MIRA INFORM REPORT

Report Date :

29.07.2014

IDENTIFICATION DETAILS

Name :	VOILE DE COTON
Registered Office :	C0 Sci Lino Imm Activite Le Soleil, 1820 Che De Saint Bernard, 06220 Vallauris
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	November 2007
Com. Reg. No.:	RCS Antibes 0 500 948 831
Legal Form :	Limited Liability Company
Line of Business :	· Engaged in Retailing & Wholesaling of Clothing, Leisure and Home Objects, Audiovisual Trade Clothing Sporting Goods, Lingerie, Leather Goods, Shoes, Souvenirs, Video Cassettes, Magnetic Tape Cassettes, Television and Radio, High Fidelity & Various Trinkets Engaged in Retail sale of Ready to Wear Fashion Accessories Leather Products
No of Employees :	13 (31.12.2012)

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	Slow but Correct
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – June 01, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

REGISTERED NAME & COMPANY SUMMARY

Name

VOILE DE COTON

SIRET

500 948 831 00010

Company summary

		EUR VAT Number	FR91500948831
Activity (APE)	· Engaged in Retailing & Wholesaling of Clothing, Leisure and Home Objects, Audiovisual Trade Clothing Sporting Goods, Lingerie, Leather Goods, Shoes, Souvenirs, Video Cassettes, Magnetic Tape Cassettes, Television and Radio, High Fidelity & Various Trinkets Engaged in Retail sale of Ready to Wear Fashion Accessories Leather Products	Legal form	Limited Liability Company
Address	VOILE DE COTON C0 SCI LINO IMM ACTIVITE LE SOLEIL 1820 CHE DE SAINT BERNARD 06220 VALLAURIS	RCS Registration	RCS Antibes 0 500 948 831
Nationality	France	Share capital	56,000 Euros
		Incorporated Date	11/2007
		Status	Economically active

DIRECTORS/MANAGEMENT

Directors

Name	CASSAGNERES JEAN-MARC
Manager position	Manager	Date of birth	31/01/1970
Place of birth	MONTBÉLIARD (25)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Manager	JEAN-MARC CASSAGNERES	1/31/1970 - MONTBÉLIARD (25)

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

56,000 Euros

FINANCIAL INFORMATION

Trading to Date	12/31/2012	12/31/2011
Turnover	1,854,239 €	1,877,428 €
Gross Operating Surplus	-2.73 % Turnover	-10.07 % Turnover
Shareholders’ equity	28,183 €	28,183 €
Net result	0 €	0 €

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	Simple
Date of capture	07/06/2013	16/11/2012	15/07/2011
Activity Code	4690Z	4690Z	4690Z
Employees	13	12	0

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Capital not called	0	0%	0	-	-	0	0%
Total fixed assets	872,877	1.8%	857,112	0%	0	6,726	12877.7%
- Intangible assets	818,541	-0.2%	819,964	0%	0	0	0%
- Tangible assets	54,336	46.3%	37,148	0%	0	1,952	2683.6%
- Financial assets	0	0%	0	0%	0	85	0%
Net current assets	963,229	86.5%	516,490	70.4%	303,059	114,753	739.4%
- Stocks	304,527	68.0%	181,275	1134.9%	14,679	9,071	3257.1%
- Advanced payments	275,047	86.5%	0	0%	0	0	0%
- Receivables	297,588	-5.7%	315,481	600.4%	45,041	39,120	660.7%
- Securities and cash	86,067	336.1%	19,734	-90.4%	205,150	17,880.50	381.3%
- Prepaid expenses	-	-	-	-	38,189	0	-
Accounts of regularization	0	0%	0	-	-	0	0%
Total Assets	1,836,107	33.7%	1,373,603	353.2%	303,059	140,142	1210.2%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Shareholders' equity	28,183	0%	28,183	0%	28,183	33,083	-14.8%
Share capital	56,000	0%	56,000	0%	56,000	8,000	600%
Other capital resources	0	0%	0	-	-	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1,807,924	34.4%	1,345,420	389.5%	274,875	93,414	1835.4%
- Financial liabilities	1,606,524	43.2%	1,121,815	0%	0	7,698	20769.4%
- Advanced payments received	1,672	0%	0	0%	8,120	0	0%
- Trade account payables	107,033	-36.0%	167,189	157.8%	64,840	22,663	372.3%
- Tax and social liabilities	89,526	66.3%	53,834	-	-	19,912	349.6%
- Other debts and fixed assets liabilities	3,169	22.7%	2,582	-98.7%	201,915	4,225	-25.0%
Account regularization	0	0%	0	-	-	0	0%
Total liabilities	1,836,107	33.7%	1,373,603	353.2%	303,058	140,142.50	1210.2%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Sales of Goods	1,856,605	-1.1%	1,877,509	93875350.0%	02	224,722	726.2%
Net turnover	1,854,239	-1.2%	1,877,428	0%	0	221,742.50	736.2%
- of which net export turnover	235,346	-32.8%	350,338	0%	0	0	0%
Operating charges	1,928,589	-7.2%	2,077,523	23959.3%	8,635	220,338	775.3%
Operating profit/loss	-71,984	64.0%	-200,014	-2216.9%	-8,633	4,706.50	-1629.5%
Financial income	0	0%	42,880	0%	0	0	0%
Financial charges	22,259	328.5%	5,195	0%	0	268.50	8190.1%
Financial profit/loss	-22,259	-159.1%	37,685	0%	0	-37	-60059.5%
Pretax net operating income	-94,243	41.9%	-162,328	-1780.3%	-8,633	4,166.50	-2361.9%
Extraordinary income	97,448	-42.5%	169,410	1169.7%	13,342	0	0%
Extraordinary charges	3,207	-54.7%	7,081	0%	0	45	7026.7%
Extraordinary profit/loss	94,241	-41.9%	162,328	1116.7%	13,342	0	0%
Net result	0	0%	0	0%	4,709	4,433.50	0%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011
Grand Total (I to VI)	Net	1,836,107	33.7%	1,373,603
Gross	CO	1,863,488	34.7%	1,383,773
Amortisation	1A	27,381	169.2%	10,170

Non declared distributed capital (I)

		31/12/2012		31/12/2011
Non declared distributed capital (I)	AA3	0	0%	0
Gross	AA	0	0%	0

Active fixed asset (II)

