MIRA INFORM REPORT

Report Date :

12.02.2014

IDENTIFICATION DETAILS

Name :	J.L. INTERNATIONAL
Registered Office :	JLI, Zae Jean Monnet, 1 Rue Paul Henri Spaak, 77240 Vert Saint Denis
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	May 1998
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Regular transport of passengers (4939A)
No. of Employees :	Not Available

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 – December 01, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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

J.L. INTERNATIONAL

SIRET

418 872 537 00075

Personal comment

company summary

Acronym	JLI
Safe Number	FR04928336	EUR VAT Number	FR83418872537
Activity (APE)	Transports routiers réguliers de voyageurs (4939A) (Regular transport of passengers (4939A))	Legal form	Simplified Joint Stock Company with Single Associate
Phone	01 60 68 75 63	RCS Registration	RCS Melun 9 418 872 537
Fax
Address	J.L. INTERNATIONAL JLI ZAE JEAN MONNET 1 RUE PAUL HENRI SPAAK 77240 VERT SAINT DENIS	Incorporated Date	05/1998
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Directors

Name	BJ INVESTIOM
Name of representative
Manager position	Managing director	Date of birth
Place of birth
Type	Moral person	Name at birth

Name	2BR MOBILITÉ
Name of representative
Manager position	President	Date of birth
Place of birth
Type	Moral person	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	2BR	- - -

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

300,000 Euros

PAYMENT INFORMATION

N/a

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

This company is not identified as one of the biggest french chip.

Group Structure

No group information available for the company

Linkages

This company is not identified as one of the biggest french chip.

No Linkages information available for the company

FINANCIAL INFORMATION

Trading to Date	12/31/2011	12/31/2010	12/31/2009
Turnover	11,452,973 €	10,953,980 €	10,209,410 €
Gross Operating Surplus	9,33 % Turnover	8,35 % Turnover	10,01 % Turnover
Shareholders’ equity	1,608,986 €	1,546,324 €	1,364,975 €
Net result	494,970 €	456,061 €	414,201 €

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2011	31/12/2010	31/12/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	11/09/2012	27/10/2011	14/07/2010
Activity Code	4939A	4939A	4939A
Employees	992	0	0

Active account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	678 718	-24,5%	898 409	-2,9%	925 133	240 199	182,6%
- Intangible assets	16 647	2899,5%	555	-80,5%	2 852	20 802	-20,0%
- Tangible assets	369 839	-33,4%	555 724	-5,7%	589 626	141 075	162,2%
- Financial assets	292 232	-14,6%	342 130	2,8%	332 655	3 299	8758,2%
Net current assets	3 341 540	-19,7%	4 161 241	26,9%	3 278 226	480 378	595,6%
- Stocks	0	0%	0	0%	0	4 643	0%
- Advanced payments	21 246	-19,7%	0	0%	0	0	0%
- Receivables	3 147 330	-24,4%	4 160 818	36,2%	3 054 721	267 675	1075,8%
- Securities and cash	172 964	40789,8%	423	-99,8%	223 505	74 300	132,8%
- Prepaid expenses	-	-	-	-	-	496	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	4 020 258	-20,5%	5 059 649	20,4%	4 203 359	804 590	399,7%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Shareholders' equity	1 608 986	4,1%	1 546 324	13,3%	1 364 975	244 715	557,5%
Share capital	300 000	0%	300 000	0%	300 000	44 210	578,6%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	108 335	-5,2%	114 335	-38,3%	185 200	0	0%
Liabilities	2 302 937	-32,2%	3 398 989	28,1%	2 653 185	430 182	435,3%
- Financial liabilities	114 558	-86,3%	833 699	9,6%	760 841	92 430	23,9%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	983 221	-35,4%	1 522 215	616,8%	212 359	75 453	1203,1%
- Tax and social liabilities	1 132 937	9,5%	1 034 388	-35,4%	1 602 146	131 702	760,2%
- Other debts and fixed assets liabilities	72 221	731,4%	8 687	-88,8%	77 839	11 306	538,8%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	4 020 258	-20,5%	5 059 649	20,4%	4 203 360	804 590	399,7%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Sales of Goods	11 615 443	3,2%	11 252 937	3,8%	10 836 957	1 346 370	762,7%
Net turnover	11 452 973	4,6%	10 953 980	7,3%	10 209 410	1 292 258	786,3%
- of which net export turnover	0	0%	0	0%	0	0	0%
Operating charges	10 741 875	2,8%	10 444 933	6,9%	9 769 346	1 308 116	721,2%
Operating profit/loss	873 568	8,1%	808 004	-24,3%	1 067 611	13 885	6191,5%
Financial income	9 791	238,6%	2 892	-30,9%	4 185	258	3695,0%
Financial charges	12 951	-12,7%	14 843	-34,7%	22 723	4 980	160,1%
Financial profit/loss	-3 160	73,6%	-11 951	35,5%	-18 538	-2 458	-28,6%
Pretax net operating income	870 408	9,3%	796 053	-24,1%	1 049 073	10 369	8294,3%
Extraordinary income	150 580	19,8%	125 691	66,5%	75 479	15 356	880,6%
Extraordinary charges	123 143	24,5%	98 902	-68,3%	312 147	4 609	2571,8%
Extraordinary profit/loss	27 437	2,4%	26 789	111,3%	-236 668	2 587	960,6%
Net result	494 970	8,5%	456 061	10,1%	414 201	20 433	2322,4%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2011	31/12/2010	31/12/2009
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to VI)	Net	4 020 258	-20,5%	5 059 649	20,4%	4 203 359
Gross	CO	4 429 849	-18,7%	5 450 930	20,4%	4 528 244
Amortisation	1A	409 591	4,7%	391 281	20,4%	324 885

Non declared distributed capital (I)

		31/12/2011		31/12/2010		31/12/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		31/12/2011		31/12/2010		31/12/2009
Total Active fixed asset (II)	Net	678 718	-24,5%	898 409	-2,9%	925 133
Gross	BJ	1 078 347	-16,1%	1 285 017	3,5%	1 241 625
Amortisation	BK	399 629	3,4%	386 608	22,2%	316 492

Intangible fixed assets

			31/12/2011		31/12/2010		31/12/2009
	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	16 647	0%	0	0%	0
	Gross	AF	109 738	0%	0	0%	0
	Amortisation	AG	93 091	0%	0	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	555	-80,5%	2 852
	Gross	AJ	0	0%	58 000	3,6%	55 995
	Amortisation	AK	0	0%	57 445	8,1%	53 143
	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	16 647	2899,5%	555	-80,5%	2 852

Tangible fixed assets

		31/12/2011		31/12/2010		31/12/2009
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	32 947	-21,0%	41 690	-8,9%	45 741
Gross	AR	61 692	5,9%	58 260	12,7%	51 697
Amortisation	AS	28 745	73,5%	16 570	178,2%	5 956
Other tangible fixed assets	Net	336 892	-25,1%	449 624	-17,3%	543 885
Gross	AT	614 685	-19,4%	762 217	-4,9%	801 278
Amortisation	AU	277 793	-11,1%	312 593	21,4%	257 393
Fixed assets in construction	Net	0	0%	64 410	0%	0
Gross	AV	0	0%	64 410	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	369 839		555 724		589 626

