MIRA INFORM REPORT

Report Date :

17.06.2014

IDENTIFICATION DETAILS

Name :	SONIA RYKIEL CDM
Registered Office :	175 BD Saint Germain, 75006 Paris 6
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	August, 1965
Legal Form :	Public limited company with board of directors
Line of Business :	Wholesale of Clothing and footwear
No. of Employees :	250 to 499 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

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

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

NOTES :

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

ECGC Country Risk Classification List – March 31, 2014

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

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

FRANCE - ECONOMIC OVERVIEW

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

Source : CIA

Company name

Name

SONIA RYKIEL CDM

SIRET

652 040 817 00031

Personal comment

company summary

Trade name	SONIA RYKIEL
		EUR VAT Number	FR93652040817
Activity (APE)	Wholesale (intercompany trade) Clothing and footwear (4642Z)	Legal form	Public limited company with board of directors
Phone	01 49 54 60 00	RCS Registration	RCS Paris 6 652 040 817
Fax		Share capital	695,849 Euros
Address	SONIA RYKIEL CDM 175 BD SAINT GERMAIN 75006 PARIS 6	Incorporated Date	08/1965
Nationality	France	Status	Economically active

No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Company number
KING LUN HOLDINGS LIMITED	-

Current Directors

5

Trading to Date	12/31/2011	12/31/2010	12/31/2008
Turnover	83,751,003 €	82,496,146 €	103,171,918 €
Gross Operating Surplus	-4.22 % Turnover	0.61 % Turnover	2.10 % Turnover
Shareholders’ equity	72,157,357 €	73,608,473 €	70,250,878 €
Net result	-1,417,330 €	1,577,952 €	1,165,104 €
Employees	250 to 499 employees	-	-

Company details

Activity (APE)	Wholesale (intercompany trade) Clothing and footwear (4642Z)
RCS Registration	RCS Paris 6 652 040 817	Share capital	695,849 Euros
Registration Court	Paris (75)	Legal form	Public limited company with board of directors
Court Registry Number	19 6 5B04081	EUR VAT Number	FR93652040817
Incorporation Date	08/1965	Formation Date	01/1965
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Trade name	SONIA RYKIEL
Activity (APE)	Wholesale (intercompany trade) Clothing and footwear (4642Z)	Business Pages FT®	COUTURE (HAUTE COUTURE, CREATION)
Postal Address	SONIA RYKIEL CDM 175 BD SAINT GERMAIN 75006 PARIS 6	Trading Address	175 BOULEVARD SAINT GERMAIN 75006 PARIS 6
Telephone	01 49 54 60 00
Fax

Type	Secondary establishment	Status	Economically active
Formation Date	11/1986	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Paris (75)	Region	Ile-de-France
District	1	Area	99
City	PARIS 6	Size of urban area	Paris conglomeration

Other establishments

Branches	22 branch entities in this company
Head office	> SONIA RYKIEL CDM <<<  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in PARIS 6  (75006)
Secondary establishments	>  SONIA RYKIEL CDM  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in PARIS 3  (75003) >  SONIA RYKIEL CDM  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in PARIS 7  (75007) >  SONIA RYKIEL CDM  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in LILLE  (59800) >  SONIA RYKIEL CDM  - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in DEAUVILLE  (14800) > ...

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

Workforces

Workforce at address

100 to 199 employees

Company workforce

250 to 499 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2011	31/12/2010	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	09/11/2012	09/08/2011	-
Activity Code	4642Z	4642Z	4642Z
Employees	365	357	368

Active account

Annual Accounts	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	54,326,155	-2.6%	55,797,892	-8.0%	60,662,033	41,138	131958.3%
- Intangible assets	40,873,892	0.0%	40,878,833	-1.8%	41,608,684	5,579	732538.3%
- Tangible assets	9,653,145	-12.3%	11,007,651	-23.0%	14,294,171	5,122	188364.4%
- Financial assets	3,799,118	-2.9%	3,911,408	-17.8%	4,759,179	5,448	69634.2%
Net current assets	48,710,867	1.5%	47,986,915	-3.6%	49,790,922	208,867	23221.5%
- Stocks	17,425,683	9.1%	15,965,816	-10.8%	17,898,557	52,406	33151.3%
- Advanced payments	27,896	1.5%	18,086	-3.3%	18,701	0	0%
- Receivables	20,386,403	2.2%	19,956,800	-13.8%	23,156,770	61,749	32915.0%
- Securities and cash	10,870,885	-9.8%	12,046,213	38.2%	8,716,893	31,642	34255.9%
- Prepaid expenses	-	-	-	-	-	47	-
Accounts of regularization	115,028	-13.4%	132,881	-12.8%	152,454	0	0%
Total Assets	103,152,050	-0.7%	103,917,687	-6.0%	110,605,409	289,522	35528.4%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Shareholders' equity	72,157,357	-2.0%	73,608,473	4.8%	70,250,878	57,365	125686.4%
Share capital	695,849	0%	695,849	0%	695,849	8,000	8598.1%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	900,110	-11.5%	1,016,856	-55.9%	2,306,207	0	0%
Liabilities	30,076,811	2.7%	29,292,356	-23.0%	38,041,046	198,860	15024.6%
- Financial liabilities	3,764,839	-34.4%	5,740,345	-38.8%	9,377,434	16,250	23068.2%
- Advanced payments received	390,820	2.7%	380,717	40.9%	270,178	0	0%
- Trade account payables	11,819,626	5.8%	11,170,487	-27.4%	15,395,703	67,308	17460.5%
- Tax and social liabilities	5,619,012	57.2%	3,573,983	5.5%	3,388,395	46,668	11940.4%
- Other debts and fixed assets liabilities	7,437,526	-2.8%	7,655,337	-10.8%	8,580,615	8,263	89910.0%
Account regularization	1,062,758	37.8%	771,487	-25.5%	1,036,000	0	0%
Total liabilities	103,152,050	-0.7%	103,917,687	-6.0%	110,605,409	288,764	35621.9%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Sales of Goods	91,073,095	1.0%	90,183,392	-17.9%	109,910,242	439,558	20619.2%
Net turnover	83,751,003	1.5%	82,496,146	-20.0%	103,171,918	432,742	19253.6%
- of which net export turnover	41,815,843	5.8%	39,527,143	-25.0%	52,730,736	1,515	2760021.7%
Operating charges	92,587,037	5.5%	87,765,369	-18.6%	107,855,527	438,296	21024.3%
Operating profit/loss	-1,513,942	-162.6%	2,418,023	17.7%	2,054,715	7,552	-20146.9%
Financial income	2,343,774	-15.5%	2,774,604	15.0%	2,411,696	0	0%
Financial charges	2,519,490	-21.1%	3,193,986	16.6%	2,740,278	698	360858.5%
Financial profit/loss	-175,716	58.1%	-419,382	-27.6%	-328,583	-78	-225176.9%
Pretax net operating income	-1,689,658	-184.5%	1,998,641	15.8%	1,726,132	6,504	-26078.8%
Extraordinary income	157,107	-77.0%	683,781	360.1%	148,613	0	0%
Extraordinary charges	175,928	-73.3%	658,177	35.1%	487,173	180	97637.8%
Extraordinary profit/loss	-18,821	-173.5%	25,604	107.6%	-338,560	0	0%
Net result	-1,417,330	-189.8%	1,577,952	35.4%	1,165,104	6,257	-22751.9%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2011	31/12/2010	31/12/2008
Months	12	12	12

Accounts - Active

Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2011		31/12/2010		31/12/2008
	Grand Total (I to VI)	Net	103,152,050	-0.7%	103,917,687	-6.0%	110,605,409
	Gross	CO	133,929,539	0.8%	132,810,582	-3.5%	137,670,951
	Amortisation	1A	30,777,489	6.5%	28,892,896	6.8%	27,065,542

Non declared distributed capital (I)

		31/12/2011		31/12/2010		31/12/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

			31/12/2011		31/12/2010		31/12/2008
	Total Active fixed asset (II)	Net	54,326,155	-2.6%	55,797,892	-8.0%	60,662,033
	Gross	BJ	81,410,267	0.7%	80,862,966	-3.8%	84,037,459
	Amortisation	BK	27,084,112	8.1%	25,065,074	7.2%	23,375,426

Intangilble fixed assets

			31/12/2011		31/12/2010		31/12/2008
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	35,168,689	0.0%	35,161,992	-0.5%	35,327,271
	Gross	AF	36,117,401	0.4%	35,985,030	0.2%	35,901,938
	Amortisation	AG	948,712	15.3%	823,038	43.2%	574,667
	Goodwill	Net	5,206,694	0%	5,206,694	-9.8%	5,771,266
	Gross	AH	5,206,694	0%	5,206,694	-9.8%	5,771,266
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	498,509	0%	498,509	0%	498,509
	Gross	AJ	503,082	0%	503,082	0%	503,082
	Amortisation	AK	4,573	0%	4,573	0%	4,573
	Pre-payments and downpayments	Net	0	0%	11,638	0%	11,638
	Gross	AL	0	0%	11,638	0%	11,638
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	40,873,892	0.0%	40,878,833	-1.8%	41,608,684

Tangilble fixed assets

			31/12/2011		31/12/2010		31/12/2008
	Lands	Net	10,793	0%	10,793	0%	10,793
	Gross	AN	10,793	0%	10,793	0%	10,793
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	1,394,521	-6.2%	1,487,013	-11.1%	1,671,996
	Gross	AP	2,363,882	0%	2,363,882	0%	2,363,882
	Amortisation	AQ	969,361	10.5%	876,869	26.7%	691,886
	Plant	Net	21,982	15.9%	18,972	-49.9%	37,850
	Gross	AR	134,884	11.0%	121,562	2.4%	118,689
	Amortisation	AS	112,902	10.1%	102,590	26.9%	80,839
	Other tangible fixed assets	Net	8,225,849	-13.3%	9,490,873	-22.1%	12,188,348
	Gross	AT	22,893,043	0.7%	22,734,507	-3.6%	23,585,006
	Amortisation	AU	14,667,194	10.7%	13,243,634	16.2%	11,396,658
	Fixed assets in construction	Net	0	0%	0	0%	384,149
	Gross	AV	0	0%	0	0%	384,149
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	1,035
	Gross	AX	0	0%	0	0%	1,035
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	9,653,145		11,007,651		14,294,171

Financial assets

			31/12/2011		31/12/2010		31/12/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	539,932	20.0%	449,932	-73.6%	1,704,268
	Gross	CU	7,721,302	9.0%	7,084,302	0.2%	7,070,452
	Amortisation	CV	7,181,370	8.2%	6,634,370	23.6%	5,366,184
	Inter-company receivables	Net	2,446,919	-8.0%	2,660,041	28.8%	2,065,756
	Gross	BB	5,646,919	-6.5%	6,040,041	-17.6%	7,326,375
	Amortisation	BC	3,200,000	-5.3%	3,380,000	-35.7%	5,260,619
	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	812,267	1.4%	801,435	-19.0%	989,155
	Gross	BH	812,267	1.4%	801,435	-19.0%	989,155
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		3,799,118		3,911,408		4,759,179

