MIRA INFORM REPORT

Report Date :

09.07.2014

IDENTIFICATION DETAILS

Name :	LEDA
Registered Office :	Za Bois Gasseau, Le Bois Gasseau, Bp 4, 77210 Samoreau
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	January 1974
Com. Reg. No.:	RCS Melun 7 300 345 196
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Wholesale trader of Sanitary Ware and Decoration Products
No of Employees :	107 (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 :	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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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 82 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 stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented 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, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. 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

Name

LEDA

SIRET

300 345 196 00061

Activity (APE)	Wholesale trader of sanitary ware and decoration products	EUR VAT Number	FR78300345196
Phone	01 60 71 65 65	Legal form	Simplified Joint Stock Company with Single Associate
Address	LEDA LEDA PANDA KORALLE ZA BOIS GASSEAU LE BOIS GASSEAU BP 4 77210 SAMOREAU	RCS Registration	RCS Melun 7 300 345 196
Nationality	France	Share capital	949,672 Euros
		Incorporated Date	01/1974
		Status	Economically active

Payment Information Summary - Trade Payment Data
Total number of Invoices available	2
Total number of Invoices paid within or up to 30 days after the due date	2
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Company number
SANITEC CORPORATION	19551152

Current Directors

2

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	24,289,013 €	25,956,360 €	28,944,905 €
Gross Operating Surplus	2.46 % Turnover	-0.59 % Turnover	0.16 % Turnover
Shareholders’ equity	2,063,286 €	3,964,926 €	4,677,324 €
Net result	1,037,114 €	-712,398 €	-524,275 €
Employees	107 (31.12.2012)	-	-

Trends
Profitability
Liquidity
Net worth

Company details

Activity (APE)	Wholesale trader of Sanitary Ware and Decoration Products
RCS Registration	RCS Melun 7 300 345 196	Share capital	949,672 Euros
Registration Court	Melun (77)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	19 7 4B50007	EUR VAT Number	FR78300345196
Incorporation Date	01/1974	Formation Date	01/1974
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Wholesale trader of Sanitary Ware and Decoration Products	Business Pages FT®	SALLES DE BAINS: APPAREILS SANITAIRES (FABRICATION, GROS)
Postal Address	LEDA LEDA PANDA KORALLE ZA BOIS GASSEAU LE BOIS GASSEAU BP 4 77210 SAMOREAU	Trading Address	LE BOIS GASSEAU 77210 SAMOREAU
Telephone	01 60 71 65 65
Fax

Type	Head office	Status	Economically active
Formation Date	01/1989	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Seine-et-Marne (77)	Region	Ile-de-France
District	4	Area	13
City	SAMOREAU	Size of urban area

Other establishments

Branches	3 branch entities in this company
Head office	> LEDA <<< - Commerce de gros (commerce interentreprises) d'appareils sanitaires et de produits de décoration (4673B) in SAMOREAU (77210)
Secondary establishments	> LEDA - Commerce de gros (commerce interentreprises) d'appareils sanitaires et de produits de décoration (4673B) in SELLES SUR CHER (41130) > LEDA - Commerce de gros (commerce interentreprises) d'appareils sanitaires et de produits de décoration (4673B) in MER (41500) > LEDA - Commerce de gros (commerce interentreprises) d'appareils sanitaires et de produits de décoration (4673B) in TOSSE (40230)

Rationality	Legal unit with multiple establishments in many areas but no one grouping more than 50% of workforce
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

107 (31.12.2012)

Company workforce

107 (31.12.2012)

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	09/07/2013	12/10/2012	28/02/2012
Activity Code	4673B	4673B	4673B
Employees	107	84	85

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	617,327	-54.7%	1,361,664	-14.2%	1,587,326	48,434.50	1174.6%
- Intangible assets	44,608	-40.1%	74,465	1137.2%	6,019	641	6859.1%
- Tangible assets	534,130	-55.3%	1,195,365	-19.7%	1,489,473	22,016	2326.1%
- Financial assets	38,589	-58.0%	91,834	0%	91,834	3,470	1012.1%
Net current assets	8,117,711	-29.6%	11,524,772	-4.9%	12,120,963	349,526.50	2222.5%
- Stocks	3,440,286	4.6%	3,288,075	-28.1%	4,574,899	87,140	3848.0%
- Advanced payments	3,618	-29.6%	0	0%	0	0	0%
- Receivables	3,840,089	-49.2%	7,553,312	19.5%	6,319,580	141,736.50	2609.3%
- Securities and cash	833,718	22.0%	683,385	-44.3%	1,226,484	52,041.50	1502.0%
- Prepaid expenses	-	-	-	-	-	337	-
Accounts of regularization	791	-93.0%	11,252	0%	0	0	0%
Total Assets	8,735,830	-32.3%	12,897,687	-5.9%	13,708,290	438,155	1893.8%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Shareholders' equity	2,063,286	-48.0%	3,964,926	-15.2%	4,677,324	158,439.50	1202.3%
Share capital	949,672	-81.5%	5,128,229	0%	5,128,229	22,405	4138.7%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1,023,225	30.7%	782,773	26.5%	618,710	0	0%
Liabilities	5,648,220	-30.7%	8,149,988	-3.1%	8,412,256	253,499	2128.1%
- Financial liabilities	1,000	0%	1,000	-98.5%	66,841	35,201	-97.2%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	2,417,218	-40.7%	4,075,554	2.1%	3,993,630	108,167.50	2134.7%
- Tax and social liabilities	1,605,426	-18.6%	1,971,419	1.8%	1,936,235	63,433.50	2430.9%
- Other debts and fixed assets liabilities	1,625,672	-22.7%	2,102,015	-13.0%	2,415,550	7,077	22871.2%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	8,735,830	-32.3%	12,897,687	-5.9%	13,708,290	438,156	1893.8%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Sales of Goods	24,730,775	-4.1%	25,785,585	-11.9%	29,265,152	843,554.50	2831.7%
Net turnover	24,289,013	-6.4%	25,956,360	-10.3%	28,944,905	826,649	2838.2%
- of which net export turnover	1,045,088	-30.9%	1,513,376	123.5%	677,084	0	0%
Operating charges	24,882,978	-5.1%	26,220,505	-16.0%	31,204,488	798,171.50	3017.5%
Operating profit/loss	-152,203	65.0%	-434,920	77.6%	-1,939,336	16,304	-1033.5%
Financial income	74,424	41.5%	52,599	1094.9%	4,402	129	57593.0%
Financial charges	314,913	12.4%	280,076	-18.6%	343,883	1,645	19043.6%
Financial profit/loss	-240,489	-5.7%	-227,477	33.0%	-339,481	-467	-51396.6%
Pretax net operating income	-392,692	40.7%	-662,397	70.9%	-2,278,817	16,015	-2552.0%
Extraordinary income	1,985,371	7102.0%	27,567	-98.5%	1,800,829	567	350053.6%
Extraordinary charges	555,562	1011.1%	50,000	8.0%	46,289	538.50	103068.4%
Extraordinary profit/loss	1,429,809	6473.7%	-22,433	-101.3%	1,754,540	0	0%
Net result	1,037,114	245.6%	-712,398	-35.9%	-524,275	15,066	6783.8%

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	8,735,830	-32.3%	12,897,687	-5.9%	13,708,290
	Gross	CO	11,946,879	-33.3%	17,900,476	-4.8%	18,796,428
	Amortisation	1A	3,211,049	-35.8%	5,002,789	-1.7%	5,088,138

