MIRA INFORM REPORT

Report Date :

12.07.2014

IDENTIFICATION DETAILS

Name :	INTERPRAL - ULYSSE
Registered Office :	11 Rue Des Halles, 75001 Paris 1
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	January, 1962
Legal Form :	Simplified joint stock company
Line of Business :	Wholesale (intercompany trade) of frozen products
No. of Employees :	20 to 49 employees

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – 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
Moderately Low Risk	B1
Moderate Risk	B2
Moderately 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 name and address

Name

INTERPRAL - ULYSSE

SIRET

622 059 343 00047

Personal comment

company summary

		EUR VAT Number	FR85622059343
Activity (APE)	Wholesale (intercompany trade) of frozen products (4639A)	Legal form	Simplified joint stock company
Phone	01 55 04 12 12	RCS Registration	RCS Paris 6 622 059 343
Fax	01 55 04 12 01	Share capital	176,400 Euros
Address	INTERPRAL - ULYSSE INTERPRAL 11 RUE DES HALLES 75001 PARIS 1	Incorporated Date	12/1962
Nationality	France	Status	Economically active

This company is not under monitoring

Current Directors

2

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	37,718,617 €	46,157,543 €	49,020,238 €
Gross Operating Surplus	-0.53 % Turnover	0.71 % Turnover	0.63 % Turnover
Shareholders’ equity	5,909,308 €	6,120,750 €	5,858,907 €
Net result	79,618 €	477,149 €	372,871 €
Employees	20 to 49 employees	-	-

Trends
Profitability
Liquidity
Net worth

Company details

Activity (APE)	Wholesale (intercompany trade) of frozen products (4639A)
RCS Registration	RCS Paris 6 622 059 343	Share capital	176,400 Euros
Registration Court	Paris (75)	Legal form	Simplified joint stock company
Court Registry Number	19 6 2B05934	EUR VAT Number	FR85622059343
Incorporation Date	12/1962	Formation Date	01/1962
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Wholesale (intercompany trade) of frozen products (4639A)	Business Pages FT®	IMPORT-EXPORT, SOCIETES DE COMMERCE INTERNATIONAL
Postal Address	INTERPRAL - ULYSSE INTERPRAL 11 RUE DES HALLES 75001 PARIS 1	Trading Address	11 RUE DES HALLES 75001 PARIS 1
Telephone	01 55 04 12 12
Fax	01 55 04 12 01

Type	Head office	Status	Economically active
Formation Date	01/2010	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	PARIS 1	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> INTERPRAL - ULYSSE <<< - Commerce de gros (commerce interentreprises) de produits surgelés (4639A) in PARIS 1 (75001)
Secondary establishments	> INTERPRAL - ULYSSE - Commerce de gros (commerce interentreprises) de produits surgelés (4639A) in CHEVILLY LARUE (94550) > INTERPRAL - ULYSSE - Commerce de gros (commerce interentreprises) de produits surgelés (4639A) in PARIS 1 (75001)

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

Workforces

Workforce at address

Workforce unknown

Company workforce

20 to 49 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	22/07/2013	04/10/2012	19/07/2011
Activity Code	4639A	4639A	4639A
Employees	19	20	20

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	1,416,816	-0.9%	1,429,165	-1.5%	1,451,650	89,908.50	1475.8%
- Intangible assets	0	0%	0	0%	0	918.50	0%
- Tangible assets	17,273	-30.0%	24,685	-33.4%	37,091	30,174.50	-42.8%
- Financial assets	1,399,543	-0.4%	1,404,480	-0.7%	1,414,559	9,232	15059.7%
Net current assets	15,107,753	5.5%	14,323,765	1.3%	14,136,535	1,187,848	1171.9%
- Stocks	6,892,514	8.6%	6,348,244	85.6%	3,419,886	235,014	2832.8%
- Advanced payments	0	5.5%	0	0%	0	0	0%
- Receivables	6,589,808	-2.7%	6,770,050	-27.8%	9,373,040	655,942.50	904.6%
- Securities and cash	1,625,431	34.8%	1,205,471	-10.3%	1,343,609	126,781.50	1182.1%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	9,650	453.6%	1,743	-88.1%	14,642	0	0%
Total Assets	16,534,222	4.9%	15,754,673	1.0%	15,602,827	1,314,124	1158.2%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Shareholders' equity	5,909,308	-3.5%	6,120,750	4.5%	5,858,907	413,415	1329.4%
Share capital	176,400	0%	176,400	6.5%	165,620	62,390	182.7%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	9,650	453.6%	1,743	-88.1%	14,642	0	0%
Liabilities	10,611,966	10.5%	9,605,275	-0.9%	9,691,374	882,316	1102.7%
- Financial liabilities	7,493,502	22.1%	6,136,777	50.3%	4,082,406	89,451.50	8277.2%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	2,537,403	1.1%	2,509,926	-47.0%	4,731,624	504,796.50	402.7%
- Tax and social liabilities	378,704	-19.4%	470,012	-16.5%	562,834	97,647	287.8%
- Other debts and fixed assets liabilities	205,656	-60.1%	515,467	136.2%	218,248	11,515	1686.0%
Account regularization	0	0%	0	0%	134,166	0	0%
Total liabilities	16,534,222	4.9%	15,754,673	1.0%	15,602,827	1,314,124	1158.2%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Sales of Goods	38,222,194	-18.2%	46,724,379	-5.4%	49,384,347	4,518,025.50	746.0%
Net turnover	37,718,617	-18.3%	46,157,543	-5.8%	49,020,238	4,508,648.50	736.6%
- of which net export turnover	5,610,663	-41.1%	9,530,450	-44.9%	17,300,172	0	0%
Operating charges	38,086,578	-17.0%	45,913,147	-6.0%	48,831,557	4,672,521	715.1%
Operating profit/loss	135,616	-83.3%	811,232	46.8%	552,790	63,775.50	112.6%
Financial income	71,393	44.1%	49,560	-2.5%	50,817	1,196	5869.3%
Financial charges	100,739	-36.0%	157,424	114.2%	73,480	4,378	2201.0%
Financial profit/loss	-29,346	72.8%	-107,864	-375.9%	-22,663	-810	-3523.0%
Pretax net operating income	106,270	-84.9%	703,368	32.7%	530,127	59,291	79.2%
Extraordinary income	8,384	-80.2%	42,240	83.7%	22,997	2,564	227.0%
Extraordinary charges	5,915	-73.0%	21,887	300.3%	5,467	2,218	166.7%
Extraordinary profit/loss	2,469	-87.9%	20,353	16.1%	17,530	-05	49480.0%
Net result	79,618	-83.3%	477,149	28.0%	372,871	47,431	67.9%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts – Active

Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Grand Total (I to VI)	Net	16,534,222	4.9%	15,754,673	1.0%	15,602,827
	Gross	CO	16,770,417	4.9%	15,992,278	1.4%	15,775,568
	Amortisation	1A	236,195	-0.6%	237,605	37.5%	172,741

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	1,416,816	-0.9%	1,429,165	-1.5%	1,451,650
	Gross	BJ	1,508,024	-3.8%	1,567,746	-0.6%	1,577,825
	Amortisation	BK	91,208	-34.2%	138,581	9.8%	126,175

Intangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	0	0%	0
	Gross	AF	22,785	-61.3%	58,853	0%	58,853
	Amortisation	AG	22,785	-61.3%	58,853	0%	58,853
	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	0	0%	0	0%	0

Tangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	0	0%	0	0%	134
	Gross	AR	1,424	0%	1,424	0%	1,424
	Amortisation	AS	1,424	0%	1,424	10.4%	1,290
	Other tangible fixed assets	Net	17,273	-30.0%	24,685	-33.2%	36,957
	Gross	AT	84,272	-18.2%	102,989	0%	102,989
	Amortisation	AU	66,999	-14.4%	78,304	18.6%	66,032
	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	17,273		24,685		37,091

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	1,359,049	0%	1,359,049	0%	1,359,049
	Gross	CU	1,359,049	0%	1,359,049	0%	1,359,049
	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	24,494	-16.8%	29,431	-12.1%	33,480
	Gross	BF	24,494	0%	29,431	0%	33,480
	Amortisation	BG	0		0		0
	Other financial assets	Net	16,000	0%	16,000	-27.4%	22,030
	Gross	BH	16,000	0%	16,000	-27.4%	22,030
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		1,399,543		1,404,480		1,414,559

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	15,107,753	5.5%	14,323,765	1.3%	14,136,535
	Gross	CJ	15,252,741	5.8%	14,422,789	1.7%	14,183,102
	Amortisation	CK	144,988	46.4%	99,024	112.6%	46,567

Stocks

			31/12/2012		31/12/2011		31/12/2010
	Raw materials	Net	0	0%	0	0%	0
	Gross	BL	0	0%	0	0%	0
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	6,892,514	8.6%	6,348,244	85.6%	3,419,886
	Gross	BT	6,960,852	9.1%	6,377,807	85.7%	3,433,986
	Amortisation	BU	68,338	131.2%	29,563	109.7%	14,100
	Sub Total Stocks	Net	6,892,514	8.6%	6,348,244	85.6%	3,419,886

Advance payments to suppliers

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

Debtors

			31/12/2012		31/12/2011		31/12/2010
	Trade accounts receivable	Net	5,935,034	-5.7%	6,294,831	-27.7%	8,706,767
	Gross	BX	5,979,980	-5.7%	6,343,654	-27.3%	8,729,481
	Amortisation	BY	44,946	-7.9%	48,823	114.9%	22,714
	Other debtors	Net	565,339	142.5%	233,147	-30.4%	335,003
	Gross	BZ	576,405	147.2%	233,147	-30.4%	335,003
	Amortisation	CA	11,066	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	6,500,373	-0.4%	6,527,978	-27.8%	9,041,770

Divers

			31/12/2012		31/12/2011		31/12/2010
	Investment securities	Net	324	0%	324	-97.1%	11,209
	Gross	CD	20,962	0%	20,962	0%	20,962
	Amortisation	CE	20,638	0%	20,638	111.6%	9,753
	Cash and cash equivalents	Net	1,625,107	34.8%	1,205,147	-9.6%	1,332,400
	Gross	CF	1,625,107	34.8%	1,205,147	-9.6%	1,332,400
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	1,625,431	34.8%	1,205,471	-10.3%	1,343,609

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2010
	Prepaid expenses	Net	89,435	-63.1%	242,072	-26.9%	331,270
	Gross	CH	89,435	-63.1%	242,072	-26.9%	331,270
	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	9,650	453.6%	1,743	-88.1%	14,642
Gross		9,650	453.6%	1,743	-88.1%	14,642

