MIRA INFORM REPORT

Report Date :

20.08.2014

IDENTIFICATION DETAILS

Name :	IKKS GROUP
Registered Office :	94 Rue Choletaise 49450 Saint Macaire En Mauges
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	February 1987
Com. Reg. No.:	8 339 899 940
Legal Form :	Simplified joint stock company
Line of Business :	Subject is engaged in specialised design activities
No. of Employees	3 to 5

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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 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 name and address

IKKS GROUP

Trade name	IKKS	Acronym	IKKS
		EUR VAT Number	FR39339899940
Activity (APE)	Specialised design activities	Legal form	Simplified joint stock company
Phone	02 41 75 21 21	RCS Registration	RCS Angers 8 339 899 940
Fax		Share capital	27,000,000 Euros
Address	IKKS GROUP IKKS 94 RUE CHOLETAISE 49450 SAINT MACAIRE EN MAUGES	Incorporated Date	02/1987
Nationality	France	Status	Economically active

No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Safe Number	Company number	Click here to view the affiliation links
INCHIOSTRO SA	LU00178645	B112627	6 companies in 2 countries. Click here to visit linked companies

Current Directors

2

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	20,826,989 €	22,661,104 €	22,239,755 €
Gross Operating Surplus	18.08 % Turnover	19.82 % Turnover	9.27 % Turnover
Shareholders’ equity	100,846,910 €	90,862,580 €	67,497,614 €
Net result	9,984,873 €	61,365,064 €	27,070,258 €
Employees	3 to 5 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Specialised design activities (7410Z)
RCS Registration	RCS Angers 8 339 899 940	Share capital	27,000,000 Euros
Registration Court	Angers (49)	Legal form	Simplified joint stock company
Court Registry Number	19 8 7B00052	EUR VAT Number	FR39339899940
Incorporation Date	02/1987	Formation Date	12/1986
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Trade name	IKKS	Acronym	IKKS
Activity (APE)	Specialised design activities	Business Pages FT®	Specialised design activities
Postal Address	IKKS GROUP IKKS 94 RUE CHOLETAISE 49450 SAINT MACAIRE EN MAUGES	Trading Address	94 RUE CHOLETAISE 49450 SAINT MACAIRE EN MAUGES
Telephone	02 41 75 21 21
Fax

Type	Head office	Status	Economically active
Formation Date	06/2007	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Maine-et-Loire (49)	Region	Pays de La Loire
District	2	Area	19
City	SAINT MACAIRE EN MAUGES	Size of urban area

Other establishments

Branches	12 branch entities in this company
Head office	Specialised design activities
Secondary establishments

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

Financial data

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	13/07/2013	11/09/2012	14/09/2011
Activity Code	7410Z	7410Z	7410Z
Employees	0	0	6

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	66,728,810	25.4%	53,207,913	4.2%	51,039,757	4,430	1506193.7%
- Intangible assets	9,400,784	0.1%	9,395,659	0.5%	9,351,949	0	0%
- Tangible assets	1,665,236	-9.9%	1,847,897	-19.5%	2,295,050	2,218	74978.3%
- Financial assets	56,012,790	32.2%	42,384,352	6.2%	39,912,758	0	0%
Net current assets	59,459,544	-16.2%	70,974,510	8.9%	65,170,903	43,280	137283.4%
- Stocks	1,103,903	-10.4%	1,232,342	23.8%	995,575	0	0%
- Advanced payments	0	-16.2%	0	0%	0	0	0%
- Receivables	58,268,963	-16.0%	69,399,079	8.5%	63,990,288	16,297	357444.1%
- Securities and cash	86,678	-74.7%	343,088	85.4%	185,040	12,240	608.2%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	9,320	1538.0%	569	-81.5%	3,079	0	0%
Total Assets	126,197,674	1.6%	124,182,991	6.9%	116,213,738	54,048	233391.8%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Shareholders' equity	100,846,910	11.0%	90,862,580	34.6%	67,497,614	16,347	616813.9%
Share capital	27,000,000	0%	27,000,000	0%	27,000,000	6,000	449900%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	114,582	63.5%	70,096	-81.2%	372,226	0	0%
Liabilities	25,234,334	-24.1%	33,242,966	-31.2%	48,338,375	32,159	78367.4%
- Financial liabilities	590,926	385.3%	121,766	3.3%	117,931	2,762	21294.9%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	3,665,042	-18.9%	4,517,253	-7.9%	4,902,253	4,098	89334.9%
- Tax and social liabilities	2,050,192	-5.7%	2,174,856	20.8%	1,799,674	11,885	17150.2%
- Other debts and fixed assets liabilities	18,850,023	-28.5%	26,376,436	-36.5%	41,524,040	2,623	718543.7%
Account regularization	80,000	33.3%	60,000	0%	0	0	0%
Total liabilities	126,197,674	1.6%	124,182,990	6.9%	116,213,738	54,063	233327.1%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Sales of Goods	30,685,905	-7.1%	33,025,900	3.5%	31,918,180	88,641	34518.2%
Net turnover	20,826,989	-8.1%	22,661,104	1.9%	22,239,755	86,728	23914.1%
- of which net export turnover	31,936	-39.4%	52,676	100.4%	26,291	0	0%
Operating charges	16,650,348	-14.1%	19,392,334	-6.6%	20,769,226	81,366	20363.5%
Operating profit/loss	14,035,557	2.9%	13,633,566	22.3%	11,148,954	2,788	503327.4%
Financial income	3,750,029	-93.4%	56,534,973	153.7%	22,282,246	0	0%
Financial charges	2,396,364	-13.9%	2,783,906	10.9%	2,511,237	02	119818100%
Financial profit/loss	1,353,665	-97.5%	53,751,067	171.9%	19,771,009	0	0%
Pretax net operating income	15,389,222	-77.2%	67,384,633	117.9%	30,919,963	2,700	569871.2%
Extraordinary income	101,897	-5.9%	108,341	-15.6%	128,307	0	0%
Extraordinary charges	23,103	-90.1%	233,399	1257.7%	17,191	05	461960.0%
Extraordinary profit/loss	78,794	163.0%	-125,058	-212.5%	111,116	0	0%
Net result	9,984,873	-83.7%	61,365,064	126.7%	27,070,258	2,404	415244.1%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2012	31/12/2011	31/12/2010
Months	12	12	12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Grand Total (I to VI)	Net	126,197,674	1.6%	124,182,991	6.9%	116,213,738
	Gross	CO	135,090,390	2.9%	131,284,802	6.6%	123,178,484
	Amortisation	1A	8,892,716	25.2%	7,101,811	2.0%	6,964,746

Non declared distributed capital (I)

		31/12/2012		31/12/2011		31/12/2010
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2012		31/12/2011		31/12/2010
	Total Active fixed asset (II)	Net	66,728,810	25.4%	53,207,913	4.2%	51,039,757
	Gross	BJ	75,616,791	25.4%	60,303,469	4.0%	57,999,619
	Amortisation	BK	8,887,981	25.3%	7,095,556	1.9%	6,959,862

Intangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	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	217,010	9.3%	198,553	40.3%	141,509
	Gross	AF	337,736	17.0%	288,772	40.3%	205,820
	Amortisation	AG	120,726	33.8%	90,219	40.3%	64,311
	Goodwill	Net	9,182,130	4.9%	8,752,161	1.0%	8,662,130
	Gross	AH	9,182,130	0.1%	9,172,161	-0.1%	9,182,130
	Amortisation	AI	350,000	-16.7%	420,000	-19.2%	520,000
	Other intangible fixed assets	Net	1,644	-93.4%	24,945	-11.9%	28,310
	Gross	AJ	40,000	-19.9%	49,967	24.9%	40,000
	Amortisation	AK	38,356	53.3%	25,022	114.0%	11,690
	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	9,400,784	4.7%	8,975,659	1.6%	8,831,949

Tangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	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	0	0%	0	0%	0
	Gross	AR	38,291	0.0%	38,290	0.0%	38,291
	Amortisation	AS	38,291	0.0%	38,290	0.0%	38,291
	Other tangible fixed assets	Net	1,441,924	-19.7%	1,795,090	-18.1%	2,192,273
	Gross	AT	5,991,532	-2.3%	6,133,115	-6.0%	6,527,843
	Amortisation	AU	4,549,608	4.9%	4,338,025	0.1%	4,335,570
	Fixed assets in construction	Net	223,312	322.9%	52,807	-48.6%	102,777
	Gross	AV	223,312	322.9%	52,807	-48.6%	102,777
	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	1,665,236		1,847,897		2,295,050

Financial assets

			31/12/2012		31/12/2011		31/12/2010
	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	53,953,156	36.5%	39,540,155	3.1%	38,351,472
	Gross	CU	57,744,156	38.4%	41,724,155	3.4%	40,341,472
	Amortisation	CV	3,791,000	73.6%	2,184,000	9.7%	1,990,000
	Inter-company receivables	Net	1,647,853	-32.5%	2,442,499	106.6%	1,182,340
	Gross	BB	1,647,853	-32.5%	2,442,499	106.6%	1,182,340
	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	411,781	2.5%	401,698	6.0%	378,946
	Gross	BH	411,781	2.5%	401,698	6.0%	378,946
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		56,012,790		42,384,352		39,912,758

