MIRA INFORM REPORT

Report Date :

13.05.2014

IDENTIFICATION DETAILS

Name :	HENNEDROG
Registered Office :	23 BD Marie Joseph 13015 Marseille 15
Country :	France
Financials (as on) :	30.06.2013
Date of Incorporation :	May 1973
Com. Reg. No.:	7 073 803 785
Legal Form :	Limited Liability Company
Line of Business :	Wholesale of various specialized food
No. of Employees :	08

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 compliants
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.

FRANCE ECONOMIC OVERVIEW

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

Source : CIA

Company name and address

REGISTERED NAME & COMPANY SUMMARY

Name

HENNEDROG

SIRET

073 803 785 00028

Personal comment

company summary

EUR VAT Number	FR40073803785
Activity (APE)	Wholesale (intercompany trade) various specialized food (4638B)	Legal form	Limited Liability Company
Phone	04 91 02 80 90	RCS Registration	RCS Marseille 7 073 803 785
Fax
Address	HENNEDROG 23 BD MARIE JOSEPH 13015 MARSEILLE 15	Incorporated Date	05/1973
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Directors

Name	M. BENSOUSSAN ALAIN
Manager position	Manager	Date of birth	02/01/1958
Place of birth	AIN TEMOUCHENT(ALGERIE)
Type	Individual	Name at birth

Previous Directors

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

Manager position	Title and name	Date of Birth/Place of Birth
Manager	M ALAIN BENSOUSSAN	02/01/1958 - AIN TEMOUCHENT ALGERIE

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

150,380 Euros

Shareholders

No Shareholders available for this company

PAYMENT INFORMATION

N/a

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

No group information available for the company

Linkages

No Linkages information available for the company

FINANCIAL INFORMATION

Trading to Date	06/30/2013	06/30/2012	06/30/2011
Turnover	4,969,487 €	4,907,689 €	4,538,684 €
Gross Operating Surplus	10,96 % Turnover	9,99 % Turnover	9,03 % Turnover
Shareholders’ equity	1,266,567 €	911,102 €	1,287,396 €
Net result	355,465 €	323,706 €	249,257 €

Financial data

Accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/06/2013	30/06/2012	30/06/2011
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	17/12/2013	20/02/2013	16/02/2012
Activity Code	4638B	4638B	4638B
Employees	8	0	0

Active account

Annual Accounts	30/06/2013		30/06/2012		30/06/2011	Sector Median 2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	161 113	14,2%	141 024	-8,6%	154 321	48 501,50	232,2%
- Intangible assets	33 136	0%	33 136	0%	33 136	1 099,50	2913,7%
- Tangible assets	45 066	80,4%	24 977	-34,7%	38 259	13 773,50	227,2%
- Financial assets	82 911	0%	82 911	0,0%	82 926	1 687,50	4813,2%
Net current assets	2 258 878	6,8%	2 115 601	12,6%	1 878 487	281 234	703,2%
- Stocks	409 417	2,7%	398 699	51,3%	263 589	48 880	737,6%
- Advanced payments	0	6,8%	0	0%	0	0	0%
- Receivables	435 808	42,1%	306 664	-19,8%	382 140	113 724,50	283,2%
- Securities and cash	1 413 653	0,2%	1 410 238	14,4%	1 232 758	53 076	2563,5%
- Prepaid expenses	-	-	-	-	-	615	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	2 419 990	7,2%	2 256 625	11,0%	2 032 806	375 473	544,5%

Passive Account

Annual Accounts	30/06/2013		30/06/2012		30/06/2011	Sector Median 2013
Shareholders' equity	1 266 567	39,0%	911 102	-29,2%	1 287 396	137 057,50	824,1%
Share capital	150 380	0%	150 380	0%	150 380	16 705,50	800,2%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	1 153 423	-14,3%	1 345 522	80,5%	745 410	213 266,50	440,8%
- Financial liabilities	348 699	-40,7%	588 328	154,4%	231 305	29 606	1077,8%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	725 254	8,9%	665 852	50,3%	442 913	76 719,50	845,3%
- Tax and social liabilities	79 056	-13,3%	91 223	33,5%	68 313	50 034	58,0%
- Other debts and fixed assets liabilities	414	247,9%	119	-95,9%	2 880	4 802,50	-91,4%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	2 419 991	7,2%	2 256 625	11,0%	2 032 806	375 473	544,5%