Current Assets (III)

			31/12/2011		31/12/2010		31/12/2008
	Total Assets	Net	48,710,867	1.5%	47,986,915	-3.6%	49,790,922
	Gross	CJ	52,404,243	1.1%	51,814,736	-3.1%	53,481,039
	Amortisation	CK	3,693,376	-3.5%	3,827,821	3.7%	3,690,116

Stocks

			31/12/2011		31/12/2010		31/12/2008
	Raw materials	Net	2,177,199	0%	0	0%	0
	Gross	BL	2,212,471	0%	0	0%	0
	Amortisation	BM	35,272	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	1,428,343	15.1%	1,240,697	-49.3%	2,449,548
	Gross	BP	1,428,343	15.1%	1,240,697	-49.3%	2,449,548
	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	13,820,141	-6.1%	14,725,119	-4.7%	15,449,009
	Gross	BT	16,543,898	-5.6%	17,520,751	-0.2%	17,549,350
	Amortisation	BU	2,723,757	-2.6%	2,795,632	33.1%	2,100,341
	Sub Total Stocks	Net	17,425,683	9.1%	15,965,816	-10.8%	17,898,557

Advance payments to suppliers

			31/12/2011		31/12/2010		31/12/2008
	Advance payments to suppliers	Net	27,896	54.2%	18,086	-3.3%	18,701
	Gross	BV	27,896	54.2%	18,086	-3.3%	18,701
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2011		31/12/2010		31/12/2008
	Trade accounts receivable	Net	17,258,531	1.2%	17,048,684	-3.6%	17,692,886
	Gross	BX	18,192,377	0.6%	18,077,270	-4.2%	18,866,385
	Amortisation	BY	933,846	-9.2%	1,028,586	-12.3%	1,173,499
	Other debtors	Net	1,300,437	16.8%	1,113,396	-63.4%	3,046,156
	Gross	BZ	1,300,437	16.8%	1,113,396	-63.4%	3,046,156
	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	18,558,968	2.2%	18,162,080	-12.4%	20,739,042

Divers

			31/12/2011		31/12/2010		31/12/2008
	Investment securities	Net	8,278,243	-16.2%	9,884,313	73.1%	5,709,764
	Gross	CD	8,278,744	-16.3%	9,887,916	61.4%	6,126,041
	Amortisation	CE	501	-86.1%	3,603	-99.1%	416,277
	Cash and cash equivalents	Net	2,592,642	19.9%	2,161,900	-28.1%	3,007,129
	Gross	CF	2,592,642	19.9%	2,161,900	-28.1%	3,007,129
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	10,870,885	-9.8%	12,046,213	38.2%	8,716,893

Prepaid expenses

			31/12/2011		31/12/2010		31/12/2008
	Prepaid expenses	Net	1,827,435	1.8%	1,794,720	-25.8%	2,417,728
	Gross	CH	1,827,435	1.8%	1,794,720	-25.8%	2,417,728
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2011		31/12/2010		31/12/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Currency differential gain	CN3	115,028	-13.4%	132,881	-12.8%	152,454
Gross		115,028	-13.4%	132,881	-	-

References

		31/12/2011		31/12/2010		31/12/2008
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2010		31/12/2008
Grand Total (I to V)	EE	103,152,050	-0.7%	103,917,687	-6.0%	110,605,409

Shareholder Equity (I)

			31/12/2011		31/12/2010		31/12/2008
	Total shareholders' equity (Total I)	DL	72,157,357	-2.0%	73,608,473	4.8%	70,250,878
	Equity and shareholders' equity	DA	695,849	0%	695,849	0%	695,849
	Issue and merger premiums	DB	886,440	0%	886,440	0%	886,440
	Revaluation differentials	DC	91,469	0%	91,469	0%	91,469
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	76,225	0%	76,225	0%	76,225
	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	48,383,967	0%	48,383,967	0%	48,383,967
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	22,766,001	7.4%	21,188,049	16.9%	18,127,158
	Profit or loss for the period	DI	-1,417,330	-189.8%	1,577,952	35.4%	1,165,104
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	674,736	-4.8%	708,522	-14.1%	824,666

Other capital resources (II)

			31/12/2011		31/12/2010		31/12/2008
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/12/2011		31/12/2010		31/12/2008
	Total provisions for risks and charges (Total III)	DR	900,110	-11.5%	1,016,856	-55.9%	2,306,207
	Risk provisions	DP	900,110	-11.5%	1,016,856	-55.9%	2,306,207
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2011		31/12/2010		31/12/2008
	Total Liabilities (Total IV)	EC	30,076,811	2.7%	29,292,356	-23.0%	38,041,046
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	3,740,323	-34.6%	5,721,372	-38.9%	9,357,550
	Sundry loans and financial liabilities	DV	24,516	29.2%	18,973	-4.6%	19,884
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	390,820	2.7%	380,717	40.9%	270,178
	Trade accounts payables	DX	11,819,626	5.8%	11,170,487	-27.4%	15,395,703
	Tax and social security liabilities	DY	5,619,012	57.2%	3,573,983	5.5%	3,388,395
	Fixed asset liabilities	DZ	6,800,546	0.5%	6,763,814	-9.7%	7,487,859
	Other debts	EA	619,210	-30.5%	891,523	-17.9%	1,085,478

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2008
Translation loss (Total V)	ED	17,770	0%	0	0%	7,278

Equalization accounts

		31/12/2011		31/12/2010		31/12/2008
Deferred income	EB	1,062,758	37.8%	771,487	-25.5%	1,036,000

References

		31/12/2011		31/12/2010		31/12/2008
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)

		31/12/2011		31/12/2010		31/12/2008
Operating result (Total I-II)	GG	-1,513,942	-162.6%	2,418,023	17.7%	2,054,715

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2008
Financial result (Total V-VI)	GV	-175,716	58.1%	-419,382	-27.6%	-328,583

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

		31/12/2011		31/12/2010		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-1,689,658	-184.5%	1,998,641	15.8%	1,726,132

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-18,821	-173.5%	25,604	107.6%	-338,560

Profit or loss

		31/12/2011		31/12/2010		31/12/2008
Profit or loss	HN	-1,417,330	-189.8%	1,577,952	35.4%	1,165,104

Total Income (I+III+V+VII)

		31/12/2011		31/12/2010		31/12/2008
Total Income (I+III+V+VII)	HL	93,573,976	-0.1%	93,641,777	-16.7%	112,470,550

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

		31/12/2011		31/12/2010		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	94,991,306	3.2%	92,063,823	-17.3%	111,305,446

Operating income (I)

		31/12/2011		31/12/2010		31/12/2008
Total operating income (Total I)	FR	91,073,095	1.0%	90,183,392	-17.9%	109,910,242

Operating income (details)

			31/12/2011		31/12/2010		31/12/2008
	Sale of goods for resale	FC	83,369,511	1.6%	82,025,959	-20.0%	102,508,055
	France	FA	41,638,671	-2.3%	42,635,474	-14.9%	50,098,706
	Export	FB	41,730,840	5.9%	39,390,485	-24.8%	52,409,349
	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	381,492	-18.9%	470,187	-29.2%	663,863
	France	FG	296,489	-11.1%	333,529	-2.6%	342,476
	Export	FH	85,003	-37.8%	136,658	-57.5%	321,387
	Net turnover	FL	83,751,003	1.5%	82,496,146	-20.0%	103,171,918
	France	FJ	41,935,160	-2.4%	42,969,003	-14.8%	50,441,183
	Export	FK	41,815,843	5.8%	39,527,143	-25.0%	52,730,736
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	22,070	206.5%	7,200	-67.6%	22,232
	Release of reserves and provisions	FP	3,524,543	3.7%	3,399,708	37.7%	2,469,778
	Other income	FQ	3,775,479	-11.8%	4,280,338	0.8%	4,246,313

Operating charges (II)

		31/12/2011		31/12/2010		31/12/2008
Total operating charges (Total II)	GF	92,587,037	5.5%	87,765,369	-18.6%	107,855,527

Exploitation charges

		31/12/2011		31/12/2010		31/12/2008
Purchase of goods for resale	FS	31,158,007	1.9%	30,591,012	-21.8%	39,135,402
Change in stocks of goods for resale	FT	-1,307,863	-20.6%	-1,084,307	71.6%	-3,816,331
Purchase of raw materials	FU	6,786,055	21.8%	5,570,294	-35.9%	8,683,815
Change in stocks of raw materials	FV	-115,401	0%	0	0%	0
Other external purchases and charges	FW	23,396,302	7.7%	21,721,952	-30.5%	31,249,758
Tax, duty and similar payments	FX	1,977,362	11.5%	1,773,055	-11.7%	2,009,049
Payroll	FY	17,818,760	8.2%	16,472,079	-1.1%	16,647,637
Social security costs	FZ	7,592,539	9.1%	6,959,922	-2.2%	7,118,513

Depreciation

		31/12/2011		31/12/2010		31/12/2008
Depreciation of fixed assets	GA	1,779,336	-3.8%	1,850,265	-8.4%	2,019,969
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	2,936,584	0.1%	2,934,523	17.7%	2,493,505
Provisions for risks and charges	GD	277,230	-20.4%	348,218	-81.5%	1,886,932

Other charges

		31/12/2011		31/12/2010		31/12/2008
Other charges	GE	288,126	-54.1%	628,356	47.1%	427,277

Operating charges (III-IV)

		31/12/2011		31/12/2010		31/12/2008
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/12/2011		31/12/2010		31/12/2008
	Total financial income (Total V)	GP	2,343,774	-15.5%	2,774,604	15.0%	2,411,696
	Share financial income	GJ	794,667	-35.1%	1,224,558	2.7%	1,191,960
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	242,729	2.9%	235,863	-60.8%	601,037
	Released provisions and transferred charges	GM	906,483	10.0%	823,748	207.0%	268,332
	Exchange gains	GN	308,955	-28.4%	431,412	148.2%	173,790
	Net income from disposal of investment securities	GO	90,940	54.1%	59,023	-66.6%	176,577

Financial Charge (VI)

			31/12/2011		31/12/2010		31/12/2008
	Total financial charge (Total VI)	GU	2,519,490	-21.1%	3,193,986	16.6%	2,740,278
	Financial reserves and provisions	GQ	1,252,529	-32.0%	1,841,669	15.7%	1,592,082
	Interest and similar charges	GR	1,009,491	101.0%	502,130	-11.6%	568,225
	Exchange losses	GS	257,470	-49.2%	507,036	-11.1%	570,079
	Net loss from disposal of investment securities	GT	0	0%	343,151	3368.6%	9,893

Extraordinary income (VII)

