MIRA INFORM REPORT

Report Date :

28.02.2014

IDENTIFICATION DETAILS

Name :	UNIFORM
Registered Office :	8 B Rue Dieu, 75010 Paris 10
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	February, 1982
Legal Form :	Simplified Joint Stock Company
Line of Business :	Manufacture of outerwear
No. of Employees :	50 to 99 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – September 30, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
France	A1	A1

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

FRANCE - ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 79 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP contracted in 2009, and has recovered slowly since then. The unemployment rate increased from 7.4% in 2008 to 10.5% in 2013. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high spending on social protection 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 4.0% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. Under President SARKOZY, Paris implemented some austerity measures to begin bringing the budget deficit under the 3% euro-zone ceiling 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 looser fiscal policy, greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, and hiring an additional 60,000 teachers during his five-year term. The government’s budget for 2014 introduced a temporary 75% tax on wages over one million euros, to be paid by employers. France ratified the EU fiscal stability treaty in October 2012. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

Source : CIA

company summary

		EUR VAT Number	FR04323814483
Activity (APE)	Manufacture of outerwear (1413Z)	Legal form	Simplified joint stock company
Phone	01 53 38 48 20	RCS Registration	RCS Paris 8 323 814 483
Fax		Share capital	747,900 Euros
Address	UNIFORM 8 B RUE DIEU 75010 PARIS 10	Incorporated Date	03/1982
Nationality	France	Status	Economically active

No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Company number
UNIFORM	323814483

Current Directors 1

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	38,416,031 €	36,593,466 €	30,245,179 €
Gross Operating Surplus	7,97 % Turnover	12,55 % Turnover	7,98 % Turnover
Shareholders’ equity	18,368,842 €	17,554,787 €	15,560,902 €
Net result	1,564,055 €	2,493,885 €	1,387,986 €
Employees	50 to 99 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Activity (APE)	Manufacture of outerwear (1413Z)
RCS Registration	RCS Paris 8 323 814 483	Share capital	747,900 Euros
Registration Court	Paris (75)	Legal form	Simplified joint stock company
Court Registry Number	19 8 2B02623	EUR VAT Number	FR04323814483
Incorporation Date	03/1982	Formation Date	02/1982
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Ultimate Parent

1 ultimate parent company for this company >  UNIFORM  - Fabrication de vêtements de dessus (1413Z)  in PARIS 10  (75010)

Establishment details

Activity (APE)	Manufacture of outerwear (1413Z)	Business Pages FT®	FABRICATION DE VETEMENTS POUR HOMMES
Postal Address	UNIFORM 8 B RUE DIEU 75010 PARIS 10	Trading Address	8 B RUE DIEU 75010 PARIS 10
Telephone	01 53 38 48 20
Fax

Type	Head office	Status	Economically active
Formation Date	07/1998	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 10	Size of urban area	Paris conglomeration

Other establishments

Branches	2 branch entities in this company
Head office	> UNIFORM <<<  - Fabrication de vêtements de dessus (1413Z)  in PARIS 10  (75010)
Secondary establishments	>  UNIFORM  -in PARIS 2  (75002) >  UNIFORM  - Fabrication de vêtements de dessus (1413Z)  in PARIS 10  (75010)

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

50 to 99 employees

Company workforce

50 to 99 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	30/12/2013	22/02/2013	09/12/2011
Activity Code	1413Z	1413Z	1413Z
Employees	0	72	75

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	7 093 760	1,5%	6 991 887	6,5%	6 566 000	23 585,50	29976,8%
- Intangible assets	3 615 147	-0,2%	3 622 283	3,2%	3 511 191	1 197	301917,3%
- Tangible assets	951 642	25,2%	759 908	17,9%	644 460	5 063,50	18694,2%
- Financial assets	2 526 971	-3,2%	2 609 696	8,3%	2 410 349	2 668	94614,1%
Net current assets	28 988 530	11,3%	26 055 670	23,4%	21 108 118	129 942,50	22208,7%
- Stocks	12 095 552	3,3%	11 705 850	16,0%	10 094 176	21 593	55916,1%
- Advanced payments	27 182	11,3%	65 890	70,8%	38 583	0	0%
- Receivables	13 714 934	58,4%	8 660 208	22,4%	7 073 275	36 175	37812,7%
- Securities and cash	3 150 862	-44,0%	5 623 722	44,1%	3 902 084	16 083	19491,3%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	125	-99,1%	13 196	2389,8%	530	0	0%
Total Assets	36 082 417	9,1%	33 060 752	19,5%	27 674 646	167 922,50	21387,5%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	18 368 842	4,6%	17 554 787	12,8%	15 560 902	40 232,50	45556,7%
Share capital	747 900	0%	747 900	0%	747 900	8 000	9248,8%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	215 270	17,5%	183 196	159,7%	70 530	0	0%
Liabilities	17 495 419	14,2%	15 322 768	27,5%	12 015 909	109 546,50	15870,8%
- Financial liabilities	7 162 380	95,0%	3 673 367	7,8%	3 408 148	10 792,50	66264,4%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	6 349 391	-11,3%	7 156 615	19,1%	6 008 618	19 977	31683,5%
- Tax and social liabilities	2 320 543	-3,2%	2 397 959	88,4%	1 272 742	37 043	6164,5%
- Other debts and fixed assets liabilities	1 655 311	-21,0%	2 094 827	54,7%	1 353 706	4 917	33565,1%
Account regularization	10 680	0%	0	0%	0	0	0%
Total liabilities	36 082 417	9,1%	33 060 752	19,5%	27 674 646	167 922	21387,6%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	42 215 804	4,1%	40 545 039	19,5%	33 943 071	242 147,50	17333,9%
Net turnover	38 416 031	5,0%	36 593 466	21,0%	30 245 179	223 443,50	17092,7%
- of which net export turnover	15 653 143	9,8%	14 256 394	7,9%	13 209 003	0	0%
Operating charges	39 748 568	9,2%	36 408 918	14,4%	31 818 228	250 681,50	15756,2%
Operating profit/loss	2 467 236	-40,3%	4 136 121	94,7%	2 124 843	2 109,50	116858,3%
Financial income	268 795	15,5%	232 715	55,6%	149 532	01	26879400%
Financial charges	434 461	18,5%	366 680	3,9%	352 776	431,50	100586,2%
Financial profit/loss	-165 666	-23,7%	-133 965	34,1%	-203 244	-86	-192534,9%
Pretax net operating income	2 301 570	-46,1%	4 272 386	107,9%	2 055 231	1 985	115848,1%
Extraordinary income	316 045	258,0%	88 292	-65,3%	254 499	0	0%
Extraordinary charges	234 343	-13,4%	270 589	-25,5%	363 415	119,50	196002,9%
Extraordinary profit/loss	81 702	144,8%	-182 297	-67,4%	-108 916	0	0%
Net result	1 564 055	-37,3%	2 493 885	79,7%	1 387 986	2 933,50	53217,0%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts – Active

Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Grand Total (I to VI)	Net	36 082 417	9,1%	33 060 752	19,5%	27 674 646
	Gross	CO	41 433 532	11,0%	37 324 471	19,2%	31 324 848
	Amortisation	1A	5 351 115	25,5%	4 263 719	16,8%	3 650 202

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	7 093 760	1,5%	6 991 887	6,5%	6 566 000
	Gross	BJ	9 058 525	7,8%	8 406 482	8,1%	7 776 199
	Amortisation	BK	1 964 765	38,9%	1 414 595	16,9%	1 210 199

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	3 615 147	-0,2%	3 622 283	3,2%	3 511 191
	Gross	AF	3 806 728	2,2%	3 724 097	3,6%	3 594 729
	Amortisation	AG	191 581	88,2%	101 814	21,9%	83 538
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	3 615 147	-0,2%	3 622 283	3,2%	3 511 191

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	464 858	4,2%	445 933	31,2%	339 817
	Gross	AP	1 042 631	10,8%	941 311	22,3%	769 808
	Amortisation	AQ	577 773	16,6%	495 378	15,2%	429 991
	Plant	Net	129 666	5976,2%	2 134	501,1%	355
	Gross	AR	261 534	1122,9%	21 386	13,8%	18 786
	Amortisation	AS	131 868	585,0%	19 252	4,5%	18 431
	Other tangible fixed assets	Net	357 118	31,4%	271 841	-10,7%	304 288
	Gross	AT	1 420 661	32,8%	1 069 992	8,9%	982 527
	Amortisation	AU	1 063 543	33,3%	798 151	17,7%	678 239
	Fixed assets in construction	Net	0	0%	40 000	0%	0
	Gross	AV	0	0%	40 000	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	951 642		759 908		644 460

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	2 230 051	1,5%	2 196 905	0,9%	2 176 665
	Gross	CU	2 230 051	1,5%	2 196 905	0,9%	2 176 665
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	21 313	-92,1%	270 230	97,8%	136 595
	Gross	BB	21 313	-92,1%	270 230	97,8%	136 595
	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	275 607	93,3%	142 561	46,8%	97 089
	Gross	BH	275 607	93,3%	142 561	46,8%	97 089
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		2 526 971		2 609 696		2 410 349

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	28 988 530	11,3%	26 055 670	23,4%	21 108 118
	Gross	CJ	32 374 881	12,0%	28 904 794	22,7%	23 548 120
	Amortisation	CK	3 386 351	18,9%	2 849 124	16,8%	2 440 002

Stocks

			31/12/2012		31/12/2011		31/12/2010
	Raw materials	Net	2 733 268	-3,5%	2 833 261	16,1%	2 439 486
	Gross	BL	3 295 683	-2,6%	3 385 276	16,9%	2 896 016
	Amortisation	BM	562 415	1,9%	552 015	20,9%	456 530
	Work in progress (goods)	Net	2 964 105	25,8%	2 356 425	43,3%	1 644 296
	Gross	BN	2 964 105	25,8%	2 356 425	43,3%	1 644 296
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	6 010 394
	Gross	BP	0	0%	0	0%	6 559 848
	Amortisation	BQ	0	0%	0	0%	549 454
	Semi-finished and finished products	Net	6 398 179	-1,8%	6 516 164	0%	0
	Gross	BR	7 200 347	0,1%	7 191 529	0%	0
	Amortisation	BS	802 168	18,8%	675 365	0%	0
	Goods for resale	Net	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	12 095 552	3,3%	11 705 850	16,0%	10 094 176

Advance payments to suppliers

			31/12/2012		31/12/2011		31/12/2010
	Advance payments to suppliers	Net	27 182	-58,7%	65 890	70,8%	38 583
	Gross	BV	27 182	-58,7%	65 890	70,8%	38 583
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2012		31/12/2011		31/12/2010
	Trade accounts receivable	Net	10 735 643	34,3%	7 991 117	21,9%	6 554 252
	Gross	BX	12 757 411	32,7%	9 612 861	20,3%	7 988 270
	Amortisation	BY	2 021 768	24,7%	1 621 744	13,1%	1 434 018
	Other debtors	Net	2 878 605	406,0%	568 945	36,0%	418 488
	Gross	BZ	2 878 605	406,0%	568 945	36,0%	418 488
	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	13 614 248	59,0%	8 560 062	22,8%	6 972 740

