MIRA INFORM REPORT

Report Date :

28.04.2014

IDENTIFICATION DETAILS

Name :	TROPIMCO
Registered Office :	14 Rue Lalo, 75116 Paris
Country :	France
Financials (as on) :	30.06.2013
Date of Incorporation :	May 1981
Com. Reg. No.:	RCS Paris 8 321 723 553
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesale trader of various specialized food (We tried to confirm / obtain the detailed activity but the same is not available from any sources)
No of Employees :	03 (30.06.2013)

RATING & COMMENTS

MIRA’s Rating :	B
	With financial

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

Status :	Moderate
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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 82 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 mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

Source : CIA

company summary

Name

TROPIMCO

SIRET

321 723 553 00038

		EUR VAT Number	FR10321723553
Activity (APE)	Wholesale trader of various specialized food	Legal form	Simplified Joint Stock Company
Phone	01 45 02 18 01	RCS Registration	RCS Paris 8 321 723 553
Fax	01 45 02 18 11	Share capital	40,000 Euros
Address	TROPIMCO 14 RUE LALO 75116 PARIS	Incorporated Date	06/1981
Nationality	France	Status	Economically active

This company is not under monitoring

Current Directors

1

Trading to Date	06/30/2013	06/30/2012	06/30/2011
Turnover	2,894,299 €	2,430,282 €	2,551,178 €
Gross Operating Surplus	1,58 % Turnover	1,35 % Turnover	2,29 % Turnover
Shareholders’ equity	108,425 €	138,973 €	207,332 €
Net result	21,252 €	9,341 €	33,580 €
Employees	3 to 5 employees	-	-

Trends
Profitability
Liquidity
Net worth

Company details

Activity (APE)	Wholesale trader of various specialized food
RCS Registration	RCS Paris 8 321 723 553	Share capital	40,000 Euros
Registration Court	Paris (75)	Legal form	Simplified joint stock company
Court Registry Number	19 8 1B04835	EUR VAT Number	FR10321723553
Incorporation Date	06/1981	Formation Date	05/1981
Deregistration Date		Last account Date	30/06/2013
Nationality	France

Establishment details

Activity (APE)	Wholesale trader of various specialized food	Business Pages FT®	FABRICATION DE BOISSONS NON ALCOOLISEES
Postal Address	TROPIMCO  14 RUE LALO  75116 PARIS	Trading Address	14 RUE LALO  75116 PARIS 16
Telephone	01 45 02 18 01
Fax	01 45 02 18 11

Type	Head office	Status	Economically active
Formation Date	01/1996	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Paris (75)	Region	Ile-de-France
District	1	Area	99
City	PARIS 16	Size of urban area	Paris conglomeration

Other establishments

Branches	2 branch entities in this company
Head office	> TROPIMCO <<<  - Commerce de gros (commerce interentreprises) alimentaire spécialisé divers (4638B)  in PARIS 16  (75116)
Secondary establishments	>  TROPIMCO  - Commerce de gros (commerce interentreprises) alimentaire spécialisé divers (4638B)  in BILLY  (41130)

Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce 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	30/06/2013	30/06/2012	30/06/2011
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	21/02/2014	14/03/2013	06/02/2012
Activity Code	4638B	4638B	4638B
Employees	3	0	3

Active account

Annual Accounts	30/06/2013		30/06/2012		30/06/2011	Sector Median2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	43 921	-24,3%	58 015	-7,4%	62 683	52 714	-16,7%
- Intangible assets	0	0%	265	-53,1%	565	911	0%
- Tangible assets	41 756	-24,8%	55 525	-7,3%	59 893	14 178	194,5%
- Financial assets	2 165	-2,7%	2 225	0%	2 225	1 600	35,3%
Net current assets	744 567	-38,8%	1 216 870	123,4%	544 679	285 528	160,8%
- Stocks	191 833	-61,7%	500 959	1561,2%	30 156	51 489	272,6%
- Advanced payments	0	-38,8%	0	0%	0	0	0%
- Receivables	394 652	-8,7%	432 118	192,1%	147 927	114 961	243,3%
- Securities and cash	158 082	-44,3%	283 793	-22,6%	366 596	53 069	197,9%
- Prepaid expenses	-	-	-	-	-	694	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	788 488	-38,2%	1 274 885	109,9%	607 360	392 504	100,9%

