MIRA INFORM REPORT

Report Date :

12.03.2013

IDENTIFICATION DETAILS

Name :	BENJAMIN
Registered Office :	11 Rue Poissonniere, 75002 Paris 2
Country :	France
Financials (as on) :	30.06.2011
Date of Incorporation :	June 1980
Com. Reg. No.:	RCS Paris 8 319 467 791
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesaler (intercompany trade) clothing and shoes
No. of Employees :	50 to 99 employees

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
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 (31.03.2012)	Current Rating (30.06.2012)
France	A2	A2

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

REGISTERED NAME & COMPANY SUMMARY

Name

BENJAMIN

SIRET

319 467 791 00061

company summary

		EUR VAT Number	FR26319467791
Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) (Wholesale (intercompany trade) clothing and shoes (4642Z))	Legal form	Simplified joint stock company
Phone	01 42 33 01 16	RCS Registration	RCS Paris 8 319 467 791
Fax		Share capital	1,524,490 Euros
Address	BENJAMIN 11 RUE POISSONNIERE 75002 PARIS 2	Incorporated Date	08/1980
Nationality	France	Status	Economically active
Branch Offices	162, Avenue Paul Vaillant Counturier 93126 La Caurneuve

DiRECTORS/MANAGEMENT

Current Directors

2

directors

Name	M. BARBIERI BENJAMIN
Manager position	Président	Date of birth	14/05/1954
Place of birth	PARIS (75016)
Type	Individual	Name at birth

Name	Mme. BARBIERI JEANINE
Manager position	Directeur général	Date of birth	09/12/1950
Place of birth	TUNIS(TUNISIE)
Type	Individual	Name at birth	SITRUK

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Président du conseil d'administration	M BENJAMIN BARBIERI	14/05/1954 - PARIS 16
Directeur général	MME JEANINE BARNIERI	09/12/1950 - TUNIS TUNISIE

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data

Summary of preferential rights

Company monitored since	25/03/2009
Status of Monitoring	No social security and tax office preferential right to date

Tax office preferential rights

Number of active preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

GROUP STRUCTURE & AFFILIATED COMPANIES

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.

FINANCIAL INFORMATION

Trading to Date	06/30/2011	06/30/2010	06/30/2009
Turnover	38,144,267 €	30,433,678 €	35,589,884 €
Gross Operating Surplus	8,92 % Turnover	-7,33 % Turnover	8,32 % Turnover
Shareholders’ equity	8,074,287 €	8,188,606 €	7,966,552 €
Net result	335,681 €	482,054 €	79,624 €
Employees	50 to 99 employees	-	-

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/06/2011	30/06/2010	30/06/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	25/01/2012	19/02/2011	27/01/2010
Activity Code	4642Z	4642Z	4642Z
Employees	0	82	82

Active account

Annual Accounts	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	622 734	-12,0%	707 428	-20,8%	893 635	41 138	1413,8%
- Intangible assets	0	0%	10	0%	0	5 610	0%
- Tangible assets	407 531	-23,7%	534 336	-24,8%	710 137	5 271	7631,6%
- Financial assets	215 203	24,3%	173 082	-5,7%	183 498	5 620	3729,2%
Net current assets	18 347 000	-13,5%	21 198 875	38,8%	15 274 738	213 487	8494,0%
- Stocks	11 238 858	-7,2%	12 104 975	34,7%	8 985 327	52 597	21267,9%
- Advanced payments	242 016	-13,5%	723 217	175,1%	262 904	0	0%
- Receivables	6 759 397	-15,2%	7 974 684	60,3%	4 974 208	62 141	10777,5%
- Securities and cash	106 729	-73,0%	395 999	-62,4%	1 052 299	32 643	227,0%
- Prepaid expenses	-	-	-	-	-	80	-
Accounts of regularization	1 648	-94,4%	29 409	0%	0	0	0%
Total Assets	18 971 382	-13,5%	21 935 712	35,7%	16 168 372	293 949	6354,0%

Passive Account

Annual Accounts	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Shareholders' equity	8 074 287	-1,4%	8 188 606	2,8%	7 966 552	61 088	13117,5%
Share capital	1 524 490	0%	1 524 490	0%	1 524 490	8 001	18953,7%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1 648	-94,4%	29 409	0%	0	0	0%
Liabilities	10 878 610	-20,7%	13 717 358	68,5%	8 139 453	199 195	5361,3%
- Financial liabilities	5 371 676	-9,5%	5 934 001	36,3%	4 354 328	16 580	32298,5%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	4 685 539	-24,4%	6 198 221	119,8%	2 819 709	67 130	6879,8%
- Tax and social liabilities	746 670	-48,7%	1 456 456	77,9%	818 543	46 701	1498,8%
- Other debts and fixed assets liabilities	91 562	-29,0%	129 018	-38,3%	209 237	8 139	1025,0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	18 971 382	-13,5%	21 935 712	35,7%	16 168 372	293 318	6367,9%

