MIRA INFORM REPORT

Report Date :

05.02.2014

IDENTIFICATION DETAILS

Name :	GELPECHE
Registered Office :	Gelpeche Da2 Nantes Atlantique Rue Rene Fonck 44860 Saint Aignan Grandlieu
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	December 1984
Legal Form :	Simplified joint stock company
Line of Business :	Wholesale of frozen products
No. of Employees :	Not Available

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, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
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 79 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 reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011, before stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 10.3% in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high unemployment costs have strained France's public finances. The budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.8% of GDP in 2012, while France's public debt rose from 68% of GDP to 90% over the same period. Under President SARKOZY, Paris implemented some austerity measures to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt. Socialist Party candidate Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, and hiring an additional 60,000 teachers during his five-year term. The government's attempt to introduce a 75% wealth tax on income over one million euros for two years was struck down by the French Constitutional Council in December 2012 because it applied to individuals rather than households. France ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's government has maintained France's commitment to meeting the budget deficit target of 3% of GDP during 2013 even amid signs that economic growth will be lower than the government's forecast of 0.8%. Despite stagnant growth and fiscal challenges, France's borrowing costs declined during the second half of 2012 to euro-era lows

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Name

GELPECHE

SIRET

331 258 772 00028

Personal comment

company summary

EUR VAT Number	FR76331258772
Activity (APE)	Wholesale (intercompany trade) of frozen products (4639A)	Legal form	Simplified joint stock company
Phone	02 51 70 63 23	RCS Registration	RCS Nantes 8 331 258 772
Fax
Address	GELPECHE DA2 NANTES ATLANTIQUE RUE RENE FONCK 44860 SAINT AIGNAN GRANDLIEU	Incorporated Date	12/1984
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Directors

Name	M. BESNARDEAU GUY DANIEL PAUL
Manager position	President	Date of birth	09/06/1944
Place of birth	LA FONTAINE-SAINT-MARTIN (72330)
Type	Individual	Name at birth

Name	M. LEBOURG CÉDRIC SERGE
Manager position	Managing director	Date of birth	30/06/1974
Place of birth	BORDEAUX (33000)
Type	Individual	Name at birth

Previous Directors

View the directors history for this company
If you want to view the directors history, please click on the link view details.

Manager position	Title and name	Date of Birth/Place of Birth
President	M GUY DANIEL PAUL BESNARDEAU	09/06/1944 - 72 LA FONTAINE ST MARTIN
President	M GUY DANIEL PAUL BESNARDEAU	09/06/1944 - 73 MOUTIERS TARENTAISE
President	M GUY BESNARDEAU	09/06/1944 - LA FONTAINE SAINT MARTIN
Chairman of the Board	M GUY BESNARDEAU	09/06/1944 - LA FONTAINE SAINT MARTIN
Managing director	M ERIC BERGER	05/11/1960 - 73 MOUTIERS TARENTAISE
Managing director	M PASCAL DOLET	03/09/1962 - MONTAGNE AU PERCHE
Managing director	M PHILIPPE YVES GUIARD	30/07/1966 - 29 PONT-L'ABBE
Managing director	M FRANCK NGUYEN QUAC VINH	17/09/1967 - TOULOUSE
Administrator	STE ATLANTIQUE DE PARTICIPATIONS	20/11/1967 - NANTES

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

3,000,000 Euros

Shareholders

No Shareholders available for this company

PAYMENT INFORMATION

N/a

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

No group information available for the company

Linkages

No Linkages information available for the company

FINANCIAL INFORMATION

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	23,911,744 €	22,971,933 €	22,754,365 €
Gross Operating Surplus	0,13 % Turnover	1,13 % Turnover	0,41 % Turnover
Shareholders’ equity	3,916,936 €	2,877,683 €	2,994,994 €
Net result	39,253 €	-117,311 €	55,933 €

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	31/07/2013	31/08/2012	15/07/2011
Activity Code	4639A	4639A	4639A
Employees	0	0	14

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	24 087	-9,4%	26 576	-20,2%	33 316	85 001	-71,7%
- Intangible assets	0	0%	582	-80,5%	2 990	770,50	0%
- Tangible assets	520	-78,6%	2 427	-64,1%	6 759	27 212	-98,1%
- Financial assets	23 567	0%	23 567	0%	23 567	9 885,50	138,4%
Net current assets	12 268 943	7,5%	11 412 580	-9,2%	12 575 599	1 194 984	926,7%
- Stocks	7 733 662	-2,7%	7 947 913	-2,8%	8 178 508	235 014	3190,7%
- Advanced payments	0	7,5%	0	0%	418 646	0	0%
- Receivables	4 358 884	31,3%	3 319 945	-16,2%	3 963 748	657 130,50	563,3%
- Securities and cash	176 397	21,9%	144 722	884,7%	14 697	123 331	43,0%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	12 293 031	7,5%	11 439 156	-9,3%	12 608 917	1 304 053	842,7%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	3 916 936	36,1%	2 877 683	-3,9%	2 994 994	427 727,50	815,8%
Share capital	3 000 000	50,0%	2 000 000	0%	2 000 000	58 000	5072,4%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	8 376 095	-2,2%	8 561 473	-10,9%	9 613 924	819 411	922,2%
- Financial liabilities	2 803 144	-36,3%	4 398 316	-1,8%	4 479 608	93 734,50	2890,5%
- Advanced payments received	130 368	2072,8%	6 000	0%	0	0	0%
- Trade account payables	5 304 391	33,4%	3 977 121	-18,8%	4 895 174	507 614	945,0%
- Tax and social liabilities	129 619	-28,0%	180 036	-23,9%	236 585	99 761	29,9%
- Other debts and fixed assets liabilities	8 573	0%	0	0%	1 050	11 803	-27,4%
Account regularization	0	0%	0	0%	1 507	0	0%
Total liabilities	12 293 031	7,5%	11 439 156	-9,3%	12 608 917	1 304 053	842,7%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	24 178 723	4,8%	23 062 498	0,1%	23 029 737	4 824 953	401,1%
Net turnover	23 911 744	4,1%	22 971 933	1,0%	22 754 365	4 816 243,50	396,5%
- of which net export turnover	7 148 648	19,2%	5 998 794	0%	0	0	0%
Operating charges	23 987 200	4,5%	22 965 108	0,5%	22 848 668	4 747 896	405,2%
Operating profit/loss	191 523	96,7%	97 390	-46,2%	181 069	82 110	133,3%
Financial income	8 108	2474,0%	315	-98,5%	20 614	1 603,50	405,6%
Financial charges	151 101	-20,1%	189 068	29,3%	146 201	4 468	3281,8%
Financial profit/loss	-142 993	24,2%	-188 753	-50,3%	-125 587	-677,50	-21006,0%
Pretax net operating income	48 530	153,1%	-91 363	-264,7%	55 482	77 618	-37,5%
Extraordinary income	0	0%	0	0%	16 187	2 500	0%
Extraordinary charges	9 277	-64,2%	25 949	64,9%	15 737	1 685,50	450,4%
Extraordinary profit/loss	-9 277	64,2%	-25 949	-5866,4%	450	-20,50	-45153,7%
Net result	39 253	133,5%	-117 311	-309,7%	55 933	56 853,50	-31,0%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2012	31/12/2011	31/12/2010
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to VI)	Net	12 293 031	7,5%	11 439 156	-9,3%	12 608 917
Gross	CO	12 558 303	6,1%	11 839 584	-7,5%	12 804 690
Amortisation	1A	265 272	-33,8%	400 428	104,5%	195 773

Non declared distributed capital (I)

		31/12/2012		31/12/2011		31/12/2010
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		31/12/2012		31/12/2011		31/12/2010
Total Active fixed asset (II)	Net	24 087	-9,4%	26 576	-20,2%	33 316
Gross	BJ	152 788	0%	152 788	0%	152 788
Amortisation	BK	128 701	2,0%	126 212	5,6%	119 472