References

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	0	0%	4,937	-51.0%	10,079
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	16,534,222	4.9%	15,754,673	1.0%	15,602,827

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	5,909,308	-3.5%	6,120,750	4.5%	5,858,907
	Equity and shareholders' equity	DA	176,400	0%	176,400	6.5%	165,620
	Issue and merger premiums	DB	1,940,500	0%	1,940,500	0%	1,940,500
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	33,946	0%	33,946	0%	33,946
	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	2,088,602	0%	2,088,602	-0.5%	2,099,382
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	1,590,242	13.3%	1,404,153	12.6%	1,246,588
	Profit or loss for the period	DI	79,618	-83.3%	477,149	28.0%	372,871
	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	9,650	453.6%	1,743	-88.1%	14,642
	Risk provisions	DP	9,650	453.6%	1,743	-88.1%	14,642
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2012		31/12/2011		31/12/2010
	Total Liabilities (Total IV)	EC	10,611,966	10.5%	9,605,275	-0.9%	9,691,374
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	2,973,683	57.3%	1,890,231	14.5%	1,651,166
	Sundry loans and financial liabilities	DV	4,519,819	6.4%	4,246,546	74.7%	2,431,240
	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	2,537,403	1.1%	2,509,926	-47.0%	4,731,624
	Tax and social security liabilities	DY	378,704	-19.4%	470,012	-16.5%	562,834
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	202,357	-58.6%	488,560	170.9%	180,343

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	3,299	-87.7%	26,907	-29.0%	37,905

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	0	0%	0	0%	134,166

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	9,605,274	-0.9%	9,691,374
Of which current bank facilities	EH	0	0%	1,890,231	14.5%	1,651,166

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	135,616	-83.3%	811,232	46.8%	552,790

2 -Financial result(V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-29,346	72.8%	-107,864	-375.9%	-22,663

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	106,270	-84.9%	703,368	32.7%	530,127

4 -Extraordinary result(VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	2,469	-87.9%	20,353	16.1%	17,530

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	79,618	-83.3%	477,149	28.0%	372,871

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	38,301,971	-18.2%	46,816,179	-5.3%	49,458,161

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	38,222,353	-17.5%	46,339,030	-5.6%	49,085,288

Operating income(I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	38,222,194	-18.2%	46,724,379	-5.4%	49,384,347

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	Sale of goods for resale	FC	37,029,901	-18.4%	45,391,815	-6.4%	48,511,152
	France	FA	31,505,812	-12.4%	35,945,039	14.8%	31,319,986
	Export	FB	5,524,089	-41.5%	9,446,776	-45.0%	17,191,166
	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	688,716	-10.1%	765,728	50.4%	509,086
	France	FG	602,142	-11.7%	682,054	70.5%	400,080
	Export	FH	86,574	3.5%	83,674	-23.2%	109,006
	Net turnover	FL	37,718,617	-18.3%	46,157,543	-5.8%	49,020,238
	France	FJ	32,107,954	-12.3%	36,627,093	15.5%	31,720,066
	Export	FK	5,610,663	-41.1%	9,530,450	-44.9%	17,300,172
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	272,087	254.7%	76,714	-33.0%	114,514
	Other income	FQ	231,490	-52.8%	490,122	96.4%	249,595

Operating charges(II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	38,086,578	-17.0%	45,913,147	-6.0%	48,831,557

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	34,112,931	-22.5%	44,015,953	1.2%	43,507,592
Change in stocks of goods for resale	FT	-583,045	80.2%	-2,943,821	-589.6%	601,223
Purchase of raw materials	FU	89,955	8.5%	82,902	12.3%	73,854
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	2,629,426	-9.2%	2,897,292	3.4%	2,803,010
Tax, duty and similar payments	FX	159,217	-14.5%	186,183	-1.3%	188,548
Payroll	FY	1,030,915	-5.2%	1,087,840	3.4%	1,052,280
Social security costs	FZ	480,679	-4.8%	504,873	4.6%	482,862

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	8,367	-32.6%	12,406	-71.0%	42,721
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	116,213	69.1%	68,717	150.2%	27,463
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	41,920	5126.9%	802	-98.5%	52,004

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	71,393	44.1%	49,560	-2.5%	50,817
	Share financial income	GJ	30,450	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	15,633	424.8%	2,979	7.7%	2,765
	Released provisions and transferred charges	GM	0	0%	12,899	-67.5%	39,704
	Exchange gains	GN	25,310	-24.9%	33,682	303.5%	8,348
	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	100,739	-36.0%	157,424	114.2%	73,480
	Financial reserves and provisions	GQ	7,907	-27.4%	10,885	184.9%	3,820
	Interest and similar charges	GR	62,540	-37.1%	99,377	79.5%	55,363
	Exchange losses	GS	0	0%	47,162	229.9%	14,297
	Net loss from disposal of investment securities	GT	30,292	0%	0	0%	0

Extraordinary income(VII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary income (Total VII)	HD	8,384	-80.2%	42,240	83.7%	22,997
	Extraordinary operating income	HA	8,384	-80.2%	42,240	494.3%	7,107
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	15,890

Extraordinary charges(VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	5,915	-73.0%	21,887	300.3%	5,467
	Extraordinary operating charges	HE	5,915	-73.0%	21,887	300.3%	5,467
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing(IX)

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

Tax on profits(X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	29,121	-88.2%	246,572	41.1%	174,784

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%	49,569	310.1%	12,086
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%	70	-89.1%	641

