MIRA INFORM REPORT

Report Date :

26.05.2014

IDENTIFICATION DETAILS

Name :	MAMBO COMMODITIES
Registered Office :	33 Rue D'artois 75008 Paris 8
Country :	France
Financials (as on) :	31.10.2009
Date of Incorporation :	May, 1994
Com. Reg. No.:	RCS Paris 9 394 905 327
Legal Form :	Simplified joint stock company
Line of Business :	Wholesale (intercompany trade) not special, Specialized © © (4690Z)
No. of Employees	10

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – March 31^st, 2014

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 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

Name

MAMBO COMMODITIES

SIRET

394 905 327 00034

Personal comment

company summary

Safe Number	FR15145504	EUR VAT Number	FR91394905327
Activity (APE)	Wholesale (intercompany trade) not special, Specialized © © (4690Z)	Legal form	Simplified joint stock company
Phone	01 42 68 86 10	RCS Registration	RCS Paris 9 394 905 327
Fax	01 42 68 86 19	Share capital	1,000,000 Euros
Address	MAMBO COMMODITIES 33 RUE D'ARTOIS 75008 PARIS 8	Incorporated Date	05/1994
Nationality	France	Status	Economically active

No social security and tax office preferential right to date

Current Directors

1

Trading to Date	10/31/2009	10/31/2008	10/31/2007
Turnover	13,703,972 €	25,899,846 €	29,181,917 €
Gross Operating Surplus	-9,81 % Turnover	-0,24 % Turnover	1,77 % Turnover
Shareholders’ equity	924,836 €	2,353,875 €	2,254,667 €
Net result	-1,428,144 €	99,878 €	320,467 €
Employees	6 to 9 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Wholesale (intercompany trade) not special, Specialized © © (4690Z)
RCS Registration	RCS Paris 9 394 905 327	Share capital	1,000,000 Euros
Registration Court	Paris (75)	Legal form	Simplified joint stock company
Court Registry Number	19 9 4B06476	EUR VAT Number	FR91394905327
Incorporation Date	05/1994	Formation Date	05/1994
Deregistration Date		Last account Date	31/10/2009
Nationality	France

Establishment details

Activity (APE)	Wholesale (intercompany trade) not special, Specialized © © (4690Z)	Business Pages FT®	IMPORT, EXPORT, NEGOCE DE MATIERES TEXTILES
Postal Address	MAMBO COMMODITIES 33 RUE D'ARTOIS 75008 PARIS 8	Trading Address	33 RUE D'ARTOIS 75008 PARIS 8
Telephone	01 42 68 86 10
Fax	01 42 68 86 19

Type	Head office	Status	Economically active
Formation Date	12/2011	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	PARIS 8	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> MAMBO COMMODITIES <<<  - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in PARIS 8  (75008)
Secondary establishments	>  MAMBO COMMODITIES  - Commerce de gros (commerce interentreprises) non spécialisé (4690Z)  in PARIS 8  (75008)

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

10 to 19 employees

Company workforce

6 to 9 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/10/2009	31/10/2008	31/10/2007
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	14/03/2011	12/03/2011	12/03/2011
Activity Code	4690Z	4690Z	4690Z
Employees	10	12	15

Active account

Annual Accounts	31/10/2009		31/10/2008		31/10/2007	Sector Median 2009
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	141 286	-11,8%	160 119	12,2%	142 759	5 604,50	2420,9%
- Intangible assets	27 013	-22,3%	34 772	5,6%	32 932	0	0%
- Tangible assets	33 365	-30,6%	48 064	42,6%	33 712	1 798	1755,7%
- Financial assets	80 908	4,7%	77 283	1,5%	76 115	60	134746,7%
Net current assets	2 725 682	-52,4%	5 727 570	-39,1%	9 398 826	99 801	2631,1%
- Stocks	0	0%	0	0%	82 626	8 020,50	0%
- Advanced payments	0	-52,4%	1 981 825	0%	0	0	0%
- Receivables	2 191 633	-5,8%	2 327 753	-49,2%	4 582 099	36 184,50	5956,8%
- Securities and cash	534 049	-62,3%	1 417 992	-70,0%	4 734 101	15 202,50	3412,9%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	7 814	-1,5%	7 929	-87,4%	62 987	0	0%
Total Assets	2 874 784	-51,2%	5 895 619	-38,6%	9 604 570	123 668	2224,6%

Passive Account

Annual Accounts	31/10/2009		31/10/2008		31/10/2007	Sector Median 2009
Shareholders' equity	924 836	-60,7%	2 353 875	4,4%	2 254 667	26 640	3371,6%
Share capital	1 000 000	0%	1 000 000	0%	1 000 000	8 000	12400%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	241 814	331,9%	55 983	-93,8%	907 174	0	0%
Liabilities	1 707 145	-51,0%	3 481 076	-45,8%	6 424 194	84 394,50	1922,8%
- Financial liabilities	243 068	-87,8%	1 988 494	-35,8%	3 095 280	7 664	3071,6%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	1 378 301	0,0%	1 378 572	-54,4%	3 021 103	21 591,50	6283,5%
- Tax and social liabilities	85 736	-24,7%	113 870	-59,2%	279 112	17 190	398,8%
- Other debts and fixed assets liabilities	1 029	-78,7%	4 827	-89,8%	47 234	4 122	-75,0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	2 874 783	-51,2%	5 895 619	-38,6%	9 604 570	123 667	2224,6%

