MIRA INFORM REPORT

Report Date :

13.07.2013

IDENTIFICATION DETAILS

Name :	SELECT
Registered Office :	11 Rue Leon Jouhaux, 75010 Paris 10
Country :	France
Financials (as on) :	31.07.2011
Date of Incorporation :	June 1997
Com. Reg. No.:	RCS Paris 9 412 577 736
Legal Form :	Limited Liability Company
Line of Business :	Wholesale business of other household goods
No. of Employees :	3 to 5 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
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 – March 31^st 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
France	A1	A1

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

france ECONOMIC OVERVIEW

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

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Name

SELECT

SIRET

412 577 736 00025

Company Summary

		EUR VAT Number	FR28412577736
Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z) (Wholesale (business to business) other household goods (4649Z))	Legal form	Limited Liability Company
Phone	01 40 40 99 44	RCS Registration	RCS Paris 9 412 577 736
Fax
Address	SELECT 11 RUE LEON JOUHAUX 75010 PARIS 10	Incorporated Date	06/1997
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Current Directors

1

directors

Name	M. JADAT JEAN-PIERRE
Manager position	Manager	Date of birth	14/12/1956
Place of birth	GRASSE (06130)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Manager	M ROBERT JADAT	- - -

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

7,622 Euros

GROUP STRUCTURE & AFFILIATED COMPANIES

Linkages

No linked companies

FINANCIAL INFORMATION

Trading to Date

07/31/2011

07/31/2010

07/31/2009

Turnover

2,380,923 €

1,952,455 €

1,864,106 €

Gross Operating Surplus

9,21 % Turnover

11,39 % Turnover

11,63 % Turnover

Shareholders’ equity

1,527,487 €

1,323,145 €

1,152,291 €

Net result

204,342 €

170,854 €

152,985 €

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/07/2011	31/07/2010	31/07/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	29/11/2012	23/11/2010	24/11/2010
Activity Code	4649Z	4649Z	4649Z
Employees	0	0	0

Active account

Annual Accounts	31/07/2011		31/07/2010		31/07/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	11 744	0%	11 744	3,7%	11 323	20 182	-41,8%
- Intangible assets	296	0%	296	0%	296	0	0%
- Tangible assets	0	0%	0	0%	0	4 923	0%
- Financial assets	11 744	0%	11 744	3,7%	11 323	1 226,50	857,5%
Net current assets	3 207 378	8,5%	2 955 142	9,4%	2 700 700	197 688,50	1522,4%
- Stocks	2 185 909	3,3%	2 116 767	12,1%	1 887 974	38 579,50	5566,0%
- Advanced payments	0	8,5%	0	0%	0	0	0%
- Receivables	1 021 469	24,9%	817 892	5,7%	773 719	59 210,50	1625,1%
- Securities and cash	0	0%	20 483	-47,5%	39 007	26 718	0%
- Prepaid expenses	-	-	-	-	-	114,50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	3 219 123	8,5%	2 966 887	9,4%	2 712 023	248 260	1196,7%

Passive Account

Annual Accounts	31/07/2011		31/07/2010		31/07/2009	Sector Median 2011
Shareholders' equity	1 527 487	15,4%	1 323 145	14,8%	1 152 291	72 943	1994,1%
Share capital	7 622	0%	7 622	0%	7 622	10 000	-23,8%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1 691 635	2,9%	1 643 741	5,4%	1 559 731	144 861	1067,8%
- Financial liabilities	475 256	131,1%	205 650	-54,0%	446 616	16 751,50	2737,1%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	1 147 295	-17,7%	1 393 975	29,7%	1 075 046	42 750,50	2583,7%
- Tax and social liabilities	69 084	56,6%	44 116	15,9%	38 069	35 206,50	96,2%
- Other debts and fixed assets liabilities	0	0%	0	0%	0	5 131	0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	3 219 123	8,5%	2 966 887	9,4%	2 712 023	248 359,50	1196,2%

Results

Annual Accounts	31/07/2011		31/07/2010		31/07/2009	Sector Median 2011
Sales of Goods	2 380 923	21,9%	1 952 455	4,7%	1 864 106	369 791	543,9%
Net turnover	2 380 923	21,9%	1 952 455	4,7%	1 864 106	363 344,50	555,3%
- of which net export turnover	351 423	2732,0%	12 409	-8,5%	13 567	0	0%
Operating charges	2 161 570	24,9%	1 730 139	5,0%	1 647 376	359 027,50	502,1%
Operating profit/loss	219 353	-1,3%	222 316	2,6%	216 730	7 921,50	2669,1%
Financial income	104 694	41,8%	73 819	21,8%	60 621	22	475781,8%
Financial charges	27 107	-41,8%	46 564	-23,6%	60 972	781	3370,8%
Financial profit/loss	77 587	184,7%	27 255	7865,0%	-351	-188,50	41260,2%
Pretax net operating income	296 940	19,0%	249 571	15,3%	216 379	6 946	4175,0%
Extraordinary income	312	-84,5%	2 008	-38,6%	3 271	01	31100%
Extraordinary charges	0	0%	5 574	8609,4%	64	147,50	0%
Extraordinary profit/loss	312	108,7%	-3 566	-211,2%	3 207	0	0%
Net result	204 342	19,6%	170 854	11,7%	152 985	7 309,50	2695,6%