Results

Annual Accounts	30/06/2013		30/06/2012		30/06/2011	Sector Median 2013
Sales of Goods	4 995 728	1,3%	4 931 752	7,8%	4 576 903	875 825,50	470,4%
Net turnover	4 969 487	1,3%	4 907 689	8,1%	4 538 684	874 471,50	468,3%
- of which net export turnover	441 885	-15,1%	520 462	36,3%	381 743	0	0%
Operating charges	4 471 265	0,3%	4 458 703	5,6%	4 222 628	831 871	437,5%
Operating profit/loss	524 463	10,9%	473 049	33,5%	354 274	20 481,50	2460,7%
Financial income	2 476	-54,2%	5 410	61,0%	3 360	99	2401,0%
Financial charges	3 284	11,9%	2 934	-16,2%	3 503	1 001	228,1%
Financial profit/loss	-808	-132,6%	2 476	1843,7%	-142	-285	-183,5%
Pretax net operating income	523 655	10,1%	475 525	34,3%	354 132	18 842	2679,2%
Extraordinary income	0	0%	15	-99,9%	14 500	4,50	0%
Extraordinary charges	195	-2,5%	200	-97,3%	7 455	248	-21,4%
Extraordinary profit/loss	-195	-5,4%	-185	-102,6%	7 045	0	0%
Net result	355 465	9,8%	323 706	29,9%	249 257	16 069,50	2112,0%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/06/2013	30/06/2012	30/06/2011
Months	12	12	12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		30/06/2013		30/06/2012		30/06/2011
Grand Total (I to VI)	Net	2 419 990	7,2%	2 256 625	11,0%	2 032 806
Gross	CO	2 742 848	6,6%	2 573 553	9,3%	2 355 469
Amortisation	1A	322 858	1,9%	316 928	-1,8%	322 663

Non declared distributed capital (I)

		30/06/2013		30/06/2012		30/06/2011
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		30/06/2012		30/06/2011
Total Active fixed asset (II)	Net	161 113	14,2%	141 024	-8,6%	154 321
Gross	BJ	466 809	6,9%	436 656	0,2%	435 971
Amortisation	BK	305 696	3,4%	295 632	5,0%	281 650

Intangible fixed assets

			30/06/2013		30/06/2012		30/06/2011
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	33 136	0%	33 136	0%	33 136
	Gross	AF	36 543	0%	36 543	0%	36 543
	Amortisation	AG	3 407	0%	3 407	0%	3 407
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	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	33 136	0%	33 136	0%	33 136

Tangible fixed assets

		30/06/2013		30/06/2012		30/06/2011
Lands	Net	0	0%	0	0%	0
Gross	AN	0	0%	0	0%	0
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	17 997	510,9%	2 946	-19,3%	3 650
Gross	AP	233 989	7,3%	217 972	0%	217 972
Amortisation	AQ	215 992	0,4%	215 026	0,3%	214 322
Plant	Net	1 620	0%	0	0%	0
Gross	AR	22 051	10,0%	20 051	0%	20 051
Amortisation	AS	20 431	1,9%	20 051	0%	20 051
Other tangible fixed assets	Net	25 449	15,5%	22 031	-36,3%	34 609
Gross	AT	91 315	15,3%	79 179	0,9%	78 479
Amortisation	AU	65 866	15,3%	57 148	30,3%	43 870
Fixed assets in construction	Net	0	0%	0	0%	0
Gross	AV	0	0%	0	0%	0
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	0
Gross	AX	0	0%	0	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	45 066		24 977		38 259

Financial assets

		30/06/2013		30/06/2012		30/06/2011
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	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%	15
Gross	BD	0	0%	0	0%	15
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	82 911	0%	82 911	0%	82 911
Gross	BH	82 911	0%	82 911	0%	82 911
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		82 911		82 911		82 926

Current Assets (III)

		30/06/2013		30/06/2012		30/06/2011
Total Assets	Net	2 258 878	6,8%	2 115 601	12,6%	1 878 487
Gross	CJ	2 276 039	6,5%	2 136 898	11,3%	1 919 500
Amortisation	CK	17 161	-19,4%	21 297	-48,1%	41 013

Stocks

		30/06/2013		30/06/2012		30/06/2011
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	409 417	2,7%	398 699	51,3%	263 589
Gross	BT	409 417	2,7%	398 699	51,3%	263 589
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	409 417	2,7%	398 699	51,3%	263 589

Advance payments to suppliers

		30/06/2013		30/06/2012		30/06/2011
Advance payments to suppliers	Net	0	0%	0	0%	0
Gross	BV	0	0%	0	0%	0
Amortisation	BW	0	0%	0	0%	0

Debtors

		30/06/2013		30/06/2012		30/06/2011
Trade accounts receivable	Net	420 061	44,0%	291 643	-20,7%	367 819
Gross	BX	437 222	39,7%	312 940	-23,5%	408 832
Amortisation	BY	17 161	-19,4%	21 297	-48,1%	41 013
Other debtors	Net	9 707	0,5%	9 662	3,5%	9 335
Gross	BZ	9 707	0,5%	9 662	3,5%	9 335
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	429 768	42,6%	301 305	-20,1%	377 154

Divers

		30/06/2013		30/06/2012		30/06/2011
Investment securities	Net	300 000	0%	300 000	0%	300 000
Gross	CD	300 000	0%	300 000	0%	300 000
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	1 113 653	0,3%	1 110 238	19,0%	932 758
Gross	CF	1 113 653	0,3%	1 110 238	19,0%	932 758
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	1 413 653	0,2%	1 410 238	14,4%	1 232 758

Prepaid expenses

		30/06/2013		30/06/2012		30/06/2011
Prepaid expenses	Net	6 040	12,7%	5 359	7,5%	4 986
Gross	CH	6 040	12,7%	5 359	7,5%	4 986
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/06/2013		30/06/2012		30/06/2011
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		30/06/2013		30/06/2012		30/06/2011
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		30/06/2013		30/06/2012		30/06/2011
Grand Total (I to V)	EE	2 419 991	7,2%	2 256 625	11,0%	2 032 806

