MIRA INFORM REPORT

Report Date :

27.02.2014

IDENTIFICATION DETAILS

Name :	SOCIETE ERIC TACHE DIAMONDS
Registered Office :	1 Rue De Chateaudun, 75009 Paris 9
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	April 1984
Com. Reg. No.:	RCS Paris 8 329 628 432
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Wholesale (intercompany trade) of other intermediate products (We tried to confirm / obtain the detailed activity but the same is not available from any sources.)
No. of Employees	13 (31.12.2012)

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 :	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

company summary

Name

SOCIETE ERIC TACHE DIAMONDS

SIRET

329 628 432 00042

		EUR VAT Number	FR87329628432
Activity (APE)	Wholesale (intercompany trade) of other intermediate products (4676Z)	Legal form	Simplified Joint Stock Company with Single Associate
Phone	01 47 70 00 75	RCS Registration	RCS Paris 8 329 628 432
Fax	01 45 23 23 59	Share capital	173,791 Euros
Address	SOCIETE ERIC TACHE DIAMONDS 1 RUE DE CHATEAUDUN 75009 PARIS 9	Incorporated Date	05/1984
Nationality	France	Status	Economically active

This company is not under monitoring

Current Directors

1

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	17,992,131 €	14,353,054 €	7,361,622 €
Gross Operating Surplus	3,02 % Turnover	10,17 % Turnover	6,49 % Turnover
Shareholders’ equity	1,497,967 €	2,204,325 €	1,267,212 €
Net result	293,641 €	937,113 €	314,444 €
Employees	10 to 19 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Activity (APE)	Wholesale (intercompany trade) of other intermediate products (4676Z)
RCS Registration	RCS Paris 8 329 628 432	Share capital	173,791 Euros
Registration Court	Paris (75)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	19 8 4B05165	EUR VAT Number	FR87329628432
Incorporation Date	05/1984	Formation Date	04/1984
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Wholesale (intercompany trade) of other intermediate products (4676Z)	Business Pages FT®	NEGOCE DE DIAMANTS, DE PIERRES PRECIEUSES ET DE PIERRES GEMMES
Postal Address	SOCIETE ERIC  TACHE DIAMONDS  1 RUE DE CHATEAUDUN  75009 PARIS 9	Trading Address	1 RUE DE CHATEAUDUN  75009 PARIS 9
Telephone	01 47 70 00 75
Fax	01 45 23 23 59

Type	Head office	Status	Economically active
Formation Date	06/2005	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Paris (75)	Region	Ile-de-France
District	1	Area	99
City	PARIS 9	Size of urban area	Paris conglomeration

Other establishments

Branches	1 branch entities in this company
Head office	> SOCIETE ERIC <<<  - Commerce de gros (commerce interentreprises) d'autres produits intermédiaires (4676Z)  in PARIS 9  (75009)
Secondary establishments	>  SOCIETE ERIC  - Commerce de gros (commerce interentreprises) d'autres produits intermédiaires (4676Z)  in PARIS 9  (75009)

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

Workforces

Workforce at address

10 to 19 employees

Company workforce

10 to 19 employees

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	26/04/2013	17/10/2012	19/07/2011
Activity Code	4676Z	4676Z	4676Z
Employees	13	10	9

