MIRA INFORM REPORT

Report Date :

09.06.2014

IDENTIFICATION DETAILS

Name :	DISTRIBORG FRANCE
Registered Office :	Distriborg France, S.S.F. Saveurs Sans Frontieres, 217 Che Du Grand Revoyet 69230 Saint Genis Laval
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	10/1995
Legal Form :	Simplified joint stock company
Line of Business :	Wholesaler of (intercompany trade) various specialized food (4638B)
No of Employees :	250 to 499

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

REGISTERED NAME & COMPANY SUMMARY

Name

DISTRIBORG FRANCE

SIRET

402 712 350 00014

Personal comment

Company summary

Trade name	S.S.F. SAVEURS SANS FRONTIERES
		EUR VAT Number	FR25402712350
Activity (APE)	Wholesaler of (intercompany trade) various specialized food (4638B)	Legal form	Simplified joint stock company
Phone	04 72 67 10 60	RCS Registration	RCS Lyon 9 402 712 350
Fax	04 72 67 10 31	Share capital	10,402,130 Euros
Address	DISTRIBORG FRANCE S.S.F. SAVEURS SANS FRONTIERES 217 CHE DU GRAND REVOYET 69230 SAINT GENIS LAVAL	Incorporated Date	10/1995
Nationality	France	Status	Economically active

Activity (APE)	Wholesaler of (intercompany trade) various specialized food (4638B)
RCS Registration	RCS Lyon 9 402 712 350	Share capital	10,402,130 Euros
Registration Court	Lyon (69)	Legal form	Simplified joint stock company
Court Registry Number	19 9 5B03016	EUR VAT Number	FR25402712350
Incorporation Date	10/1995	Formation Date	10/1995
Deregistration Date		Last account Date	31/12/2012
Nationality	France

DIRECTORS/MANAGEMENT

Current Directors

1

directors

Name	DISTRIBORG GROUPE
Name of representative	M BARNOUIN CHRISTOPHE
Manager position	President	Date of birth	14/03/1968
Place of birth	NICE
Type	Moral person	Name at birth

Previous Directors

View the directors history for this company
If you want to view the directors history, please click on the link view details.

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

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

SHARE & SHARE CAPITAL INFORMATION

N/a

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data

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GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
Company Name	Company number	Click here to view the affiliation links
KONINKLIJKE WESSANEN NV	33145851	27 companies in 6 countries. Click here to visit linked companies

Group data

Ultimate parent company	KONINKLIJKE WESSANEN NV
Direct parent	DISTRIBORG GROUPE - 100 %
Group – Number of companies	68
Linkages – Number of companies	27
Number of countries	6

Group Structure

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KONINKLIJKE WESSANEN NV

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Company Name	SIREN	Parts	Last account published
KONINKLIJKE WESSANEN N.V.	33145851	-	31/12/2013
WESSANEN FINANCE B.V.	33283831	100%	-
WESSANEN EUROPE B.V.	33247441	100%	-
HAGOR NV	400949894	100%	31/12/2012
WESSANEN FRANCE HOLDING SAS	343173647	100%	31/12/2012
DISTRIBORG GROUPE	970502761	100%	31/12/2012
CHANTENAT	349222950	100%	31/12/2012
R BONNETERRE	682043724	100%	31/12/2012
BIO DISTRIFRAIS CHANTENAT	971507785	100%	31/12/2012
DISTRIBORG FRANCE	402712350	100%	31/12/2012
DEN HERTOG	831099	100%	-
BIOSERVICE NV	-	100%	-
BIOSERVICE SOMBREFFE SPRL	-	100%	-
BECKERS ALIMENTACION	28995	100%	-
WESSANEN ITALIA S.R.L.	RE265350	100%	31/12/2012
BIO SLYM SRL	-	100%	-
ELB B.V.	33303973	100%	-
WESSANEN BETEILIGUNGS GMBH	-	100%	-
NOORDERHOUT B.V.	27164360	100%	-
NABM AMSTERDAM B.V.	27164253	100%	-
WESSANEN GREAT BRITAIN HOLDINGS ...	04633911	100%	31/12/2012
KALLO FOODS LIMITED	02893019	100%	31/12/2012
KALLO FOODS LIMITED	02893019	100%	31/12/2012
THE ORIENT TRADING COMPANY...	02300496	100%	31/12/2007
KALLO INTERNATIONAL LIMI...	02863100	100%	31/12/2007
KALLO LIMITED	02998783	50%	31/12/2007
KALLO LIMITED	02998783	50%	31/12/2007
WHOLE EARTH FOODS LIMITED	00906935	100%	28/02/2013
TREE OF LIFE UK LIMITED	03539683	100%	31/03/2013
BREWHURST HEALTH FOOD SUPPLI...	02776728	100%	31/03/2013
TASTY FOODS LIMITED	00800963	100%	-
NATURE'S ORGANIC LIMITED	03931778	100%	31/12/2007
CHINESE WHISPERS (U.K.) LI...	03847770	50%	31/12/2007
NATURE'S STORES LTD	-	100%	-
WESSANEN DEUTSCHLAND GMBH	HRB 25867 HB	100%	31/12/2007
ALLOS GMBH	HRB 100318	100%	31/12/2012
ALLOS SCHWARZWALD GMBH	HRB 5558	100%	31/12/2012
TARTEX GMBH	-	100%	-
BECKERS VERTRIEBS GMBH	HRB 26964 HB	100%	31/12/2011
COSA NATURPRODUKTE GMBH	HRB 7373	100%	31/12/2012
WESSANEN TRANSATLANTIC HOLDINGS B....	33242732	100%	-
WESSANEN HOLDINGS INC	-	100%	-
WESSANEN USA INC	-	100%	-
AMERICAN BEVERAGE CORPORATION	-	100%	-
CALIFORNIA FOODS INC	-	100%	-
BEHEERSMIJ WESSANEN BV	-	100%	-
WESSANEN NEDERLAND HOLDING B.V.	33163731	100%	-
WESSANEN NEDERLAND B.V.	33147410	100%	-
ZONNATURA B.V.	08011333	100%	-
BECKERS HOLDING B.V.	13026176	100%	31/12/2012
BECKERS B.V.	18021243	100%	-
BECKERS NEDERLAND B.V.	13024830	100%	-
BECKERS DEURNE B.V.	17047471	100%	-
BECKERS TILBURG B.V.	18016083	100%	-
BECKERS KATWIJK B.V.	28055374	100%	-
BECKERS ESSEN NV	-	100%	-
OSKA ONROEREND GOED NV	-	100%	-
WESSANEN BELGIUM NV	-	100%	-
FASTFOOD CONVENIENCE GROUPL BV	-	60.60%	-
NATUDIS NEDERLAND B.V.	08017412	100%	-
NATUDIS B.V.	08074058	100%	-
DE RIT NATUURPRODUCTEN B.V.	11022313	100%	-
NATUVASTGOED B.V.	08022859	100%	-
ORGANIC INVESTMENTS B.V.	08022989	100%	-
NWO BV	-	100%	-
NATUMERKEN B.V.	08023445	100%	-
PERSONEELSVERENIGING FAVORY CONVENIE...	40240334	64.10%	-
KROON B.V.	02333540	100%	-