Results

Annual Accounts	31/10/2009		31/10/2008		31/10/2007	Sector Median 2009
Sales of Goods	13 790 489	-48,3%	26 654 462	-9,5%	29 467 909	199 749,50	6803,9%
Net turnover	13 703 972	-47,1%	25 899 846	-11,2%	29 181 917	194 558,50	6943,6%
- of which net export turnover	13 703 972	-45,7%	25 238 985	-13,5%	29 181 917	0	0%
Operating charges	15 096 043	-43,5%	26 710 962	-7,1%	28 761 467	194 567,50	7658,8%
Operating profit/loss	-1 305 554	-2210,7%	-56 500	-108,0%	706 442	3 809,50	-34371,0%
Financial income	112 062	-69,3%	365 551	-34,2%	555 802	0	0%
Financial charges	59 298	-78,8%	279 942	-69,6%	921 532	348	16939,7%
Financial profit/loss	52 764	-38,4%	85 609	123,4%	-365 730	-65,50	80655,7%
Pretax net operating income	-1 252 790	-4403,8%	29 109	-91,5%	340 712	3 447	-36444,4%
Extraordinary income	64 371	-89,1%	589 108	361316,0%	163	0	0%
Extraordinary charges	239 726	-53,8%	518 340	31200,7%	1 656	45	532624,4%
Extraordinary profit/loss	-175 355	-347,8%	70 768	4840,0%	-1 493	0	0%
Net result	-1 428 144	-1529,9%	99 878	-68,8%	320 467	3 378	-42377,8%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/10/2009	31/10/2008	31/10/2007
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/10/2009		31/10/2008		31/10/2007
	Grand Total (I to VI)	Net	2 874 784	-51,2%	5 895 619	-38,6%	9 604 570
	Gross	CO	3 079 684	-49,8%	6 129 658	-40,2%	10 253 259
	Amortisation	1A	204 900	-12,5%	234 039	-63,9%	648 689

Non declared distributed capital (I)

		31/10/2009		31/10/2008		31/10/2007
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/10/2009		31/10/2008		31/10/2007
	Total Active fixed asset (II)	Net	141 286	-11,8%	160 119	12,2%	142 759
	Gross	BJ	299 569	-13,3%	345 715	17,3%	294 758
	Amortisation	BK	158 283	-14,7%	185 596	22,1%	151 999

Intangilble fixed assets

			31/10/2009		31/10/2008		31/10/2007
	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	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	27 013	-22,3%	34 772	5,6%	32 932
	Gross	AJ	100 276	4,9%	95 551	15,3%	82 861
	Amortisation	AK	73 263	20,5%	60 779	21,7%	49 929
	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	27 013	-22,3%	34 772	5,6%	32 932

Tangilble fixed assets

			31/10/2009		31/10/2008		31/10/2007
	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	0	0%	0	0%	0
	Gross	AR	4 208	0%	4 208	0%	4 208
	Amortisation	AS	4 208	0%	4 208	0%	4 208
	Other tangible fixed assets	Net	33 365	-30,6%	48 064	42,6%	33 712
	Gross	AT	114 177	-32,3%	168 673	28,2%	131 574
	Amortisation	AU	80 812	-33,0%	120 609	23,2%	97 862
	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	33 365		48 064		33 712

Financial assets

			31/10/2009		31/10/2008		31/10/2007
	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	52 180	2,9%	50 705	0%	50 705
	Gross	CU	52 180	2,9%	50 705	0%	50 705
	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	28 728	8,1%	26 578	4,6%	25 410
	Gross	BH	28 728	8,1%	26 578	4,6%	25 410
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		80 908		77 283		76 115

Current Assets (III)

			31/10/2009		31/10/2008		31/10/2007
	Total Assets	Net	2 725 682	-52,4%	5 727 570	-39,1%	9 398 826
	Gross	CJ	2 772 299	-52,0%	5 776 013	-41,6%	9 895 515
	Amortisation	CK	46 617	-3,8%	48 443	-90,2%	496 689

Stocks

			31/10/2009		31/10/2008		31/10/2007
	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	0	0%	0	0%	82 626
	Gross	BT	0	0%	0	0%	82 626
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	0	0%	0	0%	82 626

Advance payments to suppliers

			31/10/2009		31/10/2008		31/10/2007
	Advance payments to suppliers	Net	0	0%	1 981 825	0%	0
	Gross	BV	0	0%	1 981 825	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/10/2009		31/10/2008		31/10/2007
	Trade accounts receivable	Net	175 275	1972,8%	8 456	-99,3%	1 294 977
	Gross	BX	221 892	290,0%	56 899	-96,8%	1 791 666
	Amortisation	BY	46 617	-3,8%	48 443	-90,2%	496 689
	Other debtors	Net	1 828 954	-19,1%	2 261 101	-30,5%	3 253 634
	Gross	BZ	1 828 954	-19,1%	2 261 101	-30,5%	3 253 634
	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	2 004 229	-11,7%	2 269 557	-50,1%	4 548 611

Divers

			31/10/2009		31/10/2008		31/10/2007
	Investment securities	Net	0	0%	0	0%	3 177 130
	Gross	CD	0	0%	0	0%	3 177 130
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	534 049	-62,3%	1 417 992	-8,9%	1 556 971
	Gross	CF	534 049	-62,3%	1 417 992	-8,9%	1 556 971
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	534 049	-62,3%	1 417 992	-70,0%	4 734 101

Prepaid expenses

			31/10/2009		31/10/2008		31/10/2007
	Prepaid expenses	Net	187 404	222,0%	58 196	73,8%	33 488
	Gross	CH	187 404	222,0%	58 196	73,8%	33 488
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/10/2009		31/10/2008		31/10/2007
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	7 814	-1,5%	7 929	-87,4%	62 987
Gross		7 814	-1,5%	7 929	-87,4%	62 987

References

		31/10/2009		31/10/2008		31/10/2007
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)

		31/10/2009		31/10/2008		31/10/2007
Grand Total (I to V)	EE	2 874 783	-51,2%	5 895 619	-38,6%	9 604 570