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	59,459,544	-16.2%	70,974,510	8.9%	65,170,903
	Gross	CJ	59,464,279	-16.2%	70,980,763	8.9%	65,175,787
	Amortisation	CK	4,735	-24.3%	6,253	28.0%	4,884

Stocks

			31/12/2012		31/12/2011		31/12/2010
	Raw materials	Net	189,003	68.5%	112,181	34.5%	83,389
	Gross	BL	189,003	68.5%	112,181	34.5%	83,389
	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%	1,110,140	23.4%	899,700
	Gross	BR	0	0%	1,110,140	23.4%	899,700
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	914,900	9029.8%	10,021	-19.7%	12,486
	Gross	BT	914,900	9029.8%	10,021	-19.7%	12,486
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	1,103,903	-10.4%	1,232,342	23.8%	995,575

Advance payments to suppliers

			31/12/2012		31/12/2011		31/12/2010
	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

			31/12/2012		31/12/2011		31/12/2010
	Trade accounts receivable	Net	13,312,555	-3.2%	13,752,358	5.8%	12,996,347
	Gross	BX	13,317,290	-3.2%	13,758,611	5.8%	13,001,231
	Amortisation	BY	4,735	-24.3%	6,253	28.0%	4,884
	Other debtors	Net	44,788,489	-19.1%	55,369,547	9.7%	50,457,239
	Gross	BZ	44,788,489	-19.1%	55,369,547	9.7%	50,457,239
	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	58,101,044	-15.9%	69,121,905	8.9%	63,453,586

Divers

			31/12/2012		31/12/2011		31/12/2010
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	86,678	-74.7%	343,088	85.4%	185,040
	Gross	CF	86,678	-74.7%	343,088	85.4%	185,040
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	86,678	-74.7%	343,088	85.4%	185,040

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2010
	Prepaid expenses	Net	167,919	-39.4%	277,174	-48.4%	536,702
	Gross	CH	167,919	-39.4%	277,174	-48.4%	536,702
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2011		31/12/2010
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	9,320	1538.0%	569	-81.5%	3,079
Gross		9,320	1538.0%	569	-81.5%	3,079

References

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to V)	EE	126,197,674	1.6%	124,182,990	6.9%	116,213,738

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	100,846,910	11.0%	90,862,580	34.6%	67,497,614
	Equity and shareholders' equity	DA	27,000,000	0%	27,000,000	0%	27,000,000
	Issue and merger premiums	DB	13,368	0%	13,368	0%	13,368
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	2,700,000	9.5%	2,465,530	121.7%	1,112,018
	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	61,144,737	432293.3%	14,141	-99.9%	12,297,376
	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	9,984,873	-83.7%	61,365,064	126.7%	27,070,259
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	3,932	-12.2%	4,477	-2.5%	4,593

Other capital resources (II)

			31/12/2012		31/12/2011		31/12/2010
	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)

			31/12/2012		31/12/2011		31/12/2010
	Total provisions for risks and charges (Total III)	DR	114,582	63.5%	70,096	-81.2%	372,226
	Risk provisions	DP	85,902	97.2%	43,569	-87.7%	354,079
	Reserves for charges	DQ	28,680	8.1%	26,527	46.2%	18,147

Liabilities (IV)

			31/12/2012		31/12/2011		31/12/2010
	Total Liabilities (Total IV)	EC	25,234,334	-24.1%	33,242,966	-31.2%	48,338,375
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	88,265	-26.3%	119,821	2.0%	117,486
	Sundry loans and financial liabilities	DV	502,661	25743.8%	1,945	337.1%	445
	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	3,665,042	-18.9%	4,517,253	-7.9%	4,902,253
	Tax and social security liabilities	DY	2,050,192	-5.7%	2,174,856	20.8%	1,799,674
	Fixed asset liabilities	DZ	737,904	32.2%	557,975	1225.4%	42,098
	Other debts	EA	18,110,270	-29.8%	25,811,116	-37.8%	41,476,419

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	1,849	-74.8%	7,345	33.0%	5,523

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	80,000	33.3%	60,000	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	33,242,966	-31.2%	48,338,376
Of which current bank facilities	EH	0	0%	119,821	2.0%	117,486

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)

		31/12/2012		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	14,035,557	2.9%	13,633,566	22.3%	11,148,954

2 -Financial result(V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	1,353,665	-97.5%	53,751,067	171.9%	19,771,009

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

		31/12/2012		31/12/2011		31/12/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	15,389,222	-77.2%	67,384,633	117.9%	30,919,963

4 -Extraordinary result(VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	78,794	163.0%	-125,058	-212.5%	111,116

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	9,984,873	-83.7%	61,365,064	126.7%	27,070,258

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	34,537,831	-61.5%	89,669,214	65.0%	54,328,733

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

		31/12/2012		31/12/2011		31/12/2010
Total charges (Total II+IV+VI+VIII+IX+X)	HM	24,552,958	-13.3%	28,304,147	3.8%	27,258,475

Operating income(I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	30,685,905	-7.1%	33,025,900	3.5%	31,918,180

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	Sale of goods for resale	FC	5,305,645	-11.2%	5,975,147	6.4%	5,617,024
	France	FA	5,292,586	-10.9%	5,939,572	6.0%	5,602,663
	Export	FB	13,059	-63.3%	35,575	147.7%	14,361
	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	15,521,344	-7.0%	16,685,957	0.4%	16,622,731
	France	FG	15,502,467	-7.0%	16,668,856	0.3%	16,610,801
	Export	FH	18,877	10.4%	17,101	43.3%	11,930
	Net turnover	FL	20,826,989	-8.1%	22,661,104	1.9%	22,239,755
	France	FJ	20,795,053	-8.0%	22,608,428	1.8%	22,213,464
	Export	FK	31,936	-39.4%	52,676	100.4%	26,291
	Stocked production	FM	-1,110,140	-627.5%	210,440	152.8%	-398,200
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	8,065	0%	0
	Release of reserves and provisions	FP	31,178	-99.7%	10,146,291	0%	0
	Other income	FQ	10,937,878	0%	0	0%	10,076,625

Operating charges(II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	16,650,348	-14.1%	19,392,334	-6.6%	20,769,226

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	3,145,883	-25.2%	4,205,937	32.3%	3,179,112
Change in stocks of goods for resale	FT	-904,879	-36809.1%	2,465	119.7%	-12,486
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	-76,822	-166.8%	-28,792	65.5%	-83,389
Other external purchases and charges	FW	12,812,354	-3.3%	13,244,200	-16.9%	15,940,769
Tax, duty and similar payments	FX	404,208	1.5%	398,183	27.4%	312,548
Payroll	FY	396,151	0.5%	394,043	26.4%	311,822
Social security costs	FZ	175,286	1.8%	172,145	31.6%	130,796

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	621,795	-3.7%	645,461	-9.1%	710,002
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	2,809	0%	0
Provisions for risks and charges	GD	35,735	326.4%	8,380	304.8%	2,070

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	40,637	-88.3%	347,503	25.0%	277,982

Operating charges (III-IV)

		31/12/2012		31/12/2011		31/12/2010
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income(V)

			31/12/2012		31/12/2011		31/12/2010
	Total financial income (Total V)	GP	3,750,029	-93.4%	56,534,973	153.7%	22,282,246
	Share financial income	GJ	1,965,513	-96.3%	53,760,159	171.6%	19,794,914
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	1,614,656	-29.4%	2,286,648	48.3%	1,542,206
	Released provisions and transferred charges	GM	160,569	-67.1%	488,079	-47.7%	934,000
	Exchange gains	GN	9,291	10579.3%	87	-99.2%	11,126
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2012		31/12/2011		31/12/2010
	Total financial charge (Total VI)	GU	2,396,364	-13.9%	2,783,906	10.9%	2,511,237
	Financial reserves and provisions	GQ	1,776,320	378.1%	371,569	-31.5%	542,079
	Interest and similar charges	GR	614,848	-74.3%	2,394,669	23.6%	1,937,424
	Exchange losses	GS	5,196	-70.6%	17,668	-44.3%	31,734
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary income (Total VII)	HD	101,897	-5.9%	108,341	-15.6%	128,307
	Extraordinary operating income	HA	6,144	-6.2%	6,550	97.1%	3,323
	Extraordinary income from capital transactions	HB	24,324	0%	0	0%	16,174
	Released provisions and transferred charges	HC	71,429	-29.8%	101,791	-6.5%	108,810

Extraordinary charges(VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	23,103	-90.1%	233,399	1257.7%	17,191
	Extraordinary operating charges	HE	-778	-101.1%	70,556	509.4%	-17,234
	Extraordinary charges from capital transactions	HF	22,998	-85.7%	161,167	404.7%	31,931
	Extraordinary reserves and provisions	HG	883	-47.3%	1,676	-32.8%	2,494

Employee profit sharing(IX)

		31/12/2012		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	2,797	152.2%	1,109	-67.2%	3,377

