MIRA INFORM REPORT

Report Date :

28.06.2014

IDENTIFICATION DETAILS

Name :	COMASEC
Registered Office :	5 All Des Bas Tilliers, 92230 Gennevilliers
Country :	France
Financials (as on) :	30.06.2013 31.12.2012 (Consolidated)
Date of Incorporation :	November 1958
Com. Reg. No.:	RCS Nanterre 0 582 111 571
Legal Form :	Simplified Joint Stock Company
Line of Business :	· Engaged in manufacturing and selling of Personal Protective Equipment such as Protective gloves for both industrial and Household Applications bearing the brand name “Comasec® “ & “Marigold Industrial®” · Engaged as provision of Sales Support in the field of Industrial Gloves. · Engaged in developing New Protective Glove Innovation and solutions · Subject offers a Suite of Tailor made Hand Protection Solutions in SAP ERP system Subject product line are as follows: · Chemical Protection · Cut Resistant Protection · Mechanical Protection · Single Use Protection · Specialised Protection · Thermal Protection
No of Employees :	95 (30.06.2013)

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	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
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	D

France ECONOMIC OVERVIEW

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

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

company summary

Trade name	“Comasec® “ & “Marigold Industrial®”
		EUR VAT Number	FR75582111571
Activity (APE)	· Engaged in manufacturing and selling of Personal Protective Equipment such as Protective gloves for both industrial and Household Applications bearing the brand name “Comasec® “ & “Marigold Industrial®” · Engaged as provision of Sales Support in the field of Industrial Gloves. · Engaged in developing New Protective Glove Innovation and solutions · Subject offers a Suite of Tailor made Hand Protection Solutions in SAP ERP system	Legal form	Simplified joint stock company
Phone	01 47 92 92 92	RCS Registration	RCS Nanterre 0 582 111 571
Fax	01 47 92 92 19	Share capital	1,000,000 Euros
Address	COMASEC 5 ALL DES BAS TILLIERS 92230 GENNEVILLIERS	Incorporated Date	11/1958
Nationality	France	Status	Economically active

	Trading to Date	06/30/2013	12/31/2011	12/31/2010
	Turnover	39,907,515 €	78,503,125 €	69,159,488 €
	Gross Operating Surplus	4.26 % Turnover	4.87 % Turnover	0.22 % Turnover
	Shareholders’ equity	13,162,766 €	14,478,859 €	11,670,148 €
	Net result	428,160 €	2,836,446 €	1,120,488 €
	Employees	95 (30.06.2013)	-	-
Company details

Activity (APE)	· Engaged in manufacturing and selling of Personal Protective Equipment such as Protective gloves for both industrial and Household Applications bearing the brand name “Comasec® “ & “Marigold Industrial®” · Engaged as provision of Sales Support in the field of Industrial Gloves. · Engaged in developing New Protective Glove Innovation and solutions · Subject offers a Suite of Tailor made Hand Protection Solutions in SAP ERP system
Product Details	· Chemical Protection · Cut Resistant Protection · Mechanical Protection · Single Use Protection · Specialised Protection Thermal Protection
RCS Registration	RCS Nanterre 0 582 111 571	Share capital	1,000,000 Euros
Registration Court	Nanterre (92)	Legal form	Simplified joint stock company
Court Registry Number	20 0 3B03745	EUR VAT Number	FR75582111571
Incorporation Date	11/1958	Formation Date	01/1974
Deregistration Date		Last account Date	30/06/2013
Nationality	France

Establishment details

Trade name	“Comasec® “ & “Marigold Industrial®”
Activity (APE)	· Engaged in manufacturing and selling of Personal Protective Equipment such as Protective gloves for both industrial and Household Applications bearing the brand name “Comasec® “ & “Marigold Industrial®” · Engaged as provision of Sales Support in the field of Industrial Gloves. · Engaged in developing New Protective Glove Innovation and solutions · Subject offers a Suite of Tailor made Hand Protection Solutions in SAP ERP system
Postal Address	COMASEC 5 ALL DES BAS TILLIERS 92230 GENNEVILLIERS	Trading Address	5 ALLÉE DES BAS TILLIERS 92230 GENNEVILLIERS
Telephone	01 47 92 92 92
Fax	01 47 92 92 19
Business Pages FT®	SECURITE DU TRAVAIL ET PREVENTION DES RISQUES PROFESSIONNELS

Type	Head office	Status	Economically active
Formation Date	07/2003	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Hauts-de-Seine (92)	Region	Ile-de-France
District	2	Area	86
City	GENNEVILLIERS	Size of urban area	Paris conglomeration

Other establishments

Branches	2 branch entities in this company
Head office	> COMASEC <<< - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in GENNEVILLIERS   (92230)
Secondary establishments	>  COMASEC - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in DREUX   (28100) >  COMASEC - Commerce de gros (commerce interentreprises) d'habillement et de chaussures (4642Z)  in DREUX   (28100) >  COMASEC - Fabrication d'autres vêtements et accessoires (182J)  in SAINT DENIS   (93200)

Rationality	Legal unit with multiple establishments in many areas having at least 50% of workforce in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

95 (30.06.2013)

Company workforce

95 (30.06.2013)

DIRECTORS/MANAGEMENT

Current Directors

1

directors

Name	M. DOBBELSTEIJN PETRUS J M F
Manager position	President	Date of birth	16/05/1964
Place of birth	SITTARD(PAYS-BAS)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M CLAUDE BEREND	- - -
Managing director	M EDDY CARTIER	- - -
Managing director	M EDDY CARTIER	3/19/1955 - ROMORANTIN
Managing director	M EDDY CARTIER	3/19/1955 - ROMORANTIN LANTHENAY
President	M PETRUS J M F DOBBELSTEIJN	5/16/1964 - SITTARD(PAYS-BAS)

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

1,000,000 Euros

PAYMENT INFORMATION

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

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company

Company Name

ANSELL HEALTHCARE EUROPE NV

FINANCIAL INFORMATION

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/06/2013	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	30/01/2014	10/08/2012	31/08/2011
Activity Code	4642Z	4642Z	4642Z
Employees	95	98	102

Active account

Annual Accounts	30/06/2013		31/12/2011		31/12/2010	Sector Median2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	20,947,023	64.2%	12,760,145	-12.6%	14,595,159	34,007.50	61495.3%
- Intangible assets	8,369,983	4865.0%	168,579	-3.2%	174,152	3,956.50	211450.2%
- Tangible assets	384,867	-29.2%	543,903	-38.0%	877,483	5,609.50	6761.0%
- Financial assets	12,192,173	1.2%	12,047,663	-11.0%	13,543,522	2,908	419163.2%
Net current assets	28,125,623	-31.4%	40,996,525	34.7%	30,424,601	211,465.50	13200.3%
- Stocks	13,605,798	-20.9%	17,209,428	34.6%	12,788,986	45,183.50	30012.3%
- Advanced payments	9,268	-31.4%	11,779	-61.8%	30,851	0	0%
- Receivables	13,292,887	-32.3%	19,648,282	16.3%	16,900,959	58,872	22479.3%
- Securities and cash	1,217,670	-70.5%	4,127,036	486.4%	703,802	40,269.50	2923.8%
- Prepaid expenses	-	-	-	-	-	431	-
Accounts of regularization	22,505	-89.6%	216,620	361.8%	46,904	0	0%
Total Assets	49,095,153	-9.0%	53,973,289	19.8%	45,066,666	290,565.50	16796.4%

Passive Account

Annual Accounts	30/06/2013		31/12/2011		31/12/2010	Sector Median2013
Shareholders' equity	13,162,766	-9.1%	14,478,859	24.1%	11,670,148	79,231	16513.2%
Share capital	1,000,000	0%	1,000,000	0%	1,000,000	10,000	9900%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	1,121,209	-1.8%	1,142,060	22.6%	931,817	0	0%
Liabilities	34,428,522	-9.2%	37,919,840	21.6%	31,195,631	173,557.50	19737.0%
- Financial liabilities	18,953,045	84.2%	10,286,647	81.4%	5,669,165	16,906	112008.4%
- Advanced payments received	0	0%	973,157	-19.3%	1,206,216	0	0%
- Trade account payables	8,330,656	-52.1%	17,409,014	-13.6%	20,148,942	47,729.50	17353.9%
- Tax and social liabilities	3,472,640	96.4%	1,768,512	7.9%	1,639,206	38,553	8907.4%
- Other debts and fixed assets liabilities	4,054,833	-48.8%	7,915,036	108.2%	3,801,167	9,129	44317.1%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	49,095,153	-9.0%	53,973,289	19.8%	45,066,666	290,564.50	16796.5%