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	90 199	-4,2%	94 151	-12,1%	107 089	26 765,50	237,0%
- Intangible assets	22 867	0%	22 867	0%	22 867	0	0%
- Tangible assets	52 707	-8,1%	57 356	-18,6%	70 465	6 819	672,9%
- Financial assets	14 625	5,0%	13 928	1,2%	13 757	907,50	1511,6%
Net current assets	7 727 599	16,7%	6 619 667	125,6%	2 934 029	310 352,50	2389,9%
- Stocks	4 080 753	-4,5%	4 275 067	138,7%	1 791 020	34 917	11587,0%
- Advanced payments	0	16,7%	0	0%	0	0	0%
- Receivables	3 632 247	61,8%	2 244 569	97,1%	1 138 858	150 556,50	2312,5%
- Securities and cash	14 599	-85,4%	100 031	2309,8%	4 151	42 328,50	-65,5%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	74 146	-38,8%	121 154	415,2%	23 517	0	0%
Total Assets	7 891 944	15,5%	6 834 972	123,0%	3 064 635	372 952	2016,1%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Shareholders' equity	1 497 967	-32,0%	2 204 325	74,0%	1 267 212	115 755	1194,1%
Share capital	173 792	0%	173 792	0%	173 792	24 000	624,1%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	74 146	-38,8%	121 154	415,2%	23 517	0	0%
Liabilities	6 208 247	39,6%	4 447 303	151,8%	1 766 500	196 389,50	3061,2%
- Financial liabilities	1 116 367	1,6%	1 099 144	268,1%	298 607	15 046	7319,7%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	4 754 656	61,9%	2 936 668	137,3%	1 237 405	82 482,50	5664,4%
- Tax and social liabilities	337 224	-5,5%	356 850	54,8%	230 488	53 680	528,2%
- Other debts and fixed assets liabilities	111 584	-4,5%	116 830	1477,1%	7 408	5 511,50	1924,6%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	7 891 944	15,5%	6 834 972	123,0%	3 064 635	372 952	2016,1%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	17 992 131	25,3%	14 357 879	93,7%	7 413 288	676 518,50	2559,5%
Net turnover	17 992 131	25,4%	14 353 054	95,0%	7 361 622	662 948,50	2614,0%
- of which net export turnover	14 513 627	26,7%	11 457 412	155,8%	4 478 363	0	0%
Operating charges	17 550 762	35,7%	12 930 157	87,0%	6 914 439	658 320	2566,0%
Operating profit/loss	441 369	-69,1%	1 427 722	186,2%	498 849	15 431,50	2760,2%
Financial income	622 141	29,2%	481 621	68,1%	286 455	147,50	421690,5%
Financial charges	596 435	9,4%	545 247	35,4%	402 647	1 084	54921,7%
Financial profit/loss	25 706	140,4%	-63 626	45,2%	-116 192	-137	18863,5%
Pretax net operating income	467 075	-65,8%	1 364 096	256,5%	382 657	15 369	2939,1%
Extraordinary income	4 349	38,2%	3 147	138,4%	1 320	37	11654,1%
Extraordinary charges	150	-96,5%	4 319	-93,8%	69 534	150	0%
Extraordinary profit/loss	4 199	458,3%	-1 172	98,3%	-68 214	0	0%
Net result	293 641	-68,7%	937 113	198,0%	314 444	13 906,50	2011,5%

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	7 891 944	15,5%	6 834 972	123,0%	3 064 635
	Gross	CO	8 222 855	16,4%	7 064 047	116,2%	3 267 221
	Amortisation	1A	330 911	44,5%	229 075	13,1%	202 586

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	90 199	-4,2%	94 151	-12,1%	107 089
	Gross	BJ	288 956	7,8%	268 008	5,7%	253 515
	Amortisation	BK	198 757	14,3%	173 857	18,7%	146 426

Intangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	0	0%	0
	Gross	AF	12 686	0%	12 686	0%	12 686
	Amortisation	AG	12 686	0%	12 686	0%	12 686
	Goodwill	Net	22 867	0%	22 867	0%	22 867
	Gross	AH	22 867	0%	22 867	0%	22 867
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	22 867	0%	22 867	0%	22 867

Tangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	4 838	96,8%	2 458	-26,9%	3 364
	Gross	AR	17 678	25,1%	14 132	0%	14 132
	Amortisation	AS	12 840	10,0%	11 674	8,4%	10 768
	Other tangible fixed assets	Net	47 869	-12,8%	54 898	-18,2%	67 101
	Gross	AT	221 100	8,2%	204 395	7,5%	190 073
	Amortisation	AU	173 231	15,9%	149 497	21,6%	122 972
	Fixed assets in construction	Net	0	0%	0	0%	0
	Gross	AV	0	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	52 707		57 356		70 465

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	14 625	5,0%	13 928	1,2%	13 757
	Gross	BH	14 625	5,0%	13 928	1,2%	13 757
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		14 625		13 928		13 757

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	7 727 599	16,7%	6 619 667	125,6%	2 934 029
	Gross	CJ	7 859 753	17,8%	6 674 884	123,2%	2 990 189
	Amortisation	CK	132 154	139,3%	55 217	-1,7%	56 160

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	4 080 753	-4,5%	4 275 067	138,7%	1 791 020
	Gross	BT	4 156 719	-2,8%	4 275 067	138,7%	1 791 020
	Amortisation	BU	75 966	0%	0	0%	0
	Sub Total Stocks	Net	4 080 753	-4,5%	4 275 067	138,7%	1 791 020

Advance payments to suppliers

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

Debtors

			31/12/2012		31/12/2011		31/12/2010
	Trade accounts receivable	Net	3 587 526	63,3%	2 196 227	99,7%	1 099 506
	Gross	BX	3 643 714	61,8%	2 251 444	94,8%	1 155 666
	Amortisation	BY	56 188	1,8%	55 217	-1,7%	56 160
	Other debtors	Net	21 971	0,2%	21 919	42,4%	15 392
	Gross	BZ	21 971	0,2%	21 919	42,4%	15 392
	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	3 609 497	62,7%	2 218 146	99,0%	1 114 898

Divers

			31/12/2012		31/12/2011		31/12/2010
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	14 599	-85,4%	100 031	2309,8%	4 151
	Gross	CF	14 599	-85,4%	100 031	2309,8%	4 151
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	14 599	-85,4%	100 031	2309,8%	4 151