Divers

			31/12/2012		31/12/2011		31/12/2010
	Investment securities	Net	61 524	-98,3%	3 628 471	66,4%	2 181 171
	Gross	CD	61 524	-98,3%	3 628 471	66,4%	2 181 171
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	3 089 338	54,8%	1 995 251	15,9%	1 720 913
	Gross	CF	3 089 338	54,8%	1 995 251	15,9%	1 720 913
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	3 150 862	-44,0%	5 623 722	44,1%	3 902 084

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2010
	Prepaid expenses	Net	100 686	0,5%	100 146	-0,4%	100 535
	Gross	CH	100 686	0,5%	100 146	-0,4%	100 535
	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	125	-99,1%	13 196	2389,8%	530
Gross		125	-99,1%	13 196	2389,8%	530

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	36 082 417	9,1%	33 060 752	19,5%	27 674 646

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	18 368 842	4,6%	17 554 787	12,8%	15 560 902
	Equity and shareholders' equity	DA	747 900	0%	747 900	0%	747 900
	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	100 000	0%	100 000	0%	100 000
	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	15 956 887	12,3%	14 213 002	6,7%	13 325 016
	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	1 564 055	-37,3%	2 493 885	79,7%	1 387 986
	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	215 270	17,5%	183 196	159,7%	70 530
	Risk provisions	DP	215 270	17,5%	183 196	159,7%	70 530
	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	17 495 419	14,2%	15 322 768	27,5%	12 015 909
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	7 108 400	104,5%	3 475 662	11,4%	3 121 139
	Sundry loans and financial liabilities	DV	53 980	-72,7%	197 705	-31,1%	287 009
	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	6 349 391	-11,3%	7 156 615	19,1%	6 008 618
	Tax and social security liabilities	DY	2 320 543	-3,2%	2 397 959	88,4%	1 272 742
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	1 652 425	-21,1%	2 094 827	57,9%	1 326 401

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	2 886	0%	0	0%	27 305

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	10 680	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	11 493 111	-8,2%	12 515 017	31,0%	9 551 350
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	2 467 236	-40,3%	4 136 121	94,7%	2 124 843

2 - Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-165 666	-23,7%	-133 965	34,1%	-203 244

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	2 301 570	-46,1%	4 272 386	107,9%	2 055 231

4 - Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	81 702	144,8%	-182 297	-67,4%	-108 916

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	1 564 055	-37,3%	2 493 885	79,7%	1 387 986

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	42 800 644	4,0%	41 136 276	19,3%	34 480 734

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	41 236 593	6,7%	38 642 390	16,8%	33 092 747

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	42 215 804	4,1%	40 545 039	19,5%	33 943 071

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	Sale of goods for resale	FC	0	0%	0	0%	0
	France	FA	0	0%	0	0%	0
	Export	FB	0	0%	0	0%	0
	Sale of goods produced	FF	37 591 061	2,9%	36 519 261	21,0%	30 168 956
	France	FD	21 943 052	-1,5%	22 267 116	31,3%	16 963 673
	Export	FE	15 648 009	9,8%	14 252 145	7,9%	13 205 283
	Sale of services	FI	824 970	1011,7%	74 205	-2,6%	76 223
	France	FG	819 836	1071,9%	69 956	-3,5%	72 503
	Export	FH	5 134	20,8%	4 249	14,2%	3 720
	Net turnover	FL	38 416 031	5,0%	36 593 466	21,0%	30 245 179
	France	FJ	22 762 888	1,9%	22 337 072	31,1%	17 036 176
	Export	FK	15 653 143	9,8%	14 256 394	7,9%	13 209 003
	Stocked production	FM	616 497	-54,1%	1 343 810	0,4%	1 338 484
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	7 503	-9,9%	8 325	316,2%	2 000
	Release of reserves and provisions	FP	3 172 628	22,1%	2 598 650	11,2%	2 337 477
	Other income	FQ	3 145	299,1%	788	-96,0%	19 931

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	39 748 568	9,2%	36 408 918	14,4%	31 818 228

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	4 271 249	-17,0%	5 146 821	-2,3%	5 267 249
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	9 866 005	7,1%	9 212 457	22,2%	7 537 920
Change in stocks of raw materials	FV	89 593	118,3%	-489 260	-54,9%	-315 806
Other external purchases and charges	FW	12 923 180	-6,9%	13 874 489	14,2%	12 144 565
Tax, duty and similar payments	FX	535 139	26,2%	423 880	32,2%	320 735
Payroll	FY	5 667 613	61,1%	3 517 855	22,1%	2 880 525
Social security costs	FZ	2 625 411	57,4%	1 668 061	24,8%	1 336 852

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	379 161	85,5%	204 395	0,1%	204 100
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	3 386 350	18,9%	2 849 124	16,8%	2 440 002
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	4 867	344,1%	1 096	-47,5%	2 086

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%	270 230	102,2%	133 632
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	268 795	15,5%	232 715	55,6%	149 532
	Share financial income	GJ	49 270	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	67 129	618,7%	9 340	-27,3%	12 847
	Released provisions and transferred charges	GM	13 196	2389,8%	530	-82,3%	2 993
	Exchange gains	GN	129 103	-40,2%	215 797	62,4%	132 842
	Net income from disposal of investment securities	GO	10 097	43,3%	7 048	729,2%	850

