MIRA INFORM REPORT

Report Date :

19.12.2014

IDENTIFICATION DETAILS

Name :	MAISONS DU MONDE
Registered Office :	12 Le Portereau, 44120 Vertou
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	October 1991
Com. Reg. No.:	0 383 196 656
Legal Form :	Simplified Joint Stock Company
Line of Business :	Retail sale of other household equipment (4759B )
No of Employees :	2410

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 :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

FRANCE - ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Trade name	MAISONS DU MONDE
EUR VAT Number	FR09383196656
Activity (APE)	Retail sale of other household equipment (4759B )	Legal form	Simplified joint stock company
Phone	02 51 71 17 17	RCS Registration	RCS Nantes 0 383 196 656
Fax	02 51 71 17 17	Share capital	57,375,590 Euros
Address	MAISONS DU MONDE 12 Le Portereau 44120 Vertou	Incorporated Date	10/1991
Nationality	France	Status	Economically active

Company details

Activity (APE)	Retail sale of other household equipment (4759B)
RCS Registration	RCS Nantes 0 383 196 656	Share capital	57,375,590 Euros
Registration Court	Nantes (44)	Legal form	Simplified joint stock company
Court Registry Number	20 0 3B01319	EUR VAT Number	FR09383196656
Incorporation Date	10/1991	Formation Date	09/1991
Deregistration Date		Last account Date	31/12/2013
Nationality	France

DIRECTORS/MANAGEMENT

Current Directors

1

Directors

Name	M. MARIE XAVIER CHARLES MAURICE
Manager position	President	Date of birth	06/04/1962
Place of birth	BREST (29200)
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

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

SHARE & SHARE CAPITAL INFORMATION

Shareholders’ equity	142,936,494 €	120,106,335 €	94,257,547 €
Net result	22,834,508 €	25,853,138 €	20,917,070 €

Shareholders

Type of shareholder

Shareholders

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Safe Number	Company number	Click here to view the affiliation links
	MAGNOLIA (BC)	FR16898603	793906728

Ultimate Parent

1 ultimate parent company for this company >  MAGNOLIA (BC)  - Conseil pour les affaires et autres conseils de gestion (7022Z)  in VERTOU  (44120)

Group data

Ultimate parent company	MAGNOLIA (BC)
Direct parent	ABACO - 100 %
Group – Number of companies	8
Linkages – Number of companies	-
Number of countries	-

Group Structure

Go directly to the current company

Display only where participation % > 33 %

Display all participations

Loading data...

Company Name	Safe Number	SIREN	Parts	Rating	Limit	Last account published
MAGNOLIA (BC)	FR16898603	793906728	-	20	0 €	-
ABACO	FR08096811	480016740	100%	55	145 000 €	31/12/2013
MAISONS DU MONDE	FR02855517	383196656	100%	98	5 000 000 €	31/12/2013
MAISONS DU MONDE ITALIE S.P.A.	-	MI1785551	100%		-	31/12/2013
MAISONS DU MONDE ESPAÑA	ES03358666	1079942	100%	50	0 €	-
MAISONS DU MONDE BELGIQUE	-	-	100%	-	-	-
CHIN CHIN LIMITED	-	-	50%	-	-	-
DISTRIMAG	FR05985281	432547206	100%	75	150 000 €	31/12/2013

Linkages

Ultimate parent company	MAGNOLIA (BC)
Direct parent	ABACO - 100 %
Group – Number of companies	8
Linkages – Number of companies	-
Number of countries	-

No Linkages information available for the company

Event history

FINANCIAL INFORMATION

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	493,734,938 €	448,950,093 €	383,637,940 €
Gross Operating Surplus	11.70 % Turnover	13.99 % Turnover	13.16 % Turnover

Accounts

Active Account | Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	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	05/08/2014	25/09/2013	06/07/2012
Activity Code	4759B	4759B	4759B
Employees	2410	2251	2038

Active account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	131,786,404	5.6%	124,854,172	14.1%	109,403,970	41,010.50	321248.0%
- Intangible assets	41,798,295	-4.3%	43,663,352	7.4%	40,668,111	7,518.50	555839.3%
- Tangible assets	53,864,337	9.7%	49,093,172	17.7%	41,712,035	7,822.50	688482.1%
- Financial assets	36,123,772	6.9%	33,803,457	25.1%	27,023,824	1,000	3612277.2%
Net current assets	180,678,197	4.2%	173,431,051	23.8%	140,107,662	92,116.50	196041.0%
- Stocks	57,810,082	-14.2%	67,414,123	43.3%	47,047,469	40,633.50	142172.0%
- Advanced payments	17,474,025	4.2%	17,511,507	16.5%	15,032,299	0	0%
- Receivables	50,424,259	124.8%	22,434,990	21.9%	18,400,817	10,704.50	470956.6%
- Securities and cash	54,969,830	-16.8%	66,070,431	10.8%	59,627,077	13,255.50	414594.5%
- Prepaid expenses	-	-	-	-	-	408.50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	312,464,600	4.8%	298,285,221	19.5%	249,511,633	154,161	202587.2%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Shareholders' equity	142,936,494	19.0%	120,106,335	27.4%	94,257,547	29,930	477469.3%
Share capital	57,375,590	0%	57,375,590	0%	57,375,590	8,000	717094.9%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	2,790,222	-14.3%	3,257,010	9.2%	2,982,541	0	0%
Liabilities	166,737,885	-4.7%	174,921,877	14.9%	152,271,546	104,812.50	158982.1%
- Financial liabilities	84,750,502	-5.1%	89,327,537	12.5%	79,422,669	30,152	280977.5%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	34,422,159	2.1%	33,707,021	86.6%	18,062,017	21,316.50	161381.3%
- Tax and social liabilities	27,915,398	6.9%	26,124,973	8.9%	23,983,184	18,765.50	148659.1%
- Other debts and fixed assets liabilities	19,649,826	-23.7%	25,762,346	-16.3%	30,768,140	4,568	430062.6%
Account regularization	0	0%	0	0%	35,536	0	0%
Total liabilities	312,464,600	4.8%	298,285,221	19.5%	249,511,633	153,916.50	202909.2%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Sales of Goods	497,516,308	10.2%	451,607,963	17.4%	384,627,313	209,498.50	237379.7%
Net turnover	493,734,938	10.0%	448,950,093	17.0%	383,637,940	205,688	239940.7%
- of which net export turnover	61,317,428	35.6%	45,217,222	53.0%	29,544,104	0	0%
Operating charges	451,555,005	13.1%	399,380,935	16.0%	344,263,832	211,155.50	213749.5%
Operating profit/loss	45,961,303	-12.0%	52,227,028	29.4%	40,363,481	1,990.50	2308933.1%
Financial income	2,702,521	15.6%	2,338,508	12.2%	2,084,260	02	135125950.0%
Financial charges	6,536,337	23.9%	5,277,313	4.1%	5,069,237	872	749479.9%
Financial profit/loss	-3,833,816	-30.5%	-2,938,805	1.5%	-2,984,977	-538.50	-711843.5%
Pretax net operating income	42,127,487	-14.5%	49,288,223	31.9%	37,378,504	1,135.50	3709938.5%
Extraordinary income	6,605,282	251.8%	1,877,782	102.5%	927,388	0	0%
Extraordinary charges	10,045,290	58.3%	6,345,582	150.8%	2,530,055	70	14350314.3%
Extraordinary profit/loss	-3,440,008	23.0%	-4,467,800	-178.8%	-1,602,667	0	0%
Net result	22,834,508	-11.7%	25,853,138	23.6%	20,917,070	1,707.50	1337206.5%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to VI)	Net	312,464,600	4.8%	298,285,221	19.5%	249,511,633
Gross	CO	401,455,763	5.3%	381,344,591	17.8%	323,649,563
Amortisation	1A	88,991,163	7.1%	83,059,370	12.0%	74,137,930

Non declared distributed capital (I)

		31/12/2013		31/12/2012		31/12/2011
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		31/12/2013		31/12/2012		31/12/2011
Total Active fixed asset (II)	Net	131,786,404	5.6%	124,854,172	14.1%	109,403,970
Gross	BJ	218,648,890	6.3%	205,694,871	13.8%	180,750,035
Amortisation	BK	86,862,487	7.4%	80,840,699	13.3%	71,346,065

Intangilble 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	2,781,305	28.1%	2,171,941	89.3%	1,147,200
	Gross	AF	7,716,865	30.1%	5,930,374	43.7%	4,128,263
	Amortisation	AG	4,935,561	31.3%	3,758,433	26.1%	2,981,063
	Goodwill	Net	38,317,847	-6.8%	41,113,268	4.5%	39,354,355
	Gross	AH	39,596,040	-3.7%	41,113,268	3.5%	39,735,846
	Amortisation	AI	1,278,192	-25.1%	1,705,809	347.1%	381,491
	Other intangible fixed assets	Net	699,143	84.9%	378,143	127.0%	166,556
	Gross	AJ	959,156	123.5%	429,086	157.6%	166,556
	Amortisation	AK	260,014	410.4%	50,943	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	41,798,295	-4.3%	43,663,352	7.4%	40,668,111

