MIRA INFORM REPORT

Report Date :

15.12.2014

IDENTIFICATION DETAILS

Name :	ANTIK BATIK
Registered Office :	8 Rue Du Foin, 75003 Paris 3
Country :	France
Financials (as on) :	31.07.2013
Date of Incorporation :	September, 1990
Com. Reg. No.:	9 377 949 458
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesale (business to business) other household goods.
No. of Employees :	20 to 49 Employees

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 :	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 Name

ANTIK BATIK

company summary

Activity (APE)	Wholesale (business to business) other household goods (4649Z)	EUR VAT Number	FR60377949458
Phone	01 44 07 27 03	Legal form	Simplified joint stock company
Fax	--	RCS Registration	RCS Paris 9 377 949 458
Address	ANTIK BATIK, 8 RUE DU FOIN, 75003 PARIS 3	Share capital	69,945 Euros
Nationality	France	Incorporated Date	09/1990
		Status	Economically active

Payment Information Summary - Trade Payment Data
Total number of Invoices available	40
Total number of Invoices paid within or up to 30 days after the due date	0
Total number of Invoices paid more than 30 days after the due date	1
Total number of Invoices currently outstanding where the due date has not yet been reached	39
Total number of Invoices currently outstanding beyond the due date	0

Last published preferential right	11/13/2014
This company is under monitoring with at least one active preferential right

Ultimate Holding Company
Company Name	Company number
G.R.C.	492180377

Current Directors

1

Trading to Date	07/31/2013	07/31/2012	07/31/2011
Turnover	6,910,545 €	8,731,433 €	10,972,231 €
Gross Operating Surplus	4.11 % Turnover	2.87 % Turnover	0.75 % Turnover
Shareholders’ equity	7,993,253 €	7,959,315 €	5,508,996 €
Net result	33,939 €	82,747 €	-5,497 €
Employees	20 to 49 employees	-	-

Company Details

Activity (APE)	Wholesale (business to business) other household goods (4649Z)
RCS Registration	RCS Paris 9 377 949 458	Share capital	69,945 Euros
Registration Court	Paris (75)	Legal form	Simplified joint stock company
Court Registry Number	19 9 0B13216	EUR VAT Number	FR60377949458
Incorporation Date	09/1990	Formation Date	01/1990
Deregistration Date		Last account Date	31/07/2013
Nationality	France

Ultimate Parent

1 ultimate parent company for this company >  G R C  - Fonds de placement et entités financières similaires (6430Z)  in PARIS 3  (75003)

Establishment details

Activity (APE)	Wholesale (business to business) other household goods (4649Z)	Business Pages FT®	VETEMENTS POUR HOMMES ET DAMES (DETAIL)
Postal Address	ANTIK BATIK 8 RUE DU FOIN 75003 PARIS 3	Trading Address	8 RUE DU FOIN 75003 PARIS 3
Telephone	01 44 07 27 03
Fax

Type	Head office	Status	Economically active
Formation Date	01/2001	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Store
Location surface	Less than 300 m²	Seasonality

Department	Paris (75)	Region	Ile-de-France
District	1	Area	99
City	PARIS 3	Size of urban area	Paris conglomeration

Other Establishment

Branches

1 branch entities in this company

Head office

> ANTIK BATIK <<<  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in PARIS 3  (75003)

Secondary establishments

>  ANTIK BATIK  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in PARIS 6  (75006) >  ANTIK BATIK  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in SERRIS  (77700) >  ANTIK BATIK  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in PARIS 3  (75003) >  ANTIK BATIK  - Commerce de gros (commerce interentreprises) d'autres biens domestiques (4649Z)  in PARIS 4  (75004) > ...

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

Workforce unknown

Company workforce

20 to 49 employees

accounts

Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/07/2013		31/07/2012		31/07/2011
	Grand Total (I to VI)	Net	11,240,809	-7.3%	12,125,703	18.9%	10,202,402
	Gross	CO	12,398,403	-11.1%	13,949,244	17.6%	11,857,527
	Amortisation	1A	1,157,594	-36.5%	1,823,541	10.2%	1,655,125

Non declared distributed capital (I)

		31/07/2013		31/07/2012		31/07/2011
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/07/2013		31/07/2012		31/07/2011
	Total Active fixed asset (II)	Net	2,607,018	-27.5%	3,593,678	-2.0%	3,666,412
	Gross	BJ	2,886,641	-37.2%	4,594,040	2.0%	4,503,212
	Amortisation	BK	279,623	-72.0%	1,000,362	19.5%	836,800

Intangilble fixed assets

			31/07/2013		31/07/2012		31/07/2011
	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	2,000,000	0%	2,000,000	0%	2,000,000
	Gross	AF	2,000,000	0%	2,000,000	0%	2,000,000
	Amortisation	AG	0	0%	0	0%	0
	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%	43,752	0%	43,752
	Gross	AJ	43,752	0%	43,752	0%	43,752
	Amortisation	AK	43,752	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	2,000,000	-2.1%	2,043,752	0%	2,043,752

Tangilble fixed assets

			31/07/2013		31/07/2012		31/07/2011
	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%	3,076	0%	3,076
	Gross	AR	0	0%	3,076	0%	3,076
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	4,253	-99.5%	813,274	-16.1%	969,184
	Gross	AT	240,124	-86.8%	1,813,636	0.4%	1,805,984
	Amortisation	AU	235,872	-76.4%	1,000,362	19.5%	836,800
	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	4,253		816,350		972,260

Financial assets

			31/07/2013		31/07/2012		31/07/2011
	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	502,900	0%	502,900	0%	502,900
	Gross	BD	502,900	0%	502,900	0%	502,900
	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	99,865	-56.7%	230,676	56.4%	147,500
	Gross	BH	99,865	-56.7%	230,676	56.4%	147,500
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		602,765		733,576		650,400

Current Assets (III)

			31/07/2013		31/07/2012		31/07/2011
	Total Assets	Net	8,633,791	1.2%	8,532,025	30.5%	6,535,992
	Gross	CJ	9,511,762	1.7%	9,355,204	27.2%	7,354,317
	Amortisation	CK	877,971	6.7%	823,179	0.6%	818,325