Shareholder Equity (I)

			31/10/2009		31/10/2008		31/10/2007
	Total shareholders' equity (Total I)	DL	924 836	-60,7%	2 353 875	4,4%	2 254 667
	Equity and shareholders' equity	DA	1 000 000	0%	1 000 000	0%	1 000 000
	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	67 510	0%	67 510	0%	67 510
	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	1 656 128	0%	1 656 128	0%	1 656 128
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-370 750	21,2%	-470 627	40,5%	-791 094
	Profit or loss for the period	DI	-1 428 144	-1529,9%	99 878	-68,8%	320 467
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	92	-90,7%	986	-40,5%	1 656

Other capital resources (II)

			31/10/2009		31/10/2008		31/10/2007
	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)

			31/10/2009		31/10/2008		31/10/2007
	Total provisions for risks and charges (Total III)	DR	241 814	331,9%	55 983	-93,8%	907 174
	Risk provisions	DP	241 814	331,9%	55 983	-93,8%	907 174
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/10/2009		31/10/2008		31/10/2007
	Total Liabilities (Total IV)	EC	1 707 145	-51,0%	3 481 076	-45,8%	6 424 194
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	241 742	-87,8%	1 988 487	-35,7%	3 094 531
	Sundry loans and financial liabilities	DV	1 326	18842,9%	07	-99,1%	749
	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	1 378 301	0,0%	1 378 572	-54,4%	3 021 103
	Tax and social security liabilities	DY	85 736	-24,7%	113 870	-59,2%	279 112
	Fixed asset liabilities	DZ	0	0%	0	0%	1 710
	Other debts	EA	40	-71,4%	140	-99,5%	26 988

Translation loss (V)

		31/10/2009		31/10/2008		31/10/2007
Translation loss (Total V)	ED	989	-78,9%	4 687	-74,7%	18 536

Equalization accounts

		31/10/2009		31/10/2008		31/10/2007
Deferred income	EB	0	0%	0	0%	0

References

		31/10/2009		31/10/2008		31/10/2007
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	1 707 145	-51,0%	3 481 076	-45,8%	6 424 194
Of which current bank facilities	EH	241 742	3626,6%	6 487	-99,1%	705 531

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)

		31/10/2009		31/10/2008		31/10/2007
Operating result (Total I-II)	GG	-1 305 554	-2210,7%	-56 500	-108,0%	706 442

2 - Financial result (V - VI)

		31/10/2009		31/10/2008		31/10/2007
Financial result (Total V-VI)	GV	52 764	-38,4%	85 609	123,4%	-365 730

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

		31/10/2009		31/10/2008		31/10/2007
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-1 252 790	-4403,8%	29 109	-91,5%	340 712

4 - Extraordinary result (VII-VIII)

		31/10/2009		31/10/2008		31/10/2007
Extraordinary result (Total VII-VIII)	HI	-175 355	-347,8%	70 768	4840,0%	-1 493

Profit or loss

		31/10/2009		31/10/2008		31/10/2007
Profit or loss	HN	-1 428 144	-1529,9%	99 878	-68,8%	320 467

Total Income (I+III+V+VII)

		31/10/2009		31/10/2008		31/10/2007
Total Income (I+III+V+VII)	HL	13 966 922	-49,4%	27 609 121	-8,0%	30 023 874

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

		31/10/2009		31/10/2008		31/10/2007
Total charges (Total II+IV+VI+VIII+IX+X)	HM	15 395 067	-44,0%	27 509 244	-7,4%	29 703 405

Operating income (I)

		31/10/2009		31/10/2008		31/10/2007
Total operating income (Total I)	FR	13 790 489	-48,3%	26 654 462	-9,5%	29 467 909

Operating income (details)

			31/10/2009		31/10/2008		31/10/2007
	Sale of goods for resale	FC	13 427 581	-47,7%	25 652 260	-6,6%	27 477 627
	France	FA	0	0%	660 861	0%	0
	Export	FB	13 427 581	-46,3%	24 991 399	-9,0%	27 477 627
	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	276 391	11,6%	247 586	-85,5%	1 704 290
	France	FG	0	0%	0	0%	0
	Export	FH	276 391	11,6%	247 586	-85,5%	1 704 290
	Net turnover	FL	13 703 972	-47,1%	25 899 846	-11,2%	29 181 917
	France	FJ	0	0%	660 861	0%	0
	Export	FK	13 703 972	-45,7%	25 238 985	-13,5%	29 181 917
	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	83 201	-89,0%	754 577	163,9%	285 931
	Other income	FQ	3 316	8402,6%	39	-36,1%	61

Operating charges (II)

		31/10/2009		31/10/2008		31/10/2007
Total operating charges (Total II)	GF	15 096 043	-43,5%	26 710 962	-7,1%	28 761 467

Exploitation charges

		31/10/2009		31/10/2008		31/10/2007
Purchase of goods for resale	FS	13 831 459	-43,9%	24 664 421	-4,3%	25 774 023
Change in stocks of goods for resale	FT	0	0%	82 626	-90,8%	894 627
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	488 713	26,7%	385 636	-49,5%	764 110
Tax, duty and similar payments	FX	33 041	-38,2%	53 468	-23,9%	70 255
Payroll	FY	471 049	-9,7%	521 532	-33,5%	784 496
Social security costs	FZ	224 528	-11,6%	253 851	-33,0%	378 633

Depreciation

		31/10/2009		31/10/2008		31/10/2007
Depreciation of fixed assets	GA	26 596	-20,8%	33 597	-7,9%	36 468
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	19 976	-8,4%	21 802	0%	0
Provisions for risks and charges	GD	0	0%	48 054	-18,3%	58 824