Linkages

Ultimate parent company	KONINKLIJKE WESSANEN NV
Direct parent	DISTRIBORG GROUPE - 100 %
Group – Number of companies	68
Linkages – Number of companies	27
Number of countries	6
Company Name		SIREN		Last account	Turnover
LUCAS BOLS GMBH			HRB 700924	31/12/2011	-
LUCAS BOLS GMBH I. L			HRB 3349	31/12/2009	1 132 €
BOUWCENTER KROON HOOGEVEEN B.V.			02077271	31/12/2012	-
CLIPPER TEAS HOLDINGS LIMITED			06438380	31/12/2011	16 041 940 £
WESSANEN DEUTSCHLAND GMBH			HRB 26028 HB	31/12/2011	-
NATUURVOEDINGS WINKEL ORGANISATIE B.V.			08074869	31/12/2006	-
DE RIT NATURFEINKOST GMBH			HRB 2896	31/12/2011	-
BIO S.L.Y.M. S.R.L.			MN218821	31/12/2012	14 234 475 €
WESSANEN DEUTSCHLAND GMBH			HRB 26279 HB	31/12/2011	3 323 552 €
BECKERS BEHEER B.V.			12044918	31/12/2012	-
AUTOSCHADE BECKERS B.V.			2044919	31/12/2012	-
KROON B.V.			30099445	31/12/2009	-
BOUWCENTER KROON DRACHTEN B.V.			02326604	31/12/2012	-
TOL ACQUISITION CO LIMITED			07352592	31/03/2013	33 595 000 £
LICEX LTD.			03604265	31/12/2007	-
MITE-EX LTD.			03624367	31/12/2007	-
KROON HANDELSGROEP HOLDING B.V.			01126065	31/12/2012	31 881 824 €
KROON HANDELSGROEP B.V.			02323078	31/12/2012	31 881 824 €
IZICO NEDERLAND B.V.			17045302	-	-
IZICO HOLDING B.V.			34276969	31/12/2010	62 795 000 €
IZICO BELGIUM NV			429874405	31/12/2012	27 399 583 €
WESSANEN BENELUX B.V.			57 18154	-	-
IZICO KATWIJK B.V.			57291608	-	-
IZICO DEURNE B.V.			57292124	-	-
GOLDEN FOODS MARKETING GMBH			HRB 4793	-	-
WTC 15 GMBH			HRB 25867 HB	-	-
ALLOS HOF-MANUFAKTUR GMBH			HRB 27982 HB	-	-

FINANCIAL INFORMATION

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	165,072,972 €	156,131,651 €	143,931,768 €
Gross Operating Surplus	14,39 % Turnover	12,53 % Turnover	13,12 % Turnover
Shareholders’ equity	24,656,069 €	21,777,044 €	23,911,090 €
Net result	11,749,873 €	9,125,109 €	11,299,816 €
Employees	250 to 499 mployees	-	-

Trends
Profitability
Liquidity
Net worth

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	27/08/2013	08/01/2013	29/09/2011
Activity Code	4638B	4638B	4638B
Employees	190	0	0

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	5 147 330	-1,0%	5 201 721	-1,2%	5 264 995	25 870,50	19796,5%
- Intangible assets	5 044 167	0%	5 044 167	0%	5 044 167	17	29671470,6%
- Tangible assets	99 728	-35,2%	153 884	-29,2%	217 393	8 430	1083,0%
- Financial assets	3 435	-6,4%	3 670	6,8%	3 435	1 042	229,7%
Net current assets	61 544 272	-11,6%	69 659 342	21,7%	57 253 293	223 045	27492,8%
- Stocks	14 861 057	3,8%	14 316 668	27,5%	11 231 402	27 299,50	54337,1%
- Advanced payments	1 412 167	-11,6%	2 284 656	76,1%	1 297 027	0	0%
- Receivables	37 320 959	0,3%	37 200 831	58,0%	23 541 823	97 269,50	38268,6%
- Securities and cash	7 950 089	-49,9%	15 857 187	-25,1%	21 183 041	32 600,50	24286,4%
- Prepaid expenses	-	-	-	-	-	1,50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	66 691 602	-10,9%	74 861 063	19,7%	62 518 288	288 561,50	23011,7%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	24 656 069	13,2%	21 777 044	-8,9%	23 911 090	82 721	29706,3%
Share capital	10 402 131	0%	10 402 131	0%	10 402 131	14 031,50	74034,1%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1 934 156	-12,6%	2 212 810	42,5%	1 553 096	0	0%
Liabilities	40 101 377	-21,2%	50 871 208	37,3%	37 054 103	175 249,50	22782,4%
- Financial liabilities	52 507	0%	0	0%	0	20 347,50	158,1%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	25 010 968	-25,3%	33 469 224	45,9%	22 942 662	60 600,50	41171,9%
- Tax and social liabilities	4 671 195	-2,5%	4 790 850	12,3%	4 265 475	43 303	10687,2%
- Other debts and fixed assets liabilities	10 362 807	-17,8%	12 611 134	32,3%	9 532 259	4 805	215567,2%
Account regularization	3 900	0%	0	0%	313 707	0	0%
Total liabilities	66 691 601	-10,9%	74 861 062	19,7%	62 518 289	288 561,50	23011,7%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	168 511 006	4,7%	160 961 282	8,8%	147 899 147	577 623	29073,2%
Net turnover	165 072 972	5,7%	156 131 651	8,5%	143 931 768	573 465	28685,2%
- of which net export turnover	0	0%	4 824 853	1,8%	4 740 303	0	0%
Operating charges	146 044 079	1,2%	144 380 036	13,4%	127 303 842	559 657	25995,3%
Operating profit/loss	22 466 927	35,5%	16 581 246	-19,5%	20 595 305	12 819,50	175155,9%
Financial income	194 128	-8,5%	212 191	32,0%	160 800	11	1764700%
Financial charges	300 770	-15,4%	355 558	62,2%	219 265	933	32136,9%
Financial profit/loss	-106 642	25,6%	-143 367	-145,2%	-58 465	-205,50	-51793,9%
Pretax net operating income	22 360 285	36,0%	16 437 879	-20,0%	20 536 840	11 964	186796,4%
Extraordinary income	3 158 000	178,6%	1 133 351	108,9%	542 427	28,50	11080601,8%
Extraordinary charges	6 820 952	260,4%	1 892 459	-2,4%	1 938 561	275	2480246,2%
Extraordinary profit/loss	-3 662 952	-382,5%	-759 108	45,6%	-1 396 134	0	0%
Net result	11 749 873	28,8%	9 125 109	-19,2%	11 299 816	10 055,50	116750,2%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to VI)	Net	66 691 602	-10,9%	74 861 063	19,7%	62 518 288
Gross	CO	71 523 702	-11,9%	81 159 562	17,8%	68 870 653
Amortisation	1A	4 832 100	-23,3%	6 298 499	-0,8%	6 352 365

Non declared distributed capital (I)

		31/12/2012		31/12/2011		31/12/2010
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		31/12/2012		31/12/2011		31/12/2010
Total Active fixed asset (II)	Net	5 147 330	-1,0%	5 201 721	-1,2%	5 264 995
Gross	BJ	9 084 462	-14,3%	10 600 779	-0,4%	10 646 714
Amortisation	BK	3 937 132	-27,1%	5 399 058	0,3%	5 381 719

Intangilble fixed assets

					31/12/2012				31/12/2011		31/12/2010
Start-up cost			Net		0		0%		0	0%	0
Gross			AB		0		0%		0	0%	0
Amortisation			AC		0		0%		0	0%	0
R & D expenses			Net		0		0%		0	0%	0
Gross			CX		0		0%		0	0%	0
Amortisation			AE		0		0%		0	0%	0
Distributorships, patents			Net		14 672		0%		14 672	0%	14 672
Gross			AF		2 004 688		0%		2 004 688	0%	2 004 688
Amortisation			AG		1 990 016		0%		1 990 016	0%	1 990 016
Goodwill			Net		5 029 495		0%		5 029 495	0%	5 029 495
Gross			AH		5 029 495		0%		5 029 495	0%	5 029 495
Amortisation			AI		0		0%		0	0%	0
Other intangible fixed assets			Net		0		0%		0	0%	0
Gross			AJ		0		0%		0	0%	0
Amortisation			AK		0		0%		0	0%	0
Pre-payments and downpayments			Net		0		0%		0	0%	0
Gross			AL		0		0%		0	0%	0
Amortisation			AM		0		0%		0	0%	0
Net	5 044 167	0%		5 044 167		0%		5 044 167

