MIRA INFORM REPORT

Report Date :

10.07.2014

IDENTIFICATION DETAILS

Name :	DES PETITS HAUTS
Registered Office :	84 Av De La Fosse Aux Chenes, 59100 Roubaix
Country :	France
Financials (as on) :	30.06.2011
Date of Incorporation :	February 1999
Com. Reg. No.:	RCS 0 422 390 989
Legal Form :	Simplified Joint Stock Company
Line of Business :	Engaged in Wholesaling, Retailing Clothes, Linen, Knitwear, Shirt, footwear, Sportswear, Fancy Jewelry, Leather Goods (Bags, Belts and shoes) as well as accessories for Men, Women and Children
No of Employees :	30 (30.06.2010)

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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

DES PETITS HAUTS

SIRET

422 390 989 00073

Address	DES PETITS HAUTS 84 AV DE LA FOSSE AUX CHENES 59100 ROUBAIX	EUR VAT Number	FR93422390989
		Legal form	Simplified joint stock company
Phone	08 00 81 58 60	RCS Registration	RCS 0 422 390 989
Share capital	50,000 Euros	Incorporated Date	04/1999
Nationality	France	Status	Economically active
Activity (APE)	Engaged in Wholesaling, Retailing Clothes, Linen, Knitwear, Shirt, footwear, Sportswear, Fancy Jewelry, Leather Goods (Bags, Belts and shoes) as well as accessories for Men, Women and Children

Last published Judgment	22/11/2012
Last published preferential right	This company is not under monitoring
Collection of preferential rights for this company has been stopped by the Court

Ultimate Holding Company
Company Name	Company number
SOCIETE HARRIS WILSON TEXTILES SA	391014636

Current Directors

1

Trading to Date	06/30/2011	06/30/2010	06/30/2008
Turnover	11,625,092 €	10,300,718 €	6,317,593 €
Gross Operating Surplus	1.22 % Turnover	3.63 % Turnover	8.57 % Turnover
Shareholders’ equity	1,382,174 €	1,442,820 €	603,346 €
Net result	-60,646 €	38,552 €	262,398 €
Employees	30 (30.06.2010)	-	-

Trends
Profitability
Liquidity
Net worth

company details

Activity (APE)	Engaged in Wholesaling, Retailing Clothes, Linen, Knitwear, Shirt, footwear, Sportswear, Fancy Jewelry, Leather Goods (Bags, Belts and shoes) as well as accessories for Men, Women and Children
RCS Registration	RCS 0 422 390 989	Share capital	50,000 Euros
Registration Court	(59)	Legal form	Simplified joint stock company
Court Registry Number	20 0 6B20957	EUR VAT Number	FR93422390989
Incorporation Date	04/1999	Formation Date	02/1999
Deregistration Date		Last account Date	30/06/2011
Nationality	France

Ultimate Parent

1 ultimate parent company for this company > SOCIETE HARRIS WILSON TEXTILES - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in ROUBAIX (59100)

Establishment details

Postal Address	DES PETITS HAUTS 84 AV DE LA FOSSE AUX CHENES 59100 ROUBAIX	Trading Address	84 AVENUE DE LA FOSSE AUX CHENES 59100 ROUBAIX
Telephone	08 00 81 58 60
Activity (APE)	Engaged in Wholesaling, Retailing Clothes, Linen, Knitwear, Shirt, footwear, Sportswear, Fancy Jewelry, Leather Goods (Bags, Belts and shoes) as well as accessories for Men, Women and Children

Type	Secondary establishment	Status	Economically active
Formation Date	07/2006	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Nord (59)	Region	Nord-Pas-de-Calais
District	5	Area	95
City	ROUBAIX	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	7 branch entities in this company
Head office	> DES PETITS HAUTS <<< - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in ROUBAIX (59100)
Secondary establishments	> DES PETITS HAUTS - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in L' ILE SAINT DENIS (93450) > DES PETITS HAUTS - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in PARIS 11 (75011) > DES PETITS HAUTS - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in PARIS 11 (75011) > DES PETITS HAUTS - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z) in PARIS 4 (75004) > ...

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

Workforces

Company workforce

30 (30.06.2010)

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/06/2011	30/06/2010	30/06/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	20/04/2012	05/02/2011	-
Activity Code	4642Z	4642Z	4642Z
Employees	0	30	30

Active account

Annual Accounts	30/06/2011		30/06/2010		30/06/2008	Sector Median2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	329,287	-5.0%	346,719	40.8%	246,314	41,078	701.6%
- Intangible assets	203,468	-1.0%	205,489	101.5%	101,964	5,464	3623.8%
- Tangible assets	73,831	-17.8%	89,806	-13.4%	103,749	5,112	1344.3%
- Financial assets	51,988	1.1%	51,424	26.7%	40,601	5,436	856.4%
Net current assets	6,039,367	10.8%	5,449,188	84.8%	2,949,475	209,208	2786.8%
- Stocks	3,073,780	34.4%	2,286,464	104.9%	1,115,970	52,367	5769.7%
- Advanced payments	141,907	10.8%	295,294	0%	0	0	0%
- Receivables	2,676,380	-0.3%	2,683,471	68.8%	1,590,069	61,749	4234.3%
- Securities and cash	147,297	-19.9%	183,959	-24.4%	243,436	31,646	365.5%
- Prepaid expenses	-	-	-	-	-	45	-
Accounts of regularization	5,406	0%	0	0%	0	0	0%
Total Assets	6,374,061	10.0%	5,795,908	81.4%	3,195,793	291,314	2088.0%

Passive Account

Annual Accounts	30/06/2011		30/06/2010		30/06/2008	Sector Median2011
Shareholders' equity	1,382,174	-4.2%	1,442,820	139.1%	603,346	57,365	2309.4%
Share capital	50,000	0%	50,000	0%	50,000	8,000	525.0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	50,406	12.0%	45,000	136.8%	19,000	0	0%
Liabilities	4,940,278	14.7%	4,308,087	67.4%	2,573,445	198,860	2384.3%
- Financial liabilities	1,572,191	36.3%	1,153,141	10.5%	1,043,767	16,171	9622.3%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	2,726,235	4.0%	2,620,924	129.5%	1,141,997	67,308	3950.4%
- Tax and social liabilities	358,123	7.5%	332,999	58.3%	210,339	46,668	667.4%
- Other debts and fixed assets liabilities	284,929	41.7%	201,021	13.4%	177,342	8,220	3366.3%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	6,374,060	10.0%	5,795,908	81.4%	3,195,793	289,522	2101.6%