Stocks

			31/07/2013		31/07/2012		31/07/2011
	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	2,043,985	28.2%	1,594,826	-17.9%	1,941,619
	Gross	BT	2,162,494	28.7%	1,680,295	-20.4%	2,110,654
	Amortisation	BU	118,509	38.7%	85,469	-49.4%	169,035
	Sub Total Stocks	Net	2,043,985	28.2%	1,594,826	-17.9%	1,941,619

Advance payments to suppliers

			31/07/2013		31/07/2012		31/07/2011
	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

			31/07/2013		31/07/2012		31/07/2011
	Trade accounts receivable	Net	2,585,380	-12.0%	2,937,058	41.6%	2,074,016
	Gross	BX	3,344,842	-9.0%	3,674,768	34.9%	2,723,306
	Amortisation	BY	759,462	2.9%	737,710	13.6%	649,290
	Other debtors	Net	2,839,852	60.3%	1,771,856	2.9%	1,721,137
	Gross	BZ	2,839,852	60.3%	1,771,856	2.9%	1,721,137
	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	5,425,232	15.2%	4,708,914	24.1%	3,795,153

Divers

			31/07/2013		31/07/2012		31/07/2011
	Investment securities	Net	396,456	311.0%	96,456	0%	96,456
	Gross	CD	396,456	311.0%	96,456	0%	96,456
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	408,041	-78.4%	1,892,866	243.1%	551,722
	Gross	CF	408,041	-78.4%	1,892,866	243.1%	551,722
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	804,497	-59.6%	1,989,322	206.9%	648,178

Prepaid expenses

			31/07/2013		31/07/2012		31/07/2011
	Prepaid expenses	Net	360,077	50.7%	238,963	58.2%	151,042
	Gross	CH	360,077	50.7%	238,963	58.2%	151,042
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/07/2013		31/07/2012		31/07/2011
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

		31/07/2013		31/07/2012		31/07/2011
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	1,149,055

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/07/2013		31/07/2012		31/07/2011
Grand Total (I to V)	EE	11,240,809	-7.3%	12,125,703	18.9%	10,202,402

Shareholder Equity (I)

			31/07/2013		31/07/2012		31/07/2011
	Total shareholders' equity (Total I)	DL	7,993,253	0.4%	7,959,315	44.5%	5,508,996
	Equity and shareholders' equity	DA	69,945	0%	69,945	39.9%	50,000
	Issue and merger premiums	DB	2,350,126	0%	2,350,126	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	6,994	39.9%	5,001	0%	5,001
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	5,532,249	1.5%	5,451,496	-0.1%	5,459,492
	Profit or loss for the period	DI	33,939	-59.0%	82,747	1605.3%	-5,497
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/07/2013		31/07/2012		31/07/2011
	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)

			31/07/2013		31/07/2012		31/07/2011
	Total provisions for risks and charges (Total III)	DR	79,239	0%	79,239	0.3%	78,970
	Risk provisions	DP	79,239	0%	79,239	0.3%	78,970
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/07/2013		31/07/2012		31/07/2011
	Total Liabilities (Total IV)	EC	3,168,316	-22.5%	4,087,149	-11.4%	4,614,436
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	260	-100.0%	559,453	-40.2%	935,852
	Sundry loans and financial liabilities	DV	390,791	0%	0	0%	0
	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	1,543,066	-12.7%	1,767,005	-30.2%	2,530,390
	Tax and social security liabilities	DY	591,278	8.1%	547,101	66.9%	327,801
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	642,922	-47.0%	1,213,590	53.3%	791,693

Translation loss (V)

		31/07/2013		31/07/2012		31/07/2011
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/07/2013		31/07/2012		31/07/2011
Deferred income	EB	0	0%	0	0%	28,700

References

		31/07/2013		31/07/2012		31/07/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	1,463,866	-68.6%	4,666,724	17.0%	3,988,271
Of which current bank facilities	EH	260	687.9%	33	-100.0%	66,746

Display parameter
Currency	Euro	Kilo Euro

Result account
Sales of Goods | Operating charges | Operating charges | Financial income | Financial charges | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result (I-II)

		31/07/2013		31/07/2012		31/07/2011
Operating result (Total I-II)	GG	98,182	-35.0%	150,995	197.1%	-155,574

2 - Financial result (V - VI)

		31/07/2013		31/07/2012		31/07/2011
Financial result (Total V-VI)	GV	-51,586	-8.8%	-47,425	53.9%	-102,973

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

		31/07/2013		31/07/2012		31/07/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	46,596	-55.0%	103,570	140.1%	-258,547

4 - Extraordinary result (VII-VIII)

		31/07/2013		31/07/2012		31/07/2011
Extraordinary result (Total VII-VIII)	HI	-12,657	39.2%	-20,823	-139.3%	53,051

Profit or loss

		31/07/2013		31/07/2012		31/07/2011
Profit or loss	HN	33,939	-59.0%	82,747	1605.3%	-5,497

Total Income (I+III+V+VII)

		31/07/2013		31/07/2012		31/07/2011
Total Income (I+III+V+VII)	HL	7,987,741	-13.2%	9,206,714	-20.3%	11,549,616

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

		31/07/2013		31/07/2012		31/07/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	7,953,802	-12.8%	9,123,967	-21.0%	11,555,112

Operating income (I)

		31/07/2013		31/07/2012		31/07/2011
Total operating income (Total I)	FR	7,080,901	-22.7%	9,155,813	-19.3%	11,344,631

Operating income (details)

			31/07/2013		31/07/2012		31/07/2011
	Sale of goods for resale	FC	6,909,544	-33.0%	10,319,531	-4.9%	10,853,075
	France	FA	4,965,036	-41.3%	8,456,308	103.3%	4,160,171
	Export	FB	1,944,508	4.4%	1,863,223	-72.2%	6,692,904
	Sale of goods produced	FF	0	0%	-1,596,052	0%	0
	France	FD	0	0%	-1,596,052	0%	0
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	1,001	-87.4%	7,954	-93.3%	119,156
	France	FG	1,001	-87.4%	7,954	-93.3%	119,156
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	6,910,545	-20.9%	8,731,433	-20.4%	10,972,231
	France	FJ	4,966,037	-27.7%	6,868,210	60.5%	4,279,327
	Export	FK	1,944,508	4.4%	1,863,223	-72.2%	6,692,904
	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	141,485	-46.9%	266,676	-23.2%	347,229
	Other income	FQ	28,871	-81.7%	157,704	526.5%	25,171