Results

Annual Accounts	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Sales of Goods	38 401 927	25,9%	30 507 894	-15,1%	35 942 551	442 822	8572,1%
Net turnover	38 144 267	25,3%	30 433 678	-14,5%	35 589 884	433 346	8702,3%
- of which net export turnover	6 232 534	0%	0	0%	4 036 369	2 700	230734,6%
Operating charges	37 550 994	9,8%	34 208 889	-0,8%	34 490 392	442 365	8388,7%
Operating profit/loss	850 933	123,0%	-3 700 995	-354,9%	1 452 159	7 832	10764,8%
Financial income	751 543	161,5%	287 447	-45,2%	524 540	0	0%
Financial charges	996 559	1,1%	985 431	-48,1%	1 898 147	730	136414,9%
Financial profit/loss	-245 016	64,9%	-697 984	49,2%	-1 373 607	-80	-306170,0%
Pretax net operating income	605 917	113,8%	-4 398 979	-5700,1%	78 552	6 765	8856,6%
Extraordinary income	8 361	-95,1%	171 183	93,1%	88 639	0	0%
Extraordinary charges	77 593	53,0%	50 716	-24,5%	67 206	180	43007,2%
Extraordinary profit/loss	-69 232	-157,5%	120 467	462,1%	21 433	0	0%
Net result	335 681	-30,4%	482 054	505,4%	79 624	6 802	4835,0%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/06/2011	30/06/2010	30/06/2009
Months	12	12	12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			30/06/2011		30/06/2010		30/06/2009
	Grand Total (I to VI)	Net	18 971 382	-13,5%	21 935 712	35,7%	16 168 372
	Gross	CO	20 809 794	-12,3%	23 722 145	32,5%	17 900 476
	Amortisation	1A	1 838 412	2,9%	1 786 433	3,1%	1 732 104

Non declared distributed capital (I)

		30/06/2011		30/06/2010		30/06/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			30/06/2011		30/06/2010		30/06/2009
	Total Active fixed asset (II)	Net	622 734	-12,0%	707 428	-20,8%	893 635
	Gross	BJ	2 159 164	2,6%	2 104 548	-6,2%	2 242 856
	Amortisation	BK	1 536 430	10,0%	1 397 120	3,6%	1 349 221

Intangible fixed assets

			30/06/2011		30/06/2010		30/06/2009
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	10	0%	0
	Gross	AF	12 832	0%	12 832	4,2%	12 317
	Amortisation	AG	12 832	0,1%	12 822	4,1%	12 317
	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	0	0%	10	0%	0

Tangible fixed assets

			30/06/2011		30/06/2010		30/06/2009
	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	20 545	-32,7%	30 517	-26,6%	41 554
	Gross	AR	167 490	0,4%	166 751	-30,1%	238 676
	Amortisation	AS	146 945	7,9%	136 234	-30,9%	197 122
	Other tangible fixed assets	Net	384 931	-16,3%	460 037	-28,2%	640 754
	Gross	AT	1 761 584	3,1%	1 708 101	-4,1%	1 780 536
	Amortisation	AU	1 376 653	10,3%	1 248 064	9,5%	1 139 782
	Fixed assets in construction	Net	0	0%	40 782	0%	0
	Gross	AV	0	0%	40 782	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	2 055	-31,5%	3 000	-89,2%	27 829
	Gross	AX	2 055	-31,5%	3 000	-89,2%	27 829
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	407 531		534 336		710 137

Financial assets

			30/06/2011		30/06/2010		30/06/2009
	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	4 896	0%	4 896	0%	4 896
	Gross	BD	4 896	0%	4 896	0%	4 896
	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	210 307	25,0%	168 186	-5,8%	178 602
	Gross	BH	210 307	25,0%	168 186	-5,8%	178 602
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		215 203		173 082		183 498

Current Assets (III)

			30/06/2011		30/06/2010		30/06/2009
	Total Assets	Net	18 347 000	-13,5%	21 198 875	38,8%	15 274 738
	Gross	CJ	18 648 982	-13,6%	21 588 189	37,9%	15 657 621
	Amortisation	CK	301 982	-22,4%	389 314	1,7%	382 883

Stocks

			30/06/2011		30/06/2010		30/06/2009
	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	11 238 858	-7,2%	12 104 975	34,7%	8 985 327
	Gross	BT	11 260 641	-7,4%	12 165 868	34,3%	9 058 206
	Amortisation	BU	21 783	-64,2%	60 893	-16,4%	72 879
	Sub Total Stocks	Net	11 238 858	-7,2%	12 104 975	34,7%	8 985 327

Advance payments to suppliers

			30/06/2011		30/06/2010		30/06/2009
	Advance payments to suppliers	Net	242 016	-66,5%	723 217	175,1%	262 904
	Gross	BV	242 016	-66,5%	723 217	175,1%	262 904
	Amortisation	BW	0	0%	0	0%	0

Debtors

			30/06/2011		30/06/2010		30/06/2009
	Trade accounts receivable	Net	4 734 544	-10,6%	5 295 046	44,9%	3 655 480
	Gross	BX	5 014 743	-10,8%	5 623 467	41,8%	3 965 484
	Amortisation	BY	280 199	-14,7%	328 421	5,9%	310 004
	Other debtors	Net	682 736	-39,9%	1 135 780	43,5%	791 282
	Gross	BZ	682 736	-39,9%	1 135 780	43,5%	791 282
	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	5 417 280	-15,8%	6 430 826	44,6%	4 446 762

Divers

			30/06/2011		30/06/2010		30/06/2009
	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	106 729	-73,0%	395 999	-62,4%	1 052 299
	Gross	CF	106 729	-73,0%	395 999	-62,4%	1 052 299
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	106 729	-73,0%	395 999	-62,4%	1 052 299

Prepaid expenses

			30/06/2011		30/06/2010		30/06/2009
	Prepaid expenses	Net	1 342 117	-13,1%	1 543 858	192,7%	527 446
	Gross	CH	1 342 117	-13,1%	1 543 858	192,7%	527 446
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/06/2011		30/06/2010		30/06/2009
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	1 648	-94,4%	29 409	0%	0
Gross		1 648	-94,4%	29 409	0%	0