Tangilble fixed assets

		31/12/2012		31/12/2011		31/12/2010
Lands	Net	0	0%	0	0%	0
Gross	AN	0	0%	0	0%	0
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	0	0%	0	0%	0
Gross	AP	0	0%	0	0%	0
Amortisation	AQ	0	0%	0	0%	0
Plant	Net	90 096	-36,8%	142 529	-30,2%	204 220
Gross	AR	1 309 263	-41,3%	2 229 074	-2,0%	2 275 244
Amortisation	AS	1 219 167	-41,6%	2 086 545	0,7%	2 071 024
Other tangible fixed assets	Net	9 632	-15,2%	11 355	-13,8%	13 173
Gross	AT	737 581	-44,7%	1 333 852	0%	1 333 852
Amortisation	AU	727 949	-45,0%	1 322 497	0,1%	1 320 679
Fixed assets in construction	Net	0	0%	0	0%	0
Gross	AV	0	0%	0	0%	0
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	0
Gross	AX	0	0%	0	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	99 728		153 884		217 393

Financial assets

		31/12/2012		31/12/2011		31/12/2010
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	0	0%	0	0%	0
Gross	CU	0	0%	0	0%	0
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	0	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	3 435	-6,4%	3 670	6,8%	3 435
Gross	BH	3 435	-6,4%	3 670	6,8%	3 435
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		3 435		3 670		3 435

Current Assets (III)

		31/12/2012		31/12/2011		31/12/2010
Total Assets	Net	61 544 272	-11,6%	69 659 342	21,7%	57 253 293
Gross	CJ	62 439 240	-11,5%	70 558 783	21,2%	58 223 939
Amortisation	CK	894 968	-0,5%	899 441	-7,3%	970 646

Stocks

		31/12/2012		31/12/2011		31/12/2010
Raw materials	Net	0	0%	0	0%	0
Gross	BL	0	0%	0	0%	0
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	0	0%	0	0%	0
Gross	BR	0	0%	0	0%	0
Amortisation	BS	0	0%	0	0%	0
Goods for resale	Net	14 861 057	3,8%	14 316 668	27,5%	11 231 402
Gross	BT	15 205 726	2,3%	14 860 950	25,8%	11 815 722
Amortisation	BU	344 669	-36,7%	544 282	-6,9%	584 320
Sub Total Stocks	Net	14 861 057	3,8%	14 316 668	27,5%	11 231 402

Advance payments to suppliers

		31/12/2012		31/12/2011		31/12/2010
Advance payments to suppliers	Net	1 412 167	-38,2%	2 284 656	76,1%	1 297 027
Gross	BV	1 412 167	-38,2%	2 284 656	76,1%	1 297 027
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2012		31/12/2011		31/12/2010
Trade accounts receivable	Net	31 073 067	7,8%	28 837 956	57,1%	18 359 121
Gross	BX	31 623 366	8,3%	29 193 115	55,7%	18 745 447
Amortisation	BY	550 299	54,9%	355 159	-8,1%	386 326
Other debtors	Net	6 235 604	-24,7%	8 280 497	66,0%	4 988 856
Gross	BZ	6 235 604	-24,7%	8 280 497	66,0%	4 988 856
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	37 308 671	0,5%	37 118 453	59,0%	23 347 977

Divers

		31/12/2012		31/12/2011		31/12/2010
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	7 950 089	-49,9%	15 857 187	-25,1%	21 183 041
Gross	CF	7 950 089	-49,9%	15 857 187	-25,1%	21 183 041
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	7 950 089	-49,9%	15 857 187	-25,1%	21 183 041

Prepaid expenses

		31/12/2012		31/12/2011		31/12/2010
Prepaid expenses	Net	12 288	-85,1%	82 378	-57,5%	193 846
Gross	CH	12 288	-85,1%	82 378	-57,5%	193 846
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2011		31/12/2010
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

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

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to V)	EE	66 691 601	-10,9%	74 861 062	19,7%	62 518 289

Shareholder Equity (I)

		31/12/2012		31/12/2011		31/12/2010
Total shareholders' equity (Total I)	DL	24 656 069	13,2%	21 777 044	-8,9%	23 911 090
Equity and shareholders' equity	DA	10 402 131	0%	10 402 131	0%	10 402 131
Issue and merger premiums	DB	350 367	0%	350 367	0%	350 367
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	1 040 214	0%	1 040 214	0%	1 040 214
Statutory or contractual reserve	DE	0	0%	0	0%	0
Special regulated reserves	DF	0	0%	0	0%	0
Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
Other reserves	DG	0	0%	0	0%	0
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	1 113 484	29,6%	859 224	5,0%	818 562
Profit or loss for the period	DI	11 749 873	28,8%	9 125 109	-19,2%	11 299 816
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		31/12/2012		31/12/2011		31/12/2010
Total other capital resources (Total II)	DO	0	0%	0	0%	0
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

		31/12/2012		31/12/2011		31/12/2010
Total provisions for risks and charges (Total III)	DR	1 934 156	-12,6%	2 212 810	42,5%	1 553 096
Risk provisions	DP	1 172 143	70,4%	687 879	-18,9%	848 588
Reserves for charges	DQ	762 013	-50,0%	1 524 931	116,5%	704 508

Liabilities (IV)

		31/12/2012		31/12/2011		31/12/2010
Total Liabilities (Total IV)	EC	40 101 377	-21,2%	50 871 208	37,3%	37 054 103
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	52 507	0%	0	0%	0
Sundry loans and financial liabilities	DV	0	0%	0	0%	0
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	25 010 968	-25,3%	33 469 224	45,9%	22 942 662
Tax and social security liabilities	DY	4 671 195	-2,5%	4 790 850	12,3%	4 265 475
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	10 362 807	-17,8%	12 611 134	32,3%	9 532 259

Translation loss (V)

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

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	3 900	0%	0	0%	313 707

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2012		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	22 466 927	35,5%	16 581 246	-19,5%	20 595 305

2 - Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-106 642	25,6%	-143 367	-145,2%	-58 465

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

		31/12/2012		31/12/2011		31/12/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	22 360 285	36,0%	16 437 879	-20,0%	20 536 840

4 - Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	-3 662 952	-382,5%	-759 108	45,6%	-1 396 134

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	11 749 873	28,8%	9 125 109	-19,2%	11 299 816

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	171 863 134	5,9%	162 306 824	9,2%	148 602 374

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

		31/12/2012		31/12/2011		31/12/2010
Total charges (Total II+IV+VI+VIII+IX+X)	HM	160 113 260	4,5%	153 181 716	11,6%	137 302 559

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	168 511 006	4,7%	160 961 282	8,8%	147 899 147

Operating income (details)

		31/12/2012		31/12/2011		31/12/2010
Sale of goods for resale	FC	164 455 456	5,5%	155 946 738	8,5%	143 793 029
France	FA	164 455 456	8,8%	151 121 885	8,7%	139 052 726
Export	FB	0	0%	4 824 853	1,8%	4 740 303
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	617 516	233,9%	184 913	33,3%	138 739
France	FG	617 516	233,9%	184 913	33,3%	138 739
Export	FH	0	0%	0	0%	0
Net turnover	FL	165 072 972	5,7%	156 131 651	8,5%	143 931 768
France	FJ	165 072 972	9,1%	151 306 798	8,7%	139 191 465
Export	FK	0	0%	4 824 853	1,8%	4 740 303
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	640 569	-22,7%	828 781	876,7%	84 855
Other income	FQ	2 797 465	-30,1%	4 000 850	3,0%	3 882 524

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	146 044 079	1,2%	144 380 036	13,4%	127 303 842