Operating charges (II)

		31/07/2013		31/07/2012		31/07/2011
Total operating charges (Total II)	GF	6,982,719	-22.5%	9,004,818	-21.7%	11,500,205

Exploitation charges

		31/07/2013		31/07/2012		31/07/2011
Purchase of goods for resale	FS	457,156	48.7%	307,448	-69.6%	1,011,330
Change in stocks of goods for resale	FT	-482,199	-212.0%	430,359	19.9%	358,843
Purchase of raw materials	FU	1,052,226	-16.5%	1,259,404	42.1%	886,471
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	4,485,276	-8.7%	4,910,325	-24.0%	6,460,920
Tax, duty and similar payments	FX	63,361	674.0%	8,186	-89.2%	75,816
Payroll	FY	827,684	-16.8%	994,350	-31.9%	1,460,182
Social security costs	FZ	222,974	-60.9%	570,583	-10.4%	636,649

Depreciation

		31/07/2013		31/07/2012		31/07/2011
Depreciation of fixed assets	GA	126,892	-22.4%	163,562	-13.1%	188,136
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	196,277	-27.7%	271,530	-2.7%	279,058
Provisions for risks and charges	GD	0	0%	269	0%	0

Other charges

		31/07/2013		31/07/2012		31/07/2011
Other charges	GE	33,072	-62.8%	88,802	-37.8%	142,800

Operating charges (III-IV)

		31/07/2013		31/07/2012		31/07/2011
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/07/2013		31/07/2012		31/07/2011
	Total financial income (Total V)	GP	45,522	-9.2%	50,154	-32.0%	73,724
	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	238	0%	0	0%	0
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	45,284	-9.7%	50,154	-32.0%	73,724
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/07/2013		31/07/2012		31/07/2011
	Total financial charge (Total VI)	GU	97,107	-0.5%	97,579	-44.8%	176,697
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	76,621	76.8%	43,341	-53.1%	92,425
	Exchange losses	GS	20,487	-62.2%	54,238	-35.6%	84,272
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/07/2013		31/07/2012		31/07/2011
	Total extraordinary income (Total VII)	HD	861,319	115203.7%	747	-99.4%	131,261
	Extraordinary operating income	HA	0	0%	0	0%	7,956
	Extraordinary income from capital transactions	HB	861,319	115203.7%	747	-99.4%	123,305
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/07/2013		31/07/2012		31/07/2011
	Total extraordinary charges (Total VIII)	HH	873,976	3951.8%	21,570	-72.4%	78,210
	Extraordinary operating charges	HE	330	-30.7%	476	-27.5%	657
	Extraordinary charges from capital transactions	HF	873,646	4041.7%	21,094	-72.8%	77,553
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/07/2013		31/07/2012		31/07/2011
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/07/2013		31/07/2012		31/07/2011
Tax on profits (Total X)	HK	0	0%	0	0%	-200,000

References

		31/07/2013		31/07/2012		31/07/2011
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	9,230	0%	0	0%	4,092
Of which royalties on licences and patents (charges)	A4	3,769	0%	0	0%	-933

Display parameter
Currency	Euro	Kilo Euro

Other incomes tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period
Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/07/2013		31/07/2012		31/07/2011
	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	1,707,399	31320.7%	5,434	-97.9%	254,869
	Gross value at the end of period	OL	2,886,641	-37.2%	4,594,040	2.0%	4,503,211

Research and development Charge (Total I)

			31/07/2013		31/07/2012		31/07/2011
	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)

			31/07/2013		31/07/2012		31/07/2011
	Gross value at begin of period	KD	2,043,752	0%	2,043,752	0%	2,043,752
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	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	2,043,752	0%	2,043,752	0%	2,043,752

Tangible fixed assets (Total III)

			31/07/2013		31/07/2012		31/07/2011
	Gross value at begin of period	LN	1,816,712	0.4%	1,809,060	0.4%	1,801,446
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	13,086	71.8%	7,615
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	1,576,588	28913.4%	5,434	0%	0
	Gross value at the end of period	NH	240,124	-86.8%	1,816,712	0.4%	1,809,060

Fiancial assets (Total IV)

			31/07/2013		31/07/2012		31/07/2011
	Gross value at begin of period	LQ	733,576	12.8%	650,400	11.7%	582,485
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	83,176	-74.2%	322,784
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	130,811	0%	0	0%	254,869
	Gross value at the end of period	NK	602,765	-17.8%	733,576	12.8%	650,400

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

			31/07/2013		31/07/2012		31/07/2011
	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)

			31/07/2013		31/07/2012		31/07/2011
	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)

			31/07/2013		31/07/2012		31/07/2011
	Reserve for depreciation value at begin of period	PE	43,752	0%	0	0%	0
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	43,752	0%	0	0%	0

Total fixed assets amotisation (Total III)

			31/07/2013		31/07/2012		31/07/2011
	Reserve for depreciation value at begin of period	QU	969,610	15.9%	836,800	29.0%	648,663
Increases		QV	126,892	-22.4%	163,562	-13.1%	188,136
Decreases		QW	860,630	0%	0	0%	0
	Decreasess by budget item transfer	QX	235,872	-76.4%	1,000,362	19.5%	836,799

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/07/2013		31/07/2012		31/07/2011
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/07/2013		31/07/2012		31/07/2011
	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)

			31/07/2013		31/07/2012		31/07/2011
	Value at begining of period	7C	902,418	0.6%	897,295	-7.1%	965,466
Increases		UB	196,277	-27.8%	271,799	-2.6%	279,058
Decreases		UC	141,485	-46.9%	266,676	-23.2%	347,229
	Value at the end of period	UD	957,210	6.1%	902,418	0.6%	897,295

Includes Total allocations

Operating	UE	196,277	-27.8%	271,799	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	141,485	-46.9%	266,676	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/07/2013		31/07/2012		31/07/2011
	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)

			31/07/2013		31/07/2012		31/07/2011
	Value at begining of period	5Z	79,239	0.3%	78,970	-46.7%	148,270
Increases		TV	0	0%	269	0%	0
Decreases		TW	0	0%	0	0%	69,300
	Value at the end of period	TX	79,239	0%	79,239	0.3%	78,970

Total Provision for depreciation (Total III)