Tax on profits(X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	5,480,346	-7.0%	5,893,399	48.9%	3,957,444

References

		31/12/2012		31/12/2011		31/12/2010
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	29,660	347.7%	6,625	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	10,882,381	1.7%	10,705,514	28.5%	8,329,296
Of which royalties on licences and patents (charges)	A4	15,689	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)

			31/12/2012		31/12/2011		31/12/2010
	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	9,968	-90.3%	102,777	1331.4%	7,180
	Decreasess by transfers	OK2	1,649,529	-76.4%	6,984,180	1523.3%	430,243
	Gross value at the end of period	OL	75,616,791	25.4%	60,303,469	4.0%	57,999,619

Research and development Charge (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets(Total II)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	KD	9,520,870	1.0%	9,427,949	1.2%	9,316,999
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	48,963	-41.0%	82,953	-25.2%	110,951
	Decreasess by budget item transfer	LV1	9,968	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	9,559,865	0.5%	9,510,902	0.9%	9,427,950

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	6,214,247	-6.8%	6,668,913	-3.4%	6,902,455
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	428,259	1.2%	423,011	108.4%	203,024
	Decreasess by budget item transfer	NG1	0	0%	102,777	1331.4%	7,180
	Decreasess by transfers	NG2	389,370	-49.1%	764,932	78.1%	429,388
	Gross value at the end of period	NH	6,253,136	0.5%	6,224,215	-6.7%	6,668,911

Fiancial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	44,568,354	6.4%	41,902,757	2.1%	41,041,549
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	16,495,596	85.7%	8,884,842	930.6%	862,066
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	1,260,159	-79.7%	6,219,247	726447.5%	856
	Gross value at the end of period	NK	59,803,791	34.2%	44,568,352	6.4%	41,902,759

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

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	PE	115,242	51.6%	76,000	187.3%	26,453
Increases		PF	43,840	11.7%	39,241	-20.8%	49,548
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	159,082	38.0%	115,241	51.6%	76,001

Total fixed assets amotisation(Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	4,376,317	0.1%	4,373,858	6.4%	4,110,864
Increases		QV	577,955	-4.7%	606,220	-8.2%	660,454
Decreases		QW	366,373	-39.3%	603,764	51.9%	397,457
	Decreasess by budget item transfer	QX	4,587,899	4.8%	4,376,314	0.1%	4,373,861

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2012		31/12/2011		31/12/2010
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7C	2,684,827	-7.2%	2,891,703	-14.6%	3,387,870
Increases		UB	1,812,938	373.7%	382,758	-30.0%	546,643
Decreases		UC	253,516	-57.0%	589,634	-43.5%	1,042,810
	Value at the end of period	UD	4,244,249	58.1%	2,684,827	-7.2%	2,891,703

Includes Total allocations

Operating	UE	0	0%	11,189	440.5%	2,070
Financial	UG	0	0%	371,569	-31.5%	542,079
Exceptional	UJ	0	0%	0	0%	2,494

Includes Total Withdrawal

Operating	UF	0	0%	1,440	0%	0
Financial	UH	0	0%	488,079	-47.7%	934,000
Exceptional	UK	0	0%	100,115	-8.0%	108,810

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	3Z	4,478	-2.5%	4,593	111.9%	2,168
Increases		TS	883	0%	0	0%	2,494
Decreases		TT	1,429	1142.6%	115	66.7%	69
	Value at the end of period	TU	3,932	-12.2%	4,478	-2.5%	4,593

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	5Z	70,096	-81.2%	372,226	215.9%	117,818
Increases		TV	45,055	403.5%	8,949	-97.1%	313,149
Decreases		TW	569	-99.8%	311,079	429.6%	58,741
	Value at the end of period	TX	114,582	63.5%	70,096	-81.2%	372,226

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	2,610,253	3.8%	2,514,884	-23.0%	3,267,884
Increases		TY	1,767,000	372.7%	373,809	61.8%	231,000
Decreases		TZ	251,518	-9.7%	278,440	-71.7%	984,000
	Value at the end of period	UA	4,125,735	58.1%	2,610,253	3.8%	2,514,884

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	60,333,333	-16.5%	72,249,530	10.2%	65,556,458
1 year at most	VU	58,739,212	-18.2%	71,847,832	10.2%	65,177,512
More than one year	VV	1,594,121	296.8%	401,698	6.0%	378,946

State of loans

		31/12/2012		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	1,647,853	-32.5%	2,442,499	106.6%	1,182,340
Claims related to shareholdings (1 year at most)	UM	465,513	-80.9%	2,442,499	106.6%	1,182,340
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	411,781	2.5%	401,698	6.0%	378,946
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	4,740	-24.2%	6,257	-24.7%	8,312
Other claims customer	UX	13,312,550	-3.2%	13,752,353	5.8%	12,992,919
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	1,000	0%	1,000	0%	1,000
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	451,599	63.5%	276,186	-38.0%	445,175
Other taxes and payments assimilated	VN	19,863	-90.7%	214,527	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	44,176,549	-18.7%	54,313,330	9.1%	49,785,988
Accounts receivable (including claims relating to the operation of pension titles)	VR	139,479	-75.3%	564,503	150.8%	225,076

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	167,919	-39.4%	277,174	-48.4%	536,702

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	25,234,334	-24.1%	33,242,966	-31.2%	48,338,376
1 year at most		VZ2	24,731,764	-25.6%	33,242,966	-31.2%	48,338,376
More than 1 year and 5 years at most		VZ3	501,116	0%	0	0%	0
More than 5 years		VZ4	1,454	0%	0	0%	0

Details

			31/12/2012		31/12/2011		31/12/2010
	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	88,265	-26.3%	119,821	2.0%	117,486
1 year at most		VG2	88,265	-26.3%	119,821	2.0%	117,486
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	502,661	25743.8%	1,945	337.1%	445
1 year at most		8A2	91	-95.3%	1,945	337.1%	445
More than 1 year and 5 years at most		8A3	501,116	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	3,665,042	-18.9%	4,517,253	-7.9%	4,902,253
1 year at most		8B2	3,665,042	-18.9%	4,517,253	-7.9%	4,902,253
More than 1 year and 5 years at most		8B3	3,665,042	-18.9%	4,517,253	-7.9%	4,902,253
	Personnel and associated accounts (gross)	8C1	81,141	3.8%	78,140	7.1%	72,989
1 year at most		8C2	81,141	3.8%	78,140	7.1%	72,989
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	119,458	-2.3%	122,325	14.1%	107,249
1 year at most		8D2	119,458	-2.3%	122,325	14.1%	107,249
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	1,832,535	7.6%	1,703,304	6.8%	1,595,545
1 year at most		VW2	1,832,535	7.6%	1,703,304	6.8%	1,595,545
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	17,057	-93.7%	271,085	1034.7%	23,891
1 year at most		VQ2	17,057	-93.7%	271,085	1034.7%	23,891
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	737,904	32.2%	557,975	1225.4%	42,098
1 year at most		8J2	737,904	32.2%	557,975	1225.4%	42,098
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	18,025,508	-28.7%	25,292,663	-38.9%	41,369,704
1 year at most		VI2	18,025,508	-28.7%	25,292,663	-38.9%	41,369,704
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	84,762	-83.7%	518,451	385.8%	106,715
1 year at most		8K2	84,762	-83.7%	518,451	385.8%	106,715
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	80,000	33.3%	60,000	0%	0
1 year at most		8L2	80,000	33.3%	60,000	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
Average number of employees	YP	0	0%	0	0%	06

Groups and Shareholders

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Fixed Asset Financing		1.46	-10.4%	1.63	26.4%	1.29	2.33	-37.3%
Global Debt		436days	-17.4%	528days	-32.5%	782days	125days	248.8%
Working Capital Fund overall net		602days	0.5%	599days	120.2%	272days	66days	812.1%
Financial independence		114254.70%	50.7%	75831.93%	32.0%	57451.62%	252.61%	45129.7%
More ratios
Solvability		79.91%	9.2%	73.17%	26.0%	58.08%	34.61%	130.9%
Capacity debt futures		114254.70%	50.7%	75831.93%	32.0%	57451.62%	1071.74%	10560.7%
Coverage of current assets by net working capital overall		58.73%	10.1%	53.36%	104.9%	26.04%	42.10%	39.5%
General Liquidity		2.38	10.2%	2.16	60.0%	1.35	0.62	283.9%
Restricted Liquidity		2.38	9.7%	2.17	60.7%	1.35	1.27	87.4%

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Need background in operating working capital		599days	1.2%	592days	125.1%	263days	0days	0%
Treasury		2days	-50.0%	4days	300%	1days	6days	-66.7%
Inventory turnover of goods		147days	14600%	1days	0%	1days	0days	0%
Average length of credit granted to customers		230days	5.0%	219days	4.3%	210days	43days	434.9%
Average length of credit obtained suppliers		88days	-5.4%	93days	0%	93days	36days	144.4%
More ratios
Inventory turnover of raw materials in industrial enterprises		5210days	359.0%	1135days	-45.7%	2090days	0days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1134days	-
Rotation tangible assets		333.06%	-8.5%	364.08%	9.2%	333.48%	1109.78%	-70.0%

