MIRA INFORM REPORT

Report Date :

27.02.2014

IDENTIFICATION DETAILS

Name :	ALL'OCEAN
Registered Office :	Parc Activites Kermarquer, 56470 La Trinite Sur Mer
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	July 1995
Com. Reg. No.:	RCS Lorient 0 401 482 674
Legal Form :	Simplified Joint Stock Company
Line of Business :	Retail sale of clothing in specialized stores
No. of Employees	08 (31.12.2010)

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 – 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 4.5% of GDP in 2012, while France's public debt rose from 68% of GDP to 89% 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

ALL'OCEAN

SIRET

401 482 674 00033

Company summary

FR03877712	EUR VAT Number	FR04401482674
Retail sale of clothing in specialized stores (4771Z)	Legal form	Simplified joint stock company
02 90 93 61 37	RCS Registration	RCS Lorient 0 401 482 674
02 97 55 74 20	Share capital	38,112 Euros
ALL'OCEAN PARC ACTIVITES KERMARQUER 56470 LA TRINITE SUR MER	Incorporated Date	07/1995
France	Status	Economically active

Company details

Activity (APE)	Retail sale of clothing in specialized stores (4771Z)
RCS Registration	RCS Lorient 0 401 482 674	Share capital	38,112 Euros
Registration Court	Lorient (56)	Legal form	Simplified joint stock company
Court Registry Number	20 0 0B00295	EUR VAT Number	FR04401482674
Incorporation Date	07/1995	Formation Date	07/1995
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Retail sale of clothing in specialized stores (4771Z)	Business Pages FT®	FABRICATION DE VETEMENTS POUR HOMMES
Postal Address	ALL'OCEAN PARC ACTIVITES KERMARQUER 56470 LA TRINITE SUR MER	Trading Address	PARC ACTIVITES KERMARQUER 56470 LA TRINITE SUR MER
Telephone	02 90 93 61 37
Fax	02 97 55 74 20

Type	Head office	Status	Economically active
Formation Date	06/2000	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Store
Location surface	From 300 m² to less than 400 m²	Seasonality

Department	Morbihan (56)	Region	Bretagne
District	1	Area	30
City	LA TRINITE SUR MER	Size of urban area

DIRECTORS/MANAGEMENT

Current Directors

1

Directors

Name	M. FEAT JEAN-MARC
Manager position	President	Date of birth	23/05/1958
Place of birth	MORLAIX
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M JEAN MARC FEAT	23/05/1958 - MORLAIX

NEGATIVE INFORMATION

Judgements

Collective procedures

 No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Shareholders

No Shareholders available for this company

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

Group Structure

No group information available for the company

FINANCIAL INFORMATION

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	1,453,145 €	1,676,293 €	1,500,139 €
Gross Operating Surplus	3,69 % Turnover	5,33 % Turnover	14,57 % Turnover
Shareholders’ equity	459,156 €	453,471 €	422,837 €
Net result	15,685 €	40,634 €	122,870 €
Employees	6 to 9 employees	-	-

Trends

Profitability

Liquidity

Net worth

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	19/09/2013	15/06/2013	19/08/2011
Activity Code	4771Z	4771Z	4771Z
Employees	0	0	8

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	487 346	-9,8%	540 405	62,0%	333 635	77 290	530,5%
- Intangible assets	351 553	-11,8%	398 738	82,3%	218 713	44 210	695,2%
- Tangible assets	129 797	-2,4%	132 931	23,7%	107 426	11 233	1055,5%
- Financial assets	5 996	-31,4%	8 736	16,5%	7 496	1 630	267,9%
Net current assets	540 534	-14,0%	628 367	8,0%	582 079	92 317	485,5%
- Stocks	462 673	-10,2%	515 083	22,8%	419 346	41 600	1012,2%
- Advanced payments	4 420	-14,0%	10 124	-46,7%	19 000	0	0%
- Receivables	55 163	-39,0%	90 444	20,8%	74 843	7 917	596,8%
- Securities and cash	18 278	43,7%	12 716	-81,5%	68 890	14 403	26,9%
- Prepaid expenses	-	-	-	-	-	394	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	1 027 882	-12,1%	1 168 771	27,6%	915 714	194 499	428,5%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	459 156	1,3%	453 471	7,2%	422 837	40 812	1025,1%
Share capital	38 112	0%	38 112	0%	38 112	8 000	376,4%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	568 727	-20,5%	715 300	45,1%	492 878	128 373	343,0%
- Financial liabilities	395 245	-21,3%	502 528	69,8%	296 014	42 480	830,4%
- Advanced payments received	103	0%	0	0%	0	0	0%
- Trade account payables	16 289	-36,8%	25 758	22,7%	21 001	24 602	-33,8%
- Tax and social liabilities	157 090	-16,0%	187 014	12,4%	166 382	20 117	680,9%
- Other debts and fixed assets liabilities	0	0%	0	0%	9 480	4 963	0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	1 027 882	-12,1%	1 168 771	27,6%	915 715	194 544	428,4%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	1 490 096	-13,9%	1 731 081	12,4%	1 539 952	236 415	530,3%
Net turnover	1 453 145	-13,3%	1 676 293	11,7%	1 500 139	231 971	526,4%
- of which net export turnover	0	0%	0	0%	0	0	0%
Operating charges	1 454 030	-12,3%	1 657 613	22,2%	1 356 947	230 639	530,4%
Operating profit/loss	36 066	-50,9%	73 468	-59,9%	183 005	5 494	556,5%
Financial income	146	-39,4%	241	-70,8%	824	0	0%
Financial charges	18 328	-19,7%	22 836	45,3%	15 716	1 459	1156,2%
Financial profit/loss	-18 182	19,5%	-22 595	-51,7%	-14 892	-1 030	-1665,2%
Pretax net operating income	17 884	-64,8%	50 873	-69,7%	168 113	3 711	381,9%
Extraordinary income	52 000	0%	0	0%	16 842	0	0%
Extraordinary charges	51 460	28020,2%	183	-99,3%	27 395	53	96994,3%
Extraordinary profit/loss	540	395,1%	-183	98,3%	-10 553	0	0%
Net result	15 685	-61,4%	40 634	-66,9%	122 870	3 932	298,9%

