MIRA INFORM REPORT

Report Date :

17.05.2013

IDENTIFICATION DETAILS

Name :	ELUE PAR NOUS
Registered Office :	Espace Economique Du Mound, 1 Av Pierre Durand, 31470 Fonsorbes
Country :	France
Financials (as on) :	31.10.2011
Date of Incorporation :	September 1993
Com. Reg. No.:	RCS Toulouse B 392 452 413
Legal Form :	Limited Liability Company
Line of Business :	Wholesaler of Clothing and shoes
No. of Employees :	3 to 5 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – March 31^st 2013

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

Company summary

Name

ELUE PAR NOUS

SIRET

392 452 413 00033

company summary

		EUR VAT Number	FR60392452413
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	05 61 91 99 62	RCS Registration	RCS Toulouse B 392 452 413
Fax		Share capital	53,400 Euros
Address	ELUE PAR NOUS ESPACE ECONOMIQUE DU MOUND 1 AV PIERRE DURAND 31470 FONSORBES	Incorporated Date	10/1993
Nationality	France	Status	Economically active

Current Directors

1

Trading to Date	10/31/2011	10/31/2010	10/31/2009
Turnover	2,332,001 €	2,157,029 €	2,175,072 €
Gross Operating Surplus	1 % Turnover	7,48 % Turnover	11,45 % Turnover
Shareholders’ equity	1,473,098 €	1,536,420 €	1,528,291 €
Net result	22,880 €	105,628 €	151,775 €
Employees	3 to 5 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)
RCS Registration	RCS Toulouse B 392 452 413	Share capital	53,400 Euros
Registration Court	Toulouse (31)	Legal form	Limited Liability Company
Court Registry Number	93 B 01709	EUR VAT Number	FR60392452413
Incorporation Date	10/1993	Formation Date	09/1993
Deregistration Date		Last account Date	31/10/2011
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)	Business Pages FT®
Postal Address	ELUE PAR NOUS  ESPACE ECONOMIQUE DU MOUND  1 AV PIERRE DURAND  31470 FONSORBES	Trading Address	1 AVENUE PIERRE DURAND  31470 FONSORBES
Telephone	05 61 91 99 62
Fax

Type	Head office (one site company)	Status	Economically active
Formation Date	03/2004	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Haute-Garonne (31)	Region	Midi-Pyrénées
District	1	Area	30
City	FONSORBES	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> ELUE PAR NOUS <<<  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in FONSORBES  (31470)
Secondary establishments	>  ELUE PAR NOUS  - Commerce de gros de la chaussure (514D)  in FONTENILLES  (31470)

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

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts 

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/10/2011	31/10/2010	31/10/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	25/09/2012	01/09/2011	03/11/2010
Activity Code	4642Z	4642Z	4642Z
Employees	0	0	0

Active account

Annual Accounts	31/10/2011		31/10/2010		31/10/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	227 480	-7,6%	246 265	-5,5%	260 584	41 648	446,2%
- Intangible assets	5 813	-11,2%	6 548	-44,1%	11 707	5 663	2,6%
- Tangible assets	214 706	-9,0%	235 874	-5,1%	248 474	5 227	4007,6%
- Financial assets	6 959	81,2%	3 841	853,1%	403	5 590,50	24,5%
Net current assets	1 753 530	-4,6%	1 837 512	12,4%	1 634 302	211 108	730,6%
- Stocks	251 932	-12,3%	287 241	-12,3%	327 529	52 184,50	382,8%
- Advanced payments	4 496	-4,6%	14 996	0%	0	0	0%
- Receivables	1 035 966	59,2%	650 701	57,9%	412 207	61 397	1587,3%
- Securities and cash	461 134	-47,9%	884 574	-1,1%	894 566	32 049,50	1338,8%
- Prepaid expenses	-	-	-	-	-	63,50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	1 981 010	-4,9%	2 083 779	10,0%	1 894 887	293 266,50	575,5%

Passive Account

Annual Accounts	31/10/2011		31/10/2010		31/10/2009	Sector Median 2011
Shareholders' equity	1 473 098	-4,1%	1 536 420	0,5%	1 528 291	59 076,50	2393,5%
Share capital	53 400	0%	53 400	0%	53 400	8 000	567,5%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	34 063	0%	34 063	0	0%
Liabilities	507 912	-1,0%	513 295	54,4%	332 529	198 887	155,4%
- Financial liabilities	176 101	-12,2%	200 657	-6,5%	214 598	16 425	972,2%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	211 437	-25,0%	281 934	263,9%	77 470	67 280,50	214,3%
- Tax and social liabilities	120 372	292,1%	30 702	-24,1%	40 461	46 697	157,8%
- Other debts and fixed assets liabilities	0	0%	0	0%	0	8 177	0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	1 981 010	-4,9%	2 083 779	10,0%	1 894 886	293 200	575,7%