Display parameter

Currency

Euro

Kilo Euro

Normal Account	31/07/2011	31/07/2010	31/07/2009
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

		31/07/2011		31/07/2010		31/07/2009
Grand Total (I to VI)	Net	3 219 123	8,5%	2 966 887	9,4%	2 712 023
Gross	CO	3 219 802	8,5%	2 967 566	9,4%	2 712 702
Amortisation	1A	679	0%	679	0%	679

Non declared distributed capital (I)

		31/07/2011		31/07/2010		31/07/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

		31/07/2011		31/07/2010		31/07/2009
Total Active fixed asset (II)	Net	11 744	0%	11 744	3,7%	11 323
Gross	BJ	12 423	0%	12 423	3,5%	12 002
Amortisation	BK	679	0%	679	0%	679

Intangible fixed assets

			31/07/2011		31/07/2010		31/07/2009
	Start-up cost	Net	296	0%	296	0%	296
	Gross	AB	296	0%	296	0%	296
	Amortisation	AC	296	0%	296	0%	296
	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	0	0%	0	0%	0
	Gross	AF	0	0%	0	0%	0
	Amortisation	AG	0	0%	0	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	296	0%	296	0%	296

Tangible fixed assets

		31/07/2011		31/07/2010		31/07/2009
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	0	0%	0	0%	0
Gross	AT	383	0%	383	0%	383
Amortisation	AU	383	0%	383	0%	383
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	0		0		0

Financial assets

		31/07/2011		31/07/2010		31/07/2009
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	0	0%	0	0%	0
Gross	CU	0	0%	0	0%	0
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	0	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	11 744	0%	11 744	3,7%	11 323
Gross	BH	11 744	0%	11 744	3,7%	11 323
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		11 744		11 744		11 323

Current Assets (III)

		31/07/2011		31/07/2010		31/07/2009
Total Assets	Net	3 207 378	8,5%	2 955 142	9,4%	2 700 700
Gross	CJ	3 207 378	8,5%	2 955 142	9,4%	2 700 700
Amortisation	CK	0	0%	0	0%	0

Stocks

		31/07/2011		31/07/2010		31/07/2009
Raw materials	Net	0	0%	0	0%	0
Gross	BL	0	0%	0	0%	0
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	0	0%	0	0%	0
Gross	BR	0	0%	0	0%	0
Amortisation	BS	0	0%	0	0%	0
Goods for resale	Net	2 185 909	3,3%	2 116 767	12,1%	1 887 974
Gross	BT	2 185 909	3,3%	2 116 767	12,1%	1 887 974
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	2 185 909	3,3%	2 116 767	12,1%	1 887 974

Advance payments to suppliers

		31/07/2011		31/07/2010		31/07/2009
Advance payments to suppliers	Net	0	0%	0	0%	0
Gross	BV	0	0%	0	0%	0
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/07/2011		31/07/2010		31/07/2009
Trade accounts receivable	Net	984 804	26,2%	780 351	5,8%	737 710
Gross	BX	984 804	26,2%	780 351	5,8%	737 710
Amortisation	BY	0	0%	0	0%	0
Other debtors	Net	36 665	-2,3%	37 541	4,3%	36 009
Gross	BZ	36 665	-2,3%	37 541	4,3%	36 009
Amortisation	CA	0	0%	0	0%	0
Capital subscribed and called up	Net	0	0%	0	0%	0
Gross	CB	0	0%	0	0%	0
Amortisation	CC	0	0%	0	0%	0
Sub Total Debtors	Net	1 021 469	24,9%	817 892	5,7%	773 719

Divers

		31/07/2011		31/07/2010		31/07/2009
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	0	0%	20 483	-47,5%	39 007
Gross	CF	0	0%	20 483	-47,5%	39 007
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	0	0%	20 483	-47,5%	39 007

Prepaid expenses

		31/07/2011		31/07/2010		31/07/2009
Prepaid expenses	Net	0	0%	0	0%	0
Gross	CH	0	0%	0	0%	0
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