Financial Charge (VI)

			31/12/2012		31/12/2011		31/12/2010
	Total financial charge (Total VI)	GU	434 461	18,5%	366 680	3,9%	352 776
	Financial reserves and provisions	GQ	125	-99,1%	13 196	2389,8%	530
	Interest and similar charges	GR	359 992	41,1%	255 171	-2,1%	260 638
	Exchange losses	GS	74 344	-24,4%	98 313	7,3%	91 608
	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	316 045	258,0%	88 292	-65,3%	254 499
	Extraordinary operating income	HA	191 045	116,4%	88 292	59,1%	55 493
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	125 000	0%	0	0%	199 006

Extraordinary charges (VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	234 343	-13,4%	270 589	-25,5%	363 415
	Extraordinary operating charges	HE	63 065	-63,0%	170 589	-40,5%	286 484
	Extraordinary charges from capital transactions	HF	47 133	0%	0	0%	76 931
	Extraordinary reserves and provisions	HG	124 145	24,1%	100 000	0%	0

Employee profit sharing (IX)

		31/12/2012		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	115 310	-52,7%	243 729	109,6%	116 279

Tax on profits (X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	703 911	-48,0%	1 352 474	206,0%	442 049

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	323 504	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	4 400	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%	141 123	-54,4%	309 715
	Gross value at the end of period	OL	0	0%	8 406 481	8,1%	7 776 198

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	0	0%	3 594 729	-0,1%	3 597 394
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	129 368	948,8%	12 335
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	15 000
	Gross value at the end of period	LW	0	0%	3 724 097	3,6%	3 594 729

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	0	0%	1 771 121	3,4%	1 712 062
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	301 568	410,6%	59 060
	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	0	0%	2 072 689	17,0%	1 771 122

Fiancial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	0	0%	2 410 349	6,3%	2 266 869
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	340 470	-22,3%	438 195
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	141 123	-52,1%	294 715
	Gross value at the end of period	NK	0	0%	2 609 696	8,3%	2 410 349

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	0	0%	83 538	-4,4%	87 401
Increases		PF	0	0%	18 276	64,1%	11 138
Decreasess		PG	0	0%	0	0%	15 000
	Decreasess by budget item transfer	PH	0	0%	101 814	21,9%	83 539

Total fixed assets amotisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	0	0%	1 126 661	20,7%	933 698
Increases		QV	0	0%	186 120	-3,5%	192 962
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	0	0%	1 312 781	16,5%	1 126 660

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	0	0%	2 510 532	0,5%	2 496 875
Increases		UB	0	0%	2 962 320	21,4%	2 440 532
Decreases		UC	0	0%	2 440 532	0,6%	2 426 875
	Value at the end of period	UD	0	0%	3 032 320	20,8%	2 510 532

Includes Total allocations

Operating	UE	0	0%	2 849 124	16,8%	2 440 002
Financial	UG	0	0%	13 196	2389,8%	530
Exceptional	UJ	0	0%	100 000	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	2 440 002	9,7%	2 224 876
Financial	UH	0	0%	530	-82,3%	2 993
Exceptional	UK	0	0%	0	0%	199 006

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	0	0%	70 530	-64,4%	197 993
Increases		TV	0	0%	113 196	21257,7%	530
Decreases		TW	0	0%	530	-99,6%	127 993
	Value at the end of period	TX	0	0%	183 196	159,7%	70 530

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	0	0%	2 440 002	6,1%	2 298 882
Increases		TY	0	0%	2 849 125	16,8%	2 440 002
Decreases		TZ	0	0%	2 440 002	6,1%	2 298 882
	Value at the end of period	UA	0	0%	2 849 125	16,8%	2 440 002

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	0	0%	10 694 743	22,4%	8 740 977
1 year at most	VU	0	0%	9 000 105	24,1%	7 253 804
More than one year	VV	0	0%	1 694 638	14,0%	1 487 173

State of loans

		31/12/2012		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	0	0%	270 230	97,8%	136 595
Claims related to shareholdings (1 year at most)	UM	0	0%	270 230	97,8%	136 595
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	142 561	46,8%	97 089
Other financial assets (1 year at most)	UV	0	0%	142 561	46,8%	97 089

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	0	0%	1 694 638	14,0%	1 487 173
Other claims customer	UX	0	0%	7 918 223	21,8%	6 501 097
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%	100
Social Security and other social organizations	UZ	0	0%	297	-74,2%	1 153
Income taxes	VM	0	0%	0	0%	30 593
Value added tax	VB	0	0%	349 528	12,0%	311 998
Other taxes and payments assimilated	VN	0	0%	159	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	110 000	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	108 961	46,0%	74 644

