MIRA INFORM REPORT

Report Date :

31.05.2013

IDENTIFICATION DETAILS

Name :	COMPAGNIE INTERNATIONALE DE MAINTENANC
Registered Office :	55 Rue Du Bois Chaland 91090 Lisses
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	December 1990
Com. Reg. No.:	RCS Evry 0 380 330 571
Legal Form :	Public limited company with board of directors
Line of Business :	Wholesale (intercompany trade) of various industrial supplies and equipment
No. of Employees :	20 to 49 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 :	Good
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	A1	A1

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

FRANCE - ECONOMIC OVERVIEW

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

COMPAGNIE INTERNATIONALE DE MAINTENANC

SIRET

380 330 571 00023

Personal comment

company summary

Acronym	CIM
		EUR VAT Number	FR28380330571
Activity (APE)	Wholesale (intercompany trade) of various industrial supplies and equipment (4669B)	Legal form	Public limited company with board of directors
Phone	01 69 11 93 33	RCS Registration	RCS Evry 0 380 330 571
Fax	01 69 11 93 30	Share capital	1,632,816 Euros
Address	COMPAGNIE INTERNATIONALE DE MAINTENANC 55 RUE DU BOIS CHALAND 91090 LISSES	Incorporated Date	12/1990
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Current Directors

6

Directors
	Name	FAIVELEY TRANSPORT AMIENS
	Name of representative	M LEROUX LILIAN MATHIEU
	Manager position	Administrateur	Date of birth	02/11/1971
	Place of birth	L ISLE SUR LA SORGUE
	Type	Moral person	Name at birth
	Name	M. DE DEMANDOLX PIERRE
	Manager position	Administrateur	Date of birth	13/01/1941
	Place of birth	MARSEILLE
	Type	Individual	Name at birth
	Name	M. MAILLART JEAN FRANCOIS
	Manager position	Administrateur	Date of birth	13/10/1942
	Place of birth	ST ETIENNE DU ROUVRAY
	Type	Individual	Name at birth
	Name	M. GARDES NOEL
	Manager position	Administrateur	Date of birth	28/12/1921
	Place of birth	MAUROUX
	Type	Individual	Name at birth
	Name	M. LOVAMBAC ALAIN
	Manager position	Président Directeur Général, Administrateur	Date of birth	15/07/1951
	Place of birth	BOULOGNE BILLANCOURT
	Type	Individual	Name at birth
	Name	M. AUGER JEAN-PIERRE ERNEST LOUIS
	Manager position	Administrateur	Date of birth	14/08/1949
	Place of birth	TANGER(MAROC)
	Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Administrateur	M PIERRE DE DEMANDOLX	- - -
Administrateur	FAIVELEY TRANSPORT AMIENS	- - MONTPELLIER
Administrateur	M NOEL GARDES	- - -
Administrateur	M SERGE ROSSI	- - -
Administrateur	SAB WABCO SA	- - -
Administrateur	STARDEUX	- - -

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

N/a

PAYMENT INFORMATION

N/a

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Company number
	COMPAGNIE INTERNATIONALE DE MAINTENANCE	380330571

Ultimate Parent

1 ultimate parent company for this company >  COMPAGNIE INTERNATIONALE DE MAINTENANC  - Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)  in LISSES  (91090)

Group data

Ultimate parent company	COMPAGNIE INTERNATIONALE DE MAINTENANCE
Direct parent	-
Group – Number of companies	3
Linkages – Number of companies	-
Number of countries	-

Company Name	SIREN	Parts	Last account published
COMPAGNIE INTERNATIONALE DE MAINTENANC	380330571	-	31/12/2011
RAIL INDUSTRIES CANADA INC	-	100%	-
LLOYD ABC	-	100%	-

FINANCIAL INFORMATION

Trading to Date	12/31/2011	12/31/2010	12/31/2009
Turnover	44,883,691 €	17,534,243 €	21,306,494 €
Gross Operating Surplus	11,87 % Turnover	8,38 % Turnover	7,97 % Turnover
Shareholders’ equity	7,503,129 €	5,351,062 €	5,059,827 €
Net result	2,968,475 €	801,490 €	704,915 €

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	13/07/2012	05/07/2011	08/06/2010
Activity Code	4669B	4669B	4669B
Employees	29	30	0

Active account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	916 267	125,0%	407 217	-7,7%	441 232	30 606	2893,7%
- Intangible assets	67 332	-3,4%	69 683	-23,3%	90 801	0	0%
- Tangible assets	607 549	467,9%	106 976	-10,2%	119 129	13 064	4550,6%
- Financial assets	241 386	4,7%	230 558	-0,3%	231 302	1 823	13141,1%
Net current assets	34 711 797	85,9%	18 675 534	48,4%	12 583 403	416 949	8225,2%
- Stocks	1 684 351	-5,3%	1 778 581	-35,3%	2 748 702	51 860	3147,9%
- Advanced payments	729 104	85,9%	3 904 265	2238,2%	166 977	0	0%
- Receivables	18 622 685	462,3%	3 311 678	-23,4%	4 324 583	205 492	8962,5%
- Securities and cash	13 675 657	41,3%	9 681 010	81,2%	5 343 141	63 909	21298,6%
- Prepaid expenses	-	-	-	-	-	210	-
Accounts of regularization	374 571	1225,6%	28 256	371,6%	5 992	0	0%
Total Assets	36 002 635	88,4%	19 111 007	46,7%	13 030 627	491 346	7227,3%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Shareholders' equity	7 503 129	40,2%	5 351 062	5,8%	5 059 827	160 396	4577,9%
Share capital	1 632 816	0%	1 632 816	0%	1 632 816	35 500	4499,5%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1 582 941	228,7%	481 610	-59,6%	1 191 869	0	0%
Liabilities	26 724 679	101,6%	13 257 533	96,0%	6 762 870	279 540	9460,2%
- Financial liabilities	264 409	-55,4%	593 165	6,0%	559 797	21 365	1137,6%
- Advanced payments received	3 751 020	-57,3%	8 786 995	408,0%	1 729 890	0	0%
- Trade account payables	6 699 938	174,7%	2 438 886	-18,0%	2 973 830	113 639	5795,8%
- Tax and social liabilities	1 967 501	124,1%	877 950	9,4%	802 695	76 615,50	2468,0%
- Other debts and fixed assets liabilities	11 687 425	2407,2%	466 152	31,3%	354 981	4 476	261013,2%
Account regularization	2 546 272	2110,6%	115 187	-67,8%	357 738	0	0%
Total liabilities	36 002 635	88,4%	19 111 007	46,7%	13 030 627	491 346	7227,3%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Sales of Goods	47 221 188	148,2%	19 024 617	-17,4%	23 027 254	847 935	5469,0%
Net turnover	44 883 691	156,0%	17 534 243	-17,7%	21 306 494	833 917	5282,3%
- of which net export turnover	42 980 206	163,3%	16 323 612	-14,7%	19 144 680	0	0%
Operating charges	43 072 861	142,0%	17 795 239	-19,4%	22 081 854	806 406	5241,3%
Operating profit/loss	4 148 327	237,4%	1 229 378	30,0%	945 400	29 853	13795,8%
Financial income	1 265 730	352,4%	279 759	1,1%	276 838	164	771686,6%
Financial charges	575 880	247,7%	165 644	26,5%	130 929	1 472	39022,3%
Financial profit/loss	689 850	504,5%	114 115	-21,8%	145 909	-242	285162,0%
Pretax net operating income	4 133 267	207,7%	1 343 493	23,1%	1 091 309	28 358	14475,3%
Extraordinary income	0	0%	368	0%	0	209	0%
Extraordinary charges	5 594	-95,4%	121 565	346,2%	27 247	310	1704,5%
Extraordinary profit/loss	-5 594	95,4%	-121 197	-344,8%	-27 247	0	0%
Net result	2 968 475	270,4%	801 490	13,7%	704 915	24 645	11944,9%