Results

Annual Accounts	31/10/2011		31/10/2010		31/10/2009	Sector Median 2011
Sales of Goods	2 504 787	9,8%	2 281 287	0,8%	2 262 929	440 366	468,8%
Net turnover	2 332 001	8,1%	2 157 029	-0,8%	2 175 072	432 894,50	438,7%
- of which net export turnover	85 376	85,3%	46 086	-7,8%	49 963	2 280	3644,6%
Operating charges	2 394 865	12,3%	2 132 140	5,1%	2 028 348	440 947	443,1%
Operating profit/loss	109 922	-26,3%	149 147	-36,4%	234 581	7 559,50	1354,1%
Financial income	14 871	117,2%	6 848	-56,6%	15 795	0	0%
Financial charges	6 629	-18,3%	8 111	-76,4%	34 358	706,50	838,3%
Financial profit/loss	8 241	752,5%	-1 263	93,2%	-18 563	-73,50	11312,2%
Pretax net operating income	118 163	-20,1%	147 884	-31,5%	216 018	6 480	1723,5%
Extraordinary income	0	0%	0	0%	0	0	0%
Extraordinary charges	91 193	0%	0	0%	45	180,50	50422,4%
Extraordinary profit/loss	-91 193	0%	0	0%	-45	0	0%
Net result	22 880	-78,3%	105 628	-30,4%	151 775	6 503	251,8%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/10/2011	31/10/2010	31/10/2009
Months	12	12	12

Accounts - Active 
Current Assets |  Equalization accounts |  Reference 

Grand Total - Passive Accounts (I to IV)

			31/10/2011		31/10/2010		31/10/2009
	Grand Total (I to VI)	Net	1 981 010	-4,9%	2 083 779	10,0%	1 894 887
	Gross	CO	2 178 375	-6,6%	2 332 756	11,0%	2 102 112
	Amortisation	1A	197 364	-20,7%	248 977	20,1%	207 225

Non declared distributed capital (I)

		31/10/2011		31/10/2010		31/10/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/10/2011		31/10/2010		31/10/2009
	Total Active fixed asset (II)	Net	227 480	-7,6%	246 265	-5,5%	260 584
	Gross	BJ	396 044	2,2%	387 589	2,8%	376 951
	Amortisation	BK	168 564	19,3%	141 324	21,4%	116 367

Intangilble fixed assets

			31/10/2011		31/10/2010		31/10/2009
	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	5 813	-11,2%	6 548	-44,1%	11 707
	Gross	AF	20 260	30,9%	15 475	0%	15 475
	Amortisation	AG	14 446	61,8%	8 926	136,9%	3 768
	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	5 813	-11,2%	6 548	-44,1%	11 707

Tangilble fixed assets

			31/10/2011		31/10/2010		31/10/2009
	Lands	Net	16 841	0%	16 841	0%	16 841
	Gross	AN	16 841	0%	16 841	0%	16 841
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	185 576	-7,7%	200 984	-7,1%	216 392
	Gross	AP	308 146	0%	308 146	0%	308 146
	Amortisation	AQ	122 569	14,4%	107 161	16,8%	91 754
	Plant	Net	260	-42,6%	453	-58,6%	1 095
	Gross	AR	3 964	0%	3 964	0%	3 964
	Amortisation	AS	3 703	5,5%	3 511	22,4%	2 869
	Other tangible fixed assets	Net	12 029	-31,6%	17 596	24,4%	14 146
	Gross	AT	39 874	1,4%	39 322	22,4%	32 122
	Amortisation	AU	27 844	28,2%	21 726	20,9%	17 976
	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	214 706		235 874		248 474

Financial assets

			31/10/2011		31/10/2010		31/10/2009
	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	3 334	0%	3 334	0%	0
	Gross	CU	3 334	0%	3 334	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	3 625	615,0%	507	25,8%	403
	Gross	BD	3 625	615,0%	507	25,8%	403
	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	0	0%	0	0%	0
	Gross	BH	0	0%	0	0%	0
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		6 959		3 841		403

Current Assets (III)

			31/10/2011		31/10/2010		31/10/2009
	Total Assets	Net	1 753 530	-4,6%	1 837 512	12,4%	1 634 302
	Gross	CJ	1 782 330	-8,4%	1 945 164	12,8%	1 725 158
	Amortisation	CK	28 800	-73,2%	107 652	18,5%	90 856

Stocks

			31/10/2011		31/10/2010		31/10/2009
	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	251 932	-12,3%	287 241	-12,3%	327 529
	Gross	BT	280 732	-23,5%	366 917	-7,3%	395 889
	Amortisation	BU	28 800	-63,9%	79 676	16,6%	68 360
	Sub Total Stocks	Net	251 932	-12,3%	287 241	-12,3%	327 529

Advance payments to suppliers

			31/10/2011		31/10/2010		31/10/2009
	Advance payments to suppliers	Net	4 496	-70,0%	14 996	0%	0
	Gross	BV	4 496	-70,0%	14 996	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/10/2011		31/10/2010		31/10/2009
	Trade accounts receivable	Net	786 958	47,2%	534 454	43,9%	371 317
	Gross	BX	786 958	39,9%	562 430	42,8%	393 813
	Amortisation	BY	0	0%	27 976	24,4%	22 496
	Other debtors	Net	212 469	89,7%	112 027	251,6%	31 864
	Gross	BZ	212 469	89,7%	112 027	251,6%	31 864
	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	999 427	54,6%	646 481	60,3%	403 181