Other charges

		31/10/2009		31/10/2008		31/10/2007
Other charges	GE	681	-99,9%	645 975	2083690,3%	31

Operating charges (III-IV)

		31/10/2009		31/10/2008		31/10/2007
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)

			31/10/2009		31/10/2008		31/10/2007
	Total financial income (Total V)	GP	112 062	-69,3%	365 551	-34,2%	555 802
	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	104 133	-65,6%	302 564	0,7%	300 317
	Released provisions and transferred charges	GM	7 929	-87,4%	62 987	6,3%	59 268
	Exchange gains	GN	0	0%	0	0%	196 217
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/10/2009		31/10/2008		31/10/2007
	Total financial charge (Total VI)	GU	59 298	-78,8%	279 942	-69,6%	921 532
	Financial reserves and provisions	GQ	7 814	-1,5%	7 929	-87,4%	62 987
	Interest and similar charges	GR	51 484	-81,1%	272 013	70,5%	159 568
	Exchange losses	GS	0	0%	0	0%	698 977
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/10/2009		31/10/2008		31/10/2007
	Total extraordinary income (Total VII)	HD	64 371	-89,1%	589 108	361316,0%	163
	Extraordinary operating income	HA	46 953	349,9%	10 437	6303,1%	163
	Extraordinary income from capital transactions	HB	16 524	0%	0	0%	0
	Released provisions and transferred charges	HC	894	-99,8%	578 671	0%	0

Extraordinary charges (VIII)

			31/10/2009		31/10/2008		31/10/2007
	Total extraordinary charges (Total VIII)	HH	239 726	-53,8%	518 340	31200,7%	1 656
	Extraordinary operating charges	HE	2 640	-99,5%	518 340	0%	0
	Extraordinary charges from capital transactions	HF	3 086	0%	0	0%	0
	Extraordinary reserves and provisions	HG	234 000	0%	0	0%	1 656

Employee profit sharing (IX)

		31/10/2009		31/10/2008		31/10/2007
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/10/2009		31/10/2008		31/10/2007
Tax on profits (Total X)	HK	0	0%	0	0%	18 750

References

		31/10/2009		31/10/2008		31/10/2007
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	13 345	-18,3%	16 341	62,0%	10 089
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)

			31/10/2009		31/10/2008		31/10/2007
	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	56 994	0%	0	0%	14 531
	Gross value at the end of period	OL	299 570	-13,3%	345 715	17,3%	294 758

Research and development Charge (Total I)

			31/10/2009		31/10/2008		31/10/2007
	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)

			31/10/2009		31/10/2008		31/10/2007
	Gross value at begin of period	KD	95 551	15,3%	82 861	16,9%	70 901
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	4 725	-62,8%	12 690	6,1%	11 960
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	100 276	4,9%	95 551	15,3%	82 861

Tangible fixed assets (Total III)

			31/10/2009		31/10/2008		31/10/2007
	Gross value at begin of period	LN	172 881	27,3%	135 781	-5,7%	143 942
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	974	-97,4%	37 100	482,4%	6 370
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	55 470	0%	0	0%	14 531
	Gross value at the end of period	NH	118 385	-31,5%	172 881	27,3%	135 781

Fiancial assets (Total IV)

			31/10/2009		31/10/2008		31/10/2007
	Gross value at begin of period	LQ	77 283	1,5%	76 115	12,1%	67 897
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	5 150	340,9%	1 168	-85,8%	8 217
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	1 524	0%	0	0%	0
	Gross value at the end of period	NK	80 909	4,7%	77 283	1,5%	76 114

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

			31/10/2009		31/10/2008		31/10/2007
	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)

			31/10/2009		31/10/2008		31/10/2007
	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)

			31/10/2009		31/10/2008		31/10/2007
	Reserve for depreciation value at begin of period	PE	60 779	21,7%	49 929	18,3%	42 197
Increases		PF	12 484	15,1%	10 850	40,3%	7 733
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	73 263	20,5%	60 779	21,7%	49 930

Total fixed assets amotisation (Total III)

			31/10/2009		31/10/2008		31/10/2007
	Reserve for depreciation value at begin of period	QU	124 817	22,3%	102 070	16,2%	87 865
Increases		QV	14 112	-38,0%	22 747	-20,8%	28 737
Decreases		QW	53 909	0%	0	0%	14 531
	Decreasess by budget item transfer	QX	85 020	-31,9%	124 817	22,3%	102 071

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/10/2009		31/10/2008		31/10/2007
	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

			31/10/2009		31/10/2008		31/10/2007
	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)

			31/10/2009		31/10/2008		31/10/2007
	Value at begining of period	7C	105 411	-92,5%	1 405 520	-13,1%	1 617 162
Increases		UB	261 790	236,6%	77 785	-37,0%	123 467
Decreases		UC	78 679	-94,3%	1 377 893	311,2%	335 110
	Value at the end of period	UD	288 522	173,7%	105 412	-92,5%	1 405 519

Includes Total allocations

Operating	UE	19 976	-71,4%	69 856	18,8%	58 824
Financial	UG	7 814	-1,5%	7 929	-87,4%	62 987
Exceptional	UJ	234 000	0%	0	0%	1 656

Includes Total Withdrawal

Operating	UF	69 856	-90,5%	736 236	166,9%	275 842
Financial	UH	7 929	-87,4%	62 987	6,3%	59 268
Exceptional	UK	894	-99,8%	578 671	0%	0

Total regulated provisions (Total I)

			31/10/2009		31/10/2008		31/10/2007
	Value at begining of period	3Z	986	-40,5%	1 656	0%	0
Increases		TS	0	0%	0	0%	1 656
Decreases		TT	894	33,2%	671	0%	0
	Value at the end of period	TU	92	-90,7%	985	-40,5%	1 656