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	36 002 635	88,4%	19 111 007	46,7%	13 030 627
Gross	CO	43 265 453	65,8%	26 092 229	36,6%	19 099 550
Amortisation	1A	7 262 818	4,0%	6 981 222	15,0%	6 068 923

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	916 267	125,0%	407 217	-7,7%	441 232
Gross	BJ	1 739 528	58,2%	1 099 644	2,4%	1 074 056
Amortisation	BK	823 261	18,9%	692 427	9,4%	632 824

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	15 663	-13,1%	18 014	-54,0%	39 132
	Gross	AF	149 405	0,8%	148 224	0,9%	146 882
	Amortisation	AG	133 742	2,7%	130 210	20,8%	107 750
	Goodwill	Net	51 669	0%	51 669	0%	51 669
	Gross	AH	51 669	0%	51 669	0%	51 669
	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	67 332	-3,4%	69 683	-23,3%	90 801

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	478 074	1527,4%	29 377	-27,3%	40 400
Gross	AR	871 246	260,6%	241 591	0,2%	241 108
Amortisation	AS	393 172	85,3%	212 214	5,7%	200 708
Other tangible fixed assets	Net	129 475	66,9%	77 599	-1,4%	78 729
Gross	AT	425 822	-0,4%	427 602	6,1%	403 095
Amortisation	AU	296 347	-15,3%	350 003	7,9%	324 366
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	607 549		106 976		119 129

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	141 016	7,3%	131 397	0%	131 397
Gross	CU	141 016	7,3%	131 397	0%	131 397
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	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
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	100 370	1,2%	99 161	-0,7%	99 905
Gross	BH	100 370	1,2%	99 161	-0,7%	99 905
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		241 386		230 558		231 302

Current Assets (III)

		31/12/2011		31/12/2010		31/12/2009
Total Assets	Net	34 711 797	85,9%	18 675 534	48,4%	12 583 403
Gross	CJ	41 151 354	64,8%	24 964 329	38,5%	18 019 502
Amortisation	CK	6 439 557	2,4%	6 288 795	15,7%	5 436 099

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	1 684 351	-5,3%	1 778 581	-35,3%	2 748 702
Gross	BT	3 319 804	0,5%	3 302 961	-24,1%	4 352 295
Amortisation	BU	1 635 453	7,3%	1 524 380	-4,9%	1 603 593
Sub Total Stocks	Net	1 684 351	-5,3%	1 778 581	-35,3%	2 748 702

Advance payments to suppliers

		31/12/2011		31/12/2010		31/12/2009
Advance payments to suppliers	Net	729 104	-81,3%	3 904 265	2238,2%	166 977
Gross	BV	729 104	-81,3%	3 904 265	2238,2%	166 977
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2011		31/12/2010		31/12/2009
Trade accounts receivable	Net	17 640 305	492,7%	2 976 219	-11,6%	3 367 594
Gross	BX	22 444 409	190,0%	7 740 634	7,5%	7 200 100
Amortisation	BY	4 804 104	0,8%	4 764 415	24,3%	3 832 506
Other debtors	Net	877 053	249,8%	250 708	-71,2%	870 341
Gross	BZ	877 053	249,8%	250 708	-71,2%	870 341
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	18 517 358	473,8%	3 226 927	-23,9%	4 237 935

Divers

		31/12/2011		31/12/2010		31/12/2009
Investment securities	Net	8 563 135	29,5%	6 612 288	84,9%	3 576 025
Gross	CD	8 563 135	29,5%	6 612 288	84,9%	3 576 025
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	5 112 522	66,6%	3 068 722	73,7%	1 767 116
Gross	CF	5 112 522	66,6%	3 068 722	73,7%	1 767 116
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	13 675 657	41,3%	9 681 010	81,2%	5 343 141

Prepaid expenses

		31/12/2011		31/12/2010		31/12/2009
Prepaid expenses	Net	105 327	24,3%	84 751	-2,2%	86 648
Gross	CH	105 327	24,3%	84 751	-2,2%	86 648
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	374 571	1225,6%	28 256	371,6%	5 992
Gross		374 571	1225,6%	28 256	371,6%	5 992

References

		31/12/2011		31/12/2010		31/12/2009
Due within one year	CP	0	0%	0	0%	99 905
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to V)	EE	36 002 635	88,4%	19 111 007	46,7%	13 030 627

