MIRA INFORM REPORT

Report Date :

09.12.2014

IDENTIFICATION DETAILS

Name :	PRODEX LOGISTIQUE
Registered Office :	Zl De Laplaine De Lain All Des Chenes 01150 Saint Vulbas
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	April, 2003
Com. Reg. No.:	0 448 235 036
Legal Form :	Partnership
Line of Business :	Wholesale (intercompany trade) of hardware
No of Employees :	20 to 49

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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 Summary

Name	PRODEX LOGISTIQUE	SIRET	448 235 036 00028
Activity (APE)	Wholesale (intercompany trade) of hardware (4674A)	EUR VAT Number	FR37448235036
Phone		Legal form	Partnership
Fax		RCS Registration	RCS Bourg-En-Bresse 0 448 235 036
Address	PRODEX LOGISTIQUE	Share capital	851,950 Euros
	Zl DE LAPLAINE DE LAIN ALL DES CHENES 01150 SAINT VULBAS	Incorporated Date	04/2003
Nationality	France	Status	Economically active

No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Company number
DESCOURSETCABAUD

Current Directors

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	55,996,809 €	54,036,316 €	52,443,773 €
Gross Operating Surplus	7.03 % Turnover	5.95 % Turnover	6.11 % Turnover
Shareholders' equity	8,177,978 €	5,191,466 €	4,864,754 €
Net result	161,546 €	144,503 €	29,148 €
Employees	20 to 49 employees	-	-

Company Information

Company details

Activity (APE)	Wholesale (intercompany trade) of hardware (4674A)
RCS Registration	RCS Bourg-En-Bresse 0 448 235 036	Share capital	851,950 Euros
Registration Court	Bourg-En-Bresse (01)	Legal form	Partnership
Court Registry Number	20 0 3B00291	EUR VAT Number	FR37448235036
Incorporation Date	04/2003	Formation Date	03/2003
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Ultimate Parent

1 ultimate parent company for this company > DESCOURS ET CABAUD SA - Location-bail de propriete intellectuelle et de produits similaires, a I'exception des ceuvres soumises a copyright (7740Z) in LYON 2EME (69002)

Establishment details

Activity (APE)	Wholesale (intercompany trade) of hardware (4674A)	Business Pages FT®	QUINCAILLERIE (FABRICATION)
Postal Address	PRODEX LOGISTIQUE Zl DE LA PLAINE DE LAIN ALL DES CHENES 01150 SAINT VULBAS	Trading Address	ALLEE DES CHENES 01150 SAINT VULBAS
Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	01/2014	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality
Department		Region	Rhone-Alpes
District		Area
City	SAINT VULBAS	Size of urban area

Branches	1 branch entities in this company
Head office	Wholesale (intercompany trade) of hardware (4674A)
Secondary establishments	Wholesale (intercompany trade) of hardware (4674A)

Regionality Legal unit with all establishments in same area

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

Workforces

Workforce at address 20 to 49 employees Company workforce 20 to 49 employees

Accounts

Synthesized Accounts

Display parameter
Currency	Euro
Comparison mode	Median

Annual Accounts	31/12/2013	31/12/2012	31/12/2011
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	20/10/2014	06/08/2013	29/08/2012
Activity Code	4674A	4674A	4674A
Employees	45	0	0

Active account
						Sector
Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Median 2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	425,720	-13.9%	494,683	-13.0%	568,753	56,810	649.4%
- Intangible assets	0	0%	314	0%	0	1,170.50	0%
- Tangible assets	228,824	-53.7%	494,368	-13.1%	568,753	20,254.50	1029.7%
- Financial assets	196,896	0%	0	0%	0	3,375.50	5733.1%
Net current assets	30,597,715	8.7%	28,147,194	-16.9%	33,865,697	521,801	5763.9%
- Stocks	18,674,734	3.7%	18,012,247	-18.5%	22,092,683	139,102	13325.2%
- Advanced payments	0	8.7%	0	0%	0	0	0%
- Receivables	11,916,652	26.7%	9,407,678	-17.5%	11,402,426	213,639	5477.9%
- Securities and cash	6,329	-99.1%	727,269	96.2%	370,588	50,396	-87.4%
- Prepaid expenses	-	-	-	-	-	91	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	31,023,436	8.3%	28,641,879	-16.8%	34,434,453	602,683	5047.6%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Shareholders' equity	8,177,978	57.5%	5,191,466	6.7%	4,864,754	225,233.50	3530.9%
Share capital	851,950	54.8%	550,275	0%	550,275	40,000	2029.9%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	341,991	53.0%	223,517	2.9%	217,245	0	0%
Liabilities	22,503,468	-3.1%	23,226,892	-20.8%	29,316,141	318,232	6971.4%
- Financial liabilities	15,416,178	-9.6%	17,052,692	-28.5%	23,865,924	41,502.50	37045.2%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	6,654,945	15.1%	5,780,349	15.7%	4,998,105	128,990.50	5059.3%
- Tax and social liabilities	425,985	8.2%	393,851	1.2%	389,301	80,024.50	432.3%
- Other debts and fixed assets liabilities	6,357	0%	0	0%	99,121	6,436	-1.2%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	31,023,437	8.3%	28,641,878	-16.8%	34,434,452	602,683.50	5047.6%
Results
Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Sales of Goods	57,132,004	3.8%	55,043,242	3.2%	53,357,015	1,201,242.50	4656.1%
Net turnover	55,996,809	3.6%	54,036,316	3.0%	52,443,773	1,190,101.50	4605.2%
- of which net export turnover	0	0%	0	0%	0	0	0%
Operating charges	53,334,529	2.1%	52,223,499	4.0%	50,203,840	1,164,151.50	4481.4%
Operating profit/loss	3,797,475	34.7%	2,819,743	-10.6%	3,153,175	25,710	14670.4%
Financial income	49	-98.9%	4,594	337.9%	1,049	239	-79.5%
Financial charges	212,487	-29.6%	301,919	-22.5%	389,481	2,271.50	9254.5%
Financial profit/loss	-212,438	28.6%	-297,325	23.5%	-388,432	-727	-29121.2%
Pretax net operating income	640,258	89.4%	338,037	-44.6%	610,300	23,765	2594.1%
Extraordinary income	385,790	765.3%	44,586	783.9%	5,044	518.50	74305.0%
Extraordinary charges	864,498	263.1%	238,115	-59.4%	586,200	412.50	209475.3%
Extraordinary profit/loss	-478,708 -	47.4%	-193,529	66.7%	-581,156	0	0%
Net result	161,546	11.8%	144,503	395.8%	29,148	21,874	638.5%

Display parameter
Currency	Euro

Normal Account	31/12/2013	31/12/2012	31/12/2011
Months	12	12	12

Accounts - Active

Grand Total - Passive Accounts (I to IV)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to VI)	Net	31,023,436	8.3%	28,641,879	-16.8%	34,434,453
Gross	CO	31,302,177	4.1%	30,062,704	-15.9%	35,767,415
Amortisation	1A	278,741	-80.4%	1,420,825	6.6%	1,332,962
ton declared distributed capital (I)
		31/12/2013		31/12/2012		31/12/2011
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0
Active fixed asset (II)
		31/12/2013		31/12/2012		31/12/2011
Total Active fixed asset (II) Net		425,720	-13.9%	494,683	-13.0%	568,753
Gross	BJ	442,388	-68.2%	1,392,710	2.5%	1,359,097
Amortisation	BK	16,667	-98.1%	898,027	13.6%	790,344
ntangilble fixed assets
		31/12/2013		31/12/2012		31/12/2011
Start-up cost	Net	0	0%	0	0%	0
Gross	AB	0	0%	0	0%	0
Amortisation	AC	0	0%	0	0%	0
R&D expenses	Net	0	0%	0	0%	0
Gross	CX	0	0%	0	0%	0
Amortisation	AE	0	0%	0	0%	0
Distributorships, patents	Net	0	0%	314	0%	0
Gross	AF	0	0%	36,373	7.3%	33,909
Amortisation	AG	0	0%	36,058	6.3%	33,909
Goodwill	Net	0	0%	0	0%	0
Gross	AH	0	0%	0	0%	0
Amortisation	AI	0	0%	0	0%	0
Other intangible fixed assets	Net	0	0%	0	0%	0
Gross	AJ	0	0%	0	0%	0
Amortisation	AK	0	0%	0	0%	0
Pre-payments and downpayments	Net	0	0%	0	0%	0
Gross	AL	0	0%	0	0%	0
Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets Net		0	0%	314	0%	0

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
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	93,441	-57.1%	217,739	-16.2%	259,733
	Gross	AR	107,582	-81.6%	585,627	2.0%	574,283
	Amortisation	AS	14,140	-96.2%	367,888	17.0%	314,550
Other tangible fixed assets		Net	135,383	-51.1%	276,629	-10.5%	309,020
	Gross	AT	137,909	-82.1%	770,710	2.6%	750,905
	Amortisation	AU	2,526	-99.5%	494,081	11.8%	441,885
Fixed assets in construction		Net	0	0%	0	0%	0
	Gross	AV	0	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
Advances and payments on account		Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset		Net	228,824		494,368		568,753

Financial assets

		31/12/2013		31/12/2012		31/12/2011
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	0	0%	0	0%	0
Gross	CU	0	0%	0	0%	0
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	0	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	196,896	0%	0	0%	0
Gross	BH	196,896	0%	0	0%	0
Amortisation	Bl	0	0%	0	0%	0
Sub Total Financial Assets		196,896		0		0

Current Assets (III)

		31/12/2013		31/12/2012		31/12/2011
Total Assets	Net	30,597,715	8.7%	28,147,194	-16.9%	33,865,697
Gross	CJ	30,859,789	7.6%	28,669,990	-16.7%	34,408,314
Amortisation	CK	262,074	-49.9%	522,796	-3.7%	542,617

