MIRA INFORM REPORT

Report Date :

21.08.2014

IDENTIFICATION DETAILS

Name :	FORDIS
Registered Office :	Zone Industielle, Rue Andre Ampere, 59930 La Chapelle D'armentieres
Country :	France
Date of Incorporation :	March 1992
Com. Reg. No.:	385 143 847
Legal Form :	Limited Liability Company
Line of Business :	Wholesale (business to business) of china and glassware and cleaning products (4644Z)
No of Employees :	10 to 19

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
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 01, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

EUR VAT Number		FR48385143847
Activity (APE)	Wholesale (business to business) of china and glassware and cleaning products (4644Z)		Legal form	Limited Liability Company
Phone	03 20 48 91 74		RCS Registration	RCS Lille B 385 143 847
Fax	03 20 48 91 74		Share capital	210,000 Euros
Address	FORDIS ZONE INDUSTIELLE RUE ANDRE AMPERE 59930 LA CHAPELLE D'ARMENTIERES		Incorporated Date
Nationality	France		Status	Economically active

No social security and tax office preferential right to date

Current Directors

3

Trading to Date	06/30/2003
Turnover	11,652,389 €
Gross Operating Surplus	12.60 % Turnover
Shareholders’ equity	1,616,667 €
Net result	546,779 €
Employees	10 to 19 employees

No trends info for the company

company details

Company details

Activity (APE)	Wholesale (business to business) of china and glassware and cleaning products (4644Z)
RCS Registration	RCS Lille B 385 143 847	Share capital	210,000 Euros
Registration Court	Lille (59)	Legal form	Limited Liability Company
Court Registry Number	98 B 01259	EUR VAT Number	FR48385143847
Incorporation Date		Formation Date	03/1992
Deregistration Date		Last account Date	30/06/2003
Nationality	France

Establishment details

Activity (APE)	Wholesale (business to business) of china and glassware and cleaning products (4644Z)	Business Pages FT®	PUBLICITE PAR L'OBJET
Postal Address	FORDIS ZONE INDUSTIELLE RUE ANDRE AMPERE 59930 LA CHAPELLE D'ARMENTIERES	Trading Address	RUE ANDRE AMPERE 59930 LA CHAPELLE D'ARMENTIERES
Telephone	03 20 48 91 74
Fax	03 20 48 91 74

Type	Head office (one site company)	Status	Economically active
Formation Date	11/1998	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Nord (59)	Region	Nord-Pas-de-Calais
District	5	Area	02
City	LA CHAPELLE D'ARMENTIERES	Size of urban area

Other establishments

Branches	0 branch entities in this company
Head office	> FORDIS <<< - Commerce de gros (commerce interentreprises) de vaisselle, verrerie et produits d'entretien (4644Z) in LA CHAPELLE D'ARMENTIERES (59930)
Secondary establishments

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

Workforces

Workforce at address

10 to 19 employees

Company workforce

10 to 19 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/06/2003
Account period (month)	12
Account Type	Normal
Date of capture	-
Activity Code	4644Z
Employees	15	-	-

Active account

Annual Accounts	30/06/2003	Sector Median2003
Capital not called	0	0	0%
Total fixed assets	196,944	32,638.50	503.4%
- Intangible assets	11,438	321.50	3457.7%
- Tangible assets	182,796	14,879.50	1128.5%
- Financial assets	2,710	1,592	70.2%
Net current assets	3,761,009	258,820.50	1353.1%
- Stocks	1,682,043	65,795.50	2456.5%
- Advanced payments	0	0	0%
- Receivables	2,058,792	140,538.50	1364.9%
- Securities and cash	20,174	23,508	-14.2%
- Prepaid expenses	-	416	-
Accounts of regularization	0	0	0%
Total Assets	3,957,953	335,155	1080.9%

Passive Account

Annual Accounts	30/06/2003	Sector Median2003
Shareholders' equity	1,616,667	85,328	1794.7%
Share capital	210,000	22,433.50	836.1%
Other capital resources	0	0	0%
Risk Provisions	0	0	0%
Liabilities	2,320,702	217,170	968.6%
- Financial liabilities	581,895	33,974	1612.8%
- Advanced payments received	0	0	0%
- Trade account payables	1,396,332	85,675.50	1529.8%
- Tax and social liabilities	241,295	60,083.50	301.6%
- Other debts and fixed assets liabilities	121,765	5,811	1995.4%
Account regularization	0	0	0%
Total liabilities	3,957,953	335,155	1080.9%