Results

Annual Accounts	30/06/2011		30/06/2010		30/06/2008	Sector Median2011
Sales of Goods	11,273,947	4.2%	10,815,443	63.0%	6,636,231	439,558	2464.8%
Net turnover	11,625,092	12.9%	10,300,718	63.0%	6,317,593	432,742	2586.4%
- of which net export turnover	1,989,143	-6.9%	2,135,965	30.4%	1,637,865	1,371	144987.0%
Operating charges	11,261,812	3.9%	10,834,802	76.4%	6,142,578	438,296	2469.5%
Operating profit/loss	12,135	162.7%	-19,359	-103.9%	493,655	7,556	60.6%
Financial income	56,779	148.1%	22,888	23.0%	18,615	0	0%
Financial charges	203,231	0.7%	201,915	32.4%	152,506	684	29612.1%
Financial profit/loss	-146,452	18.2%	-179,027	-33.7%	-133,889	-75	-195169.3%
Pretax net operating income	-134,317	32.3%	-198,386	-155.1%	359,766	6,529	-2157.2%
Extraordinary income	14,818	18.5%	12,509	-9.2%	13,783	0	0%
Extraordinary charges	42,682	25.0%	34,135	522.4%	5,484	180	23612.2%
Extraordinary profit/loss	-27,864	-28.8%	-21,626	-360.6%	8,299	0	0%
Net result	-60,646	-257.3%	38,552	-85.3%	262,398	6,369	-1052.2%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/06/2011	30/06/2010	30/06/2008
Months	12	12	12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			30/06/2011		30/06/2010		30/06/2008
	Grand Total (I to VI)	Net	6,374,061	10.0%	5,795,908	81.4%	3,195,793
	Gross	CO	7,125,527	11.1%	6,410,795	89.8%	3,377,887
	Amortisation	1A	751,466	22.2%	614,887	237.7%	182,098

Non declared distributed capital (I)

		30/06/2011		30/06/2010		30/06/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

			30/06/2011		30/06/2010		30/06/2008
	Total Active fixed asset (II)	Net	329,287	-5.0%	346,719	40.8%	246,314
	Gross	BJ	518,502	3.3%	501,776	33.6%	375,597
	Amortisation	BK	189,215	22.0%	155,057	19.9%	129,283

Intangible fixed assets

			30/06/2011		30/06/2010		30/06/2008
	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	8,468	-19.3%	10,489	50.6%	6,964
	Gross	AF	39,397	10.2%	35,744	56.6%	22,826
	Amortisation	AG	30,929	22.5%	25,255	59.2%	15,862
	Goodwill	Net	195,000	0%	195,000	105.3%	95,000
	Gross	AH	195,000	0%	195,000	105.3%	95,000
	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	203,468	-1.0%	205,489	101.5%	101,964

Tangible fixed assets

			30/06/2011		30/06/2010		30/06/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	189	-55.9%	429	-79.0%	2,041
	Gross	AR	9,490	0%	9,490	0%	9,490
	Amortisation	AS	9,301	2.6%	9,061	21.6%	7,449
	Other tangible fixed assets	Net	73,642	-17.6%	89,377	-12.1%	101,708
	Gross	AT	222,627	6.0%	210,118	1.2%	207,680
	Amortisation	AU	148,985	23.4%	120,741	13.9%	105,972
	Fixed assets in construction	Net	0	0%	0	0%	0
	Gross	AV	0	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	73,831		89,806		103,749

Financial assets

			30/06/2011		30/06/2010		30/06/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	51,988	1.1%	51,424	26.7%	40,601
	Gross	BH	51,988	1.1%	51,424	26.7%	40,601
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		51,988		51,424		40,601

Current Assets (III)

			30/06/2011		30/06/2010		30/06/2008
	Total Assets	Net	6,039,367	10.8%	5,449,188	84.8%	2,949,475
	Gross	CJ	6,601,616	11.7%	5,909,015	96.8%	3,002,290
	Amortisation	CK	562,249	22.3%	459,827	770.6%	52,815

Stocks

			30/06/2011		30/06/2010		30/06/2008
	Raw materials	Net	1,359,773	1042.0%	119,065	2.6%	116,077
	Gross	BL	1,359,773	1042.0%	119,065	2.6%	116,077
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	1,714,007	-20.9%	2,167,399	116.8%	999,893
	Gross	BR	2,066,411	-16.9%	2,487,554	148.8%	999,893
	Amortisation	BS	352,404	10.1%	320,155	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	3,073,780	34.4%	2,286,464	104.9%	1,115,970

Advance payments to suppliers

			30/06/2011		30/06/2010		30/06/2008
	Advance payments to suppliers	Net	141,907	-51.9%	295,294	0%	0
	Gross	BV	141,907	-51.9%	295,294	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			30/06/2011		30/06/2010		30/06/2008
	Trade accounts receivable	Net	1,651,023	2.0%	1,618,834	103.1%	796,914
	Gross	BX	1,860,868	5.8%	1,758,506	106.9%	849,729
	Amortisation	BY	209,845	50.2%	139,672	164.5%	52,815
	Other debtors	Net	612,139	27.0%	481,988	9.7%	439,534
	Gross	BZ	612,139	27.0%	481,988	9.7%	439,534
	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	2,263,162	7.7%	2,100,822	69.9%	1,236,448

Divers

			30/06/2011		30/06/2010		30/06/2008
	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	147,297	-19.9%	183,959	-24.4%	243,436
	Gross	CF	147,297	-19.9%	183,959	-24.4%	243,436
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	147,297	-19.9%	183,959	-24.4%	243,436

Prepaid expenses

			30/06/2011		30/06/2010		30/06/2008
	Prepaid expenses	Net	413,218	-29.1%	582,649	64.8%	353,621
	Gross	CH	413,218	-29.1%	582,649	64.8%	353,621
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/06/2011		30/06/2010		30/06/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Currency differential gain	CN3	5,406	0%	0	0%	0
Gross		5,406	0%	0	-	-

References

		30/06/2011		30/06/2010		30/06/2008
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)

		30/06/2011		30/06/2010		30/06/2008
Grand Total (I to V)	EE	6,374,060	10.0%	5,795,908	81.4%	3,195,793

Shareholder Equity (I)

			30/06/2011		30/06/2010		30/06/2008
	Total shareholders' equity (Total I)	DL	1,382,174	-4.2%	1,442,820	139.1%	603,346
	Equity and shareholders' equity	DA	50,000	0%	50,000	0%	50,000
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	5,000	0%	5,000	0%	5,000
	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	1,387,820	2.9%	1,349,268	371.9%	285,948
	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	-60,646	-257.3%	38,552	-85.3%	262,398
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			30/06/2011		30/06/2010		30/06/2008
	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)