Financial assets

		31/12/2011		31/12/2010		31/12/2009
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%	5 530
Gross	CU	0	0%	0	0%	5 530
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	5 530	0%	5 530	0%	0
Gross	BB	5 530	0%	5 530	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	286 702	-14,8%	336 600	2,9%	327 125
Gross	BH	286 702	-14,8%	336 600	2,9%	327 125
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		292 232		342 130		332 655

Current Assets (III)

		31/12/2011		31/12/2010		31/12/2009
Total Assets	Net	3 341 540	-19,7%	4 161 241	26,9%	3 278 226
Gross	CJ	3 351 502	-19,5%	4 165 913	26,8%	3 286 619
Amortisation	CK	9 962	113,2%	4 672	-44,3%	8 393

Stocks

		31/12/2011		31/12/2010		31/12/2009
Raw materials	Net	0	0%	0	0%	0
Gross	BL	0	0%	0	0%	0
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	0	0%	0	0%	0
Gross	BR	0	0%	0	0%	0
Amortisation	BS	0	0%	0	0%	0
Goods for resale	Net	0	0%	0	0%	0
Gross	BT	0	0%	0	0%	0
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	0	0%	0	0%	0

Advance payments to suppliers

		31/12/2011		31/12/2010		31/12/2009
Advance payments to suppliers	Net	21 246	0%	0	0%	0
Gross	BV	21 246	0%	0	0%	0
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2011		31/12/2010		31/12/2009
Trade accounts receivable	Net	2 704 466	-25,7%	3 640 833	26,1%	2 886 763
Gross	BX	2 714 428	-25,5%	3 645 505	25,9%	2 895 156
Amortisation	BY	9 962	113,2%	4 672	-44,3%	8 393
Other debtors	Net	399 381	-17,4%	483 715	240,9%	141 888
Gross	BZ	399 381	-17,4%	483 715	240,9%	141 888
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	3 103 847	-24,7%	4 124 548	36,2%	3 028 651

Divers

		31/12/2011		31/12/2010		31/12/2009
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	172 964	40789,8%	423	-99,8%	223 505
Gross	CF	172 964	40789,8%	423	-99,8%	223 505
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	172 964	40789,8%	423	-99,8%	223 505

Prepaid expenses

		31/12/2011		31/12/2010		31/12/2009
Prepaid expenses	Net	43 483	19,9%	36 270	39,1%	26 070
Gross	CH	43 483	19,9%	36 270	39,1%	26 070
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to V)	EE	4 020 258	-20,5%	5 059 649	20,4%	4 203 360

Shareholder Equity (I)

		31/12/2011		31/12/2010		31/12/2009
Total shareholders' equity (Total I)	DL	1 608 986	4,1%	1 546 324	13,3%	1 364 975
Equity and shareholders' equity	DA	300 000	0%	300 000	0%	300 000
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	30 000	0%	30 000	48,3%	20 225
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	779 238	7,8%	723 177	22,9%	588 351
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	494 970	8,5%	456 061	10,1%	414 201
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	4 778	-87,1%	37 086	-12,1%	42 198

Other capital resources (II)

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
Total provisions for risks and charges (Total III)	DR	108 335	-5,2%	114 335	-38,3%	185 200
Risk provisions	DP	108 335	-5,2%	114 335	0%	0
Reserves for charges	DQ	0	0%	0	0%	185 200

Liabilities (IV)

		31/12/2011		31/12/2010		31/12/2009
Total Liabilities (Total IV)	EC	2 302 937	-32,2%	3 398 989	28,1%	2 653 185
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	114 558	-86,3%	833 684	105,6%	405 535
Sundry loans and financial liabilities	DV	0	0%	15	-100,0%	355 306
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	983 221	-35,4%	1 522 215	616,8%	212 359
Tax and social security liabilities	DY	1 132 937	9,5%	1 034 388	-35,4%	1 602 146
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	72 221	731,4%	8 687	-88,8%	77 839

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2009
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2011		31/12/2010		31/12/2009
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
Operating result (Total I-II)	GG	873 568	8,1%	808 004	-24,3%	1 067 611

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	-3 160	73,6%	-11 951	35,5%	-18 538

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

		31/12/2011		31/12/2010		31/12/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	870 408	9,3%	796 053	-24,1%	1 049 073

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	27 437	2,4%	26 789	111,3%	-236 668

Profit or loss

		31/12/2011		31/12/2010		31/12/2009
Profit or loss	HN	494 970	8,5%	456 061	10,1%	414 201

Total Income (I+III+V+VII)

		31/12/2011		31/12/2010		31/12/2009
Total Income (I+III+V+VII)	HL	11 775 814	3,5%	11 381 520	4,3%	10 916 621

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

		31/12/2011		31/12/2010		31/12/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	11 280 845	3,3%	10 925 460	4,0%	10 502 420

Operating income (I)

		31/12/2011		31/12/2010		31/12/2009
Total operating income (Total I)	FR	11 615 443	3,2%	11 252 937	3,8%	10 836 957

Operating income (details)

		31/12/2011		31/12/2010		31/12/2009
Sale of goods for resale	FC	0	0%	0	0%	0
France	FA	0	0%	0	0%	0
Export	FB	0	0%	0	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	11 452 973	4,6%	10 953 980	7,3%	10 209 410
France	FG	11 452 973	4,6%	10 953 980	7,3%	10 209 410
Export	FH	0	0%	0	0%	0
Net turnover	FL	11 452 973	4,6%	10 953 980	7,3%	10 209 410
France	FJ	11 452 973	4,6%	10 953 980	7,3%	10 209 410
Export	FK	0	0%	0	0%	0
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	150 756	5,9%	142 303	-39,6%	235 785
Release of reserves and provisions	FP	0	0%	0	0%	0
Other income	FQ	11 714	-92,5%	156 654	-60,0%	391 762

Operating charges (II)

		31/12/2011		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	10 741 875	2,8%	10 444 933	6,9%	9 769 346

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	5 858 840	16,6%	5 024 078	40,7%	3 571 614
Tax, duty and similar payments	FX	301 861	-4,9%	317 529	10,7%	286 882
Payroll	FY	3 307 757	-8,1%	3 598 721	-13,2%	4 145 698
Social security costs	FZ	1 066 685	-14,1%	1 241 217	-12,5%	1 419 095

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	206 413	-17,7%	250 903	-27,4%	345 664
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2011		31/12/2010		31/12/2009
Other charges	GE	319	-97,4%	12 485	3076,8%	393

Operating charges (III-IV)

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
Total financial income (Total V)	GP	9 791	238,6%	2 892	-30,9%	4 185
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	9 791	238,6%	2 892	-30,9%	4 185
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	0	0%	0	0%	0
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2011		31/12/2010		31/12/2009
Total financial charge (Total VI)	GU	12 951	-12,7%	14 843	-34,7%	22 723
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	12 951	-12,7%	14 843	-34,7%	22 723
Exchange losses	GS	0	0%	0	0%	0
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		31/12/2011		31/12/2010		31/12/2009
Total extraordinary income (Total VII)	HD	150 580	19,8%	125 691	66,5%	75 479
Extraordinary operating income	HA	150 580	19,8%	125 691	66,5%	75 479
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)

		31/12/2011		31/12/2010		31/12/2009
Total extraordinary charges (Total VIII)	HH	123 143	24,5%	98 902	-68,3%	312 147
Extraordinary operating charges	HE	123 143	24,5%	98 902	-68,3%	312 147
Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2011		31/12/2010		31/12/2009
Employee profit sharing (Total IX)	HJ	139 535	18,3%	117 908	-8,5%	128 828

Tax on profits (X)