			31/07/2013		31/07/2012		31/07/2011
	Value at begining of period	7B	823,179	0.6%	818,325	0.1%	817,196
Increases		TY	196,277	-27.7%	271,530	-2.7%	279,058
Decreases		TZ	141,485	-46.9%	266,676	-4.0%	277,929
	Value at the end of period	UA	877,971	6.7%	823,179	0.6%	818,325

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

		31/07/2013		31/07/2012		31/07/2011
Gross value	VT	6,644,636	12.3%	5,916,263	0%	0
1 year at most	VU	6,544,770	15.1%	5,685,587	0%	0
More than one year	VV	99,865	-56.7%	230,676	0%	0

State of loans

		31/07/2013		31/07/2012		31/07/2011
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	99,865	-56.7%	230,676	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/07/2013		31/07/2012		31/07/2011
Customers doubtful or disputed	VA	1,183,355	-3.9%	1,231,623	0%	0
Other claims customer	UX	2,161,486	-11.5%	2,443,145	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	349,239	3.3%	337,994	0%	0
Value added tax	VB	62,373	35.9%	45,889	0%	0
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	1,336,163	137.5%	562,699	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	1,092,077	32.3%	825,274	0%	0

Prepaid

		31/07/2013		31/07/2012		31/07/2011
Prepaid	VS	360,077	50.7%	238,963	0%	0

State Debt

			31/07/2013		31/07/2012		31/07/2011
	Total debt (gross)	VY	3,168,317	-22.5%	4,087,150	0%	0
1 year at most		VZ2	3,168,317	-14.8%	3,719,336	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	367,814	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/07/2013		31/07/2012		31/07/2011
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	260	687.9%	33	0%	0
1 year at most		VG2	260	687.9%	33	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	559,420	0%	0
1 year at most		VH2	0	0%	191,606	0%	0
More than 1 year and 5 years at most		VH3	0	0%	367,814	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	1,543,066	-12.7%	1,767,005	0%	0
1 year at most		8B2	1,543,066	-12.7%	1,767,005	0%	0
More than 1 year and 5 years at most		8B3	1,543,066	-12.7%	1,767,005	0%	0
	Personnel and associated accounts (gross)	8C1	59,996	-29.5%	85,108	0%	0
1 year at most		8C2	59,996	-29.5%	85,108	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	45,659	-57.6%	107,616	0%	0
1 year at most		8D2	45,659	-57.6%	107,616	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	457,682	40.0%	326,882	0%	0
1 year at most		VW2	457,682	40.0%	326,882	0%	0
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	27,941	1.6%	27,496	0%	0
1 year at most		VQ2	27,941	1.6%	27,496	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	390,791	0%	0	0%	0
1 year at most		VI2	390,791	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	642,922	-47.0%	1,213,590	0%	0
1 year at most		8K2	642,922	-47.0%	1,213,590	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/07/2013		31/07/2012		31/07/2011
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	559,420	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/07/2013		31/07/2012		31/07/2011
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/07/2013		31/07/2012		31/07/2011
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

		31/07/2013		31/07/2012		31/07/2011
Subcontracting	YT	2,197,942	-16.2%	2,623,684	4.3%	2,516,411
Rentals, rental charges and condominiums	XQ	238,677	-17.3%	288,609	-5.3%	304,806
Staff outside the company	YU	327,512	23.2%	265,913	-7.3%	286,983
Remuneration intermediaries and fees (excluding fees)	SS	704,646	1.3%	695,551	-11.5%	785,531
Fees, commissions and brokerage	YV	0	0%	0	0%	603,717
Other accounts	ST	1,016,500	-1.9%	1,036,568	-47.2%	1,963,471
Total Other purchases and external	ZJ	4,485,276	54692.0%	4,910,325	-24.0%	6,460,919

Taxes and Fees

		31/07/2013		31/07/2012		31/07/2011
Business tax	YW	21,899	67.4%	13,084	-52.9%	27,769
Other taxes and payments assimilated	9Z	41,462	946.5%	-4,898	-110.2%	48,046
Total taxes and fees	YX	63,361	674.0%	8,186	-89.2%	75,815

VAT

		31/07/2013		31/07/2012		31/07/2011
Amount VAT collected	YY	556,835	-16.5%	667,125	-11.0%	749,800
Total VAT on goods and services	YZ	323,689	-8.3%	353,028	-21.2%	447,904

Average number of employees

		31/07/2013		31/07/2012		31/07/2011
Average number of employees	YP	23	-30.3%	33	-17.5%	40

Groups and Shareholders

		31/07/2013		31/07/2012		31/07/2011
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/07/2013		31/07/2012		31/07/2011	Sector Median 2013
Fixed Asset Financing		3.03	45.0%	2.09	29.0%	1.62	2.66	13.9%
Global Debt		165 days	-2.4%	169 days	11.9%	151 days	121 days	36.4%
Working Capital Fund overall net		305 days	48.1%	206 days	123.9%	92 days	79 days	286.1%
Financial independence		2044.04%	43.7%	1422.70%	141.7%	588.66%	183.48%	1014.0%
Solvability		71.11%	8.3%	65.64%	21.6%	54%	37.40%	90.1%
Capacity debt futures		3074328.08%	73921.5%	4153.29%	-	%	1131.79%	271534.1%
Coverage of current assets by net working capital overall		61.33%	12.9%	54.32%	42.1%	38.23%	46.46%	32.0%
General Liquidity		2.07	35.3%	1.53	-		0.59	250.8%
Restricted Liquidity		2.32	12.6%	2.06	-		1	132.0%

Management or rotation

		31/07/2013		31/07/2012		31/07/2011	Sector Median 2013
Need background in operating working capital		244 days	114.0%	114 days	67.6%	68 days	32 days	662.5%
Treasury		42 days	-48.8%	82 days	331.6%	19 days	13 days	223.1%
Inventory turnover of goods		-31086 days	-3891.0%	820 days	47.7%	555 days	97.50 days	-31983.1%
Average length of credit granted to customers		161 days	14.2%	141 days	67.9%	84 days	41 days	292.7%
Average length of credit obtained suppliers		95 days	8.0%	88 days	-11.1%	99 days	52 days	82.7%
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	481 days	-	days	1071 days	-
Rotation tangible assets		2877.91%	498.8%	480.62%	-20.8%	606.52%	1300.12%	121.4%