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	1 027 882	-12,1%	1 168 771	27,6%	915 714
	Gross	CO	1 027 882	-12,1%	1 168 771	2,2%	1 144 143
	Amortisation	1A	0	0%	0	0%	228 429

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	487 346	-9,8%	540 405	62,0%	333 635
	Gross	BJ	487 346	-9,8%	540 405	5,8%	510 846
	Amortisation	BK	0	0%	0	0%	177 211

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	1 672	0%	1 672	0%	1 672
	Gross	AF	1 672	0%	1 672	0%	1 672
	Amortisation	AG	0	0%	0	0%	0
	Goodwill	Net	345 400	-12,6%	395 400	85,3%	213 400
	Gross	AH	345 400	-12,6%	395 400	85,3%	213 400
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	4 481	1650,4%	256	-93,0%	3 641
	Gross	AJ	4 481	1650,4%	256	-96,5%	7 329
	Amortisation	AK	0	0%	0	0%	3 688
	Pre-payments and down payments	Net	0	0%	1 410	0%	0
	Gross	AL	0	0%	1 410	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	351 553	-11,8%	398 738	82,3%	218 713

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	38 584	-7,4%	41 672	-6,9%	44 760
	Gross	AP	38 584	-7,4%	41 672	-32,5%	61 763
	Amortisation	AQ	0	0%	0	0%	17 003
	Plant	Net	16 743	145,8%	6 811	119,9%	3 097
	Gross	AR	16 743	145,8%	6 811	-79,5%	33 286
	Amortisation	AS	0	0%	0	0%	30 189
	Other tangible fixed assets	Net	72 331	-14,3%	84 448	53,5%	55 014
	Gross	AT	72 331	-14,3%	84 448	-53,4%	181 345
	Amortisation	AU	0	0%	0	0%	126 331
	Fixed assets in construction	Net	2 139	0%	0	0%	4 555
	Gross	AV	2 139	0%	0	0%	4 555
	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	129 797		132 931		107 426

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	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	5 996	-31,4%	8 736	16,5%	7 496
	Gross	BH	5 996	-31,4%	8 736	16,5%	7 496
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		5 996		8 736		7 496

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	540 534	-14,0%	628 367	8,0%	582 079
	Gross	CJ	540 534	-14,0%	628 367	-0,8%	633 297
	Amortisation	CK	0	0%	0	0%	51 218

Stocks

		31/12/2012		31/12/2011		31/12/2010
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	462 673	-10,2%	515 083	22,8%	419 346
Gross	BT	462 673	-10,2%	515 083	11,2%	463 245
Amortisation	BU	0	0%	0	0%	43 899
Sub Total Stocks	Net	462 673	-10,2%	515 083	22,8%	419 346

Advance payments to suppliers

		31/12/2012		31/12/2011		31/12/2010
Advance payments to suppliers	Net	4 420	-56,3%	10 124	-46,7%	19 000
Gross	BV	4 420	-56,3%	10 124	-46,7%	19 000
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2012		31/12/2011		31/12/2010
Trade accounts receivable	Net	38 241	-15,3%	45 138	-14,9%	53 019
Gross	BX	38 241	-15,3%	45 138	-25,2%	60 338
Amortisation	BY	0	0%	0	0%	7 319
Other debtors	Net	12 664	-69,0%	40 897	258,2%	11 417
Gross	BZ	12 664	-69,0%	40 897	258,2%	11 417
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	50 905	-40,8%	86 035	33,5%	64 436

Divers

		31/12/2012		31/12/2011		31/12/2010
Investment securities	Net	0	0%	0	0%	60 000
Gross	CD	0	0%	0	0%	60 000
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	18 278	43,7%	12 716	43,0%	8 890
Gross	CF	18 278	43,7%	12 716	43,0%	8 890
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	18 278	43,7%	12 716	-81,5%	68 890