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	38,978,466	6.3%	36,654,115	15.1%	31,844,911
Gross	AP	91,654,949	6.6%	86,009,705	13.1%	76,067,388
Amortisation	AQ	52,676,483	6.7%	49,355,590	11.6%	44,222,477
Plant	Net	951,921	11.1%	857,169	31.3%	652,682
Gross	AR	3,831,753	5.1%	3,647,489	13.1%	3,224,399
Amortisation	AS	2,879,832	3.2%	2,790,320	8.5%	2,571,717
Other tangible fixed assets	Net	12,963,470	24.4%	10,423,019	23.6%	8,433,986
Gross	AT	37,795,876	12.5%	33,602,623	13.4%	29,623,303
Amortisation	AU	24,832,405	7.1%	23,179,604	9.4%	21,189,317
Fixed assets in construction	Net	826,724	-25.7%	1,113,405	69.1%	658,573
Gross	AV	826,724	-25.7%	1,113,405	69.1%	658,573
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	143,756	216.2%	45,464	-62.7%	121,883
Gross	AX	143,756	216.2%	45,464	-62.7%	121,883
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	53,864,337		49,093,172		41,712,035

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	2,682,569	7.3%	2,499,628	0%	2,499,628
Gross	CU	2,682,569	7.3%	2,499,628	0%	2,499,628
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	24,328,786	7.8%	22,565,308	36.3%	16,553,704
Gross	BB	24,328,786	7.8%	22,565,308	36.3%	16,553,704
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	10,085	0%	10,085	0%	10,085
Gross	BD	10,085	0%	10,085	0%	10,085
Amortisation	BE	0	0%	0	0%	0
Loans	Net	1,500	0%	1,500	0%	1,500
Gross	BF	1,500	0%	1,500	0%	1,500
Amortisation	BG	0		0		0
Other financial assets	Net	9,100,832	4.3%	8,726,936	9.6%	7,958,907
Gross	BH	9,100,832	4.3%	8,726,936	9.6%	7,958,907
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		36,123,772		33,803,457		27,023,824

Current Assets (III)

		31/12/2013		31/12/2012		31/12/2011
Total Assets	Net	180,678,197	4.2%	173,431,051	23.8%	140,107,662
Gross	CJ	182,806,873	4.1%	175,649,721	22.9%	142,899,527
Amortisation	CK	2,128,677	-4.1%	2,218,670	-20.5%	2,791,865

Stocks

		31/12/2013		31/12/2012		31/12/2011
Raw materials	Net	1,416,989	-35.8%	2,207,722	68.4%	1,310,811
Gross	BL	1,416,989	-35.8%	2,207,722	68.4%	1,310,811
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	56,393,093	-13.5%	65,206,401	42.6%	45,736,658
Gross	BT	56,393,093	-13.5%	65,206,401	42.6%	45,736,658
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	57,810,082	-14.2%	67,414,123	43.3%	47,047,469

Advance payments to suppliers

		31/12/2013		31/12/2012		31/12/2011
Advance payments to suppliers	Net	17,474,025	-0.2%	17,511,507	16.5%	15,032,299
Gross	BV	17,474,025	-0.2%	17,511,507	16.5%	15,032,299
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2013		31/12/2012		31/12/2011
Trade accounts receivable	Net	13,391,695	26.9%	10,553,099	26.6%	8,334,778
Gross	BX	14,179,649	31.5%	10,783,712	26.9%	8,495,896
Amortisation	BY	787,954	241.7%	230,613	43.1%	161,118
Other debtors	Net	29,990,956	352.9%	6,621,872	33.7%	4,951,676
Gross	BZ	31,331,678	263.9%	8,609,929	13.6%	7,582,423
Amortisation	CA	1,340,723	-32.6%	1,988,057	-24.4%	2,630,747
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	43,382,651	152.6%	17,174,971	29.3%	13,286,454

Divers

		31/12/2013		31/12/2012		31/12/2011
Investment securities	Net	48,047,000	13.2%	42,453,042	-20.1%	53,127,588
Gross	CD	48,047,000	13.2%	42,453,042	-20.1%	53,127,588
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	6,922,830	-70.7%	23,617,389	263.4%	6,499,489
Gross	CF	6,922,830	-70.7%	23,617,389	263.4%	6,499,489
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	54,969,830	-16.8%	66,070,431	10.8%	59,627,077

Prepaid expenses

		31/12/2013		31/12/2012		31/12/2011
Prepaid expenses	Net	7,041,608	33.9%	5,260,019	2.8%	5,114,363
Gross	CH	7,041,608	33.9%	5,260,019	2.8%	5,114,363
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

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

References

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

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to V)	EE	312,464,600	4.8%	298,285,221	19.5%	249,511,633

Shareholder Equity (I)

		31/12/2013		31/12/2012		31/12/2011
Total shareholders' equity (Total I)	DL	142,936,494	19.0%	120,106,335	27.4%	94,257,547
Equity and shareholders' equity	DA	57,375,590	0%	57,375,590	0%	57,375,590
Issue and merger premiums	DB	17,392,534	0%	17,392,534	0%	17,392,534
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	3,076,070	72.5%	1,783,413	141.8%	737,559
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	42,231,696	139.0%	17,671,216	903.2%	-2,200,000
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	0	0%	0	0%	0
Profit or loss for the period	DI	22,834,508	-11.7%	25,853,138	23.6%	20,917,070
Investment grants	DJ	26,095	-14.3%	30,444	-12.5%	34,794
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	2,790,222	-14.3%	3,257,010	9.2%	2,982,541
Risk provisions	DP	2,790,222	-14.3%	3,257,010	9.2%	2,982,541
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	166,737,885	-4.7%	174,921,877	14.9%	152,271,546
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	2,279,269	-97.4%	88,782,238	11.8%	79,422,669
Sundry loans and financial liabilities	DV	82,471,233	15024.0%	545,299	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	34,422,159	2.1%	33,707,021	86.6%	18,062,017
Tax and social security liabilities	DY	27,915,398	6.9%	26,124,973	8.9%	23,983,184
Fixed asset liabilities	DZ	1,589,076	-25.1%	2,121,465	25.7%	1,688,294
Other debts	EA	18,060,750	-23.6%	23,640,881	-18.7%	29,079,846

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	0	0%	0	0%	35,536

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	Kilo Euro

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

1- Operating result(I-II)

		31/12/2013		31/12/2012		31/12/2011
Operating result (Total I-II)	GG	45,961,303	-12.0%	52,227,028	29.4%	40,363,481

2 -Financial result(V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	-3,833,816	-30.5%	-2,938,805	1.5%	-2,984,977

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-VI)	GW	42,127,487	-14.5%	49,288,223	31.9%	37,378,504

4 -Extraordinary result(VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	-3,440,008	23.0%	-4,467,800	-178.8%	-1,602,667

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	22,834,508	-11.7%	25,853,138	23.6%	20,917,070

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	506,824,111	11.2%	455,824,253	17.6%	387,638,961

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)	HM	483,989,603	12.6%	429,971,115	17.2%	366,721,896

Operating income(I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	497,516,308	10.2%	451,607,963	17.4%	384,627,313

Operating income (details)

		31/12/2013		31/12/2012		31/12/2011
Sale of goods for resale	FC	471,470,187	9.1%	432,245,617	17.3%	368,439,969
France	FA	418,088,603	6.9%	391,277,697	14.8%	340,934,448
Export	FB	53,381,584	30.3%	40,967,920	48.9%	27,505,521
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	22,264,751	33.3%	16,704,476	9.9%	15,197,971
France	FG	14,328,907	15.0%	12,455,174	-5.4%	13,159,388
Export	FH	7,935,844	86.8%	4,249,302	108.4%	2,038,583
Net turnover	FL	493,734,938	10.0%	448,950,093	17.0%	383,637,940
France	FJ	432,417,510	7.1%	403,732,871	14.0%	354,093,836
Export	FK	61,317,428	35.6%	45,217,222	53.0%	29,544,104
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	1,152,487	-5.1%	1,214,022	352.6%	268,253
Operating grants	FO	1,600	33.3%	1,200	-67.6%	3,700
Release of reserves and provisions	FP	1,874,527	69.3%	1,107,154	106.6%	535,908
Other income	FQ	752,756	124.4%	335,494	84.8%	181,512

Operating charges(II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	451,555,005	13.1%	399,380,935	16.0%	344,263,832