Passive Account

Annual Accounts	30/06/2013		30/06/2012		30/06/2011	Sector Median2013
Shareholders' equity	108 425	-22,0%	138 973	-33,0%	207 332	140 212	-22,7%
Share capital	40 000	0%	40 000	0%	40 000	20 000	100%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	680 063	-40,1%	1 135 912	184,0%	400 028	221 037	207,7%
- Financial liabilities	36 819	-33,1%	55 048	-13,8%	63 891	32 899	11,9%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	549 412	-45,1%	1 000 006	254,1%	282 439	82 874	562,9%
- Tax and social liabilities	93 832	16,0%	80 858	50,6%	53 698	50 034	87,5%
- Other debts and fixed assets liabilities	0	0%	0	0%	0	4 305	0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	788 488	-38,2%	1 274 885	109,9%	607 360	392 503	100,9%

Results

Annual Accounts	30/06/2013		30/06/2012		30/06/2011	Sector Median2013
Sales of Goods	2 894 299	19,1%	2 430 282	-4,8%	2 552 300	984 127	194,1%
Net turnover	2 894 299	19,1%	2 430 282	-4,7%	2 551 178	984 121	194,1%
- of which net export turnover	0	0%	0	0%	0	0	0%
Operating charges	2 863 242	18,7%	2 412 305	-3,8%	2 507 400	902 570	217,2%
Operating profit/loss	31 056	72,8%	17 977	-60,0%	44 900	18 796	65,2%
Financial income	71	-93,8%	1 142	-38,0%	1 841	100	-29,0%
Financial charges	4 121	14,7%	3 594	-58,8%	8 726	1 158	255,9%
Financial profit/loss	-4 050	-65,2%	-2 452	64,4%	-6 885	-303	-1236,6%
Pretax net operating income	27 007	74,0%	15 525	-59,2%	38 015	16 497	63,7%
Extraordinary income	0	0%	49 000	25,6%	39 000	16	0%
Extraordinary charges	0	0%	51 786	71,4%	30 220	270	0%
Extraordinary profit/loss	0	0%	-2 786	-131,7%	8 780	0	0%
Net result	21 252	127,5%	9 341	-72,2%	33 580	15 635	35,9%

Normal Account		30/06/2013	30/06/2012	30/06/2011
	Months	12	12	12

Accounts - Active 
Current Assets | Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			30/06/2013		30/06/2012		30/06/2011
	Grand Total (I to VI)	Net	788 488	-38,2%	1 274 885	109,9%	607 360
	Gross	CO	836 471	-36,1%	1 308 191	106,0%	634 911
	Amortisation	1A	47 984	44,1%	33 306	20,9%	27 551

Non declared distributed capital (I)

		30/06/2013		30/06/2012		30/06/2011
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			30/06/2013		30/06/2012		30/06/2011
	Total Active fixed asset (II)	Net	43 921	-24,3%	58 015	-7,4%	62 683
	Gross	BJ	91 904	0,6%	91 320	1,2%	90 234
	Amortisation	BK	47 983	44,1%	33 305	20,9%	27 551

Intangible fixed assets

			30/06/2013		30/06/2012		30/06/2011
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	265	-53,1%	565
	Gross	AF	599	0%	599	-16,3%	716
	Amortisation	AG	599	79,3%	334	121,2%	151
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	0	0%	265	-53,1%	565

Tangible fixed assets

			30/06/2013		30/06/2012		30/06/2011
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	1 015	-34,3%	1 545	-25,5%	2 075
	Gross	AP	5 301	0%	5 301	0%	5 301
	Amortisation	AQ	4 286	14,1%	3 756	16,4%	3 226
	Plant	Net	0	0%	0	0%	0
	Gross	AR	0	0%	0	0%	1 057
	Amortisation	AS	0	0%	0	0%	1 057
	Other tangible fixed assets	Net	40 741	-24,5%	53 980	-6,6%	57 818
	Gross	AT	83 839	0,8%	83 195	2,8%	80 935
	Amortisation	AU	43 098	47,5%	29 215	26,4%	23 117
	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	41 756		55 525		59 893

Financial assets

			30/06/2013		30/06/2012		30/06/2011
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	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	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	2 165	-2,7%	2 225	0%	2 225
	Gross	BH	2 165	-2,7%	2 225	0%	2 225
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		2 165		2 225		2 225

Current Assets (III)

			30/06/2013		30/06/2012		30/06/2011
	Total Assets	Net	744 567	-38,8%	1 216 870	123,4%	544 679
	Gross	CJ	744 567	-38,8%	1 216 870	123,4%	544 679
	Amortisation	CK	0	0%	0	0%	0

Stocks

			30/06/2013		30/06/2012		30/06/2011
	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	191 833	-61,7%	500 959	1561,2%	30 156
	Gross	BT	191 833	-61,7%	500 959	1561,2%	30 156
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	191 833	-61,7%	500 959	1561,2%	30 156

