MIRA INFORM REPORT

Report Date :

11.12.2014

IDENTIFICATION DETAILS

Name :	ALM INTERNATIONAL
Registered Office :	3 Sb Quai Aux Fleurs 75004 Paris 4
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	May 1979
Com. Reg. No.:	7 315 734 483
Legal Form :	Public Limited Company With Board of Directors
Line of Business :	Wholesale Trade (Business to Business) of chimiquesss products ( 4675Z )
No of Employees :	20 to 49

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – 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 ALM International	SIRET 315 734 483 00052
Activity (APE) Wholesale Trade (Business to Business) of chimiquesss products ( 4675Z )	Legal form Public limited company with board of directors
Phone 01 44 32 16 16	RSC Registration RCS Paris 7 315 734 483
Fax 01 44 32 16 16	Share capital 2,025,000 Euros
Address 3 sB Quai Aux Fleurs 75004 Paris 4	Incorporated Date 05/1979
Nationality France	Status Economically active

CURRENT DIRECTORS

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	50,087,489 €	63,675,527 €	50,1879,277 €
Gross Operating Surplus	3.53 % Turnover	3.97 % Turnover	3.04 % Turnover
Shareholders’ equity	4,188,435 €	3,938,365 €	3,790,134 €
Net result	250,070 €	238,230 €	232,841 €
Employees	20s to 49 employees	--	--

Company Information

Company details

Activity (APE)	Wholesale ( intercompany trade) of chemicals ( 4675Z )
RCS Registration	RCS Paris 7 315 734 483	Share capital	2,025,000 Euros
Registration Court	Paris (75)	Legal form	Public limited company with board of directors
Court Registry Number	19 7 9B03804	EUR VAT Number	FR13315734483
Incorporation Date	05/1979	Formation Date	01/1979
Deregistration Date		Last account Date	31/12/2013
Nationality	France

1 ultimate parent company for this company
Ultimate Parent > ALM INTERNATIONAL - Commerce de gros (commerce interentreprises) de

produits chimiques (4675Z) in PARIS 4 (75004)

Establishment details

	Commerce de gros
Activity (APE)	(commerce interentreprises) de produits chimiques (4675Z)	Business Pages FT®	PRODUITS CHIMIQUES (FABRICATION, GROS)
Postal Address	ALM INTERNATIONAL 3 B QUAI AUX FLEURS 75004 PARIS 4	Trading Address	3 B QUAI AUX FLEURS 75004 PARIS 4
Telephone	01 44 32 16 16
Fax	01 44 32 16 16

Type	Head office	Status	Economically active
Formation Date	02/1989	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Paris (75)	Region	Ile-de-France
District	1	Area	99
City	PARIS 4	Size of urban area	Paris conglomeration

Other establishments

Branches	2 branch entities in this company
Head Office	> ALM International <<< - Commerce de gros (commerce interentreprises) de produits chimiques (4675Z) in Pariss 4 (75004)
Secondary Establishments	> ALM International – Commerce de gros de produits chimiques (515L) in THONON LES BAINS (74200) > ALM International – Commerce de gros (commerce interentreprises) de produits chimiques (4675Z) in SEMUR EN AUXOIS (21140)
Rationality	Legal unit with all establishment in same area
Mono-activity Status	Legal unit having all establishment 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	15/07/2014		22/07/2013		03/11/2012
Activity Code	4675Z		4675Z		4675Z
Employees		0		0		45
Active account
Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	1,062,550	-7.7%	1,150,974	-4.2%	1,201,166	64,161	1556.1%
- Intangible assets	175,689	-3.6%	182,337	3.7%	175,877	436.50	40149.5%
- Tangible assets	95,860	-28.2%	133,446	-13.3%	153,879	21,111.50	354.1%
- Financial assets	790,999	-5.3%	835,191	-4.2%	871,410	3,787.50	20784.5%
Net current assets	18,842,807	-6.9%	20,233,880	22.9%	16,464,737	740,662	2444.0%
- Stocks	874,581	-13.4%	1,010,233	-59.6%	2,501,732	83,287	950.1%
- Advanced payments	0	-6.9%	0	0%	0	0	0%
- Receivables	14,933,676	-16.8%	17,957,306	42.3%	12,618,402	393,242	3697.6%
- Securities and cash	3,034,548	139.6%	1,266,341	-5.8%	1,344,603	86,404.50	3412.0%
- Prepaid expenses	-	-	-	-	-	65	-
Accounts of regularization	126,963	0%	0	0%	0	0	0%
Total Assets	20,032,320	-6.3%	21,384,855	21.1%	17,665,907	853,280.50	2247.7%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011		Sector Median 2013
Shareholders' equity	4,188,435	6.3%	3,938,365	3.9%	3,790,134		328,192	1176.2%
Share capital	2,025,000	0%	2,025,000	0%	2,025,000		50,000	3950.0%
Other capital resources	0	0%	0	0%		0	0	0%
Risk Provisions	2,971,462	26.7%	2,344,498	263.8%	644,498		0	0%
Liabilities	13,002,541	-13.9%	15,099,298	14.2%	13,219,711		477,881.50	2620.9%
- Financial liabilities	122,869	-20.1%	153,846	-89.9%	1,526,359		36,712.50	234.7%
- Advanced payments received	0	0%	0	0%		0	0	0%
- Trade account payables	11,296,039	-15.8%	13,420,064	28.0%	10,488,258		202,875	5468.0%
- Tax and social liabilities	990,199	-3.6%	1,026,930	18.2%	869,038		89,878	1001.7%
- Other debts and fixed assets liabilities	463,314	-7.5%	501,148	44.2%	347,616		8,255.50	5512.2%
Account regularization	0	0%	0	0%		0	0	0%
Total liabilities	20,032,320	-6.3%	21,384,854	21.1%	17,665,907		853,280	2247.7%
esults
Annual Accounts	31/12/2013		31/12/2012		31/12/2011		Sector Median 2013
Sales of Goods	50,741,439	-20.3%	63,683,939	26.9%	50,203,794	1,657,752.50		2960.9%
Net turnover	50,087,489	-21.3%	63,675,527	26.9%	50,189,277		1,629,387	2974.0%
- of which net export turnover	0	0%	63,255,200	0%	0		0	0%
Operating charges	48,874,750	-20.3%	61,310,603	25.7%	48,782,351	1,578,062.50		2997.1%
Operating profit/loss	1,866,689	-21.3%	2,373,336	67.0%	1,421,443		39,054.50	4679.7%
Financial income	575,674	-43.5%	1,019,053	-20.8%	1,286,566		688.50	83512.8%
Financial charges	941,079	-27.2%	1,292,994	-25.8%	1,743,112		3,318	28262.8%
Financial profit/loss	-365,404	-33.4%	-273,941	40.0%	-456,546		-631	-57808.7%
Pretax net operating income	1,501,284	-28.5%	2,099,395	117.6%	964,897		36,634	3998.1%
Extraordinary income	175,000 4504.1%		3,801	-99.6%	849,991		461	37861.0%
Extraordinary charges	1,334,870	-22.1%	1,712,616	17.2%	1,461,127		385.50	346169.8%
Extraordinary profit/loss	-1,159,870	32.1%	-1,708,815 -179.6%		-611,136		0	0%
Net result	250,070	5.0%	238,230	2.3%	232,851		29,148.50	757.9%