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	163,572,948	-3.8%	169,956,887	17.6%	144,465,033
Change in stocks of goods for resale	FT	9,708,257	151.0%	-19,025,889	-123.6%	-8,509,452
Purchase of raw materials	FU	2,073,597	-39.0%	3,398,007	111.6%	1,605,747
Change in stocks of raw materials	FV	-104,216	92.2%	-1,340,765	65.4%	-3,872,640
Other external purchases and charges	FW	174,636,171	13.8%	153,403,180	17.6%	130,462,554
Tax, duty and similar payments	FX	9,263,200	11.5%	8,308,980	21.6%	6,834,074
Payroll	FY	57,432,662	10.1%	52,164,246	14.9%	45,395,289
Social security costs	FZ	20,551,540	0.3%	20,486,184	20.3%	17,025,527

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	12,077,198	13.2%	10,664,528	5.6%	10,102,439
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	787,954	241.7%	230,613	43.1%	161,118
Provisions for risks and charges	GD	381,247	-20.9%	481,762	190.1%	166,041

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	1,174,447	79.8%	653,202	52.6%	428,102

Operating charges (III-IV)

		31/12/2013		31/12/2012		31/12/2011
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)

		31/12/2013		31/12/2012		31/12/2011
Total financial income (Total V)	GP	2,702,521	15.6%	2,338,508	12.2%	2,084,260
Share financial income	GJ	1,454,371	45.4%	1,000,199	4.2%	959,897
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	514,935	33.7%	385,214	-46.5%	720,313
Released provisions and transferred charges	GM	647,335	0.7%	642,690	0%	0
Exchange gains	GN	33,622	83.6%	18,313	-36.0%	28,618
Net income from disposal of investment securities	GO	52,259	-82.1%	292,092	-22.2%	375,432

Financial Charge (VI)

		31/12/2013		31/12/2012		31/12/2011
Total financial charge (Total VI)	GU	6,536,337	23.9%	5,277,313	4.1%	5,069,237
Financial reserves and provisions	GQ	0	0%	0	0%	60,131
Interest and similar charges	GR	6,502,460	23.8%	5,252,043	5.7%	4,969,622
Exchange losses	GS	33,877	34.1%	25,270	-36.0%	39,484
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

		31/12/2013		31/12/2012		31/12/2011
Total extraordinary income (Total VII)	HD	6,605,282	251.8%	1,877,782	102.5%	927,388
Extraordinary operating income	HA	38,458	-84.5%	247,756	1381.4%	16,725
Extraordinary income from capital transactions	HB	2,075,866	567.8%	310,849	7047.6%	4,349
Released provisions and transferred charges	HC	4,490,958	240.4%	1,319,177	45.6%	906,314

Extraordinary charges(VIII)

		31/12/2013		31/12/2012		31/12/2011
Total extraordinary charges (Total VIII)	HH	10,045,290	58.3%	6,345,582	150.8%	2,530,055
Extraordinary operating charges	HE	662,959	-49.1%	1,302,772	2956.9%	42,618
Extraordinary charges from capital transactions	HF	6,041,377	201.5%	2,003,945	116.1%	927,412
Extraordinary reserves and provisions	HG	3,340,954	9.9%	3,038,865	94.8%	1,560,025

Employee profit sharing(IX)

		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	3,237,038	-22.7%	4,185,416	25.6%	3,333,565

Tax on profits(X)

		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	12,615,933	-14.7%	14,781,869	28.3%	11,525,207

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	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

		31/12/2013		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	1,058,090	50.8%	701,619	68.1%	417,415
Decreasess by transfers	OK2	14,998,883	60.9%	9,321,503	-63.0%	25,222,933
Gross value at the end of period	OL	218,648,890	6.3%	205,694,869	13.8%	180,750,036

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	47,472,728	7.8%	44,030,665	3.2%	42,684,210
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	3,544,245	-11.3%	3,995,588	18.2%	3,379,530
Decreasess by budget item transfer	LV1	27,116	-79.0%	129,294	-27.5%	178,259
Decreasess by transfers	LV2	2,717,796	540.6%	424,231	-77.1%	1,854,815
Gross value at the end of period	LW	48,272,061	1.7%	47,472,728	7.8%	44,030,666

Tangible fixed assets (Total III)

		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	LN	124,418,685	13.4%	109,695,545	7.4%	102,182,336
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	17,253,470	-7.8%	18,707,139	10.3%	16,953,084
Decreasess by budget item transfer	NG1	1,030,974	80.1%	572,324	139.3%	239,156
Decreasess by transfers	NG2	6,388,124	87.2%	3,411,676	-62.9%	9,200,717
Gross value at the end of period	NH	134,253,057	7.9%	124,418,684	13.4%	109,695,547

Fiancial assets (Total IV)

		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	LQ	33,803,457	25.1%	27,023,824	-1.5%	27,434,685
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	8,213,278	-33.0%	12,265,228	-10.8%	13,756,540
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	5,892,963	7.4%	5,485,596	-61.3%	14,167,400
Gross value at the end of period	NK	36,123,772	6.9%	33,803,456	25.1%	27,023,825

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

Other intangible assets (Total II)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	PE	3,809,377	27.8%	2,981,063	21.8%	2,447,202
Increases		PF	1,403,922	67.4%	838,801	55.4%	539,872
Decreasess		PG	17,724	69.0%	10,488	74.5%	6,011
	Decreasess by budget item transfer	PH	5,195,575	36.4%	3,809,376	27.8%	2,981,063

Total fixed assets amotisation(Total III)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	74,728,204	10.2%	67,790,477	11.3%	60,905,039
Increases		QV	10,673,277	8.6%	9,825,728	2.8%	9,562,567
Decreases		QW	5,518,454	91.1%	2,888,001	7.9%	2,677,128
	Decreasess by budget item transfer	QX	79,883,027	6.9%	74,728,204	10.2%	67,790,478

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission 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

Premium 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	7,778,798	22.5%	6,348,931	12.5%	5,645,536
Increases		UB	4,510,155	20.2%	3,751,241	92.6%	1,947,315
Decreases		UC	5,586,169	140.6%	2,321,374	86.6%	1,243,920
	Value at the end of period	UD	6,702,784	-13.8%	7,778,798	22.5%	6,348,931

Includes Total allocations

Operating	UE	1,169,201	0%	0	0%	327,159
Financial	UG	0	0%	0	0%	60,131
Exceptional	UJ	3,340,954	0%	0	0%	1,560,025

Includes Total Withdrawal

Operating	UF	696,459	0%	0	0%	341,105
Financial	UH	647,335	0%	0	0%	0
Exceptional	UK	4,242,376	0%	0	0%	902,814

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	3,257,010	9.2%	2,982,541	43.3%	2,081,093
Increases		TV	2,076,567	70.6%	1,217,510	5.7%	1,151,541
Decreases		TW	2,543,355	169.7%	943,041	277.1%	250,093
	Value at the end of period	TX	2,790,222	-14.3%	3,257,010	9.2%	2,982,541

Total Provision for depreciation (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7B	4,521,788	34.3%	3,366,390	-5.6%	3,564,442
Increases		TY	2,433,588	-4.0%	2,533,731	218.4%	795,774
Decreases		TZ	3,042,814	120.8%	1,378,333	38.7%	993,827
	Value at the end of period	UA	3,912,562	-13.5%	4,521,788	34.3%	3,366,389

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

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	85,984,052	53.7%	55,955,070	22.4%	45,706,793
1 year at most	VU	67,303,039	75.8%	38,292,773	16.0%	33,015,877
More than one year	VV	18,681,013	5.8%	17,662,297	39.2%	12,690,916

State of loans

		31/12/2013		31/12/2012		31/12/2011
Claims related to holdings (gross)	UL	24,328,785	7.8%	22,565,308	36.3%	16,553,704
Claims related to shareholdings (1 year at most)	UM	5,647,772	15.2%	4,903,011	26.9%	3,862,788
Loans (gross)	UP	1,500	0%	1,500	0%	1,500
Loans (1 year at most)	UR	1,500	0%	1,500	0%	1,500
Other financial assets (gross)	UT	9,100,832	4.3%	8,726,936	9.6%	7,958,907
Other financial assets (1 year at most)	UV	9,100,832	4.3%	8,726,936	9.6%	7,958,907

Receivables statement of assets

		31/12/2013		31/12/2012		31/12/2011
Customers doubtful or disputed	VA	390,843	80.8%	216,117	2.9%	210,122
Other claims customer	UX	13,788,806	30.5%	10,567,595	27.5%	8,285,775
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	338,763	11.8%	302,908	-7.6%	327,831
Social Security and other social organizations	UZ	2,057	1318.6%	145	0%	0
Income taxes	VM	3,067	0%	0	0%	0
Value added tax	VB	3,137,657	-1.4%	3,181,709	47.1%	2,163,240
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	439,599	63.2%	269,422	-28.6%	377,571
Group and Associates	VC	26,187,368	567.3%	3,924,210	-7.7%	4,251,784
Accounts receivable (including claims relating to the operation of pension titles)	VR	1,223,167	30.2%	939,202	103.3%	461,997

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	7,041,608	33.9%	5,260,019	2.8%	5,114,363