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	96 486 697	1,4%	95 190 209	16,0%	82 051 772
Change in stocks of goods for resale	FT	-344 777	88,7%	-3 042 455	-260,4%	1 897 351
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	33 152 754	4,0%	31 862 892	10,6%	28 802 095
Tax, duty and similar payments	FX	1 514 237	17,8%	1 285 463	11,3%	1 155 015
Payroll	FY	7 356 257	-9,1%	8 094 860	1,2%	7 999 138
Social security costs	FZ	3 150 229	-0,6%	3 170 281	0,9%	3 143 237

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	31 260	-4,9%	32 875	-41,6%	56 302
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	636 096	-10,9%	713 576	-18,0%	870 488
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	4 061 326	-42,6%	7 072 334	432,4%	1 328 444

Operating charges (III-IV)

		31/12/2012		31/12/2011		31/12/2010
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

		31/12/2012		31/12/2011		31/12/2010
Total financial income (Total V)	GP	194 128	-8,5%	212 191	32,0%	160 800
Share financial income	GJ	0	0%	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	0	0%	18 918	0%	0
Released provisions and transferred charges	GM	0	0%	0	0%	83 759
Exchange gains	GN	194 128	0,4%	193 273	150,9%	77 041
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2012		31/12/2011		31/12/2010
Total financial charge (Total VI)	GU	300 770	-15,4%	355 558	62,2%	219 265
Financial reserves and provisions	GQ	51 931	0%	0	0%	0
Interest and similar charges	GR	248 839	312,1%	60 385	-51,6%	124 804
Exchange losses	GS	0	0%	295 173	212,5%	94 461
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		31/12/2012		31/12/2011		31/12/2010
Total extraordinary income (Total VII)	HD	3 158 000	178,6%	1 133 351	108,9%	542 427
Extraordinary operating income	HA	36 161	-64,2%	100 885	83,1%	55 093
Extraordinary income from capital transactions	HB	0	0%	7 215	-98,3%	421 227
Released provisions and transferred charges	HC	3 121 839	204,5%	1 025 251	1450,9%	66 107

Extraordinary charges (VIII)

		31/12/2012		31/12/2011		31/12/2010
Total extraordinary charges (Total VIII)	HH	6 820 952	260,4%	1 892 459	-2,4%	1 938 561
Extraordinary operating charges	HE	37 093	27,7%	29 040	-90,9%	320 804
Extraordinary charges from capital transactions	HF	5 440 674	2948,8%	178 454	-62,6%	477 038
Extraordinary reserves and provisions	HG	1 343 185	-20,3%	1 684 965	47,7%	1 140 719

Employee profit sharing (IX)

		31/12/2012		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	1 238 498	-19,3%	1 535 265	19,5%	1 284 407

Tax on profits (X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	5 708 961	13,8%	5 018 398	-23,5%	6 556 484

References

		31/12/2012		31/12/2011		31/12/2010
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets

Grand Total Fixed Assets (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	OG	0	0%	0	0%	0
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreasess by budget item transfer	OK1	0	0%	0	0%	0
Decreasess by transfers	OK2	1 516 318	2788,8%	52 490	-58,9%	127 701
Gross value at the end of period	OL	9 084 460	-14,3%	10 600 779	-0,4%	10 646 713

Research and development Charge (Total I)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	CZ	0	0%	0	0%	0
Increasess due to revaluation	KB	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreasess by budget item transfer	C01	0	0%	0	0%	0
Decreasess by transfers	C02	0	0%	0	0%	0
Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	KD	7 034 182	0%	7 034 182	0%	7 034 182
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	0	0%	0	0%	0
Gross value at the end of period	LW	7 034 182	0%	7 034 182	0%	7 034 182

Tangible fixed assets (Total III)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LN	3 562 926	-1,3%	3 609 096	0,5%	3 592 720
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	0	0%	3 821	-94,5%	69 077
Decreasess by budget item transfer	NG1	0	0%	0	0%	0
Decreasess by transfers	NG2	1 516 083	2932,8%	49 990	-5,1%	52 701
Gross value at the end of period	NH	2 046 843	-42,6%	3 562 927	-1,3%	3 609 096

Financial assets (Total IV)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LQ	3 670	6,8%	3 435	-95,6%	78 435
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	0	0%	2 735	0%	0
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	235	-90,6%	2 500	-96,7%	75 000
Gross value at the end of period	NK	3 435	-6,4%	3 670	6,8%	3 435

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

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	PE	1 990 016	0%	1 990 016	0%	0
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	1 990 016	0%	1 990 016	0%	0

Total fixed assets amotisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	3 409 041	0,5%	3 391 703	0%	0
Increases		QV	31 261	-4,9%	32 875	0%	0
Decreases		QW	1 493 186	9511,1%	15 536	0%	0
	Decreasess by budget item transfer	QX	1 947 116	-42,9%	3 409 042	0%	0

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2012		31/12/2011		31/12/2010
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

Provisions included in balance sheet

Grand Total (I-II-III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7C	0	0%	2 523 742	0%	0
Increases		UB	0	0%	2 398 541	0%	0
Decreases		UC	0	0%	1 810 032	0%	0
	Value at the end of period	UD	0	0%	3 112 251	0%	0

Includes Total allocations

Operating	UE	0	0%	713 576	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	1 684 965	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	784 781	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	1 025 251	0%	0

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	5Z	0	0%	1 553 096	0%	0
Increases		TV	0	0%	1 684 965	0%	0
Decreases		TW	0	0%	1 025 251	0%	0
	Value at the end of period	TX	0	0%	2 212 810	0%	0

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	0	0%	970 646	0%	0
Increases		TY	0	0%	713 576	0%	0
Decreases		TZ	0	0%	784 781	0%	0
	Value at the end of period	UA	0	0%	899 441	0%	0

State deadlines claims and debts at the end of period

State claims

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	37 874 693	0,8%	37 559 660	0%	0
1 year at most	VU	37 874 693	0,8%	37 559 660	0%	0
More than one year	VV	0	0%	0	0%	0

State of loans

		31/12/2012		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	3 435	-6,4%	3 670	0%	0
Other financial assets (1 year at most)	UV	3 435	-6,4%	3 670	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	125 891	4,1%	120 928	0%	0
Other claims customer	UX	31 497 474	8,3%	29 072 187	0%	0
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	19 274	8,8%	17 722	0%	0
Social Security and other social organizations	UZ	20 651	-39,5%	34 152	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	3 031 460	-42,4%	5 264 822	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	61 072	0%	0
Group and Associates	VC	1 856 239	40,3%	1 322 890	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	1 307 981	-17,2%	1 579 839	0%	0

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	12 288	-85,1%	82 378	0%	0

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	40 101 377	-21,2%	50 871 207	0%	0
1 year at most		VZ2	40 101 377	-21,2%	50 871 207	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2012		31/12/2011		31/12/2010
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	52 507	0%	0	0%	0
1 year at most		VG2	52 507	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	25 010 968	-25,3%	33 469 224	0%	0
1 year at most		8B2	25 010 968	-25,3%	33 469 224	0%	0
More than 1 year and 5 years at most		8B3	25 010 968	-25,3%	33 469 224	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	3 118 137	0%	0
1 year at most		8C2	0	0%	3 118 137	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	4 671 195	297,8%	1 174 299	0%	0
1 year at most		8D2	4 671 195	297,8%	1 174 299	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	168 478	0%	0
1 year at most		VW2	0	0%	168 478	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	329 935	0%	0
1 year at most		VQ2	0	0%	329 935	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	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	10 362 807	-17,8%	12 611 134	0%	0
1 year at most		8K2	10 362 807	-17,8%	12 611 134	0%	0
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	3 900	0%	0	0%	0
1 year at most		8L2	3 900	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