Intangible fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	582	-80,5%	2 990
	Gross	AF	38 183	0%	38 183	0%	38 183
	Amortisation	AG	38 183	1,5%	37 601	6,8%	35 193
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	0	0%	582	-80,5%	2 990

Tangible fixed assets

		31/12/2012		31/12/2011		31/12/2010
Lands	Net	0	0%	0	0%	0
Gross	AN	0	0%	0	0%	0
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	0	0%	0	0%	0
Gross	AP	0	0%	0	0%	0
Amortisation	AQ	0	0%	0	0%	0
Plant	Net	0	0%	0	0%	0
Gross	AR	31 884	0%	31 884	0%	31 884
Amortisation	AS	31 884	0%	31 884	0%	31 884
Other tangible fixed assets	Net	520	-78,6%	2 427	-64,1%	6 759
Gross	AT	59 154	0%	59 154	0%	59 154
Amortisation	AU	58 634	3,4%	56 727	8,3%	52 395
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	520		2 427		6 759

Financial assets

		31/12/2012		31/12/2011		31/12/2010
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	15	0%	15	0%	15
Gross	BB	15	0%	15	0%	15
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	23 552	0%	23 552	0%	23 552
Gross	BH	23 552	0%	23 552	0%	23 552
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		23 567		23 567		23 567

Current Assets (III)

		31/12/2012		31/12/2011		31/12/2010
Total Assets	Net	12 268 943	7,5%	11 412 580	-9,2%	12 575 599
Gross	CJ	12 405 514	6,1%	11 686 796	-7,6%	12 651 900
Amortisation	CK	136 571	-50,2%	274 216	259,4%	76 301

Stocks

		31/12/2012		31/12/2011		31/12/2010
Raw materials	Net	63 233	6,6%	59 306	41,7%	41 864
Gross	BL	63 233	6,6%	59 306	-17,5%	71 864
Amortisation	BM	0	0%	0	0%	30 000
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	7 670 429	-2,8%	7 888 607	-3,0%	8 136 644
Gross	BT	7 682 723	-4,9%	8 081 653	-0,7%	8 136 644
Amortisation	BU	12 294	-93,6%	193 046	0%	0
Sub Total Stocks	Net	7 733 662	-2,7%	7 947 913	-2,8%	8 178 508

Advance payments to suppliers

		31/12/2012		31/12/2011		31/12/2010
Advance payments to suppliers	Net	0	0%	0	0%	418 646
Gross	BV	0	0%	0	0%	418 646
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2012		31/12/2011		31/12/2010
Trade accounts receivable	Net	1 950 474	4,9%	1 859 656	-41,4%	3 172 272
Gross	BX	2 074 751	6,9%	1 940 826	-39,7%	3 218 573
Amortisation	BY	124 277	53,1%	81 170	75,3%	46 301
Other debtors	Net	2 296 254	71,5%	1 338 546	97,4%	677 966
Gross	BZ	2 296 254	71,5%	1 338 546	97,4%	677 966
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	4 246 728	32,8%	3 198 202	-16,9%	3 850 238

Divers

		31/12/2012		31/12/2011		31/12/2010
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	176 397	21,9%	144 722	884,7%	14 697
Gross	CF	176 397	21,9%	144 722	884,7%	14 697
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	176 397	21,9%	144 722	884,7%	14 697

Prepaid expenses

		31/12/2012		31/12/2011		31/12/2010
Prepaid expenses	Net	112 156	-7,9%	121 743	7,3%	113 510
Gross	CH	112 156	-7,9%	121 743	7,3%	113 510
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	01	0%	0	0%	0
Due after one year	CR	0	0%	318 125	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)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to V)	EE	12 293 031	7,5%	11 439 156	-9,3%	12 608 917

Shareholder Equity (I)

		31/12/2012		31/12/2011		31/12/2010
Total shareholders' equity (Total I)	DL	3 916 936	36,1%	2 877 683	-3,9%	2 994 994
Equity and shareholders' equity	DA	3 000 000	50,0%	2 000 000	0%	2 000 000
Issue and merger premiums	DB	0	0%	0	0%	0
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	145 608	0%	145 608	4,0%	140 015
Statutory or contractual reserve	DE	732 075	-13,8%	849 386	6,3%	799 046
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	0	0%	0	0%	0
Profit or loss for the period	DI	39 253	133,5%	-117 311	-309,7%	55 933
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		31/12/2012		31/12/2011		31/12/2010
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)

		31/12/2012		31/12/2011		31/12/2010
Total provisions for risks and charges (Total III)	DR	0	0%	0	0%	0
Risk provisions	DP	0	0%	0	0%	0
Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		31/12/2012		31/12/2011		31/12/2010
Total Liabilities (Total IV)	EC	8 376 095	-2,2%	8 561 473	-10,9%	9 613 924
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	538 246	-48,9%	1 053 099	-13,9%	1 222 978
Sundry loans and financial liabilities	DV	2 264 898	-32,3%	3 345 217	2,7%	3 256 630
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	130 368	2072,8%	6 000	0%	0
Trade accounts payables	DX	5 304 391	33,4%	3 977 121	-18,8%	4 895 174
Tax and social security liabilities	DY	129 619	-28,0%	180 036	-23,9%	236 585
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	8 573	0%	0	0%	1 050

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	0	0%	0	0%	1 507

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	8 169 149	-18,1%	9 979 590	0%	0
Of which current bank facilities	EH	210 641	-65,8%	615 681	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)

		31/12/2012		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	191 523	96,7%	97 390	-46,2%	181 069

2 - Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-142 993	24,2%	-188 753	-50,3%	-125 587

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

		31/12/2012		31/12/2011		31/12/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	48 530	153,1%	-91 363	-264,7%	55 482

4 - Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	-9 277	64,2%	-25 949	-5866,4%	450

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	39 253	133,5%	-117 311	-309,7%	55 933

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	24 186 831	4,9%	23 062 813	0,0%	23 066 538

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

		31/12/2012		31/12/2011		31/12/2010
Total charges (Total II+IV+VI+VIII+IX+X)	HM	24 147 578	4,2%	23 180 125	0,7%	23 010 606

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	24 178 723	4,8%	23 062 498	0,1%	23 029 737

Operating income (details)

		31/12/2012		31/12/2011		31/12/2010
Sale of goods for resale	FC	23 890 423	4,1%	22 952 498	1,2%	22 686 902
France	FA	16 743 244	-1,2%	16 953 704	-25,3%	22 686 902
Export	FB	7 147 179	19,1%	5 998 794	0%	0
Sale of goods produced	FF	0	0%	0	0%	0
France	FD	0	0%	0	0%	0
Export	FE	0	0%	0	0%	0
Sale of services	FI	21 321	9,7%	19 435	-71,2%	67 463
France	FG	19 852	2,1%	19 435	-71,2%	67 463
Export	FH	1 469	0%	0	0%	0
Net turnover	FL	23 911 744	4,1%	22 971 933	1,0%	22 754 365
France	FJ	16 763 096	-1,2%	16 973 139	-25,4%	22 754 365
Export	FK	7 148 648	19,2%	5 998 794	0%	0
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	10 000	66,7%	6 000	0%	6 000
Release of reserves and provisions	FP	210 085	248,0%	60 377	-77,2%	265 215
Other income	FQ	46 894	93,9%	24 188	481,9%	4 157

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	23 987 200	4,5%	22 965 108	0,5%	22 848 668

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	19 581 390	6,3%	18 425 718	-4,1%	19 205 365
Change in stocks of goods for resale	FT	398 930	625,4%	54 991	105,0%	-1 098 167
Purchase of raw materials	FU	24 465	-14,1%	28 487	5,4%	27 027
Change in stocks of raw materials	FV	-3 927	-131,3%	12 559	-48,6%	24 440
Other external purchases and charges	FW	3 107 370	-7,3%	3 351 566	-7,8%	3 636 938
Tax, duty and similar payments	FX	90 929	-3,5%	94 189	5,7%	89 135
Payroll	FY	465 036	-7,9%	504 894	-2,1%	515 720
Social security costs	FZ	227 377	-7,2%	245 144	-8,4%	267 511