Stocks

		31/12/2013			31/12/2012		31/12/2011
Raw materials	Net	72,559	-25	6%	97,553	12.8%	86,462
Gross	BL	72,559	-25	6%	97,553	12.8%	86,462
Amortisation	BM	0		0%	0	0%	0
Work in progress (goods)	Net	0		0%	0	0%	0
Gross	BN	0		0%	0	0%	0
Amortisation	BO	0		0%	0	0%	0
Work in progress (services)	Net	0		0%	0	0%	0
Gross	BP	0		0%	0	0%	0
Amortisation	BQ	0		0%	0	0%	0
Semi-finished and finished products	Net	0		0%	0	0%	0
Gross	BR	0		0%	0	0%	0
Amortisation	BS	0		0%	0	0%	0
Goods for resale	Net	18,602,175	3	8%	17,914,694	-18.6%	22,006,221
Gross	BT	18,864,249	2	3%	18,437,490	-18.2%	22,548,838
Amortisation	BU	262,074	-49	9%	522,796	-3.7%	542,617
Sub Total Stocks	Net	18,674,734	3	7%	18,012,247	-18.5%	22,092,683

Advance payments to suppliers

		31/12/2013		31/12/2012		31/12/2011
Advance payments to suppliers	Net	0	0%	0	0%	0
Gross	BV	0	0%	0	0%	0
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2013		31/12/2012		31/12/2011
Trade accounts receivable	Net	7,850,911	13.2%	6,938,039	-9.3%	7,648,054
Gross	BX	7,850,911	13.2%	6,938,039	-9.3%	7,648,054
Amortisation	BY	0	0%	0	0%	0
Other debtors	Net	3,924,554	58.9%	2,469,639	-34.2%	3,754,372
Gross	BZ	3,924,554	58.9%	2,469,639	-34.2%	3,754,372
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	11,775,465	25.2%	9,407,678	-17.5%	11,402,426

Divers

		31/12/2013		31/12/2012		31/12/2011
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	6,329	-99.1%	727,269	96.2%	370,588
Gross	CF	6,329	-99.1%	727,269	96.2%	370,588
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	6,329	-99.1%	727,269	96.2%	370,588

Prepaid expenses

		31/12/2013		31/12/2012		31/12/2011
Prepaid expenses	Net	141,187	0%	0	0%	0
Gross	CH	141,187	0%	0	0%	0
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2013		31/12/2012		31/12/2011
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro

Accounts - Passive

Grand Total - Passive Accounts (I to IV)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to V)	EE	31,023,437	8.3%	28,641,878	-16.8%	34,434,452

Shareholder Equity (I)

		31/12/2013		31/12/2012		31/12/2011
Total shareholders' equity (Total I)	DL	8,177,978	57.5%	5,191,466	6.7%	4,864,754
Equity and shareholders' equity	DA	851,950	54.8%	550,275	0%	550,275
Issue and merger premiums	DB	4,598,587	118.7%	2,102,912	0%	2,102,912
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	0	0%	0	0%	0
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	B1	0	0%	0	0%	0
fluctuation
Other reserves	DG	0	0%	0	0%	0
Of which reserve for buying
originals works from alive	EJ	0		0	0%	0
artists
Profits or losses brought forward	DH	2,272,045	6.8%	2,127,542	1.4%	2,098,393
Profit or loss for the period	Dl	161,546	11.8%	144,503	395.8%	29,148
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	293,850	10.4%	266,234	216.9%	84,024
)ther capital resources (II)
		31/12/2013		31/12/2012		31/12/2011
Total other capital resources (Total II)	DO	0	0%	0	0%	0
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	0	0%	0	0%	0
'revisions for risks and charges (III)
		31/12/2013		31/12/2012		31/12/2011
Total provisions for risks and charges (Total III)	DR	341,991	53.0%	223,517	2.9%	217,245
Risk provisions	DP	300,660	73.1%	173,713	0%	173,713
Reserves for charges	DQ	41,331	-17.0%	49,804	14.4%	43,532

Liabilities (IV)

		31/12/2013		31/12/2012		31/12/2011
Total Liabilities (Total IV)	EC	22,503,468	-3.1%	23,226,892	-20.8%	29,316,141
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	8,471,399	-22.0%	10,859,516	-38.7%	17,702,573
Sundry loans and financial liabilities	DV	6,944,779	12.1%	6,193,176	0.5%	6,163,351
Of which participating loans	El	0	0%	0	0%	0
Advance payments received for current orders	DW	0	0%	0	0%	0
Trade accounts payables	DX	6,654,945	15.1%	5,780,349	15.7%	4,998,105
Tax and social security liabilities	DY	425,985	8.2%	393,851	1.2%	389,301
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	6,357	0%	0	0%	62,810

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	0	0%	0	0%	36,311
Equalization accounts
		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	0	0%	0	0%	0
References
		31/12/2013		31/12/2012		31/12/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	20,774,896	0%	0	0%	22,904,431
Of which current bank facilities	EH	5,846,530	0%	0	0%	14,498,944

Display parameter
Currency	Euro

Result account

1- Operating result (l-ll)

		31/12/2013		31/12/2012		31/12/2011
Operating result (Total l-ll)	GG	3,797,475	34.7%	2,819,743	-10.6%	3,153,175

2 - Financial result (V - VI)

	31/12/2013		31/12/2012		31/12/2011
- Financial result (V - VI)
Financial result (Total V-VI) GV	-212,438	28.6%	-297,325	23.5%	-388,432
3. Pre-tax net operating income result (I – VI)
Pre-tax net operating income (Total l-ll+ll-IV+V- VI) GW	640,258	89.4%	338,037	-44.6%	610,300
4 - Extraordinary result (VII-VIII)	89.4%	338,037 -44.6%	610,300
Extraordinary result (Total VII-VIII) HI	-478,708	-147.4%	-193,529	66.7%	-581,156

Profit or loss

	31/12/2013		31/12/2012		31/12/2011
Profit or loss HN	161,546	11.8%	144,503	395.8%	29,148
Total Income (I+III+V+VII)	31/12/2013		31/12/2012		31/12/2011
Total Income (l+lll+V+VII) HL	57,517,843	4.4%	55,092,422	3.2%	53,363,108
Total charges (Total II+IV+VI+VIII+IX+X)
	31/12/2013		31/12/2012		31/12/2011
Total charges (Total ll+IV+VI+VIII+IX+X) HM	57,356,293	4.4%	54,947,914	3.0%	53,333,964
Operating income (I)
	31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I) FR	57,132,004	3.8%	55,043,242	3.2%	53,357,015

Operating income (details)

		31/12/2013		31/12/2012		31/12/2011
Sale of goods for resale	FC	52,985,712	3.5%	51,170,371	3.2%	49,584,994
France	FA	52,985,712	3.5%	51,170,371	3.2%	49,584,994
Export	FB	0	0%	0	0%	0
Sale of goods produced	FF	23,572	0%	0	0%	0
France	FD	23,572	0%	0	0%	0
Export	FE	0	0%	0	0%	0
Sale of services	Fl	2,987,525	4.2%	2,865,945	0.3%	2,858,779
France	FG	2,987,525	4.2%	2,865,945	0.3%	2,858,779
Export	FH	0	0%	0	0%	0
Net turnover	FL	55,996,809	3.6%	54,036,316	3.0%	52,443,773
France	FJ	55,996,809	3.6%	54,036,316	3.0%	52,443,773
Export	FK	0	0%	0	0%	0
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	0	0%	500
Release of reserves and provisions	FP	531,269	-2.1%	542,617	27.1%	427,013
Other income	FQ	603,926	30.1%	464,309	-4.4%	485,729
Operating charges (II)
		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	53,334,529	2.1%	52,223,499	4.0%	50,203,840
Exploitation charges
		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	45,852,030	13.9%	40,269,751	-17.5%	48,810,426
Change in stocks of goods for resale	FT	-426,759	-110.4%	4,111,348	165.6%	-6,271,258
Purchase of raw materials	FU	17,925	-8.5%	19,581	-28.9%	27,539
Change in stocks of raw materials	FV	24,993	325.4%	-11,090	-82.7%	-6,071
Other external purchases and charges	FW	4,739,774	2.1%	4,641,388	-3.5%	4,810,288
Tax, duty and similar payments	FX	242,703	7.3%	226,257	-7.7%	245,017
Payroll	FY	1,164,457	2.3%	1,138,625	-4.6%	1,193,871
Social security costs	FZ	446,032	5.2%	424,057	-1.1%	428,683

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	101,519	-7.4%	109,644	0.6%	109,002
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	262,074	-49.9%	522,796	-3.7%	542,617
Provisions for risks and charges	GD	0	0%	6,272	-10.1%	6,979
Other charges
		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	909,781	18.9%	764,870	149.3%	306,747

Operating charges (III-IV)

		31/12/2013		31/12/2012		31/12/2011
Share of joint-venture
transferred to other	GH	0	0%	0	0%	0
partner(s) (Total III)
Share of joint venture
transferred from other	Gl	2,944,779	34.8%	2,184,381	1.4%	2,154,443
partner(s) (Total IV)

Financial income (V)

		31/12/2013		31/12/2012		31/12/2011
Total financial income (Total V)	GP	49	-98.9%	4,594	337.9%	1,049
Share financial income	GJ	0	0%	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	0	0%	0	0%	0
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	49	-98.9%	4,594	337.9%	1,049
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2013		31/12/2012		31/12/2011
Total financial charge (Total VI)	GU	212,487	■29.6%	301,919	-22.5%	389,481
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	211,804	-29.8%	301,768	-20.9%	381,525
Exchange losses	GS	683	352.3%	151	-98.1%	7,956
Net loss from disposal of investment securities	GT	0	0%	0	0%	0
Extraordinary income (VII)
		31/12/2013		31/12/2012		31/12/2011
Total extraordinary income (Total VII)	HD	385,790	765.3%	44,586	783.9%	5,044
Extraordinary operating income	HA	0	0%	0	0%	0
Extraordinary income from capital transactions	HB	306,333	952.7%	29,100	0%	0
Released provisions and transferred charges	HC	79,457	413.1%	15,486	207.0%	5,044
Extraordinary charges (VIII)
		31/12/2013		31/12/2012		31/12/2011
Total extraordinary charges (Total VIII)	HH	864,498	263.1%	238,115	-59.4%	586,200
Extraordinary operating charges	HE	40	-99.7%	13,280	-96.7%	404,441
Extraordinary charges from capital transactions	HF	630,438	2223.0%	27,139	0%	0
Extraordinary reserves and provisions	HG	234,020	18.4%	197,696	8.8%	181,759
Employee profit sharing (IX)
		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0
Tax on profits (X)
		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro

