MIRA INFORM REPORT

Report Date :

02.06.2014

IDENTIFICATION DETAILS

Name :	LOIRET HAENTJENS
Registered Office :	2 Pl De La Bourse, Bp 90705, 44007 Nantes Cedex 1
Country :	France
Financials (as on) :	31.03.2013
Date of Incorporation :	January 1954
Com. Reg. No.:	RCS Nantes 5 854 800 315
Legal Form :	Public limited company with board of directors
Line of Business :	Wholesale trader of sugar, chocolate and confectionery
No of Employees :	40 (31.03.2013)

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – March 31, 2014

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

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

France ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

Source : CIA

company summary

Name

LOIRET HAENTJENS

SIRET

854 800 315 00012

Acronym	L&H
		EUR VAT Number	FR26854800315
Activity (APE)	Wholesale trader of sugar, chocolate and confectionery (4636Z)	Legal form	Public limited company with board of directors
Phone	02 51 82 14 00	RCS Registration	RCS Nantes 5 854 800 315
Fax	02 40 35 60 76	Share capital	4,677,232 Euros
Address	LOIRET HAENTJENS L&H 2 PL DE LA BOURSE BP 90705 44007 NANTES CEDEX 1	Incorporated Date	06/1954
Nationality	France	Status	Economically active

Payment Information Summary - Trade Payment Data
	Total number of Invoices available	1
	Total number of Invoices paid within or up to 30 days after the due date	0
	Total number of Invoices paid more than 30 days after the due date	1
	Total number of Invoices currently outstanding where the due date has not yet been reached	0
	Total number of Invoices currently outstanding beyond the due date	0

No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Company number
TEREOS	407948926

Current Directors

7

Trading to Date	03/31/2013	03/31/2012	12/31/2011
Turnover	157,299,946 €	40,311,756 €	150,486,637 €
Gross Operating Surplus	16,47 % Turnover	17,55 % Turnover	12,68 % Turnover
Shareholders €™ equity	51,723,255 €	37,144,520 €	39,241,116 €
Net result	17,092,991 €	5,218,650 €	14,412,862 €
Employees	40 (31.03.2013)	-	-

Trends
Profitability
Liquidity
Net worth

Company details

Activity (APE)	Wholesale trader of sugar, chocolate and confectionery (4636Z)
RCS Registration	RCS Nantes 5 854 800 315	Share capital	4,677,232 Euros
Registration Court	Nantes (44)	Legal form	Public limited company with board of directors
Court Registry Number	19 5 4B00031	EUR VAT Number	FR26854800315
Incorporation Date	06/1954	Formation Date	01/1954
Deregistration Date		Last account Date	31/03/2013
Nationality	France

Ultimate Parent

1 ultimate parent company for this company >  TEREOS  - Traitement Primaire Des Recoltes (0163Z)  In ORIGNY SAINTE BENOITE  (02390)

Establishment details

Acronym	L&H
Activity (APE)	Commerce de gros (commerce interentreprises) de sucre, chocolat et confiserie (4636Z)	Business Pages FT®	IMPORT-EXPORT, SOCIETES DE COMMERCE INTERNATIONAL
Postal Address	LOIRET HAENTJENS L&H 2 PL DE LA BOURSE BP 90705 44007 NANTES CEDEX 1	Trading Address	2 PLACE DE LA BOURSE 44000 NANTES
Telephone	02 51 82 14 00
Fax	02 40 35 60 76

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

Department	Loire-Atlantique (44)	Region	Pays de La Loire
District	2	Area	99
City	NANTES	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	6 branch entities in this company
Head office	> LOIRET HAENTJENS <<<  - Commerce de gros (commerce interentreprises) de sucre, chocolat et confiserie (4636Z)  in NANTES  (44000)
Secondary establishments	>  LOIRET HAENTJENS  - Commerce de gros (commerce interentreprises) de sucre, chocolat et confiserie (4636Z)  in PARIS 2  (75002) >  LOIRET HAENTJENS  - Commerce de gros (commerce interentreprises) de sucre, chocolat et confiserie (4636Z)  in PARIS 16  (75116) >  LOIRET HAENTJENS  - Commerce de gros (commerce interentreprises) de sucre, chocolat et confiserie (4636Z)  in BASSENS  (33530) >  LOIRET HAENTJENS  - Commerce de gros (commerce interentreprises) de sucre, chocolat et confiserie (4636Z)  in MONTOIR DE BRETAGNE  (44550) > ...

Rationality	Legal unit with multiple establishments in many areas having at least 50% of workforce in same area
	Mono-activity status Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 80 to 99% of workforce

Workforces

Workforce at address

40 (31.03.2013)

Company workforce

40 (31.03.2013)

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/03/2013	31/03/2012	31/12/2011
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	20/01/2014	15/12/2012	07/08/2012
Activity Code	4636Z	4636Z	4636Z
Employees	40	37	30

Active account

Annual Accounts	31/03/2013		31/03/2012		31/12/2011	Sector Median2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	30, 906, 861	-14,1%	35, 964, 745	0,5%	35, 768, 451	80, 182,50	38445,6%
- Intangible assets	406, 564	568,9%	60, 778	480,7%	10, 466	14, 940	2621,3%
- Tangible assets	3, 236, 800	-1,8%	3, 294, 759	1,7%	3, 238, 201	19, 146	16805,9%
- Financial assets	27, 263, 497	-16,5%	32, 660, 736	0,4%	32, 519, 784	5, 916	460743,4%
Net current assets	63, 756, 180	24,4%	51, 252, 001	-14,8%	60, 122, 195	354, 680	17875,7%
- Stocks	32, 568, 193	30,8%	24, 908, 573	-21,5%	31, 748, 104	76, 346	42558,7%
- Advanced payments	0	24,4%	96, 160	6481,8%	1, 461	0	0%
- Receivables	27, 380, 398	40,7%	19, 465, 006	-5,1%	20, 521, 278	212, 801	12766,7%
- Securities and cash	3, 807, 589	-43,9%	6, 782, 262	-13,6%	7, 851, 352	26, 871	14069,9%
- Prepaid expenses	-	-	-	-	-	1, 193	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	94 663 042	8,5%	87 216 747	-9,0%	95 890 647	579 316,50	16240,5%

Passive Account

Annual Accounts	31/03/2013		31/03/2012		31/12/2011	Sector Median2013
Shareholders' equity	51, 723, 255	39,2%	37, 144, 520	-5,3%	39, 241, 116	197, 138,50	26137,0%
Share capital	4, 677, 232	0%	4, 677, 232	0%	4, 677, 232	31, 000	14987,8%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	302, 143	6,6%	283, 347	-0,7%	285, 475	0	0%
Liabilities	42, 637, 643	-14,4%	49, 788, 879	-11,7%	56, 364, 056	372, 044,50	11360,4%
- Financial liabilities	27, 392, 899	-17,0%	32, 998, 886	2,8%	32, 087, 440	79, 696	34271,7%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	12, 078, 802	19,2%	10, 137, 098	-47,5%	19, 326, 253	105, 703	11327,1%
- Tax and social liabilities	1, 632, 374	-72,9%	6, 022, 860	56,3%	3, 852, 736	88, 316	1748,3%
- Other debts and fixed assets liabilities	971, 848	54,3%	630, 035	2,5%	614, 795	19, 500,50	4883,7%
Account regularization	561, 720	0%	0	0%	482, 832	0	0%
Total liabilities	94 663, 041	8,5%	87 216 747	-9,0%	95 890647	579 316,50	16240,5%

Results

Annual Accounts	31/03/2013		31/03/2012		31/12/2011	Sector Median2013
Sales of Goods	157, 589, 388	284,0%	41, 043, 516	-72,8%	150, 712, 017	1, 136, 398,50	13767,4%
Net turnover	157, 299, 946	290,2%	40, 311, 756	-73,2%	150, 486, 637	1, 123, 239	13904,1%
- of which net export turnover	63, 175, 823	353,4%	13, 934, 162	-75,3%	56, 318, 797	0	0%
Operating charges	131, 936, 053	295,8%	33, 334, 748	-74,9%	132, 639, 135	1, 077, 532	12144,3%
Operating profit/loss	25, 653, 335	232,8%	7, 708, 768	-57,3%	18, 072, 882	26, 744	95821,8%
Financial income	1, 714, 356	526,5%	273, 636	-84,0%	1, 706, 707	479	357803,1%
Financial charges	1, 336, 031	398,8%	267, 871	-91,0%	2, 969, 382	2, 963,50	44982,9%
Financial profit/loss	378, 325	6462,4%	5, 765	100,5%	-1, 262, 675	-897	42276,7%
Pretax net operating income	26, 031, 660	237,4%	7, 714, 533	-54,1%	16, 810, 207	27, 570	94320,2%
Extraordinary income	3, 913, 534	7155,2%	53, 941	-98,1%	2, 803, 998	196	1996601,0%
Extraordinary charges	4, 111, 421	17370,1%	23, 534	-98,3%	1, 407, 415	643,50	638815,5%
Extraordinary profit/loss	-197, 887	-750,8%	30, 407	-97,8%	1, 396, 583	0	0%
Net result	17, 092, 991	227,5%	5, 218, 650	-63,8%	14, 412, 862	18, 957,50	90064,8%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/03/2013	31/03/2012	31/12/2011
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/03/2013		31/03/2012		31/12/2011
	Grand Total (I to VI)	Net	94, 663, 042	8,5%	87, 216, 747	-9,0%	95, 890, 647
	Gross	CO	104, 395, 446	7,1%	97, 493, 760	-8,8%	106, 905, 352
	Amortisation	1A	9, 732, 404	-5,3%	10, 277, 013	-6,7%	11, 014, 705

Non declared distributed capital (I)

		31/03/2013		31/03/2012		31/12/2011
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/03/2013		31/03/2012		31/12/2011
	Total Active fixed asset (II)	Net	30, 906, 861	-14,1%	35, 964, 745	0,5%	35, 768, 451
	Gross	BJ	39, 961, 555	-12,2%	45, 497, 199	0,3%	45, 348, 104
	Amortisation	BK	9, 054, 694	-5,0%	9, 532, 454	-0,5%	9, 579, 653

Intangible fixed assets

			31/03/2013		31/03/2012		31/12/2011
	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	67, 450	629,2%	9, 250	-11,6%	10, 466
	Gross	AF	138, 547	88,8%	73, 397	0%	73, 397
	Amortisation	AG	71, 097	10,8%	64, 147	1,9%	62, 931
	Goodwill	Net	339, 114	558,1%	51, 528	0%	0
	Gross	AH	390, 642	658,1%	51, 528	0%	51, 528
	Amortisation	AI	51, 528	0%	51, 528	0%	51, 528
	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	406, 564	568,9%	60, 778	480,7%	10, 466