Shareholder Equity (I)

		31/12/2011		31/12/2010		31/12/2009
Total shareholders' equity (Total I)	DL	7 503 129	40,2%	5 351 062	5,8%	5 059 827
Equity and shareholders' equity	DA	1 632 816	0%	1 632 816	0%	1 632 816
Issue and merger premiums	DB	1 457 519	0%	1 457 519	0%	1 457 519
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	163 282	0%	163 282	0%	163 282
Statutory or contractual reserve	DE	0	0%	0	0%	0
Special regulated reserves	DF	273 326	0%	273 326	0%	273 326
Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
Other reserves	DG	0	0%	0	0%	0
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	1 007 711	-1,5%	1 022 629	23,5%	827 969
Profit or loss for the period	DI	2 968 475	270,4%	801 490	13,7%	704 915
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	1 582 941	228,7%	481 610	-59,6%	1 191 869
Risk provisions	DP	1 582 941	228,7%	481 610	-59,6%	1 191 869
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	26 724 679	101,6%	13 257 533	96,0%	6 762 870
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	264 409	-55,4%	593 165	6,0%	559 797
Sundry loans and financial liabilities	DV	0	0%	0	0%	0
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	3 751 020	-57,3%	8 786 995	408,0%	1 729 890
Trade accounts payables	DX	6 699 938	174,7%	2 438 886	-18,0%	2 973 830
Tax and social security liabilities	DY	1 967 501	124,1%	877 950	9,4%	802 695
Fixed asset liabilities	DZ	54 620	0%	0	0%	0
Other debts	EA	11 440 919	2469,0%	445 350	31,4%	338 920

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2009
Translation loss (Total V)	ED	191 886	822,4%	20 802	29,5%	16 061

Equalization accounts

		31/12/2011		31/12/2010		31/12/2009
Deferred income	EB	2 546 272	2110,6%	115 187	-67,8%	357 738

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	0	0%	4 210 538	-8,9%	4 619 435
Of which current bank facilities	EH	0	0%	179 620	7886,7%	2 249

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2011		31/12/2010		31/12/2009
Operating result (Total I-II)	GG	4 148 327	237,4%	1 229 378	30,0%	945 400

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	689 850	504,5%	114 115	-21,8%	145 909

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	4 133 267	207,7%	1 343 493	23,1%	1 091 309

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	-5 594	95,4%	-121 197	-344,8%	-27 247

Profit or loss

		31/12/2011		31/12/2010		31/12/2009
Profit or loss	HN	2 968 475	270,4%	801 490	13,7%	704 915

Total Income (I+III+V+VII)

		31/12/2011		31/12/2010		31/12/2009
Total Income (I+III+V+VII)	HL	48 712 675	152,3%	19 304 744	-17,2%	23 304 092

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	45 744 200	147,2%	18 503 254	-18,1%	22 599 175

Operating income (I)

		31/12/2011		31/12/2010		31/12/2009
Total operating income (Total I)	FR	47 221 188	148,2%	19 024 617	-17,4%	23 027 254

Operating income (details)

		31/12/2011		31/12/2010		31/12/2009
Sale of goods for resale	FC	30 823 185	87,4%	16 447 122	-20,5%	20 686 209
France	FA	784 299	-20,2%	982 558	-38,3%	1 593 539
Export	FB	30 038 886	94,2%	15 464 564	-19,0%	19 092 670
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	14 060 506	1193,4%	1 087 121	75,3%	620 285
France	FG	1 119 186	390,7%	228 073	-59,9%	568 275
Export	FH	12 941 320	1406,5%	859 048	1551,7%	52 010
Net turnover	FL	44 883 691	156,0%	17 534 243	-17,7%	21 306 494
France	FJ	1 903 485	57,2%	1 210 631	-44,0%	2 161 814
Export	FK	42 980 206	163,3%	16 323 612	-14,7%	19 144 680
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	800	-90,4%	8 350	182,3%	2 958
Release of reserves and provisions	FP	2 323 159	56,8%	1 482 021	-13,7%	1 717 802
Other income	FQ	13 538	451166,7%	03	0%	0

Operating charges (II)

		31/12/2011		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	43 072 861	142,0%	17 795 239	-19,4%	22 081 854

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
Purchase of goods for resale	FS	26 287 223	187,9%	9 130 271	-25,3%	12 228 259
Change in stocks of goods for resale	FT	-16 842	-101,6%	1 049 334	-14,1%	1 221 870
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	10 213 968	214,2%	3 251 005	-4,2%	3 393 903
Tax, duty and similar payments	FX	318 182	43,3%	221 978	-7,8%	240 743
Payroll	FY	1 845 611	13,8%	1 622 127	-5,3%	1 712 326
Social security costs	FZ	909 852	13,9%	798 854	-2,0%	814 855

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	227 987	270,4%	61 554	-3,0%	63 443
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	2 191 808	53,8%	1 425 415	0,4%	1 419 305
Provisions for risks and charges	GD	1 035 067	497,3%	173 303	-81,3%	929 082

Other charges

		31/12/2011		31/12/2010		31/12/2009
Other charges	GE	60 005	-2,3%	61 398	5,7%	58 068

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	225 757	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	930 667	0%	0	0%	0

Financial income (V)

		31/12/2011		31/12/2010		31/12/2009
Total financial income (Total V)	GP	1 265 730	352,4%	279 759	1,1%	276 838
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%	108	-98,5%	7 145
Released provisions and transferred charges	GM	28 256	523,3%	4 533	-94,6%	83 781
Exchange gains	GN	1 089 900	337,2%	249 310	70,3%	146 388
Net income from disposal of investment securities	GO	147 574	471,8%	25 808	-34,7%	39 524

Financial Charge (VI)

		31/12/2011		31/12/2010		31/12/2009
Total financial charge (Total VI)	GU	575 880	247,7%	165 644	26,5%	130 929
Financial reserves and provisions	GQ	374 571	1225,6%	28 257	523,4%	4 533
Interest and similar charges	GR	21 666	-27,5%	29 868	1,1%	29 553
Exchange losses	GS	179 643	67,1%	107 519	11,0%	96 843
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	0	0%	368	0%	0
Extraordinary operating income	HA	0	0%	0	0%	0
Extraordinary income from capital transactions	HB	0	0%	368	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	5 594	-95,4%	121 565	346,2%	27 247
Extraordinary operating charges	HE	5 594	-95,4%	121 197	344,8%	27 247
Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
Extraordinary reserves and provisions	HG	0	0%	368	0%	0

