MIRA INFORM REPORT

Report Date :

09.05.2013

IDENTIFICATION DETAILS

Name :	STEINBERG INTERNATIONAL
Registered Office :	Celinni, 9 Rue Buffault, 75009 Paris 9
Country :	France
Financials (as on) :	31.12.2009
Date of Incorporation :	October 2007
Com. Reg. No.:	RCS Paris 0 500 200 225
Legal Form :	Limited Liability Company
Line of Business :	Wholesale business other intermediate products
No. of Employees :	01 (2009)

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 :	Unknown
Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – March 31^st 2013

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

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

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Name

STEINBERG INTERNATIONAL

SIRET

500 200 225 00026

company summary

Trade name	CELINNI
EUR VAT Number	FR17500200225
Activity (APE)	Commerce de gros (commerce interentreprises) d’autres produits intermédiaires (4676Z) (Wholesale (business to business) other intermediate products (4676Z))	Legal form	Limited Liability Company
Phone	01 48 78 45 54	RCS Registration	RCS Paris 0 500 200 225
Fax		Share capital	7,500 Euros
Address	STEINBERG INTERNATIONAL CELINNI 9 RUE BUFFAULT 75009 PARIS 9	Incorporated Date	10/2007
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Current Directors

1

Directors

Name	M. SUSSMAN DAVID
Manager position	Gérant	Date of birth	14/11/1980
Place of birth	MARSEILLE (13001)
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

7,500 Euros

GROUP STRUCTURE & AFFILIATED COMPANIES

Linkages

No linked companies

FINANCIAL INFORMATION

Trading to Date	12/31/2009
Turnover	906,490 €
Gross Operating Surplus	3,14 % Turnover
Shareholders’ equity	51,615 €
Net result	25,442 €

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2009	31/12/2008
Account period (month)	12	15
Account Type	Normal	Simple
Deposit date	18/11/2010	18/11/2010
Activity Code	4676Z	4676Z
Employees	1	0	-

Active account

Annual Accounts	31/12/2009		31/12/2008	Sector Median 2009
Capital not called	0	-	-	0	0%
Total fixed assets	39 924	395,0%	8 066	28 663,50	39,3%
- Intangible assets	2 000	-17,7%	2 431	0	0%
- Tangible assets	33 827	2099,4%	1 538	8 200,50	312,5%
- Financial assets	4 097	0%	4 097	1 354,50	202,5%
Net current assets	384 183	248,0%	110 404	350 931,50	9,5%
- Stocks	112 646	154,8%	44 210	37 706,50	198,7%
- Advanced payments	4 526	248,0%	11 996	0	0%
- Receivables	88 882	304,8%	21 956	171 788,50	-48,3%
- Securities and cash	178 129	483,8%	30 511	47 361	276,1%
- Prepaid expenses	-	-	1 731	0	-
Accounts of regularization	08	-	-	0	0%
Total Assets	424 116	258,0%	118 470	420 875,50	0,8%

Passive Account

Annual Accounts	31/12/2009		31/12/2008	Sector Median 2009
Shareholders’ equity	51 615	97,2%	26 173	143 674,50	-64,1%
Share capital	7 500	0%	7 500	30 530	-75,4%
Other capital resources	0	-	-	0	0%
Risk Provisions	0	0%	1 346	0	0%
Liabilities	372 501	309,6%	90 951	229 463	62,3%
- Financial liabilities	217	-31,3%	316	19 681,50	-98,9%
- Advanced payments received	99 420	1354,4%	6 836	0	0%
- Trade account payables	223 827	402,1%	44 579	96 802	131,2%
- Tax and social liabilities	49 037	-	-	51 955	-5,6%
- Other debts and fixed assets liabilities	0	0%	39 220	3 942,50	0%
Account regularization	0	-	-	0	0%
Total liabilities	424 116	258,0%	118 470	420 875,50	0,8%