			30/06/2011		30/06/2010		30/06/2008
	Total provisions for risks and charges (Total III)	DR	50,406	12.0%	45,000	136.8%	19,000
	Risk provisions	DP	50,406	12.0%	45,000	136.8%	19,000
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			30/06/2011		30/06/2010		30/06/2008
	Total Liabilities (Total IV)	EC	4,940,278	14.7%	4,308,087	67.4%	2,573,445
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	600,279	-20.3%	753,546	-4.3%	787,199
	Sundry loans and financial liabilities	DV	971,912	143.2%	399,595	55.7%	256,568
	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	2,726,235	4.0%	2,620,924	129.5%	1,141,997
	Tax and social security liabilities	DY	358,123	7.5%	332,999	58.3%	210,339
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	283,728	41.1%	201,021	13.4%	177,342

Translation loss (V)

		30/06/2011		30/06/2010		30/06/2008
Translation loss (Total V)	ED	1,201	0%	0	0%	0

Equalization accounts

		30/06/2011		30/06/2010		30/06/2008
Deferred income	EB	0	0%	0	0%	0

References

		30/06/2011		30/06/2010		30/06/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	4,940,278	14.7%	4,308,087	67.4%	2,573,446
Of which current bank facilities	EH	600,279	-20.3%	753,546	-4.3%	787,199

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)

		30/06/2011		30/06/2010		30/06/2008
Operating result (Total I-II)	GG	12,135	162.7%	-19,359	-103.9%	493,655

2 -Financial result(V - VI)

		30/06/2011		30/06/2010		30/06/2008
Financial result (Total V-VI)	GV	-146,452	18.2%	-179,027	-33.7%	-133,889

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

		30/06/2011		30/06/2010		30/06/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-134,317	32.3%	-198,386	-155.1%	359,766

4 -Extraordinary result(VII-VIII)

		30/06/2011		30/06/2010		30/06/2008
Extraordinary result (Total VII-VIII)	HI	-27,864	-28.8%	-21,626	-360.6%	8,299

Profit or loss

		30/06/2011		30/06/2010		30/06/2008
Profit or loss	HN	-60,646	-257.3%	38,552	-85.3%	262,398

Total Income (I+III+V+VII)

		30/06/2011		30/06/2010		30/06/2008
Total Income (I+III+V+VII)	HL	11,345,544	4.6%	10,850,840	62.7%	6,668,628

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

		30/06/2011		30/06/2010		30/06/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	11,406,189	5.5%	10,812,285	68.8%	6,406,235

Operating income(I)

		30/06/2011		30/06/2010		30/06/2008
Total operating income (Total I)	FR	11,273,947	4.2%	10,815,443	63.0%	6,636,231

Operating income (details)

			30/06/2011		30/06/2010		30/06/2008
	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	11,323,576	12.8%	10,041,610	61.3%	6,223,823
	France	FD	9,334,975	18.1%	7,906,114	72.4%	4,585,958
	Export	FE	1,988,601	-6.9%	2,135,496	30.4%	1,637,865
	Sale of services	FI	301,516	16.4%	259,108	176.3%	93,770
	France	FG	300,974	16.4%	258,639	175.8%	93,770
	Export	FH	542	15.6%	469	0%	0
	Net turnover	FL	11,625,092	12.9%	10,300,718	63.0%	6,317,593
	France	FJ	9,635,949	18.0%	8,164,753	74.5%	4,679,728
	Export	FK	1,989,143	-6.9%	2,135,965	30.4%	1,637,865
	Stocked production	FM	-421,142	-195.9%	439,328	55.4%	282,786
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	42,631	-41.1%	72,411	102.0%	35,847
	Other income	FQ	27,366	816.5%	2,986	59620.0%	05

Operating charges(II)

		30/06/2011		30/06/2010		30/06/2008
Total operating charges (Total II)	GF	11,261,812	3.9%	10,834,802	76.4%	6,142,578

Exploitation charges

		30/06/2011		30/06/2010		30/06/2008
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	6,344,509	24.0%	5,116,493	77.2%	2,887,204
Change in stocks of raw materials	FV	-1,240,708	-1576.6%	84,024	1935.0%	4,129
Other external purchases and charges	FW	4,260,061	24.0%	3,435,231	59.4%	2,155,724
Tax, duty and similar payments	FX	101,199	6.3%	95,182	159.5%	36,674
Payroll	FY	1,122,152	-3.7%	1,164,942	68.8%	690,101
Social security costs	FZ	475,029	1.0%	470,363	65.0%	285,113

Depreciation

		30/06/2011		30/06/2010		30/06/2008
Depreciation of fixed assets	GA	34,157	-8.3%	37,250	4.0%	35,820
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	138,797	-64.0%	385,877	1365.0%	26,340
Provisions for risks and charges	GD	0	0%	0	0%	19,000

Other charges

		30/06/2011		30/06/2010		30/06/2008
Other charges	GE	26,616	-41.4%	45,440	1740.4%	2,469

Operating charges (III-IV)

		30/06/2011		30/06/2010		30/06/2008
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)

			30/06/2011		30/06/2010		30/06/2008
	Total financial income (Total V)	GP	56,779	148.1%	22,888	23.0%	18,615
	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	3,839	-49.7%	7,638	719.5%	932
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	52,940	247.1%	15,250	-13.8%	17,683
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			30/06/2011		30/06/2010		30/06/2008
	Total financial charge (Total VI)	GU	203,231	0.7%	201,915	32.4%	152,506
	Financial reserves and provisions	GQ	5,406	0%	0	0%	0
	Interest and similar charges	GR	145,994	0.8%	144,833	38.1%	104,854
	Exchange losses	GS	51,831	-9.2%	57,082	19.8%	47,651
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			30/06/2011		30/06/2010		30/06/2008
	Total extraordinary income (Total VII)	HD	14,818	18.5%	12,509	-9.2%	13,783
	Extraordinary operating income	HA	0	0%	30	0%	0
	Extraordinary income from capital transactions	HB	14,818	74.8%	8,479	-38.5%	13,783
	Released provisions and transferred charges	HC	0	0%	4,000	0%	0

Extraordinary charges(VIII)

			30/06/2011		30/06/2010		30/06/2008
	Total extraordinary charges (Total VIII)	HH	42,682	25.0%	34,135	522.4%	5,484
	Extraordinary operating charges	HE	0	0%	299	14.1%	262
	Extraordinary charges from capital transactions	HF	42,682	210.3%	13,754	163.4%	5,222
	Extraordinary reserves and provisions	HG	0	0%	20,082	0%	0

Employee profit sharing(IX)

		30/06/2011		30/06/2010		30/06/2008
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits(X)

		30/06/2011		30/06/2010		30/06/2008
Tax on profits (Total X)	HK	-101,536	60.7%	-258,567	-344.7%	105,667

References

		30/06/2011		30/06/2010		30/06/2008
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	6,255	-84.2%	39,624	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	292	27.5%	229	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)

			30/06/2011		30/06/2010		30/06/2008
	Gross value at begin of period	OG	0	0%	0	0%	329,905
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	62,637
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	08	-100.0%	28,797	69.9%	16,947
	Gross value at the end of period	OL	518,503	3.3%	501,777	33.6%	375,597