Shareholder Equity (I)

		30/06/2013		30/06/2012		30/06/2011
Total shareholders' equity (Total I)	DL	1 266 567	39,0%	911 102	-29,2%	1 287 396
Equity and shareholders' equity	DA	150 380	0%	150 380	0%	150 380
Issue and merger premiums	DB	41 470	0%	41 470	0%	41 470
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	15 038	0%	15 038	0%	15 038
Statutory or contractual reserve	DE	349 327	0%	349 327	0%	349 327
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	354 887	1038,2%	31 181	-93,5%	481 924
Profit or loss for the period	DI	355 465	9,8%	323 706	29,9%	249 257
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		30/06/2013		30/06/2012		30/06/2011
Total other capital resources (Total II)	DO	0	0%	0	0%	0
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

		30/06/2013		30/06/2012		30/06/2011
Total provisions for risks and charges (Total III)	DR	0	0%	0	0%	0
Risk provisions	DP	0	0%	0	0%	0
Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

		30/06/2013		30/06/2012		30/06/2011
Total Liabilities (Total IV)	EC	1 153 423	-14,3%	1 345 522	80,5%	745 410
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	09	0%	0	0%	24
Sundry loans and financial liabilities	DV	348 690	-40,7%	588 328	154,4%	231 281
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	0	0%	0	0%	0
Trade accounts payables	DX	725 254	8,9%	665 852	50,3%	442 913
Tax and social security liabilities	DY	79 056	-13,3%	91 223	33,5%	68 313
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	414	247,9%	119	-95,9%	2 880

Translation loss (V)

		30/06/2013		30/06/2012		30/06/2011
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		30/06/2013		30/06/2012		30/06/2011
Deferred income	EB	0	0%	0	0%	0

References

		30/06/2013		30/06/2012		30/06/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	745 410
Of which current bank facilities	EH	0	0%	0	0%	24

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		30/06/2012		30/06/2011
Operating result (Total I-II)	GG	524 463	10,9%	473 049	33,5%	354 274

2 - Financial result (V - VI)

		30/06/2013		30/06/2012		30/06/2011
Financial result (Total V-VI)	GV	-808	-132,6%	2 476	1843,7%	-142

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

		30/06/2013		30/06/2012		30/06/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	523 655	10,1%	475 525	34,3%	354 132

4 - Extraordinary result (VII-VIII)

		30/06/2013		30/06/2012		30/06/2011
Extraordinary result (Total VII-VIII)	HI	-195	-5,4%	-185	-102,6%	7 045

Profit or loss

		30/06/2013		30/06/2012		30/06/2011
Profit or loss	HN	355 465	9,8%	323 706	29,9%	249 257

Total Income (I+III+V+VII)

		30/06/2013		30/06/2012		30/06/2011
Total Income (I+III+V+VII)	HL	4 998 204	1,2%	4 937 177	7,5%	4 594 763

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

		30/06/2013		30/06/2012		30/06/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	4 642 740	0,6%	4 613 471	6,2%	4 345 506

Operating income (I)

		30/06/2013		30/06/2012		30/06/2011
Total operating income (Total I)	FR	4 995 728	1,3%	4 931 752	7,8%	4 576 903

Operating income (details)

		30/06/2013		30/06/2012		30/06/2011
Sale of goods for resale	FC	4 912 475	1,4%	4 846 981	8,0%	4 489 823
France	FA	4 470 620	3,3%	4 326 550	5,3%	4 108 114
Export	FB	441 855	-15,1%	520 431	36,3%	381 709
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	57 012	-6,1%	60 708	24,2%	48 861
France	FG	56 982	-6,1%	60 677	24,3%	48 827
Export	FH	30	-3,2%	31	-8,8%	34
Net turnover	FL	4 969 487	1,3%	4 907 689	8,1%	4 538 684
France	FJ	4 527 602	3,2%	4 387 227	5,5%	4 156 941
Export	FK	441 885	-15,1%	520 462	36,3%	381 743
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	0	0%	224
Release of reserves and provisions	FP	26 088	8,6%	24 016	-36,0%	37 517
Other income	FQ	153	225,5%	47	-90,2%	478

Operating charges (II)

		30/06/2013		30/06/2012		30/06/2011
Total operating charges (Total II)	GF	4 471 265	0,3%	4 458 703	5,6%	4 222 628

Exploitation charges

		30/06/2013		30/06/2012		30/06/2011
Purchase of goods for resale	FS	3 665 278	-3,3%	3 791 256	12,3%	3 375 793
Change in stocks of goods for resale	FT	-10 718	92,1%	-135 110	-321,8%	-32 034
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	249 171	3,2%	241 355	-0,6%	242 797
Tax, duty and similar payments	FX	46 471	18,6%	39 185	-14,1%	45 630
Payroll	FY	329 897	-1,4%	334 672	-0,7%	337 139
Social security costs	FZ	144 675	-0,9%	145 955	-8,6%	159 696

Depreciation

		30/06/2013		30/06/2012		30/06/2011
Depreciation of fixed assets	GA	13 429	-4,0%	13 982	8,0%	12 942
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	11 733	172,9%	4 299	-83,9%	26 669
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		30/06/2013		30/06/2012		30/06/2011
Other charges	GE	21 329	-7,7%	23 109	-57,2%	53 997