Results

Annual Accounts	30/06/2013		31/12/2011		31/12/2010	Sector Median2013
Sales of Goods	44,945,503	-43.2%	79,087,784	12.8%	70,118,088	389,435	11441.2%
Net turnover	39,907,515	-49.2%	78,503,125	13.5%	69,159,488	377,744	10464.7%
- of which net export turnover	28,796,274	-49.9%	57,528,857	15.7%	49,725,486	0	0%
Operating charges	40,348,152	-47.4%	76,770,067	10.0%	69,796,837	383,252	10427.8%
Operating profit/loss	4,597,351	98.4%	2,317,717	621.5%	321,251	9,163	50073.0%
Financial income	2,799,942	-5.9%	2,976,073	19.4%	2,492,164	16	17499537.5%
Financial charges	6,192,767	134.2%	2,644,230	62.6%	1,626,250	752	823406.2%
Financial profit/loss	-3,392,825	-1122.4%	331,843	-61.7%	865,914	-69	-4917037.7%
Pretax net operating income	1,204,526	-54.5%	2,649,560	123.2%	1,187,165	6,953	17223.8%
Extraordinary income	107,150	-86.3%	779,295	151.2%	310,176	01	10714900%
Extraordinary charges	99,070	-83.3%	592,407	57.2%	376,852	161.50	61243.7%
Extraordinary profit/loss	8,080	-95.7%	186,888	380.3%	-66,676	0	0%
Net result	428,160	-84.9%	2,836,446	153.1%	1,120,488	7,555.50	5566.9%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/06/2013	31/12/2011	31/12/2010
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			30/06/2013		31/12/2011		31/12/2010
	Grand Total (I to VI)	Net	49,095,153	-9.0%	53,973,289	19.8%	45,066,666
	Gross	CO	62,221,920	0.1%	62,159,438	16.7%	53,270,861
	Amortisation	1A	13,126,767	60.4%	8,186,149	-0.2%	8,204,195

Non declared distributed capital (I)

		30/06/2013		31/12/2011		31/12/2010
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			30/06/2013		31/12/2011		31/12/2010
	Total Active fixed asset (II)	Net	20,947,023	64.2%	12,760,145	-12.6%	14,595,159
	Gross	BJ	31,809,761	72.0%	18,494,305	-14.9%	21,739,007
	Amortisation	BK	10,862,738	89.4%	5,734,160	-19.7%	7,143,848

Intangible fixed assets

			30/06/2013		31/12/2011		31/12/2010
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	0	0%	0
	Gross	AF	1,690	0%	1,690	0%	1,690
	Amortisation	AG	1,690	0%	1,690	0%	1,690
	Goodwill	Net	7,839,862	0%	0	0%	0
	Gross	AH	7,839,862	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	530,121	214.5%	168,579	-3.2%	174,152
	Gross	AJ	944,990	95.8%	482,515	3.0%	468,580
	Amortisation	AK	414,869	32.2%	313,936	6.6%	294,428
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	8,369,983	4865.0%	168,579	-3.2%	174,152

Tangible fixed assets

			30/06/2013		31/12/2011		31/12/2010
	Lands	Net	0	0%	0	0%	481,830
	Gross	AN	0	0%	0	0%	481,830
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	169,464
	Gross	AP	0	0%	0	0%	3,357,408
	Amortisation	AQ	0	0%	0	0%	3,187,944
	Plant	Net	20,787	30.0%	15,991	492.3%	2,700
	Gross	AR	192,768	7.6%	179,073	-40.9%	302,914
	Amortisation	AS	171,981	5.5%	163,082	-45.7%	300,213
	Other tangible fixed assets	Net	364,080	-25.4%	487,923	462.3%	86,770
	Gross	AT	1,647,188	-5.3%	1,739,417	85.3%	938,895
	Amortisation	AU	1,283,108	2.5%	1,251,494	46.9%	852,124
	Fixed assets in construction	Net	0	0%	39,989	-70.8%	136,719
	Gross	AV	0	0%	39,989	-70.8%	136,719
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	384,867		543,903		877,483

Financial assets

			30/06/2013		31/12/2011		31/12/2010
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	10,435,655	-0.2%	10,453,153	15.4%	9,056,253
	Gross	CU	17,270,947	49.4%	11,563,702	0%	11,563,702
	Amortisation	CV	6,835,292	515.5%	1,110,549	-55.7%	2,507,449
	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	1,688,640	13.2%	1,492,032	-66.0%	4,385,441
	Gross	BF	3,844,438	-25.5%	4,385,441	0%	4,385,441
	Amortisation	BG	2,155,798		2,893,409		0
	Other financial assets	Net	67,878	-33.8%	102,478	0.6%	101,828
	Gross	BH	67,878	-33.8%	102,478	0.6%	101,828
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		12,192,173		12,047,663		13,543,522

Current Assets (III)

			30/06/2013		31/12/2011		31/12/2010
	Total Assets	Net	28,125,623	-31.4%	40,996,525	34.7%	30,424,601
	Gross	CJ	30,389,649	-30.1%	43,448,511	38.0%	31,484,946
	Amortisation	CK	2,264,026	-7.7%	2,451,986	131.2%	1,060,345

Stocks

			30/06/2013		31/12/2011		31/12/2010
	Raw materials	Net	249,551	260.2%	69,274	12.0%	61,870
	Gross	BL	275,594	182.2%	97,644	7.6%	90,729
	Amortisation	BM	26,043	-8.2%	28,370	-1.7%	28,859
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	48
	Gross	BR	1,956	-88.5%	17,037	-61.3%	44,013
	Amortisation	BS	1,956	-88.5%	17,037	-61.2%	43,965
	Goods for resale	Net	13,356,247	-22.1%	17,140,154	34.7%	12,727,068
	Gross	BT	15,126,777	-17.0%	18,222,854	35.0%	13,501,903
	Amortisation	BU	1,770,530	63.5%	1,082,700	39.7%	774,835
	Sub Total Stocks	Net	13,605,798	-20.9%	17,209,428	34.6%	12,788,986

Advance payments to suppliers

			30/06/2013		31/12/2011		31/12/2010
	Advance payments to suppliers	Net	9,268	-21.3%	11,779	-61.8%	30,851
	Gross	BV	9,268	-21.3%	11,779	-61.8%	30,851
	Amortisation	BW	0	0%	0	0%	0

Debtors

			30/06/2013		31/12/2011		31/12/2010
	Trade accounts receivable	Net	12,121,074	-20.8%	15,301,629	-1.8%	15,583,016
	Gross	BX	12,586,571	-24.3%	16,625,508	5.3%	15,795,702
	Amortisation	BY	465,497	-64.8%	1,323,879	522.5%	212,686
	Other debtors	Net	972,953	-77.2%	4,275,031	254.8%	1,204,951
	Gross	BZ	972,953	-77.2%	4,275,031	254.8%	1,204,951
	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	13,094,027	-33.1%	19,576,660	16.6%	16,787,967

Divers

			30/06/2013		31/12/2011		31/12/2010
	Investment securities	Net	0	0%	3,000,000	0%	0
	Gross	CD	0	0%	3,000,000	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	1,217,670	8.0%	1,127,036	60.1%	703,802
	Gross	CF	1,217,670	8.0%	1,127,036	60.1%	703,802
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	1,217,670	-70.5%	4,127,036	486.4%	703,802

Prepaid expenses

			30/06/2013		31/12/2011		31/12/2010
	Prepaid expenses	Net	198,860	177.7%	71,622	-36.6%	112,992
	Gross	CH	198,860	177.7%	71,622	-36.6%	112,992
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/06/2013		31/12/2011		31/12/2010
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	22,505	-89.6%	216,620	361.8%	46,904
Gross		22,505	-89.6%	216,620	361.8%	46,904

References

		30/06/2013		31/12/2011		31/12/2010
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		30/06/2013		31/12/2011		31/12/2010
Grand Total (I to V)	EE	49,095,153	-9.0%	53,973,289	19.8%	45,066,666

Shareholder Equity (I)

			30/06/2013		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	13,162,766	-9.1%	14,478,859	24.1%	11,670,148
	Equity and shareholders' equity	DA	1,000,000	0%	1,000,000	0%	1,000,000
	Issue and merger premiums	DB	674,459	0%	674,459	0%	674,459
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	100,000	0%	100,000	0%	100,000
	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	8,382,340	0%	8,382,340	0%	8,382,340
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	2,567,490	75.0%	1,467,100	323.3%	346,611
	Profit or loss for the period	DI	428,160	-84.9%	2,836,446	153.1%	1,120,488
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	10,317	-44.3%	18,514	-60.0%	46,250

Other capital resources (II)