Prepaid expenses

		31/12/2012		31/12/2011		31/12/2010
Prepaid expenses	Net	4 258	-3,4%	4 409	-57,6%	10 407
Gross	CH	4 258	-3,4%	4 409	-57,6%	10 407
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	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)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to V)	EE	1 027 882	-12,1%	1 168 771	27,6%	915 715

Shareholder Equity (I)

		31/12/2012		31/12/2011		31/12/2010
Total shareholders' equity (Total I)	DL	459 156	1,3%	453 471	7,2%	422 837
Equity and shareholders' equity	DA	38 112	0%	38 112	0%	38 112
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	3 811	0%	3 811	0%	3 811
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	401 548	8,3%	370 914	43,7%	258 044
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	15 685	-61,4%	40 634	-66,9%	122 870
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	568 727	-20,5%	715 300	45,1%	492 878
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	319 625	-17,4%	387 179	70,8%	226 633
Sundry loans and financial liabilities	DV	75 620	-34,4%	115 349	66,3%	69 381
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	103	0%	0	0%	0
Trade accounts payables	DX	16 289	-36,8%	25 758	22,7%	21 001
Tax and social security liabilities	DY	157 090	-16,0%	187 014	12,4%	166 382
Fixed asset liabilities	DZ	0	0%	0	0%	9 480
Other debts	EA	0	0%	0	0%	0

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%	0

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	0	0%	0	0%	280 204
Of which current bank facilities	EH	0	0%	0	0%	1 713

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	36 066	-50,9%	73 468	-59,9%	183 005

2 - Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-18 182	19,5%	-22 595	-51,7%	-14 892

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	17 884	-64,8%	50 873	-69,7%	168 113

4 - Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	540	395,1%	-183	98,3%	-10 553

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	15 685	-61,4%	40 634	-66,9%	122 870

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	1 542 242	-10,9%	1 731 322	11,2%	1 557 618

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	1 526 556	-9,7%	1 690 687	17,8%	1 434 750

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	1 490 096	-13,9%	1 731 081	12,4%	1 539 952

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	Sale of goods for resale	FC	1 453 145	-13,3%	1 676 293	12,9%	1 484 297
	France	FA	1 453 145	-13,3%	1 676 293	12,9%	1 484 297
	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	0	0%	0	0%	15 842
	France	FG	0	0%	0	0%	15 842
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	1 453 145	-13,3%	1 676 293	11,7%	1 500 139
	France	FJ	1 453 145	-13,3%	1 676 293	11,7%	1 500 139
	Export	FK	0	0%	0	0%	0
	Stocked production	FM	0	0%	1 716	0%	0
	Self-constructed assets	FN	1 716	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	35 014	-33,7%	52 817	33,4%	39 606
	Other income	FQ	221	-13,3%	255	23,2%	207

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	1 454 030	-12,3%	1 657 613	22,2%	1 356 947

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	665 222	-26,4%	903 588	18,4%	762 952
Change in stocks of goods for resale	FT	53 013	166,2%	-80 038	-84,1%	-43 483
Purchase of raw materials	FU	538	1,3%	531	-89,9%	5 258
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	195 554	-14,3%	228 193	25,3%	182 173
Tax, duty and similar payments	FX	11 909	-6,9%	12 785	38,4%	9 235
Payroll	FY	338 489	-8,5%	370 052	41,6%	261 344
Social security costs	FZ	136 547	-11,1%	153 615	47,6%	104 085

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	24 949	-16,4%	29 858	2,8%	29 049
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	27 597	-29,0%	38 895	-15,7%	46 159
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	212	58,2%	134	-23,4%	175

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	146	-39,4%	241	-70,8%	824
	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	146	-39,4%	241	-70,8%	824
	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)

			31/12/2012		31/12/2011		31/12/2010
	Total financial charge (Total VI)	GU	18 328	-19,7%	22 836	45,3%	15 716
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	18 328	-19,7%	22 836	45,3%	15 716
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary income (Total VII)	HD	52 000	0%	0	0%	16 842
	Extraordinary operating income	HA	0	0%	0	0%	0
	Extraordinary income from capital transactions	HB	52 000	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	16 842

Extraordinary charges (VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	51 460	28020,2%	183	-99,3%	27 395
	Extraordinary operating charges	HE	140	-23,5%	183	-99,3%	26 141
	Extraordinary charges from capital transactions	HF	51 320	0%	0	0%	1 254
	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	2 738	-72,8%	10 055	-71,0%	34 692

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	0	0%	0	0%	1 565
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	1 410	0%	0	0%	0
	Decreases by transfers	OK2	54 228	2291,0%	2 268	-80,8%	11 790
	Gross value at the end of period	OL	716 929	-3,8%	745 205	45,9%	510 847

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	406 380	82,7%	222 401	0,5%	221 341
	Increases due to revaluation	KE	0	0%	0	0%	0
	Increases, acquisitions, creations, contributions	KF	4 700	-97,4%	183 979	17256,5%	1 060
	Decreases by budget item transfer	LV1	1 410	0%	0	0%	0
	Decreases by transfers	LV2	50 000	0%	0	0%	0
	Gross value at the end of period	LW	359 670	-11,5%	406 380	82,7%	222 401