Divers

			31/10/2011		31/10/2010		31/10/2009
	Investment securities	Net	0	0%	202 970	62,3%	125 057
	Gross	CD	0	0%	202 970	62,3%	125 057
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	461 134	-32,3%	681 604	-11,4%	769 509
	Gross	CF	461 134	-32,3%	681 604	-11,4%	769 509
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	461 134	-47,9%	884 574	-1,1%	894 566

Prepaid expenses

			31/10/2011		31/10/2010		31/10/2009
	Prepaid expenses	Net	36 539	765,9%	4 220	-53,2%	9 026
	Gross	CH	36 539	765,9%	4 220	-53,2%	9 026
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/10/2011		31/10/2010		31/10/2009
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

		31/10/2011		31/10/2010		31/10/2009
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)

		31/10/2011		31/10/2010		31/10/2009
Grand Total (I to V)	EE	1 981 010	-4,9%	2 083 779	10,0%	1 894 886

Shareholder Equity (I)

			31/10/2011		31/10/2010		31/10/2009
	Total shareholders' equity (Total I)	DL	1 473 098	-4,1%	1 536 420	0,5%	1 528 291
	Equity and shareholders' equity	DA	53 400	0%	53 400	0%	53 400
	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	5 340	0%	5 340	0%	5 340
	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	1 391 477	1,4%	1 372 052	4,1%	1 317 776
	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	22 880	-78,3%	105 628	-30,4%	151 775
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/10/2011		31/10/2010		31/10/2009
	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)

			31/10/2011		31/10/2010		31/10/2009
	Total provisions for risks and charges (Total III)	DR	0	0%	34 063	0%	34 063
	Risk provisions	DP	0	0%	34 063	0%	34 063
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/10/2011		31/10/2010		31/10/2009
	Total Liabilities (Total IV)	EC	507 912	-1,0%	513 295	54,4%	332 529
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	124 337	-10,3%	138 581	-9,0%	152 254
	Sundry loans and financial liabilities	DV	51 764	-16,6%	62 076	-0,4%	62 344
	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	211 437	-25,0%	281 934	263,9%	77 470
	Tax and social security liabilities	DY	120 372	292,1%	30 702	-24,1%	40 461
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	0	0%	0	0%	0

Translation loss (V)

		31/10/2011		31/10/2010		31/10/2009
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/10/2011		31/10/2010		31/10/2009
Deferred income	EB	0	0%	0	0%	0

References

		31/10/2011		31/10/2010		31/10/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	398 414	2,4%	388 957	100,5%	193 949
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)

		31/10/2011		31/10/2010		31/10/2009
Operating result (Total I-II)	GG	109 922	-26,3%	149 147	-36,4%	234 581

2 - Financial result (V - VI)

		31/10/2011		31/10/2010		31/10/2009
Financial result (Total V-VI)	GV	8 241	752,5%	-1 263	93,2%	-18 563

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

		31/10/2011		31/10/2010		31/10/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	118 163	-20,1%	147 884	-31,5%	216 018

4 - Extraordinary result (VII-VIII)

		31/10/2011		31/10/2010		31/10/2009
Extraordinary result (Total VII-VIII)	HI	-91 193	0%	0	0%	-45

Profit or loss

		31/10/2011		31/10/2010		31/10/2009
Profit or loss	HN	22 880	-78,3%	105 628	-30,4%	151 775

Total Income (I+III+V+VII)

		31/10/2011		31/10/2010		31/10/2009
Total Income (I+III+V+VII)	HL	2 519 659	10,1%	2 288 135	0,4%	2 278 724

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

		31/10/2011		31/10/2010		31/10/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	2 496 779	14,4%	2 182 505	2,6%	2 126 948

Operating income (I)

		31/10/2011		31/10/2010		31/10/2009
Total operating income (Total I)	FR	2 504 787	9,8%	2 281 287	0,8%	2 262 929

Operating income (details)

			31/10/2011		31/10/2010		31/10/2009
	Sale of goods for resale	FC	2 332 001	11,5%	2 092 282	-1,2%	2 116 650
	France	FA	2 246 625	9,8%	2 046 196	-1,0%	2 066 687
	Export	FB	85 376	85,3%	46 086	-7,8%	49 963
	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	0	0%	64 747	10,8%	58 422
	France	FG	0	0%	64 747	10,8%	58 422
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	2 332 001	8,1%	2 157 029	-0,8%	2 175 072
	France	FJ	2 246 625	6,4%	2 110 943	-0,7%	2 125 109
	Export	FK	85 376	85,3%	46 086	-7,8%	49 963
	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	172 785	39,1%	124 234	41,5%	87 806
	Other income	FQ	0	0%	24	-52,9%	51

Operating charges (II)

		31/10/2011		31/10/2010		31/10/2009
Total operating charges (Total II)	GF	2 394 865	12,3%	2 132 140	5,1%	2 028 348