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Margin trading		14.71%	88.6%	7.80%	-29.2%	11.02	0%	0%
Profitability of the business		18.08	-8.8%	19.82	113.8%	9.27	5.56%	225.2%
Net profit		47.94%	-82.3%	270.79%	122.5%	121.72%	2.87%	1570.4%
More ratios
Growth rate of turnover (excluding VAT)		-8.09%	-528.0%	1.89%	-83.8%	11.70%	2.88%	-380.9%
Rates integration		22.76%	-5.3%	24.04%	89.7%	12.67%	40.75%	-44.1%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		12.05%	16.0%	10.39%	-33.9%	15.71%	65.03%	-81.5%
Weight interests		11.51	-6.3%	12.28%	8.8%	11.29%	0.01%	115000%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Cash flow from the overall profitability		59.45%	-78.3%	273.40%	122.7%	122.74%	5.50%	980.9%
Rates of economic profitability		4%	-20.0%	5%	66.7%	3%	25%	-84.0%
Financial profitability		100846910%	11.0%	90862580%	34.6%	67497614%	724%	13929031.2%
Return on investment		12.21%	-82.7%	70.51%	61.2%	43.75%	15.71%	-22.3%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Turnover	20,826,989	-8.1%	22,661,104	1.9%	22,239,755	86,728 €	23914.1%

Sales of goods	5,305,645	-11.2%	5,975,147	6.4%	5,617,024
- Purchase of goods	3,145,883	-25.2%	4,205,937	32.3%	3,179,112
+/- Stock of goods variation	-904,879	-36809.1%	2,465	119.7%	-12,486
Trading margin	3,064,641 €	73.5%	1,766,745 €	-27.9%	2,450,398 €	0 €	0%
	14.71 % CA	88.6%	7.80 % CA	-29.2%	11.02 % CA	0 % CA	0%

Sale of goods produced	15,521,344	-7.0%	16,685,957	0.4%	16,622,731
+/- Stocked production	-1,110,140	-627.5%	210,440	152.8%	-398,200
+ Self-constructed assets	0	0%	0	0%	0
Period production	14,411,204 €	-14.7%	16,896,397 €	4.1%	16,224,531 €	70,955 €	20210.3%
	69.19 % CA	-7.2%	74.56 % CA	2.2%	72.95 % CA	100 % CA	-30.8%

Trading margin	3,064,641	73.5%	1,766,745	-27.9%	2,450,398	0	0%
+ Period Production	14,411,204	-14.7%	16,896,397	4.1%	16,224,531	70,955	20210.3%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	-76,822	-166.8%	-28,792	65.5%	-83,389
- Other external purchases and charges	12,812,354	-3.3%	13,244,200	-16.9%	15,940,769
Added value	4,740,313 €	-13.0%	5,447,734 €	93.4%	2,817,549 €	35,079 €	13413.3%
	22.76 % CA	-5.3%	24.04 % CA	89.7%	12.67 % CA	40.75 % CA	-44.1%

Added value	4,740,313 €	-13.0%	5,447,734 €	93.4%	2,817,549 €	35,079 €	13413.3%
+ Operating grants	0	0%	8,065	0%	0
- Tax, duty and similar payments	404,208	1.5%	398,183	27.4%	312,548
- Personal charges	571,437	0.9%	566,188	27.9%	442,618
Gross operating surplus	3,764,668 €	-16.2%	4,491,428 €	117.8%	2,062,383 €	4,889 €	76902.8%
	18.08 % CA	-8.8%	19.82 % CA	113.8%	9.27 % CA	5.56 % CA	225.2%

Gross operating surplus	3,764,668 €	-16.2%	4,491,428 €	117.8%	2,062,383 €	4,889 €	76902.8%
+ Release of reserves and provisions	31,178	-99.7%	10,146,291	0%	0
+ Other operating income	10,937,878	0%	0	0%	10,076,625
- Depreciation/Amortisation	657,530	0.1%	656,650	-7.8%	712,072
- Other charges	40,637	-88.3%	347,503	25.0%	277,982
Operating result	14,035,557 €	2.9%	13,633,566 €	22.3%	11,148,954 €	2,821 €	497438.4%
	67.39 % CA	12.0%	60.16 % CA	20.0%	50.13 % CA	3.16 % CA	2032.6%

Operating result	14,035,557 €	2.9%	13,633,566 €	22.3%	11,148,954 €	2,821 €	497438.4%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	3,750,029	-93.4%	56,534,973	153.7%	22,282,246
- Financial charges	2,396,364	-13.9%	2,783,906	10.9%	2,511,237
Pre-tax result	15,389,222 €	-77.2%	67,384,633 €	117.9%	30,919,963 €	2,700 €	569871.2%
	73.89 % CA	-75.2%	297.36 % CA	113.9%	139.03 % CA	3.08 % CA	2299.0%

Extraordinary income	101,897	-5.9%	108,341	-15.6%	128,307	0	0%
- Extraordinary charges	23,103	-90.1%	233,399	1257.7%	17,191
Extraordinary result	78,794 €	163.0%	-125,058 €	-212.5%	111,116 €	0 €	0%
	0.38 % CA	169.1%	-0.55 % CA	-210.0%	1 % CA	0 % CA	0%

Pre-tax result	15,389,222 €	-77.2%	67,384,633 €	117.9%	30,919,963 €	2,700 €	569871.2%
Extraordinary result	78,794 €	163.0%	-125,058 €	-212.5%	111,116 €	0 €	0%
- Employee profit sharing	2,797	152.2%	1,109	-67.2%	3,377
- Tax on profits	5,480,346	-7.0%	5,893,399	48.9%	3,957,444
Net result	9,984,873 €	-83.7%	61,365,067 €	126.7%	27,070,258 €	2,432 €	410462.2%
	47.94 % CA	-82.3%	270.79 % CA	122.5%	121.72 % CA	2.91 % CA	1547.4%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	29/08/2008
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	INCHIOSTRO SA
Direct parent	FINANCIERE ZANNIER - 100 %
Group – Number of companies	46
Linkages – Number of companies	6
Number of countries	2

Group Structure

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INCHIOSTRO SA

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Company Name	SIREN	Parts	Last account published
INCHIOSTRO	B112627	-	31/12/2012
SOFIZA	487544082	64.90%	31/12/2012
FINANCIERE ZANNIER	341059293	99.63%	31/12/2013
GROUPE ZANNIER POLOGNE	-	100%	-
IKKS GROUP	339899940	100%	31/12/2012
IKKS	US25588967	100%	-
IKKS RETAIL	479960965	100%	31/12/2013
I.CODE	487648891	100%	31/12/2012
IKKS BELGIUM	-	100%	-
IKKS ITALY - S.R.L.	MI1777947	100%	31/12/2012
IKKS JUNIOR	479940512	100%	31/12/2012
IKKS NEDERLAND B.V.	33252927	100%	31/12/2013
IKKS SPAIN	-	100%	-
IKKS SPORTWEAR SPAIN	-	100%	-
IKKS WOMEN	479960783	100%	31/12/2012
PLATMAR	-	99%	-
GROUPE ZANNIER SWITZERLAND	-	95%	-
GROUPE ZANNIER	755800356	100%	31/12/2013
CATIMINI	072201809	100%	31/12/2012
MELBA MAROC	-	99.90%	-
GRIFF COLOR	-	44%	-
CATIMINI INC	US25052243	100%	-
CHIPIE DESIGN	352466635	100%	31/12/2012
CHIPIE INTERNATIONAL	327674479	100%	31/12/2012
ONE STEP	383354156	100%	31/12/2012
DECANT-JULLIEN	420333098	100%	31/12/2013
ZANNIER PORTUGAL	-	100%	-
CREATION ET PRODUCTION SA	061201174	100%	31/12/2012
JEAN BOURGET, INC	US43698452	100%	-
M B DISTRIBUTION	343753612	100%	31/12/2012
DAUPHITEX	303915490	100%	31/12/2012
DUGUY CREATIONS	547150516	100%	31/12/2012
GRUPPO ZANNIER ITALIA S.R.L.	MI1685720	100%	31/12/2012
ZANNIER SAS	624500195	100%	31/12/2012
COMPTOIR INDUSTRIEL TUNISIEN	-	99.96%	-
PORON	552880023	100%	31/12/2012
PORON JAPAN LTD	-	100%	-
THAÏ PORON	-	100%	-
PORON INCORPORATED	-	82.60%	-
GROUPE ZANNIER BELGIUM SA	400581195	95%	31/12/2012
PORON	-	80%	-
GROUPE ZANNIER ESPAÑA	165143	93%	31/12/2011
AG COM	479811382	100%	31/12/2013
MULTIMAG	478247109	100%	31/12/2013
GROUPE ZANNIER INTERNATIONAL	452747363	100%	31/12/2013
COMPAGNIE INTERNATIONALE DE COMM...	-	99%	-