Operating charges (III-IV)

		30/06/2013		30/06/2012		30/06/2011
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

		30/06/2013		30/06/2012		30/06/2011
Total financial income (Total V)	GP	2 476	-54,2%	5 410	61,0%	3 360
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	1 016	-80,1%	5 107	52,0%	3 360
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	1 460	381,8%	303	0%	0
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		30/06/2013		30/06/2012		30/06/2011
Total financial charge (Total VI)	GU	3 284	11,9%	2 934	-16,2%	3 503
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	2 985	1,7%	2 934	-15,4%	3 470
Exchange losses	GS	299	0%	0	0%	33
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		30/06/2013		30/06/2012		30/06/2011
Total extraordinary income (Total VII)	HD	0	0%	15	-99,9%	14 500
Extraordinary operating income	HA	0	0%	0	0%	0
Extraordinary income from capital transactions	HB	0	0%	15	-99,9%	14 500
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		30/06/2013		30/06/2012		30/06/2011
Total extraordinary charges (Total VIII)	HH	195	-2,5%	200	-97,3%	7 455
Extraordinary operating charges	HE	195	5,4%	185	105,6%	90
Extraordinary charges from capital transactions	HF	0	0%	15	-99,8%	7 365
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		30/06/2013		30/06/2012		30/06/2011
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		30/06/2013		30/06/2012		30/06/2011
Tax on profits (Total X)	HK	167 996	10,8%	151 634	35,5%	111 920

References

		30/06/2013		30/06/2012		30/06/2011
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	1 590
Of which trader's own contributions	A2	0	0%	0	0%	79 952
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		30/06/2012		30/06/2011
Gross value at begin of period	OG	0	0%	0	0%	0
Increases due to revaluation	OH	0	0%	0	0%	0
Decreases, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreases by budget item transfer	OK1	0	0%	0	0%	0
Decreases by transfers	OK2	0	0%	15	-99,9%	18 500
Gross value at the end of period	OL	0	0%	436 656	0,2%	435 971

Research and development Charge (Total I)

		30/06/2013		30/06/2012		30/06/2011
Gross value at begin of period	CZ	0	0%	0	0%	0
Increases due to revaluation	KB	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreases by budget item transfer	C01	0	0%	0	0%	0
Decreases 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		30/06/2012		30/06/2011
Gross value at begin of period	KD	0	0%	36 543	0%	36 543
Increases due to revaluation	KE	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KF	0	0%	0	0%	0
Decreases by budget item transfer	LV1	0	0%	0	0%	0
Decreases by transfers	LV2	0	0%	0	0%	0
Gross value at the end of period	LW	0	0%	36 543	0%	36 543

Tangible fixed assets (Total III)

		30/06/2013		30/06/2012		30/06/2011
Gross value at begin of period	LN	0	0%	316 503	0,8%	313 903
Increases due to revaluation	LO	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LP	0	0%	700	-96,7%	21 100
Decreases by budget item transfer	NG1	0	0%	0	0%	0
Decreases by transfers	NG2	0	0%	0	0%	18 500
Gross value at the end of period	NH	0	0%	317 203	0,2%	316 503

Financial assets (Total IV)

		30/06/2013		30/06/2012		30/06/2011
Gross value at begin of period	LQ	0	0%	82 926	0,0%	82 911
Increases due to revaluation	LR	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LS	0	0%	0	0%	15
Decreases by budget item transfer	NJ1	0	0%	0	0%	0
Decreases by transfers	NJ2	0	0%	15	0%	0
Gross value at the end of period	NK	0	0%	82 911	0,0%	82 926

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

			30/06/2013		30/06/2012		30/06/2011
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreases		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		30/06/2012		30/06/2011
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreases		PC	0	0%	0	0%	0
	Decreases by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			30/06/2013		30/06/2012		30/06/2011
	Reserve for depreciation value at begin of period	PE	3 407	0%	3 407	4,6%	3 256
Increases		PF	0	0%	0	0%	151
Decreases		PG	0	0%	0	0%	0
	Decreases by budget item transfer	PH	3 407	0%	3 407	0%	3 407

Total fixed assets amortisation (Total III)

			30/06/2013		30/06/2012		30/06/2011
	Reserve for depreciation value at begin of period	QU	292 224	5,0%	278 243	0,6%	276 587
Increases		QV	13 429	-4,0%	13 982	9,3%	12 791
Decreases		QW	3 364	0%	0	0%	11 135
	Decreases by budget item transfer	QX	302 289	3,4%	292 225	5,0%	278 243

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			30/06/2013		30/06/2012		30/06/2011
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreases by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			30/06/2013		30/06/2012		30/06/2011
	Net value at beginning 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		30/06/2012		30/06/2011
	Value at beginning of period	7C	21 297	-48,1%	41 013	-18,6%	50 364
Increases		UB	11 733	172,9%	4 299	-83,9%	26 669
Decreases		UC	15 869	-33,9%	24 016	-33,3%	36 020
	Value at the end of period	UD	17 161	-19,4%	21 296	-48,1%	41 013

Includes Total allocations

Operating	UE	0	0%	4 299	-83,9%	26 669
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	24 016	-33,3%	36 020
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			30/06/2013		30/06/2012		30/06/2011
	Value at beginning 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)