Exploitation charges

		31/10/2011		31/10/2010		31/10/2009
Purchase of goods for resale	FS	1 797 902	19,9%	1 499 252	-3,2%	1 549 449
Change in stocks of goods for resale	FT	86 185	197,5%	28 972	129,8%	-97 065
Purchase of raw materials	FU	0	0%	0	0%	11 234
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	318 737	-13,6%	368 809	1,8%	362 356
Tax, duty and similar payments	FX	9 368	44,2%	6 496	-28,9%	9 141
Payroll	FY	76 114	-0,6%	76 568	7,9%	70 963
Social security costs	FZ	20 482	30,6%	15 678	-21,3%	19 910

Depreciation

		31/10/2011		31/10/2010		31/10/2009
Depreciation of fixed assets	GA	27 238	4,2%	26 133	17,5%	22 234
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	28 800	-68,1%	90 248	32,0%	68 360
Provisions for risks and charges	GD	0	0%	0	0%	9 438

Other charges

		31/10/2011		31/10/2010		31/10/2009
Other charges	GE	30 037	50,3%	19 984	758,4%	2 328

Operating charges (III-IV)

		31/10/2011		31/10/2010		31/10/2009
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)

			31/10/2011		31/10/2010		31/10/2009
	Total financial income (Total V)	GP	14 871	117,2%	6 848	-56,6%	15 795
	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	11 148	95,5%	5 702	-38,4%	9 256
	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	3 723	224,9%	1 146	-82,5%	6 539

Financial Charge (VI)

			31/10/2011		31/10/2010		31/10/2009
	Total financial charge (Total VI)	GU	6 629	-18,3%	8 111	-76,4%	34 358
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	6 629	-18,3%	8 111	-76,4%	34 358
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/10/2011		31/10/2010		31/10/2009
	Total extraordinary income (Total VII)	HD	0	0%	0	0%	0
	Extraordinary operating income	HA	0	0%	0	0%	0
	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)

			31/10/2011		31/10/2010		31/10/2009
	Total extraordinary charges (Total VIII)	HH	91 193	0%	0	0%	45
	Extraordinary operating charges	HE	91 193	0%	0	0%	45
	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)

		31/10/2011		31/10/2010		31/10/2009
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/10/2011		31/10/2010		31/10/2009
Tax on profits (Total X)	HK	4 090	-90,3%	42 254	-34,2%	64 197

References

		31/10/2011		31/10/2010		31/10/2009
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	31 070	-38,8%	50 780	694,4%	6 392
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)

			31/10/2011		31/10/2010		31/10/2009
	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%	1 177	110,2%	560
	Gross value at the end of period	OL	396 044	2,2%	387 590	2,8%	376 952

Research and development Charge (Total I)

			31/10/2011		31/10/2010		31/10/2009
	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)

			31/10/2011		31/10/2010		31/10/2009
	Gross value at begin of period	KD	15 475	0%	15 475	649,4%	2 065
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	4 785	0%	0	0%	13 970
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	560
	Gross value at the end of period	LW	20 260	30,9%	15 475	0%	15 475

Tangible fixed assets (Total III)

			31/10/2011		31/10/2010		31/10/2009
	Gross value at begin of period	LN	368 274	2,0%	361 074	2,6%	351 805
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	551	-93,4%	8 377	-9,6%	9 268
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	1 177	0%	0
	Gross value at the end of period	NH	368 825	0,1%	368 274	2,0%	361 073

Fiancial assets (Total IV)

			31/10/2011		31/10/2010		31/10/2009
	Gross value at begin of period	LQ	3 841	853,1%	403	0%	403
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	3 118	-9,3%	3 438	0%	0
	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	6 959	81,2%	3 841	853,1%	403

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

			31/10/2011		31/10/2010		31/10/2009
	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)

			31/10/2011		31/10/2010		31/10/2009
	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)

			31/10/2011		31/10/2010		31/10/2009
	Reserve for depreciation value at begin of period	PE	8 926	136,9%	3 768	403,7%	748
Increases		PF	5 519	7,0%	5 158	44,1%	3 580
Decreasess		PG	0	0%	0	0%	560
	Decreasess by budget item transfer	PH	14 446	61,8%	8 926	136,9%	3 768

Total fixed assets amotisation (Total III)

			31/10/2011		31/10/2010		31/10/2009
	Reserve for depreciation value at begin of period	QU	132 398	17,6%	112 598	19,9%	93 945
Increases		QV	21 718	3,5%	20 974	12,4%	18 652
Decreases		QW	0	0%	1 177	0%	0
	Decreasess by budget item transfer	QX	154 117	16,4%	132 395	17,6%	112 597

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

			31/10/2011		31/10/2010		31/10/2009
	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

			31/10/2011		31/10/2010		31/10/2009
	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)

