MIRA INFORM REPORT

Report Date :

04.03.2014

IDENTIFICATION DETAILS

Name :	ANIXTER FRANCE SARL
Registered Office :	Zone Paris Nord 2, Parc Silic, 22 Avenue des Nations, Immeuble Rostand, Hall E, 1er étage, 93420 Villepinte
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	March 1989
Com. Reg. No.:	RCS Bobigny 9 349 968 388
Legal Form :	Limited Liability Company
Line of Business :	supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components
No. of Employees	100 (31.12.2012)

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – december 01, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	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 79 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 reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011, before stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 10.3% in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high unemployment costs have strained France's public finances. The budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.5% of GDP in 2012, while France's public debt rose from 68% of GDP to 89% over the same period. Under President SARKOZY, Paris implemented some austerity measures to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt. Socialist Party candidate Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, and hiring an additional 60,000 teachers during his five-year term. The government's attempt to introduce a 75% wealth tax on income over one million euros for two years was struck down by the French Constitutional Council in December 2012 because it applied to individuals rather than households. France ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's government has maintained France's commitment to meeting the budget deficit target of 3% of GDP during 2013 even amid signs that economic growth will be lower than the government's forecast of 0.8%. Despite stagnant growth and fiscal challenges, France's borrowing costs declined during the second half of 2012 to euro-era lows.

Source : CIA

company summary

Name

ANIXTER FRANCE SARL

SIRET

349 968 388 00125

		EUR VAT Number	FR68349968388
Activity (APE)	supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components	Legal form	Limited Liability Company
Phone	01 48 63 73 73	RCS Registration	RCS Bobigny 9 349 968 388
Fax		Share capital	25,510,000 Euros
Address	Zone Paris Nord 2, Parc Silic, 22 Avenue des Nations, Immeuble Rostand, Hall E, 1er étage, 93420 Villepinte	Incorporated Date	03/1989
Nationality	France	Status	Economically active

No social security and tax office preferential right to date

Ultimate Holding Company

Company Name

ANIXTER INTERNATIONAL INC

Current Directors

2

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	64,964,522 €	79,281,508 €	74,998,232 €
Gross Operating Surplus	1,03 % Turnover	1,92 % Turnover	1,27 % Turnover
Shareholders’ equity	19,046,800 €	17,606,209 €	23,801,996 €
Net result	1,440,591 €	-6,195,786 €	-765,491 €
Employees	100 (31.12.2012)	-	-

Trends
Profitability
Liquidity
Net worth

company details

Activity (APE)	supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components
RCS Registration	RCS Bobigny 9 349 968 388	Share capital	25,510,000 Euros
Registration Court	Bobigny (93)	Legal form	Limited Liability Company
Court Registry Number	19 9 4B02790	EUR VAT Number	FR68349968388
Incorporation Date	03/1989	Formation Date	03/1989
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components	Business Pages FT®	INFORMATIQUE: RESEAUX
Postal Address	Zone Paris Nord 2, Parc Silic, 22 Avenue des Nations, Immeuble Rostand, Hall E, 1er étage, 93420 Villepinte Telephone +33 1 48 63 73 73 Fax +33 1 48 63 09 47	bRANCH Address	9 rue Gutenberg BP 50535 Sarreguemines Cedex, F-57205  France Tel: +33 3 87 98 90 35 Fax: +33 3 87 98 90 45

Type	Head office	Status	Economically active
Formation Date	12/2012	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	VILLEPINTE	Size of urban area

Other establishments

Branches	3 branch entities in this company
Head office	> ANIXTER FRANCE SARL <<<  - Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication (4652Z)  in VILLEPINTE  (93420)
Secondary establishments	>  ANIXTER FRANCE SARL  - Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication (4652Z)  in LYON 3EME  (69003)  >  ANIXTER FRANCE SARL  - Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication (4652Z)  in GENAS  (69740)  >  ANIXTER FRANCE SARL  - Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication (4652Z)  in TREMBLAY EN FRANCE  (93290)  >  ANIXTER FRANCE SARL  - Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication (4652Z)  in LYON 3EME  (69003)  > ...

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

Workforces

Workforce at address

20 to 49 employees

Company workforce

100 (31.12.2012)

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts 

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	20/08/2013	15/10/2012	21/12/2011
Activity Code	4652Z	4652Z	4652Z
Employees	100	131	153

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	9 658 608	13,8%	8 484 701	-55,1%	18 897 414	28 026	34363,0%
- Intangible assets	7 655 002	0%	7 655 002	-57,2%	17 887 071	0	0%
- Tangible assets	705 943	19,1%	592 870	-20,4%	744 484	9 061	7691,0%
- Financial assets	1 297 663	447,9%	236 829	-10,9%	265 859	3 260	39705,6%
Net current assets	20 802 669	-25,3%	27 830 176	-23,1%	36 172 608	405 963	5024,3%
- Stocks	7 783 971	-30,7%	11 238 204	-30,7%	16 218 924	38 970	19874,3%
- Advanced payments	14	-25,3%	1 512	-99,1%	161 685	0	0%
- Receivables	12 489 566	-20,5%	15 703 802	-14,2%	18 297 913	189 623	6486,5%
- Securities and cash	529 118	-40,3%	886 658	-40,7%	1 494 086	67 190	687,5%
- Prepaid expenses	-	-	-	-	-	124	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	30 461 277	-16,1%	36 314 877	-34,1%	55 070 022	482 719	6210,4%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Shareholders' equity	19 046 800	8,2%	17 606 209	-26,0%	23 801 996	158 383	11925,8%
Share capital	25 510 000	0%	25 510 000	0%	25 510 000	37 500	67926,7%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	131 079	-91,0%	1 448 872	664,1%	189 628	0	0%
Liabilities	11 283 398	-34,6%	17 259 797	-44,4%	31 033 557	261 244	4219,1%
- Financial liabilities	0	0%	6 600 000	-69,1%	21 337 375	16 727	0%
- Advanced payments received	0	0%	0	0%	59 595	0	0%
- Trade account payables	2 214 445	-56,1%	5 040 517	-15,0%	5 932 211	89 690	2369,0%
- Tax and social liabilities	2 908 000	18,8%	2 447 567	-4,2%	2 554 400	74 573,50	3799,5%
- Other debts and fixed assets liabilities	6 160 953	94,2%	3 171 712	165,5%	1 194 816	4 625	133109,8%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	30 461 277	-16,1%	36 314 877	-34,1%	55 070 021	482 719	6210,4%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	64 964 522	-18,1%	79 281 508	5,7%	74 998 232	814 723	7873,8%
Net turnover	64 964 522	-18,1%	79 281 508	5,7%	74 998 232	800 334	8017,2%
- of which net export turnover	21 084 417	-26,1%	28 524 849	0%	0	0	0%
Operating charges	64 871 111	-17,1%	78 268 108	3,9%	75 357 775	797 872	8030,5%
Operating profit/loss	93 411	-90,8%	1 013 400	381,9%	-359 543	20 127	364,1%
Financial income	343 654	71,3%	200 566	-50,7%	406 473	485	70756,5%
Financial charges	374 277	-22,7%	483 954	-39,3%	796 703	1 443	25837,4%
Financial profit/loss	-30 623	89,2%	-283 388	27,4%	-390 230	-57	-53624,6%
Pretax net operating income	62 788	-91,4%	730 012	197,4%	-749 773	19 460	222,7%
Extraordinary income	1 317 839	0%	0	0%	4 782	100	1317739,0%
Extraordinary charges	0	0%	6 289 783	0%	0	270	0%
Extraordinary profit/loss	1 317 839	121,0%	-6 289 783	-131630,4%	4 782	0	0%
Net result	1 440 591	123,3%	-6 195 786	-709,4%	-765 491	16 954	8397,1%