Total risk and charge provisions (Total II)

			31/10/2009		31/10/2008		31/10/2007
	Value at begining of period	5Z	55 983	-93,8%	907 174	-5,7%	961 979
Increases		TV	241 814	331,9%	55 983	-54,0%	121 811
Decreases		TW	55 983	-93,8%	907 174	413,6%	176 618
	Value at the end of period	TX	241 814	331,9%	55 983	-93,8%	907 172

Total Provision for depreciation (Total III)

			31/10/2009		31/10/2008		31/10/2007
	Value at begining of period	7B	48 443	-90,2%	496 689	-24,2%	655 181
Increases		TY	19 976	-8,4%	21 802	0%	0
Decreases		TZ	21 802	-95,4%	470 048	196,6%	158 492
	Value at the end of period	UA	46 617	-3,8%	48 443	-90,2%	496 689

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

		31/10/2009		31/10/2008		31/10/2007
Gross value	VT	2 266 979	-5,7%	2 402 775	-52,9%	5 104 198
1 year at most	VU	2 238 251	-5,8%	2 376 197	-53,2%	5 078 788
More than one year	VV	28 728	8,1%	26 578	4,6%	25 410

State of loans

		31/10/2009		31/10/2008		31/10/2007
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	28 728	8,1%	26 578	4,6%	25 410
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/10/2009		31/10/2008		31/10/2007
Customers doubtful or disputed	VA	0	0%	0	0%	460 603
Other claims customer	UX	221 892	290,0%	56 899	-95,7%	1 331 063
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%	03	-99,3%	416
Social Security and other social organizations	UZ	3 142	-17,6%	3 814	-14,4%	4 456
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	27 205	-45,2%	49 645	150,5%	19 816
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	3 660	266,4%	999	0%	0
Group and Associates	VC	1 794 447	-17,6%	2 178 778	-31,6%	3 185 968
Accounts receivable (including claims relating to the operation of pension titles)	VR	500	-98,2%	27 866	-35,2%	42 977

Prepaid

		31/10/2009		31/10/2008		31/10/2007
Prepaid	VS	187 404	222,0%	58 196	73,8%	33 488

State Debt

			31/10/2009		31/10/2008		31/10/2007
	Total debt (gross)	VY	1 707 145	-51,0%	3 481 076	-45,8%	6 424 194
1 year at most		VZ2	1 707 145	-51,0%	3 481 076	-45,8%	6 424 194
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

			31/10/2009		31/10/2008		31/10/2007
	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	241 742	-87,8%	1 988 487	-35,7%	3 094 531
1 year at most		VG2	241 742	-87,8%	1 988 487	-35,7%	3 094 531
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	1 378 301	0,0%	1 378 572	-54,4%	3 021 103
1 year at most		8B2	1 378 301	0,0%	1 378 572	-54,4%	3 021 103
More than 1 year and 5 years at most		8B3	1 378 301	0,0%	1 378 572	-54,4%	3 021 103
	Personnel and associated accounts (gross)	8C1	37 840	-23,7%	49 618	-66,3%	147 368
1 year at most		8C2	37 840	-23,7%	49 618	-66,3%	147 368
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	39 656	-19,1%	49 045	-51,4%	100 818
1 year at most		8D2	39 656	-19,1%	49 045	-51,4%	100 818
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	998	-96,8%	30 926
1 year at most		VW2	0	0%	998	-96,8%	30 926
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	8 241	-42,0%	14 209	0%	0
1 year at most		VQ2	8 241	-42,0%	14 209	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%	1 710
1 year at most		8J2	0	0%	0	0%	1 710
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	1 326	18842,9%	07	-99,1%	749
1 year at most		VI2	1 326	18842,9%	07	-99,1%	749
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	40	-71,4%	140	-99,5%	26 988
1 year at most		8K2	40	-71,4%	140	-99,5%	26 988
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

		31/10/2009		31/10/2008		31/10/2007
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

		31/10/2009		31/10/2008		31/10/2007
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/10/2009		31/10/2008		31/10/2007
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

		31/10/2009		31/10/2008		31/10/2007
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/10/2009		31/10/2008		31/10/2007
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/10/2009		31/10/2008		31/10/2007
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/10/2009		31/10/2008		31/10/2007
Average number of employees	YP	10	-16,7%	12	-20,0%	15

Groups and Shareholders

		31/10/2009		31/10/2008		31/10/2007
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

		31/10/2009		31/10/2008		31/10/2007	Sector Median 2009
Fixed Asset Financing		4,43	-66,5%	13,24	-31,6%	19,35	2,95	50,2%
Global Debt		45 days	-6,2%	48 days	-39,2%	79 days	132 days	-65,9%
Working Capital Fund overall net		27 days	-54,2%	59 days	-11,9%	67 days	54 days	-50,0%
Financial independence		382,57%	223,2%	118,38%	62,5%	72,86%	227,47%	68,2%
Solvability		32,17%	-19,4%	39,93%	70,1%	23,47%	26,33%	22,2%
Capacity debt futures		382,57%	223,2%	118,38%	62,5%	72,86%	605,20%	-36,8%
Coverage of current assets by net working capital overall		39,72%	-46,3%	74,01%	78,4%	41,48%	36,08%	10,1%
General Liquidity		1,31	92,6%	0,68	-13,9%	0,79	0,58	125,9%
Restricted Liquidity		1,62	48,6%	1,09	-28,8%	1,53	1,01	60,4%