			31/12/2011		31/12/2010		31/12/2008
	Total extraordinary income (Total VII)	HD	157,107	-77.0%	683,781	360.1%	148,613
	Extraordinary operating income	HA	20,000	0%	0	0%	0
	Extraordinary income from capital transactions	HB	0	0%	75,000	0%	0
	Released provisions and transferred charges	HC	137,107	-77.5%	608,781	309.6%	148,613

Extraordinary charges (VIII)

			31/12/2011		31/12/2010		31/12/2008
	Total extraordinary charges (Total VIII)	HH	175,928	-73.3%	658,177	35.1%	487,173
	Extraordinary operating charges	HE	43,806	1291.1%	3,149	-72.6%	11,503
	Extraordinary charges from capital transactions	HF	28,801	-95.2%	599,414	115.0%	278,814
	Extraordinary reserves and provisions	HG	103,321	85.8%	55,614	-71.7%	196,856

Employee profit sharing (IX)

		31/12/2011		31/12/2010		31/12/2008
Employee profit sharing (Total IX)	HJ	0	0%	155,142	1136.0%	12,552

Tax on profits (X)

		31/12/2011		31/12/2010		31/12/2008
Tax on profits (Total X)	HK	-291,149	-200%	291,149	38.7%	209,916

References

		31/12/2011		31/12/2010		31/12/2008
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	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)

			31/12/2011		31/12/2010		31/12/2008
	Gross value at begin of period	OG	0	0%	0	0%	82,212,899
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	8,686,480
	Decreasess by budget item transfer	OK1	3,079	-93.1%	44,486	-98.4%	2,806,661
	Decreasess by transfers	OK2	1,054,455	-64.5%	2,970,413	-26.8%	4,055,259
	Gross value at the end of period	OL	81,410,268	0.7%	80,862,966	-3.8%	84,037,459

Research and development Charge (Total I)

			31/12/2011		31/12/2010		31/12/2008
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2011		31/12/2010		31/12/2008
	Gross value at begin of period	KD	41,706,444	1.8%	40,963,709	-2.7%	42,086,234
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	132,371	-82.2%	742,735	467.4%	130,913
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	11,638	0%	0	0%	29,224
	Gross value at the end of period	LW	41,827,177	0.3%	41,706,444	-1.1%	42,187,923

Tangible fixed assets (Total III)

			31/12/2011		31/12/2010		31/12/2008
	Gross value at begin of period	LN	25,230,745	-1.1%	25,523,845	-0.2%	25,577,774
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	319,400	-64.7%	905,166	-87.6%	7,298,576
	Decreasess by budget item transfer	NG1	3,079	-93.1%	44,486	-98.4%	2,806,661
	Decreasess by transfers	NG2	144,461	-87.5%	1,153,780	-68.0%	3,606,136
	Gross value at the end of period	NH	25,402,605	0.7%	25,230,745	-4.7%	26,463,553

Fiancial assets (Total IV)

			31/12/2011		31/12/2010		31/12/2008
	Gross value at begin of period	LQ	13,925,778	2.3%	13,607,832	-6.5%	14,548,891
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	1,153,066	-46.0%	2,134,580	69.8%	1,256,992
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	898,355	-50.5%	1,816,634	332.6%	419,900
	Gross value at the end of period	NK	14,180,489	1.8%	13,925,778	-9.5%	15,385,983

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

			31/12/2011		31/12/2010		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	14,085,199
Increases		0P	0	0%	0	0%	2,019,969
Decreasess		0Q	0	0%	0	0%	3,356,545
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	12,748,623

Research and development charge (Total I)

			31/12/2011		31/12/2010		31/12/2008
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2011		31/12/2010		31/12/2008
	Reserve for depreciation value at begin of period	PE	827,611	17.5%	704,051	46.1%	482,008
Increases		PF	125,675	1.7%	123,559	-0.6%	124,320
Decreasess		PG	0	0%	0	0%	27,087
	Decreasess by budget item transfer	PH	953,286	15.2%	827,610	42.9%	579,241

Total fixed assets amotisation (Total III)

			31/12/2011		31/12/2010		31/12/2008
	Reserve for depreciation value at begin of period	QU	14,223,092	7.0%	13,295,195	-2.3%	13,603,192
Increases		QV	1,653,662	-15.1%	1,947,816	2.8%	1,895,650
Decreases		QW	127,298	-87.5%	1,019,919	-69.4%	3,329,458
	Decreasess by budget item transfer	QX	15,749,456	10.7%	14,223,092	16.9%	12,169,383

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2011		31/12/2010		31/12/2008
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2011		31/12/2010		31/12/2008
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2011		31/12/2010		31/12/2008
	Value at begining of period	7C	15,567,568	7.6%	14,461,713	3.6%	13,955,772
Increases		UB	4,569,665	-13.0%	5,252,479	-14.9%	6,169,374
Decreases		UC	4,487,641	8.2%	4,146,624	54.9%	2,677,356
	Value at the end of period	UD	15,649,592	0.5%	15,567,568	-10.8%	17,447,791

Includes Total allocations

Operating	UE	3,213,814	-2.1%	3,282,741	-25.1%	4,380,437
Financial	UG	1,252,529	-32.0%	1,841,669	15.7%	1,592,082
Exceptional	UJ	103,321	85.8%	55,614	-71.7%	196,856

Includes Total Withdrawal

Operating	UF	3,444,050	8.3%	3,179,649	40.7%	2,260,411
Financial	UH	906,483	10.0%	823,784	207.0%	268,332
Exceptional	UK	137,107	-4.3%	143,228	-3.6%	148,613

Total regulated provisions (Total I)

			31/12/2011		31/12/2010		31/12/2008
	Value at begining of period	3Z	708,522	-10.7%	793,353	2.2%	776,422
Increases		TS	103,321	76.9%	58,397	-70.3%	196,856
Decreases		TT	137,107	-4.3%	143,228	-3.6%	148,613
	Value at the end of period	TU	674,736	-4.8%	708,522	-14.1%	824,666

Total risk and charge provisions (Total II)

			31/12/2011		31/12/2010		31/12/2008
	Value at begining of period	5Z	1,016,857	-16.8%	1,221,559	29.1%	946,520
Increases		TV	392,258	-27.4%	540,099	-73.5%	2,039,386
Decreases		TW	509,005	-31.7%	744,801	9.6%	679,699
	Value at the end of period	TX	900,110	-11.5%	1,016,857	-55.9%	2,306,207

Total Provision for depreciation (Total III)

			31/12/2011		31/12/2010		31/12/2008
	Value at begining of period	7B	13,842,191	11.2%	12,446,803	1.7%	12,232,830
Increases		TY	4,074,085	-12.5%	4,653,984	18.3%	3,933,133
Decreases		TZ	3,841,530	17.9%	3,258,596	76.2%	1,849,044
	Value at the end of period	UA	14,074,746	1.7%	13,842,191	-3.3%	14,316,919

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

		31/12/2011		31/12/2010		31/12/2008
Gross value	VT	27,779,436	-0.2%	27,826,863	-14.8%	32,645,799
1 year at most	VU	21,029,101	0.2%	20,985,387	-13.7%	24,330,269
More than one year	VV	6,750,335	-1.3%	6,841,476	-17.7%	8,315,531

State of loans

		31/12/2011		31/12/2010		31/12/2008
Claims related to holdings (gross)	UL	5,646,919	-6.5%	6,040,041	-17.6%	7,326,375
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	812,267	1.4%	801,435	-19.0%	989,155
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2011		31/12/2010		31/12/2008
Customers doubtful or disputed	VA	983,636	-9.1%	1,081,975	-13.3%	1,247,953
Other claims customer	UX	17,208,741	1.3%	16,995,295	-3.5%	17,618,432
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	3,309	-48.8%	6,463	-59.5%	15,944
Social Security and other social organizations	UZ	5,176	-45.0%	9,404	-43.7%	16,714
Income taxes	VM	521,940	65.2%	315,941	-84.1%	1,982,990
Value added tax	VB	465,911	18.7%	392,543	-42.2%	679,706
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	65,288	6.2%	61,489	127.2%	27,065
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	238,813	-27.1%	327,557	1.2%	323,736

Prepaid

		31/12/2011		31/12/2010		31/12/2008
Prepaid	VS	1,827,435	1.8%	1,794,720	-25.8%	2,417,728

State Debt

			31/12/2011		31/12/2010		31/12/2008
	Total debt (gross)	VY	29,685,991	2.7%	28,911,641	-23.5%	37,770,868
1 year at most		VZ2	20,437,629	7.8%	18,953,627	-31.1%	27,526,644
More than 1 year and 5 years at most		VZ3	9,248,362	-3.1%	9,547,113	12.9%	8,459,562
More than 5 years		VZ4	0	0%	410,901	-77.0%	1,784,662

Details

			31/12/2011		31/12/2010		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	3,740,323	-34.6%	5,721,372	0%	0
1 year at most		VG2	1,241,961	-50.6%	2,513,358	0%	0
More than 1 year and 5 years at most		VG3	2,498,362	-10.7%	2,797,113	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	9,357,550
1 year at most		VH2	0	0%	0	0%	4,738,326
More than 1 year and 5 years at most		VH3	0	0%	0	0%	2,834,562
	Loans and various financial liabilities (gross)	8A1	24,516	29.2%	18,973	-4.6%	19,884
1 year at most		8A2	24,516	29.2%	18,973	-4.6%	19,884
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	11,819,626	5.8%	11,170,487	-27.4%	15,395,703
1 year at most		8B2	11,819,626	5.8%	11,170,487	-27.4%	15,395,703
More than 1 year and 5 years at most		8B3	11,819,626	5.8%	11,170,487	0%	0
	Personnel and associated accounts (gross)	8C1	1,917,537	0.7%	1,903,643	22.7%	1,551,878
1 year at most		8C2	1,917,537	0.7%	1,903,643	22.7%	1,551,878
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	3,105,524	187.6%	1,079,650	7.4%	1,005,630
1 year at most		8D2	3,105,524	187.6%	1,079,650	7.4%	1,005,630
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	333,613	-3.3%	345,040	-1.6%	350,566
1 year at most		VW2	333,613	-3.3%	345,040	-1.6%	350,566
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	262,337	6.8%	245,650	-48.9%	480,321
1 year at most		VQ2	262,337	6.8%	245,650	-48.9%	480,321
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	6,800,546	0.5%	6,763,814	-9.7%	7,487,859
1 year at most		8J2	50,546	265.9%	13,814	-99.3%	1,862,859
More than 1 year and 5 years at most		8J3	6,750,000	0%	6,750,000	20.0%	5,625,000
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	619,210	-30.5%	891,523	-17.9%	1,085,478
1 year at most		8K2	619,210	-30.5%	891,523	-17.9%	1,085,478
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	1,062,758	37.8%	771,487	-25.5%	1,036,000
1 year at most		8L2	1,062,758	37.8%	771,487	-25.5%	1,036,000
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2008
Loans made during the period	VJ	5,543	0%	0	0%	3,127,481
Debt repaid during the period	VK	696,794	-9.4%	769,124	3.3%	744,716