Display parameter
Currency	Euro	Kilo Euro

Other incomes tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period
Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	60,677	502.0%	10,079	-95.5%	222,302
	Gross value at the end of period	OL	1,508,025	-3.8%	1,567,746	-0.6%	1,577,825

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	58,853	0%	58,853	0%	58,853
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	36,067	0%	0	0%	0
	Gross value at the end of period	LW	22,786	-61.3%	58,853	0%	58,853

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	104,413	0%	104,413	-60.3%	263,285
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	956	0%	0	0%	18,664
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	19,672	0%	0	0%	177,536
	Gross value at the end of period	NH	85,697	-17.9%	104,413	0%	104,413

Fiancial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	1,404,480	-0.7%	1,414,559	-1.4%	1,434,277
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	25,049
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	4,937	-51.0%	10,079	-77.5%	44,767
	Gross value at the end of period	NK	1,399,543	-0.4%	1,404,480	-0.7%	1,414,559

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	58,853	0%	58,853	0%	58,853
Increases		PF	0	0%	0	0%	0
Decreasess		PG	36,067	0%	0	0%	0
	Decreasess by budget item transfer	PH	22,786	-61.3%	58,853	0%	58,853

Total fixed assets amotisation(Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	79,728	18.4%	67,322	-66.7%	202,136
Increases		QV	8,367	-32.6%	12,406	-71.0%	42,722
Decreases		QW	19,672	0%	0	0%	177,536
	Decreasess by budget item transfer	QX	68,423	-14.2%	79,728	18.4%	67,322

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	100,767	64.6%	61,208	-67.4%	187,948
Increases		UB	124,120	55.9%	79,602	154.5%	31,283
Decreases		UC	70,250	75.4%	40,044	-74.7%	158,023
	Value at the end of period	UD	154,637	53.5%	100,767	64.6%	61,208

Includes Total allocations

Operating	UE	0	0%	68,717	150.2%	27,463
Financial	UG	0	0%	10,885	184.9%	3,820
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	27,145	-73.5%	102,429
Financial	UH	0	0%	12,899	-67.5%	39,704
Exceptional	UK	0	0%	0	0%	15,890

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	1,743	-88.1%	14,642	-79.2%	70,236
Increases		TV	7,907	0%	0	0%	0
Decreases		TW	0	0%	12,899	-76.8%	55,594
	Value at the end of period	TX	9,650	453.6%	1,743	-88.1%	14,642

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	99,024	112.6%	46,567	-60.4%	117,712
Increases		TY	116,213	46.0%	79,602	154.5%	31,283
Decreases		TZ	70,250	158.8%	27,145	-73.5%	102,429
	Value at the end of period	UA	144,987	46.4%	99,024	112.6%	46,567

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	6,686,315	-2.6%	6,864,305	-27.4%	9,451,264
1 year at most	VU	6,635,104	-2.8%	6,823,811	-27.5%	9,405,833
More than one year	VV	51,211	26.5%	40,494	-10.9%	45,431

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	24,494	-16.8%	29,431	-12.1%	33,480
Loans (1 year at most)	UR	0	0%	4,937	21.9%	4,049
Other financial assets (gross)	UT	16,000	0%	16,000	-27.4%	22,030
Other financial assets (1 year at most)	UV	0	0%	0	0%	6,030

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	79,022	58.6%	49,818	107.7%	23,985
Other claims customer	UX	5,900,958	-6.2%	6,293,836	-27.7%	8,705,496
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	156,025	0%	0	0%	0
Value added tax	VB	131,521	35.7%	96,904	27.6%	75,936
Other taxes and payments assimilated	VN	11,694	200.8%	3,888	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	277,165	109.4%	132,355	-48.9%	259,067

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	89,435	-63.1%	242,072	-26.9%	331,270

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	10,611,968	10.5%	9,605,274	-0.9%	9,691,374
1 year at most		VZ2	10,611,968	10.5%	9,605,274	-0.9%	9,691,374
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	2,973,683	57.3%	1,890,231	14.5%	1,651,166
1 year at most		VG2	2,973,683	57.3%	1,890,231	14.5%	1,651,166
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	2,537,403	1.1%	2,509,926	-47.0%	4,731,624
1 year at most		8B2	2,537,403	1.1%	2,509,926	-47.0%	4,731,624
More than 1 year and 5 years at most		8B3	2,537,403	1.1%	2,509,926	-47.0%	4,731,624
	Personnel and associated accounts (gross)	8C1	97,506	2.5%	95,119	7.0%	88,905
1 year at most		8C2	97,506	2.5%	95,119	7.0%	88,905
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	192,089	-2.4%	196,877	11.4%	176,792
1 year at most		8D2	192,089	-2.4%	196,877	11.4%	176,792
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	71,580	-21.3%	90,968
1 year at most		8E2	0	0%	71,580	-21.3%	90,968
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	94,155
1 year at most		VW2	0	0%	0	0%	94,155
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	89,110	-16.3%	106,436	-5.0%	112,014
1 year at most		VQ2	89,110	-16.3%	106,436	-5.0%	112,014
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	4,519,819	6.4%	4,246,546	74.7%	2,431,240
1 year at most		VI2	4,519,819	6.4%	4,246,546	74.7%	2,431,240
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	202,357	-58.6%	488,560	170.9%	180,343
1 year at most		8K2	202,357	-58.6%	488,560	170.9%	180,343
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%	134,166
1 year at most		8L2	0	0%	0	0%	134,166
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%	215,306	-35.0%	331,240

