Net	0
Gross	AP	0
Amortisation	AQ	0
Plant	Net	0
Gross	AR	0
Amortisation	AS	0
Other tangible fixed assets	Net	30 879
Gross	AT	47 684
Amortisation	AU	16 805
Fixed assets in construction	Net	0
Gross	AV	0
Amortisation	AW	0
Advances and payments on account	Net	0
Gross	AX	0
Amortisation	AY	0
Sub Total Tangible asset	Net	30 879

Financial assets

		28/02/2005
Associates at equity	Net	0
Gross	CS	0
Amortisation	CT	0
Other participations	Net	0
Gross	CU	0
Amortisation	CV	0
Inter-company receivables	Net	0
Gross	BB	0
Amortisation	BC	0
Other investment securities	Net	0
Gross	BD	0
Amortisation	BE	0
Loans	Net	0
Gross	BF	0
Amortisation	BG	0
Other financial assets	Net	0
Gross	BH	0
Amortisation	BI	0
Sub Total Financial Assets		0

Current Assets (III)

		28/02/2005
Total Assets	Net	5 224 512
Gross	CJ	5 224 512
Amortisation	CK	0

Stocks

		28/02/2005
Raw materials	Net	0
Gross	BL	0
Amortisation	BM	0
Work in progress (goods)	Net	0
Gross	BN	0
Amortisation	BO	0
Work in progress (services)	Net	0
Gross	BP	0
Amortisation	BQ	0
Semi-finished and finished products	Net	0
Gross	BR	0
Amortisation	BS	0
Goods for resale	Net	3 614 119
Gross	BT	3 614 119
Amortisation	BU	0
Sub Total Stocks	Net	3 614 119

Advance payments to suppliers

		28/02/2005
Advance payments to suppliers	Net	0
Gross	BV	0
Amortisation	BW	0

Debtors

		28/02/2005
Trade accounts receivable	Net	1 226 628
Gross	BX	1 226 628
Amortisation	BY	0
Other debtors	Net	253 796
Gross	BZ	253 796
Amortisation	CA	0
Capital subscribed and called up	Net	0
Gross	CB	0
Amortisation	CC	0
Sub Total Debtors	Net	1 480 424

Divers

		28/02/2005
Investment securities	Net	0
Gross	CD	0
Amortisation	CE	0
Cash and cash equivalents	Net	123 054
Gross	CF	123 054
Amortisation	CG	0
Sub Total Divers	Net	123 054

Prepaid expenses

		28/02/2005
Prepaid expenses	Net	6 914
Gross	CH	6 914
Amortisation	CI	0

Equalization accounts (IV to VI)

		28/02/2005
Multi-period charges	CW3	0
Gross		-
Premiums on redemption of bonds	CM3	0
Gross		-
Currency differential gain	CN3	0
Gross		-

References

		28/02/2005
Due within one year	CP	0
Due after one year	CR	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		28/02/2005
Grand Total (I to V)	EE	5 257 324

Shareholder Equity (I)

		28/02/2005
Total shareholders' equity (Total I)	DL	-319 608
Equity and shareholders' equity	DA	250 000
Issue and merger premiums	DB	0
Revaluation differentials	DC	0
Of which equity differential	EK	0
Legal reserve	DD	0
Statutory or contractual reserve	DE	0
Special regulated reserves	DF	0
Of which special reserve of provisions for current fluctuation	B1	0
Other reserves	DG	0
Of which reserve for buying originals works from alive artists	EJ	0
Profits or losses brought forward	DH	-273 644
Profit or loss for the period	DI	-295 964
Investment grants	DJ	0
Special tax-allowable reserves	DK	0

Other capital resources (II)

		28/02/2005
Total other capital resources (Total II)	DO	0
Income from participating securities	DM	0
Conditional loans	DN	0

Provisions for risks and charges (III)

		28/02/2005
Total provisions for risks and charges (Total III)	DR	0
Risk provisions	DP	0
Reserves for charges	DQ	0