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	2 489	-63,1%	6 740	-25,0%	8 981
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	66 283	-68,4%	209 755	378,5%	43 840
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	26 858	-13,5%	31 065	-75,7%	127 878

Operating charges (III-IV)

		31/12/2012		31/12/2011		31/12/2010
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)

		31/12/2012		31/12/2011		31/12/2010
Total financial income (Total V)	GP	8 108	2474,0%	315	-98,5%	20 614
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	35	-85,5%	242	-98,4%	14 933
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	8 073	10958,9%	73	-98,7%	5 681
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2012		31/12/2011		31/12/2010
Total financial charge (Total VI)	GU	151 101	-20,1%	189 068	29,3%	146 201
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	121 318	-19,2%	150 084	41,3%	106 237
Exchange losses	GS	29 783	-23,6%	38 984	-2,5%	39 964
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		31/12/2012		31/12/2011		31/12/2010
Total extraordinary income (Total VII)	HD	0	0%	0	0%	16 187
Extraordinary operating income	HA	0	0%	0	0%	16 187
Extraordinary income from capital transactions	HB	0	0%	0	0%	0
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		31/12/2012		31/12/2011		31/12/2010
Total extraordinary charges (Total VIII)	HH	9 277	-64,2%	25 949	64,9%	15 737
Extraordinary operating charges	HE	9 277	-64,2%	25 949	78,7%	14 521
Extraordinary charges from capital transactions	HF	0	0%	0	0%	1 216
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2012		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
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	6 157	-87,3%	48 537	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)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	OG	0	0%	0	0%	0
Increases due to revaluation	OH	0	0%	0	0%	0
Decreases, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreases by budget item transfer	OK1	0	0%	0	0%	0
Decreases by transfers	OK2	0	0%	0	0%	0
Gross value at the end of period	OL	152 789	0%	152 789	0%	152 789

Research and development Charge (Total I)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	CZ	0	0%	0	0%	0
Increases due to revaluation	KB	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreases by budget item transfer	C01	0	0%	0	0%	0
Decreases 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)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	KD	38 183	0%	38 183	2,4%	37 284
Increases due to revaluation	KE	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KF	0	0%	0	0%	900
Decreases by budget item transfer	LV1	0	0%	0	0%	0
Decreases by transfers	LV2	0	0%	0	0%	0
Gross value at the end of period	LW	38 183	0%	38 183	0,0%	38 184

Tangible fixed assets (Total III)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LN	91 037	0%	91 037	-26,1%	123 180
Increases due to revaluation	LO	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LP	0	0%	0	0%	-32 143
Decreases by budget item transfer	NG1	0	0%	0	0%	0
Decreases by transfers	NG2	0	0%	0	0%	0
Gross value at the end of period	NH	91 037	0%	91 037	0%	91 037

Financial assets (Total IV)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LQ	23 567	0%	23 567	52,6%	15 442
Increases due to revaluation	LR	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LS	0	0%	0	0%	8 125
Decreases by budget item transfer	NJ1	0	0%	0	0%	0
Decreases by transfers	NJ2	0	0%	0	0%	0
Gross value at the end of period	NK	23 567	0%	23 567	0%	23 567

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

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreases		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)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreases		PC	0	0%	0	0%	0
	Decreases by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	PE	37 601	6,8%	35 193	10,5%	31 855
Increases		PF	583	-75,8%	2 407	-27,9%	3 338
Decreases		PG	0	0%	0	0%	0
	Decreases by budget item transfer	PH	38 184	1,6%	37 600	6,8%	35 193

Total fixed assets amortisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	88 612	5,1%	84 279	-25,6%	113 274
Increases		QV	1 907	-56,0%	4 332	114,9%	-28 996
Decreases		QW	0	0%	0	0%	0
	Decreases by budget item transfer	QX	90 519	2,2%	88 611	5,1%	84 278

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2011		31/12/2010
	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
	Decreases by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2012		31/12/2011		31/12/2010
	Net value at beginning 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)

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning of period	7C	274 216	259,4%	76 301	-60,8%	194 747
Increases		UB	66 283	-68,4%	209 755	277,1%	-118 448
Decreases		UC	203 928	1622,4%	11 840	0%	0
	Value at the end of period	UD	136 571	-50,2%	274 216	259,4%	76 299

Includes Total allocations

Operating	UE	66 283	-68,4%	209 755	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	203 928	1622,4%	11 840	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning 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)

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at beginning of period	7B	274 216	259,4%	76 301	-60,8%	194 747
Increases		TY	66 283	-68,4%	209 755	277,1%	-118 446
Decreases		TZ	203 928	1622,4%	11 840	0%	0
	Value at the end of period	UA	136 571	-50,2%	274 216	259,4%	76 301

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	4 506 729	31,6%	3 424 682	-15,1%	4 033 617
1 year at most	VU	4 483 162	31,8%	3 401 115	-15,7%	4 033 617
More than one year	VV	23 567	0%	23 567	0%	0

State of loans

		31/12/2012		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	15	0%	15	0%	15
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	15
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	23 552	0%	23 552	0%	23 552
Other financial assets (1 year at most)	UV	0	0%	0	0%	23 552

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	192 690	-39,4%	318 125	244,0%	92 474
Other claims customer	UX	1 882 061	16,0%	1 622 701	-48,1%	3 126 099
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%	1 250	0%	0
Social Security and other social organizations	UZ	775	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	311 322	377,8%	65 163	5,8%	61 598
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	10 000	0%	0	0%	160 000
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	1 974 157	55,2%	1 272 133	178,8%	456 368

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	112 156	-7,9%	121 743	7,3%	113 510

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	8 245 726	-19,8%	10 285 473	7,0%	9 613 923
1 year at most		VZ2	8 038 781	-19,4%	9 973 590	26,0%	7 915 139
More than 1 year and 5 years at most		VZ3	206 945	-33,6%	311 883	-81,6%	1 698 784
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2012		31/12/2011		31/12/2010
	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	222 676	-90,6%	2 363 493	93,3%	1 222 978
1 year at most		VG2	222 676	-90,6%	2 363 493	113,3%	1 108 194
More than 1 year and 5 years at most		VG3	0	0%	0	0%	114 784
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	315 569	-24,8%	419 605	0%	0
1 year at most		VH2	108 624	0,8%	107 722	0%	0
More than 1 year and 5 years at most		VH3	206 945	-33,6%	311 883	0%	0
	Loans and various financial liabilities (gross)	8A1	2 235 036	-32,6%	3 315 354	3,1%	3 214 366
1 year at most		8A2	2 235 036	-32,6%	3 315 354	103,4%	1 630 366
More than 1 year and 5 years at most		8A3	0	0%	0	0%	1 584 000
	Suppliers and associated accounts (gross)	8B1	5 304 391	33,4%	3 977 121	-18,8%	4 895 174
1 year at most		8B2	5 304 391	33,4%	3 977 121	-18,8%	4 895 174
More than 1 year and 5 years at most		8B3	5 304 391	33,4%	3 977 121	-18,8%	4 895 174
	Personnel and associated accounts (gross)	8C1	35 687	-40,8%	60 329	13,7%	53 083
1 year at most		8C2	35 687	-40,8%	60 329	13,7%	53 083
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	49 256	-32,3%	72 758	-27,8%	100 714
1 year at most		8D2	49 256	-32,3%	72 758	-27,8%	100 714
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	3 835	-44,8%	6 949	-28,4%	9 706
1 year at most		VW2	3 835	-44,8%	6 949	-28,4%	9 706
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	40 842	2,1%	40 000	-45,3%	73 082
1 year at most		VQ2	40 842	2,1%	40 000	-45,3%	73 082
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	29 862	0%	29 862	-29,3%	42 264
1 year at most		VI2	29 862	0%	29 862	-29,3%	42 264
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	8 573	0%	0	0%	1 050
1 year at most		8K2	8 573	0%	0	0%	1 050
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%	1 507
1 year at most		8L2	0	0%	0	0%	1 507
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	37 317