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

Table allocation results and other information
Dividends distributed

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

Commitments

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

Other charges Externes

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

Taxes and Fees

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

VAT

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

Average number of employees

		31/12/2012		31/12/2011		31/12/2010
Average number of employees	YP	190	0%	0	0%	0

Groups and Shareholders

		31/12/2012		31/12/2011		31/12/2010
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Fixed Asset Financing	3,37	21,7%	2,77	-4,5%	2,90	2,28	47,8%
Global Debt	87 days	-25,6%	117 days	25,8%	93 days	89 days	-2,2%
Working Capital Fund overall net	47 days	9,3%	43 days	-15,7%	51 days	43 days	9,3%
Financial independence	46957,68%	-	%	-	%	312,79%	14912,5%
More ratios
Solvability	36,97%	27,1%	29,09%	-23,9%	38,25%	32,79%	12,7%
Capacity debt futures	46957,68%	-	%	-	%	919,21%	5008,5%
Coverage of current assets by net working capital overall	34,43%	29,1%	26,66%	-23,4%	34,81%	39,24%	-12,3%
General Liquidity	0,94	27,0%	0,74	-		0,69	36,2%
Restricted Liquidity	1,14	8,6%	1,05	-		1,06	7,5%

Management or rotation

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital	30 days	328,6%	7 days	450,0%	-2 days	15 days	100%
Treasury	17 days	-54,1%	37 days	-30,2%	53 days	7 days	142,9%
Inventory turnover of goods	57 days	-1,7%	58 days	13,7%	51 days	33 days	72,7%
Average length of credit granted to customers	69 days	3,0%	67 days	42,6%	47 days	42 days	64,3%
Average length of credit obtained suppliers	70 days	-27,8%	97 days	32,9%	73 days	47 days	48,9%
More ratios
Inventory turnover of raw materials in industrial enterprises	days	-	0 days	0%	0 days	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	1369 days	-
Rotation tangible assets	8064,76%	84,0%	4382,12%	9,9%	3988,03%	1744,59%	362,3%

Profitability of the business

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading	41,38%	1,3%	40,86%	-1,7%	41,58	24,43%	69,4%
Profitability of the business	14,39	14,8%	12,53	-4,5%	13,12	2,73%	427,1%
Net profit	7,12%	21,9%	5,84%	-25,6%	7,85%	1,44%	394,4%
More ratios
Growth rate of turnover (excluding VAT)	5,73%	-32,4%	8,48%	85,2%	4,58%	3,03%	89,1%
Rates integration	21,67%	5,3%	20,57%	-5,0%	21,66%	15,48%	40,0%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	29,37%	-16,3%	35,07%	-1,9%	35,74%	66,34%	-55,7%
Weight interests	0,18	-21,7%	0,23%	53,3%	0,15%	0,14%	28,6%

Return on capital

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability	11,28%	91,2%	5,90%	-32,3%	8,72%	2,26%	399,1%
Rates of economic profitability	96%	6,7%	90%	13,9%	79%	16%	500%
Financial profitability	24656069%	13,2%	21777044%	-8,9%	23911090%	54134%	45446,4%
Return on investment	48,77%	12,0%	43,54%	-9,6%	48,17%	11,02%	342,6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	165 072 972	5,7%	156 131 651	8,5%	143 931 768	573 465 €	28685,2%

Sales of goods	164 455 456	5,5%	155 946 738	8,5%	143 793 029
- Purchase of goods	96 486 697	1,4%	95 190 209	16,0%	82 051 772
+/- Stock of goods variation	-344 777	88,7%	-3 042 455	-260,4%	1 897 351
Trading margin	68 313 536 €	7,1%	63 798 984 €	6,6%	59 843 906 €	128 300,50 €	53144,9%
	41,38 % CA	1,3%	40,86 % CA	-1,7%	41,58 % CA	25,24 % CA	63,9%

Sale of goods produced	617 516	233,9%	184 913	33,3%	138 739
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	617 516 €	233,9%	184 913 €	33,3%	138 739 €	5 556,50 €	11013,4%
	0,37 % CA	208,3%	0,12 % CA	20,0%	0,10 % CA	0,97 % CA	-61,9%

Trading margin	68 313 536	7,1%	63 798 984	6,6%	59 843 906	128 300,50	53144,9%
+ Period Production	617 516	233,9%	184 913	33,3%	138 739	5 556,50	11013,4%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	33 152 754	4,0%	31 862 892	10,6%	28 802 095
Added value	35 778 298 €	11,4%	32 121 005 €	3,0%	31 180 550 €	102 900,50 €	34669,8%
	21,67 % CA	5,3%	20,57 % CA	-5,0%	21,66 % CA	15,48 % CA	40,0%

Added value	35 778 298 €	11,4%	32 121 005 €	3,0%	31 180 550 €	102 900,50 €	34669,8%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	1 514 237	17,8%	1 285 463	11,3%	1 155 015
- Personal charges	10 506 486	-6,7%	11 265 141	1,1%	11 142 375
Gross operating surplus	23 757 575 €	21,4%	19 570 401 €	3,6%	18 883 160 €	18 278 €	129879,1%
	14,39 % CA	14,8%	12,53 % CA	-4,5%	13,12 % CA	2,73 % CA	427,1%

Gross operating surplus			23 757 575 €		21,4%	19 570 401 €		3,6%		18 883 160 €		18 278 €	129879,1%
+ Release of reserves and provisions			640 569		-22,7%	828 781		876,7%		84 855
+ Other operating income			2 797 465		-30,1%	4 000 850		3,0%		3 882 524
- Depreciation/Amortisation			667 356		-10,6%	746 451		-19,5%		926 790
- Other charges			4 061 326		-42,6%	7 072 334		432,4%		1 328 444
Operating result			22 466 927 €		35,5%	16 581 247 €		-19,5%		20 595 305 €		12 819,50 €	175155,9%
			13,61 % CA		28,2%	10,62 % CA		-25,8%		14,31 % CA		2,02 % CA	573,8%
Operating result	22 466 927 €	35,5%		16 581 247 €			-19,5%		20 595 305 €		12 819,50 €		175155,9%
+/- Result of joint-venture transferred from/to other partners	0	0%		0			0%		0
+ Financial income	194 128	-8,5%		212 191			32,0%		160 800
- Financial charges	300 770	-15,4%		355 558			62,2%		219 265
Pre-tax result	22 360 285 €	36,0%		16 437 880 €			-20,0%		20 536 840 €		11 964 €		186796,4%
	13,55 % CA	28,7%		10,53 % CA			-26,2%		14,27 % CA		1,79 % CA		657,0%

Extraordinary income	3 158 000	178,6%	1 133 351	108,9%	542 427	28,50	11080601,8%
- Extraordinary charges	6 820 952	260,4%	1 892 459	-2,4%	1 938 561
Extraordinary result	-3 662 952 €	-382,5%	-759 108 €	45,6%	-1 396 134 €	0 €	0%
	-2,22 % CA	-353,1%	-0,49 % CA	49,5%	-1 % CA	0 % CA	0%

Pre-tax result	22 360 285 €	36,0%	16 437 880 €	-20,0%	20 536 840 €	11 964 €	186796,4%
Extraordinary result	-3 662 952 €	-382,5%	-759 108 €	45,6%	-1 396 134 €	0 €	0%
- Employee profit sharing	1 238 498	-19,3%	1 535 265	19,5%	1 284 407
- Tax on profits	5 708 961	13,8%	5 018 398	-23,5%	6 556 484
Net result	11 749 874 €	28,8%	9 125 109 €	-19,2%	11 299 815 €	10 057 €	116732,8%
	7,12 % CA	21,9%	5,84 % CA	-25,6%	7,85 % CA	1,44 % CA	394,4%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Establishment details