Results

Annual Accounts	30/06/2003	Sector Median2003
Sales of Goods	11,708,104	614,473.50	1805.4%
Net turnover	11,652,389	605,695	1823.8%
- of which net export turnover	3,173,244	0	0%
Operating charges	10,292,948	587,700	1651.4%
Operating profit/loss	1,415,156	19,340	7217.2%
Financial income	173,160	28.50	607478.9%
Financial charges	674,175	2,827	23747.7%
Financial profit/loss	-501,016	-1,231	-40599.9%
Pretax net operating income	914,140	17,092.50	5248.2%
Extraordinary income	15,848	1,154	1273.3%
Extraordinary charges	40,753	860.50	4636.0%
Extraordinary profit/loss	-24,905	0	0%
Net result	546,779	13,911.50	3830.4%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/06/2003
Months	12

Accounts - Active

Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			30/06/2003
	Grand Total (I to VI)	Net	3,957,953
	Gross	CO	4,215,576
	Amortisation	1A	257,623

Non declared distributed capital (I)

		30/06/2003
Non declared distributed capital (I)	AA3	0
Gross	AA	-

Active fixed asset (II)

			30/06/2003
	Total Active fixed asset (II)	Net	196,944
	Gross	BJ	397,918
	Amortisation	BK	200,974

Intangilble fixed assets

			30/06/2003
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R & D expenses	Net	0
	Gross	CX	0
	Amortisation	AE	0
	Distributorships, patents	Net	11,438
	Gross	AF	39,201
	Amortisation	AG	27,763
	Goodwill	Net	0
	Gross	AH	0
	Amortisation	AI	0
	Other intangible fixed assets	Net	0
	Gross	AJ	0
	Amortisation	AK	0
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0
Sub Total Intangible Assets		Net	11,438

Tangilble fixed assets

			30/06/2003
	Lands	Net	0
	Gross	AN	0
	Amortisation	AO	0
	Buildings	Net	23,591
	Gross	AP	54,897
	Amortisation	AQ	31,306
	Plant	Net	13,562
	Gross	AR	30,200
	Amortisation	AS	16,638
	Other tangible fixed assets	Net	145,643
	Gross	AT	265,799
	Amortisation	AU	120,156
	Fixed assets in construction	Net	0
	Gross	AV	0
	Amortisation	AW	0
	Advances and payments on account	Net	0
	Gross	AX	0
	Amortisation	AY	0
	Sub Total Tangible asset	Net	182,796

Financial assets

			30/06/2003
	Associates at equity	Net	0
	Gross	CS	0
	Amortisation	CT	0
	Other participations	Net	0
	Gross	CU	5,110
	Amortisation	CV	5,110
	Inter-company receivables	Net	0
	Gross	BB	0
	Amortisation	BC	0
	Other investment securities	Net	0
	Gross	BD	0
	Amortisation	BE	0
	Loans	Net	0
	Gross	BF	0
	Amortisation	BG	0
	Other financial assets	Net	2,710
	Gross	BH	2,710
	Amortisation	BI	0
	Sub Total Financial Assets		2,710

Current Assets (III)

			30/06/2003
	Total Assets	Net	3,761,009
	Gross	CJ	3,817,657
	Amortisation	CK	56,649

Stocks

			30/06/2003
	Raw materials	Net	0
	Gross	BL	0
	Amortisation	BM	0
	Work in progress (goods)	Net	0
	Gross	BN	0
	Amortisation	BO	0
	Work in progress (services)	Net	0
	Gross	BP	0
	Amortisation	BQ	0
	Semi-finished and finished products	Net	0
	Gross	BR	0
	Amortisation	BS	0
	Goods for resale	Net	1,682,043
	Gross	BT	1,726,367
	Amortisation	BU	44,324
	Sub Total Stocks	Net	1,682,043

Advance payments to suppliers

			30/06/2003
	Advance payments to suppliers	Net	0
	Gross	BV	0
	Amortisation	BW	0

Debtors

			30/06/2003
	Trade accounts receivable	Net	1,461,417
	Gross	BX	1,473,741
	Amortisation	BY	12,324
	Other debtors	Net	586,955
	Gross	BZ	586,955
	Amortisation	CA	0
	Capital subscribed and called up	Net	0
	Gross	CB	0
	Amortisation	CC	0
	Sub Total Debtors	Net	2,048,372