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%	47,672	-0.4%	47,878
Rentals, rental charges and condominiums	XQ	0	0%	691,971	-5.5%	732,229
Staff outside the company	YU	0	0%	20,450	-83.0%	119,970
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	380,008	-6.4%	406,080
Fees, commissions and brokerage	YV	0	0%	79,283	35.7%	58,425
Other accounts	ST	0	0%	1,677,908	16.6%	1,438,429
Total Other purchases and external	ZJ	0	0%	2,897,292	3.4%	2,803,011

Taxes and Fees

		31/12/2012		31/12/2011		31/12/2010
Business tax	YW	0	0%	59,772	0%	0
Other taxes and payments assimilated	9Z	0	0%	126,411	-33.0%	188,548
Total taxes and fees	YX	0	0%	186,183	-1.3%	188,548

VAT

		31/12/2012		31/12/2011		31/12/2010
Amount VAT collected	YY	0	0%	2,388,469	25.9%	1,897,328
Total VAT on goods and services	YZ	0	0%	2,484,103	27.4%	1,950,525

Average number of employees

		31/12/2012		31/12/2011		31/12/2010
Average number of employees	YP	19	-5.0%	20	0%	20

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		8.95	33.6%	6.70	25.5%	5.34	2.72	229.0%
Global Debt		101days	34.7%	75days	5.6%	71days	72days	40.3%
Working Capital Fund overall net		114days	62.9%	70days	40.0%	50days	37days	208.1%
Financial independence		198.72%	-38.6%	323.81%	-8.7%	354.83%	445.66%	-55.4%
More ratios
Solvability		35.74%	-8.0%	38.85%	3.5%	37.55%	31.24%	14.4%
Capacity debt futures		198.72%	-38.6%	323.81%	-8.7%	354.83%	838.47%	-76.3%
Coverage of current assets by net working capital overall		79%	25.5%	62.95%	27.4%	49.40%	33.52%	135.7%
General Liquidity		0.63	-11.3%	0.71	-26.8%	0.97	0.79	-20.3%
Restricted Liquidity		0.78	-7.1%	0.84	-24.3%	1.11	1.01	-22.8%

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Need background in operating working capital		98days	34.2%	73days	43.1%	51days	19days	415.8%
Treasury		16days	420.0%	-5days	-150.0%	-2days	9days	77.8%
Inventory turnover of goods		75days	33.9%	56days	100%	28days	30days	150.0%
Average length of credit granted to customers		57days	21.3%	47days	-24.2%	62days	42days	35.7%
Average length of credit obtained suppliers		25days	31.6%	19days	-45.7%	35days	48days	-47.9%
More ratios
Inventory turnover of raw materials in industrial enterprises		0days	0%	0days	0%	0days	0days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	10176.50days	-
Rotation tangible assets		44013.93%	-0.4%	44206.70%	-5.8%	46948.40%	3644.94%	1107.5%

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Margin trading		9.28%	-0.9%	9.36%	4.2%	8.98	19.91%	-53.4%
Profitability of the business		-0.53	-174.6%	0.71	12.7%	0.63	2.28%	-123.2%
Net profit		0.21%	-79.6%	1.03%	35.5%	0.76%	1.29%	-83.7%
More ratios
Growth rate of turnover (excluding VAT)		-18.28%	-213.0%	-5.84%	-104.9%	-2.85%	0.44%	-4254.5%
Rates integration		3.90%	-14.5%	4.56%	9.9%	4.15%	10.89%	-64.2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		102.88%	36.0%	75.66%	0.3%	75.45%	66.64%	54.4%
Weight interests		0.27	-20.6%	0.34%	126.7%	0.15%	0.14%	92.9%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Cash flow from the overall profitability		0.25%	-75.0%	1%	88.7%	0.53%	1.62%	-84.6%
Rates of economic profitability		-2%	-166.7%	3%	0%	3%	15%	-113.3%
Financial profitability		5909308%	-3.5%	6120750%	4.5%	5858907%	413415%	1329.4%
Return on investment		1.35%	-73.9%	5.18%	15.4%	4.49%	9.77%	-86.2%

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	37,718,617	-18.3%	46,157,543	-5.8%	49,020,238	4,508,648 €	736.6%

Sales of goods	37,029,901	-18.4%	45,391,815	-6.4%	48,511,152
- Purchase of goods	34,112,931	-22.5%	44,015,953	1.2%	43,507,592
+/- Stock of goods variation	-583,045	80.2%	-2,943,821	-589.6%	601,223
Trading margin	3,500,015 €	-19.0%	4,319,683 €	-1.9%	4,402,337 €	785,790 €	345.4%
	9.28 % CA	-0.9%	9.36 % CA	4.2%	8.98 % CA	19.91 % CA	-53.4%

Sale of goods produced	688,716	-10.1%	765,728	50.4%	509,086
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	688,716 €	-10.1%	765,728 €	50.4%	509,086 €	16,657.50 €	4034.6%
	1.83 % CA	10.2%	1.66 % CA	59.6%	1.04 % CA	0.32 % CA	471.9%

Trading margin	3,500,015	-19.0%	4,319,683	-1.9%	4,402,337	785,790	345.4%
+ Period Production	688,716	-10.1%	765,728	50.4%	509,086	16,657.50	4034.6%
- Purchase of raw materials	89,955	8.5%	82,902	12.3%	73,854
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	2,629,426	-9.2%	2,897,292	3.4%	2,803,010
Added value	1,469,350 €	-30.2%	2,105,217 €	3.5%	2,034,559 €	451,189 €	225.7%
	3.90 % CA	-14.5%	4.56 % CA	9.9%	4.15 % CA	10.89 % CA	-64.2%

