MIRA INFORM REPORT

Report Date :

09.05.2013

IDENTIFICATION DETAILS

Name :	TEQUILA SOLO
Registered Office :	20 Rue De Turbigo, 75002 Paris 2
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	April 1991
Com. Reg. No.:	RCS Paris 9 381 630 128
Legal Form :	Limited Liability Company
Line of Business :	Wholesaler of Clothing and shoes
No. of Employees :	07

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – March 31^st 2013

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

TEQUILA SOLO

SIRET

381 630 128 00035

company summary

EUR VAT Number	FR75381630128
Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) (Wholesale (intercompany trade) Clothing and shoes (4642Z))	Legal form	Limited Liability Company
Phone	01 53 40 93 33	RCS Registration	RCS Paris 9 381 630 128
Fax	01 45 08 85 22
Address	TEQUILA SOLO 20 RUE DE TURBIGO 75002 PARIS 2	Incorporated Date	04/1991
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Current Directors

1

Directors

Name	M. BOUAZIZ ERIC DIDIER
Manager position	Gérant	Date of birth	30/06/1966
Place of birth	CASABLANCA - MAROC
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Gérant	M ERIC BOUAZIZ	30/06/1966 - CASABLANCA MAROC

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

150,000 Euros

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

Company Name	SIREN	Parts	Last account published
SOC CIVILE FINANCIERE J.D OKAI	413978982	-	-
ID VALEURS	482064771	66%	31/12/2009
ID GROUP	955501259	84.96%	31/12/2011
OXYBUL EVEIL & JEUX	410267199	99%	31/12/2011
JACADI	441875473	100%	31/12/2011
MORALEJACADI S.L	-	100%	-
ETABLES LOGISTIQUE	490301710	100%	31/12/2010
OKAIDI	398110445	97.16%	31/12/2011
ID LOG	487868689	Min blocking	31/12/2011
ID SERVICE	501729024	Min blocking	31/12/2011
OKAIDI SPAIN	799752	100%	31/12/2011
OKAÏDI UK	-	100%	-
ID BAT	501234876	100%	31/12/2011

Linkages

No linked companies

FINANCIAL INFORMATION

Trading to Date	12/31/2011	12/31/2010	12/31/2009
Turnover	2,219,357 €	2,535,997 €	2,418,221 €
Gross Operating Surplus	4,91 % Turnover	1,74 % Turnover	10,82 % Turnover
Shareholders’ equity	530,507 €	436,158 €	543,154 €
Net result	94,349 €	12,004 €	132,739 €

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	18/10/2012	15/09/2011	21/08/2010
Activity Code	4642Z	4642Z	4642Z
Employees	7	8	7

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	447 250	19,7%	373 640	-2,8%	384 589	41 635	974,2%
- Intangible assets	184 128	-0,9%	185 738	1,6%	182 829	5 626	3172,8%
- Tangible assets	238 991	45,8%	163 902	5,1%	155 968	5 178	4515,5%
- Financial assets	24 131	0,5%	24 000	-47,6%	45 792	5 596	331,2%
Net current assets	1 280 300	37,5%	930 848	-0,2%	932 826	211 110	506,5%
- Stocks	514 780	32,4%	388 696	-22,2%	499 499	52 329	883,7%
- Advanced payments	13 096	37,5%	21 010	0%	0	0	0%
- Receivables	703 894	48,3%	474 570	18,5%	400 531	61 395	1046,5%
- Securities and cash	48 530	4,2%	46 572	42,0%	32 796	31 931	52,0%
- Prepaid expenses	-	-	-	-	-	65	-
Accounts of regularization	8 828	794,4%	987	0%	0	0	0%
Total Assets	1 736 377	33,0%	1 305 475	-0,9%	1 317 415	293 185	492,2%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Shareholders' equity	530 507	21,6%	436 158	-19,7%	543 154	59 079	798,0%
Share capital	150 000	0%	150 000	0%	150 000	8 000	1775,0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1 205 845	38,7%	869 317	12,3%	774 261	198 860	506,4%
- Financial liabilities	471 754	5,3%	447 982	-14,8%	525 619	16 545	2751,3%
- Advanced payments received	59 920	132,3%	25 797	0%	0	0	0%
- Trade account payables	605 912	93,0%	313 945	82,2%	172 355	67 130	802,6%
- Tax and social liabilities	68 257	-16,3%	81 593	7,0%	76 288	46 648,50	46,3%
- Other debts and fixed assets liabilities	25	0%	0	0%	0	8 256	-99,7%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	1 736 377	33,0%	1 305 475	-0,9%	1 317 415	293 155	492,3%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Sales of Goods	2 231 712	-14,1%	2 596 750	7,0%	2 426 516	437 834	409,7%
Net turnover	2 219 357	-12,5%	2 535 997	4,9%	2 418 221	430 930	415,0%
- of which net export turnover	719 521	-14,1%	837 778	78,6%	469 138	2 471	29018,6%
Operating charges	2 158 365	-15,0%	2 538 064	13,6%	2 233 604	439 755	390,8%
Operating profit/loss	73 347	25,0%	58 686	-69,6%	192 912	7 556	870,7%
Financial income	10 952	-58,1%	26 159	-39,5%	43 238	0	0%
Financial charges	64 439	-6,7%	69 046	-3,7%	71 675	704	9053,3%
Financial profit/loss	-53 487	-24,7%	-42 887	-50,8%	-28 437	-71	-75233,8%
Pretax net operating income	19 860	25,7%	15 799	-90,4%	164 475	6 456	207,6%
Extraordinary income	6 174	0%	0	0%	50	0	0%
Extraordinary charges	2 887	-23,9%	3 795	-88,1%	31 787	180	1503,9%
Extraordinary profit/loss	3 287	186,6%	-3 795	88,0%	-31 737	0	0%
Net result	94 349	686,0%	12 004	-91,0%	132 739	6 481	1355,8%