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	617,327	-54.7%	1,361,664	-14.2%	1,587,326
	Gross	BJ	2,719,919	-47.1%	5,141,155	3.4%	4,972,019
	Amortisation	BK	2,102,592	-44.4%	3,779,491	11.7%	3,384,693

Intangible fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	44,608	-40.1%	74,465	1137.2%	6,019
	Gross	AF	382,215	0.0%	382,216	30.3%	293,299
	Amortisation	AG	337,607	9.7%	307,751	7.1%	287,280
	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	44,608	-40.1%	74,465	1137.2%	6,019

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%	393,083	-12.3%	448,362
	Gross	AP	0	0%	874,800	0%	874,800
	Amortisation	AQ	0	0%	481,717	13.0%	426,438
	Plant	Net	308,300	-27.0%	422,341	14.7%	368,065
	Gross	AR	1,658,427	4.1%	1,592,485	17.9%	1,350,843
	Amortisation	AS	1,350,127	15.4%	1,170,144	19.1%	982,778
	Other tangible fixed assets	Net	90,466	-71.8%	320,685	-24.0%	422,173
	Gross	AT	500,662	-76.5%	2,132,877	1.4%	2,102,683
	Amortisation	AU	410,196	-77.4%	1,812,192	7.8%	1,680,510
	Fixed assets in construction	Net	10,364	-82.5%	59,256	-76.4%	250,873
	Gross	AV	10,364	-82.5%	59,256	-76.4%	250,873
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	125,000	0%	0	0%	0
	Gross	AX	125,000	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	534,130		1,195,365		1,489,473

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%	200	0%	200
	Gross	BF	4,662	0%	4,862	0%	4,862
	Amortisation	BG	4,662		4,662		4,662
	Other financial assets	Net	38,589	-57.9%	91,634	0%	91,634
	Gross	BH	38,589	-59.2%	94,659	0%	94,659
	Amortisation	BI	0	0%	3,025	0%	3,025
	Sub Total Financial Assets		38,589		91,834		91,834

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	8,117,711	-29.6%	11,524,772	-4.9%	12,120,963
	Gross	CJ	9,226,165	-27.6%	12,748,069	-7.8%	13,824,407
	Amortisation	CK	1,108,454	-9.4%	1,223,297	-28.2%	1,703,444

Stocks

			31/12/2012		31/12/2011		31/12/2010
	Raw materials	Net	151,144	-21.6%	192,832	11.0%	173,679
	Gross	BL	151,144	-21.6%	192,832	11.0%	173,679
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	1,903,925	5.9%	1,798,639	-17.3%	2,174,223
	Gross	BN	1,903,925	5.9%	1,798,639	-17.3%	2,174,223
	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	1,124,243	13.3%	992,362	-38.4%	1,610,508
	Gross	BR	1,124,243	13.3%	992,362	-38.4%	1,610,508
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	260,974	-14.2%	304,242	-50.6%	616,489
	Gross	BT	1,295,429	-12.3%	1,477,514	-36.1%	2,312,273
	Amortisation	BU	1,034,455	-11.8%	1,173,272	-30.8%	1,695,784
	Sub Total Stocks	Net	3,440,286	4.6%	3,288,075	-28.1%	4,574,899

Advance payments to suppliers

			31/12/2012		31/12/2011		31/12/2010
	Advance payments to suppliers	Net	3,618	0%	0	0%	0
	Gross	BV	3,618	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	3,106,424	4.0%	2,985,870	5.1%	2,840,294
	Gross	BX	3,180,423	4.8%	3,035,895	6.6%	2,847,954
	Amortisation	BY	73,999	47.9%	50,025	553.1%	7,660
	Other debtors	Net	720,884	-83.9%	4,482,173	32.6%	3,381,407
	Gross	BZ	720,884	-83.9%	4,482,173	32.6%	3,381,407
	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	3,827,308	-48.8%	7,468,043	20.0%	6,221,701

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	833,718	22.0%	683,385	-44.3%	1,226,484
	Gross	CF	833,718	22.0%	683,385	-44.3%	1,226,484
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	833,718	22.0%	683,385	-44.3%	1,226,484

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2010
	Prepaid expenses	Net	12,781	-85.0%	85,269	-12.9%	97,879
	Gross	CH	12,781	-85.0%	85,269	-12.9%	97,879
	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	791	-93.0%	11,252	0%	0
Gross		791	-93.0%	11,252	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to V)	EE	8,735,830	-32.3%	12,897,687	-5.9%	13,708,290

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	2,063,286	-48.0%	3,964,926	-15.2%	4,677,324
	Equity and shareholders' equity	DA	949,672	-81.5%	5,128,229	0%	5,128,229
	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	76,500	0%	76,500	0%	76,500
	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	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	-527,405	-16750.0%	-3,130
	Profit or loss for the period	DI	1,037,114	245.6%	-712,398	-35.9%	-524,275
	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	1,023,225	30.7%	782,773	26.5%	618,710
	Risk provisions	DP	421,459	43.7%	293,252	45.4%	201,622
	Reserves for charges	DQ	601,766	22.9%	489,521	17.4%	417,088

Liabilities (IV)

			31/12/2012		31/12/2011		31/12/2010
	Total Liabilities (Total IV)	EC	5,648,220	-30.7%	8,149,988	-3.1%	8,412,256
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	1,000	0%	1,000	-89.2%	9,258
	Sundry loans and financial liabilities	DV	0	0%	0	0%	57,583
	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	2,417,218	-40.7%	4,075,554	2.1%	3,993,630
	Tax and social security liabilities	DY	1,605,426	-18.6%	1,971,419	1.8%	1,936,235
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	1,624,575	-22.7%	2,102,015	-13.0%	2,415,550

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	1,097	0%	0	0%	0

Equalization accounts

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

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	5,648,220	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	-152,203	65.0%	-434,920	77.6%	-1,939,336

2 -Financial result(V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-240,489	-5.7%	-227,477	33.0%	-339,481

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	-392,692	40.7%	-662,397	70.9%	-2,278,817

4 -Extraordinary result(VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	1,429,809	6473.7%	-22,433	-101.3%	1,754,540

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	1,037,114	245.6%	-712,398	-35.9%	-524,275

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	26,790,570	3.6%	25,865,751	-16.8%	31,070,383

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	25,753,453	-3.1%	26,578,148	-15.9%	31,594,660

Operating income(I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	24,730,775	-4.1%	25,785,585	-11.9%	29,265,152

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	Sale of goods for resale	FC	23,588,847	-4.7%	24,742,994	5.2%	23,514,949
	France	FA	22,796,856	-3.8%	23,708,281	1.4%	23,385,946
	Export	FB	791,991	-23.5%	1,034,713	702.1%	129,003
	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	700,166	-42.3%	1,213,366	-77.7%	5,429,956
	France	FG	447,069	-39.1%	734,703	-85.0%	4,881,875
	Export	FH	253,097	-47.1%	478,663	-12.7%	548,081
	Net turnover	FL	24,289,013	-6.4%	25,956,360	-10.3%	28,944,905
	France	FJ	23,243,925	-4.9%	24,442,984	-13.5%	28,267,821
	Export	FK	1,045,088	-30.9%	1,513,376	123.5%	677,084
	Stocked production	FM	137,516	112.5%	-1,099,661	0%	0
	Self-constructed assets	FN	0	0%	40,950	-48.3%	79,168
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	302,685	-65.8%	884,991	375.5%	186,125
	Other income	FQ	1,561	-47.0%	2,945	-94.6%	54,954

Operating charges(II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	24,882,978	-5.1%	26,220,505	-16.0%	31,204,488