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2010
	Prepaid expenses	Net	22 750	-13,9%	26 423	10,3%	23 960
	Gross	CH	22 750	-13,9%	26 423	10,3%	23 960
	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	74 146	-38,8%	121 154	415,2%	23 517
Gross		74 146	-38,8%	121 154	415,2%	23 517

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%	64 837	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	7 891 944	15,5%	6 834 972	123,0%	3 064 635

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	1 497 967	-32,0%	2 204 325	74,0%	1 267 212
	Equity and shareholders' equity	DA	173 792	0%	173 792	0%	173 792
	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	20 338	0%	20 338	0%	20 338
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	1 000 000	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	10 196	-99,0%	1 000 000	0%	1 000 000
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	73 082	130,3%	-241 362
	Profit or loss for the period	DI	293 641	-68,7%	937 113	198,0%	314 444
	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	74 146	-38,8%	121 154	415,2%	23 517
	Risk provisions	DP	74 146	-38,8%	121 154	415,2%	23 517
	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	6 208 247	39,6%	4 447 303	151,8%	1 766 500
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	512 924	-23,8%	673 333	130,5%	292 079
	Sundry loans and financial liabilities	DV	603 443	41,7%	425 811	6422,8%	6 528
	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	4 754 656	61,9%	2 936 668	137,3%	1 237 405
	Tax and social security liabilities	DY	337 224	-5,5%	356 850	54,8%	230 488
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	0	0%	54 641	0%	0

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	111 584	79,4%	62 189	739,5%	7 408

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%	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)

		31/12/2012		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	441 369	-69,1%	1 427 722	186,2%	498 849

2 - Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	25 706	140,4%	-63 626	45,2%	-116 192

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	467 075	-65,8%	1 364 096	256,5%	382 657

4 - Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	4 199	458,3%	-1 172	98,3%	-68 214

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	293 641	-68,7%	937 113	198,0%	314 444

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	18 618 621	25,4%	14 842 647	92,7%	7 701 063

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	18 324 979	31,8%	13 905 534	88,3%	7 386 620

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	17 992 131	25,3%	14 357 879	93,7%	7 413 288

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	Sale of goods for resale	FC	17 991 707	25,4%	14 344 018	95,3%	7 343 315
	France	FA	3 478 080	20,5%	2 886 606	0,8%	2 864 952
	Export	FB	14 513 627	26,7%	11 457 412	155,8%	4 478 363
	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	424	-95,3%	9 036	-50,6%	18 307
	France	FG	424	-95,3%	9 036	-50,6%	18 307
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	17 992 131	25,4%	14 353 054	95,0%	7 361 622
	France	FJ	3 478 504	20,1%	2 895 642	0,4%	2 883 259
	Export	FK	14 513 627	26,7%	11 457 412	155,8%	4 478 363
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	0	0%	4 825	-90,7%	51 666
	Other income	FQ	0	0%	0	0%	0

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	17 550 762	35,7%	12 930 157	87,0%	6 914 439

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	15 678 857	13,0%	13 869 653	116,7%	6 399 654
Change in stocks of goods for resale	FT	118 348	104,8%	-2 484 047	-404,6%	-492 320
Purchase of raw materials	FU	4 300	1,7%	4 228	19,7%	3 531
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	632 732	12,1%	564 556	103,3%	277 693
Tax, duty and similar payments	FX	87 337	26,3%	69 146	61,9%	42 710
Payroll	FY	657 093	7,4%	611 754	32,8%	460 681
Social security costs	FZ	270 259	4,5%	258 695	34,7%	192 080

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	24 900	-9,2%	27 431	7,2%	25 585
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	76 936	1881,9%	3 882	-19,5%	4 825
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	0	0%	4 859	0%	0

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	622 141	29,2%	481 621	68,1%	286 455
	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	0	0%	0	0%	0
	Released provisions and transferred charges	GM	121 154	415,2%	23 517	8,4%	21 701
	Exchange gains	GN	500 987	9,4%	458 104	73,0%	264 754
	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	596 435	9,4%	545 247	35,4%	402 647
	Financial reserves and provisions	GQ	74 146	-38,8%	121 154	415,2%	23 517
	Interest and similar charges	GR	15 087	32,8%	11 360	94,5%	5 840
	Exchange losses	GS	507 202	22,9%	412 733	10,6%	373 290
	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	4 349	38,2%	3 147	138,4%	1 320
	Extraordinary operating income	HA	4 349	38,2%	3 147	138,4%	1 320
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	150	-96,5%	4 319	-93,8%	69 534
	Extraordinary operating charges	HE	150	-96,5%	4 319	-93,8%	69 534
	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)