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	0	0%	100 146	-0,4%	100 535

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	0	0%	15 322 769	27,5%	12 015 909
1 year at most		VZ2	0	0%	12 515 017	31,0%	9 551 350
More than 1 year and 5 years at most		VZ3	0	0%	2 407 752	-2,3%	2 464 559
More than 5 years		VZ4	0	0%	400 000	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%	11 104	57,7%	7 039
1 year at most		VG2	0	0%	11 104	57,7%	7 039
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%	3 464 559	11,3%	3 114 100
1 year at most		VH2	0	0%	656 807	1,1%	649 541
More than 1 year and 5 years at most		VH3	0	0%	2 407 752	-2,3%	2 464 559
	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	0	0%	7 156 615	19,1%	6 008 618
1 year at most		8B2	0	0%	7 156 615	19,1%	6 008 618
More than 1 year and 5 years at most		8B3	0	0%	7 156 615	19,1%	6 008 618
	Personnel and associated accounts (gross)	8C1	0	0%	702 323	45,1%	484 134
1 year at most		8C2	0	0%	702 323	45,1%	484 134
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	557 780	19,6%	466 457
1 year at most		8D2	0	0%	557 780	19,6%	466 457
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	697 527	0%	0
1 year at most		8E2	0	0%	697 527	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	201 542	16,0%	173 752
1 year at most		VW2	0	0%	201 542	16,0%	173 752
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	238 786	60,9%	148 398
1 year at most		VQ2	0	0%	238 786	60,9%	148 398
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	197 705	-31,1%	287 009
1 year at most		VI2	0	0%	197 705	-31,1%	287 009
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%	2 094 827	57,9%	1 326 401
1 year at most		8K2	0	0%	2 094 827	57,9%	1 326 401
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%	1 000 000	-43,7%	1 776 681
Debt repaid during the period	VK	0	0%	645 541	-33,8%	975 607

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%	72	-4,0%	75

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		3,06	12,5%	2,72	4,6%	2,60	1,89	61,9%
Global Debt		164 days	8,6%	151 days	5,6%	143 days	135 days	21,5%
Working Capital Fund overall net		175 days	23,2%	142 days	-4,1%	148 days	70 days	150,0%
Financial independence		258,41%	-48,8%	505,08%	1,3%	498,56%	398,76%	-35,2%
More ratios
Solvability		50,91%	-4,1%	53,10%	-5,6%	56,23%	34,71%	46,7%
Capacity debt futures		%	-	2628,31%	10,9%	2369,99%	977,52%	-
Coverage of current assets by net working capital overall		57,68%	29,7%	44,46%	-8,7%	48,67%	41,04%	40,5%
General Liquidity			-	0,72	-5,3%	0,76	0,45	-
Restricted Liquidity			-	1,17	0%	1,17	0,90	-

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital		144 days	69,4%	85 days	-15,8%	101 days	17 days	747,1%
Treasury		30 days	-45,5%	55 days	19,6%	46 days	7 days	328,6%
Inventory turnover of goods		0 days	0%	0 days	0%	0 days	52 days	0%
Average length of credit granted to customers		120 days	26,3%	95 days	0%	95 days	30 days	300%
Average length of credit obtained suppliers		84 days	-9,7%	93 days	5,7%	88 days	47 days	78,7%
More ratios
Inventory turnover of raw materials in industrial enterprises		120 days	-9,1%	132 days	-4,3%	138 days	41 days	192,7%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	1766 days	3,4%	1708 days	995 days	-
Rotation tangible assets		%	-	1765,51%	3,4%	1707,68%	761,90%	-

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading		-11,12%	20,9%	-14,06%	19,3%	-17,42	0%	0%
Profitability of the business		7,97	-36,5%	12,55	57,3%	7,98	2,38%	234,9%
Net profit		4,07%	-40,3%	6,82%	48,6%	4,59%	1,79%	127,4%
More ratios
Growth rate of turnover (excluding VAT)		4,98%	-76,3%	20,99%	3541,0%	-0,61%	0%	0%
Rates integration		30,93%	11,1%	27,85%	21,2%	22,98%	27,24%	13,5%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		69,79%	37,2%	50,88%	-16,2%	60,68%	77,15%	-9,5%
Weight interests		1,13	13,0%	1%	-14,5%	1,17%	0,24%	370,8%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability		5,50%	444,6%	1,01%	140,4%	-2,50%	2,79%	97,1%
Rates of economic profitability		12%	-45,5%	22%	69,2%	13%	7,05%	70,2%
Financial profitability		18368842%	4,6%	17554787%	12,8%	15560902%	18793%	97643,0%
Return on investment		7,83%	-41,9%	13,48%	46,8%	9,18%	8,07%	-3,0%

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	38 416 031	5,0%	36 593 466	21,0%	30 245 179	223 444 €	17092,7%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	4 271 249	-17,0%	5 146 821	-2,3%	5 267 249
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	-4 271 249 €	17,0%	-5 146 821 €	2,3%	-5 267 249 €	0 €	0%
	-11,12 % CA	20,9%	-14,06 % CA	19,3%	-17,42 % CA	0 % CA	0%

Sale of goods produced	38 416 031	5,0%	36 593 466	21,0%	30 245 179
+/- Stocked production	616 497	-54,1%	1 343 810	0,4%	1 338 484
+ Self-constructed assets	0	0%	0	0%	0
Period production	39 032 528 €	2,9%	37 937 276 €	20,1%	31 583 663 €	83 891 €	46427,7%
	101,60 % CA	-2,0%	103,67 % CA	-0,7%	104,43 % CA	100 % CA	1,6%

Trading margin	-4 271 249	17,0%	-5 146 821	2,3%	-5 267 249	0	0%
+ Period Production	39 032 528	2,9%	37 937 276	20,1%	31 583 663	83 891	46427,7%
- Purchase of raw materials	9 866 005	7,1%	9 212 457	22,2%	7 537 920
+/- Change in stocks of raw materiels	89 593	118,3%	-489 260	-54,9%	-315 806
- Other external purchases and charges	12 923 180	-6,9%	13 874 489	14,2%	12 144 565
Added value	11 882 501 €	16,6%	10 192 769 €	46,7%	6 949 735 €	61 231 €	19306,0%
	30,93 % CA	11,1%	27,85 % CA	21,2%	22,98 % CA	27,24 % CA	13,5%