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	330 089	17,5%	280 949	4,3%	269 286
	Increases due to revaluation	LO	0	0%	0	0%	0
	Increases, acquisitions, creations, contributions	LP	22 662	-55,9%	51 408	119,2%	23 452
	Decreases by budget item transfer	NG1	0	0%	0	0%	0
	Decreases by transfers	NG2	1 488	-34,4%	2 268	-80,8%	11 790
	Gross value at the end of period	NH	351 263	6,4%	330 089	17,5%	280 948

Financial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	8 736	16,5%	7 496	41,5%	5 296
	Increases due to revaluation	LR	0	0%	0	0%	0
	Increases, acquisitions, creations, contributions	LS	0	0%	1 240	-43,6%	2 200
	Decreases by budget item transfer	NJ1	0	0%	0	0%	0
	Decreases by transfers	NJ2	2 740	0%	0	0%	0
	Gross value at the end of period	NK	5 996	-31,4%	8 736	16,5%	7 496

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	0	0%	3 688	426,9%	700
Increases		PF	0	0%	3 954	32,3%	2 988
Decreases		PG	0	0%	0	0%	0
	Decreases by budget item transfer	PH	0	0%	7 642	107,2%	3 688

Total fixed assets amortisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	0	0%	173 524	9,8%	157 998
Increases		QV	0	0%	25 903	-0,6%	26 061
Decreases		QW	0	0%	2 268	-78,5%	10 536
	Decrease’s by budget item transfer	QX	0	0%	197 159	13,6%	173 523

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	0	0%	0	0%	59 942
Increases		UB	0	0%	0	0%	29 317
Decreases		UC	0	0%	0	0%	38 041
	Value at the end of period	UD	0	0%	0	0%	51 218

Includes Total allocations

Operating	UE	0	0%	0	0%	46 159
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	38 041
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%	16 842
Increases		TV	0	0%	0	0%	-16 842
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	0	0%	0	0%	43 100
Increases		TY	0	0%	0	0%	46 160
Decreases		TZ	0	0%	0	0%	38 041
	Value at the end of period	UA	0	0%	0	0%	51 219

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	72 172	-34,5%	110 192	53,2%	71 932
1 year at most	VU	66 176	-34,8%	101 456	57,5%	64 436
More than one year	VV	5 996	-31,4%	8 736	16,5%	7 496

State of loans

		31/12/2012		31/12/2011		31/12/2010
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	5 996	-31,4%	8 736	16,5%	7 496
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	13 171	0%	13 171	0%	0
Other claims customer	UX	36 082	-16,0%	42 980	-18,9%	53 019
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	9 262	-74,1%	35 704	0%	0
Value added tax	VB	1 615	-38,5%	2 627	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	1 788	-30,3%	2 566	-77,5%	11 417

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	4 258	-3,4%	4 409	0%	0

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	568 623	-20,5%	715 300	45,1%	492 877
1 year at most		VZ2	327 259	-25,4%	438 511	56,5%	280 204
More than 1 year and 5 years at most		VZ3	241 364	-12,8%	276 789	30,1%	212 673
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	0	0%	0	0%	226 633
1 year at most		VG2	0	0%	0	0%	83 341
More than 1 year and 5 years at most		VG3	0	0%	0	0%	143 292
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	319 625	-17,4%	387 179	0%	0
1 year at most		VH2	78 261	-29,1%	110 390	0%	0
More than 1 year and 5 years at most		VH3	241 364	-12,8%	276 789	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	69 381
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	69 381
	Suppliers and associated accounts (gross)	8B1	16 289	-36,8%	25 758	22,7%	21 001
1 year at most		8B2	16 289	-36,8%	25 758	22,7%	21 001
More than 1 year and 5 years at most		8B3	16 289	-36,8%	25 758	22,7%	21 001
	Personnel and associated accounts (gross)	8C1	61 272	-24,2%	80 884	0%	0
1 year at most		8C2	61 272	-24,2%	80 884	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	80 433	-2,7%	82 625	-50,3%	166 382
1 year at most		8D2	80 433	-2,7%	82 625	-50,3%	166 382
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	7 498	-50,3%	15 084	0%	0
1 year at most		VW2	7 498	-50,3%	15 084	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	7 887	-6,3%	8 421	0%	0
1 year at most		VQ2	7 887	-6,3%	8 421	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%	9 480
1 year at most		8J2	0	0%	0	0%	9 480
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	75 620	-34,4%	115 349	0%	0
1 year at most		VI2	75 620	-34,4%	115 349	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	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		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%	0