			30/06/2013		30/06/2012		30/06/2011
	Value at beginning of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			30/06/2013		30/06/2012		30/06/2011
	Value at beginning of period	7B	21 297	-48,1%	41 013	-18,6%	50 364
Increases		TY	11 733	172,9%	4 299	-83,9%	26 669
Decreases		TZ	15 869	-33,9%	24 016	-33,3%	36 020
	Value at the end of period	UA	17 161	-19,4%	21 296	-48,1%	41 013

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

		30/06/2013		30/06/2012		30/06/2011
Gross value	VT	535 880	30,4%	410 871	-18,8%	506 063
1 year at most	VU	535 880	30,4%	410 871	-18,8%	506 063
More than one year	VV	0	0%	0	0%	0

State of loans

		30/06/2013		30/06/2012		30/06/2011
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	82 911	0%	82 911	0%	82 911
Other financial assets (1 year at most)	UV	82 911	0%	82 911	0%	82 911

Receivables statement of assets

		30/06/2013		30/06/2012		30/06/2011
Customers doubtful or disputed	VA	29 582	2,5%	28 862	-53,1%	61 533
Other claims customer	UX	407 640	43,5%	284 078	-18,2%	347 299
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%	303	225,8%	93
Social Security and other social organizations	UZ	1 683	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	7 009	0,8%	6 954	-2,8%	7 155
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	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	1 015	-57,8%	2 404	15,2%	2 087

Prepaid

		30/06/2013		30/06/2012		30/06/2011
Prepaid	VS	6 040	12,7%	5 359	7,5%	4 986

State Debt

			30/06/2013		30/06/2012		30/06/2011
	Total debt (gross)	VY	1 153 423	-14,3%	1 345 522	80,5%	745 410
1 year at most		VZ2	1 153 423	-14,3%	1 345 522	80,5%	745 410
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

			30/06/2013		30/06/2012		30/06/2011
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	09	0%	0	0%	24
1 year at most		VG2	09	0%	0	0%	24
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	725 254	8,9%	665 852	50,3%	442 913
1 year at most		8B2	725 254	8,9%	665 852	50,3%	442 913
More than 1 year and 5 years at most		8B3	725 254	8,9%	665 852	50,3%	442 913
	Personnel and associated accounts (gross)	8C1	17 826	-13,1%	20 524	1,8%	20 165
1 year at most		8C2	17 826	-13,1%	20 524	1,8%	20 165
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	28 797	28,6%	22 394	-6,0%	23 820
1 year at most		8D2	28 797	28,6%	22 394	-6,0%	23 820
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	13 124	-61,7%	34 222	1045,3%	2 988
1 year at most		8E2	13 124	-61,7%	34 222	1045,3%	2 988
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	12 581	88,9%	6 660	-47,4%	12 652
1 year at most		VW2	12 581	88,9%	6 660	-47,4%	12 652
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	6 729	-9,3%	7 422	-14,6%	8 688
1 year at most		VQ2	6 729	-9,3%	7 422	-14,6%	8 688
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	348 690	-40,7%	588 328	154,4%	231 281
1 year at most		VI2	348 690	-40,7%	588 328	154,4%	231 281
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	414	247,9%	119	-95,9%	2 880
1 year at most		8K2	414	247,9%	119	-95,9%	2 880
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		30/06/2012		30/06/2011
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

		30/06/2013		30/06/2012		30/06/2011
Dividends	ZE	0	0%	0	0%	0

Commitments

		30/06/2013		30/06/2012		30/06/2011
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		30/06/2013		30/06/2012		30/06/2011
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		30/06/2013		30/06/2012		30/06/2011
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		30/06/2013		30/06/2012		30/06/2011
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		30/06/2013		30/06/2012		30/06/2011
Average number of employees	YP	08	0%	0	0%	0

Groups and Shareholders

		30/06/2013		30/06/2012		30/06/2011
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	30/06/2013		30/06/2012		30/06/2011	Sector Median 2013
Fixed Asset Financing	4,12	0,2%	4,11	-0,5%	4,13	2,17	89,9%
Global Debt	84 days	-15,2%	99 days	67,8%	59 days	80 days	5,0%
Working Capital Fund overall net	105 days	5,0%	100 days	-7,4%	108 days	51 days	105,9%
Financial independence	14072966,67%	-	%	-	5364150%	330,35%	4259917,2%
More ratios
Solvability	52,34%	29,7%	40,37%	-36,3%	63,33%	39,43%	32,7%
Capacity debt futures	14072966,67%	-	%	-	5364150%	845,75%	1663863,0%
Coverage of current assets by net working capital overall	56,58%	1,3%	55,87%	-9,3%	61,61%	45,05%	25,6%
General Liquidity	0,46	48,4%	0,31	-54,4%	0,68	0,70	-34,3%
Restricted Liquidity	1,69	25,2%	1,35	-42,1%	2,33	1,08	56,5%