Tangible fixed assets

			31/03/2013		31/03/2012		31/12/2011
	Lands	Net	35, 254	0%	35, 254	0%	35, 254
	Gross	AN	35, 254	0%	35, 254	0%	35, 254
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	2, 805, 273	-5,3%	2, 962, 484	-2,8%	3, 046, 364
	Gross	AP	7, 741, 859	2,8%	7, 529, 461	0%	7, 529, 461
	Amortisation	AQ	4, 936, 586	8,1%	4, 566, 977	1,9%	4, 483, 097
	Plant	Net	341, 855	67,1%	204, 618	50,8%	135, 653
	Gross	AR	713, 510	39,9%	509, 845	17,4%	434, 345
	Amortisation	AS	371, 655	21,8%	305, 227	2,2%	298, 692
	Other tangible fixed assets	Net	54, 418	189,3%	18, 808	-10,1%	20, 930
	Gross	AT	174, 991	26,6%	138, 225	0%	138, 225
	Amortisation	AU	120, 573	1,0%	119, 417	1,8%	117, 295
	Fixed assets in construction	Net	0	0%	73, 595	0%	0
	Gross	AV	0	0%	73, 595	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	3, 236, 800		3, 294, 759		3, 238, 201

Financial assets

			31/03/2013		31/03/2012		31/12/2011
	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	3, 845, 268	-40,8%	6, 495, 404	0%	6, 495, 404
	Gross	CU	3, 913, 169	-40,4%	6, 563, 305	0%	6, 563, 305
	Amortisation	CV	67, 901	0%	67, 901	0%	67, 901
	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	21, 829, 946	-11,2%	24, 576, 275	0,6%	24, 435, 323
	Gross	BD	25, 265, 300	-12,7%	28, 933, 532	0%	28, 933, 532
	Amortisation	BE	3, 435, 354	-21,2%	4, 357, 257	-3,1%	4, 498, 209
	Loans	Net	1, 524, 490	0%	1, 524, 490	0%	1, 524, 490
	Gross	BF	1, 524, 490	0%	1, 524, 490	0%	1, 524, 490
	Amortisation	BG	0		0		0
	Other financial assets	Net	63, 793	-1,2%	64, 567	0%	64, 567
	Gross	BH	63, 793	-1,2%	64, 567	0%	64, 567
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		27, 263, 497		32, 660, 736		32, 519, 784

Current Assets (III)

			31/03/2013		31/03/2012		31/12/2011
	Total Assets	Net	63, 756, 180	24,4%	51, 252, 001	-14,8%	60, 122, 195
	Gross	CJ	64, 433, 891	23,9%	51, 996, 562	-15,5%	61, 557, 249
	Amortisation	CK	677, 711	-9,0%	744, 561	-48,1%	1, 435, 054

Stocks

			31/03/2013		31/03/2012		31/12/2011
	Raw materials	Net	93, 751	0%	0	0%	0
	Gross	BL	93, 751	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	32, 474, 442	30,4%	24, 908, 573	-21,5%	31, 748, 104
	Gross	BT	32, 522, 530	29,9%	25, 027, 821	-23,1%	32, 557, 252
	Amortisation	BU	48, 088	-59,7%	119, 248	-85,3%	809, 148
	Sub Total Stocks	Net	32, 568, 193	30,8%	24, 908, 573	-21,5%	31, 748, 104

Advance payments to suppliers

			31/03/2013		31/03/2012		31/12/2011
	Advance payments to suppliers	Net	0	0%	96, 160	6481,8%	1, 461
	Gross	BV	0	0%	96, 160	6481,8%	1, 461
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/03/2013		31/03/2012		31/12/2011
	Trade accounts receivable	Net	23, 897, 473	50,2%	15, 915, 151	-7,4%	17, 189, 132
	Gross	BX	24, 527, 096	48,3%	16, 540, 464	-7,2%	17, 815, 038
	Amortisation	BY	629, 623	0,7%	625, 313	-0,1%	625, 906
	Other debtors	Net	3, 454, 759	27,7%	2, 706, 424	2,9%	2, 630, 075
	Gross	BZ	3, 454, 759	27,7%	2, 706, 424	2,9%	2, 630, 075
	Amortisation	CA	0	0%	0	0%	0
	Capital subscribed and called up	Net	0	0%	0	0%	0
	Gross	CB	0	0%	0	0%	0
	Amortisation	CC	0	0%	0	0%	0
	Sub Total Debtors	Net	27, 352, 232	46,9%	18, 621, 575	-6,0%	19, 819, 207

Divers

			31/03/2013		31/03/2012		31/12/2011
	Investment securities	Net	0	0%	0	0%	222, 995
	Gross	CD	0	0%	0	0%	222, 995
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	3, 807, 589	-43,9%	6, 782, 262	-11,1%	7, 628, 357
	Gross	CF	3, 807, 589	-43,9%	6, 782, 262	-11,1%	7, 628, 357
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	3, 807, 589	-43,9%	6, 782, 262	-13,6%	7, 851, 352

Prepaid expenses

			31/03/2013		31/03/2012		31/12/2011
	Prepaid expenses	Net	28, 166	-96,7%	843, 431	20,1%	702, 071
	Gross	CH	28, 166	-96,7%	843, 431	20,1%	702, 071
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/03/2013		31/03/2012		31/12/2011
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	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		31/03/2013		31/03/2012		31/12/2011
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/03/2013		31/03/2012		31/12/2011
Grand Total (I to V)	EE	94, 663, 041	8,5%	87, 216, 747	-9,0%	95, 890, 647

Shareholder Equity (I)

			31/03/2013		31/03/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	51, 723, 255	39,2%	37, 144, 520	-5,3%	39, 241, 116
	Equity and shareholders' equity	DA	4, 677, 232	0%	4, 677, 232	0%	4, 677, 232
	Issue and merger premiums	DB	888, 778	0%	888, 778	0%	888, 778
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	467, 723	0%	467, 723	1,3%	461, 600
	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	25, 771, 965	11,2%	23, 183, 458	44,1%	16, 083, 458
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	1, 489, 674	0%	1, 489, 674	-0,1%	1, 491, 111
	Profit or loss for the period	DI	17, 092, 991	227,5%	5, 218, 650	-63,8%	14, 412, 862
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	1, 334, 892	9,5%	1, 219, 005	-0,6%	1, 226, 075

Other capital resources (II)

			31/03/2013		31/03/2012		31/12/2011
	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)

			31/03/2013		31/03/2012		31/12/2011
	Total provisions for risks and charges (Total III)	DR	302, 143	6,6%	283, 347	-0,7%	285, 475
	Risk provisions	DP	0	0%	0	0%	0
	Reserves for charges	DQ	302, 143	6,6%	283, 347	-0,7%	285, 475

Liabilities (IV)

			31/03/2013		31/03/2012		31/12/2011
	Total Liabilities (Total IV)	EC	42, 637, 643	-14,4%	49, 788, 879	-11,7%	56, 364, 056
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	17, 493, 488	-29,2%	24, 722, 015	-16,4%	29, 565, 786
	Sundry loans and financial liabilities	DV	9, 899, 411	19,6%	8, 276, 871	228,2%	2, 521, 654
	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	12, 078, 802	19,2%	10, 137, 098	-47,5%	19, 326, 253
	Tax and social security liabilities	DY	1, 632, 374	-72,9%	6, 022, 860	56,3%	3, 852, 736
	Fixed asset liabilities	DZ	0	0%	7, 974	78,8%	4, 459
	Other debts	EA	971, 848	56,2%	622, 061	1,9%	610, 336

Translation loss (V)

		31/03/2013		31/03/2012		31/12/2011
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/03/2013		31/03/2012		31/12/2011
Deferred income	EB	561, 720	0%	0	0%	482, 832

References

		31/03/2013		31/03/2012		31/12/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	43, 733, 610
Of which current bank facilities	EH	0	0%	0	0%	13, 761, 668

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)

		31/03/2013		31/03/2012		31/12/2011
Operating result (Total I-II)	GG	25, 653, 335	232,8%	7, 708, 768	-57,3%	18, 072, 882

2 - Financial result (V - VI)

		31/03/2013		31/03/2012		31/12/2011
Financial result (Total V-VI)	GV	378, 325	6462,4%	5, 765	100,5%	-1, 262, 675

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

		31/03/2013		31/03/2012		31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	26, 031, 660	237,4%	7, 714, 533	-54,1%	16, 810, 207

4 - Extraordinary result (VII-VIII)

		31/03/2013		31/03/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	-197, 887	-750,8%	30, 407	-97,8%	1, 396, 583

Profit or loss

		31/03/2013		31/03/2012		31/12/2011
Profit or loss	HN	17, 092, 991	227,5%	5, 218, 650	-63,8%	14, 412, 862

Total Income (I+III+V+VII)

		31/03/2013		31/03/2012		31/12/2011
Total Income (I+III+V+VII)	HL	163, 217, 278	294,5%	41, 371, 093	-73,3%	155, 222, 722

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

		31/03/2013		31/03/2012		31/12/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	146, 124, 288	304,2%	36, 152, 443	-74,3%	140, 809, 861

Operating income (I)

		31/03/2013		31/03/2012		31/12/2011
Total operating income (Total I)	FR	157, 589, 388	284,0%	41, 043, 516	-72,8%	150, 712, 017

Operating income (details)

			31/03/2013		31/03/2012		31/12/2011
	Sale of goods for resale	FC	156, 195, 479	290,3%	40, 016, 681	-73,2%	149, 221, 759
	France	FA	93, 019, 656	256,6%	26, 082, 519	-71,9%	92, 902, 962
	Export	FB	63, 175, 823	353,4%	13, 934, 162	-75,3%	56, 318, 797
	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	1, 104, 467	274,3%	295, 075	-76,7%	1, 264, 878
	France	FG	1, 104, 467	274,3%	295, 075	-76,7%	1, 264, 878
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	157, 299, 946	290,2%	40, 311, 756	-73,2%	150, 486, 637
	France	FJ	94, 124, 123	256,8%	26, 377, 594	-72,0%	94, 167, 840
	Export	FK	63, 175, 823	353,4%	13, 934, 162	-75,3%	56, 318, 797
	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	149, 703	-78,7%	704, 286	965,7%	66, 084
	Other income	FQ	139, 739	408,6%	27, 474	-82,8%	159, 296

Operating charges (II)

		31/03/2013		31/03/2012		31/12/2011
Total operating charges (Total II)	GF	131, 936, 053	295,8%	33, 334, 748	-74,9%	132, 639, 135

Exploitation charges

		31/03/2013		31/03/2012		31/12/2011
Purchase of goods for resale	FS	120, 564, 794	430,3%	22, 735, 037	-82,3%	128, 788, 283
Change in stocks of goods for resale	FT	-6, 637, 500	-188,2%	7, 529, 431	166,4%	-11, 343, 530
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	13, 464, 041	552,2%	2, 064, 444	-80,7%	10, 708, 092
Tax, duty and similar payments	FX	1, 183, 284	509,3%	194, 207	-73,2%	724, 451
Payroll	FY	1, 788, 317	273,8%	478, 389	-70,7%	1, 635, 101
Social security costs	FZ	1, 029, 975	334,8%	236, 911	-73,4%	891, 506