Other incomes tax return forms Fixed Assets

Grand Total Fixed Assets (I to IV)

		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	OG	0	0%	0	0%	0
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreasess by budget item transfer	OK1	0	0%	0	0%	0
Decreasess by transfers	OK2	1,613,319	5444.1%	29,100	0%	0
Gross value at the end of period	OL	442,386	-68.2%	1,392,711	2.5%	1,359,098
Research and development Charge (Total I)
		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	CZ	0	0%	0	0%	0
Increasess due to revaluation	KB	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreasess by budget item transfer	C01	0	0%	0	0%	0
Decreasess by transfers	C02	0	0%	0	0%	0
Gross value at the end of period	DO	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	KD	36,373	7.3%	33,909	0%	33,909
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	0%	2,464	0%	0
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	36,373	0%	0	0%	0
Gross value at the end of period	LW	0	0%	36,373	7.3%	33,909
fangible fixed assets (Total III)
		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	LN	1,356,337	2.4%	1,325,188	7.0%	1,237,946
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	466,099	673.6%	60,249	-30.9%	87,241
Decreasess by budget item transfer	NG1	0	0%	0	0%	0
Decreasess by transfers	NG2	1,576,946	5319.1%	29,100	0%	0
Gross value at the end of period	NH	245,490	■81.9%	1,356,338	2.4%	1,325,187
^:iancial assets (Total IV)
		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	LQ	0	0%	0	0%	0
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	196,896	0%	0	0%	0
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	0	0%	0	0%	0
Gross value at the end of period	NK	196,896	0%	0	0%	0

Reserve for depreciation

Situation and movement of reserve for depreciation Grand total (l-ll-lll)

		31/12/2013		31/12/2012		31/12/2011
Reserve for depreciation value at begin of period	ON	0	0%	0	0%	0
Increases	OP	0	0%	0	0%	0
Decreasess	0Q	0	0%	0	0%	0
Reserve for depreciation value at the end of period	OR	0	0%	0	0%	0
Research and development charge (Total I)
		31/12/2013		31/12/2012		31/12/2011
Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases	PB	0	0%	0	0%	0
Decreasess	PC	0	0%	0	0%	0
Decreasess by budget item transfer	PD	0	0%	0	0%	0
Other intangible assets (Total II)
		31/12/2013		31/12/2012		31/12/2011
Reserve for depreciation value at begin of period	PE	36,058	6.3%	33,909	0%	33,909
Increases	PF	314	-85.4%	2,149	0%	0
Decreasess	PG	36,373	0%	0	0%	0
Decreasess by budget item transfer	PH	-01	-100.0%	36,058	6.3%	33,909
Total fixed assets amotisation (Total III)
		31/12/2013		31/12/2012		31/12/2011
Reserve for depreciation value at begin of period	QU	861,970	14.0%	756,435	16.8%	647,432
Increases	QV	101,205	-5.9%	107,495	-1.4%	109,002
Decreases	QW	946,509	48191.3%	1,960	0%	0
Decreasess by budget item transfer	QX	16,667	-98.1%	861,970	14.0%	756,435

Movements during period affecting charge allocated over several period

Charges a repartir ou frais d'emission d'emprunt

		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	Z91	0	0%	0	0%	0
Increases	Z92	0	0%	0	0%	0
Depreciation of fixed assets during period	Z9	0	0%	0	0%	0
Decreasess by budget item transfer	B1	0	0%	0	0%	0
Yemium refund of obligations
		31/12/2013		31/12/2012		31/12/2011
Net value at begining of period	SP1	0	0%	0	0%	0
Increases	SP2	0	0%	0	0%	0
Depreciation of fixed assets during period	SP	0	0%	0	0%	0
Net value at the end of period	SR	0	0%	0	0%	0

Provisions included in balance sheet

Grand Total (l-ll-lll)

		31/12/2013		31/12/2012		31/12/2011
Value at begining of period	7C	1,012,548	20.0%	843,887	55.0%	544,594
Increases	UB	496,094	169.4%	184,147	-74.8%	731,351
Decreases	UC	610,727	3843.7%	15,486	-96.4%	432,058
Value at the end of period	UD	897,915	-11.3%	1,012,548	20.0%	843,887
Includes Total allocations
Operating	UE	262,074	-50.5%	529,068	-3.7%	549,590
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	234,020	18.4%	197,696	8.8%	181,759
Includes Total Withdrawal
Operating	UF	531,269	-2.1%	542,617	27.1%	427,013
Financial	UH	0	0%	0	0%	0
Exceptional	UK	79,457	413.1%	15,486	207.0%	5,044
Total regulated provisions (Total I)
		31/12/2013		31/12/2012		31/12/2011
Value at begining of period	3Z	266,234	216.9%	84,024	3.7%	81,022
Increases	TS	107,073	-45.8%	197,696	2357.1%	8,046
Decreases	TT	79,458	413.1%	15,486	207.0%	5,044
Value at the end of period	TU	293,849	10.4%	266,234	216.9%	84,024

Total risk and charge provisions (Total II)

		31/12/2013		31/12/2012		31/12/2011
Value at begining of period	51	223,517	2.9%	217,245	494.2%	36,559
Increases	TV	126,947	1924.0%	6,272	-96.5%	180,686
Decreases	TW	8,473	0%	0	0%	0
Value at the end of period	TX	341,991	53.0%	223,517	2.9%	217,245
Total Provision for depreciation (Total III)
		31/12/2013		31/12/2012		31/12/2011
Value at begining of period	7B	522,796	-3.7%	542,617	27.1%	427,013
Increases	TY	262,074	1422.2%	-19,821	-103.7%	542,618
Decreases	TZ	522,796	0%	0	0%	427,014
Value at the end of period	UA	262,074	-49.9%	522,796	-3.7%	542,617

State deadlines claims and debts at the end of period

State claims

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	12,113,546	28.8%	9,407,679	-17.5%	11,402,427
1 year at most	VU	11,916,650	26.7%	9,407,679	-17.5%	11,402,427
More than one year	W	196,896	0%	0	0%	0
State of loans
		31/12/2013		31/12/2012		31/12/2011
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	196,896	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2013		31/12/2012		31/12/2011
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	7,850,911	13.2%	6,938,039	-9.3%	7,648,054
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	14,622	0%	0	0%	180
Social Security and other social organizations	UZ	7,528	0%	0	0%	58
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	592,400	104.2%	290,124	-61.9%	760,831
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public -Miscellaneous	VP	2,292	-50.0%	4,584	-33.3%	6,875
Group and Associates	VC	170	0%	0	0%	0
Accounts receivable
(including claims relating to the operation of pension titles)	VR	3,307,540	52.1%	2,174,931	-27.2%	2,986,426
Prepaid
		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	141,187	0%	0	0%	0

State Debt

		31/12/2013		31/12/2012		31/12/2011
Total debt (gross)	VY	22,503,465	-3.1%	23,226,894	-20.8%	29,316,141
1 year at most	VZ2	20,774,893	-3.9%	21,609,201	-5.7%	22,904,431
More than 1 year and 5 years at most	VZ3	1,728,572	6.9%	1,617,693	-73.3%	6,054,567
More than 5 years	VZ4	0	0%	0	0%	357,143

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	130,333	6.8%	122,051	■9.2%	134,378
1 year at most	VQ2	130,333	6.8%	122,051	-9.2%	134,378
More than 1 year and 5 years at most	VQ3	0	0%	0	0%	0
Assets and liabilities
associated accounts	8J1	0	0%	0	0%	0
(gross)
1 year at most	8J2	0	0%	0	0%	0
More than 1 year and 5 years at most	8J3	0	0%	0	0%	0
More than 5 years	8J4	0	0%	0	0%	0
Groups and associates (gross)	V11	6,944,779	12.1%	6,193,176	0.5%	6,163,351
1 year at most	VI2	6,944,779	12.1%	6,193,176	186.3%	2,163,351
More than 1 year and 5 years at most	VI3	0	0%	0	0%	4,000,000
More 5 years	VI4	0	0%	0	0%	0
Other liabilities (gross)	8K1	6,357	0%	0	0%	62,810
1 year at most	8K2	6,357	0%	0	0%	62,810
More than 1 year and 5 years at most	8K3	0	0%	0	0%	0
Debt representative of
borrowed securities	SZ1	0	0%	0	0%	0
(gross)
1 year at most	SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most	SZ3	0	0%	0	0%	0
Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most	8L2	0	0%	0	0%	0
More than 1 year and 5 years at most	8L3	0	0%	0	0%	0
References
		31/12/2013		31/12/2012		31/12/2011
Loans made during the period	VJ	0	0%	0	0%	1,000,000
Debt repaid during the period	VK	794,017	2.1%	777,903	18.7%	655,161

Table allocation results and other information

Dividends distributed

		31/12/2013		31/12/2012		31/12/2011
Dividends	ZE	0	0%	0	0%	0
Commitments
		31/12/2013		31/12/2012		31/12/2011
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2013		31/12/2012		31/12/2011
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0
faxes and Fees
		31/12/2013		31/12/2012		31/12/2011
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	91	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0
/AT
		31/12/2013		31/12/2012		31/12/2011
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/12/2013		31/12/2012		31/12/2011
Average number of employees	YP	45	0%	0	0%	0