Results

Annual Accounts	31/12/2009		31/12/2008	Sector Median 2009
Sales of Goods	908 972	20,2%	756 343	760 393	19,5%
Net turnover	906 490	20,5%	752 001	748 898	21,0%
- of which net export turnover	28 561	-44,3%	51 241	0	0%
Operating charges	882 739	19,9%	736 480	745 508	18,4%
Operating profit/loss	26 233	32,1%	19 863	16 156,50	62,4%
Financial income	6 206	-22,4%	7 996	353	1658,1%
Financial charges	2 464	-54,8%	5 446	1 991	23,8%
Financial profit/loss	3 742	46,7%	2 550	-295	1368,5%
Pretax net operating income	29 975	33,7%	22 413	15 431,50	94,2%
Extraordinary income	158	0%	0	196,50	-19,6%
Extraordinary charges	20	-78,3%	92	227,50	-91,2%
Extraordinary profit/loss	138	250,0%	-92	0	0%
Net result	25 442	36,3%	18 673	14 174,50	79,5%

Display parameter

Currency

Euro

Kilo Euro

Normal Account	31/12/2009
Months	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2009
Grand Total (I to VI)	Net	424 116
Gross	CO	428 533
Amortisation	1A	4 417

Non declared distributed capital (I)

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

Active fixed asset (II)

		31/12/2009
Total Active fixed asset (II)	Net	39 924
Gross	BJ	43 982
Amortisation	BK	4 058

Intangible fixed assets

			31/12/2009
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R & D expenses	Net	0
	Gross	CX	0
	Amortisation	AE	0
	Distributorships, patents	Net	0
	Gross	AF	809
	Amortisation	AG	809
	Goodwill	Net	2 000
	Gross	AH	2 000
	Amortisation	AI	0
	Other intangible fixed assets	Net	0
	Gross	AJ	0
	Amortisation	AK	0
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0
Sub Total Intangible Assets		Net	2 000

Tangible fixed assets

		31/12/2009
Lands	Net	0
Gross	AN	0
Amortisation	AO	0
Buildings	Net	0
Gross	AP	0
Amortisation	AQ	0
Plant	Net	0
Gross	AR	0
Amortisation	AS	0
Other tangible fixed assets	Net	33 827
Gross	AT	37 076
Amortisation	AU	3 249
Fixed assets in construction	Net	0
Gross	AV	0
Amortisation	AW	0
Advances and payments on account	Net	0
Gross	AX	0
Amortisation	AY	0
Sub Total Tangible asset	Net	33 827

Financial assets

		31/12/2009
Associates at equity	Net	0
Gross	CS	0
Amortisation	CT	0
Other participations	Net	0
Gross	CU	0
Amortisation	CV	0
Inter-company receivables	Net	0
Gross	BB	0
Amortisation	BC	0
Other investment securities	Net	0
Gross	BD	0
Amortisation	BE	0
Loans	Net	0
Gross	BF	0
Amortisation	BG	0
Other financial assets	Net	4 097
Gross	BH	4 097
Amortisation	BI	0
Sub Total Financial Assets		4 097

Current Assets (III)

		31/12/2009
Total Assets	Net	384 183
Gross	CJ	384 542
Amortisation	CK	359

Stocks

		31/12/2009
Raw materials	Net	0
Gross	BL	0
Amortisation	BM	0
Work in progress (goods)	Net	0
Gross	BN	0
Amortisation	BO	0
Work in progress (services)	Net	0
Gross	BP	0
Amortisation	BQ	0
Semi-finished and finished products	Net	0
Gross	BR	0
Amortisation	BS	0
Goods for resale	Net	112 646
Gross	BT	112 646
Amortisation	BU	0
Sub Total Stocks	Net	112 646

Advance payments to suppliers

		31/12/2009
Advance payments to suppliers	Net	4 526
Gross	BV	4 526
Amortisation	BW	0

Debtors

		31/12/2009
Trade accounts receivable	Net	81 000
Gross	BX	81 359
Amortisation	BY	359
Other debtors	Net	1 885
Gross	BZ	1 885
Amortisation	CA	0
Capital subscribed and called up	Net	0
Gross	CB	0
Amortisation	CC	0
Sub Total Debtors	Net	82 885