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%	08

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		1,75	-1,1%	1,77	1,1%	1,75	1,23	42,3%
Global Debt		141 days	-8,4%	154 days	30,5%	118 days	181 days	-22,1%
Working Capital Fund overall net		91 days	2,2%	89 days	-3,3%	92 days	37 days	145,9%
Financial independence		143,65%	22,7%	117,12%	-37,2%	186,57%	94,31%	52,3%
More ratios
Solvability		44,67%	15,1%	38,80%	-16,0%	46,18%	24,95%	79,0%
Capacity debt futures		586,70%	42,8%	410,79%	259,4%	114,30%	410,98%	42,8%
Coverage of current assets by net working capital overall		68,45%	2,8%	66,61%	18,6%	56,16%	29,63%	131,0%
General Liquidity		0,20	-13,0%	0,23	0%	0,23	0,09	122,2%
Restricted Liquidity		0,26	0%	0,26	-45,8%	0,48	0,32	-18,8%

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital		85 days	-1,2%	86 days	17,8%	73 days	-2 days	4350,0%
Treasury		5 days	66,7%	3 days	-81,2%	16 days	2 days	150,0%
Inventory turnover of goods		232 days	3,1%	225 days	-3,0%	232 days	149 days	55,7%
Average length of credit granted to customers		9 days	-10,0%	10 days	-28,6%	14 days	0 days	0%
Average length of credit obtained suppliers		6 days	-33,3%	9 days	12,5%	8 days	49 days	-87,8%
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	427 days	-
Rotation tangible assets		413,69%	-18,5%	507,83%	-4,9%	533,96%	543,31%	-23,9%

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading		50,57%	-0,6%	50,87%	-0,2%	50,98	42,66%	18,5%
Profitability of the business		3,69	-30,8%	5,33	-63,4%	14,57	4,27%	-13,6%
Net profit		1,08%	-55,4%	2,42%	-70,5%	8,19%	1,70%	-36,5%
More ratios
Growth rate of turnover (excluding VAT)		-13,31%	-213,4%	11,74%	-28,7%	16,47%	-1,14%	-1067,5%
Rates integration		37,20%	-0,3%	37,33%	-5,6%	39,55%	24,83%	49,8%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		87,88%	5,0%	83,69%	35,9%	61,60%	71,93%	22,2%
Weight interests		1,26	-7,4%	1,36%	29,5%	1,05%	0,59%	113,6%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability		2,75%	-34,7%	4,21%	-45,1%	7,67%	3,78%	-27,2%
Rates of economic profitability		6%	-33,3%	9%	-70,0%	30%	10%	-40,0%
Financial profitability		459156%	1,3%	453471%	7,2%	422837%	5427,50%	8359,8%
Return on investment		3,98%	-40,1%	6,64%	-65,6%	19,28%	6,64%	-40,1%

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	1 453 145	-13,3%	1 676 293	11,7%	1 500 139	231 971 €	526,4%

Sales of goods	1 453 145	-13,3%	1 676 293	12,9%	1 484 297
- Purchase of goods	665 222	-26,4%	903 588	18,4%	762 952
+/- Stock of goods variation	53 013	166,2%	-80 038	-84,1%	-43 483
Trading margin	734 910 €	-13,8%	852 743 €	11,5%	764 828 €	92 065 €	698,3%
	50,57 % CA	-0,6%	50,87 % CA	-0,2%	50,98 % CA	42,99 % CA	17,6%

Sale of goods produced	0	0%	0	0%	15 842
+/- Stocked production	0	0%	1 716	0%	0
+ Self-constructed assets	1 716	0%	0	0%	0
Period production	1 716 €	0%	1 716 €	-89,2%	15 842 €	0 €	0%
	0,12 % CA	20,0%	0,10 % CA	-90,6%	1,06 % CA	0 % CA	0%

Trading margin	734 910	-13,8%	852 743	11,5%	764 828	92 065	698,3%
+ Period Production	1 716	0%	1 716	-89,2%	15 842	0	0%
- Purchase of raw materials	538	1,3%	531	-89,9%	5 258
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	195 554	-14,3%	228 193	25,3%	182 173
Added value	540 534 €	-13,6%	625 735 €	5,5%	593 239 €	60 858 €	788,2%
	37,20 % CA	-0,3%	37,33 % CA	-5,6%	39,55 % CA	24,83 % CA	49,8%

Added value	540 534 €	-13,6%	625 735 €	5,5%	593 239 €	60 858 €	788,2%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	11 909	-6,9%	12 785	38,4%	9 235
- Personal charges	475 036	-9,3%	523 667	43,3%	365 429
Gross operating surplus	53 589 €	-40,0%	89 283 €	-59,2%	218 575 €	9 645 €	455,6%
	3,69 % CA	-30,8%	5,33 % CA	-63,4%	14,57 % CA	4,27 % CA	-13,6%

Gross operating surplus	53 589 €	-40,0%	89 283 €	-59,2%	218 575 €	9 645 €	455,6%
+ Release of reserves and provisions	35 014	-33,7%	52 817	33,4%	39 606
+ Other operating income	221	-13,3%	255	23,2%	207
- Depreciation/Amortisation	52 546	-23,6%	68 753	-8,6%	75 208
- Other charges	212	58,2%	134	-23,4%	175
Operating result	36 066 €	-50,9%	73 468 €	-59,9%	183 005 €	5 498 €	556,0%
	2,48 % CA	-43,4%	4,38 % CA	-64,1%	12,20 % CA	2,51 % CA	-1,2%