References

		30/06/2011		30/06/2010		30/06/2009
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	1 803	-40,7%	3 038

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		30/06/2011		30/06/2010		30/06/2009
Grand Total (I to V)	EE	18 971 382	-13,5%	21 935 712	35,7%	16 168 372

Shareholder Equity (I)

			30/06/2011		30/06/2010		30/06/2009
	Total shareholders' equity (Total I)	DL	8 074 287	-1,4%	8 188 606	2,8%	7 966 552
	Equity and shareholders' equity	DA	1 524 490	0%	1 524 490	0%	1 524 490
	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	152 449	0%	152 449	0%	152 449
	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	6 061 667	0,5%	6 029 613	-2,9%	6 209 989
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	0	0%	0
	Profit or loss for the period	DI	335 681	-30,4%	482 054	505,4%	79 624
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			30/06/2011		30/06/2010		30/06/2009
	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)

			30/06/2011		30/06/2010		30/06/2009
	Total provisions for risks and charges (Total III)	DR	1 648	-94,4%	29 409	0%	0
	Risk provisions	DP	1 648	-94,4%	29 409	0%	0
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			30/06/2011		30/06/2010		30/06/2009
	Total Liabilities (Total IV)	EC	10 878 610	-20,7%	13 717 358	68,5%	8 139 453
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	5 089 658	-10,1%	5 658 685	39,4%	4 059 360
	Sundry loans and financial liabilities	DV	282 018	2,4%	275 316	-6,7%	294 968
	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	4 685 539	-24,4%	6 198 221	119,8%	2 819 709
	Tax and social security liabilities	DY	746 670	-48,7%	1 456 456	77,9%	818 543
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	74 725	-41,9%	128 680	-12,4%	146 873

Translation loss (V)

		30/06/2011		30/06/2010		30/06/2009
Translation loss (Total V)	ED	16 837	4881,4%	338	-99,5%	62 364

Equalization accounts

		30/06/2011		30/06/2010		30/06/2009
Deferred income	EB	0	0%	0	0%	0

References

		30/06/2011		30/06/2010		30/06/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	10 713 870	0%	0	0%	7 853 859
Of which current bank facilities	EH	3 084 964	0%	0	0%	4 043 646

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		30/06/2011		30/06/2010		30/06/2009
Operating result (Total I-II)	GG	850 933	123,0%	-3 700 995	-354,9%	1 452 159

2 - Financial result (V - VI)

		30/06/2011		30/06/2010		30/06/2009
Financial result (Total V-VI)	GV	-245 016	64,9%	-697 984	49,2%	-1 373 607

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

		30/06/2011		30/06/2010		30/06/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	605 917	113,8%	-4 398 979	-5700,1%	78 552

4 - Extraordinary result (VII-VIII)

		30/06/2011		30/06/2010		30/06/2009
Extraordinary result (Total VII-VIII)	HI	-69 232	-157,5%	120 467	462,1%	21 433

Profit or loss

		30/06/2011		30/06/2010		30/06/2009
Profit or loss	HN	335 681	-30,4%	482 054	505,4%	79 624

Total Income (I+III+V+VII)

		30/06/2011		30/06/2010		30/06/2009
Total Income (I+III+V+VII)	HL	39 161 831	26,5%	30 966 524	-15,3%	36 555 730

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

		30/06/2011		30/06/2010		30/06/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	38 826 150	9,2%	35 554 013	-2,5%	36 476 106

Operating income (I)

		30/06/2011		30/06/2010		30/06/2009
Total operating income (Total I)	FR	38 401 927	25,9%	30 507 894	-15,1%	35 942 551

Operating income (details)

			30/06/2011		30/06/2010		30/06/2009
	Sale of goods for resale	FC	38 106 095	25,4%	30 391 449	-14,5%	35 538 085
	France	FA	31 873 561	4,9%	30 391 449	-3,5%	31 503 874
	Export	FB	6 232 534	0%	0	0%	4 034 211
	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	38 172	-9,6%	42 229	-18,5%	51 799
	France	FG	38 172	-9,6%	42 229	-14,9%	49 641
	Export	FH	0	0%	0	0%	2 158
	Net turnover	FL	38 144 267	25,3%	30 433 678	-14,5%	35 589 884
	France	FJ	31 911 733	4,9%	30 433 678	-3,5%	31 553 515
	Export	FK	6 232 534	0%	0	0%	4 036 369
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	1 000	0%	0	0%	0
	Release of reserves and provisions	FP	253 828	242,3%	74 156	-78,9%	351 660
	Other income	FQ	2 832	4620,0%	60	-94,0%	1 007

Operating charges (II)

		30/06/2011		30/06/2010		30/06/2009
Total operating charges (Total II)	GF	37 550 994	9,8%	34 208 889	-0,8%	34 490 392

Exploitation charges

		30/06/2011		30/06/2010		30/06/2009
Purchase of goods for resale	FS	22 739 768	-3,6%	23 580 691	14,0%	20 689 478
Change in stocks of goods for resale	FT	905 227	129,1%	-3 107 662	-202,9%	3 019 323
Purchase of raw materials	FU	2 634 924	-19,4%	3 269 115	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	3 554 626	-5,6%	3 764 332	-12,3%	4 294 727
Tax, duty and similar payments	FX	395 222	2,7%	384 803	15,2%	333 910
Payroll	FY	3 298 669	-6,8%	3 538 655	14,4%	3 094 181
Social security costs	FZ	1 213 835	-1,8%	1 235 890	3,4%	1 195 587