Profitability of the business

		31/07/2013		31/07/2012		31/07/2011	Sector Median 2013
Margin trading		100.35%	-8.6%	109.74%	27.0%	86.43	32.42%	209.5%
Profitability of the business		4.11	43.2%	2.87	282.7%	0.75	2.89%	42.2%
Net profit		0.49%	-48.4%	0.95%	2000%	-0.05%	1.57%	-68.8%
Growth rate of turnover (excluding VAT)		-20.85%	-2.1%	-20.42%	-23.2%	-16.58%	-1.15%	-1713.0%
Rates integration		20.23%	-3.2%	20.89%	1.7%	20.55%	20.83%	-2.9%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		75.15%	-12.4%	85.80%	-7.7%	93%	71.06%	5.8%
Weight interests		1.41	25.9%	1.12%	-30.4%	1.61%	0.20%	605.0%

Return on capital

		31/07/2013		31/07/2012		31/07/2011	Sector Median 2013
Cash flow from the overall profitability		0.46%	0%	0%	0%	1.25%	2.51%	-81.7%
Rates of economic profitability		3%	0%	3%	200%	1%	10%	-70.0%
Financial profitability		7993253%	0.4%	7959315%	44.5%	5508996%	60779.50%	13051.2%
Return on investment		1.56%	-26.4%	2.12%	-20.3%	2.66%	7.22%	-78.4%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/07/2013		31/07/2012		31/07/2011	Sector Median 2013
Turnover	6,910,545	-20.9%	8,731,433	-20.4%	10,972,231	390,000 €	1671.9%

Sales of goods	6,909,544	-33.0%	10,319,531	-4.9%	10,853,075
- Purchase of goods	457,156	48.7%	307,448	-69.6%	1,011,330
+/- Stock of goods variation	-482,199	-212.0%	430,359	19.9%	358,843
Trading margin	6,934,587 €	-27.6%	9,581,724 €	1.0%	9,482,902 €	106,378 €	6418.8%
	100.35 % CA	-8.6%	109.74 % CA	27.0%	86.43 % CA	33.20 % CA	202.3%

Sale of goods produced	1,001	100.1%	-1,588,098	-1432.8%	119,156
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	1,001 €	100.1%	-1,588,098 €	-1432.8%	119,156 €	9,485 €	-89.4%
	0.01 % CA	100.1%	-18.19 % CA	-1768.8%	1.09 % CA	2.53 % CA	-99.6%

Trading margin	6,934,587	-27.6%	9,581,724	1.0%	9,482,902	106,378	6418.8%
+ Period Production	1,001	100.1%	-1,588,098	-1432.8%	119,156	9,485	-89.4%
- Purchase of raw materials	1,052,226	-16.5%	1,259,404	42.1%	886,471
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	4,485,276	-8.7%	4,910,325	-24.0%	6,460,920
Added value	1,398,086 €	-23.3%	1,823,897 €	-19.1%	2,254,667 €	90,462 €	1445.5%
	20.23 % CA	-3.2%	20.89 % CA	1.7%	20.55 % CA	20.83 % CA	-2.9%

Added value	1,398,086 €	-23.3%	1,823,897 €	-19.1%	2,254,667 €	90,462 €	1445.5%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	63,361	674.0%	8,186	-89.2%	75,816
- Personal charges	1,050,658	-32.9%	1,564,933	-25.4%	2,096,831
Gross operating surplus	284,067 €	13.3%	250,778 €	205.8%	82,020 €	9,530 €	2880.8%
	4.11 % CA	43.2%	2.87 % CA	282.7%	0.75 % CA	2.89 % CA	42.2%

Gross operating surplus	284,067 €	13.3%	250,778 €	205.8%	82,020 €	9,530 €	2880.8%
+ Release of reserves and provisions	141,485	-46.9%	266,676	-23.2%	347,229
+ Other operating income	28,871	-81.7%	157,704	526.5%	25,171
- Depreciation/Amortisation	323,169	-25.8%	435,361	-6.8%	467,194
- Other charges	33,072	-62.8%	88,802	-37.8%	142,800
Operating result	98,182 €	-35.0%	150,995 €	197.1%	-155,574 €	7,087 €	1285.4%
	1.42 % CA	-17.9%	1.73 % CA	221.8%	-1.42 % CA	1.99 % CA	-28.6%

Operating result	98,182 €	-35.0%	150,995 €	197.1%	-155,574 €	7,087 €	1285.4%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	45,522	-9.2%	50,154	-32.0%	73,724
- Financial charges	97,107	-0.5%	97,579	-44.8%	176,697
Pre-tax result	46,597 €	-55.0%	103,570 €	140.1%	-258,547 €	6,459 €	621.4%
	0.67 % CA	-43.7%	1.19 % CA	150.4%	-2.36 % CA	1.75 % CA	-61.7%

Extraordinary income	861,319	115203.7%	747	-99.4%	131,261	0	0%
- Extraordinary charges	873,976	3951.8%	21,570	-72.4%	78,210
Extraordinary result	-12,657 €	39.2%	-20,823 €	-139.3%	53,051 €	0 €	0%
	-0.18 % CA	25.0%	-0.24 % CA	-150.0%	0 % CA	0 % CA	0%

Pre-tax result	46,597 €	-55.0%	103,570 €	140.1%	-258,547 €	6,459 €	621.4%
Extraordinary result	-12,657 €	39.2%	-20,823 €	-139.3%	53,051 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	0	0%	0	0%	-200,000
Net result	33,940 €	-59.0%	82,747 €	1605.6%	-5,496 €	6,071 €	459.1%
	0.49 % CA	-48.4%	0.95 % CA	2000%	-0.05 % CA	1.57 % CA	-68.8%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	08/10/2009
Status of Monitoring	This company is under monitoring with at least one active preferential right
Number of active preferential rights	1
Total amount	37,042 EUR
Due remaining amount	37,042 EUR

Social security, pension funds preferential rights

Number of preferential rights	1
Total amount	37,042 EUR
Due remaining amount	37,042 EUR
Date of last preferential right	13/11/2014

Active

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

31426393

13/11/2014

13/05/2017

URSSAF ILE DE FRANCE

37,042 EUR

37,042 EUR

Court	Paris
Creditor	URSSAF ILE DE FRANCE 22/24 R DE LAGNY 93100, MONTREUIL
Debtor	SAS ANTIK BATIK 8 R DU FOIN 75003 PARIS