Added value	1,469,350 €	-30.2%	2,105,217 €	3.5%	2,034,559 €	451,189 €	225.7%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	159,217	-14.5%	186,183	-1.3%	188,548
- Personal charges	1,511,594	-5.1%	1,592,713	3.8%	1,535,142
Gross operating surplus	-201,461 €	-161.7%	326,321 €	5.0%	310,869 €	82,864.50 €	-343.1%
	-0.53 % CA	-174.6%	0.71 % CA	12.7%	0.63 % CA	2.28 % CA	-123.2%

Gross operating surplus	-201,461 €	-161.7%	326,321 €	5.0%	310,869 €	82,864.50 €	-343.1%
+ Release of reserves and provisions	272,087	254.7%	76,714	-33.0%	114,514
+ Other operating income	231,490	-52.8%	490,122	96.4%	249,595
- Depreciation/Amortisation	124,580	53.6%	81,123	15.6%	70,184
- Other charges	41,920	5126.9%	802	-98.5%	52,004
Operating result	135,616 €	-83.3%	811,232 €	46.8%	552,790 €	63,776 €	112.6%
	0.36 % CA	-79.5%	1.76 % CA	55.8%	1.13 % CA	1.93 % CA	-81.3%

Operating result	135,616 €	-83.3%	811,232 €	46.8%	552,790 €	63,776 €	112.6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	71,393	44.1%	49,560	-2.5%	50,817
- Financial charges	100,739	-36.0%	157,424	114.2%	73,480
Pre-tax result	106,270 €	-84.9%	703,368 €	32.7%	530,127 €	59,291 €	79.2%
	0.28 % CA	-81.6%	1.52 % CA	40.7%	1.08 % CA	1.79 % CA	-84.4%