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2011		31/12/2010		31/12/2009
Tax on profits (Total X)	HK	1 159 198	175,5%	420 806	17,2%	359 145

References

		31/12/2011		31/12/2010		31/12/2009
Of which equipment leases	HP	0	0%	83 747	-24,9%	111 571
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	2 016	-96,6%	60 000
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	OG	0	0%	0	0%	0
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	97 151	0%	0	0%	0
Gross value at the end of period	OL	1 498 142	0%	0	0%	0

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	199 893	0%	0	0%	0
Increases due to revaluation	KE	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KF	15 091	0%	0	0%	0
Decreases by budget item transfer	LV1	0	0%	0	0%	0
Decreases by transfers	LV2	13 910	0%	0	0%	0
Gross value at the end of period	LW	201 074	0%	0	0%	0

Tangible fixed assets (Total III)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LN	669 193	0%	0	0%	0
Increases due to revaluation	LO	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LP	711 316	0%	0	0%	0
Decreases by budget item transfer	NG1	0	0%	0	0%	0
Decreases by transfers	NG2	83 241	0%	0	0%	0
Gross value at the end of period	NH	1 297 068	0%	0	0%	0

Financial assets (Total IV)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LQ	0	0%	0	0%	0
Increases due to revaluation	LR	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LS	0	0%	0	0%	0
Decreases by budget item transfer	NJ1	0	0%	0	0%	0
Decreases by transfers	NJ2	0	0%	0	0%	0
Gross value at the end of period	NK	0	0%	0	0%	0

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	130 210	0%	0	0%	0
Increases		PF	17 443	0%	0	0%	0
Decreases		PG	13 911	0%	0	0%	0
	Decreases by budget item transfer	PH	133 742	0%	0	0%	0

Total fixed assets amortisation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	QU	562 217	0%	0	0%	0
Increases		QV	210 428	0%	0	0%	0
Decreases		QW	83 125	0%	0	0%	0
	Decreases by budget item transfer	QX	689 520	0%	0	0%	0

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	0	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	0

Includes Total allocations

Operating	UE	0	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2011		31/12/2010		31/12/2009
	Value at 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	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/12/2011		31/12/2010		31/12/2009
Gross value	VT	0	0%	0	0%	0
1 year at most	VU	0	0%	0	0%	0
More than one year	VV	0	0%	0	0%	0

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	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2011		31/12/2010		31/12/2009
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	0

Prepaid

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

State Debt

			31/12/2011		31/12/2010		31/12/2009
	Total debt (gross)	VY	0	0%	0	0%	0
1 year at most		VZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2011		31/12/2010		31/12/2009
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	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	0	0%	0	0%	0
1 year at most		8B2	0	0%	0	0%	0
More than 1 year and 5 years at most		8B3	0	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0	0%	0
1 year at most		8D2	0	0%	0	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	0
1 year at most		VQ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	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	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

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

Table allocation results and other information
Dividends distributed

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

Commitments

		31/12/2011		31/12/2010		31/12/2009
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2011		31/12/2010		31/12/2009
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2011		31/12/2010		31/12/2009
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2011		31/12/2010		31/12/2009
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/12/2011		31/12/2010		31/12/2009
Average number of employees	YP	29	-3,3%	30	0%	0

Groups and Shareholders

		31/12/2011		31/12/2010		31/12/2009
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Fixed Asset Financing	5,85	-7,3%	6,31	-8,9%	6,93	3,08	89,9%
Global Debt	214 days	-21,3%	272 days	138,6%	114 days	106 days	101,9%
Working Capital Fund overall net	68 days	-43,3%	120 days	11,1%	108 days	72 days	-5,6%
Financial independence	2837,70%	214,6%	902,12%	-0,2%	903,87%	778,39%	264,6%
More ratios
Solvability	20,84%	-25,6%	28%	-27,9%	38,83%	38,88%	-46,4%
Capacity debt futures	%	-	%	-	%	2162,78%	-
Coverage of current assets by net working capital overall	17%	-8,3%	18,54%	-37,4%	29,61%	44,14%	-61,5%
General Liquidity		-		-		0,88	-
Restricted Liquidity		-		-		1,29	-

Management or rotation

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Need background in operating working capital	-24 days	68,0%	-75 days	-440,9%	22 days	33 days	-172,7%
Treasury	110 days	-43,6%	195 days	116,7%	90 days	17 days	547,1%
Inventory turnover of goods	45 days	-61,5%	117 days	0,9%	116 days	52 days	-13,5%
Average length of credit granted to customers	180 days	13,2%	159 days	30,3%	122 days	71 days	153,5%
Average length of credit obtained suppliers	66 days	1,5%	65 days	1,6%	64 days	64 days	3,1%
More ratios
Inventory turnover of raw materials in industrial enterprises	0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	1116 days	-
Rotation tangible assets	3460,40%	-	%	-	%	1594,61%	117,0%

Profitability of the business

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Margin trading	10,14%	-71,6%	35,74%	5,2%	33,96	26,97%	-62,4%
Profitability of the business	11,87	41,6%	8,38	5,1%	7,97	4,71%	152,0%
Net profit	6,61%	44,6%	4,57%	38,1%	3,31%	2,98%	121,8%
More ratios
Growth rate of turnover (excluding VAT)	155,98%	981,2%	-17,70%	60,0%	-44,30%	8,09%	1828,1%
Rates integration	18,71%	-20,0%	23,40%	11,7%	20,94%	25,02%	-25,2%
Rate leasing furniture	0%	0%	0,48%	-7,7%	0,52%	0%	0%
Work Factor	32,81%	-44,4%	59%	4,2%	56,63%	71,60%	-54,2%
Weight interests	1,28	36,2%	0,94%	54,1%	0,61%	0,17%	652,9%