Operating result	36 066 €	-50,9%	73 468 €	-59,9%	183 005 €	5 498 €	556,0%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	146	-39,4%	241	-70,8%	824
- Financial charges	18 328	-19,7%	22 836	45,3%	15 716
Pre-tax result	17 884 €	-64,8%	50 873 €	-69,7%	168 113 €	3 711 €	381,9%
	1,23 % CA	-59,4%	3,03 % CA	-73,0%	11,21 % CA	1,74 % CA	-29,3%

Extraordinary income	52 000	0%	0	0%	16 842	0	0%
- Extraordinary charges	51 460	28020,2%	183	-99,3%	27 395
Extraordinary result	540 €	395,1%	-183 €	98,3%	-10 553 €	0 €	0%
	0,04 % CA	500%	-0,01 % CA	98,6%	-1 % CA	0 % CA	0%

Pre-tax result	17 884 €	-64,8%	50 873 €	-69,7%	168 113 €	3 711 €	381,9%
Extraordinary result	540 €	395,1%	-183 €	98,3%	-10 553 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	2 738	-72,8%	10 055	-71,0%	34 692
Net result	15 686 €	-61,4%	40 635 €	-66,9%	122 868 €	3 942 €	297,9%
	1,08 % CA	-55,4%	2,42 % CA	-70,5%	8,19 % CA	1,71 % CA	-36,8%

ADDITIONAL INFORMATION

This company is not under monitoring.

Other establishments

Branches	4 branch entities in this company
Head office	> ALL'OCEAN <<<  - Commerce de détail d'habillement en magasin spécialisé (4771Z)  in LA TRINITE SUR MER  (56470)
Secondary establishments	>  ALL'OCEAN  - Commerce de détail d'habillement en magasin spécialisé (4771Z)  in LE POULIGUEN  (44510) >  ALL'OCEAN  - Commerce de détail d'habillement en magasin spécialisé (4771Z)  in VANNES  (56000) >  ALL'OCEAN  - Commerce de détail d'habillement en magasin spécialisé (4771Z)  in PLENEUF VAL ANDRE  (22370) >  ALL'OCEAN  - Commerce de détail d'habillement en magasin spécialisé (4771Z)  in PERROS GUIREC  (22700)