Advance payments to suppliers

			30/06/2013		30/06/2012		30/06/2011
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			30/06/2013		30/06/2012		30/06/2011
	Trade accounts receivable	Net	380 392	-0,2%	381 058	166,5%	142 977
	Gross	BX	380 392	-0,2%	381 058	166,5%	142 977
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	13 258	-73,6%	50 207	1039,8%	4 405
	Gross	BZ	13 258	-73,6%	50 207	1039,8%	4 405
	Amortisation	CA	0	0%	0	0%	0
	Capital subscribed and called up	Net	0	0%	0	0%	0
	Gross	CB	0	0%	0	0%	0
	Amortisation	CC	0	0%	0	0%	0
	Sub Total Debtors	Net	393 650	-8,7%	431 265	192,6%	147 382

Divers

			30/06/2013		30/06/2012		30/06/2011
	Investment securities	Net	0	0%	237 099	40,4%	168 822
	Gross	CD	0	0%	237 099	40,4%	168 822
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	158 082	238,5%	46 694	-76,4%	197 774
	Gross	CF	158 082	238,5%	46 694	-76,4%	197 774
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	158 082	-44,3%	283 793	-22,6%	366 596

Prepaid expenses

			30/06/2013		30/06/2012		30/06/2011
	Prepaid expenses	Net	1 002	17,5%	853	56,5%	545
	Gross	CH	1 002	17,5%	853	56,5%	545
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/06/2013		30/06/2012		30/06/2011
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

		30/06/2013		30/06/2012		30/06/2011
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)

		30/06/2013		30/06/2012		30/06/2011
Grand Total (I to V)	EE	788 488	-38,2%	1 274 885	109,9%	607 360

Shareholder Equity (I)

			30/06/2013		30/06/2012		30/06/2011
	Total shareholders' equity (Total I)	DL	108 425	-22,0%	138 973	-33,0%	207 332
	Equity and shareholders' equity	DA	40 000	0%	40 000	0%	40 000
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	4 000	0%	4 000	0%	4 000
	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	43 173	-49,6%	85 632	-34,0%	129 752
	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	21 252	127,5%	9 341	-72,2%	33 580
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			30/06/2013		30/06/2012		30/06/2011
	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)

			30/06/2013		30/06/2012		30/06/2011
	Total provisions for risks and charges (Total III)	DR	0	0%	0	0%	0
	Risk provisions	DP	0	0%	0	0%	0
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			30/06/2013		30/06/2012		30/06/2011
	Total Liabilities (Total IV)	EC	680 063	-40,1%	1 135 912	184,0%	400 028
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	0	0%	0
	Sundry loans and financial liabilities	DV	36 819	-33,1%	55 048	-13,8%	63 891
	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	549 412	-45,1%	1 000 006	254,1%	282 439
	Tax and social security liabilities	DY	93 832	16,0%	80 858	50,6%	53 698
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	0	0%	0	0%	0

Translation loss (V)

		30/06/2013		30/06/2012		30/06/2011
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		30/06/2013		30/06/2012		30/06/2011
Deferred income	EB	0	0%	0	0%	0

References

		30/06/2013		30/06/2012		30/06/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	680 062	-40,1%	1 135 912	184,0%	400 028
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)

		30/06/2013		30/06/2012		30/06/2011
Operating result (Total I-II)	GG	31 056	72,8%	17 977	-60,0%	44 900

2 - Financial result (V - VI)

		30/06/2013		30/06/2012		30/06/2011
Financial result (Total V-VI)	GV	-4 050	-65,2%	-2 452	64,4%	-6 885

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

		30/06/2013		30/06/2012		30/06/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	27 007	74,0%	15 525	-59,2%	38 015

4 - Extraordinary result (VII-VIII)

		30/06/2013		30/06/2012		30/06/2011
Extraordinary result (Total VII-VIII)	HI	0	0%	-2 786	-131,7%	8 780

Profit or loss

		30/06/2013		30/06/2012		30/06/2011
Profit or loss	HN	21 252	127,5%	9 341	-72,2%	33 580

Total Income (I+III+V+VII)

		30/06/2013		30/06/2012		30/06/2011
Total Income (I+III+V+VII)	HL	2 894 373	16,7%	2 480 424	-4,3%	2 593 141

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

		30/06/2013		30/06/2012		30/06/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	2 873 117	16,3%	2 471 082	-3,5%	2 559 561

Operating income (I)

		30/06/2013		30/06/2012		30/06/2011
Total operating income (Total I)	FR	2 894 299	19,1%	2 430 282	-4,8%	2 552 300

Operating income (details)