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active 
Current Assets |  Equalization accounts |  Reference 

Grand Total - Passive Accounts (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Grand Total (I to VI)	Net	30 461 277	-16,1%	36 314 877	-34,1%	55 070 022
	Gross	CO	35 104 650	-14,3%	40 978 852	-37,0%	65 079 288
	Amortisation	1A	4 643 373	-0,4%	4 663 975	-53,4%	10 009 266

Non declared distributed capital (I)

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

Active fixed asset (II)

			31/12/2012		31/12/2011		31/12/2010
	Total Active fixed asset (II)	Net	9 658 608	13,8%	8 484 701	-55,1%	18 897 414
	Gross	BJ	12 993 102	11,7%	11 627 002	-48,6%	22 629 105
	Amortisation	BK	3 334 494	6,1%	3 142 301	-15,8%	3 731 691

Intangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	0	0%	0
	Gross	AF	0	0%	0	0%	0
	Amortisation	AG	0	0%	0	0%	0
	Goodwill	Net	7 655 002	0%	7 655 002	-57,2%	17 887 071
	Gross	AH	7 655 002	0%	7 655 002	-57,2%	17 887 071
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	7 655 002	0%	7 655 002	-57,2%	17 887 071

Tangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	446 456	-4,1%	465 524	12,4%	414 114
	Gross	AR	1 840 446	10,4%	1 666 576	8,2%	1 540 815
	Amortisation	AS	1 393 990	16,1%	1 201 052	6,6%	1 126 701
	Other tangible fixed assets	Net	252 387	98,2%	127 346	-61,5%	330 370
	Gross	AT	2 192 891	6,0%	2 068 595	-29,5%	2 935 360
	Amortisation	AU	1 940 504	0,0%	1 941 249	-25,5%	2 604 990
	Fixed assets in construction	Net	7 100	0%	0	0%	0
	Gross	AV	7 100	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	705 943		592 870		744 484

Financial assets

			31/12/2012		31/12/2011		31/12/2010
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	1 297 663	447,9%	236 829	-10,9%	265 859
	Gross	BH	1 297 663	447,9%	236 829	-10,9%	265 859
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		1 297 663		236 829		265 859

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	20 802 669	-25,3%	27 830 176	-23,1%	36 172 608
	Gross	CJ	22 111 548	-24,7%	29 351 850	-30,9%	42 450 183
	Amortisation	CK	1 308 879	-14,0%	1 521 674	-75,8%	6 277 575

Stocks

			31/12/2012		31/12/2011		31/12/2010
	Raw materials	Net	0	0%	0	0%	0
	Gross	BL	0	0%	0	0%	0
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	0	0%	0	0%	0
	Gross	BR	0	0%	0	0%	0
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	7 783 971	-30,7%	11 238 204	-30,7%	16 218 924
	Gross	BT	8 994 259	-28,8%	12 628 378	-43,1%	22 187 437
	Amortisation	BU	1 210 288	-12,9%	1 390 174	-76,7%	5 968 513
	Sub Total Stocks	Net	7 783 971	-30,7%	11 238 204	-30,7%	16 218 924

Advance payments to suppliers

			31/12/2012		31/12/2011		31/12/2010
	Advance payments to suppliers	Net	14	-99,1%	1 512	-99,1%	161 685
	Gross	BV	14	-99,1%	1 512	-99,1%	161 685
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2012		31/12/2011		31/12/2010
	Trade accounts receivable	Net	11 600 603	-11,6%	13 115 766	-7,7%	14 210 526
	Gross	BX	11 699 194	-11,7%	13 247 266	-8,8%	14 519 588
	Amortisation	BY	98 591	-25,0%	131 500	-57,5%	309 062
	Other debtors	Net	798 537	-65,7%	2 330 145	-38,9%	3 813 211
	Gross	BZ	798 537	-65,7%	2 330 145	-38,9%	3 813 211
	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	12 399 140	-19,7%	15 445 911	-14,3%	18 023 737

Divers

			31/12/2012		31/12/2011		31/12/2010
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	529 118	-40,3%	886 658	-40,7%	1 494 086
	Gross	CF	529 118	-40,3%	886 658	-40,7%	1 494 086
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	529 118	-40,3%	886 658	-40,7%	1 494 086

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2010
	Prepaid expenses	Net	90 426	-64,9%	257 891	-5,9%	274 176
	Gross	CH	90 426	-64,9%	257 891	-5,9%	274 176
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

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

References

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

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to V)	EE	30 461 277	-16,1%	36 314 877	-34,1%	55 070 021

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	19 046 800	8,2%	17 606 209	-26,0%	23 801 996
	Equity and shareholders' equity	DA	25 510 000	0%	25 510 000	0%	25 510 000
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	108 830	0%	108 830	0%	108 830
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-8 012 621	-341,0%	-1 816 835	-72,8%	-1 051 343
	Profit or loss for the period	DI	1 440 591	123,3%	-6 195 786	-709,4%	-765 491
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

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

Provisions for risks and charges (III)