Management or rotation

	30/06/2013		30/06/2012		30/06/2011	Sector Median 2013
Need background in operating working capital	3 days	175,0%	-4 days	-140,0%	10 days	17,50 days	-82,9%
Treasury	102 days	-1,0%	103 days	5,1%	98 days	11 days	827,3%
Inventory turnover of goods	40 days	2,6%	39 days	39,3%	28 days	33 days	21,2%
Average length of credit granted to customers	32 days	39,1%	23 days	-28,1%	32 days	38 days	-15,8%
Average length of credit obtained suppliers	67 days	8,1%	62 days	40,9%	44 days	42 days	59,5%
More ratios
Inventory turnover of raw materials in industrial enterprises	0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	835 days	-
Rotation tangible assets	%	-	1547,18%	7,9%	1434,01%	1475,03%	-

Profitability of the business

	30/06/2013		30/06/2012		30/06/2011	Sector Median 2013
Margin trading	25,31%	4,3%	24,26%	-3,9%	25,25	24,81%	2,0%
Profitability of the business	10,96	9,7%	9,99	10,6%	9,03	3,40%	222,4%
Net profit	7,15%	8,3%	6,60%	20,2%	5,49%	1,77%	304,0%
More ratios
Growth rate of turnover (excluding VAT)	1,26%	-84,5%	8,13%	993,4%	-0,91%	3,12%	-59,6%
Rates integration	21,45%	4,2%	20,58%	-1,9%	20,98%	16,60%	29,2%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	44,53%	-6,4%	47,58%	8,7%	43,78%	65,26%	-31,8%
Weight interests	0,07	16,7%	0,06%	-25,0%	0,08%	0,11%	-36,4%

Return on capital

	30/06/2013		30/06/2012		30/06/2011	Sector Median 2013
Cash flow from the overall profitability	7,42%	16,1%	6,39%	32,3%	4,83%	2,82%	163,1%
Rates of economic profitability	34%	3,0%	33%	22,2%	27%	17,89%	90,1%
Financial profitability	1266567%	39,0%	911102%	-29,2%	1287396%	112888,50%	1022,0%
Return on investment	22,21%	2,0%	21,78%	30,9%	16,64%	11,05%	101,0%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/06/2013		30/06/2012		30/06/2011	Sector Median 2013
Turnover	4 969 487	1,3%	4 907 689	8,1%	4 538 684	874 472 €	468,3%

Sales of goods	4 912 475	1,4%	4 846 981	8,0%	4 489 823
- Purchase of goods	3 665 278	-3,3%	3 791 256	12,3%	3 375 793
+/- Stock of goods variation	-10 718	92,1%	-135 110	-321,8%	-32 034
Trading margin	1 257 915 €	5,6%	1 190 835 €	3,9%	1 146 064 €	211 865 €	493,7%
	25,31 % CA	4,3%	24,26 % CA	-3,9%	25,25 % CA	24,94 % CA	1,5%

Sale of goods produced	57 012	-6,1%	60 708	24,2%	48 861
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	57 012 €	-6,1%	60 708 €	24,2%	48 861 €	6 854,50 €	731,7%
	1,15 % CA	-7,3%	1,24 % CA	14,8%	1,08 % CA	0,80 % CA	43,8%

Trading margin	1 257 915	5,6%	1 190 835	3,9%	1 146 064	211 865	493,7%
+ Period Production	57 012	-6,1%	60 708	24,2%	48 861	6 854,50	731,7%
- 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	249 171	3,2%	241 355	-0,6%	242 797
Added value	1 065 756 €	5,5%	1 010 188 €	6,1%	952 128 €	148 240,50 €	618,9%
	21,45 % CA	4,2%	20,58 % CA	-1,9%	20,98 % CA	16,60 % CA	29,2%

Added value	1 065 756 €	5,5%	1 010 188 €	6,1%	952 128 €	148 240,50 €	618,9%
+ Operating grants	0	0%	0	0%	224
- Tax, duty and similar payments	46 471	18,6%	39 185	-14,1%	45 630
- Personal charges	474 572	-1,3%	480 627	-3,3%	496 835
Gross operating surplus	544 713 €	11,1%	490 376 €	19,6%	409 887 €	28 630 €	1802,6%
	10,96 % CA	9,7%	9,99 % CA	10,6%	9,03 % CA	3,40 % CA	222,4%

Gross operating surplus	544 713 €	11,1%	490 376 €	19,6%	409 887 €	28 630 €	1802,6%
+ Release of reserves and provisions	26 088	8,6%	24 016	-36,0%	37 517
+ Other operating income	153	225,5%	47	-90,2%	478
- Depreciation/Amortisation	25 162	37,6%	18 281	-53,8%	39 611
- Other charges	21 329	-7,7%	23 109	-57,2%	53 997
Operating result	524 463 €	10,9%	473 049 €	33,5%	354 274 €	20 481,50 €	2460,7%
	10,55 % CA	9,4%	9,64 % CA	23,4%	7,81 % CA	2,29 % CA	360,7%

Operating result	524 463 €	10,9%	473 049 €	33,5%	354 274 €	20 481,50 €	2460,7%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	2 476	-54,2%	5 410	61,0%	3 360
- Financial charges	3 284	11,9%	2 934	-16,2%	3 503
Pre-tax result	523 655 €	10,1%	475 525 €	34,3%	354 131 €	18 842 €	2679,2%
	10,54 % CA	8,8%	9,69 % CA	24,2%	7,80 % CA	2,20 % CA	379,1%

