MIRA INFORM REPORT

Report Date :

28.03.2013

IDENTIFICATION DETAILS

Name :	EUROPEAN AND EASTERN TRADE SARL
Registered Office :	Eet 13 Av Georges Pompidou 95580 Margency
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	November 1993
Com. Reg. No.:	RCS Pontoise 9 392 926 309
Legal Form :	Limited Liability Company
Line of Business :	Wholesale (intercompany trade) of various industrial supplies and equipment
No. of Employees :	1 or 2 employees

RATING & COMMENTS

MIRA’s Rating :

B

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

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

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

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

FRANCE - ECONOMIC OVERVIEW

France was transitioning from an economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms but is in the midst of a euro-zone crisis. The government has partially or fully privatized many large companies, banks, and insurers, and has ceded stakes in such leading firms as Air France, France Telecom, Renault, and Thales. It maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 75 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011. The unemployment rate increased from 7.4% in 2008 to 9.3% in 2010 and 9.1% in 2011. Lower-than-expected growth and increased unemployment have cut government revenues and increased borrowing costs, contributing to a deterioration of France's public finances. The government budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 5.8% of GDP in 2011, while France's public debt rose from 68% of GDP to 86% over the same period. Under President SARKOZY, Paris implemented austerity measures that eliminated tax credits and froze most government spending in an effort to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt levels. Socialist Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, as well as measures such as forcing banks to separate their traditional deposit taking and lending activities from more speculative businesses, increasing taxes on bank profits, introducing a new top bracket on income taxes for people earning over €1 million ($1.3 million) a year, and hiring an additional 60,000 civil servants during his five-year term of office.

Source : CIA

Company name and address

Top of Form

Name

EUROPEAN AND EASTERN TRADE SARL

SIRET

392 926 309 00023

Personal comment

company summary

Acronym	EET
		EUR VAT Number	FR19392926309
Activity (APE)	Wholesale (intercompany trade) of various industrial supplies and equipment (4669B)	Legal form	Limited Liability Company
Phone	01 34 16 61 00	RCS Registration	RCS Pontoise 9 392 926 309
Fax	01 34 16 59 00	Share capital	65,325 Euros
Address	EUROPEAN AND EASTERN TRADE SARL EET 13 AV GEORGES POMPIDOU 95580 MARGENCY	Incorporated Date	11/1993
Nationality	France	Status	Economically active

No social security and tax office preferential right to date

Current Directors

1

Trading to Date	12/31/2011	12/31/2010	12/31/2009
Turnover	1,002,685 €	1,505,178 €	1,412,590 €
Gross Operating Surplus	-0,05 % Turnover	6,62 % Turnover	11,01 % Turnover
Shareholders’ equity	403,982 €	394,598 €	360,507 €
Net result	9,383 €	61,406 €	60,743 €
Employees	1 or 2 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)
RCS Registration	RCS Pontoise 9 392 926 309	Share capital	65,325 Euros
Registration Court	Pontoise (78)	Legal form	Limited Liability Company
Court Registry Number	19 9 3B020	EUR VAT Number	FR19392926309
Incorporation Date	11/1993	Formation Date	11/1993
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Acronym	EET
Activity (APE)	Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)	Business Pages FT®
Postal Address	EUROPEAN AND EASTERN TRADE SARL EET 13 AV GEORGES POMPIDOU 95580 MARGENCY	Trading Address	13 AVENUE GEORGES POMPIDOU 95580 MARGENCY
Telephone	01 34 16 61 00
Fax	01 34 16 59 00

Type	Head office (one site company)	Status	Economically active
Formation Date	01/1997	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Import, export	Activity Location	Other
Location surface		Seasonality

Department	Val-d'Oise (95)	Region	Ile-de-France
District	2	Area	24
City	MARGENCY	Size of urban area	Paris conglomeration

Other establishments

Branches	1 branch entities in this company
Head office	> EUROPEAN AND EASTERN TRADE SARL <<< - Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B) in MARGENCY (95580)
Secondary establishments

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

1 or 2 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2011	31/12/2010	31/12/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	25/01/2013	04/07/2011	02/10/2010
Activity Code	4669B	4669B	4669B
Employees	0	0	0