Management or rotation

		31/10/2009		31/10/2008		31/10/2007	Sector Median 2009
Need background in operating working capital		14 days	-63,2%	38 days	137,5%	16 days	14 days	0%
Treasury		8 days	-60,0%	20 days	-60,0%	50 days	3 days	166,7%
Inventory turnover of goods		0 days	0%	0 days	0%	1 days	46 days	0%
Average length of credit granted to customers		6 days	500%	1 days	-95,5%	22 days	45 days	-86,7%
Average length of credit obtained suppliers		35 days	75,0%	20 days	-50,0%	40 days	53 days	-34,0%
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	1962 days	-
Rotation tangible assets		11575,77%	-22,7%	14981,31%	-30,3%	21491,90%	1999,14%	479,0%

Profitability of the business

		31/10/2009		31/10/2008		31/10/2007	Sector Median 2009
Margin trading		-2,95%	-184,3%	3,50%	26,4%	2,77	23,91%	-112,3%
Profitability of the business		-9,81	-3987,5%	-0,24	-113,6%	1,77	3,45%	-384,3%
Net profit		-10,42%	-2771,8%	0,39%	-64,5%	1,10%	1,60%	-751,2%
Growth rate of turnover (excluding VAT)		-47,09%	-318,6%	-11,25%	77,4%	-49,72%	-0,20%	-23445,0%
Rates integration		-4,50%	-252,0%	2,96%	-50,6%	5,99%	17,86%	-125,2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		-112,88%	-211,7%	101,07%	52,0%	66,50%	52,04%	-316,9%
Weight interests		0,43	-60,2%	1,08%	-65,8%	3,16%	0,17%	152,9%

Return on capital

		31/10/2009		31/10/2008		31/10/2007	Sector Median 2009
Cash flow from the overall profitability		-9,13%	-91,4%	-4,77%	-1690,0%	0,30%	2,72%	-435,7%
Rates of economic profitability		-115%	-11400%	-1%	-110,0%	10%	17%	-776,5%
Financial profitability		924836%	-60,7%	2353875%	4,4%	2254667%	3217%	28648,4%
Return on investment		-117,21%	-1439,5%	8,75%	-62,3%	23,22%	12,08%	-1070,3%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/10/2009		31/10/2008		31/10/2007	Sector Median 2009
Turnover	13 703 972	-47,1%	25 899 846	-11,2%	29 181 917	194 558 €	6943,6%

Sales of goods	13 427 581	-47,7%	25 652 260	-6,6%	27 477 627
- Purchase of goods	13 831 459	-43,9%	24 664 421	-4,3%	25 774 023
+/- Stock of goods variation	0	0%	82 626	-90,8%	894 627
Trading margin	-403 878 €	-144,6%	905 213 €	11,9%	808 977 €	35 159,50 €	-1248,7%
	-2,95 % CA	-184,3%	3,50 % CA	26,4%	2,77 % CA	26,38 % CA	-111,2%

Sale of goods produced	276 391	11,6%	247 586	-85,5%	1 704 290
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	276 391 €	11,6%	247 586 €	-85,5%	1 704 290 €	6 727,50 €	4008,4%
	2,02 % CA	110,4%	0,96 % CA	-83,6%	5,84 % CA	6,13 % CA	-67,0%

Trading margin	-403 878	-144,6%	905 213	11,9%	808 977	35 159,50	-1248,7%
+ Period Production	276 391	11,6%	247 586	-85,5%	1 704 290	6 727,50	4008,4%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	488 713	26,7%	385 636	-49,5%	764 110
Added value	-616 200 €	-180,3%	767 163 €	-56,1%	1 749 157 €	39 313,50 €	-1667,4%
	-4,50 % CA	-252,0%	2,96 % CA	-50,6%	5,99 % CA	17,84 % CA	-125,2%

Added value	-616 200 €	-180,3%	767 163 €	-56,1%	1 749 157 €	39 313,50 €	-1667,4%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	33 041	-38,2%	53 468	-23,9%	70 255
- Personal charges	695 577	-10,3%	775 383	-33,3%	1 163 129
Gross operating surplus	-1 344 818 €	-2080,0%	-61 688 €	-112,0%	515 773 €	5 857 €	-23060,9%
	-9,81 % CA	-3987,5%	-0,24 % CA	-113,6%	1,77 % CA	3,43 % CA	-386,0%

Gross operating surplus	-1 344 818 €	-2080,0%	-61 688 €	-112,0%	515 773 €	5 857 €	-23060,9%
+ Release of reserves and provisions	83 201	-89,0%	754 577	163,9%	285 931
+ Other operating income	3 316	8402,6%	39	-36,1%	61
- Depreciation/Amortisation	46 572	-55,0%	103 453	8,6%	95 292
- Other charges	681	-99,9%	645 975	2083690,3%	31
Operating result	-1 305 554 €	-2210,7%	-56 500 €	-108,0%	706 442 €	3 752 €	-34896,2%
	-9,53 % CA	-4231,8%	-0,22 % CA	-109,1%	2,42 % CA	2,18 % CA	-537,2%

Operating result	-1 305 554 €	-2210,7%	-56 500 €	-108,0%	706 442 €	3 752 €	-34896,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	112 062	-69,3%	365 551	-34,2%	555 802
- Financial charges	59 298	-78,8%	279 942	-69,6%	921 532
Pre-tax result	-1 252 790 €	-4403,8%	29 109 €	-91,5%	340 712 €	3 400 €	-36946,8%
	-9,14 % CA	-8409,1%	0,11 % CA	-90,6%	1,17 % CA	1,86 % CA	-591,4%

Extraordinary income	64 371	-89,1%	589 108	361316,0%	163	0	0%
- Extraordinary charges	239 726	-53,8%	518 340	31200,7%	1 656
Extraordinary result	-175 355 €	-347,8%	70 768 €	4840,0%	-1 493 €	0 €	0%
	-1,28 % CA	-574,1%	0,27 % CA	2800%	0 % CA	0 % CA	0%

Pre-tax result	-1 252 790 €	-4403,8%	29 109 €	-91,5%	340 712 €	3 400 €	-36946,8%
Extraordinary result	-175 355 €	-347,8%	70 768 €	4840,0%	-1 493 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	0	0%	0	0%	18 750
Net result	-1 428 145 €	-1529,9%	99 877 €	-68,8%	320 469 €	3 356,50 €	-42648,6%
	-10,42 % CA	-2771,8%	0,39 % CA	-64,5%	1,10 % CA	1,61 % CA	-747,2%

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	12/05/2010
Status of Monitoring	No social security and tax office preferential right to date

Group data

This company is not identified as one of the biggest french chip.