Return on capital

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Cash flow from the overall profitability	7,96%	56,7%	5,08%	39,9%	3,63%	3,65%	118,1%
Rates of economic profitability	69%	176,0%	25%	-16,7%	30%	18%	283,3%
Financial profitability	7503129%	40,2%	5351062%	5,8%	5059827%	147747%	4978,4%
Return on investment	45,63%	180,5%	16,27%	9,4%	14,87%	13,05%	249,7%

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	44 883 691	156,0%	17 534 243	-17,7%	21 306 494	833 917 €	5282,3%

Sales of goods	30 823 185	87,4%	16 447 122	-20,5%	20 686 209
- Purchase of goods	26 287 223	187,9%	9 130 271	-25,3%	12 228 259
+/- Stock of goods variation	-16 842	-101,6%	1 049 334	-14,1%	1 221 870
Trading margin	4 552 804 €	-27,4%	6 267 517 €	-13,4%	7 236 080 €	178 341 €	2452,9%
	10,14 % CA	-71,6%	35,74 % CA	5,2%	33,96 % CA	27,70 % CA	-63,4%

Sale of goods produced	14 060 506	1193,4%	1 087 121	75,3%	620 285
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	14 060 506 €	1193,4%	1 087 121 €	75,3%	620 285 €	70 821 €	19753,6%
	31,33 % CA	405,3%	6,20 % CA	113,1%	2,91 % CA	9,69 % CA	223,3%

Trading margin	4 552 804	-27,4%	6 267 517	-13,4%	7 236 080	178 341	2452,9%
+ Period Production	14 060 506	1193,4%	1 087 121	75,3%	620 285	70 821	19753,6%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	10 213 968	214,2%	3 251 005	-4,2%	3 393 903
Added value	8 399 342 €	104,7%	4 103 633 €	-8,0%	4 462 462 €	215 728 €	3793,5%
	18,71 % CA	-20,0%	23,40 % CA	11,7%	20,94 % CA	25,02 % CA	-25,2%

Added value	8 399 342 €	104,7%	4 103 633 €	-8,0%	4 462 462 €	215 728 €	3793,5%
+ Operating grants	800	-90,4%	8 350	182,3%	2 958
- Tax, duty and similar payments	318 182	43,3%	221 978	-7,8%	240 743
- Personal charges	2 755 463	13,8%	2 420 981	-4,2%	2 527 181
Gross operating surplus	5 326 497 €	262,6%	1 469 024 €	-13,5%	1 697 496 €	36 301 €	14573,1%
	11,87 % CA	41,6%	8,38 % CA	5,1%	7,97 % CA	4,71 % CA	152,0%

Gross operating surplus	5 326 497 €	262,6%	1 469 024 €	-13,5%	1 697 496 €	36 301 €	14573,1%
+ Release of reserves and provisions	2 323 159	56,8%	1 482 021	-13,7%	1 717 802
+ Other operating income	13 538	451166,7%	03	0%	0
- Depreciation/Amortisation	3 454 862	108,1%	1 660 272	-31,2%	2 411 830
- Other charges	60 005	-2,3%	61 398	5,7%	58 068
Operating result	4 148 327 €	237,4%	1 229 378 €	30,0%	945 400 €	29 853 €	13795,8%
	9,24 % CA	31,8%	7,01 % CA	57,9%	4,44 % CA	3,79 % CA	143,8%

Operating result	4 148 327 €	237,4%	1 229 378 €	30,0%	945 400 €	29 853 €	13795,8%
+/- Result of joint-venture transferred from/to other partners	-704 910	0%	0	0%	0
+ Financial income	1 265 730	352,4%	279 759	1,1%	276 838
- Financial charges	575 880	247,7%	165 644	26,5%	130 929
Pre-tax result	5 543 087 €	312,6%	1 343 493 €	23,1%	1 091 309 €	28 285 €	19497,3%
	12,35 % CA	61,2%	7,66 % CA	49,6%	5,12 % CA	3,69 % CA	234,7%

Extraordinary income	0	0%	368	0%	0	209	0%
- Extraordinary charges	5 594	-95,4%	121 565	346,2%	27 247
Extraordinary result	-5 594 €	95,4%	-121 197 €	-344,8%	-27 247 €	0 €	0%
	-0,01 % CA	98,6%	-0,69 % CA	-430,8%	0 % CA	0 % CA	0%

Pre-tax result	5 543 087 €	312,6%	1 343 493 €	23,1%	1 091 309 €	28 285 €	19497,3%
Extraordinary result	-5 594 €	95,4%	-121 197 €	-344,8%	-27 247 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	1 159 198	175,5%	420 806	17,2%	359 145
Net result	4 378 295 €	446,3%	801 490 €	13,7%	704 917 €	24 641 €	17668,3%
	9,75 % CA	113,3%	4,57 % CA	38,1%	3,31 % CA	2,98 % CA	227,2%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)
RCS Registration	RCS Evry 0 380 330 571	Share capital	1,632,816 Euros
Registration Court	Evry (78)	Legal form	Public limited company with board of directors
Court Registry Number	20 0 1B002	EUR VAT Number	FR28380330571
Incorporation Date	12/1990	Formation Date	12/1990
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Acronym	CIM
Activity (APE)	Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)	Business Pages FT®
Postal Address	COMPAGNIE INTERNATIONALE DE MAINTENANC 55 RUE DU BOIS CHALAND 91090 LISSES	Trading Address	55 RUE DU BOIS CHALAND 91090 LISSES
Telephone	01 69 11 93 33
Fax	01 69 11 93 30

Type	Head office (one site company)	Status	Economically active
Formation Date	12/2000	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Essonne (91)	Region	Ile-de-France
District	2	Area	10
City	LISSES	Size of urban area	Paris conglomeration

Other establishments

Branches	1 branch entities in this company
Head office	> COMPAGNIE INTERNATIONALE DE MAINTENANC <<<  - Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (4669B)  in LISSES  (91090)
Secondary establishments