		31/12/2012		31/12/2011
Total Active fixed asset (II)	Net	872,877	1.8%	857,112
Gross	BJ	900,258	3.8%	867,282
Amortisation	BK	27,381	169.2%	10,170

Intangible fixed assets

			31/12/2012		31/12/2011
	Start-up cost	Net	0	0%	0
	Gross	AB	0	0%	0
	Amortisation	AC	0	0%	0
	R & D expenses	Net	0	0%	0
	Gross	CX	0	0%	0
	Amortisation	AE	0	0%	0
	Distributorships, patents	Net	1,541	-48.0%	2,964
	Gross	AF	4,268	0%	4,268
	Amortisation	AG	2,727	109.1%	1,304
	Goodwill	Net	817,000	0%	817,000
	Gross	AH	817,000	0%	817,000
	Amortisation	AI	0	0%	0
	Other intangible fixed assets	Net	0	0%	0
	Gross	AJ	0	0%	0
	Amortisation	AK	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0
	Gross	AL	0	0%	0
	Amortisation	AM	0	0%	0
Sub Total Intangible Assets		Net	818,541	-0.2%	819,964

Tangible fixed assets

		31/12/2012		31/12/2011
Lands	Net	0	0%	0
Gross	AN	0	0%	0
Amortisation	AO	0	0%	0
Buildings	Net	0	0%	0
Gross	AP	0	0%	0
Amortisation	AQ	0	0%	0
Plant	Net	2,349	-36.4%	3,693
Gross	AR	3,935	0%	3,935
Amortisation	AS	1,586	555.4%	242
Other tangible fixed assets	Net	51,987	55.4%	33,455
Gross	AT	75,055	78.4%	42,079
Amortisation	AU	23,068	167.5%	8,624
Fixed assets in construction	Net	0	0%	0
Gross	AV	0	0%	0
Amortisation	AW	0	0%	0
Advances and payments on account	Net	0	0%	0
Gross	AX	0	0%	0
Amortisation	AY	0	0%	0
Sub Total Tangible asset	Net	54,336		37,148

Financial assets

		31/12/2012		31/12/2011
Associates at equity	Net	0	0%	0
Gross	CS	0	0%	0
Amortisation	CT	0	0%	0
Other participations	Net	0	0%	0
Gross	CU	0	0%	0
Amortisation	CV	0	0%	0
Inter-company receivables	Net	0	0%	0
Gross	BB	0	0%	0
Amortisation	BC	0	0%	0
Other investment securities	Net	0	0%	0
Gross	BD	0	0%	0
Amortisation	BE	0	0%	0
Loans	Net	0	0%	0
Gross	BF	0	0%	0
Amortisation	BG	0		0
Other financial assets	Net	0	0%	0
Gross	BH	0	0%	0
Amortisation	BI	0	0%	0
Sub Total Financial Assets		0		0

Current Assets (III)

		31/12/2012		31/12/2011
Total Assets	Net	963,229	86.5%	516,490
Gross	CJ	963,229	86.5%	516,490
Amortisation	CK	0	0%	0

Stocks

		31/12/2012		31/12/2011
Raw materials	Net	0	0%	0
Gross	BL	0	0%	0
Amortisation	BM	0	0%	0
Work in progress (goods)	Net	0	0%	0
Gross	BN	0	0%	0
Amortisation	BO	0	0%	0
Work in progress (services)	Net	0	0%	0
Gross	BP	0	0%	0
Amortisation	BQ	0	0%	0
Semi-finished and finished products	Net	0	0%	0
Gross	BR	0	0%	0
Amortisation	BS	0	0%	0
Goods for resale	Net	304,527	68.0%	181,275
Gross	BT	304,527	68.0%	181,275
Amortisation	BU	0	0%	0
Sub Total Stocks	Net	304,527	68.0%	181,275

Advance payments to suppliers

		31/12/2012		31/12/2011
Advance payments to suppliers	Net	275,047	0%	0
Gross	BV	275,047	0%	0
Amortisation	BW	0	0%	0

Debtors

		31/12/2012		31/12/2011
Trade accounts receivable	Net	77,981	43.4%	54,380
Gross	BX	77,981	43.4%	54,380
Amortisation	BY	0	0%	0
Other debtors	Net	4,974	-94.1%	84,283
Gross	BZ	4,974	-94.1%	84,283
Amortisation	CA	0	0%	0
Capital subscribed and called up	Net	0	0%	0
Gross	CB	0	0%	0
Amortisation	CC	0	0%	0
Sub Total Debtors	Net	82,955	-40.2%	138,663

Divers

		31/12/2012		31/12/2011
Investment securities	Net	0	0%	0
Gross	CD	0	0%	0
Amortisation	CE	0	0%	0
Cash and cash equivalents	Net	86,067	336.1%	19,734
Gross	CF	86,067	336.1%	19,734
Amortisation	CG	0	0%	0
Sub Total Divers	Net	86,067	336.1%	19,734

Prepaid expenses

		31/12/2012		31/12/2011
Prepaid expenses	Net	214,633	21.4%	176,818
Gross	CH	214,633	21.4%	176,818
Amortisation	CI	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2011
Multi-period charges	CW3	0	0%	0
Gross		0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0
Gross		0	0%	0
Currency differential gain	CN3	0	0%	0
Gross		0	0%	0

References

		31/12/2012		31/12/2011
Due within one year	CP	0	0%	0
Due after one year	CR	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
Grand Total (I to V)	EE	1,836,107	33.7%	1,373,603

Shareholder Equity (I)

		31/12/2012		31/12/2011
Total shareholders' equity (Total I)	DL	28,183	0%	28,183
Equity and shareholders' equity	DA	56,000	0%	56,000
Issue and merger premiums	DB	0	0%	0
Revaluation differentials	DC	0	0%	0
Of which equity differential	EK	0	0%	0
Legal reserve	DD	200	0%	200
Statutory or contractual reserve	DE	0	0%	0
Special regulated reserves	DF	0	0%	0
Of which special reserve of provisions for current fluctuation	B1	0	0%	0
Other reserves	DG	0	0%	0
Of which reserve for buying originals works from alive artists	EJ	0		0	0%
Profits or losses brought forward	DH	-28,017	0%	-28,017
Profit or loss for the period	DI	0	0%	0
Investment grants	DJ	0	0%	0
Special tax-allowable reserves	DK	0	0%	0