Extraordinary income	0	0%	15	-99,9%	14 500	4,50	0%
- Extraordinary charges	195	-2,5%	200	-97,3%	7 455
Extraordinary result	-195 €	-5,4%	-185 €	-102,6%	7 045 €	0 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	523 655 €	10,1%	475 525 €	34,3%	354 131 €	18 842 €	2679,2%
Extraordinary result	-195 €	-5,4%	-185 €	-102,6%	7 045 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	167 996	10,8%	151 634	35,5%	111 920
Net result	355 464 €	9,8%	323 706 €	29,9%	249 256 €	15 977,50 €	2124,8%
	7,15 % CA	8,3%	6,60 % CA	20,2%	5,49 % CA	1,77 % CA	304,0%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Employees

6 to 9 employees

-

-

Company details

Activity (APE)	Wholesale (intercompany trade) various specialized food (4638B)
RCS Registration	RCS Marseille 7 073 803 785	Share capital	150,380 Euros
Registration Court	Marseille (13)	Legal form	Limited Liability Company
Court Registry Number	19 7 3B00378	EUR VAT Number	FR40073803785
Incorporation Date	05/1973	Formation Date	01/1973
Deregistration Date		Last account Date	30/06/2013
Nationality	France

Establishment details

Activity (APE)	Wholesale (intercompany trade) various specialized food (4638B)	Business Pages FT®	ALIMENTATION GENERALE (GROS)
Postal Address	HENNEDROG 23 BD MARIE JOSEPH 13015 MARSEILLE 15	Trading Address	23 BOULEVARD MARIE JOSEPH 13015 MARSEILLE 15
Telephone	04 91 02 80 90
Fax

Type	Head office (one site company)	Status	Economically active
Formation Date	03/1983	Reason for formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Bouches-du-Rhône (13)	Region	Côte d'Azur
District	3	Area	99
City	MARSEILLE 15	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	1 branch entities in this company
Head office	> HENNEDROG <<<  - Wholesale (intercompany trade) various specialized food (4638B)
Secondary establishments

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

6 to 9 employees

Company workforce

6 to 9 employees

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
10/01/2014	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 1091 - 073803785 RCS. HENNEDROG. Forme : Société à responsabilité limitée. Adresse : 22 boulevard Marie Joseph 13015 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2013.
11/02/2013	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 1331 - 073803785 RCS. HENNEDROG. Forme : Société à responsabilité limitée. Adresse : 22 boulevard Marie Joseph 13015 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2012.
05/03/2012	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 1172 - 073803785 RCS. HENNEDROG. Forme : Société à responsabilité limitée. Adresse : 22 boulevard Marie Joseph 13015 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2011.
06/12/2010	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 781 - 073803785 RCS. HENNEDROG. Forme : Société à responsabilité limitée. Adresse : 22 boulevard Marie Joseph 13015 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2010.
30/06/2010	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 227 - 073 803 785 RCS Marseille. HENNEDROG. Forme : Société à responsabilité limitée. Capital : 150380 EUR. Commentaires : Modification du capital.
22/06/2010	JAL	Modification of the share capital
MARSEILLE L'HEBDO Date de décision : 31/05/2010 La société : 073803785 - HENNEDROG, 23 BD MARIE JOSEPH, 13015 MARSEILLE 15 a subi une augmentation de son capital social désormais de 150 380 €
23/12/2009	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 545 - 073803785 RCS. HENNEDROG. Forme : Société à responsabilité limitée. Adresse : 22 boulevard Marie Joseph 13015 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2009.
09/07/2009	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 331 - 073 803 785 RCS Marseille. HENNEDROG. Forme : Société à responsabilité limitée. Capital : 144000 EUR. Commentaires : Modification du capital.
22/05/2009	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 1342 - 073803785 RCS. HENNEDROG. Forme : Société à responsabilité limitée. Adresse : 22 boulevard Marie Joseph 13015 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2006.
12/12/2008	Bodacc C	Comptes annuels et rapports
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 485 - 073803785 RCS. HENNEDROG. Forme : Société à responsabilité limitée. Adresse : 22 boulevard Marie Joseph 13015 Marseille. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/06/2008.
05/12/2008	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 136 - 073 803 785 RCS Marseille. HENNEDROG. Forme : Société à responsabilité limitée. Administration : Gérant : BENSOUSSAN Alain modification le 24 Novembre 2008. Commissaire aux comptes suppléant : RENUCCI Hervé en fonction le 24 Novembre 2008. Commissaire aux comptes titulaire : KAMIEL Alain en fonction le 24 Novembre 2008. Commentaires : Modification de représentant.
16/12/2007	Bodacc C	Avis de dépôt des comptes
1170 - 073 803 785. RCS Marseille HENNEDROG. Forme: Société à responsabilité limitée. Adresse du siège social: 22 boulevard Marie Joseph 13015 Marseille. Comptes annuels et rapports de l'exercice clos le: 30 juin 2007.
18/03/2006	Bodacc C	Avis de dépôt des comptes
666 - RCS Marseille B 073 803 785. RC 73-B 378. HENNEDROG. Forme: S.A.R.L.. Adresse du siège social: 22, boulevard Marie Joseph,13015 Marseille-(15e). Comptes annuels et rapports de l'exercice clos le: 30 juin 2005.
12/02/2005	Bodacc C	Avis de dépôt des comptes
929 - RCS Marseille B 073 803 785. RC 73-B 378. HENNEDROG. Forme: S.A.R.L.. Adresse du siège social: 22, boulevard Marie Joseph,13015 Marseille. Comptes annuels et rapports de l'exercice clos le: 30 juin 2004.
30/06/2002	Bodacc A	Création d'établissement
RCS Marseille B 073803785 RC AP-B 20338 HENNEDROG. Forme : S.A.R.L. Capital : 100 000 euros. Adresse du siège social : 22 boulevard Marie-Joseph, 13015 Marseille Etablissement principal: Activité : fabrication de confiserie, torréfaction, conditionnement à façon, entreposage, distribution à l'import-export, achat et vente de tous produits alimentaires. Adresse : 5 boulevard Didier, 13015 Marseille Etablissement principal acquis par achat au prix stipulé de 45 734,71 euros. Date d'effet : 1 e r juin 2002. Précédent propriétaire : LES DOCKS DU LEVANT. RCS 411846504 Publication légale: Les Nouvelles publications du 14 juin 2002. Oppositions : M e Kuhn- Massot (Olivier), 27 rue Grignan, 13006 Marseille, pour la validité et la correspondance.
24/01/2002	Bodacc B	Modifications et mutations diverses
RCS Marseille B 073803785 RC 73-B 378 HENNEDROG. Forme : S.A.R.L. Capital : 100 000 euros. Commentaires : modification survenue sur le capital (augmentation) et l'administration. Administration : modification du gérant : BENSOUSSAN ( Alain).
07/03/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Marseille B 073 803 785 RC RC 73-B 378 HENNEDROG. Forme : S.A.R.L. Administration : démission : gérant : BENSOUSAN (Marcel). Nomination en qualité de gérant : BENSOUSSAN ( nom d' usage : BENSOUSSAN (Claudette, Etoile)). Commentaires : modification survenue sur l'administration.