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	166,737,886	-4.7%	174,929,543	14.9%	152,271,545
1 year at most		VZ2	87,733,681	-26.2%	118,866,010	20.5%	98,672,945
More than 1 year and 5 years at most		VZ3	0	0%	56,063,533	4.6%	53,598,600
More than 5 years		VZ4	79,004,205	0%	0	0%	0

Details

			31/12/2013		31/12/2012		31/12/2011
	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	2,279,269	-85.0%	15,162,539	1.7%	14,903,870
1 year at most		VG2	2,279,269	-85.0%	15,162,539	1.7%	14,903,870
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%	73,619,699	14.1%	64,518,799
1 year at most		VH2	0	0%	17,556,166	60.8%	10,920,199
More than 1 year and 5 years at most		VH3	0	0%	56,063,533	4.6%	53,598,600
	Loans and various financial liabilities (gross)	8A1	82,471,233	15024.0%	545,299	0%	0
1 year at most		8A2	3,467,028	535.8%	545,299	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	34,422,159	2.1%	33,707,021	86.6%	18,062,017
1 year at most		8B2	34,422,159	2.1%	33,707,021	86.6%	18,062,017
More than 1 year and 5 years at most		8B3	34,422,159	2.1%	33,707,021	86.6%	18,062,017
	Personnel and associated accounts (gross)	8C1	8,820,154	-2.8%	9,078,190	18.1%	7,684,574
1 year at most		8C2	8,820,154	-2.8%	9,078,190	18.1%	7,684,574
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	9,881,040	6.4%	9,287,424	22.9%	7,555,319
1 year at most		8D2	9,881,040	6.4%	9,287,424	22.9%	7,555,319
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	26,795	0%	26,795	0%	26,795
1 year at most		8E2	26,795	0%	26,795	0%	26,795
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	7,542,395	19.9%	6,289,861	-17.3%	7,602,714
1 year at most		VW2	7,542,395	19.9%	6,289,861	-17.3%	7,602,714
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	1,645,015	13.4%	1,450,368	30.2%	1,113,783
1 year at most		VQ2	1,645,015	13.4%	1,450,368	30.2%	1,113,783
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	1,589,076	-25.1%	2,121,465	25.7%	1,688,294
1 year at most		8J2	1,589,076	-25.1%	2,121,465	25.7%	1,688,294
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	0	0%	0	0%	0
1 year at most		VI2	0	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	18,060,750	-23.6%	23,640,881	-18.7%	29,079,846
1 year at most		8K2	18,060,750	-23.6%	23,640,881	-18.7%	29,079,846
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%	35,536
1 year at most		8L2	0	0%	0	0%	35,536
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Loans made during the period	VJ	78,871,906	283.7%	20,555,204	142.0%	8,493,339
Debt repaid during the period	VK	73,619,699	574.9%	10,909,005	48.7%	7,336,347

Table allocation results and other information
Dividends distributed

		31/12/2013		31/12/2012		31/12/2011
Dividends	ZE	0	0%	0	0%	0

Commitments

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

Other charges Externes

		31/12/2013		31/12/2012		31/12/2011
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2013		31/12/2012		31/12/2011
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2013		31/12/2012		31/12/2011
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/12/2013		31/12/2012		31/12/2011
Average number of employees	YP	2,410	7.1%	2,251	10.5%	2,038

Groups and Shareholders

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Fixed Asset Financing		1.45	1.4%	1.43	4.4%	1.37	1.44	0.7%
Global Debt		122days	-12.9%	140days	-2.1%	143days	169.50days	-28.0%
Working Capital Fund overall net		72days	2.9%	70days	11.1%	63days	51days	41.2%
Financial independence		168.66%	25.4%	134.46%	13.3%	118.68%	55.75%	202.5%
More ratios
Solvability		45.74%	13.6%	40.27%	6.6%	37.78%	24.30%	88.2%
Capacity debt futures		6271.16%	1608.3%	367.09%	0.6%	365%	459.62%	1264.4%
Coverage of current assets by net working capital overall		44.10%	6.9%	41.27%	17.1%	35.23%	37.47%	17.7%
General Liquidity		0.77	140.6%	0.32	-3.0%	0.33	0.14	450.0%
Restricted Liquidity		1.39	58.0%	0.88	-6.4%	0.94	0.42	231.0%

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Need background in operating working capital		27days	107.7%	13days	550.0%	2days	13days	107.7%
Treasury		40days	-24.5%	53days	-5.4%	56days	3days	1233.3%
Inventory turnover of goods		117days	-25.0%	156days	28.9%	121days	165days	-29.1%
Average length of credit granted to customers		10days	11.1%	9days	12.5%	8days	2days	400%
Average length of credit obtained suppliers		35days	-12.5%	40days	60.0%	25days	47days	-25.5%
More ratios
Inventory turnover of raw materials in industrial enterprises		9days	-50.0%	18days	12.5%	16days	0days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	655.50days	-
Rotation tangible assets		367.76%	1.9%	360.84%	3.2%	349.73%	626.32%	-41.3%

Profitability of the business

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Margin trading		60.39%	-3.6%	62.66%	3.4%	60.60	42.11%	43.4%
Profitability of the business		11.70	-16.4%	13.99	6.3%	13.16	2.83%	313.4%
Net profit		4.62%	-19.8%	5.76%	5.7%	5.45%	0.84%	450.0%
More ratios
Growth rate of turnover (excluding VAT)		9.98%	-41.4%	17.02%	-9.9%	18.89%	-2.57%	488.3%
Rates integration		29.37%	-8.3%	32.02%	2.6%	31.22%	22.97%	27.9%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		53.78%	6.4%	50.53%	-3.1%	52.12%	73.96%	-27.3%
Weight interests		1.32	11.9%	1.18%	-10.6%	1.32%	0.40%	230.0%

Return on capital

	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Cash flow from the overall profitability	7.42%	-19.3%	9.19%	9.1%	8.42%	2.83%	162.2%
Rates of economic profitability	25%	-16.7%	30%	3.4%	29%	8%	212.5%
Financial profitability	142936494%	19.0%	120106335%	27.4%	94257547%	3885%	3679089.0%
Return on investment	12.90%	-13.2%	14.86%	-0.7%	14.96%	5.21%	147.6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Turnover	493,734,938	10.0%	448,950,093	17.0%	383,637,940	205,688 €	239940.7%

Sales of goods	471,470,187	9.1%	432,245,617	17.3%	368,439,969
- Purchase of goods	163,572,948	-3.8%	169,956,887	17.6%	144,465,033
+/- Stock of goods variation	9,708,257	151.0%	-19,025,889	-123.6%	-8,509,452
Trading margin	298,188,982 €	6.0%	281,314,619 €	21.0%	232,484,388 €	72,759.50 €	409728.2%
	60.39 % CA	-3.6%	62.66 % CA	3.4%	60.60 % CA	42.56 % CA	41.9%

Sale of goods produced	22,264,751	33.3%	16,704,476	9.9%	15,197,971
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	1,152,487	-5.1%	1,214,022	352.6%	268,253
Period production	23,417,238 €	30.7%	17,918,498 €	15.9%	15,466,224 €	342 €	6847045.6%
	4.74 % CA	18.8%	3.99 % CA	-1.0%	4.03 % CA	1.32 % CA	259.1%

Trading margin	298,188,982	6.0%	281,314,619	21.0%	232,484,388	72,759.50	409728.2%
+ Period Production	23,417,238	30.7%	17,918,498	15.9%	15,466,224	342	6847045.6%
- Purchase of raw materials	2,073,597	-39.0%	3,398,007	111.6%	1,605,747
+/- Change in stocks of raw materiels	-104,216	92.2%	-1,340,765	65.4%	-3,872,640
- Other external purchases and charges	174,636,171	13.8%	153,403,180	17.6%	130,462,554
Added value	145,000,668 €	0.9%	143,772,695 €	20.1%	119,754,951 €	49,452.50 €	293112.0%
	29.37 % CA	-8.3%	32.02 % CA	2.6%	31.22 % CA	22.97 % CA	27.9%

Added value	145,000,668 €	0.9%	143,772,695 €	20.1%	119,754,951 €	49,452.50 €	293112.0%
+ Operating grants	1,600	33.3%	1,200	-67.6%	3,700
- Tax, duty and similar payments	9,263,200	11.5%	8,308,980	21.6%	6,834,074
- Personal charges	77,984,202	7.3%	72,650,430	16.4%	62,420,816
Gross operating surplus	57,754,866 €	-8.1%	62,814,485 €	24.4%	50,503,761 €	4,964.50 €	1163257.2%
	11.70 % CA	-16.4%	13.99 % CA	6.3%	13.16 % CA	2.83 % CA	313.4%