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

20 to 49 employees

Company workforce

20 to 49 employees

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
20/07/2012	Bodacc C	Comptes annuels et rapports
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'ÉVRY 12024 - 380330571 RCS. COMPAGNIE INTERNATIONALE DE MAINTENANCE - C. I. M.. Forme : Société anonyme. Adresse : 55 rue du Bois Chaland 91090 Lisses. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
26/05/2011	Bodacc B	Modification et mutation diverse
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'ÉVRY 1482 - 380 330 571 RCS Evry. COMPAGNIE INTERNATIONALE DE MAINTENANCE - C. I. M. Forme : Société anonyme. Administration : Administrateur : DE DEMANDOLX Pierre modification le 05 Mai 2011 Commissaire aux comptes titulaire : ERNST AND YOUNG AUDIT modification le 19 Septembre 1997 Administrateur : FAIVELEY TRANSPORT AMIENS représenté par LEROUX Lilian Mathieu modification le 05 Mai 2011 Administrateur : MAILLART Jean Francois modification le 26 Juillet 2007 Administrateur : GARDES Noel en fonction le 05 Février 2001 Président directeur général et administrateur : LOVAMBAC Alain modification le 26 Juillet 2007 Administrateur : AUGER Jean-Pierre Ernest Louis en fonction le 04 Novembre 2005 Commissaire aux comptes suppléant : AUDITEX en fonction le 11 Juin 2007. Activité : . Commentaires : Modification de représentant.
28/06/2010	Bodacc C	Comptes annuels et rapports
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'ÉVRY 10226 - 380330571 RCS. COMPAGNIE INTERNATIONALE DE MAINTENANCE - C. I. M.. Forme : Société anonyme. Adresse : 55 rue du Bois Chaland 91090 Lisses. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
10/11/2009	Bodacc B	Modification et mutation diverse
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'EVRY 1069 - 380 330 571 RCS Evry. COMPAGNIE INTERNATIONALE DE MAINTENANCE - C. I. M. Forme : Société anonyme. Administration : Administrateur : DE DEMANDOLX Pierre modification le 19 Septembre 1997 Commissaire aux comptes titulaire : ERNST AND YOUNG AUDIT modification le 19 Septembre 1997 Administrateur : FAIVELEY TRANSPORT AMIENS représenté par JOYEUX Robert Charles René modification le 04 Novembre 2005 Administrateur : MAILLART Jean Francois modification le 26 Juillet 2007 Administrateur : GARDES Noel en fonction le 05 Février 2001 Président directeur général et administrateur : LOVAMBAC Alain modification le 26 Juillet 2007 Administrateur : AUGER Jean-Pierre Ernest Louis en fonction le 04 Novembre 2005 Commissaire aux comptes suppléant : AUDITEX en fonction le 11 Juin 2007. Commentaires : Modification de représentant.
01/07/2009	Bodacc C	Comptes annuels et rapports
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'EVRY 10870 - 380330571 RCS. COMPAGNIE INTERNATIONALE DE MAINTENANCE - C. I. M.. Forme : Société anonyme. Adresse : 55 rue du Bois Chaland 91090 Lisses. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
15/06/2008	Bodacc C	Comptes annuels et rapports
91 - ESSONNE GREFFE DU TRIBUNAL DE COMMERCE D'EVRY 8444 - 380330571 RCS. COMPAGNIE INTERNATIONALE DE MAINTENANCE - C. I. M.. Forme : Société anonyme. Adresse : 55 rue du Bois Chaland 91090 Lisses. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
31/08/2007	Bodacc B	Modifications et mutations diverses
1135 - RCS Evry B 380 330 571. RC 01-B 263. COMPAGNIE INTERNATIONALE DE MAINTENANCE-C.I.M. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification d'un administrateur : MAILLART (Jean, François). Modification du P.-D.G. et administrateur : LOVAMBAC (Alain).
29/08/2007	Bodacc B	Modifications et mutations diverses
1835 - RCS Evry B 380 330 571. RC 01-B 263. COMPAGNIE INTERNATIONALE DE MAINTENANCE-C.I.M. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification d'un directeur général délégué et administrateur : LOVAMBAC (Alain). Administrateur partant : STARDEUX, représentée par LOVAMBAC (Alain).
03/07/2007	Bodacc B	Modifications et mutations diverses
2113 - RCS Evry B 380 330 571. RC 01-B 263. COMPAGNIE INTERNATIONALE DE MAINTENANCE-C.I.M. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes suppléant partant : ROLLAND (Alain). Nomination d'un commissaire aux comptes suppléant : AUDITEX.
23/06/2007	Bodacc C	Avis de dépôt des comptes
5183 - Evry B 380 330 571. RC 01-B 263. COMPAGNIE INTERNATIONALE DE MAINTENANCE C.I.M.. Forme: S.A. Adresse du siège social: 55, rue du Bois Chaland,91090 Lisses. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
21/07/2006	Bodacc C	Avis de dépôt des comptes
2457 - RCS Evry B 380 330 571. RC 01-B 263. COMPAGNIE INTERNATIONALE DE MAINTENANCE C.I.M.. Forme: S.A. Adresse du siège social: 55, rue du Bois Chaland,91090 Lisses. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
25/11/2005	Bodacc B	Modifications et mutations diverses