Depreciation

		31/03/2013		31/03/2012		31/12/2011
Depreciation of fixed assets	GA	462, 681	393,5%	93, 753	-73,5%	354, 115
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	48, 088	0%	0	0%	809, 148
Provisions for risks and charges	GD	8, 380	0%	0	0%	43, 857

Other charges

		31/03/2013		31/03/2012		31/12/2011
Other charges	GE	23, 993	831,4%	2, 576	-90,8%	28, 112

Operating charges (III-IV)

		31/03/2013		31/03/2012		31/12/2011
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)

			31/03/2013		31/03/2012		31/12/2011
	Total financial income (Total V)	GP	1, 714, 356	526,5%	273, 636	-84,0%	1, 706, 707
	Share financial income	GJ	633, 698	407,8%	124, 804	-88,7%	1, 107, 078
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	158, 755	1914,7%	7, 880	-79,1%	37, 705
	Released provisions and transferred charges	GM	921, 903	554,1%	140, 952	-74,7%	557, 485
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	0	0%	4, 439

Financial Charge (VI)

			31/03/2013		31/03/2012		31/12/2011
	Total financial charge (Total VI)	GU	1, 336, 031	398,8%	267, 871	-91,0%	2, 969, 382
	Financial reserves and provisions	GQ	0	0%	0	0%	1, 973, 638
	Interest and similar charges	GR	1, 325, 910	395,0%	267, 871	-73,1%	995, 741
	Exchange losses	GS	10, 121	0%	0	0%	03
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/03/2013		31/03/2012		31/12/2011
	Total extraordinary income (Total VII)	HD	3, 913, 534	7155,2%	53, 941	-98,1%	2, 803, 998
	Extraordinary operating income	HA	6, 135	-81,6%	33, 322	1059,8%	2, 873
	Extraordinary income from capital transactions	HB	3, 737, 670	0%	0	0%	2, 721, 837
	Released provisions and transferred charges	HC	169, 729	723,2%	20, 619	-74,0%	79, 288

Extraordinary charges (VIII)

			31/03/2013		31/03/2012		31/12/2011
	Total extraordinary charges (Total VIII)	HH	4, 111, 421	17370,1%	23, 534	-98,3%	1, 407, 415
	Extraordinary operating charges	HE	65, 121	552,1%	9, 986	-86,8%	75, 536
	Extraordinary charges from capital transactions	HF	3, 760, 684	0%	0	0%	1, 148, 060
	Extraordinary reserves and provisions	HG	285, 616	2008,2%	13, 548	-92,6%	183, 819

Employee profit sharing (IX)

		31/03/2013		31/03/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	399, 322	331,3%	92, 585	-76,2%	389, 154

Tax on profits (X)

		31/03/2013		31/03/2012		31/12/2011
Tax on profits (Total X)	HK	8, 341, 461	242,7%	2, 433, 705	-28,5%	3, 404, 775

References

		31/03/2013		31/03/2012		31/12/2011
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	60, 162
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/03/2013		31/03/2012		31/12/2011
	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	2, 786, 560	0%	0	0%	15, 761
	Decreasess by transfers	OK2	6, 629, 994	21065,9%	31, 324	-98,2%	1, 733, 223
	Gross value at the end of period	OL	39, 961, 555	-12,2%	45, 497, 199	0,3%	45, 348, 103

Research and development Charge (Total I)

			31/03/2013		31/03/2012		31/12/2011
	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)

			31/03/2013		31/03/2012		31/12/2011
	Gross value at begin of period	KD	124, 925	0%	124, 925	-48,5%	242, 449
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	404, 264	0%	0	0%	29, 651
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	147, 176
	Gross value at the end of period	LW	529, 189	323,6%	124, 925	0,0%	124, 924

Tangible fixed assets (Total III)

			31/03/2013		31/03/2012		31/12/2011
	Gross value at begin of period	LN	8, 286, 380	1,8%	8, 137, 285	1,9%	7, 987, 452
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	3, 186, 746	2037,4%	149, 095	-79,3%	720, 317
	Decreasess by budget item transfer	NG1	2, 786, 560	0%	0	0%	15, 761
	Decreasess by transfers	NG2	20, 953	0%	0	0%	554, 722
	Gross value at the end of period	NH	8, 665, 613	4,6%	8, 286, 380	1,8%	8, 137, 286

Financial assets (Total IV)

			31/03/2013		31/03/2012		31/12/2011
	Gross value at begin of period	LQ	37, 085, 894	0%	37, 085, 894	64,8%	22, 501, 265
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	289, 899	825,5%	31, 324	-99,8%	15, 615, 953
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	6, 609, 040	20999,0%	31, 324	-97,0%	1, 031, 324
	Gross value at the end of period	NK	30, 766, 753	-17,0%	37, 085, 894	0%	37, 085, 894

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

			31/03/2013		31/03/2012		31/12/2011
	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)

			31/03/2013		31/03/2012		31/12/2011
	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)

			31/03/2013		31/03/2012		31/12/2011
	Reserve for depreciation value at begin of period	PE	115, 674	1,1%	114, 459	-51,9%	238, 176
Increases		PF	6, 950	472,0%	1, 215	-94,8%	23, 459
Decreasess		PG	0	0%	0	0%	147, 176
	Decreasess by budget item transfer	PH	122, 624	6,0%	115, 674	1,1%	114, 459

Total fixed assets amotisation (Total III)

			31/03/2013		31/03/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	4, 991, 621	1,9%	4, 899, 084	-0,8%	4, 937, 442
Increases		QV	455, 730	392,5%	92, 538	-76,6%	395, 798
Decreases		QW	18, 537	0%	0	0%	434, 157
	Decreasess by budget item transfer	QX	5, 428, 814	8,8%	4, 991, 622	1,9%	4, 899, 083

Movements during period affecting charge allocated over several period

Charges à Repartir Ou Frais d'emission D'emprunt

			31/03/2013		31/03/2012		31/12/2011
	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

			31/03/2013		31/03/2012		31/12/2011
	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)

			31/03/2013		31/03/2012		31/12/2011
	Value at begining of period	7C	6, 672, 069	-11,2%	7, 512, 713	57,5%	4, 771, 015
Increases		UB	363, 122	2580,3%	13, 548	-99,6%	3, 410, 013
Decreases		UC	1, 217, 191	42,5%	854, 192	27,8%	668, 314
	Value at the end of period	UD	5, 818, 000	-12,8%	6, 672, 069	-11,2%	7, 512, 714

Includes Total allocations

Operating	UE	0	0%	0	0%	875, 647
Financial	UG	0	0%	0	0%	2, 313, 572
Exceptional	UJ	0	0%	13, 548	-93,9%	220, 794

Includes Total Withdrawal

Operating	UF	0	0%	692, 621	11595,7%	5, 922
Financial	UH	0	0%	140, 952	-74,2%	546, 130
Exceptional	UK	0	0%	20, 619	-82,3%	116, 262

Total regulated provisions (Total I)

			31/03/2013		31/03/2012		31/12/2011
	Value at begining of period	3Z	1, 219, 005	-0,6%	1, 226, 076	9,3%	1, 121, 544
Increases		TS	285, 616	2008,2%	13, 548	-93,9%	220, 794
Decreases		TT	169, 729	723,2%	20, 619	-82,3%	116, 263
	Value at the end of period	TU	1, 334, 892	9,5%	1, 219, 005	-0,6%	1, 226, 075

Total risk and charge provisions (Total II)

			31/03/2013		31/03/2012		31/12/2011
	Value at begining of period	5Z	283, 347	-0,7%	285, 475	30,4%	218, 976
Increases		TV	18, 796	0%	0	0%	66, 499
Decreases		TW	0	0%	2, 128	0%	0
	Value at the end of period	TX	302, 143	6,6%	283, 347	-0,7%	285, 475

Total Provision for depreciation (Total III)

			31/03/2013		31/03/2012		31/12/2011
	Value at begining of period	7B	5, 169, 719	-13,9%	6, 001, 164	74,9%	3, 430, 495
Increases		TY	58, 710	0%	0	0%	3, 122, 720
Decreases		TZ	1, 047, 463	26,0%	831, 445	50,6%	552, 052
	Value at the end of period	UA	4, 180, 966	-19,1%	5, 169, 719	-13,9%	6, 001, 163

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

		31/03/2013		31/03/2012		31/12/2011
Gross value	VT	29, 598, 305	36,5%	21, 679, 376	-4,6%	22, 736, 239
1 year at most	VU	27, 296, 229	25,9%	21, 679, 376	6,0%	20, 453, 731
More than one year	VV	2, 302, 076	0%	0	0%	2, 282, 508

State of loans

		31/03/2013		31/03/2012		31/12/2011
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	1, 524, 490	0%	1, 524, 490	0%	1, 524, 490
Loans (1 year at most)	UR	0	0%	1, 524, 490	0%	0
Other financial assets (gross)	UT	63, 793	-1,2%	64, 567	0%	64, 567
Other financial assets (1 year at most)	UV	0	0%	64, 567	0%	0

Receivables statement of assets

		31/03/2013		31/03/2012		31/12/2011
Customers doubtful or disputed	VA	713, 793	3,0%	692, 826	-0,1%	693, 451
Other claims customer	UX	23, 813, 304	50,3%	15, 847, 638	-7,4%	17, 121, 586
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	27, 567	1002,7%	2, 500	0%	0
Social Security and other social organizations	UZ	10, 119	-40,5%	17, 010	378,3%	3, 556
Income taxes	VM	351, 345	0%	0	0%	121, 463
Value added tax	VB	1, 804, 751	-10,8%	2, 023, 206	31,5%	1, 538, 460
Other taxes and payments assimilated	VN	0	0%	16, 210	0%	16, 210
State and other public - Miscellaneous	VP	0	0%	1, 319	0%	1, 319
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	1, 260, 977	95,1%	646, 179	-31,9%	949, 066

Prepaid

		31/03/2013		31/03/2012		31/12/2011
Prepaid	VS	28, 166	-96,7%	843, 431	20,1%	702, 071