Liabilities (IV)

		28/02/2005
Total Liabilities (Total IV)	EC	5 576 932
Convertible debentures	DS	0
Other debentures	DT	0
Bank loans and liabilities	DU	0
Sundry loans and financial liabilities	DV	0
Of which participating loans	EI	0
Advance payments received for current orders	DW	0
Trade accounts payables	DX	4 225 633
Tax and social security liabilities	DY	11 299
Fixed asset liabilities	DZ	0
Other debts	EA	1 340 000

Translation loss (V)

		28/02/2005
Translation loss (Total V)	ED	0

Equalization accounts

		28/02/2005
Deferred income	EB	0

References

		28/02/2005
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	4 236 932
Of which current bank facilities	EH	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)

		28/02/2005
Operating result (Total I-II)	GG	-274 128

2 - Financial result (V - VI)

		28/02/2005
Financial result (Total V-VI)	GV	-6 837

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

		28/02/2005
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-280 964

4 - Extraordinary result (VII-VIII)

		28/02/2005
Extraordinary result (Total VII-VIII)	HI	0

Profit or loss

		28/02/2005
Profit or loss	HN	-295 964

Total Income (I+III+V+VII)

		28/02/2005
Total Income (I+III+V+VII)	HL	10 269 195

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

		28/02/2005
Total charges (Total II+IV+VI+VIII+IX+X)	HM	10 565 160

Operating income (I)

		28/02/2005
Total operating income (Total I)	FR	10 258 059

Operating income (details)

		28/02/2005
Sale of goods for resale	FC	10 032 634
France	FA	10 023 687
Export	FB	8 947
Sale of goods produced	FF	0
France	FD	0
Export	FE	0
Sale of services	FI	225 391
France	FG	207 459
Export	FH	17 932
Net turnover	FL	10 258 024
France	FJ	10 231 146
Export	FK	26 878
Stocked production	FM	0
Self-constructed assets	FN	0
Operating grants	FO	0
Release of reserves and provisions	FP	0
Other income	FQ	35

Operating charges (II)

		28/02/2005
Total operating charges (Total II)	GF	10 532 187

Exploitation charges

		28/02/2005
Purchase of goods for resale	FS	9 340 362
Change in stocks of goods for resale	FT	-829 717
Purchase of raw materials	FU	0
Change in stocks of raw materials	FV	0
Other external purchases and charges	FW	1 955 319
Tax, duty and similar payments	FX	12 399
Payroll	FY	30 000
Social security costs	FZ	10 687

Depreciation

		28/02/2005
Depreciation of fixed assets	GA	13 140
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	0
Provisions for risks and charges	GD	0

Other charges

		28/02/2005
Other charges	GE	-04

Operating charges (III-IV)

		28/02/2005
Share of joint-venture transferred to other partner(s) (Total III)	GH	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0

Financial income (V)

		28/02/2005
Total financial income (Total V)	GP	819
Share financial income	GJ	0
Other investment income & capitalised receivables	GK	0
Other interest and similar income	GL	819
Released provisions and transferred charges	GM	0
Exchange gains	GN	0
Net income from disposal of investment securities	GO	0

Financial Charge (VI)

		28/02/2005
Total financial charge (Total VI)	GU	7 656
Financial reserves and provisions	GQ	0
Interest and similar charges	GR	7 656
Exchange losses	GS	0
Net loss from disposal of investment securities	GT	0

Financial Charge (VII)

		28/02/2005
Total extraordinary income (Total VII)	HD	10 317
Extraordinary operating income	HA	0
Extraordinary income from capital transactions	HB	10 317
Released provisions and transferred charges	HC	0

Extraordinary charges (VIII)

		28/02/2005
Total extraordinary charges (Total VIII)	HH	10 317
Extraordinary operating charges	HE	0
Extraordinary charges from capital transactions	HF	10 317
Extraordinary reserves and provisions	HG	0