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	9,449,368	3.4%	9,141,549	-57.9%	21,712,764
Change in stocks of goods for resale	FT	82,663	-88.4%	713,854	111.4%	-6,270,684
Purchase of raw materials	FU	777,536	-25.9%	1,049,530	0%	0
Change in stocks of raw materials	FV	41,687	317.7%	-19,153	0%	0
Other external purchases and charges	FW	8,486,653	-4.9%	8,928,004	8.4%	8,234,793
Tax, duty and similar payments	FX	343,606	12.2%	306,366	-12.7%	350,843
Payroll	FY	3,142,317	-8.6%	3,438,409	-0.2%	3,444,324
Social security costs	FZ	1,506,207	0.9%	1,492,530	-0.9%	1,506,756

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	328,254	-16.9%	394,797	3.7%	380,672
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	47,699	-80.9%	249,729	-85.3%	1,697,511
Provisions for risks and charges	GD	382,537	42.7%	268,000	139.3%	112,000

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	294,451	14.6%	256,890	623.5%	35,509

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	74,424	41.5%	52,599	1094.9%	4,402
	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	12,048	204.2%	3,961	-9.4%	4,372
	Released provisions and transferred charges	GM	11,252	0%	0	0%	0
	Exchange gains	GN	51,124	5.1%	48,638	162026.7%	30
	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	314,913	12.4%	280,076	-18.6%	343,883
	Financial reserves and provisions	GQ	791	-93.0%	11,252	0%	0
	Interest and similar charges	GR	166,291	-8.7%	182,233	-46.9%	343,457
	Exchange losses	GS	147,831	70.7%	86,591	20226.5%	426
	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	1,985,371	7102.0%	27,567	-98.5%	1,800,829
	Extraordinary operating income	HA	0	0%	0	0%	0
	Extraordinary income from capital transactions	HB	1,982,346	0%	0	0%	1,787,000
	Released provisions and transferred charges	HC	3,025	-89.0%	27,567	99.3%	13,829

Extraordinary charges(VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	555,562	1011.1%	50,000	8.0%	46,289
	Extraordinary operating charges	HE	0	0%	0	0%	68
	Extraordinary charges from capital transactions	HF	555,562	0%	0	0%	46,221
	Extraordinary reserves and provisions	HG	0	0%	50,000	0%	0

Employee profit sharing(IX)

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

Tax on profits(X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	0	0%	27,567	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%	250,873	0%	0
	Decreasess by transfers	OK2	2,687,688	0%	0	0%	46,221
	Gross value at the end of period	OL	2,719,921	-47.1%	5,141,155	3.4%	4,972,020

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	382,215	30.3%	293,300	0%	293,300
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	88,917	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	-01	0%	0	0%	0
	Gross value at the end of period	LW	382,216	0.0%	382,217	30.3%	293,300

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	4,659,417	1.8%	4,579,200	8.7%	4,211,603
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	248,956	-24.8%	331,092	-20.0%	413,817
	Decreasess by budget item transfer	NG1	0	0%	250,873	0%	0
	Decreasess by transfers	NG2	2,613,919	0%	0	0%	46,220
	Gross value at the end of period	NH	2,294,454	-50.8%	4,659,419	1.8%	4,579,200

Financial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	99,521	0%	99,521	0%	99,521
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	17,500	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	73,770	0%	0	0%	0
	Gross value at the end of period	NK	43,251	-56.5%	99,521	0%	99,521

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	307,751	7.1%	287,281	13.1%	253,960
Increases		PF	29,856	45.8%	20,471	-38.6%	33,321
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	337,607	9.7%	307,752	7.1%	287,281

Total fixed assets amotisation(Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	3,464,050	12.1%	3,089,726	12.7%	2,742,375
Increases		QV	298,400	-20.3%	374,326	7.8%	347,351
Decreases		QW	2,002,124	0%	0	0%	0
	Decreasess by budget item transfer	QX	1,760,326	-49.2%	3,464,052	12.1%	3,089,726

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	2,013,757	-13.6%	2,329,842	228.7%	708,764
Increases		UB	431,028	-25.6%	578,981	-68.0%	1,809,511
Decreases		UC	308,442	-65.5%	895,065	375.0%	188,434
	Value at the end of period	UD	2,136,343	6.1%	2,013,758	-13.6%	2,329,841

Includes Total allocations

Operating	UE	0	0%	0	0%	1,809,511
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	174,605
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	13,829

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	782,773	26.5%	618,710	-5.9%	657,710
Increases		TV	383,329	16.4%	329,252	194.0%	112,000
Decreases		TW	142,876	-13.5%	165,189	9.4%	151,000
	Value at the end of period	TX	1,023,226	30.7%	782,773	26.5%	618,710

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	1,230,984	-28.1%	1,711,131	3251.6%	51,054
Increases		TY	47,699	-80.9%	249,729	-85.3%	1,697,511
Decreases		TZ	165,566	-77.3%	729,875	1849.8%	37,434
	Value at the end of period	UA	1,113,117	-9.6%	1,230,985	-28.1%	1,711,131

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	3,957,339	-48.6%	7,702,858	19.9%	6,426,762
1 year at most	VU	3,914,088	-48.5%	7,603,337	20.2%	6,327,241
More than one year	VV	43,251	-56.5%	99,521	0%	99,521

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	4,662	-4.1%	4,862	0%	4,862
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	38,589	-59.2%	94,659	0%	94,659
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	22,983	97.6%	11,632	27.0%	9,162
Other claims customer	UX	3,157,441	4.4%	3,024,263	6.5%	2,838,793
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	27,296	-18.4%	33,431	-16.9%	40,241
Social Security and other social organizations	UZ	416	-67.8%	1,292	-32.8%	1,922
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	53,482	20710.1%	257	-100.0%	1,244,954
Other taxes and payments assimilated	VN	1,427	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	3,302,801	514355.0%	642
Accounts receivable (including claims relating to the operation of pension titles)	VR	638,261	-44.2%	1,144,393	-45.3%	2,093,648

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	12,781	-85.0%	85,269	-12.9%	97,879

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	5,648,221	-30.7%	8,149,988	-3.1%	8,412,256
1 year at most		VZ2	5,648,221	-30.7%	8,149,988	-3.1%	8,412,256
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	1,000	0%	1,000	-89.2%	9,258
1 year at most		VG2	1,000	0%	1,000	-89.2%	9,258
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%	57,583
1 year at most		8A2	0	0%	0	0%	57,583
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	2,417,219	-40.7%	4,075,554	2.1%	3,993,630
1 year at most		8B2	2,417,219	-40.7%	4,075,554	2.1%	3,993,630
More than 1 year and 5 years at most		8B3	2,417,219	-40.7%	4,075,554	2.1%	3,993,630
	Personnel and associated accounts (gross)	8C1	848,934	-18.6%	1,042,952	-1.5%	1,058,856
1 year at most		8C2	848,934	-18.6%	1,042,952	-1.5%	1,058,856
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	674,502	-13.9%	783,610	1.4%	773,115
1 year at most		8D2	674,502	-13.9%	783,610	1.4%	773,115
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	6,384	-83.0%	37,456	0%	0
1 year at most		VW2	6,384	-83.0%	37,456	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	75,606	-29.6%	107,401	3.0%	104,264
1 year at most		VQ2	75,606	-29.6%	107,401	3.0%	104,264
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%	157,660	-34.7%	241,623
1 year at most		VI2	0	0%	157,660	-34.7%	241,623
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	1,624,575	-16.4%	1,944,355	-10.6%	2,173,927
1 year at most		8K2	1,624,575	-16.4%	1,944,355	-10.6%	2,173,927
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