			31/12/2012		31/12/2011		31/12/2010
	Total provisions for risks and charges (Total III)	DR	131 079	-91,0%	1 448 872	664,1%	189 628
	Risk provisions	DP	131 079	-91,0%	1 448 872	664,1%	189 628
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2012		31/12/2011		31/12/2010
	Total Liabilities (Total IV)	EC	11 283 398	-34,6%	17 259 797	-44,4%	31 033 557
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	0	0%	0
	Sundry loans and financial liabilities	DV	0	0%	6 600 000	-69,1%	21 337 375
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	59 595
	Trade accounts payables	DX	2 214 445	-56,1%	5 040 517	-15,0%	5 932 211
	Tax and social security liabilities	DY	2 908 000	18,8%	2 447 567	-4,2%	2 554 400
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	6 160 953	94,2%	3 171 712	175,8%	1 149 976

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	0	0%	0	0%	44 840

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	11 283 398	-34,6%	17 259 797	-44,3%	30 973 963
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2012		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	93 411	-90,8%	1 013 400	381,9%	-359 543

2 - Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-30 623	89,2%	-283 388	27,4%	-390 230

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

		31/12/2012		31/12/2011		31/12/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	62 788	-91,4%	730 012	197,4%	-749 773

4 - Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	1 317 839	121,0%	-6 289 783	-131630,4%	4 782

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	1 440 591	123,3%	-6 195 786	-709,4%	-765 491

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	66 626 015	-16,2%	79 482 074	5,4%	75 409 487

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

		31/12/2012		31/12/2011		31/12/2010
Total charges (Total II+IV+VI+VIII+IX+X)	HM	65 185 424	-23,9%	85 677 859	12,5%	76 174 978

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	64 964 522	-18,1%	79 281 508	5,7%	74 998 232

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	Sale of goods for resale	FC	62 436 564	-19,0%	77 093 862	4,6%	73 726 639
	France	FA	43 398 095	-14,5%	50 756 659	-31,2%	73 726 639
	Export	FB	19 038 469	-27,7%	26 337 203	0%	0
	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	2 527 958	15,6%	2 187 646	72,0%	1 271 593
	France	FG	482 010	0%	0	0%	1 271 593
	Export	FH	2 045 948	-6,5%	2 187 646	0%	0
	Net turnover	FL	64 964 522	-18,1%	79 281 508	5,7%	74 998 232
	France	FJ	43 880 105	-13,5%	50 756 659	-32,3%	74 998 232
	Export	FK	21 084 417	-26,1%	28 524 849	0%	0
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	0	0%	0	0%	0
	Other income	FQ	0	0%	0	0%	0

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	64 871 111	-17,1%	78 268 108	3,9%	75 357 775

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	44 922 813	-10,4%	50 111 639	-10,9%	56 265 005
Change in stocks of goods for resale	FT	3 637 132	-62,0%	9 559 059	3007,3%	307 629
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	7 171 619	-15,8%	8 513 424	1,1%	8 423 069
Tax, duty and similar payments	FX	517 179	-9,4%	570 821	486,0%	97 411
Payroll	FY	6 004 741	-6,4%	6 415 633	4,6%	6 131 090
Social security costs	FZ	2 044 675	-21,0%	2 588 817	-8,3%	2 823 507

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	266 392	-21,1%	337 803	5,9%	318 919
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	306 560	79,4%	170 912	-82,8%	991 145
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	0	0%	0	0%	0

Operating charges (III-IV)

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

Financial income (V)

			31/12/2012		31/12/2011		31/12/2010
	Total financial income (Total V)	GP	343 654	71,3%	200 566	-50,7%	406 473
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	0	0%	0	0%	0
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	343 654	71,3%	200 566	-50,7%	406 473
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2012		31/12/2011		31/12/2010
	Total financial charge (Total VI)	GU	374 277	-22,7%	483 954	-39,3%	796 703
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	374 277	19,7%	312 778	-44,6%	564 735
	Exchange losses	GS	0	0%	171 176	-26,2%	231 968
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary income (Total VII)	HD	1 317 839	0%	0	0%	4 782
	Extraordinary operating income	HA	47	0%	0	0%	4 782
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	1 317 792	0%	0	0%	0

Extraordinary charges (VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	0	0%	6 289 783	0%	0
	Extraordinary operating charges	HE	0	0%	6 289 783	0%	0
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		31/12/2012		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	-59 964	-109,4%	636 014	3002,5%	20 500

References

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

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	17 597	-99,8%	11 319 917	15195,3%	74 009
	Gross value at the end of period	OL	12 993 102	11,7%	11 627 002	-48,6%	22 629 105

Research and development Charge (Total I)

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

Other budget item from Intangible fixed assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	KD	7 655 002	-57,2%	17 887 070	74,8%	10 232 069
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	7 655 002
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	10 232 068	0%	0
	Gross value at the end of period	LW	7 655 002	0%	7 655 002	-57,2%	17 887 071

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	3 739 923	-16,4%	4 476 176	128,1%	1 962 161
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	318 111	0,1%	317 815	-87,7%	2 588 024
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	17 597	-98,3%	1 058 820	1330,7%	74 009
	Gross value at the end of period	NH	4 040 437	8,2%	3 735 171	-16,6%	4 476 176

Fiancial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	236 829	-10,9%	265 858	1,2%	262 659
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	1 060 834	0%	0	0%	3 200
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	29 029	0%	0
	Gross value at the end of period	NK	1 297 663	447,9%	236 829	-10,9%	265 859

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

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

Research and development charge (Total I)

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

Other intangible assets (Total II)

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

Total fixed assets amotisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	3 088 828	-18,4%	3 785 163	155,9%	1 479 070
Increases		QV	263 100	253,9%	74 351	-96,8%	2 324 408
Decreases		QW	17 434	-97,6%	717 213	899,1%	71 788
	Decreasess by budget item transfer	QX	3 334 494	6,1%	3 142 301	-15,8%	3 731 690

Movements during period affecting charge allocated over several period 

Charges à répartir ou frais d'émission d'emprunt

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

Premium refund of obligations

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

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

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7C	2 970 546	-54,1%	6 467 204	14,8%	5 632 879
Increases		UB	303 560	-78,8%	1 430 157	44,3%	991 145
Decreases		UC	1 834 148	-62,8%	4 926 815	3041,7%	156 819
	Value at the end of period	UD	1 439 958	-51,5%	2 970 546	-54,1%	6 467 205