State Debt

			31/03/2013		31/03/2012		31/12/2011
	Total debt (gross)	VY	42, 637, 643	-14,4%	49, 788, 880	-11,7%	56, 364, 055
1 year at most		VZ2	29, 324, 241	-18,2%	35, 844, 292	-18,0%	43, 733, 610
More than 1 year and 5 years at most		VZ3	13, 313, 402	-4,5%	13, 944, 588	10,4%	12, 630, 445
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/03/2013		31/03/2012		31/12/2011
	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	11, 208, 138	28,6%	8, 714, 372	-36,7%	13, 769, 558
1 year at most		VG2	11, 208, 138	28,6%	8, 714, 372	-36,7%	13, 769, 558
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	6, 285, 351	-60,7%	16, 007, 644	1,3%	15, 796, 228
1 year at most		VH2	2, 736, 424	-16,7%	3, 286, 171	1,4%	3, 241, 431
More than 1 year and 5 years at most		VH3	3, 548, 927	-72,1%	12, 721, 473	1,3%	12, 554, 797
	Loans and various financial liabilities (gross)	8A1	9, 899, 411	19,6%	8, 276, 871	228,2%	2, 521, 654
1 year at most		8A2	134, 936	-98,1%	7, 053, 755	188,4%	2, 446, 006
More than 1 year and 5 years at most		8A3	9, 764, 475	698,3%	1, 223, 116	1516,9%	75, 648
	Suppliers and associated accounts (gross)	8B1	12, 078, 802	19,2%	10, 137, 098	-47,5%	19, 326, 253
1 year at most		8B2	12, 078, 802	19,2%	10, 137, 098	-47,5%	19, 326, 253
More than 1 year and 5 years at most		8B3	12, 078, 802	19,2%	10, 137, 098	-47,5%	19, 326, 253
	Personnel and associated accounts (gross)	8C1	494, 984	-35,5%	767, 014	6,0%	723, 569
1 year at most		8C2	494, 984	-35,5%	767, 014	6,0%	723, 569
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	668, 353	81,2%	368, 925	-17,3%	446, 279
1 year at most		8D2	668, 353	81,2%	368, 925	-17,3%	446, 279
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	4, 334, 137	88,5%	2, 299, 728
1 year at most		8E2	0	0%	4, 334, 137	88,5%	2, 299, 728
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	1, 867	-98,9%	173, 828	2,1%	170, 317
1 year at most		VW2	1, 867	-98,9%	173, 828	2,1%	170, 317
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	467, 169	23,3%	378, 957	78,0%	212, 843
1 year at most		VQ2	467, 169	23,3%	378, 957	78,0%	212, 843
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	7, 974	78,9%	4, 458
1 year at most		8J2	0	0%	7, 974	78,9%	4, 458
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	392, 231	0%	0	0%	0
1 year at most		VI2	392, 231	0%	0	0%	0
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	579, 617	-6,8%	622, 061	1,9%	610, 336
1 year at most		8K2	579, 617	-6,8%	622, 061	1,9%	610, 336
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	561, 720	0%	0	0%	482, 832
1 year at most		8L2	561, 720	0%	0	0%	482, 832
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/03/2013		31/03/2012		31/12/2011
Loans made during the period	VJ	0	0%	226, 734	0%	0
Debt repaid during the period	VK	0	0%	1, 899, 217	0%	0

Table allocation results and other information
Dividends distributed

		31/03/2013		31/03/2012		31/12/2011
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/03/2013		31/03/2012		31/12/2011
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

		31/03/2013		31/03/2012		31/12/2011
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/03/2013		31/03/2012		31/12/2011
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/03/2013		31/03/2012		31/12/2011
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/03/2013		31/03/2012		31/12/2011
Average number of employees	YP	40	8,1%	37	23,3%	30

Groups and Shareholders

		31/03/2013		31/03/2012		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

		31/03/2013		31/03/2012		31/12/2011	Sector Median2013
Fixed Asset Financing		2,21	25,6%	1,76	18,1%	1,49	1,63	35,6%
Global Debt		98 days	-78,0%	445 days	229,6%	135 days	84,50 days	16,0%
Working Capital Fund overall net		111 days	-64,0%	308 days	481,1%	53 days	37,50 days	196,0%
Financial independence		295,67%	96,8%	150,25%	13,2%	132,72%	736,75%	-59,9%
Solvability		54,64%	28,3%	42,59%	4,1%	40,92%	33,60%	62,6%
Capacity debt futures		370,92%	19,8%	309,52%	34,2%	230,68%	2527,23%	-85,3%
Coverage of current assets by net working capital overall		75,32%	11,8%	67,37%	86,3%	36,16%	34,86%	116,1%
General Liquidity		0,93	55,0%	0,60	27,7%	0,47	0,66	40,9%
Restricted Liquidity		1,06	34,2%	0,79	21,5%	0,65	1,04	1,9%

Management or rotation

		31/03/2013		31/03/2012		31/12/2011	Sector Median2013
Need background in operating working capital		104 days	-56,7%	240 days	263,6%	66 days	17,50 days	494,3%
Treasury		9 days	-85,2%	61 days	535,7%	-14 days	2 days	350,0%
Inventory turnover of goods		103 days	-65,4%	298 days	198,0%	100 days	34 days	202,9%
Average length of credit granted to customers		56 days	-62,2%	148 days	244,2%	43 days	35,50 days	57,7%
Average length of credit obtained suppliers		34 days	-69,9%	113 days	109,3%	54 days	40 days	-15,0%
Inventory turnover of raw materials in industrial enterprises		1 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1473 days	-
Rotation tangible assets		1815,22%	273,1%	486,48%	-73,7%	1849,35%	1744,66%	4,0%

Profitability of the business

		31/03/2013		31/03/2012		31/12/2011	Sector Median2013
Margin trading		26,87%	11,1%	24,19%	14,5%	21,12	27,40%	-1,9%
Profitability of the business		16,47	-6,2%	17,55	38,4%	12,68	3,90%	322,3%
Net profit		10,87%	-16,1%	12,95%	35,2%	9,58%	2,10%	417,6%
Growth rate of turnover (excluding VAT)		290,21%	496,4%	-73,21%	-235,0%	54,21%	0%	0%
Rates integration		19,01%	-4,0%	19,80%	33,4%	14,84%	19,55%	-2,8%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		9,42%	5,1%	8,96%	-20,8%	11,31%	70,41%	-86,6%
Weight interests		0,85	28,8%	0,66%	-66,5%	1,97%	0,20%	325,0%

Return on capital

		31/03/2013		31/03/2012		31/12/2011	Sector Median2013
Cash flow from the overall profitability		11,36%	2,4%	11,09%	13,6%	9,76%	2,73%	316,1%
Rates of economic profitability		33%	230,0%	10%	-63,0%	27%	18%	83,3%
Financial profitability		51723255%	39,2%	37144520%	-5,3%	39241116%	197138,50%	26137,0%
Return on investment		23,29%	197,8%	7,82%	-67,9%	24,37%	14,09%	65,3%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermediaires De Gestion

	31/03/2013		31/03/2012		31/12/2011	Sector Median2013
Turnover	157, 299, 946	290,2%	40, 311, 756	-73,2%	150, 486, 637	1, 123, 239 €	13904,1%

Sales of goods	156, 195, 479	290,3%	40, 016, 681	-73,2%	149, 221, 759
- Purchase of goods	120, 564, 794	430,3%	22, 735, 037	-82,3%	128, 788, 283
+/- Stock of goods variation	-6, 637, 500	-188,2%	7, 529, 431	166,4%	-11, 343, 530
Trading margin	42, 268, 185 €	333,4%	9, 752, 213 €	-69,3%	31, 777, 006 €	338, 371 €	12391,7%
	26,87 % CA	11,1%	24,19 % CA	14,5%	21,12 % CA	27,51 % CA	-2,3%

Sale of goods produced	1, 104, 467	274,3%	295, 075	-76,7%	1, 264, 878
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	1, 104, 467 €	274,3%	295, 075 €	-76,7%	1, 264, 878 €	23, 365,50 €	4626,9%
	0,70 % CA	-4,1%	0,73 % CA	-13,1%	0,84 % CA	1,23 % CA	-43,1%

Trading margin	42, 268, 185	333,4%	9, 752, 213	-69,3%	31, 777, 006	338, 371	12391,7%
+ Period Production	1, 104, 467	274,3%	295, 075	-76,7%	1, 264, 878	23, 365,50	4626,9%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materials	0	0%	0	0%	0
- Other external purchases and charges	13, 464, 041	552,2%	2, 064, 444	-80,7%	10, 708, 092
Added value	29, 908, 611 €	274,7%	7, 982, 844 €	-64,3%	22, 333, 792 €	243, 267,50 €	12194,5%
	19,01 % CA	-4,0%	19,80 % CA	33,4%	14,84 % CA	19,55 % CA	-2,8%

Added value	29, 908, 611 €	274,7%	7, 982, 844 €	-64,3%	22, 333, 792 €	243, 267,50 €	12194,5%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	1, 183, 284	509,3%	194, 207	-73,2%	724, 451
- Personal charges	2, 818, 292	294,0%	715, 300	-71,7%	2, 526, 607
Gross operating surplus	25, 907, 035 €	266,3%	7, 073, 337 €	-62,9%	19, 082, 734 €	36, 758,50 €	70379,0%
	16,47 % CA	-6,2%	17,55 % CA	38,4%	12,68 % CA	3,90 % CA	322,3%

Gross operating surplus	25, 907, 035 €	266,3%	7, 073, 337 €	-62,9%	19, 082, 734 €	36, 758,50 €	70379,0%
+ Release of reserves and provisions	149, 703	-78,7%	704, 286	965,7%	66, 084
+ Other operating income	139, 739	408,6%	27, 474	-82,8%	159, 296
- Depreciation/Amortisation	519, 149	453,7%	93, 753	-92,2%	1, 207, 120
- Other charges	23, 993	831,4%	2, 576	-90,8%	28, 112
Operating result	25, 653, 335 €	232,8%	7, 708, 768 €	-57,3%	18, 072, 882 €	26, 743,50 €	95823,6%
	16,31 % CA	-14,7%	19,12 % CA	59,2%	12,01 % CA	2,71 % CA	501,8%

Operating result	25, 653, 335 €	232,8%	7, 708, 768 €	-57,3%	18, 072, 882 €	26, 743,50 €	95823,6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	1, 714, 356	526,5%	273, 636	-84,0%	1, 706, 707
- Financial charges	1, 336, 031	398,8%	267, 871	-91,0%	2, 969, 382
Pre-tax result	26, 031, 660 €	237,4%	7, 714, 533 €	-54,1%	16, 810, 207 €	27, 569,50 €	94322,0%
	16,55 % CA	-13,5%	19,14 % CA	71,4%	11,17 % CA	2,43 % CA	581,1%

Extraordinary income	3, 913, 534	7155,2%	53, 941	-98,1%	2, 803, 998	196	1996601,0%
- Extraordinary charges	4, 111, 421	17370,1%	23, 534	-98,3%	1, 407, 415
Extraordinary result	-197, 887 €	-750,8%	30, 407 €	-97,8%	1, 396, 583 €	0 €	0%
	-0,13 % CA	-262,5%	0,08 % CA	-91,4%	1 % CA	0 % CA	0%

Pre-tax result	26, 031, 660 €	237,4%	7, 714, 533 €	-54,1%	16, 810, 207 €	27, 569,50 €	94322,0%
Extraordinary result	-197, 887 €	-750,8%	30, 407 €	-97,8%	1, 396, 583 €	0 €	0%
- Employee profit sharing	399, 322	331,3%	92, 585	-76,2%	389, 154
- Tax on profits	8, 341, 461	242,7%	2, 433, 705	-28,5%	3, 404, 775
Net result	17, 092, 990 €	227,5%	5, 218, 650 €	-63,8%	14, 412, 861 €	18, 957,50 €	90064,8%
	10,87 % CA	-16,1%	12,95 % CA	35,2%	9,58 % CA	2,10 % CA	417,6%

Commentary

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.