Employee profit sharing (IX)

		28/02/2005
Employee profit sharing (Total IX)	HJ	0

Tax on profits (X)

		28/02/2005
Tax on profits (Total X)	HK	15 000

References

		28/02/2005
Of which equipment leases	HP	0
Of which property leases	HQ	0
Of which transferred charges	A1	0
Of which trader's own contributions	A2	0
Of which royalties on licences and patents (income)	A3	0
Of which royalties on licences and patents (charges)	A4	0

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)

		28/02/2005
Gross value at begin of period	OG	23 995
Increasess due to revaluation	OH	0
Decreasess, acquisitions, creations, contributions	OJ	32 518
Decreasess by budget item transfer	OK1	0
Decreasess by transfers	OK2	4 172
Gross value at the end of period	OL	52 341

Research and development Charge (Total I)

		28/02/2005
Gross value at begin of period	CZ	0
Increasess due to revaluation	KB	0
Increasess, acquisitions, creations, contributions	KC	0
Decreasess by budget item transfer	C01	0
Decreasess by transfers	C02	0
Gross value at the end of period	D0	0

Other budget item from Intangible fixed assets (Total II)

		28/02/2005
Gross value at begin of period	KD	4 656
Increasess due to revaluation	KE	0
Increasess, acquisitions, creations, contributions	KF	0
Decreasess by budget item transfer	LV1	0
Decreasess by transfers	LV2	0
Gross value at the end of period	LW	4 656

Tangible fixed assets (Total III)

		28/02/2005
Gross value at begin of period	LN	19 339
Increasess due to revaluation	LO	0
Increasess, acquisitions, creations, contributions	LP	32 518
Decreasess by budget item transfer	NG1	0
Decreasess by transfers	NG2	4 172
Gross value at the end of period	NH	47 684

Fiancial assets (Total IV)

		28/02/2005
Gross value at begin of period	LQ	0
Increasess due to revaluation	LR	0
Increasess, acquisitions, creations, contributions	LS	0
Decreasess by budget item transfer	NJ1	0
Decreasess by transfers	NJ2	0
Gross value at the end of period	NK	0

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

			28/02/2005
	Reserve for depreciation value at begin of period	0N	6 389
Increases		0P	13 140
Decreasess		0Q	0
	Reserve for depreciation value at the end of period	0R	19 529

Research and development charge (Total I)

			28/02/2005
	Reserve for depreciation value at begin of period	CY	0
Increases		PB	0
Decreasess		PC	0
	Decreasess by budget item transfer	PD	0

Other intangible assets (Total II)

			28/02/2005
	Reserve for depreciation value at begin of period	PE	1 172
Increases		PF	1 552
Decreasess		PG	0
	Decreasess by budget item transfer	PH	2 724

Total fixed assets amotisation (Total III)

			28/02/2005
	Reserve for depreciation value at begin of period	QU	5 217
Increases		QV	11 588
Decreases		QW	0
	Decreasess by budget item transfer	QX	16 805

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

			28/02/2005
	Gross value at begin of period	Z91	0
Increases		Z92	0
Depreciation of fixed assets during period		Z9	0
	Decreasess by budget item transfer	B1	0

Premium refund of obligations

			28/02/2005
	Net value at begining of period	SP1	0
Increases		SP2	0
Depreciation of fixed assets during period		SP	0
	Net value at the end of period	SR	0

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

			28/02/2005
	Value at begining of period	7C	0
Increases		UB	0
Decreases		UC	0
	Value at the end of period	UD	0

Includes Total allocations

Operating	UE	0
Financial	UG	0
Exceptional	UJ	0

Includes Total Withdrawal

Operating	UF	0
Financial	UH	0
Exceptional	UK	0

Total regulated provisions (Total I)

			28/02/2005
	Value at begining of period	3Z	0
Increases		TS	0
Decreases		TT	0
	Value at the end of period	TU	0