Groups and Shareholders

		31/12/2013	31/12/2012	31/12/2011
Groups and Shareholders	ZR	0	0	-

Display parameter
Comparison mode	Median

Ratios

Structure and Liquidity

	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Fixed Asset Financing	40.93	143.9%	16.78	49.7%	11.21	2.73	1399.3%
Global Debt	145 days	-6.5%	155 days	-22.9%	201 days	104 days	39.4%
Working
Capital Fund	114 days	-21.9%	146 days	53.7%	95 days	78 days	46.2%
overall net
Financial independence	53.05%	74.3%	30.44%	49.4%	20.38%	234.96%	-77.4%
Solvability	26.36%	45.4%	18.13%	28.3%	14.13%	40.98%	-35.7%
Capacity debt futures	121.28%	191.5%	41.61%	65.9%	25.08%	1282.39%	-90.5%
Coverage of
current
assets by net working	57.50%	-25.0%	76.64%	90.0%	40.34%	48.22%	19.2%
capital
overall
General Liquidity	0.57	29.5%	0.44	-12.0%	0.50	0.76	-25.0%
Restricted Liquidity	0.57	21.3%	0.47	-7.8%	0.51	1.05	-45.7%

Management or rotation

	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Need
background
in operating	150 days	5.6%	142 days	-26.4%	193 days	52 days	188.5%
working
capital
Treasury	-38 days	-860.0%	5 days	105.2%	-97 days	11 days	-445.5%
Inventory
turnover of	150 days	0%	150 days	-21.5%	191 days	94 days	59.6%
goods
Average
length of
credit	50 days	8.7%	46 days	-13.2%	53 days	58 days	-13.8%
granted to
customers
Average
length of
credit	48 days	14.3%	42 days	10.5%	38 days	60 days	-20.0%
obtained
suppliers
Inventory
turnover of
raw materials in	1457 days	-18.8%	1794 days	58.8%	1130 days	0 days	0%
industrial
enterprises
Inventory
turnover of
intermediate
and finished products in	22810 days	-	days	-	days	839 days	2618.7%
the
industrial
enterprise
Rotation
Tangible assets	22810.22%	472.5%	3983.99%	0.7%	3957.46%	1252.86%	1720.7%

Profitability of the business

	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Margin trading	13.50%	7.5%	12.56%	-6.5%	13.44	33.30%	-59.5%
Profitability
of the	7.03	18.2%	5.95	-2.6%	6.11	3.67%	91.6%
business
Net profit	0.29%	7.4%	0.27%	350.0%	0.06%	2.13%	-86.4%
Growth
rate of
turnover	3.63%	19.4%	3.04%	-80.7%	15.77%	-1.67%	317.4%
(excluding
VAT)
Rates integration	10.34%	11.7%	9.26%	-4.2%	9.67%	23.02%	-55.1%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	27.82%	-10.9%	31.22%	-2.4%	31.99%	74.94%	-62.9%
Weight interests	0.38	-32.1%	0.56%	-24.3%	0.74%	0.20%	90.0%
Return on capital
	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Cash flow
from the overall	0.38%	290.0%	-0.20%	4.8%	-0.21%	2.87%	-86.8%
profitability
Rates of
economic	17%	21.4%	14%	27.3%	11%	12%	41.7%
profitability
Financial profitability	8177978%	57.5%	5191466%	6.7%	4864754%	215615.50%	3692.9%
Return on investment	1.59%	-20.9%	2.01%	37.7%	1.46%	8.33%	-80.9%

Display parameter
Currency	Euro
Comparison mode	Median

Soldes Intermediaires de Gestion

						Sector Median 2013
	31/12/2013		31/12/2012		31/12/2011
Turnover	55,996,809	3.6%	54,036,316	3.0%	52,443,773	1,190,102 €	4605.2%
Sales of goods	52,985,712	3.5%	51,170,371	3.2%	49,584,994

Purchase	45,852,030	13.9%	40,269,751	-17.5%	48,810,426
of goods
+/-
Stock of goods	-426,759	-110.4%	4,111,348	165.6%	-6,271,258
variation
Trading margin	7,560,441 €	11.4%	6,789,272 €	-3.6%	7,045,826 €	388,677.50 € 1845.2%
	13.50%CA	7.5%	12.56%CA	-6.5%	13.44%CA	33.58 %CA -59.8%

Sale of
goods	3,011,097	5.1%	2,865,945	0.3%	2,858,779
produced
+/-Stocked production	0	0%	0	0%	0
+ Self-
constructed	0	0%	0	0%	0
assets
Period production	3,011,097 €	5.1%	2,865,945 €	0.3%	2,858,779 €	18,291.50 €	16361.7%
	5.38 %CA	1.5%	5.30 %CA	-2.8%	5.45 %CA	1.40%CA	284.3%
Trading margin	7,560,441	11.4%	6,789,272	-3.6%	7,045,826	388,677.50	1845.2%
+ Period Production	3,011,097	5.1%	2,865,945	0.3%	2,858,779	18,291.50	16361.7%
- Purchase
of raw	17,925	-8.5%	19,581	-28.9%	27,539
materials
+/- Change
in stocks of raw	24,993	325.4%	-11,090	-82.7%	-6,071
materiels
- Other
external
purchases	4,739,774	2.1%	4,641,388	-3.5%	4,810,288
and
charges
Added value	5,788,846 €	15.7%	5,005,338 €	-1.3%	5,072,849 €	271,731.50 €	2030.4%
	10.34%CA	11.7%	9.26 %CA	-4.2%	9.67 %CA	23.02 %CA	-55.1%
Added value	5,788,846 €	15.7%	5,005,338 €	-1.3%	5,072,849 €	271,731.50 €	2030.4%
+ Operating	0	0%	0	0%	500
grants
- Tax, duty and similar payments	242,703	7.3%	226,257	-7.7%	245,017
- Personal charges	1,610,489	3.1%	1,562,682	-3.7%	1,622,554
Gross operating surplus	3,935,654 €	22.4%	3,216,399 €	0.3%	3,205,778 €	33,343.50 €	11703.4%
	7.03 % CA	18.2%	5.95 % CA	-2.6%	6.11 % CA	3.67 % CA	91.6%

Gross operating surplus	3,935,654		3.216.399		€ 3.205.778	33,343.50 €	11703.4%
+ Release of reserves and provisions	531,269	-2.1%	542,617	27.1%	427,013
+ Other operating income	603,926	30.1%	464,309	-4.4%	485,729
Depreciation/Amortisation	363,593	-43.1%	638,712	-3.0%	658,598
- Other charges	909,781	18.9%	764,870	149.3%	306,747
Operating result	3,797,475		2.819.743		€ 3.153.175	25,711 €	14669.8%
	6.78 %CA	29.9%	5.22 %CA	-13.1%	6.01 %CA	2.66 %CA	154.9%

Operating result	3,797,475 €	34.7%	2,819,743 €	-10.6%	3,153,175 €	25,711 €	14669.8%
+/- Result
of joint-
venture
transferred	-2,944,779	-34.8%	-2,184,381	-1.4%	-2,154,443
from /to
other
partners
+ Financial income	49	-98.9%	4,594	337.9%	1,049
- Financial charges	212,487	-29.6%	301,919	-22.5%	389,481
Pre-tax result	640,258 €	89.4%	338,037 €	-44.6%	610,300 €	23,765 €	2594.1%
	1.14%CA	81.0%	0.63 %CA	-45.7%	1.16%CA	2.54 %CA	-55.1%

Extraordinary income	385,790	765.3%	44,586	783.9%	5,044	518.50	74305.0%
Extraordinary charges	864,498	263.1%	238,115	-59.4%	586,200
Extraordinary result	-478,708 €	-147.4%	-193,529 €	66.7%	-581,156 €	0€	0%
	-0.85 %CA	-136.1%	-0.36 %CA	67.6%	-1 %CA	0%CA	0%

Pre-tax result	640,258 €	89.4% 338,037 €	610,300 €	23,765 €	2594.1%
Extraordinary result	-478,708 €	-147.4% -193,529 €	66.7% -581,156 €	0€	0%

- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	0	0%	0	0%	0
Net result	161,550 €	11.8%	144,508 €	395.8%	29,144 €	21,874 €	638.5%
	0.29 %CA	7.4%	0.27 %CA	350.0%	0.06 %CA	2.13%CA	■86.4%

Judgements

Collective procedures

No judgment information for the company

Preferential rights details and history

Summary of preferential rights

Company monitored since	29/12/2011
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	DESCOURS ET CABAUD SA
Direct parent	DESCOURS ET CABAUD SA - Majoritaire
Group - Number of companies	148
Linkages - Number of companies	8
Number of countries	3

Group Structure

Company Name	SIREN	Parts	Last account published
DESCOURS ET CABAUD SA	955501036	-	31/12/2013
SCI FRAIS VENT	349090134	99.96%	-
SOS INDUSTRIE ET EXPORTATION	325539468	66.13%	31/12/2013
DESCOURS a CABAUD INC	-	100%	-
DILLIONSUPPY	US43671915	92.31%	-
CHATTANOOGA SAW & SUPPLY CY INC...	-	100%	-
TRIANGLE ELECTRIC MOTOR COMPANY	-	100%	-
TAYLOR-PARKER COMPANY INC.	-	100%	-
BMG METALS INC	-	Majority	-
DESCOURS & CABAUD IBERICA	-	100%	-
DESCOURS & CABAUD AROSA	-	100%	-
DESCOURS & CABAUD SOLDEVILLA	-	100%	-
SAVOIE METAL TOITURE	409865144	Majority	31/12/2011
METALCO	343384	99.96%	31/12/2013
DESCOURS ET CABAUD BENELUX NV	462169069	100%	31/12/2012
B IMES HOLDING NV	446444676	48.97%	31/12/2006
IMES DEXIS NV	446444775	100%	31/12/2013
PRODEX NORTH EUROPEAN LOGISTICS ...	439565495	100%	31/12/2013
IMES LUXEMBOURG S.A.	B63782	100%	-
IMES LIEGE - DTRL	-	100%	-
IMES DEXIS NV	446444775	55%	31/12/2013
IMES WEST-VLAANDEREN NV	443396205	100%	31/12/2013
PRODEX NORTH EUROPEAN LOGISTICS ...	439565495	100%	31/12/2013
IMES OOST-VLAANDEREN NV	443377496	100%	31/12/2013
MAC TRANSMISSIONS NV	401903266	100%	31/12/2013

There are more than 25 companies in the group.