Divers

			30/06/2003
	Investment securities	Net	0
	Gross	CD	0
	Amortisation	CE	0
	Cash and cash equivalents	Net	20,174
	Gross	CF	20,174
	Amortisation	CG	0
	Sub Total Divers	Net	20,174

Prepaid expenses

			30/06/2003
	Prepaid expenses	Net	10,420
	Gross	CH	10,420
	Amortisation	CI	0

Equalization accounts (IV to VI)

		30/06/2003
Multi-period charges	CW3	0
Gross		-
Premiums on redemption of bonds	CM3	0
Gross		-
Currency differential gain	CN3	0
Gross		-

References

		30/06/2003
Due within one year	CP	0
Due after one year	CR	14,785

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)

		30/06/2003
Grand Total (I to V)	EE	3,957,953

Shareholder Equity (I)

			30/06/2003
	Total shareholders' equity (Total I)	DL	1,616,667
	Equity and shareholders' equity	DA	210,000
	Issue and merger premiums	DB	0
	Revaluation differentials	DC	0
	Of which equity differential	EK	0
	Legal reserve	DD	21,000
	Statutory or contractual reserve	DE	838,888
	Special regulated reserves	DF	0
	Of which special reserve of provisions for current fluctuation	B1	0
	Other reserves	DG	0
	Of which reserve for buying originals works from alive artists	EJ	0
	Profits or losses brought forward	DH	0
	Profit or loss for the period	DI	546,779
	Investment grants	DJ	0
	Special tax-allowable reserves	DK	0

Other capital resources (II)

			30/06/2003
	Total other capital resources (Total II)	DO	0
	Income from participating securities	DM	0
	Conditional loans	DN	0

Provisions for risks and charges (III)

			30/06/2003
	Total provisions for risks and charges (Total III)	DR	0
	Risk provisions	DP	0
	Reserves for charges	DQ	0

Liabilities (IV)

			30/06/2003
	Total Liabilities (Total IV)	EC	2,320,702
	Convertible debentures	DS	0
	Other debentures	DT	0
	Bank loans and liabilities	DU	378,458
	Sundry loans and financial liabilities	DV	203,437
	Of which participating loans	EI	0
	Advance payments received for current orders	DW	0
	Trade accounts payables	DX	1,396,332
	Tax and social security liabilities	DY	241,295
	Fixed asset liabilities	DZ	0
	Other debts	EA	101,180

Translation loss (V)

		30/06/2003
Translation loss (Total V)	ED	20,585

Equalization accounts

		30/06/2003
Deferred income	EB	0

References

		30/06/2003
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	2,283,142
Of which current bank facilities	EH	309,423

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)

		30/06/2003
Operating result (Total I-II)	GG	1,415,156

2 -Financial result(V - VI)

		30/06/2003
Financial result (Total V-VI)	GV	-501,016

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

		30/06/2003
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	914,140

4 -Extraordinary result(VII-VIII)

		30/06/2003
Extraordinary result (Total VII-VIII)	HI	-24,905

Profit or loss

		30/06/2003
Profit or loss	HN	546,779

Total Income (I+III+V+VII)

		30/06/2003
Total Income (I+III+V+VII)	HL	11,897,111

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

		30/06/2003
Total charges (Total II+IV+VI+VIII+IX+X)	HM	11,350,333

Operating income(I)

		30/06/2003
Total operating income (Total I)	FR	11,708,104

Operating income (details)

			30/06/2003
	Sale of goods for resale	FC	11,584,220
	France	FA	8,410,976
	Export	FB	3,173,244
	Sale of goods produced	FF	0
	France	FD	0
	Export	FE	0
	Sale of services	FI	68,169
	France	FG	68,169
	Export	FH	0
	Net turnover	FL	11,652,389
	France	FJ	8,479,144
	Export	FK	3,173,244
	Stocked production	FM	0
	Self-constructed assets	FN	0
	Operating grants	FO	610
	Release of reserves and provisions	FP	49,089
	Other income	FQ	6,016

Operating charges(II)