Includes Total allocations

Operating	UE	303 560	-78,8%	1 430 157	44,3%	991 145
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	1 834 148	-62,8%	4 926 815	3041,7%	156 819
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

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

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	5Z	1 448 872	664,1%	189 629	-45,3%	346 448
Increases		TV	0	0%	1 259 244	0%	0
Decreases		TW	1 317 793	0%	0	0%	156 819
	Value at the end of period	TX	131 079	-91,0%	1 448 873	664,1%	189 629

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	1 521 674	-75,8%	6 277 576	18,7%	5 286 431
Increases		TY	303 560	77,6%	170 913	-82,8%	991 145
Decreases		TZ	516 355	-89,5%	4 926 815	0%	0
	Value at the end of period	UA	1 308 879	-14,0%	1 521 674	-75,8%	6 277 576

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	13 885 820	-13,6%	16 072 131	-14,8%	18 872 833
1 year at most	VU	13 758 971	-13,1%	15 835 302	-14,9%	18 606 974
More than one year	VV	126 849	-46,4%	236 829	-10,9%	265 859

State of loans

		31/12/2012		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	1 297 663	447,9%	236 829	-10,9%	265 859
Other financial assets (1 year at most)	UV	1 170 814	0%	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	28 320	-73,7%	107 622	-45,3%	196 606
Other claims customer	UX	11 670 874	-11,2%	13 139 644	-8,3%	14 322 981
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	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	798 537	-61,3%	2 063 037	-42,0%	3 556 333
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	267 108	4,0%	256 878

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	90 426	-64,9%	257 891	-5,9%	274 176

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	11 283 396	-34,6%	17 259 796	-44,3%	30 973 963
1 year at most		VZ2	11 283 396	-34,6%	17 259 796	-44,3%	30 973 963
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2012		31/12/2011		31/12/2010
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	6 600 000	-69,1%	21 337 375
1 year at most		8A2	0	0%	6 600 000	-69,1%	21 337 375
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	2 214 445	-56,1%	5 040 517	-15,0%	5 932 211
1 year at most		8B2	2 214 445	-56,1%	5 040 517	-15,0%	5 932 211
More than 1 year and 5 years at most		8B3	2 214 445	-56,1%	5 040 517	-15,0%	5 932 211
	Personnel and associated accounts (gross)	8C1	1 487 871	-15,7%	1 764 439	-19,9%	2 202 625
1 year at most		8C2	1 487 871	-15,7%	1 764 439	-19,9%	2 202 625
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	60 297	-79,0%	287 555	35,7%	211 864
1 year at most		8D2	60 297	-79,0%	287 555	35,7%	211 864
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	1 359 832	243,8%	395 573	182,7%	139 912
1 year at most		VW2	1 359 832	243,8%	395 573	182,7%	139 912
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	0
1 year at most		VQ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	6 160 953	94,2%	3 171 712	175,8%	1 149 976
1 year at most		VI2	6 160 953	94,2%	3 171 712	175,8%	1 149 976
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	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	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

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

Table allocation results and other information 
Dividends distributed

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

Commitments

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

Other charges Externes

		31/12/2012		31/12/2011		31/12/2010
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	1 311 662	8,9%	1 204 428	-2,9%	1 239 978
Staff outside the company	YU	185 967	18,5%	156 884	-5,8%	166 592
Remuneration intermediaries and fees (excluding fees)	SS	294 636	1528,9%	18 088	15,7%	15 627
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	5 379 354	-24,6%	7 137 024	1,9%	7 000 873
Total Other purchases and external	ZJ	7 171 619	1156,4%	8 516 424	1,1%	8 423 070

Taxes and Fees

		31/12/2012		31/12/2011		31/12/2010
Business tax	YW	87 486	19,1%	73 475	-16,8%	88 275
Other taxes and payments assimilated	9Z	429 693	-13,6%	497 346	5343,8%	9 136
Total taxes and fees	YX	517 179	-9,4%	570 821	486,0%	97 411

VAT

		31/12/2012		31/12/2011		31/12/2010
Amount VAT collected	YY	13 898 877	-23,0%	18 042 015	8,2%	16 673 476
Total VAT on goods and services	YZ	13 901 939	10,3%	12 606 759	1004,7%	1 141 244

Average number of employees

		31/12/2012		31/12/2011		31/12/2010
Average number of employees	YP	100	-23,7%	131	-14,4%	153

Groups and Shareholders

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

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Fixed Asset Financing		1,73	-30,2%	2,48	14,3%	2,17	3,40	-49,1%
Global Debt		63 days	-19,2%	78 days	-47,7%	149 days	99 days	-36,4%
Working Capital Fund overall net		53 days	-32,1%	78 days	-38,6%	127 days	70 days	-24,3%
Financial independence		%	-	%	-	%	969,86%	-
More ratios
Solvability		62,53%	29,0%	48,48%	12,2%	43,22%	42,16%	48,3%
Capacity debt futures		%	-	%	-	%	2036,13%	-
Coverage of current assets by net working capital overall		43,23%	-26,8%	59,02%	-5,8%	62,67%	45,42%	-4,8%
General Liquidity		1,22	32,6%	0,92	53,3%	0,60	0,85	43,5%
Restricted Liquidity		1,27	30,9%	0,97	49,2%	0,65	1,30	-2,3%

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Need background in operating working capital		49 days	-32,9%	73 days	-38,7%	119 days	30 days	63,3%
Treasury		3 days	-25,0%	4 days	-42,9%	7 days	20,50days	-85,4%
Inventory turnover of goods		67 days	-11,8%	76 days	-46,1%	141 days	43,50days	54,0%
Average length of credit granted to customers		53 days	8,2%	49 days	-14,0%	57 days	64 days	-17,2%
Average length of credit obtained suppliers		11 days	-50,0%	22 days	-31,2%	32 days	56 days	-80,4%
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	-	days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1456 days	-
Rotation tangible assets		1607,86%	-24,2%	2122,57%	26,7%	1675,50%	2000,39%	-19,6%