Linkages

Ultimate parent company	DESCOURS ET CABAUD SA
Direct parent	DESCOURS ET CABAUD SA - Majoritaire
Group - Number of companies	148
Linkages - Number of companies	8
Number of countries	3

Company Name	SIREN	Turnover	Last account
DC NETHERLANDS B.V.	27303384	-	31/12/2012
IMES LIMBURG B.V.	12046187	-	31/12/2013
IMES LUIK - IMES LIEGE NV	432520228	12 451 003 €	31/12/2013
IMES LOGISTICS NV	448177612	319 207 €	31/12/2013
M ? MANAGEMENT NV	466538128	-	30/11/2013
INDUSTRIAL & BUILDING SUPPLIES AND SERVI...	866903252	209 719 €	31/12/2013
CAPITAL OF EUROPE BVBA	870570149	-	31/12/2013
IMES LUXEMBOURG SOC.ETR. E.P.B.	-	-	-

Event History

Status history

Date Description

01/01/2014 Economically active

Recent publications in Gazettes

Publication date Gazette Name Description

25/10/2014 Bodacc C Comptes annuels et rapports

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

96 - 448235036 RCS. PRODEX LOGISTIQUE. Forme : Société en nom collectif. Adresse : allée des Chênes Zone

Industrielle de la Plaine de l'Ain 1150 Saint-Vulbas. Commentaires : Comptes annuels et rapports de l'exercice clos

le : 31/12/2013.

18/02/2014 Bodacc B Modification et mutation diverse

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

66 - 448 235 036 RCS Bourg-en-Bresse. PRODEX LOGISTIQUE. Forme : Société en nom collectif. Activité : .

Adresse de l'établissement principal : allée des Chênes, Zone Industrielle de la Plaine de l'Ain, 01150 Saint-Vulbas.

Adresse du siège social : allée des Chênes, Zone Industrielle de la Plaine de l'Ain, 01150 Saint-Vulbas.

Commentaires : Modification survenue sur la dénomination et transfert du siège social, transfert de

l'établissement principal.

09/01/2014 JAL Head Office Transfer

Courrier Economie (Le)

Date de décision : 21/10/2013

Transfert du siège social de la société 448235036 - PRODEX CHARNOZ

Adresse du nouveau siège : ZONE INDUSTRIELLE DE LA PLAINE DE L', 01150 ST VULBAS

Ancienne localisation : RTE LES PISES, LIEUDIT, 01800 CHARNOZ SUR AIN

Date d'effet : 01/01/2014

10/12/2013 Bodacc B Modification et mutation diverse

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

4 - 448 235 036 RCS Bourg-en-Bresse. PRODEX CHARNOZ. Forme : Société en nom collectif. Administration :

Gérant : MANIGLIER Jean-Pierre, Marie, Chantal Associé en nom : BERNARD PAGES (SAS) Associé en nom : DECOUX

DISTRIBUTION (SASU) Associé en nom : DISTRILAB INDUSTRIE (SAS) Associé en nom : DOCKS GENERAUX (SAS) Associé

en nom : CATTIAUX ROCHETTES (SAS) Associé en nom : COMPTOIR METALLURGIQUE DE BRETAGNE CMB (SAS) Associé

en nom : COMPTOIR AGRICOLE ET COMMERCIAL DE COGNAC (SAS) Associé en nom : DURUPT (SASU) Associé en

nom : EPAC EXPANSION (SAS) Associé en nom : BEAUPLET-LANGUILLE (SAS) Associé en nom : ETS BOSSU CUVELIER

(SASU) Associé en nom : ETS BURDIN BOSSERT (SASU) Associé en nom : ETS DESCOURS ET CABAUD ILE DE FRANCE

(SAS) Associé en nom : ETS DESCOURS ET CABAUD NORMANDIE (SASU) Associé en nom : ETS GUERMONT WEBER (SAS)

Associé en nom : ETS LECOUFLE (SAS) Associé en nom : ETS MARINGUE SAGETAT (SAS) Associé en nom : ETS SERVET

DUCHEMIN (SA) Associé en nom : ETS BAUDOUX (SASU) Associé en nom : STE ORLEANAISE DE FOURNITURES

INDUSTRIELLES SOFI (SASU) Associé en nom : GUILMAN (SAS) Associé en nom : HEULIN ROUSSEAU (SA) Associé en

nom : BERTON SICARD INDUSTRIE BATIMENT (SAS) Associé en nom : LENNIE (SAS) Associé en nom : QUINCAILLERIE

INDUSTRIELLE DE MARSEILLE NORD QUINCANOR (SAS) Associé en nom : MARTIN RONDEAU (SA) Associé en nom :

VENDEENNE D APPROVISIONNEMENT METALLURGIQUE ET AGRICOLE VAMA (SAS) Associé en nom : DESCOURS ET

CABAUD SAVOIE (SASU) Associé en nom : NOYER SAFIA (SAS) Associé en nom : PREVOT SMETA (SAS) Associé en nom :

ETS BAURES PRODUITS METALLURGIQUES SA (SA) Associé en nom : ETS DESCOURS ET CABAUD PROVENCE ALPES

COTE D AZUR (SASU) Associé en nom : QUINCAILLERIE DARMON (SAS) Associé en nom : QUINCAILLERIE MODERNE

(SASU) Associé en nom : RENE LEDOUX (SAS) Associé en nom : ETS DESCOURS ET CABAUD RHONE ALPES AUVERGNE

(SASU) Associé en nom : SCHMERBER (SA) Associé en nom : STE METALLURGIQUE DE GRENOBLE (SA) Associé en nom :

SOFERAC (SAS) Associé en nom : TAMPLEU SPRIET (SACA) Associé en nom : MESPLEDE SBPM (SASU) Associé en nom :

MIDI PYRENEES SCELLEMENT (SAS) Associé en nom : Etablissements G. BOUTILLON (SAS) Associé en nom :

COMPTOIRE GENERAL DES FONTES ET DES PLASTIQUES - C G F P (SASU) Associé en nom : SAS PANIER (SASU) Associé

en nom : DEMAY LESIEUR (SARL) Associé en nom : LOLL - HOUTMANN (SAS) Associé en nom : CODIMA (SACA) Associé

en nom : HUDRY (SASU) Associé en nom : JALLUT MSA (SAS) Associé en nom : SOMAIR GERVAT (SASU) Associé en

nom : ETS CLEMENT (SASU) Associé en nom : ENTREPOTS METALLURGIQUES DE PERIGUEUX (SASU) Associé en nom :

SAFIM (SARL) Associé en nom : DC PLASTIQUES (SASU) Commissaire aux comptes titulaire : AUDIT JC SARL

Commissaire aux comptes suppléant : E.C. DE CAROLIS. Capital : 851950 EUR. Activité : .

Commentaires : Modification survenue sur le capital, l'administration.

10/12/2013 Bodacc B Modification et mutation diverse

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

20 - 448 235 036 RCS Bourg-en-Bresse. PRODEX CHARNOZ. Forme : Société en nom collectif. Administration :

Gérant : MANIGLIER Jean-Pierre, Marie, Chantal Associé en nom : BEAURAIN (SAS) Associé en nom : BERNARD PAGES

(SAS) Associé en nom : DECOUX DISTRIBUTION (SA) Associé en nom : DISTRILAB INDUSTRIE (SAS) Associé en nom :

DOCKS GENERAUX (SAS) Associé en nom : CATTIAUX ROCHETTES (SAS) Associé en nom : COMPTOIR METALLURGIQUE

DE BRETAGNE CMB (SA) Associé en nom : COMPTOIR AGRICOLE ET COMMERCIAL DE COGNAC (SAS) Associé en nom :

DURUPT (SAS) Associé en nom : EPAC EXPANSION (SAS) Associé en nom : ETABLISSEMENTS BEAUPLET (SAS) Associé

en nom : ETS BOSSU CUVELIER (SAS) Associé en nom : ETS BURDIN BOSSERT (SAS) Associé en nom : ETS DESCOURS ET

CABAUD ILE DE FRANCE (SAS) Associé en nom : ETS DESCOURS ET CABAUD NORMANDIE (SAS) Associé en nom : ETS

GUERMONT WEBER (SAS) Associé en nom : ETS LECOUFLE (SA) Associé en nom : ETS MAILLAND (SAS) Associé en

nom : ETS MARINGUE SAGETAT (SAS) Associé en nom : ETS SERVET DUCHEMIN (SA) Associé en nom : ETS BAUDOUX

(SAS) Associé en nom : STE ORLEANAISE DE FOURNITURES INDUSTRIELLES SOFI (SA) Associé en nom : GUILMAN (SAS)

Associé en nom : HEULIN ROUSSEAU (SA) Associé en nom : BERTON SICARD INDUSTRIE BATIMENT (SA) Associé en

nom : LENNIE (SAS) Associé en nom : QUINCAILLERIE INDUSTRIELLE DE MARSEILLE NORD QUINCANOR (SAS) Associé

en nom : MARTIN RONDEAU (SA) Associé en nom : VENDEENNE D APPROVISIONNEMENT METALLURGIQUE ET

AGRICOLE VAMA (SAS) Associé en nom : DESCOURS ET CABAUD SAVOIE (SAS) Associé en nom : NOYER SAFIA (SAS)

Associé en nom : PREVOT SMETA (SAS) Associé en nom : ETS BAURES PRODUITS METALLURGIQUES SA (SA) Associé en

nom : ETS DESCOURS ET CABAUD PROVENCE ALPES COTE D AZUR (SAS) Associé en nom : QUINCAILLERIE DARMON

(SAS) Associé en nom : QUINCAILLERIE MODERNE (SA) Associé en nom : RENE LEDOUX (SAS) Associé en nom : ETS

DESCOURS ET CABAUD RHONE ALPES AUVERGNE (SAS) Associé en nom : SCHMERBER (SA) Associé en nom : STE

METALLURGIQUE DE GRENOBLE (SA) Associé en nom : SOFERAC (SAS) Associé en nom : TAMPLEU SPRIET (SA) Associé

en nom : MESPLEDE SBPM (SAS) Associé en nom : MIDI PYRENEES SCELLEMENT (SAS) Associé en nom : Etablissements

G. BOUTILLON (SAS) Commissaire aux comptes titulaire : AUDIT JC SARL Commissaire aux comptes suppléant : E.C.

DE CAROLIS. Activité : .