1245 - RCS Evry B 380 330 571. RC 01-B 263. COMPAGNIE INTERNATIONALE DE MAINTENANCE-C.I.M. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification d'un administrateur : FAIVELEY TRANSPORT AMIENS, représentée par JOYEUX (Robert, Charles, René). Nomination d'un administrateur : AUGER (Jean-Pierre, Ernest, Louis).
21/06/2005	Bodacc C	Avis de dépôt des comptes
3259 - RCS Evry B 380 330 571. RC 01-B 263. COMPAGNIE INTERNATIONALE DE MAINTENANCE C.I.M.. Forme: S.A. Adresse du siège social: 55, rue du Bois Chaland,91090 Lisses. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
24/07/2003	Bodacc B	Modifications et mutations diverses
RCS Evry B 380330571 RC 01-B 263 COMPAGNIE INTERNATIONALE DE MAINTENANCE- C.I.M. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes suppléant partant : DE CHASTELLUX (Christian). Nomination d'un commissaire aux comptes suppléant : ROLLAND (Alain).
26/04/2002	Bodacc A	Création d'établissement
RCS B 380330571 RC AP-B 841 COMPAGNIE INTERNATIONALE DE MAINTENANCE-C.I.M. Forme : S.A. Capital : 1 632 816 euros. Adresse du siège social : 55 rue du Bois- Chaland, 91029 Evry Cedex Etablissement principal: Activité : fabrication et montage d'accouplements de freins. Adresse : 74 avenue du Centenaire, 94210 La Varenne-Saint-Hilaire Etablissement principal acquis par achat au prix stipulé de 200 000 F. Date d'effet : 12 octobre 2001. Précédent propriétaire : SEPAV. RCS 702006123 Publication légale: Journal spécial des sociétés françaises par actions du 9 avril 2002. Oppositions : au fonds pour la validité et pour la correspondance.
14/06/2001	Bodacc B	Modifications et mutations diverses
RCS Evry B 380330571 RC 01-B 263 COMPAGNIE INTERNATIONALE DE MAINTENANCE- C.I.M. Forme : S.A. Capital : 1 632 816 euros. Commentaires : modification survenue sur le capital (augmentation).
18/02/2001	Bodacc B	Modifications et mutations diverses
RCS Evry B 380330571 RC 01-B 263 COMPAGNIE INTERNATIONALE DE MAINTENANCE- C.I.M. Forme : S.A. Capital : 10 205 100 F. Activité : toutes prestations de services et toutes activités se rapportant, directement ou indirectement, à la construction, à la transformation, à l'entretien, à la vente, à la location et au financement de tous matériel ou produits. Adresse du siège social : 55 rue du Bois-Chaland, 91090 Lisses. Administration : président du conseil d'administration : MAILLART ( Jean, François). Directeur général : LOVAMBAC (Alain). Administrateurs : DE DEMANDOLX (Pierre) S.A.B. WABCO S.A., représentée par ROCHER (Joel) GARDES ( Noel) ROSSI (Serge) STARDEUX, représentée par LOVAMBAC (Alain). Commissaire aux comptes titulaire : ERNST AND YOUNG AUDIT. Commissaire aux comptes suppléant : DE CHASTELLUX ( Christian). Commentaires : cette société transfère son siège du 87 avenue de l' Aérodrome, 94310 Orly. Date d'effet : 21 décembre 2000.
07/10/1997	Bodacc B	Modifications et mutations diverses
RCS Créteil B 380 330 571 RC 90-B 3735 COMPAGNIE INTERNATIONALE DE MAINTENANCE- C.I.M. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : nomination du président du conseil d' administration : MAILLART (Jean, François). Nomination du directeur général : LOVAMBAC (Alain). Administrateur partant : IMMOBILIERE ET FINANCIERE C.I.M. Nomination d' administrateurs : GARDES (Noel) ROSSI (Serge) STARDEUX. Modification d'un administrateur : DE DEMANDOLX (Pierre). Administrateurs partants : COMINDUS W. PARTICIPATIONS. Modification du commissaire aux comptes titulaire : ERNST AND YOUNG AUDIT. Modification du commissaire aux comptes suppléant : DE CHASTELLUX (Christian).
30/11/1995	Bodacc B	Modifications et mutations diverses
RCS *. RCS Créteil B 380 330 571 RC RC 90-B 3735 COMPAGNIE INTERNATIONALE DE MAINTENANCE - C.I.M. Forme : S.A. Administration : président-directeur général : DE DEMANDOLX (Pierre) Administrateurs : WORMS ET COMPAGNIE PARTICIPATIONS IMMOBILIERE ET FINANCIERE C.I.M. SAB WABCO S.A. COMINDUS. Commissaire aux comptes titulaire : CABINET H.S.D. CASTEL JACQUET. Commissaire aux comptes suppléant : DE CHASTELLUX (Christian). Commentaires : modification survenue sur l'administration.
08/10/1995	Bodacc B	Modifications et mutations diverses
RCS Créteil B 380 330 571 RC 90-B 3735 COMPAGNIE INTERNATIONALE DE MAINTENANCE- C.I.M. Forme : S.A. Administration : P.-D.G. DE DEMANDOLX (Pierre). Administrateurs : STE SOPI WORMS ET COMPAGNIE PARTICIPATIONS IMMOBILIERE ET FINANCIERE CIM SAB WABCO S.A. Commissaire aux comptes titulaire : CABINET H.S.D. CASTEL JACQUET. Commissaire aux comptes suppléant : DE CHASTELLUX (Christian). Commentaires : modification survenue sur l' administration.
17/09/1995	Bodacc B	Modifications et mutations diverses
RCS Créteil B 380 330 571 RC 90-B 3735 COMPAGNIE INTERNATIONALE DE MAINTENANCE- C.I.M. Forme : S.A. Capital : 10 205 100 F. Administration : P.-D.G. : DE DEMANDOLX ( Pierre). Administrateurs : STE SOPI WORMS ET COMPAGNIE PARTICIPATIONS IMMOBILIERE ET FINANCIERE-C.I.M. SAB WABCO S.A. Commissaire aux comptes titulaire : CABINET H.S.D. CASTEL JACQUET. Commissaire aux comptes suppléant : DE CHASTELLUX (Christian). Commentaires : modification survenue sur le capital et l'administration.