			30/06/2013		30/06/2012		30/06/2011
	Sale of goods for resale	FC	2 840 262	19,3%	2 379 787	-4,7%	2 496 251
	France	FA	2 840 262	19,3%	2 379 787	-4,7%	2 496 251
	Export	FB	0	0%	0	0%	0
	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	54 036	7,0%	50 495	-8,1%	54 927
	France	FG	54 036	7,0%	50 495	-8,1%	54 927
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	2 894 299	19,1%	2 430 282	-4,7%	2 551 178
	France	FJ	2 894 298	19,1%	2 430 282	-4,7%	2 551 178
	Export	FK	0	0%	0	0%	0
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	0	0%	0	0%	0
	Other income	FQ	0	0%	0	0%	1 122

Operating charges (II)

		30/06/2013		30/06/2012		30/06/2011
Total operating charges (Total II)	GF	2 863 242	18,7%	2 412 305	-3,8%	2 507 400

Exploitation charges

		30/06/2013		30/06/2012		30/06/2011
Purchase of goods for resale	FS	2 238 051	-14,2%	2 607 166	37,5%	1 895 889
Change in stocks of goods for resale	FT	309 126	165,7%	-470 804	-253,7%	306 230
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	86 748	10,4%	78 564	-13,0%	90 253
Tax, duty and similar payments	FX	10 449	17,7%	8 879	-32,0%	13 055
Payroll	FY	126 226	23,3%	102 410	-15,4%	121 091
Social security costs	FZ	77 964	9,6%	71 146	7,5%	66 171

Depreciation

		30/06/2013		30/06/2012		30/06/2011
Depreciation of fixed assets	GA	14 678	-1,8%	14 944	1,6%	14 711
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		30/06/2013		30/06/2012		30/06/2011
Other charges	GE	0	0%	0	0%	0

Operating charges (III-IV)

		30/06/2013		30/06/2012		30/06/2011
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)

			30/06/2013		30/06/2012		30/06/2011
	Total financial income (Total V)	GP	71	-93,8%	1 142	-38,0%	1 841
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	71	-93,8%	1 142	-38,0%	1 841
	Other interest and similar income	GL	0	0%	0	0%	0
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			30/06/2013		30/06/2012		30/06/2011
	Total financial charge (Total VI)	GU	4 121	14,7%	3 594	-58,8%	8 726
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	4 121	14,7%	3 594	-58,8%	8 726
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			30/06/2013		30/06/2012		30/06/2011
	Total extraordinary income (Total VII)	HD	0	0%	49 000	25,6%	39 000
	Extraordinary operating income	HA	0	0%	0	0%	0
	Extraordinary income from capital transactions	HB	0	0%	49 000	25,6%	39 000
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			30/06/2013		30/06/2012		30/06/2011
	Total extraordinary charges (Total VIII)	HH	0	0%	51 786	71,4%	30 220
	Extraordinary operating charges	HE	0	0%	62	-51,6%	128
	Extraordinary charges from capital transactions	HF	0	0%	51 724	71,9%	30 092
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		30/06/2013		30/06/2012		30/06/2011
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		30/06/2013		30/06/2012		30/06/2011
Tax on profits (Total X)	HK	5 754	69,4%	3 397	-74,3%	13 215

References

		30/06/2013		30/06/2012		30/06/2011
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomes 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)

	30/06/2013		30/06/2012		30/06/2011
	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	60	-99,9%	60 913	-7,1%	65 595
	Gross value at the end of period	OL	91 905	0,6%	91 321	1,2%	90 233

Research and development Charge (Total I)

			30/06/2013		30/06/2012		30/06/2011
	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)

			30/06/2013		30/06/2012		30/06/2011
	Gross value at begin of period	KD	599	-16,2%	715	516,4%	116
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	599
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	116	0%	0
	Gross value at the end of period	LW	599	0%	599	-16,2%	715

Tangible fixed assets (Total III)

			30/06/2013		30/06/2012		30/06/2011
	Gross value at begin of period	LN	88 496	1,4%	87 291	-6,1%	92 992
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	644	-99,0%	62 000	3,5%	59 895
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	60 797	-7,3%	65 596
	Gross value at the end of period	NH	89 140	0,7%	88 494	1,4%	87 291

Financial assets (Total IV)

			30/06/2013		30/06/2012		30/06/2011
	Gross value at begin of period	LQ	2 225	0%	2 225	0%	2 225
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	60	0%	0	0%	0
	Gross Value at the end of period	NK	2 165	-2,7%	2 225	0%	2 225

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

			30/06/2013		30/06/2012		30/06/2011
	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)

			30/06/2013		30/06/2012		30/06/2011
	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)

			30/06/2013		30/06/2012		30/06/2011
	Reserve for depreciation value at begin of period	PE	334	121,2%	151	77,6%	85
Increases		PF	265	-11,7%	300	354,5%	66
Decreasess		PG	0	0%	116	0%	0
	Decreasess by budget item transfer	PH	599	78,8%	335	121,9%	151

Total fixed assets amotisation (Total III)