Depreciation

		30/06/2011		30/06/2010		30/06/2009
Depreciation of fixed assets	GA	198 645	-6,5%	212 445	1,0%	210 326
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	156 747	137,6%	65 961	-46,7%	123 744
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		30/06/2011		30/06/2010		30/06/2009
Other charges	GE	2 453 331	94,0%	1 264 659	-17,3%	1 529 116

Operating charges (III-IV)

		30/06/2011		30/06/2010		30/06/2009
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)

			30/06/2011		30/06/2010		30/06/2009
	Total financial income (Total V)	GP	751 543	161,5%	287 447	-45,2%	524 540
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	165	-13,2%	190	-3,1%	196
	Other interest and similar income	GL	1 029	-65,5%	2 980	-22,0%	3 820
	Released provisions and transferred charges	GM	29 409	0%	0	0%	8 168
	Exchange gains	GN	720 939	153,6%	284 277	-44,5%	512 356
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			30/06/2011		30/06/2010		30/06/2009
	Total financial charge (Total VI)	GU	996 559	1,1%	985 431	-48,1%	1 898 147
	Financial reserves and provisions	GQ	1 648	-94,4%	29 409	0%	0
	Interest and similar charges	GR	683 461	13,7%	601 167	-34,1%	911 915
	Exchange losses	GS	311 451	-12,2%	354 855	-64,0%	986 232
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			30/06/2011		30/06/2010		30/06/2009
	Total extraordinary income (Total VII)	HD	8 361	-95,1%	171 183	93,1%	88 639
	Extraordinary operating income	HA	0	0%	144 065	105,8%	70 015
	Extraordinary income from capital transactions	HB	8 361	-69,2%	27 118	45,6%	18 624
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			30/06/2011		30/06/2010		30/06/2009
	Total extraordinary charges (Total VIII)	HH	77 593	53,0%	50 716	-24,5%	67 206
	Extraordinary operating charges	HE	68 353	185,7%	23 925	-31,4%	34 896
	Extraordinary charges from capital transactions	HF	9 240	-65,5%	26 791	-17,1%	32 310
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		30/06/2011		30/06/2010		30/06/2009
Employee profit sharing (Total IX)	HJ	2 368	-93,4%	36 022	0%	0

Tax on profits (X)

		30/06/2011		30/06/2010		30/06/2009
Tax on profits (Total X)	HK	198 636	-27,2%	272 955	1240,6%	20 361

References

		30/06/2011		30/06/2010		30/06/2009
Of which equipment leases	HP	38 022	115,9%	17 611	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	9 750	-33,3%	14 625	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	2 312 000	87,8%	1 231 375	-7,4%	1 329 433

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)

			30/06/2011		30/06/2010		30/06/2009
	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%	2 000
	Decreases by transfers	OK2	630 969	-0,8%	635 777	-31,9%	933 092
	Gross value at the end of period	OL	2 159 164	2,6%	2 104 548	-6,2%	2 242 855

Research and development Charge (Total I)

			30/06/2011		30/06/2010		30/06/2009
	Gross value at begin of period	CZ	0	0%	0	0%	0
	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	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			30/06/2011		30/06/2010		30/06/2009
	Gross value at begin of period	KD	12 832	4,2%	12 317	0%	12 317
	Increases due to revaluation	KE	0	0%	0	0%	0
	Increases, acquisitions, creations, contributions	KF	0	0%	515	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	12 832	0%	12 832	4,2%	12 317

Tangible fixed assets (Total III)

			30/06/2011		30/06/2010		30/06/2009
	Gross value at begin of period	LN	1 918 635	-6,3%	2 047 041	8,6%	1 884 464
	Increases due to revaluation	LO	0	0%	0	0%	0
	Increases, acquisitions, creations, contributions	LP	124 852	37,6%	90 760	-72,4%	328 988
	Decreases by budget item transfer	NG1	0	0%	0	0%	2 000
	Decreases by transfers	NG2	112 357	-48,7%	219 166	33,3%	164 412
	Gross value at the end of period	NH	1 931 130	0,7%	1 918 635	-6,3%	2 047 040

Financial assets (Total IV)

			30/06/2011		30/06/2010		30/06/2009
	Gross value at begin of period	LQ	173 082	-5,7%	183 498	-4,5%	192 112
	Increases due to revaluation	LR	0	0%	0	0%	0
	Increases, acquisitions, creations, contributions	LS	560 733	38,0%	406 194	-46,6%	760 065
	Decreases by budget item transfer	NJ1	0	0%	0	0%	0
	Decreases by transfers	NJ2	518 612	24,5%	416 610	-45,8%	768 679
	Gross value at the end of period	NK	215 203	24,3%	173 082	-5,7%	183 498

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

			30/06/2011		30/06/2010		30/06/2009
	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)

			30/06/2011		30/06/2010		30/06/2009
	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)

			30/06/2011		30/06/2010		30/06/2009
	Reserve for depreciation value at begin of period	PE	0	0%	12 317	4,7%	11 763
Increases		PF	0	0%	505	-8,8%	554
Decreases		PG	0	0%	0	0%	0
	Decreases by budget item transfer	PH	0	0%	12 822	4,1%	12 317

Total fixed assets amortisation (Total III)

			30/06/2011		30/06/2010		30/06/2009
	Reserve for depreciation value at begin of period	QU	0	0%	1 336 903	6,2%	1 259 235
Increases		QV	0	0%	211 941	1,0%	209 771
Decreases		QW	0	0%	164 546	24,6%	132 102
	Decreases by budget item transfer	QX	0	0%	1 384 298	3,5%	1 336 904