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median2012
Margin trading		21,36%	-2,8%	21,98%	-3,9%	22,87	24,44%	-12,6%
Profitability of the business		1,03	-46,4%	1,92	51,2%	1,27	3,71%	-72,2%
Net profit		2,22%	128,4%	-7,81%	-665,7%	-1,02%	2,33%	-4,7%
More ratios
Growth rate of turnover (excluding VAT)		-18,06%	-416,3%	5,71%	-92,8%	78,89%	0%	0%
Rates integration		14,21%	1,5%	14%	4,9%	13,34%	25,01%	-43,2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		87,18%	7,4%	81,14%	-9,4%	89,52%	76,61%	13,8%
Weight interests		0,58	-4,9%	0,61%	-42,5%	1,06%	0,19%	205,3%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability		-0,20%	98,5%	-13,60%	-1600%	-0,80%	3,16%	-106,3%
Rates of economic profitability		3%	-50,0%	6%	200%	2%	15%	-80,0%
Financial profitability		19046800%	8,2%	17606209%	-26,0%	23801996%	148158%	12755,7%
Return on investment		9,53%	140,4%	-23,60%	-33814,3%	0,07%	12,11%	-21,3%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion 

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	64 964 522	-18,1%	79 281 508	5,7%	74 998 232	800 334 €	8017,2%

Sales of goods	62 436 564	-19,0%	77 093 862	4,6%	73 726 639
- Purchase of goods	44 922 813	-10,4%	50 111 639	-10,9%	56 265 005
+/- Stock of goods variation	3 637 132	-62,0%	9 559 059	3007,3%	307 629
Trading margin	13 876 619 €	-20,4%	17 423 164 €	1,6%	17 154 005 €	155 762 €	8808,9%
	21,36 % CA	-2,8%	21,98 % CA	-3,9%	22,87 % CA	25,10 % CA	-14,9%

Sale of goods produced	2 527 958	15,6%	2 187 646	72,0%	1 271 593
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	2 527 958 €	15,6%	2 187 646 €	72,0%	1 271 593 €	73 563 €	3336,5%
	3,89 % CA	40,9%	2,76 % CA	62,4%	1,70 % CA	11,90 % CA	-67,3%

Trading margin	13 876 619	-20,4%	17 423 164	1,6%	17 154 005	155 762	8808,9%
+ Period Production	2 527 958	15,6%	2 187 646	72,0%	1 271 593	73 563	3336,5%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	7 171 619	-15,8%	8 513 424	1,1%	8 423 069
Added value	9 232 958 €	-16,8%	11 097 386 €	10,9%	10 002 529 €	215 825 €	4178,0%
	14,21 % CA	1,5%	14,00 % CA	4,9%	13,34 % CA	25,01 % CA	-43,2%

Added value	9 232 958 €	-16,8%	11 097 386 €	10,9%	10 002 529 €	215 825 €	4178,0%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	517 179	-9,4%	570 821	486,0%	97 411
- Personal charges	8 049 416	-10,6%	9 004 450	0,6%	8 954 597
Gross operating surplus	666 363 €	-56,2%	1 522 115 €	60,1%	950 521 €	25 046 €	2560,6%
	1,03 % CA	-46,4%	1,92 % CA	51,2%	1,27 % CA	3,71 % CA	-72,2%

Gross operating surplus	666 363 €	-56,2%	1 522 115 €	60,1%	950 521 €	25 046 €	2560,6%
+ Release of reserves and provisions	0	0%	0	0%	0
+ Other operating income	0	0%	0	0%	0
- Depreciation/Amortisation	572 952	12,6%	508 715	-61,2%	1 310 064
- Other charges	0	0%	0	0%	0
Operating result	93 411 €	-90,8%	1 013 400 €	381,9%	-359 543 €	20 127 €	364,1%
	0,14 % CA	-89,1%	1,28 % CA	366,7%	-0,48 % CA	2,86 % CA	-95,1%

Operating result	93 411 €	-90,8%	1 013 400 €	381,9%	-359 543 €	20 127 €	364,1%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	343 654	71,3%	200 566	-50,7%	406 473
- Financial charges	374 277	-22,7%	483 954	-39,3%	796 703
Pre-tax result	62 788 €	-91,4%	730 012 €	197,4%	-749 773 €	19 460 €	222,7%
	0,10 % CA	-89,1%	0,92 % CA	192,0%	-1,00 % CA	3,02 % CA	-96,7%

Extraordinary income	1 317 839	0%	0	0%	4 782	100	1317739,0%
- Extraordinary charges	0	0%	6 289 783	0%	0
Extraordinary result	1 317 839 €	121,0%	-6 289 783 €	-131630,4%	4 782 €	0 €	0%
	2,03 % CA	125,6%	-7,93 % CA	-79400%	0 % CA	0 % CA	0%

Pre-tax result	62 788 €	-91,4%	730 012 €	197,4%	-749 773 €	19 460 €	222,7%
Extraordinary result	1 317 839 €	121,0%	-6 289 783 €	-131630,4%	4 782 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	-59 964	-109,4%	636 014	3002,5%	20 500
Net result	1 440 591 €	123,3%	-6 195 785 €	-709,4%	-765 491 €	16 955 €	8396,6%
	2,22 % CA	128,4%	-7,81 % CA	-665,7%	-1,02 % CA	2,33 % CA	-4,7%

Commentary

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

The shareholder's equity is 19,046,800 €

The ratio total assets to total liabilities is 2,67

The creditor days are 12.44

The increase of tangible fixed assets over the last two accounting periods is 19 %

The decrease in the gearing percentage over the last two accounting periods is 98 %

The net current assets are 20,802,669 €

The net turnover is 64,964,522 €

The total assets are 30,461,277 €

Industry code with low risk rating

Department code with low risk rating

The risk provisions are 131,079 €

The company has 2 director(s)

The liabilities are 11,283,398 €

The pre-tax profit is 1,380,627 €

The sales to current assets ratio is 3,12

The stock to turnover ratio is 11.98

The return on total assets employed is 4,53

High risk workforce size

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	18/09/2008
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	ANIXTER INTERNATIONAL INC
Direct parent	ANIXTER INTERNATIONAL INC - 99.99 %
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-

Group Structure

Go directly to the current company
Display only where participation % > 33 %
Display all participations
Company Name	SIREN	Parts	Last account published
ANIXTER INTERNATIONAL INC	-	-	-
ANIXTER FRANCE SARL	349968388	99.99%	31/12/2012

Shareholders

Type of shareholder

Shareholders

Linkages

Ultimate parent company	ANIXTER INTERNATIONAL INC
Direct parent	ANIXTER INTERNATIONAL INC - 99.99 %
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-