		30/06/2003
Total operating charges (Total II)	GF	10,292,948

Exploitation charges

		30/06/2003
Purchase of goods for resale	FS	8,188,603
Change in stocks of goods for resale	FT	-97,621
Purchase of raw materials	FU	65,703
Change in stocks of raw materials	FV	0
Other external purchases and charges	FW	1,594,505
Tax, duty and similar payments	FX	49,076
Payroll	FY	291,231
Social security costs	FZ	93,877

Depreciation

		30/06/2003
Depreciation of fixed assets	GA	53,555
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	52,113
Provisions for risks and charges	GD	0

Other charges

		30/06/2003
Other charges	GE	1,906

Operating charges (III-IV)

		30/06/2003
Share of joint-venture transferred to other partner(s) (Total III)	GH	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0

Financial income(V)

			30/06/2003
	Total financial income (Total V)	GP	173,160
	Share financial income	GJ	0
	Other investment income & capitalised receivables	GK	0
	Other interest and similar income	GL	23
	Released provisions and transferred charges	GM	27,536
	Exchange gains	GN	145,601
	Net income from disposal of investment securities	GO	0

Financial Charge (VI)

			30/06/2003
	Total financial charge (Total VI)	GU	674,175
	Financial reserves and provisions	GQ	0
	Interest and similar charges	GR	250,484
	Exchange losses	GS	423,692
	Net loss from disposal of investment securities	GT	0

Extraordinary income(VII)

			30/06/2003
	Total extraordinary income (Total VII)	HD	15,848
	Extraordinary operating income	HA	15,848
	Extraordinary income from capital transactions	HB	0
	Released provisions and transferred charges	HC	0

Extraordinary charges(VIII)

			30/06/2003
	Total extraordinary charges (Total VIII)	HH	40,753
	Extraordinary operating charges	HE	23,635
	Extraordinary charges from capital transactions	HF	15,606
	Extraordinary reserves and provisions	HG	1,511

Employee profit sharing(IX)

		30/06/2003
Employee profit sharing (Total IX)	HJ	40,208

Tax on profits(X)

		30/06/2003
Tax on profits (Total X)	HK	302,249

References

		30/06/2003
Of which equipment leases	HP	5,237
Of which property leases	HQ	0
Of which transferred charges	A1	0
Of which trader's own contributions	A2	0
Of which royalties on licences and patents (income)	A3	0
Of which royalties on licences and patents (charges)	A4	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)

			30/06/2003
	Gross value at begin of period	OG	0
	Increasess due to revaluation	OH	0
	Decreasess, acquisitions, creations, contributions	OJ	50,949
	Decreasess by budget item transfer	OK1	0
	Decreasess by transfers	OK2	30,279
	Gross value at the end of period	OL	0

Research and development Charge (Total I)

			30/06/2003
	Gross value at begin of period	CZ	0
	Increasess due to revaluation	KB	0
	Increasess, acquisitions, creations, contributions	KC	0
	Decreasess by budget item transfer	C01	0
	Decreasess by transfers	C02	0
	Gross value at the end of period	D0	0

Other budget item from Intangible fixed assets(Total II)

			30/06/2003
	Gross value at begin of period	KD	0
	Increasess due to revaluation	KE	0
	Increasess, acquisitions, creations, contributions	KF	15,988
	Decreasess by budget item transfer	LV1	0
	Decreasess by transfers	LV2	0
	Gross value at the end of period	LW	0

Tangible fixed assets (Total III)

			30/06/2003
	Gross value at begin of period	LN	0
	Increasess due to revaluation	LO	0
	Increasess, acquisitions, creations, contributions	LP	34,961
	Decreasess by budget item transfer	NG1	0
	Decreasess by transfers	NG2	0
	Gross value at the end of period	NH	0

Fiancial assets (Total IV)

			30/06/2003
	Gross value at begin of period	LQ	0
	Increasess due to revaluation	LR	0
	Increasess, acquisitions, creations, contributions	LS	0
	Decreasess by budget item transfer	NJ1	0
	Decreasess by transfers	NJ2	0
	Gross value at the end of period	NK	0

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

			30/06/2003
	Reserve for depreciation value at begin of period	0N	155,469
Increases		0P	53,555
Decreasess		0Q	14,672
	Reserve for depreciation value at the end of period	0R	195,864