The shareholder's equity is 51,723,255€

The ratio total assets to total liabilities is 2,2

The creditor days are 28.03

The decrease in the gearing percentage over the last two accounting periods is 40 %

The liabilities are 42,637,643€

The net current assets are 63,756,180€

The net turnover is 157,299,946€

The pre-tax profit is 25,434,452€

The total assets are 94,663,042€

Low risk workforce size

The company has 7 directors

Industry code with low risk rating

Department code with low risk rating

The risk provisions are 302,143€

The sales to current assets ratio is 2,47

The return on total assets employed is 26.87

The stock to turnover ratio is 20.70

Payment Information Summary - Trade Payment Data

Payment Information Summary - Trade Payment Data
Total number of Invoices available	1
Total number of Invoices paid within or up to 30 days after the due date	0
Total number of Invoices paid more than 30 days after the due date	1
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	05/05/2009
Status of Monitoring	No social security and tax office preferential right to date

Group data

Linkages

Ultimate parent company	TEREOS
Direct parent	TEREOS OCEAN INDIEN - 94.87 %
Group ,€“ Number of companies	71
Linkages ,€“ Number of companies	29
Number of countries	10

Group Structure

Company Name	SIREN	Parts	Last account published
TEREOS	407948926	-	31/03/2013
TEREOS DO BRASIL PARTICIPAÇÕES LTDA.	-	93%	-
TEREOS ALCOOLS	449929249	80%	31/03/2013
LESAFFRE FRERES	457508604	34%	31/08/2013
TEREOS STOCKAGE	410379150	100%	31/03/2013
DISTILLERIE DE SAVANNA	310850391	41%	-
TEREOS SYRAL	403138225	61.70%	30/09/2011
SYRAL HAUSSIMONT	955200324	75%	30/06/2013
TEREOS UK LIMITED	05633480	100%	31/03/2013
FRANCE FONDANTS	383630969	40%	31/03/2013
TEREOS FINANCE	423607886	100%	31/03/2013
TTD	-	62.07%	-
MORAVSKY LIHOVAR KOJET�N AS	-	Majority	-
TEREOS ITALIA SRL	501233621	100%	-
TEREOS COPRODUITS	424388643	100%	31/03/2013
TEREOS IBERIA	442312237	100%	-
TEREOS DEUTSCHLAND GMBH	HRB 7372	100%	31/03/2013
TEREOS SUCRES	388255853	100%	31/03/2013
BIO ETHANOL NORD PICARDIE	389430331	56.70%	31/03/2013
TEREOS BENP	480891407	50.10%	31/03/2013
BEGHIN MEIJI	349707646	50%	31/03/2013
TEREOS POLYCULTURE	783942964	99.99%	-
TRANSIT STOCKAGE MANUTENTION	330376310	100%	31/03/2013
TEREOS PARTICIPATIONS	444413058	100%	31/03/2013
ACUCAR GUARANI	2562908	58.60%	31/03/2010
SENA HOLDING LTD	-	63.31%	-
SENA LINES	-	95.10%	-
CRUZ ALTA PARTICIPAÇOES SA	-	100%	-
SAO JOSE	-	100%	-
TANABI	-	100%	-
ANDRADE	-	67.40%	-
ANDRADE AGRICULTURA LTDA	-	100%	-
USINA MANDÚ SA	-	Majority	-
USINA CARDOSO LTDA	-	100%	-
TEREOS OCEAN INDIEN	-	100%	-
SOCIETE MARROMEU LIMITED	-	72.70%	-
TEREOS AGRO-INDUSTRIE	520790825	99.01%	31/03/2013
TEREOS INTERNACIONAL	2591285	52.65%	31/03/2013
OCEAN INDIEN PARTICIPATIONS	310850870	67.10%	31/12/2003
SOLEO	485325617	100%	31/12/2010
SOLEO PARADIS	510168990	100%	-
SOLEO ISSOP	503736951	70%	-
SOC INDUST DES CAFES DE LA R...	383468196	100%	31/12/2008
QUARTIER FRANCAIS AMENAGEMEN...	490724614	100%	-
ZAC MAPOU	321327280	66.22%	31/12/2004
SYRAL HALOTEK	-	68%	-
TEREOS EU	-	99.99%	-
TEREOS OCEAN INDIEN	310864269	89.85%	31/12/2004
SCI DES VAVANGUES	394058382	100%	31/12/2004
MASCAREIGNES TRANSPORT INT...	401194386	100%	31/12/2009
EUROCANNE	349651513	100%	-
LOIRET HAENTJENS	854800315	94.87%	31/03/2013
SOFIPA	317613842	100%	31/03/2013
LOIRET ET HAENTJENS	-	100%	-
GRANOCHART SA	332618883	100%	31/03/2013
VERTINNOV	501721625	60%	31/12/2012
NAVIMPEX IBERICA SL	-	50%	-
SUCRIÈRE DES MASCAREIGNES LTD	-	40%	-
SUCRIERE DE LA REUNION	480034172	100%	31/03/2013
SOCIETE AGRICOLE DU NORD...	315160143	100%	31/12/2004
ERCANE	320180409	50%	-
SUDER 2007	492923156	100%	-
SUCRERIE DE BOIS ROUGE	315253922	100%	31/03/2013
SUCRINVEST 2005	481207983	Min blocking	-
ERCANE	320180409	50%	-
SUCRINVEST 2007	491567319	100%	-
GIE EXPORT MELASSE ALCOOLS...	310850375	48%	-
TEREOS DVO	490700895	100%	31/03/2013
TEREOS EUROPE	495061095	Majority	31/03/2013
TEREOS FRANCE	533247979	99.99%	31/03/2013
REDWOOD INDONESIA	-	50%	-

Linkages

Ultimate parent company	TEREOS
Direct parent	TEREOS OCEAN INDIEN - 94.87 %
Group ,€“ Number of companies	71
Linkages ,€“ Number of companies	29
Number of countries	10

Company Name	SIREN	Last account	Turnover
MEIJI	2778	31/03/2008	3 470 369 322 ,‚¬
MEIJI SEIKA EUROPE B.V.	33225598	31/12/2012	-
MECOR, INC	US15242834	-	275 000 $
D F STAUFFER BISCUIT CO INC	US43359510	-	0 $
AGRICOLA RODEIO	-	-	-
ANDRADEAGR - ANDRADE AGRICULT	-	-	-
BENP	-	-	-
COMPANIA DE SENA	-	-	-
CRUZ ALTA PARTICIPACOES	-	-	-
EUROCANNE	-	-	-
GRANOCHART	-	-	-
LES VAVANGUES	-	-	-
LOIRET ESPAGNE	-	-	-
LOIRET FRANCE	-	-	-
MASCAREIGNES TRANSPORT INTERNA	-	-	-
SAO JOSE	-	-	-
SAO JOSE AGRICULTURA	-	-	-
SEDALCOL EU	-	-	-
SEDALCOL FRANCE	-	-	-
SEDALCOL UK	-	-	-
SENA HOLDING LIMITED	-	-	-
SOCIETE AGRICOLE DU NORD-EST	-	-	-
SYRAL BELGIUM	-	-	-
SYRAL CHINA	-	-	-
SYRAL DO BRASIL	-	-	-
SYRAL IBERIA	-	-	-
SYRAL ITALIE	-	-	-
SYRAL UK SERVICES	-	-	-
TEREOS UNION DE CO-OPERATIVES AGRICOLE	-	-	-