Divers

		31/12/2009
Investment securities	Net	84 413
Gross	CD	84 413
Amortisation	CE	0
Cash and cash equivalents	Net	93 716
Gross	CF	93 716
Amortisation	CG	0
Sub Total Divers	Net	178 129

Prepaid expenses

		31/12/2009
Prepaid expenses	Net	5 997
Gross	CH	5 997
Amortisation	CI	0

Equalization accounts (IV to VI)

31/12/2009

Multi-period charges

CW3

0

Gross

0

Premiums on redemption of bonds

CM3

0

Gross

0

Currency differential gain

CN3

08

Gross

08

References

		31/12/2009
Due within one year	CP	0
Due after one year	CR	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2009
Grand Total (I to V)	EE	424 116

Shareholder Equity (I)

		31/12/2009
Total shareholders’ equity (Total I)	DL	51 615
Equity and shareholders’ equity	DA	7 500
Issue and merger premiums	DB	0
Revaluation differentials	DC	0
Of which equity differential	EK	0
Legal reserve	DD	750
Statutory or contractual reserve	DE	0
Special regulated reserves	DF	0
Of which special reserve of provisions for current fluctuation	B1	0
Other reserves	DG	0
Of which reserve for buying originals works from alive artists	EJ	0
Profits or losses brought forward	DH	17 923
Profit or loss for the period	DI	25 442
Investment grants	DJ	0
Special tax-allowable reserves	DK	0

Other capital resources (II)

		31/12/2009
Total other capital resources (Total II)	DO	0
Income from participating securities	DM	0
Conditional loans	DN	0

Provisions for risks and charges (III)

		31/12/2009
Total provisions for risks and charges (Total III)	DR	0
Risk provisions	DP	0
Reserves for charges	DQ	0

Liabilities (IV)

		31/12/2009
Total Liabilities (Total IV)	EC	372 501
Convertible debentures	DS	0
Other debentures	DT	0
Bank loans and liabilities	DU	0
Sundry loans and financial liabilities	DV	217
Of which participating loans	EI	0
Advance payments received for current orders	DW	99 420
Trade accounts payables	DX	223 827
Tax and social security liabilities	DY	49 037
Fixed asset liabilities	DZ	0
Other debts	EA	0

Translation loss (V)

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

Equalization accounts

		31/12/2009
Deferred income	EB	0

References

		31/12/2009
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	0
Of which current bank facilities	EH	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2009
Operating result (Total I-II)	GG	26 233

2 - Financial result (V - VI)

		31/12/2009
Financial result (Total V-VI)	GV	3 742

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

		31/12/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	29 975

4 - Extraordinary result (VII-VIII)

		31/12/2009
Extraordinary result (Total VII-VIII)	HI	138

Profit or loss

		31/12/2009
Profit or loss	HN	25 442

Total Income (I+III+V+VII)

		31/12/2009
Total Income (I+III+V+VII)	HL	915 336

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

		31/12/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	889 895

Operating income (I)

		31/12/2009
Total operating income (Total I)	FR	908 972

Operating income (details)

		31/12/2009
Sale of goods for resale	FC	905 390
France	FA	876 829
Export	FB	28 561
Sale of goods produced	FF	0
France	FD	0
Export	FE	0
Sale of services	FI	1 100
France	FG	1 100
Export	FH	0
Net turnover	FL	906 490
France	FJ	877 929
Export	FK	28 561
Stocked production	FM	0
Self-constructed assets	FN	0
Operating grants	FO	936
Release of reserves and provisions	FP	1 346
Other income	FQ	200

Operating charges (II)

		31/12/2009
Total operating charges (Total II)	GF	882 739

Exploitation charges

		31/12/2009
Purchase of goods for resale	FS	715 256
Change in stocks of goods for resale	FT	-68 436
Purchase of raw materials	FU	6 250
Change in stocks of raw materials	FV	0
Other external purchases and charges	FW	191 442
Tax, duty and similar payments	FX	3 305
Payroll	FY	27 689
Social security costs	FZ	3 501

Depreciation

		31/12/2009
Depreciation of fixed assets	GA	3 487
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	0
Provisions for risks and charges	GD	0