Added value	11 882 501 €	16,6%	10 192 769 €	46,7%	6 949 735 €	61 231 €	19306,0%
+ Operating grants	7 503	-9,9%	8 325	316,2%	2 000
- Tax, duty and similar payments	535 139	26,2%	423 880	32,2%	320 735
- Personal charges	8 293 024	59,9%	5 185 916	23,0%	4 217 377
Gross operating surplus	3 061 841 €	-33,3%	4 591 298 €	90,2%	2 413 623 €	2 879 €	106250,9%
	7,97 % CA	-36,5%	12,55 % CA	57,3%	7,98 % CA	2,38 % CA	234,9%

Gross operating surplus	3 061 841 €	-33,3%	4 591 298 €	90,2%	2 413 623 €	2 879 €	106250,9%
+ Release of reserves and provisions	3 172 628	22,1%	2 598 650	11,2%	2 337 477
+ Other operating income	3 145	299,1%	788	-96,0%	19 931
- Depreciation/Amortisation	3 765 511	23,3%	3 053 519	15,5%	2 644 102
- Other charges	4 867	344,1%	1 096	-47,5%	2 086
Operating result	2 467 236 €	-40,3%	4 136 121 €	94,7%	2 124 843 €	2 109,50 €	116858,3%
	6,42 % CA	-43,2%	11,30 % CA	60,7%	7,03 % CA	1,58 % CA	306,3%

Operating result	2 467 236 €	-40,3%	4 136 121 €	94,7%	2 124 843 €	2 109,50 €	116858,3%
+/- Result of joint-venture transferred from/to other partners	0	0%	270 230	102,2%	133 632
+ Financial income	268 795	15,5%	232 715	55,6%	149 532
- Financial charges	434 461	18,5%	366 680	3,9%	352 776
Pre-tax result	2 301 570 €	-46,1%	4 272 386 €	107,9%	2 055 231 €	1 985 €	115848,1%
	5,99 % CA	-48,7%	11,68 % CA	71,8%	6,80 % CA	1,36 % CA	340,4%

Extraordinary income	316 045	258,0%	88 292	-65,3%	254 499	0	0%
- Extraordinary charges	234 343	-13,4%	270 589	-25,5%	363 415
Extraordinary result	81 702 €	144,8%	-182 297 €	-67,4%	-108 916 €	0 €	0%
	0,21 % CA	142,0%	-0,50 % CA	-38,9%	0 % CA	0 % CA	0%

Pre-tax result	2 301 570 €	-46,1%	4 272 386 €	107,9%	2 055 231 €	1 985 €	115848,1%
Extraordinary result	81 702 €	144,8%	-182 297 €	-67,4%	-108 916 €	0 €	0%
- Employee profit sharing	115 310	-52,7%	243 729	109,6%	116 279
- Tax on profits	703 911	-48,0%	1 352 474	206,0%	442 049
Net result	1 564 051 €	-37,3%	2 493 886 €	79,7%	1 387 987 €	2 988 €	52244,4%
	4,07 % CA	-40,3%	6,82 % CA	48,6%	4,59 % CA	1,78 % CA	128,7%

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 shareholder's equity is 18,368,842 €

The ratio total assets to total liabilities is 2,04

The increase of tangible fixed assets over the last two accounting periods is 25 %

The net current assets are 28,988,530 €

The pre-tax profit is 2,267,966 €

The total assets are 36,082,417 €

The risk provisions are 215,270 €

The company has 1 director(s)

The liabilities are 17,495,419 €

The net turnover is 38,416,031 €

The creditor days are 60.33

The return on total assets employed is 6,29

High risk workforce size

The sales to current assets ratio is 1,33

The stock to turnover ratio is 31.49

The increase in the gearing percentage over the last two accounting periods is 83 %

Payment Information Summary - Trade Payment Data

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Preferential rights details and history

Summary of preferential rights

Company monitored since	03/04/2009
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	UNIFORM
Direct parent	-
Group – Number of companies	4
Linkages – Number of companies	-
Number of countries	-

Group Structure

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Company Name	SIREN	Parts	Last account published
UNIFORM	323814483	-	31/12/2012
TJ PASSY	408140671	66.67%	31/12/2012
TARA JARMON OUTLETS	489940056	90%	31/12/2012
JM & B	400234506	70%	31/12/2012

Shareholders

Type of shareholder

Shareholders

Ultimate parent company	UNIFORM
Direct parent	-
Group – Number of companies	4
Linkages – Number of companies	-
Number of countries	-