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
28/01/2014	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 6359 - 854800315 RCS. LOIRET ET HAENTJENS. Forme : Societe Anonyme. Adresse : 2 Place De La Bourse 44000 Nantes. Commentaires : Comptes Annuels Et Rapports De L'exercice Clos Le : 31/03/2013.
20/11/2012	Bodacc C	Comptes annuels et rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 5650 - 854800315 RCS. LOIRET ET HAENTJENS. Forme : Societe Anonyme. Adresse : 2 Place De La Bourse 44000 Nantes. Commentaires : Comptes Annuels Et Rapports De L'exercice Clos Le : 31/03/2012.
16/10/2012	Bodacc B	Modification et mutation diverse
44 - Loire-Atlantique Greffe Du Tribunal De Commerce De Nantes 932 - 854 800 315 Rcs Nantes. Loiret Et Haentjens. Forme : Societe Anonyme. Sigle : L & H. Administration : Commissaire Aux Comptes Titulaire Partant : Ernst Et Young Audit, Modification Du Commissaire Aux Comptes Titulaire Blaise, Yves, Nomination Du Commissaire Aux Comptes Titulaire : Pricewaterhousecoopers Audit, Modification Du Commissaire Aux Comptes Suppleant Rousseau, Jean-Marc, Commissaire Aux Comptes Suppleant Partant : Rsm Secovec, Nomination Du Commissaire Aux Comptes Suppleant : Nicolas, Yves. Capital : 4677232 Eur. Activite : .  Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes.  Commentaires : Modification Survenue Sur L'administration.
28/08/2012	Bodacc C	Comptes Annuels Et Rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 5284 - 854800315 RCS. LOIRET ET HAENTJENS. Forme : Societe Anonyme à Conseil D'administration. Adresse : 2 Place De La Bourse 44000 Nantes. Commentaires :Comptes Annuels Et Rapports De L'exercice Clos Le : 31/12/2011.
16/08/2012	Bodacc B	Modification et mutation diverse
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 1121 - 854 800 315 RCS Nantes. LOIRET ET HAENTJENS. Forme : Societe Anonyme à Conseil D'administration. Sigle : L & H. Capital : 4677232 EUR. Activite : .  Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes.  Commentaires : Modification Survenue Sur Le Capital (Augmentation).
15/03/2012	Bodacc B	Modification et mutation diverse
44 - Loire-Atlantique Greffe Du Tribunal De Commerce De Nantes 727 - 854 800 315 Rcs Nantes. Loiret Et Haentjens. Forme : Societe Anonyme à Conseil D'administration. Sigle : L & H. Administration : Modification Du President Du Conseil D'administration Labro, Philippe Jean, Modification De L'administrateur Fessy, Norbert Jean-Claude. Capital : 3456000 Eur. Activite : .  Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes.  Commentaires : Modification Survenue Sur L'administration.
13/01/2012	JAL	Resignation / Revocation Of The Social Representative
Informateur Judiciaire (L ) Date De Decision : 14/12/2011 La Societe 854800315 - LOIRET HAENTJENS, L&H, 2 PL DE LA BOURSE, BP 90705, 44000 NANTES  Fait L'objet Du Depart De Monsieur Norbert FESSY, 6 Closerie Des Guilhems, 34170, CASTELNAU LE LEZ
13/01/2012	JAL	Appointment Of The Social Representative
Informateur Judiciaire (L ) Date De Decision : 14/12/2011 Societe Faisant L'objet D'une Nomination : 854800315 - LOIRET HAENTJENS, L&H, 2 PL DE LA BOURSE, BP 90705, 44000 NANTES  Nomine : Monsieur Philippe LABRO, 97417 LA MONTAGNE En La Fonction De : President Du Conseil d'Administration
30/12/2011	JAL	Appointment Of The Social Representative
L'officiel De La Reunion (Journal De l'Ile De La Reunion, Quotidien De La Reunion, Temoignages) Societe Faisant L'objet D'une Nomination : 538754813 - SCI DEUX RIVES, 2 ALL BONNIER, 97400 SAINT DENIS  Nomine :  En La Fonction De : Associe Date D'effet : 28/12/2011
30/12/2011	JAL	Appointment Of The Social Representative
L'officiel De La Reunion (Journal De l'Ile De La Reunion, Quotidien De La Reunion, Temoignages) Societe Faisant L'objet D'une Nomination : 538754839 - SCI CLOS DU VERGER, 2 ALL BONNIER, 97400 SAINT DENIS  Nomine :  En La Fonction De : Associe Date D'effet : 28/12/2011
14/10/2011	Bodacc B	Modification Et Mutation Diverse
44 - Loire-Atlantique Greffe Du Tribunal De Commerce De Nantes 805 - 854 800 315 Rcs Nantes. Loiret Et Haentjens. Forme : Societe Anonyme à Conseil D'administration. Sigle : L & H. Administration : President Du Conseil D'administration : Fessy Norbert Jean-Claude Directeur General : Rolet Vincent Administrateur : Duval Philippe Jean Charles Administrateur : Lesaffre Remy Leon Administrateur : Moser Jean-Franã§Ois Michel Administrateur : Tereos Eu, Represente Par M Van Dyck Etienne Christian Administrateur : Labro Philippe Jean Commissaire Aux Comptes Titulaire : Ernst Et Young Audit Commissaire Aux Comptes Titulaire : Blaise Yves Commissaire Aux Comptes Suppleant : Rousseau Jean-Marc Commissaire Aux Comptes Suppleant : Rsm Secovec. Capital : 3456000 Eur. Activite : Vente De Marchandises Courtage Representation Commission Consignation Transit Douane Manutention Maritime Et Terrestre. Adresse De L,€™Etablissement Principal : 2 Place De La Bourse, 44000 Nantes.  Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes.  Commentaires : Changement De President Directeur General Et De Directeur General. Date De Commencement De L,€™Activite : 01/06/1919. Date D,€™Effet :01/07/2011.
16/09/2011	JAL	Proposed Merger
Echo d'Ancenis Et Du Vignoble (L') Date De Decision : 26/08/2011 Absorbant : 854800315 - LOIRET HAENTJENS, L&H, 2 PL DE LA BOURSE, BP 90705, 44000 NANTES Absorbe : 378928790 - CEINERAY, CEINERAY, 2 PL DE LA BOURSE, 44000 NANTES Date D'effet : 01/09/2011
02/09/2011	JAL	Appointment Of The Social Representative
Informateur Judiciaire (L') Societe Faisant L'objet D'une Nomination : 854800315 - LOIRET HAENTJENS, L&H, 2 PL DE LA BOURSE, BP 90705, 44000 NANTES  Nomine : Monsieur Vincent ROLET En La Fonction De : Directeur General Date D'effet : 01/07/2011
08/04/2011	JAL	Appointment Of The Social Representative
Journal Special Des Societes (Le) Societe Faisant L'objet D'une Nomination : 302177563 - SOCIETE NAVIMPEX, 110 RUE DE PARIS, 94220 CHARENTON LE PONT  Nomine :  En La Fonction De : President Date D'effet : 05/04/2011
23/03/2011	Bodacc B	Modification et mutation diverse
44 - Loire-Atlantique Greffe Du Tribunal De Commerce De Nantes 982 - 854 800 315 Rcs Nantes. Loiret Et Haentjens. Forme : Societe Anonyme à Conseil D'administration. Sigle : L & H. Administration : President Du Conseil D'administration Et Directeur General : Fessy Norbert Jean-Claude Administrateur : Duval Philippe Jean Charles Administrateur : Lesaffre Remy Leon Administrateur : Moser Jean-Franã§Ois Michel Administrateur : Tereos Eu, Represente Par M Van Dyck Etienne Christian Administrateur : Labro Philippe Jean Commissaire Aux Comptes Titulaire : Ernst Et Young Audit Commissaire Aux Comptes Titulaire : Blaise Yves Commissaire Aux Comptes Suppleant : Rousseau Jean-Marc Commissaire Aux Comptes Suppleant : Rsm Secovec. Capital : 3456000 Eur. Activite : Vente De Marchandises Courtage Representation Commission Consignation Transit Douane Manutention Maritime Et Terrestre. Adresse De L,€™Etablissement Principal : 2 Place De La Bourse, 44000 Nantes.  Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes.  Commentaires : Changement D'administrateur. Date De Commencement De L,€™Activite : 01/06/1919. Date D,€™Effet : 25/06/2010.
05/01/2011	JAL	Appointment Of The Social Representative
Centre Presse Societe Faisant L'objet D'une Nomination : 525368080 - SCI TREGOR PATRIMOINE, 2 ALL BONNIER, 97400 SAINT DENIS  Nomine :  En La Fonction De : Associe Date D'effet : 30/12/2010
04/01/2011	JAL	Appointment of the social representative
L'officiel De La Reunion (Journal De l'Ile De La Reunion, Quotidien De La Reunion, Temoignages) Societe Faisant L'objet D'une Nomination : 525368098 - SCI LES BANIANS, 2 ALL BONNIER, 97400 SAINT DENIS  Nomine :  En La Fonction De : Associe Nomine :  En La Fonction De : Associe Date D'effet : 30/12/2010
10/12/2010	JAL	Appointment Of The Social Representative
Informateur Judiciaire (L') Societe Faisant L'objet D'une Nomination : 854800315 - LOIRET HAENTJENS, L&H, 2 PL DE LA BOURSE, BP 90705, 44000 NANTES  Nomine : Monsieur Philippe LABRO En La Fonction De : Administrateur Nomine : Non Renseignee TEREOS EU En La Fonction De : Administrateur Date D'effet : 25/06/2010
15/09/2010	Bodacc C	Comptes Annuels Et Rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 6498 - 854800315 RCS. LOIRET ET HAENTJENS. Forme : Societe Anonyme à Conseil D'administration. Adresse : 2 Place De La Bourse 44000 Nantes. Commentaires :Comptes Annuels Et Rapports De L'exercice Clos Le : 31/12/2009.
12/08/2009	Bodacc C	Comptes Annuels Et Rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 4094 - 854800315 RCS. LOIRET ET HAENTJENS. Forme : Societe Anonyme à Conseil D'administration. Adresse : 2 Place De La Bourse 44000 Nantes. Commentaires :Comptes Annuels Et Rapports De L'exercice Clos Le : 31/12/2008.
24/07/2008	Bodacc C	Comptes Annuels Et Rapports
44 - LOIRE-ATLANTIQUE GREFFE DU TRIBUNAL DE COMMERCE DE NANTES 5915 - 854800315 RCS. LOIRET ET HAENTJENS. Forme : Societe Anonyme à Conseil D'administration. Adresse : 2 Place De La Bourse 44000 Nantes. Commentaires :Comptes Annuels Et Rapports De L'exercice Clos Le : 31/12/2007.
20/11/2007	Bodacc C	Avis De Depã´T Des Comptes
5748 - 854 800 315. RCS Nantes LOIRET ET HAENTJENS. Sigle: L & H Forme: Societe Anonyme à Conseil D'administration. Adresse Du Siã¨Ge Social: 2 Place De La Bourse 44000 Nantes. Comptes Annuels Et Rapports De L'exercice Clos Le: 31 Decembre 2006.
29/11/2006	Bodacc B	Modifications Et Mutations Diverses
0546 - RCS Nantes B 854 800 315. RC 54-B 31. LOIRET ET HAENTJENS. Sigle : L&H. Forme : S.A. à Conseil D'administration. Capital : 3 456 000 Euros. Adresse Du Siã¨Ge Social : 2 Place De La Bourse,, 44000 Administration : President Du Conseil D'administration Et Directeur General : FESSY (Norbert, Jean-Claude). Administrateurs : THIEBLIN (Xavier, Marie, Michel) BOURDILLON (Jean, Pierre) GROUPE QUARTIER FRANÇAIS-GQF PETIN (Bernard, Marie) DUVAL (Philippe, Jean, Charles) LESAFFRE (Remy, Leon) BERNEUIL PARTICIPATIONS. Nomination En Qualite D'administrateur : MOSER (Jean-Franã§Ois, Michel). Commissaires Aux Comptes Titulaires : ERNST & YOUNG AUDIT BLAISE (Yves). Commissaires Aux Comptes Suppleants : ROUSSEAU (Jean-Marc) RSM SECOVEC. Ancienne Administration : Ancien Commissaire Aux Comptes Suppleant : FRITSCH (Franã§Ois). Ancien Commissaire Aux Comptes Titulaire : EURA AUDIT FIDEURAF. Ancien Administrateur : DUPONT (Guy). Etablissement Principal - Activite : Achat, Vente De Marchandises, Courtage, Representation, Commission, Consignation, Transit, Douane, Manutention Maritime Et Terrestre. Adresse : 2 Place De La Bourse, 44000 Date D'effet : 9 Juin 2006.
10/09/2006	Bodacc C	Avis De Depã´T Des Comptes
2764 - RCS Nantes B 854 800 315. RC 54-B 31. LOIRET ET HAENTJENS. Sigle: L & H Forme: S.A. à Conseil D'administration . Adresse Du Siã¨Ge Social: 2, Place De La Bourse,44000 Nantes. Comptes Annuels Et Rapports De L'exercice Clos Le: 31 Decembre 2005.
14/08/2005	Bodacc C	Avis De Depã´T Des Comptes