Research and development Charge (Total I)

			30/06/2011		30/06/2010		30/06/2008
	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)

			30/06/2011		30/06/2010		30/06/2008
	Gross value at begin of period	KD	230,744	89.7%	121,621	7.3%	113,362
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	3,653	-96.7%	109,123	1443.9%	7,068
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	2,604
	Gross value at the end of period	LW	234,397	1.6%	230,744	95.8%	117,826

Tangible fixed assets (Total III)

			30/06/2011		30/06/2010		30/06/2008
	Gross value at begin of period	LN	219,607	8.8%	201,775	11.8%	180,441
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	12,508	-60.6%	31,774	-37.8%	51,071
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	13,942	-2.8%	14,343
	Gross value at the end of period	NH	232,115	5.7%	219,607	1.1%	217,169

Financial assets (Total IV)

			30/06/2011		30/06/2010		30/06/2008
	Gross value at begin of period	LQ	51,424	-6.2%	54,834	51.9%	36,102
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	572	-95.0%	11,444	154.4%	4,498
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	08	-99.9%	14,854	0%	0
	Gross value at the end of period	NK	51,988	1.1%	51,424	26.7%	40,601

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

			30/06/2011		30/06/2010		30/06/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	109,099
Increases		0P	0	0%	0	0%	35,820
Decreasess		0Q	0	0%	0	0%	15,636
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	129,283

Research and development charge (Total I)

			30/06/2011		30/06/2010		30/06/2008
	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)

			30/06/2011		30/06/2010		30/06/2008
	Reserve for depreciation value at begin of period	PE	25,255	26.7%	19,930	20.0%	16,607
Increases		PF	5,674	6.6%	5,324	186.4%	1,859
Decreasess		PG	0	0%	0	0%	2,604
	Decreasess by budget item transfer	PH	30,929	22.5%	25,255	59.2%	15,862

Total fixed assets amotisation(Total III)

			30/06/2011		30/06/2010		30/06/2008
	Reserve for depreciation value at begin of period	QU	129,802	16.2%	111,737	20.8%	92,492
Increases		QV	28,482	-11.0%	32,008	-5.8%	33,961
Decreases		QW	0	0%	13,942	7.0%	13,032
	Decreasess by budget item transfer	QX	158,284	21.9%	129,803	14.4%	113,421

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			30/06/2011		30/06/2010		30/06/2008
	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

			30/06/2011		30/06/2010		30/06/2008
	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)

			30/06/2011		30/06/2010		30/06/2008
	Value at begining of period	7C	0	0%	0	0%	13,000
Increases		UB	0	0%	0	0%	19,000
Decreases		UC	0	0%	0	0%	13,000
	Value at the end of period	UD	0	0%	0	0%	19,000

Includes Total allocations

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

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			30/06/2011		30/06/2010		30/06/2008
	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)

			30/06/2011		30/06/2010		30/06/2008
	Value at begining of period	5Z	0	0%	0	0%	13,000
Increases		TV	0	0%	0	0%	19,000
Decreases		TW	0	0%	0	0%	13,000
	Value at the end of period	TX	0	0%	0	0%	19,000

Total Provision for depreciation (Total III)

			30/06/2011		30/06/2010		30/06/2008
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		30/06/2011		30/06/2010		30/06/2008
Gross value	VT	2,938,214	2.2%	2,874,568	70.8%	1,683,487
1 year at most	VU	2,886,226	2.2%	2,823,144	71.8%	1,642,886
More than one year	VV	51,988	1.1%	51,424	26.7%	40,601

State of loans

		30/06/2011		30/06/2010		30/06/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	51,988	1.1%	51,424	26.7%	40,601
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		30/06/2011		30/06/2010		30/06/2008
Customers doubtful or disputed	VA	227,795	60.8%	141,638	125.0%	62,951
Other claims customer	UX	1,633,072	1.0%	1,616,868	105.5%	786,777
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%	897	-89.4%	8,456
Social Security and other social organizations	UZ	0	0%	0	0%	5,757
Income taxes	VM	0	0%	0	0%	106,701
Value added tax	VB	151,682	44.1%	105,296	-29.5%	149,324
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	9,989	139.9%	4,164	0%	0
Group and Associates	VC	366,326	41.7%	258,567	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	84,141	-25.6%	113,063	-33.2%	169,294

Prepaid

		30/06/2011		30/06/2010		30/06/2008
Prepaid	VS	413,218	-29.1%	582,649	64.8%	353,621

State Debt

			30/06/2011		30/06/2010		30/06/2008
	Total debt (gross)	VY	4,940,278	14.7%	4,308,087	67.4%	2,573,446
1 year at most		VZ2	4,940,278	14.7%	4,308,087	67.4%	2,573,446
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

			30/06/2011		30/06/2010		30/06/2008
	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	600,279	-20.3%	753,546	-4.3%	787,199
1 year at most		VG2	600,279	-20.3%	753,546	-4.3%	787,199
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	2,726,235	4.0%	2,620,924	129.5%	1,141,997
1 year at most		8B2	2,726,235	4.0%	2,620,924	129.5%	1,141,997
More than 1 year and 5 years at most		8B3	2,726,235	4.0%	2,620,924	0%	0
	Personnel and associated accounts (gross)	8C1	108,382	-9.2%	119,308	78.4%	66,872
1 year at most		8C2	108,382	-9.2%	119,308	78.4%	66,872
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	185,956	1.9%	182,476	102.4%	90,135
1 year at most		8D2	185,956	1.9%	182,476	102.4%	90,135
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	47,730	133.2%	20,468	-37.8%	32,888
1 year at most		VW2	47,730	133.2%	20,468	-37.8%	32,888
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	16,054	49.4%	10,747	-47.4%	20,443
1 year at most		VQ2	16,054	49.4%	10,747	-47.4%	20,443
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	971,912	143.2%	399,595	55.7%	256,568
1 year at most		VI2	971,912	143.2%	399,595	55.7%	256,568
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	283,728	41.1%	201,021	13.4%	177,342
1 year at most		8K2	283,728	41.1%	201,021	13.4%	177,342
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

		30/06/2011		30/06/2010		30/06/2008
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

		30/06/2011		30/06/2010		30/06/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		30/06/2011		30/06/2010		30/06/2008
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

		30/06/2011		30/06/2010		30/06/2008
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

		30/06/2011		30/06/2010		30/06/2008
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

		30/06/2011		30/06/2010		30/06/2008
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

		30/06/2011		30/06/2010		30/06/2008
Average number of employees	YP	0	0%	30	0%	30

Groups and Shareholders

		30/06/2011		30/06/2010		30/06/2008
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