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

Table allocation results and other information
Dividends distributed

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

Commitments

		31/12/2012		31/12/2011		31/12/2010
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2012		31/12/2011		31/12/2010
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2012		31/12/2011		31/12/2010
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2012		31/12/2011		31/12/2010
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/12/2012		31/12/2011		31/12/2010
Average number of employees	YP	107	27.4%	84	-1.2%	85

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		1.91	15.1%	1.66	-5.7%	1.76	2.13	-10.3%
Global Debt		84days	-25.7%	113days	7.6%	105days	104.50days	-19.6%
Working Capital Fund overall net		37days	-21.3%	47days	0%	47days	59days	-37.3%
Financial independence		206328.60%	-48.0%	396492.60%	684.8%	50521.97%	457.22%	45026.8%
More ratios
Solvability		23.62%	-23.2%	30.74%	-9.9%	34.12%	37.67%	-37.3%
Capacity debt futures		206328.60%	-48.0%	396492.60%	684.8%	50521.97%	1213.81%	16898.4%
Coverage of current assets by net working capital overall		26.81%	0.2%	26.75%	-2.8%	27.51%	41.70%	-35.7%
General Liquidity		0.69	-25.8%	0.93	24.0%	0.75	0.69	0%
Restricted Liquidity		0.84	-17.6%	1.02	13.3%	0.90	1.07	-21.5%

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Need background in operating working capital		24days	-33.3%	36days	20.0%	30days	29days	-17.2%
Treasury		12days	33.3%	9days	-40.0%	15days	14days	-14.3%
Inventory turnover of goods		49days	-9.3%	54days	0%	54days	77days	-36.4%
Average length of credit granted to customers		47days	11.9%	42days	20.0%	35days	51days	-7.8%
Average length of credit obtained suppliers		46days	-37.8%	74days	21.3%	61days	56days	-17.9%
More ratios
Inventory turnover of raw materials in industrial enterprises		35days	6.1%	33days	-93.2%	485days	0days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	937.50days	-
Rotation tangible assets		1058.60%	90.0%	557.07%	-11.9%	632.10%	1018.29%	4.0%

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Margin trading		57.87%	0.9%	57.36%	105.7%	27.89	34.28%	68.8%
Profitability of the business		2.46	516.9%	-0.59	-468.8%	0.16	3.60%	-31.7%
Net profit		4.27%	255.8%	-2.74%	-51.4%	-1.81%	1.77%	141.2%
More ratios
Growth rate of turnover (excluding VAT)		-6.42%	37.8%	-10.32%	-66.5%	-6.20%	0%	0%
Rates integration		23.01%	17.5%	19.59%	6.1%	18.47%	23.11%	-0.4%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		83.18%	-14.2%	96.99%	4.8%	92.59%	75.20%	10.6%
Weight interests		1.30	20.4%	1.08%	-9.2%	1.19%	0.23%	465.2%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Cash flow from the overall profitability		-0.25%	74.7%	-0.99%	86.2%	-7.16%	2.71%	-109.2%
Rates of economic profitability		29%	825.0%	-4%	-500%	1%	14%	107.1%
Financial profitability		2063286%	-48.0%	3964926%	-15.2%	4677324%	135385%	1424.0%
Return on investment		65.50%	700.9%	-10.90%	-186.8%	-3.80%	8.99%	628.6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Turnover	24,289,013	-6.4%	25,956,360	-10.3%	28,944,905	826,649 €	2838.2%

Sales of goods	23,588,847	-4.7%	24,742,994	5.2%	23,514,949
- Purchase of goods	9,449,368	3.4%	9,141,549	-57.9%	21,712,764
+/- Stock of goods variation	82,663	-88.4%	713,854	111.4%	-6,270,684
Trading margin	14,056,816 €	-5.6%	14,887,591 €	84.4%	8,072,869 €	269,261 €	5120.5%
	57.87 % CA	0.9%	57.36 % CA	105.7%	27.89 % CA	34.69 % CA	66.8%

Sale of goods produced	700,166	-42.3%	1,213,366	-77.7%	5,429,956
+/- Stocked production	137,516	112.5%	-1,099,661	0%	0
+ Self-constructed assets	0	0%	40,950	-48.3%	79,168
Period production	837,682 €	441.6%	154,655 €	-97.2%	5,509,124 €	15,929.50 €	5158.7%
	3.45 % CA	475.0%	0.60 % CA	-96.8%	19.03 % CA	1.67 % CA	106.6%

Trading margin	14,056,816	-5.6%	14,887,591	84.4%	8,072,869	269,261	5120.5%
+ Period Production	837,682	441.6%	154,655	-97.2%	5,509,124	15,929.50	5158.7%
- Purchase of raw materials	777,536	-25.9%	1,049,530	0%	0
+/- Change in stocks of raw materiels	41,687	317.7%	-19,153	0%	0
- Other external purchases and charges	8,486,653	-4.9%	8,928,004	8.4%	8,234,793
Added value	5,588,622 €	9.9%	5,083,865 €	-4.9%	5,347,200 €	201,644 €	2671.5%
	23.01 % CA	17.5%	19.59 % CA	6.1%	18.47 % CA	23.11 % CA	-0.4%

Added value	5,588,622 €	9.9%	5,083,865 €	-4.9%	5,347,200 €	201,644 €	2671.5%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	343,606	12.2%	306,366	-12.7%	350,843
- Personal charges	4,648,524	-5.7%	4,930,939	-0.4%	4,951,080
Gross operating surplus	596,492 €	488.7%	-153,440 €	-438.9%	45,277 €	26,141.50 €	2181.8%
	2.46 % CA	516.9%	-0.59 % CA	-468.8%	0.16 % CA	3.60 % CA	-31.7%

Gross operating surplus	596,492 €	488.7%	-153,440 €	-438.9%	45,277 €	26,141.50 €	2181.8%
+ Release of reserves and provisions	302,685	-65.8%	884,991	375.5%	186,125
+ Other operating income	1,561	-47.0%	2,945	-94.6%	54,954
- Depreciation/Amortisation	758,490	-16.9%	912,526	-58.3%	2,190,183
- Other charges	294,451	14.6%	256,890	623.5%	35,509
Operating result	-152,203 €	65.0%	-434,920 €	77.6%	-1,939,336 €	16,304 €	-1033.5%
	-0.63 % CA	62.5%	-1.68 % CA	74.9%	-6.70 % CA	2.39 % CA	-126.4%

Operating result	-152,203 €	65.0%	-434,920 €	77.6%	-1,939,336 €	16,304 €	-1033.5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	74,424	41.5%	52,599	1094.9%	4,402
- Financial charges	314,913	12.4%	280,076	-18.6%	343,883
Pre-tax result	-392,692 €	40.7%	-662,397 €	70.9%	-2,278,817 €	15,871.50 €	-2574.2%
	-1.62 % CA	36.5%	-2.55 % CA	67.6%	-7.87 % CA	2.17 % CA	-174.7%

Extraordinary income	1,985,371	7102.0%	27,567	-98.5%	1,800,829	567	350053.6%
- Extraordinary charges	555,562	1011.1%	50,000	8.0%	46,289
Extraordinary result	1,429,809 €	6473.7%	-22,433 €	-101.3%	1,754,540 €	0 €	0%
	5.89 % CA	6644.4%	-0.09 % CA	-101.5%	6 % CA	0 % CA	0%