Table allocation results and other information
Dividends distributed

		31/12/2011		31/12/2010		31/12/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2011		31/12/2010		31/12/2008
Commitments leasing furniture	YQ	0	0%	0	0%	5,040
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

		31/12/2011		31/12/2010		31/12/2008
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2011		31/12/2010		31/12/2008
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2011		31/12/2010		31/12/2008
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/12/2011		31/12/2010		31/12/2008
Average number of employees	YP	365	2.2%	357	-3.0%	368

Groups and Shareholders

		31/12/2011		31/12/2010		31/12/2008
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Fixed Asset Financing		1.28	-1.5%	1.30	4.0%	1.25	1.91	-33.0%
Global Debt		129 days	0.8%	128 days	-3.8%	133 days	144 days	-10.4%
Working Capital Fund overall net		97 days	-9.3%	107 days	44.6%	74 days	46 days	110.9%
Financial independence		1929.17%	49.9%	1286.55%	71.4%	750.74%	340.61%	466.4%
Solvability		69.95%	-1.2%	70.83%	11.5%	63.51%	25.83%	170.8%
Capacity debt futures		1156.61%	27.4%	907.90%	-38.8%	1482.61%	745.46%	55.2%
Coverage of current assets by net working capital overall		38.22%	-6.8%	41.01%	10.2%	37.20%	32.26%	18.5%
General Liquidity		1.03	-7.2%	1.11	26.1%	0.88	0.39	164.1%
Restricted Liquidity		1.56	-10.3%	1.74	42.6%	1.22	0.71	119.7%

Management or rotation

		31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Need background in operating working capital		46 days	-8.0%	50 days	31.6%	38 days	9 days	411.1%
Treasury		47 days	-11.3%	53 days	65.6%	32 days	6 days	683.3%
Inventory turnover of goods		200 days	-6.5%	214 days	19.6%	179 days	92 days	117.4%
Average length of credit granted to customers		78 days	-1.3%	79 days	19.7%	66 days	29 days	169.0%
Average length of credit obtained suppliers		71 days	0%	71 days	-4.1%	74 days	62 days	14.5%
Inventory turnover of raw materials in industrial enterprises		16 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1937 days	-
Rotation tangible assets		329.69%	0.8%	326.97%	-16.1%	389.86%	2090.39%	-84.2%

Profitability of the business

		31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Margin trading		63.90%	0.4%	63.66%	-2.2%	65.12	31.94%	100.1%
Profitability of the business		-4.22	-791.8%	0.61	-71.0%	2.10	2.73%	-254.6%
Net profit		-1.69%	-188.5%	1.91%	69.0%	1.13%	1.56%	-208.3%
Growth rate of turnover (excluding VAT)		1.52%	0%	0%	0%	-0.79%	0%	0%
Rates integration		28.46%	-8.6%	31.15%	15.1%	27.06%	18.42%	54.5%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		106.62%	16.9%	91.19%	7.1%	85.12%	69.50%	53.4%
Weight interests		3.01	-22.2%	3.87%	45.5%	2.66%	0.21%	1333.3%

Return on capital

		31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Cash flow from the overall profitability		-3.27%	-258.7%	2.06%	-17.6%	2.50%	2.02%	-261.9%
Rates of economic profitability		-5%	-600%	1%	-66.7%	3%	13.22%	-137.8%
Financial profitability		72157357%	-2.0%	73608473%	4.8%	70250878%	27543%	261880.7%
Return on investment		1.45%	-75.9%	6.01%	22.7%	4.90%	10.25%	-85.9%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2011		31/12/2010		31/12/2008	Sector Median 2011
Turnover	83,751,003	1.5%	82,496,146	-20.0%	103,171,918	432,742 €	19253.6%

Sales of goods	83,369,511	1.6%	82,025,959	-20.0%	102,508,055
- Purchase of goods	31,158,007	1.9%	30,591,012	-21.8%	39,135,402
+/- Stock of goods variation	-1,307,863	-20.6%	-1,084,307	71.6%	-3,816,331
Trading margin	53,519,367 €	1.9%	52,519,254 €	-21.8%	67,188,984 €	111,669 €	47826.8%
	63.90 % CA	0.4%	63.66 % CA	-2.2%	65.12 % CA	32.85 % CA	94.5%

Sale of goods produced	381,492	-18.9%	470,187	-29.2%	663,863
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	381,492 €	-18.9%	470,187 €	-29.2%	663,863 €	1,846 €	20565.9%
	0.46 % CA	-19.3%	0.57 % CA	-10.9%	0.64 % CA	1.10 % CA	-58.2%

Trading margin	53,519,367	1.9%	52,519,254	-21.8%	67,188,984	111,669	47826.8%
+ Period Production	381,492	-18.9%	470,187	-29.2%	663,863	1,846	20565.9%
- Purchase of raw materials	6,786,055	21.8%	5,570,294	-35.9%	8,683,815
+/- Change in stocks of raw materiels	-115,401	0%	0	0%	0
- Other external purchases and charges	23,396,302	7.7%	21,721,952	-30.5%	31,249,758
Added value	23,833,903 €	-7.3%	25,697,195 €	-8.0%	27,919,274 €	85,447 €	27793.2%
	28.46 % CA	-8.6%	31.15 % CA	15.1%	27.06 % CA	18.42 % CA	54.5%

Added value	23,833,903 €	-7.3%	25,697,195 €	-8.0%	27,919,274 €	85,447 €	27793.2%
+ Operating grants	22,070	206.5%	7,200	-67.6%	22,232
- Tax, duty and similar payments	1,977,362	11.5%	1,773,055	-11.7%	2,009,049
- Personal charges	25,411,299	8.4%	23,432,001	-1.4%	23,766,150
Gross operating surplus	-3,532,688 €	-807.5%	499,339 €	-76.9%	2,166,307 €	9,852 €	-35957.6%
	-4.22 % CA	-791.8%	0.61 % CA	-71.0%	2.10 % CA	2.73 % CA	-254.6%

Gross operating surplus	-3,532,688 €	-807.5%	499,339 €	-76.9%	2,166,307 €	9,852 €	-35957.6%
+ Release of reserves and provisions	3,524,543	3.7%	3,399,708	37.7%	2,469,778
+ Other operating income	3,775,479	-11.8%	4,280,338	0.8%	4,246,313
- Depreciation/Amortisation	4,993,150	-2.7%	5,133,006	-19.8%	6,400,406
- Other charges	288,126	-54.1%	628,356	47.1%	427,277
Operating result	-1,513,942 €	-162.6%	2,418,023 €	17.7%	2,054,715 €	7,544 €	-20168.2%
	-1.81 % CA	-161.8%	2.93 % CA	47.2%	1.99 % CA	2.07 % CA	-187.4%

Operating result	-1,513,942 €	-162.6%	2,418,023 €	17.7%	2,054,715 €	7,544 €	-20168.2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	2,343,774	-15.5%	2,774,604	15.0%	2,411,696
- Financial charges	2,519,490	-21.1%	3,193,986	16.6%	2,740,278
Pre-tax result	-1,689,658 €	-184.5%	1,998,641 €	15.8%	1,726,133 €	6,504 €	-26078.8%
	-2.02 % CA	-183.5%	2.42 % CA	44.9%	1.67 % CA	1.70 % CA	-218.8%

Extraordinary income	157,107	-77.0%	683,781	360.1%	148,613	0	0%
- Extraordinary charges	175,928	-73.3%	658,177	35.1%	487,173
Extraordinary result	-18,821 €	-173.5%	25,604 €	107.6%	-338,560 €	0 €	0%
	-0.02 % CA	-166.7%	0.03 % CA	109.1%	0 % CA	0 % CA	0%

Pre-tax result	-1,689,658 €	-184.5%	1,998,641 €	15.8%	1,726,133 €	6,504 €	-26078.8%
Extraordinary result	-18,821 €	-173.5%	25,604 €	107.6%	-338,560 €	0 €	0%
- Employee profit sharing	0	0%	155,142	1136.0%	12,552
- Tax on profits	-291,149	-200%	291,149	38.7%	209,916
Net result	-1,417,330 €	-189.8%	1,577,954 €	35.4%	1,165,105 €	6,200 €	-22960.2%
	-1.69 % CA	-188.5%	1.91 % CA	69.0%	1.13 % CA	1.55 % CA	-209.0%

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	13/12/2007
Status of Monitoring	No social security and tax office preferential right to date

Social security, pension funds preferential rights

Number of preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

31001754

27/01/2010

15/03/2010

CRICA

3,790 EUR

-

Reason for closure	Crossed Off
Court	Paris
Description	Sommes dues au 31/10/2009
Creditor	CRICA
Debtor	SA SONIA RYKIEL CREATION DIFFUSION DE MODELES CDM 175 BD SAINT GERMAIN 75006 PARIS

Consolidated Accounts

Active Account |  Passive Account |  Account Results |  Consolidation

Synthesized Accounts

Annual Accounts	31/12/2011	31/12/2010	31/12/2009
Account period (month)	12	12	12
Account Type	Consolidated	Consolidated	Consolidated
Activity Code	4642Z	4642Z	4642Z

Active account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009
Capital not called	0	0%	0	0%	0
Total fixed assets	55,766,863	-2.8%	57,345,775	-3.3%	59,275,537
- Intangible assets	44,291,337	0.0%	44,281,272	-0.1%	44,337,651
- Tangible assets	10,485,483	-13.3%	12,089,769	-12.3%	13,784,278
- Financial assets	990,043	1.6%	974,734	-15.5%	1,153,608
Net current assets	50,587,322	0.3%	50,412,684	2.7%	49,079,950
- Stocks	18,812,630	9.4%	17,198,528	4.1%	16,521,142
- Advanced payments	27,921	54.4%	18,086	-13.7%	20,962
- Receivables	17,644,718	0.2%	17,612,141	7.2%	16,424,779
- Securities and cash	14,102,053	-9.5%	15,583,929	-3.3%	16,113,067
Accounts of regularization	08	0%	0	0%	0
Total Assets	106,354,193	-1.3%	107,758,459	-0.6%	108,355,487

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009
Shareholders' equity	70,578,132	-2.1%	72,102,802	1.4%	71,110,864
Share capital	695,849	0%	695,849	0%	695,849
Other capital resources	0	0%	0	0%	0
Risk Provisions	4,544,867	-1.1%	4,593,484	4.3%	4,406,097
Liabilities	31,222,609	0.6%	31,050,670	-5.4%	32,820,744
- Financial liabilities	4,154,375	-37.5%	6,650,167	-19.5%	8,257,980
- Advanced payments received	404,504	-7.6%	437,568	363.3%	94,455
- Trade account payables	12,271,485	6.1%	11,570,595	8.5%	10,665,720
- Tax and social liabilities	5,881,197	49.5%	3,932,984	-5.7%	4,169,542
- Other debts and fixed assets liabilities	7,448,297	-3.1%	7,687,868	-5.0%	8,092,437
Account regularization	1,062,759	37.8%	771,488	-49.9%	1,540,610
Total liabilities	106,354,193	-1.3%	107,758,459	-0.6%	108,355,487