		30/06/2011		30/06/2010		30/06/2008	Sector Median2011
Fixed Asset Financing		5	22.9%	4.07	51.9%	2.68	1.91	161.8%
Global Debt		153days	1.3%	151days	2.7%	147days	144days	6.2%
Working Capital Fund overall net		64days	18.5%	54days	50.0%	36days	46days	39.1%
Financial independence		230.26%	20.3%	191.47%	149.8%	76.64%	344.41%	-33.1%
More ratios
Solvability		21.68%	-12.9%	24.89%	31.8%	18.88%	25.74%	-15.8%
Capacity debt futures		230.26%	20.3%	191.47%	149.8%	76.64%	743.97%	-69.0%
Coverage of current assets by net working capital overall		33.53%	15.9%	28.93%	21.1%	23.88%	32.25%	4.0%
General Liquidity		0.58	-12.1%	0.66	3.1%	0.64	0.39	48.7%
Restricted Liquidity		0.61	-12.9%	0.70	-4.1%	0.73	0.71	-14.1%

Management or rotation

		30/06/2011		30/06/2010		30/06/2008	Sector Median2011
Need background in operating working capital		65days	22.6%	53days	12.8%	47days	9days	622.2%
Treasury		-14days	30.0%	-20days	35.5%	-31days	6days	-333.3%
Inventory turnover of goods		days	-	days	-	days	91.50days	-
Average length of credit granted to customers		58days	-4.9%	61days	27.1%	48days	29days	100%
Average length of credit obtained suppliers		105days	-3.7%	109days	34.6%	81days	62days	69.4%
More ratios
Inventory turnover of raw materials in industrial enterprises		77days	862.5%	8days	-42.9%	14days	0days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		5008days	6.8%	4691days	61.3%	2909days	1937days	158.5%
Rotation tangible assets		5008.33%	6.8%	4690.52%	61.2%	2909.07%	2083.33%	140.4%

Profitability of the business

		30/06/2011		30/06/2010		30/06/2008	Sector Median2011
Margin trading		0%	0%	0%	0%	0	31.95%	0%
Profitability of the business		1.22	-66.4%	3.63	-57.6%	8.57	2.76%	-55.8%
Net profit		-0.52%	-240.5%	0.37%	-91.1%	4.15%	1.55%	-133.5%
More ratios
Growth rate of turnover (excluding VAT)		12.86%	-79.6%	63.05%	2.2%	61.68%	0%	0%
Rates integration		15.83%	-22.5%	20.43%	-16.9%	24.59%	18.40%	-14.0%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		86.80%	11.7%	77.71%	23.8%	62.78%	69.55%	24.8%
Weight interests		1.75	-10.7%	1.96%	-18.7%	2.41%	0.21%	733.3%

Return on capital

		30/06/2011		30/06/2010		30/06/2008	Sector Median2011
Cash flow from the overall profitability		0.06%	-93.9%	0.98%	-78.6%	4.58%	2.03%	-97.0%
Rates of economic profitability		5%	-64.3%	14%	-57.6%	33%	13.21%	-62.1%
Financial profitability		1382174%	-4.2%	1442820%	139.1%	603346%	27366.50%	4950.6%
Return on investment		4.83%	-47.8%	9.26%	-63.2%	25.19%	10.24%	-52.8%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/06/2011		30/06/2010		30/06/2008	Sector Median2011
Turnover	11,625,092	12.9%	10,300,718	63.0%	6,317,593	432,742 €	2586.4%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	0	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	0 €	0%	0 €	111,757 €	0%
	0.00 % CA	0%	0.00 % CA	0%	0.00 % CA	32.86 % CA	0%

Sale of goods produced	11,625,092	12.9%	10,300,718	63.0%	6,317,593
+/- Stocked production	-421,142	-195.9%	439,328	55.4%	282,786
+ Self-constructed assets	0	0%	0	0%	0
Period production	11,203,950 €	4.3%	10,740,046 €	62.7%	6,600,379 €	1,846 €	606831.2%
	96.38 % CA	-7.6%	104.27 % CA	-0.2%	104.48 % CA	1.10 % CA	8661.8%

Trading margin	0	0%	0	0%	0	111,757	0%
+ Period Production	11,203,950	4.3%	10,740,046	62.7%	6,600,379	1,846	606831.2%
- Purchase of raw materials	6,344,509	24.0%	5,116,493	77.2%	2,887,204
+/- Change in stocks of raw materiels	-1,240,708	-1576.6%	84,024	1935.0%	4,129
- Other external purchases and charges	4,260,061	24.0%	3,435,231	59.4%	2,155,724
Added value	1,840,088 €	-12.6%	2,104,298 €	35.5%	1,553,322 €	85,594 €	2049.8%
	15.83 % CA	-22.5%	20.43 % CA	-16.9%	24.59 % CA	18.40 % CA	-14.0%

Added value	1,840,088 €	-12.6%	2,104,298 €	35.5%	1,553,322 €	85,594 €	2049.8%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	101,199	6.3%	95,182	159.5%	36,674
- Personal charges	1,597,181	-2.3%	1,635,305	67.7%	975,214
Gross operating surplus	141,708 €	-62.1%	373,811 €	-31.0%	541,434 €	9,885 €	1333.6%
	1.22 % CA	-66.4%	3.63 % CA	-57.6%	8.57 % CA	2.76 % CA	-55.8%

Gross operating surplus	141,708 €	-62.1%	373,811 €	-31.0%	541,434 €	9,885 €	1333.6%
+ Release of reserves and provisions	42,631	-41.1%	72,411	102.0%	35,847
+ Other operating income	27,366	816.5%	2,986	59620.0%	05
- Depreciation/Amortisation	172,954	-59.1%	423,127	421.3%	81,160
- Other charges	26,616	-41.4%	45,440	1740.4%	2,469
Operating result	12,135 €	162.7%	-19,359 €	-103.9%	493,657 €	7,554 €	60.6%
	0.10 % CA	152.6%	-0.19 % CA	-102.4%	7.81 % CA	2.05 % CA	-95.1%

Operating result	12,135 €	162.7%	-19,359 €	-103.9%	493,657 €	7,554 €	60.6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	56,779	148.1%	22,888	23.0%	18,615
- Financial charges	203,231	0.7%	201,915	32.4%	152,506
Pre-tax result	-134,317 €	32.3%	-198,386 €	-155.1%	359,766 €	6,529 €	-2157.2%
	-1.16 % CA	39.9%	-1.93 % CA	-133.9%	5.69 % CA	1.70 % CA	-168.2%

Extraordinary income	14,818	18.5%	12,509	-9.2%	13,783	0	0%
- Extraordinary charges	42,682	25.0%	34,135	522.4%	5,484
Extraordinary result	-27,864 €	-28.8%	-21,626 €	-360.6%	8,299 €	0 €	0%
	-0.24 % CA	-14.3%	-0.21 % CA	-261.5%	0 % CA	0 % CA	0%