Other capital resources (II)

		31/12/2012		31/12/2011
Total other capital resources (Total II)	DO	0	0%	0
Income from participating securities	DM	0	0%	0
Conditional loans	DN	0	0%	0

Provisions for risks and charges (III)

		31/12/2012		31/12/2011
Total provisions for risks and charges (Total III)	DR	0	0%	0
Risk provisions	DP	0	0%	0
Reserves for charges	DQ	0	0%	0

Liabilities (IV)

		31/12/2012		31/12/2011
Total Liabilities (Total IV)	EC	1,807,924	34.4%	1,345,420
Convertible debentures	DS	0	0%	0
Other debentures	DT	0	0%	0
Bank loans and liabilities	DU	629,444	44.3%	436,197
Sundry loans and financial liabilities	DV	977,080	42.5%	685,618
Of which participating loans	EI	0	0%	0
Advance payments received for current orders	DW	1,672	0%	0
Trade accounts payables	DX	107,033	-36.0%	167,189
Tax and social security liabilities	DY	89,526	66.3%	53,834
Fixed asset liabilities	DZ	0	0%	0
Other debts	EA	3,169	22.7%	2,582

Translation loss (V)

		31/12/2012		31/12/2011
Translation loss (Total V)	ED	0	0%	0

Equalization accounts

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

References

		31/12/2012		31/12/2011
Of which tax-allowable reserve	EF	0	0%	0
Deferred income and liabilities	EG	1,432,687	48.3%	965,976
Of which current bank facilities	EH	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Result account
Sales of Goods | Operating charges | Operating charges | Financial income | Financial charges | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result(I-II)

		31/12/2012		31/12/2011
Operating result (Total I-II)	GG	-71,984	64.0%	-200,014

2 -Financial result(V - VI)

		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	-22,259	-159.1%	37,685

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

		31/12/2012		31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-94,243	41.9%	-162,328

4 -Extraordinary result(VII-VIII)

		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	94,241	-41.9%	162,328

Profit or loss

		31/12/2012		31/12/2011
Profit or loss	HN	0	0%	0

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	1,954,053	-6.5%	2,089,800

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

		31/12/2012		31/12/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	1,954,053	-6.5%	2,089,800

Operating income(I)

		31/12/2012		31/12/2011
Total operating income (Total I)	FR	1,856,605	-1.1%	1,877,509

Operating income (details)

		31/12/2012		31/12/2011
Sale of goods for resale	FC	1,837,966	-1.2%	1,859,606
France	FA	1,614,613	6.1%	1,522,426
Export	FB	223,353	-33.8%	337,180
Sale of goods produced	FF	0	0%	0
France	FD	0	0%	0
Export	FE	0	0%	0
Sale of services	FI	16,273	-8.7%	17,822
France	FG	4,280	-8.2%	4,664
Export	FH	11,993	-8.9%	13,158
Net turnover	FL	1,854,239	-1.2%	1,877,428
France	FJ	1,618,893	6.0%	1,527,090
Export	FK	235,346	-32.8%	350,338
Stocked production	FM	0	0%	0
Self-constructed assets	FN	0	0%	0
Operating grants	FO	2,366	0%	0
Release of reserves and provisions	FP	0	0%	0
Other income	FQ	0	0%	81

Operating charges(II)

		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	1,928,589	-7.2%	2,077,523

Exploitation charges

		31/12/2012		31/12/2011
Purchase of goods for resale	FS	1,183,552	-5.3%	1,250,299
Change in stocks of goods for resale	FT	-123,252	26.0%	-166,596
Purchase of raw materials	FU	6,277	-65.5%	18,176
Change in stocks of raw materials	FV	0	0%	0
Other external purchases and charges	FW	395,506	4.3%	379,254
Tax, duty and similar payments	FX	31,818	34.4%	23,682
Payroll	FY	311,401	-25.8%	419,577
Social security costs	FZ	101,952	-28.3%	142,181

Depreciation

		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	17,211	69.2%	10,170
Amortisation of fixed assets	GB	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0
Provisions for risks and charges	GD	0	0%	0

Other charges

		31/12/2012		31/12/2011
Other charges	GE	4,124	428.7%	780

Operating charges (III-IV)

		31/12/2012		31/12/2011
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0

Financial income(V)

		31/12/2012		31/12/2011
Total financial income (Total V)	GP	0	0%	42,880
Share financial income	GJ	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0
Other interest and similar income	GL	0	0%	659
Released provisions and transferred charges	GM	0	0%	0
Exchange gains	GN	0	0%	42,222
Net income from disposal of investment securities	GO	0	0%	0

Financial Charge (VI)

		31/12/2012		31/12/2011
Total financial charge (Total VI)	GU	22,259	328.5%	5,195
Financial reserves and provisions	GQ	0	0%	0
Interest and similar charges	GR	22,259	328.5%	5,195
Exchange losses	GS	0	0%	0
Net loss from disposal of investment securities	GT	0	0%	0

Extraordinary income(VII)

		31/12/2012		31/12/2011
Total extraordinary income (Total VII)	HD	97,448	-42.5%	169,410
Extraordinary operating income	HA	97,448	-42.5%	169,410
Extraordinary income from capital transactions	HB	0	0%	0
Released provisions and transferred charges	HC	0	0%	0

Extraordinary charges(VIII)

		31/12/2012		31/12/2011
Total extraordinary charges (Total VIII)	HH	3,207	-54.7%	7,081
Extraordinary operating charges	HE	3,207	-54.7%	7,081
Extraordinary charges from capital transactions	HF	0	0%	0
Extraordinary reserves and provisions	HG	0	0%	0

Employee profit sharing(IX)

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

Tax on profits(X)

		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	0	0%	0

References

		31/12/2012		31/12/2011
Of which equipment leases	HP	0	0%	0
Of which property leases	HQ	0	0%	0
Of which transferred charges	A1	0	0%	0
Of which trader's own contributions	A2	1,612	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0
Of which royalties on licences and patents (charges)	A4	3,407	572.0%	507

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
Gross value at begin of period	OG	0	0%	0
Increases due to revaluation	OH	0	0%	0
Decreases, acquisitions, creations, contributions	OJ	0	0%	0
Decreases by budget item transfer	OK1	0	0%	04
Decreases by transfers	OK2	0	0%	0
Gross value at the end of period	OL	900,258	3.8%	867,282