Other charges

		31/12/2009
Other charges	GE	245

Operating charges (III-IV)

		31/12/2009
Share of joint-venture transferred to other partner(s) (Total III)	GH	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0

Financial income (V)

		31/12/2009
Total financial income (Total V)	GP	6 206
Share financial income	GJ	0
Other investment income & capitalised receivables	GK	0
Other interest and similar income	GL	56
Released provisions and transferred charges	GM	0
Exchange gains	GN	6 150
Net income from disposal of investment securities	GO	0

Financial Charge (VI)

		31/12/2009
Total financial charge (Total VI)	GU	2 464
Financial reserves and provisions	GQ	0
Interest and similar charges	GR	538
Exchange losses	GS	1 926
Net loss from disposal of investment securities	GT	0

Extraordinary income (VII)

		31/12/2009
Total extraordinary income (Total VII)	HD	158
Extraordinary operating income	HA	158
Extraordinary income from capital transactions	HB	0
Released provisions and transferred charges	HC	0

Extraordinary charges (VIII)

		31/12/2009
Total extraordinary charges (Total VIII)	HH	20
Extraordinary operating charges	HE	20
Extraordinary charges from capital transactions	HF	0
Extraordinary reserves and provisions	HG	0

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2009
Tax on profits (Total X)	HK	4 672

References

		31/12/2009
Of which equipment leases	HP	0
Of which property leases	HQ	0
Of which transferred charges	A1	0
Of which trader’s own contributions	A2	8 200
Of which royalties on licences and patents (income)	A3	0
Of which royalties on licences and patents (charges)	A4	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

		31/12/2009
Gross value at begin of period	OG	0
Increases due to revaluation	OH	0
Decreases, acquisitions, creations, contributions	OJ	0
Decreases by budget item transfer	OK1	0
Decreases by transfers	OK2	0
Gross value at the end of period	OL	43 982

Research and development Charge (Total I)

		31/12/2009
Gross value at begin of period	CZ	0
Increases due to revaluation	KB	0
Increases, acquisitions, creations, contributions	KC	0
Decreases by budget item transfer	C01	0
Decreases by transfers	C02	0
Gross value at the end of period	D0	0

Other budget item from Intangible fixed assets (Total II)

		31/12/2009
Gross value at begin of period	KD	2 809
Increases due to revaluation	KE	0
Increases, acquisitions, creations, contributions	KF	0
Decreases by budget item transfer	LV1	0
Decreases by transfers	LV2	0
Gross value at the end of period	LW	2 809

Tangible fixed assets (Total III)

		31/12/2009
Gross value at begin of period	LN	1 731
Increases due to revaluation	LO	0
Increases, acquisitions, creations, contributions	LP	35 345
Decreases by budget item transfer	NG1	0
Decreases by transfers	NG2	0
Gross value at the end of period	NH	37 076

Financial assets (Total IV)

		31/12/2009
Gross value at begin of period	LQ	4 097
Increases due to revaluation	LR	0
Increases, acquisitions, creations, contributions	LS	0
Decreases by budget item transfer	NJ1	0
Decreases by transfers	NJ2	0
Gross value at the end of period	NK	4 097

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

			31/12/2009
	Reserve for depreciation value at begin of period	0N	0
Increases		0P	0
Decreases		0Q	0
	Reserve for depreciation value at the end of period	0R	0

Research and development charge (Total I)

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

Other intangible assets (Total II)

			31/12/2009
	Reserve for depreciation value at begin of period	PE	378
Increases		PF	432
Decreases		PG	0
	Decreases by budget item transfer	PH	809

Total fixed assets amortisation (Total III)

			31/12/2009
	Reserve for depreciation value at begin of period	QU	193
Increases		QV	3 055
Decreases		QW	0
	Decreases by budget item transfer	QX	3 249

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

			31/12/2009
	Gross value at begin of period	Z91	0
Increases		Z92	0
Depreciation of fixed assets during period		Z9	0
	Decreases by budget item transfer	B1	0