Pre-tax result	-134,317 €	32.3%	-198,386 €	-155.1%	359,766 €	6,529 €	-2157.2%
Extraordinary result	-27,864 €	-28.8%	-21,626 €	-360.6%	8,299 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	-101,536	60.7%	-258,567	-344.7%	105,667
Net result	-60,645 €	-257.3%	38,555 €	-85.3%	262,398 €	6,257 €	-1069.2%
	-0.52 % CA	-240.5%	0.37 % CA	-91.1%	4.15 % CA	1.55 % CA	-133.5%

judgements

Collective procedures

Courts

No judgment information for the company coming from Court

Rncs

No judgment information for the company coming from Rncs

Bodacc

Judgment	Homologation de concordat	Effective date	22/11/2012
Court	Roubaix / Tourcoing	Parution date from Gazette	26/11/2012
Extrait de jugement Jugement d'homologation de l'accord

Other sources

No recent judgment publication in other sources 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	04/11/2008	Monitored stopped since	04/11/2011
Status of Monitoring	Collection of preferential rights for this company has been stopped by the Court

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
03/03/2013	Bodacc B	Modification et mutation diverse
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE LILLE METROPOLE 655 - 422 390 989 RCS Lille Métropole. DES PETITS HAUTS. Forme : Société par actions simplifiée. Administration : modification du Président de la société Vandeputte, Alain, nomination du Président de la société : THE BEAUTIFUL PEOPLE. Capital : 50000 EUR. Activité : . Adresse du siège social : 84 avenue de la Fosse aux Chènes, 59100 Roubaix. Commentaires : modification survenue sur l'administration.
12/01/2013	JAL	Appointment of the social representative
Gazette Nord Pas de Calais/Edition du Nord Date de décision : 21/12/2012 Société faisant l'objet d'une nomination : 422390989 - DES PETITS HAUTS, 84 AV DE LA FOSSE AUX CHENES, 59100 ROUBAIX Nominé : 522207620 - THE BEAUTIFUL PEOPLE, 2 RUE MIZON, 75015 PARIS 15 En la fonction de : Président
12/01/2013	JAL	Resignation / Revocation of the social representative
Gazette Nord Pas de Calais/Edition du Nord Date de décision : 21/12/2012 La société 422390989 - DES PETITS HAUTS, 84 AV DE LA FOSSE AUX CHENES, 59100 ROUBAIX Fait l'objet du départ de Monsieur Alain VANDEPUTTE
09/05/2012	Bodacc C	Comptes annuels et rapports
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 8172 - 422390989 RCS. DES PETITS HAUTS. Forme : Société par actions simplifiée. Adresse : 84 avenue de la Fosse aux Chènes 59100 Roubaix. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2011.
18/04/2012	Bodacc B	Modification et mutation diverse
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 1165 - 422 390 989 RCS Roubaix / Tourcoing. DES PETITS HAUTS. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire partant : CABINET BRACQ-VANDENBURIE ET ASSOCIES Société d'Expertise Comptable et de Commissariat aux Comptes, Commissaire aux comptes suppléant partant : Vandenburie, Pierre. Capital : 50000 EUR. Activité : . Adresse du siège social : 84 avenue de la Fosse aux Chènes, 59100 Roubaix. Commentaires : modification survenue sur l'administration.
14/03/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 6543 - 422390989 RCS. DES PETITS HAUTS. Forme : Société par actions simplifiée. Adresse : 5 R KELLER 75011 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2010.
09/03/2011	Bodacc B	Modification et mutation diverse
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 1465 - 422 390 989 RCS Roubaix-Tourcoing. DES PETITS HAUTS. Forme : Société par actions simplifiée. Administration : Président de la société : VANDEPUTTE Alain Commissaire aux comptes titulaire : STC AUDIT & CONSEIL Commissaire aux comptes titulaire : CABINET BRACQ-VANDENBURIE ET ASSOCIES Commissaire aux comptes suppléant : VANDENBURIE Pierre Commissaire aux comptes suppléant : SCHATTEMAN Valérie. Capital : 50000 EUR. Activité : Commerce de gros d'habillement. Adresse de l’établissement principal : 84 avenue de la Fossé aux, Chènes, 59100 Roubaix. Adresse du siège social : 84 avenue de la Fossé aux, Chènes, 59100 Roubaix. Commentaires : Nomination de co-commissaires aux comptes. Date de commencement de l’activité : 01/07/2006. Date d’effet : 31/01/2011.
27/02/2011	Bodacc B	Modification et mutation diverse
59 - NORD GREFFE DU TRIBUNAL DE COMMERCE DE ROUBAIX-TOURCOING 1179 - 422 390 989 RCS Roubaix-Tourcoing. DES PETITS HAUTS. Forme : Société par actions simplifiée. Administration : Président de la société : VANDEPUTTE Alain Commissaire aux comptes titulaire : CABINET BRACQ-VANDENBURIE ET ASSOCIES Commissaire aux comptes suppléant : VANDENBURIE Pierre. Capital : 50000 EUR. Activité : Commerce de gros d'habillement. Adresse de l’établissement principal : 84 avenue de la Fossé aux, Chènes, 59100 Roubaix. Adresse du siège social : 84 avenue de la Fossé aux, Chènes, 59100 Roubaix. Commentaires : Transfert de siège hors ressort dans l'établissement secondaire. Date de commencement de l’activité : 01/07/2006. Date d’effet : 01/07/2010.
20/02/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 891 - 422 390 989 RCS Paris. DES PETITS HAUTS. Forme : Société par actions simplifiée. Administration : Directeur général partant : Sanchez, nom d'usage : Sayag, Vanessa. Capital : 50000 EUR. Activité : . Adresse du siège social : 5 rue Keller, 75011 Paris. Commentaires : modification survenue sur l'administration.
28/01/2011	JAL	Resignation / Revocation of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 30/11/2005 La société 422390989 - DES PETITS HAUTS, 5 RUE KELLER, 75011 PARIS 11 Fait l'objet du départ de Date d'effet : 30/05/2006
17/12/2010	JAL	Head Office Transfer
Gazette Nord Pas de Calais/Edition du Nord Date de décision : 08/12/2010 Transfert du siège social de la société 422390989 - DES PETITS HAUTS Adresse du nouveau siège : 84 Avenue de la Fosse aux Chênes, 59100 ROUBAIX Ancienne localisation : 5 RUE KELLER, 75011 PARIS 11 Date d'effet : 01/07/2010
14/12/2010	JAL	Head Office Transfer