Gross operating surplus	57,754,866 €	-8.1%	62,814,485 €	24.4%	50,503,761 €	4,964.50 €	1163257.2%
+ Release of reserves and provisions	1,874,527	69.3%	1,107,154	106.6%	535,908
+ Other operating income	752,756	124.4%	335,494	84.8%	181,512
- Depreciation/Amortisation	13,246,399	16.4%	11,376,903	9.1%	10,429,598
- Other charges	1,174,447	79.8%	653,202	52.6%	428,102
Operating result	45,961,303 €	-12.0%	52,227,028 €	29.4%	40,363,481 €	1,991.50 €	2307773.6%
	9.31 % CA	-19.9%	11.63 % CA	10.6%	10.52 % CA	1.17 % CA	695.7%

Operating result	45,961,303 €	-12.0%	52,227,028 €	29.4%	40,363,481 €	1,991.50 €	2307773.6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	2,702,521	15.6%	2,338,508	12.2%	2,084,260
- Financial charges	6,536,337	23.9%	5,277,313	4.1%	5,069,237
Pre-tax result	42,127,487 €	-14.5%	49,288,223 €	31.9%	37,378,504 €	1,135 €	3711572.9%
	8.53 % CA	-22.3%	10.98 % CA	12.7%	9.74 % CA	0.63 % CA	1254.0%

Extraordinary income	6,605,282	251.8%	1,877,782	102.5%	927,388	0	0%
- Extraordinary charges	10,045,290	58.3%	6,345,582	150.8%	2,530,055
Extraordinary result	-3,440,008 €	23.0%	-4,467,800 €	-178.8%	-1,602,667 €	0 €	0%
	-0.70 % CA	30.0%	-1.00 % CA	-138.1%	0 % CA	0 % CA	0%

Pre-tax result	42,127,487 €	-14.5%	49,288,223 €	31.9%	37,378,504 €	1,135 €	3711572.9%
Extraordinary result	-3,440,008 €	23.0%	-4,467,800 €	-178.8%	-1,602,667 €	0 €	0%
- Employee profit sharing	3,237,038	-22.7%	4,185,416	25.6%	3,333,565
- Tax on profits	12,615,933	-14.7%	14,781,869	28.3%	11,525,207
Net result	22,834,508 €	-11.7%	25,853,138 €	23.6%	20,917,065 €	1,707 €	1337598.2%
	4.62 % CA	-19.8%	5.76 % CA	5.7%	5.45 % CA	0.83 % CA	456.6%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Total number of Invoices available

47

Total number of Invoices paid within or up to 30 days after the due date	8
Total number of Invoices paid more than 30 days after the due date	3
Total number of Invoices currently outstanding where the due date has not yet been reached	36
Total number of Invoices currently outstanding beyond the due date	0
No social security and tax office preferential right to date

Employees

2 000 to 4 999 employees

-

-

Establishment details

Trade name	MAISONS DU MONDE
Activity (APE)	Retail sale of other household equipment ( 4759B )	Business Pages FT®	CADEAUX, SOUVENIRS (DETAIL)
Postal Address	MAISONS DU MONDE 12 LE PORTEREAU 44120 VERTOU	Trading Address	12 LE PORTEREAU 44120 VERTOU
Telephone	02 51 71 17 17
Fax	02 51 71 17 17

Type	Head office	Status	Economically active
Formation Date	08/2003	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Other	Activity Location	Other
Location surface		Seasonality

Department	Loire-Atlantique (44)	Region	Pays de La Loire
District	2	Area	46
City	VERTOU	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	201 branch entities in this company
Head office	> MAISONS DU MONDE <<<  - Commerce de détail d'autres équipements du foyer (4759B)  in VERTOU  (44120)
Secondary establishments	>  MAISONS DU MONDE - Commerce de détail d'autres équipements du foyer (4759B)  in MOULINS LES METZ  (57160) > MAISONS DU MONDE  - Commerce de détail d'autres équipements du foyer (4759B)  in DECHY  (59187) >  MAISONS DU MONDE - Commerce de détail d'autres équipements du foyer (4759B)  in DOUARNENEZ  (29100) >  MAISONS DU MONDE - Commerce de détail d'autres équipements du foyer (4759B)  in VITRE  (35500) > ...

Regionality	Legal unit with multiple establishments in many areas but no one grouping more than 50% of workforce
Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 80 to 99% of workforce

Workforces

Workforce at address

250 to 499 employees

Company workforce

2 000 to 4 999 employees

Preferential rights details and history

Summary of preferential rights

Company monitored since	02/04/2008
Status of Monitoring	No social security and tax office preferential right to date