		31/12/2011		31/12/2010		31/12/2009
Tax on profits (Total X)	HK	263 341	5,8%	248 874	-7,6%	269 376

References

		31/12/2011		31/12/2010		31/12/2009
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

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

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to V)	EE	4 020 258	-20,5%	5 059 649	20,4%	4 203 360

Shareholder Equity (I)

		31/12/2011		31/12/2010		31/12/2009
Total shareholders' equity (Total I)	DL	1 608 986	4,1%	1 546 324	13,3%	1 364 975
Equity and shareholders' equity	DA	300 000	0%	300 000	0%	300 000
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	30 000	0%	30 000	48,3%	20 225
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	779 238	7,8%	723 177	22,9%	588 351
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	494 970	8,5%	456 061	10,1%	414 201
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	4 778	-87,1%	37 086	-12,1%	42 198

Other capital resources (II)

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
Total provisions for risks and charges (Total III)	DR	108 335	-5,2%	114 335	-38,3%	185 200
Risk provisions	DP	108 335	-5,2%	114 335	0%	0
Reserves for charges	DQ	0	0%	0	0%	185 200

Liabilities (IV)

		31/12/2011		31/12/2010		31/12/2009
Total Liabilities (Total IV)	EC	2 302 937	-32,2%	3 398 989	28,1%	2 653 185
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	114 558	-86,3%	833 684	105,6%	405 535
Sundry loans and financial liabilities	DV	0	0%	15	-100,0%	355 306
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	983 221	-35,4%	1 522 215	616,8%	212 359
Tax and social security liabilities	DY	1 132 937	9,5%	1 034 388	-35,4%	1 602 146
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	72 221	731,4%	8 687	-88,8%	77 839

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2009
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2011		31/12/2010		31/12/2009
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
Operating result (Total I-II)	GG	873 568	8,1%	808 004	-24,3%	1 067 611

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	-3 160	73,6%	-11 951	35,5%	-18 538

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

		31/12/2011		31/12/2010		31/12/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	870 408	9,3%	796 053	-24,1%	1 049 073

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	27 437	2,4%	26 789	111,3%	-236 668

Profit or loss

		31/12/2011		31/12/2010		31/12/2009
Profit or loss	HN	494 970	8,5%	456 061	10,1%	414 201

Total Income (I+III+V+VII)

		31/12/2011		31/12/2010		31/12/2009
Total Income (I+III+V+VII)	HL	11 775 814	3,5%	11 381 520	4,3%	10 916 621

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

		31/12/2011		31/12/2010		31/12/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	11 280 845	3,3%	10 925 460	4,0%	10 502 420

Operating income (I)

		31/12/2011		31/12/2010		31/12/2009
Total operating income (Total I)	FR	11 615 443	3,2%	11 252 937	3,8%	10 836 957

Operating income (details)

		31/12/2011		31/12/2010		31/12/2009
Sale of goods for resale	FC	0	0%	0	0%	0
France	FA	0	0%	0	0%	0
Export	FB	0	0%	0	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	11 452 973	4,6%	10 953 980	7,3%	10 209 410
France	FG	11 452 973	4,6%	10 953 980	7,3%	10 209 410
Export	FH	0	0%	0	0%	0
Net turnover	FL	11 452 973	4,6%	10 953 980	7,3%	10 209 410
France	FJ	11 452 973	4,6%	10 953 980	7,3%	10 209 410
Export	FK	0	0%	0	0%	0
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	150 756	5,9%	142 303	-39,6%	235 785
Release of reserves and provisions	FP	0	0%	0	0%	0
Other income	FQ	11 714	-92,5%	156 654	-60,0%	391 762

Operating charges (II)

		31/12/2011		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	10 741 875	2,8%	10 444 933	6,9%	9 769 346

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	5 858 840	16,6%	5 024 078	40,7%	3 571 614
Tax, duty and similar payments	FX	301 861	-4,9%	317 529	10,7%	286 882
Payroll	FY	3 307 757	-8,1%	3 598 721	-13,2%	4 145 698
Social security costs	FZ	1 066 685	-14,1%	1 241 217	-12,5%	1 419 095

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	206 413	-17,7%	250 903	-27,4%	345 664
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2011		31/12/2010		31/12/2009
Other charges	GE	319	-97,4%	12 485	3076,8%	393

Operating charges (III-IV)

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
Total financial income (Total V)	GP	9 791	238,6%	2 892	-30,9%	4 185
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	9 791	238,6%	2 892	-30,9%	4 185
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	0	0%	0	0%	0
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2011		31/12/2010		31/12/2009
Total financial charge (Total VI)	GU	12 951	-12,7%	14 843	-34,7%	22 723
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	12 951	-12,7%	14 843	-34,7%	22 723
Exchange losses	GS	0	0%	0	0%	0
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		31/12/2011		31/12/2010		31/12/2009
Total extraordinary income (Total VII)	HD	150 580	19,8%	125 691	66,5%	75 479
Extraordinary operating income	HA	150 580	19,8%	125 691	66,5%	75 479
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)

		31/12/2011		31/12/2010		31/12/2009
Total extraordinary charges (Total VIII)	HH	123 143	24,5%	98 902	-68,3%	312 147
Extraordinary operating charges	HE	123 143	24,5%	98 902	-68,3%	312 147
Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2011		31/12/2010		31/12/2009
Employee profit sharing (Total IX)	HJ	139 535	18,3%	117 908	-8,5%	128 828

Tax on profits (X)

		31/12/2011		31/12/2010		31/12/2009
Tax on profits (Total X)	HK	263 341	5,8%	248 874	-7,6%	269 376

References

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
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	378 097	83,8%	205 698	-38,5%	334 474
Gross value at the end of period	OL	1 078 347	-16,1%	1 285 017	3,5%	1 241 625

Research and development Charge (Total I)

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	KD	58 000	3,6%	55 995	6,7%	52 496
Increases due to revaluation	KE	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KF	79 548	3867,5%	2 005	-42,7%	3 499
Decreases by budget item transfer	LV1	0	0%	0	0%	0
Decreases by transfers	LV2	27 810	0%	0	0%	0
Gross value at the end of period	LW	109 738	89,2%	58 000	3,6%	55 995

Tangible fixed assets (Total III)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LN	884 887	3,7%	852 975	-8,7%	933 756
Increases due to revaluation	LO	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LP	91 879	-59,5%	226 804	-10,6%	253 693
Decreases by budget item transfer	NG1	0	0%	0	0%	0
Decreases by transfers	NG2	300 390	54,1%	194 893	-41,7%	334 474
Gross value at the end of period	NH	676 376	-23,6%	884 886	3,7%	852 975

Financial assets (Total IV)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LQ	342 130	2,8%	332 655	62,3%	205 026
Increases due to revaluation	LR	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LS	0	0%	20 280	-84,1%	127 629
Decreases by budget item transfer	NJ1	0	0%	0	0%	0
Decreases by transfers	NJ2	49 898	361,8%	10 805	0%	0
Gross value at the end of period	NK	292 232	-14,6%	342 130	2,8%	332 655

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

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	PE	57 445	8,1%	53 143	7,1%	49 631
Increases		PF	63 456	1375,0%	4 302	22,5%	3 512
Decreases		PG	27 810	0%	0	0%	0
	Decreases by budget item transfer	PH	93 091	62,1%	57 445	8,1%	53 143