31/07/2011

31/07/2010

31/07/2009

Multi-period charges

CW3

0

0%

0

0%

0

Gross

0

0%

0

0%

0

Premiums on redemption of bonds

CM3

0

0%

0

0%

0

Gross

0

0%

0

0%

0

Currency differential gain

CN3

0

0%

0

0%

0

Gross

0

0%

0

0%

0

References

		31/07/2011		31/07/2010		31/07/2009
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/07/2011		31/07/2010		31/07/2009
Grand Total (I to V)	EE	3 219 123	8,5%	2 966 887	9,4%	2 712 023

Shareholder Equity (I)

		31/07/2011		31/07/2010		31/07/2009
Total shareholders' equity (Total I)	DL	1 527 487	15,4%	1 323 145	14,8%	1 152 291
Equity and shareholders' equity	DA	7 622	0%	7 622	0%	7 622
Issue and merger premiums	DB	0	0%	0	0%	0
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	762	0%	762	0%	762
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	1 314 761	14,9%	1 143 907	15,4%	990 922
Profit or loss for the period	DI	204 342	19,6%	170 854	11,7%	152 985
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		31/07/2011		31/07/2010		31/07/2009
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)

		31/07/2011		31/07/2010		31/07/2009
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)

		31/07/2011		31/07/2010		31/07/2009
Total Liabilities (Total IV)	EC	1 691 635	2,9%	1 643 741	5,4%	1 559 731
Convertible debentures	DS	0	0%	22 637	-56,4%	51 886
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	382 619	4060,7%	9 196	-94,5%	167 480
Sundry loans and financial liabilities	DV	92 637	-46,7%	173 817	-23,5%	227 250
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	0	0%	0	0%	0
Trade accounts payables	DX	1 147 295	-17,7%	1 393 975	29,7%	1 075 046
Tax and social security liabilities	DY	69 084	56,6%	44 116	15,9%	38 069
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	0	0%	0	0%	0

Translation loss (V)

		31/07/2011		31/07/2010		31/07/2009
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/07/2011		31/07/2010		31/07/2009
Deferred income	EB	0	0%	0	0%	0

References

		31/07/2011		31/07/2010		31/07/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	1 691 635	2,9%	1 643 741	6,1%	1 549 595
Of which current bank facilities	EH	382 619	4060,7%	9 196	-94,5%	167 480

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)

		31/07/2011		31/07/2010		31/07/2009
Operating result (Total I-II)	GG	219 353	-1,3%	222 316	2,6%	216 730

2 - Financial result (V - VI)

		31/07/2011		31/07/2010		31/07/2009
Financial result (Total V-VI)	GV	77 587	184,7%	27 255	7865,0%	-351

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

		31/07/2011		31/07/2010		31/07/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	296 940	19,0%	249 571	15,3%	216 379

4 - Extraordinary result (VII-VIII)

		31/07/2011		31/07/2010		31/07/2009
Extraordinary result (Total VII-VIII)	HI	312	108,7%	-3 566	-211,2%	3 207

Profit or loss

		31/07/2011		31/07/2010		31/07/2009
Profit or loss	HN	204 342	19,6%	170 854	11,7%	152 985

Total Income (I+III+V+VII)

		31/07/2011		31/07/2010		31/07/2009
Total Income (I+III+V+VII)	HL	2 485 929	22,6%	2 028 282	5,2%	1 927 998

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

		31/07/2011		31/07/2010		31/07/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	2 281 589	22,8%	1 857 428	4,6%	1 775 015

Operating income (I)

		31/07/2011		31/07/2010		31/07/2009
Total operating income (Total I)	FR	2 380 923	21,9%	1 952 455	4,7%	1 864 106

Operating income (details)

		31/07/2011		31/07/2010		31/07/2009
Sale of goods for resale	FC	2 368 817	22,2%	1 938 410	4,1%	1 861 332
France	FA	2 017 394	4,7%	1 926 001	4,2%	1 847 765
Export	FB	351 423	2732,0%	12 409	-8,5%	13 567
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	12 106	-13,8%	14 045	406,3%	2 774
France	FG	12 106	-13,8%	14 045	406,3%	2 774
Export	FH	0	0%	0	0%	0
Net turnover	FL	2 380 923	21,9%	1 952 455	4,7%	1 864 106
France	FJ	2 029 500	4,6%	1 940 046	4,8%	1 850 539
Export	FK	351 423	2732,0%	12 409	-8,5%	13 567
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	0	0%	0
Release of reserves and provisions	FP	0	0%	0	0%	0
Other income	FQ	0	0%	0	0%	0

Operating charges (II)