Premium refund of obligations

			31/12/2009
	Net value at beginning of period	SP1	0
Increases		SP2	0
Depreciation of fixed assets during period		SP	0
	Net value at the end of period	SR	0

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

			31/12/2009
	Value at beginning of period	7C	1 705
Increases		UB	0
Decreases		UC	1 346
	Value at the end of period	UD	359

Includes Total allocations

Operating	UE	0
Financial	UG	0
Exceptional	UJ	0

Includes Total Withdrawal

Operating	UF	1 346
Financial	UH	0
Exceptional	UK	0

Total regulated provisions (Total I)

			31/12/2009
	Value at beginning of period	3Z	0
Increases		TS	0
Decreases		TT	0
	Value at the end of period	TU	0

Total risk and charge provisions (Total II)

			31/12/2009
	Value at beginning of period	5Z	1 346
Increases		TV	0
Decreases		TW	1 346
	Value at the end of period	TX	0

Total Provision for depreciation (Total III)

			31/12/2009
	Value at beginning of period	7B	359
Increases		TY	0
Decreases		TZ	0
	Value at the end of period	UA	359

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

		31/12/2009
Gross value	VT	93 339
1 year at most	VU	89 242
More than one year	VV	4 097

State of loans

		31/12/2009
Claims related to holdings (gross)	UL	0
Claims related to shareholdings (1 year at most)	UM	0
Loans (gross)	UP	0
Loans (1 year at most)	UR	0
Other financial assets (gross)	UT	4 097
Other financial assets (1 year at most)	UV	0

Receivables statement of assets

		31/12/2009
Customers doubtful or disputed	VA	359
Other claims customer	UX	81 000
Receivables represent Loaned Securities	UU	0
Provision for depreciation previously established	UQ	0
Personnel and associated accounts	UY	0
Social Security and other social organizations	UZ	0
Income taxes	VM	0
Value added tax	VB	1 324
Other taxes and payments assimilated	VN	0
State and other public - Miscellaneous	VP	562
Group and Associates	VC	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0

Prepaid

		31/12/2009
Prepaid	VS	5 997

State Debt

			31/12/2009
	Total debt (gross)	VY	273 081
1 year at most		VZ2	273 081
More than 1 year and 5 years at most		VZ3	0
More than 5 years		VZ4	0

Details

			31/12/2009
	Convertible bonds (gross)	7Y1	0
1 year at most		7Y2	0
More than 1 year and 5 years at most		7Y3	0
	Other bonds (gross)	7Z1	0
1 year at most		7Z2	0
More than 1 year and 5 years at most		7Z3	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0
1 year at most		VG2	0
More than 1 year and 5 years at most		VG3	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0
1 year at most		VH2	0
More than 1 year and 5 years at most		VH3	0
	Loans and various financial liabilities (gross)	8A1	0
1 year at most		8A2	0
More than 1 year and 5 years at most		8A3	0
	Suppliers and associated accounts (gross)	8B1	223 827
1 year at most		8B2	223 827
More than 1 year and 5 years at most		8B3	223 827
	Personnel and associated accounts (gross)	8C1	0
1 year at most		8C2	0
More than 1 year and 5 years at most		8C3	0
	Social Security and other social organizations (gross)	8D1	10 744
1 year at most		8D2	10 744
More than 1 year and 5 years at most		8D3	0
	Taxes on profits (gross)	8E1	1 024
1 year at most		8E2	1 024
More than 1 year and 5 years at most		8E3	0
	VAT (gross)	VW1	35 905
1 year at most		VW2	35 905
More than 1 year and 5 years at most		VW3	0
	Backed Obligations (gross)	VX1	0
1 year at most		VX2	0
More than 1 year and 5 years at most		VX3	0
	Other taxes and assimilated (gross)	VQ1	1 364
1 year at most		VQ2	1 364
More than 1 year and 5 years at most		VQ3	0
	Assets and liabilities associated accounts (gross)	8J1	0
1 year at most		8J2	0
More than 1 year and 5 years at most		8J3	0
More than 5 years		8J4	0
	Groups and associates (gross)	VI1	217
1 year at most		VI2	217
More than 1 year and 5 years at most		VI3	0
More 5 years		VI4	0
	Other liabilities (gross)	8K1	0
1 year at most		8K2	0
More than 1 year and 5 years at most		8K3	0
	Debt representative of borrowed securities (gross)	SZ1	0
1 year at most		SZ2	0
More than 1 year and 5 years at most		SZ3	0
	Products in advance (gross)	8L1	0
1 year at most		8L2	0
More than 1 year and 5 years at most		8L3	0