Active account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	71 279	749,3%	8 393	-91,3%	96 565	30 601	132,9%
- Intangible assets	0	0%	0	0%	0	0	0%
- Tangible assets	54 873	627,5%	-10 402	-113,8%	75 287	13 143,50	317,5%
- Financial assets	16 406	-12,7%	18 795	-11,7%	21 278	1 806	808,4%
Net current assets	679 876	15,1%	590 427	34,6%	438 496	416 627,50	63,2%
- Stocks	196 924	86,9%	105 362	177,4%	37 983	51 870,50	279,6%
- Advanced payments	0	15,1%	0	0%	0	0	0%
- Receivables	401 798	32,5%	303 174	-16,7%	364 069	205 048,50	96,0%
- Securities and cash	81 154	-55,4%	181 891	399,1%	36 444	64 138,50	26,5%
- Prepaid expenses	-	-	-	-	-	225	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	751 155	25,4%	598 820	11,9%	535 060	491 564	52,8%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Shareholders' equity	403 982	2,4%	394 598	9,5%	360 507	161 517	150,1%
Share capital	65 325	0%	65 325	-28,6%	91 550	35 901	82,0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	347 174	70,0%	204 222	17,0%	174 552	279 428	24,2%
- Financial liabilities	96 433	90,2%	50 698	-58,8%	123 026	21 128,50	356,4%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	209 474	114,9%	97 496	190,1%	33 604	112 552,50	86,1%
- Tax and social liabilities	19 621	-36,5%	30 882	72,3%	17 922	76 644,50	-74,4%
- Other debts and fixed assets liabilities	21 646	-13,9%	25 146	0%	0	4 487,50	382,4%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	751 155	25,4%	598 820	11,9%	535 059	491 564	52,8%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Sales of Goods	1 002 686	-33,4%	1 505 178	6,6%	1 412 623	850 974,50	17,8%
Net turnover	1 002 685	-33,4%	1 505 178	6,6%	1 412 590	835 608,50	20,0%
- of which net export turnover	0	0%	1 378 545	-0,3%	1 382 074	0	0%
Operating charges	1 007 642	-28,7%	1 412 529	11,7%	1 264 302	807 824	24,7%
Operating profit/loss	-4 956	-105,3%	92 649	-37,5%	148 321	30 026	-116,5%
Financial income	916	98,3%	462	-58,5%	1 114	167	448,5%
Financial charges	4 935	-42,4%	8 567	-34,6%	13 101	1 486,50	232,0%
Financial profit/loss	-4 019	50,4%	-8 105	32,4%	-11 987	-251	-1501,2%
Pretax net operating income	-8 975	-110,6%	84 544	-38,0%	136 334	28 749,50	-131,2%
Extraordinary income	21 168	1935,4%	1 040	-71,5%	3 650	210,50	9956,1%
Extraordinary charges	1 124	-69,7%	3 713	-93,5%	57 139	307	266,1%
Extraordinary profit/loss	20 044	849,9%	-2 673	95,0%	-53 489	0	0%
Net result	9 383	-84,7%	61 406	1,1%	60 743	24 744,50	-62,1%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2011		31/12/2010		31/12/2009
	Grand Total (I to VI)	Net	751 155	25,4%	598 820	11,9%	535 060
	Gross	CO	782 243	21,7%	642 962	12,4%	572 179
	Amortisation	1A	31 088	-29,6%	44 142	18,9%	37 119

Non declared distributed capital (I)

		31/12/2011		31/12/2010		31/12/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2011		31/12/2010		31/12/2009
	Total Active fixed asset (II)	Net	71 279	749,3%	8 393	-91,3%	96 565
	Gross	BJ	102 366	94,9%	52 534	-60,7%	133 683
	Amortisation	BK	31 087	-29,6%	44 141	18,9%	37 118

Intangilble fixed assets

			31/12/2011		31/12/2010		31/12/2009
	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%	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	0	0%	0	0%	0

Tangilble fixed assets

			31/12/2011		31/12/2010		31/12/2009
	Lands	Net	1 916	0%	1 916	0%	1 916
	Gross	AN	1 916	0%	1 916	0%	1 916
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	49 763	384,9%	-17 464	-126,8%	65 135
	Gross	AP	51 427	0%	0	0%	78 666
	Amortisation	AQ	1 664	-90,5%	17 464	29,1%	13 531
	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	3 194	-37,9%	5 146	-37,5%	8 236
	Gross	AT	28 044	2,9%	27 250	0%	27 250
	Amortisation	AU	24 850	12,4%	22 104	16,3%	19 014
	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	54 873		-10 402		75 287