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

6 to 9 employees

Company workforce

6 to 9 employees

Preferential rights details and history

Status of collection

This company is not under monitoring

Linkages

No Linkages information available for the company

Event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
23/09/2013	Bodacc C	Comptes annuels et rapports
56 - MORBIHAN GREFFE DU TRIBUNAL DE COMMERCE DE LORIENT 5047 - 401482674 RCS. ALL'OCEAN. Forme : Société par actions simplifiée. Adresse : Parc d'Activités de Kermarquer 56470 La trinité-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
15/09/2012	Bodacc C	Comptes annuels et rapports
56 - MORBIHAN GREFFE DU TRIBUNAL DE COMMERCE DE LORIENT 3263 - 401482674 RCS. ALL'OCEAN. Forme : Société par actions simplifiée. Adresse : Parc d'Activités de Kermarquer 56470 La trinité-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
02/09/2011	Bodacc B	Modification et mutation diverse
56 - MORBIHAN GREFFE DU TRIBUNAL DE COMMERCE DE LORIENT 595 - 401 482 674 RCS Lorient. ALL'OCEAN. Forme : Société par actions simplifiée. Administration : Président : FEAT Jean-Marc. Activité : . Commentaires : Modification survenue sur l'administration.
17/02/2011	Bodacc A	Vente et cession : Acheteur
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE SAINT-NAZAIRE 447 - 401 482 674 RCS Saint-Nazaire. ALL'OCEAN. Forme : Société par actions simplifiée. Adresse : Parc d'Activités de, Kermarquer, 56470 La Trinité-sur-Mer. Origine du fonds : montant de l'évaluation : 50.000,00 EUR. Etablissement : Etablissement secondaire. Activité : fonds de commerce de vetements accessoires et chaussures connu sous l'enseigne Version Originale. Adresse : 5 rue du Centre, 44510 Le Pouliguen. Précédent propriétaire : JAN (Caroline). Nom d’usage : DAGORNE. 429 428 097 RCS Saint-Nazaire. A dater du : 07/02/2011. Date de commencement de l’activité : 21/01/2011. Publication légale : informateur judiciaire du 28/01/2011. Oppositions : Me Georges FONTAINE 2 rue du Pavé de Beaulieu 44350 GUERANDE. Descriptif : cession de droit au bail des locaux d'un fonds de commerce au Pouliguen (44510) 5 rue du Centre connu sous l'enseigne Version Originale. Commentaires : Autre achat, apport, attribution. Date d’effet : 21/01/2011.
28/01/2011	JAL	Activity or goodwill cession
Informateur judiciaire (L') Date de décision : 21/01/2011 Cédant : 429428097 - MADAME CAROLINE JAN, PORT DU CROUESTY, RESIDENCE CALYPSO 7, 56640 ARZON Cessionnaire : 401482674 - ALL'OCEAN, PARC ACTIVITES KERMARQUER, 56470 LA TRINITE SUR MER Prix de vente : 50000 € Date d’effet : 21/01/2011
22/11/2010	Bodacc C	Comptes annuels et rapports
56 - MORBIHAN GREFFE DU TRIBUNAL DE COMMERCE DE LORIENT 7756 - 401482674 RCS. ALL'OCEAN. Forme : Société par actions simplifiée. Adresse : Parc d'Activités de Kermarquer 56470 La trinité-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
09/10/2009	Bodacc C	Comptes annuels et rapports
56 - MORBIHAN GREFFE DU TRIBUNAL DE COMMERCE DE LORIENT 7473 - 401482674 RCS. ALL'OCEAN. Forme : Société par actions simplifiée. Adresse : Parc d'Activités de Kermarquer 56470 La trinité-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
11/03/2009	Bodacc C	Comptes annuels et rapports
56 - MORBIHAN GREFFE DU TRIBUNAL DE COMMERCE DE LORIENT 4316 - 401482674 RCS. ALL'OCEAN. Forme : Société par actions simplifiée. Adresse : Parc d'Activités de Kermarquer, 56470 La trinité-sur-Mer. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
13/12/2007	Bodacc C	Avis de dépôt des comptes
7458 - 401 482 674. RCS Lorient ALL'OCEAN. Forme: Société par actions simplifiée. Adresse du siège social: Parc d'Activités de Kermarquer, 56470 La trinité-sur-Mer. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
27/04/2007	Bodacc C	Avis de dépôt des comptes
4380 - RCS Lorient B 401 482 674. RC 00-B 295. ALL'OCEAN. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: parc d'Activites de Kermarquer,56470 La Trinité-sur-Mer. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
24/03/2006	Bodacc A	Vente et cession
0211 - RCS Lorient 401 482 674. SOCIETE ALL'OCEAN. Forme : S.A.R.L. Capital : 38 112,25 euros. Adresse du siège social : parc d'activité de Kermarquer, 7 rue de la Drisse, 56470 La Trinité-sur-Mer. Etablissement secondaire - Enseigne : Boutique Marine. Activité : vente de cadeaux, de décorations et de vêtements, marins ou non. Adresse : 115 bis avenue du Casino, 22700 Perros-Guirec. Etablissement secondaire acquis par achat au prix stipulé de 72 500 euros. Date de début d'activité : 1er janvier 2006. Précédent propriétaire : CORNILY (Yvon). RCS Guingamp 437 140 924. Publication légale : L'Hebdomadaire d'Armor du 28 janvier 2006. Oppositions : Me Guillou, notaire, 11 rue Saint-André, 22220 Tréguier.
30/12/2005	Bodacc B	Modifications et mutations diverses
0696 - RCS Lorient B 401 482 674. RC 00-B 295. ALL'OCEAN. Forme : S.A.S. Capital : 38 112,25 euros. Nom commercial : All'océan. Adresse du siège social : parc d'activités de Kermarquer,, 56470 Commentaires : modification survenue sur la forme juridique, le capital (augmentation) et l'administration. Administration : président : FEAT (Jean, Marc) (Nom d'usage : FEAT). Commissaire aux comptes titulaire : S.A. GERCO, représentée par ROCHE (Yvon) (Nom d'usage : ROCHE). Commissaire aux comptes suppléant : GUILLOU (Jean-Louis) (Nom d'usage : GUILLOU). Date d'effet : 1er juillet 2005.
15/10/2005	Bodacc C	Avis de dépôt des comptes
3653 - RCS Lorient B 401 482 674. RC 00-B 295. ALL'OCEAN. Forme: S.A.R.L.. Adresse du siège social: parc d'Activites de Kermarquer,56470 La Trinité-sur-Mer. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
23/07/2000	Bodacc B	Modifications et mutations diverses
RCS Morlaix B 401482674 RC 95-B 112 ALL' OCEAN. Forme : S.A.R.L Nom commercial: All'océan. Adresse du siège social : 11 résidence de Kerbiguet, 29630 Plougasnou Date de radiation: 18 juin 2000.
12/07/2000	Bodacc B	Modifications et mutations diverses
RCS Lorient B 401482674 RC 00-B 295 ALL' OCEAN. Forme : S.A.R.L. Capital : 50 000 F Nom commercial: All'océan. Adresse du siège social : P.A. de Kermarquer, 56470 La Trinité-sur-Mer. Administration : gérant : FEAT (Jean, Marc) ( Nom d' usage : FEAT) Etablissement principal: Activité : commercialisation, fabrication de tous objets, de produits relatifs à l'habillement de la personne, à titre sédentaire et ambulant. Adresse : P.A. de Kermarquer, 56470 La Trinité- sur-Mer. Commentaires : immatriculation d' une personne morale suite au transfert du siège hors ressort du greffe du tribunal de commerce de Morlaix. Date d'effet : 18 juin 2000.
11/10/1995	Bodacc A	Création d'établissement
RCS Morlaix B 401 482 674 A dater du: 24 juillet 1995 RC 95-B 112 ALL'OCEAN. Forme : S.A.R.L. Capital : 50 000 F (fixe) Nom commercial: All'Océan. Adresse du siège social : 11 résidence de Kerbiguet, 29630 Plougasnou. Administration : gérant FEAT (Jean-Marc) Cette société se constitue Etablissement principal: Activité : commercialisation, fabrication de tous objets et produits relatifs à l' habillement de la personne, activité exercée à titre sédentaire et ambulant et par correspondance. Adresse : 11 résidence de Kerbiguet, 29630 Plougasnou Date de début d'activité: 1er juillet 1995.