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	1 736 377	33,0%	1 305 475	-0,9%	1 317 415
Gross	CO	1 882 122	33,0%	1 415 603	-2,6%	1 453 843
Amortisation	1A	145 745	32,3%	110 128	-19,3%	136 428

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	447 250	19,7%	373 640	-2,8%	384 589
Gross	BJ	583 958	23,0%	474 731	0,0%	474 514
Amortisation	BK	136 708	35,2%	101 091	12,4%	89 925

Intangible 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	3 500	0%	3 500	0%	0
	Gross	AF	3 500	0%	3 500	0%	0
	Amortisation	AG	0	0%	0	0%	0
	Goodwill	Net	180 000	0%	180 000	0%	180 000
	Gross	AH	180 000	0%	180 000	0%	180 000
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	628	-71,9%	2 238	-20,9%	2 829
	Gross	AJ	10 650	0%	10 650	10,9%	9 600
	Amortisation	AK	10 022	19,1%	8 412	24,2%	6 771
	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	184 128	-0,9%	185 738	1,6%	182 829

Tangible fixed assets

		31/12/2011		31/12/2010		31/12/2009
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	10 744	29,8%	8 278	265,6%	2 264
Gross	AR	20 152	36,9%	14 717	118,1%	6 749
Amortisation	AS	9 408	46,1%	6 439	43,6%	4 485
Other tangible fixed assets	Net	228 247	46,7%	155 624	1,2%	153 704
Gross	AT	345 525	42,9%	241 864	4,1%	232 373
Amortisation	AU	117 278	36,0%	86 240	9,6%	78 669
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	238 991		163 902		155 968

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	3 000	0%	3 000	0%	3 000
Gross	CU	3 000	0%	3 000	0%	3 000
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	1 000	0%	1 000	0%	1 000
Gross	BD	1 000	0%	1 000	0%	1 000
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	20 131	0,7%	20 000	-52,1%	41 792
Gross	BH	20 131	0,7%	20 000	-52,1%	41 792
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		24 131		24 000		45 792

Current Assets (III)

		31/12/2011		31/12/2010		31/12/2009
Total Assets	Net	1 280 300	37,5%	930 848	-0,2%	932 826
Gross	CJ	1 289 337	37,2%	939 885	-4,0%	979 329
Amortisation	CK	9 037	0%	9 037	-80,6%	46 503

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	514 780	32,4%	388 696	-22,2%	499 499
Gross	BT	514 780	32,4%	388 696	-22,2%	499 499
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	514 780	32,4%	388 696	-22,2%	499 499

Advance payments to suppliers

		31/12/2011		31/12/2010		31/12/2009
Advance payments to suppliers	Net	13 096	-37,7%	21 010	0%	0
Gross	BV	13 096	-37,7%	21 010	0%	0
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2011		31/12/2010		31/12/2009
Trade accounts receivable	Net	259 105	3,0%	251 496	-12,0%	285 653
Gross	BX	268 142	2,9%	260 533	-21,6%	332 156
Amortisation	BY	9 037	0%	9 037	-80,6%	46 503
Other debtors	Net	134 346	49,4%	89 928	1,7%	88 393
Gross	BZ	134 346	49,4%	89 928	1,7%	88 393
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	393 451	15,2%	341 424	-8,7%	374 046

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	48 530	4,2%	46 572	42,0%	32 796
Gross	CF	48 530	4,2%	46 572	42,0%	32 796
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	48 530	4,2%	46 572	42,0%	32 796

Prepaid expenses

		31/12/2011		31/12/2010		31/12/2009
Prepaid expenses	Net	310 443	133,2%	133 146	402,7%	26 485
Gross	CH	310 443	133,2%	133 146	402,7%	26 485
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

8 828

794,4%

987

0%

0

Gross

8 828

794,4%

987

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	41 698	0%	41 698	-25,0%	55 618