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	20,032,320	-6.3%	21,384,855	21.1%	17,665,907
Gross	CO	21,076,499	-6.7%	22,596,455	20.4%	18,762,845
Amortisation	1A	1,044,179	-13.8%	1,211,600	10.5%	1,096,938
on 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
ctive fixed asset (II)
		31/12/2013		31/12/2012		31/12/2011
Total Active fixed asset (II) Net		1,062,550	-7.7%	1,150,974	-4.2%	1,201,166
Gross	BJ	1,462,615	-2.1%	1,493,407	0.9%	1,479,750
Amortisation	BK	400,065	16.8%	342,433	22.9%	278,584
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	175,689	-3.6%	182,337	3.7%	175,877
Gross	AF	221,000	0.3%	220,248	8.5%	203,074
Amortisation	AG	45,311	19.5%	37,911	39.4%	27,197
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		175,689	-3.6%	182,337	3.7%	175,877

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	0	0%	0	0%	0
Gross	AR	0	0%	0	0%	0
Amortisation	AS	0	0%	0	0%	0
Other tangible fixed assets	Net	95,860	-28.2%	133,446	-13.3%	153,879
Gross	AT	421,693	3.1%	409,047	8.7%	376,345
Amortisation	AU	325,833	18.2%	275,601	23.9%	222,466
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	95,860		133,446		153,879

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	623,462	1.4%	615,030	0%	615,030
Gross	CU	652,383	1.3%	643,951	0%	643,951
Amortisation	CV	28,921	0%	28,921	0%	28,921
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	51,899	-34.5%	79,285	-13.0%	91,086
Gross	BF	51,899	0%	79,285	0%	91,086
Amortisation	BG	0		0		0
Other financial assets	Net	115,638	-17.9%	140,876	-14.8%	165,294
Gross	BH	115,638	-17.9%	140,876	-14.8%	165,294
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		790,999		835,191		871,410

Current Assets (III)

		31/12/2013		31/12/2012		31/12/2011
Total Assets	Net	18,842,807	-6.9%	20,233,880	22.9%	16,464,737
Gross	CJ	19,486,921	-7.7%	21,103,045	22.1%	17,283,090
Amortisation	CK	644,114	-25.9%	869,165	6.2%	818,353

Stocks

		31/12/2013		31/12/2012		31/12/2011
Raw materials	Net	0	0%	0	0%	0
Gross	BL	0	0%	0	0%	0
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	0	0%	0	0%	0
Gross	BR	0	0%	0	0%	0
Amortisation	BS	0	0%	0	0%	0
Goods for resale	Net	874,581	-13.4%	1,010,233	-59.6%	2,501,732
Gross	BT	874,581	-13.4%	1,010,233	-59.6%	2,501,732
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	874,581	-13.4%	1,010,233	-59.6%	2,501,732

Advance payments to suppliers

		31/12/2013		31/12/2012		31/12/2011
Advance payments to	Net	0	0%	0	0%	0
suppliers
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	14,056,326	-17.8%	17,091,438	44.5%	11,824,181
Gross	BX	14,589,858	-18.3%	17,850,019	42.4%	12,531,950
Amortisation	BY	533,529	-29.7%	758,581	7.2%	707,769
Other debtors	Net	856,068	0.6%	851,333	9.4%	777,923
Gross	BZ	966,652	0.5%	961,917	8.3%	888,507
Amortisation	CA	110,584	0%	110,584	0%	110,584
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	14,912,394	-16.9%	17,942,771	42.4%	12,602,104

Divers

		31/12/2013		31/12/2012		31/12/2011
Investment securities	Net	392,753	2.9%	381,753	-0.4%	383,243
Gross	CD	392,753	2.9%	381,753	-0.4%	383,243
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	2,641,795	198.6%	884,588	-8.0%	961,360
Gross	CF	2,641,795	198.6%	884,588	-8.0%	961,360
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	3,034,548	139.6%	1,266,341	-5.8%	1,344,603

Prepaid expenses

		31/12/2013		31/12/2012		31/12/2011
Prepaid expenses	Net	21,282	46.4%	14,535	-10.8%	16,298
Gross	CH	21,282	46.4%	14,535	-10.8%	16,298
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 bon ds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	126,963	0%	0	0%	0
Gross		126,963	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	20,032,320	-6.3%	21,384,854	21.1%	17,665,907

Shareholder Equity (I)

		31/12/2013		31/12/2012		31/12/2011
Total shareholders' equity (Total I)	DL	4,188,435	6.3%	3,938,365	3.9%	3,790,134
Equity and shareholders' equity	DA	2,025,000	0%	2,025,000	0%	2,025,000
Issue and merger premiums	DB	171,505	0%	171,505	0%	171,505
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	202,500	0%	202,500	25.5%	161,391
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	1,539,360	18.3%	1,301,130	8.5%	1,199,387
Of which reserve for buying
originals works from alive	EJ	0		0	0%	0
artists
Profits or losses brought forward	DH	0	0%	0	0%	0
Profit or loss for the period	DI	250,070	5.0%	238,230	2.3%	232,851
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other 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

Provisions for risks and charges (III)

		31/12/2013		31/12/2012		31/12/2011
Total provisions for risks and charges (Total III)	DR	2,971,462	26.7%	2,344,498	263.8%	644,498
Risk provisions	DP	2,971,462	26.7%	2,344,498	263.8%	644,498
Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		31/12/2013		31/12/2012		31/12/2011
Total Liabilities (Total IV)	EC	13,002,541	-13.9%	15,099,298	14.2%	13,219,711
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	122,869	-20.1%	153,846	-89.9%	1,526,171
Sundry loans and financial liabilities	DV	0	0%	0	0%	188
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	0	0%	0	0%	0
Trade accounts payables	DX	11,296,039	-15.8%	13,420,064	28.0%	10,488,258
Tax and social security liabilities	DY	990,199	-3.6%	1,026,930	18.2%	869,038
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	593,432	19.1%	498,458	48.3%	336,056