Commentaires : Modification survenue sur l'administration.

10/12/2013 Bodacc B Modification et mutation diverse

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

18 - 448 235 036 RCS Bourg-en-Bresse. PRODEX CHARNOZ. Forme : Société en nom collectif. Administration :

Gérant : MANIGLIER Jean-Pierre, Marie, Chantal Associé en nom : BEAURAIN (SAS) Associé en nom : BERNARD PAGES

(SAS) Associé en nom : DECOUX DISTRIBUTION (SA) Associé en nom : DISTRILAB INDUSTRIE (SAS) Associé en nom :

DOCKS GENERAUX (SAS) Associé en nom : CATTIAUX ROCHETTES (SAS) Associé en nom : COMPTOIR METALLURGIQUE

DE BRETAGNE CMB (SA) Associé en nom : COMPTOIR AGRICOLE ET COMMERCIAL DE COGNAC (SAS) Associé en nom :

DURUPT (SAS) Associé en nom : EPAC EXPANSION (SAS) Associé en nom : ETABLISSEMENTS BEAUPLET (SAS) Associé

en nom : ETS BOSSU CUVELIER (SAS) Associé en nom : ETS BURDIN BOSSERT (SAS) Associé en nom : ETS DESCOURS ET

CABAUD ILE DE FRANCE (SAS) Associé en nom : ETS DESCOURS ET CABAUD NORMANDIE (SAS) Associé en nom : ETS

GUERMONT WEBER (SAS) Associé en nom : ETS LANGUILLE (SAS) Associé en nom : ETS LECOUFLE (SA) Associé en

nom : ETS MAILLAND (SAS) Associé en nom : ETS MARINGUE SAGETAT (SAS) Associé en nom : ETS SERVET DUCHEMIN

(SA) Associé en nom : ETS BAUDOUX (SAS) Associé en nom : STE ORLEANAISE DE FOURNITURES INDUSTRIELLES SOFI

(SA) Associé en nom : GUILMAN (SAS) Associé en nom : HEULIN ROUSSEAU (SA) Associé en nom : BERTON SICARD

INDUSTRIE BATIMENT (SA) Associé en nom : LENNIE (SAS) Associé en nom : QUINCAILLERIE INDUSTRIELLE DE

MARSEILLE NORD QUINCANOR (SAS) Associé en nom : MARTIN RONDEAU (SA) Associé en nom : VENDEENNE D

APPROVISIONNEMENT METALLURGIQUE ET AGRICOLE VAMA (SAS) Associé en nom : DESCOURS ET CABAUD SAVOIE

(SAS) Associé en nom : NOYER SAFIA (SAS) Associé en nom : PREVOT SMETA (SAS) Associé en nom : ETS BAURES

PRODUITS METALLURGIQUES SA (SA) Associé en nom : ETS DESCOURS ET CABAUD PROVENCE ALPES COTE D AZUR

(SAS) Associé en nom : QUINCAILLERIE DARMON (SAS) Associé en nom : QUINCAILLERIE MODERNE (SA) Associé en

nom : RENE LEDOUX (SAS) Associé en nom : ETS DESCOURS ET CABAUD RHONE ALPES AUVERGNE (SAS) Associé en

nom : SCHMERBER (SA) Associé en nom : STE METALLURGIQUE DE GRENOBLE (SA) Associé en nom : SOFERAC (SAS)

Associé en nom : TAMPLEU SPRIET (SA) Associé en nom : MESPLEDE SBPM (SAS) Associé en nom : MIDI PYRENEES

SCELLEMENT (SAS) Associé en nom : Etablissements G. BOUTILLON (SAS) Commissaire aux comptes titulaire :

AUDIT JC SARL Commissaire aux comptes suppléant : E.C. DE CAROLIS. Activité : .

Commentaires : Modification survenue sur l'administration.

21/11/2013 JAL Appointment of the social representative

Courrier Economie (Le)

Date de décision : 21/10/2013

Société faisant l'objet d'une nomination : 448235036 - PRODEX CHARNOZ, RTE LES PISES, LIEUDIT, 01800

CHARNOZ SUR AIN

Nominé : 421295007 - COMPTOIR GENERAL FONTES ET PLASTIQUES, CGFP, 105 RUE DE PARIS, 93130 NOISY LE SEC

En la fonction de : Associé en nom

Nominé : 390222511 - SAS PANIER, 7 RUE DE LA NOUE GUIMANTE, ZAC DE LA COURTILLIERE, 77400 SAINT THIBAULT

DES VIGNES

En la fonction de : Associé en nom

Nominé : 444419071 - DEMAY LESIEUR, 1 RUE NICEPHORE NIEPCE, 76300 SOTTEVILLE LES ROUEN

En la fonction de : Associé en nom

Nominé : 351648746 - LOLL-HOUTMANN, 2 RUE MICHAEL FARADAY, LA VIGIE, 67540 OSTWALD

En la fonction de : Associé en nom

Nominé : 955514302 - CODIMA, RHONE PROTEC ROBOFLUX, 21 RUE EMILE ZOLA, 69150 DECINES CHARPIEU

En la fonction de : Associé en nom

Nominé : 605620210 - HUDRY, 31 AV DES LACS, 74950 SCIONZIER

En la fonction de : Associé en nom

Nominé : 054500541 - JALLUT MSA, 7 RUE DU BEAL, ZI SUD, BP 177, 38400 SAINT MARTIN D'HERES

En la fonction de : Associé en nom

Nominé : 434256210 - SOMAIR GERVAT, EPJ DIFFUSION, ZI DE LA GRANDE MARINE, 84800 L' ISLE SUR LA SORGUE

En la fonction de : Associé en nom

Nominé : 304166077 - ETS CLEMENT, RMB, BD DU MARECHAL JUIN, ZI NO 3, 16340 L'ISLE D'ESPAGNAC

En la fonction de : Associé en nom

Nominé : 571980879 - ENTREPOTS METALLURGIQUES DE PERIGUEUX, EMP, AV FIRMIN BOUVIER, 24750 BOULAZAC

En la fonction de : Associé en nom

Nominé : 444413892 - SAFIM, BD ALFRED DANEY, ZONE D'ENTREPOTS, 33300 BORDEAUX

En la fonction de : Associé en nom

Nominé : 780154019 - DC PLASTIQUES, PROLIANS PLASTIQUES, 9 RUE VAUCANSON, 69150 DECINES CHARPIEU

En la fonction de : Associé en nom

21/11/2013 JAL Modification of the share capital

Courrier Economie (Le)

Date de décision : 21/10/2013

La société : 448235036 - PRODEX CHARNOZ, RTE LES PISES, LIEUDIT, 01800 CHARNOZ SUR AIN a subi une

augmentation de son capital social désormais de 851 950 €

Date d'effet : 21/10/2013

19/08/2013 Bodacc C Comptes annuels et rapports

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

213 - 448235036 RCS. PRODEX CHARNOZ. Forme : Société en nom collectif. Adresse : Lieudit les Pisés 1800

Charnoz. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.

22/08/2012 Bodacc C Comptes annuels et rapports

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

88 - 448235036 RCS. PRODEX CHARNOZ. Forme : Société en nom collectif. Adresse : Lieudit les Pisés 1800

Charnoz. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.

23/08/2010 Bodacc C Comptes annuels et rapports

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

114 - 448235036 RCS. PRODEX CHARNOZ. Forme : Société en nom collectif. Adresse : Lieudit les Pisés 1800

Charnoz. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

22/07/2009 Bodacc B Modification et mutation diverse

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

34 - 448 235 036 RCS Bourg-en-Bresse. PRODEX CHARNOZ. Forme : Société en nom collectif. Administration :

Gérant(e) : MANIGLIER Jean-Pierre Marie Chantal. Associé en nom : BEAURAIN (SAS). Associé en nom : BERNARD

PAGES (SAS). Associé en nom : DECOUX DISTRIBUTION (SA). Associé en nom : DISTRILAB INDUSTRIE (SAS). Associé

en nom : DOCKS GENERAUX (SAS). Associé en nom : CATTIAUX ROCHETTES (SAS). Associé en nom : COMPTOIR

METALLURGIQUE DE BRETAGNE CMB (SA). Associé en nom : COMPTOIR AGRICOLE ET COMMERCIAL DE COGNAC

(SAS). Associé en nom : DUBE FULCOR (SAS). Associé en nom : DURUPT (SAS). Associé en nom : EPAC EXPANSION

(SAS). Associé en nom : ETABLISSEMENTS BEAUPLET (SAS). Associé en nom : ETS BOSSU CUVELIER (SAS). Associé en

nom : ETS BURDIN BOSSERT (SAS). Associé en nom : ETS DESCOURS ET CABAUD ILE DE FRANCE (SAS). Associé en

nom : ETS DESCOURS ET CABAUD NORMANDIE (SAS). Associé en nom : ETS GUERMONT WEBER (SAS). Associé en nom :

ETS LANGUILLE (SAS). Associé en nom : ETS LECOUFLE (SA). Associé en nom : ETS MAILLAND (SAS). Associé en nom :

ETS MARINGUE SAGETAT (SAS). Associé en nom : ETS SERVET DUCHEMIN (SA). Associé en nom : ETS BAUDOUX (SAS).