			30/06/2013		31/12/2011		31/12/2010
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			30/06/2013		31/12/2011		31/12/2010
	Total provisions for risks and charges (Total III)	DR	1,121,209	-1.8%	1,142,060	22.6%	931,817
	Risk provisions	DP	1,121,209	-1.8%	1,142,060	22.6%	931,817
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			30/06/2013		31/12/2011		31/12/2010
	Total Liabilities (Total IV)	EC	34,428,522	-9.2%	37,919,840	21.6%	31,195,631
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	5,208,600
	Bank loans and liabilities	DU	10,000,092	0.0%	10,000,000	0%	0
	Sundry loans and financial liabilities	DV	8,952,953	3023.3%	286,647	-37.8%	460,565
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	973,157	-19.3%	1,206,216
	Trade accounts payables	DX	8,330,656	-52.1%	17,409,014	-13.6%	20,148,942
	Tax and social security liabilities	DY	3,472,640	96.4%	1,768,512	7.9%	1,639,206
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	3,672,181	-50.9%	7,482,510	195.5%	2,532,099

Translation loss (V)

		30/06/2013		31/12/2011		31/12/2010
Translation loss (Total V)	ED	382,652	-11.5%	432,526	-65.9%	1,269,068

Equalization accounts

		30/06/2013		31/12/2011		31/12/2010
Deferred income	EB	0	0%	0	0%	0

References

		30/06/2013		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	29,858,269	-4.3%	31,195,631
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)

		30/06/2013		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	4,597,351	98.4%	2,317,717	621.5%	321,251

2 -Financial result(V - VI)

		30/06/2013		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-3,392,825	-1122.4%	331,843	-61.7%	865,914

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

		30/06/2013		31/12/2011		31/12/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	1,204,526	-54.5%	2,649,560	123.2%	1,187,165

4 -Extraordinary result(VII-VIII)

		30/06/2013		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	8,080	-95.7%	186,888	380.3%	-66,676

Profit or loss

		30/06/2013		31/12/2011		31/12/2010
Profit or loss	HN	428,160	-84.9%	2,836,446	153.1%	1,120,488

Total Income (I+III+V+VII)

		30/06/2013		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	47,852,595	-42.2%	82,843,152	13.6%	72,920,429

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

		30/06/2013		31/12/2011		31/12/2010
Total charges (Total II+IV+VI+VIII+IX+X)	HM	47,424,433	-40.7%	80,006,704	11.4%	71,799,941

Operating income(I)

		30/06/2013		31/12/2011		31/12/2010
Total operating income (Total I)	FR	44,945,503	-43.2%	79,087,784	12.8%	70,118,088

Operating income (details)

			30/06/2013		31/12/2011		31/12/2010
	Sale of goods for resale	FC	37,214,389	-50.0%	74,358,317	13.0%	65,781,581
	France	FA	11,021,143	-46.7%	20,678,826	7.5%	19,230,851
	Export	FB	26,193,246	-51.2%	53,679,491	15.3%	46,550,730
	Sale of goods produced	FF	0	0%	1,918	1178.7%	150
	France	FD	0	0%	0	0%	0
	Export	FE	0	0%	1,918	1178.7%	150
	Sale of services	FI	2,693,126	-35.0%	4,142,890	22.7%	3,377,755
	France	FG	90,098	-69.5%	295,442	45.4%	203,149
	Export	FH	2,603,028	-32.3%	3,847,448	21.2%	3,174,606
	Net turnover	FL	39,907,515	-49.2%	78,503,125	13.5%	69,159,488
	France	FJ	11,111,241	-47.0%	20,974,268	7.9%	19,434,000
	Export	FK	28,796,274	-49.9%	57,528,857	15.7%	49,725,486
	Stocked production	FM	-459	98.3%	-26,976	92.1%	-339,357
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	5,038,447	723.8%	611,635	-52.9%	1,297,957
	Other income	FQ	0	0%	0	0%	0

Operating charges(II)

		30/06/2013		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	40,348,152	-47.4%	76,770,067	10.0%	69,796,837

Exploitation charges

		30/06/2013		31/12/2011		31/12/2010
Purchase of goods for resale	FS	26,209,728	-57.1%	61,107,989	6.4%	57,451,731
Change in stocks of goods for resale	FT	547,259	113.7%	-3,988,700	18.3%	-4,884,701
Purchase of raw materials	FU	763,033	-2.7%	784,485	-24.5%	1,038,677
Change in stocks of raw materials	FV	967,687	14094.0%	-6,915	-157.2%	12,090
Other external purchases and charges	FW	4,910,043	-48.3%	9,493,181	12.9%	8,404,915
Tax, duty and similar payments	FX	304,181	-62.9%	820,182	19.2%	688,265
Payroll	FY	3,110,818	-29.8%	4,429,450	6.5%	4,158,325
Social security costs	FZ	1,394,778	-30.7%	2,011,905	12.0%	1,796,744

Depreciation

		30/06/2013		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	117,728	-8.9%	129,280	-65.2%	371,383
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	1,832,617	-3.5%	1,899,008	174.3%	692,429
Provisions for risks and charges	GD	189,831	135.6%	80,573	23.6%	65,214

Other charges

		30/06/2013		31/12/2011		31/12/2010
Other charges	GE	449	-95.3%	9,629	445.6%	1,765

Operating charges (III-IV)

		30/06/2013		31/12/2011		31/12/2010
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income(V)

			30/06/2013		31/12/2011		31/12/2010
	Total financial income (Total V)	GP	2,799,942	-5.9%	2,976,073	19.4%	2,492,164
	Share financial income	GJ	586,510	-49.9%	1,171,727	5.6%	1,109,995
	Other investment income & capitalised receivables	GK	112,381	-58.7%	272,423	4.3%	261,216
	Other interest and similar income	GL	130	-98.9%	11,766	-97.3%	439,751
	Released provisions and transferred charges	GM	1,897,084	3944.6%	46,904	331.9%	10,861
	Exchange gains	GN	203,837	-86.2%	1,473,253	119.8%	670,340
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			30/06/2013		31/12/2011		31/12/2010
	Total financial charge (Total VI)	GU	6,192,767	134.2%	2,644,230	62.6%	1,626,250
	Financial reserves and provisions	GQ	5,747,249	235.5%	1,713,130	593.8%	246,904
	Interest and similar charges	GR	245,193	-37.0%	389,294	-36.5%	612,816
	Exchange losses	GS	200,325	-63.0%	541,806	-29.3%	766,529
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			30/06/2013		31/12/2011		31/12/2010
	Total extraordinary income (Total VII)	HD	107,150	-86.3%	779,295	151.2%	310,176
	Extraordinary operating income	HA	8,970	164.5%	3,391	-98.3%	199,915
	Extraordinary income from capital transactions	HB	0	0%	661,939	13168.0%	4,989
	Released provisions and transferred charges	HC	98,180	-13.9%	113,965	8.3%	105,271

Extraordinary charges(VIII)

			30/06/2013		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	99,070	-83.3%	592,407	57.2%	376,852
	Extraordinary operating charges	HE	97,947	5252.3%	1,830	-94.8%	34,962
	Extraordinary charges from capital transactions	HF	572	-99.9%	509,969	55634.3%	915
	Extraordinary reserves and provisions	HG	551	-99.3%	80,608	-76.4%	340,975

Employee profit sharing(IX)

		30/06/2013		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	86,423	0%	0	0%	0

Tax on profits(X)

		30/06/2013		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	698,021	0%	0	0%	0

References

		30/06/2013		31/12/2011		31/12/2010
Of which equipment leases	HP	0	0%	20,637	-25.6%	27,751
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	69,844	29.0%	54,158
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)

			30/06/2013		31/12/2011		31/12/2010
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	649,067	0%	0
	Decreasess by transfers	OK2	1,039,454	-70.7%	3,547,914	71.6%	2,067,503
	Gross value at the end of period	OL	31,809,762	72.0%	18,494,309	-14.9%	21,739,011

Research and development Charge (Total I)

			30/06/2013		31/12/2011		31/12/2010
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets(Total II)

			30/06/2013		31/12/2011		31/12/2010
	Gross value at begin of period	KD	8,204,298	1644.6%	470,270	-12.3%	536,435
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	582,245	4078.3%	13,935	-50.8%	28,335
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	94,500
	Gross value at the end of period	LW	8,786,543	1714.6%	484,205	3.0%	470,270

Tangible fixed assets (Total III)

			30/06/2013		31/12/2011		31/12/2010
	Gross value at begin of period	LN	1,822,000	-65.1%	5,217,765	0.9%	5,172,081
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	25,927	-97.2%	935,227	482.5%	160,560
	Decreasess by budget item transfer	NG1	0	0%	649,066	0%	0
	Decreasess by transfers	NG2	7,974	-99.8%	3,545,446	2986.3%	114,876
	Gross value at the end of period	NH	1,839,953	-6.1%	1,958,480	-62.5%	5,217,765

Fiancial assets (Total IV)

			30/06/2013		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	16,489,668	2.7%	16,050,971	-9.9%	17,814,813
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	5,725,074	183572.6%	3,117	-96.7%	94,284
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	1,031,480	41728.1%	2,466	-99.9%	1,858,126
	Gross value at the end of period	NK	21,183,262	32.0%	16,051,622	0.0%	16,050,971