Translation loss (V)

		31/12/2013	31/12/2012		31/12/2011
Translation loss (Total V)	ED	-130,118 -4937.1%	2,690	-76.7%	11,560

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	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro

Result account 1- Operating result (I-II)

		31/12/2013		31/12/2012		31/12/2011
Operating result (Total I-II)	GG	1,866,689	-21.3%	2,373,336	67.0%	1,421,443

2 - Financial result (V - VI)

	31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI) GV	-365,404	-33.4%	-273,941	40.0%	-456,546
3 - Pre-tax net operating income result (I		- VI)
	31/12/2013		31/12/2012		31/12/2011
Pre-tax net operating
income (Total I-II+II-IV+V- GW	1,501,284 -28.5%		2,099,395	117.6%	964,897
VI)
4 - Extraordinary result (VII-VIII)
	31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII) ^HI	-1,159,870	32.1%	-1,708,815	-179.6%	-611,136
Profit or loss
	31/12/2013		31/12/2012		31/12/2011
Profit or loss HN	250,070	5.0%	238,230	2.3%	232,851
Total Income (I+III+V+VII)
	31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII) HL	51,492,114	-20.4%	64,706,793	23.6%	52,340,351
Total charges (Total II+IV+VI+VIII+IX+X)
	31/12/2013		31/12/2012		31/12/2011
Total charges (Total II+IV+VI+VIII+IX+X)	51,242,041	-20.5%	64,468,562	23.7%	52,107,502
Operating income (I)
	31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I) ^FR	50,741,439	-20.3%	63,683,939	26.9%	50,203,794

Operating income (details)

		31/12/2013		31/12/2012		31/12/2011
Sale of goods for resale	FC	50,078,415	-21.4%	63,675,527	26.9%	50,186,663
France	FA	50,078,415	11814.2%	420,327	-99.2%	50,186,663
Export	FB	0	0%	63,255,200	0%	0
Sale of goods produced	FF	0	0%	0	0%	0
France	FD	0	0%	0	0%	0
Export	FE	0	0%	0	0%	0
Sale of services	FI	9,074	0%	0	0%	2,614
France	FG	9,074	0%	0	0%	2,614
Export	FH	0	0%	0	0%	0
Net turnover	FL	50,087,489	-21.3%	63,675,527	26.9%	50,189,277
France	FJ	50,087,489	11816.3%	420,327	-99.2%	50,189,277
Export	FK	0	0%	63,255,200	0%	0
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	0	0%	0
Release of reserves and provisions	FP	653,950	7674.9%	8,411	-42.1%	14,516
Other income	FQ	0	0%	01	0%	01
perating charges (II)
		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	48,874,750	-20.3%	61,310,603	25.7%	48,782,351
xploitation charges
		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	41,041,898	-17.4%	49,676,756	18.2%	42,029,392
Change in stocks of goods for resale	FT	135,652	-90.9%	1,491,498	183.0%	-1,797,690
Purchase of raw materials	FU	26,577	110.7%	12,616	-63.6%	34,638
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	3,523,724	-43.3%	6,217,511	20.4%	5,164,343
Tax, duty and similar payments	FX	321,377	2.5%	313,424	62.9%	192,363
Payroll	FY	2,162,989	-7.3%	2,332,700	15.9%	2,012,508
Social security costs	FZ	1,107,994	0.3%	1,105,054	7.6%	1,027,012

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	57,631	-9.7%	63,850	33.3%	47,893
Amortisation of fixed assets	GB	0	0%	50,812	0%	0
Depreciation/amortisation of current assets	GC	410,655	0%	0	0%	56,200
Provisions for risks and charges	GD	0	0%	0	0%	0
)ther charges
		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	86,253	86.0%	46,382	195.6%	15,690

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	GI	0	0%	0	0%	0
partner(s) (Total IV)
^7inancial income (V)
		31/12/2013		31/12/2012		31/12/2011
Total financial income (Total V)	GP	575,674	-43.5%	1,019,053	-20.8%	1,286,566
Share financial income	GJ	121,959	0%	0	0%	0
Other investment income & capitalised receivables	GK	5,151	0%	0	0%	6,879
Other interest and similar income	GL	02	-100.0%	5,419	15382.9%	35
Released provisions and transferred charges	GM	0	0%	831	-98.7%	64,631
Exchange gains	GN	448,560	0%	0	0%	1,215,020
Net income from disposal of investment securities	GO	0	0%	1,012,803	0%	0

Financial Charge (VI)

		31/12/2013		31/12/2012		31/12/2011
Total financial charge (Total VI)	GU	941,079	-27.2%	1,292,994	-25.8%	1,743,112
Financial reserves and provisions	GQ	126,963	0%	0	0%	0
Interest and similar charges	GR	303,351	-19.4%	376,513	-27.0%	515,491
Exchange losses	GS	510,763	-44.2%	915,735	-25.4%	1,227,621
Net loss from disposal of investment securities	GT	0	0%	746	0%	0
xtraordinary income (VII)
		31/12/2013		31/12/2012		31/12/2011
Total extraordinary income (Total VII)	HD	175,000	4504.1%	3,801	-99.6%	849,991
Extraordinary operating income	HA	175,000	4504.1%	3,801	-11.3%	4,286
Extraordinary income from capital transactions	HB	0	0%	0	0%	0
Released provisions and transferred charges	HC	0	0%	0	0%	845,705
ixtraordinary charges (VIII)
		31/12/2013		31/12/2012		31/12/2011
Total extraordinary charges (Total VIII)	HH	1,334,870	-22.1%	1,712,616	17.2%	1,461,127
Extraordinary operating charges	HE	834,870	6517.5%	12,616	-98.5%	861,127
Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
Extraordinary reserves and provisions	HG	500,000	-70.6%	1,700,000	183.3%	600,000
Imployee profit sharing (IX)
		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0
ax on profits (X)
		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	91,342	-40.0%	152,349	26.0%	120,912