Associé en nom : STE ORLEANAISE DE FOURNITURES INDUSTRIELLES SOFI (SA). Associé en nom : GUILMAN (SAS).

Associé en nom : HEULIN ROUSSEAU (SA). Associé en nom : BERTON SICARD INDUSTRIE BATIMENT (SA). Associé en

nom : LENNIE (SAS). Associé en nom : QUINCAILLERIE INDUSTRIELLE DE MARSEILLE NORD QUINCANOR (SAS).

Associé en nom : MARTIN RONDEAU (SA). Associé en nom : VENDEENNE D APPROVISIONNEMENT METALLURGIQUE ET

AGRICOLE VAMA (SAS). Associé en nom : DESCOURS ET CABAUD SAVOIE (SAS). Associé en nom : NOYER SAFIA (SAS).

Associé en nom : PREVOT SMETA (SAS). Associé en nom : ETS BAURES PRODUITS METALLURGIQUES SA (SA). Associé

en nom : ETS DESCOURS ET CABAUD PROVENCE ALPES COTE D AZUR (SAS). Associé en nom : QUINCAILLERIE

DARMON (SAS). Associé en nom : QUINCAILLERIE MODERNE (SA). Associé en nom : RENE LEDOUX (SAS). Associé en

nom : ETS DESCOURS ET CABAUD RHONE ALPES AUVERGNE (SAS). Associé en nom : SCHMERBER (SA). Associé en

nom : STE METALLURGIQUE DE GRENOBLE (SA). Associé en nom : SOFERAC (SAS). Associé en nom : TAMPLEU SPRIET

(SA). Associé en nom : MESPLEDE SBPM (SAS). Associé en nom : MIDI PYRENEES SCELLEMENT (SAS). Associé en nom :

Etablissements G. BOUTILLON (SAS). Commissaire aux comptes titulaire : AUDIT JC SARL. Commissaire aux

comptes suppléant : E.C. DE CAROLIS. Capital : 550275 EUR.

Commentaires : Modification survenue sur l'administration, le capital.

01/07/2009 Bodacc C Comptes annuels et rapports

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

125 - 448235036 RCS. PRODEX CHARNOZ. Forme : Société en nom collectif. Adresse : Lieudit les Pisés, 1800

Charnoz. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

23/07/2008 Bodacc B Modification et mutation diverse

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

21 - 448 235 036 RCS Bourg-en-Bresse. PRODEX CHARNOZ. Forme : Société en nom collectif. Administration :

Gérant(e) : MANIGLIER Jean-Pierre Marie ChantalAssocié en nom : BEAURAIN (SAS). Associé en nom : BERNARD

PAGES (SAS). Associé en nom : DECOUX DISTRIBUTION (SA). Associé en nom : DISTRILAB INDUSTRIE (SAS). Associé

en nom : DOCKS GENERAUX (SAS). Associé en nom : CATTIAUX ROCHETTES (SAS). Associé en nom : COMPTOIR

METALLURGIQUE DE BRETAGNE CMB (SA). Associé en nom : COMPTOIR AGRICOLE ET COMMERCIAL DE COGNAC

(SAS). Associé en nom : DUBE FULCOR (SAS). Associé en nom : DURUPT (SAS). Associé en nom : EPAC EXPANSION

(SAS). Associé en nom : ETABLISSEMENTS BEAUPLET (SAS). Associé en nom : ETS BOSSU CUVELIER (SAS). Associé en

nom : ETS BURDIN BOSSERT (SAS). Associé en nom : ETS DESCOURS ET CABAUD ILE DE FRANCE (SAS). Associé en

nom : ETS DESCOURS ET CABAUD NORMANDIE (SAS). Associé en nom : ETS GUERMONT WEBER (SAS). Associé en nom :

ETS LANGUILLE (SAS). Associé en nom : ETS LECOUFLE (SA). Associé en nom : ETS MAILLAND (SAS). Associé en nom :

ETS MARINGUE SAGETAT (SAS). Associé en nom : ETS SERVET DUCHEMIN (SA). Associé en nom : ETS BAUDOUX (SAS).

Associé en nom : BRIE-FGI (SAS). Associé en nom : STE ORLEANAISE DE FOURNITURES INDUSTRIELLES SOFI (SA).

Associé en nom : GUILMAN (SAS). Associé en nom : HEULIN ROUSSEAU (SA). Associé en nom : BERTON SICARD

INDUSTRIE BATIMENT (SA). Associé en nom : LENNIE (SAS). Associé en nom : QUINCAILLERIE INDUSTRIELLE DE

MARSEILLE NORD QUINCANOR (SAS). Associé en nom : MARTIN RONDEAU (SA). Associé en nom : VENDEENNE D

APPROVISIONNEMENT METALLURGIQUE ET AGRICOLE VAMA (SAS). Associé en nom : DESCOURS ET CABAUD SAVOIE

(SAS). Associé en nom : NOYER SAFIA (SAS). Associé en nom : PREVOT SMETA (SAS). Associé en nom : ETS BAURES

PRODUITS METALLURGIQUES SA (SA). Associé en nom : ETS DESCOURS ET CABAUD PROVENCE ALPES COTE D AZUR

(SAS). Associé en nom : QUINCAILLERIE DARMON (SAS). Associé en nom : QUINCAILLERIE MODERNE (SA). Associé en

nom : RENE LEDOUX (SAS). Associé en nom : ETS DESCOURS ET CABAUD RHONE ALPES AUVERGNE (SAS). Associé en

nom : SCHMERBER (SA). Associé en nom : STE METALLURGIQUE DE GRENOBLE (SA). Associé en nom : SOFERAC (SAS).

Associé en nom : TAMPLEU SPRIET (SA). Associé en nom : MESPLEDE SBPM (SAS). Associé en nom : MIDI PYRENEES

SCELLEMENT (SAS). Commissaire aux comptes titulaire : AUDIT JC SARL. Commissaire aux comptes suppléant : E.C.

DE CAROLIS.

Commentaires : Modification survenue sur l'administration.

27/05/2008 Bodacc C Comptes annuels et rapports

01 - AIN

GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE

163 - 448235036 RCS. PRODEX CHARNOZ. Forme : Société en nom collectif. Adresse : Lieudit les Pisés, 1800

Charnoz. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

31/05/2007 Bodacc C Avis de dépôt des comptes

203 - RCS Bourg-en-Bresse B 448 235 036. RC 03-B 291. PRODEX CHARNOZ. Forme: S.N.C. Adresse du siège social:

lieudit les Pises,01800 Charnoz. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

30/11/2006 Bodacc B Modifications et mutations diverses

0027 - RCS Bourg-en-Bresse B 448 235 036. RC 03-B 291. PRODEX CHARNOZ. Forme : S.N.C. Adresse du siège

social : lieudit Les Pisés,, 01800 Commentaires : modification survenue sur l'administration. Administration :

gérant : BILLET (Eric, Maurice, Jean) (Nom d'usage : BILLET). Associés en nom : BEAURAIN BERNARD PAGES

DECOUX DISTRIBUTION DISTRILAB INDUSTRIE DOCKS GENERAUX CATTIAUX ROCHETTES COMPTOIR METALLURGIQUE

DE BRETAGNE-CMB COMPTOIR AGRICOLE ET COMMERCIAL DE COGNAC DUBE FULCOR DURUPT EPAC EXPANSION

ETABLISSEMENTS BEAUPLET ETS BOSSU CUVELIER ETS BURDIN BOSSERT ETS DESCOURS ET CABAUD ILE DE FRANCE

ETS DESCOURS ET CABAUD NORMANDIE ETS GUERMONT WEBER ETS LANGUILLE ETS LECOUFLE ETS MAILLAND ETS

MARINGUE SAGETAT ETS SERVET DUCHEMIN ETS BAUDOUX BRIE-FGI STE ORLEANAISE DE FOURNITURES

INDUSTRIELLES-SOFI GUILMAN HEULIN ROUSSEAU BERTON SICARD INDUSTRIE BATIMENT LENNIE QUINCAILLERIE

INDUSTRIELLE DE MARSEILLE NORD-QUINCANOR MARTIN RONDEAU VENDEENNE D'APPROVISIONNEMENT

METALLURGIQUE ET AGRICOLE-VAMA DESCOURS ET CABAUD SAVOIE NOYER SAFIA PREVOT SMETA ETS BAURES

PRODUITS METALLURGIQUES S.A. ETS DESCOURS ET CABAUD PROVENCE ALPES COTE D'AZUR QUINCAILLERIE

DARMON QUINCAILLERIE MODERNE RENE LEDOUX ETS DESCOURS ET CABAUD RHONE ALPES AUVERGNE SCHMERBER

STE METALLURGIQUE DE GRENOBLE SOFERAC TAMPLEU SPRIET MESPLEDE SBPM MIDI PYRENEES SCELLEMENT.

Commissaire aux comptes titulaire : CHAMPALLE (Jacques) (Nom d'usage : CHAMPALLE). Commissaire aux comptes

suppléant : ASTIER DE CAROLIS (Marie, Laure) (Nom d'usage : ASTIER DE CAROLIS). Date d'effet : 2 octobre 2006.