References

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

Table allocation results and other information
Dividends distributed

		31/12/2009
Dividends	ZE	0

Commitments

		31/12/2009
Commitments leasing furniture	YQ	0
Commitments Real Estate Leasing	YR	0
Effects brought to the discount and unmatured	YS	0

Other charges Externes

		31/12/2009
Subcontracting	YT	34 784
Rentals, rental charges and condominiums	XQ	23 782
Staff outside the company	YU	0
Remuneration intermediaries and fees (excluding fees)	SS	17 918
Fees, commissions and brokerage	YV	0
Other accounts	ST	114 957
Total Other purchases and external	ZJ	191 441

Taxes and Fees

		31/12/2009
Business tax	YW	147
Other taxes and payments assimilated	9Z	3 158
Total taxes and fees	YX	3 305

VAT

		31/12/2009
Amount VAT collected	YY	266 502
Total VAT on goods and services	YZ	156 249

Average number of employees

		31/12/2009
Average number of employees	YP	01

Groups and Shareholders

31/12/2009

Groups and Shareholders

ZR

0

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	31/12/2009		31/12/2008	Sector Median 2009
Fixed Asset Financing	1,27	-61,4%	3,29	2,80	-54,6%
Global Debt	148 days	174,1%	54 days	104 days	42,3%
Working Capital Fund overall net	5 days	-58,3%	12 days	60 days	-91,7%
Financial independence	%	-	8282,59%	724,51%	-
More ratios
Solvability	12,17%	-44,9%	22,09%	37,39%	-67,5%
Capacity debt futures	%	-	%	1741,55%	-
Coverage of current assets by net working capital overall	2,57%	-85,8%	18,13%	41,80%	-93,9%
General Liquidity	0,33	-15,4%	0,39	0,82	-59,8%
Restricted Liquidity	0,98	34,2%	0,73	1,17	-16,2%

Management or rotation

	31/12/2009		31/12/2008	Sector Median 2009
Need background in operating working capital	-68 days	-1033,3%	-6 days	28 days	-342,9%
Treasury	71 days	0%	0 days	13 days	446,2%
Inventory turnover of goods	63 days	75,0%	36 days	44 days	43,2%
Average length of credit granted to customers	25 days	212,5%	8 days	63 days	-60,3%
Average length of credit obtained suppliers	81 days	305,0%	20 days	61 days	32,8%
More ratios
Inventory turnover of raw materials in industrial enterprises	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	899 days	-
Rotation tangible assets	2444,95%	-94,4%	43443,15%	1782,63%	37,2%

Profitability of the business

		31/12/2009		31/12/2008	Sector Median 2009
Margin trading		28,52%	-24,6%	37,84%	26,25%	8,6%
Profitability of the business		3,14	32,5%	2,37	3,38%	-7,1%
Net profit		2,81%	13,3%	2,48%	1,81%	55,2%
More ratios
Growth rate of turnover (excluding VAT)		%	-	%	-5,59%	-
Rates integration		6,84%	-37,9%	11,01%	18,71%	-63,4%
Rate leasing furniture		0%	0%	0%	0%	0%
Work Factor		37,09%	-52,7%	78,38%	67,83%	-45,3%
Weight interests		0,27	-62,5%	0,72%	0,28%	-3,6%

Return on capital

	31/12/2009		31/12/2008	Sector Median 2009
Cash flow from the overall profitability	3,04%	9,0%	2,79%	2,61%	16,5%
Rates of economic profitability	55%	-18,3%	67,30%	15,93%	245,3%
Financial profitability	51615%	72250,7%	71,34%	126962%	-59,3%
Return on investment	53,84%	-40,9%	91,05%	11,23%	379,4%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2009		31/12/2008	Sector Median 2009
Turnover	906 490	20,5%	752 001	748 898 €	21,0%