Total fixed assets amortisation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	QU	329 163	25,0%	263 348	-7,6%	284 875
Increases		QV	132 995	-20,9%	168 153	13,2%	148 559
Decreases		QW	155 621	52,1%	102 338	-39,8%	170 086
	Decreases by budget item transfer	QX	306 537	-6,9%	329 163	25,0%	263 348

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2011		31/12/2010		31/12/2009
	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

			31/12/2011		31/12/2010		31/12/2009
	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)

			31/12/2011		31/12/2010		31/12/2009
	Value at beginning of period	7C	151 421	-33,4%	227 398	-48,3%	440 196
Increases		UB	0	0%	73 775	-60,6%	187 310
Decreases		UC	38 308	-74,4%	149 753	-62,6%	400 108
	Value at the end of period	UD	113 113	-25,3%	151 420	-33,4%	227 398

Includes Total allocations

Operating	UE	0	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2011		31/12/2010		31/12/2009
	Value at beginning of period	3Z	37 084	-12,1%	42 197	-17,0%	50 813
Increases		TS	0	0%	0	0%	2 110
Decreases		TT	32 308	531,9%	5 113	-52,3%	10 726
	Value at the end of period	TU	4 776	-87,1%	37 084	-12,1%	42 197

Total risk and charge provisions (Total II)

			31/12/2011		31/12/2010		31/12/2009
	Value at beginning of period	5Z	114 335	-38,3%	185 200	-52,4%	389 383
Increases		TV	0	0%	73 775	-60,2%	185 200
Decreases		TW	6 000	-95,9%	144 640	-62,9%	389 383
	Value at the end of period	TX	108 335	-5,2%	114 335	-38,3%	185 200

Total Provision for depreciation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Value at beginning of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/12/2011		31/12/2010		31/12/2009
Gross value	VT	3 449 524	-23,5%	4 507 620	32,7%	3 395 768
1 year at most	VU	3 157 292	-24,2%	4 165 490	22,7%	3 395 768
More than one year	VV	292 232	-14,6%	342 130	0%	0

State of loans

		31/12/2011		31/12/2010		31/12/2009
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	292 232	-14,6%	342 130	2,8%	332 655
Other financial assets (1 year at most)	UV	0	0%	0	0%	332 655

Receivables statement of assets

		31/12/2011		31/12/2010		31/12/2009
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	3 157 292	-24,2%	4 165 490	36,0%	3 063 114

Prepaid

		31/12/2011		31/12/2010		31/12/2009
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/12/2011		31/12/2010		31/12/2009
	Total debt (gross)	VY	2 302 937	-32,2%	3 398 990	28,1%	2 653 184
1 year at most		VZ2	2 302 937	-30,0%	3 291 537	30,3%	2 525 451
More than 1 year and 5 years at most		VZ3	0	0%	107 453	-15,9%	127 733
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2011		31/12/2010		31/12/2009
	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	114 558	-86,3%	833 684	105,6%	405 535
1 year at most		VG2	114 558	-84,2%	726 231	161,4%	277 802
More than 1 year and 5 years at most		VG3	0	0%	107 453	-15,9%	127 733
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	355 306
1 year at most		8A2	0	0%	0	0%	355 306
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	983 221	-35,4%	1 522 215	616,8%	212 359
1 year at most		8B2	983 221	-35,4%	1 522 215	616,8%	212 359
More than 1 year and 5 years at most		8B3	983 221	-35,4%	1 522 215	616,8%	212 359
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	1 132 937	9,5%	1 034 388	-35,4%	1 602 145
1 year at most		8D2	1 132 937	9,5%	1 034 388	-35,4%	1 602 145
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	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	0
1 year at most		VQ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	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	72 221	729,9%	8 702	-88,8%	77 839
1 year at most		8K2	72 221	729,9%	8 702	-88,8%	77 839
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2011		31/12/2010		31/12/2009
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
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

		31/12/2011		31/12/2010		31/12/2009
Average number of employees	YP	992	0%	0	0%	0

Groups and Shareholders

		31/12/2011		31/12/2010		31/12/2009
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

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Fixed Asset Financing	2,07	-7,6%	2,24	5,7%	2,12	1,24	66,9%
Global Debt	72 days	-35,7%	112 days	19,1%	94 days	120,50 days	-40,2%
Working Capital Fund overall net	36 days	-30,8%	52 days	6,1%	49 days	44 days	-18,2%
Financial independence	1404,52%	657,2%	185,48%	-44,9%	336,59%	241,22%	482,3%
More ratios
Solvability	40,02%	31,0%	30,56%	-5,9%	32,47%	36,81%	8,7%
Capacity debt futures	1404,52%	754,9%	164,30%	-35,8%	255,96%	628,01%	123,6%
Coverage of current assets by net working capital overall	34,86%	-9,8%	38,65%	-9,1%	42,50%	37,53%	-7,1%
General Liquidity	1,37	7,9%	1,27	-5,2%	1,34	0,77	77,9%
Restricted Liquidity	1,45	14,2%	1,27	-11,2%	1,43	1,25	16,0%

Management or rotation

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Need background in operating working capital	29 days	-43,1%	51 days	27,5%	40 days	3 days	866,7%
Treasury	5 days	0%	0 days	0%	8 days	19 days	-73,7%
Inventory turnover of goods	days	-	days	-	days	0 days	-
Average length of credit granted to customers	85 days	-29,2%	120 days	17,6%	102 days	50 days	70,0%
Average length of credit obtained suppliers	60 days	-45,0%	109 days	419,0%	21 days	43 days	39,5%
More ratios
Inventory turnover of raw materials in industrial enterprises	days	-	days	-	days	21 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	202,50 days	-
Rotation tangible assets	1693,28%	36,8%	1237,90%	3,4%	1196,92%	232,34%	628,8%

Profitability of the business

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Margin trading	0%	0%	0%	0%	0	0%	0%
Profitability of the business	9,33	11,7%	8,35	-16,6%	10,01	5,77%	61,7%
Net profit	4,32%	3,8%	4,16%	2,5%	4,06%	2,09%	106,7%
More ratios
Growth rate of turnover (excluding VAT)	4,56%	-37,4%	7,29%	-70,7%	24,91%	2,67%	70,8%
Rates integration	48,84%	-9,8%	54,13%	-16,7%	65,02%	48,05%	1,6%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	78,20%	-4,2%	81,62%	-2,6%	83,83%	83,24%	-6,1%
Weight interests	0,11	-21,4%	0,14%	-36,4%	0,22%	0,42%	-73,8%

Return on capital

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Cash flow from the overall profitability	6,12%	-5,1%	6,45%	-13,3%	7,44%	6,53%	-6,3%
Rates of economic profitability	62%	63,2%	38%	-20,8%	48%	16%	287,5%
Financial profitability	1608986%	4,1%	1546324%	13,3%	1364975%	242929%	562,3%
Return on investment	29,47%	48,9%	19,79%	-3,7%	20,55%	7,48%	294,0%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Turnover	11 452 973	4,6%	10 953 980	7,3%	10 209 410	1 292 258 €	786,3%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	0	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	0 €	0%	0 €	0 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0,00 % CA	0 % CA	0%

Sale of goods produced	11 452 973	4,6%	10 953 980	7,3%	10 209 410
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	11 452 973 €	4,6%	10 953 980 €	7,3%	10 209 410 €	1 258 429 €	810,1%
	100,00 % CA	0%	100,00 % CA	0%	100,00 % CA	100 % CA	0%