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
19/11/2014	Bodacc A	Vente et cession : Acheteur
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 380 - 383 196 656 RCS Nantes. MAISONS DU MONDE. Forme : Société par actions simplifiée. Capital : 57375590 EUR. Adresse : Lieu-Dit le Portereau, 44120 Vertou. Date de commencement de l’activité : 01/01/0001. Oppositions : Article L.236-14 du code de commerce. Descriptif : AVIS DE FUSION(article R.236-2 du Code de commerce)- La Soci¿t¿ MAISONS DU MONDE, soci¿t¿ par actions simplifi¿e au capital de 57.375.590 Euros, dont le si¿ge social est situ¿ Le Portereau - 44120 Vertou, immatricul¿e au Registre du commerce et des soci¿t¿s de Nantes sous le num¿ro unique d'identification 383 196 656, repr¿sent¿e par son Pr¿sident, Monsieur Xavier Marie,et- La Soci¿t¿ MAISONS DU MONDE AMIENS, soci¿t¿ par actions simplifi¿e au capital de 155.000 Euros, dont le si¿ge social est situ¿ Le Portereau - 44120 Vertou, immatricul¿e au Registre du commerce et des soci¿t¿s de Nantes sous le num¿ro unique d'identification 711 720 482, repr¿sent¿e par son Pr¿sident, Monsieur Xavier Marie,ont ¿tabli un projet de trait¿ de fusion par voie d'absorption de la Soci¿t¿ MAISONS DU MONDE AMIENS par la Soci¿t¿ MAISONS DU MONDE.Les termes et conditions de la fusion ont ¿t¿ ¿tablis sur la base des comptes des exercices clos le 31 d¿cembre 2013, date de cl¿ture du dernier exercice social de chacune des Soci¿t¿s int¿ress¿es, et d'un ¿tat comptable interm¿diaire arr¿t¿ ¿ la date du 30 septembre 2014 pour chacune des Soci¿t¿ int¿ress¿es.Les modalit¿s sont les suivantes :1. Evaluation de l'actif et du passifL'actif total apport¿ par la Soci¿t¿ MAISONS DU MONDE AMIENS s'¿l¿ve ¿ la somme de 867.666,78 euros, le total du passif de la Soci¿t¿ MAISONS DU MONDE AMIENS pris en charge s'¿l¿ve ¿ la somme de 480.013,25 euros, le montant total de l'actif net apport¿ par la Soci¿t¿ MAISONS DU MONDE AMIENS s'¿l¿ve ¿ 387.653,53 euros.2. Rapport d'¿change des droits sociauxFusion simplifi¿e - sans objet3. Mali de fusionLa somme de 589.227,47 euros, constitue un mali de fusion. Ce mali de fusion sera r¿parti entre :- un mali technique, repr¿sentatif des plus-values latentes sur l'actif net apport¿ par la Soci¿t¿ MAISONS DU MONDE AMIENS, soit un montant de 584.427,47 euros. Ce mali technique sera inscrit en totalit¿ ¿ un compte d'actif ¿ fonds commercial ¿ dans un sous compte ¿ mali de fusion ¿ du bilan de la Soci¿t¿ MAISONS DU MONDE ; et- pour le reliquat, un mali r¿el d'un montant de 4.800 euros, correspondant aux frais d'acquisition. Ce mali r¿el sera constat¿ en charges financi¿res dans le compte de r¿sultat de la Soci¿t¿ MAISONS DU MONDE.4. Date du projetLe projet de trait¿ de fusion a ¿t¿ sign¿ le 4 novembre 2014 et d¿pos¿ au greffe du Tribunal de Commerce de NANTES le 7 novembre 2014Le projet de trait¿ de fusion est disponible au si¿ge social de chacune des soci¿t¿s participantes. Commentaires : Autre achat, apport, attribution.
04/08/2014	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 4173 - 383196656 RCS. MAISONS DU MONDE. Forme : Société par actions simplifiée. Adresse : Lieu-Dit le Portereau 44120 Vertou. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
14/03/2014	JAL	Start of rent-management
Picardie La Gazette Date de décision : 01/03/2014 Bailleur : 711720482 - ETABLISSEMENTS LALISSE, FLY LA BOITE A MEUBLES, AV DE GRECE, VALLEE DES VIGNES, 80090 AMIENS Locataire gérant : 383196656 - MAISONS DU MONDE, MAISONS DU MONDE, 12 LE PORTEREAU, 44120 VERTOU Date d’effet : 01/03/2014 pour une durée de 1 mois
27/09/2013	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 5381 - 383196656 RCS. MAISONS DU MONDE. Forme : Société par actions simplifiée. Adresse : 44120 Vertou. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
15/08/2012	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 5199 - 383196656 RCS. MAISONS DU MONDE. Forme : Société par actions simplifiée. Adresse : 44120 Vertou. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
09/03/2012	Bodacc B	Modification et mutation diverse
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 1241 - 383 196 656 RCS Nantes. MAISONS DU MONDE. Forme : Société par actions simplifiée. Capital : 57375590 EUR. Activité : . Adresse du siège social : Lieu-Dit le Portereau, 44120 Vertou. Commentaires : modification survenue sur le capital (augmentation).
10/02/2012	JAL	Modification of the share capital
Informateur judiciaire (L') Date de décision : 29/12/2011 La société : 383196656 - MAISONS DU MONDE, 12 LE PORTEREAU, 44120 VERTOU a subi une augmentation de son capital social désormais de 57 375 590 € Date d'effet : 29/12/2011
27/09/2010	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 6052 - 383196656 RCS. MAISONS DU MONDE. Forme : Société par actions simplifiée. Adresse : lieu-dit le Portereau 44120 Vertou. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
24/09/2009	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 3486 - 383196656 RCS. MAISONS DU MONDE. Forme : Société par actions simplifiée. Adresse : lieu-dit le Portereau 44120 Vertou. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
12/12/2008	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 3891 - 383196656 RCS. MAISONS DU MONDE. Forme : Société par actions simplifiée. Adresse : lieu-dit le Portereau 44120 Vertou. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
27/04/2008	Bodacc A	Vente et cession : Acheteur
22 - COTES-D'ARMOR GREFFE DU TRIBUNAL DE COMMERCE DE SAINT-BRIEUC 266 - 383 196 656 RCS Saint-Brieuc. MAISONS DU MONDE. Forme : Société par actions simplifiée. Adresse : ldt le Portereau, 44120 Vertou. Origine du fonds : acquis par achat au prix stipulé de 300000 Euros. Etablissement : Etablissement complémentaire. Activité : Équipement de la maison, meubles et objets de décoration, art de la table, linge et textile de maison. Adresse : 4 rue des Grignons, la Fontenelle, 22360 Langueux. Précédent propriétaire : MEUBLES ET SENTEURS. 481 163 715 RCS Saint-Brieuc. Date de commencement de l’activité : 11/02/2008. Publication légale : Paysan breton du 22/02/2008. Oppositions : SARL MEUBLES ET SENTEURS 7, rue du Lac zac de l'Ecluse 22120 Yffiniac. Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
20/09/2007	Bodacc C	Avis de dépôt des comptes
4420 - 383 196 656. RCS Nantes MAISONS DU MONDE. Forme: Société par actions simplifiée. Adresse du siège social: lieu-dit le Portereau 44120 Vertou. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
21/02/2007	Bodacc A	Vente et cession
0832 - RCS B 383 196 656. RC 04-B 20621. MAISONS DU MONDE. Forme : S.A.S. Adresse du siège social : lieudit Le Portereau, 44120 Vertou. Etablissement secondaire - Activité : vente de tous produits d'ameublement, de décoration, d'équipement de la maison, de cadeaux et de jouets. Adresse : 53-55 et 57 avenue d'Italie, 75013 Paris. Etablissement secondaire acquis par achat au prix stipulé de 1 085 000 euros. Date de début d'activité : 1er octobre 2006. Précédent propriétaire : PIER IMPORT EUROPE. RCS 702 013 921. Publication légale : Les Petites affiches du 12 octobre 2006. Oppositions : Me Hatte (Jean-Michel), avocat à la Cour, 6 rue de la Trémoille, 75008 Paris, pour la validité.
21/12/2006	Bodacc A	Vente et cession
0103 - RCS B 383 196 656. RC 06-B 334. MAISONS DU MONDE. Forme : S.A. Activité : équipement de la maison, meubles, objets de décoration, articles d'art de la table, linge et textile de maison. Adresse du siège social : lieudit Le Portereau, 44120 Vertou. Etablissement secondaire - Activité : vente de meubles, de produits, de matériels pour l'équipement de la personne et de la maison. Adresse : 854 route d'Orléans, 18230 Saint-Doulchard. Fonds secondaire acquis par achat au prix stipulé de 180 000 euros. Date de début d'activité : 30 juin 2006. Date d'effet : 5 mai 2006. Précédent propriétaire : PALM INTERNATIONAL. RCS 444 796 064. Publication légale : Le Courrier français du 19 mai 2006. Oppositions : S.C.P. P. Duterrail et Bullo-Scattolin A.-S., notaires associés, 8 bis rue Blanche-Baron, 18100 Vierzon.
13/08/2006	Bodacc B	Modifications et mutations diverses
1121 - RCS Nantes B 383 196 656. RC 03-B 1319. MAISONS DU MONDE. Forme : S.A.S. Capital : 7 375 590 euros. Adresse du siège social : lieudit Le Portereau,, 44120 Administration : président : MARIE (Xavier, Charles, Maurice). Commissaire aux comptes titulaire : EXCO BRETAGNE-A.B.O. Commissaire aux comptes suppléant : TREVIEN (Bernard). Ancienne administration : anciens administrateurs : Mme FILOCHE, née NICOL (Catherine) Mlle BRISSON (Julie). Ancien président du conseil d'administration : MARIE (Xavier, Charles, Maurice). Etablissement principal - Activité : acquisition, gestion de valeurs mobilières et prestations de services administratives achat, vente en gros, en demi-gros ou au détail, import-export de toutes marchandises et toutes annexes s'y rapportant. Marchand de biens . Adresse : lieudit Le Portereau, 44120 Date d'effet : 21 avril 2006.