		31/12/2012		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	177 632	-58,3%	425 811	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	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)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	0	0%	568
	Gross value at the end of period	OL	288 957	7,8%	268 009	5,7%	253 516

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
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	KD	35 553	0%	35 553	0%	35 553
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	35 553	0%	35 553	0%	35 553

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	218 527	7,0%	204 205	2,2%	199 863
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	20 251	41,4%	14 322	229,8%	4 342
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	238 778	9,3%	218 527	7,0%	204 205

Fiancial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	13 928	1,2%	13 758	-4,0%	14 326
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	697	307,6%	171	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	568
	Gross value at the end of period	NK	14 625	5,0%	13 929	1,2%	13 758

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
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2012		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
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	PE	12 686	0%	12 686	0%	12 686
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	12 686	0%	12 686	0%	12 686

Total fixed assets amotisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	161 171	20,5%	133 740	23,7%	108 155
Increases		QV	24 900	-9,2%	27 431	7,2%	25 585
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	186 071	15,4%	161 171	20,5%	133 740

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
	Decreasess 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 begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

Provisions included in balance sheet
Grand Total (I-II-III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7C	176 371	121,4%	79 677	-35,3%	123 092
Increases		UB	151 082	20,8%	125 038	341,2%	28 341
Decreases		UC	121 154	327,5%	28 341	-60,5%	71 757
	Value at the end of period	UD	206 299	17,0%	176 374	121,4%	79 676

Includes Total allocations

Operating	UE	76 936	0%	0	0%	4 825
Financial	UG	74 146	0%	0	0%	23 517
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	50 056
Financial	UH	121 154	0%	0	0%	21 701
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	5Z	121 154	415,2%	23 517	-54,5%	51 701
Increases		TV	74 146	-38,8%	121 154	415,2%	23 517
Decreases		TW	121 154	415,2%	23 517	-54,5%	51 701
	Value at the end of period	TX	74 146	-38,8%	121 154	415,2%	23 517

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	55 217	-1,7%	56 160	-21,3%	71 391
Increases		TY	76 936	1881,9%	3 882	-19,5%	4 825
Decreases		TZ	0	0%	4 825	-75,9%	20 056
	Value at the end of period	UA	132 153	139,3%	55 217	-1,7%	56 160

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	3 703 060	60,0%	2 313 714	91,4%	1 208 774
1 year at most	VU	3 621 598	62,2%	2 232 949	100,1%	1 115 829
More than one year	VV	81 462	0,9%	80 765	-13,1%	92 945

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	14 625	5,0%	13 928	1,2%	13 757
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	0	0%	0	0%	0
Other claims customer	UX	3 643 714	61,8%	2 251 444	94,8%	1 155 666
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%	600
Social Security and other social organizations	UZ	1 856	-45,3%	3 392	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	4 345	-29,4%	6 153	-1,7%	6 257
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	15 770	27,4%	12 374	0%	0
Group and Associates	VC	0	0%	0	0%	8 534
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	0

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	22 750	-13,9%	26 423	10,3%	23 960

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	6 208 247	39,6%	4 447 303	151,8%	1 766 499
1 year at most		VZ2	6 208 247	39,6%	4 447 303	151,8%	1 766 499
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
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	512 924	-23,8%	673 333	130,5%	292 079
1 year at most		VG2	512 924	-23,8%	673 333	130,5%	292 079
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	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%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	4 754 656	61,9%	2 936 668	137,3%	1 237 405
1 year at most		8B2	4 754 656	61,9%	2 936 668	137,3%	1 237 405
More than 1 year and 5 years at most		8B3	4 754 656	61,9%	2 936 668	137,3%	1 237 405
	Personnel and associated accounts (gross)	8C1	105 147	39,2%	75 517	47,7%	51 124
1 year at most		8C2	105 147	39,2%	75 517	47,7%	51 124
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	112 151	-14,6%	131 265	53,7%	85 391
1 year at most		8D2	112 151	-14,6%	131 265	53,7%	85 391
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	82 245	-13,5%	95 048	38,8%	68 454
1 year at most		VW2	82 245	-13,5%	95 048	38,8%	68 454
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	37 681	-31,5%	55 020	115,6%	25 519
1 year at most		VQ2	37 681	-31,5%	55 020	115,6%	25 519
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	603 443	41,7%	425 811	6422,8%	6 528
1 year at most		VI2	603 443	41,7%	425 811	6422,8%	6 528
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%	54 641	0%	0
1 year at most		8K2	0	0%	54 641	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%	24 000