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

			30/06/2013		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			30/06/2013		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			30/06/2013		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	PE	360,758	21.8%	296,118	-21.7%	378,190
Increases		PF	55,800	186.0%	19,508	57.0%	12,428
Decreasess		PG	0	0%	0	0%	94,500
	Decreasess by budget item transfer	PH	416,558	32.0%	315,626	6.6%	296,118

Total fixed assets amotisation(Total III)

			30/06/2013		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	1,400,563	-67.7%	4,340,280	6.0%	4,095,287
Increases		QV	61,926	-43.6%	109,772	-69.4%	358,954
Decreases		QW	7,401	-99.8%	3,035,477	2563.6%	113,961
	Decreasess by budget item transfer	QX	1,455,088	2.9%	1,414,575	-67.4%	4,340,282

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			30/06/2013		31/12/2011		31/12/2010
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			30/06/2013		31/12/2011		31/12/2010
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			30/06/2013		31/12/2011		31/12/2010
	Value at begining of period	7C	11,617,555	155.6%	4,545,862	-13.5%	5,256,668
Increases		UB	7,770,249	105.9%	3,773,319	178.5%	1,354,726
Decreases		UC	7,001,162	896.4%	702,661	-66.0%	2,065,532
	Value at the end of period	UD	12,386,642	62.6%	7,616,520	67.5%	4,545,862

Includes Total allocations

Operating	UE	0	0%	1,979,581	161.3%	757,643
Financial	UG	0	0%	1,713,130	593.8%	246,904
Exceptional	UJ	0	0%	80,608	-76.4%	340,975

Includes Total Withdrawal

Operating	UF	0	0%	541,791	-56.4%	1,243,798
Financial	UH	0	0%	46,904	331.9%	10,861
Exceptional	UK	0	0%	113,965	8.3%	105,271

Total regulated provisions (Total I)

			30/06/2013		31/12/2011		31/12/2010
	Value at begining of period	3Z	12,634	-72.7%	46,250	-67.3%	141,345
Increases		TS	551	-84.3%	3,500	-65.6%	10,175
Decreases		TT	2,868	-90.8%	31,235	-70.3%	105,271
	Value at the end of period	TU	10,317	-44.3%	18,515	-60.0%	46,249

Total risk and charge provisions (Total II)

			30/06/2013		31/12/2011		31/12/2010
	Value at begining of period	5Z	2,186,662	134.7%	931,817	71.1%	544,760
Increases		TV	212,336	-43.3%	374,301	-15.5%	442,918
Decreases		TW	1,277,791	678.9%	164,059	193.7%	55,861
	Value at the end of period	TX	1,121,207	-1.8%	1,142,059	22.6%	931,817

Total Provision for depreciation (Total III)

			30/06/2013		31/12/2011		31/12/2010
	Value at begining of period	7B	9,418,257	164.0%	3,567,793	-21.9%	4,570,560
Increases		TY	7,557,360	122.6%	3,395,516	276.6%	901,631
Decreases		TZ	5,720,501	1027.5%	507,365	-73.4%	1,904,398
	Value at the end of period	UA	11,255,116	74.3%	6,455,944	81.0%	3,567,793

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

		30/06/2013		31/12/2011		31/12/2010
Gross value	VT	17,679,970	-30.6%	25,471,862	17.8%	21,631,767
1 year at most	VU	13,875,654	-33.9%	20,983,942	22.4%	17,139,229
More than one year	VV	3,804,316	-15.2%	4,487,920	-0.1%	4,492,538

State of loans

		30/06/2013		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	3,844,438	-12.3%	4,385,441	0%	4,385,441
Loans (1 year at most)	UR	108,000	0%	0	0%	0
Other financial assets (gross)	UT	67,878	-33.8%	102,478	0.6%	101,828
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		30/06/2013		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	260,205	9.0%	238,787	2.7%	232,610
Other claims customer	UX	12,326,366	-24.8%	16,386,720	5.3%	15,563,091
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	7,407	65.5%	4,475	4.2%	4,294
Social Security and other social organizations	UZ	68,598	-45.4%	125,702	2.7%	122,402
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	894,949	121.5%	404,052	-6.5%	432,210
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	86,451	0%	86,451
Group and Associates	VC	0	0%	160,500	-24.2%	211,848
Accounts receivable (including claims relating to the operation of pension titles)	VR	11,266	-99.7%	3,505,629	826.0%	378,595

Prepaid

		30/06/2013		31/12/2011		31/12/2010
Prepaid	VS	198,860	177.7%	71,622	-36.6%	112,992

State Debt

			30/06/2013		31/12/2011		31/12/2010
	Total debt (gross)	VY	34,428,525	-9.2%	37,919,841	21.6%	31,195,631
1 year at most		VZ2	24,428,525	-18.2%	29,858,269	-4.3%	31,195,631
More than 1 year and 5 years at most		VZ3	10,000,000	24.0%	8,061,572	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			30/06/2013		31/12/2011		31/12/2010
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	5,208,600
1 year at most		7Z2	0	0%	0	0%	5,208,600
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	92	0%	0	0%	0
1 year at most		VG2	92	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	10,000,000	0%	10,000,000	0%	0
1 year at most		VH2	0	0%	1,938,428	0%	0
More than 1 year and 5 years at most		VH3	10,000,000	24.0%	8,061,572	0%	0
	Loans and various financial liabilities (gross)	8A1	8,952,953	9537.5%	92,897	-73.4%	349,184
1 year at most		8A2	8,952,953	9537.5%	92,897	-73.4%	349,184
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	8,330,656	-52.1%	17,409,014	-13.6%	20,148,942
1 year at most		8B2	8,330,656	-52.1%	17,409,014	-13.6%	20,148,942
More than 1 year and 5 years at most		8B3	8,330,656	-52.1%	17,409,014	-13.6%	20,148,942
	Personnel and associated accounts (gross)	8C1	1,309,836	101.5%	649,902	11.8%	581,399
1 year at most		8C2	1,309,836	101.5%	649,902	11.8%	581,399
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	1,151,099	51.7%	759,041	9.0%	696,365
1 year at most		8D2	1,151,099	51.7%	759,041	9.0%	696,365
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	698,021	0%	0	0%	0
1 year at most		8E2	698,021	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	241,812	64.2%	147,235	-28.1%	204,798
1 year at most		VW2	241,812	64.2%	147,235	-28.1%	204,798
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	71,872	-66.2%	212,332	35.6%	156,642
1 year at most		VQ2	71,872	-66.2%	212,332	35.6%	156,642
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	193,750	74.0%	111,381
1 year at most		VI2	0	0%	193,750	74.0%	111,381
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	3,672,181	-56.6%	8,455,667	126.2%	3,738,316
1 year at most		8K2	3,672,181	-56.6%	8,455,667	126.2%	3,738,316
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		30/06/2013		31/12/2011		31/12/2010
Loans made during the period	VJ	0	0%	10,000,000	1850.8%	512,612
Debt repaid during the period	VK	0	0%	29,547,244	751.5%	3,469,923

Table allocation results and other information
Dividends distributed

		30/06/2013		31/12/2011		31/12/2010
Dividends	ZE	0	0%	0	0%	0

Commitments

		30/06/2013		31/12/2011		31/12/2010
Commitments leasing furniture	YQ	0	0%	0	0%	23,883
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

		30/06/2013		31/12/2011		31/12/2010
Subcontracting	YT	0	0%	60,518	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	2,329,576	0%	0
Staff outside the company	YU	0	0%	108,319	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	662,598	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	6,332,168	0%	0
Total Other purchases and external	ZJ	0	0%	9,493,179	0%	0

Taxes and Fees

		30/06/2013		31/12/2011		31/12/2010
Business tax	YW	0	0%	339,125	0%	0
Other taxes and payments assimilated	9Z	0	0%	481,057	0%	0
Total taxes and fees	YX	0	0%	820,182	0%	0

VAT

		30/06/2013		31/12/2011		31/12/2010
Amount VAT collected	YY	0	0%	6,257,388	0%	0
Total VAT on goods and services	YZ	0	0%	3,686,818	0%	0

Average number of employees

		30/06/2013		31/12/2011		31/12/2010
Average number of employees	YP	95	-3.1%	98	-3.9%	102

Groups and Shareholders

		30/06/2013		31/12/2011		31/12/2010
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		30/06/2013		31/12/2011		31/12/2010	Sector Median2013
Fixed Asset Financing		1.39	-18.7%	1.71	46.2%	1.17	2.35	-40.9%
Global Debt		311days	78.7%	174days	7.4%	162days	138days	125.4%
Working Capital Fund overall net		111days	85.0%	60days	215.8%	19days	67.50days	64.4%
Financial independence		131.63%	-9.1%	144.79%	-35.4%	224.06%	333.80%	-60.6%
More ratios
Solvability		26.81%	-0.1%	26.83%	3.6%	25.90%	31.56%	-15.1%
Capacity debt futures		14307354.35%	1915362.3%	746.94%	-	%	1475.57%	969515.4%
Coverage of current assets by net working capital overall		40.71%	43.6%	28.35%	141.9%	11.72%	40.61%	0.2%
General Liquidity		0.57	-18.6%	0.70	27.3%	0.55	0.45	26.7%
Restricted Liquidity		0.62	-26.2%	0.84	47.4%	0.57	0.83	-25.3%