Table allocation results and other information
Dividends distributed

		31/12/2012		31/12/2011		31/12/2010
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
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

		31/12/2012		31/12/2011		31/12/2010
Average number of employees	YP	0	0%	0	0%	14

Groups and Shareholders

		31/12/2012		31/12/2011		31/12/2010
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

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Fixed Asset Financing	43,45	-2,2%	44,42	-10,6%	49,70	2,73	1491,6%
Global Debt	126 days	-6,0%	134 days	-11,8%	152 days	74 days	70,3%
Working Capital Fund overall net	98 days	-5,8%	104 days	-11,9%	118 days	37 days	164,9%
Financial independence	727,72%	166,3%	273,26%	11,6%	244,89%	469,61%	55,0%
More ratios
Solvability	31,86%	26,6%	25,16%	5,9%	23,75%	31,24%	2,0%
Capacity debt futures	1182,29%	915,3%	116,45%	-48,0%	223,88%	799,71%	47,8%
Coverage of current assets by net working capital overall	52,75%	-8,0%	57,36%	-3,4%	59,35%	33,12%	59,3%
General Liquidity	0,56	64,7%	0,34	-33,3%	0,51	0,80	-30,0%
Restricted Liquidity	0,58	61,1%	0,36	-29,4%	0,51	1,01	-42,6%

Management or rotation

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital	96 days	-11,9%	109 days	-6,0%	116 days	18 days	433,3%
Treasury	-1 days	85,7%	-7 days	0%	0 days	9 days	-111,1%
Inventory turnover of goods	138 days	-12,1%	157 days	-3,1%	162 days	30 days	360,0%
Average length of credit granted to customers	31 days	3,3%	30 days	-41,2%	51 days	42 days	-26,2%
Average length of credit obtained suppliers	83 days	27,7%	65 days	-19,8%	81 days	48,50 days	71,1%
More ratios
Inventory turnover of raw materials in industrial enterprises	3 days	-25,0%	4 days	-99,6%	957 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	10176,50 days	-
Rotation tangible assets	26265,96%	4,1%	25233,62%	1,0%	24994,63%	4004,69%	555,9%

Profitability of the business

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading	16,35%	-16,0%	19,47%	-3,3%	20,13	19,98%	-18,2%
Profitability of the business	0,13	-88,5%	1,13	175,6%	0,41	2,53%	-94,9%
Net profit	0,16%	131,4%	-0,51%	-304,0%	0,25%	1,41%	-88,7%
More ratios
Growth rate of turnover (excluding VAT)	4,09%	326,0%	0,96%	-97,7%	42,42%	0,77%	431,2%
Rates integration	3,36%	-29,7%	4,78%	13,5%	4,21%	11,41%	-70,6%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	86,17%	26,2%	68,27%	-16,4%	81,69%	66,64%	29,3%
Weight interests	0,63	-23,2%	0,82%	28,1%	0,64%	0,14%	350,0%

Return on capital

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability	-0,68%	-28,3%	-0,53%	-282,8%	0,29%	1,78%	-138,2%
Rates of economic profitability	0%	0%	4%	300%	1%	17%	0%
Financial profitability	3916936%	36,1%	2877683%	-3,9%	2994994%	427727,50%	815,8%
Return on investment	2,83%	185,9%	0,99%	-63,3%	2,70%	11,58%	-75,6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	23 911 744	4,1%	22 971 933	1,0%	22 754 365	4 816 244 €	396,5%

Sales of goods	23 890 423	4,1%	22 952 498	1,2%	22 686 902
- Purchase of goods	19 581 390	6,3%	18 425 718	-4,1%	19 205 365
+/- Stock of goods variation	398 930	625,4%	54 991	105,0%	-1 098 167
Trading margin	3 910 103 €	-12,6%	4 471 789 €	-2,4%	4 579 704 €	825 363,50 €	373,7%
	16,35 % CA	-16,0%	19,47 % CA	-3,3%	20,13 % CA	19,98 % CA	-18,2%

Sale of goods produced	21 321	9,7%	19 435	-71,2%	67 463
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	21 321 €	9,7%	19 435 €	-71,2%	67 463 €	16 657,50 €	28,0%
	0,09 % CA	12,5%	0,08 % CA	-73,3%	0,30 % CA	0,33 % CA	-72,7%

Trading margin	3 910 103	-12,6%	4 471 789	-2,4%	4 579 704	825 363,50	373,7%
+ Period Production	21 321	9,7%	19 435	-71,2%	67 463	16 657,50	28,0%
- Purchase of raw materials	24 465	-14,1%	28 487	5,4%	27 027
+/- Change in stocks of raw materiels	-3 927	-131,3%	12 559	-48,6%	24 440
- Other external purchases and charges	3 107 370	-7,3%	3 351 566	-7,8%	3 636 938
Added value	803 516 €	-26,9%	1 098 612 €	14,6%	958 762 €	470 468,50 €	70,8%
	3,36 % CA	-29,7%	4,78 % CA	13,5%	4,21 % CA	11,41 % CA	-70,6%

Added value	803 516 €	-26,9%	1 098 612 €	14,6%	958 762 €	470 468,50 €	70,8%
+ Operating grants	10 000	66,7%	6 000	0%	6 000
- Tax, duty and similar payments	90 929	-3,5%	94 189	5,7%	89 135
- Personal charges	692 413	-7,7%	750 038	-4,2%	783 231
Gross operating surplus	30 174 €	-88,4%	260 385 €	181,8%	92 396 €	84 395,50 €	-64,2%
	0,13 % CA	-88,5%	1,13 % CA	175,6%	0,41 % CA	2,53 % CA	-94,9%

Gross operating surplus	30 174 €	-88,4%	260 385 €	181,8%	92 396 €	84 395,50 €	-64,2%
+ Release of reserves and provisions	210 085	248,0%	60 377	-77,2%	265 215
+ Other operating income	46 894	93,9%	24 188	481,9%	4 157
- Depreciation/Amortisation	68 772	-68,2%	216 495	309,9%	52 821
- Other charges	26 858	-13,5%	31 065	-75,7%	127 878
Operating result	191 523 €	96,7%	97 390 €	-46,2%	181 069 €	82 110 €	133,3%
	0,80 % CA	90,5%	0,42 % CA	-47,5%	0,80 % CA	2,07 % CA	-61,4%

Operating result	191 523 €	96,7%	97 390 €	-46,2%	181 069 €	82 110 €	133,3%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	8 108	2474,0%	315	-98,5%	20 614
- Financial charges	151 101	-20,1%	189 068	29,3%	146 201
Pre-tax result	48 530 €	153,1%	-91 363 €	-264,7%	55 482 €	77 618 €	-37,5%
	0,20 % CA	150,0%	-0,40 % CA	-266,7%	0,24 % CA	1,89 % CA	-89,4%

Extraordinary income	0	0%	0	0%	16 187	2 500	0%
- Extraordinary charges	9 277	-64,2%	25 949	64,9%	15 737
Extraordinary result	-9 277 €	64,2%	-25 949 €	-5866,4%	450 €	-20,50 €	-45153,7%
	-0,04 % CA	63,6%	-0,11 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	48 530 €	153,1%	-91 363 €	-264,7%	55 482 €	77 618 €	-37,5%
Extraordinary result	-9 277 €	64,2%	-25 949 €	-5866,4%	450 €	-20,50 €	-45153,7%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	0	0%	0	0%	0
Net result	39 253 €	133,5%	-117 312 €	-309,7%	55 932 €	56 853,50 €	-31,0%
	0,16 % CA	131,4%	-0,51 % CA	-304,0%	0,25 % CA	1,41 % CA	-88,7%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Company details