		31/07/2011		31/07/2010		31/07/2009
Total operating charges (Total II)	GF	2 161 570	24,9%	1 730 139	5,0%	1 647 376

Exploitation charges

		31/07/2011		31/07/2010		31/07/2009
Purchase of goods for resale	FS	1 712 667	12,1%	1 527 693	13,2%	1 349 848
Change in stocks of goods for resale	FT	-69 142	69,8%	-228 793	-202,7%	-75 576
Purchase of raw materials	FU	-5 362	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	119 041	6,3%	111 941	32,7%	84 341
Tax, duty and similar payments	FX	69 762	19,1%	58 584	-0,6%	58 947
Payroll	FY	241 980	30,8%	185 022	22,8%	150 715
Social security costs	FZ	92 624	22,4%	75 692	-4,3%	79 101

Depreciation

		31/07/2011		31/07/2010		31/07/2009
Depreciation of fixed assets	GA	0	0%	0	0%	0
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/07/2011		31/07/2010		31/07/2009
Other charges	GE	0	0%	0	0%	0

Operating charges (III-IV)

		31/07/2011		31/07/2010		31/07/2009
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)

		31/07/2011		31/07/2010		31/07/2009
Total financial income (Total V)	GP	104 694	41,8%	73 819	21,8%	60 621
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	7 325	0%	0	0%	2 397
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	97 369	31,9%	73 819	26,8%	58 224
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/07/2011		31/07/2010		31/07/2009
Total financial charge (Total VI)	GU	27 107	-41,8%	46 564	-23,6%	60 972
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	22 521	2,2%	22 037	-32,3%	32 535
Exchange losses	GS	4 586	-81,3%	24 527	-13,7%	28 437
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		31/07/2011		31/07/2010		31/07/2009
Total extraordinary income (Total VII)	HD	312	-84,5%	2 008	-38,6%	3 271
Extraordinary operating income	HA	312	-84,5%	2 008	-38,6%	3 271
Extraordinary income from capital transactions	HB	0	0%	0	0%	0
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		31/07/2011		31/07/2010		31/07/2009
Total extraordinary charges (Total VIII)	HH	0	0%	5 574	8609,4%	64
Extraordinary operating charges	HE	0	0%	5 574	8609,4%	64
Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/07/2011		31/07/2010		31/07/2009
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/07/2011		31/07/2010		31/07/2009
Tax on profits (Total X)	HK	92 912	23,6%	75 151	12,8%	66 603

References

		31/07/2011		31/07/2010		31/07/2009
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter

Currency

Euro

Kilo Euro

Other 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)

		31/07/2011		31/07/2010		31/07/2009
Gross value at begin of period	OG	0	0%	0	0%	0
Increases due to revaluation	OH	0	0%	0	0%	0
Decreases, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreases by budget item transfer	OK1	0	0%	0	0%	0
Decreases by transfers	OK2	0	0%	0	0%	0
Gross value at the end of period	OL	12 423	0%	12 423	3,5%	12 001

Research and development Charge (Total I)

		31/07/2011		31/07/2010		31/07/2009
Gross value at begin of period	CZ	296	0%	296	0%	296
Increases due to revaluation	KB	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreases by budget item transfer	C01	0	0%	0	0%	0
Decreases by transfers	C02	0	0%	0	0%	0
Gross value at the end of period	D0	296	0%	296	0%	296

Other budget item from Intangible fixed assets (Total II)

		31/07/2011		31/07/2010		31/07/2009
Gross value at begin of period	KD	0	0%	0	0%	0
Increases due to revaluation	KE	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KF	0	0%	0	0%	0
Decreases by budget item transfer	LV1	0	0%	0	0%	0
Decreases by transfers	LV2	0	0%	0	0%	0
Gross value at the end of period	LW	0	0%	0	0%	0

Tangible fixed assets (Total III)

		31/07/2011		31/07/2010		31/07/2009
Gross value at begin of period	LN	383	0%	383	0%	383
Increases due to revaluation	LO	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LP	0	0%	0	0%	0
Decreases by budget item transfer	NG1	0	0%	0	0%	0
Decreases by transfers	NG2	0	0%	0	0%	0
Gross value at the end of period	NH	383	0%	383	0%	383

Financial assets (Total IV)

		31/07/2011		31/07/2010		31/07/2009
Gross value at begin of period	LQ	11 745	3,7%	11 323	170,9%	4 180
Increases due to revaluation	LR	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LS	0	0%	422	-94,1%	7 143
Decreases by budget item transfer	NJ1	0	0%	0	0%	0
Decreases by transfers	NJ2	0	0%	0	0%	0
Gross value at the end of period	NK	11 745	0%	11 745	3,7%	11 323