Trading margin	0	0%	0	0%	0	0	0%
+ Period Production	11 452 973	4,6%	10 953 980	7,3%	10 209 410	1 258 429	810,1%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	5 858 840	16,6%	5 024 078	40,7%	3 571 614
Added value	5 594 133 €	-5,7%	5 929 902 €	-10,7%	6 637 796 €	544 604 €	927,2%
	48,84 % CA	-9,8%	54,13 % CA	-16,7%	65,02 % CA	48,05 % CA	1,6%

Added value	5 594 133 €	-5,7%	5 929 902 €	-10,7%	6 637 796 €	544 604 €	927,2%
+ Operating grants	150 756	5,9%	142 303	-39,6%	235 785
- Tax, duty and similar payments	301 861	-4,9%	317 529	10,7%	286 882
- Personal charges	4 374 442	-9,6%	4 839 938	-13,0%	5 564 793
Gross operating surplus	1 068 586 €	16,8%	914 738 €	-10,5%	1 021 906 €	44 757 €	2287,5%
	9,33 % CA	11,7%	8,35 % CA	-16,6%	10,01 % CA	5,77 % CA	61,7%

Gross operating surplus	1 068 586 €	16,8%	914 738 €	-10,5%	1 021 906 €	44 757 €	2287,5%
+ Release of reserves and provisions	0	0%	0	0%	0
+ Other operating income	11 714	-92,5%	156 654	-60,0%	391 762
- Depreciation/Amortisation	206 413	-17,7%	250 903	-27,4%	345 664
- Other charges	319	-97,4%	12 485	3076,8%	393
Operating result	873 568 €	8,1%	808 004 €	-24,3%	1 067 611 €	13 885 €	6191,5%
	7,63 % CA	3,4%	7,38 % CA	-29,4%	10,46 % CA	1,92 % CA	297,4%

Operating result	873 568 €	8,1%	808 004 €	-24,3%	1 067 611 €	13 885 €	6191,5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	9 791	238,6%	2 892	-30,9%	4 185
- Financial charges	12 951	-12,7%	14 843	-34,7%	22 723
Pre-tax result	870 408 €	9,3%	796 053 €	-24,1%	1 049 073 €	10 136 €	8487,3%
	7,60 % CA	4,5%	7,27 % CA	-29,3%	10,28 % CA	1,36 % CA	458,8%

Extraordinary income	150 580	19,8%	125 691	66,5%	75 479	15 356	880,6%
- Extraordinary charges	123 143	24,5%	98 902	-68,3%	312 147
Extraordinary result	27 437 €	2,4%	26 789 €	111,3%	-236 668 €	2 587 €	960,6%
	0,24 % CA	0%	0,24 % CA	110,3%	-2 % CA	0,29 % CA	-17,2%

Pre-tax result	870 408 €	9,3%	796 053 €	-24,1%	1 049 073 €	10 136 €	8487,3%
Extraordinary result	27 437 €	2,4%	26 789 €	111,3%	-236 668 €	2 587 €	960,6%
- Employee profit sharing	139 535	18,3%	117 908	-8,5%	128 828
- Tax on profits	263 341	5,8%	248 874	-7,6%	269 376
Net result	494 969 €	8,5%	456 060 €	10,1%	414 201 €	20 153 €	2356,1%
	4,32 % CA	3,8%	4,16 % CA	2,5%	4,06 % CA	2,06 % CA	109,7%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Company details

Activity (APE)	Transports routiers réguliers de voyageurs (4939A)
RCS Registration	RCS Melun 9 418 872 537	Share capital	300,000 Euros
Registration Court	Melun (77)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	19 9 8B00375	EUR VAT Number	FR83418872537
Incorporation Date	05/1998	Formation Date	05/1998
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Acronym	JLI
Activity (APE)	Transports routiers réguliers de voyageurs (4939A)	Business Pages FT®
Postal Address	J.L. INTERNATIONAL JLI ZAE JEAN MONNET 1 RUE PAUL HENRI SPAAK 77240 VERT SAINT DENIS	Trading Address	1 RUE PAUL HENRI SPAAK 77240 VERT SAINT DENIS
Telephone	01 60 68 75 63
Fax

Type	Head office	Status	Economically active
Formation Date	05/2009	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Seine-et-Marne (77)	Region	Ile-de-France
District		Area
City	VERT SAINT DENIS	Size of urban area

Other establishments

Branches	4 branch entities in this company
Head office	> J.L. INTERNATIONAL <<<  - Transports routiers réguliers de voyageurs (4939A) in VERT SAINT DENIS  (77240)
Secondary establishments	>  J.L. INTERNATIONAL  - Transports routiers réguliers de voyageurs (4939A) in CESSON SEVIGNE  (35510) >  J.L. INTERNATIONAL  - Transports routiers réguliers de voyageurs (4939A)  in VILLENEUVE D'ASCQ  (59650) >  J.L. INTERNATIONAL  - Transports routiers réguliers de voyageurs (4939A)  in VERT SAINT DENIS  (77240) >  J.L. INTERNATIONAL  - Transports routiers réguliers de voyageurs (4939A)  in LILLE  (59800)

Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

500 to 999 employees

Company workforce

500 to 999 employees

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	28/08/2008
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
08/05/2013	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 1104 - 418 872 537 RCS Melun. J. L. INTERNATIONAL. Forme : Société par actions simplifiée à associé unique. Sigle : J. L. I. Administration : Commissaire aux comptes suppléant : AVENARD Martine Commissaire aux comptes titulaire : KPMG AUDIT PARIS-CENTRE en fonction le 13 Juillet 2012 Président : 2BR Mobilité en fonction le 26 Avril 2013 Directeur général : BJ INVESTIOM en fonction le 26 Avril 2013. Activité : . Commentaires : Modification de représentant. Modification de la forme juridique.
21/04/2013	JAL	Appointment of the social representative
Moniteur de Seine et Marne (Le) Date de décision : 25/04/2013 Société faisant l'objet d'une nomination : 418872537 - J.L. INTERNATIONAL, JLI, 1 RUE PAUL HENRI SPAAK, ZAE JEAN MONNET, 77240 VERT SAINT DENIS Nominé : 752538314 - 2BR MOBILITE, 1 RUE PAUL HENRI SPAAK, ZAE JEAN MONNET, 77240 VERT SAINT DENIS En la fonction de : Président Nominé : Non renseignée BJ INVESTIOM, B-1000 BRUXELLES En la fonction de : Directeur général
21/04/2013	JAL	Resignation / Revocation of the social representative
Moniteur de Seine et Marne (Le) Date de décision : 25/04/2013 La société 418872537 - J.L. INTERNATIONAL, JLI, 1 RUE PAUL HENRI SPAAK, ZAE JEAN MONNET, 77240 VERT SAINT DENIS Fait l'objet du départ de 2BR
21/08/2012	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 5878 - 418872537 RCS. J. L. INTERNATIONAL. Forme : Société par actions simplifiée. Adresse : 1 rue Paul Henri Spaak Zae Jean Monnet 77240 Vert-Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
22/07/2012	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 776 - 418 872 537 RCS Melun. J. L. INTERNATIONAL. Forme : Société par actions simplifiée. Sigle : J. L. I. Administration : Commissaire aux comptes suppléant : AVENARD Martine Commissaire aux comptes titulaire : KPMG AUDIT PARIS-CENTRE en fonction le 13 Juillet 2012 Président : 2BR en fonction le 13 Juillet 2012. Activité : . Commentaires : Modification de représentant.
08/07/2012	JAL	Appointment of the social representative
Moniteur de Seine et Marne (Le) Date de décision : 24/05/2012 Société faisant l'objet d'une nomination : 418872537 - J.L. INTERNATIONAL, JLI, 1 RUE PAUL HENRI SPAAK, ZAE JEAN MONNET, 77240 VERT SAINT DENIS Nominé : 523222370 - 2BR, 1 RUE PAUL HENRI SPAAK, ZAE JEAN MONNET, 77240 VERT SAINT DENIS En la fonction de : Président
08/07/2012	JAL	Resignation / Revocation of the social representative
Moniteur de Seine et Marne (Le) Date de décision : 24/05/2012 La société 418872537 - J.L. INTERNATIONAL, JLI, 1 RUE PAUL HENRI SPAAK, ZAE JEAN MONNET, 77240 VERT SAINT DENIS Fait l'objet du départ de Monsieur Bruno JAN, De Monsieur Patrice LEFEVRE
14/11/2011	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 9709 - 418872537 RCS. J.L. INTERNATIONAL. Forme : Société par actions simplifiée. Adresse : 1 rue Paul Henri Spaak Z.A.E. Jean Monnet 77240 Vert-Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
26/08/2010	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 2037 - 418 872 537 RCS Melun. J.L. INTERNATIONAL. Forme : Société par actions simplifiée. Sigle : J.L.I. Administration : Président de la société : JAN Bruno Loîc Joseph Directeur général : LEFEVRE Patrice Henri Commissaire aux comptes titulaire : KPMG S.A. Commissaire aux comptes suppléant : AVENARD Martine. Capital : 300000 EUR. Activité : Transport public routier de personnes. Transport public routier de marchandises et de loueur de véhicules. Centre de gestion, contrôle et exploitation technique du matériel et des hommes relatif à la profession de transporteur public routier de personnes et de marchandises ainsi que de loueur de véhicules. L'import, l'export et la distribution de tous types de matériels et produits, la représentation de sociétés. L'achat, la vente et la gestion de biens immobi- liers et mobiliers, neufs ou d'occasion. Adresse de l’établissement principal : 1 rue Paul Henri Spaak, Z.A.E. Jean Monnet, 77240 Vert-Saint-Denis. Adresse du siège social : 1 rue Paul Henri Spaak, Z.A.E. Jean Monnet, 77240 Vert-Saint-Denis. Commentaires : Changement de directeur général Changement de Président. Date de commencement de l’activité : 19/05/1998. Date d’effet : 22/06/2010.
23/08/2010	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 9168 - 418872537 RCS. J.L. INTERNATIONAL. Forme : Société par actions simplifiée. Adresse : 1 rue Paul Henri Spaak Z.A.E. Jean Monnet 77240 Vert-Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
03/07/2010	JAL	Appointment of the social representative
LE MONITEUR Société faisant objet d'une nomination : 418872537 - J.L. INTERNATIONAL, JLI, 1 RUE PAUL HENRI SPAAK, ZAE JEAN MONNET, 77240 VERT SAINT DENIS Nominé : Monsieur Patrice LEFEVRE, 33 BOULEVARD 33 B BOULEVARD ARISTIDE BRIAND, 77920 SAMOIS SUR SEINE En la fonction de : DG - Directeur Général
03/07/2010	JAL	Appointment of the social representative
LE MONITEUR Société faisant objet d'une nomination : 418872537 - J.L. INTERNATIONAL, JLI, 1 RUE PAUL HENRI SPAAK, ZAE JEAN MONNET, 77240 VERT SAINT DENIS Nominé : Monsieur Bruno JAN, 51 RUE 51 RUE DES FEUILLARDES, 77920 SAMOIS SUR SEINE En la fonction de : Président
03/07/2010	JAL	Resignation / Revocation of the social representative
LE MONITEUR Date de décision : 22/06/2010 La société 418872537 - J.L. INTERNATIONAL, JLI, 1 RUE PAUL HENRI SPAAK, ZAE JEAN MONNET, 77240 VERT SAINT DENIS Fait l'objet du départ de Monsieur Patrice LEFEVRE, 33 BOULEVARD 33 B BOULEVARD ARISTIDE BRIAND, 77920 SAMOIS SUR SEINE
03/07/2010	JAL	Resignation / Revocation of the social representative
LE MONITEUR Date de décision : 22/06/2010 La société 418872537 - J.L. INTERNATIONAL, JLI, 1 RUE PAUL HENRI SPAAK, ZAE JEAN MONNET, 77240 VERT SAINT DENIS Fait l'objet du départ de Monsieur Bruno JAN, 51 RUE 51 RUE DES FEUILLARDES, 77920 SAMOIS SUR SEINE
15/10/2009	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 2786 - 418 872 537 RCS Melun. J.L. INTERNATIONAL. Forme : Société par actions simplifiée. Sigle : J.L.I. Administration : Président de la société : LEFEVRE Patrice Henri Directeur général : JAN Bruno Loïc Joseph Commissaire aux comptes titulaire : KPMG S.A. Commissaire aux comptes suppléant : AVENARD Martine. Capital : 300000 EUR. Activité : Transport public routier de personnes. Transport public routier de marchandises et de loueur de véhicules. Centre de gestion, contrôle et exploitation technique du matériel et des hommes relatif à la profession de transporteur public routier de personnes et de marchandises ainsi que de loueur de véhicules. L'import, l'export et la distribution de tous types de matériels et produits, la représentation de sociétés. L'achat, la vente et la gestion de biens immobi- liers et mobiliers, neufs ou d'occasion. Adresse de l’établissement principal : 1 rue Paul Henri Spaak, Z.A.E. Jean Monnet, 77240 Vert-Saint-Denis. Adresse du siège social : 1 rue Paul Henri Spaak, Z.A.E. Jean Monnet, 77240 Vert-Saint-Denis. Commentaires : Transfert du siège et de l'établissement principal avec création. Date de commencement de l’activité : 19/05/1998. Date d’effet : 15/05/2009.
30/07/2009	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 10879 - 418872537 RCS. J.L. INTERNATIONAL. Forme : Société par actions simplifiée. Adresse : Z.A.E. 3 rue des Fossés 77240 Vert-Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
14/08/2008	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 8019 - 418872537 RCS. J.L. INTERNATIONAL. Forme : Société par actions simplifiée. Adresse : Z.A.E. 3 rue des Fossés 77240 Vert-Saint-Denis. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