Activity (APE)	Wholesale (intercompany trade) of frozen products (4639A)
RCS Registration	RCS Nantes 8 331 258 772	Share capital	3,000,000 Euros
Registration Court	Nantes (44)	Legal form	Simplified joint stock company
Court Registry Number	19 8 7B00431	EUR VAT Number	FR76331258772
Incorporation Date	12/1984	Formation Date	12/1984
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Wholesale (intercompany trade) of frozen products (4639A)	Business Pages FT®	SURGELE PRODUIT ALIMENTAIRE FABRICATION GRO
Postal Address	GELPECHE DA2 NANTES ATLANTIQUE RUE RENE FONCK 44860 SAINT AIGNAN GRANDLIEU	Trading Address	RUE RENE FONCK 44860 SAINT AIGNAN GRANDLIEU
Telephone	02 51 70 63 23
Fax

Type	Head office	Status	Economically active
Formation Date	01/1987	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date	04/2010	Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Pays de La Loire
District		Area
City	SAINT AIGNAN GRANDLIEU	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> GELPECHE <<<  - C Wholesale (intercompany trade) of frozen products (4639A) in SAINT AIGNAN GRANDLIEU  (44860)
Secondary establishments	>  GELPECHE  - Wholesale (intercompany trade) of frozen products (4639A) in BOUGUENAIS  (44340)

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

Workforces

Workforce at address

10 to 19 employees

Company workforce

10 to 19 employees

Preferential rights details and history

Summary of preferential rights

Company monitored since	23/03/2009
Status of Monitoring	This company is under monitoring with at least one active preferential right
Number of active preferential rights	1
Total amount	1 711 EUR
Due remaining amount	1 711 EUR

Social security, pension funds preferential rights

Number of preferential rights	1
Total amount	1 711 EUR
Due remaining amount	1 711 EUR
Date of last preferential right	16/11/2012

Active

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

328841

16/11/2012

16/05/2015

MALAKOFF MEDERIC RETRAITE ARRCO

1 711 EUR

1 711 EUR

Court	Nantes
Creditor	MALAKOFF MEDERIC RETRAITE ARRCO 21 R LAFFITTE 75009, PARIS
Debtor	GELPECHE 12 R GUTENBERG PARC DE LA BOUVRE 44340 BOUGUENAIS
Pledges
Title of the act and date	bordereau inscription tresor Bordereau dinscription S.S. en date du 20121026

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

302965

11/05/2010

27/07/2012

IRICASA

16 543 EUR

-

Reason for closure	Crossed Off
Court	Nantes
Creditor	IRICASA
Debtor	GELPECHE 12 R GUTENBERG PARC DE LA BOUVRE 44340 BOUGUENAIS
Pledges
Title of the act and date	BORDEREAU INSCRIPTION SECURITE SOCIALE en date du 20100510
Choice of residence for the oppositions	IRICASA6 RUE EMILE REYNAUD75926 PARIS 19