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

31211948

31/05/2012

02/07/2012

UNION GENERALE DE RETRAITE PAR REPARTITION

40,107 EUR

-

Reason for closure	Crossed Off
Court	Paris
Creditor	UNION GENERALE DE RETRAITE PAR REPARTITION
Debtor	ANTIK BATIK 8 R DU FOIN 75003 PARIS

31319899

17/09/2013

07/05/2014

AG2R Retraite Arrco

21,638 EUR

-

Reason for closure	Crossed Off
Court	Paris
Creditor	AG2R Retraite Arrco
Debtor	ANTIK BATIK 8 R DU FOIN 75003 PARIS

31325901

28/11/2013

20/03/2014

AG2R Retraite Agirc

10,702 EUR

-

Reason for closure	Crossed Off
Court	Paris
Creditor	AG2R Retraite Agirc
Debtor	ANTIK BATIK 8 R DU FOIN 75003 PARIS

31404560

19/02/2014

07/05/2014

AG2R Retraite Agirc

3,836 EUR

-

Reason for closure	Crossed Off
Court	Paris
Creditor	AG2R Retraite Agirc
Debtor	ANTIK BATIK 8 R DU FOIN 75003 PARIS

31411229

13/05/2014

05/06/2014

AG2R RETRAITE ARRCO

1,649 EUR

-

Reason for closure	Crossed Off
Court	Paris
Creditor	AG2R RETRAITE ARRCO
Debtor	SAS ANTIK BATIK 8 R DU FOIN 75003 PARIS

Tax office preferential rights

Number of active preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

41005638

26/10/2010

25/01/2011

SERVICE DES IMPOTS DES ENTREPRISES DU 3EME ARRDT

147,949 EUR

-

Reason for closure	Crossed Off
Court	Paris
Creditor	SERVICE DES IMPOTS DES ENTREPRISES DU 3EME ARRDT
Debtor	ANTIK BATIK 8 R DU FOIN 75003 PARIS

41104859

26/09/2011

07/12/2011

SERVICE DES IMPOTS DES ENTREPRISES 3ème Arrdt

82,336 EUR

-

Reason for closure	Crossed Off
Court	Paris
Creditor	SERVICE DES IMPOTS DES ENTREPRISES 3ème Arrdt
Debtor	ANTIK BATIK 8 R DU FOIN 75003 PARIS

41401918

28/05/2014

21/11/2014

SERVICE DES IMPOTS DES ENTREPRISES PARIS 3ème Arrdt

26,198 EUR

-

Reason for closure	Crossed Off
Court	Paris
Creditor	SERVICE DES IMPOTS DES ENTREPRISES PARIS 3ème Arrdt
Debtor	SAS ANTIK BATIK 8 R DU FOIN 75003 PARIS

Group data

Ultimate parent company	G.R.C.
Direct parent	G.R.C. - Min de blocage
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-

Group Structure

Company Name	SIREN	Parts	Last account published
G R C	492180377	-	31/07/2012
ANTIK BATIK	377949458	Min blocking	31/07/2013