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2009
Sales of Goods	97,014,429	-0.5%	97,535,821	-3.6%	101,141,465
Net turnover	89,621,686	0.0%	89,602,716	-2.2%	91,583,487
- of which net export turnover	46,717,900	2.6%	45,548,713	-3.4%	47,173,319
Operating charges	98,997,984	4.0%	95,165,200	-3.0%	98,089,937
Operating profit/loss	-1,983,555	-183.7%	2,370,621	-22.3%	3,051,528
Financial income	878,663	-40.5%	1,477,577	16.9%	1,263,430
Financial charges	696,114	-46.3%	1,295,096	-17.4%	1,567,637
Financial profit/loss	182,549	0.0%	182,481	160.0%	-304,207
Pretax net operating income	-1,801,006	-170.5%	2,553,102	-7.1%	2,747,321
Extraordinary income	20,000	-96.5%	567,261	-37.0%	900,100
Extraordinary charges	76,356	-91.5%	898,835	-71.3%	3,133,316
Extraordinary profit/loss	-56,356	83.0%	-331,574	85.2%	-2,233,216

Consolidation

Annual Accounts	31/12/2011		31/12/2010		31/12/2009
Net result before amortisation of goodwill	-1,472,465	-234.4%	1,095,898	14117.6%	-7,818
Goodwill amortisation allocation	0	0%	0	0%	0
Net result of equity affiliates companies	0	0%	0	0%	0
Net result of integrated companies	0	0%	0	0%	0
Group result (consolidated net result)	-1,472,465	-234.4%	1,095,898	14117.6%	-7,818
Share of minority interest (Result except group)	2,434	-21.1%	3,084	-7.7%	3,342
Net result - group share (part of parent company)	-1,474,899	-235.0%	1,092,814	9892.2%	-11,160

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2011	31/12/2010	31/12/2009
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2011		31/12/2010		31/12/2009
	Grand Total (I to VI)	Net	106,354,193	-1.3%	107,758,459	-0.6%	108,355,487
	Gross	CO	106,354,193	-19.8%	132,635,989	0.4%	132,167,178
	Amortisation	1A	0	0%	24,877,530	4.5%	23,811,691

Capital subscribed not called (I)

		31/12/2011		31/12/2010		31/12/2009
Capital suscribed not called (I)	AA3	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2011		31/12/2010		31/12/2009
	Total Active fixed asset (II)	Net	55,766,863	-2.8%	57,345,775	-3.3%	59,275,537
	Gross	BJ	55,766,863	-28.6%	78,139,185	-0.7%	78,677,592
	Amortisation	BK	0	0%	20,793,410	7.2%	19,402,055

Intangilble fixed assets

			31/12/2011		31/12/2010		31/12/2009
	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	35,168,732	0.0%	35,162,545	-0.2%	35,216,098
	Gross	AF	35,168,732	-2.5%	36,085,765	0.2%	36,018,412
	Amortisation	AG	0	0%	923,220	15.1%	802,314
	Goodwill	Net	8,624,096	0.2%	8,608,580	0.0%	8,611,406
	Gross	AH	8,624,096	0.2%	8,608,580	0.0%	8,611,406
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	498,509	0%	498,509	0%	498,509
	Gross	AJ	498,509	-0.9%	503,082	0%	503,082
	Amortisation	AK	0	0%	4,573	0%	4,573
	Pre-payments and downpayments	Net	0	0%	11,638	0%	11,638
	Gross	AL	0	0%	11,638	0%	11,638
	Amortisation	AM	0	0%	0	0%	0

Tangilble fixed assets

			31/12/2011		31/12/2010		31/12/2009
	Acquisition difference	Net	0	0%	0	0%	0
	Gross	A11	0	0%	0	0%	0
	Amortisation	A12	0	0%	0	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	A21	0	0%	0	0%	0
	Amortisation	A22	0	0%	0	0%	0
	Difference from the first consolidation	Net	0	0%	0	0%	0
	Gross	A31	0	0%	0	0%	0
	Amortisation	A32	0	0%	0	0%	0
	Lands	Net	0	0%	10,793	0%	10,793
	Gross	AN	0	0%	10,793	0%	10,793
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	10,793	-99.3%	1,487,013	-5.9%	1,579,504
	Gross	AP	10,793	-99.5%	2,363,882	0%	2,363,882
	Amortisation	AQ	0	0%	876,869	11.8%	784,378
	Plant	Net	1,394,521	6991.7%	19,664	-66.0%	57,758
	Gross	AR	1,394,521	-10.0%	1,550,020	0.1%	1,549,221
	Amortisation	AS	0	0%	1,530,356	2.6%	1,491,463
	Other tangible fixed assets	Net	21,982	-99.8%	10,572,299	-12.6%	12,091,737
	Gross	AT	21,982	-99.9%	28,024,616	-1.3%	28,406,108
	Amortisation	AU	0	0%	17,452,317	7.0%	16,314,371
	Fixed assets in construction	Net	9,058,187	0%	0	0%	43,451
	Gross	AV	9,058,187	0%	0	0%	43,451
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	1,035
	Gross	AX	0	0%	0	0%	1,035
	Amortisation	AY	0	0%	0	0%	0

Financial assets

			31/12/2011		31/12/2010		31/12/2009
	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	0%	0
	Other financial assets	Net	990,043	1.6%	974,734	-15.5%	1,153,608
	Gross	BH	990,043	0.9%	980,809	-15.3%	1,158,564
	Amortisation	BI	0	0%	6,075	22.6%	4,956
	Other financial assets	Net	0	0%	0	0%	0
	Gross	A41	0	0%	0	0%	0
	Amortisation	A42	0	0%	0	0%	0

Current Assets (III)

			31/12/2011		31/12/2010		31/12/2009
	Total Assets	Net	50,587,322	0.3%	50,412,684	2.7%	49,079,950
	Gross	CJ	50,587,322	-7.2%	54,496,804	1.9%	53,489,586
	Amortisation	CK	0	0%	4,084,120	-7.4%	4,409,636

Stocks

			31/12/2011		31/12/2010		31/12/2009
	Raw materials	Net	2,177,199	0%	0	0%	0
	Gross	BL	2,177,199	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	1,428,343	15.1%	1,240,697	8.8%	1,140,199
	Gross	BP	1,428,343	15.1%	1,240,697	8.8%	1,140,199
	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	15,207,088	-4.7%	15,957,831	3.8%	15,380,943
	Gross	BT	15,207,088	-19.3%	18,838,384	3.7%	18,158,524
	Amortisation	BU	0	0%	2,880,553	3.7%	2,777,581

Advance payments to suppliers

			31/12/2011		31/12/2010		31/12/2009
	Advance payments to suppliers	Net	27,921	54.4%	18,086	-13.7%	20,962
	Gross	BV	27,921	54.4%	18,086	-13.7%	20,962
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2011		31/12/2010		31/12/2009
	Trade accounts receivable	Net	12,906,636	-3.5%	13,371,190	10.9%	12,060,888
	Gross	BX	12,906,636	-10.9%	14,483,490	9.3%	13,254,176
	Amortisation	BY	0	0%	1,112,300	-6.8%	1,193,288
	Other debtors	Net	2,651,990	21.1%	2,190,177	-23.1%	2,848,726
	Gross	BZ	2,651,990	21.1%	2,190,177	-23.1%	2,848,726
	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

Divers

			31/12/2011		31/12/2010		31/12/2009
	Investment securities	Net	9,260,580	-17.9%	11,278,638	-6.2%	12,019,962
	Gross	CD	9,260,580	-18.6%	11,369,905	-8.7%	12,458,729
	Amortisation	CE	0	0%	91,267	-79.2%	438,767
	Cash and cash equivalents	Net	4,841,473	12.5%	4,305,291	5.2%	4,093,105
	Gross	CF	4,841,473	12.5%	4,305,291	5.2%	4,093,105
	Amortisation	CG	0	0%	0	0%	0

Prepaid expenses

			31/12/2011		31/12/2010		31/12/2009
	Prepaid expenses	Net	2,086,092	1.7%	2,050,774	35.3%	1,515,165
	Gross	CH	2,086,092	1.7%	2,050,774	35.3%	1,515,165
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2011		31/12/2010		31/12/2009
Multi-period charges	CW3	0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Currency differential gain	CN3	08	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
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)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to IV)	EE	106,354,193	-1.3%	107,758,459	-0.6%	108,355,487

Shareholder Equity (I)

			31/12/2011		31/12/2010		31/12/2009
	Total shareholders' equity (Total I)	DL	70,578,132	-2.1%	72,102,802	1.4%	71,110,864
	Equity and shareholders' equity	DA	695,849	0%	695,849	0%	695,849
	Issue and merger premiums	DB	886,440	0%	886,440	0%	886,440
	Revaluation differentials	DC	91,469	0%	91,469	0%	91,469
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	76,225	0%	76,225	0%	76,225
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Other reserves	DG	47,254,064	-1.0%	47,739,378	-3.8%	49,643,227
	Profits or losses brought forward	DH	22,766,001	7.4%	21,188,049	9.8%	19,292,262
	Conversion differences	P1	282,983	-14.9%	332,578	-23.8%	436,552
	Net result - group part	P2	-1,474,899	-235.0%	1,092,814	9892.2%	-11,160
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2011		31/12/2010		31/12/2009
	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
	Others	P3	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/12/2011		31/12/2010		31/12/2009
	Total provisions for risks and charges (Total III)	DR	4,544,867	-1.1%	4,593,484	4.3%	4,406,097
	Conversion differences	P4	0	0%	0	0%	0
	In reserves	P5	6,143	-27.0%	8,419	-41.7%	14,440
	In results	P6	2,434	-21.1%	3,084	-7.7%	3,342
	Total III	P7	8,577	-25.4%	11,503	-35.3%	17,782
	Delayed tax	P8	1,850,602	8.2%	1,709,801	18.3%	1,445,746
	Acquisition differences	P9	0	0%	0	0%	0
	Risk provisions	DP	2,694,265	-6.6%	2,883,683	-2.6%	2,960,351
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2011		31/12/2010		31/12/2009
	Total Liabilities (Total IV)	EC	31,222,609	0.6%	31,050,670	-5.4%	32,820,744
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	4,153,886	-37.5%	6,649,680	-19.5%	8,257,493
	Sundry loans and financial liabilities	DV	489	0.4%	487	0%	487
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	404,504	-7.6%	437,568	363.3%	94,455
	Trade accounts payables	DX	12,271,485	6.1%	11,570,595	8.5%	10,665,720
	Tax and social security liabilities	DY	5,881,197	49.5%	3,932,984	-5.7%	4,169,542
	Fixed asset liabilities	DZ	6,800,546	0.5%	6,763,814	0.1%	6,755,716
	Other debts	EA	647,743	-29.9%	924,054	-30.9%	1,336,721