No Linkages information available for the company

event history

Status history

Date	Description
14/12/2012	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
29/08/2013	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 12342 - 349968388 RCS. ANIXTER FRANCE. Forme : Société à responsabilité limitée à associé unique. Adresse : 22 avenue des Nations Paris Nord 2 93420 Villepinte. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
13/01/2013	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 2164 - 349 968 388 RCS Bobigny. ANIXTER FRANCE. Forme : Société à responsabilité limitée à associé unique. Activité : .  Adresse du siège social : 22 avenue des Nations, Paris Nord 2, 93420 Villepinte.  Commentaires : Modification de l'adresse du siège.
14/12/2012	JAL	Head Office Transfer
Journal spécial des sociétés (Le) Date de décision : 14/12/2012 Transfert du siège social de la société 349968388 -  ANIXTER FRANCE SARL  Adresse du nouveau siège : 22 AVENUE DES NATIONS, 93420 VILLEPINTE Ancienne localisation : 89 RUE DES CHARDONNERETS, PARIS NORD II, BP 51008, 93290 TREMBLAY EN FRANCE Date d'effet : 14/12/2012
21/08/2012	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 12170 - 349968388 RCS. ANIXTER FRANCE. Forme : Société à responsabilité limitée à associé unique. Adresse : 89 rue des Chardonnerets Bp 51008 95945 Roissy Cdg 93290 Tremblay-en-France. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
08/12/2010	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 2227 - 349 968 388 RCS Bobigny. ANIXTER FRANCE. Forme : Société à responsabilité limitée à associé unique. Capital : 25510000 EUR. Activité : .  Commentaires : Modification du capital.
29/11/2010	JAL	Proposed merger
Journal spécial des sociétés (Le) Date de décision : 16/11/2010 Absorbant : 349968388 - ANIXTER FRANCE SARL, 89 RUE DES CHARDONNERETS, PARIS NORD II, BP 51008, 93290 TREMBLAY EN FRANCE Absorbé : 656180627 - SOFRASAR, SOFRASAR, 9 RUE GUTENBERG, BP N 535, 57200 SARREGUEMINES Date d'effet : 18/11/2010
24/11/2010	JAL	Proposed merger
Affiches d'Alsace et de Lorraine (Les Affiches - Le Moniteur) Date de décision : 16/11/2010 Absorbant : 349968388 - ANIXTER FRANCE SARL, 89 RUE DES CHARDONNERETS, PARIS NORD II, BP 51008, 93290 TREMBLAY EN FRANCE Absorbé : 656180627 - SOFRASAR, SOFRASAR, 9 RUE GUTENBERG, BP N 535, 57200 SARREGUEMINES Date d'effet : 01/01/2010
11/10/2010	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 13302 - 349968388 RCS. ANIXTER FRANCE. Forme : Société à responsabilité limitée à associé unique. Adresse : 89 rue des Chardonnerets Bp 51008 95945 Roissy Cdg 93290 Tremblay-en-France. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
31/12/2009	JAL	Modification of the share capital
LE JOURNAL SPECIAL DES SOCIETES Date de décision : 21/12/2009 La société : 349968388 - ANIXTER FRANCE SARL, 89 RUE DES CHARDONNERETS, PARIS NORD II, BP 51008, 93290 TREMBLAY EN FRANCE a subi une diminution de son capital social désormais de 15 510 000 €
31/12/2009	JAL	Modification of the share capital
LE JOURNAL SPECIAL DES SOCIETES Date de décision : 21/12/2009 La société : 349968388 - ANIXTER FRANCE SARL, 89 RUE DES CHARDONNERETS, PARIS NORD II, BP 51008, 93290 TREMBLAY EN FRANCE a subi une augmentation de son capital social désormais de 24 663 380 €
07/10/2009	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 9935 - 349968388 RCS. ANIXTER FRANCE. Forme : Société à responsabilité limitée. Adresse : 89 rue des Chardonnerets Bp 51008 95945 Roissy Cdg 93290 Tremblay-en-France. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
29/10/2008	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 5119 - 349 968 388 RCS Bobigny. ANIXTER FRANCE. Forme : Société à responsabilité limitée. Activité : exportation importation distribution commerce achat vente entretien réparation de câbles et des appareils électriques et électroniques des pièces détachées pour l'industrie aéronautique ainsi que tous produits et services s'y rapportant.  Commentaires : Modification de l'activité. Date de commencement de l’activité : 10/03/1989.
30/09/2008	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 9489 - 349968388 RCS. ANIXTER FRANCE. Forme : Société à responsabilité limitée. Adresse : 89 rue des Chardonnerets Bp 51008 95945 Roissy Cdg, 93290 Tremblay-en-France. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
11/12/2007	Bodacc C	Avis de dépôt des comptes
10324 - 349 968 388. RCS Bobigny ANIXTER FRANCE. Forme: Société à responsabilité limitée. Adresse du siège social: 89 rue des Chardonnerets Bp 51008 95945 Roissy Cdg, 93290 Tremblay-en-France. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
20/06/2007	Bodacc B	Modifications et mutations diverses
1755 - RCS Bobigny B 349 968 388. RC 94-B 2790. ANIXTER FRANCE. Forme : S.A.R.L. Capital : 15 510 000 euros. Commentaires : modification survenue sur le capital (augmentation).
20/04/2007	Bodacc B	Modifications et mutations diverses