11/08/2006	Bodacc B	Modifications et mutations diverses
1216 - RCS Nantes B 383 196 656. RC 03-B 1319. MAISONS DU MONDE. Forme : S.A. à conseil d'administration. Capital : 7 375 590 euros. Adresse du siège social : lieudit Le Portereau,, 44120 Administration : président du conseil d'administration et directeur général : MARIE (Xavier, Charles, Maurice). Administrateurs : Mme FILOCHE, née NICOL (Catherine) Mlle BRISSON (Julie). Commissaire aux comptes titulaire : EXCO BRETAGNE-A.B.O. Commissaire aux comptes suppléant : TREVIEN (Bernard). Ancienne administration : ancien commissaire aux comptes titulaire : BLECON (Jean). Anciens commissaires aux comptes suppléants : LE LANN (Thierry) STE ACE. Etablissement principal - Activité : acquisition, gestion de valeurs mobilières et prestations de services administratifs achat, vente en gros, en demi-gros ou au détail de toutes marchandises. Import-export de toutes marchandises et toutes annexes s'y rapportant. Marchand de biens. Acquisition, gestion de valeurs mobilières et prestations de services administratifs . Adresse : lieudit Le Portereau, 44120 Date d'effet : 31 décembre 2005.
28/07/2006	Bodacc C	Avis de dépôt des comptes
1958 - RCS Nantes B 383 196 656. RC 03-B 1319. MAISONS DU MONDE. Forme: S.A. à conseil d'administration . Adresse du siège social: lieudit le Portereau,44120 Vertou. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
20/11/2005	Bodacc B	Modifications et mutations diverses
1175 - RCS Nantes B 383 196 656. RC 03-B 1319. MAISONS DU MONDE. Forme : S.A. à conseil d'administration. Capital : 7 375 590 euros. Adresse du siège social : lieudit Le Portereau,, 44120 Administration : président du conseil d'administration et directeur général : MARIE (Xavier). Administrateurs : Mme FILOCHE, née NICOL (Catherine) Mlle BRISSON (Julie). Commissaires aux comptes titulaires : BLECON (Jean) EXCO BRETAGNE-A.B.O. Commissaires aux comptes suppléants : LE LANN (Thierry) STE ACE. Ancienne administration : anciens administrateurs : Mme MARIE, née TALEC (Véronique, Marie, Pascale) MARIE (Maurice, Emilie) Mme MARIE, née PAUBET (Anne). Etablissement principal - Activité : acquisition, gestion de valeurs mobilières, prestations de services administratifs achat, vente en gros, en demi-gros et au détail de toutes marchandises. Import-export de toutes marchandises et toutes annexes s'y rapportant. Marchand de biens. Acquisition, gestion de valeurs mobilières et prestations de services administratifs . Adresse : lieudit Le Portereau, 44120 Date d'effet : 28 juillet 2005.
14/08/2005	Bodacc C	Avis de dépôt des comptes
987 - RCS Nantes B 383 196 656. RC 03-B 1319. MAISONS DU MONDE. Forme: S.A. à conseil d'administration . Adresse du siège social: lieudit le Portereau,44120 Vertou. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
17/11/2004	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Nantes B 383196656 RC 03-B 1319 GROUPE XM. Forme : S.A. à conseil d' administration. Capital : 7 375 590 euros. Adresse : lieudit Le Portereau, 44120 Vertou Nouvelle situation du siège social dénomination: MAISONS DU MONDE Etablissement principal: Activité : acquisition, gestion de valeurs mobilières et prestations de services administratifs. Adresse : lieudit Le Portereau, 44120 Vertou ETABLISSEMENT PRINCIPAL nouvelle situation Adjonction d'activité: achat, vente en gros, en demi-gros et au détail de toutes marchandises import-export de toutes marchandises et toutes annexes s'y rapportant. Marchand de biens. Date d'effet : 30 septembre 2004.
29/10/2004	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Nantes B 383196656 RC 03-B 1319 GROUPE XM. Forme : S.A. à conseil d' administration. Capital : 7 108 720 euros. Adresse : lieudit Le Portereau, 44120 Vertou Nouvelle situation du siège social. Capital : 7 375 590 euros Etablissement principal: Activité : acquisition, gestion de valeurs mobilières et prestations de services administratives. Adresse : lieudit Le Portereau, 44120 Vertou. Date d'effet : 1 e r septembre 2004.
28/10/2003	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Nantes B 383196656 RC 03-B 1319 GROUPE XM. Forme : S.A. à conseil d' administration. Capital : 6 806 930 euros. Adresse : lieudit Le Portereau, 44120 Vertou Nouvelle situation du siège social. Capital : 7 108 720 euros Etablissement principal: Activité : acquisition, gestion de valeurs mobilières et prestations de services administratives. Adresse : lieudit Le Portereau, 44120 Vertou. Date d'effet : 19 septembre 2003.
15/10/2003	Bodacc B	Modifications et mutations diverses
RCS Brest B 383196656 RC 91-B 342 GROUPE X.M. Forme : S.A. Adresse du siège social : immeuble La Vigie, 20 quai du Commandant-Malbert, 29200 Brest Date de radiation: 18 aout 2003. Commentaires : pour cause de transfert.
14/09/2003	Bodacc B	Modifications et mutations diverses
RCS Nantes B 383196656 A dater du: 2 septembre 2003 RC 03-B 1319 GROUPE XM. Forme : S.A. à conseil d'administration. Capital : 6 806 930 euros. Adresse du siège social : lieudit Le Portereau, 44120 Vertou. Administration : président du conseil d'administration et directeur général : MARIE (Xavier, Charles, Maurice). Administrateurs : M m e MARIE, née TALEC (Véronique, Marie, Pascale) MARIE (Maurice, Emilie) M m e MARIE, née PAUBET (Anne). Commissaires aux comptes titulaires : BLECON (Jean) EXCO BRETAGNE, A.B.O. Commissaires aux comptes suppléants : LE LANN (Thierry) STE ACE Etablissement principal: Activité : acquisition, gestion de valeurs mobilières et prestations de services administratifs. Adresse : lieudit Le Portereau, 44120 Vertou. Commentaires : transfert du siège social et de l' établissement principal de l'immeuble La Vigie, 20 quai du Commandant-Albert, 29200 Brest. Date d'effet : 18 aout 2003.
20/06/2003	Bodacc B	Modifications et mutations diverses
RCS Brest B 383196656 RC 91-B 342 GROUPE X.M. Forme : S.A. Capital : 6 806 930 euros. Adresse du siège social : immeuble La Vigie, 20 quai du Commandant-Malbert, 29200 Brest. Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 31 mars 2003.
15/01/2003	Bodacc B	Modifications et mutations diverses
RCS Brest B 383196656 RC 91-B 342 GROUPE X.M. Forme : S.A. Capital : 5 801 690 euros. Adresse du siège social : immeuble La Vigie, 20 quai Commandant- Malbert, 29200 Brest. Commentaires : modification survenue sur le capital ( augmentation). Date d'effet : 25 septembre 2002.
25/04/2001	Bodacc B	Modifications et mutations diverses
RCS Brest B 383196656 RC 91-B 342 GROUPE X.M. Forme : S.A. Capital : 5 500 000 euros. Adresse du siège social : immeuble La Vigie, 20 quai du Commandant-Malbert, 29200 Brest. Commentaires : modification survenue sur le capital (augmentation et conversion en euros). Date d'effet : 20 février 2001.
11/07/1999	Bodacc B	Modifications et mutations diverses
RCS Brest B 383196656 RC 91-B 342 GROUPE X.M. Forme : S.A. Adresse du siège social : immeuble La Vigie, 20 quai du Commandant-Malbert, 29200 Brest. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : immeuble La Vigie, 20 quai du Commandant-Malbert, 29200 Brest. Date d'effet : 5 janvier 1999.
25/07/1998	Bodacc B	Modifications et mutations diverses
RCS Brest B 383 196 656 RC 91-B 342 GROUPE X.M. Forme : S.A. Capital : 35 625 300 F (fixe). Adresse du siège social : batiment Grand-Large, port de commerce, 29200 Brest. Administration : ancien administrateur : KERMOAL (Jean-Yves) à compter du:1er février 1998 Nomination en qualité d'administrateur de Mme ANNE MARIE. Date d'effet : 25 février 1998.
05/11/1997	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Brest B 383 196 656 RC 91-B 342 GROUPE X.M. Forme : S.A. Capital : 33 250 000 F. Adresse : Port de commerce, batiment Grand Large 29200 Brest Nouvelle situation du siège social. Capital : 35 625 300 F. Administration : nouveau co- commissaire aux comptes titulaire : S.A. AUDIT BRETAGNE OUEST, en remplacement de BERDER (Alain). Nouveau co- commissaire aux comptes suppléant : LE LANN (Thierry), en remplacement de LE CHAPELIER (Michel). Date d'effet : 1er aout 1997.
06/03/1996	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Brest b 383196656 RC 91-b 342 xm finances. Forme : S.A. Capital : 33 250 000 F (fixe). Adresse : port de commerce, batiment Grand-Large, 29200 Brest Nouvelle situation du siège social dénomination: groupe xm. Date d'effet : 26décembre1995.
09/11/1995	Bodacc B	Modifications et mutations diverses
RCS Brest B 383 196 656 RC 91-B 342 X.M. FINANCES. Forme : S.A. Capital : 33 250 000 F. Adresse du siège social : Port de commerce, batiment Grand Large 29200 Brest. Administration : nomination d'un administrateur : KERMOAL (Jean-Yves). Nomination d'un deuxième commissaire aux comptes titulaire : BERDER (Alain). Nomination d'un deuxième commissaire aux comptes suppléant : LE CHAPELIER ( Michel). Date d'effet : 24 février 1995.