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
09/08/2013	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 7228 - 331258772 RCS. GELPECHE. Forme : Société par actions simplifiée. Adresse : rue René Fonck d2A Nantes Atlantique 44860 Saint-Aignan de Grand Lieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
07/11/2012	Bodacc B	Modification et mutation diverse
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 842 - 331 258 772 RCS Nantes. GELPECHE. Forme : Société par actions simplifiée. Administration : nomination du Directeur général : Lebourg, Cédric Serge. Capital : 3000000 EUR. Activité : . Adresse du siège social : rue René Fonck d2A Nantes Atlantique, 44860 Saint-Aignan de Grand Lieu. Commentaires : modification survenue sur l'administration.
19/10/2012	JAL	Appointment of the social representative
Echo de la Presqu île Guérandaise et de Saint-Nazaire (L ) Date de décision : 17/09/2012 Société faisant l'objet d'une nomination : 331258772 - GELPECHE, RUE RENE FONCK, DA2 NANTES ATLANTIQUE, 44860 SAINT AIGNAN GRANDLIEU Nominé : Monsieur Cédric LEBOURG, 44000 NANTES En la fonction de : Directeur général
04/09/2012	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 5433 - 331258772 RCS. GELPECHE. Forme : Société par actions simplifiée. Adresse : rue René Fonck d2A Nantes Atlantique 44860 Saint-Aignan de Grand Lieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
29/07/2012	Bodacc B	Modification et mutation diverse
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 386 - 331 258 772 RCS Nantes. GELPECHE. Forme : Société par actions simplifiée. Administration : Directeur général partant : Berger, Eric. Capital : 3000000 EUR. Activité : . Adresse du siège social : rue René Fonck d2A Nantes Atlantique, 44860 Saint-Aignan de Grand Lieu. Commentaires : modification survenue sur le capital (augmentation) et l'administration.
22/06/2012	JAL	Modification of the share capital
Echo de la Presqu'île Guérandaise et de Saint-Nazaire (L') Date de décision : 20/04/2012 La société : 331258772 - GELPECHE, RUE RENE FONCK, DA2 NANTES ATLANTIQUE, 44860 SAINT AIGNAN GRANDLIEU a subi une augmentation de son capital social désormais de 3 000 000 € Date d'effet : 20/04/2012
28/06/2011	Bodacc B	Modification et mutation diverse
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 504 - 331 258 772 RCS Nantes. GELPECHE. Forme : Société par actions simplifiée. Administration : Président de la société : BESNARDEAU Guy Daniel Paul Directeur général : BERGER Eric Commissaire aux comptes titulaire : ECCGE Commissaire aux comptes suppléant : GIVANOVITCH Alain. Capital : 2000000 EUR. Activité : opérations de négoce prestations de services concernant la péche, les produits de la mer et en général, tous les produits alimentaires. Adresse de l’établissement principal : rue René Fonck, d2A Nantes Atlantique, 44860 Saint Aignan De Grand Lieu. Adresse du siège social : rue René Fonck, d2A Nantes Atlantique, 44860 Saint Aignan De Grand Lieu. Commentaires : Changement de directeur général. Date de commencement de l’activité : 01/01/1987. Date d’effet : 04/04/2011.
20/05/2011	JAL	Appointment of the social representative
Echo de l'Ouest (L') Société faisant l'objet d'une nomination : 331258772 - GELPECHE, RUE RENE FONCK, DA2 NANTES ATLANTIQUE, 44860 SAINT AIGNAN GRANDLIEU Nominé : Monsieur Eric BERGER, 5 Route du Moulin - Nesles la Gilberde, 77540 LUMIGNY NESLES ORMEAUX En la fonction de : Directeur général Date d'effet : 30/03/2011
15/09/2010	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 5505 - 331258772 RCS. GELPECHE. Forme : Société par actions simplifiée. Adresse : rue René Fonck d2A Nantes Atlantique 44860 Saint Aignan De Grand Lieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
24/06/2010	Bodacc B	Modification et mutation diverse
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 1451 - 331 258 772 RCS Nantes. GELPECHE. Forme : Société par actions simplifiée. Administration : Président de la société : BESNARDEAU Guy Daniel Paul Directeur général : GUIARD Philippe Yves Commissaire aux comptes titulaire : ECCGE Commissaire aux comptes suppléant : GIVANOVITCH Alain. Capital : 2000000 EUR. Activité : opérations de négoce prestations de services concernant la péche, les produits de la mer et en général, tous les produits alimentaires. Adresse de l’établissement principal : rue René Fonck, d2A Nantes Atlantique, 44860 Saint Aignan De Grand Lieu. Adresse du siège social : rue René Fonck, d2A Nantes Atlantique, 44860 Saint Aignan De Grand Lieu. Commentaires : Transfert du siège et de l'établissement principal avec création Changement de directeur général. Date de commencement de l’activité : 01/01/1987. Date d’effet : 01/04/2010.
28/05/2010	JAL	Appointment of the social representative
L'ECHO DE LA PRESQU'ILE GUERANDAISE Société faisant objet d'une nomination : 331258772 - GELPECHE, 12 RUE JOHANNES GUTENBERG, PARC DE LA BOUVRE, 44340 BOUGUENAIS Nominé : Monsieur Philippe GUIARD, 12 RUE 12 RUE DE TY GLAZ, 29750 LOCTUDY En la fonction de : DG - Directeur Général
28/05/2010	JAL	Resignation / Revocation of the social representative
L'ECHO DE LA PRESQU'ILE GUERANDAISE Date de décision : 19/04/2010 La société 331258772 - GELPECHE, 12 RUE JOHANNES GUTENBERG, PARC DE LA BOUVRE, 44340 BOUGUENAIS Fait l'objet du départ de Monsieur Pascal DOLET
28/05/2010	JAL	Head Office Transfer
L'ECHO DE LA PRESQU'ILE GUERANDAISE Date de décision : 19/04/2010 Transfert du siège social de la société 331258772 -  GELPECHE Adresse du nouveau siège : RUE RENE FONCK, D2A NANTES ATLANTIQUE, 44860 ST AIGNAN GRANDLIEU Ancienne localisation : 12 RUE JOHANNES GUTENBERG, PARC DE LA BOUVRE, 44340 BOUGUENAIS
07/09/2009	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 2087 - 331258772 RCS. GELPECHE. Forme : Société par actions simplifiée. Adresse : 12 rue Gutenberg Parc de la Bouvre 44340 Bouguenais. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
26/08/2008	Bodacc B	Modification et mutation diverse
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 680 - 331 258 772 RCS Nantes. GELPECHE. Forme : Société par actions simplifiée. Administration : Président de la société : BESNARDEAU Guy Daniel PaulDirecteur général : DOLET Pascal. Commissaire aux comptes titulaire : ECCGE. Commissaire aux comptes suppléant : GIVANOVITCH Alain. Capital : 2000000 EUR. Activité : opérations de négoce prestations de services concernant la péche, les produits de la mer et en général, tous les produits alimentaires. Adresse de l’établissement principal : 12 rue Gutenberg, Parc de la Bouvre, 44340 Bouguenais. Adresse du siège social : 12 rue Gutenberg, Parc de la Bouvre, 44340 Bouguenais. Commentaires : Changement de directeur général. Date de commencement de l’activité : 01/01/1987. Date d’effet : 21/07/2008.
14/08/2008	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 2569 - 331258772 RCS. GELPECHE. Forme : Société par actions simplifiée. Adresse : 12 rue Gutenberg Parc de la Bouvre 44340 Bouguenais. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
18/12/2007	Bodacc C	Avis de dépôt des comptes
1852 - 331 258 772. RCS Nantes GELPECHE. Forme: Société par actions simplifiée. Adresse du siège social: 12 rue Gutenberg Parc de la Bouvre 44340 Bouguenais. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
07/03/2007	Bodacc B	Modifications et mutations diverses
975 - RCS Nantes B 331 258 772. RC 87-B 431. GELPECHE. Forme : S.A.S. Capital : 2 000 000 d'euros. Adresse du siège social : parc de la Bouvre, 12 rue Gutenberg,, 44340 Administration : président : BESNARDEAU (Guy, Daniel, Paul). Directeur général : NGUYEN QUAC VINH (Franck, Robert). Commissaire aux comptes titulaire : ECCGE. Commissaire aux comptes suppléant : GIVANOVITCH (Alain). Ancienne administration : ancien administrateur : S.A. SOCIETE ATLANTIQUE DE PARTICIPATIONS. Directeur général : NGUYEN QUAC VINH (Franck, Robert). Président : BESNARDEAU (Guy, Daniel, Paul). Etablissement principal - Activité : opérations de négoce, prestations de services concernant la pêche, les produits de la mer et en général, tous produits alimentaires. Adresse : parc de la Bouvre, 12 rue Gutenberg, 44340 Commentaires : modification survenue sur la forme juridique. Ancienne : S.A. à conseil d'administration. Date d'effet : 31 octobre 2006.
13/10/2006	Bodacc C	Avis de dépôt des comptes
2227 - RCS Nantes B 331 258 772. RC 87-B 431. GELPECHE. Forme: S.A. à conseil d'administration . Adresse du siège social: parc de la Bouvre 12, rue Gutenberg,44340 Bouguenais. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
30/09/2005	Bodacc C	Avis de dépôt des comptes
1541 - RCS Nantes B 331 258 772. RC 87-B 431. GELPECHE. Forme: S.A. à conseil d'administration . Adresse du siège social: parc de la Bouvre 12, rue Gutenberg,44340 Bouguenais. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
31/08/2005	Bodacc B	Modifications et mutations diverses