Total risk and charge provisions (Total II)

			28/02/2005
	Value at begining of period	5Z	0
Increases		TV	0
Decreases		TW	0
	Value at the end of period	TX	0

Total Provision for depreciation (Total III)

			28/02/2005
	Value at begining of period	7B	0
Increases		TY	0
Decreases		TZ	0
	Value at the end of period	UA	0

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

		28/02/2005
Gross value	VT	1 487 338
1 year at most	VU	1 487 338
More than one year	VV	0

State of loans

		28/02/2005
Claims related to holdings (gross)	UL	0
Claims related to shareholdings (1 year at most)	UM	0
Loans (gross)	UP	0
Loans (1 year at most)	UR	0
Other financial assets (gross)	UT	0
Other financial assets (1 year at most)	UV	0

Receivables statement of assets

		28/02/2005
Customers doubtful or disputed	VA	0
Other claims customer	UX	1 226 628
Receivables represent Loaned Securities	UU	0
Provision for depreciation previously established	UQ	0
Personnel and associated accounts	UY	0
Social Security and other social organizations	UZ	0
Income taxes	VM	0
Value added tax	VB	211 208
Other taxes and payments assimilated	VN	0
State and other public - Miscellaneous	VP	0
Group and Associates	VC	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	42 588

Prepaid

		28/02/2005
Prepaid	VS	6 914

State Debt

			28/02/2005
	Total debt (gross)	VY	5 576 932
1 year at most		VZ2	4 236 932
More than 1 year and 5 years at most		VZ3	1 340 000
More than 5 years		VZ4	0

Details

			28/02/2005
	Convertible bonds (gross)	7Y1	0
1 year at most		7Y2	0
More than 1 year and 5 years at most		7Y3	0
	Other bonds (gross)	7Z1	0
1 year at most		7Z2	0
More than 1 year and 5 years at most		7Z3	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0
1 year at most		VG2	0
More than 1 year and 5 years at most		VG3	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0
1 year at most		VH2	0
More than 1 year and 5 years at most		VH3	0
	Loans and various financial liabilities (gross)	8A1	0
1 year at most		8A2	0
More than 1 year and 5 years at most		8A3	0
	Suppliers and associated accounts (gross)	8B1	4 225 633
1 year at most		8B2	4 225 633
More than 1 year and 5 years at most		8B3	0
	Personnel and associated accounts (gross)	8C1	2 059
1 year at most		8C2	2 059
More than 1 year and 5 years at most		8C3	0
	Social Security and other social organizations (gross)	8D1	2 667
1 year at most		8D2	2 667
More than 1 year and 5 years at most		8D3	0
	Taxes on profits (gross)	8E1	0
1 year at most		8E2	0
More than 1 year and 5 years at most		8E3	0
	VAT (gross)	VW1	6 223
1 year at most		VW2	6 223
More than 1 year and 5 years at most		VW3	0
	Backed Obligations (gross)	VX1	0
1 year at most		VX2	0
More than 1 year and 5 years at most		VX3	0
	Other taxes and assimilated (gross)	VQ1	350
1 year at most		VQ2	350
More than 1 year and 5 years at most		VQ3	0
	Assets and liabilities associated accounts (gross)	8J1	0
1 year at most		8J2	0
More than 1 year and 5 years at most		8J3	0
More than 5 years		8J4	0
	Groups and associates (gross)	VI1	0
1 year at most		VI2	0
More than 1 year and 5 years at most		VI3	0
More 5 years		VI4	0
	Other liabilities (gross)	8K1	1 340 000
1 year at most		8K2	0
More than 1 year and 5 years at most		8K3	1 340 000
	Debt representative of borrowed securities (gross)	SZ1	0
1 year at most		SZ2	0
More than 1 year and 5 years at most		SZ3	0
	Products in advance (gross)	8L1	0
1 year at most		8L2	0
More than 1 year and 5 years at most		8L3	0