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	1 736 377	33,0%	1 305 475	-0,9%	1 317 415

Shareholder Equity (I)

		31/12/2011		31/12/2010		31/12/2009
Total shareholders' equity (Total I)	DL	530 507	21,6%	436 158	-19,7%	543 154
Equity and shareholders' equity	DA	150 000	0%	150 000	0%	150 000
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	11 272	5,6%	10 671	0%	10 671
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	274 886	4,3%	263 483	5,5%	249 744
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	94 349	686,0%	12 004	-91,0%	132 739
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	1 205 845	38,7%	869 317	12,3%	774 261
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	471 442	5,4%	447 170	-14,9%	525 619
Sundry loans and financial liabilities	DV	312	-61,6%	812	0%	0
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	59 920	132,3%	25 797	0%	0
Trade accounts payables	DX	605 912	93,0%	313 945	82,2%	172 355
Tax and social security liabilities	DY	68 257	-16,3%	81 593	7,0%	76 288
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	0	0%	0	0%	0

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2009
Translation loss (Total V)	ED	25	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	1 199 114	55,7%	770 334	28,2%	600 744
Of which current bank facilities	EH	373 631	36,2%	274 364	-2,4%	281 217

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	73 347	25,0%	58 686	-69,6%	192 912

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	-53 487	-24,7%	-42 887	-50,8%	-28 437

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	19 860	25,7%	15 799	-90,4%	164 475

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	3 287	186,6%	-3 795	88,0%	-31 737

Profit or loss

		31/12/2011		31/12/2010		31/12/2009
Profit or loss	HN	94 349	686,0%	12 004	-91,0%	132 739

Total Income (I+III+V+VII)

		31/12/2011		31/12/2010		31/12/2009
Total Income (I+III+V+VII)	HL	2 248 838	-14,3%	2 622 909	6,2%	2 469 804

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	2 154 489	-17,5%	2 610 905	11,7%	2 337 066

Operating income (I)

		31/12/2011		31/12/2010		31/12/2009
Total operating income (Total I)	FR	2 231 712	-14,1%	2 596 750	7,0%	2 426 516

Operating income (details)

		31/12/2011		31/12/2010		31/12/2009
Sale of goods for resale	FC	2 215 304	-12,5%	2 532 720	4,8%	2 416 139
France	FA	1 496 036	-11,8%	1 696 950	-12,8%	1 947 001
Export	FB	719 268	-13,9%	835 770	78,2%	469 138
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	4 053	23,7%	3 277	57,4%	2 082
France	FG	3 800	199,4%	1 269	-39,0%	2 082
Export	FH	253	-87,4%	2 008	0%	0
Net turnover	FL	2 219 357	-12,5%	2 535 997	4,9%	2 418 221
France	FJ	1 499 836	-11,7%	1 698 219	-12,9%	1 949 083
Export	FK	719 521	-14,1%	837 778	78,6%	469 138
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	3 316	-56,7%	7 650	355,4%	1 680
Release of reserves and provisions	FP	9 037	-82,0%	50 228	0%	0
Other income	FQ	02	-99,9%	2 875	-56,5%	6 615

Operating charges (II)

		31/12/2011		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	2 158 365	-15,0%	2 538 064	13,6%	2 233 604

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
Purchase of goods for resale	FS	1 177 615	-10,7%	1 318 753	-11,1%	1 484 039
Change in stocks of goods for resale	FT	-126 084	-213,8%	110 803	173,9%	-149 925
Purchase of raw materials	FU	30 097	-64,0%	83 496	118,1%	38 281
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	568 011	9,3%	519 464	29,8%	400 348
Tax, duty and similar payments	FX	101 784	-19,1%	125 888	958,1%	11 898
Payroll	FY	221 052	-3,1%	228 076	-10,0%	253 326
Social security costs	FZ	141 184	24,8%	113 083	-5,9%	120 207

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	35 617	139,2%	14 891	-43,0%	26 116
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	9 037	0%	9 037	-80,6%	46 503
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	52	-99,6%	14 573	418,4%	2 811

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	10 952	-58,1%	26 159	-39,5%	43 238
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	0	0%	0	0%	0
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	10 952	-58,1%	26 159	-39,5%	43 238
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	64 439	-6,7%	69 046	-3,7%	71 675
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	63 845	2,0%	62 618	-4,3%	65 438
Exchange losses	GS	594	-90,8%	6 428	3,1%	6 237
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	6 174	0%	0	0%	50
Extraordinary operating income	HA	6 174	0%	0	0%	50
Extraordinary income from capital transactions	HB	0	0%	0	0%	0
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		31/12/2011		31/12/2010		31/12/2009
Total extraordinary charges (Total VIII)	HH	2 887	-23,9%	3 795	-88,1%	31 787
Extraordinary operating charges	HE	2 887	-23,9%	3 795	-88,1%	31 787
Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2011		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	-71 202	0%	0	0%	0