Company events history

Date	Description
06/12/2014	New ultimate parent
19/11/2014	Bodacc A : Sale and transfer
07/11/2014	Planned merger
12/09/2014	Payment incident closed
19/08/2014	Payment incident detected
06/08/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
04/08/2014	Bodacc C : Deposit accounts notice
04/07/2014	New participations in other companies
16/06/2014	Modification to Establishment Address or Identifier
05/04/2014	Formation of Establishment
05/04/2014	Other modification of Establishment
01/03/2014	Legal Gazette: Start of rent-management
31/12/2013	New accounts available
27/09/2013	Update Limit
27/09/2013	Update Rating
27/09/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
27/09/2013	Bodacc C : Deposit accounts notice
06/04/2013	Formation of Establishment
31/12/2012	New accounts available
25/12/2012	Payment incident closed
15/08/2012	Bodacc C : Deposit accounts notice
03/08/2012	Disengagement of the group
10/07/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
05/05/2012	Formation of Establishment
09/03/2012	Bodacc B: Various editing or changing
24/02/2012	Payment incident detected
23/02/2012	Minutes of general meeting of shareholders
23/02/2012	Updated articles of association
23/02/2012	Capital increase
31/12/2011	New accounts available
29/12/2011	Legal Gazette: Modification of the share capital
29/12/2011	Other modification of Establishment
02/09/2011	New shareholders detected
02/09/2011	New subsidiarie(s) detected
02/09/2011	New parent detected
10/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/04/2011	New subsidiarie(s) detected
26/03/2011	Formation of Establishment
26/02/2011	Formation of Establishment
31/12/2010	New accounts available
15/10/2010	New shareholders detected
27/09/2010	Bodacc C : Deposit accounts notice
09/07/2010	Disengagement of the group
09/07/2010	New subsidiarie(s) detected
09/07/2010	New ultimate parent
09/07/2010	New parent detected
30/04/2010	Closure of Establishment
20/02/2010	Update of Company Workforce
20/02/2010	Formation of Establishment
31/12/2009	New accounts available
24/09/2009	Bodacc C : Deposit accounts notice
29/04/2009	Collection of preferential rights activated for this company
31/12/2008	New accounts available
12/12/2008	Bodacc C : Deposit accounts notice
12/11/2008	Formation of Establishment
15/09/2008	Payment incident closed
23/08/2008	Formation of Establishment
12/08/2008	Payment incident detected
27/04/2008	Bodacc A : Sale and transfer
27/04/2008	New Bodacc A ads detected
02/04/2008	Collection of preferential rights activated for this company
31/12/2007	New accounts available
11/12/2007	Formation of Establishment
01/12/2007	Formation of Establishment
24/10/2007	Formation of Establishment
16/08/2007	Formation of Establishment
28/07/2007	Formation of Establishment
31/12/2006	New accounts available
13/07/2006	Changement de Forme Juridique avec changement de catégorie
13/07/2006	Changement de Forme Juridique sans changement de catégorie
13/07/2006	New legal form – no new category
13/07/2006	Changement de Président (PDG, PCA)
13/07/2006	Acte sous seing privé
13/07/2006	Private document
13/07/2006	Appointment/resignation of company officers
13/07/2006	Nomination/démission des organes de gestion
13/07/2006	Minutes of general meeting of shareholders
13/07/2006	PV d'Assemblée
13/07/2006	Statuts mis à jour
13/07/2006	Updated articles of association
12/07/2006	Minutes of general meeting of shareholders
12/07/2006	PV d'Assemblée
12/07/2006	Changement de Commissaire aux Comptes
12/07/2006	New auditor
12/07/2006	Nomination/démission des organes de gestion
12/07/2006	Acte sous seing privé
12/07/2006	Private document
12/07/2006	Appointment/resignation of company officers
12/07/2006	Acte modificatif
31/12/2005	New accounts available
21/10/2005	Modification du Conseil d'Administration
21/10/2005	PV du Conseil d'Administration
21/10/2005	Private document
21/10/2005	Acte sous seing privé
21/10/2005	Minutes of Board meeting
21/10/2005	PV d'Assemblée
21/10/2005	Updated articles of association
21/10/2005	Nomination/démission des organes de gestion
21/10/2005	Acte modificatif
21/10/2005	Minutes of general meeting of shareholders
21/10/2005	Conversion du Capital Social en Euros
21/10/2005	Conversion of equity to euro
21/10/2005	Changement de Président (PDG, PCA)
21/10/2005	Appointment/resignation of company officers
21/10/2005	Statuts mis à jour
07/02/2005	Déclaration de conformité
07/02/2005	Declaration of conformity
07/02/2005	Private document
07/02/2005	Acte sous seing privé
07/02/2005	Fusion
07/02/2005	Acte modificatif
07/02/2005	Minutes of general meeting of shareholders
07/02/2005	PV d'Assemblée
31/12/2004	New accounts available
30/11/2004	Audit or Management Report
30/11/2004	Rapport des Commissaires ou du Gérant
30/11/2004	Acte sous seing privé
30/11/2004	Private document
22/11/2004	Acte sous seing privé
22/11/2004	Private document
22/11/2004	Planned merger
22/11/2004	Projet de Fusion
26/10/2004	Updated articles of association
26/10/2004	Statuts mis à jour
26/10/2004	PV du Conseil d'Administration
26/10/2004	Minutes of Board meeting
26/10/2004	Déclaration de conformité
26/10/2004	Minutes of general meeting of shareholders
26/10/2004	PV d'Assemblée
26/10/2004	Private document
26/10/2004	Acte sous seing privé
26/10/2004	New company name
26/10/2004	Changement de dénomination sociale
26/10/2004	Modification de l'objet social
26/10/2004	Change to corporate purpose
26/10/2004	Fusion
26/10/2004	Acte modificatif
21/10/2004	Requête et Ordonnance
21/10/2004	Acte modificatif
21/10/2004	Application and court order
14/10/2004	Minutes of Board meeting
14/10/2004	Updated articles of association
14/10/2004	Statuts mis à jour
14/10/2004	Acte modificatif
14/10/2004	Augmentation de Capital
14/10/2004	Private document
14/10/2004	Acte sous seing privé
14/10/2004	PV du Conseil d'Administration
28/07/2004	Private document
28/07/2004	Acte sous seing privé
28/07/2004	Rapport des Commissaires ou du Gérant
28/07/2004	Audit or Management Report
13/07/2004	Projet de Fusion
13/07/2004	Private document
13/07/2004	Acte sous seing privé
13/07/2004	Acte modificatif
13/07/2004	Fusion
13/07/2004	Planned merger
30/04/2004	Requête et Ordonnance
31/12/2003	New accounts available
16/10/2003	PV d'Assemblée
16/10/2003	PV du Conseil d'Administration
16/10/2003	Statuts mis à jour
16/10/2003	Acte modificatif
16/10/2003	Augmentation de Capital
16/10/2003	Changement de date de clôture
16/10/2003	Acte sous seing privé
02/09/2003	PV d'Assemblée
02/09/2003	Transfert du Siège dans le ressort du Tribunal de Commerce
02/09/2003	Immatriculation suite à transfert
02/09/2003	Statuts mis à jour
02/09/2003	Acte sous seing privé
22/05/2003	PV du Conseil d'Administration
22/05/2003	Acte sous seing privé
22/05/2003	Acte modificatif
22/05/2003	PV d'Assemblée
22/05/2003	Statuts mis à jour
21/03/2003	Acte modificatif
21/03/2003	Acte sous seing privé
21/03/2003	Rapport des Commissaires ou du Gérant
21/01/2003	Acte modificatif
21/01/2003	Requête et Ordonnance
19/12/2002	Statuts mis à jour
19/12/2002	PV du Conseil d'Administration
19/12/2002	PV d'Assemblée
19/12/2002	Acte sous seing privé
19/12/2002	Augmentation de Capital
11/10/2002	Statuts mis à jour
11/10/2002	Acte modificatif
11/10/2002	PV d'Assemblée
11/10/2002	Nomination/démission des organes de gestion
11/10/2002	Augmentation de Capital
11/10/2002	Acte sous seing privé
11/10/2002	PV du Conseil d'Administration
09/07/2002	Rapport des Commissaires ou du Gérant
09/07/2002	Acte sous seing privé
09/07/2002	Acte modificatif
09/07/2002	PV d'Assemblée
28/03/2001	PV d'Assemblée
28/03/2001	Augmentation de Capital
28/03/2001	Acte modificatif
28/03/2001	Conversion du Capital Social en Euros
28/03/2001	Acte sous seing privé
28/03/2001	Statuts mis à jour
15/06/1999	Statuts mis à jour
15/06/1999	Acte sous seing privé
15/06/1999	Transfert du Siège dans le ressort du Tribunal de Commerce
15/06/1999	PV d'Assemblée
28/05/1998	PV d'Assemblée
28/05/1998	Nomination/démission des organes de gestion
28/05/1998	Acte sous seing privé
28/05/1998	Modification du Conseil d'Administration
14/01/1998	Acte sous seing privé
14/01/1998	PV d'Assemblée
14/01/1998	Statuts mis à jour
14/01/1998	Acte modificatif
08/12/1997	Rapport des Commissaires ou du Gérant
08/12/1997	Acte modificatif
08/12/1997	Acte sous seing privé
20/11/1997	Fusion
20/11/1997	Requête et Ordonnance
20/11/1997	Acte modificatif
20/11/1997	Acte sous seing privé
01/10/1997	Nomination/démission des organes de gestion
01/10/1997	Certificat de dépôt des fonds
01/10/1997	Acte modificatif
01/10/1997	Augmentation de Capital
01/10/1997	PV d'Assemblée
01/10/1997	Acte sous seing privé
01/10/1997	Changement de Commissaire aux Comptes
01/10/1997	Statuts mis à jour
22/09/1997	PV d'Assemblée
22/09/1997	Augmentation de Capital
22/09/1997	Acte modificatif
22/09/1997	Nomination/démission des organes de gestion
22/09/1997	Acte sous seing privé
23/07/1997	Rapport des Commissaires ou du Gérant
23/07/1997	Acte sous seing privé
23/07/1997	Acte modificatif
22/07/1997	Acte sous seing privé
22/07/1997	Requête et Ordonnance
22/07/1997	Acte modificatif
30/01/1996	PV d'Assemblée
30/01/1996	Changement de dénomination sociale
30/01/1996	Statuts mis à jour
10/10/1995	PV d'Assemblée
10/10/1995	Nomination/démission des organes de gestion
10/10/1995	Modification du Conseil d'Administration
10/10/1995	Acte modificatif
24/01/1995	Statuts mis à jour
24/01/1995	Changement de date de clôture
24/01/1995	Prorogation de durée
24/01/1995	PV d'Assemblée
19/02/1992	Statuts mis à jour
19/02/1992	PV d'Assemblée
19/02/1992	Déclaration de conformité
19/02/1992	Acte sous seing privé
19/02/1992	Augmentation de Capital
19/02/1992	Acte modificatif
03/12/1991	Acte modificatif

NOTES & COMMENTS

N/A

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.32
UK Pound	1	Rs.98.68
Euro	1	Rs.78.11

INFORMATION DETAILS

Analysis Done by :	SUM
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.