Management or rotation

		30/06/2013		31/12/2011		31/12/2010	Sector Median2013
Need background in operating working capital		101days	140.5%	42days	100%	21days	21days	381.0%
Treasury		11days	-42.1%	19days	375.0%	4days	9days	22.2%
Inventory turnover of goods		204days	77.4%	115days	25.0%	92days	97.50days	109.2%
Average length of credit granted to customers		114days	60.6%	71days	-13.4%	82days	36days	216.7%
Average length of credit obtained suppliers		90days	2.3%	88days	-24.8%	117days	59days	52.5%
More ratios
Inventory turnover of raw materials in industrial enterprises		4days	300%	1days	0%	1days	0days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	4008days	202.5%	1325days	1670days	-
Rotation tangible assets		2168.94%	-45.9%	4008.37%	202.4%	1325.46%	1806.45%	20.1%

Profitability of the business

		30/06/2013		31/12/2011		31/12/2010	Sector Median2013
Margin trading		26.20%	19.3%	21.96%	14.9%	19.11	34.22%	-23.4%
Profitability of the business		4.26	-12.5%	4.87	2113.6%	0.22	3.16%	34.8%
Net profit		1.07%	-70.4%	3.61%	122.8%	1.62%	1.64%	-34.8%
More ratios
Growth rate of turnover (excluding VAT)		0%	0%	13.51%	-47.4%	25.70%	0%	0%
Rates integration		16.31%	15.5%	14.12%	43.6%	9.83%	19.31%	-15.5%
Rate leasing furniture		0%	0%	0.03%	-25.0%	0.04%	0%	0%
Work Factor		69.22%	19.1%	58.10%	-33.7%	87.61%	69.22%	0%
Weight interests		15.52	360.5%	3.37%	43.4%	2.35%	0.24%	6366.7%

Return on capital

		30/06/2013		31/12/2011		31/12/2010	Sector Median2013
Cash flow from the overall profitability		15.77%	217.3%	4.97%	382.5%	1.03%	2.77%	469.3%
Rates of economic profitability		5%	-66.7%	15%	1400%	1%	12%	-58.3%
Financial profitability		13162766%	-9.1%	14478859%	24.1%	11670148%	40416.50%	32467.8%
Return on investment		20.62%	-6.8%	22.13%	39.7%	15.84%	8.78%	134.9%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/06/2013		31/12/2011		31/12/2010	Sector Median2013
Turnover	39,907,515	-49.2%	78,503,125	13.5%	69,159,488	377,744 €	10464.7%

Sales of goods	37,214,389	-50.0%	74,358,317	13.0%	65,781,581
- Purchase of goods	26,209,728	-57.1%	61,107,989	6.4%	57,451,731
+/- Stock of goods variation	547,259	113.7%	-3,988,700	18.3%	-4,884,701
Trading margin	10,457,402 €	-39.3%	17,239,028 €	30.5%	13,214,551 €	117,278.50 €	8816.7%
	26.20 % CA	19.3%	21.96 % CA	14.9%	19.11 % CA	35.13 % CA	-25.4%

Sale of goods produced	2,693,126	-35.0%	4,144,808	22.7%	3,377,905
+/- Stocked production	-459	98.3%	-26,976	92.1%	-339,357
+ Self-constructed assets	0	0%	0	0%	0
Period production	2,692,667 €	-34.6%	4,117,832 €	35.5%	3,038,548 €	4,131 €	65082.0%
	6.75 % CA	28.6%	5.25 % CA	19.6%	4.39 % CA	1.65 % CA	309.1%

Trading margin	10,457,402	-39.3%	17,239,028	30.5%	13,214,551	117,278.50	8816.7%
+ Period Production	2,692,667	-34.6%	4,117,832	35.5%	3,038,548	4,131	65082.0%
- Purchase of raw materials	763,033	-2.7%	784,485	-24.5%	1,038,677
+/- Change in stocks of raw materiels	967,687	14094.0%	-6,915	-157.2%	12,090
- Other external purchases and charges	4,910,043	-48.3%	9,493,181	12.9%	8,404,915
Added value	6,509,306 €	-41.3%	11,086,109 €	63.1%	6,797,417 €	91,452.50 €	7017.7%
	16.31 % CA	15.5%	14.12 % CA	43.6%	9.83 % CA	19.31 % CA	-15.5%

Added value	6,509,306 €	-41.3%	11,086,109 €	63.1%	6,797,417 €	91,452.50 €	7017.7%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	304,181	-62.9%	820,182	19.2%	688,265
- Personal charges	4,505,596	-30.1%	6,441,355	8.2%	5,955,069
Gross operating surplus	1,699,529 €	-55.6%	3,824,572 €	2382.2%	154,083 €	12,634 €	13352.0%
	4.26 % CA	-12.5%	4.87 % CA	2113.6%	0.22 % CA	3.16 % CA	34.8%

Gross operating surplus	1,699,529 €	-55.6%	3,824,572 €	2382.2%	154,083 €	12,634 €	13352.0%
+ Release of reserves and provisions	5,038,447	723.8%	611,635	-52.9%	1,297,957
+ Other operating income	0	0%	0	0%	0
- Depreciation/Amortisation	2,140,176	1.5%	2,108,861	86.8%	1,129,026
- Other charges	449	-95.3%	9,629	445.6%	1,765
Operating result	4,597,351 €	98.4%	2,317,717 €	621.5%	321,249 €	9,163 €	50073.0%
	11.52 % CA	290.5%	2.95 % CA	541.3%	0.46 % CA	2.22 % CA	418.9%

Operating result	4,597,351 €	98.4%	2,317,717 €	621.5%	321,249 €	9,163 €	50073.0%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	2,799,942	-5.9%	2,976,073	19.4%	2,492,164
- Financial charges	6,192,767	134.2%	2,644,230	62.6%	1,626,250
Pre-tax result	1,204,526 €	-54.5%	2,649,560 €	123.2%	1,187,163 €	6,953 €	17223.8%
	3.02 % CA	-10.7%	3.38 % CA	96.5%	1.72 % CA	1.85 % CA	63.2%

Extraordinary income	107,150	-86.3%	779,295	151.2%	310,176	01	10714900%
- Extraordinary charges	99,070	-83.3%	592,407	57.2%	376,852
Extraordinary result	8,080 €	-95.7%	186,888 €	380.3%	-66,676 €	0 €	0%
	0.02 % CA	-91.7%	0.24 % CA	340.0%	0 % CA	0 % CA	0%

Pre-tax result	1,204,526 €	-54.5%	2,649,560 €	123.2%	1,187,163 €	6,953 €	17223.8%
Extraordinary result	8,080 €	-95.7%	186,888 €	380.3%	-66,676 €	0 €	0%
- Employee profit sharing	86,423	0%	0	0%	0
- Tax on profits	698,021	0%	0	0%	0
Net result	428,162 €	-84.9%	2,836,448 €	153.1%	1,120,487 €	7,642.50 €	5502.4%
	1.07 % CA	-70.4%	3.61 % CA	122.8%	1.62 % CA	1.66 % CA	-35.5%

Consolidated Accounts

Active Account |  Passive Account |  Account Results |  Consolidation

Synthesized Accounts

Annual Accounts	31/12/2012
Account period (month)	12
Account Type	Consolidated
Activity Code	4642Z

Active account

Annual Accounts	31/12/2012
Capital not called	0
Total fixed assets	22,197,000
- Intangible assets	7,190,000
- Tangible assets	14,638,000
- Financial assets	369,000
Net current assets	56,516,000
- Stocks	21,480,000
- Advanced payments	0
- Receivables	24,207,000
- Securities and cash	10,829,000
Accounts of regularization	0
Total Assets	78,713,000

Passive Account

Annual Accounts	31/12/2012
Shareholders' equity	26,962,000
Share capital	1,000,000
Other capital resources	0
Risk Provisions	2,111,000
Liabilities	49,640,000
- Financial liabilities	31,191,000
- Advanced payments received	0
- Trade account payables	8,842,000
- Tax and social liabilities	4,287,000
- Other debts and fixed assets liabilities	5,320,000
Account regularization	0
Total liabilities	78,713,000