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2009
Translation loss (Total V)	ED	08	0%	0	0%	0

Equalization accounts

		31/12/2011		31/12/2010		31/12/2009
Deferred income	EB	1,062,759	37.8%	771,488	-49.9%	1,540,610

References

		31/12/2011		31/12/2010		31/12/2009
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
Operating income | Operating charges | Financial income | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result (I-II)

		31/12/2011		31/12/2010		31/12/2009
Operating result (Total I-II)	GG	-1,983,555	-183.7%	2,370,621	-22.3%	3,051,528

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	182,549	0.0%	182,481	160.0%	-304,207

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

		31/12/2011		31/12/2010		31/12/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-1,801,006	-170.5%	2,553,102	-7.1%	2,747,321

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	-56,356	83.0%	-331,574	85.2%	-2,233,216

Consolidation

		31/12/2011		31/12/2010		31/12/2009
Delayed tax	R1	-152,804	-128.7%	531,567	505.4%	-131,120
Net result before amortisation of acquisition differences	R2	-1,472,465	-234.4%	1,095,898	14117.6%	-7,818
Endowment to amortisation of acquisition differences	R3	0	0%	0	0%	0
Net result of companies set in equivalence	R4	0	0%	0	0%	0
Net result of integrated companies	R5	0	0%	0	0%	0
Group result (consolidated net result)	R6	-1,472,465	-234.4%	1,095,898	14117.6%	-7,818
Cross-reference : equipment leasing	R7	2,434	-21.1%	3,084	-7.7%	3,342
Cross-reference : property leasing	R8	-1,474,899	-235.0%	1,092,814	9892.2%	-11,160

Operating income (I)

		31/12/2011		31/12/2010		31/12/2009
Total operating income (Total I)	FR	97,014,429	-0.5%	97,535,821	-3.6%	101,141,465

Operating income (details)

			31/12/2011		31/12/2010		31/12/2009
	Sale of goods for resale	FC	89,211,656	0.1%	89,098,176	-2.3%	91,154,319
	France	FA	42,597,589	-2.5%	43,707,261	-1.2%	44,233,480
	Export	FB	46,614,067	2.7%	45,390,915	-3.3%	46,920,839
	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	410,030	-18.7%	504,540	17.6%	429,168
	France	FG	306,197	-11.7%	346,742	96.2%	176,688
	Export	FH	103,833	-34.2%	157,798	-37.5%	252,480
	Net turnover	FL	89,621,686	0.0%	89,602,716	-2.2%	91,583,487
	France	FJ	42,903,786	-2.6%	44,054,003	-0.8%	44,410,168
	Export	FK	46,717,900	2.6%	45,548,713	-3.4%	47,173,319
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	22,070	206.5%	7,200	-73.9%	27,630
	Release of reserves and provisions	FP	3,655,991	-3.3%	3,780,811	-20.1%	4,731,456
	Other income	FQ	3,714,682	-10.4%	4,145,094	-13.6%	4,798,892

Operating charges (II)

		31/12/2011		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	98,997,984	4.0%	95,165,200	-3.0%	98,089,937

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
Purchase of goods for resale	FS	31,157,710	2.0%	30,556,766	1.5%	30,100,028
Change in stocks of goods for resale	FT	-1,437,011	-98.5%	-723,939	-123.0%	3,153,630
Purchase of raw materials	FU	6,805,234	21.8%	5,588,788	3.6%	5,396,688
Change in stocks of raw materials	FV	-115,401	0%	0	0%	0
Other external purchases and charges	FW	27,417,776	6.0%	25,856,072	-1.9%	26,352,093
Tax, duty and similar payments	FX	2,154,129	3.5%	2,080,640	14.1%	1,822,884
Payroll	FY	19,442,448	7.6%	18,072,775	4.3%	17,328,268
Social security costs	FZ	7,978,297	8.7%	7,336,478	2.3%	7,169,665

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	2,050,593	-9.5%	2,266,666	-9.9%	2,514,374
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	2,955,173	-1.1%	2,987,580	5.8%	2,822,769
Provisions for risks and charges	GD	283,172	-44.1%	506,533	-20.4%	636,176

Other charges

		31/12/2011		31/12/2010		31/12/2009
Other charges	GE	305,864	-52.0%	636,841	-19.7%	793,362

Operating charges (III-IV)

		31/12/2011		31/12/2010		31/12/2009
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)

			31/12/2011		31/12/2010		31/12/2009
	Total financial income (Total V)	GP	878,663	-40.5%	1,477,577	16.9%	1,263,430
	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	8,891	-55.7%	20,064	-60.5%	50,830
	Released provisions and transferred charges	GM	91,266	-79.2%	438,767	-17.6%	532,294
	Exchange gains	GN	680,461	-29.0%	957,951	62.0%	591,352
	Net income from disposal of investment securities	GO	98,045	61.3%	60,795	-31.7%	88,954

Financial Charge (VI)

			31/12/2011		31/12/2010		31/12/2009
	Total financial charge (Total VI)	GU	696,114	-46.3%	1,295,096	-17.4%	1,567,637
	Financial reserves and provisions	GQ	100,784	10.4%	91,265	-79.2%	438,767
	Interest and similar charges	GR	263,171	-16.9%	316,669	-24.6%	420,261
	Exchange losses	GS	332,159	-38.9%	544,011	-7.6%	588,634
	Net loss from disposal of investment securities	GT	0	0%	343,151	186.0%	119,975

Extraordinary income (VII)

			31/12/2011		31/12/2010		31/12/2009
	Total extraordinary income (Total VII)	HD	20,000	-96.5%	567,261	-37.0%	900,100
	Extraordinary operating income	HA	20,000	0%	0	0%	0
	Extraordinary income from capital transactions	HB	0	0%	101,708	-88.7%	900,100
	Released provisions and transferred charges	HC	0	0%	465,553	0%	0

Extraordinary charges (VIII)

			31/12/2011		31/12/2010		31/12/2009
	Total extraordinary charges (Total VIII)	HH	76,356	-91.5%	898,835	-71.3%	3,133,316
	Extraordinary operating charges	HE	47,527	-71.4%	166,036	2263.8%	7,024
	Extraordinary charges from capital transactions	HF	28,829	-95.4%	629,636	-73.4%	2,370,993
	Extraordinary reserves and provisions	HG	0	0%	103,163	-86.3%	755,299

Employee profit sharing (IX)

		31/12/2011		31/12/2010		31/12/2009
Employee profit sharing (Total IX)	HJ	0	0%	155,142	-60.5%	392,818

Tax on profits (X)

		31/12/2011		31/12/2010		31/12/2009
Tax on profits (Total X)	HK	-232,093	-152.9%	438,921	68.7%	260,225

References

		31/12/2011		31/12/2010		31/12/2009
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0

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

Structure and Liquidity

		31/12/2011		31/12/2010		31/12/2009
Fixed Asset Financing		1.42	6.8%	1.33	1.5%	1.31
Global Debt		125.42 days	0.5%	124.75 days	-3.3%	129.01 days
Working Capital Fund overall net		94.44 days	-9.6%	104.46 days	8.5%	96.30 days
Financial independence		1699.09%	56.7%	1084.30%	25.9%	861.17%
More ratios
Solvability		66.36%	-0.8%	66.91%	2.0%	65.63%

Management or rotation

		31/12/2011		31/12/2010		31/12/2009
Need background in operating working capital		33.72 days	-8.3%	36.76 days	10.9%	33.14 days
Treasury		56.65 days	-10.1%	62.98 days	-3.2%	65.06 days
Inventory turnover of goods		184.20 days	-19.0%	227.33 days	15.6%	196.58 days
More ratios
Inventory turnover of raw materials in industrial enterprises		14.67 days	0%	0 days	0%	0 days
Inventory turnover of intermediate and finished products in the industrial enterprise		0 days	0%	0 days	0%	0 days

Profitability of the business

		31/12/2011		31/12/2010		31/12/2009
Margin trading		89211622.84%	0.1%	89098142.71%	-2.3%	91154282.69
Profitability of the business		-4.19	-545.7%	0.94	203.2%	0.31
More ratios
Rates integration		28.78%	-9.0%	31.61%	8.9%	29.02%
Rate leasing furniture		0%	0%	0%	0%	0%
Weight interests		0.78	-46.2%	1.45%	-15.2%	1.71%

Return on capital

		31/12/2011		31/12/2010		31/12/2009
Rates of economic profitability		-5.03%	-570.1%	1.07%	197.2%	0.36%