Research and development Charge (Total I)

		31/12/2012		31/12/2011
Gross value at begin of period	CZ	0	0%	0
Increases due to revaluation	KB	0	0%	0
Increases, acquisitions, creations, contributions	KC	0	0%	0
Decreases by budget item transfer	C01	0	0%	0
Decreases by transfers	C02	0	0%	0
Gross value at the end of period	D0	0	0%	0

Other budget item from Intangible fixed assets(Total II)

		31/12/2012		31/12/2011
Gross value at begin of period	KD	821,268	0%	0
Increases due to revaluation	KE	0	0%	0
Increases, acquisitions, creations, contributions	KF	0	0%	821,268
Decreases by budget item transfer	LV1	0	0%	0
Decreases by transfers	LV2	0	0%	0
Gross value at the end of period	LW	821,268	0%	821,268

Tangible fixed assets (Total III)

		31/12/2012		31/12/2011
Gross value at begin of period	LN	46,014	0%	0
Increases due to revaluation	LO	0	0%	0
Increases, acquisitions, creations, contributions	LP	32,976	-28.3%	46,014
Decreases by budget item transfer	NG1	0	0%	0
Decreases by transfers	NG2	0	0%	0
Gross value at the end of period	NH	78,990	71.7%	46,014

Financial assets (Total IV)

		31/12/2012		31/12/2011
Gross value at begin of period	LQ	0	0%	0
Increases due to revaluation	LR	0	0%	0
Increases, acquisitions, creations, contributions	LS	0	0%	0
Decreases by budget item transfer	NJ1	0	0%	03
Decreases by transfers	NJ2	0	0%	0
Gross value at the end of period	NK	0	0%	0

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

			31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	0N	0	0%	0
Increases		0P	0	0%	0
Decreases		0Q	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0

Research and development charge (Total I)

			31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	CY	0	0%	0
Increases		PB	0	0%	0
Decreases		PC	0	0%	0
	Decreases by budget item transfer	PD	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	PE	1,304	0%	0
Increases		PF	1,423	9.1%	1,304
Decreases		PG	0	0%	0
	Decreases by budget item transfer	PH	2,727	109.1%	1,304

Total fixed assets amortisation(Total III)

			31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	8,866	0%	0
Increases		QV	15,788	78.1%	8,866
Decreases		QW	0	0%	0
	Decreases by budget item transfer	QX	24,654	178.1%	8,866

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2011
	Gross value at begin of period	Z91	0	0%	0
Increases		Z92	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0
	Decreases by budget item transfer	B1	0	0%	0

Premium refund of obligations

			31/12/2012		31/12/2011
	Net value at beginning of period	SP1	0	0%	0
Increases		SP2	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0
	Net value at the end of period	SR	0	0%	0

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

			31/12/2012		31/12/2011
	Value at beginning of period	7C	0	0%	0
Increases		UB	0	0%	0
Decreases		UC	0	0%	0
	Value at the end of period	UD	0	0%	0

Includes Total allocations

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

Includes Total Withdrawal

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

Total regulated provisions (Total I)

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

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011
	Value at beginning of period	5Z	0	0%	0
Increases		TV	0	0%	0
Decreases		TW	0	0%	0
	Value at the end of period	TX	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011
	Value at beginning of period	7B	0	0%	0
Increases		TY	0	0%	0
Decreases		TZ	0	0%	0
	Value at the end of period	UA	0	0%	0

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

		31/12/2012		31/12/2011
Gross value	VT	297,588	-5.7%	315,481
1 year at most	VU	297,588	-5.7%	315,481
More than one year	VV	0	0%	0

State of loans

		31/12/2012		31/12/2011
Claims related to holdings (gross)	UL	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0
Loans (gross)	UP	0	0%	0
Loans (1 year at most)	UR	0	0%	0
Other financial assets (gross)	UT	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011
Customers doubtful or disputed	VA	0	0%	0
Other claims customer	UX	77,981	43.4%	54,380
Receivables represent Loaned Securities	UU	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0
Personnel and associated accounts	UY	0	0%	0
Social Security and other social organizations	UZ	2,382	0%	0
Income taxes	VM	0	0%	0
Value added tax	VB	2,099	-90.7%	22,548
Other taxes and payments assimilated	VN	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0
Group and Associates	VC	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	492	-99.2%	61,735

Prepaid

		31/12/2012		31/12/2011
Prepaid	VS	214,633	21.4%	176,818

State Debt

			31/12/2012		31/12/2011
	Total debt (gross)	VY	1,806,251	34.3%	1,345,420
1 year at most		VZ2	1,431,014	48.1%	965,975
More than 1 year and 5 years at most		VZ3	320,144	26.2%	253,662
More than 5 years		VZ4	55,093	-56.2%	125,783

Details

			31/12/2012		31/12/2011
	Convertible bonds (gross)	7Y1	0	0%	0
1 year at most		7Y2	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0
1 year at most		7Z2	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0
1 year at most		VG2	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	629,444	44.3%	436,197
1 year at most		VH2	254,207	347.9%	56,752
More than 1 year and 5 years at most		VH3	320,144	26.2%	253,662
	Loans and various financial liabilities (gross)	8A1	0	0%	0
1 year at most		8A2	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0
	Suppliers and associated accounts (gross)	8B1	107,033	-36.0%	167,189
1 year at most		8B2	107,033	-36.0%	167,189
More than 1 year and 5 years at most		8B3	107,033	-36.0%	167,189
	Personnel and associated accounts (gross)	8C1	4,613	18352.0%	25
1 year at most		8C2	4,613	18352.0%	25
More than 1 year and 5 years at most		8C3	0	0%	0
	Social Security and other social organizations (gross)	8D1	71,120	58.4%	44,904
1 year at most		8D2	71,120	58.4%	44,904
More than 1 year and 5 years at most		8D3	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0
1 year at most		8E2	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0
	VAT (gross)	VW1	2,246	-46.4%	4,190
1 year at most		VW2	2,246	-46.4%	4,190
More than 1 year and 5 years at most		VW3	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0
1 year at most		VX2	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0
	Other taxes and assimilated (gross)	VQ1	11,547	145.0%	4,714
1 year at most		VQ2	11,547	145.0%	4,714
More than 1 year and 5 years at most		VQ3	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0
1 year at most		8J2	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0
More than 5 years		8J4	0	0%	0
	Groups and associates (gross)	VI1	977,080	42.5%	685,618
1 year at most		VI2	977,080	42.5%	685,618
More than 1 year and 5 years at most		VI3	0	0%	0
More 5 years		VI4	0	0%	0
	Other liabilities (gross)	8K1	3,169	22.7%	2,582
1 year at most		8K2	3,169	22.7%	2,582
More than 1 year and 5 years at most		8K3	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0
1 year at most		SZ2	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0
	Products in advance (gross)	8L1	0	0%	0
1 year at most		8L2	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0