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
14/01/2014	Bodacc C	Comptes consolidés et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7259 - 323814483 RCS. UNIFORM. Forme : Société par actions simplifiée. Adresse : 8 bis rue Dieu 75010 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
20/12/2013	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 4821 - 323814483 RCS. UNIFORM. Forme : Société par actions simplifiée. Adresse : 8 bis rue Dieu 75010 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
24/12/2012	Bodacc C	Comptes annuels, consolidés et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8969 - 323814483 RCS. UNIFORM. Forme : Société par actions simplifiée. Adresse : 8 bis rue Dieu 75010 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
08/12/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6390 - 323814483 RCS. UNIFORM. Forme : Société par actions simplifiée. Adresse : 8 bis rue Dieu 75010 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
30/12/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8273 - 323814483 RCS. UNIFORM. Forme : Société par actions simplifiée à associé unique. Adresse : 8 bis rue Dieu 75010 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
30/12/2011	Bodacc C	Comptes annuels, consolidés et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8274 - 323814483 RCS. UNIFORM. Forme : Société par actions simplifiée à associé unique. Adresse : 8 bis rue Dieu 75010 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
08/11/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6561 - 323814483 RCS. UNIFORM. Forme : Société par actions simplifiée. Adresse : 8BIS R DIEU 75010 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
29/03/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5679 - 323814483 RCS. UNIFORM. Forme : Société par actions simplifiée. Adresse : 8BIS R DIEU 75010 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
28/11/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7645 - 323814483 RCS. UNIFORM. Forme : Société par actions simplifiée. Adresse : 8 bis rue Dieu 75010 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
27/12/2007	Bodacc C	Avis de dépôt des comptes
5937 - 323 814 483. RCS Paris UNIFORM. Forme: Société par actions simplifiée. Adresse du siège social: 8BIS rue Dieu 75010 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
20/09/2007	Bodacc B	Modifications et mutations diverses
1373 - RCS Paris B 323 814 483. RC 82-B 2623. UNIFORM. Forme : S.A.S. Capital : 747 900 euros. Adresse du siège social : 8 bis rue Dieu,, 75010 Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président : JARMON (David). Administrateurs partants : MOLLARD-TARA (Christine) (Nom d'usage : JARMON) SILVERA SMAIHA (Maguy dite Maguy) (Nom d'usage : JARMON).
11/01/2007	Bodacc B	Modifications et mutations diverses
2448 - RCS Paris B 323 814 483. RC 82-B 2623. UNIFORM. Forme : S.A. Capital : 747 900 euros. Adresse du siège social : 8 bis rue Dieu,, 75010 Commentaires : modification survenue sur le capital (diminution).
31/12/2006	Bodacc C	Avis de dépôt des comptes
297 - RCS Paris B 323 814 483. RC 82-B 2623. UNIFORM. Forme: S.A. Adresse du siège social: 8Bis R Dieu,Paris, 75010 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
02/07/2006	Bodacc C	Avis de dépôt des comptes
3552 - RCS Paris B 323 814 483. RC 82-B 2623. UNIFORM. Forme: S.A. Adresse du siège social: 8 bis, R Dieu,Paris, 75010 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
15/02/2005	Bodacc C	Avis de dépôt des comptes
370 - RCS Paris B 323 814 483. RC 82-B 2623. UNIFORM. Forme: S.A. Adresse du siège social: 8 bis, R Dieu,75010 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
15/08/2004	Bodacc A	Création d'établissement
RCS Paris B 421022765 RC AP-B 1051 CTY. Forme : S.A.R.L. Capital : 7 622,45 euros. Adresse du siège social : 20 rue du Sentier, 75002 Paris Etablissement principal: Activité : droit au bail de divers locaux. Adresse : 127 boulevard de Sébastopol, 75002 Paris Droit au bail acquis par cession au prix stipulé de 700 000 euros. Date d'effet : 2 aout 2004. Précédent propriétaire : UNIFORM. RCS B 323814483 Publication légale: La Vie judiciaire du 4 aout 2004. Oppositions : Séquestre Juridique de l'Ordre des Avocats, 11 place Dauphine, 75053 Paris Louvre R.P.-S.P.
27/01/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 323814483 RC 82-B 2623 UNIFORM. Forme : S.A. Capital : 1 000 000 d' euros Nom commercial: Uniform. Commentaires : modification survenue sur le capital (augmentation) et l' administration. Administration : modification du président du conseil d' administration et directeur général : JARMON (David).
19/09/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 323814483 RC 82-B 2623 UNIFORM. Forme : S.A Nom commercial: Uniform. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : LECHARTIER S.A. Commissaire aux comptes suppléant partant : AYADI (Arlette).
19/09/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 323814483 RC 82-B 2623 UNIFORM. Forme : S.A Nom commercial: Uniform. Commentaires : modification survenue sur l'administration. Administration : nomination du commissaire aux comptes titulaire : FIDUCIAIRE SAINT-MARTIN. Nomination du commissaire aux comptes suppléant : MERCADAL (Pierre).
28/01/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 323814483 RC 82-B 2623 UNIFORM. Forme : S.A Nom commercial: Uniform. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : TUBIANA (Hubert). Nomination du commissaire aux comptes titulaire : LECHARTIER S.A. Commissaire aux comptes suppléant partant : HONIGMAN. Nomination du commissaire aux comptes suppléant : AYADI (Arlette).
20/06/1999	Bodacc B	Modifications et mutations diverses
RCS Paris B 323814483 RC 82-B 02623 UNIFORM. Forme : S.A. Capital : 6 500 000 F Nom commercial: Uniform. Activité : vente et achat sous toutes ses formes de tous articles textiles entreprise de tout commerce en gros, en demi-gros et au détail. Adresse du siège social : 8 bis rue Dieu, 75010 Paris. Commentaires : modification survenue sur l'adresse du siège social. L'établissement secondaire devient siège social. Date d'effet : 10 mai 1999.
04/05/1995	Bodacc B	Modifications et mutations diverses
RCS Paris B 323 814 483 RC 82-B 2623 UNIFORM. Forme : S.A. Capital : 6 500 000 F Nom commercial: Uniform. Commentaires : modification survenue sur le capital.