Pre-tax result	-392,692 €	40.7%	-662,397 €	70.9%	-2,278,817 €	15,871.50 €	-2574.2%
Extraordinary result	1,429,809 €	6473.7%	-22,433 €	-101.3%	1,754,540 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	0	0%	27,567	0%	0
Net result	1,037,117 €	245.6%	-712,397 €	-35.9%	-524,277 €	14,882.50 €	6868.7%
	4.27 % CA	255.8%	-2.74 % CA	-51.4%	-1.81 % CA	1.77 % CA	141.2%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	15/02/2008
Status of Monitoring	No social security and tax office preferential right to date

Social security, pension funds preferential rights

Number of preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

9128128

20/09/2006

25/02/2009

73,996 EUR

-

Reason for closure	Crossed Off
Court	Melun
Debtor	LEDA SA GASSEAU ZONE ARTISANALE DU BOIS 77210 SAMOREAU, SAMOREAU

9155169

23/02/2010

09/05/2011

IRICASA

38,983 EUR

-

Reason for closure	Crossed Off
Court	Melun
Creditor	IRICASA
Debtor	LEDA SA GASSEAU ZONE ARTISANALE DU BOIS 77210 SAMOREAU, SAMOREAU
Pledges
Title of the act and date	BORDEREAU INSCRIPTION SECURITE SOCIALE en date du 20100220
Choice of residence for the oppositions	IRICASA6 RUE EMILE REYNAUD75019 PARIS

9155561

19/03/2010

09/05/2011

CAISSE INTERPROF. PARITAIRE DESSALARIES

22,993 EUR

-

Reason for closure	Crossed Off
Court	Melun
Creditor	CAISSE INTERPROF. PARITAIRE DESSALARIES
Debtor	LEDA SA GASSEAU ZONE ARTISANALE DU BOIS 77210 SAMOREAU, SAMOREAU
Pledges
Title of the act and date	BORDEREAU INSCRIPTION SECURITE SOCIALE en date du 20100218