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

			30/06/2011		30/06/2010		30/06/2009
	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

			30/06/2011		30/06/2010		30/06/2009
	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	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)

			30/06/2011		30/06/2010		30/06/2009
	Value at beginning of period	7C	0	0%	382 883	-38,1%	618 967
Increases		UB	0	0%	95 370	-22,9%	123 744
Decreases		UC	0	0%	59 531	-83,5%	359 829
	Value at the end of period	UD	0	0%	418 723	9,4%	382 882

Includes Total allocations

Operating	UE	0	0%	65 961	-46,7%	123 744
Financial	UG	0	0%	29 409	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	59 531	-83,1%	351 660
Financial	UH	0	0%	0	0%	8 168
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			30/06/2011		30/06/2010		30/06/2009
	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)

			30/06/2011		30/06/2010		30/06/2009
	Value at beginning of period	5Z	0	0%	0	0%	8 168
Increases		TV	0	0%	29 409	0%	0
Decreases		TW	0	0%	0	0%	8 168
	Value at the end of period	TX	0	0%	29 409	0%	0

Total Provision for depreciation (Total III)

			30/06/2011		30/06/2010		30/06/2009
	Value at beginning of period	7B	0	0%	382 883	-37,3%	610 799
Increases		TY	0	0%	65 961	-46,7%	123 744
Decreases		TZ	0	0%	59 531	-83,1%	351 660
	Value at the end of period	UA	0	0%	389 313	1,7%	382 883

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

		30/06/2011		30/06/2010		30/06/2009
Gross value	VT	0	0%	8 471 290	55,1%	5 462 813
1 year at most	VU	0	0%	8 301 301	57,2%	5 281 173
More than one year	VV	0	0%	169 989	-6,4%	181 640

State of loans

		30/06/2011		30/06/2010		30/06/2009
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	0	0%	168 186	-5,8%	178 602
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		30/06/2011		30/06/2010		30/06/2009
Customers doubtful or disputed	VA	0	0%	474 969	-2,0%	484 845
Other claims customer	UX	0	0%	5 148 498	47,9%	3 480 639
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%	405 813
Value added tax	VB	0	0%	1 074 697	200,4%	357 757
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%	61 082	120,4%	27 712

Prepaid

		30/06/2011		30/06/2010		30/06/2009
Prepaid	VS	0	0%	1 543 858	192,7%	527 446

State Debt

			30/06/2011		30/06/2010		30/06/2009
	Total debt (gross)	VY	0	0%	13 717 358	68,5%	8 139 455
1 year at most		VZ2	0	0%	13 531 918	72,1%	7 863 859
More than 1 year and 5 years at most		VZ3	0	0%	185 440	-32,7%	275 596
More than 5 years		VZ4	0	0%	0	0%	0

Details

			30/06/2011		30/06/2010		30/06/2009
	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	0	0%	1 705 511	-55,4%	3 825 163
1 year at most		VG2	0	0%	1 705 511	-55,4%	3 825 163
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%	3 953 174	1588,0%	234 197
1 year at most		VH2	0	0%	3 914 253	2709,6%	139 317
More than 1 year and 5 years at most		VH3	0	0%	38 921	-59,0%	94 880
	Loans and various financial liabilities (gross)	8A1	0	0%	275 209	-4,9%	289 284
1 year at most		8A2	0	0%	128 690	18,5%	108 569
More than 1 year and 5 years at most		8A3	0	0%	146 519	-18,9%	180 715
	Suppliers and associated accounts (gross)	8B1	0	0%	6 198 221	119,8%	2 819 709
1 year at most		8B2	0	0%	6 198 221	119,8%	2 819 709
More than 1 year and 5 years at most		8B3	0	0%	6 198 221	119,8%	2 819 709
	Personnel and associated accounts (gross)	8C1	0	0%	548 032	134,3%	233 926
1 year at most		8C2	0	0%	548 032	134,3%	233 926
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	468 039	22,8%	381 084
1 year at most		8D2	0	0%	468 039	22,8%	381 084
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	223 235	0%	0
1 year at most		8E2	0	0%	223 235	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	111 835	-39,2%	183 794
1 year at most		VW2	0	0%	111 835	-39,2%	183 794
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	0	0%	105 316	433,5%	19 739
1 year at most		VQ2	0	0%	105 316	433,5%	19 739
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	0	0%	107	-98,1%	5 684
1 year at most		VI2	0	0%	107	-98,1%	5 684
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%	128 680	-12,4%	146 873
1 year at most		8K2	0	0%	128 680	-12,4%	146 873
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		30/06/2011		30/06/2010		30/06/2009
Loans made during the period	VJ	0	0%	13 188 122	0%	0
Debt repaid during the period	VK	0	0%	10 858 744	0%	0

Table allocation results and other information
Dividends distributed

		30/06/2011		30/06/2010		30/06/2009
Dividends	ZE	0	0%	260 000	-65,3%	750 000

Commitments

		30/06/2011		30/06/2010		30/06/2009
Commitments leasing furniture	YQ	0	0%	82 381	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	1 051 223

Other charges Externes

		30/06/2011		30/06/2010		30/06/2009
Subcontracting	YT	0	0%	6 572	-52,4%	13 797
Rentals, rental charges and condominiums	XQ	0	0%	747 014	-2,6%	766 735
Staff outside the company	YU	0	0%	87 581	-57,8%	207 357
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	444 978	-42,7%	777 167
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	2 478 186	-2,0%	2 529 669
Total Other purchases and external	ZJ	0	0%	3 764 331	-12,3%	4 294 725