21/06/2006 Bodacc C Avis de dépôt des comptes

140 - RCS Bourg-en-Bresse B 448 235 036. RC 03-B 291. PRODEX CHARNOZ. Forme: S.N.C. Adresse du siège social:

lieudit les Pises,01800 Charnoz-sur-Ain. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

06/12/2005 Bodacc B Modifications et mutations diverses

56 - RCS Bourg-en-Bresse B 448 235 036. RC 03-B 291. PRODEX CHARNOZ. Forme : S.N.C. Adresse du siège social :

lieudit Les Pisés,, 01800 Commentaires : modification survenue sur l'administration. Administration : gérant :

CRETIN (François) (Nom d'usage : CRETIN). Associés en nom : BEAURAIN BERNARD PAGES DECOUX DISTRIBUTION

DISTRILAB INDUSTRIE DOCKS GENERAUX CATTIAUX ROCHETTES COMPTOIR METALLURGIQUE DE BRETAGNE CMB

COMPTOIR AGRICOLE ET COMMERCIAL DE COGNAC DUBE FULCOR DURUPT EPAC EXPANSION ETABLISSEMENTS

BEAUPLET ETABLISSEMENTS BOSSU CUVELIER ETABLISSEMENTS BURDIN BOSSERT ETABLISSEMENTS DESCOURS ET

CABAUD ILE DE FRANCE ETABLISSEMENTS DESCOURS ET CABAUD NORMANDIE ETABLISSEMENTS GUERMONT WEBER

ETABLISSEMENTS LANGUILLE ETABLISSEMENTS LECOUFLE ETABLISSEMENTS MAILLAND ETABLISSEMENTS MARINGUE

SAGETAT ETABLISSEMENTS SERVET DUCHEMIN ETABLISSEMENTS BAUDOUX BRIE-FGI STE ORLEANAISE DE

FOURNITURES INDUSTRIELLES SOFI GUILMAN HEULIN ROUSSEAU BERTON SICARD INDUSTRIE BATIMENT LENNIE

QUINCAILLERIE INDUSTRIELLE DE MARSEILLE NORD QUINCANOR MARTIN RONDEAU VENDEENNE

D'APPROVISIONNEMENT METALLURGIQUE ET AGRICOLE VAMA DESCOURS ET CABAUD SAVOIE NOYER SAFIA PREVOT

SMETA ETABLISSEMENTS BAURES PRODUITS METALLURGIQUES S.A. ETABLISSEMENTS DESCOURS ET CABAUD

PROVENCE ALPES COTE D'AZUR QUINCAILLERIE DARMON QUINCAILLERIE MODERNE RENE LEDOUX ETABLISSEMENTS

DESCOURS ET CABAUD RHONE ALPES AUVERGNE SCHMERBER STE METALLURGIQUE DE GRENOBLE SOFERAC TAMPLEU

SPRIET. Nouveaux associés en nom : MESPLEDE SBPM MIDI PYRENEES SCELLEMENT. Commissaire aux comptes

titulaire : CHAMPALLE (Jacques) (Nom d'usage : CHAMPALLE). Commissaire aux comptes suppléant : ASTIER DE

CAROLIS (Marie, Laure) (Nom d'usage : ASTIER DE CAROLIS). Date d'effet : 22 juin 2005.

25/08/2005 Bodacc B Modifications et mutations diverses

39 - RCS Bourg-en-Bresse B 448 235 036. RC 03-B 291. PRODEX CHARNOZ. Forme : S.N.C. Capital : 323 950 euros.

Adresse du siège social : lieudit Les Pisés,, 01800 Commentaires : modification survenue sur le capital

(augmentation) et l'administration. Administration : gérant : CRETIN (François) (Nom d'usage : CRETIN). Associés

en nom : BEAURAIN BERNARD PAGES DECOUX DISTRIBUTION DISTRILAB INDUSTRIE DOCKS GENERAUX CATTIAUX

ROCHETTES COMPTOIR METALLURGIQUE DE BRETAGNE-CMB COMPTOIR AGRICOLE ET COMMERCIAL DE COGNAC

DUBE FULCOR DURUPT EPAC EXPANSION ETABLISSEMENTS BEAUPLET ETABLISSEMENTS BOSSU CUVELIER

ETABLISSEMENTS BURDIN BOSSERT ETABLISSEMENTS DESCOURS ET CABAUD ILE DE FRANCE ETABLISSEMENTS

DESCOURS ET CABAUD NORMANDIE ETABLISSEMENTS GUERMONT WEBER ETABLISSEMENTS LANGUILLE

ETABLISSEMENTS LECOUFLE ETABLISSEMENTS MAILLAND ETABLISSEMENTS MARINGUE SAGETAT ETABLISSEMENTS

SERVET DUCHEMIN ETABLISSEMENTS BAUDOUX BRIE-FGI STE ORLEANAISE DE FOURNITURES INDUSTRIELLES-SOFI

GUILMAN HEULIN ROUSSEAU BERTON SICARD INDUSTRIE BATIMENT LENNIE QUINCAILLERIE INDUSTRIELLE DE

MARSEILLE NORD QUINCANOR RONDEAU (Martin) VENDEENNE D'APPROVISIONNEMENT METALLURGIQUE ET

AGRICOLE-VAMA DESCOURS ET CABAUD SAVOIE NOYER SAFIA PREVOT SMETA ETABLISSEMENTS BAURES PRODUITS

METALLURGIQUES S.A. ETABLISSEMENTS DESCOURS ET CABAUD PROVENCE ALPES COTE D'AZUR QUINCAILLERIE

DARMON QUINCAILLERIE MODERNE LEDOUX (René) ETABLISSEMENTS DESCOURS ET CABAUD RHONE ALPES

AUVERGNE SCHMERBER STE METALLURGIQUE DE GRENOBLE SOFERAC TAMPLEU SPRIET. Commissaire aux comptes

titulaire : CHAMPALLE (Jacques) (Nom d'usage : CHAMPALLE). Commissaire aux comptes suppléant : ASTIER DE

CAROLIS (Marie, Laure) (Nom d'usage : ASTIER DE CAROLIS). Date d'effet : 22 juin 2005.

06/08/2005 Bodacc C Avis de dépôt des comptes

379 - RCS Bourg-en-Bresse B 448 235 036. RC 03-B 291. PRODEX CHARNOZ. Forme: S.N.C. Adresse du siège social:

lieudit les Pises,01800 Charnoz-sur-Ain. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

23/05/2003 Bodacc A Création d'établissement

RCS Bourg-en-Bresse B 448235036 RC 03-B 291 PRODEX CHARNOZ. Forme : S.N.C. Capital : 154 000 euros. Adresse

du siège social : lieudit Les Pisés, 01800 Charnod. Administration : gérant : CRETIN ( François). Associés en nom :

BEAURAIN PAGES (Bernard) DECOUX DISTRIBUTION DISTRILAB INDUSTRIE DOCKS GENERAUX CATTIAUX ROCHETTES

COMPTOIR METALLURGIQUE DE BRETAGNE-C.M.B. COMPTOIR AGRICOLE ET COMMERCIAL DE COGNAC DUBE

FULCOR DURUPT EPAC EXPANSION ETABLISSEMENTS BEAUPLET ETABLISSEMENTS BOSSU-CUVELIER ETABLISSEMENTS

BURDIN-BOSSERT ETABLISSEMENTS DESCOURS ET CABAUD ILE- DE-FRANCE ETABLISSEMENTS DESCOURS ET CABAUD

NORMANDIE ETABLISSEMENTS GUERMONT-WEBER ETABLISSEMENTS LANGUILLE ETABLISSEMENTS LECOUFLE

ETABLISSEMENTS MAILLAND ETABLISSEMENTS MARINGUE-SAGETAT ETABLISSEMENTS SERVET DUCHEMIN

ETABLISSEMENTS BAUDOUX F.G.I. OUTILCOUP-FOURNITURES GENERALES POUR L' INDUSTRIE STE ORLEANAISE DE

FOURNITURES INDUSTRIELLES-SOFI GUILMAN HEULIN ROUSSEAU BERTON SICARD INDUSTRIE BATIMENT LENNIE

QUINCAILLERIE INDUSTRIELLE DE MARSEILLE- NORD - QUINCANOR MARTIN RONDEAU VENDEENNE

D'APPROVISIONNEMENT METALLURGIQUE ET AGRICOLE-VAMA MONTANT NOYER SAFIA PREVOT SMETA

ETABLISSEMENTS BAURES PRODUITS METALLURGIQUES S.A. ETABLISSEMENTS DESCOURS ET CABAUD PROVENCEALPES

COTE- D'AZUR QUINCAILLERIE DARMON QUINCAILLERIE MODERNE LEDOUX (René) ETABLISSEMENTS

DESCOURS ET CABAUD RHONE- ALPES-AUVERGNE SCHMERBER INDUSTRIE ET BATIMENT STE METALLURGIQUE DE

GRENOBLE SOFERAC TAMPLEU SPRIET. Commissaire aux comptes titulaire : CHAMPALLE (Jacques). Commissaire

aux comptes suppléant : ASTIER DE CAROLIS ( Marie, Laure) Cette société se constitue Etablissement principal:

Activité : négoce de tous articles de boulonnerie, de visserie, de tout matériel et de systèmes de fixation, plus

généralement, de tous produits manufacturés. Adresse : lieudit Les Pisés, 01800 Charnod Date de début

d'activité: 1 e r mars 2003.

Directors

Name	M. MANIGLIER JEAN-PIERRE MARIE CHANTAL
Manager position	Manager	Date of birth	10/03/1957
Place of birth	LYON 06 (69)
Type	Individual	Name at birth

Manager position	Title and name	Date of Birth/Place of Birth
Manager	MERIC BILLET	—
Manager	MERIC BILLET	11/18/1961 -ORANALGERIE
Manager	M FRANCOIS CRETIN	11/17/1945-ORANALGERIE
Manager	M JEAN-PIERRE MANIGLIER	3/10/1957-LYON 06

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.93
UK Pound	1	Rs.96.37
Euro	1	Rs.76.10

INFORMATION DETAILS

Analysis Done by :	SUM
Report Prepared by :	SMN

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.