Linkages

Ultimate parent company	INCHIOSTRO SA
Direct parent	FINANCIERE ZANNIER - 100 %
Group – Number of companies	46
Linkages – Number of companies	6
Number of countries	2
Company Name		SIREN	Last account		Turnover
GROUPE ZANNIER		308574771	31/12/2005		6 446 505 €
GROUPE ZANNIER UK LIMITED		03574578	31/12/2012		8 087 627 £
IKKS UK LIMITED		05825805	31/12/2012		434 183 £
VANNIER		778151639	31/12/2012		8 957 623 €
CATIMINI SA		-	-	-	-
IKKS GROUP		-	-	-	-

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
10/08/2014	Bodacc B	Modification et mutation diverse
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 884 - 339 899 940 RCS Angers. IKKS GROUP. Forme : Société par actions simplifiée. Administration : Président : FINANCIERE ZANNIER (SAS) représenté par MOLTER Bernard Directeur général : CAUCHE Pierre-André Commissaire aux comptes titulaire : DELOITTE ET ASSOCIES (SACA) Commissaire aux comptes suppléant : BEAS (SAS). Activité : . Commentaires : Modification survenue sur l'administration.
10/08/2014	Bodacc B	Modification et mutation diverse
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 898 - 339 899 940 RCS Angers. IKKS GROUP. Forme : Société par actions simplifiée. Administration : Président : HOLDIKKS (SAS) Directeur général : CAUCHE Pierre-André Commissaire aux comptes titulaire : DELOITTE ET ASSOCIES (SACA) Commissaire aux comptes suppléant : BEAS (SAS). Activité : . Commentaires : Modification survenue sur l'administration.
01/08/2014	JAL	Appointment of the social representative
Anjou agricole (L ) Date de décision : 08/07/2014 Société faisant l'objet d'une nomination : 339899940 - IKKS GROUP, IKKS, IKKS, 94 RUE CHOLETAISE, 49450 SAINT MACAIRE EN MAUGES Nominé : 802825273 - HOLDIKKS, 15 RUE HONORE DE BALZAC, 42270 SAINT PRIEST EN JAREZ En la fonction de : Président
01/08/2014	JAL	Resignation / Revocation of the social representative
Anjou agricole (L ) Date de décision : 08/07/2014 La société 339899940 - IKKS GROUP, IKKS, IKKS, 94 RUE CHOLETAISE, 49450 SAINT MACAIRE EN MAUGES Fait l'objet du départ de FINANCIERE ZANNIER
26/04/2013	JAL	End of rent-management
Courrier Français/Edition de la Gironde Date de décision : 26/04/2013 Locataire gérant : 624500195 - ZANNIER SAS, Z GENERATION, 6 B RUE GABRIEL LAUMAIN, 75010 PARIS 10 Date d’effet : 15/04/2013
30/08/2012	Bodacc C	Comptes annuels et rapports
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 5750 - 339899940 RCS. IKKS GROUP. Forme : Société par actions simplifiée. Adresse : 94 rue Choletaise 49450 Saint-Macaire-en-Mauges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
04/04/2012	JAL	Start of rent-management
TPBM - Semaine de Provence Date de décision : 23/03/2012 Bailleur : 339899940 - IKKS GROUP, IKKS, 94 RUE CHOLETAISE, 49450 SAINT MACAIRE EN MAUGES Locataire gérant : 479960965 - IKKS RETAIL, 3 RUE D ARGOUT, 3 AU 5, 75002 PARIS 2 Date d’effet : 01/04/2012 pour une durée de 1 mois
09/09/2010	Bodacc C	Comptes annuels et rapports
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 5218 - 339899940 RCS. IKKS GROUP. Forme : Société par actions simplifiée. Adresse : 94 rue Choletaise 49450 Saint-Macaire-en-Mauges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
23/09/2009	Bodacc B	Modification et mutation diverse
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 688 - 339 899 940 RCS Angers. IKKS GROUP. Forme : Société par actions simplifiée. Commentaires : Modification survenue sur la dénomination.
23/09/2009	Bodacc C	Comptes annuels et rapports
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 4325 - 339899940 RCS. MARQUES ASSOCIEES. Forme : Société par actions simplifiée. Adresse : 94 rue Choletaise 49450 Saint-Macaire-en-Mauges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
24/07/2009	Bodacc A	Vente et cession : Vendeur
76 - SEINE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE ROUEN 1580 - 624 500 195 RCS Paris. ZANNIER SAS. Forme : Société par actions simplifiée. Adresse : 6 bis rue Gabriel Laumain, 75010 Paris 10. Origine du fonds : acquis par achat au prix stipulé de 240000 Euros. Etablissement : Etablissement complémentaire. Activité : Prêt à porter enfants et juniors, accessoires s'y rapportant. Adresse : Centre Commercial Saint-Sever Local 228 B, 76000 Rouen. Précédent propriétaire : MARQUES ASSOCIEES. 339 899 940 RCS Angers. Date de commencement de l’activité : 22/06/2009. Publication légale : Les Affiches de Normandie du 01/07/2009. Oppositions : au fonds vendu avec envoi de la correspondance chez Me Gabriel CHAUSSE 15, rue Honoré de Balzac BP. 15 42271 Saint-Priest-en-Jarez. Commentaires : Autre achat, apport, attribution.
26/12/2008	Bodacc B	Modification et mutation diverse
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 1256 - 339 899 940 RCS Angers. MARQUES ASSOCIEES. Forme : Société par actions simplifiée. Capital : 27000000 EUR. Commentaires : Modification survenue sur le capital.
19/08/2008	Bodacc C	Comptes annuels et rapports
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 5994 - 339899940 RCS. MARQUES ASSOCIEES. Forme : Société par actions simplifiée. Adresse : 94 rue Choletaise 49450 Saint-Macaire-en-Mauges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
08/02/2008	Bodacc B	Modification et mutation diverse
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 1956 - 339 899 940 RCS Angers. MARQUES ASSOCIEES. Forme : Société par actions simplifiée. Capital : 45734.71 EUR. Commentaires : Modification survenue sur le capital.
19/11/2007	Bodacc C	Avis de dépôt des comptes
6129 - 339 899 940. RCS Angers MARQUES ASSOCIEES. Forme: Société par actions simplifiée. Adresse du siège social: Z I. - rue de l'Industrie, 49280 La Seguiniere. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
05/10/2007	Bodacc B	Modifications et mutations diverses
1338 - RCS Angers B 339 899 940. RC 87-B 52. MARQUES ASSOCIEES. Sigle : IKKS. Forme : S.A.S. Capital : 47 048 000 euros. Adresse du siège social : 94 rue Choletaise,, 49450 Commentaires : modification survenue sur le capital (augmentation) et l'adresse du siège social. Date d'effet : 26 juin 2007.
18/03/2007	Bodacc B	Modifications et mutations diverses
896 - RCS Angers B 339 899 940. RC 87-B 52. MARQUES ASSOCIEES. Forme : S.A.S. Capital : 25 048 000 euros. Adresse du siège social : Z.I., rue de l'Industrie,, 49280 Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 22 décembre 2006.
01/03/2007	Bodacc B	Modifications et mutations diverses
0791 - RCS Angers B 339 899 940. RC 87-B 52. MARQUES ASSOCIEES. Forme : S.A.S. Adresse du siège social : Z.I., rue de l'Industrie,, 49280 Commentaires : modification survenue sur l'administration. Administration : président : FINANCIERE ZANNIER, représentée par MOLTER (Bernard) (Nom d'usage : MOLTER). Directeur général : CAUCHE (Pierre, André) (Nom d'usage : CAUCHE). Commissaire aux comptes titulaire : ROSIER (Olivier) (Nom d'usage : ROSIER). Commissaire aux comptes suppléant : JULLIEN (Joël) (Nom d'usage : JULLIEN). Date d'effet : 4 décembre 2006.
12/10/2006	Bodacc C	Avis de dépôt des comptes
3089 - RCS Angers B 339 899 940. RC 87-B 52. MARQUES ASSOCIEES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: Z I - rue de l'Industrie,49280 La Seguiniere. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
04/05/2006	Bodacc B	Modifications et mutations diverses
1088 - RCS Angers B 339 899 940. RC 87-B 52. MARQUES ASSOCIEES. Forme : S.A.S. Activité : création, fabrication, commercialisation de tous produits et d'accessoires d'habillement. Adresse du siège social : Z.I., rue de l'Industrie,, 49280 Commentaires : modification survenue sur l'activité. Date d'effet : 1er janvier 2006.
11/04/2006	Bodacc B	Modifications et mutations diverses