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%	39 342	-38,2%	63 616
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%	1 896	1077,6%	161

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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
Increases due to revaluation	OH	0	0%	0	0%	0
Decreases, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreases by budget item transfer	OK1	0	0%	0	0%	0
Decreases by transfers	OK2	0	0%	21 792	0%	0
Gross value at the end of period	OL	583 956	23,0%	474 731	0,0%	474 514

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
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)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	KD	194 150	2,4%	189 600	0%	189 600
Increases due to revaluation	KE	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KF	0	0%	4 550	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	194 150	0%	194 150	2,4%	189 600

Tangible fixed assets (Total III)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LN	256 582	7,3%	239 123	84,3%	129 741
Increases due to revaluation	LO	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LP	109 094	524,9%	17 459	-84,0%	109 383
Decreases by budget item transfer	NG1	0	0%	0	0%	0
Decreases by transfers	NG2	0	0%	0	0%	0
Gross value at the end of period	NH	365 675	42,5%	256 582	7,3%	239 124

Financial assets (Total IV)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LQ	24 000	-47,6%	45 792	100,9%	22 792
Increases due to revaluation	LR	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LS	131	0%	0	0%	23 000
Decreases by budget item transfer	NJ1	0	0%	0	0%	0
Decreases by transfers	NJ2	0	0%	21 792	0%	0
Gross value at the end of period	NK	24 131	0,5%	24 000	-47,6%	45 792

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
Decreases		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2011		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
Decreases		PC	0	0%	0	0%	0
	Decreases 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	8 412	24,2%	6 771	39,6%	4 851
Increases		PF	1 610	-1,9%	1 641	-14,5%	1 920
Decreases		PG	0	0%	0	0%	0
	Decreases by budget item transfer	PH	10 022	19,1%	8 412	24,2%	6 771

Total fixed assets amortisation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	QU	92 679	11,5%	83 153	41,0%	58 958
Increases		QV	34 007	156,6%	13 251	-45,2%	24 196
Decreases		QW	0	0%	3 725	0%	0
	Decreases by budget item transfer	QX	126 686	36,7%	92 679	11,5%	83 154

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
	Decreases 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 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)

			31/12/2011		31/12/2010		31/12/2009
	Value at beginning of period	7C	9 037	-80,6%	46 503	0%	0
Increases		UB	9 037	0%	9 037	-80,6%	46 503
Decreases		UC	9 037	-80,6%	46 503	0%	0
	Value at the end of period	UD	9 037	0%	9 037	-80,6%	46 503

Includes Total allocations

Operating	UE	9 037	0%	9 037	-80,6%	46 503
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	9 037	-80,6%	46 503	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 beginning of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

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

Total Provision for depreciation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Value at beginning of period	7B	9 037	-80,6%	46 503	0%	0
Increases		TY	9 037	0%	9 037	-80,6%	46 503
Decreases		TZ	9 037	-80,6%	46 503	0%	0
	Value at the end of period	UA	9 037	0%	9 037	-80,6%	46 503

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

		31/12/2011		31/12/2010		31/12/2009
Gross value	VT	746 158	42,2%	524 617	7,3%	488 825
1 year at most	VU	684 328	47,8%	462 919	18,3%	391 415
More than one year	VV	61 830	0,2%	61 698	-36,7%	97 410

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%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	20 131	0,7%	20 000	-52,1%	41 792
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	41 698	0%	41 698	-25,0%	55 618
Other claims customer	UX	226 443	3,5%	218 835	-20,9%	276 538
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	111	0%	0	0%	7 155
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	71 202	0%	0	0%	0
Value added tax	VB	8 017	-85,9%	56 912	1666,4%	3 222
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	23 016	-30,3%	33 016	-57,7%	78 016
Accounts receivable (including claims relating to the operation of pension titles)	VR	45 096	114,6%	21 010	0%	0

Prepaid

		31/12/2011		31/12/2010		31/12/2009
Prepaid	VS	310 443	133,2%	133 146	402,7%	26 485