Taxes and Fees

		30/06/2011		30/06/2010		30/06/2009
Business tax	YW	0	0%	201 282	29,5%	155 394
Other taxes and payments assimilated	9Z	0	0%	183 521	2,8%	178 516
Total taxes and fees	YX	0	0%	384 803	15,2%	333 910

VAT

		30/06/2011		30/06/2010		30/06/2009
Amount VAT collected	YY	0	0%	5 905 954	-3,6%	6 124 387
Total VAT on goods and services	YZ	0	0%	5 578 647	5,7%	5 275 831

Average number of employees

		30/06/2011		30/06/2010		30/06/2009
Average number of employees	YP	0	0%	82	0%	82

Groups and Shareholders

		30/06/2011		30/06/2010		30/06/2009
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Fixed Asset Financing	5,51	-25,4%	7,39	72,3%	4,29	1,91	188,5%
Global Debt	103 days	-36,4%	162 days	97,6%	82 days	143 days	-28,0%
Working Capital Fund overall net	92 days	-42,1%	159 days	112,0%	75 days	47 days	95,7%
Financial independence	158,64%	9,6%	144,71%	-26,3%	196,25%	366,33%	-56,7%
More ratios
Solvability	42,56%	14,0%	37,33%	-24,2%	49,27%	26,84%	58,6%
Capacity debt futures	%	-	145,71%	-27,5%	200,95%	823,47%	-
Coverage of current assets by net working capital overall	56,28%	-16,1%	67,07%	37,4%	48,80%	33,07%	70,2%
General Liquidity		-	0,61	-9,0%	0,67	0,40	-
Restricted Liquidity		-	0,64	-21,0%	0,81	0,72	-

Management or rotation

	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Need background in operating working capital	108 days	-20,6%	136 days	36,0%	100 days	10 days	980,0%
Treasury	-28 days	-660,0%	5 days	116,7%	-30 days	7 days	-500%
Inventory turnover of goods	171 days	-20,1%	214 days	55,1%	138 days	92 days	85,9%
Average length of credit granted to customers	47 days	-16,1%	56 days	30,2%	43 days	29 days	62,1%
Average length of credit obtained suppliers	57 days	-14,9%	67 days	116,1%	31 days	62 days	-8,1%
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	1984 days	-
Rotation tangible assets	1975,23%	24,5%	1586,22%	-8,8%	1738,60%	2076,52%	-4,9%

Profitability of the business

	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Margin trading	37,91%	16,3%	32,59%	-2,0%	33,24	31,62%	19,9%
Profitability of the business	8,92	221,7%	-7,33	-188,1%	8,32	2,84%	214,1%
Net profit	0,88%	-44,3%	1,58%	618,2%	0,22%	1,61%	-45,3%
More ratios
Growth rate of turnover (excluding VAT)	25,34%	274,9%	-14,49%	-40,7%	-10,30%	0%	0%
Rates integration	21,78%	126,4%	9,62%	-54,9%	21,32%	18,62%	17,0%
Rate leasing furniture	0,10%	66,7%	0,06%	0%	0%	0%	0%
Work Factor	54,30%	-66,7%	163,11%	188,4%	56,55%	68,63%	-20,9%
Weight interests	2,61	-19,4%	3,24%	-39,2%	5,33%	0,21%	1142,9%

Return on capital

	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Cash flow from the overall profitability	1,41%	-35,3%	2,18%	1462,5%	-0,16%	2,10%	-32,9%
Rates of economic profitability	25%	256,2%	-16%	-166,7%	24%	13%	92,3%
Financial profitability	8074287%	-1,4%	8188606%	2,8%	7966552%	31523,50%	25513,5%
Return on investment	9,91%	-4,6%	10,39%	-35,3%	16,05%	10,57%	-6,2%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/06/2011		30/06/2010		30/06/2009	Sector Median 2011
Turnover	38 144 267	25,3%	30 433 678	-14,5%	35 589 884	433 346 €	8702,3%

Sales of goods	38 106 095	25,4%	30 391 449	-14,5%	35 538 085
- Purchase of goods	22 739 768	-3,6%	23 580 691	14,0%	20 689 478
+/- Stock of goods variation	905 227	129,1%	-3 107 662	-202,9%	3 019 323
Trading margin	14 461 100 €	45,8%	9 918 420 €	-16,2%	11 829 284 €	112 247 €	12783,3%
	37,91 % CA	16,3%	32,59 % CA	-2,0%	33,24 % CA	32,71 % CA	15,9%

Sale of goods produced	38 172	-9,6%	42 229	-18,5%	51 799
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	38 172 €	-9,6%	42 229 €	-18,5%	51 799 €	2 483 €	1437,3%
	0,10 % CA	-28,6%	0,14 % CA	-6,7%	0,15 % CA	1,11 % CA	-91,0%

Trading margin	14 461 100	45,8%	9 918 420	-16,2%	11 829 284	112 247	12783,3%
+ Period Production	38 172	-9,6%	42 229	-18,5%	51 799	2 483	1437,3%
- Purchase of raw materials	2 634 924	-19,4%	3 269 115	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	3 554 626	-5,6%	3 764 332	-12,3%	4 294 727
Added value	8 309 722 €	183,9%	2 927 202 €	-61,4%	7 586 356 €	89 287 €	9206,8%
	21,78 % CA	126,4%	9,62 % CA	-54,9%	21,32 % CA	18,62 % CA	17,0%