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
19/02/2014	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 2333 - 652 040 817 RCS Paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société anonyme. Administration : Commissaire aux comptes titulaire partant : INTECO, modification du Commissaire aux comptes titulaire Nahum, William, nomination du Commissaire aux comptes suppléant : Nahum, Carole. Capital : 695849 EUR. Activité : . Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Commentaires : modification survenue sur l'administration.
24/10/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 13839 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société anonyme. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
24/10/2012	Bodacc C	Comptes annuels, consolidés et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 13840 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société anonyme. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
03/10/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1358 - 652 040 817 RCS Paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société anonyme. Administration : Commissaire aux comptes titulaire partant : HOCHE AUDIT, nomination du Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT, Commissaire aux comptes suppléant partant : Payebien Champion, Florence, nomination du Commissaire aux comptes suppléant : Chaumartin-Roesch, Anik. Capital : 695849 EUR. Activité : . Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Commentaires : modification survenue sur l'administration.
07/06/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1044 - 652 040 817 RCS Paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société anonyme. Administration : modification du Président du conseil d'administration Loubier, Jean-Marc, Membre du Directoire partant : Loubier, Jean-Marc, nomination du Directeur général et Administrateur : Langon, Eric, modification de l'Administrateur Rykiel, Nathalie, modification de l'Administrateur Hefer, Giles, modification de l'Administrateur Tsui, Monica, modification du Commissaire aux comptes suppléant Payebien Champion, Florence, modification du Commissaire aux comptes suppléant Nahum, William. Capital : 695849 EUR. Activité : . Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Commentaires : modification survenue sur la forme juridique et l'administration.
27/05/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 267 - 652 040 817 RCS Paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Administration : nomination du Président : Loubier, Jean-Marc, Directeur général et Membre du Directoire partant : Flis Dite Sonia Rykiel, Sonia, Président du conseil de surveillance partant : Rykiel, Jean-Philippe, nomination du Président du conseil de surveillance : Hefer, Giles, modification du Vice-Président et Membre du conseil de surveillance Rykiel, Nathalie, Vice-Président et Membre du conseil de surveillance partant : Flis, nom d'usage : Zonabend, Francoise, nomination du Membre du Directoire : Loubier, Jean-Marc, Membre du conseil de surveillance partant : Burstein, nom d'usage : Burstein-Rykiel, Tatiana, nomination du Membre du conseil de surveillance : Tsui, Monica. Capital : 695849 EUR. Activité : . Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Commentaires : modification survenue sur l'administration.
16/05/2012	JAL	Appointment of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 16/04/2012 Société faisant l'objet d'une nomination : 652040817 - SONIA RYKIEL CDM, 175 BD SAINT GERMAIN, 75006 PARIS 6 Nominé : Monsieur Jean-Marc LOUBIER, 75008 PARIS 08 En la fonction de : Président du Conseil d'Administration Nominé : Madame Nathalie RYKIEL, 75007 PARIS 07 En la fonction de : Administrateur Nominé : Monsieur Eric LANGON, 75011 PARIS 11 En la fonction de : Administrateur Nominé : Madame Monica TSUI, MID-LEVELS En la fonction de : Administrateur Nominé : Monsieur Giles HEFER, SW114BP LONDRES En la fonction de : Administrateur Nominé : Monsieur Jean-Marc LOUBIER, 75008 PARIS 08 En la fonction de : Administrateur Nominé : Monsieur Eric LANGON, 75011 PARIS 11 En la fonction de : Directeur général
26/04/2012	JAL	Resignation / Revocation of the social representative
Gazette du palais (La) Date de décision : 17/02/2012 La société 652040817 - SONIA RYKIEL CDM, 175 BD SAINT GERMAIN, 75006 PARIS 6 Fait l'objet du départ de Monsieur Jean-Philippe RYKIEL, De Madame Françoise FLIS, De Madame Sonia RYKIEL, De Madame Nathalie RYKIEL, 60 Rue des Saints-Pères, 75007, PARIS 07, De Madame Tatiana BURSTEIN, De Madame Françoise FLIS, De Monsieur Jean-Philippe RYKIEL, De Madame Sonia RYKIEL
26/04/2012	JAL	Appointment of the social representative
Gazette du palais (La) Date de décision : 17/02/2012 Société faisant l'objet d'une nomination : 652040817 - SONIA RYKIEL CDM, 175 BD SAINT GERMAIN, 75006 PARIS 6 Nominé : Madame Nathalie RYKIEL, 75007 PARIS 07 En la fonction de : Président du Conseil de Surveillance Nominé : Monsieur Giles HEFER, 75007 LONDRES En la fonction de : Président du Conseil de Surveillance Nominé : Monsieur Jean-Marc LOUBIER, 75001 PARIS 01 En la fonction de : Président Nominé : Madame Nathalie RYKIEL, 75007 PARIS 07 En la fonction de : Président Nominé : Monsieur Jean-Marc LOUBIER, 75001 PARIS 01 En la fonction de : Membre du Directoire Nominé : Madame Monica TSUI, MID-LEVELS En la fonction de : Membre du Conseil de Surveillance Nominé : Monsieur Giles HEFER, 75007 LONDRES En la fonction de : Membre du Conseil de Surveillance Nominé : Madame Nathalie RYKIEL, 75007 PARIS 07 En la fonction de : Membre du Conseil de Surveillance
18/10/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10808 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 BD SAINT GERMAIN 75006 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
18/10/2010	Bodacc C	Comptes annuels, consolidés et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10809 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 BD SAINT GERMAIN 75006 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
20/09/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11519 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
20/09/2009	Bodacc C	Comptes annuels, consolidés et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11520 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
23/01/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9701 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
23/01/2009	Bodacc C	Comptes consolidés et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9702 - 652040817 RCS. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Adresse : 175 boulevard Saint-Germain 75006 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
15/07/2008	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 696 - 652 040 817 RCS paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Administration : Président partant : Flis, nom d'usage : Dite Sonia Rykiel, Sonia, modification du Directeur général et Membre du Directoire Flis Dite Sonia Rykiel, Sonia, modification du Président et Président du Directoire Rykiel, Nathalie, Directeur général partant : Rykiel, Nathalie. Capital : 695849 EUR. Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Commentaires : modification survenue sur l'administration.
17/04/2008	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 910 - 652 040 817 RCS Paris. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Administration : modification du MEMBRE DU DIRECTOIRE RYKIEL, NATHALIE, modification du DIRECTEUR GENERAL RYKIEL, NATHALIE. Capital : 695849 EUR. Adresse du siège social : 175 BD SAINT GERMAIN, 75006 PARIS. Commentaires : Texte de la publication: RCS Paris B652040817. RC 65-B04081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : Société par actions simplifiée. Capital : 695 849 euros. Adresse du siège social : 175 BD SAINT GERMAIN 75006 PARIS. Commentaires : modification survenue sur l'administration. Administration : modification du MEMBRE DU DIRECTOIRE RYKIEL (NATHALIE), modification du DIRECTEUR GENERAL RYKIEL (NATHALIE).
28/12/2007	Bodacc C	Avis de dépôt des comptes
9105 - 652 040 817. RCS Paris SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: Société par actions simplifiée. Adresse du siège social: 175 boulevard Saint-Germain 75006 Paris. Comptes consolidés et rapport de l'exercice clos le: 31 décembre 2006.
28/12/2007	Bodacc C	Avis de dépôt des comptes
9106 - 652 040 817. RCS Paris SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: Société par actions simplifiée. Adresse du siège social: 175 boulevard Saint-Germain 75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
20/06/2007	Bodacc B	Modifications et mutations diverses
1163 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A.S. Capital : 695 849 euros. Adresse du siège social : 175 boulevard Saint-Germain,, 75006 Commentaires : modification survenue sur le capital (diminution).
18/02/2007	Bodacc C	Avis de dépôt des comptes
8429 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 175, boulevard Saint Germain,Paris, 75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
18/02/2007	Bodacc C	Avis de dépôt des comptes
8430 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 175, boulevard Saint Germain,Paris, 75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
04/02/2007	Bodacc B	Modifications et mutations diverses
1637 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A.S. Capital : 770 000 euros. Adresse du siège social : 175 boulevard Saint-Germain,, 75006 Commentaires : modification survenue sur le capital (augmentation) et l'administration. Administration : modification d'un commissaire aux comptes titulaire : HOCHE AUDIT.
29/11/2006	Bodacc A	Vente et cession
0268 - RCS B 652 040 817. RC 06-B 3675. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. Adresse du siège social : 175 boulevard Saint-Germain, 75006 Paris. Etablissement secondaire - Activité : achat, vente, distribution de tous articles de prêt-à-porter, de confection et d'accessoires de mode. Adresse : 21 rue Francis-Davso, 13001 Marseille. Etablissement secondaire acquis par achat au prix stipulé de 1 000 000 d'euros. Date de début d'activité : 25 octobre 2006. Précédent propriétaire : TOULOUSE TEXTILME MEX. RCS 410 303 622. Publication légale : Le Régional du 16 novembre 2006. Oppositions : Me Tatoni, 89 avenue du Prado, 13008 Marseille, pour la validité et la correspondance.
11/02/2006	Bodacc C	Avis de dépôt des comptes
5764 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 175, boulevard Saint Germain,Paris, 75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
11/02/2006	Bodacc C	Avis de dépôt des comptes
5765 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 175, boulevard Saint Germain,Paris, 75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
11/05/2005	Bodacc B	Modifications et mutations diverses
2756 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : nomination du président : FLIS (dite Sonia RYKIEL). Nomination d'un directeur général : RYKIEL-BURSTEIN (Nathalie).
17/03/2005	Bodacc C	Avis de dépôt des comptes
5086 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: société anonyme à directoire et conseil de surveillance. Adresse du siège social: 175, boulevard Saint Germain,75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
17/03/2005	Bodacc C	Avis de dépôt des comptes
5087 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme: société anonyme à directoire et conseil de surveillance. Adresse du siège social: 175, boulevard Saint Germain,75006 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
04/03/2005	Bodacc B	Modifications et mutations diverses
1255 - RCS Paris B 652 040 817. RC 65-B 4081. SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. à directoire et conseil de surveillance. Commentaires : modification survenue sur l'administration. Administration : modification du président du directoire : FLIS dite SONIA RIKIEL (Sonia). Membre du conseil de surveillance partant : STANLOWA, née FLIS (Janine). Nomination d'un membre du conseil de surveillance : BURSTEIN (Tatiana) (Nom d'usage : BURSTEIN-RYKIEL).
17/09/2000	Bodacc B	Modifications et mutations diverses
RCS Paris B 652040817 RC 65-B 4081 SONIA RYKIEL-CREATION ET DIFFUSION DE MODELES. Forme : S.A. à directoire et conseil de surveillance. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes titulaire partant : BOURGIGNAT (Jacques). Nomination du commissaire aux comptes titulaire : GRAMET NAHUM ET ASSOCIES S. A. Commissaires aux comptes suppléants partants : GRAMET (Jean, Pierre) LA FIDUCIAIRE DE L'ETOILE. Nomination des commissaires aux comptes suppléants : PAYEBIEN-CHAMPION (Florence) NAHUM ( William).
27/01/2000	Bodacc B	Modifications et mutations diverses
*. RCS Paris B 652 040 817 RC 65-B 4081 SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. à directoire et conseil de surveillance. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification : président du conseil de surveillance : RYKIEL (Jean-Philippe). Nomination en qualité de vice président et membre du conseil de surveillance : Mme ZONABEND, née FLIS (Françoise). Modification : président du directoire : FLIS (Sonia), dite Sonia Rykiel Modification : membre du directoire : RYKIEL-BURSTEIN ( Nathalie). Nomination en qualité de membre du conseil de surveillance : Mme STANLOWA, née FLIS (Janine).
02/06/1999	Bodacc A	Création d'établissement
RCS *. RCS Nice B 652 040 817 SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. Capital : 5 000 000 de F. Adresse du siège social : 175, boulevard Saint-Germain 75006 Paris Etablissement principal: Adresse : 3, rue de Paradis 06000 Nice Droit au bail acquis par cession au prix stipulé de 3 950 000 F. Date d'effet : 1er mars 1999. Précédent propriétaire : : JAMA Max. RCS RCS A 964 717 425 Publication légale: Petites Affiches du 18 mars 1999. Oppositions : Me Biron Alain, Groupe Fiduciaire Fortuny, 24, rue Fortuny, 75017 Paris et au fonds, 3, rue de Paradis, 06000 Nice.
13/08/1997	Bodacc A	Création d'établissement
RCS Paris B 652 040 817 SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. Capital : 5 000 000 de F. Adresse du siège social : 175 boulevard Saint- Germain, 75006 Paris Fonds principal acquis par achat au prix stipulé de 1 550 000 F Etablissement principal: Activité : pret-à-porter dames et accessoires similaires ou connexes. Adresse : 61 rue Président-Edouard- Herriot, 69002 Lyon. Date d'effet : 1er juillet 1997 Précédente propriétaire STENFIELD. RCS Lyon B 384 457 230 Publication légale: Le Tout Lyon- Moniteur judiciaire du 24 juin 1997. Oppositions : office notarial, 9 rue Grolée, 69002 Lyon de la S.C.P. Bremens Dominique, Bremens François et Prébois Martine, notaires associés.
07/06/1996	Bodacc A	Création d'établissement
RCS B 652 040 817 SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. Capital : 5 000 000 de F. Adresse du siège social : 175, boulevard Saint- Germain, 75006 Paris. Fonds acquis par achat au prix stipulé de 300 000 F Etablissement principal: Adresse : 175, boulevard Saint-Germain, 75006 Paris ETABLISSEMENT SECONDAIRE. Activité : pret- à-porter de luxe et accessoires s'y rapportant. Adresse : rue du Casino, 14800 Deauville. Date d'effet : 12 avril 1996 Précédente propriétaire- exploitante S.A.R.L. HAFE. RCS Honfleur B 341 686 137 RC 90-B 97 Publication légale: Le Pays d'Auge du 19 avril 1996. Oppositions : en l'office notarial, 102, avenue de la République, 14800 Deauville.
11/02/1995	Bodacc B	Modifications et mutations diverses
RCS Paris B 652 040 817 RC 65-B 4081 SONIA RYKIEL CREATION ET DIFFUSION DE MODELES. Forme : S.A. Administration : président du conseil d'administration : FLIS (Sonia). Directeur général et administrateur : RYKIEL (Nathalie). Administrateur : RYKIEL (Jean-Philippe). Commissaires aux comptes titulaires : INTECO BOURGIGNAT (Jacques). Commissaires aux comptes suppléants : GRAMET (Jean, Pierre) FIDUCIAIRE DE L' ETOILE. Commentaires : modification survenue sur l'administration.