1208 - RCS Angers B 339 899 940. RC 87-B 52. MARQUES ASSOCIEES. Forme : S.A.S. Adresse du siège social : Z.I., rue de l'Industrie,, 49280 Commentaires : modification survenue sur l'administration. Administration : président : GENERATION Y.2.K., représentée par MOLTER (Bernard) (Nom d'usage : MOLTER). Directeur général : CAUCHE (Pierre, André) (Nom d'usage : CAUCHE). Commissaire aux comptes titulaire : ROSIER (Olivier) (Nom d'usage : ROSIER). Commissaire aux comptes suppléant : JULLIEN (Joël) (Nom d'usage : JULLIEN). Date d'effet : 9 décembre 2005.
02/09/2005	Bodacc C	Avis de dépôt des comptes
3346 - RCS Angers B 339 899 940. RC 87-B 52. MARQUES ASSOCIEES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: Z I - rue de l'Industrie,49280 La Seguiniere. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
18/08/2004	Bodacc A	Création d'établissement
RCS B 339899940 RC 04-B 583 MARQUES ASSOCIEES. Sigle : IKKS. Forme : S.A.S. Adresse du siège social : Z.I., rue de l' Industrie, 49300 La Séguinière ETABLISSEMENT SECONDAIRE. Activité : création, fabrication, commercialisation de tous produits d' habillement et d'accessoires d' habillement. Adresse : 32 rue Piron, 21000 Dijon Etablissement secondaire acquis par achat au prix stipulé de 250 000 euros Date de début d'activité: 1 e r juillet 2004. Précédent propriétaire : S. A.R.L. ARTH FASHION. RCS B 431970789 Publication légale: Le Journal du Palais du 12 juillet 2004. Oppositions : Etude de M e s Bruchon Courlet de Vrégille, notaires associés, 6 rue de l' Ecole-de-Droit, 21000 Dijon.
26/02/2004	Bodacc A	Création d'établissement
RCS B 339899940 RC AP-B 40077 MARQUES ASSOCIEES. Forme : S.A.S. Capital : 45 734, 71 euros. Adresse du siège social : Z.I., 3 rue de l'Industrie, 49280 La Séguinière Etablissement principal: Activité : vente au détail d'articles de confection et d'accessoires. Adresse : 20 cours de l'Intendance, 33000 Bordeaux Etablissement principal acquis par cession au prix stipulé de 630 000 euros. Date d'effet : 15 décembre 2003. Précédent propriétaire : SOCIETE POUR LA CREATION ET LA GESTION DE BOUTIQUES. RCS 301570826 Publication légale: Les Echos judiciaires girondins du 30 janvier 2004. Oppositions : au fonds pour la validité et S.E.J.E.F., 15 rue Honoré- de-Balzac, 42270 Saint-Priest-en-Jarez.
04/09/2003	Bodacc B	Modifications et mutations diverses
RCS Angers B 339899940 RC 87-B 52 MARQUES ASSOCIEES. Forme : S.A.S. Adresse du siège social : Z.I., rue de l' Industrie, 49280 La Séguinière. Commentaires : modification survenue sur l'administration. Administration : président : PERMIS DE CONSTRUIRE, représentée par MOLTER (Bernard) ( Nom d'usage : MOLTER). Directeur général : CAUCHE (Pierre, André) ( Nom d'usage : CAUCHE). Commissaire aux comptes titulaire : ROSIER (Olivier) ( Nom d' usage : ROSIER). Commissaire aux comptes suppléant : JULLIEN (Joel) ( Nom d'usage : JULLIEN). Date d'effet : 5 juin 2003.
23/05/2003	Bodacc A	Création d'établissement
RCS B 339899940 A dater du: 14 avril 2003 RC 03-B 113 MARQUES ASSOCIEES. Forme : S.A.S. Adresse du siège social : Z. I. rue de l'Industrie, 49280 La Séguinière ETABLISSEMENT SECONDAIRE. Activité : vente au détail d'habillement. Adresse : 26 rue de la Vieille- Poissonnerie, 59300 Valenciennes Etablissement secondaire acquis par achat au prix stipulé de 114 336,76 euros. Date d'effet : 1 e r janvier 2003. Précédent propriétaire : DE BOEVERE Christophe. RCS Valenciennes A 329309215 Publication légale: La Gazette du Nord Pas-de-Calais du 17 avril 2003. Oppositions : magasin Z, rue de Paris et place d'Armes (angle), Valenciennes et à la S.C.P. Gérard Chatagnon, notaires, 13 B avenue Jean-Jaurès, 42-Fleurs, pour la correspondance.
11/09/2001	Bodacc B	Modifications et mutations diverses
RCS Angers B 339899940 RC 87-B 52 MARQUES ASSOCIEES. Forme : S.A.S. Capital : 300 000 F. Adresse du siège social : Z.I., rue de l'Industrie, 49280 La Séguinière. Commentaires : modification survenue sur l'administration. Administration : président : PERMIS DE CONSTRUIRE, représentée par MOLTER (Bernard) ( Nom d'usage : MOLTER). Directeur général : CAUCHE (Pierre, André) ( Nom d'usage : CAUCHE). Commissaire aux comptes titulaire : YZAMBART (Philippe) ( Nom d' usage : YZAMBART). Commissaire aux comptes suppléant : PS AUDIT. Date d'effet : 15 juin 2001.
11/03/2001	Bodacc B	Modifications et mutations diverses
RCS Angers B 339899940 RC 87-B 52 MARQUES ASSOCIEES. Forme : S.A.S. Capital : 300 000 F. Adresse du siège social : Z.I., rue de l'Industrie, 49280 La Séguinière. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : président : PERMIS DE CONSTRUIRE, représentée par MOLTER ( Bernard) ( Nom d'usage : MOLTER). Commissaire aux comptes titulaire : YZAMBART (Philippe) ( Nom d'usage : YZAMBART). Commissaire aux comptes suppléant : PSAUDIT. Date d'effet : 27 novembre 2000.
20/12/2000	Bodacc B	Modifications et mutations diverses
RCS Angers B 339899940 RC 87-B 52 MARQUES ASSOCIEES S.A. Forme : S.A. Capital : 300 000 F. Adresse du siège social : Z.I., rue de l'Industrie, 49280 La Séguinière. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : MOLTER (Bernard) ( Nom d'usage : MOLTER). Administrateurs : GENERATION Y 2K, représentée par ZANNIER (Emilie) ( Nom d'usage : ZANNIER) ZANNIER S.A., représentée par SERIS (François) ( Nom d'usage : SERIS) CENTRALE D'ACHATS ZANNIER, représentée par JOSSE (Loic) ( Nom d'usage : JOSSE). Commissaire aux comptes titulaire : YZAMBART (Philippe) ( Nom d'usage : YZAMBART). Commissaire aux comptes suppléant : P.S. AUDIT. Date d'effet : 29 septembre 2000.
06/12/2000	Bodacc B	Modifications et mutations diverses
RCS Angers B 339899940 RC 87-B 52 MARQUES ASSOCIEES S.A. Forme : S.A. Capital : 300 000 F. Adresse du siège social : Z.I., rue de l'Industrie, 49280 La Séguinière. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : LE GOFF (Gérard) ( Nom d'usage : LE GOFF). Administrateurs : GENERATION Y 2K, représentée par MOLTER (Bernard) ( Nom d'usage : MOLTER) ZANNIER S.A., représentée par SERIS (François) ( Nom d'usage : SERIS). Commissaire aux comptes titulaire : YZAMBART (Philippe) ( Nom d'usage : YZAMBART). Commissaire aux comptes suppléant : P.S. AUDIT. Date d'effet : 22 aout 2000.
09/04/2000	Bodacc B	Modifications et mutations diverses
RCS Angers B 339899940 RC 87-B 52 MARQUES ASSOCIEES S.A. Forme : S.A. Adresse du siège social : Z.I., rue de l' Industrie, 49280 La Séguinière. Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration : LE GOFF (Gérard) ( Nom d'usage : LE GOFF). Administrateurs : PASQUIER ( Marie, Thérèse) ( Nom d'usage : PAPIN) CAUCHE (Pierre, André) ( Nom d'usage : CAUCHE) GENERATION Y 2K, représentée par SALMON (Paul) ( Nom d'usage : SALMON). Commissaire aux comptes titulaire : YZAMBART (Philippe) ( Nom d' usage : YZAMBART). Commissaire aux comptes suppléant : PSAUDIT. Date d'effet : 17 janvier 2000.
22/12/1999	Bodacc B	Modifications et mutations diverses
RCS Angers B 339899940 RC 87-B 52 MARQUES ASSOCIEES S.A. Forme : S.A. Adresse du siège social : Z.I., rue de l' Industrie, 49280 La Séguinière. Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration : LE GOFF (Gérard) ( Nom d'usage : LE GOFF). Administrateurs : PASQUIER ( Marie, Thérèse) ( Nom d'usage : PAPIN) THOMAS (Monique) ( Nom d'usage : SALMON) CAUCHE (Pierre, André) ( Nom d'usage : CAUCHE) S.G.P., représentée par SALMON (Paul) ( Nom d' usage : SALMON). Commissaire aux comptes titulaire : YZAMBART (Philippe) ( Nom d'usage : YZAMBART). Commissaire aux comptes suppléant : PSAUDIT. Date d'effet : 29 octobre 1999.
24/10/1999	Bodacc B	Modifications et mutations diverses