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	0	0%	0	0%	46,464
Gross value at the end of period	OL	1,462,612	-2.1%	1,493,409	0.9%	1,479,753
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	D0	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	220,248	8.5%	203,074	0.5%	202,100
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	752	-95.6%	17,174	1661.4%	975
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	0	0%	0	0%	0
Gross value at the end of period	LW	221,000	0.3%	220,248	8.5%	203,075
angible fixed assets (Total III)
		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	LN	409,045	8.7%	376,344	10.2%	341,644
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	12,645	-61.3%	32,700	-5.8%	34,702
Decreasess by budget item transfer	NG1	0	0%	0	0%	0
Decreasess by transfers	NG2	0	0%	0	0%	0
Gross value at the end of period	NH	421,690	3.1%	409,044	8.7%	376,346
iancial assets (Total IV)
		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	LQ	864,113	-4.0%	900,332	-0.3%	902,797
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	-44,191	-22.0%	-36,218	-182.3%	44,000
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	0	0%	0	0%	46,464
Gross value at the end of period	NK	819,922	-5.1%	864,114	-4.0%	900,333

Reserve for depreciation

Situation and movement of reserve for depreciation

Grand total (I-II-III)

	31/12/2013			31/12/2012		31/12/2011
Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases	0P	0	0%	0	0%	0
Decreasess	0Q	0	0%	0	0%	0
Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0
Research and development charge (Total I)
	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
Dther intangible assets (Total II)
	31/12/2013			31/12/2012		31/12/2011
Reserve for depreciation value at begin of period	PE	37,912	39.4%	27,197	3.1%	26,382
Increases	PF	7,400	-30.9%	10,715	1214.7%	815
Decreasess	PG	0	0%	0	0%	0
Decreasess by budget item transfer	PH	45,311	19.5%	37,912	39.4%	27,197
otal fixed assets amotisation (Total III)
	31/12/2013			31/12/2012		31/12/2011
Reserve for depreciation value at begin of period	QU	275,602	23.9%	222,467	26.8%	175,387
Increases	QV	50,231	-5.5%	53,136	12.9%	47,078
Decreases	QW	0	0%	0	0%	0
Decreasess by budget item transfer	QX	325,833	18.2%	275,603	23.9%	222,465

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
remium 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 (I-II-III)

			31/12/2013			31/12/2012		31/12/2011
	Value at begining of period	7C		0	0%	1,462,852	-14.8%	1,716,989
	Increases	UB		0	0%	50,812	-9.6%	56,200
	Decreases	UC		0	0%	0	0%	0
	Value at the end of period	UD		0	0%	1,513,664	3.5%	1,462,852
Includes Total allocations
	Operating	UE		0	0%	0	0%	0
	Financial	UG		0	0%	0	0%	0
	Exceptional	UJ		0	0%	0	0%	0
Includes Total Withdrawal
	Operating	UF		0	0%	0	0%	0
	Financial	UH		0	0%	0	0%	0
	Exceptional	UK		0	0%	0	0%	0
Total regulated provisions (Total I)
			31/12/2013			31/12/2012		31/12/2011
	Value at begining of period	3Z		0	0%	0	0%	0
	Increases	TS		0	0%	0	0%	0
	Decreases	TT		0	0%	0	0%	0
	Value at the end of period	TU		0	0%	0	0%	0

Total risk and charge provisions (Total II)

		31/12/2013		31/12/2012		31/12/2011
Value at begining of period	5Z	0	0%	644,498	-32.5%	954,835
Increases	TV	0	0%	0	0%	0
Decreases	TW	0	0%	0	0%	0
Value at the end of period	TX	0	0%	2,344,498	263.8%	644,498
otal Provision for depreciation (Total III)
		31/12/2013		31/12/2012		31/12/2011
Value at begining of period	7B	0	0%	818,353	7.4%	762,152
Increases	TY	0	0%	50,812	-9.6%	56,200
Decreases	TZ	0	0%	0	0%	0
Value at the end of period	UA	0	0%	869,165	6.2%	818,352

State deadlines claims and debts at the end of period

State claims

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	15,744,847	-17.3%	19,046,153	39.1%	13,693,137
1 year at most	VU	14,992,840	-16.8%	18,020,069	41.8%	12,706,914
More than one year	VV	752,007	-26.7%	1,026,084	4.0%	986,223
tate 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	51,899	-34.5%	79,285	-13.0%	91,086
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	115,638	-17.9%	140,876	-14.8%	165,294
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	584,470	-27.5%	805,922	10.4%	729,842
Other claims customer	UX	14,005,385	-17.8%	17,044,096	44.4%	11,802,107
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	2,294	-97.7%	101,196	1161.5%	8,022
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	22,920	0%	0	0%	0
Value added tax	VB	144,453	111.3%	68,373	-14.8%	80,219
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public -Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	796,508	0.6%	791,869	-1.0%	800,266
repaid
		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	21,282	46.4%	14,532	-10.8%	16,298

State Debt

		31/12/2013		31/12/2012		31/12/2011
Total debt (gross)	VY	13,002,538	-13.9%	15,099,300	14.2%	13,219,712
1 year at most	VZ2	13,002,538	-13.9%	15,099,300	14.2%	13,219,712
More than 1 year and 5 years at most	VZ3	0	0%	0	0%	0
More than 5 years	VZ4	0	0%	0	0%	0

Ratio

Structure and liquidity

	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Fixed Asset Financing	5.25	15.6%	4.54	7.6%	4.22	2.64	98.9%
Global Debt	93 days	9.4%	85 days	-10.5%	95 days	94.50 days	-1.6%
Working
Capital Fund	45 days	50.0%	30 days	-11.8%	34 days	68 days	-33.8%
overall net
Financial independence	3408.86%	33.2%	2559.94%	930.9%	248.31%	292.30%	1066.2%
Solvability	20.91%	13.5%	18.42%	-14.1%	21.45%	40.77%	-48.7%
Capacity debt futures	3408.86%	33.2%	2559.94%	930.8%	248.34%	1159.44%	194.0%
Coverage of
current
assets by net working	31.32%	27.2%	24.62%	-8.7%	26.97%	47.49%	-34.0%
capital
overall
General Liquidity	1.15	-3.4%	1.19	24.0%	0.96	0.92	25.0%
Restricted Liquidity	1.39	8.6%	1.28	20.8%	1.06	1.28	8.6%

Management or rotation

	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Need
background
in operating	21 days	-8.7%	23 days	-4.2%	24 days	37 days	-43.2%
working
capital
Treasury	22 days	214.3%	7 days	-30.0%	10 days	15 days	46.7%
Inventory
turnover of	8 days	14.3%	7 days	-68.2%	22 days	39 days	-79.5%
goods
Average
length of
credit	105 days	4.0%	101 days	12.2%	90 days	63 days	66.7%
granted to
customers
Average
length of
credit	91 days	8.3%	84 days	1.2%	83 days	53 days	71.7%
obtained
suppliers
Inventory
turnover of
raw materials in	0 days	0%	0 days	0%	0 days	0 days	0%
industrial
enterprises
Inventory
turnover of
intermediate
and finished products in	days	-	days	-	days	1042 days	-
the
industrial
enterprise
Rotation
tangible	11877.80%	-23.7%	15566.91%	16.7%	13335.94%	1426.89%	732.4%
assets