2355 - RCS Nantes B 854 800 315. RC 54-B 31. LOIRET ET HAENTJENS. Sigle: L & H Forme: S.A. à Conseil D'administration . Adresse Du Siã¨Ge Social: 2, Place De La Bourse,44000 Nantes. Comptes Annuels Et Rapports De L'exercice Clos Le: 31 Decembre 2004.
28/07/2005	Bodacc B	Modifications Et Mutations Diverses
1233 - RCS Nantes B 854 800 315. RC 54-B 31. LOIRET ET HAENTJENS. Sigle : L & H. Forme : S.A. à Conseil D'administration. Capital : 3 456 000 Euros. Adresse Du Siã¨Ge Social : 2 Place De La Bourse,, 44000 Administration : President Du Conseil D'administration Et Directeur General : FESSY (Norbert, Jean-Claude). Administrateurs : DUPONT (Guy) THIEBLIN (Xavier, Marie, Michel) BOURDILLON (Jean, Pierre) GROUPE QUARTIIER FRANÇAIS-GQF PETIN (Bernard, Marie) DUVAL (Philippe, Jean, Charles) LESAFFRE (Remy, Leon) BERNEUIL PARTICIPATIONS. Commissaires Aux Comptes Titulaires : EURA AUDIT FIDEURAF ERNST & YOUNG AUDIT. Commissaires Aux Comptes Suppleants : FRITSCH (Franã§Ois) ROUSSEAU (Jean-Marc). Ancienne Administration : Ancien Administrateur : GIRARDOT (Bernard). Etablissement Principal - Activite : Achat, Vente De Marchandises, Courtage, Representation, Commission, Consignation, Transit, Douane, Manutention Maritime Et Terrestre. Adresse : 2 Place De La Bourse, 44000 Date D'effet : 3 Juin 2005.
03/08/2003	Bodacc B	Modifications Et Mutations Diverses
RCS Nantes B 854800315 RC 54-B 31 LOIRET ET HAENTJENS. Sigle : L & H. Forme : S.A. à Conseil D'administration. Capital : 3 456 000 Euros. Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes. Administration : President Du Conseil D' Administration Et Directeur General : FESSY (Norbert, Jean-Claude). Administrateurs : DUPONT (Guy) THIEBLIN (Xavier, Marie, Michel) BOURDILLON (Jean, Pierre) GROUPE QUARTIER FRANCAIS-GQF DUVAL (Philippe, Jean, Charles) LESAFFRE (Remy, Leon) GIRARDOT (Bernard) BERNEUIL PARTICIPATIONS, Representee Par DURRIS ( Jean-Pierre). Commissaires Aux Comptes Titulaires : EURA AUDIT FIDEURAF ERNST & YOUNG AUDIT. Commissaires Aux Comptes Suppleants : FRITSCH (Franã§Ois) ROUSSEAU (Jean-Marc). Ancien Administrateur : S.A. SUCRIERE DE BERNEUIL-SUR-AISNE Etablissement Principal: Activite : Achat, Vente De Marchandises, Courtage, Representation, Commission, Consignation, Transit, Douane, Manutention Maritime Et Terrestre. Adresse : 2 Place De La Bourse, 44000 Nantes. Date D'effet : 12 Juin 2003.
25/12/2002	Bodacc B	Modifications Et Mutations Diverses
RCS Nantes B 854800315 RC 54-B 31 LOIRET ET HAENTJENS. Sigle : L & H. Forme : S.A. à Conseil D'administration. Capital : 3 456 000 Euros. Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes. Administration : President Du Conseil D' Administration Et Directeur General : FESSY (Norbert, Jean-Claude). Administrateurs : DUPONT (Guy) THIEBLIN (Xavier, Marie, Michel) BOURDILLON (Jean, Pierre) GROUPE QUARTIER FRANCAIS DUVAL (Philippe, Jean, Charles) LESAFFRE (Remy, Leon) GIRARDOT (Bernard) SUCRIERE DE BERNEUIL-SUR-AISNE. Commissaires Aux Comptes Titulaires : EURA AUDIT FIDEURAF ERNST ET YOUNG AUDIT. Commissaires Aux Comptes Suppleants : FRITSCH (Franã§Ois) ROUSSEAU (Jean- Marc). Ancien Administrateur : U.C.O.A. UNION DES SUCRERIES ET DISTILLERIES Etablissement Principal: Activite : Toutes Operations D'achat, De Vente De Marchandises, Courtage, Representation, Commission, Consignation, Transit, Douane, Manutention Maritime Et Terrestre. Adresse : 2 Place De La Bourse, 44000 Nantes. Date D'effet : 24 Juin 2002.
22/12/2002	Bodacc A	Creation d'Etablissement
RCS B 854800315 SOCIETE LOIRET & HAENTJENS. Forme : S.A. Capital : 3 560 000 Euros. Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes Etablissement Principal: Activite : Negoce Et Redistribution De Produits Phytosanitaires, Negoce Et Redistribution De Semences. Adresse : 4 Place De La Gare, 37360 Saint-Antoine- Du-Rocher Etablissement Principal Acquis Par Cession Au Prix Stipule De 215 000 Euros. Date D'effet : 4 Octobre 2002. Precedent Proprietaire : SOCIETE SOCAGRA. RCS B 314514001 Publication Legale: L'Action Agricole De Touraine Du 8 Novembre 2002 Et Additif Du 22 Novembre 2002. Oppositions : M E Duvivier, 112 Rue De Boisdenier, 37000 Tours.
11/09/2002	Bodacc B	Modifications Et Mutations Diverses
RCS Nantes B 854800315 RC 54-B 31 LOIRET ET HAENTJENS. Sigle : L & H. Forme : S.A. à Conseil D'administration. Capital : 3 456 000 Euros. Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes. Administration : President Du Conseil D' Administration Et Directeur General : FESSY (Norbert, Jean-Claude). Administrateurs : DUPONT (Guy) THIEBLIN (Xavier, Marie, Michel) BOURDILLON (Jean, Pierre) GROUPE QUARTIIER FRANCAIS-G.Q.F. DUVAL ( Philippe, Jean, Charles) UNION DES SUCRERIES ET DISTILLERIES AGRICOLES- UNION S.D.A. LESAFFRE (Remy, Leon) GIRARDOT (Bernard). Commissaires Aux Comptes Titulaires : EURA AUDIT FIDEURAF ERNST & YOUNG AUDIT. Commissaires Aux Comptes Suppleants : FRITSCH (Franã§Ois) ROUSSEAU (Jean- Marc). Ancien Directeur General : BROCHE (Andre, Franã§Ois, Vincent, Gaston) Etablissement Principal: Activite : Toutes Operations D'achat Et De Vente De Marchandises Courtage, Representation, Commission, Consignation, Transit, Douanes, Manutention Maritime Et Terrestre. Adresse : 2 Place De La Bourse, 44000 Nantes. Date D'effet : 31 Mars 2002.
19/05/2002	Bodacc B	Modifications Et Mutations Diverses
Ancienne Situation Du Siã¨Ge Social. RCS Nantes B 854800315 RC 54-B 31 LOIRET ET HAENTJENS. Sigle : L&H. Forme : S.A. à Conseil D'administration. Capital : 21 600 000 F. Adresse : 2 Place De La Bourse, 44000 Nantes. Administration : President Du Conseil D'administration : FESSY ( Norbert, Jean-Claude). Directeur General : BROCHE (Andre, Franã§Ois, Vincent, Gaston). Administrateurs : DUPONT (Guy) THIEBLIN (Xavier, Marie, Michel) BOURDILLON (Jean-Pierre) GROUPE QUARTIER FRANCAIS-G.Q.F. DUVAL (Philippe, Jean-Charles) UNION DES SUCRERIES ET DISTILLERIES AGRICOLES- UNION S.D.A. LESAFFRE (Remy, Leon) GIRARDOT (Bernard). Commissaires Aux Comptes Titulaires : EURA AUDIT FIDEURAF ERNST & YOUNG AUDIT. Commissaires Aux Comptes Suppleants : FRITSCH (Franã§Ois) ROUSSEAU (Jean- Marc). Ancien Administrateur : LESAFFRE (Lucien, Leon) Nouvelle Situation Du Siã¨Ge Social. Capital : 3 456 000 Euros Etablissement Principal: Activite : Toutes Operations D'achat Et De Vente De Marchandises Courtage, Representation, Commission, Consignation, Transit, Douane, Manutention Maritime Et Terrestre. Adresse : 2 Place De La Bourse, 44000 Nantes. Date D'effet : 18 Juin 2001.
07/08/2001	Bodacc B	Modifications Et Mutations Diverses
RCS Nantes B 854800315 RC 54-B 31 LOIRET ET HAENTJENS. Sigle : L. & H. Forme : S.A. à Conseil D'administration. Capital : 21 600 000 F. Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes. Administration : President Du Conseil D' Administration : FESSY (Norbert, Jean- Claude). Directeur General : BROCHE ( Andre, Franã§Ois, Vincent, Gaston). Administrateurs : DUPONT (Guy) THIEBLIN (Xavier, Marie, Michel) LESAFFRE (Lucien, Leon) GROUPE QUARTIIER FRANCAIS DUVAL (Philippe, Jean, Charles) UNION DES SUCRERIES ET DISTILLERIES AGRICOLES-UNION S.D.A. Commissaires Aux Comptes Titulaires : EURA AUDIT FIDEURAF ERNST ET YOUNG AUDIT. Commissaires Aux Comptes Suppleants : FRITSCH (Franã§Ois) ROUSSEAU (Jean-Marc). Anciens Administrateurs : DECAMPS (Pierre, Marcel) DE CHATEAUVIEUX (Jacques, Marie) D'ARMAND DE CHATEAUVIEUX ( Henri, Marie) BOUHIER DE L'ECLUSE ( Bernard) Etablissement Principal: Activite : Toutes Operations D'achat, De Vente De Marchandises, Courtage, Representation, Commission, Consignation, Transit En Douane, Manutention Maritime Et Terrestre. Adresse : 2 Place De La Bourse, 44000 Nantes. Date D'effet : 4 Avril 2001.
18/10/2000	Bodacc B	Modifications Et Mutations Diverses
RCS Nantes B 854800315 RC 54-B 31 LOIRET ET HAENTJENS. Sigle : L. & H. Forme : S.A. à Conseil D'administration. Capital : 21 600 000 F. Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes. Administration : President Du Conseil D' Administration : FESSY (Norbert, Jean- Claude). Directeur General : BROCHE ( Andre, Franã§Ois, Vincent, Gaston). Administrateurs : DE CHATEAUVIEUX ( Jacques, Marie) BOUHIER DE L'ECLUSE ( Bernard) DECAMPS (Pierre, Marcel) D' ARMAND DE CHATEAUVIEUX (Henri, Marie) DUPONT (Guy) LESAFFRE (Lucien, Leon). Commissaires Aux Comptes Titulaires : EURA AUDIT FIDEURAF ERNST ET YOUNG AUDIT. Commissaires Aux Comptes Suppleants : FRITSCH (Franã§Ois) ROUSSEAU (Jean-Marc). Ancien Commissaire Aux Comptes Titulaire : A.R. C.-AUDIT REVISION CONTROLE. Ancien Commissaire Aux Comptes Suppleant : LEPICARD (Franã§Ois) Etablissement Principal: Activite : Toutes Operations D'achat Et De Vente De Marchandises Courtage, Representation, Commission, Consignation, Transit, Douane, Manutention Maritime Et Terrestre. Adresse : 2 Place De La Bourse, 44000 Nantes. Date D'effet : 6 Juin 2000.
12/09/1999	Bodacc B	Modifications Et Mutations Diverses
RCS Nantes B 854800315 RC 54-B 31 LOIRET ET HAENTJENS. Sigle : L. ET H. Forme : S.A. à Conseil D'administration. Capital : 21 600 000 F. Adresse Du Siã¨Ge Social : 2 Place De La Bourse, 44000 Nantes. Administration : President Du Conseil D'administration : FESSY ( Norbert, Jean-Claude). Directeur General : BROCHE (Andre, Franã§Ois, Vincent, Gaston). Administrateurs : DE CHATEAUVIEUX (Jacques, Marie) BOUHIER DE L'ECLUSE (Bernard) DECAMPS (Pierre, Marcel) D'ARMAND DE CHATEAUVIEUX ( Henri, Marie) DUPONT (Guy) LESAFFRE (Lucien, Leon). Commissaires Aux Comptes Titulaires : STE FIDEURAF S.A. A.R.C. Commissaire Aux Comptes Suppleant : LEPICARD (Franã§Ois). Ancien President Du Conseil D'administration : DE CHATEAUVIEUX (Jacques) Etablissement Principal: Activite : Toutes Operations D'achat Et De Vente De Marchandises Courtage, Representation, Commission, Consignation, Transit, Douane, Manutention Maritime Et Terrestre. Adresse : 2 Place De La Bourse, 44000 Nantes. Date D'effet : 24 Juin 1999.
19/08/1995	Bodacc B	Modifications Et Mutations Diverses
RCS O. RCS Nantes B 854 800 315 RC RC 54- B 31 LOIRET ET HAENTJENS. Sigle : L. ET H. Forme : S.A. à Conseil D'administration. Capital : 21 600 000 F. Adresse Du Siã¨Ge Social : 2, Place De La Bourse 44000 Nantes. Administration : President Du Conseil D'administration : DE CHATEAUVIEUX (Jacques, Marie) Directeur General : BROCHE (Andre, Franã§Ois, Vincent, Gaston). Administrateurs : BOUHIER DE L'ECLUSE (Bernard) DECAMPS (Pierre, Marcel) D'ARMANT DE CHATEAUVIEUX (Henri, Marie) DUPONT ( Guy) LESAFFRE (Lucien, Leon). Commissaires Aux Comptes Titulaires : SOCIETE FIDEURAF S.A. A.R.C. Commissaire Aux Comptes Suppleant : LEPICARD (Franã§Ois). Ancien Commissaire Aux Comptes Titulaire : ROUGIER (Andre) Etablissement Principal: Activite : Toutes Operations D'achat Et De Vente De Marchandises, Courtage, Representation, Commission, Consignation, Transit, Douane, Manutention Maritime Et Terrestre. Adresse : 2, Place De La Bourse 44000 Nantes Date De Debut D'activite: 1er Juin 1919. Date D'effet : 19 Juin 1995.