			31/10/2011		31/10/2010		31/10/2009
	Value at begining of period	7C	141 715	13,4%	124 919	-2,8%	128 535
Increases		UB	28 800	-68,1%	90 248	16,0%	77 798
Decreases		UC	141 715	92,9%	73 453	-9,8%	81 413
	Value at the end of period	UD	28 800	-79,7%	141 714	13,4%	124 920

Includes Total allocations

Operating	UE	28 800	-68,1%	90 248	16,0%	77 798
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	141 715	92,9%	73 453	-9,8%	81 413
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/10/2011		31/10/2010		31/10/2009
	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)

			31/10/2011		31/10/2010		31/10/2009
	Value at begining of period	5Z	34 063	0,0%	34 064	38,3%	24 625
Increases		TV	0	0%	0	0%	9 438
Decreases		TW	34 063	0%	0	0%	0
	Value at the end of period	TX	0	0%	34 064	0,0%	34 063

Total Provision for depreciation (Total III)

			31/10/2011		31/10/2010		31/10/2009
	Value at begining of period	7B	107 652	18,5%	90 856	-12,6%	103 910
Increases		TY	28 800	-68,1%	90 248	32,0%	68 360
Decreases		TZ	107 652	46,6%	73 453	-9,8%	81 413
	Value at the end of period	UA	28 800	-73,2%	107 651	18,5%	90 857

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

		31/10/2011		31/10/2010		31/10/2009
Gross value	VT	1 035 967	52,6%	678 678	56,1%	434 704
1 year at most	VU	1 035 967	52,6%	678 678	56,1%	434 704
More than one year	VV	0	0%	0	0%	0

State of loans

		31/10/2011		31/10/2010		31/10/2009
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/10/2011		31/10/2010		31/10/2009
Customers doubtful or disputed	VA	43 126	-15,5%	51 018	-20,0%	63 795
Other claims customer	UX	743 831	45,4%	511 411	55,0%	330 017
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	305	0%	0	0%	0
Social Security and other social organizations	UZ	1 354	-88,8%	12 040	0%	0
Income taxes	VM	38 165	73,9%	21 944	-14,4%	25 642
Value added tax	VB	91 502	273,7%	24 487	293,6%	6 222
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	452	0%	0	0%	0
Group and Associates	VC	79 450	48,9%	53 347	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	1 240	499,0%	207	0%	0

Prepaid

		31/10/2011		31/10/2010		31/10/2009
Prepaid	VS	36 539	765,9%	4 220	-53,2%	9 026

State Debt

			31/10/2011		31/10/2010		31/10/2009
	Total debt (gross)	VY	507 912	-1,0%	513 295	54,4%	332 531
1 year at most		VZ2	398 414	2,4%	388 958	100,5%	193 950
More than 1 year and 5 years at most		VZ3	65 821	4,2%	63 181	4,2%	60 647
More than 5 years		VZ4	43 677	-28,6%	61 156	-21,5%	77 934

Details

			31/10/2011		31/10/2010		31/10/2009
	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	124 337	-10,3%	138 581	-9,0%	152 254
1 year at most		VH2	14 839	4,2%	14 244	4,2%	13 673
More than 1 year and 5 years at most		VH3	65 821	4,2%	63 181	4,2%	60 647
	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	211 437	-25,0%	281 934	263,9%	77 470
1 year at most		8B2	211 437	-25,0%	281 934	263,9%	77 470
More than 1 year and 5 years at most		8B3	211 437	-25,0%	281 934	263,9%	77 470
	Personnel and associated accounts (gross)	8C1	11 982	28,7%	9 308	-12,6%	10 649
1 year at most		8C2	11 982	28,7%	9 308	-12,6%	10 649
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	8 108	5,5%	7 685	-20,6%	9 680
1 year at most		8D2	8 108	5,5%	7 685	-20,6%	9 680
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	95 480	643,9%	12 835	-32,5%	19 013
1 year at most		VW2	95 480	643,9%	12 835	-32,5%	19 013
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	4 802	449,4%	874	-21,8%	1 118
1 year at most		VQ2	4 802	449,4%	874	-21,8%	1 118
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	51 764	-16,6%	62 076	-0,4%	62 344
1 year at most		VI2	51 764	-16,6%	62 076	-0,4%	62 344
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/10/2011		31/10/2010		31/10/2009
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	14 244	4,2%	13 673	4,2%	13 125

Table allocation results and other information 
Dividends distributed

		31/10/2011		31/10/2010		31/10/2009
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/10/2011		31/10/2010		31/10/2009
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

		31/10/2011		31/10/2010		31/10/2009
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

		31/10/2011		31/10/2010		31/10/2009
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

		31/10/2011		31/10/2010		31/10/2009
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

		31/10/2011		31/10/2010		31/10/2009
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		31/10/2011		31/10/2010		31/10/2009
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