18/03/2008	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 7022 - 418 872 537 RCS Melun. J.L. INTERNATIONAL. Forme : Société par actions simplifiée. Sigle : J.L.I. Administration : Président de la société : LEFEVRE Patrice Henri. Directeur général : JAN Bruno Loïc Joseph. Commissaire aux comptes titulaire : KPMG S.A.. Commissaire aux comptes suppléant : AVENARD Martine. Capital : 300000 EUR. Activité : Transport public routier de personnes. Transport public routier de marchandises et de loueur de véhicules. Centre de gestion, contrôle et exploitation technique du matériel et des hommes relatif à la profession de transporteur public routier de personnes et de marchandises ainsi que de loueur de véhicules. L'import, l'export et la distribution de tous types de matériels et produits, la représentation de sociétés. L'achat, la vente et la gestion de biens immobi- liers et mobiliers, neufs ou d'occasion. Adresse de l’établissement principal : Z.A.E. 3 rue des Fossés, 77240 Vert-Saint-Denis. Adresse du siège social : Z.A.E. 3 rue des Fossés, 77240 Vert-Saint-Denis. Commentaires : Transformation en S.A.S.+augm.capital Augmentation de capital. Date de commencement de l’activité : 19/05/1998. Date d’effet : 28/12/2007.
17/08/2007	Bodacc C	Avis de dépôt des comptes
6734 - 418 872 537. RCS Melun J.L. INTERNATIONAL. Forme: Société à Responsabilité Limitée. Adresse du siège social: Zaé - 3 rue des Fossés Vert-Saint-Denis , 77240 Cesson. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
28/01/2007	Bodacc B	Modifications et mutations diverses
2959 - RCS Melun B 418 872 537. RC 98-B 375. J.L. INTERNATIONAL. Forme : S.A.R.L. Capital : 7 622 euros. Adresse du siège social : Z.A.E., 3 rue des Fossés,, Vert-Saint-Denis, 77240 Administration : cogérants : LEFEVRE (Patrice, Henri) JAN (Bruno, Loïc, Joseph). Nomination en qualité de commissaire aux comptes titulaire : K.P.M.G. S.A. Nomination en qualité de commissaire aux comptes suppléant : Mme AVENARD (Martine). Etablissement principal - Activité : transport public routier de personnes, de marchandises et loueur de véhicules centre de gestion, contrôle et exploitation technique du matériel et des hommes, relatif à la profession de transporteur public routier de personnes et de marchandises, ainsi qu'à celle de loueur de véhicules. Import-export et distribution de tous types de matériel et de produits. Représentation de sociétés. Achat, vente, gestion de biens immobiliers et mobiliers, neufs ou d'occasion . Adresse : Z.A.E., 3 rue des Fossés, Vert-Saint-Denis, 77240 Date d'effet : 1er janvier 2006.
16/07/2006	Bodacc C	Avis de dépôt des comptes
4765 - RCS Melun B 418 872 537. RC 98-B 375. J.L. INTERNATIONAL. Forme: S.A.R.L. . Adresse du siège social: Zae - 3, rue des Fossés,Vert Saint Denis, 77240 Cesson. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
02/08/2005	Bodacc C	Avis de dépôt des comptes
4546 - RCS Melun B 418 872 537. RC 98-B 375. J.L. INTERNATIONAL. Forme: S.A.R.L. . Adresse du siège social: Zae - 3, rue des Fossés,Vert Saint Denis, 77240 Cesson. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
16/02/2005	Bodacc C	Avis de dépôt des comptes
4569 - RCS Melun B 418 872 537. RC 98-B 375. J.L. INTERNATIONAL. Forme: S.A.R.L. . Adresse du siège social: Zae - 3, rue des Fossés,Vert Saint Denis, 77240 Cesson. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
07/05/2003	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Melun B 418872537 RC 98-B 375 J.L. INTERNATIONAL. Forme : S.A.R.L. Capital : 7 622 euros. Adresse : Hotel Industriel Leroy, 4 rue Pasteur, 77310 Saint- Fargeau-Ponthierry Nouvelle situation du siège social. Adresse : Z.A.E., 3 rue des Fossés, Vert-Saint-Denis 77240 Cesson Etablissement principal: Activité : transport public routier de personnes ou de marchandises et loueur de véhicules centre de gestion, de controle, d'exploitation technique de matériel ou d'hommes relatif à la profession de transporteur public routier de personnes ou de marchandises, ainsi que loueur de véhicules. Import- export, distribution de tous types de matériel ou de produits et représentation de sociétés. Achat, vente, gestion de biens immobiliers et mobiliers, neufs ou d'occasion. Adresse : hotel industriel Leroy, 4 rue Pasteur, 77310 Saint-Fargeau-Ponthierry ETABLISSEMENT PRINCIPAL nouvelle situation. Adresse : Z.A.E., 3 rue des Fossés, Vert-Saint-Denis 77240 Cesson. Date d'effet : 1 e r février 2003.
25/06/2002	Bodacc B	Modifications et mutations diverses
RCS Melun B 418872537 RC 98-B 375 J.L. INTERNATIONAL. Forme : S.A.R.L. Capital : 7 622 euros. Adresse du siège social : Hotel Industriel Leroy, 4 rue Pasteur, 77310 Saint-Fargeau-Ponthierry. Administration : cogérant : LEFEVRE ( Patrice, Henri). Nouveau cogérant : JAN (Bruno, Loic, Joseph) Etablissement principal: Activité : transport public routier de personnes, de marchandises et loueur de véhicules centre de gestion, controle, exploitation technique du matériel et des hommes relatif à la profession de transport public routier de personnes et de marchandises ainsi que de loueur de véhicules. Import-export, distribution de tous types de matériel et de produits, représentation de sociétés. Achat, vente, gestion de biens immobiliers et mobiliers, neufs ou d' occasion. Adresse : Hotel Industriel Leroy, 4 rue Pasteur, 77310 Saint- Fargeau-Ponthierry. Date d'effet : 1 e r janvier 2002.
20/01/2002	Bodacc B	Modifications et mutations diverses
RCS Melun B 418872537 RC 98-B 375 J.L. INTERNATIONAL. Forme : S.A.R.L. Capital : 7 622 euros. Adresse du siège social : hotel industriel Leroy, 4 rue Pasteur, 77310 Saint-Fargeau-Ponthierry. Administration : gérant : LEFEVRE ( Patrice, Henri). Ancien gérant : M l l e RIBOT (Virginia, Christiane, Madeleine) Etablissement principal: Activité : transport public routier de personnes ou de marchandises et loueur de véhicules centre de gestion, de controle, d'exploitation technique de matériel ou d'hommes relatif à la profession de transporteur public routier de personnes ou de marchandises, ainsi que loueur de véhicules. Import- export, distribution de tous types de matériel ou de produits et représentation de sociétés. Achat, vente, gestion de biens immobiliers et mobiliers, neufs ou d'occasion. Adresse : hotel industriel Leroy, 4 rue Pasteur, 77310 Saint-Fargeau-Ponthierry. Date d'effet : 1 e r décembre 2001.
30/09/1999	Bodacc B	Modifications et mutations diverses
o. RCS Melun B 418 872 537 RC 98-B 375 J. L. INTERNATIONAL. Forme : S.A.R.L. Capital : 50 000 F. Adresse du siège social : 4, rue Pasteur, hotel industriel Leroy 77310 Saint-Fargeau-Ponthierry. Commentaires : ancienne adresse du siège social : 194, rue Saint-Just, 77000 Vaux-le-Pénil. Ancienne activité : import-export et distribution de tous types de matériels et de produits, représentation de sociétés, achat, vente et gestion de biens, immobiliers et mobiliers, neufs ou d'occasion Etablissement principal: Activité : transport public routier de personnes, de marchandises et loueur de véhicules, centre de gestion, controle et exploitation technique du matériel et des hommes relatifs à la profession de transporteur public routier de personnes et de marchandises ainsi que de loueur de véhicules, import-export et distribution de tous types de matériels et produits, représentation de sociétés, achat, vente et gestion de biens immobiliers et mobiliers, neufs ou d'occasion. Adresse : 4, rue Pasteur, hotel industriel Leroy 77310 Saint- Fargeau-Ponthierry. Date d'effet : 22 aout 1999 Date de début d'activité: 19 mai 1998.
14/06/1998	Bodacc A	Création d'établissement
RCS Melun B 418 872 537 A dater du: 29 mai 1998 RC 98-B 375 J.L. INTERNATIONAL. Forme : S.A.R.L. Capital : 50 000 F. Adresse du siège social : Z.I., 194 rue Saint-Just Vaux-le-Pénil 77000 Melun. Administration : gérant : Mlle RIBOT ( Virginia, Christiane, Madeleine) Cette société se constitue Etablissement principal: Activité : import-export, distribution de tous types de matériel et de produits représentation de sociétés. Achat, vente, gestion de biens immobiliers et mobiliers, neufs ou d'occasion. Adresse : Z.I., 194 rue Saint-Just Vaux-le-Pénil 77000 Melun Date de début d'activité: 19 mai 1998.