Company events history

Date	Description
10/01/2014	Bodacc C : Deposit accounts notice
18/12/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/06/2013	New accounts available
22/02/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
11/02/2013	Bodacc C : Deposit accounts notice
30/06/2012	New accounts available
05/03/2012	Bodacc C : Deposit accounts notice
21/02/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/06/2011	New accounts available
06/12/2010	Bodacc C : Deposit accounts notice
30/06/2010	Bodacc B: Various editing or changing
30/06/2010	New accounts available
18/06/2010	Updated articles of association
18/06/2010	Capital increase
18/06/2010	Minutes of general meeting of shareholders
31/05/2010	Legal Gazette: Modification of the share capital
31/05/2010	Other modification of Establishment
23/12/2009	Bodacc C : Deposit accounts notice
09/07/2009	Bodacc B: Various editing or changing
01/07/2009	Other modification of Establishment
30/06/2009	Private document
30/06/2009	Capital increase
30/06/2009	New accounts available
30/06/2009	Updated articles of association
30/06/2009	Minutes of general meeting of shareholders
30/05/2009	Other modification of Establishment
22/05/2009	Bodacc C : Deposit accounts notice
12/12/2008	Bodacc C : Deposit accounts notice
05/12/2008	New Bodacc B ads detected
05/12/2008	Bodacc B: Various editing or changing
21/11/2008	Appointment/resignation of company officers
21/11/2008	New auditor
21/11/2008	Minutes of general meeting of shareholders
21/11/2008	Private document
30/06/2008	New accounts available
30/06/2007	New accounts available
14/11/2006	Acte sous seing privé
14/11/2006	Updated articles of association
14/11/2006	Private document
14/11/2006	Cession de parts
14/11/2006	Sale of shares
30/06/2006	New accounts available
30/06/2005	New accounts available
30/06/2004	New accounts available
30/06/2003	New accounts available
11/01/2002	Changement de Gérant
11/01/2002	Augmentation de Capital
11/01/2002	Acte sous seing privé
11/01/2002	Nomination/démission des organes de gestion
11/01/2002	PV d'Assemblée
11/01/2002	Conversion du Capital Social en Euros
11/01/2002	Statuts mis à jour
03/01/2002	PV d'Assemblée
03/01/2002	Conversion du Capital Social en Euros
22/02/2001	Rapport des Commissaires ou du Gérant
22/02/2001	PV d'Assemblée
22/02/2001	Acte sous seing privé
19/02/1997	Changement de Gérant
19/02/1997	PV d'Assemblée
19/02/1997	Acte sous seing privé
19/02/1997	Statuts mis à jour
19/02/1997	Nomination/démission des organes de gestion

NOTES & COMMENTS

Commentary

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

The pre-tax profit is more than 25,000€

The shareholder's equity is more than 250,000€

The ratio total assets to total liabilities is 2,1

The debtor days are 32.01

The return on total assets employed is positive

Industry code with low risk rating

The company is 40 years old

The tangible fixed assets are 45,066 €

The sales to current assets ratio is 2,2

Region code with high risk rating

The liquidity acid test is less than 65%

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.73
UK Pound	1	Rs.100.82
Euro	1	Rs.82.22

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIS

RATING EXPLANATIONS

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

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

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

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

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