Company events history

Date	Description
15/10/2013	Update Rating
15/10/2013	Update Limit
23/09/2013	Bodacc C : Deposit accounts notice
20/09/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/07/2013	Update Limit
18/07/2013	Update Rating
18/06/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
15/09/2012	Bodacc C : Deposit accounts notice
04/05/2012	Payment incident closed
31/12/2011	New accounts available
02/09/2011	Bodacc B: Various editing or changing
23/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
23/08/2011	Updated articles of association
23/08/2011	Minutes of general meeting of shareholders
23/02/2011	Formation of Establishment
18/02/2011	Payment incident detected
17/02/2011	Bodacc A : Sale and transfer
21/01/2011	Formation of Establishment
21/01/2011	Legal Gazette: Activity or goodwill cession
31/12/2010	New accounts available
22/11/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
09/10/2009	Bodacc C : Deposit accounts notice
11/03/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
06/12/2005	Updated articles of association
06/12/2005	Changement de Forme Juridique avec changement de catégorie
06/12/2005	New legal form – no new category
06/12/2005	Audit or Management Report
06/12/2005	Rapport des Commissaires ou du Gérant
06/12/2005	Appointment/resignation of company officers
06/12/2005	Statuts mis à jour
06/12/2005	Augmentation de Capital
06/12/2005	Capital increase
06/12/2005	Minutes of general meeting of shareholders
06/12/2005	PV d'Assemblée
06/12/2005	Private document
31/12/2004	New accounts available
31/12/2003	New accounts available
29/01/2003	Acte modificatif
29/01/2003	Acte sous seing privé
29/01/2003	Statuts mis à jour
29/01/2003	Cession de parts
29/01/2003	PV d'Assemblée
15/06/2000	Acte modificatif
15/06/2000	Statuts mis à jour
15/06/2000	PV d'Assemblée
15/06/2000	Immatriculation suite à transfert
15/06/2000	Acte sous seing privé
15/06/2000	Transfert du Siège dans le ressort du Tribunal de Commerce
07/07/1995	Formation de Société
07/07/1995	Acte sous seing privé
07/07/1995	Acte modificatif
07/07/1995	PV d'Assemblée
07/07/1995	Statuts
07/07/1995	Nomination/démission des organes de gestion

Establishment events history

Date	Description
20/09/2013	Update Limit
20/09/2013	Update Rating
13/09/2013	Update Rating
18/06/2013	Update Limit
12/01/2013	Update of phone numbers
23/08/2011	Update Limit
03/05/2011	Update Rating
03/05/2011	Update Limit
02/05/2011	Update Rating
23/02/2011	Modification of Head office
07/02/2011	Update Rating
21/01/2011	Modification of Head office
09/11/2010	Update Rating
09/11/2010	Update Limit
27/09/2010	Update Limit
25/09/2010	Update Rating
07/05/2010	Update Rating
30/12/2009	Update Rating
20/10/2009	Update Rating
20/10/2009	Update Limit
06/09/2009	Update Limit
05/09/2009	Update Rating
25/03/2009	Update Rating
25/03/2009	Update Limit
28/09/2008	Update Limit
27/09/2008	Update Rating
16/12/2007	Update Limit
10/12/2007	Update Limit
09/12/2007	Update Limit
30/11/2007	Update Limit
30/11/2007	Update Rating

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 decrease in the pre-tax profit margin over the last two accounting periods is 58 %

The decrease in pre-tax profit over the last two accounting periods is 64 %

The decrease in the return on capital employed over the last two accounting periods is 64 %

The financial liabilities are 395,245 €

The stocks value is 462,673 €

Adverse payment data event within the last 5 years

The sales to current assets ratio is 2,69

The ratio total assets to total liabilities is 1,81

The pre-tax profit is 18,423 €

The receivables value is 55,163 €

The trade payables value is 16,289 €

Workforce size is in the average risk band

The company is 18 years old

Region code with low risk rating

Industry code with low risk rating

The tangible fixed assets are 129,797 €

The net turnover is 1,453,145 €

The net current assets are 540,534 €

The decrease in the gearing percentage over the last two accounting periods is 22 %

The increase in the equity percentage over the last two accounting periods is 15 %

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.94
UK Pound	1	Rs.103.31
Euro	1	Rs.85.11

INFORMATION DETAILS

Report Prepared by :

MNL

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.