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 08/12/2010 Transfert du siège social de la société 422390989 - DES PETITS HAUTS Adresse du nouveau siège : 84 Avenue de la Fosse aux Chênes, 59100 ROUBAIX Ancienne localisation : 5 RUE KELLER, 75011 PARIS 11 Date d'effet : 01/07/2010
05/05/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7037 - 422390989 RCS. DES PETITS HAUTS. Forme : Société par actions simplifiée. Adresse : 5 rue Keller 75011 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2008.
24/06/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5422 - 422390989 RCS. DES PETITS HAUTS. Forme : Société par actions simplifiée. Adresse : 5 rue Keller 75011 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2007.
05/06/2007	Bodacc C	Avis de dépôt des comptes
6650 - RCS Paris B 422 390 989. RC 00-B 6230. DES PETITS HAUTS. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 5, R Keller,Paris, 75011 Paris. Comptes annuels et rapports de l'exercice clos le: 30 juin 2006.
19/05/2006	Bodacc B	Modifications et mutations diverses
1730 - RCS Paris B 422 390 989. RC 00-B 6230. DES PETITS HAUTS. Forme : S.A.S. Capital : 50 000 euros. Adresse du siège social : 5 rue Keller,, 75011 Commentaires : modification survenue sur l'administration. Administration : modification d'un directeur général : SANCHEZ (Vanessa) (Nom d'usage : SAYAG). Nomination du président : VANDEPUTTE (Alain).
11/02/2006	Bodacc C	Avis de dépôt des comptes
3854 - RCS Paris B 422 390 989. RC 00-B 6230. DES PETITS HAUTS. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 5, R Keller,Paris, 75011 Paris. Comptes annuels et rapports de l'exercice clos le: 31 mai 2004.
28/01/2006	Bodacc C	Avis de dépôt des comptes
2553 - RCS Paris B 422 390 989. RC 00-B 6230. DES PETITS HAUTS. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 5, R Keller,Paris, 75011 Paris. Comptes annuels et rapports de l'exercice clos le: 31 mai 2005.
14/10/2005	Bodacc B	Modifications et mutations diverses
882 - RCS Paris B 422 390 989. RC 00-B 6230. DES PETITS HAUTS. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président : SANCHEZ (Vanessa) (Nom d'usage : SAYAG). Nomination d'un commissaire aux comptes titulaire : CABINET BRACQ-VANDENBURIE ET ASSOCIES (S.A.). Nomination d'un commissaire aux comptes suppléant : VANDENBURIE (Pierre).
11/11/2003	Bodacc B	Modifications et mutations diverses
RCS Paris B 422390989 RC 00-B 6230 DES PETITS HAUTS. Forme : S.A.R.L. Commentaires : modification survenue sur l'administration. Administration : gérant partant : SANCHEZ (Katia, Maryelle, Sophie). Nomination du gérant : SANCHEZ (Vanessa) ( Nom d'usage : SAYAG).
28/09/2003	Bodacc A	Création d'établissement
RCS Paris B 422390989 RC AP-B 2450 DES PETITS HAUTS. Forme : S.A.R.L. Capital : 50 000 euros. Adresse du siège social : 5 rue Keller, 75011 Paris Etablissement principal: Activité : vente en demi-gros ou au détail de pret-à-porter pour hommes, femmes ou enfants, de lingerie et autres accessoires de décoration. Adresse : 24 rue Sévigné, 75004 Paris Etablissement principal acquis par achat au prix stipulé de 100 000 euros. Date d'effet : 1 e r juillet 2003. Précédent propriétaire : CHARLOTTE ET CHLOE. RCS B 423844141 Publication légale: Les Affiches parisiennes du 15 juillet 2003. Oppositions : M e Laurieau ( Gilles), notaire, 65 rue de Turbigo, 75003 Paris et M e Beauchef (Patrick), 12 avenue du Maréchal-Leclerc, 45500 Gien, pour la correspondance.
29/12/2002	Bodacc B	Modifications et mutations diverses
RCS Paris B 422390989 RC 00-B 6230 DES PETITS HAUTS. Forme : S.A.R.L. Capital : 10 000 euros. Activité : achat, vente en gros, au détail de vetements, de linge, d'articles de bonneterie, de chemiserie, d'articles de sport pour hommes, femmes ou enfants de bijoux fantaisie, d' articles de maroquinerie, de Paris, d' accessoires pour hommes, femmes ou enfants, tant en France qu'à l'étranger. Vente de vetements pour hommes, femmes ou enfants, d'accessoires, de bijoux, de sacs, de ceintures et de chaussures. Adresse du siège social : 5 rue Keller, 75011 Paris. Administration : nomination du gérant : SANCHEZ (Katia, Maryelle, Sophie). Commentaires : modification survenue sur le capital (augmentation), l'adresse du siège social, l'activité, l'administration et la date de début d' activité. Cette société transfère son siège social du 36 rue Jeanne-d'Arc, 45000 Orléans à l'adresse de l' établissement secondaire, déjà existant. Ancien RC : 99-B 00281. Date d'effet : 23 septembre 2002 Date de début d'activité: 25 février 1999.
11/12/2002	Bodacc B	Modifications et mutations diverses
RCS Paris B 422390989 RC 00-B 6230 DES PETITS HAUTS. Forme : S.A.R.L. Capital : 50 000 euros. Commentaires : modification survenue sur le capital (augmentation).
30/10/2002	Bodacc B	Modifications et mutations diverses
RCS Orléans B 422390989 RC 99-B 281 DES PETITS HAUTS. Forme : S.A.R.L. Adresse du siège social : 36 rue Jeanne-d'Arc, 45000 Orléans Date de radiation: 23 septembre 2002. Commentaires : radiation pour cause de transfert.
27/05/1999	Bodacc A	Création d'établissement
422 390 989. RCS Orléans. A dater du: 26 avril 1999 RC 99-B 281 D.P.H. Forme : S.A.R.L. Capital : 10 000 euros (fixe). Adresse du siège social : 36 rue Jeanne- d'Arc, 45000 Orléans. Administration : gérante : Mlle SANCHEZ (Katia, Maryelle, Sophie) Cette société se constitue Etablissement principal: Activité : achat, vente en gros et en détail de vetements , linge, bonneterie, chemiserie, chaussures, articles de sport, pour hommes, femmes, enfants et de bijouterie fantaisie, maroquinerie, articles de Paris, retouches de vetements, linge, bonneterie, chemiserie et accessoires pour hommes, femmes et enfants, en France et à l' étranger création, fabrication et vente de vetements hommes, femmes, enfants d'accessoires (bijoux, sacs, ceintures) et de chaussures. Adresse : 36 rue Jeanne-d'Arc, 45000 Orléans Date de début d'activité: 25 février 1999.
23/05/1999	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Orléans B 422 390 989 RC 99-B 281 D.P.H. Forme : S.A.R.L. Capital : 10 000 euros. Adresse : 36 rue Jeanne-d'Arc 45000 Orléans Nouvelle situation du siège social dénomination: DES PETITS HAUTS. Date d'effet : 22 mars 1999.