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

			31/07/2011		31/07/2010		31/07/2009
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreases		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/07/2011		31/07/2010		31/07/2009
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreases		PC	0	0%	0	0%	0
	Decreases by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/07/2011		31/07/2010		31/07/2009
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	0
Increases		PF	0	0%	0	0%	0
Decreases		PG	0	0%	0	0%	0
	Decreases by budget item transfer	PH	0	0%	0	0%	0

Total fixed assets amortisation (Total III)

			31/07/2011		31/07/2010		31/07/2009
	Reserve for depreciation value at begin of period	QU	383	0%	383	0%	383
Increases		QV	0	0%	0	0%	0
Decreases		QW	0	0%	0	0%	0
	Decreases by budget item transfer	QX	383	0%	383	0%	383

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

			31/07/2011		31/07/2010		31/07/2009
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreases by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/07/2011		31/07/2010		31/07/2009
	Net value at beginning of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	296	0%	296	0%	296
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/07/2011		31/07/2010		31/07/2009
	Value at beginning of period	7C	0	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	0

Includes Total allocations

Operating	UE	0	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)

			31/07/2011		31/07/2010		31/07/2009
	Value at beginning of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/07/2011		31/07/2010		31/07/2009
	Value at beginning of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/07/2011		31/07/2010		31/07/2009
	Value at beginning of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/07/2011		31/07/2010		31/07/2009
Gross value	VT	1 033 214	24,5%	829 637	5,7%	785 042
1 year at most	VU	1 021 470	24,9%	817 893	5,7%	773 719
More than one year	VV	11 744	0%	11 744	3,7%	11 323

State of loans

		31/07/2011		31/07/2010		31/07/2009
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	11 744	0%	11 744	3,7%	11 323
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/07/2011		31/07/2010		31/07/2009
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	984 804	26,2%	780 351	5,8%	737 710
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	35 742
Value added tax	VB	36 665	-2,3%	37 541	13960,3%	267
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	0

Prepaid

		31/07/2011		31/07/2010		31/07/2009
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/07/2011		31/07/2010		31/07/2009
	Total debt (gross)	VY	1 691 636	2,9%	1 643 741	5,4%	1 559 732
1 year at most		VZ2	1 691 636	2,9%	1 643 741	6,1%	1 549 596
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	10 136
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/07/2011		31/07/2010		31/07/2009
	Convertible bonds (gross)	7Y1	0	0%	22 637	-56,4%	51 886
1 year at most		7Y2	0	0%	22 637	-45,8%	41 750
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	10 136
	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	382 619	4060,7%	9 196	-94,5%	167 480
1 year at most		VG2	382 619	4060,7%	9 196	-94,5%	167 480
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	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	17 654
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	1 147 295	-17,7%	1 393 975	29,7%	1 075 046
1 year at most		8B2	1 147 295	-17,7%	1 393 975	29,7%	1 075 046
More than 1 year and 5 years at most		8B3	1 147 295	-17,7%	1 393 975	29,7%	1 075 046
	Personnel and associated accounts (gross)	8C1	28 473	50,8%	18 880	0%	0
1 year at most		8C2	28 473	50,8%	18 880	6,9%	17 654
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	20 427	22,4%	16 687	19,6%	13 947
1 year at most		8D2	20 427	22,4%	16 687	19,6%	13 947
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	17 760	107,7%	8 549	0%	0
1 year at most		8E2	17 760	107,7%	8 549	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	6 468
1 year at most		VW2	0	0%	0	0%	6 468
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	2 424	0%	0	0%	0
1 year at most		VQ2	2 424	0%	0	0%	0
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	92 637	-46,7%	173 817	-23,5%	227 250
1 year at most		VI2	92 637	-46,7%	173 817	-23,5%	227 250
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	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
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

		31/07/2011		31/07/2010		31/07/2009
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	22 637	-22,6%	29 249	-83,6%	178 216

Table allocation results and other information
Dividends distributed

		31/07/2011		31/07/2010		31/07/2009
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/07/2011		31/07/2010		31/07/2009
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

		31/07/2011		31/07/2010		31/07/2009
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/07/2011		31/07/2010		31/07/2009
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/07/2011		31/07/2010		31/07/2009
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/07/2011		31/07/2010		31/07/2009
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		31/07/2011		31/07/2010		31/07/2009
Groups and Shareholders	ZR	0	-	0	-	0