State Debt

			31/12/2011		31/12/2010		31/12/2009
	Total debt (gross)	VY	1 205 845	38,7%	869 317	12,3%	774 261
1 year at most		VZ2	1 199 115	55,7%	770 334	28,2%	600 743
More than 1 year and 5 years at most		VZ3	6 730	-93,2%	98 983	-43,0%	173 518
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%	274 364	0%	0
1 year at most		VG2	0	0%	274 364	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	471 442	172,8%	172 806	-67,1%	525 619
1 year at most		VH2	464 712	529,5%	73 823	-79,0%	352 101
More than 1 year and 5 years at most		VH3	6 730	-93,2%	98 983	-43,0%	173 518
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	605 912	93,0%	313 945	82,2%	172 355
1 year at most		8B2	605 912	93,0%	313 945	82,2%	172 355
More than 1 year and 5 years at most		8B3	605 912	93,0%	313 945	82,2%	172 355
	Personnel and associated accounts (gross)	8C1	23 468	17,2%	20 022	-4,5%	20 967
1 year at most		8C2	23 468	17,2%	20 022	-4,5%	20 967
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	38 357	-18,0%	46 770	-6,3%	49 902
1 year at most		8D2	38 357	-18,0%	46 770	-6,3%	49 902
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	52	-98,2%	2 837	2049,2%	132
1 year at most		VW2	52	-98,2%	2 837	2049,2%	132
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	6 380	-46,7%	11 964	126,3%	5 286
1 year at most		VQ2	6 380	-46,7%	11 964	126,3%	5 286
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	312	-61,6%	812	0%	0
1 year at most		VI2	312	-61,6%	812	0%	0
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	59 920	132,3%	25 797	0%	0
1 year at most		8K2	59 920	132,3%	25 797	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%	43 000	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	2 235	-93,1%	32 314	473,0%	5 639
Rentals, rental charges and condominiums	XQ	91 478	-19,6%	113 713	165,5%	42 824
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	122 018	83,7%	66 424	42,3%	46 683
Fees, commissions and brokerage	YV	13 077	11,0%	11 785	27,4%	9 254
Other accounts	ST	339 203	14,9%	295 228	-0,2%	295 948
Total Other purchases and external	ZJ	568 011	351,2%	519 464	29,8%	400 348

Taxes and Fees

		31/12/2011		31/12/2010		31/12/2009
Business tax	YW	-579	-121,1%	2 740	275,9%	729
Other taxes and payments assimilated	9Z	102 363	-16,9%	123 148	1002,6%	11 169
Total taxes and fees	YX	101 784	-19,1%	125 888	958,1%	11 898

VAT

		31/12/2011		31/12/2010		31/12/2009
Amount VAT collected	YY	288 814	-13,2%	332 851	-5,4%	351 924
Total VAT on goods and services	YZ	349 779	-4,0%	364 451	1,3%	359 913

Average number of employees

		31/12/2011		31/12/2010		31/12/2009
Average number of employees	YP	07	-12,5%	08	14,3%	07

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	1,31	-12,7%	1,50	-18,9%	1,85	1,89	-30,7%
Global Debt	196 days	59,3%	123 days	7,0%	115 days	144 days	36,1%
Working Capital Fund overall net	29 days	-14,7%	34 days	-43,3%	60 days	45 days	-35,6%
Financial independence	112,53%	15,4%	97,54%	-5,6%	103,34%	357,91%	-68,6%
More ratios
Solvability	30,55%	-8,6%	33,41%	-19,0%	41,23%	26,28%	16,2%
Capacity debt futures	114,16%	-8,9%	125,27%	-18,8%	154,26%	812,02%	-85,9%
Coverage of current assets by net working capital overall	18,53%	-36,7%	29,27%	-30,8%	42,29%	32,39%	-42,8%
General Liquidity	0,57	-5,0%	0,60	-7,7%	0,65	0,39	46,2%
Restricted Liquidity	0,61	-7,6%	0,66	-7,0%	0,71	0,71	-14,1%

Management or rotation

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Need background in operating working capital	30 days	-36,2%	47 days	-49,5%	93 days	8 days	275,0%
Treasury	-53 days	-65,6%	-32 days	13,5%	-37 days	6 days	-983,3%
Inventory turnover of goods	176 days	79,6%	98 days	-27,4%	135 days	92 days	91,3%
Average length of credit granted to customers	38 days	15,2%	33 days	-23,3%	43 days	29 days	31,0%
Average length of credit obtained suppliers	109 days	131,9%	47 days	62,1%	29 days	61 days	78,7%
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	2011 days	-
Rotation tangible assets	606,92%	-38,6%	988,38%	-2,3%	1011,28%	2085,15%	-70,9%

Profitability of the business

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Margin trading	52,44%	20,6%	43,50%	-2,8%	44,74	31,79%	65,0%
Profitability of the business	4,91	182,2%	1,74	-83,9%	10,82	2,77%	77,3%
Net profit	4,25%	804,3%	0,47%	-91,4%	5,49%	1,57%	170,7%
More ratios
Growth rate of turnover (excluding VAT)	-12,49%	-356,5%	4,87%	144,2%	-11,03%	0%	0%
Rates integration	25,67%	29,3%	19,85%	-25,6%	26,69%	18,50%	38,8%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	63,58%	6,1%	59,95%	24,9%	48,01%	69,55%	-8,6%
Weight interests	2,90	6,6%	2,72%	-8,1%	2,96%	0,21%	1281,0%

Return on capital

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Cash flow from the overall profitability	5,45%	807,8%	-0,77%	-111,7%	6,57%	2,03%	168,5%
Rates of economic profitability	11%	120,0%	5%	-79,2%	24%	13%	-15,4%
Financial profitability	530507%	21,6%	436158%	-19,7%	543154%	28715%	1747,5%
Return on investment	15,84%	72,7%	9,17%	-52,1%	19,13%	10,38%	52,6%