Research and development charge (Total I)

			30/06/2003
	Reserve for depreciation value at begin of period	CY	0
Increases		PB	0
Decreasess		PC	0
	Decreasess by budget item transfer	PD	0

Other intangible assets (Total II)

			30/06/2003
	Reserve for depreciation value at begin of period	PE	0
Increases		PF	0
Decreasess		PG	0
	Decreasess by budget item transfer	PH	27,763

Total fixed assets amotisation(Total III)

			30/06/2003
	Reserve for depreciation value at begin of period	QU	0
Increases		QV	0
Decreases		QW	0
	Decreasess by budget item transfer	QX	168,100

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			30/06/2003
	Gross value at begin of period	Z91	0
Increases		Z92	0
Depreciation of fixed assets during period		Z9	0
	Decreasess by budget item transfer	B1	0

Premium refund of obligations

			30/06/2003
	Net value at begining of period	SP1	0
Increases		SP2	0
Depreciation of fixed assets during period		SP	0
	Net value at the end of period	SR	0

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

			30/06/2003
	Value at begining of period	7C	0
Increases		UB	0
Decreases		UC	0
	Value at the end of period	UD	0

Includes Total allocations

Operating	UE	0
Financial	UG	0
Exceptional	UJ	0

Includes Total Withdrawal

Operating	UF	50,912
Financial	UH	27,536
Exceptional	UK	0

Total regulated provisions (Total I)

			30/06/2003
	Value at begining of period	3Z	0
Increases		TS	0
Decreases		TT	0
	Value at the end of period	TU	0

Total risk and charge provisions (Total II)

			30/06/2003
	Value at begining of period	5Z	0
Increases		TV	0
Decreases		TW	0
	Value at the end of period	TX	0

Total Provision for depreciation (Total III)

			30/06/2003
	Value at begining of period	7B	72,519
Increases		TY	52,113
Decreases		TZ	64,696
	Value at the end of period	UA	61,759

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

		30/06/2003
Gross value	VT	2,073,826
1 year at most	VU	2,056,331
More than one year	VV	17,495

State of loans

		30/06/2003
Claims related to holdings (gross)	UL	0
Claims related to shareholdings (1 year at most)	UM	0
Loans (gross)	UP	0
Loans (1 year at most)	UR	0
Other financial assets (gross)	UT	0
Other financial assets (1 year at most)	UV	0

Receivables statement of assets

		30/06/2003
Customers doubtful or disputed	VA	14,785
Other claims customer	UX	0
Receivables represent Loaned Securities	UU	0
Provision for depreciation previously established	UQ	0
Personnel and associated accounts	UY	2,000
Social Security and other social organizations	UZ	0
Income taxes	VM	0
Value added tax	VB	18,589
Other taxes and payments assimilated	VN	0
State and other public - Miscellaneous	VP	0
Group and Associates	VC	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0

Prepaid

		30/06/2003
Prepaid	VS	0

State Debt

			30/06/2003
	Total debt (gross)	VY	2,320,702
1 year at most		VZ2	2,283,142
More than 1 year and 5 years at most		VZ3	37,560
More than 5 years		VZ4	0

Details

			30/06/2003
	Convertible bonds (gross)	7Y1	0
1 year at most		7Y2	0
More than 1 year and 5 years at most		7Y3	0
	Other bonds (gross)	7Z1	0
1 year at most		7Z2	0
More than 1 year and 5 years at most		7Z3	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	309,423
1 year at most		VG2	309,423
More than 1 year and 5 years at most		VG3	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	69,035
1 year at most		VH2	31,475
More than 1 year and 5 years at most		VH3	0
	Loans and various financial liabilities (gross)	8A1	0
1 year at most		8A2	151
More than 1 year and 5 years at most		8A3	0
	Suppliers and associated accounts (gross)	8B1	0
1 year at most		8B2	1,396,332
More than 1 year and 5 years at most		8B3	0
	Personnel and associated accounts (gross)	8C1	84,824
1 year at most		8C2	84,824
More than 1 year and 5 years at most		8C3	0
	Social Security and other social organizations (gross)	8D1	50,938
1 year at most		8D2	50,938
More than 1 year and 5 years at most		8D3	0
	Taxes on profits (gross)	8E1	0
1 year at most		8E2	0
More than 1 year and 5 years at most		8E3	0
	VAT (gross)	VW1	84,725
1 year at most		VW2	84,725
More than 1 year and 5 years at most		VW3	0
	Backed Obligations (gross)	VX1	0
1 year at most		VX2	0
More than 1 year and 5 years at most		VX3	0
	Other taxes and assimilated (gross)	VQ1	20,808
1 year at most		VQ2	20,808
More than 1 year and 5 years at most		VQ3	0
	Assets and liabilities associated accounts (gross)	8J1	0
1 year at most		8J2	0
More than 1 year and 5 years at most		8J3	0
More than 5 years		8J4	0
	Groups and associates (gross)	VI1	203,286
1 year at most		VI2	203,286
More than 1 year and 5 years at most		VI3	0
More 5 years		VI4	0
	Other liabilities (gross)	8K1	0
1 year at most		8K2	101,180
More than 1 year and 5 years at most		8K3	0
	Debt representative of borrowed securities (gross)	SZ1	0
1 year at most		SZ2	0
More than 1 year and 5 years at most		SZ3	0
	Products in advance (gross)	8L1	0
1 year at most		8L2	0
More than 1 year and 5 years at most		8L3	0