		31/10/2011		31/10/2010		31/10/2009	Sector Median 2011
Fixed Asset Financing		4,59	-6,9%	4,93	-1,8%	5,02	1,89	142,9%
Global Debt		78 days	-9,3%	86 days	56,4%	55 days	144 days	-45,8%
Working Capital Fund overall net		219 days	-14,1%	255 days	1,6%	251 days	45 days	386,7%
Financial independence		1184,76%	6,9%	1108,68%	10,5%	1003,78%	354,55%	234,2%
More ratios
Solvability		74,36%	0,9%	73,73%	-8,6%	80,65%	26,23%	183,5%
Capacity debt futures		9927,21%	-8,0%	10786,44%	-3,5%	11177,44%	803,05%	1136,2%
Coverage of current assets by net working capital overall		81,44%	14,5%	71,13%	-13,6%	82,36%	32,29%	152,2%
General Liquidity		2,60	49,4%	1,74	-22,3%	2,24	0,39	566,7%
Restricted Liquidity		3,76	-6,5%	4,02	-41,3%	6,85	0,71	429,6%

Management or rotation

		31/10/2011		31/10/2010		31/10/2009	Sector Median2011
Need background in operating working capital		143 days	34,9%	106 days	5,0%	101 days	8 days	1687,5%
Treasury		71 days	-52,0%	148 days	0%	148 days	6,50 days	992,3%
Inventory turnover of goods		54 days	-37,2%	86 days	-12,2%	98 days	92 days	-41,3%
Average length of credit granted to customers		121 days	28,7%	94 days	44,6%	65 days	29 days	317,2%
Average length of credit obtained suppliers		35 days	-35,2%	54 days	260,0%	15 days	61 days	-42,6%
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	2015,50days	-
Rotation tangible assets		632,28%	8,0%	585,71%	-2,8%	602,39%	2081,50%	-69,6%

Profitability of the business

		31/10/2011		31/10/2010		31/10/2009	Sector Median2011
Margin trading		19,21%	-26,5%	26,15%	-14,4%	30,54	31,80%	-39,6%
Profitability of the business		1	-86,6%	7,48	-34,7%	11,45	2,78%	-64,0%
Net profit		0,98%	-80,0%	4,90%	-29,8%	6,98%	1,58%	-38,0%
More ratios
Growth rate of turnover (excluding VAT)		8,11%	1077,1%	-0,83%	88,3%	-7,10%	0%	0%
Rates integration		5,54%	-54,0%	12,05%	-24,9%	16,05%	18,52%	-70,1%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		74,78%	110,8%	35,48%	36,3%	26,03%	69,50%	7,6%
Weight interests		0,28	-26,3%	0,38%	-75,9%	1,58%	0,21%	33,3%

Return on capital

		31/10/2011		31/10/2010		31/10/2009	Sector Median 2011
Cash flow from the overall profitability		-3,93%	-245,6%	2,70%	-36,6%	4,26%	2,03%	-293,6%
Rates of economic profitability		1%	-88,9%	9%	-35,7%	14%	13%	-92,3%
Financial profitability		1473098%	-4,1%	1536420%	0,5%	1528291%	29087%	4964,5%
Return on investment		1,79%	-72,7%	6,55%	-38,7%	10,68%	10,39%	-82,8%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion 

	31/10/2011		31/10/2010		31/10/2009	Sector Median 2011
Turnover	2 332 001	8,1%	2 157 029	-0,8%	2 175 072	432 894 €	438,7%

Sales of goods	2 332 001	11,5%	2 092 282	-1,2%	2 116 650
- Purchase of goods	1 797 902	19,9%	1 499 252	-3,2%	1 549 449
+/- Stock of goods variation	86 185	197,5%	28 972	129,8%	-97 065
Trading margin	447 914 €	-20,6%	564 058 €	-15,1%	664 266 €	113 297,50 €	295,3%
	19,21 % CA	-26,5%	26,15 % CA	-14,4%	30,54 % CA	32,78 % CA	-41,4%

Sale of goods produced	0	0%	64 747	10,8%	58 422
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	0 €	0%	64 747 €	10,8%	58 422 €	1 929 €	0%
	0,00 % CA	0%	3,00 % CA	11,5%	2,69 % CA	1,05 % CA	0%

Trading margin	447 914	-20,6%	564 058	-15,1%	664 266	113 297,50	295,3%
+ Period Production	0	0%	64 747	10,8%	58 422	1 929	0%
- Purchase of raw materials	0	0%	0	0%	11 234
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	318 737	-13,6%	368 809	1,8%	362 356
Added value	129 177 €	-50,3%	259 996 €	-25,5%	349 098 €	87 637,50 €	47,4%
	5,54 % CA	-54,0%	12,05 % CA	-24,9%	16,05 % CA	18,52 % CA	-70,1%

Added value	129 177 €	-50,3%	259 996 €	-25,5%	349 098 €	87 637,50 €	47,4%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	9 368	44,2%	6 496	-28,9%	9 141
- Personal charges	96 596	4,7%	92 246	1,5%	90 873
Gross operating surplus	23 213 €	-85,6%	161 254 €	-35,3%	249 084 €	9 967,50 €	132,9%
	1,00 % CA	-86,6%	7,48 % CA	-34,7%	11,45 % CA	2,78 % CA	-64,0%