			30/06/2013		30/06/2012		30/06/2011
	Reserve for depreciation value at begin of period	QU	32 971	20,3%	27 400	-43,2%	48 258
Increases		QV	14 413	-1,6%	14 647	0,0%	14 646
Decreases		QW	0	0%	9 073	-74,4%	35 504
	Decreasess by budget item transfer	QX	47 384	43,7%	32 974	20,3%	27 400

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			30/06/2013		30/06/2012		30/06/2011
	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

			30/06/2013		30/06/2012		30/06/2011
	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)

			30/06/2013		30/06/2012		30/06/2011
	Value at begining 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)

			30/06/2013		30/06/2012		30/06/2011
	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)

			30/06/2013		30/06/2012		30/06/2011
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			30/06/2013		30/06/2012		30/06/2011
	Value at begining 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

		30/06/2013		30/06/2012		30/06/2011
Gross value	VT	396 817	-8,6%	434 343	189,3%	150 151
1 year at most	VU	394 652	-8,7%	432 118	192,1%	147 926
More than one year	VV	2 165	-2,7%	2 225	0%	2 225

State of loans

		30/06/2013		30/06/2012		30/06/2011
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	2 165	-2,7%	2 225	0%	2 225
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		30/06/2013		30/06/2012		30/06/2011
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	380 392	-0,2%	381 058	166,5%	142 977
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%	9 819	0%	0
Value added tax	VB	13 258	-55,5%	29 793	639,1%	4 031
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%	10 595	2740,5%	373

Prepaid

		30/06/2013		30/06/2012		30/06/2011
Prepaid	VS	1 002	17,5%	853	56,5%	545

State Debt

			30/06/2013		30/06/2012		30/06/2011
	Total debt (gross)	VY	680 062	-40,1%	1 135 913	184,0%	400 028
1 year at most		VZ2	680 062	-40,1%	1 135 913	184,0%	400 028
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

			30/06/2013		30/06/2012		30/06/2011
	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	549 412	-45,1%	1 000 006	254,1%	282 439
1 year at most		8B2	549 412	-45,1%	1 000 006	254,1%	282 439
More than 1 year and 5 years at most		8B3	549 412	-45,1%	1 000 006	254,1%	282 439
	Personnel and associated accounts (gross)	8C1	20 533	115,6%	9 525	-39,1%	15 638
1 year at most		8C2	20 533	115,6%	9 525	-39,1%	15 638
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	32 866	53,5%	21 412	-24,2%	28 248
1 year at most		8D2	32 866	53,5%	21 412	-24,2%	28 248
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	2 358	0%	0	0%	55
1 year at most		8E2	2 358	0%	0	0%	55
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	32 055	-28,6%	44 882	1278,4%	3 256
1 year at most		VW2	32 055	-28,6%	44 882	1278,4%	3 256
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	6 020	19,5%	5 039	-22,5%	6 501
1 year at most		VQ2	6 020	19,5%	5 039	-22,5%	6 501
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	36 819	-33,1%	55 048	-13,8%	63 891
1 year at most		VI2	36 819	-33,1%	55 048	-13,8%	63 891
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

		30/06/2013		30/06/2012		30/06/2011
Loans made during the period	VJ	0	0%	55 048	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		30/06/2013		30/06/2012		30/06/2011
Dividends	ZE	0	0%	0	0%	0

Commitments

		30/06/2013		30/06/2012		30/06/2011
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

		30/06/2013		30/06/2012		30/06/2011
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

		30/06/2013		30/06/2012		30/06/2011
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

		30/06/2013		30/06/2012		30/06/2011
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

		30/06/2013		30/06/2012		30/06/2011
Average number of employees	YP	03	0%	0	0%	03

Groups and Shareholders

		30/06/2013		30/06/2012		30/06/2011
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

		30/06/2013		30/06/2012		30/06/2011	Sector Median2013
Fixed Asset Financing		2,10	-15,7%	2,49	-24,8%	3,31	2,18	-3,7%
Global Debt		85 days	-49,4%	168 days	200%	56 days	81 days	4,9%
Working Capital Fund overall net		13 days	-35,0%	20 days	-31,0%	29 days	49 days	-73,5%
Financial independence		%	-	%	-	%	318,98%	-
Solvability		13,75%	26,1%	10,90%	-68,1%	34,14%	38,18%	-64,0%
Capacity debt futures		%	-	%	-	%	928,97%	-
Coverage of current assets by net working capital overall		13,63%	45,6%	9,36%	-68,0%	29,25%	45,38%	-70,0%
General Liquidity		0,58	52,6%	0,38	2,7%	0,37	0,70	-17,1%
Restricted Liquidity		0,81	28,6%	0,63	-51,2%	1,29	1,04	-22,1%