References

		28/02/2005
Loans made during the period	VJ	0
Debt repaid during the period	VK	0

Table allocation results and other information
Dividends distributed

		28/02/2005
Dividends	ZE	0

Commitments

		28/02/2005
Commitments leasing furniture	YQ	0
Commitments Real Estate Leasing	YR	0
Effects brought to the discount and unmatured	YS	0

Other charges Externes

		28/02/2005
Subcontracting	YT	766 700
Rentals, rental charges and condominiums	XQ	158 151
Staff outside the company	YU	518 980
Remuneration intermediaries and fees (excluding fees)	SS	76 639
Fees, commissions and brokerage	YV	0
Other accounts	ST	434 851
Total Other purchases and external	ZJ	1 955 319

Taxes and Fees

		28/02/2005
Business tax	YW	2 261
Other taxes and payments assimilated	9Z	10 138
Total taxes and fees	YX	12 399

VAT

		28/02/2005
Amount VAT collected	YY	2 014 969
Total VAT on goods and services	YZ	2 037 838

Average number of employees

		28/02/2005
Average number of employees	YP	01

Groups and Shareholders

		28/02/2005
Groups and Shareholders	ZR	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	28/02/2005	Sector Median 2005
Fixed Asset Financing	-5,73	2,03	-382,3%
Global Debt	196 days	135 days	45,2%
Working Capital Fund overall net	-12 days	44 days	-127,3%
Financial independence	%	388,39%	-
More ratios
Solvability	-6,08%	26,65%	-122,8%
Capacity debt futures	%	946,48%	-
Coverage of current assets by net working capital overall	-6,75%	29,77%	-122,7%
General Liquidity	0,35	0,49	-28,6%
Restricted Liquidity	0,38	0,80	-52,5%

Management or rotation

	28/02/2005	Sector Median 2005
Need background in operating working capital	-17 days	13 days	-230,8%
Treasury	4 days	4 days	0%
Inventory turnover of goods	153 days	76 days	101,3%
Average length of credit granted to customers	36 days	36 days	0%
Average length of credit obtained suppliers	122 days	65 days	87,7%
More ratios
Inventory turnover of raw materials in industrial enterprises	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	2210 days	-
Rotation tangible assets	21512,51%	1952,13%	1002,0%

Profitability of the business

	28/02/2005	Sector Median 2005
Margin trading	14,84%	30,77%	-51,8%
Profitability of the business	-2,54	3,72%	-168,3%
Net profit	-2,89%	1,97%	-246,7%
More ratios
Growth rate of turnover (excluding VAT)	%	0,64%	-
Rates integration	-2,03%	19,65%	-110,3%
Rate leasing furniture	0%	0%	0%
Work Factor	-19,57%	67,08%	-129,2%
Weight interests	0,07	0,42%	-83,3%

Return on capital

	28/02/2005	Sector Median 2005
Cash flow from the overall profitability	-2,76%	2,43%	-213,6%
Rates of economic profitability	82%	18%	355,6%
Financial profitability	-319608%	34984%	-1013,6%
Return on investment	90,21%	14,05%	542,1%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	28/02/2005	Sector Median 2005
Turnover	10 258 024	478 049 €	2045,8%

Sales of goods	10 032 634
- Purchase of goods	9 340 362
+/- Stock of goods variation	-829 717
Trading margin	1 521 989 €	107 534 €	1315,4%
	14,84 % CA	32,13 % CA	-53,8%

Sale of goods produced	225 391
+/- Stocked production	0
+ Self-constructed assets	0
Period production	225 391 €	4 535 €	4870,0%
	2,20 % CA	1,39 % CA	58,3%

Trading margin	1 521 989	107 534	1315,4%
+ Period Production	225 391	4 535	4870,0%
- Purchase of raw materials	0
+/- Change in stocks of raw materiels	0
- Other external purchases and charges	1 955 319
Added value	-207 939 €	92 726 €	-324,3%
	-2,03 % CA	19,63 % CA	-110,3%