Gross operating surplus	23 213 €	-85,6%	161 254 €	-35,3%	249 084 €	9 967,50 €	132,9%
+ Release of reserves and provisions	172 785	39,1%	124 234	41,5%	87 806
+ Other operating income	0	0%	24	-52,9%	51
- Depreciation/Amortisation	56 038	-51,8%	116 381	16,3%	100 032
- Other charges	30 037	50,3%	19 984	758,4%	2 328
Operating result	109 923 €	-26,3%	149 147 €	-36,4%	234 581 €	7 555 €	1355,0%
	4,71 % CA	-31,8%	6,91 % CA	-35,9%	10,78 % CA	2,08 % CA	126,4%

Operating result	109 923 €	-26,3%	149 147 €	-36,4%	234 581 €	7 555 €	1355,0%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	14 871	117,2%	6 848	-56,6%	15 795
- Financial charges	6 629	-18,3%	8 111	-76,4%	34 358
Pre-tax result	118 165 €	-20,1%	147 884 €	-31,5%	216 018 €	6 480 €	1723,5%
	5,07 % CA	-26,1%	6,86 % CA	-30,9%	9,93 % CA	1,70 % CA	198,2%

Extraordinary income	0	0%	0	0%	0	0	0%
- Extraordinary charges	91 193	0%	0	0%	45
Extraordinary result	-91 193 €	0%	0 €	0%	-45 €	0 €	0%
	-3,91 % CA	0%	0,00 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	118 165 €	-20,1%	147 884 €	-31,5%	216 018 €	6 480 €	1723,5%
Extraordinary result	-91 193 €	0%	0 €	0%	-45 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	4 090	-90,3%	42 254	-34,2%	64 197
Net result	22 882 €	-78,3%	105 630 €	-30,4%	151 776 €	6 491 €	252,5%
	0,98 % CA	-80,0%	4,90 % CA	-29,8%	6,98 % CA	1,57 % CA	-37,6%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

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Display only where participation % > 33 %

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Company Name	SIREN	Parts	Last account published
GROUPE JAJ	592013155	-	31/03/2012
D'DISTRIBUTION	423026400	51%	31/03/2012
D DISTRIBUTION US	-	100%	-

Linkages

No linked companies

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
08/10/2012	Bodacc C	Comptes annuels et rapports
31 - HAUTE-GARONNE GREFFE DU TRIBUNAL DE COMMERCE DE TOULOUSE 3262 - 392452413 RCS. ELUE PAR NOUS. Forme : Société à Responsabilité Limitée. Adresse : 1 avenue Pierre Durand Espace Economique de Moundrand 31470 Fonsorbes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/10/2011.
23/11/2010	Bodacc C	Comptes annuels et rapports
31 - HAUTE-GARONNE GREFFE DU TRIBUNAL DE COMMERCE DE TOULOUSE 2110 - 392452413 RCS. ELUE PAR NOUS. Forme : Société à Responsabilité Limitée. Adresse : 1 avenue Pierre Durand Espace Economique de Moundrand 31470 Fonsorbes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/10/2009.
19/07/2009	Bodacc C	Comptes annuels et rapports
31 - HAUTE-GARONNE GREFFE DU TRIBUNAL DE COMMERCE DE TOULOUSE 1666 - 392452413 RCS. ELUE PAR NOUS. Forme : Société à Responsabilité Limitée. Adresse : 1 avenue Pierre Durand Espace Economique de Moundrand, 31470 Fonsorbes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/10/2008.
24/09/2008	Bodacc C	Comptes annuels et rapports
31 - HAUTE-GARONNE GREFFE DU TRIBUNAL DE COMMERCE DE TOULOUSE 2544 - 392452413 RCS. ELUE PAR NOUS. Forme : Société à Responsabilité Limitée. Adresse : 1 avenue Pierre Durand Espace Economique de Moundrand, 31470 Fonsorbes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/10/2007.
09/12/2007	Bodacc C	Avis de dépôt des comptes
3201 - 392 452 413. RCS Toulouse ELUE PAR NOUS. Forme: société à responsabilité limitée. Adresse du siège social: 1 avenue Pierre Durand Espace Economique De Moundrand, 31470 Fonsorbes. Comptes annuels et rapports de l'exercice clos le: 31 octobre 2006.
05/12/2006	Bodacc C	Avis de dépôt des comptes
2779 - RCS Toulouse B 392 452 413. RC 93-B 1709. ELUE PAR NOUS. Forme: S.A.R.L. Adresse du siège social: 1, Avenue Pierre Durand - Espa,31470 Fonsorbes. Comptes annuels et rapports de l'exercice clos le: 31 octobre 2005.
30/08/2005	Bodacc C	Avis de dépôt des comptes
1846 - RCS Toulouse B 392 452 413. RC 93-B 1709. ELUE PAR NOUS. Forme: S.A.R.L.. Adresse du siège social: 1, avenue Pierre Durand,Espace Economique du Moundran, 31470 Fonsorbes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
18/11/2004	Bodacc B	Modifications et mutations diverses
RCS Toulouse B 392452413 RC 93-B 1709 ELUE PAR NOUS. Forme : S.A.R.L. Adresse du siège social : espace économique du Moundran, 1 avenue Pierre-Durand, 31470 Fonsorbes. Commentaires : modification survenue sur l'adresse du siège social. Date d'effet : 19 mars 2004.
11/09/2003	Bodacc B	Modifications et mutations diverses
RCS Toulouse B 392452413 RC 93-B 1709 ELUE PAR NOUS. Forme : S.A.R.L. Adresse du siège social : Domaine de Cammartin, 31470 Fontenilles. Commentaires : modification survenue sur l' administration. Administration : gérant : SVAIZER (Jacqueline) ( Nom d'usage : ALLASIA). Date d'effet : 29 avril 2003.
07/03/2001	Bodacc B	Modifications et mutations diverses
RCS Toulouse B 392452413 RC 93-B 1709 ELUE PAR NOUS. Forme : S.A.R.L. Capital : 53 400 euros. Adresse du siège social : Domaine de Cammartin, 31470 Fontenilles. Commentaires : modification survenue sur le capital (augmentation et conversion en euros). Date d'effet : 23 novembre 2000.
19/03/1996	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Toulouse B 392452413 RC 93-B 1709 ELUE PAR NOUS. Forme : S.A.R.L. Capital : 50 100 F (fixe). Adresse : La Pointe de Bontemps, Fonsorbes, 31470 Saint-Lys Nouvelle situation du siège social. Adresse : domaine de Cammartin, 31470 Fontenilles. Commentaires : la société ne conserve aucune activité à l'ancien siège social. Administration : ancien gérant : LOVATO (Joseph), nouvelle gérante : Mme DURAN, épouse GONZALEZ ( Régine) Etablissement principal: Adresse : domaine de Cammartin, 31470 Fontenilles. Date d'effet : 21 octobre 1995.