COMPANY EVENTS HISTORY

Date	Description
20/07/2012	Bodacc C : Deposit accounts notice
14/07/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/06/2012	Minutes of general meeting of shareholders
18/06/2012	Updated articles of association
31/12/2011	New accounts available
02/09/2011	Disengagement of the group
26/07/2011	Bodacc C : Deposit accounts notice
06/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
26/05/2011	Bodacc B: Various editing or changing
05/05/2011	Private document
05/05/2011	Appointment/resignation of company officers
11/02/2011	Collection of preferential rights activated for this company
04/02/2011	New subsidiarie(s) detected
31/12/2010	New accounts available
28/06/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
10/11/2009	Bodacc B: Various editing or changing
30/10/2009	Amendment
01/07/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
15/06/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
26/07/2007	Appointment/resignation of company officers
26/07/2007	Acte modificatif
26/07/2007	Changement de Président (PDG, PCA)
26/07/2007	Private document
26/07/2007	Changes to the Board of Directors
26/07/2007	Minutes of Board meeting
26/07/2007	New chairman (CEO, CoB)
25/07/2007	Minutes of Board meeting
25/07/2007	Nomination/démission des organes de gestion
25/07/2007	Private document
25/07/2007	Changes to the Board of Directors
25/07/2007	Appointment/resignation of company officers
25/07/2007	Acte modificatif
11/06/2007	Changement de Commissaire aux Comptes
11/06/2007	Minutes of general meeting of shareholders
11/06/2007	PV d'Assemblée
11/06/2007	Appointment/resignation of company officers
11/06/2007	Private document
11/06/2007	New auditor
31/12/2006	New accounts available
31/12/2005	New accounts available
04/11/2005	Changes to the Board of Directors
04/11/2005	Acte sous seing privé
04/11/2005	Private document
04/11/2005	Appointment/resignation of company officers
04/11/2005	Minutes of general meeting of shareholders
04/11/2005	Acte modificatif
04/11/2005	Modification du Conseil d'Administration
04/11/2005	Nomination/démission des organes de gestion
31/12/2004	New accounts available
02/07/2004	Private document
02/07/2004	Minutes of general meeting of shareholders
02/07/2004	Statuts mis à jour
02/07/2004	Updated articles of association
02/07/2004	Acte sous seing privé
02/07/2004	PV d'Assemblée
31/12/2003	New accounts available
11/07/2003	Acte sous seing privé
11/07/2003	Nomination/démission des organes de gestion
11/07/2003	PV d'Assemblée
11/07/2003	Changement de Commissaire aux Comptes
11/07/2003	Acte modificatif
25/06/2001	Statuts mis à jour
25/06/2001	Acte sous seing privé
25/06/2001	Immatriculation suite à transfert
25/06/2001	Transfert du Siège dans le ressort du Tribunal de Commerce
25/06/2001	PV d'Assemblée
30/05/2001	Acte sous seing privé
30/05/2001	Acte modificatif
30/05/2001	Augmentation de Capital
30/05/2001	Conversion du Capital Social en Euros
30/05/2001	Statuts mis à jour
30/05/2001	PV du Conseil d'Administration
05/02/2001	Transfert du Siège dans le ressort du Tribunal de Commerce
05/02/2001	Statuts mis à jour
05/02/2001	Acte modificatif
05/02/2001	PV du Conseil d'Administration
05/02/2001	Immatriculation suite à transfert
05/02/2001	Acte sous seing privé
08/09/1999	Nomination/démission des organes de gestion
08/09/1999	Acte modificatif
08/09/1999	Acte sous seing privé
12/01/1999	Fusion
12/01/1999	Acte modificatif
12/01/1999	Rapport des Commissaires ou du Gérant
12/01/1999	Statuts mis à jour
12/01/1999	PV d'Assemblée
12/01/1999	Déclaration de conformité
12/01/1999	Acte sous seing privé
10/11/1998	Acte sous seing privé
10/11/1998	Rapport des Commissaires ou du Gérant
08/09/1998	Requête et Ordonnance
08/09/1998	Acte modificatif
08/09/1998	Nomination/démission des organes de gestion
17/09/1997	Acte sous seing privé
17/09/1997	Changement de Président (PDG, PCA)
17/09/1997	Modification du Conseil d'Administration
17/09/1997	Acte modificatif
17/09/1997	PV du Conseil d'Administration
17/09/1997	PV d'Assemblée
17/09/1997	Nomination/démission des organes de gestion
14/11/1996	Nomination/démission des organes de gestion
14/11/1996	Acte sous seing privé
14/11/1996	Acte modificatif
20/06/1996	PV d'Assemblée
20/06/1996	Nomination/démission des organes de gestion
20/06/1996	Acte modificatif
20/06/1996	Modification du Conseil d'Administration
13/11/1995	Acte modificatif
13/11/1995	Modification du Conseil d'Administration
13/11/1995	PV du Conseil d'Administration
13/11/1995	Nomination/démission des organes de gestion
21/09/1995	Nomination/démission des organes de gestion
21/09/1995	Acte modificatif
31/08/1995	Statuts mis à jour
31/08/1995	Modification du Conseil d'Administration
31/08/1995	PV d'Assemblée
31/08/1995	Fusion
31/08/1995	Déclaration de conformité
31/08/1995	Nomination/démission des organes de gestion
31/08/1995	Acte modificatif
13/06/1995	Acte modificatif
13/06/1995	Bilan de clôture ou de liquidation
06/06/1995	Acte modificatif
23/02/1995	Acte modificatif
23/02/1995	Requête et Ordonnance
09/03/1994	Acte modificatif
09/03/1994	Requête et Ordonnance
11/03/1993	Nomination/démission des organes de gestion
11/03/1993	Acte modificatif
30/11/1992	Acte modificatif
30/11/1992	Statuts mis à jour
30/11/1992	Changement de dénomination sociale
30/11/1992	Déclaration de conformité
30/11/1992	Augmentation de Capital
30/11/1992	PV d'Assemblée
22/10/1992	Rapport des Commissaires ou du Gérant
22/10/1992	Acte modificatif
07/10/1992	Nomination/démission des organes de gestion
07/10/1992	Acte modificatif
07/10/1992	Acte sous seing privé

ESTABLISHMENT EVENTS HISTORY

Date	Description
14/07/2012	Update Limit
06/07/2011	Update Limit
06/05/2011	Update Rating
10/06/2010	Update Limit
29/12/2009	Update Rating
03/11/2009	Update Rating
29/06/2009	Update Limit
29/06/2009	Update Rating
16/06/2008	Update Rating
16/06/2008	Update Limit
16/12/2007	Update Limit
10/12/2007	Update Limit
09/12/2007	Update Limit
05/09/2007	Update Rating
26/06/2007	Update Limit
26/06/2007	Update Rating

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.10
UK Pound	1	Rs.85.13
Euro	1	Rs.72.80

INFORMATION DETAILS

Report Prepared by :

PRL

RATING EXPLANATIONS

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

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

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

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

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

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