Profitability of the business

	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Margin trading	17.77%	-9.5%	19.64%	-1.0%	19.83	19.85%	-10.5%
Profitability
of the	3.53	-11.1%	3.97	30.6%	3.04	3.53%	0%
business
Net profit	0.50%	35.1%	0.37%	-19.6%	0.46%	1.96%	-74.5%
Growth
rate of
turnover	-21.34%	-179.4%	26.87%	89.5%	14.18%	0.34%	-6376.5%
(excluding
VAT)
Rates integration	10.70%	8.5%	9.86%	4.0%	9.48%	17.57%	-39.1%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	61.03%	11.4%	54.77%	-14.2%	63.87%	66.65%	-8.4%
Weight interests	1.88	-7.4%	2.03%	-41.5%	3.47%	0.19%	889.5%
eturn on capital
	31/12/2013		31/12/2012		31/12/2011	Sector Median 2013
Cash flow
from the overall	1.87%	-41.9%	3.22%	84.0%	1.75%	2.82%	-33.7%
profitability
Rates of
economic	41%	-33.9%	62%	113.8%	29%	13%	215.4%
profitability
Financial profitability	4188435%	6.3%	3938365%	3.9%	3790134%	319471%	1211.1%
Return on investment	27.63%	-26.2%	37.42%	0.7%	37.17%	8.80%	214.0%

Display parameter
Currency	Euro
Comparison mode	Median

Soldes Intermediaires de Gestion

	31/12/2013		31/12/2012	31/12/2011	Sector
					Median 2013
Turnover	50,087,489	-21.3%	63,675,527	26.9% 50,189,277	1,629,387 €	2974.0%
Sales of goods	50,078,415	-21.4%	63,675,527	26.9 %	50,186,663

Purchase	41,041,898	-17.4%	49,676,756	18.2%	42,029,392
of goods
+/-
Stock of	135,652	-90.9%	1,491,498	183.0%	-1,797,690
goods
variation
Trading	8,900,865 €	-28.8%	12,507,273 €	25.6%	9,954,961 €	293,705 €	2930.5%
margin
	17.77 % CA	-9.5%	19.64 % CA	-1.0%	19.83 % CA	20.02 % CA	-11.2%

Sale of
goods	9,074	0%	0	0%	2,614
produced
+/-Stocked
production	0	0%	0	0%	0
+ Self-
constructed	0	0%	0	0%	0
assets
Period
production	9,074 €	0%	0€	0%	2,614€	55,886 €	-83.8%
	0.02 % CA	0%	0.00 % CA	0%	0.01 % CA	2.60 % CA	-99.2%

Trading margin	8,900,865	-28.8%	12,507,273	25.6%	9,954,961	293,705	2930.5%
+ Period Production	9,074	0%	0	0%	2,614	55,886	-83.8%
- Purchase
of raw	26,577	110.7%	12,616	-63.6%	34,638
materials
+/- Change
in stocks of raw	0	0%	0	0%	0
materiels
- Other
external
purchases	3,523,724	-43.3%	6,217,511	20.4%	5,164,343
and
charges
Added value	5,359,638 €	-14.6%	6,277,146 €	31.9%	4,758,594 €	298,902 €	1693.1%
	10.70 % CA	8.5%	9.86 % CA	4.0%	9.48 % CA	17.57 % CA	-39.1%

Added value	5,359,638 €	-14.6%	6,277,146 €	31.9%	4,758,594 €	298,902 €	1693.1%
+ Operating	0	0%	0	0%	0
grants
- Tax,
duty and similar	321,377	2.5%	313,424	62.9%	192,363

payments
- Personal charges	3,270,983	-4.9%	3,437,754	13.1% 3,039,520
Gross operating surplus	1,767,278 €	-30.0%	2,525,968 €	65.5% 1,526,711 €	53,291 € 3216.3%
	3.53 % CA	-11.1%	3.97 % CA	30.6% 3.04 % CA	3.53 % CA 0%

Gross operating surplus	1,767,278		2,525,968		€ 1,526,711	53,291 €	3216.3%
+ Release of reserves and provisions	653,950	7674.9%	8,411	-42.1%	14,516
+ Other operating income	0	0%	01	0%	01
Depreciation/Amortisation	468,286	308.4%	114,662	10.2%	104,093
- Other charges	86,253	86.0%	46,382	195.6%	15,690
Operating result	1,866,689				€	39,054.50 €	4679.7%
			2, 7 , 6		1,421,445
	3.73 % CA	0%	3.73 % CA	3^61^7.8^0%	2.83 % CA	2.68 % CA	39.2%

Operating result	1,866,689 €	-21.3%	2,373,336 €	67.0%	1,421,445 €	39,054.50€	4679.7%
+/- Result
of joint-
venture
transferred	0	0%	0	0%	0
from/to
other
partners
+ Financial income	575,674	-43.5%	1,019,053	-20.8%	1,286,566
- Financial charges	941,079	-27.2%	1,292,994	-25.8%	1,743,112
Pre-tax result	1,501,284 €	-28.5%	2,099,395 €	117.6%	964,899 €	36,634 €	3998.1%
	3.00 % CA	-9.1%	3.30 % CA	71.9%	1.92 % CA	2.44 % CA	23.0%

Extraordinary income	175,000	4504.1%	3,801	-99.6%	849,991	461	37861.0%
Extraordinary	1,334,870	-22.1%	1,712,616	17.2%	1,461,127
charges
Extraordinary result	-1,159,870 €	32.1%	-1,708,815 €	-179.6%	-611,136 €	0€	0%
	-2.32 % CA	13.4%	-2.68 % CA	-119.7%	-1 % CA	0 % CA	0%

Pre-tax result	1,501,284 €	-28.5% 2,099,395 €	117.6% 964,899 €	36,634 €	3998.1%
Extraordinary result	-1,159,870 €	32.1% -1,708,815 €	-179.6% -611,136 €	0€	0%

- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	91,342	-40.0%	152,349	26.0%	120,912
Net result	250,072 €	5.0%	238,231 €	2.3%	232,851 €	29,148 €	757.9%
	0.50 % CA	35.1%	0.37 % CA	-19.6%	0.46 % CA	1.96 % CA	-74.5%