Added value	8 309 722 €	183,9%	2 927 202 €	-61,4%	7 586 356 €	89 287 €	9206,8%
+ Operating grants	1 000	0%	0	0%	0
- Tax, duty and similar payments	395 222	2,7%	384 803	15,2%	333 910
- Personal charges	4 512 504	-5,5%	4 774 545	11,3%	4 289 768
Gross operating surplus	3 402 996 €	252,5%	-2 232 146 €	-175,3%	2 962 678 €	10 448 €	32470,8%
	8,92 % CA	221,7%	-7,33 % CA	-188,1%	8,32 % CA	2,84 % CA	214,1%

Gross operating surplus	3 402 996 €	252,5%	-2 232 146 €	-175,3%	2 962 678 €	10 448 €	32470,8%
+ Release of reserves and provisions	253 828	242,3%	74 156	-78,9%	351 660
+ Other operating income	2 832	4620,0%	60	-94,0%	1 007
- Depreciation/Amortisation	355 392	27,7%	278 406	-16,7%	334 070
- Other charges	2 453 331	94,0%	1 264 659	-17,3%	1 529 116
Operating result	850 933 €	123,0%	-3 700 995 €	-354,9%	1 452 159 €	7 831 €	10766,2%
	2,23 % CA	118,3%	-12,16 % CA	-398,0%	4,08 % CA	2,13 % CA	4,7%

Operating result	850 933 €	123,0%	-3 700 995 €	-354,9%	1 452 159 €	7 831 €	10766,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	751 543	161,5%	287 447	-45,2%	524 540
- Financial charges	996 559	1,1%	985 431	-48,1%	1 898 147
Pre-tax result	605 917 €	113,8%	-4 398 979 €	-5700,1%	78 552 €	6 765 €	8856,6%
	1,59 % CA	111,0%	-14,45 % CA	-6668,2%	0,22 % CA	1,74 % CA	-8,6%

Extraordinary income	8 361	-95,1%	171 183	93,1%	88 639	0	0%
- Extraordinary charges	77 593	53,0%	50 716	-24,5%	67 206
Extraordinary result	-69 232 €	-157,5%	120 467 €	462,1%	21 433 €	0 €	0%
	-0,18 % CA	-145,0%	0,40 % CA	566,7%	0 % CA	0 % CA	0%

Pre-tax result	605 917 €	113,8%	-4 398 979 €	-5700,1%	78 552 €	6 765 €	8856,6%
Extraordinary result	-69 232 €	-157,5%	120 467 €	462,1%	21 433 €	0 €	0%
- Employee profit sharing	2 368	-93,4%	36 022	0%	0
- Tax on profits	198 636	-27,2%	272 955	1240,6%	20 361
Net result	335 681 €	107,3%	-4 587 489 €	-5861,4%	79 624 €	6 765 €	4862,0%
	0,88 % CA	105,8%	-15,07 % CA	-6950,0%	0,22 % CA	1,61 % CA	-45,3%

ADDITIONAL INFORMATION

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)
RCS Registration	RCS Paris 8 319 467 791	Share capital	1,524,490 Euros
Registration Court	Paris (75)	Legal form	Simplified joint stock company
Court Registry Number	19 8 0B057	EUR VAT Number	FR26319467791
Incorporation Date	08/1980	Formation Date	06/1980
Deregistration Date		Last account Date	30/06/2011
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)	Business Pages FT®
Postal Address	BENJAMIN 11 RUE POISSONNIERE 75002 PARIS 2	Trading Address	11 RUE POISSONNIERE 75002 PARIS 2
Telephone	01 42 33 01 16
Fax

Type	Head office	Status	Economically active
Formation Date	05/1997	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Paris (75)	Region	Ile-de-France
District	1	Area	99
City	PARIS 2	Size of urban area	Paris conglomeration

Other establishments

Branches	2 branch entities in this company
Head office	> BENJAMIN <<< - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in PARIS 2 (75002)
Secondary establishments	> BENJAMIN - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in MONTREUIL SOUS BOIS (93100) > BENJAMIN - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in LA COURNEUVE (93120) > BENJAMIN - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in LA COURNEUVE (93120)

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

1 or 2 employees

Company workforce

50 to 99 employees

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

41105647

27/10/2011

04/12/2012

SERVICE DES IMPOTS DES ENTREPRISES DAUBERVILLIERS

17 608 EUR

-

Reason for closure	Crossed Off
Court	Paris
Creditor	SERVICE DES IMPOTS DES ENTREPRISES DAUBERVILLIERS
Debtor	SA BENJAMIN 11 RUE POISSONNIERE 75002 PARIS