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/07/2011		31/07/2010		31/07/2009	Sector Median 2011
Fixed Asset Financing		130,47	6,6%	122,38	2,6%	119,32	2,59	4937,5%
Global Debt		256 days	-15,5%	303 days	0,7%	301 days	126 days	103,2%
Working Capital Fund overall net		243 days	-12,6%	278 days	1,5%	274 days	71 days	242,3%
Financial independence		399,14%	-90,4%	4155,59%	691,3%	525,15%	394%	1,3%
More ratios
Solvability		47,45%	6,4%	44,60%	5,0%	42,49%	34,51%	37,5%
Capacity debt futures		399,22%	-97,2%	14388,27%	2211,7%	622,41%	972,82%	-59,0%
Coverage of current assets by net working capital overall		50,15%	-1,7%	51,02%	-3,0%	52,58%	43,23%	16,0%
General Liquidity		0,60	20,0%	0,50	0%	0,50	0,57	5,3%
Restricted Liquidity		0,60	17,6%	0,51	-1,9%	0,52	0,97	-38,1%

Management or rotation

	31/07/2011		31/07/2010		31/07/2009	Sector Median 2011
Need background in operating working capital	301 days	9,1%	276 days	-7,7%	299 days	28 days	975,0%
Treasury	-58 days	-3000%	2 days	108,0%	-25 days	10 days	-680,0%
Inventory turnover of goods	479 days	-18,4%	587 days	10,1%	533 days	95 days	404,2%
Average length of credit granted to customers	149 days	3,5%	144 days	1,4%	142 days	43 days	246,5%
Average length of credit obtained suppliers	235 days	-34,0%	356 days	24,9%	285 days	55 days	327,3%
More ratios
Inventory turnover of raw materials in industrial enterprises	0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	1203 days	-
Rotation tangible assets	621650,91%	21,9%	509779,37%	4,7%	486711,75%	1364,64%	45454,2%

Profitability of the business

	31/07/2011		31/07/2010		31/07/2009	Sector Median 2011
Margin trading	30,46%	-7,0%	32,75%	4,0%	31,49	32,43%	-6,1%
Profitability of the business	9,21	-19,1%	11,39	-2,1%	11,63	3,24%	184,3%
Net profit	8,58%	-1,9%	8,75%	6,6%	8,21%	1,86%	361,3%
More ratios
Growth rate of turnover (excluding VAT)	21,95%	363,1%	4,74%	157,0%	-8,31%	0,67%	3176,1%
Rates integration	26,20%	-5,6%	27,74%	2,3%	27,12%	21,18%	23,7%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	53,65%	11,4%	48,14%	5,9%	45,46%	68,59%	-21,8%
Weight interests	1,14	-52,1%	2,38%	-27,2%	3,27%	0,24%	375,0%

Return on capital

	31/07/2011		31/07/2010		31/07/2009	Sector Median 2011
Cash flow from the overall profitability	8,58%	-1,9%	8,75%	6,6%	8,21%	2,68%	220,1%
Rates of economic profitability	11%	-26,7%	15%	7,1%	14%	11%	0%
Financial profitability	1527487%	15,4%	1323145%	14,8%	1152291%	46426,50%	3190,1%
Return on investment	11,56%	-18,7%	14,22%	6,3%	13,38%	9,31%	24,2%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/07/2011		31/07/2010		31/07/2009	Sector Median 2011
Turnover	2 380 923	21,9%	1 952 455	4,7%	1 864 106	363 344 €	555,3%

Sales of goods	2 368 817	22,2%	1 938 410	4,1%	1 861 332
- Purchase of goods	1 712 667	12,1%	1 527 693	13,2%	1 349 848
+/- Stock of goods variation	-69 142	69,8%	-228 793	-202,7%	-75 576
Trading margin	725 292 €	13,4%	639 510 €	8,9%	587 060 €	97 949 €	640,5%
	30,46 % CA	-7,0%	32,75 % CA	4,0%	31,49 % CA	33,53 % CA	-9,2%

Sale of goods produced	12 106	-13,8%	14 045	406,3%	2 774
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	12 106 €	-13,8%	14 045 €	406,3%	2 774 €	8 081 €	49,8%
	0,51 % CA	-29,2%	0,72 % CA	380,0%	0,15 % CA	2,62 % CA	-80,5%

Trading margin	725 292	13,4%	639 510	8,9%	587 060	97 949	640,5%
+ Period Production	12 106	-13,8%	14 045	406,3%	2 774	8 081	49,8%
- Purchase of raw materials	-5 362	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	119 041	6,3%	111 941	32,7%	84 341
Added value	623 719 €	15,2%	541 614 €	7,1%	505 493 €	82 549,50 €	655,6%
	26,20 % CA	-5,6%	27,74 % CA	2,3%	27,12 % CA	21,17 % CA	23,8%