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	13	30,0%	10	11,1%	09

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 Median2012
Fixed Asset Financing		9,99	-25,6%	13,43	96,1%	6,85	2,78	259,4%
Global Debt		124 days	10,7%	112 days	30,2%	86 days	99 days	25,3%
Working Capital Fund overall net		52 days	-38,1%	84 days	16,7%	72 days	60 days	-13,3%
Financial independence		292,04%	-10,8%	327,38%	-24,5%	433,86%	650,75%	-55,1%
More ratios
Solvability		18,98%	-41,1%	32,25%	-22,0%	41,35%	35,36%	-46,3%
Capacity debt futures		292,04%	-10,8%	327,38%	-24,5%	433,86%	1781,59%	-83,6%
Coverage of current assets by net working capital overall		33,15%	-33,8%	50,09%	0,2%	49,97%	44,35%	-25,3%
General Liquidity		0,58	16,0%	0,50	-20,6%	0,63	0,77	-24,7%
Restricted Liquidity		0,59	13,5%	0,52	-17,5%	0,63	1,12	-47,3%

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Need background in operating working capital		52 days	-34,2%	79 days	12,9%	70 days	30 days	73,3%
Treasury		0 days	0%	3 days	0%	0 days	12 days	0%
Inventory turnover of goods		95 days	-29,6%	135 days	23,9%	109 days	45,50 days	108,8%
Average length of credit granted to customers		73 days	30,4%	56 days	-1,8%	57 days	58,50 days	24,8%
Average length of credit obtained suppliers		104 days	18,2%	88 days	22,2%	72 days	57 days	82,5%
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	955 days	-
Rotation tangible assets		7535,09%	14,7%	6568,09%	82,2%	3605,02%	1798,32%	319,0%

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Margin trading		12,20%	-40,8%	20,61%	5,6%	19,51	24,92%	-51,0%
Profitability of the business		3,02	-70,3%	10,17	56,7%	6,49	3,34%	-9,6%
Net profit		1,63%	-75,0%	6,53%	52,9%	4,27%	1,99%	-18,1%
More ratios
Growth rate of turnover (excluding VAT)		25,35%	-73,3%	94,97%	71,7%	55,31%	0%	0%
Rates integration		8,66%	-48,2%	16,71%	4,9%	15,93%	17,95%	-51,8%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		59,53%	64,0%	36,29%	-34,8%	55,65%	65,37%	-8,9%
Weight interests		3,31	-12,9%	3,80%	-30,5%	5,47%	0,20%	1555,0%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability		1,51%	-80,0%	7,56%	90,9%	3,96%	2,73%	-44,7%
Rates of economic profitability		21%	-52,3%	44%	41,9%	31%	14%	50,0%
Financial profitability		1497967%	-32,0%	2204325%	74,0%	1267212%	98054%	1427,7%
Return on investment		34,05%	-24,1%	44,87%	-2,0%	45,80%	10,72%	217,6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion 

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	17 992 131	25,4%	14 353 054	95,0%	7 361 622	662 948 €	2614,0%

Sales of goods	17 991 707	25,4%	14 344 018	95,3%	7 343 315
- Purchase of goods	15 678 857	13,0%	13 869 653	116,7%	6 399 654
+/- Stock of goods variation	118 348	104,8%	-2 484 047	-404,6%	-492 320
Trading margin	2 194 502 €	-25,8%	2 958 412 €	106,0%	1 435 981 €	140 946 €	1457,0%
	12,20 % CA	-40,8%	20,61 % CA	5,6%	19,51 % CA	25,90 % CA	-52,9%

Sale of goods produced	424	-95,3%	9 036	-50,6%	18 307
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	424 €	-95,3%	9 036 €	-50,6%	18 307 €	17 110 €	-97,5%
	0,00 % CA	0%	0,06 % CA	-76,0%	0,25 % CA	2,21 % CA	0%

Trading margin	2 194 502	-25,8%	2 958 412	106,0%	1 435 981	140 946	1457,0%
+ Period Production	424	-95,3%	9 036	-50,6%	18 307	17 110	-97,5%
- Purchase of raw materials	4 300	1,7%	4 228	19,7%	3 531
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	632 732	12,1%	564 556	103,3%	277 693
Added value	1 557 894 €	-35,1%	2 398 664 €	104,5%	1 173 064 €	136 238 €	1043,5%
	8,66 % CA	-48,2%	16,71 % CA	4,9%	15,93 % CA	17,95 % CA	-51,8%

Added value	1 557 894 €	-35,1%	2 398 664 €	104,5%	1 173 064 €	136 238 €	1043,5%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	87 337	26,3%	69 146	61,9%	42 710
- Personal charges	927 352	6,5%	870 449	33,3%	652 761
Gross operating surplus	543 205 €	-62,8%	1 459 069 €	205,5%	477 593 €	22 035,50 €	2365,1%
	3,02 % CA	-70,3%	10,17 % CA	56,7%	6,49 % CA	3,34 % CA	-9,6%