Added value	-207 939 €	92 726 €	-324,3%
+ Operating grants	0
- Tax, duty and similar payments	12 399
- Personal charges	40 687
Gross operating surplus	-261 025 €	14 422,50 €	-1909,8%
	-2,54 % CA	3,72 % CA	-168,3%

Gross operating surplus	-261 025 €	14 422,50 €	-1909,8%
+ Release of reserves and provisions	0
+ Other operating income	35
- Depreciation/Amortisation	13 140
- Other charges	-04
Operating result	-274 126 €	11 587 €	-2465,8%
	-2,67 % CA	2,73 % CA	-197,8%

Operating result	-274 126 €	11 587 €	-2465,8%
+/- Result of joint-venture transferred from/to other partners	0
+ Financial income	819
- Financial charges	7 656
Pre-tax result	-280 963 €	9 801,50 €	-2966,5%
	-2,74 % CA	2,25 % CA	-221,8%

Extraordinary income	10 317	178,50	5679,8%
- Extraordinary charges	10 317
Extraordinary result	0 €	0 €	0%
	0,00 % CA	0 % CA	0%

Pre-tax result	-280 963 €	9 801,50 €	-2966,5%
Extraordinary result	0 €	0 €	0%
- Employee profit sharing	0
- Tax on profits	15 000
Net result	-295 963 €	9 047 €	-3371,4%
	-2,89 % CA	1,97 % CA	-246,7%