Judgements

Collective procedures

No judgment information for the company

Preferential rights details and history

Summary of preferential rights

Company monitored since	30/12/2009
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	ALM INTERNATIONAL
Direct parent	-
Group - Number of companies	6
Linkages - Number of companies	-
Number of countries	-

Group Structure

Company Name			Safe Number	SIREN	Parts	Rating	Limit	Last account
								published
|,.| ALM INTERNATIONAL		GJ	FR00821152	315734483	-	64	200 000	31/12/2013
	ALM AFRIQUE DE L'OUEST	.3	-	-	100%	-	-	-
	SENEFURA SAHEL	[3	-	-	100%	-	-	-
	AGROCHEM AC	r	-	-	100%	-	-	-
	AFRIQUE DISTRIBUTION CHIMIE		-	-	Majority	-	-	-
	ALM RDC		-	-	Majority	-	-	-

Event History

Status history

No Status History

Recent publications in Gazettes

Publication date Gazette Name Description

07/08/2014 Bodacc B Modification et mutation diverse

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

1096 - 315 734 483 RCS Paris. ALM INTERNATIONAL. Forme : Societe anonyme. Administration : modification du President Ayad, Sami, modification de l'Administrateur Chouaib, Raymond. Capital : 2025000 EUR. Activite : . Adresse du siege social : 3 bis quai Aux Fleurs, 75004 Paris. \Commentaires : modification survenue sur l'administration.

05/08/2014 Bodacc C Comptes annuels et rapports

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 3645 - 315734483 RCS. ALM INTERNATIONAL. Forme : Societe anonyme. Adresse : 3 bis quai Aux Fleurs 75004 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

27/06/2014 JAL Appointment of the social representative

Journal special des societes (Le)

Date de decision : 12/06/2014

Societe faisant lobjet dune nomination : 315734483 - ALM INTERNATIONAL, 3 B QUAI AUX FLEURS, 75004 PARIS 4 Nomine : Monsieur Sami AYAD, 21500 VILLAINES LES PREVOTES En la fonction de : President du Conseil d'Administration

Resignation / Revocation of the social
27/06/2014 JAL ⁵

representative

Journal special des societes (Le)

Date de decision : 12/06/2014

La societe 315734483 - ALM INTERNATIONAL, 3 B QUAI AUX FLEURS, 75004 PARIS 4 \Fait l'objet du depart de Monsieur Raymond CHOUAIB, De Monsieur Raymond CHOUAIB

26/08/2013 Bodacc C Comptes annuels et rapports

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

3785 - 315734483 RCS. ALM INTERNATIONAL. Forme : Societe anonyme. Adresse : 3 bis quai Aux Fleurs 75004 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.

28/10/2012 Bodacc B Modification et mutation diverse

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

1046 - 315 734 483 RCS Paris. ALM INTERNATIONAL. Forme : Societe anonyme. Administration : President du conseil d'administration et Directeur general partant : Ayad, Ali, modification du President du conseil d'administration Chouaib, Raymond, Co-commissaire aux comptes suppleant partant : HOCHE AUDIT, modification du Directeur general et Administrateur Ayad, Sami, nomination de l'Administrateur : Muller, nom d'usage : Ayad, Daniele, Commissaire aux comptes partant : CABINET FOUCAT & ASSOCIES. Capital: 2025000 EUR. Activite : . Adresse du siege social : 3 bis quai Aux Fleurs, 75004 Paris. Commentaires : modification survenue sur l'administration.

24/10/2012 Bodacc C Comptes annuels et rapports

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

9303 - 315734483 RCS. ALM INTERNATIONAL. Forme : Societe anonyme. Adresse : 3 bis quai Aux Fleurs 75004 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.

12/10/2012 Bodacc B Modification et mutation diverse

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

912 - 315 734 483 RCS Paris. ALM INTERNATIONAL. Forme : Societe anonyme. Administration : nomination du Directeur general delegue : Ayad, Sami. Capital : 2025000 EUR. Activite : . Adresse du siege social : 3 bis quai Aux Fleurs, 75004 Paris. Commentaires : modification survenue sur l'administration.

Resignation / Revocation of the social
03/10/2012 JAL ⁵

representative

Journal special des societes (Le)

Date de decision : 01/10/2012

La societe 315734483 - ALM INTERNATIONAL, 3 B QUAI AUX FLEURS, 75004 PARIS 4

Fait lobjet du depart de Monsieur Sami AYAD, 10 Rue du Patis, 21500, VILLAINES LES PREVOTES

03/10/2012 JAL Appointment of the social representative

Journal special des societes (Le)

Date de decision : 01/10/2012

Societe faisant lobjet dune nomination : 315734483 - ALM INTERNATIONAL, 3 B QUAI AUX FLEURS, 75004 PARIS 4 Nomine : Monsieur Raymond CHOUAIB, 75007 PARIS 07 En la fonction de : President du Conseil d'Administration Nomine : Monsieur Sami AYAD, 21500 VILLAINES LES PREVOTES En la fonction de : Administrateur

Nomine : Madame Daniele AYAD, 21500 VILLAINES LES PREVOTES En la fonction de : Administrateur

Nomine : Monsieur Sami AYAD, 21500 VILLAINES LES PREVOTES En la fonction de : Directeur general

14/09/2012 JAL Appointment of the social representative

Journal special des societes (Le)

Date de decision : 11/09/2012

Societe faisant lobjet dune nomination : 315734483 - ALM INTERNATIONAL, 3 B QUAI AUX FLEURS, 75004 PARIS 4 Nomine : Monsieur Sami AYAD, 21500 VILLAINES LES PREVOTES

30/12/2011 Bodacc B Modification et mutation diverse

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

970 - 315 734 483 RCS Paris. ALM INTERNATIONAL. Forme : Societe anonyme. Administration : nomination du Co-commissaire aux comptes suppleant : HOCHE AUDIT, nomination du Commissaire aux comptes : CABINET FOUCAT & ASSOCIES, Commissaire aux comptes titulaire partant : Eboli, Jacques, nomination du Commissaire aux comptes titulaire : CABINET FOUCAT ET ASSOCIES, Commissaire aux comptes suppleant partant : Cabinet FOUCAT & Associes, nomination du Commissaire aux comptes suppleant : HOCHE AUDIT. Capital: 2025000 EUR. Activite :

Adresse du siege social : 3 bis quai Aux Fleurs, 75004 Paris. Commentaires : modification survenue sur l'administration.