Results

Annual Accounts	31/12/2012
Sales of Goods	96,129,000
Net turnover	96,129,000
- of which net export turnover	61,966,000
Operating charges	91,114,000
Operating profit/loss	5,015,000
Financial income	0
Financial charges	2,507,000
Financial profit/loss	-2,507,000
Pretax net operating income	2,508,000
Extraordinary income	0
Extraordinary charges	1,757,000
Extraordinary profit/loss	-1,757,000

Consolidation

Annual Accounts	31/12/2012
Net result before amortisation of goodwill	-96,000
Goodwill amortisation allocation	-650,000
Net result of equity affiliates companies	0
Net result of integrated companies	0
Group result (consolidated net result)	-746,000
Share of minority interest (Result except group)	0
Net result - group share (part of parent company)	-746,000

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2012
Months	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2012
	Grand Total (I to VI)	Net	78,713,000
	Gross	CO	118,919,000
	Amortisation	1A	40,206,000

Capital subscribed not called (I)

		31/12/2012
Capital suscribed not called (I)	AA3	0

Active fixed asset (II)

			31/12/2012
	Total Active fixed asset (II)	Net	22,197,000
	Gross	BJ	59,637,000
	Amortisation	BK	37,440,000

Intangible fixed assets

			31/12/2012
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R&D expenses	Net	0
	Gross	CX	0
	Amortisation	AE	0
	Distributorships, patents	Net	0
	Gross	AF	0
	Amortisation	AG	0
	Goodwill	Net	0
	Gross	AH	0
	Amortisation	AI	0
	Other intangible fixed assets	Net	7,190,000
	Gross	AJ	8,624,000
	Amortisation	AK	1,434,000
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0

Tangible fixed assets

			31/12/2012
	Acquisition difference	Net	0
	Gross	A11	0
	Amortisation	A12	0
	Goodwill	Net	0
	Gross	A21	0
	Amortisation	A22	0
	Difference from the first consolidation	Net	0
	Gross	A31	0
	Amortisation	A32	0
	Lands	Net	0
	Gross	AN	0
	Amortisation	AO	0
	Buildings	Net	5,876,000
	Gross	AP	10,735,000
	Amortisation	AQ	4,859,000
	Plant	Net	8,222,000
	Gross	AR	35,017,000
	Amortisation	AS	26,795,000
	Other tangible fixed assets	Net	540,000
	Gross	AT	4,892,000
	Amortisation	AU	4,352,000
	Fixed assets in construction	Net	0
	Gross	AV	0
	Amortisation	AW	0
	Advances and payments on account	Net	0
	Gross	AX	0
	Amortisation	AY	0

Financial assets

			31/12/2012
	Associates at equity	Net	0
	Gross	CS	0
	Amortisation	CT	0
	Other participations	Net	0
	Gross	CU	0
	Amortisation	CV	0
	Inter-company receivables	Net	0
	Gross	BB	0
	Amortisation	BC	0
	Other investment securities	Net	0
	Gross	BD	0
	Amortisation	BE	0
	Loans	Net	0
	Gross	BF	0
	Amortisation	BG	0
	Other financial assets	Net	369,000
	Gross	BH	369,000
	Amortisation	BI	0
	Other financial assets	Net	0
	Gross	A41	0
	Amortisation	A42	0

Current Assets (III)

			31/12/2012
	Total Assets	Net	56,516,000
	Gross	CJ	59,282,000
	Amortisation	CK	2,766,000

Stocks

			31/12/2012
	Raw materials	Net	21,480,000
	Gross	BL	23,811,000
	Amortisation	BM	2,331,000
	Work in progress (goods)	Net	0
	Gross	BN	0
	Amortisation	BO	0
	Work in progress (services)	Net	0
	Gross	BP	0
	Amortisation	BQ	0
	Semi-finished and finished products	Net	0
	Gross	BR	0
	Amortisation	BS	0
	Goods for resale	Net	0
	Gross	BT	0
	Amortisation	BU	0

Advance payments to suppliers

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

Debtors

			31/12/2012
	Trade accounts receivable	Net	20,317,000
	Gross	BX	20,752,000
	Amortisation	BY	435,000
	Other debtors	Net	3,741,000
	Gross	BZ	3,741,000
	Amortisation	CA	0
	Capital subscribed and called up	Net	0
	Gross	CB	0
	Amortisation	CC	0

Divers

			31/12/2012
	Investment securities	Net	0
	Gross	CD	0
	Amortisation	CE	0
	Cash and cash equivalents	Net	10,829,000
	Gross	CF	10,829,000
	Amortisation	CG	0

Prepaid expenses

			31/12/2012
	Prepaid expenses	Net	149,000
	Gross	CH	149,000
	Amortisation	CI	0

Equalization accounts (IV to VI)

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

References

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

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2012
Grand Total (I to IV)	EE	78,713,000

Shareholder Equity (I)

			31/12/2012
	Total shareholders' equity (Total I)	DL	26,962,000
	Equity and shareholders' equity	DA	1,000,000
	Issue and merger premiums	DB	0
	Revaluation differentials	DC	0
	Of which equity differential	EK	0
	Legal reserve	DD	0
	Statutory or contractual reserve	DE	0
	Special regulated reserves	DF	0
	Other reserves	DG	26,278,000
	Profits or losses brought forward	DH	0
	Conversion differences	P1	316,000
	Net result - group part	P2	-746,000
	Investment grants	DJ	114,000
	Special tax-allowable reserves	DK	0

Other capital resources (II)

			31/12/2012
	Total other capital resources (Total II)	DO	0
	Income from participating securities	DM	0
	Conditional loans	DN	0
	Others	P3	0

Provisions for risks and charges (III)

			31/12/2012
	Total provisions for risks and charges (Total III)	DR	2,111,000
	Conversion differences	P4	0
	In reserves	P5	0
	In results	P6	0
	Total III	P7	0
	Delayed tax	P8	0
	Acquisition differences	P9	0
	Risk provisions	DP	482,000
	Reserves for charges	DQ	1,629,000

Liabilities (IV)

			31/12/2012
	Total Liabilities (Total IV)	EC	49,640,000
	Convertible debentures	DS	0
	Other debentures	DT	0
	Bank loans and liabilities	DU	0
	Sundry loans and financial liabilities	DV	31,191,000
	Of which participating loans	EI	0
	Advance payments received for current orders	DW	0
	Trade accounts payables	DX	8,842,000
	Tax and social security liabilities	DY	4,287,000
	Fixed asset liabilities	DZ	0
	Other debts	EA	5,320,000

Translation loss (V)

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

Equalization accounts

		31/12/2012
Deferred income	EB	0

References

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

		31/12/2012
Operating result (Total I-II)	GG	5,015,000

2 - Financial result (V - VI)

		31/12/2012
Financial result (Total V-VI)	GV	-2,507,000

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

		31/12/2012
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	2,508,000

4 - Extraordinary result (VII-VIII)

		31/12/2012
Extraordinary result (Total VII-VIII)	HI	-1,757,000

Consolidation

		31/12/2012
Delayed tax	R1	-442,000
Net result before amortisation of acquisition differences	R2	-96,000
Endowment to amortisation of acquisition differences	R3	-650,000
Net result of companies set in equivalence	R4	0
Net result of integrated companies	R5	0
Group result (consolidated net result)	R6	-746,000
Cross-reference : equipment leasing	R7	0
Cross-reference : property leasing	R8	-746,000

Operating income (I)

		31/12/2012
Total operating income (Total I)	FR	96,129,000

Operating income (details)

			31/12/2012
	Sale of goods for resale	FC	0
	France	FA	0
	Export	FB	0
	Sale of goods produced	FF	96,129,000
	France	FD	34,163,000
	Export	FE	61,966,000
	Sale of services	FI	0
	France	FG	0
	Export	FH	0
	Net turnover	FL	96,129,000
	France	FJ	34,163,000
	Export	FK	61,966,000
	Stocked production	FM	0
	Self-constructed assets	FN	0
	Operating grants	FO	0
	Release of reserves and provisions	FP	0
	Other income	FQ	0

Operating charges (II)

		31/12/2012
Total operating charges (Total II)	GF	91,114,000

Exploitation charges

		31/12/2012
Purchase of goods for resale	FS	0
Change in stocks of goods for resale	FT	0
Purchase of raw materials	FU	65,242,000
Change in stocks of raw materials	FV	0
Other external purchases and charges	FW	25,872,000
Tax, duty and similar payments	FX	0
Payroll	FY	0
Social security costs	FZ	0

Depreciation

		31/12/2012
Depreciation of fixed assets	GA	0
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	0
Provisions for risks and charges	GD	0

Other charges

		31/12/2012
Other charges	GE	0

Operating charges (III-IV)

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

Financial income (V)

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

Financial Charge (VI)

			31/12/2012
	Total financial charge (Total VI)	GU	2,507,000
	Financial reserves and provisions	GQ	0
	Interest and similar charges	GR	2,507,000
	Exchange losses	GS	0
	Net loss from disposal of investment securities	GT	0

Extraordinary income (VII)