Company events history

Date	Description
19/02/2014	Bodacc B: Various editing or changing
04/02/2014	New auditor
04/02/2014	Amendment
04/10/2013	New subsidiarie(s) detected
13/11/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
24/10/2012	Bodacc C : Deposit accounts notice
03/10/2012	Bodacc B: Various editing or changing
18/09/2012	Amendment
18/09/2012	New auditor
07/06/2012	Bodacc B: Various editing or changing
27/05/2012	Bodacc B: Various editing or changing
23/05/2012	New legal form – new category
23/05/2012	Changes to the Board of Directors
23/05/2012	Amendment
23/05/2012	New chairman (CEO, CoB)
23/05/2012	Updated articles of association
23/05/2012	Minutes of Board meeting
23/05/2012	Minutes of general meeting of shareholders
23/05/2012	Audit or Management Report
11/05/2012	Amendment
11/05/2012	Updated articles of association
11/05/2012	Minutes of general meeting of shareholders
11/05/2012	Appointment/resignation of company officers
11/05/2012	Changes to the Board of Directors
11/05/2012	New chairman (CEO, CoB)
11/05/2012	New manager
26/04/2012	Legal Gazette: Resignation / Revocation of the social representative
16/04/2012	Update of Company Legal Form
16/04/2012	Legal Gazette: Appointment of the social representative
16/04/2012	Modification to Company Identifier
02/03/2012	New ultimate parent
02/03/2012	New parent detected
17/02/2012	Legal Gazette: Appointment of the social representative
03/02/2012	New parent detected
31/12/2011	New accounts available
31/12/2011	New consolidated accounts available
07/09/2011	Bodacc C : Deposit accounts notice
11/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
04/08/2011	Updated articles of association
04/08/2011	Amendment
04/08/2011	Extension of term
04/08/2011	Minutes of general meeting of shareholders
20/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/07/2011	Minutes of general meeting of shareholders
18/07/2011	Amendment
31/12/2010	New accounts available
31/12/2010	New consolidated accounts available
18/10/2010	Bodacc C : Deposit accounts notice
15/03/2010	Preferential right lapsed
27/01/2010	Unfiling of a Social Security preferential right
27/01/2010	New Filling of Social Security preferential right
11/01/2010	New subsidiarie(s) detected
31/12/2009	New accounts available
31/12/2009	New consolidated accounts available
20/09/2009	Bodacc C : Deposit accounts notice
27/07/2009	Minutes of general meeting of shareholders
27/07/2009	Private document
27/07/2009	Amendment
23/07/2009	PV d'Assemblée
23/07/2009	Minutes of general meeting of shareholders
23/07/2009	Acte modificatif
23/01/2009	Bodacc C : Deposit accounts notice
31/12/2008	Update of Company Activity
31/12/2008	Modification of Company Activity
31/12/2008	New accounts available
31/12/2008	New consolidated accounts available
15/07/2008	Bodacc B: Various editing or changing
15/07/2008	New Bodacc B ads detected
20/06/2008	Requête et Ordonnance
20/06/2008	Application and court order
20/06/2008	Prorogation de durée
20/06/2008	Extension of term
17/04/2008	Bodacc B: Various editing or changing
31/12/2007	New consolidated accounts available
31/12/2007	New accounts available
13/12/2007	Collection of preferential rights activated for this company
11/12/2007	Changement de Président (PDG, PCA)
11/12/2007	PV d'Assemblée
11/12/2007	Nomination/démission des organes de gestion
11/12/2007	Acte modificatif
11/12/2007	Appointment/resignation of company officers
11/12/2007	Minutes of general meeting of shareholders
11/12/2007	Modification du Conseil d'Administration
11/12/2007	Private document
11/12/2007	New chairman (CEO, CoB)
11/12/2007	Changes to the Board of Directors
18/05/2007	Acte modificatif
18/05/2007	Statuts mis à jour
18/05/2007	Updated articles of association
18/05/2007	Private document
18/05/2007	PV d'Assemblée
18/05/2007	Minutes of general meeting of shareholders
18/05/2007	Capital reduction
18/05/2007	Réduction de Capital
12/04/2007	Other modification of Establishment
31/12/2006	New consolidated accounts available
31/12/2006	New accounts available
18/12/2006	Capital reduction
18/12/2006	Statuts mis à jour
18/12/2006	Capital increase
18/12/2006	Appointment/resignation of company officers
18/12/2006	Private document
18/12/2006	Minutes of general meeting of shareholders
18/12/2006	Reconstitution de l'Actif Net
18/12/2006	Updated articles of association
18/12/2006	PV d'Assemblée
15/12/2006	Acte modificatif
15/12/2006	PV d'Assemblée
31/12/2005	New accounts available
01/04/2005	Nomination/démission des organes de gestion
01/04/2005	Acte modificatif
01/04/2005	Private document
01/04/2005	Acte sous seing privé
01/04/2005	Modification du Conseil d'Administration
01/04/2005	Changement de Président (PDG, PCA)
01/04/2005	New legal form – no new category
01/04/2005	Changement de Forme Juridique sans changement de catégorie
01/04/2005	Statuts mis à jour
01/04/2005	Updated articles of association
01/04/2005	Changement de Forme Juridique avec changement de catégorie
01/04/2005	Appointment/resignation of company officers
01/04/2005	Minutes of general meeting of shareholders
01/04/2005	PV d'Assemblée
04/02/2005	Changes to the Board of Directors
04/02/2005	Modification du Conseil d'Administration
04/02/2005	Acte sous seing privé
04/02/2005	Private document
04/02/2005	Appointment/resignation of company officers
04/02/2005	Nomination/démission des organes de gestion
04/02/2005	Minutes of general meeting of shareholders
04/02/2005	PV d'Assemblée
02/02/2005	Acte sous seing privé
02/02/2005	Statuts mis à jour
02/02/2005	PV d'Assemblée
02/02/2005	Minutes of general meeting of shareholders
02/02/2005	Private document
02/02/2005	Updated articles of association
02/02/2005	Amendment
02/02/2005	Acte modificatif
31/12/2004	New accounts available
08/01/2004	Acte modificatif
08/01/2004	Acte sous seing privé
08/01/2004	PV d'Assemblée
31/12/2003	New accounts available
01/09/2000	Changement de Commissaire aux Comptes
01/09/2000	Acte sous seing privé
01/09/2000	PV d'Assemblée
01/09/2000	Nomination/démission des organes de gestion
12/01/2000	Modification du système d'administration des S.A.
12/01/2000	Statuts mis à jour
12/01/2000	Acte modificatif
12/01/2000	PV d'Assemblée
12/01/2000	Changement de Président (PDG, PCA)
12/01/2000	Acte sous seing privé
12/01/2000	Nomination/démission des organes de gestion
30/10/1997	Acte modificatif
30/10/1997	Fusion
30/10/1997	PV d'Assemblée
30/10/1997	Déclaration de conformité
30/10/1997	Acte sous seing privé
27/10/1997	Acte modificatif
27/10/1997	PV d'Assemblée
27/10/1997	Nomination/démission des organes de gestion
27/10/1997	Acte sous seing privé
22/09/1997	Acte sous seing privé
22/09/1997	Rapport des Commissaires ou du Gérant
30/06/1997	Acte sous seing privé
30/06/1997	Projet de Fusion
12/06/1997	Acte sous seing privé
12/06/1997	Requête et Ordonnance
26/09/1995	PV du Conseil d'Administration
26/09/1995	Nomination/démission des organes de gestion
26/09/1995	Modification du Conseil d'Administration
26/09/1995	Acte modificatif
26/09/1995	PV d'Assemblée
30/01/1995	PV d'Assemblée
30/01/1995	Acte modificatif
30/01/1995	Changement de Commissaire aux Comptes
06/10/1993	Acte modificatif
06/10/1993	Modification du Conseil d'Administration
06/10/1993	PV d'Assemblée
06/10/1993	Nomination/démission des organes de gestion

Establishment events history

Date	Description
22/02/2014	Update of phone numbers
05/09/2013	Update of phone numbers
13/01/2013	Update of phone numbers
16/04/2012	Modification of Head office
21/01/2010	Update of phone numbers
21/12/2009	Update of phone numbers
31/12/2008	Modification of Head office
22/02/2008	Update of phone numbers

directors

Name	M. LOUBIER JEAN-MARC
Manager position	Chairman of the Board	Date of birth	19/10/1955
Place of birth	ORAN(ALGERIE)
Type	Individual	Name at birth

Name	M. LANGON ERIC
Manager position	Managing director, Administrator	Date of birth	20/06/1970
Place of birth	DAKAR(SENEGAL)
Type	Individual	Name at birth

Name	Mme. RYKIEL NATHALIE
Manager position	Administrator	Date of birth	04/12/1955
Place of birth	BOULOGNE-BILLANCOURT (92100)
Type	Individual	Name at birth

Name	M. HEFER GILES
Manager position	Administrator	Date of birth	20/07/1956
Place of birth	JOHANNESBURG(AFRIQUE DU SUD)
Type	Individual	Name at birth

Name	Mme. TSUI MONICA
Manager position	Administrator	Date of birth	30/11/1960
Place of birth	HONG KONG(CHINE)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President of the management board	MME NATHALIE RYKIEL	- - -
Managing director	M ERIC LANGON	6/20/1970 - DAKAR(SENEGAL)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.01
UK Pound	1	Rs.102.00
Euro	1	Rs.81.25

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NNA

RATING EXPLANATIONS

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

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

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

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

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