Financial assets

			31/12/2011		31/12/2010		31/12/2009
	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	4 573	0%	4 573	0%	4 573
	Amortisation	CV	4 573	0%	4 573	0%	4 573
	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	15 128	-13,6%	17 517	-12,4%	20 000
	Gross	BF	15 128	0%	17 517	0%	20 000
	Amortisation	BG	0		0		0
	Other financial assets	Net	1 278	0%	1 278	0%	1 278
	Gross	BH	1 278	0%	1 278	0%	1 278
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		16 406		18 795		21 278

Current Assets (III)

			31/12/2011		31/12/2010		31/12/2009
	Total Assets	Net	679 876	15,1%	590 427	34,6%	438 496
	Gross	CJ	679 876	15,1%	590 427	34,6%	438 496
	Amortisation	CK	0	0%	0	0%	0

Stocks

			31/12/2011		31/12/2010		31/12/2009
	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	196 924	86,9%	105 362	177,4%	37 983
	Gross	BT	196 924	86,9%	105 362	177,4%	37 983
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	196 924	86,9%	105 362	177,4%	37 983

Advance payments to suppliers

			31/12/2011		31/12/2010		31/12/2009
	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

			31/12/2011		31/12/2010		31/12/2009
	Trade accounts receivable	Net	332 040	11,3%	298 392	-14,7%	349 986
	Gross	BX	332 040	11,3%	298 392	-14,7%	349 986
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	69 758	1358,8%	4 782	-66,0%	14 083
	Gross	BZ	69 758	1358,8%	4 782	-66,0%	14 083
	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	401 798	32,5%	303 174	-16,7%	364 069

Divers

			31/12/2011		31/12/2010		31/12/2009
	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	81 154	-55,4%	181 891	399,1%	36 444
	Gross	CF	81 154	-55,4%	181 891	399,1%	36 444
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	81 154	-55,4%	181 891	399,1%	36 444

Prepaid expenses

			31/12/2011		31/12/2010		31/12/2009
	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)

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to V)	EE	751 155	25,4%	598 820	11,9%	535 059

Shareholder Equity (I)

			31/12/2011		31/12/2010		31/12/2009
	Total shareholders' equity (Total I)	DL	403 982	2,4%	394 598	9,5%	360 507
	Equity and shareholders' equity	DA	65 325	0%	65 325	-28,6%	91 550
	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	6 533	0%	6 533	-14,3%	7 623
	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	322 741	23,5%	261 334	30,3%	200 591
	Profit or loss for the period	DI	9 383	-84,7%	61 406	1,1%	60 743
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	Total Liabilities (Total IV)	EC	347 174	70,0%	204 222	17,0%	174 552
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	0	0%	0
	Sundry loans and financial liabilities	DV	96 433	90,2%	50 698	-58,8%	123 026
	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	209 474	114,9%	97 496	190,1%	33 604
	Tax and social security liabilities	DY	19 621	-36,5%	30 882	72,3%	17 922
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	21 646	-13,9%	25 146	0%	0

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2009
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2011		31/12/2010		31/12/2009
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	336 784	77,0%	190 226	53,0%	124 334
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2011		31/12/2010		31/12/2009
Operating result (Total I-II)	GG	-4 956	-105,3%	92 649	-37,5%	148 321

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	-4 019	50,4%	-8 105	32,4%	-11 987

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

		31/12/2011		31/12/2010		31/12/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-8 975	-110,6%	84 544	-38,0%	136 334

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	20 044	849,9%	-2 673	95,0%	-53 489

Profit or loss

		31/12/2011		31/12/2010		31/12/2009
Profit or loss	HN	9 383	-84,7%	61 406	1,1%	60 743

Total Income (I+III+V+VII)

		31/12/2011		31/12/2010		31/12/2009
Total Income (I+III+V+VII)	HL	1 024 770	-32,0%	1 506 681	6,3%	1 417 387

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

		31/12/2011		31/12/2010		31/12/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	1 015 386	-29,7%	1 445 274	6,5%	1 356 643

Operating income (I)

		31/12/2011		31/12/2010		31/12/2009
Total operating income (Total I)	FR	1 002 686	-33,4%	1 505 178	6,6%	1 412 623

Operating income (details)