Trade name	S.S.F. SAVEURS SANS FRONTIERES
Activity (APE)	Wholesaler of (intercompany trade) various specialized food (4638B)	Business Pages FT®	DIETETIQUE PRODUIT BIOLOGIQUE NATUREL REGIME FABRICATION GRO
Postal Address	DISTRIBORG FRANCE S.S.F. SAVEURS SANS FRONTIERES 217 CHE DU GRAND REVOYET 69230 SAINT GENIS LAVAL	Trading Address	217 CHEMIN DU GRAND REVOYET 69230 SAINT GENIS LAVAL
Telephone	04 72 67 10 60
Fax	04 72 67 10 31

Type	Head office (one site company)	Status	Economically active
Formation Date	10/1995	Reason for formation
Closure Date		Reason for closure
Reactivation Date		Production Role	Tenant of a goodwill
Activity Nature	Other	Activity Location	Other
Location surface		Seasonality

Department	Rhône (69)	Region	Rhône-Alpes
District	1	Area	26
City	SAINT GENIS LAVAL	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	1 branch entities in this company
Head office	> DISTRIBORG FRANCE <<< - Commerce de gros (commerce interentreprises) alimentaire spécialisé divers (4638B) in SAINT GENIS LAVAL (69230)
Secondary establishments

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

250 to 499 employees

Company workforce

250 to 499 employees

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
16/09/2013	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 4542 - 402712350 RCS. DISTRIBORG FRANCE. Forme : Société par Actions Simplifiée. Adresse : 217 chemin du Grand Revoyet 69230 Saint-Genis-Laval. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
16/01/2013	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 7611 - 402712350 RCS. DISTRIBORG FRANCE. Forme : Société par Actions Simplifiée. Adresse : 217 chemin du Grand Revoyet 69230 Saint-Genis-Laval. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
28/10/2010	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 2254 - 402 712 350 RCS Lyon. DISTRIBORG FRANCE. Forme : Société par Actions Simplifiée. Enseigne : S.S.F. SAVEURS SANS FRONTIERES. Administration : KPMG n'est plus commissaire aux comptes titulaire. DHALLUIN Gaël nom d'usage : DHALLUIN Gaël n'est plus commissaire aux comptes suppléant. SA à conseil d'administration DELOITTE & ASSOCIES devient commissaire aux comptes titulaire. Société à responsabilité limitée BEAS devient commissaire aux comptes suppléant. Commentaires : Modification de l'administration.
28/09/2010	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 10554 - 402712350 RCS. DISTRIBORG FRANCE. Forme : Société par Actions Simplifiée. Adresse : 217 chemin du Grand Revoyet 69230 Saint-Genis-Laval. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
07/10/2009	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 6053 - 402712350 RCS. DISTRIBORG FRANCE. Forme : Société par Actions Simplifiée. Adresse : 217 chemin du Grand Revoyet 69230 Saint-Genis-Laval. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
24/09/2008	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 6901 - 402712350 RCS. DISTRIBORG FRANCE. Forme : Société par Actions Simplifiée. Adresse : 217 chemin du Grand Revoyet 69230 Saint-Genis-Laval. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
04/03/2008	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 1621 - 402712350 RCS. DISTRIBORG FRANCE. Forme : société par actions simplifiée. Adresse : 217 chemin du Grand Revoyet 69230 Saint-Genis-Laval. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
10/02/2008	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 3179 - 402 712 350 RCS Lyon. DISTRIBORG FRANCE. Forme : S.A.S. Enseigne : S.S.F. Saveurs Sans Frontieres. Capital : 10402130.63 EUR. Activité : non précisée. Adresse du siège social : 217 chemin du Grand Revoyet, 69230 Saint-Genis-Laval. Commentaires : modification survenue sur le capital.
15/01/2008	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 1091 - 402 712 350 RCS Lyon. DISTRIBORG FRANCE. Forme : Société par Actions Simplifiée. Enseigne : S.S.F. Saveurs sans Frontières. Administration : DECLETY (Jean-Marc) nom d'usage DECLETY n'est plus commissaire aux comptes suppléant ; DHALLUIN (Gaël) nom d'usage DHALLUN devient commissaire aux comptes suppléant. Activité : non précisée. Adresse du siège social : 217 chemin du Grand-Revoyet, 69230 Saint-Genis-Laval. Commentaires : modification survenue sur l'administration.
08/10/2006	Bodacc B	Modifications et mutations diverses
0965 - RCS Lyon 402 712 350. RC 95-B 03016. DISTRIBORG FRANCE. Forme : S.A.S. Nom commercial : S.S.F.-Saveurs Sans Frontière. Adresse du siège social : 217 chemin du Grand-Revoyet,, 69230 Administration : modification du représentant permanent de la STE DISTRIBORG GROUPE S.A., président. Nouvelle identité : BARNOUIN (Christophe).
08/10/2006	Bodacc C	Avis de dépôt des comptes
3593 - RCS Lyon B 402 712 350. RC 95-B 3016. DISTRIBORG FRANCE. Forme: S.A.S. Adresse du siège social: 217, Chemin du Grand Revoyet,69230 Saint-Genis-Laval. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
24/08/2006	Bodacc B	Modifications et mutations diverses
0808 - RCS Lyon 402 712 350. RC 95-B 03016. DISTRIBORG FRANCE. Forme : S.A.S. Nom commercial : S.S.F.-Saveurs sans Frontières. Adresse du siège social : 217 chemin du Grand-Revoyet,, 69230 Administration : modification du représentant permanent de la STE DISTRIBORG GROUPE, président. Nouvelle identité : ONKENHOUT (Niels).
14/10/2005	Bodacc C	Avis de dépôt des comptes
1489 - RCS Lyon B 402 712 350. RC 95-B 3016. DISTRIBORG FRANCE. Forme: société par actions simplifiée. Adresse du siège social: 217, Chemin du Grand Revoyet,69230 Saint-Genis-Laval. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
10/05/2005	Bodacc B	Modifications et mutations diverses
1835 - RCS Lyon 402 712 350. RC 95-B 03016. DISTRIBORG FRANCE. Forme : S.A.S. Capital : 8 442 708,59 euros. Nom commercial : S.S.F.-Saveurs Sans Frontières. Adresse du siège social : 217 chemin du Grand-Revoyet,, 69230 Commentaires : modification survenue sur le capital.
02/04/2003	Bodacc B	Modifications et mutations diverses
RCS Lyon 402712350 RC 95-B 03016 DISTRIBORG FRANCE. Forme : S.A.S Nom commercial: S.S.F.-Saveurs Sans Frontières. Adresse du siège social : 217 chemin de Grand-Revoyet, 69230 Saint- Genis-Laval. Commentaires : modification survenue sur la forme juridique. Administration : nomination d'un président : S.A. DISTRIBORG GROUPE, ancien administrateur, représentée par PROT (Jean-Marc). Ancien président du conseil d'administration : PROT (Jean- Marc).
31/05/2002	Bodacc B	Modifications et mutations diverses
RCS Lyon 402712350 RC 95-B 03016 DISTRIBORG FRANCE. Forme : S.A. à conseil d'administration Nom commercial: S.S.F.- Saveurs Sans Frontières. Adresse du siège social : 217 chemin du Grand- Revoyet, 69230 Saint-Genis-Laval. Administration : ancien représentant permanent de la STE PARTICIPATIONS ET DIETETIQUE, administrateur : BEIJ ( Christian). Anciens commissaires aux comptes titulaires : FLUCHAIRE (André) et DE BOIS DIETERLE ET ASSOCIES-B.D.A. ( anciennement DE BOIS DIETERLE ET ASSOCIES). Anciens commissaires aux comptes suppléants : ORFIS et LAURENT ( Hervé). Nouveau commissaire aux comptes titulaire : K.P.M.G. Nouveau commissaire aux comptes suppléant : DECLETY (Jean-Marc).