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
23/02/2014	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 1869 - 300 345 196 RCS Melun. LEDA. Forme : Société par actions simplifiée à associé unique. Administration : Commissaire aux comptes titulaire : KPMG SA Commissaire aux comptes suppléant : SCP JEAN CLAUDE ANDRE ET AUTRES Président : FRYCIE Slawomir en fonction le 09 Novembre 2012 Directeur général : DZIAK Robert en fonction le 13 Février 2014. Activité : . Commentaires : Modification de représentant.
24/01/2014	JAL	Appointment of the social representative
Horizons/Edition de Seine et Marne Date de décision : 09/12/2013 Société faisant l'objet d'une nomination : 300345196 - LEDA, LE BOIS GASSEAU, ZA BOIS GASSEAU, BP 4, 77210 SAMOREAU Nominé : Monsieur Robert DZIAK, 52-223 WROCLAW En la fonction de : Directeur général
27/07/2013	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 9917 - 300345196 RCS. LEDA. Forme : Société par actions simplifiée. Adresse : Zone d'Activités du Bois Gasseau 77210 Samoreau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
18/11/2012	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 980 - 300 345 196 RCS Melun. LEDA. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire : KPMG SA Commissaire aux comptes suppléant : SCP JEAN CLAUDE ANDRE ET AUTRES Président : FRYCIE Slawomir en fonction le 09 Novembre 2012. Capital : 949672 EUR. Activité : . Commentaires : Modification du capital. Modification de représentant.
14/10/2012	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 1346 - 300 345 196 RCS Melun. LEDA. Forme : Société par actions simplifiée. Capital : 2189475 EUR. Activité : . Commentaires : Modification du capital.
12/10/2012	JAL	Appointment of the social representative
Pays Briard (Le) Date de décision : 09/10/2012 Société faisant l'objet d'une nomination : 300345196 - LEDA, LE BOIS GASSEAU, ZA BOIS GASSEAU, BP 4, 77210 SAMOREAU Nominé : Monsieur Slawomir FRYCIE, 203-077 WARSAW En la fonction de : Président
12/10/2012	JAL	Modification of the share capital
Pays Briard (Le) Date de décision : 09/10/2012 La société : 300345196 - LEDA, LE BOIS GASSEAU, ZA BOIS GASSEAU, BP 4, 77210 SAMOREAU a subi une diminution de son capital social désormais de 949 672 € Date d'effet : 09/10/2012
12/10/2012	JAL	Resignation / Revocation of the social representative
Pays Briard (Le) Date de décision : 09/10/2012 La société 300345196 - LEDA, LE BOIS GASSEAU, ZA BOIS GASSEAU, BP 4, 77210 SAMOREAU Fait l'objet du départ de Monsieur Marc Antoine MULLER
10/09/2012	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 11718 - 300345196 RCS. LEDA. Forme : Société par actions simplifiée. Adresse : Zone d'Activités du Bois Gasseau 77210 Samoreau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
03/08/2012	JAL	Modification of the share capital
Pays Briard (Le) Date de décision : 24/07/2012 La société : 300345196 - LEDA, LE BOIS GASSEAU, ZA BOIS GASSEAU, BP 4, 77210 SAMOREAU a subi une diminution de son capital social désormais de 2 189 475 € Date d'effet : 24/07/2012
05/03/2012	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 12907 - 300345196 RCS. LEDA. Forme : Société par actions simplifiée. Adresse : Zone d'Activites du Bois Gasseau 77210 Samoreau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
02/05/2011	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 10850 - 300345196 RCS. LEDA. Forme : Société par actions simplifiée. Adresse : Zone d'Activites du Bois Gasseau 77210 Samoreau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
02/05/2011	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 10852 - 300345196 RCS. LEDA. Forme : Société par actions simplifiée. Adresse : Zone d'Activites du Bois Gasseau 77210 Samoreau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
02/05/2011	Bodacc C	Comptes annuels et rapports
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 10851 - 300345196 RCS. LEDA. Forme : Société par actions simplifiée. Adresse : Zone d'Activites du Bois Gasseau 77210 Samoreau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
13/03/2011	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 1845 - 300 345 196 RCS Melun. LEDA. Forme : Société par actions simplifiée. Administration : Président de la société : MULLER Marc Antoine Commissaire aux comptes titulaire : KPMG SA Commissaire aux comptes suppléant : SCP JEAN CLAUDE ANDRE ET AUTRES. Capital : 5128228.80 EUR. Activité : Conception, création, promotion, diffusion et fabrication de tous objets pour l'équipement de la maison et les loisirs conception, création, promotion, diffusion et fabrication de tous objets pour l'équipement de la maison et les loisirs. Adresse de l’établissement principal : Zone d'Activites du Bois, Gasseau, 77210 Samoreau. Adresse du siège social : Zone d'Activites du Bois, Gasseau, 77210 Samoreau. Commentaires : Augmentation de capital. Date d’effet : 20/12/2010.
28/12/2010	JAL	Modification of the share capital
Pays Briard (Le) Date de décision : 10/12/2010 La société : 300345196 - LEDA, ZA BOIS GASSEAU, 77210 SAMOREAU a subi une augmentation de son capital social désormais de 5 128 229 € Date d'effet : 10/12/2010
19/12/2010	Bodacc B	Modification et mutation diverse
77 - SEINE-ET-MARNE GREFFE DU TRIBUNAL DE COMMERCE DE MELUN 2731 - 300 345 196 RCS Melun. LEDA. Forme : Société par actions simplifiée. Administration : Président de la société : MULLER Marc Antoine Directeur général : MULLER MARC-ANTOINE Commissaire aux comptes titulaire : KPMG SA Commissaire aux comptes suppléant : SCP JEAN CLAUDE ANDRE ET AUTRES. Capital : 765000 EUR. Activité : Conception, création, promotion, diffusion et fabrication de tous objets pour l'équipement de la maison et les loisirs conception, création, promotion, diffusion et fabrication de tous objets pour l'équipement de la maison et les loisirs. Adresse de l’établissement principal : Zone d'Activites du Bois, Gasseau, 77210 Samoreau. Adresse du siège social : Zone d'Activites du Bois, Gasseau, 77210 Samoreau. Commentaires : Changement de président. Date d’effet : 02/11/2010.
19/12/2006	Bodacc B	Modifications et mutations diverses
1760 - RCS Montereau B 300 345 196. RC 74-B 7. LEDA. Forme : S.A.S. Nom commercial : Leda Panda Koralle. Adresse du siège social : zone d'activités du Bois-Gasseau,, 77210 Commentaires : modification survenue sur l'administration. Administration : président : CONROY (Jean-Nicolas) (Nom d'usage : CONROY). Directeur général : MULLER (Marc-Antoine) (Nom d'usage : MULLER). Commissaire aux comptes titulaire : K.P.M.G. S.A. Commissaire aux comptes suppléant : S.C.P. JEAN-CLAUDE ANDRE ET AUTRES. Date d'effet : 29 juin 2006.
26/03/2006	Bodacc B	Modifications et mutations diverses
2739 - RCS Montereau B 300 345 196. RC 74-B 7. LEDA. Forme : S.A.S. Nom commercial : Leda Panda Koralle. Adresse du siège social : zone d'activités du Bois-Gasseau,, 77210 Commentaires : modification survenue sur l'administration. Administration : président : CONROY (Jean-Nicolas) (Nom d'usage : CONROY). Directeur général : MULLER (Marc-Antoine) (Nom d'usage : MULLER). Commissaire aux comptes titulaire : K.P.M.G. S.A. Commissaire aux comptes suppléant : RIVIERE (Gérard) (Nom d'usage : RIVIERE). Date d'effet : 16 novembre 2005.
08/12/2005	Bodacc B	Modifications et mutations diverses
3057 - RCS Montereau B 300 345 196. RC 74-B 7. LEDA. Forme : S.A.S. Nom commercial : Leda Panda Koralle. Adresse du siège social : zone d'activités du Bois-Gasseau,, 77210 Commentaires : modification survenue sur l'administration. Administration : président : CONROY (Jean-Nicolas) (Nom d'usage : CONROY). Directeurs généraux : CAILLAUD (Dominique) (Nom d'usage : CAILLAUD) COROUGE (Daniel) (Nom d'usage : COROUGE) MULLER (Marc-Antoine) (Nom d'usage : MULLER). Commissaire aux comptes titulaire : K.P.M.G. S.A. Commissaire aux comptes suppléant : RIVIERE (Gérard) (Nom d'usage : RIVIERE). Date d'effet : 27 septembre 2005.
23/10/2005	Bodacc B	Modifications et mutations diverses