References

		30/06/2003
Loans made during the period	VJ	0
Debt repaid during the period	VK	0

Table allocation results and other information
Dividends distributed

		30/06/2003
Dividends	ZE	0

Commitments

		30/06/2003
Commitments leasing furniture	YQ	0
Commitments Real Estate Leasing	YR	0
Effects brought to the discount and unmatured	YS	0

Other charges Externes

		30/06/2003
Subcontracting	YT	613,456
Rentals, rental charges and condominiums	XQ	0
Staff outside the company	YU	176,584
Remuneration intermediaries and fees (excluding fees)	SS	0
Fees, commissions and brokerage	YV	0
Other accounts	ST	0
Total Other purchases and external	ZJ	0

Taxes and Fees

		30/06/2003
Business tax	YW	0
Other taxes and payments assimilated	9Z	0
Total taxes and fees	YX	0

VAT

		30/06/2003
Amount VAT collected	YY	2,000,348
Total VAT on goods and services	YZ	698,779

Average number of employees

		30/06/2003
Average number of employees	YP	15

Groups and Shareholders

		30/06/2003
Groups and Shareholders	ZR	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		30/06/2003	Sector Median2003
Fixed Asset Financing		5.25	2.21	137.6%
Global Debt		72days	117days	-38.5%
Working Capital Fund overall net		52days	53days	-1.9%
Financial independence		427.17%	340.35%	25.5%
More ratios
Solvability		40.85%	30.04%	36.0%
Capacity debt futures		474.24%	695.54%	-31.8%
Coverage of current assets by net working capital overall		44.45%	38.69%	14.9%
General Liquidity		0.90	0.69	30.4%
Restricted Liquidity		0.91	0.84	8.3%

Management or rotation

		30/06/2003	Sector Median2003
Need background in operating working capital		62days	26days	138.5%
Treasury		-9days	6days	-250.0%
Inventory turnover of goods		77days	63days	22.2%
Average length of credit granted to customers		39days	62days	-37.1%
Average length of credit obtained suppliers		48days	73days	-34.2%
More ratios
Inventory turnover of raw materials in industrial enterprises		0days	0days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	days	-
Rotation tangible assets		%	1377.55%	-

Profitability of the business

		30/06/2003	Sector Median2003
Margin trading		29.98%	41.08%	-27.0%
Profitability of the business		12.60	4.75%	165.3%
Net profit		4.69%	2.22%	111.3%
More ratios
Growth rate of turnover (excluding VAT)		%	-26.85%	-
Rates integration		16.32%	27.64%	-41.0%
Rate leasing furniture		0.04%	0%	0%
Work Factor		20.26%	73.32%	-72.4%
Weight interests		5.79	0.43%	1246.5%

Return on capital

		30/06/2003	Sector Median2003
Cash flow from the overall profitability		4.63%	3.37%	37.4%
Rates of economic profitability		67%	21%	219.0%
Financial profitability		1616667%	78860%	1950.0%
Return on investment		55.53%	13.68%	305.9%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/06/2003	Sector Median2003
Turnover	11,652,389	605,695 €	1823.8%