Company events history

Date	Description
08/10/2012	Bodacc C : Deposit accounts notice
02/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/10/2011	New accounts available
08/09/2011	Bodacc C : Deposit accounts notice
03/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
22/06/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
23/11/2010	Bodacc C : Deposit accounts notice
31/10/2010	New accounts available
31/10/2009	New accounts available
19/07/2009	Bodacc C : Deposit accounts notice
31/10/2008	New accounts available
24/09/2008	Bodacc C : Deposit accounts notice
31/10/2007	New accounts available
31/10/2006	New accounts available
31/10/2005	New accounts available
31/10/2004	New accounts available
27/10/2004	Transfert du Siège dans le ressort du Tribunal de Commerce
27/10/2004	Updated articles of association
27/10/2004	Statuts mis à jour
27/10/2004	Private document
27/10/2004	Minutes of general meeting of shareholders
27/10/2004	Registered office transferred inside jurisdiction of the Commercial Court
27/10/2004	Acte sous seing privé
27/10/2004	PV d'Assemblée
31/10/2003	New accounts available
27/08/2003	Acte sous seing privé
27/08/2003	Statuts mis à jour
27/08/2003	Changement de Gérant
27/08/2003	Nomination/démission des organes de gestion
27/08/2003	PV d'Assemblée
16/02/2001	Acte sous seing privé
16/02/2001	Changement de date de clôture
16/02/2001	Augmentation de Capital
16/02/2001	Statuts mis à jour
16/02/2001	PV d'Assemblée
07/01/1997	PV d'Assemblée
07/01/1997	Nomination/démission des organes de gestion
07/01/1997	Changement de Gérant
07/01/1997	Acte sous seing privé
05/02/1996	Acte sous seing privé
05/02/1996	Transfert du Siège dans le ressort du Tribunal de Commerce
05/02/1996	Nomination/démission des organes de gestion
05/02/1996	PV d'Assemblée
05/02/1996	Cession de parts
05/02/1996	Statuts mis à jour
05/02/1996	Changement de Gérant
14/10/1993	Acte sous seing privé
14/10/1993	Formation de Société
14/10/1993	Déclaration de conformité
14/10/1993	Statuts

Establishment events history

Date	Description
24/10/2012	Update of phone numbers
02/10/2012	Update Rating
02/10/2012	Update Limit
04/09/2012	Update Limit
04/09/2012	Update Rating
03/09/2011	Update Rating
03/09/2011	Update Limit
02/09/2011	Update Rating
02/09/2011	Update Limit
05/11/2010	Update Limit
05/11/2010	Update Rating
11/07/2010	Update Limit
11/07/2010	Update Rating
02/01/2010	Update Rating
15/07/2009	Update Limit
15/07/2009	Update Rating
04/07/2009	Update Rating
24/11/2008	Update Rating
24/11/2008	Update Limit
27/09/2008	Update Rating
16/12/2007	Update Limit
10/12/2007	Update Limit
09/12/2007	Update Limit
08/12/2007	Update Rating
16/11/2007	Update Limit

directors

Name	M. GONZALEZ JEAN-CHARLES
Manager position	Associé-gérant	Date of birth	29/11/1960
Place of birth	CARCASSONNE
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.77
UK Pound	1	Rs.83.31
Euro	1	Rs.70.46

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.