16/05/2002	Bodacc B	Modifications et mutations diverses
RCS Lyon 402712350 RC 95-B 03016 DISTRIBORG FRANCE. Forme : S.A. à conseil d'administration. Capital : 8 322 700 euros Nom commercial: S.S.F.-Saveurs Sans Frontières. Adresse du siège social : 217 chemin du Grand-Revoyet, 69230 Saint-Genis-Laval. Commentaires : modification survenue sur le capital.
26/06/2001	Bodacc B	Modifications et mutations diverses
RCS Lyon 402712350 RC 95-B 03016 DISTRIBORG FRANCE. Forme : S.A. à conseil d'administration Nom commercial: S.S.F.- Saveurs Sans Frontières. Adresse du siège social : 217 chemin du Grand- Revoyet, 69230 Saint-Genis-Laval. Administration : nomination en qualité de président du conseil d' administration : PROT (Jean, Marc), ancien directeur général. Ancien représentant permanent de la STE DISTRIBORG GROUPE S.A., administrateur : JARICOT (Hubert). Nouveau représentant permanent de la STE DISTRIBORG GROUPE S. A., administrateur : LOS (Jan, Cornelis).
04/05/2001	Bodacc B	Modifications et mutations diverses
RCS Lyon 402712350 RC 95-B 03016 DISTRIBORG FRANCE. Forme : S.A. à conseil d'administration Nom commercial: S.S.F.- Saveurs Sans Frontières. Adresse du siège social : 217 chemin du Grand- Revoyet, 69230 Saint-Genis-Laval. Administration : ancien président du conseil d'administration : PELEN (Régis) . Nomination du directeur général : PROT (Jean-Marc).
10/03/2000	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Lyon 402712350 RC 95-B 03016 DISTRIBORG FRANCE. Forme : S.A. Capital : 54 593 000 F. Adresse : 217 chemin du Grand-Revoyet, 69230 Saint-Genis-Laval Nouvelle situation du siège social Adjonction d' activité: exploitation des marques utilisées par la société BLEDINA pour la commercialisation des produits diététiques. Date d'effet : 1er décembre 1999.
28/01/2000	Bodacc A	Création d'établissement
RCS Lyon 402712350 DFISTRIBORG FRANCE. Forme : S.A. Capital : 54 593 000 F. RCS Lyon 970502761 DISTRIBORG GROUPE. Forme : S.A. Capital : 37 545 525 F. Adresse du siège social : 217 chemin du Grand- Révoyet, 69230 Saint-Genis-Laval Etablissement principal: Activité : commercialisation de produits diététiques. Adresse : 383 rue Philippe- Héron, 69400 Villefranche-sur-Saone Exploitation des marques utilisées par la STE BLEDINA acquise par achat au prix stipulé de 90 000 000 de F. Date d'effet : 1er décembre 1999. Précédent propriétaire : BLEDINA. RCS Villefranche- Tarare 778147827 Publication légale: Les Petites affiches lyonnaises du 7 janvier 2000. Oppositions : au fonds, 383 rue Philippe-Héron, 69400 Villefranche- sur-Saone.
13/07/1999	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Lyon 402712350 RC 95-B 03016 DISTRIBORG FRANCE. Forme : S.A. Capital : 54 593 000 F Nom commercial: S.S.F.-Saveurs sans Frontières. Adresse : 217 chemin du Grand- Revoyet, 69230 Saint-Genis-Laval Nouvelle situation du siège social. Activité : négoce auprès des grandes surfaces de produits naturels, diététiques et biologiques épicerie fine et spécialités étrangères. Négoce de produits naturels et de régime, recherche, développement, distribution et commercialisation de tous produits d' hygiène, de soins, de beauté, sous forme de compléments alimentaires. Date d'effet : 1er janvier 1999.
14/03/1998	Bodacc B	Modifications et mutations diverses
RCS Lyon B 402 712 350 RC 95-B 03016 DISTRIBORG FRANCE. Forme : S.A. Capital : 54 593 000 F Nom commercial: S.S.F.- Saveurs Sans Frontières. Adresse du siège social : 217 chemin du Grand- Revoyet 69230 Saint-Genis-Laval. Commentaires : nouveau nom commercial. Date d'effet : 1er janvier 1998.
03/08/1997	Bodacc B	Modifications et mutations diverses
RCS Lyon B 402 712 350 RC 95-B 03016 DISTRIBORG FRANCE. Forme : S.A. Capital : 54 593 000 F. Adresse du siège social : 217 chemin du Grand-Revoyet, 69230 Saint-Genis-Laval. Commentaires : modification de la dénomination sociale ancienne dénomination : DISTRIBORG. Date d'effet : 25 avril 1997.
23/04/1997	Bodacc B	Modifications et mutations diverses
RCS Lyon B 402 712 350 RC 95-B 03016 DISTRIBORG. Forme : S.A. Capital : 54 593 000 F. Adresse du siège social : 217 chemin du Grand-Revoyet, 69230 Saint- Genis-Laval. Commentaires : modification survenue sur le capital.
30/09/1996	Bodacc B	Modifications et mutations diverses
RCS Lyon B 402 712 350 RC 95-B 03016 DISTRIBORG. Forme : S.A. Capital : 77 593 000 F. Adresse du siège social : 217 chemin du Grand-Revoyet, 69230 Saint- Genis-Laval. Commentaires : modification survenue sur le capital fusion absorption par la société de la SOCIETE EUROPEENNE DE DIETETIQUE - SODI S.A., siège social : zone industrielle des Glaises, avenue du 1er mai, 91120 Palaiseau,. RCS Corbeil-Essonnes B 622 053 759. Date d'effet : 28 juin 1996.
31/05/1996	Bodacc A	Création d'établissement
RCS Lyon B 402 712 350 RC 95-B 3016 DISTRIBORG. Forme : S.A. Capital : 54 317 000 F. Adresse du siège social : 217, chemin du Grand-Revoyet, 69230 Saint- Genis-Laval Fonds principal acquis par apport au montant évalué à 54 067 000 F Etablissement principal: Adresse : 217, chemin du Grand-Revoyet, 69230 Saint- Genis-Laval. Activité : négoce auprès des grandes et moyennes surfaces de produits naturels, diététiques et biologiques, de produits d'épicerie fine et de spécialités étrangères Date de début d'activité: 1er janvier 1996 Précédente propriétaire SOCIETE DISTRIBORG. RCS Lyon B 970 502 761.
01/05/1996	Bodacc B	Modifications et mutations diverses
RCS Lyon B 402 712 350 RC 95-B 03016 DISTRIBORG. Forme : S.A. Capital : 54 317 000 F. Adresse du siège social : 217 chemin du Grand-Revoyet 69230 Saint- Génis-Laval. Commentaires : modification survenue sur le capital par suite d' apport partiel d'actif de la STE DISTRIBORG,. RCS Lyon B 970 502 761 de la branche d'activité de négoce de produits naturels, diététiques et biologiques. Date d'effet : 28 décembre 1995.
24/12/1995	Bodacc A	Création d'établissement
RCS Lyon B 402 712 350 A dater du: 30 octobre 1995 RC 95-B 03016 DISTRIBORG. Forme : S.A. Capital : 250 000 F. Adresse du siège social : 217 chemin du Grand- Revoyet, 69230 Saint-Genis-Laval. Administration : président-directeur général : PELEN (Régis) administrateurs PARTICIPATIONS ET DIETETIQUE S.A., représentée par : JARICOT (Hubert), DISTRIBORG S.A., représentée par : Mme LAPRAS-SCHMITT (Corinne) commissaires aux comptes titulaires : FLUCHAIRE ( André), DE BOIS DIETERLE ET ASSOCIES - B.D.A. commissaires aux comptes suppléants : ORFIS, LAURENT (Hervé) Cette société se constitue Cette société se constitue, mais n'exploite provisoirement aucun établissement.