2472 - RCS Bobigny B 349 968 388. RC 94-B 2790. ANIXTER FRANCE. Forme : S.A.R.L. Adresse du siège social : 89 rue des Chardonnerets, B.P. 51008, Roissy - Charles-de-Gaulle,, 93290 Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal. Etablissement principal - Adresse : 89 rue des Chardonnerets, B.P. 51008, Roissy - Charles-de-Gaulle, 93290
15/10/2006	Bodacc C	Avis de dépôt des comptes
4403 - RCS Bobigny B 349 968 388. RC 94-B 2790. ANIXTER FRANCE. Forme: S.A.R.L.. Adresse du siège social: Z.A.C. Paris Nord II Bp 50008, 67/69, rue des Chardonnerets,93290 Tremblay-en-France. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
20/10/2005	Bodacc C	Avis de dépôt des comptes
5103 - RCS Bobigny B 349 968 388. RC 94-B 2790. ANIXTER FRANCE. Forme: S.A.R.L.. Adresse du siège social: Z.A.C. Paris Nord II Bp 50008, 67/69, rue des Chardonnerets,93290 Tremblay-en-France. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
17/07/2003	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 349968388 RC 94-B 2790 ANIXTER FRANCE. Forme : S.A.R.L. Commentaires : modification survenue sur l'administration. Administration : gérant partant : VERSCHUEREN (Maurits). Nomination d'un cogérant : BERNARD ( Frédéric, Jean, André).
07/08/2001	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 349968388 RC 94-B 2790 ANIXTER FRANCE S.A. Forme : S.A.R.L. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification des gérants : VERSCHUEREN (Maurits) BANKS (William). Administrateur partant : LETHAM (Dennis).
17/12/2000	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 349968388 RC 94-B 2790 ANIXTER FRANCE S.A. Forme : S.A. Capital : 10 500 000 euros. Commentaires : modification survenue sur le capital ( diminution).
06/08/2000	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 349968388 RC 94-B 2790 ANIXTER FRANCE S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : directeur général et administrateur partant : BALENBOIS (Thierry). Modification du directeur général et administrateur : BANKS (William).
24/02/2000	Bodacc B	Modifications et mutations diverses
*. RCS Bobigny B 349 968 388 RC 94-B 2790 ANIXTER FRANCE S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : nomination en qualité de directeur général : BANKS (William).
21/03/1999	Bodacc A	Création d'établissement
RCS Nanterre B 420 454 829 RC 99-B 1136 NOMEA INTERNATIONAL. Forme : S.A. Adresse du siège social : 17 rue de la Baume 75008 Paris Etablissement principal: Activité : distribution de matériel de réseaux informatiques et prestations de services y afférentes. Adresse : 120 avenue Charles-de-Gaulle 92200 Neuilly- sur-Seine Etablissement principal acquis par achat au prix stipulé de 1 420 000 F Date de début d'activité: 2 octobre 1998. Précédent propriétaire : NOMEA INTERNATIONAL. RCS B 349 968 388 Publication légale: Les Annonces de la Seine du 22 février 1999. Oppositions : au fonds.
19/03/1999	Bodacc A	Création d'établissement
RCS *. RCS Nanterre B 349 968 388 NOMEA INTERNATIONAL. Forme : S.A. Capital : 250 000 F. Adresse du siège social : 17, rue de la Baume 75008 Paris Etablissement principal: Activité : dans le domaine de l'intégration de réseaux en France. Adresse : 120, avenue Charles-de-Gaulle 92200 Neuilly-sur-Seine Etablissement principal acquis par achat au prix stipulé de 1 420 000 F. Date d'effet : 5 octobre 1998. Précédent propriétaire : : ANIXTER FRANCE S.A. RCS RCS B 349 968 388 Publication légale: Les Annonces de la Seine du 22 février 1999. Oppositions : au fonds.
12/01/1999	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 349 968 388 RC 94-B 2790 ANIXTER FRANCE S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : directeur général non administrateur partant : MICHEL (Pierre).
16/01/1998	Bodacc B	Modifications et mutations diverses
RCS *. RCS Bobigny B 349 968 388 RC RC 94-B 2790 ANIXTER FRANCE S.A. Forme : S. A. Capital : 90 000 000 de F. Commentaires : modification survenue sur le capital ( augmentation).
26/08/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Bobigny B 349 968 388 RC RC 94-B 2790 ANIXTER FRANCE S.A. Forme : S.A. Administration : suppression : directeur général et administrateur : DUVAL ( Didier). Commentaires : modification survenue sur l'administration.
26/08/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Bobigny B 349 968 388 RC RC 94-B 2790 ANIXTER FRANCE S.A. Forme : S.A. Administration : suppression : administrateur : LOUDON (Jim). Nomination en qualité d'administrateur : LETHAM (Dennis). Commentaires : modification survenue sur l' administration.
25/07/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Bobigny B 349 968 388 RC RC 94-B 2790 ANIXTER FRANCE S.A. Forme : S.A. Administration : président du conseil d' administration et administrateur : VERSCHUEREN (Maurits) Directeurs généraux et administrateurs : BALENBOIS (Thierry) DUVAL (Didier). Directeur général non administrateur : MICHEL (Pierre). Administrateur : LOUDON (Jim). Commissaire aux comptes titulaire : CABINET H.S.D. S.A. Commissaire aux comptes suppléant : OUSOUF (Philippe). Commentaires : modification survenue sur l' administration.