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
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
10/05/2009	Bodacc B	Modification et mutation diverse
35 - ILLE-ET-VILAINE GREFFE DU TRIBUNAL DE COMMERCE DE SAINT-MALO 296 - 443 061 304 RCS Saint-Malo. MAGELLAN. Forme : Société par actions simplifiée. Administration : Président : BEAUMANOIR Roland. Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT (SA). Commissaire aux comptes suppléant : PERRIER Christian. Commentaires : Modification survenue sur l'administration.
13/03/2007	Bodacc B	Modifications et mutations diverses
862 - RCS Saint-Malo B 443 061 304. RC 02-B 186. MAGELLAN. Forme : S.A.S. Adresse du siège social : La Moinerie, 10 impasse du Grand-Jardin,, 35400 Commentaires : modification survenue sur l'administration. Administration : président : BEAUMANOIR (Roland) (Nom d'usage : BEAUMANOIR). Commissaire aux comptes titulaire : SOCIETE FITECO. Commissaire aux comptes suppléant : BASTHISTE (Paul) (Nom d'usage : BASTHISTE). Date d'effet : 1er janvier 2007.
31/03/2006	Bodacc B	Modifications et mutations diverses
1110 - RCS Saint-Malo B 443 061 304. RC 02-B 186. MAGELLAN. Forme : S.A.S. Adresse du siège social : La Moinerie, 10 impasse du Grand-Jardin,, 35400 Commentaires : modification survenue sur l'administration. Administration : président : COIGNARD (Christophe) (Nom d'usage : COIGNARD). Vice-président : C.C.V. BEAUMANOIR, représentée par BEAUMANOIR (Roland) (Nom d'usage : BEAUMANOIR). Commissaire aux comptes titulaire : STE FITECO. Commissaire aux comptes suppléant : BASTHISTE (Paul) (Nom d'usage : BASTHISTE). Date d'effet : 16 décembre 2005.
12/02/2006	Bodacc C	Avis de dépôt des comptes
2198 - RCS Saint-Malo B 443 061 304. RC 02-B 186. MAGELLAN. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: "la Moinerie" 10, impasse du Grand Jardin,35400 Saint-Malo. Comptes annuels et rapports de l'exercice clos le: 28 février 2005.
19/09/2004	Bodacc B	Modifications et mutations diverses
RCS Saint-Malo B 443061304 RC 02-B 186 MAGELLAN. Forme : S.A.S. Capital : 250 000 euros. Adresse du siège social : La Moinerie, 10 impasse du Grand-Jardin, 35400 Saint-Malo. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : M.L.2.C., représentée par COIGNARD ( Christophe) ( Nom d'usage : COIGNARD). Vice-président : C.C.V. BEAUMANOIR, représenté par BEAUMANOIR (Roland) ( Nom d'usage : BEAUMANOIR). Administrateurs : IDEME, représentée par MAINTROT (Denis) ( Nom d'usage : MAINTROT) COMATEX, représentée par COUE (José) ( Nom d'usage : COUE) AERTS, représentée par AERTS (Jacques) ( Nom d'usage : AERTS) COPADI, représentée par POTIER (Alain) ( Nom d' usage : POTIER) NORMINVET, représentée par COLLET (Vincent) ( Nom d'usage : COLLET). Commissaire aux comptes titulaire : STE FITECO. Commissaire aux comptes suppléant : BASTHISTE (Paul) ( Nom d'usage : BASTHISTE). Date d'effet : 10 juin 2004.
21/04/2004	Bodacc B	Modifications et mutations diverses
RCS Saint-Malo B 443061304 RC 02-B 186 MAGELLAN. Forme : S.A.S. Capital : 250 000 euros. Adresse du siège social : La Moinerie, 10 impasse du Grand-Jardin, 35400 Saint-Malo. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : M.L.2.C, représentée par COIGNARD ( Christophe) ( Nom d'usage : COIGNARD). Vice-président : C.C.V. BEAUMANOIR, représentée par BEAUMANOIR (Roland) ( Nom d'usage : BEAUMANOIR). Administrateurs : IDEME, représentée par MAINTROT (Denis) ( Nom d'usage : MAINTROT) COMATEX, représentée par COUE (José) ( Nom d'usage : COUE) AERTS, représentée par AERTS (Jacques) ( Nom d'usage : AERTS) COPADI, représentée par POTIER (Alain) ( Nom d' usage : POTIER) SADIMOTEX, représentée par MARONNEAU (Gérard) ( Nom d'usage : MARONNEAU) NORMINVET, représentée par COLLET (Vincent) ( Nom d'usage : COLLET). Commissaire aux comptes titulaire : STE FITECO. Commissaire aux comptes suppléant : BASTHISTE (Paul) ( Nom d'usage : BASTHISTE). Date d'effet : 15 janvier 2004.
01/09/2002	Bodacc A	Création d'établissement
RCS Saint-Malo B 443061304 RC 02-B 186 MAGELLAN. Forme : S.A.S. Capital : 250 000 euros. Adresse du siège social : La Moinerie, 10 impasse du Grand-Jardin, 35400 Saint-Malo. Administration : président du conseil d'administration : ML 2C, représentée par COIGNARD ( Christophe) ( Nom d'usage : COIGNARD). Vice-président : C.C.V. BEAUMANOIR, représentée par BEAUMANOIR (Roland) ( Nom d'usage : BEAUMANOIR). Administrateurs : IDEME, représentée par MAINTROT (Denis) ( Nom d'usage : MAINTROT) COMATEX, représentée par COUE (José) ( Nom d'usage : COUE) AERTS, représentée par AERTS (Jacques) ( Nom d'usage : AERTS) COPADI, représentée par POTIER (Alain) ( Nom d' usage : POTIER) SADIMOTEX, représentée par MARONNEAU (Gérard) ( Nom d'usage : MARONNEAU) NORMINVET, représentée par COLLET (Vincent) ( Nom d'usage : COLLET). Commissaire aux comptes titulaire : SOFIDEM LADONNE, représentée par COURTOIS (Jean-Michel) ( Nom d'usage : COURTOIS). Commissaire aux comptes suppléant : PERRIN (Jean- Jacques) ( Nom d'usage : PERRIN) Cette société se constitue Etablissement principal: Activité : création, gestion d'une centrale d'achat en vue de la vente de tous tissus, de tous articles de nouveauté, de confection pour hommes, femmes et enfants notamment, de pret- à-porter, d'habillement, de lingerie, de maillots de bains, de chaussures, de maroquinerie, de jouets, de poupées et de tous accessoires liés à la mode, en général. Adresse : La Moinerie, 10 impasse du Grand-Jardin, 35400 Saint- Malo Date de début d'activité: 1 e r juillet 2002.