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	2 219 357	-12,5%	2 535 997	4,9%	2 418 221	430 930 €	415,0%

Sales of goods	2 215 304	-12,5%	2 532 720	4,8%	2 416 139
- Purchase of goods	1 177 615	-10,7%	1 318 753	-11,1%	1 484 039
+/- Stock of goods variation	-126 084	-213,8%	110 803	173,9%	-149 925
Trading margin	1 163 773 €	5,5%	1 103 164 €	2,0%	1 082 025 €	113 133 €	928,7%
	52,44 % CA	20,6%	43,50 % CA	-2,8%	44,74 % CA	32,77 % CA	60,0%

Sale of goods produced	4 053	23,7%	3 277	57,4%	2 082
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	4 053 €	23,7%	3 277 €	57,4%	2 082 €	1 930 €	110,0%
	0,18 % CA	38,5%	0,13 % CA	44,4%	0,09 % CA	1,05 % CA	-82,9%

Trading margin	1 163 773	5,5%	1 103 164	2,0%	1 082 025	113 133	928,7%
+ Period Production	4 053	23,7%	3 277	57,4%	2 082	1 930	110,0%
- Purchase of raw materials	30 097	-64,0%	83 496	118,1%	38 281
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	568 011	9,3%	519 464	29,8%	400 348
Added value	569 718 €	13,2%	503 481 €	-22,0%	645 478 €	87 447 €	551,5%
	25,67 % CA	29,3%	19,85 % CA	-25,6%	26,69 % CA	18,50 % CA	38,8%

Added value	569 718 €	13,2%	503 481 €	-22,0%	645 478 €	87 447 €	551,5%
+ Operating grants	3 316	-56,7%	7 650	355,4%	1 680
- Tax, duty and similar payments	101 784	-19,1%	125 888	958,1%	11 898
- Personal charges	362 236	6,2%	341 159	-8,7%	373 533
Gross operating surplus	109 014 €	147,3%	44 084 €	-83,2%	261 727 €	9 967 €	993,7%
	4,91 % CA	182,2%	1,74 % CA	-83,9%	10,82 % CA	2,77 % CA	77,3%

Gross operating surplus	109 014 €	147,3%	44 084 €	-83,2%	261 727 €	9 967 €	993,7%
+ Release of reserves and provisions	9 037	-82,0%	50 228	0%	0
+ Other operating income	02	-99,9%	2 875	-56,5%	6 615
- Depreciation/Amortisation	44 654	86,6%	23 928	-67,0%	72 619
- Other charges	52	-99,6%	14 573	418,4%	2 811
Operating result	73 347 €	25,0%	58 686 €	-69,6%	192 912 €	7 554 €	871,0%
	3,30 % CA	42,9%	2,31 % CA	-71,1%	7,98 % CA	2,08 % CA	58,7%

Operating result	73 347 €	25,0%	58 686 €	-69,6%	192 912 €	7 554 €	871,0%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	10 952	-58,1%	26 159	-39,5%	43 238
- Financial charges	64 439	-6,7%	69 046	-3,7%	71 675
Pre-tax result	19 860 €	25,7%	15 799 €	-90,4%	164 475 €	6 456 €	207,6%
	0,89 % CA	43,5%	0,62 % CA	-90,9%	6,80 % CA	1,70 % CA	-47,6%

Extraordinary income	6 174	0%	0	0%	50	0	0%
- Extraordinary charges	2 887	-23,9%	3 795	-88,1%	31 787
Extraordinary result	3 287 €	186,6%	-3 795 €	88,0%	-31 737 €	0 €	0%
	0,15 % CA	200%	-0,15 % CA	88,5%	-1 % CA	0 % CA	0%

Pre-tax result	19 860 €	25,7%	15 799 €	-90,4%	164 475 €	6 456 €	207,6%
Extraordinary result	3 287 €	186,6%	-3 795 €	88,0%	-31 737 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	-71 202	0%	0	0%	0
Net result	94 349 €	686,0%	12 004 €	-91,0%	132 738 €	6 471 €	1358,0%
	4,25 % CA	804,3%	0,47 % CA	-91,4%	5,49 % CA	1,57 % CA	170,7%

ADDITIONAL INFORMATION

Company details

	Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)
	RCS Registration	RCS Paris 9 381 630 128	Share capital	150,000 Euros
	Registration Court	Paris (75)	Legal form	Limited Liability Company
	Court Registry Number	19 9 1B061	EUR VAT Number	FR75381630128
	Incorporation Date	04/1991	Formation Date	03/1991
	Deregistration Date		Last account Date	31/12/2011
	Nationality	France
Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)	Business Pages FT®
Postal Address	TEQUILA SOLO 20 RUE DE TURBIGO 75002 PARIS 2	Trading Address	20 RUE DE TURBIGO 75002 PARIS 2
Telephone	01 53 40 93 33
Fax	01 45 08 85 22