Group Structure

No group information available for the company

Shareholders

Linkages

This company is not identified as one of the biggest french chip.

No Linkages information available for the company

event history

Status history

Date	Description
12/12/2011	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
10/04/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1230 - 394 905 327 RCS Paris. MAMBO COMMODITIES. Forme : Société par actions simplifiée. Capital : 1000000 EUR. Activité : . Adresse de l’établissement principal : 33 rue d'Artois, 75008 Paris. Adresse du siège social : 33 rue d'Artois, 75008 Paris. Commentaires : modification survenue sur l'adresse du siège.
20/12/2011	JAL	Head Office Transfer
Affiches parisiennes (Les) Date de décision : 12/12/2011 Transfert du siège social de la société 394905327 -  MAMBO COMMODITIES Adresse du nouveau siège : 33 Rue d'Artois, 75008 PARIS 08 Ancienne localisation : 10 RUE CAMBACERES, 75008 PARIS 8 Date d'effet : 12/12/2011
18/04/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9674 - 394905327 RCS. MAMBO COMMODITIES. Forme : Société par actions simplifiée. Adresse : 10 R CAMBACERES 75008 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/10/2009.
18/04/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9671 - 394905327 RCS. MAMBO COMMODITIES. Forme : Société par actions simplifiée. Adresse : 10 R CAMBACERES 75008 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/10/2006.
18/04/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9672 - 394905327 RCS. MAMBO COMMODITIES. Forme : Société par actions simplifiée. Adresse : 10 R CAMBACERES 75008 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/10/2007.
18/04/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9673 - 394905327 RCS. MAMBO COMMODITIES. Forme : Société par actions simplifiée. Adresse : 10 R CAMBACERES 75008 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/10/2008.
13/11/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8906 - 394905327 RCS. MAMBO COMMODITIES. Forme : Société par actions simplifiée. Adresse : 10 rue Cambacérès 75008 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/10/2005.
13/11/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8905 - 394905327 RCS. MAMBO COMMODITIES. Forme : Société par actions simplifiée. Adresse : 10 rue Cambacérès 75008 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/10/2004.
06/06/2008	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 592 - 394 905 327 RCS Paris. MAMBO COMMODITIES. Forme : Société par actions simplifiée. Administration : nomination du Commissaire aux comptes titulaire : OUEST CONSEILS AUDIT, nomination du Commissaire aux comptes suppléant : Deniel, Dominique. Capital : 1000000 EUR. Adresse du siège social : 10 rue Cambacérès, 75008 Paris. Commentaires : modification survenue sur l'administration.
18/11/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 394905327 RC 94-B 6476 MAMBO COMMODITIES. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président : EZERZER (Armand). Administrateurs partants : POITEVIN ( Dominique) EZERZER (Yves, Vicky).
01/06/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 394905327 RC 94-B 6476 MAMBO COMMODITIES. Forme : S.A. Capital : 1 000 000 d'euros. Commentaires : modification survenue sur le capital ( augmentation).
09/04/2003	Bodacc B	Modifications et mutations diverses
RCS Paris B 394905327 RC 94-B 6476 MAMBO COMMODITIES. Forme : S.A. Capital : 670 752 euros. Commentaires : modification survenue sur le capital ( augmentation) et l'administration. Administration : modification du président du conseil d'administration et directeur général : EZERZER (Armand).
22/08/1999	Bodacc B	Modifications et mutations diverses
RCS Paris B 394905327 RC 94-B 6476 MAMBO COMMODITIES. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : EZERZER, née AMIEL (Pascale). Nomination d'un administrateur : EZERZER (Yves, Vicky).
22/08/1999	Bodacc B	Modifications et mutations diverses
RCS Paris B 394905327 RC 94-B 6476 MAMBO COMMODITIES. Forme : S.A. Capital : 4 192 200 F. Commentaires : modification survenue sur le capital (augmentation).
25/01/1998	Bodacc B	Modifications et mutations diverses
RCS Paris B 394 905 327 RC 94-B 6476 MAMBO COMMODITIES. Forme : S.A. Adresse du siège social : 10 rue Cambacérès 75008 Paris. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : 10 rue Cambacérès 75008 Paris.
14/12/1997	Bodacc B	Modifications et mutations diverses
RCS Paris B 394 905 327 RC 94-B 6476 MAMBO COMMODITIES. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : ZIRMA (David). Modification du commissaire aux comptes titulaire : CABINET GORIOUX FARO ET ASSOCIES. Nomination du commissaire aux comptes suppléant : MERCIER (Hubert).
04/07/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 394 905 327 RC RC 94- B 6476 MAMBO COMMODITIES. Forme : S.A.R.L. Capital : 2 096 100 F. Commentaires : modification survenue sur le capital.
02/06/1996	Bodacc B	Modifications et mutations diverses
RCS Paris B 394 905 327 RC 94-B 6476 MAMBO COMMODITIES. Forme : S.A.R.L. Capital : 4 110 000 F. Commentaires : modification survenue sur le capital.
23/03/1995	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 394 905 327 RC RC 94- B 6476 MAMBO COMMODITIES. Forme : S.A.R.L. Administration : gérant : EZERZER ( Armand). Commentaires : modification survenue sur l'administration.