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
23/02/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9426 - 319467791 RCS. BENJAMIN. Forme : Société par actions simplifiée. Adresse : 11 rue Poissonnière 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2011.
19/04/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1281 - 319 467 791 RCS Paris. BENJAMIN. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire partant : Burgy, Pierre, modification du Commissaire aux comptes titulaire Cauzot, Jean-Claude, nomination du Commissaire aux comptes suppléant : COMAUDITEX. Capital : 1524490.17 EUR. Activité : . Adresse du siège social : 11 rue Poissonnière, 75002 Paris. Commentaires : modification survenue sur l'administration.
15/03/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9038 - 319467791 RCS. BENJAMIN. Forme : Société par actions simplifiée. Adresse : 11 R POISSONNIERE 75002 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2010.
15/03/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6488 - 319467791 RCS. BENJAMIN. Forme : Société par actions simplifiée. Adresse : 11 R POISSONNIERE 75002 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2009.
07/04/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7447 - 319467791 RCS. BENJAMIN. Forme : Société par actions simplifiée. Adresse : 11 rue Poissonnière 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2008.
25/03/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6703 - 319467791 RCS. BENJAMIN. Forme : Société par actions simplifiée. Adresse : 11 rue Poissonnière 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2007.
15/05/2007	Bodacc C	Avis de dépôt des comptes
6368 - RCS Paris B 319 467 791. RC 80-B 5742. BENJAMIN. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 11, R Poissonnière,Paris, 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 30 juin 2006.
12/09/2006	Bodacc C	Avis de dépôt des comptes
4231 - RCS Paris B 319 467 791. RC 80-B 5742. BENJAMIN. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 11, R Poissonnière,Paris, 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 30 juin 2005.
05/08/2005	Bodacc B	Modifications et mutations diverses
1300 - RCS Paris B 319 467 791. RC 80-B 5742. BENJAMIN. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président : BARBIERI (Benjamin). Modification d'un directeur général : SITRUK (Jeanine) (Nom d'usage : BARNIERI). Administrateurs partants : PRIEUR, née BARBIERI (Fabienne) SARFATI, née SITRUK (Nitza).
17/03/2005	Bodacc C	Avis de dépôt des comptes
1682 - RCS Paris B 319 467 791. RC 80-B 5742. BENJAMIN. Forme: S.A. Adresse du siège social: 11, rue Poissonnière,75002 Paris. Comptes annuels et rapports de l'exercice clos le: 30 juin 2004.
07/05/2003	Bodacc B	Modifications et mutations diverses
RCS Paris B 319467791 RC 80-B 5742 BENJAMIN. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification du président du conseil d' administration et directeur général : BARBIERI (Benjamin). Modification du directeur général délégué et administrateur : SITRUK (Jeanine) ( Nom d'usage : BARNIERI).
13/08/2000	Bodacc B	Modifications et mutations diverses
RCS Paris B 319467791 RC 80-B 5742 BENJAMIN. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes suppléant partant : POUMEROL (Jean-François). Nomination du commissaire aux comptes suppléant : CAUZOT (Jean-Claude).
05/06/1997	Bodacc B	Modifications et mutations diverses
RCS Paris B 319 467 791 RC 80-B 5742 BENJAMIN. Forme : S.A. Adresse du siège social : 11 rue Poissonnière 75002 Paris. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : 11 rue Poissonnière 75002 Paris.
11/02/1995	Bodacc B	Modifications et mutations diverses
RCS Paris B 319 467 791 RC 80-B 5742 BENJAMIN. Forme : S.A. Capital : 10 000 000 de F. Commentaires : modification survenue sur le capital.

Company events history

Date	Description
23/02/2012	Bodacc C : Deposit accounts notice
27/01/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
27/10/2011	Unfiling of a Tax Office preferential right
27/10/2011	New Filling of Tax Office preferential right
30/06/2011	New accounts available
19/04/2011	Bodacc B: Various editing or changing
06/04/2011	New auditor
06/04/2011	Minutes of general meeting of shareholders
15/03/2011	Bodacc C : Deposit accounts notice
30/06/2010	New accounts available
15/03/2010	Bodacc C : Deposit accounts notice
30/06/2009	New accounts available
07/04/2009	Bodacc C : Deposit accounts notice
25/03/2009	Collection of preferential rights activated for this company
30/06/2008	New accounts available
25/03/2008	Bodacc C : Deposit accounts notice
30/06/2007	New accounts available
30/06/2006	New accounts available
26/07/2005	Changement de Forme Juridique avec changement de catégorie
26/07/2005	Changement de Forme Juridique sans changement de catégorie
26/07/2005	New legal form – no new category
26/07/2005	New legal form – no new category
26/07/2005	Changement de Président (PDG, PCA)
26/07/2005	Modification du Conseil d'Administration
26/07/2005	Acte sous seing privé
26/07/2005	Private document
26/07/2005	Private document
26/07/2005	Minutes of general meeting of shareholders
26/07/2005	PV d'Assemblée
26/07/2005	Minutes of general meeting of shareholders
26/07/2005	Statuts mis à jour
26/07/2005	Updated articles of association
26/07/2005	Updated articles of association
26/07/2005	Audit or Management Report
26/07/2005	Rapport des Commissaires ou du Gérant
26/07/2005	Audit or Management Report
30/06/2005	New accounts available
30/06/2004	New accounts available
30/06/2003	New accounts available
18/04/2003	Modification du Conseil d'Administration
18/04/2003	Conversion du Capital Social en Euros
18/04/2003	Augmentation de Capital
18/04/2003	Statuts mis à jour
18/04/2003	PV du Conseil d'Administration
18/04/2003	PV d'Assemblée
18/04/2003	Acte sous seing privé
31/07/2000	PV d'Assemblée
31/07/2000	Acte sous seing privé
31/07/2000	Nomination/démission des organes de gestion
31/07/2000	Changement de Commissaire aux Comptes
22/05/1997	Acte sous seing privé
22/05/1997	Statuts mis à jour
22/05/1997	Transfert du Siège dans le ressort du Tribunal de Commerce
22/05/1997	PV du Conseil d'Administration
26/01/1995	Acte modificatif
26/01/1995	Augmentation de Capital
26/01/1995	PV d'Assemblée
26/01/1995	Statuts mis à jour
22/04/1993	PV d'Assemblée
22/04/1993	Changement de Commissaire aux Comptes
22/04/1993	Acte modificatif

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.29
UK Pound	1	Rs.81.09
Euro	1	Rs.70.61

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.