Company events history

Date	Description
04/01/2014	Update Limit
04/01/2014	Update Rating
15/10/2013	Update Rating
15/10/2013	Update Limit
29/08/2013	Bodacc C : Deposit accounts notice
21/08/2013	Update Limit
21/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/07/2013	Update Limit
18/07/2013	Update Rating
03/05/2013	New ultimate parent
03/05/2013	New parent detected
13/01/2013	Bodacc B: Various editing or changing
04/01/2013	Amendment
04/01/2013	Updated articles of association
04/01/2013	Registered office transferred inside jurisdiction of the Commercial Court
31/12/2012	New accounts available
14/12/2012	Update of Company Head Office Identifier
14/12/2012	Transfer of Establishment
14/12/2012	Legal Gazette: Head Office Transfer
17/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
21/08/2012	Bodacc C : Deposit accounts notice
12/03/2012	Amendment
12/03/2012	Reconstitution of net assets
31/12/2011	New accounts available
23/12/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
25/07/2011	Partial contribution
07/01/2011	Merger
07/01/2011	Declaration of conformity
07/01/2011	Updated articles of association
07/01/2011	Amendment
07/01/2011	Minutes of general meeting of shareholders
31/12/2010	New accounts available
08/12/2010	Bodacc B: Various editing or changing
29/11/2010	Capital increase
29/11/2010	Minutes of general meeting of shareholders
29/11/2010	Updated articles of association
29/11/2010	Amendment
19/11/2010	Legal Gazette: Proposed merger
18/11/2010	Legal Gazette: Proposed merger
18/11/2010	Planned merger
11/10/2010	Bodacc C : Deposit accounts notice
25/06/2010	Extension of term
25/06/2010	Application and court order
05/03/2010	Amendment
05/03/2010	Updated articles of association
05/03/2010	Minutes of general meeting of shareholders
05/03/2010	Reconstitution of net assets
31/12/2009	New accounts available
21/12/2009	Legal Gazette: Modification of the share capital
12/10/2009	Acte modificatif
12/10/2009	Amendment
12/10/2009	Continuation malgré perte supérieure à la moitié du capital
12/10/2009	Continuation of business despite loss of equity
12/10/2009	Minutes of general meeting of shareholders
07/10/2009	Bodacc C : Deposit accounts notice
16/07/2009	Requête et Ordonnance
16/07/2009	Application and court order
16/07/2009	Extension of term
16/07/2009	Prorogation de durée
29/10/2008	New Bodacc B ads detected
29/10/2008	Bodacc B: Various editing or changing
20/10/2008	Amendment
20/10/2008	Acte modificatif
20/10/2008	Updated articles of association
20/10/2008	Statuts mis à jour
20/10/2008	Modification de l'objet social
20/10/2008	Change to corporate purpose
20/10/2008	Private document
20/10/2008	Minutes of general meeting of shareholders
30/09/2008	Bodacc C : Deposit accounts notice
18/09/2008	Collection of preferential rights activated for this company
31/12/2007	New accounts available
13/07/2007	Application and court order
13/07/2007	Requête et Ordonnance
13/07/2007	Prorogation de durée
13/07/2007	Extension of term
25/05/2007	Augmentation de Capital
25/05/2007	Capital increase
25/05/2007	Statuts mis à jour
25/05/2007	Certificat de dépôt des fonds
25/05/2007	Acte modificatif
25/05/2007	Minutes of general meeting of shareholders
25/05/2007	Fund deposit certificate
25/05/2007	Updated articles of association
25/05/2007	Private document
05/03/2007	Updated articles of association
05/03/2007	Statuts mis à jour
05/03/2007	Minutes of general meeting of shareholders
05/03/2007	PV d'Assemblée
05/03/2007	Private document
05/03/2007	Registered office transferred inside jurisdiction of the Commercial Court
05/03/2007	Transfert du Siège dans le ressort du Tribunal de Commerce
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
04/07/2003	PV d'Assemblée
04/07/2003	Acte sous seing privé
04/07/2003	Nomination/démission des organes de gestion
04/07/2003	Acte modificatif
04/07/2003	Changement de Gérant
23/07/2001	Statuts mis à jour
23/07/2001	PV d'Assemblée
23/07/2001	Changement de Forme Juridique avec changement de catégorie
23/07/2001	Changement de Forme Juridique sans changement de catégorie
23/07/2001	Acte modificatif
23/07/2001	Acte sous seing privé
23/07/2001	Nomination/démission des organes de gestion
06/07/2001	Rapport des Commissaires ou du Gérant
06/07/2001	Changement de Forme Juridique avec changement de catégorie
06/07/2001	Acte sous seing privé
01/12/2000	Statuts mis à jour
01/12/2000	Acte sous seing privé
01/12/2000	Conversion du Capital Social en Euros
01/12/2000	Réduction de Capital
01/12/2000	PV d'Assemblée
21/07/2000	Acte sous seing privé
21/07/2000	Modification du Conseil d'Administration
21/07/2000	Acte modificatif
21/07/2000	PV du Conseil d'Administration
21/07/2000	PV d'Assemblée
21/07/2000	Nomination/démission des organes de gestion
21/07/2000	Modification du système d'administration des S.A.
08/02/2000	Acte modificatif
08/02/2000	Nomination/démission des organes de gestion
08/02/2000	PV du Conseil d'Administration
08/02/2000	Acte sous seing privé
23/12/1998	Acte modificatif
23/12/1998	Acte sous seing privé
23/12/1998	Nomination/démission des organes de gestion
23/12/1998	PV du Conseil d'Administration
23/12/1998	Modification du Conseil d'Administration
31/12/1997	PV d'Assemblée
31/12/1997	Statuts mis à jour
31/12/1997	Rapport des Commissaires ou du Gérant
31/12/1997	Certificat de dépôt des fonds
31/12/1997	Augmentation de Capital
31/12/1997	Acte sous seing privé
08/08/1997	Acte modificatif
08/08/1997	Nomination/démission des organes de gestion
08/08/1997	Acte sous seing privé
08/08/1997	PV du Conseil d'Administration
08/08/1997	Modification du Conseil d'Administration
08/08/1997	PV d'Assemblée
11/07/1996	Acte modificatif
11/07/1996	PV du Conseil d'Administration
11/07/1996	Nomination/démission des organes de gestion
18/08/1994	PV du Conseil d'Administration
18/08/1994	Nomination/démission des organes de gestion
18/08/1994	Statuts mis à jour
18/08/1994	Statuts
18/08/1994	Immatriculation suite à transfert
18/08/1994	PV d'Assemblée
18/08/1994	Modification du Conseil d'Administration
07/07/1994	Transfert du Siège hors du ressort du Tribunal de Commerce
07/07/1994	Acte modificatif
07/07/1994	PV du Conseil d'Administration
18/08/1992	Nomination/démission des organes de gestion
18/08/1992	PV du Conseil d'Administration
18/08/1992	Déclaration de conformité
18/08/1992	PV d'Assemblée
18/08/1992	Statuts mis à jour
18/08/1992	Changement de Président (PDG, PCA)
18/08/1992	Acte modificatif
18/08/1992	Modification du Conseil d'Administration
11/02/1992	Nomination/démission des organes de gestion
11/02/1992	PV d'Assemblée
11/02/1992	Modification du Conseil d'Administration
11/02/1992	Acte modificatif
27/11/1991	Statuts mis à jour
27/11/1991	PV d'Assemblée
27/11/1991	Déclaration de conformité
27/11/1991	Réduction de Capital

Establishment events history

Date	Description
09/02/2014	Update Rating
21/08/2013	Update Limit
28/02/2013	Update of phone numbers
10/01/2013	Update Rating
14/12/2012	Formation of Head office (after transfer)

directors

Name	M. BANKS WILLIAM
Manager position	Manager	Date of birth	17/04/1952
Place of birth	HILLINGDON(ROYAUME-UNI)
Type	Individual	Name at birth

Name	M. BERNARD FREDERIC JEAN ANDRE
Manager position	Manager	Date of birth	21/09/1959
Place of birth	NIAMEY(NIGER)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Manager	M WILLIAM BANKS	- - HILLINGDON(ROYAUME-UNI)
Co-managing partner	M FREDERIC JEAN ANDRE BERNARD	- - NIAMEY(NIGER)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.86
UK Pound	1	Rs.103.52
Euro	1	Rs.85.31

INFORMATION DETAILS

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.