References

		31/12/2012		31/12/2011
Loans made during the period	VJ	0	0%	450,000
Debt repaid during the period	VK	0	0%	13,803

Table allocation results and other information
Dividends distributed

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

Commitments

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

Other charges Externes

		31/12/2012		31/12/2011
Subcontracting	YT	5,850	0%	0
Rentals, rental charges and condominiums	XQ	167,701	-13.7%	194,293
Staff outside the company	YU	700	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	19,558	-16.8%	23,512
Fees, commissions and brokerage	YV	2,000	0%	0
Other accounts	ST	199,696	23.7%	161,450
Total Other purchases and external	ZJ	395,505	1570.1%	379,255

Taxes and Fees

		31/12/2012		31/12/2011
Business tax	YW	10,644	371.0%	2,260
Other taxes and payments assimilated	9Z	21,171	-1.2%	21,422
Total taxes and fees	YX	31,815	34.3%	23,682

VAT

		31/12/2012		31/12/2011
Amount VAT collected	YY	328,328	9.7%	299,305
Total VAT on goods and services	YZ	130,805	-56.2%	298,814

Average number of employees

		31/12/2012		31/12/2011
Average number of employees	YP	13	8.3%	12

Groups and Shareholders

		31/12/2012		31/12/2011
Groups and Shareholders	ZR	0	-	0

Display parameter
Comparison mode	Average	Median

Ratios
Structure and liquidity | Management or rotation | Profitability of the business | Return on capital

Structure and Liquidity

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Fixed Asset Financing	1.85	38.1%	1.34	-		3.01	-38.5%
Global Debt	351days	36.0%	258days	-	days	123days	185.4%
Working Capital Fund overall net	148days	164.3%	56days	-	days	56days	164.3%
Financial independence	4.48%	-30.7%	6.46%	-	%	233.96%	-98.1%
More ratios
Solvability	1.53%	-25.4%	2.05%	-78.0%	9.30%	27.49%	-94.4%
Capacity debt futures	11.09%	-77.7%	49.66%	-	%	644.35%	-98.3%
Coverage of current assets by net working capital overall	101.77%	18.0%	86.23%	710.4%	10.64%	39.05%	160.6%
General Liquidity	0.21	-36.4%	0.33	106.2%	0.16	0.58	-63.8%
Restricted Liquidity	0.27	-22.9%	0.35	-61.5%	0.91	1.02	-73.5%

Management or rotation

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Need background in operating working capital	90days	400%	18days	-	days	14days	542.9%
Treasury	17days	325.0%	4days	-	days	5days	240.0%
Inventory turnover of goods	103days	71.7%	60days	-	days	44days	134.1%
Average length of credit granted to customers	13days	44.4%	9days	-	days	44days	-70.5%
Average length of credit obtained suppliers	24days	-29.4%	34days	-97.1%	1185days	51days	-52.9%
More ratios
Inventory turnover of raw materials in industrial enterprises	0days	0%	0days	-	days	0days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	1660.50days	-
Rotation tangible assets	2347.44%	-42.5%	4080.12%	-	%	2089.39%	12.4%

Profitability of the business

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Margin trading	41.94%	1.5%	41.33%	-		22.84%	83.6%
Profitability of the business	-2.73	72.9%	-10.07	-		3.38%	-180.8%
Net profit	0%	0%	0%	-	%	1.82%	0%
More ratios
Growth rate of turnover (excluding VAT)	-1.24%	-	%	-	%	1.16%	-206.9%
Rates integration	21.15%	0.2%	21.11%	-	%	17.87%	18.4%
Rate leasing furniture	0%	0%	0%	-	%	0%	0%
Work Factor	104.99%	-25.9%	141.75%	4657.9%	-3.11%	55.70%	88.5%
Weight interests	1.20	328.6%	0.28%	-	%	0.12%	900%

Return on capital

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Cash flow from the overall profitability	0.93%	72.2%	0.54%	-	%	2.85%	-67.4%
Rates of economic profitability	-3%	81.2%	-16%	47.8%	-30.64%	16%	-118.8%
Financial profitability	28183%	0%	28183%	168559.5%	16.71%	6109%	361.3%
Return on investment	1.36%	202.2%	0.45%	-97.3%	16.71%	11.93%	-88.6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Turnover	1,854,239	-1.2%	1,877,428	0%	0	221,742 €	736.2%

Sales of goods	1,837,966	-1.2%	1,859,606	0%	0
- Purchase of goods	1,183,552	-5.3%	1,250,299	8417.6%	14,679
+/- Stock of goods variation	-123,252	26.0%	-166,596	-1034.9%	-14,679
Trading margin	777,666 €	0.2%	775,903 €	0%	0 €	39,792.50 €	1854.3%
	41.94 % CA	1.5%	41.33 % CA	-	% CA	25.64 % CA	63.6%

Sale of goods produced	16,273	-8.7%	17,822	0%	0
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	16,273 €	-8.7%	17,822 €	0%	0 €	9,644 €	68.7%
	0.88 % CA	-7.4%	0.95 % CA	-	% CA	6.56 % CA	-86.6%

Trading margin	777,666	0.2%	775,903	0%	0	39,792.50	1854.3%
+ Period Production	16,273	-8.7%	17,822	0%	0	9,644	68.7%
- Purchase of raw materials	6,277	-65.5%	18,176	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	395,506	4.3%	379,254	4720.8%	7,867
Added value	392,156 €	-1.0%	396,295 €	5137.4%	-7,867 €	44,300 €	785.2%
	21.15 % CA	0.2%	21.11 % CA	-	% CA	17.87 % CA	18.4%