1670 - RCS Montereau B 300 345 196. RC 74-B 7. LEDA. Forme : S.A.S. Nom commercial : Leda Panda Koralle. Adresse du siège social : zone d'activités du Bois-Gasseau,, 77210 Commentaires : modification survenue sur l'administration. Administration : président : CONROY (Jean-Nicolas) (Nom d'usage : CONROY). Directeur général : CAILLAUD (Dominique) (Nom d'usage : CAILLAUD). Commissaire aux comptes titulaire : K.P.M.G. S.A. Commissaire aux comptes suppléant : RIVIERE (Gérard) (Nom d'usage : RIVIERE). Date d'effet : 1er septembre 2005.
09/02/2005	Bodacc B	Modifications et mutations diverses
1501 - RCS Montereau B 300 345 196. RC 74-B 7. LEDA. Forme : S.A.S. Nom commercial : Leda Panda Koralle. Adresse du siège social : zone d'activités du Bois Gasseau,, 77210 Commentaires : modification survenue sur l'administration. Administration : président : CARRADO (Giovannetti) (Nom d'usage : CARRADO). Directeur général : CAILLAUD (Dominique) (Nom d'usage : CAILLAUD). Commissaire aux comptes titulaire : K.P.M.G. S.A. Commissaire aux comptes suppléant : RIVIERE (Gérard) (Nom d'usage : RIVIERE). Date d'effet : 31 décembre 2004.
13/07/2004	Bodacc A	Création d'établissement
RCS Montereau B 300345196 SOCIETE LEDA. Forme : S.A.S. Capital : 765 000 euros. Adresse du siège social : zone d' activité du Bois Gasseau, Samoreau 77210 Avon Etablissement principal: Activité : distribution de cabines de douches commercialisées sous les marques > Albatros < et > Revita <, plus communément appelée > Activité Domino <. Adresse : 30 route de Courtiras, 41100 Vendome Branche d'activité consistant en une unité opérationnelle indépendante, dépendant de l' établissement principal, acquise par achat au prix stipulé de 100 000 euros. Date d'effet : 1 e r avril 2003. Précédent propriétaire : exploitant SOCIETE POLYROC. RCS Blois B 597220334 Publication légale: La Renaissance du Loir-et-Cher du 28 mai 2004. Oppositions : M e Gendre (Michel), 24 avenue Maunoury, 41000 Blois et au fonds pour la correspondance.
25/04/2004	Bodacc B	Modifications et mutations diverses
RCS Montereau B 300345196 RC 74-B 7 LEDA. Forme : S.A.S Nom commercial: Leda Panda Koralle. Adresse du siège social : Z.A. du Bois Gasseau, Samoreau, 77210 Avon. Commentaires : modification survenue sur l'administration. Administration : président : CONROY ( Jean-Nicolas) ( Nom d'usage : CONROY). Commissaire aux comptes titulaire : K.P. M.G. S.A. Commissaire aux comptes suppléant : RIVIERE (Gérard) ( Nom d' usage : RIVIERE). Date d'effet : 9 février 2004.
11/01/2002	Bodacc B	Modifications et mutations diverses
RCS Montereau B 300345196 RC 74-B 7 LEDA. Forme : S.A.S. Capital : 765 000 euros Nom commercial: Leda Panda Koralle. Adresse du siège social : Z.A. du Bois Gasseau, Samoreau, 77210 Avon. Commentaires : modification survenue sur le capital (augmentation et conversion en euros). Date d'effet : 29 juin 2001.
20/05/2001	Bodacc B	Modifications et mutations diverses
RCS Montereau B 300345196 RC 74-B 7 LEDA. Forme : S.A.S. Capital : 5 000 000 de F Nom commercial: Leda Panda Koralle. Adresse du siège social : Z.A. du Bois Gasseau, Samoreau, 77210 Avon. Commentaires : modification survenue sur l'administration. Administration : président : RIOU (Yvon) ( Nom d'usage : RIOU). Commissaire aux comptes titulaire : K.P.M.G. S.A. Commissaire aux comptes suppléant : RIVIERE (Gérard) ( Nom d'usage : RIVIERE). Date d'effet : 19 septembre 2000.
15/04/2001	Bodacc B	Modifications et mutations diverses
RCS Montereau B 300345196 RC 74-B 7 LEDA. Forme : S.A.S. Capital : 5 000 000 de F Nom commercial: Leda Panda Koralle. Adresse du siège social : Z.A. du Bois- Gasseau, Samoreau, 77210 Avon. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : président du directoire CAILLAUD (Dominique) ( Nom d'usage : CAILLAUD). Membres du conseil de surveillance : MARELLE (Guy) ( Nom d' usage : MARELLE) DELESALLE (Lucien) ( Nom d'usage : DELESALLE) CONROY ( Jean, Nicolas) ( Nom d'usage : CONROY). Commissaire aux comptes titulaire : K.P. M.G. S.A. Commissaire aux comptes suppléant : RIVIERE (Gérard) ( Nom d' usage : RIVIERE). Membres du directoire : TARRIEU (Jean, Paul) ( Nom d'usage : TARRIEU) SAINT-GERMAIN ( Jean, Louis) ( Nom d'usage : SAINT- GERMAIN). Président du conseil de surveillance : RIOU (Yvon) ( Nom d' usage : RIOU). Date d'effet : 19 septembre 2000.
09/08/2000	Bodacc B	Modifications et mutations diverses
RCS Montereau B 300345196 RC 74-B 7 LEDA. Forme : S.A. Capital : 5 000 000 de F Nom commercial: Léda Panda Koralle. Adresse du siège social : Z.A. du-Bois- Gasseau, Samoreau, 77210 Avon. Commentaires : modification survenue sur l'administration. Administration : président du directoire : CAILLAUD ( Dominique) ( Nom d'usage : CAILLAUD). Membres du conseil de surveillance : MARELLE (Guy) ( Nom d'usage : MARELLE) DELESALLE (Lucien) ( Nom d'usage : DELESALLE) CONROY (Jean, Nicolas) ( Nom d'usage : CONROY). Commissaire aux comptes titulaire : ERNST ET YOUNG. Commissaire aux comptes suppléant : COLINEAU (Christian) ( Nom d'usage : COLINEAU). Membres du directoire : TARRIEU (Jean, Paul) ( Nom d'usage : TARRIEU) SAINT-GERMAIN (Jean, Louis) ( Nom d'usage : SAINT-GERMAIN). Président du conseil de surveillance : RIOU (Yvon) ( Nom d'usage : RIOU). Date d'effet : 27 décembre 1999.
25/11/1998	Bodacc B	Modifications et mutations diverses
RCS Montereau B 300 345 196 RC 74-B 7 LEDA. Forme : S.A. Capital : 5 000 000 F ( fixe) Nom commercial: Leda, Panda, Koralle. Adresse du siège social : zone d' activités du Bois-Gasseau, Samoreau 77210 Avon. Administration : ancien président du conseil de surveillance : M. MERLOO nouveau président du conseil de surveillance : M. VENINGA, membre du conseil de surveillance. Date d'effet : 5 février 1998.
03/04/1998	Bodacc B	Modifications et mutations diverses
RCS *. RCS Montereau B 300 345 196 RC RC 74-B 7 LEDA. Forme : S.A Nom commercial: Leda, Panda, Koralle. Administration : suppression : président du conseil de surveillance : METZ (Rudolf). Nomination en qualité de président et membre du conseil de surveillance : MERLOO (Hans) Nomination en qualité de vice-président du conseil de surveillance : VENIGA (Meint). Suppression : membres du conseil de surveillance : GUSTAVSBERG INTERNATIONAL B.V. VISSER (Théodorus) . Nomination en qualité de membre du conseil de surveillance : SOCIETE CIVILE PARTICULIERE MURENA. Commentaires : modification survenue sur l' administration.
18/07/1997	Bodacc B	Modifications et mutations diverses
RCS Montereau B 300 345 196 RC 74-B 7 LEDA. Forme : S.A. Capital : 5 000 000 de F (fixe). Adresse du siège social : zone d'activité du Bois Gasseau, Samoreau 77210 Avon. Administration : anciens membres du conseil de surveillance : DE LEDA BENELUX SA, GUSTAVBERG INTERNATIONAl GMBH, BEKON KORALLE, KORALLE SANITAR PRODDUKTE. Date d'effet : 7 juin 1994.
17/04/1996	Bodacc B	Modifications et mutations diverses
RCS Montereau b 300345196 RC 74-b 7 leda Nom commercial: Leda, Panda, Koralle. Forme : S.A. Capital : 5 000 000 ( fixe). Adresse du siège social : zone d' activité du Bois-Gasseau, 77210 Samoreau. Administration : nomination, en qualité de président du conseil de surveillance, de METZ (Gunther), en remplacement de VISSER (Théodorus), démissionnaire non renouvellement du mandat de membre du conseil de la société A.B. GUSTAVBERG. Date d'effet : 29 septembre 1995.
18/07/1995	Bodacc B	Modifications et mutations diverses
RCS Montereau B 300 345 196 RC 74-B 7 LEDA. Forme : S.A. Capital : 5 000 000 de F (fixe). Adresse du siège social : zone d'activités du Bois-Gasseau, Samoreau 77210 Avon. Administration : ancien commissaire aux comptes titulaire : K.P. M.G. AUDIT, démissionnaire nouveau commissaire aux comptes titulaire : ERNST ET YOUNG ancien commissaire aux comptes suppléant : RIVIERE (Gérard), démissionnaire nouveau commissaire aux comptes suppléant : COLINEAU ( Christian) à compter du:29 septembre 1994 Ancien président du conseil de surveillance : SEVERIN (Eric), démissionnaire nouveau président du conseil de surveillance : VISSER ( Cornélius) nomination en qualité de membre du conseil de surveillance de M. VAN DER KOLK. Date d'effet : 30 septembre 1994.