			31/12/2012
	Total extraordinary income (Total VII)	HD	0
	Extraordinary operating income	HA	0
	Extraordinary income from capital transactions	HB	0
	Released provisions and transferred charges	HC	0

Extraordinary charges (VIII)

			31/12/2012
	Total extraordinary charges (Total VIII)	HH	1,757,000
	Extraordinary operating charges	HE	1,757,000
	Extraordinary charges from capital transactions	HF	0
	Extraordinary reserves and provisions	HG	0

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2012
Tax on profits (Total X)	HK	1,289,000

References

		31/12/2012
Of which equipment leases	HP	0
Of which property leases	HQ	0

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

Structure and Liquidity

		31/12/2012
Fixed Asset Financing		1.64
Global Debt		185.90 days
Working Capital Fund overall net		142.56 days
Financial independence		0%
More ratios
Solvability		34.25%

Management or rotation

		31/12/2012
Need background in operating working capital		101.45days
Treasury		40.55 days
Inventory turnover of goods		0 days
More ratios
Inventory turnover of raw materials in industrial enterprises		131.39 days
Inventory turnover of intermediate and finished products in the industrial enterprise		0 days

Profitability of the business

		31/12/2012
Margin trading		0%
Profitability of the business		5.22
More ratios
Rates integration		5.22%
Rate leasing furniture		0%
Weight interests		2.61

Return on capital

		31/12/2012
Rates of economic profitability		8.62%

ADDITIONAL INFORMATION

No social security and tax office preferential right to date

Trends

Profitability

Liquidity

Net worth

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

Preferential rights details and history

Summary of preferential rights

Company monitored since

14/09/2007

Status of Monitoring

No social security and tax office preferential right to date

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
10/02/2014	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 10505 - 582111571 RCS. COMASEC. Forme : Société par actions simplifiée. Adresse : 5 allée des Bas Tilliers 92230 Gennevilliers. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2013.
07/02/2014	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2152 - 582 111 571 RCS Nanterre. COMASEC. Forme : Société par actions simplifiée. Administration : Président : DOBBELSTEIJN Petrus J M F en fonction le 17 Octobre 2012 Commissaire aux comptes suppléant : KPMG AUDIT IS en fonction le 18 Mars 2013 Commissaire aux comptes titulaire : KPMG AUDIT ID en fonction le 18 Mars 2013. Activité : . Commentaires : Modification de représentant.
23/01/2014	JAL	Resignation / Revocation of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 20/12/2013 La société 582111571 - COMASEC, COMASEC, 5 ALL DES BAS TILLIERS, 92230 GENNEVILLIERS Fait l'objet du départ de Mazars, De Monsieur Loïc Wallaert, De Monsieur Eddy CARTIER
05/09/2013	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 12404 - 582111571 RCS. COMASEC. Forme : Société par actions simplifiée. Adresse : 5 allée des Bas Tilliers 92230 Gennevilliers. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
05/09/2013	Bodacc C	Comptes consolidés et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 12403 - 582111571 RCS. COMASEC. Forme : Société par actions simplifiée. Adresse : 5 allée des Bas Tilliers 92230 Gennevilliers. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
21/04/2013	Bodacc A	Vente et cession : Acheteur
95 - VAL-D'OISE GREFFE DU TRIBUNAL DE COMMERCE DE PONTOISE 1059 - 582 111 571 RCS Pontoise. COMASEC. Forme : Société par actions simplifiée. Capital : 1000000 EUR. Adresse : 5 allée des Bas Tilliers, 92230 Gennevilliers. Origine du fonds : Achat d'un fonds de commerce au prix stipulé de 218000 Euros. Etablissement : Etablissement principal. Activité : prestation de services de support à la vente dans le secteur des gants industriels. Adresse : 21-23 rue du Petit Albi, 95805 Cergy Pontoise Cedex. Précédent propriétaire : ANSELL S. A. 319 608 709 RCS Pontoise. Date de commencement de l’activité : 01/04/2013. Publication légale : L'Echo Le Régional du 11/04/2013. Oppositions : Au fonds vendu 21-23 rue du petit Albi 95805 CERGY PONTOISE pour la validité et pour la correspondance. Descriptif : . Commentaires : Achat d'un fonds par une personne morale (insertion provisoire).
11/04/2013	JAL	Activity or goodwill cession: Buyer
Echo régional (L') Date de décision : 28/03/2013 Cédant : 319608709 - ANSELL SA, 21 RUE DU PETIT ALBI, 21-23, BP 78395, 95800 CERGY Cessionnaire : 582111571 - COMASEC, COMASEC, 5 ALL DES BAS TILLIERS, 92230 GENNEVILLIERS Prix de vente : 218000 € Date d’effet : 01/04/2013
26/03/2013	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2870 - 582 111 571 RCS Nanterre. COMASEC. Forme : Société par actions simplifiée. Administration : Directeur général : CARTIER Eddy en fonction le 13 Juillet 2007 Commissaire aux comptes suppléant : WALLAERT Loic en fonction le 05 Août 2008 Commissaire aux comptes titulaire : MAZARS modification le 29 Juillet 2011 Président : DOBBELSTEIJN Petrus J M F en fonction le 17 Octobre 2012 Commissaire aux comptes suppléant : KPMG AUDIT IS en fonction le 18 Mars 2013 Commissaire aux comptes titulaire : KPMG AUDIT ID en fonction le 18 Mars 2013. Activité : . Commentaires : Modification de représentant.
26/10/2012	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1907 - 582 111 571 RCS Nanterre. COMASEC. Forme : Société par actions simplifiée. Administration : Directeur général : CARTIER Eddy en fonction le 13 Juillet 2007 Commissaire aux comptes suppléant : WALLAERT Loic en fonction le 05 Août 2008 Commissaire aux comptes titulaire : MAZARS modification le 29 Juillet 2011 Président : DOBBELSTEIJN Petrus J M F en fonction le 17 Octobre 2012. Activité : . Commentaires : Modification de représentant.
12/10/2012	JAL	Appointment of the social representative
Journal spécial des sociétés (Le) Date de décision : 27/09/2012 Société faisant l'objet d'une nomination : 582111571 - COMASEC, 5 ALL DES BAS TILLIERS, 92230 GENNEVILLIERS Nominé : Monsieur Petrus Johannes Maria Franciscus Dobbelsteijn, 6114 RA SUSTEREN En la fonction de : Président
12/10/2012	JAL	Resignation / Revocation of the social representative
Journal spécial des sociétés (Le) Date de décision : 27/09/2012 La société 582111571 - COMASEC, 5 ALL DES BAS TILLIERS, 92230 GENNEVILLIERS Fait l'objet du départ de Monsieur Pascal Bérend
26/07/2012	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 13658 - 582111571 RCS. COMASEC. Forme : Société par actions simplifiée. Adresse : 5 allée des Bas Tilliers 92230 Gennevilliers. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
07/08/2011	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1826 - 582 111 571 RCS Nanterre. COMASEC. Forme : Société par actions simplifiée. Administration : Président : BEREND Claude Pascal modification le 29 Juillet 2011 Directeur général : CARTIER Eddy en fonction le 13 Juillet 2007 Commissaire aux comptes suppléant : WALLAERT Loic en fonction le 05 Août 2008 Commissaire aux comptes titulaire : MAZARS modification le 29 Juillet 2011. Activité : . Commentaires : Modification de représentant.
04/09/2010	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 8976 - 582111571 RCS. COMASEC. Forme : Société par actions simplifiée. Adresse : 5 allée des Bas Tilliers 92230 Gennevilliers. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
02/09/2009	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 7900 - 582111571 RCS. COMASEC. Forme : Société par actions simplifiée. Adresse : 5 allée des Bas Tilliers 92230 Gennevilliers. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
14/08/2008	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1885 - 582 111 571 RCS Nanterre. COMASEC. Forme : Société par actions simplifiée. Administration : Président : BEREND Claude Pascal modification le 18 Août 2006Commissaire aux comptes suppléant : SERVAL Jean Francois. Commissaire aux comptes titulaire : CONSTANTIN ASSOCIES. Directeur général : CARTIER Eddy en fonction le 13 Juillet 2007. Commissaire aux comptes suppléant : WALLAERT Loic en fonction le 05 Août 2008. Commissaire aux comptes titulaire : MAZARS ET GUERARD en fonction le 05 Août 2008. Commentaires : Modification de représentant.
12/08/2008	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 7418 - 582111571 RCS. COMASEC. Forme : Société par actions simplifiée. Adresse : 5 allée des Bas Tilliers 92230 Gennevilliers. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
26/10/2007	Bodacc C	Avis de dépôt des comptes
6752 - 582 111 571. RCS Nanterre COMASEC. Forme: Société par actions simplifiée. Adresse du siège social: 5 allée des Bas Tilliers 92230 Gennevilliers. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
05/08/2007	Bodacc B	Modifications et mutations diverses
1023 - RCS Nanterre B 582 111 571. RC 03-B 3745. COMASEC. Forme : S.A.S. Commentaires : modification survenue sur l'administration. Administration : nomination d'un directeur général : CARTIER (Eddy).
31/08/2006	Bodacc C	Avis de dépôt des comptes
5478 - RCS Nanterre B 582 111 571. RC 03-B 3745. COMASEC. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE - SAS. Adresse du siège social: 5, allée des Bas Tilliers,92230 Gennevilliers. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
20/10/2005	Bodacc C	Avis de dépôt des comptes
4725 - RCS Nanterre B 582 111 571. RC 03-B 3745. COMASEC. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 5, allée des Bas Tilliers,92230 Gennevilliers. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
14/08/2003	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 582111571 RC 03-B 3745 COMASEC. Forme : S.A.S. Capital : 1 000 000 d'euros. Activité : fabrication et vente de matériel de protection. Adresse du siège social : 5 allée des Bas-Tilliers, 92230 Gennevilliers. Administration : président : BEREND (Claude, Pascal). Commissaire aux comptes suppléant : SERVAL (Jean, François). Commissaire aux comptes titulaire : CONSTANTIN ASSOCIES. Commentaires : cette société transfère son siège des 6-10 quai de Seine, 93200 Saint-Denis. Date d'effet : 1 e r juillet 2003.
07/06/2002	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 582111571 RC 94-B 19 COMASEC. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : administrateur partant : BEREND (Francis, Thomas). Commissaire aux comptes titulaire partant : CABINET CONSTANTIN J.-C. SAUCE J. LE ROUGE F.-J. SERVAL. Modification du président : BEREND (Claude, Pascal). Administrateurs partants : SAINTE-MARIE (Bernard, Alexis) LUCAS (Colette, Louis) ( Nom d'usage : SANSON). Fondé de pouvoir à procuration générale partant : CROS (Jeannine, Thérèse) ( Nom d'usage : LAFEUILLE). Nomination d' un commissaire aux comptes suppléant : SERVAL (Jean, François). Nomination d' un commissaire aux comptes titulaire : CONSTANTIN ASSOCIES.
19/03/2002	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 582111571 RC 94-B 19 COMASEC. Forme : S.A. Capital : 1 000 000 d' euros. Commentaires : modification survenue sur le capital (augmentation).
23/11/1997	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 582 111 571 RC 94-B 19 COMASEC. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : nomination du président du conseil d' administration et administrateur : BEREND (Claude, Pascal). Nomination du fondé de pouvoir à procuration générale CROS (Jeannine, Thérèse) ( Nom d'usage : LAFEUILLE). Modification d'un administrateur : BEREND (Francis, Thomas). Administrateurs partants : VERGNOT, née CHANTREAU (Claude, Jeanne) BEREND, née HASSID (Denyse, Patricia). Nomination d'administrateurs : SAINTE- MARIE (Bernard, Alexis) LUCAS ( Colette, Louis) ( Nom d'usage : SANSON).