Added value	392,156 €	-1.0%	396,295 €	5137.4%	-7,867 €	44,300 €	785.2%
+ Operating grants	2,366	0%	0	0%	0
- Tax, duty and similar payments	31,818	34.4%	23,682	4428.1%	523
- Personal charges	413,353	-26.4%	561,758	229189.0%	245
Gross operating surplus	-50,649 €	73.2%	-189,145 €	-2090.4%	-8,635 €	7,134 €	-810.0%
	-2.73 % CA	72.9%	-10.07 % CA	-	% CA	3.38 % CA	-180.8%

Gross operating surplus	-50,649 €	73.2%	-189,145 €	-2090.4%	-8,635 €	7,134 €	-810.0%
+ Release of reserves and provisions	0	0%	0	-	-
+ Other operating income	0	0%	81	3950.0%	02
- Depreciation/Amortisation	17,211	69.2%	10,170	0%	0
- Other charges	4,124	428.7%	780	0%	0
Operating result	-71,984 €	64.0%	-200,014 €	-2216.9%	-8,633 €	4,706.50 €	-1629.5%
	-3.88 % CA	63.6%	-10.65 % CA	-	% CA	2.34 % CA	-265.8%

Operating result	-71,984 €	64.0%	-200,014 €	-2216.9%	-8,633 €	4,706.50 €	-1629.5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	-	-
+ Financial income	0	0%	42,880	0%	0
- Financial charges	22,259	328.5%	5,195	0%	0
Pre-tax result	-94,243 €	41.9%	-162,329 €	-1780.3%	-8,633 €	4,162 €	-2364.4%
	-5.08 % CA	41.3%	-8.65 % CA	-	% CA	2.05 % CA	-347.8%

Extraordinary income	97,448	-42.5%	169,410	1169.7%	13,342	0	0%
- Extraordinary charges	3,207	-54.7%	7,081	0%	0
Extraordinary result	94,241 €	-41.9%	162,329 €	1116.7%	13,342 €	0 €	0%
	5.08 % CA	-41.3%	8.65 % CA	-	% CA	0 % CA	0%

Pre-tax result	-94,243 €	41.9%	-162,329 €	-1780.3%	-8,633 €	4,162 €	-2364.4%
Extraordinary result	94,241 €	-41.9%	162,329 €	1116.7%	13,342 €	0 €	0%
- Employee profit sharing	0	0%	0	-	-
- Tax on profits	0	0%	0	0%	0
Net result	-02 €	0%	0 €	0%	4,709 €	4,427 €	-100.0%
	0.00 % CA	0%	0.00 % CA	-	% CA	1.82 % CA	0%

ADDITIONAL INFORMATION

Company details

Activity (APE)	· Engaged in Retailing & Wholesaling of Clothing, Leisure and Home Objects, Audiovisual Trade Clothing Sporting Goods, Lingerie, Leather Goods, Shoes, Souvenirs, Video Cassettes, Magnetic Tape Cassettes, Television and Radio, High Fidelity & Various Trinkets Engaged in Retail sale of Ready to Wear Fashion Accessories Leather Products
RCS Registration	RCS Antibes 0 500 948 831	Share capital	56,000 Euros
Registration Court	Antibes (06)	Legal form	Limited Liability Company
Court Registry Number	20 0 7B01338	EUR VAT Number	FR91500948831
Incorporation Date	11/2007	Formation Date	11/2007
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	· Engaged in Retailing & Wholesaling of Clothing, Leisure and Home Objects, Audiovisual Trade Clothing Sporting Goods, Lingerie, Leather Goods, Shoes, Souvenirs, Video Cassettes, Magnetic Tape Cassettes, Television and Radio, High Fidelity & Various Trinkets Engaged in Retail sale of Ready to Wear Fashion Accessories Leather Products
Postal Address	VOILE DE COTON C0 SCI LINO IMM ACTIVITE LE SOLEIL 1820 CHE DE SAINT BERNARD 06220 VALLAURIS	Trading Address	1820 CHEMIN DE SAINT BERNARD 06220 VALLAURIS

Type	Head office	Status	Economically active
Formation Date	11/2007	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Retail trade	Activity Location	Store
Location surface		Seasonality

Department	Alpes-Maritimes (06)	Region	Côte d'Azur
District	1	Area	35
City	VALLAURIS	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	4 branch entities in this company
Head office	> VOILE DE COTON <<<  - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in VALLAURIS  (06220)
Secondary establishments	>  VOILE DE COTON - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in NICE  (06300) > VOILE DE COTON - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in ANTIBES  (06600) >  VOILE DE COTON - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in COLLIOURE   (66190) >  VOILE DE COTON - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in SAINT TROPEZ   (83990) > ...

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

13 (31.12.2012)

Company workforce

13 (31.12.2012)