Gross operating surplus	543 205 €	-62,8%	1 459 069 €	205,5%	477 593 €	22 035,50 €	2365,1%
+ Release of reserves and provisions	0	0%	4 825	-90,7%	51 666
+ Other operating income	0	0%	0	0%	0
- Depreciation/Amortisation	101 836	225,2%	31 313	3,0%	30 410
- Other charges	0	0%	4 859	0%	0
Operating result	441 369 €	-69,1%	1 427 722 €	186,2%	498 849 €	15 431,50 €	2760,2%
	2,45 % CA	-75,4%	9,95 % CA	46,8%	6,78 % CA	2,44 % CA	0,4%

Operating result	441 369 €	-69,1%	1 427 722 €	186,2%	498 849 €	15 431,50 €	2760,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	622 141	29,2%	481 621	68,1%	286 455
- Financial charges	596 435	9,4%	545 247	35,4%	402 647
Pre-tax result	467 075 €	-65,8%	1 364 096 €	256,5%	382 657 €	15 369 €	2939,1%
	2,60 % CA	-72,6%	9,50 % CA	82,7%	5,20 % CA	2,36 % CA	10,2%

Extraordinary income	4 349	38,2%	3 147	138,4%	1 320	37	11654,1%
- Extraordinary charges	150	-96,5%	4 319	-93,8%	69 534
Extraordinary result	4 199 €	458,3%	-1 172 €	98,3%	-68 214 €	0 €	0%
	0,02 % CA	300%	-0,01 % CA	98,9%	-1 % CA	0 % CA	0%

Pre-tax result	467 075 €	-65,8%	1 364 096 €	256,5%	382 657 €	15 369 €	2939,1%
Extraordinary result	4 199 €	458,3%	-1 172 €	98,3%	-68 214 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	177 632	-58,3%	425 811	0%	0
Net result	293 642 €	-68,7%	937 113 €	198,0%	314 443 €	13 906 €	2011,6%
	1,63 % CA	-75,0%	6,53 % CA	52,9%	4,27 % CA	1,99 % CA	-18,1%

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.

Low risk workforce size

Industry code with low risk rating

Department code with low risk rating

The risk provisions are 74,146 €

The company has 1 director(s)

The total assets are 7,891,944 €

The liabilities are 6,208,247 €

The net current assets are 7,727,599 €

The net turnover is 17,992,131 €

The pre-tax profit is 471,273 €

The shareholder's equity is 1,497,967 €

The sales to current assets ratio is 2,33

The ratio total assets to total liabilities is 1,26

The return on total assets employed is 5,97

The creditor days are 96.46

The stock to turnover ratio is 22.68

The increase in the gearing percentage over the last two accounting periods is 44 %