Company events history

Date	Description
07/02/2014	New parent detected
15/10/2013	Update Rating
18/07/2013	Update Rating
16/07/2013	Updated articles of association
16/07/2013	New closing date
16/07/2013	Amendment
10/04/2012	Bodacc B: Various editing or changing
26/03/2012	Updated articles of association
26/03/2012	Minutes of general meeting of shareholders
26/03/2012	Registered office transferred inside jurisdiction of the Commercial Court
26/03/2012	Amendment
20/12/2011	Legal Gazette: Head Office Transfer
12/12/2011	Update of Company Head Office Identifier
12/12/2011	Transfer of Establishment
18/04/2011	Bodacc C : Deposit accounts notice
12/05/2010	Collection of preferential rights activated for this company
13/11/2009	Bodacc C : Deposit accounts notice
31/10/2009	New accounts available
31/10/2008	New accounts available
06/06/2008	New Bodacc B ads detected
06/06/2008	Bodacc B: Various editing or changing
20/02/2008	Private document
20/02/2008	Appointment/resignation of company officers
20/02/2008	PV d'Assemblée
20/02/2008	Minutes of general meeting of shareholders
20/02/2008	Changement de Commissaire aux Comptes
31/10/2007	New accounts available
31/10/2006	New accounts available
31/10/2005	New accounts available
31/10/2004	New accounts available
29/10/2004	New legal form – no new category
29/10/2004	Changement de Forme Juridique avec changement de catégorie
29/10/2004	Changement de Forme Juridique sans changement de catégorie
29/10/2004	Updated articles of association
29/10/2004	Statuts mis à jour
29/10/2004	PV d'Assemblée
29/10/2004	Minutes of general meeting of shareholders
29/10/2004	Nomination/démission des organes de gestion
29/10/2004	Appointment/resignation of company officers
29/10/2004	Private document
29/10/2004	Acte sous seing privé
19/10/2004	Acte sous seing privé
19/10/2004	Private document
19/10/2004	Rapport des Commissaires ou du Gérant
19/10/2004	Audit or Management Report
11/05/2004	Acte sous seing privé
11/05/2004	Augmentation de Capital
11/05/2004	PV d'Assemblée
11/05/2004	Statuts mis à jour
31/10/2003	New accounts available
28/03/2003	Augmentation de Capital
28/03/2003	Acte modificatif
28/03/2003	PV d'Assemblée
28/03/2003	Statuts mis à jour
28/03/2003	PV du Conseil d'Administration
28/03/2003	Acte sous seing privé
09/08/1999	Acte modificatif
09/08/1999	Statuts mis à jour
09/08/1999	PV du Conseil d'Administration
09/08/1999	PV d'Assemblée
09/08/1999	Modification du Conseil d'Administration
09/08/1999	Acte sous seing privé
09/08/1999	Augmentation de Capital
09/08/1999	Changement de date de clôture
09/08/1999	Nomination/démission des organes de gestion
13/01/1998	Acte modificatif
13/01/1998	Statuts mis à jour
13/01/1998	PV du Conseil d'Administration
13/01/1998	Acte sous seing privé
13/01/1998	Transfert du Siège dans le ressort du Tribunal de Commerce
28/11/1997	PV d'Assemblée
28/11/1997	Nomination/démission des organes de gestion
28/11/1997	Changement de Commissaire aux Comptes
28/11/1997	Acte sous seing privé
05/12/1996	Acte sous seing privé
05/12/1996	Changement de Forme Juridique sans changement de catégorie
05/12/1996	Statuts mis à jour
05/12/1996	Changement de Forme Juridique avec changement de catégorie
05/12/1996	PV d'Assemblée
05/12/1996	Cession de parts
05/12/1996	Nomination/démission des organes de gestion
05/12/1996	Rapport des Commissaires ou du Gérant
05/12/1996	Acte modificatif
05/12/1996	PV du Conseil d'Administration
15/10/1996	Acte modificatif
15/10/1996	Rapport des Commissaires ou du Gérant
20/06/1996	Augmentation de Capital
20/06/1996	Acte sous seing privé
20/06/1996	Acte modificatif
20/06/1996	Réduction de Capital
20/06/1996	Cession de parts
20/06/1996	Statuts mis à jour
20/06/1996	PV d'Assemblée
17/05/1996	Statuts mis à jour
17/05/1996	PV d'Assemblée
17/05/1996	Acte modificatif
17/05/1996	Réduction de Capital
17/05/1996	Augmentation de Capital
14/05/1996	Acte sous seing privé
14/05/1996	Augmentation de Capital
14/05/1996	PV d'Assemblée
14/05/1996	Acte modificatif
14/05/1996	Réduction de Capital
14/05/1996	Cession de parts
14/05/1996	Statuts mis à jour
07/03/1995	PV d'Assemblée
07/03/1995	Nomination/démission des organes de gestion
07/03/1995	Acte sous seing privé
07/03/1995	Statuts mis à jour
07/03/1995	Acte modificatif
07/03/1995	Cession de parts
07/03/1995	Changement de Gérant
09/05/1994	Statuts
09/05/1994	Formation de Société
09/05/1994	Nomination/démission des organes de gestion
09/05/1994	PV d'Assemblée
09/05/1994	Acte sous seing privé

Establishment events history

Date	Description
21/04/2013	Update Rating
23/02/2012	Update of phone numbers
12/12/2011	Formation of Head office (after transfer)

directors

Name	M. EZERZER ARMAND
Manager position	President	Date of birth	15/06/1963
Place of birth	CASABLANCA(MAROC)
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.58.48
UK Pound	1	Rs.98.67
Euro	1	Rs.79.80

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	SDA

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.