925 - RCS Nantes B 331 258 772. RC 87-B 431. GELPECHE. Forme : S.A. à conseil d'administration. Capital : 2 000 000 d'euros. Adresse du siège social : parc de la Bouvre, 12 rue Gutenberg,, 44340 Administration : président du conseil d'administration : BESNARDEAU (Guy, Daniel, Paul). Directeur général et administrateur : NGUYEN QUAC VINH (Franck, Robert). Changement de représentant permanent de la STE ATLANTIQUE DE PARTICIPATIONS, administrateur. Ancien : THIELEN (Alexis). Nouveau : Mme NGUYEN QUAC VINH Chrystelle). Commissaire aux comptes titulaire : ECCGE. Commissaire aux comptes suppléant : GIVANOVITCH (Alain). Ancienne administration : ancien directeur général et administrateur : DE LA FOREST DIVONNE (Hervé, Marie, Gabriel). Ancien président du conseil d'administration : NGUYEN QUAC VINH (Franck, Robert). Etablissement principal - Activité : opérations de négoce, prestations de services concernant la pêche, les produits de la mer et en général, tous produits alimentaires. Adresse : parc de la Bouvre, 12 rue Gutenberg, 44340 Date d'effet : 13 avril 2005.
14/12/2003	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Nantes B 331258772 RC 87-B 431 GELPECHE. Forme : S.A. à conseil d'administration. Capital : 1 000 000 d'euros. Adresse : parc de la Bouvre, 12 rue Gutenberg, 44340 Bouguenais Nouvelle situation du siège social. Capital : 2 000 000 d'euros Etablissement principal: Activité : opérations de négoce, prestations de services concernant la peche, les produits de la mer et en général, tous les produits alimentaires. Adresse : parc de la Bouvre, 12 rue Gutenberg, 44340 Bouguenais. Date d'effet : 29 septembre 2003.
07/11/2001	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Nantes B 331258772 RC 87-B 431 GELPECHE. Forme : S.A. à conseil d'administration. Capital : 5 000 000 de F. Adresse : parc de la Bouvre, 12 rue Gutenberg, 44340 Bouguenais Nouvelle situation du siège social. Capital : 1 000 000 d'euros Etablissement principal: Activité : opérations de négoce, prestations de services concernant la peche, les produits de la mer, en général tous les produits alimentaires. Adresse : parc de la Bouvre, 12 rue Gutenberg, 44340 Bouguenais. Commentaires : augmentation du capital. Date d'effet : 30 mai 2001.
06/11/2001	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Nantes B 331258772 RC 87-B 431 GELPECHE. Forme : S.A. à conseil d'administration. Capital : 5 000 000 de F. Adresse : D2A Nantes Atlantique, rue René-Fonck, 44860 Saint-Aignan-Grandlieu Nouvelle situation du siège social. Adresse : parc de la Bouvre, 12 rue Gutenberg, 44340 Bouguenais Etablissement principal: Activité : opérations de négoce, prestations de services concernant la peche, les produits de la mer et en général tous produits alimentaires. Adresse : D2A Nantes Atlantique, rue René-Fonck, 44860 Saint-Aignan- Grandlieu ETABLISSEMENT PRINCIPAL nouvelle situation. Adresse : parc de la Bouvre, 12 rue Gutenberg, 44340 Bouguenais. Date d'effet : 9 avril 2001.
17/09/2000	Bodacc B	Modifications et mutations diverses
RCS Nantes B 331258772 RC 87-B 431 GELPECHE. Forme : S.A. à conseil d' administration. Capital : 5 000 000 de F. Adresse du siège social : D 2A Nantes- Atlantique, rue René-Fonck, 44860 Saint- Aignan-de-Grand-Lieu. Administration : président du conseil d'administration : NGUYEN QUAC VINH (Franck, Robert). Nomination d'un directeur général et administrateur : DE LA FOREST DIVONNE ( Hervé, Marie, Gabriel). Administrateur : STE ATLANTIQUE DE PARTICIPATIONS. Commissaire aux comptes titulaire : ECCGE. Commissaire aux comptes suppléant : GIVANOVITCH (Alain) Etablissement principal: Activité : négoce et prestations de services concernant la peche, les produits de la mer, les navires, la navigation maritime et fluviale. Adresse : D 2A Nantes-Atlantique, rue René-Fonck, 44860 Saint-Aignan-de-Grand-Lieu. Date d'effet : 17 mars 2000.
28/06/2000	Bodacc B	Modifications et mutations diverses
RCS Nantes B 331258772 RC 87-B 431 GELPECHE. Forme : S.A. à conseil d' administration. Capital : 5 000 000 de F. Adresse du siège social : D 2A Nantes Atlantique, rue René-Fonck, 44860 Saint- Aignan-de-Grand-Lieu. Administration : président du conseil d'administration : NGUYEN QUAC VINH (Franck, Robert). Administrateurs : STE ATLANTIQUE DE PARTICIPATIONS DE LA FOREST DIVONNE ( Hervé, Marie, Gabriel). Commissaire aux comptes titulaire : E.C.C.G.E. Commissaire aux comptes suppléant : GIVANOVITCH (Alain). Ancien commissaire aux comptes titulaire : LANDREAU (Jean- Pierre). Ancien commissaire aux comptes suppléant : MORNET (Jean-Yves) Etablissement principal: Activité : négoce, prestations de services concernant la peche, les produits de la mer, les navires, la navigation maritime et fluviale. Adresse : D 2A Nantes Atlantique, rue René-Fonck, 44860 Saint-Aignan-de-Grand-Lieu. Date d'effet : 27 décembre 1999.
28/11/1999	Bodacc B	Modifications et mutations diverses
RCS Nantes B 331258772 RC 87-B 431 GELPECHE. Forme : S.A. à conseil d' administration. Capital : 5 000 000 de F. Adresse du siège social : D 2A Nantes- Atlantique, rue René-Fonck, 44860 Saint- Aignan-de-Grand-Lieu. Administration : président du conseil d'administration : NGUYEN QUAC VINH (Franck, Robert). Administrateurs : STE ATLANTIQUE DE PARTICIPATIONS DE LA FOREST DIVONNE ( Hervé, Marie, Gabriel). Commissaire aux comptes titulaire : LANDREAU (Jean- Pierre, Constant, Auguste). Commissaire aux comptes suppléant : MORNET (Jean- Yves, Marcel, Ernest). Ancien président du conseil d'administration : MARIE (J.- François) Etablissement principal: Activité : négoce, prestations de services concernant la peche, les produits de la mer, les navires, la navigation maritime et fluviale. Adresse : D 2A Nantes-Atlantique, rue René-Fonck, 44860 Saint-Aignan-de-Grand-Lieu. Date d'effet : 30 juillet 1999.
27/10/1999	Bodacc B	Modifications et mutations diverses
RCS Nantes B 331258772 RC 87-B 431 GELPECHE. Forme : S.A. à conseil d' administration. Capital : 5 000 000 de F. Adresse du siège social : D 2A Nantes Atlantique, rue René-Fonck, 44860 Saint- Aignan-de-Grand-lieu. Administration : président du conseil d'administration : MARIE (Jean-François, René). Directeur général et administrateur : NGUYEN ( Quac, Vinh, Franck, Robert). Administrateurs : STE ATLANTIQUE DE PARTICIPATIONS DE LA FOREST DIVONNE ( Hervé, Marie, Gabriel). Commissaire aux comptes titulaire : LANDREAU (Jean- Pierre). Commissaire aux comptes suppléant : MORNET (Jean-Yves, Marcel, Ernest). Ancien administrateur : DUBLOIS (François) Etablissement principal: Activité : négoce et prestations de services concernant la peche, les produits de la mer, les navires, la navigation maritime et fluviale. Adresse : D 2A Nantes Atlantique, rue René-Fonck, 44860 Saint- Aignan-de-Grand-lieu. Date d'effet : 30 juin 1999.
06/06/1998	Bodacc B	Modifications et mutations diverses
RCS o. RCS Nantes B 331 258 772 RC RC 87- B 431 GELPECHE. Forme : S.A. à conseil d' administration. Capital : 5 000 000 de F. Adresse du siège social : Départementale 2 A, Nantes-Atlantique, rue René-Fonck 44860 Saint-Aignan-de-Grand-Lieu. Administration : président du conseil d' administration : MARIE (Jean-François, René) Administrateurs : SOCIETE ATLANTIQUE DE PARTICIPATIONS dont le nouveau représentant est : THIELEN ( Alexis), en remplacement de : MOREAU ( Jean-Pierre) DUBLOIS (François, Joseph). Commissaire aux comptes titulaire : LANDREAU (Jean-Pierre). Commissaire aux comptes suppléant : MORNET (Jean-Yves, Marcel, Ernest) Etablissement principal: Activité : négoce et prestations de services concernant la peche, produits de la mer, navires, navigation maritime et fluviale. Adresse : Départementale 2 A, Nantes-Atlantique, rue René-Fonck 44860 Saint-Aignan-de-Grand-Lieu Date de début d'activité: 1er janvier 1987. Date d'effet : 20 novembre 1997.
06/01/1998	Bodacc B	Modifications et mutations diverses
RCS Nantes B 331 258 772 RC 87-B 431 GELPECHE. Forme : S.A. à conseil d' administration. Capital : 5 000 000 de F. Adresse du siège social : D 2 A Nantes- Atlantique, rue René-Fonck 44860 Saint- Aignan-de-Grand-lieu. Administration : président du conseil d'administration : MARIE (Jean-François, René). Administrateurs : STE ATLANTIQUE DE PARTICIPATIONS DUBLOIS (François, Joseph). Commissaire aux comptes titulaire : LANDREAU (Jean-Pierre). Commissaire aux comptes suppléant : MORNET (Jean-Yves, Marcel, Ernest). Ancien président du conseil d' administration et administrateur : DELAUNE (Jean-Yves) Etablissement principal: Activité : négoce et prestations de services concernant la peche, les produits de la mer, les navires, la navigation maritime et fluviale. Adresse : D 2 A Nantes- Atlantique, rue René-Fonck 44860 Saint- Aignan-de-Grand-lieu. Date d'effet : 31 juillet 1997.
22/12/1995	Bodacc B	Modifications et mutations diverses
RCS Nantes B 331 258 772 RC 87-B 431 GELPECHE. Forme : S.A. Capital : 5 000 000 de F. Adresse du siège social : D 2A Nantes Atlantique, rue René-Fonck 44860 Saint-Aignan-de-Grand-Lieu. Administration : président du conseil d' administration : Mme POTIER, née FRAPSAUCE (Marie-Hélène). Ancien président du conseil d'administration : CASSAND (Hugues). Administrateurs : DUBLOIS (François, Joseph) MOREAU ( Jean-Pierre, Michel). Anciens administrateurs : CASSAND (Hugues) GUITTON (Jacques). Commissaire aux comptes titulaire : LANDREAU (Jean- Pierre). Commissaire aux comptes suppléant : MORNET (Jean-Yves, Marcel, Ernest) Etablissement principal: Activité : négoce et prestations de services concernant la peche, les produits de la mer, les navires, la navigation maritime et fluviale. Adresse : D 2A Nantes Atlantique, rue René-Fonck 44860 Saint-Aignan-de-Grand-Lieu. Date d'effet : 6 novembre 1995.