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

Group Structure

No group information available for the company

Shareholders

No Shareholders available for this company

Linkages

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
03/06/2013	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9239 - 329628432 RCS. SOCIETE ERIC. Forme : Société par actions simplifiée (à associé unique). Adresse : 1 rue de Châteaudun 75009 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
05/09/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7440 - 329628432 RCS. SOCIETE ERIC. Forme : Société par actions simplifiée à associé unique. Adresse : 1 rue de Châteaudun 75009 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
09/03/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1943 - 329 628 432 RCS Paris. SOCIETE ERIC. Forme : Société anonyme. Administration : Commissaire aux comptes titulaire partant : Young, Vincent, nomination du Commissaire aux comptes titulaire : S & W ASSOCIES. Capital : 173791.88 EUR. Activité : .  Adresse du siège social : 1 rue de Châteaudun, 75009 Paris.  Commentaires : modification survenue sur l'administration.
09/03/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1944 - 329 628 432 RCS Paris. SOCIETE ERIC. Forme : Société par actions simplifiée à associé unique. Administration : modification du Président Tache, Jacques, Directeur général délégué et Administrateur partant : Tache, Robert, Administrateur partant : Tache, Jean Jacques. Capital : 173791.88 EUR. Activité : .  Adresse du siège social : 1 rue de Châteaudun, 75009 Paris.  Commentaires : modification survenue sur la forme juridique et l'administration.
17/02/2012	JAL	Appointment of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 28/06/2011 Société faisant l'objet d'une nomination : 329628432 - SOCIETE ERIC, TACHE DIAMONDS, 1 RUE DE CHATEAUDUN, 75009 PARIS 9  Nominé : Monsieur Jacques TACHE, 2018 ANVERS En la fonction de : Président
17/02/2012	JAL	Resignation / Revocation of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 28/06/2011 La société 329628432 - SOCIETE ERIC, TACHE DIAMONDS, 1 RUE DE CHATEAUDUN, 75009 PARIS 9  Fait l'objet du départ de Monsieur Vincent YOUNG
03/11/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7245 - 329628432 RCS. SOCIETE ERIC. Forme : Société anonyme. Adresse : 1 R DE CHATEAUDUN 75009 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
23/09/2009	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1122 - 329 628 432 RCS Paris. SOCIETE ERIC. Forme : Société anonyme. Administration : Président du conseil d'administration et Directeur général partant : Tache, Joseph, modification du Président du conseil d'administration et Directeur général Tache, Jacques.Capital : 173791.88 EUR.  Adresse du siège social : 1 rue de Châteaudun, 75009 Paris.  Commentaires : modification survenue sur l'administration.
10/09/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 2200 - 329628432 RCS. SOCIETE ERIC. Forme : Société anonyme. Adresse : 1 rue de Châteaudun 75009 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
19/06/2009	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1219 - 329 628 432 RCS Paris. SOCIETE ERIC. Forme : Société anonyme. Administration : nomination de l'Administrateur : Tache, Jean Jacques. Capital : 173791.88 EUR.  Adresse du siège social : 1 rue de Châteaudun, 75009 Paris.  Commentaires : modification survenue sur l'administration.
26/09/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 751 - 329628432 RCS. SOCIETE ERIC. Forme : Société anonyme. Adresse : 1 rue de Châteaudun 75009 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
04/03/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 3972 - 329628432 RCS. SOCIETE ERIC. Forme : Société anonyme. Adresse : 1 rue de Châteaudun 75009 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
27/11/2007	Bodacc C	Avis de dépôt des comptes
1864 - 329 628 432. RCS Paris SOCIETE ERIC. Forme: Société anonyme. Adresse du siège social: 1 rue de Châteaudun 75009 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
19/12/2006	Bodacc C	Avis de dépôt des comptes
5060 - RCS Paris B 329 628 432. RC 84-B 5165. SOCIETE ERIC. Forme: S.A. Adresse du siège social: 1, R de Chateaudun,Paris, 75009 Paris. Comptes annuels et rapports de l'exercice clos le: 31 janvier 2006.
03/12/2005	Bodacc C	Avis de dépôt des comptes
1709 - RCS Paris B 329 628 432. RC 84-B 5165. SOCIETE ERIC. Forme: S.A. Adresse du siège social: 1, R de Chateaudun,Paris, 75009 Paris. Comptes annuels et rapports de l'exercice clos le: 31 janvier 2004.
02/12/2005	Bodacc C	Avis de dépôt des comptes
1404 - RCS Paris B 329 628 432. RC 84-B 5165. SOCIETE ERIC. Forme: S.A. Adresse du siège social: 1, R de Chateaudun,Paris, 75009 Paris. Comptes annuels et rapports de l'exercice clos le: 31 janvier 2005.
18/08/2005	Bodacc B	Modifications et mutations diverses
1209 - RCS Paris B 329 628 432. RC 84-B 5165. SOCIETE ERIC. Forme : S.A. Nom commercial : Tache Diamonds. Adresse du siège social : 1 rue de Châteaudun,, 75009 Commentaires : modification survenue sur le nom commercial, l'adresse du siège social et l'adresse de l'établissement principal. Etablissement principal - Adresse : 1 rue de Châteaudun, 75009
02/07/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 329628432 RC 84-B 5165 SOCIETE ERIC. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration et directeur général partant : ERIC ( Sylvie) ( Nom d'usage : VITAU). Nomination du président du conseil d' administration et directeur général : TACHE (Joseph). Nomination d'un directeur général délégué et administrateur : TACHE (Robert). Administrateurs partants : ERIC ( Charles, Laurent, Mirabeau) DESCOINS ( Marilyn). Nomination d'un administrateur : TACHE (Jacques).
17/03/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 329628432 RC 84-B 5165 SOCIETE ERIC. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification du président du conseil d' administration et directeur général : ERIC (Sylvie) ( Nom d'usage : VITAU).
21/12/2000	Bodacc B	Modifications et mutations diverses
RCS Paris B 329628432 RC 84-B 5165 SOCIETE ERIC. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : administrateur partant : DESCOINS, née ERIC (Caroline, Germaine, Françoise).
05/04/1998	Bodacc B	Modifications et mutations diverses
RCS Paris B 329 628 432 RC 84-B 5165 SOCIETE ERIC. Forme : S.A. Adresse du siège social : 46 rue Lafayette 75009 Paris. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : 46 rue Lafayette 75009 Paris.
13/07/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 329 628 432 RC RC 84- B 5165 SOCIETE ERIC. Forme : S.A. Capital : 1 140 000 F. Administration : démission : administrateur : VITAU (Philippe, Jean) . Nomination en qualité d' administrateur : DESCOINS (Marilyn). Commentaires : modification survenue sur le capital et l'administration.