Company events history

Date	Description
20/10/2013	Update Rating
20/10/2013	Update Limit
16/10/2013	Update Rating
16/10/2013	Update Limit
18/07/2013	Minutes of general meeting of shareholders
18/07/2013	Updated articles of association
18/07/2013	New closing date
17/07/2013	Update Limit
17/07/2013	Update Rating
08/05/2013	Bodacc B: Various editing or changing
26/04/2013	Amendment
26/04/2013	Updated articles of association
26/04/2013	New closing date
26/04/2013	New chairman (CEO, CoB)
26/04/2013	Changes to the Board of Directors
25/04/2013	Legal Gazette: Appointment of the social representative
25/04/2013	Modification to Company Identifier
25/04/2013	Update of Company Legal Form
25/04/2013	Update of Company Workforce
21/04/2013	Legal Gazette: Resignation / Revocation of the social representative
02/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
13/09/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
21/08/2012	Bodacc C : Deposit accounts notice
22/07/2012	Bodacc B: Various editing or changing
13/07/2012	New auditor
13/07/2012	Updated articles of association
13/07/2012	Changes to the Board of Directors
13/07/2012	New chairman (CEO, CoB)
13/07/2012	Amendment
08/07/2012	Legal Gazette: Resignation / Revocation of the social representative
24/05/2012	Legal Gazette: Appointment of the social representative
02/03/2012	New parent detected
31/12/2011	New accounts available
14/11/2011	Bodacc C : Deposit accounts notice
29/10/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
26/10/2010	Updated articles of association
26/10/2010	Statuts mis à jour
26/10/2010	PV d'Assemblée
26/10/2010	Minutes of general meeting of shareholders
26/08/2010	Bodacc B: Various editing or changing
23/08/2010	Bodacc C : Deposit accounts notice
09/08/2010	Changes to the Board of Directors
09/08/2010	New chairman (CEO, CoB)
09/08/2010	Nomination/démission des organes de gestion
09/08/2010	PV d'Assemblée
09/08/2010	Changement de Président (PDG, PCA)
09/08/2010	Appointment/resignation of company officers
09/08/2010	Minutes of general meeting of shareholders
03/07/2010	Legal Gazette: Resignation / Revocation of the social representative
22/06/2010	Legal Gazette: Appointment of the social representative
31/12/2009	New accounts available
15/10/2009	Bodacc B: Various editing or changing
14/10/2009	Updated articles of association
14/10/2009	Statuts mis à jour
14/10/2009	Minutes of general meeting of shareholders
14/10/2009	PV d'Assemblée
30/09/2009	Amendment
30/09/2009	Registered office transferred inside jurisdiction of the Commercial Court
30/09/2009	Acte modificatif
30/09/2009	Updated articles of association
30/09/2009	Transfert du Siège dans le ressort du Tribunal de Commerce
30/09/2009	Statuts mis à jour
30/07/2009	Bodacc C : Deposit accounts notice
15/05/2009	Transfer of Establishment
15/05/2009	Update of Company Head Office Identifier
31/12/2008	New accounts available
28/08/2008	Collection of preferential rights activated for this company
14/08/2008	Bodacc C : Deposit accounts notice
18/03/2008	Bodacc B: Various editing or changing
18/03/2008	New Bodacc B ads detected
21/02/2008	Acte modificatif
21/02/2008	Rapport des Commissaires ou du Gérant
21/02/2008	Change to company acronym or name
21/02/2008	Updated articles of association
21/02/2008	Statuts mis à jour
21/02/2008	Minutes of general meeting of shareholders
21/02/2008	PV d'Assemblée
21/02/2008	Appointment/resignation of company officers
21/02/2008	Private document
21/02/2008	Modification du Conseil d'Administration
21/02/2008	Changes to the Board of Directors
21/02/2008	Sale of shares
21/02/2008	Capital increase
21/02/2008	Augmentation de Capital
21/02/2008	Changement de Forme Juridique avec changement de catégorie
21/02/2008	New legal form – no new category
31/12/2007	New accounts available
15/01/2007	Appointment/resignation of company officers
15/01/2007	Private document
15/01/2007	PV d'Assemblée
15/01/2007	Minutes of general meeting of shareholders
15/01/2007	Changement de Commissaire aux Comptes
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
17/04/2003	PV d'Assemblée
17/04/2003	Statuts mis à jour
17/04/2003	Transfert du Siège dans le ressort du Tribunal de Commerce
17/04/2003	Acte sous seing privé
09/04/2002	PV d'Assemblée
09/04/2002	Acte sous seing privé
09/04/2002	Changement de Gérant
09/04/2002	Nomination/démission des organes de gestion
08/01/2002	PV d'Assemblée
08/01/2002	Acte sous seing privé
08/01/2002	Changement de Gérant
08/01/2002	Nomination/démission des organes de gestion
16/09/1999	Acte sous seing privé
16/09/1999	PV d'Assemblée
16/09/1999	Statuts mis à jour
16/09/1999	Transfert du Siège dans le ressort du Tribunal de Commerce
16/09/1999	Modification de l'objet social
29/05/1998	Statuts
29/05/1998	Acte sous seing privé
29/05/1998	PV d'Assemblée
29/05/1998	Nomination/démission des organes de gestion
29/05/1998	Formation de Société

Establishment events history

Date	Description
07/09/2013	Update Rating
25/04/2013	Modification of Head office
25/04/2013	Update of Establishment Workforce
02/03/2013	Update Rating
13/09/2012	Update Limit
13/09/2012	Update Rating
08/09/2012	Update Rating
29/10/2011	Update Limit
29/10/2011	Update Rating
01/09/2011	Update Rating
23/08/2011	Update of phone numbers
19/10/2010	Update of phone numbers
05/10/2010	Update of phone numbers
26/08/2010	Update Rating
19/07/2010	Update Limit
19/07/2010	Update Rating
05/06/2010	Update Rating
29/12/2009	Update Rating
19/10/2009	Update Rating
06/10/2009	Update Rating
24/07/2009	Update Limit
15/05/2009	Formation 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.

The creditor days are 31.33

The stock to turnover ratio is 0

The decrease in the gearing percentage over the last two accounting periods is 77 %

Low risk workforce size

Industry code with low risk rating

Department code with low risk rating

The risk provisions are 108,335 €

The company has 2 director(s)

The pre-tax profit is 758,311 €

The shareholder's equity is 1,608,986 €

The sales to current assets ratio is 3,43

The ratio total assets to total liabilities is 1,67

The return on total assets employed is 18.86

The total assets are 4,020,258 €

The liabilities are 2,302,937 €

The net current assets are 3,341,540 €

The net turnover is below the average of its class

The decrease of tangible fixed assets over the last two accounting periods is 33 %

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.43
UK Pound	1	Rs.102.48
Euro	1	Rs.85.28

INFORMATION DETAILS

Report Prepared by :

PDT

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.