Preferential rights details and history

Status of collection

This company is not under monitoring

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
29/06/2013	Bodacc C	Comptes annuels et rapports
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE D'ANTIBES 579 - 500948831 RCS. VOILE DE COTON. Forme : Société à responsabilité limitée. Adresse : 1820 chemin de Saint-bernard C/0 Sci Lino Immeuble d' Activité "le Soleil" 6220 Vallauris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
19/10/2012	Bodacc C	Comptes annuels et rapports
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE D'ANTIBES 1245 - 500948831 RCS. VOILE DE COTON. Forme : Société à responsabilité limitée. Adresse : 1820 chemin de Saint-bernard C/0 Sci Lino Immeuble d' Activité "le Soleil" 6220 Vallauris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
09/03/2011	Bodacc B	Modification et mutation diverse
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE D'ANTIBES 90 - 500 948 831 RCS Antibes. VOILE DE COTON. Forme : Société à responsabilité limitée. Capital : 56000 EUR. Activité : . Commentaires : Modification survenue sur le capital.
27/02/2011	Bodacc A	Vente et cession : Acheteur
66 - PYRENEES-ORIENTALES GREFFE DU TRIBUNAL DE COMMERCE DE PERPIGNAN 704 - 500 948 831 RCS Perpignan. VOILE DE COTON. Forme : Société à responsabilité limitée. Adresse : 1820 chemin de Saint Bernard, C O Sci Lino, 6220 Vallauris. Origine du fonds : Etablissement secondaire acquis par achat au prix stipulé de 250.000,00 EUR. Etablissement : Etablissement secondaire. Activité : commerce de détail de prêt à porter et d'accessoires. Adresse : 19 rue Saint Vincent, 1 rue Pasteur, 66190 Collioure. Précédent propriétaire : BCC FRANCE. 410 646 244 RCS Perpignan. A dater du : 17/02/2011. Date de commencement de l’activité : 01/01/2011. Publication légale : PARJAL du 05/02/2011. Oppositions : au siège du fonds vendu 1820 Chemin Saint Bernard s/sci LINO 06220 VALLAURIS et CHEZ BENESTAN FLORI GANTOIS AVOCAT AVENUE PAUL ROUSSEL 83990 ST TROPEZ. Descriptif : Achat ou apport. Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale. Date d’effet : 01/01/2011.
18/02/2011	JAL	Modification of the share capital
Tribune (La) - Le bulletin de la côte d'azur Date de décision : 31/12/2010 La société : 500948831 - VOILE DE COTON, 1820 CHE DE SAINT BERNARD, C0 SCI LINO IMM ACTIVITE LE SOLEIL, 06220 VALLAURIS a subi une augmentation de son capital social désormais de 56 000 € Date d'effet : 31/12/2010
18/02/2011	JAL	Modification of the share capital
Tribune (La) - Le bulletin de la côte d'azur Date de décision : 31/12/2010 La société : 500948831 - VOILE DE COTON, 1820 CHE DE SAINT BERNARD, C0 SCI LINO IMM ACTIVITE LE SOLEIL, 06220 VALLAURIS a subi une augmentation de son capital social désormais de 56 000 € Date d'effet : 31/12/2010
13/02/2011	Bodacc A	Vente et cession : Acheteur
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE D'ANTIBES 15 - 500 948 831 RCS Antibes. VOILE DE COTON. Forme : Société à responsabilité limitée. Capital : 2000 EUR. Adresse : 1820 chemin de Saint-bernard, C/0 Sci Lino Immeuble d' Activité "le Soleil", 6220 Vallauris. Origine du fonds : Fonds acquis par achat au prix stipulé de 250000 Euros. Etablissement : Etablissement complémentaire. Activité : vente au détail de prêt à porter et accessoires. Adresse : 6 rue Georges Clémenceau, 6600 Antibes. Précédent propriétaire : BCC FRANCE. 410 646 244 RCS Antibes. Date de commencement de l’activité : 01/01/2011. Publication légale : L'avenir côte d'azur du 28/01/2011. Oppositions : Au siège du fonds vendu et chez la SCP BENESTAN -FLORI -GANTOIS avocats à SAINT TROPEZ avenue paul roussel ,le sémiramis B 83390 pour la correspondance. Descriptif : . Commentaires : Achat d'un fonds par une personne morale (insertion provisoire).
11/02/2011	Bodacc A	Vente et cession : Acheteur
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE DE NICE 23 - 500 948 831 RCS Nice. VOILE DE COTON. Forme : Société à responsabilité limitée. Adresse : 1820 chemin de Saint-Bernard, C/o Sci Lino, Immeuble d' Activité le Soleil 6220 Le Golfe Juan. Origine du fonds : Achat d'un fonds de commerce au prix stipulé de 300000 Euros. Etablissement : Etablissemennt complémentaire. Activité : commerce de détail, demi-gros, articles et objets d'habillement, loisirs et maison, audiovisuel, commerce de confection articles de sports, lingerie, maroquinerie, chaussures, souvenirs, cassettes vidéo, cassettes disques, postes de télévision et de radio, chaînes hautes fidélité, bimbeloterie divers, import export et toutes opérations s'y rattachant. Adresse : 10 rue Pairolière, 6300 Nice. Précédent propriétaire : POUR SACHA. 489 679 001 RCS Nice. Date de commencement de l’activité : 20/01/2011. Publication légale : L'Avenir Côte d'Azur du 28/01/2011. Oppositions : Au Mandataire SCP HERVET Notaire - 25 Boulevard Victor Hugo 06000 Nice pour la validité et pour la correspondance. Descriptif : Etablissement secondaire/compl¿mentaire acquis par achat. Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
09/02/2011	Bodacc A	Vente et cession : Acheteur
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE D'ANTIBES 11 - 500 948 831 RCS Antibes. VOILE DE COTON. Forme : Société à responsabilité limitée. Administration : Gérant(e) : CASSAGNERES Jean-Marc. Capital : 2000 EUR. Adresse : 1820 chemin de Saint Bernard, C/0 Sci Lino Immeuble d' Activité "le Soleil", 6220 Vallauris. Origine du fonds : acquis par achat au prix stipulé de 250000 Euros. Etablissement : Etablissement complémentaire. Activité : Commerce de détail de prêt à porter et d'accessoires. Adresse : 6 rue Georges Clémenceau, 6600 Antibes. Précédent propriétaire : BCC FRANCE. 410 646 244 RCS Antibes. Date de commencement de l’activité : 01/01/2011. Publication légale : L'avenir côte d'azur du 28/01/2011. Oppositions : au fonds vendu 6, rue Georges Clémenceau 06600 Antibes et chez SCP BENESTAN FLORI-GANTOIS, avocats, avenue Paul Roussel, le Sémiramis B 83990 Saint Tropez pour la correspondance. Descriptif : . Commentaires : Autre achat, apport, attribution.
05/02/2011	JAL	Activity or goodwill cession
Petites Annonces Roussillonnaises (Les) et Le Journal des Annonces Légales Réunis (Parjal) Date de décision : 14/01/2011 Cédant : 410646244 - BCC FRANCE, 1820 CHE DE SAINT BERNARD, IMMEUBLE D'ACTIVITE LE SOL, 06220 VALLAURIS Cessionnaire : 500948831 - VOILE DE COTON, 1820 CHE DE SAINT BERNARD, C0 SCI LINO IMM ACTIVITE LE SOLEIL, 06220 VALLAURIS Prix de vente : 250000 € Date d’effet : 01/01/2011
28/01/2011	JAL	Activity or goodwill cession
Avenir Côte d'azur (L') Date de décision : 14/01/2011 Cédant : 410646244 - BCC FRANCE, 1820 CHE DE SAINT BERNARD, IMMEUBLE D'ACTIVITE LE SOL, 06220 VALLAURIS Cessionnaire : 500948831 - VOILE DE COTON, 1820 CHE DE SAINT BERNARD, C0 SCI LINO IMM ACTIVITE LE SOLEIL, 06220 VALLAURIS Prix de vente : 250000 € Date d’effet : 01/01/2011
08/12/2010	JAL	Start of rent-management
TPBM - Semaine de Provence Date de décision : 26/10/2010 Bailleur : 555555555 - Société inconnue, Locataire gérant : 500948831 - VOILE DE COTON, 1820 CHE DE SAINT BERNARD, C0 SCI LINO IMM ACTIVITE LE SOLEIL, 06220 VALLAURIS Date d’effet : 01/12/2010 pour une durée de 1 mois
13/08/2010	Bodacc C	Comptes annuels et rapports
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE D'ANTIBES 401 - 500948831 RCS. VOILE DE COTON. Forme : Société à responsabilité limitée. Adresse : 1820 chemin de Saint-bernard C/0 Sci Lino Immeuble d' Activité "le Soleil" 6220 Vallauris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
11/07/2010	Bodacc B	Modification et mutation diverse
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE D'ANTIBES 88 - 500 948 831 RCS Antibes. VOILE DE COTON. Forme : Société à responsabilité limitée. Activité : Commerce de détail-gros, détail de prêt à porter, accessoires de mode, articles de Paris, maroquinerie, textiles, objets publicitaires, gadgets, objets divers, linge, ustensiles de maison, chapeaux, chaussures, bijoux, articles de décoration, bateaux, papeterie, emballage, meubles, objets d'art. Commentaires : Modification survenue sur l'activité.
18/06/2010	JAL	Continuation of activity in spite of stockholders' equity become lower in the middle of the share capital
L'AVENIR COTE D'AZUR Date de décision : 01/06/2010 Poursuite d'activité malgré des fonds propres devenus inférieurs à la moitié du capital social de la société 500948831 -  VOILE DE COTON, 1820 CHE DE SAINT BERNARD, C0 SCI LINO IMM ACTIVITE LE SOLEIL, 06220 VALLAURIS
30/10/2009	Bodacc C	Comptes annuels et rapports
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE D'ANTIBES 954 - 500948831 RCS. VOILE DE COTON. Forme : Société à responsabilité limitée. Adresse : 1820 chemin de Saint Bernard C/0 Sci Lino Immeuble d' Activité le Soleil 6220 Vallauris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
20/03/2008	Bodacc A	Création d'établissement
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE D'ANTIBES 546 - 500 948 831 RCS Antibes. VOILE DE COTON. Forme : Société à responsabilité limitée. Administration : Gérant(e) : CASSAGNERES Jean-Marc. Capital : 2000 EUR. Adresse : 1820 chemin de Saint-bernard, C/0 Sci Lino Immeuble d' Activité le Soleil, 6220 Vallauris. Origine du fonds : Création. Etablissement : Etablissement principal. Activité : Commerce de détail de prêt à porter accessoires de mode articles de Paris maroquinerie. Adresse : 1820 chemin de Saint-bernard, C0 Sci Lino Imm Activité le Soleil, 6220 Vallauris. A dater du : 14/11/2007. Date de commencement de l’activité : 10/11/2007. Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