Company events history

Date	Description
15/10/2013	Update Rating
09/08/2013	Bodacc C : Deposit accounts notice
05/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
16/11/2012	New Filling of Social Security preferential right
07/11/2012	Bodacc B: Various editing or changing
22/10/2012	Changes to the Board of Directors
17/09/2012	Legal Gazette: Appointment of the social representative
04/09/2012	Bodacc C : Deposit accounts notice
01/09/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
29/07/2012	Bodacc B: Various editing or changing
13/07/2012	Minutes of general meeting of shareholders
13/07/2012	Updated articles of association
13/07/2012	Capital increase
20/04/2012	Legal Gazette: Modification of the share capital
31/12/2011	New accounts available
19/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
28/06/2011	Bodacc B: Various editing or changing
17/06/2011	Private document
17/06/2011	Changes to the Board of Directors
30/03/2011	Legal Gazette: Appointment of the social representative
31/12/2010	New accounts available
15/09/2010	Bodacc C : Deposit accounts notice
24/06/2010	Bodacc B: Various editing or changing
11/06/2010	Updated articles of association
11/06/2010	Registered office transferred inside jurisdiction of the Commercial Court
11/06/2010	Changes to the Board of Directors
11/06/2010	Minutes of general meeting of shareholders
11/06/2010	Amendment
28/05/2010	Legal Gazette: Resignation / Revocation of the social representative
28/05/2010	Legal Gazette: Head Office Transfer
11/05/2010	Unfiling of a Social Security preferential right
11/05/2010	New Filling of Social Security preferential right
19/04/2010	Legal Gazette: Appointment of the social representative
01/04/2010	Update of Company Head Office Identifier
01/04/2010	Transfer of Establishment
31/12/2009	New accounts available
07/09/2009	Bodacc C : Deposit accounts notice
23/03/2009	Collection of preferential rights activated for this company
31/12/2008	New accounts available
26/08/2008	New Bodacc B ads detected
26/08/2008	Bodacc B: Various editing or changing
14/08/2008	Bodacc C : Deposit accounts notice
12/08/2008	Amendment
12/08/2008	Changes to the Board of Directors
12/08/2008	Modification du Conseil d'Administration
12/08/2008	Private document
12/08/2008	Appointment/resignation of company officers
12/08/2008	Minutes of general meeting of shareholders
12/08/2008	Acte modificatif
31/12/2007	New accounts available
14/02/2007	Private document
14/02/2007	Appointment/resignation of company officers
14/02/2007	Changement de Président (PDG, PCA)
14/02/2007	New legal form – no new category
14/02/2007	Minutes of general meeting of shareholders
14/02/2007	Updated articles of association
14/02/2007	Statuts mis à jour
14/02/2007	Modification du Conseil d'Administration
14/02/2007	PV d'Assemblée
31/12/2006	New accounts available
23/10/2006	Audit or Management Report
23/10/2006	Rapport des Commissaires ou du Gérant
23/10/2006	Private document
31/12/2005	New accounts available
17/08/2005	Modification du Conseil d'Administration
17/08/2005	PV du Conseil d'Administration
17/08/2005	PV d'Assemblée
17/08/2005	Minutes of general meeting of shareholders
17/08/2005	Changement de Président (PDG, PCA)
17/08/2005	Changes to the Board of Directors
17/08/2005	Appointment/resignation of company officers
17/08/2005	Private document
17/08/2005	Acte sous seing privé
17/08/2005	Minutes of Board meeting
17/08/2005	Nomination/démission des organes de gestion
31/12/2004	New accounts available
31/12/2003	New accounts available
02/12/2003	Statuts mis à jour
02/12/2003	Augmentation de Capital
02/12/2003	PV du Conseil d'Administration
02/12/2003	Acte sous seing privé
02/12/2003	PV d'Assemblée
19/06/2003	PV du Conseil d'Administration
19/06/2003	Acte modificatif
19/06/2003	Acte sous seing privé
27/06/2002	PV d'Assemblée
27/06/2002	Acte sous seing privé
27/06/2002	Statuts mis à jour
27/06/2002	Augmentation de Capital
24/10/2001	Conversion du Capital Social en Euros
24/10/2001	Augmentation de Capital
24/10/2001	Statuts mis à jour
24/10/2001	PV d'Assemblée
24/10/2001	Acte sous seing privé
23/10/2001	Statuts mis à jour
23/10/2001	Transfert du Siège dans le ressort du Tribunal de Commerce
23/10/2001	Acte sous seing privé
23/10/2001	PV du Conseil d'Administration
01/09/2000	Modification du Conseil d'Administration
01/09/2000	Acte sous seing privé
01/09/2000	Nomination/démission des organes de gestion
01/09/2000	PV du Conseil d'Administration
13/06/2000	Changement de Commissaire aux Comptes
13/06/2000	PV d'Assemblée
13/06/2000	Nomination/démission des organes de gestion
13/06/2000	Acte sous seing privé
12/11/1999	Changement de Président (PDG, PCA)
12/11/1999	Nomination/démission des organes de gestion
12/11/1999	PV du Conseil d'Administration
12/11/1999	Acte sous seing privé
12/11/1999	PV d'Assemblée
12/10/1999	Modification du Conseil d'Administration
12/10/1999	Acte sous seing privé
12/10/1999	PV du Conseil d'Administration
12/10/1999	PV d'Assemblée
12/10/1999	Nomination/démission des organes de gestion
19/05/1998	PV du Conseil d'Administration
19/05/1998	Acte sous seing privé
19/05/1998	Nomination/démission des organes de gestion
19/05/1998	Acte modificatif
22/12/1997	Modification du Conseil d'Administration
22/12/1997	PV d'Assemblée
22/12/1997	Nomination/démission des organes de gestion
22/12/1997	Changement de Président (PDG, PCA)
22/12/1997	PV du Conseil d'Administration
22/12/1997	Acte sous seing privé
29/05/1996	Modification du Conseil d'Administration
29/05/1996	Nomination/démission des organes de gestion
29/05/1996	PV d'Assemblée
29/05/1996	PV du Conseil d'Administration
29/05/1996	Changement de Président (PDG, PCA)
08/12/1995	PV d'Assemblée
08/12/1995	Nomination/démission des organes de gestion
08/12/1995	Modification du Conseil d'Administration
08/12/1995	Changement de Président (PDG, PCA)
08/12/1995	PV du Conseil d'Administration
09/11/1993	Changement de date de clôture
09/11/1993	PV d'Assemblée
09/11/1993	Déclaration de conformité
09/11/1993	Statuts mis à jour
12/07/1993	Changement de Président (PDG, PCA)
12/07/1993	Statuts mis à jour
12/07/1993	PV d'Assemblée
12/07/1993	Modification du Conseil d'Administration
12/07/1993	PV du Conseil d'Administration
12/07/1993	Modification du système d'administration des S.A.
12/07/1993	Nomination/démission des organes de gestion
12/07/1993	Déclaration de conformité

Establishment events history

Date	Description
12/01/2013	Update of phone numbers
20/11/2012	Update Rating
20/11/2012	Update Limit
07/11/2012	Update Limit
07/11/2012	Update Rating
28/07/2012	Update Limit
28/07/2012	Update Rating
28/06/2011	Update of phone numbers
23/09/2010	Update Limit
01/04/2010	Update of Establishment Activity
01/04/2010	Modification of Head office (after transfer)

NOTES & COMMENTS

Commentary

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.

Score restricted due to Social Security preferential right

Social Security or Tresor Preferential Right detected

The decrease of tangible fixed assets over the last two accounting periods is 79 %

The stock to turnover ratio is 32.34

The creditor days are 80.97

The sales to current assets ratio is 1,95

The pre-tax profit is 39,253 €

The return on total assets employed is 0,32

The ratio total assets to total liabilities is 1,47

The net turnover is 23,911,744 €

The net current assets are 12,268,943 €

The liabilities are 8,376,095 €

The total assets are 12,293,031 €

The risk provisions are 0 €

The company has 2 director(s)

Department code with low risk rating

Industry code with low risk rating

Low risk workforce size

The decrease in the gearing percentage over the last two accounting periods is 53 %

The shareholder's equity is 3,916,936 €

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.68
UK Pound	1	Rs.101.98
Euro	1	Rs.84.78

INFORMATION DETAILS

Report Prepared by :

NIS

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.