Company events history

Date	Description
23/02/2014	Bodacc B: Various editing or changing
13/02/2014	Amendment
13/02/2014	Changes to the Board of Directors
09/12/2013	Legal Gazette: Appointment of the social representative
20/10/2013	Update Rating
20/10/2013	Update Limit
14/10/2013	Update Rating
14/10/2013	Update Limit
27/07/2013	Bodacc C : Deposit accounts notice
18/07/2013	Update Limit
18/07/2013	Update Rating
10/07/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
18/11/2012	Bodacc B: Various editing or changing
09/11/2012	Updated articles of association
09/11/2012	Capital reduction
09/11/2012	New chairman (CEO, CoB)
09/11/2012	Amendment
14/10/2012	Bodacc B: Various editing or changing
13/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
12/10/2012	Legal Gazette: Resignation / Revocation of the social representative
09/10/2012	Legal Gazette: Appointment of the social representative
09/10/2012	Legal Gazette: Modification of the share capital
04/10/2012	Amendment
04/10/2012	Updated articles of association
04/10/2012	Capital reduction
10/09/2012	Bodacc C : Deposit accounts notice
27/08/2012	Other modification of Establishment
30/07/2012	Amendment
30/07/2012	Capital reduction
24/07/2012	Legal Gazette: Modification of the share capital
05/03/2012	Bodacc C : Deposit accounts notice
01/03/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	New accounts available
02/05/2011	Bodacc C : Deposit accounts notice
16/04/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
13/03/2011	Bodacc B: Various editing or changing
28/02/2011	Amendment
28/02/2011	Acte modificatif
28/02/2011	Rapport des Commissaires ou du Gérant
28/02/2011	Updated articles of association
28/02/2011	Audit or Management Report
28/02/2011	Statuts mis à jour
28/02/2011	Reconstitution of net assets
28/02/2011	Reconstitution de l'Actif Net
28/02/2011	Capital increase
28/02/2011	Augmentation de Capital
31/12/2010	New accounts available
20/12/2010	Other modification of Establishment
19/12/2010	Bodacc B: Various editing or changing
10/12/2010	Legal Gazette: Modification of the share capital
07/12/2010	Modification to Establishment Address or Identifier
03/12/2010	Changement de Président (PDG, PCA)
03/12/2010	Amendment
03/12/2010	Acte modificatif
03/12/2010	New chairman (CEO, CoB)
19/03/2010	New Filling of Social Security preferential right
19/03/2010	Unfiling of a Social Security preferential right
23/02/2010	Unfiling of a Social Security preferential right
23/02/2010	New Filling of Social Security preferential right
22/02/2010	Disengagement in other companies
31/12/2009	New accounts available
13/08/2009	Continuation of business despite loss of equity
13/08/2009	PV d'Assemblée
13/08/2009	Minutes of general meeting of shareholders
13/08/2009	Continuation malgré perte supérieure à la moitié du capital
25/02/2009	Preferential right lapsed
31/12/2008	New accounts available
15/02/2008	Collection of preferential rights activated for this company
31/12/2007	New accounts available
24/11/2006	Private document
24/11/2006	Appointment/resignation of company officers
24/11/2006	Minutes of general meeting of shareholders
24/11/2006	New auditor
23/11/2006	PV d'Assemblée
23/11/2006	Changement de Commissaire aux Comptes
20/09/2006	Unfiling of a Social Security preferential right
14/02/2006	Private document
14/02/2006	Acte modificatif
14/02/2006	Appointment/resignation of company officers
14/02/2006	Minutes of general meeting of shareholders
03/11/2005	Appointment/resignation of company officers
03/11/2005	Updated articles of association
03/11/2005	Acte modificatif
03/11/2005	Private document
03/11/2005	Minutes of general meeting of shareholders
03/11/2005	PV d'Assemblée
03/11/2005	Statuts mis à jour
03/11/2005	Acte sous seing privé
03/11/2005	Nomination/démission des organes de gestion
28/09/2005	Acte modificatif
28/09/2005	Private document
28/09/2005	PV d'Assemblée
28/09/2005	Minutes of general meeting of shareholders
28/09/2005	Nomination/démission des organes de gestion
28/09/2005	Appointment/resignation of company officers
28/09/2005	Acte sous seing privé
11/01/2005	Acte sous seing privé
11/01/2005	Minutes of general meeting of shareholders
11/01/2005	PV d'Assemblée
11/01/2005	Acte modificatif
11/01/2005	Private document
11/01/2005	Appointment/resignation of company officers
11/01/2005	Nomination/démission des organes de gestion
02/03/2004	PV d'Assemblée
02/03/2004	Acte sous seing privé
02/03/2004	Acte modificatif
02/03/2004	Nomination/démission des organes de gestion
24/07/2002	Acte modificatif
24/07/2002	PV d'Assemblée
24/07/2002	Acte sous seing privé
24/07/2002	Statuts mis à jour
03/12/2001	Statuts mis à jour
03/12/2001	Augmentation de Capital
03/12/2001	Rapport des Commissaires ou du Gérant
03/12/2001	Acte modificatif
03/12/2001	Conversion du Capital Social en Euros
03/12/2001	PV d'Assemblée
03/12/2001	Acte sous seing privé
15/03/2001	PV d'Assemblée
15/03/2001	Nomination/démission des organes de gestion
15/03/2001	Changement de Commissaire aux Comptes
15/03/2001	Statuts mis à jour
15/03/2001	Acte sous seing privé
15/03/2001	Changement de date de clôture
15/03/2001	Changement de Forme Juridique sans changement de catégorie
15/03/2001	Conversion du Capital Social en Euros
15/03/2001	Acte modificatif
15/03/2001	Rapport des Commissaires ou du Gérant
01/01/2001	Modification to Company Identifier
01/01/2001	Update of Company Legal Form
01/01/2001	Update of Company Workforce
18/07/2000	Nomination/démission des organes de gestion
18/07/2000	PV d'Assemblée
18/07/2000	Acte modificatif
18/07/2000	Changement de date de clôture
18/07/2000	Acte sous seing privé
18/07/2000	Modification du Conseil d'Administration
16/07/1998	PV d'Assemblée
16/07/1998	Acte sous seing privé
16/07/1998	Nomination/démission des organes de gestion
16/07/1998	Acte modificatif
18/03/1998	Acte modificatif
18/03/1998	Modification du Conseil d'Administration
18/03/1998	Acte sous seing privé
18/03/1998	Nomination/démission des organes de gestion
18/03/1998	PV d'Assemblée
06/01/1997	Acte modificatif
06/01/1997	Modification du Conseil d'Administration
06/01/1997	Acte sous seing privé
06/01/1997	PV d'Assemblée
12/01/1996	PV du Conseil d'Administration
12/01/1996	PV d'Assemblée
12/01/1996	Acte modificatif
12/01/1996	Modification du Conseil d'Administration
10/01/1996	Statuts mis à jour
10/01/1996	PV d'Assemblée
10/01/1996	Transfert du Siège dans le ressort du Tribunal de Commerce
20/04/1995	PV d'Assemblée
20/04/1995	Changement de Commissaire aux Comptes
20/04/1995	Nomination/démission des organes de gestion
20/04/1995	Acte modificatif
20/04/1995	Modification du Conseil d'Administration
20/04/1995	Changement de Président (PDG, PCA)
20/04/1995	PV du Conseil d'Administration
09/09/1994	Acte modificatif
09/09/1994	Changement de date de clôture
09/09/1994	Statuts mis à jour
09/09/1994	PV d'Assemblée
29/07/1993	PV du Conseil d'Administration
29/07/1993	Nomination/démission des organes de gestion
29/07/1993	Modification du Conseil d'Administration
29/07/1993	Changement de Président (PDG, PCA)
29/07/1993	PV d'Assemblée
29/07/1993	Acte modificatif
18/01/1993	Nomination/démission des organes de gestion
18/01/1993	PV d'Assemblée
18/01/1993	Modification du Conseil d'Administration
18/01/1993	Acte modificatif
11/06/1992	PV du Conseil d'Administration
11/06/1992	Nomination/démission des organes de gestion
11/06/1992	Changement de Président (PDG, PCA)
11/06/1992	Modification du Conseil d'Administration
11/06/1992	Acte modificatif
11/06/1992	PV d'Assemblée

Establishment events history

Date	Description
25/12/2013	Update of phone numbers
10/07/2013	Update Limit
04/05/2013	Update Rating
14/11/2012	Update Rating
13/10/2012	Update Limit
13/10/2012	Update Rating
06/10/2012	Update Limit
07/09/2012	Update Rating
27/08/2012	Modification of Head office
01/03/2012	Update Rating
01/03/2012	Update Limit
31/03/2011	Update Limit
07/12/2010	Modification of Head office Identification
07/12/2010	Update of Establishment Address
04/09/2010	Update Limit
25/07/2010	Update Limit
24/02/2010	Update Rating
24/02/2010	Update Limit
29/12/2009	Update Rating
03/07/2008	Update Rating
11/12/2007	Update Limit
09/12/2007	Update Limit
2001	Modification of Head office

directors

Name	M. FRYCIE SLAWOMIR
Manager position	President	Date of birth	20/05/1959
Place of birth	WOLBORZ(POLOGNE)
Type	Individual	Name at birth

Name	M. DZIAK ROBERT
Manager position	Managing director	Date of birth	12/04/1973
Place of birth	WROCLAW(POLOGNE)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M JEAN-NICOLAS CONROY	9/6/1957 - PARIS
Managing director	MULLER MARC-ANTOINE	- - -
Managing director	M MARC-ANTOINE MULLER	2/21/1965 - STRASBOURG

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.79
UK Pound	1	Rs.102.42
Euro	1	Rs.81.32

INFORMATION DETAILS

Analysis Done by :	RAS
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.