RCS Angers B 339899940 RC 87-B 52 MARQUES ASSOCIEES S.A. Forme : S.A. Adresse du siège social : Z.I., rue de l' Industrie, 49280 La Séguinière. Commentaires : modification survenue sur l'administration. Changement d'adresse personnelle d'un administrateur. Administration : président du conseil d' administration : LE GOFF (Gérard) ( Nom d'usage : LE GOFF). Administrateurs : PASQUIER (Marie, Thérèse) ( Nom d'usage PAPIN) THOMAS (Monique) ( Nom d'usage SALMON) DELALANDE (Gilles) ( Nom d' usage : DELALANDE) CAUCHE (Pierre, André) ( Nom d'usage : CAUCHE) S.G.P. représentée par SALMON (Paul) ( Nom d' usage : SALMON). Commissaire aux comptes titulaire : YZAMBART (Philippe) ( Nom d'usage : YZAMBART). Commissaire aux comptes suppléant : PSAUDIT. Date d'effet : 6 mai 1999.
22/10/1999	Bodacc A	Création d'établissement
RCS Grenoble 339899940 A dater du: 6 octobre 1999 RC 99-B 0983 MARQUES ASSOCIEES S.A. Forme : S.A. Adresse du siège social : Z.I., rue de l'Industrie, 49280 La Séguinière ETABLISSEMENT SECONDAIRE. Activité : pret-à-porter pour hommes, femmes et enfants, accessoires. Adresse : 2 rue de Bonne, 38000 Grenoble Etablissement secondaire acquis par achat au prix stipulé de 3 150 000 F Date de début d'activité: 1er aout 1999. Précédent propriétaire : S.A. VERANNE. RCS Grenoble 332909910 Publication légale: Les Affiches de Grenoble et du Dauphiné du 6 aout 1999. Oppositions : Me Deschamps, 5 avenue du Médecin-Général- Viallet, 38120 Saint-Egrève.
15/08/1998	Bodacc B	Modifications et mutations diverses
RCS Nancy B 339 899 940 A dater du: 25 juin 1998 MARQUES ASSOCIEES S.A. Forme : S.A. Adresse du siège social : Z.I., rue de l'Industrie 49280 La Séguinière ETABLISSEMENT SECONDAIRE. Enseigne : I.K. K.S. Activité : vente d'articles de confection pour enfants et juniors. Adresse : 18 rue des Dominicains 54000 Nancy Etablissement secondaire acquis par achat Date de début d'activité: 25 mars 1998 Date du premier avis publié au BODACC: 2 mai 1998.
02/05/1998	Bodacc A	Création d'établissement
RCS Angers B 339 899 940 MARQUES ASSOCIES S.A. Sigle : I.K.K.S. Forme : S.A. Adresse du siège social : Z.I. de l' Industrie 49280 La Séguinière ETABLISSEMENT SECONDAIRE. Activité : vente par tous moyens d'articles se rapportant à l'habillement en général, pour hommes, femmes et enfants de tous objets, de toutes marchandises et de tous articles textiles pour la maison. Adresse : 18 rue des Dominicains 54000 Nancy Etablissement secondaire acquis par achat au prix stipulé de 2 000 000 de F Date de début d'activité: 10 mars 1998. Précédent propriétaire : S.A. CYRILLUS. RCS Nancy B 308 336 023 Publication légale: L'Est éco du 12 mars 1998. Oppositions : Me Mayeux, notaire, 4 rue Saint-Nicolas, Nancy.
21/06/1997	Bodacc A	Création d'établissement
RCS Angers B 339 899 940 MARQUES ASSOCIEES S.A. Sigle : I.K.K.S. Forme : S. A. Adresse du siège social : zone industrielle, rue de l'Industrie, 49280 La Séguinière ETABLISSEMENT SECONDAIRE Aix-en-Provence B RC 96-B 952. Adresse : centre commercial Avant- Cap, local no 62, 13480 Plan-de- Campagne Fonds complémentaire acquis par achat au prix stipulé de 260 000 F Etablissement Complémentaire. Activité : vente de pret-à-porter pour enfant, junior et accessoires. Enseigne : I.K.K.S. Adresse : 32, rue Bédarrides, 13100 Aix- en-Provence. Date d'effet : 15 janvier 1997 Précédente propriétaire SOCIETE MILLE SABORDS RC 94-B 532 Publication légale: Les Nouvelles Publications du 21 mars 1997. Oppositions : au siège du fonds vendu.
25/04/1997	Bodacc A	Création d'établissement
RCS Angers B 339 899 940 MARQUES ASSOCIEES. Forme : S.A. Capital : 300 000 F. Activité : achat et vente de vetements pour enfants. Adresse du siège social : zone industrielle de l'Industrie, 49280 La Séguinière. Administration : président du conseil d'administration : LE GOFF (Gérard). Fonds acquis par achat au prix stipulé de 260 000 F ETABLISSEMENT SECONDAIRE. Adresse : 32, rue Bédarrides, 13100 Aix-en-Provence. Date d'effet : 15 janvier 1997 Précédente propriétaire MILLE SABORDS. RCS Aix-en-Provence B 394 654 800 Publication légale: Les Nouvelles Publications du 21 mars 1997. Oppositions : au fonds vendu.
09/10/1996	Bodacc A	Création d'établissement
RCS Angers B 339 899 940 MARQUES ASSOCIEES S.A. Forme : S.A. Capital : . Adresse du siège social : Z.I., rue de l' Industrie 49280 La Séguinière ETABLISSEMENT SECONDAIRE RC Aix-en- Provence 96-B 952. Enseigne : I.K.K.S. Activité : vente au détail de pret-à- porter pour enfants et juniors, accessoires. Adresse : centre commercial Avant Cap, local n° 62 Plan-de-Campagne 13480 Cabriès Etablissement secondaire acquis par achat au prix stipulé de 900 000 F Date de début d'activité: 1er aout 1996. Précédent propriétaire : JUNIOR ENTREPRISE. RCS Aix-en-Provence B 382 739 993 RC 91-B 865 Publication légale: Le Régional du 1er aout 1996. Oppositions : au fonds.
18/09/1996	Bodacc A	Création d'établissement
RCS Angers B 339 899 940 MARQUES ASSOCIEES S.A. Forme : S.A. Capital : 300 000 F. Adresse du siège social : 3 rue de l'Industrie B.P. 30 49280 La Séguinière. Administration : ROCHAIS (Christine) Etablissement principal: Adresse : centre commercial Avant Cap, local n° 62, Plan de Campagne 13480 Cabriès. Activité : pret-à-porter pour enfants, juniors et accessoires s'y rapportant Etablissement principal acquis par achat au prix stipulé de 900 000 F. Date d'effet : 1er aout 1996. Précédent propriétaire : JUNIOR ENTREPRISE. RCS Aix- en-Provence B 389 739 993 Publication légale: Le Régional du 1er aout 1996. Oppositions : Bureau d'Etudes Fiscales, société d'avocats, 29 rue Paradis, 13001 Marseille et au fonds.
14/07/1996	Bodacc A	Création d'établissement
RCS B 339 899 940 RC 96-B 9214 MARQUES ASSOCIEES. Forme : S.A. Capital : . Adresse du siège social : Z.I., rue de l' Industrie 49280 La Séguinière Etablissement principal: Adresse : 140 rue de Rivoli 75001 Paris. Activité : commercialisation, création de tous produits d'habillement et d'accessoires, vente de pret-à-porter Etablissement principal acquis par achat au prix stipulé de 3 500 000 F Date de début d' activité: 30 juin 1996. Précédent propriétaire : F-ERRARIE. RCS B 330 254 483 Publication légale: La Loi du 21 juin 1996. Oppositions : Séquestre Juridique de l'Ordre des Avocats, 9 place Dauphine, 75001 Paris.
27/04/1996	Bodacc A	Création d'établissement
RCS Angers B 339 899 940 A dater du: 22 mars 1996 MARQUES ASSOCIES S.A. Sigle : I.K.K.S. Forme : S.A. Adresse du siège social : zone industrielle, rue de l' Industrie, 49280 La Séguinière Fondé de pouvoir: LE GOFF (Gérard) ETABLISSEMENT SECONDAIRE Chalon-sur- Saone B RC 96-B 88. Activité : vente d' articles d'habillement enfants et juniors. Enseigne : I.K.K.S. Compagnie. Adresse : 20, rue du Chatelet, 71100 Chalon-sur-Saone Fonds secondaire acquis par achat au prix stipulé de 850 000 F Date de début d'activité: 2 mars 1996 Précédente propriétaire S.A.R.L. REYTA. RCS Chalon-sur-Saone B 335 337 952 Publication légale: Documents A.P. - Bourgogne Franche Comté du 23 février 1996. Oppositions : S.C.P. Griveaux, Menand et Lanel, 11, boulevard de la République, 71100 Chalon-sur-Saone.
17/05/1995	Bodacc A	Création d'établissement
RCS Angers B 339 899 948 MARQUES ASSOCIEES. Forme : S.A. Capital : 300 000 F. Adresse du siège social : rue de l' Industrie, zone industrielle, 49280 La Séguinière. Administration : président- directeur général : Mme HUSSER (Marie- Louise) Etablissement principal: Activité : droit au bail. Adresse : 126 Grand'Rue, 67000 Strasbourg Droit au bail dépendant du fonds principal acquis par achat au prix stipulé de 2 000 000 de F. Date d'effet : 3 juin 1995 Précédente propriétaire ETABLISSEMENTS WEISER. RCS Strasbourg B 738 503 036 RC 73-B 303 Publication légale: Les Affiches Moniteur du 11-14 avril 1995. Oppositions : Me Krantz, 9 rue de la Gare, 67610 La Wantzenau.