Management or rotation

		30/06/2013		30/06/2012		30/06/2011	Sector Median2013
Need background in operating working capital		-7 days	68,2%	-22 days	0%	-22 days	17 days	-141,2%
Treasury		20 days	-52,4%	42 days	-19,2%	52 days	12 days	66,7%
Inventory turnover of goods		27 days	-67,9%	84 days	1580,0%	5 days	33 days	-18,2%
Average length of credit granted to customers		47 days	-16,1%	56 days	180,0%	20 days	39 days	20,5%
Average length of credit obtained suppliers		75 days	-54,0%	163 days	270,5%	44 days	43 days	74,4%
Inventory turnover of raw materials in industrial enterprises		days	-	days	-	days	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	835 days	-
Rotation tangible assets		3246,91%	18,2%	2746,27%	-6,0%	2922,61%	1587,38%	104,5%

Profitability of the business

		30/06/2013		30/06/2012		30/06/2011	Sector Median2013
Margin trading		10,13%	1,1%	10,02%	-13,1%	11,53	24,66%	-58,9%
Profitability of the business		1,58	17,0%	1,35	-41,0%	2,29	3,50%	-54,9%
Net profit		0,73%	92,1%	0,38%	-71,2%	1,32%	1,71%	-57,3%
Growth rate of turnover (excluding VAT)		19,09%	502,7%	-4,74%	-194,4%	-1,61%	2,94%	549,3%
Rates integration		9%	1,6%	8,86%	-12,6%	10,14%	16,42%	-45,2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		78,42%	-2,7%	80,59%	11,4%	72,36%	65,26%	20,2%
Weight interests		0,14	-6,7%	0,15%	-55,9%	0,34%	0,12%	16,7%

Return on capital

		30/06/2013		30/06/2012		30/06/2011	Sector Median2013
Cash flow from the overall profitability		1,24%	11,7%	1,11%	-27,9%	1,54%	2,82%	-56,0%
Rates of economic profitability		31%	82,4%	17%	-22,7%	22%	17,95%	72,7%
Financial profitability		108425%	-22,0%	138973%	-33,0%	207332%	122168%	-11,2%
Return on investment		17,47%	161,9%	6,67%	-57,2%	15,60%	11,02%	58,5%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/06/2013		30/06/2012		30/06/2011	Sector Median2013
Turnover	2 894 299	19,1%	2 430 282	-4,7%	2 551 178	984 121 €	194,1%

Sales of goods	2 840 262	19,3%	2 379 787	-4,7%	2 496 251
- Purchase of goods	2 238 051	-14,2%	2 607 166	37,5%	1 895 889
+/- Stock of goods variation	309 126	165,7%	-470 804	-253,7%	306 230
Trading margin	293 085 €	20,4%	243 425 €	-17,2%	294 132 €	213 674 €	37,2%
	10,13 % CA	1,1%	10,02 % CA	-13,1%	11,53 % CA	24,79 % CA	-59,1%

Sale of goods produced	54 036	7,0%	50 495	-8,1%	54 927
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	54 036 €	7,0%	50 495 €	-8,1%	54 927 €	6 351 €	750,8%
	1,87 % CA	-10,1%	2,08 % CA	-3,3%	2,15 % CA	0,71 % CA	163,4%

Trading margin	293 085	20,4%	243 425	-17,2%	294 132	213 674	37,2%
+ Period Production	54 036	7,0%	50 495	-8,1%	54 927	6 351	750,8%
- 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	86 748	10,4%	78 564	-13,0%	90 253
Added value	260 373 €	20,9%	215 356 €	-16,8%	258 806 €	150 133 €	73,4%
	9,00 % CA	1,6%	8,86 % CA	-12,6%	10,14 % CA	16,42 % CA	-45,2%

Added value	260 373 €	20,9%	215 356 €	-16,8%	258 806 €	150 133 €	73,4%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	10 449	17,7%	8 879	-32,0%	13 055
- Personal charges	204 190	17,7%	173 556	-7,3%	187 262
Gross operating surplus	45 734 €	38,9%	32 921 €	-43,7%	58 489 €	29 765 €	53,7%
	1,58 % CA	17,0%	1,35 % CA	-41,0%	2,29 % CA	3,50 % CA	-54,9%

Gross operating surplus	45 734 €	38,9%	32 921 €	-43,7%	58 489 €	29 765 €	53,7%
+ Release of reserves and provisions	0	0%	0	0%	0
+ Other operating income	0	0%	0	0%	1 122
- Depreciation/Amortisation	14 678	-1,8%	14 944	1,6%	14 711
- Other charges	0	0%	0	0%	0
Operating result	31 056 €	72,8%	17 977 €	-60,0%	44 900 €	18 796 €	65,2%
	1,07 % CA	44,6%	0,74 % CA	-58,0%	1,76 % CA	2,20 % CA	-51,4%