			31/12/2011		31/12/2010		31/12/2009
	Sale of goods for resale	FC	993 412	-33,3%	1 490 110	6,8%	1 395 824
	France	FA	993 412	684,5%	126 633	315,0%	30 516
	Export	FB	0	0%	1 363 478	-0,1%	1 365 308
	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	9 273	-38,5%	15 067	-10,1%	16 766
	France	FG	9 273	0%	0	0%	0
	Export	FH	0	0%	15 067	-10,1%	16 766
	Net turnover	FL	1 002 685	-33,4%	1 505 178	6,6%	1 412 590
	France	FJ	1 002 685	691,8%	126 633	315,0%	30 516
	Export	FK	0	0%	1 378 545	-0,3%	1 382 074
	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	01	0%	01	-97,0%	33

Operating charges (II)

		31/12/2011		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	1 007 642	-28,7%	1 412 529	11,7%	1 264 302

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
Purchase of goods for resale	FS	825 323	-29,4%	1 168 626	18,0%	990 227
Change in stocks of goods for resale	FT	-91 562	-35,9%	-67 380	-104,2%	-32 997
Purchase of raw materials	FU	4 481	-37,2%	7 132	182,9%	2 521
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	138 982	-21,9%	177 931	3,4%	172 139
Tax, duty and similar payments	FX	9 904	515,9%	1 608	-82,7%	9 300
Payroll	FY	76 571	1,8%	75 224	0,4%	74 905
Social security costs	FZ	39 522	-6,9%	42 449	3,6%	40 989

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	4 411	-36,4%	6 935	-3,5%	7 187
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

		31/12/2011		31/12/2010		31/12/2009
Other charges	GE	10	233,3%	03	-90,3%	31

Operating charges (III-IV)

		31/12/2011		31/12/2010		31/12/2009
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)

			31/12/2011		31/12/2010		31/12/2009
	Total financial income (Total V)	GP	916	98,3%	462	-58,5%	1 114
	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	916	98,3%	462	-58,5%	1 114
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2011		31/12/2010		31/12/2009
	Total financial charge (Total VI)	GU	4 935	-42,4%	8 567	-34,6%	13 101
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	4 935	-42,4%	8 567	-34,6%	13 101
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2011		31/12/2010		31/12/2009
	Total extraordinary income (Total VII)	HD	21 168	1935,4%	1 040	-71,5%	3 650
	Extraordinary operating income	HA	21 168	1935,4%	1 040	-70,2%	3 495
	Extraordinary income from capital transactions	HB	0	0%	0	0%	155
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2011		31/12/2010		31/12/2009
	Total extraordinary charges (Total VIII)	HH	1 124	-69,7%	3 713	-93,5%	57 139
	Extraordinary operating charges	HE	1 124	-69,7%	3 713	-93,5%	57 122
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	17
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2011		31/12/2010		31/12/2009
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2011		31/12/2010		31/12/2009
Tax on profits (Total X)	HK	1 685	-91,8%	20 465	-7,4%	22 101

References

		31/12/2011		31/12/2010		31/12/2009
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)

			31/12/2011		31/12/2010		31/12/2009
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	78 666	0%	0
	Gross value at the end of period	OL	102 367	94,9%	52 535	-60,7%	133 684

Research and development Charge (Total I)

			31/12/2011		31/12/2010		31/12/2009
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	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)

			31/12/2011		31/12/2010		31/12/2009
	Gross value at begin of period	KD	0	0%	0	0%	0
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess 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)

			31/12/2011		31/12/2010		31/12/2009
	Gross value at begin of period	LN	81 387	-24,5%	107 832	2,7%	104 964
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	2 868
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	78 666	0%	0
	Gross value at the end of period	NH	81 387	179,0%	29 166	-73,0%	107 832

Fiancial assets (Total IV)

			31/12/2011		31/12/2010		31/12/2009
	Gross value at begin of period	LQ	20 979	-18,8%	25 851	-30,3%	37 073
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	-11 221
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	20 979	-18,8%	25 851	0,0%	25 852

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

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		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)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	0
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0	0%	0

Total fixed assets amotisation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	QU	26 514	-18,5%	32 546	28,3%	25 358
Increases		QV	0	0%	7 023	-2,3%	7 186
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	26 514	-33,0%	39 569	21,6%	32 544

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

			31/12/2011		31/12/2010		31/12/2009
	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
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2011		31/12/2010		31/12/2009
	Net value at begining 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)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	7C	4 573	0%	4 573	0%	4 573
Increases		UB	-4 573	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	4 573	0%	4 573