Linkages

Ultimate parent company	G.R.C.
Direct parent	G.R.C. - Min de blocage
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
30/08/2014	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 4630 - 377949458 RCS. ANTIK BATIK. Forme : Société par actions simplifiée (à associé unique). Adresse : 8 rue du Foin 75003 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2013.
10/06/2013	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11145 - 377949458 RCS. ANTIK BATIK. Forme : Société par actions simplifiée (à associé unique). Adresse : 8 rue du Foin 75003 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2012.
01/08/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 2329 - 377 949 458 RCS Paris. ANTIK BATIK. Forme : Société par actions simplifiée à associé unique. Capital : 69945.26 EUR. Activité : . Adresse du siège social : 8 rue du Foin, 75003 Paris. Commentaires : modification survenue sur le capital (augmentation).
01/08/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 2330 - 377 949 458 RCS Paris. ANTIK BATIK. Forme : Société par actions simplifiée à associé unique. Capital : 69945.26 EUR. Activité : . Adresse du siège social : 8 rue du Foin, 75003 Paris. Commentaires : modification survenue sur le capital (diminution).
30/07/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5754 - 377949458 RCS. ANTIK BATIK. Forme : Société par actions simplifiée à associé unique. Adresse : 8 rue du Foin 75003 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2011.
12/07/2012	JAL	Modification of the share capital
Affiches parisiennes (Les) Date de décision : 18/05/2012 La société : 377949458 - ANTIK BATIK, 8 RUE DU FOIN, 75003 PARIS 3 a subi une augmentation de son capital social désormais de 69 945 € Date d'effet : 18/05/2012
31/05/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10091 - 377949458 RCS. ANTIK BATIK. Forme : Société par actions simplifiée à associé unique. Adresse : 8 rue du Foin 75003 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2010.
29/03/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5826 - 377949458 RCS. ANTIK BATIK. Forme : Société par actions simplifiée. Adresse : 8 R DU FOIN 75003 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/07/2009.
11/03/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5333 - 377949458 RCS. ANTIK BATIK. Forme : Société par actions simplifiée. Adresse : 8 rue du Foin 75003 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2008.
21/02/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7095 - 377949458 RCS. ANTIK BATIK. Forme : Société par actions simplifiée. Adresse : 8 rue du Foin 75003 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2007.
22/01/2009	Bodacc A	Vente et cession : Acheteur
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 375 - 377 949 458 RCS Paris. ANTIK BATIK. Forme : Société par actions simplifiée. Capital : 50000 EUR. Adresse : 8 rue du Foin, 75003 Paris. Origine du fonds : Fonds acquis par achat au prix stipulé de 750000,00 euros. Etablissement : Etablissement complémentaire. Activité : Vente d'articles d'habillement et de prêt à porter et Accesoires. Adresse : 113 rue Vieille-du-Temple, 75003 Paris. Précédent propriétaire : TEMPLE. 497 619 346 RCS Bobigny. Précédent exploitant : TEMPLE. 497 619 346 RCS Bobigny. A dater du : 19/09/1990. Date de commencement de l’activité : 20/11/2008. Publication légale : Journal spécial des sociétés françaises par actions du 29/11/2008. Oppositions : SEQUESTRE JURIDIQUE ORDRE DES AVOCATS 11 pl Dauphine 75053 PARIS LOUVRE RP-SP pour la validité . Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
13/08/2008	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1890 - 377 949 458 RCS Paris. ANTIK BATIK. Forme : Société par actions simplifiée. Administration : Président partant : Cortese, Gabriella, nomination du Président : G.R.C. Capital : 50000 EUR. Adresse du siège social : 8 rue du Foin, 75003 Paris. Commentaires : modification survenue sur l'administration.
16/01/2008	Bodacc A	Vente et cession : Vendeur
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 553 - 492 474 804 RCS Paris. ANTIK BIOTIK. Forme : S.A.R.L. à associé unique. Capital : 5000 EUR. Adresse : 8 rue du Foin, 75003 Paris. Origine du fonds : Fonds complémentaire acquis par achat, au prix stipulé de 120 000 euros. Etablissement : Etablissement complémentaire. Activité : vente de prêt à porter, accessoires de mode, chaussures. Adresse : 20 rue Mabillon, 75006 Paris. Précédent propriétaire : ANTIK BATIK. 377 949 458 RCS Paris. Date de commencement de l’activité : 07/12/2007. Publication légale : La Gazette du Palais du 15/12/2007. Oppositions : Maître Moreu Gilles, 64, place du Docteur Félix Lobligeois, 75017 Paris. Commentaires : Achat d'un fonds par une personne morale (insertion provisoire).
19/04/2007	Bodacc A	Vente et cession
1034 - RCS Paris B 377 949 458. RC 07-B 359. ANTIK BATIK. Forme : S.A.S. Capital : 50 000 euros. Adresse du siège social : 8 rue du Foin, 75003 Paris. Etablissement principal - Enseigne : Antik Batik. Activité : vente de prêt-à-porter, d'accessoires de mode et de chaussures. Adresse : 20 rue Mabillon, 75006 Paris. Cession de l'établissement principal au prix stipulé de 119 697,26 euros. Date d'effet : 16 mars 2007. Précédent propriétaire : GOTLAND. RCS 484 168 695. Publication légale : La Gazette du Palais du 30 avril 2007. Oppositions : Séquestre Juridique de l'Ordre des Avocats, 11 place Dauphine, 75053 Paris Cedex 01, pour la validité.
07/03/2007	Bodacc C	Avis de dépôt des comptes
5492 - RCS Paris B 377 949 458. RC 90-B 13216. ANTIK BATIK. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 8, R du Foin,Paris, 75003 Paris. Comptes annuels et rapports de l'exercice clos le: 30 juin 2005.
07/03/2007	Bodacc C	Avis de dépôt des comptes
5493 - RCS Paris B 377 949 458. RC 90-B 13216. ANTIK BATIK. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 8, R du Foin,Paris, 75003 Paris. Comptes annuels et rapports de l'exercice clos le: 30 juin 2006.
03/12/2006	Bodacc B	Modifications et mutations diverses
2291 - RCS Paris B 377 949 458. RC 90-B 13216. ANTIK BATIK. Forme : S.A.S. Capital : 50 000 euros. Adresse du siège social : 8 rue du Foin,, 75003 Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président : CORTESE (Gabriella).
03/08/2006	Bodacc C	Avis de dépôt des comptes
4088 - RCS Paris B 377 949 458. RC 90-B 13216. ANTIK BATIK. Forme: S.A.R.L.. Adresse du siège social: 8, R du Foin,Paris, 75003 Paris. Comptes annuels et rapports de l'exercice clos le: 30 juin 2004.
17/10/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 377949458 RC 90-B 13216 ANTIK BATIK. Forme : S.A.R.L Nom commercial: Antik Batik. Commentaires : modification survenue sur l' administration. Administration : nomination d'un commissaire aux comptes titulaire : S.C.G.R.-SOCIETE DE COMPTABILITE DE GESTION ET DE REVISION. Nomination d'un commissaire aux comptes suppléant : RAYMOND (Marie-Christine).
06/09/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 377949458 RC 90-B 13216 ANTIK BATIK. Forme : S.A.R.L. Capital : 50 000 euros Nom commercial: Antik Batik. Commentaires : modification survenue sur le capital (augmentation) et l' administration. Administration : gérant partant : SAUVAT (Jean-Christophe).
21/03/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 377949458 RC 90-B 13216 ANTIK BATIK. Forme : S.A.R.L Nom commercial: Antik Batik. Adresse du siège social : 8 rue du Foin, 75003 Paris. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : 8 rue du Foin, 75003 Paris.
02/03/1997	Bodacc B	Modifications et mutations diverses
RCS Paris B 377 949 458 RC 90-B 13216 ANTIK BATIK. Forme : S.A.R.L. Capital : 50 000 F Nom commercial: Antik Batik. Administration : démission d'un associé gérant : CORTESE (Gabriella). Modification du gérant : SAUVAT (Jean- Christophe). Commentaires : modification survenue sur la forme juridique, le capital (augmentation) et l' administration.