Company events history

Date	Description
10/02/2014	Bodacc C : Deposit accounts notice
07/02/2014	Bodacc B: Various editing or changing
31/01/2014	Update Limit
31/01/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/01/2014	Amendment
30/01/2014	Changes to the Board of Directors
30/01/2014	New auditor
23/01/2014	Legal Gazette: Resignation / Revocation of the social representative
06/12/2013	New subsidiarie(s) detected
06/12/2013	New ultimate parent
06/12/2013	New parent detected
22/10/2013	Invalid balance sheet
19/10/2013	Update Limit
19/10/2013	Update Rating
05/09/2013	Bodacc C : Deposit accounts notice
18/07/2013	Update Limit
18/07/2013	Update Rating
05/07/2013	Application and court order
05/07/2013	Extension of term
30/06/2013	New accounts available
23/04/2013	Amendment
23/04/2013	Updated articles of association
23/04/2013	New closing date
21/04/2013	Bodacc A : Sale and transfer
28/03/2013	Legal Gazette: Activity or goodwill cession: Buyer
26/03/2013	Bodacc B: Various editing or changing
18/03/2013	Amendment
18/03/2013	New auditor
31/12/2012	New consolidated accounts available
26/10/2012	Bodacc B: Various editing or changing
17/10/2012	Amendment
17/10/2012	New chairman (CEO, CoB)
12/10/2012	Legal Gazette: Resignation / Revocation of the social representative
27/09/2012	Legal Gazette: Appointment of the social representative
11/08/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
26/07/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
06/09/2011	Bodacc C : Deposit accounts notice
01/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
07/08/2011	Bodacc B: Various editing or changing
29/07/2011	New auditor
29/07/2011	Amendment
31/12/2010	New accounts available
04/09/2010	Bodacc C : Deposit accounts notice
02/08/2010	Updated articles of association
02/08/2010	Acte modificatif
02/08/2010	Amendment
02/08/2010	Statuts mis à jour
31/12/2009	New accounts available
02/09/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
31/12/2008	Modification of Company Activity
31/12/2008	Update of Company Activity
31/12/2008	Update of Company Workforce
14/08/2008	Bodacc B: Various editing or changing
14/08/2008	New Bodacc B ads detected
12/08/2008	Bodacc C : Deposit accounts notice
05/08/2008	Private document
05/08/2008	Appointment/resignation of company officers
05/08/2008	Minutes of general meeting of shareholders
05/08/2008	Changement de Commissaire aux Comptes
05/08/2008	Acte modificatif
05/08/2008	Amendment
31/12/2007	New accounts available
14/09/2007	Collection of preferential rights activated for this company
13/07/2007	Private document
13/07/2007	Minutes of general meeting of shareholders
13/07/2007	Acte modificatif
13/07/2007	Modification du Conseil d'Administration
13/07/2007	Amendment
31/12/2006	New accounts available
10/08/2006	Reconstitution of net assets
10/08/2006	Reconstitution de l'Actif Net
10/08/2006	Minutes of general meeting of shareholders
10/08/2006	Acte modificatif
10/08/2006	Private document
31/12/2005	New accounts available
20/09/2005	Acte modificatif
20/09/2005	Statuts mis à jour
20/09/2005	Acte sous seing privé
20/09/2005	PV d'Assemblée
20/09/2005	Minutes of general meeting of shareholders
20/09/2005	Private document
20/09/2005	Updated articles of association
31/12/2004	New accounts available
31/12/2003	New accounts available
04/08/2003	Immatriculation suite à transfert
04/08/2003	Transfert du Siège hors du ressort du Tribunal de Commerce
04/08/2003	Transfert du Siège dans le ressort du Tribunal de Commerce
04/08/2003	Acte sous seing privé
04/08/2003	Statuts mis à jour
04/08/2003	Acte modificatif
24/05/2002	PV d'Assemblée
24/05/2002	Changement de Forme Juridique sans changement de catégorie
24/05/2002	Statuts mis à jour
24/05/2002	Acte sous seing privé
24/05/2002	Changement de Forme Juridique avec changement de catégorie
24/05/2002	Rapport des Commissaires ou du Gérant
06/03/2002	Statuts mis à jour
06/03/2002	Conversion du Capital Social en Euros
06/03/2002	PV d'Assemblée
06/03/2002	Acte sous seing privé
10/11/1997	Modification du Conseil d'Administration
10/11/1997	Acte sous seing privé
10/11/1997	Acte modificatif
10/11/1997	Changement de Président (PDG, PCA)
10/11/1997	Nomination/démission des organes de gestion
10/11/1997	PV du Conseil d'Administration
10/11/1997	PV d'Assemblée
31/12/1993	PV du Conseil d'Administration
31/12/1993	Statuts
31/12/1993	Statuts mis à jour
31/12/1993	Immatriculation suite à transfert
31/12/1993	PV d'Assemblée
28/12/1993	Transfert du Siège hors du ressort du Tribunal de Commerce
28/12/1993	PV du Conseil d'Administration
28/12/1993	Acte modificatif
18/12/1991	PV du Conseil d'Administration
18/12/1991	PV d'Assemblée
18/12/1991	Nomination/démission des organes de gestion
18/12/1991	Modification du Conseil d'Administration

Establishment events history

Date	Description
01/02/2014	Update Limit
07/12/2013	Update Rating
22/10/2013	Update Limit
17/09/2013	Update Rating
01/09/2011	Update Limit
01/09/2011	Update Rating
27/09/2010	Update Rating
10/08/2010	Update Limit
10/08/2010	Update Rating
19/08/2009	Update Limit
31/12/2008	Modification of Head office
30/07/2008	Update Rating
30/07/2008	Update Limit
16/12/2007	Update Limit
09/12/2007	Update Limit
28/08/2007	Update Rating

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.10
UK Pound	1	Rs.102.40
Euro	1	Rs.81.88

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	MNL

RATING EXPLANATIONS

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

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

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

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

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

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