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)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	7B	4 573	0%	4 573	0%	4 573
Increases		TY	-4 573	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	4 573	0%	4 573

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

		31/12/2011		31/12/2010		31/12/2009
Gross value	VT	0	0%	321 970	-16,4%	385 346
1 year at most	VU	0	0%	303 174	-16,7%	364 068
More than one year	VV	0	0%	18 796	-11,7%	21 278

State of loans

		31/12/2011		31/12/2010		31/12/2009
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%	17 517	-12,4%	20 000
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	1 278	0%	1 278
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2011		31/12/2010		31/12/2009
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	298 392	-14,7%	349 986
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%	3 968	-62,0%	10 447
Value added tax	VB	0	0%	814	-77,6%	3 636
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

		31/12/2011		31/12/2010		31/12/2009
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/12/2011		31/12/2010		31/12/2009
	Total debt (gross)	VY	0	0%	204 222	17,0%	174 552
1 year at most		VZ2	0	0%	190 226	53,0%	124 333
More than 1 year and 5 years at most		VZ3	0	0%	13 996	-72,1%	50 219
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2011		31/12/2010		31/12/2009
	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%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
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%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	13 996	-72,1%	50 219
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	13 996	-72,1%	50 219
	Suppliers and associated accounts (gross)	8B1	0	0%	97 496	190,1%	33 604
1 year at most		8B2	0	0%	97 496	190,1%	33 604
More than 1 year and 5 years at most		8B3	0	0%	97 496	190,1%	33 604
	Personnel and associated accounts (gross)	8C1	0	0%	4 318	0%	4 318
1 year at most		8C2	0	0%	4 318	0%	4 318
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%	13 898	10,2%	12 614
1 year at most		8D2	0	0%	13 898	10,2%	12 614
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	11 676	0%	0
1 year at most		VW2	0	0%	11 676	0%	0
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%	990	0%	990
1 year at most		VQ2	0	0%	990	0%	990
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%	36 701	-49,6%	72 808
1 year at most		VI2	0	0%	36 701	-49,6%	72 808
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%	25 146	0%	0
1 year at most		8K2	0	0%	25 146	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

		31/12/2011		31/12/2010		31/12/2009
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2011		31/12/2010		31/12/2009
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Fixed Asset Financing		5,19	-44,3%	9,32	139,6%	3,89	3,08	68,5%
Global Debt		125 days	155,1%	49 days	11,4%	44 days	106 days	17,9%
Working Capital Fund overall net		154 days	46,7%	105 days	6,1%	99 days	72 days	113,9%
Financial independence		%	-	%	-	%	784,12%	-
More ratios
Solvability		53,78%	-18,4%	65,90%	-2,2%	67,38%	39,05%	37,7%
Capacity debt futures		%	-	%	-	%	2189,45%	-
Coverage of current assets by net working capital overall		63,12%	-14,7%	74%	-16,1%	88,25%	44,27%	42,6%
General Liquidity			-	1,59	-45,7%	2,93	0,88	-
Restricted Liquidity			-	2,55	-20,8%	3,22	1,30	-

Management or rotation

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Need background in operating working capital		125 days	104,9%	61 days	-31,5%	89 days	33 days	278,8%
Treasury		29 days	-34,1%	44 days	388,9%	9 days	17 days	70,6%
Inventory turnover of goods		97 days	185,3%	34 days	142,9%	14 days	52 days	86,5%
Average length of credit granted to customers		119 days	67,6%	71 days	-20,2%	89 days	71 days	67,6%
Average length of credit obtained suppliers		86 days	218,5%	27 days	145,5%	11 days	64 days	34,4%
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	1114 days	-
Rotation tangible assets		1232%	-76,1%	5160,73%	294,0%	1309,99%	1593,13%	-22,7%

Profitability of the business

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Margin trading		25,90%	0,2%	25,84%	-16,8%	31,05	27,06%	-4,3%
Profitability of the business		-0,05	-100,8%	6,62	-39,9%	11,01	4,73%	-101,1%
Net profit		0,94%	-77,0%	4,08%	-5,1%	4,30%	2,98%	-68,5%
More ratios
Growth rate of turnover (excluding VAT)		-33,38%	-609,6%	6,55%	277,5%	-3,69%	8,17%	-508,6%
Rates integration		12,51%	-14,0%	14,54%	-26,8%	19,87%	25,07%	-50,1%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		92,53%	72,1%	53,76%	30,2%	41,29%	71,62%	29,2%
Weight interests		0,49	-14,0%	0,57%	-38,7%	0,93%	0,18%	172,2%