Operating result	31 056 €	72,8%	17 977 €	-60,0%	44 900 €	18 796 €	65,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	71	-93,8%	1 142	-38,0%	1 841
- Financial charges	4 121	14,7%	3 594	-58,8%	8 726
Pre-tax result	27 006 €	74,0%	15 525 €	-59,2%	38 015 €	16 497 €	63,7%
	0,93 % CA	45,3%	0,64 % CA	-57,0%	1,49 % CA	2,17 % CA	-57,1%

Extraordinary income	0	0%	49 000	25,6%	39 000	16	0%
- Extraordinary charges	0	0%	51 786	71,4%	30 220
Extraordinary result	0 €	0%	-2 786 €	-131,7%	8 780 €	0 €	0%
	0,00 % CA	0%	-0,11 % CA	-132,4%	0 % CA	0 % CA	0%

Pre-tax result	27 006 €	74,0%	15 525 €	-59,2%	38 015 €	16 497 €	63,7%
Extraordinary result	0 €	0%	-2 786 €	-131,7%	8 780 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	5 754	69,4%	3 397	-74,3%	13 215
Net result	21 252 €	127,5%	9 342 €	-72,2%	33 580 €	15 429 €	37,7%
	0,73 % CA	92,1%	0,38 % CA	-71,2%	1,32 % CA	1,70 % CA	-57,1%

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

Group Structure

No group information available for the company

Shareholders

No Shareholders available for this company

Linkages

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
27/03/2014	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6794 - 321723553 RCS. TROPIMCO. Forme : Société par actions simplifiée. Adresse : 14 rue Lalo 75116 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2013.
18/03/2013	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9945 - 321723553 RCS. TROPIMCO. Forme : Société par actions simplifiée. Adresse : 14 rue Lalo 75116 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2012.
08/03/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 768 - 321 723 553 RCS Paris. TROPIMCO. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire partant : Ribot, Bernard Marcel Georges, nomination du Commissaire aux comptes titulaire : AUDIT EXPERT-COMPTABLE CONSEIL (AE.2C), Commissaire aux comptes suppléant partant : AUDIT EXPERT COMPTABLE CONSEIL (AE2C), nomination du Commissaire aux comptes suppléant : Leroy, Benoit.Capital : 40000 EUR. Activité : . Adresse de l’établissement principal : 14 rue Lalo, 75116 Paris. Adresse du siège social : 14 rue Lalo, 75116 Paris. Commentaires : modification survenue sur l'adresse de l'établissement et l'administration.
05/03/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10771 - 321723553 RCS. TROPIMCO. Forme : Société par actions simplifiée. Adresse : 14 rue Lalo 75116 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2011.
15/03/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9043 - 321723553 RCS. TROPIMCO. Forme : Société par actions simplifiée. Adresse : 14 R LALO 75116 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2010.
15/03/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6497 - 321723553 RCS. TROPIMCO. Forme : Société par actions simplifiée. Adresse : 14 R LALO 75116 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2009.
03/03/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6706 - 321723553 RCS. TROPIMCO. Forme : Société par actions simplifiée. Adresse : 14 rue Lalo 75116 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2008.
25/03/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6709 - 321723553 RCS. TROPIMCO. Forme : Société par actions simplifiée. Adresse : 14 rue Lalo 75116 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2007.
01/04/2007	Bodacc C	Avis de dépôt des comptes
5014 - RCS Paris B 321 723 553. RC 81-B 4835. TROPIMCO. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 14, R Lalo,Paris, 75116 Paris. Comptes annuels et rapports de l'exercice clos le: 30 juin 2006.
04/04/2006	Bodacc C	Avis de dépôt des comptes
2914 - RCS Paris B 321 723 553. RC 81-B 4835. TROPIMCO. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 14, R Lalo,Paris, 75116 Paris. Comptes annuels et rapports de l'exercice clos le: 30 juin 2005.
17/03/2005	Bodacc C	Avis de dépôt des comptes
1699 - RCS Paris B 321 723 553. RC 81-B 4835. TROPIMCO. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 14, rue Lalo,75116 Paris. Comptes annuels et rapports de l'exercice clos le: 30 juin 2004.
02/09/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 321723553 RC 81-B 4835 TROPIMCO. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président : SOKCEVIC (Dragan). Administrateurs partants : LEMAIRE ( Jean) SOKCEVIC (Veronica).
27/12/2002	Bodacc B	Modifications et mutations diverses
RCS Paris B 321723553 RC 81-B 4835 TROPIMCO. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : administrateur partant : SOKCEVIC, née PALINAY (Erika). Nomination d'un administrateur : SOKCEVIC (Véronica).
21/08/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 321723553 RC 81-B 4835 TROPIMCO. Forme : S.A. Capital : 40 000 euros. Commentaires : modification survenue sur le capital (augmentation).
07/03/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 321 723 553 RC RC 81- B 4835 TROPIMCO. Forme : S.A. Capital : 251 600 F. Commentaires : modification survenue sur le capital.
29/02/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 321 723 553 RC RC 81- B 4835 TROPIMCO. Forme : S.A. Adresse du siège social : 14, rue Lalo 75116 Paris Etablissement principal: Adresse : 14, rue Lalo 75116 Paris. Commentaires : modification survenue sur l'adresse du siège social et de l'établissement principal.
29/02/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 321 723 553 RC RC 81- B 4835 TROPIMCO. Forme : S.A. Administration : président-directeur général : SOKCEVIC (Dragan) Administrateurs : Mme SOKCEVIC, née PALINAY (Erika) LEMAIRE (Jean). Commissaire aux comptes titulaire : RIBOT (Bernard, Marcel, Georges). Commissaire aux comptes suppléant : AUDIT EXPERT COMPTABLE CONSEIL - A.E.2 C. Commentaires : modification survenue sur l'administration.