Sales of goods	905 390	24,6%	726 520
- Purchase of goods	715 256	47,1%	486 138
+/- Stock of goods variation	-68 436	-54,8%	-44 210
Trading margin	258 570 €	-9,1%	284 592 €	169 218,50 €	52,8%
	28,52 % CA	-24,6%	37,84 % CA	27,11 % CA	5,2%

Sale of goods produced	1 100	-95,7%	25 481
+/- Stocked production	0	0%	0
+ Self-constructed assets	0	0%	0
Period production	1 100 €	-95,7%	25 481 €	14 231,50 €	-92,3%
	0,12 % CA	-96,5%	3,39 % CA	1,80 % CA	-93,3%

Trading margin	258 570	-9,1%	284 592	169 218,50	52,8%
+ Period Production	1 100	-95,7%	25 481	14 231,50	-92,3%
- Purchase of raw materials	6 250	1279,7%	453
+/- Change in stocks of raw materiels	0	0%	0
- Other external purchases and charges	191 442	-15,6%	226 837
Added value	61 978 €	-25,1%	82 783 €	153 949,50 €	-59,7%
	6,84 % CA	-37,9%	11,01 % CA	18,70 % CA	-63,4%

Added value	61 978 €	-25,1%	82 783 €	153 949,50 €	-59,7%
+ Operating grants	936	0%	0
- Tax, duty and similar payments	3 305	4760,3%	68
- Personal charges	31 190	-51,9%	64 888
Gross operating surplus	28 419 €	59,4%	17 827 €	19 431,50 €	46,3%
	3,14 % CA	32,5%	2,37 % CA	3,38 % CA	-7,1%

Gross operating surplus	28 419 €	59,4%	17 827 €	19 431,50 €	46,3%
+ Release of reserves and provisions	1 346	-	-
+ Other operating income	200	-95,4%	4 342
- Depreciation/Amortisation	3 487	53,2%	2 276
- Other charges	245	716,7%	30
Operating result	26 233 €	32,1%	19 863 €	16 143 €	62,5%
	2,89 % CA	9,5%	2,64 % CA	2,55 % CA	13,3%

Operating result	26 233 €	32,1%	19 863 €	16 143 €	62,5%
+/- Result of joint-venture transferred from/to other partners	0	-	-
+ Financial income	6 206	-22,4%	7 996
- Financial charges	2 464	-54,8%	5 446
Pre-tax result	29 975 €	33,7%	22 413 €	15 305 €	95,9%
	3,31 % CA	11,1%	2,98 % CA	2,36 % CA	40,3%

Extraordinary income	158	0%	0	196,50	-19,6%
- Extraordinary charges	20	-78,3%	92
Extraordinary result	138 €	250,0%	-92 €	0 €	0%
	0,02 % CA	300%	-0,01 % CA	0 % CA	0%

Pre-tax result	29 975 €	33,7%	22 413 €	15 305 €	95,9%
Extraordinary result	138 €	250,0%	-92 €	0 €	0%
- Employee profit sharing	0	-	-
- Tax on profits	4 672	28,0%	3 649
Net result	25 441 €	36,3%	18 672 €	14 211 €	79,0%
	2,81 % CA	13,3%	2,48 % CA	1,82 % CA	54,4%

ADDITIONAL INFORMATION

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d’autres produits intermédiaires (4676Z)
RCS Registration	RCS Paris 0 500 200 225	Share capital	7,500 Euros
Registration Court	Paris (75)	Legal form	Limited Liability Company
Court Registry Number	20 0 7B199	EUR VAT Number	FR17500200225
Incorporation Date	10/2007	Formation Date	10/2007
Deregistration Date		Last account Date	31/12/2009
Nationality	France