Company events history

Date	Description
03/06/2013	Bodacc C : Deposit accounts notice
27/04/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
24/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
05/09/2012	Bodacc C : Deposit accounts notice
13/04/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
09/03/2012	Bodacc B: Various editing or changing
23/02/2012	Minutes of general meeting of shareholders
23/02/2012	New auditor
23/02/2012	Audit or Management Report
23/02/2012	New chairman (CEO, CoB)
23/02/2012	New legal form – new category
23/02/2012	Updated articles of association
17/02/2012	Legal Gazette: Resignation / Revocation of the social representative
31/12/2011	New accounts available
31/12/2011	Modification of Company Activity
31/12/2011	Update of Company Activity
16/12/2011	Update of Company Legal Form
16/12/2011	Other modification of Establishment (error correction)
21/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
28/06/2011	Legal Gazette: Appointment of the social representative
31/12/2010	New accounts available
03/11/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
23/09/2009	Bodacc B: Various editing or changing
10/09/2009	Bodacc C : Deposit accounts notice
07/09/2009	New chairman (CEO, CoB)
07/09/2009	Minutes of Board meeting
19/06/2009	Bodacc B: Various editing or changing
04/06/2009	Minutes of general meeting of shareholders
04/06/2009	Appointment/resignation of company officers
04/06/2009	Private document
04/06/2009	Changes to the Board of Directors
31/12/2008	New accounts available
26/09/2008	Bodacc C : Deposit accounts notice
04/03/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
31/12/2006	New accounts available
25/09/2006	Acte sous seing privé
25/09/2006	Updated articles of association
25/09/2006	New closing date
25/09/2006	Statuts mis à jour
25/09/2006	PV d'Assemblée
25/09/2006	Minutes of general meeting of shareholders
25/09/2006	Private document
25/09/2006	Changement de date de clôture
31/01/2006	New accounts available
04/08/2005	Transfert du Siège dans le ressort du Tribunal de Commerce
04/08/2005	Registered office transferred inside jurisdiction of the Commercial Court
04/08/2005	Updated articles of association
04/08/2005	Statuts mis à jour
04/08/2005	PV du Conseil d'Administration
04/08/2005	Minutes of Board meeting
04/08/2005	Private document
04/08/2005	Acte sous seing privé
31/01/2005	New accounts available
17/06/2004	New chairman (CEO, CoB)
17/06/2004	Minutes of general meeting of shareholders
17/06/2004	Appointment/resignation of company officers
17/06/2004	Changes to the Board of Directors
17/06/2004	Modification du Conseil d'Administration
17/06/2004	Minutes of Board meeting
17/06/2004	Acte sous seing privé
17/06/2004	Private document
17/06/2004	PV d'Assemblée
17/06/2004	Nomination/démission des organes de gestion
17/06/2004	Changement de Président (PDG, PCA)
17/06/2004	PV du Conseil d'Administration
03/03/2004	Updated articles of association
03/03/2004	Statuts mis à jour
03/03/2004	PV du Conseil d'Administration
03/03/2004	Minutes of Board meeting
03/03/2004	Changement de date de clôture
03/03/2004	PV d'Assemblée
03/03/2004	Minutes of general meeting of shareholders
03/03/2004	Nomination/démission des organes de gestion
03/03/2004	Appointment/resignation of company officers
03/03/2004	New closing date
03/03/2004	Private document
03/03/2004	Acte sous seing privé
03/03/2004	Modification du Conseil d'Administration
31/01/2004	New accounts available
07/12/2000	Nomination/démission des organes de gestion
07/12/2000	PV d'Assemblée
07/12/2000	Acte sous seing privé
07/12/2000	Modification du Conseil d'Administration
20/03/1998	Acte sous seing privé
20/03/1998	PV du Conseil d'Administration
20/03/1998	Transfert du Siège dans le ressort du Tribunal de Commerce
20/03/1998	Statuts mis à jour
27/06/1997	Statuts mis à jour
27/06/1997	PV d'Assemblée
27/06/1997	Acte sous seing privé
27/06/1997	Modification du Conseil d'Administration
27/06/1997	Augmentation de Capital
27/06/1997	Nomination/démission des organes de gestion
19/06/1996	Acte modificatif

Establishment events history

Date	Description
31/12/2011	Update of Establishment Activity
31/12/2011	Modification of Head office Activity
16/12/2011	Modification of Head office

directors

Name	M. TACHE JACQUES
Manager position	President	Date of birth	16/06/1968
Place of birth	WILRIJK(BELGIQUE)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Chairman of the Board	M JOSEPH TACHE	02/06/1939 - BEIROET BELGIQUE
Managing director	M JOSEPH TACHE	02/06/1939 - BEIROET BELGIQUE
Delegated managing director	M ROBERT TACHE	03/02/1955 - BEYROUTH LIBAN
Administrator	M JACQUES TACHE	16/06/1968 - WILRIJK BELGIQUE
Administrator	M JEAN TACHE	- - -
Administrator	M ROBERT TACHE	03/02/1955 - BEYROUTH LIBAN

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.