Extraordinary income	8,384	-80.2%	42,240	83.7%	22,997	2,564	227.0%
- Extraordinary charges	5,915	-73.0%	21,887	300.3%	5,467
Extraordinary result	2,469 €	-87.9%	20,353 €	16.1%	17,530 €	-05 €	49480.0%
	0.01 % CA	-75.0%	0.04 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	106,270 €	-84.9%	703,368 €	32.7%	530,127 €	59,291 €	79.2%
Extraordinary result	2,469 €	-87.9%	20,353 €	16.1%	17,530 €	-05 €	49480.0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	29,121	-88.2%	246,572	41.1%	174,784
Net result	79,618 €	-83.3%	477,149 €	28.0%	372,873 €	47,430.50 €	67.9%
	0.21 % CA	-79.6%	1.03 % CA	35.5%	0.76 % CA	1.29 % CA	-83.7%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
19/08/2013	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11977 - 622059343 RCS. INTERPRAL - ULYSSE. Forme : Société par actions simplifiée. Adresse : 11 rue des Halles 75001 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
20/08/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 13113 - 622059343 RCS. INTERPRAL - ULYSSE. Forme : Société par actions simplifiée. Adresse : 11 rue des Halles 75001 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
28/02/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1017 - 622 059 343 RCS Paris. INTERPRAL - ULYSSE. Forme : Société par actions simplifiée. Capital : 176400 EUR. Activité : . Adresse du siège social : 11 rue des Halles, 75001 Paris. Commentaires : modification survenue sur le capital (augmentation).
03/01/2012	JAL	Modification of the share capital
Affiches parisiennes (Les) Date de décision : 30/11/2011 La société : 622059343 - INTERPRAL - ULYSSE, 11 RUE DES HALLES, 75001 PARIS 1 a subi une augmentation de son capital social désormais de 176 400 € Date d'effet : 30/11/2011
14/09/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 13944 - 622059343 RCS. INTERPRAL - ULYSSE. Forme : Société par actions simplifiée. Adresse : 11 R DES HALLES 75001 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
16/04/2010	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1941 - 622 059 343 RCS Paris. INTERPRAL - ULYSSE. Forme : Société par actions simplifiée. Enseigne : INTERPRAL. Capital : 165620 EUR. Activité : Agence de fabrique, la commission, le courtage de tous articles et marchandises. Adresse de l’établissement principal : 11 rue des Halles, 75001 Paris. Adresse du siège social : 11 rue des Halles, 75001 Paris. Commentaires : modification survenue sur le nom commercial, l'activité de l'établissement principal, l'adresse du siège et l'adresse de l'établissement.
27/08/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8462 - 622059343 RCS. INTERPRAL - ULYSSE. Forme : Société par actions simplifiée. Adresse : 336-340 rue Saint-Honoré 75001 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
10/03/2009	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1380 - 622 059 343 RCS Paris. INTERPRAL - ULYSSE. Forme : Société par actions simplifiée. Capital : 165620 EUR. Adresse du siège social : 336-340 rue Saint-Honoré, 75001 Paris. Commentaires : modification survenue sur le capital (augmentation) et SOCIETE AYANT PARTICIPE A L'OPERATION DE FUSION : SAS ULYSSE 40 rue des Prouvaires 94525 Rungis cedex RCS 349 101 667 Creteil.
12/10/2008	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 3046 - 622 059 343 RCS Paris. INTERPRAL - ULYSSE. Forme : Société par actions simplifiée. Administration : nomination du Directeur général : Guillou, Geneviève, Commissaire aux comptes titulaire partant : ABITTAN DARMON & ASSOCIES, Commissaire aux comptes suppléant partant : Corrivaux, Daniel. Capital : 100000 EUR. Adresse du siège social : 336-340 rue Saint-Honoré, 75001 Paris. Commentaires : modification survenue sur l'administration.
11/09/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10374 - 622059343 RCS. INTERPRAL - ULYSSE. Forme : Société par actions simplifiée. Adresse : 336-340 rue Saint-Honoré 75001 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
18/12/2007	Bodacc C	Avis de dépôt des comptes
7718 - 622 059 343. RCS Paris INTERPRAL - ULYSSE. Forme: Société par actions simplifiée. Adresse du siège social: 336-340 rue Saint-Honoré 75001 Paris. Comptes annuels et rapports de l'exercice clos le: 31 mars 2007.
17/05/2007	Bodacc B	Modifications et mutations diverses
2287 - RCS Paris B 622 059 343. RC 62-B 5934. INTERPRAL-ULYSSE. Forme : S.A.S. Capital : 100 000 euros. Adresse du siège social : 336-340 rue Saint-Honoré,, 75001 Commentaires : modification survenue sur l'administration. Administration : nomination d'un commissaire aux comptes titulaire : CABINET ERIC MARTIN ET ASSOCIES. Nomination d'un commissaire aux comptes suppléant : CRENN (Jean, Pierre).
01/04/2007	Bodacc C	Avis de dépôt des comptes
7664 - RCS Paris B 622 059 343. RC 62-B 5934. INTERPRAL ULYSSE. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 336-340, R Saint Honoré,Paris, 75001 Paris. Comptes annuels et rapports de l'exercice clos le: 31 mars 2006.
18/03/2007	Bodacc B	Modifications et mutations diverses
1332 - RCS Paris B 622 059 343. RC 62-B 5934. INTERPRAL-ULYSSE. Forme : S.A.S. Capital : 100 000 euros. Adresse du siège social : 336-340 rue Saint-Honoré,, 75001 Commentaires : modification survenue sur la dénomination, le nom commercial et l'administration. Administration : président partant : ZERBIB (Jack, Haiem). Nomination du président : S.A. GROUPE ALLIANCE. Etablissement principal - Nom commercial : Interpral. Adresse : 336-340 rue Saint-Honoré, 75008
28/01/2006	Bodacc C	Avis de dépôt des comptes
4958 - RCS Paris B 622 059 343. RC 62-B 5934. INTERPRAL. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 336, 340, R Saint Honoré,Paris, 75001 Paris. Comptes annuels et rapports de l'exercice clos le: 31 mars 2005.
15/02/2005	Bodacc C	Avis de dépôt des comptes
6131 - RCS Paris B 622 059 343. RC 62-B 5934. INTERPRAL. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 336-340, R Saint Honoré,75001 Paris. Comptes annuels et rapports de l'exercice clos le: 31 mars 2004.
04/04/2003	Bodacc B	Modifications et mutations diverses
RCS Paris B 622059343 RC 62-B 5934 INTERPRAL. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président : ZERBIB (Jack, Haiem). Administrateurs partants : SEYMAN ( Albert) PLANUL (Monique).
16/09/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 622059343 RC 62-B 5934 INTERPRAL. Forme : S.A. Capital : 100 000 euros. Commentaires : modification survenue sur le capital (augmentation).
20/01/2000	Bodacc B	Modifications et mutations diverses
*. RCS Paris B 622 059 343 RC 62-B 5934 INTERPRAL. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : suppression : commissaire aux comptes titulaire : DARMON (Albert). Nomination en qualité de commissaire aux comptes titulaire : ABITTAN DARMON ET ASSOCIES. Suppression : commissaire aux comptes suppléant : GUERIN (Daniel). Nomination en qualité de commissaire aux comptes suppléant : CORRIVAUX (Daniel).
05/02/1999	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 622 059 343 RC RC 62- B 5934 INTERPRAL. Forme : S.A. Adresse du siège social : 336-340, rue Saint-Honoré 75001 Paris Etablissement principal: Adresse : 336-340, rue Saint-Honoré 75008 Paris. Administration : modification : président-directeur général : ZERBIB (Jack, Haiem) Modification : commissaire aux comptes titulaire : DARMON (Albert). Modification : commissaire aux comptes suppléant : GUERIN (Daniel). Commentaires : modification survenue sur l'adresse du siège social, de l' établissement principal et l' administration.