Added value	623 719 €	15,2%	541 614 €	7,1%	505 493 €	82 549,50 €	655,6%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	69 762	19,1%	58 584	-0,6%	58 947
- Personal charges	334 604	28,3%	260 714	13,4%	229 816
Gross operating surplus	219 353 €	-1,3%	222 316 €	2,6%	216 730 €	10 848,50 €	1922,0%
	9,21 % CA	-19,1%	11,39 % CA	-2,1%	11,63 % CA	3,24 % CA	184,3%

Gross operating surplus	219 353 €	-1,3%	222 316 €	2,6%	216 730 €	10 848,50 €	1922,0%
+ Release of reserves and provisions	0	0%	0	0%	0
+ Other operating income	0	0%	0	0%	0
- Depreciation/Amortisation	0	0%	0	0%	0
- Other charges	0	0%	0	0%	0
Operating result	219 353 €	-1,3%	222 316 €	2,6%	216 730 €	7 921,50 €	2669,1%
	9,21 % CA	-19,1%	11,39 % CA	-2,1%	11,63 % CA	2,39 % CA	285,4%

Operating result	219 353 €	-1,3%	222 316 €	2,6%	216 730 €	7 921,50 €	2669,1%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	104 694	41,8%	73 819	21,8%	60 621
- Financial charges	27 107	-41,8%	46 564	-23,6%	60 972
Pre-tax result	296 940 €	19,0%	249 571 €	15,3%	216 379 €	6 901,50 €	4202,5%
	12,47 % CA	-2,4%	12,78 % CA	10,1%	11,61 % CA	2,04 % CA	511,3%

Extraordinary income	312	-84,5%	2 008	-38,6%	3 271	01	31100%
- Extraordinary charges	0	0%	5 574	8609,4%	64
Extraordinary result	312 €	108,7%	-3 566 €	-211,2%	3 207 €	0 €	0%
	0,01 % CA	105,6%	-0,18 % CA	-205,9%	0 % CA	0 % CA	0%

Pre-tax result	296 940 €	19,0%	249 571 €	15,3%	216 379 €	6 901,50 €	4202,5%
Extraordinary result	312 €	108,7%	-3 566 €	-211,2%	3 207 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	92 912	23,6%	75 151	12,8%	66 603
Net result	204 340 €	19,6%	170 854 €	11,7%	152 983 €	7 222 €	2729,4%
	8,58 % CA	-1,9%	8,75 % CA	6,6%	8,21 % CA	1,85 % CA	363,8%

ADDITIONAL INFORMATION

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques  (4649Z)
RCS Registration	RCS Paris 9 412 577 736	Share capital	7,622 Euros
Registration Court	Paris (75)	Legal form	Limited Liability Company
Court Registry Number	19 9 7B087	EUR VAT Number	FR28412577736
Incorporation Date	06/1997	Formation Date	06/1997
Deregistration Date		Last account Date	31/07/2011
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) d'autres biens domestiques  (4649Z)	Business Pages FT®
Postal Address	SELECT 11 RUE LEON JOUHAUX 75010 PARIS 10	Trading Address	11 RUE LEON JOUHAUX 75010 PARIS 10
Telephone	01 40 40 99 44
Fax

Type	Head office	Status	Economically active
Formation Date	01/2009	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Paris (75)	Region	Ile-de-France
District		Area
City	PARIS 10	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> SELECT <<<  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in PARIS 10  (75010)
Secondary establishments	>  SELECT  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in PARIS 10  (75010)