Establishment details

Trade name	CELINNI
Activity (APE)	Commerce de gros (commerce interentreprises) d’autres produits intermédiaires (4676Z)	Business Pages FT®
Postal Address	STEINBERG INTERNATIONAL CELINNI 9 RUE BUFFAULT 75009 PARIS 9	Trading Address	9 RUE BUFFAULT 75009 PARIS 9
Telephone	01 48 78 45 54
Fax

Type	Head office	Status	Economically active
Formation Date	01/2010	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Wholesale or intermediary of trade	Activity Location	Office
Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	PARIS 9	Size of urban area

Other establishments

Branches	2 branch entities in this company
Head office	> STEINBERG INTERNATIONAL <<<  - Commerce de gros (commerce interentreprises) d’autres produits intermédiaires (4676Z)  in PARIS 9  (75009)
Secondary establishments	>  STEINBERG INTERNATIONAL  - Commerce de gros (commerce interentreprises) d’autres produits intermédiaires (4676Z)  in PARIS 8  (75008)

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

3 to 5 employees

Company workforce

3 to 5 employees

event history

Status history

Date	Description
01/01/2013	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
18/02/2013	JAL	Head Office Transfer
Parisien (Le) /Edition de Paris Date de décision : 07/02/2013 Transfert du siège social de la société 500200225 -  STEINBERG INTERNATIONAL, CELINNI Adresse du nouveau siège : 9 RUE BUFFAULT, 75009 PARIS Ancienne localisation : 91 RUE DU FAUBOURG SAINT HONORE, 75008 PARIS 8 Date d’effet : 01/01/2013
28/12/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9030 - 500200225 RCS. STEINBERG INTERNATIONAL. Forme : Société à responsabilité limitée. Adresse : 91 R DU FAUBOURG SAINT HONORE 75008 PARIS. Commentaires : Comptes annuels et rapports de l’exercice clos le : 31/12/2009.
28/12/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9029 - 500200225 RCS. STEINBERG INTERNATIONAL. Forme : Société à responsabilité limitée. Adresse : 91 R DU FAUBOURG SAINT HONORE 75008 PARIS. Commentaires : Comptes annuels et rapports de l’exercice clos le : 31/12/2008.
24/10/2007	Bodacc A	Création d’établissement
768 - RCS Paris B 500 200 225. RC 07-B 19949. STEINBERG INTERNATIONAL. Forme : S.A.R.L. Capital : 7 500 euros. Adresse du siège social : 91 rue du Faubourg-Saint-Honoré, 75008 Paris. Administration : gérant : SUSSMAN (David). Etablissement principal - Nom commercial : Célinni. Activité : négoce de diamants et de pierres précieuses. Adresse : 91 rue du Faubourg-Saint-Honoré, 75008 Paris. Cette société se constitue . Date de début d’activité : 1er octobre 2007.

Company events history

Date	Description
22/02/2013	Registered office transferred inside jurisdiction of the Commercial Court
22/02/2013	New legal form – new category
22/02/2013	Updated articles of association
22/02/2013	Minutes of general meeting of shareholders
22/02/2013	Private document
22/02/2013	Sale of shares
18/02/2013	Legal Gazette: Head Office Transfer
01/01/2013	Transfer of Establishment
01/01/2013	Update of Company Head Office Identifier
01/01/2013	Update of Company Workforce
03/07/2012	Modification to Company Identifier
03/07/2012	Update of Company Legal Form
28/12/2010	Bodacc C : Deposit accounts notice
28/09/2010	Private document
28/09/2010	Sale of shares
01/01/2010	Formation of Establishment
31/12/2009	New accounts available
31/12/2008	New accounts available
02/10/2007	Company formation
02/10/2007	Statuts
02/10/2007	Articles of association
02/10/2007	Private document

Establishment events history

Date	Description
27/02/2013	Update Limit
27/02/2013	Update Rating
01/01/2013	Modification of Head office (after transfer)
23/09/2011	Update of phone numbers
30/11/2010	Update of phone numbers
26/10/2010	Update of phone numbers
01/01/2010	Formation of Establishment

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.16
UK Pound	1	Rs.83.88
Euro	1	Rs.70.99

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.