Company events history

Date	Description
14/01/2014	Bodacc C : Deposit accounts notice
31/12/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
20/12/2013	Bodacc C : Deposit accounts notice
12/11/2013	Amendment
23/02/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
24/12/2012	Bodacc C : Deposit accounts notice
08/12/2012	Bodacc C : Deposit accounts notice
05/10/2012	Disengagement in other companies
03/08/2012	Disengagement in other companies
06/04/2012	New parent detected
31/12/2011	New accounts available
30/12/2011	Bodacc C : Deposit accounts notice
13/12/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
14/06/2011	New auditor
14/06/2011	Amendment
21/01/2011	New subsidiarie(s) detected
21/01/2011	New parent detected
31/12/2010	New accounts available
08/11/2010	Bodacc C : Deposit accounts notice
29/03/2010	Bodacc C : Deposit accounts notice
19/02/2010	Payment incident closed
31/12/2009	New accounts available
18/11/2009	Payment incident detected
22/04/2009	Payment incident closed
03/04/2009	Collection of preferential rights activated for this company
25/02/2009	Payment incident protested
25/02/2009	Payment incident detected
31/12/2008	New accounts available
28/11/2008	Bodacc C : Deposit accounts notice
11/11/2008	Payment incident closed
20/10/2008	Payment incident detected
31/12/2007	New accounts available
11/10/2007	Private document
11/10/2007	Amendment
11/10/2007	Minutes of general meeting of shareholders
10/10/2007	PV d'Assemblée
10/10/2007	Acte modificatif
03/08/2007	Appointment/resignation of company officers
03/08/2007	Minutes of general meeting of shareholders
03/08/2007	Changement de Forme Juridique avec changement de catégorie
03/08/2007	Modification du Conseil d'Administration
03/08/2007	Private document
03/08/2007	Statuts mis à jour
03/08/2007	Updated articles of association
03/08/2007	Rapport des Commissaires ou du Gérant
03/08/2007	Audit or Management Report
03/08/2007	Acte modificatif
03/08/2007	Changement de Président (PDG, PCA)
03/08/2007	New legal form – no new category
31/12/2006	New accounts available
20/12/2006	Private document
20/12/2006	Acte modificatif
20/12/2006	Minutes of Board meeting
20/12/2006	Réduction de Capital
20/12/2006	Capital reduction
20/12/2006	Statuts mis à jour
20/12/2006	PV du Conseil d'Administration
20/12/2006	Updated articles of association
16/10/2006	Other modification of Establishment (error correction)
16/10/2006	Update of Company Legal Form
03/08/2006	PV d'Assemblée
03/08/2006	Minutes of general meeting of shareholders
03/08/2006	Private document
03/08/2006	Réduction de Capital
03/08/2006	Capital reduction
11/05/2006	Minutes of general meeting of shareholders
11/05/2006	Private document
11/05/2006	Amendment
11/05/2006	Minutes of Board meeting
10/05/2006	Acte modificatif
10/05/2006	PV d'Assemblée
10/05/2006	PV du Conseil d'Administration
31/12/2005	New accounts available
31/12/2004	New accounts available
15/01/2004	Modification du Conseil d'Administration
15/01/2004	Acte sous seing privé
15/01/2004	Nomination/démission des organes de gestion
15/01/2004	PV du Conseil d'Administration
15/01/2004	Statuts mis à jour
15/01/2004	Acte modificatif
15/01/2004	Augmentation de Capital
15/01/2004	PV d'Assemblée
31/12/2003	New accounts available
31/01/2002	Changement de date de clôture
31/01/2002	Statuts mis à jour
31/01/2002	PV d'Assemblée
31/01/2002	Acte sous seing privé
05/09/2001	Nomination/démission des organes de gestion
05/09/2001	PV d'Assemblée
05/09/2001	Changement de Commissaire aux Comptes
05/09/2001	Acte sous seing privé
12/01/2001	Changement de Commissaire aux Comptes
12/01/2001	Nomination/démission des organes de gestion
12/01/2001	PV d'Assemblée
12/01/2001	Acte sous seing privé
03/05/1999	Statuts mis à jour
03/05/1999	Transfert du Siège dans le ressort du Tribunal de Commerce
03/05/1999	Acte sous seing privé
03/05/1999	PV d'Assemblée
12/01/1996	Acte modificatif
12/01/1996	Reconstitution de l'Actif Net
12/01/1996	PV d'Assemblée
13/04/1995	PV d'Assemblée
13/04/1995	Augmentation de Capital
13/04/1995	Acte modificatif
13/04/1995	Statuts mis à jour
31/05/1994	Acte modificatif
31/05/1994	Augmentation de Capital
31/05/1994	Statuts mis à jour
31/05/1994	Déclaration de conformité
31/05/1994	PV d'Assemblée

Establishment events history

Date	Description
22/02/2014	Update of phone numbers
26/07/2012	Update of phone numbers
26/02/2010	Update of phone numbers
16/10/2006	Modification of Head office

directors

Name	M. JARMON DAVID
Manager position	President	Date of birth	16/08/1956
Place of birth	TUNIS(TUNISIE)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M DAVID JARMON	16/08/1956 - TUNIS TUNISIE
President	M DAVID JARMON	16/08/1956 - TUNIS(TUNISIE)
Chairman of the Board	M DAVID JARMON	16/08/1956 - TUNIS TUNISIE
Managing director	M DAVID JARMON	16/08/1956 - TUNIS TUNISIE
Administrator	MME CHRISTINE JARMON	- - -
Administrator	MME MAGUY JARMON	- - -

Bottom of Form

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 :

NNA

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.