Return on capital

		31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Cash flow from the overall profitability		1,38%	-69,6%	4,54%	-5,4%	4,80%	3,65%	-62,2%
Rates of economic profitability		0%	0%	22%	-31,2%	32%	18%	0%
Financial profitability		403982%	2,4%	394598%	9,5%	360507%	148093%	172,8%
Return on investment		2,86%	-81,8%	15,71%	2,9%	15,27%	13,05%	-78,1%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Turnover	1 002 685	-33,4%	1 505 178	6,6%	1 412 590	835 608 €	20,0%

Sales of goods	993 412	-33,3%	1 490 110	6,8%	1 395 824
- Purchase of goods	825 323	-29,4%	1 168 626	18,0%	990 227
+/- Stock of goods variation	-91 562	-35,9%	-67 380	-104,2%	-32 997
Trading margin	259 651 €	-33,2%	388 864 €	-11,3%	438 594 €	178 979 €	45,1%
	25,90 % CA	0,2%	25,84 % CA	-16,8%	31,05 % CA	27,76 % CA	-6,7%

Sale of goods produced	9 273	-38,5%	15 067	-10,1%	16 766
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	9 273 €	-38,5%	15 067 €	-10,1%	16 766 €	71 438 €	-87,0%
	0,92 % CA	-8,0%	1,00 % CA	-16,0%	1,19 % CA	9,67 % CA	-90,5%

Trading margin	259 651	-33,2%	388 864	-11,3%	438 594	178 979	45,1%
+ Period Production	9 273	-38,5%	15 067	-10,1%	16 766	71 438	-87,0%
- Purchase of raw materials	4 481	-37,2%	7 132	182,9%	2 521
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	138 982	-21,9%	177 931	3,4%	172 139
Added value	125 461 €	-42,7%	218 868 €	-22,0%	280 700 €	216 054,50 €	-41,9%
	12,51 % CA	-14,0%	14,54 % CA	-26,8%	19,87 % CA	25,07 % CA	-50,1%

Added value	125 461 €	-42,7%	218 868 €	-22,0%	280 700 €	216 054,50 €	-41,9%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	9 904	515,9%	1 608	-82,7%	9 300
- Personal charges	116 093	-1,3%	117 673	1,5%	115 894
Gross operating surplus	-536 €	-100,5%	99 587 €	-36,0%	155 506 €	36 563 €	-101,5%
	-0,05 % CA	-100,8%	6,62 % CA	-39,9%	11,01 % CA	4,73 % CA	-101,1%

Gross operating surplus	-536 €	-100,5%	99 587 €	-36,0%	155 506 €	36 563 €	-101,5%
+ Release of reserves and provisions	0	0%	0	0%	0
+ Other operating income	01	0%	01	-97,0%	33
- Depreciation/Amortisation	4 411	-36,4%	6 935	-3,5%	7 187
- Other charges	10	233,3%	03	-90,3%	31
Operating result	-4 956 €	-105,3%	92 650 €	-37,5%	148 321 €	30 026 €	-116,5%
	-0,49 % CA	-108,0%	6,16 % CA	-41,3%	10,50 % CA	3,80 % CA	-112,9%

Operating result	-4 956 €	-105,3%	92 650 €	-37,5%	148 321 €	30 026 €	-116,5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	916	98,3%	462	-58,5%	1 114
- Financial charges	4 935	-42,4%	8 567	-34,6%	13 101
Pre-tax result	-8 975 €	-110,6%	84 545 €	-38,0%	136 334 €	28 584 €	-131,4%
	-0,90 % CA	-116,0%	5,62 % CA	-41,8%	9,65 % CA	3,69 % CA	-124,4%

Extraordinary income	21 168	1935,4%	1 040	-71,5%	3 650	210,50	9956,1%
- Extraordinary charges	1 124	-69,7%	3 713	-93,5%	57 139
Extraordinary result	20 044 €	849,9%	-2 673 €	95,0%	-53 489 €	0 €	0%
	2,00 % CA	1211,1%	-0,18 % CA	95,3%	-4 % CA	0 % CA	0%