15/10/2011 Bodacc C Comptes annuels et rapports

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

2319 - 315734483 RCS. ALM INTERNATIONAL. Forme : Societe anonyme. Adresse : 3 bis quai Aux Fleurs 75004 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.

14/09/2010 Bodacc C Comptes annuels et rapports

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

5282 - 315734483 RCS. ALM INTERNATIONAL. Forme : Societe anonyme. Adresse : 3BIS QU AUX FLEURS 75004 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

10/09/2009 Bodacc C Comptes annuels et rapports

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

1924 - 315734483 RCS. ALM INTERNATIONAL. Forme : Societe anonyme. Adresse : 3 bis quai Aux Fleurs 75004 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

21/08/2008 Bodacc C Comptes annuels et rapports

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

5052 - 315734483 RCS. ALM INTERNATIONAL. Forme : Societe anonyme. Adresse : 3 bis quai Aux Fleurs 75004 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

04/12/2007 Bodacc C Avis de depot des comptes

1913 - 315 734 483. RCS PARIS ALM INTERNATIONAL. Forme: Societe anonyme. Adresse du siege social: 3BIS quai
Aux Fleurs 75004 Paris. Comptes annuels et rapports de l'exercice clos le: 31 decembre 2006.
05/10/2007 Bodacc B Modifications et mutations diverses

2657 - RCS Paris B 315 734 483. RC 79-B 3804. ALM INTERNATIONAL. Forme : S.A. Capital : 2 025 000 euros. Adresse du siege social : 3 bis quai aux Fleurs,, 75004 Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes suppleant partant : GALLET (Denis). Nomination d'un commissaire aux comptes suppleant : CABINET FOUCAT & ASSOCIES.

11/03/2007 Bodacc B Modifications et mutations diverses

1821 - RCS Paris B 315 734 483. RC 79-B 3804. ALM INTERNATIONAL. Forme : S.A. Capital : 2 025 000 euros. Adresse du siege social : 3bis quai aux Fleurs,, 75004 Commentaires : modification survenue sur le capital (augmentation).

13/09/2006 Bodacc C Avis de depot des comptes

249 - RCS Paris B 315 734 483. RC 79-B 3804. ALM INTERNATIONAL. Forme: S.A. Adresse du siege social: 3 bis, quai aux Fleurs,Paris, 75004 Paris. Comptes annuels et rapports de l'exercice clos le: 31 decembre 2005.

23/07/2006 Bodacc B Modifications et mutations diverses

1268 - RCS Paris B 315 734 483. RC 79-B 3804. ALM INTERNATIONAL. Forme : S.A. Capital : 1 440 000 euros. Adresse du siege social : 3 bis quai aux Fleurs,, 75004 Commentaires : modification survenue sur l'administration. Administration : modification du president du conseil d'administration et directeur general : AYAD (Ali).

24/12/2005 Bodacc C Avis de depot des comptes

224 - RCS Paris B 315 734 483. RC 79-B 3804. ALM INTERNATIONAL. Forme: S.A. Adresse du siege social: 3 bis, quai aux Fleurs,Paris, 75004 Paris. Comptes annuels et rapports de l'exercice clos le: 31 decembre 2004.

24/10/2003 Bodacc B Modifications et mutations diverses

RCS Paris B 315734483 RC 79-B 3804 ALM INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : administrateur partant : LEPHILIBERT ( Pierre).

24/10/2003 Bodacc B Modifications et mutations diverses

RCS Paris B 315734483 RC 79-B 3804 ALM INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification d'un administrateur : LEPHILIBERT (Pierre).

01/03/2002 Bodacc B Modifications et mutations diverses

RCS Paris B 315734483 RC 79-B 3804 A.L. M. INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : KANJO (Hosman).

03/02/2002 Bodacc B Modifications et mutations diverses

RCS Paris B 315734483 RC 79-B 3804 A.L. M. INTERNATIONAL. Forme : S.A. Commentaires : modification survenue

sur l'administration. Administration : nomination d'administrateurs : DAHER ( Ali) CHOUAIB (Raymond).
05/08/2001 Bodacc B Modifications et mutations diverses

RCS Paris B 315734483 RC 79-B 3804 A.L. M. INTERNATIONAL. Forme : S.A. Capital : 1 440 000 euros. Commentaires : modification survenue sur le capital ( augmentation).

14/09/2000 Bodacc B Modifications et mutations diverses

RCS Paris B 315734483 RC 79-B 3804 A.L. M. INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : MULLER (Roger). Nomination d'un administrateur :

KANJO ( Hosman).

23/07/1998 Bodacc B Modifications et mutations diverses

RCS *. RCS Paris B 315 734 483 RC RC 79- B 3804 A.L.M. INTERNATIONAL. Forme : S.A. Capital : 9 000 000 de F. Commentaires : modification survenue sur le capital ( augmentation).

20/09/1997 Bodacc B Modifications et mutations diverses

RCS Paris B 315 734 483 RC 79-B 3804 A. L.M. INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification du president du conseil d' administration : AYAD (Ali). Modification du directeur general et administrateur : LEPHILIBERT (Pierre). Commissaire aux comptes titulaire partant : ROUZEAU (Roger). Nomination du commissaire aux comptes titulaire : EBOLI (Jacques). Commissaire aux comptes suppleant partant : COMPAGNIE COMPTABLE D'EXPERTISE ET DE REVISION- COCER S.A.R.L. Nomination du commissaire aux comptes suppleant : GALLET (Denis).

Company events history

Date Description

07/08/2014 Bodacc B: Various editing or changing

05/08/2014 Bodacc C : Deposit accounts notice

25/07/2014 Update Rating

25/07/2014 Update Limit

23/07/2014 New chairman (CEO, CoB)

23/07/2014 Amendment

16/07/2014 Update Limit

16/07/2014 ^{Consideration of a balance sheet that has led to a reassessment of this}

company's creditworthiness

27/06/2014 Legal Gazette: Resignation / Revocation of the social representative

12/06/2014 Legal Gazette: Appointment of the social representative

07/03/2014 New subsidiarie(s) detected

07/03/2014 New parent detected

31/12/2013 New accounts available

14/10/2013 Update Rating

14/10/2013 Update Limit

26/08/2013 Bodacc C : Deposit accounts notice

23/07/2013 Update Limit

23/07/2013 Update Rating

23/07/2013 ^{Consideration of a balance sheet that has led to a reassessment of this}

company's creditworthiness

31/12/2012 New accounts available

06/11/2012 ^{Consideration of a balance sheet that has led to a reassessment of this}

company's creditworthiness

28/10/2012 Bodacc B: Various editing or changing

24/10/2012 Bodacc C : Deposit accounts notice

12/10/2012 Bodacc B: Various editing or changing

12/10/2012 New chairman (CEO, CoB)