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

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
12/11/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9361 - 412577736 RCS. SELECT. Forme : Société à responsabilité limitée. Adresse : 11 rue Léon Jouhaux 75010 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2011.
31/10/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1234 - 412 577 736 RCS Paris. SELECT. Forme : Société à responsabilité limitée. Administration : Gérant partant : Jadat, Robert, nomination du Gérant : Jadat, Jean-Pierre. Capital : 7622.45 EUR. Activité : . Adresse du siège social : 11 rue Léon Jouhaux, 75010 Paris. Commentaires : modification survenue sur l'administration.
11/10/2011	JAL	Appointment of the social representative
Affiches parisiennes (Les) Société faisant l'objet d'une nomination : 412577736 - SELECT, 11 RUE LEON JOUHAUX, 75010 PARIS 10 Nominé : Monsieur Jean-Pierre JADAT, 78170 LA CELLE ST CLOUD En la fonction de : Gérant Date d'effet : 01/07/2011
11/10/2011	JAL	Resignation / Revocation of the social representative
Affiches parisiennes (Les) Date de décision : 01/07/2011 La société 412577736 - SELECT, 11 RUE LEON JOUHAUX, 75010 PARIS 10 Fait l'objet du départ de Monsieur Robert JADAT Date d'effet : 01/07/2011
10/01/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5486 - 412577736 RCS. SELECT. Forme : Société à responsabilité limitée. Adresse : 11 R LEON JOUHAUX 75010 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2010.
21/12/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9393 - 412577736 RCS. SELECT. Forme : Société à responsabilité limitée. Adresse : 11 R LEON JOUHAUX 75010 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2009.
21/12/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6870 - 412577736 RCS. SELECT. Forme : Société à responsabilité limitée. Adresse : 11 R LEON JOUHAUX 75010 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2008.
17/06/2009	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1741 - 412 577 736 RCS Paris. SELECT. Forme : Société à responsabilité limitée. Enseigne : SELECT. Capital : 7622.45 EUR. Adresse de l’établissement principal : 11 rue Léon Jouhaux, 75010 Paris. Adresse du siège social : 11 rue Léon Jouhaux, 75010 Paris. Commentaires : modification survenue sur l'adresse du siège.
20/11/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7443 - 412577736 RCS. SELECT. Forme : Société à responsabilité limitée. Adresse : 18 rue Yves Toudic 75010 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2007.
15/12/2007	Bodacc C	Avis de dépôt des comptes
5887 - 412 577 736. RCS Paris SELECT. Forme: Société à responsabilité limitée. Adresse du siège social: 18 rue Yves Toudic 75010 Paris. Comptes annuels et rapports de l'exercice clos le: 31 juillet 2006.
17/01/2006	Bodacc C	Avis de dépôt des comptes
2847 - RCS Paris B 412 577 736. RC 97-B 8734. SELECT. Forme: S.A.R.L.. Adresse du siège social: 18, R Yves Toudic,Paris, 75010 Paris. Comptes annuels et rapports de l'exercice clos le: 31 juillet 2004.
06/07/1997	Bodacc A	Création d'établissement
RCS *. RCS Paris B 412 577 736 RC RC 97- B 8734 SELECT. Forme : S.A.R.L. Capital : 50 000 F Nom commercial: Sélect. Adresse du siège social : 18, rue Yves-Toudic 75010 Paris. Activité : import-export de tapis d'Orient. Administration : gérant : JADAT (Robert) Cette société se constitue Date de début d'activité: 18 juin 1997.

Company events history

Date	Description
01/12/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
12/11/2012	Bodacc C : Deposit accounts notice
31/10/2011	Bodacc B: Various editing or changing
17/10/2011	Minutes of general meeting of shareholders
17/10/2011	New manager
11/10/2011	Legal Gazette: Resignation / Revocation of the social representative
31/07/2011	New accounts available
01/07/2011	Legal Gazette: Appointment of the social representative
10/01/2011	Bodacc C : Deposit accounts notice
21/12/2010	Bodacc C : Deposit accounts notice
31/07/2010	New accounts available
21/12/2009	Bodacc C : Deposit accounts notice
31/07/2009	New accounts available
17/06/2009	Bodacc B: Various editing or changing
02/06/2009	Updated articles of association
02/06/2009	Minutes of general meeting of shareholders
02/06/2009	Private document
02/06/2009	Registered office transferred inside jurisdiction of the Commercial Court
31/01/2009	Update of Company Head Office Identifier
31/01/2009	Transfer of Establishment
20/11/2008	Bodacc C : Deposit accounts notice
31/07/2008	New accounts available
31/07/2007	New accounts available
31/07/2006	New accounts available
31/07/2005	New accounts available
31/07/2004	New accounts available
31/07/2003	New accounts available
26/05/1998	Acte sous seing privé
26/05/1998	PV d'Assemblée
26/05/1998	Statuts mis à jour
26/05/1998	Cession de parts
18/06/1997	Acte sous seing privé
18/06/1997	Statuts
18/06/1997	Formation de Société

Establishment events history

Date	Description
01/05/2013	Update Rating
01/05/2013	Update Limit
01/12/2012	Update Limit
01/12/2012	Update Rating
09/06/2012	Update Limit
09/06/2012	Update Rating
19/10/2011	Update Rating
20/09/2011	Update Rating
25/11/2010	Update Rating
25/11/2010	Update Limit
04/04/2010	Update Limit
03/04/2010	Update Rating
09/01/2010	Update Rating
04/11/2009	Update Limit
04/11/2009	Update Rating
01/08/2009	Update Rating
01/08/2009	Update Limit
10/07/2009	Update of phone numbers
08/07/2009	Update Rating
08/07/2009	Update Limit
31/01/2009	Formation of Head office (after transfer)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.89
UK Pound	1	Rs.90.88
Euro	1	Rs.78.32

INFORMATION DETAILS

Report Prepared by :

MNL

RATING EXPLANATIONS

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

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

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

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

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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