Type	Head office	Status	Economically active
Formation Date	07/1993	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date	07/2007	Production Role
Activity Nature		Activity Location
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	1 branch entities in this company
Head office	> TEQUILA SOLO <<<  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in PARIS 2  (75002)
Secondary establishments	>  TEQUILA SOLO  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in PARIS 2  (75002)

	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
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
15/11/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 909 - 381 630 128 RCS Paris. SARL TEQUILA SOLO. Forme : Société à responsabilité limitée. Capital : 150000 EUR. Activité : Achat vente importation exportation en gros et au détail de prêt a porter hommes femmes et enfants. Adresse de l’établissement principal : 20 rue de Turbigo, 75002 Paris. Adresse du siège social : 20 rue de Turbigo, 75002 Paris. Commentaires : modification survenue sur l'activité de l'établissement principal.
05/09/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7997 - 381630128 RCS. SARL TEQUILA SOLO. Forme : Société à responsabilité limitée. Adresse : 20 rue de Turbigo 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
24/10/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8151 - 381630128 RCS. SARL TEQUILA SOLO. Forme : Société à responsabilité limitée. Adresse : 20 rue de Turbigo 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
23/09/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 2894 - 381630128 RCS. SARL TEQUILA SOLO. Forme : Société à responsabilité limitée. Adresse : 20 R DE TURBIGO 75002 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
19/05/2010	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 177 - 381 630 128 RCS Paris. SARL TEQUILA SOLO. Forme : Société à responsabilité limitée. Capital : 150000 EUR. Adresse du siège social : 20 rue de Turbigo, 75002 Paris. Commentaires : modification survenue sur le capital (augmentation).
23/03/2010	JAL	Modification of the share capital
LES PETITES AFFICHES Date de décision : 31/12/2009 La société : 381630128 - TEQUILA SOLO, 20 RUE DE TURBIGO, 75002 PARIS 2 a subi une augmentation de son capital social désormais de 150 000 €
10/09/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 3049 - 381630128 RCS. SARL TEQUILA SOLO. Forme : Société à responsabilité limitée. Adresse : 20 rue de Turbigo 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
11/09/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5819 - 381630128 RCS. SARL TEQUILA SOLO. Forme : Société à responsabilité limitée. Adresse : 20 rue de Turbigo 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
06/12/2007	Bodacc C	Avis de dépôt des comptes
2525 - 381 630 128. RCS PARIS SARL TEQUILA SOLO. Forme: Société à responsabilité limitée. Adresse du siège social: 39 rue du Caire 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
28/10/2007	Bodacc B	Modifications et mutations diverses
2167 - RCS Paris B 381 630 128. RC 91-B 6106. S.A.R.L. TEQUILA SOLO. Forme : S.A.R.L. Capital : 106 000 euros. Adresse du siège social : 20 rue de Turbigo,, 75002 Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal. Etablissement principal - Adresse : 39 rue du Caire, 75002
29/10/2006	Bodacc C	Avis de dépôt des comptes
4774 - RCS Paris B 381 630 128. RC 91-B 6106. SARL TEQUILA SOLO. Forme: S.A.R.L.. Adresse du siège social: 39, R du Caire,Paris, 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
07/10/2005	Bodacc C	Avis de dépôt des comptes
1383 - RCS Paris B 381 630 128. RC 91-B 6106. SARL TEQUILA SOLO. Forme: S.A.R.L.. Adresse du siège social: 39, R du Caire,Paris, 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
01/04/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 381630128 RC 91-B 6106 S.A. R.L. TEQUILA SOLO. Forme : S.A.R.L. Capital : 106 000 euros. Commentaires : modification survenue sur le capital ( augmentation).
11/07/2000	Bodacc B	Modifications et mutations diverses
RCS B 381 630 128 RC 91-B 06106 S.A.R.L. TEQUILA SOLO. Forme : S.A.R.L. Capital : 600 000 F. Activité : achat, vente, négoce, import, export, pret-à-porter hommes, femmes. Adresse du siège social : 39 rue du Caire, 75002 Paris. Commentaires : l'ancien secondaire devient la nouvelle adresse du siège social modification survenue sur la date de début d'activité. Date d'effet : 31 mai 2000 Date de début d'activité: 25 mars 1991.
25/06/2000	Bodacc A	Vente et cession
RCS non encore inscrit. T.S. DIFFUSION. Forme : S.A.R.L. Capital : 100 000 F. Adresse du siège social : 2 rue Piron, 21000 Dijon Etablissement principal: Activité : vente au détail de tous textiles, bonneterie et tous articles se rapportant à l'habillement. Adresse : 20 rue de Turbigo, 75002 Paris Etablissement principal acquis par cession au prix stipulé de 300 000 F. Date d'effet : 1 e r avril 2000. Précédent propriétaire : S.A.R.L. TEQUILA SOLO. RCS B 381630128 Publication légale: Les Affiches parisiennes du 22 mai 2000. Oppositions : au fonds.
04/06/2000	Bodacc B	Modifications et mutations diverses
RCS Paris B 381630128 RC 91-B 6106 S.A. R.L. TEQUILA SOLO. Forme : S.A.R.L. Capital : 600 000 F. Commentaires : modification survenue sur le capital ( augmentation).
11/12/1998	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 381 630 128 RC RC 91- B 6106 S.A.R.L. TEQUILA SOLO. Forme : S.A. R.L. Capital : 500 000 F. Commentaires : modification survenue sur le capital ( augmentation).
30/11/1997	Bodacc B	Modifications et mutations diverses
RCS Paris B 381 630 128 RC 91-B 6106 S. A.R.L. TEQUILA SOLO. Forme : S.A.R.L. Capital : 400 000 F. Commentaires : modification survenue sur le capital ( augmentation).