Company events history

Date	Description
18/10/2013	Update Rating
18/10/2013	Update Limit
03/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
29/06/2013	Bodacc C : Deposit accounts notice
08/06/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
20/11/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
19/10/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
19/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
09/03/2011	Bodacc B: Various editing or changing
27/02/2011	Bodacc A : Sale and transfer
22/02/2011	Updated articles of association
22/02/2011	Minutes of general meeting of shareholders
22/02/2011	Capital increase
22/02/2011	Reconstitution of net assets
13/02/2011	Bodacc A : Sale and transfer
11/02/2011	Bodacc A : Sale and transfer
09/02/2011	Bodacc A : Sale and transfer
14/01/2011	Legal Gazette: Activity or goodwill cession
31/12/2010	Other modification of Establishment
31/12/2010	Update of Company Workforce
31/12/2010	New accounts available
31/12/2010	Legal Gazette: Modification of the share capital
26/10/2010	Legal Gazette: Start of rent-management
13/08/2010	Bodacc C : Deposit accounts notice
11/07/2010	Bodacc B: Various editing or changing
24/06/2010	Minutes of general meeting of shareholders
24/06/2010	Private document
24/06/2010	Sale of shares
24/06/2010	Continuation of business despite loss of equity
24/06/2010	Updated articles of association
24/06/2010	Change to corporate purpose
01/06/2010	Modification of Company Activity
01/06/2010	Update of Company Workforce
01/06/2010	Update of Company Activity
01/06/2010	Legal Gazette: Continuation of activity
31/12/2009	New accounts available
30/10/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
20/03/2008	New Bodacc A ads detected
20/03/2008	Bodacc A : Establishment creation
14/11/2007	Updated articles of association
14/11/2007	Statuts mis à jour
14/11/2007	Articles of association
14/11/2007	PV d'Assemblée
14/11/2007	Minutes of general meeting of shareholders
14/11/2007	Appointment/resignation of company officers
14/11/2007	Nomination/démission des organes de gestion
14/11/2007	Private document
14/11/2007	Acte sous seing privé
14/11/2007	Formation de Société
14/11/2007	Company formation
10/11/2007	Formation of Company

Establishment events history

Date	Description
10/06/2013	Update Rating
10/06/2013	Update Limit
14/05/2013	Update Rating
31/01/2013	Update Rating
13/01/2013	Update of phone numbers
20/11/2012	Update Limit
20/11/2012	Update Rating
28/10/2012	Update Rating
28/10/2012	Update Limit
12/10/2012	Update of phone numbers
13/08/2012	Update Rating
03/01/2012	Update Limit
03/01/2012	Update Rating
19/07/2011	Update Rating
19/07/2011	Update Limit
28/06/2011	Update of phone numbers
06/07/2010	Update Limit
06/07/2010	Update Rating
28/06/2010	Update Limit
28/06/2010	Update Rating
22/06/2010	Update Rating
01/06/2010	Modification of Head office Activity
01/06/2010	Update of Establishment Activity
21/02/2010	Update Limit
20/02/2010	Update Rating
05/01/2010	Update Limit
30/12/2009	Update Rating
20/10/2009	Update Rating
20/10/2009	Update Limit
02/05/2009	Update Rating
06/12/2008	Update Rating
06/12/2008	Update Limit
10/11/2007	Formation of Head office

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.10
UK Pound	1	Rs.102.04
Euro	1	Rs.80.74

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.