Company events history

Date	Description
01/05/2010	Transfer of Establishment
10/02/2010	Minutes of general meeting of shareholders
28/01/2010	Payment incident closed
31/12/2009	Modification of Company Activity
31/12/2009	Update of Company Activity
13/11/2009	Payment incident detected
10/05/2009	Bodacc B: Various editing or changing
21/04/2009	Private document
21/04/2009	Appointment/resignation of company officers
21/04/2009	Minutes of general meeting of shareholders
21/04/2009	New auditor
17/09/2007	Minutes of general meeting of shareholders
17/09/2007	Amendment
17/09/2007	Updated articles of association
17/09/2007	Private document
17/09/2007	Acte modificatif
17/09/2007	Statuts mis à jour
10/07/2007	Requête et Ordonnance
10/07/2007	Application and court order
15/02/2007	Appointment/resignation of company officers
15/02/2007	Private document
15/02/2007	PV d'Assemblée
15/02/2007	Minutes of general meeting of shareholders
25/02/2006	Nomination/démission des organes de gestion
25/02/2006	Appointment/resignation of company officers
25/02/2006	Private document
25/02/2006	Acte sous seing privé
25/02/2006	Modification du Conseil d'Administration
25/02/2006	Changes to the Board of Directors
25/02/2006	Changement de Président (PDG, PCA)
25/02/2006	Updated articles of association
25/02/2006	Statuts mis à jour
25/02/2006	PV d'Assemblée
26/07/2005	Requête et Ordonnance
28/02/2005	New accounts available
02/09/2004	Changes to the Board of Directors
02/09/2004	Minutes of general meeting of shareholders
02/09/2004	Nomination/démission des organes de gestion
02/09/2004	Appointment/resignation of company officers
02/09/2004	PV d'Assemblée
02/09/2004	Modification du Conseil d'Administration
02/09/2004	Continuation malgré perte supérieure à la moitié du capital
02/09/2004	Continuation of business despite loss of equity
02/09/2004	Acte modificatif
02/09/2004	Acte sous seing privé
02/09/2004	Private document
31/03/2004	Nomination/démission des organes de gestion
31/03/2004	PV d'Assemblée
31/03/2004	Changement de Commissaire aux Comptes
31/03/2004	Acte modificatif
31/03/2004	Acte sous seing privé
13/08/2002	Nomination/démission des organes de gestion
13/08/2002	Statuts
13/08/2002	Formation de Société
13/08/2002	PV du Conseil d'Administration
13/08/2002	Acte sous seing privé

Establishment events history

Date	Description
14/11/2012	Update of phone numbers
01/05/2010	Modification of Establishment (before transfer)
31/12/2009	Modification of Head office
30/04/2008	Update Limit
29/04/2008	Update Rating
20/02/2008	Update Limit
19/02/2008	Update Rating
13/01/2008	Update Limit
10/12/2007	Update Limit

directors

Name	M. BEAUMANOIR ROLAND
Manager position	Président	Date of birth	20/01/1949
Place of birth	ST-MALO (35)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Président	M ROLAND BEAUMANOIR	- - -
Président	M ROLAND BEAUMANOIR	20/01/1949 - SAINT SERVAN
Président	M CHRISTOPHE COIGNARD	22/12/1957 - RENNES

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.98
UK Pound	1	Rs.88.11
Euro	1	Rs.71.67

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.