Pre-tax result	-8 975 €	-110,6%	84 545 €	-38,0%	136 334 €	28 584 €	-131,4%
Extraordinary result	20 044 €	849,9%	-2 673 €	95,0%	-53 489 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	1 685	-91,8%	20 465	-7,4%	22 101
Net result	9 384 €	-84,7%	61 407 €	1,1%	60 744 €	24 743,50 €	-62,1%
	0,94 % CA	-77,0%	4,08 % CA	-5,1%	4,30 % CA	2,98 % CA	-68,5%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	23/12/2010
Status of Monitoring	No social security and tax office preferential right to date

Group data

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

Linkages

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

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
17/12/2012	Bodacc C	Comptes annuels et rapports
95 - VAL-D'OISE GREFFE DU TRIBUNAL DE COMMERCE DE PONTOISE 13059 - 392926309 RCS. EUROPEAN AND EASTERN TRADE SARL. Forme : Société à responsabilité limitée. Adresse : 13 avenue Georges Pompidou 95580 Margency. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
11/10/2010	Bodacc C	Comptes annuels et rapports
95 - VAL-D'OISE GREFFE DU TRIBUNAL DE COMMERCE DE PONTOISE 14497 - 392926309 RCS. EUROPEAN AND EASTERN TRADE SARL. Forme : Société à responsabilité limitée. Adresse : 13 avenue Georges Pompidou 95580 Margency. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
10/02/2010	JAL	Modification of the share capital
LA GAZETTE DU VAL D’OISE Date de décision : 05/12/2009 La société : 392926309 - EUROPEAN AND EASTERN TRADE SARL, EET, 13 AV GEORGES POMPIDOU, 95580 MARGENCY a subi une augmentation de son capital social désormais de 91 550 €
12/08/2009	Bodacc C	Comptes annuels et rapports
95 - VAL-D'OISE GREFFE DU TRIBUNAL DE COMMERCE DE PONTOISE 12496 - 392926309 RCS. EUROPEAN AND EASTERN TRADE SARL. Forme : Société à responsabilité limitée. Adresse : 13 avenue Georges Pompidou 95580 Margency. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
12/12/2008	Bodacc C	Comptes annuels et rapports
95 - VAL-D'OISE GREFFE DU TRIBUNAL DE COMMERCE DE PONTOISE 8728 - 392926309 RCS. EUROPEAN AND EASTERN TRADE SARL. Forme : Société à responsabilité limitée. Adresse : 13 avenue Georges Pompidou 95580 Margency. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
02/08/2007	Bodacc C	Avis de dépôt des comptes
7492 - 392 926 309. RCS Pontoise EUROPEAN AND EASTERN TRADE SARL. Sigle: E E T Forme: Société à responsabilité limitée. Adresse du siège social: 13 Avenue Georges Pompidou 95580 Margency. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
29/08/2006	Bodacc C	Avis de dépôt des comptes
4159 - RCS Pontoise B 392 926 309. RC 93-B 2052. EUROPEAN AND EASTERN TRADE SARL. Forme: S.A.R.L.. Adresse du siège social: 13, avenue Georges Pompidou,95580 Margency. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
23/07/2005	Bodacc C	Avis de dépôt des comptes
4251 - RCS Pontoise B 392 926 309. RC 93-B 2052. EUROPEAN AND EASTERN TRADE SARL. Forme: S.A.R.L.. Adresse du siège social: 13, avenue Georges Pompidou,95580 Margency. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
19/06/2005	Bodacc B	Modifications et mutations diverses
2253 - RCS Pontoise B 392 926 309. RC 93-B 2052. EUROPEAN AND EASTERN TRADE S.A.R.L. Sigle : EET. Forme : S.A.R.L. Capital : 50 000 euros. Nom commercial : East European Trade. Commentaires : modification survenue sur le capital (augmentation).
19/06/2005	Bodacc C	Avis de dépôt des comptes
5631 - RCS Pontoise B 392 926 309. RC 93-B 2052. EUROPEAN AND EASTERN TRADE SARL. Forme: S.A.R.L.. Adresse du siège social: 13, avenue Georges Pompidou,95580 Margency. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
28/05/2000	Bodacc B	Modifications et mutations diverses
RCS Pontoise B 392926309 RC 93-B 2052 EUROPEAN AND EASTERN TRADE S.A.R.L. Sigle : E.E.T. Forme : S.A.R.L Nom commercial: East European Trade. Commentaires : modification survenue sur l'administration. Administration : gérant partant : PETIT (Marc). Nomination du gérant : PETIT (Jacques).
06/02/1998	Bodacc B	Modifications et mutations diverses
RCS *. RCS Pontoise B 392 926 309 RC RC 93-B 2052 EUROPEAN AND EASTERN TRADE S. A.R.L. Sigle : E.E.T. Forme : S.A.R.L. Capital : 250 000 F Nom commercial: East European Trade. Adresse du siège social : 13, avenue Georges-Pompidou 95580 Margency Etablissement principal: Adresse : 13, avenue Georges-Pompidou 95580 Margency. Administration : suppression : gérant : PETIT (Jacques). Nomination en qualité de gérant : PETIT (Marc). Commentaires : modification survenue sur la dénomination, l' adresse du siège social, de l' établissement principal, l' administration et le capital ( augmentation).