Company events history

Date	Description
28/01/2014	Bodacc C : Deposit accounts notice
21/01/2014	Update Rating
21/01/2014	Update Limit
21/01/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
03/01/2014	Update of participations in other companies
15/10/2013	Update Rating
15/10/2013	Update Limit
18/07/2013	Update Rating
18/07/2013	Update Limit
07/06/2013	Update of participations in other companies
07/06/2013	Disengagement of the group
07/06/2013	New parent detected
03/05/2013	Disengagement in other companies
03/05/2013	New subsidiarie(s) detected
31/03/2013	New accounts available
18/12/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
20/11/2012	Bodacc C : Deposit accounts notice
16/10/2012	Bodacc B: Various editing or changing
05/10/2012	Disengagement of the group
05/10/2012	New subsidiarie(s) detected
01/10/2012	Updated articles of association
01/10/2012	New closing date
01/10/2012	New auditor
01/10/2012	Minutes of general meeting of shareholders
28/08/2012	Bodacc C : Deposit accounts notice
16/08/2012	Bodacc B: Various editing or changing
09/08/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
03/08/2012	New subsidiarie(s) detected
31/07/2012	Office copy
31/07/2012	Updated articles of association
31/07/2012	Fund deposit certificate
31/07/2012	Merger
31/07/2012	Declaration of conformity
31/07/2012	Capital increase
31/03/2012	New accounts available
15/03/2012	Bodacc B: Various editing or changing
02/03/2012	New ultimate parent
29/02/2012	Minutes of Board meeting
29/02/2012	New chairman (CEO, CoB)
13/01/2012	Legal Gazette: Resignation / Revocation of the social representative
31/12/2011	New accounts available
28/12/2011	Legal Gazette: Appointment of the social representative
14/12/2011	Legal Gazette: Appointment of the social representative
14/10/2011	Bodacc B: Various editing or changing
10/10/2011	Other modification of Establishment
05/10/2011	New chairman (CEO, CoB)
05/10/2011	Changes to the Board of Directors
29/09/2011	Audit or Management Report
08/09/2011	Legal Gazette: Proposed merger
01/09/2011	Planned merger
01/09/2011	Merger
30/08/2011	Bodacc C : Deposit accounts notice
26/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
27/07/2011	Application and court order
01/07/2011	Legal Gazette: Appointment of the social representative
05/04/2011	Legal Gazette: Appointment of the social representative
23/03/2011	Bodacc B: Various editing or changing
12/03/2011	Minutes of general meeting of shareholders
12/03/2011	Changes to the Board of Directors
31/12/2010	New accounts available
30/12/2010	Legal Gazette: Appointment of the social representative
15/09/2010	Bodacc C : Deposit accounts notice
25/06/2010	Legal Gazette: Appointment of the social representative
22/02/2010	Disengagement of the group
22/02/2010	New shareholders detected
22/02/2010	New subsidiarie(s) detected
22/02/2010	New ultimate parent
22/02/2010	New parent detected
31/12/2009	New accounts available
12/08/2009	Bodacc C : Deposit accounts notice
05/05/2009	Collection of preferential rights activated for this company
31/12/2008	New accounts available
24/07/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
31/12/2006	New accounts available
15/11/2006	Changes to the Board of Directors
15/11/2006	Modification du Conseil d'Administration
15/11/2006	Power of attorney
15/11/2006	New auditor
15/11/2006	Changement de Commissaire aux Comptes
15/11/2006	Minutes of general meeting of shareholders
15/11/2006	PV d'AssemblEe
15/11/2006	Appointment/resignation of company officers
15/11/2006	Private document
01/01/2006	Modification to Establishment Address or Identifier
31/12/2005	New accounts available
08/07/2005	Nomination/dEmission des organes de gestion
08/07/2005	Minutes of general meeting of shareholders
08/07/2005	Acte sous seing privE
08/07/2005	Modification du Conseil d'Administration
08/07/2005	Appointment/resignation of company officers
08/07/2005	PV d'AssemblEe
08/07/2005	Private document
08/07/2005	Changes to the Board of Directors
31/12/2004	New accounts available
31/12/2003	New accounts available
23/07/2003	PV d'AssemblEe
23/07/2003	Nomination/dEmission des organes de gestion
23/07/2003	Modification du Conseil d'Administration
23/07/2003	Acte sous seing privE
12/12/2002	Acte sous seing privE
12/12/2002	PV d'AssemblEe
12/12/2002	Nomination/dEmission des organes de gestion
12/12/2002	Modification du Conseil d'Administration
29/08/2002	Statuts mis à jour
29/08/2002	PV du Conseil d'Administration
29/08/2002	Nomination/dEmission des organes de gestion
29/08/2002	Acte sous seing privE
29/08/2002	Modification du Conseil d'Administration
29/04/2002	Statuts mis à jour
29/04/2002	PV d'AssemblEe
29/04/2002	Nomination/dEmission des organes de gestion
29/04/2002	Acte sous seing privE
29/04/2002	Modification du Conseil d'Administration
29/04/2002	Augmentation de Capital
29/04/2002	Conversion du Capital Social en Euros
23/07/2001	PV du Conseil d'Administration
23/07/2001	Nomination/dEmission des organes de gestion
23/07/2001	Acte sous seing privE
23/07/2001	Modification du Conseil d'Administration
03/10/2000	PV d'AssemblEe
03/10/2000	Nomination/dEmission des organes de gestion
03/10/2000	Acte sous seing privE
03/10/2000	Changement de Commissaire aux Comptes
30/08/1999	Changement de PrEsident (PDG, PCA)
30/08/1999	Nomination/dEmission des organes de gestion
30/08/1999	PV du Conseil d'Administration
30/08/1999	PV d'AssemblEe
30/08/1999	Acte sous seing privE
30/08/1999	Modification du Conseil d'Administration
01/08/1995	PV d'AssemblEe
01/08/1995	Modification du Conseil d'Administration
19/07/1995	Statuts mis à jour
19/07/1995	PV d'AssemblEe
28/07/1994	PV d'AssemblEe
28/07/1994	Nomination/dEmission des organes de gestion
28/07/1994	Modification du Conseil d'Administration

Establishment events history

Date	Description
21/01/2014	Update Rating
21/01/2014	Update Limit
05/01/2014	Update Limit
07/12/2013	Update Rating
08/06/2013	Update Rating
18/12/2012	Update Rating
18/12/2012	Update Limit
16/10/2012	Update Rating
07/01/2012	Update Rating
10/10/2011	Modification of Head office
18/01/2011	Update Rating
29/12/2009	Update Rating
22/10/2009	Update of phone numbers
04/06/2009	Update Rating
09/12/2007	Update Limit
16/10/2007	Update of phone numbers
04/10/2007	Update Rating
2006	Update of Establishment Address
2006	Modification of Head office Identification

directors

Shareholder(s)

Name	TEREOS EU
Name of representative
Manager position	Administrator	Date of birth
Place of birth
Type	Moral person	Name at birth

Name	M. LABRO PHILIPPE JEAN
Manager position	Chairman of the Board	Date of birth	01/08/1962
Place of birth	PARIS (75019)
Type	Individual	Name at birth

Name	M. ROLET VINCENT
Manager position	Managing director	Date of birth	18/10/1961
Place of birth	PARIS (75016)
Type	Individual	Name at birth

Name	M. FESSY NORBERT JEAN-CLAUDE
Manager position	Administrator	Date of birth	25/06/1949
Place of birth	THONON-LES-BAINS (74200)
Type	Individual	Name at birth

Name	M. DUVAL PHILIPPE JEAN CHARLES
Manager position	Administrator	Date of birth	23/01/1944
Place of birth	CONDE SUR SUIPPE (02190)
Type	Individual	Name at birth

Name	M. LESAFFRE REMY LÉON
Manager position	Administrator	Date of birth	24/06/1948
Place of birth	WASQUEHAL (59290)
Type	Individual	Name at birth

Name	M. MOSER JEAN-FRANÇOIS MICHEL
Manager position	Administrator	Date of birth	27/08/1962
Place of birth	NICE (06000)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Administrator	BERNEUIL PARTICIPATIONS	- - -
Administrator	GROUPE QUARTIER FRANCAIS GQF	- - -
Administrator	GROUPE QUARTIIER FRANCAIS GQF	- - -
Administrator	M JEAN-FRANCOIS MOSER	- - -
Administrator	TEREOS EU	- - -

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.03
UK Pound	1	Rs.98.91
Euro	1	Rs.80.33

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	MNL

RATING EXPLANATIONS

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

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

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

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

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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