Company events history

Date	Description
26/09/2013	Amendment
26/09/2013	Appointment/resignation of company officers
19/08/2013	Bodacc C : Deposit accounts notice
23/07/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
06/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
20/08/2012	Bodacc C : Deposit accounts notice
13/04/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
28/02/2012	Bodacc B: Various editing or changing
13/02/2012	Capital increase
13/02/2012	Updated articles of association
13/02/2012	Amendment
31/12/2011	New accounts available
30/11/2011	Legal Gazette: Modification of the share capital
21/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
14/09/2010	Bodacc C : Deposit accounts notice
16/04/2010	Bodacc B: Various editing or changing
29/03/2010	Registered office transferred inside jurisdiction of the Commercial Court
29/03/2010	Transfert du Siège dans le ressort du Tribunal de Commerce
29/03/2010	Minutes of general meeting of shareholders
29/03/2010	PV d'Assemblée
29/03/2010	Statuts mis à jour
29/03/2010	Updated articles of association
29/03/2010	Acte modificatif
29/03/2010	Amendment
25/01/2010	Transfer of Establishment
25/01/2010	Update of Company Head Office Identifier
31/12/2009	New accounts available
27/08/2009	Bodacc C : Deposit accounts notice
10/03/2009	New Bodacc B ads detected
10/03/2009	Bodacc B: Various editing or changing
19/02/2009	Augmentation de Capital
19/02/2009	Capital increase
19/02/2009	Private document
19/02/2009	Déclaration de conformité
19/02/2009	Declaration of conformity
19/02/2009	Minutes of general meeting of shareholders
19/02/2009	Statuts mis à jour
19/02/2009	Merger
19/02/2009	Fusion
19/02/2009	Updated articles of association
19/02/2009	Acte modificatif
19/02/2009	Amendment
31/12/2008	New accounts available
15/12/2008	Audit or Management Report
15/12/2008	Private document
12/12/2008	Rapport des Commissaires ou du Gérant
12/12/2008	Audit or Management Report
07/11/2008	Planned merger
07/11/2008	Private document
07/11/2008	Projet de Fusion
12/10/2008	Bodacc B: Various editing or changing
12/10/2008	New Bodacc B ads detected
11/09/2008	Bodacc C : Deposit accounts notice
28/08/2008	Acte modificatif
28/08/2008	Changement de Commissaire aux Comptes
28/08/2008	Updated articles of association
28/08/2008	Statuts mis à jour
28/08/2008	Appointment/resignation of company officers
28/08/2008	Private document
28/08/2008	Minutes of general meeting of shareholders
31/12/2007	New accounts available
12/10/2007	Acte modificatif
12/10/2007	Updated articles of association
12/10/2007	Statuts mis à jour
12/10/2007	Minutes of general meeting of shareholders
12/10/2007	Private document
12/10/2007	New closing date
12/10/2007	Changement de date de clôture
12/04/2007	Private document
12/04/2007	Minutes of general meeting of shareholders
12/04/2007	PV d'Assemblée
12/04/2007	Appointment/resignation of company officers
12/04/2007	Changement de Commissaire aux Comptes
31/03/2007	New accounts available
19/02/2007	Minutes of general meeting of shareholders
19/02/2007	Acte modificatif
19/02/2007	Updated articles of association
19/02/2007	Appointment/resignation of company officers
19/02/2007	Nomination/démission des organes de gestion
19/02/2007	Statuts mis à jour
19/02/2007	New company name
19/02/2007	Changement de dénomination sociale
19/02/2007	Changement de Président (PDG, PCA)
31/03/2006	New accounts available
31/03/2005	New accounts available
31/03/2004	New accounts available
04/04/2003	Update of Company Legal Form
04/04/2003	Modification to Company Identifier
31/03/2003	New accounts available
24/03/2003	Nomination/démission des organes de gestion
24/03/2003	PV d'Assemblée
24/03/2003	Statuts mis à jour
24/03/2003	Acte sous seing privé
24/03/2003	Changement de Président (PDG, PCA)
24/03/2003	Rapport des Commissaires ou du Gérant
24/03/2003	Changement de Forme Juridique avec changement de catégorie
24/03/2003	Changement de Forme Juridique sans changement de catégorie
16/12/2002	Acte modificatif
16/12/2002	Acte sous seing privé
16/12/2002	Nomination/démission des organes de gestion
16/12/2002	PV d'Assemblée
16/12/2002	Changement de Commissaire aux Comptes
03/09/2001	Statuts mis à jour
03/09/2001	Acte sous seing privé
03/09/2001	PV d'Assemblée
03/09/2001	Augmentation de Capital
03/09/2001	Conversion du Capital Social en Euros
07/01/2000	PV du Conseil d'Administration
07/01/2000	PV d'Assemblée
07/01/2000	Changement de Commissaire aux Comptes
07/01/2000	Acte sous seing privé
07/01/2000	Acte modificatif
07/01/2000	Nomination/démission des organes de gestion
21/01/1999	Acte sous seing privé
21/01/1999	Statuts mis à jour
21/01/1999	PV d'Assemblée
21/01/1999	Transfert du Siège dans le ressort du Tribunal de Commerce
19/11/1996	Acte sous seing privé
19/11/1996	Nomination/démission des organes de gestion
19/11/1996	Acte modificatif
19/11/1996	PV d'Assemblée
14/03/1994	Acte modificatif
14/03/1994	PV du Conseil d'Administration
14/03/1994	Nomination/démission des organes de gestion
14/03/1994	Modification du Conseil d'Administration
14/03/1994	PV d'Assemblée

Establishment events history

Date	Description
13/01/2013	Update of phone numbers
26/04/2010	Update of phone numbers
25/01/2010	Formation of Head office (after transfer)
04/04/2003	Update of Establishment Workforce

Directors

Shareholder(s)

Name	S.A. GROUPE ALLIANCE
Name of representative
Manager position	President	Date of birth
Place of birth
Type	Moral person	Name at birth

Name	Mme. GUILLOU GENEVIÈVE
Manager position	Managing director	Date of birth	27/09/1957
Place of birth	SAINT-CLOUD (92210)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	SA GROUPE ALLIANCE	- - -

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.19
UK Pound	1	Rs.103.15
Euro	1	Rs.81.87

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NNA

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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