Company events history

Date	Description
29/01/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
17/12/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
18/07/2011	Bodacc C : Deposit accounts notice
06/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
23/12/2010	Collection of preferential rights activated for this company
11/10/2010	Bodacc C : Deposit accounts notice
25/02/2010	Minutes of general meeting of shareholders
25/02/2010	Updated articles of association
25/02/2010	Other modification of Establishment
25/02/2010	Capital increase
10/02/2010	Update of Company Activity
10/02/2010	Modification of Company Activity
31/12/2009	New accounts available
05/12/2009	Legal Gazette: Modification of the share capital
05/12/2009	Other modification of Establishment
12/08/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
12/12/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
30/05/2005	Statuts mis à jour
30/05/2005	Updated articles of association
30/05/2005	Augmentation de Capital
30/05/2005	Capital increase
30/05/2005	Private document
30/05/2005	PV d'Assemblée
30/05/2005	Minutes of general meeting of shareholders
24/05/2005	Sale of shares
24/05/2005	Cession de parts
24/05/2005	Private document
24/05/2005	Acte sous seing privé
31/12/2004	New accounts available
31/12/2003	New accounts available
30/06/2000	Statuts mis à jour
30/06/2000	PV d'Assemblée
30/06/2000	Changement de date de clôture
15/05/2000	Acte sous seing privé
15/05/2000	Cession de parts
15/05/2000	PV d'Assemblée
15/05/2000	Statuts mis à jour
15/05/2000	Changement de Gérant
16/01/1998	Acte sous seing privé
16/01/1998	PV d'Assemblée
16/01/1998	Nomination/démission des organes de gestion
16/01/1998	Statuts mis à jour
16/01/1998	Changement de Gérant
16/01/1998	Changement de dénomination sociale
16/01/1998	Augmentation de Capital
16/01/1998	Transfert du Siège dans le ressort du Tribunal de Commerce
19/11/1993	Acte sous seing privé
19/11/1993	Statuts
19/11/1993	Nomination/démission des organes de gestion
19/11/1993	Déclaration de conformité
19/11/1993	PV d'Assemblée
19/11/1993	Formation de Société

Establishment events history

Date	Description
29/01/2013	Update Rating
29/01/2013	Update Limit
15/10/2012	Update Rating
15/10/2012	Update Limit
06/07/2011	Update Limit
05/10/2010	Update Rating
05/10/2010	Update Limit
27/09/2010	Update Limit
25/09/2010	Update Rating
23/03/2010	Update of phone numbers
16/03/2010	Update Rating
25/02/2010	Modification of Head office
10/02/2010	Modification of Head office Activity
10/02/2010	Update of Establishment Activity
30/12/2009	Update Rating
05/12/2009	Modification of Head office
27/07/2009	Update Limit
27/07/2009	Update Rating
29/05/2009	Update of phone numbers
03/12/2008	Update Limit
03/12/2008	Update Rating
28/09/2008	Update Limit
27/09/2008	Update Rating
16/12/2007	Update Limit
10/12/2007	Update Limit
09/12/2007	Update Limit
01/08/2007	Update Limit
01/08/2007	Update Rating

directors

Name	M. PETIT JACQUES
Manager position	Gérant	Date of birth	30/09/1943
Place of birth	BOURG SUR GIRONDE
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.27
UK Pound	1	Rs.82.49
Euro	1	Rs.69.88

INFORMATION DETAILS

Report Prepared by :

PRL

RATING EXPLANATIONS

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

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

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

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

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

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