Company events history

Date	Description
07/12/2013	Update Limit
07/12/2013	Update Rating
06/12/2013	New ultimate parent
06/12/2013	New parent detected
16/10/2013	Update Rating
03/03/2013	Bodacc B: Various editing or changing
13/02/2013	New chairman (CEO, CoB)
13/02/2013	Minutes of general meeting of shareholders
12/01/2013	Legal Gazette: Resignation / Revocation of the social representative
21/12/2012	Legal Gazette: Appointment of the social representative
26/11/2012	New collective procedure
09/05/2012	Bodacc C : Deposit accounts notice
24/04/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/04/2012	Bodacc B: Various editing or changing
02/04/2012	Amendment
04/11/2011	Collection of preferential rights for this company has been stopped by the Court
30/06/2011	New accounts available
14/03/2011	Bodacc C : Deposit accounts notice
09/03/2011	Bodacc B: Various editing or changing
28/02/2011	New auditor
28/02/2011	Amendment
27/02/2011	Bodacc B: Various editing or changing
20/02/2011	Bodacc B: Various editing or changing
17/02/2011	Updated articles of association
17/02/2011	Minutes of general meeting of shareholders
17/02/2011	Registered office transferred inside jurisdiction of the Commercial Court
17/02/2011	Amendment
28/01/2011	Legal Gazette: Resignation / Revocation of the social representative
17/12/2010	Legal Gazette: Head Office Transfer
14/12/2010	Legal Gazette: Head Office Transfer
01/07/2010	Transfer of Establishment
01/07/2010	Update of Company Head Office Identifier
30/06/2010	New accounts available
05/05/2009	Bodacc C : Deposit accounts notice
09/12/2008	Payment incident closed
04/11/2008	Collection of preferential rights activated for this company
07/10/2008	Payment incident detected
30/06/2008	New accounts available
24/06/2008	Bodacc C : Deposit accounts notice
30/06/2007	New accounts available
30/06/2006	New accounts available
30/05/2006	Extension of term
30/05/2006	Prorogation de durée
30/05/2006	Acte modificatif
30/05/2006	Updated articles of association
30/05/2006	Statuts mis à jour
30/05/2006	PV d'Assemblée
30/05/2006	Minutes of general meeting of shareholders
30/05/2006	Private document
30/05/2006	Acte sous seing privé
30/05/2006	New closing date
30/05/2006	Changement de date de clôture
05/01/2006	Nomination/démission des organes de gestion
05/01/2006	Appointment/resignation of company officers
05/01/2006	Changement de Président (PDG, PCA)
05/01/2006	Acte modificatif
05/01/2006	Modification du Conseil d'Administration
05/01/2006	Acte sous seing privé
05/01/2006	PV d'Assemblée
05/01/2006	Minutes of general meeting of shareholders
05/01/2006	Private document
29/09/2005	Changement de Forme Juridique avec changement de catégorie
29/09/2005	Changement de Forme Juridique sans changement de catégorie
29/09/2005	New legal form – no new category
29/09/2005	Changement de Président (PDG, PCA)
29/09/2005	Acte sous seing privé
29/09/2005	Private document
29/09/2005	Appointment/resignation of company officers
29/09/2005	Nomination/démission des organes de gestion
29/09/2005	Minutes of general meeting of shareholders
29/09/2005	PV d'Assemblée
29/09/2005	Statuts mis à jour
29/09/2005	Updated articles of association
29/09/2005	Changement de Commissaire aux Comptes
29/09/2005	New auditor
08/09/2005	Private document
08/09/2005	Acte sous seing privé
08/09/2005	Rapport des Commissaires ou du Gérant
08/09/2005	Audit or Management Report
31/05/2005	New accounts available
31/05/2004	New accounts available
30/10/2003	Nomination/démission des organes de gestion
30/10/2003	PV d'Assemblée
30/10/2003	Acte sous seing privé
30/10/2003	Changement de Gérant
31/05/2003	New accounts available
28/11/2002	Acte sous seing privé
28/11/2002	Augmentation de Capital
28/11/2002	Statuts mis à jour
28/11/2002	PV d'Assemblée
23/09/2002	Acte sous seing privé
23/09/2002	Immatriculation secondaire devient principale
23/09/2002	Statuts mis à jour
23/09/2002	Acte modificatif
23/09/2002	PV d'Assemblée
23/09/2002	Immatriculation suite à transfert
05/04/2002	Changement de date de clôture
05/04/2002	PV d'Assemblée
05/04/2002	Statuts mis à jour
05/04/2002	Acte sous seing privé
26/04/1999	Formation de Société
26/04/1999	Changement de dénomination sociale
26/04/1999	Acte sous seing privé
26/04/1999	Nomination/démission des organes de gestion
26/04/1999	Certificat de dépôt des fonds
26/04/1999	PV d'Assemblée
26/04/1999	Statuts mis à jour

Establishment events history

Date	Description
07/12/2013	Update Limit
07/12/2013	Update Rating
03/03/2013	Update Limit
03/03/2013	Update Rating
23/02/2013	Update Rating
30/10/2012	Update Rating
24/04/2012	Update Limit
24/04/2012	Update Rating
09/03/2012	Update Limit
09/03/2012	Update Rating
22/10/2011	Update Rating
31/08/2011	Update Limit
28/06/2011	Update of phone numbers
01/07/2010	Modification of Head office (after transfer)
01/07/2010	Update of Establishment Workforce
01/07/2006	Formation of Establishment

directors

Shareholder(s)

Name	THE BEAUTIFUL PEOPLE
Name of representative
Manager position	President	Date of birth
Place of birth
Type	Moral person	Name at birth

Previous Directors

No data about previous directors is available for this company

Bottom of Form

DIAMOND INDUSTRY – INDIA

- From time immemorial, India is well known in the world as the birthplace for diamonds.  It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8^th Century B.C.  India, in fact, remained undisputed leader till 18^th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

- The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

- The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

- Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

- Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

- Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

- Excerpts from Times of India dated 30^th October 2010 is as under –

- Gem & Jewellery Export Promotion Council in its statistical data has shown the export of polished diamonds to have increase by 28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012, India exported $ 1.84 billion worth of polished diamonds in February 2013. A senior executive of GJEPC said, “Export of cut and polished diamonds started falling month-wise after the imposition of 2 % of import duty on the polished diamonds. But February, 2013 has given a new ray of hope to the industry as the export of polished diamonds has actually increased by 28 %. It means the industry  is on the track of recovery and round tripping of diamonds has stopped completely.” Demand has started coming from the US, the UK, Japan and China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.

- The banking sector has started exercising restraint while following prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel III accord – a global voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.73
UK Pound	1	Rs.102.36
Euro	1	Rs.81.38

INFORMATION DETAILS

Analysis Done by :	DIV
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%)

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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.