Company events history

Date	Description
13/11/2014	New Filling of Social Security preferential right
09/10/2014	Payment incident closed
06/10/2014	Payment incident closed
30/08/2014	Bodacc C : Deposit accounts notice
13/08/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/07/2014	Minutes of general meeting of shareholders
31/07/2014	Updated articles of association
28/05/2014	New Filling of Tax Office preferential right
28/05/2014	Unfiling of a Tax Office preferential right
13/05/2014	Unfiling of a Social Security preferential right
13/05/2014	New Filling of Social Security preferential right
19/02/2014	New Filling of Social Security preferential right
19/02/2014	Unfiling of a Social Security preferential right
28/11/2013	New Filling of Social Security preferential right
28/11/2013	Unfiling of a Social Security preferential right
17/09/2013	New Filling of Social Security preferential right
17/09/2013	Unfiling of a Social Security preferential right
31/07/2013	New accounts available
10/06/2013	Bodacc C : Deposit accounts notice
06/06/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
02/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/08/2012	Bodacc B: Various editing or changing
31/07/2012	New accounts available
30/07/2012	Bodacc C : Deposit accounts notice
17/07/2012	Audit or Management Report
17/07/2012	Updated articles of association
17/07/2012	Minutes of general meeting of shareholders
17/07/2012	Capital increase
17/07/2012	Amendment
19/06/2012	Payment incident detected
13/06/2012	Other modification of Establishment
31/05/2012	Unfiling of a Social Security preferential right
31/05/2012	New Filling of Social Security preferential right
18/05/2012	Legal Gazette: Modification of the share capital
26/09/2011	Unfiling of a Tax Office preferential right
26/09/2011	New Filling of Tax Office preferential right
31/07/2011	New accounts available
31/05/2011	Bodacc C : Deposit accounts notice
20/04/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/04/2011	New ultimate parent
01/04/2011	New parent detected
25/01/2011	Preferential right lapsed
26/10/2010	Unfiling of a Tax Office preferential right
26/10/2010	New Filling of Tax Office preferential right
31/07/2010	New accounts available
29/03/2010	Bodacc C : Deposit accounts notice
10/02/2010	Rapport des Commissaires ou du Gérant
10/02/2010	Audit or Management Report
10/02/2010	Partial contribution
10/02/2010	Apport Partiel
10/02/2010	Declaration of conformity
10/02/2010	Déclaration de conformité
10/02/2010	Amendment
10/02/2010	Acte modificatif
05/02/2010	Amendment
05/02/2010	Acte modificatif
08/10/2009	Collection of preferential rights activated for this company
16/07/2009	Private document
16/07/2009	Audit or Management Report
16/07/2009	Rapport des Commissaires ou du Gérant
12/06/2009	Private document
12/06/2009	Planned merger
12/06/2009	Apport Partiel
12/06/2009	Acte sous seing privé
15/04/2009	Application and court order
14/04/2009	Requête et Ordonnance
14/04/2009	Application and court order
14/04/2009	Acte modificatif
11/03/2009	Bodacc C : Deposit accounts notice
21/02/2009	Bodacc C : Deposit accounts notice
23/01/2009	Statuts mis à jour
23/01/2009	New closing date
23/01/2009	Private document
23/01/2009	Updated articles of association
23/01/2009	Minutes of general meeting of shareholders
23/01/2009	Changement de date de clôture
23/01/2009	PV d'Assemblée
22/01/2009	New Bodacc A ads detected
22/01/2009	Bodacc A : Sale and transfer
13/08/2008	New Bodacc B ads detected
13/08/2008	Bodacc B: Various editing or changing
08/07/2008	Audit or Management Report
08/07/2008	Changement de Président (PDG, PCA)
08/07/2008	New chairman (CEO, CoB)
08/07/2008	Private document
08/07/2008	Appointment/resignation of company officers
08/07/2008	PV d'Assemblée
08/07/2008	Minutes of general meeting of shareholders
08/07/2008	Rapport des Commissaires ou du Gérant
30/06/2008	New accounts available
16/01/2008	Bodacc A : Sale and transfer
16/01/2008	New Bodacc A ads detected
30/08/2007	Updated articles of association
30/08/2007	Statuts mis à jour
30/08/2007	Minutes of general meeting of shareholders
30/08/2007	Private document
30/08/2007	PV d'Assemblée
30/06/2007	New accounts available
13/11/2006	Rapport des Commissaires ou du Gérant
13/11/2006	Changement de Forme Juridique avec changement de catégorie
13/11/2006	Appointment/resignation of company officers
13/11/2006	Audit or Management Report
13/11/2006	Minutes of general meeting of shareholders
13/11/2006	Private document
13/11/2006	Statuts mis à jour
13/11/2006	Updated articles of association
13/11/2006	New legal form – no new category
13/11/2006	PV d'Assemblée
30/06/2006	New accounts available
13/06/2006	Prorogation de durée
13/06/2006	Requête et Ordonnance
22/12/2005	Prorogation de durée
22/12/2005	Requête et Ordonnance
30/06/2005	New accounts available
14/04/2005	Prorogation de durée
14/04/2005	Requête et Ordonnance
30/12/2004	Requête et Ordonnance
30/12/2004	Prorogation de durée
05/10/2004	PV d'Assemblée
05/10/2004	Nomination/démission des organes de gestion
05/10/2004	New auditor
05/10/2004	Appointment/resignation of company officers
05/10/2004	Minutes of general meeting of shareholders
05/10/2004	Private document
05/10/2004	Acte sous seing privé
05/10/2004	Changement de Commissaire aux Comptes
02/09/2004	Nomination/démission des organes de gestion
02/09/2004	Application and court order
02/09/2004	Requête et Ordonnance
30/06/2004	New accounts available
30/06/2003	New accounts available
22/08/2001	Acte sous seing privé
22/08/2001	PV d'Assemblée
22/08/2001	Nomination/démission des organes de gestion
22/08/2001	Augmentation de Capital
22/08/2001	Conversion du Capital Social en Euros
22/08/2001	Changement de date de clôture
22/08/2001	Statuts mis à jour
06/03/2001	Rapport des Commissaires ou du Gérant
06/03/2001	Transfert du Siège dans le ressort du Tribunal de Commerce
06/03/2001	Nomination/démission des organes de gestion
06/03/2001	Acte sous seing privé
06/03/2001	PV d'Assemblée
06/03/2001	Statuts mis à jour
15/02/1997	Changement de Forme Juridique avec changement de catégorie
15/02/1997	Changement de Forme Juridique sans changement de catégorie
15/02/1997	Statuts mis à jour
15/02/1997	PV d'Assemblée
15/02/1997	Nomination/démission des organes de gestion
15/02/1997	Acte sous seing privé
15/02/1997	Changement de date de clôture
15/02/1997	Augmentation de Capital
07/12/1994	Statuts mis à jour
07/12/1994	Acte modificatif
07/12/1994	PV d'Assemblée
07/12/1994	Transfert du Siège dans le ressort du Tribunal de Commerce
28/06/1994	Acte sous seing privé
28/06/1994	Statuts mis à jour
28/06/1994	Cession de parts
28/06/1994	Acte modificatif
28/06/1994	PV d'Assemblée
07/04/1992	Statuts mis à jour
07/04/1992	Transfert du Siège dans le ressort du Tribunal de Commerce
07/04/1992	PV d'Assemblée
07/04/1992	Déclaration de conformité
07/04/1992	Acte modificatif

Directors

Shareholder(s)

Name	G.R.C.
Name of representative
Manager position	President	Date of birth
Place of birth
Type	Moral person	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	GRC	- - -

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.44
UK Pound	1	Rs.98.15
Euro	1	Rs.77.38

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	NIT

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.