Company events history

Date	Description
10/08/2014	Bodacc B: Various editing or changing
01/08/2014	Legal Gazette: Resignation / Revocation of the social representative
29/07/2014	Updated articles of association
29/07/2014	New chairman (CEO, CoB)
29/07/2014	Minutes of general meeting of shareholders
24/07/2014	Minutes of general meeting of shareholders
24/07/2014	Updated articles of association
24/07/2014	Amendment
08/07/2014	Legal Gazette: Appointment of the social representative
25/06/2014	Minutes of general meeting of shareholders
25/06/2014	New auditor
21/01/2014	Update Rating
19/12/2013	Updated articles of association
19/12/2013	Amendment
16/07/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
03/07/2013	Minutes of general meeting of shareholders
03/07/2013	Updated articles of association
26/04/2013	Legal Gazette: End of rent-management
31/12/2012	New accounts available
12/09/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/08/2012	Bodacc C : Deposit accounts notice
23/03/2012	Legal Gazette: Start of rent-management
07/01/2012	New subsidiarie(s) detected
07/01/2012	New ultimate parent
06/01/2012	New parent detected
31/12/2011	New accounts available
15/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
29/08/2011	Bodacc C : Deposit accounts notice
31/12/2010	New accounts available
09/09/2010	Bodacc C : Deposit accounts notice
12/03/2010	Payment incident closed
31/12/2009	New accounts available
23/09/2009	Bodacc C : Deposit accounts notice
23/09/2009	Bodacc B: Various editing or changing
01/09/2009	PV d'Assemblée
01/09/2009	Updated articles of association
01/09/2009	Minutes of general meeting of shareholders
01/09/2009	New company name
01/09/2009	Changement de dénomination sociale
01/09/2009	Statuts mis à jour
24/07/2009	Bodacc A : Sale and transfer
30/06/2009	Modification to Company Identifier
30/06/2009	Update of Company Name
25/02/2009	Payment incident detected
31/12/2008	Update of Company Activity
31/12/2008	Update of Company Workforce
31/12/2008	Modification of Company Activity
31/12/2008	New accounts available
26/12/2008	New Bodacc B ads detected
26/12/2008	Bodacc B: Various editing or changing
08/12/2008	Updated articles of association
08/12/2008	Statuts mis à jour
08/12/2008	Minutes of general meeting of shareholders
08/12/2008	PV d'Assemblée
08/12/2008	Private document
08/12/2008	Augmentation de Capital
08/12/2008	Capital increase
26/11/2008	Other modification of Establishment
29/08/2008	Collection of preferential rights activated for this company
19/08/2008	Bodacc C : Deposit accounts notice
08/02/2008	New Bodacc B ads detected
08/02/2008	Bodacc B: Various editing or changing
02/01/2008	Updated articles of association
02/01/2008	Statuts mis à jour
02/01/2008	Private document
02/01/2008	PV d'Assemblée
02/01/2008	Minutes of general meeting of shareholders
31/12/2007	New accounts available
19/12/2007	Other modification of Establishment
25/07/2007	Acte modificatif
25/07/2007	Transfert du Siège dans le ressort du Tribunal de Commerce
25/07/2007	Updated articles of association
25/07/2007	Statuts mis à jour
25/07/2007	Minutes of general meeting of shareholders
25/07/2007	Fund deposit certificate
25/07/2007	Certificat de dépôt des fonds
25/07/2007	Private document
25/07/2007	Registered office transferred inside jurisdiction of the Commercial Court
25/07/2007	Capital increase
25/07/2007	Augmentation de Capital
30/06/2007	Modification to Establishment Address or Identifier
13/02/2007	Augmentation de Capital
13/02/2007	Audit or Management Report
13/02/2007	Private document
13/02/2007	Updated articles of association
13/02/2007	Statuts mis à jour
13/02/2007	Capital increase
13/02/2007	Minutes of general meeting of shareholders
13/02/2007	Rapport des Commissaires ou du Gérant
13/02/2007	Acte modificatif
24/01/2007	Appointment/resignation of company officers
24/01/2007	Private document
24/01/2007	Acte modificatif
24/01/2007	Minutes of general meeting of shareholders
31/12/2006	New accounts available
07/03/2006	PV d'Assemblée
07/03/2006	Minutes of general meeting of shareholders
07/03/2006	Nomination/démission des organes de gestion
07/03/2006	Appointment/resignation of company officers
07/03/2006	Private document
07/03/2006	Acte modificatif
07/03/2006	Acte sous seing privé
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
11/07/2003	Changement de Commissaire aux Comptes
11/07/2003	Acte modificatif
11/07/2003	Acte sous seing privé
11/07/2003	PV d'Assemblée
24/02/2003	PV d'Assemblée
24/02/2003	Acte sous seing privé
24/02/2003	Fusion
24/02/2003	Déclaration de conformité
24/02/2003	Acte modificatif
24/12/2002	Acte sous seing privé
24/12/2002	Rapport des Commissaires ou du Gérant
24/12/2002	Acte modificatif
04/12/2002	Acte modificatif
04/12/2002	Requête et Ordonnance
28/11/2002	Acte modificatif
28/11/2002	Acte sous seing privé
28/11/2002	Projet de Fusion
16/07/2001	Nomination/démission des organes de gestion
16/07/2001	PV d'Assemblée
16/07/2001	Acte sous seing privé
19/02/2001	Statuts mis à jour
19/02/2001	Changement de date de clôture
19/02/2001	Nomination/démission des organes de gestion
19/02/2001	Acte modificatif
19/02/2001	Acte sous seing privé
19/02/2001	PV d'Assemblée
19/02/2001	Changement de Forme Juridique avec changement de catégorie
19/02/2001	Changement de Forme Juridique sans changement de catégorie
19/02/2001	Modification du Conseil d'Administration
29/11/2000	Acte sous seing privé
29/11/2000	Modification du Conseil d'Administration
29/11/2000	Changement de Président (PDG, PCA)
29/11/2000	Acte modificatif
29/11/2000	PV du Conseil d'Administration
29/11/2000	PV d'Assemblée
29/11/2000	Nomination/démission des organes de gestion
26/10/2000	Nomination/démission des organes de gestion
26/10/2000	PV du Conseil d'Administration
26/10/2000	Modification du Conseil d'Administration
26/10/2000	Acte modificatif
26/10/2000	Acte sous seing privé
03/03/2000	PV du Conseil d'Administration
03/03/2000	Nomination/démission des organes de gestion
03/03/2000	Acte modificatif
03/03/2000	Acte sous seing privé
03/03/2000	Modification du Conseil d'Administration
26/11/1999	Modification du Conseil d'Administration
26/11/1999	Nomination/démission des organes de gestion
26/11/1999	Acte sous seing privé
26/11/1999	PV du Conseil d'Administration
26/11/1999	PV d'Assemblée
06/10/1999	Acte modificatif
06/10/1999	Changement de date de clôture
06/10/1999	Statuts mis à jour
06/10/1999	PV d'Assemblée
06/10/1999	Acte sous seing privé
29/09/1999	PV d'Assemblée
29/09/1999	Acte sous seing privé
29/09/1999	Nomination/démission des organes de gestion
29/09/1999	Modification du Conseil d'Administration
23/12/1997	Changement de date de clôture
23/12/1997	Acte modificatif
23/12/1997	PV du Conseil d'Administration
23/12/1997	PV d'Assemblée
23/12/1997	Acte sous seing privé
23/12/1997	Statuts mis à jour
14/10/1994	PV d'Assemblée
14/10/1994	Changement de Commissaire aux Comptes
29/09/1993	Statuts mis à jour
29/09/1993	PV d'Assemblée
29/09/1993	Déclaration de conformité
29/09/1993	Changement de date de clôture
29/09/1993	Acte modificatif
29/07/1992	Statuts mis à jour
29/07/1992	PV d'Assemblée
29/07/1992	Déclaration de conformité
29/07/1992	Transfert du Siège dans le ressort du Tribunal de Commerce
29/07/1992	Changement de dénomination sociale

Establishment events history

directors

Shareholder(s)

Name	HOLDIKKS
Name of representative
Manager position	President	Date of birth
Place of birth
Type	Moral person	Name at birth

Name	M. CAUCHE PIERRE-ANDRÉ
Manager position	Managing director	Date of birth	25/04/1965
Place of birth	LENS (62)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	FINANCIERE ZANNIER	12/6/1954 - SAINT CHAMOND
President	FINANCIERE ZANNIER	12/6/1954 - SAINT CHAMOND (42)
President	GENERATION Y 2K	12/6/1954 - SAINT CHAMOND
Managing director	M PIERRE-ANDRE CAUCHE	4/25/1965 - LENS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.73
UK Pound	1	Rs.101.48
Euro	1	Rs.81.04

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIS

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%)