Company events history

Date	Description
15/11/2012	Bodacc B: Various editing or changing
31/10/2012	Change to corporate purpose
31/10/2012	Minutes of general meeting of shareholders
31/10/2012	Updated articles of association
24/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
05/09/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
24/10/2011	Bodacc C : Deposit accounts notice
17/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
23/09/2010	Bodacc C : Deposit accounts notice
19/05/2010	Bodacc B: Various editing or changing
28/04/2010	Capital increase
28/04/2010	Minutes of general meeting of shareholders
28/04/2010	Updated articles of association
28/04/2010	Amendment
31/12/2009	Legal Gazette: Modification of the share capital
31/12/2009	New accounts available
31/12/2009	Other modification of Establishment
10/09/2009	Bodacc C : Deposit accounts notice
29/01/2009	Payment incident closed
31/12/2008	New accounts available
26/11/2008	Payment incident detected
11/09/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
03/10/2007	Minutes of general meeting of shareholders
03/10/2007	PV d'Assemblée
03/10/2007	Private document
03/10/2007	Registered office transferred inside jurisdiction of the Commercial Court
03/10/2007	Transfert du Siège dans le ressort du Tribunal de Commerce
03/10/2007	Updated articles of association
03/10/2007	Statuts mis à jour
26/07/2007	Update of Company Activity
26/07/2007	Transfer of Establishment
26/07/2007	Update of Company Head Office Identifier
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
26/09/2003	Cession de parts
26/09/2003	Acte sous seing privé
20/03/2001	Acte sous seing privé
20/03/2001	Cession de parts
19/03/2001	Augmentation de Capital
19/03/2001	PV d'Assemblée
19/03/2001	Statuts mis à jour
19/03/2001	Acte sous seing privé
19/03/2001	Conversion du Capital Social en Euros
31/05/2000	PV d'Assemblée
31/05/2000	Transfert du Siège dans le ressort du Tribunal de Commerce
31/05/2000	Statuts mis à jour
31/05/2000	Acte sous seing privé
19/05/2000	Augmentation de Capital
19/05/2000	Acte sous seing privé
19/05/2000	PV d'Assemblée
19/05/2000	Statuts mis à jour
18/01/1999	Cession de parts
18/01/1999	Acte sous seing privé
25/11/1998	Statuts mis à jour
25/11/1998	Acte sous seing privé
25/11/1998	PV d'Assemblée
25/11/1998	Augmentation de Capital
14/11/1997	PV d'Assemblée
14/11/1997	Augmentation de Capital
14/11/1997	Acte sous seing privé
14/11/1997	Statuts mis à jour
29/04/1994	Augmentation de Capital
29/04/1994	Acte modificatif
29/04/1994	PV d'Assemblée
29/04/1994	Statuts mis à jour
15/09/1993	Acte modificatif
15/09/1993	Statuts mis à jour
15/09/1993	Déclaration de conformité
15/09/1993	Transfert du Siège dans le ressort du Tribunal de Commerce
15/09/1993	PV d'Assemblée
Establishment events history

Date	Description
24/10/2012	Update Limit
24/10/2012	Update Rating
19/10/2012	Update Rating
19/10/2012	Update Limit
17/09/2011	Update Rating
17/09/2011	Update Limit
17/02/2011	Update Rating
09/01/2010	Update Rating
31/12/2009	Update of Establishment Workforce
30/12/2009	Update Rating
19/08/2009	Update of phone numbers
31/07/2009	Update Limit
31/07/2009	Update Rating
29/01/2009	Update Rating
12/12/2008	Update Rating
30/07/2008	Update Limit
30/07/2008	Update Rating
16/12/2007	Update Limit
11/12/2007	Update Limit
09/12/2007	Update Limit
12/11/2007	Update Rating
12/11/2007	Update Limit
16/10/2007	Update of phone numbers
26/07/2007	Modification of Head office (after transfer)

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.