Company events history

Date	Description
15/10/2013	Update Limit
15/10/2013	Update Rating
16/09/2013	Bodacc C : Deposit accounts notice
28/08/2013	Update Limit
28/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
16/01/2013	Bodacc C : Deposit accounts notice
09/01/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
31/12/2011	New accounts available
30/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
19/09/2011	Bodacc C : Deposit accounts notice
31/12/2010	New accounts available
12/11/2010	New ultimate parent
28/10/2010	Bodacc B: Various editing or changing
28/09/2010	Bodacc C : Deposit accounts notice
21/09/2010	Minutes of general meeting of shareholders
31/12/2009	New accounts available
07/10/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
24/09/2008	Bodacc C : Deposit accounts notice
04/03/2008	Bodacc C : Deposit accounts notice
10/02/2008	New Bodacc B ads detected
10/02/2008	Bodacc B: Various editing or changing
15/01/2008	New Bodacc B ads detected
15/01/2008	Bodacc B: Various editing or changing
31/12/2007	New accounts available
24/10/2007	Updated articles of association
24/10/2007	Private document
24/10/2007	Declaration of conformity
24/10/2007	Minutes of general meeting of shareholders
20/09/2007	Other modification of Establishment
14/09/2007	Private document
14/09/2007	Audit or Management Report
14/09/2007	Rapport des Commissaires ou du Gérant
04/09/2007	Capital increase
04/09/2007	Private document
04/09/2007	Minutes of general meeting of shareholders
04/09/2007	Acte modificatif
30/08/2007	Rapport des Commissaires ou du Gérant
30/08/2007	Audit or Management Report
30/08/2007	Private document
25/07/2007	Planned merger
25/07/2007	Private document
02/05/2007	Requête et Ordonnance
02/05/2007	Application and court order
31/12/2006	New accounts available
31/12/2005	New accounts available
18/03/2005	Capital increase
18/03/2005	Augmentation de Capital
18/03/2005	Projet de Fusion
18/03/2005	Planned merger
18/03/2005	Déclaration de conformité
18/03/2005	Declaration of conformity
18/03/2005	Private document
18/03/2005	Acte sous seing privé
18/03/2005	Minutes of general meeting of shareholders
18/03/2005	PV d'Assemblée
18/03/2005	Updated articles of association
18/03/2005	Statuts mis à jour
31/12/2004	New accounts available
21/12/2004	Private document
21/12/2004	Acte sous seing privé
21/12/2004	Rapport des Commissaires ou du Gérant
21/12/2004	Audit or Management Report
26/11/2004	Private document
26/11/2004	Acte sous seing privé
26/11/2004	Projet de Fusion
26/11/2004	Planned merger
18/10/2004	Application and court order
18/10/2004	Requête et Ordonnance
31/12/2003	New accounts available
19/02/2003	Nomination/démission des organes de gestion
19/02/2003	Changement de Forme Juridique sans changement de catégorie
19/02/2003	PV d'Assemblée
19/02/2003	Acte sous seing privé
19/02/2003	Statuts mis à jour
20/06/2002	Acte sous seing privé
20/06/2002	Rapport des Commissaires ou du Gérant
20/03/2002	PV d'Assemblée
20/03/2002	Nomination/démission des organes de gestion
20/03/2002	Changement de Commissaire aux Comptes
20/03/2002	Acte sous seing privé
12/03/2002	PV d'Assemblée
12/03/2002	Statuts mis à jour
12/03/2002	Augmentation de Capital
12/03/2002	Acte sous seing privé
12/03/2002	Conversion du Capital Social en Euros
14/05/2001	Modification du Conseil d'Administration
14/05/2001	Acte sous seing privé
14/05/2001	Nomination/démission des organes de gestion
14/05/2001	PV du Conseil d'Administration
14/05/2001	Acte modificatif
14/05/2001	Changement de Président (PDG, PCA)
14/05/2001	PV d'Assemblée
26/03/2001	Acte sous seing privé
26/03/2001	Nomination/démission des organes de gestion
26/03/2001	PV du Conseil d'Administration
26/03/2001	Modification du Conseil d'Administration
13/06/1997	Acte modificatif
13/06/1997	Statuts
13/06/1997	PV d'Assemblée
13/06/1997	Statuts mis à jour
13/06/1997	Acte sous seing privé
13/06/1997	Changement de dénomination sociale
04/03/1997	Acte sous seing privé
04/03/1997	Statuts
04/03/1997	Rapport des Commissaires ou du Gérant
04/03/1997	PV d'Assemblée
04/03/1997	Réduction de Capital
04/03/1997	Acte modificatif
04/03/1997	Statuts mis à jour
23/01/1997	Acte modificatif
23/01/1997	PV d'Assemblée
23/01/1997	Réduction de Capital
23/01/1997	Acte sous seing privé
19/08/1996	Augmentation de Capital
19/08/1996	Statuts mis à jour
19/08/1996	Déclaration de conformité
19/08/1996	Statuts
19/08/1996	PV d'Assemblée
19/08/1996	Acte modificatif
14/06/1996	Acte modificatif
14/06/1996	Rapport des Commissaires ou du Gérant
20/05/1996	Acte sous seing privé
20/05/1996	Projet de Fusion
20/05/1996	Acte modificatif
05/04/1996	Requête et Ordonnance
20/02/1996	PV du Conseil d'Administration
20/02/1996	Statuts mis à jour
20/02/1996	Déclaration de conformité
20/02/1996	Acte modificatif
20/02/1996	Certificat de dépôt des fonds
20/02/1996	Statuts
20/02/1996	Augmentation de Capital
20/02/1996	PV d'Assemblée
21/12/1995	Acte modificatif
21/12/1995	Rapport des Commissaires ou du Gérant
27/11/1995	Acte sous seing privé
27/11/1995	Acte modificatif
27/11/1995	Requête et Ordonnance
30/10/1995	Statuts
30/10/1995	Acte sous seing privé
30/10/1995	Formation de Société
30/10/1995	Acte modificatif
30/10/1995	Certificat de dépôt des fonds
30/10/1995	Nomination/démission des organes de gestion
30/10/1995	PV du Conseil d'Administration

Establishment events history

Date	Description
05/09/2013	Update of phone numbers
12/01/2013	Update of phone numbers
09/01/2013	Update Limit
06/10/2012	Update Limit
30/09/2011	Update Rating
03/09/2011	Update Rating
06/05/2011	Update Rating
08/09/2010	Update Rating
03/09/2010	Update Rating
07/08/2010	Update Rating
20/10/2009	Update Limit
20/10/2009	Update Rating
02/10/2009	Update Limit
05/09/2009	Update Rating
22/08/2008	Update Rating
04/08/2008	Update Rating
09/12/2007	Update Limit
17/09/2007	Update Rating

NOTES & COMMENTS

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 24,656,069 €
		The creditor days are 55.30
		The decrease in the gearing percentage over the last two accounting periods is 21 %
		The liabilities are 40,101,377 €
		The net current assets are 61,544,272 €
		The net turnover is 165,072,972 €
		The pre-tax profit is 17,458,834 €
		The risk provisions are 1,934,156 €
		The total assets are 66,691,602 €
		Low risk workforce size
		The company has 1 director(s)
		The sales to current assets ratio is 2,68
		The ratio total assets to total liabilities is 1,59
		The stock to turnover ratio is 9
		The return on total assets employed is 26.18
		The decrease of tangible fixed assets over the last two accounting periods is 35 %

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 59.19
UK Pound	1	Rs. 99.51
Euro	1	Rs. 80.83

INFORMATION DETAILS

Analysis Done by :	SMT
Report Prepared by :	DPT

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.