Company events history

Date	Description
27/03/2014	Bodacc C : Deposit accounts notice
22/02/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/06/2013	New accounts available
19/03/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/03/2013	Bodacc C : Deposit accounts notice
30/06/2012	New accounts available
08/03/2012	Bodacc B: Various editing or changing
05/03/2012	Bodacc C : Deposit accounts notice
22/02/2012	New auditor
09/02/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/06/2011	New accounts available
15/03/2011	Bodacc C : Deposit accounts notice
30/06/2010	New accounts available
15/03/2010	Bodacc C : Deposit accounts notice
30/06/2009	New accounts available
03/03/2009	Bodacc C : Deposit accounts notice
30/06/2008	New accounts available
25/03/2008	Bodacc C : Deposit accounts notice
30/06/2007	New accounts available
30/06/2006	New accounts available
30/06/2005	New accounts available
18/08/2004	Changement de Forme Juridique avec changement de catégorie
18/08/2004	Changement de Forme Juridique sans changement de catégorie
18/08/2004	New legal form – no new category
18/08/2004	New legal form – no new category
18/08/2004	Acte sous seing privé
18/08/2004	Private document
18/08/2004	Private document
18/08/2004	Appointment/resignation of company officers
18/08/2004	Nomination/démission des organes de gestion
18/08/2004	Appointment/resignation of company officers
18/08/2004	Minutes of general meeting of shareholders
18/08/2004	PV d'Assemblée
18/08/2004	Minutes of general meeting of shareholders
18/08/2004	Statuts mis à jour
18/08/2004	Updated articles of association
18/08/2004	Updated articles of association
18/08/2004	Audit or Management Report
18/08/2004	Rapport des Commissaires ou du Gérant
18/08/2004	Audit or Management Report
30/06/2004	New accounts available
30/06/2003	New accounts available
16/12/2002	Acte sous seing privé
16/12/2002	PV d'Assemblée
16/12/2002	Modification du Conseil d'Administration
16/12/2002	Nomination/démission des organes de gestion
03/08/2001	Augmentation de Capital
03/08/2001	Conversion du Capital Social en Euros
03/08/2001	Statuts mis à jour
03/08/2001	PV d'Assemblée
03/08/2001	Acte sous seing privé
15/03/2001	Rapport des Commissaires ou du Gérant
15/03/2001	Acte sous seing privé
15/03/2001	PV d'Assemblée
15/03/2001	Acte modificatif
15/03/2001	Reconstitution de l'Actif Net
23/05/1996	Acte modificatif
23/05/1996	Continuation malgré perte supérieure à la moitié du capital
23/05/1996	PV d'Assemblée
22/02/1996	PV d'Assemblée
22/02/1996	Statuts mis à jour
22/02/1996	Acte modificatif
22/02/1996	Réduction de Capital
14/02/1996	Changement de Commissaire aux Comptes
14/02/1996	PV d'Assemblée
14/02/1996	Transfert du Siège dans le ressort du Tribunal de Commerce
14/02/1996	Acte modificatif
14/02/1996	Statuts mis à jour
30/01/1995	Changement de date de clôture
30/01/1995	Acte modificatif
30/01/1995	Statuts mis à jour
30/01/1995	PV d'Assemblée

directors

Name	M. SOKCEVIC DRAGAN
Manager position	President	Date of birth	06/12/1948
Place of birth	KIJEVCI(YOUGOSLAVIE)
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.60.50
UK Pound	1	Rs.101.69
Euro	1	Rs.83.62

INFORMATION DETAILS

Analysis Done by :	SUB
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.