Sales of goods	11,584,220
- Purchase of goods	8,188,603
+/- Stock of goods variation	-97,621
Trading margin	3,493,238 €	227,410.50 €	1436.1%
	29.98 % CA	41.42 % CA	-27.6%

Sale of goods produced	68,169
+/- Stocked production	0
+ Self-constructed assets	0
Period production	68,169 €	2,943.50 €	2215.9%
	0.59 % CA	0.52 % CA	13.5%

Trading margin	3,493,238	227,410.50	1436.1%
+ Period Production	68,169	2,943.50	2215.9%
- Purchase of raw materials	65,703
+/- Change in stocks of raw materiels	0
- Other external purchases and charges	1,594,505
Added value	1,901,199 €	165,317.50 €	1050.0%
	16.32 % CA	27.64 % CA	-41.0%

Added value	1,901,199 €	165,317.50 €	1050.0%
+ Operating grants	610
- Tax, duty and similar payments	49,076
- Personal charges	385,108
Gross operating surplus	1,467,625 €	24,151 €	5976.9%
	12.60 % CA	4.70 % CA	168.1%

Gross operating surplus	1,467,625 €	24,151 €	5976.9%
+ Release of reserves and provisions	49,089
+ Other operating income	6,016
- Depreciation/Amortisation	105,668
- Other charges	1,906
Operating result	1,415,156 €	19,128 €	7298.3%
	12.14 % CA	3.50 % CA	246.9%

Operating result	1,415,156 €	19,128 €	7298.3%
+/- Result of joint-venture transferred from/to other partners	0
+ Financial income	173,160
- Financial charges	674,175
Pre-tax result	914,141 €	16,521.50 €	5433.0%
	7.85 % CA	2.84 % CA	176.4%

Extraordinary income	15,848	1,154	1273.3%
- Extraordinary charges	40,753
Extraordinary result	-24,905 €	0 €	0%
	-0.21 % CA	0 % CA	0%

Pre-tax result	914,141 €	16,521.50 €	5433.0%
Extraordinary result	-24,905 €	0 €	0%
- Employee profit sharing	40,208
- Tax on profits	302,249
Net result	546,779 €	13,651 €	3905.4%
	4.69 % CA	2.19 % CA	114.2%

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	25/10/2010
Status of Monitoring	No social security and tax office preferential right to date

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
25/04/2004	Bodacc B	Modifications et mutations diverses
RCS Lille B 385143847 RC 98-B 1259 FORDIS. Forme : S.A. à conseil d' administration. Capital : 210 000 euros. Adresse du siège social : Z.I., rue Ampère, 59930 La Chapelle-d'Armentières. Commentaires : cessation d'activité avec dissolution anticipée de la société suite à la transmission universelle du patrimoine. Ancienne activité : négoce de tous articles de vente par correspondance et de tous articles promotionnels Date de début d'activité: 26 février 2004.
25/07/1999	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Lille B 385143847 RC 98-B 1259 FORDIS. Forme : S.A. à conseil d'administration. Capital : 420 000 F. Adresse : Z.I., rue Ampère, 59930 La Chapelle-d'Armentières Nouvelle situation du siège social. Capital : 210 000 euros Etablissement principal: Activité : négoce de tous articles en vente par correspondance et de tous articles promotionnels. Adresse : Z.I., rue Ampère, 59930 La Chapelle-d' Armentières. Date d'effet : 25 juin 1999.
05/03/1999	Bodacc B	Modifications et mutations diverses
RCS o. RCS Lille B 385 143 847 RC RC 98- B 1259 FORDIS. Forme : S.A. à conseil d' administration. Capital : 420 000 F. Adresse du siège social : Z.I. rue Ampère 59930 La Chapelle-d'Armentières. Administration : président du conseil d' administration : LAMBERT (Philippe), ancien gérant Nouveaux administrateurs : LAMBERT (David) Mme LAMBERT, née COURTOIS (Marie-Agnès). Nouveau commissaire aux comptes titulaire : THROUDE (Jean, Jacques). Nouveau commissaire aux comptes suppléant : MARCELET (Dominique). Commentaires : ancienne forme juridique : S.A.R.L Etablissement principal: Activité : société de négoce de tous articles de P. V.C. et de tous articles promotionnels. Adresse : Z.I. rue Ampère 59930 La Chapelle-d'Armentières Date de début d' activité: 1er novembre 1998. Date d'effet : 30 décembre 1998.
31/12/1998	Bodacc B	Modifications et mutations diverses
RCS Béthune B 385 143 847 RC 92-B 203 FORDIS. Forme : S.A.R.L. Activité : négoce de tous articles de ventes par correspondance et de tous articles promotionnels. Adresse du siège social : Z.A. du Parc à Stock, 62820 Libercourt Date de radiation: 3 décembre 1998.
20/11/1998	Bodacc B	Modifications et mutations diverses
RCS o. RCS Lille B 385 143 847 A dater du: 4 novembre 1998 RC RC 98-B 1259 S.A. R.L. FORDIS. Forme : S.A.R.L. Capital : 420 000 F. Adresse du siège social : Z.I., rue Ampère 59930 La Chapelle d' Armentières. Administration : gérant : LAMBERT (Philippe) Etablissement principal: Adresse : Z.I., rue Ampère 59930 La Chapelle-d'Armentières. Activité : société de négoce de tous articles de vente par correspondance et de tous articles promotionnels. Commentaires : cette société transfère son siège social et son principal établissement de la Z.I. du Parc-à- Stocks, 62820 Libercourt. Date d'effet : 1er novembre 1998.