12/10/2012 Amendment

12/10/2012 Minutes of Board meeting

12/10/2012 Changes to the Board of Directors

12/10/2012 Minutes of general meeting of shareholders

03/10/2012 Legal Gazette: Resignation / Revocation of the social representative

01/10/2012 Legal Gazette: Appointment of the social representative

27/09/2012 Amendment

27/09/2012 Changes to the Board of Directors

11/09/2012 Legal Gazette: Appointment of the social representative

31/12/2011 New accounts available

30/12/2011 Bodacc B: Various editing or changing

15/12/2011 New auditor

15/12/2011 Amendment

15/10/2011 Bodacc C : Deposit accounts notice

11/08/2011 ^{Consideration of a balance sheet that has led to a reassessment of this}

company's creditworthiness

31/12/2010 New accounts available

14/09/2010 Bodacc C : Deposit accounts notice

01/01/2010 Formation of Establishment

31/12/2009 New accounts available

30/12/2009 Collection of preferential rights activated for this company

10/09/2009 Bodacc C : Deposit accounts notice

31/12/2008 New accounts available

21/08/2008 Bodacc C : Deposit accounts notice

31/12/2007 New accounts available

28/08/2007 Changement de Commissaire aux Comptes

28/08/2007 Acte modificatif

28/08/2007 Minutes of general meeting of shareholders

28/08/2007 PV d'Assemblée

28/08/2007 Appointment/resignation of company officers

28/08/2007 Private document

28/08/2007 New auditor

12/02/2007 Private document

12/02/2007 Statuts mis à jour

12/02/2007 Updated articles of association

12/02/2007 Augmentation de Capital

12/02/2007 Capital increase

12/02/2007 Minutes of general meeting of shareholders

12/02/2007 PV d'Assemblée

31/12/2006 New accounts available

12/04/2006 Updated articles of association

12/04/2006 Statuts mis à jour

12/04/2006 PV du Conseil d'Administration

12/04/2006 Minutes of general meeting of shareholders

12/04/2006 PV d'Assemblée

12/04/2006 Acte modificatif

12/04/2006 Private document

12/04/2006 Modification du Conseil d'Administration

31/12/2005 New accounts available

31/12/2004 New accounts available

31/12/2003 New accounts available

14/10/2003 Nomination/démission des organes de gestion

14/10/2003 PV du Conseil d'Administration

14/10/2003 PV d'Assemblée

14/10/2003 Modification du Conseil d'Administration

14/10/2003 Acte sous seing privé

14/10/2003 Acte modificatif

18/02/2002 Acte modificatif

18/02/2002 PV du Conseil d'Administration

18/02/2002 Acte sous seing privé

18/02/2002 Modification du Conseil d'Administration

18/02/2002 Nomination/démission des organes de gestion

22/01/2002 Nomination/démission des organes de gestion

22/01/2002 PV d'Assemblée

22/01/2002 Acte sous seing privé

22/01/2002 Modification du Conseil d'Administration

20/07/2001 Acte sous seing privé

20/07/2001 Augmentation de Capital

20/07/2001 PV d'Assemblée

20/07/2001 Statuts mis à jour

20/07/2001 Conversion du Capital Social en Euros

31/08/2000 Modification du Conseil d'Administration

31/08/2000 PV d'Assemblée

31/08/2000 Nomination/démission des organes de gestion

31/08/2000 Acte sous seing privé

07/07/1998 Statuts mis à jour

07/07/1998 PV d'Assemblée

07/07/1998 Acte sous seing privé

07/07/1998 Augmentation de Capital

02/09/1997 Changement de Commissaire aux Comptes

02/09/1997 Acte sous seing privé

02/09/1997 PV d'Assemblée

02/09/1997 Nomination/démission des organes de gestion

12/04/1994 Augmentation de Capital

12/04/1994 Déclaration de conformité

12/04/1994 Statuts mis à jour

12/04/1994 Acte modificatif

12/04/1994 PV du Conseil d'Administration

12/04/1994 PV d'Assemblée

Directors

Name	M. AYAD SAMI
Manager position	President	Date of birth	15/12/1973
Place of birth	DAKAR(SENEGAL)
Type	Individual	Name at birth

Name	M. DAHER ALI
Manager position	Administrator	Date of birth	02/05/1941
Place of birth	DAKAR(SENEGAL)
Type	Individual	Name at birth

Name	M. CHOUAIB RAYMOND
Manager position	Administrator	Date of birth	24/01/1936
Place of birth	DAKAR(SENEGAL)
Type	Individual	Name at birth
Name	Mme. AYAD DANIELE
Manager position	Administrator	Date of birth	10/07/1946
Place of birth	CHAMPIGNY-SUR-MARNE (94500)
Type	Individual	Name at birth	MULLER
Previous Directors
Manager position	Title and name		Date of Birth/Place of Birth
Chairman of the Board	M ALI AYAD		10/15/1939 - DAKAR SENEGAL
Chairman of the Board	M ALI AYAD		10/15/1939 - DAKAR(SENEGAL)
Chairman of the Board	M ALI AYAD		10/15/1939 - DAKAR(SENEGAL)
Chairman of the Board	M RAYMOND CHOUAIB		1/24/1936 - DAKAR(SENEGAL)
Managing director	M ALI AYAD		10/15/1939 - DAKAR SENEGAL
Managing director	M ALI AYAD		10/15/1939 - DAKAR(SENEGAL)
Managing director	M ALI AYAD		10/15/1939 - DAKAR(SENEGAL)
Managing director	M SAMI AYAD		12/15/1973 - DAKAR(SENEGAL)
Delegated managing director	M SAMI AYAD		12/15/1973 - DAKAR(SENEGAL)
Administrator	M SAMI AYAD		12/15/1973 - DAKAR(SENEGAL)
Administrator	M RAYMOND CHOUAIB		1/24/1936 - DAKAR(SENEGAL)
Administrator	M RAYMOND CHOUAIB		1/24/1936 - SENEGAL
Administrator	M ALI DAHER		5/2/1941 - SENEGAL
Administrator	M ALI DAHER		5/2/1941 - DAKAR(SENEGAL)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.95
UK Pound	1	Rs.97.16
Euro	1	Rs.76.75

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.