Company events history

Date	Description
09/01/2014	Update Rating
09/01/2014	Update Limit
20/10/2013	Update Limit
20/10/2013	Update Rating
15/10/2013	Update Rating
15/10/2013	Update Limit
08/01/2013	Collection of preferential rights activated for this company
25/10/2010	Collection of preferential rights activated for this company
31/03/2004	Dissolution
31/03/2004	Acte sous seing privé
30/06/2003	New accounts available
09/07/1999	Acte sous seing privé
09/07/1999	Augmentation de Capital
09/07/1999	Statuts mis à jour
09/07/1999	PV d'Assemblée
29/06/1999	Statuts mis à jour
29/06/1999	Acte sous seing privé
29/06/1999	PV d'Assemblée
29/06/1999	Changement de date de clôture
18/02/1999	Statuts mis à jour
18/02/1999	PV du Conseil d'Administration
18/02/1999	PV d'Assemblée
18/02/1999	Nomination/démission des organes de gestion
18/02/1999	Acte sous seing privé
18/02/1999	Cession de parts
18/02/1999	Changement de Forme Juridique sans changement de catégorie
11/02/1999	Rapport des Commissaires ou du Gérant
11/02/1999	Acte sous seing privé
03/11/1998	Acte sous seing privé
03/11/1998	Immatriculation suite à transfert
03/11/1998	PV d'Assemblée
03/11/1998	Statuts mis à jour
01/06/1995	Acte sous seing privé
01/06/1995	Cession de parts
17/09/1993	Déclaration de conformité
17/09/1993	PV d'Assemblée
17/09/1993	Statuts mis à jour
17/09/1993	Augmentation de Capital
28/04/1992	Statuts
28/04/1992	Formation de Société
28/04/1992	Déclaration de conformité
28/04/1992	Acte sous seing privé

Establishment events history

Date	Description
09/01/2014	Update Rating
15/11/2013	Update Rating
11/01/2013	Update of phone numbers
26/10/2012	Update Rating
15/08/2012	Update Rating
07/01/2012	Update Rating
03/08/2011	Update Rating
05/05/2011	Update Limit
05/05/2011	Update Rating
04/01/2010	Update Limit
30/12/2009	Update Rating
16/12/2007	Update Limit
15/12/2007	Update Rating
10/12/2007	Update Limit
09/12/2007	Update Limit

directors

Name	M. LAMBERT PHILIPPE
Manager position	Chairman of the Board	Date of birth	20/07/1952
Place of birth	NEUILLY
Type	Individual	Name at birth

Name	M. LAMBERT DAVID
Manager position	Administrator	Date of birth	18/01/1965
Place of birth	CAEN
Type	Individual	Name at birth

Name	MME. LAMBERT MARIE AGNES
Manager position	Administrator	Date of birth	30/10/1951
Place of birth	BRIONNE
Type	Individual	Name at birth	COURTOIS

Previous Directors

No data about previous directors is available for this company

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.67
UK Pound	1	Rs.100.81
Euro	1	Rs.80.73

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TPT

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.